Page 164 of 202 FirstFirst ... 159 160 161 162 163 164 165 166 167 168 169 ... LastLast
Results 4,076 to 4,100 of 5050
  1. #4076
    Join Date
    Feb 2005
    Location
    North Vancouver/Whistler
    Posts
    12,703
    Quote Originally Posted by bennymac View Post
    He’s trolling you.
    Its what it does. And it works

  2. #4077
    Join Date
    Oct 2009
    Location
    seatown
    Posts
    3,598
    we’ve been trading public perception long before btc, just pushing new bounds of ‘value’ relative to the status quo

  3. #4078
    Join Date
    Dec 2008
    Location
    PDX
    Posts
    2,986
    onLY CriMiNaLS uSe BiTcOin

    https://twitter.com/meronina/status/...292954625?s=19

    Sent from my Pixel 4 XL using Tapatalk

  4. #4079
    Join Date
    Dec 2008
    Location
    PDX
    Posts
    2,986
    Quote Originally Posted by bennymac View Post
    He’s trolling you.
    Two things are going up, my net worth and pg's blood pressure. I'm claiming the W.

    Sent from my Pixel 4 XL using Tapatalk

  5. #4080
    Join Date
    Aug 2016
    Posts
    177
    My general theory:
    The crypto cycle is largely driven by a flow of money starting in Bitcoin, the most popular and well known coin and moving to Ethereum and thru alts, finally to a greed driven mania and eventual blowoff top as we saw in 2017/18.

    A major part of this cycle is the perceived flippening of Bitcoins main price competitor, Ethereum. This is when Ethereum's market cap exceeds Bitcoin.

    We are currently midway thru this cycle with Ethereum possibly to near or overtake Bitcoin dominance at a euphoric high for both.

    After this euphoric high and near or brief flip (similar to June 12, 2017), one or both major coins will take an extended languishing period while alts start to gain steam. Many that have gained substantially will languish while new ones will pop and certain bigger ones will go on to unthinkable highs.

    Right around the time that BTC/ETH restart their advancement after a long languishing period, we will see alts follow along. This will signal the true bull parabolic market that we should look for exit points in.

    Further general ideas: We are 3x total market cap of the peak in Jan 2018. Knowing what we do about the market-that feels very small to me:
    -Most 2017 investors have substantially more in the market and are willing to add more
    -Substantial new investors
    -Institutional Buying
    -Increased fraud and opportunities for scamcoins and waste

    -There has not been anything resembling a real parabolic alt season yet in this cycle. Certain coins have obviously ran but it has not been across the board or parabolic for most. Also, many of the most crazy coins have clearly been driven by outside factors unrelated to general market sentiment.

    -There should be more blurring of BTC/ETH/alt season with increased access to many smaller coins on well known sites. That said, there are plenty of coins that are just as cumbersome to obtain in 2021 as 2017.

    -There will be rampant fraud and scamcoins worth nothing that go on tremendous runs due to greed and shilling


    -There are less coins better suited for a hold forever strategy


    -The next bull market is expected to be in 2024


    -Players with actual products or uses will be worth paying more attention to on a long term scale
    Questions - Is the current cycle actually more similar to the Dec 2017 run than Winter/Spring 2017? Are we near the top?

    How much knowledge value is gained by being in the market throughout 2017 as opposed to simply late in the run? Can trust our increased experiences to tell us anything about the future?

    Is the market mature enough to avoid blow off tops?

    Can a largely useless protocol ever become solely an investment vehicle (Ethereum Classic)?


    Things worth remembering:

    Ethereum hit an all time high on June 12, 2017 after going from $8 to $412 in 6 months. It then languished for months and did not go above $412 until November 23. Prepare yourself for this sort of wait if you want true gains/profits while buying at certain times in what feels like a market you cannot lose in.


    If the plan is to hold long term, it should be expected the next cycle could be a long wait.

    Things we consider absolute truths could be unfairly biased by when we entered the market.


    The past rhymes but doesn't repeat.

    I am as biased as anyone else and want the above narrative to happen.

    Open to opinions or differing thoughts.


    Last edited by Shaaarrrp; 05-11-2021 at 01:33 PM.

