milwaukee mike Posted August 8, 2018 Report Share Posted August 8, 2018 just think of all those people that bought stock in crypto companies near the top riot - high of 46.20, now at 6.74lfin - high of 142.82, now at 6.20gbtc - high of 38.71, now at 9.75lbcc - high of 9.49, now at .32 a lot of multi millionaires and even billionaires were made from cryptos over the past couple years... other than the mining community though, the investment community has more losers than winners (although for much smaller average amounts, nobody was really losing a billion) Quote Link to comment Share on other sites More sharing options...
mikeman Posted August 8, 2018 Report Share Posted August 8, 2018 that happened, it was called BRE-X company even painted rocks gold and pretended they were real to investors/analysts/bankers $6 billion at the time was a major fraud... now eos is still worth almost $6 billion and nobody seems to care that it's a total fraudYou're right, and that was a fraud, but crypto mining is "real"? The point is why waste your time pretending to mine them, why not just pass em out? Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 8, 2018 Report Share Posted August 8, 2018 miners have already been slaughtered... I've always said that cryptos are far different than precious metals, at some point gold/silver/platinum won't trade much below the mining cost because there is always inherent investment demand cryptos are the opposite, there is always inherent supply because of the ico's and creators that gave themselves tons of free money out of thin air, and at some point there is no demand for a worthless asset how is eth in the top 2 coins of mining profitability? aren't DCR and AION much more profitable (among others)? https://www.cryptocompare.com/mining/calculator/dcr?HashingPower=2400&HashingUnit=GH%2Fs&PowerConsumption=1000&CostPerkWh=0.12&MiningPoolFee=1Those are ASIC mined coins. Can't GPU mine them profitably. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 10, 2018 Report Share Posted August 10, 2018 and another leg down join the wonderful world of crypto currencies! where you can lose 10% in 2 hours multiple times each week! past 3 months (since may 10th) total crypto market cap is about exactly cut in half... which is really sad for the alt's since btc is only down about 1/3 Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted August 11, 2018 Report Share Posted August 11, 2018 Yeah, the fluctuations can be ridiculous. I think it'll skyrocket up a bit before it finally fails... if it does. Probably good to buy right now then sell it when it jumps up. Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted August 11, 2018 Report Share Posted August 11, 2018 Going to purchase some eth today. Was hoping to buy back in under 300 but 330 is probably good enough Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 12, 2018 Report Share Posted August 12, 2018 Going to purchase some eth today. Was hoping to buy back in under 300 but 330 is probably good enough joey NOOOOOOO don't catch a falling knife, especially when there's no inherent value supply is still gonna ridiculously outweigh demand for all these cryptos... think of all the ico's where they couldn't sell for a period of time (usually a year) yes eth might bounce but 5 years from now the price is gonna be 0, and 5 years from now something else that you buy for 330 is gonna be worth 500 Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 14, 2018 Report Share Posted August 14, 2018 Going to purchase some eth today. Was hoping to buy back in under 300 but 330 is probably good enough hopefully you didn't buy any eth sitting at 275 as I type... only other investment you could've lost 17% in 2 days on was Turkish bank stocks Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 14, 2018 Report Share Posted August 14, 2018 one of the greatest frauds in history unraveling before our eyes, crypto market cap now under $200 billion total this was inevitable... there are 1832 cryptocurrencies, which is at least 1830 too many would be funny if the blockchain cruise sunk along with the price of alts, everyone on board is probably gonna jump overboard anyway lol https://coinsbank.com/cruise-europe#section-home Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 14, 2018 Report Share Posted August 14, 2018 There's a point where you need to start worrying about books that deal in crypto. Who knows how they're handling their portfolios... Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 14, 2018 Report Share Posted August 14, 2018 There's a point where you need to start worrying about books that deal in crypto. Who knows how they're handling their portfolios... at least they're probably sitting on mostly bitcoin which has held up remarkably well market is acting like there's bitcoin and then everything else will go the way of Betamax, hd-dvd, and tivo Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 14, 2018 Report Share Posted August 14, 2018 at least they're probably sitting on mostly bitcoin which has held up remarkably well market is acting like there's bitcoin and then everything else will go the way of Betamax, hd-dvd, and tivo True. It'll be interesting to see what the market does from here. BTC nearing it's 2018 lows. Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted August 14, 2018 Report Share Posted August 14, 2018 I did buy. BBBbbbbburied! I’ve donked off 25k in btc profits on shit alt coins. Fml Quote Link to comment Share on other sites More sharing options...
sleepy Posted August 28, 2018 Report Share Posted August 28, 2018 btc exploding right now almost to 7k Quote Link to comment Share on other sites More sharing options...
theguesser Posted August 28, 2018 Report Share Posted August 28, 2018 Quote Link to comment Share on other sites More sharing options...
IAG Posted August 28, 2018 Report Share Posted August 28, 2018 Gemini just raised ACH limits x5 Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted September 5, 2018 Report Share Posted September 5, 2018 Ouch buried today Quote Link to comment Share on other sites More sharing options...
Dingo Posted September 6, 2018 Report Share Posted September 6, 2018 Apparently sell off by the former owners of Silk Road lead to this latest meltdown Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted September 6, 2018 Report Share Posted September 6, 2018 No other way to get to last page Quote Link to comment Share on other sites More sharing options...
Dingo Posted September 8, 2018 Report Share Posted September 8, 2018 Another downer of a dayMight have to ask Merlin soon how to dine like a King on 100 dollars a month Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted September 8, 2018 Report Share Posted September 8, 2018 Bbbbbbbbburrriiiiedddd Fuck shitcoins Quote Link to comment Share on other sites More sharing options...
Dingo Posted September 8, 2018 Report Share Posted September 8, 2018 Bbbbbbbbburrriiiiedddd Fuck shitcoinsYup shitcoins getting crushed BTC domaince at 55.6 % nowWonder where Milky Mike is ?He would love this shit Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted September 9, 2018 Report Share Posted September 9, 2018 My portfolio is currently worth 4% of what it was 9 months ago. Fuck this shit. Quote Link to comment Share on other sites More sharing options...
IAG Posted September 9, 2018 Report Share Posted September 9, 2018 Look at the bright side...BTC still up 50 percent over a year ago. Even shitcoin XRP is up 25 percent. I’m not selling at these prices. If bit coin drops below five I will probably buy more...otherwise I’m just holding...and won’t buy anything altcoins anytime soon any time soon. I still have a decent investment spread across 10 or so coins... but I am considering that money gone and if there’s any left in 10 years or if it’s made me any more money, better yet. Only way to stay sane is treat it like a gamble and consider it at zero and hope to be pleasantly surprised in a few years. I will definitely hold thru the next halving. Quote Link to comment Share on other sites More sharing options...
mikeman Posted September 9, 2018 Report Share Posted September 9, 2018 My portfolio is currently worth 4% of what it was 9 months ago. Fuck this shit.A portfolio of nothing is nothing. A bunch of fake numbers is all you really had, and you paid good money for them. Quote Link to comment Share on other sites More sharing options...
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