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    Author Topic: How foolish are people who invest in Bitcoin?  (Read 6679 times)

    • Sumo
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    August 05, 2018, 10:37:33 AM
     #1301
    Why do you call stupid people who invest in bitcoin? Despite the price fluctuation, most investors are well aware of what they are doing and are consciously investing in unstable bitcoin.

  • fattyforhire
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    August 05, 2018, 10:45:24 AM
     #1302
    Although bitcoin is not stable and its price is unpredictable, it is not stupid to invest in it. Because it is necessary to assess not only the current situation in the market, but also the prospects.

  • PAKYU
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    August 05, 2018, 01:05:32 PM
     #1303
    Many of us has own strategy and all you can do is watch and advice not to control them,like now bitcoin price is in the dip price many people was investing on it ,these are the basic strategy to earn in bitcoin and honestly i already buy bitcoin and im willing to wait until the price will pump again.

  • Kuchiyose
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    August 05, 2018, 01:21:36 PM
     #1304
    Quote from: Malamok101 on August 05, 2018, 01:59:36 AM
    There are also many people who are losing money when they buy bitcoin at its high price.
    The losing money can be a lot when they sell it cheaper on the price they started to buy at its high price.

    It's a consequence that you have to accept from playing Bitcoin because Bitcoin isn't a stable currency and can predict prices will always rise.

  • cabitu
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    August 05, 2018, 01:26:22 PM
     #1305
    Anyone who invests in bitcoin, when the price of bitcoin is above $ 15,000, it is very risky in my opinion and indeed it can be said to be foolish, because by buying bitcoin at that price, it would be difficult to get big profits, or even cause losses. I think being patient is waiting for the drop in bitcoin prices, and start investing when the price of bitcoin is in the range of under $ 7,000, by investing bitcoin at that price, I am sure we will have a great opportunity to be able to make a profit, and will reduce the risk of loss.

  • jpnl0004
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    August 05, 2018, 02:49:38 PM
     #1306
    No one is foolish but we only take risk only those who are scared to take risk see others as been foolish in investing we make.Those who invest are smart and wise it take courage to invest so no one is foolish for investing

  • manfredmann
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    August 05, 2018, 02:52:53 PM
     #1307
    Quote from: Pe4kin on December 15, 2017, 09:13:26 AM
    How many idiots who decided to invest in bitcoin!!!!!!!

    It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
    And as it grows from 1.5 to 1.7.....

    In recent days printed 180 million tether and still no big growth....
    Lending on the stock exchange came to a billion dollars.
    The credit rate on the day was a record and more than the 0.103%.

    This means that the market has reached its peak. The price of cryptocurrency maximum.
    This is the moment when you have to sell everything.

    So began a process of growth needs the infusion of more money.... They're gone.

    I think the joy of endless growth to an end this weekend.

    Nothing in this world is eternal and permanent.....
    And rising prices of bitcoin are not eternal.... all ends already.....
    LIke the current market now which do look bitcoin so bad on its market price that relatively has a lot of market price drop could be consider as the end of bitcoin. This is just normal and even if it still drop for more will be consider as normal. This is somehow just like a preparation for a bull ran for the year 2018 and will definitely beat 2017 highest market price recorded for bitcoin. 

  • deel02
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    August 05, 2018, 02:54:12 PM
     #1308
    Quote from: YuginKadoya on December 15, 2017, 10:38:32 AM
    Crazy or not there are still peopled investing even if the price is at the peak, I really think this is not the end of the increase of the price of bitcoin, and there are so much for us to go in a wide variety of value, and in my opinion if the last block isn't mined yet there is a possibility that the price would still increase.
    Maybe someone known them as fools, it is hmupon yourself, don't let your surroundings affect your decision. In investing bitcoin maybe they have the reasons to invest but thats their business and we have different goals so I believe maybe you can call someone "fools" but we have different perspective in our lives.

  • Iandi anne
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    August 05, 2018, 03:04:37 PM
     #1309
    Quote from: Pe4kin on December 15, 2017, 09:13:26 AM
    How many idiots who decided to invest in bitcoin!!!!!!!

    It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
    And as it grows from 1.5 to 1.7.....

    In recent days printed 180 million tether and still no big growth....
    Lending on the stock exchange came to a billion dollars.
    The credit rate on the day was a record and more than the 0.103%.

    This means that the market has reached its peak. The price of cryptocurrency maximum.
    This is the moment when you have to sell everything.

    So began a process of growth needs the infusion of more money.... They're gone.

    I think the joy of endless growth to an end this weekend.

