1. Bitcoin is future: FALLS 35% IN LIKE 3 DAYS, OTHER CRYPTO CURRENCIES GIVING COMPETITION AND MANY ARE ACTUALLY BETTER THAN BITCOIN
2. Bitcoin is digital gold: GOLD HAS BEEN USED AS A STORE OF VALUE EVEN BEFORE 2630 BC–2611 BC TO TILL NOW, BTC LEGS ARE SHAKING WHILE IT'S JUST 8 YEAR OLD BABY
3. it will keep going up: CURRENTLY 35% DOWN, IT WILL BE GREAT TO SEE IF IT GOES MORE UP, MORE PEOPLE WILL INVEST AND LOSE MONEY, NO SYMPATHY FOR SPECULATORS, HISTORY IS BEING MADE AND MORE IT WILL GO UP, MORE INTERESTING WILL BE THE HISTORY OF THE RISE AND COLLAPSE OF BUBBLE
4. is a safe investment: PLEASE READ SOME FINANCE/INVESTMENT BOOKS
5. good for speculating and making quick money: REALLY? WHICH CRYPTO HAS MORE CHANCE TO GIVE HIGHER RETURNS, A CRYPTO AT $0.40 OR A CRYPTO AT $19,000. IT'S EASY TO GET DOUBLED FROM 40 CENTS TO 80 CENTS THAN TO DOUBLE FROM $19,000 TO $38,000
6.Bitcoin is currency: VERY VOLATILE, HIGH FEES FOR SMALL TRANSACTIONS, IS BACKED UP BY NOTHING
7. bitcoin is unstoppable: GOVERNMENTS LOVE TO CONTROL EVERYTHING, IT'S JUST A MATTER OF TIME WHEN SEC WILL SUSPEND TRADING OF ANY CRYPTO AND THIS MANIA WILL BE STOPED FOREVER. BITCOIN IS LIKE SILK ROAD, MORE IT WILL GET BIG, MORE IT WILL GO TOWARDS IT DEATH
I really hope the best for you and that you can achieve a positive mindset for your future. The fud got to you big time and you will become just an empty shell on this path
Wave-Expert
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@Pfeffernase, I have done various investments ( stocks, bonds, commodities) ( not speculations) and they are doing pretty great, I don't want to break my investment rules and thus can not participate in bubbles. I have seen many of my friends getting empty in trading cryptocurrency especially in recent declines in bitcoin and bitcoin cash. It's just a matter of time when many others will but I wish best wishes for your trading.
Pfeffernase
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@Wave-Expert, you come from stocks, yet you call this a decline, come on :PP i smell a zealot when i see ones. takes one to know one
Wave-Expert
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@Pfeffernase, stocks have some instinct value, the more stocks go down of great companies, the more i can keep buying but for me, this coin scam has $0 base value.
Pfeffernase
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@Wave-Expert, if you say so :). so wait for the consolidation, maybe even "crash", take your time to inform yourself, then take 10% of your stock portfolio and go in. It's just an opportunity for you and with your experience you should do just fine. If it's a bubble you don't lose much, but you have the potential for your crypto portfolio to overtake your "instinct value based stock portfolio" (im giggling while i write this bro).
You're smart, young, you have experience, and you see the POTENTIAL of this market. Don't make it personal, you're not roger ver.
Also you could buy some good looking glasses from your cryptomoney ;DD
Wave-Expert
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@Pfeffernase, ON crash DAY, there will be a lot of sales on stocks, just like boxing day sales, and I am ready for the next crash ( with my money injections to pump into the market). I understand that crypto has potential to give me big returns just like every bubble has to tough new high before bursting, but I want downward safety potential too, which sadly crypto don't have. Bitcoin lost 50% in few days, bitcoin cash lost more than 50% in few days as well. For me this is speculation and I don't want to gamble with my money. At end of the day, it's all about my rules, what the books I have read teach me? am I going to follow my mentors or am i going to act like pigs ( herd)? And honestly, I am happy with a steady return and sticking to my rules than get rich quick scheme.
m4z3n43
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@Wave-Expert, And so if BTC's network and/or price were to crash & burn more critically than it has - We'd still be left with the most disruptive financial innovation in several centuries..??
Wave-Expert
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@Pfeffernase, "you will become just an empty shell on this path" I love your comment now
Pfeffernase
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@Wave-Expert, i'm 110% sure i was high when i wrote these comments