Bitcoin is getting flushed faster than my morning deuce

[Witrebel]

I'm having trouble grasping something..

Is the hope that crypto eventually replaces fiat? Or is it fiat always going to always be around?

We always translate the worth into dollars, but what if there are no dollars? The fuk does that mean

Realistically there will always be fiat in some form or another. But if you look to places like Venezuela as an extreme example of monetary inflation, its clear that fiat currency is a scam now a days. When we left the gold standard and let the fed just print money at will, we signed up for a financial collapse. It might take another 100 years, but rest assured it's coming. I'd guess that something fiat-esque will always be around, but the idea of cryptocurrency to purists is that it will be the next gold, a highly fluid store of value. So yes, the hope is that to a degree it "replaces" fiat.

[XabstractX]

I'm having trouble grasping something..

Is the hope that crypto eventually replaces fiat? Or is it fiat always going to always be around?

We always translate the worth into dollars, but what if there are no dollars? The fuk does that mean

Because everything in the real-world is priced in dollars, so it's easier to compare the worth of our crypto relative to what it can buy you in the real-world.

I don't personally think cryptos will take over as a consumer currency, at least not in our lifetime. I think we'll see it used more and more as a primary investment though and safe haven to store the majority of your assets but then converting it to fiat to buy things. I feel safer having my money stored in crypto where the government can't confiscate it. To replace fiat I think we'd have to see some serious political events take place that shake trust considerably in fiat, blockchain's progress alone won't lead to replacing fiat in my opinion. Basically if and when a government tries to screw us, crypto would take over in that case.

[Cesarbruh]

Realistically there will always be fiat in some form or another. But if you look to places like Venezuela as an extreme example of monetary inflation, its clear that fiat currency is a scam now a days. When we left the gold standard and let the fed just print money at will, we signed up for a financial collapse. It might take another 100 years, but rest assured it's coming. I'd guess that something fiat-esque will always be around, but the idea of cryptocurrency to purists is that it will be the next gold, a highly fluid store of value. So yes, the hope is that to a degree it "replaces" fiat.

realistically, fiat is unrealistic :P

As long as there's fiat, there will be suffering. If the world wishes to progress, it needs to do away with fiat. The end of fiat will bring an end to the majority of wars, handouts, and all these useless programs the government forces you to fund. The only reason government can get away with the BS it does is because of fiat. SOON.

[TheDude88]

Picked up some BLOCK at 115k earlier this afternoon

Out of BTC until next week unless a horse of mine comes through on Saturday. 5Dimes bitcoin payout ftw!

[propreffered7]

ETH becomes so fukin volatile when it gets around 190-195 ...fukin annoying

[E90LCI]

ETH becomes so fukin volatile when it gets around 190-195 ...fukin annoying

This.. Pretty frustrating

[emerica1184]

Is it correct to assume that a Dapp could never grow larger than ETH itself?

[FruitOfEden]

Went to pick up some dogecoin for the luls before the pump a few days ago @ 80 sats, nothing but 300BTC buy/sell walls at the time lol

That was me lmao I caught onto it early and bought at 1 satoshi, if those chan of four kents can pump it like they did with reddcoin then we definitely going to the moon, hop on whilst you can lads

[BlakeBailey10]

Need to take a little bit of a break from crypto.
Made a good bit of money thus far, someone linked me to my old post back in February when I had 1500ETH and sold them all and forgot to put my money back in

But i'm saying ETH hits 1k by the end of this year I think. At least based upon the current trend from 90 dollars. May dip below it, or may shoot up who knows.
But I can definitely say that there will at least be one thing that happens with ETH that sends it skyrocketing. Whether it be Dapps, EEA, Raiden, Metropolis, or Casper. But I don't plan to sell until about April or so of next year anyway, so i'm going to stop with the obsessive price checking and reddit lurking and posting. I'm out m80s. (i'll probably last like 3 days though so no worries)

[lmcfc]

Might be a good time to get some eth, if only coinbase would let me

[DenverMiscer]

My only concern is crypto-currency being outlawed or banned by the fiat TPTB in the next 5-10 years. Fiat still controls the judicial system and also heavily influences law-makers. Would suck to wake up one day and your 6-figure or 7-figure virtual crypto balance is suddenly worthless due to some new law. Or, being unable to withdraw or cash in your crypto-coins due to some new law or ban. I can see it now: things like "drug money laundering" and "cutting off funding for terrorism" will be cited as excuses to outlaw crypto.

