Official Cryptocurrency Thread: Skepticism to Speculation

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

  1. HuskerGuy99

    HuskerGuy99 Above Average Member

    It literally already has been in multiple countries. 10/10 shilling.
     
  2. user15000

    user15000 Well-Known Member

    Why is your homework so late? Do you need an extension?

    ps my post is clearly directed at the US. Add to your list: what are the recent developments in the US that suggest crypto, specifically btc, will be made illegal? We will anxiously await your response.
     
  3. southside

    southside Well-Known Member
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    FWIW I've also reduced my crypto positions by 70% this week, with an increasing probability of dollar rising in the next few months
     
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  4. HuskerGuy99

    HuskerGuy99 Above Average Member

    You really do not understand the concept of a hypothetical do you?

    Again, risk-asymmetry has flipped and you are just sitting there like a duck shilling away. I hope it works out for you.
     
  5. user15000

    user15000 Well-Known Member

    Your homework though?
     
  6. user15000

    user15000 Well-Known Member

    Just curious, what do you own? And what’s your approach with trading it?
     
  7. southside

    southside Well-Known Member
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    BTC, eth, xrp, link. 95% bitcoin, 4% eth, the rest xrp/link

    I trade it based on Hedgeye's risk ranges product. They're deadly accurate over the last two quarters.
     
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  8. user15000

    user15000 Well-Known Member

  9. user15000

    user15000 Well-Known Member

    Excellent new article from Lyn Alden that has nothing to do with btc.

     
  10. user15000

    user15000 Well-Known Member

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  11. Harrison Beck

    Harrison Beck Hi, I'm Harrison Beck
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    and user15000 like this.
  12. user15000

    user15000 Well-Known Member

    The CFTC chairman sure seems bearish in the press release announcing this:

    “Digital assets hold great promise for our derivatives markets and for our economy,” said Chairman Heath P. Tarbert. “For the United States to be a global leader in this space, it is imperative that we root out illegal activity like that alleged in this case. New and innovative financial products can flourish only if there is market integrity. We can’t allow bad actors that break the law to gain an advantage over exchanges that are doing the right thing by complying with our rules.”

    https://www.cftc.gov/PressRoom/PressReleases/8270-20
     
  13. HuskerGuy99

    HuskerGuy99 Above Average Member

    Pick one account to post on please. It just reeks of desperation when you immediately log in to reply to me and then give yourself a like lol.

    Substance over shilling techniques.
     
  14. HuskerGuy99

    HuskerGuy99 Above Average Member

    FEDERAL digital assets. Fedcoin, not Bitcoin. Pretty funny seeing you rely on KYC to defend Bitcoin. KYC exactly what the Bitcoin ethos is all about.
     
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  15. user15000

    user15000 Well-Known Member

    Based on this awful news, btc is.....trading within the same range it has been for the last month. You could maybe argue that it dropped a whopping $300 from $10.8 to $10.5.

    Hilarious. I just got paid and bought some more. Thanks CFTC!
     
  16. user15000

    user15000 Well-Known Member

    I don't have two accounts here dummy. He just doesn't agree with your moronic points.
    Return of the fedcoin!!!

    Isn't that a homework topic? Page 202 seems to indicate yes:

    Still waiting on the answers to the “buy all the btc” and “fed coin kills btc” nonsense. With the blackberry comparison, we can add another assignment for you: why hasn’t btc already failed if this is about tech adoption and improvement? And now that you’ve added your daily “Buffett and Dalio haven’t publicly bought any yet,” let’s add why do you ignore Paul Tudor Jones’ position? And why don’t you think for yourself? How much btc do you buy if Dalio changes his tune? And doesn’t that kind of make you someone incapable of forming his own opinions? Or will you find some other billionaire who hasn’t bought it yet?

    Add tether market cap going up while btc dumped.
     
  17. Harrison Beck

    Harrison Beck Hi, I'm Harrison Beck
    Donor
    Liverpool

    Lol. Husk guy is getting the ignore. I can’t be bothered by his insanity.
     
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  18. HuskerGuy99

    HuskerGuy99 Above Average Member

    Bitcoin and KYC from the so-called "Bitcoin maximalist." It's amazing to see.
     
  19. Harrison Beck

    Harrison Beck Hi, I'm Harrison Beck
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    you are ignoring content from this member
     
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  20. kinghill

    kinghill Well-Known Member
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    I haven't touched crypto in a long time, you can see my idiotic posts earlier in this thread, but I just browsed coinmarketcap and saw a coin I thought I recognized as one I bought on cryptopia years ago. I went to the exchange and it shut down because it got hacked LOL god why did I ever touch crypto what a fucking scam. good luck ya'll
    https://www.cryptopia.co.nz/
     
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  21. Harrison Beck

    Harrison Beck Hi, I'm Harrison Beck
    Donor
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    You bought a coin on a shady exchange and decided to leave it there for years without checking on it or taking it off the exchange? Congratulations you played yourself
     
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  22. kinghill

    kinghill Well-Known Member
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    tip: all exchanges are shady
     
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  23. user15000

    user15000 Well-Known Member

    Some worse than others. Coinbase, Kraken, and Gemini are all pretty good. Either way, I wouldn't recommend that anyone keep anything on an exchange in the first place.
     
