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

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

  1. dblplay1212

    dblplay1212 Well-Known Member
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  2. user15000

    user15000 Well-Known Member

  3. user15000

    user15000 Well-Known Member

  4. danny2430

    danny2430 Well-Known Member
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    More China bullshit….
     
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  5. user15000

    user15000 Well-Known Member

     
  6. kennypowers

    kennypowers Big shit like a dinosaur did it
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    Bipolar af

     
  7. dblplay1212

    dblplay1212 Well-Known Member
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    I get that's its convenient to do it through Twitter and it's nice for content creators on there to be able to make money but how is that different than sending someone money via PayPal, Venmo, Cashapp, etc? Twitch has had the same type thing for years. He acted like sending money instantly to someone in another country was a new thing.
     
  8. soulfly

    soulfly Well-Known Member
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    My assumption is delay time. I have a roommate that pays rent via Cash App. It’s annoying because it takes a day or two to hit my funds, and then an added day or two before my transfer out hits my bank account :idk:
     
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  9. dblplay1212

    dblplay1212 Well-Known Member
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    I've only sent money via Cashapp, so not that familiar. With PayPal, I can receive and use it pretty much anywhere online immediately. If I want to move from PP to my checking account, it shows up next day. I would assume moving to a bank would have a delay from Twitter too? You can buy and send crypto vs PayPal already too. I get why this is a huge deal for Twitter creators, just not sure why thay guy made it seem so revolutionary to send money to someone in another country. It seems like they could have done the same thing using PayPal but maybe I'm missing something so that's why I asked.
     
  10. jorge

    jorge Founder of Post ITT if your team sucks
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    with venmo i can deposit to my bank instantly for like a 1% fee. might be a bit much for rent though.
     
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  11. dblplay1212

    dblplay1212 Well-Known Member
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    Oh yea, forgot about that. PayPal has it too but I think there's a $10 cap on the fee.
     
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  12. letan

    letan Just looking for the gator board
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    You can’t use venmo to send someone from another country money. Think you can with PayPal but there is an international transfer fee. Not sure about cash app. So sending it instantaneous and free via Twitter is new
     
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  13. letan

    letan Just looking for the gator board
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    So for Americans it’s no big deal but could be pretty useful for people in the US sending money back home or the rest of the world
     
  14. dblplay1212

    dblplay1212 Well-Known Member
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    I buy stuff from people in other countries often. But you're right, they have a $5 max currency conversion fee on international. Forgot about that. They should emphasize that, not the "omg watch me send money to someone in another country." that's been around for a long time.
     
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  15. user15000

    user15000 Well-Known Member

  16. danny2430

    danny2430 Well-Known Member
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    Fully expect another dip today with the House set to pass the infrastructure bill and its crypto clauses

    Even though we all knew it would get passed after making it through the Senate, but it’s still September and I guess this is the kind of bullshit that happens this month
     
  17. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    fwiw infra bill won't be voted on until thursday at the earliest
     
  18. danny2430

    danny2430 Well-Known Member
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    Oops got bad info
     
  19. danny2430

    danny2430 Well-Known Member
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    Any chance Pelosi delays it again or will it have to be pushed through before Oct.1 now?

    Figuring it might be the final straw to see BTC dip another 10% before we finally get to Q4
     
  20. mal630

    mal630 Well-Known Member
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    Debating putting all my BTC into ETH (like 1/4 of a BTC)
     
  21. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    very much could be delayed again, lot of moving parts right now
     
  22. danny2430

    danny2430 Well-Known Member
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    I’ve honestly been going the other way for a couple weeks now, just too many other layer 1 players getting the hype and fomo that ETH was in the summer

    Don’t see myself putting more into it until the FUD slows down or we get new info on 2.0

    Edit: kinda reads like I’m going strictly ETH -> BTC, but I really meant to say that I’m pulling from ETH position (previously my biggest holding) to put some in a few other ecosystems like solana, polkadot, cosmos, elrond
     
    #18022 danny2430, Sep 28, 2021
    Last edited: Sep 28, 2021
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  23. user15000

    user15000 Well-Known Member

  24. user15000

    user15000 Well-Known Member

  25. user15000

    user15000 Well-Known Member

  26. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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  27. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    high probability its not happening today
     
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  28. Whammy

    Whammy Look kids, Parliament!
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    Yeah COMP needs a PR team stat, horrible messaging.

    Threatening users not a great idea
     
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  29. user15000

    user15000 Well-Known Member

    I’d personally be more concerned with the large incorrect protocol error, but ya threatening to dox users isn’t great either.
     
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  30. Whammy

    Whammy Look kids, Parliament!
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    Just an accepted risk of DeFi at the moment, definitely farther out the risk curve than a BTC / ETH for sure.
     
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  31. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Nice jump today. I haven't been checking crypto as much lately and I picked a great morning to do so.
     
    letan likes this.
  32. danny2430

    danny2430 Well-Known Member
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    Seems like everybody is happy to just be out of September
     
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  33. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Why did this jump occur though?
     
  34. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    People bought a lot
     
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  35. HuskerInMiami

    HuskerInMiami Well-Known Member
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    We went up almost 200B today. And I haven't heard anyone at work talk about crypto, so I don't think it's people as much as institutions.

    I now know to sell a few weeks after my idiot workers start saying BTC is shit and ask me if I own any DOGE coin. So I track their feelings more than anything.
     
  36. danny2430

    danny2430 Well-Known Member
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    And a lot of shorts got liquidated as a result of such
     
  37. user15000

    user15000 Well-Known Member

    Because it’s Uptober obviously

     
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  38. user15000

    user15000 Well-Known Member

  39. jorge

    jorge Founder of Post ITT if your team sucks
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    Launching my blockchain project this week. Wish me luck.
     
  40. user15000

    user15000 Well-Known Member

    Nearly 50% of the population

     
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  41. danny2430

    danny2430 Well-Known Member
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    And they even confirmed that they were only counting actual active users, not just people who downloaded the app and left it

    Pretty cool stuff
     
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  42. user15000

    user15000 Well-Known Member

  43. HuskerInMiami

    HuskerInMiami Well-Known Member
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    He came off very likeable.

    I'm glad she asked him why he was in a big empty closet. I was wondering that the whole time.
     
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  44. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Why aren't the companies that make the miners/ASIC's just keeping them all for themselves? Seems like they could make a lot more money.
     
  45. HuskerInMiami

    HuskerInMiami Well-Known Member
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  46. danny2430

    danny2430 Well-Known Member
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    Mining companies are keeping their mined BTC more than ever. One of the primary reasons that exchange supply levels are some of the lowest we’ve ever seen
     
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  47. user15000

    user15000 Well-Known Member

    Solely making the machines doesn’t mean they have access to cheap energy all around the world or the operations/cash required to run them.
     
  48. HuskerInMiami

    HuskerInMiami Well-Known Member
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    ? I wasn't talking about the mining companies.

    It's pretty obvious where cheap energy is and an investment would surely pay off (why are they backordered, must not make any money?)