For real /biz/bros, how much longer do you see crypto being the goldmine that...

farquit
farquit

For real /biz/bros, how much longer do you see crypto being the goldmine that it is? I feel like if this can stretch another 12 months I can get enough to retire happily. Just have this constant feeling of the time running out on this thing.

All urls found in this thread:
https://www.bloomberg.com/news/articles/2017-12-21/goldman-is-said-to-be-building-a-cryptocurrency-trading-desk
Carnalpleasure
Carnalpleasure

@farquit
crypto is here to stay, the shitcoins will get cleansed tho

Soft_member
Soft_member

@farquit
I feel the same way. I don't even care about enough to retire I just wanna buy a house free and clear

viagrandad
viagrandad

can we stop having this same fucking shit thread posted on an hourly basis?

SomethingNew
SomethingNew

@Carnalpleasure
Do you think these insane daily moons of over 100% are going to stay too? Or are things going to slow down to the 2% ups and downs of the stock market.

viagrandad
viagrandad

@SomethingNew
Do you really believe a market where you can make 100% gains every other week is even remotely sustainable. It's a time bomb user.

SniperWish
SniperWish

@SomethingNew
The problem is that more and more people are starting to feel this way, now that crypto is not as hot as it used to be (for normies).

Like the iPad represents tablets, Bitcoin represents crypto. And it has stalled. Less news coverage -> less new money.

I think a cleanse will happen somewhere this year. 99% of the coins will take a massive hit.

TurtleCat
TurtleCat

@viagrandad
What's your personal estimate before this time bomb sets off?

Techpill
Techpill

Just stop being lazy and daytrade. You can 1000x with 2% gains per day in one year.

Nojokur
Nojokur

@farquit
Give me sauce on that video and I’ll give my predictions.
Hint, crypto is not going anywhere but it will have competition in the future (hashgraph) there will be a correction and a lot of altcoins will be obliterated but we will only reach that point once.....
Sauce me

MPmaster
MPmaster

@Techpill
That is a skill I don't have. How do I go about learning it?

Snarelure
Snarelure

@viagrandad
@SomethingNew
crypto easily has another 15x in it. that'd put the valuation of ALL CRYPTOCURRENCIES it slightly above 10 tril marketcap.
NSYE stocks alone have over 20 tril marketcap

SniperWish
SniperWish

@Nojokur
It's fucking.. Prank invasion.. Mommy make out day.. something like that. It's not porn.

Supergrass
Supergrass

$20 trillion marketcap...ill say a about 1 -2 years left since the b ig insituational players liek goldman sachs and wall st hasnt entered yet

Burnblaze
Burnblaze

@TurtleCat
Sometime this year. I'm looking for another 20% bump on my portfolio (looking at you ETH) and I'm out.

Good coins and tech will rise from the ashes though.

Deadlyinx
Deadlyinx

@Snarelure
The NYSE trades companies that have proven business models and produce, transport, and manage trillions of dollars worth of goods annually.

Crypto still has room to go up, but I doubt it's going to reach $20 Trillion. Maybe $5-8 Trillion?

ZeroReborn
ZeroReborn

@farquit
Expect the number of coins on coinmarketcap to double or triple by the end of the year with most of them being worthless shit/scamcoins. The huge diversity and difficulty picking the right ones for fast gains will cause people to stop investing in smaller unproven ones and slow down everything.

Poker_Star
Poker_Star

@MPmaster
this is what an alleged $12 mil (in 2017 july prices, $2k bitcoin..) net-worth whale said in july:

Wanna get in here? It sounds boring but its like this: Put just 1000$ knowing you are gonna lose them and try the patterns you think you find (Hey, when this goes down, this goes up, hey when THIS one reaches 32% over the typical average value, THIS OTHER goes -21% in his average value, and then recovers, it happened every X months! Lets try it!, something like that), only 2 every 10 will be at least a bit valid, but once you find them, you will start making serious gains.

TurtleCat
TurtleCat

@farquit
That kid looks like he is going to kill his mom's boyfriend.

Nojokur
Nojokur

@SomethingNew
did th he NYSE disappear after a few years?

Garbage Can Lid
Garbage Can Lid

@Supergrass
goldman sachs is entering this summer

https://www.bloomberg.com/news/articles/2017-12-21/goldman-is-said-to-be-building-a-cryptocurrency-trading-desk

lostmypassword
lostmypassword

theres nothing to worry about if you are holding coins with solid fundamentals and an actual project behind it. chances are tho the majority of Veeky Forums holders will be completely wiped out in the next crash. greed doesnt pay off longterm

RavySnake
RavySnake

@lostmypassword
Shitcoin WIPE is in 2020.

Methnerd
Methnerd

@RavySnake
i wish it were true. but even now, it just seems so damn unsustainable. for this reason i have over half my portfolio now in the established coins, with the other in projects and tokens. otherwise i would be 100% in shitcoins. dont fall for the memes, the market is in a very unsure state right now

farquit
farquit

@ZeroReborn
Well the fees to get listed help.
Then it's up to us to pick the right ones on the future EtherDelta.

VisualMaster
VisualMaster

@SniperWish
Can confirm. Also, 100% staged (paid actor came out on video in a h3h3 interview)

Garbage Can Lid
Garbage Can Lid

@farquit

One year. Maybe two. We are still early and far away from the dot com bubble status.

Thing is, the bubble popping is not about the numbers. Investing bubbles pop when companies start to prove they can't deliver on their products and their earnings (or in this case the real world usage of the tokens/coins) do not match the market's valuation.

Most companies are still way too early and will not have working products for a year or so. At that point the market will be able to assess how much they are really worth.

This also applies to things like ETH, BCH and XMR that will have to start proving real world usage or they are going to devalue, but for now they get a pass while they are still in early development.

Playboyize
Playboyize

@Poker_Star
Sounds like something that a bot can easily do

hairygrape
hairygrape

@Techpill
What are your go to day trading pairs?

I made 2k from 200, day trading VTC.

Poker_Star
Poker_Star

@SomethingNew

fucking a man I have missed every 100x moon mission the last 2 weeks.

Ever since I started spending all my time on biz looking for good coins.

hmm....

in b4 newfag I been on Veeky Forums and on off for 10 years kids

Stark_Naked
Stark_Naked

@Poker_Star

this is the dumbest thing I've ever read. day trading with dumb chart patterns is how you get rekt

@MPmaster

if you really want to trade as a 'skill', your options are arbitrage, market making, and scalping. And they're all tedious and not as profitable as you think when averaged out over a long period. Most "day traders" don't actually trade every day.

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