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Old 02-04-2020, 02:09 AM
LoveLife LoveLife is offline
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I'm generally very skeptical of others telling the world about their great "deal" on an investment. Strongly suggests that you want to pump the price so you can make money and dump it.

Sure cherry picking is a bit unfair. But in the last 27 months only those who perfectly timed it made money. The rest have lost a lot of money.

Since November 2017, 27 months ago, if an investor bought at almost any time except a 1 year window in the middle on deep dips, that investor has lost a lot of money. So in the last 27 months, more than 1/2 of that time an investor has lost some money or a LOT of money.

In the extreme BEST case scenario for an investor who timed it perfectly in the last 27 months, they bought at $3400 in January 2018, and sold in July at $11,300. That's a gain of about $8000 per share. A great return of course, with perfect timing.

In the extreme WORST case scenario, a investor bought at the all time high in December 2017 at $20,000. They have never gotten close to that price again. If they sold in the worst case, at the low of $3400, they lost $16,600 per share. That's TWICE as bad as the best case scenario.

The worst case market timing scenario is twice as bad as the best possible case scenario since the end of 2017. That's over 2 years of generally being in very red territory unless you bought at the very bottom.
Going “all in” is not a great way to invest.
Try dollar cost averaging....

https://bitcoinist.com/if-youd-inves...-last-5-years/

Buying $1/day of bitcoin for the last 5 years
Would cost you $1858
And it would now be worth $22,263
If you started earlier, the profit would be exponentially higher.
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Old 02-04-2020, 03:02 AM
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Quote:
Originally Posted by leadcounsel View Post
........The worst case market timing scenario is twice as bad as the best possible case scenario since the end of 2017. That's over 2 years of generally being in very red territory unless you bought at the very bottom.
You could say the exact thing about silver in 1980 when it was at $50.00 an ounce. Only worse. Much worse. People were standing in line to buy it. Because they thought it was on autopilot to the Moon.

They still haven't recovered..... They've been, "in the red" for the last 4 decades. Assuming they were foolish enough to hold it at that price. But remember, silver has, "withstood the test of time". It also can be manipulated, just like anything else.

The 2008 nationwide real estate crash is another perfect example. People actually believed it was such a stable market because, "Houses never go down in value!". They all got a rude awakening. What did these idiots think, the price of an average suburban home would be $1.2 million in 10 years?

"Timing the market", is what investing is all about. Regardless of the investment. Every good market is followed by a bad one. And you'll always have people investing in markets they have no business in. As Glen Frey sang in the song, "Smugglers Blues", "The lure of easy money has a very strong appeal".

And what's funny is the illegal drug market never goes down. It's just risky in other ways.
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Old 02-04-2020, 03:21 AM
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I guess if you have only heard of Bitcoin since it went to $20k you could only think of downs..

But if you aren't one of the last ones to find out about it, and have known about it since it was in the $100s of dollars range, you may think $9,000 or even $3,000 is pretty high eh?

Another halving soon.. Time to pump..

Oh, and screw XRP centralized BS banker coin..
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Old 02-04-2020, 05:15 AM
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Originally Posted by FE3 View Post
I guess if you have only heard of Bitcoin since it went to $20k you could only think of downs..

But if you aren't one of the last ones to find out about it, and have known about it since it was in the $100s of dollars range, you may think $9,000 or even $3,000 is pretty high eh?

Another halving soon.. Time to pump..

Oh, and screw XRP centralized BS banker coin..
Bitcoin maximalists remind me of General Motors employees when the first Honda arrived in America.
Condescension. Name calling. Resentment.

Honda did not put GM out of business, but they found a use case, matured,
and carved out a very valuable market. That is XRP.

If you are happy with your Suburban, then stick with it.
If you want a Prius, then you need to see a Honda dealer.
But a garage with both could be beneficial to the owner.
XRP and BTC on a Nano could be very lucrative.

Like it or not, many alt coins are going to be very successful.
Are you following XTZ?
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Old 02-04-2020, 05:21 AM
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“Well, Bitcoin has stabilized at almost exactly $14/coin.
I'm tired of waiting for a jump,
so I'm taking the loss and getting my cash back”
Thomas Randolph on Twitter
8:02 AM Jul 15, 2011

Do the homework.
Don’t invest more than you can afford to lose.
And don’t give up on your researched investment too soon.
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Old 02-07-2020, 03:56 PM
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It's almost up to 10k. Climbing!

If the Coronavirus scare keeps up over there in China then I can see BTC climbing and climbing and climbing some more. As long as they keep doing bogus **** over there and killing more and more people due to their ridiculousness then bitcoin is going to climb!
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Old 02-08-2020, 11:12 PM
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JUST PEAKED 10K 7 hours after I predicted
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Old 02-08-2020, 11:13 PM
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JUST PEAKED 10K 7 hours after I predicted
I just came to post the same lol, got a notification while eating.

