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Do you think cryptocurrencies are the future?

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the rules are :
1. Invest what you can lose
and that is it...

Remember when we had to go to the mall or shopping center to get stuff? now we buy direct by apps / online. Remember yellow cabs (or whatever color taxi's are in your part of the world), now we get UBER. These "Distruptive" technologies are full of suprises cause there is the old and the new, but we find ballance in the end. Jodie foster was asked what she was going to ask the aliens she said ""How did you do it" (Contact 1997).

What she meant is how did the aliens survive the adolescence of technology, how we are now in a tech puberty, we got weapons to destroy ourselves and tech to enrich ourselves. Crypto is the equivalent of the EURO currency in europe, but on a global scale, a Singular currency which is safe from tampering (remember they hacked the market place, never the currency).

Visa might be a good concept, but here is a goood alternative, and we just have to wait for this alternative become regulated (it will, not just a dream). ANYTHING is worth something if there are people wishing to acquire them, money is just a good media to exchange (remember we use to BARTER before we use money). You want Crypto to be valuable? make it so that people want to buy it (Applicable for anything actually). Have fun!
 

quirky

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I have some savings that I prepared for investments in cryptocurrencies or I was thinking of doing the interest rate scheme and deposit my money which seems more secure to me. So, I did a lot of research, watched a few videos, went through articles and stuff, and I think I got a pretty good idea of all the things that should be taken into account before investing in Bitcoin. Currently, I can invest 2k and I was thinking investing half of them just in case something goes wrong... I don't want to blow them all at once. Do you think that it's a good idea or I should save a bit more and then do the investment? :confused:

Then you should not invest in anything, let alone crypto.
I mean, I have savings but I just want to be extra careful before doing something. I worked very hard to save them, and this will be my first try, so I think it is okay to have some doubts! I don't think that just because I want to be careful about my investment and do as much research as possible I shouldn't invest at all.
 
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Just keep in mind no matter how you try to justify it, this is a high risk investment category. There can be no guarantees.
 

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i havnt a clue what part crypto will play in the future.. i just know the price of bitcoin is now at $9555 and steadily moving higher.. i dont think i have seen such steady upwards climb over a full 24 hour period.. there is bound to be bit of a profit taking sell off at some point.. i am gonna guess $10,000.. then it will dip a little.. maybe back down to $9500.. and then back up again..

i am trying to predict the unpredictable but i aint doing a bad job so far.. he he

trog
Suspicious trades caused it to rise from $6500 to $8800 (35%). When they bail, it will likely fall by 35% to $6210.75 (based on $9550 price).
 
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Suspicious trades caused it to rise from $6500 to $8800 (35%). When they bail, it will likely fall by 35% to $6210.75 (based on $9550 price).
its all unpredictable.. but its the trend that matters.. traders play trading games.. sell at what they predict (program in) as a high and buy on the dips.. when they think the current trend is up they buy on the dip.. when they think its down they hold back.. but big money can manipulate the scene.. i still think that big money wants it to go higher.. which suits me cos so do i.. :)

trog
 
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The controlling body is the people that wrote the software. Right now, that's Wladimir J. van der Laan for Bitcoin. Also nothing to stop forks like Bitcoin Cash. Remember Kazaa (example of a peer-to-peer network)? Bitcoin is fundamentally the same. Who uses Kazaa anymore?
That's a base misunderstanding of how these networks work. Being a distributed network, the software writer no longer controls the network at all, once it is released. Sure, they can fork, but the ultimate determination of what is used is determined by those that mine, and those that buy and sell. If Bitcoin forks, and nobody adopts the forked code, then that fork dies.
 
