RIP Bitcoin

**Farangrakthai** · 12-03-2018, 08:16 PM

cheers, i'll have a look.

**Farangrakthai** · 12-03-2018, 08:26 PM

since the other vdo is not available:

**OhOh** · 12-03-2018, 08:36 PM

Originally Posted by Farangrakthai

i understand most won't want to be doing day trading, looking at charts.

Yes charts can be a guide but as we see in many markets algos have ruled for some time now and as the financial wizards and their bosses target digital tokens this will increase. Up or down they make their targets day after day.

**Farangrakthai** · 12-03-2018, 08:56 PM

Originally Posted by OhOh

Yes charts can be a guide but as we see in many markets algos have ruled for some time now and as the financial wizards and their bosses target digital tokens this will increase. Up or down they make their targets day after day.

still holding cryptos/tokens?

which ones?

looking to buy/sell?

Originally Posted by OhOh

Does anybody know what the deals are regarding exchanging CC Tokens for cash deposits into your bank account. Daily/amount restrictions, weekly, monthly etc.

**PlanK** · 13-03-2018, 01:42 AM

Possibility of an institutional level exchange?

https://www.bloomberg.com/news/artic...rency-exchange

The lucrative market for cryptocurrency exchanges may soon have some competition for institutional investors.J. Robert Collins Jr., the former president of the New York Mercantile Exchange, plans to launch the San Juan Mercantile Exchange in October as a venue for broker dealers and other professional investors to trade digital assets such as Bitcoin and Ripple. The venture is an attempt to bring a level of reliability that the legions of cryptocurrency exchanges have struggled to achieve, Collins said in an interview.

**baldrick** · 13-03-2018, 10:33 AM

I read this article last night and I think it raises important point for those who are holding in the expectation that their coin/token will raise in value

https://www.coindesk.com/making-sens...tion-insanity/

The key to ascertaining fundamental value in crypto is an understanding of [1] economic activity -- transactional usage of the token + the store of value component and [2] velocity - how frequently the token changes hands.

The matrix below helps me think about value accrual along these two dimensions using the quantity theory of money - the best framework to reason about currency and token valuation today:

RIP Bitcoin-crypto-store-value-jpg

This matrix paints the picture that the only way an asset can ultimately be worth more than $1 billion is if it is in the bottom right quadrant: High economic activity and low velocity. ($10 billion divided by 10 = $1 billion market cap)

Every other quadrant is relegated to the world of nine figures, largely because of the importance of velocity.

Recognizing the importance of velocity, there's been a lot of work done to manipulate it through relatively complex mechanisms.

**OhOh** · 13-03-2018, 11:50 AM

Originally Posted by Farangrakthai

still holding cryptos/tokens?

which ones?

looking to buy/sell?

No

None

No

**Luigi** · 13-03-2018, 01:53 PM

Not even drinking your own urine?

**uncle junior** · 13-03-2018, 01:57 PM

Sold my BCPT. They increased their coins by about 20 million.

**Ukan Kizmiaz** · 13-03-2018, 02:30 PM

saddled up the old day trade horse - bought NCASH, jumped out 1 hr later with about 9% profit...

should have hung on for a couple of more minutes (literally) for 11% but there ya go.

(not a lot of money but a decent % return - NCASH has been powering so might try it again)

**baldrick** · 13-03-2018, 03:20 PM

yippon is aparently geared up to make a statement

japan is set to urge global leading countries of G20 to undertake steps to prevent cryptocurrency use for money laundering.

which may cause a bit of worry to the prices in the near term

**PlanK** · 13-03-2018, 05:46 PM

Originally Posted by baldrick

I read this article last night and I think it raises important point for those who are holding in the expectation that their coin/token will raise in value

https://www.coindesk.com/making-sens...tion-insanity/

Not sure where the author is going with his Store of Value argument. Technically any crypto can be a SoV.

He states...

At the very least, money must first be secure. If security is a concern, high mental transaction costs will prevent its adoption; social scalability is eliminated (a big reason why FDIC was instated, for example)... ...A store of value cannot be vulnerable to replay attacks, buggy smart contracts and double spending.Said another way, base layer trustlessness is a necessary condition for a reserve store of value and layer-one transactions and feature richness are not.

There's many Cryptocurrencies, the common thread is that they involve crypto, a means of securing the network, whether through PoW, PoS, Nodes, Validators. So far all proven secure. So they all pass the security test (apart from exchange hacks, and excluding ETH for this argument). Given that commonality then the feature richness does become important. I would argue that velocity and usecase are more important if you take security of the blockchain (not exchanges) is a given.

**PlanK** · 13-03-2018, 09:46 PM

A Thai link... SCB adds pound & euro via Ripple

https://www.coindesk.com/thai-bank-t...uro-and-pound/

Again the insinuation from the sandbox comment in the article is that they're still waiting for regulation before committing to using the actual currency XRP.

**PlanK** · 13-03-2018, 10:32 PM

Me when I try to day trade:

**Luigi** · 13-03-2018, 10:45 PM

AKA: Doing A Lulu

**OhOh** · 14-03-2018, 02:50 AM

Originally Posted by Ukan Kizmiaz

saddled up the old day trade horse - bought NCASH, jumped out 1 hr later with about 9% profit...

should have hung on for a couple of more minutes (literally) for 11% but there ya go.

(not a lot of money but a decent % return - NCASH has been powering so might try it again)

You would win more friends if you told them of your buys and sells when you make them, rather than posting unproven gambling wins after the event.

