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  1. #3326
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    Quote Originally Posted by Bobby Stainless View Post
    We all have things we are good at. I just happen to be better at trading crytpo than you.

    401k? Ill have to talk with my boss about one of those.
    All you made is 'a few thousand dollars'?
    I'm still stuck on that.

  2. #3327
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    Quote Originally Posted by puregravity View Post
    All you made is 'a few thousand dollars'?
    I'm still stuck on that.
    4500 to be exact.

    My net worth is tied up in real estate and investment grade automobiles. Some more pie in the sky "investments".

    Still... I've made more than you have.
    "I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road

    Brain dead and made of money.

  3. #3328
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    Just did a few calculations.
    Last time, they managed to manipulate/pump/inflate the market to ATH and people fomo'd in on the then big sell-off/down-swing.
    That's how they make their money:
    - on the down swing.
    - when gamblers/investors/whatnot think they are being 'smarter'.

    They sold off enough cheap coins to take the ATH from $20k down to $6K and then manipulated it down a further $3k.
    This time, they won't get 30% return on their pumps.
    They are running out of greater fools.
    I'd say they are lucky to get 20%.

    So ... 20% of $14K is what? Or maybe we will see $15k again?
    I predict, in 2 years, BTC will be $2.8k.
    No more, no less
    $2.8K
    Stale - you can screenshot this one too.
    LOL
    SFYL

  4. #3329
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    Congress now talking about "there's bitcoin and then there's shitcoin." Yudge day for maximalists when a Congressman shows up for work having done his homework.


  5. #3330
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    Ray Dalio opines

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  6. #3331
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    Quote Originally Posted by Bromontane View Post
    Ray Dalio opines

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    Yeah, but in the next paragraph he says to buy gold.

  7. #3332
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    Best of the crypto currencies is:

    ?


    Sent from my iPhone using TGR Forums
    Quote Originally Posted by Benny Profane View Post
    Keystone is fucking lame. But, deadly.

  8. #3333
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    Quote Originally Posted by Kinnikinnick View Post
    Best of the crypto currencies is:

    ?


    Sent from my iPhone using TGR Forums
    No cryptocurrencies have anywhere near the combination of bitcoins hash rate, scarcity, decentralization, code stability, etc. If you care to learn there's a load of content out there explaining why bitcoin is head & shoulders above the rest.

  9. #3334
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    Quote Originally Posted by Bromontane View Post
    No cryptocurrencies have anywhere near the combination of bitcoins hash rate, scarcity, decentralization, code stability, etc. If you care to learn there's a load of content out there explaining why bitcoin is head & shoulders above the rest.
    How about you take out the scarcity because thatís artificially constructed. Iím not wondering about the speculative value, but rather which one would be the best for the world?


    Sent from my iPhone using TGR Forums
    Quote Originally Posted by Benny Profane View Post
    Keystone is fucking lame. But, deadly.

  10. #3335
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    Quote Originally Posted by Kinnikinnick View Post
    How about you take out the scarcity because thatís artificially constructed. Iím not wondering about the speculative value, but rather which one would be the best for the world?


    Sent from my iPhone using TGR Forums
    Same answer applies. You say the scarcity isn't real yet $200 billion in assets disagrees with you. The 'good' comes from the same characteristics that make it an attractive SOV.

  11. #3336
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    Easily BTC as store of value and EOS for dapps. About 80% of my crypto holdings are BTC.

    Prospectors has been out for almost a month and it's easily the best blockchain game ever. It has been in development for almost 4 years and was originally planned to be on ETH but the team moved to EOS because ETH is nowhere near being able to support Prospectors and games like it. Oh yeah, block.one that wrote the eosio software has a 4 billion dollar war chest + they own 140,000 BTC. They also have a flagship dapp that will most likely be the first dapp to reach mass adoption.

    Oh yeah, I'm also banking playing Prospectors. Making about 75 dollars a day now and things are just getting started. Plus it's fun as hell. PM of you want to play and I'll help you get hooked up. Free tools for Mags! Even you PG.

    https://prospectors.io/
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    Sent from my Pixel 3 XL using TGR Forums mobile app

  12. #3337
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    here's the next paragraph re: SOV utility in the next few decades:

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  13. #3338
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    Mnuchin: "Bitcoin and money laundering"
    Host: "But what about cash?"
    Mnuchin: "Fuckoff moron. You don't know fuckall"
    Host: "but ... but ... but"
    Mnuchin: "Moron. Fucking Moron."

    https://twitter.com/SquawkCNBC/statu...17678157484034

    I love it when idiots use the 'but cash' arguments. It shows just how lame crypto is when that's all they have to defend criminal behavior.

  14. #3339
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    Quote Originally Posted by stalefish3169 View Post
    Easily BTC as store of value and EOS for dapps. About 80% of my crypto holdings are BTC.
    Well ya. Man. I told you to sell before EOS bit the dust. But noooooo. You said it was gonna Mooon!
    When moon?

    Quote Originally Posted by stalefish3169 View Post
    Prospectors has been out for almost a month and it's easily the best blockchain game ever. It has been in development for almost 4 years ...
    Um. Right. Has like 1 comment per video on Youtube. Has like 76 members of reddit channel.

    Gives out $75 for you to sit on your ass?
    What's the catch Jack?

    Cryptokitties: "Hold my beer!"
    LOL
    SFYL

  15. #3340
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    https://www.forbes.com/sites/frances.../#2333f87d758e

    All of this adds up to a concentrated effort by the legacy payments system to halt the onward march of cryptocurrencies for international payments. It is no accident that SWIFT’s proposal was released only two days after Libra was announced. Battle is most definitely joined.

