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Thread: RIP Bitcoin

  1. #8201
    disturbance in the Turnip baldrick's Avatar
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    the expert is around , but not gracing us with its wisdom

    RIP Bitcoin-fluffer-trigger-png
    Attached Thumbnails Attached Thumbnails RIP Bitcoin-fluffer-trigger-png  

  2. #8202
    Thailand Expat raycarey's Avatar
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    Quote Originally Posted by Edmond View Post
    14k usd
    Quote Originally Posted by Edmond View Post
    15k
    Quote Originally Posted by Edmond View Post
    16k
    Quote Originally Posted by Edmond View Post
    17k USD
    Quote Originally Posted by Edmond View Post
    18k usd
    Quote Originally Posted by Edmond View Post
    19k usd

    why did the updates stop?

  3. #8203
    Praise Jesus
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    Easy come easy go.

  4. #8204
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    Back in Dec 2017, when BTC hit (almost) 20k, there were close to 100 pages on Teakdoor discussing the pros and cons of owning some, with many saying they were "Hodlers".
    The other day, it just broke that record high (by a tiny bit) and seems to be holding on to near record highs.
    Yet nothing on this thread.
    ???
    Is there another thread here that took over the discussion?
    Or did all of you Hodlers sell?
    Am I the only one still enjoying the ride or ????

  5. #8205
    Thailand Expat lom's Avatar
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    Quote Originally Posted by fiddler View Post
    Or did all of you Hodlers sell?
    Their silence speaks loud

  6. #8206
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    ^^ looks like dragonfly's been cock-blocked and dillinger's flounced in a hissyfit.


    Quote Originally Posted by fiddler View Post
    holding on to near record highs.
    4k to 20k, It's definitely been a good year.

  7. #8207
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by lom View Post
    Their silence speaks loud
    Let's have some confession then...after throwing money at everything from btc to shitcoins in the early days, am now hodling xx. btc with zero interest in alts, and position moved from hugely behind to near breaking about even overall.

    Is that a good result? Sure it is, a blinding result, because that includes a lost paper wallet containing x. btc, a hack last year that emptied xx. eth from its wallet (posted), >$500 of coin mistakenly transferred to a contract address (ie still there but untouchable, I think posted), and a split second fast on the trigger confirming xx. eth/btc with the dot moved one over.

    Some costly blunders and some very costly, but no use whining because the first thing to learn about crypto is they're unforgiving, and if you cock up best to learn and be more careful next time.

    So for me: having mentally prepared to turn real money into dead money (ie confidently invest long term for the kids with no expected benefit to me), it doesn't really matter what the latest btc price is, that's a paper profit or loss as I wouldn't be tempted to review at under 6 $digits; and while the critics double over larfing, I reckon that will happen possibly next year, probably within 3 years, and if not then so what let's make it 5-10 years, but that's where it's going.

  8. #8208
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    Quote Originally Posted by Edmond View Post
    4k to 20k, It's definitely been a good year.
    $21,900


    Yayyyyyyyyyyy

  9. #8209
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    "And she blitzes past the all time high like it wasn't even there Jim."

    22k+



  10. #8210
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    $23k


    Hold on to yer Lulus.


  11. #8211
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    Ethereum ha had a nice run up too.
    Over 650 from around 100 at the beginning of the year.
    Lots of gains lately. (Gold making a comeback too.) Is the dollar about to crash?

  12. #8212
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    Quote Originally Posted by fiddler View Post
    Am I the only one still enjoying the ride or ????

    Enjoy it while it lasts.

  13. #8213
    disturbance in the Turnip baldrick's Avatar
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    Quote Originally Posted by fiddler View Post
    Is the dollar about to crash?
    I don't know about crash , but finally people might start to look at how many have been printed in the last year or 2

  14. #8214
    Thailand Expat raycarey's Avatar
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    i don't know who here is holding XRP, but the SEC is sniffing around it.

  15. #8215
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    ^ Down 12% today.