  24. user15000

    user15000 Well-Known Member

    Probably a beanie baby

     
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  25. user15000

    user15000 Well-Known Member

    Press release

     
  26. HuskerGuy99

    HuskerGuy99 Above Average Member

    "The company launched bitcoin trading in 2018 with Cash App, which enables the buying and selling of bitcoin."

    /end
     
  27. user15000

    user15000 Well-Known Member

    Lol whatever fits your narrative of a second public company buying it in bulk.

    What bias have you invented for the first?

     
  28. user15000

    user15000 Well-Known Member

  29. HuskerGuy99

    HuskerGuy99 Above Average Member

    Here's an amusing Google result when you search for "fiat":

    Is Bitcoin a fiat money?
    Like fiat currencies, Bitcoin is not backed by any physical commodity or precious metal. 15 Throughout much of its history, the current value of Bitcoin has been driven primarily by speculative interest.


    But here is some more pertinent information. Sounds like a warning shot.

    https://www.justice.gov/opa/pr/atto...lication-cryptocurrency-enforcement-framework

    Why doesn't user15000 ever post relevant information like this?
     
  30. user15000

    user15000 Well-Known Member

    Tag me next time clown. Your homework is late as fuck. I’m not impressed that you found out how to Google fiat. And the justice department report is a whopping nothing.

    Wasn’t the price supposed to crash post-bitmex? Why are we above $11k? I’m so confused. Why are public companies holding btc as a reserve asset?
     
  31. dblplay1212

    dblplay1212 Well-Known Member
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    I always laugh at how mad user15000 ( i tagged you, calm down) gets when someone has the audacity to question Bitcoin. He did the same thing with whatever that scam he used to shill before he changed his handle. He can't respond without using 3rd grade name calling. I can't take him seriously.
     
  32. user15000

    user15000 Well-Known Member

    Move along back to the shoe thread and dropping "inadvertent" slurs. You've never added anything here.

    Still funny that you and HuskerGuy99 think I'm shilling random posters on TMB. Because that's definitely necessary when public companies are buying half a billion dollars of btc to serve as a reserve asset.
     
  33. dblplay1212

    dblplay1212 Well-Known Member
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    Shoes have been a better investment than Bitcoin the last few years. :twocents:

    Shill may be the wrong word, stan or fanboy may be more appropriate. It's literally the exact same schtick from Factom. You speak in absolutes and can't imagine a world where BTC doesn't end up the dominant asset in the world. A lot of people here occasionally invest in BTC, myself included. Most realize it's a gamble, no different than any other stock. You're the only one that speaks in absolutes and it's pretty funny to watch, honestly. You spend hours and hours and hours reading every pro-BTC source out there so you can argue with people on the internet about why BTC will take over the world. You seek out anyone that agrees with you and completely brush off anyone that doesn't. As I've said before, you remind me a Republican that only watches Fox News and only reads Breitbart. They surround themselves with like-minded media and anything else is fake news. That's you.

    Pleas be kind to your keyboard while replying.
     
  34. user15000

    user15000 Well-Known Member

    Funny post.

    -Lol at "shoes" being a better investment than btc over the undefined "few years" period. Do explain. Make sure to tell me where I can hold "shoes" as an asset class and where you're arbitrarily deciding to cutoff a "few years." It's a silly comparison. Like saying I should have bought a rare Patek watch or fine art instead.
    -Would love to hear why btc should be compared to a stock too.
    -I spend hours reading about btc to educate myself. You should try it. Not to spend what little time it takes to respond to you or anyone else on the internet. You and HuskerGuy99 engage in the tired talking points, so I refute it in the event that anyone actually curious about the space doesn't think it's a beanie baby, rat poison, ponzi scheme, solely used by criminals to buy drugs (or whatever else surface-level nonsense you decide to spew).
    -Nearly everyone I read or listen to via podcast has given substantive explanations on risk, why it could fail, etc. Not my problem you don't consume any of that content, but speaking of absolutes, it's funny you pretend to know what I read or listen to.
    -The "you mad" thing is pretty pathetic. We're both posting on the same message board. Do better.
     