Nobody will accuse you of misleading them here.

Originally Posted by Luigi

Not even drinking your own urine?

You talking to me?

If so please be advised my intake of urine is only from the fairer sex, nam pla flavour of course, it makes her so happy and content.

**Ukan Kizmiaz** · 14-03-2018, 05:46 AM

anyone could open the binance chart for NCASH yesterday and seen the huge jump in that coin - 9% was pretty pathetic compared to the all day movement.

and 'unproven' and 'misleading' - ehh?

**misskit** · 14-03-2018, 05:55 AM

Cabinet passes draft law on digital asset exchange

BANGKOK, 13th March 2018 (NNT) – The Cabinet has given initial approval to a draft law governing digital asset businesses, aiming to protect people from fraud. Additional details of the law are expected to be announced next week.

Following the weekly Cabinet meeting, Mr Nattaporn Jatusripitak, Advisor to the Prime Minister’s Office Minister, reported that Cabinet members have resolved to approve in principle the draft emergency decree on the exchange of digital assets.

Details of the draft law are currently being studied and adjusted by the Office of the Council of State, with conclusions likely to be drawn by next week. Auxiliary laws will also be rolled out by the Ministry of Finance and the Securities and Exchange Commission for promulgation alongside the draft emergency decree.

The draft emergency decree on digital asset exchange has been designed to ensure transparency in the business and prevent fraudulent practices among operators. Any profits generated will also be subject to taxes.

National News Bureau Of Thailand | Cabinet passes draft law on digital asset exchange

**Farangrakthai** · 14-03-2018, 07:29 AM

90 day chart still not looking good for btc:

RIP Bitcoin-img_0413-jpg

**Mr Earl** · 14-03-2018, 08:04 AM

Originally Posted by misskit

Cabinet passes draft law on digital asset exchange

BANGKOK, 13th March 2018 (NNT) – The Cabinet has given initial approval to a draft law governing digital asset businesses, aiming to protect people from fraud. Additional details of the law are expected to be announced next week.

Following the weekly Cabinet meeting, Mr Nattaporn Jatusripitak, Advisor to the Prime Minister’s Office Minister, reported that Cabinet members have resolved to approve in principle the draft emergency decree on the exchange of digital assets.

Details of the draft law are currently being studied and adjusted by the Office of the Council of State, with conclusions likely to be drawn by next week. Auxiliary laws will also be rolled out by the Ministry of Finance and the Securities and Exchange Commission for promulgation alongside the draft emergency decree.

The draft emergency decree on digital asset exchange has been designed to ensure transparency in the business and prevent fraudulent practices among operators. Any profits generated will also be subject to taxes.

National News Bureau Of Thailand | Cabinet passes draft law on digital asset exchange

This actually pretty good news, because it brings more recognition to cryptp-currencies and educates the public some.
It also shows the legislators aren't going to try for a total shutdown and make bank transaction related to Bitcoin exchanges illegal.
It will also open the doors for banking industry to innovate bridges with the new technology.

**uncle junior** · 14-03-2018, 09:56 AM

Originally Posted by OhOh

You would win more friends if you told them of your buys and sells when you make them, rather than posting unproven gambling wins after the event.

Nobody will accuse you of misleading them here

Mkt Cap page or a quick google and you can see each coins performance.

https://coinmarketcap.com/currencies/nucleus-vision/

9% is $90 on a $1000 wager. Hardly worth signing in to brag about...innit

By the looks of it, if he waited a few hours , he'd doubled his winnings.....it's a loooonng wait tho

**baldrick** · 14-03-2018, 10:45 AM

Originally Posted by OhOh

You would win more friends if you told them of your buys and sells when you make them

the uncensored bitcoin thread with butterfluffer is where that sort of idiocy resides

**Farangrakthai** · 14-03-2018, 11:41 AM

Originally Posted by baldrick

the uncensored bitcoin thread with butterfluffer is where that sort of idiocy resides

disagree that this thread should only be for hodl-ers.

in the crypto market, hodlers are definitely not the majority of crypto traders.

if they were, the markets wouldn't be behaving as they do.

as in the wider crypto market, this thread should be for all types of traders: hodlers, technical traders and momentum trades:

Originally Posted by Ukan Kizmiaz

bought NCASH, jumped out 1 hr later with about 9% profit...

and some traders do all 3: hodl, technical trades, momentum trades.

Originally Posted by OhOh

told them of your buys and sells when you make them

agree

**baldrick** · 14-03-2018, 12:34 PM

I would rather this thread be informative - let penis waving happen in butterfluffers thread

and I do think posting any information about how much money you have or have made is never a good idea - but up to you

The draft emergency decree on digital asset exchange has been designed to ensure transparency in the business and prevent fraudulent practices among operators. Any profits generated will also be subject to taxes.

as they do not understand they will only fcuk things up - may be wise to move any large sums from bx.in.th to private wallets

and this will likely make it harder to convert to and from fiat on bx

**Farangrakthai** · 14-03-2018, 12:43 PM

Originally Posted by baldrick

let penis waving happen in butterfluffers thread

i see your point, but it's only "penis waving" from your point of view.

sharing your trades, so we can see what others are trading is not a bad thing, IMO.

of course, there are those who are hodling for the lambo (high long-term returns).

but, most of us are just trading cryptos for fun, anyways, right?

Originally Posted by baldrick

I would rather this thread be informative

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