The other day I sat down with my friend Chris Guida, long term Bitcoin enthusiast, software developer and all-round nice guy, to discuss some questions about cryptocurrency that people had raised on the Internet.
Scroll down to watch the episode
Do you regret investing?
Firstly, do we regret investing in cryptocurrency? Both of us started buying years ago, so the answer was a clear no. However, there are many people who didn't have the good fortune to buy so early. Chris says it's likely that the crypto market will come around again - just like with a traditional market, there's a boom and bust. It's easy for a lot of folks in the media to say that bitcoin is dead and will never come back - but literally hundreds of pundits have said that before, and it hasn't stopped crypto yet.
Was it a pump and dump?
We also discussed whether the crypto bubble of 2017 was a pump and dump scheme, a manipulated effort by whales and market makers, pushing money in and loudly and taking it out quietly. Wherever there are markets, it's almost guaranteed that people are trying to work them in their favour, but in this case it's unlikely that there's one grand conspiracy to push up the price. The price, and the bubble, is a result of a lot of individual actors, buying, selling, holding, and saying the truth or saying lies about what they're doing.
Please join Chris and Kurt for a crypto exploration on this episode of Cryptonomics. Thanks for listening, liking on Facebook, subscribing on YouTube, and on BitTube, for sharing this episode, and for being cool. Stay grateful!
You can hear more from Chris on our other podcast, the Crypto Hippie Drum Circle
The Episode
You can listen to the episode on Anchor and other podcasting services here: Cryptonomics - Do you regret buying bitcoin?. Or watch on YouTube below:
I dont regret investing because during the time i've never had money until then. It was always a struggle. I got to actually experience eating normal which made me gain weight since im so under weight for my age. I didnt have to rely on the little amount of food stamps my mom and I got. And because of bitcoin I was able to socialize more with people on the internet and actually talk about something I enjoyed. Sadly most of it went away due to the price drop of everything. Thats okay thou because i've learnee so so much, and this only pushes me to come back stronger and smarter!
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I have 100% faith in BTC if we are comparing it to Fiat like USD you cannot even compare them.
BTC limited to 21000000 USD paper promissary notes lost all value the day the gold standard ended.
The only reason it holds any value today is bc we force oil deals to be sold via petrodollar in middle east. Anytime someone trys to get away from that deal our miltary steps in. Last person to try that was Saddam Hussein and look how that played out. So NO regrets investing in BTC I made everything I invested back from 9 S9 13.5TH
So if your so poor you can’t buy food why did you gamble on bitcoin instead of buying food?
Because i saw a future, and sometimes you need to tske chances to get to a better position in life, did you not?
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I know not to gamble what I can’t afford to lose.
Well we still had food stamps so its not like we were broke. I worked my ass off, just so I could invest in this. Just to be were I were. And it payed off! It wasnt gamnling what I cant afford to lose.
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Your a real fag now that I look back at this. End of discussion. Downvote me if you see this I don't care. I'll hit you back 10times harder
Wow really?
having bought since 2014, 2015, 2016, 2017... I regret nothing
I don't regret it. I did it very strategically, so even now with the huge dip, I am right around even. And I still think it will go up bit time, so I'm hodling for the win!
Right on my friend!
I don’t regret it. Crypto has completely transformed my financial life for the better. I don’t have to live the hand-to-mouth existence of fiat currency. Now I buy $25 worth every week regardless of cost and put it on the Trezor. It will pay for my retirement.
I invested 1500USD in july 2017 and had 50000USD in my account in december.
2018 I lost 40000USD.
What a ride it was !
I always say, stop buying Bitcoin and start earning it. Steem used to be the best place for new people to earn their way in. I did it myself earning my way in on Steem for years. The problem is we only had Steem and never grew a full ecosystem.
Without a real economy the industry has a center of gravity around Bitcoin and around this almost return of Christ like expectation that institutional investors will arrive to save them from their choices.
Earning crypto is what happens when crypto is used as intended. Buying crypto means crypto is nothing more than a toy for speculators. If it's a toy then don't be surprised if the price is played with just like a toy.
Damn - Well said!
If you search, you will find ways to earn ;)
Nah I’ve learned a lot and had a lot of fun. One of the first rules I was told was never invest more than you’re willing to lose.
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True. It has been heck of a ride. And it is still not over.
Good advice! 👍
That also and understanding the technology as well!
Good advice indeed... 😎
Hell no!
yeaaaaa
Most of my BTC has been mined, so I didn't bought it directly... :)
Anyway, I didn't regret money invested in mining rigs.. :)
eso es cierto
So am I. I mined it.
hello friend
I didn't because I only put money I was willing to lose, and when I cashed out I still made some money out of it.
I mostly bought some to understand how it worked, and I didn't lose anything in the process.
Firstly, do we regret investing in cryptocurrency? Both of us started buying years ago, so the answer was a clear .
I don’t regret investing in cryptocurrency, I have earned a considerate amount of profit from bounties and day trading that is already out of crypto assets & some used on my expenses.
Investing in crypto markets is risky and i’m currently invested with what i can afford to loose.
