Guys, I can invite you to shit-coiners slack if you wish.
[QUOTE=Fourier;52992052]Guys, I can invite you to shit-coiners slack if you wish.[/QUOTE]
Hit me up
Best place for British people to buy crypto? I've been using cryptomate but I'm wondering if you'd recommend an alternative.
I've heard some off putting things about Coinbase
[QUOTE=Number-41;52991829]
It also seems like /r/btc (the biggest online BCH community) seems to become more and more isolated. Half the time they are just whining about /r/bitcoin's censorship. I don't know which community is "right". They both seem equally biased.[/QUOTE]
That's because reddit is an awful place to get an informed opinion about crypto. Most noobs getting into this game in the last few months get their info from r/bitcoin and r/btc which are both cesspools of biased comments made by (mostly) fake accounts. Both subreddits accuse each other of conspiring against one another. If you go on r/btc you will hear people talking about how the core developers crippled the bitcoin blockchain by implementing segwit and how they are going against Nakamoto's whitepaper (which is like some kind of religious writing to them apparently) by not increasing the blocksize and forming ties with big banking corporations supposedly making bitcoin not "censorship resistant" and other tin foil hat level kind of bullshit. If you go on r/bitcoin you will have people bashing onto noobs preaching bitcoin cash without explaining to them why they are wrong, all the while the top mod deletes any mention of bitcoin cash from the subreddit thus fueling these conspiracy theories about the core developers and blockstream and yadda yadda.
All of this happening right now doesn't favor neither side, obviously. It just confuses people who are just getting into it and don't feel like or don't know how to do their own research. But if this division between the community arose, it is obviously because one side is bullshitting and the other is not. It's up to you to decide. Just know that these are the people who are backing Bitcoin Cash:
Roger Ver: used to sell explosives on ebay in 2002 and exiled himself in Japan.
Craig Wright: claimed and still claims to be Satoshi Nakamoto even though he was proven not to be numerous times.
Jihan Wu: whose company produces ASIC miners that exploited a fallacy in the bitcoin blockchain that allowed them to mine at higher speeds at a lower electricity cost, at least up until segwit was implemented, which neutralized this fallacy that still persist on the BCH blockchain of which almost 50% of its mining hashrate comes from unknown sources thus making it potentially susceptible to a 51% attack. Basically wants to centralize bitcoin mining.
John McAfee: Yes, the antivirus guy, who apparently murdered his neighbor before fleeing to Guatemala. He's also know for something else that I'll let you find out about on your own.
So if you ask me, I think bitcoin cash is a pretty conveniently elaborated attack against bitcoin. So in turn, this means that the "True" Bitcoin is susceptible to this kind of attacks from bad actors and it's a bad fucking ordeal for the whole crypto ecosystem.
[B]This is what I gathered from the last few months of crypto. Please note that I'm in no way an expert on the subject and if I got something wrong or wrote something dumb please let me know. Then again, if you want to get informed don't take anyone's word for anything. Just do your own research[/B]
I exchanged my bch when it was a couple hundred dollars and even with the price hike I'm glad I did it's obvious a bullshit cash grab by bitmain and worthless, if people can't see that after last month's nonsense and the coindesk insider trading they are blind
[QUOTE=waylander;52992227]I exchanged my bch when it was a couple hundred dollars and even with the price hike I'm glad I did it's obvious a bullshit cash grab by bitmain and worthless, if people can't see that after last month's nonsense and the coindesk insider trading they are blind[/QUOTE]
"I cashed my BCH out at less than 10% of its current value and I'm glad I did"
Anything that gets put on coinbase isnt worthless. Technical specifications dont matter, markets arent rational, if people are buying it it has value.
[QUOTE=dzonint;52992125]Hit me up[/QUOTE]
Ok I PMed everyone interested :).
Even if you made money from it you support the market manipulation by the bch group and sabotage of BTC?
[editline]20th December 2017[/editline]
And coinbase didn't have much choice traders wanted there free bch
[QUOTE=waylander;52992242]Even if you made money from it you support the market manipulation by the bch group and sabotage of BTC?
