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Member Run Boards >> Finance and Economics >> Crypto currency investing http://www.ozpolitic.com/forum/YaBB.pl?num=1503498096 Message started by Pho Huc on Aug 24th, 2017 at 12:21am |
Title: Crypto currency investing Post by Pho Huc on Aug 24th, 2017 at 12:21am
Is anyone else here investing in cryptocurrency, or looking at it?
I have been playing with bitcoin and co for the last 9 months,And have found it eye opening. |
Title: Re: Crypto currency investing Post by ___ on Aug 25th, 2017 at 9:19pm
Did you keep or sell your Bcash?
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Title: Re: Crypto currency investing Post by Pho Huc on Sep 11th, 2017 at 9:53pm
sold at 720 US, Not a huge fan of BCC.
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Title: Re: Crypto currency investing Post by The_Barnacle on Sep 12th, 2017 at 11:08am Pho Huc wrote on Aug 24th, 2017 at 12:21am:
I wouldn't consider it investing. It's more like gambling. |
Title: Re: Crypto currency investing Post by ___ on Sep 13th, 2017 at 8:30am
Some are more than gambling, they are scams.
Other's are society changing. Jamie Dimon: Bitcoin Is a 'Fraud' JPMorgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a "fraud" and saying he would fire any trader known to be trading the cryptocurrency. Dimon gave the remarks during an appearance at an event hosted by Barclays, according to reports from Bloomberg and CNBC. A long-time critic of bitcoin – he said that the cryptocurrency "will not survive" back in November 2015 when the price was fluctuating around the $400 level – Dimon aimed his remarks at the activity in the world's cryptocurrency markets and echoed those who've said that they're in bubble territory. He was quoted as saying: "It's worse than tulip bulbs. It won't end well. Someone is going to get killed." Dimon later added that the cryptocurrency "will blow up", according to CNBC. It was also during that appearance that said that he would terminate any trader that he found to be trading bitcoin for being "stupid". In the wake of his speech, some observers, including Bloomberg, noted that bitcoin prices started to fall after Dimon's remarks. Other factors likely shaping the market today are continued fears that China will move to close domestic cryptocurrency exchanges, a state of affairs that has already led at least one trading platform to freeze its operations. Bitcoin prices are currently at $4,077.82, down more than 2% for the day, according to the CoinDesk Bitcoin Price Index (BPI). https://www.coindesk.com/jamie-dimon-bitcoin-fraud/ |
Title: Re: Crypto currency investing Post by AnotherJourneyByTrain on Sep 15th, 2017 at 2:35pm The_Barnacle wrote on Sep 12th, 2017 at 11:08am:
So the American economy should stay away from it? (... or were those rumours always completely fanciful?) |
Title: Re: Crypto currency investing Post by The_Barnacle on Sep 16th, 2017 at 5:15pm TheFunPolice wrote on Sep 15th, 2017 at 2:35pm:
That depends what you want to use it for. If you want to use it as a way of making untraceable payments or you simply want to avoid paying exchange rate fees then crypto currencies may be the way to go. But use it as an investment and you are taking a massive gamble |
Title: Re: Crypto currency investing Post by Pho Huc on Sep 28th, 2017 at 1:09am ____ wrote on Sep 13th, 2017 at 8:30am:
The funny thing is a keen eyed crypto trader noted that JP morgan securities purchased 3million US worth of BTC 3 days after his statement(when bitcoin was 3500). sssooooo read into that what you want, but id watch what they do, not what they say. |
Title: Re: Crypto currency investing Post by Pho Huc on Sep 28th, 2017 at 1:12am
Bitcoin is pretty safe for the next few years, but quantum computing breaks it. I just bought more QRL( Quantum resistant ledger,) with the recent announcements by IBM(they are developing a software framework for quantum processing) and the recent advances in entanglement stability its going to be happening faster than
a lot of people expect. |
Title: Re: Crypto currency investing Post by Pho Huc on Sep 28th, 2017 at 1:18am
Also, Not many are pure scams. Bitconnect and onecoin are both scams.
the other 85% are just wide eyed B/S that will never happen. There are going to be a few currencies come out of the remaining 15% which are just going to have insane growth over the next 5-10 years. |
Title: Re: Crypto currency investing Post by ___ on Oct 1st, 2017 at 12:55pm
After staying away from ICOs (initial coin offerings), I sank a few bucks in OMG.
It's aim is to target SE Asia, where as countries like Indonesia, 80% are unbanked yet 60% have mobiles. OMG are planning to build a platform for mobile phones where people can interchange fiat with cryptos. It also has secured an agreement with McDonalds in Thailand. Looks like that country's McDonalds will be the first in the world to start accepting payments in crypto. McDonald's to start using OmiseGO (OMG coin) as a payment channel ! https://steemit.com/omisego/@alex13/mcdonald-s-to-start-using-omisego-omg-coin-as-a-payment-channel |
Title: Re: Crypto currency investing Post by it_is_the_light on Oct 4th, 2017 at 8:03am
https://www.youtube.com/watch?v=bwy4Ni4RSj8
IMF Head Says Cryptocurrency Could Be the Future. Really! The managing director of the International Monetary Fund, or IMF, talked up the potential of virtual currencies to supplant traditional monies in coming decades on Friday. Cryptocurrencies, or virtual currencies, are a new class of digital assets powered by blockchains, distributed ledgers that made their name underpinning networks like Bitcoin and Ethereum. http://fortune.com/2017/10/02/bitcoin-ethereum-cryptocurrency-imf-christine-lagarde/ |
Title: Re: Crypto currency investing Post by ___ on Oct 9th, 2017 at 8:27pm
John McAfee: ‘Worldwide phenomenon’ Bitcoin frightens governments
https://calvinayre.com/2017/10/09/bitcoin/john-mcafee-worldwide-phenomenon-bitcoin-frightens-governments-video/ |
Title: Re: Crypto currency investing Post by it_is_the_light on Oct 10th, 2017 at 4:38am
https://www.coingecko.com/en/price_charts/bitcoin/aud
Coin Code Price Market Cap Trading Volume Bitcoin BTC A$6,035.43782709 A$100,269,746,340.3 A$1,115,056,124.8 |
Title: Re: Crypto currency investing Post by ___ on Oct 10th, 2017 at 1:50pm
Warning
BTG ~ Bitcoin gold, the air drop coin in a couple of weeks time, it was suppose to have replay protection, it hasn't. Be very careful. It could be a scam so to steal your Bitcoin. https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/?st=J8L1X00R&sh=cc32fd4ahttps://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/?st=J8L1X00R&sh=cc32fd4a |
Title: Re: Crypto currency investing Post by it_is_the_light on Oct 11th, 2017 at 8:40am ____ wrote on Oct 10th, 2017 at 1:50pm:
good reporting * many blessings ! ▲ |
Title: Re: Crypto currency investing Post by ___ on Oct 12th, 2017 at 7:41pm |
Title: Re: Crypto currency investing Post by ___ on Oct 13th, 2017 at 12:45pm
Fund Managers are biting at the bit to sink there cash into Bitcoin.
