Cryptocurrency mega-thread

[YippeeYiYeo]

Go on.....

How do you solve the volatility issue?

“Huge crypto fan” are you?

If you want answers DYOR and stop looking for debate in here.

 

[Chief]

Chief you don't understand the tech anyhow, so why do you care how many problems it's solved. Some will be successful, lots won't, just like the dot com bubble.

Are people from this thread bombarding your painting and boardgames thread lambasting you for sinking thousands of dollars into boardgames and fantasy miniatures that don't solve any problems whatsoever? Why does playing financial daddy to us appeal to you? Isn't the big footy site the 'choose your own adventure' we always thought it was? To be continued.........

Games are not important. They are worthless except as a hobby.

I don’t know why you are so insulted by my negative attitude towards crypto currencies.

Just ignore my posts if you don’t want to engage. It makes no difference.


On iPhone using BigFooty.com mobile app

 

[YippeeYiYeo]

It’s more annoying than anything. I don’t go into a thread about Art studies and continuely post that it’s crap education and hang around like a bad smell for the sake of “discussion”.

Each to their own I guess, but it’s bizarre what motivates you and others to enter the space you don’t like.

 

[PP34]

“Huge crypto fan” are you?

If you want answers DYOR and stop looking for debate in here.

Nobody talks about how to solve the volatility issue.

You just don't like anyone's opinion that doesn't think crypto is the greatest thing on earth. You can't tell me how to solve the volatility issue because you've got no idea so you just dodge the question.

It’s more annoying than anything. I don’t go into a thread about Art studies and continuely post that it’s crap education and hang around like a bad smell for the sake of “discussion”.

Each to their own I guess, but it’s bizarre what motivates you and others to enter the space you don’t like.

The thread is about cryptocurrency. Talking about things like volatility, adoption etc makes a heap of sense.

 

[Chief]

Nobody talks about how to solve the volatility issue.

You just don't like anyone's opinion that doesn't think crypto is the greatest thing on earth. You can't tell me how to solve the volatility issue because you've got no idea so you just dodge the question.



The thread is about cryptocurrency. Talking about things like volatility, adoption etc makes a heap of sense.

But he has a point - there is a crypto thread in SRP. I will stick to that.

 

[PP34]

But he has a point - there is a crypto thread in SRP. I will stick to that.

This one sees far more attention.

I don't see the problem with all kinds of discussion being in here. Otherwise things get almost cult like. With something as speculative as cryptocurrency it certainly doesn't hurt to hear all sorts of opinions.

 

[woota]

Nobody talks about how to solve the volatility issue.

You just don't like anyone's opinion that doesn't think crypto is the greatest thing on earth. You can't tell me how to solve the volatility issue because you've got no idea so you just dodge the question.



The thread is about cryptocurrency. Talking about things like volatility, adoption etc makes a heap of sense.

ROFL. There are cryptos that have already done that. Here's one such iteration

https://makerdao.com/

 

[YippeeYiYeo]

Nobody talks about how to solve the volatility issue.

You just don't like anyone's opinion that doesn't think crypto is the greatest thing on earth. You can't tell me how to solve the volatility issue because you've got no idea so you just dodge the question.



The thread is about cryptocurrency. Talking about things like volatility, adoption etc makes a heap of sense.

ugh.

/ignore.

 

[PP34]

ROFL. There are cryptos that have already done that. Here's one such iteration

https://makerdao.com/

At least you gave me an answer.

But that also pretty much confirms my point. Coins like Bitcoin are unlikely to ever be anything more than speculative investments. I've got a fair bit of money in Cryptos but just find it hilarious how some on here and elsewhere are constantly saying how all these coins are going to change the way we deal with our money. Anyone who dares question their viewpoint is laughed at or talked to like they're a moron.

ugh.

/ignore.

Because you can't answer me.

 

[woota]

At least you gave me an answer.

But that also pretty much confirms my point. Coins like Bitcoin are unlikely to ever be anything more than speculative investments. I've got a fair bit of money in Cryptos but just find it hilarious how some on here and elsewhere are constantly saying how all these coins are going to change the way we deal with our money. Anyone who dares question their viewpoint is laughed at or talked to like they're a moron.


Because you can't answer me.

No, that doesn't confirm your point. People don't answer you because your ignorance frustrates them.

 

[Chubberson]

At least you gave me an answer.

