- Jun 11, 2014
- 2,785
- 3,408
Founding Member
You are the growing sector. That’s where Monero and Pirate Chain come in. Privacy tech at it’s finest.
Crypto currency
- Thread starter Gator By Marriage
- Start date
- Jun 9, 2014
- 78,461
- 110,855
Founding Member
Again it depends. And it REALLY depends on how badly they want to do it.
It would take HUGE resources to brute force but theoretically the same techniques to chipoff a cell phone would work. Just theoretically of course.
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- Jul 29, 2014
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I dunno guys I'd be careful from here on out....major shift from crypto into metals over the last 6 weeks even though the prices are being falsely limited there that market will likely more than triple on silver and at least double on gold in the next 2 years....then we will see another bull run in crypto as that wanes...I out for now....
- Nov 12, 2017
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Personally I am doing the opposite. I have not bought any major amounts of Bitcoin or Ethereum since January (just a little on a few dips). I have finally started dollar cost averaging into them, buying small amounts daily regardless of price. Whether it takes days, months or even years for the next leg up, I'll continue the same strategy. If anything a drop in the 20ks followed by major sideways action and boring environment where everyone is writing off crypto would be ideal.
Mind you this is only about 5-10% of my monthly investable allocation. Rest goes to boring ETFs and mutual funds, and running my real estate side hustle. Limiting risk is important to be able to hold on these risky assets during bad times.
Mind you this is only about 5-10% of my monthly investable allocation. Rest goes to boring ETFs and mutual funds, and running my real estate side hustle. Limiting risk is important to be able to hold on these risky assets during bad times.
- Oct 23, 2017
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Crypto further crashing this morning. I picked up some ETH at $1990, this morning, and it’s down to $1950 now. It was over $4k a little over a week ago.
ADA is down to $1.16, after touching $2.50 a week ago.
BTC is in the $33,700’s.
It looks as if there is more room to the downside for all of these right now.
ADA is down to $1.16, after touching $2.50 a week ago.
BTC is in the $33,700’s.
It looks as if there is more room to the downside for all of these right now.
- Nov 12, 2017
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I think we are in a full on bear market. No one can time the bottom or the top (except for Benjamin Cowen. Damn that guys models worked perfectly). DCA (dollar cost average) is your friend.
Also this shows why altcoins are called ****coins. Bitcoin drops 12% a day and others drop 25-30% the same day. Going to be a nice lesson for all the new entrants.
I wonder if Trevor lawrence and other dumbasses in the nfl are going to still take their whole salary in crypto. I literally posted a few pages ago about how brutal bear markets can be. Looks like they will learn that early on.
Also this shows why altcoins are called ****coins. Bitcoin drops 12% a day and others drop 25-30% the same day. Going to be a nice lesson for all the new entrants.
I wonder if Trevor lawrence and other dumbasses in the nfl are going to still take their whole salary in crypto. I literally posted a few pages ago about how brutal bear markets can be. Looks like they will learn that early on.
- Sep 7, 2014
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I went ahead and rounded my ETH up to 2 from 1.6 and added another percent of BTC to put me at 12.3%, will throw more in should BTC get below $30k again
- Jul 29, 2014
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It was because their idol Reverend Elon said he was going to take it for purchasing his cars....I'd still like to punch him in the throat....
It'll have another run but I could see 20k in the future and a while of sideways action. If it hits 20k I'll throw a small lump back in and sit on it.
- Sep 8, 2014
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If it hits $20k, I'll probably buy a full coin (or round my .18 up to a full coin)....when it hits $500k next year I'll sell!!
- Jul 29, 2014
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Sobering news. Just saw something that shows institutions are pulling out. Total crypto market less than 2 weeks ago 2.5 Trillion....now half....gonna be a new low of around 13k and probably a while before next bull run(years)according to an "expert" who has called the last 4 years of BC pretty much dead nuts on....Did anyone else noticed a possible coordinated attack from both China and US last week of all times(Powell's comment on US digital currency)and China's ban?
- Nov 12, 2017
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Institutions are not pulling out in the 30s after spending months in the 50s. If anything they may have pulled out in the 50s, and now this is full on retail panic, and I suspect many institutions that were trying to get a decent entry point are starting to. That being said it does not mean prices will rebound to a new high in the 60s any time soon. Just quiet accumulation.
You wont know about it till well after the fact.
- Jul 15, 2014
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Yup, that's why I mentioned capitulation a week ago... we are a lot closer to it, but not there yet.
- Jul 29, 2014
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No I believe they pulled out in the 50's and upper 40's which is what triggered the retail traders to start pulling out. The Whales gulped and the minnows gasped so to speak.
- Nov 12, 2017
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A Central bank currency on the blockchain is just the same trash that is being printed every day. I always found it odd that the market "sells off" because of fears of inflation. What are you selling off to? Cash? Bizarre. And Gold and Silver is terribly suppressed. Worse, Gold supplies will magically tripple if the price goes up even slightly, suppressing the price. I do think there is a place for metals in every portfolio though.
Again, central bank crypto currency is the same garbage you have in your bank today, except now its on blockchain. What is unique about bitcoin is the lack of any "figurehead "or organization that could be singled out to hurt it. Satoshi is "probably" dead.
Every other crypto out there has either a central figure / organization, or an anonymous team that will do a rug pull.
Bitcoin is just one of the most interesting monetary human experiments that is just fundementally built on gameing the human psyche. The properties that are built into it are genius. Game theory is strong with this one. Just nothing like Bitcoin.
Is it worth what it is being sold for now? Who am I to say, let the market decide.
Again, central bank crypto currency is the same garbage you have in your bank today, except now its on blockchain. What is unique about bitcoin is the lack of any "figurehead "or organization that could be singled out to hurt it. Satoshi is "probably" dead.
Every other crypto out there has either a central figure / organization, or an anonymous team that will do a rug pull.
Bitcoin is just one of the most interesting monetary human experiments that is just fundementally built on gameing the human psyche. The properties that are built into it are genius. Game theory is strong with this one. Just nothing like Bitcoin.
Is it worth what it is being sold for now? Who am I to say, let the market decide.
- Jul 15, 2014
- 28,511
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No, a central bank crypto (or any official digital medium with nothing else allowed) is complete control and complete loss of privacy.
Yes, yes, Law, we are close to that now anyway, but this would be complete control/power. Ask the average Chinese "citizen" how that's working out with their "social credit" scores and which shampoo you are allowed to buy based on your social credit, not your ability to buy.
- Jul 29, 2014
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We all have our favorite "vaults for wealth" during up times and down times. My favorite is RE because even when it's value is down it produces income...BC will not go away that's for sure.
- Nov 12, 2017
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Yeap I like RE. I have an Airbnb and flipped a home recently. I like total market etfs, total bond market funds, metals and crypto. I just don't like cash.
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- Jul 29, 2014
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