Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. danny2430

    danny2430 Well-Known Member
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  2. JohnnyChimpo

    JohnnyChimpo This man, Lenny Pepperidge, AKA Lenny the Pep...
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    As long as you don't mind the risk of incarceration
     
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  3. danny2430

    danny2430 Well-Known Member
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    That’s besides the point, money is all that matters right?
     
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  4. Whammy

    Whammy Donde es
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    Bitcoiners were right, let’s abolish all government and go turbo Ron Paul
     
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  5. Lip

    Lip Well-Known Member
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    Based on a survey of consumer expectations….
     
  6. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Tweet below this
    upload_2021-9-14_12-16-41.png
     
  7. Whammy

    Whammy Donde es
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    Just shitposting
     
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  8. danny2430

    danny2430 Well-Known Member
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    Sounding more and more like the big dip last week and the mini dip yesterday (thanks Litecoin) were our last chances to buy low for a while

    But then again nobody knows shit
     
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  9. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I hope that's the case. I don't have much more money I feel comfortable dumping in and don't want to be tempted.
     
  10. danny2430

    danny2430 Well-Known Member
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    I only had like 25% of my orders go off yesterday, may have undershot a bit

    But who knows, maybe we continue to accumulate even with all the talk about how the market is about to explode.
     
  11. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I still think (lol like I know anything) there's some up and downs before we get a really strong run in late October.
     
  12. soulfly

    soulfly Well-Known Member
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    Out of curiosity, is this just hunch/intuition stuff? Or is there decent reading material out there?
     
  13. danny2430

    danny2430 Well-Known Member
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    Mostly video technical analysis for me, along with the fear and greed index
     
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  14. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Mine is basically hunch. Also looking at all the other data that people send out. To me, the technical analysis in crypto is worthless. It's more whale heavy than stocks so they can manipulate it much easier and with less capital.

    Random charts/data I enjoy looking at.
    https://www.blockchaincenter.net/bitcoin-rainbow-chart/
    https://trends.google.com/trends/explore?q=Bitcoin,Ethereum,Solana
    https://www.lookintobitcoin.com/charts/bitcoin-investor-tool/
    https://genesistrading.com/about/quarterly-reports/
    https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount
    https://alternative.me/crypto/fear-and-greed-index/
     
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  15. user15000

    user15000 Well-Known Member

  16. danny2430

    danny2430 Well-Known Member
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    But hey it’s Defi right?

    SOL might have some solid utilization, but I don’t think it can be argued that a big part of the price surge is coming from a historical amount of shilling. The amount held by VCs and vesting schedule are atrocious
     
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  17. kennypowers

    kennypowers Big shit like a dinosaur did it
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    Anyone know shit about Tezos?
     
  18. beerme

    beerme Well-Known Member
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    jeffrey tezos?
     
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  19. HuskerInMiami

    HuskerInMiami Well-Known Member
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  20. danny2430

    danny2430 Well-Known Member
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    Would’ve been a better troll if he had said “I own your Cryptopunk and living room now” imo
     
  21. user15000

    user15000 Well-Known Member

  22. user15000

    user15000 Well-Known Member

    Ahahahahahahahahahahahahahah



    Btc is too manipulated for a spot ETF though.
     
    #17974 user15000, Sep 17, 2021
    Last edited: Sep 17, 2021
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  23. user15000

    user15000 Well-Known Member

  24. danny2430

    danny2430 Well-Known Member
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    37 freaking trades….dude gave no fucks and was just laughing in the face of ethics
     
  25. soulfly

    soulfly Well-Known Member
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    Cliffs?
     
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  26. Whammy

    Whammy Donde es
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    Everything but BTC is a scam / going to zero / not necessary.

    A troll, he knows what reaction it’s going to get lol
     
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  27. user15000

    user15000 Well-Known Member

    In this piece we discuss our concerns around the broader “crypto” space beyond Bitcoin. Our arguments revolve around three primary themes: Philosophical, Technical, and Economic. From a philosophical perspective, we discuss the core properties that make Bitcoin work and that make it unique, in our view. From a technical perspective, we evaluate how these properties are lacking to a greater or lesser extent in alternative “cryptoassets,” having been designed out again on questionable philosophical justifications. From an e conomic perspective, we walk through our concerns that “crypto” has not shown a path to establishing a basis for justifiable real-world value, explain why we believe this would be very difficult to ever accomplish, and suggest therefore that their technical flaws are especially vulnerable. Given the complexity of the task we have set ourselves, this piece is intended to bring our arguments into long form and provide a discussion base for good faith disagreement.
    If you did so much as even skimmed the intro, you'd know it's not remotely arguing what you offer above. Nor is it a troll. But a guy who views what's actually written in the article as a troll is admittedly not the intended audience.
     
