Bitcoin about to Pop

[pErvinalia]

You can't have it both ways. You can't claim bitcoin investors are clueless and smart at the same time.

[rainbow]

Oh yes I can.

There are two kinds of investors. Those that get taken in by the hype and loose their money.

Then there are those that create the hype and make lots of money.

[pErvinalia]

Yeah, but the majority are the former. I reckon a short sell could be good for at least 30% gain, and possibly more. I take 10% commission..

[mistermack]

Oh yes I can.

There are two kinds of investors. Those that get taken in by the hype and loose their money.

Then there are those that create the hype and make lots of money.

Oh right. I wish I'd been taken in by the hype five years ago.

[rainbow]

Oh yes I can.

There are two kinds of investors. Those that get taken in by the hype and loose their money.

Then there are those that create the hype and make lots of money.

Oh right. I wish I'd been taken in by the hype five years ago.

OK, if you don't believe that you're smart, then we'll just have to agree.

[mistermack]

Oh yes I can.

There are two kinds of investors. Those that get taken in by the hype and loose their money.

Then there are those that create the hype and make lots of money.

Oh right. I wish I'd been taken in by the hype five years ago.

OK, if you don't believe that you're smart, then we'll just have to agree.

I'd rather be lucky than talented any day.

[pErvinalia]

This could be big for cypto. Once institutional gamblersinvestors move in, crypto will go mental. https://steempeak.com/crypto/@jrcornel/ ... nto-crypto

[rainbow]

Pump and Dump.

[pErvinalia]

Sure, but pump and dumps get repeated, and they go higher each time. Ride the bigger trend, not the rollercoaster in between.

[rainbow]

The trend seems to be very much downwards.

[Jason]

I'm mining at a loss and have been for about a month.

[pErvinalia]

Yeah, been a solid downward trend. Need those institutional investors to prop it up.

[JimC]

Are you major miners or minor miners?

[Jason]

Minor. I have $4000 in hardware that still has to pay for itself.

[Hermit]

Yeah, been a solid downward trend. Need those institutional investors to prop it up.

Not gonna happen. The keyword is "institutional". Until crypto currencies become institutionalised - that is to say until they are integrated into and controlled by the establishment - there is no incentive to prop them up.