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Old 02-02-2018, 04:38 AM   #51
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I do not agree with statement how it's ponzi scheme. Most accurate description of crypto bubble would
be "stock hype" where stock value can skyrocket due "promising company organization" but once reality come stock value drop to minimum and people who bought when it was hype lose money.
Stocks and crypto is based on same principle, with only difference how stock price can be affected by company business moves. Funny how you mention Bill Gates, since microsoft accept bitcoin.

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Originally Posted by EliteWebmaster View Post
I have been telling people for years, Bitcoin was and is a ponzi pyramid scheme. An elaborate one as it was able to last for so long which is impressive. But nonetheless it was just that...a scheme. There was no way it could continue with it's insane spike from last year.

Ask yourself the most basic question, what would makes this currency spike to ungodly values as it has in the last year? The answer is manipulation and falsifying the value of a currency that is theoretically unsustainable when other conventional currencies US dollar/Yen/Sterling/Euro cannot increase in value at the rate that Bitcoin was doing. And those currencies have been around for ages, they are trusted currencies that are traded worldwide. If you can wrap your head around that, you will know that Bitcoin and all these Crytocurrencies are a scheme. And like all schemes, eventually the bubble will burst and you will see a sharp downward spike like you are starting to see with Bitcoin.

All the bitcoin nuthuggers and experts cannot give you a legitimate reason why the currency has taken a tumble because they are either in denial or they are in on the scheme. The whole "everyone was withdrawing money for the holidays" excuse Crytocurrency experts was giving for the devaluation during the christmas/new years holidays doesn't fly because it's still dropping like a brick now. Considering a lot of people are still foolish enough to invest more money into Bitcoin now thinking it will rise again. Shouldn't the Bitcoin be rising in value then from all of the "new" money coming in vs the money that is being withdrawn? Or at the very least, the devaluation should be slower rather than the rapid decline we are seeing now?

Use common sense and you will always see why guys like Jerry Jones, Bill Gates, Larry Ellison, Oprah Winfrey have not poured their networth into Bitcoin. If there is one thing Billionaires love is to make more money yet, they are not foolish enough to buy into the Bitcoin hype...ask yourself why..
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Old 02-02-2018, 04:42 AM   #52
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VERY TRUE !!!
they also wanted to stone me when i told the at the highest point that this is now the change.

i mean it will not crash completely but it will go back to where a public gambling can be.
5- 10 dollars or something like that.
People who invested while it was 15k-20k was stupid, because even for bitcoin standards that was unrealisticly too fast growth.If that growth was going slowly during entire year and not in a single month, then it would be more stable.
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Old 02-02-2018, 04:45 AM   #53
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It's just smashed thru the 8k mark dropping like a lead brick BOOM
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Old 02-02-2018, 04:45 AM   #54
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Good time to buy some more
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Old 02-02-2018, 04:55 AM   #55
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Originally Posted by KlenTelaris View Post
I do not agree with statement how it's ponzi scheme. Most accurate description of crypto bubble would
be "stock hype" where stock value can skyrocket due "promising company organization" but once reality come stock value drop to minimum and people who bought when it was hype lose money.
Stocks and crypto is based on same principle, with only difference how stock price can be affected by company business moves. Funny how you mention Bill Gates, since microsoft accept bitcoin.
You're comparing apples and oranges. Stocks (usually) represent shares in companies that have sales, profits and various assets with a tangible value. The intrinisic value of crypto is zero. When Bitcoin was at its $19k+ peak, its market value was absurd and greater than Walmart, the biggest retailer in the world.
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Old 02-02-2018, 05:02 AM   #56
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You're comparing apples and oranges. Stocks (usually) represent shares in companies that have sales, profits and various assets with a tangible value. The intrinisic value of crypto is zero. When Bitcoin was at its $19k+ peak, its market value was absurd and greater than Walmart, the biggest retailer in the world.
That still does not change fact how stock value can skyrocket for no other reason but hype.
But i know what you saying here , how crypto does not have a "base" value when you remove value caused by hype. But the thing is, bitcoin was supposed to be an alternative payment system, not a investment currency.
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Old 02-02-2018, 05:15 AM   #57
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It's just smashed thru the 8k mark dropping like a lead brick BOOM
Quote:
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Good time to buy some more
it could crash to 10, where´s the base value?


