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PhattyJ4UK_rivals309166

Heisman
Nov 7, 2008
13,888
12,962
0
anyone into this?

Bitcoin has plummeted under 4000 after being above 5k due to Chinese threats.

Looking to see opinions on if it's time to buy or is this the beginning of a huggggeeeeee fall
 
A

anon_l8pbkn96tg3j6

Guest
DSmith21 said:
Mohamed El-Erian thinks that it is still over valued by half.

https://www.cnbc.com/2017/09/13/moh...hould-be-worth-about-half-current-values.html
Click to expand...

"Governments won't allow massive adoption so the price is wrong." - that video

I don't want to know what the government halting crypto adoption looks like. This isn't like napster where Metallica can go lock the doors of a building and sue some 20 year olds for trillions of dollars . . . you basically have to shut down the worldwide internet.
 
P

PhattyJ4UK_rivals309166

Heisman
Nov 7, 2008
13,888
12,962
0
I honesty believe that bitcoin will have a bright future. I'm going to ride this fall and at first sign of hitting bottom I'm going to throw some dough at it.

I'm hoping it continues under 3k
 
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anon_l8pbkn96tg3j6

Guest
A 24 hour % price change is a meaningless measure for something as volatile as bitcoin. It nearly tripled in 2 months, and was up 7X year over year even from this "collapse". It's literally like putting Uber on a stock exchange 6 years ago and freaking out with the decision of every city / government. Bitcoin is still pre-IPO.
 
J

Johns721

Junior
Dec 19, 2002
3,850
209
0
It's been a definite benefit to the share prices of AMD and Nvidia - both are up over 100% in the last year. Prices for their high end graphics cards used for mining altcoins like Etherium are ridiculous if you can even find them to buy.
 
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cardkilla_rivals379685

All-Conference
May 10, 2002
2,076
1,695
0
Johns721 said:
It's been a definite benefit to the share prices of AMD and Nvidia - both are up over 100% in the last year. Prices for their high end graphics cards used for mining altcoins like Etherium are ridiculous if you can even find them to buy.
Click to expand...
AMD, Nvidia and Bitcoin have been very good to me but I got out of bitcoin when it hit 2k...unfortunately (still holding onto AMD/NVidia but thinking of taking the money since it's been over a year). I got a buddy of mine down in Texas who has pretty much retired after getting in when it was basically worthless. Bastard.

I think the OP should go all in. Buy high and sell low.
 
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PhattyJ4UK_rivals309166

Heisman
Nov 7, 2008
13,888
12,962
0
cardkilla said:
AMD, Nvidia and Bitcoin have been very good to me but I got out of bitcoin when it hit 2k...unfortunately (still holding onto AMD/NVidia but thinking of taking the money since it's been over a year). I got a buddy of mine down in Texas who has pretty much retired after getting in when it was basically worthless. Bastard.

I think the OP should go all in. Buy high and sell low.
Click to expand...


Luckily, I would never take advice from the mentally challenged.
 
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dgtatu01

All-Conference
Sep 21, 2005
8,673
2,622
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If you are coming to The Paddock to ask about an investment you've already missed the gravy train. You should write this down on the front of your portfolio. It's a near sure sign the investment is probably a bubble.
 
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P

PhattyJ4UK_rivals309166

Heisman
Nov 7, 2008
13,888
12,962
0
dgtatu01 said:
If you are coming to The Paddock to ask about an investment you've already missed the gravy train. You should write this down on the front of your portfolio. It's a near sure sign the investment is probably a bubble.
Click to expand...

Oh I already have plays in place.

Just looking at other opinions on where this drastic drop is headed.
 
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