Is Bitcoin going to be the currency of the internet?

OptedIn

5 years ago

Originally Posted by posinfo1

I have missed the boat

One man's boat is another man's sinking ship.

You have much to be thankful for, today. Don't blow it. :-)

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posinfo1 5 years ago

That is a good way of looking at it
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tagiscom

5 years ago

Originally Posted by posinfo1

Do you think that in time to come that there will be more Bitcoin ecommerce or do you think that the main online currency will still be the US dollar?

Considering how much BC is dropping, some are trying to create another Bitcoin based on the US currency, (called stablecoin, or something like that).

So a better idea, but not by much.

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posinfo1

5 years ago

I will keep at look out. I somehow think that you needed to be on the ground floor.

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OptedIn 5 years ago

Originally Posted by posinfo1

I will keep at look out. I somehow think that you needed to be on the ground floor.

Edited for accuracy.
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  Thanks I have made the edit
  
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palmtreelife

5 years ago

A lot of cryptocurrency and blockchain experts believe we're only in inning #2 of this technology. BC topped $20,000 last year and now it's a few thousand? So even if it gets back to where it was, that would be a tidy profit. Again though, many experts believe it will go much much higher than that.

Once (if) institutional money gets more involved, the masses will jump on the bandwagon and rocket the value. There are reports coming out every week of this company and this business and this industry and this bank "investigating" or "forming committees" for crypto and blockchain.

The principles behind blockchain seem sound. It seems difficult to imagine blockchain technology not taking off as it solves many problems that banks and paper money currently deal with every day.

The point: if this is really going to be a thing, we are very much on the ground floor right now.

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tagiscom

5 years ago

Originally Posted by palmtreelife

A lot of cryptocurrency and blockchain experts believe we're only in inning #2 of this technology. BC topped $20,000 last year and now it's a few thousand? So even if it gets back to where it was, that would be a tidy profit. Again though, many experts believe it will go much much higher than that.

Once (if) institutional money gets more involved, the masses will jump on the bandwagon and rocket the value. There are reports coming out every week of this company and this business and this industry and this bank "investigating" or "forming committees" for crypto and blockchain.

The principles behind blockchain seem sound. It seems difficult to imagine blockchain technology not taking off as it solves many problems that banks and paper money currently deal with every day.

The point: if this is really going to be a thing, we are very much on the ground floor right now.

Many have tried to get institutionalized investors on board again but they ain't interested, including the dimwits that claim it will top a million soon, or another way to put it ignoring the fact that they have lost a packet and convincing themselves that it will go up, or the ones hoping for a pump and dump, and like plenty of bacon on their bull steaks.

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MichaelQuinn

5 years ago

Originally Posted by palmtreelife

A lot of cryptocurrency and blockchain experts believe we're only in inning #2 of this technology. BC topped $20,000 last year and now it's a few thousand? So even if it gets back to where it was, that would be a tidy profit. Again though, many experts believe it will go much much higher than that.

Once (if) institutional money gets more involved, the masses will jump on the bandwagon and rocket the value. There are reports coming out every week of this company and this business and this industry and this bank "investigating" or "forming committees" for crypto and blockchain.

The principles behind blockchain seem sound. It seems difficult to imagine blockchain technology not taking off as it solves many problems that banks and paper money currently deal with every day.

The point: if this is really going to be a thing, we are very much on the ground floor right now.

I agree I think it's the blockchain tech itself that is most valuable, not which branded coin is the most popular name. I personally have a position in a different coin, hopefully Elon Musk and John McAfee will be right about it's value and viability lol

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Princess Balestra

5 years ago

Dialog, Sweetie, always dialog.

Currency is heart an' soul 'bout maxo exchange between fired up blastopeeps hittin' the f*ck off.

Anythin' else gowin' on is kinda ACCIDENT.

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Odahh

5 years ago

Originally Posted by posinfo1

Internet Marketers seem to be people that are in touch with technology, the internet and things that are trending. I would be interested to hear your views on Bitcoin. I do not currently hold any stock in this currency and have felt even at today's prices that I have missed the boat in terms of it being an investment.

