Crypto Currency Thread

[MelbourneWoody]

It's still an interesting market. I've also spoken with people who are being hounded by Ripple about implementing blockchain technology for their website. I curious to see what will happen if an agreement actually was signed.

[p1stonhead]

DrSteveBrule said:

x5x3 said:

Behemoth said:

BTC had its year lows in mid January in 2015, 2016, 2017. Might that be a pattern? Maybe, maybe not, but it's great timing for the city bonus season

I've seen some interesting discussions whether these annual January dips are related to profit taking in the East to spend on the Lunar New Year celebrations.

https://www.reddit.com/r/CryptoCurrency/comments/7qqfcz/everybody_relax_heres_the_reason_for_the_dip_and/?utm_source=reddit-android

What drivel

[Behemoth]

Badda said:

It's slightly different with equities as you can look at their assets and profits and make a call on whether you believe the market cap is sustainable and good value.

Yes, equities are very different but you can certainly do fundamental research with cryptocurrency, both technical & economic, and make a reasoned call. They look like "coins" to you because you don't research the space, which is fine. Never invest in what you don't fundamentally understand & do your own research are both solid cliches.

[p1stonhead]

Behemoth said:

Badda said:

It's slightly different with equities as you can look at their assets and profits and make a call on whether you believe the market cap is sustainable and good value.

Yes, equities are very different but you can certainly do fundamental research with cryptocurrency, both technical & economic, and make a reasoned call. They look like "coins" to you because you don't research the space, which is fine. Never invest in what you don't fundamentally understand & do your own research are both solid cliches.

Which is utterly pointless when they rise and fall 50% week on week.

[x5x3]

p1stonhead said:

DrSteveBrule said:

x5x3 said:

Behemoth said:

BTC had its year lows in mid January in 2015, 2016, 2017. Might that be a pattern? Maybe, maybe not, but it's great timing for the city bonus season

I've seen some interesting discussions whether these annual January dips are related to profit taking in the East to spend on the Lunar New Year celebrations.

https://www.reddit.com/r/CryptoCurrency/comments/7qqfcz/everybody_relax_heres_the_reason_for_the_dip_and/?utm_source=reddit-android

What drivel

thanks for your considered and expert opinion.....

[Behemoth]

p1stonhead said:

Which is utterly pointless when they rise and fall 50% week on week.

Not at all. Volatility is a known and fully expected.

[Badda]

Behemoth said:

p1stonhead said:

Which is utterly pointless when they rise and fall 50% week on week.

Not at all. Volatility is a known and fully expected.

There seem to be absolutely no negatives.

[p1stonhead]

Behemoth said:

p1stonhead said:

Which is utterly pointless when they rise and fall 50% week on week.

Not at all. Volatility is a known and fully expected.

Whats your end game then? If you expect the volatility (which means no one will accept them as direct payment), what do you aim to do with your currencies?

I was under the impression most thought the volatility was a temporary unexpected blip.

[anonymous-user]

Badda said:

There seem to be absolutely no negatives.

This is because all the investors have a 6th sense of knowing when to buy a coin just before it increases 50% in a day and when to sell before it falls 50% as they have done their research and know which coins are "undervalued"

Still think the majority of people who put money into this in the last 6 weeks will have lost money.

[Behemoth]

p1stonhead said:

Whats your end game then? If you expect the volatility (which means no one will accept them as direct payment), what do you aim to do with your currencies?

I was under the impression most thought the volatility was a temporary unexpected blip.

Of course this isn't what a currency ultimately needs but all the technology & politics are nascent and emerging. It's to be expected. "Temporary" is a number of years. Most people expect too much progress in a year but underestimate what happens in 10. Most may think volatility is an unexpected blip because they don't contemplate the many technical challenges and economic & political battles that lie ahead. There will be times of rapid ascent, even sharper drops and periods in between of relative calm. This has always been the norm for BTC and the rest & will continue like this for the foreseeable.

[Badda]

Behemoth said:

There will be times of rapid ascent, even sharper drops and periods in between of relative calm. This has always been the norm for BTC

That's not true though. This past year has been the dramatic stuff.

[Behemoth]

Badda said:

That's not true though. This past year has been the dramatic stuff.

