Author Topic: Cryptocurrency Master Thread  (Read 216607 times)

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Offline steve dave

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Re: Cryptocurrency Master Thread
« Reply #3700 on: November 17, 2021, 09:44:34 AM »

Offline Stupid Fitz

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Re: Cryptocurrency Master Thread
« Reply #3701 on: November 17, 2021, 10:26:24 AM »


I'm not even sure what this is from, (maybe dorky Star Wars stuff?), but it is such a great meme. This is a really good one.

Offline Kat Kid

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Re: Cryptocurrency Master Thread
« Reply #3702 on: November 17, 2021, 08:14:29 PM »
Ok buying BTC, ETH or both. 

What should my allocation be?

Offline yoga-like_abana

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Re: Cryptocurrency Master Thread
« Reply #3703 on: November 17, 2021, 08:20:06 PM »
Ok buying BTC, ETH or both. 

What should my allocation be?
Buy more eth. 70/30


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Offline Kat Kid

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Re: Cryptocurrency Master Thread
« Reply #3704 on: November 17, 2021, 08:34:43 PM »
Yeah I am already like 2.5 ETH to BTC.

Offline steve dave

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Re: Cryptocurrency Master Thread
« Reply #3705 on: November 18, 2021, 11:56:09 AM »

Offline chum1

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Re: Cryptocurrency Master Thread
« Reply #3706 on: November 18, 2021, 12:40:01 PM »
Haha

Offline Kat Kid

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Re: Cryptocurrency Master Thread
« Reply #3707 on: November 18, 2021, 01:38:53 PM »
That is fantastic.

Offline yoga-like_abana

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Re: Cryptocurrency Master Thread
« Reply #3708 on: November 18, 2021, 05:04:31 PM »
quit hodling in my tool shed


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Offline chum1

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Re: Cryptocurrency Master Thread
« Reply #3709 on: November 18, 2021, 05:37:38 PM »
Lol. This is awesome.

Quote
back in 1993, I registered the name crypto.com, which I've used as my personal domain as well as to host a variety of cryptography technology and policy resources.
...
Somehow, the word "crypto" has recently acquired an alternative new meaning, as a somewhat unfortunate shorthand for digital currencies such as Bitcoin.
...
I don't think conflating cryptography and digital currency will serve either field well in the long run, particularly as to how they're perceived by the public and policymakers. Surprisingly few of the important aspects of digital currency are directly related to its cryptographic components.
...
Last month [June, 2018], I reached an agreement to sell the domain. I have no idea what the new owner plans to use it for beyond what I read in the trade press

https://twitter.com/RMac18/status/1461437657821560833

Offline stunted

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Re: Cryptocurrency Master Thread
« Reply #3710 on: November 18, 2021, 08:21:27 PM »
700 million god damn

Offline steve dave

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Re: Cryptocurrency Master Thread
« Reply #3711 on: November 19, 2021, 02:12:33 PM »

Offline DaBigTrain

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Re: Cryptocurrency Master Thread
« Reply #3712 on: November 19, 2021, 02:33:24 PM »
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

https://blockstream.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

Offline Spracne

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Re: Cryptocurrency Master Thread
« Reply #3713 on: November 19, 2021, 02:34:29 PM »
Disappointed a KU booster didn't buy it so it could be displayed in the DeBruce Center.

Offline Pete

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Re: Cryptocurrency Master Thread
« Reply #3714 on: November 19, 2021, 08:20:28 PM »
Guys, is it all better now?!?!

Offline steve dave

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Re: Cryptocurrency Master Thread
« Reply #3715 on: November 19, 2021, 08:36:53 PM »
Yeah, now it is good

Offline steve dave

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Re: Cryptocurrency Master Thread
« Reply #3716 on: November 20, 2021, 12:34:52 PM »
this tether stuff is scary to me. if it comes out as the smoke and mirrors thing everyone says it may be then the entire crypto industry may just collapse to crap. not forever, but there's a solid -75% bear case there.

Offline Spracne

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Re: Cryptocurrency Master Thread
« Reply #3717 on: November 20, 2021, 02:12:59 PM »
this tether stuff is scary to me. if it comes out as the smoke and mirrors thing everyone says it may be then the entire crypto industry may just collapse to crap. not forever, but there's a solid -75% bear case there.

Tether stuff???!?

Offline steve dave

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Re: Cryptocurrency Master Thread
« Reply #3718 on: November 20, 2021, 02:29:41 PM »
this tether stuff is scary to me. if it comes out as the smoke and mirrors thing everyone says it may be then the entire crypto industry may just collapse to crap. not forever, but there's a solid -75% bear case there.

