Crypto Currency Thread (Vol.2)
Discussion
r3g said:
*sigh*
How many more times does it need to be repeated before you stocks/commodies people get it ?
NOBODY CARES ABOUT ITS USE CASE. NOBODY. ANYONE WHO SAYS ANY DIFFERENT IS LYING.
Got it ?
The only reason we buy into these is to speculate in the price increasing and selling at a nice profit or to gamble on the endless stream of 3% per day full degen ponzi projects before they rugpull. It's a form of gambling, that's it. Do you people go into the horse betting threads and casino threads droning on and on and on and on and on about your 1% per year stocks and shares comparing them with each other? No. So why do it here? You don't like crypto, that's fine, it's not for you, so off you go back to your stocks threads. Stop endlessly trolling this one (collectively).
Like in every asset class, you get a handful of deluded people who think the price is going to go to £1m and believe it will take over the world. Such people can also be found in the gold and silver threads and tend to get quite upset when you point out that neither of them have done anything price wise, and certainly not the gold at $100k and silver at $10k like they've all been predicting since time began. If that's what they choose to believe, so what? Leave them be in their bubble.
I think most will agree entirely with you. It has been the underlying view for years. 2027 was basically the last time there was actual 'hope of use' getting priced in. How many more times does it need to be repeated before you stocks/commodies people get it ?
NOBODY CARES ABOUT ITS USE CASE. NOBODY. ANYONE WHO SAYS ANY DIFFERENT IS LYING.
Got it ?
The only reason we buy into these is to speculate in the price increasing and selling at a nice profit or to gamble on the endless stream of 3% per day full degen ponzi projects before they rugpull. It's a form of gambling, that's it. Do you people go into the horse betting threads and casino threads droning on and on and on and on and on about your 1% per year stocks and shares comparing them with each other? No. So why do it here? You don't like crypto, that's fine, it's not for you, so off you go back to your stocks threads. Stop endlessly trolling this one (collectively).
Like in every asset class, you get a handful of deluded people who think the price is going to go to £1m and believe it will take over the world. Such people can also be found in the gold and silver threads and tend to get quite upset when you point out that neither of them have done anything price wise, and certainly not the gold at $100k and silver at $10k like they've all been predicting since time began. If that's what they choose to believe, so what? Leave them be in their bubble.
The issue, arguably, is that on PH the perma-punters who leap from one risk miss-prices retail punt to the next in an endless cycle of losses really bought into the delusion of this punt. Like buying into the delusion of a bent Aussie with multiple criminal form flogging a hole in the ground a single toothless alcoholic has dug, pitching the hole, the toothless old boozer and his caravan as the next big gold mine and long after the boozer was found dead in his hole and the bent Aussie showman has moved on to selling a drug that will make stupid people live forever and still holding their share cert in the air and screaming that it's going to the moon just as soon as gold is found, so crypto has completely turbo charged this scenario of Ladbroke pay packet walkins pretending to be leading authorities in subjects that contain a lot of made up words.
We've all seen it with every bit of retail junk from AIM stocks, P2P lending, crowdfunding etc etc.
The point being that if someone realises it is just a punt on flawed risk pricing and you chuck in amounts that have no material impact then there is no problem but punters by their very nature can't ever see that and as you can see with crypto you are getting large numbers of people who have spanked more than they can afford.
Nothing has changed with bitcoin. I still use it every day and it's better than ever. Yes the financial industry cowboys, the Israeli scammers and the global banking cartel are doing their best to abuse and suppress it...but nothing has changed. We knew this was coming, it's a great test. Bitcoin still 100% operational 
dimots said:
Nothing has changed with bitcoin. I still use it every day and it's better than ever. Yes the financial industry cowboys, the Israeli scammers and the global banking cartel are doing their best to abuse and suppress it...but nothing has changed. We knew this was coming, it's a great test. Bitcoin still 100% operational
how do you use it everyday?r3g said:
*sigh*
How many more times does it need to be repeated before you stocks/commodies people get it ?
NOBODY CARES ABOUT ITS USE CASE. NOBODY. ANYONE WHO SAYS ANY DIFFERENT IS LYING.
Got it ?
The only reason we buy into these is to speculate in the price increasing and selling at a nice profit or to gamble on the endless stream of 3% per day full degen ponzi projects before they rugpull. It's a form of gambling, that's it. Do you people go into the horse betting threads and casino threads droning on and on and on and on and on about your 1% per year stocks and shares comparing them with each other? No. So why do it here? You don't like crypto, that's fine, it's not for you, so off you go back to your stocks threads. Stop endlessly trolling this one (collectively).
Like in every asset class, you get a handful of deluded people who think the price is going to go to £1m and believe it will take over the world. Such people can also be found in the gold and silver threads and tend to get quite upset when you point out that neither of them have done anything price wise, and certainly not the gold at $100k and silver at $10k like they've all been predicting since time began. If that's what they choose to believe, so what? Leave them be in their bubble.
No but I didn't do that here did I? I asked some questions about cryptocurrency on a cryptocurrency thread. The difference is that if I ask a question about horse betting or casinos on a gambling thread I wouldn't get accused of trolling. I didn't say I didn't "like" crypto btw I said I didn't understand it...How many more times does it need to be repeated before you stocks/commodies people get it ?
