Crypto-currencies: The future is now

This section is for general money matters, finance and investing.
ytrewq
udonmap.com
Posts: 169
Joined: May 27, 2017, 6:04 pm

Re: Crypto-currencies: The future is now

Post by ytrewq » December 13, 2017, 6:27 am

LTC spiked to $325+ today.
BTC is currently $17.5k+

Must be a lot of crypto-currency millionaires being created this year... ;)

The whole world seems to be waking up to crypto. Zimbabwe, Venezuela, Japan, South Korea, China, etc. are well on the bandwagon. As the EURO and USD disintegrate under incompetent leadership, crypto will become the new safe haven.

If just 5% of the world's currency is crypto, BTC share of that makes it necessarily $1M+ per coin. Think about that...

User avatar
parrot
udonmap.com
Posts: 8514
Joined: March 19, 2006, 8:32 pm

Re: Crypto-currencies: The future is now

Post by parrot » January 2, 2018, 8:11 pm

For kicks, I asked google, "how to create a crypto currency?" When I found out how relatively easy it is to create one, I asked, "how many are there?" As of the end of 2017 there were 1381.........and growing. The mind boggles! One of the millions of "how does it work?" links led me to this:

https://www.nbc.com/late-night-with-set ... rk/3640247

User avatar
delboytrotter
udonmap.com
Posts: 147
Joined: December 3, 2017, 12:10 pm

Re: Crypto-currencies: The future is now

Post by delboytrotter » January 2, 2018, 11:34 pm

I have had cripto for many years.IMO the next one to look at is Loyal Coin which will launch on Feb 11th. It has already been excepted by outlets such as 7-11, Starbucks, T J Fridays to name but a few. Seminar Launch in BKK next Saturday, well worth a look.
TIT BUTCHERS & DRY GOODS: FACEBOOK: https://www.facebook.com/trottersudonthani/ | PHONE 065-250-6104 | HOURS: 10AM to 6PM Tuesday thru Sunday / Closed Mondays. | GPS: Lat: 17.388260 Long: 102.764710

User avatar
fatbob
udonmap.com
Posts: 1928
Joined: July 14, 2009, 7:19 pm

Re: Crypto-currencies: The future is now

Post by fatbob » January 4, 2018, 9:54 am

xrp Ripple is having a good run, number 2 to bitcoin, go go go you good thing....

pipoz4444
udonmap.com
Posts: 248
Joined: April 8, 2011, 1:33 am

Re: Crypto-currencies: The future is now

Post by pipoz4444 » January 6, 2018, 3:44 pm

fatbob wrote:
January 4, 2018, 9:54 am
xrp Ripple is having a good run, number 2 to bitcoin, go go go you good thing....

Granted XRP Ripple is way up on last years value, but it took a bit of a correction on Friday
XRP Ripple Chart 1.png
XRP Ripple Chart 1
XRP Ripple  Chart Friday.png
XRP Ripple Chart Friday
But agree with you that is on the move heading upwards, even more.

Its still nearly 10 times its value from in early December 2017

pipoz4444 \:D/

User avatar
fatbob
udonmap.com
Posts: 1928
Joined: July 14, 2009, 7:19 pm

Re: Crypto-currencies: The future is now

Post by fatbob » January 6, 2018, 4:04 pm

pipoz4444 wrote:
January 6, 2018, 3:44 pm
fatbob wrote:
January 4, 2018, 9:54 am
xrp Ripple is having a good run, number 2 to bitcoin, go go go you good thing....

Granted XRP Ripple is way up on last years value, but it took a bit of a correction on Friday
XRP Ripple Chart 1.png

XRP Ripple Chart Friday.png

But agree with you that is on the move heading upwards, even more.

Its put a smile on my face, could be a new bike soon....
Its still nearly 10 times its value from in early December 2017

pipoz4444 \:D/

ytrewq
udonmap.com
Posts: 169
Joined: May 27, 2017, 6:04 pm

Re: Crypto-currencies: The future is now

Post by ytrewq » January 7, 2018, 5:09 am

So, devil's advocate and conspiracy theorizing here, if Putin conspired to take down America, he would go after its tools of power: credibility and money, and then facilitate or engineer a crisis which would cause enough panic for the world to dump enough value into an alternative currency to cause the dollar to finally collapse. Just sayin'... :-$ :confused: :-#

Go crypto, go!

User avatar
Giggle
udonmap.com
Posts: 370
Joined: October 18, 2016, 4:24 pm

Re: Crypto-currencies: The future is now

Post by Giggle » January 7, 2018, 12:09 pm

I think get-rich-quick schemes are the way forward for all serious investors. Diversify your portfolios by not converting all your cash and investments to bitcoin on the same day. Do it over a period of several days or even a week. What could possibly go wrong?

User avatar
wazza
udonmap.com
Posts: 8999
Joined: April 2, 2006, 9:06 pm
Location: Cuba- Drove around in an Ol 55 Chev - On the Prowl
Contact:

Re: Crypto-currencies: The future is now

Post by wazza » January 8, 2018, 12:30 am

Read this today LOL

Want to know about BITCOIN ?????

