Digital CryptoCurrency Anyone?

[other_evolved]

Originally Posted by BayMoWe335

There are all kinds of ETFs that trade and have zero underlying value. You can trade anything and if it gets speculative, the price will go up. You can do it with bitcoin, shark's teeth, tulips, etc. That's not investing.

Such as...?

[BayMoWe335]

Originally Posted by other_evolved

Such as...?

TVIX, DMRL, RBUS.

[Thelanjaron]

4 years ago I was into crypto currency when it was just becoming popular and was curious to see. But nowadays I invest my money into property market. Lately I decided to buy flat in Athens and to rent it out through Arbnb or similar websites, will bring me more money and it's more stable.

[Poiseuille]

as a youngster, I never enjoyed musical chairs either.
this is a few minutes before market close, 11/26/18.

[P1et]

Round and round she goes, where she stops, nobody knows...

[NickyC]

Originally Posted by NickyC

mETH heads getting absolutely crushed, it's in freefall now.

Much of this space was built on fraud, and the ICOs had a big part in that. Since mETH was a big proponent in this fraud, the capitulation continues. I wouldn't surprised if we saw a 95% drop from the highs.

For once in my life I was right about something, I saved a ton of money and I hope many of you did as well.

New prediction, we're going even lower. WAY lower. I'm talking BTC sub $1k and mETH sub $10.

What a difference a year makes!

[P1et]

Originally Posted by NickyC

For once in my life I was right about something, I saved a ton of money and I hope many of you did as well.

New prediction, we're going even lower. WAY lower. I'm talking BTC sub $1k and mETH sub $10.

What a difference a year makes!

How long til we hit $1K you think?

[NickyC]

Originally Posted by P1et

How long til we hit $1K you think?

Man, I don't know. A whole lot of things seems to be going on around the world in all financial markets. In regards to BTC we haven't even seen the fallout from the whole Tether scam yet. Once that goes, I think BTC just falls the though the floor and takes everything with it. I still think there's a lot of capitulation left in Crypto even without Tether being exposed for the scam it is.

I got tired of being wrong about a financial collapse from 2008 to around 2015 when I just gave up, but things are sure starting to feel like early 2007 all over again.

We shall see, all we can do is hope for the best. Good luck!

[BayMoWe335]

Originally Posted by Datka

Any type of trading is some form of gambling because it requires making predictions regarding probability.
The difference with trading digital assets like BTC is that there is some potential inherent value of BTC that may be undervalued or overvalued at any given time.
Gambling is different. There is no inherent value to a poker hand. Instead, you are betting on the probabilistic outcome of a specific repeatable set of outcomes

I’d argue there is more value to a poker hand than Bitcoin.

Bitcoin is worthless in the end. At least you have a chance of winning with Poker.

You hold Bitcoin, it’s going to $0 or very near it.

[Poiseuille]

....for some reason I keep seeing Ross Perot flapping his arms and going on about some "big sucking sound"....as globalism takes another blow==>

[PoorLurker]

Haters see red
HOLDrs see buying opportunities

[BayMoWe335]

Originally Posted by PoorLurker

Haters see red
HOLDrs see buying opportunities

Why would you buy it here?

[P1et]

Originally Posted by BayMoWe335

Why would you buy it here?

Golden rule: buy low, sell high. Imagine buying at $3,500 and selling at $333,000. Buy ten BTCs today and you’ll be sitting on $3.3M in two years. Not a bad return, right?

[jimbobiggens]

What to make of this?

https://cointelegraph.com/news/nasda...says-bloomberg

Is this a good thing or a bad thing?

[BayMoWe335]

Originally Posted by P1et

Golden rule: buy low, sell high. Imagine buying at $3,500 and selling at $333,000. Buy ten BTCs today and you’ll be sitting on $3.3M in two years. Not a bad return, right?

And imagine if I could teleport anywhere in the universe.

