LogFAQs > #952198617

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Topic	Cryptocurrency is amazing. Can't wait for the day that it's mainstream
ssjevot 03/28/21 4:08:34 AM #28:	1337toothbrush posted... Exactly. It's because the actual utility doesn't matter. These folks come crawling out of the woodwork whenever the price of bitcoin of bitcoin is high, then they crawl back when it inevitably crashes again. If the utility was what mattered, bitcoin would be the "main" cryptocurrency. It's just a get rich scheme and bitcoin benefits from name recognition. Oh I know. I have made a lot of money speculating on crypto, but the utility is absolutely in no way related to the price outside of psychological aspects influencing speculation. A great crypto project will function just as well at any price point, and if it is meant to be used as a currency it should ideally be a stable coin. I really dislike the weird cult like shilling because a lot of times these people aren't even trying to get rich. They're literally volunteer bag holders trying to recruit more bag holders to the fold. If the concept of "HODL" makes sense to you, congratulations, you're a bag holder. I bought Bitcoin at $500 and sold it at $17,000. Do I regret it? No, because I then bought more at $3000 and sold it at $48,000. Most of these people bought at or near the all time high and will hold through a loss instead of any kind of rational strategy because "future gains" or "it's about the tech". It's just psychological coping for having been on the losing side of a zero sum game. --- Favorite Games: BlazBlue: Central Fiction, Street Fighter III: Third Strike, Bayonetta, Bloodborne thats a username you habe - chuckyhacksss <cite>ssjevot posted [p:952198617] in Cryptocurr... [t:79369882]...</cite> <quote>1337toothbrush posted... </cite> <quote>Exactly. It's because the actual utility doesn't matter. These folks come crawling out of the woodwork whenever the price of bitcoin of bitcoin is high, then they crawl back when it inevitably crashes again. If the utility was what mattered, bitcoin would be the "main" cryptocurrency. It's just a get rich scheme and bitcoin benefits from name recognition.</quote> Oh I know. I have made a lot of money speculating on crypto, but the utility is absolutely in no way related to the price outside of psychological aspects influencing speculation. A great crypto project will function just as well at any price point, and if it is meant to be used as a currency it should ideally be a stable coin. I really dislike the weird cult like shilling because a lot of times these people aren't even trying to get rich. They're literally volunteer bag holders trying to recruit more bag holders to the fold. If the concept of "HODL" makes sense to you, congratulations, you're a bag holder. I bought Bitcoin at $500 and sold it at $17,000. Do I regret it? No, because I then bought more at $3000 and sold it at $48,000. Most of these people bought at or near the all time high and will hold through a loss instead of any kind of rational strategy because "future gains" or "it's about the tech". It's just psychological coping for having been on the losing side of a zero sum game. --- Favorite Games: BlazBlue: Central Fiction, Street Fighter III: Third Strike, Bayonetta, Bloodborne thats a username you habe - chuckyhacksss</quote> ... Copied to Clipboard!
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