Do you think that in time to come that there will be more Bitcoin ecommerce or do you think that the main online currency will still be the US dollar?

bitcoin is an digital asset that's only value is the speculation that it will be more usefull in the future.. it can not act as a real currency or medium of exchange ..

block chain great potential.. bit coin ..look US dollars and other currencies .. i can agree to pay you so much every month ..or a set number of payments .. with the volatility of most crypto .. you cannot do that ..

there is nothing you can do to effect the value of bitcoin.. and it does not provide any way to produce cashflow ..it is not an investment it is pure speculation

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posinfo1

5 years ago

Thanks for that. Those who bought Bitcoin last December must be feeling that the speculation on the currency has become something of a nightmare. It is currently trading at 80% less than last December's peak price.

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OptedIn 5 years ago

Originally Posted by posinfo1

It is currently trading at 80% less than last December's peak price.

And still sinking like a rock.
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Odahh

5 years ago

Originally Posted by posinfo1

Thanks for that. Those who bought Bitcoin last December must be feeling that the speculation on the currency has become something of a nightmare. It is currently trading at 80% less than last December's peak price.

most of those who bought near 20 most likely got out at 15 or 12 .. and took their losses ..

but remember there where people who bough gold at the high in the 70's (that adjusted for inflation it has yet to reach again)..and are still declaring the us dollar will fall and a gold backed currency is the future..

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brytespaklz

5 years ago

I think it is good to understand the underlying philosophy behind Bitcoin ( a cryptocurrency) .

One is the technology that powers it- Blockchain technology. This greatly reduces the cost and time element of financial transactions. It also increases security. This technology is here to stay and is being explored and adopted by several big financial and non-financial organizations. This means bitcoin will not hit the trash can any time soon.

Secondly is the speculative value of bitcoin. Well, the continuous introduction of other equally popular cryptocurrencies e.g. Ethereum, means the growth in the speculative value of bitcoin is likely to slow down over the next 6-9 months. However the recent comment by The Managing Director of the IMF advising Central banks all over the world to seriously consider adopting cryptocurrencies for transactions means there will likely be a temporary spike in the value of bitcoin which is the first cryptocurrency.

You can however still get your share of the cryptocurrency pie and still minimise your risk by investing in cryptocurrency mining. There are several mining companies you can invest a token amount in and get monthly rewards. Genesis Mining is one of them.
Goodluck.

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OptedIn 5 years ago

Originally Posted by brytespaklz

Goodluck.

You'll need it.
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ryanbiddulph

5 years ago

Hi Mark,

If it does become the main internet currency it will be far beyond our lifetimes.

Trust; BTC is years off from being fully trusted enough by the majority of internet folks so we actually lobby institutions to accept BTC. Too much fear, greed, desperation and wildness concerning it. But things should settle down, eventually. Long ways off though.

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Odahh

5 years ago

Originally Posted by ryanbiddulph

Hi Mark,

If it does become the main internet currency it will be far beyond our lifetimes.

Trust; BTC is years off from being fully trusted enough by the majority of internet folks so we actually lobby institutions to accept BTC. Too much fear, greed, desperation and wildness concerning it. But things should settle down, eventually. Long ways off though.

Here is my theory as why Bit coin .. can not function as a currency at any type of scale ..now or at any point in the future. and why prices may never be set in any crypto currency.. but payments of 20 Usd worth of bitcoin or Ether.. or what ever crypto .. might become common ..

nothing to do with fear or distrust .. right now 20 usd worth of bitcoin where bitoins is about 4,000 usd per .. wait can you do the math in your head .. is tha .005 of a bitcoin i ow you or .0005 .. or wait is it even ..the conversion math is difficult.. near improssible for 90 plus percent of people

and i am not going borrow a certain amount of bit coin and promis to pay that same amount of bit coin back with bitcoin interest .. with wild shifts in value ..

Block chain is going to grow as a tech .. but crypto currencies will not dominate as currency in their current state

but my theory

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posinfo1 5 years ago

My feeling is that Bitcoin and other crptocurrencies are a coming idea rather than something to put your life savings in.
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tagiscom

5 years ago

Yes, l sat in on my Mothers yearly financial update recently, and asked a professional managing millions of dollars of his clients money, about Bitcoin.

He said that it was a junk stock and based on greed.

So l would say that BC is a currency for the emotional needy and deniast bankrupts.

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Nosi

5 years ago

If you buy and hold BC yes it is very risky, but if you mining bitcoin you are safe. I am mining bitcoin on bitclub network the best decision ever

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posinfo1 5 years ago

Mining seems like a smart way of getting Bitcoins.

Do you need any special kit or training to do mining?
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- OptedIn 5 years ago
  
  Originally Posted by posinfo1
  
  Do you need any special kit or training to do mining?
  
