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azoppina609
Enthusiast
Silver Level
Bitcoin is generated on a finite scale. Its relative value can only increase, however, the current bitcoin bubble caused by the media hype, blind, ignorant investors and initial offering on the NYSE has burst leading to a stabilizing of the market.
ZenGreen
Visionary
Silver Level
Still kills me that I was moving money in and out of bitcoin from 2015 to 2016 playing a lot of poker and I was always scared it was gonna drop so I got the money converted fast. Sucks that I could of been a millionaire if I never cashed any of that stuff out.
TravelerLloyd
Rock Star
Silver Level
BitCoin
I never cared for bitcoin, as there is no one here in the USA that takes the currency readily. I dont't understand how a company can just make coins and start saying its the new currency when no one is letting you use them to buy anything.
1,000's of people said invest in bitcoin, I never made a move to do so, and now I am glad I didn't.
I never cared for bitcoin, as there is no one here in the USA that takes the currency readily. I dont't understand how a company can just make coins and start saying its the new currency when no one is letting you use them to buy anything.
1,000's of people said invest in bitcoin, I never made a move to do so, and now I am glad I didn't.
MarceloMC
Rock Star
Silver Level
It would be nice to get further info about Biticoin regulation and something that can make it to return to the top level that rechead in the end of 2017 about US$20.000! So in this case when it is close to $2.000 it would be a nice moment to buy some to wait for a potential return to $20.000 (1.000% of possible upside)...
Ignoramus380
Enthusiast
Silver Level
Two Bitfinex investors reported that the allegations of losing $ 850 million of client and corporate funds put forward by the Prosecutor General of New York did not cause them to worry about the future of the trading platform.
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whitesmoke420
Rock Star
Silver Level
That's good to know. Its kind of complicated and I feel like once I sign up for it that I'll be progressively losing money through transfers and withdrawals. I just didn't do much research on it and hope it doesn't become the next big thing all over again. 
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BigRivers
Rock Star
Silver Level
Be careful where you get your advice from
I do well with crypto currency, but one problem is for there to be a winner, there must be a loser. So if I tell everyone exactly how I profit then it won't be that profitable. I will probably start a thread soon showing trends that lot's of people can safely profit from. But you should always be mindful of free advice because many people are not as kind, or honest, and many have ulterior motives. All that said, I expect ETH, BTC, and most of the others to make massive gains over the next 12 months.
I do well with crypto currency, but one problem is for there to be a winner, there must be a loser. So if I tell everyone exactly how I profit then it won't be that profitable. I will probably start a thread soon showing trends that lot's of people can safely profit from. But you should always be mindful of free advice because many people are not as kind, or honest, and many have ulterior motives. All that said, I expect ETH, BTC, and most of the others to make massive gains over the next 12 months.
Canaveral
Enthusiast
Silver Level
I agree. The problem for me is that unlike other investment vehicles there are no underlying data to determine the likelihood of movement in price. If you buy stock in a company, that company issues quarterlies on the status of the company, and you know whether the company's fundamentals are solid or not. They issue guidance as to what the company expects going forward. With traditional currencies, you have the country's economy, monetary policy, etc. that drive the price of the currency. You have data to determine whether the stock price or currency should move up or down. It's not perfect, and it's still speculative, but you have information. I don't see that with cryptocurrencies. All I see is sheer speculation, or people"feel" that's it's going to move one way or another. I understand technical indicators ("head and shoulders," "double tops," etc.) in studying price movement, but there is nothing underlying that to know anything.
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BigRivers
Rock Star
Silver Level
I disagree. There is plenty of speculation for sure, but you don't have to rely on sheer speculation. Only suckers put the weight of their traditional currency trading strategy on the economy and monetary policy. Make sure those factors are healthy for sure, but currencys stick to harmonic patterns, which have patterns in patterns. Regardless of how good an economy is the currency will only go up for so long before correcting. Cryptocurrency trading is more comparable to currency trading then stocks, making the fundamentals less important, but they do hold some great value. Binance coin is up 430% this year, which is no surprise since their platform runs ~80% of the markets trading. TRX or Tron, invested 100 million in creating a platform for global gambling and trading items with video games ( example 2 people spend $5 for a race, winner gets 9, platform gets $1) It hasn't rolled out yet, but it has major potential. What I like about Crypto is the massive volatility of it. I set scaled buy and sell orders on my favorite coins at any given moment, in a sideways or bull market this strategy can easily average over 10% gains a week, which is impossible to do with traditional stocks. Plus traditional stocks are currently way over valued at the moment, making a steep correction extremely likely in the near future.
But I will agree that crypto is bad for a long term investor that just wants to put money somewhere and forget it.
