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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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PopePalpatine

HGVRHKYY wrote: »

I think having the expectation to end up driving around in a Lambo from only €500 would be pretty ridiculous anyway. Even if you 'only' managed to double your money, you don't see the point in that? Most people investing in stocks and index funds are delighted with 8-10% returns in a year lol. Do you invest in anything in general? Pretty baffling to me to not see the point in trying to make good returns even if you don't have a few grand you're comfortable risking

When you think about it, turning €500 into "Lambo money", which is probably at least €300k if you fancy the Official Car of MLMs Anus Urus once taxes are factored in, translates to odds of 600/1. That's the sort of bet you'd do maybe once a year as a €5 or €10 pre-season accumulator that always ends up a couple of legs down, or a 10c request-a-bet on a cup final.

SnuggyBear

You can use altcoins to increase that 500 quicker and then put your profits back into bitcoin or more altcoins.
Easy tactic lately is buy on Sunday and sell when it goes up Monday or over the week. There was 75% to 100% gains last week on some coins like matic, telcoin and maker. Not financial advice

SortingYouOut

SnuggyBear wrote: »

You can use altcoins to increase that 500 quicker and then put your profits back into bitcoin or more altcoins.
Easy tactic lately is buy on Sunday and sell when it goes up Monday or over the week. There was 75% to 100% gains last week on some coins like matic, telcoin and maker. Not financial advice

Whats with the whole "not financial advice" thing? Very Reddit of you, but I don't get why it's necessary.

Irish_rat

Donald Trump wrote: »

I never bought and sold cryptocurrency. I am only speaking in general terms. People on here will dismiss what I say because I said that.

Its baffling how you keep posting here given you have zero experience using crypto.

Also your posts are so random I get a headache reading any.

SortingYouOut

CorkRed93 wrote: »

heres what you should do (but if it goes tits up i didnt advise you)

Ah no, I get that much but I'm just wondering why someone anonymous on the internet gives a feck about removing themselves from the financial decisions another stranger makes. It's always the same line as well, just wondering if they think they're converting themselves in a legal setting which, in Ireland anyway, it wouldn't matter one bit whether you said that or not.

cnocbui

Irish_rat wrote: »

Its baffling how you keep posting here given you have zero experience using crypto.

Also your posts are so random I get a headache reading any.

It's easy to be negative about something you have never and will never gain from. Sour grapes, basically.

Conversely, I find it very easy to be positive because I am invested, have been for some time and the potential gain has been substantial.

FutureTeashock

cnocbui wrote: »

It's easy to be negative about something you have never and will never gain from. Sour grapes, basically.

Conversely, I find it very easy to be positive because I am invested, have been for some time and the potential gain has been substantial.

HMS Bitcoin is currently taking in a lot of water. Best to wait before crowing about your gains imo.

SnuggyBear

SortingYouOut wrote: »

Ah no, I get that much but I'm just wondering why someone anonymous on the internet gives a feck about removing themselves from the financial decisions another stranger makes. It's always the same line as well, just wondering if they think they're converting themselves in a legal setting which, in Ireland anyway, it wouldn't matter one bit whether you said that or not.

I said it more tongue in cheek than anything

[Deleted User]

FutureTeashock wrote: »

HMS Bitcoin is currently taking in a lot of water. Best to wait before crowing about your gains imo.

That completely depends on when you bought in

cnocbui

FutureTeashock wrote: »

HMS Bitcoin is currently taking in a lot of water. Best to wait before crowing about your gains imo.

My portfolio is still very green.

Donald Trump

cnocbui wrote: »

It's easy to be negative about something you have never and will never gain from. Sour grapes, basically.

Lol.

Show me where I was negative or positive about anything?

I already went through this with some other eejit.

Donald Trump

Irish_rat wrote: »

Its baffling how you keep posting here given you have zero experience using crypto.

Also your posts are so random I get a headache reading any.

That's ok if you don't understand them. You can ignore them. They're not for you. I don't do meme format unfortunately.

Donald Trump

SortingYouOut wrote: »

I get what you mean, I was responsible when what I had at stake wasn't a loss I could afford. I still regret taking it out though, in hindsight.

Don't get caught out with the "regret in hindsight" thing. Learn from something if it was a genuine mistake or calculation in your logic at the time, but don't let it emotionally drag you into future mistakes. It sounded to me from your description that what you did was right at the time. So it is still right now. It doesn't mean you can't take on more risk in the future when you can afford to

AFA (Actual financial advice) :pac:

Slideways

Things not looking good for Bitcoin after a large portion of the ransom for the pipeline ransomware attack was traced.

Big slides, is this the end of the road for it after law enforcement appear to have cracked it. No longer much use to it paedos, traffickers and hackers if that’s the case

jobless

Slideways wrote: »

Things not looking good for Bitcoin after a large portion of the ransom for the pipeline ransomware attack was traced.