  A Google search for Bitcoin mining will provide a wealth of information on this topic.
  
  Your opinion on how easy it is, will probably change after doing your research.
  
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whateverpedia

5 years ago

Originally Posted by Nosi

If you buy and hold BC yes it is very risky, but if you mining bitcoin you are safe. I am mining bitcoin on bitclub network the best decision ever

According to Mr Google you're not mining bitcoins at all and there's no evidence that bitclub network.is doing any mining either. Any money that's generated (and once again there's no evidence of that occurring) comes from recruiting new members into the "club".

It is a classic Ponzi scheme.

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Odahh

5 years ago

Originally Posted by whateverpedia

According to Mr Google you're not mining bitcoins at all and there's no evidence that bitclub network.is doing any mining either. Any money that's generated (and once again there's no evidence of that occurring) comes from recruiting new members into the "club".

It is a classic Ponzi scheme.

Doesn't this describe bitcoin itself .. any value comes from new people being willing to buy bitcoin ..there is just no single person running it.. just a computer algorithm created by a person or group we have no idea exactly for sure the identities of

I am pro block-chain ..and it think cryptos that can be used as real currencies will be very important in the future ..just not bitcoin

bitcooin.. has the future of AOL/myspace

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Nosi 5 years ago

There are daily dividents you earn which you can exchange in any currency and use it anytime once you bought mining shares and it is an option for you to recruit and earn extra income
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hardraysnight 5 years ago

Originally Posted by Nosi

If you buy and hold BC yes it is very risky, but if you mining bitcoin you are safe. I am mining bitcoin on bitclub network the best decision ever

can you give us actual results because you need a degree in pataphysics to un derstand the website
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- whateverpedia 5 years ago
  
  Originally Posted by hardraysnight
  
  can you give us actual results because you need a degree in pataphysics to un derstand the website
  
  There's the thing, I read a few reviews I found on Google going back to when BTC was just beginning its upward climb, but before it went through the roof. No-one could provide any proof that money was actually being earned in the network.
  
  Instead of "investing" in the club to make money from their alleged mining activities you could have simply bought a few BTC for the same investment and sat back and cashed out when it went ballistic.
  
  As I stated above, the only money being generated is by recruiting new members into your downline. Even then there doesn't seem to be much money being earned for "investors", apart from the ones who set it up in the first place.
  
  It is also worth noting that the US authorities have banned US citizens from joining the "club".
  
  That last sentence is probably all you need to know about it.
  
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Kay King

5 years ago

Perhaps the most lasting impression of BC years from now will be the digital ink spent writing about it.

From $0 to $20k to $3600 today....and there are still proponents who claim 'it will hit one million'.

Seems to me the only smart investment in crypto is to buy 1-2 units when they first launched and then hope for profit in the future. People who bought in at the 'high' are not investors - they are wannabe speculators...a/k/a fools.

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Odahh

5 years ago

Originally Posted by Kay King

Perhaps the most lasting impression of BC years from now will be the digital ink spent writing about it.

From $0 to $20k to $3600 today....and there are still proponents who claim 'it will hit one million'.

Seems to me the only smart investment in crypto is to buy 1-2 units when they first launched and then hope for profit in the future. People who bought in at the 'high' are not investors - they are wannabe speculators...a/k/a fools.

or buy $5.00 USD worth when new ones are launched when they are $0.001 usd a coin ..and twiddle your thumbs watching what happens over months or years ..it's a cheep ticket .

I have adopted /adapted the definition of investment from Kevin O'Leary of sharktank. Being that an investment is something that provides income /cash flow. Buying strictly for the change in value is speculation. I personally add if you can increase the value it also qualifies as an investment .

at this point cryptos are neither real currencies or with the above definition of investment.. they are not investments either . purly a speculative asset class .with the most 99 percent of people involved able to do to increase the value.. is to drive interest and get more people to buy .

In the future this may change how far in the future is the question

as we get further away from the 20 peak in time and value .. it is harder for the pro bitcoin people to convince new people to buy in . Maybe there can be another worldwide hack that locks criticle files and demands payment in bitcoin to unlock your important files ..like last year before the big run up

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posinfo1

5 years ago

I think that newer crypto currencies that are a penny a coin or less give the small investor a chance of making a sizeable amount of money if the currency takes off. It would appear that there are a lot of different crypto coins (over 1000) and that picking a winner is probably a big ask.

