gallahadesquire Posted December 21, 2017 Posted December 21, 2017 An interesting examination of Stock Market bubbles can be found in David Dremen's book. Psychology of the Stock Market: Investment Strategy Beyond Random Walk. While older (1977), it shows how people get caught up in Tulips, East India Trading Co, etc. [by the way, good luck finding a copy. Mine is in my financial advisor's office under lock and key, after he lent his to someone, who didn't return it.] I [admittedly] scanned this thread, and someone mentioned the Crash of 2008. This is more like the dog.com bubble of 1999-2000, in that people are investing in something with no inherent worth, but in hopes of a "bigger fool" down the line. I wasn't in the internet boom, so I missed the rapid growth. I also missed the rapid disappearance of quite a bit of money. I do appreciate my Financial Counselor! + pitman, bigvalboy and Kenny 3
+ OliverSaks Posted December 21, 2017 Posted December 21, 2017 Yes I use Coinbase. I'll check out GDAX. Thanks for the tip. Hugs, Greg GDaX is run by Coinbase and has much lower fees. Coinbase is one of the worst places to “keep” crypto. + GregM 1
bigvalboy Posted December 21, 2017 Posted December 21, 2017 The market (the S&P 500) has risen 17.5% so far in the Trump presidency. It rose 37.5% over the equivalent part of the Obama presidency. The president* is a known con-man. One in three Americans supports him. Good luck with bitcoin. OCClient and Kenny 2
+ GregM Posted December 22, 2017 Author Posted December 22, 2017 Word on the street BC is going to fork soon. Hugs, Greg + Keith30309 1
+ Keith30309 Posted December 22, 2017 Posted December 22, 2017 Word on the street BC is going to fork soon. Hugs, Greg Reference: If you thought Bitcoin Cash, Bitcoin Gold, and Bitcoin Diamond were excessive, we’ve got a surprise for you: Bitcoin has 6 forks lined up going into the new year. That’s right–six shiny new mints bearing Bitcoin’s name. Super Bitcoin, Lightning Bitcoin, Bitcoin God (no joke) Bitcoin Uranium, Bitcoin Cash Plus, and Bitcoin Silver are slated to launch throughout the Christmas and New Year holidays. This will double the number of forked currencies within the month, leaving the market with 8 total Bitcoin derivatives to choose from. For those that don’t know, a hard fork is a method for developers to update and alter Bitcoin’s software. Once Bitcoin reaches a certain block height, miners switch from Bitcoin’s core software to the fork’s version. After this split, miners begin mining the new currency’s blocks, creating a new chain entirely and a currency to go with it. Bitcoin Cash was the first hard fork to occur on Bitcoin’s blockchain, followed by Bitcoin Gold and Bitcoin Diamond. As you can probably imagine, hard forks have become a hot topic within the crypto community. Many believe that they are necessary for improving the network and solving Bitcoin’s scalability issue, as with Bitcoin Cash. Others have criticized them as money making schemes, as anyone holding Bitcoin at the time of a fork receives an equal share of the new currency. My humble opinion... IF there were any real value in BTC and it's NOT a 100% speculative fad, then these derivations of BTC have even less real value (but, nonetheless, still present the same speculative opportunity for people like me who are bored with lottery scratch-off tickets.) Personally I don't think there's true value beneath these currencies but that doesn't negate the fact that it's a chance to outguess the next guy and make some money.
