Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Lanx
<Prior Amod>
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MATIC is an interesting proposition right now. It's simply not exploding like it was. It's hard to say what it's going to do.
I'm hearing lots of chatter on social media (which is usually over bullish)...even from usually positive (overly positive, overly bullish) youtubers that signs are pointing to another correction even after the correction we just had. Not sure what to make of it.
Bullshit? FUD? Grain of truth?
I'm hearing lots of chatter on social media (which is usually over bullish)...even from usually positive (overly positive, overly bullish) youtubers that signs are pointing to another correction even after the correction we just had. Not sure what to make of it.
Bullshit? FUD? Grain of truth?
Arden
Blackwing Lair Raider
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If you believe the conspiracy theories, this kind of chatter would indicate that the whales are in an accumulation phase and want to keep prices down as they accumulate. If that's the case, the next big move will be a parabolic move upwards. That's if you believe the conspiracy theories though...
It honestly feels very bullish to me right now. I feel like the tax threats have simply given more legitimacy to crypto. Seems even the Government is coming around to the fact that crypto is here to stay. Add to that the recent interview with David Rubenstein during which he literally says "crypto is here to stay" and indicates that he is invested in crypto himself. If you know who David Rubinstein is you know that's a huge deal.
Of course, now that I'm saying all this the market's going to crash and prove me wrong.
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Eh. I guess at the end of the day, who the hell knows. I reckon you can try to read palms and sticks and shapes of clouds all day on this stuff and still be 50 percent correct. I want to see what Asia does this evening.
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Well, first, the reporting requirement only makes any difference to you at all if you're cheating on your taxes...
Second, this same thing was proposed and set to take place under Trump. When Biden came in he blanket cancelled everything of Trump's for attention, and now realizes he needs to re-instate this.
Making this mostly a non-event.
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Nester
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What comes next is a Hack.
Someone is going to lose or claim to lose about half a billion due to shady shit.
News stories will be about hacking and ransomware and how decentralized means unsafe, which will erode confidence.
This has all happened before.
To the newbies - MT. GOX gonna give it to ya.
www.wired.com
This hack was $460mm stolen, @ 2014 bitcoin price. in 2021 BTC high dollars? $54 Billion.
Someone is going to lose or claim to lose about half a billion due to shady shit.
News stories will be about hacking and ransomware and how decentralized means unsafe, which will erode confidence.
This has all happened before.
To the newbies - MT. GOX gonna give it to ya.
The Inside Story of Mt. Gox, Bitcoin's $460 Million Disaster
Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy last week, saying hackers had stolen the equivalent of $460 million from its online coffers. The news rocked the bitcoin world, and it could even bring down the much-hyped digital currency.
This hack was $460mm stolen, @ 2014 bitcoin price. in 2021 BTC high dollars? $54 Billion.
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Nester
Vyemm Raider
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And if your an American.
Biden is giving a competitive advantage to the rest of the world! (who cheat on taxes that is)
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James
Ahn'Qiraj Raider
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What comes next is a Hack.
Someone is going to lose or claim to lose about half a billion due to shady shit.
News stories will be about hacking and ransomware and how decentralized means unsafe, which will erode confidence.
This has all happened before.
To the newbies - MT. GOX gonna give it to ya.
The Inside Story of Mt. Gox, Bitcoin's $460 Million Disaster
Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy last week, saying hackers had stolen the equivalent of $460 million from its online coffers. The news rocked the bitcoin world, and it could even bring down the much-hyped digital currency.
This hack was $460mm stolen, @ 2014 bitcoin price. in 2021 BTC high dollars? $54 Billion.
Yes you can read all about them at: Rekt - Home
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Looks like Asia is waking up and smashing the buy button. I was working on some stuff and watching my laptop, and I saw it shoot from 39800ish to 41300 in a flash.
Sanrith Descartes
Von Clippowicz
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MT GOX was the ultimate rags to riches to rags story. Goes from Magic the Gathering Online Xchange (Mt Gox) to crypto exchange worth bazillions to "suxxor, we gots haxxor".What comes next is a Hack.
Someone is going to lose or claim to lose about half a billion due to shady shit.
News stories will be about hacking and ransomware and how decentralized means unsafe, which will erode confidence.
This has all happened before.
To the newbies - MT. GOX gonna give it to ya.
The Inside Story of Mt. Gox, Bitcoin's $460 Million Disaster
Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy last week, saying hackers had stolen the equivalent of $460 million from its online coffers. The news rocked the bitcoin world, and it could even bring down the much-hyped digital currency.
This hack was $460mm stolen, @ 2014 bitcoin price. in 2021 BTC high dollars? $54 Billion.
Rajaah
Honorable Member
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Rajaah
Honorable Member
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Yeah, it's pretty rough. One of the ten commandments of investing is "never invest more than you can afford to lose". Might even be the very first commandment. Second being "don't panic-sell on a dip".
I think the decrease is probably entirely attributable to external factors. I was hyper-focused during the 2008 test. The 2018 test I was distracted, hadn't slept as much, and rushed through portions of it because I had appointments later in the morning (these things take like 3 hours). In other words I think I over-performed in 2008 and under-performed in 2018.
Arden
Blackwing Lair Raider
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I'm thinking this IQ test was administered after sending in a coupon he clipped out of the back of thrift store graphic novel. Or maybe a Facebook ad...
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Rajaah
Honorable Member
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I really like what I'm seeing from TrueBit. Other potential big-leapers that I've been reading about are Quickswap and INJ, impressed so far. I wish I had more to go around so I could get a decent slice of some of these things that have barely scratched the surface of their potential yet.