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First coin after Bitcoin

Discussion in 'General Business' started by love143, Dec 23, 2017.

  1. #1
    Hi everyone,
    SEMrush
    Any one here who invest in bitcoin or first coin ?
     
    love143, Dec 23, 2017 IP
    SEMrush
  2. egoldzone

    egoldzone Well-Known Member

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    #2
    yes I am.... You must try to earn bitcoin now
     
    egoldzone, Dec 24, 2017 IP
  3. webprof1990

    webprof1990 Peon

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    #3
    why invest in something unregluated and unsafe ? it all seems like a bubble to me and warren buffet anyway.
     
    webprof1990, Jan 1, 2018 IP
  4. partnerdig

    partnerdig Member

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    #4
    Bitcoin is a speculative bubble. Only invest what you can afford to lose.
     
    partnerdig, Jan 1, 2018 IP
  5. webprof1990

    webprof1990 Peon

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    #5
    its nothing than a pryimid scheme now its really high people claim it will be millions cause they will sell now and also your wallets arent safe or regulated remember that also.
     
    webprof1990, Jan 1, 2018 IP
  6. KRS Sastry

    KRS Sastry Active Member Premium Member

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    #6
    Bitcoin has gone down in the new year by $4000 approx. The volatility of bitcoin is scary.
     
    KRS Sastry, Jan 2, 2018 IP
  7. DanielHost

    DanielHost Greenhorn

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    #7
    Yes, and it went up 10.000 before that.
    Can someone please explain to me why Bitcoin is a pyramid scheme? I so want to know why.
    How can this possibly be a pyramid scheme when the whole system is decentralized.
    Noone is trying to get you invested into it. It's growing naturally.
    Not to mention some of the other coins have serious tech behind them.
    Is Facebook a pyramid scheme as well? Are their stocks part of a pyramid scheme too?
    It's the same. You buy into a technology hoping that technology will succeed and the underlying asset will increase in price.
    It seems to me that Cryptocurrencies are genuine technologies and the underlying price is governed by market forces and is based on expectations about the future. It's that simple. No pyramid scheme there.
     
    DanielHost, Jan 2, 2018 IP
    gemini181 likes this.
  8. gemini181

    gemini181 Well-Known Member

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    #8
    Your effort deserves a quality response, but I am short on time.
    Can someone please explain to me why Bitcoin is a pyramid scheme?
    BTC is NOT literally a Ponzi, but it does have some amazing similarities, for example, needing a constant flow of new investors to support current prices // As long as new Bitcoins are still being created.

    It's growing naturally.
    Semi-true, IMO, it was "growing naturally" for several years, then an almost insane level of greed took over.

    Not to mention some of the other coins have serious tech behind them.
    True.

    Is Facebook a pyramid scheme as well? Are their stocks part of a pyramid scheme too?
    Twitter stock (for example) is/was a legal Ponzi. Facebook = no comment

    In a nicer world you are close to 100% correct, but the ICO (ETH) Bubble monster is even closer to a "Giant Ponzi thing" than Bitcoin itself. Some of the companies are legit, but the community is currently dancing in a wild circle of endless greed.

    [​IMG]
     
    gemini181, Jan 3, 2018 IP
  9. DanielHost

    DanielHost Greenhorn

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    #9


    Ohh, wow, thanks for the detailed response.

    Why does BTC need constantly new investors? Wouldn't it simply remain at the same price if no new investors enter and no old ones leave? (Most speculative investors would ofc leave if the price wouldn'T increase this the price would fall realistically) But still, it's not like the current price depends on new investors.

    I agree that greed completely took over the crypto world. It's really a shame. But this can be true for any asset. People can start buying up real estate like crazy thus inflating prices.

    I have not heard that Twitter stock was a Ponzi. Interesting.

    You really think ETH will burst? It's like at 800 USD right now.
     
    DanielHost, Jan 3, 2018 IP
  10. gemini181

    gemini181 Well-Known Member

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    #10
    Why does BTC need constantly new investors?
    New Coins are still created in every block. Assuming at least some miners are selling to pay for electricity, then you need new money coming in to maintain current prices. // Not a problem when 1,000's of people are joining a Bull market every day

    I have not heard that Twitter stock was a Ponzi. Interesting.
    No, um Yes, a "legal thing" similar to a Ponzi, since early investors did well, and the retail stock buyers all lost money.


    You really think ETH will burst?
    ETH is a brilliant "Bubble Machine" (a container) using smart contracts. The issue is "early seed investors" (in related ICO's) who simply get in early and dump their discounted "tokens" on the later "investors".

    Summary:
    Too many tokens, not enough great, original projects.
     
    Last edited: Jan 3, 2018
    gemini181, Jan 3, 2018 IP
  11. Naziur Rahman

    Naziur Rahman Member

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    #11
    invested in electroneum. Not even checked the status. :D :D :D
     
    Naziur Rahman, Jan 3, 2018 IP