Is anyone else starting to become a bit excited?

Grumpypants · 05-08-2020 3:22pm

JohnnyFlash wrote: »

Still here lads, and I only have one account. Still a huge scam as well - another 2 billion tether printed recently

And another 125 million created in the past 20 minutes.

I'm surprised it is only 2 billion. About 8 billion has moved into Defi tokens recently and the easiest way to buy them is to buy Tether and then buy your token on the tether/token market.

Having 1 tether = 1 dollars is much less open to mistakes than buying a few thousand tokens at 0.000021 of a bitcoin. One wrong zero and you are losing a nice chunk.

If I want to spend $100 I buy 100 tether. Very simple.

makeorbrake · 05-08-2020 5:59pm

aido79 wrote: »

The scale of the scam is impressive:

https://www.google.com/amp/s/cointelegraph.com/news/bitcoin-market-cap-is-now-bigger-than-intel-or-coca-cola/amp

...and that doesn't take into account any of the other coins.

You're referring to tether I take it - given that you quote JF?

Further research has been done which finds that Tether issuance isn't pumping the price. In this podcast, Ganesh Viswanath-Natraj - Assistant Professor of Finance at Warwick Business School discusses his paper.

aido79 · 05-08-2020 6:41pm

makeorbrake wrote: »

You're referring to tether I take it - given that you quote JF?

Further research has been done which finds that Tether issuance isn't pumping the price. In this podcast, Ganesh Viswanath-Natraj - Assistant Professor of Finance at Warwick Business School discusses his paper.

I'm not really sure what you are talking about to be honest. I quoted an article from coin telegraph about bitcoin being worth more than the shares of coca cola and Intel in terms of market capitalisation.

Bob24 · 05-08-2020 6:52pm

aido79 wrote: »

I'm not really sure what you are talking about to be honest. I quoted an article from coin telegraph about bitcoin being worth more than the shares of coca cola and Intel in terms of market capitalisation.

Those are large companies but possibly not as large as you might think. For exemple Microsoft’s market cap is 8 times larger. And in terms of hard assets the total market cap of gold is 50 times larger.

Being 1/50th of gold’s market cap is an achievement for sure. But it still is significantly smaller.

makeorbrake · 05-08-2020 6:52pm

aido79 wrote: »

I'm not really sure what you are talking about to be honest. I quoted an article from coin telegraph about bitcoin being worth more than the shares of coca cola and Intel in terms of market capitalisation.

(EDIT - looks like I misunderstood you!...and you were being ironic with the 'scam' mention. Disregard my posts!).

You did - in response and in quoting JF's commentary on Tether. However, if you know nothing about it, that's fine.

In that case, I can only assume that you are calling crypto a 'scam' across the board. If so, I disagree. I think you misunderstand what decentralised cryptocurrency has to offer.

amacca · 05-08-2020 7:04pm

makeorbrake wrote: »

You did - in response and in quoting JF's commentary on Tether. However, if you know nothing about it, that's fine.

In that case, I can only assume that you are calling crypto a 'scam' across the board. If so, I disagree. I think you misunderstand what decentralised cryptocurrency has to offer.

Perhaps he is saying its too large to be a scam?

You know, if that much money is pumped into it then perhaps its not a scam for definite sort of thing....

Im.not sure where I come down personally having read books like extraordinary popular delusions and the madness of crowds etc

I find it hard to decide if im looking at tulips or a genuine golden ticket.

SteelyDanJalapeno · 05-08-2020 7:13pm

Real battle at $400 going in right now for eth

makeorbrake · 05-08-2020 7:24pm

amacca wrote: »

Perhaps he is saying its too large to be a scam?

Ah, sorry - yes. Looks like I missunderstood!

amacca wrote: »

Im.not sure where I come down personally having read books like extraordinary popular delusions and the madness of crowds etc

It was a good investment of time to read those. The madness of crowds is evident in all markets from what I can see - and it's definitely evident in crypto too. However, that doesn't mean that there isn't something tangible at the heart of it.

The dot com boom/bust would be an example of sorts. Lots of over-hype - resulting in a lot of fingers getting badly burnt. However, look what came out of it. That handful of mega-sized tech companies make up a disproportionate chunk of the S&P 500 now.

amacca wrote: »

I find it hard to decide if im looking at tulips or a genuine golden ticket.

You are looking at something that is incredibly high risk and moving at a pace. Plenty of projects will fail and never be seen or heard from again. I don't think there's anyone who doesn't agree with that. However, there will be category winners (as there are many different use cases coming out of this - it's not just a money use case or digital gold use case that's implicated).

What I would strongly disagree with though is the comparison with Tulips. Google the characteristics of what makes good money...or what makes a decent store of value. Then go through those characteristics in thinking about Tulips and in thinking of Bitcoin. Bitcoin will score very well. Tulips have hardly any of those characteristics. It's an ill-informed comparison. While your there, then compare bitcoin with gold and sovereign/fiat currencies.

aido79 · 05-08-2020 7:30pm

makeorbrake wrote: »

You did - in response and in quoting JF's commentary on Tether. However, if you know nothing about it, that's fine.

In that case, I can only assume that you are calling crypto a 'scam' across the board. If so, I disagree. I think you misunderstand what decentralised cryptocurrency has to offer.

I think you're getting mixed up here. I thought JF was saying that all cryptocurrency is a scam so I posted the link to make a point that if it's a scam then it's very impressive.
I have had various cryptocurrencies for a few years and am very positive about the future of cryptocurrency. I in no way think it's a scam.

aido79 · 05-08-2020 7:32pm

amacca wrote: »

Perhaps he is saying its too large to be a scam?

You know, if that much money is pumped into it then perhaps its not a scam for definite sort of thing....

That was exactly the point I was trying to make.

makeorbrake · 05-08-2020 7:32pm

aido79 wrote: »

I think you're getting mixed up here. I thought JF was saying that all cryptocurrency is a scam so I posted the link to make a point that if it's a scam then it's very impressive.
I have had various cryptocurrencies for a few years and am very positive about the future of cryptocurrency. I in no way think it's a scam.

My bad - you're quite right - I misunderstood and edited my post above to reflect that.

q85dw7osi4lebg · 06-08-2020 10:08am

Stacked big there today, first time stacking over $11.5 k I think.

Lambo due for delivery January 21, custom order.

211 MH 100000

Grumpypants · 06-08-2020 10:48am

Addison Fancy Macrame wrote: »

Stacked big there today, first time stacking over $11.5 k I think.

Lambo due for delivery January 21, custom order.

211 MH 100000

I keep seeing stacked and have been too afraid to ask what it means ??

Does that mean you add a little each week and your overall is 11.5K or that you just bought 11.5K worth today?

Truckermal · 06-08-2020 10:53am

Grumpypants wrote: »

I keep seeing stacked and have been too afraid to ask what it means ??

Does that mean you add a little each week and your overall is 11.5K or that you just bought 11.5K worth today?

Think he has the silage cut in that 11 Acre field and is stacking Bales all morning.....

seannash · 06-08-2020 10:57am

Grumpypants wrote: »

I keep seeing stacked and have been too afraid to ask what it means ??

Does that mean you add a little each week and your overall is 11.5K or that you just bought 11.5K worth today?

I think he means he has bought some bitcoin (Probably not a whole bitcoin) and its the first time hes every bought bitcoin when the price was at over 11.5k

cnocbui · 06-08-2020 11:05am

Grumpypants wrote: »

I keep seeing stacked and have been too afraid to ask what it means ??

Does that mean you add a little each week and your overall is 11.5K or that you just bought 11.5K worth today?

In my native dialect, stacked means you clipped a large semi in the Lambo and it rolled a few times in the air as it left the road before hitting some trees and was write-off.

What's MH?

Won't be long before we start having those capital gains tax and emigration discussions again. :cool:

Given flights to escape on are looking bothersome, perhaps InstaSte and I could share the costs of chartering a Gulfstream to our respective tax havens.

q85dw7osi4lebg · 06-08-2020 11:58am

I farm and stack Satoshies for a living on my $11,500 acre farm which happens to have parking for Lambos so in a way you are all correct.

MH = Meath, where my Irish hideout will be located.

May start looking for a farm in Portugal soon.

makeorbrake · 06-08-2020 12:33pm

Truckermal wrote: »

Think he has the silage cut in that 11 Acre field and is stacking Bales all morning.....

Nailed it - this is where the Lambo comes into the equation also.:D

cnocbui wrote: »

Won't be long before we start having those capital gains tax and emigration discussions again. :cool:

Emigration? You mean I'm going to have to do this all over again? :eek:

Grumpypants wrote: »

I keep seeing stacked and have been too afraid to ask what it means ??

Full explanation here.

q85dw7osi4lebg · 06-08-2020 12:35pm

Grumpypants wrote: »

I keep seeing stacked and have been too afraid to ask what it means ??

Does that mean you add a little each week and your overall is 11.5K or that you just bought 11.5K worth today?

I add a little each week, or a lot on bearish weeks. Today was the most I've ever paid for Bitcoin, uncharted territories for me.

mdmix · 06-08-2020 1:01pm

Addison Fancy Macrame wrote: »

I add a little each week, or a lot on bearish weeks. Today was the most I've ever paid for Bitcoin, uncharted territories for me.

are you manually doing this or do you link your cc or bank acc for auto "stacking"?

q85dw7osi4lebg · 06-08-2020 2:07pm

mdmix wrote: »

are you manually doing this or do you link your cc or bank acc for auto "stacking"?

Manually as the amount always changes a bit depending on my mood and the price. Generally try to stack similar amount of Bitcoin per week as opposed to the USDV of it.

Almost feels bad to say it but Covid causing us to all stay at home has increased the pot tremendously.

cnocbui · 06-08-2020 3:12pm

makeorbrake wrote: »

Nailed it - this is where the Lambo comes into the equation also.:D

Emigration? You mean I'm going to have to do this all over again? :eek:

Full explanation here.

You emigrated already? if so, you surely won't need to again.

makeorbrake · 06-08-2020 3:55pm

cnocbui wrote: »

You emigrated already? if so, you surely won't need to again.