Previous ETF requests were rejected because underlining things to trade didn't exist. Extremely likely next week, The Chicago Board of Exchange will allow LedgerX to offer Bitcoin Future Contracts (not naked shorts). $5-10 million minimum. This opens the door to fund managers. And Bitcoin futures being the missing part of ETF applications. Bitcoin ETFs are soon to be a reality. The boys with deep pockets are coming. To the Moon. |
Title: Re: Crypto currency investing Post by it_is_the_light on Oct 14th, 2017 at 6:39am |
Title: Re: Crypto currency investing Post by it_is_the_light on Oct 14th, 2017 at 8:52pm
https://www.youtube.com/watch?v=yiZ7xs7BM8k
KIM DOTCOM NEWS: $10,000 IN BITCOIN 7 YEARS AGO WORTH $644 MILLION |
Title: Re: Crypto currency investing Post by The_Barnacle on Oct 17th, 2017 at 11:20am
As with any investment, Bitcoin comes with risks. And according to Eric Lim, senior lecturer at the School of Information Systems and Technology Management, UNSW Business School, one of the biggest risks is if a major government decides to step in and enforce regulations on how miners operate. Or, even worse, issue its own cryptocurrency.
"If the central Chinese government decides to really regulate it and issue its own cryptocurrency, that would really see the price [of Bitcoin] plunging." And according to Lim, these changes are not only possible, they are likely -- albeit still a long while off. http://www.huffingtonpost.com.au/2017/08/22/is-it-too-late-to-invest-in-bitcoin_a_23156491/ |
Title: Re: Crypto currency investing Post by it_is_the_light on Oct 17th, 2017 at 12:12pm |
Title: Re: Crypto currency investing Post by it_is_the_light on Oct 18th, 2017 at 6:09am
https://www.youtube.com/watch?v=mbrR81slkUI
BOOM! IBM JUST MADE ITS MOVE ON BITCOIN! THIS IS WHAT YOU NEED TO KNOW TO GET IN ON THE ACTION! |
Title: Re: Crypto currency investing Post by ___ on Oct 21st, 2017 at 9:35am The_Barnacle wrote on Oct 17th, 2017 at 11:20am:
Russia and China are already planning on creating their own individual centralised fiat cryptocurrency. All this will do is speed up the adoption of Bitcoin. They can outlaw cash, push everyone onto their digital currency. And then people can atomic swap out into Bitcoin. This, the governments will have no control over since only two parties are involved and no exchange. Once out, people will never return. End of control and end of being able to tax these people. Collapse of the nations. https://youtu.be/DdfoWxNONf0 |
Title: Re: Crypto currency investing Post by The_Barnacle on Oct 21st, 2017 at 11:33am ____ wrote on Oct 21st, 2017 at 9:35am:
At which point your bitcoin will be worth precisely zero Not exactly an attractive business model |
Title: Re: Crypto currency investing Post by ___ on Oct 21st, 2017 at 1:14pm
A global store of value and smart currency is greater than nations.
By your logic, the coming collapsing would make gold and silver also worthless. Dohl ! |
Title: Re: Crypto currency investing Post by it_is_the_light on Oct 21st, 2017 at 5:57pm it_is_the_light wrote on Oct 17th, 2017 at 12:12pm:
$500 in 5 days * Bitcoin BTC A$7,765.22220754 |
Title: Re: Crypto currency investing Post by ___ on Oct 21st, 2017 at 6:29pm
4.75 oz of Gold = 1 Bitcoin
Earlier this year, 1 oz of Gold was more expensive than 1 Bitcoin. Thank you governments of the world for your mass printing of all your monopoly fiat ... and this monopoly money suppression of gold. One day very soon the Gold Bugs will give up and sell their devaluing Gold for Bitcoin. The Gold to Bitcoin Flippening ... will it occur before Bitcoin's first ETS. The race is on. |
Title: Re: Crypto currency investing Post by AiA on Oct 22nd, 2017 at 8:19am
I make small weekly automated Bitcoin purchases with Coinbase.
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Title: Re: Crypto currency investing Post by The_Barnacle on Oct 22nd, 2017 at 10:06am ____ wrote on Oct 21st, 2017 at 1:14pm:
Yes pretty much correct. They are only worth what people are prepared to pay for them. If the massive global economic collapse happens, that you have been predicting for decades now, then they will become almost worthless. You can't eat gold. |
Title: Re: Crypto currency investing Post by ___ on Oct 22nd, 2017 at 10:42am
Fiat financial collapse in the near future due to mass printing of national currencies and increasing debt, not an ecological collapse.
