Posted: 1/10/2018 10:01:52 AM EDT
| http://www.businessinsider.com/warren-buffett-on-bitcoin-price-2018-1 |
| What? crypto kept the pipeline going making his trains worth less? Guy uses the feds to hammer the competition and is the typical crony capitalist. |
| Cryptocurrency I believe will be one of the biggest scams exposed of all time. The currency has nothing backing it like US currency which we have all the asset of America. The currency is artificially bloated by the more and more people buy into it. To risky of an investment in my opinion and I am not going to touch it. Also I am not old I am a smart investor and made lots of money doing it by not taking stupid risky chances with my money. |
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Cryptocurrency I believe will be one of the biggest scams exposed of all time. The currency has nothing backing it like US currency which we have all the asset of America. The currency is artificially bloated by the more and more people buy into it. To risky of an investment in my opinion and I am not going to touch it. Also I am not old I am a smart investor and made lots of money doing it by not taking stupid risky chances with my money. |
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Lots of people have made money on cyrpto at much higher returns than traditional investments. Quoted:
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Cryptocurrency I believe will be one of the biggest scams exposed of all time. The currency has nothing backing it like US currency which we have all the asset of America. The currency is artificially bloated by the more and more people buy into it. To risky of an investment in my opinion and I am not going to touch it. Also I am not old I am a smart investor and made lots of money doing it by not taking stupid risky chances with my money. |
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Cryptocurrency I believe will be one of the biggest scams exposed of all time. The currency has nothing backing it like US currency which we have all the asset of America. The currency is artificially bloated by the more and more people buy into it. To risky of an investment in my opinion and I am not going to touch it. Also, I am not old I am a smart investor and made lots of money doing it by not taking stupid risky chances with my money. |
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Quoted:
Lots of people have made money on cyrpto at much higher returns than traditional investments. Quoted:
Quoted:
Cryptocurrency I believe will be one of the biggest scams exposed of all time. The currency has nothing backing it like US currency which we have all the asset of America. The currency is artificially bloated by the more and more people buy into it. To risky of an investment in my opinion and I am not going to touch it. Also I am not old I am a smart investor and made lots of money doing it by not taking stupid risky chances with my money. Charles Ponzi, (born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi; March 3, 1882 – January 18, 1949), was an Italian swindler and con artist in the U.S. and Canada. His aliases include Charles Ponci, Carlo, and Charles P. Bianchi. Born and raised in Italy, he became known in the early 1920s as a swindler in North America for his money-making scheme. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage. In reality, Ponzi was paying earlier investors using the investments of later investors. While this type of fraudlent investment scheme was not originally invented by Ponzi, it became so identified with him that it now is referred to as a Ponzi scheme. His scheme ran for over a year before it collapsed, costing his "investors" $20 million. Ponzi may have been inspired by the scheme of William F. Miller, a Brooklyn bookkeeper who in 1899 used the same scheme to take in $1 million. In addition, "The Man Who Broke the Bank at Monte Carlo", Charles Deville Wells, had operated a very similar scheme in France in 1910–11, when – under the alias "Lucien Rivier" – he had set up a phony bank, to the detriment of his 6,000 victims. Per Wiki |
| I have around $300 "invested" in some alt coins. It's down huge from last week, but still up 300% plus from when I bought in three weeks ago. It's play money, and I wouldn't put anything but play money into it. If it grows 100% per year in the short term, I'll be happy. I'm not in the crowd that thinks a few hundred bucks will buy a Lamborghini or a house in a year. |
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Cryptocurrency I believe will be one of the biggest scams exposed of all time. The currency has nothing backing it like US currency which we have all the asset of America. The currency is artificially bloated by the more and more people buy into it. To risky of an investment in my opinion and I am not going to touch it. Also I am not old I am a smart investor and made lots of money doing it by not taking stupid risky chances with my money. |
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I have around $300 "invested" in some alt coins. It's down huge from last week, but still up 300% plus from when I bought in three weeks ago. It's play money, and I wouldn't put anything but play money into it. If it grows 100% per year in the short term, I'll be happy. I'm not in the crowd that thinks a few hundred bucks will buy a Lamborghini or a house in a year. I'm concerned about the people who are cashing out 401ks and buying crypto on credit cards. |
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Same here, I've already written that money off. It's probably gone forever, but perhaps it could become a nice surprise. I'm concerned about the people who are cashing out 401ks and buying crypto on credit cards. Quoted:
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I have around $300 "invested" in some alt coins. It's down huge from last week, but still up 300% plus from when I bought in three weeks ago. It's play money, and I wouldn't put anything but play money into it. If it grows 100% per year in the short term, I'll be happy. I'm not in the crowd that thinks a few hundred bucks will buy a Lamborghini or a house in a year. I'm concerned about the people who are cashing out 401ks and buying crypto on credit cards. |
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Quoted:
Cryptocurrency I believe will be one of the biggest scams exposed of all time. The currency has nothing backing it like US currency which we have all the asset of America. The currency is artificially bloated by the more and more people buy into it. To risky of an investment in my opinion and I am not going to touch it. Also I am not old I am a smart investor and made lots of money doing it by not taking stupid risky chances with my money. |
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Cryptocurrency I believe will be one of the biggest scams exposed of all time. The currency has nothing backing it like US currency which we have all the asset of America. The currency is artificially bloated by the more and more people buy into it. To risky of an investment in my opinion and I am not going to touch it. Also I am not old I am a smart investor and made lots of money doing it by not taking stupid risky chances with my money. More then a hundred thousand? Or more then a million? |
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Quoted: You don't need to know a damn thing about tech to know a classic bubble when you see it. |
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A 'currency' made up out of thin air, backed by and based on absolutely nothing other than the belief that if I buy it for $1 today I can sell it for $10 later. Anyone who DOESN'T see that this will come to a bad ending is delusional.
I'll admit that the thought to dabble with a small amount of seed money has crossed my mind, and I like many others probably COULD make significant money by playing the short game. But then I realized if I did it successfully, all I've really done is effectively stolen money from some poor moron down the line who thought this was a real, legitimate thing. I'm not okay with that. |
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Yup, but it appears we are in the minority around here. Yea, some people made a lot of money off bitcoin, A LOT of money. People see this and gravitate towards it which inflates the bubble even more. Those early people who made a shit ton were also very lucky, it could have also gone the other way. Now no one really knows what will happen with bitcoin. Personally I don't see the point in it. It seems too unstable for an actual currency, seems open to hackers, transactions take a long time, it is trackable, so what is it? The only real value is what a smallish group of people say it is. Sure our currency is also kinda like that but the group is much larger, making it more stable. Right now people are seeing it as an investment because people before them got rich, hence the bubble. I think it will pop when people trying to strike it rich move on to the next latest and greatest. |
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Our own US dollar is fiat currency but it's accepted by everybody and that is its stability right there.
There is no REAL currency anymore. Nothing that can be traded in on demand for precious metals. "The internet will never be a big thing." "The CD will be with us forever, it gives us perfect sound." "Nobody needs more than 640K of RAM in their computer." (Bill Gates said that once upon a time.) Things change. Cryptocurrency, well, the truth is we're in the dawn of a new era and NO it's not some idiot with a flashlight hiding behind a rock. Cryptocurrency is not going to go away, it is going to grow and expand and there will be a natural selection process that will kill off the weakest currencies and leave the stronger ones to continue to battle for dominance until there are finally just a couple. Of course those who are most heavily invested in the old system of money will denigrate the competition. That's to be expected. |
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Our own US dollar is fiat currency but it's accepted by everybody and that is its stability right there. There is no REAL currency anymore. Nothing that can be traded in on demand for precious metals. "The internet will never be a big thing." "The CD will be with us forever, it gives us perfect sound." "Nobody needs more than 640K of RAM in their computer." (Bill Gates said that once upon a time.) Things change. Cryptocurrency, well, the truth is we're in the dawn of a new era and NO it's not some idiot with a flashlight hiding behind a rock. Cryptocurrency is not going to go away, it is going to grow and expand and there will be a natural selection process that will kill off the weakest currencies and leave the stronger ones to continue to battle for dominance until there are finally just a couple. Of course those who are most heavily invested in the old system of money will denigrate the competition. That's to be expected. My life is already pretty easy with cash and credit/debit cards. You're examples of computers and the internet solved critical problems and/or improved life somehow. |
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Our own US dollar is fiat currency but it's accepted by everybody and that is its stability right there. There is no REAL currency anymore. Nothing that can be traded in on demand for precious metals. "The internet will never be a big thing." "The CD will be with us forever, it gives us perfect sound." "Nobody needs more than 640K of RAM in their computer." (Bill Gates said that once upon a time.) Things change. Cryptocurrency, well, the truth is we're in the dawn of a new era and NO it's not some idiot with a flashlight hiding behind a rock. Cryptocurrency is not going to go away, it is going to grow and expand and there will be a natural selection process that will kill off the weakest currencies and leave the stronger ones to continue to battle for dominance until there are finally just a couple. Of course those who are most heavily invested in the old system of money will denigrate the competition. That's to be expected. |
