Crypto-currencies: The future is now

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parrot
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Re: Crypto-currencies: The future is now

Post by parrot » June 11, 2018, 2:39 pm

glalt wrote:
June 11, 2018, 12:26 pm
How long before Bitcoin totally fails and is worthless? I guess that I am not smart enough to understand how something with nothing backing it can be worth anything except wet dreams.
I read somewhere recently that a non-trump person can never convince a trump person otherwise. Likewise, I believe, with crypto-currencies. When amazon listed for $18 and wasn't turning a profit, at least I could see (understand) a potential in the company. Now I want to kick myself in the pants for not investing early. If I remember correctly, khondam (udon member) was an early advocate of bitcoin back when it went 'public' and was selling for about $400. I didn't understand the concept then........and didn't feel a bit of regret when the price spiked to nearly $18000 tenish years later. If people can make money on it, not at my expense, then more power to them. As Daymond John might say:
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glalt
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Re: Crypto-currencies: The future is now

Post by glalt » June 11, 2018, 6:26 pm

I had an opportunity with Apple stock. A friend of mine started buying early and tried to talk me into buying. He insisted that the stock would go up to $200 a share. I think the price back then was about $25 a share. He became an Apple stock millionaire. He was working in Iraq at that time. He was making a lot of money there but, his job was dangerous. When the job was finished, he moved to South Korea with his Korean wife. He was in his early fifties. While there, he developed an aggressive type of cancer and died within a year. He left his wife VERY well off. He never had a chance to enjoy his money. I have always been and still am conservative. And NO, I am by no means wealthy. I always remember that old saying that if the dog had not stopped to take a crap, he would have caught the rabbit.

ytrewq
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Re: Crypto-currencies: The future is now

Post by ytrewq » June 15, 2018, 9:31 am

glalt wrote:
June 11, 2018, 12:26 pm
I guess that I am not smart enough to understand how something with nothing backing it can be worth anything except wet dreams.
That fiat in your pocket is backed by a "promise". Not gold, land, or anything tangible. It has no value other than participants agree it has value. It has been and remains the #1 vehicle of choice for transferring value between drug dealers, terrorists, and other criminals. It is 100% anonymous and leaves no trail when transferred from person to person.

Historically, money has been everything from massive carved circular stones weighing tons - to tulips that eventually whither and die - to clumps of shiny metal dug from the dirt.

Most people have no idea whatsoever about the concept of money. Imagine a Roman's reaction to your handing him a $100 piece of colored paper, or better yet: your whipping out your check and writing whatever value you care to deem. How ridiculous is that, really?

Your admitted ignorance about crypto currency is not unusual other than you can admit it. However, more and more people are educating themselves and afterwards agreeing crypto currencies have value and far better than fiat. That is the very definition of money.

Educate yourself, or remain ignorant. Those are your clear choices. The proliferation and adoption of this new form of money will continue, regardless.

:lol:

glalt
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Re: Crypto-currencies: The future is now

Post by glalt » June 15, 2018, 7:29 pm

I choose to remain ignorant. I can put my paper money in my pocket and easily spend it in whatever country it was issued. As for the dollar, it is good in many other countries. Gold is good but it is too difficult to easily spend. Man created the crypto currency and man can also eventually hack it. It is probably being hacked now.

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Stantheman
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Re: Crypto-currencies: The future is now

Post by Stantheman » June 16, 2018, 5:06 am

For me Crypto-currency is not much different then the stock market, its all "Paper" money. Wonder if anyone, maybe ytrewq, has actually converted the currency to something real like a house or car.

glalt
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Re: Crypto-currencies: The future is now

Post by glalt » June 16, 2018, 9:13 am

Stantheman wrote:
June 16, 2018, 5:06 am
For me Crypto-currency is not much different then the stock market, its all "Paper" money. Wonder if anyone, maybe ytrewq, has actually converted the currency to something real like a house or car.
I would think that people holding Bitcoin were quite sick when it went from $18,000 down to $6,500.

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Re: Crypto-currencies: The future is now

Post by ytrewq » June 17, 2018, 5:09 am

Already addressed in my previous posts, Skippy:

crypto-currencies-the-future-is-now-t31 ... ml#p505139

"Nobody who has been in it since pre-2017 cares"

and

crypto-currencies-the-future-is-now-t31 ... ml#p506320

"Futures, the first vehicle to enable smart money to short crypto, became available when crypto peaked. It is insane to expect crypto to do anything other than go down from there."

[Read entire post for context]

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Re: Crypto-currencies: The future is now

Post by ytrewq » June 17, 2018, 5:41 am

This is where crypto is at right now:


http://www.businessinsider.com/ico-dotc ... eum-2018-6?

'Selling crypto now is like selling Apple in 2001'

I think some guy is misquoted as saying "10 years ago". I think he meant/said 20 years ago.

Eos.io is the future. Do your own DD.

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