You can´t buy until it´s levelled out, you´d be mental to buy now with it dropping out so much
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Old 02-02-2018, 05:16 AM   #58
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good thing I sold my eth still on 1100 yesterday
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Old 02-02-2018, 05:18 AM   #59
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stop crying about cryptos.
i am sure for all of you it was not your last money you invest.
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Old 02-02-2018, 05:19 AM   #60
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Ripple is down to 70c
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Old 02-02-2018, 05:26 AM   #61
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Ripple is down to 70c
and the next one who is crying
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Old 02-02-2018, 05:29 AM   #62
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^ Nope. Just observing.
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Old 02-02-2018, 05:30 AM   #63
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good thing I sold my eth still on 1100 yesterday
it´s crazy, every coin´s dropping. Naga´s back to just over 1, it started at 1 the other week...

BTC 8k, ETH dropping its belly and ripple, wtf!

I can´t see anyone winning here by holding onto anything, selling now and then purchasing when it´s dropped to the bottom is about the only good thing that can come from this
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Old 02-02-2018, 05:41 AM   #64
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it´s crazy, every coin´s dropping. Naga´s back to just over 1, it started at 1 the other week...

BTC 8k, ETH dropping its belly and ripple, wtf!

I can´t see anyone winning here by holding onto anything, selling now and then purchasing when it´s dropped to the bottom is about the only good thing that can come from this
Let the dust settle, don?t try to catch a falling knife and average down
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Old 02-02-2018, 06:41 AM   #65
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it´s crazy, every coin´s dropping. Naga´s back to just over 1, it started at 1 the other week...

BTC 8k, ETH dropping its belly and ripple, wtf!

I can´t see anyone winning here by holding onto anything, selling now and then purchasing when it´s dropped to the bottom is about the only good thing that can come from this
converted it to fiat so... but yeah ethereum seemed like a safe harbour 'til yesterday x) this gold project Digix DAO seems quite stable though, pretty resistant to the whole downfall... it jumped up 100% today for like an hour x) precious game to play for traders while the rest of the market is crashing :D
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Old 02-02-2018, 06:59 AM   #66
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I'm going on a limb and suggesting we are hitting the bottom.
The way I see it it started going "mental" around the beginning of Nov when bitcoin was around $7k it hit an ATH on 17th Nov of $7888 (I screenshoted it).
So I think the bottom would be around $7500 and that would be a realistic price before all the hype.
...So, expect another $1k dip before levelling out.

Then I think it will be pretty stagnant for a long time (over a year) although I do think sometime late 2018 or 2019 we will pass the current ATH.
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Old 02-02-2018, 07:07 AM   #67
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Crypto noobs





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Old 02-02-2018, 08:32 AM   #68
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The value, or price, is irrelevant. The loss or gain of your investment is solely in percentage terms. If a coin was worth $15,000 and dropped to $7,500 you would have lost 50% of your invested money. If a coin was worth a penny and dropped to half a penny, you would have lost 50% of your investment
Yes, I understand that but my fault, I really didn't explain myself well. I meant that I lost less than if I had all my cash in bitcoin.
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Old 02-02-2018, 09:01 AM   #69
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Ripple is down to 70c
Ripple is going up to .89 cents.
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Old 02-02-2018, 09:13 AM   #70
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total crypto market cap up 100 billion in 2 hours btc at 9K again...what an orchestrated pump and dump LOL congratz to the winners
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Old 02-02-2018, 10:02 AM   #71
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After February Chinese New years festival , BTC will be raised again.
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Old 02-02-2018, 10:37 AM   #72
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it could crash to 10, where´s the base value?


