Bitcoin Topic 2, click for lolz

So 4months ago, I posted a topic suggesting members who want to make some money get on the BTC train. They were $2650>2800 then. Currently they're $9922. (Before all the people reply "Its un certain, the bubble can blow and you'll lose money) - People said that when they were $300. Look how much those people missed out on  

6k+ in 4months. 

Also for any Crypto traders, this is a good site for real time exg: https://bitcoinwisdom.com/

Next suggesiton if you want to make some quick bucks at lower risk:  Syscoin is currently only $0.23c per Coin. Meant to explode next year when crypto goes mainstream in 2018 (Also lastmonth IBM announced they'll be expanding into BTC

Topic: For some reason it won't let me link the topic but its: /topic/9270

(Also Btc is only 1% of the worlds market at the moment. 2018 is the year Crypto will go mainstream/Central banks will start accepting/exchanging it, I suggest you get in now, or atleast buy in on some Litecoin/Alt coins)

BTC is too much of an investment at this point, and going into the crypto market without having a good understanding on how prices are influenced is a generally bad idea, which is why I didn't invest in it in the first place. There's always uncertainty in investing money. You can say it was a good investment in hindsight, but that could also be said about investing in stocks of big multinational corporations prior to their "peak".

Of course investing in bitcoins prior to their current value would've been a really good investment, looking at it in hindsight, but due to the lack of understanding, and hypothetical inflated value, I'm not convinced that investing money in crypto, especially BTC would be a good idea right now.

Then again, what do I know. I don't have a degree in economics, and I know fuckall about the crypto market, and having money in the bank is my insurance policy.

Bitcoin? I wouldn't know anything about that sry 

Its not really the kind of thing your average person can do but invest in blockchain companies.

hm u got of either

What is syscoin? never heard of it before tbh, seems interesting.

CIScoin????????????????

Federal governments would never allow banks to work with crypo-currency. Especially in America with the Patriot Act. Not saying btc or other crypto-currencies won't continue to popularize and gain value, but claiming it as going mainstream and banks working with it is a bit of a stretch imo. Though I'm not an expert in the field, so I could be wrong.

Well then

7 hours ago, Branflakez said:

BTC is too much of an investment at this point, and going into the crypto market without having a good understanding on how prices are influenced is a generally bad idea, which is why I didn't invest in it in the first place. There's always uncertainty in investing money. You can say it was a good investment in hindsight, but that could also be said about investing in stocks of big multinational corporations prior to their "peak".

 

Of course investing in bitcoins prior to their current value would've been a really good investment, looking at it in hindsight, but due to the lack of understanding, and hypothetical inflated value, I'm not convinced that investing money in crypto, especially BTC would be a good idea right now.

 

Then again, what do I know. I don't have a degree in economics, and I know fuckall about the crypto market, and having money in the bank is my insurance policy.

 

 

I agree that it's not smart to just juggle different crypto currencies if you don't know how the market 'works' (if you do invest time in it, and you're smart you will most likely make profit though). However, your logic about bitcoin is flawed. When an item gets more expensive it can become 'too much of an investment', but it doesn't work like that with a currency. Just because the value of 1 btc is high now, doesn't mean it's not a good time. It just means you can buy less for the same money you could have some time. If you had 5000$ to invest, 2 months ago you could've bought 1 btc. Since the start of October the value has doubled, so now you can buy 0,5 btc. Doesn't mean you can still double that 5000$ if it rises more. People look at crypto too much like any other item that has some kind of 'base'-price it fluctuates around. That's not how it works.

It won't keep going like this, but it won't collapse either.

https://coinmarketcap.com/currencies/bitcoin/#charts

Only thing I question: why should I invest in syscoin, when there is over 1300 different cryptocurrencies - https://coinmarketcap.com/all/views/all/

P.S.

Everything that has gone up in price would've been good investing in 'in hindsight'