Is anyone else starting to become a bit excited?

grindle

Blueshoe wrote: »

Prices should decrease because there are more people.

Explain that one please

With a static currency wages and prices would experience the effects of deflation instead of us having to invent QE and abusing inflation to make things seem "fair" to people who've gotten used to benchmarked ever-increasing wages and property prices booming for fúck all reason.

I presume you imagine the 2008 bail-outs (bail-ins) weren't a manipulation of the markets?
Notions. Reminds me of the property forum here before the crash, everybody thought the constant upwards movement was natural - it was an illness and it was much more damaging than anything the crypto market has pulled off.

q85dw7osi4lebg

Blueshoe wrote: »

The crypto market is a mess. Like I said an unregulated, manipulated wild West full of insider trading, fake volume, pump and dump tactics etc.

But it's not supposed to be regulated

Blueshoe

Addison Fancy Macrame wrote: »

But it's not supposed to be regulated

The market should be. Especially when there is USD and Euro involved . If people want to trade worthless buttons with each other that's fine but when real money is involved it needs regulation of it is ever to become mainstream.

Blueshoe

grindle wrote: »

With a static currency wages and prices would experience the effects of deflation instead of us having to invent QE and abusing inflation to make things seem "fair" to people who've gotten used to benchmarked ever-increasing wages and property prices booming for fúck all reason.

I presume you imagine the 2008 bail-outs (bail-ins) weren't a manipulation of the markets?
Notions. Reminds me of the property forum here before the crash, everybody thought the constant upwards movement was natural - it was an illness and it was much more damaging than anything the crypto market has pulled off.

Do you think the bail outs shouldn't have happened? Where would the world economy be now.

Speculation on other assets has nothing to do with the crypto market.
Saying that the current monetary system or stock market is bad does not give any legitimacy to the crypto markets.
It's just another means of a cash grab. It's still valued in fiat currency .
Unlike the stock market though it is not regulated. An absolute mess

q85dw7osi4lebg

Blueshoe wrote: »

The market should be. Especially when there is USD and Euro involved . If people want to trade worthless buttons with each other that's fine but when real money is involved it needs regulation of it is ever to become mainstream.

Real money? No such thing.

Blueshoe

Addison Fancy Macrame wrote: »

Real money? No such thing.

Lol.

Go pay for your shopping or kids clothes with your tokens. See how that goes

And what do you intend to use to buy those tokens?

q85dw7osi4lebg

Blueshoe wrote: »

Lol.

Go pay for your shopping or kids clothes with your tokens. See how that goes

And what do you intend to use to buy those tokens?

You genuinely have nothing better to do with your life do you haha.

q85dw7osi4lebg

What happens if you use your Coinbase visa card to purchase crypto on Coinbase? Does a black hole open ?

Blueshoe

Addison Fancy Macrame wrote: »

You genuinely have nothing better to do with your life do you haha.

You have drawn a blank.
Respond with an insult instead.

No such thing as real money. Lol.

q85dw7osi4lebg

Blueshoe wrote: »

You have drawn a blank.
Respond with an insult instead.

No such thing as real money. Lol.

No, I'm just not arsed talking to a non believer, it's a battle that cant be won. This is the excited thread. Go over to the worried one and bash away.

I honestly don't know why someone would spend their weekends sealioning strangers on the web.

Blueshoe

Addison Fancy Macrame wrote: »

No, I'm just not arsed talking to a non believer, it's a battle that cant be won. This is the excited thread. Go over to the worried one and bash away.

I honestly don't know why someone would spend their weekends sealioning strangers on the web.

It's pissing rain all day. Iv little to do.
I'm off to Tesco now to buy food with fiat before it becomes useless and is replaced by tokens.

stockshares

makeorbrake wrote: »

In a bear market, there's just as much money to be made as in a bull market. i.e. if you believe that as of tomorrow morning, the price of Bitcoin is going to drop, you can take out a position to reflect that and make a bag full of $

That's if you have conviction in your claim.

Grumpypants wrote: »

The very simplest explanation would be if i thought Bitcoin would be 8k now but drop to 2k in July. I'd say to you, give me a loan of 10 bitcoin now and ill give them back in August.

