Curious question

Have any of you user's actually lost money with crypto.
I invest regularly in equities and bonds, and have zero interest in crypto. I see it as a bubble (not a bubble debate)

I was just curios if anyone actually lost money. I firmly believe it to be a bubble.

Aka
Cant lose, only goes up, etc.

nobody posts about their losses

lots of people lose money

depends how many people buy merchant's gear on ethercraft

BUY NOW YOU FUCKING GOYS

Just like stocks and bonds, you won’t lose if you do your research and make sensible entries into the market.

Tons of people lose money, just not me.

a shitton of people just lost money

Even if the crypto market as we know it is a bubble there is a future in Blockchain technology. There's too many large corporations investing in engineers and research for it to just go poof.

I'm down 50% this past week but before that I was up 50x

people who get scared lose their money. that money goes to me and the people who aren't retarded

ill go. started a month ago with 1000, got up to 2400 until three days ago, went down to -500 today and now I'm at 1012. what a fucking ride.

If everyone ever catches on to this it turns from a rollercoaster to pony ride.

I read many financial reports, annual mostly, I stay away from quarterlies.

What kind of research can you possible make on a crypto...software? ease of use?

whats to say, blockchain is not incorporated into the american dollar.

Many people who purchase with crypto use a mediator to facilitate transactions at a cost anyway, paypal style.

If you just send money blindly, how will you know a merchant is going to honor their agreement for service or good.

Until you cash out for fiat or it becomes a universally acceptable method of exchange we've all lost.

I put $20 into a bitcoin ATM on new years. They only gave me $15.50 worth, and now it's at $12.57. I'm never going to make my money back.

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Good questions and I assume the only way to handle that is much like you would on Amazon or Ebay only deal with trusted merchants or suffer the consequences/ pains of getting your money bank .

I personally don't think Crypto has much value outside of banks, casinos, Private businesses, and some things I've read in terms of security or checking the authenticity of products.

I think consumer level it is a wash generally . So I think it's best used for improving transaction speeds for large or slow moving institutions , being an alternative to classic poker chips or tokens like in casinos , or as I said using blockchain tech for potential security.

Everything else is a waste as far as I'm concerned. Fiat has a host of problems sure but I see no world where decentralized Cryptocurrencies replace it. more likely we'll have lots of nationally centralized crypto currencies and they'll start producing coins the same way they "create" fiat.

Right when i first got into btc, i put 4k into it. I put a stop loss on it. A week later a quick flash crash trigger a huge sell for a loss. Lost about 1500 on it.

Quickly learned not to use stop loss in cryptos for that very reason. People trigger those to scrape the barnacles.

I've made that and more back from XRP, ICX, and NEO

>deal with trusted merchants or suffer the consequences/ pains

That is the problem with transferring funds to a numbered account, blockchain does not take into account the possibility of getting fucked over by a person who one day decides to not complete a agreement.

VISA an MC, will give you fraud protection. They do charge a fee, yet I feel safe shopping online.

Your answer is basically what I assumed.

You will never see nationally centralized crypto, never. They might integrate blockchain, but will never release control to a non-inflationary currency. One of the reasons we got off the gold standard was a shrinkage in the money supply.

This crypto stuff has all the makings of a bubble, its highly imitated (thousands of cryptos), everyone thinks they will not lose, and no-one realizes that they do not understand the basics of currency. Its a millennial tulip fest. The people who got in VERY early are rolling, lets hope they get out at the right time.

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Agreed the more you understand the market the more the obvious bubble aspects show up . I didn't even know about Bitconnect the first scammy sounding coin I read about which offered the ability to do Loans was SALT but the concept of personally loaning currency sounds like exactly the problems people say Crypto is trying to fix over Fiat . Its an illusion .

then you have the more obvious ones like FedoraCoin or DentaCoin . Stuff that is trying to fix or innovate payment systems by creating and inventing new problems with the structure of payments. It's idiotic and only the technophiles who have a base understanding of economics and no understanding in the basic psychology of economics would think otherwise.

Still I think there's a profit to be made. I've been invested for a month and my " portfolio " is already up 4 times. I also think this market is in its infancy . I think the rise of dAPPS will bring a massive interest to crypto the way apps brought a massive interest to phones. Blockhain based games and apps may provide ecosystems which will give the market the ease of access it needs to truly become mainstream .

