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

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

  1. Gritty Badger

    Gritty Badger Well-Known Member
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  2. Odin

    Odin social distancing since 1990
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    1. make account on coinbase
    2. make account on a larger exchange (bittrex, binance, poloniex, etc)
    3. buy bitcoin on coinbase
    4. send it to your account on the other exchange
    5. buy ripple
     
  3. TAXTAXTAX

    TAXTAXTAX Well-Known Member
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  4. tmbrules

    tmbrules Make America Great Again!
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    Lets not forget, everyone should be paying tax on all their bitcoin profits ....... wait until the IRS figures out they are getting stiffed and starts going after people.
     
  5. TAXTAXTAX

    TAXTAXTAX Well-Known Member
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    They already are going after people, but they are severely crippled right now, so I wouldn't worry too much about them.
     
  6. Odin

    Odin social distancing since 1990
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    up 20% since this
     
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  7. Pharm

    Pharm Right Handed
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    Didn't buy, just rode out my req and ark holdings.
     
  8. Jeffrey Lebowski

    Jeffrey Lebowski Obviously you're not a golfer
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    Put in a buy order for 1000 XRP at 2001 Sats
     
  9. Odin

    Odin social distancing since 1990
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    i bought a small amount. think it's going to $5.
     
  10. Pharm

    Pharm Right Handed
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    Really wish I would have bought more Ark at the 2.22 I got it at
     
    Don't Hate Me Bro! likes this.
  11. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    You are not a commodities trader. No way.
     
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  12. tmbrules

    tmbrules Make America Great Again!
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    I am who I say I am!
     
  13. CF3234

    CF3234 Fan of: Bandwagons
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    what is the difference between a btc wallet and btc vault on Coinbase?
     
  14. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    This current market is over-bought and a bubble all across the board. I’m definitely weighted towards cash right now in anticipation of a correction, BUT with this recent breakout above the previous top line, BTC may be starting a new upward channel that could take it considerably higher. Traders tend to move stocks or commodities to round numbers - it's basic human psychology. So I expect this move powered by CME futures to probably take BTC to at least $15k and probably $20k.

    The big question here is a lot of people think the banking system will try to short it, and bring
    it under control, and if that doesn't work - work to regulate it. The conspiracy theorists think they'll let it pop... move up to say $15k, then they'll buy a massive amount of short futures, and the m Government will announce it's moving in to "regulate" BTC and then the crash ensues. Wall St front runs bull-bear transitions, short the market at the top and dump their shares (coins) en masse to trigger a sell off/crash. It’s pretty common speculation that they want a better entry point. They do this all the time with oil, gold, large caps. But would you want to step in front of this freight train? One that has a wall of institutional money/hedge funds dying to get in?

    Who knows? It's historic. What it is, is the masses voting with their feet and their money to "opt out"
    of the current debased fiat currency system and crooked financial system, where banks get bailed out of their losses and the bailout costs are passed on to taxpayers (the impetus behind Satoshi creating Bitcoin in the first place).

    If you’re a believer/long term HODLer, a correction is just a buying opportunity. I tend to think BTC would recoup 40-50% corrections - how fast I have no clue, but I’d bet on $100k before $0.
     
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  15. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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    From google...

    “Coins in vault are stored in cold storage. You need to register 2 email addresses and both email addresses but authorize if a withdrawal is attempted. There is also a 48 waiting period before withdrawals occur and you are provided multiple email reminders during this time with an option to cancel the withdrawal. It's a good system.”

    Safer storage option.
     
    arrdub likes this.
  16. CF3234

    CF3234 Fan of: Bandwagons
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    ok, so its safer, but harder to move day to day. ex store your buy and stash coins in the vault and keep your day trade in the wallet
     
  17. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    Exactly, as I understand it.
     
  18. aspenbuff

    aspenbuff Well-Known Member
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    Once again, your analysis is overly American-centric in a market dominated by Asia. Why would a Japanese or Korean trader care about some round number in dollars when they think and live in yen or won?
     
  19. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    Again, because US investors are the future/catalysts.
     
  20. Dale Doback

    Dale Doback Well-Known Member
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    Anyone having a hard time getting connected to IOTA wallet? I keep getting a connected refused response. I know there was an attempted hack and that apparently slowed everyhting down but feel like it should be fixed by now
     
  21. aspenbuff

    aspenbuff Well-Known Member
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    At 15k, if all future investment was from the US, that wouldn't even get US trading of Bitcoin over 50% of the market. And that assumes no additional investment from Europe, Asia or anywhere else to get there, which is highly unlikely.
     