[editline]20th December 2017[/editline]
And coinbase didn't have much choice traders wanted there free bch[/QUOTE]
tbh I'm a coin normie and I don't know about all of that. I just know generally that things dont have to have value to have hugely inflated and prolonged artificial value. Sure it will likely crash, but who knows when
QTUM is another crypto combining the good parts of bitcoin and ethereum and it's looking quite promising, anyone bought it?
[QUOTE=Aleal;52992189]That's because reddit is an awful place to get an informed opinion about crypto. Most noobs getting into this game in the last few months get their info from r/bitcoin and r/btc which are both cesspools of biased comments made by (mostly) fake accounts. Both subreddits accuse each other of conspiring against one another. If you go on r/btc you will hear people talking about how the core developers crippled the bitcoin blockchain by implementing segwit and how they are going against Nakamoto's whitepaper (which is like some kind of religious writing to them apparently) by not increasing the blocksize and forming ties with big banking corporations supposedly making bitcoin not "censorship resistant" and other tin foil hat level kind of bullshit. If you go on r/bitcoin you will have people bashing onto noobs preaching bitcoin cash without explaining to them why they are wrong, all the while the top mod deletes any mention of bitcoin cash from the subreddit thus fueling these conspiracy theories about the core developers and blockstream and yadda yadda.
[/QUOTE]
Yeah I don't trade crypto but I checked out those subreddits out of curiosity and they were both hilariously bad and basically exactly like you described. 4chan /biz/ feels more authentic and that board is 100% people shilling shitcoins lol.
[QUOTE=dark_vivec;52992297]Yeah I don't trade crypto but I checked out those subreddits out of curiosity and they were both hilariously bad and basically exactly like you described. 4chan /biz/ feels more authentic and that board is 100% people shilling shitcoins lol.[/QUOTE]
this image is all you need to know about /biz/ honestly
[img]https://i.imgur.com/mKnK3cG.png[/img]
[QUOTE=Headhumpy;52992533]this image is all you need to know about /biz/ honestly
[/QUOTE]
Dude what the fuck are you talking about /biz/ is an amazing community filled with some of the finest financial minds of our generation. It's filled with in-depth technical analysis and insider information. Just look at this.
[IMG]https://i.imgur.com/AwcxGJh.jpg[/IMG]
When you think about it, crypto currency is just the [I]stupidest fucking thing[/I]
It feels like a game of chicken, where the last people to cash out get fucked
I can't wait for that day in the future when we'll look back at this point in the history of crypto currency and just laugh at how dumb it made the investment world.
[QUOTE=Zombinie;52992561]When you think about it, crypto currency is just the [I]stupidest fucking thing[/I]
It feels like a game of chicken, where the last people to cash out get fucked[/QUOTE]
Crypto trading is pure, unadulterated [URL="https://en.wikipedia.org/wiki/Greater_fool_theory"]greater fool theory[/URL].
[QUOTE=Zombinie;52992561]When you think about it, crypto currency is just the [I]stupidest fucking thing[/I]
It feels like a game of chicken, where the last people to cash out get fucked[/QUOTE]
What about things like Ethereum? From what I've seen some of the tech behind these things have real merit. Ether has actual use within the Ethereum network for developers running their stuff. Bitcoin is functionally useless but I wouldn't be writing them all off.
Most people who say all of crypto is stupid usually don'tt know what they are talking about.
Many of these companies are literally creating the future. Crypto doesn't boil down to Bitcoin.
Look at Walton for example, or Request. They are projects doing some very interesting stuff.
[QUOTE=Crumpet;52993091]What about things like Ethereum? From what I've seen some of the tech behind these things have real merit. Ether has actual use within the Ethereum network for developers running their stuff. Bitcoin is functionally useless but I wouldn't be writing them all off.[/QUOTE]
[URL="https://sia.tech/"]siacoin[/URL] is pretty sweet too
[QUOTE=Over-Run;52993222]Most people who say all of crypto is stupid usually don'tt know what they are talking about.
