[Blancpain]

I don't believe most of the posts on reddit, most of them probably come from trolls. I've had very bad days in the market, days where I was down 30-40%, in those instances I didn't even have the morale to go on to forums and cry. I think those are no coiners who are having a laugh while reading peoples reactions

Yeah I'm sure there are people who lost everything, but I don't think they go to forums to rant.

[Enhanced Eddie]

[Vienna]

Happy discount buying folks.

[tomzestatlu]

Isn´t too late to start such thread?

Actually, I am Chad Hodler. It´s foolish to think, that everybody in crypto will say "ok, we had enough fun, let´s go home". Anyway, next weeks will show.

I am in green numbers, yet.

[HighSpeed_LowDrag]

Hope nobody bought into Bitconnect.

https://www.marketwatch.com/story/now-th...2018-01-17

[SamuelBRoberts]

COSS had a bug where market orders were filled as limit orders, and failed to shut down the exchange. They'll be reimbursing people, 'cause god knows they'd better, but that team has just shown time and time again that they're not up to the task of running a crypto exchange.

[RedPillUK]

Bitconnect crashed to 6 dollars and it's going up to 20$? Who's stupid enough to be buying the dip? Bots?

[Skank_Hunt]

This is why investors in primarily BTC, LTC, and a few other big altcoins, are unfairly derided by primarily smaller altcoin/ICO shills. I have nothing against people engaging in the latter, but for all the posts about crazy gains in this or that new altcoin or ICO, I read of near complete wipeouts, 80% losses, or cases like Bitconnect. That's why the shitcoin/ICO game pays so well when luck is on your side. BTC itself is regarded as a risky investment. For holders of primarily BTC like JJG, that risk is high enough. Buying dubious shitcoins or participating in ICOs in comparison is far too risky for JJG and people like him. That Bitconnect chart is just a reminder that you can lose everything in these shitcoins. And yes, BTC itself may well be a shitcoin too and worthless in the end as well, but its current status as the biggest, most established coin makes it a lot less risky than buying into something like Bitconnect.

[SamuelBRoberts]

Skank, do you know why Bitconnect might have a higher risk profile than say, NEO, or is it just another shitcoin to you?

[BromigoMike]

(01-17-2018 05:21 PM)SamuelBRoberts Wrote:  

Skank, do you know why Bitconnect might have a higher risk profile than say, NEO, or is it just another shitcoin to you?

lol

[Valentine]

(01-17-2018 04:19 PM)Skank_Hunt Wrote:  

This is why investors in primarily BTC, LTC, and a few other big altcoins, are unfairly derided by primarily smaller altcoin/ICO shills. I have nothing against people engaging in the latter, but for all the posts about crazy gains in this or that new altcoin or ICO, I read of near complete wipeouts, 80% losses, or cases like Bitconnect. That's why the shitcoin/ICO game pays so well when luck is on your side. BTC itself is regarded as a risky investment. For holders of primarily BTC like JJG, that risk is high enough. Buying dubious shitcoins or participating in ICOs in comparison is far too risky for JJG and people like him. That Bitconnect chart is just a reminder that you can lose everything in these shitcoins. And yes, BTC itself may well be a shitcoin too and worthless in the end as well, but its current status as the biggest, most established coin makes it a lot less risky than buying into something like Bitconnect.

I don't see anyone deriding coins with actual fundamentals behind it like ETH.

BTC and LTC's usecase is supposed to be currency, but it is getting supplanted by far more suitable currencies such as XRB which is fast and free. Who wants to pay $30 in transaction fees and wait an hour to get a payment?

Everyone derides BTC and LTC for good reason. There's nothing wrong with going for big, established coins like ETH or XMR, because those are being widely used for their real purpose and not simply for speculation.

[RedPillUK]

OK have we hit the bottom now and we're going back up? I just checked coinmarketcap, and most coins are in the green again. 533 billion market cap now. It might be a good time to buy if you were scared to buy in before in case it kept dipping.

Edit: Im going to put in a small amount in now. If the market dips again, sorry about that.

[SamuelBRoberts]

If you've gone a while without taking profits, THIS BOUNCE IS YOUR CUE TO TAKE PROFITS.

Not comfortable calling the bottom yet.

[Roosh]

Funny how Ocelot is now the OP of this thread because of the time problem.

