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

ZeroThreat · 12-09-2018 07:28PM

smacl wrote: »

Yep, cause he'll feel so much better tomorrow morning a couple of hundred bucks down with a screaming hangover. It really beggers belief that that you criticise people here for wasting their money and then advocating pissing it up against a wall. As has just been said, you might be better sticking to AH.

Well someone posting under the moniker 'Pintman Paddy' is bound to advocate copious consumption of alcohol.

ZeroThreat · 12-09-2018 07:30PM

grindle wrote: »

It looks nice for him there, he'll be well looked after and there's plenty of his own kind there too! Better than that - those people know much less than him so he can appear to be authoritative!

"I haven't read a fúcking jot on this scam but it is a scam because bubble bubble pip pop!"
Such a waste of potential brainpower in that thread.

Well I'm more skeptical myself than I was as a crypto-newbie this time last year.

But the posters there just making one liners like 'I told them crypto was a scam',
probably doesn't even know crypto refers to more than just bitcoin so they see it all as a single entity.

rapul · 12-09-2018 07:39PM

Ah leave Johnny on up on his high horse over there and Paddy aswell what are you on about ,people thanking you for seeing the light haha your are comical you have absolutely no clue how any of this will play out as neither do I but come on stop acting like you helped people haha laughable go out and get pissed as that seems to be the best thing you would advise people to do with there money

And at Autochange personally I wouldn't have gone all in no matter how much on Vechain ,in my opinion bad investment and I haven't lost all my money by a long shot ,stick with the big boyos on top cause they will go back up

grindle · 12-09-2018 07:45PM

ZeroThreat wrote: »

Well I'm more skeptical myself than I was as a crypto-newbie this time last year.

Be sceptical of everything, it's the only way to make a relatively informed decision. Stay away from shíthole subreddits like /r/ethtrader and /r/cryptocurrency, browse something informative and dev-focussed instead and forget about the price.
And don't go all-in on appalling shítcoins.

What gets my goat is posters thinking JF was banned for having a dissenting view - nope, he just repeated those exact same "very enlightening" talking points a trillion times, ignores any positives and refuses to debate his points.
Leaving a sub-forum for a week or two then coming back to repeat the horseshít isn't a counterpoint.

Autochange · 12-09-2018 07:55PM

rapul wrote: »

Ah leave Johnny on up on his high horse over there and Paddy aswell what are you on about ,people thanking you for seeing the light haha your are comical you have absolutely no clue how any of this will play out as neither do I but come on stop acting like you helped people haha laughable go out and get pissed as that seems to be the best thing you would advise people to do with there money

And at Autochange personally I wouldn't have gone all in no matter how much on Vechain ,in my opinion bad investment and I haven't lost all my money by a long shot ,stick with the big boyos on top cause they will go back up

Maybe you are right but to be honest i got bored of looking into various projects only to have Bitcoin drop and pull everything down with it. It's rigged.

I lost interest and decided to put all into the project I felt had most potential

rapul · 12-09-2018 07:58PM

Fair dues can respect that ,goodluck mate I hope you get some returns

Autochange · 12-09-2018 08:00PM

rapul wrote: »

Fair dues can respect that ,goodluck mate I hope you get some returns

I hope we all do.

And those that got in much earlier than the big run up last year well done for having the foresight

el diablo · 12-09-2018 08:36PM

Pintman Paddy Losty wrote: »

The people who listened are very happy they did (I've received multiple PMs from users who have thanked me for making them see the light early).

LOL, of course you have Paddy. :cool:

Deub · 12-09-2018 09:23PM

I am down overall as well but I am not worried. I knew it was high risk so invested only what I could lose.

I m not going to sell now. I will wait and see what happens. It can take years.

Dohnjoe · 12-09-2018 11:36PM

Pintman Paddy Losty wrote: »

Pussyhands, you have 181e left. My advice is to take that money out of crypto. Go out and have a steak dinner in FX Buckleys and a lash of pints. That will be much more enjoyable than looking at charts of red candles and your remaining investmeny dwindling to nothing.

And if it goes through the roof at a later stage? It's not like that hasn't happened before. Your predictions are personal opinions, complete shots in the dark, like many made in 2010, 2012, 2013, 2016 and so on. My mate sold his BTC at 80 euros. My other friend dumped his Dash at around 10 euros. You can potentially imagine the regret involved on their side.

It may go to zero, it may stagnate, it may go through the roof. Speaking from personal knowledge, many portfolios are currently up hundreds of percent, some coins up thousands of percent

People who FOMO'd in at Dec are burnt, and if they sell for a pittance, they run the (very real) chance of watching it rocket up at a later stage.

Benildus · 13-09-2018 08:58AM

Deub wrote: »

I am down overall as well but I am not worried. I knew it was high risk so invested only what I could lose.

I m not going to sell now. I will wait and see what happens. It can take years.

