Bitcoin-People will get burnt to a crisp with this bulls~~~.

[Silver FoxParticipant 2766]

It’sallbs wrote:

It’s not even properly regulated.

Insider Trading and Wash trading are both rife.

Stay away from it.

It’s entirely possible that many people will see their money vanish. We don’t have a crystal ball. But I reject the reasoning that it will fail because “it’s not even properly regulated.”

Government regulation has been the cause of more misery and poverty than I could ever hope to document. Hundreds of books have been written on the topic. Just ask the citizens of Greece how well government regulation protected their money a year or two ago.

Cryptocurrencies may be a bad idea but it’s not because governments don’t control them.

"Are you loosed from a wife? Do not seek a wife." --Apostle Paul

[trader1913Participant 1577]

Anyone that can be categorized as ‘Bitcoin-People’ will get burnt to a crisp; because instead of making smart investments in bitcoin they act like a cult and think it’ll go up forever.

Bitcoin can make you money, if you are smart. Take your profits when you have them, then re-buy with less risk, rinse repeat.

Spending all your savings on bitcoin in the hope that you will be a millionaire in a few years is not smart. They call that ‘hold and hope’ in the trading world, and it’s what bad investors do.

[Manspread MansplainerParticipant 4222]

Bitcoin will fail because it’s not regulated but the problem with fiat currency is that it’s regulated.

I get it now.

If women ran the world = It would become the shithole you are seeing.

[It’sallbsParticipant]

Manspread Mansplainer wrote:

Bitcoin will fail because it’s not regulated but the problem with fiat currency is that it’s regulated.

I get it now.

No.

The lack of proper regulation is allowing huge amounts of wash trading on an industrial scale which can easily wipe out the average joe bloggs.

2008 was able to happen due to massive deregulation which started under Thatcher & Reagan then laws were changed to suit the bankers.

We’ll not get onto how economics professors were paid to write favourable reports etc

Over regulation is bad but the level of deregulation in “the City” & wall street is dangerous.

Juts one example,you are surely not going to tell me that repealing Glass Steagel was a good idea?

http://www.leavemeansleave.eu

[It’sallbsParticipant]

Silver Fox wrote:

Government regulation has been the cause of more misery and poverty than I could ever hope to document. Hundreds of books have been written on the topic. Just ask the citizens of Greece how well government regulation protected their money a year or two ago.

Silver Fox wrote:

Government regulation has been the cause of more misery and poverty than I could ever hope to document. Hundreds of books have been written on the topic. Just ask the citizens of Greece how well government regulation protected their money a year or two ago.

I agree with your sentiment but…

Actually you’ll find in Greece it is the EU and the ECB (European Central Bank) that have cause their problems.

If you are in the EU (Europian Union) you don’t make your own laws or regulation.

The problem with being in the EURO is you can’t control your own fiscal and monetary policy.

The ERM (Exchange Rate Mechanism) and what it did to Britain in 1992 is a classic example.

http://www.leavemeansleave.eu

[It’sallbsParticipant]

Manspread Mansplainer wrote:

fiat currency is that it’s regulated.

That’s debateable.

http://www.leavemeansleave.eu

[DeepInThoughtParticipant 2710]

I’m into Ripple for $1,500. Bought at around $1.07, I can afford to let this run and possibly lose.

I mainly trade commodities and equities cfd’s on the US markets thought and they will always be my bread and butter market investments.

[It’sallbsParticipant]

The problem, regardless of whether it’s commodoties or this crypto crap is it’s all artificially manipulated on a huge scale by large organisation who have governments in thier pockets.

Most people will never win.

http://www.leavemeansleave.eu

[It’sallbsParticipant]

Really all you are doing with any market trading is trying to predict the future that’s it there is nothing more to it than that. The problems with that are:

1) Collusion and artificial manipulation on a vast scale.
2) You can sit in your home office watching you candle graphs-Goldman Sachs, Morgan Stanley, Banker Cnts plc et al have data centres and super computers watching.

You can’t win.

And believe me it is addictive you get a small win or for you a big win and you never pull it all out when you should-people never do.

If your lucky you can make a reasonable return and and then someone has a big win but the number of times that winner is you average Joe in his home office you cant count on one hand.

Stop looking for the fast buck.

Forex-No
Commodoties -No
Crypto -No

Start a proper business- Yes.

