Bitcoin. Any experts/owners?

[65fastback2plus2]

More Ripple fun. Look at the last paragraph. Everyone is pipping their own horn as if it's truth, yet everyone is yelling different things. THIS is why all these cryptocurrencies are just speculation.

I love how the Ripple guys give away a 0.01 option deal worth 5 billion of their currency units. Offering a deal like that is only done by a complete and utter moron or a "Nigerian scam artist".

Ripple Countersues in $12 Billion Fight Over XRP Options

http://fortune.com/2018/01/09/cryptocurrency-ripple-xrp-lawsuit/

Finally, look at Ethereum. It's going up while others flap or fall. Looks like Ethereum is the next pump play waiting for the gold rush to start to begin the dump stage.

How is offering to let someone buy something for $5 billion when it was only valued at $2.5 billion when signed any kind of scam?

Companies do options agreements like this all the time for funding.

This was basically a huge bonus structure for R3 to do something and R3 failed to follow the terms of the agreement. Mostly because they didn't intend to exercise the option at the time.

 

[3rd_n_inches]

Bitcoin was popularized in the mainstream media after the blackmarket site “Silkroad” was shut down. Bitcoin was used instead of cash so money could not be traced to a drug dealer or drug buyer. Is there a future in it? If amazon buys into it sure.

 

[YosemiteSam]

How is offering to let someone buy something for $5 billion when it was only valued at $2.5 billion when signed any kind of scam?

An offer of $2.5B for $0.01 == Ether a complete fool, or a scammer.

/Case closed.

Look, you touted coins and lost. (well, possibly, I have no idea when / where you entered the market) You switched to Ripple and then lost again. While there is a possible dice roll that could account for a win at some point again for you. Your odds are extremely long. A lot longer than the stock market is today. All this cryptocurrency is speculation. Whether it turns out a viable investment at some point. Right now it is 200% speculation. There is absolutely no guarantee it survives the HUGE fight it has ahead of it. (speculation OR governmental regulation) The **** is gambling period. Gambling is dangerous. You must balance risk vs reward. To win in the long run, you MUST balance them. There are a billion speculative short term winners who are dead broke today. There will be a billion more tomorrow no matter if cryptocurrency survives or not.. Will you be one of them? 1 in 100 billion win the lottery. What are the odds you win the cryptocurrency lottery?

The coffee has been ground up. Smell it, or get buried with it.

 

[65fastback2plus2]

An offer of $2.5B for $0.01 == Ether a complete fool, or a scammer.

/Case closed.

Look, you touted coins and lost. (well, possibly, I have no idea when / where you entered the market) You switched to Ripple and then lost again. While there is a possible dice roll that could account for a win at some point again for you. Your odds are extremely long. A lot longer than the stock market is today. All this cryptocurrency is speculation. Whether it turns out a viable investment at some point. Right now it is 200% speculation. There is absolutely no guarantee it survives the HUGE fight it has ahead of it. (speculation OR governmental regulation) The **** is gambling period. Gambling is dangerous. You must balance risk vs reward. To win in the long run, you MUST balance them. There are a billion speculative short term winners who are dead broke today. There will be a billion more tomorrow no matter if cryptocurrency survives or not.. Will you be one of them? 1 in 100 billion win the lottery. What are the odds you win the cryptocurrency lottery?

The coffee has been ground up. Smell it, or get buried with it.

You sound jelly. None of that is true lol

 

[YosemiteSam]

You sound jelly. None of that is true lol

Yeah? Warren Buffett (one of if not the MOST successful investors of all time) was asked what he thought of cryptocurrency and if he would invest in it. His response was, yes he would. If I could, I would do a 5 year PUT (option term) on it. lol.

For those who don't know what a PUT option is, Definition of a PUT option.

