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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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JJJJNR

Possible 800 euro made this week if you knew what you were doing not a bad week for crypto.

[Deleted User]

JJJJNR wrote: »

So another h&s pattern has formed on bitcoin, this time bigger than before. Buy signal usually but don't take my word on it.

I don't think people will tbf.

JJJJNR

JJJJNR wrote: »

inverse head and shoulders pattern has just completed with an uptrend. I think it's a good sign.

So another h&s pattern has formed on bitcoin, this time bigger than before. Buy signal usually but don't take my word on it.

sexmag

JohnnyFlash wrote: »

Wasn’t this a site you dismissed only 20 minutes ago? It’s my understanding that this is a widely respected tech website, with articles written in a slight tongue in cheek style. It also would appear to allow differing opinions - always a good sign.....

Probably more FUD, but the ECB today launched this: https://www.ecb.europa.eu/paym/target/tips/html/index.en.html

It enables payment service providers to offer fund transfers to their customers in real time and around the clock, every day of the year. This means that thanks to TIPS, individuals and firms can transfer money between each other within seconds, irrespective of the opening hours of their local bank. It costs .2 of a cent per transaction and takes less than 10 seconds for the end to end process. It doesn’t use blockchain.

Yeah but can the value of the money go up and down in seconds like a lady of the nights knickers?

Wheres the fun in that Johnny?

JohnnyFlash

JJJJNR wrote: »

This is a much better article.

https://www.theregister.co.uk/2018/05/16/people_blockchain_and_a_decentralised_web/

Wasn’t this a site you dismissed only 20 minutes ago? It’s my understanding that this is a widely respected tech website, with articles written in a slight tongue in cheek style. It also would appear to allow differing opinions - always a good sign.....

Probably more FUD, but the ECB today launched this: https://www.ecb.europa.eu/paym/target/tips/html/index.en.html

It enables payment service providers to offer fund transfers to their customers in real time and around the clock, every day of the year. This means that thanks to TIPS, individuals and firms can transfer money between each other within seconds, irrespective of the opening hours of their local bank. It costs .2 of a cent per transaction and takes less than 10 seconds for the end to end process. It doesn’t use blockchain.

JJJJNR

This is a much better article.

https://www.theregister.co.uk/2018/05/16/people_blockchain_and_a_decentralised_web/

grindle

JohnnyFlash wrote: »

I saw this link while browsing Twitter.

https://www.theregister.co.uk/2018/11/30/blockchain_study_finds_0_per_cent_success_rate/

It’s a very good read, and written in an unashamedly snarky way. What does everyone else think? Amazon and Microsoft both have a blockchain offering in their respective clouds that allow customers to experiment with the tech without having to make a big investment. But is the wind leaving the sails of blockchain in general? When you see disrupters like Stripe and UBER say they are stopping pilots then you’d have to wonder wouldn’t you?

It's not wrong - not until the last two paragraphs anyway. I'd consider it far too early for this kind of study on adoption I guess, people expecting too much too soon just because prices went bananas. Until scaling is implemented - years away and this has been repeated ad nauseam - there are gargantuan limits to what companies can do with it.
It's why Amazon stepping into the market is such a huge boon imo - a tech giant every other company is in awe of, one whose hand they hold every day willing to baby-step them towards what they want to do or let them discover if they even want to do it that way, at a low cost with the least amount of friction.

With the hype dying and maybe dead soon it'll stop people from thinking they need some Spotify-usurper on the blockchain right now and trying out what's actually useful. Pilots can stop dead in their tracks because speed or cost aren't where those companies want them to be but they can resume on any updates that increase speed or throughput or which lower costs. Still too cumbersome? Stall the pilot. Tx/s reaching the millions in years to come? Resume the pilot. Keep stalling and resuming until you're dead certain it can reduce business costs and that it's here to stay. Yearssssss away.

