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Cryptocurrency |OT| Nothing from Money

C

CaptainZombie

Member
m_shortpants said:
Did we hit the floor?
Click to expand...

The weekend is upon us and usually we go into the red so I fear this can continue through Sunday.

Cipherr said:
NEO and BNB are the worst I have seen since I started looking into Crypto. It's only been a month and some change for me; but damn. Just like that, all the ICO hype that was at a fever pitch late July is now cooling HEAVILY as people are wary of scams and China is looking to regulate them and trading in general.

Just eviscerated BNB and NEO. It unreal
Click to expand...

I have this feeling that China will end up creating its own cryptocurrency and it will not be NEO.

I got lucky with BNB, sold that shit before it started its decent down into the dumps.
 
D

Dazza

Member
CaptainZombie said:
The weekend is upon us and usually we go into the red so I fear this can continue through Sunday.



I have this feeling that China will end up creating its own cryptocurrency and it will not be NEO.

I got lucky with BNB, sold that shit before it started its decent down into the dumps.
Click to expand...

That's the thing with all crypto currencies at the moment they have no real value, there is absolutely nothing stopping current financial powers creating their own one and using their current dominance to force their acceptance
 
C

criesofthepast

Member
Damn Bitfinex has a steap learning curve but it is insane once you get used to it. I always used to use BTCE back in the day but these chinese exchanges really do have slick UI's. So much power. So many tools.

Edit; If you aren't trading right now you are missing some profits. The swings are amazing. Balls of steel. Gonna be a fun night.

not for the faint of heart
 
D

Drifters

Junior Member
CaptainZombie said:
To the moooooooooonnnnnn. LOL! Now I fear even with the Mercury release, it will not help BAT at all if we continue in the red.
Click to expand...

I'm hoping that $BAT stays low for the next few days so I can some f'ning more of it! I've had a pending deposit now since Monday which I'm anxiously waiting to clear.

tap tap tap tap tap
 
C

criesofthepast

Member
I am drinking Whisky, listening to 80's music, and day (night?) trading. I will keep this post updated through the night as I get drunker and drunker and how things are going. I am playing with pretty big money and going all in tonight.

Up 0.12 bitcoin at the moment. Started 30 mins ago.

11:10EST - Buying in at $3,395 + pouring my 2nd shot of Crown Royal.

12'13 drunk sorry fission mailed
 
C

CaptainZombie

Member
Drifters said:
I'm hoping that $BAT stays low for the next few days so I can some f'ning more of it! I've had a pending deposit now since Monday which I'm anxiously waiting to clear.

tap tap tap tap tap
Click to expand...

I'm leery to even add anymore to my BAT position, if Mercury release doesn't amount to the price moving up even .20-.30 it may never go up. LOL!
 
D

Drifters

Junior Member
CaptainZombie said:
I'm leery to even add anymore to my BAT position, if Mercury release doesn't amount to the price moving up even .20-.30 it may never go up. LOL!
Click to expand...

I like the tech more so than the release schedule bumps. If other browsers start using it, that is where the coin will rocket.
 
D

Drifters

Junior Member
criesofthepast said:
I am drinking Whisky, listening to 80's music, and day (night?) trading. I will keep this post updated through the night as I get drunker and drunker and how things are going. I am playing with pretty big money and going all in tonight.

Up 0.12 bitcoin at the moment. Started 30 mins ago.
Click to expand...
Also... I like where this show is going.....
 
D

Drifters

Junior Member
Man.... the comments over on Reddit with this current drop are amazing. Someone buying at $4700 and literally can't pay his rent. I... jus......just can't.
 
U

Unknown Soldier

Member
This is some crazy shit. Let's see how far it drops this time. I have half a mind to try to buy some ETH at what I hope to be the bottom because I hate money.
 
E

Ether_Snake

安安安安安安安安安安安安安安安
Everything could essentially go down to zero, putting the genie back in the bottle and throwing it down a volcano. Governments, especially China, could use the law to keep cryptocurrencies from reemerging until they can create one that works under their desired framework.

China had no reading to let cryptoes become too big to fail, they are much better off killing this and creating something themselves.

At the same time, maybe some currencies will survive and come out stronger in the end.
 
Luschient

Luschient

Member
criesofthepast said:
I am drinking Whisky, listening to 80's music, and day (night?) trading. I will keep this post updated through the night as I get drunker and drunker and how things are going. I am playing with pretty big money and going all in tonight.

Up 0.12 bitcoin at the moment. Started 30 mins ago.

11:10EST - Buying in at $3,395 + pouring my 2nd shot of Crown Royal.

12'13 drunk sorry fission mailed
Click to expand...
I'm in dire need of an update to this.
 
J

Jiraiza

Member
ARK has calmed down and... the wallet seems to be having issues updating the value in different currencies. Or maybe it's just me?
 
C

criesofthepast

Member
Luschient said:
I'm in dire need of an update to this.
Click to expand...
In FIAT. I got too drunk and ended up watching that jake gylenhaal and ryan reynolds space movie. lol Now I have to sleep. I have brought great shame to myself and to GAF.

Was a wash of a night. No way in hell am I going to sleep in coins though. Not that drunk. We still going down.
 
DonMigs85

DonMigs85

Member
Ether_Snake said:
Everything could essentially go down to zero, putting the genie back in the bottle and throwing it down a volcano. Governments, especially China, could use the law to keep cryptocurrencies from reemerging until they can create one that works under their desired framework.

China had no reading to let cryptoes become too big to fail, they are much better off killing this and creating something themselves.

At the same time, maybe some currencies will survive and come out stronger in the end.
Click to expand...
Such a frightful post
 
C

CCS

Banned
Assume Bitcoin rebounds. Do we think ARK holds its value v the dollar (ie falls relative to BTC) or holds its value relative to BTC?

Trying to work out what I want to do in that scenario.
 
DonMigs85

DonMigs85

Member
Anybody have thoughts on Bytecoin/BCN? It's quite cheap right now, could be good for a pump like DGB and XBY in their early days.
 
D

Donos

Member
Ether_Snake said:
Everything could essentially go down to zero, putting the genie back in the bottle and throwing it down a volcano. Governments, especially China, could use the law to keep cryptocurrencies from reemerging until they can create one that works under their desired framework.

China had no reading to let cryptoes become too big to fail, they are much better off killing this and creating something themselves.

At the same time, maybe some currencies will survive and come out stronger in the end.
Click to expand...

Don't really get the fear that everything depends on China and they could shut everything down. A long lasting huge correction? Sure. The whole crypto world was growing at insane (unhealthy?) speeds anyway. But Crypto is moving on, with or without China. Way more volume, hype and profits with them though.
 
H

Horse Armour

Member
Another Chinese exchange is closing which is what's causing the crash that started a few minutes ago.

https://www.viabtc.com/announcement/detail?id=11


EmOBcOM.png
 
P

pieface

Member
Looking bleak. But hold tight (if you can afford to do so).

I'm selling nothing. In fact, will probably go shopping.

Looking at NEO, OMG and ARK.
 
Slayer-33

Slayer-33

Liverpool-2
pieface said:
Looking bleak. But hold tight (if you can afford to do so).

I'm selling nothing. In fact, will probably go shopping.

Looking at NEO, OMG and ARK.
Click to expand...

I'm not selling shit, wish I had funds on standby though to buy at these prices. Didn't expect this mayhem.
 
D

Donos

Member
Would add ARK, OMG, IOTA and SIA to my stack if i wouldn't have already a mountain of things to pay this month...

Since everything have is profit from getting coins cheap, i don't have the urge to sell anything.

Feel the people who bought in last week or so. -30 % down as a newcomer in crypto is probably not the most enjoyable experience
 
T

TheDoldrums

Member
Ether_Snake said:
Everything could essentially go down to zero, putting the genie back in the bottle and throwing it down a volcano. Governments, especially China, could use the law to keep cryptocurrencies from reemerging until they can create one that works under their desired framework.
Click to expand...

Short of destroying the internet, governments can't shut down a decentralized cryptocurrency.

Bitcoin was $600 a year ago. Now a crash to $3000 has people talking like the end is upon us.
 
N

NetMapel

Guilty White Male Mods Gave Me This Tag
This is a rather big correction going on... I wonder if it will mean a rebound in the upcoming months though as people feel it's a good time to buy.
 
D

DrM

Redmond's Baby
tzare said:
any chance BTC goes below 2000€?
When will this china thing come to an end??
Click to expand...
Chinese exchanges must meet new rules until 30th September. On 18th October 19th Party congress starts and there they will probably take decisions how crypto will be treated in the future.
 
T

tzare

Member
DrM said:
Chinese exchanges must meet new rules until 30th September. On 18th October 19th Party congress starts and there they will probably take decisions how crypto will be treated in the future.
Click to expand...

oh, it seems i just started with this crypto thing in a tumultuous time, guess inestablity will be a thing for a few weeks then.
Let's see what happens, tempted to buy but have the feeling it will drop even further until everything calms down again.
 
D

Donos

Member
tzare said:
oh, it seems i just started with this crypto thing in a tumultuous time, guess inestablity will be a thing for a few weeks then.
Let's see what happens, tempted to buy but have the feeling it will drop even further until everything calms down again.
Click to expand...
Probably good to wait to close before 19th oct and then ride the relief wave.
 
C

Crispy

Member
Donos said:
Feel the people who bought in last week or so. -30 % down as a newcomer in crypto is probably not the most enjoyable experience
Click to expand...

I'm really enjoying this actually. Made some money, made some stupid newbie mistakes, got to know a nice community and learned a lot!

I'm just glad I put some money aside for this and am sticking to that. Although I probably will start buying when everything hits rock bottom.
 
T

tzare

Member
Donos said:
Probably good to wait to close before 19th oct and then ride the relief wave.
Click to expand...

yes, that is the idea, however it is tempting to buy, placed an order to buy BTC if it goes down to 1800€, but i feel that it can even go lower , we have almost a full month until this may end.

I'm really enjoying this actually. Made some money, made some stupid newbie mistakes, got to know a nice community and learned a lot!

I'm just glad I put some money aside for this and am sticking to that. Although I probably will start buying when everything hits rock bottom.
Click to expand...

i just spent 200€ ten days ago buying BTC/ETH/LTC/ark, to se how things work, now i have lost about 25% but i guess will go up eventually, My idea is mid to long term so not really worried,. HAve 100 euros more waiting to buy at low prices too.
 
B

Borboleta Amarela

Member
I managed to get some funds on an exchange and I'm very tempted to short bitcoin. If we go through 3000$ I think we'll dip some more.

Anyway, I'll just stock up on ARK, IOC and WTC.
 
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