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I have some savings that I prepared for investments in cryptocurrencies or I was thinking of doing the interest rate scheme and deposit my money which seems more secure to me. So, I did a lot of research, watched a few videos, went through articles and stuff, and I think I got a pretty good idea of all the things that should be taken into account before investing in Bitcoin. Currently, I can invest 2k and I was thinking investing half of them just in case something goes wrong... I don't want to blow them all at once. Do you think that it's a good idea or I should save a bit more and then do the investment? :confused:


I mean, I have savings but I just want to be extra careful before doing something. I worked very hard to save them, and this will be my first try, so I think it is okay to have some doubts! I don't think that just because I want to be careful about my investment and do as much research as possible I shouldn't invest at all.
Honestly, I understand you having doubts. But with crypto, the best way to put it, you need to have faith. Crypto can have very large swings. If you act on your doubts then you are likely to lose a large portion of what you invest. You need to be able to ignore your doubts. Seeing as how it took you a long time to save this money, I don't see you being able to ignore your doubts.

I still suggest to not invest in crypto.
 
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I have some savings that I prepared for investments in cryptocurrencies or I was thinking of doing the interest rate scheme and deposit my money which seems more secure to me. So, I did a lot of research, watched a few videos, went through articles and stuff, and I think I got a pretty good idea of all the things that should be taken into account before investing in Bitcoin. Currently, I can invest 2k and I was thinking investing half of them just in case something goes wrong... I don't want to blow them all at once. Do you think that it's a good idea or I should save a bit more and then do the investment? :confused:


I mean, I have savings but I just want to be extra careful before doing something. I worked very hard to save them, and this will be my first try, so I think it is okay to have some doubts! I don't think that just because I want to be careful about my investment and do as much research as possible I shouldn't invest at all.

as long as you can watch it possibly go to zero and be ok with that, have at it.

i suggest dollar cost averaging in, ie buy $200 one day, $200 a few days later, and so on. this will average out your cost as btc is very volitile (to say the least) and trying to time it for the lowest entry price is a mugs game.

maybe only spend half your savings on it, keep the rest as a reserve until you see where its going.

heres a suggestion.. DONT watch the price every day, check it once a week, maybe every 2 weeks. better yet, once a month or so. it will save a lot of grief as the price wanders around. its up.. its down.. its waaaay down.. no its back up, now way up. its a fun ride actually.

be prepared for your investment to possibly lose value, possibly right at the start, but dont worry about it (you did kiss it goodbye right?). btc is a long term thing. it usually comes back but it can be a long drawn out decline before coming back up

one thing you havent mentioned.. what wallet are you going to use? the bitcoin core wallet is the standard and allows passphrase protection, and you control the private keys, not some third party.. i highly suggest not leaving it on an exchange, many exchanges have been hacked and gone under, taking your coins with them.

if you use the core wallet, make sure to back up the wallet.dat file, that is the file with the private keys.

if you need help give a holler. but be aware that the wallet.dat file should never be sent to anyone, and ideally you want several backups, at least one off site.

i use a trezor hardware wallet its about $150 or so its the safest way to keep you btc. up to you if you think its worth the price to keep a grand or two safer.

BTW ive been in btc since 2011, best investment ever.. but of course that doesnt mean anything as far as future performance.
 
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ppn

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Yeah, all crypto does is serve as a placeholder for your money and create a perceived value of the common wealth represented in graphs. The more people invest the more it goes up, but there is this thing called profit taking, and once people take out of the system if falls back to lower value, but not as much, so it can never really grow unless 100 times more people invest than those who withdrawal. but then again their money is no longer there, 99% of it has been taken as profit. All you can see is some pretty graphs go up and down, but your hair only goes white, never the reverse.
 
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i havnt a clue what part crypto will play in the future.. i just know the price of bitcoin is now at $9555 and steadily moving higher.. i dont think i have seen such steady upwards climb over a full 24 hour period.. there is bound to be bit of a profit taking sell off at some point.. i am gonna guess $10,000.. then it will dip a little.. maybe back down to $9500.. and then back up again..

i am trying to predict the unpredictable but i aint doing a bad job so far.. he he

trog
Lol you don't predict anything you just look at a chart and pray for the best outcome. Not a day goes by without you adjusting what you're 'predicting' in one way or the other. You're applying short term investment logic to a long term investment. Its painful to read. But I get it, since you splashed 11k into a bottomless pit basically you don't have any other options right now.

To me you are a perfect example of why this is one of the worst investments right now that one can possibly make. Its probably bad for your health, too.
 