  6. #4081
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    7,665
    Really nice write-up! I have more to say, will try to get to it...
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  7. #4082
    Join Date
    Nov 2008
    Location
    Edge of the Great Basin
    Posts
    2,820
    Crypto remains bullish for as long as inflation porn is the story. If/when supply chains get back to normal and we see falling nominal prices in some sectors then the media will move on and so will the money.

    If that happens then it's back to telling zombie stories about the Fed to true believers, the same stories gold & silver bugs tell, all while ignoring the inflation history of the last 40+ years.

  8. #4083
    Join Date
    Dec 2008
    Location
    PDX
    Posts
    2,986
    Quote Originally Posted by MultiVerse View Post
    Crypto remains bullish for as long as inflation porn is the story. If/when supply chains get back to normal and we see falling nominal prices in some sectors then the media will move on and so will the money.

    After that it's back to telling zombie stories about the Fed to true believers, the same stories gold & silver bugs tell, all while ignoring the inflation history of the last 40+ years.
    Well, the money will move on from shit coins. But BTC, ETH, and at least a few others are here to stay, whether or not you want to believe it.

    Sent from my Pixel 4 XL using Tapatalk

  9. #4084
    Join Date
    Nov 2008
    Location
    Edge of the Great Basin
    Posts
    2,820
    Either reading comprehension is a problem for stalefish or he/she purposely misrepresents arguments.

    Once again nothing was said about BTC, ETH going to zero. The money 'moving on' refers to valuations i.e. the crowd, not 'true believers' abandoning crypto.

  10. #4085
    Join Date
    Apr 2008
    Location
    Treading Water
    Posts
    5,424
    Shaaarrp, you’re gonna need to sling a little shit around to get anyone’s attention.
    P.S. Thanks for that opinion. Super helpful for a plebian like myself.


    Sent from my iPhone using TGR Forums
    Last edited by jm2e; 05-11-2021 at 08:56 PM.
    Lots of Cream, Lots of Sugar

  11. #4086
    Join Date
    May 2011
    Location
    Truckee & Sonoma
    Posts
    12,820
    Quote Originally Posted by stalefish3169 View Post
    Well, the money will move on from shit coins. But BTC, ETH, and at least a few others are here to stay, whether or not you want to believe it.
    This is where I stand. We're going to see a major purge of the riff-raff at some point. But BTC and ETH have both been accepted by enough people to be legit, that in itself makes them legit.
    I ski 135 degree chutes switch to the road.

  12. #4087
    Join Date
    Nov 2008
    Location
    Edge of the Great Basin
    Posts
    2,820
    A few months ago the average crypto account size on the exchanges was somewhere around $1200, roughly the same size as a stimulus check. There are also millions of unemployed workers in low pay service sector jobs earning more from unemployment than they were with their old jobs. That's a lot of young people with some money to spend, no fear of Covid so no need to hold cash, and time on their hands.

    Meanwhile the Fed is trying to hit the accelerator and the brakes at the same time. None of this is sustainable. After the summer of 2021 people will have go to go back to their crappy jobs, supply chains will recover, and growth will slow (hopefully not too soon), and the Fed will either control inflation or it won't. Either way the Fed sets the price level.

  13. #4088
    Join Date
    Aug 2016
    Posts
    177
    Quote Originally Posted by TahoeJ View Post
    This is where I stand. We're going to see a major purge of the riff-raff at some point. But BTC and ETH have both been accepted by enough people to be legit, that in itself makes them legit.
    I would agree with this but in a market that drives price activity like Ethereum Classic or to a lessor point Doge, do we really believe the market is anywhere near mature enough to largely recognize the difference?

    Ethereum Classic
    -A smart contract protocol that supposedly has unique processing properties however I cannot find a single use case
    -It took me 36 hours to transfer 10 ETC because the system is so awful
    -Greyscale has a Trust that essentially forces them to purchase shares of ETC that retail investors then latch onto and the increasing prices and Greyscale interest drives up both
    -Greyscale supposedly invests in ETC development because maybe someday it could become useful
    -Even the main developer on ETC, Storj Labs, runs their own protocol on the standard Ethereum chain.
    -Price action on a coin like ETC could be so driven by the above and purely being 1/7 of the cryptos on Robinhood.

