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  1. #601
    I still can't afford a house.

    I'm around 1% of the way there.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  2. #602
    what can i say , its been a nice couple of months .

    Kraken balance is now £6k above the total that I invested originally without considering the value of exodus and binance balances.

    Waiting for ada to spark back to reach news highs. hopefully soon as DEXs start to launch and the plutus application backend is released allowing a lot of the projects waiting to deploy.

    currently mining ETH to a different pool and getting paid in bitcoin every other day to avoid the horrendous gas fees. before i was mining and getting paid once a month which cost $3-5 . last payment cost $0.05 on bitcoin. Once its in bitcoin i have the option to sell it and swap into another coin
  3. #603
    I think that cryptocurrency is a great way to make money these days. I think that many people still underestimate the opportunities to make money easily. However, one must not forget about the big risks in this business ...
  4. #604
    Quote Originally Posted by mosss45 View Post
    I think that #keyword# is a great way to make money these days. I think that many people still underestimate the opportunities to make money easily. However, one must not forget about the big risks in this business ...
    is it cynical to apply that amendment as a bot post
  5. #605
    lol safesun is down 40% today but I've traded a 40% profit in the volatility.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  6. #606
    Quote Originally Posted by Keith View Post
    is it cynical to apply that amendment as a bot post
    Maybe.

    edit - keith read the mod edit, it's probably best I don't leave what I said public as it gives people ideas!
    Last edited by Keith; 11-10-2021 at 06:48 PM. Reason: read the edited mod reply
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  7. #607
    Quote Originally Posted by OngBonga View Post
    lol safesun is down 40% today but I've traded a 40% profit in the volatility.
    Adding to this... the value of safesun has halved in five days, and during this time I've doubled my stack. Funny really, whatever it loses I gain. Problem of course is I'm not actually making any money unless the coin recovers.

    Why the fuck do I even bother with this shitcoin? I like the coin because it's very low liquidity, low volume but not completely dead, it's easy to sell coins and buy back cheaper. I've made a decent amount of money from this coin, even though the coin itself performs terribly. I think I'm past $500 in profit, which has mostly been spread over better coins like SOL and LINK.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  8. #608
    oskar's Avatar
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    in ur accounts... confiscating ur funz
    Quote Originally Posted by OngBonga View Post
    I still can't afford a house.

    I'm around 1% of the way there.
    That percentage depends heavily on how much you can stretch your definition of what a house is.
    The strengh of a hero is defined by the weakness of his villains.
  9. #609
    Ok let me define what "house" means in this context.

    Somewhere I can live comfortably for the rest of my life, if necessary. We're probably looking at £200k, though £150k at least gets me on the property ladder in a semi-nice property. Anything less than that, might as well rent.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  10. #610
    oskar's Avatar
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    in ur accounts... confiscating ur funz
    Have you considered Budget Venice?

    The strengh of a hero is defined by the weakness of his villains.
  11. #611
    Quote Originally Posted by Keith View Post
    is it cynical to apply that amendment as a bot post
    And hes gone ....casino link came in hidden behind a WSOP link
  12. #612
    I never understood the full value of cryptocurrencies. In addition, the cryptocurrency is not backed by gold. Although bought bitcoins, I only invested a little money.
  13. #613
    MadMojoMonkey's Avatar
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    Most of the world's currencies are tied to the value of the US dollar, and the US dollar hasn't been on the gold standard since forever.
    You can find any pattern you want to any level of precision you want, if you're prepared to ignore enough data.
  14. #614
    lol he's just making nonsense posts so he can post links in the near future. Keith will ban him within a week.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  15. #615
    sweepstakes for how long before first post and bannable post for new users for the degenerate gamblers here ? lol
  16. #616
    I just saw a bot sell 15+ AVAX at a 10% loss, we're talking a $200 ish loss. I don't know why that feels so good seeing as I didn't buy his coins, but it does feel like a win. Fuck the bots.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  17. #617
    Quote Originally Posted by terrysmithh54 View Post
    I never understood the full value of cryptocurrencies. In addition, the cryptocurrency is not backed by gold. Although bought bitcoins, I only invested a little money.
    Definitely not, bitcoin has much more in common with gold than any conventional money. Bitcoin, like gold, is a limited resource. The world's physical gold market is valued at $ 2.6 trillion today, including assets held in gold ETFs, according to JPMorgan research. Of course, the cryptocurrency sector is dozens of times smaller, but bitcoin also has a limited supply of coins, which makes it as scarce as the precious metal. Therefore, both gold and bitcoin can be used to store savings from inflation. For example, companies like MicroStrategy and Mode have already invested some of their profits in bitcoin. Business representatives see cryptocurrencies as an alternative way to protect assets from dollar inflation.
  18. #618
    Of course, the cryptocurrency sector is dozens of times smaller
    Not quite. Bitcoin alone is worth around a third of the market cap of gold.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  19. #619
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  20. #620
    You'll have to click the image to read it.

    Context - Do Kwon is the founder of $LUNA (terra), and here he's calling someone retarded for detailing in November 2021 how a wealthy attacker could bring down the coin, making a fortune in the process.

    Guess what happened? Luna got attacked. Two days ago it was trading at around $65, today it dipped to $0.70 and is currently trading at $1.13. Someone (BlackRock and Citadel hedge fund managers allegedly) has made an awful lot of money, around $800m by some estimates (citation needed), while lots of regular people have seen investments wiped out. I'm in no doubt this has caused suicides.

