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Crypto currency investing (Read 18680 times)
Pho Huc
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Re: Crypto currency investing
Reply #45 - Dec 25th, 2017 at 3:18pm
 
btc is in a descending channel right now, needs to break 13800 on BitFinex to break out. next support is 8K region. I have 50 alt coins, my bag is heavy and growing fast. cointradingnews.com (a website i help run)
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The law locks up the man who steals the goose from the common, but leaves the greater criminal loose who steals the common from the goose (convict saying)
 
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.JaSin.
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Re: Crypto currency investing
Reply #46 - Dec 25th, 2017 at 8:45pm
 
Sounds more like a Plasma TV to me.
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Amadd
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Re: Crypto currency investing
Reply #47 - Dec 28th, 2017 at 11:37pm
 
The_Barnacle wrote on Dec 23rd, 2017 at 11:08am:
Sprintcyclist wrote on Dec 21st, 2017 at 11:40pm:


This is a mega bubble.
Bitcoin produces no income, has no intrinsic value, in fact they don't really exist except in cyberspace.

When this bubble pops a lot of people are going to get hurt


It's funny. I'd call it a clever pyramid scheme, but not by any means anything that hasn't been done before in a different shape or manner.. Now that the cat is out of the bag, it's too late to invest.
It will come crashing to the ground very shortly, like it should, because it produces nothing by itself except for plebs thinking that they can get something for nothing.
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it_is_the_light
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Re: Crypto currency investing
Reply #48 - Dec 30th, 2017 at 1:07pm
 


Why did Ripple Explode? Is it too late to buy?
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it_is_the_light
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Re: Crypto currency investing
Reply #49 - Dec 30th, 2017 at 1:19pm
 


McAfee to RT: ‘We live in a new world of sophisticated hacking & cryptojacking’
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The_Barnacle
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Re: Crypto currency investing
Reply #50 - Dec 31st, 2017 at 12:02pm
 
Amadd wrote on Dec 28th, 2017 at 11:37pm:
It's funny. I'd call it a clever pyramid scheme, but not by any means anything that hasn't been done before in a different shape or manner.


The Governor of the Reserve Bank called it a speculative bubble and that's really only a fancy name for a pyramid scheme
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Sprintcyclist
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Re: Crypto currency investing
Reply #51 - Dec 31st, 2017 at 12:26pm
 
it_is_the_light wrote on Dec 30th, 2017 at 1:07pm:


Why did Ripple Explode? Is it too late to buy?


yes, ripple looked like one of the better ones.
there are 100's of them
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Super Nova
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Re: Crypto currency investing
Reply #52 - Dec 31st, 2017 at 6:58pm
 
Pho Huc wrote on Sep 28th, 2017 at 1:12am:
Bitcoin is pretty safe for the next few years, but quantum computing breaks it. I just bought more QRL( Quantum resistant ledger,) with the recent announcements by IBM(they are developing a software framework for quantum processing) and the recent advances in entanglement stability its going to be happening faster than
a lot of people expect.


That is really interesting.

I thought we were more then ten year away from a basic system that could do real world stuff.
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Re: Crypto currency investing
Reply #53 - Dec 31st, 2017 at 7:03pm
 
What I didn't realize and now regret not buying some bitcoin is the use of this in the blackmarket. A great way to move money around without the authorities seeing it. That I think is why it is a hit. It has a real purpose in avoiding the established finance institutions and the trails they leave behind.

I think there will still be a market for those that want to move money undetected, so I don't think it will just disappear. However I do think it a form a gambling and now I have missed the boat, will not play in.
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Sprintcyclist
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Re: Crypto currency investing
Reply #54 - Dec 31st, 2017 at 7:13pm
 
Super Nova wrote on Dec 31st, 2017 at 7:03pm:
What I didn't realize and now regret not buying some bitcoin is the use of this in the blackmarket. A great way to move money around without the authorities seeing it. That I think is why it is a hit. It has a real purpose in avoiding the established finance institutions and the trails they leave behind.

I think there will still be a market for those that want to move money undetected, so I don't think it will just disappear. However I do think it a form a gambling and now I have missed the boat, will not play in.


yes.
It has no yield,so is not an investment.
It has no real asset backing.

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Dnarever
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Re: Crypto currency investing
Reply #55 - Jan 1st, 2018 at 6:39am
 
Guy I was working with was buying into bitcoin a number of years ago when it was virtually worthless something like 0.005 c. He must be laughing today.

Buying this at the rates today IMO would be insane.
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Pho Huc
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Re: Crypto currency investing
Reply #56 - Jan 6th, 2018 at 9:03pm
 
Super Nova wrote on Dec 31st, 2017 at 6:58pm:
Pho Huc wrote on Sep 28th, 2017 at 1:12am:
Bitcoin is pretty safe for the next few years, but quantum computing breaks it. I just bought more QRL( Quantum resistant ledger,) with the recent announcements by IBM(they are developing a software framework for quantum processing) and the recent advances in entanglement stability its going to be happening faster than
a lot of people expect.


That is really interesting.

I thought we were more then ten year away from a basic system that could do real world stuff.


no. Already have stable 48 bit entanglements,  a few companies have crude but stable processors. Im actually learning Q programming now, want to get in front of the curve on that one. ten years till its in homes/industry much less before its accessible over he cloud.
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Re: Crypto currency investing
Reply #57 - Jan 11th, 2018 at 10:43pm
 
Cryptocurrency isn't going to disappear. The Blockchain is in its infancy. Those are two solid reasons to hold crypto. Plus, its fun to learn the ins and outs of it. Stories abound of people who refinance their homes to "get in" Bitcoin then can't sleep when the value drops 30% but the same stupidity is found in gold and stocks and real estate but they don't make the news anymore.
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Re: Crypto currency investing
Reply #58 - Jan 13th, 2018 at 11:50am
 
it_is_the_light wrote on Dec 30th, 2017 at 1:19pm:


McAfee to RT: ‘We live in a new world of sophisticated hacking & cryptojacking’



OK. So now we also need to hate nerds as well as muslims?
This is getting tricky.
I don't want to hate people, it takes too much effort.
I guess I could go back to watching movies on TV and stop watching free pornography, then I wouldn't need the internet anymore.
That is all it's good for, I remember Tony Abbott said so.
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The_Barnacle
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Re: Crypto currency investing
Reply #59 - Jan 16th, 2018 at 8:39pm
 
BILLIONAIRE investor Warren Buffett has taken aim at cryptocurrencies, warning the recent mania that has seen bitcoin and its cousins skyrocket in value will not end well.

“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and CEO of Berkshire Hathaway said in an interview with CNBC on Wednesday. “When it happens or how or anything else, I don’t know.”

Mr Buffett, the world’s third richest man behind Amazon founder Jeff Bezos and Microsoft founder Bill Gates, with an estimated net worth of $US87.2 billion ($111 billion), has previously made comments critical of bitcoin.

“It’s a mirage, basically,” he said in 2014. “I mean it’s a method of transmitting money, the idea that it has some huge instrinic value is just a joke, in my view.”
http://www.news.com.au/finance/money/investing/warren-buffett-says-cryptocurrenc...
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