Pffffffffffffffft these young kids and their computers -think they know it all.

http://www.leavemeansleave.eu

[Silver FoxParticipant 2766]

I agree that looking for the fast buck is a bad way to live your life. Dumping all your savings into a risky investment is a great way to keep yourself in poverty.

Never invest more than you can afford to lose.

I believe that there are still quite a few people who stand to make some good money on crypto, even now. But I also agree that starting your own business is an excellent idea… but with its own accompanying risks as well. How many individuals sank all their money into getting their businesses off the ground only to lose everything when it failed after all? Nothing is risk free.

As with everything, wisdom is the best guide.

Explore opportunities. Take calculated risks. Know what you’re getting into. Ask for advice and evaluate the answers you get. And remember that the love of money is the root of all evil… including the evil of self-induced poverty.

"Are you loosed from a wife? Do not seek a wife." --Apostle Paul

[BeerParticipant 11832]

Carnage wrote:

If I where a government I wold try to regulate it and charge an enormous amount for the conversion to fiat.

If I were the government, I’d just watch the bubble inflate for a while and tax all the gains while its doing so. Oh yeah…and I’d always have the ability to kill it any time I want should it challenge the USD in any meaningful way or challenge my ability to manipulate currency. Keep in mind 100% of your investment gains off Bitcoin are taxed, and if you lose your pants off on it the losses you can write off are limited, so the only guaranteed winner with Bitcoin is the government.

[IRuleMeParticipant]

Carnage wrote:

By the way have you seen insane gains from the weed related stocks?

Bitcoin? Bitch please, weed is going up the roof.

And who buys weed? The millennial generation. The ones who can’t decide what gender they are. That’s probably how it got started.

[IRuleMeParticipant]

Beer wrote:

Carnage wrote:

If I where a government I wold try to regulate it and charge an enormous amount for the conversion to fiat.

If I were the government, I’d just watch the bubble inflate for a while and tax all the gains while its doing so. Oh yeah…and I’d always have the ability to kill it any time I want should it challenge the USD in any meaningful way or challenge my ability to manipulate currency. Keep in mind 100% of your investment gains off Bitcoin are taxed, and if you lose your pants off on it the losses you can write off are limited, so the only guaranteed winner with Bitcoin is the government.

You have to disclose any bitcoin earnings. So any taxes paid will likely negate, or close to negate any bitcoin investment. It’s not worth it.

[Gravel PitParticipant]

I dont see any valid arguments against crypto trading or investing here. If your holding digital assets in a cold wallet or an overseas exchange…please explain how the IRS is going to tax that. Chinese and English folks dont answer to IRS stooges. And they cant tax what they dont know exists on a piece of paper in a sock drawer.

And if I had 1 million in Bitcoin, Id gladly pay half of it in taxes anyway and you would too. But lets be real, your puny few thousand dollar withdrawals once a year; ‘your gains,’ are too small for any government body to go after. Its propaganda to scare people out of buying crypto.

There are big traders and small traders, tricksters and liars….in all markets, crypto is no different. Its on YOU to research and make your own decisions.

This is the usual fear of something you dont understand. In relation to crypto, I used to be in that crowd of the fearful. Now I know better…

The future is enroute. If you’re standing still, youre falling behind.

[Gravel PitParticipant]

IRuleMe wrote:

You have to disclose any bitcoin earnings.

You “have” to drive sober and insure your car too but we see how well those rules are followed. I pay my taxes just fine, state and federal but Ill say this. Not one person out of millions of people holding crypto or withdrawing it into their banks, is going to report thoae earnings lol. And the government lacks the resources, tech and manpower to do s~~~ about it. And it isnt worth doing anything about it. That would be like sicking IRS audits on waitresses who dont report cash tips…

If people are going to bash crypto, at least front the arguments that have merit.

And one more thing, 90% of small businesses FAIL. I have personally witnessed this tragedy happen to dozens of people. There is a lease space in my building which Ive nicknamed the ‘Dream Crusher.’ Ive see 4 businesses in 6 years go t~~~ up, with on average, each losing several 10s of thousands of dollars before they throw in the towel. Some of these people had their lives ripped apart.

Unless you have huge capital and can immediately start breaking even, your business will likely fail. Only like 5% make it past 5 years and they’re only barely starting to operate in the black towards the fourth quarter each year like a normal business.

Anyway, crypto is no magical get rich plan, nor is it a scam. Its simple and new and people fear it out of ignorance. Its not going away and it is going to get bigger. Maybe you should considering throwing $500 in and doing some homework, you could be surprised.