+ GregM Posted December 22, 2017 Author Posted December 22, 2017 Reference: If you thought Bitcoin Cash, Bitcoin Gold, and Bitcoin Diamond were excessive, we’ve got a surprise for you: Bitcoin has 6 forks lined up going into the new year. That’s right–six shiny new mints bearing Bitcoin’s name. Super Bitcoin, Lightning Bitcoin, Bitcoin God (no joke) Bitcoin Uranium, Bitcoin Cash Plus, and Bitcoin Silver are slated to launch throughout the Christmas and New Year holidays. This will double the number of forked currencies within the month, leaving the market with 8 total Bitcoin derivatives to choose from. For those that don’t know, a hard fork is a method for developers to update and alter Bitcoin’s software. Once Bitcoin reaches a certain block height, miners switch from Bitcoin’s core software to the fork’s version. After this split, miners begin mining the new currency’s blocks, creating a new chain entirely and a currency to go with it. Bitcoin Cash was the first hard fork to occur on Bitcoin’s blockchain, followed by Bitcoin Gold and Bitcoin Diamond. As you can probably imagine, hard forks have become a hot topic within the crypto community. Many believe that they are necessary for improving the network and solving Bitcoin’s scalability issue, as with Bitcoin Cash. Others have criticized them as money making schemes, as anyone holding Bitcoin at the time of a fork receives an equal share of the new currency. My humble opinion... IF there were any real value in BTC and it's NOT a 100% speculative fad, then these derivations of BTC have even less real value (but, nonetheless, still present the same speculative opportunity for people like me who are bored with lottery scratch-off tickets.) Personally I don't think there's true value beneath these currencies but that doesn't negate the fact that it's a chance to outguess the next guy and make some money. I would think that these companies feel there is value in BC https://steemit.com/bitcoin/@steemitguide/2017-top-list-of-big-companies-that-accept-bitcoin-and-cryptocurrencies Hugs, Greg
+ Keith30309 Posted December 22, 2017 Posted December 22, 2017 I think these companies accept it for different reasons... some to demonstrate they are innovative (e.g., Tesla & Microsoft), some to cast as broad a net as possible (e.g., Save The Children, Overstock), some who have a geographically-disperse customer base (like a tea company who sells in many different countries... though they have a much bigger problem with currency volatility), some for privacy (all the dating/porn sites) and some because it seems cool. The most obvious use case to me are under-served/under-banked but capital-enabled niches with heavy cash flow - like cannabis wholesalers & retailers. There's a handful of companies out there who fall into this payments space where cannabis & cryptocurrencies intersect and are worth taking a look at for longer-term growth opportunities. For what it's worth. + GregM 1
Kenny Posted December 23, 2017 Posted December 23, 2017 What's that big crashing noise I just heard? Oh, it's just Bitcoin losing 20% of its value today. Oops. bigvalboy and marylander1940 2
+ WilliamM Posted December 23, 2017 Posted December 23, 2017 Damn, or oh, well. Business Day Bitcoin Plummets More Than 30 Percent in Less Than a Day By NATHANIEL POPPER and TIFFANY HSUDEC. 22, 2017 Photo Bitcoin rose above $19,000 on Sunday, according to Coinmarketcap.com, but has fallen through the week. Credit Benoit Tessier/Reuters Bitcoin’s stratospheric rise hit a major bump on Friday, causing panic among buyers and the posting of suicide hotline numbers amid the current virtual currency mania. The value of Bitcoin, which has surged over the past year New York Times
+ GregM Posted December 23, 2017 Author Posted December 23, 2017 What's that big crashing noise I just heard? Oh, it's just Bitcoin losing 20% of its value today. Oops. I didn't hear any crash. I did hear it was Black Friday and I bought a bit more yesterday. Hugs, Greg
+ GregM Posted December 23, 2017 Author Posted December 23, 2017 I do hope those that cashed out have a very merry Xmas. Hugs, Greg Populist Fury 1
+ OliverSaks Posted December 23, 2017 Posted December 23, 2017 Buying the dippppppp + Keith30309 and + GregM 2
+ GregM Posted December 23, 2017 Author Posted December 23, 2017 Buying the dippppppp I bought what I could Thursday. Wish I woulda waited till Fri but it's going back up. Hugs, Greg
Kenny Posted December 23, 2017 Posted December 23, 2017 I didn't hear any crash. I did hear it was Black Friday and I bought a bit more yesterday. Hugs, Greg Hunh. How odd. Gizmodo heard the crash. Maybe you need to visit an audiologist? https://gizmodo.com/bitcoin-crashed-and-took-the-whole-market-down-with-it-1821529613 bigvalboy and marylander1940 2
+ GregM Posted December 23, 2017 Author Posted December 23, 2017 Hunh. How odd. Gizmodo heard the crash. Maybe you need to visit an audiologist? https://gizmodo.com/bitcoin-crashed-and-took-the-whole-market-down-with-it-1821529613 Maybe you need to quit being a negative Nancy troll. Hugs and kisses, Greg
Kenny Posted December 24, 2017 Posted December 24, 2017 Maybe you need to quit being a negative Nancy troll. Hugs and kisses, Greg Hey, doofus. You’re the one who first decided to reply directly to my post about the 20% drop, which wasn’t written to you. Grow up. And dump the misogynistic “Nancy” crap. marylander1940 1
+ GregM Posted December 26, 2017 Author Posted December 26, 2017 https://www.youtube.com/watch?v=hwUbJ7oRsdI https://www.youtube.com/watch?v=hwUbJ7oRsdI Hugs, Greg
+ BenjaminNicholas Posted December 26, 2017 Posted December 26, 2017 Maybe you need to quit being a negative Nancy troll. Hugs and kisses, Greg I mean, this Nancy doesn't look THAT negative, although I have serious doubts about anyone who wears this much pink. And those thigh-highs make her look like a street hooker. ... Ah, there's the negativity. http://1.bp.blogspot.com/-R_LsWUgtQms/VP7b2t-YB2I/AAAAAAABoHY/OXoc2VlcN38/s1600/1-Famosa-Nancy001.jpg marylander1940 and + GregM 2
marylander1940 Posted December 26, 2017 Posted December 26, 2017 I finally bought a wee piece of bitcoin! I'm rather excited about this. I know bitcoin isnt knew but it's still a mystery to many. Hugs, Greg I'm glad you're investing your money and thinking on your future after escorting.
