wasn't this last week's news and neo dipped kau kau because of it?

When you guys say that you are down by 40% or 50%, do you mean your profits are down?
Or you really mean that your total investment is down by that percentage?

China to Shut Bitcoin Exchanges
Authorities to ban commercial trading of all virtual currencies
By Chao Deng and  Paul Vigna
Updated Sept. 11, 2017 8:16 p.m. ET
https://www.wsj.com/articles/china-to-shut-...rces-1505100862

True or not, you consider; I just post news

Me, I am going to square everything and watch first - even if mistaken, can at least pick up some 'dead chicken' perhaps

JPMorgan CEO says Bitcoin is a fraud. LEL.

The title for this thread is Bitcoin and other Cryptocurrencies so I guess my post should be valid.
Well I think I am going to sound harsh here.
Currently BTC price is 3,046.82.
I find that people here are so deluded. I actually see comments whereby bitcions are being said to be cheap right now. If bitcoins are cheap right now, then what about 1 year ago?
How do you actually assign value to a bitcoin in the first place? How do you justify to others that bitcoin is actually worth say 10k like most of you are saying right now. I mean consider this. If I create my own coin with the exact technology like bitcoin, can I sell that coin for 10k?

What really justify the price of bitcoin? The idea? The infrastructure? Etc? Have you guys actually done a survey and check it out. Compare bitcoin with say Amazon AWS? I mean let's not take the "mining" cost into consideration. After all. Does mining add to the actual value?

I mean is bitcoin really a evolutionary concept? After all, for example. Someone say that bitcoin transaction is fast. But then, so is paypal, etc. People say that there is no centrality in bitcoin. But then 95% of bitcoin is being held by a few entities. So what gives.

Let's compare a bitcoin with say even your own laptop. Can you say that complexity wise , your bitcoin is actually more complex then say your laptop or even your phone?

It's just incredible that everything under the sun is being used to justify bitcoin. Showing how naive people really are.

I guess people really do not know that prices can be manipulated.

Putting money into something that is really not backed up by anything, do not have any income generating potential accept for capital gains,is just a more complex version to say gaming money, is pathetic. I mean if say bitcoin go to zero, how are you going to justify that you made a calculated judgement in the first place? I mean are you going to say that this coin is providing me with interest? Are you going to say that this coin is something tangible that I can use for my daily life. What is the physical manifestation of this. I mean come on even email which cost nothing has more utility then bitcoin.

Bitcoin is nothing then just electric ledgers being passed around with people assigning value to it after all. No different actually from say somekind of medium money whereby if say I happen to hold this money, I will be blessed from the gods. It's no different from fiat actually. But at least with fiat, the money is "based" on the economy of that nation. What is bitcoin based on?

Cannot help but write this because i am getting irritated by the comments here. Just need to let my steam out.
And yes I created an account for this because I know people with no balls here will definitely ask the moderators to actually suspend my main account.

they dont want us to join and earn money la... Even the AllehGAP also didn't reply me when I asked what group is that.

That is why I told you not to expose anything that "we know" in here.

that why why they dont want tell u what group they join.. so u know i know

Bittrex listed OMG-USDT recently... just FYI

Also lots of requests for WTC listing

Many others got invited actually but the few of us who accepted quickly by chance turn out to form quite a solid group with various strengths. Right now the consensus is to just stick to the current number of members since we are having a good streak and didn't want to fix something that isn't broken. We are kinda decentralized as well, so everything is decided based on majority votes. Haven't added anyone else since we started, except for a Taiwanese insider a few days ago. We are adamant to keep the group limited to 14 members, well 15 if you'd take a non-human into account, so I apologize for not responding to any requests here. By the way jack2, you've been trolled pretty hard only that you've not realized it yet.