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The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

  • #1,481
  • Edited 4:16am May 24, 2018 4:06am | Edited 4:16am
Quoting Not-KPMG
{quote} Yes. i was smart educated idiot. Not sure of this blockchain also mean not any kind of hoarding!) to replace the financial institutions wich pulls the levers on money for the capitalism cycles not to degenerate in awful crisis... But it's hard for banks to acquire millions bitcoin Then with limited supply it can't be used for crash. So we people hold 90% of bitcoin and when Big investors come ...
Dear friend,
Big Investors and no political control can also mean potential monopolistic behaviour !
...and we will find ourselfs back into Middle Ages monopolistic Land Lords fastidiousness ...booooo!

Technically the role of the Central Banks is actually to keep the economy in check, not to steal people's money!
We, the people, we should fight against the corruption, not the system by all means!
If we kill political control, we risk to find ourselfs in a bigger shit ...just saying as a possible outcome...

I think we use to see only the dark side of the current system ...because we've been hurt in our "childhood",
...maybe pop KPMG kicked ass hard sometime?
Or it might be lucrative for us to work for people with crypto plants and we don't need to bother about the moral principles?...

Anyhow, smart traders and people like you, me and many others here, will make it either way, I'm sure

Crypto forever!
Member
  • #1,482
  • May 24, 2018 4:19am May 24, 2018 4:19am
Quoting Not-KPMG
{quote} Hmm. True...but... Panic attacks and butt-hurt people No offence. LOL. It's fraction of Verge added, like 1/6th percent... Yet losers screaming amd selling - they lost 18% just now. I'll admit i have many thousands Verge.... and don't care . At 4 cent is nothing , buy it = simply stealing I was going to add ADA, EOS.....GRS, but adding Verge first Thanks crybabies , Pornhub , McAfee ..!! 4 cent only Do you remember bitcoin at 4 cent no??? ...

It lost 18% because people can't ignore that it's ****coin anymore

I don't get the "4 cent is nothing" thing - Verge will never be worth 10 bucks, nevermind 20,000.

Even if it hits Bitcoins market cap it would only be worth like 8 bucks - and it's going to keep losing ground until they get some competent people or it just falls (as only the brainwashed stay in on a privacy coin that isn't private, has bad coding, stupid gimmicks that are bribes paid for out of begging, and isn't even secure) which is the complete opposite anyone would want from a currency.

The only crumb of comfort so far is that the "bad actors" actually want the coin to be worth something so they can swap it after stealing. When one decides to nuke Verge, it won't be "When lambo?" it'll be "When homeless?"
  • #1,483
  • May 24, 2018 9:56am May 24, 2018 9:56am
Added some nitro, 0x, dignity, and putincoin lol.
  • #1,484
  • May 24, 2018 10:28am May 24, 2018 10:28am
U.S. regulators are looking into Bitcoin pricing and manipulation....
https://www.telegraph.co.uk/technolo...-manipulation/
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,485
  • May 24, 2018 11:02am May 24, 2018 11:02am
Quoting Catch-22
{quote} It lost 18% because people can't ignore that it's ****coin anymore

I don't get the "4 cent is nothing" thing - Verge will never be worth 10 bucks,..
. When one decides to nuke Verge, it won't be "When lambo?" it'll be "When homeless?"
Come on buddy

If people lost 18% in general... Well I personally have not felt it
People lose at selling point. I'm exactly the same Verge holder as yesterday Fluctuations yes, don't care though.

Verge is a great coin. i don't expect 10 bucks, but $1-2 certainly .
Patience !!

Sunerock and other guys will manage the issues.

Plus Verge is like 8% of my portfolio, i wouldn't cry much is drops more...will add then
Beware of robber banks (RB), bad advisors.
  • #1,486
  • May 25, 2018 12:46am May 25, 2018 12:46am
Quoting Exodus
U.S. regulators are looking into Bitcoin pricing and manipulation.... https://www.telegraph.co.uk/technolo...-manipulation/
Yes!!!

A regulated market is a good one.

Big investors are affraid now...
Beware of robber banks (RB), bad advisors.
  • #1,487
  • May 25, 2018 2:58am May 25, 2018 2:58am
Quoting Not-KPMG
{quote} Yes!!! A regulated market is a good one. Big investors are affraid now...
They should be - with this manipulation people are getting wrecked.
  • #1,488
  • May 25, 2018 8:12am May 25, 2018 8:12am
Quoting Catch-22
{quote} They should be - with this manipulation people are getting wrecked.
That's overstated..

Truth will be - day traders getting shafted.

People like me - holders - laugh at it and buy every 15% dip.

Not an advice - it's just my long term view...
Beware of robber banks (RB), bad advisors.
  • #1,489
  • May 25, 2018 11:14am May 25, 2018 11:14am
It's hard, I've done really well trading against ETH and BTC trying to compensate for the bear market, the stuff I'm holding has slowly gone to crap sadly in comparison. I know what I am doing though, and I don't panic.

