Crypto-currencies

[rotor]

Ponzi. Good luck with your investment and as long as you don't put in more than you can afford but eventually it will collapse.

[Abraham]

Con-men, completely depend on greed over coming the most level headed among us.

That's how scams work: Easy money, big returns for little risk, uh-huh...greed.

Are my words just words?

No, I seen it over and over to good friends, relatives.

If looks to good to be true, it isn't...just wait.

Bernie Madoff along with bunches of other scammers depend on greed...

[The Annoyed Man]

Ponzi. Good luck with your investment and as long as you don't put in more than you can afford but eventually it will collapse.

Con-men, completely depend on greed over coming the most level headed among us.

That's how scams work: Easy money, big returns for little risk, uh-huh...greed.

Are my words just words?

No, I seen it over and over to good friends, relatives.

If looks to good to be true, it isn't...just wait.

Bernie Madoff along with bunches of other scammers depend on greed...

Exactly the same words spoken by naysayers every single time a new currency comes into existence.

Circa 1776: “Why....that upstart dollar will never be worth anything compared to His Majesty’s Pound Sterling!!!

[Abraham]

Man oh man, I sincerely hope, I can and come back and say man oh man was I wrong.

I wish you all well.

[The Annoyed Man]

Man oh man, I sincerely hope, I can and come back and say man oh man was I wrong.

I wish you all well.

Thank you for the well wishes. Let me leave you with an idea to chew on. Ask George Soros (whome we all love so dearly) how he became a multi-billionaire - one of the richest men on the planet. He did it by trading in currencies of different kinds - playing one off the other, etc. etc.

Crypto currency is REAL currency. It is here to stay. You can already buy and sell goods using cryptocurrency. SOME crypto currencies will bottom out and turn to crap, just as have some fiat currencies. Example: read up on what happened during the Argentinian financial crisis that lasted from the late 1980s until about 2002, when the Argentinian Peso became completely worthless. Or, how about the Deutschmark during the Weimar Republic in the 1920s?

ANY fiat currency can collapse too, not just cryptocurrencies. You have to choose wisely, JUST like you do with trading in fiat currencies, and you have to know when to hold ‘em and when to fold ‘em.....JUST like with trading in fiat currencies. But the bottom line is that cryptocurrency is here to stay, and it is only going to get bigger.

[rotor]

Man oh man, I sincerely hope, I can and come back and say man oh man was I wrong.

I wish you all well.

Thank you for the well wishes. Let me leave you with an idea to chew on. Ask George Soros (whome we all love so dearly) how he became a multi-billionaire - one of the richest men on the planet. He did it by trading in currencies of different kinds - playing one off the other, etc. etc.

Crypto currency is REAL currency. It is here to stay. You can already buy and sell goods using cryptocurrency. SOME crypto currencies will bottom out and turn to crap, just as have some fiat currencies. Example: read up on what happened during the Argentinian financial crisis that lasted from the late 1980s until about 2002, when the Argentinian Peso became completely worthless. Or, how about the Deutschmark during the Weimar Republic in the 1920s?

ANY fiat currency can collapse too, not just cryptocurrencies. You have to choose wisely, JUST like you do with trading in fiat currencies, and you have to know when to hold ‘em and when to fold ‘em.....JUST like with trading in fiat currencies. But the bottom line is that cryptocurrency is here to stay, and it is only going to get bigger.

I wish you well too but as in all things traded there are winners and losers. We all know that even country issued currency can collapse, look at Venezuela right now. Cryptocurrency is real in the fact that it is being traded on an exchange so that anyone can convert dollars or other monetary currency for crypto coins and the reverse. The difference between crpto and say Amazon stock is that with Amazon there is a company behind it and you can see the results of that company. With crptocurrency you can only see the rise and fall of it's value in relation to the dollar or whatever currency you compare it to and that changes on a day to day basis. With the dollar you have the faith and trust of the United States (please don't get me started on that). Probably right now a good investment might be Venezuela currency as eventually it should come back as I believe they have the worlds largest undrilled supply of oil. What backs crypto though except the current upward trend in the market? I think there is money to be made in crypto as long as the slope of the curve is still upward but I believe it is like a Ponzi scheme and will collapse at some point. The big players and manipulators will eventually sell out and the market will crash. And when they sell it off they will sell it for dollars and not a different cryptocurrency. Because after all, what backs it up. Nothing. Just my opinion and TAM I hope you make a ton of money with it. I personally live in a material world. I like things, cars, guns, homes, man toys-you know what I mean. Preferably they will go up in value- maybe not. I don't buy precious metals even though I can hold it in my hands. TAM, just know when to hold them and when to fold them and if it looks too good to be true, it is. Enjoy my friend.

[Liberty]

The one thing I'm certain about is that the US dollar will buy less in the future than it will buy today. It's been that way my entire life and I see nothing that will cause this to change.

[The Annoyed Man]

Now I’m up $670 since 12/22, and up $181 since 6:30 this morning. A friend of mine made a little over $4000 in the last 24 hours.

[The Annoyed Man]

From what I understand if your account somehow gets hacked your crypto currency is gone with no way to recover it. One minute you are riding high and the next it is gone like the wind.

That is true, and what AndyC says is the correct way to manage it. That said, Coinbase insures their accounts, so you may not get it all back, but there is some insurance.

For the doubters, maybe these pictures will help. They were taken literally within a couple of minutes of one another, during which time the price increased by three bucks. The first describes the activity in the last 24 hours. The second describes the activity over the last year:

[The Annoyed Man]

Now I’m up $670 since 12/22, and up $181 since 6:30 this morning. A friend of mine made a little over $4000 in the last 24 hours.

It’s up to $723 of profit now.

[bbhack]

From what I understand if your account somehow gets hacked your crypto currency is gone with no way to recover it. One minute you are riding high and the next it is gone like the wind.

Pretty much correct. Blockchain tech is here to stay. The way it gets used is in the infancy stage.

If you send an amount to the wrong address, gone. If your send an amount to a non-existent address, gone.

Getting hacked is <<<<< less a danger than the above.

[rotor]

Now I’m up $670 since 12/22, and up $181 since 6:30 this morning. A friend of mine made a little over $4000 in the last 24 hours.

It’s up to $723 of profit now.

It's only a profit when you sell. The question is.......... when do you sell? Still a Ponzi.