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Is anyone else starting to become a bit worried? mod note in first post

Autochange

Bear markets
Fud
Regulation
Wall Street manipulation
The supposed tether ticking time bomb

What are your thoughts? Have you cashed out? Have you been buying the dips?

MOD NOTE:
Its good to see healthy debate and discussion taking place and I am sure every supporter of cryptocurrency and blockchain can agree that the contrarian viewpoint is worthwhile reading, if only to act as an anchor and help prevent investors from getting carried away in an echo chamber of "everything is wonderful, just keep going"

However, there have been a few reported posts recently which I did not action as I wanted to see the thread level out itself rather than start forcing viewpoints and I have been in two minds about that decision.

I'm not going to single any posters out but I'm going to ask that all posters read the forum charter and I want to point out that it was established years ago in the Television forum, that dropping in on a forum to tell the followers of that forums topic (in that case a particular tv show) that it was all crap and only idiots watched it etc etc was the exact definition of being a dick and attempting to troll. I know this because I was the mod of the forum at the time. Now look at the forum charter again.

There is pretty much one rule on this forum : if you cannot discuss in a civil manner, and I mean discuss, not soapbox or attack, then you have absolutely no business posting here and I have no qualms about removing your ability to do so.

This forum is for people that have in interest in cryptocurrencies, blockchain and their application to financial investments. that can be positive or negative but if you really feel the need to start pulling out memes / hiding insults in imaginary hashtags / attacking personalities or just generally being a dick there are other forums you can post in where I will let the local mods determine if it is within the scope of allowable behaviour. Here, it is not.

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draiochtanois

This post has been deleted.

EagererBeaver

mrDerek wrote: »

I think it's a safe bet the market will go up from here so yeah I think it's a for sure call crypto isn't just gonna call it a day

One would hope but "safe bet" isn't a phrase to be used too often in these parts.

Pussyhands

Can someone explain how all coins can have a bump at exactly the same time?

makeorbrake

mrDerek wrote: »

I think it's a safe bet the market will go up from here so yeah I think it's a for sure call crypto isn't just gonna call it a day

I agree with you on Crypto not calling it a day - it's going to stick around and continue to morph and develop. However, that's detached from price speculation...and on the pricing side of things, there is no 'for sure'.

hots

Pussyhands wrote: »

Can someone explain how all coins can have a bump at exactly the same time?

Most often relationship to BTC.

EagererBeaver

Pussyhands wrote: »

Can someone explain how all coins can have a bump at exactly the same time?

Because they're all pretty much traded in a pair predominantly with BTC.

lawred2

Tinder Surprise wrote: »

current Top 10 high caps :eek::eek:

still wouldn't stop me filling my boots with $.30c Cardanos if I had the disposal income to do so.

Cardano is vaporware for mugs

Tinder Surprise

lawred2 wrote: »

Cardano is vaporware for mugs

Well feck me they sure are pulling a lot of wool over a lot of mugs eyes of those peer-reviewed researchers in the world's foremost universities who are accrediting their work.

what a bizarre statement - think you need to refresh on Cardano and their roadmap.

Dades

Squozen wrote: »

Difference is that over time the stock market always recovers. Bubbles don't.

You obviously haven't tried to buy a house in Dublin or Apple shares recently!

lifeandtimes

Dades wrote: »

You obviously haven't tried to buy a house in Dublin or Apple shares recently!

Zing

lawred2

Tinder Surprise wrote: »

Well feck me they sure are pulling a lot of wool over a lot of mugs eyes of those peer-reviewed researchers in the world's foremost universities who are accrediting their work.

what a bizarre statement - think you need to refresh on Cardano and their roadmap.

It's a whitepaper with no working products. It's easy to lash out a roadmap. But the positive sentiment behind it's price was largely driven by fomo and a sub dollar price.

I won't be investing anyway but best of luck with it all the same. Truly.

papu

Oh hay 9k
$

lifeandtimes

papu wrote: »

Oh hay 9k
$

Slowly on the rise again and a couple of coins in the green.

I don't think the worst is over but we are getting near the end of the crash (hopefully)

makeorbrake

lawred2 wrote: »

I won't be investing anyway but best of luck with it all the same. Truly.

Another Dragon out TinderSurprise...this isn't going well for you.

Tinder Surprise

makeorbrake wrote: »

Another Dragon out TinderSurprise...this isn't going well for you.

chakotha

Why did everything bounce massively at 12:50 today. While I was getting a roll. Wtf.

I sold my ETH at $'s 880 and 850 and bought back at 920 and 950. Lol.

papu

chakotha wrote: »

Why did everything bounce massively at 12:50 today. While I was getting a roll. Wtf.

I sold my ETH at $'s 880 and 850 and bought back at 920 and 950. Lol.

Folks in the US waking up and buying the dip?

Autochange

papu wrote: »

Folks in the US waking up and buying the dip?

Hopefully Zing Zao and his countrymen keep buying later tonight.

lifeandtimes

Autochange wrote: »

Hopefully Zing Zao and his countrymen keep buying later tonight.

Best way to stop the crash is to buy buy buy.

Sounds mad but if you want to stop your loss buy more and when everyone else does the value of your coins go up.

