BITCOIN

Zola.

For sure, the likes of coinbase are really just a massive online casino now who happen to sell Bitcoin

Hexane

RolandFlagg said:

Over the next couple of decades it will be about how millennials invest their money.
They have grown up hating the banks and loving technology, and now they have trading apps they can easily access to invest/trade/gamble.

They ain't going to be investing in Gold, Bonds or Value stocks.

If true, this will mean that Value stocks are going to be increasingly good value, because no-one will be buying them.

Malthusian

Zola. said:

https://www.reuters.com/business/finance/us-regulators-exploring-how-banks-could-hold-crypto-assets-fdic-chairman-2021-10-26/

Probably nothing.

You've deployed this twee catchphrase often enough that it surely deserves its own acbronym by now. "IP0" has a nice ring to it.

"The Turks and Caicos Islands are investigating putting the entire country on the blockchain. IP0."

"A bro whose parents own a pizza restaurant in Atlanta has persuaded them to accept Dogecoin (for a reasonable conversion fee). IP0."

Zola. said:

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

They are all seen as the same because mathematically they are the same. They all work in the same way.

Your argument that people shouldn't be buying Dogecoins because they could be pumping Bitcoin instead works exactly the same in reverse.

People know that the best chance of making money out of a zero sum game is to get in first, which creates an inherent need for new crypto tokens to be launched.

Zola.

Malthusian said:

Zola. said:

https://www.reuters.com/business/finance/us-regulators-exploring-how-banks-could-hold-crypto-assets-fdic-chairman-2021-10-26/

Probably nothing.

You've deployed this twee catchphrase often enough that it surely deserves its own acbronym by now. "IP0" has a nice ring to it.

"The Turks and Caicos Islands are investigating putting the entire country on the blockchain. IP0."

"A bro whose parents own a pizza restaurant in Atlanta has persuaded them to accept Dogecoin (for a reasonable conversion fee). IP0."

Zola. said:

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

They are all seen as the same because mathematically they are the same. They all work in the same way.

Your argument that people shouldn't be buying Dogecoins because they could be pumping Bitcoin instead works exactly the same in reverse.

People know that the best chance of making money out of a zero sum game is to get in first, which creates an inherent need for new crypto tokens to be launched.

You have literally no idea what you are talking about

Aegis

Zola. said:

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

I genuinely can't see any way to interpret your comments that wouldn't apply equally to bitcoin.

Zola.

Aegis said:

Zola. said:

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

I genuinely can't see any way to interpret your comments that wouldn't apply equally to bitcoin.

If by this stage, that you cannot clearly see that Bitcoin is vastly different from the other 9000 odd "cryptocurrencies", (which are mostly extremely poor copycats and are not actually decentralised),  with sovereign wealth funds, wall street ETFs, pension funds, massive corporations, and banks all flocking into bitcoin (and not all the other crap) then I do not know what to say other than maybe you should do some research?

adindas

Hexane said:

RolandFlagg said:

Over the next couple of decades it will be about how millennials invest their money.
They have grown up hating the banks and loving technology, and now they have trading apps they can easily access to invest/trade/gamble.

They ain't going to be investing in Gold, Bonds or Value stocks.

If true, this will mean that Value stocks are going to be increasingly good value, because no-one will be buying them.

Not really imo. Many good value stocks especially with big market caps are already in the index funds, well known mutual funds, multi assets funds. For people who are considering risk/reward, they might want starting position before they are included the index fund. Once they are included in the index funds the share price will jump significantly. If you are just investing in index funds you could not take advantage of this significant price movement. A good example of this is Tesla (TSLA). But keep in mind you also take a higher risk, because when they fail to be included in the index fund it might also go to the other direction.

Most investors (Traders) already hold good value stocks, blue chip stocks as part of their index their funds.

The value stocks movement is generally small unless you get some major catalysts, such as political catalyst like you see in BABA (Alibaba) recently. The traders, Swing Traders, ST investors (not LT Investors) are considering the volatility as their friends which are mainly featured in high growth stocks. Sometimes also happen in mega/Large caps stocks, Value stocks if there is a major catalyst such as we have seen recently with Facebook, Apples etc. You wil not take advantage when they go back to All TIme High and sell it at higher price (but also more risk) if you just investing in index fund. That is my personal opinion other people might have a different opinion.

Aegis

Zola. said:

Aegis said:

Zola. said:

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

I genuinely can't see any way to interpret your comments that wouldn't apply equally to bitcoin.

If by this stage, that you cannot clearly see that Bitcoin is vastly different from the other 9000 odd "cryptocurrencies", (which are mostly extremely poor copycats and are not actually decentralised),  with sovereign wealth funds, wall street ETFs, pension funds, massive corporations, and banks all flocking into bitcoin (and not all the other crap) then I do not know what to say other than maybe you should do some research?

That's all I ever get told, as though the research I have done has been utterly worthless.  My point is that you can apply literally every criticism of dogecoin against bitcoin with exactly the same validity, the only difference is that bitcoin is seen as more legitimate by more people for some reason, perhaps because it was the original.  I don't personally see any benefit to owning bitcoin vs dogecoin or other tokens, and as a result I will continue to stay well clear of crypto assets.

Zola.

Aegis said:

Zola. said:

Aegis said:

Zola. said:

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

I genuinely can't see any way to interpret your comments that wouldn't apply equally to bitcoin.

If by this stage, that you cannot clearly see that Bitcoin is vastly different from the other 9000 odd "cryptocurrencies", (which are mostly extremely poor copycats and are not actually decentralised),  with sovereign wealth funds, wall street ETFs, pension funds, massive corporations, and banks all flocking into bitcoin (and not all the other crap) then I do not know what to say other than maybe you should do some research?

That's all I ever get told, as though the research I have done has been utterly worthless.  My point is that you can apply literally every criticism of dogecoin against bitcoin with exactly the same validity, the only difference is that bitcoin is seen as more legitimate by more people for some reason, perhaps because it was the original.  I don't personally see any benefit to owning bitcoin vs dogecoin or other tokens, and as a result I will continue to stay well clear of crypto assets.

It sounds like you haven't actually done any proper research but are commenting anyway. If you spent a few hours you would learn the value proposition and the point of Bitcoin (although you need to actually study it).

Doge was literally born from a p1ss-take (the creator has said so itself), and it is the antithesis of bitcoin in just about every way.

So no, you cannot possibly compare the two and your comments just show your ignorance of this topic. 

Thrugelmir

Zola. said:

Aegis said:

Zola. said:

Aegis said:

Zola. said:

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

I genuinely can't see any way to interpret your comments that wouldn't apply equally to bitcoin.

If by this stage, that you cannot clearly see that Bitcoin is vastly different from the other 9000 odd "cryptocurrencies", (which are mostly extremely poor copycats and are not actually decentralised),  with sovereign wealth funds, wall street ETFs, pension funds, massive corporations, and banks all flocking into bitcoin (and not all the other crap) then I do not know what to say other than maybe you should do some research?

That's all I ever get told, as though the research I have done has been utterly worthless.  My point is that you can apply literally every criticism of dogecoin against bitcoin with exactly the same validity, the only difference is that bitcoin is seen as more legitimate by more people for some reason, perhaps because it was the original.  I don't personally see any benefit to owning bitcoin vs dogecoin or other tokens, and as a result I will continue to stay well clear of crypto assets.

I
Doge was literally born from a p1ss-take (the creator has said so itself), and it is the antithesis of bitcoin in just about every way.

So no, you cannot possibly compare the two and your comments just show your ignorance of this topic. 

Investors should never become emotionally attached to their investments. More often or not it comes back at some point to bite them hard.