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Odahh

5 years ago

Originally Posted by posinfo1

I think that newer crypto currencies that are a penny a coin or less give the small investor a chance of making a sizeable amount of money if the currency takes off. It would appear that there are a lot of different crypto coins (over 1000) and that picking a winner is probably a big ask.

by winner ..a lot of people who "believe" in crypto ..talk like winning the crypto game is buying crypto now..selling it several years in the future and effortlessly becoming rich ..

I may be wrong but that is the feel i get ..they are attempting to chose the ones that will survive and become viable currencies in the future . while the limited nature of most cryptos are what prevent them from being real wide scale currencies ..

its like hey i have petfood.com invest in me and we will go public in and ipo ..or get bough for large money .. and we will al be rich who needs a business plan .. OR hey lets make money lending hundreds of thousands of dollars to people with no incom or no jobs to buy homes .. and bundle pieces of those loans together .. well more like being the people with no income no jobs takeing those loans and hopeing to get rich selling the home for twice as much in 2 years ..

So i explain where my bias comes from about crypto believers ..

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posinfo1 5 years ago

I agree that the time to get into BC was about 10 years ago when it was trading at less than a dollar a coin. To me the price although lower than it has been is still very high.
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Kay King

5 years ago

and twiddle your thumbs watching what happens over months or years ..it's a cheep ticket .

No need to twiddle thumbs - just go on about your life and check back every few years to see what's up.

We visited a great aunt last week - she's in her 80's and her mind is sharp and focused and she's a hoot. We were talking about some old pinball machines she used to have in her 'party room'. She had sold them years ago but then started pulling out 'stuff'...

A manual coin changer from generations ago - old bottles and blown glass banks....painted tins and signs and a bike from the 1950's in mint condition (with a banana seat and not a scratch on it)....silver certificates and gold coins and on and on. None of it expensive way back when - most of it quite valuable now.

Today these items would be called 'investments' - Aunt Helen refers to them as 'stuff i liked and never got rid of'....

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Odahh

5 years ago

Originally Posted by Kay King

No need to twiddle thumbs - just go on about your life and check back every few years to see what's up.

We visited a great aunt last week - she's in her 80's and her mind is sharp and focused and she's a hoot. We were talking about some old pinball machines she used to have in her 'party room'. She had sold them years ago but then started pulling out 'stuff'...

A manual coin changer from generations ago - old bottles and blown glass banks....painted tins and signs and a bike from the 1950's in mint condition (with a banana seat and not a scratch on it)....silver certificates and gold coins and on and on. None of it expensive way back when - most of it quite valuable now.

Today these items would be called 'investments' - Aunt Helen refers to them as 'stuff i liked and never got rid of'....

Though willing to be identified as crazy there is so much of this unaccounted for wealth in the country .. stuff that probably was junk for a time after it had it's useful stuff.. that again has value .. That is just not factored in to the wealth equations being used .

but it is real.. it is stuff you can put your hands on and either brings back memories of people or allows people to tell stories and create memories of times gone by .. that words in a text book can't approach as vividly.

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Jeffery

5 years ago

Originally Posted by Kay King

No need to twiddle thumbs - just go on about your life and check back every few years to see what's up.

We visited a great aunt last week - she's in her 80's and her mind is sharp and focused and she's a hoot. We were talking about some old pinball machines she used to have in her 'party room'. She had sold them years ago but then started pulling out 'stuff'...

A manual coin changer from generations ago - old bottles and blown glass banks....painted tins and signs and a bike from the 1950's in mint condition (with a banana seat and not a scratch on it)....silver certificates and gold coins and on and on. None of it expensive way back when - most of it quite valuable now.

Today these items would be called 'investments' - Aunt Helen refers to them as 'stuff i liked and never got rid of'....

Ironic to say the least. My aunt's name was Aunt Helen. We have so much in common.

My aunt passed years ago. She was dirt poor growing up and married one of the wealthiest men in the U.S. Another story. Being from a poor background and suddenly finding herself with what seemed like the world at her beck-n-call (mansion and servants as an example) she never forgot where she came from and never threw anything away.

I was too young to know any of that at the time. Over a few summers I spent time with mu aunt and uncle growing up. They taught me values. Work for what you get. Value everything.

Many a summer day I would store stuff in an outside guest house for my aunt and learn fly fishing from my uncle. My aunt taught me the goodness to help the poor and my uncle taught me the poor must eat. We also spent many a day delivering stuff to the American Legion and delivering fish to soup kitchens.

