Man, now the stars are finally aligning for me again as I have cash on the side and price is dropping. Will step in sub 8k. Maybe it'll crash even harder. The bears are good for something once.

Just FYI crypto-currency is not the global currency of the future so I partially agree with this post.
Nevertheless I still like Bitcoin et al. But McAfee's manparts are in serious trouble.
What I cannot agree with is that the intrinsic value is zero. The ability to instantly send money digitally at the push of a button in an electronic era has the potential to make a serious dent in the financial industry with several trillions at stake. But only the righteous will thrive.

...how I hated quoting that entire thing. Would also rather remain on-topic.

No paper to support my brain fart. But let's just say that rich people would agree. "You are the average of the 5 people you spend the most time with." - Jim Rohn.

I do believe education can improve your IQ. It's an arbitrary scale anyway and if extended exposure to complex subjects forces you to concentrate more you will also score higher on IQ tests. You can definitely train for that shit.
And the assumption that homeless people are less endowed mentally is about as shallow as judging someone by the color of their skin. And I refuse to believe Logan Paul has above average IQ.

That article is massively out of whack. Bill Gates appears twice, the sample is way too small and the hypothesis seems forced.
The average income has much more to do with who you surround yourself with than with your IQ.

And I doubt that most homeless people have such low IQs. But if that actually were the case (globally) then we'd have a strong indicator how to prevent homelessness (education).

Oh yea, and blacks are also racist. How you deal with that?

On a positive note, 1 Bitcoin is still more than 4 times more valuable than 1 ounce of gold.

Let's see if 5k holds.

Something like this?

http://185.81.167.239:3001/richlist

I saw people lose a lot money because the price of the coin dropped a lot in value and they didn't want to end up bagholding. The ROI didn't matter anymore because you would never reach ROI if the coin loses 50-80% in value and stays there. My question is: What is your recommendation in that scenario when you throw 100k at a coin?

Sure, if you bought Dash when it was cheap, built a Masternode around it and got your annual 8% now PLUS the price increase of the coin it's all worth it and I would recommend doing that. But not everyone had to opportunity to invest in Dash.
Now many coins have shown up that are strictly for profiting from Masternodes and the coin itself doesn't have much development. Will those projects ever succeed? Probably not because it's hard enough for normal coins to succeed. And the same rules apply. If the price is too high (=hype) right out of the gate and development is weak then it will probably crash. And if the price is low (=no hype) and development is strong normal growth can occur. I'd recommend to invest in the later.

Bitcoin won't replace FIAT I guess, something else that has yet to emerge will. But I really like the technology. And they are right, it's way too unstable to be used by everyone. That's why people cash out in USD/EUR. It's stable. But nothing out there can beat the 10X returns. 

3.4 million supply. People who panic sell don't understand crypto. 
Just check the price for low supply coins in top 100.

I can always say: "I thought about buying/selling at that price" because often it did cross my mind to buy the bottom or sell the peak but then I never execute. And as valta pointed out, you can buy anywhere right now and will be in the green once Bitcoin starts testing the old ATH.

I don't have a crystal ball so I can't tell you what the price of TRX will be in 3 months. My guess is around $0.50 and it will cross $1 this year.
You can go invest in another coin but you will always run into the same problems. The best thing is to research the projects and stick with the ones you believe in. Don't think the grass is always greener on the other side.


If anyone wants to support TRON, vote for it to be added to KuCoin. (2 days left)
https://www.kucoin.com/#/vote

It was in the lead for a long time but the eBTC community chose to pay for votes.
https://www.reddit.com/r/eBTC/comments/7qwvaa/kucoin_voting_kcs_giveaway/

It is clear what kind of a "get rich quick" character the OP is. Dan Bilzerian is not a role model, only a mysogynistic pig.

The rule "buy low, sell high" applies even to hodlers who don't increase their stack at every turn. Some people can think further than 1 month. I know it's unbelievable, but it exists.

And daytrading can be very stressful. I'd rather have a "set and forget" strategy.

I think it was. And even if it wasn't he chose an excellent entry point. He might very well look at 100k+ with those coins this year. I had 40k coins in december but not the foresight to hodl long-term.

No insult intended. Sometimes you gotta pay the bills when timing couldn't be worse - at the low. Knowing full well you just paid twice as much as was needed.

Thank you for your offering to the crypto gods. (Is there a name for it? Maybe honeybadger?). It has been received.

Woah, look at all that green! Went to sleep for a couple of hours and BTC is back in the saddle and all but 2 coins in the top 100 are in the green.
Congrats to everyone that bought the dip and shame on every weak hand that thought the sky was falling. If you sold at the bottom you will likely do it again.

Yes, taking profit on the way up and cost-average buying in stages on the way down. I also wish I had the commitment to follow the simple 50/25/25 rule. 50% BTC, 25% big caps, 25% small caps. My altcoin portfolio is getting rekt.

Might be your lucky day. Bitcoin getting cheaper and cheaper.

I also hodl because this panic is not worth my peace of mind. I'm now down 75% on my profits and this is still a healthy correction in my eyes. Hopefully after this we will have less moon lambo kids here as they now probably all ran for the hills.

Sometimes I just wish I was smarter in taking profits and having fiat ready when things are on sale like now. I could make a freaking killing. But then I'm greedy and think it's going to go up forever. I can never quite predict the peak. But now you can double or triple your money in coins (including BTC) that just have to revisit their previous ATH. It's an amazing opportunity.

I'm not even saying Bitcoin didn't have worse days because it has certainly been going through a lot and came out on top. This past year has been a gold rush for Bitcoin and if it did crash back down to really low prices I think it would destroy a lot of confidence in the market. People might discard it again.

And I agree on another post that Bitcoin should be USED. It's the closest thing to digital cash I have ever owned. But the transaction fees have been way too high lately. That's why I like Litecoin.