test post
04-05-2021 10:28 AM
#226
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test post | |
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04-07-2021 02:51 PM
#227
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04-07-2021 03:52 PM
#228
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Yeah currently $2600 | |
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04-07-2021 04:06 PM
#229
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That's a tidy profit. Maybe you know something for once. | |
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04-07-2021 04:19 PM
#230
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Yes a dollar. It gets interesting if I get into five figures. I mean, if I'm worth a bitcoin, do I trade off for a bitcoin instead? I'm currently just under 5% of a bitcoin, having peaked at 7%. But for now, I'm just holding and waiting to see what happens. | |
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04-07-2021 06:47 PM
#231
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I just bought ten bucks worth of $safemoon, which is a dodgy as fuck shitcoin with an untrustworthy team. | |
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04-11-2021 03:37 AM
#232
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xlm finally having a long overdue breakout, heading for $0.70 | |
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04-11-2021 05:16 AM
#233
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I invested a small amount in crypto a few months ago, I've already made enough to pay for this years holiday | |
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04-11-2021 08:19 AM
#234
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In five years you'll look back at such a holiday and think "fuck me that was expensive". | |
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04-14-2021 07:25 AM
#235
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woke up this morning to the overnight ada pump and was sitting on £8K of profit so far before the price dumped again. its making it back again (7.5k profit at the momenty) and hopefully pumps again off the back of the Coinbase IPO in and hour or two. |
04-14-2021 11:33 AM
#236
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Dent is still in slow decline, having peaked at over 2c it's only just over 1c right now. Still way more than the 0.135c I bought in at. I'm at $2k. Not panic selling for shit. I'm either worth fuck all or $50k+ | |
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04-15-2021 03:33 PM
#237
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Without knowing anything about what is driving the price of these things, just looking at the graph this does not behave like a random walk. If I were investing, I'd buy a broad range of these when they're super cheap, and then use some kind of algorithm to tell me when to sell - like i.d. the peak value within some window of time, and when the price fell to 20% below that peak, sell it all (I'm sure there's a better way to do it than that even). Rinse and repeat and lolprofit. | |
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04-15-2021 03:38 PM
#238
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Actually, a lot of them do look pretty random-walky. You'd have to look for ones that tend to go up, then go down again, over and over like dent. | |
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04-15-2021 03:41 PM
#239
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I wonder if you could write a program, plug all the data from those graphs into it, and crack this shit. | |
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04-15-2021 05:34 PM
#240
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its called technical analysis |
04-15-2021 06:09 PM
#241
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You're tone is so condescending at the same time as being nearly illiterate that it's actually quite amusing. | |
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04-15-2021 07:06 PM
#242
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Possibly its because you don't realise how little you know and with your previous comments in this thread I can't be bothered to waste time explaining it to you ,since you are highly unlikely to buy any crypto. |
Last edited by Keith; 04-15-2021 at 07:09 PM. | |
04-15-2021 07:23 PM
#243
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You're right about that. | |
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04-15-2021 07:35 PM
#244
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I think there will come a day when poop will buy crypto, but it'll be to immediately use. Like, if he has a DENT powered phone in five years, he could be paying market price for his coins which he'll immediately spend on his phone package. Hopefully he'll be buying his coins off me for a dollar when I paid $0.00135. | |
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04-15-2021 07:38 PM
#245
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Crypto is ridiculously high risk for short term investment, but not so much for long term. I would say it's very low risk if you're looking at years. The total market cap of crypto is still way behind gold. Crypto will one day surpass gold, and I'll still be alive to see it. | |
