Crypto Currency Thread
Discussion
Efbe said:
https://www.google.com/search?q=value+of+gold+over...
time frames are obviously completely different though
Thing is, with fractal random walk processes you can make any two data series look the same by choosing your time frame carefully and playing with the scales. time frames are obviously completely different though
NickCQ said:
Thing is, with fractal random walk processes you can make any two data series look the same by choosing your time frame carefully and playing with the scales.
Pirates vs global warming, for example.If I didn’t have some sort of moral compass I’d be selling spurious correlations like the above to the gullible.
James_B said:
Pirates vs global warming, for example.
That's quite a good one... I have to admit, the graph is compelling 
https://www.forbes.com/sites/erikaandersen/2012/03...
EddieSteadyGo said:
James_B said:
Pirates vs global warming, for example.
That's quite a good one... I have to admit, the graph is compelling https://www.forbes.com/sites/erikaandersen/2012/03...
Some good/useful resources linked below; money flow/news info etc I use regularly..
though not much use to anyone I guess in this piss take thread
Info; https://coinlib.io/global-crypto-charts?theme=dark...
News; https://cryptopanic.com
News; https://cryptoflash.io
Trade; https://data.bitcoinity.org/markets/books/USD (combined order books)
Trade; https://datamish.com/d/000000004/btcusd?refresh=20... (Longs v Shorts)
Trade; http://cryptotrading.toys/crypto-panel/?interval=2... > here ive setup the top 4 coins on 4hr but you can amend the coins/timeframe etc from the URL - saves paying for Trading view to see multiple charts (and more than 3 indicators!) at once..
Coin research; https://cryptomiso.com (GitHub commits by project - helps researching legitimacy of coins)
anyone have any other links of interest?
Any traders here? - anyone use MT5?
It’s not piss taking to highlight data manipulation.
The crypto world is no different from the penny share world. It’s full of deceit, lies and fraudulent activity. And like the penny share world, most participants are evangelically and oft, deliberately in denial. Normally because they’ve punted more than they can afford to lose.
The crypto world is no different from the penny share world. It’s full of deceit, lies and fraudulent activity. And like the penny share world, most participants are evangelically and oft, deliberately in denial. Normally because they’ve punted more than they can afford to lose.
DonkeyApple said:
It’s not piss taking to highlight data manipulation.
The crypto world is no different from the penny share world. It’s full of deceit, lies and fraudulent activity. And like the penny share world, most participants are evangelically and oft, deliberately in denial. Normally because they’ve punted more than they can afford to lose.
Totally agree, I would be very interested to see if anyone who got in over the last 8 months or so had actually made any profit at all. If they had made any money then it can only be down to buying and selling at the right time down to fluke.The crypto world is no different from the penny share world. It’s full of deceit, lies and fraudulent activity. And like the penny share world, most participants are evangelically and oft, deliberately in denial. Normally because they’ve punted more than they can afford to lose.
DonkeyApple said:
It’s not piss taking to highlight data manipulation.
The crypto world is no different from the penny share world. It’s full of deceit, lies and fraudulent activity. And like the penny share world, most participants are evangelically and oft, deliberately in denial. Normally because they’ve punted more than they can afford to lose.
didnt mean/single the pirate thing, just the general tone of the thread scanning around for anything of interest .. guessing its not the right place to discuss/share tips etc.The crypto world is no different from the penny share world. It’s full of deceit, lies and fraudulent activity. And like the penny share world, most participants are evangelically and oft, deliberately in denial. Normally because they’ve punted more than they can afford to lose.
maybe i'll stick to scanning the classifieds here instead
indeed there can be deceit in everything where money is concerned - nobody can say that no deceit, lies or fraudulent activity has ever taken place on a major FTSE listed stock! - or have the Serious Fraud Office had their feet up for years now?!
Crypto is no different than anything else.
.. there are plenty of cracking utility tokens out there with good and honest teams behind them working hard on their products - its not just about bitcoin, moonshots and false promises
CryptoSuperDave said:
top 4 coins on 4hr but you can amend the coins/timeframe etc from the URL - saves paying for Trading view to see multiple charts (and more than 3 indicators!) at once..