You can´t buy until it´s levelled out, you´d be mental to buy now with it dropping out so much
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Old 02-02-2018, 11:15 AM   #73
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Did I fuck up or what for not selling at 19K. Was so tempting. Good thing I bought most of it at 3K. How long before it drops below 3K thought?
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Old 02-02-2018, 12:16 PM   #74
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8.5K is the new 50K
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Old 02-02-2018, 12:49 PM   #75
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I can´t see anyone winning here by holding onto anything, selling now and then purchasing when it´s dropped to the bottom is about the only good thing that can come from this
Sell on drop, sounds like a great investment plan.
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Old 02-02-2018, 12:50 PM   #76
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Old 02-02-2018, 01:37 PM   #77
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Sell on drop, sounds like a great investment plan.
if it drops to 100, then it may have been better to sell at 9k, just wishing I sold at 15k before Christmas
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Old 02-02-2018, 01:39 PM   #78
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Never invest what you cannot comfortably afford to LOSE. It's like going to Las Vegas.

Whatever I put in already I consider "lost". One day a few years from now I will check in and see what's what. Short-term buying/selling is for chumps, losers and panic-stricken wannabe pretenders.

BTC 4 LIFE!!!
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Old 02-02-2018, 02:20 PM   #79
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...just wishing I sold at 15k before Christmas
Knowing this just made my entire weekend!
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Old 02-02-2018, 02:31 PM   #80
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if it drops to 100, then it may have been better to sell at 9k, just wishing I sold at 15k before Christmas
Unfortunately you can't even sell at 9k now.

My advice: put in a sell order for 9,300 and end the madness. Catch the next bounce up because they're won't be many more.

Then again: I know A LOT about pizza. Cryptocurrency pump and dumps, not so much.

Hope it works out for you.
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Old 02-02-2018, 04:06 PM   #81
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laughing at the naive idiots who got fucked by this scam
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Old 02-02-2018, 04:35 PM   #82
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if it drops to 100, then it may have been better to sell at 9k, just wishing I sold at 15k before Christmas
Just sell everything Nat. Crypto isn't for you if you are going to get emotionally attached.
Put it towards a 2nd hand GTR instead.
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Old 02-02-2018, 05:14 PM   #83
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Never invest what you cannot comfortably afford to LOSE. It's like going to Las Vegas.
There you go. I was fun watching my BTCs flip over 100K but I never put in any significant amount of money in it. Either way I was going to buy an RV that would have been used 2 times a year. Waste of money any way you look at it.
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Old 02-02-2018, 05:20 PM   #84
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Before you get nuts and lose your Bitcoin cash, use them with me and make me happy boy! Find me online tomorrow at 9:00 Colombian time xoxo Gabriella Ghill

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Old 02-02-2018, 05:35 PM   #85
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On a positive note, the net loss so far today has only been 30 bucks. Hopefully the bleeding stops soon.
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Old 02-02-2018, 06:34 PM   #86
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Never invest what you cannot comfortably afford to LOSE. It's like going to Las Vegas.

Whatever I put in already I consider "lost". One day a few years from now I will check in and see what's what. Short-term buying/selling is for chumps, losers and panic-stricken wannabe pretenders.

BTC 4 LIFE!!!
When I worked in the UK around 2006 I bought some Lloyd?s bank stocks for around 3.50. 12 years later I?m still holding the stock which has a value of 0.68. I?m sitting on a paper loss of around 80%. Long term investments can be a heap of shit too
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Old 02-02-2018, 10:20 PM   #87
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Many people who actually use crypto currency will not sell.
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Old 02-03-2018, 03:03 AM   #88
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Old 02-03-2018, 03:55 AM   #89
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food for thought:

if you are buying crypto this means you are not investing money in stocks,giving money to banks, paying taxes etc...

big business is not going to like this...a year ago total crypto market cap was like 20billion, this is not even a blip on the radar...500 billion is nothing much...but as the market cap grows the chances of big business actually taking REAL action against crypto grows exponentially...

keep in mind the biggest prostitutes are politicians, especially US ones where political prostitution is an institution by means of lobbying...keep in mind that the crypto market is not regulated and if they want to create chaos with volatility there is absolutely nothing standing in their way...

whether crypto/blockchain will win in the end I do not know nor is this the point...the point is big business is not going to remain passive about this much longer...there is going to be tons of collateral damage regardless of who wins in the end
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Old 02-03-2018, 04:29 AM   #90
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Yes many banks have "ebroker" service, where they take a fee for buying stocks. But i think they are stupid with being against, they could simply introduce "ecrypto" and make money with it.