As a money-making opportunity crypto seems insanely profitable (for those lucky enough to buy cheap before the surge/bull run), wouldn't surprise me if TPTB take notice and try to shut it down somehow, as anything that allows "the little guy" to make some money is always "bad" in their view and must be stopped. They would rather have people kept poor and stuck "working" forever, as a person with money doesn't need them.

Crypto has been mostly obscure and hidden up until recently, but suddenly "everyone" is getting in on it or at least becoming aware of it. Especially lately with the ETH craze and hype. There's "the hundredth monkey effect" going on with lots of people in "get rich quick mode" right now.

[anonymous]

Only have about 3.2k invested but my btc/eth & ICO's are sitting in my exchange websites. Ordered a Ledger Nano S. Wont be here for about a month though, what are so good security soft wallets for all type of crypto you guys would recommend?

[dmaaack]

You guys think we retest $150?

[propreffered7]

My only concern is crypto-currency being outlawed or banned by the fiat TPTB in the next 5-10 years. Fiat still controls the judicial system and also heavily influences law-makers. Would suck to wake up one day and your 6-figure or 7-figure virtual crypto balance is suddenly worthless due to some new law. Or, being unable to withdraw or cash in your crypto-coins due to some new law or ban. I can see it now: things like "drug money laundering" and "cutting off funding for terrorism" will be cited as excuses to outlaw crypto.

As a money-making opportunity crypto seems insanely profitable (for those lucky enough to buy cheap before the surge/bull run), wouldn't surprise me if TPTB take notice and try to shut it down somehow, as anything that allows "the little guy" to make some money is always "bad" in their view and must be stopped. They would rather have people kept poor and stuck "working" forever, as a person with money doesn't need them.

Crypto has been mostly obscure and hidden up until recently, but suddenly "everyone" is getting in on it or at least becoming aware of it. Especially lately with the ETH craze and hype. There's "the hundredth monkey effect" going on with lots of people in "get rich quick mode" right now.

this is what im worried about too..

theres no way the rich and those in power right now let it be usurped that easily..

something will happen here

[luckynrslevin]

Gonna sleep now, but will be interesting when I wake up lol

Can anybody confirm getting their money back(large sum)?

[TheDude88]

Need to take a little bit of a break from crypto.
Made a good bit of money thus far, someone linked me to my old post back in February when I had 1500ETH and sold them all and forgot to put my money back in

But i'm saying ETH hits 1k by the end of this year I think. At least based upon the current trend from 90 dollars. May dip below it, or may shoot up who knows.
But I can definitely say that there will at least be one thing that happens with ETH that sends it skyrocketing. Whether it be Dapps, EEA, Raiden, Metropolis, or Casper. But I don't plan to sell until about April or so of next year anyway, so i'm going to stop with the obsessive price checking and reddit lurking and posting. I'm out m80s. (i'll probably last like 3 days though so no worries)

see ya tomorrow, boyo

[TheReverend]

Need to take a little bit of a break from crypto.
Made a good bit of money thus far, someone linked me to my old post back in February when I had 1500ETH and sold them all and forgot to put my money back in

But i'm saying ETH hits 1k by the end of this year I think. At least based upon the current trend from 90 dollars. May dip below it, or may shoot up who knows.
But I can definitely say that there will at least be one thing that happens with ETH that sends it skyrocketing. Whether it be Dapps, EEA, Raiden, Metropolis, or Casper. But I don't plan to sell until about April or so of next year anyway, so i'm going to stop with the obsessive price checking and reddit lurking and posting. I'm out m80s. (i'll probably last like 3 days though so no worries)

Stick around, mang.