For sure, Just kidding. I've been living overseas and happily filing tax returns on crypto earnings for a few years already.

mdmix · 06-08-2020 5:06pm

Addison Fancy Macrame wrote: »

Stacked big there today, first time stacking over $11.5 k I think.

bitcoin up is partly due to weak dollar, in euro terms still not breaking 12 month high

https://youtu.be/7B4JcUEIVS4

q85dw7osi4lebg · 06-08-2020 5:45pm

mdmix wrote: »

bitcoin up is partly due to weak dollar, in euro terms still not breaking 12 month high

https://youtu.be/7B4JcUEIVS4

Same goes for stonks. Just one of those things we have to deal with.

jimmii · 06-08-2020 7:36pm

Another push to crack 12 on now.

jimmii · 07-08-2020 7:28am

Hello $10 link it was nice to meet you hope to see you back soon!

SkySter · 07-08-2020 6:43pm

jimmii wrote: »

Hello $10 link it was nice to meet you hope to see you back soon!

Buy the dip!:D

Stormington · 07-08-2020 9:22pm

jimmii wrote: »

Hello $10 link it was nice to meet you hope to see you back soon!

Give it a few minutes.

jimmii · 07-08-2020 9:26pm

Stormington wrote: »

Give it a few minutes.

Its spent the whole day trying to hold it. Maybe tomorrow.

Stormington · 07-08-2020 9:38pm

You're welcome.

da_miser · 07-08-2020 11:17pm

Link $10
Whats most impressive is that Link has disconnected from Bitcoin, Bitcoin goes up or down the rest follow, Link is now doing it own thing, extremely Bullish.
Look at the trading volume, Link and ETH swap places for most traded in Bitcoin, yet again Bullish.
If memory serves Oracle doing a big show in September with partners using Link, we are see the fuel tanks getting filled for a moon mission, back up the truck and buy with both hands.

Stormington · 07-08-2020 11:22pm

If memory serves Oracle doing a big show in September with partners using Link, we are see the fuel tanks getting filled for a moon mission, back up the truck and buy with both hands.

Dave Portnoy.
DeFi. Pamp it.

seannash · 07-08-2020 11:23pm

Lads I've a question about the binance app. Its currently asking me for my google authentication code to sign in but whenever i close the app to go look at google authenticator and rhen go back to the binance app it loads rhe binance app from its home page, not the page asking me for the authentication code.
Anyone figured a way around this.
Cam sign in on laptop no problem

Stormington · 07-08-2020 11:24pm

iOS or Android?

seannash · 07-08-2020 11:26pm

Stormington wrote: »

iOS or Android?

Android

makeorbrake · 07-08-2020 11:26pm

Came across this on Crypto-Twitter earlier. Funny as fuck!

(don't get me wrong - I see a lot of good stuff coming out of DeFi ultimately but there are some projects and aspects to it (yield farming) that are not sustainable.

Stormington · 07-08-2020 11:33pm

seannash wrote: »

Android

Uninstall, check certs, reinstall.

Truckermal · 08-08-2020 6:20am

€9 Link!

da_miser · 08-08-2020 7:21am

Link pumping on no news, somebody knows something

jimmii · 08-08-2020 3:17pm

da_miser wrote: »

Link pumping on no news, somebody knows something

On the cusp of $11 now some run.

Green&Red · 08-08-2020 3:58pm

SkySter wrote: »

Buy the dip!:D

When is this dip you speak of?

A dip at this stage will be it rising 5c an hour rather than 10

jimmii · 08-08-2020 4:21pm

Some jump up to $11.54!

makeorbrake · 08-08-2020 4:21pm

Green&Red wrote: »

When is this dip you speak of? A dip at this stage will be it rising 5c an hour rather than 10

There will be a world of opportunity to buy whatever you want when the conventional market finally catches up with the reality of this ongoing shi_tshow. We're probably ok until after the election.

RasTa · 08-08-2020 7:46pm

Doesn't the owners of chainlink own $2.5b of the market atm?

jimmii · 08-08-2020 7:49pm

$13.40 what the hell! $12.xx completely bypassed!

KilOit · 08-08-2020 7:58pm

Sold a good chunk of my link just there, got it for under 1$ so wasn't going to watch it drop off a cliff this time.
This coin was memed so much on 4chan back in Dec 2017, raging i didn't put more into it at the time but who's to know what coin will succeed

rapul · 08-08-2020 7:58pm

jimmii wrote: »

$13.40 what the hell! $12.xx completely bypassed!

Mental alrite, let the good times roll

makeorbrake · 08-08-2020 8:00pm

jimmii wrote: »

$13.40 what the hell! $12.xx completely bypassed!

Davey DayTrader (Dave Portnoy) mentioned that he wanted to buy some the other day - so i'm sure some of his band of robinhood traders will have bought some.

jimmii · 08-08-2020 8:03pm

makeorbrake wrote: »

Davey DayTrader (Dave Portnoy) mentioned that he wanted to buy some the other day - so i'm sure some of his band of robinhood traders will have bought some.

Could well be alright. Been a mad jump.

Is anyone else starting to become a bit excited?

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