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

Dohnjoe · 05-12-2018 02:30AM

Eric Cartman wrote: »

So just to ask, my reservations have always been the exit strategy, it seems like every crypto lets you throw as much money in as possible but is there any crypto with a really quick large money exit, like 1 million euro from crypto to my bank account for less than 5% fees in 48 hours ?

It wouldn't be advisable to sell it all at once, but the 24 hour volumes should give a clue

https://coinmarketcap.com/all/views/all/#USD

Most people would convert X coins or tokens to BTC or Eth, sensibly, and then if liquidating a large amount (e.g. over 100k) a financial advisor is often recommended for tax reasons/influx of cash to bank, etc

I spoke to financial advisors in Jan this year who said they had a lot of clients liquidating large amounts of crypto

TallyRand · 05-12-2018 10:12AM

makeorbrake wrote: »

It's no 'scam'. Here we go again...'scam', 'ponzi', 'pyramid'.

If you lose money because of your own conscious decisions, that's your own responsibility. Maybe it's a millennial thing but you speculate and you may win or lose. You can't go crying 'scam', 'ponzi' or 'pyramid' after the fact.

A 'scam' would be a 'dishonest scheme'. Someone has to run a scheme - so who is the culprit?

last year
13/12/2017 13:02
Avatar for makeorbrake
makeorbrake
Registered User
“Thanks all. At the back of my mind, I thought I had come across those concerns. Read so much about crypto, some of it doesn't always stay in the memory bank.

It's a shame there isn't a token/coin that could be used as a stability safe haven - without having to cash out into FIAT - which could be used at times when folks felt it necessary.

@Col. Jessup: Thanks for that link. However, whatever about flaws being exposed in a crypto that has at least been around for a while, I would be very nervous of using something straight out of the blocks. White papers can be presented and look pretty - but the reality for many crypto's is that once tested, they don't stand up. The vast majority are also simply just scams. I hope that one gets road tested and it ends up doing what it says on the tin”

All the above is a post by you 12 months ago, “the vast majority are also simply just scams”

You need to answer some of your own questions it seems

rapul · 05-12-2018 11:04AM

Sad Tallyrand, what has this thread turned into, people actually going out of there way to go through someone else's posts to prove there almighty opinion is correct

sexmag · 05-12-2018 11:04AM

TallyRand wrote: »

last year
13/12/2017 13:02
Avatar for makeorbrake
makeorbrake
Registered User
“Thanks all. At the back of my mind, I thought I had come across those concerns. Read so much about crypto, some of it doesn't always stay in the memory bank.

It's a shame there isn't a token/coin that could be used as a stability safe haven - without having to cash out into FIAT - which could be used at times when folks felt it necessary.

@Col. Jessup: Thanks for that link. However, whatever about flaws being exposed in a crypto that has at least been around for a while, I would be very nervous of using something straight out of the blocks. White papers can be presented and look pretty - but the reality for many crypto's is that once tested, they don't stand up. The vast majority are also simply just scams. I hope that one gets road tested and it ends up doing what it says on the tin”

All the above is a post by you 12 months ago, “the vast majority are also simply just scams”

You need to answer some of your own questions it seems

You need to reread what he wrote.

He didn't say there wasn't scams,he said there are surrounding crypto,a lot of bad people tried to capitalise and screw people but you cant paint them all with the same brush,is what he has said.

Makeorbrake has been one of the most consistent and reasonable crypto enthusiast in this forum,he calls it like it is

Grumpypants · 05-12-2018 11:10AM

Singularitynet guy was on Joe Rogan yesterday talking about AI and Crypto. Only got through an hour or so last night before i drifted off but he is super weird/smart :pac:

makeorbrake · 05-12-2018 11:38AM

TallyRand wrote: »

You need to answer some of your own questions it seems

Well, this is interesting. Am I under investigation?

Do I need to answer some of my own questions? All day, everyday. I don't apologize for that.

So, lets set some context, dude. Firstly, this is a 'discussion forum' and in a discussion forum, people tend to discuss in order to reach a better understanding. Unfortunately - here more than elsewhere it would seem - 'conversations' seem to get polarized. I have no issue in clarifying this but you'd have to wonder in what context you ended up unearthing a post of mine from a few days shy of 12 months ago.
There is a guy who's still active on this thread - who, some six or so months ago went trawling through my previous posts - and started making accusations based on things unrelated to crypto entirely (stuff I had posted in other sections of boards.ie), someone who shares your anti-crypto mindset. You would have to wonder about the rationale behind such a move, the intent behind it. However, I know in your case that it was simply a case of diligence, right? :P

The discussion at that time was about Tether. I have been pretty consistent on my view on Tether from start to finish - apparently as you would have seen if you've just read through my posts over the last year. There are serious question marks hanging over Tether over the past 12 months and the company have failed to act to clear up that controversy.

makeorbrake wrote:

but the reality for many crypto's is that once tested, they don't stand up.

