Bitcoins are officially donkdown

[Charham]

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

[big dick]

Gonna lol when btc hits 25k mid feb

[gimmick]

Obv and if you bothered to do your homework with crypto, it's still a fine way to make money. It's just not likely something you can make money knowing absolutely nothing about it or something you should spend few thousand hours learning. Sorta like the value of getting decent at poker was nothing in 2016 compared to 2006.

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.

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.

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.

[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.

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.

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?

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.

[snake_in_the_ass]

Gonna lol when btc hits 25k mid feb

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.

[Mintjewlips]

Xrp is going to blow up YUGE in 2018.

[sonatine]

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

just wait until the gov regulations kick in.

one big cashout and this thread turns into a morgue.

[MumblesBadly]

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

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...

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.

[gimmick]

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.

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?

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.

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.

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.

[DonaldTrumpsHairPiece]

So a 50% profit untaken by a moron makes it a bad investment?

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.

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.

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...

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.

[gimmick]

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.

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...

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.

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.

[DonaldTrumpsHairPiece]

Without morons where would we be? Morons make the financial world go round...

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.

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.

[Dan Druff]

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.

[snake_in_the_ass]

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.

[gimmick]

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.

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.

[big dick]

here it comes bitches

[OSA]

XRP is 1.50. Fuck yall niggas

[Gordman]

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.

[DonaldTrumpsHairPiece]

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.

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.

[Gordman]

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.

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