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Lol you don't predict anything you just look at a chart and pray for the best outcome. Not a day goes by without you adjusting what you're 'predicting' in one way or the other. You're applying short term investment logic to a long term investment. Its painful to read. But I get it, since you splashed 11k into a bottomless pit basically you don't have any other options right now.

To me you are a perfect example of why this is one of the worst investments right now that one can possibly make. Its probably bad for your health, too.
he he.. the negatives are out in force today.. all talking the usual nonsense..

ether way i was wrong.. the high didnt go as high as i expected and low went lower... :)

in crypto terms i am now about a £1000 quid poorer than i was yesterday.. i am in this long term by the way.. and i "predict" long tern the only way is up.. he he..

my 10 x 1070 mining cards are now showing about $15 dollars per day.. not a lot.. but better than the $9 dollars they were showing a couple of weeks back..

trog
 
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he he.. the negatives are out in force today.. all talking the usual nonsense..

ether way i was wrong.. the high didnt go as high as i expected and low went lower... :)
Its quite fun to read too... First, you say 'the usual nonsense' and only one sentence later you're adjusting your earlier predictions, confirming exactly what I've said
 

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So one of those manipulative spikes cashed out? ;)

Cryptocurrency is a toy for billionaires.
 
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Its quite fun to read too... First, you say 'the usual nonsense' and only one sentence later you're adjusting your earlier predictions, confirming exactly what I've said
If any investment vehicle were easy to predict, everyone would be rich. That doesn’t happen, because it can’t.
 
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So one of those manipulative spikes cashed out? ;)

Cryptocurrency is a toy for billionaires.
maybe.. but the significant fact and recon by now even you will know its a fact and not simply alleged is that the down trend we have been seeing over the last couple or so months has turned..

we are up from $6500 to $8888 as i write.. a positive up trend is now the norm.. i did say $10,000 within a month and i am gonna stick with that..

trog

ps.. a possible or more likely probable explanation for yesterdays sudden fall back in the bitcoin price.. and my "prediction" error.. he he

https://altcointoday.com/more-than-140-million-in-bitcoin-moved-from-mt-gox-wallets/
 
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I Invested in crypto and have now $8200.trading in crypto needs to be clever , well informed , Checking every news, even best trader can't predict upward price.trading in crypto is extremely dangerous for beginner.
 
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So one of those manipulative spikes cashed out? ;)

Cryptocurrency is a toy for billionaires.
You're just pessimistic. It isn't a toy for billionaires, It's a toy for clever people. I cashed out what I had the other day at $9500. Made a cool 600 bucks for nothing but watching and waiting. Could have waited to see if it went up further, but I knew if it got anywhere near 10k there'd be a huge sell-off, so I sacrificed a little profit potential in order to take what I had and run. Beat them to the punch. Luckily, I called it right this time. Hasn't always happened that way, but I've never lost more than I've won. And at this point, I've cashed out well over 10x what I originally invested, so there is no risk whatsoever. I reinvest some profits into mining hardware to hedge against crypto falling, and so I'm still making money for literally sitting here.

Call it a toy for billionaires all you want, but money is money, whether it's 10 bucks or a billion. I can agree with you about disparaging people who rolled their 401k's into crypto, and who knows about the long term... but to write crypto off completely as you have is just as dumb.
 

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How did Bill Gates and Warren Buffett make their billions? Playing markets. Your account may be missing a lot of zeros compared to them but you're still playing in their playground.
 
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How did Bill Gates and Warren Buffett make their billions? Playing markets. Your account may be missing a lot of zeros compared to them but you're still playing in their playground.
So your solution is to never go to the playground rather than go to play with their super nice toys, even if if you get to play with them less?

I mean, that's fine with me, I couldn't care less what you do. I just find it funny that you sure spend a lot of time peeking over the fence and grumbling about the playground when the gate's open.

I just bought a house, and crypto profits paid for a lot of the expenses involved. (not the house itself, I'm not THAT kind of investor, unfortunately... but inspection fees, closing costs, etc.) So you continue peeking your nose into our playground while refusing to come in. I'll continue to laugh at you from the merry-go-round.
 