I'll sell it all at some point if there's another good bull run and wait for the crash - coz these crashes are killing my patience.
  • #1,490
  • Edited 11:53am May 26, 2018 10:33am | Edited 11:53am
Quoting Not-KPMG
An introduction to bitcoin /crypto.
Part 1
the basis of crypto - a remedy for financial recklessness.
Paper, fiat = cr.p...
The five qualities we need to search (to get rich ) are POPULARITY, UTILITY, PRIVACY, SCARCITY, CHEAP PRICE!! ...
Part 4a. 
Privacy

Mr.T did some try...but I'll focus better.

Why is privacy important , why private coins will go up?

Privacy is a human right! Enough said

What's a private or anonymous coin? A coin that hides the origin address , the destination or the amount. Bitcoin e.g. blockchain is so transparent Your wife of some criminal can find your history - porn shop or car purchase (I want Maserati)...
We need coins that hide the worth of our savings, the addresses etc. Like bank account - all info is private, not spray painted outside the bank

Few types of anon coins exist : Cryptonite like Monero, XDN, AEON. Zerocoin ones. Masternodes like DASH, SYS, DMD . Some new fancy coins - ENG, GRS, CLOAK, ONION, Verge, KMD, EXP .... And others. XST, BCD, BCA . Picture below .

I exclude suspicious coins like BTCP, Zcash. Don't go there.

I got 3 angles to discuss :

First the dumbos and crybabies angle !!!
Bitcoin is bu-bu-laaaaaaa , crypto is used by crimi-naals!!?
Morons can't be more wrong !!
Why - because bitcoin and even anonymous coins are way more traceable than paper, gold, betting chits, hookers, bribes... Duhhhh. .

What were criminals using before 2009??? Duuuhhhh .

Here's a hypothetical money laundering situation
You go in the bank with $50000 dirty smelly rumpled notes with white powder on.
-Where u got these , sir??
- Found them on me train bubba, under some magazine !!
- Welcome to our bank sir!!! Coffee , car, hookers ?
Duhhhh.

Now same situation with crypto coins :
-Where u got these , sir??
- Found them on me train bubba, DASH was under some bottle , PIVX and XDN were spilling from the table !!
- ????? Hold on to call few policemen !!
Duhhhh.

Now the angle of normal people who own crypto.
Tomorrow you go into the shop to buy whiskey bottle . Most expensive is 0.0001 bitcoin for Black label Johny
The guy gets your bitcoin and checks your transaction history ...
Oh look....there's balance of 40 bitcoin worth 2 million ?!?
Previous history reveals you bought 2 Lamborginis, island in Greece , 5 houses....
Chain of transactions goes back to 2012 when you bought 1000 bitcoin from some exchange .!!!

So when u go next in the shop...they wait for u with a baseball bat and beat you enough to give them all 40 bitcoin .
Now you think bitcoin is not so great and should go the privacy coins route

To be continued.... with tax inspection angle...
Attached Image (click to enlarge)
Click to Enlarge Name: compare Part, PIVX, DASH, XMR.jpg Size: 155 KB
Attached Image
Beware of robber banks (RB), bad advisors.
  • #1,491
  • May 27, 2018 5:41am May 27, 2018 5:41am
Short discussion on privacy here

https://www.reddit.com/r/CryptoCurre..._coin_and_why/

Read, research....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Verge features n.jpg Size: 92 KB
Click to Enlarge Name: review anon crypto.jpg Size: 100 KB
Beware of robber banks (RB), bad advisors.
  • #1,492
  • May 27, 2018 8:37am May 27, 2018 8:37am
Quoting Not-KPMG
An introduction to bitcoin /crypto.
Part 1
the basis of crypto - a remedy for financial recklessness.
Paper, fiat = cr.p...
The five qualities we need to search (to get rich ) are POPULARITY, UTILITY, PRIVACY, SCARCITY, CHEAP PRICE!! ...
Part 4b. 
Privacy contined

Read above post.

So, third angle : the taxman, police, regulator

An open ledger as Bitcoin is so transparent that any moron can follow it. It speaks volumes for the mental incapacity of crybabies that they scream about criminals using bitcoin. Yeah right
Fact is, that anonymous crypto, McDonald's voucher, paper etc are traceable at the point of conversion - with traditional system. A bank, a car dealer, gold depositor...

Take a brick of gold - with acetylene torch you can destroy the marking. Boom
Take Monero, PIVX, Zcoin - when was the last time anyone erased a transaction ???

So when taxman needs to check you, what's easier - ball of toilet paper a.k.a. money or indelible transaction e.g. crypto??

Types of privacy methods:
As i said, you can hide origin address, destination, amount or all. Take PIVX, GRS - you get optional privacy. You pay 20 cent more and all private.
Some has mandatory privacy - the Bytecoin, Monero family.
Some use an extra public key to hide your real address... BCD has it ...

