TheDAO should have been a warning to these new folks who did not yet lost money in the 'crowdfunding' scene.
We've been there already as I raised the red flag about a week before the attack: https://bitcointalk.org/index.php?topic=1504662.0I did not researched the DAO, because I simply didn't care about what it is. But recent news surrounding its flaws made me look a bit deeper and even I who am not a developer saw the possible outcome. Now this pretty much is happening with ETH. It just can't sustain all of these "projects" and the balloon will burst, but this time the DAO will look like a joke. And what bugs me the most... Let's talk about money. I made a decent amount of money during my years in crypto, but I'm not even close to a millionaire. And if I start calculating all of the coins I had in the past, then my net worth should be probably in the $5-10 Million range. But why it isn't? Because I'm not buying these crap... as simple as that. Did I missed 10s and 100s of trains? Yes. Do I care about it? No! But one can say I am successful (I did not lose money, I bought some things from profits in the past) and if I was a hypocrite (which I'm not), then I will be able to fund such project by myself. Why they need money if they were so successful? Just do some premine and run it for free. If your project is good enough it can again make you millions (because they're all after this - making money). But this way they can fail and blame others. And more important: to bail out, as the DAO did. As you have rightly said that you only invest in project that you believe in, then you equally don't have to castigate others in others in the project that they also believe in just because they didn't see it the way you see it. For the mere fact that I am putting my money in a project even if its for one day accounts to the fa t that I believe in it.m because believe in itself is a subjective matter which is not universal to every one on the planet to follow through. You got this wrong. There is a "tiny" difference between "investing" in a project, which you believe it will "succeed" in 2 weeks or 2 years. Majority of the people are just buying and selling "the coin of the day", without bothering what may happen with it in future. And they move on. I do not care about these people as it is their right to do so, but that's not the main problem here. Back in the days we had a few obvious scams, which is pretty normal, but now we have people who are investing billions of $ in a broken technology. And main problem is that they know it, but they do not care as long as they are "sure" it will make them profit. On the other hand we have hard working people, who "invested" not only their money, but their lives as well. And one day they'll all see their work valued at 0, because of a few million greedy f*ckers. |
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Don't you guys want to create some project and see its success? Or just "invest" in some that you really believe in and watch it growing over the months/years? This will be eventually taken away from you, because of people who are seeking for money to buy boats and b*tches (we even had such ICO... and it raised money).
But yeah, keep saying its crypto, it is how it is etc...
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You seem quite negative and upset.
You should just relax and play with money you can afford to lose.
"The stupidity of crowds" what does that have to do with anything? Yes, 90% of people are as dumb as a bag of hammers (probably me included, lol), so what? It is irrelevant.
Have you seen the S&P 500?
I've seen people fight it for the last 8 years using all kind of reasonable arguments.
We are at all time highs and we are going MUCH HIGHER.
Have you seen the price of real estate?
I've seen people fight it for the last 20 years using all kind of reasonable arguments.
Don't overthink it. Don't fight it.
Play with money you can afford to lose and enjoy the ride up with all this junk.
Good luck!
I get your point and I've seen enough in my life, but thing is that I'm not thinking about myself only. I will not lose any money (only a "potential profit"), but I do care about the whole ecosystem. We should defend digital currencies, not taking advantage of them. But please don't mind me. I'm just a guy who "missed the train".
It looks like some of the things you said are outright true,but one thing when it comes to grabbing the opportunity to grab it without thinking too much,yes these ICO's coming on a daily basis is just atrocious but is it stopping people from investing in it,everyone is looking for the next big thing to increase their assets and just enjoy the ride now because it wont last forever.  Grab it? Do you realize that when you are buying/selling/trading a certain currency/token/whatever, which eventually turns into scam or just fails, because they promised more than they can deliver, makes you one of them? That's why I stopped trading for like an year and a half, but started again about a month ago. Decided to be a hypocrite for a while, but even now I do not buy anything I don't believe in. What makes you think the ico people still have their eth??
