Australian Politics Forum - Crypto currency investing

Pho Huc Gold Member Offline Australian Politics Posts: 985 Victoria Gender:	Crypto currency investing Aug 24^th, 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.
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____ Gold Member Offline Australian Politics Posts: 33410 Australia Gender:	Re: Crypto currency investing Reply #1 - Aug 25^th, 2017 at 9:19pm Did you keep or sell your Bcash?
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Pho Huc Gold Member Offline Australian Politics Posts: 985 Victoria Gender:	Re: Crypto currency investing Reply #2 - Sep 11^th, 2017 at 9:53pm sold at 720 US, Not a huge fan of BCC.
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The_Barnacle Gold Member Offline Australian Politics Posts: 6205 Melbourne Gender:	Re: Crypto currency investing Reply #3 - Sep 12^th, 2017 at 11:08am Pho Huc wrote on Aug 24^th, 2017 at 12:21am: Crypto currency investing I wouldn't consider it investing. It's more like gambling.
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____

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Re: Crypto currency investing
Reply #4 - Sep 13^th, 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/

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TheFunPolice Gold Member Offline Australian Politics Posts: 9009 waggawagga Gender:	Re: Crypto currency investing Reply #5 - Sep 15^th, 2017 at 2:35pm The_Barnacle wrote on Sep 12^th, 2017 at 11:08am: Pho Huc wrote on Aug 24^th, 2017 at 12:21am: Crypto currency investing I wouldn't consider it investing. It's more like gambling. So the American economy should stay away from it? (... or were those rumours always completely fanciful?)
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The_Barnacle

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Re: Crypto currency investing
Reply #6 - Sep 16^th, 2017 at 5:15pm

TheFunPolice wrote on Sep 15^th, 2017 at 2:35pm:

The_Barnacle wrote on Sep 12^th, 2017 at 11:08am:

Pho Huc wrote on Aug 24^th, 2017 at 12:21am:

Crypto currency investing

I wouldn't consider it investing. It's more like gambling.

So the American economy should stay away from it? (... or were those rumours always completely fanciful?)

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

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Pho Huc

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Re: Crypto currency investing
Reply #7 - Sep 28^th, 2017 at 1:09am

____ wrote on Sep 13^th, 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/

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.

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Pho Huc

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Re: Crypto currency investing
Reply #8 - Sep 28^th, 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.

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Pho Huc Gold Member Offline Australian Politics Posts: 985 Victoria Gender:	Re: Crypto currency investing Reply #9 - Sep 28^th, 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.
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Re: Crypto currency investing
Reply #10 - Oct 1^st, 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-a...

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it_is_the_light

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Re: Crypto currency investing
Reply #11 - Oct 4^th, 2017 at 8:03am

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-laga...

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ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : ) ╰დ╮ॐ╭დ╯

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____ Gold Member Offline Australian Politics Posts: 33410 Australia Gender:	Re: Crypto currency investing Reply #12 - Oct 9^th, 2017 at 8:27pm John McAfee: ‘Worldwide phenomenon’ Bitcoin frightens governments https://calvinayre.com/2017/10/09/bitcoin/john-mcafee-worldwide-phenomenon-bitco...
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it_is_the_light Gold Member Offline Christ Light Posts: 41417 The Pyramid of LIGHT Gender:	Re: Crypto currency investing Reply #13 - Oct 10^th, 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
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____ Gold Member Offline Australian Politics Posts: 33410 Australia Gender:	Re: Crypto currency investing Reply #14 - Oct 10^th, 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_...
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