bitcoin trading.

planteria

they have, and i suspect many more are still to do so as a result of backing cryptocurrencies.

4_Pete's_Sake

adindas wrote: »

If you are worried the value of BC drop by 19% or even larger then 30% then unless you have a crystal ball, you should not touch Bitcoin even with a barge pole.

Since the introduction of BC, the history has shown that BC has dropped 30% or more multiple times before it rises again to a new high. It is a very volatile. You should consider BC as a speculative move rather than investment. But some people have become millionaires from this speculative move.

That may be true, but a 45% drop in a 5 day period is alarming. It has bounced a bit but is now dropping again and back around the $13,000 mark.

I wonder how many of those who have Bitcoin have tried to sell it, or as is often the case, part of it. Bitcoin Brokers rarely let you sell all your holding, just a part of it.

To think that it will keep rising forevermore is very naive . Those who bought over $19,500 are likely to be very nervous now. Remember the saying, "If it seems to good to be true then it probably is".

BananaRepublic

adindas wrote: »

If you are worried the value of BC drop by 19% or even larger then 30% then unless you have a crystal ball, you should not touch Bitcoin even with a barge pole.

Since the introduction of BC, the history has shown that BC has dropped 30% or more multiple times before it rises again to a new high. It is a very volatile. You should consider BC as a speculative move rather than investment. But some people have become millionaires from this speculative move.

And many more will lose the shirt off of their backs. That is the nature of pyramid schemes and their ilk. I freely admit not seeing the Bitcoin craze coming, and would have bought in early had I known. Though there is part of me that says it is immoral and quite unlike equities which finance the creation of a company that benefits us all. Except for Piers Morgan's production company, of course, which is evil.

fun4everyone

Pyramid scheme lol. Could always try reading and understanding instead of repeating ill informed hysterics.

https://en.bitcoin.it/wiki/Myths

BananaRepublic

fun4everyone wrote: »

Pyramid scheme lol. Could always try reading and understanding instead of repeating ill informed hysterics.

https://en.bitcoin.it/wiki/Myths

Well that was a pile of nonsense. Bitcoin seems to have turned into a religion, with its swivel eyed fanatics accusing the rest of the world of dishonesty, and ignorance. Admittedly the owners of aforementioned swivelling eyes are often rather wealthy.

fun4everyone

We will see who was spouting the nonsense in a few years.

adindas

BananaRepublic wrote: »

That is the nature of pyramid schemes and their ilk. .

Bitcoin, Pyramid schemes, rofl
Noone say that those who bought it at $19.000 should not be worry especially in a short term, but those who compare Bitcoin with Ponzi / Pyramid scheme should study more about Bitcoin and Ponzi Pyramid scheme before making such a sweeping statement ...

BananaRepublic wrote: »

Admittedly the owners of aforementioned swivelling eyes are often rather wealthy.

Is there any evidence News that the creator of Bitcoin Satoshi Nakamoto is wealthy ??

BananaRepublic

adindas wrote: »

Bitcoin, Pyramid schemes, rofl
Noone say that those who bought it at $19.000 should not be worry especially in a short term, but those who compare Bitcoin with Ponzi / Pyramid scheme should study more about Bitcoin and Ponzi Pyramid scheme before making such a sweeping statement ...

Naah. If it looks like a duck, quacks like a duck ....

adindas

BananaRepublic wrote: »

Naah. If it looks like a duck, quacks like a duck ....

Have you googled it: Ponzi scheme, Bitcoin Pyramid.
What is the fundamental difference between Ponzi and Bitcoin ???
What did you find ???

k6chris

fun4everyone wrote: »

We will see who was spouting the nonsense in a few years.

Yes we will. Happy Christmas everyone :rotfl: