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HODL
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Buy Low right? Bitcoin to hit $100,000 by year end?
Sorry, I bought silver it's not doing well enough to trade for bitcoin right now.
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Bitcoins do not produce anything and the asset itself is not creating anything. It might make you something but you still have to live your life like you are carrying buckets (back and forth). Just saying.
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^ then you are in the wrong system. Build a pipeline instead
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In other words, if you build a pipeline you get water every second (residual).
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Continuous flow!
You also have to continuously check for the
Pipelines structural integrity.
Pressurized components undergo combined
Stresses on the thin/thick walls that can fatigue the
Objects over a cycle
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Learn to short.
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Easy. Just invent a bunch of other cryptocoins to prop up the price.
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Buy gold coins
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LOL I am just recently super into this subject. My two new fav apps actually are my Coinbase and this app called Stash which is great for brand new investors/if u dont have much money but still want to invest ( like me lol) i think rt now bitcoin is like 6400... hence actually a great time to buy. I dont see Bitcoin going down at all in the next year or two etc....
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but my investment have made me tens of dollars!!!!
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Bitcoin may be done--was an interesting experiment. It may continue as an exchange thing.
Its value is in perception and in all the energy it takes to mine/mint coins.
So it only goes up in value if more people can be convinced to buy in. Very close to a Ponzi setup, but a lot of collectible things are like that.
Not sure it's an "investment"--never designed for that. At least if you are gonna mess with it, understand what's under the hood and behind the curtain.
Mining rewards are steadily dropping (by design) and will hit zero eventually. Mining costs huge energy/electricity. So miners will need to charge increasing fees and transactions will become slower and more expensive... driving down value. Plus the blockchain database is growing very large.
Some of the other cryptocurrencies have interesting features.
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Good!
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So Bitcoin is not worth the paper it is not written on? Cryto currency is a speculation not an investment. If you remember that then I guess you would not get bit in the coin.
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Most stuff is valuable because it is limited in supply, hard to get or make, and people get convinced they want it, so that creates demand. You can't eat gold or make much useful with it.
With Bitcoin, "coin" gets harder (more time and energy spent) to mine new blocks and the reward for doing it goes down over time.
But you can't do a thing with Bitcoin (buy, sell, or spend) unless a miner will take on your transaction, and they may charge a lot for that.
It's like your money is in a checking account but your accountant has to write the checks so you have to pay her $25 every time you want to spend anything and she can change the fee anytime she wants. You are paying someone to record your transaction.
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btw... can you explain this?
".... rt now bitcoin is like 6400... hence actually a great time to buy."
why 6400 mean "great time to buy?"
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Where's my Lamborghini?
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Good news. It's at $6100 now. Even better time to buy.
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| There are 18 comments on this blog. |