    I have friends who tell me that Ethereum is not a price competitor to Bitcoin because the protocol is different. That to me, is insane (do yall disagree?). I think it would be pretty difficult to find many investors who ever buy BTC or ETH because of some logic beyond recent price action.

  14. #4089
    Join Date
    Nov 2008
    Location
    Edge of the Great Basin
    Posts
    2,820
    Quote Originally Posted by TahoeJ View Post
    For fuck’s sake stop talking past each other in this thread. Both sides are collectively wrong and the reality is somewhere in the middle.
    One side is unequivocally wrong because the facts aren't in dispute. Everyone acknowledges bitcoin consumes an enormous amount of energy fueled mostly by coal and gas. The main disagreement whether an imaginary scenario where in the future bitcoin is mined with renewable energy means bitcoin is mined primarily with renewable energy today is easily falsifiable. Something that might happen is not the same thing as something that has happened.

  15. #4090
    Join Date
    Aug 2016
    Posts
    177
    If you're worried about the environment or transaction speeds/load checkout Hedera Hashgraph

    Hbar

  16. #4091
    Join Date
    Nov 2008
    Location
    Edge of the Great Basin
    Posts
    2,820
    ^ Not just the environment or transaction speeds, also the economy and national security.

    Quote Originally Posted by Shaaarrrp View Post
    I have friends who tell me that Ethereum is not a price competitor to Bitcoin because the protocol is different. That to me, is insane (do yall disagree?). I think it would be pretty difficult to find many investors who ever buy BTC or ETH because of some logic beyond recent price action.
    Even bitcoiner diehards are now making a similar argument as mine that the world is moving away from bitcoin in terms of mindshare. Markets haven't quite caught up to the fact bitcoin is version 1.0 to ETHs, ADAs, etc., version 2.0. The analogy bitcoiners use is bitcoin is email while ETH is the web. Because ETH and others are more dynamic they, not bitcoin, are more likely to usher in web 3.0.

  17. #4092
    Join Date
    Feb 2005
    Posts
    15,040
    ETC is the OG shitcoin.

    WTF up with gas fees these days? Shitcoiners clogging the network is.

  18. #4093
    Join Date
    Apr 2008
    Location
    Treading Water
    Posts
    5,424
    Quote Originally Posted by Shaaarrrp View Post
    I think it would be pretty difficult to find many investors who ever buy BTC or ETH because of some logic beyond recent price action.
    Nail, meet Head.


    Sent from my iPhone using TGR Forums
    Lots of Cream, Lots of Sugar

  19. #4094
    Join Date
    Dec 2008
    Location
    PDX
    Posts
    2,986
    Quote Originally Posted by MakersTeleMark View Post
    ETC is the OG shitcoin.

    WTF up with gas fees these days? Shitcoiners clogging the network is.
    I think this explains it. It's the DOGE knock off Shiba Inu coin.



    Sent from my Pixel 4 XL using Tapatalk

  20. #4095
    Join Date
    Aug 2016
    Posts
    177
    I consider Doge and Ethereum Classic somewhat different. Doge to me, feels much more authentic and worth a consideration:

    If you dive into Greyscale ETC Trust, I believe this is simply a fraudaulent layer of investing in a useless protocol. As far as I can tell there is 0 real development on ETC. There is no clear logic or strategy as to why it has value. A few say it is a great processing system while other major players say it should be like bitcoin and it does not need to have any processing uniqueness. They believe because ETC is more original than ETH, that it should be more trusted-like BTC. That defies logic. There are arguments regular ETH will become too expensive to mine at some point and everything will convert to ETC but that also stretches belief.

    Doge has crowdfunded the Jamaican Bobsled Team and other groups. I see no reason why someone in the right position couldn't monetize it and get a shitton of people to buy in to support their favorite charity or something. Obviously all the memes and celeb endorsements are worth looking at with contempt but it wouldn't shock me if it becomes the standard of something popular culture champions. That said, I am not entirely familiar w tokenomics and infinite supply but I could def see how these run for a while with continued popular pressure.

