i just bought 100 dollars in bit coin stuff, now what?

[endimion]

HoloDust said:

Slownenberg said:
bitcoin has nearly 3.5x'd this year in just over 7 months. Every time someone tries to tell people interested in investing in it that they will lose all their money I just feel awful for both the person giving the bad advice and the person who might be swayed by it.

There is a reason why "greater fool theory" is called that way.

Bitcoin is currently in its Mania phase on diagram, that's the reason why it's gaining so much "value". But, it's just another bubble.

Now, as somone who profited in life from some bubbles, I'm really entertained by people saying that something will just keep rising, especially when certain something shows all the signs of bubble.

But as I said, some people will get very rich (many already have), and many, many others will loose a lot of money.

Chrizum said:

Made over 100k investing in cryptocurrencies (mostly Ethereum and Bitcoin) in less than a year. Not saying I wasn't a little lucky with my timing, 'cause I was. But still, cryptocurrencies aren't going to disappear all of a sudden, there is a lot of future in blockchain technology. Many financial and tech-related companies are already heavily invested in it.

There is future in blockchain, it's just not Bitcoin and all other private unregulated currencies (not that any of them are currency to begin with).

Something like FedCoin/BitDollar will come and then that will actually be money.

Hum true but false... it's nowhere close to the mania phase... the volume traded are still ridiculously low.... it's anything but mainstream... yeah sure it behaves like a buble... but ask the next 100 people what bitcoin is. Compare to the dotcom or housing or tulip bulb bubles we are still miles away... it will pop sure but it's far from the mania phase...

 

Nope fedcoin or gov control crypto will mever succeed or at least take the spot of decentralized crypto... cause it's not up to said countries... if me and my friends decide to trade in VGcoins that's a thing.. not up to gov or any regulatory bodies legal or not.. they'll have zero control.... at least outside of the mainstream noobs.. they'll always be ten step behind...

Then the future of blockchain is not straight up currency, but true commodity such as smartcontracts and the likes... 

Anyway there is still much room from cryptos before it trully burst and stabilize... but it'll never be controlled... not like anything so far... and it will have true applications eventually... the dotcom buble bursted but you still had blockbuster dotcoms after the implosion.nn amazon, yahoo, google, and many more still made millions for the people that stayed on board... heck amazon is still pretty much a buble in itself