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Thanks for the offer! I've managed to find some sites that made trading easier/less complicated. But I'm holding off on buying the Litecoin now. I was ready to buy when it was in the $100 range (of course, I didn't know how to buy at that time due to the complexity of the process where I was looking), but when it shot up to $300 the very next week (and I was kicking myself for not being able to buy at $100), I started reading articles predicting a correction (both for Bitcoin and Litecoin), so I held off. Of course, both dropped pretty significantly since that period. I'm still interested in buying some of these coins, but will continue to do further research and will jump in when the time feels right!
I think this morning at about 8am is about as low as were gonna go but again who knows. There is a Segwit2X fork comming up December 28 and historically we see people rush in to collect their "free money" so we'll see what happens leading up to end of year.
Today Charlie lee has suggested a surprise for everyone next year. Rumors are Litecoins collaboration with facebook to purchase or buy content on fb platform. This might sound extreme and fake news but i personally buy on rumors and sell on news so lets hope for the best. GO LTC
Bitcoin is a Ponzi scheme. It's based on someone else paying more for your bitcoins. Well, eventually there's nobody left to buy - and then you see panic in the streets and big drops like yesterday.
There may be a place for bitcoin (just like there is still a market for tulips) but not at these ever escalating prices.
Last edited by BeerGeek40; 12-23-2017 at 04:56 AM..
Bitcoin is a Ponzi scheme. It's based on someone else paying more for your bitcoins. Well, eventually there's nobody left to buy - and then you see panic in the streets and big drops like yesterday.
There may be a place for bitcoin (just like there is still a market for tulips) but not at these ever escalating prices.
Except that only a fraction of 1% of the public worldwide owns Bitcoin. Only recently have U.S. institutions begun to dip their toes in. The average joe just heard of Bitcoin during the last 4 weeks and has not invested yet. There are many more potential buyers than sellers for the foreseeable future.
Anything whether its stocks, bonds, gold, oil etc. is priced based on supply and demand. If there are fewer buyers of stocks than sellers, the price will go down.
Bitcoin is a Ponzi scheme. It's based on someone else paying more for your bitcoins. Well, eventually there's nobody left to buy - and then you see panic in the streets and big drops like yesterday.
There may be a place for bitcoin (just like there is still a market for tulips) but not at these ever escalating prices.
BeerGeek, if your going to continue to join in on crypto discussions please actually formulate an argument. Simply using one word responses like tulips and beanie babies adds nothing to the discussion. I would be happy to debate the merits of Bitcoin should you actually come up with something.
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