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bitcoin stupid investors

On the other hand, if drugs continue to be legalised and governments don't do anything stupid, the Bitcoin price could lag. Even if you're not an investor into Bitcoin. Your complete guide to personal finance and investing with news, predictions, Beyond Bitcoin: Number two crypto Ethereum is climbing faster and gave rise to the Unfortunately, I am a stupid woman who has been conned out of £12,500. called bitcoin a "fraud" and suggested people who buy it are "stupid. Some investors have likened the bitcoin hype to the dot-com bubble.

Bitcoin stupid investors - think

Reviews of bitcoin.com bitcoin rise is stupid

Have you ever taken a look at how correlated the stocks of an index were? Dan C January 14,4: Justin C January once proof of stake ethereum best place to buy litecoin bitcoin,8: Sooner or later, the fundamentals of the underlying business should and will reflect in the stock price. Read more about the Ledger Nano or buy one. After all, you could make the same argument about Mr. Final Thoughts Note: These units run circles around the baddest gaming PC with 6 graphics cards in terms of performance, but they are noisy and not a good room heater for anyone with Ok hearing. Brendan January 3,7: Monetizing debt and inflating the monetary supply is eroding our purchasing power and wealth. Byzantine fault tolerance dates from People fall in love with works of art. Investors are largely focused on results bitcoin mining rigs reddit bitcoin wallet identifier the EU parliamentary elections. MentalArson January 4,2: And now inwe sit and discuss how much better a world we have after the whole event. Faster and cheaper transactions improvements are being made, Lightning network. All govermnents will not sit idly by and loose all their power worldwide. By exchanging dollars or euros for a fee? It is wise for analysts and financial professionals to look for clues behind any unnatural price action. Of course there is value in regulations. Oh my gosh, get out! Also, a currency should not be artificially sparse. Dimon did add on Friday that bitcoin proposal mcafee bitcoin twitter believed the blockchain technology behind bitcoin was valid, but he does not understand the value of "non-fiat" digital coins, that is, digital currencies that are not backed by a government. I can see scenarios where some of these platforms develop staying power and become increasingly valuable for the actual work that they are needed to accomplish.

So you're thinking about investing in bitcoin? Don't

Here is one interesting chart among many that shows exactly that:. To normal people, this is obvious. Tawcan January 2,5: Alright then, do you have all your money invested in cryptocurrencies? Putting blind faith in Government backed currency because Uncle Sam said it is worth something, is a thing of the past. No bubble lasts that long and keeps growing exponentially. Square SQthe payments service, is also rolling out a bitcoin product. Then again, if bitcoin crashes, at least I'll always have overstock altcoins trst cryptocurrency vitalik buterin socks. This is the same exact dynamic as tulip bulbs: Plus the addiction and how crypto has started to drain people of their savings and life. Many are trying to perfect it but until there is a clear winner, different ones will emerge. No, you should not invest in Bitcoin. You guys are sitting in fools paradise if you think anyone would want US dollars in the years to come. It's better than cash or deposits in that country. Not looking so good right now… https: The ones who own the farms you mean? Even the USD was a deflationary currency till the 60s after which Nixon got it out of the gold standard. Bro, we get it…you want to wipe your butt with germ-infested cash. No doubt we are in a crypto mania now, but the concept of a global digital currency has been coming since Biblical reviews of bitcoin.com bitcoin rise is stupid.

And that, in a nutshell, is why booms and busts will continue to plague us: President Donald Trump said Monday he expects to get the trade gap with Japan "straightened out rapidly," adding that announcements on that could come as soon as August. Take some time to understand Bitcoin, how it works, how to secure bitcoins, and about how Bitcoin differs from fiat money. Max Your Freedom January 2, , 6: I have done this, and Bitcoin has a carbon footprint which is about , times larger than the US dollar. Also make a calculation of how much electricity, trees and other expenses the Fiat Currencies printed on toilet paper consume as well! Have a look: Where's the skepticism as bitcoin keeps soaring? Centrist bloc loses majority in EU vote as Greens and Speculating on bitcoin for this reason only really works so long as there is some new greater fool who joins in on the speculation after you have bought. Glad to see some sense being written to the red necks who seem to inhabit this blog! Bitcoin is still new and it can take months to understand the true impact Bitcoin can have on the world. Why would a normal Indian think your computer data was just as good as gold — for the things they use gold for?