Those who currently hold wealth will try and bridge that wealth from one economic model to the next. Since the next model will be based on blockchain, crypto is a natural choice. Look at Zimbabwe and Venezuela. According to TheNational.ae, bitcoin adoption in Zimbabwe is seemingly skyrocketing as the country’s economic situation looks bleak. So much so, that one bitcoin is trading at nearly $10,000 on the Golix.io exchange, while the global average is, at press time, of $5,642.00. https://www.cryptocoinsnews.com/bitcoin-trading-at-nearly-10000-in-zimbabwe-due-to-a-lack-of-cash-in-the-country/ LocalBitcoins in Venezuela Continues to set new Trading Volume Records In the end, the government will have to admit they cannot prevent cryptocurrencies from being used Compared to June of 2017, LocalBitcoins trading has increased fourfold in Venezuela. That is a more than impressive number, to say the very least. It also highlights the growing need for cryptocurrency in regions where financial hardship has become the new normal. People are willingly parting with their Venezuelan Bolivar in exchange for something with a lot more promise. It seems Bitcoin checks all of the right boxes in this regard. http://www.newsbtc.com/2017/10/19/localbitcoins-venezuela-continues-set-new-trading-volume-records/ |
Title: Re: Crypto currency investing Post by it_is_the_light on Oct 22nd, 2017 at 1:59pm ____ wrote on Oct 21st, 2017 at 6:29pm:
amazing * great intelligence , much gratitude namaste ▲ |
Title: Re: Crypto currency investing Post by it_is_the_light on Nov 4th, 2017 at 7:06pm it_is_the_light wrote on Oct 21st, 2017 at 5:57pm:
https://www.coingecko.com/en/price_charts/bitcoin/aud almost $2,000 in 2 weeks Bitcoin (BTC) BTC/AUD MARKET CAPITALIZATION A$157,168,166,346.51 A$9,432.31 |
Title: Re: Crypto currency investing Post by it_is_the_light on Nov 12th, 2017 at 2:45am
https://www.youtube.com/watch?v=yrG8X8OtfBs
Bitcoin Cash Misunderstood and Underestimated | The Real Bitcoin? | Censorship Resistant |
Title: Re: Crypto currency investing Post by it_is_the_light on Nov 16th, 2017 at 10:42am |
Title: Re: Crypto currency investing Post by Pho Huc on Nov 17th, 2017 at 2:57am it_is_the_light wrote on Nov 12th, 2017 at 2:45am:
Don't mention the war! ;D |
Title: Re: Crypto currency investing Post by it_is_the_light on Nov 17th, 2017 at 4:52pm
bitcoin cash skyrocketed to $3000 au then plummeted to $1500 ..
decreasing now as well yet as always markets fluctuate and it may rise yet again * meanwhile .. it_is_the_light wrote on Oct 10th, 2017 at 4:38am:
Bitcoin (BTC) MARKET CAPITALIZATION A$173,754,127,760.53 A$10,414.29 https://www.coingecko.com/en/price_charts/bitcoin/aud |
Title: Re: Crypto currency investing Post by ___ on Nov 18th, 2017 at 3:51pm
Just got my Bitcoin Gold dividend from the last hard fork.
Woo Hoo. On this trajectory it won't be long before one Bitcoin is worth $1 million a pop http://www.smh.com.au/small-business/finance/on-this-trajectory-it-wont-be-long-before-one-bitcoin-is-worth-1-million-a-pop-20171116-gzn9jb.html |
Title: Re: Crypto currency investing Post by ___ on Nov 21st, 2017 at 7:10am
https://youtu.be/5vzRgxzvV2k
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Title: Re: Crypto currency investing Post by it_is_the_light on Nov 23rd, 2017 at 7:50am
https://www.youtube.com/watch?v=F0aU7RqrW8w
JPMORGAN JUST CAVED IN! WHAT THE DID WITH BITCOIN MOMENTS AGO IS GOING TO CHANGE EVERYTHING WE KNOW! |
Title: Re: Crypto currency investing Post by it_is_the_light on Nov 23rd, 2017 at 7:52am
http://www.afr.com/markets/currencies/bitcoin-now-has-jpmorgan-ceo-jamie-dimon-interested-after-he-called-it-stupid-20171122-gzr2gd
Bitcoin now has JPMorgan CEO Jamie Dimon interested (after he called it stupid) by David Fickling Six weeks can be a long time in the world of bitcoin. Last month, JPMorgan Chase chief executive officer Jamie Dimon staked out a position for himself as one of the financial market's most prominent bitcoin sceptics, saying he'd fire any trader who dealt in it. "I could care less what bitcoin trades for, how it trades, why it trades, who trades it," he told a conference in Washington. "If you're stupid enough to buy it, you'll pay the price for it one day." How times change. No less an institution than, um, JPMorgan is gauging client demand and the potential risks of facilitating client trades in CME Group's planned bitcoin futures contracts, a person with knowledge of the situation told Hugh Son of Bloomberg News on Tuesday US time. (The story was first reported by The Wall Street Journal.) There are obviously a couple of distinctions you might want to draw here. Bitcoin futures aren't the same thing as bitcoin, and facilitating trades isn't the same thing as trading. Even so, it's hard to see how a Wall Street bank could become an intermediary in this without putting its own capital on the table. It's not clear at this stage how exactly JPMorgan would get involved, but the most obvious way would be using its futures commission merchant, or FCM. Such entities are the gatekeepers to futures clearing organisations and represent the capital-intensive central plumbing of the US derivatives market. That's by far the best fit for JPMorgan's talents - its FCM, JPMorgan Securities, is North America's second biggest by customer assets, according to Commodity Futures Trading Commission data. In some ways, that's a business relatively insulated from the risks inherent in the products changing hands. FCMs make their money from commissions on trading and interest on their customers' funds, and by their nature are well-diversified across the field of physical commodities, currencies and other futures and options. There should be no real pricing risk, because FCMs don't trade on their own account. But swings in derivatives prices can nonetheless impose credit and liquidity risks, not least because customers are mainly trading on margin. Little wonder, then, that JPMorgan seems to be treading with care. In many ways inevitable For all Dimon's scorn, this move was in many ways inevitable. Banking is a client-service business, and if clients want to trade cryptocurrencies, bankers are going to start exploring ways to help them. JPMorgan's asset-management arm was for many years a bastion of active investment strategies, resisting the rise of indexing and exchange-traded funds even as the likes of Vanguard Group and BlackRock won fresh inflows. Unable to beat the passive funds, JPMorgan joined them three years ago by launching its first ETF. It's now offering 18 such products in the US alone. This Gadfly thinks it's unlikely that digital currencies will ever challenge the position of fiat money. As mediums of exchange, they're clearly inferior to traditional money except for people involved in questionable activities, and consequently they represent no risk to the US dollar's status as the premier unit of account. As stores of value, the third traditional characteristic of money, bitcoin has done pretty well, reaching $US8245 ($10,825) on Monday - but the odds that an individual cryptocurrency "goes to zero" are, if anything, little different than those an individual stock goes bankrupt. Still, digital currencies don't need to be "money" for them to be a worthwhile business for a brokerage like JPMorgan. Right now, the value invested in all cryptocurrencies is about $US242 billion, according to data provider coinmarketcap.com. That's a potent indicator of demand - and where demand leads, banks tend to follow. |
Title: Re: Crypto currency investing Post by ___ on Nov 24th, 2017 at 7:28am
Another hardfork coming.