It's very true. You haven't looked closely enough / weren't there

[Badda]

Behemoth said:

Badda said:

That's not true though. This past year has been the dramatic stuff.

It's very true. You haven't looked closely enough / weren't there

You said the norm for bitcoin is rapid ascent, even sharper drops and periods in between of relative calm.

This graph goes back 8 years. Please show on it your claims as I only see one brief rise 4 years ago which then crashed.



In other words you're making it up to suit what's happening now.

[Behemoth]

Badda said:

You said the norm for bitcoin is rapid ascent, even sharper drops and periods in between of relative calm.

This graph goes back 8 years. Please show on it your claims as I only see one brief rise 4 years ago which then crashed.

In other words you're making it up to suit what's happening now.

fyi the y-axis scales. I'm not going to teach the playground stuff.

[Guvernator]

Will a ban in China effect exchanges like Binance etc? If so that will be a huge blow.

Also like I said a few pages ago, other countries are also talking about implementing a ban too. Governments and the big banks don't like it and they'll probably all be thinking of ways to nullify the threat. Never mind the dips, this will be the biggest threat to cyrtocurrency in the next few years.

[Badda]

Behemoth said:

Badda said:

You said the norm for bitcoin is rapid ascent, even sharper drops and periods in between of relative calm.

This graph goes back 8 years. Please show on it your claims as I only see one brief rise 4 years ago which then crashed.

In other words you're making it up to suit what's happening now.

fyi the y-axis scales. I'm not going to teach the playground stuff.

I know it looks flat doesn't it! That's because the price has never risen anywhere remotely as high as this before in 8 years. Kind of my point really.

What has happened over the last 12 months is absolutely NOT the norm for bitcoin so please stop pretending it is.

[p1stonhead]

Badda said:

Behemoth said:

Badda said:

You said the norm for bitcoin is rapid ascent, even sharper drops and periods in between of relative calm.

This graph goes back 8 years. Please show on it your claims as I only see one brief rise 4 years ago which then crashed.

In other words you're making it up to suit what's happening now.

fyi the y-axis scales. I'm not going to teach the playground stuff.

I know it looks flat doesn't it! That's because the price has never risen anywhere remotely as high as this before in 8 years. Kind of my point really.

What has happened over the last 12 months is absolutely NOT the norm for bitcoin so please stop pretending it is.

On an overall dollar value no, but it has risen the same sort of percentages from a proportionate bottom before IIRC.

[Badda]

p1stonhead said:

Badda said:

Behemoth said:

Badda said:

You said the norm for bitcoin is rapid ascent, even sharper drops and periods in between of relative calm.

This graph goes back 8 years. Please show on it your claims as I only see one brief rise 4 years ago which then crashed.

In other words you're making it up to suit what's happening now.

fyi the y-axis scales. I'm not going to teach the playground stuff.

I know it looks flat doesn't it! That's because the price has never risen anywhere remotely as high as this before in 8 years. Kind of my point really.

What has happened over the last 12 months is absolutely NOT the norm for bitcoin so please stop pretending it is.

On an overall dollar value no, but it has risen the same sort of percentages from a proportionate bottom before IIRC.

1000% in a year?

[Badda]

p1stonhead said:

Badda said:

p1stonhead said:

Badda said:

Behemoth said:

Badda said:

You said the norm for bitcoin is rapid ascent, even sharper drops and periods in between of relative calm.

This graph goes back 8 years. Please show on it your claims as I only see one brief rise 4 years ago which then crashed.

In other words you're making it up to suit what's happening now.

fyi the y-axis scales. I'm not going to teach the playground stuff.

I know it looks flat doesn't it! That's because the price has never risen anywhere remotely as high as this before in 8 years. Kind of my point really.

What has happened over the last 12 months is absolutely NOT the norm for bitcoin so please stop pretending it is.

On an overall dollar value no, but it has risen the same sort of percentages from a proportionate bottom before IIRC.

1000% in a year?

It went from $15 in Dec 12 to $1000 in Dec 13.

Yeah that was the one I mentioned when I posted the graph. Twice in 8 years isn't really 'the norm' though IMO.

[anonymous-user]

So was that brief recovery just a dead cat bounce?