Cryptocurrencies - Bitcoin / Ethereum / Others

**The Stranger** · 01-25-2018, 09:42

any minds changed?

**Fragony** · 01-25-2018, 10:40

Hi TS

It kinda goes as I expected it would. The bitcoin has nothing to fall back upon, it's baseless valuta. Now that the thrust is diminishing it's caught in a maelström it can't swim out, maybe a bit sometimes but the only way is down

A song for the bitcoin https://www.youtube.com/watch?v=rjNfWo4xU20

**The Stranger** · 01-25-2018, 19:26

hi frag.

we'll see how it goes :P i must say i'm a bit surprised you aren't into it.

**Fragony** · 01-26-2018, 09:40

Originally Posted by The Stranger

hi frag.

we'll see how it goes :P i must say i'm a bit surprised you aren't into it.

Thought about it and decided it wasn't worth the risk, as I said it has nothing to fall back upon, real valuta has a gold-stash. I get 6.8% out of my investments, sometimes a little bit more, sometimes a little bit less, but it's steady, it can't make a nosedive. Bitcoin absolutily can, and that is already happening, it's foundation (ttnrust) is crumbling and thrust is all there is to it, downward spiral. I wouldn't recommend it to anyone it's as safe as a letter from a Nigerian millionaire

**Furunculus** · 02-03-2018, 16:43

don't get too in a tizz about electricity consumption, Proof of Stake is coming. Proof of Work was a thing of its time, it will pass.

and yes, most of the increase in total crypto value results from uninformed hopeful speculation, but that does not equal an absence of utility.

my very small investment quintupled in value over the course of four months, but it now sits about just four times what i put in.

**Fragony** · 02-03-2018, 17:32

Sell it while you can, friendly advice. I don't know what you call very small but it can just vaporise, if you don't have at least 1000k somewhere else you can be in for a nasty surprise. Maybe you already have one as I type this, be sensible. The guy who set it up sold his bitcpins as well, how is that going to look

**edyzmedieval** · 02-03-2018, 22:06

Most people who stay in the crypto business are interested in the underlying blockchain technology rather than speculation of currency.

Proof of Stake, Proof of Work, ethereum contracts... that kind of stuff.

**Furunculus** · 02-03-2018, 22:23

Originally Posted by Fragony

Sell it while you can, friendly advice. I don't know what you call very small but it can just vaporise, if you don't have at least 1000k somewhere else you can be in for a nasty surprise. Maybe you already have one as I type this, be sensible. The guy who set it up sold his bitcpins as well, how is that going to look

Ezy is right, I like technology and I am interested in the utility of block chain.

It is very small, if it vaporises ill laugh (ruefully). I have a day job, with a pension, this is just a hobby, and I'm an investor rather than a trader.

Hodl for the lambo!