Saying it doesn’t make it true. Why sell at $333,000? Why not sell at $3M or $3B? Then you’d have billions in 2 years, lol. I like how you just gave it a price of $333,000 like it’s happening.

Imagine buying 10 coins at $3,500 and it being worth $0 in 2 years? Then you’ve lost $35,000.

There is literally nothing underneath Bitcoin to justify higher prices besides excitement. No earnings. No assets. It’s an unproductive asset and when the excitement is gone, the price goes to zero, period. Even gold has some value because it can be used in manufacturing.

“Buy low sell high” is a term for stocks that have businesses behind them with earning power, assets, and cash.

[P1et]

Originally Posted by BayMoWe335

And imagine if I could teleport anywhere in the universe.

Saying it doesn’t make it true. Why sell at $333,000? Why not sell at $3M or $3B? Then you’d have billions in 2 years, lol. I like how you just gave it a price of $333,000 like it’s happening.

Imagine buying 10 coins at $3,500 and it being worth $0 in 2 years? Then you’ve lost $35,000.

There is literally nothing underneath Bitcoin to justify higher prices besides excitement. No earnings. No assets. It’s an unproductive asset and when the excitement is gone, the price goes to zero, period. Even gold has some value because it can be used in manufacturing.

“Buy low sell high” is a term for stocks that have businesses behind them with earning power, assets, and cash.

I should have mentioned I was being 100% sarcastic. I actually found the $333K number from this silly article:

https://ambcrypto.com/bitcoin-btc-co...019-bobby-lee/

[BayMoWe335]

Originally Posted by P1et

I should have mentioned I was being 100% sarcastic. I actually found the $333K number from this silly article:

https://ambcrypto.com/bitcoin-btc-co...019-bobby-lee/

Good to hear logic still prevails at times.

[F30dud]

lol -- meanwhile.. lets not forget how many kids became millionaires out of stupidity..by holding to a coin what was once worth 1c, $1, $10, $1000, etc.

if you gonna sit there and bash every time, i think you just mad u missed out on opportunity.

i kinda see 2700-3000 in play near time. There are massive orders pilling up at under 3k. What do you think it happens once those massive order happen..?

Remember we went from 2k-20k in a matter of days. This is crypto and anything is possible. But it will be $0 makes no sense.

Technical analysis...will show its not possible to hit $0.

binance is child play. When it comes to making big money that shit happens on Bitmex, Bitfinex, those exchanges that offer leverage.

Millions of dollars are being liquidated..

[Delta0311]

Originally Posted by F30dud

lol -- meanwhile.. lets not forget how many kids became millionaires out of stupidity..by holding to a coin what was once worth 1c, $1, $10, $1000, etc.

if you gonna sit there and bash every time, i think you just mad u missed out on opportunity.

i kinda see 2700-3000 in play near time. There are massive orders pilling up at under 3k. What do you think it happens once those massive order happen..?

Remember we went from 2k-20k in a matter of days. This is crypto and anything is possible. But it will be $0 makes no sense.

Technical analysis...will show its not possible to hit $0.

binance is child play. When it comes to making big money that shit happens on Bitmex, Bitfinex, those exchanges that offer leverage.

Millions of dollars are being liquidated..

Nothing new here man. People always talks so much shit during a bear market and talk about buying Ferraris during a bull run. Crypto is in the dumps right now but it will recover. Just have to sit out the storm.

[Frozen]

Originally Posted by Delta0311

Nothing new here man. People always talks so much shit during a bear market and talk about buying Ferraris during a bull run. Crypto is in the dumps right now but it will recover. Just have to sit out the storm.

Crypto has gone through many cycles just like this one and yes it will most likely recover like it always has yet NickyC thinks he's got it all figured out, lol.

[Poiseuille]

this thread needs a theme-tune.....let's poll the audience for suggestions. I vote for "Don't Worry, Be Happy".

[Frozen]

I have a friend who bought ICX for 70 cents or so around ICO and sold at around 12.00. He made millions and never has to work again. This guy is late 20s.