bubble moment, person I know (dumb inherited wealth) was bragging at a party how he formed a LLC last week to invest in both Bitcoin mining and Marijuana stocks.... "researched" it and felt a lot of value in both left. Oh boy, run for the hills
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bubble moment, person I know (dumb inherited wealth) was bragging at a party how he formed a LLC last week to invest in both Bitcoin mining and Marijuana stocks.... "researched" it and felt a lot of value in both left. Oh boy, run for the hills
Gonna lol when btc hits 25k mid feb
This might be the worst time in the history of BTC for the moron with 10k to invest. For the moron with 10k the odds of BTC going where he is comfortable taking profits vs when he is left holding the bag look bleak. The moron with 10k thinks he's 5k richer when his investment is worth 15k and his first instinct is to get another 20k worth of BTC at a worse price than he initially started with.Quote:
Originally Posted by DonaldTrumpsHairPiece
In terms of knowing when the best time is to buy/sell sure but a moron with $10k can buy BTC and hold and should see $$$$ profits by simply buying. They do not need to day trade...all good things come to ends but still a far way off for BTC.Quote:
Originally Posted by gimmick
There are points in every boom that protect the moron where it feels natural to take profits and buy something nice while he keeps playing with "house money", but i think those days might be gone.
So a 50% profit untaken by a moron makes it a bad investment?Quote:
Originally Posted by gimmickThis might be the worst time in the history of BTC for the moron with 10k to invest. For the moron with 10k the odds of BTC going where he is comfortable taking profits vs when he is left holding the bag look bleak. The moron with 10k thinks he's 5k richer when his investment is worth 15k and his first instinct is to get another 20k worth of BTC at a worse price than he initially started with.Quote:
Originally Posted by DonaldTrumpsHairPiece
There are points in every boom that protect the moron where it feels natural to take profits and buy something nice while he keeps playing with "house money", but i think those days might be gone.
Listen, deaf, blind, mute, moron, idiot, mom, dad, grandma etc can all lay their money down and as long as greed and stupidity do not win out they WILL make money that no other place can offer at this time.
BTC will rebound, let it ride or cash out, not the point. Stating people are too stupid to be trusted with profit taking is a moot point, it applies to everything in life. It does not however take away for an investments ability to deliver or if it delivers.
Who knows what is going to happen. I have seen so many professional stock traders get BTC wrong. Anything can happen. I just eased up my positions because the mush sonatine said it was going to $60,000. That is the 1st time he ever said anything like that. Still rooting for it to go to the moon.Quote:
Originally Posted by big dick
Xrp is going to blow up YUGE in 2018.
Quote:
Originally Posted by Charham
just wait until the gov regulations kick in.
one big cashout and this thread turns into a morgue.
This guy doesn't happen to live near Bethlehem, PA, by any chance? 'Cause some kid (by my grey-bearded standard) at a Sands poker table I was at the other night was excitedly yammering about the exact same two investment opportunitites of a life time...Quote:
Originally Posted by Charham
Come to think of it, it was only a 1/2 NL game, and he mentioned having only about 2 or 3 grand total invested in stocks in those stocks. And he didn't give off the "inherited wealth" vibe, so it's prolly not the same guy.
It's not that long from the housing bubble. You should remember how that played out. Plenty of money to be made and quite a few morons that got shafted in the end. I doubt there's a bailout for BTC. Only the greedy and stupid will jump head first in to a market they know nothing about.Quote:
Originally Posted by DonaldTrumpsHairPieceSo a 50% profit untaken by a moron makes it a bad investment?Quote:
Originally Posted by gimmick
Listen, deaf, blind, mute, moron, idiot, mom, dad, grandma etc can all lay their money down and as long as greed and stupidity do not win out they WILL make money that no other place can offer at this time.
BTC will rebound, let it ride or cash out, not the point. Stating people are too stupid to be trusted with profit taking is a moot point, it applies to everything in life. It does not however take away for an investments ability to deliver or if it delivers.
