rowling Posted December 7, 2017 Share Posted December 7, 2017 100 billion poured into bitcoin within a week or two. Is that even healthy??? Link to comment Share on other sites More sharing options...
Guest Posted December 7, 2017 Share Posted December 7, 2017 I'm already sorry for the "normal" people that invested in Bitcoin because it was on the news. But... maybe I'm wrong and Bitcoin is destined to gain $5k in value every week or so Link to comment Share on other sites More sharing options...
CryptoGerrie Posted December 7, 2017 Share Posted December 7, 2017 It is healthy as long as people keep doing it... The moment that stops, a lot of people have a problem and will ask themselves what they actually bought for what price. But it just indicated that the whole cryptomarket is so booming. That is good news. fd67890 1 Link to comment Share on other sites More sharing options...
corak Posted December 7, 2017 Share Posted December 7, 2017 a quick look at the network stats for BTC will reveal that current prices are approximately 5x too high, but people are playing a game of musical chairs because of the CBOE and CME futures. They will let a bunch of suckers will go long BTC futures at $20k/$30k or whatever, then short it to ******* hell. It's the easiest hundred-billion scale short I've seen for a long time. FUDFatigue and fd67890 2 Link to comment Share on other sites More sharing options...
Sarnos Posted December 7, 2017 Share Posted December 7, 2017 Imagine the transaction fees and the increasing amount of horse power you need to mine, I think BTC is going to clog it self due to its own shackles. Link to comment Share on other sites More sharing options...
Guest Posted December 7, 2017 Share Posted December 7, 2017 (edited) About as healthy as Russian Roulette. Edited December 7, 2017 by Guest Link to comment Share on other sites More sharing options...
PaulKim Posted December 7, 2017 Share Posted December 7, 2017 The sad part is the only crpyto not making gains right now is XRP and if BTC has a crash XRP will fall even further. lose lose Mukremin 1 Link to comment Share on other sites More sharing options...
kenrino Posted December 7, 2017 Share Posted December 7, 2017 7 minutes ago, PaulKim said: The sad part is the only crpyto not making gains right now is XRP and if BTC has a crash XRP will fall even further. lose lose not sure I think all alt might rebound fd67890 1 Link to comment Share on other sites More sharing options...
robertbruce Posted December 7, 2017 Share Posted December 7, 2017 Just now, kenrino said: not sure I think all alt might rebound normally from here btc will stretch up then the alts would catch up with btc stretching slower.. but this is different, as you know stuff's happenning and it's complicated... Link to comment Share on other sites More sharing options...
Kiir Posted December 7, 2017 Share Posted December 7, 2017 53 minutes ago, corak said: a quick look at the network stats for BTC will reveal that current prices are approximately 5x too high, but people are playing a game of musical chairs because of the CBOE and CME futures. They will let a bunch of suckers will go long BTC futures at $20k/$30k or whatever, then short it to ******* hell. It's the easiest hundred-billion scale short I've seen for a long time. The bold part, that's EXACTLY what I thought when thinking about "Who keeps buying?" recently xD Link to comment Share on other sites More sharing options...
Guest Posted December 7, 2017 Share Posted December 7, 2017 is a pyramid scheme healthy? Link to comment Share on other sites More sharing options...
CryptoGerrie Posted December 7, 2017 Share Posted December 7, 2017 2 minutes ago, zerpdigger said: is a pyramid scheme healthy? As long as new money floods in, yes super healthy...If it stops, everyone knows why it is called a pyramid. Link to comment Share on other sites More sharing options...
Mac Posted December 7, 2017 Share Posted December 7, 2017 Bitcoin is very healthy, all the way to $200,000 with a few hiccups here and there. We should be asking "is XRP healthy?" XRPage and LetHerRip 1 1 Link to comment Share on other sites More sharing options...
XRPage Posted December 7, 2017 Share Posted December 7, 2017 (edited) 6 minutes ago, Mac said: Bitcoin is very healthy, all the way to $200,000 with a few hiccups here and there. We should be asking "is XRP healthy?" BTC is healthier than XRP. Pure supply and demand... Edited December 7, 2017 by AlvaroXRP Link to comment Share on other sites More sharing options...
XRPage Posted December 7, 2017 Share Posted December 7, 2017 (edited) 19 minutes ago, zerpdigger said: is a pyramid scheme healthy? "A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money, or the money paid by subsequent investors, instead of from profit earned by the individuals running the business. Ponzi schemes are designed to collapse at the expense of the last investors when there is not enough new participants. Bitcoin is a free software project with no central authority. Consequently, no one is in a position to make fraudulent representations about investment returns. Like other major currencies such as gold, United States dollar, euro, yen, etc. there is no guaranteed purchasing power and the exchange rate floats freely. This leads to volatility where owners of bitcoins can unpredictably make or lose money. Beyond speculation, Bitcoin is also a payment system with useful and competitive attributes that are being used by thousands of users and businesses." Edited December 7, 2017 by AlvaroXRP Link to comment Share on other sites More sharing options...
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