How far will bitcoin and other cryptos fall?
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@momurda said in How far will bitcoin and other cryptos fall?:
Will you invest in my cyber weed cryptomining company? I swear i will make a product one day, i just need your money.
No, I buy bitcoin, sorry.
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You need to remember there are corrections, and panic sales. Panic sales are going to drop a price to a low amount, which is then followed by a correction. Don't focus on day trading unless you are investing tens of thousands. Otherwise you'll not see any noticeable returns.
Bitcoin is going to be viable for probably another couple years. Other block chains will directly compete with the Bitcoin block chain (block chains are hot for many reasons with being decentralized/ledgers, very fast to transfer money between organizations... Talking millions of transactions in seconds or minutes).
But Bitcoin is going to eventually fall to other tech because of its limitations with performance and scalability. You'll see Ethereum rise, but not to the same amount. I think we'll see few top what Bitcoin ever has or will. There will likely be something out of left field that might get to those levels, or possibly break it, but I don't believe it is anything currently out or even being thought about right now. Think of block chain as 1.0, how could Quantum computing ever change that? The next step is 2.0, probably 5-10 years away for whatever beats Bitcoin's top dollar.
Even though Ethereum was hacked (now ETC... Ethereum Classic), hacks happen in this game. ETH (Ethereum) will continue to climb. It's likely it'll get to about $6k and fall significantly over time. Realistically, it could probably get to $8k for top dollar.
Also keep in mind criminal activity being used to trade Dash and Monero. Criminals need money on the Deep Web to trade for their kiddy porn. Dash jumped up, but Monero won't rise for probably another year, maybe less.
Bottom line, it's all gambling. I watch the market, and traded a little bit. I made a small amount of money and stopped. I am not much for gambling and even less about obsessing on prices and when to buy/sell. I got too far into it and didn't like how much attention I was giving the whole process.
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@momurda said in How far will bitcoin and other cryptos fall?:
Will you invest in my cyber weed cryptomining company? I swear i will make a product one day, i just need your money.
You'd be surprised how many people invest thousands of dollars into "coins" that dont even have website or active development. It takes about 30 seconds to check these things. Then people who invest complain that they bought a scam coin. If you are too stupid to buy something without taking a few minutes to verify your authenticity, there is not enough government regulation in the world to keep you from being a fuck up.
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Ha...
Meanwhile my 401k and WealthFront investments are skyrocketing!
At this point in the Bitcoin lifecycle... I'd say it's better to leave that crap behind (unless you are an early investor, I'd say to sell after this dip), and go stocks instead.
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@tim_g said in How far will bitcoin and other cryptos fall?:
Ha...
Meanwhile my 401k and WealthFront investments are skyrocketing!
At this point in the Bitcoin lifecycle... I'd say it's better to leave that crap behind (unless you are an early investor, I'd say to sell after this dip), and go stocks instead.
There is a post of me on spiceworks back in like 2013 talking alot of shit about bitcoin and other crypto. I thought it was BS for the longest time, and it may still be BS. I dont care as long as you can make money off the BS. The fact of the matter is you cannot make the same amount of returns anywhere else. Yes you could lose your shirt just as easy, but it is much much easier to turn several hundred into thousands with crypto vs stocks. I will be the first to admit I was wrong.
There seems to be alot of bitter people who didnt get involved early in crypto who just constantly bash it ( I was one of them). It's hard to compare crypto with stocks. They have alot of similarities, but there are also alot of differences. You dont have to be a financial guru to make great returns with crypto, and I am definitely not a financial guru. Also, it is extremely cheap to get started. You can start out with as little as $20 to $50. Maybe it is a poor man's stock game, but as long as you can make some profit what else matters?
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@irj said in How far will bitcoin and other cryptos fall?:
You can start out with as little as $20 to $50. Maybe it is a poor man's stock game, but as long as you can make some profit what else matters?
This. Again, if you just look at it as a hobby, it can be quite fun, and be low stress if you kept your initial investments low.
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@irj said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
Ha...
Meanwhile my 401k and WealthFront investments are skyrocketing!
At this point in the Bitcoin lifecycle... I'd say it's better to leave that crap behind (unless you are an early investor, I'd say to sell after this dip), and go stocks instead.
There is a post of me on spiceworks back in like 2013 talking alot of shit about bitcoin and other crypto. I thought it was BS for the longest time, and it may still be BS. I dont care as long as you can make money off the BS. The fact of the matter is you cannot make the same amount of returns anywhere else. Yes you could lose your shirt just as easy, but it is much much easier to turn several hundred into thousands with crypto vs stocks. I will be the first to admit I was wrong.
There seems to be alot of bitter people who didnt get involved early in crypto who just constantly bash it ( I was one of them). It's hard to compare crypto with stocks. They have alot of similarities, but there are also alot of differences. You dont have to be a financial guru to make great returns with crypto, and I am definitely not a financial guru. Also, it is extremely cheap to get started. You can start out with as little as $20 to $50. Maybe it is a poor man's stock game, but as long as you can make some profit what else matters?
I never said you can't make money from Bitcoin. I know you can. There are lots of bad ways to make money, and lots of bad ways to lose money. The method is up to each person. Personally, I'd rather deal with real money.
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@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
Ha...
Meanwhile my 401k and WealthFront investments are skyrocketing!
At this point in the Bitcoin lifecycle... I'd say it's better to leave that crap behind (unless you are an early investor, I'd say to sell after this dip), and go stocks instead.
There is a post of me on spiceworks back in like 2013 talking alot of shit about bitcoin and other crypto. I thought it was BS for the longest time, and it may still be BS. I dont care as long as you can make money off the BS. The fact of the matter is you cannot make the same amount of returns anywhere else. Yes you could lose your shirt just as easy, but it is much much easier to turn several hundred into thousands with crypto vs stocks. I will be the first to admit I was wrong.
There seems to be alot of bitter people who didnt get involved early in crypto who just constantly bash it ( I was one of them). It's hard to compare crypto with stocks. They have alot of similarities, but there are also alot of differences. You dont have to be a financial guru to make great returns with crypto, and I am definitely not a financial guru. Also, it is extremely cheap to get started. You can start out with as little as $20 to $50. Maybe it is a poor man's stock game, but as long as you can make some profit what else matters?
I never said you can't make money from Bitcoin. I know you can. There are lots of bad ways to make money, and lots of bad ways to lose money. The method is up to each person. Personally, I'd rather deal with real money.
But you aren't, you're dealing in stocks.
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@fuznutz04 said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
You can start out with as little as $20 to $50. Maybe it is a poor man's stock game, but as long as you can make some profit what else matters?
This. Again, if you just look at it as a hobby, it can be quite fun, and be low stress if you kept your initial investments low.
I started out with $50 and played with it like I had $50k. I pretended like 3% losses/gains were significant. It was great practice.
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@irj said in How far will bitcoin and other cryptos fall?:
@fuznutz04 said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
You can start out with as little as $20 to $50. Maybe it is a poor man's stock game, but as long as you can make some profit what else matters?
This. Again, if you just look at it as a hobby, it can be quite fun, and be low stress if you kept your initial investments low.
I started out with $50 and played with it like I had $50k. I pretended like 3% losses/gains were significant. It was great practice.
Good strategy.
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I made 75% increase on flashcoin in about 4 hours!!! I literally looked at what took the lowest hit and bought it at absolute low. Bought around lunchtime and sold for 75% increase
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@irj said in How far will bitcoin and other cryptos fall?:
I made 75% increase on flashcoin in about 4 hours!!! I literally looked at what took the lowest hit and bought it at absolute low. Bought around lunchtime and sold for 75% increase
How many actual dollars have you made so far with cryptocurrency... dollars you've spent on cryptocurrency vs dollars you've gotten back so far?
