Is Cryptocurrency Now The Hottest Niche To Venture Into?

by amuro
137 replies
  • OFF TOPIC
  • |
Hi, I don't mean to sidetrack since this forum is only for IM discussions.

But the reason I am still asking this is because many of my friends on Facebook and offline are now talking about it since late last year in November.

Also got invited to a seminar preview with free buffet in my local area that same month.

Was not entirely convinced and went for 4 other previews before finally investing $300 USD which really was peanuts compared to other attendees who invested in $2000, $5000 or even $10K and beyond since they are mostly CEOs, managing directors and top professionals.

Some of you may agree while others may disagree.

But the way I see it -

Despite the government's restrictions as you may have read in Bolivia, China, Korea and Saudi Arabia, I see it as possible salvation to most people money woes.

Right now at the time of writing this, Cryptocurrency is very similar to what internet was during the Y2K days.

Or even when internet marketing started.

Despite the Dotcom burst after which most people dismissed internet marketing as BS, those people also felt the same way about Crypto when it crashed.

Not because the market was not doing well.

But because those governments in the abovementioned countries and probably more to come are putting to what they see as "Crypto-Fraud"

The CEO of JP Morgan also threatened to dismiss any of his staff members if they are caught trading in Cryptos in and even outside office which he saw as "conflict of interest against what the company stood for"

Since 2008 Global Financial Crisis, people began to lose faith in banks, governments and even traditional investments like properties, stocks and even Forex. Am very emotional as my late dad was one of them.

Before I get too carried away, I like to ask if Cryptocurrency is a great niche to go into?

Besides the usual MMO, personal development and health niches we already are well-familiar with?
#cryptocurrency #hottest #niche #venture
Avatar of Unregistered
  • Profile picture of the author whateverpedia
    I believe that you've missed the boat. The time to get involved in digital assets was in 2016, ie before they had their spectacular rise in 2017. As soon as people with no experience in investing started proclaiming that the price of bitcoin was going to rise to a million dollars each, the jig was up.

    Please note also that I referred to them as digital assets and not cryptocurrencies, as they will never be classed as real currencies anywhere. Ask anyone to define what a currency is, and you'll get back answers such as a) a store of wealth, or b) amedium that can be used in exchange for goods and/or services. These are true, however they miss the point as to why cash is acceptable for either a) and/or b), and that is that cash is the only acceptable way you can pay your taxes.

    The fact that cash can be used to pay taxes is the reason why it's also a useful medium to exchange for goods/services. There is no way any government anywhere is going to accept bitcoins, ethereum, litecoins or whattycoins for tax payments.

    All that aside, blockchain technology is the real revolution. It may well be the way that all financial transactions are conducted in the future, but using real currencies and not digital assets. It also can be used for other apllications as well. Already there are companies springing up using blockchains in biotech, logistics, copyright, and others. Also well established businesses are investigating how they can use blockchains to conduct their business.

    For what it's worth, my opinion is to focus on blockchain technology, and forget about digital assets. That ship has already sailed.
    Signature
    Why do garden gnomes smell so bad?
    So that blind people can hate them as well.
    {{ DiscussionBoard.errors[11326443].message }}
    • Profile picture of the author nowservingpixels
      Originally Posted by whateverpedia View Post

      I believe that you've missed the boat. The time to get involved in digital assets was in 2016, ie before they had their spectacular rise in 2017. As soon as people with no experience in investing started proclaiming that the price of bitcoin was going to rise to a million dollars each, the jig was up.
      Pretty much agree with this. The people getting involved now are average Joe's looking to get rich quick with little-to-no effort. At this point the real opportunity is in selling crypto-related products and services to those people.
      {{ DiscussionBoard.errors[11330712].message }}
      • Profile picture of the author hardraysnight
        Originally Posted by nowservingpixels View Post

        Pretty much agree with this. The people getting involved now are average Joe's looking to get rich quick with little-to-no effort. At this point the real opportunity is in selling crypto-related products and services to those people.
        sounds just like IM
        {{ DiscussionBoard.errors[11330839].message }}
  • Profile picture of the author MeelisM
    You went to a seminar with free buffet and invested $300 USD, with others investing thousands? What exactly did you invest in?

    Sounds like a MLM scheme package you bought into, not a crypto asset. Why would anyone sell crypto assets at a seminar?

    Also, don't listen to whateverpedia. I have been using cryptocurrencies since 2012 and have been keeping my eye on the crypto technology and business sector. We are nowhere near the top. 2017 was just one of the spectacular rises in the history of bitcoin since 2009, followed by a drop of ~70% from All Time High. Just like 10x it has happened before.

    The only difference with the drop in value in the beginning of this year is that cryptos are finally in the mainstream and are being talked about everywhere.

    When BTC from $260 to $45 in 2013 it was a drop of 80% in value.
    When BTC dropped from All time high of $1160 to a low of $152 it was a drop of 87%.

    Came back every time.

    Nothing special about this drop and the snowball is only getting bigger and bigger.

    We are in accumulation time right now. Don't spend more money than you can afford to lose, but the wise thing to do is to get as many crypto assets for discounts right now, before the new boom comes upon us. It's only a matter of time until the prices start bubbling up again.

    And then we crash again. It's been happening over and over again for 10 years, it's just been getting to a bigger magnitude every time.

    {{ DiscussionBoard.errors[11326453].message }}
    • Profile picture of the author MONEYKILLER2012
      Originally Posted by MeelisM View Post

      You went to a seminar with free buffet and invested $300 USD, with others investing thousands? What exactly did you invest in?

      Sounds like a MLM scheme package you bought into, not a crypto asset. Why would anyone sell crypto assets at a seminar?

      Also, don't listen to whateverpedia. I have been using cryptocurrencies since 2012 and have been keeping my eye on the crypto technology and business sector. We are nowhere near the top. 2017 was just one of the spectacular rises in the history of bitcoin since 2009, followed by a drop of ~70% from All Time High. Just like 10x it has happened before.

      The only difference with the drop in value in the beginning of this year is that cryptos are finally in the mainstream and are being talked about everywhere.

      When BTC from $260 to $45 in 2013 it was a drop of 80% in value.
      When BTC dropped from All time high of $1160 to a low of $152 it was a drop of 87%.

      Came back every time.

      Nothing special about this drop and the snowball is only getting bigger and bigger.

      We are in accumulation time right now. Don't spend more money than you can afford to lose, but the wise thing to do is to get as many crypto assets for discounts right now, before the new boom comes upon us. It's only a matter of time until the prices start bubbling up again.

      And then we crash again. It's been happening over and over again for 10 years, it's just been getting to a bigger magnitude every time.

      Thanks, that's very true, I have been in the crypto since 2012. Joined minings, trading platforms, buy and sell btc, but it got better when I lost all my investments. But you are very right, and the idea of investing at a seminar is not ideal, doesn't sound like btc.

      He just need to be careful, some top guys are alreasy in the scamming team, so they will begin to pop up big monies to make sure people who are there, are captured.
      {{ DiscussionBoard.errors[11346697].message }}
  • Profile picture of the author OptedIn
    If you mean, "Hot" as in a steaming pile of poo, then yes!

    Presently there is no larger scam being perpetrated on planet Earth.

    New currencies are being launched weekly and they are all scams.

    Watch this:

    Signature

    "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

    {{ DiscussionBoard.errors[11326758].message }}
    • Profile picture of the author MeelisM
      I do agree that there are a lot of scams and projects based solely on hype.
      However, the technology itself is very beneficial to humanity and there are some projects that will change the way we live.

      Along with creating value there will be massive wealth made to both the project founders, developers and the early backers.

      It's an interesting time to live in and i advise everyone to look at the whole crypto scene with open eyes.

      Also be very catious on what tokens you buy and look at everything with your best pair of skeptic glasses.
      {{ DiscussionBoard.errors[11326824].message }}
    • Profile picture of the author IGotMine
      Originally Posted by OptedIn View Post

      Watch this:
      That's funny!

      I have a cryptocurrency I call "DaveDollars." It's current value is $12,452.19 each. I predict by 2018 year end, it will triple in value.

      If you can convince others it has value and get them to give you real money for it, you will get rich quickly. Just make up some cool, techy sounding buzz words and you should have no problem unloading it.

      Dropping some celebrity names and large investment entities can't hurt either.

      "DaveDollars" will revalotionize the entire planet so get in now!!

      {{ DiscussionBoard.errors[11327765].message }}
      • Profile picture of the author tagiscom
        Originally Posted by IGotMine View Post

        That's funny!

        I have a cryptocurrency I call "DaveDollars." It's current value is $12,452.19 each. I predict by 2018 year end, it will triple in value.

        If you can convince others it has value and get them to give you real money for it, you will get rich quickly. Just make up some cool, techy sounding buzz words and you should have no problem unloading it.

        Dropping some celebrity names and large investment entities can't hurt either.

        "DaveDollars" will revalotionize the entire planet so get in now!!

        Once its current value is .00001, l will get in now!!

        {{ DiscussionBoard.errors[11327785].message }}
  • Profile picture of the author Tony LaRocco
    Yeah, missed the boat by a year though. A friend of mine is making a killing as a crypto affiliate. He started in late 2016 though.
    {{ DiscussionBoard.errors[11326818].message }}
    • Profile picture of the author OptedIn
      Originally Posted by Tony LaRocco View Post

      Yeah, missed the boat by a year though.
      That's OK. It'll be sinking soon.
      Signature

      "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

      {{ DiscussionBoard.errors[11326845].message }}
    • Profile picture of the author MeelisM
      Haha. Funny to read this.

      This kind of posts have been written since ~2012. You're late a year. You should have started earlier.

      It's not the year that counts, but your attitude. Still a killing to be made off of all this hype + tech
      {{ DiscussionBoard.errors[11326874].message }}
      • Profile picture of the author Odahh
        Originally Posted by MeelisM View Post

        Haha. Funny to read this.

        This kind of posts have been written since ~2012. You're late a year. You should have started earlier.

        It's not the year that counts, but your attitude. Still a killing to be made off of all this hype + tech
        ok so i am starting to agree with you.. bitcoin is great if you can sit on what you buy the next ten year and get use to these rapid devaluations to buy on the lower side .

        you se though there are a lot of people hoping to cash out on a big run and retire on .. which is foolish because those people tend to buy while it is near the high and give up and sell on the lows ..

        blockchain or the next version hashgraph or the development .. and wide scale acceptance and use .. over the next 10 years as we shift to a more and more networked world and it becomes common for places to accept cryptocurrency ..

        i remember=ber the dot come boom .. but the early over investment in capacity made the rapid pace of globalization far more possible .. and the web ended up bigger than most projections .
        {{ DiscussionBoard.errors[11328178].message }}
  • It is certainly still worth working on, but if the program is not free, run like the plague.
    Signature
    ♦ HighPayingPrograms.com - 100% free super high paying programs. Make up to $10,000+ per deal & lifetime revenue share.
    {{ DiscussionBoard.errors[11326822].message }}
  • Profile picture of the author DWolfe
    Originally Posted by amuro View Post


    Was not entirely convinced and went for 4 other previews before finally investing $300 USD which really was peanuts compared to other attendees who invested in $2000, $5000 or even $10K and beyond since they are mostly CEOs, managing directors and top professionals. Big Flag !
    Sounds like an ICO you invested in, if you did you most likely going to loose money. Since most created last year are in deep do do.

    As far as getting in something like light coin, ripple or ether are good ones, most have no utility. Only thing bitcoin is good for is to sell an invest in smaller ones. That is if you made a profit with it. Ripple works with banks and has been signed by several in Asia and one of the Middle Eastern country's. Stability has to be estabilshed or the coins will be annoyed.

    Only invest in what you can afford to loose. No more than $200.00 to $400.00 one famous crypto extra recommends. Once you get your orginial price back with some small profit, yank your initial deposits out. Might as well break even or gain some than lose.

    Thats just an opinion and thats all it should be. Due your own Dillgence !!
    Signature


    You can earn 10% average annual returns on your investments - https://app.groundfloor.us/r/m2aa7b
    {{ DiscussionBoard.errors[11326847].message }}
  • Profile picture of the author Plutorial
    Like several others here, my belief is that you're a little late mate. The best time to have gone into things would've been 2016 to early 2017 when everything was still cheap, and confidence was only starting to build. Right now, cryptocurrency (especially the main few like BTC, LTC, and ETH) are extremely overpriced, resulting in the recent bubble.

    However, having said that, there's probably no way these currencies would ever drop to where it was 1 year ago again, and the best chance you've got is to catch it at a decent price (compared against the prices now, not 1 year back). In my personal and humble opinion, it doesn't quite matter if certain countries oppose crypto because the whole point of it was to become a decentralized currency that no 1 party ever holds full control over.

    In a recent summit, many financial institutes as well have expressed their negativity at crypto, claiming that having a virtual currency with no regulated control is as good as holding onto air - that it isn't going to work and you'll be buying into something that has no stability or reliability. Ironically, the fact that they've expressed their negative opinions at crypto did highlight one thing: the financial institutes ARE afraid of it and crypto goes against their interests (of having currency they can manipulate easily to make profits). Crypto in my opinion is going to be the future of the world, just perhaps not founding coins like Bitcoin or Litecoin, which may become obsolete as things progress.
    {{ DiscussionBoard.errors[11328931].message }}
  • Profile picture of the author tagiscom


    Geesh the nonsense here, you have missed it, too late, blah, blah, just sounds like a lot of investors here Want the price to go up, (or are convincing themselves that it will.

    The chart shows that it is going up and down, (like most stocks do) but it also shows that it is gong down overall.

    If it has a huge drop, like it recently did, (19k to 6) then it will baseline, or go past that, or go back to 2013 levels.

