Current Events > PSA to anyone interested in getting into cryptos, NOW is the time to buy

(+) Yeah! (+)

Buy a little bit every day. I.E. if you want to invest $1,000 total, buy $100 worth everyday.

The market just corrected/crashed, it will recover and reach new highs, perfect time to buy.

Coinbase/GDAX and Gemini are the best buying options for US residents

clear has drunk so much of the crypto Koolaid that it's replaced the blood in his veins
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Capital one just shut off buying at coinbase I'm upset about that

I agree.

A good opportunity to get in.
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UnholyMudcrab posted...

clear has drunk so much of the crypto Koolaid that it's replaced the blood in his veins

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UnholyMudcrab posted...

clear has drunk so much of the crypto Koolaid that it's replaced the blood in his veins

In my spare time I mine bitcoin by hand

Bullet_Wing posted...

What is the actual purpose of cryptocurrency besides making money? A deregulated currency doesn't make sense as the government will crack down hard on it if it actually becomes a widespread means of payment.

What actual value do these coins have?

Ethereum is a platform that allows people to build decentralized apps. I.E. payment systems and programs that execute smart contracts, removing trust and third parties.

It is the fucking future.

Bullet_Wing posted...

What is the actual purpose of cryptocurrency besides making money? A deregulated currency doesn't make sense as the government will crack down hard on it if it actually becomes a widespread means of payment.

What actual value do these coins have?

That's the point.
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how much new money are you putting in TC?
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Just put my life savings into a 40-40-20 split between the big 3 (not much but still another 20k worth)
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Bullet_Wing posted...

What is the actual purpose of cryptocurrency besides making money? A deregulated currency doesn't make sense as the government will crack down hard on it if it actually becomes a widespread means of payment.

What actual value do these coins have?

Money laundering and purchasing of illicit goods.
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Ethereum as a platform for building decentralized apps...is garbage. People are only buying into it to make money. Hence the lambo memes.

Smart contracts and decentralized apps have a very limited use case right now. No blockchain allows you to build a decentralized app at scale unless it's an extremely simple app that serves no real purpose.

Third or fourth generation blockchains might allow that but it'll be in the future. So I wouldn't put money into Ethereum on the basis of it allowing you to develop d-apps, because those d-apps are worthless.
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clearaflagrantj posted...

It is the fucking future.

No one wants a currency whose value can easily be manulipated and lacks basic protections for the user.
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I bought some more today -- BTC at $9550, ETH at $750, and LTC at $145. Already starting to rebound.
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Also, I've worked on smart contracts before. I've deployed software to the Ethereum test net and real net. I'm not just talking out of my ass.
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Bullet_Wing posted...

What is the actual purpose of cryptocurrency besides making money? A deregulated currency doesn't make sense as the government will crack down hard on it if it actually becomes a widespread means of payment.

What actual value do these coins have?

You need to look into peer-to-peer networking and block-chain technology if you want to understand the whole scope of the technology and economics of how it works.
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KILBOTz posted...

how much new money are you putting in TC?

Admittedly not much because I pushed all of my money in last year. But when I see a clear dip I can't help but put more money in.

FLUFFYGERM posted...

Ethereum as a platform for building decentralized apps...is garbage. People are only buying into it to make money. Hence the lambo memes.

Smart contracts and decentralized apps have a very limited use case right now. No blockchain allows you to build a decentralized app at scale unless it's an extremely simple app that serves no real purpose.

Third or fourth generation blockchains might allow that but it'll be in the future. So I wouldn't put money into Ethereum on the basis of it allowing you to develop d-apps, because those d-apps are worthless.

You will be proven completely wrong before the end of this year.

clearaflagrantj posted...

You will be proven completely wrong before the end of this year.

Source: clear's ass
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FLUFFYGERM posted...

clearaflagrantj posted...

You will be proven completely wrong before the end of this year.

Source: clear's ass

Didn't you shill ETC and XRP?

these people only want the rest of you to buy so the pyramid continues to grow. if nobody buys crypto, their holdings lose value. the more people that buy crypto, the more valuable their holdings get.

the fact that ONE INDIVIDUAL was responsible for BTC going from $150 to $1000 just shows how ridiculous this concept is as a "currency"
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Giant_Aspirin posted...

these people only want the rest of you to buy so the pyramid continues to grow. if nobody buys crypto, their holdings lose value. the more people that buy crypto, the more valuable their holdings get.

