Crypto Dabble.

Hansplace

Yes, just open coinbase account and earn USD32 in all sort of coins and then convert it to bitcoin or ethereum. 
Coinbase fee is expensive but the conversion is relatively good.

And if you open another account for your other half, that is another free USD32

tebbins

YellowDuc said:

I could write an essay on why everyone should invest into BTC + ETH.. It's the best  investment you can make at the moment and I fully expect BTC to hit anywhere from $250-500K by 2024-2025. 

I'm predicting BTC to $100K by end of January latest and ETH at $10-12K. 

Just remember, dont sell the dips, buy the dips. Accumulate and HODL.

BTC averages at 300%+ returns a year, meanwhile your savings bank gives you 0.05% when inflation is estimated to be around 10%. You're losing money by keeping savings in the bank.

1. Please, do, write it.

2. Are you asserting your "opinion" (I think faith or hope is a more accurate term) as fact?

3. 300% a year means with a current market cap of around $1tn, by the end of 2025 it will have swallowed up all the wealth in the world

Aegis

tebbins said:

YellowDuc said:

I could write an essay on why everyone should invest into BTC + ETH.. It's the best  investment you can make at the moment and I fully expect BTC to hit anywhere from $250-500K by 2024-2025. 

I'm predicting BTC to $100K by end of January latest and ETH at $10-12K. 

Just remember, dont sell the dips, buy the dips. Accumulate and HODL.

BTC averages at 300%+ returns a year, meanwhile your savings bank gives you 0.05% when inflation is estimated to be around 10%. You're losing money by keeping savings in the bank.

1. Please, do, write it.

2. Are you asserting your "opinion" (I think faith or hope is a more accurate term) as fact?

3. 300% a year means with a current market cap of around $1tn, by the end of 2025 it will have swallowed up all the wealth in the world

1.  If he does, I'll read it.  I'm particularly interested in hearing how you determine fair value for each token, especially when you compare something like bitcoin with dogecoin

2.  From what I've seen, all the predictions are based on either wishful thinking or charts.  For the former, you see people claiming that bitcoin will be worth X in total by a certain date, implying that it's hugely undervalued now in their eyes.  For the latter, yep, it's done well to date, no question.  That definitely doesn't mean it will continue to do so.  The price of a crypto seems to be entirely driven by sentiment, and this means that the price can drop very suddenly if people one day decide that actually the whole system isn't actually worth as much as it's currently traded.

3.  Growth rates that high just cannot be sustained, so sooner or later it will need to level off.  When it does, it will be a much less attractive home for wealth, so people will start selling, which will result in lower prices and therefore lower returns, which will continue the cycle.  Whether it happens this year or in a decade, sooner or later people will realise that they're paying money for essentially nothing but those headline growth rates.

jimjames

It seems rather odd that for everything else like stock markets people are wary when new highs are reached and you get the inevitable "is it too high to invest now" posts but for Bitcoin it seems to be the opposite. People pile in when the price reaches new highs so I guess it's all momentum driven.

Aegis

jimjames said:

It seems rather odd that for everything else like stock markets people are wary when new highs are reached and you get the inevitable "is it too high to invest now" posts but for Bitcoin it seems to be the opposite. People pile in when the price reaches new highs so I guess it's all momentum driven.

My honest opinion is that it's because a lot of investors in bitcoin have never ridden through a serious market crash before, so they don't believe that their investment can fail.  Every new high therefopre reinforces the belief that this is a new paradigm and justifies the previous hype.  Again, it comes back to not having a mechanism for determining a fair value for an investment - the all time highs aren't worrying because they aren't a multiple of fair value.  Without a way of working out fair value, there's no way to know if the price being offered represents good or bad value for money.

Zola.

https://www.youtube.com/watch?v=2pDlaOGA2ac

Zola.

jimjames said:

It seems rather odd that for everything else like stock markets people are wary when new highs are reached and you get the inevitable "is it too high to invest now" posts but for Bitcoin it seems to be the opposite. People pile in when the price reaches new highs so I guess it's all momentum driven.

That's probably because Bitcoin is mostly out of the mainstream news unless there's a large crash (then people think, phew, glad I don't have that), and then again when there are new highs (which it has an awful habit of continually breaking),  and people feel the FOMO...

Zola.

Yet despite the 60% crash only a few months ago, we are up 137% year to date... I'll take that. 

You get bitcoin at the price you deserve. 

tebbins

Zola. said:

Yet despite the 60% crash only a few months ago, we are up 137% year to date... I'll take that. 

You get bitcoin at the price you deserve. 

Promoting crypto while failing to understand it is one thing, but that last statement is frankly extremely arrogant and rude, especially to those people you are trying to sucker into this craze you believe in.

Aegis

darren232002 said:

Aegis said:

I'm particularly interested in hearing how you determine fair value for each token, especially when you compare something like bitcoin with dogecoin

You might be the absolute worst poster so far on these threads. You claim you've done a load of research in to crypto (in another thread) but cant identify the difference between Doge and BTC. This alone tells everyone that isn't an idiot that you have no idea what you're talking about.

Aegis said:

My honest opinion is that it's because a lot of investors in bitcoin have never ridden through a serious market crash before, so they don't believe that their investment can fail.  

Are you on crack?

Bitcoin lost 60% of its value.. err.. 4 months ago. Bitcoin hit 85% value loss from its ATH... err.. 18 months ago.

But yes, please tell me more about how 'a lot' of current Bitcoin holders have no idea or experience of market crashes.

What an erudite and cogent response. You must be so proud that, when given the opportunity to provide information you instead decide to attack the questioner for daring to come to a different conclusion to you. Again, in case the question was somehow overlooked, how do you calculate fair value for one bitcoin, and how does that pricing formula differ when looking at one dogecoin? I assume that, once again, this question will be ignored, but of course I'M the worst poster in this thread.

And no, I'm not on crack, I'm not talking about corrections or blips, I'm talking about the very real possibility of holdings dropping to negligible value and never recovering. It's happened before even to long standing investments where the underlying value seemed good, but as asked above, there doesn't seem to be a good way to value crypto tokens.