Monero, AEON has a extra key called View Key. If you want you give it to someone like tax auditor, police etc and they can see the destination and amount. No key - just origin address like a door in the desert - useless info

All these make the blockchain more private- immune to thieves, wives, stalkers ....- but with all transactions there, if police asks you have to produce the wallet(s) and all transactions. Then you're OK.

So anonymous coins are one extra crypto benefit, not some monster
Beware of robber banks (RB), bad advisors.
  • #1,493
  • May 27, 2018 10:49pm May 27, 2018 10:49pm
Quoting Not-KPMG
Short discussion on privacy here https://www.reddit.com/r/CryptoCurre..._coin_and_why/ Read, research.... {image} {image}
if you buy that crap verge you deserve to go bankrupt i mean seriously. They were 51 pct attacked and also has a timestamp issue where ppl were creating blocks at random timestamps creating forks.
  • #1,494
  • May 28, 2018 12:43am May 28, 2018 12:43am
My guess on this is crypto currencies are safe and secure to some extent in terms of keeping your money in the account because I guess you can encrypt your whole computer drive and web browser with a 128 bit key but somewheat suspicious bit of atention grabbing aspect of storing your whole money online is that some people are not that tech savvy like most of you and they may make misleading analysis of where price of bitcoin may go in the next days so others may be influenced by their analysis to some extent and grab attention for a period of time and boom you have a real problem on your hands because your crypto floats at a -0.0000420 crypto coin and my guess it would be difficult to some extent to prevent people from going to social media and posting their crypto and their analysis.
  • #1,495
  • May 28, 2018 5:58am May 28, 2018 5:58am
Quoting sidhujag
{quote} if you buy that crap verge you deserve to go bankrupt i mean seriously. They were 51 pct attacked and also has a timestamp issue where ppl were creating blocks at random timestamps creating forks.
Nobody deserves to get scammed.
Although I agree some people seem brainwashed into making some "investments".
Hodling and keeping sinking money into something like Verge when there are others out there seems crazy to me, but I have about 10 different coins.
  • #1,496
  • May 28, 2018 6:46am May 28, 2018 6:46am
Quoting Catch-22
{quote} Nobody deserves to get scammed. Although I agree some people seem brainwashed into making some "investments".
Hodling and keeping sinking money into something like Verge when there are others out there seems crazy to me, but I have about 10 different coins.
Nobody knows the future
I have 40+ coins. And don't even know what percentage i hold each.
Different wallets...

You guys buying EOS QRL these days?
Beware of robber banks (RB), bad advisors.
  • #1,497
  • May 28, 2018 6:51am May 28, 2018 6:51am
Quoting Not-KPMG
{quote} Nobody knows the future I have 40+ coins. And don't even know what percentage i hold each. Different wallets... You guys buying EOS QRL these days?

Nope, not interested in EOS at all tbh.
  • #1,498
  • May 28, 2018 6:52am May 28, 2018 6:52am
Quoting sidhujag
{quote} if you buy that crap verge you deserve to go bankrupt i mean seriously. They were 51 pct attacked and also has a timestamp issue where ppl were creating blocks at random timestamps creating forks.
Everything has problems.
Monero had problems

Jesus, Moses had BIG problems

Your SYS isn't rocket ship either

Anyway!

Why's bitcoin volume on 4 billions?!? Damn low.
Beware of robber banks (RB), bad advisors.
  • #1,499
  • May 28, 2018 8:23am May 28, 2018 8:23am
Prices in USD I'll be buying at
BTC - 2k
XRP - 0.05
LTC - 10
ADA - 0.02
DGB - 0.005

Other than that I'll stay away as it is pointless to add to losing positions and atm I lost probably 50-60% of invested money.

Lets not lie guys - it will take quite a few years till crypto will be widely in use - quite possible in 5 years all these coins will be worth as much as disk space they take (including bitcoin that is not the fastest nor cheapest to use, it was just first of it all). It is possible there will be better, cheaper in use, safer and faster coins in the future, and as crypto will be rather international currency than territory based - only few will be needed, same as for the credit/debit cards there is only few (VISA, Master Card and American Express that's not even accepted everywhere) and I bet in the past there were more - lets not cheat ourselves - who needs hundreds of credit card providers? who needs hundreds crypto types? - 5 to 10 and it will be it, you don't need separate crypto for each industry.
I can't see rapid rise in crypto in near future as at the moment it's price depends only on buyer's faith and looking at the prices I can't see much faith here.

Not-KPMG you can call me crybaby or whatever, but have you ever asked yourself a question - "what if I'm wrong?" ;-)
It's like a lottery and as much as I hope to earn a lot on my HODL - I am not so sure of it at all.
On my way to financial independence - if others can do it - I can do it
  • #1,500
  • May 28, 2018 3:25pm May 28, 2018 3:25pm
Folks don't forget to register EOS.

Or buy!!


I hear it's shooting up soon.
Beware of robber banks (RB), bad advisors.
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