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Consolidated Crypto Traders/Chat Thread

Discussion in 'Blockchain & Cryptocurrency Mining' started by Optimus., Dec 15, 2017.

  1. mr camouflage

    mr camouflage Member

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  2. jpw007

    jpw007 Member

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    I'm a small art fan, but if i could buy a super high res picture from the artist that I could have printed and framed myself, then i can see the appeal.

    Not so sure about NFT and individual pictures though....more like how you can already by the original or buy limited run prints
     
  3. di_entropy

    di_entropy Member

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    Bought for $320 sold for $11K.

    Yes same tax rules.

    Edit: the person that bought that degen ape NFT from me resold it for $50K a few days later :Paranoid:
     
    Last edited: Aug 29, 2021
  4. 151528

    151528 Member

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    I wonder what is the cause for a huge increase in some nft's price but not others?

    Is there some price manipulation going on, people buying their own tokens for a huge multiple on the original price to pretend there's some special demand?
     
  5. havabeer

    havabeer Member

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    Sounds like a good idea to me...

    Make some NFT
    Have friend 1 buy it slightly higher price
    Have friend 2 buy it even higher price
    Have friend 3 buy it even higher price
    Sell to the poor person holding the bag at the end
     
    151528 likes this.
  6. Stooge007

    Stooge007 Member

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    isn't that every crypto in general? :p
     
    lxboston, di_entropy and 151528 like this.
  7. mr camouflage

    mr camouflage Member

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    A US Basketball player bought one for $200,000.
     
  8. illdrift

    illdrift Member

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    Only a little a bullish haha

    I love the complexity he gets into on economic/macro stuff
     
    Last edited: Aug 31, 2021
    whatdoesthisdo likes this.
  9. Zee

    Zee Member

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    Sssoo... What the heck just happened in the last few hours, I've seen a 20% loss in my crypto within that time frame. Not too stressed, as I'm not planning on selling anyway, just wondering which big news item I just missed?

    Z...
     
  10. OP
    OP
    Optimus.

    Optimus. Member

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    Here's the dip!


    This is long leveraged positions getting taken out. Let's see what it's like in the morning.
     
  11. Zee

    Zee Member

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    That'll explain it.

    Z...
     
  12. dr_deathy

    dr_deathy Member

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    A few Lambos are being cashed out by the looks.
     
  13. cdtoaster

    cdtoaster Member

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    I hope it keeps up (or down rather), I sold all my crypto just under a week ago. It could just be a dip while people wait to see what the feds do.
     
  14. illdrift

    illdrift Member

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  15. cdtoaster

    cdtoaster Member

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    so they're just trying to shake retail investors out
     
  16. OP
    OP
    Optimus.

    Optimus. Member

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    No it's trying to remove those holding long with no assets to back them up - the bears. Much like Tesla did against the hedge funds last year.
     
  17. cdtoaster

    cdtoaster Member

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    are those the leveraged traders? i heard after last year's crash they took measures to prevent that from happening again
     
  18. cvidler

    cvidler Member

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    how?

    unless exchange stop accepting leveraged trades it'll keep happening.

    crypto was supposed to avoid all the pitfalls of fiat economies (funny money made up by traders on exchanges), seems we'll just be repeating history. until defi takes over and there's no need for exchanges and their funny money - looks squarely at binance.
     
  19. SaMbO

    SaMbO Member

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    Crypto noob question: What's wrong with Binance? Just another Coin?
    I've been on the fence with crypto for a long time.
     
  20. cvidler

    cvidler Member

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    I meant to include Bitfinex too.

    Be dubious of any exchange that creates it's own coins/tokens, they control the whole system, creation of coin/tokens, running the network, setting the rules. imagine the damage if they were to do a rug pull or get hacked, or even just got shut down by whatever government jurisdiction they fall under. too many eggs in one basket.

    And in the case of bitfinex, it's own stabelcoin (USDT) that it just makes up USDT out of thin air and has been unable to properly account for the supposed backing it's meant to have.

    sooner we can get rid of these centralised exchanges the better. imho.
     

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