Just so that there is no confusion, what I mean't by this is that most cryptos back then - and even now - have not had the road testing that Bitcoin has had. Over the years, Bitcoin faced multiple brick walls albeit that it overcame most of them. It currently has a couple to overcome.

makeorbrake wrote:

The vast majority are also simply just scams. I hope that one gets road tested and it ends up doing what it says on the tin

Young projects that have little more than a whitepaper and no other skin in the game - of which there were many of coming into December 2017 - had not proven themselves.
If you are reviewing all my posts, you'll know that more recently I also said that there were scams surrounding crypto but that these don't define the cryptocurrency industry.

Are there bad actors in the industry? Definitely.

Can someone perpetrate a scam in the guise of a whitepaper? For sure.

However, as a proportion of all projects - when viewed through the metric of market capitalization - we're talking about a percentile of projects. I have already stated many times that the vast majority of those smaller projects which are going no-where will fade away.

Back on point with the most recent discussion (although if you'd like to trawl through posts of mine from further back - have at it).....

The point of discussion turned on the fact that you - and a few others here - have consistently argued that cryptocurrency as a whole is a 'scam', a 'ponzi scheme' and/or a 'pyramid scheme'. Furthermore, some people in the banking industry or government (the most recent coming this very week from a former Israeli PM) have been consistently using these terms with a view towards sullying crypto. It's bad minded and it comes from a prejudicial viewpoint.

There were and are many frauds perpetrated in the conventional stock investing world (Jordan Belfort anyone?). However, I don't see you and these other guys declaring that the entire stock market industry is a scam?? The same argument stands when it comes to people saying that crypto is used for criminality (I'm sure there is a level of criminality in terms of crypto usage). However, you never hear these same people say a word when it comes to things like this - where HSBC paid $2 Billion in fines yet not a single person spent a day in prison.

In summary, I stand over my post on this forum on the 13th December 2017 and my discussion of this subject more recently. However, I'm quite happy to be wrong. If - your 'investigation' throws up any other questions, feel free to post them here. Discussion on message boards down through the years has informed me and has often led to me changing my opinion or the forming of my opinion on a subject. It's for that reason, I always welcome the contrarian view - and have done so consistently here. However, you would wonder about some contributions here and the motivations behind them.

grindle · 05-12-2018 02:09PM

rapul wrote: »

Sad Tallyrand, what has this thread turned into, people actually going out of there way to go through someone else's posts to prove there almighty opinion is correct

Sadder if they don't come back with "Oops, can't read properly - my mistake!" because they certainly haven't proven their point correct.

Maybe acknowledging their mistake would be a scam, just like everything ever traded has been a scam. Stones, seashells, spices, gold, property of any kind ever considered valuable and sold for profit? Oh yeah, of course - all a scam! If one person profits from a trade and the other merely owns what they've paid for, sher isn't that a scam?

Imagine all the actual scams that could be found if these people bothered to go looking for them. Ah well, easier to lump it all together, refuse to form coherent arguments and regurgitate whatever points they think they've made while ignoring any valid points.

"It's a bubble man, it's gone, goodbye, sayonara, ciao, etc etc..."

:rolleyes:

Tinder Surprise · 05-12-2018 02:18PM

grindle wrote: »

"It's a bubble man, it's gone, goodbye, sayonara, ciao, etc etc..."

:rolleyes:

I've $1000 annoying me and burning a hole in my disposable income wallet that I would like to blow on the next bubble

all advice welcome

sexmag · 05-12-2018 02:50PM

Tinder Surprise wrote: »

I've $1000 annoying me and burning a hole in my disposable income wallet that I would like to blow on the next bubble

all advice welcome

If you want to invest in bubbles try glow in the dark ones, they're super fun

JJJJNR · 05-12-2018 04:19PM

Retests on eth in the last week have gone from 91, 90, 92, 93 retesting 93.xx a good few times which is creating a nice bit of concavity on the charts.

Interesting looking couple of weeks ahead.