    So, no, if the wave crashes this year, then the pigs get slaughtered, (stock market term) and the bulls move in.

    So we havn't missed anything, just as long as we keep our money on standby, and wait.

    {{ DiscussionBoard.errors[11329172].message }}
    • Profile picture of the author hardraysnight
      Originally Posted by tagiscom View Post


      So, no, if the wave crashes this year, then the pigs get slaughtered, (stock market term) and the bulls move in.


      sell the bitcoin and buy a farm
      {{ DiscussionBoard.errors[11329326].message }}
      • Profile picture of the author tagiscom
        Originally Posted by hardraysnight View Post

        sell the bitcoin and buy a farm
        I would rather sell my Tulip stocks and buy,........geckosystems corp, a dog without fleas is a good thing.

        {{ DiscussionBoard.errors[11329374].message }}
    • Profile picture of the author MeelisM
      It's going down overall?



      Note: Price in 2009: $0, Price in 2010 $0.003.

      Tell me again how the price is dropping overall.

      These dips have no importance in the long run. The pricedrops only matter to people who try to make fast money and live in dreamland, thinking that their money will grow 10x in one day every day. In other words the drop only seems like it matters to people who have no real understanding of cryptocurrencies.

      The real profits are long term.
      {{ DiscussionBoard.errors[11330203].message }}
      • Profile picture of the author OptedIn
        Originally Posted by MeelisM View Post

        The real disaster is long term.
        Edited for accuracy.
        Signature

        "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

        {{ DiscussionBoard.errors[11330215].message }}
        • Profile picture of the author MeelisM
          Yap. Disaster is going from $0.003 to $8000 in 8 years. What a freaking disaster That's just a rise in value of 2,4 million times. What a disaster.

          An USD losing it's value every day is way better
          {{ DiscussionBoard.errors[11330227].message }}
          • Profile picture of the author OptedIn
            Originally Posted by MeelisM View Post

            What a disaster.
            Hang in there. In won't be long. :-)
            Signature

            "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

            {{ DiscussionBoard.errors[11330240].message }}
            • Profile picture of the author MeelisM
              I know, the next boom time is just around the corner. Wont be long
              {{ DiscussionBoard.errors[11330355].message }}
              • Profile picture of the author Odahh
                Originally Posted by MeelisM View Post

                I know, the next boom time is just around the corner. Wont be long
                if you are an accumulator .. and working to buy as much as you can..that corner can be months away or a year ..once all the tax stuff gets worked out hell maybe people ..the run in the end of last year just put it on the table as a valid asset class versus a fringe thing..

                you may noy see the same percentage increase in the next 9 years .. but if it goes from 10,000 to15,000 and steps up even 20 or 50 percent a year .. hell stable increase of 20 percent a year .. from where it is now . would be great for things considered valid assets..

                if someone was to get into the niche now.. advising people to accumulate for the next run but not expecting 1000$ increases in weeks or 500% increases ..
                {{ DiscussionBoard.errors[11330366].message }}
                • Profile picture of the author MeelisM
                  This is exactly my strategy - accumulation before the next bull run.

                  However, i'm targeting early stage projects. I'm obviously aware of all the hype and scam projects around. But I can sense BS from a mile away and I have a nose for legit projects.

                  I made 2 early stage investments only last year. One was Omisego and the other was Tron in the ICO. You can check on coinmarketcap how they went.

                  Plus i suggest you to check out Ink Protocol, the platform the team has already built, the userbase and the VC backers they have. They just released their tokens, thanks to the drop in the market their price is 60% under the ICO price (luckily I missed the ICO due to whitelist oversubscription and was forced to buy on IDEX). Check them out for yourself and do your own due diligence, this is not investment advice.

                  This is just what someone who hit 2 home runs out of 2 attempts last year is going to do.
                  {{ DiscussionBoard.errors[11330380].message }}
                  • Profile picture of the author OptedIn
                    Originally Posted by MeelisM View Post

                    This is just what someone who hit 2 home runs out of 2 attempts last year is going to do.
                    Last I checked it was a nine-inning game.
                    Signature

                    "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

                    {{ DiscussionBoard.errors[11330385].message }}
                  • Profile picture of the author Odahh
                    Originally Posted by MeelisM View Post

                    This is exactly my strategy - accumulation before the next bull run.

                    However, i'm targeting early stage projects. I'm obviously aware of all the hype and scam projects around. But I can sense BS from a mile away and I have a nose for legit projects.

                    I made 2 early stage investments only last year. One was Omisego and the other was Tron in the ICO. You can check on coinmarketcap how they went.

                    Plus i suggest you to check out Ink Protocol, the platform the team has already built, the userbase and the VC backers they have. They just released their tokens, thanks to the drop in the market their price is 60% under the ICO price (luckily I missed the ICO due to whitelist oversubscription and was forced to buy on IDEX). Check them out for yourself and do your own due diligence, this is not investment advice.

                    This is just what someone who hit 2 home runs out of 2 attempts last year is going to do.
                    I understand the long term potential of of crypto .. but not interested in it as a investment personally ...when crypto advances enough and i am able to travel or have to pay people outside the USA ..or send money outside the USA ..

                    I'm looking forward to when i can shift USD to a crypto ..send that ..exchange it to local currency and save on the current fees of wiring or transferring money through western union or money gram ..or what ever service out there now .
                    {{ DiscussionBoard.errors[11330428].message }}
              • Profile picture of the author whateverpedia
                Originally Posted by MeelisM View Post

                I know, the next boom time is just around the corner. Wont be long
                And you know this how? Please don't say "because it's happened before". All investment advice that uses past performance comes with a disclaimer "past returns are no guarantee of future performance".

                You don't know the next boom is around the corner at all, you're just putting blind faith in it happening.

                As for the claim that "it won't be long", remember the words of John Maynard Keynes,

                The market can remain irrational longer than you can remain solvent.
                Signature
                Why do garden gnomes smell so bad?
                So that blind people can hate them as well.
                {{ DiscussionBoard.errors[11330650].message }}
  • Profile picture of the author Kay King
    This kind of posts have been written since ~2012.
    True. Also true is no one cares if YOU invest or if YOU don't invest. My guess is most who are writing promoting 'investing' haven't done so themselves or have a very small investment. Perhaps the true value of crypto threads on a forum is they give anyone and everyone a chance to 'hold forth' whether they know anything about it or not.

    Including myself in this....it's a subject easy to form an opinion on. Opinion may not be based on reality - but how many opinions are?
    Signature
    Saving one dog will not change the world - but the world changes forever for that one dog
    ***
    One secret to happiness is to let every situation be
    what it is instead of what you think it should be.
    {{ DiscussionBoard.errors[11329628].message }}
    • Profile picture of the author OptedIn
      Originally Posted by Kay King View Post

      Opinion may not be based on reality - but how many opinions are?
      Other than mine, you mean? :-)
      Signature

      "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

      {{ DiscussionBoard.errors[11329656].message }}
  • Profile picture of the author Kay King
    True - becuase we know you are always the voice of reason...or is it the reason for the voice....sorry, I got a bit lost there....
    Signature
    Saving one dog will not change the world - but the world changes forever for that one dog
    ***
    One secret to happiness is to let every situation be
    what it is instead of what you think it should be.
    {{ DiscussionBoard.errors[11329695].message }}
  • Profile picture of the author Regional Warrior
    If the whole Bit Coin revolution was legit I don't think there would so much fuss , but because it is associated with the darkweb and scammers , hackers etc etc it never will be and there lies the problem

    What would happen to the BCs if there was a flood of coins on the market it would go south very quickly and there is nothing to stop that from happening as there is no regulation so anyone could

    just 2cs
    {{ DiscussionBoard.errors[11330201].message }}
    • Profile picture of the author MeelisM
      Just 2 cents that you can't have a flood of coins onto the market because the supply is limited and you can't create new ones after a certain point.

      How is that made certain? By software code and millions of computers verifying it every second.

      Now let's think about USD. What's making certain that noone floods the market with USD and the market goes south? Oh wait they're printing new USD every minute by the millions and the value is already way south.
      {{ DiscussionBoard.errors[11330318].message }}
      • Profile picture of the author OptedIn
        Originally Posted by MeelisM View Post

        the value is already way south.
        Yet, it's the currency of choice for most people around the world. Go figure.

        I'm guessing it's mostly southerners. :-)
        Signature

        "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

        {{ DiscussionBoard.errors[11330322].message }}
  • Profile picture of the author tagiscom
    Originally Posted by Regional Warrior View Post

    If the whole Bit Coin revolution was legit I don't think there would so much fuss , but because it is associated with the darkweb and scammers , hackers etc etc it never will be and there lies the problem

    What would happen to the BCs if there was a flood of coins on the market it would go south very quickly and there is nothing to stop that from happening as there is no regulation so anyone could

    just 2cs
    The only thing about Bitcoin is the media is pushing it, and it has substantial highs and lows.Other than that its pattern is unremarkable in the life cycle of stocks.

    Originally Posted by MeelisM View Post

    It's going down overall?

    Note: Price in 2009: $0, Price in 2010 $0.003.

    Tell me again how the price is dropping overall.

    These dips have no importance in the long run. The pricedrops only matter to people who try to make fast money and live in dreamland, thinking that their money will grow 10x in one day every day. In other words the drop only seems like it matters to people who have no real understanding of cryptocurrencies.

    The real profits are long term.
    Lol, l would strongly suggest instead of googling the screen each day, for any upward trend, and telling us how wonderful it is, you go and read some books on Stock Market patterns.

    "Trade Like a Stock Market Wizard (2013)" is a good one, and shows that Bitcoin patterns eventhough substantial, is Not unique.

    Or it is following the classic pattern of upward, level off, drop and downward trend patterns.

    Most of the big investors, pull out at the top, and the rest do, if they see a substantial drop, shortly after, (a drop much bigger than the upward trend dips) which is a good sign that you need to sell and get out.

    The ones that hang on convincing themselves that it will go back up again, are most likely wrong, and will most likely lose most or all of what they started out with.

    Sure when it baselines, it probably will go up again, but unless you are selling short, (wait til it peaks, sell and get out) it is pretty scary to see 24k of stocks bottom down to $500.

    And yes it is possible to make a lot of money on stocks, (from what l have read, and researched) so clinging onto one, isn't necessary.

    {{ DiscussionBoard.errors[11330268].message }}
    • Profile picture of the author MeelisM
      Dude, I have seen about 6 of those cycles. Every time there's a boom in bitcoin, new people and new money jumps aboard. Now that the weak hands are being brushed off the market and we are nearing a new accumulation phase, there will be a new boom in the price soon.

      That's likely where you come in and buy some. Or you're going to do it the next cycle or the one after that.

      The people that profit understand the cycles of the market. The people that don't profit are the ones who blindly say that "this time bitcoin is dead" every time we are in the bubble burst part of the cycle.

      But I understand you. I thought the same way in 2013 when the price dropped from $260 to $100. That's when I was a noob and didn't understand anything. Now, luckily to me I have seen this market for ~5 years and I can tell you that it's a cycle that repeats again and again and snowballs bigger every time.

      My views are based on personal experience and research. What is your opinion based on? Your evening news anchor said bitcoin was bad?
      {{ DiscussionBoard.errors[11330320].message }}
      • Profile picture of the author Odahh
        Originally Posted by MeelisM View Post

        Dude, I have seen about 6 of those cycles. Every time there's a boom in bitcoin, new people and new money jumps aboard. Now that the weak hands are being brushed off the market and we are nearing a new accumulation phase, there will be a new boom in the price soon.

        That's likely where you come in and buy some. Or you're going to do it the next cycle or the one after that.

        The people that profit understand the cycles of the market. The people that don't profit are the ones who blindly say that "this time bitcoin is dead" every time we are in the bubble burst part of the cycle.

        But I understand you. I thought the same way in 2013 when the price dropped from $260 to $100. That's when I was a noob and didn't understand anything. Now, luckily to me I have seen this market for ~5 years and I can tell you that it's a cycle that repeats again and again and snowballs bigger every time.

        My views are based on personal experience and research. What is your opinion based on? Your evening news anchor said bitcoin was bad?
        if your sitting on bitcoin you bought for under 100 $ and under 300 dollars and under 500 dollars ..i fullt understand where you come from in your view of the bitcoin market .

        but bitcoin is an asset class not a currency and comparing it to US dollars or every other fiat currency does not win you many point..as the people who control money and print it.. specifically manage it so people do not want to hold it for years ..in fact punishing people with lower than inflation level ..interest on saving or negative interest rates ..

        Current is meant to be earned and spent as fast as possible ..or saved untill it is used to purchase an asset .

        the specific reason real currency is not an asset is because then if money was limited in supply it would all end up in a few hands and then 95 percent of people would have nothing they could earn or buy anything with ...there was a reason why there where oppressively high taxes in the 50's and 60's ..anf companies compensated people with health insurance ..and promises of future post retirement pensions ..to keep a lid on salary growth .and not put pressure on the money supply .

        bitcoin being the grandaddy or flag ship crypto .. will probably be the investors choice for long term holders .. now to have a really currency that is crypto .. it can't be limited in supply or as volatile as bitcoin ..you don't want the 30,000 items in your grocery store changing prices up or down every day ..
        {{ DiscussionBoard.errors[11330342].message }}
        • Profile picture of the author MeelisM
          Good arguments. I like that your replies have substance, unlike like OptedIn up there.

