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  • Are Cryptocurrencies Doomed?

    Jeff, between your Constant yet inconsistent Use Of Sentence Case, and your rampant ravings seemingly without basis, I just can't take you seriously. If you have something constructive to contribute, backed up by research and data rather than emotion and pure conjecture, I would truly love to...

    Jeff, between your Constant yet inconsistent Use Of Sentence Case, and your rampant ravings seemingly without basis, I just can't take you seriously. If you have something constructive to contribute, backed up by research and data rather than emotion and pure conjecture, I would truly love to hear it. Otherwise, I find you to be adding only noise to the discussion rather than signal.

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  • Are Cryptocurrencies Doomed?

    Not to mention that everyone seems to be conveniently ignoring the fact that the market overall had regained more than half the "losses" within 2 days.

    In another 5 or 10 years, theres's going to be as many (if not more) people recounting their stories of how they could've invested in crypto...

    Not to mention that everyone seems to be conveniently ignoring the fact that the market overall had regained more than half the "losses" within 2 days.

    In another 5 or 10 years, theres's going to be as many (if not more) people recounting their stories of how they could've invested in crypto back when it was under a $1 Trillion market cap, as there are people who now can regale you with their stories about how they could've been in on the ground floor of Apple, eBay, Amazon, etc. etc. (and I'm one of those people who has those stories! I'll be damned if I'm going to miss lightning striking a second time!)

    It's my theory that most people would rather have a story of near-success and ultimate failure, than a story of actual success. Actual success does not garner sympathy, but near-success followed by failure, gets both the admiration of the near-success, AND the sympathy of the failure.

    Human beings and their silly psychology... LOL

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  • FYI, Parrots (and most tropical birds) tend to love fruit. You might have much better success laying some fruit slices out in a dish, than with seeds (unless you know you've got seed-eating birds you intend to attract!)

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  • Don't feel bad, that book may be interesting and entertaining but you might not want to put a whole lot of stock in all of it... Here's a good place to start:

    https://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds

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  • I'm with you Michael - Bitcoin has no actual business model. Right now it's just got a massive first mover advantage, and the insanely fast rising "value" is of course sexy as all-get-out to speculators. But ultimately I'm not sure I see Bitcoin turning into anything the world will really want...

    I'm with you Michael - Bitcoin has no actual business model. Right now it's just got a massive first mover advantage, and the insanely fast rising "value" is of course sexy as all-get-out to speculators. But ultimately I'm not sure I see Bitcoin turning into anything the world will really want to use. And "store of value"?? PUH-LEEEZE. Stores of value are supposed to be stable. Bitcoin is anything but. Could that change? Yep, sure could. But my money isn't on it happening.

    Now as you've pointed out, ETH and XRP (Ripple) on the other hand... I think those are the places to be. Maybe Litecoin as well since from my experience it transacts way faster and more cheaply than Bitcoin. Of course that could just be because nobody's using it yet so the network isn't clogged up. Time will tell.

    Anyway, like you I have no doubts at all that crypto/blockchain is here to stay. I've made my "bets" and am quite content to ride them out for a good number of years as personally, this reminds me way too much of the early to mid 90s and the internet boom that happened all around me but that I didn't participate in. Coulda Shoulda. Not missing the party this time around, but for me I don't see myself hanging out at the punch bowl with Bitcoin!

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