This thread is kind of a cool reflection on a big moment in history as blockchain starts to gain steam.

[propreffered7]

Is there anything on the near horizon for Ethereum that could influence price?

I'm a bit afraid if there's not news that that huge surge will have price coming down a bit.

[The Prime Nip]

Everything is red. Crypto, you crazy. BRB buying more ETH and NEM.

[Luc1fer]

Not buying any more ETH to hold. The trend is scary and could easily retrace, probably not anytime soon though with all the media and attention. I might trade a bit instead.

[Fit1NYC]

Parker get your crap together. You legit sound crazy. Awkward virgin, depression, low confidence, petty, arguing with miscers then trying to be friends, having revenge issues, access to dangerous people. Bro...meeting miscers and discussing the location online in a 200 page thread where everyone knows your gains

First thing about girls is that if you aren't getting them try harder. It's super easy. And stop saying you are looking for a good girl with looks that is "good" you are setting yourself up for heart break and depression. Just find some quality girls and smash bro. Last think you need at 23 with cash is a wife. More importantly you shouldn't derive your self worth from anyone else. And def not from crypto gains. You sound like you need to find your passion or mission in life and once you have that you will have something to work for and gain confidence and vagina. I don't even know you but dude stop posting your details online. It's so easy to detective your job and city and other facts about you. That guy with the sob story probably saw you as an easy mark. Why even ask for his wallet? Just ignore fools like that

On a side note Misc, what is fiat?

[DenverMiscer]

For us newbie types, how feasible would it be to buy/sell crypto on an ULTRA short term day-to-day basis? As in more of a "steady income" strategy rather than the more common "hold and hope it goes to the moon" strategy.

Hypothetical scenario:

1. For example, say i buy $1000 of coin X on Monday and by Tuesday afternoon coin X hits $1200, i decide to sell and pocket the $200.
2. Later that same night, coin X dips back down to $1000, so i buy another $1000 of coin X, then i go to sleep.
3. Wednesday afternoon rolls around and coin X hits $1200 again, I sell again and pocket another $200 in profit.
4. Rinse and repeat to capitalize on the volatility of coin X, generating a small income of $200/day.

I haven't tried selling yet, so i'm wondering if the strategy described above^ is even allowed or not. Right now I'm just holding my poverty $50 investment to familiarize myself with crypto, the dashboard, etc.

Like, is there any "limits" or "rules" regarding how often you can sell in a day? I know buying is easy, but i'm wondering if selling is the same.

[Skelaton4]

Fiat is Usd, Euro,yen. Lol.

[RightKindaGuy]

For us newbie types, how feasible would it be to buy/sell crypto on an ULTRA short term day-to-day basis? As in more of a "steady income" strategy rather than the more common "hold and hope it goes to the moon" strategy.

Hypothetical scenario:

1. For example, say i buy $1000 of coin X on Monday and by Tuesday afternoon coin X hits $1200, i decide to sell and pocket the $200.
2. Later that same night, coin X dips back down to $1000, so i buy another $1000 of coin X, then i go to sleep.
3. Wednesday afternoon rolls around and coin X hits $1200 again, I sell again and pocket another $200 in profit.
4. Rinse and repeat to capitalize on the volatility of coin X, generating a small income of $200/day.

I haven't tried selling yet, so i'm wondering if the strategy described above^ is even allowed or not. Right now I'm just holding my poverty $50 investment to familiarize myself with crypto, the dashboard, etc.

Like, is there any "limits" or "rules" regarding how often you can sell in a day? I know buying is easy, but i'm wondering if selling is the same.

am i alive?

have you heard of day trading? there are 1000s of books on the subject.

[Fit1NYC]

For us newbie types, how feasible would it be to buy/sell crypto on an ULTRA short term day-to-day basis? As in more of a "steady income" strategy rather than the more common "hold and hope it goes to the moon" strategy.

