 |
 |
Do you think bitcoin...
| January 7th, 2018 at 11:43:49 AM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
And there you go. What has exploded one way can explode the other way just as fast. In the early days of the 1849 gold rush, claims were selling for small fortunes. 2 years later you couldn't give them away. But the value of the gold itself remained steady, as it does today. If you take a risk, you may lose. If you never take a risk, you will always lose. |
| January 8th, 2018 at 12:39:00 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Ripple lost 25% in 24 hours. The third worst of 1387 cryptocoins The smallest cryptocoin has a market cap of $362 million. Four of them sell coins or tokens for less than a penny. |
| January 8th, 2018 at 12:59:36 PM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
There's no 'there' there in crypto. Anything can happen and probably will. It's just another type of Ponzi like scheme. If you take a risk, you may lose. If you never take a risk, you will always lose. |
| January 8th, 2018 at 1:38:58 PM permalink | |
| SOOPOO Member since: Feb 19, 2014 Threads: 22 Posts: 4170 |
My friend's son, quite bright, is working to develop his own cryptocoin. The kid will likely be worth more than any of us in a few years. If he gets it to be the worst cryptocoin at 250 million I think he will be content. |
| January 8th, 2018 at 1:54:53 PM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
But it's Monopoly money, you can't spend it anywhere. It's all on paper and in people's heads. Would you sell your house for crypto money you never even heard of? How would you feel if the check you get for being a doctor was worth a different amount every week. If you take a risk, you may lose. If you never take a risk, you will always lose. |
| January 8th, 2018 at 2:02:55 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
I don't know what percentage (probably single digits) of the coin you can keep for yourself before it is an actual Ponzi scheme. I believe that Bitcoin founder kept 10%. |
| January 8th, 2018 at 2:05:41 PM permalink | |
| beachbumbabs Member since: Sep 3, 2013 Threads: 6 Posts: 1600 |
This might explain something that happened last May. Amex called me urgently, to tell me I'd been hacked on my Optima account. Not to charge stuff or take cash advances. But to steal 60k points in the account. (Value $600). I thought it was really odd for the thieves to do ONLY that. But Amex said they had drained thousands of accounts thru a system flaw. I didn't know how that was supposed to work out for them, as Amex would have to be the redeeming party, so some account with millions of points would have to set off alarms everywhere. BUT, if those points had negotiable value on a 3rd party exchange, that would dramatically increase their value. Wow. As it was, Amex apparently was able to trace back and nullify those points. They did restore 100% of them to my account immediately, although at that time they didn't yet have the points back from the thieves. Which is why I've been a member since 1986...lol. Never doubt a small group of concerned citizens can change the world; it's the only thing ever has |
| January 8th, 2018 at 2:15:27 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18204 |
Incorrect. Acceptance is indeed small but growing. The President is a fink. |
| January 8th, 2018 at 2:49:49 PM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
What can you buy with Ripple, I can't find anything. This is just today: Cryptocurrencies are Falling, Led by Ripple, Bitcoin https://www.cnbc.com/2018/01/08/cryptocurrency-ripple-crashes-30-percent-in-24-hours-bitcoin-also-dropping.html If you take a risk, you may lose. If you never take a risk, you will always lose. |
| January 8th, 2018 at 3:40:03 PM permalink | |
| Aussie Member since: May 10, 2016 Threads: 2 Posts: 458 |
You can buy USD, AUD, probably any fiat currency you like with Ripple. As AZD said, acceptance for other goods and services is increasing. They go up and down wildly all the time. Means nothing. When I bought Ripple a month ago it doubled in price in about a week. Then dropped a third. Then tripled in price in a week. Let us know when it goes back to a few cents. Then the headline will be worth reading. |