Bitcoin Diamond, BTD, at block height 495866. Probably a week away. Hold your private keys for this next airdrop. Correction. 12 hours away. https://blockchain.info/ http://www.btcd.io/ |
Title: Re: Crypto currency investing Post by Pho Huc on Dec 21st, 2017 at 11:11pm
Bitcoin has corrected to 22k australian. Im investing in alt coins. money money money.
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Title: Re: Crypto currency investing Post by Sprintcyclist on Dec 21st, 2017 at 11:40pm It's amazing. I can't get my head around it. I can see this and this So, I can't buy them. |
Title: Re: Crypto currency investing Post by The_Barnacle on Dec 23rd, 2017 at 11:08am Sprintcyclist wrote on Dec 21st, 2017 at 11:40pm:
This is a mega bubble. Bitcoin produces no income, has no intrinsic value, in fact they don't really exist except in cyberspace. When this bubble pops a lot of people are going to get hurt |
Title: Re: Crypto currency investing Post by Pho Huc on Dec 25th, 2017 at 3:18pm
btc is in a descending channel right now, needs to break 13800 on BitFinex to break out. next support is 8K region. I have 50 alt coins, my bag is heavy and growing fast. cointradingnews.com (a website i help run)
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Title: Re: Crypto currency investing Post by .JaSin. on Dec 25th, 2017 at 8:45pm
Sounds more like a Plasma TV to me.
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Title: Re: Crypto currency investing Post by Amadd on Dec 28th, 2017 at 11:37pm The_Barnacle wrote on Dec 23rd, 2017 at 11:08am:
It's funny. I'd call it a clever pyramid scheme, but not by any means anything that hasn't been done before in a different shape or manner.. Now that the cat is out of the bag, it's too late to invest. It will come crashing to the ground very shortly, like it should, because it produces nothing by itself except for plebs thinking that they can get something for nothing. |
Title: Re: Crypto currency investing Post by it_is_the_light on Dec 30th, 2017 at 1:07pm
https://www.youtube.com/watch?v=lRvM1JwLhwc
Why did Ripple Explode? Is it too late to buy? |
Title: Re: Crypto currency investing Post by it_is_the_light on Dec 30th, 2017 at 1:19pm
https://www.youtube.com/watch?v=GsRALchpHSQ
McAfee to RT: ‘We live in a new world of sophisticated hacking & cryptojacking’ |
Title: Re: Crypto currency investing Post by The_Barnacle on Dec 31st, 2017 at 12:02pm Amadd wrote on Dec 28th, 2017 at 11:37pm:
The Governor of the Reserve Bank called it a speculative bubble and that's really only a fancy name for a pyramid scheme |
Title: Re: Crypto currency investing Post by Sprintcyclist on Dec 31st, 2017 at 12:26pm it_is_the_light wrote on Dec 30th, 2017 at 1:07pm:
yes, ripple looked like one of the better ones. there are 100's of them |
Title: Re: Crypto currency investing Post by Super Nova on Dec 31st, 2017 at 6:58pm Pho Huc wrote on Sep 28th, 2017 at 1:12am:
That is really interesting. I thought we were more then ten year away from a basic system that could do real world stuff. |
Title: Re: Crypto currency investing Post by Super Nova on Dec 31st, 2017 at 7:03pm
What I didn't realize and now regret not buying some bitcoin is the use of this in the blackmarket. A great way to move money around without the authorities seeing it. That I think is why it is a hit. It has a real purpose in avoiding the established finance institutions and the trails they leave behind.
I think there will still be a market for those that want to move money undetected, so I don't think it will just disappear. However I do think it a form a gambling and now I have missed the boat, will not play in. |
Title: Re: Crypto currency investing Post by Sprintcyclist on Dec 31st, 2017 at 7:13pm Super Nova wrote on Dec 31st, 2017 at 7:03pm:
yes. It has no yield,so is not an investment. It has no real asset backing. |
Title: Re: Crypto currency investing Post by Dnarever on Jan 1st, 2018 at 6:39am
Guy I was working with was buying into bitcoin a number of years ago when it was virtually worthless something like 0.005 c. He must be laughing today.
Buying this at the rates today IMO would be insane. |
Title: Re: Crypto currency investing Post by Pho Huc on Jan 6th, 2018 at 9:03pm Super Nova wrote on Dec 31st, 2017 at 6:58pm:
no. Already have stable 48 bit entanglements, a few companies have crude but stable processors. Im actually learning Q programming now, want to get in front of the curve on that one. ten years till its in homes/industry much less before its accessible over he cloud. |
Title: Re: Crypto currency investing Post by AiA on Jan 11th, 2018 at 10:43pm
Cryptocurrency isn't going to disappear. The Blockchain is in its infancy. Those are two solid reasons to hold crypto. Plus, its fun to learn the ins and outs of it. Stories abound of people who refinance their homes to "get in" Bitcoin then can't sleep when the value drops 30% but the same stupidity is found in gold and stocks and real estate but they don't make the news anymore.