    Ultimately, I do not believe the market is anywhere near educated enough to recognize Ethereum from Ethereum Classic so in many ways, all coins will rise and fall a shitton.
    Last edited by Shaaarrrp; 05-11-2021 at 09:09 PM.

  21. #4096
    Join Date
    Dec 2008
    Location
    PDX
    Posts
    2,986
    Quote Originally Posted by MultiVerse View Post
    Either reading comprehension is a problem for stalefish or he/she purposely misrepresents arguments.

    Once again nothing was said about BTC, ETH going to zero. The money 'moving on' refers to valuations i.e. the crowd, not 'true believers' abandoning crypto.
    Uh, I'm male and you recharacterized your (poor) argument after you wrote it.

    Quote Originally Posted by MultiVerse View Post
    A few months ago the average crypto account size on the exchanges was somewhere around $1200, roughly the same size as a stimulus check. There are also millions of unemployed workers in low pay service sector jobs earning more from unemployment than they were with their old jobs. That's a lot of young people with some money to spend, no fear of Covid so no need to hold cash, and time on their hands.

    Meanwhile the Fed is trying to hit the accelerator and the brakes at the same time. None of this is sustainable. After the summer of 2021 people will have go to go back to their crappy jobs, supply chains will recover, and growth will slow (hopefully not too soon), and the Fed will either control inflation or it won't. Either way the Fed sets the price level.
    You just don't get it. You get the part about the Fed's behavior being unsustainable, but I don't think you understand monetary history or hard money. The Fed is out of ammo to control inflation. If they raise interest rates it will destroy many companies that are only "successful" due to the free-money environment we're living in. Yield curve control is its own can of worms.

    Quote Originally Posted by MultiVerse View Post
    ^ Not just the environment or transaction speeds, also the economy and national security.
    Even bitcoiner diehards are now making a similar argument as mine that the world is moving away from bitcoin in terms of mindshare. Markets haven't quite caught up to the fact bitcoin is version 1.0 to ETHs, ADAs, etc., version 2.0. The analogy bitcoiners use is bitcoin is email while ETH is the web. Because ETH and others are more dynamic they, not bitcoin, are more likely to usher in web 3.0.
    You know what's not good for national security, or the environment? Spending approximately a trillion dollars a year to prop up the petro dollar and enriching the military industrial complex, while simultaneously ignoring our citizens' health and nation's infrastructure.

    Also, BTC's "1.0" characteristic is a feature, not a bug. For something that could potentially largely replace gold, security is paramount and changes need to happen slowly after very well-vetted review. Do you know even know why Ethereum classic exists? It's because an Ethereum smart contract was hacked for about 300 million dollars. I own ETH and think it has great promise, but the develop fast and break things strategy is not great for security. Simply put, BTC is THE store of value coin. There are other coins competing for smart contract market share, but BTC has no real peer as a SOV.

  22. #4097
    Join Date
    Nov 2008
    Location
    Edge of the Great Basin
    Posts
    2,820
    lol, a handful of bitcoin whale autocrats are going to do a better job controlling world's reserve currency than democratic societies. Of course it will never come to that but no matter history is replete with examples of feudal lords treating peasants with the utmost kindness and respect. /s


    As far as understanding monetary history or hard money, I've already gone back and forth with Bromontane' (or whatever he's calling himself these days) and even though he was more knowledgeable and more capable on the subject than simply repeating talking points and memes, none of his arguments really held up.

  23. #4098
    Join Date
    Dec 2005
    Posts
    6,050

  24. #4099
    Join Date
    Jun 2009
    Location
    Sea2Sky2Ski
    Posts
    2,110
    Doge still seems to me to be a much better hedge against inflation than Bitcoin. And a much better store of value too.
    Do you think the fed should consider the Dogecoin Standard?
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono

  25. #4100
    Join Date
    Nov 2008
    Location
    Edge of the Great Basin
    Posts
    2,820
    What about SHIBA INU (SHIB) now with an $11B market cap? Crypto folks have to at least consider the possibility that NFTs & Doge shows success isn't necessarily determined by store of value or technical capabilities or wherever but instead by how fun or weird or shocking a coin is. Entertainment and story is what matters.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •