crypto currency discussion

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  • k13
    SBR Posting Legend
    • 07-16-10
    • 18081

    #5566
    Is there any book that has props on bitcoin prices?
    Comment
    • ChuckyTheGoat
      BARRELED IN @ SBR!
      • 04-04-11
      • 36961

      #5567
      Originally posted by Mac4Lyfe
      Guys - we are at the ground floor of a revolution. You have to understand where we are at. We have unprecedented amount of people/money being dumped into this technology. It's at levels that no one has anticipated. All of these coins are going to go up. Just be a part of the explosion. Here's a BIG clue that this shit has gone meteoric. A lot of exchanges can't keep up with the amount of money they are receiving, so they are turning down the cash for now.

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      Thanks for your patience at this time.
      Plz comment on this. Are u saying that we should expect a delayed increase in BtC price?

      IE, the demand is surging. Just need to figure out a way to facilitate T/A's.
      Where's the fuckin power box, Carol?
      Comment
      • Mac4Lyfe
        SBR Aristocracy
        • 01-04-09
        • 48366

        #5568
        Originally posted by dlowilly
        TRX taking a big smelly dump
        Tron was 0.002 in December. It's currently 0.072. That's 3600% in a month in a half.

        This race is not won by the swift...
        Comment
        • Mac4Lyfe
          SBR Aristocracy
          • 01-04-09
          • 48366

          #5569
          Originally posted by ChuckyTheGoat
          Plz comment on this. Are u saying that we should expect a delayed increase in BtC price?
          IE, the demand is surging. Just need to figure out a way to facilitate T/A's.
          Yes, I believe we are seeing lower volumes as people are trying to figure out how to buy. It is very complicated for the average Joe to buy any crypto. Then when you have exchanges down for weeks, transactions go down, which means loss of momentum. There's a lot of technology behind these coins, there's some consolidation going on as well, but as companies figure it out they will start actually making money which will drive prices up. I think all coins will continue to go up the next few years like they have the last few years. 2 bad weeks means nothing. Look at where all these coins were 6 months, 3 months, 1 month ago?
          Comment
          • ace7550
            SBR MVP
            • 05-08-15
            • 3729

            #5570
            Originally posted by Mac4Lyfe
            Yes, I believe we are seeing lower volumes as people are trying to figure out how to buy. It is very complicated for the average Joe to buy any crypto. Then when you have exchanges down for weeks, transactions go down, which means loss of momentum. There's a lot of technology behind these coins, there's some consolidation going on as well, but as companies figure it out they will start actually making money which will drive prices up. I think all coins will continue to go up the next few years like they have the last few years. 2 bad weeks means nothing. Look at where all these coins were 6 months, 3 months, 1 month ago?
            Exactly
            Comment
            • dlowilly
              SBR Posting Legend
              • 11-09-16
              • 13862

              #5571
              Call me crazy but I also think it's a good sign these credit card companies are blocking crypto purchases at these sites

              You don't pitch around a bad hitter if that makes any sense
              Comment
              • Mac4Lyfe
                SBR Aristocracy
                • 01-04-09
                • 48366

                #5572
                Originally posted by dlowilly
                Call me crazy but I also think it's a good sign these credit card companies are blocking crypto purchases at these sites
                You don't pitch around a bad hitter if that makes any sense
                Totally agree. They are scared for their livelihoods. It's in their best interest to slow down the train.
                Comment
                • The Kraken
                  BARRELED IN @ SBR!
                  • 12-25-11
                  • 28917

                  #5573
                  This game will be won in the later innings, likely after a lot of average joe money is out, and institutional money is all that’s left.

                  There is still no real product yet. Yes, there’s progress but not a strong product. Guys like charlie lee and vitalyik buterin are sending out warnings once a week about the overvaluation of the current market.

                  Personally, I’m heeding those warnings. I’m not taking my $$$ out but I think we’re gonna see a prolonged contraction soon.

