Post
Topic
Board Speculation (Altcoins)
Merits 4 from 1 user
Topic OP
Can we just point out the obvious?
by
preshpr1nce
on 25/01/2019, 13:35:54 UTC
⭐ Merited by suchmoon (4)
So a lot of us have these highly optimistic views towards crypto and bitcoin, this is fuelled by nothing more than the desire to make money from something which has had it's day.

First before we go telling new people to buy now can we just stop and think about the impact you would feel if a selfish person gave you bad advice and you ran with it? Now what if a group are telling you? You'll lose complete confidence in the market you're trading on and likely move on with a sour taste.

No one on here has any idea when things will turn and it's all hope and optimism with no basis, we need a reason for things to turn and currently we don't have a reason, the big investors that pushed the price up did so because they had faith in where this technology could go, but sadly 2017 demonstrated a big failure in one of the most important areas being efficiency, if those recall how expensive bitcoin transactions got and how slow they became late 2017 you'll get this point and understand why we crashed, as it is now Bitcoin still has these issues and cannot scale well, we have solutions in the works like lightning network and other altcoins working on scalable solutions, but where it stands now we have no reason to go up, so please stop telling people it's about to change.

It's still not a bad time for beginners to put in a small amount and learn via day trading and research, I recommend doing so..but I do not recommend throwing big money at anything right now.

Myself I'll throw more money in when I see a successful roll out of the lightning network taking place, if we can get past the efficiency issues confidence will grow, I'm still optimistic long term in the tech but we have a bit of a way to go.

I'm sure some will disagree with this but the main point stands, we're being unmoral pushing advice we know isn't true.