Crypto Currency Thread

Author
Discussion

dimots

810 posts

26 months

Wednesday 5th December
quotequote all
Joey Deacon said:
Ethereum about to drop below $100?

Current cap for Crypto is $121.5 Billion, think we will see $100 Billion by new year?
I would think so! I think it is good news overall, I feel like the hype and over-valuing of ‘crypto’ (I personally only have any interest in bitcoin) holds it back from being able to take risks and develop as it should. I would like btc scaling solutions and more user friendly applications to be developed before the next boom cycle. I think 2019 will be an interesting year.

Joey Deacon

1,287 posts

112 months

Wednesday 5th December
quotequote all
For those of us that have forgotten December 2017, here are the values of coins then and now.

Bitcoin Cash : Was $4089 now $134
Bitcoin : Was $19535 now $3776
Ripple : Was $3.32 now $0.33
Ethereum : Was $1389 now $104
Litecoin : Was $366 now $29
TRON : Was $0.254 now $0.014
FUN : Was $0.185 now $0.004541

So as a percentage it appears that Bitcoin is the least worst performer. Still not good news if you got in $19.5k

I say it is a load of old nonsense, but trust me if it falls to $100 I will be buying a few.

DanGPR

911 posts

107 months

Wednesday 5th December
quotequote all
Joey Deacon said:
For those of us that have forgotten December 2017, here are the values of coins then and now.

Bitcoin Cash : Was $4089 now $134
Bitcoin : Was $19535 now $3776
Ripple : Was $3.32 now $0.33
Ethereum : Was $1389 now $104
Litecoin : Was $366 now $29
TRON : Was $0.254 now $0.014
FUN : Was $0.185 now $0.004541

So as a percentage it appears that Bitcoin is the least worst performer. Still not good news if you got in $19.5k

I say it is a load of old nonsense, but trust me if it falls to $100 I will be buying a few.
Almost certain it will not reach $1000, let alone $100. Feel free to quote me on this.

The scam coins with no substance and dev team behind them need to find their value (ie. nothing), before anything positive can happen.

DonkeyApple

31,667 posts

105 months

Wednesday 5th December
quotequote all
dimots said:
Except this applies equally to your insistence the debt be settled in dollars because it was on dollar value.
Actually, I said something else. Currencies. Betting. Reading.

What happened to that detailed process that was going to justify your logic re settling in local currency?

The whole bet is sad but the lack of comprehension from people trying to be authorities in financial instruments is plain embarrassing.

dimots

810 posts

26 months

Wednesday 5th December
quotequote all
DonkeyApple said:
Actually, I said something else. Currencies. Betting. Reading.

What happened to that detailed process that was going to justify your logic re settling in local currency?

The whole bet is sad but the lack of comprehension from people trying to be authorities in financial instruments is plain embarrassing.
I can’t work out if you have a point to make that you simply can’t communicate or if you are just mental?

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rufusgti

1,798 posts

128 months

Wednesday 5th December
quotequote all
What's embarrassing Donkey is the absolute insistency by yourself and others that Dimots is sherking from his word while James is absolutely, clearly and blatantly doing just that without anyone pulling him on it.
Because what? Because BTC has fallen in price you just pounce on anyone who is in the game?? Relentlessly. Dimots is still here, still offering to make good on his word. Why are you heckling him? Really, why? Are you that angry at bitcoin?

You do realize surely that BTC hasn't been around for 12 months. Most people I know in BTC have been in it for a few years. £3k BTC is still a dream come true for many, many people. Because it went a bit mad last year people seem to be getting angry about it. It's super strange. Yes people got burned, yes it's unregulated. Chill out though, all markets go mental eventually. It's ok. We're all adults here right?

DonkeyApple

31,667 posts

105 months

Wednesday 5th December
quotequote all
Again, not something that I have said. I’ve taken no part in the shirking episode. All I’ve done is tried to explain why settlement would be in USD or local and not in BTC.

I’m also fully aware of how long BTC has been around for. Which is handy when you make a book in it. wink

And I’ve also been around long enough to know a punter’s market when I see one, that almost everyone loses, that almost everyone lies about their losses and that when the bubble bursts the leading authorities keep blathering on about how value suddenly isn’t important.

