Bitcoin, will you join the pyramid scheme and get rich?

[DapperJong]

Apparently one just quoted me

Sorry can't read your post too much money in my way

 

[craffles]

Just moved my crypto from coinspot to Cryptopia but now Cryptopia is only really using BTC to exchange. Annoying

 

[A Cut Above]

http://www.theage.com.au/business/m...trading-exchanges-raided-20180111-h0h0cg.html

Beginning of the end for cryptocurrencies as other countries follow suit?

 

[maryjames]

http://www.theage.com.au/business/m...trading-exchanges-raided-20180111-h0h0cg.html

Beginning of the end for cryptocurrencies as other countries follow suit?

Fake news

 

[Paul Kersey]

Its good for buying and selling contraband. Bet Bomber has a few coins.

 

[Packedlunch]

A number of enterprising non tech companies in the American exchange and other are rebranding themselves to a techy sounding name in order to scam the Tyreboys of the world and join in the crypto gold rush!

Long Island Icedtea Corp for eg rocketed in price after renaming themselves Longblock chain. Genius!

Unrelated to this I would like to now announce my new user name

Blockedlunch.

Show me the money bitches!

http://www.marketwatch.com/story/lo...er-public-stock-offering-cancelled-2018-01-09

 

[hawkman]

I’m in. Get the rest of these flogs on to it we will make a killing.

Current price. 0000000000.048

See it going to 6.900000 by Years end.

I would be happy if it just went up by 119%

 

[Bayer_]

A number of enterprising non tech companies in the American exchange and other are rebranding themselves to a techy sounding name in order to scam the Tyreboys of the world and join in the crypto gold rush!

Long Island Itea Corp for eh rocketed in price after calling themselves Longblock chain. Genius!

Unrelated to this I would like to now announce my new user name

Blockedlunch.

Show me the money bitches!

http://www.marketwatch.com/story/lo...er-public-stock-offering-cancelled-2018-01-09

Doss should be able to arrange that name change for a few Lunchcoin.

 

[Laphroaig]

Bought bitcoin two years ago... all I can say is get on peeps. You won’t regret it. I’m looking to redraw the mortgage a little and will have paid the house off in full with the profit by this time next year

It's rather more likely that you will be homeless.

 

[Laphroaig]

Dudes are missing out big time. Go to coinmarketcap and look at all the trading that can be done then look at the percentage of growth that has happened let’s say since day 1 or the last 12 months. It’s embarrassing to me that everyone is not doing this.

When the growth of ANYTHING is solely the result of attracting new investors, and the item in question has no underlying increase in tangible value, there is a name for it. In fact several names.

Lets go with the polite one. A bubble.

And it's highly predictable when a bubble is about to burst. That's when people with **** all financial knowledge stampede into it and sing it's praises to the rooftops. Typically including statements that it up is the only way prices go.

Wise old stockbrokers used to make the cautionary warning: The day the elevator boy starts talking about his stock market gains is the day anyone with any sense gets out of the market.

You really should have a think about whether you are an elevator boy.

PS. Past increases have no relevance whatsoever on the future value of anything. That is not rocket surgery. It's provable maths.

 

[maryjames]

When the growth of ANYTHING is solely the result of attracting new investors, and the item in question has no underlying increase in tangible value, there is a name for it. In fact several names.

Lets go with the polite one. A bubble.

And it's highly predictable when a bubble is about to burst. That's when people with **** all financial knowledge stampede into it and sing it's praises to the rooftops. Typically including statements that it up is the only way prices go.

Wise old stockbrokers used to make the cautionary warning: The day the elevator boy starts talking about his stock market gains is the day anyone with any sense gets out of the market.

You really should have a think about whether you are an elevator boy.

PS. Past increases have no relevance whatsoever on the future value of anything. That is not rocket surgery. It's provable maths.

Bubble. I first bought in bitcoin and dropped 70 percent. I bought more. Go figure. They called it a bubble then. Lol

 

[Laphroaig]

Bubble. I first bought in bitcoin and dropped 70 percent. I bought more. Go figure. They called it a bubble then. Lol

I think we have confirmed that you are indeed the elevator boy.

 

[David Schwarz]

Cfieh , it's time to put your money where your mouth is - or your cryptocurrency where your anus is, or whatever you're supposed to say now - with your grand plans for BigFooty domination

 

[maryjames]

I think we have confirmed that you are indeed the elevator boy.

Look sell whatever property you have and go all in crypto. A dude in the US did start of the year. Made a killing.

 

[Laphroaig]

Look sell whatever property you have and go all in crypto. A dude in the US did start of the year. Made a killing.

Funnily enough I know two couples who did that in 1986-87, by borrowing against their fully owned homes.

Both couples made impressive profits in the market. One couple saw the stampede of elevator boys coming and cashed out. They still had to keep working, but their GAMBLE had jumped them several steps up the wealth ladder.

The other couple continued to roll into more and more shares, and expanded into the futures market. The profits accelerated. They were going to be RICH!!!

On October 20 1987 they lost everything in 24 hours. Including the house they had owned in full only 18 months before.

 

[David Schwarz]

Look sell whatever property you have and go all in crypto. A dude in the US did start of the year. Made a killing.

Sell your parents and the kids too, there's no ceiling to something that's jumped since the 3rd of January, 2017

 

[maryjames]

Funnily enough I know two couples who did that in 1986-87, by borrowing against their fully owned homes.

Both couples made impressive profits in the market. One couple saw the stampede of elevator boys coming and cashed out. They still had to keep working, but their GAMBLE had jumped them several steps up the wealth ladder.

The other couple continued to roll into more and more shares, and expanded into the futures market. The profits accelerated. They were going to be RICH!!!

On October 20 1987 they lost everything in 24 hours. Including the house they had owned in full only 18 months before.

What losers. Lol

 

[DaveyRS]

It's rather more likely that you will be homeless.

All the haters say that but I’m the one cleaning up on it

 

[Geelong Dynasty]

Recruiting more people is key to your success.

 

[Laphroaig]

All the haters say that but I’m the one cleaning up on it

The cleaning up part might be good practice for you.

 

[maryjames]

Recruiting more people is key to your success.

I didn’t recruit anyone. I just throw money in some crypto and let’s see what happens. And years later a lot happened.

 

[1970crow]

They're probably the same ones who thought the internet was just a passing fad....

More like all those people that lost shit tins by investing in worthless businesses because they had .com in their title. Remember that?

 

[Stronzo]

The idea that these currencies will replace traditional ones is a bit fraught given the vested interests that will more than likely pull out all the stops to halt the use of cryptos; plus the fact that it takes a shitload of energy for a transaction to take place.

Crypto "currencies" are merely a new trading/gambling platform. Well done if you've made coin off it.

 

[LETSGOKANGAS]

There's thousands of different coins. Ripple is just one of them. But yeah.

XRP isn't a coin.

Plus with Ripple's xRapid it helps the banks save 60% in cross boarder transactions costs.

Never bet against the banks. Banks always win.

 

[DapperJong]

XRP isn't a coin.

Plus with Ripple's xRapid it helps the banks save 60% in cross boarder transactions costs.

Never bet against the banks. Banks always win.

It's got a currency, you can trade it, it's a coin.