When my uncle passed he include me in his will - the fishing fly collection. When my aunt passed she left me acres of county land with some of the states best fishing lakes and rivers. Both are resting on that land today.

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Kay King

5 years ago

there is so much of this unaccounted for wealth in the country .. stuff that probably was junk for a time after it had it's useful stuff

Exactly - and when it was considered 'junk' or 'no longer useful' - 98% of people got rid of it...tossed it away, burned it in the trash heap, etc.

I'm guessing on percentages (obviously) but I think my aunt was part of the 2% who tucked things away in the attic or basement till they were valuable again.

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Odahh

5 years ago

Originally Posted by Kay King

Exactly - and when it was considered 'junk' or 'no longer useful' - 98% of people got rid of it...tossed it away, burned it in the trash heap, etc.

I'm guessing on percentages (obviously) but I think my aunt was part of the 2% who tucked things away in the attic or basement till they were valuable again.

Getting an understanding of why a lot of this stuff is valuable or way more valuable than when it was new .in many cases it from younger people or interior designers trying to give a room a unique look. So stuff that was originally a few dollars or pennies 40 or 50 years ago is worth hundred or thousands now .

Now bringing this back to crypto . or currency or why so many people hate on fiat currency . and love crypto or gold.. is that they will look at the increase in value of these items . Then somehow try to completely mold it to the devaluation of the Us dollar . Leaving out all other factors . all do to inflation .

So of course the answer is to have a limited currency . like a bitcoin or gold backed currency .

for a crypto to be functionally useful as a real currency it can't have the potential to change in value hundreds or thousands of percent in days weeks or months needs to hold about the same value for long periods of time ..to be stable

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tagiscom

5 years ago

Originally Posted by Kay King

Perhaps the most lasting impression of BC years from now will be the digital ink spent writing about it.

From $0 to $20k to $3600 today....and there are still proponents who claim 'it will hit one million'.

Seems to me the only smart investment in crypto is to buy 1-2 units when they first launched and then hope for profit in the future. People who bought in at the 'high' are not investors - they are wannabe speculators...a/k/a fools.

I talked to my Mothers investment manager about that also, or people who buy high and sell when it is low, and l believe that the correct term is idiots.

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waitingforday

5 years ago

Maybe, i think bitcoin will be a currency and ethereum will be a base for blockchain technology

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OptedIn

5 years ago

Bitcoin fell as much as 7 percent on Friday, heading towards a recent one-year low in a broad-based selloff in cryptocurrencies.

Just doing my bit to keep the dream alive. lol

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waitingforday

5 years ago

Originally Posted by OptedIn

Bitcoin fell as much as 7 percent on Friday, heading towards a recent one-year low in a broad-based selloff in cryptocurrencies.

Just doing my bit to keep the dream alive. lol

Nothing new.

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OptedIn 5 years ago

Originally Posted by waitingforday

Nothing new.

I live to serve. It's a gift. Don't hate me because I'm beautiful. :-)
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- whateverpedia 5 years ago
  
  Originally Posted by OptedIn
  
  Don't hate me because I'm beautiful. :-)
  
  That isn't why we hate you.
  
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  OptedIn 5 years ago
  
  Originally Posted by whateverpedia
  
  That isn't why we hate you.
  
  As long as you have what you consider to be a good reason, I'm fine with that.
  
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ScottSoarpay

5 years ago

If you want to invest in something, there's a fallacy that you "missed the right time" - so I'd say that you could absolutely still do that.

As for currency of the internet? I don't know. Bitcoin will certainly be around... but the internet has already made it this far with traditional currencies, I don't see that as all of a sudden ending.

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Alex Blades

5 years ago

" Is Bitcoin going to be the currency of the internet? "

No

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danoce

5 years ago

Bitcoin was an experiment, I don't think it will replace money. It's good as alternative payments for ecommerce sites. The bitcoin price right now is 3k, a few weeks ago it was 5k... who do you think will accept payments only with bitcoin? That's bad for business. Only criminals will make profit. It's good for alternative payments but main payments? I don't think so. Nothing will change the power of US dollar for the moment.

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OptedIn

5 years ago

Originally Posted by danoce

Bitcoin was an experiment, I don't think it will replace money. It's good as alternative payments for ecommercesites. The bitcoin price right now is 3k, a few weeks ago it was 5k...