Literally no one should put all their money to BTC and putting some to other cryptos isn't the play either.
And when you say any moron with 10k can profit, it's just not true. It never is. Most morons shouldn't even invest in stocks. For morons it doesn't matter how profitable it could be, if they weren't morons. Only thing that matters is how profitable it is for them. Did they walk away with more than they put in.
Without morons where would we be? Morons make the financial world go round...Quote:
Originally Posted by gimmickIt's not that long from the housing bubble. You should remember how that played out. Plenty of money to be made and quite a few morons that got shafted in the end. I doubt there's a bailout for BTC. Only the greedy and stupid will jump head first in to a market they know nothing about.Quote:
Originally Posted by DonaldTrumpsHairPiece
Literally no one should put all their money to BTC and putting some to other cryptos isn't the play either.
And when you say any moron with 10k can profit, it's just not true. It never is. Most morons shouldn't even invest in stocks. For morons it doesn't matter how profitable it could be, if they weren't morons. Only thing that matters is how profitable it is for them. Did they walk away with more than they put in.
Who would run out and buy or buy their kid a $1k phone every year?
Who cares what label is located on their clothing?
Who thinks you need 3000 sq ft with a pool to raise 1.5 children?
Who thinks a pick up needs to be lifted or needs a new one every 4 years?
and on and on, you see I believe these people to be morons, without them we'd have no financial system.
I am not against the high life but I am against sending money you don't have to look like you live he high life. That would be the vast majority of the first world.
If we must add BTC to the list so be it.
Sure i agree. With BTC morons make it profitable for speculators. I just don't think it's profitable for morons. Fish made poker profitable for a lot of us. When i was at the tables i tried to give them their entertainment value and never tapped the glass. I just never encouraged them to gamble or keep buying in. I never had any illusion that it was something everyone could make money with.Quote:
Originally Posted by DonaldTrumpsHairPieceWithout morons where would we be? Morons make the financial world go round...Quote:
Originally Posted by gimmick
Who would run out and buy or buy their kid a $1k phone every year?
Who cares what label is located on their clothing?
Who thinks you need 3000 sq ft with a pool to raise 1.5 children?
Who thinks a pick up needs to be lifted or needs a new one every 4 years?
and on and on, you see I believe these people to be morons, without them we'd have no financial system.
I am not against the high life but I am against sending money you don't have to look like you live he high life. That would be the vast majority of the first world.
If we must add BTC to the list so be it.
In 2006 you could have made money on average by backing reputable players. In 2016 you need to know a lot more for it to be profitable. I just think with BTC we're a lot closer to 2016 than 2006.
I can agree, things can turn awful fast. I plan my exit ever day, no joke.Quote:
Originally Posted by gimmickSure i agree. With BTC morons make it profitable for speculators. I just don't think it's profitable for morons. Fish made poker profitable for a lot of us. When i was at the tables i tried to give them their entertainment value and never tapped the glass. I just never encouraged them to gamble or keep buying in. I never had any illusion that it was something everyone could make money with.Quote:
Originally Posted by DonaldTrumpsHairPiece
In 2006 you could have made money on average by backing reputable players. In 2016 you need to know a lot more for it to be profitable. I just think with BTC we're a lot closer to 2016 than 2006.
gimmick is right for once.
I said something similar on radio last night.
If you don't have a specific exit strategy, you will eventually go broke with BTC.
Exit strategy meaning "I will sell half my coin at 20k and not reinvest in crypto" or "If if drops to 10k, I'm selling 75%".
The problem is that most people never want to bail out. They either want to keep riding the uptick or feel they just need to ride out the downswing until a recovery comes.
