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RE: WHERE SHOULD THE CRYPTOCURRENCY PRICE BE TODAY!!!!

in #bitcoin7 years ago

I have 2 words for you. BBBBBBBIIIIIIIIIIIIIIIIIIIITTTTTTTTTTTTTTTTTTCCCCCCCCCCOOOOOOOOOOOOOONNNNNNNNNNNNNNNEEEEEEEEEEECCCCCCCCCCTTTTTTTTTTT.

25% per month is unsustainable. Using compound interest you would turn $1000 into over $200000 in 2 years.

The crazy increases over December caught me a little too. By around Christmas I was listening to the little voice in the back of my mind that was telling me the crypto market was going Full Tulip. Exchanges were falling over themselves to sign up new members without being able to support them. Useless zero value coins were getting pumped from the bottom 100 of the coinmarketcap list up near the top. The frenzy over PACcoin caused Cryptopia to suspend markets for DOGE/PAC and LTC/PAC. Everybody who was buying PACcoin new it was worthless. Everybody got onboard hoping to make the Moon. No doubt, some made a lot of money from it. Some made a little. Some broke even. And some are still HODLing after buying at ATH.

I don't want to sound like a bad podcast presenter, but I always try to look at the reasons for the existence of a coin before considering investing. Read the whitepaper. Spend some time reading through the Telegram or Reddit (Although both of these are now filled with FUD and/or Shill).

Dude, I love your enthusiasm for crypto and the realistic perspective you have on the current valuations. I got real keen on Bitcoin when I first got in. I looked at the Alts with disgust thinking they were polluting the good name of Bitcoin. Over time, I saw flaws in Bitcoin. Slow transactions. Expensive transactions fees. Watched it become useless for day to day transactions. I did a lot of research on alternatives and saw a bright future for Bitcoin Cash. I was prepared to pull out of Bitcoin and into BCash until Roger Ver flipped off his interviewer in the now famous youtube clip and I then realised that the rules are better (Still some problems) but it's being run by chumps.

I've since got into XRP, BTS, XVG (Wonder where it would have gone had they made their December 31st deadline. Tech is working now and it is solid but the interest moved on), NEO, XLM and some others. No PACcoin. I've stayed away from Etherium because it has some scaling issues that will happer its growth. e.g. Crypto Kitties.

This is my first post on here. I should spend some time and write an introduction. Keep carrying the crypto flame my friend.