Bitcoin currency of the future?

[Grassshoppa]

The whole thing is a conspiracy. Bitcoin starts to drop drastically and Coinbase crashes so no one can sell.

 

[Mr Mojo Lane]

You've got to employ some safe thinking when you trade. I took a minor risk buying back in at 230, but insanely, LTC soared to 390. I sold off at around 370, and have watched it tank.since then. Even at 300 I'm not tempted. Looks like it will break through the floor and sink down to the mid 200s. While I could be wrong, I'm not confident in it at 300-320 right now. After a surge that insane, you have to expect some major pullback as people dump to rake in their earnings and then more people sell off in panic as the price plummets.

I had support around $292 and then, yes, LTC could tank down to the mid-200s pretty easily.

 

[Tamriel Terror]

Everything on coinbase is dropping. Could be a good time to buy.

 

[Zazen]

The whole thing is a conspiracy. Bitcoin starts to drop drastically and Coinbase crashes so no one can sell.

Coinbase is garbage, they can't handle all this traffic. I don't know why people are obsessed with selling everyday. I think the people that are millionaires just cashed in early and held out for years.

 

[CerebralKnievel]

I had support around $292 and then, yes, LTC could tank down to the mid-200s pretty easily.

It already is. Dipped to 270

 

[CerebralKnievel]

The whole thing is a conspiracy. Bitcoin starts to drop drastically and Coinbase crashes so no one can sell.

LOL!! "Conspiracy."

They simply aren't equipped to handle the network traffic. No different than Sherdog crashing when Fedor lost to Werdum. Sudden event draws every user at once.

 

[CerebralKnievel]

I wonder if bitcoin takes a huge drop, then all the average Joes invest again, then it skyrockets up past 20k this time?

I wager it shall. Gains that occur as quickly as those experienced by Cryptos this week aren't usually fully sustainable. I don't expect they'll drop to the 5k, 300, 50 marks they were at three weeks ago, but maybe a good 20% of BTC and 20-40 off of LTC.

 

[kahiljabroni]

I'm honestly not a big believer in crypto currencies. I don't think they are going to take over the world because I don't really see a need for them other than dark Web shit.

Also I fully believe the federal government will make moves to shut this shit down as soon as they feel threatened. Shit we start over currencies. You really think they are just going to throw up their hands? They'll censor the entire Internet like NK before they let that happen.

That said there is money to be made in the mean time. I want to the 2k into 10k. It's about 4% of my liquid assets so not taking a big risk here.

 

[SwamiLeoni]

I had support around $292 and then, yes, LTC could tank down to the mid-200s pretty easily.

It might but it seems to go up during Asia’s trading. It has a market advantage of being easily obtained by fiat and its transaction speeds are quick and cheap. I bought in at $44, so even if it drops down to $200 I’m still sitting good. I expect it to increase totaling around $700 by 2018 if I could guess. It is correcting right now which is fine because it’ll go up again. Especially when everyone gets a Ledger for Christmas.

I’ll say it again, put small amounts of cash in low market caps with low buy ins that have good projects. It’s an easy way to protect yourself and make a decent profit.

 

[Grassshoppa]

Hopefully it doesn't fall on its face. Hard to be a currency if it's so volatile. Why should I buy something with it if tomorrow it would cost me 50% less? Hard to be an asset if no one wants to trade it. Why should I trade my bitcoin when tomorrow it might be worth 50x more?

 

[Der Eisbär]

I'm honestly not a big believer in crypto currencies. I don't think they are going to take over the world because I don't really see a need for them other than dark Web shit.

Also I fully believe the federal government will make moves to shut this shit down as soon as they feel threatened. Shit we start over currencies. You really think they are just going to throw up their hands? They'll censor the entire Internet like NK before they let that happen.

That said there is money to be made in the mean time. I want to the 2k into 10k. It's about 4% of my liquid assets so not taking a big risk here.

When a wave of human progress sweeps over human civilization there's nothing governments can do to stop it.

Don't you think the feudal system of europe with kings and queens tried to stop democracy from taking over? Of course they did, and failed.

 

[Grassshoppa]

When a wave of human progress sweeps over human civilization there's nothing governments can do to stop it.

Don't you think the feudal system of europe with kings and queens tried to stop democracy from taking over? Of course they did, and failed.

I think all they have to do is make it illegal. Like they did with e-gold. Or they tax the shit out of it and make it useless. The IRS has already swooped in on Coinbase.

And the whole net neutrality debate could be the first step in making the internet just like any other service like electricity, cable, sewer/water, etc. Then there goes the theory that the government can't control the internet.

 

[Der Eisbär]

I think all they have to do is make it illegal. Like they did with e-gold. Or they tax the shit out of it and make it useless. The IRS has already swooped in on Coinbase.

