Cryptocurrency

[Hobosapien]

Not 'if' but 'when'.

One of my frustrations during the 90's was full well knowing MP3's were about to transform how we listened to portable music. I recall coming across my first CD stuffed with MP3's in the mid 90s, this will be big I thought. I just had no money to invest what with being a student.

The decentralisation of money, information, computing power - you name it - anything that is controlled or monopolised by the few is about to be transformed.

The problem with decentralisation is it's difficult to be sure you're investing in what will make the real money. Much easier when monopolised if you can get in early enough as per shares in Google/Apple/Microsoft ...

So as with MP3 and other digital compression solutions you can't invest directly but have to put your bets on which companies capitalise on the new technology the most successfully. Same goes for blockchain and cryptos.

So we're left sifting through the tulipcoins for those that have a genuine chance of being the winner in their target market. I suppose when we see the big tech companies buy them out we know they may be the one. Microsoft et al rarely invent their own winners but obtain the IP from others that have done all the hard work to get something worth selling to them at a nice multi million/billion pound price.

Having a spread of investments across the alt coins with the most potential seems like a good plan while we see how things evolve, or just bet it all on bitcoin becoming the new gold standard for the digital age.

[scooterscot]

Including Verge, a known tulipcoin?

Yes. It'll hit $2 before the summer is over. Yes it's a tulip coin, I'd not hold it long term.

[BlasterBates]

In my view Bitcoin has reached maturity so we're through the big gains. In other words the supply of new Bitcoins seems be matching the increase in demand. Bitcoins will now go up and down like any other commodity.

[SunnyInHades]

We need some good bullish BTC movement in the next few weeks/months to bring the McAfee D**kline back on track.

"When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my d**k if wrong.
— John McAfee (@officialmcafee) November 29, 2017"
https://fnordprefekt.de/

A crypto related vid McAfee did last month - average production quality but some interesting points/opinions upto 42 mins (after that questions):

[FarangMau]

Yes. It'll hit $2 before the summer is over. Yes it's a tulip coin, I'd not hold it long term.

That's 50x up from where it is now, so a $30 billion market cap - I'm genuinely curious as to what your prediction for Verge at $2 is based on.

[scooterscot]

In my view Bitcoin has reached maturity so we're through the big gains. In other words the supply of new Bitcoins seems be matching the increase in demand. Bitcoins will now go up and down like any other commodity.

Do you think a single coin will cost more than $50k before the end of this year?

[scooterscot]

That's 50x up from where it is now, so a $30 billion market cap - I'm genuinely curious as to what your prediction for Verge at $2 is based on.

Exactly. Makes stressing about a 50% pullback pointless.

XVG will do a 10x gain against BTC. And BTC a 5x gain before the summer is over. That's a 50x gain.

From the very early days of this thread I've said don't watch the dollar value, trade the BTC value. That's where the real gains are made.

Thing is after this 50x gain many people will not cash it in. You just wait. Many will be like - wow - it's the winner - and in the same breath watch the gains melt away.

[scooterscot]

Hang in there people - I know it's tough at the minute. And I do feel a burden of responsibility for coercing so many to follow my footsteps, which doesn't sit easy with me. Soon enough these pullbacks will be not be recognisable, patients is the key.

My plan B: Addicted to Trading? Scottish Hospital Treats Cryptocurrency Addiction

[SunnyInHades]

Some geezer's TA has spotted the 'Bitcoin devil' trading pattern (666) ...

Buy Dec 6 2017 - $13000
Sell Jan 6 2018 - $17000
$4000 profit/BTC

Buy Feb 6 2018 - $8400
Sell Mar 6 2018 - $11300
$3000 profit/BTC

Buy April 6 2018 - $6500
Sell May 6 2018 - $9700
$3000 profit/BTC

Buy June 6 2018 ? -

[Lockhouse]

BAX listed on Kucoin.