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7th May 2018, 18:42 | #201 |
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Stay shook. No sook. |
9th May 2018, 13:23 | #202 |
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11th May 2018, 19:36 | #203 |
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Stay shook. No sook. |
12th May 2018, 13:09 | #204 |
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The flippening will totally happen in 2018.
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12th May 2018, 17:26 | #205 |
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All the little shitcoins clustered around like little leeches made me lol
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25th May 2018, 17:46 | #206 |
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https://dai.makerdao.com/
https://medium.com/cryptolinks/maker...in-e4481d79b90 This is next level. Draw against your Ethereum without selling it.
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Stay shook. No sook. |
25th May 2018, 19:15 | #207 |
HENCE WHY FOREVER ALONE
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I don't understand it.
I'm either just too old, or it's just too complex.
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Finger rolling rhythm, ride the horse one hand... |
25th May 2018, 20:14 | #208 |
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It's definitely complex. I only grasp the fundamentals.
Basically it's like creating your own bank you can take loans from backed by ETH.
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Stay shook. No sook. |
26th May 2018, 15:34 | #209 | ||
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26th May 2018, 17:30 | #210 |
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Indeed. Any sufficiently advanced technology is indistinguishable from magic.
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Stay shook. No sook. |
26th May 2018, 18:35 | #211 |
Architeuthis
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Any excessively convoluted blockchain project is indistinguishable from bullshit.
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26th May 2018, 18:58 | #212 |
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lol, okay Ajax.
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Stay shook. No sook. |
28th May 2018, 15:35 | #213 | |
get to da choppa
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You send it Eth, it gives you Dai. Dai is worth $1 US. You send back the amount of Dai it gave you, you get your Eth back. Think of it as pawn broking. You give it something of value (Eth) and it loans you dai. When/if you want your collateral back, you pay it back. If you don't pay it back, and the value of Eth falls below a threshold, it sells your collateral. |
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5th June 2018, 13:44 | #214 |
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Stay shook. No sook. |
24th June 2018, 19:30 | #215 |
Architeuthis
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25th June 2018, 11:25 | #216 | |
I... err - F*ck It.
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21st August 2018, 15:35 | #217 |
A mariachi ogre snorkel
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21st August 2018, 15:49 | #218 |
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Never go balls deep on any investment.
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21st August 2018, 16:05 | #219 |
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ɹǝʌo sᴉ ǝɯɐƃ ʎɥʇ |
21st August 2018, 16:25 | #220 |
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It's not a loss if you don't sell.
I've sold about 2/3rds of what I bought, to my regret really. But the money was helpful.
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Stay shook. No sook. |
22nd August 2018, 12:26 | #221 |
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heh. True that. If you watch 75% of your investment get washed away, then hang in there while it climbs back to 10x ... well.... that's an education.
Lot's of people don't have the support group though. During the July wash out last year I was extremely nervous. I had friends with stress cold sores. But we talked it out with eachother, reminded ourselves of the long-term goal... the best thing to do was to wait. I have a method now, I have instructed my GF to remind me on how to act accordingly: - When the markets are getting rekt (ie right now), and I feel I should put in a manual stop loss... its already too late, we're at the bottom of the market, and I'd lock in a terrible loss .. Sit tight. - When I am happy every day, and start saying things like "I am $100,000 away from retirement!" That's when she must tell me to sell. This year crypto has been very beneficial for me. Put a 20% deposit on an investment property, and started a new business venture. Both of which would have been very difficult, or simply would not have happened without crypto. The Bitcoin standard is an excellent read. I can't recommend it enough. It's a no brainer that one should diversify their wealth into Bitcoin or Ethereum. Just don't go balls deep. Invest a little into hard money, invest in stocks, invest in index funds, be smart with tax offsets, get into property if you can. Squirrel your money away while you are able to make money, and be diverse. Then you have the levers to pull on when correlation kicks in ... rebalance to the new paradigm, and wait for a new crash, spike, boom, or bust. Last edited by Nich : 22nd August 2018 at 12:30. |
22nd August 2018, 12:36 | #222 |
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All in on AAPL. Got ya.
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ɹǝʌo sᴉ ǝɯɐƃ ʎɥʇ |
22nd August 2018, 18:04 | #223 |
A mariachi ogre snorkel
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So you're saying... buy TSLA?
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23rd August 2018, 12:17 | #224 |
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TSLA isn't the worst choice.
Right now it's very hard to distinguish signal from noise. I think many investors want to drag the price lower with fake "insider" news so they can secure a low low price for their clients. On the one hand, Tesla may indeed be failing. On the other hand, people may be attacking Tesla while it is making huge investments in infrastructure and setting up control of manufacturing. Yeah, on paper this will of course make it seem like Tesla is not profitable. I don't think we can truly know either way, but I do know that controlling manufacturing will serve them well in the long run. Tesla is a maker of physical things, and physical things that the world needs. When we emerge from our love of SAAS, and discover very few companies are actually building stuff, Tesla will have first mover advantage. (Yes, I have a long position on TSLA shares Last edited by Nich : 23rd August 2018 at 12:19. |
25th August 2018, 12:47 | #225 | |
Architeuthis
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28th August 2018, 11:22 | #226 |
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I think I am about to take the plunge.
Not a lot, but a small investment. Time to go research, and work out what different ROIs might happen. |
28th August 2018, 15:24 | #227 |
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Come on in. Get in while everyone is rekt and saying how dead crypto is. Although, bear in mind that we may indeed go much lower before we go higher... and we may go to $0 also.
Here's your dashboard: https://ckrypto.com/ Here's some learning resources: https://bitcoin.org/en/resources Read: Andreas Antonopolous - The Internet of Money Saifedean Ammous - The Bitcoin Standard Bitcoin Whitepaper - https://bitcoin.org/bitcoin.pdf Ethereum Whitepaper - https://github.com/ethereum/wiki/wiki/White-Paper Keep your magic internet money safe with a hardware wallet: https://www.ledger.com/products/ledger-nano-s |
28th August 2018, 16:28 | #228 | |
HENCE WHY FOREVER ALONE
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You could set up a recurring small amount (that you won't miss) via https://mycryptosaver.com/ (not an affiliate link) so that you take advantage of dollar-cost averaging. On the weeks it's cheaper you get a bit more, on the weeks it's up you get a bit less. In the long run you have "some" and you haven't made a significant sacrifice. Cancel at any time.
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Finger rolling rhythm, ride the horse one hand... |
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29th August 2018, 12:19 | #229 |
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My ROI would be based on long term.
More just out of interest than anything, and just to keep track of what you would expect from a bank etc. Thanks for the links @Nich |
29th August 2018, 19:19 | #230 |
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What's your method for determining ROI?
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Stay shook. No sook. |
5th September 2018, 17:50 | #231 |
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Something along the lines of working out the future value of my investment based on just having it with a bank.
Then I would probably track that back to what the price of BTC/ETH would need to be after each year. And probably compare a few different scenarios. Nothing that scientific, but just would be be interested. |
5th September 2018, 17:51 | #232 |
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What is the view of BTC when the next GFC happens.
I might have to go back and look to see what happened with gold to try and get a comparison |
5th September 2018, 17:59 | #233 | |
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ɹǝʌo sᴉ ǝɯɐƃ ʎɥʇ Last edited by Cyberbob : 5th September 2018 at 18:01. |
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5th September 2018, 18:39 | #234 | |
HENCE WHY FOREVER ALONE
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Once banks start failing, I expect there will be a panic which will cause hyper inflation, in the sense that both credit and cash money will be hard to come by, which will make "just in time" orders of goods difficult, which will mean shortages of things, and increased demand for physical stock. Having a functioning decentralized transaction network (any crypto, not just BTC) means people could still trade amongst themselves. Depending on how bad things get/are, we could lose all our bank balances. But the joke's on all of us, because mortgages won't be wiped. It'll just be a mortgage call in, and if you can't pay, you will be forced to give up your home in a mortgagee sale, because you signed the form that says it's the bank's property until they say otherwise. If you're speculating on BTC because you want an increase in your fiat digits, then you missed both the boat and the point. BTC is a hedge against fiat, so you should acquire as much as you think you might need, and can afford.
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Finger rolling rhythm, ride the horse one hand... |
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5th September 2018, 19:05 | #235 |
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^^ this guy fucks!
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6th September 2018, 16:23 | #236 | |
I... err - F*ck It.
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6th September 2018, 19:21 | #237 |
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DrTiTus: OBR legislation is designed to control that. Will be ...interesting... to see if it's effective but.
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7th September 2018, 13:11 | #238 |
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Huge wash trading going on. Hold on to your row boat people! Sharks in the water
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7th September 2018, 14:01 | #239 |
HENCE WHY FOREVER ALONE
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Bank Dashboard
Updates every 3 months, so only really useful for historical record :P crocos: The OBR document talks of a "de minimis for daily transactions" - I assume this means a daily limit that this is intended to prevent a run on the bank for remaining funds? Any idea if this is the correct interpretation, and what that limit might be? (I'm guessing a max of around $800/day)
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Finger rolling rhythm, ride the horse one hand... |
7th September 2018, 14:53 | #240 |
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No idea with the limit, but you've interpreted the idea correctly. It's designed to secure the remaining banks if one of them goes under by preventing withdrawal runs. Frankly the legislation is really shittily written and can be interpreted to your original consequence of just taking your money.
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