Coin research; https://cryptomiso.com (GitHub commits by project - helps researching legitimacy of coins)
anyone have any other links of interest?
Strikes me that if you can't afford the paltry $10/month for a trading view sub, maybe go find sthg more rewarding to do with your time.Coin research; https://cryptomiso.com (GitHub commits by project - helps researching legitimacy of coins)
anyone have any other links of interest?
A few books for the beach:
Nathaniel Popper's Digital Gold is an excellent journalist's history of the early days of Bitcoin https://www.amazon.co.uk/Digital-Gold-Untold-Story...
Saifedean Ammous' The Bitcoin Standard is an economist's tour de force on the economic theory underlying Bitcoin's invention & why it can succeed as a new worldwide asset https://www.amazon.co.uk/Bitcoin-Standard-Decentra...
Chris Burniske's Cryptoassets covers the basics of cryptocurrencies, their trading & business economics https://www.amazon.co.uk/Cryptoassets-Innovative-I...
The first two are available on Audible & if you don't have a subs for that, you get one book download free a month. Perfect for the flight/commute. https://www.audible.co.uk/
Behemoth said:
Strikes me that if you can't afford the paltry $10/month for a trading view sub, maybe go find sthg more rewarding to do with your time.
trading view only integrates with poloniex exchange at the moment - why pay for something that doesnt fully function?its a quick view that's useful. that's all
thanks for the links though!
DonkeyApple said:
It’s not piss taking to highlight data manipulation.
The crypto world is no different from the penny share world. It’s full of deceit, lies and fraudulent activity. And like the penny share world, most participants are evangelically and oft, deliberately in denial. Normally because they’ve punted more than they can afford to lose.
It's far worse than that. Penny shares don't attract any attention from anywhere. Crypto has the world's ear despite most of it being junk and enough precedents for people making vast sums from nothing to get them coming back time and again. The crypto world is no different from the penny share world. It’s full of deceit, lies and fraudulent activity. And like the penny share world, most participants are evangelically and oft, deliberately in denial. Normally because they’ve punted more than they can afford to lose.
All it requires is some common sense. That dog walking ICO is unlikely to change the world.
bloomen said:
It's far worse than that. Penny shares don't attract any attention from anywhere. Crypto has the world's ear despite most of it being junk and enough precedents for people making vast sums from nothing to get them coming back time and again.
All it requires is some common sense. That dog walking ICO is unlikely to change the world.
agreed common sense is required.. but can you blame people for wanting to invest in ico's?All it requires is some common sense. That dog walking ICO is unlikely to change the world.
traditionally the only investors in early to good companies were institutional investors with fast sums of money and the connections to get in.. and now its a level playing field. fk the old school. the future is a level playing field for all with currency that isnt controlled to deflate - maybe that's what isn't liked - how many of the 'bashers' out there are already considered 'loaded' ? probably a high percentage who don't want new money pulling up alongside them and putting their noses out of joint
Why wouldn't people want to look into some of these new and exciting projects and hopefully make some nice money? - or is it ok for institutional money to have a side bet like the "good ol' days" but not the normal folk?
who doesn't want to get in early with a hope of making some money to enjoy your life - isn't that all we all want? don't bash people for having a dream - but as always DYOR.
for info - tail end of last year i invested £300 into one ico. that ico I sold 10 weeks later for £10k - around the same timeframe I also bought a nice amount of ripple at $0.18 and sold at $2 when the coinbase BS was going on...(though think it peaked nearer $3? - its now at about 50cents) and yet with fiat..earlier last year I put £120k into the bank for 5 months waiting for a rental property purchase to go through, I didn't even make enough money from interest for a decent night out... though im sure the bankers had a few nice nights out from the money they made through fractional reserve banking on that.