NOBODY CARES ABOUT ITS USE CASE. NOBODY. ANYONE WHO SAYS ANY DIFFERENT IS LYING.
Got it ?
The only reason we buy into these is to speculate in the price increasing and selling at a nice profit or to gamble on the endless stream of 3% per day full degen ponzi projects before they rugpull. It's a form of gambling, that's it. Do you people go into the horse betting threads and casino threads droning on and on and on and on and on about your 1% per year stocks and shares comparing them with each other? No. So why do it here? You don't like crypto, that's fine, it's not for you, so off you go back to your stocks threads. Stop endlessly trolling this one (collectively).
Like in every asset class, you get a handful of deluded people who think the price is going to go to £1m and believe it will take over the world. Such people can also be found in the gold and silver threads and tend to get quite upset when you point out that neither of them have done anything price wise, and certainly not the gold at $100k and silver at $10k like they've all been predicting since time began. If that's what they choose to believe, so what? Leave them be in their bubble.
If you're saying crypto "trading" is just the latest version of the "greater fool theory" than fair enough - but there are quite a few others on here arguing that crypto has potential and utility in the real world, so you can perhaps understand my confusion.
dimots said:
Nothing has changed with bitcoin. I still use it every day and it's better than ever. Yes the financial industry cowboys, the Israeli scammers and the global banking cartel are doing their best to abuse and suppress it...but nothing has changed. We knew this was coming, it's a great test. Bitcoin still 100% operational
And I think that's where we are with Crypto, some people do actually use it. There will never be a wide acceptance of it, there simply is no appetite for it by the greater population and while that happens the Bitcoiners will just continue to use it in their own little crypto ecosystem.
There is no winning or losing the Crypto argument, Bitcoin will never die but it will also never take over the world.
All in my opinion of course.
dimots said:
I have been running bitcoin/crypto payment integrations in many of my online businesses since around 2014. It was the simplicity of accepting bitcoin payments compared to running payment gateways that first convinced me of its value.
That’s really interesting. How do you price? Ie do you price in fiat and convert at the spot exchange rate, or price in BTC and vice versa, or have different price lists?dimots said:
Ouroboros said:
how do you use it everyday?
I have been running bitcoin/crypto payment integrations in many of my online businesses since around 2014. It was the simplicity of accepting bitcoin payments compared to running payment gateways that first convinced me of its value.r3g said:
*sigh*
How many more times does it need to be repeated before you stocks/commodies people get it ?
NOBODY CARES ABOUT ITS USE CASE. NOBODY. ANYONE WHO SAYS ANY DIFFERENT IS LYING.
Got it ?
<snip>
And later on the same page :How many more times does it need to be repeated before you stocks/commodies people get it ?
NOBODY CARES ABOUT ITS USE CASE. NOBODY. ANYONE WHO SAYS ANY DIFFERENT IS LYING.
Got it ?
<snip>
dimots said:
Nothing has changed with bitcoin. I still use it every day and it's better than ever. Yes the financial industry cowboys, the Israeli scammers and the global banking cartel are doing their best to abuse and suppress it...but nothing has changed. We knew this was coming, it's a great test. Bitcoin still 100% operational
You can't both be right.According to r3g, dimots is a liar, along with several other cypto enthusiasts on this thread.
r3g said:
*sigh*
How many more times does it need to be repeated before you stocks/commodies people get it ?
NOBODY CARES ABOUT ITS USE CASE. NOBODY. ANYONE WHO SAYS ANY DIFFERENT IS LYING.
Got it ?
The only reason we buy into these is to speculate in the price increasing and selling at a nice profit or to gamble on the endless stream of 3% per day full degen ponzi projects before they rugpull. It's a form of gambling, that's it. Do you people go into the horse betting threads and casino threads droning on and on and on and on and on about your 1% per year stocks and shares comparing them with each other? No. So why do it here? You don't like crypto, that's fine, it's not for you, so off you go back to your stocks threads. Stop endlessly trolling this one (collectively).
Like in every asset class, you get a handful of deluded people who think the price is going to go to £1m and believe it will take over the world. Such people can also be found in the gold and silver threads and tend to get quite upset when you point out that neither of them have done anything price wise, and certainly not the gold at $100k and silver at $10k like they've all been predicting since time began. If that's what they choose to believe, so what? Leave them be in their bubble.
Whilst that is true, the point is that there are (or were) crypto fans in this thread shilling it as a serious and credible investment. How many more times does it need to be repeated before you stocks/commodies people get it ?
NOBODY CARES ABOUT ITS USE CASE. NOBODY. ANYONE WHO SAYS ANY DIFFERENT IS LYING.
Got it ?
The only reason we buy into these is to speculate in the price increasing and selling at a nice profit or to gamble on the endless stream of 3% per day full degen ponzi projects before they rugpull. It's a form of gambling, that's it. Do you people go into the horse betting threads and casino threads droning on and on and on and on and on about your 1% per year stocks and shares comparing them with each other? No. So why do it here? You don't like crypto, that's fine, it's not for you, so off you go back to your stocks threads. Stop endlessly trolling this one (collectively).
