It's a zero sum game if the value of *given coin* at the start and end of the reference period is the same. In that case all that's happened is a transfer of wealth, one way or another. Noting all the transaction fees I'd call it more of a negative sum game for market participants...still a while to go before the bubbles properly popped and were back to the prices seen at the start of the reference frame though.
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02-01-2018, 09:40 PM #61
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02-01-2018, 09:42 PM #62
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02-01-2018, 09:48 PM #63
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Most of me says it'll go back up, but part of me thinks it'll continue to drop and never recover
There's a fundamental shift happening right now where pretty much everyone acknowledges that Blockchain will revolutionize a range of stuff, but many of those same people think Bitcoin is already antiquated. There's a lot of uncertainty around cryptocurrency as a whole and what it'll look like in the next five or six years. It's definitely a different environment compared to what existed during the previous spikes and dips.
I'd still bet on it going back up
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02-01-2018, 09:51 PM #64
Long term investing on the Misc is somewhere between 1-2 weeks. Everyone running with their heads cut off - most people here don't have the guts to hold during a decline of any sorts. I wouldn't stomach holding Crypto either since their is nothing backing the investment, that is why I never put money into it. I can stomach being down 20%-40% on a stock I believe in because it is a real business .
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02-01-2018, 09:58 PM #65
I think it will not recover in the short term. If it hits like 2k-3k this year it will take YEARS before its value goes back up to 5k-10k. And it very possibly could fall even lower than that.
Because:
- Most of the people bought crypto are younger crowds. People with less disposable income. Which means they dont have the money to recover and buy more Bitcoin
- Since almost all of its value is a result of speculation, the loss of trust in the coin itself could make people never invest in it again. Since as said before, most of the buyers were young and in it for the short term.
It will take years years and years for bitcoin to regain any of its lost value. And anytime in those years, it will continue to be manipulated.IW3725-04, Black 116520, White 26320
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02-01-2018, 10:08 PM #66
Intelligence ^ especially regarding the trust part. The trust is broken. It's a fading industry, it's not coming back up at least for a long long while.
Truth is, most people just love the idea of getting rich quick. They aren't educated on investing, and think it's mostly getting rich quick by gamble-style speculation calls. It's not, again, history has shown this time and time again. Playing it smart is the trick.
The rest is FOMO, people were afraid of missing out and didn't listen to what education should tell you about speculating.
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02-01-2018, 10:15 PM #67
Always LOL at people constantly waiting for BTC to fall so they can say "I told you so!" Good thing I didn't listen you guys back in May when I threw in $10k. Already cashed out a substantial amount and even if BTC goes back down to $1k I would still have made a higher return than most of you. Stay mad boyos
Last edited by Vbrah; 02-01-2018 at 10:30 PM.
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02-01-2018, 10:19 PM #68
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Blockchain technology is the future. Doesn't mean that Bitcoin exists in the future. Seems what people fail to grasp. Blockchain will be used for way more then currency in the future.
Hate to say it but I'm down on what I invested in Bitcoin. It was money I could lose so I'm not super worried about it. I'm going to keep what I got (maybe buy a bit more if it goes below $5k) just to hedge a bet on the future.
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02-01-2018, 10:20 PM #69
yea im totally positive you just perfectly called the top. there's no post anywhere when btc was at 10k or anything like that and even if you put your money in you would have doubled your money within a few months.
in any case, take a look at this https://twitter.com/waltonchain?lang=en
this just gonna disappear? all the headway they're making?
"Waltonchain affiliate Xiamen Citylink Technology signed a partnership with Zhangzhou Branch of China Telecom Corporation Limited"
"We are proud to announce that Waltonchain won the Outstanding Blockchain Company award at the 1st Summit Forum of Blockchain in Southeast Asia and has truly become the blockchain leader in the region"
"Waltonchain is pleased to announce that we will be working with China Mobile IoT Alliance on a global initiative to incorporate Waltonchain IoT in 2018"
all that work just gonna disappear? all those companies setting plans in motion just going to give up that easily and early? im totally positive it will just evaporate
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02-01-2018, 10:22 PM #70
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02-01-2018, 10:27 PM #71
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02-01-2018, 10:28 PM #72
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Belief without evidence is a fools game.
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02-01-2018, 10:29 PM #73
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02-01-2018, 10:30 PM #74
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02-01-2018, 10:30 PM #75
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Belief without evidence is a fools game.
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02-01-2018, 10:30 PM #76
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02-01-2018, 10:32 PM #77
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Belief without evidence is a fools game.
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02-01-2018, 10:34 PM #78
the space is not just btc.
i know what vbrah did.
he put money into omg. omg was shilled at 40 cents on the misc and then ran up to 14 dollars (it eventually got to 30 way, way down the line)
he rode that and then wtc was also a 10x'er
and another 10x'er in icx
and add in a bunch of other chit with that in which there may be even greater returns
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02-01-2018, 10:34 PM #79
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02-01-2018, 10:36 PM #80
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02-01-2018, 10:36 PM #81
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02-01-2018, 10:37 PM #82
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There is no way in 1 million years you could ever convince me you made 1 million dollars. Share screen with me and make me a believer.
This is a really dangerous way to view crypto. It is all manipulated, so buy your scratch off ticket and see if it pays off.Belief without evidence is a fools game.
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02-01-2018, 10:40 PM #83
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Exactly @ the first points. Blockchain is going to have a major impact. Cryptocurrency will be around, but what it’ll look like is anyone’s guess.
I don’t even have real money in crypto, I threw $10 in ETH way back then and signed up on a couple exchanges just for the experience. I closely follow blockchain and cryptocurrency purely out of interest in the technology
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02-01-2018, 10:44 PM #84
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02-01-2018, 10:51 PM #85
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02-01-2018, 10:53 PM #86
There's 2 way you can make a million dollars now but its not from Bitcoin or altcoins. Its either you invest in an ICO and it blows up or you make your own coin and get people to give you their precious ETH and BTC. And yes I know people who have turned their 10k into high six figures in less than a year. The people with the real money are the ones that made the coins, not the traders or investors.
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02-01-2018, 10:54 PM #87
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02-01-2018, 10:56 PM #88
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02-01-2018, 11:00 PM #89
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Belief without evidence is a fools game.
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02-01-2018, 11:12 PM #90
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