cryptocurrency forum (bitcoin and more)

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I predicted BNB coin will hit $20 when it was $2.4. I saw binance exchange open and grow big and their BNB coin gives people discount on fees so I had a feeling it will go up a lot because bittrex stopped allowing people to register and few other exchanges did that as well. BNB went up to almost $25 a coin but now it is going down because the market is bleeding. Regarding Monero, I see a lot of people interested in it but there is a chance for the Government to stop it and even jail people for money laundering because this is sending money anonymously.
 
Bought into VeChain around 5$. They've announced some pretty big partnerships recently with DNV GL and China. Seems promising
 
dmd20000 said:
Hey, what do you recommend buying to hold for 2018 other than crypto?
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I see crypto as a gamble. You might luck out or you might not. I think the odd is against you tho.

Roll the dice. If this is your only way out of CVS, then it might worth the risk. Just be prepared to get out sooner than later.

I am certain it is in a bubble. The question is...is it in the 5th or 9th inning.


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All the crypto = biggest scam/bubble ever. It is based on nothing. However, if you can get in and out quickly...profits could be made. Stock market is also a bubble and a casino, by the way.
 
BMBiology said:
I see crypto as a gamble. You might luck out or you might not. I think the odd is against you tho.

Roll the dice. If this is your only way out of CVS, then it might worth the risk. Just be prepared to get out sooner than later.

I am certain it is in a bubble. The question is...is it in the 5th or 9th inning.


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No one here is saying there aren't risks. You get in and out.

Problem is that risk has given huge rewards. My wallet thanks everyone here for inflating in since I have been out for a while now.
 
wagrxm2000 said:
No one here is saying there aren't risks. You get in and out.

Problem is that risk has given huge rewards. My wallet thanks everyone here for inflating in since I have been out for a while now.
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Namaste

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It's like playing with penny stocks. 1400 crypto and people think the supply is limited, every month new crypto joins the market. Play to gamble, nothing else.

Add "block chain" to whatever you do, the herd will flock, stocks double 150% in a day, look at Kodak. If you don't think this is a speculative gamble, you are a *****. They don't even have anything concrete, people just buy an idea. Idea doesn't make money.

Trade, don't think this as investment or you will be sorry.

I have 0 crypto. I wish you all the luck you need.
 
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Why are all these people who are afraid to take some risks coming to the crypto thread and saying this is a horrible idea?

We get it, you don't understand. I made a boat load of money last year in this. This thread was made so people would stop posting in the investment thread.

Go say it's a bad idea there and sorry you missed out.
 
It just a complete lack of understanding. But, we can all be relieved of our mental slavery. I am working on it right now for myself, and wish freedom for you all as well.

Blessings!

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wagrxm2000 said:
Why are all these people who are afraid to take some risks coming to the crypto thread and saying this is a horrible idea?

We get it, you don't understand. I made a boat load of money last year in this. This thread was made so people would stop posting in the investment thread.

Go say it's a bad idea there and sorry you missed out.
Click to expand...
Because I can thread jack. There is an ignore button right there.

Crypto = bad idea, see?
 
It's certainly foolish to hold on too long as there will likely be a major correction incoming this year or next... Simply a question of when.

This phenomenon isn't quite like trading penny stocks though -- the risk-adjusted returns are an order of magnitude higher. There's a strong element of centralized, unregulated speculation occurring. As long as you keep tabs on news, you'll be OK.

Barring any major government intervention, there's no reason not to invest in cryptos at the moment. There's some grumbles from SK, China and Australia but it's counterbalanced by other developments e.g. Kodak's shill crypto and seemingly judicious support from Goldman (probably because they've flipped their trading position... pff). Just don't be caught holding the bag when the music stops.

And regarding Bitcoin's power usage - RaiBlock mitigates some of this problem through use of DAG rather than Blockchain.
 
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Momus said:
Because I can thread jack. There is an ignore button right there.

Crypto = bad idea, see?
Click to expand...

That's fine, you can post your opinion if you want to.

Everyone else will continue to make money
 
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wagrxm2000 said:
That's fine, you can post your opinion if you want to.

Everyone else will continue to make money
Click to expand...
Large quantities of money. So much that I can practice medicine for free!

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wagrxm2000 said:
That's fine, you can post your opinion if you want to.

Everyone else will continue to make money
Click to expand...

Exactly.

Discussion of crypto is open for everyone, not just the bull. It's healthy to hear both sides.

I'm sure I don't make money at all 🙂
 
Momus said:
Exactly.

Discussion of crypto is open for everyone, not just the bull. It's healthy to hear both sides.

I'm sure I don't make money at all 🙂
Click to expand...

Well saying its a gamble don't bet on it doesn't really contribute. Everyone knows the risks.

You do make money..... Just a lot less😛

But I'll stop now, don't want to take over the thread.
 
wagrxm2000 said:
Well saying its a gamble don't bet on it doesn't really contribute. Everyone knows the risks.

You do make money..... Just a lot less😛

But I'll stop now, don't want to take over the thread.
Click to expand...
Don't wanna brag how much I made last yr with your attitude towards index fund 😛
 
Momus said:
Don't wanna brag how much I made last yr with your attitude towards index fund 😛
Click to expand...

Did you see what Bitcoin did? It's up over 1500% the past year. You could have retired!!!!

I probably made almost half what you made with just a $20k investment. Wish I got in at the beginning of last year.

I'm satisfied now unless there's a huge pullback.
 
wagrxm2000 said:
Did you see what Bitcoin did? It's up over 1500% the past year. You could have retired!!!!

I probably made almost half what you made with just a $20k investment. Wish I got in at the beginning of last year.

I'm satisfied now unless there's a huge pullback.
Click to expand...
Just because bitcoin is up 200,000% in 1 yr doesn't mean it's not speculative.

Don't confuse outcome with strategy.

I'm glad you make some $.
 
wagrxm2000 said:
Did you see what Bitcoin did? It's up over 1500% the past year. You could have retired!!!!

I probably made almost half what you made with just a $20k investment. Wish I got in at the beginning of last year.

I'm satisfied now unless there's a huge pullback.
Click to expand...
There won't be a pullback for several months at the very least, I imagine. When both JPM and GS make public announcements shifting their positions on cryptos, you know something's up.
 
taking risks pays off. that's how most millionaires are made. they're willing to risk things and don't care about a few losses early on. the average pharmacist is risk averse. they would rather grind out their job at CVS for decades and would not consider taking financial risks by investing in something like bitcoin. it's not their fault really, it's a personality thing
 
The whole idea of crypto is nice but it is a grossedly bubble now. Everyday, you have at least 1 or 2 new coins coming out. If you click on their website, a bunch of claimed crypto expert b**** show their photos....all it really is ..and pump and dump scheme.

However, who cares...I ride the wave...put in 30K spreading across btc, etherium, litecoin, and other potentials on paper. So far my return has been nearly 4x. Cashed out 75%....let the rest ride.
 
I'm surprised that actual criminal organizations don't mint their own coins. For example, Co-Coin by Medellin Ltd, where for every X Co-coins are exchangeable for a no questions asked delivery of a kilogram of cocaine (~$25k) to your North American address. Where the cryptocurrency actually has a real good trading background (BitCoin has that implicitly).

And, I guess most of us are too young to have lost their shirts. I didn't, because I was out of the market by that point. That said, passive investment only works if there is trust that the market is going to work out. Without it, eventually everyone gets cleaned out.
 
Amphetamine Salts said:
taking risks pays off. that's how most millionaires are made. they're willing to risk things and don't care about a few losses early on. the average pharmacist is risk averse. they would rather grind out their job at CVS for decades and would not consider taking financial risks by investing in something like bitcoin. it's not their fault really, it's a personality thing
Click to expand...

Anybody can take risk. Not everyone can make money.


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People just want to say I told you so.

I already made more from this then I would have during this entire bull run.

So who is wrong?
 
wagrxm2000 said:
People just want to say I told you so.

I already made more from this then I would have during this entire bull run.

So who is wrong?
Click to expand...


Just because you got lucky (which at this point is all it is as this is pure speculation at this point) doesn't make you right. As of right now cryptocurrency investors are winning. If it is a bubble and pure speculation as many believe then cryptocurrency investors are overall going to lose. Just because you made money and many other early investors did speculating doesn't make you right. Makes you lucky that many other fools decided to buy at higher prices.

I wish I listened to my friend years ago when he talked about it. He was also a conspiracy theorist and stated it would take over fiat currency one day. I also wish I had bought ripple went it was 75 cents like I had planned. Then I looked into how to actually buy it and the time it took to buy it and wouldn't have been able to buy it before it took off. Oh well.

I could have made a bunch of money buying rite aid in 2008-2009 like I wanted to in school but didn't want to invest loan money. I ended up not doing it but could have had 1600% returns in <4 years. At least that was a company and actually had tangible assets.
 
rxdawg21 said:
Just because you got lucky (which at this point is all it is as this is pure speculation at this point) doesn't make you right. As of right now cryptocurrency investors are winning. If it is a bubble and pure speculation as many believe then cryptocurrency investors are overall going to lose. Just because you made money and many other early investors did speculating doesn't make you right. Makes you lucky that many other fools decided to buy at higher prices.

I wish I listened to my friend years ago when he talked about it. He was also a conspiracy theorist and stated it would take over fiat currency one day. I also wish I had bought ripple went it was 75 cents like I had planned. Then I looked into how to actually buy it and the time it took to buy it and wouldn't have been able to buy it before it took off. Oh well.

I could have made a bunch of money buying rite aid in 2008-2009 like I wanted to in school but didn't want to invest loan money. I ended up not doing it but could have had 1600% returns in <4 years. At least that was a company and actually had tangible assets.
Click to expand...

Lucky or smart. Just because someone was right doesn't make them lucky.

People have been "lucky" for over a year now.

When this bubble bursts, all the people who were saying this is a bad decision will be saying they were right. It's kind of like these bears saying the market is going to pop, they too will be saying they were right even though they've been wrong for awhile.

I actually remember years ago about people mining Bitcoin and I thought they were crazy. Guess they were even more lucky.
 
rxdawg21 said:
Just because you got lucky (which at this point is all it is as this is pure speculation at this point) doesn't make you right. As of right now cryptocurrency investors are winning. If it is a bubble and pure speculation as many believe then cryptocurrency investors are overall going to lose. Just because you made money and many other early investors did speculating doesn't make you right. Makes you lucky that many other fools decided to buy at higher prices.

I wish I listened to my friend years ago when he talked about it. He was also a conspiracy theorist and stated it would take over fiat currency one day. I also wish I had bought ripple went it was 75 cents like I had planned. Then I looked into how to actually buy it and the time it took to buy it and wouldn't have been able to buy it before it took off. Oh well.

I could have made a bunch of money buying rite aid in 2008-2009 like I wanted to in school but didn't want to invest loan money. I ended up not doing it but could have had 1600% returns in <4 years. At least that was a company and actually had tangible assets.
Click to expand...

I still own tulips. I still believe in them.
 
Luck does not exist, except in the minds of the naive.

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wagrxm2000 said:
Lucky or smart. Just because someone was right doesn't make them lucky.

People have been "lucky" for over a year now.

When this bubble bursts, all the people who were saying this is a bad decision will be saying they were right. It's kind of like these bears saying the market is going to pop, they too will be saying they were right even though they've been wrong for awhile.

I actually remember years ago about people mining Bitcoin and I thought they were crazy. Guess they were even more lucky.
Click to expand...

As long as you cash in, who cares if you are "right" or "wrong"? Money makes a right of its own. My own take is that the risk appetite has to be exceptional but also, the opportunity for loss is clearly there too.
 
wagrxm2000 said:
People just want to say I told you so.

I already made more from this then I would have during this entire bull run.

So who is wrong?
Click to expand...

Where is the prove that you actually made a lot of money from it? All I see is a post claiming you did. For all we know you still got skin in the game. You care too much for someone who had sold his position.


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I have brokered out the rest of the Etherium at the 1.3k spike and now have my 1k invested evenly between:

XLM @ 0.73
TRX @ 0.22 (ouch!)
ICX @ 10.84
FUN @ 0.16

I'm putting some more in ETH and maybe BTC opportunistically in the dips on Coinbase, but I'm not planning on transferring anything more to Binance until I get some positive reinforcement on my investment. Or I'll get bored and try to play the LTC swings.
 
BMBiology said:
Where is the prove that you actually made a lot of money from it? All I see is a post claiming you did. For all we know you still got skin in the game. You care too much for someone who had sold his position.


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Click to expand...

I'm pretty sure I posted somewhere my allocation many months ago. You can find it if you really want to know.

I also posted when I got out.

Believe me or not I could care less. $20k wasn't going to break my bank and that doubled many times over.
 
BMBiology said:
Where is the prove that you actually made a lot of money from it? All I see is a post claiming you did. For all we know you still got skin in the game. You care too much for someone who had sold his position.


Sent from my iPhone using Tapatalk
Click to expand...

Do you want my tulips?
 
lord999 said:
As long as you cash in, who cares if you are "right" or "wrong"? Money makes a right of its own. My own take is that the risk appetite has to be exceptional but also, the opportunity for loss is clearly there too.
Click to expand...

That's why I always say put in what you won't miss if you lost it all. We're pharmacists, just put in $500, it's only a days worth of pay.

It's up to them though, it worked out for me.
 
lord999 said:
As long as you cash in, who cares if you are "right" or "wrong"? Money makes a right of its own. My own take is that the risk appetite has to be exceptional but also, the opportunity for loss is clearly there too.
Click to expand...

That's why I always say put in what you won't miss if you lost it all. We're pharmacists, just put in $500, it's only a days worth of pay.

It's up to them though, it worked out for me.
 
Some good books to read:

1)Internet of Money series

2)Candlesticks, Fibonacci, and Chart Pattern Trading Tools, by Robert Fischer and Jens Fischer.


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wagrxm2000 said:
And that's all that matters, making money.

I wouldn't use the word invest with crypto, it's trading.
Click to expand...

Anyone in the right mind will not call crypo = investing.

Do you even read the article? I don't think many here realize about hindsight bias, self attribution bias, and trend chasing bias. But hey, that's why it's called a bias. It's hard to recognize. You got all three. It might play out well for you, but if you keep it up it will burn you badly when you have a larger balance due to your biases.

You could bet black on a roulette and won 4 times in a row, it still doesn't make you right. If you keep it up, you'll lose thinking you were right due to your superiority/genius/luck, you focus too much on the past outcome. But, it's not my $, do what you want with it. I hope you do get the 10,000% return and quit being a rxm soon 🙂

I'm a bear on crypto due to many reasons. A lot of bull on crypto, but not many can even articulate why it will continue to go up. Speculation/gambling is the word I can throw at it.
 
Momus said:
Anyone in the right mind will not call crypo = investing.

Do you even read the article? I don't think many here realize about hindsight bias, self attribution bias, and trend chasing bias. But hey, that's why it's called a bias. It's hard to recognize. You got all three. It might play out well for you, but if you keep it up it will burn you badly when you have a larger balance due to your biases.

You could bet black on a roulette and won 4 times in a row, it still doesn't make you right. If you keep it up, you'll lose thinking you were right due to your superiority/genius/luck, you focus too much on the past outcome. But, it's not my $, do what you want with it. I hope you do get the 10,000% return and quit being a rxm soon 🙂

I'm a bear on crypto due to many reasons. A lot of bull on crypto, but not many can even articulate why it will continue to go up. Speculation/gambling is the word I can throw at it.
Click to expand...
You keep using this gambling, bet on black, 50/50 chance responses.

There was so much momentum last year it wasn't even close to 50/50.

Again, I'm sorry you missed out but it wasn't gambling.

I'm out now, I don't see it as such an easy pick anymore. Since I've gotten out, it hasn't done well. Maybe I do know what I'm doing:shrug:
 
wagrxm2000 said:
You keep using this gambling, bet on black, 50/50 chance responses.

There was so much momentum last year it wasn't even close to 50/50.

Again, I'm sorry you missed out but it wasn't gambling.

I'm out now, I don't see it as such an easy pick anymore. Since I've gotten out, it hasn't done well. Maybe I do know what I'm doing:shrug:
Click to expand...
Black, Red, double 00, numbers whatever still the same concept change it to craps if you like, it's still the same thing. You still don't recognize your own bias. Clearly, you do not see that based on your last sentence.
 
Korean is gonna ban crypto....I think crypto game is over. Also I see a shi..load of new crypto popping out...it is a major signs of bubble. Time to gtfo.
 
Momus said:
Black, Red, double 00, numbers whatever still the same concept change it to craps if you like, it's still the same thing. You still don't recognize your own bias. Clearly, you do not see that based on your last sentence.
Click to expand...
The issue isn't my bias it's that you have a closed mind on the many opportunities there out there. I say it's not 50/50 because you don't lose it all it one second. If your wrong you may lose half but never (rarely) everything. We aren't throwing away money praying it works. These tulips will be worth millions, I guarantee it.

Index, index, index..... There's so much more
 
Fake news by many irresponsible journalists. Welcome to the idiocracy my friends. Always go to the source. Never let professional media interpret reality for you.

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