Best Platform for Cryptocurrencies?

bowlhead99

branflakes89 wrote: »

Let me know if you have any questions.

I wouldn't have space for them here. Of course, there's plenty of space to warn other forum readers not to be stupid and accept unsolicited approaches from unregulated 'traders' who "feel they could return good profits" on their clients' money.

But if someone signs up with you despite that warning not to be greedy and to avoid engaging with potential scammers, maybe they deserve to lose all their life savings; we could call it an idiot tax.

branflakes89

bowlhead99 wrote: »

But if someone signs up with you despite that warning not to be greedy and to avoid engaging with potential scammers, maybe they deserve to lose all their life savings; we could call it an idiot tax.

Haha, I wouldn't accept all life savings anyway, but I appreciate your skepticism. I would advise risking at most 25% on cryptocurrency. I personally risk 10%.

TBC15

bowlhead99 wrote: »

I wouldn't have space for them here. Of course, there's plenty of space to warn other forum readers not to be stupid and accept unsolicited approaches from unregulated 'traders' who "feel they could return good profits" on their clients' money.

But if someone signs up with you despite that warning not to be greedy and to avoid engaging with potential scammers, maybe they deserve to lose all their life savings; we could call it an idiot tax.

Financial Darwinism in action, hope the fall out doesn’t have any effect on the real world.

TBC15

Look I’m all for care in the community. But who ever gave them access to a computer and a line of credit should be prosecuted.

Malthusian

For those who may have missed the connection between Worldtraveller's "stages of a bubble" graph and the link to the Bitcoin graph, here's a picture of the former superimposed on the latter:

Even though the "first-sell off" curve is slightly in the wrong place, it's still uncanny.

Malthusian

It should be pointed out that Bitcoin has already followed the Jean-Paul Rodrigue graph once before, in 2013. And it duly crashed in 2014, although not as quickly as the Rodrigue graph illustrates.

There is no rule that the same commodity can't go through the hype cycle twice.

TBC15

Malthusian wrote: »

It should be pointed out that Bitcoin has already followed the Jean-Paul Rodrigue graph once before, in 2013. And it duly crashed in 2014, although not as quickly as the Rodrigue graph illustrates.

There is no rule that the same commodity can't go through the hype cycle twice.

I don’t think it’s a rule, probably an axiom ‘ There’s one born every minute’

Malthusian

I was thinking more of the fact that the Bitbots have a ready-made excuse which is "ok, so it's going to crash, big deal, it already went from $1,200 to $200 in 2013 and now it's at $15,000, so I'll just cash out when the cycle starts again and it goes up to $150,000".

Among many problems with this idea is: just as there's no rule that the same commodity can't go through the Rodrigue cycle twice, there's no rule that having gone through twice it will go through it thrice.
South Sea shares never came back in vogue.

worldtraveller

BTC-USD market down around 15% currently today with the price at below USD8,000. There's a lot of volatility though, as you'd expect.

If it continues this way, then we're maybe now into the "fear" stage, and soon the "capitulation" phase of the "Stages in a Bubble".

ColdIron

$7,751 and sinking fast. It wasn't long ago when a sub board was being considered here due to the high level of activity. Where are all those people now and why aren't they saying that this is a good time to get in at depressed prices instead of $19,000+. It's almost as if the people ramping it at those prices were, well, just rampers. A salutary lesson in the dangers of FOMO