For example, if you spent $100 on cryptocurrencies, and it doubled, but you've only converted $5 of it back to actual dollars... the answer is none... you're still negative $95. That's the number I'm interested in.
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@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
I made 75% increase on flashcoin in about 4 hours!!! I literally looked at what took the lowest hit and bought it at absolute low. Bought around lunchtime and sold for 75% increase
How many actual dollars have you made so far with cryptocurrency... dollars you've spent on cryptocurrency vs dollars you've gotten back so far?
For example, if you spent $100 on cryptocurrencies, and it doubled, but you've only converted $5 of it back to actual dollars... the answer is none... you're still negative $95. That's the number I'm interested in.
Bitter much? I mean come on man.... You laughed at me for buying in a shit market a couple hours ago.
If you most know, zero actual dollars. I pulled my $50 investment out, but now I own crypto currency that you are gonna say is worth nothing. However, I believe that is wrong.
Although, you do have a point, I made a lot of money and got a little greedy when it pumps. I probably should have took more put, but my initial investment is still 10x in crypto value.
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@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
I made 75% increase on flashcoin in about 4 hours!!! I literally looked at what took the lowest hit and bought it at absolute low. Bought around lunchtime and sold for 75% increase
How many actual dollars have you made so far with cryptocurrency... dollars you've spent on cryptocurrency vs dollars you've gotten back so far?
For example, if you spent $100 on cryptocurrencies, and it doubled, but you've only converted $5 of it back to actual dollars... the answer is none... you're still negative $95. That's the number I'm interested in.
It's not negative either, until he pulls it out.
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@irj said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
I made 75% increase on flashcoin in about 4 hours!!! I literally looked at what took the lowest hit and bought it at absolute low. Bought around lunchtime and sold for 75% increase
How many actual dollars have you made so far with cryptocurrency... dollars you've spent on cryptocurrency vs dollars you've gotten back so far?
For example, if you spent $100 on cryptocurrencies, and it doubled, but you've only converted $5 of it back to actual dollars... the answer is none... you're still negative $95. That's the number I'm interested in.
Bitter much? I mean come on man.... You laughed at me for buying in a shit market a couple hours ago.
If you most know, zero actual dollars. I pulled my $50 investment out, but now I own crypto currency that you are gonna say is worth nothing. However, I believe that is wrong.
Although, you do have a point, I made a lot of money and got a little greedy when it pumps. I probably should have took more put, but my initial investment is still 10x in crypto value.
And that value is based on what you can pull out. Otherwise, the logic would say that any money you keep in a bank is worth nothing.
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@irj said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
I made 75% increase on flashcoin in about 4 hours!!! I literally looked at what took the lowest hit and bought it at absolute low. Bought around lunchtime and sold for 75% increase
How many actual dollars have you made so far with cryptocurrency... dollars you've spent on cryptocurrency vs dollars you've gotten back so far?
For example, if you spent $100 on cryptocurrencies, and it doubled, but you've only converted $5 of it back to actual dollars... the answer is none... you're still negative $95. That's the number I'm interested in.
Bitter much? I mean come on man.... You laughed at me for buying in a shit market a couple hours ago.
If you most know, zero actual dollars. I pulled my $50 investment out, but now I own crypto currency that you are gonna say is worth nothing. However, I believe that is wrong.
Although, you do have a point, I made a lot of money and got a little greedy when it pumps. I probably should have took more put, but my initial investment is still 10x in crypto value.
No, that's not how I've meant it. For example, I'm negative LOTs of money with 401k and other investments because they aren't actually dollars yet.
It's merely out of curiosity.
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@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
I made 75% increase on flashcoin in about 4 hours!!! I literally looked at what took the lowest hit and bought it at absolute low. Bought around lunchtime and sold for 75% increase
How many actual dollars have you made so far with cryptocurrency... dollars you've spent on cryptocurrency vs dollars you've gotten back so far?
For example, if you spent $100 on cryptocurrencies, and it doubled, but you've only converted $5 of it back to actual dollars... the answer is none... you're still negative $95. That's the number I'm interested in.