    Whether the legacy payments system or the emerging cryptocurrency ecosystem wins the battle for control of international payments remains to be seen. But whatever the outcome, such fierce competition can only be good news for customers. One way or another, instantaneous, unsleeping, ubiquitous and cheap global payments will be available to companies and individuals alike in the not too distant future.

  16. #3341
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    Huh?

    "Lack of common standards is the biggest barrier to seamless international payments. Moving to the open ISO 20022 standard by 2021 is therefore a prerequisite for SWIFT’s plans."

    First, I just want to point out that ISO 20022 isn't anything to do with crypto.
    Second, it doesn't change how money is wired.
    ISO2002 is about a standardized data package format to encapsulate all the data required to write cheques, without cheques.
    This is not decentralized, or electronic cash, or anything of the such.
    SWIFT wants to see more SWIFT customers (increase market reach for their services),
    and by getting more businesses (primarily) to abandon paper cheques,
    they can increase their role in the traditional banking system.

    So, no ... not the same as Facebooks LIBRA and totally irrelevant to crypto.

  17. #3342
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    Click image for larger version. 

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  18. #3343
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    Quote Originally Posted by Bromontane View Post
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    It is kinda funny that you posted a picture of Volker.
    Ever heard of the Volker Rule?

    "The Volcker Rule prohibits banks from using customer deposits for their own profit."

    So, now let us talk about Bitcoin, the biggest exchange Bitfinex, fraudulent Tether
    and the Volker Rule.
    Financial regulation is something beautiful to behold!

    LOL
    SFYL

  19. #3344
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    [QUOTE=Bromontane;5715870]Click image for larger version. 

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    Heh, that's what I see too.

    sent from Utah.
    sigless.

  20. #3345
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    Quote Originally Posted by puregravity View Post
    Mnuchin: "Bitcoin and money laundering"
    Host: "But what about cash?"
    Mnuchin: "Fuckoff moron. You don't know fuckall"
    Host: "but ... but ... but"
    Mnuchin: "Moron. Fucking Moron."

    https://twitter.com/SquawkCNBC/statu...17678157484034

    I love it when idiots use the 'but cash' arguments. It shows just how lame crypto is when that's all they have to defend criminal behavior.
    Of course you'd side with Mnuchin about something that is so incredibly demonstrably false. Name:  Screenshot_20190718-175324.jpeg
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    Sent from my Pixel 3 XL using TGR Forums mobile app

  21. #3346
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    Quote Originally Posted by puregravity View Post
    Well ya. Man. I told you to sell before EOS bit the dust. But noooooo. You said it was gonna Mooon!
    When moon?



    Um. Right. Has like 1 comment per video on Youtube. Has like 76 members of reddit channel.

    Gives out $75 for you to sit on your ass?
    What's the catch Jack?

    Cryptokitties: "Hold my beer!"
    LOL
    SFYL
    Hey bruh, let me tell you a secret. Crypto communicates on Telegram. Over 4000 members in Prospectors chat there.

    I put in a fair bit of time up front, but now that I've got several gold mines going I only need to play for a few minutes a day to keep a nice steady side stream of income headed my way.

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  22. #3347
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    Inneresting week for crypto. I saw reactions across the range from hyperbullish to strongly bearish with the bearish peeps being generally sharper on analysis. There's a bill in congress to Keep >25B revenue tech companies out of banking. Even if libra is indirectly related to bitcoin its success would very likely serve as an accelerant towards the bridging of otherwise segregated bitcoin & legacy payments systems. Making it easy to accept the argument that libra is generally a proxy for bitcoin when it comes to sentiment & positive or negative input from any changes in regs.

    The flip side hinges on how much any news is good news applies. Large endowment & pension demand can and may overwhelm retail jitters from libra being shut down. Or it could accelerate it with added selling - something I'm skeptical of given time horizons of big hodlers.

    edit to add a decent writeup on it: https://arstechnica.com/tech-policy/...ion-for-libra/

  23. #3348
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    TODAY on the BITCOIN Network

    Number of U.S. households powered for 1 day
    by the electricity consumed for a single transaction
    19.41

    Carbon footprint per transaction (kg of CO2)
    272.74

    VISA processes 380,132 transactions for the same energy consumption as 1 Bitcoin transaction.

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    Bitcoin’s biggest problem is perhaps not even its massive energy consumption, but the fact most mining facilties in Bitcoin’s network are located in regions (primarily in China) that rely heavily on coal-based power (either directly or for the purpose of load balancing). To put it simply: “coal is fueling Bitcoin”
    ~(Stoll, 2019).

  24. #3349
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    St. Louis Fed Prez Bullard on currency competition from crypto. Something he seems to ignore or fail to understand is the international trend of uniformity [btc] vs. the domestic trend towards non-uniformity [btc+usd]. And of course this is all coming from an institution whose power is contingent upon uniformity in domestic money and stability in the degree of international non-uniformity. International adoption of btc as a SOV and medium of exchange materially undermines Fed power.

    reminder that btc price volatility is a proxy for btc adoption volatility. If and when large institutional demand stabilizes, price will also stabilize. A few years ago we saw 50% moves within 24-48 hrs. Now that's down to 10-15%. With more pension & sovereign buy-in btc would be more towards 100k-1M per full bitcoin, which would suppress volatility further towards current DXY, JPY, EUR standards of up to 1-2% volatility in any 24-48 hour period. That kind of environment would represent increased uniformity in international money and provide a backdrop of needed stability that would allow btc to more easily coexist with USD domestically.

    https://www.stlouisfed.org/~/media/f...2019.pdf?la=en

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  25. #3350
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    Sure fire investment opportunity. Turn 750k into 2m in 20 years and look cool doing it. YOU CANT LOSE!!!!

    "I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road

    Brain dead and made of money.

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