Like in every asset class, you get a handful of deluded people who think the price is going to go to £1m and believe it will take over the world. Such people can also be found in the gold and silver threads and tend to get quite upset when you point out that neither of them have done anything price wise, and certainly not the gold at $100k and silver at $10k like they've all been predicting since time began. If that's what they choose to believe, so what? Leave them be in their bubble.
I suspect that's where the confusion lies.
Seventyseven7 said:
Ari said:
Seventyseven7 said:
Ari said:
I'm a little surprised that our crypto fans in this thread haven't been comparing how much they're investing in buying the dip.
That's what these smart investors do isn't it, buy the dip?
Unless they think that it's not a dip?
The chat is mostly in the telegram group main group and the various little ones that have come from it. That's what these smart investors do isn't it, buy the dip?
Unless they think that it's not a dip?
I bought 1.1 BTC at 17.5 US and I bought 18 QNT at 55. I had a small short on ETH at 1,200 but have closed it. I will probably open a longer short on ETH in the near future.
What trading have you been doing?
Very boring, I know, but it seems to work for me.
Is that you cashed out from it now, or investing that half somewhere else?
The truth is I've got some fairly big work going on at home currently, and I figured I'd be better using the money for that at the mo. I don't see big gains in the stock market in the short to medium term. (And if I'm proved wrong, which is far from impossible, at least half of what was there is still there).
Ari said:
Seventyseven7 said:
Ari said:
Seventyseven7 said:
Ari said:
I'm a little surprised that our crypto fans in this thread haven't been comparing how much they're investing in buying the dip.
That's what these smart investors do isn't it, buy the dip?
Unless they think that it's not a dip?
The chat is mostly in the telegram group main group and the various little ones that have come from it. That's what these smart investors do isn't it, buy the dip?
Unless they think that it's not a dip?
I bought 1.1 BTC at 17.5 US and I bought 18 QNT at 55. I had a small short on ETH at 1,200 but have closed it. I will probably open a longer short on ETH in the near future.
What trading have you been doing?
Very boring, I know, but it seems to work for me.
Is that you cashed out from it now, or investing that half somewhere else?
The truth is I've got some fairly big work going on at home currently, and I figured I'd be better using the money for that at the mo. I don't see big gains in the stock market in the short to medium term. (And if I'm proved wrong, which is far from impossible, at least half of what was there is still there).
Stock market doesn't look good for the short term that's for sure.
Ari, I would suggest you buy some Bitcoin if you want a good return in the next 12 months, I can show you how....
(I'm joking)
it is quite funny that when crypto is on the up, this thread is busy with backslapping about how amazing we all are, and how amazing crypto is... but when it's down then it just turns into a massive argument about how s
t crypto is, as a concept, and how idiotic we/others are. If people genuinely believed in the ideology then it wouldn't work like this. This thread is 99.9% speculators. Probably approximately representative of the wider crypto holder population.
t crypto is, as a concept, and how idiotic we/others are. If people genuinely believed in the ideology then it wouldn't work like this. This thread is 99.9% speculators. Probably approximately representative of the wider crypto holder population.Blown2CV said:
it is quite funny that when crypto is on the up, this thread is busy with backslapping about how amazing we all are, and how amazing crypto is... but when it's down then it just turns into a massive argument about how st crypto is, as a concept, and how idiotic we/others are. If people genuinely believed in the ideology then it wouldn't work like this. This thread is 99.9% speculators. Probably approximately representative of the wider crypto holder population.
People never admit to the losses they make. Same when buying a car ‘what a great deal I bargained’ . I actually believe that most of the big wins people talk about are even fake - and all they are doing is quoting that the sold out at a big profit when they are in fact under water . Most trading strategies show that people never sell out when markets are falling as they believe ‘it will bounce back’. t crypto is, as a concept, and how idiotic we/others are. If people genuinely believed in the ideology then it wouldn't work like this. This thread is 99.9% speculators. Probably approximately representative of the wider crypto holder population.Some Gump said:
Al Gorithum said:
Bloomberg this morning reporting that the Crypto Jesus fella has gone bust with $30m (IIRC) with PG's. Ouch.
[Img]https://i.etsystatic.com/12874929/r/il/53eee9/2707061820/il_fullxfull.2707061820_f4hg.jpg[/thumb]??Blown2CV said:
it is quite funny that when crypto is on the up, this thread is busy with backslapping about how amazing we all are, and how amazing crypto is... but when it's down then it just turns into a massive argument about how st crypto is, as a concept, and how idiotic we/others are. If people genuinely believed in the ideology then it wouldn't work like this. This thread is 99.9% speculators. Probably approximately representative of the wider crypto holder population.
when it up and people make money they think they are talented and skilled. When it dumps massively they realise it was just pure luck, like gambling.t crypto is, as a concept, and how idiotic we/others are. If people genuinely believed in the ideology then it wouldn't work like this. This thread is 99.9% speculators. Probably approximately representative of the wider crypto holder population.Gassing Station | Finance | Top of Page | What's New | My Stuff