We get it you don't like bitcoin and aren't going to invest. Some of us are more than happy though to take a shot at a high risk high reward opportunity.
Cryptocurrency
- Thread starter Playboi Carti
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We get it you don't like bitcoin and aren't going to invest. Some of us are more than happy though to take a shot at a high risk high reward opportunity.
I'm glad to see that you're so happy that I'm losing money. I'm still going to hold and wait for new all time highs
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For me it's an investment. I'm looking to make a quick short term buck. If it blossoms into more then so be it.
I personally think the whole blockchain thing of being able to trace an item back through it's history is dumb.
FWIW getting into bitcoin has still been a big success for me. I had $2100 in bitcoin (1.5 BTC) last year, sold 0.5 of it at $6000 to lock in a 50% gain, and am still 500% up on the rest (checks price again...um, make that 400%).
I'm going to ride this sinking ship all the way to the bottom, though.
I'm going to ride this sinking ship all the way to the bottom, though.
This is the crux of the BTC issue -- the people who got in it in the past are still doing well (which is why hardware prices haven't dropped -- no one is selling yet, 'cuz it's still profitable). This is also why blockchain tech won't disappear overnight, even due to massive drops.FWIW getting into bitcoin has still been a big success for me. I had $2100 in bitcoin (1.5 BTC) last year, sold 0.5 of it at $6000 to lock in a 50% gain, and am still 500% up on the rest (checks price again...um, make that 400%).
I'm going to ride this sinking ship all the way to the bottom, though.
That being said, making fun of the "entrepreneurs" that bought BTC at $15k+ who are panicking now is always funny.
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LincolnWay187
Guest
There's two types of people involved in crypto: entrepreneurs (think they are creating a new form of currency), and investors (just in it to make quick cash, right or wrong).
I can't fault the investors for anything -- making money is making money. There's room for that. People trying to support a magical new currency which runs itself with no backing, organization, or structure whatsoever? LOL.
Aren't you a CPA or accountant of some sort?
My CPA wife got a $10 card to play with at Prairie Meadows for her Christmas Party and walked right up to the cage and got her $10 back
Exactly -- who the hell thought that was a good idea? The number was $20k. It has been $20k for a long time, that was supposed to be the next big milestone, ... And also the next big point of fear (and thus, pulling out).
Look what happened. What kind of poor investor didn't see that coming? I don't even own any of this stuff, follow it in passing glances, and I still saw a huge cliff coming from a mile away.
S***, it was rumored and prophecied on the crypto subs for weeks.
A good time to know when the market will crash is when people with absolutely no background or knowledge of it start buying. That has signaled a coming crash in everything I’ve been around. Ira and 401ks help insulate the stock market from being as volatile.
Of course there are cliffs with crypto - all you have to do is look at the history. Good luck timing it tho. And I still don’t see anyone calling them self an entrepreneur. I own stock in Netflix, doesn’t make me an entrepreneur.
Netflix has also been around for many years, has stabilized, is providing a tangible market product/service, conforms to a set of stable regulations over it, and has a large and distributed base of buyers to support it financially.
I say "entrepreneur" in jest. There.
