Down 25% ....bubble bust the shorts are having fun 
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Bitcoin....
2017-12-22 10:16:43
2017-12-22 10:59:46
In reply to Ninetenjack
Only fools invest in Cons
2017-12-22 11:19:48
In reply to Ninetenjack
Astute CCCers still holding dem stock 
2017-12-22 11:41:47
Oh well.
It is well funny how I warned everyone here BACK IN FEBRUARY that the bitcoin will crash.... now that it can/might/will/could happen.... men get called fools - at worst that fools invest in cons.
I made a very very tidy return from my investment - I did so legally - I did so after much trepidation followed by observation and moderation.
BTW Sis, the bitcoin market is not a con - but it WILL reset over time. No point trying to convince you otherwise - and if you accept that ALL of the stock market can be viewed as a con - then this emerging currency via that line of thought can too be considered a "con"
A failure to understand WHY cypto-currency is here to stay is the real con. The EXACT same thing happened when personal checks and credit cards was introduce in Banking.... people went ballistic. I am sure even Sis uses a credit card twice a year.
2017-12-22 11:50:01
In reply to pelon
Hearty congrats! Between you and Chrissy, you gobbled up all the wisdom of this universe.
2017-12-22 12:05:50
In reply to pelon
A failure to understand WHY cypto-currency is here to stay is the real con. The EXACT same thing happened when personal checks and credit cards was introduce in Banking.... people went ballistic. I am sure even Sis uses a credit card twice a year.
We are entering into a wireless, cashless, cardless and paperless era ---- bitcoin and or the manufacturing of systems that supports such Technology will be implemented into a range of products – parking, mass transit, banking, gas stations are some entities that come to mind ----- I am not into bitcoin, but it or some reasonable facsimile is the new reality
2017-12-22 12:06:44
SELL SELL SELLLLL!!
2017-12-22 12:13:43
In reply to pelon
I bailed on my Bitcoins just before it hit $11K and I'm happy as fcuk I did.
The first problem is that Bitcoin is actually one of the worst digital currencies out there. In terms it being used as a payment system the transactions are slow and it's technology is already obsolete in comparison to a lot of newer coins. The only reason it's getting all this attention is because it's first crypto and there is this idea of it being scarce.
The second problem with Bitcoin is that it has no value. It is no longer being used as a currency as was its original intention. It's being used now as an investment commodity. But if it is an investment commodity then what is it's underling value if it is no longer a currency? Nothing. For example gold is an investment commodity but it still has pragmatic value. Gold is used to make jewelry, used in computer parts, medicine, science etc.
What the fcuk do you use bitcoin for if you're not going to use it as currency or alternative legal tender?
2017-12-22 12:15:53
In reply to culpepperboy
SELL SELL SELLLLL!!
Speculate speculate speculate!!!!
2017-12-22 12:23:51
In reply to SnoopDog
Pelon say he told u that in February.
2017-12-22 12:24:24
In reply to birdseye
We are entering into a wireless, cashless, cardless and paperless era ---- bitcoin and or the manufacturing of systems that supports such Technology will be implemented into a range of products – parking, mass transit, banking, gas stations are some entities that come to mind ----- I am not into bitcoin, but it or some reasonable facsimile is the new reality
I agree. People are getting distracted with bitcoin and cryptocurrencies. The underlining technology that created the cryptocurrenies is where the future is at.
Much like focusing on email in the early days of the internet as the be all and end of the internet when the internet was so so much more.
2017-12-22 12:25:52
In reply to DAVE400
Pelon say he told u that in February.
Didn't he?
But it's knowing when to cash out. The bitcoin boat has sailed.
2017-12-22 12:44:02
In reply to SnoopDog
Much like focusing on email in the early days of the internet as the be all and end of the internet when the internet was so so much more.
DING DING DING!
I bailed on my Bitcoins just before it hit $11K and I'm happy as fcuk I did.
Nailed it.
If you are still holding bitcoin you are in the wrong game.
Re: February 2017 - the warning was made here.
