Bitcoin has fallen nearly 20k to 6k in a matter of months. It's far from a foolproof strategy and is just as risky if not more risky that holding a falling fiat. I'm a believer it bitcoin don't get me wrong, but I wouldn't put all your eggs in one basket as they say.


Maybe because it's cheap? I find that many users are constantly looking for the next best thing and coin where they hope they'll make huge gains. They don't usually do their research though and those who are going to get rich off ripple will have already done so.

Well I got one correct score at least.

I don't yet have a telegram nick so just wanted to see if I'd be accepted first, but I will create one if accepted. Will also change avatar.

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=220995
Post Count: 782
Merit Count: 525
BTC Address: 12djVqLFA62a6bMBBDPzxuwF8x8bRhxS2x
Telegram Username: tba

Thanks

Yes there is. That's not how it works. It doesn't matter even if they're playing next door. They're different pitches that the away team is not used to playing on and with a stronger home crowd. Playing at the other end of the country isn't another climate either so it doesn't matter how far the stadium is.

But then it collapsed due to nothing, and it likely only kept rising due to manipulation, or at the very least all the FOMO from new investors.The market is fickle, but the ETF will at least temporarily cause some excitement and a flurry of new money coming in and that's what we could do with right now even if it's only short lived.

I wouldn't back them away, but I didn't watch either Chelsea or Arsenal's first games so I can't comment on their performances.

What odds do you get? Maybe leave Chelsea out of it or just back them to win. I've put money on Spurs Everton and Leicester. Was thinking about doing a five fold on Chelsea Burnley Liverpool Man City & United, but I might wait to see if my threefold comes in first.

I was just looking at this weeks fixtures and there doesn't seem to be a single game that interests me or I can see it being exciting:


Normally Chelsea vs the Gunners would have interested me but Chelsea will probably beat them easily. Same for the next round. I see Spurs will be playing both Man U and Liverpool the two following weeks. Those should be good games.


I don't. If it was at home I might have backed them to do a little better, but not at Chelsea.


Same. Can't see them getting top 5 either.

It's working fine for me, though it wasn't yesterday. Could barely load a page nevermind post.

I agree that probably 99% of the original users were all about the tech, but there will have been some who could have seen the bigger picture. The next wave of people interested in bitcoin after libertarians were probably speculators. I think it probably went like something like this: Cryptographers; libertarians; speculators. Now it's probably most people looking to get rich quick or those online earners who move from one thing to the next by doing online marketing or youtube or wahtever. The way bitcoin is designed just makes it scarcer as time goes on and if you were smart you could see where it had the potential to go. There are also many original bitcoiners that still hold most of their stash, though many also cashed out at $1000 and above and bought their Lambos and houses with it.


[btw if I had any merit left I'd give you one for this post]

[edit got one. sent]

I'll check it out. Do people get added as merit sources often though? I see there's lots of people waiting for account recoveries so is this really a priority for admins?


Appreciate the reward but if you have a limited amount of it it's probably best saving it for lower ranks who need it more than I do.

It's obviously not literally a cult, but it has a devout cult-like following who believe in it at all costs, much like a cult. Some people ignore facts or are fueled by their own desire to see it succeed with a passion so strong which can put a lot of others off I think.

Not exactly. Other investments usually have businesses behind them. Bitcoin just has the faith of it's users and believers behind it really (just like tulips did) and this is what makes it more precarious and risky in my opinion. If bitcoin does go completely tits up then sadly history will probably remember it as some sort of scam that went bust and people will almost certainly compare anything else that comes along to bitcoin like they did with tulip mania. It will then be called 'bitcoin mania' instead. Also, the initial bitcoin users got the coins for free or next to nothing if they mined them themselves, but everybody else who invests is looking for the next people to either buy their coins or keep raising the value for them so that's why people compare it to pyramid selling, especially how many of the bitcoin faithful try sell it to others as a money making scheme and are obviously doing it mostly for their own benefit to push u the demand and therefore price.

Can I take a Hero spot?


150 characters isn't long at all. It's a sentence or two really. People shouldn't be getting paid for spam posts just if it's 50 characters though. It's better to judge each post on it's own merits. If it's good or bad then count it or not regardless of characters count.

Merit system is a good idea in theory, but I think it needs some tweaking to make it work effectively. The number of sources probably needs to be greatly adjusted and maybe the merit requirements lowered for certain ranks, but maybe that will open up the system to abuse. I see lots of posts that I'd like to merit but I just run out of merit within minutes. I don't really need merit as there's no difference to me between Hero and Legendary, though I;d like to get there eventually, but despite my posts being pretty good [in my opinion] and much better than average I've received very few merit. I was very surprised to wake up this morning to see one post received 7 though, but at this rate it will probably take me years to get enough to be Legendary. A lower ranked user making okay or average posts probably has no chance or will take them years to get to a fairly high rank. I guess it's bout finding a balance between it being an effective system that minimizes abuse but also allowing people to realistically achieve ranks.

Nobody is saying bitcoin will cease to exist without the ETF, but without good news or things to get excited about bitcoin will stagnate or fall in value like it did on the mere decision to postpone the announcement. What do you think will happen to bitcoin if they come out and flat out deny it? It isn't going to be good.

Probably, unless he fucks up colossally. Seems to be quite bulletproof at the minute though. I suppose it depends on who he's running against also. If he doesn't really do all the things he promised those who initially voted for him and believed his promises will probably turn against him. Don't really care either way to be honest though. Trump is a dunce, but whoever you have in office usually does the same sort of things just under a different brand and issued in a slightly different rhetoric.

I personally don't know anyone who works for a crypto company, but would love to work for one myself. Not sure how you would go about that though. You also don't necessarily need to be able to code to join a crypto business, but I guess it helps, especially if you want to create a company yourself. Remember that most businesses also need customer service operatives and administrative assistants, so that's one thing most people can do without much experience (though knowledge of cryptos would obviously give you the edge over others who are unfamiliar with the industry). Most of these sorts of jobs can be done from home as well which is a big plus. You can even do them from anywhere in the world as long as you have a computer and an internet connection.

I've always said bitcoin could be worth somewhere between zero and millions, but nothing is guaranteed. There's really no saying whether bitcoin will ever get back to anywhere near its peak value or surpass it in multiples. There could also be that one day where bitcoin was just seen as some sort of fad or even surpassed by a better coin or better technology. People often call it a scam because it often resembles a ponzi (though it obviously isn't). Those who got in first are the ones who profited greatly and to keep profiting off it they need new money coming in. There might be a time when that new money stops coming in or slows down and down goes the value with it. If bitcoin goes bust and to zero it will have unfortunately become the new tulip mania (and I hate when people call it that), but when something can lose half it's value in a matter of months it never looks good. I'm always dreading that day where it falls too far and causes mass panic that it never fully recovers from. One thing that really worries me is if bitcoin becomes more expensive to mine and costs more than what it is actually worth. According to this it's not far off in some countries:



https://www.marketwatch.com/story/heres-how-much-it-costs-to-mine-a-single-bitcoin-in-your-country-2018-03-06


Netflix was a natural progression from blockbuster, just like cds to mp3s and taxis to ubers and so on. But what happens when something comes along that is better than mp3s and uber? They also go the way of the dodo. Mp3s could be replaced by smaller yet less compressed files. Uber could fall to self-driving cars or maybe flying cars (you might laugh now but they're probably not far off  ). Bitcoin could go the same way. It's rare that the first pioneering idea remains the most used forever. Improvements are always made and new technology is adopted.

It's not a cult, it just has a lot of believers behind it who can see its divine potential. Wait, that does sound like a cult  .

I think the trouble with bitcoin is it just attracts both the crazy and desperate. The people who never shut up about it are usually those that have got significant money invested in it so it's in their best interests to scream it from the rooftops with a passion.