Re: My Bitcoin Friends
« Reply #33 on: January 10, 2018, 10:15:06 AM »
A $700 billion dollar bubble. I don't think so.
It's free money that comes out of the internet! People just 'mine' it from computers, it comes from nowhere - now everyone can be rich!
..... it's predominantly people investing in something that they don't understand .... there will at some point be a "the emperor has no clothes" moment....
It's not a bubble! OMG don't say that you're just going to drive down the imaginary value we have all just ascribed to these numbers we don't understand by telling each other they they're worth something.
Of course you can invent money out of nowhere! Look we just invented SEVEN HUNDRED BILLION DOLLARS worth of value for something that doesn't actually do anything at all ..... but nobody is going to lose their house, trust me it'll all work out fine.
Are you guys actually listening to yourselves? Is there any
independant brain function going on or are you just watching the pretty pictures on the television again?
Like any bubble (or poker game) there's money to be made by gambling in the short term, but get real: where is all this money coming from?
Know when to hold 'em.
Know when to fold 'em.
Know when to walk away and
know when to run.
..... Dress it up any way you like, that's what's happening here. GL to you all, I genuinely hope you do well out of it. When the dust settles go back and read my first post
Just remember: There's people much smarter and more experienced that you that are playing the same game and planning for the moment when this happens. Who's money are those people planning to end up with? YOURS ... the small investors'.