  28. Whammy

    Whammy Donde es
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    Just read one more page beyond the abstract my guy
     
  29. user15000

    user15000 Well-Known Member

    I just finished it. To say it’s a troll article is dumb. It’s a critique of defi, which the authors admit would likely apply to btc (albeit not to the same extent due to the differences in the underlying base protocol). When you find a substantive rebuttal, you can let me know.
     
  30. danny2430

    danny2430 Well-Known Member
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    Man, the pumping and dumping that Solana is doing over the past few days is so sketchy. Contributors could send that price to the floor at any moment if they decided to sell
     
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  31. danny2430

    danny2430 Well-Known Member
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    Thanks China

    My portfolio is going back to even for the year but at least my limit orders are going off today
     
  32. danny2430

    danny2430 Well-Known Member
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    Is the bloodbath over? Will be interesting to see what the rest of this week has to offer between wallstreet and a ton of longs due to get rekt on Friday
     
  33. Whammy

    Whammy Donde es
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    • You said it didn't say the thing I said it did before finishing the article (c'mon)
    • Predicts non-BTC crypto likely going to zero - 2nd page (Our argument is that, in the long run i) it is likely that much of the current value will prove unsustainable and therefore will disappear )

    Rebuttal:
    • Takes a Bitcoin-centric view of the world where BTC design (proof of work) is optimal (purely a matter of opinion)
    • Ignores facts on the ground (1) adoption and market cap of non-Bitcoin coins is growing exponentially, 2) Institutions hold and continually hold more crypto outside BTC)

    It's analysis of Curve, one of the more complex and successful applications in DeFi is the following. Does this look like serious analysis?

    Capture.PNG

    It's just silly Bitcoin fan-fiction that is more philosophical than it is technical. It's an ideological paper that ignores what's actually happening in the market.
     
    #17986 Whammy, Sep 21, 2021
    Last edited: Sep 21, 2021
  34. Whammy

    Whammy Donde es
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    BTW - usually fine to just not engage but so messed up that a portion of the BTC community would rather the rest of crypto die (and argue for that fact) for some matter of pride about being #1. Really rankles me, very selfish way of thinking IMO. I would like Bitcoin to succeed along with the rest of the ecosystem.
     
  35. user15000

    user15000 Well-Known Member

    See bolded above.
    This is such a whiny take. If I had a bunch of money tied up in defi and other crypto, I'd want to read that article, and Lyn Alden's article, and John Pfeffer's article, etc. And I'd want to see a substantive rebuttal. I can't even tell you how many anti-btc debates and articles I've read over the years. You're welcome to think he's wrong, but the basis for doing so being "well people use defi and bitcoiners are mean" isn't exactly convincing.
     
  36. Whammy

    Whammy Donde es
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    Usage and marketcap is relevant because the "problems" he lays out don't seem to be discouraging adoption by individuals or institutions? Hello? I would question my reasoning if the predictions I were making were contradictory to what is happening on the ground. Miss me with the anti-btc articles because I'm not anti-btc.

    This article might have had merit three years ago, but at this point it's very "Krugman / internet will not affect the world" kind of vibes or if you like politics better, people who are still arguing "Trump was cheated by Biden". Pretty clear where the world is going, let it die, it's over.
     
  37. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    My crypto has electrolytes :mulletsmug:
     
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  38. Whammy

    Whammy Donde es
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    Live right now

     
  39. Whammy

    Whammy Donde es
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    Interesting thread on the Gensler talks

     
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  40. construxboy

    construxboy xenForo is the new TMB
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    That’s Brawndo.
     
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  41. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    The all knowing Bitcoin maxi clearly said CRV has electrolytes
     
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  42. construxboy

    construxboy xenForo is the new TMB
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    So if we put toilet water on the Bitcoin will it grow?
     
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  43. Lip

    Lip Well-Known Member
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    But I was told he’s a Crypto friend?
     
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  44. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    I think the distinction is really that he is actually knowledgeable about crypto, which makes him the perfect person to fuck it.
     
  45. danny2430

    danny2430 Well-Known Member
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    Ehh I think he might go in with the idea of fucking it but in the end game there will be so much change and compromise to his ideas that it will be fine

    I know Saylor is a biased as they come, but he makes a couple decent points

    In the end, if there is a way for institutions to make money off of crypto, they will try to figure out a way to do it and keep it that way

     
  46. kennypowers

    kennypowers Big shit like a dinosaur did it
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    The people I trust the most in this space were still expecting more pain as of last night.
     
  47. danny2430

    danny2430 Well-Known Member
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    Yeah might be a bit more damage come tomorrow if/when Evergrande misses those payments and actually defaults, but it could be turning into a “buy the rumor, sell the news” type of thing