crypto currency discussion

[shocka1212]

the recent surge was done to do a massive dump in the coming days. all lower media channels are pimping hard for bitcoin and other coins....expect a big sell off in the coming days if the price goes anywhere close to 10k and the next dip will touch down 5k.

this thread had a good run...later guys.

[PSD999]

Most cryptocurrencies are likely to fail with their value falling to zero, Goldman Sachs said in a note, comparing the current market to the "internet bubble of the late 1990s."
https://www.cnbc.com/2018/02/07/most...achs-says.html

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

[grease lightnin]

https://www.cnbc.com/2017/08/14/gold...-500-more.html

Investment banks are wrong all the time.

But that doesn’t mean they are wrong more than they’re right. Or that you should just throw out whatever they say.

The thing in that article that jumped out at me was his comment that all cryptos are highly correlated, and this is cause for concern.

I should have known it would tank when I saw the show shine boy indicator flashing red a few weeks back.

[raiders72001]

Investment banks are wrong all the time.

But that doesn’t mean they are wrong more than they’re right. Or that you should just throw out whatever they say.

The thing in that article that jumped out at me was his comment that all cryptos are highly correlated, and this is cause for concern.

I go a lot further than you do in discrediting the banking industry. You can throw out the opinions of those involved with banks. Bitcoin is a direct threat to banks.

Sports gambling, stocks and cryptos are three totally different gambling markets with the exception of the regulated bitcoin futures market although the futures market isn't affecting the price.

[Arky]

I only caught about the last half on the senate hearings yesterday but I got the feeling most in the room were pro-crypto and pro-cryptotech. It was really good to see. It only makes sense that the United States would take this position - we're a nation of capitalists and tech lovers.

"Give me your tired, your poor, your s**t coins....."

If all these other countries want to get out or prevent their citizens from investing, let 'em go. The US, Western Europe and Japan will pick up the slack, IMO....it might keep the market depressed for a long time but you have to think the block-chain technology is here to stay....

It's a market where unsubstantiated rumors can send the market rising or plunging on a whim. The gambler in me loves the volatility but even I am hoping for a little stability to ground things for a while..... Whether that's at 8k, 10k, 12k or whatever - just a little stability so some of these alt-coins have a chance to grow on their own....

[horja1]

Binance is down

[SnakesPicks]

hey quick question,if i had $100 in my btc wallet,and i wanna load my bitpay card,how much would i be able to load to bitpay?the other week i couldnt even load $50 and i had $80 in my btc wallet.

I have been checking BTC credit card options and have yet to find one that is currently usable for residents of the USA. If you are in the USA Bitpay is NOT an option at the moment.

[SnakesPicks]

tired of getting kicked in the nuts every day

when will this downswing end?

Think long term... like May or December 2018. he he he...

[SnakesPicks]

Ripple's gone from 3.31 to .84 in a month

Ripple was crazy overvalued at 3 bucks plus though. Made a little shorting that shit and I had a lousy base price of 13,700 Satoshi. If you shorted it when it hit 20,000+ Satoshi, you coulda made a killing. I wouldn't be surprised if it went back to 4,000 Satoshi or less even.

[horja1]

Binance is down

Wow

Still waiting on data copy, it will take a while, another 10 hrs at the current estimate. Due to the unexpected length of time, we will allow 30 mins for people to withdraw orders before trading resumes when system is back.

[firekillex]

got a big winner from the group im in coming this week...
it just dropped on exchanges and could be a BIG winner , long term hold

[horja1]

Wow

At least 15 more hours of Binance downtime

[ByeShea]

Bitcoin is a direct threat to banks.

I closed on a property yesterday morning. It was all good, but the process was a pain in the ass since mid-December. Someday blockchain is going to speed and cheapen transactions up. I have no doubt banks are on full disruption alert.

[ByeShea]

I only caught about the last half on the senate hearings yesterday but I got the feeling most in the room were pro-crypto and pro-cryptotech. It was really good to see. It only makes sense that the United States would take this position - we're a nation of capitalists and tech lovers.

"Give me your tired, your poor, your s**t coins....."

And not a hub of oppressive regulation!

I should know, that's my field. We watch financial regulatory agencies very closely - instinctively waiting for shoes to drop (across all of finance, btw, not just crypts) ... but it's not happening. Yet.

[grease lightnin]

Do you guys think the Lightning Network will be up this year and should that run up btc value?

[grease lightnin]

I closed on a property yesterday morning. It was all good, but the process was a pain in the ass since mid-December. Someday blockchain is going to speed and cheapen transactions up. I have no doubt banks are on full disruption alert.

The mortgage process? That doesn’t have anything to do with the speed of a money transfer.

That is because they have to cross all their t’s and dot their l’s to underwrite your loan.

Blockchain will not help this.

[PaperTrail07]

whenever people say binance is down I get right in lol

[hotcross]

Grease, there is some controversy about the true meaning of the Lightning Network, more than some here will care to admit or even realize. Sorry but I'll leave it at that.

And as for your post in reply to the mortgage paperwork efficiency, you clearly do not understand anything about the difference between "blockchain" technology, vs. the cryptocurrencies.

Nothing personal. You just should stop posting in this thread until you become knowledgeable.

[horja1]

whenever people say binance is down I get right in lol

There is no trading on Binance

[reigle9]

I closed on a property yesterday morning. It was all good, but the process was a pain in the ass since mid-December. Someday blockchain is going to speed and cheapen transactions up. I have no doubt banks are on full disruption alert.

there's also a deed check in there that takes a ridiculous amount of time (or maybe that varies per state idk)

[Bluehorseshoe]

Today is the first day I've seen BCH move in the opposite direction of Bitcoin since they got on Coinbase. BCH made a decent move up.

