Bitcoins?

[chestynuts]

Though Bitcoin is widely used by people these days for transactions. I don't think, it's still viable for investments.

[Rocco1235]

What would be a safer investment, Bitcoin or precious metals such as gold and silver?

[myrdale]

What would be a safer investment, Bitcoin or precious metals such as gold and silver?

Which would be a safer investment, horse racing or blackjack?

It is all a complete gamble. I wish I had bought $1000 of Bitcoin in 2012 or so and be a multimillionaire today, but I have no intention on touching it at this point.

Given your choices, I would say gold and silver is the "safest" investment, but they are more or less only going to grow with inflation. Bitcoin could triple overnight but then again, if they are ever hacked (forgive my ignorance) I would imagine they would instantaneously drop to $0.

[disneysteve]

Which would be a safer investment, horse racing or blackjack?

Blackjack for sure. The game has very clearly defined odds. When you sit down at the table, you know exactly what the house advantage is.

Horse racing is gambling in the true sense. The outcome can't be predicted or controlled in any way. Sure, there are horses with a history of being faster and others who are slower but on any given day in any given race, it's impossible to know how the race will turn out. Races happen so quickly that the slightest stumble or misstep can change the outcome, as can the weather or the track conditions or any other variables.

As for bitcoin or precious metals, the metals are certainly safer. They aren't a great investment but they are safer for sure.

[Tabs]

Another vote for blackjack. The odds are actually pretty good, so long as you don't stay too long at the table.

As for bitcoin, now there is a Federal probe that the bull run we saw earlier could be the result of illegal price manipulation. If so, it's likely that the high prices will not return anytime soon, as most fixers would have all long cashed out by now and gone into hiding.

Even if it's not so, technically, BTC is currently sitting on and testing the critical $6400 mark... for the third time... all the while trending downward... which if one is being objective, is not a good sign at all.

Still, the fact that it is $6400 at all, and not like... $640 or lower means there is still money in it. So, who knows from here? From a technical perspective though, the coming weeks and months is going to be interesting to watch... and critical for BTC. Fundamentally... I still maintain there is not much there to begin with.

[JBinKC]

The crypto space obviously was a good fundamental speculation when India confiscated its large bills leaving a void for the criminal element to transact. Couple that with currency issues in Venezuela and Zimbabwe have it some demand which eventually ballooned when the momentum crowd piled in.

The second bitcoin went to Wall Street obviously the gig was up. Giving control to an agent that is a promoter of the fiat system the price will certainly be controlled to undermine it in order to empower the central banks (ask any gold speculator).

From the point of the central bank they only have interest in cryptos from a technology point of view they the eventually will implement themselves. If you can digitize money you would leave a permanent money trail, a way to turn it on and off as a threat to be obedient and embark on a negative interest rate policy should the need require it in a weak economy.

[Rocco1235]

Which would be a safer investment, horse racing or blackjack?

It is all a complete gamble. I wish I had bought $1000 of Bitcoin in 2012 or so and be a multimillionaire today, but I have no intention on touching it at this point.

Given your choices, I would say gold and silver is the "safest" investment, but they are more or less only going to grow with inflation. Bitcoin could triple overnight but then again, if they are ever hacked (forgive my ignorance) I would imagine they would instantaneously drop to $0.

Ok thank you for the answer! Good thing I just bought some silver bars friday during that huge dip! Hopefully it'll end up being a good investment!

[PierceFerdy]

Personally, the times where Bitcoin were a solid investment - if you could even call it such a thing - are well behind us. It's far too volatile and on a fairly steady downward trajectory.

Even if you could make the case for throwing some cash at it and turning those graphics cards into bitcoin mining machines, i'm sure there are a million other options that would come before it.

That, and it's an environmental, power-draining mess of a thing. Surprised it's lasted this long. But heck, who knows it would have been the thing it was, even if fleeting - maybe i'll be eating my forum-posting words in another five years. At this stage, though, i doubt it.