It's not negative either, until he pulls it out.
It is, his bank account is now $95 less than it was before he bought (in that example), because he spent $100 of it, and put $5 back later. Of course, now in cryptocurrencies, he's at $195 worth, which I get. But that's not my question.
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@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
I made 75% increase on flashcoin in about 4 hours!!! I literally looked at what took the lowest hit and bought it at absolute low. Bought around lunchtime and sold for 75% increase
How many actual dollars have you made so far with cryptocurrency... dollars you've spent on cryptocurrency vs dollars you've gotten back so far?
For example, if you spent $100 on cryptocurrencies, and it doubled, but you've only converted $5 of it back to actual dollars... the answer is none... you're still negative $95. That's the number I'm interested in.
Bitter much? I mean come on man.... You laughed at me for buying in a shit market a couple hours ago.
If you most know, zero actual dollars. I pulled my $50 investment out, but now I own crypto currency that you are gonna say is worth nothing. However, I believe that is wrong.
Although, you do have a point, I made a lot of money and got a little greedy when it pumps. I probably should have took more put, but my initial investment is still 10x in crypto value.
No, that's not how I've meant it. For example, I'm negative LOTs of money with 401k and other investments because they aren't actually dollars yet.
It's merely out of curiosity.
Dollars aren't magic, though. That value is just as valid when it is a bond, equity, currency, etc.
One could, in fact, argue that dollars have no value and only BitCoin does and dollars can't be valued until you turn them into BitCoin. It's all arbitrary goods and the value is what the value is regardless of media.
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@tim_g said in How far will bitcoin and other cryptos fall?:
@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
I made 75% increase on flashcoin in about 4 hours!!! I literally looked at what took the lowest hit and bought it at absolute low. Bought around lunchtime and sold for 75% increase
How many actual dollars have you made so far with cryptocurrency... dollars you've spent on cryptocurrency vs dollars you've gotten back so far?
For example, if you spent $100 on cryptocurrencies, and it doubled, but you've only converted $5 of it back to actual dollars... the answer is none... you're still negative $95. That's the number I'm interested in.
It's not negative either, until he pulls it out.
It is, his bank account is now $95 less than it was before he bought (in that example), because he spent $100 of it, and put $5 back later. Of course, now in cryptocurrencies, he's at $195 worth, which I get. But that's not my question.
Actually that's not true. He just moved value from one bank account to another bank account. The total value is still the same.
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@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
I made 75% increase on flashcoin in about 4 hours!!! I literally looked at what took the lowest hit and bought it at absolute low. Bought around lunchtime and sold for 75% increase
How many actual dollars have you made so far with cryptocurrency... dollars you've spent on cryptocurrency vs dollars you've gotten back so far?
For example, if you spent $100 on cryptocurrencies, and it doubled, but you've only converted $5 of it back to actual dollars... the answer is none... you're still negative $95. That's the number I'm interested in.
Bitter much? I mean come on man.... You laughed at me for buying in a shit market a couple hours ago.
If you most know, zero actual dollars. I pulled my $50 investment out, but now I own crypto currency that you are gonna say is worth nothing. However, I believe that is wrong.
Although, you do have a point, I made a lot of money and got a little greedy when it pumps. I probably should have took more put, but my initial investment is still 10x in crypto value.
No, that's not how I've meant it. For example, I'm negative LOTs of money with 401k and other investments because they aren't actually dollars yet.
It's merely out of curiosity.
Dollars aren't magic, though. That value is just as valid when it is a bond, equity, currency, etc.
One could, in fact, argue that dollars have no value and only BitCoin does and dollars can't be valued until you turn them into BitCoin. It's all arbitrary goods and the value is what the value is regardless of media.
Well yeah, currency is only as valuable as what you can do with it.
One could say they could exchange a dollar for a loaf of bread at the store, but not with a bitcoin... making the bitcoin valueless.
One could also say they could buy some drugs online with their bitcoin, but not with a dollar, making the dollar valueless.
