Torque ... Are kickin back on da bubbly?
Probably will this weekend |
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bitcoin was such an amazing idea, so much potential...
it's failure is seriously bumming me out
Alright! That's the spirit. Capitulation, FUD, despair, resignation. Everybody join in.  RIP Bitcoin  https://99bitcoins.com/bitcoinobituaries/ |
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Am I doing this right ?  My my look at ya'll with your kool light up keyboards and shit |
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 and who doesn't know this story  That's really stupid sheep mentallity Oo Why wanting to buy at 20k and not at 3k7? oO They have seen already on what happened on the price and for those people who dont know on how crypto moves would definitely have the same impressions. They would start to buy in when they do already saw bitcoins price tends to rise up again.This is what most people do really likes to do. It's because they now have fear that they don't know where the bull run really started... and they fear it could be walked all the way back to ~$400, lol. |
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When I dumped that BCash shit ~$300 I thought later I had made a mistake...missed op to profit a little more...
*Now looks at BCH price*
Lololololol
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It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.
Again, the market disagrees with you. You're entitled to your personal opinion but that doesn't change the reality of the situation. So what's your point? It doesn't matter what I think. Markets give value to worthless companies all the fucking time. And people stupidly put money into them. Look no further than Tesla for an example... a company that supposedly has a market cap of $63B and share price of $360, but bleeds money, is virtually bankrupt and will probably write down a loss of at least $1B next year. And then EVs coming from Audi, Porsche, and Mercedes will eat their lunch. |
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I don't understand all this hate for ETH... It supports this gigantic, flourishing ecosystem of projects -- yes, many of them are shit but some of them are pretty interesting and legitimate. I think things like Maker, Augur and 0x are at the very least entertaining experiments that push the bounds of what can be done with the blockchain. Decentraland is also interesting as well.
Then you have stuff like Cryptokitties which is pretty effing pointless. I dunno, I just think even if the price sinks to $50 a coin it will never go away completely as too many other projects are dependent on it.
You don't understand the hate? Seriously? Let me explain. None. Of. Those. Zero. Money. Making. Experimental. Projects. Justify. Ethereum's. Exchange. Price. Period. It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage. |
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My spidey senses are tingling
There is doom in the air.... and not just in Bitcoin/Cryptomarkets
Something wicked this way comes
Nah... Plunge Protection Teams and Bearwhale Slayers are waiting in the wings to save the day |
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At the same time I don't think it's going to stop the zombies trading ETH for a long arse time yet. No one is yet to care about actual uses for things like this. If Ripple can be older than BTC and still have achieved precisely fuck all and still be worth what it is, we have a long way to go before sense reigns.
Nailed it. Apparently the n00b crypto kiddies are oblivious to the fact that there are zombie penny stock companies that have sat wash trading in the pink sheet markets for decades. They have done fuck all and yet they still have a value and are still PnD'ed every now and then. But teh crypto kiddies don't think this situation applies to their special snowflake scamcoin du jour? |
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For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it. I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going... You know a scamcoin like ETH is in trouble when: a) after years of development, still the use case and business case can't be found by anyone, including Vitalik b) zero adoption for said use case, because solution still looking for a problem that doesn't exist, and c) something is already coming along deemed as "better than" ETH (which is a joke in and of itself)   |
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OT: https://www.cnbc.com/2018/12/04/cramer-this-sell-off-was-caused-by-a-computer-driven-footrace.html"Here's the problem: there are now so many hedge funds using the same algorithm, same programs [that] there simply aren't enough investors willing to take the other side of the trade. If we all know that stocks go down on certain triggers, then who the heck would want to buy stocks?" Cramer said.
"That's how you get a day like today, where the market goes into free-fall," the "Mad Money" host continued. "When the percentages are against you and the algorithms are in charge, ... nobody wants to try to be a hero and bet against them."
