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Cryptocurrency mega-thread

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HAS to be money laundering, or this rock was swapped for other kids of rock.

Yeah man, it's bizarre whatever it is that's going on. Can't see many drug dealers accepting them though!

Might actually be good for ETH as since the recent upgrade, I think a portion of the transaction fees now get burnt.

So it's reducing the supply of ETH. Over 12,000 ETH burnt since the upgrade, from what I read today.
 
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10 years ago today bitcoin was trading at $7.90US.

Hoping it breaks strong resistance and get to $10.00.

Come on.
 

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Exactly. Imagine being UNHAPPY with 4x on your investment. You can bang on about opportunity cost all you like, about how others are increasing at a faster rate, however they are more volatile and you're just as likely to lose it at the same rate.

I would be interested to hear the breakdown on some portfolio's on here. I never have more than ~5% in mid-low caps.

At the moment:
80% SOL
20% ETH

SOL is such a high % because it has seriously outperformed since I bought it. I remember telling people on here about it in February when it was $4...

EDIT: Also own some Matic which I forgot about (probably about half the value of my ETH holding)
 
At the moment:
80% SOL
20% ETH

SOL is such a high % because it has seriously outperformed since I bought it. I remember telling people on here about it in February when it was $4...

EDIT: Also own some Matic which I forgot about (probably about half the value of my ETH holding)
I love the Solana project, I reckon it can definitely be a consistent top 5 coin once it properly takes off
 

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Well looks like the crypto tax regulation didn’t go the way everyone wanted it to in the US overnight, but it doesn’t take effect until 2023 and has a lot of political approval processes still required before then.

 
Jason Akermanis has launched his own cryptocurrency.

"In the 11 years since he retired from AFL, ex-Brisbane Lions star Jason Akermanis hasn’t given up on fame and has since turned his attention to cryptocurrency. Last Tuesday, he launched his own Australian cryptocurrency, Zucoin, which he expects to make in excess of $6 billion.
“It’s simply a much better product than bitcoin,” Mr Akermanis told news.com.au, expecting it to rock the crypto world in coming months.

“The biggest problem in crypto – we call them the triennial problem. You’ve got cost, speed – it could take four minutes or four hours (to mine crypto) — and then you’ve got scalability. “Zucoin solves every problem. “The cost is a text message, the speed is an instant.” Zucoin has been four years in the making and it’s cost $23 million to get up and running. Mr Akermanis, 44, says they’ve already made that money back in the week since the platform launched.

There are 1843 people who have purchased at least one Zucoin, at time of writing. A lot of them are investors who bought the coins off the market. “At least a tenth of them came through me direct,” Mr Akermanis added. “They (the coinholders) vary from buying one to 300,000 coins. “Ranged from about $400 to $1.6 million (in expenditure).” Each coin costs $60, which makes it the most expensive cryptocurrency yet in terms of it initial price.

Bitcoin launched back in 2009 for $0. A year later, it was selling for less than a cent and by 2011, was worth $1 per coin. The second biggest cryptocurrency, Ethereum, wasn’t much different, first trading for $3.76 in 2015. Now bitcoin is worth $59,095.68 while Ethereum is $3,986.58. Despite the volatility of the market, Zucoin, unlike its rivals, cannot drop below $60 per coin. “We put in the software where you can’t sell for less (than $60),” Mr Akermanis said. “It cancels the order. You can try but you won’t be able to do it."

Mr Akermanis believes his coins are far superior to the others out there. “Bitcoin has restricted itself because it’s not going to last,” the former sports player said. “It has 12 million coins, that can be broken down into 16 parts per coin. “If bitcoin was at $100,000 per coin, it doesn’t break down enough for me to do small transactions.” For the average punter, they wouldn’t be able to afford bitcoin if the price keeps going up, according to him. His coin, on the other hand, is open for anyone. Bitcoin, Ethereum and all the other coins like them go through a crypto exchange which is slow and lacks security. Zucoins go through a server and “works in a split chain, different to a blockchain” making it more secure.

Mr Akermanis started to realise the potential for cryptocurrency in 2010. He was one of the first buyers for Bitcoin, and has since expanded to include all the major players in his cryptocurrency portfolio. If he sold up all his crypto now, he estimates he’d have an extra $250,000 in his pocket or “something ridiculous” like that. But ever the savvy businessman, he has no plans to sell. “The key is to buy regularly and hold, through the highs, through the lows,” he said. “Never selling, just keep buying, only put in whatever you’re prepared to lose.”

After his football career ended, Mr Akermanis entered the world of foreign exchange. It was here where he became involved with notorious businessman Allan Endresz, who was convicted of stock market manipulation in the 1990s and is now embroiled in a racehorse scandal from last year. The two men created Zukaz, an augmented reality company inspired by watching teenagers walk down the street as part of the game Pokemon Go.
Zucoin derived its name from Zukaz. While creating Zukaz, their base of operations was Albury in regional NSW where they employed a local IT guy called Robert Novak. Novak was the one who designed the software which makes Zucoin possible. “He’s the brains of the operation,” Mr Akermanis said. “The real genius isn’t any of us, it’s the software engineer, Robert Novak.”


If Aker launching his own coin while having a limited understanding of crypto isn't a sign of a market bubble then I don't know what is. He's made half a dozen stupid statements in that article alone.
 
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Not sure if he meant to say $200, but I reckon Shupe has a heart attack if Luna reaches those levels!

The fact that a couple of these aren't bad predictions means he's probably not joking. However a few of these are absolutely absurd. For example GET is currently trading around $4 and his market top prediction is $3000?

I hate predictions, but I fully expect a four figure LUNA. Just not this bull run.
 

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