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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,117
Loc: Wind Turbine, AB
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Re: Investing $10,000 [Re: Gorlax]
#26939731 - 09/16/20 08:07 PM (3 years, 4 months ago) |
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At least it wasn't a frozen pizza.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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Re: Investing $10,000 [Re: Kelazam]
#26940347 - 09/17/20 08:48 AM (3 years, 4 months ago) |
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What do you guys think of the idea of investing 10k in crypto mining? I haven't worked out the cost of electricity yet so don't take that in to account
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,982
Loc: PNW
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Re: Investing $10,000 [Re: Kelazam]
#26940349 - 09/17/20 08:51 AM (3 years, 4 months ago) |
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I wouldn't recommend it
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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Re: Investing $10,000 [Re: budmanman]
#26940352 - 09/17/20 08:55 AM (3 years, 4 months ago) |
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How come? Ethereum Classic can be profitable if electricity costs are low
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lifeiswhatyoumake
Sake Psychic sig


Registered: 09/30/11
Posts: 16,779
Last seen: 24 minutes, 29 seconds
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Re: Investing $10,000 [Re: Shiithead]
#26940427 - 09/17/20 09:55 AM (3 years, 4 months ago) |
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Quote:
Shiithead said: Yourself. I'd get an education with it. You can make 10k every 3 to 4 months if you learn a trade.
This is a great answer. OP, I don't know how much you currently make with your job, but if you don't make much then it's wise to invest in some kind of schooling to get a good career and make bank...
-------------------- Check out my new psytrance track "Sake Psychic": https://www.youtube.com/watch?v=1xyEPGfiDrA ;
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Grungeman17



Registered: 05/06/09
Posts: 1,438
Loc: usa
Last seen: 5 minutes
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If you want to diversify and also have a hobby investment, sports card market. are up over like 200%+ Gold is expensive atm, if you can find one hi cap fire arms bought on sale or a good deal through the individual is an almost lock investment right now, with added tangibity, a shroom grow or weed frow if ypu know how to shut the fuck up can be a good in and out thing. I would go for some of these more tangible options. Like there are ALOT of opportunities outside the stock market on collectables , goods, equipmemt for services ypu could perform. Alot of avenues if one simply didnt want to risk there nest egg in the hands of other businesses. Not sayimg dont take a 1000. And see if you could make it stick there. The market guys on the shroomery are good. But tangibles baby. Back up the truck.
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Shiithead
Your Huckleberry



Registered: 04/05/13
Posts: 9,997
Loc: God's Flat Green Earth
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Plates are selling for twice or three times as much right now. Only one company really makes them so they have a bunch of orders they behind on. Normally takes 2 months for an order to be filled.
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Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Psalm 12:6 The words of the Lord are pure words: as silver tried in a furnace of earth, purified seven times. Hebrews 11:3 Through faith we understand that the worlds were framed by the word of God, so that things which are seen were not made of things which do appear. Revelation 3:11 Behold, I come quickly: hold that fast which thou hast, that no man take thy crown.
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tyrannicalrex
Strange R



Registered: 04/24/03
Posts: 38,331
Loc: subtropics
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Quote:
Ahab McBathsalts said: At least it wasn't a frozen pizza.
There's always a silver lining!
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Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,362
Loc: attending Snake Church
Last seen: 28 minutes, 15 seconds
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Quote:
Grungeman17 said: If you want to diversify and also have a hobby investment, sports card market. are up over like 200%+ Gold is expensive atm, if you can find one hi cap fire arms bought on sale or a good deal through the individual is an almost lock investment right now, with added tangibity, a shroom grow or weed frow if ypu know how to shut the fuck up can be a good in and out thing. I would go for some of these more tangible options. Like there are ALOT of opportunities outside the stock market on collectables , goods, equipmemt for services ypu could perform. Alot of avenues if one simply didnt want to risk there nest egg in the hands of other businesses. Not sayimg dont take a 1000. And see if you could make it stick there. The market guys on the shroomery are good. But tangibles baby. Back up the truck.
In my experience, sports cards have book value but are worth absolutely nothing when you try to sell them. If I still had my baseball cards from the 60's they would be valuable, but anything from the 80's on isn't.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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koods
Ribbit



Registered: 05/26/11
Posts: 106,317
Loc: Maryland/DC Burbs
Last seen: 8 minutes, 57 seconds
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Re: Investing $10,000 [Re: Ice9]
#27016727 - 11/02/20 04:33 AM (3 years, 3 months ago) |
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Quote:
Ice9 said:
Quote:
cannabinated said: idk how greenhouse gasses work
also weight is not mols dummy
I just happen to be a chemist, CO2 MW is 44.01 g/mol and SF6 146.06 g/mol, meaning that 300M number is even way lower ratio wise to CO2. This is why people focus on CO2 in climate change discussion, es there are tons of greenhoouse gasses, none compare to the amount of CO2 we produce,. Also thanks for making my argument and looking like a complete ass at the same time.
SF6 is so dense it would settle out of the atmosphere anyways
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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Shroomhunts
Hunter Gatherer



