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3 hours ago, Jamalisms said:

The opportunity of a lifetime was buying Cryptocurrency 3-4 years ago and selling it about a month ago.  At this point, anyone who buys it is just a sucker.

 

Herpes is here to stay too you know. not selling your entire portfolio.

Maybe your lifetime but not mine.  This is nothing compared to the opportunity to buy in right after the dot com bubble burst.

Edited by abenjami
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My bitcoin has been going nutssssssss! Up 70% in the last month and almost 1000% this year! Gimme the loot baby!    Edit: when bitcoin was first developed I started mining it and had al

Meanwhile in NFT land...    

The first rule of crossfit/Crypto: always talk about crossfit/crypto

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1 minute ago, IsntLifeFunny said:

That is the bitch of it. Pump and dump is huge in these exchanges. From what I’ve seen there are guys who are at the tops of these waves who put out the call signs to those who want to pay attention. I’m not giving advice here about getting in, just saying acting like there isn’t a huge upside is incorrect. Until this thing is regulated it’s going to continue to see huge gains. 

I never said that there isn't upside, simply that there is too much to lose to think that you can intelligently invest in it. You have to get out when you make money and just be content with what you did make and not worry about trying to get out at the maximum value.

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19 hours ago, titanruss said:

i hope it keeps crashing. easier/cheaper to buy then. 

 

 

To an extent. Cryptocurrency is completely different than the stock market.

 

If Bitcoin crashes too much (over an extended period of time and not overnight) people's confidence will just switch to a different currency. Anything of the blockchain nature will obviously not be effected but the individual currency you are gambling on will not be so certain.

 

That being said, a crash due to public perception of bitcoin won't be the downfall of it. It simply being a poor currency that is ridiculously inefficient and expensive at it's core will be the demise.

Edited by wiscotitansfan
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1 hour ago, wiscotitansfan said:

That being said, a crash due to public perception of bitcoin won't be the downfall of it. It simply being a poor currency that is ridiculously inefficient and expensive at it's core will be the demise.

Well that and if you can’t actually use it to buy tangible goods like food, shelter, and Ferrari’s. 

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19 minutes ago, abenjami said:

Well that and if you can’t actually use it to buy tangible goods like food, shelter, and Ferrari’s. 

...Because the expenses and inefficientness of the currency.

 

You're crazy though if you think cryptocurrencies aren't going to be a staple in the economy going forward. When the kinks get ironed out (which they will, just not with Bitcoin) you won't be able to turn your head without seeing places that accept it.

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1 hour ago, Starkiller said:

I’m surprised there isn’t a Trumpcoin. Trump would probably try to make it the official currency of the country. And the Trump Suckers would buy it in droves and make him millions.

Plus, it would make all of his money laundering much easier...

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14 hours ago, wiscotitansfan said:

...Because the expenses and inefficientness of the currency.

 

You're crazy though if you think cryptocurrencies aren't going to be a staple in the economy going forward. When the kinks get ironed out (which they will, just not with Bitcoin) you won't be able to turn your head without seeing places that accept it.

I just don't see the motivation to accept it.  Places already accept American Dollars electronically using a variety of methods so it's not like people have to carry actual cash around anymore.  Everyone can transact using dollars and if you travel abroad they are easily exchanged for other currencies.

 

I do see some value in having a standard cryptocurrency that is universally accepted but it will need to be created from some (possibly multi-national) regulated effort, not some computer nerd in his mother's basement making up his own currency.  Look at what happened with the Euro, it would be something like that.

 

What are the expenses and inefficiencies of the American Dollar that cryptocurrencies are going to eliminate?

 

I also think they will be shut down once the government and banks realize bitcoins are being used to conduct illegal activity and decide to do something about it.

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