Hey everybody, crypto market caps are totally real!! XRP is now > 50% of Bitcoin's market cap virtually overnight!! It's all real! The math checks out! Bitcoin is doomed!! /s  |
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how do I know an ICO to invest in?
None of them. Buy bitcoin and HODL. Look at what you think are the top 25, either still in ICO or already released and launched. Then pick the top 5. 4 of them will flop and dump to zero. 1 of them will do 10x or 20x. Of course, it's quite possible you picked the worst of them and they all dump to zero. I say, just go for the free airdrops that you see, and some cheap altcoins, or buy a small amount. Don't day trade (unless that's your thing.) Now, I've gotten maybe 20 altcoins, and maybe 15 or 16 of them are worthless now. One is I'm waiting for something to happen, another I already made 5x the ICO price but I'm still waiting for something else to happen. Then, you trade some or most or all of it to bitcoin and HODL. If you had Ripple or Litecoin, regardless of what you think of the coins themselves, they were profitable to HODL about 2 months ago, and then sell. But there was really no way to predict all that. It's like everyone is saying 3 years ago to invest in ETH, but noooooo... I didn't. And the ones who did probably didn't HODL long enough. in my opinion none of this still justifies investing in an ICO. if you want to invest then invest in an altcoin that already existed and have been listed on an exchange. the information that can be gained from just looking at the charts is 1000 times better than going in ICO where you are completely blind to its future. Yeah, if you were to replace all the instances of the word "coin" or specific altcoin with the word "penny stocks", it would make about as much sense. I.E.,buying altcoins is like buying worthless penny stocks and sitting on them for years, hoping that one of them will pop. Waste of time and money, and no guarantee anything lucky will even remotely happen. I guess some people have to ice skate uphill... |
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how do I know an ICO to invest in?
None of them. Buy bitcoin and HODL. |
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I can feel the concern trolling level rising....
FUDster alerts going off all over the place. Yeah, I noticed this little pattern. r/bitcoin normally averages around a couple hundred users at any given time. Whenever it goes above a 1000 users, they're all troll accounts concern-trolling and posting FUD. Currently at 2811 users... lol Edit: Now at 3682, lol |
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I can feel the concern trolling level rising....
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look, there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC, so diversification makes sense
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
You're only proving the point that newbs have been duped by false "diversification", lol. Let's check back next year and see how that worked out, shall we?  |
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I think that the whale pumpers have just about squeezed all of the 'free ride' they can out of the alts. Now that XRP (the pinnacle of shitcoin) has finally been pumped, there are literally no more alts that anyone might care about to pump. Unless they're saving Auroracoin, Feathercoin, or Maxcoin for the last hurrah? Lol
And all those hapless newbs over in Altlandia are finally starting to realize that their special snowflake alt-du-jour is not so special after all. I think the lightbulbs are starting to come on that they've been completely duped.
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All I'm seeing is traders buying bitcoin to pump alts.
2017 should be called "The Year No Alt Left Unturned Unpumped"
Yep |
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Hey JJG, looks like the whales are having trouble again dialing it in to $1699.9999  |
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So now comes the part of the rally when the whales try hard to convince you that the bull run is over. Party over folks! Dump your bitcoin on the way out! Come back next year! |
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But show them how much you gained by buying a year ago, and they will want in. Greed always trumps logic.
I think it's actually worse than that. The Average Joe that discovers Bitcoin (while it's rising, of course) and suddenly "wants in" has no clue what it even is, or why it is important in the long term. They just want to see it rise, and smugly pat themselves on the back because they are "making money" in the short term. In fact, they don't have any inkling that their fiat currency's purchase power has been dropping drastically over the last 20 years, and that their measly savings account is going nowhere fast. They have been oblivious to that, and don't really see it as a problem until it's too late. Maybe I'm being a little harsh here, as people all come around to discovering Bitcoin in different ways. But I keep reading comments of people saying things like "I'm getting back into the game of Bitcoin", or "I'm new to the game." Bitcoin is NOT a fkn game, to be played short term. And they will lose badly if they treat it as such. These are the idiots that always panic sell at the bottom. |
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Only one family member reacted negatively. Venomously, you might say. That family member .... is the one economist of the family. I have to bite my tongue now during conversations with her. Go figure.
Is she married to Krugman or Williams? Lol I have no idea where this bull run is going, or when it will peter out. But what I do know is, there is a saying in the stock market. That the smart money is two years ahead of everyone else, and is first to get in because they know something is on the horizon that Average Joes don't. I'm also hearing that we could be 1-2 years away from a drastically sharp correction in the world markets (e.g., equities, commodities, real estate, etc). Or a that a poorly run country will have a total economic/monetary collapse and start a chain reaction. So do the math? And follow the smart money? Wayne Gretzky was once asked by a sports reporter, "How do you account for your uncanny skills in Hockey?" He replied, "I skate to where the puck is going to be, not to where it has been." |
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Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not. In all those years I never heard anyone that I'm close to mention it. Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself. It's happening. |
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All Bitcoins are cheap compared to the cost of them next year. Buy now, don't wait....then HODL forever
I know, let's break it down for the newbies with some mathematical formulas: Cost [year] compared to Cost [year + 2] = cheap Cost [year] compared to Cost [year + 4] = really fkn cheap Cost [year] compared to Cost [year + 10] = if you don't buy right now and HODL you're an idiot and you will be poor forever |
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It's because they don't want to help spread awareness of Bitcoin to more Average Joes as being more valuable than fiat currency, and they want to continue to control the narrative surrounding Bitcoin.
Tinfoil-hat user spotted.  Think what you want, but there is absolutely no love for Bitcoin in the mainstream media. Almost every article is negative, or they associate it with a bad event happening. You can easily fact check this. The negative articles outnumber the decent, more accurate ones by at least 100:1. And every media talking head has something bad to say about Bitcoin. Again, easily fact checked. |
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Bitcoin's killer app.  Notice how alt coins are clearly not being requested, lol. Also, the news media articles are not mentioning Bitcoin or playing it down as the ransom payment method. Hell one article on CNN listed the ransom payment in dollars only. I fully believe this omission on the part of the media is by design. But not for the reason that they "don't want to villify Bitcoin" or "don't want to associate Bitcoin with the bad thing" that everyone believes. It's because they don't want to help spread awareness of Bitcoin to more Average Joes as being more valuable than fiat currency, and they want to continue to control the narrative surrounding Bitcoin. |
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Forker propaganda. I don't buy it. Big blocks can bite a wax tadpole as far as I'm concerned. He's 100% correct and I've explained it to you fools 500 times. Bitcoin is a currency, not money. It's value is entirely flow, not stock based. This is why I'm 0% in bitcoin and 100% in Litecoin now. Biggest bunch of horse shit. Altcoins pumped because that was the whole bait-and-switch BS plan this year, nothing more. And r0ach, ur an idiot. A guy that says Bitcoin is complete crap compared to PMs, and hates cryptocurrencies in general, but yet is now supposedly 100% all in Litecoin for.... what fkn reason?  Again, 'cause ur an idiot, the reason why nobody here pays you any attention. |
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