You give them to me, i sell them all for 80k. Then buy them back for 20k in July. I give you back 10 bitcoin in August and pocket 60k profit.

The risk is of course that bitcoin goes to 10k and i've to spend 100k to get your coins back.

Thanks Lads.

So does it mean that two people bet on a different outcome for a coins price on a certain date and whoever loses pays the other

grindle

Blueshoe wrote: »

Do you think the bail outs shouldn't have happened? Where would the world economy be now.

Speculation on other assets has nothing to do with the crypto market.
Saying that the current monetary system or stock market is bad does not give any legitimacy to the crypto markets.
It's just another means of a cash grab. It's still valued in fiat currency .
Unlike the stock market though it is not regulated. An absolute mess

AIB should have been nationalised and phased out through buy-outs of their assets by competing banks over a set period, house prices should have had another 25-50% drop from what we consider the bottomed-out prices (seriously, at the bottom of the dip they were still massive overvalued - don't worry though, print more money, be graaaannnnnd... sometime.), the German bondholders should never have been paid back and if the EU refused to stump up money as an insurance against our failure they should have been taken to court.
They were literally blackmailing us. There isn't any other way to view it unless you lie.

Dohnjoe

stockshares wrote: »

Can someone explain Shorting to me. I've googled it but can't get my head around it.

Borrow the stock now, sell it now. Buy the stock later (when you believe it will be a lower price) and give the stock back to the lender

Blueshoe

grindle wrote: »

AIB should have been nationalised and phased out through buy-outs of their assets by competing banks over a set period, house prices should have had another 25-50% drop from what we consider the bottomed-out prices (seriously, at the bottom of the dip they were still massive overvalued - don't worry though, print more money, be graaaannnnnd... sometime.), the German bondholders should never have been paid back and if the EU refused to stump up money as an insurance against our failure they should have been taken to court.
They were literally blackmailing us. There isn't any other way to view it unless you lie.

What does that specifically have to do with crypto currency markets though?

What does it have to do with Eos or Vet or iota?

stockshares

Dohnjoe wrote: »

Borrow the stock now, sell it now. Buy the stock later (when you believe it will be a lower price) and give the stock back to the lender

Who do you borrow it from. Who ensures that it's paid back

Dohnjoe

grindle wrote: »

I presume you imagine the 2008 bail-outs (bail-ins) weren't a manipulation of the markets?

It wasn't a manipulation. It was a full-on rescue of the financial system, aka ourselves. If the system went into full meltdown (it came close enough), it was curtains, 1929 all over again, there were projections of 25%+ unemployment in the US, a catastrophic recession, "soup lines and shanty towns".. real disaster movie stuff. The only thing it would have achieved would have given the fickle public some old testament justice against the perceived arsonists

Actually the politicians in the US, on both sides of the divide, rejected the first TARP, it's only when it became clear that the fin. crisis was affecting their constituents, that ATMs would literally stop working, that there would be runs on banks (like Northern Rock in the UK) that they realised they had no choice

It was a no-brainer. Was it "fair"? not really. But banks, insurers, credit rating agencies, etc are institutions of people, there wasn't some evil bond villain behind it all. There wasn't much moral hazard behind it (except in Iceland). Many, if not most, got caught up in "bubble thinking", the notion that house prices wouldn't significantly drop, and even if they did, there'd be a brief "correction", the whole market became leveraged on that, took great risks, relaxed credit controls, relied on assets that didn't immediately belay growing numbers of underlying defaults (a bit like the mood in December 2017 for crypto)

Also regarding QE, yeah it was controversial, has benefits/drawbacks (it's not black and white), but in retrospect most economists seem to agree that it was beneficial considering the circumstances

stockshares

Apparently there is an Analyst who correctly predicted Bitcoins low point and the current high. The analyst made further predictions.
https://cryptopotato.com/the-analyst-who-predicted-bitcoins-bottom-current-price-says-16k-in-october/

I didn't think much of the article until Traders that I follow on Twitter started tweeting on it.

The future predictions are in the screenshot.

