Bitcoin currency of the future?

Luminaire said:
It's not good, it confirms every fear you have about the "bubble".

The relationship between Bitcoins and altcoins is not healthy either.

None of these coins changed in VALUE yesterday... and yet their PRICE wildly fluctuated. Which means many investors are only in it for quick cash and speculative pump and dumps.
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Not to mention Coinbase is a scam who steals people's money. Convenient how they go down with each major price swing so nobody can sell. I think they may actually not have the money or crypto to pay out. The bitcoin price is being protected this way too. It has poured over into stocks. A blockchain stock was halted. Everybody is trying to get in on this fraud.

One of the US's leading crypto-currency exchanges is carrying out an insider trading investigation.

Coinbase fears its own workers may have exploited its move into Bitcoin Cash - a spin-off of the original Bitcoin.

Hours after major cryptocurrency exchange Coinbase unveiled support for Bitcoin Cash on Wednesday, the company announced an investigation into accusations that its staff violated policies. Buying and selling on the company's GDAX professional exchange was also halted just two minutes after launch.

http://www.bbc.com/news/technology-42425857

one of many companies profiting from the con:

The US Securities and Exchange Commission temporarily suspends trade in The Crypto Co on concerns about ‘potential stock manipulation’ after shares rise more than 17,000pc in three months

https://www.reddit.com/r/CoinBase/
 
rj144 said:
I'm half convinced that when cryptos are crashing and customers could be making mini-runs on them and then Coinbase crashes, they are preventing runs on the cryptos by saying "the servers our down". It's a good excuse to prevent runs under the guise of technical issues.
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Precisely what is happening.
 
rj144 said:
I'm half convinced that when cryptos are crashing and customers could be making mini-runs on them and then Coinbase crashes, they are preventing runs on the cryptos by saying "the servers our down". It's a good excuse to prevent runs under the guise of technical issues.
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Absolutely and barring massive regulations(essentially a government body would need complete access to coinbase web/server data) there's nothing that can be done.
 
rj144 said:
Holy crap. Bitcoin cash was at $8,000 yesterday and then they shut it down. I was watching that yesterday in real time and even commented about it here (go back a page). I thought Coinbase was broken and that price was incorrect. I guess not.
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Bitcoin was at 8k yesterday? For real?


What's that new coin they selling on Coinbase now
 
Der Eisbär said:
good time to pick up ltc and btc on discount.

All 3 of those are solid picks. Put money into all of them.
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Just fuckin stop. It is not a good time to get involved with crypto. Fuckin christ. You are a con man or an idiot. Shut up.
 
JonesBones said:
Not to mention Coinbase is a scam who steals people's money. Convenient how they go down with each major price swing so nobody can sell. I think they may actually not have the money or crypto to pay out. The bitcoin price is being protected this way too. It has poured over into stocks. A blockchain stock was halted. Everybody is trying to get in on this fraud.

One of the US's leading crypto-currency exchanges is carrying out an insider trading investigation.

Coinbase fears its own workers may have exploited its move into Bitcoin Cash - a spin-off of the original Bitcoin.

Hours after major cryptocurrency exchange Coinbase unveiled support for Bitcoin Cash on Wednesday, the company announced an investigation into accusations that its staff violated policies. Buying and selling on the company's GDAX professional exchange was also halted just two minutes after launch.

http://www.bbc.com/news/technology-42425857

one of many companies profiting from the con:

The US Securities and Exchange Commission temporarily suspends trade in The Crypto Co on concerns about ‘potential stock manipulation’ after shares rise more than 17,000pc in three months

https://www.reddit.com/r/CoinBase/
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I'm sure a part of it is Coinbase getting absolutely swamped with users- and it's almost always the go-to excuse for exchange crashes during price runs and falls. The problem, and people have been saying this for years, is that they refuse to update infrastructure to account for added traffic or to make rules for when their website crashes so that people with existing orders don't get screwed.
 
mr.bigglesworth said:
I'm sure a part of it is Coinbase getting absolutely swamped with users- and it's almost always the go-to excuse for exchange crashes during price runs and falls. The problem, and people have been saying this for years, is that they refuse to update infrastructure to account for added traffic or to make rules for when their website crashes so that people with existing orders don't get screwed.
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Ya, they are more interested in taking money from the users that keep flooding in than taking care of the old ones.

And why should they fuckin change? People are stupid enough to fall for it. Let them. Coinbase is shit and people still put money in it.
 
JonesBones said:
Just fuckin stop. It is not a good time to get involved with crypto. Fuckin christ. You are a con man or an idiot. Shut up.
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I'm not a fan of cheerleader hype posts like his but it absolutely is a good time to get involved with crypto- for people who can stomach the ebbs and flows. Picking the right one to invest long or to go short is the hard part. Just because it may or could crash isn't a good enough reason to stay on the sidelines.
 
lol. seems legit.

