"Bitcoin and crypto-currencies will fail soon," said the increasingly nervous man for the 5th time.
He doesn't appear to be the least bit nervous to me.
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"Bitcoin and crypto-currencies will fail soon," said the increasingly nervous man for the 5th time.
I’ll never consider something that has at least tripled my returns in a very short period time (three months) a bad investment. Getting it out is just as easy as putting it in was. Better to buy in, cash in on the hype, get out and collect earnings than sit on the sidelines hoping for a “crash” just so GPU prices come down so you can get a 5% FPS gain on PUBG.
We’ll see a major dump this year of most of the useless alt-coins. That dump will temporarily decrease the value of the most useful coins (and present a buying opportunity) only to have their value return even more so. The whole tech boom and bust is often referenced, but people forget that some of those companies pulled right on through and made some people very wealthy.
Those of us long crypto will either be right or wrong, but we’ll also have some ROI. Better some ROI instead of peanuts in your bank account, which I’m sure is another reason most of you knockers haven’t dabbled.
Do you mean that you are mining on a work computer or your computer at home you do a lot of work on?
I think you quoted the wrong post. Let me help you out...
hmmmmmmm much better
Just like it never recovered after hitting huge highs of $1000 in 2013, then losing 80% of it's value in the coming months, doing nothing for a few years, then breaking out again in 2017?
People that think in absolutes like that are great at missing opportunities. There will be dark times again at some point I'm sure, BTC as a technology is pretty old by today's standard in terms of it's speed/cost, there are far better crypto solutions out there these days. In addition I actually agree that there are too many shitcoins out there these days that don't actually really do anything, doesn't mean the whole world will forever be dark for cryptos.
It's still the wild west out there in crypto world - there are smart ways to make money and at the same time insulate yourself, just like there are lots of stupid get rich quick types out there who are dumb enough to re-finance their house and go all in while the market is on a high.
https://www.hardocp.com/news/2018/01/15/price_manipulation_in_bitcoin_ecosystem
If this is true it will be the beginning of the end.
Yeah thank god the stock market isn't in a bubble and it's just cryptocurrency right?okay.... So people from the "stock market", are calling this out.... Now correct me if I'm wrong.... These ARE the same people who crashed banks, gave out high risk loans, and needed government bailouts to say this... Right? Not warren in particular but..... What is a solvent system? One with regulation? We have seen how well that works... Wtf...
Yeah thank god the stock market isn't in a bubble and it's just cryptocurrency right?
okay.... So people from the "stock market", are calling this out.... Now correct me if I'm wrong.... These ARE the same people who crashed banks, gave out high risk loans, and needed government bailouts to say this... Right? Not warren in particular but..... What is a solvent system? One with regulation? We have seen how well that works... Wtf...
I know nothing about something so I am going to comment on it... cool.
I think worrying about quantum computers disrupting things right now is a little like worrying about Netflix disrupting video rentals in the 80s.I am yet to see a proponent of cryptocurrency or blockchain in general explain how it will survive quantum computers making the technology obsolete over night. I haven't seen a quantum proof coin yet. I haven't even seen a theory for how one would be possible. Crypto is set up to be disrupted to its core.
Except he was also pessimistic on Apple, Microsoft and tech companies in general because he didn't "get" them.. and then later had to go on TV, hat in hand, and with tears in his eyes admit he was way wrong about tech and beg forgiveness.He's always been big on actually understanding your investments. He gave similar advice before and after the .com bubble.
You don't need to 'get' everything though. You only need to 'get' what you choose to invest in. No harm no foul.Except he was also pessimistic on Apple, Microsoft and tech companies in general because he didn't "get" them.. and then later had to go on TV, hat in hand, and with tears in his eyes admit he was way wrong about tech and beg forgiveness.
Old fart from the model T era doesn't "get" crypto just like every grandpa that didn't "get" the Internet and Netscape Navigator in the mid 90s because "I already have AOL what do I need that for".
I am yet to see a proponent of cryptocurrency or blockchain in general explain how it will survive quantum computers making the technology obsolete over night. I haven't seen a quantum proof coin yet. I haven't even seen a theory for how one would be possible. Crypto is set up to be disrupted to its core.
I don't see anything stopping it now. The crypto era is over. It will linger on but without anyway to convert it to real money its useless.
Please do explain how crypto era is over when crypto market cap is the same it was 3 months ago and 8 times as much as it was this time last year.
So the institutions that actually control real money have declared war on the crypto world. Not sure if you have been reading the news lately or not.