Yes the 10 ppl on here are gonna totally get a rally going....

Giant_Aspirin posted...

these people only want the rest of you to buy so the pyramid continues to grow. if nobody buys crypto, their holdings lose value. the more people that buy crypto, the more valuable their holdings get.

the fact that ONE INDIVIDUAL was responsible for BTC going from $150 to $1000 just shows how ridiculous this concept is as a "currency"

Yep, it's all a Ponzi scheme, you're the smartest guy alive, way smarter than all the investors making millions while you make nothing.

clearaflagrantj posted...

FLUFFYGERM posted...

clearaflagrantj posted...

You will be proven completely wrong before the end of this year.

Source: clear's ass

Didn't you shill ETC and XRP?

Yeah. When I told people to buy ETC it was at $8-$10. The highest I saw it go recently was $47. I told people to buy Ripple a couple years ago and also when it was at .40 and .67 and the high was close to $4. I suggested people buy LTC at $55 and then at $147.

Everything I've "shilled" has had a track record of growing a lot.

That doesn't change what I said about d-apps and blockchains in general. They do not have that type of use case for most people. And they never will. They will have a use, but one that is worth FAR less than a market cap of hundreds of billions.
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To be fair to GA, we have had some really legit ponzi schemes that even the FBI couldnt crack - and thats with the help from audits and such
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Caution999 posted...

To be fair to GA, we have had some really legit ponzi schemes that even the FBI couldnt crack - and thats with the help from audits and such

Bitconnect just collapsed and at one point it was in the top twenty in terms of market cap AFAIK.

Most of crypto is a ponzi scheme of sorts, where people are in it just to make money, only while enough people are buying that the value of the bubble increases. It's probably less than 1% of cryptobros who are in it because they believe in the technology and want to use the tokens as intended.

For example, how many people do you think are really buying Siacoin or Golem or Ethereum so they can tinker with blockchain storage / computing / app deployment?
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FLUFFYGERM posted...

Yeah. When I told people to buy ETC it was at $8-$10. The highest I saw it go recently was $47. I told people to buy Ripple a couple years ago and also when it was at .40 and .67 and the high was close to $4. I suggested people buy LTC at $55 and then at $147.

You also said to buy ripple at around 2 dollars. Now it's worth half of that.
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Bullet_Wing posted...

Clear, how much money have you made off this? Not how much are you worth in it. Say crypto entirety crashed right now, how much of an actual profit have you made?

Even if I cashed out right now (which would be idiotic) I would still net 35% ROI.
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TomNook20 posted...

FLUFFYGERM posted...

Yeah. When I told people to buy ETC it was at $8-$10. The highest I saw it go recently was $47. I told people to buy Ripple a couple years ago and also when it was at .40 and .67 and the high was close to $4. I suggested people buy LTC at $55 and then at $147.

You also said to buy ripple at around 2 dollars. Now it's worth half of that.

And if you bought at $2 and sold at close to $4 you would've doubled your money. As for that recent dip, I admit I was wrong about how long it'd last. Didn't see a crash coming this soon.
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You said buy at 2 after it fell from its highs.
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Bullet_Wing posted...

Clear, how much money have you made off this? Not how much are you worth in it. Say crypto entirety crashed right now, how much of an actual profit have you made?

Zero dollars.

I have not cashed out a single fucking dime.

clearaflagrantj posted...

FLUFFYGERM posted...

clearaflagrantj posted...

You will be proven completely wrong before the end of this year.

Source: clear's ass

Didn't you shill ETC and XRP?

Yep and LTC
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TomNook20 posted...

You said buy at 2 after it fell from its highs.

And I admit I was wrong about the recent dip being temporary. Didn't see a crash coming this soon. But I followed my own advice and bought in at the prices I mentioned and I made a lot of money after cashing out when the crash started.
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lmfao at the people accusing me of shilling

And then trusting clear's uninformed perspective on decentralized applications via Ethereum, all because of his "because I say so" attitude regarding 2018
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clearaflagrantj posted...

Bullet_Wing posted...

