HerrKuehn wrote: » Stop selling you idiots! arrggh
Bob24 wrote: » The difference is that everyone needs a home so demand is guaranteed at a minimum level defined by the current population. Not everyone needs bitcoins.
crushproof wrote: » At this point I've not much choice but to hold for the long term. No point in cashing out considering how much its already wiped off my profits. I'm taking a break from reading the forum (it will difficult to beat temptation to look) and checking my portfolio and shall come back in a few months and see where I'm at!
lifeandtimes wrote: » Someone told me there's a site or app that will lock your crypto for you without letting you access it for an extended time of you chooseing. Great idea for long term hodlers
banie01 wrote: » As opposed to a wallet or self controlled off line cold storage? It also prevents anyone using it from taking advantage of a short term spike in price and immediate selling. Its an app that there is really no reasonable need for, if one is using a wallet.
ligerdub wrote: » Ironic you used Newton as a reference, a man who lost his arse investing in the South Sea Company, one of the biggest bubbles to burst in the history of financial markets. That didn't shoot back up either.
lifeandtimes wrote: » Someone told me there's a site that will lock your crypto for you without letting you access it for an extended time
annie.t wrote: » How many South Sea Company bubbles there were in the history? Cause you know this is the third (or is it the fourth?) bubble in btc history right? And it's not the last one
lifeandtimes wrote: » Ehm it's the same as bank accounts that require you to give 1 months notice before you can access your funds. Some people cant trust themselves with their own wallet so the advantage is it stops people panic selling, like I said the point is long term holders who want to forget and check back in a year or whatever, not the day traders to take advantage of a spike and sell. Suits some and not others
BloodBath wrote: » You still think it's going to recover from this? Some people really are delusional. This is the first real bubble. No drops in the past are comparable. Makes me wonder if people are even capable of reading a basic graph.
banie01 wrote: » A bank account contains FIAT currency that isnt subject to rapid swings in value.(Loss or gains barring hyper inflation) Locking funds into a notice account also comes with the benefit of increased interest rates for the period the funds are "locked" earning you money whilst your funds are outside your control. Does the app you mentioned pay interest? Does it offer any advantage to a wallet other than a protection against "panic selling"? Does the app even offer an advantage over holding the coins on an exchange? The hodler mentality of just power through has some serious flaws in certain aituations, especially when an emergency strikes and immediate liquidity is needed. To be quite frank its ridiculous to lock away funds in an app because you are worried about panic selling. If someone has that little impulse control or knowledge regarding their investments, they should not be investing in the 1st place.
lifeandtimes wrote: » People can do what they want with their money and crytpo currency, just because they might be susceptible to panic selling and would rather put their coins away for a while doesn't give you the right to tell them they should be buying it Just because you think it's stupid doesn't mean that it is. The people who bought bitcoin years ago and sold say they wish they had just put it away and forgot, some people can be control themselves some can't and would benifit from it. Instead of having a go at me about something I mentioned maybe just say it's not for me and move on, infact it wasn't even you I suggested it too so :-P
Just because you think it's stupid doesn't mean that it is.
banie01 wrote: » Well what I'd like for you to do is outline a response to the points I made highlighting why the app is a poor choice? To defend your position with something other than I'm not having a go at you, I'm having a go at the advice you offered and if you can address the questions asked then I'm happy to maybe change my mind. You know, the way discussion usually works?
lifeandtimes wrote: » Crushproof said "I'm taking a break from reading the forum (it will difficult to beat temptation to look) and checking my portfolio and shall come back in a few months and see where I'm at!" I commented on their post about something that might suit them. I don't have to prove sh1te to you as it didn't concern you at all. Laters!
annie.t wrote: How many South Sea Company bubbles there were in the history? Cause you know this is the third (or is it the fourth?) bubble in btc history right? And it's not the last one
annie.t wrote: » No it's not the first real bubble. And its called a chart btw Chart above is just an example About "no drops in the past are comparable" part - how long are you in crypto? are you even? We are going even lower imo but its not the end.
Arrival wrote: » Why do people like you try to talk about things as if you know what you're talking when you don't know what you're talking about? Can you even name ten different cryptocurrencies besides the most known one's (BTC, ETH, LTC, XRP)? I ask this because someone who cannot do this proves that they haven't even done the most basic research and so their opinion is worthless -- for the same reason my opinion on rugby is worthless, I haven't got a clue about it so I don't bother trying to seem like I do. Do you even own any yet? Anyway, yeah some people are delusional. That's great. Thanks for that insight.
BloodBath wrote: » Doesn't matter whether I'm in it or not. I'm stating opinions the same as you are. My instincts are usually good. It's nearly late March now. Where is this recovery? All it is now is a bunch of greedy speculators flogging a dead horse and people who lost money desperately hoping it goes back up. The time to invest is gone. The smart money has moved onto other things. I may be wrong and you can come back in December and show me how wrong I am but I'll stick by it now. I don't see it going back above 10k this year.
Pintman Paddy Losty wrote: » Down below $7500 now. Deary me... looks like this "correction" is not done yet... This is a good observation on the HODL culture.
BloodBath wrote: » All it is now is a bunch of greedy speculators flogging a dead horse and people who lost money desperately hoping it goes back up. The time to invest is gone. The smart money has moved onto other things. I may be wrong and you can come back in December and show me how wrong I am but I'll stick by it now. I don't see it going back above 10k this year. We'll see who is right. We can all link charts.
BloodBath wrote: » Your opinion is also worthless. It's nothing but speculation on everyones behalf. At least I can acknowledge that. You think you're an expert? So tell me what the valuation will be come December Mr. expert? I have predicted 1000% increases in multiple shares albeit not currencies in the past and I'm not an expert.
smacl wrote: » You could well be right, but if we're playing a game of link the chart, here's one taken right now of ETH/EUR over the last year. You reckon you have good instincts for reading charts, which to be fair is about as scientific as reading tea-leaves without more background information, but would you like to place a few tentative points on this chart for April / May / June 2018? Personally, I wouldn't be surprised to see levels close to July-Nov 2017 or another 35% or so drop. I also don't see any reason why an event such as the one that occurred this December won't happen again in a couple of years time. If you can think of a reason, I'd be keen to hear it. While I strongly suspect there will be similar spikes at some point in the future, the question is whether it will be in the current leading coins or among the alts. To say there won't be such events is to imply that crypto-currency is terminally defunct, never to return, which I personally think is extremely unlikely. Again, if you think differently, what is the rationale on which you've come to that conclusion?
BloodBath wrote: » I never said my instincts were based off of reading charts. I predicted a 1000% increase in AMD shares twice and Teslas once but that had very little to do with charts and more of a belief in the companies future products and business plan combined with a currently low bottomed out share value. There is nothing scientific about predicting currency values especially in relation to cryptos unless you have the power and wealth to manipulate the markets. I also never said crypto was doomed. It's obviously the future of currency. I just don't think it will be the current big ones and my critic is mainly aimed at bitcoin and the currencies connected to it like Ethereum. Congrats to those who made a killing on them but imo neither 1 will ever again see the highs or growth they had last year. There are other more exciting prospects.
grindle wrote: » There seem to be a fair few blow-ins who seem to think all cryptos are only being used as investment vehicles and failing as simple currencies, in which case ye should probably pipe down and read up on the industry?
drunkmonkey wrote: » Where does Etherum Classic come into of all drops on the top coins today that’s dropped the least by a good %