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Title: Re: Crypto currency investing Post by mozzaok on Jan 13th, 2018 at 11:50am it_is_the_light wrote on Dec 30th, 2017 at 1:19pm:
OK. So now we also need to hate nerds as well as muslims? This is getting tricky. I don't want to hate people, it takes too much effort. I guess I could go back to watching movies on TV and stop watching free pornography, then I wouldn't need the internet anymore. That is all it's good for, I remember Tony Abbott said so. |
Title: Re: Crypto currency investing Post by The_Barnacle on Jan 16th, 2018 at 8:39pm
BILLIONAIRE investor Warren Buffett has taken aim at cryptocurrencies, warning the recent mania that has seen bitcoin and its cousins skyrocket in value will not end well.
“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and CEO of Berkshire Hathaway said in an interview with CNBC on Wednesday. “When it happens or how or anything else, I don’t know.” Mr Buffett, the world’s third richest man behind Amazon founder Jeff Bezos and Microsoft founder Bill Gates, with an estimated net worth of $US87.2 billion ($111 billion), has previously made comments critical of bitcoin. “It’s a mirage, basically,” he said in 2014. “I mean it’s a method of transmitting money, the idea that it has some huge instrinic value is just a joke, in my view.” http://www.news.com.au/finance/money/investing/warren-buffett-says-cryptocurrencies-will-almost-certainly-come-to-a-bad-ending/news-story/b612a430bbaabc003e8ce524fb9ff86f |
Title: Re: Crypto currency investing Post by it_is_the_light on Jan 22nd, 2018 at 8:31pm |
Title: Re: Crypto currency investing Post by it_is_the_light on Jan 22nd, 2018 at 8:34pm |
Title: Re: Crypto currency investing Post by Pho Huc on Jan 23rd, 2018 at 6:17pm
Target BTC in 9-7k range. still determining if that will be a dead cat or recovery.
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Title: Re: Crypto currency investing Post by Pho Huc on Jan 23rd, 2018 at 6:18pm The_Barnacle wrote on Jan 16th, 2018 at 8:39pm:
Notice how the two people richer than him made their money? |
Title: Re: Crypto currency investing Post by AiA on Jan 24th, 2018 at 4:57am
You don't want to be reluctant to become wealthy by rationally investing in crypto.
Here are the words of a man whose advice I'd take above all others in these matters: Nassim Nicholas Taleb https://medium.com/opacity/bitcoin-1537e616a074 |
Title: Re: Crypto currency investing Post by it_is_the_light on Jan 24th, 2018 at 5:45pm
https://www.youtube.com/watch?v=0wfQd_vpd6A
Breaking Neo News!, Korea Crack Down!, Stripe Boots Bitcoin! |
Title: Re: Crypto currency investing Post by AiA on Jan 25th, 2018 at 2:03am
^^^ are you an idiot in all regards Light? We don't need your conspiracy YouTube videos here. Do you have something to contribute? Blockchain technology is one of the most important innovations in the history of finance.
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Title: Re: Crypto currency investing Post by AiA on Jan 25th, 2018 at 10:32pm
Well, somebody gets it:
Banning Cryptocurrency Trading Unrealistic Instead of outright banning the local market, the South Korean government has decided to take a practical approach by regulating and fostering the cryptocurrency exchange market. As Financial Services Commission (FSC) chairman Kim Sang-jo previously stated, banning the cryptocurrency exchange market is unrealistic. “[Banning cryptocurrency exchanges] is not realistically possible. Based on the electronic commerce law, the government doesn’t even have the authority to close down cryptocurrency trading platforms. From the viewpoint of an economist, it is not a fair and transparent decision to outright ban economic activity. Whether it is excessive speculation or not, the gain or the loss is the responsibility of the investor.” |
Title: Re: Crypto currency investing Post by AiA on Jan 26th, 2018 at 12:23am
I spend at least one hour, five days a week, learning the ins and outs of cryptoassets. It's tricky. One slip up, let's say sending your token to the wrong address, and its gone for good (like putting cash in an envelope an sending it to the wrong physical address). There is a learning curve which will keep most fektards out because it is not easy ;)
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Title: Re: Crypto currency investing Post by it_is_the_light on Jan 26th, 2018 at 8:33pm AiA wrote on Jan 25th, 2018 at 2:03am:
are you still stinging from a previous encounter ? are you still looking at porn and masturbaiting ? maybe crypto is way over your ignorant head and maybe you should stick with what you are fluent with ? ,and remember 1% of the bitcoin market ownes 90% of the wealth . yet you probably knew that did'nt you ..yet either way be at peace .. we continue and observe your pain https://www.youtube.com/watch?v=_jOqCp1LDOc Why Bitcoin is selling HARD! What is the best strategy! namaste ╰დ╮ॐ╭დ╯ |
Title: Re: Crypto currency investing Post by it_is_the_light on Jan 26th, 2018 at 8:59pm
https://www.express.co.uk/finance/city/909691/Bitcoin-price-live-rapper-50-cent-ripple-ethereum-BTC-rising-surprise
Bitcoin price LIVE: BTC price steady as US rapper 50 Cent gets $8 MILL bitcoin surprise |
Title: Re: Crypto currency investing Post by Sprintcyclist on Jan 26th, 2018 at 9:02pm AiA wrote on Jan 25th, 2018 at 10:32pm:
Yes |
Title: Re: Crypto currency investing Post by AiA on Jan 26th, 2018 at 10:57pm Cryptoassets have moved into the third stage marked by a sharp progression away from "sin" and towards legitimate enterprises. |
Title: Re: Crypto currency investing Post by AiA on Jan 27th, 2018 at 2:45am
Advice to those interested in cryptoassets: HODL
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Title: Re: Crypto currency investing Post by Sprintcyclist on Jan 27th, 2018 at 5:35am AiA wrote on Jan 27th, 2018 at 2:45am:
what does that mean? |
Title: Re: Crypto currency investing Post by it_is_the_light on Jan 28th, 2018 at 8:08am
https://www.youtube.com/watch?v=QRo5BCcFuks
Why Decentralized Exchanges will outperform! AST, LRC, ZRX |
Title: Re: Crypto currency investing Post by it_is_the_light on Jan 28th, 2018 at 8:28am
http://www.news.com.au/finance/economy/world-economy/central-banks-investigate-digital-currencies-following-bitcoin-boom/news-story/c17a8b18c731c87589dfa73436a7c255
Central banks investigate digital currencies following bitcoin boom THE RBA is just one of several central banks actively investigating issuing a digital currency following the bitcoin boom. |
Title: Re: Crypto currency investing Post by Pho Huc on Feb 10th, 2018 at 2:39pm Sprintcyclist wrote on Jan 27th, 2018 at 5:35am:
Hodl means Hold( there was a crash in 2013, someone wrote a drunken rant about how the the only safe option was to HODL (hold) your bitcoin. The term stuck and now it means never ever ever sell. |
Title: Re: Crypto currency investing Post by Pho Huc on Feb 10th, 2018 at 2:40pm
Venezuela( ;D I know ) Is launching their own national crypto soon, China has one that will be soft launched this year.
