QUOTE(stickmanchong17 @ Mar 8 2019, 10:53 PM)
YES IT IS BEST TIME TO ENTER MARCH 2019I ENTERED APRIL 2019 4200USD
directional changed.
Is now a good time to enter?
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May 7 2019, 04:43 PM
Show posts by this member only | IPv6 | Post
#61
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Junior Member
259 posts Joined: Sep 2007 |
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May 14 2019, 01:53 PM
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Junior Member
332 posts Joined: Mar 2010 |
I hesitated to enter during April when it is only 15K per bitcoin ! And now I regret. Because I would have earn at least 110% of my capital investment if I didnt hesitate lol. Really it is all up to what you believe.
Cryptocurrency is the future for finance and the only problem is we do not know when it will stabilize. |
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Nov 4 2019, 01:39 AM
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#63
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Junior Member
91 posts Joined: Sep 2018 From: New Jersey |
QUOTE(exdtan @ May 14 2019, 01:53 PM) I hesitated to enter during April when it is only 15K per bitcoin ! And now I regret. Because I would have earn at least 110% of my capital investment if I didnt hesitate lol. Really it is all up to what you believe. Cryptocurrency is NOT, & will NEVER be the future of finance! Cryptocurrency is the future for finance and the only problem is we do not know when it will stabilize. It is too volatile as a store of value, & has neither an intrinsic value, nor is capable of being valued according to fundamental analysis. It is only a speculative tool for fast profits. That is all |
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Nov 4 2019, 09:22 PM
Show posts by this member only | IPv6 | Post
#64
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Junior Member
332 posts Joined: Mar 2010 |
QUOTE(Alan K. @ Nov 4 2019, 01:39 AM) Cryptocurrency is NOT, & will NEVER be the future of finance! I remember telling my dad that bitcoin would roast like no other investment could do in the past. I remember also asking my dad to loan me his credit card to purchase 20 units of bitcoin back in 2010, which he said I was being silly so it never happen.It is too volatile as a store of value, & has neither an intrinsic value, nor is capable of being valued according to fundamental analysis. It is only a speculative tool for fast profits. That is all Look at bitcoin now. Look at your FD, your future contract and your stock prices. These have values because you count them and weight them based on what you believe the company/bank notes/gold worth. Same goes to cryptocurrency, its worth is based on what majority perceive. And you are saying ? Back then people trade food etc and basically anything physical and in exchange get what they want. And slowly people come out with bank note, then stock share paper, then now a softcopy contract for almost everything, FD, future you name it. What is stopping you from viewing crypto contract as a form of currency ? |
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Nov 4 2019, 09:30 PM
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#65
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Junior Member
91 posts Joined: Sep 2018 From: New Jersey |
QUOTE(exdtan @ Nov 4 2019, 09:22 PM) I remember telling my dad that bitcoin would roast like no other investment could do in the past. I remember also asking my dad to loan me his credit card to purchase 20 units of bitcoin back in 2010, which he said I was being silly so it never happen. there is your problem right there. everything is assigned a value, yes. I agree. No disputing that. TBH, Cryptos don't exude a lot of confidence. It needs a huge change in perspective before it can fulfill itself as a medium. Right now, it's just a speculative tool for 'goreng'. Got in early, got out at the peak, good on yah You made the right decision, but to compare with stocks & FD? How is it even the same? Again, people believe what they want to believe. But to me, cryptos are just backed by mathematics. Nothing intrinsic.Look at bitcoin now. Look at your FD, your future contract and your stock prices. These have values because you count them and weight them based on what you believe the company/bank notes/gold worth. Same goes to cryptocurrency, its worth is based on what majority perceive. And you are saying ? Back then people trade food etc and basically anything physical and in exchange get what they want. And slowly people come out with bank note, then stock share paper, then now a softcopy contract for almost everything, FD, future you name it. What is stopping you from viewing crypto contract as a form of currency ? |
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Nov 5 2019, 11:01 PM
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Junior Member
332 posts Joined: Mar 2010 |
