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Started By
Message
re: Avoid Bitcoin (all crypto) Like the Plague
Posted on 1/7/18 at 3:00 pm to Decisions
Posted on 1/7/18 at 3:00 pm to Decisions
quote:
The Dow Jones was never intended to be currency. Crypto is. Stock in a company has an underlying asset. Currency's only real value is how many places will accept it. A few outliers can be listed, sure, but you'll never find as many acceptors as there are for old fashioned greenbacks.
Can you tell me every person who has ever touched your dollar bill?
For you that may not be important but for a multinational company who is Based in Hong Kong has offices throughout Europe, manufacturing in Mexico, and uses a freight company based in Sweden may have an interest in. In fact they do have an interest and there are people out there trying to solve that problem. And there are very real companies out there in the cryptomarket that are going to solve those sorts of problem.
You think online gambling could be made safer if the could track any and everybody who touched a 'greenback.?
What about online transactions? Why would anybody want a faster, safer and easier way to pay an online merchant.
But you sit back and reminisce about the "good ol' days" when a chocolate bar cost a nickle.
You know people used to think the automobile was stupid, the airplane was stupid, the personal computer was stupid, the internet was stupid.
shite why don't we go back to the checkbook? Real paper and a real pen. Yee haw.
0
Posted on 1/7/18 at 3:04 pm to OleWarSkuleAlum
Salty OP is salty dinosaur
Also considering this guy was old enough to do what he did in the 70s. I wouldn't rely on his opinions for shite about anything technology related.
I'll side with the tech nerds on crypto. Not dinosaur investors.
Also considering this guy was old enough to do what he did in the 70s. I wouldn't rely on his opinions for shite about anything technology related.
I'll side with the tech nerds on crypto. Not dinosaur investors.
This post was edited on 1/7/18 at 3:07 pm
Posted on 1/7/18 at 3:53 pm to bayoubengals88
quote:
Today - Suffice it to say I’m doing quite well. No one is really being irresponsible about this. We know the risk, and trust me, we know the reward even better.
Still got my stocks and Roth. Haven’t touched them.
**emphasis added
Early nomination for Most Ridiculous Statement of the year!
@bayoubengals88, glad you have a reasoned approach and are doing well...But to assume that approach applies to everyone is a bit naive.
I work with a guy whose brother-in-law took out a second mortgage on his house to buy bitcoin. He might get lucky and wind-up a millionaire, or he might lose his house. But either way, I don't think most would consider that to be a "responsible" move.
Posted on 1/7/18 at 3:54 pm to Moots
You sound like an old, bitter man.
Posted on 1/7/18 at 3:56 pm to Moots
quote:
I work with a guy whose brother-in-law took out a second mortgage on his house to buy bitcoin. He might get lucky and wind-up a millionaire, or he might lose his house. But either way, I don't think most would consider that to be a "responsible" move.
And no doubt he did that because of a thread he read on TD by a bunch of randoms and we should never talk about it again.
Got it.
Posted on 1/7/18 at 4:00 pm to tmjones2
quote:
You sound like an old, bitter man.
Coming from an Alabama fan, I'll take that as a compliment!
Don't worry, when you grow up, you too can be one.
Posted on 1/7/18 at 4:03 pm to MrSpock
quote:
And no doubt he did that because of a thread he read on TD by a bunch of randoms and we should never talk about it again.
Got it.
Never said or insinuated that AT ALL!
Posted on 1/7/18 at 5:02 pm to MrSpock
quote:
And no doubt he did that because of a thread he read on TD by a bunch of randoms and we should never talk about it again.
He never said that. He's simply sharing how far some people can take it and you have no idea how irresponsible information could potentially affect gullible people.
This post was edited on 1/7/18 at 5:04 pm
Posted on 1/7/18 at 5:10 pm to stout
quote:You mean like some of the investment and money advice already on here?
how far some people can take it and you have no idea how irresponsible information could potentially affect gullible people.