Yeah, he would sucker everyone who invested in cryptocurrency today out of their money. ie, your $14k investment today, would be $14k in Warren's pocket in five years. In other words. He (like I've said) knows, cryptocurrency has ZERO intrinsic value and therefore is completely worthless. The perceived value in it right now is 110% speculation! The value of cryptocurrency today is on the breath of scammers looking to take careless speculators to the bank!

GET OUT AND STAY OUT!

 

[Reality]

Yeah? Warren Buffett (one of if not the MOST successful investors of all time) was asked what he thought of cryptocurrency and if he would invest in it. His response was, yes he would. If I could, I would do a 5 year PUT (option term) on it. lol.

For those who don't know what a PUT option is, Definition of a PUT option.

Yeah, he would sucker everyone who invested in cryptocurrency today out of their money. ie, your $14k investment today, would be $14k in Warren's pocket in five years. In other words. He (like I've said) knows, cryptocurrency has ZERO intrinsic value and therefore is completely worthless. The perceived value in it right now is 110% speculation! The value of cryptocurrency today is on the breath of scammers looking to take careless speculators to the bank!

GET OUT AND STAY OUT!

The large investors are making money daily through manipulation while the small average investors (regular people) are treating it like a real investment and holding on to it as long as they can before selling. That's gambling when it comes to purely speculation-based investments. The large investors are playing the game the smart way which is to make money daily through large transactions. The large volume transactions create a fake demand, which drives up the price which helps make them money daily.

The reason the large investors are smart is because they make money every day regardless of whether it goes higher each day. For a small investor who invests when bitcoins are at let's say $15,000, they are having to wait until bitcoin is worth $16k, $17k, etc. to make money and then it's only if they sell at that price which offers them a one-time return. The large investors don't care about that at all. They are basically manipulating the price up and down and making small returns on a lot bitcoins every single day regardless of the overall price of bitcoin.

 

[YosemiteSam]

The large investors are making money daily through manipulation while the small average investors (regular people) are treating it like a real investment and holding on to it as long as they can before selling. That's gambling when it comes to purely speculation-based investments. The large investors are playing the game the smart way which is to make money daily through large transactions. The large volume transactions create a fake demand, which drives up the price which helps make them money daily.

The reason the large investors are smart is because they make money every day regardless of whether it goes higher each day. For a small investor who invests when bitcoins are at let's say $15,000, they are having to wait until bitcoin is worth $16k, $17k, etc. to make money and then it's only if they sell at that price which offers them a one-time return. The large investors don't care about that at all. They are basically manipulating the price up and down and making small returns on a lot bitcoins every single day regardless of the overall price of bitcoin.

Absolutely! That is, it's easy for the rich to get richer while the poor get poorer. Money is the catalyst and the more money you have, the higher perceived value someone can falsify within the market. The higher the perceived value someone can falsify, the more of speculators they can get moving in a herd mentality positive to their scam. This is exactly like the Nigerian scam, only different subject matter. The illusion of quick riches evokes people to put up their life savings only to end up suckered out of that very savings.

 

[YosemiteSam]

lol

Bitcoin falls 10% as one of the world's biggest cryptocurrency markets readies a bill to ban trading

GET OUT NOW!!! THEY ARE BANNING IT FOR A REASON!!!!!!

 

[YosemiteSam]

Bitcoin Is the New Gold, Says Goldman

Goldman Sachs says what? Sounds positive right? ...until you read the article.... ..yeah, that speaks of shutting down BC and crackdown on corruption in the BC market...

This is your brain. This is your brain on drugs....

 

[Reality]

lol

Bitcoin falls 10% as one of the world's biggest cryptocurrency markets readies a bill to ban trading

GET OUT NOW!!! THEY ARE BANNING IT FOR A REASON!!!!!!

A lot of bitcoin and ethereum trading is done by South Koreans so that might have a large impact if/when the ban takes effect.

 

[Reality]

Coinbase bug let Overstock users pay in Bitcoin Cash, get refunds in Bitcoin
https://thenextweb.com/hardfork/2018/01/10/coinbase-overstock-bitcoin-cash/

 

[Quickdraw]

Can't believe they mentioned on the news that bitcoin might replace money. Never was into that whole bitcoin thing.