[It’sallbsParticipant]

I am not saying, “don’t try it with an amount you can afford to lose”.

But to tell it like it is, anyone who thinks it’s any different to and other form of trading (as the young seem to believe) is naive as fcuk.

http://www.leavemeansleave.eu

[Gravel PitParticipant]

Dude, YOU are coming off as “naive as f~~~”. … Are you actively trading crypto or holding any? Have you purchased or traded any alt coins? WTF do you know?

Ive been in crypto for less than 30 days and have made twice my money after paying $250 in fees and losses. Thats OVER a 100% gain in less than a few weeks. I can pull out at any time, and could be totally out in less than 24hrs.

Dont come on here and bash crypto when you dont know s~~~ about it.

SORRY TO be mouthy with ya brother but damn. Youre bashing something that other mgtow here have already said that theyve made ALOT of money.

Now youre changing your tune to saying all trading is a risk, after the OP is trying to scare people out of it. Lol. Be real dude. Jesus, go start a coinbase account, buy some litecoin. Thats a simple as it gets. Litecoin will double this year. Easiest investment you could make this year. Come back to me in January 2019 and tell me I was wrong.

Lol 😉 some folks around here are angry as s~~~ all the time.

[trader1913Participant 1577]

It’sallbs wrote:

Really all you are doing with any market trading is trying to predict the future that’s it there is nothing more to it than that.

That statement lets me know you know ABSOLUTELY NOTHING about the markets. Trading is not about predicting anything, it is about good risk-reward management.

The tape never lies
The market always wins

Maybe you blew up because you tried to ‘predict’ the market and now think trading anything is all bollocks.

[Won'tGetFooledAgainParticipant 3293]

It’sallbs wrote:

Really all you are doing with any market trading is trying to predict the future that’s it there is nothing more to it than that. The problems with that are:

1) Collusion and artificial manipulation on a vast scale.
2) You can sit in your home office watching you candle graphs-Goldman Sachs, Morgan Stanley, Banker Cnts plc et al have data centres and super computers watching.

You can’t win.

And believe me it is addictive you get a small win or for you a big win and you never pull it all out when you should-people never do.

If your lucky you can make a reasonable return and and then someone has a big win but the number of times that winner is you average Joe in his home office you cant count on one hand.

Stop looking for the fast buck.

Forex-No
Commodoties -No
Crypto -No

Start a proper business- Yes.

Pffffffffffffffft these young kids and their computers -think they know it all.

I have had money in Crypto for 6 weeks now, I have learnt a lot and I agree 100% with the above. There are currently 1384 coins out there, how many of these do you think are going to survive. This is a pump and dump market, a certain coin is manipulated, rises 100% in a day and is then dumped. The newbies see a coin rise 100%, invest all their money and then the coin loses 50% in a matter of hours. The newbies see the coin fall, sell and then buy the next must have pumped coin. rinse and repeat.

It is easy to get sucked in when someone at work is telling you they turned £1k into £15k in a month by buying a certain coin, of course you want in on this easy money. Hell, if you believe the hype you can buy any old coin and be rich in a matter of months.

But this whole thing has to crash, when something like DOGECOIN which was started as a bit of fun is “worth” $1,835,354,403 (yes $1.8 billion) then you know this is a f~~~ed market.

Plus governments and banks are not happy about this form of money that they are unable to regulate or control and are starting to do something about it. Visa has shut down bitcoin credit cards and Australian banks are stopping people from investing in crypto.

The only people who will make money out of this are the big corporations and the 1% of small investors who got lucky. This is the 2018 version of the 1840s goldrush where the only people who got rich were the people selling the mining tools. This time, the only people who will get rich are the exchanges.

And what do you think will happen when it starts to crash and everyone wants their money out? The whole network will crash and you will be unable to withdraw you money. Plus I doubt the exchanges will be able to handle this withdraw of FIAT and will no doubt go bankrupt.

Who are you going to ask for your money back then?

For women, everything eventually boils down to Alpha Fucks, Beta Bucks.

[It’sallbsParticipant]

trader1913 wrote:

it is about good risk-reward management.

The tape never lies
The market always wins

I agree and the risks people take are base don what they think is going to happen.

People always buy into the bulls~~~ and think it is more complicated that thet and it isn’t.

http://www.leavemeansleave.eu

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