And the whole net neutrality debate could be the first step in making the internet just like any other service like electricity, cable, sewer/water, etc. Then there goes the theory that the government can't control the internet.

"tax the shit out of it" just means capital gains tax, and there's nothing wrong with that, and won't kill it. Capital gains tax doesn't implode any other investment product so why would it implode crypto?

 

[Zazen]

I've said this earlier and I think I need to say it again. Some of you guys really need to check your ego. I noticed that there are two sides here. Those that refuse to believe cryptocurrency is viable and those that think it is impossible for a government to bring it down. I don't know how either can claim they're right with 100% certainty this early into things. I think we all need to take a step back and acknowledge that we don't have a clue what is going to happen. Wish you guys success but don't let greed get the best of you. Work on developing a skill that's going to make you money and don't rely on getting rich quick. Personally I capped myself off at 500 dollars and if I make a few extra thousand long-term that is good enough for me. I don't know how people can stare at charts all day long, selling and buying constantly. Shit would make me lose all my hair within half a year.

 

[Grassshoppa]

I've said this earlier and I think I need to say it again. Some of you guys really need to check your ego. I noticed that there are two sides here. Those that refuse to believe cryptocurrency is viable and those that think it is impossible for a government to bring it down. I don't know how either can claim they're right with 100% certainty this early into things. I think we all need to take a step back and acknowledge that we don't have a clue what is going to happen. Wish you guys success but don't let greed get the best of you. Work on developing a skill that's going to make you money and don't rely on getting rich quick. Personally I capped myself off at 500 dollars and if I make a few extra thousand long-term that is good enough for me. I don't know how people can stare at charts all day long, selling and buying constantly. Shit would make me lose all my hair within half a year.

I think that's the key. If you bought bitcoin to the point of praying it doesn't drop then you probably shouldn't have invested that much money. It's usually the super rich that benefit from things like this. Those that have $100 million of "play money."

 

[kahiljabroni]

When a wave of human progress sweeps over human civilization there's nothing governments can do to stop it.

Don't you think the feudal system of europe with kings and queens tried to stop democracy from taking over? Of course they did, and failed.

But why is this a wave of human progress. What need does it fill?

Are you suggesting that if the government tries to shut this down that there will be an overthrow of our government?

You'd be amazed how partisanship goes out the window when the power structure or money is fked with. You'll have 100 senators and 435 congressmen voting to outlaw cryptos

 

[kahiljabroni]

Alright serious question fellas. I got my card verified. It's seems like it will allow me to instantly buy any coin up to 750. But is there a way I can just deposit money in dollars so I can move it around where and when I want? Or do I need a bank account linked?

 

[Tamriel Terror]

Alright serious question fellas. I got my card verified. It's seems like it will allow me to instantly buy any coin up to 750. But is there a way I can just deposit money in dollars so I can move it around where and when I want? Or do I need a bank account linked?

Probably link a bank account so you can deposit larger sums into coinbase. It will take a few days, but you can still buy while its pending. Atleast I'm able to.

 

[Der Eisbär]

But why is this a wave of human progress. What need does it fill?

Are you suggesting that if the government tries to shut this down that there will be an overthrow of our government?

You'd be amazed how partisanship goes out the window when the power structure or money is fked with. You'll have 100 senators and 435 congressmen voting to outlaw cryptos

The need it fills is a need for a currency that doesn't lose 3% of its value per year. A currency that cannot be created out of thin air that is manipulated by the fed. A currency that cannot be seized, that can be sent anywhere in the world, without a 3rd party intermediary. Its a return to the barter system in the sense that transactions are directly between two parties with no 3rd party, but with all the advantages of having a currency for the exchange. And that's just the block-chain ledger I'm describing.

If you've done your research on block-chain and cryptocurrency you should already know these things. Bitcoin isnt 17,000$ for no reason. Yes, a big reason for that price is the recent flood of mainstream retail investment. But bitcoin had already hit 1000$ before that happened.

Then you have technologies like ethereum, which can be summed up as "the internet 2.0". A decentralized data platform instead of a centralized one. It's an entirely new way for data to exist, an entirely new way for getting funding for building an app or tech startup, an entirely new way for tech companies to exist.

Then you have technologies like power ledger, which is a decentralized crypto currency for buying, selling and trading renewable energy.

The possibilities are endless and the sky is the limit. The block-chain is a world changing technology that will revolutionize everything.

 

[Der Eisbär]

Alright serious question fellas. I got my card verified. It's seems like it will allow me to instantly buy any coin up to 750. But is there a way I can just deposit money in dollars so I can move it around where and when I want? Or do I need a bank account linked?

Yeah, select accounts, select your USD wallet, select deposit, choose your payment method and deposit amount.