Crypto-currencies

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The Annoyed Man
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Re: Crypto-currencies

#181

Post by The Annoyed Man »

1911 Raptor wrote:
The Annoyed Man wrote:
OldCannon wrote:Don't fool yourselves. China is the #1 miner of cryptocurrency. You don't kill your cash cows.
Exactly. That’s why China is not going anywhere. They were relatively early adopters, and they’ll stay in because it is good for them.
Another off the crypto currency.

https://www.crowdfundinsider.com/2018/0 ... g-bitcoin/
Nice deflection. When did Indonesia become China? :roll:

Next, ask yourself: “Are Indonesia and South Korea truly free societies?” Not really. What they ARE is firmly anti-communist. Being anti-communist alone is no guarantee of liberty, if your gov’t seeks to control all other facets of your existence. There’s all kinds of other things those two countries do to control their citizens which would not fly here, and make no mistake, this is about control. For instance....have you ever tried to buy a gun in South Korea? Good luck. Your odds are much higher of legally getting one in anti-gun Australia or socialist Europe. Do you think that caning on top of the fines is an excessive punishment for misdemeanors? If yes, then Indonesia is not a free society. Both countries are HIGHLY regulated societies. On the other hand, if you agree with how those governments control their citizens, then you fundamentally do not understand the Constitution of the United States.

In the U.S., which, despite the best efforts of the DNC, is still a country where the concept of individual liberty holds some sway, cryptocurrency trading is perfectly legal. Where does the primary opposition to crypto in the US come from? Banks first, gov’t second. Banks don’t like it .... or haven’t until recently liked it.... because it cuts them out of the fee chain for financial transactions. Gov’t didn’t like it until the tax issues were addressed. Those tax issues HAVE been addressed. And as banks figure out how to convert their processes to crypto platforms, they will come on board. Indeed, some already have.

Is crypto risk free? No. And at no point in this thread have I said it was. But, neither is Real Estate or the Stock Market. As with ALL investment vehicles, cryptocurrencies being no exception, the higher the return, the greater the risks. No investment market, regardless of what’s being traded, is a place for cowards or pessimists. That’s capitalism, baby. If you have no faith in it, don’t engage in it. But it is pretty obnoxious to keep peeing in everyone’s cornflakes here. You’re not doing anyone a service; you’re just getting your fancy tickled. It’s tiresome.

What I HAVE said repeatedly in this thread is that, right now, there is no other investment that is performing like cryptocurrency. That’s just a fact. Even with the losses posted over the last 24-48 hours, I am STILL ahead of the game.....at a greater rate than any of my other investment accounts. The current dip WILL reverse itself, and prices WILL go back up. At the very least, now is the time to HOLD, not SELL. For my own part, I will probably buy some more Etherium today if I can get the cash uploaded to my account quickly enough. If the price rises to more than I want to spend before I can get it uploaded, I’ll just sit on the uploaded $$ and wait for the next dip.

Will I ever sell part or all of it off? Yeah, maybe at some point down the road. But that point will be determined by the same kinds of external-to-the-market factors that would prompt someone to sell off some blue-chip stocks.......like maybe for the cash $$ to buy a car, or a house, or land, etc., etc.

OTH, if the country adopts some form of crypto as a common medium of exchange, I may not even have to convert the assets to $$ to make that transaction happen. At that point, for a fairly small investment of $$, I’ll be like the guy who sold pizzas for two Bitcoin each way back when. Do you think HE’s making pizzas any longer, for any other reason than it simply makes him happy to do it? Every single one of those Bitcoin that he accepted in payment at a $1 value is still worth $9,896 at this very moment, even in the face of the dip.

And by the way, that story is 100% true. The Bitcoin blockchain verifies it.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, "Those Who Remain"

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Abraham
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Re: Crypto-currencies

#182

Post by Abraham »

TAM,

Drink an extra amount of coffee this morning?

You sound well...a bit angry.

