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https://99bitcoins.com/obituary-stats/ https://99bitcoins.com/obituary-stats/

kristopolous 9y ago
Thanks, this is about general markets however. I've been trading BTC since 2011. Doesn't matter if it's tulip bulbs, baseball cards, bitcoins, houses, or dotcom companies, markets operate on similar principles and talking about the market dynamics doesn't say anything about the asset in question. Cryptocurrency is a viable means of exchange and the technology is great and all but that doesn't change the rules or mechanics of the marketplace. It isn't magic.
- sAbakumoff 9y ago
  Personally I inclined to trust Ronnie Moas who likes saying this about BTC: >>if you try to trade this you WILL get smoked; charts are bullshit and do NOT apply here; stop jumping on and off the train, you look foolish But at the same time investing only the funds that I can afford to lose.
  - deleted 9y ago
    [deleted]
- kough 9y ago
  right, but viable means of exchange doesn't mean there's any particular reason to buy and hold.
  - dfsegoat 9y ago
    ...If it is a more stable asset class than what you currently own, then why wouldn't you buy and hold? Isn't that the point of diversification? Legitimate, honest questions from someone without any real academic background in econ.
    - kough 9y ago
      I think that's a situation pretty far divorced from our current reality, but I see your point.
- dfsegoat 9y ago
  >> 'Doesn't matter if it's tulip bulbs, baseball cards, bitcoins..markets operate on similar principles.' An elegant raison d'être for this whole thread: Not having any real technical knowledge of economics, it was very easy to head down the rabbit-hole of conspiracy theories and hype - this brought me back to thinking fundamentally (I live in one of the most ridiculous housing market "bubbles" - but it's been a "bubble" for about 10 years now).
- sAbakumoff 9y ago
  au contraire 1) Blockchain and its first application BTC is the most the Most Significant Invention since the Internet and Electricity. 2) Any sufficiently advanced technology is indistinguishable from magic.
- Kiro 9y ago
  I disagree. You can't apply regular market theories on Bitcoin. The world hasn't experienced this before and it will open up a whole new field of economics. In 10 years you'll see that I'm right.
  - deleted 9y ago
    [deleted]
matt4077 9y ago
May 31, 1897: “The reports of my death are greatly exaggerated.” -- Mark Twain (November 30, 1835 – April 21, 1910)
- sAbakumoff 9y ago
  Fucking A! I Thought about another quote which someone thinks Mr. Twain said : There are three kinds of lies: Lies, damned lies, and BTC charts.

Thanks, this is about general markets however. I've been trading BTC since 2011. Doesn't matter if it's tulip bulbs, baseball cards, bitcoins, houses, or dotcom companies, markets operate on similar principles and talking about the market dynamics doesn't say anything about the asset in question. Cryptocurrency is a viable means of exchange and the technology is great and all but that doesn't change the rules or mechanics of the marketplace. It isn't magic.

sAbakumoff 9y ago
Personally I inclined to trust Ronnie Moas who likes saying this about BTC: >>if you try to trade this you WILL get smoked; charts are bullshit and do NOT apply here; stop jumping on and off the train, you look foolish But at the same time investing only the funds that I can afford to lose.
- deleted 9y ago
  [deleted]
kough 9y ago
right, but viable means of exchange doesn't mean there's any particular reason to buy and hold.
- dfsegoat 9y ago
  ...If it is a more stable asset class than what you currently own, then why wouldn't you buy and hold? Isn't that the point of diversification? Legitimate, honest questions from someone without any real academic background in econ.
  - kough 9y ago
    I think that's a situation pretty far divorced from our current reality, but I see your point.
dfsegoat 9y ago
>> 'Doesn't matter if it's tulip bulbs, baseball cards, bitcoins..markets operate on similar principles.' An elegant raison d'être for this whole thread: Not having any real technical knowledge of economics, it was very easy to head down the rabbit-hole of conspiracy theories and hype - this brought me back to thinking fundamentally (I live in one of the most ridiculous housing market "bubbles" - but it's been a "bubble" for about 10 years now).
sAbakumoff 9y ago
au contraire 1) Blockchain and its first application BTC is the most the Most Significant Invention since the Internet and Electricity. 2) Any sufficiently advanced technology is indistinguishable from magic.
Kiro 9y ago
I disagree. You can't apply regular market theories on Bitcoin. The world hasn't experienced this before and it will open up a whole new field of economics. In 10 years you'll see that I'm right.
- deleted 9y ago
  [deleted]

matt4077 9y ago

May 31, 1897: “The reports of my death are greatly exaggerated.” -- Mark Twain (November 30, 1835 – April 21, 1910)

sAbakumoff 9y ago
Fucking A! I Thought about another quote which someone thinks Mr. Twain said : There are three kinds of lies: Lies, damned lies, and BTC charts.