All memes aside, do you guys actually make money off crypto?

I'm the person who posted my plan for bitcoin in this thread: warosu.org/biz/thread/S10557451

I've given back hundreds in profit by being wrong. No big deal compared to the amounts other people make or lose trading though. Gotta put things in perspective, re-assess the situation, make more plans/assumptions, then do it again.

Updating what happened.

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Alts are overpriced.

Also remember whe have been on a 2 year bull market. So don’t be surprised about the 8 month downtrend we currently have. I expect we still have 1-2 months of bear before we gonna start having a slow climb up again. And we probably gonna go parabolic again mid 2020

Most are. Also I am surprised some are even worth more than 0$ since most are absolute jokes. But a few are extremely undervalued.

Do you think fresh normie money will be getting into the market in 2020?

Next year we will see some actual use cases and adoption by big companies using blockchain. Most of them won’t use crypto currency but a few projects that rely on game theory will, so they need some sort of own currency for their system. This will make crypto be seen as an actual serious asset class. And of course normies will be late to the game again and will get burned again in the next parabolic move after all this has happened. But I think crypto will move to an more corporate and not so open anymore asset class. I expect not a lot of open ico’s but more for large 1M+ investors, and no open communication anymore in twitter and telegram. A lot like how current tech companies communicate.

So i suggest you do a lot of research in currently existing block chain projects wich rely on game theory and thus have an cryptocurrency that big tech companies are partnering with or are working on projects together. Because crypto will not be so public anymore for long and it will be a lot harder to get in early in most projects within a year.

The only real gains I made in crypto:

-buying 2k usd worth of PFR for 0.03 and panic selling at around ~0.15, then see it shoot up to 0.50 in like two days time.
-buying 2k usd worth of INT for ~0,30 and selling at 1.00.

>Hodl

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Are we gonna make it or are the Moneyburgs right?

I've been mining since 2012-ish., and never invested a single cent outside of hardware.

I predict an altcoin shoah. So buckle up.

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What do you think is going to happen?

From a mining perspective:

The big boys will fall first.
They need a crypto-to-fiat turnover.
A big pile of processing power will be absent.
Transaction will be queued, lowering popularity.
Many shitcoins will be untradable, due to a dead blockchain.
Investors will back out, value will diminish.
Governments will step in to deliver the killing blow.

Governments want the monopoly over currency.

I got in to btc and eth around September 17 and got out after the initial dip of January 18. Sold eth around 1100. So yea I made some money. Now I'm a 2k link hold just for moon potential as suicide insurance.

And bitcoin?
I am about to do the same. I think I'll be $300 in though.

Don't pay attention to any of these guys, they're just shilling their own currencies in an effort to get people to buy them so their shit can go up in value and they can then sell them at a profit.

This whole board is basically sanctioned spam. The only reason Jow Forums allows it is so it doesn't spill over to other boards. But make no mistake, these people are Nigerian Princing the fuck out in here.

Now watch them call me every name in the book. In fact this post will probably get deleted...So this is all a giant waste of time.

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Why do you hate money?

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Why the stupid image?

Imo Bitcoin is just a beta product. It takes a lot of power to mine with hardware that has hardly any resell value, like an Asics, and it is here where many of the big boys will fall.

Some projects have potential looking at the current political climate. Steem, Minds, Substratum, StorJ or equal .. all have a clear and solid usecase. Shitcoins like Verge to buy porno .. which is already free .. not so much.