Clear, how much money have you made off this? Not how much are you worth in it. Say crypto entirety crashed right now, how much of an actual profit have you made?

Zero dollars.

I have not cashed out a single fucking dime.

Exactly. Bullet thinks he's being clever but the point he's missing is I don't care if I lose the investment it's worth the risk to me.

No risk no reward. I'm in this for the long haul and believe in block-chain technology and crypto currency.

I'm not thinking about the investment now I'm thinking about it in 10 years.
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clearaflagrantj posted...

Giant_Aspirin posted...

these people only want the rest of you to buy so the pyramid continues to grow. if nobody buys crypto, their holdings lose value. the more people that buy crypto, the more valuable their holdings get.

the fact that ONE INDIVIDUAL was responsible for BTC going from $150 to $1000 just shows how ridiculous this concept is as a "currency"

Yep, it's all a Ponzi scheme, you're the smartest guy alive, way smarter than all the investors making millions while you make nothing.

How do you think those investors made money? More people bought into the Ponzi scheme. What value does bitcoin have besides people using it to make money? It is becoming clear it is a horrible currency due to long and costly transaction times.
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Bullet_Wing posted...

clearaflagrantj posted...

Bullet_Wing posted...

Clear, how much money have you made off this? Not how much are you worth in it. Say crypto entirety crashed right now, how much of an actual profit have you made?

Zero dollars.

I have not cashed out a single fucking dime.

How much would you lose then? Say the unlikely scenario that the market goes into freefall occurs. Exchanges lock, price drops and drops never to rise again. How much money did you lose?

I figured crypto would be less a long game than buy dips, sell high, rinse repeat.

I'd lose a good amount

And day trading ends up getting you burned. Holding is the easiest strategy

clearaflagrantj posted...

Yep, it's all a Ponzi scheme, you're the smartest guy alive, way smarter than all the investors making millions while you make nothing

You know ponzi schemes make money right? Like that's why they are so successful. They rely on people exactly like you. If you get in early enough, and out early enough, you will make money.

That doesn't make it any less scummy for you to try to encourage people to lose money because you want to con them.
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clearaflagrantj posted...

Holding is the easiest strategy

Least stressful as well.
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I Like Toast posted...

clearaflagrantj posted...

Yep, it's all a Ponzi scheme, you're the smartest guy alive, way smarter than all the investors making millions while you make nothing

You know ponzi schemes make money right? Like that's why they are so successful. They rely on people exactly like you. If you get in early enough, and out early enough, you will make money.

That doesn't make it any less scummy for you to try to encourage people to lose money because you want to con them.

Oh shit thank you for reminding me Toast, guys when you buy ETH don't forget to register your ETH by donating 10% to my wallet, and for every person you bring into the crypto pyramid I mean market you get 10% from them as well.

You realize that is literally what crypto does right?
You have 10 coins, and 100 "pot", each coin is worth $10 Someone buys a coin, now the pot is $110, each coin worh $10.10, increasing the value of your coins. You sell your coin for 10.10, now there is 99.90 in the pot.

The more people put into a crypto the more its worth. You buy low, spam social media, sell high. Exactly what you have been doing for months.
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I Like Toast posted...

You realize that is literally what crypto does right?
You have 10 coins, and 100 "pot", each coin is worth $10 Someone buys a coin, now the pot is $110, each coin worh $10.10, increasing the value of your coins. You sell your coin for 10.10, now there is 99.90 in the pot.

The more people put into a crypto the more its worth. You buy low, spam social media, sell high. Exactly what you have been doing for months.

The stock market is the same - except with stock you own a piece of a company that is providing real value. Whereas with crypto you own a number, some token out of X number of tokens, which is mostly useless except in VERY rare circumstances.

Ethereum for example does have intrinsic value. Siacoin and Golem and a few others (like Ripple) do too. But they aren't worth anywhere near as much as cryptobros are trying to make it seem LOL. Except for maybe Ripple, if it gets picked up by wall street and the big banks / credit card companies.
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FLUFFYGERM posted...

The stock market is the same .

That's a gross misunderstanding of stocks that I'd expect proddy to make.
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ILT you seem to be extremely bitter for some reason
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Better bitter than ignorant.
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