    Fucking brutal day for crypto, one that will live long in the memory of those who witnessed it.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  21. #621
    Quote Originally Posted by OngBonga View Post
    (BlackRock and Citadel hedge fund managers allegedly)
    probably not, relative to the reputational hit, this is chump change to them.



    Fucking brutal day for crypto, one that will live long in the memory of those who witnessed it.
    attention spans are short, people forget that bitcoin halved from 60k to 30k twice in the last year

    I'm in no doubt this has caused suicides.
    What actions on scale don't result in blood? I don't mean this dismissively, but people focus on one event and want to wag their fingers. But you can't build a fucking bridge without a very real risk of someone dying.
    You-- yes, you-- you're a cunt.
  22. #622
    $800m isn't really chump change to anyone, but I'm aware it's wild Twitter speculation.

    What isn't speculation is that this kind of attack requires a lot of capital to pull off. This isn't chump crime either. This is hugely wealthy and extremely intelligent people exploiting flaws in crypto ecosystems. I don't know what happened, the November warning tweets might as well have been in French for all the sense it made to me, but this was foreseen.

    This isn't just any crypto crash event, people won't forget this. This is, quite possibly, the most significant event in the history of crypto since bitcoin was created. What we just witnessed is the zeroing of a top ten coin. We saw a "stable" coin depegged and that too is on its way to zero. This hasn't happened before, not on this scale. The knock-on effect this has on confidence is huge. I'm thinking of bailing on my coins and going all in on $ETH for the simple reason I actually use $ETH for not-trading purposes, meaning it has value to me even if it crashes. If I don't use a coin, do I really want to risk being left holding a big bag of dicks? That's what $LUNA holders have right now. A big bag of dicks.

    What actions on scale don't result in blood? I don't mean this dismissively, but people focus on one event and want to wag their fingers.
    I was talking about this with my buddy. I asked him if he made $800m would he care about the suicides? We both agreed we very probably wouldn't care if we didn't know about them specifically.

    I'm not sure the attackers have done anything illegal. It's easy to say it's immoral, because it fucking is, but nobody is obliged to behave in line with common morality. That's what law is for. If they didn't break any laws, it's hard to not have a massive dose of respect for what they did, even if it did ruin the lives of lots of people.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  23. #623
    Yeah, you make some good points regarding the significance.

    Not sure why you're conflating morality with legality.

    The fact is, all complex systems can be gamed. The job of the system architect(s) is to design such that the gaming of the system does not overwhelm or break the system. It's a balancing act though, because mitigating measures also can break a system.
    You-- yes, you-- you're a cunt.
  24. #624
    Well we're kind of at the point in computing evolution where not all complex systems can be gamed. Cryptocurrency is part of this evolution. I think bitcoin is flawed in that it can be brought down by a 51% attack, but good luck acquiring 51% of bitcoin, and if you do, why the hell would you want to set it on fire? I think that's bitcoin's only security vulnerability, which is ludicrously low risk.

    This event is basically human error. This kind of attack wasn't foreseen when developing the ecosystem. Or maybe it was seen and that made it an excellent opportunity for a scam. The entire coin from launch might have been an elaborate scam. It's incredible if that's the case. It's certainly a non-zero percent possibility.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  25. #625
    Quote Originally Posted by OngBonga View Post
    Well we're kind of at the point in computing evolution where not all complex systems can be gamed.
    I'll admit this is axiomatic, but I don't think what you're proposing is possible. Maybe in a vacuum, but BTC exists within and among other systems. For example, it was gamed by Elon Musk via twitter. I'm agnostic as to whether or not all systems can be gamed to the point of being broken, but I lean towards the negative-- that is, a well designed system recognizes that it will be gamed and preemptively co'ops these flaws and folds them into the system. The US constitution's systems of checks and balances being an example-- it seeks to utilize the ambitions of individuals and institutions to keep any one individual or institution from gaining enough power to break the system. It's still getting gamed though.

    This event is basically human error. This kind of attack wasn't foreseen when developing the ecosystem. Or maybe it was seen and that made it an excellent opportunity for a scam. The entire coin from launch might have been an elaborate scam. It's incredible if that's the case. It's certainly a non-zero percent possibility.
    Would be wild if Do Kwon was the architect of this all. The Twitter thread on how it can be attacked and all. All to obfuscate the rug pull. Hell, maybe he doesn't even do the attack, but just outlines it, let's some random (billionaire) make off with the loot-- all the while he's secured generational wealth and there's no direct thread of conspiracy. Some real Sun Tzu shit.

    Obv I'm just spitballing, I don't think there is any reason to think this is likely, but it's fun to armchair-scammer.
    You-- yes, you-- you're a cunt.
  26. #626
    In principle, any cryptocurrency can be managed, but it will require many resources that not many people have. For example, Elon Musk skillfully used his influence and opportunities to make money on the difference between stocks and cryptocurrencies. Of course, sometimes it looked a little pathetic. For the most part, such activities are carried out by people without capital and the opportunity to earn from innovations. It is very important to explore new analysis methods constantly, for example, backtesting spreadsheet. Only by constantly improving can certain results be achieved
  27. #627
    It's been a while since we've had some spam. I'll let this one go until he posts a backlink.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  28. #628
    I first read his name as Staycation, which sounded kind of cool. Being named Stacytion instead should itself be grounds for banning.
    I just think we should suspend judgment on Boris until we have all the facts through an inquiry, police investigation, and parliamentary commission...then we should explode him.
    also,
    I'd like to be called Lord Poopy His Most Gloriously Excellent.

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