Many of these companies are literally creating the future. Crypto doesn't boil down to Bitcoin.
Look at Walton for example, or Request. They are projects doing some very interesting stuff.[/QUOTE]
I enjoy trading shitcoins. But what I love most is the anticipation of the near future markets.
Most of the projects are either too ambitious, too technically challenged, too shaky or just downright dumb, at best good for hype trading. Not EVERYTHING needs to be on a blockchain, nor has a practical place for it. What I'm excited for are the ones that seek to really rattle their specific markets.
My current favorite is one that is building a global, borderless, decentralized betting platform, unfettered by regulatory bodies in any country in the world, not subject to fraudulent, manipulated or criminal bookie activity (with which bettors for now have simply had to put up with). Also potentially some of the best lines in the industry and a direct fiat gateway for ease of use in cooperation with decentralized exchanges (which are the future btw). If this takes off and corners even a fraction of the massive global betting industry...
[QUOTE=Over-Run;52993222]Most people who say all of crypto is stupid usually don'tt know what they are talking about.
Many of these companies are literally creating the future. Crypto doesn't boil down to Bitcoin.
Look at Walton for example, or Request. They are projects doing some very interesting stuff.[/QUOTE]
Isn't a bit too early to invest in those tokens when Ethereum is not fully developed yet?
[QUOTE=farmatyr;52986437]The Tether / Bitcoin conspiracy shit is spooky as hell, I'm gonna cash out.[/QUOTE]
The what? Never heard of this.
[QUOTE=Zombinie;52992561]When you think about it, crypto currency is just the [I]stupidest fucking thing[/I]
It feels like a game of chicken, where the last people to cash out get fucked[/QUOTE]
The idea and potential behind cryptocurrency is really fascinating. What I find really stupid right now is how many cryptocurrencies are used just for speculation, and not their intended purpose. And the large influx of money from people with zero understanding of crypto or finance.
I traded quite a lot over half a year ago. Then I realized how utterly stupid the communities were and how risky and immature most exchanges were so I stopped. Now I just trade regular stocks :happy:
[QUOTE=Badballer;52991822]I believe the general consensus is that LTC is better.[/QUOTE]
But bitcoin is better than Litecoin. In the case of LTC, the user receives quick transfers with a small commission, and BTC customers can pay for purchases almost anywhere in the world. I advise you to take a closer look at bitcoin. As for me, this is the best investment of all the cryptocurrency. In addition, when buying with bitcoins, many stores give a discount. Here is an interesting article on this matter [URL="https://bitcoinbestbuy.com/pay-online-stores/"]https://bitcoinbestbuy.com/pay-online-stores/[/URL]
BTC may be more readily available for the moment but transfer speeds and fees are terrible for daily use. There's even better coins than LTC out there for payments, the market just needs to adopt something once all the hype of crypto dies down because I'm positive something will be used in the future. probably something released by the banks or Google. Bitcoin has a really awesome name though, no other coin will ever beat that
Also what's going on with Komodo that's skyrocketing lol
[QUOTE=Zombinie;52992561]When you think about it, crypto currency is just the [I]stupidest fucking thing[/I]
It feels like a game of chicken, where the last people to cash out get fucked[/QUOTE]
yeah its probably one of the greatest opportunities of this lifetime to start getting involved in investing and personal finance. also was a great opportunity for lots of people to learn a lot about finance, not like these skills go away after crypto does.