Thesprucegoose said:
the thing is, icos making 20x gainz has long gone, everyone with half a brain knows that. The shark has definitely jumped on that. Tron was a recent one though, few and fair between now.
indeed and it was wrong of me to highlight the gains from icos as if it were std - although my last ico, which was after TRONs ico actually 50x'd to ATH not a paltry 20x - in hindsight it was a pump and dump (confirmed several days later) which was only lucky for me as i was already in, and i do feel sorry for those who lost out (i told a mate about this coin for months - but he finally FOMO'd in near ATH.. like wtf mate!... i felt bad for him (and slightly guilty for no reason) so already gave him 1/3 of my remaining stack that i didnt sell to bring him up to speed - thought thankfully i've made those coins back through trading.. either way i want him to get rich with me.. which this token will do for us both given time as its fking golden with a team delivering the goods ahead of the roadmap.. (you wont find it in top 100 coins.. yet.. and i wont shill/name it)- icos need to be researched - but in fairness there are many good ones out there - decent regulations are required and are welcomed.
im not trying to say buy crypto and ico's its all great.. the fact is 90% or more of the tokens/coins out there now are sh*t and will be dead in 2-3 years.. but crypto will not die and it will only grow for the right currency/good companies [eg utility tokens] - if you're in now your ahead of 98% of the worlds population and we can all enjoy in the years to come when the FOMO really hits.
if you cant be arsed to research then just stick with the big guns, BTC, BCH, ETH, ETC.. even LTC maybe.. def keep something in privacy coins - i still have a bit of mined Monero which i'll bag hold for some time.
Cardano looking good as well - S.Korea seems to love it!
Edited by CryptoSuperDave on Friday 20th July 23:02
CryptoSuperDave said:
but can you blame people for wanting to invest in ico's?
Yes. Almost every single one without exception is empty and stupid. It's insulting to real companies to compare them. They have no product, no prospect of earnings, they're all solutions looking for problems that don't exist.
If you can get in and out quick enough then great. The only thing that allows that is the mindless froth still present. I'm really surprised it's held up as well as it has.
And something like XRP is getting on for 15 years old. STILL hasn't achieved one single thing yet is still in the billions of market cap. It's astounding to me.
bloomen said:
Yes.
Almost every single one without exception is empty and stupid. It's insulting to real companies to compare them. They have no product, no prospect of earnings, they're all solutions looking for problems that don't exist.
If you can get in and out quick enough then great. The only thing that allows that is the mindless froth still present. I'm really surprised it's held up as well as it has.
And something like XRP is getting on for 15 years old. STILL hasn't achieved one single thing yet is still in the billions of market cap. It's astounding to me.
i'd says its pretty insulting to a number of these startups to say they aren't real companies.Almost every single one without exception is empty and stupid. It's insulting to real companies to compare them. They have no product, no prospect of earnings, they're all solutions looking for problems that don't exist.
If you can get in and out quick enough then great. The only thing that allows that is the mindless froth still present. I'm really surprised it's held up as well as it has.
And something like XRP is getting on for 15 years old. STILL hasn't achieved one single thing yet is still in the billions of market cap. It's astounding to me.
if people cant spend the time researching their investment, the product and the team behind it and staying upto date with that speculative investment then yes they will get burnt..
there are good ico's and bad ones out there, just like there's good and bad options for every investment - how many startups succeed (away from Crypto) - ? not very many, so anyone thinking a crypto project would be any different is deluded but you cant tar it all as bad - regulations will come and it will be good, but for now people need to take responsibility for their own choices.
I posted before but a lot of icos were actually profitless. When you compared it against holding BTC or eth. This also seems to fund the frenzy.
An ICO is generally the biggest scam going. Take payment in BTC and eth, issue coins, hold a large portion back.
You, the issuer has doubled there money overnight with zero risk.
A lot of these icos don't need the 10s of millions, they are run on shoestrings. I think organised crime is behind a lot of them, as they follow the same identical format. White paper with suprious claims, a spattering of backers with important titles, a massive advertising campaign. Rinse and repeat.
The dilemma is these are actually driving the price and volume increases.
All this is nothing new, it is the oldest scam known to man.