          You're right on the fact that currency is meant to be spent. The thing with bitcoin is that it's more like a digital store of value in the crypto world. There are other cryptos that are meant to be used for payments, as they have higher supplies, faster transactions speeds and lower fees.
          {{ DiscussionBoard.errors[11330354].message }}
          • Profile picture of the author OptedIn
            Originally Posted by MeelisM View Post

            Good arguments. I like that your replies have substance, unlike like OptedIn up there.
            Translation: "I have nothing with which to counter his arguments and I can't point to a single thing he said that isn't rooted in cold, hard fact." :-)
            Signature

            "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

            {{ DiscussionBoard.errors[11330383].message }}
    • Profile picture of the author Odahh
      Originally Posted by tagiscom View Post

      The only thing about Bitcoin is the media is pushing it, and it has substantial highs and lows.Other than that its pattern is unremarkable in the life cycle of stocks.



      Lol, l would strongly suggest instead of googling the screen each day, for any upward trend, and telling us how wonderful it is, you go and read some books on Stock Market patterns.

      "Trade Like a Stock Market Wizard (2013)" is a good one, and shows that Bitcoin patterns eventhough substantial, is Not unique.

      Or it is following the classic pattern of upward, level off, drop and downward trend patterns.

      Most of the big investors, pull out at the top, and the rest do, if they see a substantial drop, shortly after, (a drop much bigger than the upward trend dips) which is a good sign that you need to sell and get out.

      The ones that hang on convincing themselves that it will go back up again, are most likely wrong, and will most likely lose most or all of what they started out with.

      Sure when it baselines, it probably will go up again, but unless you are selling short, (wait til it peaks, sell and get out) it is pretty scary to see 24k of stocks bottom down to $500.

      And yes it is possible to make a lot of money on stocks, (from what l have read, and researched) so clinging onto one, isn't necessary.

      bitcoin is not a market with 50-200+ years of history.. the big jump to 20 was because of huge amount of new interest from around the world mostly asia..as bitcoin hit the radars of people around the world ..

      so yeah there might be a pop in the get rich in week riding 500% or 1000%gains ..but you have active traders eating up the multi thousand dollar a day value swings ..and people who had bought for hundreds years ago who sold for 15,000-20000 ..buying up more when it gets where low enough .

      new coins cost lots of money to farm and most of the coins are held by long term investors who can manipulate the price higher if they wish
      {{ DiscussionBoard.errors[11330396].message }}
  • Profile picture of the author tagiscom
    Originally Posted by MeelisM View Post

    Just 2 cents that you can't have a flood of coins onto the market because the supply is limited and you can't create new ones after a certain point.

    How is that made certain? By software code and millions of computers verifying it every second.

    Now let's think about USD. What's making certain that noone floods the market with USD and the market goes south? Oh wait they're printing new USD every minute by the millions and the value is already way south.
    Yes, that is why l believe that after baselining or dropping to 2013 levels, bitcoin will go up again, or another upward cycle, since it doesn't have the restrictions that other companies do, in that they have to secure investment dollars, secure new orders and have the infrastructure ready, in order to have a bull run.

    Some companies can go for 5 -15 years of near zero performance, before they take off, or take off again, but since bitcoin is inexhaustible it will probably bounce back quickly.


    Originally Posted by MeelisM View Post

    Dude, I have seen about 6 of those cycles. Every time there's a boom in bitcoin, new people and new money jumps aboard. Now that the weak hands are being brushed off the market and we are nearing a new accumulation phase, there will be a new boom in the price soon.

    That's likely where you come in and buy some. Or you're going to do it the next cycle or the one after that.

    The people that profit understand the cycles of the market. The people that don't profit are the ones who blindly say that "this time bitcoin is dead" every time we are in the bubble burst part of the cycle.

    But I understand you. I thought the same way in 2013 when the price dropped from $260 to $100. That's when I was a noob and didn't understand anything. Now, luckily to me I have seen this market for ~5 years and I can tell you that it's a cycle that repeats again and again and snowballs bigger every time.

    My views are based on personal experience and research. What is your opinion based on? Your evening news anchor said bitcoin was bad?
    Ok, my apologies, l assumed that you were a newbie, clinging onto a bear market stock, (obviously not).

    Also true that if Bitcoin was a bubble then just like tulips, it would have plunged considerably in a short period, but BC seems to be acting more like a quality stock, than a flimsy bubble.

    I have only invested using paper currently, but will be investing soon, but only ASX, at the moment.

    Internationals cost more per trade here, so l will stay with local markets and get my feet wet.

    But BC's aren't the only stocks around, so.....


    2.00 in, and no, l don't listen to idiots on tv, research and numbers is what l will be going by.

    {{ DiscussionBoard.errors[11330575].message }}
  • Profile picture of the author tagiscom
    Originally Posted by hardraysnight View Post

    sounds just like IM
    Might be a pyramid scheme?

    After all if my barber tells me to get into Crypto, Now! Who am l going to trust? Someone with years of hair cutting experience, or some silly guy who trades stocks for years on end, and got lucky and made 160k?

    No, contest!

    {{ DiscussionBoard.errors[11331046].message }}
    • Profile picture of the author hardraysnight
      Originally Posted by tagiscom View Post

      Might be a pyramid scheme?

      After all if my barber tells me to get into Crypto, Now! Who am l going to trust? Someone with years of hair cutting experience, or some silly guy who trades stocks for years on end, and got lucky and made 160k?

      No, contest!

      never trust a bald barber
      {{ DiscussionBoard.errors[11332287].message }}
      • Profile picture of the author tagiscom
        Originally Posted by hardraysnight View Post

        never trust a bald barber
        No, he is a bald barber, with one erring in one ear and a GREED IS GOOD poster on the wall, need a say more.

        And a Tattoo, that clinches it, lol.

        {{ DiscussionBoard.errors[11332392].message }}
  • Profile picture of the author mybtc24
    [DELETED]
    {{ DiscussionBoard.errors[11331290].message }}
    • Profile picture of the author whateverpedia
      [DELETED]
      {{ DiscussionBoard.errors[11331309].message }}
      • Profile picture of the author OptedIn
        Originally Posted by whateverpedia View Post

        What a bizarre coincidence. Your username just happens to be the same as the site you're recommending
        So - are you reporting the infraction? I don't want to waste the effort if you already have.
        Signature

        "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

        {{ DiscussionBoard.errors[11331397].message }}
        • Profile picture of the author whateverpedia
          Originally Posted by OptedIn View Post

          So - are you reporting the infraction? I don't want to waste the effort if you already have.
          Sorted. They've deleted all his posts and even blanked out the site name in the quote in my post above.
          Signature
          Why do garden gnomes smell so bad?
          So that blind people can hate them as well.
          {{ DiscussionBoard.errors[11331519].message }}
          • Profile picture of the author OptedIn
            Originally Posted by whateverpedia View Post

            Sorted. They've deleted all his posts and even blanked out the site name in the quote in my post above.
            Nice. Another loser bites the dust. Life is good. :-)
            Signature

            "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

            {{ DiscussionBoard.errors[11331551].message }}
  • Profile picture of the author tagiscom
    Last l checked Crypto was going for 9k a share.

    So most likely syndicates are probably a hot side business at the moment, so all of the near broke investers can have a shot at,.....ummm.

    Crypto is behaving like a real stock, instead of plummeting like a stone, which l personally expected, especially after all of the bubble talk.

    But the stock is falling and institutional investors won't touch it, (at least not yet).


    Warning, my investment advise bears, (get it) no resemblance to anyone alive or dead, and all speculative advise on said subject should only be taken from someone without a clue,and in a drunken state.
    {{ DiscussionBoard.errors[11331707].message }}
    • Profile picture of the author Odahh
      Originally Posted by tagiscom View Post

      Last l checked Crypto was going for 9k a share.

      So most likely syndicates are probably a hot side business at the moment, so all of the near broke investers can have a shot at,.....ummm.

      Crypto is behaving like a real stock, instead of plummeting like a stone, which l personally expected, especially after all of the bubble talk.

      But the stock is falling and institutional investors won't touch it, (at least not yet).


      Warning, my investment advise bears, (get it) no resemblance to anyone alive or dead, and all speculative advise on said subject should only be taken from someone without a clue,and in a drunken state.
      the people who bough at 100$,300$ ,500$ and way less then the 9k it currently is are not flooding the market with their bitcoin and the the people who bought above 15 k are praying for it to rise up in value again..

      but the moves in value in a day make it good for traders and there is new bitcoin being mined that companie put on the market .. and the long term people just start buying if it goes low enough ..that provides a floor .
      {{ DiscussionBoard.errors[11332980].message }}
      • Profile picture of the author tagiscom
        Originally Posted by Odahh View Post

        the people who bough at 100$,300$ ,500$ and way less then the 9k it currently is are not flooding the market with their bitcoin and the the people who bought above 15 k are praying for it to rise up in value again..

        but the moves in value in a day make it good for traders and there is new bitcoin being mined that companie put on the market .. and the long term people just start buying if it goes low enough ..that provides a floor .
        The people, (for want of a better word) who bought it at its peak, may get it back one day, or most of it, and they will have to pray that if BC flatlines that it doesn't get pulled from the exchange.

        I don't think that it will, since it is electronically based, or doesn't need to have a new product created, with the associated P/E issues.

        And from what l have read, Australia has almost outlawed day trading here, or buy and sell dairy more than three times and your account is locked for 90 days in a week,(people with over 25k in their investment accounts are excepted).

        {{ DiscussionBoard.errors[11333108].message }}
  • Profile picture of the author Zenya Pome
    Missed the boat??? If only I had $1 each time I heard that!!! I personally know of over a dozen people who missed the boat and became millionaires. Sure, you missed the boat that would have made you $80 million dollars, but there are plenty of smaller boats that can still make you $8 million dollars. I'm on a boat myself, after having missed the first 3 boats, and let me tell you, the 4th boat is VERY profitable. The ONLY reason to miss a boat is if you are at the airport!!
    {{ DiscussionBoard.errors[11332777].message }}
    • Profile picture of the author tagiscom
      Originally Posted by Zenya Pome View Post

      Missed the boat??? If only I had $1 each time I heard that!!! I personally know of over a dozen people who missed the boat and became millionaires. Sure, you missed the boat that would have made you $80 million dollars, but there are plenty of smaller boats that can still make you $8 million dollars. I'm on a boat myself, after having missed the first 3 boats, and let me tell you, the 4th boat is VERY profitable. The ONLY reason to miss a boat is if you are at the airport!!
      How dare you put up a super intelligent post like this,....oh, wait,.....you come from AU, ok, my mistake.

      Yes, exactly, most cannot afford 9k for one BC Unit, but there are plenty of stock left that can be bought at a cheap enough price.

      I am on a small wave myself, (knock on wood) and will look into bigger waves later on, (not cheap getting into stock trading online, at least in AU).

      {{ DiscussionBoard.errors[11332785].message }}
      • Profile picture of the author ChrisDouthit
        It's important to understand what and why the market is going to move to have success in the space.

        Yes, you did miss the boat, fortunately there is another boat behind that, and behind that, and behind that, you get the idea. We are still in the first inning of the cryptocurrency space, all you have to do is look at history to understand that.

        I was told I missed the boat in buying Amazon stock in 1999 when it was trading $80. Just think about how Amazon changed over the next decade. Cryptocurrency's are a much more important innovation than buying things online.

        Once Bitcoin ETFs come into play it is going to send the markets soring. You remember last December when the CME and the CBOE listed futures on Bitcoin, the market skyrocketed.

        The CBEO president, Chris Concennon has already been in contact with the SEC to get this kicked started so the much-needed liquidity in the crypto markets can be put in place.

        Basically, the markets are ready for an ETF. If we were to get a real Bitcoin ETF this year, we would see the price of Bitcoin and the price of the whole cryptocurrency space blast up big, real big!

        When is really the question, not if. Those who sit on their hands are going to be kicking themselves later. If you try to time it perfectly, you will also likely miss out. Get in while the market is low, at least in the next couple of months to be safe.
        Signature
        {{ DiscussionBoard.errors[11337986].message }}
        • Profile picture of the author tagiscom
          Originally Posted by ChrisDouthit View Post

          It's important to understand what and why the market is going to move to have success in the space.

          Yes, you did miss the boat, fortunately there is another boat behind that, and behind that, and behind that, you get the idea. We are still in the first inning of the cryptocurrency space, all you have to do is look at history to understand that.

          I was told I missed the boat in buying Amazon stock in 1999 when it was trading $80. Just think about how Amazon changed over the next decade. Cryptocurrency's are a much more important innovation than buying things online.

          Once Bitcoin ETFs come into play it is going to send the markets soring. You remember last December when the CME and the CBOE listed futures on Bitcoin, the market skyrocketed.

          The CBEO president, Chris Concennon has already been in contact with the SEC to get this kicked started so the much-needed liquidity in the crypto markets can be put in place.

          Basically, the markets are ready for an ETF. If we were to get a real Bitcoin ETF this year, we would see the price of Bitcoin and the price of the whole cryptocurrency space blast up big, real big!

          When is really the question, not if. Those who sit on their hands are going to be kicking themselves later. If you try to time it perfectly, you will also likely miss out. Get in while the market is low, at least in the next couple of months to be safe.
          Lol, yes, sure, get in while you can, (sell the gold pans and not the gold).

          All stock market trends show an obvious decline in Bitcoin, with the occasional massive drop, so l will wait til it beselines, before l consider it!

          {{ DiscussionBoard.errors[11338027].message }}
      • Profile picture of the author wentzco
        It's more than obvious that the hottest niche to get into is exposed in this thread. Get into the boat business because so many people have missed the boat and will need one.
        {{ DiscussionBoard.errors[11338072].message }}
        • Profile picture of the author OptedIn
          Originally Posted by wentzco View Post

          It's more than obvious that the hottest niche to get into is exposed in this thread. Get into the boat business because so many people have missed the boat and will need one.
          I think a better business would be building life rafts for all of those that will be looking to disembark, like rats off a sinking ship.
          Signature

          "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

          {{ DiscussionBoard.errors[11338124].message }}
      • Profile picture of the author tagiscom
        Originally Posted by wentzco View Post

        It's more than obvious that the hottest niche to get into is exposed in this thread. Get into the boat business because so many people have missed the boat and will need one.
        I thought that psychological counseling, and hotlines would be good investments,.....and tulips.

