discuss 10x Your Money In Domains Or Crypto Currency?

Afaque khan said:

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This video makes a lot of sense to me and makes me extremely glad that I didn't get into crypto. Thanks for posting it.

Nobody can predict the future and yes, taking risks sometimes pays off- but there are so many red flags: hacks, exchanges crashing, money laundering, coin manipulation, credit cards that can't be used to buy crypto, future regulations or bans because governments won't allow money to leave their hands and the list just goes on and on. Like the wolf of wall street says- blockchain is a great technology and crypto currency will exist because digital coins make sense. But at the moment- it's a volatile mad house, coins are used like stocks and not like coins and the whole thing feels like it's gonna leave a lot of people without their investment. If most financial analysts (and one of the most famous financial scammers) say the whole thing has turned into a huge bubble / pyramid scheme / ponzi scheme- then they're probably right. I hope they're wrong for the sake of all the investors. But to whoever's invested- just be careful with this casino.

xynames said:

It’s just pretty much in the nature of things that not all will enjoy the benefits of a stock’s ascent. For example people dumping amzn today below 1400 will either buy back higher or miss the inevitable run to 1700.

Same with btc which is rising again steadily. Wait and see.

It’s easy to stay on the sidelines and do nothing which is what most people do in their lives. Now that’s okay to Watch! things happen (versus Make! things happen).

Just don’t be one of those who say, What the hell happened?

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See how it works? AMZN back over 1400 now, and the bozos who dumped it end of last week below 1300 are left with a loss and egg on their faces.

Same with BTC. Wait and see.

xynames said:

See how it works? AMZN back over 1400 now, and the bozos who dumped it end of last week below 1300 are left with a loss and egg on their faces.

Same with BTC. Wait and see.

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can you explain by which method or process you are guaranteeing btc will go up in future?

I just know the way things work, was I right about AMZN or not?

xynames said:

I just know the way things work, was I right about AMZN or not?

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yes that's fine. its just that there are so many people on the internet who say they knnow how stuff works, and half of them say btc will go up in future, and the other half say it will go down.

I am not trying to doubt you, just looking for ways to know how to predict it correctly.

I claim there aren't any ways to predict it correctly. but if you claim there are.. then I guess that is yoru truth.

It's not a matter of knowing it's about understanding.

xynames said:

It's not a matter of knowing it's about understanding.

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in my post I used those two as equivalent
but I get your point.

either way, you still get 1 million folk say they know/understand btc will go down in future
and then another million saying they know/understand btc will go up

I am not saying you are wrong.. I am just wondering who to believe

alcy said:

either way, you still get 1 million folk say they know/understand btc will go down in future
and then another million saying they know/understand btc will go up

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"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." - William Feather

alcy said:

can you explain by which method or process you are guaranteeing btc will go up in future?

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xynames said:

I just know the way things work, was I right about AMZN or not?

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xynames said:

It's not a matter of knowing it's about understanding.

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...That:

1. What goes down must come up.

2. The harder they fall the higher they climb.

namelancer said:

Because:

1. What goes down must come up.

2. The harder they fall the higher they climb.

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that could be true.. and maybe often is. but I was speaking of guarantees... is there something about btc that someone can know or understand that guarantees it'll be worth more in future rather than less?

I know its silly to ask for guarantees, but I only ask for them because some people on internet are speaking and acting as if they had them. sometimes it almost sounds like they are saying "I am so sure btc will go up that if it does not, you can come back to me and I'll refund your money".

1. The majority of traders lose money because they don't hold long enough, or cannot hold long enough (margin called out). 2. The rest lose money because they sell the winners too quickly and hold the losers too long (ultimately selling at a loss and losing out due to 1. above). 3. What's left - about 10% - make money.

It's not so much about guarantees as your trading strategy, and whether you are able to adhere to it over time (assuming it is a good strategy to begin with).

alcy said:

"I know its silly to ask for guarantees".

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Correct. Don't believe everything you hear that is said confidently.

Isn't this the way it tends to work? "Bad" news comes out, stocks drop, then the market embraces / reevaluates the news and spins it positive?
https://www.express.co.uk/finance/c...currency-russian-ethereum-BTC-to-USD-XRP-news
and now the BTC market is welcoming regulation....

