Bitcoin currency of the future?

[JonesBones]

You sure care a lot about "pixie dust." Maybe it's time to reevaluate your life

It is a topic I am interested in. The psychology of the market. I could also talk stocks all day and often do. lol.

Bitcoin and this shit is a great look into human psychology. Coinbase and this other stuff is giving people a bad first impression on it. It already had a bad reputation actually. I mean the biggest fuckin app in the app store was conning people. It is a significant issue. It is unethical. Coinbase is the largest con in the United States currently.

 

[Luminaire]

It is a topic I am interested in. The psychology of the market. I could also talk stocks all day and often do. lol.

Bitcoin and this shit is a great look into human psychology. Coinbase and this other stuff is giving people a bad first impression on it. It already had a bad reputation actually. I mean the biggest fuckin app in the app store was conning people. It is a significant issue. It is unethical. Coinbase is the largest con in the United States currently.

For a guy with a fascination in human psychology... you sure are utter shit when attempting to get a point across.

I find that very interesting.

 

[MaureenCretis]

I've just spent the mortgage on bitcoins. And my pension, and my children's savings.

Have i made a mkstake?

 

[JonesBones]

Another good sign for crypto:

• Litecoin founder Charlie Lee said in Reddit post he has sold his entire holding of the cryptocurrency.

Many on Reddit doubted Lee’s intentions for divesting. One user wrote that he had lost faith in Litecoin after Lee’s divestment, saying, “Typically in finance, a founder selling out his stake is a very BAD indicator for his perception of future performance.”

https://www.theverge.com/2017/12/20/16801898/litecoin-founder-divest-conflict-interest

 

[xcvbn]

I've just spent the mortgage on bitcoins. And my pension, and my children's savings.

Have i made a mkstake?

Nope you're doing it right. Next step is to convince immediate family members to do the same

 

[Der Eisbär]

Another good sign for crypto:

• Litecoin founder Charlie Lee said in Reddit post he has sold his entire holding of the cryptocurrency.

Many on Reddit doubted Lee’s intentions for divesting. One user wrote that he had lost faith in Litecoin after Lee’s divestment, saying, “Typically in finance, a founder selling out his stake is a very BAD indicator for his perception of future performance.”

https://www.theverge.com/2017/12/20/16801898/litecoin-founder-divest-conflict-interest

You're like the Conor haters, you love to play both sides of any issue.

-Charlie Lee holds litecoin
"LMAO! WoW!!! This is such a conjob!! The creator of the coin has billions of it!! CON JOB!! SCAM!!"

-Charlie Lee sells all litecoin, saying he doesn't want there to be a conflict of interest
"LMAO! WoW!!! Crypto's are dead!! Litecoin is dead!!!"

 

[xcvbn]

Another good sign for crypto:

• Litecoin founder Charlie Lee said in Reddit post he has sold his entire holding of the cryptocurrency.

Many on Reddit doubted Lee’s intentions for divesting. One user wrote that he had lost faith in Litecoin after Lee’s divestment, saying, “Typically in finance, a founder selling out his stake is a very BAD indicator for his perception of future performance.”

https://www.theverge.com/2017/12/20/16801898/litecoin-founder-divest-conflict-interest

Is this supposed to mean all of crypto is doomed? LTC has always been fool's gold. Good riddance to him.

You really don't have much of a grasp on crypto or blockchain technology. Your fascination with it must have started very recently.

 

[fatmatic]

Is this supposed to mean all of crypto is doomed? LTC has always been fool's gold. Good riddance to him.

You really don't have much of a grasp on crypto or blockchain technology. Your fascination with it must have started very recently.

Why do you think LTC is fools gold? Serious question

 

[xcvbn]

You know what's funny to think about? All the people who used whole bitcoins back in the early days to buy drugs on the silkroad. I have no idea what the prices of things were, but I have to imagine there are people that pissed away millions and millions of dollars worth of bitcoins on bags of shitty weed.

1 BTC was completely worthless at one point but it's stupid for anyone to have regret. Nothing is a sure thing so even the people who were literally given hundreds or thousands of bitcoins for free shouldn't sulk. I'm sure some of them turned nothing into a couple hundred and were content.

 

[Der Eisbär]

Is this supposed to mean all of crypto is doomed? LTC has always been fool's gold. Good riddance to him.

