EPTDuh, that's obvious. Never pay more for a crypto coin than it's innate value.
Bitcoin discussion thread - Page 50
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KwarK
United States43210 Posts
Duh, that's obvious. Never pay more for a crypto coin than it's innate value. | ||
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pink_disaster
15 Posts
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ShoCkeyy
7815 Posts
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DarkSpearTriant
6 Posts
On January 09 2018 19:37 pink_disaster wrote: I guess you have to do a lot of research before investing, not as easy as it looks exactly, investing in anything is never a simple matter. | ||
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Chrono000
Korea (South)358 Posts
just buy and hold btc, thats all. | ||
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KwarK
United States43210 Posts
Just like I do with my Enron stock. People who sell are suckers. The price will recover eventually. | ||
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ragnasaur
United States804 Posts
TL coming out with a coin? | ||
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pmh
1366 Posts
They should do it now, now that there are still not that many regulations. They should be fast as well because this probably wont last,everyone being able to print their own money which is worth whatever the market gives for it. Its like being back in my childhood when we played border patrol. Everyone who wanted to pass our border had to pay 100, which was just 100 written on a small piece of paper. We had a great economy based on this. At one point I started making certified 100,s and would only accept my own 100 bills,urging my friends to do the same. It didn't really pan out that way but we did have lots of fun. Never thought it would make it into the real world but here we are. Regulations will come for sure,there is no way they will keep allow everyone to make their own "coin" as in the end it is a sort of pyramid sceme. So if you wanna cash in with your own coins you better be quick I think. | ||
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aseq
Netherlands3986 Posts
Some coins don't seem to have any function except to raise money (kuch*Dentacoin*kuch). There should also be plenty of startups that use blockchain technology for things other than currency, but those aren't visible right now. Making a LiquidCoin would be fun, but I don't really see the point. | ||
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ShoCkeyy
7815 Posts
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aseq
Netherlands3986 Posts
So sure, TL could make another Dogecoin, but it's extremely late to the party. There are already more than enough useless coins: Potcoin, Trumpcoin, Insanecoin, Unobtainium, Putincoin. | ||
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KwarK
United States43210 Posts
Can't buy them at all at first, can only buy more if you run out of coins, and even then only in $5 bags or whatever. Show a leaderboard somewhere. The money used to buy coins goes into a fund for a buyback at the end of the season. I think that'd be super fun. | ||
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sob3k
United States7572 Posts
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ragnasaur
United States804 Posts
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Paljas
Germany6926 Posts
On January 09 2018 14:37 KwarK wrote: Duh, that's obvious. Never pay more for a crypto coin than it's innate value. nice | ||
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fishjie
United States1519 Posts
On January 10 2018 05:43 KwarK wrote: Just like I do with my Enron stock. People who sell are suckers. The price will recover eventually. enron was a single corporation run by crooks with no transparency. bitcoin is decentralized with a public ledger so i dont think that comparison is valid | ||
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KwarK
United States43210 Posts
On January 16 2018 07:01 fishjie wrote: enron was a single corporation run by crooks with no transparency. bitcoin is decentralized with a public ledger so i dont think that comparison is valid Enron had a product, bitcoin is a way of trading electricity for lines in a ledger. Decentralization isn't a product. | ||
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fishjie
United States1519 Posts
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evilfatsh1t
Australia8764 Posts
On January 16 2018 09:37 fishjie wrote: decentralization is a key feature. people are tired of central banks destroying their money with massive inflation via QE and TARP and 0% interest rates. gold is an inflation hedge that people flocked to when the central banks were doing their bs, but gold has no intrinsic value either, i guess other than its value as a semiconductor. but its not why people flock to gold. same with cryptos gold and cryptos are nothing alike. gold does have intrinsic value and is an actual commodity unlike cryptos. gold and silver get their intrinsic value from being the only 2 items on earth that can be used as currency. when fiat currency fails humans will turn to gold and silver for mediums of exchange because theyre the only 2 elements on the periodic table that are suitable for the job. compare that to digital currency that literally serves no purpose and has no value | ||
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IgnE
United States7681 Posts
On January 16 2018 13:11 evilfatsh1t wrote: gold and cryptos are nothing alike. gold does have intrinsic value and is an actual commodity unlike cryptos. gold and silver get their intrinsic value from being the only 2 items on earth that can be used as currency. when fiat currency fails humans will turn to gold and silver for mediums of exchange because theyre the only 2 elements on the periodic table that are suitable for the job. compare that to digital currency that literally serves no purpose and has no value the only 2 elements on the period table suitable for the job?????? | ||
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