Bitcoins/Litecoins/Virtual Currencies

Yeah I don't think people have come to terms with the fact that the only demand for the coins is another person hoping they continue to rise in value.

Foler said:

This quote made me smile because it's so true. The "investors" I know don't have a single clue about investing in general.

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What shocks me is the amount of garbage articles that are produced by the Crime-Coin community. It's worse then the actual stock market! EVERYTHING IS GOOD FOR BITCOIN.

gshurik said:

I started mining some Garlicoin for fun. First day and 3 in the wallet.

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If it's that easy you should sell.

Bitcoin transaction fees right now are roughly 25 cents for non-SegWit transactions. SegWit TXs would of course be much lower still.

Bloomberg is a fucking joke. Where were they before the 2008 crash? The FUD spreading provides so much entertainment. Banks have always been the slowest adopters to any change. Thats how they survive.

It's like the old Amazon FUD.

“The pioneering e-commerce company's stock price continues to slide, losing 88 percent of its value since its peak 14 months ago. Half a dozen Wall Street analysts have downgraded the shares. The company's fiercest critic says he expects the Internet retailer to run out of money to adequately fund its operations later this year.”
Analysts, Vendors Increasingly Wary About Amazon

Ughhhh dude.... I feel so bad for you.

I seriously hope you make some money, but you are way to emotionally invested. Amazon has no relevance whatsoever to any of these coins. Using that sort of historical comparative analysis is dangerous even when looking at similar companies. You have a major case of confirmation bias going on as do many other crypto "investors". Notice how you continually cite companies like Amazon that had major success? Why not reference the thousands of failed companies in the last 20 years?

Apple never broke into the teens for over twenty years and then surged to $700.00 a share in a matter of several. Does that mean we should all rush out and buy underdog tech stocks? Overstock.com had the exact same business model as Amazon until they got into AWS, Video, Music, etc. How many Overstock investors are kicking themselves for picking that over Amazon?

I'm not trying to crucify you here, or make you feel bad. I'm just trying to show you that you have a major confirmation bias. Best of luck with whatever you choose to do. Even if one of your flash in the pan investments happens to work don't let it get to your head, or you'll lose it just as fast.

Well Buffett doesn't really invest much in tech stocks/companies in general. The man is obviously one of the greatest investing minds ever and that's essentially because he only invests in companies he understands and believes in. Buffett not investing in a company doesn't mean it's a bad investment necessarily. It could also mean he doesn't feel comfortable about his knowledge of what that company does.

Which is, you know, how anyone should invest. Instead of trying to get rich on the next boom just research and invest in something you believe will be successful because you understand the business model and agree with the company direction.

Ortega said:

Ughhhh dude.... I feel so bad for you.

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Why? He believes in the product, and it is one of the few on the market with a solid, very well defined use case. I hope it shoots the moon, but who knows. Do the founders cash out for what they can get if it doesn't pick up soon, or do they ride it out and believe in their product as much as vGrade does?

Bitcoin fees now at 5 cents and Samsung about to sell mining hardware