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Bought Bitcoin and can't stop !!!

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  • Forbes had a great article yesterday discussing the difference between systemic stability and price stability as it applies to Bitcoin, stablecoins like Libra, and actual central bank currency.
    I should have been a pair of ragged claws. Scuttling across the floors of silent seas.

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    • Up 12% one day and down 8% the next day without apparent reason, is too much for me to handle.  Just like a slot mechine to me.
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      Its a fun bet as long as it’s money which you do not need.  You don’t even have to travel to a casino.
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      At that point you've got to ask yourself if it is more fun than something else you spend money on. I can think of a LOT more fun ways to spend money than gambling with it.
      Helping those who wear the white coat get a fair shake on Wall Street since 2011

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      • It’s ok










        Up 12% one day and down 8% the next day without apparent reason, is too much for me to handle.  Just like a slot mechine to me.
        Click to expand…


        Its a fun bet as long as it’s money which you do not need.  You don’t even have to travel to a casino.
        Click to expand…


        At that point you’ve got to ask yourself if it is more fun than something else you spend money on. I can think of a LOT more fun ways to spend money than gambling with it.
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        It’s ok as long as it’s money you can lose and you can still do those fun things you mention.  Plus bitcoin is not lose all or win like a casino.  I don’t think it’s going to zero anytime soon or ever.  It’s got a lot of supporters worldwide and plenty of market manipulation to keep it going ?

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        • Can I take the bet that it’ll never go to zero? I may not be alive to win that bet but it’ll go to zero or cease to exist at some point like every other company around today. Time is undefeated.

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          • I wouldn't be surprised at all if 50 years from now there is a cryptocurrency in regular use.

            I think the likelihood of it being Bitcoin is very, very low.

            Will you be able to exchange Bitcoin to that currency at a price at or above Bitcoin's current price at some point in the future after it becomes obvious that Bitcoin will not be the winner? Maybe, maybe not.
            Helping those who wear the white coat get a fair shake on Wall Street since 2011

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            • Back to 10,000 per coin. Made a bet with my BIL a crypto bug that S+P will be higher than crypto in 2 years. I might lose?

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              • My bitcoin and Tesla indicator is still hobbling along. I guess when they both carc it, I should start to get worried.

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                • I always made fun of people who got into Bitcoin. (Especially if you understand how far behind Bitcoin is in terms of technology.. )and its a Ponzi scheme and seems to be beneficial for mob dealers, North Korea, etc. ... but FOMO was too much for me. I got in earlier this year..... within a week I had lost 25% of my investment.. got out... Felt stupid for ever getting in.

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                  • I always made fun of people who got into Bitcoin. (Especially if you understand how far behind Bitcoin is in terms of technology.. )and its a Ponzi scheme and seems to be beneficial for mob dealers, North Korea, etc. … but FOMO was too much for me. I got in earlier this year….. within a week I had lost 25% of my investment.. got out… Felt stupid for ever getting in.
                    Click to expand...


                    I'm sorry about the loss, but if it's your first foray into crypto and you're out after a week, you're probably going to have a bad time.   I'm down about 50% from two months ago, but up 20% from six months ago (alt coins are my thing).  The swings are real.

                    I've said it before, but I still wouldn't throw any serious money into it, especially if you don't live and breathe the stuff.  It's just too chaotic to be considered a real investment.  It's fun, though.
                    I should have been a pair of ragged claws. Scuttling across the floors of silent seas.

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                    • WHAT HAPPENED TO THE GUYS WHO INVESTED THEIR LIFE SAVINGS IN CRYPTOCURRENCY?


                      The short answer is, they became a valuable lesson for the rest of us to never, ever do this

                       

                      Obviously a big difference between knowingly speculating vs being stupid.

                      https://melmagazine.com/en-us/story/what-happened-to-the-guys-who-invested-their-life-savings-in-cryptocurrency

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                      • https://i.pinimg.com/originals/f9/3f/5e/f93f5e76d1f784ee87434991e8f3756f.jpg

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