Is anyone else starting to become a bit excited?

makeorbrake · 23-05-2019 05:07AM

26000 Elephants wrote: »

The exchanges are the ones taking your money now, instead of the opportunistic ICO promoters, largely due to increased regulatory scrutiny. Exchanges can more tightly define the terms of the scam er... IEO to better circumvent securities law. None of these projects have a viable usecase, but rely on hype, lack of understanding, boiler rooms(discord/telegram) and threads like this to fuel a pump. Exchanges are there at every point along the transaction, hoovering up the capital of the greedy.

But then that seems to be the fun of it. Just as long as you don't take it seriously.

I wouldn't necessarily say that none of them have a use case. There have been some - although plenty of rubbish too. However, this may be a stepping stone towards a more sustainable approach to project fundraising. We'll have to see.

el diablo · 23-05-2019 05:31AM

Mucky_Tackies wrote: »

Can you let me know its name and the exchange I might purchase it on pls, thx?

Harmony. Binance Launchpad. Be careful though. Don't gamble with more than you can afford to lose.

Truckermal · 23-05-2019 06:17AM

If anyone is looking for a solid investment you can't go wrong with BNB coin.

KilOit · 23-05-2019 07:22AM

Truckermal wrote: »

If anyone is looking for a solid investment you can't go wrong with BNB coin.

I got that coin under a dollar, no way I'd invest in it when it's inflated with the ico's on binance

Truckermal · 23-05-2019 07:49AM

KilOit wrote: »

I got that coin under a dollar, no way I'd invest in it when it's inflated with the ico's on binance

Wow that's a nice profit but it's climbing nicely all the time!

KilOit · 23-05-2019 07:56AM

Truckermal wrote: »

Wow that's a nice profit but it's climbing nicely all the time!

Hah your assuming I didn't sell it all.

Truckermal · 23-05-2019 08:09AM

]

KilOit wrote: »

Hah your assuming I didn't sell it all.

I hope you didn't!

SteelyDanJalapeno · 23-05-2019 09:11AM

Addison Fancy Macrame wrote: »

BTC doesn't close ...

That said, we are up over 2 grand on the monthly.

I'm sure you know what I meant, every day ends, we've been red at that point for 3 days in a row, however last time we saw that bulls fought back with a 10% rally

KilOit · 23-05-2019 09:50AM

Truckermal wrote: »

]

I hope you didn't!

As a previous poster said, his friends that day traded are less
Well off than if they just bought and held. I bought bnb by the 100's to trade for **** coins when binance started up.

26000 Elephants · 23-05-2019 11:37AM

makeorbrake wrote: »

I wouldn't necessarily say that none of them have a use case. There have been some - although plenty of rubbish too. However, this may be a stepping stone towards a more sustainable approach to project fundraising. We'll have to see.

There are already well established ways of project fundraising: however they usually involve expert review and due diligence which roots out the dead donkeys. ICO's/IEO's neatly side step this phase and present 'white papers' of unintelligible bafflegab to unsophisticated investors who are looking for 'sustainable' 4-figure gains in a largely unregulated space.

As long as you keep that thought in focus, and abandon any pretense that this is some precursor to future fintech trends then you will be fine.

makeorbrake · 23-05-2019 11:58AM

26000 Elephants wrote: »

As long as you keep that thought in focus, and abandon any pretense that this is some precursor to future fintech trends then you will be fine.

I guess some regulation makes sense and some..not so much. Making investment available globally without restriction and without exclusion on the accredited investor basis is progressive. No doubt a dodge on certain other regulatory features is not such a benefit for stakeholders..

JohnnyFlash · 23-05-2019 12:25PM

makeorbrake wrote: »

I guess some regulation makes sense and some..not so much. Making investment available globally without restriction and without exclusion on the accredited investor basis is progressive. No doubt a dodge on certain other regulatory features is not such a benefit for stakeholders..

So regulations that benefit/protect the canny crypto investor, but no regulations that impede their ability to buy shïtcoins?

Ethereum has one compelling use case; it made it ridiculously easy for conmen to launch ponzi schemes and other criminal financial ‘instruments’.

makeorbrake · 23-05-2019 12:46PM

The troll will not be fed.

rapul · 23-05-2019 12:47PM

I know, he chooses his moments doesn't he. Your some negative chap Johnny, I'm up loads of money by the way since I started stocking up, if you had done the same when u started posting here you'd be well off aswell Johnny but keep on hating holmes! ðŸ˜‰

Arrival · 23-05-2019 01:17PM

rapul wrote: »

I know, he chooses his moments doesn't he. Your some negative chap Johnny, I'm up loads of money by the way since I started stocking up, if you had done the same when u started posting here you'd be well off aswell Johnny but keep on hating holmes! ðŸ˜‰

For him to be up loads of money he'd actually have to do research, but he enjoys just shouting things down like an old man, hoping they fail so he can seem right on internet forums instead. There are loads of people online like this, for some reason they just have some kind of personal gripe with cryptocurrencies and dedicate their time to FUDing it? Either put some money in or go away and spend your time learning about something else that interests you. Like it's okay to not believe the technology is going anywhere but leave it at that, why repeatedly try to change the opinions of people who are actually making money from that technology...actually feel sad for them honestly

q85dw7osi4lebg · 23-05-2019 01:36PM

I think Johnny could still be convinced.