Quote:
Originally Posted by crucifissio View Post
food for thought:

if you are buying crypto this means you are not investing money in stocks,giving money to banks, paying taxes etc...

big business is not going to like this...a year ago total crypto market cap was like 20billion, this is not even a blip on the radar...500 billion is nothing much...but as the market cap grows the chances of big business actually taking REAL action against crypto grows exponentially...

keep in mind the biggest prostitutes are politicians, especially US ones where political prostitution is an institution by means of lobbying...keep in mind that the crypto market is not regulated and if they want to create chaos with volatility there is absolutely nothing standing in their way...

whether crypto/blockchain will win in the end I do not know nor is this the point...the point is big business is not going to remain passive about this much longer...there is going to be tons of collateral damage regardless of who wins in the end
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Old 02-03-2018, 04:48 AM   #91
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this thread is hilarious....

... i wonder what each one of you will be saying by end of the year

as Rocky said "if i an change... YOU can change" so lets hope we see people smarten up, btc believers , believe, support, remember this is a great great thing we have here

those who were given this huge opportunity... yet again... will cry and spread FUD even harder soon, bcos of their own arrogance and ignorance.
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Old 02-03-2018, 05:31 AM   #92
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Never invest what you cannot comfortably afford to LOSE. It's like going to Las Vegas.

Whatever I put in already I consider "lost". One day a few years from now I will check in and see what's what. Short-term buying/selling is for chumps, losers and panic-stricken wannabe pretenders.

BTC 4 LIFE!!!

lucky I can afford to win or lose, I just never like to lose as I never usually lose, at anything...

However, most haven´t seen what really has happened in BTC

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Unfortunately you can't even sell at 9k now.

My advice: put in a sell order for 9,300 and end the madness. Catch the next bounce up because they're won't be many more.

Then again: I know A LOT about pizza. Cryptocurrency pump and dumps, not so much.

Hope it works out for you.
you have it all wrong, like when the price was rising, people waited that extra day, hoping to catch the train at its best, yet it kept rising...

now it´s just falling & probably because the big guys, with multi millions involved, they removed their´s before Christmas & made 2017 the BTC craze...

now it could be NAGA, it could be ETH or ripple. Until the price has dropped right out, no one knows...

You´re either selling now or in for the long haul. However, mine were only in for a few months, the guy put them in when it was 8900, so I would have been best taking out at 15 or 20, but taking out yesterday at 9300 I didn´t lose, I just didn´t gain what I wanted




Adraco, you´re a loser & i´m very happy as i´m still a winner
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Old 02-03-2018, 05:41 AM   #93
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i just never like to lose as i never usually lose, at anything...
must ... Not ... Respond ...
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Old 02-03-2018, 05:53 AM   #94
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Yes many banks have "ebroker" service, where they take a fee for buying stocks. But i think they are stupid with being against, they could simply introduce "ecrypto" and make money with it.
but this is exactly one of the ideas what was behind crypto and what have failed completely.

ONE of the big goals here was to get rid of high banking fees for ordinary money transfers.
BTC costs are FAR over such costs and they will be more expensive as more complicated the chain becomes.

so playing with crypto is playing poker.
as long as there are enough players you make money with their volatility but as soon the big boys jump into that the majority of the small players will lose.

if they would NOT lose nobody could win - it is that easy.

we are FAR away from a world with blockchain money - and if that comes it will NEVER be ruled under stockmarket circumstances. that would make money incalculable and not useful for any kind of trades.

i saw yesterday a documentation about the first "bitcoin city in the world" what is zug in switzerland.

that was a big topic all around the world.

in this documentation they tried to find ONE shop in the whole city what ever got even one single BTC payment and they did not find one.

the community received 50 payments in 2017 and the most where made by international journalists what wanted to prove if they are really able to pay with it.

so yes you will still be able to get other people´s money with bitcoin. just by betting on rise or fall - but this is a game and nothing else. same as when you bet on the winner or a loser of a football match.
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Old 02-03-2018, 05:59 AM   #95
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food for thought:

if you are buying crypto this means you are not investing money in stocks,giving money to banks, paying taxes etc...

