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You got to live your dreams as you go. You can't wait for bitcoin to "go to the moon" before you buy your boat.
If you don't know how to sail, take lessons. If you want to live on a boat, but a boat and live on it.
The answer is it's not about a price point as much as it is about technical indicators.
I won't have to if I sell my Maui condo but I'd like to keep it.
Here is another, do you think you're wiser than Chris Miller, a billionaire who's put 50% of his personal wealth in bitcoin? Not to mention the many others.
https://www.thestreet.com/investing/cryptocurrency/fund-manager-bill-miller-says-50-personal-wealth-in-bitcoin?source=patrick.net
Chris is falling for a scam? Chris is just part of the ponzi? If so, only one of the many billionaires makes out eh? The rest are fools right?
How do we know he's not lying?
I'm not going to answer anymore questions
You haven't answered any questions!
Not that I was expecting any cogent defense of cryptocurrency. It's a scam.
it's still up over 350%
More blue screen of death and repetitive low information remarks coming up!
How come you use Vox for your investment advice? I'm mean. Come on. Vox?
this vox misinfo thread
"it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters “pump” up the price of a security creating a speculative frenzy, then “dump” some of their holdings at artificially high prices."
Do you disagree with Vox? What did they get wrong?
I disagree 100%.
SO, how do you make money investing in crypto without finding a greater fool to pay more than you did?
Bitcoin is a scam.
You should really nuke this thread and start a Crypto Information thread instead
Onvacation saysSO, how do you make money investing in crypto without finding a greater fool to pay more than you did?
I've rejected the premise.
If you don't know who the fool is, it might be you.
Go ahead. This is the crypto currency is a scam thread.
Onvacation saysGo ahead. This is the crypto currency is a scam thread.
Nah, too lazy. Besides you've already taken the torch.
Full disclosure: I just started learning about cryptocurrencies, but quite aggressively. I made it a priority.
Having said that. Cost of transaction for bitcoin is non-trivial, but the chart doesn't show it at all.
OK. Go ahead. Tell us why bitcoin is not a scam requiring a bigger fool to buy your coin in order to make a profit?
Bitcoin is more like gold
Also, bitcoin is significantly different than most other cryptocurrencies. The energy required is what protects it. The others may be quicker and cheaper but less secure among other things. Different niche. Bitcoin is more like gold. I believe it now does smart contracts natively recently though.Right, "the energy required is what protects it." There's a flip side to that: small transactions are irreversible. If you used bitcoin to buy something for an equivalent of $10, and not satisfied, it's cheaper to just forget about it than to get a refund. Then, there may be another network which makes transactions easier but at the cost of security.
but a fare comparison chart should at least mention it.
I'm not bill.
Gold only has to be nined once
Gold is an element.
mostly reader saysThere was a chart few posts above mine, the type which compares crypto against other financial instruments (fiat/gold/etc.) and crypto comes out ahead in all metrics. I don't see it any longer.but a fare comparison chart should at least mention it.
Yeah, agree with everything you said. I'm just not sure what this comparison chart is you're referring to.
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https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocurrency-mining-pump-dump-fraud-ico-value