Sent from my Note 8 using Tapatalk
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Old 02-09-2020, 02:37 AM
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Quote:
Originally Posted by LoveLife View Post
Bitcoin maximalists remind me of General Motors employees when the first Honda arrived in America........ If you want a Prius, then you need to see a Honda dealer.
Toyota.
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Old 02-09-2020, 06:23 AM
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Last 7 days:

Bitcoin up 8%
XRP. up 17%
Tezos. up 39%
KIN. up 134%

Utility will determine who wins and who doesn’t.
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Old 02-09-2020, 06:33 AM
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Quote:
Originally Posted by Unbelievable View Post
It's almost up to 10k. Climbing!

If the Coronavirus scare keeps up over there in China then I can see BTC climbing and climbing and climbing some more. As long as they keep doing bogus **** over there and killing more and more people due to their ridiculousness then bitcoin is going to climb!
China does most of bitcoin mining.
If mining is impacted because of coronavirus,
does price go up...or down?
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Old 02-09-2020, 06:02 PM
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Bitcoin gaped: $10,290.
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Old 02-10-2020, 10:35 AM
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Why do we value these idiots opinions?

Aug. 3, 2018
GOLDMAN SACHS: Bitcoin is never coming back. Goldman Sachs' investment strategy group says bitcoin will continue to decline. It also says the virtual currency meets none of the three definitions of usable money and makes up just 0.3% of global GDP. Bitcoin has declined by 48% in 2018.

Feb. 10, 2020
Goldman Sachs says impact of coronavirus will be ‘limited:
The price of bitcoin BTCUSD, -1.75% topped $10,000 on Sunday for the first time since September as the cryptocurrency’s 2020 rally continued. It dipped back below the milestone on Monday but remained 37% up year-to-date.
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Old 02-10-2020, 10:42 AM
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Quote:
Originally Posted by LoveLife View Post
Why do we value these idiots opinions?

Their experience tells them that P.T. Barnum was right.
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Old 02-11-2020, 07:28 AM
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Rumor has it China is close to releasing a gold back crypto.

https://www.kitco.com/news/2019-11-0...ax-Keiser.html

“[China] is rolling out a cryptocurrency, a lot of the details have not been divulged. I can tell you that the cryptocurrency that China’s rolling out will be backed by gold. It’s a two-pronged announcement. Number one, China’s got 20,000 tonnes of gold, number two, we’re rolling out a crypto coin backed by gold, and the dollar is toast,”
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Old 02-12-2020, 01:48 AM
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Quote:
Originally Posted by Loves_Chickens View Post
Rumor has it China is close to releasing a gold back crypto.

https://www.kitco.com/news/2019-11-0...ax-Keiser.html

“[China] is rolling out a cryptocurrency, a lot of the details have not been divulged. I can tell you that the cryptocurrency that China’s rolling out will be backed by gold. It’s a two-pronged announcement. Number one, China’s got 20,000 tonnes of gold, number two, we’re rolling out a crypto coin backed by gold, and the dollar is toast,”
The dollar isn't toast. Dollar homogeny might be.
Remember that any Chinese crypto will be back-end monitored.
ChiComs will be watching.

They first need to get their health crisis resolved. Then restore production. Then woo-back visitors.
Trump's tariffs started the mass exodus. Coronavirus has accelerated it.
Time, and many e-Yuans (e-RMBs?) will be required to stabilize their economy.

Whatever the reason, wow...what a glorious week in the crypto markets !!
Feels like December 2017. Deja vu all over again.
https://cmc.io
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Old 02-13-2020, 05:29 PM
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https://www.coindesk.com/[email protected]

Virus effects bitcoin mining
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Old 02-13-2020, 11:20 PM
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Quote:
Originally Posted by LoveLife View Post
China does most of bitcoin mining.
If mining is impacted because of coronavirus,
does price go up...or down?
way up
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Old 02-14-2020, 12:55 AM
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https://www.google.com/amp/s/www.cbs...king-industry/

No one goes to jail?
Fiat is only used for drug deals and money laundering.
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Old 02-14-2020, 03:02 AM
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Quote:
Originally Posted by LoveLife View Post
Bitcoin maximalists
Bitcoin has what I want in a decentralized currency while XRP absolutely does not..

XRP is centralized and premined.. Exactly the opposite of what I want..
Sure the price goes up and down..

Other than BTC I do like some others like XMR and GRIN though..

I am more of your anarchist type crypto guy that won't touch XRP with a 10 foot pole..
I want to take the power away from the banks, not give them more with XRP..
Copy?
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