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Showing posts with label shitcoin. Show all posts
Showing posts with label shitcoin. Show all posts

May 24, 2017

500 bucks to lose thread

Hello,

A few times in a month I lurk biz only on 4chan.

I've seen some good shot calling on some
crypto's that have been mooning.
But I always was sceptical about it hence I'm broke.

What do our fortune tellers and their orb have for me? Not looking to make profit quickly but always welcome.

Got a 500$ to invest.
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I invested 300 two days ago, now at 400. Have no clue what I'm doing.
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Im waiting for BTC and ETH to crash, then I buy
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>>2167537
Truly amazing how both of them made progess, especially ETH.

I can remember the hard fork when the value of each ETH was around 8$ at lowest.

Really regret that I didn't invest at that moment.
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>>2167524 (OP)
Mooncoin? VOX


Safe investments? ETH, XRP
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>>2167698
XRP seems very interesting, it's supported by banks right?

Any idea if it will breach the 1$ mark?
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Ripple is probably a really good one for today. It's sat at 14000 sats for two days straight. I doubt it'll go lower.
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>>2167535
Nobody does. It's the new dotcom bubble. Everyone's trying to scam each other into buying their pajeetcoins on /biz/.

Enjoy the ride, throw some money down the ETH hole, and forget about it. In 6 months we're either going to Vegas or the fucking moon
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>>2168096
Where do you see ETH in 6 months?
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>>2167524 (OP)
>What do our fortune tellers and their orb have for me? Not looking to make profit quickly but always welcome.

Go sign up at gemini, get verified, throw a few grand at ETH and see where it takes you. EEA's going big, and if we can figure out how to use ethereum's contract system for something practical, it'll be yuge.

>>2168126
500/coin.

I'm coming down off some shrooms atm, but I'll try to explain as best I can: The technology behind ETH is pretty novel and the fact that they have industry-backed support is crucial to its long-term success. But it's going to take developers 3-5 years to learn how to use the infrastructure, the same way it took them to find a practical usage for Amazon's Elastic shit.

It's a long hold. I'm going to end up throwing a few more grand down the pit before I'm done, but in a few years' time, with the right adoption, and with a practical use case, it has the potential to be yuge.
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>>2168171
Thanks dude, will look into it.

What do you think of XRP?

Bagholder Cream Crop

Seen this fucking guy on here saying we're due to pop? Not so fucking fast faggot. Institutions have only just started getting involved, that first sell off hasn't come, media still isn't interested, the public has no fucking idea. Fucking hell /biz/ is going to be full of lunatic fucking millionaires by the time this jig is even close to up, mania phase is going to be fucking sick.
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t. totally not about to lose money when the bubble burst
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>>2167293
I'll ride this bitch all the way to despair, eat shit nocoiners!
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>>2167283 (OP)
we entering media attention & euphoric phase.
fast your seatbelts
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What does this graph look like to you?

Does it look like its at take off? No
>>2167385
>media attention
Bitcoin has been in the media for years, I watched a 1 hour show on Bitcoin just 2 days ago on TV

It's nice that everyone is making money currently, but this will also come crashing down eventually as this kind of growth is not sustainable
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>>2167293
haha the bubble was just a meme from yesterday get out oldfag
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>ftw I only have 155 ETH

I want a lambo too :(
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But this literally is a new paradigm.
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>>2167402
>Bitcoin has been in the media for years, I watched a 1 hour show on Bitcoin just 2 days ago on TV

what was the show ?
if you live in the silicon valley, lots of people know about bitcoin, but most of the world have no idea
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>>2167402
>Bitcoin has been in the media for years
True, but for the wrong reasons. Bitcoin made the headline in one of our top newspapers, still speaking about it like a scam. The title even mentioned the first bubble, the tullip one. It's still not regarded as the future of money, it's still considered a ponzi scheme. We're close to the take off, but still a long way to go.
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>>2167402
I love it when people claim that this growth isn't sustainable. You fail to understand that this growth is only a shift out of fiat and into crypto. No value is being created. It is only people transferring money they already have into a different asset/currency. This can continue as long as people think that crypto is a better store of value or investment than zero-interest bank accounts and stocks and bonds. A correction might come, but only because people lose confidence and that is still a distant future.
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>>2167283 (OP)
>media still isn't interested

http://www.businessinsider.com/cryptocurrencies-and-market-weirdness-2017-5?IR=T
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>>2167457

http://www.imdb.com/title/tt4654844/

>>2167459

No, media has shown both good and bad sides of crypto for a long time, claiming that it's only been shown as a scam is completely false.