QUOTE(Alan K. @ Nov 4 2019, 09:30 PM) there is your problem right there. everything is assigned a value, yes. I agree. No disputing that. TBH, Cryptos don't exude a lot of confidence. It needs a huge change in perspective before it can fulfill itself as a medium. Right now, it's just a speculative tool for 'goreng'. Got in early, got out at the peak, good on yah You made the right decision, but to compare with stocks & FD? How is it even the same? Again, people believe what they want to believe. But to me, cryptos are just backed by mathematics. Nothing intrinsic. Intrinsic...What value does a bank note gives you ? A person's hourly salary/earning ? A country's financial status ? The cost of making bank note and ink ? What value does cryptocurrency gives you ? The power required to generate it/hash ? The type of crypto coin's status ? The principle of algorithm in security ? I am tremendously excited to know your view on above. By the way, if crypto is just backed by math; Why is information security so important these days ? Personal data protection ? Encryption algorithm ? If you truly did some study on future technology and some digging on cryptocurrency then perhaps you might as well give me some of your opinion on this. |
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Nov 6 2019, 12:12 AM
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#67
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Junior Member
91 posts Joined: Sep 2018 From: New Jersey |
QUOTE(exdtan @ Nov 5 2019, 11:01 PM) Intrinsic... You don't understand because you refuse to understand, & you are throwing everything into the pot making it a jumbled mess & equating it all to be the same thing, & in the process, get yourself even more confused What value does a bank note gives you ? A person's hourly salary/earning ? A country's financial status ? The cost of making bank note and ink ? What value does cryptocurrency gives you ? The power required to generate it/hash ? The type of crypto coin's status ? The principle of algorithm in security ? I am tremendously excited to know your view on above. By the way, if crypto is just backed by math; Why is information security so important these days ? Personal data protection ? Encryption algorithm ? If you truly did some study on future technology and some digging on cryptocurrency then perhaps you might as well give me some of your opinion on this. What value does a bank note give to me??!! You really even need to ask that question? Don't let the crypto prognosticators brainwash you, & tell you that your bank note is worth nothing! Read up on what truly backs up a nation's currency. Crypto, on the other hand is backed up my 'rainbows & unicorns'. It does not inspire the confidence of the masses. & please don't patronize me with QUOTE hy is information security so important these days ? Personal data protection ? Encryption algorithm ? I deal with cyber-security products & also online authentication devices & solutions. Yeah, fintech QUOTE If you truly did some study on future technology and some digging on cryptocurrency then perhaps you might as well give me some of your opinion on this. Indeed, i've already done more than my fair share of research, & it's more than enough for me to come to the conclusion that cryptos are the biggest scam of the century. And i'll say it again, blockchain technology could very well be the future, BUT cryptos only tumpang the technology. Do you get it? Anyway, you can believe what you choose to believe, i've already said enough over at this thread : https://forum.lowyat.net/topic/4584461/+40 Cheers |
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Nov 6 2019, 01:41 AM
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#68
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Senior Member
1,087 posts Joined: Nov 2008 |
QUOTE(Alan K. @ Nov 6 2019, 12:12 AM) You don't understand because you refuse to understand, & you are throwing everything into the pot making it a jumbled mess & equating it all to be the same thing, & in the process, get yourself even more confused I always thought crypto is a scam until I start learning and trading it. Your thinking is same like the old people who does not trust the atm card, credit card or online banking system. The value of asset either tangible or intangible is determine by the market. You can also say gold and diamond does not have value too. It has value only when people offer price for it. Same like crypto the value is base on market demand and supply, not base on your perception on cryptocurrency.What value does a bank note give to me??!! You really even need to ask that question? Don't let the crypto prognosticators brainwash you, & tell you that your bank note is worth nothing! Read up on what truly backs up a nation's currency. Crypto, on the other hand is backed up my 'rainbows & unicorns'. It does not inspire the confidence of the masses. & please don't patronize me with I deal with cyber-security products & also online authentication devices & solutions. Yeah, fintech Indeed, i've already done more than my fair share of research, & it's more than enough for me to come to the conclusion that cryptos are the biggest scam of the century. And i'll say it again, blockchain technology could very well be the future, BUT cryptos only tumpang the technology. Do you get it? Anyway, you can believe what you choose to believe, i've already said enough over at this thread : https://forum.lowyat.net/topic/4584461/+40 Cheers |
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Nov 6 2019, 01:42 AM
Show posts by this member only | IPv6 | Post
#69
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Junior Member
91 posts Joined: Sep 2018 From: New Jersey |
QUOTE(doraemonkiller @ Nov 6 2019, 01:41 AM) I always thought crypto is a scam until I start learning and trading it. Your thinking is same like the old people who does not trust the atm card, credit card or online banking system. The value of asset either tangible or intangible is determine by the market. You can also say gold and diamond does not have value too. It has value only when people offer price for it. Same like crypto the value is base on market demand and supply, not base on your perception on cryptocurrency. errr.....ok |
