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Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.
I don’t do any trading, but I follow crypto_rand and woonomic who seem to do some TA.
Here's Raoul doing some TA
Was waiting for him to chime in after today. The stock to flow model is the most convincing argument I've seen
That + the emerging markets adoption as everything else burns down currency wise except the follar
This is a guy who checks/tries to disprove plan b's work:
I got back in with a little bit about a month ago just because of the chaos going on. It’s been fun.
Man I have seen this movie before. For those looking to enter crypto, just be careful. Be very careful. I won't tell you to avoid trading it, but don't be greedy. You do not want to be the one left holding the bag.
I keep thinking this is the cryptozoology thread. That's interesting. Hope y'all make all the monies.
Coinbase is terrible... trying to login to start throwing $x per week at BTC so as to DCA, it sends me 2 step verification codes 4 times, I enter the code each time, and it locks me out for 48 hours. What a shitty website, yet is the main exchange in the US
Check out Swan. Newer company with DCA and way lower fees than Coinbase.
River Financial is an option too.
Here's the full Paul Tudor Jones letter. He'll be on CNBC tomorrow morning at 8:30 ET.
Keep waiting for the May halving... just keep waiting
It's a trap.
Ummmm cool I guess? Consider me surprised if you even read the article.
I did. That's why I claimed "False." If they didn't print the Tether...
Hey, if it's a scam he wants a piece of it! Big fees incoming.
Two scams in one. Wasn't Bitcoin supposed to replace things like Paypal? Two scams. Can't do it.
Lol at "scams" from the guy who begs the fed to print more money to pump up the S&P. Take a look at the S&P gains measured in gold or bitcoin, then get back to me on scams.
Where did I say the S&P wasn't a scam? Quit spamming these crypto puff pieces. If you want to post informative stuff about crypto, post stuff like this:
Scam. You're on here pumping a scam.
Bitcoin is a scam? 2013 called and wants its talking point back.
Also if it’s a scam, then short it.
And generally lol at “pumping a scam.” Yes Paul Tudor Jones, Jack Dorsey, Marc Andreessen and countless other well respected institutional investors are pumping a scam. Might be time to ask yourself what you think you know that they don’t.
Yeah, "respected institutional investors" NEVER pump their investments up so they can dump on suckers like you. That almost NEVER happens.
Come on bro, you're going to fuck some TMBers over shilling this crap.
I don't mind the crypto discussion, but do not post stuff that is just mindless hype with no substance. It's more helpful to cover the technical aspects so people have a better understanding of what they are going to get into.
I’ll post whatever the fuck I want...thanks. And I don’t generally care what you do or don’t mind for “crypto” discussion.
Venmo and PayPal is industry news. Apologies for not posting tether nonsense that one whale was responsible for the entire 2017 price action or generally crying “scam.” Glass houses and such.
If someone wants to learn about technical aspects, there are countless resources. Inventing Bitcoin, The Bitcoin Standard, Why Buy Bitcoin, nakamotoinstitute.org, Lopp.net.
So you downplay Tether and its major effect on the price of crypto? Why exactly are you on here hyping Bitcoin up? Did you buy at the top?
Oh idk maybe because it’s the best form of money that’s ever existed and has gone from nothing to a $180B market cap in 11 years. First digitally scarce money ever created. Has companies like robinhood, square, Venmo, paypal, and Microsoft selling and/or working on it. Has people like PTJ and very well respected investors viewing it as an inflation hedge as we live through unprecedented central banking actions. Is a massive focus for China. Has led to countries like Iran creating mining initiatives. Has energy companies in the US using wasted energy to mine btc. Has been described by multiple investors as the most asymmetrical investment of our lifetimes.
You either have curiosity enough to educate yourself on it, or you don’t. Doesn’t matter to me. If it’s a scam, you should short it though.
Not that it matters to much of anything above, but I’ve bought at various points over a few years. I’m up plenty.
So have you educated yourself on it? Or do you just read the hype on social media and forums and come here to parrot it to us?
I’ve read multiple books, countless longform articles, read daily news and email newsletters, and listened to thousands of hours of podcasts.
Do you add anything to this thread besides drive by “scam” posts?
So let me ask you a few questions and let's see how long it takes for you to answer:
1. You are creating "the best form of money that's ever existed." Do you (a) proudly attach your real name to it and bask in eternal glory (b) use a pseudonym and hide with a huge chunk of the "money" ?