Same thing happened this morning in the pre- when inflation data crashed futures and AMZN was down as much as -11 before the bell, now up +19.

xynames said:

Isn't this the way it tends to work? "Bad" news comes out, stocks drop, then the market embraces / reevaluates the news and spins it positive?
https://www.express.co.uk/finance/c...currency-russian-ethereum-BTC-to-USD-XRP-news
and now the BTC market is welcoming regulation....

Same thing happened this morning in the pre- when inflation data crashed futures and AMZN was down as much as -11 before the bell, now up +19.

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Are you aware of any upcoming bitcoin forks? Price tends to firm up a bit...

wwwweb said:

Are you aware of any upcoming bitcoin forks? Price tends to firm up a bit...

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Its currently stable and moving up gradually

Haykay2005 said:

Its currently stable and moving up gradually

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Yes, the market overall has been humming along this past week or so, which is nice, but I was asking about bitcoin forking as many people tend to up their positions as they want to receive a portion of the fork coin, which tends to cause the bitcoin price to plump up a bit short term.

trons up.. 5.3 cents..

alcy said:

trons up.. 53 cents..

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You mean up to 5.3 cents, I guess it's finally it's turn to get some follow thru money, it has been beat up for a long time now. I am not to bullish on it, there is better places to put your money.

IOTA was a nice when at $1.25 when the market fell, it always seems to bounce back.

lol yes.. 5.3 cents.. 53cents is where I hope it'll be one day so I can make my money bacjk and then some

yes .. up and down.. makes you wonder if it'll just keep jumping up down forever.. or one day just either go down and stay down.. or go up and stay up

cryptos are a brand new thing and trend.. so maybe they don't need to follow old market behaviour rules and can reinvent those too... why not i guess

alcy said:

lol yes.. 5.3 cents.. 53cents is where I hope it'll be one day so I can make my money bacjk and then some

yes .. up and down.. makes you wonder if it'll just keep jumping up down forever.. or one day just either go down and stay down.. or go up and stay up

cryptos are a brand new thing and trend.. so maybe they don't need to follow old market behaviour rules and can reinvent those too... why not i guess

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It is a different marketplace now, before everything was rising with the tide, now the cream of the crop seems to be setting itself apart from the rest. There is lots of action, and sometimes they can make a run on random coins like clockwork like DOGE etc... TRX I think went down to about 2.7 cents during the last cut, but it's almost a double in 2 weeks, not bad. The issue is many are stuck at the .10 - .30 cent range.

<<now the cream of the crop seems to be setting itself apart from the rest.>>

Yes.

https://getyarn.io/yarn-clip/4b7cb4b8-8dc4-4574-8cb9-3c5acec4c067

xynames said:

<<now the cream of the crop seems to be setting itself apart from the rest.>>

Yes.

https://getyarn.io/yarn-clip/4b7cb4b8-8dc4-4574-8cb9-3c5acec4c067

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Bitcoin is doing well right now, very nice, and steady, I expected more resistance at $10K, but it is holding it's own, I don't spend to much time trading alt coins, to much work, just a few of the more scarce, and upcoming tech surprises seem to be all you need to do. I bought a few domains yesterday with bitcoin, those sellers are up 5% just overnight. I can't tell you how much I love daily deflation in an up market, buying power increases daily. My fees for bitcoin haven't been to bad lately running about 20 cents for a $500 transaction takes less than 2 hours, up the fee if you want quicker results, micro transactions get completed within an hour for about 11 cents.

I did acquire some litecoin below 200 recently. Just because a client wanted to pay in that, and I said okay, I'll take it! Otherwise just lots of BTC and BCH here.

Wouldn't mind having some ethereum too.

xynames said:

I did acquire some litecoin below 200 recently. Just because a client wanted to pay in that, and I said okay, I'll take it! Otherwise just lots of BTC and BCH here.

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Litecoin has a lot of action, 2 weeks ago at low $1xx it was a gift, when comparing market caps, I think it has the most potential to run given how involved they are in bridging real world applications. Litepay has some buzz about it, the LiteCash fork which I have no idea if it happens or not, or if it is BS is keeping some in play, hoping to get a 10X payout in coins.

LTC is where you wanted to invest in a few days ago.

*WARNING*
For those with Coinbase accounts, you might want to check your charges. Their computers went crazy and started double charging thousands of accounts.