        Originally Posted by OptedIn View Post

        I think a better business would be building life rafts for all of those that will be looking to disembark, like rats off a sinking ship.
        Lol, no as we are seeing more and more, (thanks to mass media pushing it) is individuals selling the gold pans, and crapping on about missing the boat, and get in now.

        If anyone here goes and reads a good book on stock market investing, you will see that getting in now, in a declining stock, that has most institutionalized investors keeping away is not advisable.

        And an unstable stock that can plummet at Any Time, and costs 9k is really not advisable.

        Invest into quality company's, with a good track record, and are not prone to giant falls.

        Apple yesterday showed a nice little profit, and if l had invested what l have to put into Bitcoin l would have made $300.

        $300 and little chance of it dropping to low levels showed recently.

        And virtually no chance of it dropping 50 or 75% like Bitcoin has and done.

        Bitcoin has the free hype advertising behind it, and the 24 hour open sign, and plenty of sharks trying to cash in on the pigs, (stock market term) squealing to get in.

        But there are also plenty of quality stocks out there, which can deliver a good profit, but without the lose your shirt plunges.

        PS just took a look at Bitcoin, it dropped by about 4% yesterday, and three today, (it may recovering today, but still going down overall). So by comparison, l would be losing money on BC, yeah, get in now.
        {{ DiscussionBoard.errors[11338321].message }}
      • Profile picture of the author tagiscom
        Just thought that l should add, that l tried BCCash, since it is at a reasonable price and was going up when BC and most of its subsidiaries were going down.

        BC is always open and tends to make more going up, and also tends to lose more going down.

        I was out of pocket by $30, (well, $40 since l couldn't figure out the stupid software when it was falling).

        BC is faster, more erratic, drops down quicker than let's say Apple for example, and as someone else mentioned, is not safe, since it drops down so fast, it is hard to bail out, or stop loss.

        And BC seems stable a lot of the time, but can also fall substantially.

        I would say that p****ed would be an understatement if l lost 75% overnight. And scared if most of that was leveraged.

        I am going back to reputable company's and solid research, at least l do make money that way.

        {{ DiscussionBoard.errors[11338609].message }}
        • Profile picture of the author Odahh
          Originally Posted by tagiscom View Post

          Just thought that l should add, that l tried BCCash, since it is at a reasonable price and was going up when BC and most of its subsidiaries were going down.

          BC is always open and tends to make more going up, and also tends to lose more going down.

          I was out of pocket by $30, (well, $40 since l couldn't figure out the stupid software when it was falling).

          BC is faster, more erratic, drops down quicker than let's say Apple for example, and as someone else mentioned, is not safe, since it drops down so fast, it is hard to bail out, or stop loss.

          And BC seems stable a lot of the time, but can also fall substantially.

          I would say that p****ed would be an understatement if l lost 75% overnight. And scared if most of that was leveraged.

          I am going back to reputable company's and solid research, at least l do make money that way.

          long term game versus the short term game ..if you are looking to buy and sit on it for the next five or ten years .. or much longer . and you have the risk tolerance ..then you are not worried about stop losses or dips in the market or even the major run ups like we say 4 months ago it is still up 400 percent from this time last year where it was 2k per usd per bitcoin ..and it is 8k or close today ..and it was 400$usd this time 2 years ago .


          the current cost to min a bitcoin in the US is close to 5,000 $ usd ..so there is a floor at how low bitcoin will go ..people will either stop mining or hold until prices go up.. where they could sell for a decent profit .

          when most of the bitcoind are either lost or in long term investor hands .. the people who boud for 30 or 100 or 300 or 1000 are definatlt not feeling like it's a bad investment.. but it s probably not so good if you are trying to get rich and retire in the next two years from crypto investing ,,
          {{ DiscussionBoard.errors[11338622].message }}
          • Profile picture of the author tagiscom
            Originally Posted by Odahh View Post

            long term game versus the short term game ..if you are looking to buy and sit on it for the next five or ten years .. or much longer . and you have the risk tolerance ..then you are not worried about stop losses or dips in the market or even the major run ups like we say 4 months ago it is still up 400 percent from this time last year where it was 2k per usd per bitcoin ..and it is 8k or close today ..and it was 400 this time 2 years ago .


            the current cost to min a bitcoin in the US is close to 5,000 $ usd ..so there is a floor at how low bitcoin will go ..people will either stop mining or hold until prices go up.. where they could sell for a decent profit .

            when most of the bitcoind are either lost or in long term investor hands .. the people who boud for 30 or 100 or 300 or 1000 are definatlt not feeling like it's a bad investment.. but it s probably not so good if you are trying to get rich and retire in the next two years from crypto investing ,,
            Yes, sure if BC, drops to a reasonable price, l might invest a wad into it and forget about it for 5 to 10 years, if it drops down to $5 a share and goes up to 19k again, l should end up rich.

            But for day or spring trades, it is a dog with fleas, at least Apple or IBM give to time to breathe, this thing makes you choke.

            {{ DiscussionBoard.errors[11338848].message }}
        • Profile picture of the author hardraysnight
          Originally Posted by tagiscom View Post

          Just thought that l should add, that l tried BCCash, since it is at a reasonable price and was going up when BC and most of its subsidiaries were going down.

          BC is always open and tends to make more going up, and also tends to lose more going down.

          I was out of pocket by $30, (well, $40 since l couldn't figure out the stupid software when it was falling).

          BC is faster, more erratic, drops down quicker than let's say Apple for example, and as someone else mentioned, is not safe, since it drops down so fast, it is hard to bail out, or stop loss.

          And BC seems stable a lot of the time, but can also fall substantially.

          I would say that p****ed would be an understatement if l lost 75% overnight. And scared if most of that was leveraged.

          I am going back to reputable company's and solid research, at least l do make money that way.

          ask isaac newton about apple dropping
          he made a career out of it
          {{ DiscussionBoard.errors[11343633].message }}
      • Profile picture of the author Kay King
        So often the latest news seems to be avoided in threads like this....

        https://www.bloomberg.com/news/artic...tcoin-payments

        https://www.engadget.com/2018/03/28/...ayment-option/


        Don't know if this is a big deal or not (I don't invest in crypto) but just another of the many 'moving parts' you have to watch...
        Signature
        Saving one dog will not change the world - but the world changes forever for that one dog
        ***
        One secret to happiness is to let every situation be
        what it is instead of what you think it should be.
        {{ DiscussionBoard.errors[11338616].message }}
      • Profile picture of the author tagiscom
        Just tried Bitcoin cash, and eventhough l should have made a 1 point profit, it showed a loss?

        I thought what is going on, the software shows that the market is closed, but this stock is running.

        Bitcoin Cash Hard Fork: It Was a Dangerous Trick | Fortune

        But as it is shown here, it is a dodgy stock, that may be delayed, or the current Stock Market online software doesn't play well with it.

        As well as the fact that Bcash is a clone, so it is cheap, but dodgy.

        I need to stop wasting time with this crap, and losing money and wait til the markets open.

        {{ DiscussionBoard.errors[11342953].message }}
        • Profile picture of the author whateverpedia
          Originally Posted by tagiscom View Post

          Just tried Bitcoin cash, and eventhough l should have made a 1 point profit, it showed a loss?

          I thought what is going on, the software shows that the market is closed, but this stock is running.

          Bitcoin Cash Hard Fork: It Was a Dangerous Trick | Fortune

          But as it is shown here, it is a dodgy stock, that may be delayed, or the current Stock Market online software doesn't play well with it.

          As well as the fact that Bcash is a clone, so it is cheap, but dodgy.

          I need to stop wasting time with this crap, and losing money and wait til the markets open.

          The market for cryptocurrencies never closes. There are no after hours, weekends or public holidays. They trade 24/365 (24/366 during leap years).
          Signature
          Why do garden gnomes smell so bad?
          So that blind people can hate them as well.
          {{ DiscussionBoard.errors[11343095].message }}
          • Profile picture of the author tagiscom
            Originally Posted by whateverpedia View Post

            The market for cryptocurrencies never closes. There are no after hours, weekends or public holidays. They trade 24/365 (24/366 during leap years).
            Yes, Whatti, it never sleeps, but it doesn't work very well either.

            Since you have to wait til others buy and sell, there is a delay, so instead of me buying low and selling high, (which l did) it showed me buying high and selling when it had dropped to the point when l thought that l bought it.

            This has happened on CashB, as well, they all seem to have this issue, and it is only on relatively long gains that this issue is overcome.

            Buy and sell this way with other real stocks, no problem.

            The more l play with Crypto, Coin, the more l realize what a dog it is, or junk stock, (correct stockmarket term l believe).

            People keep harping on about this because mass media is giving it a giant free plug. Get it while you can, blah, blah, get into dodgy stock, with serious timing issues, and the massive plunge thing.

            But you might get a dead cat bounce before then, (stockmarket term, no really).

            {{ DiscussionBoard.errors[11343333].message }}
            • Profile picture of the author whateverpedia
              Originally Posted by tagiscom View Post

              The more l play with Crypto, Coin, the more l realize what a dog it is, or junk stock, (correct stockmarket term l believe).

              But you might get a dead cat bounce before then, (stockmarket term, no really).

              Really? You're giving lectures on stockmarket terms to someone who's been an active investor for over 25 years? To someone who was once employed as an investment analyst for a major financial institution?

              The thing is, your posts on this topic prove beyond all reasonable doubt you have no idea on the topic. Bitcoins, ethereum, litecoins, dash, ripple and all the other cryptocurrencies have absolutely nothing to do with stocks or the stockmarket. Your constant references to them as stocks is the real smoking gun evidence you have no clue. You've obviously read a book, or even worse, done a short course on investing, and now you deem yourself to be an expert. Sorry, your posts prove otherwise.
              Signature
              Why do garden gnomes smell so bad?
              So that blind people can hate them as well.
              {{ DiscussionBoard.errors[11343496].message }}
              • Profile picture of the author tagiscom
                Originally Posted by whateverpedia View Post

                Really? You're giving lectures on stockmarket terms to someone who's been an active investor for over 25 years? To someone who was once employed as an investment analyst for a major financial institution?

                The thing is, your posts on this topic prove beyond all reasonable doubt you have no idea on the topic. Bitcoins, ethereum, litecoins, dash, ripple and all the other cryptocurrencies have absolutely nothing to do with stocks or the stockmarket. Your constant references to them as stocks is the real smoking gun evidence you have no clue. You've obviously read a book, or even worse, done a short course on investing, and now you deem yourself to be an expert. Sorry, your posts prove otherwise.
                No, l am not an expert, but thanks for correcting me, (albeit with a whip behind the desk).

                The software calls them instruments or shares, but the software l use also says that the market is closed?

                So they are clearly popular, and looking at the big advertising push l see on Youtube ad,s that is what people want.

                {{ DiscussionBoard.errors[11343523].message }}
                • Profile picture of the author whateverpedia
                  Originally Posted by tagiscom View Post

                  The software calls them instruments or shares, but the software l use also says that the market is closed?
                  What software?
                  Signature
                  Why do garden gnomes smell so bad?
                  So that blind people can hate them as well.
                  {{ DiscussionBoard.errors[11343588].message }}
              • Profile picture of the author OptedIn
                Originally Posted by whateverpedia View Post

                You've obviously read a book,.
                You have no proof of this.
                Signature

                "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

                {{ DiscussionBoard.errors[11343561].message }}
              • Profile picture of the author Odahh
                Originally Posted by whateverpedia View Post

                Really? You're giving lectures on stockmarket terms to someone who's been an active investor for over 25 years? To someone who was once employed as an investment analyst for a major financial institution?

                The thing is, your posts on this topic prove beyond all reasonable doubt you have no idea on the topic. Bitcoins, ethereum, litecoins, dash, ripple and all the other cryptocurrencies have absolutely nothing to do with stocks or the stockmarket. Your constant references to them as stocks is the real smoking gun evidence you have no clue. You've obviously read a book, or even worse, done a short course on investing, and now you deem yourself to be an expert. Sorry, your posts prove otherwise.
                great post.. thats the problem i have with people treating bitcoin charts or and crypto like a stock or commodity chart that has decades or hundreds of years of active history ..

                bitcoin and crypto is new and the amazing burst of increase in valuation seen in many cryptos last year ..was directly because it was new and many people where trying to cash in..or get in ..and bitcoin was the new shiney..

                as you said you have 25 years experience with stocks..and you probably learned from people who had decades ..

                bitcoin has been around 10 years.. and there most likely ..short of the USD becoming virtually worthless..i will match the increase in value percentage wise ..that it has had in the last 9 yeas ..

                it is a completely different type of asset class.. than anything but beanie babies, original star wars toys ,rare stamps etc..anything that has a limited supply and overtime will be prone to loss damage ..and demand

                if i had the money to by bitcoin for the long term at this point the probability of losing access to it with the mobile lifestyle i want to live .. in the long term is high .. and is not a risk i can really tolerate .
                {{ DiscussionBoard.errors[11343666].message }}
      • Profile picture of the author tagiscom
        Originally Posted by whateverpedia View Post

        What software?
        Plus500.

        Originally Posted by hardraysnight View Post

        ask isaac newton about apple dropping he made a career out of it
        Nah, rather stay with AAPL.

        {{ DiscussionBoard.errors[11343732].message }}
        • Profile picture of the author whateverpedia
          Originally Posted by tagiscom View Post

          Plus500.
          Right. That isn't stock trading software, its for CFDs, or as they're more commonly known binary options. They're not investing, they're gambling.

