mindrust
Legendary
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Activity: 3738
Merit: 2665
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May 30, 2019, 06:26:45 PM |
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Look at siacoin that i made so much profit on, it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes. Inginious idea, but still sometihing like only 10 terabytes used, when $150m is invested (or at least the market cap). thats 5 x $50 2TB harddrives.
Thats because every altcoin have its price pegged to bitcoin. Not just that, Altcoins have fake volume. If it is not fake it is tiny compared to bitcoin's. You'll probably be able to cash your $1m out on LTC for example (it won't be easy and also depends on the exchange's liquidity&activity ) but you'll definitely crash the market and won't able to find real buyers when you try it on some other shitcoin (like Verge?) without any real liquidity. BTC on the other hand, is the king of liquidity. You can cash out your position at any time and there will always be people who'll be willing to buy your stacks. That's not the case with alts. Most trades you see on the exchanges are bots trading to each other. When a real buyer/seller arrives their orders suddenly disappear. Make $1m on Verge and try to get your money and see what happens. (hint: you won't get shit) |
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jonoiv
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May 30, 2019, 06:28:28 PM |
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Look at siacoin that i made so much profit on, it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes. Inginious idea, but still sometihing like only 10 terabytes used, when $150m is invested (or at least the market cap). thats 5 x $50 2TB harddrives.
Thats because every altcoin have its price pegged to bitcoin. I wouldn't say pegged so much as reactionary to bitcoins movements. But during the long bear market from 2013 -2016, most alts were decimated until bitcoin revived. but a few good alts emerged during the bear market, ETH, Monero ect. |
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jonoiv
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May 30, 2019, 06:37:27 PM |
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butt-rekt day-tarding at the bitfinex casino and comes onto WO to cringe-whinge ... get a life, your next stop is a roach-motel shitcoin last-chance-salon exchange ... gambler's anonymous is a thing, you don't have to air your problem in a public forum, it's a mental health issue, keep it private. use roach as your dont-be-this-guy example
  Yer because buying a single $9000 cryptograpic line of code on a blockchain, doesn't seem like gambling to 99% of the worlds population. Every person that has ever brough any cryptocurrency is a gambler. |
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jonoiv
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May 30, 2019, 06:44:13 PM |
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butt-rekt day-tarding at the bitfinex casino and comes onto WO to cringe-whinge ... get a life, your next stop is a roach-motel shitcoin last-chance-salon exchange ... gambler's anonymous is a thing, you don't have to air your problem in a public forum, it's a mental health issue, keep it private. use roach as your dont-be-this-guy example
Yer because buying a single $9000 cryptograpic line of code on a blockchain, doesn't seem like gambling to 99% of the worlds population. Every person that has ever brough any cryptocurrency is a gambler. Bullshit, it's not gambling it's speculation. semantics  |
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Toxic2040
Legendary
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Activity: 1834
Merit: 4197
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May 30, 2019, 06:46:23 PM |
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(57 posts by 15 users deleted.) ...interesting.  *edit p.s. grats @jojo..yoink! |
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fabiorem
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May 30, 2019, 06:51:29 PM |
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Look at siacoin that i made so much profit on, it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes. Inginious idea, but still sometihing like only 10 terabytes used, when $150m is invested (or at least the market cap). thats 5 x $50 2TB harddrives.
Thats because every altcoin have its price pegged to bitcoin. I wouldn't say pegged so much as reactionary to bitcoins movements. But during the long bear market from 2013 -2016, most alts were decimated until bitcoin revived. but a few good alts emerged during the bear market, ETH, Monero ect. I asked in the altcoin forum if someone was making money out of Storj, which have a proposal similar to Siacoin. Nobody answered. These projects are dead. Im not saying the idea of renting your disk space is bad, though. |
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jonoiv
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May 30, 2019, 06:52:04 PM |
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I don't buy the "new money" argument. Have you heard Tom Luongo's latest commentary on that subject ? I think it's very interesting and analytical. Will drop you in at the interesting bit but the whole thing is worth listening to IMO.  i'll take a look tonight. thanks |
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4399
Be a bank
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May 30, 2019, 06:52:48 PM |
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the devs hold 85% of the siacoin ... because of things
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jonoiv
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May 30, 2019, 07:05:28 PM |
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Look at siacoin that i made so much profit on, it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes. Inginious idea, but still sometihing like only 10 terabytes used, when $150m is invested (or at least the market cap). thats 5 x $50 2TB harddrives.
Thats because every altcoin have its price pegged to bitcoin. I wouldn't say pegged so much as reactionary to bitcoins movements. But during the long bear market from 2013 -2016, most alts were decimated until bitcoin revived. but a few good alts emerged during the bear market, ETH, Monero ect. I asked in the altcoin forum if someone was making money out of Storj, which have a proposal similar to Siacoin. Nobody answered. These projects are dead. Im not saying the idea of renting your disk space is bad, though. If somehow Siacoin or one of the other storage alt made a coin that was not only capable of storage but to make an entirely decentralised internet and the space used for hosting, then that would get my attention. No idea if it's even possible. Kind of like Siacoin meets namecoin on a decentralised cryptographic TOR... second thoughts it's probably a bad idea, and will be used by the wrong people. |
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Lambie Slayer
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May 30, 2019, 07:12:47 PM |
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^^^Billionaires want to buy 25% of all bitcoin??