It is a game of musical chairs and it is very difficult to tell when the music has officially stopped.Quote:
Originally Posted by Dan Druff
We probably agree on most things that matter. We disagree most on things neither have any impact to. Like politics, crime etc. Through the years you have appeared to be reliable, honest and loyal to your friends. I give infinitely more value to that than differing political views could detract.Quote:
Originally Posted by Dan Druff
here it comes bitches
XRP is 1.50. Fuck yall niggas
Can someone give me a rundown on XRP or point me in the direction of a tutorial? I know very little about it (and am still trying to learn about and grasp the rest of the crypto market as it is). Im just trying to figure out why this particular crypto is attractive vs the others. First and foremost, i dont understand how this crypto's price can really go anywhere given the market cap on it- (isnt it already nearly $60 Billion??) Im wondering what its price potential really is because i personally dont see this one going anywhere.
Quote:
Originally Posted by Gordman
In a nut shell what separates it is the following.
1.It is a real business not just a "coin"
2.It has a plan to replace swift or be used in similar situations in finance since transactions are much faster and much cheaper, very much.
3.It has many deals in place and projects with banks etc
4.It is not a mining coin, it is centralized which in this case is good to market to the banking industry, not some anti big brother thing.
Bottom line, it is a real deal business idea and has been in motion nearly a decade. One of the creators of Ripple (Jeb) was the guy who founded Mt Gox (before the shady) and the first to use bitcoins on a game site, some say he knows or is satoshi. Moot points in terms of xrp but a back story.
Should we see it listed on coinbase or another big company is announced as a partner..kaboom $5 $10 to da moon.
Quote:
Originally Posted by DonaldTrumpsHairPieceQuote:
Originally Posted by Gordman
In a nut shell what separates it is the following.
1.It is a real business not just a "coin"
2.It has a plan to replace swift or be used in similar situations in finance since transactions are much faster and much cheaper, very much.
3.It has many deals in place and projects with banks etc
4.It is not a mining coin, it is centralized which in this case is good to market to the banking industry, not some anti big brother thing.
Bottom line, it is a real deal business idea and has been in motion nearly a decade. One of the creators of Ripple (Jeb) was the guy who founded Mt Gox (before the shady) and the first to use bitcoins on a game site, some say he knows or is satoshi. Moot points in terms of xrp but a back story.
Should we see it listed on coinbase or another big company is announced as a partner..kaboom $5 $10 to da moon.
Thank you for your insight. I need to digest this and i will likely have more questions soon
No problem, I am siting on massive ups on XRP right now biting my nails. The next 1-2 weeks is huge. If no coinbase listing and no new partnerships announced I am not sure where support settles, assume lower. IF they do though, there isn't enough rocket fuel for this puppy as its entry point is affordable. Long term is bright though, it really does kick swifts arse, convincing banks and governments of that...not easy but other applications like payment processing within Uber Amazon etc are potentials.Quote:
Originally Posted by GordmanQuote:
Originally Posted by DonaldTrumpsHairPiece
Thank you for your insight. I need to digest this and i will likely have more questions soon
Everything seems as stable as it can be atm but we still have a few more days this year for it to go down.
https://www.youtube.com/watch?v=FsjrQo7EkgI
DTHP-Would you buy recommend buying ripple/xrp @ 1.64 ? By the sound of it you would but I want to make sure before i pull the trigger.
TIA
14,000. When someone who has bashed Bitcoin for 4+ years says it's going to $60,000, it is time to be cautious.
Yes for a couple reasons... If there is no news the coin itself long term is bright so a dip will retrace up over time but you'd have to be willing to wait it out. Now if there is news be it today or early Jan then $1.60 looks like nothing. 'Quote:
Originally Posted by big dick
Only buy in what you are willing to sit on if it stalls. 99% of the time with anything else after a run up like this I would not recommend a buy but with XRP and all that is happening, worth a small risk.
Invest wisely my opinions are my own and blah blah blah not my fault if SHTF, happy new year :)
More likely to happen in 2018?
