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Started By
Message
Avoid Bitcoin (all crypto) Like the Plague
Posted on 1/7/18 at 10:45 am
Posted on 1/7/18 at 10:45 am
quote:
“Avoid bitcoin like the plague. Did I make myself clear?” Bogle, founder of Vanguard Group Inc., said in response to an audience question at a Council on Foreign Relations event in New York Tuesday.
“Bitcoin has no underlying rate of return,” said Bogle, 88, who started the first index fund in 1976. “You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.”
LINK
quote:
He's not the only skeptic. JPMorgan Chase CEO Jamie Dimon called bitcoin a "fraud," adding "it's worse than tulip bulbs. It won't end well." And billionaire investor Howard Marks called it a "pyramid scheme."
Crypto is the absolute definition of speculation. This will not turn out like you expect it.
22
Posted on 1/7/18 at 10:46 am to OleWarSkuleAlum
K
Posted on 1/7/18 at 10:47 am to OleWarSkuleAlum
Is it 2014 all over again bros?
Posted on 1/7/18 at 10:51 am to rocket31
I wish it was, that way I could get in on it while it was still early.
Posted on 1/7/18 at 10:55 am to OleWarSkuleAlum
I agree and as long as people are practical and approach it as the bubble it is then go for it.
Currency was never meant to be an investment vehicle. Blockchain will survive, though, and it will be valuable and you can't have the blockchain, in its current capacity, without the reward/coin so a coin or two have to survive the crash. No one knows which one that will be at this point and that's why the 100s of post here daily of people saying "this coin is the game changer" with no data to back that up other than their gut feelings should be stopped. It's dangerous because you have no idea how much people reading this might be speculating and what those BS predictions could cost them.
Currency was never meant to be an investment vehicle. Blockchain will survive, though, and it will be valuable and you can't have the blockchain, in its current capacity, without the reward/coin so a coin or two have to survive the crash. No one knows which one that will be at this point and that's why the 100s of post here daily of people saying "this coin is the game changer" with no data to back that up other than their gut feelings should be stopped. It's dangerous because you have no idea how much people reading this might be speculating and what those BS predictions could cost them.
Posted on 1/7/18 at 10:56 am to OleWarSkuleAlum
quote:
This will not turn out like you expect it.
I know, it turned out better than I expected. I was able to pull-out my initial investment after seeing 300% growth.
Posted on 1/7/18 at 10:57 am to OleWarSkuleAlum
Posted on 1/7/18 at 10:58 am to stout
quote:
It's dangerous because you have no idea how much people reading this might be speculating and what those BS predictions could cost them.
I know for a fact when you have idiots on this very message board spouting stuff like the below people are going to lose a lot of money....
quote:
Not dangerous at all right now. You've said that for months and the market has shot up 1000%+
I've yet to be wrong on this board. Not too concerned about it
LINK
Posted on 1/7/18 at 11:00 am to OleWarSkuleAlum
Oh I'm in idiot because I've made 10000% in less than one year.
That makes perfect sense.
Forget lambos I'll be waving down from my copter while you're crying
That makes perfect sense.
Forget lambos I'll be waving down from my copter while you're crying
This post was edited on 1/7/18 at 11:01 am
Posted on 1/7/18 at 11:03 am to OleWarSkuleAlum
Interesting.
quote:
BOSTON (Reuters) - Vanguard Group Inc is moving to use blockchain to simplify how it updates index data underlying mutual funds, executives said on Monday, an important sign of confidence for the new financial technology.
quote:
JPMorgan Chase said Monday it is launching a blockchain-based system with two other banks to reduce global payment transaction speeds "from weeks to hours."
This post was edited on 1/7/18 at 11:05 am
Posted on 1/7/18 at 11:04 am to MrSpock
I did work with fidelity this summer. They're getting highly involved into cryptocurrency
Inb4 oleskull closes his fidelity account
Inb4 oleskull closes his fidelity account
Posted on 1/7/18 at 11:05 am to OleWarSkuleAlum
You're right , I didn't expect when I bought 10 bitcoin at $480 a year ago Id sell 5 at $17k . My bank account wasn't ready but it is now . 
Best pyramid scheme ever!
Best pyramid scheme ever! This post was edited on 1/7/18 at 11:14 am
Posted on 1/7/18 at 11:06 am to MrSpock
quote:
BOSTON (Reuters) - Vanguard Group Inc is moving to use blockchain to simplify how it updates index data underlying mutual funds, executives said on Monday, an important sign of confidence for the new financial technology.
I wonder if they will ever figure out a way for blockchain to survive without the need for the reward side.
Posted on 1/7/18 at 11:07 am to MrSpock
quote:then how come I can't buy ETH on coinbase with my chase debit card?
Chase
Posted on 1/7/18 at 11:07 am to stout
quote:
It's dangerous because you have no idea how much people reading this might be speculating and what those BS predictions could cost them.
Sort of like the OP and his unhealthy relationship with Marco Rubio.
This post was edited on 1/7/18 at 11:09 am
Posted on 1/7/18 at 11:07 am to OleWarSkuleAlum
Dude. He’s 112 years old.
This reeks of Warren Buffet avoiding all tech like the plague.
This reeks of Warren Buffet avoiding all tech like the plague.
Posted on 1/7/18 at 11:10 am to bayoubengals88
Rich people are embarrassed a wealth creator was had by geeks instead of them. They usually have advance inside knowledge of what’s going to boom so they can fill their pockets and use it for political favors and power.
This was spread to the peasants and the pipeline started without them and they are pissed
This was spread to the peasants and the pipeline started without them and they are pissed
Posted on 1/7/18 at 11:10 am to OleWarSkuleAlum
quote:
Marco Rubio Interestingly, on Marco Rubio’s donation page, you must acknowledge that “I am making this contribution using my own personal credit or debit card, PayPal account, or Bitcoins, and not those of any business entity.”
This must make you conflicted.
Posted on 1/7/18 at 11:11 am to MrSpock
quote:
Sort of like the OP and his unhealthy relationship with Marco Rubio.
People are investing their money based on OP into Marco Rubio?
Your comparison attempt makes no sense.
Posted on 1/7/18 at 11:17 am to stout
quote:
People are investing their money based on OP into Marco Rubio? Your comparison attempt makes no sense.
It's called an analogy.
You know voting has consequences and shite.
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