Bitcoin Traders Claim There’s Method to Their Madness

Re:Bitcoin Traders Claim There’s Method to Their Madness by anonemouse145 on Friday December 22, 2017 @04:34PM (#15991108)

I know exactly why I made money. This is a ponzi scheme with unlimited uninformed people joining. You feel your personal level of risk, find a time, and invest only what you can afford to lose. You can do the same with Tupperware if you know enough people to sign up under you, grab a bunch of free product and sign out.

During previous dips, it was 100% guaranteed you could get a good return in one week. So that's exactly what any smart person was doing. Some could risk more, power to them.

Personally, I'm not touching the market until it gets a lot closer to $1k. And I think the odds are getting better every day.

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Re:Bitcoin Traders Claim There’s Method to Their Madness by the_cat_kittles on Friday December 22, 2017 @05:11PM (#15991333)

didnt mean to imply that you or someone else didnt. just that lots of people are deluding themselves in to thinking that they are tech scions who know something special about "blockchain technology" and are profiting off bitcoin because of this. and that is not to say that the tech is not interesting, or without some interesting applications. just that there seem to be a crop of idiots who are acting like they did more than just get temporarily lucky.

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Re:Bitcoin Traders Claim There’s Method to Their Madness by solipsism on Friday December 22, 2017 @04:50PM (#15991200)

I'm curious, how did you come up with $1k?

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Re:Bitcoin Traders Claim There’s Method to Their Madness by Fnoord on Friday December 22, 2017 @07:10PM (#15991989)

That's what it was roughly worth before the hyperdeflation started.

I put my money on waiting until after Tether [1] fraud gets exposed.

[1] https://en.wikipedia.org/wiki/Tether_(cryptocurrency)

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Re:Bitcoin Traders Claim There’s Method to Their Madness by chrisco255 on Sunday December 24, 2017 @02:49AM (#15998515)

I often hear this theory that tether is just printing bills that are not backed by actual USD... Which I doubt is occurring... But even if it is and every single tether is counterfeit, the market cap of Tether is a mere $1.2 billion. To put that in perspective, Bitcoin's cap is $240 billion. Tether is not a major factor in Bitcoin's price. Sorry.

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Re:Bitcoin Traders Claim There’s Method to Their Madness by Fnoord on Sunday December 24, 2017 @07:25AM (#15999248)

If you doubt its occurring, mayhaps you can share facts which lead you to that conclusion?

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