Sorry but which billionaires would be that stoopid to think or say something like that?
Its like saying 'billionaire said they wanted to buy 25% of all the gold in the world, or 25% of all the islands in the world'
It smells like some nextevel shillery from someone wanting to big note and set a web for hnwi clients, irs honeytrap etc?
What happened to Jorge Stolfi? Brazilian socialists shills are getting routed tbese days, hope that guy rots in a miserable outcome of his own making.
he still hates on twitter. i used to harass him there before bcash boyz got me banned. https://twitter.com/JorgeStolfi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor |
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Lambie Slayer
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May 30, 2019, 07:16:47 PM |
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After 2022, that will be what every hodler wakes up to every morning. Indeed sir. My dad always told me when I was a young lad that monogamy is a poor nocoiners game. At least that what he should have said. |
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gentlemand
Legendary
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Activity: 2604
Merit: 3089
Welt Am Draht
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May 30, 2019, 07:16:55 PM |
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That geezer mystified me. At certain points he must've been putting in 12 or more hour days on here and on Reddit for weeks and months on end. All that effort achieved precisely - fuck all. Hopefully he'll go senile so he won't be consumed with regret at all that irreplaceable time he set on fire. |
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g-uid
Member
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Activity: 259
Merit: 18
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May 30, 2019, 07:17:09 PM |
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I don't buy the "new money" argument. Have you heard Tom Luongo's latest commentary on that subject ? I think it's very interesting and analytical. Will drop you in at the interesting bit but the whole thing is worth listening to IMO. i'll take a look tonight. thanks 16:30 he shares his instincts on what's happening w/ Bitcoin which may resonate with some. |
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Toxic2040
Legendary
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Activity: 1834
Merit: 4197
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May 30, 2019, 07:29:19 PM |
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That geezer mystified me. At certain points he must've been putting in 12 or more hour days on here and on Reddit for weeks and months on end. All that effort achieved precisely - fuck all. Hopefully he'll go senile so he won't be consumed with regret at all that irreplaceable time he set on fire. Reflecting back on it..he sure knew how to get under ones skin. He has the honor of being the first person I ignored on this forum. People seriously baffle me at times.. |
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Lambie Slayer
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May 30, 2019, 07:34:09 PM Merited by JayJuanGee (1) |
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yeah.. you need help. You seem to be way too emotional in both your trades and your posts. Surely, there are some posters, here, who are going to be willing to hold your hand through some of this emotional turmoil that you are going through. So, I do feel a little bit sad for you allowing your book to cause so much emotion upon yourself, but you are not the only person participating, reading or posting in this thread, so in my humble bumble opinion, situations like yours can and should serve as learning examples for others rather than a bunch of peeps just feeling sorry for you..
Im not emotional with my trades, Im fucked off with the constant bear images and memes at the bottom and all the, trains, rocket ships, some kids cartoon memes when it's clearly overbought. Wether that's intenional or not i find it anoying, because I think it is intended to make people take emotional trading decisions. Trade less, hodl more. I looked back at some of your old posts and wasnt long before I found you saying other coins would come along and replace King Bitcoin, so maybe find something you really believe in and hodl that. Anyway man, a blown up trade sucks for anyone so best of luck in the future. |
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gentlemand
Legendary
Offline
Activity: 2604
Merit: 3089
Welt Am Draht
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May 30, 2019, 07:38:57 PM |
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Reflecting back on it..he sure knew how to get under ones skin. He has the honor of being the first person I ignored on this forum. People seriously baffle me at times..
You knew perfectly well that he had zero interest in responding to any other reasoning than his own so I completely tuned it out. He was like a telescreen droning to himself in the corner of your living unit in Victory Mansions. |
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Lambie Slayer
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May 30, 2019, 07:42:07 PM |
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That geezer mystified me. At certain points he must've been putting in 12 or more hour days on here and on Reddit for weeks and months on end. All that effort achieved precisely - fuck all. Hopefully he'll go senile so he won't be consumed with regret at all that irreplaceable time he set on fire. Reflecting back on it..he sure knew how to get under ones skin. He has the honor of being the first person I ignored on this forum. People seriously baffle me at times.. Yes, he could have spent all that time taking online surveys and invested the money in Bitcoin and been a millionaire by now. I hope sound money brings so much prosperity we cure senility and he has to live his whole life in lucid clarity at how bad he fucked up. >:(A bit mean, sure, but he is one of the few nocoiners that really deserves to suffer. |
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infofront (OP)
Legendary
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Activity: 2674
Merit: 3048
Shitcoin Minimalist
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May 30, 2019, 07:42:31 PM |
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jonoiv
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May 30, 2019, 07:43:11 PM |
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I don't buy the "new money" argument. Have you heard Tom Luongo's latest commentary on that subject ? I think it's very interesting and analytical. Will drop you in at the interesting bit but the whole thing is worth listening to IMO. i'll take a look tonight. thanks 16:30 he shares his instincts on what's happening w/ Bitcoin which may resonate with some. Just watched it, he talks of Fib, which is what i use more than anything else. Now hes saying 10 to 11k then a big correction, I think it's already upon us when we hit 9100. time will tell. since passing 6666 we had 10 red and 10 green days. the green days were obviously stronger, that could change |
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