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Acid In The Punch Bowl

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Posts posted by Acid In The Punch Bowl

  1. 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.

  2. 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. 

  3. 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.

  4. 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.

  5. 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.  

  6. 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. 

  7. 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)

  8. 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. 

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