MISC Crypto Crew (MCC) Vol XI: The sun is rising, proceed with caution.

[johnnycash123]

I might eventually buy bitcoin to take advantage of others' naivety about the store of volume meme and the adoption, which is actually heading to zero. I know this thing won't die though...

Not much of a dip on that platform to trade erc20s on. I must admit I'm completely disinterested in it, but I'll take a closer look.

Why are you buying anything then? If you think btc is going to 0, everything else will too.

[johnnycash123]

Yep, 14th Jan it was worth .45c, now a token is worth .0056c. I think it was cryptocole here who recommended flipping the ico, which was a great call if you sold it immediately after, instead I fell for the hodl meme.

Feels bad seeing my all time high at 32k USD and not cashing it all out, I just fill shelves at a supermarket so it would have taken me years to save that much, fortunately I was only playing with profits anyway so I'm still up around 5k so I can't really complain.

Everything was in the red and down by this point so I thought I may as well just hold onto it...

Everyone here shilling the crap out of that 8 months ago, even nearly got me to buy it at ICO lol

[GodlikeDra]

Why are you buying anything then? If you think btc is going to 0, everything else will too.

I specifically said I don't believe bitcoin is going to 0 even if there are no advantages to it in its current state, except maybe for countries with hyperinflation. Bitcoin could be quite useful in 5 or 10 years

Even if bitcoin dies, tech doesn't die with it though. You can still hold ****coins even if they're technically worth nothing and wait for tech to develop further. That's why it's so important you're speculating on projects with impeccable tech and reliable team

[float365]

Your little law applies to tech that provides advantages over using other tech. Cons outweigh pros at least until a customer can send a retailer bitcoin and the retailer can convert said bitcoin to fiat instantaneously.

Never heard of STK but thanks for mentioning it. Time to do some DD

stop touting your opinions as fact, Metcalfe's law applies to all networks regardless if they have advantages over other tech.

[GodlikeDra]

stop touting your opinions as fact, Metcalfe's law applies to all networks regardless if they have advantages over other tech.

If I tell you to eat s.hit and your friends see you eating s.hit, it doesn't mean they will start to eat s.hit. Businesses are not incentivized to use bitcoin in 2018.

[Parkerscott]

I specifically said I don't believe bitcoin is going to 0 even if there are no advantages to it in its current state, except maybe for countries with hyperinflation. Bitcoin could be quite useful in 5 or 10 years

Even if bitcoin dies, tech doesn't die with it though. You can still hold ****coins even if they're technically worth nothing and wait for tech to develop further. That's why it's so important you're speculating on projects with impeccable tech and reliable team

Obligatory buy BAT shill post

[float365]

If I tell you to eat s.hit and your friends see you eating s.hit, it doesn't mean they will start to eat s.hit. Businesses are not incentivized to use bitcoin in 2018.

First Half of 2017: 11% more businesses accept BTC while BTC price increased by 147%
When combined, the data from Q1 and Q2 represent the first six months of 2017. In the first half of 2017, there was an 11.4 percent increase in the amount of Bitcoin accepting businesses. 936 brick and mortar businesses added Bitcoin as an acceptable payment method for their goods and services. The average quarterly increase in the amount of brick and mortar businesses that accepted Bitcoin was 5.44 percent. And from the first day of Q1 to the last day of Q2, the Bitcoin price climbed a total of $1,501.1--a 147.43 percent increase in price.


Q3/17: Cryptomania begins - 8.5% growth

On July 4th, 2017, 9,176 businesses accepted Bitcoin; while on Sep. 26, 2017--the number grew to 9,972 entities; an increase of 796 brick and mortar businesses that accepted Bitcoin as a payment method, which is equivalent to an 8.67 percent increase.

BTC Price Data: Another boost - 74%

On July 1, the first day of Q3, the Bitcoin price was $2,458.14, by the end of September it reached $4,286.64. From July 1 to Sep. 30, 2017, Bitcoin price increased by $1,828.5 which is equivalent to a 74.38 percent increase in price.


lol

[GodlikeDra]

Obligatory buy BAT shill post

I always glossed over BAT in favor of projects whose use cases seemed more broad. Now that I'm faced with silliness of all those projects, BAT sounds much more enticing than before. I can see why it held value slightly better than most others.

[Mythenthefang]

If I tell you to eat s.hit and your friends see you eating s.hit, it doesn't mean they will start to eat s.hit. Businesses are not incentivized to use bitcoin in 2018.

When they start using they won't even realize they're using it

[Parkerscott]

I always glossed over BAT in favor of projects whose use cases seemed more broad. Now that I'm faced with silliness of all those projects, BAT sounds much more enticing than before. I can see why it held value slightly better than most others.

I glossed over BAT after the ICO went how I didn't want it to go. After doing several months of research on it, it was too good to pass up. Its not as easy to understand as the projects with the broad use cases, and thats probably the reason it has not had tremendous success during the bull run. There's a ton of information out there about BAT that isn't easily googleable that I have learned from talking to the team directly for nearly a year now.

The project is nearly 3 years old, and most of the time has been spent on talent acquisition, and planning. If you look at the team, and their approach you can see that they are not messing around.

Eich was working at Mozilla when apple safari was developing webkit as an open source project, and google sniped it and said "sorry its open source" and now Brave is doing the exact same thing to Chrome. Chrome basically has to be a leader in web standards or they will lose their market share. So basically Google is subsidizing most of the work at Brave, and brave doesnt have to give them **** because "sorry its open source" If google decides to stop giving out open source code then their developers will start to walk.

Chrome also cannot use braves ad blocking ad model because they are a public company, and they would be sued by their shareholders for that type of pivot. Firefox,Safari, and IE can use the brave ad model, but they are better off licensing the model from brave than creating it on their own. It would actually be a good model for firefox and safari due to its privacy by design feature and opt in ad model both of which they take seriously.

Brave is working right now on getting everything working in their browser to test if the model works, and then they are going to start working on integrations for other browsers and other applications like smart tvs, and podcast players. I believe they are also working on SDK's for the BAT token for payment systems as well as things like loyalty programs etc.

The big bet with Brave right now is whether or not the machine learning ad matching system will work well or not. It is able to pull data from everywhere you go on the web which includes amazon shopping patterns so it knows if you're a big spender or if you're interested in snowboarding equipment. That is the main big bet, and the other bet is whether or not they can grow the userbase which hasnt really been a problem. They are close to 5 million users which is their target for the end of the year and they are already close. Once they release v1.0 this fall, and twitter/reddit integrations I think the userbase will pick up a bit as it makes its way into the news cycle as a chrome competitor. v1.0 will put it on par with chrome as long as there arent any major bugs because its basically the exact same source code + all the brave features.

This is my main bet, and the potential coinbase listing is just icing on the cake. If the coinbase listing is approved it just gives the user growth pool hundreds of millions of extra dollars to run huge ad campaigns and pr pieces.

edit: Forgot to also mention the publics distrust with google, and taking user privacy more seriously + GDPR in the EU.

[float365]

Plenty of time to accumulate alts boys

[T-mac]

Plenty of time to accumulate alts boys

Instead of trying to scam people into buying crpyto, come and give a facts based reply to the other thread

[float365]

Instead of trying to scam people into buying crpyto, come and give a facts based reply to the other thread

It's redundant arguing with people who constantly move the goal posts.

[T-mac]

It's redundant arguing with people who constantly move the goal posts.

I never moved the goal posts I just proved with evidence you don't understand bitcoin technology

[Mythenthefang]

I never moved the goal posts I just proved with evidence you don't understand bitcoin technology

Bitcoin's no revolutionary because it's technologically impressive

It's revolutionary because it helps fix our VERY broken monetary system and financial markets

Technologically it's essentially a global tally stick

But that's all we need

[float365]

I never moved the goal posts I just proved with evidence you don't understand bitcoin technology

yep I don't understand bitcoin technology

[Silencespeaks]

Does anyone have random unrealistically high sell orders set for in case there's some glitch or extreme volatility etc? Like BTC at $50k or whatever. Imagine if it spikes up one day or hits during some glitch.

[Tommy12Orr4]

cRIPto

Clear your PM's brah.

[jamalfudge]

Does anyone have random unrealistically high sell orders set for in case there's some glitch or extreme volatility etc? Like BTC at $50k or whatever. Imagine if it spikes up one day or hits during some glitch.

I thought about this recently. Once or twice a week I'll notice on Bittrex a random chitcoin accidentally spiking thousands of percentage points. I don't really leave anything on exchanges but think I might put a handful on just in case.

[BDSMBBW]

Does anyone have random unrealistically high sell orders set for in case there's some glitch or extreme volatility etc? Like BTC at $50k or whatever. Imagine if it spikes up one day or hits during some glitch.

I have them now on all my alts. Learned my lesson after the civic pumps. The next time any of the alts in my porfolio pumps, They get sold in a limit order. I am never investing in alts ever again.

[BostonRockets]

Clear your PM's brah.

cleared

[lowstrife]

Does anyone have random unrealistically high sell orders set for in case there's some glitch or extreme volatility etc? Like BTC at $50k or whatever. Imagine if it spikes up one day or hits during some glitch.

It's happened for low-liquidity altcoins, but AFAIK it's never happened for bitcoin with the trades being honored. There have been a few cases where the exchange broke or matching engine broke, but they reverted all of the trades AFAIK.

Dumps\flash crashes on the other hand... Far more common, far more common to have the trades stand.

[curtainbrah]

Everyone here shilling the crap out of that 8 months ago, even nearly got me to buy it at ICO lol

it was a great ico to buy i dumped it day 1 for 5x.

holding anything after a euphoria pump is beyond retarded

[Serenadium]

ETH - sharding postponed for the millionth time, this time to foking 2020. Someone will eventually beat them to the punch.

Zilliqa and Quarkchain already have sharding.

That's irrelevant though because ETH is battle tested and has most of the top end smart contract developer talent working on it.

[GodlikeDra]

Zilliqa and Quarkchain already have sharding.

That's irrelevant though because ETH is battle tested and has most of the top end smart contract developer talent working on it.

If it works then it works. ETH is as unlikely to die as BTC for any reason imagineable, but the first truly decentralized, tested, and scalable coin will be adopted in .1 seconds

[HMFIC_BROWSIN]

Does anyone have random unrealistically high sell orders set for in case there's some glitch or extreme volatility etc? Like BTC at $50k or whatever. Imagine if it spikes up one day or hits during some glitch.

Lol, has this become the new lambo strategy for cryptocels?

Maybe there will be a glitch guise.... set some orders and cross ur fingers.

[denmarker]

sigh i have lots of ethers. i thought ether wld be different from bitcoin
i guess i am wrong

[johnnycash123]

it was a great ico to buy i dumped it day 1 for 5x.

holding anything after a euphoria pump is beyond retarded

Oh ok nice, didnt realise this

[johnnycash123]

Lol. And people taking money next run will prevent the huge gains you saw the first time around. Crypto will never see an insane rise ever again.

People that are left here are a very small minority that have actually thought about what they will do differnelty next bull run. The mass of people are dumb plebs, greed will get them again. You are giving people too much credit.

[sakmsb]

It seems that Bitmain is dumping BTC...