Tinder Surprise · 05-12-2018 04:37PM

JJJJNR wrote: »

Retests on eth in the last week have gone from 91, 90, 92, 93 retesting 93.xx a good few times which is creating a nice bit of concavity on the charts.

Interesting looking couple of weeks ahead.

You have to go back as far as May'17 to find ETH at current levels.

Whats your gut telling you?

Dohnjoe · 05-12-2018 04:47PM

Tinder Surprise wrote: »

You have to go back as far as May'17 to find ETH at current levels.

Whats your gut telling you?

I've good long term confidence in Eth, don't know how that will translate into market price in current climate though

There is a lot of flux at the moment, market has taken a severe dive within a bear, ICOs are apparently dumping Eth to fund themselves/survive

Between Jan and June next year, fingers crossed we'll see some solutions for scaling and other developments that should improve Eth and restore confidence in it (still are several outstanding issues)

Again, usual disclaimer, it could all go to nothing, but I "feel" good long term on Eth. That said I have next to no idea how long this "long term" will be, last one was nearly 3 years

TA in crypto for anything beyond a week is a joke

smacl · 05-12-2018 05:06PM

Dohnjoe wrote: »

I've good long term confidence in Eth, don't know how that will translate into market price in current climate though

Very much the same, but my gut feeling is that it will go down further before it goes up. Past few months the pattern seems to have been periods of relative stability followed by significant drops to new stable period at a lower level. I'm planning to buy into ETH again at some point but I'm waiting to see a change in this pattern even if I do miss out on the low point. Standard caveat applies, so please treat this as no more than idle speculation and not advice.

Tinder Surprise · 05-12-2018 05:10PM

not gonna lie...been out of the scene for months now

aint there a ETH 2.0 announced or major update soon?

JJJJNR · 05-12-2018 06:04PM

Eth just got dumped...

Dohnjoe · 05-12-2018 06:15PM

Yup, unsurprising. Another 15 or 20% and I'll be interesting in possibly buying more

JohnnyFlash · 05-12-2018 06:35PM

When are the latest Bitmain figures due to be released? Heavy losses there could trigger a massive sell off. If they want to pivot into creating dedicated chips for ML and AI then they will need to liquidate their crypto holdings to remain solvent before their IPO.

JJJJNR · 05-12-2018 08:26PM

https://ambcrypto.com/ethereum-eth-usd-technical-analysis-bull-closes-in-on-the-bear

JJJJNR · 05-12-2018 08:34PM

Tinder Surprise wrote: »

You have to go back as far as May'17 to find ETH at current levels.

Whats your gut telling you?

Pizza!

TallyRand · 05-12-2018 08:58PM

rapul wrote: »

Sad Tallyrand, what has this thread turned into, people actually going out of there way to go through someone else's posts to prove there almighty opinion is correct

I actually came across that post from makeorbrake looking for something else in this forum scam related, didn’t seek it out. So didn’t go out of my way.........

But it’s gas because someone in the hive blockchain thread DID intentionally go out if their way to look through my post history to my very first post ever to try and nail me and yet that didn’t warrant any commentary from anyone here who finds my post sad. Could have done with support lads but I’m sure I’ll survive

Either way, shouldn’t it be play the ball not the man? It’s very different language now from 12 months ago

JohnnyFlash · 05-12-2018 10:58PM

It’s like lads arguing over the parking ticket on the windscreen when all the tyres have been stolen.

makeorbrake · 05-12-2018 11:08PM

TallyRand wrote: »

It’s very different language now from 12 months ago

It's not different at all as has been explained to you but it seems you want to interpret it the way that suits your world view. I was the one that wrote those comments then and these comments now. I think I would know my own intention...

(the after hours styled comment from that other guy - ignored).

TallyRand · 06-12-2018 12:22AM

makeorbrake wrote: »

Well, this is interesting. Am I under investigation?

Do I need to answer some of my own questions? All day, everyday. I don't apologize for that.

So, lets set some context, dude. Firstly, this is a 'discussion forum' and in a discussion forum, people tend to discuss in order to reach a better understanding. Unfortunately - here more than elsewhere it would seem - 'conversations' seem to get polarized. I have no issue in clarifying this but you'd have to wonder in what context you ended up unearthing a post of mine from a few days shy of 12 months ago.
There is a guy who's still active on this thread - who, some six or so months ago went trawling through my previous posts - and started making accusations based on things unrelated to crypto entirely (stuff I had posted in other sections of boards.ie), someone who shares your anti-crypto mindset. You would have to wonder about the rationale behind such a move, the intent behind it. However, I know in your case that it was simply a case of diligence, right? :P

The discussion at that time was about Tether. I have been pretty consistent on my view on Tether from start to finish - apparently as you would have seen if you've just read through my posts over the last year. There are serious question marks hanging over Tether over the past 12 months and the company have failed to act to clear up that controversy.

