Is anyone else starting to become a bit excited?

q85dw7osi4lebg · 02-07-2019 09:12AM

Bob24 wrote: »

Problem with the sales is you never know if you should wait for even further discount or buy now to secure the item before it’s gone ;-)

If it fits and you are going to keep the item for a long time then now is the time to go for it regardless of further reductions. IMO. :cool:

JJJJNR · 02-07-2019 03:58PM

Hey hey hey!!!!!

q85dw7osi4lebg · 02-07-2019 03:58PM

Broke my own rules yet again, big BTC purchase today. Done for now, promise.

Blueshoe · 02-07-2019 04:08PM

Addison Fancy Macrame wrote: »

Broke my own rules yet again, big BTC purchase today. Done for now, promise.

Could have been a great purchase. Time will tell.

I had a sell stop limit triggered. Turns out it was the bottom. Within 50 USD of it. Not good

q85dw7osi4lebg · 02-07-2019 05:16PM

Blueshoe wrote: »

Could have been a great purchase. Time will tell.

I had a sell stop limit triggered. Turns out it was the bottom. Within 50 USD of it. Not good

Unlucky, it happens.

Stick in a buy order for similar or just above, never know.

Going to focus on some ETH accumulation from next month onwards.

machiavellianme · 02-07-2019 08:29PM

Addison Fancy Macrame wrote: »

Unlucky, it happens.

Stick in a buy order for similar or just above, never know.

Going to focus on some ETH accumulation from next month onwards.

Why?
Eth hasn't been seeing major gains (unfortunately)

q85dw7osi4lebg · 02-07-2019 09:50PM

machiavellianme wrote: »

Why?
Eth hasn't been seeing major gains (unfortunately)

That's why really!

Also like the Buterin fella.

Pintman Paddy Losty · 02-07-2019 10:13PM

Addison Fancy Macrame wrote: »

That's why really!

Also like the Buterin fella.

He's a really weird and creepy looking guy.

q85dw7osi4lebg · 02-07-2019 10:36PM

Pintman Paddy Losty wrote: »

He's a really weird and creepy looking guy.

.

makeorbrake · 02-07-2019 10:41PM

Addison Fancy Macrame wrote: »

.

I'd sooner sit down and have a pint with Vitalik...far less creepy (and aside from the fact you'd only have to buy him the one pint).

Arrival · 02-07-2019 11:18PM

Pintman Paddy Losty wrote: »

Addison Fancy Macrame wrote: »

That's why really!

Also like the Buterin fella.

He's a really weird and creepy looking guy.

What relevance does that have to anything? You still point out people's physical appearances like this, how old are you? I thought you were probably some 50+ year old but if you still do this at that age it's quite sad if you are

Bob24 · 03-07-2019 09:30AM

Looks like $10000 might be acting as a psychological support now. Price dipped below it very briefly before a strong rebound.

Truckermal · 03-07-2019 09:40AM

Anyone in for the Binance ICO tomorrow morning? I've made a nice few bob from the last few...

vargoo · 03-07-2019 10:08AM

Bob24 wrote: »

Looks like $10000 might be acting as a psychological support now. Price dipped below it very briefly before a strong rebound.

Come out of it with that 10 15 crap.

Evd-Burner · 03-07-2019 10:27AM

Truckermal wrote: »

Anyone in for the Binance ICO tomorrow morning? I've made a nice few bob from the last few...

Tried to get in, had 2 tickets but didn’t win a spot.

JohnnyFlash · 03-07-2019 10:31AM

Bob24 wrote: »

Looks like $10000 might be acting as a psychological support now. Price dipped below it very briefly before a strong rebound.

Tether have printed 200 million dollars in the past 36 hours. That’s what’s causing the price increase. It’s actually weird that people either don’t see this, or refuse to believe it. It’s fraud on an extraordinary scale.

q85dw7osi4lebg · 03-07-2019 10:36AM

JohnnyFlash wrote: »

Tether have printed 200 million dollars in the past 36 hours. That’s what’s causing the price increase. It’s actually weird that people either don’t see this, or refuse to believe it. It’s fraud on an extraordinary scale.

It's genius. How else would we keep up with the USD and other world currencies being printed every year.

q85dw7osi4lebg · 03-07-2019 10:39AM

https://www.forbes.com/sites/ktorpey/2019/07/02/kraken-ceo-bitcoin-price-run-powered-by-real-demand-not-tether-manipulation/#2211950b5826

Yes it's Forbes but yes it's also an interesting viewpoint.

Bob24 · 03-07-2019 10:53AM

JohnnyFlash wrote: »

Tether have printed 200 million dollars in the past 36 hours. That’s what’s causing the price increase. It’s actually weird that people either don’t see this, or refuse to believe it. It’s fraud on an extraordinary scale.

I can see the inflow of Tethers alright and I also have my doubts about Tether.