big business is not going to like this...a year ago total crypto market cap was like 20billion, this is not even a blip on the radar...500 billion is nothing much...but as the market cap grows the chances of big business actually taking REAL action against crypto grows exponentially...

keep in mind the biggest prostitutes are politicians, especially US ones where political prostitution is an institution by means of lobbying...keep in mind that the crypto market is not regulated and if they want to create chaos with volatility there is absolutely nothing standing in their way...

whether crypto/blockchain will win in the end I do not know nor is this the point...the point is big business is not going to remain passive about this much longer...there is going to be tons of collateral damage regardless of who wins in the end
agreed, and much like tubes, you cannot just roll it all back. Some will join and adapt and utilise to make more money, and as that side grows, so do the disrupters. One won't fully replace the other, as they have different uses, but people writing off crypto as a ponzi, or tulipmania are wildly missing the bigger picture. This is so early days.
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Old 02-03-2018, 06:25 AM   #96
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Yes it was, and that is what i disliked with bitcoin, it's volatility make it bad choice for e-commerce.
There is currently one crypto which i find suitable for e-commerce, and that is tether as it have fixed value. But there is rumours now how company behind it have some problems.
And that situation with city is nothing unusual, i was once in bar where they accept only BTC and LTC and i refused to order anything because it is toomuch hassle to order it :D
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Originally Posted by thommy View Post
but this is exactly one of the ideas what was behind crypto and what have failed completely.

ONE of the big goals here was to get rid of high banking fees for ordinary money transfers.
BTC costs are FAR over such costs and they will be more expensive as more complicated the chain becomes.

so playing with crypto is playing poker.
as long as there are enough players you make money with their volatility but as soon the big boys jump into that the majority of the small players will lose.

if they would NOT lose nobody could win - it is that easy.

we are FAR away from a world with blockchain money - and if that comes it will NEVER be ruled under stockmarket circumstances. that would make money incalculable and not useful for any kind of trades.

i saw yesterday a documentation about the first "bitcoin city in the world" what is zug in switzerland.

that was a big topic all around the world.

in this documentation they tried to find ONE shop in the whole city what ever got even one single BTC payment and they did not find one.

the community received 50 payments in 2017 and the most where made by international journalists what wanted to prove if they are really able to pay with it.

so yes you will still be able to get other people´s money with bitcoin. just by betting on rise or fall - but this is a game and nothing else. same as when you bet on the winner or a loser of a football match.
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Old 02-03-2018, 06:49 AM   #97
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Price took a big jump upwards in the last few hours.
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Old 02-03-2018, 12:12 PM   #98
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if it drops to 100, then it may have been better to sell at 9k, just wishing I sold at 15k before Christmas
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Unfortunately you can't even sell at 9k now.

My advice: put in a sell order for 9,300 and end the madness. Catch the next bounce up because they're won't be many more.

Then again: I know A LOT about pizza. Cryptocurrency pump and dumps, not so much.

Hope it works out for you.
It reached 9,400 today. My advice was put in a sell order at 9,300.

Congrats to the winners.
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Old 02-03-2018, 01:20 PM   #99
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It reached 9,400 today. My advice was put in a sell order at 9,300.

Congrats to the winners.
If only it was that liquid. See descriptions from people who have actually sold.
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Old 02-03-2018, 08:14 PM   #100
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I see your trust rating in that balloon, it can pop any second now and it have nothing to do with btc...

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This is all very disheartening for a guy who just got into crypto. I'm going to ride it out.
Been following some of your earlier posts, this is bad timing indeed, but still part of the game.

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Originally Posted by EliteWebmaster View Post
Use common sense and you will always see why guys like Jerry Jones, Bill Gates, Larry Ellison, Oprah Winfrey have not poured their networth into Bitcoin. If there is one thing Billionaires love is to make more money yet, they are not foolish enough to buy into the Bitcoin hype...ask yourself why..
Bad comparison, those you mention have really no need for more money and not least walking into something they don't know much about. They're not hungry for new ventures either other than managing their own business.

They have their fortunes, why risk any of it on something new called crypto currency...

I'm not surprised.
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