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Title: Re: Crypto currency investing Post by Sprintcyclist on Feb 10th, 2018 at 2:42pm Pho Huc wrote on Feb 10th, 2018 at 2:39pm:
if that is your philosoply, just buy whatever you want. makes no difference, as you will never sell. cryptos are no an investment. they have no yield. |
Title: Re: Crypto currency investing Post by Pho Huc on Feb 10th, 2018 at 2:50pm Sprintcyclist wrote on Feb 10th, 2018 at 2:42pm:
Like most financial instruments you can generate yield if you know all the available instruments. I can lock in 100-300% holding gains annually just buy lending btc, with the return varying inversely to the price. I.e price goes up, holdings increase slower, price goes down, holdings increase faster. I can tolerate a 60% annual drop in BTC prices and still end up well in front compared to fiat. If btc appreciates, I kill it. Feel free to check it out, Rate quoted is the daily return. https://www.poloniex.com/lending#BTC |
Title: Re: Crypto currency investing Post by it_is_the_light on Feb 11th, 2018 at 1:14pm
https://www.youtube.com/watch?v=rthngv7LQB4
Trinity a Offchain Scaling Solution for NEO! Ready to Moon! |
Title: Re: Crypto currency investing Post by it_is_the_light on Feb 20th, 2018 at 9:02pm
https://www.youtube.com/watch?v=zrMEH2ghzM4
LONG LIVE CRYPTO! Bitcoin & Ethereum Can't Be Stopped https://www.bitchute.com/video/MOIJM8OelSpC/ LONG LIVE CRYPTO! Bitcoin & Ethereum Can't Be Stopped |
Title: Re: Crypto currency investing Post by Pho Huc on Feb 21st, 2018 at 12:05am Sprintcyclist wrote on Feb 10th, 2018 at 2:42pm:
three words. Lending, Masternodes and staking. |
Title: Re: Crypto currency investing Post by Pho Huc on Feb 21st, 2018 at 3:20am
if you bought btc in the 7-9 range, probably a good time to sell now. fair chance of a reversal at 12. im out, ill either pick it up 13 or buy the next dip.
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Title: Re: Crypto currency investing Post by it_is_the_light on Feb 22nd, 2018 at 6:59pm
https://www.youtube.com/watch?v=v6JLwp0aFpc
Don't Get Scammed With Crypto |
Title: Re: Crypto currency investing Post by Pho Huc on Feb 27th, 2018 at 12:16am
Bought again for 9580 us, looking at 10800, 11800 with 10800 being particularly threatening.
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Title: Re: Crypto currency investing Post by it_is_the_light on Mar 3rd, 2018 at 9:30am
https://www.youtube.com/watch?v=jFp_zNA5Is8
Bitcoin Spikes As Germany Refuses to Tax Cryptocurrency Payments, Covesting and More! |
Title: Re: Crypto currency investing Post by it_is_the_light on Mar 8th, 2018 at 4:31pm
BITCOIN DROPS *
https://www.reuters.com/article/crypto-currencies-circle/goldman-backed-startup-circle-buys-poloniex-cryptocurrency-exchange-idUSL8N1QG43V Goldman-backed startup Circle buys Poloniex cryptocurrency exchange https://www.youtube.com/watch?v=BG3kVHN2Y5s BTC Dip and Bounce, Well Timed FUD, Binance API/Bot Hack, SEC Ruling and More! |
Title: Re: Crypto currency investing Post by it_is_the_light on Mar 17th, 2018 at 7:49am
https://www.youtube.com/watch?v=aBR55zkiQ4Q
Iran Just DUMPED THE DOLLAR! Get Ready |
Title: Re: Crypto currency investing Post by it_is_the_light on Mar 24th, 2018 at 10:08pm
yea ..
https://www.youtube.com/watch?v=JNQRdSrrghU Keiser Report: Crypto-topia in the Caribbean (E1205) |
Title: Re: Crypto currency investing Post by it_is_the_light on Mar 25th, 2018 at 7:31am
http://www.abc.net.au/news/2018-03-24/marshall-islands-to-launch-digital-currency/9566370
Marshall Islands 'overlooking' environmental impact of using digital currency as legal tender The Marshall Islands Government has made international headlines with its plan to become the first in the world to establish a digital currency as legal tender. Even if it succeeds, critics are arguing that such a policy would undermine the Marshalls' very prominent stance on climate change, and actually expand the size of the North Pacific territory's own carbon footprint. But Environment Minister David Paul, who co-sponsored the digital currency bill, said it was an opportunity for the country to be a global leader. "We've experienced a nuclear testing legacy in the Marshall Islands. We've been waiting what, 50, 60 years, nothing happened," he said. "Now we're confronted with climate change, no-one is coming to our aid. |
Title: Re: Crypto currency investing Post by it_is_the_light on May 1st, 2018 at 9:32pm
https://www.youtube.com/watch?v=1H5m1NPS3kQ
Keiser Report: New Era of Cryptocurrency (E1221) |
Title: Re: Crypto currency investing Post by AiA on Jul 26th, 2018 at 10:50pm
My automated purchases of cryptoassets haven't changed a bit despite the slump. Noticed this morning that my holdings are looking better ...
