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bitcoins

I invest quite heavily at the moment in alt coins. Bother me when price swing that much day-day. Looking back I get a really nice profit if I cash all out. Shit I could use it for a home down payment.

My neighbor(clueless about stock) even bought 2 btc. This tells me I should get out.

At the moment I think I am gamble with a few alt coins. I know I could lose it all, but this won't hurt me financially I think I will wait another few months.
 
I highly recommend reading the whitepapers on Ethereum and Monero for long term investments.
 
Entoptic said:
Volc get real. You come in here calling it snake oil and then say ^.
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As I said before Cryptocurrency is awesome and has potential. I simply think your view of the current market is distorted and you offer pretty bad advice (based on the last few posts you've made).
 
Entoptic said:
you guys crack me up. Come in here to just spread fud. Go back to your stock thread.
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You keep defending Bitcoin. You were smart, you got in at a low. Congrats!!!!

Don't let one good bet convince you that know something others don't. Everyone is a genius in an up market.

I freely admit that any investment I make is risky, stocks, bonds, real estate, guns, what have you.

You apparently are heavily invested in ONE investment and believe it is a sure bet. Do you see the difference?
 
stangmx13 said:
u mean like the stock market?
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There's a distinct difference. Stocks give you ownership, and often a share of earnings of a company. Bitcoins don't. They are arbitrary devices that reflect demand, not intrinsic value.
 
afm199 said:
You apparently are heavily invested in ONE investment and believe it is a sure bet. Do you see the difference?
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I think 'one type' of investment would be more accurate. As I believe he's invested in several other alt coins as well.

I agree with the rest of what you've said.
 
afm199 said:
You keep defending Bitcoin. You were smart, you got in at a low. Congrats!!!!

Don't let one good bet convince you that know something others don't. Everyone is a genius in an up market.

I freely admit that any investment I make is risky, stocks, bonds, real estate, guns, what have you.

You apparently are heavily invested in ONE investment and believe it is a sure bet. Do you see the difference?
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No I don't. I've even said over and over that BTC is dead and the only thing that will save it is lightning. I do own some BTC but I also own a lot of alts.

I also own precious metals and stock.

You guys are fucking clueless as to what I invest in. Just because I'm in a BTC thread talking about BTC...

Barf never gets old.

Please keep the dog pile going.
 
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Entoptic said:
Volc get real. You come in here calling it snake oil and then say ^. What questions and suggestions have you mentioned?
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Values are swinging 50% a day, how can that be based on anything other than speculative day trading by most of the market?

BTC has a market cap of $420,000,000,000 at 20k, do you really thing there is 420 billion dollars available to buy bitcoin from the current holders? Because if there isn't, a lot of BTC holders have nothing but paper gains. 420 Billion dollars is ~2% of the entire US GDP.

Making and losing money day trading is fine, but you want to be really clear about what you are actually doing.
 
stangmx13 said:
u mean like the stock market?
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The stock market is a bit different since (in theory at least) the underlying companies are creating value. But yeah, often the stock market is nothing more than zero sum gambling.
 
afm199 said:
Poor Baby. Misunderstood and all the boys are picking on him.
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I came to check the thread and this is part of the problem with barf. Good old fashion trolling. I'll go back under my rock for a few more weeks and then check back to see if any real discussion is happening besides all the "fools and their money" garbage. Just let people invest how they want. Why do barf users have to be so condescending? Maybe childish is a better word.
 
afm199 said:
There's a distinct difference. Stocks give you ownership, and often a share of earnings of a company. Bitcoins don't. They are arbitrary devices that reflect demand, not intrinsic value.
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I wouldn't call that a distinct difference.

ownership of what? a thing that people says has value cuz it does a thing. thats not a difference. coin is also a thing that people say has value cuz it does a thing. id propose that the company actually requires a lot more steps to produce the thing, its just already setup so u think its simpler. at least with BTC, I can get USD in my checking acct in a few days or buy something w/ it at a few places right now.

a share of earnings is different. Ive owned a handful of stock and never received earnings. which way is more common? is this not a drop in a bucket?

IMO, value based on speculation is one step away from arbitrary, just like coin. I own founders stock in 2 tech companies and I am shocked at their valuations. one company produces very very little, they just plan to, and their valuation is 6M. another had revenue over 800K last year and their valuation is near 11M. there are a lot fewer people propping up the value of those 2 companies than with BTC.
 
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