                  I think 2018 is gonna be a test for cryptos.
                  Comment
                  • dlowilly
                    SBR Posting Legend
                    • 11-09-16
                    • 13862

                    #5574
                    Originally posted by The Kraken
                    This game will be won in the later innings, likely after a lot of average joe money is out, and institutional money is all that’s left.

                    There is still no real product yet. Yes, there’s progress but not a strong product. Guys like charlie lee and vitalyik buterin are sending out warnings once a week about the overvaluation of the current market.

                    Personally, I’m heeding those warnings. I’m not taking my $$$ out but I think we’re gonna see a prolonged contraction soon.

                    I think 2018 is gonna be a test for cryptos.
                    I just don't see how someone can say it's overvalued when the exchanges are currently turning away new money. The value is based on what someone is willing to pay for it, and there are currently what, hundreds of thousands, maybe a million people who are waiting to buy, not sell, BUY

                    I agree this craze has dangerous similarities to other historic bubbles, but how can it be near the bubble when so much money is waiting to enter?
                    Comment
                    • shocka1212
                      SBR Posting Legend
                      • 10-06-12
                      • 16788

                      #5575
                      Originally posted by dlowilly
                      Call me crazy but I also think it's a good sign these credit card companies are blocking crypto purchases at these sites

                      You don't pitch around a bad hitter if that makes any sense
                      CC's have too much protection (disputed charges etc) and shenanigans... for capital gains purposes, makes more sense to only allow it with secured funds. same way you can't buy a stock with physical currency

                      edit: didn't know the full word was banned from the forum. (odd) my apologies
                      Comment
                      • shocka1212
                        SBR Posting Legend
                        • 10-06-12
                        • 16788

                        #5576
                        Originally posted by SnakesPicks
                        What is ADA?
                        Comment
                        • dlowilly
                          SBR Posting Legend
                          • 11-09-16
                          • 13862

                          #5577
                          Originally posted by shocka1212
                          CC's have too much protection (disputed charges etc) and shenanigans... for capital gains purposes, makes more sense to only allow it with secured funds. same way you can't buy a stock with physical currency
                          I think I understand what ur saying but could you give an example?
                          Makes sense but they won't even allow it to be treated as a cash advance. I can get chips in a casino or load a fantasy account with a credit card but not buy crypto?
                          Comment
                          • shocka1212
                            SBR Posting Legend
                            • 10-06-12
                            • 16788

                            #5578
                            Originally posted by dlowilly
                            I think I understand what ur saying but could you give an example?
                            Makes sense but they won't even allow it to be treated as a cash advance. I can get chips in a casino or load a fantasy account with a credit card but not buy crypto?
                            exactly... they want it treated as an asset class, not a novelty for retirees to blow their social security away on. Also, look at the loop holes in the taxation of the other vices you mentioned.
                            Comment
                            • TPowell
                              SBR Posting Legend
                              • 02-21-08
                              • 18842

                              #5579
                              Originally posted by dlowilly
                              I just don't see how someone can say it's overvalued when the exchanges are currently turning away new money. The value is based on what someone is willing to pay for it, and there are currently what, hundreds of thousands, maybe a million people who are waiting to buy, not sell, BUY

                              I agree this craze has dangerous similarities to other historic bubbles, but how can it be near the bubble when so much money is waiting to enter?

                              Is it a lot of new money or is it a lot of new users with some money? Big difference there and I'm starting to think the latter.
                              Comment
                              • ans61201
                                SBR MVP
                                • 10-11-15
                                • 3661

                                #5580
                                Totally unrelated, but bought trx at .02 got lured in on the run it went on and bought way more at 12-14 cents. I haven’t cashed out a coin in a while, but had a weird feeling to cash out at .09 transferred the balance of what it got me over to my book in btc and rode it all on the warriors. so pretty much back to my initial buy in on trx + some change 😂😂

                                “Not investment advice”

                                Now can we see some coins in green.

