Do you regret buying Bitcoin? With Chris Guida
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?
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
https://medium.com/@jellycommarketing/free-snapchat-followers-2018-snapchat-followers-generator-31ccee5e47ca
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 .