Just so that there is no confusion, what I mean't by this is that most cryptos back then - and even now - have not had the road testing that Bitcoin has had. Over the years, Bitcoin faced multiple brick walls albeit that it overcame most of them. It currently has a couple to overcome.

Young projects that have little more than a whitepaper and no other skin in the game - of which there were many of coming into December 2017 - had not proven themselves.
If you are reviewing all my posts, you'll know that more recently I also said that there were scams surrounding crypto but that these don't define the cryptocurrency industry.

Are there bad actors in the industry? Definitely.

Can someone perpetrate a scam in the guise of a whitepaper? For sure.

However, as a proportion of all projects - when viewed through the metric of market capitalization - we're talking about a percentile of projects. I have already stated many times that the vast majority of those smaller projects which are going no-where will fade away.

Back on point with the most recent discussion (although if you'd like to trawl through posts of mine from further back - have at it).....

The point of discussion turned on the fact that you - and a few others here - have consistently argued that cryptocurrency as a whole is a 'scam', a 'ponzi scheme' and/or a 'pyramid scheme'. Furthermore, some people in the banking industry or government (the most recent coming this very week from a former Israeli PM) have been consistently using these terms with a view towards sullying crypto. It's bad minded and it comes from a prejudicial viewpoint.

There were and are many frauds perpetrated in the conventional stock investing world (Jordan Belfort anyone?). However, I don't see you and these other guys declaring that the entire stock market industry is a scam?? The same argument stands when it comes to people saying that crypto is used for criminality (I'm sure there is a level of criminality in terms of crypto usage). However, you never hear these same people say a word when it comes to things like this - where HSBC paid $2 Billion in fines yet not a single person spent a day in prison.

In summary, I stand over my post on this forum on the 13th December 2017 and my discussion of this subject more recently. However, I'm quite happy to be wrong. If - your 'investigation' throws up any other questions, feel free to post them here. Discussion on message boards down through the years has informed me and has often led to me changing my opinion or the forming of my opinion on a subject. It's for that reason, I always welcome the contrarian view - and have done so consistently here. However, you would wonder about some contributions here and the motivations behind them.

When did I say all crypto is a scam? I said it’s got scams left, right and centre, and if you read the full back and forth between us I have quoted then you see we actually agree.

We both actually agree that there are a load of scams out there in sh1tty white papers Mickey Mouse coins, we only seem to differ over the language to articulate that point I think

makeorbrake · 06-12-2018 01:02AM

TallyRand wrote: »

When did I say all crypto is a scam? I said it’s got scams left, right and centre, and if you read the full back and forth between us I have quoted then you see we actually agree.

We both actually agree that there are a load of scams out there in sh1tty white papers Mickey Mouse coins, we only seem to differ over the language to articulate that point I think

Ok, we'll see. Here you go => www.coinmarketcap.com

As an expert on this, please go down the list and let us know which project is a scam with them sorted in order of market capitalisation - large to small.

Tallyrand wrote:

Most people think the whole thing is a scam, I don’t remember that attitude prevalent in the early internet days

So YOU don't think that the 'whole thing' is a scam, then? I didn't quite see that clarification.

Tallyrand wrote:

Bitcoin is crypto, perception is reality.

So if 'bitcoin is crypto' and you are confirming to us right now that Bitcoin is not a scam, ergo crypto as a whole is not a scam, right?

Tallyrand wrote:

It’s scam city in crypto, more scams than “not scams”

So which is it? Is all of crypto a scam or not?

Theres a total market cap. of 120 billion in crypto right now. What percentage of that is accounted for by 'scams'?

Many times I made the distinction that there were projects out there that were vapourware at the embryonic stage. In this discussion, I made the distinction that those projects don't define crypto. You say we were in agreement but I didn't see you come back and say that. It still doesn't seem to correlate with some of your comments above...

TallyRand · 06-12-2018 01:11AM

makeorbrake wrote: »

Ok, we'll see. Here you go => www.coinmarketcap.com

As an expert on this, please go down the list and let us know which project is a scam with them sorted in order of market capitalisation - large to small.

So YOU don't think that the 'whole thing' is a scam, then? I didn't quite see that clarification.

So if 'bitcoin is crypto' and you are confirming to us right now that Bitcoin is not a scam, ergo crypto as a whole is not a scam, right?

So which is it? Is all of crypto a scam or not?

Theres a total market cap. of 120 billion in crypto right now. What percentage of that is accounted for by 'scams'?

Sweet suffering jesus, you have been totally caught out saying loads of scams then “what scams, I don’t see any scams” now trying to twist my words to gain a score

Let’s go, first point - I’m not an expert so can’t pick the list, you seem more sure so please by all means?

2nd) “MOST people think it’s a scam” I don’t need to qualify or clarify for you but I think that it’s quite clear I mean most people as in people on the street who have no time or inclination for crypto

3) ergo all you like, to most people the perception is bitcoin is reality. Do you actually not realize that? Come down from your crypto tower and take a breath

4) what do you mean which is it? When quoting me saying it’s more scams than “not” scams (ergo mostly scams) when I have ever flip flopped like your good self “there is no scams” to “most are scams”

Black and white, ergo or try twist all you like. But I rest my case

makeorbrake · 06-12-2018 01:23AM

TallyRand wrote: »

Sweet suffering jesus, you have been totally caught out saying loads of scams then “what scams, I don’t see any scams” now trying to twist my words to gain a score

And I'll remind you again, it's a discussion we're having here. I've been 'totally caught out' with nothing. The whole point of this discussion is that there are people going around saying that cryto is a scam and that's not accurate. It's plain wrong.

TallyRand wrote: »

Let’s go, first point - I’m not an expert so can’t pick the list, you seem more sure so please by all means?

Well are any in the top 20 scams as by market cap, that accounts for the vast majority of the crypto industry right now? It's a pretty important distinction as otherwise we have guys going round saying the whole industry is a scam - when thats not the truth. (why point to me for the answer this is your belief - presumably its based on ...something?).

TallyRand wrote: »

2nd) “MOST people think it’s a scam” I don’t need to qualify or clarify for you but I think that it’s quite clear I mean most people as in people on the street who have no time or inclination for crypto

Yes, you very much do! I'll do it for you shall I? Even though we didn't see a clarification of it in that post, you have told us that you don't believe the more significant coins are scams. Tell me i'm wrong. Therefore, it is plain wrong for anyone to go running around saying the industry as a whole is a scam.

TallyRand wrote: »

3) ergo all you like, to most people the perception is bitcoin is reality. Do you actually not realize that? Come down from your crypto tower and take a breath

Totally disingenous. If Bitcoin accounts for the bulk of crypto (which you said - and which you say most people believe too), then its clear that the cryptocurrency industry is not a scam.

TallyRand wrote: »

what do you mean which is it? When quoting me saying it’s more scams than “not” scams (ergo mostly scams) when I have ever flip flopped like your good self “there is no scams” to “most are scams”

That's right - deflect and don't answer and turn it back on me.
Those 'projects' I was referring to at that time - had a whitepaper and little else. They don't account for jack when it comes to percentage of market cap.

You are being disingenuous. It all boils down to this...

Do you still maintain that the cryptocurrency industry is a scam or is it a legitimate industry in it's own right?

Yes or no.

unkel · 06-12-2018 02:48AM

Last winter I heated my house for free and I made a nice profit mining ETH

This winter, all my hardware has been paid for. I'm currently making zero profits mining ETH, in fact it is costing me money to mine. But to describe it differently, I am heating my house cheaply

#notsoworried

worded · 06-12-2018 07:34AM

unkel wrote: »

Last winter I heated my house for free and I made a nice profit mining ETH

This winter, all my hardware has been paid for. I'm currently making zero profits mining ETH, in fact it is costing me money to mine. But to describe it differently, I am heating my house cheaply

#notsoworried

Tell that to the polar bears drowning from lack of ice though.

Crypto doesn’t seem to have green credentials though does it ?

smacl · 06-12-2018 08:11AM

worded wrote: »

Tell that to the polar bears drowning from lack of ice though.

You might want to explain how a guy running miners, from power he generates himself, to bring his house to temperature he would have it at regardless of whether he was mining, is negatively affecting the polar ice caps?

grindle · 06-12-2018 09:25AM

JohnnyFlash wrote: »

It’s like lads arguing over the parking ticket on the windscreen when all the tyres have been stolen.

More like lads arguing over whether or not Bugatti's ever existed in the first place just because normal cars outnumber them vastly.

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

Comments