2. You are creating a scam. Do you (a) proudly attach your real name to it (b) use a pseudonym and hide with a huge chunk of the "money" ?
3. How is the blockchain secured?
4. How are transactions on the blockchain secured?
5. Who is responsible for the security protocols used in Bitcoin?
6. When did they create said security protocol?
7. Do they own said security protocol?
8. Has anybody in, say, the past 10 years told us anything about these security protocols?
9. Forget the security protocols, can the blockchain ever be compromised by a large enough actor? In what simple ways?
10. Who mines the majority of Bitcoin in the world and how cheaply do they do it?
11. Who do they sell their Bitcoins to and for how much?
12. How much do those people resell those Bitcoins for and how do they attain a premium on said Bitcoins?
13. Have you ever even thought about these things?
14. Scam. Good luck.
:let me google that for you:
You're definitely the first person in the last 11 years to think about any of this. I'd suggest you read Inventing Bitcoin by Yan Pritzker since you don't seem to understand the basics of what btc is or how the network works. In the meantime, I'll provide some short answers above because I have no intent writing a dissertation for someone who has no actual interest in the subject.
You spent all those hours reading papers, articles, columns and listening to podcasts but you don't have even a basic understanding of the underlying security. It's fine to admit. I don't expect you to dig deeper than the basics. Many don't. They just eat up the hype and endless shilling on social media and in the popular media. And now you're here on TMB to disseminate more hype and more shilling. Are you solely on TMB to do that???
It's probably prudent to understand the risks before dropping thousands of dollars on electronic "money," wouldn't you say?
The security risks you’re talking about stem from a double spend problem with a pool of miners controlling 51% of the hash rate. I’ve read about it plenty and understand the game theory behind it. Hasn’t happened in 11 years for a protocol that runs 24/7 and has $180B of value in it. Do you honestly think you’re the first person to think about the security of btc? Or that you’re aware of some inherent flaw in the system? Seems to me that someone would’ve “hacked” btc by now if it had anywhere near the levels of security issues you think it does. The levels of arrogance or pure naïveté necessary for that are quite funny.
Your questions on mining are hilarious. What is their cost? How do they get a premium? Like there is just one single mining god mining for $6k and selling for $9k. You have a funny lack of knowledge on this, but go on pretending you’ve solved the problem with the whole $180B system. There’s clearly nothing I could add to change your mind.
Go fed go! You’re better equipped as a cheerleader in the investment thread for central banking’s failed system. Zimbabwe, Venezuela, Japan, Iran, and a handful of others have stock market charts you might enjoy. Money printer go brrrrrrr, stocks go up...just not measured in any form of money that matters.
Well, given the option of playing in the scam that's been going on for 100 years and is actually backed worldwide or playing in the 10 year old scam that is entirely electronic and reliant on people like you to spam forums and social media for participation, I think I'll stick with the former.
And when I talk about security protocols, I am not talking about 50% attacks even though they ARE something that should be taken into consideration. I am talking about the "crypto" in cryptocurrency. Like I said, I don't expect you to understand it. I really don't after reading your last few posts. You're basically here on TMB to shill. Is that not correct? I can't see your post history as you have made it private.
Ah yes. The ‘ol “I’m talking about something but won’t elaborate on it and have solved the entire problem with btc.”
BuT Do YoU CoNnEcT YoUR ReAL NaME to it?? Who owns the security protocol? What is the cost to mine btc? How much do miners sell for!????!!! Move along dude. Your questions are ridiculous.
I’m here to post news. Buy, don’t buy, I don’t give a shit. This forum is not driving price adoption. No one with your fundamental lack of basic understanding should put any money into btc, that much we can agree on.
Classic shill deflection techniques. My questions are ridiculous but dumping thousands of dollars on electronic money with no intrinsic value is not???
I'm sure you also understand that the price of Bitcoin has to be propped up by Tether because the miners need to recoup their energy costs. Without miners, Bitcoin price goes to ZERO. The "best form of money ever created" is apparently a ponzi scheme that requires its price to go up or else the people responsible for performing the transactions on the Blockchain will stop. Will I find an article posted by you in this thread describing that little nugget of information? And surely you knew that because you possess fundamental basic understanding of Bitcoin, right?
Scam. Ponzi scam.