I don't doubt it's a bubble I think it's a bubble that still has a lot of potential before it bursts.....with that said I also invested a paltry $400 so if it busts I'll survive , if it explodes I may thrive.

Oh and don't get me started on the white papers. Anybody who has seen a real business to business pitch document in tech entertainment will tell you half of these fucking white papers look like college assignments. Buzzwords on top of buzzwords to broadly explain a vague techincal idea which will apparently change the world .

The well written ones and well explained updates and project plans really do show me the value of certain coins / tokens but this market is a fucking jenga tower.

I put my life savings into Bitconnect and now I'm ruined. Carlos made it sound so awesome :(

>$400 so if it busts I'll survive
thats the thing, people might assume that they will still be able to get back a portion of their money.

When in reality, if the crypto bubble pops for a coin, they will be worthless because, who will buy a crypto they cant resell later.

This shit is terifying. I understand a business that grows over time. Crypto is constantly evolving. One day a new coin will emerge as the standard b/c of better software and everyone else will be left holding worthless coins they paid for with hard earned cash.

FUD thread. anons, these threads are here because people want to psychologically manipulate you into having weak hands. op, go fuck yourself and your stupid bubble shilling bankster self.

>psychologically manipulate you into having weak hands
fascinating, your trying to peer pressure people away from a discussion about investing, because you are worried your investment.

What coin are you promoting?

To be fair that can happen with any currency right? I always remember the story about the Germans after World War 1 and before Hitler when for a while their it took wheelbarrows of money to purchase simple things like bread.

Moreso it's the risk of investment and part of the fun / excitement / opportunity in investing in an unregulated market. There will be big winners and also Big losers .

>that can happen with any currency right?
a currency pegged to gold will not be able to be inflated, such as Americas once was. The reason we are not on the gold standard is to prevent deflation. Read up on Keynesian economics, its what runs your life.


The only reason you own crypto is for the possibility to sell it for more fiat than you paid for it.


I ask again, what coin do you own and how much.

I've maxed out a 401k (90%stock/10% bonds) at work since 2012. About $120k in contributions over seven years is as of today worth $265k and growing. I feel very lucky and got some really good advice from a knowledgeable older guy when I started my job, who basically told me in short fashion all I ever needed to know about investing. Daily $2,000 swings, either way, now happen in my 401k dozens of times a year...you eventually grow accustomed to the occasional losses as much as the more often gains and keep on contributing out of every paycheck. The only time I ever touch it is to rebalance back to 90/10 if stock gets up to 93%. I've NEVER had a loss in any of the 27 quarters I've been invested. Even without experiencing a huge loss I definitely know the emotion that gets tied up in investing. I do think I have the nerve to hold strong if the market takes a 30+% dive because I still have a 40-year investment timeline. Market timing doesn't work (boglehead), time in the market does.

As for crypto, I turned .05BTC that I received as a $30 tip back in 2013 at ~$600 into $800 for a Christmas cruise with my wife when I cashed out at $16,000. At this point I feel like a winner. I might think about DCA'ing in a couple hundred dollars a month if BTC ever goes

>I'll keep shoveling thousands into VTSAX.
most of your 401k was during a great run, dont get discouraged if it takes a dive. (it will)
Im shocked you are "shoveling thousands" into crypto. If you dont have a stomach for a 30 percent drop, why would you risk thousands on crypto.

I'm in one coin that is currently -40% from where I bought, but other than that, I'm way up overall.

never lost a cent. Nearly all increase stock valuation is a result of loss of purchasing power of the dollar. If a stock is not growing exponentially it is not breaking even in purchasing power
If i told to measure a football field but each year gave you a shorter yardstick would you tell me that the field is getting longer?
When you have a non inflationary currency the stock market will give you 3% a year against gold.
CPI does not measure loss of purchasing power of the dollar because consumer goods have been getting exponentially cheaper since the industrial revolution. The only material that does not change with time is gold and therefore gold is the value datum; this is the reason gold develops as money in all civilizations independently.
Now we have this thing called crypto which is the first technology that can make gold redundant, man made gold, the phllosophers stone, the singularity and it is growing exactly as expected (kinetic growth)