You really don't have much of a grasp on crypto or blockchain technology. Your fascination with it must have started very recently.

This is silly. There's no reason to call it fools gold. It has better tech than bitcoin. It's faster with lower fees and it's on all of the major exchanges.

 

[xcvbn]

Why do you think LTC is fools gold? Serious question

It was created on early technology and understanding of crypto and was only made to do one thing better than Bitcoin: faster transaction times. It was never meant to surpass bitcoin but merely to be the "silver" to bitcoin's "gold."

Although many will argue that around the time of its release it was really just meant as a quick money making scheme- a scam coin or a pump n dump.

Much like the vast majority of coins, LTC is pointless and irrelevant for what it can do or seeks to accomplish. It has always lacked ambition to be more than second fiddle to bitcoin.

 

[xcvbn]

This is silly. There's no reason to call it fools gold. It has better tech than bitcoin. It's faster with lower fees and it's on all of the major exchanges.

Better tech? It's a clone with faster transaction speed. It has never had a direction other than to follow bitcoin's lead. It's truly a mediocre platform. Always has been.

Maybe some devs will pick it up and seek to fork some innovation into it, but good luck getting the Chinese on board with that.

 

[mbinder]

1 BTC was completely worthless at one point but it's stupid for anyone to have regret. Nothing is a sure thing so even the people who were literally given hundreds or thousands of bitcoins for free shouldn't sulk. I'm sure some of them turned nothing into a couple hundred and were content.

Yep. I'm not knocking the people that spent a bunch of them. It's just wild to think about.

I remember having a discussion with a friend when bitcoins were about 10 cents a pop. We considered each throwing in $1,000 to either buy a bunch or build a mining rig. That initial investment would be worth at least 300 million or so today, but both of us would have jumped off the ride at any number of points a LONG time ago.

No big deal.

 

[xcvbn]

Yep. I'm not knocking the people that spent a bunch of them. It's just wild to think about.

I remember having a discussion with a friend when bitcoins were about 10 cents a pop. We considered each throwing in $1,000 to either buy a bunch or build a mining rig. That initial investment would be worth at least 300 million or so today, but both of us would have jumped off the ride at any number of points a LONG time ago.

No big deal.

Yeah exactly. As soon as the vast majority of people doubled their money they're out. Anyone crazy enough to have held bitcoin from an initial price under $10/BTC until it reached even $1000(let alone today's prices) was either the smartest person or the most patient.

 

[Orgasmo]

Yeah exactly. As soon as the vast majority of people doubled their money they're out. Anyone crazy enough to have held bitcoin from an initial price under $10/BTC until it reached even $1000(let alone today's prices) was either the smartest person or the most patient.

If a person could time the peaks and bottoms of a commodity, he'd be richer than Bill Gates and Warren Buffet combined in 20 years even if he started from scratch. When you throw money investing into these new ideas, 90% of the time it's lost. That's why any high risk investment you purchased should be considered a loss already in your mind.

 

[hbdope]

people buy one Bitcoin and now all of a sudden know everything lol. Priceless. It's like people who call themselves day traders with an account <$25k

 

[hbdope]

Yeah exactly. As soon as the vast majority of people doubled their money they're out. Anyone crazy enough to have held bitcoin from an initial price under $10/BTC until it reached even $1000(let alone today's prices) was either the smartest person or the most patient.

That's the paradox. Most investing rewards patience. But for a lot of people crypto was the first investment so they had 0 fundamentals

 

[xcvbn]

people buy one Bitcoin and now all of a sudden know everything lol. Priceless. It's like people who call themselves day traders with an account <$25k

In all honesty these people are buying tiny fractions of whole bitcoins. Although this thread shows some people(@JonesBones) who certainly have never even bought a fraction of a bitcoin let alone know fuck-all about crypto in general, yet he's an expert on the subject.

 

[SwamiLeoni]

Crypto in a lot of ways is the new Farmville.

 

[SwamiLeoni]

In all honesty these people are buying tiny fractions of whole bitcoins. Although this thread shows some people(@JonesBones) who certainly have never even bought a fraction of a bitcoin let alone know fuck-all about crypto in general, yet he's an expert on the subject.

There are people who accept the technology and those that don't want to understand it. Either way, it's here and its here to stay. Some amazing things will come out of this stuff.