Big slides, is this the end of the road for it after law enforcement appear to have cracked it. No longer much use to it paedos, traffickers and hackers if that’s the case

lol, their are bigger problems if bitcoin has been 'hacked' as you put it.... secure web for a start...

KilOit

Slideways wrote: »

Things not looking good for Bitcoin after a large portion of the ransom for the pipeline ransomware attack was traced.

Big slides, is this the end of the road for it after law enforcement appear to have cracked it. No longer much use to it paedos, traffickers and hackers if that’s the case

Don't know much details but only way they could seize the Bitcoin is they sent it to an exchange and forced the exchange to lock the wallet etc

[Deleted User]

Slideways wrote: »

Things not looking good for Bitcoin after a large portion of the ransom for the pipeline ransomware attack was traced.

Big slides, is this the end of the road for it after law enforcement appear to have cracked it. No longer much use to it paedos, traffickers and hackers if that’s the case

Everything is in trouble of the encryption was cracked so I don't think that happened

NomadicGray

Slideways wrote: »

is this the end of the road for it after law enforcement appear to have cracked it

Seizing a server is not cracking anything

Irish_rat

CorkRed93 wrote: »

I see Saylor is still embarrassing himself with his bitcoin nonsense. " remortgage your house to buy bitcoin" these people need to be locked up and mentally evaluated.

He is definitely not well in the head, needs a few other hobbies

HGVRHKYY

KilOit wrote: »

Don't know much details but only way they could seize the Bitcoin is they sent it to an exchange and forced the exchange to lock the wallet etc

That is what happened as far as I know, pretty easy for them to get crypto off an exchange wallet

Mellor

HGVRHKYY wrote: »

That is what happened as far as I know, pretty easy for them to get crypto off an exchange wallet

They claimed they got hold of the private key to the wallet. So Bitcoin hasn’t been “cracked”.

stockshares

Big day tomorrow
https://www.banking.senate.gov/hearings/building-a-stronger-financial-system-opportunities-of-a-central-bank-digital-currency

US senate hearing on central bank digital currencies

Chris_5339762

Everyone told me crypto would go to the moon and that I would be a millionaire by now. They told me dirty fibs.

The moon is on the other side of the earth and crypto is following it.

[Deleted User]

Chris_5339762 wrote: »

Everyone told me crypto would go to the moon and that I would be a millionaire by now. They told me dirty fibs.

The moon is on the other side of the earth and crypto is following it.

You must be new to this! Hodl

Idioteque

Slideways wrote: »

Things not looking good for Bitcoin after a large portion of the ransom for the pipeline ransomware attack was traced.

Big slides, is this the end of the road for it after law enforcement appear to have cracked it. No longer much use to it paedos, traffickers and hackers if that’s the case

I'm of the oppostie opinion. Making it harder and less desirable for ransoms to be demanded via Bitcoin is only a good thing in the medium to long term I think.

There are many on the sidelines who have an overinflated idea of how much BTC is tied to illegal activities vs say in comparison to FIAT, so anything to help improve that image for those people can only be a good thing and maybe sway some early/late majority into it.

HGVRHKYY

At least my GME is making up some bit for the boring sideway crypto market

Repo101

The problems stems from fiat at the moment. Too much printing of fiat (Euro, USD etc) has resulted in inflated prices of assets. This is naturally going to reduce the price of assets over the coming months and has already done so. Central banks have no tools left and if the USD loses its reserve status then cryptos are going to be in much bigger trouble.

I was hopeful by now we would have had some real use cases as a fiat replacement or at least a map of how DeFi integrates into the financial system but, at least to me, it feels as if we are still 5-10 years away from those real discussions.

Also, in the long run it's very difficult to see BitCoin and Ethereum maintaining this kind of growth when both are hugely flawed coins. Proof of stake will also fail miserably as a way of achieving consensus as votes can be used for both sides of a fork! The same arguments that are made about $hitCoins can easily be applied to the big two.

Whelo79

I moved all my liquid crypto into Tether around mid day. Hoping to pick up some bargains during the week if this dip continues.

It's the first time I've ever tethered up, I usually just hold through the dips, but these big dips, with no real bounce back, are getting more regular now.

Chuckie_Egg

Not the first time the NSA was able to crack SHA-256. Remember they were able to unlock that iphone when Apple refused.
Then again it was the NSA that invented SHA-256, so they would be in the know

Dohnjoe

Chuckie_Egg wrote: »

Not the first time the NSA was able to crack SHA-256. Remember they were able to unlock that iphone when Apple refused.
Then again it was the NSA that invented SHA-256, so they would be in the know

Am out of the loop, what happened?