Summary: Cryptocurrencies is still in the wild wild west stage, even though it already has a robust, if not mature ecosystem and it is becoming more accepted globally - even at merchant level. The trust factor, that which is critical to any currency (digital or hard), is the last hurdle before it cements itself. My personal belife is that it will morph more into a commodity, moreso than "currency"
The early prospect of making money from Bitcoin will fade, as the currency stablizes against market demand. The rocket trajectory will flatten much closer to a 1-1 ration than the 1-900 current boom... but the other benefits of a de-centralized currency hold well in the future, for members of small island states like ours as an alternative to hedging against devaluation without conversion to USD. While I own slightly less than 7 BTC units that cost me aprx. $1400.00 I used little to no hard currency (as stated above) to acquire them - perhaps this model will appeal to you also.
The early prospect of making money from Bitcoin will fade, as the currency stablizes against market demand. The rocket trajectory will flatten much closer to a 1-1 ration than the 1-900 current boom... but the other benefits of a de-centralized currency hold well in the future, for members of small island states like ours as an alternative to hedging against devaluation without conversion to USD. While I own slightly less than 7 BTC units that cost me aprx. $1400.00 I used little to no hard currency (as stated above) to acquire them - perhaps this model will appeal to you also.
2017-12-22 12:45:51
In reply to pelon
A failure to understand WHY cypto-currency is here to stay is the real con
I think it is called cryptocurrency.
Did you cash out and if so, did you use FastCash4Bitcoins.com or Coinbase?
2017-12-22 12:53:26
In reply to pelon
I'm sure you guys have seen and heard this phrase a thousand times, but it never gets old:
"Be fearful when others are greedy, and be greedy when others are fearful".
2017-12-22 12:57:35
Didn’t Litecoin founder bail out also?
2017-12-22 12:58:31
In reply to Star
I cashed out BEFORE it went crazy high - with no regrets and still made a substantial return.
When it came time to sell - I went a different route also, as I appreciated the escrow system here: LINK
As I said over and over: it is the wild wild west. If you are still holding; you have been warned.
[I gone to make some Sorrel - lata]
2017-12-22 13:04:37
In reply to Runs
Didn’t Litecoin founder bail out also?
Yep. He mentioned something about conflict of interest as the reason.
It's so crazy to see some 18 year old kid in a hoodie who made half a million in crypto currencies being interviewed on TV as some kind of financial expert.
The worst thing I've heard people doing during this mania is they're buying these crypto coins on their credit cards and Xmas bonuses. Like seriously, WTF people!
2017-12-22 14:58:28
Reading this thread I am shaking my head
I sold my frugal 6 bitcoins when it was at $16,000+
bought it in January of 2017.
I read the thread where Pelon noted about bitcoins and its bubble early this year.
With my new found wealth
I bought 10 Ethereum at under $450.00, today its trading at $722.00 +
The rest I have in my bank account.
Now Snoopy will tell ya dat I am not as smart as Dave
but a duncy like moi not doing to bad.
2017-12-22 15:47:24
In reply to SnoopDog
when you talk about underlying tech...are you speaking of Cryptography/blockchain/miners?
2017-12-22 22:17:58
In reply to SnoopDog
Gov and FINRA and SEC will get involved, this stuff is threatening the economy. 
2017-12-22 22:47:31
I spoke to 11 people i know so far who meddled in bitcoin and guess what .... they all cashed out in time and made big profits. I can now add a few more to that number...
Seems like there were no losers 
2017-12-22 23:49:47
In reply to Ninetenjack
Not the time of the year to discuss this, but I wish I could ask a better question.
Should we Star a suicide hotline on CC.com?
2017-12-23 00:54:38
In reply to Ninetenjack
bitten and conned
and done together
licks 
2017-12-23 12:07:27
Ponzi scheme 
2017-12-23 14:28:49
In reply to Kay
err...as with all pyramids the late entrants lose...
Pelon can bring all the faux analysis he wants...at the end of the day it was structured to have artificial scarcity (the half life decay factor)...
So, the sleight of hand conmen like pelon are trying, by switching the commentary to the underlying value of a blockchain technology is just a bunch of fcukery...
All new inventions enter the market at high price...but there is a quantitative predictor of demand that can be done, complete with price sensitivity analysis...
Also you can factor for production capacity being increased to accommodate additional demand. Through sufficient, disciplined, informed assumptions and analysis, you can build models to predict the issuer of the stock's underlying values..
Bitcoin was the opposite...proponents (conmen like pelon) proclaimed it the best technology since sliced wheels...but...for some crypto reason believes the issues should be halved in each cycle...where is the logic in that....
oh..the logic, I reiterate, is the artificial creation of scarcity...
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