Anyone cryptocurrency mine?

[Strychnine]

It's all the moon's fault:

https://www.bloomberg.com/news/artic...-slump-on-moon

LMGDAO.

Gasser64, did your peer-reviewed model account for astrology?

[slow99]

The funny thing with bitconnect is their shills on YouTube are still saying to "hold on, it's going to bounce back" despite the service shutdown.

It's all the moon's fault:

https://www.bloomberg.com/news/articles/2018-01-17/bitcoin-watchers-running-out-of-explanations-blame-slump-on-moon

[71chevellejohn]

It could be worse..

https://coinmarketcap.com/currencies/bitconnect/

The funny thing with bitconnect is their shills on YouTube are still saying to "hold on, it's going to bounce back" despite the service shutdown.

[Strychnine]

You've never looked at a crypto chart have you.

Sure, its happened. If you're looking or talking about some kind of a 100% sure deal, look elsewhere. Also let me know when you find it, I'll want in. But as a general rule, yeah. They don't generally go back down to rock bottom prices once they see an initial surge. Seriously, go to coinmarket cap and just look at some charts and timelines. See if you were laughing in ignorance.

Why would I need to look at a "crypto chart" ??? What you said is asinine. It doesn't matter what the subject matter is, assuming that no future negative events will happen because one has already passed is fucking dumb. N=1 does not count, nor does t=infinity.

I replied to your original post week ago, but deleted it not long after - thought it was too shitty and didn't want to be an asshole (but I definitely got PMs about it). But I still don't feel any different - what's your basis for saying anything you say other than, "I read it somewhere" or, "This guy over here says this..." ? We know you're not doing your own original research and data analysis, so why are you so sure? Do you have some new info that defies logic?

As of Jan 7 there are at least 1384 crypto-currencies I could invest in. Please, great oracle, tell me where to put my money. I'd LOVE to follow your lead... just as I follow the Texas State Lottery and the dealer at the blackjack table. Tell me where I'll find my early-retirement fund, and I'll follow... but please be right this time because the last one you thought couldn't go down has lost its ass.

Seriously, go to coinmarket cap and just look at some charts and timelines. .

[Gasser64]

This one still makes me laugh.

You've never looked at a crypto chart have you.

Sure, its happened. If you're looking or talking about some kind of a 100% sure deal, look elsewhere. Also let me know when you find it, I'll want in. But as a general rule, yeah. They don't generally go back down to rock bottom prices once they see an initial surge. Seriously, go to coinmarket cap and just look at some charts and timelines. See if you were laughing in ignorance.

[Gasser64]

I won't touch any of it because of a lack of intrinsic value and I also think it is all a scam because of lack of regulation of the exchanges.

If you don't like the lack of regulation now, just wait lol. That lack of regulation of the exchanges is going to get a lot worse once several decentralized exchanges come online. I think there may be one up now, can't remember. But there are several cryptos whos mission is the creation of a decentralized exchange.

https://coinmarketcap.com/currencies/district0x/

Ain't skeered. Long term hold.


My .02 - If you shit your pants every time something like this happens, then yeah crypto is definitely not for you. Most veterans will cite balls of steel as a prerequisite. But like another member said, I never invested anything I couldn't stand to lose. I'll still be golden if crypto disappears off the face of the earth tomorrow.

[DieselSmoke]

It could be worse..

https://coinmarketcap.com/currencies/bitconnect/

[slow99]

But whew, finally unstuck from a position. Bought DNT at 14 cents, then it of course nose dives to 3 cents where it languishes for 4 months. Now its back up to around 30 cents. /sigh of relief.

Now that its had that first upsurge, and tanked ,and has surged again, the odds that it will ever go back down to lower levels are very small. Come on $5! Daddy needs to be rich

https://coinmarketcap.com/currencies/district0x/

[Broncojohnny]

This one still makes me laugh.

It baffles me because statements like this are based on absolutely nothing.

[Strychnine]

This one still makes me laugh.

Bought DNT at 14 cents, then it of course nose dives to 3 cents where it languishes for 4 months. Now its back up to around 30 cents. /sigh of relief.

Now that its had that first upsurge, and tanked ,and has surged again, the odds that it will ever go back down to lower levels are very small. Come on $5! Daddy needs to be rich

[Darren M]

Dollars and gold have no intrinsic value. Those two things along with cryptos are currencies. The difference is that I don't have to worry about waking up tomorrow with a dollar or gold being worth 50% less. Sure over the next 20 years the dollar or gold may lose that kind of value but not overnight.

The lack of regulation of cryptos seems fine to me. But I am not talking about regulation of the currency, I am talking about the "brokers" who trade it. There are going to be a lot of people who realize that numbers on a computer screen don't equal dollars in a pocket before this is all over.

Valid points. Like others, this is play money for me. Lose it all or win big. Either way, I'm playing.

[jewozzy]

And posts like this ...

https://coinmarketcap.com/currencies...ce-blockchain/

I was up 2.5x at the time of that post and prior to the entire market crashing. I still think it will be an extremely high return once everything corrects.

[Broncojohnny]

Common response. Two things to consider
1) What intrinsic value does the dollar have? Gold? (Google that)
2) The decentralization of crypto is a strength. While I agree SOME regulation could save the consumer from themselves, I question the regulators who allowed the last conventional market crash. And thw one before it, and the one before...

Just my .02

Dollars and gold have no intrinsic value. Those two things along with cryptos are currencies. The difference is that I don't have to worry about waking up tomorrow with a dollar or gold being worth 50% less. Sure over the next 20 years the dollar or gold may lose that kind of value but not overnight.

The lack of regulation of cryptos seems fine to me. But I am not talking about regulation of the currency, I am talking about the "brokers" who trade it. There are going to be a lot of people who realize that numbers on a computer screen don't equal dollars in a pocket before this is all over.

[bcoop]

Your attitude is the correct one to have. I.E. you aren't so much an investor as you are a gambler when it comes to these crypto currencies. There is nothing wrong with gambling, I do it often with options in the stock market. When you have your gambling hat on your mindset has to be different in comparison to when you have your investor hat on.

Yeah, it's pretty much fun money for me. I've put a grand total of $1100 in since September. I've wasted far more and gotten far less in return on other stupid shit, so... This really is gambling for me. Closer than a casino, with far less hassle and the bonus that I don't have to deal with people like at a casino.

Definitely not taking a second mortgage out on the house, or emptying my 401k just to buy in to the hype. Anyone doing that DEFINITELY deserves what they get. Maroons.

[Broncojohnny]

If people can't do their own research, they deserve what they get imo. I love and hate the hysteria around crypto at the same time. It provides me opportunities to buy, and it provides me opportunities to sell, both creating opportunities to make a profit. But with that said, there's a lot of people (including some in here) that shouldn't be offering advice because they don't have the first fucking clue what they are talking about.

Just like with anything else, if you're taking investment advice from facebook or Twitter, you're a special kind of stupid.

Your attitude is the correct one to have. I.E. you aren't so much an investor as you are a gambler when it comes to these crypto currencies. There is nothing wrong with gambling, I do it often with options in the stock market. When you have your gambling hat on your mindset has to be different in comparison to when you have your investor hat on.