I think I’ve been quite clear on my view on cryptos from day 1. Only the other day I reiterated the view that we might be mostly past the point of the bullst punters and niaive spivs and be moving forward to establishing what commercial values the concepts have.

The fact that almost everyone who took part in the bubble phase is an idiot. As they always are in these bubbles is just moot. If people feel that I consider them one of those idiots then there is a good chance that unlike their BTC mega bucks predictions they are probably right. smile

Edited by DonkeyApple on Wednesday 5th December 18:32

selmahoose

3,275 posts

47 months

Wednesday 5th December
quotequote all
dimots said:
James_B said:
English not your thing either? If I said I had a sofa free to anyone who wanted it would you think it meant multiple sofas?

I’ve still not received a pm off either, which we need, so hopefully they’ll respond soon and we can confirm the details. You’ve already said you’re Welching on the USD aspect so Ibthink my money’s safe, but whichever way it goes I’ll not be responding to you again.
You don't seem to understand the meaning of welching.

You offered the bet to everyone.

You are a weasel. I knew it biggrin
Of course he's a feckin' weasel. You only have to read his weaselly posts either as James B or the previous incarnation 'Northern Boy' to know that.

So here's my take on what's happened to date:

You made a bet re. BTC price with Condi which imminently matures and which it is highly likely you'll lose.

Condi does not appear to give a toot as to whether it's settled in BTC , dollars, euros, sterling or anything else. Nor does he appear to need any real or imaginary safeguards. He simply wants the straightforward terms of the bet honoured.

Up pops The Weasel.

The Weasel makes an open bet to all comers against you honouring your bet. The bet is uptaken by several including myself (and is of course takeable by anyone else interested in an easy payday).

The Weasel realises that he's potentially in for a serious loss especially if word gets round the forum and even beyond. Now this is a weasel very probably in straitened circumstances and panic sets in.

Then he's offered a lifeline.

Someone (not me) offers to take the bet at £1000. But of course The Weasel has no confidence in his own bet, so that offer gets ignored. And I come up with a similar idea of the stake but with the added bonus of the winnings going to charity. So The Weasel has the opportunity to make his favourite charity a bag of sand for Xmas, PLUS even when he loses, make MY favourite charity that bag.

Guess weasels just ain't that charitable, eh?

Next, realising that even the paltry £100 bets are biting off more than he can chew, the serious weaselling begins.

Previously unvoiced 'conditions' start popping up. Needs emails. Needs real-world identities. Needs handshakes at face to face meetings. Needs a whole assortment of assurances and fulfilled riders - but why isn't clear, other than to try to make some credible explanation for his eventual welching on the very simple bet.

Well.

To me its all weasel bullst. To me this is really a very simple matter. To me, here's what happens:

The day of the crypto bet comes.

You either honour it or dishonour it.

Condi vouches his receipt.

The weasel then either pays up as "promised" or welches. Personally in the same way I believe you'll pay up, I have the feeling he won't.

If he pays up, my fave charity will benefit (tho' obviously not from £1000) from this mugs foolish inability to judge character.

And if he doesn't pay up, his weaselry will be announced loud and clear for all to know.

Which won't bother this particular James B weasel in the slightest, because he knows he's a weasel and he knows he's known as a weasel, so what difference to him or anybody else does one more example of his weaselness make to anyone or anything?

Mate, if he wasn't a weasel he wouldn't have made the bet he made in the first place.


(of course for all this weasel and any other woodwork cockroaches know you bought your btc for tuppence ha'penny which leaves you in a pretty enviable position compared to the many who didn't have the insight/good sense/luck/bravado/sense of fun/etc etc to even take a stake in it at all).


Edited by selmahoose on Wednesday 5th December 19:36

rufusgti

1,798 posts

128 months

Wednesday 5th December
quotequote all
DonkeyApple said:
Again, not something that I have said. I’ve taken no part in the shirking episode. All I’ve done is tried to explain why settlement would be in USD or local and not in BTC.

I’m also fully aware of how long BTC has been around for. Which is handy when you make a book in it. wink

And I’ve also been around long enough to know a punter’s market when I see one, that almost everyone loses, that almost everyone lies about their losses and that when the bubble bursts the leading authorities keep blathering on about how value suddenly isn’t important.

I think I’ve been quite clear on my view on cryptos from day 1. Only the other day I reiterated the view that we might be mostly past the point of the bullst punters and niaive spivs and be moving forward to establishing what commercial values the concepts have.

