Cryptocurrency and Perception of Value by jacobcards

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cryptocurrency · @jacobcards · Jan 6 '18 (edited)

$20.13

Cryptocurrency and Perception of Value

# Perception of Value
Perception of value is something that everyone incorporates in their every day life practically every minute. Every-time you purchase a drink, every time you go to the store, every time you pay rent, it involves perception of value. When you work and your wage is paid hourly, perception of value. How well you perceive value is a pretty important trait in life. It is difficult, even for myself, to break poor spending habits, or in business, properly analyze cost benefit. Perception of Value is something we all can work on. 

# Apply This to Cryptocurrency

It is extremely difficult to properly perceive the value of a cryptocurrency token. The reason I say that, is a lot of these projects will be reduced to their original market cap values after raising 1000's of %'s months prior. This is dangerous. Yes people are making a lot of money. Hey im all for it, pay off your debt with those crypto profits! I just fear for the ones that are going in debt buying the stuff rather then paying it off selling it. Credit cards and coinbase can be a deadly combination for the masses.

What will happen come 2018? People think Bitcoin is going to eat the earth with no outer force to stop it. No gravity. Who knows maybe they are right! I fail to believe so however, true speculation tends to be where the masses aren't. Best be prepared for anything!

👍 slowwalker, jacobcards, creatr, matthewdavid, david777111, koshin, alexmavor, fiserman, magicstone1412, blazing, shaz, atbrittain, cityslicker, cutiepie, starboye, btccurrency1, technological, twentix, fityan, konelectric

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@alexmavor · Jan 11 '18

@jacobcards you are completely correct man!

Cannot wait to meet up in NYC!

Check out latest ep of Crypto Nights on my profile n let me know your thoughts.

Alex

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@atbrittain · Jan 6 '18 (edited)

My honest fear for cryptos in 2018? That govt will try to kill it...

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@blazing · Jan 7 '18

don't  go in debt play with profits and take out your capital first

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@cityslicker · Jan 7 '18

this year will be of cryptos which have a use otherwise all fail

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@creatr · Jan 6 '18

The real kicker comes when the value rises and then emotionally you perceive the asset to be its peak value. Then when you go to sell and get a mere fraction of that, you're crushed.

😄😇😄
<a href="https://rebrand.ly/3d97" target="_blank">
  <img src="https://steemitimages.com/DQmWvzuqZ51DoiSjXXf8bukb7JeeVV1eAJJhGBkDiYc8ajj/creatr_ap.gif" alt="@creatr" style="border:0;">
</a>

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@cutiepie · Jan 7 '18

we better be prepared for every out come time will tell :)

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@darkerhorse · Jan 6 '18

i guess crypto is just starting out so there is room for more gains before realistic corrections, i mean everyday there are new first time lnvestors and then that fuels the price.

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@kevaton · Jan 6 '18

Bitcoin was launched with an escape velocity, not even gravity can bring it down . This hard fact is lost in the perception of those trying to fight bitcoin with bans.

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@konelectric · Jan 21 '18

Hey @jacobcards. I remember you were having problems login into your openledger (passwork wrong). Me too. My password magical started working again. Try it and let my know

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@matthewdavid · Jan 6 '18 (edited)

I agree with you that it's excellent to be cautious, while still taking action. 

The action of paying off, or paying down, debt is an excellent action. I am in the process of doing that. I will feel so much better once that debt is gone!

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@starboye · Jan 7 '18

Credit cards and coinbase can be a deadly combination for the masses i think this would be an epic idea if get implemented

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