But that also pretty much confirms my point. Coins like Bitcoin are unlikely to ever be anything more than speculative investments. I've got a fair bit of money in Cryptos but just find it hilarious how some on here and elsewhere are constantly saying how all these coins are going to change the way we deal with our money. Anyone who dares question their viewpoint is laughed at or talked to like they're a moron.


Because you can't answer me.

Who in here said that it will change the way we deal with money? We knew that about bitcoin when futures and wall.street got involved. Whats your point?

 

[Chubberson]

Games are not important. They are worthless except as a hobby.


On iPhone using BigFooty.com mobile app

Thats what you say about crypto, except you don't even understand it properly. If you care so much about what your fellow humans do with their cash, why aren't you over on the gambling boards playing white knight? Gambling is a cancer, yet your happy for it to have air time on big footy.

 

[Duritz]

Roaming Tokyo today...bitcoin is clearly well ingrained here. The Japanese are well onto it!!

Well tell them to pump the price up so my alts go up too!!

 

[Chief]

Thats what you say about crypto, except you don't even understand it properly. If you care so much about what your fellow humans do with their cash, why aren't you over on the gambling boards playing white knight? Gambling is a cancer, yet your happy for it to have air time on big footy.

“You’re”.

 

[Chubberson]

“You’re”.

Okay, so now we are getting somewhere. A little mutual education. Truly a man after my own heart Chief. This is a very small morsel of the scope of Walton chain. Currently only achievable through multiple levels of access and fees and data forwarding mediums.

Think of supply chain and sales data integrated directly into accounting systems and big data analytics. Real world customer behavior tracking. Basically the whole world can be tracked and analyzed in a way that only online trackers can achieve, no wonder Zuckerberg doesn't like crypto. Efficiency plus.

The block chain tech space is constantly evolving and Bitcoin has paved the way for this technology to change the way we do business despite it's intended purpose blah blah currency. Nice Asian women adds Chief, classy

 

[Quixote]

LOL. Thread officially a shit fight.

 

[Bretwalda]

Noob question... Should I be looking at my profit/loss in fiat or Satoshi's? Reason I ask is that when I look at my Ven holdings on Delta, I am -24% in fiat, but up +5% in Satoshi's.

 

[Pea Nut]

Noob question... Should I be looking at my profit/loss in fiat or Satoshi's? Reason I ask is that when I look at my Ven holdings on Delta, I am -24% in fiat, but up +5% in Satoshi's.

Depends really on how you paid for them. If you paid for them with Bitcoin from Bitcoin holdings that you had, then against Satoshi's. If you used fiat to directly buy into eth, then trading that eth for VEN on EtherDelta, then you need to be looking at the fiat price.

 

[Pea Nut]

JP Morgan have gone from calling Bitcoin a fraud and a pyramid scheme, to publishing a "Bitcoin Bible". 71 pages detailing the current state of cryptocurrency, it's applications and challenges, to the future. That is a hint on where this space is heading. It's only a number of months ago the JP Morgan CEO had threatened to immediately fire any employee trading crypto because in his eyes "they were stupid".

https://www.zerohedge.com/news/2018-02-11/jpmorgan-publishes-bitcoin-bible

 

[Mercurial89]

At least you gave me an answer.

But that also pretty much confirms my point. Coins like Bitcoin are unlikely to ever be anything more than speculative investments. I've got a fair bit of money in Cryptos but just find it hilarious how some on here and elsewhere are constantly saying how all these coins are going to change the way we deal with our money. Anyone who dares question their viewpoint is laughed at or talked to like they're a moron.

I like to look at how they can help the extreme ends of society. Does a decentralised technology/currency change the world for me in Australia with access to strong banking system and a stable government and country? Not massively, its more say a convenience.

Now lets look at somewhere overseas. Unstable governments, land that is not titled, currency that can be seized by the government at any time. A decentralised ledger that can be recorded for land titles? So that once it is in the public ledger and we evacuate because of a bombing I can come back and still have a call to that land. those records cant be amended or changed by a change in government. I can walk across borders with access to my financial worth as 24 words in my head. I can barter with other people instead of getting third parties involved that are possibly corrupt.

These are the benefits of the technology of Blockchain. There are companies that are working in each of these spaces, currencies, public records, goods tagging, medical records. The technology is the key and people are developing in that space.