Hypothetical scenario:

1. For example, say i buy $1000 of coin X on Monday and by Tuesday afternoon coin X hits $1200, i decide to sell and pocket the $200.
2. Later that same night, coin X dips back down to $1000, so i buy another $1000 of coin X, then i go to sleep.
3. Wednesday afternoon rolls around and coin X hits $1200 again, I sell again and pocket another $200 in profit.
4. Rinse and repeat to capitalize on the volatility of coin X, generating a small income of $200/day.

I haven't tried selling yet, so i'm wondering if the strategy described above^ is even allowed or not. Right now I'm just holding my poverty $50 investment to familiarize myself with crypto, the dashboard, etc.

Like, is there any "limits" or "rules" regarding how often you can sell in a day? I know buying is easy, but i'm wondering if selling is the same.

Don't know but pretty sure they fees will eat up any gains
Paying fees on the buy and the sell could crush you


I've been laughing at the thread title for months and mad that I could have made a fortune if I opened it up. I actually posted "how is it getting flushed if the price is up" several months ago
Glad I'm in thoufh
Will use gains to either make a Misc porno or Misc shirt photo shoot

[propreffered7]

For us newbie types, how feasible would it be to buy/sell crypto on an ULTRA short term day-to-day basis? As in more of a "steady income" strategy rather than the more common "hold and hope it goes to the moon" strategy.

Hypothetical scenario:

1. For example, say i buy $1000 of coin X on Monday and by Tuesday afternoon coin X hits $1200, i decide to sell and pocket the $200.
2. Later that same night, coin X dips back down to $1000, so i buy another $1000 of coin X, then i go to sleep.
3. Wednesday afternoon rolls around and coin X hits $1200 again, I sell again and pocket another $200 in profit.
4. Rinse and repeat to capitalize on the volatility of coin X, generating a small income of $200/day.

I haven't tried selling yet, so i'm wondering if the strategy described above^ is even allowed or not. Right now I'm just holding my poverty $50 investment to familiarize myself with crypto, the dashboard, etc.

Like, is there any "limits" or "rules" regarding how often you can sell in a day? I know buying is easy, but i'm wondering if selling is the same.

Crypto is really volatile so prone to violent fluctuations.. plus, the market is hard to time

Second, i believe you have to pay taxes on all of your trades but i dont really know anything about that. Just that you do

[RightKindaGuy]

Don't know but pretty sure they fees will eat up any gains
Paying fees on the buy and the sell could crush you

lol. a fee for a $1000 day trade is like $2

[DenverMiscer]

am i alive?

have you heard of day trading? there are 1000s of books on the subject.

I'm totally new to this world of "trading" in general, total newbie lol

[Luc1fer]

More importantly you shouldn't derive your self worth from anyone else. And def not from crypto gains. You sound like you need to find your passion or mission in life and once you have that you will have something to work for and gain confidence and vagina.

I don't see why he can't derive some esteem from his success with Eth. It sounds like he did a ton of research and invested based on potential value. An accumulation of these events can help build confidence/esteem in one's ability. However, if ETH had been hacked or whatever and crashed to zero it shouldn't negatively impact i.e. confidence shouldn't be tied to any one particular thing.

[GNz11]

Steve Sokolowski writes some great posts on his prohashing blog, definitely worth reading. I really wish I had followed his investing advice back in March instead of procrastinating.

He recently updated his market predictions and is becoming increasingly bearish on bitcoin. You can read it here
https : // forums.prohashing.com/viewtopic.php?f=11&t=1487


Cliffs:

"In the March post, I posted projections for which coin would emerge as the dominant currency, which you can read in the link above. Back then, I stated that Bitcoin Unlimited was the most likely dominant coin, but that has changed. Here are my current odds for dominant coin at the end of the year:

Ethereum: 50%
Litecoin: 30%
Bitcoin: 20%

I now believe that LTC + ETH will be worth more than BTC before the end of the year, and anyone who actually uses cryptocurrency can see why."