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Ren's old crypto thread || we know how to buy this stuff now (1 Viewer)

Wait, so you all started a private discord to talk about bitcoins?  You all VC on there or what?

How is ShukeCoin coming?

 
culdeus said:
Wait, so you all started a private discord to talk about bitcoins?  You all VC on there or what?

How is ShukeCoin coming?
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We are orchestrating massive pump and dumps, making boatloads off the rest of the FFA who aren’t in chat 

In negotiations with Major Lead Eating and IFCE regarding deployment of ShukeCoin as the ***OFFICIAL***decentralized competitive eating cryptocurrency. 

 
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dickey moe said:
Why, specifically?
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Over 80% of the top 100 coins and their respective platforms run off of ETH. While BTC begs the world to accept it as a payment option, ETH has created its own ecosystem that functions through it.

Edit to add: if it had BTC’s marketcap at $280b, that is roughly $2800 per coin.

 
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Rhythmdoctor said:
Added another 3.5 ETH to my portfolio today. Hopefully that was the bottom 
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Nice job.  I bought about 2 today around $1040 then at $920 and again at $1000.  That $860 buy was sweet.  I was driving at the time.  Today will have been the best opportunity to buy all year, IMHO.  

 
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Megaton said:
Nice job.  I bought about 2 today around $1040 then at $920 and again at $1000.  That $860 buy was sweet.  I was driving at the time.  Today will have been the best opportunity to buy all year, IMHO.  
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Yeah, wish I was able to watch all day to get better prices. I think I averaged in at around $1,000 which is fine. I think you’re right about low of year. I definitely hope it is!!

 
Rhythmdoctor said:
Yeah, wish I was able to watch all day to get better prices. I think I averaged in at around $1,000 which is fine. I think you’re right about low of year. I definitely hope it is!!
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I did not do much better, but I was working too.  Had to kind of jump in when I had time.  Would have liked to have gone a little bigger, but that was most of my play money.  Still have about $1k to put in..  

 
Worth noting that exchanges have been backed up with entrants and been in the rare position of turning down money.  Goldman Sachs exchange coming, all sorts of institutions vested in blockchain/ethereum etc.  I think we'll easily see through a 1T marketcap this year.  

 
Don’t think the $860 buy was skill. I mean it was my target but as soon as I placed my order it was at over $900 and within the hour over $1000. Plus I’m like the rest of you I bought around $1100 and a little above $1000. You can’t predict the bottom, hell this might be a bull trap and we haven’t seen it yet. I’m holding out hope it’s not though.

 
Also, I turned around and strengthened my NEO position with ETH because I didnt have my BTC in Binance. So I’m biting the bullet a bit on that one.

 
WhatDoIKnow said:
Is it selfish to want it to stay low for a week while I'm waiting for more funds to clear?  :oldunsure:  

Not to root against anyone, but another week could clear out a lot more people with weaker stomachs.
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As of now it's a perk to be uphold....locked in more BAT at .37 by going directly to the card. 

As of now...... :scared:

unless it's like that on all the sights. I'm only on two

 
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Megaton said:
Just curious, what are the pros and cons of doing it with BTC instead of ETH.  
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ETH fees and transactions are much cheaper and faster. I don’t want to move out of my ETH position but I didn’t have my ledger available to move BTC to Binance. 

 
Miro Z said:
At which point does ETH become a buy?

$808 on Coinbase, down 28%.
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Whenever you're OK with losing every dollar you put into it*

*not saying that's what will happen, but that should be your mentality.   Invest and hold until youre comfortable cashing out, but be prepared to lose it all

 
Dan Lambskin said:
Whenever you're OK with losing every dollar you put into it*

*not saying that's what will happen, but that should be your mentality.   Invest and hold until youre comfortable cashing out, but be prepared to lose it all
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I know, the philosophy would have to be that you wouldn't be surprised if you woke up and it was at zero.

 
I wasn't a huge cryto guy and I still am not.  To the credit of you guys--you transformed me from a person that wanted absolutely nothing to do with them to somebody this open to them.  My take is this:  People tend to over celebrate when markets rise and people tend to over panic when they fall.  This is not unique to cryptos--it's fairly prevalent in all markets.  Most likely a string of questionable/possibly negative headlines are causing people to over panic on these things.  I'd also imagine that there is probably some profit taking to.  Let people over panic and draw the price down as it will generally end up with a very nice buying opportunity.  

