Acid In The Punch Bowl
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Posts posted by Acid In The Punch Bowl
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53 minutes ago, warpig said:
It needs to adhere to my chart or at least some sort of predictable pattern, that shows me it's maturing. I fully appreciate no one here believes you can chart BTC... but let's just see what happens. So I won't buy now, but it if tracks my second descending blue line, I'll look to buy then.
No even with imaginary money, I wouldn't have bought in yet. Although I was thinking today, I wish I'd spent £50 on BTC back when it was $5 a coin.... but no... why would I buy something I could mine myself. Seemed like a waste of money at the time!
Any predictable pattern in a market will be exploited and therefor become unpredictable. Thats why you can see patterns in the past, but they don't make you money in the future. It's really not complicated. Good luck mate.
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I’m not a fan of alt coins, but a have a mate really really bending my ear about chainlink. So I was just wondering if anyone had any specific views, positive or negative. FWIW I am in no way planning to buy, just interested since he seems pretty all in on it.
I get the alt coins are bs, it’s all about Bitcoin argument, so no need to make that. Just wondering about the specifics of chainlink from the POV of the hive mind. -
hATHppy Christmas one and all.
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2 hours ago, markyh said:
Ahhh, bitcoin as it should be, ay least five figures when starting with a £!
Well you cursed that one.
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Reminds me of this HPC classic.
https://soundcloud.com/user-844026673/the-great-hargeisa-goat-bubble
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Love that everyone on here talks with authority about Bitcoin either booming or busting, but no-one predicted this massive ******ing rally.
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10 hours ago, goldbug9999 said:
Point me to one person, just one, who has got rich using TA
Loads of people have! Selling books and online courses on TA.
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16 hours ago, markyh said:
For me I am very curious where we will be in 5 years time
Interestingly I bought in about 5 years ago. If you told me then, we would be where we are now after 5 years I would have told you to ****** right off with your crazy predictions. Been a mad 5 years. Loved the crashes as much as the gains, what a ride.
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On 02/10/2018 at 03:38, dragging boot straps said:
No need to wait that long as it turns out fella. https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/
I think you posted in the wrong thread by mistake. This is the XRP thread:
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On 25/09/2018 at 13:04, dragging boot straps said:
Let's have this conversation at the end of next year at the latest
Can we hold you to that? Run along to the existing and busy XRP thread and we'll see you back here at the end of next year. Byeeee
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59 minutes ago, Kosmin said:
No. I think I've explained several times. The value of fiat currencies is not based on faith but twintopt (That Which Is Necessary TO Pay Taxes).
For me the value and backing for Bitcoin is maths, cryptography and algorithms. After observing the actions of central banks and governments in the last couple of decades, I would prefer to entrust a portion of my money to a decentralised currency that relies on maths, cryptography and algorithms, rather than humans.
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1 hour ago, goldbug9999 said:
Yeah yeah thats what every know-it-all new to the space says thinking they are being insightful and clever, but really your just displaying your ignorance of the tech and computer science.
A blockchain is not useful without a valuable token, no token means mean no incentive structure to secure the network.
yup, this
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Just googled when the Euro came in to existence. Was Jan 1st 1999.
So at the end of this year it will have been around for 20 years. It will be interesting to see how this is celebrated given the endless and current problems with the currency.
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Yeah XRPs amazing, definitely gonna be the one. Lets all head over to the dedicated XRP thread to chat about it:
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2 hours ago, goldbug9999 said:
Right so its got massive built in inflation and can be censored (and for bonus -ve points Neo is centralised as hell). Congrats on finding something even more lame with less actual crypto properties than XRP though, GG.
Honestly I dunno why you bother with crypto at all, fiat does everything you want already.
Yeah surely if you sign up for swift, the first thing you do when you get then is trade them for a non inflationary coin.
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3 minutes ago, narco said:
The current coins I can see potentially being used for day to day payments is either XLM (Stellar Lumens) or NANO. I own some of each and both are a joy to use in terms of efficiency, speed and cost. Both coins have pros and cons and aren't perfect.