          You don't actually own any shares purchased through that, you own a derivative based on the underlying company's stock. Any small gains you make on a rise in the underlying stock price movements are eradicated by the fees that are charged.

          As I said, you are gambling not investing.
          Signature
          Why do garden gnomes smell so bad?
          So that blind people can hate them as well.
          {{ DiscussionBoard.errors[11343889].message }}
          • Profile picture of the author tagiscom
            Originally Posted by whateverpedia View Post

            Right. That isn't stock trading software, its for CFDs, or as they're more commonly known binary options. They're not investing, they're gambling.

            You don't actually own any shares purchased through that, you own a derivative based on the underlying company's stock. Any small gains you make on a rise in the underlying stock price movements are eradicated by the fees that are charged.

            As I said, you are gambling not investing.
            What are your suggestions for real investing online, for someone in Au, just starting out.

            {{ DiscussionBoard.errors[11343918].message }}
            • Profile picture of the author whateverpedia
              Originally Posted by tagiscom View Post

              What are your suggestions for real investing online, for someone in Au, just starting out.

              Set up a free account with one of the many online brokers (see below for a list of licensed brokers).

              For investing "virgins", I'd suggest not to buy shares in any individual companies but to buy an Exchange Traded Fund (ETF). This gives you access to a diversified portfolio of shares usually based around an index, such as the ASX200,or in specific sectors such as Real Estate Investment Trusts (REITs). You can also buy ETFs that cover overseas markets such as the US, Europe, Asia and emerging markets.

              After that, use pretend money to buy yourself a diversified portfolio of shares and monitor that on a spreadsheet for a year or so. Before I actually invested anything, I awarded myself a million dollars of pretend money and did just that for a few years. It helped me determine what criteria for stock selection worked best, and what suited me best. I now have it down to a relatively fine art. Do I always get it right? Nope, I still manage to select a few duds, however the winners more than make up for any losers, plus I can dump the losers and take a loss before it becomes too great.

              I use Commsec, as I find their research tools suitable for my needs. I'm sure the others have something similar though.

              Here's a full list of all the licensed brokers in Australia: https://www.asx.com.au/asx/research/findABroker.do

              There are some excellent articles on investing on this site as well. I recommend reading all of them.
              http://www.investors.asn.au/
              Signature
              Why do garden gnomes smell so bad?
              So that blind people can hate them as well.
              {{ DiscussionBoard.errors[11343953].message }}
            • Profile picture of the author Odahh
              Originally Posted by tagiscom View Post

              What are your suggestions for real investing online, for someone in Au, just starting out.

              the etf's are the common place most people agree where people should start ..

              but what is the long term goal of your "investing ..the reason why etf's are the place to go for most investors is because fees eat up most gains over time ..or fees and taxes ..i have been studying a lot from the early retirement /financial independence area .. and etf or vanguard ..is a favorite topic..

              but it comes down to your long term plan ..or why are you investing

              Most real or hard asset classes and even securities are at all time highs real estate in much of the developed world ..stocks well much of what you can list.. that is why bitcoin got the blast it did to 20k when it got on many people radar for the first time..

              whateverpidia can probably explain what i mean he sound like someone who invest in the market , has a business and maybe even some real estate holding ..

              but there is a huge amount of cash on the side now because a lot of people expect a crash and are waiting for firesales .or there just are not the juicy deals .and i think bitcoin took advantage of some of that cash .
              {{ DiscussionBoard.errors[11344048].message }}
              • Profile picture of the author tagiscom
                Originally Posted by Odahh View Post

                the etf's are the common place most people agree where people should start ..

                but what is the long term goal of your "investing ..the reason why etf's are the place to go for most investors is because fees eat up most gains over time ..or fees and taxes ..i have been studying a lot from the early retirement /financial independence area .. and etf or vanguard ..is a favorite topic..

                but it comes down to your long term plan ..or why are you investing

                Most real or hard asset classes and even securities are at all time highs real estate in much of the developed world ..stocks well much of what you can list.. that is why bitcoin got the blast it did to 20k when it got on many people radar for the first time..

                whateverpidia can probably explain what i mean he sound like someone who invest in the market , has a business and maybe even some real estate holding ..

                but there is a huge amount of cash on the side now because a lot of people expect a crash and are waiting for firesales .or there just are not the juicy deals .and i think bitcoin took advantage of some of that cash .
                Etf, phew l thought you said Elfs!

                I do have another online account, that has a portfolio, well virtual one, that l occasionally take a look at, but they charge so much for buy and sell, (Commsec more so) that it is a good platform for long term investors. And only deals in AU or ASX.

                I would probably need 5k or more to make anything worthwhile with that one, at least with current P/L


                As Whatti said CFD's are risky, and l got no end of warnings when signing up.

                Most if not all short or day traders tend to lose everything in their first 6 months or barely break even, (obviously l read this from what looked like a reputable site online).

                And some guy also shared how he did on youtube, and yep, he lost quite a lot and seemed to have 20 odd shares, or Derivitive or D shares, running while he talked and filmed. But he got the hang of it after 6 months.

                I won't diverge how l have done over the last week or so, but enough to keep trying.

                The company l am presently trying out has leverage which is good in one way, but nasty in another.

                So for example l go with Bitcoin, put in $50, which is around $64 AU or have $50 US margin, out of a $1000 bank.

                So lets say that it plummets 50%, which means that out of my margin, $25 of it is gone, and more disturbing the remaining $450 is also gone, since it has a leverage or 1:20, (or 10k a Bitcoin d-share) or l am risking almost 1k on it.

                But you only lose what is in your bank, but you still lose what is left in your bank.


                So, yeah, this is like a newbie jumping in the middle of a Olympic swimming pool, potentially dangerous, if they don't have a clue, and just roll a dice and put money on things.

                I will stay in the shallow end of the pool, at least til l get my competency levels up.

                And they also advertise Crypto to death, which explains the bigger pull money out of your hand when closing a d-trade.

                Plenty of juicy deals about, just sign up, get a virtual account going and mess about, then trade for real when you are ready.

                Big difference between fake and real trading though, and l had a lot of skills that l brought across to stockmarket trading, so l was new to trading but not so new to other parts of it.

                {{ DiscussionBoard.errors[11344076].message }}
      • {{ DiscussionBoard.errors[11346371].message }}
      • Profile picture of the author tagiscom
        Originally Posted by Odahh View Post

        you don'y have to but an entire bitcoin you can buy 100 dollars worth or 500 and technically you are not really even a day trader yet f you are just learning

        bitcoin was 6,500 usd a few days ago now it is over 8,000 as i write this..and can probably go to 10,000 or back to 6,000

        but it's gambling and the house or the exchanges win..by charging all the fees they do.. so if you want to get really rich with crypto start an exchange ..
        True, the exchanges that push bitcoin hard, tend to have their hand out the most.

        I just checked and yep, just over 8k, and l also saw that l would have to pay $2.50 up front for that one, (l am assuming that maintenance margin is pay us first).

        The good thing about Spring trades is they don't seem to attract any margin fees, at least some don't?

        Still learning, but there is some great material online and off.

        Originally Posted by MONEYKILLER2012 View Post

        Thanks, that's very true, I have been in the crypto since 2012. Joined minings, trading platforms, buy and sell btc, but it got better when I lost all my investments. But you are very right, and the idea of investing at a seminar is not ideal, doesn't sound like btc.

        He just need to be careful, some top guys are alreasy in the scamming team, so they will begin to pop up big monies to make sure people who are there, are captured.
        Yes, regardless of if it is BC or other options, if you get an online account and jump in the deep end then it might get ugly pretty fast.

        A guy online did that and lost $700 Euro, ($1000+ AU) then tried to recover that and lost a further $500, before he went on a holiday with his remaining $300 and tried again, when he came back.

        I am staying with minimums at present and will scale up when l can show consistency.

        {{ DiscussionBoard.errors[11346727].message }}
        • Profile picture of the author DWolfe
          Originally Posted by tagiscom View Post

          Still learning, but there is some great material online and off.

          Yes, regardless of if it is BC or other options, if you get an online account and jump in the deep end then it might get ugly pretty fast.
          Here is something along the lines as Odahh suggested. Look at coinbase (yes the fees are on the higher side) Purchase $25.00 /usd or Austrailan dollars and let it sit for a year or two. No trading or selling.

          If it goes up to $ 75.00 pull 1/3 out as profit plus inital spend in cash. Keep on the side and at least you made a tiny profit on Bitcoin. Don't go crazy it is not the tulip craze an you can make a quick buck or loose some fun money. Sooner or later you will see 1 or 2 cryptos stick IMHO.
          Signature


          You can earn 10% average annual returns on your investments - https://app.groundfloor.us/r/m2aa7b
          {{ DiscussionBoard.errors[11346864].message }}
      • Profile picture of the author tagiscom
        Originally Posted by Odahh View Post

        tag because of the volatility ..if you are going to trade on margin in bitcoin and do not want to be glued to the computer 24 hours a day .. go about 50 percent no 10 percent ...

        real stock day traders at least only have to pay full attention the part of the day markets are open ..

        but remember you are gambling not investing
        No, with what l am learning now, l probably won't go near bitcoin.

        Trying to make a buck when the bulls are moving in an erratic market with wild mood swings, with a pricy entry fee is just plain silly. And investing when the market is in a low swing is really silly.

        Plenty of decent stocks out there, without going near this crap.

        Originally Posted by DWolfe View Post

        Here is something along the lines as Odahh suggested. Look at coinbase (yes the fees are on the higher side) Purchase $25.00 /usd or Austrailan dollars and let it sit for a year or two. No trading or selling.

        If it goes up to $ 75.00 pull 1/3 out as profit plus inital spend in cash. Keep on the side and at least you made a tiny profit on Bitcoin. Don't go crazy it is not the tulip craze an you can make a quick buck or loose some fun money. Sooner or later you will see 1 or 2 cryptos stick IMHO.
        I would like to do something like that with BC, when it baselines, or gets close, but there are a few company's out there l could do that with now, but my focus is more intermediate than distant.

        {{ DiscussionBoard.errors[11346988].message }}
        • Profile picture of the author yukon
          Banned
          Originally Posted by tagiscom View Post

          I would like to do something like that with BC, when it baselines, or gets close, but there are a few company's out there l could do that with now, but my focus is more intermediate than distant.

          Sitting on the fence gets you nowhere.

          There's no baseline. Plus you shouldn't even be buying Bitcoin for the sake of owning it, you use it as a means of cashing out or jumping into other crypto on an exchange.

          No offense but I can tell you've never owned any crypto, including Bitcoin because the fees alone on BTC are through the roof while other alt-coins have extremely low fees and way faster transaction times (ex: Litecoin).

          Bottom line, either a person has the balls or they don't.

          Now If you jump in and blow your lunch money, well, that's your own fault. Test the markets with money you can afford to lose, heck, $20 is a lot on mineable alt-coins with low market caps.

          Something like Mooncoin ($0.000057 per coin), up +14% in 24 hours with a see-saw history.

          You have to first check your exact market exchange you plan on using and MAKE SURE there's a current history of other people selling. Some markets only allow certain coins to be bought, not sold by indviduals.

          Also remember the price is irrelevant. the only thing that matters in the end is the percentage gain. Same goes for stocks. Example, a 10% gain is the same on 1,000 different stocks or coins, it's still 10% of whatever you personally invested.
          {{ DiscussionBoard.errors[11347171].message }}
          • Profile picture of the author tagiscom
            Originally Posted by yukon View Post

            Sitting on the fence gets you nowhere.

            There's no baseline. Plus you shouldn't even be buying Bitcoin for the sake of owning it, you use it as a means of cashing out or jumping into other crypto on an exchange.

            No offense but I can tell you've never owned any crypto, including Bitcoin because the fees alone on BTC are through the roof while other alt-coins have extremely low fees and way faster transaction times (ex: Litecoin).
            Bitcoin started off before 2014 at $3.27 a share, (l know not a real share, but for the sake of conversation) and is about 8k now, so sure it hasn't reached zero, but a share going from a few thousand to a few dollars is close enough.

            No, l havn't tried BC mainly because of the erratic nature and huge costs, but l have tried Bitcoin Cash and Ethereum.

            And the transaction fee's were pretty high on each, and Ethereum had a delay, so when l thought that l had made something l had not.

            Litecoin, groan, ok, it is fairly priced and seems to behave like a normal stock, and l havn't tried that one. But most of my current losses were from the previous two, so l would rather repair some of the damage before considering it.


            Now If you jump in and blow your lunch money, well, that's your own fault. Test the markets with money you can afford to lose, heck, $20 is a lot on mineable alt-coins with low market caps.

            Something like Mooncoin ($0.000057 per coin), up +14% in 24 hours with a see-saw history.

            You have to first check your exact market exchange you plan on using and MAKE SURE there's a current history of other people selling. Some markets only allow certain coins to be bought, not sold by indviduals.

            Also remember the price is irrelevant. the only thing that matters in the end is the percentage gain. Same goes for stocks. Example, a 10% gain is the same on 1,000 different stocks or coins, it's still 10% of whatever you personally invested.
            I don't have access to mooncoin, and l have blown my lunch money on BC derivatives a few times, and have also done so on normal stocks occasionally, but as you have said it is at pocket money levels, and something l am not going to,....well, let's just say that l won't be buying any Pancake Drinks anytime soon.

            I just went through the co, TOS, and they don't charge fees, but do take .02 percentage gain, so AU .10 is US .17 plus their take or .19, so no big deal, but they also say there might be differences between buying at one price and getting something different.

            BC derivites, tend to clobber you at the buy stage, (at least that is what l have experienced several times) and sure l have also bought a sh***stock that did likewise, but generally quality stocks out there don't take money away when buying.