>were close to the take off

You do realise thing go up and down all the time? And right now we are way past take off and people have begun shorting BTC since a fall is expected

Once the crash is complete a new support will be found and then this whole thing starts over again

>>2167481

Stop being delusional, a part of the BTC holders are doing it because of that (eg chinese) but once they feel safe again they will withdraw from Bitcoin.

A total crypto market cap increase of x3-x4 in the matter of 3 months is not sustainble at all, you actually have to be retarded to believe this. It's being fueled by people wanting to earn quick money, which is a snowball effect and this snowball will do the same in reverse once people get weak hands.
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>>2167457

Also

>but most of the world have no idea

That's funny, I was at the hairdresser the other day and she knew about it after I mentioned investing in crypto, and she knew it from a friend who told her. She even knew about ETH

A hairdresser with no interest in crypto or tech other than iphones knows about crypto, claiming that its not mainstream is false, most people have heard about Bitcoin 1 way or the other but their knowledge might be small
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I hope it's a bubble. That means when it pops, I can buy big at the bottom, wait it out for a year or two, and still make nice money.
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>>2167657
wtf where do you live ?
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>>2167712

sweden
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>>2167657
This is true, my father knew about ripple 3 weeks ago from the news paper, he's your average manolo (Spain).
Shit's going to crash, when? I don't know as far as I know even if they know about it they don't know how to invest on coins, it's far too complicated for your typical citizen.
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>>2167431
That's more than enough for a Lambo in a few years.
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>>2167644
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>>2167481
Yeah been thinking about this. Banks gonna lose a lot of money in the decades to come.
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>>2167907
Banks gonna make less money, you mean. They still have 30% profit margins thanks to ignorant/fearful goyim.
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>>2167283 (OP)

Because as of now cryptos are full of promises without having achieved anything significant, and also because institutions are afraid of open systems without central management where they have no control and where consensus is tedious and sometimes destructive.

Y'all as dumb as you sound on this board really.
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>>2167431
>>2167875
enough to buy a lambo but not enough to live the lambo lifestyle
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>>2167644
>And right now we are way past take off and people have begun shorting BTC since a fall is expected
There's going to be a lot of people that go broke from shorting bitcoin, I hope you aren't one of them. Meanwhile if bitcoin goes back to $500, which I doubt, I'll have only doubled my initial investment from trading memecoins.
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>>2167283 (OP)
You really think *this* is the wave where eveyone and his dog gets involved with cryptocurrency?

Personally I don't think we're there yet. I guess it will boom and crash and boom and crash at least a couple more times.

I don't think we will see mass normie adoption for at least another 5 years.
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>>2168056
holy fuck dude you're a moron
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>>2168130
> Because as of now cryptos are full of promises without having achieved anything significant

For most cryptos, he's not wrong.
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>>2168117
You're right in that there will be greater moons years in the future, but this one is already close to climaxing.
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>>2168056
>nocoiner not even bothering to pay attention
>institutions are afraid and staying out
>meanwhile citibank, Microsoft, Goldman Sach, and more are getting involved
You're going to regret having hundreds of people a day tell you to invest in the Google/Microsoft of your day and still not doing so.
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I do not understand why everyone is so afraid of "normies" buying into crypto. You do realize the success of crypto currency is contingent on mass adoption? This ain't some equity in a company that may or may not be valued correctly.
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>>2168183
Because after all the normies have bought in there's nowhere to go but down.
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>>2168193
Normalfags have obviously not bought in or it would be a far higher value than it currently is. At this stage its like back in the early nineties when most people were saying, "Yeah, I've heard of that internet thing" but with very few people actually having it.
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>>2168193
Crypto market cap is $90 billion. World market cap is $70 trillion. It WILL continue to go up, so it may as well be a nice ride as more jump in.
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>>2168193
You still haven't backed up that logic though. If they buy into crypto currency as a currency it means they are using it as a store of value and a way to transfer it. If you look at it as a vehicle for investing, more "normies" simply means a higher market cap and more money.

You're assuming that after they realize it won't be an easy investment vehicle they will sell and cause it to crash?
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>>2167283 (OP)
Actually more posts like these point to the fact that we are in the "NEW PARADIGM!!!!" stage
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>>2168211
Yeah I'm not saying it's close to happening yet, just that somewhere down the line someone will be left holding some very very heavy bags.

It's zero-sum, but everyone can pass on their bags to the newbies, until there are no newbies left.
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>>2167402
This guy gets it.

We are at the top.

People buying in now are clueless normies, idiots and laggards.

>Bitcoin has been in the media for years, I watched a 1 hour show on Bitcoin just 2 days ago on TV

This, mainstream knows about Bitcoin now. Bitcoin is nothing "obscure" anymore.

>It's nice that everyone is making money currently, but this will also come crashing down eventually as this kind of growth is not sustainable

Completely agreed. This might correct 50-70% easily. Very easily.