  35. user15000

    user15000 Well-Known Member

    Hopefully the content police (dblplay1212) are ok with these facts

     
  36. user15000

    user15000 Well-Known Member

    For the "stocks only go up" crowd:

    [​IMG]

    [​IMG]
     
  37. dblplay1212

    dblplay1212 Well-Known Member
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    - A few, as in 2-3 years. Many have had tripled or more in value. There's the rare ones that have gone up 20x+ their value but that's very unusual, just a handful of examples. A shoe going up 200%-300% in 18-14 months is quite common and pretty easy to predict. I have many shoes I bought 8-10 pairs for $200 each that are now $500+ in <24 months. I can link you to examples and you can see the charts if you'd like.

    - Most people view BTC as an investment. No different than buying a share of Amazon. Invest now, sell later. It's an asset, not a stock, but most view both as an investment to be sold later.

    - Pass.

    - I know what you read and listen bc you fucking post it non-stop itt.

    - Sorry you're mad.
     
  38. dblplay1212

    dblplay1212 Well-Known Member
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    Seems like one line skews the whole thing. Still true, but should just post about that one line bc the others aren't a huge deal in comparison.
     
  39. user15000

    user15000 Well-Known Member

    It's not a huge deal that Microstrategy, Square, and others are holding btc? Tough crowd.
     
  40. dblplay1212

    dblplay1212 Well-Known Member
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    I wasn't comparing shoes to Bitcoin or saying they are an asset class. I was laughing at your disparaging remark about "Go back to shoes" bc you clearly don't know what you're talking about. And they aren't rare shoes that nobody can get. You can buy all you want today, hold for 18 months, and make 2.5x or more your money. Retail was $160, you can buy today at $200, and hold for 18-24 months and there's an 80% chance they'll go to $400+. It doesn't take rocket science to know which ones will increase. It's all about having the capital to tie up.

    I mean sure but damn 90% of that 513k is held by one company. Listing the others is kinda pointless. Just make the post about Grayscale.
     
  41. HuskerGuy99

    HuskerGuy99 Above Average Member

    No, I do not believe that you have. Still waiting. Been waiting.

     
  42. HuskerGuy99

    HuskerGuy99 Above Average Member

    At the end of the day, if your shoes go to $0, you can still put them on your feet.
     
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  43. user15000

    user15000 Well-Known Member

    You're not waiting on anything. You're purposefully ignoring everything I've posted about Dalio. This took 15 seconds:

     
  44. user15000

    user15000 Well-Known Member

    Hmmmmmmm.
     
  45. dblplay1212

    dblplay1212 Well-Known Member
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    Your selective reading is hilarious. Read the rest of the post and maybe you'll grasp why I made that comment. By all means, make all the condescending posts about "shoes" that you want. Every single one just shows your ignorance. My post was pointing out your ignorance, not claiming shoes to be an asset class.
     
  46. HuskerGuy99

    HuskerGuy99 Above Average Member

    You refuted nothing. It's a 2 minute video with very simple points to counter. You have not countered them. You cannot counter them. You can only say, "go read this article by a guy selling crypto services" and hope nobody questions you. We are questioning you. And you are getting mad instead of responding in kind.

    "Dalio's position of "blockchain not btc" is silly and has been roundly rejected by the market. Other cryptocurrencies have been around for years. There's one that matters. He's also skipping years of monetary evolution and asking for price stability now. That's now how money evolves:"

    Let me show you how you refute somebody's claim. You say Dalio's position of "blockchain not btc" is silly and has been roundly rejected by the market. Well, in the video he mentions Ethereum. Let's take a look at how the market has roundly rejected Ethereum in favor of Bitcoin this year.

    https://www.forbes.com/sites/billyb...eum-is-beating-bitcoin-in-more-ways-than-one/

    Oh, what's that? Ethereum has returned 100% more than Bitcoin has year-to-date? But, didn't you just say the market has roundly rejected other blockchain projects? "There's one that matters," but it's not the one that returned 100% more than Bitcoin this year? Or Chainlink, which is up how much vs. Bitcoin this year? Like 600%? If there is one that matters, why isn't the market roundly rejecting them as you put it? Sounds like it's just speculation, as Mr. Dalio so succinctly put it.

    Now you try that on Mr. Dalio's video. As I said, we've been waiting.
     
  47. —

    Well-Known Member
    Donor

    Can we get a new thread that bans the people posting the same repetitive arguments every few months? I'd say most of us just want a good place to check in on btc news. If the news is good so be it, if its bad, so be it. We don't need the repetition of the same posters making the same points and fleshing out the same talking points every few pages.
     
  48. —

    Well-Known Member
    Donor

    Btw im not ignoring HuskerGuy99 because GBR, I'm not ignoring dblplay1212 because he contributes to the discussion in most of the threads on this board. I'm not ignoring user15000 because he is the one who most often contributes to the thread.
     
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