            {{ DiscussionBoard.errors[11347205].message }}
            • Profile picture of the author Odahh
              Originally Posted by tagiscom View Post

              Bitcoin started off before 2014 at $3.27 a share, (l know not a real share, but for the sake of conversation) and is about 8k now, so sure it hasn't reached zero, but a share going from a few thousand to a few dollars is close enough.


              i think you have something backwards today is 2018 4 years after 2014 so bitcoin has gone from 3 dollars a coin to 8,000 dollars a coin over 4 years ..

              unless there is a massive devaluation in the US dollar ..there is probably no way it will have the same percentage increas in 4 or ten years .. but it has gone to 20,000 a coin ..it can can go back it can go higher..or it can go down to 4,000 or 5,000 a coin ..but lower than that long term investors would probably snap up and bitcoin mining would probably stop ..

              but the key part is long term ..
              {{ DiscussionBoard.errors[11347252].message }}
            • Profile picture of the author yukon
              Banned
              Originally Posted by tagiscom View Post

              BC derivites, tend to clobber you at the buy stage, (at least that is what l have experienced several times) and sure l have also bought a sh***stock that did likewise, but generally quality stocks out there don't take money away when buying.

              Lol, quality stock.

              Ask Facebook what a quality stock is worth when the shit hits the fan overnight.

              Everything in life is a gamble.







              {{ DiscussionBoard.errors[11347266].message }}
      • Profile picture of the author tagiscom
        Originally Posted by Odahh View Post

        i think you have something backwards today is 2018 4 years after 2014 so bitcoin has gone from 3 dollars a coin to 8,000 dollars a coin over 4 years ..

        unless there is a massive devaluation in the US dollar ..there is probably no way it will have the same percentage increas in 4 or ten years .. but it has gone to 20,000 a coin ..it can can go back it can go higher..or it can go down to 4,000 or 5,000 a coin ..but lower than that long term investors would probably snap up and bitcoin mining would probably stop ..

        but the key part is long term ..
        True, what l meant to say is $3 is baseline to me.

        Bitcoin, not,...pffft, hard to say, but currently it is up and down, but in a downward cycle, (or what investors call a triangle pattern of distribution) which means that the highs and lows are becoming closer together, or investors are getting sick of losing money overall.

        That pattern either means a big rise or a big fall. But if it is a big fall, then a lot of new millionaires will be made in the next 5 to 10 years, (well, odd,s on).


        Originally Posted by yukon View Post

        Lol, quality stock.

        Ask Facebook what a quality stock is worth when the shit hits the fan overnight.

        Everything in life is a gamble.
        True!

        {{ DiscussionBoard.errors[11347482].message }}
        • Profile picture of the author Odahh
          Originally Posted by tagiscom View Post

          True, what l meant to say is $3 is baseline to me.

          Bitcoin, not,...pffft, hard to say, but currently it is up and down, but in a downward cycle, (or what investors call a triangle pattern of distribution) which means that the highs and lows are becoming closer together, or investors are getting sick of losing money overall.

          That pattern either means a big rise or a big fall. But if it is a big fall, then a lot of new millionaires will be made in the next 5 to 10 years, (well, odd,s on).


          why do you insist on treating the chart from bitcoin like it a chart from a stock or commodity..or listening to what investors who look at chart say about bitcoin there was a huge flood of intersest which spike the price the end of last year ..and the people who bought bitcoin and hel onto it 6 months ago and before are not loosing money they are still posiyive several thosand dollars per coin ..
          {{ DiscussionBoard.errors[11347683].message }}
          • Profile picture of the author tagiscom
            Originally Posted by Odahh View Post

            why do you insist on treating the chart from bitcoin like it a chart from a stock or commodity..or listening to what investors who look at chart say about bitcoin there was a huge flood of intersest which spike the price the end of last year ..and the people who bought bitcoin and hel onto it 6 months ago and before are not loosing money they are still posiyive several thosand dollars per coin ..


            True, to a point.

            Some professional analysist's on tv, were certainly saying bubble, but it is behaving more like a stock than a Tulip.

            And analysis's can speculate all they want, and they cannot be 100% sure, (but they can get fairly close).

            Some members saying, "hot, new, get in now, blah, blah" is,...well l don't get it. It is going down, and the only way to make money on this, apart from that fangled bet on it going down option, is to try to make something on the rises, or wait til it stops going down.

            {{ DiscussionBoard.errors[11347708].message }}
            • Profile picture of the author Odahh
              Originally Posted by tagiscom View Post



              True, to a point.

              Some professional analysist's on tv, were certainly saying bubble, but it is behaving more like a stock than a Tulip.

              And analysis's can speculate all they want, and they cannot be 100% sure, (but they can get fairly close).

              Some members saying, "hot, new, get in now, blah, blah" is,...well l don't get it. It is going down, and the only way to make money on this, apart from that fangled bet on it going down option, is to try to make something on the rises, or wait til it stops going down.

              the 20,000 price point was a bubble but if you look at the long term chart goin back 7 years there is a progressive rise in value ..the jump from 6,000 in mid november to 20 ,000 in mid decemember and the crash back to 6,000 range..was the bubble and the burst ..now it is probably back to the long term increase in value ..

              there was a 3 month bubble and crash.. and it could be a long while .. before any more spikes ..
              {{ DiscussionBoard.errors[11347714].message }}
        • Profile picture of the author tagiscom
          Originally Posted by DWolfe View Post

          I hope you are being sarcastic about Tesla

          On another note : Notice the OP never came back to this thread or even thanked anyone. If he followed this thread he should have a few ideas about cryptocurrency or he thinks we are all crazy.
          True, he gave his sig, a good plug, and disappeared.

          And yeah, l am being sarcastic about Tesla, which has done well since its IPO.

          And Yukon did give examples of CC, that l don't have on my platform.

          But people holding onto CC, since its 21k high, and waiting for the next upturn, well, lets say that they won't be the ones greeting the new day opening their arms to the rising sun, thanking nature for the daily bounty and like that!

          {{ DiscussionBoard.errors[11347918].message }}
        • Profile picture of the author gotbangkok
          mrbigdog, whoa i havent seen this vid, nice one man, very interesting, intelligent opinions and conversation, thanks
          Signature
          Stop Yulin - please sign the petition
          {{ DiscussionBoard.errors[11399265].message }}
        • Profile picture of the author tagiscom
          Originally Posted by MikeFriedman View Post

          Wow. A whole 4 months? Well, I take back everything I said then. You are clearly an expert in the stock market.

          And it is hilarious that you keep bashing cryptocurrencies every chance you get, and meanwhile are trying to strike it rich with them on the side. You just cannot shy away from that get rich quick mentality. Always looking for the next shiny button to push.

          You really don't get why I made my comment.

          Anyone trying to time rises in a stock like APPL is just going to miss the majority of the gains and likely just lose money.

          You should read better books apparently.
          I didn't say that l am an expert, l just know enough to know that if a stock or bitcoin reaches an all time high and then plummets, then investing on that hoping that it will miraculously turn around is very risky or dangerous.

          And l don't bet on CC, l tried it some time ago, (l tried it quite a few times) and then kept away from it, when l learned how inferior it is to real stocks or their derivatives.

          Get rich quick, lol, if l was doing that l wold be staying with CFD,s or other options. I am actually slowing down, and going with safer options.

          Anyone doing apple, lol, well there is experience and less experience, apparently.


          Originally Posted by whateverpedia View Post

          He should really learn the difference between buying stocks and what he's doing, which is trading binary options (CFDs). Same thing with cryptos. They're all binary options.
          I used to buy CFD's and am, (after reading all of the horror stories) moving into straight equity trades.

          Which is slower with no margin option, but a lot safer.

          Originally Posted by Odahh View Post

          is he able to actually learn the difference ..
          Yeah like the difference between up and down....

          Originally Posted by DWolfe View Post

          How much money does Netflix spend for their material ? How much cash do they burn a quarter? What is there current debts vs profits ? The stock market is at all time highs ? What happend the last few days with Facebook and Netflix stocks? While we can't perdict the future if a does correction happem will Netflix come out better or worse off? How much money did Zuckberg loose last week with the sell off ?

          There is risk in everything, when stuff goes south people with little to no experience get crushed ! People that rush in at the Peak looking to make a killing hold on while the bottom falls out. Then sell out when the emotions take over taking big losses. It has happened in stocks, real estate, cryptos and other investments. You should not offer your 4 months worth of experience to others here. IMHO.
          True anything carries risk, and l havn't gone near Netfix or FB recently, (well l havn't actually traded with then at all)


          And since it is still unsure whether APPL will take a dive as 30% of their manufacturing base is in China, (yes, l read the Financial Review every week) will keep away from them more than l usually do, (although l primary trade in Futures).

          And sure that maybe l should not offer advise here, but l have read several books and talked to very successful traders, on a private forum, elsewhere that say when the big cats pull out, and the price falls, you Definitely don't invest in it.

          And sure you can make a profit in an ascending market, (l did a few days ago) but it is a lot harder, and Crypto's is like lemmings headed for the cliff, saying that the ocean will break my fall, (ignore the rocks).

          But there could be a Tesla surf boards on standby, lol?

          {{ DiscussionBoard.errors[11404383].message }}
    • Profile picture of the author OptedIn
      Originally Posted by Zenya Pome View Post

      Missed the boat??? If only I had $1 each time I heard that!!! I personally know of over a dozen people who missed the boat and became millionaires. Sure, you missed the boat that would have made you $80 million dollars, but there are plenty of smaller boats that can still make you $8 million dollars. I'm on a boat myself, after having missed the first 3 boats, and let me tell you, the 4th boat is VERY profitable. The ONLY reason to miss a boat is if you are at the airport!!
      Ho-hum! Seriously. :-)
      Signature

      "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

      {{ DiscussionBoard.errors[11332808].message }}
  • Profile picture of the author Zenya Pome
    Serious. In 1996 a friend wanted to move his dating magazine online, but was told he missed the boat because of friendfinder and adultfriendfinder. In 1999 before Google, there were 60+ search engines to submit your site to. Did Google miss the boat. In 2006 a friend was told he missed the boat on online pharmacies, still powering along. In 2008, you missed the boat on MLM, went to make 26 million from it. There is "No Miss The Boat". You either get on the boat, or stop saying you missed it.
    Pornsite owners don't make money anymore, right? So much free porn, so many sites, why pay for it? YOU MISSED THE BOAT! No, millions of people turn 18 every day, and armed with a credit card, they are more then happy to pay for porn, a new and exciting world for a teenager, a divorced couple, midlife crisis, much easier to pay for it, then to spend hours searching for free rubbish. I SAID MY PIECE. GET ON THE BOAT!!
    {{ DiscussionBoard.errors[11332826].message }}
    • Profile picture of the author OptedIn
      Originally Posted by Zenya Pome View Post

      I SAID MY PIECE. GET ON THE BOAT!!
      I disembarked at the "Port of Paradise."

      Enjoy your voyage!
      Signature

      "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

      {{ DiscussionBoard.errors[11332829].message }}
    • Profile picture of the author tagiscom
      Originally Posted by Zenya Pome View Post

      Serious. In 1996 a friend wanted to move his dating magazine online, but was told he missed the boat because of friendfinder and adultfriendfinder. In 1999 before Google, there were 60+ search engines to submit your site to. Did Google miss the boat. In 2006 a friend was told he missed the boat on online pharmacies, still powering along. In 2008, you missed the boat on MLM, went to make 26 million from it. There is "No Miss The Boat". You either get on the boat, or stop saying you missed it.
      Pornsite owners don't make money anymore, right? So much free porn, so many sites, why pay for it? YOU MISSED THE BOAT! No, millions of people turn 18 every day, and armed with a credit card, they are more then happy to pay for porn, a new and exciting world for a teenager, a divorced couple, midlife crisis, much easier to pay for it, then to spend hours searching for free rubbish. I SAID MY PIECE. GET ON THE BOAT!!
      Well, of course porn sites are down, everyone has windows 10!

      {{ DiscussionBoard.errors[11332831].message }}
  • Profile picture of the author adconity
    [DELETED]
    {{ DiscussionBoard.errors[11342446].message }}
  • Profile picture of the author erker
    [DELETED]
    {{ DiscussionBoard.errors[11343104].message }}
  • Profile picture of the author ryanbiddulph
    Hi Amuro,

    Right now, cryptocurrency is largely dominated by a fear-based, wild energy, driven by the fear-twins and greed and desperation.

    A few top crypto traders are teaching and trading from a more detached, stable energy. As all smart traders do.

    But until these folks dominate the niche, crypto will be predominantly about trying to get rich and not about bettering humanity by offering an alternative currency system. If this is the case, of course it will crash and burn because it won't gain enough steam to be legitimate.

    It comes down to the collective, dominant energy of traders. Do these folks want to better humanity with a means of exchange? Or are they want to manipulate the masses just to make a profit? Whatever energy wins dictates the longevity of the venture.

    Ryan
    Signature
    Ryan Biddulph helps you to be a successful blogger with his courses, manuals and blog at Blogging From Paradise
    {{ DiscussionBoard.errors[11343395].message }}
  • Originally Posted by amuro View Post

    Hi, I don't mean to sidetrack since this forum is only for IM discussions.

    But the reason I am still asking this is because many of my friends on Facebook and offline are now talking about it since late last year in November.

    Also got invited to a seminar preview with free buffet in my local area that same month.

    Was not entirely convinced and went for 4 other previews before finally investing $300 USD which really was peanuts compared to other attendees who invested in $2000, $5000 or even $10K and beyond since they are mostly CEOs, managing directors and top professionals.

    Some of you may agree while others may disagree.