Likewise, i'm significantly down.

I invested what I could afford to lose, if i didn't invest it in Crypto it would have gone to Linkedfinance (for investment there) or my Davy account for buying shares.

Dades · 13-09-2018 01:36PM

IMO, the ones who consistently shout at people to HODL are partly to blame for people who have lost 80% or more of their investment.

Hodling crypto is a "thing", and where most people won't outward tell people to buy a coin, many have no problem encouraging people to hold when the arse is visibly falling out of the market. It's been a chorus of bad advice since January.

rapul · 13-09-2018 01:47PM

Nobody should hold on anyone's advice ,it's only people's opinions that others might be following ,no one to blame but themselves ,hold sell who cares I would assume people can think for themselves

Also for the naysayers ,I'm up a good bit today on my holdings and why is that because I did hold and wait but maybe I was just lucky?!?!?!?

makeorbrake · 13-09-2018 02:06PM

Dades wrote: »

IMO, the ones who consistently shout at people to HODL are partly to blame for people who have lost 80% or more of their investment.

Hodling crypto is a "thing", and where most people won't outward tell people to buy a coin, many have no problem encouraging people to hold when the arse is visibly falling out of the market. It's been a chorus of bad advice since January.

It's hard to say. As regards 'advice', I think everyone should be mature enough to understand that we all make our own decisions. That's true of everything really - but given that crypto is so incredibly unpredictable, it's especially true.

I don't really suggest HODL to anyone. However, if you have a long term belief in the fundamentals of a coin and you see it maturing over the long term, it may not be a bad option. Of course, people should also always take profit if there's a significant accumulation of same. HODL served me well to the tune of about a 4200% increase...albeit it wasn't simply 'true believer' HODL'ing...there was a situational element that meant that it suited my circumstances to do that.

I empathise with those that got stung ATH - but it's clear from their posts above that they understand the nature of it.

I'm not sure if you can cast blame - nobody complained about market manipulation on the way up - and people here are just making their best guesses. It's a discussion forum and everyone is entitled to their own opinion. There is no obligation on anyone to act on the opinion or 'advice' of others.

However, if you were to cast blame, the media is where I would start. It can't be trusted in any area but in the case of crypto, it's just full of lies and vested interests.

Whelo79 · 13-09-2018 06:27PM

Crazy gains today, Eth up almost 20%. You could have bought at $169 yesterday and sell at $205 right now.

sexmag · 13-09-2018 08:39PM

Whelo79 wrote: »

Crazy gains today, Eth up almost 20%. You could have bought at $169 yesterday and sell at $205 right now.

I'm quote suspicious of this gain,10 billion in 24 hours,not good but I think it was the news about Morgan Stanley that helped the increase

https://cryptopotato.com/morgan-stanley-to-launch-bitcoin-swap-too-early-to-say/

Grumpypants · 14-09-2018 04:47AM

sexmag wrote: »

I'm quote suspicious of this gain,10 billion in 24 hours,not good but I think it was the news about Morgan Stanley that helped the increase

https://cryptopotato.com/morgan-stanley-to-launch-bitcoin-swap-too-early-to-say/

Nah it was because i decided to start buying again. I sent my sepa transfer so of course it shoots up in the day it takes old money to move

Tinder Surprise · 19-09-2018 03:27PM

I'm still looking for a valid explanation as to why the market rose so much in the weeks leading up to the peak in Jan 2018 :

Aug 2017 : $100 bil
JAN 2018 : $828 bil
SEP 2018 : $139 bil

..and then its retraction

grindle · 19-09-2018 03:35PM

Tinder Surprise wrote: »

I'm still looking for a valid explanation as to why the market rose so much in the weeks leading up to the peak in Jan 2018 :

Aug 2017 : $100 bil
JAN 2018 : $828 bil
SEP 2018 : $139 bil

..and then its retraction

Total cap hasn't dropped that low yet, but: Really?
Hype, massively illiquid markets, Tether, genuine post-Thanksgiving boom where a huge amount of people who have zero interest in crypto but a large interest in "free money" pushed large sums in, then a profit take.
Easy valid explanation.

Tinder Surprise · 19-09-2018 03:51PM

grindle wrote: »

Total cap hasn't dropped that low yet.

Oops my bad, typo...sorry!

Expecting another Thanksgiving influx? and why so severe last year?

lawred2 · 19-09-2018 03:54PM

some people made some serious cash

small country foreign debt levels of cash

About 95% of crypto investors got rinsed

grindle · 19-09-2018 07:45PM

Tinder Surprise wrote: »

Expecting another Thanksgiving influx?

Not unless the super-rich reckon they can entice people into another hilarious pump so soon after, in which case they'd want to stop shorting everything in the next month. Crypto was all over the news last year, everybody knows how high it went and how hard it has fallen. The only people who should be left are those looking 5-10 years out and whichever enterprises are piloting blockchains.