One thing the article framed extremely manipulatively was Monsanto declaring AI projects would have a 95% [sic: they meant 99%] failure rate as if it meant AI was worthless. Let's put that quote in context, from the article they took the figure from and the lady who said it:

A 99% failure rate with a current slate of 50-plus deep-learning projects is acceptable because “that 1% is going to bring exponential gain,” Ms. Gupta told a crowd of enterprise IT managers gathered here at an AI industry conference.

Wow, who'd've thunk there'd be such a negative spin put to her words?

No offence Johnny, but you have a hard-on for biased journalism that feeds your own cognitive bias'. I suppose you imagine I read CoinTelegraph or CoinDesk every day but I tend to keep away from crypto-specific "news" sites because it's 99.99(9?)% ****, unfit for human consumption.
The best journalism is the type that asks endless questions and critiques every move, not the type that presumes they're right about something then bends quotes to fit an agenda so they get to pat their own back before anything they've predicted happens.

JJJJNR

It's more fake news, and lies without the report linked in the article. How can they say something is a failure without any evidence..hardly cutting edge investigative journalism.

Plus the register. Do they even have a editorial review team.

JohnnyFlash

I saw this link while browsing Twitter.

https://www.theregister.co.uk/2018/11/30/blockchain_study_finds_0_per_cent_success_rate/

It’s a very good read, and written in an unashamedly snarky way. What does everyone else think? Amazon and Microsoft both have a blockchain offering in their respective clouds that allow customers to experiment with the tech without having to make a big investment. But is the wind leaving the sails of blockchain in general? When you see disrupters like Stripe and UBER say they are stopping pilots then you’d have to wonder wouldn’t you?

JJJJNR

sabat wrote: »

So I assume this basic knowledge also predicted the current 7.61% drop today?What we have been witnessing since January is a controlled demolition job; I just find it hard to believe some people still can't accept that this was a bubble that has now burst.

It's not over yet, and yes of course, everything pointing in the right direction now. It's fairly easy to be able to read an up tick, it's the other way that's the problem. It's actually pretty cool, wouldn't like to be playing with big money though I'd say I'd have a different attitude with more than a coffee cups amount in profit. Can't imagine what it was like last year to be on that ride.

Grumpypants

sabat wrote: »

So I assume this basic knowledge also predicted the current 7.61% drop today?What we have been witnessing since January is a controlled demolition job; I just find it hard to believe some people still can't accept that this was a bubble that has now burst.

If you consider constant growth over a decade a bubble, then yes.

smacl

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sabat wrote: »

So I assume this basic knowledge also predicted the current 7.61% drop today?What we have been witnessing since January is a controlled demolition job; I just find it hard to believe some people still can't accept that this was a bubble that has now burst.

Burst in my opinion would be BTC at $100 and/or ETH about $5 without any other coins faring any better. Could still happen, but the fat lady hasn't made it to the stage quite yet and BTC in the thousands of dollars range has plenty of hot air left in it yet. Tough for those (myself included) who took a punt late last year, but I reckon there are plenty of ups and downs left and cyptocurrency is here to stay, albeit it might not be many or any of the current coins.

sabat

JJJJNR wrote: »

Basic analysis in full show anyone with basic knowledge could see an uptick was imminent.

So I assume this basic knowledge also predicted the current 7.61% drop today?What we have been witnessing since January is a controlled demolition job; I just find it hard to believe some people still can't accept that this was a bubble that has now burst.

worded

Franz Von Peppercorn wrote: »

HODLING until I’m in easy street.

Oh yeah

https://www.google.ie/amp/s/www.forbes.com/sites/matthougan/2018/04/23/bitcoin-hodling-is-the-best-strategy-with-one-big-caveat/amp/

Franz Von Peppercorn

HODLING until I’m in easy street.

[Deleted User]

JJJJNR wrote:

Go way with your pyramid scheme.

Mine is more oblong shaped.

JJJJNR

Sleeper12 wrote: »

If you believe that I'd be happy to sell you a land plot on Mars. Or one for the price of two if you want a really good deal.