[ByeShea]

I wrote "Someday blockchain is going to speed and cheapen transactions up".

The mortgage process? That doesn’t have anything to do with the speed of a money transfer.

That is because they have to cross all their t’s and dot their l’s to underwrite your loan.

Blockchain will not help this.

I think you just prefer to argue. Top 3 results in Google.

3 ways blockchain could transform real estate in 2018

Blockchain in commercial real estate

Blockchain technology threatens the middleman in real estate transactions

There are a number of real estate centric blockchain applications ... the one I'm most familiar is Propy (token: PRO)... Propy integrates blockchain ledger for the governments to make title deeds issuance for your property instantly online, secure and cost-effective.

I know some people, smart people, who are evangelical about PRO. I don't know if they have an official relationship with Propy. That said, they shill so hard I'd say they're more passionate about its price than the product, which to me is off putting.

[mngambler]

Do you guys think the Lightning Network will be up this year and should that run up btc value?

Absolutely, assuming all goes as planned I think "faster & cheaper" is obviously a good thing, hopefully it helps create more use cases for Bitcoin other than being a stored value, ie 'more transactions' whether they are for purchasing goods or just sending money back and forth.

I truly believe we are still in the "toddler" stages of all this crypto and the guys who hold on for dear life are going to come out in MUCH higher income brackets, will the road to riches be paved smooth? hell no, but if you watch the market closesly you can see almost daily/weekly progress, they are overcoming obstacles, more businesses/retailers are coming on board, more chatter from celebs, and other media personalities, and the list goes on and on...much more good to come in the next 1-2 years imo

[grease lightnin]

I wrote "Someday blockchain is going to speed and cheapen transactions up".



I think you just prefer to argue. Top 3 results in Google.

3 ways blockchain could transform real estate in 2018

Blockchain in commercial real estate

Blockchain technology threatens the middleman in real estate transactions

There are a number of real estate centric blockchain applications ... the one I'm most familiar is Propy (token: PRO)... Propy integrates blockchain ledger for the governments to make title deeds issuance for your property instantly online, secure and cost-effective.

I know some people, smart people, who are evangelical about PRO. I don't know if they have an official relationship with Propy. That said, they shill so hard I'd say they're more passionate about its price than the product, which to me is off putting.

Someday, yes, I can see where it could make things more efficient, and speed things up some. But as long as the govt is involved and everything is getting bought up by Fannie Mae it will be fraught with red tape.

I am not in the mortgage business, but I have a lot of experience in holding people’s hands through the process and it seems like there are always hurdles that come up and prolong the process because the underwriters need some stupid verification to fit the loan within Fannie/Freddie guidelines. Fuk even portfolioed loans with big banks have similar guidelines and dumb shit comes up.

And these hurdles are always after you think the loan is good to go and on time to close, and the jndwrwriter is like “hold up, I need proof of a $63 deposit the IRS made into your bank account two years ago for your refund, to prove you filed. Normally we only need the signed tax return to prove it, but since you filed an extension we need proof of the $63 deposit”. Like whaaa?

Seriously, it is dumb shit like that all the time and it is always something different. There seem to be countless “one-off” hurdles that you have never seen before and will probably never see again. Always something different.

Blockchain may help, though, one day. I am not an expert on Blockchain and I am literally the most negative person on the planet when it comes to mortgage underwriting. I fukking hate it.

[raiders72001]

I closed on a property yesterday morning. It was all good, but the process was a pain in the ass since mid-December. Someday blockchain is going to speed and cheapen transactions up. I have no doubt banks are on full disruption alert.

Technologies like blockchain have the potential to change the game in the financial services industry by not only speeding up and providing complete visibility into financial transactions, but also significantly reducing costs.

https://www.housingwire.com/blogs/1-...ckchain-primer

[shocka1212]

I closed on a property yesterday morning. It was all good, but the process was a pain in the ass since mid-December. Someday blockchain is going to speed and cheapen transactions up. I have no doubt banks are on full disruption alert.

which state? I work out of NJ and NY.

[The Giant]

With everyone expecting another BTC dip, is now a good time to sell? And then buy back in a couple of days/weeks?

[BeatTheJerk]

With everyone expecting another BTC dip, is now a good time to sell? And then buy back in a couple of days/weeks?

It hasn’t re-dipped yet pal, wait. Under 7k then buy. You should be holding it in USD when it’s steady like this. Yeah so in your case sell.

[The Giant]

It hasn’t re-dipped yet pal, wait. Under 7k then buy. You should be holding it in USD when it’s steady like this. Yeah so in your case sell.

The steadiness usually means a dip is coming?

[jjgold]

Don’t try to trade his thing you’ll go broke

[bonzaii]

You should invest all your money in bitcoin and ethereum and you can retire in Costa Rica in a few years.

[bonzaii]

Can we get a line for when this thread will hit a million views

[BeatTheJerk]

The steadiness usually means a dip is coming?

I have no bleeping clue, but I’m watching it closely Giant.

[Chi_archie]

[The Giant]

I have no bleeping clue, but I’m watching it closely Giant.

Appreciate the honesty.

I've been holding it (and gambling with it) for what seems like forever. I've never really thought about selling it before, but everyone seems to think another dip is coming. I would hate to sell and see it skyrocket. That would hurt.