Tinder Surprise wrote: »

and why so severe last year?

Even though BTC owned the headlines (just like the average pleb on the street thinks of Guetta when you mention electronic music, Nickelback when you mention rock, post-Black album Metallica when you mention metal, etc etc) the entire run was caused by news of huge Fortune 500s getting involved with Ethereum and the EEA announcement was pretty astonishing at the time, it kept snowballing and adding huge names through the year.
Pre-Ethereum you had a fanciful fiat-and-government destroying shítcoin helmed by some of the most awkward and routinely deceitful cúnts alive.
Ethereum pops out with actual economic use-cases and all these companies and governments go "Ah! Now I see the point of this tech."

Also, low liquidity= harsh movements in both directions, Tether was rinsing through the system, many or most exchanges wash trading upwards... It was easy for people with millions to create new millions from FOMO.

JJJJNR · 19-09-2018 08:09PM

Tinder Surprise wrote: »

I'm still looking for a valid explanation as to why the market rose so much in the weeks leading up to the peak in Jan 2018 :

Aug 2017 : $100 bil
JAN 2018 : $828 bil
SEP 2018 : $139 bil

..and then its retraction

If you remember back around that time north Korea was testing and threatening the US with what from the outside looked like a reasonable amount of force, the influx of money was from people looking at bitcoin as a safe haven in the event of a total wipe out of the dollar.

This is the only logical explanation I can think of, I plan on running ML algorithms to back up my claim as the data is available to analyse, including time-lines for every tweet trump made at the time, I don't have the time as I'm working on other projects, but I'm going to get to it at some stage.

This is why I personally don’t think there will be a bull run on bitcoin 2018, the external factors are not there, unless some other nation threaten the US ie. Russia or China, or there is a huge global dump of the dollar, which is already happening but at a much slower pace. I still back block chain though in one shape or another as a future technology in the services sector, it'll be used for transactional use everywhere.

Dohnjoe · 19-09-2018 08:46PM

JJJJNR wrote: »

If you remember back around that time north Korea was testing and threatening the US with what from the outside looked like a reasonable amount of force, the influx of money was from people looking at bitcoin as a safe haven in the event of a total wipe out of the dollar.

Just no. It was FOMO pure and simple. Back in 2013, BTC made headlines all over the world when it hit 1k. That created the 2013 bubble, the dramatic spike and subsequent crash

Dec/Jan was almost identical, except that previously BTC hit 10k (made headlines) then almost hit 20k (making more headlines), that money then flowed into the alts and people saw the "opportunity" to make a lot of money on the alts because "they missed out on BTC"

Friends, colleagues, etc were all buzzing about it, sucking more in. There was a frenzy to sign up with clogged exchanges. Individual alts were "popping" for no other reason than they hadn't "gone up yet"

JJJJNR · 19-09-2018 09:13PM

Yeah I think there is some validity with the north Korea bit especially as once south korea started to ban crypto exchanges the price crashed, So I still think there was a bit of game playing there on the geopolitical stage.

JJJJNR · 19-09-2018 09:33PM

https://www.theverge.com/2017/12/18/16793532/us-north-korea-wannacry-ransomware-cyberattack-trump-admin

Its not hard to imagine that north korea made a sh*t load from bitcoin last year, and it was in there interest to push with the testing and scaremongering.

Pussyhands · 20-09-2018 04:24PM

There is no rationale for why the price went up or down.

I remember last January people saying chinese new year, crypto bans in Korea etc.

People tried to make reasons for the prices.

What caused a 20% dip a couple days back? No reason for it. Just like there's no reasons for it going up.

When I say reasons I mean real news. It's likely driven by whales who are making millions from it.

Dohnjoe · 20-09-2018 05:14PM

Pussyhands wrote: »

There is no rationale for why the price went up or down.

Traditional irrational exuberance followed by massive panic, followed by low market confidence resulting in the bear we see today. Can overlay it with 2013 and it's almost identical.

Good news has low effects in a bear market, higher effects in a bull market

We don't know what will happen next, but with hindsight we can analyse and explain what happened in the past

Pussyhands · 21-09-2018 11:46AM

Dohnjoe wrote: »

Traditional irrational exuberance followed by massive panic, followed by low market confidence resulting in the bear we see today. Can overlay it with 2013 and it's almost identical.

Good news has low effects in a bear market, higher effects in a bull market

We don't know what will happen next, but with hindsight we can analyse and explain what happened in the past

Nah I don't think so.

What has put the prices up today? What caused a 40% increase in ripple?

sexmag · 21-09-2018 11:55AM

Pussyhands wrote: »

What has put the prices up today? What caused a 40% increase in ripple?

https://www.coindesk.com/up-13-xrp-jumps-by-double-digits-for-second-time-this-week/

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

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