                                Good luck tomorrow everyone/this week
                                Comment
                                • ans61201
                                  SBR MVP
                                  • 10-11-15
                                  • 3661

                                  #5581
                                  Problem that I believe were seeing, which is why I was more bearish on the South Korea news and other negative Pr than others on this forum, is that theres a lot of new/small money introducing to the space, with their 500-2000 to invest, that see all of these “bitcoin millionaire” stories and think they’re going to get rich overnight, not having a clue of the wild swings these coins take, and going out the minute they start losing money. And whales are taking advantage of this big time, which is why I think we’re seeing extended red.

                                  Proof: just look at how many times a random person who’s been positing about crypto for 4 days posts “to the moon” about a coin in a given hour. It’s in the tens of thousands on twitter
                                  Comment
                                  • The Kraken
                                    BARRELED IN @ SBR!
                                    • 12-25-11
                                    • 28917

                                    #5582
                                    I’m not sure there are any actual products or services yet that warrant the money being thrown at it. Value is whatever someone decides it is but it is a dynamic principle, at some point people have to get actual tangible benefits from cryptos or that value disappears.

                                    And I think 2018 is that test.

                                    Plus, I’m not sure how much new money is actually going to come pouring in. What I do know is that lost almost $200,000,000,000 recently
                                    Last edited by The Kraken; 01-16-18, 02:08 AM.
                                    Comment
                                    • shocka1212
                                      SBR Posting Legend
                                      • 10-06-12
                                      • 16788

                                      #5583
                                      waiting another day or two before I pull the trigger on zrx
                                      Comment
                                      • ans61201
                                        SBR MVP
                                        • 10-11-15
                                        • 3661

                                        #5584
                                        Originally posted by The Kraken
                                        I’m not sure their are any actual products or services yet that warrant the money being thrown at it. Value is whatever someone decides it is but it is a dynamic principle, at some point people have to get actual tangible benefits from cryptos or that value disappears.

                                        And I think 2018 is that test.

                                        Plus, I’m not sure how much new money is actually going to come pouring in. What I do know is that lost almost $200,000,000,000 recently
                                        Also note how fast that amount + more got pumped in, people made a shit ton of profits. Would be irresponsible not to take some if you’re a whale. + if you can manipulate some new average joes along the way and buy your same coin back a couple weeks later I don’t see why they wouldn’t. I think it’s still early to call what exactly this delayed red is.
                                        Comment
                                        • The Kraken
                                          BARRELED IN @ SBR!
                                          • 12-25-11
                                          • 28917

                                          #5585
                                          Ya, I don’t hate the player or the game. Smart money wins. I guess at some level I think it’s dishonest for whales or pnd groups to manipulate the market for personal gain at the expense of less experienced traders but hey, life’s not always fair. Overtime more regulations will find their way in. In the mean time, I’m just trying to stay on the high side.

                                          I was looking at volume today and literally had more btc than a few coins had in volume over 24h

                                          I’m gonna whale a few coins
                                          Comment
                                          • ans61201
                                            SBR MVP
                                            • 10-11-15
                                            • 3661

                                            #5586
                                            Btc in a pretty quick nose dive. Lowest in a while.
                                            Comment
                                            • Bucketwah
                                              SBR Sharp
                                              • 08-14-09
                                              • 476

                                              #5587
                                              Not the best of nights..
                                              Comment
                                              • ans61201
                                                SBR MVP
                                                • 10-11-15
                                                • 3661

                                                #5588
                                                Yikes.
                                                Comment
                                                • Bsims
                                                  SBR Wise Guy
                                                  • 02-03-09
                                                  • 827

                                                  #5589
                                                  Originally posted by dlowilly
                                                  I just don't see how someone can say it's overvalued when the exchanges are currently turning away new money. The value is based on what someone is willing to pay for it, and there are currently what, hundreds of thousands, maybe a million people who are waiting to buy, not sell, BUY

