dev null Posted February 6, 2018 Share And the people are not falling for the new enthusiasm around BTC again. They have already been burned. The thing about BTC: If you make money, someone else is losing money. So, effectively it is a Ponzi scheme. There is no product being sold to provide a gowing income in which all shareholders derive value from, unless I am mistaken. Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3265859 Share on other sites More sharing options...
Eldron Posted February 6, 2018 Share The tip of the pyramid scheme have made their money - now is the time the bottom feeders get burnt badly... dev null, Patchelicious and Odinson 3 Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3265878 Share on other sites More sharing options...
Odinson Posted February 6, 2018 Share Phew. Got out with a little extra dosh. The assault on the cryptomarket is intensifying by the day. It's also being killed off by the early adopters - the whales - and the like, who manipulated the market to make their $. It's a shame though. This manipulation of cryptocurrencies might just end up tainting the real world tech that underly the different currencies. Captain Fastbastard Mayhem and Andrew Steer 2 Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3265916 Share on other sites More sharing options...
Letum911 Posted February 6, 2018 Share ETH dropped like a rock over the past 48 hours. I initially bought (very little) at around R11k / ETH. It dropped to just over R7k this morning and seems to be picking up now again. I reckon the international clamp down is hitting it HARD!!! Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3265917 Share on other sites More sharing options...
Odinson Posted February 6, 2018 Share ETH dropped like a rock over the past 48 hours. I initially bought (very little) at around R11k / ETH. It dropped to just over R7k this morning and seems to be picking up now again. I reckon the international clamp down is hitting it HARD!!! I bought ETH at €397.28 and sold at €764.26. The peak and drop of ETH was a bit later than BTC, so if you joined the party late in 2017, you could still offload your ETH at a profit. Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3265933 Share on other sites More sharing options...
Letum911 Posted February 6, 2018 Share I bought ETH at €397.28 and sold at €764.26. The peak and drop of ETH was a bit later than BTC, so if you joined the party late in 2017, you could still offload your ETH at a profit. I got onto the bandwagon late and only bought in early Jan I'm actually considering selling at a loss, and playing the minor increases en losses at the moment. It's jumping and dropping about R300.00 at the moment Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3265944 Share on other sites More sharing options...
bertusras Posted February 6, 2018 Share Haha, so someone coined the brilliant term, Dunning-Kruggerrands, to describe Bitcoin. That's hilarious. For those who don't quite understand, have a read. Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3265957 Share on other sites More sharing options...
Odinson Posted February 6, 2018 Share I'm really curious to see where this will all end up. Perhaps we'll be watching a documentary on Netflix in 2020 describing the 'big crypto scam of 2017'. Who knows. Andrew Steer 1 Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3265981 Share on other sites More sharing options...
Patchelicious Posted February 6, 2018 Share Have any of you guys started buying CryptoKitties yet? Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3265988 Share on other sites More sharing options...
Patchelicious Posted February 6, 2018 Share I'm really curious to see where this will all end up. Perhaps we'll be watching a documentary on Netflix in 2020 describing the 'big crypto scam of 2017'. Who knows. I dont think it will ever come out, as the next crypto currency will be sold as better to more authentic that the previous. "Jaja, we all know that BitCoin was a pump n dump scam, but CryptoKittie, NOW THAT is a legitimate investment" Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3265992 Share on other sites More sharing options...
Eldron Posted February 6, 2018 Share I'm really curious to see where this will all end up. Perhaps we'll be watching a documentary on Netflix in 2020 describing the 'big crypto scam of 2017'. Who knows. Close to zero I reckon. All you're buying is hope. Hope that someone else will buy your Bitcoin for more than you paid for it. Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3266004 Share on other sites More sharing options...
Coolspin Posted February 6, 2018 Share I had a mate on facetube punting buttcoins every five minutes late last year trumpeting how well he was doing and how you better get in on the action etc etc.Havent seen any posts about it for a while now.....strange that. dev null 1 Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3266007 Share on other sites More sharing options...
Thor Buttox Posted February 6, 2018 Share I dont think it will ever come out, as the next crypto currency will be sold as better to more authentic that the previous. "Jaja, we all know that BitCoin was a pump n dump scam, but CryptoKittie, NOW THAT is a legitimate investment"Is CryptoKittie the same as the great 16th century Twolip scandal in Holland? Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3266009 Share on other sites More sharing options...
Pieter1 Posted February 6, 2018 Share Jis man. What a cock up. I just checked whats going on now. Hope it somehow gets better. Ah well. Luckily I did not put in big cash. Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3266011 Share on other sites More sharing options...
Odinson Posted February 6, 2018 Share Close to zero I reckon. All you're buying is hope. Hope that someone else will buy your Bitcoin for more than you paid for it. I don't know. The tech supporting Bitcoin and Ethereum is solid and has real world applications. So many FIs are looking into how to integrate distributed ledger tech into their IT environments. Thus, cryptocurrencies will be a part of the future, but their use as a speculation vehicle is probably over. Perhaps we'll see something like Tether be used in the future. A currency pegged to a fiat at 1:1 - you load your wallet and off you go. Andrew Steer 1 Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3266058 Share on other sites More sharing options...
Eldron Posted February 6, 2018 Share I don't know. The tech supporting Bitcoin and Ethereum is solid and has real world applications. So many FIs are looking into how to integrate distributed ledger tech into their IT environments. Thus, cryptocurrencies will be a part of the future, but their use as a speculation vehicle is probably over. Perhaps we'll see something like Tether be used in the future. A currency pegged to a fiat at 1:1 - you load your wallet and off you go. I see a future for the tech - no future for Bitcoin/Ehtereum etc other than criminals doing dodgy sales. I really like the "safety through complete transparency" approach of the tech and I reckon you're right - FIs will pick it up and use it. Hopefully this social media hype "buy bitcoin now!" crapola will stop. Link to comment https://forum.bikehub.co.za/topic/170247-cryptocurrency/page/13/#findComment-3266064 Share on other sites More sharing options...
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