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| Howard_Casto:
We'll figure it out one of these years. I want all the old timers in one place, even if it's only once. Maybe get Saint to come.... he can wear his pac-man suit. ;) |
| yotsuya:
This headline pretty much sums up my thoughts on cryptocurrencies... |
| yotsuya:
https://motherboard.vice.com/en_us/article/yw5ygw/ethereum-startup-prodeum-vanishes-after-seemingly-making-11-leaves-message-penis?utm_source=vicefbus |
| danny_galaga:
What's funny about all the hype (on ANY speculation) is that you hear about huge gains. X was this price in 2012, and now it is 20 times that price. Psychologically we think 'Man, some people must be rolling in it now and I missed the boat'. The thing is, almost no one will have been in from the get-go to this point in time. You can bet 90% of people currently holding whatever it is bought it at 19.5 times the original price in the last month or so. People jump out for many reasons and at many profit margins. So there are a stack of steps from 2012 to now. And each step is people selling out, and others buying in. Maybe the actual average profit, instead of being 2000%, is actually 5%. Not bad at all if you had it for a month or so, but nothing to write home about... |
| dkersten:
--- Quote from: danny_galaga on January 31, 2018, 09:43:52 am ---What's funny about all the hype (on ANY speculation) is that you hear about huge gains. X was this price in 2012, and now it is 20 times that price. Psychologically we think 'Man, some people must be rolling in it now and I missed the boat'. The thing is, almost no one will have been in from the get-go to this point in time. You can bet 90% of people currently holding whatever it is bought it at 19.5 times the original price in the last month or so. People jump out for many reasons and at many profit margins. So there are a stack of steps from 2012 to now. And each step is people selling out, and others buying in. Maybe the actual average profit, instead of being 2000%, is actually 5%. Not bad at all if you had it for a month or so, but nothing to write home about... --- End quote --- A few months back though there were a lot of people who had forgotten they had some bitcoin and suddenly heard it was worth 10 or 15 thousand dollars, but it certainly wasn't like they knew they had it and were holding out for it to reach $15k. If they had discovered they had it when it hit $1k they probably dumped it. And the fact is, if bitcoin ever hits $30-40k, there will be another wave of hype and people will discover more coins they didn't realize they had. Otherwise I completely agree, anyone who is even a little aware of what is going on is not sitting on bitcoin that cost them 3 cents waiting for it to hit $20k... |
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