It's like ol' Jimbo is literally confessing to the market manipulation via algos. And is it really any different in the Bitcoin market? I don't think so. |
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Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? "
All Tesla batteries are are a mountain of Panasonic 18650s bunched together. They're slightly larger than an AA battery. If your battery dies, order thousands of them from Ebay and the family Christmas can be spent with everyone stuffing them into the battery tray. Should be done by New Year. The battery longevity stats are actually seriously impressive. There are 200,000 mile cars with about 85% capacity left. That may be true, but I still think until the whole EV industry standardizes on components like standard batteries, EV cars will kinda remain "throwaway" vehicles. Because of the fast turnover of the still evolving technologies. Not like my classic truck that is 48 years old, runs like a champ, and still has parts and components that are easily available. It's the software side of things that's more of a concern, especially if your car is 'blacklisted' for a non official repair. I don't think people will take too kindly to the cloud esque form of 'ownership' compared to the traditional one when it comes to cars.
Yep, that is a very serious concern. |
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Sold my M4 convertible to a friend of mine a few weeks ago.. It is an amazing car.. No way I would buy a Tesla  Teslas will have zero long term resale value. Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? " |
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Not sure if this was already posted, please don't kill the messenger as i don't agree with lots of these points. However, this shows where institutional investors (aka hedgies) are on this. https://twitter.com/DoveyWan/status/1068573163670261760In short: institutionals are shell-shocked and bewildered. My take home message from this particular tweetstorm: small size institutional money will not participate from now on. TL;DR she predicts that, similarly to how internet happened, blockchain will eat the world, but somehow traditional players (Fidelity, Paypal, etc) would be the winners and we would be the losers. I disagree, obviously. It's really frustrating because when the smoke clears on all the bullshit, shitcoin scams, and ICO scams, it's clear to anyone that gets involved with the crypto space that the entire industry/ecosystem hinges on Bitcoin TM being successful. It begins and ends with Bitcoin TM. All the other crap is just noise and nonsense. I think everyone realizes this by now. If every company out there would just rally around Bitcoin TM, create services and job opportunities exclusively for Bitcoin TM, and integrate with it exclusively, there would be zero, I mean ZERO downside to that. Bitcoin would be fully supported, miners would get 100% behind it, R&D development would get behind it, investors would get 100% behind it, etc. End users would not be so confused on what to buy and why -- they would know exactly what to buy: Bitcoin TM. But no, everyone wants to recreate the wheel with their own one-off, co-opted and privatized blockchain and their own coin. Well good luck with that. All those efforts will fail massively and spectacularly. It really is the public Internet vs. privatized Intranets battle all over again. Have we learned nothing from that? |
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Whisky I mostly enjoy for exploring what the fuck is going on with taste buds.
Anything in particular that you'd recommend? I'd like to up my whiskey tasting game a bit. Depends what you're into. I'm quite fond of Caol Ila 12/18 which is peaty, but not as much as Laphroaig, and with a buttery/oily mouth feel that I quite appreciate. My favourite whisky (so far with my limited experience) would be a Glenmorangie Signet though, which is quite sweet and actually has easily discernible notes of toffee, chocolate and less obvious coffee that you don't normally find in whisky. As far as non-scotch goes, Japanese whiskies that I enjoyed were any Hibiki, Yamazaki, and Nikka Coffey Grain. They're much tamer than scotch, but interesting drinks nonetheless. Thanks for the recommendations! Haven't really played with American whiskies yet, but Maker's Mark is quite nice and very cheap.
Russel's Reserve Single Barrel Rye is a good one. And then there's options like Woodford Reserve and Wild Turkey 101... American staples that are quite nice. Not into the really peaty stuff for whiskey, I like something in between with a hint of sweetness. Although I'm not much of a drinker anymore, had to give up weekly drinking about 5 years ago. Now I just like to taste something good and pure now and then, especially around the holidays. |
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Whisky I mostly enjoy for exploring what the fuck is going on with taste buds.
Anything in particular that you'd recommend? I'd like to up my whiskey tasting game a bit. |
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OT: The stock market action this year and the MSM "narrative" around it is hilarious.
There is no sell off. This whole year has been an "engineered correction." When the U.S. Congress passed the corporate tax repatriation bill in 2017, are people really so stupid as to think they'd immediately start mega stock buybacks in the first quarter of 2018 when stock valuations were sky high? Lol
Look for stocks to start climbing again next year....once they finish buying the bottom they shorted and created.
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While there are many estimates of bitcoin’s cost of mining, most suggest it is close to $5,000 per coin.
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Imaginary, valueless tokens are impossible to act as collateral for anything.
All those digital blips of trillions in fiat currencies, digital assets, and stock shares in databases around the world would disagree with you. |
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