Now having said that you can’t ignore the other side of the story: the CEO of Kraken recently stated that whenever the supply of Tether increases, they also tend to see a similar inflow of US dollar deposits on Kraken (meaning that real people/institutions are actually injecting real cash in the crypto space). So aside from calling him a liar, it can’t be discarded that Tether simply is a (possibly flawed) real-time and public measurement of cash flow into crypto.

Truckermal · 03-07-2019 12:01PM

Evd-Burner wrote: »

Tried to get in, had 2 tickets but didn’t win a spot.

Same here even had over 400 BNB so going to have my finger on the button at 10am tomorrow!

vargoo · 03-07-2019 04:49PM

JohnnyFlash wrote: »

Tether have printed 200 million dollars in the past 36 hours. That’s what’s causing the price increase. It’s actually weird that people either don’t see this, or refuse to believe it. It’s fraud on an extraordinary scale.

Where do you see that?

Grumpypants · 03-07-2019 04:51PM

JohnnyFlash wrote: »

Tether have printed 200 million dollars in the past 36 hours. That’s what’s causing the price increase. It’s actually weird that people either don’t see this, or refuse to believe it. It’s fraud on an extraordinary scale.

Yah it's almost like a private bank printing money and then loaning 5 times that amount to people even though it doesn't exist. But that's totally not a scam.

grindle · 03-07-2019 10:40PM

It's kind of amazing that Facebucks are getting this much attention:

https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=404009

What happens if they don't back down?

Dohnjoe · 03-07-2019 10:41PM

JohnnyFlash wrote: »

Tether have printed 200 million dollars in the past 36 hours. That’s what’s causing the price increase. It’s actually weird that people either don’t see this, or refuse to believe it. It’s fraud on an extraordinary scale.

Yup, it's what they do. What did everyone do when they found out it was only 74% backed? nothing, the market didn't implode, people just keep on "trusting" it, therefore it gets to keep it's value

And why not, it's a market resource - it's needed by the market. It's a tool. Just so happens to be a completely unregulated unaudited tool in an unregulated market, but that's the nature of crypto

Dohnjoe · 03-07-2019 10:43PM

grindle wrote: »

It's kind of amazing that Facebucks are getting this much attention:

https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=404009

What happens if they don't back down?

A corporation is making it's own "currency" - regulators all over the world unsurprisingly have an issue with this. It needs to be thoroughly examined first. If Libra breaks any rules or runs foul of them, they could shut it down pretty easily, regulators have extraordinary powers (more so post-2008 crisis)

grindle · 03-07-2019 10:51PM

Dohnjoe wrote: »

A corporation is making it's own "currency" - regulators all over the world unsurprisingly have an issue with this. It needs to be thoroughly examined first. If Libra breaks any rules or runs foul of them, they could shut it down pretty easily, regulators have extraordinary powers (more so post-2008 crisis)

Oh I know the government would go for the jugular, just wondering if any of the Libra consortium would want to die on that hill. See how far they could push it.

It's funny to think about because Libra is little different from a lot of other shítcoins, it's just another federated chain with some consortium validating transaction, but having a huge userbase preinstalled seems to be what crosses it over the line.
At what point are any of the other consortium or DPoS projects considered to be as dangerous?

Dohnjoe · 03-07-2019 11:06PM

grindle wrote: »

Oh I know the government would go for the jugular, just wondering if any of the Libra consortium would want to die on that hill. See how far they could push it.

It's funny to think about because Libra is little different from a lot of other shítcoins, it's just another federated chain with some consortium validating transaction, but having a huge userbase preinstalled seems to be what crosses it over the line.
At what point are any of the other consortium or DPoS projects considered to be as dangerous?

Yup, it's really to do with scale and public risk. If a serious amount of people start using this FB money (which is possible considering the large base) and FB go into default, then there is the risk of massive public exposure to a rapidly depreciating token. FB will need to prove it's rock solid and chock full of recourse to the powers-that-be

At the moment most cryptos are unsuitable as currencies, and the stable-coins that are suitable aren't really being taken up by the public/business, so the regulators aren't as concerned about them. Obviously if one does start to take off, it will be put under the same microscope

q85dw7osi4lebg · 04-07-2019 01:02AM

Aaannndddd back to $12k

Evd-Burner · 04-07-2019 09:58AM

Truckermal wrote: »

Same here even had over 400 BNB so going to have my finger on the button at 10am tomorrow!

How much will you buy?

Dohnjoe · 04-07-2019 10:39AM

Grumpypants wrote: »

Yah it's almost like a private bank printing money and then loaning 5 times that amount to people even though it doesn't exist. But that's totally not a scam.

It isn't a scam, it's fractional reserve banking, has been around for hundreds of years, and the world as you know it pretty much wouldn't exist without it. Money creation is critical to the economy and your standard of living. We know how it works and it's heavily regulated and moderated.

On the flipside we have unregulated unaudited private company Tether stating they had 1 for 1, when they didn't. That's something completely and utterly different.

Is anyone else starting to become a bit excited?

Comments