General Discussion

Gore1FL

(22,895 posts)

27. Full disclosure

Fri Feb 6, 2026, 10:51 PM

Friday

For giggles I invested about $1000 into a bitcoin fund once and ultimately made about 20%. During the brief time I had it, Elon Musk said about 6-7 stupid things that flung the price around, mostly down. I sold when it climbed again and pretty much said "never again."

I guess had I kept it for a longer term I'd have made a bit of money, but I really don't like investing it make-believe. Bitcoin isn't different than the NFT idiocy except that it ate energy and didn't come with a picture or whatever.

I look forward to the nonsense ending. “Our BTC price target is 0.0.” What a lovely phrase.

Click here to purchase valentine hearts!

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Liberal In Texas

44 replies

= new reply since forum marked as read

Highlight:

As Crash Deepens, Investors Say Bitcoin Is Headed for Zero Dollars [View all] highplainsdem Friday OP

"Farr also criticized the token for being damaging to the environment" YES YES YES!!!!!! AZJonnie Friday #1

Most cryptocurrency does NOT use mining... WarGamer Friday #4

You're correct, I'm mainly ranting about PoW schemes vs. newer PoS ones AZJonnie Friday #16

I get you on crypto. The currency of choice for smugglers, traffickers and terrorists the world over. paleotn Friday #18

Is Bitcoin getting shorted? OAITW r.2.0 Friday #2

I think blind greed backed it, no? NoSheep Friday #20

Stupidity Aviation Pro Friday #23

Like Any Financial Thingy modrepub Friday #25

I'm no financial wizard. But OAITW r.2.0 Friday #28

My younger brother's BD was Oct. 6. OAITW r.2.0 Friday #29

I saw a similar article yesterday... Hugin Friday #3

false. the largest holder of BTC holds 5.5% and hasn't been touched since 2010 WarGamer Friday #5

I'm only repeating what the article said... Hugin Friday #26

any source that claims 60% of BTC is owned by one entity can't be believed about anything WarGamer Yesterday #37

It didn't say owned... Hugin Yesterday #39

100% false. That's what i proved earlier. WarGamer Yesterday #40

Trump's family got out a month ago. Captain Zero Friday #6

When we go to hard lee come about in dominant SE winds.... OAITW r.2.0 Friday #31

*pretends to be surprised* sakabatou Friday #7

A friend has 3 bitcoin at an average price of $1500. CrispyQ Friday #8

She should have sold @$90K. ColoringFool Friday #9

I knew a "libertarian"-type dude (who was never a Trump supporter) cojoel Friday #10

The thing I remember reading about *rump bankrupting casinos was that he made millions on them personally Uncle Joe Friday #11

Oh bronxiteforever Friday #12

I've never understood why something communally owned (prime numbers) dickthegrouch Friday #13

Zero seems like fair value. surfered Friday #14

It's gambling. Nothing behind it at all. Joinfortmill Friday #15

"Bad Money Drives Out Good." BurnDoubt Friday #17

Mining it requires copious amounts of energy and water. ToxMarz Friday #19

Now you can buy Boardwalk OR Park Place, but not both. Orrex Friday #21

It was always a ponzi scheme built on theoretical sand. Ford_Prefect Friday #22

Tulips cate94 Friday #24

Full disclosure Gore1FL Friday #27

There are a lot of artificial inputs into the Cyrptoverse. OAITW r.2.0 Friday #34

I agree. Gore1FL Friday #35

That's a feature! OAITW r.2.0 Friday #36

Crypto... A volatile, unstable, wishful 'currency' with no assets or gov't support backing it. Norrrm Friday #30

It's always interesting the folks who are into crypto. BannonsLiver Friday #33

Will be buying XRP here and masmdu Friday #32

I'm hoping for a 1929-1933 redux. roamer65 Yesterday #38

It does the same thing every 3-4 years awesomerwb1 Yesterday #41

It's up about 5% since Richard Farr's pronouncement. LudwigPastorius Yesterday #42

Bitcoin is 2 years older than the iphone. Old Crank Yesterday #43

There certainly are jmowreader 23 hrs ago #44