marylander1940 Posted December 26, 2017 Posted December 26, 2017 Hey, doofus. You’re the one who first decided to reply directly to my post about the 20% drop, which wasn’t written to you. Grow up. And dump the misogynistic “Nancy” crap. at least he didn't call you a "little girl" or anything else homophobic. I mean, this Nancy doesn't look THAT negative, although I have serious doubts about anyone who wears this much pink. And those thigh-highs make her look like a street hooker. ... Ah, there's the negativity. http://1.bp.blogspot.com/-R_LsWUgtQms/VP7b2t-YB2I/AAAAAAABoHY/OXoc2VlcN38/s1600/1-Famosa-Nancy001.jpg Going off subject: Old toys, specially 1950's Barbie in mint (unopened package) condition have been a great investment for some.
bigvalboy Posted December 26, 2017 Posted December 26, 2017 Back to the subject at hand... Bitcoin is a Ponzi scheme, and it will collapse like one
Walker1 Posted December 26, 2017 Posted December 26, 2017 Didn't it shoot up from 1,000 bucks to 20,000 bucks this year? What was your entry point and how long do you consider holding?
+ GregM Posted December 27, 2017 Author Posted December 27, 2017 Didn't it shoot up from 1,000 bucks to 20,000 bucks this year? What was your entry point and how long do you consider holding? 6421 bc was my entry. I also bought into litecoin and Ethereum. I'm downloading a more secure wallet and after I do that I will be buying more of the three and a few smaller ones. I can't say how long I am going to hold for. But with enough diversifying on the currency and through other things in a few years I'll be set. For those saying its a scam, hows that dollars purchasing power been over the years? The USD is one of the biggest scams. It's already in the works with China and Russia on removing the USD as the reserve currency and currency used for oil. When that happens well.....told ya so. Hugs, Greg
Kenny Posted December 27, 2017 Posted December 27, 2017 Ninety minutes ago: Bitcoin fell toward $15,000 after the cryptocurrency’s biggest rally in two weeks ended a rout that wiped more than $9,000 off the price. The largest digital coin fell 4.6% to $15,214 at 10:08 a.m. in New York, having earlier climbed as much as 3.6%. Among rival digital currencies, ripple extended its gains to 9.6%, while ethereum and litecoin fell 1.2% and 6.2% respectively, according to data compiled by Bloomberg. The relatively quiet day for bitcoin comes on the heels of a five-day slump that reached 44% at its depths and took the coin below $11,000 on Friday. Just four days earlier, it rose within striking distance of $20,000 after a torrid advance that started in early December. bigvalboy 1
Kenny Posted December 27, 2017 Posted December 27, 2017 I mean, this Nancy doesn't look THAT negative, although I have serious doubts about anyone who wears this much pink. And those thigh-highs make her look like a street hooker. ... Ah, there's the negativity. http://1.bp.blogspot.com/-R_LsWUgtQms/VP7b2t-YB2I/AAAAAAABoHY/OXoc2VlcN38/s1600/1-Famosa-Nancy001.jpg What’s that blue arrow pointing at? bigvalboy 1
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