I doubt this apply to our fraudulent economy that is heavily manipulated to enrich the very few and enslave others. This law you quoted is one of the laws of Thermodynamics. Our supply, distribution and demand are not balance.
With the caveat that even in physics it only applies to a closed system which our economic system most definitely is not. |
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Haha. Yeah, pretty dumb take. Why would I lie and have to take all this stupid criticism online?
I still have some coins that I use and replenish when needed. I'm still using Litecoin, just not invested in it. I'm working on Litecoin full time and know without a doubt that I'm not doing this for money.
Thanks for continuing to check in here, a lot of us appreciate it and particularly for the updates and direct communication. |
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Part of an article where a fund manager is going over his yearly gains, he is thinking stocks may already be in a bear market... https://seekingalpha.com/article/4295434-s-and-p-500-calm-stormNow, we have accumulated a sizable Bitcoin and digital asset position, which may seem excessive to some people. However, this is the future of currency, and digital store of value. I view Bitcoin and other systemically important coins as enterprises and not just currency/payment systems. |
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You guys know what's next after (if) we take back 200DMA, do you?  Whisky sours? |
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Yeah, ICO exit scams really put Eth's reputation in the toilet, and it's not Eth's fault but not much you can do about that except hope the team continues developing and making it better. $4k is a long dream that seemed just around the corner in 2017. We can get there again but not unless we can ditch the damage done by ICO exit scams. If the only way you can imagine Eth breaking $4k is if Btc breaks $100k then that doesn't say much for Eth. Eth needs to be its own thing, and I think it will but price it lands at is anyone's guess.
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Pleasant December
Suddenly green Bitcoin moons
Thankyou Observers
$17,200 USD is my W.A.G.
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Wow, nerves of steel or the worst case of FOMO I've ever seen, either way impressive. Hope it works out for you. Not what I would do that's for sure. Good luck!
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FYI all, Coinexchange is shutting down looks like permanently. If you have any coins on there now is the time to move them.
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I like to think that in the not too distant future people will be repulsed by the idea of any monetary transaction that can't be tracked publicly online. Old timers will be "back in my day we used bits of paper and only revenue agents had the tools to track it!", "ok gramps, have a cookie"
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Most therapists would tell you that there isn't such a thing as "normal" if you are judging normal by comparing yourself with others.
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bkbirge : that's fine bro, we all skip pages sometimes.  Bitcoin is on steroids Merited for beating me to the punch |
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He has a point. Investing in something where you don't have to worry about an exit strategy is very attractive, though I doubt many of us will be that faithful in holding all the way up depending on the velocity... https://cointelegraph.com/news/when-to-sell-bitcoin-never-mark-yusko-says-btc-like-amazon-stockYusko thus concluded that selling Bitcoin would be like selling shares in Amazon — so far, there has not been an advantageous point to do so.
“In every year, including this year, it’s had a double-digit drawdown. The average peak-to-trough: 31%, twice 90%. When was the right time to sell? Never,” he said.
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Merit worthy thread, I've always been confused by futures and how they tie in to shorting and this makes it pretty clear.
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I think this is interesting, at least interesting enough to keep me from obsessing about the current price action... https://cointelegraph.com/news/btc-and-quantitative-easing-whats-the-correlation-to-crypto within repo operations, the Fed uses reserves to buy government assets such as treasuries on the overnight lending market to influence interest rates. Whereas under QE, the Fed “prints” money — or rather, generates it electronically — and uses it to purchase securities with the direct intent and consequence of expanding the monetary supply.
QE is typically used as a last resort.
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You do know how big the globe is don't you?
That's the problem I see with many science deniers, and it's difficult even for science proponents. Scale, either really small or really large is just so far out of our realm of personal reference that it can become meaningless. And without a sense of reference it is very easy to draw the wrong conclusions from observations. Even attempts to link to our intuition like "more stars than grains of sand in all the beaches" quickly saturate our brains. |
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My trigger finger is getting itchy, must remain disciplined with my buys. DCA at regular intervals, ignore the ups and downs. Put into cold storage. Look at it about as often as looking at other investments, maybe a couple times per quarter to reassess. I am not a daytrader, I am not a daytrader, I am not a daytrader…
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Some interesting responses here. Seems mostly young people are the believers in crypto but they often don't have very much money if any to put toward investing. The older people tend not to believe in crypto and they have more money but are less likely to invest in crypto. Both generations are missing the opportunity, except for the minority that are young and able or old and inclined. I suspect if you invest now, even small amounts, you will be part of the wealthy elite in the coming decades.
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