    LeVar Burton likes this.
  22. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    So nominal to no impact? Ha, then we can ageee to disagree. Secondly, you don’t think the JPY volume is inflated due to feeless trading? We saw what fees did to CNY volume.
     
  23. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    This is fairly simple to track and I’ll have no happily pay taxes on the gains I have since I’ve tripled my money in 3 months and not all of those gains are realized.
     
    LeVar Burton likes this.
  24. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    I don’t think anyone got into BTC to dodge taxes - such a weird argument/observation. If it’s being so widely used to launder dirty money then the opposite is happening.
     
    gatorfromiowa likes this.
  25. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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    OHHHHH MY!!!! IOTA is burning up the market cap chart. #7 on Nov 16 and today its #4
     
    Houndster likes this.
  26. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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  27. New user

    New user Well-Known Member
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    Disclaimer: I know nothing about IOTA.

    Bunch of my twitter is people saying it's basically a joke that has technical issues, is a pump/dump, etc. Any explanation for the rise?
     
  28. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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    There's a lot of smart people in here, not everyone, but most so help me solve a word problem. Names, amounts, and other information are not a representation of any real picture.

    Here's the problem:
    Investor tmbrules has 10,000 USD in a investment that gains 4% EVERYDAY. How many days till he has 1M USD?
     
  29. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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  30. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Partnership with Microsoft.

    Also, BTC just briefly broke $200 billion in marketcap. Shortly after the China announcement in September, the total crypto market cap was as low as $114 billion. Crazy.
     
  31. Nantucket

    Nantucket Northeastern Elitism+Alabama Downhome Sensibility
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    ~118
     
  32. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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    so about 4 months...looking like April 1st.

    [​IMG]
     
  33. aspenbuff

    aspenbuff Well-Known Member
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    What happens between 10k USD and 15k or 20k USD? You hit round numbers of JPY, CNY, KRW, as well as other currencies. That's going to smooth out most of the impact that you say exists for round numbers as BTC is constantly hitting these round numbers in one currency or another.
     
  34. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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    Big break thru today against the KRW as we crossed 13,000,000. Did you not notice the resistance?

    Crossed 1,000,000 JPY day after thanksgiving. Haven't you noticed the pullback?

    :loldog:
     
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  35. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    I don’t see it as an apples to apples comparison. JPY has inflated volume/influence with feeless trading, tax exemptions, etc. I think you’re underestimating the impact of Wall St “legitimacy”, ease of access, increased USD volume.

    What happens when you get to the moon? :airquote:

    “Bull markets ride up on escalators, Bear markets ride down on elevators.”
     
  36. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Today was a good day to be about 70% IOTA, XMR, and EOS.

    Made $2500 today.
     
  37. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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    Like samir...naga naga not going to work here anymore that's for sure.
     
  38. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    I may have posted prematurely :)
     
  39. Hub-City-Hero

    Hub-City-Hero Well-Known Member
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    BTC just broke 12k
     
    LeVar Burton likes this.
  40. Trofie

    Trofie Well-Known Member
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    Bought a ton of ripple today. Let's go.
     
  41. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    Funny thing is I think you’re being serious.
     
  42. aspenbuff

    aspenbuff Well-Known Member
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    Regardless of whether or not those things make it inflated, its influence and volume still exists. Barring a large change in exchange rates, 1.5 million JPY would come before 15k USD (currently would be at about $13,300 per BTC). So if round numbers = resistance, then surely a round number for a currency with higher trading volume and market influence than USD would be pretty important, whether or not that volume and influence is inflated.
     
  43. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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    Just chill out and enjoy the fun coupons or go back to tinder if you're going to be a chode.
     
    Hatfield likes this.
  44. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Oh my god no one cares
     
  45. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    I didn’t say unequivocally round numbers = resistance, I said traders like to push through to round numbers.

    I think overall volume being inflated due to mitigating factors like no fees and tax exemptions, combined with x% of that volume being non-investment, but actual transaction as a legal currency, mainstream adoption, ease of access, market liquidity, matters greatly in this discussion/comparison. It’s not an apples to apples comparison. BTC in Japan isn’t what BTC is in the US. If you don’t think the US front runs/influences the future of BTC, fine. I’m pretty convinced it will.
     
  46. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    How’s that? You’re not at a fucking roulette wheel. Well, maybe you are. Some people are not.
     
  47. Odin

    Odin social distancing since 1990
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    I should have bought more
     
  48. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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    :loldog: