Cryptocurrency - a few tips from an old hand

God damn I'm not going to be able to afford my drugs now!
 
BITCOIN

REVOLUTIONARY

BITCOIN

BLOCKCHAIN

BITCOIN

NEW ERA

BITCOIN

NOT A BUBBLE

GOING TO 100K a COIN PER SOME RANDOM GUY WHO LIVES AT HOME WITH PARENTS

Every single publication and dimwit for the past 2 years.
 
1 Bitcoin equals
7540.01 US Dollar


The economist credited with predicting the 2008 global financial crisis said a 12% fall in the value of bitcoin on Friday was the latest proof that the cryptocurrency was the biggest bubble in history and destined for a crash.

Nouriel Roubini, professor of economics at New York University, said bitcoin was “the mother of all bubbles” favoured by “charlatans and swindlers” as it fell below $8,000, marking a 30% drop since the beginning of the week as investors became increasingly twitchy about a clampdown on cryptocurrencies by regulators.

https://www.theguardian.com/technol...story-says-economist-who-predicted-2008-crash

You guys can tell your kids how you were taken by the biggest con of our time.
 
Btc Price just jumped from 7600ish to 8500ish in the span of 15 minutes. I'm no groundhog expert , but how is that not clearly a sign of some sort of artificial manipulation , or at the very least that one or very few entities are creating these weird swings?
 
Nik123 said:
Since 2013? I bet you’re a 6 ft 4 ladies man too Mike.

Bitcoin side chain? Have you even looked into their use cases even a bit?

Moron.
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Lol i lost money on mtgox. You wanna see the legal letters i got from tokyo? Lol like its even hard to believe a programmer would be interested in digital currency

You sound upset. maybe you need to research more. Start with rootstock. Dont know what else to tell you, but it sounds like you really dont know shit about side chains.

if you can explain to me the differences between running an ethereum clone on a side chain and ethereum then I am more than willing to listen. BTW, have you created any smart contracts? I have started making some in solidity.


the extreme vast majority of alts dont need to be alts and can be side chains. Certain ones like monero and WTC likely couldn't be but I would not be surprised if they could
 
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mike sherry said:
The most likely outcome of the upcoming bubble bursting (if it's not already started) is that all the shitty alts will die off completely. I don't see a single alt worth owning in OP...

Meanwhile I've got my lightning hub up and running.
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Not even power ledger?

I'm from the country that launched it and I have no doubt that there's a massive market for its product here. We've been facing an energy crisis here due to political bickering turning off investors. No one wants to spend on big fossil fuel or green systems because the right or the left will slash incentives when they get into power.

We pay a shitload for our electricity and the vast majority of us get 2/5ths of 5/8ths of fuckall when we sell it back to the electrical companies from our solar.

Except for a small amount of people who got in early when the government was forcing the power companies to actually pay a decent amount for their electricity, like 3% of the people have solar . Those people make a fucking killing. I know a few of them, all of which have massive solar systems on their roof generating 2-5k per year.

Sounds crazy huh?

If you've never been here in summer it's almost impossible to understand but it's like there's a completely different sun in my country. My girlfriend works with a Sudanese woman who went to the doctor feeling sick only to find out she was sun burnt. She didn't know what it was. Lived in Sudan and had never been burnt in her life until she came here. Combine that sun with high prices for electricity and you have money for nothing.

Only problem is most of us who have solar didn't get it before the government mandate on pricing ran out. So you get fuckall. Power ledger is going to be huge here.

We already have more solar panels on our roofs per capita than any country on earth.

Power ledger has a market cap of 238million. Origin Energy is 13.41 billion.
 
Just imagine the loss some of the long term holders are experiencing. Some lives are being changed and not for the better.

Truth is Bitcoin is a dinosaur. The fees are high .. transactions take long. What gives it value is that it was the first. It will always have value because of that but anyone who thinks it will ever reach 100K are nuts. It was way over priced to begin with. I doubt you ever see 15 - 20 K again. Alt-coins are going to be taking a bigger share of the market once all the dust settles.
 
MRDOG said:
Just imagine the loss some of the long term holders are experiencing. Some lives are being changed and not for the better.

Truth is Bitcoin is a dinosaur. The fees are high .. transactions take long. What gives it value is that it was the first. It will always have value because of that but anyone who thinks it will ever reach 100K are nuts. It was way over priced to begin with. I doubt you ever see 15 - 20 K again. Alt-coins are going to be taking a bigger share of the market once all the dust settles.
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Assuming of course Lightning Network is a flop. Let’s not forget BTC has a dev team. It’s not just sitting there like Doge.
 
SwamiLeoni said:
Assuming of course Lightning Network is a flop. Let’s not forget BTC has a dev team. It’s not just sitting there like Doge.
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Doge was made as a joke. It already became more then what it was meant to be.

FunFair looks like it could be promising and its cheap. I got in at 11 cents. With this downswing its down to 6 cents.

Gambling related so there is market for it.
 
MRDOG said:
Just imagine the loss some of the long term holders are experiencing. Some lives are being changed and not for the better.

Truth is Bitcoin is a dinosaur. The fees are high .. transactions take long. What gives it value is that it was the first. It will always have value because of that but anyone who thinks it will ever reach 100K are nuts. It was way over priced to begin with. I doubt you ever see 15 - 20 K again. Alt-coins are going to be taking a bigger share of the market once all the dust settles.
Click to expand...