I guess you missed it when it was at $20k+. :-)

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danoce

5 years ago

Originally Posted by OptedIn

I guess you missed it when it was at $20k+. :-)

Yep... I sold almost 20 bitcoins when they was less than 1k 2 or 3 years ago and after 2 months the price was 20k. I will remember that day when I saw the price was 20k for the rest of my life.

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Odahh

5 years ago

Originally Posted by danoce

Yep... I sold almost 20 bitcoins when they was less than 1k 2 or 3 years ago and after 2 months the price was 20k. I will remember that day when I saw the price was 20k for the rest of my life.

how much did you buy them for originally .. if you made a profit you made a profit ..

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danoce

5 years ago

Originally Posted by Odahh

how much did you buy them for originally .. if you made a profit you made a profit ..

I got them basically for free, it was a payment for a project when the price was 100-200$ I don't remember exactly, I spent a few before I sold all because the price was going lower and lower and I got scared. I still got some profit but... the profit could be 20-25 times higher at the right time. Now because I did invested some time studying Bitcoin I can say it's just a matter of time untill will explode again but this time I have less than .5 bitcoin.

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Odahh

5 years ago

Originally Posted by danoce

I got them basically for free, it was a payment for a project when the price was 100-200$ I don't remember exactly, I spent a few before I sold all because the price was going lower and lower and I got scared. I still got some profit but... the profit could be 20-25 times higher at the right time. Now because I did invested some time studying Bitcoin I can say it's just a matter of time untill will explode again but this time I have less than .5 bitcoin.

you had a window of 2-3 weeks ..and the 20 k was for a few days..

you apparently made over 1000 percent on your investment or 500-1000 percent ..

that greedy part of you that regrets selling ..instead of being happy that you made made 5 to 10 times your money in a year or a few years .. runs the risk that you will not get out when you have alread made a great return .. then next time ..

be happy with gains ..especially when they are real good gains ..

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tagiscom

5 years ago

Originally Posted by danoce

I got them basically for free, it was a payment for a project when the price was 100-200$ I don't remember exactly, I spent a few before I sold all because the price was going lower and lower and I got scared. I still got some profit but... the profit could be 20-25 times higher at the right time. Now because I did invested some time studying Bitcoin I can say it's just a matter of time untill will explode again but this time I have less than .5 bitcoin.

Only a matter of time until it Implodes!

I have read about stocks that were taking off, and investors got on board, then it dropped 10%, and everyone thought, usual lows, nothing to worry about, then it dropped 20%, and still some held on convincing themselves that it will come good.

A year later 80% or more of this stock that the media were raving about was gone, with no upward trend in sight.

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danoce

5 years ago

Originally Posted by tagiscom

Only a matter of time until it Implodes!

I have read about stocks that were taking off, and investors got on board, then it dropped 10%, and everyone thought, usual lows, nothing to worry about, then it dropped 20%, and still some held on convincing themselves that it will come good.

A year later 80% or more of this stock that the media were raving about was gone, with no upward trend in sight.

Like I said before bitcoin back in the days was an experiment, an ideea, something revolutionary, right now is just a business. It got corrupted like anything in society and is used to make money for some. Some will get rich and some will lose... that's how things works in any business.

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tagiscom

5 years ago

Originally Posted by danoce

Like I said before bitcoin back in the days was an experiment, an ideea, something revolutionary, right now is just a business. It got corrupted like anything in society and is used to make money for some. Some will get rich and some will lose... that's how things works in any business.

I figure that the only ones getting rich are the ones pushing the pyramid/MLM BC type schemes, and the ones finding a new angle to BC, but l would say with countries and corporations overall clamping down on this, BC is most likely headed for a baseline existence.

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danoce

5 years ago

Originally Posted by Odahh

you had a window of 2-3 weeks ..and the 20 k was for a few days..

you apparently made over 1000 percent on your investment or 500-1000 percent ..

that greedy part of you that regrets selling ..instead of being happy that you made made 5 to 10 times your money in a year or a few years .. runs the risk that you will not get out when you have alread made a great return .. then next time ..

be happy with gains ..especially when they are real good gains ..

The right percent was a profit of 500-600%. Before I get rid of all my bitcoins I was thinking to keep at least 3-4, because even like that without selling the last 3-4 coins was still a profit... that was the mistake. If the price goes lower again to 1k, I will buy bitcoin from all the profit I got at that time because mathematically speaking I still don't pay from my "own money".

