Comments on: Tales from the Crypto https://www.campfirefinance.com/tales-from-the-crypto/ A personal finance community for those seeking FIRE, by those seeking FIRE Fri, 29 May 2020 00:35:00 +0000 hourly 1 https://wordpress.org/?v=5.4.2 By: Ty Robertshttps://www.campfirefinance.com/tales-from-the-crypto/#comment-1273 Tue, 27 Feb 2018 22:53:58 +0000 http://www.getrichquickish.net/?p=3137#comment-1273 In reply to Slow Dad.

lol – indeed I have! I’ll keep my fingers crossed and will keep a sharp eye out for my exit point.

]]> By: Ty Robertshttps://www.campfirefinance.com/tales-from-the-crypto/#comment-1272 Tue, 27 Feb 2018 22:51:10 +0000 http://www.getrichquickish.net/?p=3137#comment-1272 In reply to Grant.

To the moon! 😀

]]> By: Granthttps://www.campfirefinance.com/tales-from-the-crypto/#comment-1271 Mon, 26 Feb 2018 21:16:25 +0000 http://www.getrichquickish.net/?p=3137#comment-1271 Great Article! I’ve definitely been a big fan of ripple and Dent for 2018! Here’s to the future of Crypto and remember to HODL!

]]> By: Slow Dadhttps://www.campfirefinance.com/tales-from-the-crypto/#comment-1270 Sun, 18 Feb 2018 22:22:20 +0000 http://www.getrichquickish.net/?p=3137#comment-1270 Looks like you found yourself a white knuckle way to liven up that boring “set and forget” journey towards financial freedom!

I think blockchain will end up playing a useful in things like title registers (shares, property, etc) that need to be both correct and verifiable. I think it will also fade into the background until it becomes (mostly) invisible any file system is today.

The crypto part I’m not so sold on, as I’m unconvinced the world needs yet another medium of exchange. Will be interesting to see how it all plays out.

Good luck Ty, and enjoy the ride!

]]> By: Ty Robertshttps://www.campfirefinance.com/tales-from-the-crypto/#comment-1269 Fri, 16 Feb 2018 18:10:06 +0000 http://www.getrichquickish.net/?p=3137#comment-1269 In reply to Mrs. Groovy.

Thanks, Mrs. G. While blockchain has several uses, one of the best use cases for cyrpto investors is as a store of wealth, just like gold or silver. The big problem, obviously, is the volatility and the newness of the stuff.

]]> By: Ty Robertshttps://www.campfirefinance.com/tales-from-the-crypto/#comment-1268 Fri, 16 Feb 2018 18:07:30 +0000 http://www.getrichquickish.net/?p=3137#comment-1268 In reply to the Budget Epicurean.

I hope your husband’s dabbling has paid off handsomely for you two! Buying alt coins gets complicated because it requires you to create wallets on multiple exchanges and, usually, an alt can only be purchased with Bitcoin or Ethereum, so that coin must be purchased first. And yes, I Dream of FIRE did an awesome job (he created it jokingly, but I liked it so much that I used it :))

]]> By: Mrs. Groovyhttps://www.campfirefinance.com/tales-from-the-crypto/#comment-1267 Wed, 14 Feb 2018 14:27:12 +0000 http://www.getrichquickish.net/?p=3137#comment-1267 I’ve got those nerves of steel PoF mentioned when it comes to our lithium stock (over $20K invested) but I run from digital currency. I just don’t understand how it’s valued as an investment. It’s like investing money on money. But, I am happy to learn about the cold digital wallet. That’s a smart move. Good luck!

]]> By: the Budget Epicureanhttps://www.campfirefinance.com/tales-from-the-crypto/#comment-1266 Wed, 14 Feb 2018 11:42:13 +0000 http://www.getrichquickish.net/?p=3137#comment-1266 Thanks for sharing your experience! My hubs has dabbled a bit, from what I gather it was a very complex buy process. But maybe he just didn’t like the waiting part
😛 what you bought could triple or halve in value before it actually got to you haha Best of luck long term! Hope we both bet on the right ponies. BTW great image! IDreamofFire did a fantastic job.

]]> By: Ty Robertshttps://www.campfirefinance.com/tales-from-the-crypto/#comment-1265 Tue, 13 Feb 2018 22:35:05 +0000 http://www.getrichquickish.net/?p=3137#comment-1265 In reply to Physician on FIRE.

It’s great to dream about what might have been re: striking it rich with Bitcoin, but I’m with you – I would have sold out LONG before the price ever reached a life changing number. Looking forward to joining you on the sidelines someday. 😀

]]> By: Physician on FIREhttps://www.campfirefinance.com/tales-from-the-crypto/#comment-1264 Tue, 13 Feb 2018 22:24:30 +0000 http://www.getrichquickish.net/?p=3137#comment-1264 It takes nerves of steel to ride that crypto coaster. Well, maybe not with a small percentage of your net worth, but $10,000 is nothing to sneeze at, either.

Sometimes I think, “What if I had bought some Bitcoin when I first heard about it years ago?” The answer is if I bought it at $1, I probably would have sold at $10 to lock in the 10-bagger. So I don’t lose any sleep over what could be seen as a missed opportunity.

Wishing you success and a turnaround in valuations. I’ll be watching from the sidelines.

Cheers!
-PoF

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