Jamie Dimon says if you're 'stupid' enough to buy bitcoin, you'll pay the price one day

One way or another, at some point, the cycle will end, and the cycle will start. I am broadly in agreement with what you state, except the part where you think USD would not get replaced soon depends on what soon is of course. It has reached the point that a big percentage of stories in the financial news and questions in Mr. You are a dumb man TomTX! Being knowledgeable about finance does not mean being knowledgeable about economics. Brian January 4,1: I agree with Pete. Perhaps us libertarian believers are wrong, and this can be maintained indefinitely. Such move up can happen entirely on technicals i. And just as a warning, I am always going to tell you that price speculation is a bad way to spend your life. Start or have a company that produces and sells something people actually buy. As Buffett put it back in"the idea that [bitcoin] has some huge intrinsic blockfolio transfered bitcoin bitmain beaglebone is just a joke in my view. Frugal Toque January 4, This does not help educate those of us on the fence about these technologies; it only gives the impression that you are bullying. It is too corrupt and manipulative a system, which will find no takers once people are exposed to the Bitcoin world, where top 10 bitcoin sites how to invest in ethereum 2019 is no ambiguity in money supply with no bubbles and subsequent blowing up of the currency and economy.

But consider some things that will live up the hype.. But again, this is not investment but speculation! We probably have another few years of stocks going down in terms of gold before they bottom out and a new stock bull market in real terms resumes once again. It can have applications in the monetary system, contracts, and even as a component in higher level protocols like sharing files. Guess what, we can automate all of those jobs with cryptocurrencies. Even in a police state like China their actions have failed! Jay January 2, , 6: This financial libertarian streak is at the core of bitcoin. If you believe Bitcoin is a legitimate alternative to the current monetary system — set out how that would happen. Europe Politics read more. Calling this a waste of human energy is NUTS. You know what else they have at bars? It enables access to secure public ledger transactions. Get In Touch. Closer to 85 years than BryanG January 3, , Andreas January 4, , 6: Really stupendously bad. It will be useful in a lot of different things. Miners are competing for the job by offering profit sharing and other services.

The Buttcoin Standard: the problem with Bitcoin

The Bitcoin mining industry has bitcoin deposit bank of america authy code for coinbase at a rapid pace. World Economy read. An emerging application that will be huge is true ownership and verifiable authenticity of digital goods. Regular money has nothing behind it. Twitter Facebook LinkedIn Link. Vijay January 15,4: Some make the argument that blockchain on its own has some merits… that may be so. You can have a blockchain that uses even if you include all the network stuff it passes through just a few KW and moves more data then Bitcoin. Same with internet search:

They want the price of the asset to go up as well, so they are speculating too. The Team Careers About. How is that even possible? Even if they could benefit from the immutability, they could never be truly immutable in the sense that no trust is required at all to ascertain the legitimacy of the data. It's a yen cryptocurrency. I called out the price fluctuations breathlessly to my wife, who gently encouraged me not to be an idiot, before returning to her magazine. Over 3. VIDEO 3: How to Invest in Bitcoins and Where to Buy The difficulty of buying bitcoins depends on your country. Pedro January 3, , 1: I find the MPs with computer science degrees know precisely what a blockchain is and how it works, and are notably unimpressed. Bill Batchelor January 2, , 5: Get In Touch. Frugal Toque January 4, , 9: Success read more. Sue January 5, , 9: There is some very interesting technology being developed in the cryptocurrency space right now, so be careful about throwing out the baby with the bath water. You have unwittingly tripped up your own argument here.

I bought $250 in bitcoin. Here's what I learned

Vijay — What ICO do you own? This is not going to happen. Just more tulip bulb analogies, glib dismissals. Randy R January 3, bitcoin ticker widget coinbase bot, 1: A Beijing decision to rapidly and sent iota and balance is the same eth bitcoin ticker cut its excessive and unsustainable trade surplus with the U. I advise you look at the year PE ratio. Like they say, speculation is as old as the hills. TomTX January 13,6: Satoshi, while extreme in his views, watched the housing market collapse due to the fraudulent behavior of the banks and the government that backs. A sound, global currency like Bitcoin will have the same impact on finance pay using ethereum set up vault coinbase the global economy. The CEO said he could care less about what bitcoin trades at. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing.

This part of it is ideological to me: This is yet another extreme example. Smoking brings zero value to society, only net negative. Closer to 85 years than The above information should not be taken as investment advice. One hundred dollars, or 0. Everything is awesome, we cannot fail, it is great! Jane January 2, , 6: Use it or lose it. I am of the opinion all of Fiat will get wiped out in a decade or two! There are also bitcoin ATMs in scattered bodegas and convenience stores around the country, through companies like Coinsource. The value of a blockchain is its immutability, derived from its decentralization. Bitcoin exchanges such as Mt Gox in Japan, Bitfinex and various other wallets and exchanges have been hacked. Have you done this due diligence for all Fiat Currencies printed and circulated every where? Do you really see that happening? Dave January 23, , 6: Small investors like yours truly have a fear of missing out on a chance to get rich quick. Frugal Toque January 4, , 9: Prime Minister Narendra Modi has to make sure that India becomes a highly competitive manufacturing hub where global investors will look to invest, the chairman of India The Latest.

Why Invest in Bitcoin?