  16. #8216
    The Bestest Expat Plan B's Avatar
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    Quote Originally Posted by raycarey View Post
    i don't know who here is holding XRP, but the SEC is sniffing around it.
    And it's now official.
    SEC is taking Ripple to court for selling unregistered securities. Which raises a whole bunch of questions:

    Why now? Why wait 8 years?
    Why at the end of one US administration?
    Ripple has already had several funding rounds. There are already holders of legitimate shares (not XRP) What happens to them?
    US FINCEN had already fined Ripple for selling XRP as a currency. How can the SEC fine them for selling XRP as a security?
    Other countries around the world have already stated it is not a security, a few years ago SEC said it was a utility coin and was even planning to set up a validator. Why the turn-around?

    But the more revealing question is:
    Why only two names on the lawsuit; the CEO & only one of the co-founders?
    One of the other co-founders Jed McCaleb has set up an XRP clone, why not include him and his company?

    And the answer is the CEO & lone co-founder both made donations to the Biden campaign. Both made statements welcoming the new administration. This is just petty revenge politics from the loser Trump regime.

    A lot of people in the crypto space will be happy to see Ripple singled out. Having one of their main competitors hobbled will make them think their shitcoin has more chance of success. In truth if Ripple doesn't win and it sets a precedent it will be bad news for all of crypto.
    Dear Anti-vaxers: Enjoy your free trial.

  17. #8217
    disturbance in the Turnip baldrick's Avatar
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    ^ Didn't EOS cop a fine for the same thing ?

  18. #8218
    The Bestest Expat Plan B's Avatar
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    EOS and KIN both settled for a small fine. Slap on the wrist and carry on BAU. There's some as yet unsubstantiated idea that the two people named in the lawsuit have also been offered the same deal but turned it down. They've decided to fight it and it may be the best/worst decision they will ever make.

    Ripple and crypto in general have been waiting years for the SEC to clarify just what crypto is. If the lawsuit goes the distance in the long run it could finally give the legal clarity institutional and retail investors need and it will be all aboard the crypto train to new ATHs. Or it of course could all go horribly wrong. Given the US handling of this emerging tech so far there's no reason to be sure it will turn out positively. America dropped the crypto ball a long time a go, China picked it up and ran with it. America is still looking around wondering where it went.

    Is crypto a security, a commodity, a currency, a token? The best answer is they are digital assets programmable to be a bit of any of the above depending on the usecase. It's a new asset class that shouldn't be regulated using laws made in the 1930s. China, Japan, Germany, the UK, Switzerland & some ME countries have all acknowledged this and are working on new frameworks for these new assets. Meanwhile the US, Aus, NZ are still trying to bang the square peg into the round hole.

  19. #8219
    disturbance in the Turnip baldrick's Avatar
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    the real reasons for crypto's existence is a secure medium of exchange that cannot be controlled by government laws

    99% of coins / tokens are effectively centralised and thus will be controlled by governments

    if you do not have a chain that can be co-opted and you have decentralised exchange abilities , then the governments are just tilting at windmills

  20. #8220
    Thailand Expat raycarey's Avatar
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    XRP has lost about 45% of its value in the last few days.

  21. #8221
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    ^ But still well above its Oct/Nov levels of about 0.25 (trading at about 0.35 at the time of typing).

    I don't trade cryptos and the chart has reaffirmed why.

  22. #8222
    The Bestest Expat Plan B's Avatar
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    Quote Originally Posted by baldrick View Post
    the real reasons for crypto's existence is a secure medium of exchange that cannot be controlled by government laws

    99% of coins / tokens are effectively centralised and thus will be controlled by governments

    if you do not have a chain that can be co-opted and you have decentralised exchange abilities , then the governments are just tilting at windmills

    Well the US gubmint is working on that as well. They're sneakily pushing through a law this holiday period when no one is watching that will enforce strict AML on all exchanges. People gotta enter and exit with real money somehow and unless you're mining currency your only other option would be to do some dodgy black market deals at shitty rates and physical risk.

    The noose is slowly tightening.

    https://twitter.com/jchervinsky/stat...399904770?s=21

  23. #8223
    disturbance in the Turnip baldrick's Avatar
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    Quote Originally Posted by Plan B View Post
    They're sneakily pushing through a law this holiday period when no one is watching that will enforce strict AML
    they want private wallets identified also

    but ameicans will still be able to purchase BTC on coinbase and thence where ever

  24. #8224
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    Quote Originally Posted by Edmond View Post
    $23k
    $24,500


    Ho ho ho


  25. #8225
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    Just hit $25k Whoopie!
    Time to buy more?

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