JJJJNR

Dohnjoe wrote: »

It wasn't a manipulation. It was a full-on rescue of the financial system, aka ourselves. If the system went into full meltdown (it came close enough), it was curtains, 1929 all over again, there were projections of 25%+ unemployment in the US, a catastrophic recession, "soup lines and shanty towns".. real disaster movie stuff. The only thing it would have achieved would have given the fickle public some old testament justice against the perceived arsonists

Actually the politicians in the US, on both sides of the divide, rejected the first TARP, it's only when it became clear that the fin. crisis was affecting their constituents, that ATMs would literally stop working, that there would be runs on banks (like Northern Rock in the UK) that they realised they had no choice

It was a no-brainer. Was it "fair"? not really. But banks, insurers, credit rating agencies, etc are institutions of people, there wasn't some evil bond villain behind it all. There wasn't much moral hazard behind it (except in Iceland). Many, if not most, got caught up in "bubble thinking", the notion that house prices wouldn't significantly drop, and even if they did, there'd be a brief "correction", the whole market became leveraged on that, took great risks, relaxed credit controls, relied on assets that didn't immediately belay growing numbers of underlying defaults (a bit like the mood in December 2017 for crypto)

Also regarding QE, yeah it was controversial, has benefits/drawbacks (it's not black and white), but in retrospect most economists seem to agree that it was beneficial considering the circumstances

Ahem. Does the Rothschilds being a partner in Anglo telling the bank to pump irish developers with cheap credit to build houses and then sit back and watch the house of cards fall not constitute....manipulation.

Dohnjoe

JJJJNR wrote: »

Ahem. Does the Rothschilds being a partner in Anglo telling the bank to pump irish developers with cheap credit to build houses and then sit back and watch the house of cards fall not constitute....manipulation.

"Can you provide an overview of the key factors involved in the housing crisis"

"The Jews.."

Arrival

stockshares wrote: »

Apparently there is an Analyst who correctly predicted Bitcoins low point and the current high. The analyst made further predictions.
https://cryptopotato.com/the-analyst-who-predicted-bitcoins-bottom-current-price-says-16k-in-october/

I didn't think much of the article until Traders that I follow on Twitter started tweeting on it.

The future predictions are in the screenshot.

They say his 2020 predictions are a bit extreme but I wouldn't think so considering many analysts expect >$100k in 2021, I can't imagine the movement from $80k to $100k would be too quick also so, meaning it'd gradually hit that in 2021. Going to be good craic seeing all of these predictions compared with reality later in the year either way. Really hoping for a nice dip in the meantime again of course

Dohnjoe

stockshares wrote: »

Apparently there is an Analyst who correctly predicted Bitcoins low point and the current high. The analyst made further predictions.
https://cryptopotato.com/the-analyst-who-predicted-bitcoins-bottom-current-price-says-16k-in-october/

I didn't think much of the article until Traders that I follow on Twitter started tweeting on it.

The future predictions are in the screenshot.

Yup 4chan

According to "analysts" BTC will be everything from zero to one million by late this year.

makeorbrake

Blueshoe wrote: »

No I don't think so. Not while there is no regulation

Ok but if you leave the regulation aside, do you see any aspects of crypto that are worthwhile? eg. non-confiscatable, borderless, secure, etc.

Blueshoe wrote: »

Inflation and deflation are the cornerstone of fractional reserve banking and must be constantly fiddled with depending on how an economy is performing. You need to look into this a bit more.
If you don't understand it you can't have an accurate opinion on it

This discussion gets touched on here and there the odd time. I guess it only would become relevant if a decentralised crypto made a very very significant impact - so not one for the short term (if ever).

I'm not forming a hardcore view on it as I don't feel I know enough about macro-economics to do so. Having said that, I don't understand how the roof has to cave in if we were to leave that system behind. Why do we have to have inflation/deflation? Who does that actually benefit? Why do we have to have societies where a large chunk of citizens are up to their eyeballs in debt?

Please suggest that there would be no growth but if we could get back to baseline and start over, I don't understand how everything has to be fueled in this way.

It's an interesting topic - would like to see more written about it.

Blueshoe wrote: »

The market should be. Especially when there is USD and Euro involved . If people want to trade worthless buttons with each other that's fine but when real money is involved it needs regulation of it is ever to become mainstream.