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Title: Re: Crypto currency investing Post by freediver on Jul 27th, 2018 at 10:53pm
I'd be waiting at least a year to buy more. Dollar cost averaging is for people who can't be bothered paying attention.
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Title: Re: Crypto currency investing Post by AiA on Jul 28th, 2018 at 12:27am freediver wrote on Jul 27th, 2018 at 10:53pm:
Timing the market is for fools. Let's pick almost any point in recent history to begin buying bitcoin using my method: * 52 weeks ago? You'd be up 27%. * 26 weeks ago? You'd be up 5% * 16 weeks ago? Up 17% * 8 weeks ago? Up 21% * 4 weeks ago? Up 22% |
Title: Re: Crypto currency investing Post by freediver on Jul 28th, 2018 at 10:56am
That's an interesting exercise in cherry picking the evidence.
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Title: Re: Crypto currency investing Post by AiA on Jul 28th, 2018 at 10:31pm freediver wrote on Jul 28th, 2018 at 10:56am:
No, those are my gains. Show me yours. But you don't have any because you have bought no cryptoassets. |
Title: Re: Crypto currency investing Post by freediver on Jul 29th, 2018 at 6:40am
Are they the only purchases you have made?
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Title: Re: Crypto currency investing Post by AiA on Jul 29th, 2018 at 8:25am freediver wrote on Jul 29th, 2018 at 6:40am:
No, I buy a number of different cryptoassets weekly - all automated purchases and I do not sell them. Tell us how you time the market big boy. We are all dying to know ;D |
Title: Re: Crypto currency investing Post by freediver on Jul 29th, 2018 at 9:24am
If you look at the history of bitcoin prices, there is a clearly repeating pattern and an easily identifiable period when it is a bad time to buy. That period is now. Plot it on a log scale if ti helps.
You used the fact that they were your actual purchases to contradict my claim that you were cherry picking the evidence. But you just admitted you were still cherry picking the evidence. Timing the market is not for fools. It is for people with eyes. Normally the only people who will tell you otherwise are those selling you into a scheme that they can take a cut from. |
Title: Re: Crypto currency investing Post by Pho Huc on Aug 19th, 2018 at 4:11pm
https://alternative.me/crypto/fear-and-greed-index/
http://charts.woobull.com/bitcoin-nvt-signal/ top one is for alt bottoms, bottom one is for BTC bottoms. |
Title: Re: Crypto currency investing Post by The_Barnacle on Nov 20th, 2018 at 8:10pm
Bitcoin Crashes Under $5,000 As Ripple (XRP) And Ethereum Fall
Bitcoin, along with other major cryptocurrencies ripple (XRP), ethereum, bitcoin cash, stellar, and litecoin, have fallen again over the last 24 hours as investors and traders fret over a flood of warnings on the future of cryptocurrencies. Having traded at almost $20,000 last December, bitcoin fell sharply last week, down some 70% from its peak. The sudden instability was a blow to those who were hoping bitcoin is moving into the mainstream. https://www.forbes.com/sites/billybambrough/2018/11/19/bitcoin-ripple-xrp-and-ethereum-are-getting-hit-again-heres-why/#6125e2996eaf The cryptocurrency promoters have gone awfully quiet |
Title: Re: Crypto currency investing Post by bellamor on Nov 23rd, 2018 at 11:18am
YEAH BITCOIN IS DOWN, BUT IT’S ONLY THE 4TH BIGGEST BUBBLE IN HISTORY
This is me keeping an eye on bitcoin cause I am scared that my investment will go to nothing. |
Title: Re: Crypto currency investing Post by freediver on Dec 2nd, 2018 at 9:26am
I'll probably buy some bitcoin soon.
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Title: Re: Crypto currency investing Post by perceptions_now on Dec 5th, 2018 at 6:09pm freediver wrote on Dec 2nd, 2018 at 9:26am:
Good Luck, with that, FD!? You'll need it! |
Title: Re: Crypto currency investing Post by Amadd on Dec 5th, 2018 at 10:15pm
I agree. Bitcoin is far too open to exploitation, especially in times of economic crisis.
Better to have some tangible assets like PM's or others that are currently of good value. It may not be too long before you can get some property at a good price. I'll be holding off for that. Dumped my shares a while back, sitting tight waiting for the STHTF. It's not far off now. |
Title: Re: Crypto currency investing Post by The_Barnacle on Dec 6th, 2018 at 8:52pm Amadd wrote on Dec 5th, 2018 at 10:15pm:
Yes we've been hearing that for many years now. Money hidden under the mattress has been losing value due to inflation |
Title: Re: Crypto currency investing Post by perceptions_now on Dec 7th, 2018 at 10:32am The_Barnacle wrote on Dec 6th, 2018 at 8:52pm:
And, How much has been made by those retaining their shares in the OZ Market, after the OZ All Ords peaked at 6,873, on October 2007? |
Title: Re: Crypto currency investing Post by The_Barnacle on Dec 8th, 2018 at 9:18am perceptions_now wrote on Dec 7th, 2018 at 10:32am:
In a worse case scenario, if you bought your entire share portfolio in October 2007 you would still have 11 years of divedends. In reality most people will have accumulated shares over many years (thats the sensible strategy) and will have made more money than hiding it under the mattress or earning 2% in a Bank term deposit |
Title: Re: Crypto currency investing Post by Amadd on Dec 8th, 2018 at 10:23pm The_Barnacle wrote on Dec 8th, 2018 at 9:18am:
Actually, you were making pretty good returns with fixed interest up until a few years ago. Nothing against shares in the long run, I plan to buy again, but not for now. Everything I've sold after doing very well from them has dropped and I expect them to drop further. Martin North and John Adams are a good watch on youtube. |
Title: Re: Crypto currency investing Post by Amadd on Dec 9th, 2018 at 10:45pm
I think that what people want is some type of currency that isn't manipulated at a whim. How the hell can people have faith in their dollar when reserve banks keep manipulating through low interest rates and QE?
