If you bought Bitcoin on Friday, you have lost almost 28%

Pekelo said:
There are 2 intrinsic values for BTC (but again, not unique among cryptos) that makes it practical for certain people: payment for illegal activities and avoidance of capital controls by governments. As long as these characteristics can be used BTC (and other cryptos) will have values, the question is just how much. And nobody will agree on that, thus the market exists.
More...
Exactly. When I bought it, I paid about 3 grand for 5 coins and my basis for this investment was similar to many other early stage investments - it looks highly convex given it's potential. Is it a guaranteed hit? No, but then again nothing in life is certain except death (taxes can be cheated).
 
baggerlord said:
These will be under $1 one day. Bitcoin is worth nothing. It is useful for making transactions and that is it. It is not acceptable as a store of value due to volatility and vulnerability to theft. If I was criminal I would right now be seeking and robbing bitcoin holders in real life because this generation that has bought in to bitcoin thinks that security means electronic security.
More...


LOL!
 
So, a CRYPTOCURRENCY rises in "VALUE" from what - o.ooooo1 USD to 2900 USD.

I am impressed that so many BAG HOLDERS are out there WILLING to lose their shirt and more.

You will be terminated like pigs in a slaughterhouse. Before you even understand what´s going on, the special sort of criminals will empty your pcikets and you will not even understand how it happened.

But when it happens, you will WISH that your BTC has the same legal "VALUE" like "fiat currency".

Blcokchain, store of value....Ha, ha, ha! What a bullshit story!
 
SunTrader said:
Meanwhile bitcoin .... has left the station - without the rationalizers.
More...

Beanie-babies, tulip bulbs, marijuana penny stocks, silver in 1980, silver in 2011, once all left the station without the rationalizers as well. They've all returned to the station.
 
SteveM said:
Beanie-babies, tulip bulbs, marijuana penny stocks, silver in 1980, silver in 2011, once all left the station without the rationalizers as well. They've all returned to the station.
More...
And one day the almighty S&P 500. What's your point?

Oh that will never happen. Nooooo. See GM, U.S. Steel, Kodak, etc etc etc.

Something, anything is worth what someone else will pay for it. Annnnnnything.
 
Blockchain != store of value. In fact BTC could be 10^-19 and the tech can still have value.

But between now and finality, cryptos go up, down, and if you aren't trading it, don't complain about not making money.

But hey this is ET, where people don't have the brain power to put their socks on, much less figure out blockchain.
 
jj90 said:
Blockchain != store of value. In fact BTC could be 10^-19 and the tech can still have value.

But between now and finality, cryptos go up, down, and if you aren't trading it, don't complain about not making money.

But hey this is ET, where people don't have the brain power to put their socks on, much less figure out blockchain.
More...

And that's the crux of it, is it not? Why are we arguing about something that's making people money no matter how speculative or volatile it is? Why aren't we discussing methods to hedge and reduce risk? We could be trading used panties for all I care, if someone's buying then I'm going to find a way to make a buck.

So ET'ers, rather than bash crypto, help those who are in it trade it successfully by using tried and true methods. Sure it could all go up in smoke tomorrow, but in the meantime help a brother out.
 
You must log in or register to reply here.
Back
Top