    But the way I see it -

    Despite the government's restrictions as you may have read in Bolivia, China, Korea and Saudi Arabia, I see it as possible salvation to most people money woes.

    Right now at the time of writing this, Cryptocurrency is very similar to what internet was during the Y2K days.

    Or even when internet marketing started.

    Despite the Dotcom burst after which most people dismissed internet marketing as BS, those people also felt the same way about Crypto when it crashed.

    Not because the market was not doing well.

    But because those governments in the abovementioned countries and probably more to come are putting to what they see as "Crypto-Fraud"

    The CEO of JP Morgan also threatened to dismiss any of his staff members if they are caught trading in Cryptos in and even outside office which he saw as "conflict of interest against what the company stood for"

    Since 2008 Global Financial Crisis, people began to lose faith in banks, governments and even traditional investments like properties, stocks and even Forex. Am very emotional as my late dad was one of them.

    Before I get too carried away, I like to ask if Cryptocurrency is a great niche to go into?

    Besides the usual MMO, personal development and health niches we already are well-familiar with?
    Like you, I am a relative newbie when it comes to crypto, so this thread is actually really helpful for me. Thank you for bringing this up.

    Doing a bit of small trading and looking into mining. TBH I am wary of crypto affiliates. I think they're downplaying how volative crypto really is. It is possible to make money in cryptocurrency but it is a gamble. I don't really spend more than I can afford to lose and I only trade in currencies I know are relatively stable.
    {{ DiscussionBoard.errors[11343905].message }}
  • Profile picture of the author Odahh
    well, tagiscom ,

    you are gambling .. and with the volatility and massive changes in value of bitcoin ..trading it on extreme margins like you explained ..you better be ready to be getting margin called a few times a day ..or just having your positions closed while you sleep ..

    why are you holding on to this insane idea ..that you can treat something that is not a stoke or commodity ..like it is ..man you sound like my uncle who had a gambling problem and would sit next to his booky at a ball game and bet weather the next ball hit would go fair or foul ..

    trading bitcoin on ten percent margin ..or however that is phrased .. sounds freaking insane . with the volatility of bitcoin ..to me it is crazy in a volatile 24 hour a day 7 day a week market
    {{ DiscussionBoard.errors[11344124].message }}
    • Profile picture of the author tagiscom
      Originally Posted by Odahh View Post

      well, tagiscom ,

      you are gambling .. and with the volatility and massive changes in value of bitcoin ..trading it on extreme margins like you explained ..you better be ready to be getting margin called a few times a day ..or just having your positions closed while you sleep ..

      why are you holding on to this insane idea ..that you can treat something that is not a stoke or commodity ..like it is ..man you sound like my uncle who had a gambling problem and would sit next to his booky at a ball game and bet weather the next ball hit would go fair or foul ..

      trading bitcoin on ten percent margin ..or however that is phrased .. sounds freaking insane . with the volatility of bitcoin ..to me it is crazy in a volatile 24 hour a day 7 day a week market
      I would say that you are misinterpreting what l previously said, l said an example, not my example of what l did.

      Most of the time l tried BC, l lost money, and l tried derivatives, since BC is very expensive.

      So yeah, l am quickly going off of it.

      {{ DiscussionBoard.errors[11344407].message }}
      • Profile picture of the author Odahh
        Originally Posted by tagiscom View Post

        I would say that you are misinterpreting what l previously said, l said an example, not my example of what l did.

        Most of the time l tried BC, l lost money, and l tried derivatives, since BC is very expensive.

        So yeah, l am quickly going off of it.

        you don'y have to but an entire bitcoin you can buy 100 dollars worth or 500 and technically you are not really even a day trader yet f you are just learning

        bitcoin was 6,500 usd a few days ago now it is over 8,000 as i write this..and can probably go to 10,000 or back to 6,000

        but it's gambling and the house or the exchanges win..by charging all the fees they do.. so if you want to get really rich with crypto start an exchange ..
        {{ DiscussionBoard.errors[11346678].message }}
  • Profile picture of the author alliance
    The Entire FinTech Industry is exploding including digital currencies, icos, blockchain and decentralization. It reminds me of the early Internet expansion of the 1990's.
    {{ DiscussionBoard.errors[11345456].message }}
  • Profile picture of the author phantomhackers
    Yes, it is the latest and the best to invest into now
    {{ DiscussionBoard.errors[11346357].message }}
  • Profile picture of the author Odahh
    tag because of the volatility ..if you are going to trade on margin in bitcoin and do not want to be glued to the computer 24 hours a day .. go about 50 percent no 10 percent ...

    real stock day traders at least only have to pay full attention the part of the day markets are open ..

    but remember you are gambling not investing
    {{ DiscussionBoard.errors[11346810].message }}
    • Profile picture of the author yukon
      Banned
      Originally Posted by Odahh View Post

      tag because of the volatility ..if you are going to trade on margin in bitcoin and do not want to be glued to the computer 24 hours a day .. go about 50 percent no 10 percent ...

      real stock day traders at least only have to pay full attention the part of the day markets are open ..
      That's why swing trading was invented.

      I'll be back in 3 days.





      Originally Posted by Odahh View Post

      but remember you are gambling not investing
      Hell, crossing the street is gamble. You know what I'm talking about, Frogger circa 1985.

      Good luck with the next Enron, Blockbuster, Toys"R"Us.
      {{ DiscussionBoard.errors[11346839].message }}
      • Profile picture of the author Odahh
        Originally Posted by yukon View Post

        That's why swing trading was invented.

        I'll be back in 3 days.




        Hell, crossing the street is gamble. You know what I'm talking about, Frogger circa 1985.

        Good luck with the next Enron, Blockbuster, Toys"R"Us.
        well by having a 50 percent margin instead of a 10 percent margin .. it give someone the ability to be more of a swing trader ... so a person can hold on a few dat to a month and most likely not get margin called while someone is asleep ..or closed out because the market went down 20 percent ..which is about a move from 8,000 back to 6,000

        enron almost took the economy out.. blockbuster and toys are us had plenty of warning ..

        the next big huge surprise is when news comes out about the many life saving drug that big pharma have bought the patents for and stuffed in a drawer to keep making money off the main drugs they sell as treatments ..
        {{ DiscussionBoard.errors[11346875].message }}
      • Profile picture of the author whateverpedia
        Originally Posted by yukon View Post

        Good luck with the next Enron, Blockbuster, Toys"R"Us.
        Strange that you didn't mention Amazon, Apple or Netflix.
        Signature
        Why do garden gnomes smell so bad?
        So that blind people can hate them as well.
        {{ DiscussionBoard.errors[11347875].message }}
  • Profile picture of the author Wounded
    Maybe to market. But investing in is another thing..
    {{ DiscussionBoard.errors[11347484].message }}
  • Profile picture of the author naviown
    Crypto currency, all related stuff to crypto is have such big potential and I think the sooner people start learning about it, implementing in their business, learning trading and so on, the sooner they will start earning nice amount of money. Crypto is very young yet, so it will be huge in few years.
    {{ DiscussionBoard.errors[11347604].message }}
    • Profile picture of the author DWolfe
      Originally Posted by naviown View Post

      Crypto currency, all related stuff to crypto is have such big potential and I think
      Blah, Blah, Blah, is that your standard reply it sounds like a broken 45 ( if you are younger than 30 you won't understand)


      Shane you speculated with Ether and a trash coin like bitcoin cash, that does not make you an expert. Your going to get burned with shorting bitcoin too, if you make a few mistakes. Go find some value stocks and go there you won't have to come here and compare them to tulips. Boring and safer but it is nice to buy when they are not in the news everyday, and receive the steady dividend each 1/4.
      Signature


      You can earn 10% average annual returns on your investments - https://app.groundfloor.us/r/m2aa7b
      {{ DiscussionBoard.errors[11347647].message }}
      • Profile picture of the author tagiscom
        Originally Posted by DWolfe View Post

        Your going to get burned with shorting bitcoin too, if you make a few mistakes. Go find some value stocks and go there you won't have to come here and compare them to tulips. Boring and safer but it is nice to buy when they are not in the news everyday, and receive the steady dividend each 1/4.
        True, Ether, and BC Cash had several issues, and Litecoin, phew,.....l don't really want to invest in that and probably lose money straight away again, (as seems to be the case most of the time with this currency, at least when l try it).

        Don't worry l am moving away from Cryptocurrencys, and into relatively safe long term investments.

        Far safer to invest into a company that has gone up for the last 5 years without any serious falls in share price, for short or long term options than one which has.

        {{ DiscussionBoard.errors[11347696].message }}
        • Profile picture of the author yukon
          Banned
          Originally Posted by tagiscom View Post

          True, Ether, and BC Cash had several issues, and Litecoin, phew,.....l don't really want to invest in that and probably lose money straight away again, (as seems to be the case most of the time with this currency, at least when l try it).

          Don't worry l am moving away from Cryptocurrencys, and into relatively safe long term investments.

          Far safer to invest into a company that has gone up for the last 5 years without any serious falls in share price, for short or long term options than one which has.



          Funny. "When you try it".

          That's you, not the rest of the world.

          Anyone that can't figure out how to profit from a crypto market will get burned on the stock market just the same.

          The problem isn't the markets (any market) it's throwing money at things based on emotions.

          You're fixated on specific cryptos like it's a friend.

          Good luck with a safe company, lmao. You're dreaming. I already pointed that out to you with the Facebook/stock example. One negative media story on your safe company [sic] and you're done.
          {{ DiscussionBoard.errors[11347715].message }}
          • Profile picture of the author tagiscom
            Originally Posted by yukon View Post

            Funny. "When you try it".

            That's you, not the rest of the world.
            Well, l have analyzed my results and BCC, etc, which can drop a few points very quickly, (or go from 401 to 392 very quickly, one of my examples) explains the almost immediate loss when completing the order.

            Same is true when it goes up, although with the order delay, an order that should have been a gain, was a loss.

            No, doubt when CC goes up, it really goes up, so l guess that is the attraction is big potential gains and the 24/7 thing?

            Anyone that can't figure out how to profit from a crypto market will get burned on the stock market just the same.

            The problem isn't the markets (any market) it's throwing money at things based on emotions.

            You're fixated on specific cryptos like it's a friend.
            No, l tested two different ones, with similar results. I care more about the profits than the stock, (l would like to invest in Tesla, for example).

            And if someone can get CC to work, then l agree that the Stock market would be the shallow end of the pool.

            Good luck with a safe company, lmao. You're dreaming. I already pointed that out to you with the Facebook/stock example. One negative media story on your safe company [sic] and you're done.

            Please bury your money in the backyard.
            I won't touch Facebook, since it is still in the mud, and if l bury anything in my back yard it will be coins, with some striped tulips on top!

            {{ DiscussionBoard.errors[11347723].message }}
            • Profile picture of the author DWolfe
              Originally Posted by tagiscom View Post

              No, l tested two different ones, with similar results. I care more about the profits than the stock, (l would like to invest in Tesla, for example).
              I hope you are being sarcastic about Tesla

              On another note : Notice the OP never came back to this thread or even thanked anyone. If he followed this thread he should have a few ideas about cryptocurrency or he thinks we are all crazy.
              Signature


              You can earn 10% average annual returns on your investments - https://app.groundfloor.us/r/m2aa7b
              {{ DiscussionBoard.errors[11347725].message }}
  • Profile picture of the author OptedIn
    So - in the past week I saw one of America's largest financial institutions state that Bitcoin, and cryptocurrencies in general were nothing but a bubble that was going to burst, sooner rather than later. A few days later I saw a so-call, 'well-respected' hedge fund manager claim that Bitcoin would be at $220,000 in the next 18 months. Of course he had just moved into the space, while the bank sees it as a potential threat.

    Additionally, the SEC is getting ready to drop the hammer on close to two dozen newly 'minted' crypto companies. Indictments will be served in the next 2 weeks.

    Common-sense dictates that this whole thing won't end well. I guess time will tell. In the interim, people will make what they deem to be knowledgeable declarative statements, based on their own play in the space.
    Signature

    "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

    {{ DiscussionBoard.errors[11347699].message }}
  • Profile picture of the author yukon
    Banned
    Here's what I've been trying to explain about crypto.

    You have to get it out of your head that crypto IS Bitcoin, it's not. There's far easier ways with newer/emerging coins.

    Cashed out today:
    • Fedoracoin +21.76% (24 hours)
    • Dimecoin +14.22% (24 hours)

    Literally start with $20 and turn it into thousands. I'm not selling anything I'm just here to tell you it's not complicated. There's a learning process and you should realistically expect to lose money while learning the markets but it's still not complicated. Heck, If you start with $20 and lose, who cares, it's $20. Learn what went wrong and throw another $20. The key is learning what to tweak next time.

    The biggest risk is holding for long periods of time.

    Always be taking profit, just like a day/swing trader. Get in. Get out.
    {{ DiscussionBoard.errors[11347722].message }}
    • Profile picture of the author Odahh
      Originally Posted by yukon View Post

      Here's what I've been trying to explain about crypto.

      You have to get it out of your head that crypto IS Bitcoin, it's not. There's far easier ways with newer/emerging coins.

      Cashed out today:
      • Fedoracoin +21.76% (24 hours)
      • Dimecoin +14.22% (24 hours)

      Literally start with $20 and turn it into thousands. I'm not selling anything I'm just here to tell you it's not complicated. There's a learning process and you should realistically expect to lose money while learning the markets but it's still not complicated. Heck, If you start with $20 and lose, who cares, it's $20. Learn what went wrong and throw another $20. The key is learning what to tweak next time.

      The biggest risk is holding for long periods of time.

