Search content
Sort by
Showing 3 of 3 results by out-caste
Buggrock, technology always has a parabolic adoption curve. Did you stop using facebook when it became popular?
Bitcoin's usefulness actually increases as more people get into it and put more money into it. As it stands, the cryptocurrency market is TOO SMALL to be taken seriously by large investors or large retailers (unless it is as a gimmick). If the assumption is Bitcoin succeeds (and that's a big if) it will be way higher than it is today.
Sure, there may be a temporary crash to $500, but why would you take the risk and wait? It could just as easily go to $1100... then 1300... then 1800. And you will be sitting there waiting for it to crash by 50%.
If you are serious about investing in cryptocurrencies and are nervous, invest over time at set intervals.
Stop trying to read the market, it's something no one has ever seen before. Anything goes.
Bitcoin's usefulness actually increases as more people get into it and put more money into it. As it stands, the cryptocurrency market is TOO SMALL to be taken seriously by large investors or large retailers (unless it is as a gimmick). If the assumption is Bitcoin succeeds (and that's a big if) it will be way higher than it is today.
Sure, there may be a temporary crash to $500, but why would you take the risk and wait? It could just as easily go to $1100... then 1300... then 1800. And you will be sitting there waiting for it to crash by 50%.
If you are serious about investing in cryptocurrencies and are nervous, invest over time at set intervals.
Stop trying to read the market, it's something no one has ever seen before. Anything goes.
My story is I bought my coins at around $100 but then sold them all before they hit $200... then bought back in much later.
Lesson #1 bitcoins always look like they are going to fast. In a market like this, it is always best to buy and hold.
I agree with you about getting into other cryptocurrencies, bitcoins aren't invincible, but the market as a whole is. I finally got some litecoins, had I not waited a week to finally get around to buying them I could have got them at a third the price
(watch it crash tomorrow...)
I think ripple coin is a good idea. Although there seems to be a lot of hate going around, at the end of the day, I think they could represent the best compromise between what exists and cryptocurrencies. Bitcoin fans have to remember that what the general population wants or likes is (unfortunately) not what we want or like. That being said, I have yet to buy any.
I'm also considering Peercoin but I don't know.
I personally would avoid all other currencies unless they start to challenge the top 3 or 4.
Lesson #1 bitcoins always look like they are going to fast. In a market like this, it is always best to buy and hold.
I agree with you about getting into other cryptocurrencies, bitcoins aren't invincible, but the market as a whole is. I finally got some litecoins, had I not waited a week to finally get around to buying them I could have got them at a third the price
(watch it crash tomorrow...)
I think ripple coin is a good idea. Although there seems to be a lot of hate going around, at the end of the day, I think they could represent the best compromise between what exists and cryptocurrencies. Bitcoin fans have to remember that what the general population wants or likes is (unfortunately) not what we want or like. That being said, I have yet to buy any.
I'm also considering Peercoin but I don't know.
I personally would avoid all other currencies unless they start to challenge the top 3 or 4.