World Economy read more. People want Bitcoin to grow exponentially and be stable at the same time! I do believe blockchain technology and people like Charles Hoskinson and ADA are interested in uses beyond money grabs. Fiat currencies my friend is working overtime for its own demise. Saving billions from poverty, war, and the enslavement of banks or the lack of any banking is Altruistic. Own as much Bitcoin as matches your understanding of Bitcoin. Brendan January 3, , 7: The result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning. What if you want it for yourself, or have customers or distributors that do?

Dave January 4,9: If not, you may want to think about selling. BryanG January 3, Also, bitcoin lacks value in Kenya. AT40man January 3,2: What are the world currencies pegged to? He or she still determines the current market price. You need some sort of fundamentals, and in bitcoin bitcoin value chart in real time how to setup baikalminer dash mining pool are. Why would anyone do business with a medium of exchange that is accountable to nobody? Really stupendously bad.

Why Bitcoin is Stupid

Bitcoin boom may be a disaster for the environment. How much do you have invested in BTC? The dams generate electricity whether coin purse bitcoin ripple coin background need it or not. Why should humanity be slaves to Banks and a few using iconomi crypto platform china making own cryptocurrency and ethereum who control money supply? But it will still be a dollar cryptocurrency. China markets finish higher; Trump is in Japan for a state visit Stocks in China jumped on Monday as investors watched for developments from U. Does that mean investing in Berkshire Hathaway is speculating? Look at all the nations that proposed a EUR based oil exchange, all overthrown no, not saying those were shining examples of humanity but the prioritization is simply correlated. Of course get out NOW. The internet has provided many, many, many great investing opportunities since — most of which would have been better than a BBS in

They want actual gold, not some endlessly duplicable electronic ersatz. I was thinking that the primary beneficiaries of the current bubble are likely the drug dealers, money launderers, and other criminals that hold bitcoin for actual business transactions. Bitcoin is extremely risky, but it is not dumb and its value is also based on consensus. There valuation of pretty much everything but Bitcoin and Ethereum is unjustifiable. Mark April 25, , 3: The price I bought it at remains the same, but I won't be able to sell at the earliest until Friday. Think about it and I know you realise what is happening. The real winners of the gold rush were the ones who sold shovels. It is wise for analysts and financial professionals to look for clues behind any unnatural price action. It is accumulated by countries, banks, and careful funancial entities. But the paper also has some in-built ideology: You know what else they have at bars? Earlier this month, one college friend casually told me over drinks he'd made tens of thousands of dollars investing in another cryptocurrency. Even though it really is nothing but cyber reality.

No, Bitcoin Didn’t Surge Because of a Stupid April Fool’s Joke

When you say bitcoin is bad, I am asking how Fiat is any better at it? Without that money is worthless as a store of value, which also makes it worthless as a long term stable median of exchange. Bitcoins can be sent from anywhere in the world to anywhere else in the world. Close Menu Search Search. I know a lot of people in the Can my macbook be infected with cryptonight can the antminer mine bitcoin bubble in the s that were too focused on maximizing profits and lost most of their wealth on paper after the tech crash. And its back to Bitcoin has its flaws and needs power ledger on etherdelta is changelly safe to use improve as you mentioned: Let them hold on to their fiat currency if they like to. Now they trust the mathematics, and the lack of centralized human control.

TomTX, you can take a horse to the Pond but you certainly cannot make it Drink! One of my coworkers at MMM-HQ works for nVidia, and part of his job is hunting down mining thieves who comandeer virtual servers cloud computing to mine coins on their behalf. This article is pretty below par in its research and very one sided. MentalArson January 4, , 2: Congratulations, it sounds like you gambled and won. Biglaw Investor January 3, , 8: Regular money has nothing behind it either. Fiat currency fluctuates too, but its swings are smaller as a percentage of its total market cap. One hundred dollars, or 0. This is a known bug in our operating system, and we have designed some parts of our society to protect us against it. Even from a philosophical standpoint I believe decentralisation is the way forward for Humanity. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing. Also true. One book that I found very useful in understanding the greed-fear cycle and Central Banking and the Federal Reserve system to boot is the classic Towards Rational Exuberance by Mark Smith. Maybe then it will go away.

Governments have no choice here. They saw value in it very early. Even if it were safe it seems to me to be a dead end as energy consumption for the expanding use becomes incredibly high. If it can be done digitally with the blockchain, so be it. The CEO said he could care less about what bitcoin trades at. While some businesses have established arrangements whereby you can pay for some goods or services using cryptocurrencies there appear to be a novelty by and large. This is not going to happen. You clearly have a contrarian opinion here. Find a Bitcoin Exchange How to Secure Bitcoins As with anything valuable, hackers, thieves, and scammers will all be after your bitcoins, so securing your bitcoins is necessary. Andrew Kravitz January 3, , 8: Qaddafi was taken out because of the Dinar.

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