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I regret NOT buying bitcoin when I first found out about it. I regret not getting into mining sooner. I regret not taking more profit over 10k because I should have known better. A year from now I will definitely regret not buying more now. :)
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nice post i followed you
I do not regret anything
I never regret investing! The only thing I regret is holding my non staking coins as long as I have. They do nothing for me except go up and down in the market. Starting using POS, staking NEO, ONT, QTUM, and PIVX as well as mining. So now my HODLings are making me dividends. My only regret is not doing this sooner. Oh and also investing in Steem! Wish I would have started this way sooner.
I was the same, holding coins that just went down, I’ve mined so many shit coins hoping for big gains and most have gone down to £0 lol. I’ve sold alot and got ont and started staking in December..... I’m looking forward to February when I’ll see what bonus I get from it.
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I hear you bro. Held onto some way too long. I do believe that this is mirroring the Dot-Com Boom/Bust. Blockchain is here to stay. We are just waiting to see which companies will be best positioned to take full advantage.
excelente !!
Never! I even bought at 19K!
Regret? Not a bit, in fact I am using these low prices to buy more.
Look at the future, better adoptions worldwide almost daily, only 3.5 Million more to buy (17.5 Million Circulating Supply) but Billions of people/users all over the world.
I think about the potential and the price 5 years from now and I smile
I mined most of mine, but put most in to alt coins like ontology,neo where you can earn gas.(more risky but hopefully more reward i hope) :s
Gas and MCT both. Are you storing on a ledger or at Neon?
Both on my ledger
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The wild swings we experienced in 2017 was caused by mixed sentiments of market participants with crypto regulations, exchanges coming in, institutional investors, crypto hacks and more. However, blockchain technology will stay even for the future generations.
You are correct.
maybe a little.
but its all been a learning curve.
Yes of course
First let me say good article. I am not sure if it was pump and dump. It seems that ICO's became the in thing. So a lot of people jumped in looking to get rich quick. AS a result you hada lot of poorly conceived ICO's as well as straight out Scams taking advantage of the craze. This mudded the water. The market has now adjusted just the Dot-Com boom years ago. Blockchain tech is not going anywhere. Bitcoin will still be around in some form. But which company will emerge as the Amazon of the Blockchain? That is the company we should all be on the look out for.
Secure your freedom with a crypto trust! You don't have to pay taxes on every transaction!
https://www.securedservicesco.com/crypto-trusts/
I know what do you mean by that!
Even I know so many people that watched me buying bitcoin at $3000 by the time it when up to $8000 all of my friends said we should have bought too!
But at the end majority of them end up buying bitcoin at $15000 and some of them held to it some of them sold on the way down.
Me my self I believe in crypto and I`m gonna be the future investor in crypto too!
Every of us should understand the difference between market fluctuations and the development of digital investment processes.
If the time of Crypto gone, we should enter the other field of investing.
For now on, the digital asset is a most perspective one.
https://u.to/ywePFA
To some extent I do. Entering the crypto space, especially from around 2012, was all about pump and dump which I personally wanted to make major gains from, but when you look at the future of cryptos and the blockchain, it becomes bigger than that when see how unsustainable the global financial system is at the moment. Roughly $233.5 Trillion in debt, and to who??? That's why, currently I have no regrets because blockchain, bitcoin and other cryptos can change the future of how we operate and manage things better.
very well put! That's the reality, 233.5 trillion in debt. Trillions.... but very few are seeing it.
in investment matters ... all possibilities are there ... because we don't know ... what will happen in the future ... but if we invest just obey the trend that is happening ... regret must be ... . thank you
A trust-less p2p monetary system based on the Austrian economic model is exactly what the earth needs.
We earthlings are more than ready to discard the ages of government monetary corruption.
Bitcoin is the dawning of the age of Aquarius.
We are witnessing the truth and reality of pure mathematics.
Cheers. A.
Congratulations @cryptonomics1!
Your post was mentioned in the Steem Hit Parade in the following category:
Интересный пост. Стоит изучить тему
Nice idea
Hello @cryptonomics what you say what will happen to bitcoin in this year it good for bitcoin or just like 2018
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Nice, you got an awesome upgoat, thanks to @churdtzu
BuildTeam wishes everyone a bullish new Year!
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that goat looks a lot like a cat.
I think that there are always risks in everything. then investing in crypto is a very good thing if we do it with intelligence and with some luck. but I do agree, greetings
I started with bitcoin when it was still around $600, sold 1 Bitcoin for about $6000 last year october. Well I definately do not regret buying it, as it made me profit! Now we start all over again, and currently gathering NEO, ETH and AMBR (ofcourse!) ! Upvoted!
is amazing
hello
Awesome your picture
This post is supported by $30.0 @tipU upvote funded by @churdtzu :)
@tipU voting service guide | For investors.
NEVER! NEVER! NEVER!
I love crypto.
I see
bitcoin will boom again ..it takes a time
Buying mostly vechain and icon these days. The vechain community is much better though, icon people are depressing af
Nice info
Thanks for the compliment
i take the risk jajaja!!!
Am with you.
wow awsome
yea
Well crytocurrency like any other money market is bound to go up and down. but the rule of the game has always been to cut your coat according to your clothe..
I don't regret it. I did it very strategically, so even now with the huge dip, I am right around even. And I still think it will go up bit time, so I'm hodling for the win!
We can't regret it, we hope for better tomorrow
Good video i mined my bitcoins in cloud mining but doesnt work for much time
How can I start mining?
I never regret it！
We can't regret it, we hope for better tomorrow
No regrets. Just wainting for next run. ;D