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Old 11-12-2017, 12:35 PM   #1
Ming the Merciless Ming the Merciless is offline
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Originally Posted by Rausch View Post
Bitcoin has tangible value.

Other coins are speculation.

I think we should make that obvious here...
That's false..on both counts really

Bitcoins are not tangible..

All coins are speculative

There's several other coins with market caps in the billions

Like ethereum , ripple and litecoin

Another altcoin could very easily usurp bitcoin as the main coin...in fact many think bitcoin is over valued at 100 billion mc. Some really smart people think its true value could be 10x less currently and have published papers regarding this.

Remember Alta vista search engine? Google came much later...etc

Pretending bitcoin is safe is unwise...as is pretending it's not speculative.

In fact it is MUCH more safe to invest in multiple coins than 1 single coin (like the top 3-4 coins...ie BERL)
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Last edited by Ming the Merciless; 11-12-2017 at 12:43 PM..
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Old 11-12-2017, 12:43 PM   #2
Rausch Rausch is offline
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Originally Posted by Pawnmower View Post
That's false..on both counts really

Bitcoins are not tangible..

All coins are speculative...
True.

I stand corrected.

Quote:
Originally Posted by Pawnmower View Post
There's several other coins with market caps in the billions
This I'd completely disagree with.

It's as much speculation as the market is.

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Originally Posted by Pawnmower View Post
In fact it is MUCH more safe to invest in multiple coins than 1 single coin
True...
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Old 11-12-2017, 12:48 PM   #3
Ming the Merciless Ming the Merciless is offline
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This I'd completely disagree with.
Then you would be factually incorrect. Ethereum even right now, even at 300$ per coin has a market cap of 30 BILLION

https://ethereumprice.org

at 6000$ per coin, bitcoin has a cap of 100 BILLION


Ethereum has done the bulk of this in one year, and very easily could surpass bitcoin as the #1 coin for multiple reasons, not the least of which is smart contracts.
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Old 11-12-2017, 01:47 PM   #4
Easy 6 Easy 6 is offline
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This all sounds like one bigass scam
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Old 11-12-2017, 02:28 PM   #5
TribalElder TribalElder is offline
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This all sounds like one bigass scam
Agreed.
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Old 11-12-2017, 02:37 PM   #6
Rausch Rausch is offline
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Originally Posted by Pawnmower View Post
Then you would be factually incorrect. Ethereum even right now, even at 300$ per coin has a market cap of 30 BILLION

https://ethereumprice.org

at 6000$ per coin, bitcoin has a cap of 100 BILLION


Ethereum has done the bulk of this in one year, and very easily could surpass bitcoin as the #1 coin for multiple reasons, not the least of which is smart contracts.
And you could lose every single dollar tomorrow...

(And I'd argue you will, save bitcoin.)
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"He had no teeth, and he was slobbering all over himself. I'm thinking, 'You can have your money back, just get me out of here. Let me go be an accountant." I can't tell you how badly I wanted out of there."
Denver rookie QB John Elway, on Jack Lambert, after Lambert and the Steelers knocked Elway out of his first game as a pro (1983).
Quote:
Originally Posted by rico
I wish I always ended up at gay bars.
Posts: 78,111
Rausch is obviously part of the inner Circle.Rausch is obviously part of the inner Circle.Rausch is obviously part of the inner Circle.Rausch is obviously part of the inner Circle.Rausch is obviously part of the inner Circle.Rausch is obviously part of the inner Circle.Rausch is obviously part of the inner Circle.Rausch is obviously part of the inner Circle.Rausch is obviously part of the inner Circle.Rausch is obviously part of the inner Circle.Rausch is obviously part of the inner Circle.
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Old 11-12-2017, 03:40 PM   #7
Ming the Merciless Ming the Merciless is offline
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Originally Posted by Rausch View Post
And you could lose every single dollar tomorrow...

(And I'd argue you will, save bitcoin.)
again, youre wrong

you could and people have lost all of their bitcoin overnight. also bitcoin could easily devalue to 0. EASILY. (i dont think it will....but neither will ethereum or litecoin)

bitcoin is speculation also...

Im not sure what your point is.... that bitcoin is somehow different?..its not...its the highest market cap but there are others with a market cap in the billions as well.

30 billion dollars of ethereum isnt just going away tomorrow...and I would argue you would be better off investing in ethereum at 300 than bitcoin at $6000....

so yes, you could lose every single dollar...but you could easily do that with bitcoin too. the real question is how much can you MAKE? and what is the safest way to make money with coins. The safest way is diversifying into the better coins....the more risky way is putting all of your eggs into the bitcoin basket that COULD disappear too, contrary to your advice.

frankly , all coins are extremely risky...to sit there and act like bitcoin is a safe investment is bullshit. Anyone investing in coins obviously needs to have some risk tolerance...so the question really becomes risk vs gain. Other coins might be a better reward for not much less in risk.......I actually have money in coins and other really risky things...but only about 1-2% of my portfolio...because I am not that risky of a person.
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