      Always be taking profit, just like a day/swing trader. Get in. Get out.
      you like the coins worth way less than a dollar then which seems a very safe place to learn ..

      how are the fees
      {{ DiscussionBoard.errors[11347726].message }}
    • Profile picture of the author gotbangkok
      Originally Posted by yukon View Post

      Here's what I've been trying to explain about crypto.

      You have to get it out of your head that crypto IS Bitcoin, it's not. There's far easier ways with newer/emerging coins.

      Cashed out today:
      • Fedoracoin +21.76% (24 hours)
      • Dimecoin +14.22% (24 hours)

      Literally start with $20 and turn it into thousands. I'm not selling anything I'm just here to tell you it's not complicated. There's a learning process and you should realistically expect to lose money while learning the markets but it's still not complicated. Heck, If you start with $20 and lose, who cares, it's $20. Learn what went wrong and throw another $20. The key is learning what to tweak next time.

      The biggest risk is holding for long periods of time.

      Always be taking profit, just like a day/swing trader. Get in. Get out.
      Few things to add:

      - Crypto is not Bitcoin, Bitcoin is Bitcoin and 99% of cryptos follow in the footsteps of Bitcoin (pricewise).

      - Fedoracoin, and Dimcoin, and any shitcoin can pump (like you had mentioned) and these shitcoins will dump, as there is no reason to hold these types of shitcoins. So they are a lot higher risk, than if holding Bitcoin, is fact. No ETF or institutional money has any interest in anything but Bitcoin, and maybe ETH.
      Signature
      Stop Yulin - please sign the petition
      {{ DiscussionBoard.errors[11394254].message }}
  • Profile picture of the author Kurt
    >Re: Is Cryptocurrency Now The Hottest Niche To Venture Into?


    Lava Collection, Ghost Pepper Reicpes and Convection Oven Sales are also hot niches...
    Signature
    Discover the fastest and easiest ways to create your own valuable products.
    Tons of FREE Public Domain content you can use to make your own content, PLR, digital and POD products.
    {{ DiscussionBoard.errors[11347909].message }}
  • Profile picture of the author adamasher1
    Crypto is going to be there for a much longer period of time as people are now moving more closer towards cryptos. Moreover the AML regulations by FinCEN will completely change the concept of crypto overall.
    {{ DiscussionBoard.errors[11396168].message }}
    • Profile picture of the author gotbangkok
      Originally Posted by adamasher1 View Post

      Crypto is going to be there for a much longer period of time as people are now moving more closer towards cryptos. Moreover the AML regulations by FinCEN will completely change the concept of crypto overall.
      Looking forward to it all, embracing the new technology with a smile!
      Signature
      Stop Yulin - please sign the petition
      {{ DiscussionBoard.errors[11396438].message }}
  • Profile picture of the author mrbigdog
    Glenn Beck, former Fox News channel political talk show host recently interviewed Teeka Tiwari, an authority on the crypto markets about "The Great Bitcoin Cryptocurrency Conspiracy" and where he feels the crypto markets are headed over the next 1 to 3 years:

    {{ DiscussionBoard.errors[11399242].message }}
    • Profile picture of the author DWolfe
      Originally Posted by mrbigdog View Post

      Glenn Beck, former Fox News channel political talk show host recently interviewed Teeka Tiwari, an authority on the crypto markets about "The Great Bitcoin Cryptocurrency Conspiracy" and where he feels the crypto markets are headed over the next 1 to 3 years:
      You do know that is nothing but a promotional video. Right after the video ends Teeka promotes Palm Beach Confidential a $2500.00 membership ! If any thing sign up for all the promotional build up and realize how the funnel works and the marketing behind it. If you don't buy into the hype his limited offer lasts a few days with take away's. A few months from now a very similar offer will appear for Palm Beach Confidential.
      Signature


      You can earn 10% average annual returns on your investments - https://app.groundfloor.us/r/m2aa7b
      {{ DiscussionBoard.errors[11399412].message }}
      • Profile picture of the author mrbigdog
        Originally Posted by DWolfe View Post

        You do know that is nothing but a promotional video. Right after the video ends Teeka promotes Palm Beach Confidential a $2500.00 membership ! If any thing sign up for all the promotional build up and realize how the funnel works and the marketing behind it. If you don't buy into the hype his limited offer lasts a few days with take away's. A few months from now a very similar offer will appear for Palm Beach Confidential.
        Understood, they all do it. Nevertheless, they do provide content regarding upcoming events like the adoption of Crypto ETFs that could impact the industry.
        {{ DiscussionBoard.errors[11399432].message }}
        • Profile picture of the author OptedIn
          Originally Posted by mrbigdog View Post

          Understood, they all do it. Nevertheless, they do provide content regarding upcoming events like the adoption of Crypto ETFs that could impact the industry.
          Except, in the end, no one knows if the impact will be positive or negative. All you can do is surmise.
          Signature

          "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

          {{ DiscussionBoard.errors[11399447].message }}
    • Profile picture of the author tagiscom
      Originally Posted by mrbigdog View Post

      Glenn Beck, former Fox News channel political talk show host recently interviewed Teeka Tiwari, an authority on the crypto markets about "The Great Bitcoin Cryptocurrency Conspiracy" and where he feels the crypto markets are headed over the next 1 to 3 years:

      https://www.youtube.com/watch?v=dedAfW_3MXw
      Interesting, but nothing new.

      A lot of tech, stocks go up, and a lot of people would like to think that it will go up forever.

      I would say that they are sensationalizing the conversation to get higher ratings.

      But any good stockmarket book covers this!

      {{ DiscussionBoard.errors[11399418].message }}
  • Profile picture of the author RCoombs
    Cryptos, in particular Bitcoin,may be resurging this year. Some experts predict that the price will exceed the $20,000 acheived in December, 2017.

    The price of Bitcoin has already started to become bullish this month, surging past the $8,000 mark.

    The SEC rejected approving this month and postponed considering the Winklevoss Twins' ETFs until September 21, 2018.

    If the ETFs get approved in September, some are predicting that Bitcoin could go as high as $50,000 before the end of the year,
    {{ DiscussionBoard.errors[11403743].message }}
    • Profile picture of the author tagiscom
      Originally Posted by RCoombs View Post

      Cryptos, in particular Bitcoin,may be resurging this year. Some experts predict that the price will exceed the $20,000 acheived in December, 2017.

      The price of Bitcoin has already started to become bullish this month, surging past the $8,000 mark.

      The SEC rejected approving this month and postponed considering the Winklevoss Twins' ETFs until September 21, 2018.

      If the ETFs get approved in September, some are predicting that Bitcoin could go as high as $50,000 before the end of the year,
      This is what Bitcoin is presently doing...



      All indicators are that it is still falling, and this is a raw chart or no fee's are involved, so this is showing 11k instead of 8k, which is one reason investment company's are pushing this so hard, more profits for them.

      Not to mention the delay in orders, due to grouping orders together before it becomes active, so it is a lot harder to see a drop and gain and try to capitalize it.

      Not to mention the insane profits some companys are taking, Cityindex slugs you for about $150 for a minimal BC trade, while others a lot less.

      Resurging, lol, that is a bit like saying Tulips are resurging after baselining in the 1700's.

      When institutionalized investors pull out that is pretty much it.

      You can hope and pray, and listen to idiots all you want, it won't change the fact that it will keep falling.

      And sure you can still make money on the rises, but you can also do that with APPL and with a lot less risk.

      I would suggest reading a good book on investing before listening to some idiot about this. I can suggest one.

      I have read about wonderful looking stocks that some raved about and a year later was at baseline.

      But if you want to listen to so called experts, and throw all your money on this instead of holding back and buying a $30 book, then that is up to you.

      {{ DiscussionBoard.errors[11403820].message }}
      • Profile picture of the author MikeFriedman
        Originally Posted by tagiscom View Post

        And sure you can still make money on the rises, but you can also do that with APPL and with a lot less risk.

        I would suggest reading a good book on investing before listening to some idiot about this. I can suggest one.

        I have read about wonderful looking stocks that some raved about and a year later was at baseline.

        But if you want to listen to so called experts, and throw all your money on this instead of holding back and buying a $30 book, then that is up to you.

        That line right there shows why you have zero business giving out financial advice.

        You read one book and now think you are an expert on all things finance.
        {{ DiscussionBoard.errors[11404130].message }}
        • Profile picture of the author OptedIn
          Originally Posted by MikeFriedman View Post

          You claim to have read one book and now think you are an expert on all things finance.
          Edited for highly-probable increase in accuracy. :-)
          Signature

          "He not busy being born, is busy dying." - Bob Dylan • "I vibe with the light-dark point. Heavy." - Words that Bob Dylan wishes he had written.

          {{ DiscussionBoard.errors[11404133].message }}
          • Profile picture of the author Odahh
            Originally Posted by MikeFriedman View Post

            That line right there shows why you have zero business giving out financial advice.

            You read one book and now think you are an expert on all things finance.
            Originally Posted by OptedIn View Post

            Edited for highly-probable increase in accuracy. :-)
            well i gave up on getting Shane to see a bit of reason.. and stop treating bitcoin like a stock market security .. as the spike from october to february in the price of bit coin was do to crypto currency going from an asset class popular among fringe investors or a small group of investor.. into and asset class that everyone needed to consider .. and only a small percent of the total number of bitcoin was actually being traded during the run up ..

            bitcoin has a cost to mine .. and many of those holding bitcoins bought it when it was far lower in price than it is now .. so they are not seeing losses they are smart enough to see the gains .. as bitcoin right now is about 7,800 USD .. one year ago it was about 2,800 USd a year before that about 600..a year before that 300 a year before that 600 a year before that .. 120 ..

            the value of bitcoin is not based on the performance of a company or the supply of any tangible commodity ..it's based on the cost to mine new bitcoin .. and the price people are willing to but it at and willing to sell it at .. now there are many things that influence those three things ..

            but if you ignore why the spike happened and part of why the spike went away.. then look at the long term trend ..bitcoin can stay in this range or go lower.. or a little higher.. the next big event will probably not be until all the bitcoins are mined.. but there has been thousands of other currencies launched.. so the selling line of there are only going to be so many bitcoin.. is probably not that important .. once no more mining.. it will probably just cause electrity prices to go down worldwide..haha .. joking joking
            {{ DiscussionBoard.errors[11404194].message }}
        • Profile picture of the author tagiscom
          Originally Posted by MikeFriedman View Post

          That line right there shows why you have zero business giving out financial advice.

          You read one book and now think you are an expert on all things finance.
          I read one book, and 4 months experience, trading and learning, (l am half way through the second one).

          And yes l have messed about with several cryptos as well!

          As for APPL, or other FAANG stocks, (l am sure you know what that means) yes it is much safer, as long as it is on the right trading platform and done the right way.

          {{ DiscussionBoard.errors[11404179].message }}
          • Profile picture of the author MikeFriedman
            Originally Posted by tagiscom View Post

            I read one book, and 4 months experience, trading and learning, (l am half way through the second one).

            And yes l have messed about with several cryptos as well!

            As for APPL, or other FAANG stocks, (l am sure you know what that means) yes it is much safer, as long as it is on the right trading platform and done the right way.

            Wow. A whole 4 months? Well, I take back everything I said then. You are clearly an expert in the stock market.

            And it is hilarious that you keep bashing cryptocurrencies every chance you get, and meanwhile are trying to strike it rich with them on the side. You just cannot shy away from that get rich quick mentality. Always looking for the next shiny button to push.

            You really don't get why I made my comment.

            Anyone trying to time rises in a stock like APPL is just going to miss the majority of the gains and likely just lose money.

            You should read better books apparently.
            {{ DiscussionBoard.errors[11404235].message }}
            • Profile picture of the author whateverpedia
              Originally Posted by MikeFriedman View Post

              You should read better books apparently.
              He should really learn the difference between buying stocks and what he's doing, which is trading binary options (CFDs). Same thing with cryptos. They're all binary options.
              Signature
              Why do garden gnomes smell so bad?
              So that blind people can hate them as well.
              {{ DiscussionBoard.errors[11404246].message }}
              • Profile picture of the author Odahh
                Originally Posted by whateverpedia View Post

                He should really learn the difference between buying stocks and what he's doing, which is trading binary options (CFDs). Same thing with cryptos. They're all binary options.
                is he able to actually learn the difference ..
                {{ DiscussionBoard.errors[11404253].message }}
          • Profile picture of the author DWolfe
            Originally Posted by tagiscom View Post

            As for APPL, or other FAANG stocks, (l am sure you know what that means) yes it is much safer, as long as it is on the right trading platform and done the right way.
            How much money does Netflix spend for their material ? How much cash do they burn a quarter? What is there current debts vs profits ? The stock market is at all time highs ? What happend the last few days with Facebook and Netflix stocks? While we can't perdict the future if a does correction happem will Netflix come out better or worse off? How much money did Zuckberg loose last week with the sell off ?

            There is risk in everything, when stuff goes south people with little to no experience get crushed ! People that rush in at the Peak looking to make a killing hold on while the bottom falls out. Then sell out when the emotions take over taking big losses. It has happened in stocks, real estate, cryptos and other investments. You should not offer your 4 months worth of experience to others here. IMHO.
            Signature


            You can earn 10% average annual returns on your investments - https://app.groundfloor.us/r/m2aa7b
            {{ DiscussionBoard.errors[11404360].message }}
  • Profile picture of the author JennyTod
    Yes.
    2 years ago Virtual and Augmented reality was a hot topic.
    At this moment Blockchain is really popylar.
    When people here that someone win millions with bitcoin they of course want to know how.

    Many other industries are intrested in blockchain too!
    On the first position there are banks.
    After any B2C, cafe, shop etc.

    I would like to share link about how blockchain work, what is important ther, but afraid you will see it as spam.
    {{ DiscussionBoard.errors[11404617].message }}
Avatar of Unregistered

Trending Topics