Consolidated Crypto Traders/Chat Thread

Lots of people use Litecoin as there main method of transferring crypto because the fees are way less than BTC or ETH.

 

If one crypto was going to be used as a substitute currency and payment method, i'd honestly expect it to be litecoin due to low fees and pretty decent mining base. I'd use it for an international transfer if i had any need and ability to tbh

 

There are plenty of other alts that offer the same as LTC and have built on that. Dash has instant send, Monero has security, heck even ETN is faster than LTC

 

Don't expect to see alt season for a long time yet. This BTC dominance might be the reckoning.
Trade war with China has seen the pretend internet money flow in to BTC for 'safety'. A few pumps going on today...

 

Well, you've just educated my ignorance. Thanks as i'll give them a look

 

Bit of a dump but nothing too major, XRP below 26 cents a bit lol because of the youtube shills.

 

I reckons a bit of correlation between LTC and BCH, LTC has 4 times the supply and roughly 1/4 the price, might be a useful metric for profit taking.

 

This is a really good interview with Andreas Antonopolus where he discusses the state of play in the crypto space and what is coming up.

 

https://www.powerledger.io/article/...st-commercial-customer-in-canberra-australia/

 

This resonates with me lol

 

Gold




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Someone in my hood got raided, $1.5mil of crypto seized by the man.

Apparently on a hardware wallet.

https://micky.com.au/record-1-5m-of-crypto-seized-in-mdma-drug-raid-in-western-australia/

 

Doesn't quite help the image that decentralised currency is good eh.

Is there any pure crypto stores that aren't for illicit purposes? (i'm sure there is, but i'm guessing minimal...). It's a bit hard when the world is fiat and if you want to use your crypto for anything it's all pegged against it's USD value.

I've gotten off the crypto train. I think the shines worn off and i'm not a whale so i won't be making a profit. Blah blah store of value.

 

I'm surprised Police could work it out : p

 

How do you seize crypto?
Lol at the massive drug haul:

Must be at least a $600 worth of ecstasy tablets.

 

Good question, absolutely no idea.

 

The police probably asked the drug dealer for the password to access the hardware token, and the dealer was stupid enough to give it to them. Or they have seized the token and can't access the coin, but was told how much was on it.

 

The actual police media release is here: https://newsroom.abf.gov.au/release...enews&utm_medium=miragenews&utm_campaign=news

Whatever that means.

 

Guess they checking into whether it's the proceeds of crime and whether they will lose it under same.