I think most people are actually at least a bit financially aware. They know that the loans advertised on tv with 45% yearly interest isn't good, and that they should be avoided. However, they also like the luxury of not thinking too much about how they spend their money. In my friend group the majority just don't give af if they spend 300$ on a night at the town, even if that's a good deal of money to them. They just choose to value freedom right now over freedom later, which is their choice. On the other hand you have really ignorant people who will buy a new TV with one of those 45% interest loans, and then pay it off over 5 years. These people should not be in charge of their own finances.

What causes the tulip bubble to burst was actually the black plague coming to town. Sure, the prices was blown way out of proportion, but everyone was in this rational bubble until they didn't dare to go outside to join auctions. The sellers still had to go as they had mortgaged their houses and whatnot, and this caused the markets to realize that it was buyers market. Buyers market in a situation where there is a very small intrinsic value might cause a crack, like it did. Let's hope it's not the case for crypto also.

There's still a lot of unrest in the market, and it can continue to fall for a while. However, the risk has definitely fallen, as the prices are now lower than before. I'd go with a strategy where you divide your money up in equal sums and invest at different points of time with a determined interval for about a month or so. This removes a bit of the timing risk.

Blockchain technology will be incorporated into things that are profitable no matter what. This is the true gain from Bitcoin, not actually Bitcoin itself. Bitcoin is pretty useless, and more of a gimmick than anything else right now. It doesn't solve any problems now. So I've cashed out a bit, fortunately before this correction. Might buy back in when I feel the market is recovering, but right now I'm sitting tight with my Fiat. Might even buy something.

Yeah, it's great. You don't need 100 any more, tho. It's been reduced to 50

In ten years blockchain will be incorporated into almost all transactions. I don't think there will be very many different types of coins, as they are not very useful as a means of payment. Bitcoin might live on as a way of storing value, and an investment asset, but not as a currency. Then there will be a different, more effficient coin that will be used as a currency. Governments will probably start issuing their own, controlled e-currencies as well.

Report #
[08/01-14/01]
Link to twitter account: https://twitter.com/Smokey__Bob
Number of friends: 1194

Tweets:
1 https://twitter.com/Smokey__Bob/status/951091767415320576
2 https://twitter.com/Smokey__Bob/status/951483811564486656
3 https://twitter.com/Smokey__Bob/status/951847758817787904
4 https://twitter.com/Smokey__Bob/status/952512678957912064

Retweets:
1 https://twitter.com/creditscom/status/951020188518043650
2 https://twitter.com/Smokey__Bob/status/951483712117641217
3 https://twitter.com/creditscom/status/951833187466072064
4 https://twitter.com/Smokey__Bob/status/952512897967706112

Blockchain technology is going to be adapted into a lot of fields. Governments aren't usually known for being at the cutting edge of implementing technology, so it's gonna take a while for them to catch along. Sooner or later they're gonna use it for stuff tho. They of course want to tax the profits people get from crypto, but that's another matter.

Yeah, absolutely. DO is a great investment even without the airdrop. I've made about $20k the last month from investing in them, and now my weekly airdrop is worht like 700$. Get in before they get on Binance, then it's really gonna moon. The developers have said that they're preparing the documents and stuff to get it approved there, so it's going to happen soon. Just a heads up if you wanna get in, do it NOW

My background is from the stock market, where I use fundamental analysis. This means I look at the company's ability to generate cashflows according to their strategic position in the market and market conditions, among other things. If I should compare crypto to this then they would probably be more of a growth stock. However, there are no cashflows, and all profits come from appraisal in the sales value of the currency. This makes me think it's all a bubble that will burst sooner or later, and that I better get out before that.

Nothing will happen. Some banks would adapt, and live on. Others might perish due to their old ways. New banks would erupt in the void. It's not like decentralization of the currency makes it impossible for organizations to profit from its use. That's what banks do. They would probably make even more money, as many things can be automated. They can then have fewer staff members.

The first time I read about bitcoin was back in 2011. I didn't understand it at the time, and I did not see the potential. I just read about it as it was interesting. Of course now I regret not buying, but who can know those things. Can't beat myself up for not being psychic. Now, many years later, I registered on this forum to join some bounty campaigns.

When I went to my bank to get a loan the advisor there said "I see you have a lot of expenditure at a gas station, why is that? You don't grocery shop there, do you?", to which I replied that "no, that's a fault in your system where you register the grocery shop that lies right next to the gas station as the gas station itself". The problem here isn't the fault in their systems or that I had to explain it to her not seem like an economic moron. The problem is that she just went ahead and looked at my transaction logs like it was nothing. I don't want my bank to have such easy access to what I've bought and where. That's not their business.

The way I see it most investors are not rational in the crypto markets. A big portion of the trading is done on hunches alone, and people don't really try to find any underlying value. If the asset you're investing in doesn't have any long term plan for actually being useful, then it certainly won't be worth much in the future. Bitcoin doesn't really offer very much utility right now, with such high transaction costs. Anyone that can transfer money legally will do it in another way. This just leaves people that can't transfer legally, and a black market like that is bound to be hit hard by governments.

There are so many borderline retarded answers in this thread. Why do people say stuff like "yeah it's very powerful it has high price super powerful". Jesus christ, that's not an answer. That's not even a sentence. How do you guys function in day to day life?

Anyways. The answer depends on what you mean by "powerful". Bitcoin has certainly appreciated a lot, but with that appreciation has come an increase in transaction costs. With transaction costs of >10$ Bitcoin is not fitted to be used as a currency. Thus it cannot be the strongest currency, as it isn't a currency.

Generally speaking this question depends on your timeline. If you need your money in two months investing them could be really stupid, as you might have a lot less by then. If your timeframe is 5 years you should ALWAYS invest some of it. The bank normally don't give you more interest than to cover inflation, so you're not going to make any money by that.

I mine to save. Mining is not very profitable, so if I'd mine simply for profitability I'd just sell coins as I got them. I'm mining coins I think will gain value, because I don't have cashflow enough to invest in them all the time. Also I think mining is kinda fun, so it's a nice project to do.

The problem with all these airdrops is that people just sign up for EVERYTHING, because it is free. People also buy all these shitcoins without any logic behind it, except hoping that it will moon. So then the devs can unload a lot of their shitcoins and get free money. For many the airdrop is actually reversed: the devs get money from the participants. So just be a little bit critical and don't hop on things that don't even have an ANN.

As I see it there are two factors that depend Bitcoin's future value. 1) If it will be actually usable for transactions, and 2) if the volatility calms down to a level where one can actually put money in it without being completely uncertain of the returns. Right now it is just a speculative object, where you invest in the hopes of someone else buying it for more. That is not sustainable, and it either calms down or it bursts. There is definitely value behind it, but it will have to redevelop if it bursts.

In my opinion the most important thing you do is to diversify. If you want to invest 12k, you should have max 50% in one coin. Myself I have about 25% Bitcoin, 25% DeepOnion, 15% ETH, 10% Link and a bit other smaller coins. With so many coins to choose from it can be hard to know if you should invest or not, but just do some research and make up your own mind. If you simply trust what people here say you might lose all your money and not even know why.