Bitcoin currency of the future?

[Luminaire]

well, that depends completely on what time frame youre looking at. which will be completely arbitrary.

His own admission as of a couple weeks ago. I didn't make that up. And considering the market has only collapsed further I felt safe in saying "more" than 70%.

DerFraudsbar entered the market in December... he's in denial about the state of his investments.

 

[CerebralKnievel]

His own admission as of a couple weeks ago. I didn't make that up. And considering the market has only collapsed further I felt safe in saying "more" than 70%.

DerFraudsbar entered the market in December... he's in denial about the state of his investments.

I dont know what he holds today, but in early December the major coins were still below what they are today. He could be rich. Rich beyond your wildest dreams.

 

[xcvbn]

I think there's a little more room to drop before prices stabilize. Also, Tether probably is a scam but people are way overstating its significance on crypto market cap. It's merely a psuedo-fiat store of value to hedge against price drops. Plenty of exchanges have real fiat currencies you can do that with rendering USDT nearly useless.

I'm wondering if the real reason Tether was created has a lot more to do with Binance and a way for them to add a consistent and stable margin to their pockets.

Anyhow, there's good news regarding crypto in the eyes of the SEC. Senate hearing tomorrow regarding ICOs and the emergence this new technology. Regulation is a great thing to further add legitimacy to crypto.

 

[Terry Noonan]

6,500 lol

 

[ToxicShocker]

6333 but it's worth over $100,000!

 

[Luminaire]

I dont know what he holds today, but in early December the major coins were still below what they are today. He could be rich. Rich beyond your wildest dreams.

He said his portfolio is down 70%... so safe to say, not rich by any means.

 

[Davem10]

Burn baby burnnnnnn

 

[CerebralKnievel]

He said his portfolio is down 70%... so safe to say, not rich by any means.

Maybe it's a double inverse mindfuck.

 

[SwamiLeoni]

I’m down nearly 60% or maybe even a little bit more. I’d be lying if I said it didn’t suck, but it’s all house money. I feel bad for those that invested in December and decided to ride the Bull as hard as they could. That FOMO really got to people. Luckily mine was middle of last year.

It’s really hard to judge where this is going to go. We do have short memories. This whole thing could be forgotten in a year or two and another bull market will enter and the same thing will happen. New exchanges are allowing USD to Crypto trades so that BTC isn’t as tethered to the alt coins. I imagine more will follow. Legal exchanges are opening up to solve the liquidity issue in crypto. Coinbase rivals are starting to step out of the shadows. It’s going to be an interesting year in 2018 to see how this goes.

 

[Fraz]

This thread is hilarious. Need to keep my eye on this.

 

[BJ@LW&WW]

His own admission as of a couple weeks ago. I didn't make that up. And considering the market has only collapsed further I felt safe in saying "more" than 70%.

DerFraudsbar entered the market in December... he's in denial about the state of his investments.

okay. well my post was in response to you saying cryptos are down 70%.that's not a statement in reference to a particular person. tbh i try to ignore all the bickering going on in this thread because its pretty god damn useless from a bunch of people who dont understand even the most basic economics from both sides, so i dont know anything about frausbars investments.

 

[Orgasmo]

 

[Orgasmo]

I dont know what he holds today, but in early December the major coins were still below what they are today. He could be rich. Rich beyond your wildest dreams.

No they weren't. At $6300, Bitcoin is pushing late October price range. I guarantee you that stubborn shill lost most his $500 dollar life savings. He started full shill mode back in early December, which is a dead giveaway that he's a late comer due to FOMO.

https://coinranking.com/coin/bitcoin-btc

There has been warning for months that cryptocurrency coins are in a valuation bubble. It's certain not what Der Fraudsbar claimed that nobody saw it coming. If you took out loans to get in on the action, you reap what you sow. I don't feel sorry for anybody losing their lifesavings because they refused to heed the warnings.

 

[HIMBOB]

You know vastly more money has been destroyed with the recent equity and bond markets ahhh correction in the last 2 days.

And they are the safer options.

 

[CastielJh]

Party poker take it?

yes but I play on Bob Casino

 

[Pugilistic]

There has been warning for months that cryptocurrency coins are in a valuation bubble. It's certain not what Der Fraudsbar claimed that nobody saw it coming. If you took out loans to get in on the action, you reap what you sow. I don't feel sorry for anybody losing their lifesavings because they refused to heed the warnings.

There was a guy on the news here (Korea) who took out bunch of money from the bank to buy bitcoin and then killed himself when it crashed.

 

[DrVanNostrand]

<Oku02>

 

[Rjay]

I don't think you understand what brainwashing is dipshit. You don't understand the block chain or it's potential, that's fine. But holy fuck what a dumbass you have to be to equate scientology to being excited about a new technology.

Thats kinda like being back during the dotcom bubble and says pets.com stock is a great buy because this internet thing is really gonna take off. A platform utilizing a technology and that platform being able to utilize that technology to make money in the face of similar competitors are 2 completely different things, this should be common sense.

 

[Nik123]

Irrational fear follows irrational exuberance. Is normal..

 

[weich]

You know vastly more money has been destroyed with the recent equity and bond markets ahhh correction in the last 2 days.

And they are the safer options.

I think that is a bad way of looking at things. The DOW is down something like 5% from it's high. Bitcoin has dropped roughly 60% from it's high . It has less money to lose overall because it doesn't have the same market cap as all of the stocks in the DOW.