An ICO is generally the biggest scam going. Take payment in BTC and eth, issue coins, hold a large portion back.
You, the issuer has doubled there money overnight with zero risk.
A lot of these icos don't need the 10s of millions, they are run on shoestrings. I think organised crime is behind a lot of them, as they follow the same identical format. White paper with suprious claims, a spattering of backers with important titles, a massive advertising campaign. Rinse and repeat.
The dilemma is these are actually driving the price and volume increases.
All this is nothing new, it is the oldest scam known to man.
Edited by Thesprucegoose on Saturday 21st July 08:47
CryptoSuperDave said:
bloomen said:
It's far worse than that. Penny shares don't attract any attention from anywhere. Crypto has the world's ear despite most of it being junk and enough precedents for people making vast sums from nothing to get them coming back time and again.
All it requires is some common sense. That dog walking ICO is unlikely to change the world.
agreed common sense is required.. but can you blame people for wanting to invest in ico's?All it requires is some common sense. That dog walking ICO is unlikely to change the world.
traditionally the only investors in early to good companies were institutional investors with fast sums of money and the connections to get in.. and now its a level playing field. fk the old school. the future is a level playing field for all with currency that isnt controlled to deflate - maybe that's what isn't liked - how many of the 'bashers' out there are already considered 'loaded' ? probably a high percentage who don't want new money pulling up alongside them and putting their noses out of joint
Why wouldn't people want to look into some of these new and exciting projects and hopefully make some nice money? - or is it ok for institutional money to have a side bet like the "good ol' days" but not the normal folk?
who doesn't want to get in early with a hope of making some money to enjoy your life - isn't that all we all want? don't bash people for having a dream - but as always DYOR.
for info - tail end of last year i invested £300 into one ico. that ico I sold 10 weeks later for £10k - around the same timeframe I also bought a nice amount of ripple at $0.18 and sold at $2 when the coinbase BS was going on...(though think it peaked nearer $3? - its now at about 50cents) and yet with fiat..earlier last year I put £120k into the bank for 5 months waiting for a rental property purchase to go through, I didn't even make enough money from interest for a decent night out... though im sure the bankers had a few nice nights out from the money they made through fractional reserve banking on that.
If you had 120k siting around why not pile that into crypto and become a millionaire? If you leave in in a safe bank account then it's not going to be making any interest, that's your financial decision not the banks.
I put any spare cash I have into funds hence I make way more then I do in a bank account (around 25- 30% last year).
CryptoSuperDave said:
the irony being Ethereum was crowdfunded and didnt have a working product for 18months either...
Yes but eth is a hell of lot more than an ICO token. We are not talking about crowdfunding here we are talking about icos that are basically worthless Pokémon cards collectef by suckers in the hope of some returns someday. I've seen hundreds of icos follow the same pattern, the only winners are the exchanges, the token issuers and a few thousands punters. Some icos are valid but the vast majority are no more than penny shares scams. Watch the wolf of wall Street to get a better idea.
You have also fallen for the biggest gamblers fallacy going, just because you made money doesn't mean you you will again. You got lucky. I've made money buying random s
t coins and watching them rise. I actually just choose at random. But I know I am not skilled.98elise said:
All that money you are "making" is coming from the next person hoping that they will go higher. No value has been created, only the next persons money coming in. What happened to all the money people piled in around December?
If you had 120k siting around why not pile that into crypto and become a millionaire? If you leave in in a safe bank account then it's not going to be making any interest, that's your financial decision not the banks.
I put any spare cash I have into funds hence I make way more then I do in a bank account (around 25- 30% last year).
im not speculating with money I need (sale profits from one mortgaged rental property waiting to buy another smaller property outright).. I could have gambled (and with hindsight won) but I put money in Crypto with amounts that I am prepared to lose, as should anyone.If you had 120k siting around why not pile that into crypto and become a millionaire? If you leave in in a safe bank account then it's not going to be making any interest, that's your financial decision not the banks.
I put any spare cash I have into funds hence I make way more then I do in a bank account (around 25- 30% last year).
- Nice returns on your fund though congrats
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