IAG Posted May 25, 2017 Report Share Posted May 25, 2017 I wonder if this means they will stop giving me free BTC. Maybe they figured out they should stop doing that. Quote Link to comment Share on other sites More sharing options...
Timely Hitting Posted May 25, 2017 Report Share Posted May 25, 2017 Doubtful. These things happen all the time in markets. The only people that do not understand are the people that have not seen this countless times.All the time? Show me, with great frequency, where nearly an entire sector of currency has increased in value by 10 times in under 60 days. Or show me where a market place with a 60+bn market cap has increased by 10 times in under 60 days. Great frequency? I must be asleep during this. This isn't your typical boom as it has happened much more quickly. It has also boomed and fallen before, but never to this extent. Quote Link to comment Share on other sites More sharing options...
IAG Posted May 25, 2017 Report Share Posted May 25, 2017 Coinbase back up Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted May 25, 2017 Report Share Posted May 25, 2017 All the time? Show me, with great frequency, where nearly an entire sector of currency has increased in value by 10 times in under 60 days. Or show me where a market place with a 60+bn market cap has increased by 10 times in under 60 days. Great frequency? I must be asleep during this. This isn't your typical boom as it has happened much more quickly. It has also boomed and fallen before, but never to this extent. This is a highly volatile stock with no earnings. It happens over and over and over again. None of you are buying bitcoin because it has a use. You are buying it because it is going up. Quote Link to comment Share on other sites More sharing options...
rito Posted May 25, 2017 Report Share Posted May 25, 2017 https://en.wikipedia.org/wiki/Tulip_mania Quote Link to comment Share on other sites More sharing options...
IAG Posted May 25, 2017 Report Share Posted May 25, 2017 This is a highly volatile stock with no earnings. It happens over and over and over again. None of you are buying bitcoin because it has a use. You are buying it because it is going up. Pretty sure most here bought it for a specific use. Quote Link to comment Share on other sites More sharing options...
IAG Posted May 25, 2017 Report Share Posted May 25, 2017 https://en.wikipedia.org/wiki/Tulip_mania Hahahaha I made this same comparison to someone a few days ago.... Quote Link to comment Share on other sites More sharing options...
spankie Posted May 25, 2017 Report Share Posted May 25, 2017 https://coinmarketcap.com/currencies/views/all/ Take your pick. I've seen SEVERAL crypto's increase ten fold in the past 60 days. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted May 25, 2017 Report Share Posted May 25, 2017 Pretty sure most here bought it for a specific use.No, they haven't. It doesn't have one. Branch Davidian just panicked out. It is what you will all do. Where were you at $200? Quote Link to comment Share on other sites More sharing options...
Timely Hitting Posted May 25, 2017 Report Share Posted May 25, 2017 This is a highly volatile stock with no earnings. It happens over and over and over again. None of you are buying bitcoin because it has a use. You are buying it because it is going up. 1. this isnt a stock2. bitcoin has use, which is how it obtains its value3. savvy investors dont simply buy something because it's price is increasing - especially if they feel it's artificial - they buy because it has use today and in the future and value4. earnings? once again, it's not a stock. it's a form of "currency" or an asset with a perceived monetary value5. all currency values are based 100% on perceptions; there is nothing backing any currency at this point outside of ones willingness to value it highly you can't give me a single example of this occurring because it is not typical and it has not been seen with great frequency. Quote Link to comment Share on other sites More sharing options...
Timely Hitting Posted May 25, 2017 Report Share Posted May 25, 2017 https://en.wikipedia.org/wiki/Tulip_maniaI remember learning about this; great frequency I was told. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted May 25, 2017 Report Share Posted May 25, 2017 1. this isnt a stock2. bitcoin has use, which is how it obtains its value3. savvy investors dont simply buy something because it's price is increasing - especially if they feel it's artificial - they buy because it has use today and in the future and value4. earnings? once again, it's not a stock. it's a form of "currency" or an asset with a perceived monetary value5. all currency values are based 100% on perceptions; there is nothing backing any currency at this point outside of ones willingness to value it highly you can't give me a single example of this occurring because it is not typical and it has not been seen with great frequency. rito gave you one. Just wait... Quote Link to comment Share on other sites More sharing options...