What's your point? My point was that these ICOs are mostly scams or doomed to fail. Scams/failures have two excuses: a) don't invest more than you can afford to lose b) its a technology man, we did our best Some of them may succeed and they can only say: a) we told you so! But do you know what do both (scams/failures and successes) have in common? They all raised millions of $. Its a win-win situation... simply BEAUTIFUL! |
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very nice ...
#crysx
Awesome bud, sorry for the lack of input!
No worries, Adam. I'm not in a good shape either. Worked 23 days last month, now in June and July I am working 6 out of 9 weekends + 2 public holidays. I can't wait for my vacation, which starts in the beginning of August, but I want us to finish this before then. I have these 2 days off and I'm beaten, but tomorrow will try to come up with some ideas, which we can discuss on Telegram. crysx, you are on the equation as well.  Cheers, Spartak |
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Give me 10s of millions $ and I'll be here to support it too. Hell, I will even quit my job and will be 24/7 on Twitter, conferences, bitcointalk or... whatever. And if/when it fails, well... I can blame the lack of experience and my premature decisions.
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It's preposterous, but we're powerless to stop it. ETH will have a crash landing, it's not a matter of if, but when. So, how do you position yourself? Probably by holding BTC.
Thing is that BTC will crash too. Not to mention all these soft/hard fork camps, which are leading twitter, reddit and github wars, instead of reaching to some agreement, which could benefit us all. |
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It looks like an organized attack on common sense is going on from all the newborn eth accounts, buy buy, to the moon hype is at a huge level, now I know I am a new member here but it really looks ridiculous and so obvious scammy... All the ICO's, all the shitcoins launched everyday by "global cryptographers and engineers" makes me wanna puke, "1 billion times faster than bitcoin, no fees, quantum proof", I swear I just want them to stop already, 3 years already launching shitcoin after shitcoin, putting a billion (or more!) of coins into circulation and talking about market capitalization, Carl, market capitalization on some numbers on their code!
Only one thing gives me peace of mind - all the ignorant idiots who can't read and see the obvious signs of scam are gonna have a bad time and they are f*cking deserving it as they practically asked for it every god damn day since they got into the pump & dump, ponzi, schemes.
And no, I am not mad as some of you may wrongly think, in this way I added some emotions so maybe, this time, some idiot will wake up and see what a real coin is and what is a shitcoin.
I'm not mad too, but if some people decide to organize to give all these scammers a good ass whoop, I'll be in the front lines. |
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TheDAO should have been a warning to these new folks who did not yet lost money in the 'crowdfunding' scene.
We've been there already as I raised the red flag about a week before the attack: https://bitcointalk.org/index.php?topic=1504662.0I did not researched the DAO, because I simply didn't care about what it is. But recent news surrounding its flaws made me look a bit deeper and even I who am not a developer saw the possible outcome. Now this pretty much is happening with ETH. It just can't sustain all of these "projects" and the balloon will burst, but this time the DAO will look like a joke. And what bugs me the most... Let's talk about money. I made a decent amount of money during my years in crypto, but I'm not even close to a millionaire. And if I start calculating all of the coins I had in the past, then my net worth should be probably in the $5-10 Million range. But why it isn't? Because I'm not buying these crap... as simple as that. Did I missed 10s and 100s of trains? Yes. Do I care about it? No! But one can say I am successful (I did not lose money, I bought some things from profits in the past) and if I was a hypocrite (which I'm not), then I will be able to fund such project by myself. Why they need money if they were so successful? Just do some premine and run it for free. If your project is good enough it can again make you millions (because they're all after this - making money). But this way they can fail and blame others. And more important: to bail out, as the DAO did. |
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This bubble of ETH based ICOs will most likely eat our asses pretty soon. What happened with decentralization? a) We have a "Put_your_name_here" project with a minimum goal of (say) $5 Million + 30-50% premine - for "future development" and developers. b) All of these projects (and I'm not saying this for the first time) have CEOs, CTOs etc., which has nothing to do with decentralization (as they should not be a company, nor they should have a huge premine). c) Most of the people involved in these projects are with huge experience. Their combined experience is twelve billion years in the industry! They already launched five million projects with a combined turnover of USD $120 Billion/week. Yet they are asking for your money? Should I mention the current issues of ETH? And in five weeks/months/years, when the bad Americans (or Russians, just pick a nation) comes up with some law, you are all crying: "These bastards are f*cking with Bitcoin!  ", and believers: "Nothing can stop Bitcoin, even if they dump it down to $10!". But please don't mind me. I'm just a guy who "missed the train". WTF is wrong with you people?! |
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FYI,
Panoch started testing the new BLK code. They had some problems with compiling a MAC wallet, but it appears they resolved them.