Dohnjoe · 23-05-2019 02:30PM

If someone is so certain that BTC is going to zero they can short the market, it's not hard. If that's not being done then there is little conviction behind the rhetoric.

On the other hand the posters who are backing values going up are literally putting their money where their mouth is

26000 Elephants · 23-05-2019 03:01PM

Dohnjoe wrote: »

If someone is so certain that BTC is going to zero they can short the market, it's not hard. If that's not being done then there is little conviction behind the rhetoric.

On the other hand the posters who are backing values going up are literally putting their money where their mouth is

As long as Tether exists, BTC will never go to zero, In real terms, its worthless, but as the market has now accepted USDT as a defacto hedge it can be manipulated at will by exchanges to squeeze you whether you go short or long. 90% of rallies and crashes are nothing more than this - see the long string of high value bets get liquidated on the way up and the way down.

Same goes for ETH: the ICO boom literally became its unique selling point. As long as token schemes can come up with plausible wheezes for the unwary, there will be demand for it. But a real world use case? Come on. Dont be stupid.

Dohnjoe · 23-05-2019 03:30PM

26000 Elephants wrote: »

As long as Tether exists, BTC will never go to zero, In real terms, its worthless, but as the market has now accepted USDT as a defacto hedge it can be manipulated at will by exchanges to squeeze you whether you go short or long. 90% of rallies and crashes are nothing more than this - see the long string of high value bets get liquidated on the way up and the way down.

According to you. According to others in these threads "BTC is going to zero". More common during the bear, that sentiment has mysteriously dried up as the market has reversed somewhat since last year.

I am very cynical about most crypto, but I believe it's value will rise (for many reasons) therefore I am putting money into it, and so far that's been quite successful for me

If I was convinced it was going to go the opposite direction, then I'd short it

tcawley29 · 23-05-2019 06:02PM

26000 Elephants wrote: »

Hows your investment doing?

Pretty good actually thanks for asking

grindle · 23-05-2019 07:09PM

26000 Elephants wrote: »

Same goes for ETH: the ICO boom literally became its unique selling point. As long as token schemes can come up with plausible wheezes for the unwary, there will be demand for it. But a real world use case? Come on. Dont be stupid.

Why are Deloitte and E&Y so bullish on it then? Why are a majority of senior executives for companies with tens and hundreds of millions in revenue so bullish on the tech?

Why has the E&Y blockchain lead said that private transactions would be cheaper on the Ethereum mainnet vs their traditional process by Christmas?

Why has the CEO of TUI Group said their entire business process would revolve around Ethereum mainnet in the future?

How do you - a man who has no notion what he's on about - know better than captains of industry? What is it that you know that they aren't grasping?

Deub · 23-05-2019 07:38PM

grindle wrote: »

Why are Deloitte and E&Y so bullish on it then? Why are a majority of senior executives for companies with tens and hundreds of millions in revenue so bullish on the tech?

Why has the E&Y blockchain lead said that private transactions would be cheaper on the Ethereum mainnet vs their traditional process by Christmas?

Why has the CEO of TUI Group said their entire business process would revolve around Ethereum mainnet in the future?

How do you - a man who has no notion what he's on about - know better than captains of industry? What is it that you know that they aren't grasping?

To be honest, I am wary of what these captains of industry say. They say what benefit them. Before the 2008 crash, the vast majority (if not all) said everything was fine when they knew otherwise. So I read what they say but don't assume it is the truth.

grindle · 23-05-2019 07:53PM

Deub wrote: »

To be honest, I am wary of what these captains of industry say. They say what benefit them. Before the 2008 crash, the vast majority (if not all) said everything was fine when they knew otherwise. So I read what they say but don't assume it is the truth.

Fine to be wary, but 26kElephants is implying people who do read up on these things are stupid, likely (seemingly anyway) without knowing anything about what Ethereum is or what it aims to do. He seems to believe it's as complex as BinanceChain, just a protocol to launch ICOs, nothing more.

Anybody with their eyes open knew 2008 would happen, we just didn't know when. 2006 on seemed like a turnpoint to my mind, things were obscene, everybody was so "Yaw yaw yaw" arrogant and everybody would get to flip their house for a healthy profit (hmm, greater fool...something sounds familiar here).
The timebomb was always going to blow, we were never going to be capable of earning enough to pay the ever-growing mountain back without some horrific collapse. Which wasn't horrific enough btw, being kept afloat by US and EU fiat(-Tether) printing.

