Why does everyone try to say that everytime it goes down? its still considered a gamble, you cant really tell people its a good investment.

 

The probability of doubling the value is not higher than to loose everything. Bitcoin is not an investment, it's a gamble. There is neither an industry nor is there a national economy to back it.

So I would recommend to take the $$$ to Las Vegas. At least you will have more fun there losing your money.

 

Last edited: Feb 6, 2018

actually,
if people lose more money with Bitcoin, the money is not lost but another one will get it.
Most likely contract killers, war weapons dealers, international drugdealers etc. as they are heavily invested (have been under the first) in Bitcoin by design of their "business".
So one should always think twice if he/she should waste money with BC.

Once again I'm not against crypto currencies (but against BC as it is at least dirty money). But I won't recommend to buy any at the moment.

 

Last edited: Feb 6, 2018

Double down FTW!

 

https://www.tradingview.com/chart/B...tm_campaign=notification_follower_idea_update

 

Ahh, lines on a chart. Backtrack to peak price; now forward a few days. Draw same lines. OMG BUY!
Smells like ... Science!

 

@Magic Mango
If technical chart analysis would be always - or at least most of the time - right, computers ought to be the richest people in the world. They aren't. qed.

 

When I think I bought some porn with bitcoins back in 2009 and I had a few left in a .wallet file somewhere.
I've kept almost all my hard drives since then and searched for lost files a few times with no luck.
three of those drives are bricked and I keep dreaming they might be within them and that maybe I'm an unwitting millionaire

 

It is always funny to see the SAME PPL telling you some months ago Bitcoin was not going to fall, telling you NOW it lost half value that it will now RAISE !!!
They failed once, ppl who followed them lost half their money ... but now they try to catch ppl who didn't listened to them because you know : it is cheap now ! it is going to RAISE ! (even if they failed miserably some months ago).

Yeah... science...
PS : did you see Dow Jones downfall ? Around 2000 points in 5 days... lol ...
Science again...

 

I tried to buy some Bitcoins some years ago but it was too complicated at that time and I didn't really trust the seller. So I did not.

If we think too much about opportunities we didn't take advantage of we may miss the next one

Good luck finding your coins mate.

 

u mad?

 

Bitcoin is not going to go anywhere...it may become the myspace of crypto but obviously that remains to be seen...but with it not being profitable to mine currently that doesn't fare well IMO. But trades are going to keep it alive for a while i think.


https://walletinvestor.com/forecast/bitcoin-prediction

 

latest movements in dow jones are scary to say the least, a financial crisis could be imminent

 

I've recently seen the documentary "An Open Secret", about Hollywood child abusers, and it turns out one of the producers who was involved in several cases is an important investor in bitcoins now. Besides, many people dealing in child pornography in the deep web and other dirty business use bitcoins as a payment method. I wouldn't touch a bitcoin with a ten-foot pole. And everybody else should do the same. Nothing would make me happier than a bunch of rich people losing their money in a bitcoin crash. - And if you have invested in bitcoins, you DESERVE losing yours if after hearing about this fact (and checking it afterwards, if you do not believe me) you do NOT withdraw your investment. Period.

 

Yeah, because before bitcoin there was no such thing as child abuse and illegal drugs and weapons sales.
Spoiler : actually, people pay dollars for child rape in south-east asia. Would you also ban dollars for this very reason ?

 

I won't go that far saying normal(non criminal) people deserve to lose money.
But everyone should think twice before gambling with a system originally made for criminals and even now widely used by criminals. It stinks a bit.
Besides the question of losing or gaining money with Bitcoin, I think it's unethical to make money with Bitcoin because at least a part of Bitcoin is bloodmoney. I don't like to be part of that environment.
If one wants to play with blockchain currencies there are alternatives enough.

Dollars were not intended especially for and were never dominated by criminals.
So no, I won't ban $$ and won't do it for other Blockchain applications.

 

Last edited: Feb 7, 2018

Well, maybe one or few months later and maybe Bitcoin is indeed back to where it was? I would be careful with this. You will never know, unless you have a glass bal. But if so? May I borrow it?

Decreases are normal and it's a big part of the market. Bitcoin is at an incredible high price right now whereby decreases could be higher than usual and it can lose way more of it's value very fast. That can make it really look like it's bad or something. It doesn't have to be like that. However, it can go up again before you know it aswell. I won't say it will happen. It could be. Actually all these years Bitcoin was only rising and rising. Of course there was coming a day where it was going to drop down by a high amount. But at this point I think we still couldn't say if it's a healthy correction or if it's now really starting to crash or something. Time will say.

 

Last edited: Feb 9, 2018

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