PN called it long way back and harps on about it as bs because it's not addressing any real debt problems. Money printing has been tried and tested as destructive to any society that has attempted it. Or maybe it's just a larger bubble and larger consequences if the entire western world does it in unison? Are we too big to fail? Or does it really matter if national debts continue to rise and rise? Well, I think that it does matter somewhat because in a fiat currency world, "WE" are the backing for our dollar. It's our potential for earning and enslavement that backs our economy. Our androgynous society of cattle is complying quite nicely to accepted slavery. I will reiterate that: In a fiat based currency, it is "Our potential earnings" that backs our dollar and our economy. Not gold, silver, bitcoin or any other available currency that "We" wish to trade in. That's why, like it or not, they have availed many many worker bees for their needs through their bs debt scenario. I wouldn't touch Crytpo with a ten foot pole because, despite maybe there are good intentions (probably not), they're going to be bought out or sold out to the highest bidder who will have their own intentions in mind. Better to revert to the age old currency of gold IMO. That stuff that Johnny Howard sold for a song. |
Title: Re: Crypto currency investing Post by Amadd on Dec 10th, 2018 at 5:43am The_Barnacle wrote on Dec 6th, 2018 at 8:52pm:
Barnacle, I think that you are not comprehending. It's all about the timing buddy, and I proclaim the timing as now. I have never made a call before, but my call is now to sell up and move to different avenues. Maybe I'm wrong, but I think that I'm there abouts. I would be surprised if this artificial propping continues for too much longer. Otherwise, nobody can have any respect for the dollar at all. |
Title: Re: Crypto currency investing Post by The_Barnacle on Dec 11th, 2018 at 9:01pm Amadd wrote on Dec 10th, 2018 at 5:43am:
Have a read of the "For The Record" thread. People have been claiming the timing is NOW for at least the past 10 years. I'm not going to live my life in fear |
Title: Re: Crypto currency investing Post by freediver on Dec 11th, 2018 at 10:27pm Quote:
I think most people don't care, and the very few that do realise that it is not a whim at all and has a stabilising effect. |
Title: Re: Crypto currency investing Post by Amadd on Dec 21st, 2018 at 11:28pm Amadd wrote on Dec 10th, 2018 at 5:43am:
Oh well, if you don't want to protect your money and make money on shorts and different avenues then that's your prerogative. ;D ;D ;D Of course, I'd already dumped my shares 2 months prior and they have dropped ever since. Stay tuned and I'll let you know when to buy back irregardless of a dead cat bounce. My timing has been as perfect as it gets. |
Title: Re: Crypto currency investing Post by Rhino on Dec 21st, 2018 at 11:54pm Amadd wrote on Dec 21st, 2018 at 11:28pm:
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Title: Re: Crypto currency investing Post by Amadd on Dec 22nd, 2018 at 12:38am rhino wrote on Dec 21st, 2018 at 11:54pm:
Probably buy back in at the next QE. But do you think that's really going to solve any long term debt problems? |
Title: Re: Crypto currency investing Post by Amadd on Dec 26th, 2018 at 12:57am Amadd wrote on Dec 22nd, 2018 at 12:38am:
Maybe you can buy back now to get the bounce and sell quick, or look for companies that turn good profits for the long term. We are in unsustainable debt, so I'm happy enough to take the profits and be out for a long time probably. I don't even think there will be too much confidence in another QE really. Super has no doubt already lost a lot if you hadn't already changed your options a couple of months ago. I can't even be bothered thinking about it much atm. I'll probably wait awhile and buy some property later on if that's a good option. There's lots of dickhead property investors(?) out there that I'd like to exploit. Crypto isn't an option for me now. I looked at it a long long time ago and thought it an interesting concept, but I missed the boat on that one. I should have had an interest bet at least, but alas, I didn't. :( Mining stocks maybe (oil is so cheap), and a bit of hard PM's if it really turns to crap, which it should in all reality considering the debt levels. |
Title: Re: Crypto currency investing Post by Pho Huc on Dec 27th, 2018 at 10:48pm
Bought the BTC back I sold at 10k a few weeks ago. Will buy more if it goes 2800-1200. probably grind along here for some months then start to head back up IMO. (All i do is trade crypto since 2016)
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Title: Re: Crypto currency investing Post by The_Barnacle on Dec 30th, 2018 at 11:04am
It seems like every asset bubble has a famous anecdote of someone claiming, right at the top, that a crash is impossible. In the great Bitcoin bubble of late 2017, the honor goes to John McAfee, founder of computer security company McAfee LLC, and passionate cryptocurrency evangelist. On Dec 7, 2017, he wrote:
Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else A few days later, Bitcoin’s price briefly peaked at $19,511, before it began an epic plunge that would see the original cryptocurrency lose approximately 82 percent of that value as of the writing of this column: https://www.bloomberg.com/opinion/articles/2018-12-11/yep-bitcoin-was-a-bubble-and-it-popped Of course with every bubble we will also here the retrospective anecdotes of how people saw it coming and sold the day before the crash. Just like gamblers only ever talk about their wins |
Title: Re: Crypto currency investing Post by freediver on Dec 31st, 2018 at 7:59am
I was telling people to avoid buying bitcoin in the leadup to the last crash. It has happened several times before.
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