Current Events > Are you an idiot if you buy a bitcoin now?

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FFVII_REMAKE
11/28/17 12:08:37 AM
#1:


Are you an idiot if you buy a bitcoin now?



Imagine spending close to $10K just for one bitcoin. Are you an idiot if you buy one at this point?
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Turtlebread
11/28/17 12:09:21 AM
#2:


what if it goes to 1 bajillion per btc
then youll look hella dum fam
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#3
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FFVII_REMAKE
11/28/17 12:20:55 AM
#4:


Forgettable posted...
The thing with bubbles is that nobody knows when they'll pop


Why do crypto users say its not a bubble and that bitcoin will sustain past $100K+? Yet investors say its a bubble but redditors call them old farts that have no clue about crypto.

So is it a bubble or not?
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XplodnPnguins92
11/28/17 12:24:45 AM
#5:


you don't have to buy a whole coin.
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ChemicalX
11/28/17 12:25:23 AM
#6:


It's not a bubble unless the govt steps in, which is actually likely because they want to keep the monopoly on the national currency.
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#7
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josifrees
11/28/17 12:29:17 AM
#8:


If it isnt a bubble its some magic unicorn because capitalistic cycles crash everything
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DemonsHoles
11/28/17 12:32:33 AM
#9:


it will become the world currency someday worth millions per coin and you will all have to explain to your grandchildren why you didn't buy any when it was at a meager 10 grand
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#10
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Manocheese
11/28/17 12:37:20 AM
#11:


"You're a fool if you buy a bitcoin for $30. Don't you know they used to be worth $1?" - people a few years ago
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ScottSweatshirt
11/28/17 12:39:06 AM
#12:


I have a feeling celeberties are buying these freely and driving up the prices, they have money to blow and the financial advisors probably convinced them to invest. Leonardo Dicaprio probably is sitting on a few
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Kaname_Madoka
11/28/17 1:24:38 AM
#13:


Now? Yes. When the price drops a bit? No.
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FFVII_REMAKE
11/28/17 1:49:22 AM
#14:


People are forgetting that any money you put into crypto is essentially money you dont need. I'm going to assume most people need $10K to survive.
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Pitlord_Special
11/28/17 1:52:03 AM
#15:


5 years ago a bitcoin bought you a pizza
Today it buys you a car
5 years from now it will buy you a house
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UnholyMudcrab
11/28/17 1:53:39 AM
#16:


Pitlord_Special posted...
5 years ago a bitcoin bought you a pizza
Today it buys you a car
5 years from now it will buy you a house

Bitcoin doesn't buy you anything because nobody actually uses it as currency anymore.
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chrono625
11/28/17 3:01:30 AM
#17:


Pitlord_Special posted...
5 years ago a bitcoin, once converted to cash, bought you a pizza
Today it buys you a car, once converted into cash
5 years from now it will buy you a house, once....converted into cash


So bitcoins only worth is when it's made into the currency people think it's going to succeed?
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cerealbox760
11/28/17 3:03:42 AM
#18:


chrono625 posted...
Pitlord_Special posted...
5 years ago a bitcoin, once converted to cash, bought you a pizza
Today it buys you a car, once converted into cash
5 years from now it will buy you a house, once....converted into cash


So bitcoins only worth is when it's made into the currency people think it's going to succeed?

Yes. Thats how it always works. Thats how the stock market works too. Theres nothing logical. Everything runs on hope.
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Lost_All_Senses
11/28/17 3:05:04 AM
#19:


I only have 0.02.
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There will always be exceptions.
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LethalAffinity
11/28/17 3:26:58 AM
#20:


FFVII_REMAKE posted...
Imagine spending close to $10K just for one bitcoin.


No, don't do this. Just buy a little at a time and study the market.
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DragonMaster525
11/28/17 3:31:43 AM
#21:


cerealbox760 posted...
chrono625 posted...
Pitlord_Special posted...
5 years ago a bitcoin, once converted to cash, bought you a pizza
Today it buys you a car, once converted into cash
5 years from now it will buy you a house, once....converted into cash


So bitcoins only worth is when it's made into the currency people think it's going to succeed?

Yes. Thats how it always works. Thats how the stock market works too. Theres nothing logical. Everything runs on hope.


No, the stock market is completely logical. it is based on expected earnings vs actual earnings when compared to expected market conditions to actual market conditions.
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FFVII_REMAKE
11/28/17 11:30:36 PM
#22:


LethalAffinity posted...
FFVII_REMAKE posted...
Imagine spending close to $10K just for one bitcoin.


No, don't do this. Just buy a little at a time and study the market.


Well I bought a very small fraction of bitcoin and ETH and have a few full amounts of some cheap altcoins.
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