Blueshoe · 23-05-2019 07:54PM

grindle wrote: »

Fine to be wary, but 26kElephants is implying people who do read up on these things are stupid, likely (seemingly anyway) without knowing anything about what Ethereum is or what it aims to do. He seems to believe it's as complex as BinanceChain, just a protocol to launch ICOs, nothing more.

Anybody with their eyes open knew 2008 would happen, we just didn't know when. 2006 on seemed like a turnpoint to my mind, things were obscene, everybody was so "Yaw yaw yaw" arrogant and everybody would get to flip their house for a healthy profit (hmm, greater fool...something sounds familiar here).
The timebomb was always going to blow, we were never going to be capable of earning enough to pay the ever-growing mountain back without some horrific collapse. Which wasn't horrific enough btw, being kept afloat by US and EU fiat(-Tether) printing.

Markets are cyclical. Bust always follows boom. Like death it's inevitable

Dohnjoe · 23-05-2019 09:41PM

Deub wrote: »

To be honest, I am wary of what these captains of industry say. They say what benefit them. Before the 2008 crash, the vast majority (if not all) said everything was fine when they knew otherwise. So I read what they say but don't assume it is the truth.

These people don't take decisions lightly. Experimental new issues (bonds via blockchain settlement) have been done via Ethereum. JPM's banking network development (involving 200 banks) is done on a fork of Ethereum. Australia's largest bank has been developing a trade/shipping/tracking platform with Eth, Soc Gen issued a "security token-like" bond with Eth ($112 mm worth) - there are many financial and industry players using Eth either in development, testing, internal or external partnerships

Just because a wave of crappy crypto start-ups have used it doesn't mean there's anything fundamentally wrong with the platform - that's just a guilt by association fallacy

26000 Elephants · 23-05-2019 11:40PM

grindle wrote: »

Why are Deloitte and E&Y so bullish on it then? Why are a majority of senior executives for companies with tens and hundreds of millions in revenue so bullish on the tech?

Why has the E&Y blockchain lead said that private transactions would be cheaper on the Ethereum mainnet vs their traditional process by Christmas?

Why has the CEO of TUI Group said their entire business process would revolve around Ethereum mainnet in the future?

How do you - a man who has no notion what he's on about - know better than captains of industry? What is it that you know that they aren't grasping?

Bitcoin was going to be the disruptor, right? "Be Your Own Bank"?

Yet you are quoting a fluff piece by the Chief Propagandists of the Evil Banksters to make a point? Jayzis, bitcoin, what has happened to you?

:)

All joking aside, there is absolutely nothing concrete in that pamphlet. Vague statements attached to isolated stats. 90% of respondents think blockchain will help with "data validation"??? HOW? And the only use 'blockchain' actually has - Time Stamping - attracts one of the lowest responses. I'd take Deloittes own advice at the end of that piece - Dont base any business decisions on this.

Other gems: Majority feel "private" blockchains are the future. Correct me if im wrong, but isnt a "private blockchain" a..... database?

And what has anything in that report got to do with tokens or even bitcoin for that matter? How are you jumping the yawning gap between investing in your tokens and capitalising on all this "mass adoption of blockchain tech"? They seem pretty disjointed.

q85dw7osi4lebg · 23-05-2019 11:42PM

Bouncing nicely between 7500-8100

Buying most of the dips.

26000 Elephants · 23-05-2019 11:52PM

grindle wrote: »

Fine to be wary, but 26kElephants is implying people who do read up on these things are stupid,

Thats not correct

likely (seemingly anyway) without knowing anything about what Ethereum is or what it aims to do.

Absolutely correct. Im in Bitcoin since 2014, and I can honestly say, hand on heart, that I have no ideal how Ethereum works, or what its supposed to do beyond some vague, fuzzy notion that it involves burning "gas" and "smart contracts" which have proved to be anything but smart in practice.

He seems to believe it's as complex as BinanceChain, just a protocol to launch ICOs, nothing more.

No argument there either, you have summarised it pretty well.

rapul · 24-05-2019 08:37AM

If you have no idea how ethereum works then don't comment on it or maybe read up and them comment? What's wrong with folks, jumping on the negative band wagon before even understanding what they are talking about.

manu2009 · 24-05-2019 09:58AM

rapul wrote: »

If you have no idea how ethereum works then don't comment on it or maybe read up and them comment? What's wrong with folks, jumping on the negative band wagon before even understanding what they are talking about.

Exactly, even though their was a bear market last year it was probably one of the best years in terms of ETH development.

Theirs now over $500m worth of ETH locked up in Dapps for lending, dex's, derivatives and payment services platforms, see https://defipulse.com.

Some examples, you can lend or borrow your crypto using Compound.finance, in most cases earning much more interest than traditional banks, you can do margin trading using Nuo.network and you can pool yours funds to earn trading fees on Uniswap all in a decentralised nature.

The DEFI movement is a game changer and only getting stronger.

Is anyone else starting to become a bit excited?

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