Is it just me, or am I the worst timed bitcoin investor ever?
Yes to both questions.
Is it just me, or am I the worst timed bitcoin investor ever?
Yes to both questions.
Fixed the title for you
RE: Is it just me, or am I the worst timed gambler ever?
PokerNews tweeted:
"Cryptocurrency poker room CoinPoker may be having bot issues, but site sources assure they are handling it"
RE: Is it just me, or am I the worst timed bitcoin investor ever?
"Bitcoin investor" is an oxymoron. You meant to write "bitcoin speculator." I'm sure there are plenty of others like you, so no, you are hardly the worst. Which isn't to suggest you are good at it...
I first heard about Bitcoin about 5 or 6 years ago when Bloomberg started doing stories on it (price had just hit $100), and it seemed to me like a fad reminiscent of the dot-com bubble. I'd worked in finance and tend to approach investing with a strong "fundamental value" mindset (I'm a CFA charterholder and did my MBA at a school that really emphasizes that philosophy), and I guess you could have called me pretty cynical about the whole technology due to its dodgy origins. And it's true, Bitcoin really offers no fundamental value or cash flow, so its value is predicated solely on what other people perceive its value to be and are willing to pay for it.
I'll come back to Bitcoin in a moment, but separately from it there are a lot of blockchain technologies with real-world applications; in fact right now there is a burgeoning ecosystem that can support payments, exchanges, and smart contracts. I don't know enough to get into the technical details, but you can find research on its applications by very smart people with deep backgrounds in both tech and finance. The way payments are facilitated globally is radically changing; I was in Shanghai a couple months ago for the first time in over 5 years and all of a sudden Alipay has completely taken over as the preferred payment mechanism. Blockchain offers much higher speed and security than the current settlement processes used, for example, by global banks (standard settlement time being two or more days for many assets, with collateral needed to mitigate pre-settlement and settlement risk). I think a lot of these alt coins/tokens will see significant upside once they're understood and start to have mainstream adoption (I won't get into the specific ones I like for now, you can find more than enough info on other forums like reddit).
Back to Bitcoin. Unlike the technologies that have actual utility, Bitcoin's value comes from it being a medium of exchange as the first significant player in this crypto space. Some "alt coins" such as ETH and LTC have been eating into its market share, and ETH in particular has real value potential as a platform. However, due to the first mover advantage and public awareness of Bitcoin it will probably take a while before it is replaced as the #1 crypto for transactional purposes. I think in the medium term, Bitcoin will continue to have modest gains, and in the long run it is likely that it will remain a preferred medium of exchange along with ETH and probably a couple others. On the other hand, if ETH and other platform cryptos are able to gain a critical mass you could see BTC take a nosedive (BTC's value depends on network effects), but that probably wouldn't happen for quite a while.
Long story short, I won't be speculating in Bitcoin any time soon (or ever), although I certainly wouldn't be surprised to see it grow 2-5x in price over the next year or so. But I do think there is a lot of money to be made from the industry's future growth by investing (or "speculating," I don't think you should put in any more than you're happy to part with) in the right alt coins over the next few years.
Nah man. Imagine those middle class people that went like 50% up to ALL IN on bitcoin when it was like 16k. Those people got rekt.
All you fools making money in Bitcoin are going to fail, eventually!
“The value will be very high as we are identical in numbers to bitcoin, except we are 4,000 times cheaper right now,” Roberto Escobar’s cryptocurrency website claims. The coin is now worth $2, and is mineable like bitcoin.
“I made over $100 billion in profit throughout my career,” adding, “Buy as many dietbitcoins as you can afford, the value will be very high soon,” Escobar told theblast.com.
https://www.rt.com/business/422028-roberto-escobar-cryptocurrency-cartel/
Mining fraudsters wrote:
‘Crypto-jacking’: Bitcoin rise prompts hackers to ditch ransomware for mining fraud
Heh. Randomware is still big here, you Russian trolls.
“The City of Atlanta is currently experiencing outages on various internal and customer facing applications, including some applications that customers use to pay bills or access court-related information,” a spokesperson for the city explained, in a statement emailed to Fox News.
Atlanta’s Information Management team is working with Microsoft to resolve the issue, according to the city. “We are confident that our team of technology professionals will be able to restore applications soon,” it added. “Our City website, Atlantaga.gov, remains accessible and we will provide updates as we receive them.” […]
The FBI is working with the city to determine what happened in the attack, according to 11Alive.
It's just short of luck. But fluctuations in the rate is a typical thing. And the boom-growth isn't expected anymore maybe. But that's OK and there's no need in worrying. But to be on the safe side you can accumulate more types of crypto with this https://mineunit.com/ device.
24 hour ticker:
BTC -8%, ETH -19%, XRP -14%, BTC Cash -15%, EOS -20%, Stellar -11%, LTC -14%, etc.
down down down down down wrote:
24 hour ticker:
BTC -8%, ETH -19%, XRP -14%, BTC Cash -15%, EOS -20%, Stellar -11%, LTC -14%, etc.
Meanwhile,
BitCoin Diamond (BCD) was up +118% for the day!!
Did YOU have YOUR cryptomoney in the RIGHT place???
some are better than others wrote:
down down down down down wrote:
24 hour ticker:
BTC -8%, ETH -19%, XRP -14%, BTC Cash -15%, EOS -20%, Stellar -11%, LTC -14%, etc.
Meanwhile,
BitCoin Diamond (BCD) was up +118% for the day!!
Did YOU have YOUR cryptomoney in the RIGHT place???
Bigger idiot than the OP.
Ghost of Igloi wrote:
some are better than others wrote:
Meanwhile,
BitCoin Diamond (BCD) was up +118% for the day!!
Did YOU have YOUR cryptomoney in the RIGHT place???
Bigger idiot than the OP.
Don't blame me if YOU lost ANOTHER +118% opportunity cost.
They don't grow on trees.
Cryptos were smacked with the ugly stick today after headlines reported Goldman Sachs delaying its plans for a crypto trading desk...
WOW!
Thanks for the heads-up. That's one hell of a drop right in front of your eyes, in real time. Where will it bottom?
seattle prattle wrote:
WOW!
Thanks for the heads-up. That's one hell of a drop right in front of your eyes, in real time. Where will it bottom?
Cryptos were smacked with the ugly stick today after headlines reported Goldman Sachs delaying its plans for a crypto trading desk...
Obviously when the puppeetier Goldman Sachs demands it too (and orders its press friends to say so).
I was.
I find it hard to fathom how some people are still in.
Is there a rule against attaching a helium balloon to yourself while running a road race?
Am I living in the twilight zone? The Boston Marathon weather was terrible!
How rare is it to run a sub 5 minute mile AND bench press 225?
Move over Mark Coogan, Rojo and John Kellogg share their 3 favorite mile workouts
Mark Coogan says that if you could only do 3 workouts as a 1500m runner you should do these
Red Bull (who sponsors Mondo) calls Mondo the pole vaulting Usain Bolt. Is that a fair comparison?