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Showing 20 of 271 results by tdrinker
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Topic
Board Bitcoin Discussion
Re: is a bitcoin shopping cart realistic?
by
tdrinker
on 01/01/2019, 21:54:51 UTC
coinbase and bitpay already offer shopping cart services for merchants

where they can automate swapping the btc for fiat as soon as people pat btc, or you can set it to keep all or a % as btc,

Take this approach, the framework is already in place for you and given that you said yourself you're not interested in playing the highs and lows of BTC this will remove all risk that that presents to your business.
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Topic
Board Speculation
Re: BlockTower Capital to Lose $1 Million After Betting Bitcoin Would Hit $50,000
by
tdrinker
on 01/01/2019, 21:53:29 UTC
$1m loss for a fund that size is not very significant. If people are right and they sold only to hedge losses with this bet then it seems like they were ahead of most of the market and that the fund should have performed fairly well.
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Topic
Board Speculation
Re: Bitcoin, 2019 and next halving
by
tdrinker
on 01/01/2019, 21:51:10 UTC
Welp. another 2 years stuck between 3000 and 4000. I don't believe that bitcoin can be stuck in that price range for so long (now that it is fairly well positioned in the public spotlight) only to then go on another big bull run like before. If we're going to see new heights it's going to need to start sometime in the next year.

You just to remember that everything works on cycle and because the market is still fairly young and we only have a small sample data, it makes sense to look at it and predict that we might see the price moving sideways this year. That's what the last cycle tells us if you look at the chart, it might give us a different pattern in 2019-2020, but lets look at it in the bright side. If the patterns holds true then at least we can prepare ourselves as early as this time so that we won't get disappointed.

On thing though about the last bitcoin block halving is that it took months (as far as I can remember) though before we finally see some reversal and the eventual all-time-high in 2017.

I can see that history suggests will have a long stagnant period but I'm not sure that history can keep repeating itself. Like bitcoin cannot keep going through 100x bubbles and 80%+ crashes it also probably cannot survive for multiple years of stagnancy now that so many people keep an eye on it.
Post
Topic
Board Economics
Re: How similar is the total market cap chart to a fractal evolving waves
by
tdrinker
on 31/12/2018, 15:02:28 UTC
A graph like this could be closely correlated with the price of almost everything that has gone from unknown and emerging all the way to well adopted. In the early stages supply and demand are so volatile due to a number of reasons, over time this becomes a lot more stable and we see the variation decrease.
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Topic
Board Speculation
Re: It's incredibly hard to sell when you are in a profit position, because of greed
by
tdrinker
on 31/12/2018, 15:00:31 UTC
That's why all of the best investors are ones who are able to remove emotions from their decision making processes. If you have something precious and you continue to hold on to it tighter and tighter eventually you'll have nothing.
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Topic
Board Speculation
Re: Bitcoin, 2019 and next halving
by
tdrinker
on 31/12/2018, 14:59:14 UTC
Welp. another 2 years stuck between 3000 and 4000. I don't believe that bitcoin can be stuck in that price range for so long (now that it is fairly well positioned in the public spotlight) only to then go on another big bull run like before. If we're going to see new heights it's going to need to start sometime in the next year.
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Topic
Board Speculation
Re: Will Bitcoin Price Continue To Fall In 2019? (Sharing my thoughts)
by
tdrinker
on 29/12/2018, 20:42:35 UTC
Quote
To conclude and answer the headline question, Bitcoin price will continue to fall as long as it does not show us major reversal

Seems like a pretty obvious conclusion you've come to but I do agree with a lot of the analysis. I think we'll get stuck in a sideways movement for a long period before we see any significant signs of reversal. That could be in this range or after further falls, but a recovery at this moment in time seems to me unlikely.
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Topic
Board Economics
Re: McAfee Says Crypto Mining Malware Increased 4,000% in 2018
by
tdrinker
on 29/12/2018, 20:38:29 UTC
Malware will only become more complex and more prevalent as there is so much money to be made through success. Perhaps Mr McAfee might transition in to making an anti-malware for miners.
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Topic
Board Trading Discussion
Re: Did you lose your confidence as an investor?
by
tdrinker
on 29/12/2018, 20:35:55 UTC
The sudden rise (from the very beginning of 2018) to fall (end of 2018 and still continuing), did you have the courage to hodl your coins and have your confidence intact just as before? Or did the extreme hustle of the bearish markets ended everything for you and even compelled you in such a way that you're now no more going to put anything in cryptocurrencies? Do you think this is an opportunity itself or is this going to end up hard in grave like most of the best ICO projects of whose tokens got dumped down to even 1/20th their ATH?

P.S.: This is just a poll, so don't take it as a measurement to decide whether to remain and/or invest in crypto or not.

I would be lying if I said that my confidence hasn't taken a big kick in the teeth but it is still intact. I have held throughout this bear market and will continue to do so because I do believe in crypto and that the market overall will recover. A lot of alt-coins will never return to past ATHs but that's in my opinion for the best.
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Topic
Board Exchanges
Re: This Increase in Price is good ?
by
tdrinker
on 28/12/2018, 17:33:58 UTC
Price of Bitcoin and other cyrpto currencies is increasing continuously from last 5 minutes, do you think it will be a bull run or it will be stopped on 4000$. I think it will be touching 6000$. In just two minutes, whole coinmarketcap has turned green from red.

5 minute trading volume is near irrelevant, unless there are huge deviations, somewhere around 20% +- in this market. I don't consider anything below a 4h chart and even that often leaves a lot of the story untold.
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Topic
Board Trading Discussion
Re: The Fate of ICOs.
by
tdrinker
on 28/12/2018, 17:32:23 UTC
As you all know that 90% of ICOs this year was a totally loss. most of all the tokens that hit the market are trading below price. some of catastrophic. some are trading below 90% to 95% of their list price. Majority of ICOs this days have has decided to run token sales on Exchanges. as the year comes to an End, Could there be another means of raising fund for tokens come 2019.?

I don't think ICOs will disappear or be replaced but I also feel they're not the best form of raising capital. Over time we might see a lot more scaled ICOs were clearly defined pre-ICOs and ICOs. Investors should be demanding more before the invest such huge amounts of money given how poorly most have performed.
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Topic
Board Trading Discussion
Re: Personal real life trading volumes
by
tdrinker
on 28/12/2018, 17:29:52 UTC
In bear market

1- up to 100k daily
2- up to 2k
3- im daytrading almost everyday

If im bored or exhaused of daytrading, or we are in shorterm bull market i'm riding trends and then

1- up to 100k monthly
2- up to 10k
3- average of 1-2 transaction per week.

You've got to be one of just a few people who transact a lot more in a bearish market than a bullish one.

Compared to this my numbers are near nothing but.

Bear market. Next to nothing, I either sell the top and wait to repurchase or I just hold.

Bull market. Still near nothing. Somewhere around $2k per day. Average order value would probably be $500 and so that means roughly 2 completed trades per day (buy and sell).
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Topic
Board Bitcoin Discussion
Re: Bitcoin is the most nonsensical invention in human history
by
tdrinker
on 28/12/2018, 17:27:27 UTC
Are you aware that when you trade goods, services or fiat currencies for Bitcoin, you actually bought nothing. In other words, by buying Bitcoin you sold the ownership of something and bought the ownership of nothing.

Whole your reasoning is flawed. If you buying gold, you trade goods, services or fiat currencies for it. You actually bought nothing, couple atoms dig up from dirt without value except people agreed to gold is valuable. Nothing else.
In Bitcoin you are owner of digital asset with limited availability (12 000 000). Gold has infinite amount out there so it inflate.

We can share arguments on and on but in the end, if you really understand invention and revolution, what bitcoin trully is, you wouldn't write things like that.


Gold isn't infinite. Nothing is truly infinite except maybe the universe. Gold is actually relatively finite compared to most things. It takes time for more gold to be produced over millions of years.
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Topic
Board Speculation
Re: Is it real that one or two big whales can seriously affect the price of BTC?
by
tdrinker
on 27/12/2018, 17:52:19 UTC
As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.

So may I believe this kind of saying?
Shitcoins with small marketcap or centralized cryptocurrencies can surely be controlled by pump and dump groups or main investors. However, I don't believe this holds for decentralized cryptocurrencies with huge marketcap, like bitcoin or ethereum. Blockchain wallets show that funds are very diversified, and it's rare to see some 'big' holder sell coins. I think what affects the market most of all these days is news. People then consolidate over the news and start buying or, more often, selling coins massively in the matters of hours. To overcome it, we need the crypto community to expand and become more mature.

It's rare and they can't have a stranglehold on the market forever but it's not impossible. We saw what happened when mt. gox coins were sold and also recently when CSW claims to have sold a lot of coins.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is the most nonsensical invention in human history
by
tdrinker
on 27/12/2018, 17:50:36 UTC
All value is based on that which people attribute to it, there is no such thing as intrinsic value. If you're dying of thirst then suddenly a bottle of water at $100 looks like a great deal, otherwise you might think paying $5 for it is a rip off. Perception is everything.
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Topic
Board Economics
Re: US markets have 2nd biggest pump in history
by
tdrinker
on 27/12/2018, 17:47:43 UTC
Are there any significant markets that exist that are truly free from artificial gains? If you're in the position of the FED and you can print more money to keep the economy afloat for a few more years then what's the real negative in that. As long as they can convince their debtors that they'll one day repay then there's little harm.
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Topic
Board Economics
Re: Wasn't this crypto-crash (course) needed?
by
tdrinker
on 27/12/2018, 17:44:52 UTC
The crash was an inevitability, as it always is when a market goes parabolic like the crypto market did last year. For those of us who were new to the market and got caught up in it, it can provide an invaluable learning experience. For most it will just lead to loss and for them to panic and quit on crypto.

Last year, the level of speculation reached to such unbelievable heights that everyone went under the sway effect of getting rich quickly and you can't deny the fact this time that they really had a reason to short it - not to make money, but to make Bitcoins. Every other crash that happened before was not an opportunity but just a loss, but this time, loss itself got transacted to huge profits for those who knew this was going to happen (as I said that correction was in talks during those days). Something that's yet to happen and we only talk optimistic won't really get us anywhere sometimes, but gives a chance to those who've got something more to bet on the negative side of that thing.

Whether motivated by gaining more fiat or more bitcoin shorting was still a great move when using hindsight. Even those of us who fully understand market cycles can easily lie to ourselves and say that the top isn't in yet. As always the top comes in before people actually think that it will, like wise the bottom comes in as people starting calling new lows.
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Topic
Board Economics
Re: Wasn't this crypto-crash (course) needed?
by
tdrinker
on 26/12/2018, 13:48:03 UTC
The crash was an inevitability, as it always is when a market goes parabolic like the crypto market did last year. For those of us who were new to the market and got caught up in it, it can provide an invaluable learning experience. For most it will just lead to loss and for them to panic and quit on crypto.
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Topic
Board Speculation (Altcoins)
Re: ethereum prices start pumping.
by
tdrinker
on 26/12/2018, 13:46:05 UTC
BTC is still the best coin you can hold. It has little competition (unlike ETH) and the price is a lot more stable. ETH just pumped near 100% in a matter of days, that's not usually a good time to buy any coin.
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Topic
Board Bitcoin Discussion
Re: WSJ SAYS BAKKT IS COMING, BUT IS THIS MORE MANIPULATION?
by
tdrinker
on 24/12/2018, 16:48:26 UTC
I don't think it is directly a manipulative move. After all it is just a channel to buying BTC. If in the end more BTC ends up in institutional hands then there could be some concerns around manipulation but we already have that as it is.