Nice try at diminishing bitcoin which has been in operation for 10 years and have given tremendous returns currently trading at over $8000 each to pets.com that lasted how long?
#DropGold / Why Bitcoin's Revival Is Different This Time Around
- Thread starter johnarb
- Start date
Nice try at diminishing bitcoin which has been in operation for 10 years and have given tremendous returns currently trading at over $8000 each to pets.com that lasted how long?
Bro, this is the cryptcocurrency forum. 99% of my posts are in this forum, sharing investment and trading ideas about cryptos and bitcoin, and you come here posting drivel for a long time because you missed out on the profits? You're directing your self-hate at others. Get out of this forum if you want, but don't come here asking for on-topic threads to be removed, idiot.
Whatever. Your defense that someone else here was wrong because they missed out on profits is idiotic and a frequent tactic used by people peddling crypto currencies. As I pointed out, that same logic could have been said about every single .com in 1999 that eventually went to $0 which will be the same fate as Bitcoin and all other cryptos not backed by anything other than FOMO. I don't hear anyone on ET talking about why one should own any S&P or R2K stock because after-all, look at how it has run up over the past x years. The whole rally has been based on nothing more than FOMO and perhaps a deeper appreciation for a way to hide assets outside government's reach in the hope that a greater fool will show up willing to be stuck holding the bag at a higher price. And I think the thread should be deleted not because it was about cryptos, but because it turned into nothing more than 2 people hurling childish personal attacks at each other.
Do you think it is possible to be profitable today by investing in internet companies and internet infrastructure going about 20-25 years back?
Absolutely. Many that had reasonable / practical business models that were well-executed made it. But I simply provided a counter-example to the extremely naive notion that just because something ran up a lot in the past, it has to go up a lot more in the future. Past performance does not guarantee future results. But the FOMO suckers seem to consistently ignore that.
There are many ways to earn ( or lose ) money :
- invest based on hope hoping tomorrow will be great sunny day
- trade based on what you see on the chart
- get tips, 'expert' opinion from internet
- trade based on what you actually see on the chart
Nowadays you can easily
get tons of worthless useless conflicting nonsensical news from internet.
You can even generate tons of
worthless useless conflicting nonsensical news and put it up in internet,
or be interviewed by 'respectable' financial institutions.
anyway do whatever you want.
Those who experience long enough might be able to sieve
useful vs useless piece of information.
- invest based on hope hoping tomorrow will be great sunny day
- trade based on what you see on the chart
- get tips, 'expert' opinion from internet
- trade based on what you actually see on the chart
Nowadays you can easily
get tons of worthless useless conflicting nonsensical news from internet.
You can even generate tons of
worthless useless conflicting nonsensical news and put it up in internet,
or be interviewed by 'respectable' financial institutions.
anyway do whatever you want.
Those who experience long enough might be able to sieve
useful vs useless piece of information.
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"Absolutely" is enough to know. It's still possible to be profitable by investing in emerging technologies despite all those companies going bust. And bitcoin is not an emerging technology any more into its 10 year anniversary.
Some people are hopeless... Why even bother with them ? Let them spend their money the way they want, trading is a expensive hobby for some
https://en.wikipedia.org/wiki/Dunning–Kruger_effect
LOL! I doubt pessimists invest any money for future profits. To be investor one has to have a positive outlook on life.
He started with a reply to the thread by calling bitcoin investors stupid idiots and I reciprocated. My last reply to him was professional and civil as his last post was such, even if it was not a reply to me.
Your first post here on this forum almost 2 years ago was to boycott HBO if they "buy bitcoin to pay off some hackers", far be it from me to call you names, but it sounds childish to me.
And on the topic of that post, when will you admit that bitcoin is a legitimate investment asset or is that a forever prediction? I could say the same about any financial instruments out there, and I can never be wrong since it's good indefinitely. Update: the question is to all the posers, er, I meant posters, who think bitcoin is going to be worthless in the future.
https://elitetrader.com/et/threads/will-hbo-obtain-250-000-in-bitcoin.312108/#post-4500642