I agree with regulation on the centralised aspects - i.e. centralised crypto exchanges. However, regulation needs to be reasonable..and the latest suggested regulation form the U.S. and the europeans is not practical. (pseudo) anonymity and privacy are cornerstones of the Bitcoin protocol itself. If you make everyone in the ecosystem declare details about every single transaction on the network, that destroys what crypto is (aside from the fact that the exchanges won't be given accurate information anyway - and will have no way to verify what they're being told by clients as regards incoming and outgoing transactions on the blockchain.

Blueshoe wrote: »

Lol.

Go pay for your shopping or kids clothes with your tokens. See how that goes

And what do you intend to use to buy those tokens?

I take your point. It's one that's made quite often by those that don't hold up much faith in the notion of crypto. However, my take on it is that you have to put things in perspective. You can't just unpack a crypto out of the box and have it working as its own entire eco-system from the get go. That process is ongoing and will take years (and may be completed entirely successfully or otherwise - i'm open to either eventuality).


Thanks for expressing your opinion though. It's always good to hear a different perspective/contrarian view (not accompanied by a smart ass attitude as we've had here with a few others in the past).

Dohnjoe wrote: »

Also regarding QE, yeah it was controversial, has benefits/drawbacks (it's not black and white), but in retrospect most economists seem to agree that it was beneficial considering the circumstances

The history books are not done with QE yet though. We've not been weaned off it yet.

JJJJNR

Dohnjoe wrote: »

"Can you provide an overview of the key factors involved in the housing crisis"

"The Jews.."

Go full retard then.

Frozen Veg

stockshares wrote: »

Apparently there is an Analyst who correctly predicted Bitcoins low point and the current high. The analyst made further predictions.
https://cryptopotato.com/the-analyst-who-predicted-bitcoins-bottom-current-price-says-16k-in-october/

I didn't think much of the article until Traders that I follow on Twitter started tweeting on it.

The future predictions are in the screenshot.

WOW a 300% return by next February predicted.

stockshares

It was mentioned on telegram that Cajutel announeced some Telecom partnership in West Africa. Im not sure which phone network, Vodafone and Telenor mentioned but this could be bull****

https://cajutel.io/

https://coinmarketcap.com/currencies/cajutel/

JJJJNR

I got some marketing blurb about dent a while back, looks like the marketing paid off, its primed.

https://coinmarketcap.com/currencies/dent/

JohnnyFlash

stockshares wrote: »

Apparently there is an Analyst who correctly predicted Bitcoins low point and the current high. The analyst made further predictions.
https://cryptopotato.com/the-analyst-who-predicted-bitcoins-bottom-current-price-says-16k-in-october/

I didn't think much of the article until Traders that I follow on Twitter started tweeting on it.

The future predictions are in the screenshot.

The fact that your traders are following the advice of some oddball in 4chan with a cartoon avatar is worrying. A more measured perspective on why the price of Bitcoin (and therefore all other coins) has improved is because the good guys at Tether are printing their magic money at a savage rate, and sending it to bucket shops like Binance where it is being used to inflate the price.

https://twitter.com/Bitfinexed

Follow that lad. Far more useful for seeing what is reallly going on.

Dohnjoe

JohnnyFlash wrote: »

The fact that your traders are following the advice of some oddball in 4chan with a cartoon avatar is worrying. A more measured perspective on why the price of Bitcoin (and therefore all other coins) has improved is because the good guys at Tether are printing their magic money at a savage rate, and sending it to bucket shops like Binance where it is being used to inflate the price.

https://twitter.com/Bitfinexed

Follow that lad. Far more useful for seeing what is reallly going on.

Come on, this is as weak as the silly conspiracies that the crypto community entertain about banking/finance/economics

It's going up in price for a number of positive speculative reasons. On top of that in the long term there is that pending ETF decision, when/if that goes green, then there will be a serious spike

On the other hand, the market could take a turn, but Tether doesn't play such a major role - and if it were to blow up, the market will tank and another trading pair stablecoin will take over

q85dw7osi4lebg

What hard wallet is everyone using currently ?