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Cavalier Crypto 101 (2 Viewers)

It's bad but typical right now.  There will be another huge run up and we will get out hopefully close to even.  I actually think it will go much higher than even but I must say I don't have the same outlook on the space in general as being viable.  Either way, no other choice than to lick the wounds and hold.  I am sure there will be a massive push again with will be all manufacturer liked before, probably go nuts when bitcoins stop mining but either way, I will be happy when this is over and I get money and the responsibility out of my hands.

 
Anyone read the Bitcoin reddit threads?

Listen, the year end $50k prediction is obviously a bit much, but by early 2020 I could see a very realistic target of $100k.

:lmao:

 
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fantasycurse42 said:
Anyone read the Bitcoin reddit threads?

Listen, the year end $50k prediction is obviously a bit much, but by early 2020 I could see a very realistic target of $100k.

:lmao:
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I don't think it is as crazy as you think in an unregulated, manipulated market.  Not that I agree but there are people controlling that market.  

 
IC FBGCav said:
I don't think it is as crazy as you think in an unregulated, manipulated market.  Not that I agree but there are people controlling that market.  
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Here is the thing, and the lesson some who thought they could control the market prob learned. 

When they have their niche market, without too much outside attention, it can be their playground. When big money takes notice and the price gets silly, they come to play too. Slamming it down and driving the price lower is pretty easy for those with very deep pockets. 

 
fantasycurse42 said:
Here is the thing, and the lesson some who thought they could control the market prob learned. 

When they have their niche market, without too much outside attention, it can be their playground. When big money takes notice and the price gets silly, they come to play too. Slamming it down and driving the price lower is pretty easy for those with very deep pockets. 
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Here's the other thing though, a Bitcoin is still worth what, $6,000? That's what blows my mind... You can still sell one for that today.

 
fantasycurse42 said:
Here is the thing, and the lesson some who thought they could control the market prob learned. 

When they have their niche market, without too much outside attention, it can be their playground. When big money takes notice and the price gets silly, they come to play too. Slamming it down and driving the price lower is pretty easy for those with very deep pockets. 
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Yes but the game it the same.  Price goes down enough for people to buy again.  Then you can show big gains to get new blood involved again push it high and sell again.....crash again.  Buy cheap, repeat.

 
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Getzlaf15 said:
it's only down 2% today.  All the others are down 10-15%.    That happened the other day also.
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Day to day doesn't matter, the history shows huge pushes.  When it pushes, get even here and out.  Then you guys can do what you want.  I will use my other holdings to make people whole here if possible and we fall short.

 
IC FBGCav said:
Let me ask you this 42.  Do you think this is the end and we will never get even?
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Never.

This isn't like holding Amazon or Google, where we know the value bc we use it and need it, this is a novelty. If someone said I bought AMZN at $1,950, all they have to do is forget they own it and I'd guarantee at some point (not sure when), they'd get their money back.

To add, we know at some point, Amazon or Google will bring in new buyers if it keeps going lower, you cannot say that about Bitcoin.

 
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fantasycurse42 said:
Never.

This isn't like holding Amazon or Google, where we know the value bc we use it and need it, this is a novelty. If someone said I bought AMZN at $1,950, all they have to do is forget they own it and I'd guarantee at some point (not sure when), they'd get their money back.

To add, we know at some point, Amazon or Google will bring in new buyers if it keeps going lower, you cannot say that about Bitcoin.
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Would you sell now?  

 
IC FBGCav said:
Day to day doesn't matter, the history shows huge pushes.  When it pushes, get even here and out.  Then you guys can do what you want.  I will use my other holdings to make people whole here if possible and we fall short.
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remember that time when Bitcoin went from $5.5K to $19K in 33 Days ...

that was neat

 
IC FBGCav said:
Would you sell now?  
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I can't see the current value, the spreadsheet just says error. I'm pretty sure I called the value would be close to $0 by the end of the year during the craze somewhere in one of these crypto threads, but I'm not searching for it. 

I assume you're down 80-90%, so no, I'd hold and pray (or I'd sell and buy one share of AMZN, one of those two acts).

 
IC FBGCav said:
There was no reason why it did that but new money, but it jumped that much before.  Higher cost. Makes that harder.
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Joe Public has already been burned. Similar to how they won't leverage themselves to the neck on mortgages again (at least for now), that money won't be finding its way back into the space. 

 
fantasycurse42 said:
Joe Public has already been burned. Similar to how they won't leverage themselves to the neck on mortgages again (at least for now), that money won't be finding its way back into the space. 
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But in the end, I got the Trump card (pun intended) people are dumb, just like me.

 
IC FBGCav said:
Day to day doesn't matter, the history shows huge pushes.  When it pushes, get even here and out.  Then you guys can do what you want.  I will use my other holdings to make people whole here if possible and we fall short.
Click to expand...
You’re not doing that. 

 
I don't know if it's BAT, but I do believe the advertising space will be revolutionized at some point. Big money in advertising and big data.

 
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