IAG Posted May 25, 2017 Report Share Posted May 25, 2017 No, they haven't. It doesn't have one. Branch Davidian just panicked out. It is what you will all do. Where were you at $200? Most of these guys bought to fund a book. Quote Link to comment Share on other sites More sharing options...
Timely Hitting Posted May 25, 2017 Report Share Posted May 25, 2017 https://coinmarketcap.com/currencies/views/all/ Take your pick. I've seen SEVERAL crypto's increase ten fold in the past 60 days. that's why i said an entire sector of a currency because bitcoin has not been alone. this is not a typical or frequently occurring boom. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted May 25, 2017 Report Share Posted May 25, 2017 Most of these guys bought to fund a book.And that is going to support these prices? Quote Link to comment Share on other sites More sharing options...
Timely Hitting Posted May 25, 2017 Report Share Posted May 25, 2017 rito gave you one. Just wait...i said show me with great frequency lol and you point to tulip mania. you compared it to a stock. it's not a stock. it has a use that isn't phantom ownership in some company or product. Quote Link to comment Share on other sites More sharing options...
rito Posted May 25, 2017 Report Share Posted May 25, 2017 I've never bought a coin. Sold about a million$ worth at current prices. Guess I should have just sat on all of them. Quote Link to comment Share on other sites More sharing options...
rito Posted May 25, 2017 Report Share Posted May 25, 2017 i said show me with great frequency lol and you point to tulip mania. you compared it to a stock. it's not a stock. it has a use that isn't phantom ownership in some company or product. It's only use is illegal activity, it will get shut down eventually. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted May 25, 2017 Report Share Posted May 25, 2017 i said show me with great frequency lol and you point to tulip mania. you compared it to a stock. it's not a stock. it has a use that isn't phantom ownership in some company or product.That's right. It isn't. A stock is a company with the potential for earnings. This has no earnings potential whatsoever. To compare it to a stock is ridiculous because it is not that legit. Quote Link to comment Share on other sites More sharing options...
Timely Hitting Posted May 25, 2017 Report Share Posted May 25, 2017 And that is going to support these prices?that's far from it's only use. the other uses even more valuable than this one. Quote Link to comment Share on other sites More sharing options...
IAG Posted May 25, 2017 Report Share Posted May 25, 2017 And that is going to support these prices?You said we all bought because it was going up and there was no use. I think many bought for the USE of funding a book. Quote Link to comment Share on other sites More sharing options...
rito Posted May 25, 2017 Report Share Posted May 25, 2017 that's far from it's only use. the other uses even more valuable than this one. Money laundering, drug trafficking, terrorism. All big business. Quote Link to comment Share on other sites More sharing options...
rito Posted May 25, 2017 Report Share Posted May 25, 2017 You said we all bought because it was going up and there was no use. I think many bought for the USE of funding a book. If that is the case then you aren't holding it or affecting it's value and there's no reason for it to go up. Quote Link to comment Share on other sites More sharing options...
Timely Hitting Posted May 25, 2017 Report Share Posted May 25, 2017 It's only use is illegal activity, it will get shut down eventually.it's growing internationally, not shrinking. there is a risk with it, sure, but it's not illegally used in plenty of places that aren't the USA. i'm also not quite sure how you "shut it down" either. wealthy people hiding money still happens all throughout the world, and this is a valuable asset to that community. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted May 25, 2017 Report Share Posted May 25, 2017 You said we all bought because it was going up and there was no use. I think many bought for the USE of funding a book.That is a real problem. They are all going to sell. Quote Link to comment Share on other sites More sharing options...
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