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Odahh

5 years ago

Originally Posted by danoce

The right percent was a profit of 500-600%. Before I get rid of all my bitcoins I was thinking to keep at least 3-4, because even like that without selling the last 3-4 coins was still a profit... that was the mistake. If the price goes lower again to 1k, I will buy bitcoin from all the profit I got at that time because mathematically speaking I still don't pay from my "own money".

well if you followed the law and reported the profit you made and paid taxes on that.. what you are left with is your money ..

unless of course you didn't report it and dodged the taxes ..

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tagiscom

5 years ago

Originally Posted by Dororall

As the cryptocurrency market is developing rapidly, I dare to suggest it has a bright future and a big potential. In my view, the cryptosystem even may replace the traditional banking system, why not?

Yes, l feel like l am in a Groundhog Day rerun, and yep you have issues, and l hope that you can get professional help soon.

Originally Posted by lanfear63

This thread keeps getting dredged up. crypt o currency is a dead horse. Something that is based on nothing of any value will always end up failing.

Yes, in the true sense of the word, it is dead, and will be buried soon enough.

Why teenagers go for this pile of,....never mind is beyond me, it has plunged and shows all signs of plunging down to baseline.

Maybe l should sell my tulip stocks now, after 300 years l am sure it will rise in value soon.

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joldschool

5 years ago

I still have faith in BTC, and a few other alt coins actually. But the free for all party is over.

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dendi258

5 years ago

If it will be legal so why not?

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OptedIn 5 years ago

Originally Posted by dendi258

If it will be legal so why not?

It's legal to bet on the ponies. Do you need me to tell you why it might not be such a good idea to do so?
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naviown

5 years ago

Could be and will probably be.
A few days ago big huge news came, facebook will launch his own crypto currency, with all the user of facebook, cryptos will get huge attention from people who don't know what cryptos are or havent been involved in cryptos at all, so bitcoin can start recovering with all other alt coins. Maybe it's the end of bear market and the bottom was reached? I think it is.

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tagiscom

5 years ago

Originally Posted by naviown

Could be and will probably be.
A few days ago big huge news came, facebook will launch his own crypto currency, with all the user of facebook, cryptos will get huge attention from people who don't know what cryptos are or havent been involved in cryptos at all, so bitcoin can start recovering with all other alt coins. Maybe it's the end of bear market and the bottom was reached? I think it is.

Crypto has dropped 71%, and has recovered slightly in March, 2019, which l remember mentioning last year.

I also remember saying that that will be it, and it will drop into oblivion after that.

So it is an individual choice whether to invest in this, or not, but l wouldn't go near it, regardless of whether a corporation that has taken a hit in its own right, is going to push this.

Good luck.

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Dororall

Banned 5 years ago

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Dororall

Banned 5 years ago

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lanfear63

5 years ago

Originally Posted by Dororall

As the cryptocurrency market is developing rapidly, I dare to suggest it has a bright future and a big potential. In my view, the cryptosystem even may replace the traditional banking system, why not?

This thread keeps getting dredged up. crypt o currency is a dead horse. Something that is based on nothing of any value will always end up failing.

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Odahh 5 years ago

Originally Posted by lanfear63

This thread keeps getting dredged up. crypt o currency is a dead horse. Something that is based on nothing of any value will always end up failing.

so the Us dollar and all other fiat currencies ? will end up falling .at some point .. but at least today if i have dollars there is stuff i can buy with it.. that is the value of a currency.. what i can buy with it.. but the reason for fiat currencies .. is those who print them want people to spend them and not save them ..

that is the problem with bit coin and other crypto currencies .. the only value is that it may be more valuable in the future ..

the value of anything rest in the price someone will pay for it .
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DWolfe 5 years ago

Originally Posted by lanfear63

This thread keeps getting dredged up. crypt o currency is a dead horse. Something that is based on nothing of any value will always end up failing.

Shhh don't tell Naviown here he made get upset

There are a few crypto's now starting to be backed up by using gold and the blockchain and others reward people for doing research or switching to solar energy. They still have a long way to go. You would just have to look them up.

But most of the people that dig up this thread use it to push their agenda, spam the forum or promote their signature. Bitcoin is back to about 4 grand and holding steady. But it is not worth getting caught up in the hype and speculation, like so many learned the hard way.
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Vrobin012

5 years ago

Considering the technology and innovation that surrounds Bitcoin there is a lot of hope. The number of projects associated with Bitcoin is huge and the innovation we are experiencing today has never been like this. 100's of institutions are on-board. Currently I am working on a platform about to launch which is solely based on Bitcoin. The major focus should be over the underlining technology and the merger of Bitcoin with lightning network.

