Crypto currencies

[Steve]

The whole field of ICOs are very scammy. That's not the problem. This price dive was expected. It happens all the time. Human emotion drives the prices and its quite a predictable cycle. And I bet my balls this is what it will look like after the dust settles:



A lot of the price dives starting with China banning ICOs. They did that because the couldnt regulate it. And there were and still are so many ICO scams. I dont think banning ICOs was the answer though. Anyway people saw the word "banned" and they panicked. And from there, was a lot of stupid little news stories that spiralled out of control. Like the word "regulations", and people panic. Regulations for finance are good, not bad. Otherwise you get all sorts of scams gone wild. But over-regulation leads to things like the federal reserve, and global slavery. There needs to be middleground.

Overall I think the move towards digital everything is a trojan horse. It will be used for nefarious purposes - already is. It's not just digital money, its control. That's another story.

[Steve]

For future reference, here's bitcoin today. Let's see how it goes compared to the dot-com bubble chart:

[Frostseeker]

And do you have statistics where correctly shows? And then everyone is different.)

[ati]

Are you investors enjoying the recent gains? 

Two weeks ago my portfolio was at -55%, today it is -19.8% 

Still a significant loss, but I'm happy to see something positive finally. Anything I try for an extra income online, I lose money. I hope this year will be different. I envy those who could turn a few grand into a million last year, I'd be happy to 10X my investment.
My top three investments at the moment are Credits, Wanchain and Wepower. Too bad I was expecting WAN to drop to $2, so I only bought a little at around $4.
The biggest losers are Telcoin (still -67%  ), Bitdegree and Trinity.

[Bigbroben]

Unlike stocks or currencies, digital coins are very speculative...
You're pretty much betting more and more people are going to use them and govt are going to let this happen.

Stocks, however overvalues they are, do propose some fundamentals to start from.  I try to get a ratio  market value/ book value 1/1 or near it.

Currencies are now digital currencies, but different than crypto in the sense they are commonly agreed upon.

So you bought bitcoin early 2016?  You are as happy as can be and swear only by cryptos.
So you bought bitcoin early 2018?  You are as mad as can be and swear to god this is bs...

If I had bought a stock at price/value of 1,x, and is now 50% lower, it is an even better deal!  whereas cryptos half the price might suggest the hype is gone.

The hype in cryptos is just another delay until the hype of precious metals rages in again.

Gold and silver: it all comes down to this: the real money.

[ati]

We will see. I'm very confident that the crypto market will keep growing. If you follow the news, you see that more and more major companies announce that they are planning to use blockchain technology. Also, the US and EU governments do not want to ban crypto, they just want to regulate it. With only a 400 billion dollar market cap, investments can be risky, but no other investment have this kind of return.
I personally hold very few bitcoin, and I'm not even sure what to think about it. Many people think that bitcoin is the king, but I'm leaning towards the group who says that bitcoin is useless. It has no purpose, slow and expensive. I think once people will be able to buy tens or hundreds of different altcoins with fiat currency, bitcoin will no longer move the market and its market dominance will plummet. It will likely happen in Q3 or Q4 this year. But I'm no expert.