 
Candle chart is crazy. Looks like a huge resistance building at 9200. Where are futures contract volumes listed by strike?

The warning sign was there at 15k when these contracts started. Big squeeze gonna catch people with pants down. 

Not advising anyone but if it was my balls on the line I would wait for the first batch of contracts to settle. 

 
Okay, I'll say it...that 1/14 of a Rolex would have looked real good on my wrist right now.  Oh well, no ragrets, right?

 
Serious question:

i have a friend who needs to get $20mm USD out of Angola. The money is denominated in Angola Kwanza (~200 kwanza / USD). 

Could crypto currency be used here?

 
chet said:
Serious question:

i have a friend who needs to get $20mm USD out of Angola. The money is denominated in Angola Kwanza (~200 kwanza / USD). 

Could crypto currency be used here?
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Wouldn't your friend have a huge network of people better suited to answer this question (unless of course he is doing something he shouldn't)? An assumption would be; someone who has this much wealth in ####### Angola has a lot more elsewhere, along with a huge network of people responsible for overseeing said wealth.

I'm close to 100% certain that he is better off getting advice elsewhere on transferring this $20MM out of Angola than on FBG. 

 
fantasycurse42 said:
Wouldn't your friend have a huge network of people better suited to answer this question (unless of course he is doing something he shouldn't)? An assumption would be; someone who has this much wealth in ####### Angola has a lot more elsewhere, along with a huge network of people responsible for overseeing said wealth.

I'm close to 100% certain that he is better off getting advice elsewhere on transferring this $20MM out of Angola than on FBG. 
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Not going into detail other than to say he’s never been to Angola. He and his investors have an Angolan based sub and would like to get their $$ out. 

 
I haven't fully thought this thought out so sue me.

Let's say crypto's purpose (and this may or may not be true) is to reduce processing costs for credit cards, MONEX fees, and ACH fees.  Also, by it's very nature, speed.  The float time is reduced for overnight money market funds as well as overseas money transfers within a corporation.  

All of these have tremendous potential to take cost out of the finance system.  If there is any value in crypto it is cutting costs.  

The thing is you don't need an exchange to do this, you don't need a currency that increases in value only as much as it costs to support the infrastructure to manage the above transaction types.  24/7/365.  There should be no coin that is invented that requires a vertical price appreciation to justify its existence.  The fact that people buy this currency to simply hold it means it is nothing more than gambling.  You can't deposit it in a bank and draw on it (Well BTC anyways).  So I propose this.

A world coin that mines while you are on pr0n site could likely support all the world's blockchain needs.  Would pay the porn stars off in coins, and help all of us get better transaction fees and more credit card rewards and stuff like that passed downstream.  You don't need to hold anything and world wide underfunded pron actresses have an incentive to work.  Who is with me?

 
culdeus said:
I haven't fully thought this thought out so sue me.

Let's say crypto's purpose (and this may or may not be true) is to reduce processing costs for credit cards, MONEX fees, and ACH fees.  Also, by it's very nature, speed.  The float time is reduced for overnight money market funds as well as overseas money transfers within a corporation.  

All of these have tremendous potential to take cost out of the finance system.  If there is any value in crypto it is cutting costs.  

The thing is you don't need an exchange to do this, you don't need a currency that increases in value only as much as it costs to support the infrastructure to manage the above transaction types.  24/7/365.  There should be no coin that is invented that requires a vertical price appreciation to justify its existence.  The fact that people buy this currency to simply hold it means it is nothing more than gambling.  You can't deposit it in a bank and draw on it (Well BTC anyways).  So I propose this.

A world coin that mines while you are on pr0n site could likely support all the world's blockchain needs.  Would pay the porn stars off in coins, and help all of us get better transaction fees and more credit card rewards and stuff like that passed downstream.  You don't need to hold anything and world wide underfunded pron actresses have an incentive to work.  Who is with me?
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The value is in the network (and in ethereum's case, decentralized computation for different sorts of applications) with blockchain.  Part of the reason so many industrial players are setting up on the ethereum chain, other than the fact that it is already established and has a solid ecosystem built around it and is doubling the Bitcoin network's tx throughput on a regular basis, is that there is a profit incentive for users to mine, run nodes and participate in the protocol. 

Without that incentive, there is no network.  I'm probably describing that poorly but it's a really unheralded part of the equation when people talk about "value".  

 
As for why huge corporations don't set up their own network, I don't know.  Some of them are trying, some just use ethereum.  :shrug:  

 
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