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Consolidated Crypto Traders/Chat Thread

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

  1. dirkmirk

    dirkmirk Member

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    So many people don't really "understand" crypto.

    Make no mistake 99% of "Crypto" (by number) is essentially a blockchain business or company, theirs nothing "Crypto" about LUNA IF their is a central foundation that is FUNADEMANTAL to the entire existence of said coin.

    Thats why BTC, LTC, DOGE and for whatever reason ETH got away with an ICO, these coins arent reliant of that central organisation which sold an idea, for BTC or ETH.
     
    cvidler likes this.
  2. cvidler

    cvidler Member

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    so much this.

    Once it became popular, old-school thinkers came along and were like, hey we can add blockchain (works for any buzzword of the day) to our old business ideas and go to the moon. They also brought all the old school problems.


    one of my red-flag checks is how centralised any new thing is.
     
    dirkmirk likes this.
  3. dirkmirk

    dirkmirk Member

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    Honestly If you can't handle the rollercoaster, BTC & ETH IF crypto is still a thing a you will do okay with time,

    AT times I think that LTC & DOGE have those pumps.

    Im stuck back in the 2013-2015 mindset.

    All these new smart contract coins, defi, nfts, gaming, I have no idea.
     
  4. cvidler

    cvidler Member

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    I've a good idea. they're all far to poorly thought out and designed/implemented (just look at all the defi hacks - it's far from ready for prime time handling real money) or outright scams (I mean paying for a picture - that's just insanity), and gaming I'm already against micropayments, adding blockchain to it doesn't make it any more sensible.
     
  5. whatdoesthisdo

    whatdoesthisdo Member

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    I'm excited. I have my cheque book at the ready.

    I have literally been saying this for years. But everyone knows better :lol:

    Most of them it is because they are new, get caught up in the hype, then get their lunch stolen. The ones that have been in crypto since the ICO craze should fucking know better :lol::lol:

    They all want to get rich quick. You only need to have a quick look at this thread and see the shitty scam centralised "ZOMG it's a blockchain" products that people have bought into realize this.
     
  6. dr_deathy

    dr_deathy Member

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    Just buy BTC and ETH on cost average, dont leverage it, if your losing money now your either only just started or you haven't been cost averaging.

    Man it hurt buying BTC at 90K AUD.
     
  7. Slug69

    Slug69 Member

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    I’m a miner but for the last 6 months have been buying about 3 or 4 different coins with my mining earnings. It looks as though I should have just kept cashing out but I didn’t really need to. About to be an empty nester and now I can afford to hold for a couple of years.

    I will keep buying with my mining earnings but geez, what a bloodbath.
     
  8. apemann

    apemann Member

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    No issues sharing my sizeable negative position.

    upload_2022-5-12_17-37-31.png

    It was a small part of my ETH that i was prepared to trade in anticipation of the merge and got it hella wrong. :\

    If you are down dont feel bad, just be mindful that you should only invest what you can afford to lose.

    But! You've gotta be in it to win it. Sometimes 100% risk is just that.

    If anyone is feeling the pressure feel to message me.
     
    Last edited: May 12, 2022
    romp, Slug69 and illdrift like this.
  9. Slug69

    Slug69 Member

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    My precious…..ahhhhhh….
     
  10. Elmf

    Elmf Member

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    It's alright Crypto boys...stocks went to absolute shit too.
     
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  11. Slug69

    Slug69 Member

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    TERRA blockchain dead at height 7603700.

    not looking good for proof of stake.

    EDIT: They restarted 5 hours later it after rolling out a patch to stop new validators signing up. When you become cheap, everyone can stake.
     
    Last edited: May 13, 2022
  12. whatdoesthisdo

    whatdoesthisdo Member

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    Also when you are cheap everyone can spam. Thats whats halted SOL many many times. I am amazed at how many "crypto" people still don't realize this.
     
    Slug69 likes this.
  13. dakiller

    dakiller (Oscillating & Impeding)

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    Is this a leveraged position, or just regular bag holding? The first is a real problem if you are at risk of being liquidated, but if this is just lost value on Eth you own and hold and your still confident in the long term viability of it, just sitting and holding isn't all that bad, some of us have been doing that for years.
     
    r3s likes this.
  14. Slug69

    Slug69 Member

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    Holy shit. USDT volume last 24 hours was $130 Billion AUD. GEEZ...
     
  15. jpw007

    jpw007 Member

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    Since everyone loved the old 'to the moon' when cryptos jumped, can we now use the terminology 'to the core' when it's crashing?

    Or are we stuck on 'buy the dip'?

    I'm tempted to tip a little money in tbh.
     
  16. Elmf

    Elmf Member

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    "to shit" is more succinct
     
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  17. dirkmirk

    dirkmirk Member

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    LUNA is going to have a bigger supply than Shiba INU if that tells you anything.
     
    Slug69 likes this.
  18. cvidler

    cvidler Member

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    it's a good thing, need to thin out the heard of shit coins.
     
  19. dakiller

    dakiller (Oscillating & Impeding)

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    I wonder what the dogecoin hopefuls have been thinking for the last 6 months as the price has been on a continual slide down, someone should poke their head into their sub reddit and see if they are still playing up the it's gonna revolutionise the world spiel.
     
  20. cvidler

    cvidler Member

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    arguably doge is less a shitcoin than so many others.

    it's not a scamcoin.
    it's not going to get hacked because of some crappily written contract.
    it's not trying to make money from nothing like oh so many defi tokens

    it's biggest problem is it's heavily reliant on whatever Elon happens to tweet.
     
    dirkmirk and jpw007 like this.

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