I just bought $200,000 of Bitcoin

[davidst01]

Just now, Muzzique said:

I actually build Crypto and Blockchains 

Yes, sure you do. And Im a brain surgeon. 

[davidst01]

On 2/15/2022 at 4:41 PM, sirineou said:

As far as I can tell , it is pyramid scheme dependent on the greater fool theory, 

Schemes like that work well until there is no greater fool and you are the greater fool. 

No doubt you are bitter for missing out buying bitcoin early??

[davidst01]

14 minutes ago, Muzzique said:

I actually build Crypto and Blockchains 

You dont have to try and impress me. ha ha

[lkn]

6 hours ago, davidst01 said:

No doubt you are bitter for missing out buying bitcoin early??

So what you are saying is that those who bought early will be rewarded, but not us late-comers because we hesitated for too long? Right, that does not at all sound like a pyramid scheme… ????

[lkn]

6 hours ago, davidst01 said:

Do you know you should keep it on a hardware wallet?

You should have at least 3 backups of your private keys, not just a single hardware wallet!

[shdmn]

Crypto moonboys are investors about as much as gamblers are.  

[pomchop]

How about a good old fashioned chain letter....what could possibly go wrong?

[Sparktrader]

Bitcoin cant go to zero. It goes up and down. It has millions of buyers.

 

13 years old. If it was going to zero it would have occurred already.

[Sparktrader]

1 hour ago, shdmn said:

Crypto moonboys are investors about as much as gamblers are.  

Which gamblers are billionaires?

[Sparktrader]

2 hours ago, lkn said:

So what you are saying is that those who bought early will be rewarded, but not us late-comers because we hesitated for too long? Right, that does not at all sound like a pyramid scheme… ????

No fiat is pyramid scheme.

 

Coins are more like shares. Apple shares were cheap 20 years ago.

[sirineou]

8 hours ago, davidst01 said:

No doubt you are bitter for missing out buying bitcoin early??

Is that a statement or a question? Make up your mind. You say "No doubt" but your question marks at the end seem to indicate otherwise. 

To your question:

Not at all. I make rational decisions based on logic and historic trend , and not on Greed. 

No doubt many have made easy money on bitcoin. but such gains always come at a cost. When I studied economics at University  the first lesson we learned was that "there is no such thing as a free lunch" When it is all said and done, someone has to pay. The bitcoin phenomenon is not the first time such situation has occurred , I am sure it goes much ,much further, but it is first documented in the  The Dutch tulip bulb market bubble in the  mid 1600s when speculation drove the value of tulip bulbs to extremes. When the bubble burst many were left holding the bag. Out of Studying that incident the "Greater fool" phrase was coined. 

   The desire for quick, easy gain is great in all of us, I am not immune, but my strength to resist such impulse  has served me well in life.  

[Sparktrader]

Inverted hammer buy signal

[steven100]

[tonray]

55 minutes ago, Sparktrader said:

Inverted hammer buy signal

Thai Watsadu 300 baht

[Sametboy2019]

I personally wouldn't buy a asset that had a ATH only a few months ago.

Alot of people believe Bitcoin has entered a bear market.

You would be better off looking at some utility coins that haven't hit a ATH for long while.

[Sametboy2019]

5 hours ago, lkn said:

So what you are saying is that those who bought early will be rewarded, but not us late-comers because we hesitated for too long? Right, that does not at all sound like a pyramid scheme… ????

It's late for bitcoin because now it's old technology compared to the next generation blockchain and dag technology.

So buying bitcoin now imho may result in gains if you buy at the right time but it's not going to lead to life changing wealth like it used to. 

Others may argue that it's a digital store of value but where is the value?

At least Gold and silver can be used for things.

Now the newer technology has the potential to make you very rich but don't trust anyone on the internet.

Do your own research!

[Whale]

2 hours ago, Sparktrader said:

Inverted hammer buy signal

I love your posts :+) 

[Whale]

19 minutes ago, Sametboy2019 said:

but don't trust anyone on the internet.

Never a truer word spoken. The truth is no one knows will it go up, down or stay the same. Today, tomorrow and in the future.

 

The best arrow one can have in one's quiver is scepticism.

[Pravda]

It's a crypto massacre, lol!

[steven100]

[steven100]

Heavy losses on all markets and BTC as just announced Russia officially declares war on Ukraine  

[steven100]

Markets tumble worldwide as Russia moves in on Ukraine.  Putin just announced on national television. 

[steven100]

Markets tumble as Russia moves into Ukraine.

Mr Putin warned other countries that any attempt to interfere with the Russian action would lead to "consequences they have never seen."

 

 

 

 

 

[davidst01]

5 hours ago, sirineou said:

Is that a statement or a question? Make up your mind. You say "No doubt" but your question marks at the end seem to indicate otherwise. 

To your question:

Not at all. I make rational decisions based on logic and historic trend , and not on Greed. 

No doubt many have made easy money on bitcoin. but such gains always come at a cost. When I studied economics at University  the first lesson we learned was that "there is no such thing as a free lunch" When it is all said and done, someone has to pay. The bitcoin phenomenon is not the first time such situation has occurred , I am sure it goes much ,much further, but it is first documented in the  The Dutch tulip bulb market bubble in the  mid 1600s when speculation drove the value of tulip bulbs to extremes. When the bubble burst many were left holding the bag. Out of Studying that incident the "Greater fool" phrase was coined. 

   The desire for quick, easy gain is great in all of us, I am not immune, but my strength to resist such impulse  has served me well in life.  

I assume you are aged in your 70s or 80s. Its only this demographic who keep mentioning tulips....

 

Wait for a western government to start buying bitcoin. The price will explode. Its going to happen one day. 

 

You have missed out on the biggest financial opportunity in life bc you are old fashioned and blind sighted. 

[davidst01]

7 hours ago, lkn said:

You should have at least 3 backups of your private keys, not just a single hardware wallet!

Your statement indicates to me that you have no idea what you're talking about

[Pravda]

I'll go with 7 keys. I like the number.

[Sparktrader]

Normal sell off 

Final desperate sellers

Then move up

Hold the line gents

[steven100]

 

 

[Sparktrader]

4 hours ago, tonray said:

Thai Watsadu 300 baht

Left handed hammers 400 baht

[Sparktrader]

Rsi buy