Cryptocurrency

[Cyclonepride]

I think you're disrespecting the initial use of bitcoin. It could also be used to purchase snuff films and mercenaries.

I always struggle with how to pay my mercenaries. Can't believe I never thought of this.

 

[Playboi Carti]

OMFG they can't verify my id

 

[jkclone]

If anyone does “invest” realize it isn’t really investing. It is gambling. There is nothing backing it up and it will crash. I’ve seen it compared to the dotcom bubble but at least there was something backing it up. It just happened people didn’t understand how to properly value that thing. I think it might be cool to put some money into it because the reward could be huge. The issue is the risk is super high as well.

 

[BCClone]

OMFG they can't verify my id

I'm starting a new coin. You can get in on ground level. 1 BC coin for one buck. Just send me your investment and I will mark you down. I'm working on a deal with CF to get it accepted.

 

[Playboi Carti]

If anyone does “invest” realize it isn’t really investing. It is gambling. There is nothing backing it up and it will crash. I’ve seen it compared to the dotcom bubble but at least there was something backing it up. It just happened people didn’t understand how to properly value that thing. I think it might be cool to put some money into it because the reward could be huge. The issue is the risk is super high as well.

How is the stock market any different?

 

[Playboi Carti]

I've been thinking of doing this. Everyone tells me something different. I was thinking about buying like $400 of Litecoin. Bad move?

Litecoin will probably be worth over $1,000 by next year

 

[deadeyededric]

Bought $150 in Litecoin just to get started. I appreciate all the insight.

 

[ClonesFTW]

Waiting for the next Enron ride. So many millennials will ravage the streets there 200 dollar investment is gone.

This is funny because I once had a guy tell me he was up $8 on the day, yes $8.

 

[Doc]

Been kind of viewing it this way;

https://www.google.com/amp/amp.timeinc.net/fortune/2017/12/04/bitcoin-value-today-bubble-burst

Instead, compare Bitcoin’s valuation to the fine art market

I guess the question is whether crypto is fine art or if it's beanie babies.
Seems like a great new technology at the least.

 

[Playboi Carti]

Over $35,000,000,000 were spent on cryptocurrencies in the past 24 hours.... 14% of the market cap ,crazy.

Ripple went up from 42 cents yesterday to 70 cents today. No doubt that it will crash back down

 

[VeloClone]

I don't understand humans... They will rush out to buy something they don't know anything about only because the price has doubled and doubled again. Three years ago I could have stood out on the street and tried giving away these coins and probably would only have been yelled it. Would go something like this.

I love how after these people choose candy with less than $1 of value over a roughly $150 in precious metals he mocks them by telling them that they are winners. They don't even get that the joke is on them.

In high school while we were learning about stocks our teacher told us the story of how he had someone practically begging him to buy some shares of a new RV company in Forest City, Iowa. Our teacher thought he was crazy at the time. Really, a place building campers in rural Iowa? But if he had jumped in on Winnebago he would have at that point realized some ridiculous return like 10,000%.

 

[jkclone]

How is the stock market any different?

This proves you have no business spending your money on this. Sure there is a fair bit of gambling with the stock market but there is something of real value backing it up. In the stock market you are trying to value the real world assets of a company. There is something there.

 

[NickTheGreat]

I love how after these people choose candy with less than $1 of value over a roughly $150 in precious metals he mocks them by telling them that they are winners. They don't even get that the joke is on them.

In high school while we were learning about stocks our teacher told us the story of how he had someone practically begging him to buy some shares of a new RV company in Forest City, Iowa. Our teacher thought he was crazy at the time. Really, a place building campers in rural Iowa? But if he had jumped in on Winnebago he would have at that point realized some ridiculous return like 10,000%.

In all fairness, I understand the value of Precious Metals and Candy bars. But if some dude (especially Mark Dice) was on the street corner offering me something, I'd decline. Though I wouldn't eat the candy bar from him, either, I suppose

 

[Kypdurron]

If anyone does “invest” realize it isn’t really investing. It is gambling. There is nothing backing it up and it will crash. I’ve seen it compared to the dotcom bubble but at least there was something backing it up. It just happened people didn’t understand how to properly value that thing. I think it might be cool to put some money into it because the reward could be huge. The issue is the risk is super high as well.

I would say that there is an accepted value for currencies, backing has little to do with it. Adoption, supply/demand and decentralization are the key. Besides the investment in mining hardware, the investment in exchanges and personal, there is widespread adoption of crypto-currinces.
Trying to compare it to the Dotcom bubble or the tulip bubble doesn't really hold water. The theory of large numbers(mass adoption) and the decentralized nature(as long as there is still one computer with the blockchain stored it cant be lost) prevent the kind bursting we have seen in the past.
I will say that I do agree it's more gambling then the stock market and you should only put in what you are willing to lose. Also bitcoin isn't the future of crypto's, to slow of transaction speed and to slow new tech adoption is making it fall behind Ethereum.

 

[Kypdurron]

I've been thinking of doing this. Everyone tells me something different. I was thinking about buying like $400 of Litecoin. Bad move?

It is a good first buy! Litecoin is essentially Bitcoin 2.0, similar code structure but due to its smaller community it has faster new tech adoption and faster transaction time. (BTC processes every 10 min, LTC processes transactions every 2 min)

 

[ArgentCy]

I love how after these people choose candy with less than $1 of value over a roughly $150 in precious metals he mocks them by telling them that they are winners. They don't even get that the joke is on them.

In high school while we were learning about stocks our teacher told us the story of how he had someone practically begging him to buy some shares of a new RV company in Forest City, Iowa. Our teacher thought he was crazy at the time. Really, a place building campers in rural Iowa? But if he had jumped in on Winnebago he would have at that point realized some ridiculous return like 10,000%.

That one was particularly funny as the one lady asked the only relevant question, the guy was shocked... "Is it real?". Then he realized she wanted to know if the candy bar was real.

You have to understand money and value before you can invest. If you are buying something, or picking a free item, you have to know the values before you buy. If not, then you are just gambling.

 

[Peter]

Don't invest. Just mine. The only coast is your electricity bill.
https://www.investopedia.com/terms/b/bitcoin-mining.asp

 

[LincolnWay187]

Don't invest. Just mine. The only coast is your electricity bill.
https://www.investopedia.com/terms/b/bitcoin-mining.asp

How long does it take to produce a litecoin? I am doing etherium with a 1080ti and sure seems to be taking a while these days haha. I think she. I checked it said with my specs I'll get 1.6 eth a year and have about .06 eth mined so far

 

[Playboi Carti]

Don't invest. Just mine. The only coast is your electricity bill.
https://www.investopedia.com/terms/b/bitcoin-mining.asp

I'm going to probably do bitconnect mining

 

[packattack425]

Today was a crazy day. Bitcoin cash was a roller coaster after being released on coinbase. 3,000 to 8,000 to 3,000 in half an hour.