Bitcoin to $45,000 within a year or Litecoin to $750
id say BTC is a slight fav given those two choices...name recognition is pretty big, however LTC being "cheap" might help it get to that $750 mark..Quote:
Originally Posted by chinamaniac
I bought Ripple in the .60s and low .70s and dumped most in one of the run ups to 1.20s. Everything I've researched about it keeps leading my brain to two things: Enron and the original Xbox monstrosity console. It may keep climbing, but it's the kind of volatile speculation based off of very effective talking points that I would equate to the famous Idiocracy line of "it's got electrolytes". If it doesn't get listed on Coinbase soon, it's likely heading to a gradual but steep correction. There's a ton of scared bitcoin money being pumped into it as a safe haven, which is a horrible sign for the crypto market.
Sure, bitcoin is absurd, but stop and think about how absurd a coin that currently serves no actual purpose having a 70 billion dollar market cap is? Ok, now think about the fact that it's centralized with over 60% of the coins in developers' hands? Think about the coin at 3.50 having roughly the same market cap as McDonald's. . . Research its shady history, combine all of this together, and what do you get? The most overvalued thing in the history of the world. There is some justification for Bitcoin, but none that I can think of for Ripple being more than a billion or two. Ripple + Banks = Profit?
DTHP knows way more about XRP than I ever hope to...it's a total gamble, but I look at it this way...you're risking probably 50-60% to make a few hundred percent should it get listed on coinbase...if I could ever get 2-3:1 on a trade i'll take it all day everyday...just be prepared to torch the money...but hey who doesn't like a little gamble...Quote:
Originally Posted by VaughnP
Quote:
Originally Posted by chinamaniac
i think btc could bink 45k in january followed by thor's hammer of gov regulation and interference followed abruptly by a kamakazi dive into oblivion.
Any Canadians here buy and sell cryptocurrency? Coinbase apparently doesn't do withdrawals for Canadians. I'm reading that https://www.quadrigacx.com is the best choice.
I just want to toss a few k at both Bitcoin and Litecoin, enjoy the sweat.
Quote:
Originally Posted by sonatine
http://www.businessinsider.com/kidna...ransom-2017-12
no, seriously.
My two cents.
Bitcoin is on life support, the US government has had enough. It was kinda harmless, but now it's gone crazy they need to stop it.
They will use money laundering and other criminal activities as the main reason to go after BTC. Other governments will follow suit.
I give it two months tops.
Lot of money to be made if you can catch a falling knife without losing your fingers.
Or.....certain bad actors in the government might be undermining legitimate efforts to bring down bitcoin because it not only allows them to launder money from illegal activities in order to enrich themselves or fund black projects or both.....I mean the fed chair could end it with literally one pen stroke.......food thought.....Quote:
Originally Posted by Salty_Aus
Also, if said bad actors were using bitcoin to launder money when bitcoin was in the single digits then you can imagine hoiw much invested they are in now...I bet good ol Oli north is very envious of having something like bitcoin.....
Finally my litecoin purchase got processed on coinbase. I just registered for binance. How do I take all of my litecoin and trade it for XRP?
1) log into binance.comQuote:
Originally Posted by OSA
2) click on deposits
3) find the deposit address for LTC
4) send from coinbase to deposit address
5) convert LTC to BTC
6) convert BTC to XRP
https://www.youtube.com/watch?v=2PiHPJ_SCmQ
This shows the basics of converting coinbase to Bittrex, Binance etc.
For those who wanna mine litecoin
https://shop.bitmain.com/productDeta...973Wu6SKab069A
How much are we talking about profit per machine per coin you think?
Quote:
Originally Posted by OSA
that machine will earn you about $12 a day... once it arrives in april... and providing difficulty doesnt jump, which of course it will.
be sure to spend another $110 on the 1200w power supply it needs.
but yeah you can expect about 22 coins a year at current difficulty and it will only cost you $1600 in electricity to get them.
#XRP rocketing and.....