Cryptocurrency

ArgentCy

Well-Known Member
Jan 13, 2010
20,405
11,148
113
It becomes a gain if you use it as well. Of course they just use threats to get you to try to track them rather then use their time.
 

ArgentCy

Well-Known Member
Jan 13, 2010
20,405
11,148
113
Tried to warn you but people have to learn things on their own. At least you don't have to learn this lesson. You can actually write off the loses. Of course, the IRS limits that to only 3,000 per year.

https://www.zerohedge.com/news/2018...-irs-50k-i-dont-have-because-i-traded-cryptos

I will wait for the industry to settle down and try to find the currencies that are most useful. Rather than speculation I would like one for storage and use.
 

Kypdurron

Member
Dec 13, 2017
60
27
18
35
West Des Moines
lol yeah, I still think there is value in these currencies. I just wish I hadn't invest as much money as I did.

It is going to go back up, there are dips every Q1, granted this is the most severe we have experienced but we have seen more regulation in the last 6 months then in the last 4 years. If you got in to get rich in a month then it's not going to look good.

My book is up 300% still since the same time last year, as always keep calm and hodl.
 

Playboi Carti

Well-Known Member
May 7, 2017
1,581
1,190
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26
It is going to go back up, there are dips every Q1, granted this is the most severe we have experienced but we have seen more regulation in the last 6 months then in the last 4 years. If you got in to get rich in a month then it's not going to look good.

My book is up 300% still since the same time last year, as always keep calm and hodl.
I think a ton of alt coins were way over valued. The fact that doge coin was valued over a billion dollars says a lot. I'm probably going to sell when crypto reaches new all time highs.
 
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MeowingCows

Well-Known Member
Jun 1, 2015
40,025
40,806
113
Iowa
It is going to go back up, there are dips every Q1, granted this is the most severe we have experienced but we have seen more regulation in the last 6 months then in the last 4 years. If you got in to get rich in a month then it's not going to look good.

My book is up 300% still since the same time last year, as always keep calm and hodl.
BUT IT'S Q2 NOW AND STILL DOWN WOT DO?!?!

But really though, I'm pretty tilted about this. Graphics card prices are just finally starting to revert back to MSRP levels... Inevitably before shooting back up again soon. PC buyers market getting dad-d***ed hardcore by this drop.
 

Playboi Carti

Well-Known Member
May 7, 2017
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1,190
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I heard that specifically bitconnect was effectively set up as a Ponzi scheme (somehow different from the other coins). Is that right, or am I dumb?
Yes and they are currently being sued. Some people put their entire lifesaving into it and got absolutely ******. I’m not sure if I’ll get my money back but I hope those people get some money back
 
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