MonkeyF0cker Posted November 26, 2017 Report Share Posted November 26, 2017 It's just my skeptical mind I guess. Pyramid scheme. I know you know what that is. Economic bubble. Etc. People get mega rich off this type of stuff. All throughout history. And people get burned. This could be different. I don't know. I just wonder. There's no way to tell if it's a bubble or not. It could be overvalued or it could be massively undervalued presently. Nobody really has a real sense of the practical implementation and future consumer demand of cryptos yet. This is purely speculative investing. Not really a pyramid scheme. There's no pyramid in cryptos. People are trading a commodity on open, free market exchanges. Quote Link to comment Share on other sites More sharing options...
IAG Posted November 26, 2017 Report Share Posted November 26, 2017 It's just my skeptical mind I guess. Pyramid scheme. I know you know what that is. Economic bubble. Etc. People get mega rich off this type of stuff. All throughout history. And people get burned. This could be different. I don't know. I just wonder. http://www.nasdaq.com/article/five-reasons-why-bitcoin-is-not-a-bubble-cm864891 Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted November 26, 2017 Report Share Posted November 26, 2017 There's no way to tell if it's a bubble or not. It could be overvalued or it could be massively undervalued presently. Nobody really has a real sense of the practical implementation and future consumer demand of cryptos yet. This is purely speculative investing. Not really a pyramid scheme. There's no pyramid in cryptos. People are trading a commodity on open, free market exchanges. Fair enough. My skeptical side just thinks somebody is pulling the strings on the front end.. Quote Link to comment Share on other sites More sharing options...
IAG Posted November 26, 2017 Report Share Posted November 26, 2017 Fair enough. My skeptical side just thinks somebody is pulling the strings on the front end..I think If you read more about it and the history, you might think differently. It’s possible/probable it majorly corrects at some point..perhaps after futures are listed, but I like my odds on making money In cryptos wayyyyy better than making money in the NFL. I’ll take the risk...only time will tell...but in the short term, there is still a lot of money to be made....knock wood. Of course it’s entirely possible I’ve beem brainwashed by the magic internet money cult.....and I’m only halfway kidding...lol. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted November 26, 2017 Report Share Posted November 26, 2017 Fair enough. My skeptical side just thinks somebody is pulling the strings on the front end.. There are no strings to be pulled. There are literally hundreds of exchanges out there across the globe with over $3 billion in volume traded today alone on BTC. You'd have a pretty hard time manipulating something of this scale. Put it this way, Bitcoin currently has about half as much volume as GE does per day on the NYSE... Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted November 26, 2017 Report Share Posted November 26, 2017 There are no strings to be pulled. There are literally hundreds of exchanges out there across the globe with over $3 billion in volume traded today alone on BTC. You'd have a pretty hard time manipulating something of this scale. Put it this way, Bitcoin has about half as much volume as GE does per day on the NYSE... It's crazy if you really think about it. Something that could take the world by storm so fast. That's what makes me be skeptical. I hope all of you that are into this make a killing. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted November 26, 2017 Report Share Posted November 26, 2017 Some of the cryptos will revolutionize the way business is done in the future. There should be excitement about them. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted November 26, 2017 Report Share Posted November 26, 2017 GDAX just hit $9150 during this conversation BTW. Quote Link to comment Share on other sites More sharing options...
IAG Posted November 26, 2017 Report Share Posted November 26, 2017 It's crazy if you really think about it. Something that could take the world by storm so fast. That's what makes me be skeptical. I hope all of you that are into this make a killing. It’s been almost 8 years in the making. And in crypto time that probably seems like a century to those who have been in long term. I’ve only been in 6 months and it seems like 8 years. Quote Link to comment Share on other sites More sharing options...
sugardaddy Posted November 26, 2017 Report Share Posted November 26, 2017 Fabulous learning material here... very kind of you guys to share so much valuable information on this trending and such a sophisticated topic. Who would have know we have so many and such knowledgeable crypto investors here Quote Link to comment Share on other sites More sharing options...
sugardaddy Posted November 26, 2017 Report Share Posted November 26, 2017 I keep kicking myself for missing out on such a great opportunity having had every possible means to have jumped aboard wheb it was in the 300s value range... my wife said we should buy in again when it hit the mid 5500s and well... and I'm still not IN Quote Link to comment Share on other sites More sharing options...
Dingo Posted November 26, 2017 Report Share Posted November 26, 2017 I keep kicking myself for missing out on such a great opportunity having had every possible means to have jumped aboard wheb it was in the 300s value range... my wife said we should buy in again when it hit the mid 5500s and well... and I'm still not INEvery time I buy BTC I feel as though I am paying too much And it just keeps going upEventually the bubble will burstBut like the game musical chairs make sure you have a chair to sit on when the music stops Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted November 26, 2017 Report Share Posted November 26, 2017 $9250 Quote Link to comment Share on other sites More sharing options...
Reno Marty Posted November 26, 2017 Report Share Posted November 26, 2017 No doubt. I agree. With this type of stuff you just never know. Crazy that money invented out of nowhere is doing this. I'm still skeptical. Just hope you guys dont get buried by it.. Meanwhile you're betting sports this weekend aren't you? Quote Link to comment Share on other sites More sharing options...
IAG Posted November 26, 2017 Report Share Posted November 26, 2017 Quote Link to comment Share on other sites More sharing options...
IAG Posted November 26, 2017 Report Share Posted November 26, 2017 9300 Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted November 26, 2017 Report Share Posted November 26, 2017 Meanwhile you're betting sports this weekend aren't you?Cardinals ML baby!! Quote Link to comment Share on other sites More sharing options...
rito Posted November 26, 2017 Report Share Posted November 26, 2017 Meanwhile you're betting sports this weekend aren't you? are you not betting sports anymore? Quote Link to comment Share on other sites More sharing options...
IAG Posted November 26, 2017 Report Share Posted November 26, 2017 Video killed the radio star. Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted November 26, 2017 Report Share Posted November 26, 2017 The whole thing is pretty amazing.....best advice given imo was IAG a couple month ago when posters were complaining g about rising cost was she said ‘you don’t have to buy a whole coin every week but just buy however much you can every week’ And what MF posted today that 3-billion is in use daily is pretty telling that it’s here to stay... I looked back at a text I sent Spud on Nov 1st and it read BC $6,600 Wow!!! Fvcking guy has me convinced it was a Ponzi scheme......Heeeyyyy Quote Link to comment Share on other sites More sharing options...
IAG Posted November 26, 2017 Report Share Posted November 26, 2017 9400 Quote Link to comment Share on other sites More sharing options...
Deemer Posted November 26, 2017 Report Share Posted November 26, 2017 So best ways to buy (1) Coinbase(2) Local bitcoins? Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted November 26, 2017 Report Share Posted November 26, 2017 The best way to buy is through an exchange (Coinbase/GDAX, Kraken, Gemini, Bitstamp, etc.). You'll probably have a hard time finding a decent deal on Local Bitcoins. Quote Link to comment Share on other sites More sharing options...
Deemer Posted November 26, 2017 Report Share Posted November 26, 2017 Heard kraken is shit. Coinbase fees r unreal Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted November 26, 2017 Report Share Posted November 26, 2017 Kraken is fine if there isn't high volume. They only charge me $5 for a bank wire. Quote Link to comment Share on other sites More sharing options...
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