 

[65fastback2plus2]

Yeah? Warren Buffett (one of if not the MOST successful investors of all time) was asked what he thought of cryptocurrency and if he would invest in it. His response was, yes he would. If I could, I would do a 5 year PUT (option term) on it. lol.

For those who don't know what a PUT option is, Definition of a PUT option.

Yeah, he would sucker everyone who invested in cryptocurrency today out of their money. ie, your $14k investment today, would be $14k in Warren's pocket in five years. In other words. He (like I've said) knows, cryptocurrency has ZERO intrinsic value and therefore is completely worthless. The perceived value in it right now is 110% speculation! The value of cryptocurrency today is on the breath of scammers looking to take careless speculators to the bank!

GET OUT AND STAY OUT!

Wrong.

Block chain is a technology and can be pared with software. Which, ironically, is what Ripple does, for example.

Ever heard of Microsoft or Apple? Just software companies. Ya, ew, don't invest in promising startup companies. Wouldn't want you to have bought in to MSFT or AAPL 20 years ago. Horrific investment.

/Sarc

 

[65fastback2plus2]

lol

Bitcoin falls 10% as one of the world's biggest cryptocurrency markets readies a bill to ban trading

GET OUT NOW!!! THEY ARE BANNING IT FOR A REASON!!!!!!

Government has banned all kinds of stuff for no reason. So, get a grip.

Further, what if, say, there was a crypto asset that say, the Korean government approved of and banks we're using and intending to use? Sounds like one that'll stay around and you should invest in, right?

Hmm
https://ripple.com/insights/top-kor...k-consortium-modernize-cross-border-payments/

 

[65fastback2plus2]

Can't believe they mentioned on the news that bitcoin might replace money. Never was into that whole bitcoin thing.

Block chain and digital currency will replace money.

Bitcoin replace money? No.

 

[Rockport]

Block chain and digital currency will replace money.

Bitcoin replace money? No.

Maybe some day, but not anytime soon. The big financial institutions that make all the money on current digital currency in the form of fees will fight it tooth and nail to the end. Governments will be behind them because they butter their bread.

 

[65fastback2plus2]

Maybe some day, but not anytime soon. The big financial institutions that make all the money on current digital currency in the form of fees will fight it tooth and nail to the end. Governments will be behind them because they butter their bread.

This is incorrect, however. Its a nice thought, but is false.

Example:
https://**********/content/a8d997a0-6605-11e7-8526-7b38dcaef614

and

http://www.telegraph.co.uk/news/2017/12/30/bank-england-plots-bitcoin-style-digital-currency/

Again, thats why I have invested how I did. I chose the software company that is producing something useful that over 100 banks and governments have approved of and are actively using.

 

[YosemiteSam]

Government has banned all kinds of stuff for no reason. So, get a grip.

Further, what if, say, there was a crypto asset that say, the Korean government approved of and banks we're using and intending to use? Sounds like one that'll stay around and you should invest in, right?

Hmm
https://ripple.com/insights/top-kor...k-consortium-modernize-cross-border-payments/

You just quoted an article from ripple.com. That's like going to a car dealer and asking the dealer which car maker makes the best cars. If you want truth, you must obtain it from a non-biased source.

While what the article says could be 100% true, I won't even attempt to read it due to it's source. A bias source.

 

[DoctorChicken]

 

[YosemiteSam]

Wrong.

Block chain is a technology and can be pared with software. Which, ironically, is what Ripple does, for example.

Ever heard of Microsoft or Apple? Just software companies. Ya, ew, don't invest in promising startup companies. Wouldn't want you to have bought in to MSFT or AAPL 20 years ago. Horrific investment.

/Sarc

By all means, put your life savings into it and go take out a loan like they say 18% of cryptocurrency investors have done.