Serious question. Why not use GBP for day to day transactions?
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Depends what problem you need fixing.
I dont need need help with day to day transactions. I can do it with cash and card.
I don’t need help thansfering money to a mate, I can do it with bank transfer or PayPal.
I don’t need help with online purchases, I can do it with PayPal or card.
International transfers could do with some streamlining, but also not a massive problem.
The problem I have is I need a savings account. No currency seems worth saving in these days. Then along comes Bitcoin, a deflationary currency. As soon as I read about it I realized what a game changer it was. And since then it’s done exactly what it said on the tin.
It seems Narco is waiting for some unicorn coin that solves the non problems that I first mentioned, but you missed it. Bitcoin was the invention.
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42 minutes ago, jiltedjen said:
everyone I know including myself are mid to late 20’s
i would consider anyone older to be extremely tech savy for an old person, hats off to you if you in your 40’s and can see Bitcoins potential
I don’t think it’s about being tech savvy, it’s more about being financially aware. I think a lot of the people who bought early on understood the problems with the economy and so understood what a sea change Bitcoin represents. From there the learnt what they needed to to use the tech.
I think more recently a lot of tech savvy people have joined.
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8 hours ago, narco said:
2013 was a tiny spec compared to the bubble of 2017.
No, 2103 was massive. It just looks like a tiny spec in hindsight. In fact there were 2 massive bubbles in 2013. Look at it in log scale and the moves then were much more violent.
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I do loads of work for London these days... From the other side of the world.
Did a some great work in the pre Christmas rush from a beach hut in the tropics. Do work for Dubai and all over Asia also. So glad not to live in that shot hole. The works good though, just glad I can do it from somewhere nicer.
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38 minutes ago, Kosmin said:
There should be a real rush to buy now.
Everyone who has serious money has heard of bitcoin and everyone is aware of the advantages. There was a big rise at the end of last year as important steps (e.g. bitcoin futures) were taken. At this stage it is obvious bitcoin is a position to go to the moon. There should be big money flowing in. Why isn't it? If the price will be in the millions in several years or decades, why risk missing out waiting for a fall from $10k to $5k which might not materialise? The price could jump back and reach new highs before you know it. Given the perspective that bitcoin will be gold 2.0 investors ought to be buying at least enough to prevent price falls (the demand from a handful of sovereign wealth funds and billionaires alone could send the price skyrocketing, so they might be sensible to drip feed in to avoid bidding prices up).
If the big money managers are looking at bitcoin and observing that others are not buying bitcoin isn't that just going to confirm their view that bitcoin isn't going much higher? If people continue to avoid bitcoin, then a fiat collapse will seemingly lead to a return to gold instead of bitcoin (admittedly they can co-exist, but at present gold dwarfes bitcoin)
Are you expecting some further news or information or understanding in 2019 which prompts people to start buying? The only thing I can think of at this stage is a difference of opinion on what regulations are going to be implemented and what affect they will have. Maybe most people are expecting bitcoin to be banned, but the optimists are expecting the sans to fail to have an effect.
Personally I believe a true free market, international currency with a fixed supply will be hugely attractive. How do you place an exact value on that? Impossible, we'll just have to see how it plays out.
One thing I don't understand is how people with multiple thousand posts on this site can not understand what a fundamental change cryptos represent. (edit to add that wasn't aimed at Kosmin, just a general observation)
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3 minutes ago, kudukid said:
Have you made any money though or do you have a string of numbers ?
I've taken 14 x my original stake in profits and have 50 x my original stake still in crypto, mostly Bitcoin. In terms of sheer multiplications of investment, I doubt I will ever beat that. I bought in the middle of the first 2013 bubble. The money I have taken as profits has gone in to my (small) business genuinely helping me have an edge over my competitors.
The Bubbly Bitcoin Thread -- Merged Threads
in House prices and the economy
Posted
Hi
If you have bitcoin on an exchange, what's the easiest process if you want to use your capital gains limit, but stay in BTC. Can you sell BTC and buy back immediately? Or do you need to sell and keep in GBP for any period of time? Any advice appreciated.