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Quoted:
Our own US dollar is fiat currency but it's accepted by everybody and that is its stability right there. There is no REAL currency anymore. Nothing that can be traded in on demand for precious metals. "The internet will never be a big thing." "The CD will be with us forever, it gives us perfect sound." "Nobody needs more than 640K of RAM in their computer." (Bill Gates said that once upon a time.) Things change. Cryptocurrency, well, the truth is we're in the dawn of a new era and NO it's not some idiot with a flashlight hiding behind a rock. Cryptocurrency is not going to go away, it is going to grow and expand and there will be a natural selection process that will kill off the weakest currencies and leave the stronger ones to continue to battle for dominance until there are finally just a couple. Of course those who are most heavily invested in the old system of money will denigrate the competition. That's to be expected. Cryptocurrency is backed by speculation, that can be legislated out of useful existence, with nothing really physical to possess any vale in, besides some 10101010101's in a computer file somewhere... |
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Everyone loves the thought of the average joe striking it rich. Yea, some people made a lot of money off bitcoin, A LOT of money. People see this and gravitate towards it which inflates the bubble even more. Those early people who made a shit ton were also very lucky, it could have also gone the other way. Now no one really knows what will happen with bitcoin. Personally I don't see the point in it. It seems too unstable for an actual currency, seems open to hackers, transactions take a long time, it is trackable, so what is it? The only real value is what a smallish group of people say it is. Sure our currency is also kinda like that but the group is much larger, making it more stable. Right now people are seeing it as an investment because people before them got rich, hence the bubble. I think it will pop when people trying to strike it rich move on to the next latest and greatest. Quoted:
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Yup, but it appears we are in the minority around here. Yea, some people made a lot of money off bitcoin, A LOT of money. People see this and gravitate towards it which inflates the bubble even more. Those early people who made a shit ton were also very lucky, it could have also gone the other way. Now no one really knows what will happen with bitcoin. Personally I don't see the point in it. It seems too unstable for an actual currency, seems open to hackers, transactions take a long time, it is trackable, so what is it? The only real value is what a smallish group of people say it is. Sure our currency is also kinda like that but the group is much larger, making it more stable. Right now people are seeing it as an investment because people before them got rich, hence the bubble. I think it will pop when people trying to strike it rich move on to the next latest and greatest. no one knows for sure who invented it. There are some suspicions, but no one knows for sure. That in itself makes it a good investment. |
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It is following the same path of every other Ponzi Scheme in history........except this time unlike Madoff, and Ponzi no one is sure where it comes from. no one knows for sure who invented it. There are some suspicions, but no one knows for sure. That in itself makes it a good investment. |
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But what "problem" is crypto currently looking to solve? My life is already pretty easy with cash and credit/debit cards. You're examples of computers and the internet solved critical problems and/or improved life somehow. The sheer volatility of it and unknown future gives retailers the meat sweats. |
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But what "problem" is crypto currently looking to solve? My life is already pretty easy with cash and credit/debit cards. You're examples of computers and the internet solved critical problems and/or improved life somehow. Quoted:
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Our own US dollar is fiat currency but it's accepted by everybody and that is its stability right there. There is no REAL currency anymore. Nothing that can be traded in on demand for precious metals. "The internet will never be a big thing." "The CD will be with us forever, it gives us perfect sound." "Nobody needs more than 640K of RAM in their computer." (Bill Gates said that once upon a time.) Things change. Cryptocurrency, well, the truth is we're in the dawn of a new era and NO it's not some idiot with a flashlight hiding behind a rock. Cryptocurrency is not going to go away, it is going to grow and expand and there will be a natural selection process that will kill off the weakest currencies and leave the stronger ones to continue to battle for dominance until there are finally just a couple. Of course those who are most heavily invested in the old system of money will denigrate the competition. That's to be expected. My life is already pretty easy with cash and credit/debit cards. You're examples of computers and the internet solved critical problems and/or improved life somehow. More secure than your Credit card. Everyone is taking about crypto currency. What about all the other block chain coins? The ones based on loans or storage. Forget about Bitcoin. Learn about Blockchain. Bitcoin may go away but Blockchain is here to stay. |