6of2x5ywcz401.jpg
 
rj144 said:
The trend you mentioned for alt coins and BTC is not always true as you asserted. On quite a few occasions they have risen and fallen together.
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The price of Bitcoin often determines the markets health. Bitcoin was stagnant just a few days ago and everything was in the green. I'm not saying it's 100% because you have pump and dumps that go on 24/7, but generally its when BTC stalls that the Alt markets go up.
 
mr.bigglesworth said:
I'm not a fan of cheerleader hype posts like his but it absolutely is a good time to get involved with crypto- for people who can stomach the ebbs and flows. Picking the right one to invest long or to go short is the hard part. Just because it may or could crash isn't a good enough reason to stay on the sidelines.
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The market is full of more cons than ever but it is a good time to get into? My fuckin God. I thought the truth might finally sink in but I guess not. Hope you lose everything cuz you deserve to.
 
kahiljabroni said:
Bitcoin was at 8k yesterday? For real?


What's that new coin they selling on Coinbase now
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Read more slowly. ;)

Bitcoin CASH and that's what's on Coinbase. It came from the Bitcoin fork in the summer. They'll eventually have Bitcoin Gold which was from the fork in October. I think it forked a few weeks ago into Super Bitcoin and there's another fork in a couple of weeks for Bitcoin God.
 
JonesBones said:
Just fuckin stop. It is not a good time to get involved with crypto. Fuckin christ. You are a con man or an idiot. Shut up.
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How about you go fuck yourself you loser. Bitcoin was just 20,000 and it dropped to 16k. YOU BUY ON THE DIPS, DURRRRRRR. There's nothing in the least bit controversial about saying that. Fuck. Off.

"Its not a good time to get into cryptos" orly? Is that why the market just doubled its market cap from 300 to 600 billion in less than a month? Keep sitting on the sidelines talking ignorant bullshit while the rest of us make money. Why the fuck do you come into a crypto thread and spew your toxic anti crypto nonsense?
 
JonesBones said:
The market is full of more cons than ever but it is a good time to get into? My fuckin God. I thought the truth might finally seep in but I guess not.
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I’m not a wizard and I can’t predict the future, but it’s really all gambling at this point. You have the hardcore techies that believe in the tech and then you have the average joe running towards the gold rush. We can’t predict when the market is going to explode (but it will) and at what market cap this explosion happens. So it’s anyone’s guess at this point. If you invest today and the market explodes tomorrow, yes it was a bad time to get in. If you invest today and the market cap explodes at over 2-3 trillion, then yes it was a great time to invest. Assuming of course you pulled out your initial investment.

I try to encourage people to invest a little bit because more often than not they’ll want to learn what they’re investing in. This helps bring mainstream adoption which is good for the tech as a whole.
 
rj144 said:
Read more slowly. ;)

Bitcoin CASH and that's what's on Coinbase. It came from the Bitcoin fork in the summer. They'll eventually have Bitcoin Gold which was from the fork in October. I think it forked a few weeks ago into Super Bitcoin and there's another fork in a couple of weeks for Bitcoin God.
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Never heard heard of it. .. This shit is getting out of hand.

I verified my card at Coinbase but havnt deposited yet. I think I'm just gonna let this go and stick with conventional wealth building methods.
 
Oh, and if you guys want to move from Coinbase to Kraken, similar issues there. lol. It is coming undone.
 
SwamiLeoni said:
I’m not a wizard and I can’t predict the future, but it’s really all gambling at this point. You have the hardcore techies that believe in the tech and then you have the average joe running towards the gold rush. We can’t predict when the market is going to explode (but it will) and at what market cap this explosion happens. So it’s anyone’s guess at this point. If you invest today and the market explodes tomorrow, yes it was a bad time to get in. If you invest today and the market cap explodes at over 2-3 trillion, then yes it was a great time to invest. Assuming of course you pulled out your initial investment.

I try to encourage people to invest a little bit because more often than not they’ll want to learn what they’re investing in. This helps bring mainstream adoption which is good for the tech as a whole.
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It is 100% gambling. Tony Robbins and Mark Cuban got it right. Any money you put in crypto should be money you can afford to lose. You must assume it to be a loss from the start.

Robbins said he invests 10% max of his portfolio for high risk investments. like crypto. which he doesnt invest in but fits in the 10% gambling category.
 
On one side you have JonesBones... a raving lunatic criticizing everything about Crypto's

On the other side you have Der Eisbar... a raving lunatic promoting everything about Crypto's

And then you have Swami, lending balanced measured insights with more experience than both of them... listen to Swami is my point.






PS. Don't forget Zazen, he's boasting 300% returns on $27 investments and just wants everyone to be really nice to him.
 
JonesBones said:
It is 100% gambling. Tony Robbins and Mark Cuban got it right. Any money you put in crypto should be money you can afford to lose. You must assume it to be a loss from the start.

Robbins said he invests 10% max of his portfolio for high risk investments. like crypto. which he doesnt invest in but fits in the 10% gambling category.
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OF course its a gamble. Thats why I only have a fraction of my total investment/savings money in crypto (maybe a few % of my total investment $$).

I'm pretty pro crypto, but anyone taking out loans and putting the majority of their savings/investments in there is taking a huge risk. I expect to make quite a bit of money of it, but I'm realistic. I know I could lose all the money I put in, so the amount I put in wouldn't hurt me at alll though.
 
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