    Nothing in this world is eternal and permanent.....
    And rising prices of bitcoin are not eternal.... all ends already.....
    I don't think bitcoin ivestment is such a stupid investment. For me, bitcoin has a big potential that can give more profit in the future. The market will never stay low, and I believe that the market will recover and will probably grow and give big return to the investors.

  • nguyenlamqt116
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    August 05, 2018, 03:18:55 PM
     #1310
    I don’t think that investing on Bitcoin is a foolish work. On the contrary I think it is a very good and cleaver to invest on Bitcoin

  • PrissMCclen
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    August 05, 2018, 03:21:28 PM
     #1311
    I think the question should rather be, how foolish are they people who still dont believe in the almighty bitcoin, so it's either you believe in bitcoin or you forget about cryptocurrency as every other coin are tied to btc, my thoughts tho.
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  • Stac
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    August 05, 2018, 03:48:46 PM
     #1312
    people are not foolish to invest in bitcoins, i mean to say that when the price was higher it would be a wrong option to invest in bitcoins but still there is good potential for the price of the bitcoins to go higher it can even go above $ 30000 USD by this year ending. Before investing on any commodity or asset it is better to study the market before hand to avoid pitfalls as in all financial markets it is quite normal to have a hike and fall which is the same with crypto currency market, so no one should invest on credit basis as crypto currency market is highly unpredictable.

  • kojakk
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    August 05, 2018, 04:01:52 PM
     #1313
    After reviewing several BTC or crypto in general forums, I get the impression that it's not like ppl are foolish to make such investement, but maybe do not know what they're doing, so many ppl are calling, appealing, to anyone, not to sell their bitcoins, without setting a sensible limit when it's time to. After Wozniak fire sold it all. Man.

    If ppl are caught in a bubble, that's waiting to burst, it's difficult to admit it, these days. Some ppl seem to hack the life so much, that they're waiting for the time to prove them right, keping their BTC or investing more.


    Do you think it's a correct view, what I've got?

  • Shiversnow
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    August 05, 2018, 04:12:07 PM
     #1314
    Quote from: Phily40 on December 28, 2017, 01:19:44 AM
    People investing in btc are not foolish, they realized that btc is the best investment to earn a lot for them to live a better life.
    Bitcoin is the best investment to earn more profit to gain better life in the future, the investors are not foolish cause they know the benefits and advantage of bitcoin a big profit in investment. 

  • CryptoKush
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    August 05, 2018, 05:05:24 PM
     #1315
    I think that many people like to experiment on this and invest in Bitcoin. So many people see freedom in Bitcoin and it attracts them.

  • Shadesofglory
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    August 05, 2018, 05:42:10 PM
     #1316
    All these ills are part and parcel of investment generally, they are not peculiar to bitcoin alone. The media is a washed  with people casting aspersions on bitcoin, yet,  after staggering a bit owing to price, would rise again.

  • mekie
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    August 05, 2018, 05:51:40 PM
     #1317
    Short answer-no they are not foolish, some are greedy, some naive, some reckless. but over the last 3 years bitcoin has shown a steady overall upward trend in its price. People have jumped in to crypto without fully understanding it, hoping to make a quick profit-thus overheating the market and prices.
    To buy bitcoin or any crypto with borrowed money is just plain silly, the only thing you should borrow money to speculate in is real estate and even that has risks. 
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  • Pan Troglodytes
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    August 06, 2018, 10:41:22 AM
     #1318
    Quote from: mekie on August 05, 2018, 05:51:40 PM
    Short answer-no they are not foolish, some are greedy, some naive, some reckless. but over the last 3 years bitcoin has shown a steady overall upward trend in its price. People have jumped in to crypto without fully understanding it, hoping to make a quick profit-thus overheating the market and prices.
    To buy bitcoin or any crypto with borrowed money is just plain silly, the only thing you should borrow money to speculate in is real estate and even that has risks. 
    All true, one correction only if I may: the slow and steady overall upward trend is present over last 9 years since the famous "Chancellor on brink of second bailout for banks". The last 3 years is the time of still wider adoption, being on brink of "popular adoption".

  • rinkeshkashyap01
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    August 06, 2018, 11:08:26 AM
     #1319
     It's foolish to buy BTC now. But it was a good investment even a few months ago. So now it's wiser to invest in altcoins like Ethereum and others. They cost less, so more people can afford it, also the growth rate is better than BTC's.

  • btcprospecter
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    August 06, 2018, 11:14:15 AM
     #1320
    It's foolish that many heard of bitcoin years ago but did nothing until they started to see increases in price then started buying at an ath.
    For most they see bitcoin as an investment not a practical everyday currency.
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