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Lily777

Banned 5 years ago

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tagiscom

5 years ago

Originally Posted by Lily777

There are many discussions about Bitcoin on different cryptocurrency forums. I check them from time to time in order to be aware of the situation on the crypto market. I should say, most people believe in Bitcoin and are sure that it has a great future. As for me, I was skeptic when this currency appeared, but I had to change my mind. So, it really can happen that Bitcoin will be a currency of the Internet.

Yeah, and the casino's patrons all think that it is wonderful and they are going to make a bundle, as a comparison...

Except the ones that have lost it all or their house, then they tend to walk out, mumbling 4 letter words.

Most BC products out there are scams, and one l keep hearing about is the butter them up then pull the rug scam.

Or invest in this blah, blah, so someone puts in $200, and it doubles, then they think, after the Financial expert tells them to solidify their position or equal crap puts in $500, and that doubles, then they put in $5k, and lose some, then the expert tells them to put in 30k, and they do and lose the lot.

Then someone else from this scam contacts them and tells them they feel sorry for their loss, and for another 10k, can fix this or show a profit.

All the while, while every cent they put into this is one way only, (usually) or a scam.

Why people keep falling for this crap is beyond me?

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Odahh

5 years ago

Originally Posted by tagiscom

Yeah, and the casino's patrons all think that it is wonderful and they are going to make a bundle, as a comparison...

Except the ones that have lost it all or their house, then they tend to walk out, mumbling 4 letter words.

Most BC products out there are scams, and one l keep hearing about is the butter them up then pull the rug scam.

Or invest in this blah, blah, so someone puts in $200, and it doubles, then they think, after the Financial expert tells them to solidify their position or equal crap puts in $500, and that doubles, then they put in $5k, and lose some, then the expert tells them to put in 30k, and they do and lose the lot.

Then someone else from this scam contacts them and tells them they feel sorry for their loss, and for another 10k, can fix this or show a profit.

All the while, while every cent they put into this is one way only, (usually) or a scam.

Why people keep falling for this crap is beyond me?

Because the quickest way to make a small fortune is to start with a large fortune .

Any dumb f#$@ not willing to the time in studying a market. Or developing their own investment stratagy . For the long term . And just hands their money over to so called experts .

Any losses go under the stupid tax

Around the world there is like 30 trillion dollars in investments that bring near zero interest rate or negative interest rates.

The stock market is at an all time high with a trade war going on that can crash it any time .

And real estate markets around the world tend to be at the bubble stage .

There is plenty of information out there a for people to study and assets they wish to invest in . Or they can be stupid and hand it to a so called expert

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tagiscom

5 years ago

Originally Posted by Odahh

Because the quickest way to make a small fortune is to start with a large fortune .

Any dumb f#$@ not willing to the time in studying a market. Or developing their own investment stratagy . For the long term . And just hands their money over to so called experts .

Any losses go under the stupid tax

Around the world there is like 30 trillion dollars in investments that bring near zero interest rate or negative interest rates.

The stock market is at an all time high with a trade war going on that can crash it any time .

And real estate markets around the world tend to be at the bubble stage .

There is plenty of information out there a for people to study and assets they wish to invest in . Or they can be stupid and hand it to a so called expert

Yes, the guy l mentioned before was based on an actual account in the paper or the financial section.

Some other dimwit, carried on about some new BC, this guy that normally wouldn't touch it, got interested enough to try $200, believing that it wasn't much to risk, and he kept winning til he blew the lot.

I know how insidious a slight change in perceived risk can grow into a disaster, and how the authorities, (in AU, and probably abroad) cannot help.

These a***** have all bases covered, but people with a lot of cash, that typically work hard all their lives are a worm ready to be baited.

And not sure about crash at any time, October will be the one to watch, and the markets are certainly getting hammered, but trade based investments are certainly fairing worse than others...

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jquan

Banned 5 years ago

No I don't think bitcoin has a chance to replace currency in this current year unless something changes significantly.
Its being used as an investment, for crypto to be accepted its needs to be a stable coin like xrp.
where the value isn't going too change much.

At the moment xrp price is relative to bitcoin and that means that xrp is not stable.
USDT might be another option, but there is some strange movement with this coin.

This is what libracoin (facebook) is trying to fix.

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