Go way with your pyramid scheme.

[Deleted User]

JJJJNR wrote:

Basic analysis in full show anyone with basic knowledge could see an uptick was imminent.

If you believe that I'd be happy to sell you a land plot on Mars. Or one for the price of two if you want a really good deal.

JJJJNR

I posted it earlier in the week but decided delete

Franz Von Peppercorn

JJJJNR wrote: »

Basic analysis in full show anyone with basic knowledge could see an uptick was imminent.

You kept that to yourself.

JJJJNR

Basic analysis in full show anyone with basic knowledge could see an uptick was imminent.

Dohnjoe

JJJJNR wrote: »

inverse head and shoulders pattern has just completed with an uptrend. I think it's a good sign.

TA in crypto is horse****, not a single one that I read on a regular basis even remotely caught what just happened. Short term TA works for traders but no one can predict such an irrational market

People are only saying "it's looking good" because it's literally fallen off a cliff for 3 weeks solid

JJJJNR

Sabre0001 wrote: »

Seems to have hit some sort of bounce. People picking up coins on the cheap, people going for quick profits as other people get back on the bandwagon, or the start of a recovery? Time will tell.

Not "worried" - threw in very little and not any more than I was willing to lose. Won't be a millionaire off it, but curious to see where it goes.

inverse head and shoulders pattern has just completed with an uptrend. I think it's a good sign.

LoLth

el diablo wrote: »

Report this piece of garbage. He's only here to troll. Sounds like an extremely bitter and twisted individual.

In fairness his post was quoted and linked here so he didnt start it. however, his attitude and style of posting is not welcome here. Here's hoping there are no further posts in this vein.

JJJJNR

Franz Von Peppercorn wrote: »

Buy low, sell high. That’s the secret.

Bitcooooonnneeect

Franz Von Peppercorn

JJJJNR wrote: »

if that happens you haven't completed due diligence. It's your money at the end of the day. Need an entry and an exit strategy. Research is key don't suffer fomo.

Buy low, sell high. That’s the secret.

JJJJNR

JJJJNR wrote: »

The planet is already racing towards mass extinction because of fukushima never mind crypto ye tick.

Ah I was fooled into thinking the planet will be destroyed by those fake environmentalists and their own agendas ie. Keeping themselves in jobs, I'm sure there's a lot more money in the fake environmental industry than the cryptocurrency space.

JJJJNR

Woke Hogan wrote: »

I am the poster you are referring to.

It's bad enough this forum's greedy pro-cryptocurrency mob is poisoning the planet and sending our species racing towards the precipice of extinction but you animals actually have the temerity to race in here and besmirch my posts posted in another forum. The cryptofans in this forum is as bad as humanity has to offer. I only wish I still had my faith, so I could bear divine witness to your condemnity to Perdition.

The planet is already racing towards mass extinction because of fukushima never mind crypto ye tick.

Pintman Paddy Losty

Woke Hogan wrote: »

I am the poster you are referring to.

It's bad enough this forum's greedy pro-cryptocurrency mob is poisoning the planet and sending our species racing towards the precipice of extinction but you animals actually have the temerity to race in here and besmirch my posts posted in another forum. The cryptofans in this forum is as bad as humanity has to offer. I only wish I still had my faith, so I could bear divine witness to your condemnity to Perdition.

You're a dirty sh1te.

I dont like cryptos but would never wish suicide on someone who happened to have a different view than me.

sexmag

smacl wrote: »

it is a pretty safe bet they'd still be looking down from a considerable height at those advocating suicide for people down on their luck.

I read it,the post said he believes sales of rope and rickety stools have sky rocketed since BTC dropped,no loss.

The "no loss" part is the sinister part of it.

Anyone who might need it https://www.samaritans.org/your-community/samaritans-ireland-scotland-and-wales/samaritans-ireland
Call Freephone: 116 123

At the end of the day it's only money and not worth the loss of a life,ever!