Cryptocurrency

[Odinson]

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. 

[Patchelicious]

Have any of you guys started buying CryptoKitties yet?

[Patchelicious]

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"

[Eldron]

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.

[Coolspin]

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.

[Thor Buttox]

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?

[Pieter1]

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.

[Odinson]

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. 

[Eldron]

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.

[eddy]

The tech supporting Bitcoin and Ethereum is solid and has real world applications. S

 

 

Big difference between the technology and the product.

 

Plant hybridisation = good technology

Tulip bulbs = bad investment product

[stefmeister]

Luckily got out last year and made my money when it went just over $10k. It was getting too absurd, climbing >$1k/ day. Stories of people taking a mortgage against their home loans just to buy BTC.

All those smartass "financial advisers" are awfully quiet.

 

 

 

Sent from my iPhone using Tapatalk

Edited February 6, 2018 by stefmeister

[Captain Fastbastard Mayhem]

Luckily got out last year and made my money when it went just over $10k. It was getting too absurd, climbing >$1k/ day. Stories of people taking a mortgage against their home loans just to buy BTC.

All those smartass "financial advisers" are awfully quiet.

 

 

 

Sent from my iPhone using Tapatalk

Heh. Which is why Im very happy I continued to say only use play money. Yes, it's still a hilariously short term for such a fabulous correction, but that's my view. I'll leave mine in Ripple for a while longer. 

[Odinson]

Some lekker pump 'n dump happening over at E-coin. 

 

[Patchelicious]

I am not sure if this has been posted here, but whoever bitcoined the term "Dunning-Krugerrand" deserves a million crypto-high-fives!

 

 

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.

 

 

Welcome to the party, if this is the speed at which you read things on the net, stay away from investing in BitCoin.

 

If you bought BTC on 25 Jan and sold today, you would have lost almost 40%

[Mojoman]

Luckily got out last year and made my money when it went just over $10k. It was getting too absurd, climbing >$1k/ day. Stories of people taking a mortgage against their home loans just to buy BTC.

All those smartass "financial advisers" are awfully quiet.

 

 

 

Sent from my iPhone using Tapatalk

I know someone who spent near on R100k on the miner units...recently as well!!

[stefmeister]

I know someone who spent near on R100k on the miner units...recently as well!!

Yeah, my one colleague was one of them. Luckily (now) his friend spilled his beer on his rig - and his insurance covered it. He had taken out a personal loan to fund it. Small mercies.

 

 

Sent from my iPhone using Tapatalk

Edited February 6, 2018 by stefmeister