Oh, hello 2016. I remember the olden days when banks thought they could create their own blockchains to compete with Bitcoin but failed. So now they attack it again.
BTCs market cap is laughable. Nobodys gonna "attack"  The only conspiracy theory which could apply is, that BTC as an implemention of the blockchain technology is a crucial social experiment  Two facts from my side: Every larger company is currently trying to reduce the cost associated with hard cash. This is the "digitalizing aspect" everybody is talking about. Yes (slow) companies will arrive in the 21. century too. Finance institutes are looking for experts in blockchain technology (some job offerings I recently read). So count 1+1 together... Some are finally catching up and realizing that they can't create a centralized decentralized blockchain. So now they attack Bitcoin. Or haven't you reached that point yet? We don't plan on waiting. |
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And I will repeat what others said before me. Blockchain technology is revolutionary but BTC is not
Oh, hello 2016. I remember the olden days when banks thought they could create their own blockchains to compete with Bitcoin but failed. So now they attack it again. |
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Well hello there,
i'm new to Cryptos but not new to investing.
So as dumb as I am - ignoring the properties of a highly volatile and unregulated market, I invested a huge amount at ~4100€ (almost ATH), woke up to a 10% loss and sold everything in two charges at a -15% loss.
The hodlers who bought high amuse me: "I am not loosing money until I sell it" - well sure you loose money, the value of your asset declines.
Any investor with half a brain will tell you that a secret to success is limiting your losses (risk).
So at first I regreted my decision, because It went to straight ~3900€ two days after.
I read more about Crypto, talked to people and was more and more suspicious about the current state of the bubble.
Well now I'm lucky. If I would buy now, I would get more BTC for less money including my losses.
So what did I learn? I think BTC has an intrinsic value of around $1000. The rest are hopes and dreams.
Most of the BTC investors never traded a stock before and just want to get rich quick - this is driven by many blatant dumb posts in this thread and others
Everybody knows somebody who got rich with stocks and BTC, well...but that might be just "luck" (law of large numbers).
And I will repeat what others said before me. Blockchain technology is revolutionary but BTC is not - It is not more than a speculative asset.
Anybody who "believes" in BTC as a decentralized currency is doomed to fail. It is the king now, but there are no kings, only princes.
So, as you do not know the intrinsic value of a BTC you might end with a bunch of worthless private keys.
Anyway I'm surely investing down on teh road for the fun of it.
Then there are us hodlers who are not interested in buying war debt. |
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I don't know Why but i Just want to make same ATH guess like last time
Rules ....: the one with the right date of ATH gets .25 btc paid directly (UTC time) (closest to ATH.....)
I look to Every page in here from now When a date is picked first iT cannot been taken again ( 1st =1st)
Another .25 btc is rewarded for ho makes best of technical analyse of the time When we strike ATH.... and Why iT happens at that time.....
The game that brings out all of the random n00bs that just so happen to have the same sign up date. I'll just say December 31st, 2017 for some sort of tax reason that I do not know about. |
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I dare say this will be the first weekend pump in a long time.
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I almost feel bad for the people selling now.
Almost.
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At some point the regulations on Bitcoin exchanges will make it increasingly difficult for people to get their hands on fiat for whatever reason they might have (momento? wallpaper?).
Provided the market cap continues to grow, thats obviously inevitable. That's the part that i agree with Jamie Dimon on, thinking that govt will play nice is naive. Where we disagree is i'm hoping with all of the bureaucracy and global nature, we'll continue to fly under the radar long enough to get too big for one govt to do anything about. Smaller governments are starting to catch on and realize that if they can create a blockchain friendly regulatory environment they can capitalize on the $100 billion industry. |
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At some point the regulations on Bitcoin exchanges will make it increasingly difficult for people to get their hands on fiat for whatever reason they might have (momento? wallpaper?).
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Hilarious. Give that man an emmy. |
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Dead at the hands of the PBOC dynasty! All my lay-friends who got in recently are bugging me, I told them sell or pray, these are galvanizing times So when/where is the funeral?  You are going to get yourself in a pickle if you are giving that kind of advice. First you should attempt from giving any advice at all, but if you do give advice it should be to hodl or wait to buy.. you don't be so fucken dumb as to tell people to sell when the price dropped 25% already... Is that what you are doing? Are you selling now? Sometimes, I don't tell people what to do, but I will tell them what I am doing which is kind of a suggestion that they could consider something similar.. but in the end, they are on their own. Every man for himself.. even if he is not a he.  Look, my strategy always yields consistent results. When btc goes down and everything is red it's all scary, so I just fear dump And when it goes up up up, I try to snag some standing room only in the cargo bay of the rocket Best advice to give friends that want help with bitcoins is to have them send you the money to buy bitcoins directly from the source (wholesale, not that retail shit). Then e-mail them the public key with the amount of money they have in it. Tell them to hold at least 10 years and don't check that address too much because it overloads the system. |
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About a $7 million sell wall on finex.
But it's one of those fake walls trying to push the price down.
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Had to sell a bit to cover Q3 taxes and equipment. I hate selling on a dip, drat....
Ya, I have a plane ticket to purchase. Not sure if the ticket price will go up more than the bitcoin price goes up over the next week. |
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Sold it all at $3800. See you at $1/BTC suckers!!!
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For anyone new that is in Bitcoin to get a lot of dollars take this sound advice:
When people are panicking...sell!
I hear there is big money in bonds or a reverse mortgage (easy money!)
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If people are panic selling because of what some guy at JP Morgan said....GOOD.
I hope they go long on the dollar and buy war bonds. Maybe run up some credit card debt and pay overdraft fees to their banks. Enjoy your inflationary (on purpose!) currency.
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A whole lot of n00bs leaving the Bitcoin market right now with their participation trophys.
This is why when someone asks me if it's the right time to buy I ask them if they don't like war then this is the perfect time. If they like children being bombed then it's better for them to keep their war money.
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Ok I get it. Last year all of the banks and governments were like...hmm, blockchain's not bad (quick, create a blockchain to compete with Bitcoin).
This year their IT folks finally came back and told them...umm, blockchains are decentralized. You already have a centralized blockchain...it's called a database.
And so...Bitcoin and blockchain are evil again.
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Should have said also, it looks like the regulators in Switzerland are doing the best job at attempting a rational treatment of cryptocurrencies. You should investigate how they are dealing with it ... they had a head start because they already had a competing currency regime in place from long ago (gold, francs, WIR francs, etc) and treat any newcomers merely as "foreign currencies".
Yes, been looking at places like Zug Switzerland, Isle of Man, Mauritius and others for examples. Some of these smaller countries are hungry to bring the brainpower, tech and money that exists in the crypto market to their countries so they are willing to negotiate on pro-blockchain legislation. So it is definitely not impossible. |
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And they wonder why our money flows to these investments that are not under the thumb of governments and banks.
Oh ya, thanks for the warning government media. I'll get right on taking your advice.
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Does anyone know which exchange I can buy the bitcoin ICO?
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