Its just great to see every day campaigners and flogs like us make a quid at the banks expense!!
Cryptocurrency mega-thread
- Thread starter DapperJong
- Start date
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funk44
Skookum Choocher
- Mar 31, 2010
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Exactly. **** the greedy campaigners
Yellow Feathers
Norm Smith Medallist
Most of my friends and family think I'm off my rocker. Everyone at the Christmas lunch kept regurgitating the whole "Bitcoin is a bubble", "The market just crashed" spiel. I didn't know my family had so many closet experts in macro economics, go figure.
I'd wager that for every 10 people that have heard about crypto, only 1 has the courage to actually invest in them.
Aww someone is grumpy that they missed out on the price surge. Anger is the second stage of grief. Cheer up buttercup.
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cryptor
Brownlow Medallist
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To be fair there most likely is a bubble with Bitcoin. Doesn't mean blockchain and cryptocurrencies won't be a successful thing in the long term. Looking at a lot of the things that historically have had big bubbles the things at their core have still gone on to be amazingly successful (eg. dot.com bubble --> internet business is huge now)
Summer Nights
Norm Smith Medallist
- Banned
- #1,606
Bitcoin is more like a balloon that will slowly deflate while others inflate.
Rustin Cohle
Flat Circle
Cool story.
More grumpy at all the dumb money flowing into a coin that has little room for growth and having to listen to 'experts' claiming it's the next bitcoin after being in crypto for like two weeks. All this exciting tech and innovation around and people are just pure FOMOing with no research at all. These people will probably be the same ones talking about how crypto is a big scam when they inevitably get burned.
EDIT: And yes, I've held Ripple in the past.
Summer Nights
Norm Smith Medallist
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There’s one in every thread. I suppose we were due?
- Sep 25, 2013
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I still believe it has a place in the market. It has been spoken about as a store of value more so than a currency and I think that’s about right. It’ll always be the first crypto and will be the most mainstream coin for atleast the next 5-10 years. If it is to become obsolete a slow decline is crucial.
Agreed entirely regarding the new wave of 'experts' and people dumping money into crypto with no research. I've been posting on here for 4 years about crypto and for a long time was the only person keeping the GD Bitcoin thread going. Now all of a sudden there's a lot of people who apparently know everything there is to know about XRP yet couldn't explain the S2 server issue or tell you that Ripple hosted SWELL back in October. A lot of people are going to get burned when the shit coins inevitably crash and a lot of people are going to get burned when legitimate coins such as ETH and XRP inevitably drop hard.
Edit: And I disagree regarding Ripple having room for growth. Compared to other coins sure, it's past its peak from the 0.007 days but I still think it can hit $10 by the end of the year. 3.3x is smaller than other coins sure, but I'd rather keep it in something I'm 100% across rather than dump money into scam coins or shit coins.
I know. I’ve got plenty coin in litecoin. I’ve gone the hodl option with this coin.
finally got verified on bittrex... now the fun begins. I wonder if much more growth in TRON, Verge?
- Jul 25, 2010
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This gave me a half chub
Coinbase listing & I'm full mast
Coinbase listing & I'm full mast
- Banned
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Gday, I'd be much obliged if you sent me this same info please.
Gigantic
Brownlow Medallist
It's only the beginning.
YippeeYiYeo
Norm Smith Medallist
- Jun 21, 2015
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Tron has plenty of room for growth. Verge is a disaster waiting to happen IMO. Just the one guy working on the tech... i just cant see how its going to end well. Not releasing Wraith before the end of 2017 is just the start of a lot of problems for XVG i reckon.
typeclub
Norm Smith Medallist
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You'll find TRON on Binance. But yea Bittrex selection is nice, almost anything you want will be on it. I don't mind Power Ledger there, and I'm having a good look at SALT.
Yellow Feathers
Norm Smith Medallist
Agree. Tron has a long way to go and wouldn't go anywhere near Verge now.
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Yeah verge looks a bit suss of late. A few problems starting to brew with it, a few missed deadlines etc.
Cheers for the tips.
Cheers for the tips.
Interesting graph...
Can either go one extreme or the other. A recent fad that just won't get the longterm exposure or this could potentially be massive with loads of room to grow. I think that's how I read it?
Crypto is being classed as an asset.
If you hold the asset for more than 365 days the tax is paid on half the profit...So if you had a taxable income of 50k and made a 10k profit from crypto your taxable income would be 55k if you held the crypto 365+ days.Less than 365 days,taxable income 60k.
typeclub
Norm Smith Medallist
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To Andromeda!
Yep,as some experts say we're in the mania phase which will transition to self fulfilling.