How do you stop the volatility? the same way that most things do. As the technology is better applied, products are applied the market sets the value. Instead of having a company or group saying we would like to solve "this" issue give us money, we now have companies actually working in the space.

As more money is pushed into the market it becomes harder to manipulate. There are many people who were made extraordinarily rich, they can move markets by themselves. This is perhaps an issue if they continue to hold the power but im not entirely sure that power remains the same as the market grows.

How many problems have actually been solved by any of these currencies?

Not vaporware press releases - actual solutions.

How many people are online boasting about losing money? The winners stories in the currency ponzi scheme are survivorship bias.

Then -in the currencies - there’s the heavy reliance on charting.

But anyway, nobody will change their mind based on the evidence now they have bought in.

The technology? The best description I’ve heard is a cool shiny new thing looking for a useful application.

It might find one sooner or later.

Power Ledger.


Take a look into it. Actually company actually doing things in the real world. Also got a 2.9million dollar grant from Aus government to build a smart city in WA.

JP Morgan have gone from calling Bitcoin a fraud and a pyramid scheme, to publishing a "Bitcoin Bible". 71 pages detailing the current state of cryptocurrency, it's applications and challenges, to the future. That is a hint on where this space is heading. It's only a number of months ago the JP Morgan CEO had threatened to immediately fire any employee trading crypto because in his eyes "they were stupid".

https://www.zerohedge.com/news/2018-02-11/jpmorgan-publishes-bitcoin-bible

Yeah they have ben interested for a long time. They aren't fools, when they are saying they weren't invested that is pretty much code for "We are currently not represented well enough in this market don't ask us about it"

Now that they have accumulated enough they are ready to start to move the public how they want to best benefit themselves.

Institutional money hits the space soon. This is why people were so hyped for 2018.

 

[Duritz]

I like to look at how they can help the extreme ends of society. Does a decentralised technology/currency change the world for me in Australia with access to strong banking system and a stable government and country? Not massively, its more say a convenience.

Now lets look at somewhere overseas. Unstable governments, land that is not titled, currency that can be seized by the government at any time. A decentralised ledger that can be recorded for land titles? So that once it is in the public ledger and we evacuate because of a bombing I can come back and still have a call to that land. those records cant be amended or changed by a change in government. I can walk across borders with access to my financial worth as 24 words in my head. I can barter with other people instead of getting third parties involved that are possibly corrupt.

These are the benefits of the technology of Blockchain. There are companies that are working in each of these spaces, currencies, public records, goods tagging, medical records. The technology is the key and people are developing in that space.

How do you stop the volatility? the same way that most things do. As the technology is better applied, products are applied the market sets the value. Instead of having a company or group saying we would like to solve "this" issue give us money, we now have companies actually working in the space.

As more money is pushed into the market it becomes harder to manipulate. There are many people who were made extraordinarily rich, they can move markets by themselves. This is perhaps an issue if they continue to hold the power but im not entirely sure that power remains the same as the market grows.



Power Ledger.


Take a look into it. Actually company actually doing things in the real world. Also got a 2.9million dollar grant from Aus government to build a smart city in WA.



Yeah they have ben interested for a long time. They aren't fools, when they are saying they weren't invested that is pretty much code for "We are currently not represented well enough in this market don't ask us about it"

Now that they have accumulated enough they are ready to start to move the public how they want to best benefit themselves.

Institutional money hits the space soon. This is why people were so hyped for 2018.

Excellent post

 

[Chubberson]

But but, power ledger not real thing blah currency blerp bleep i'm a bot.

 

[maryjames]

Crypto holding nicely.. first time for weeks..

 

[free at last]

Crypto holding nicely.. first time for weeks..

All the crypto traders/charters are still a calling bear market...BTC to hit 9.5k then tumble down to possibly 6k or as low as 4.8k

 

[the PILL]

Oh no.... The Bear market has turned the thread a bit feral...

Personally I'm just as frustrated as the next person who got to play in the small golden period of bullish swing trades and now has to sit and wait for confidence to climb its way back but I think it will certainly turn around as soon as some dust settles and investors find the sweet spots again. But i don't know if we will see the same culture arise again with the CGT on coin to coin trades now starting to be enforced much broadly...

On a positive note I am looking forward to Ethereums (ETH) progress mostly in the Crypto space with the future alignments coming of the Raiden Network and Quantstamp audit protocol implemention...