A lot of monkeys lived near a village

A villager announced that he will buy the monkeys @ $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys at $100 each?

Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey. and sold it to the merchant.

After a few days, the merchant announced that he will buy monkeys @ $200 each.
The lazy villagers also ran around to catch the remaining monkeys!
They sold the remaining monkeys @ $200 each.
Then the merchant announced that he will buy monkeys @ $500 each!

The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got $500 each.
The villagers were waiting anxiously for the next announcement.

Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ $1000 each!

He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.
The merchant went home.
The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.
Then the employee told them that he will sell some monkeys @ $700 each secretly.
This news spread like fire. Since the merchant buys monkey @ $1000 each, there is a $300 profit for each monkey.
The next day, villagers made a queue near the monkey cage.
The employee sold all the monkeys at $700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!

The villagers took care of their monkeys & waited for the merchant to return.
But nobody came! ... Then they ran to the employee...
But he has already left too !
The villagers then realised that they have bought the useless stray monkeys @ $700 each and unable to sell them!


The Bitcoin will be the next monkey business

It will make a lot of people bankrupt and a few people filthy rich in this monkey business.
That's how it will work.......................... ...

ytrewq
udonmap.com
Posts: 169
Joined: May 27, 2017, 6:04 pm

Re: Crypto-currencies: The future is now

Post by ytrewq » January 8, 2018, 5:33 am

Your attempt at humor is flawed in so many ways. You don't offer up the average buy price, so whether or not the merchant made a profit is unknowable.

A lesson learned from the Internet bubble days: Profit is profit. Only fools make distinctions between "rational" or "irrational" profit. There will be winners (e.g. Amazon, Google, etc.) and losers (e.g. Barnes & Noble, Yahoo!, etc.). BTC is perceived to be the Google of crypto, and it is up over 1,400% YoY (and much more if in it since before 2017).

So, yeah, FUD all ya want, but the crypto market doesn't give two [expletive] what is posted here pro or con.

I think a severe economic event will happen by or between July-September this year which will moonshot crypto much higher. It's all sourced speculation on my part, but that's core to the fun of living life. I cannot lose because I already won. ;)

User avatar
wazza
udonmap.com
Posts: 8999
Joined: April 2, 2006, 9:06 pm
Location: Cuba- Drove around in an Ol 55 Chev - On the Prowl
Contact:

Re: Crypto-currencies: The future is now

Post by wazza » January 8, 2018, 8:34 am

It was a copy and paste . Not mine.

Just put out there

User avatar
fatbob
udonmap.com
Posts: 1928
Joined: July 14, 2009, 7:19 pm

Re: Crypto-currencies: The future is now

Post by fatbob » January 8, 2018, 9:26 am

You only ever play with what you can afford to loose, and if your lucky you win, bit like backing a horse.

User avatar
Giggle
udonmap.com
Posts: 370
Joined: October 18, 2016, 4:24 pm

Re: Crypto-currencies: The future is now

Post by Giggle » January 8, 2018, 1:17 pm

If you're smart with investments, you diversify. If you're too uninformed to understand how it works, you liken it to Vegas, a horse race, or some other game of chance. There are inherent risks in all forms of investments -- the risk of investing too conservatively is a risk -- and should be understood before venturing out to the track (er, broker, bank, or mutual fund). If you treat investing like a game of chance, your investments will behave like bets in a casino; they'll disappear before your eyes. People who take investing seriously know that if a scheme sounds too good to be true, it probably is. Ask Prisoner #61727-054 at Butner Medium, near Raleigh, North Carolina, he also answers to Bernie Madoff. I might consider investing in bitcoin but it wouldn't be a measure of blind chance, rather a calculated (high) risk, and would comprise no more than 1 percent of my portfolio. I have little confidence in the underlying fundamentals.

User avatar
fatbob
udonmap.com
Posts: 1928
Joined: July 14, 2009, 7:19 pm

Re: Crypto-currencies: The future is now

Post by fatbob » January 8, 2018, 7:58 pm

Giggle we are talkng crypto currency's here, not stocks or bonds, investing in crypto's is like backing a horse, its all opinion, nothing more, they could go pear shaped any time.

User avatar
Giggle
udonmap.com
Posts: 370
Joined: October 18, 2016, 4:24 pm

Re: Crypto-currencies: The future is now

Post by Giggle » January 8, 2018, 8:08 pm

I agree it's risky, but so too are other investment options. If you're nimble enough, and want a rush in a country where its not illegal, why not? It doesn't suit my investing style, but I'm not so narrow minded to think some people have already made loads on it already. I'd be very worried about holding the poopy end of the stick when the music stops.
Elvis warned that "only fools rush in."
Don Quixote considered it a virtue to "run where the brave dare not go."

Up to you.

Post Reply

Return to “Money, Finance & Investing”

Who is online

Users browsing this forum: No registered users and 1 guest