The advice on crypto from what I've seen on this board has been to put in what you can afford, don't overextend yourself, take out profits. Now maybe you read it differently than me and see it differently.
Posted on 1/7/18 at 5:10 pm to Moots
Moots, I was referring to the folks I have encountered on here and in the telegram app.
I own a home, but taking a second mortgage out?! I thought that was merely a figure of speech!
I own a home, but taking a second mortgage out?! I thought that was merely a figure of speech!
Posted on 1/7/18 at 5:15 pm to tduecen
quote:
The advice on crypto from what I've seen on this board has been to put in what you can afford, don't overextend yourself, take out profits. Now maybe you read it differently than me and see it differently.
I might have overlooked it on here because I had already been told this MULTIPLE times before going into the crypto world... but I actually don't recall this happening on here yet: I've seen some posters talk down to another poster before because "that's all you have, I'm in the xx.xx club!" Which could cause someone new to think "damn, I need to put more in".
Disclaimer: I have not seen you do that
ETA: "taking down" might not be the right term, I don't think they are actually taking "down" to anyone, but it can come off that way in text
This post was edited on 1/7/18 at 5:17 pm
Posted on 1/7/18 at 5:17 pm to tduecen
quote:
You mean like some of the investment and money advice already on here?
That's a load of crap. The money and investment advice on here has always been pretty civil outside of a few idiots that leak over from the OT from time to time.
Posted on 1/7/18 at 5:18 pm to BaddestAndvari
quote:I haven't seen that and I'm in a lot of these threads.
I've seen some posters talk down to another poster before because "that's all you have, I'm in the xx.xx club!"
Posted on 1/7/18 at 7:17 pm to OleWarSkuleAlum
quote:Video: Bitcoin is digital tulip bulb MANIA that will COLLAPSE
JPMorgan Chase CEO Jamie Dimon called bitcoin a "fraud," adding "it's worse than tulip bulbs.
Posted on 1/8/18 at 1:13 am to tigerpawl
Y'all have a right to be naysayers. Just keep your head in the sand and listen to the people who have a vested interest in cryptos failing. Think about it. Who is afraid of cryptocurrency? And you want to take their advice. Ok. Did you take these same people's advice when they didn't want computers in the the NYSE but when they were shown they could make money on the gap on each trade they changed their tune? Did you take their advice when they said not to invest in Intel, Amazon, Google, Microsoft, Cisco, because they were all fads and then before you knew it, they were going public?
Be careful who you listen to and do some research.
Not only are those quoted interested in cryptos failing, they sound very uneducated about cryptos. If you are going to make a valid argument, then make one. At least sound like you know what the hell you are talking about, or just shut up.
Be careful who you listen to and do some research.
Not only are those quoted interested in cryptos failing, they sound very uneducated about cryptos. If you are going to make a valid argument, then make one. At least sound like you know what the hell you are talking about, or just shut up.
Posted on 1/8/18 at 4:48 am to BaddestAndvari
quote:
I've seen some posters talk down to another poster before because "that's all you have, I'm in the xx.xx club!"
My goodness you just make shite up as you go. Not once have i seen anyone talk down to a poster on here or on telegram because of how much they have. This post was edited on 1/8/18 at 4:49 am
Posted on 1/8/18 at 6:29 am to OleWarSkuleAlum
quote:
“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.”
This is just stupid. Most common stocks have no dividend and 100 percent of the return you hope to get is based on the hope that you will sell it to someone for more than you paid for it...and there are negative interest rate bonds.
The problem with Bitcoin is how do you engage in rational price discovery?
Posted on 1/8/18 at 8:21 am to Boatshoes
Why is this thread allowed to stay but pro-crypto threads were deleted?
Posted on 1/8/18 at 8:25 am to weagle99
I think some people were accused of pump and dump here, and looks like the admins bought it. Don't know if it was actually verfied
Posted on 1/8/18 at 8:42 am to castorinho
if anything was pumped, it would've been in the Telegram messenger. Not here. Plus, the ETH thread was starting to get out of hand with the invite requests to the Telegram chat.
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