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Nov 7 2019, 10:21 PM
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#70
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Junior Member
332 posts Joined: Mar 2010 |
QUOTE(doraemonkiller @ Nov 6 2019, 01:41 AM) I always thought crypto is a scam until I start learning and trading it. Your thinking is same like the old people who does not trust the atm card, credit card or online banking system. The value of asset either tangible or intangible is determine by the market. You can also say gold and diamond does not have value too. It has value only when people offer price for it. Same like crypto the value is base on market demand and supply, not base on your perception on cryptocurrency. I rest my case haha. But again, we must be open-minded to everyone's opinion. He did make a point if we go back a century when cryptocurrency just started. |
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Nov 7 2019, 10:27 PM
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#71
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Junior Member
332 posts Joined: Mar 2010 |
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Nov 7 2019, 10:41 PM
Show posts by this member only | IPv6 | Post
#72
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Junior Member
91 posts Joined: Sep 2018 From: New Jersey |
QUOTE(exdtan @ Nov 7 2019, 10:27 PM) There is always two side to a coin, to a story. You either view it as potential dot-com bubble or the next bank note. But to say scam, that sir is just not the wise word to describe it. A bubble is not necessarily a scam, just something hyped and overvalued because of irrational exuberance, and a relatively strong narrative behind it (the crypto narrative seems to fit very well with the current climate - decline of trust in all kinds of institutions; economic low growth, wage stagnation and increasing internal inequality in all the developed world; unsustainable levels of debt for either nations or households; long-term negative effects of the 2008 crash and subsequent political mistakes; widespread overvaluation of anything tech; etc). I GET IT. The idealism behind the crypto concept is commendable, but is it realistically achievable? That is the million dollar Q. Was the dot-com bubble a 'scam'? No. Were there scammers riding the wave and trying to make a buck? Yes. To answer your question: Nobody can say cryptos are a definite 'scam' at the moment. But basically everyone knows it’s a bubble. I’d say most holders have already realized that. They just hope to make money in it. But, in bubbles, late joiners typically don’t. When will the hype stop? In terms of the aforementioned underlying climate changing, I don’t see the wave turning anytime soon, so the narrative is unlikely to lose force, but fads lose their excitement factor after a while nonetheless. If the narrative behind them maintains momentum, something new can easily come along and attention/excitement can easily change ship - that’s in the intrinsic nature of fads and, in this case, I think we’re already seeing the 2017 excitement fading out, but there’s no equivalent substitute ready to catalyze it yet. 'Scam' may, or may not be a poor choice of word, depending on one's conviction. So let's agree to disagree. Peace out |
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Nov 8 2019, 06:53 AM
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Junior Member
166 posts Joined: Mar 2008 |
QUOTE(Alan K. @ Nov 4 2019, 01:39 AM) Cryptocurrency is NOT, & will NEVER be the future of finance! Ok Boomer. Bitcoin is going through its price discovery phrase currently. Just like how gold was when it first started, it is going through speculation until it has enough liquidity to reach the SoV phrase. If you actually use your brain to learn monetary history, you would know that a free-market money doesn't get to be a SoV immediately but through iterations over decades for being the most liquid and salability over time.It is too volatile as a store of value, & has neither an intrinsic value, nor is capable of being valued according to fundamental analysis. It is only a speculative tool for fast profits. That is all There is no such thing as intrinsic value either. That's a myth. All objects are valued subjectively over time by each individual whether fully, partially, or none and Bitcoin is valued for its internal properties of being uninflatable,censorship-resistant and unseizable (if you secure it properly). https://en.wikipedia.org/wiki/Subjective_theory_of_value Please go read The Bitcoin Standard by Saifedean Ammous as a start before you embarrass yourself like you are right now. This post has been edited by tofuwizard: Nov 8 2019, 06:56 AM |
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Nov 8 2019, 07:04 AM
Show posts by this member only | IPv6 | Post
#74
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Junior Member
332 posts Joined: Mar 2010 |
