BIT COIN (S)

[Kev The Rat]

Not ignoring it all Kev.



The age-old conflagration of 'bankers' and 'economists' here.

Here's a thought Kev. What makes you think these evil bankers - who can usually spot market trends a lot further in advance than the rest of us and probably have a lot more disposable income - haven't actually bought in at the 2011 and 2013 dips and are now fuelling the speculative rally?

I think you’re looking too much into it personally. There is no coordinated banker attack on btc.

They can’t control it and will never control it and from that stems frustration and fear

 

[orly]

I think you’re looking too much into it personally.

You see for me, this is one of the great worries in the current fad of people buying bitcoin; I don't think people are looking into it nearly enough before handing over significant sums of money (I'm talking about the last three-six months).

If I buy a sandwich, I know without having to really bother to consider it:

• whether I can afford it
• what I will get as a product
• its net benefit to me (I'll be fed)
• that if I open it and it is rotten, I can take it back and have it exchanged / refunded

Anything you buy with something tangible at the end broadly follows these principles. And I understand them, because they are simple, everyday and I've repeated them many times over.

There are people now - and not you Kev - buying an unregulated product who do not have any clue what they are buying. And not for a couple of quid either, big big sums. I find that amazing.

Again, if you've got in early 2011 at 1:1$ parity as either a speculation or a novelty, well done indeed.

 

[Bruce Wayne]

Sad fact, but sawdust options apart, GOT advice is worth what you paid for it

I did think it had probably peaked...but what do i know. Heads or tails works just the same.

If you can explain why it's growing and the fundamentals behind it's apparent value then knock yourself out.

 

[Bruce Wayne]

You see for me, this is one of the great worries in the current fad of people buying bitcoin; I don't think people are looking into it nearly enough before handing over significant sums of money (I'm talking about the last three-six months).

If I buy a sandwich, I know without having to really bother to consider it:

• whether I can afford it
• what I will get as a product
• its net benefit to me (I'll be fed)
• that if I open it and it is rotten, I can take it back and have it exchanged / refunded

Anything you buy with something tangible at the end broadly follows these principles. And I understand them, because they are simple, everyday and I've repeated them many times over.

There are people now - and not you Kev - buying an unregulated product who do not have any clue what they are buying. And not for a couple of quid either, big big sums. I find that amazing.

Again, if you've got in early 2011 at 1:1$ parity as either a speculation or a novelty, well done indeed.

I'm sure there are some that win big at roulette but it's no more skill based (or wise)

 

[madkiwi]

I bought $42 worth 4 years ago. Just sold $10 worth then for $1234 now. Figure I can't lose even if it crashes. No way I'm buying now though. Not a chance.

 

[degsy]

If you can explain why it's growing and the fundamentals behind it's apparent value then knock yourself out.

Tulips mate, South Sea, you can fool some of the people etc...WHU supporters singing we're for ever blowing bubbles, that's all i got *shrugs

 

[Kev The Rat]

Personally I think this is the adoption curve and I’m hodling

 

[Bruce Wayne]

Personally I think this is the adoption curve and I’m hodling

Why has it risen in value mate?

 

[Kev The Rat]

Why has it risen in value mate?

At a base level - demand - 100k new users added to coinbase weekly

 

[Bruce Wayne]

At a base level - demand - 100k new users added to coinbase weekly

So it's a pyramid scheme then? Value is only rising because more people come into the ponzi?

 

[Kev The Rat]

So it's a pyramid scheme then? Value is only rising because more people come into the ponzi?

Momentum is with it. I agree there is a chance it could collapse. But The true miracle of bitcoin was when it went from 1 dollar to 100. With that in mind 13k to 25k isn’t a miracle any more.

The upwards movements in thousands by the week may be a lot quicker now.

 

[orly]

Momentum is with it. I agree there is a chance it could collapse. But The true miracle of bitcoin was when it went from 1 dollar to 100. With that in mind 13k to 25k isn’t a miracle any more.

The upwards movements in thousands by the week may be a lot quicker now.

no no no no no no no no

 

[Kev The Rat]

no no no no no no no no

I don’t agree with you but we shall see.

 

[orly]

I don’t agree with you but we shall see.

It's an awful source but here is just the wiki


Fair play indeed if you've got the nuts to hold your entire position here.

As I wrote here

Mein Frandel if you think a forecast growth from 4600$ today to 10807$ in January 2018 (from 508.7$ in January 2016) is safe, secure, sustainable and legitimate, go right ahead.

So it is currently massively outperforming that January 2018 highpoint projection. By something crazy like 20%.

As I've said throughout, if you're brave enough, it's been boss for you and well done indeed. But for the crowd who are piling in now (100,00 a week you say) that is a mad'ting.

 

[Kev The Rat]

It's an awful source but here is just the wiki

View attachment 42667
Fair play indeed if you've got the nuts to hold your entire position here.

not selling - no chance. and I've got mid 6 figures in this game. this can change my life like nothing else. If it hits 20k (it will), then ill probably sell some to pay off the mortgage.