[editline]21st December 2017[/editline]
[QUOTE=Headhumpy;52992641]Crypto trading is pure, unadulterated [URL="https://en.wikipedia.org/wiki/Greater_fool_theory"]greater fool theory[/URL].[/QUOTE]
just like people buying internet stocks before the dot com bubble!!! peaked around 100 back then. "crashed" and is now worth 1000+
its false to say this tech has no intrinsic value
[editline]21st December 2017[/editline]
[QUOTE=Malko;52994407]But bitcoin is better than Litecoin. In the case of LTC, the user receives quick transfers with a small commission, and BTC customers can pay for purchases almost anywhere in the world. I advise you to take a closer look at bitcoin. As for me, this is the best investment of all the cryptocurrency. In addition, when buying with bitcoins, many stores give a discount. Here is an interesting article on this matter [URL="https://bitcoinbestbuy.com/pay-online-stores/"]https://bitcoinbestbuy.com/pay-online-stores/[/URL][/QUOTE]
not with those fees, objectively wrong
[QUOTE=KrklndSigntur;52994511]yeah its probably one of the greatest opportunities of this lifetime to start getting involved in investing and personal finance. also was a great opportunity for lots of people to learn a lot about finance, not like these skills go away after crypto does.
[editline]21st December 2017[/editline]
just like people buying internet stocks before the dot com bubble!!! peaked around 100 back then. "crashed" and is now worth 1000+
its false to say this tech has no intrinsic value
[editline]21st December 2017[/editline]
not with those fees, objectively wrong[/QUOTE]
Blockchain technology is useful, but not in the form of cryptocurrencies. This technology will enter our lives behind the scenes, being integrated into current financial systems.
[QUOTE=Badballer;52994439]BTC may be more readily available for the moment but transfer speeds and fees are terrible for [B]daily use[/B]. [/QUOTE]
Or just, don't do this.
There's no reason to recreate the problems of gold (inflexibility, unpredictability) without any of the benefits.
Blockchain is wasted as currency.
[QUOTE=KrklndSigntur;52994511]just like people buying internet stocks before the dot com bubble!!! peaked around 100 back then. "crashed" and is now worth 1000+
its false to say this tech has no intrinsic value[/QUOTE]
Those didn't lack value either?
Greater fool theory still applies with most crypto trading, I say this as someone who holds and profits off of crypto. Most of the bulk don't really care terribly much about it as currency or as blockchain technology, and those who do, at the moment, tend to mostly either be crazy libertarians or criminals, with a minority actually seriously considering using it for things it's appropriate for like fraud management in finance, customs, censorship avoidance, etc..
[QUOTE=OvB;52985070]Bitcoin and stock trading are not at all the same. Stock is a share of ownership in a company/thing and bitcoin is a currency. With stock trading you're giving a company money in exchange for a % of the company with the expectation that your contribution will make the company more value. Bitcoin is more akin to currency trading. It's like me converting some of my money to say, euros, and then converting it back to USD once the value of said currencies change in my favor. Or converting your USD into Euros so you can do business in Europe. Except with bitcoin it's more like converting your USD into BTC so you can buy black tar heroin and wife hit men off the deep web.
There's nothing inherently evil about investing.[/QUOTE]
[QUOTE=Harbie;52985036]Why is investing evil?[/QUOTE]
[QUOTE=BusterBluth;52984877]People have a desire to prosper financially what a bunch of corrupt and sick fucks[/QUOTE]
My distaste for it doesn't come from that, though. It ties into the deceptive more-and-more attitude that investment and corporate behaviour breed. BTC sort of brings it home for me because I've seen even fucking sixteen year olds talking about how they wanna get "in on the market" and gamble their fucking money away on BTC because it's the Hip New Thing, and it brings the shark-like attitude of the markets right back into my eyeline. I was involved in some more bilious stock trading a few years ago, and in general I've been around opportunist day-trading sharks a lot in the past, so this just kind of makes me see red and remember the days when I saw good men get fucked out of their money by asshole scam artists who just wanted to make another 50p on the pound.
I don't think investment is evil, the BTC bubble just drags up a lot of bad memories for me of the days when I saw real, legitimate crony capitalism in action and was complicit in it.
That's really what I was raving about. In my defense I've been delirious on all kinds of tablets in the past week or so because of a triple whammy of illnesses, so I probably didn't clarify well enough.
[QUOTE=farmatyr;52986437]The Tether / Bitcoin conspiracy shit is spooky as hell, I'm gonna cash out.[/QUOTE]
Isn't that essentially a ponsi scheme?
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