I wish you well!

rotor
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Re: Crypto-currencies

#183

Post by rotor »

I have a great respect for TAM and hopes he makes a lot of money. I just question "The current dip WILL reverse itself, and prices WILL go back up. " as a guaranteed truism for the long term. I personally hope he is right. I just don't believe it and I follow this post as interesting and may end up kicking myself in the butt for not investing but I am not a believer. I think that one must separate blockchain technology from crypto-currency. They are not synonymous. One is a technological accomplishment, one is an investment scheme in which there will be winners and losers as with all investments. There will not just be winners. I do not count paper profits as being a winner. The only thing that counts is how much did you put in and how much did you take out. The real challenge to any investing is knowing when to get out. I don't consider myself to be a genius on that feature. I have learned a lot about crypto-currency by this post. I hope it continues.
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nightmare69
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Re: Crypto-currencies

#184

Post by nightmare69 »

I got out of bitcoin way to early but I made a really nice profit. If I was still in it now, I would be worried. You think about it, you have invested into a hype. Fake money was never meant to go this high or last this long. For those still in the game...may God be with you.
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The Annoyed Man
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Re: Crypto-currencies

#185

Post by The Annoyed Man »

1911 Raptor wrote:I find it incredible that you only report good news hoping to gain other investors so you can profit. Not one post from you or others about the 100 billion loss in 24 hours but you want to tout your modest gains in the hope of luring others to this created out of thin air crypto currency that one can’t even touch unless it is converted to US dollars or some other form of acceptable currency.
That’s a vile and dishonorable accusation, and so disconnected from the truth, not to mention common human decency, that there’s no profit in spending another minute of time on you. Thankfully, the forum software includes a blocking function.

Buh-bye.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, "Those Who Remain"

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Flightmare
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Re: Crypto-currencies

#186

Post by Flightmare »

It's a shame, that on a board like this where people are always so helpful...that we have people accusing others of having ulterior motives simply for discussing something that has been working for them. I do not recall seeing AndyC, TAM, or any of the others suggesting anyone invest or buy anything in particular. All I saw them do was discuss the particulars of the different currencies, and what they have seen from their own returns. I personally see this as no different than someone discussing a new pistol they just bought. If it's not something you're interested in trying, it has no effect on the people who are. Asking honest questions is fine. There have been many who have been curious about crypto-currencies and asking genuine questions to further their knowledge. I've been following this thread and learning a little bit here and there. I'll admit that I do not know enough about the market to feel comfortable investing my money there yet, but that is my own personal decision. I do not think this is a scam nor a ponzi scheme as some have claimed. I could make a loose argument that Social Security is closer to a ponzi scheme than crypto-currencies. Some people only prefer to invest in tangible physical assets. I've personally done a little playing with stock options, but that's me. Thankyou TAM and Andy for discussing what you've learned with us. If nothing else, it's interesting information.
Deplorable lunatic since 2016
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PUCKER
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Re: Crypto-currencies

#187

Post by PUCKER »

Alright - I'm late to the party....cliff notes?
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OldCannon
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Re: Crypto-currencies

#188

Post by OldCannon »

PUCKER wrote:Alright - I'm late to the party....cliff notes?
My summary:

"Who else is trading in cryptocurrencies? Crypto currency is an interesting development, might be worth considering getting into. <Link to informative article>"

"IT'S A PONZI SCHEME!"

"Ok, nobody is telling you to buy it. For some of us, it's been a worthwhile investment and we're glad to share with others why we think so."

"IT'S A SCAM! <Link to scary article> YOU PEOPLE ARE SUCKERS AND IT'S A TOTAL FRAUD."

"Well, it's not a ponzi scheme, <detailed explanation>, but, again, nobody is forcing you to invest. Just like any other investment, there is risk."

"IT'S BACKED UP BY NOTHING! YOU'RE THROWING AWAY YOUR MONEY."

"Ok, that's an interesting viewpoint, but it's not really helping others make informed decisions. Please stop posting these non productive links and comments."

"NOTHING IS UNHACKABLE. STOP SAYING IT IS!" (This statement is mathematically false, but some people...)

"You're really deflecting. Here's some interesting information. Again, nobody is forcing you to invest."

"YOU'RE JUST SAYING GOOD THINGS SO YOU CAN PROFIT FROM EVERYBODY"

"Ok, dude. You just made my block list"

I think that summarizes it. :tiphat:
I don't fear guns; I fear voters and politicians that fear guns.
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OldCannon
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Re: Crypto-currencies

#189

Post by OldCannon »

1911 Raptor wrote: Thank goodness the blocking feature works both ways! Enjoy your group think!
TAMs post count: 23026

Yours: 65.

Dude, you picked a fight with the wrong guy. I, along with many others, are quietly showing you the exit door.

Good day sir. :tiphat:
I don't fear guns; I fear voters and politicians that fear guns.

ninjabread
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Re: Crypto-currencies

#190

Post by ninjabread »

"Ok, dude. You just made my block list"
At this rate it might be a block chain soon.

:leaving
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loktite
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Re: Crypto-currencies

#191

Post by loktite »

ninjabread wrote:
"Ok, dude. You just made my block list"
At this rate it might be a block chain soon.
Well played, sir, well played :tiphat:
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