I really don't feel bad for them. They were fucking greedy. If you weren't selling around 15-20 k you are fuckin greedy. Assuming you bought it before it got that high.

Steve Wozniak is an example of somebody who isn't fucking greedy.

For bitcoin enthusiasts, it's been a tense few months watching the price of the cryptocurrency rocket to shocking highs and crash to worrisome lows.

But not for Apple co-founder and bitcoin-curious Steve Wozniak. That's because the inventor bought bitcoin when it was trading at $700 and pulled out at just the right time.

"I remember getting interested in bitcoin some time ago," Wozniak told CNBC in 2017. "It was $70 for a bitcoin, man and I went online and you had to have a special bank account at a special bank and I couldn't buy any bitcoin so I gave up. Eventually I got some of them at the $700 stage...."

https://www.cnbc.com/2018/02/02/apple-co-founder-steve-wozniak-on-selling-bitcoin.html
 
MRDOG said:
Doge was made as a joke. It already became more then what it was meant to be.

FunFair looks like it could be promising and its cheap. I got in at 11 cents. With this downswing its down to 6 cents.

Gambling related so there is market for it.
Click to expand...

Yea, I know all about Doge. My sister gave me some for Christmas as a joke.

I’ve been eyeballing FunFair for a while. I think Blockchain is a perfect use case for Online Casinos. I also think $.06 could be a decent deal considering it hovers around $.12 when the markets healthy like you mentioned.
 
Cryptocurrency in general needs to be easier to buy. All this sms verification / send in ID and documents stuff is over the top. Wasn't one of the main reasons for cryptocurrency, privacy ?

I used coin base 3 times before my credit card / bank put a stop to it. Everything is one sale and I can't buy.
 
SwamiLeoni said:
Yea, I know all about Doge. My sister gave me some for Christmas as a joke.

I’ve been eyeballing FunFair for a while. I think Blockchain is a perfect use case for Online Casinos. I also think $.06 could be a decent deal considering it hovers around $.12 when the markets healthy like you mentioned.
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It is looking good at 6 cents but just about every alt coin is looking good atm. Money to be made if / when the market settles back to normal. I only have 900 fun. If my credit card let me I would have already bought more.

I got some crypto but not allot.

900 Fun
170 ripple
11100 U.Cash ( Ico finished 50/50 this might be a scam )
550 of legitcoin ( currently in ICO, I got the coins for free. They claim that one legit will be worth $70 come later this year ) looking scammy also.
250 sphere ( currently in ico )

And a few hundred of doge.
 
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im getting slaughtered in the regular market. bad day for stocks.
 
Before you freak out and decide to sell your crypto, ask yourself who is buying it from you and why before you hit the sell button...
 
Thunderchild said:
Before you freak out and decide to sell your crypto, ask yourself who is buying it from you and why before you hit the sell button...
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I saw on a report on North Korea and it surmised that they were behind some cryptocurrency thefts...
 
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Cid said:
Not even power ledger?

I'm from the country that launched it and I have no doubt that there's a massive market for its product here. We've been facing an energy crisis here due to political bickering turning off investors. No one wants to spend on big fossil fuel or green systems because the right or the left will slash incentives when they get into power.

We pay a shitload for our electricity and the vast majority of us get 2/5ths of 5/8ths of fuckall when we sell it back to the electrical companies from our solar.

Except for a small amount of people who got in early when the government was forcing the power companies to actually pay a decent amount for their electricity, like 3% of the people have solar . Those people make a fucking killing. I know a few of them, all of which have massive solar systems on their roof generating 2-5k per year.

Sounds crazy huh?

If you've never been here in summer it's almost impossible to understand but it's like there's a completely different sun in my country. My girlfriend works with a Sudanese woman who went to the doctor feeling sick only to find out she was sun burnt. She didn't know what it was. Lived in Sudan and had never been burnt in her life until she came here. Combine that sun with high prices for electricity and you have money for nothing.

Only problem is most of us who have solar didn't get it before the government mandate on pricing ran out. So you get fuckall. Power ledger is going to be huge here.

We already have more solar panels on our roofs per capita than any country on earth.

Power ledger has a market cap of 238million. Origin Energy is 13.41 billion.
Click to expand...

Don't waste your breath on that guy. It's very easy to talk smack without presenting any credible alternatives or doing your own in depth research. You can tell from every word the guy is a dripping wet noob who just heard of crypto last week - guaranteed.

Good to hear your thoughts though - I agree Power Ledger is a solid pick for the long term - good team, superstar CEO, industry connections, and a real world need with a business model to address said need. So as most people who research will tell you - it has a strong use case.

Good points sir - I salute your post.
 
MRDOG said:
Cryptocurrency in general needs to be easier to buy. All this sms verification / send in ID and documents stuff is over the top. Wasn't one of the main reasons for cryptocurrency, privacy ?

I used coin base 3 times before my credit card / bank put a stop to it. Everything is one sale and I can't buy.
Click to expand...

Agree. Ethos is doing exactly that - making cryptocurrency easily accessible to the masses. Once granny can invest in diversified baskets of cryptos with 1 click...watch out, you've got a monster on your hands. It's a great price to get in (once you do your own research on the team, use case, whitepaper etc).
 
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