Bitcoin (cryptocurrency)

Let’s hope it recovers...I’ll be waiting for a train to jump on.

It’s been a tough decisions day.
 
SWP's back said:
Lost 1/3 if it’s value this week.

It’s nothing if not volatile.

http://www.bbc.com/news/business-42457983
Click to expand...

It's fucked mate. For pretty technical reasons built into the technology of Bitcoin itself, though the fact that transaction fees are in the $55 range is a pretty good one too.

And shame on you for using the Tulip market analogy. As you're a keen financial wiz, I'd expect you to know that very few people actually lost money in the Tulip market as it was all non-seasonal speculation. Here people are going to crash out of their houses in some cases.

If you're in Bitcoin, I'd advise getting out slowly over the next few weeks. It will go up again from now but when this bubble pops it will explode. Not all cryptocurrency which as an idea is good but the Bitcoin product itself.
 
SWP's back said:
I know someone that remortgaged their house last month and bought bitcoin with it. He’s not having a great week.
Click to expand...
He clearly looked at the Risk-Reward equation and decided the risk was worth the reward. He may be right, if he has the balls to wait long enough. Then again, the risks may simply increase as the rewards further diminish. Such is the dilemma when deciding to speculate.
 
ChicagoBlue said:
He clearly looked at the Risk-Reward equation and decided the risk was worth the reward. He may be right, if he has the balls to wait long enough. Then again, the risks may simply increase as the rewards further diminish. Such is the dilemma when deciding to speculate.
Click to expand...
As someone mentioned above, he’s a fucking numpty and had his first kid in the summer to boot.
 
Buy pretty much any crypto coin and you will at least double your investment by the end of 2018
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
✖
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.