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So your solution is to never go to the playground rather than go to play with their super nice toys, even if if you get to play with them less?
You can go, sure, but it will likely amount to nothing most of the time.

It's a toy for clever people.
I'm curios , what is it that makes this a toy for clever people ?
 
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You can go, sure, but it will likely amount to nothing most of the time.



I'm curios , what is it that makes this a toy for clever people ?
If it amounts to nothing for you then your not doing it right , simples.

And the same applies to your second point though i think its for anyone personally not just the clever,,but if your not clever with your money you Will loose it, but that applies to life as a whole.
 

FordGT90Concept

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So your solution is to never go to the playground rather than go to play with their super nice toys, even if if you get to play with them less?

I mean, that's fine with me, I couldn't care less what you do. I just find it funny that you sure spend a lot of time peeking over the fence and grumbling about the playground when the gate's open.

I just bought a house, and crypto profits paid for a lot of the expenses involved. (not the house itself, I'm not THAT kind of investor, unfortunately... but inspection fees, closing costs, etc.) So you continue peeking your nose into our playground while refusing to come in. I'll continue to laugh at you from the merry-go-round.
I don't have a problem when the playground has overseers that make sure everyone plays fair. Cryptocurrencies are an unregulated market: enforcement is reactionary rather than proactive. Additionally, markets like NYSE are the size of theme parks rather than playgrounds: you can spend days at a theme park and never encounter someone specific that you know is there; playground, not so much.

To put it into context: Jeff Bezos, by himself (net worth over $100 billion), could buyout two-thirds of BTC ($160 billion market cap). For all the noise it makes, it really is a small thing and there's numerous factors at play that will prevent it from ever becoming big.


Back to the OP: "Do you think cryptocurrencies are the future?" No, I do not. Peer to peer is terribly inefficient.
 
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I don't have a problem when the playground has overseers that make sure everyone plays fair. Cryptocurrencies are an unregulated market: enforcement is reactionary rather than proactive. Additionally, markets like NYSE are the size of theme parks rather than playgrounds: you can spend days at a theme park and never encounter someone specific that you know is there; playground, not so much.

To put it into context: Jeff Bezos, by himself (net worth over $100 billion), could buyout two-thirds of BTC ($160 billion market cap).
he could also buy most of africa and possibly all of russia, ie the guys rich and could buy a lot so as context goes i think that point moot personally since there are a few that could buy at that level just like nvidia or intel Could just buy Amd ,,but dont.
I get and agree with your grrr towards the unregulated side of the crypto coin but thats part of being a fledgling market and will be corrected in time, wherein they become more legit and worth more.
so they'll live on, as is ,who knows but i doubt it but crypto is'nt going anywhere soon , you yourself, should by now be realising, that a few peoples scorn just is'nt enough to kill it.


Also fundamentally Crypto was born because All those regulators and regulations were put on fiats toes by the rich to make the rich richer.

what with shorting stock and what not they game real life shit that actually matters, note a company recently trying to shut AMD down to make a quick quid , so to me your ideology of regulation is miss-placed , its created legitimate scum.
 
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And the same applies to your second point though i think its for anyone personally not just the clever,,but if your not clever with your money you Will loose it, but that applies to life as a whole.
I just found that claim rather strange , as if there are things out there that can't be manipulated to the point of making the whole thing crashes into flames , which is what FordGT90Concept is trying to say.
 
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I just find that claim rather strange , as if there are things out there that can't be manipulated to the point of making the whole thing crash into flames , which is what FordGT90Concept is trying to say.
soo i did'nt say there was'nt or imply there was'nt or mention such things, most everything can and is manipulated , regardless of regulation though.
I agree crypto is being manipulated but so is fiat , the markets most economies and most elections now too and if your a tin hat kinda guy even the people.
So what, thats not killing off crypto either , though regulation might, I just cant see it personally.
and it was an opinion and a reasonably logically right one at that , if your not good with money and it flies easily from your hand , you are unlikely to gain from crypto investments.
 
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