QUOTE(Alan K. @ Nov 7 2019, 10:41 PM) A bubble is not necessarily a scam, just something hyped and overvalued because of irrational exuberance, and a relatively strong narrative behind it (the crypto narrative seems to fit very well with the current climate - decline of trust in all kinds of institutions; economic low growth, wage stagnation and increasing internal inequality in all the developed world; unsustainable levels of debt for either nations or households; long-term negative effects of the 2008 crash and subsequent political mistakes; widespread overvaluation of anything tech; etc). At least our discussion has become slightly neutral regarding cryptos from all caps 'scam' to 'may or may not'. I am proud of this discussion I GET IT. The idealism behind the crypto concept is commendable, but is it realistically achievable? That is the million dollar Q. Was the dot-com bubble a 'scam'? No. Were there scammers riding the wave and trying to make a buck? Yes. To answer your question: Nobody can say cryptos are a definite 'scam' at the moment. But basically everyone knows it’s a bubble. I’d say most holders have already realized that. They just hope to make money in it. But, in bubbles, late joiners typically don’t. When will the hype stop? In terms of the aforementioned underlying climate changing, I don’t see the wave turning anytime soon, so the narrative is unlikely to lose force, but fads lose their excitement factor after a while nonetheless. If the narrative behind them maintains momentum, something new can easily come along and attention/excitement can easily change ship - that’s in the intrinsic nature of fads and, in this case, I think we’re already seeing the 2017 excitement fading out, but there’s no equivalent substitute ready to catalyze it yet. 'Scam' may, or may not be a poor choice of word, depending on one's conviction. So let's agree to disagree. Peace out |
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Nov 8 2019, 07:06 AM
Show posts by this member only | IPv6 | Post
#75
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Junior Member
332 posts Joined: Mar 2010 |
QUOTE(tofuwizard @ Nov 8 2019, 06:53 AM) Ok Boomer. Bitcoin is going through its price discovery phrase currently. Just like how gold was when it first started, it is going through speculation until it has enough liquidity to reach the SoV phrase. If you actually use your brain to learn monetary history, you would know that a free-market money doesn't get to be a SoV immediately but through iterations over decades for being the most liquid and salability over time. I am glad that you are more open to new technology and new ways to value an item, be it physical or virtual There is no such thing as intrinsic value either. That's a myth. All objects are valued subjectively over time by each individual whether fully, partially, or none and Bitcoin is valued for its internal properties of being uninflatable,censorship-resistant and unseizable (if you secure it properly). https://en.wikipedia.org/wiki/Subjective_theory_of_value Please go read The Bitcoin Standard by Saifedean Ammous as a start before you embarrass yourself like you are right now. |
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Nov 8 2019, 08:02 AM
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Junior Member
166 posts Joined: Mar 2008 |
QUOTE(exdtan @ Nov 8 2019, 07:06 AM) I am glad that you are more open to new technology and new ways to value an item, be it physical or virtual You quote the wrong guy bro. I'm already a hodler of last resort. I already use btc as a unit of account for longer term investments lolThis post has been edited by tofuwizard: Nov 8 2019, 08:03 AM |
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Nov 8 2019, 05:31 PM
Show posts by this member only | IPv6 | Post
#77
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Junior Member
91 posts Joined: Sep 2018 From: New Jersey |
QUOTE(tofuwizard @ Nov 8 2019, 06:53 AM) Ok Boomer. Bitcoin is going through its price discovery phrase currently. Just like how gold was when it first started, it is going through speculation until it has enough liquidity to reach the SoV phrase. If you actually use your brain to learn monetary history, you would know that a free-market money doesn't get to be a SoV immediately but through iterations over decades for being the most liquid and salability over time. Boomer? ASSumptions much? Ahhh, again, regurgitating. Same like your other post to me in the other thread. Stop foaming at the mouth with those who disagree with you boy.There is no such thing as intrinsic value either. That's a myth. All objects are valued subjectively over time by each individual whether fully, partially, or none and Bitcoin is valued for its internal properties of being uninflatable,censorship-resistant and unseizable (if you secure it properly). https://en.wikipedia.org/wiki/Subjective_theory_of_value Please go read The Bitcoin Standard by Saifedean Ammous as a start before you embarrass yourself like you are right now. |
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Nov 8 2019, 05:33 PM
Show posts by this member only | IPv6 | Post
#78
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Junior Member
91 posts Joined: Sep 2018 From: New Jersey |
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Nov 10 2019, 04:52 PM
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#79
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Junior Member
332 posts Joined: Mar 2010 |
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Nov 10 2019, 04:53 PM
Show posts by this member only | IPv6 | Post
#80
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Junior Member
332 posts Joined: Mar 2010 |
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