The fact that almost everyone who took part in the bubble phase is an idiot. As they always are in these bubbles is just moot. If people feel that I consider them one of those idiots then there is a good chance that unlike their BTC mega bucks predictions they are probably right. smile

Edited by DonkeyApple on Wednesday 5th December 18:32
I don't think our opinions of the crypto market are that far apart. I wouldn't go as far to say anyone in the bubble phase was an idiot. I'd count the bubble phase (the last one) as the whole of 2017, and some "idiots" did extremely well and got out with enormous gains. Where do you draw the line and say these people did well, and these people are idiots? When in actual fact they were all, and I agree with you on " taking a punt".




Oakey

23,498 posts

152 months

With exactly one week to go the current price is $3356, exactly half the BTC price when the original bet was made. This is all very exciting.

Joey Deacon

1,287 posts

112 months

dimots said:
Joey Deacon said:
Ethereum about to drop below $100?

Current cap for Crypto is $121.5 Billion, think we will see $100 Billion by new year?
I would think so! I think it is good news overall, I feel like the hype and over-valuing of ‘crypto’ (I personally only have any interest in bitcoin) holds it back from being able to take risks and develop as it should. I would like btc scaling solutions and more user friendly applications to be developed before the next boom cycle. I think 2019 will be an interesting year.
Ethereum at $85, can I change my estimate of a $100 billion market cap to Monday please?

BTC $3000 by Monday too?

p1stonhead

16,916 posts

103 months

Joey Deacon said:
dimots said:
Joey Deacon said:
Ethereum about to drop below $100?

Current cap for Crypto is $121.5 Billion, think we will see $100 Billion by new year?
I would think so! I think it is good news overall, I feel like the hype and over-valuing of ‘crypto’ (I personally only have any interest in bitcoin) holds it back from being able to take risks and develop as it should. I would like btc scaling solutions and more user friendly applications to be developed before the next boom cycle. I think 2019 will be an interesting year.
Ethereum at $85, can I change my estimate of a $100 billion market cap to Monday please?

BTC $3000 by Monday too?
Wheels finally coming off this worthless crap?

Lemming Train

742 posts

8 months

Dimots arse must be nipping. laugh

DonkeyApple

31,667 posts

105 months

I like this article. It is such complete mindless ste from deluded TA wizards who repeatedly and consistently try to deny the existence of the concept of fundamentals. smile

https://www.fxstreet.com/cryptocurrencies/news/bit...

Even for a professional history predictor this is a pretty impressive collection of meaningless garbage.

dimots

810 posts

26 months

I can't help thinking how funny it would be if I had to give Condi a whole bitcoin. I feel far more protective of bitcoins that I do of cash and they are harder to let go from an emotional perspective!

The most I can possibly lose is $6700 so not my arse is not 'nipping' whatever that means.

Oakey

23,498 posts

152 months

Can I have your cash now you're all in on BTC? biggrin

dimots

810 posts

26 months

Oakey said:
Can I have your cash now you're all in on BTC? biggrin
I'm very far from all in on btc biggrin

Oakey

23,498 posts

152 months

Did you buy your BTC, mine them or get them some other way, given them, etc (you said you never handed any personal details over earlier)?

dimots

810 posts

26 months

All of the above, but I don't have my mined coins any more...I lost them biggrin

I have given personal details to buy them on an exchange, and I have paid tax on bitcoin related profits, but I have also transacted with btc for the privacy benefits, I have sent and received btc using the changetip and tippr bots, and much more. It's an experiment at this stage but one which I firmly believe is making progress.

Scaling and usability should be priorities for 2019. Personally I wish the SEC/Exchange/Futures/Regulator noise would just stop.

DonkeyApple

31,667 posts

105 months

dimots said:
I can't help thinking how funny it would be if I had to give Condi a whole bitcoin. I feel far more protective of bitcoins that I do of cash and they are harder to let go from an emotional perspective!

The most I can possibly lose is $6700 so not my arse is not 'nipping' whatever that means.
I can’t help thinking how funny it is that you haven’t worked out yet why the bet would be settled in a real currency.

Surely this latest price action has given a clue? For example, if BTC were to price at zero USD how would you settle the difference?

I appreciate it is all moot but surely you do actually understand the basic mechanics involved?