Those late to the ponzi scheme usually take it in the shorts.
Check it out!
In your view, does the public, at this point, have less faith in crypto currency than central bankers? Isn’t that what the market is telling us? Maybe its time to reconsider gold coins (probably with a healthy mix of silver). Better invest in belts if that happens.
It is still worth more than gold.
You are only looking at 12 month view when it was at a historical high.
Forget the day to day price and focus on the moves being made.
Nevertheless, if you are only focused on price of it then look at it over 2 years, 3 years and 4 years going all the way back.
https://web.archive.org/web/20170501000000*/www.coinmarketcap.com
Something just in the news which cause a spike this morning:
Russia Prepares To Buy Up To $10 Billion In Bitcoin To Evade US Sanctions
https://www.zerohedge.com/news/2019-01-14/russia-prepares-buy-10-billion-bitcoin-evade-us-sanctions
Watch for a pump and dump...
It’s a small minority of people who need to launder money.
The rest were entranced looky lous, not players.
All currencies of the world (except a very, very few) have been converted to operate through central banks.
It used to be that currency was issued by a nation's treasury, and could be circulated based on the concept of "completed labor" - for example, funding a bridge project as a means to pay the workers with newly created money, which then gets circulated into the economy as they buy things.
Currency is now created by central banks through treasury auctions. These auctions sell bills, bonds, and notes. All of these are liabilities to the citizen - meaning that whoever owns them also owns a claim to the future labor of citizens.
Why do so many ultra-rich keep going instead of retiring extremely comfortably?
Because they aren't necessarily after more money - but the power that it brings. Power can be defined as owning the future labor of other people.
If the lust for power is truly understood then it makes sense why it's wise to have stayed away from cryptocurrencies from the beginning.
I just saw my first mainstream bitcoin commercial on T.V. yesterday during one of the football games. It was an IBM bitcoin/blockchain that you earned by recycling plastic. I was blown away. https://www.coindesk.com/ibm-is-helping-launch-a-price-stable-cryptocurrency-insured-by-the-fdic
Bitcoin Jan 11 2016 - $408.00 ish
Bitcoin Jan 02 2017 - $978.00 ish
Bitcoin Jan 11 2019 - $3,620.00 ish
bitcoin 36 month profit roughly +900%
Bitcoin 24 month profit roughly 360%
Gold 17 Jan 2017 - $1,210.00 ish
Gold 14 Jan 2018 - $1,290.00 ish
Gold 12 month profit roughly 6%
Stocks, bond, commodities all depend on when you get in and when you get out.
You were way late to the game. My basis is lsomewhere are $112. I am still way, way to the upside. Not a ton of money, but I paid all my debts two years ago. All on less that $3000 investment.
Not complaining at all.
I’ve got some Iraqi Dinars that are going to make me a bundle when they revalue them.
A simple video on Technical Analysis 101 could have saved you $159.10.
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Al Gore warned us about that years ago. Global Warming would cause the glaciers to recede and Bitcoin to fall.
But seriously...nothing wrong with taking a small flyer. Sort of like buying a couple of lottery tickets. The people who need a scolding are those who sunk thousands into such things.
No regrets, though. I actually think there may still be $$ to be made with cryptos, just not the "moon shot" $$ of 2017.
And he's a well-known damned fool.
Second, They said I could buy dope and whores and even a murder if I wanted it. I said, "Huh?" that will be shut down PDQ.
Then they said No one can tax you for making money. I said, Huh?". The gubmints will stop that pretty quick.
Then they said there is no FDIC and in fact if someone hacks you, you lose 100%. I said, BWAHAHHAH, nobody is this stupid.
Now the "true believers are selling and taking their marbles home. You can set up a server farm and run 1000 CPU's and use more electricity than the value of the Bitcoin you generate. This has been tried many times before with "script". You can print your own money and trade with it, but the first counterfeit bill forces a trade out to a new script. 90% is used for shady deals and avoidance of the laws. Buy some ATT and get 7% divies. Since the downturn of Bitcoin, I keep having a vision of Steve Martin walking down the street with his pants around his ankles while holding a thermos. They will be saying they were born a poor black child. That would be the only excuse for losing so much money.
He's dead Jim.
Here is a great blog about crypto currencies, economics, politics, history and religion.
This guy does great job and very intelligent in my opinion.
https://philosophyofmetrics.com/
A roadmap for Crypto
2017 - Retail investors
2018 - Consolidation
2019 - Institutional Investors
2020- Visa MasterCard adopt
2021 - Nocoiner Investors
2022 - FIAT starts to be displaced
2025 - Tokenised stock markets overtake traditional markets 2050 - what is $?