                                                  I agree this craze has dangerous similarities to other historic bubbles, but how can it be near the bubble when so much money is waiting to enter?
                                                  I've been trying to come up with an analogy to the current crypto market. The best I can do at the moment is a "crowd sourced Ponzi scheme". It wasn't concocted by a single entity, but has morphed into one. The fuel for this is publicity and the new investors. Mac4lyfe is right, the difficulty for new investors in creating and funding accounts is slowing things down. Now add in the publicity of the pullback and one has to wonder how the potential new investors will react. I don't know. Take away the fuel and the fire dies.
                                                  Comment
                                                  • Bsims
                                                    SBR Wise Guy
                                                    • 02-03-09
                                                    • 827

                                                    #5590
                                                    Originally posted by Bsims
                                                    "crowd sourced Ponzi scheme"
                                                    Ponzi schemes are good for early investors and bad for the later ones. The people I worry about are the new ones dumping $50-$100 from each paycheck into cryptos. Even worse are the ones running up credit card charges. It won't end well for many of them.
                                                    Comment
                                                    • k13
                                                      SBR Posting Legend
                                                      • 07-16-10
                                                      • 18081

                                                      #5591
                                                      Originally posted by ans61201
                                                      Problem that I believe were seeing, which is why I was more bearish on the South Korea news and other negative Pr than others on this forum, is that theres a lot of new/small money introducing to the space, with their 500-2000 to invest, that see all of these “bitcoin millionaire” stories and think they’re going to get rich overnight, not having a clue of the wild swings these coins take, and going out the minute they start losing money. And whales are taking advantage of this big time, which is why I think we’re seeing extended red.

                                                      Proof: just look at how many times a random person who’s been positing about crypto for 4 days posts “to the moon” about a coin in a given hour. It’s in the tens of thousands on twitter
                                                      I'm sure you're depositing $20k right now...
                                                      Comment
                                                      • k13
                                                        SBR Posting Legend
                                                        • 07-16-10
                                                        • 18081

                                                        #5592
                                                        My friend who's the biggest Mush in the world got on it two weeks ago.
                                                        Everything he touches turns into shit.

                                                        Expect a lot more pain.
                                                        Comment
                                                        • reigle9
                                                          SBR Posting Legend
                                                          • 10-25-07
                                                          • 17879

                                                          #5593
                                                          Originally posted by k13
                                                          I'm sure you're depositing $20k right now...
                                                          you don't think people have 20k invested?
                                                          Comment
                                                          • k13
                                                            SBR Posting Legend
                                                            • 07-16-10
                                                            • 18081

                                                            #5594
                                                            Originally posted by reigle9
                                                            you don't think people have 20k invested?
                                                            Yeah, from gains they made the last year.

                                                            No one here is depositing fresh $20k from their savings.
                                                            Comment
                                                            • Bluehorseshoe
                                                              SBR Posting Legend
                                                              • 07-13-06
                                                              • 14985

                                                              #5595
                                                              Comment
                                                              • slambam
                                                                SBR MVP
                                                                • 02-07-10
                                                                • 1653

                                                                #5596
                                                                The bubble is mid burst right now boys.
                                                                Comment
                                                                • Crusherrr
                                                                  SBR MVP
                                                                  • 06-27-16
                                                                  • 3647

                                                                  #5597
                                                                  Originally posted by k13
                                                                  Yeah, from gains they made the last year.

                                                                  No one here is depositing fresh $20k from their savings.
                                                                  They absolutely are.
                                                                  Comment
                                                                  • jayc88
                                                                    Restricted User
                                                                    • 12-30-07
                                                                    • 6785

                                                                    #5598
                                                                    Originally posted by reigle9
                                                                    you don't think people have 20k invested?
                                                                    I'm investing tons of money to go short in Bitcoin. Easiest money i have ever made. Going short above recent highs and buying back below recent lows.
                                                                    Comment
                                                                    • mackave
                                                                      SBR MVP
                                                                      • 03-22-14
                                                                      • 4972

                                                                      #5599
                                                                      Slaughter house out there boys and girls, take it easy...
                                                                      Comment
                                                                      • TPowell
                                                                        SBR Posting Legend
                                                                        • 02-21-08
                                                                        • 18842

                                                                        #5600
                                                                        Well, if you are still in the game you might as well drop down some more cash on sub 12K BTC
                                                                        Comment
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