Thread: RIP Bitcoin

Go Lulu.. Go Lulu!!!!!!!

Originally Posted by bsnub

Pretty fun. I just doubled on a coin. IF you want to day trade it is out there. Use BNB and prosper.

Got to love a hindsight trader.

Originally Posted by Luigi

They can't get much fookin' lower.

less than a year ago BTC was trading at ~$1,000 USD....today it's at ~11,000 USD.

i'd say it could get much fookin' lower.

Yeah, and using that logic, most likely it will go a lot higher.

^ errrr.....OK...sure...i think....maybe.

anyway, any updates on your alt coins 2018 competition?

i'd think that my 100% cash bet has me near the top of the board right now.

Funny you should ask that Ray, as I was thinking the same thing.

1st of each month I will do an update.

However, I can guarantee you, by the end of 2018, you will be last.

100%

......



Gone a bit quiet in here.....
HODL

Fookin thing crashing again.

Time to fook the thing in the bin and forget about it.


Anybody got a job going?

My brother told me to get on this 5 yrs ago and I never had the balls,pity as he has made a fortune.

Reading up on it recently the Chinese look like there cracking down ,but the investors are moving to Canada Quebec have any further info.

Originally Posted by Luigi

Fookin thing crashing again.

Time to fook the thing in the bin and forget about it.


Anybody got a job going?

it's down to 11,000 USD ? fuck that, should have hold my short

Originally Posted by Dragonfly

are you advocating communism ?

What we are witnessing is something entirely new.

It can only be loosely defined as earth friendly non-aggression.

The advent of global crypto makes this concept very possible.

Sure much of the old school government and business are going to resist and struggle, but the cat is out of the bag.

Bitcoins and associated earth friendly non-aggression is here and is irresistible with it's inherent pragmatism.

Originally Posted by Mr Earl

What we are witnessing is something entirely new.

It can only be loosely defined as earth friendly non-aggression.

The advent of global crypto makes this concept very possible.

Sure much of the old school government and business are going to resist and struggle, but the cat is out of the bag.

Bitcoins and associated earth friendly non-aggression is here and is irresistible with it's inherent pragmatism.

so what happens when utilities companies can no longer issue bonds in USD to finance their operations ? they shutdown and cut off the electricity for everyone ?

how are you going to pay or mine bitcoins for then ?

Originally Posted by Dragonfly

so what happens when utilities companies can no longer issue bonds in USD to finance their operations ? they shutdown and cut off the electricity for everyone ?

how are you going to pay or mine bitcoins for then ?

More efficient management applications are going to evolve. As we are already seeing with new companies, like Power Ledger in Australia.
The waste, corruption and greed of government and banksterism is going to have to evolve into something honest and accountable.

Originally Posted by Mr Earl

What we are witnessing is something entirely new.

It can only be loosely defined as earth friendly non-aggression.

The advent of global crypto makes this concept very possible.

Sure much of the old school government and business are going to resist and struggle, but the cat is out of the bag.

Bitcoins and associated earth friendly non-aggression is here and is irresistible with it's inherent pragmatism.

Some very interesting concepts being put forward.

Simply put, this new breed of national currencies would be backed by cryptocurrencies that are in turn backed by the actual output of a nation's industries. This network of cryptocurrencies could theoretically result not only in a natural interest rate – reflecting actual market conditions rather than policymakers' wishes – but also built-in stability, Zdralek told CoinDesk.

....

By mitigating the role of a central issuer, these currencies would compete for users in an economy driven by blockchain-enabled smart contracts that automatically trade maturing futures forward.
Specifically, Zdralek's work would require three asset types to be embedded into crypto-tokens.


The first type of currency is backed by shares representing the ownership of a factory. The second is backed by the inventory of a company, and would give users a stake in what the report calls the "stored output of that factory."


In Zdralek's concept, central bankers or other currency issuers would then create a third currency backed by a specific kind of future called a prepaid forward contract that aggregates the futures-backed cryptocurrencies.
Zdralek argued that, like with a mutual fund, this third currency could produce an extremely stable value and natural interest rate, growing the economy without the creation of bubbles. In other words, instead of value being degraded by an inflation rate imposed by the central bank, citizens who hold the currency might actually receive a return on its value – or at least would not lose it.

https://www.coindesk.com/end-of-infl...central_banks/

We would no longer have to rely on money created by banker decisions, the money we get through our own efforts would become a stable store of value; no longer that the mercy of government incompetence and banker greed.

Originally Posted by raycarey

^ errrr.....OK...sure...i think....maybe.

anyway, any updates on your alt coins 2018 competition?

i'd think that my 100% cash bet has me near the top of the board right now.

You may be right.
I believe I'll be last with my AVG (Verge) took a brutal beating yesterday.

woke up - carnage!
Bought some XLM very cheap Gone up already - NICE!

The last few days has solidified my view that - say what you want - BTC makes/breaks the market.

last couple of days dropped lots of % value (not $$ as I don't have life-changing amounts in the market) .

However it allowed me to rebalance the portfolio - to better coins (I think - those at the top of the list).

I assess my portfolio based on BTC value and its lost a bit but not too bad - so when (if!!!) BTC goes up it will be OK - IF it does.

most of you lazy bastards have probably slept thru disaster then recovery - you'll fart, wake up, fart, scratch ya balls, fart, look at your alts and think the market has just tracked along no worries, another lacklustre boring day!!

No, no, I've rather rapidly observed myself lose 140% or profit in a day, and wince as it approaches my buy in point.



And I bought in well, I'm avoiding messages from the friends I insisted buy in (at higher buy in points than me).

There's hope!



The last one hour in green.



Still, shot o' vodka for breakfast won't hurt.

Buy, buy buy!!!! No guts, no glory!!!!

Chinese new year. Crypto has gone to the dogs

the north american bitcoin conference has stopped accepting bitcoin as payment for attendance fees.

why?

because the conference organizers determined the process was "too slow, costly and labor intensive."

https://www.cnbc.com/2018/01/10/bitc...aboolainternal

Originally Posted by baldrick

Chinese new year. Crypto has gone to the dogs

Just read that.

Apparently the slaughter just before Christmas was everyone withdrawing cash to buy Christmas presents.

Now 3 weeks before Lunar New Year in China when every koont travels half way round the country to give cash to their family, this is the reason.


When's the next holiday that's gonna rack n ruin me due? Advance notice would appreciated.

Originally Posted by Luigi

When's the next holiday that's gonna rack n ruin me due?

Valentines Day? African Liberation Day?