At this point, speaking for the general public thinking of jumping in. In my opinion it is too small a chance for any life changing profits to be made, even if I or anybody on here dropped $1000 (which is more than most are willing to invest) on BTC while it is at $10,000, and BTC went up to $15,000 (which IMO is pretty unlikely anyways) you'd only make $500. That is $500 possible profit, with a more likely chance of losing $1,000 if everybody panic sells.

And yeah, I or you can sit here and whine that we didn't jump on the badwagon earlier, I had nearly 1 BTC back when it was worth $600 and lost it because of the Mintpal issues. So I can sit here and say, well sh.it I'd have a nice $9,000 right now if that didn't happen, but to be honest that probably wouldn't even be the case.

When BTC jumped to $2,000 knowing myself I probably would have used that as my mark and sold. Nevermind all of the other spikes it had, and the temptation of selling.

Even when I had almost 1 BTC when it was at $600 it wasn't any life changing money I was going to be making, and it was still a pretty large investment on something extremely volatile.

The chance for life changing money to be made has long passed in my opinion. Yeah if you bought a bunch of BTC back when it was worth pennies, great. But there is a very very very small percentage of people that would have held it to this point.

Looking at BTC realistically, for the general population it is a way to "get rich quick" I'd say 90% of people jumping on have no clue how it even functions, nor do they care. They are just buying for the chance to sell later and make a quick profit. Which makes me hesitant to look at it as a realistic investment, because although there are many uses for it, I don't see it catching on any time soon. People still have a hard time adapting to online banking, how can I fathom them grasping this technology and actually putting it to use in the foreseeable future?

Anyways, I honestly hope the miscers who got in early and are still holding do make a lot of money. But some of the posts about people getting in now and investing a couple hundred dollars thinking they are going to be billionaires is just lol. To get rich off it now, you're going to have to either already be quite wealthy to put in a large enough initial investment. Or be a complete gambler and put a bunch of your savings into it.

what are you going to do with the money instead? buy clothes? get some fast food?

this is the wrong mentality, you can legit just put a little in bitcoin every week. profit is profit.

time in the market is better than timing the market


-Jack Nickelson

Place it in a secure investment, rather than risk losing it to an extremely volatile virtual coin that I do not believe in.

There are plenty of other investments that while probably not having as much of a chance to rise as substantially in a short period of time, are much safer.

Your point if you would call it that, of "profit is profit" does not apply here, as my argument is that it is too volatile to justify risking a large amount for what in my opinion isn't a large enough reward anymore. So please, do not tell me about my "wrong mentality" when the only thing you can reply with is a vague guess on what an anonymous user on the internet would rather spend their money on, and some general statement that has no application to what I said.

Why would I consider putting my money into bitcoin every week if it was not something I believed in? Suggesting me to do that, and telling me any thought otherwise is "the wrong mentality" is terrible advice.

Most of them dont. Even the seasoned ones that made millions off it. Its a guessing game. Only thing u can do is educate yourself on the market and take risks on stocks u feel more confident on doing well.

Hours later...and this thread brought some lolz

I love reading these threads and hearing the opinions of totally clueless crypto noobs.

"It's a scam." "It's gonna crash." "I'm gay."

Lollllllllllllllllllllllllllll.

BTC, ETH, LTC, XRP to the moon.

Misc shilled Eth at 10$(475 now), OMG at 45 cents(9$ now), NEO at 3$ (40$ now)... If you have been miscing since 2016 and you are now just deciding to jump in to crypto I have some bad news...

And do you know how many coins they shilled that crashed completely and are worth absolutely nothing? A lot.

$9,692.16

Oh boy, this'll make your day:

https://forum.obnoxiousbrutes.com/showt...249701&page=10

Those couple pages of posts from early Jan when it crashed from $1100 to like $700 or w/e.

How easy is it to cash out on BC? I have a feeling it’s gonna grow so much attracting people investing a lot of money in it then suddenly bubble burst and people will be left with literally nothing. Who would you complain too then?

I have a feeling it’s all part of a bigger plan to fk people over. Might be wrong though. We shall see

People don't realize though, that this exact thing can happen with literally everything on earth.

What happens when heavy investment institutions buy in bulk for a short term gain and the prices sky rocket? As it begins to stagnate people begin to worry that it will fall down and all it takes is for a heavy investor to cash out and then the price will decrease severely. Such a price fall would turn into an avalanche since everyone would want to keep what they've earned or at least secure their initial investment.

Notice how everyone in here is buying crypto to later sell it. They aren't buying it to use it.

This has been going on since the beginning of Wall St. Whales manipulate the price up, people FOMO in, whales sell, people FUD out - repeat at various intervals.

Thanks for that incredible insight, Warren.

$9900+

lol

Hahaha...this is so amazing.

Everyone who invested early must be feeling like




While the ones that didn't

10K nicciz

$11,276.83 Nicciz

Most brokers have a relatively low limit as to what can be bought or sold in one week. The removes the possibility of large corporations buying in bulk for short gains, and also for large stakeholders to crash the price by cashing out (which could probably happen otherwise, there are probably people with 10's of millions in bitcoin). Actually pretty genius, if Bitcoin crashes it will have to be because a large portion of the holders sold at the same time.

Banking and investment corporations could play a hand here by:

1) Encourage mortgage's and bank loans to buy Bitcoin with the chance of low interest repayment via installments.
2) Sell in bulk with other major investors after a while.
3) Watch people lose property and assets as collateral as Bitcoin plunges down.
4) Buy cheap and resell the foreclosed properties/assets.

I have never heard of a futures thing that lets you bet on the worth of something in the future lol
sounds made up

what are you guys using other than coinbase? I downloaded the app which is nice for real time price etc. But everything says the fees to sell are crazy high.

So what are you guys using to buy/sell that is REPUTABLE/INSURED...and are you linking to a bank account (create a new checking account with several grand "play money") and sync it to the botcoin site/app?

I want to be able to buy and sell and have the transaction hit my bank account by EOD. Is there anything out there site/app wise that allows this?


Also what is "cold storage" and how does it differ from having your money in an app like coinbase?