Cheers,
Spartak
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Litecoin ATH on Kraken in 2013 was ~ $63 so still need to get over that before
And can you share how many coins were in sell orders between (say) $50 and $63? I guess not. I'm also not sure how big was their volume back then as I'm not following Kraken closely. Anyway... a momentary movement on a certain coin's price can determine its average price, but even back then LTC didn't passed $50. As far as I remember it reached $48, or $46 - can't say for sure. Where can we verify the average value over the history?
But quite impressive Litecoin not being dumped harder, I think it is just gaining momentum for another jump that might test the $100, or even more.
CoinMarketCap, but a lot of exchanges are now gone, so it's a bit hard. But I am quite sure LTC never surpassed $50. |
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I dont consider this new ATH. on bitfinex the top today was 49.99, BTC-e 49.48.
All time high so far on bitfinex $55 in nov2013.
BTC-e was 48.48 in 2013 (so new high there, but close and only briefly, so it was actually retest)
So no, not new ATH yet for me, until it makes significant breach and sustain it for longer than few minutes
ATH if we talk about average price. LTC has never surpassed $50 on average. |
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Over 1000% increase for the past 3 months and that's actually a coin who deserves it. I am very happy for the ones who hold! All hail LTC!
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I have just noticed i have 10593348.11541477 FAIL.....what can i do with them?
Nothing, unfortunately. I am assuming you have these coins, when FAIL's supply was billions. We made a swap long time ago. ah well.....not rich this time....thanks for a quick response...good luck with project Don't be stupid! Download the wallet, sync and PM me with your address. I'll see what I can do for you. |
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I have just noticed i have 10593348.11541477 FAIL.....what can i do with them?
Nothing, unfortunately. I am assuming you have these coins, when FAIL's supply was billions. We made a swap long time ago. |
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Put some more shills here to comment, this is not enough.
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The silence from Haircut100 Spartak_nt and his goon sick sockie sidekick Spoetniktard is deafening. Remember kids these tards cost you, at the very least, a mortgage free life.
Why don't you show us your haircut, mining1? I will be glad if we even meet in person. Then we can measure our dicks if you want to - I had mine posted on IRC's topic some 16-18 years ago. This much I care about your opinion (but the difference here is that I CAN DO IT). All you can do is to hide behind your keyboard. |
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Most of the people here will tell you about 105 coins, which they think (and mostly - want) to increase in price. My advise is to spread your "investment" between BAT, SIA and Aragon. Problem here is that BAT and Aragon are based on Ethereum and I'm not exactly a big fan, but these are (probably) not pump & dump schemes and have much space to grow (given the fact what they can offer in future).
I believe there is a problem here we don't usually take into account. I mean the fact that one can not calculate the future truth. Even if the coins you named are potentially strong, they may die with their potency not being actualized ever. On the other hand, for some reason a worse coin might attract people's attention and become very expensive and used. Its just like with seeds. They all can turn into plants but some just won't. Agreed. But my only doubt here if the ETH tech completely fails (it is failing now, but question is if they will solve their issues, don't pay attention on price or the many ETH based ICOs), or some government makes some major negative impact. Nothing else. It doesn't matter if some other token/coin/whatever could make you x40 more profit from these three. All I know is that they will most likely go up. |
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Most of the people here will tell you about 105 coins, which they think (and mostly - want) to increase in price. My advise is to spread your "investment" between BAT, SIA and Aragon. Problem here is that BAT and Aragon are based on Ethereum and I'm not exactly a big fan, but these are (probably) not pump & dump schemes and have much space to grow (given the fact what they can offer in future).
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Just don't forget about ARCO's development or I'll personally beat you with people's wallets.  |
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