[godfather dust]

(01-17-2018 05:21 PM)SamuelBRoberts Wrote:  

Skank, do you know why Bitconnect might have a higher risk profile than say, NEO, or is it just another shitcoin to you?

Bitconnect is not an indicator of anything, it wasn't even a shitcoin it was a fraudcoin.

[Enhanced Eddie]

(01-17-2018 08:03 PM)godfather dust Wrote:  

(01-17-2018 05:21 PM)SamuelBRoberts Wrote:  

Skank, do you know why Bitconnect might have a higher risk profile than say, NEO, or is it just another shitcoin to you?

Bitconnect is not an indicator of anything, it wasn't even a shitcoin it was a fraudcoin.

This.

The people who put their life savings in Bitconnect clearly didn't do much research. It has been fairly widely known for months that it was a scam.

[Olav]

(01-17-2018 05:21 PM)SamuelBRoberts Wrote:  

Skank, do you know why Bitconnect might have a higher risk profile than say, NEO, or is it just another shitcoin to you?

^100%. Everyone has been waiting for BCC's exit scam, it finally happened this week.

[Brodiaga]

(01-17-2018 08:19 PM)Olav Wrote:  

(01-17-2018 05:21 PM)SamuelBRoberts Wrote:  

Skank, do you know why Bitconnect might have a higher risk profile than say, NEO, or is it just another shitcoin to you?

^100%. Everyone has been waiting for BCC's exit scam, it finally happened this week.

IMO Bitonnect is less risky than many ICOs out there. It was such an obvious scam that many people warned about it even when the price was going up like crazy. Most other ICO tokens will eventually lose most or even all of their value once people realize these companies will never make nearly enough money to justify the token prices. Many of the companies that ICO'd will never make any money at all, though their owners will if they cash out on time.

Those crypto speculators who sell their tokens and take profits on time will make money. Some will make or have already made a fuck ton of money. The last bunch of greater fools will be left holding the bag. The only question is when it will happen.

[dasher]

(01-17-2018 09:31 PM)Brodiaga Wrote:  

(01-17-2018 08:19 PM)Olav Wrote:  

(01-17-2018 05:21 PM)SamuelBRoberts Wrote:  

Skank, do you know why Bitconnect might have a higher risk profile than say, NEO, or is it just another shitcoin to you?

^100%. Everyone has been waiting for BCC's exit scam, it finally happened this week.

IMO Bitonnect is less risky than many ICOs out there. It was such an obvious scam that many people warned about it even when the price was going up like crazy. Most other ICO tokens will eventually lose most or even all of their value once people realize these companies will never make nearly enough money to justify the token prices. Many of the companies that ICO'd will never make any money at all, though their owners will if they cash out on time.

Those crypto speculators who sell their tokens and take profits on time will make money. Some will make or have already made a fuck ton of money. The last bunch of greater fools will be left holding the bag. The only question is when it will happen.

If you compare to every shitcoin ico in existence you can make a turd look good.

In reality, Bitconnect being 'better' in some arbitrary comparison doesn't mean anything.

[westcoastlink]

(01-17-2018 08:19 PM)OGPUA Wrote:  

This.

The people who put their life savings in Bitconnect clearly didn't do much research. It has been fairly widely known for months that it was a scam.

Having started in Crypto last month, I already knew Bitconnect was a ponzi scheme on day 1 from all the crypto people on youtube and twitter. Those that got scammed were dumber than a drunk monkey.

[kbell]

[url=https://twitter.com/money_alotta/status/953239984290574339][/url]

[whiteknightrises]

(01-17-2018 05:21 PM)SamuelBRoberts Wrote:  

Skank, do you know why Bitconnect might have a higher risk profile than say, NEO, or is it just another shitcoin to you?

BITCONEEEEEEEEECTTT

[westcoastlink]

Did you guys buy the bitconnect dip? ???

[Steve McQueen]

I heard the St Louis central bank has plans to add bitcoin to it's reserves this year, though it might seem laughable now, lm calling 100k bitcoin by year end if central banks start buying.

[speculator]

(01-18-2018 01:15 PM)Steve McQueen Wrote:  

I heard the St Louis central bank has plans to add bitcoin to it's reserves this year, though it might seem laughable now, lm calling 100k bitcoin by year end if central banks start buying.

Here is a link to the St. Louis Fed paper you are referring to. Bitcoin is here to stay. This paper is very informative and noobs can rely on it to get an overall idea.

St . Louis Fed's Opinion on Cryptos