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04-15-2021 09:08 PM
#246
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So long as people are investing in crypto with the actual long-term plan to convert that crypto back into real world monies, I can't really take the value seriously. As long as the value of crypto is measured in the value of irl monies, it's still a pump and dump waiting to hit its bubble. | |
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04-16-2021 01:30 AM
#247
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How exactly, on a fundamental/theoretical level, is investing in crypto different than investing in stocks? | |
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04-16-2021 02:54 AM
#248
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https://www.paypal.com/us/smarthelp/article/FAQ4399 | |
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04-16-2021 03:51 AM
#249
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How do the tangible assets change the scenario in any way? A company may own some, but it's not like you get those as a shareholder if the company goes bust. The value of the tangible assets is determined in the same way as the stock's, and the crypto's. | |
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04-16-2021 04:39 AM
#250
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I suppose one difference is that a company has to file regular earnings reports, so you at least get an idea if they're headed for busto, and it's unlikely to just happen overnight, so touches on the volatility thing. You can also earn dividends from a company stock which is not an option for crypto. | |
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04-16-2021 05:22 AM
#251
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lol , why not actually read up on a subject rather than spouting forth a load of ignorant asumptions as fact |
04-16-2021 06:08 AM
#252
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04-16-2021 06:58 AM
#253
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04-16-2021 07:11 AM
#254
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04-16-2021 11:17 AM
#255
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Thanks for the info. I see the comparisons with irl monies and the bare bones fact that crypto is simply not all that different from irl monies is better understood by me. | |
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04-16-2021 01:28 PM
#256
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04-16-2021 01:34 PM
#257
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04-16-2021 01:36 PM
#258
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04-17-2021 10:23 AM
#259
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04-17-2021 02:50 PM
#260
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It doesn't really. Fiat has a relative stable value, crypto is all over the place. Do you really want to agree to sell your house for 10k crypto when by the time the sale goes through the value of the crypto is 10% what it was when you agreed the sale a month ago? Don't think so. | |
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04-17-2021 06:05 PM
#261
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Poop, how do you imagine the nascent stages of a future currency would look? Particularly, in a world of centrally controlled currencies, how do you imagine the period would look in which decentralized currencies are introduced but still overlap with traditional currencies? | |
04-17-2021 07:08 PM
#262
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so you argue that fiat currencies are stable |
04-17-2021 07:28 PM
#263
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I think the nascent stages of a future currency, if it were to overtake a current one, would require the present currency system to be fundamentally broken. I don't see any evidence we're anywhere near that stage. I can trade my money easily for goods and services. I know the value of my money, and I can be reasonably sure it will retain that value over time. | |
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04-17-2021 07:35 PM
#264
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Relative to the vast majority of cryptos, yes. | |
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04-17-2021 09:06 PM
#265
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Macroeconomics is nuts (not the poker term). Printing money should increase inflation, yet we don't see that in the recent years in the US. And if there is inflation, it means it takes care of the national debt, which should encourage printing even more money. Inflation also helps private loaners to handle their debts. Printing money should lower the currency exchange rate, which should make exports more competitive compared to other countries. Interest rates are negative, so every country should take as much debt as they possibly can and invest it into infrastructure projects or even the stock market. | |
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04-18-2021 07:17 AM
#266
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04-18-2021 08:01 AM
#267
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I didn't say there's no inflation, I said printing money should increase it, yet it doesn't. | |
Last edited by CoccoBill; 04-18-2021 at 08:04 AM.
