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re: Bitcoin down more than 60% in the last month and a half

Posted on 2/6/18 at 7:28 am to
Posted by Thib-a-doe Tiger
Member since Nov 2012
36534 posts
Posted on 2/6/18 at 7:28 am to
quote:

you routinely have any more than 5% of your net worth in something as speculative as crypto, you're asking for trouble.



This is the future! Analysts say this could hit 60k!
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464606 posts
Posted on 2/6/18 at 7:35 am to
quote:

Holy shite. That can't be real,can it?

i don't know if THAT story is real, but there are real stories of people doing this

people, especially at the lower end of society, live frustrating lives and want to get rich, quick. they also don't understand the inner-workings of the schemes they get involved in. this was the perfect combination of the allure of quick money, ease of entry, and ignorance

just look at all the shitty youtube crypto channels that got popular the past couple months. lots of idiot 17 year olds and lots of paid promoters.

then you had major, legit ponzi schemes like BitConnect
Posted by Thib-a-doe Tiger
Member since Nov 2012
36534 posts
Posted on 2/6/18 at 7:37 am to
quote:

Yea. I think everyone knew we were on a big bubble.



Nope, nu uh, frick that. There were several people in here echoing the 40k, 60k, 100k claims
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42749 posts
Posted on 2/6/18 at 7:38 am to
I dumped my Ethereum a month ago.

Reinvested back into my IRA with the market going the way it is.

Trying to buy a house and last thing I want is my portfolio showing a 20k loss
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464606 posts
Posted on 2/6/18 at 7:42 am to
quote:

There were several people in here echoing the 40k, 60k, 100k claims


i think that's a possibility

over the next 10-15 years
Posted by Thib-a-doe Tiger
Member since Nov 2012
36534 posts
Posted on 2/6/18 at 7:44 am to
I don’t. Check the money board and see how they shite all over it now and have fallen in love with something else


Reminds me of women I know who jump from one MLM scheme to the next
This post was edited on 2/6/18 at 7:46 am
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61856 posts
Posted on 2/6/18 at 7:45 am to
quote:

Nope, nu uh, frick that. There were several people in here echoing the 40k, 60k, 100k claims


Is it not possible to believe that it was a bubble, yet still believe that Bitcoin would hit those marks?
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