Registered: 05/07/18
Posts: 2,933
Loc: PA
Last seen: 1 day, 20 hours
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Re: Investing $10,000 [Re: koods]
#27016737 - 11/02/20 04:49 AM (3 years, 3 months ago) |
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If you bought BTC when you made this thread you'd be loaded rn like me :]
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      You never kno
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koods
Ribbit



Registered: 05/26/11
Posts: 106,317
Loc: Maryland/DC Burbs
Last seen: 8 minutes, 57 seconds
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One thing I’ve noticed about bitcoin traders is they never stay loaded for very long
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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Shroomhunts
Hunter Gatherer



Registered: 05/07/18
Posts: 2,933
Loc: PA
Last seen: 1 day, 20 hours
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Re: Investing $10,000 [Re: koods]
#27016816 - 11/02/20 06:22 AM (3 years, 3 months ago) |
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Only have about 10% of my assets in it so more of just play money. Definitely more growth potential than the big stocks tho.
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      You never kno
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koods
Ribbit



Registered: 05/26/11
Posts: 106,317
Loc: Maryland/DC Burbs
Last seen: 8 minutes, 57 seconds
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Bitcoin is not an asset people will flock to for safety. If things go south, bitcoin is going south too.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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christopera
Stranger


Registered: 10/13/17
Posts: 14,270
Last seen: 5 hours, 20 minutes
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BTC is a terrible investment, it's like "investing" in a vintage car. Except the vintage car is actually insured.
I have made insane money off of BTC over the years, but I got started when it was under $5 a coin, and I mined my first coins at $7 a coin. Those days are over. For the people still trying to use it as an investment, you are just a pawn in a game that is owned fewer and fewer people.
-------------------- Enjoy the process of your search without succumbing to the pressure of the result. A Dorito is pizza, change my mind. Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things I’m sorry it had to be me.
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Shroomhunts
Hunter Gatherer



Registered: 05/07/18
Posts: 2,933
Loc: PA
Last seen: 1 day, 20 hours
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I bought a few BTC when it crashed from the rona made alot of money eith not much effort. Dont really like investing in things like that prefer real estate been fixing n flipping houses for a good minute now, helps that I enjoy doing the work. If you got in the game when it was 7 a coin you should be a multi millionaire by now.
I'm young so for me success rn is owning my home and car, and having a retirement fund already. Hope to hit 7 figures someday but just happy to live comfortably when I came from poverty and debt.
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      You never kno
Edited by Shroomhunts (11/02/20 07:07 AM)
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christopera
Stranger


Registered: 10/13/17
Posts: 14,270
Last seen: 5 hours, 20 minutes
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I certainly didn't hold. I sold off when the $1300 crash happened. And because I didn't want to pay taxes I cashed out a lot of my BTC on physical goods along the way. I have owned lots of BTC since, I still own some, of which I have gained around 25% in value in the last few months. I will continue to use it for physical goods. My 401k has outperformed my BTC over the last few years.
-------------------- Enjoy the process of your search without succumbing to the pressure of the result. A Dorito is pizza, change my mind. Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things I’m sorry it had to be me.
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koods
Ribbit



Registered: 05/26/11
Posts: 106,317
Loc: Maryland/DC Burbs
Last seen: 8 minutes, 57 seconds
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Bitcoin is a technology and just like every technology before, it will be replaced by better technology. Bitcoin is to cryptocurrency like AOL is to the Internet.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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koods
Ribbit



Registered: 05/26/11
Posts: 106,317
Loc: Maryland/DC Burbs
Last seen: 8 minutes, 57 seconds
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Re: Investing $10,000 [Re: koods] 1
#27016942 - 11/02/20 07:23 AM (3 years, 3 months ago) |
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Buy the nicest home you can afford and drive the shittiest car that gets the job done. That’s how you accumulate wealth. People who get a little taste of those quick Bitcoin returns early on are probably screwed long term because responsible investing will never satisfy them.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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Asante
Mage


Registered: 02/06/02
Posts: 86,958
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Re: Investing $10,000 [Re: koods]
#27016954 - 11/02/20 07:31 AM (3 years, 3 months ago) |
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Quote:
koods said: Buy the nicest home you can afford and drive the shittiest car that gets the job done.
Sounds like sound advice.
-------------------- Omnicyclion.org higher knowledge starts here
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