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

PopePalpatine · 29-05-2021 5:07pm

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 · 29-05-2021 5:29pm

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 · 29-05-2021 7:16pm

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 · 29-05-2021 7:27pm

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 · 29-05-2021 7:31pm

Amira Young Picnic 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 · 29-05-2021 7:41pm

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 · 29-05-2021 7:56pm

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 · 29-05-2021 8:00pm

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

29-05-2021 8:27pm

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 · 29-05-2021 8:53pm

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 · 29-05-2021 9:57pm

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 · 29-05-2021 10:00pm

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 · 29-05-2021 10:13pm

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 · 08-06-2021 10:31am

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 · 08-06-2021 10:39am

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 · 08-06-2021 10:48am

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

08-06-2021 10:55am

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 · 08-06-2021 11:46am

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 · 08-06-2021 11:57am

Amira Young Picnic 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 · 08-06-2021 12:00pm

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 · 08-06-2021 1:50pm

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 · 08-06-2021 1:55pm

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 · 08-06-2021 2:06pm

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.

08-06-2021 2:14pm

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 · 08-06-2021 2:28pm

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 · 08-06-2021 4:00pm

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

Repo101 · 08-06-2021 4:09pm

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 · 08-06-2021 4:15pm

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 · 08-06-2021 4:21pm

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 · 08-06-2021 4:23pm

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?

08-06-2021 4:28pm

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

They unlocked the iPhone using a vulnerability that has since been patched and they paid for it
"FBI paid under $1 million to unlock San Bernardino iPhone: sources | Article [AMP] | Reuters" https://mobile.reuters.com/article/amp/idUSKCN0XQ032

NomadicGray · 08-06-2021 6:10pm

Dohnjoe wrote: »

Am out of the loop, what happened?

FBI secured a bitcoin wallet that ransom was sent to recovering the ransom. Most likely by getting the private key

HGVRHKYY · 08-06-2021 6:27pm

Repo101 wrote: »

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.

DeFi is only a year or two old basically, how could it not feel like it's at least a few years away from coming into its own

el diablo · 08-06-2021 7:21pm

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

They didn't crack SHA-256. This was an extremely obvious and transparent false flag ransonware attack by the alphabet agencies.

wotzgoingon · 08-06-2021 7:25pm

I cracked a secure password once. I got high and remembered the password.

Did I mention the secure password was my own. :pac:

08-06-2021 8:19pm

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

[Citation needed]

Chris_5339762 · 08-06-2021 8:32pm

Badly fukt wrote: »

You must be new to this! Hodl

I am indeed. Started at the worst possible time.

I shall hodl for now.

el diablo · 08-06-2021 8:46pm

All the meme-coiners will be shaken out of the market and will probably jump back in when BTC goes to $100k. These folks are ridiculously easy to manipulate.

FutureTeashock · 08-06-2021 11:47pm

Chris_5339762 wrote: »

I am indeed. Started at the worst possible time.

I shall hodl for now.

You paid a heavy price for that Elon Musk Fanboy membership.

Jeff2 · 09-06-2021 12:48am

All looking good now:)

FutureTeashock · 09-06-2021 12:55am

Jeff2 wrote: »

All looking good now:)

It's not very nice to mock people as their portfolios evaporate before their eyes and hopes and dreams are shattered.

If only they had a crypto coin for class.

Jeff2 · 09-06-2021 1:14am

FutureTeashock wrote: »

It's not very nice to mock people as their portfolios evaporate before their eyes and hopes and dreams are shattered.

If only they had a crypto coin for class.

No, I think it is going to go up as a few were that's just my take on it.

Look Coin that is not a coin but on matket.

FutureTeashock · 09-06-2021 1:17am

Jeff2 wrote: »

No, I think it is going to go up as a few were that's just my take on it.

It looks more like a death spiral to me, but I know very little about crypto lol.

Jeff2 · 09-06-2021 2:00am

I don't by green or red as that is only a sure way to not not the price of coins.
What looks green may be red and opposite.

One needs the know and following prices.

GooglePlus · 09-06-2021 8:32am

Jeff2 wrote: »

I don't by green or red as that is only a sure way to not not the price of coins.
What looks green may be red and opposite.

One needs the know and following prices.

Isn't it always either green or red though, unless somehow stagnant for a while, which is unlikely to happen for more than seconds with crypto.

GooglePlus · 09-06-2021 8:32am

FutureTeashock wrote: »

It looks more like a death spiral to me, but I know very little about crypto lol.

A death spiral upwards?

Irish_rat · 12-06-2021 7:44am

It does appear a lot of money is leaving the market, bear incoming?

HillCloudHop · 12-06-2021 2:59pm

Irish_rat wrote: »

It does appear a lot of money is leaving the market, bear incoming?

I really hope so. Bear markets are the best time to buy.

Mastroianni · 12-06-2021 9:43pm

Badly fukt wrote: »

You must be new to this! Hodl

will I hold too? to trading, no theter, just hold an pray the god of crypto (which is an a$$hole)?

antimatterx · 20-06-2021 3:34pm

Grim out there...

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

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