Tether stuff???!?

tether/usdt is what everyone uses to trade into and out of other coins. if you hear "stablecoin" that's what it is. it's like the currency of the crypto world. usdc is another one but it has much less volume. it's supposed to have exactly $1 in value at all times and be backed by an actual dollar for every usdt ever created. like when we were on the gold standard and all money had to be backed with physical gold and you could trade it for gold at any time. it has a market cap of like $75b so that's a lot of dollars that are supposed to be out there. but, like, the people behind it are very secretive about it and even combative when approached to prove they have a dollar backing all of it. a lot of people think it's smoke and mirrors and they don't have any actual dollars (or at least a lot less than they claim) backing the stuff. so say this becomes known it's going to immediately become worth WAY less than $1 and there's going to be a massive bank run to get out of it. I am probably not explaining all of this correctly but it's my understanding of it based off just a couple investing guy podcasts I have listened to.

Offline Spracne

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Re: Cryptocurrency Master Thread
« Reply #3719 on: November 20, 2021, 02:31:26 PM »
this tether stuff is scary to me. if it comes out as the smoke and mirrors thing everyone says it may be then the entire crypto industry may just collapse to crap. not forever, but there's a solid -75% bear case there.

Tether stuff???!?

tether/usdt is what everyone uses to trade into and out of other coins. if you hear "stablecoin" that's what it is. it's like the currency of the crypto world. usdc is another one but it has much less volume. it's supposed to have exactly $1 in value at all times and be backed by an actual dollar for every usdt ever created. like when we were on the gold standard and all money had to be backed with physical gold and you could trade it for gold at any time. it has a market cap of like $75b so that's a lot of dollars that are supposed to be out there. but, like, the people behind it are very secretive about it and even combative when approached to prove they have a dollar backing all of it. a lot of people think it's smoke and mirrors and they don't have any actual dollars (or at least a lot less than they claim) backing the stuff. so say this becomes known it's going to immediately become worth way less than $1. theoretically it wouldn't have any impact on BTC or others but the reality is that bank run will probably snowball into all crypto. I am probably not explaining all of this correctly but it's my understanding of it based off just a couple investing guy podcasts I have listened to.

Fuuuuuuuuuuudddgge! (Except I didn't say fudge).

Offline wetwillie

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Re: Cryptocurrency Master Thread
« Reply #3720 on: November 20, 2021, 03:29:45 PM »
this tether stuff is scary to me. if it comes out as the smoke and mirrors thing everyone says it may be then the entire crypto industry may just collapse to crap. not forever, but there's a solid -75% bear case there.

Tether stuff???!?

tether/usdt is what everyone uses to trade into and out of other coins. if you hear "stablecoin" that's what it is. it's like the currency of the crypto world. usdc is another one but it has much less volume. it's supposed to have exactly $1 in value at all times and be backed by an actual dollar for every usdt ever created. like when we were on the gold standard and all money had to be backed with physical gold and you could trade it for gold at any time. it has a market cap of like $75b so that's a lot of dollars that are supposed to be out there. but, like, the people behind it are very secretive about it and even combative when approached to prove they have a dollar backing all of it. a lot of people think it's smoke and mirrors and they don't have any actual dollars (or at least a lot less than they claim) backing the stuff. so say this becomes known it's going to immediately become worth WAY less than $1 and there's going to be a massive bank run to get out of it. I am probably not explaining all of this correctly but it's my understanding of it based off just a couple investing guy podcasts I have listened to.

You can’t convert USDT back to USD and that is a massive red flag
When the bullets are flying, that's when I'm at my best

Offline catastrophe

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Re: Cryptocurrency Master Thread
« Reply #3721 on: November 20, 2021, 10:47:55 PM »
Does anyone trade stable coin other than to get high interest rates on stuff like BlockFi?

Offline steve dave

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Re: Cryptocurrency Master Thread
« Reply #3722 on: November 21, 2021, 07:21:26 AM »
Does anyone trade stable coin other than to get high interest rates on stuff like BlockFi?

nobody does. but that's not their purpose. I'm just a n00b coinbase'r so when I buy in or out I always just use USD and not into any stable coin.

Offline steve dave

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Re: Cryptocurrency Master Thread
« Reply #3723 on: November 21, 2021, 01:03:42 PM »
Go SOL go!

Offline steve dave

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