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04-21-2021 01:28 PM
#268
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Let's try this again. Let's imagine a world in which the current, long standing, monetary system is fundamentally broken and running on a combination of steam and momentum, and an alternate system is introduced and in it's (possibly late) nascent stage. How would this world differ from our world with the long standing fiat and newly introduced crypto? | |
04-21-2021 01:44 PM
#269
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Since we're talking about inflation: | |
04-21-2021 04:22 PM
#270
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04-21-2021 06:50 PM
#271
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You missed the thought experiment. You are sitting in the twilight of the gold standard insisting that it's fine, it always has been fine, fiat can't possibly work, it's inherently unstable, would cause immediate economic collapse, etc. Or not-- maybe you're right. My point is, how do you know which it is? How are you different from the status quoians of the past who were right until they were terribly terribly wrong? | |
04-22-2021 02:54 AM
#272
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Ok I've imagined it. | |
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04-22-2021 03:55 AM
#273
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Is the fiat system optimal with its currency transactions, fees, exchange rates etc? Is it optimal they're governed by central banks? Is it optimal that governments can print money to boost their economies, in effect only accumulating debt? | |
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04-22-2021 05:05 AM
#274
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I'm guessing the answer to these questions is "no." So, tell me how a better system would work and why it would be better, AND how it's going to be allowed to replaced the current system - and I want to be clear it's about being ALLOWED to, not that it will naturally take over without anyone with a vested interest in the current system, who seem to hold a lot of power in this game, saying boo. | |
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04-22-2021 05:08 AM
#275
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I don't think it's being a luddite to ask questions and be skeptical, especially when all my questions seem to be answered with other questions. | |
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04-22-2021 05:16 AM
#276
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Here's a short article that suggests a global ecurrency would have both benefits and costs, and could never replace fiat entirely. | |
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04-22-2021 06:53 AM
#277
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I was merely trying to point out that the ones saying "don't fix what ain't fundamentally broken" are often on the wrong side of history. Progress would be stymied quite a bit if that was the criteria to fill before improving anything. | |
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04-22-2021 08:00 AM
#278
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Do you know how many times someone has tried to fix something they thought was broken and failed? Communism springs to mind. | |
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04-22-2021 09:53 AM
#279
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"Don't try to fix something unless it's completely broken and if at first you don't succeed, never try again." --Poop, 2021 | |
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04-22-2021 10:29 AM
#280
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Nice reductio ad bananum there. I almost miss that. | |
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04-22-2021 05:31 PM
#281
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Poop, you're misrepresenting everyone's positions including your own. You're the naysayer saying crypto is a bad bet. Everyone else seems to be unsure but thinks to a greater or lesser extent it's a worthwhile bet. | |
04-22-2021 05:42 PM
#282
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Oh the humanity... | |
Last edited by Poopadoop; 04-22-2021 at 05:45 PM.
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04-22-2021 06:37 PM
#283
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I didn't say... oh wait you're not arguing with me. Well that makes a change. | |
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04-22-2021 06:41 PM
#284
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My crypto keeps shrinking in value. It's now only worth 5x more than I paid for it. | |
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04-22-2021 10:11 PM
#285
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shoulda put it all on doge! | |
04-22-2021 10:14 PM
#286
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04-23-2021 01:58 PM
#287
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04-23-2021 04:19 PM
#288
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04-23-2021 04:47 PM
#289
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I think a ton of it is speculative retail investors. BTC, I'd guess is most coin buyer's first coin. So Elon tweets, or some positive story is published that reaches a new audience, or whatever, and you get a new influx. But then people realize they may have missed out on the biggest multiples, and that there are other coins, some of which may be the 2011 BTC of today, and then hop on those and out of or partially out of BTC. | |
04-23-2021 04:47 PM
#290
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oh, and what's your theory? | |
04-23-2021 05:55 PM
#291
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I don't know. I think Biden's capital gains tax increase is bad news for crypto, at least in the short term, because people will pull money out now before it becomes law. But once it comes into force, I'd expect to see serious consolidation, as there is value in keeping it in crypto until the Republicans come back into power. It becomes an unappealing short term investment because tax is killing profit, but an appealing long term one. | |
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04-23-2021 08:41 PM
#292
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04-23-2021 08:53 PM
#293
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Hmm, now I think of it, that's not really what seems to be happening. It's more like there's a bunch of coins, and every once in a while one of them gets a kick and starts going up. The rest just seem to sit there doing nothing. Seems more consistent with the market encouragement/manipulation theory actually. | |
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04-24-2021 05:57 AM
#294
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04-24-2021 05:59 AM
#295
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04-24-2021 06:24 AM
#296
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04-24-2021 06:28 AM
#297
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As for the market manipulation theory, I didn't say it was illegal. You can question the morality of it, like you can also question the morality of playing poker with fish. But I doubt anyone doing either is losing much if any sleep over it. | |
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04-24-2021 06:41 AM
#298
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I have no plans to do it, because a) I am financially comfortable already; and b) I wouldn't get any satisfaction out of it, I just think it would be too easy. | |
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04-24-2021 07:15 AM
#299
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04-24-2021 07:23 AM
#300
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