Come on lads collective effort here, tell are your Asian mates to keep buying on the morning and then we'll follow suit tomorrow and the yanks there after and we will all leave in blissful harmony.....in our lambos

Autochange

lifeandtimes wrote: »

Best way to stop the crash is to buy buy buy.

Sounds mad but if you want to stop your loss buy more and when everyone else does the value of your coins go up.

Come on lads collective effort here, tell are your Asian mates to keep buying on the morning and then we'll follow suit tomorrow and the yanks there after and we will all leave in blissful harmony.....in our lambos

I don't want a lambo. I want my ven to recover before the rebranding so I can sell ath before the inevitable dip. My loyalty is gone. Too many factors at play now

[Deleted User]

EagererBeaver wrote:

Forex traders don't use the currency either. They hold it, or they trade it.

I'm just visiting this thread. I'm not trying to sell anything. I'm just pointing out that it is the only unsupported currency in the world. It's the only purely speculative currency in the world.

Starting a thread saying that you might be worried about something totally speculative is only asking for idiots like me to comment.

[Deleted User]

lifeandtimes wrote:

Best way to stop the crash is to buy buy buy.

Pyramid sellers say the exact same thing

NIMAN

I just hope people haven't invested their life savings or entire livelihoods into these things.

lifeandtimes

Sleeper12 wrote: »

Pyramid sellers say the exact same thing

Ha, true.

Look everyone should have invested what in their mind had already been lost.

We will get through this, the market will improve and people will use this time as an educational event and this will help hone people's crypto trading strategies

dubrov

Sleeper12 wrote:

I'm just visiting this thread. I'm not trying to sell anything. I'm just pointing out that it is the only unsupported currency in the world. It's the only purely speculative currency in the world.

Most currencies are not supported by anything except belief

In saying that I doubt there is any currency as volatile as even the most stable crypto.

[Deleted User]

dubrov wrote:

Most currencies are not supported by anything except belief

Most currencies are backed up by collateral. If there is a run on a currency other currencies will back it up.

Im not knocking what it is. You take your chances and you might make a lot of money but it is purely speculative. It has no grounded value. That in itself is fine so long as you know that it's purely by chance

I get that they say that there is a finite amount of Bitcoin & that in itself might create value but then they create another currency & another. Without regulation someone can create a million different currencies. You can't put a value on that. It's speculation

Autochange

dubrov wrote: »

Most currencies are not supported by anything except belief

In saying that I doubt there is any currency as volatile as even the most stable crypto.

Are you knowledgeable in Vechain?

Anthracite

lifeandtimes wrote: »

Ha, true.

Look everyone should have invested what in their mind had already been lost.

We will get through this, the market will improve and people will use this time as an educational event and this will help hone people's crypto trading strategies

I beg to differ. Most currencies will die on their arses. The ultimate winner might be one of the thouands out there already, or one yet to be created. The only sure thing is that most currencies are going to zero in the medium term at best.

grindle

Sleeper12 wrote: »

Most currencies are backed up by collateral. If there is a run on a currency other currencies will back it up.

What's the US Dollar backed up by? Besides force.
Promises? That's the only collateral the US government offers.
"We promise this dollar will be a dollar tomorrow and a dollar in five years - please ignore inflation, interest rates and please don't question the derivative debt circlejerk we have going on."

Sleeper12 wrote: »

I'm not knocking what it is. You take your chances and you might make a lot of money but it is purely speculative. It has no grounded value. That in itself is fine so long as you know that it's purely by chance

Security. Implicit ownership. Inability to be forged or diluted.

Sleeper12 wrote: »

I get that they say that there is a finite amount of Bitcoin & that in itself might create value but then they create another currency & another. Without regulation someone can create a million different currencies. You can't put a value on that. It's speculation

They? Who are "they" and why would people entrust their money to those people?

If you want to create a shítcoin (or a million) with it's own blockchain your security, cryptography & general purpose software engineers are going to have to compete with the best in the world in order to maintain, update & innovate beyond the competition - but of course, hard work and teams of extremely talented developers solving cryptographic/algorithmic puzzles all day long in an effort to keep code as concise as it needs to be to get implemented while at the same time trying to figure out the economics or game theory behind every single idea presented in a testnet trial for one of their currencies has no inherent value. :rolleyes:
Unless the market could find some way to place a value on the effort... Some method of price discovery maybe. Exchanges could possibly be bui...oh. That's reality.

lifeandtimes

grindle wrote: »

What's the US Dollar backed up by? Besides force.
Promises? That's the only collateral the US government offers.
"We promise this dollar will be a dollar tomorrow and a dollar in five years - please ignore inflation, interest rates and please don't question the derivative debt circlejerk we have going on."

Security. Implicit ownership. Inability to be forged or diluted.

They? Who are "they" and why would people entrust their money to those people?

If you want to create a shítcoin (or a million) with it's own blockchain your security, cryptography & general purpose software engineers are going to have to compete with the best in the world in order to maintain, update & innovate beyond the competition - but of course, hard work and teams of extremely talented developers solving cryptographic/algorithmic puzzles all day long in an effort to keep code as concise as it needs to be to get implemented while at the same time trying to figure out the economics or game theory behind every single idea presented in a testnet trial for one of their currencies has no inherent value. :rolleyes:
Unless the market could find some way to place a value on the effort... Some method of price discovery maybe. Exchanges could possibly be bui...oh. That's reality.

"Meow, Saucer of milk,table grindle"