FISHHEAD Posted March 18, 2018 Report Share Posted March 18, 2018 i do 350 tax returns, mostly wealthy people, and i'm the only one that had cryptos Good insight, thanks for sharing. (and how the hell you're sane doing 350 returns is fuking mindboggling) Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 18, 2018 Report Share Posted March 18, 2018 Good insight, thanks for sharing. (and how the hell you're sane doing 350 returns is fuking mindboggling) add 50+ business returns to the mix too... while live betting every night... nothing but staring at screens whether or not i'm sane is up for debate Quote Link to comment Share on other sites More sharing options...
IAG Posted March 18, 2018 Report Share Posted March 18, 2018 good points, but the amount of people involved in cryptos is such a miniscule amount of the us population i do 350 tax returns, mostly wealthy people, and i'm the only one that had cryptos i would argue that these aren't "shit prices"... they are still ridiculously overvalued, just not quite as ridiculously... no reason to have 1500 cryptos, 3 is a more realistic number Oh for sure. I just mean shit prices to the extent that they bought for much more. I have read numbers that indicate between 5% and 14% of Americans own crypto. I find that difficult to believe, but I have seen those numbers in many different places. I don’t know how many cryptos are necessary...certainly not 1500...As far as using for currency, theoretically only one...But different ones have different applications and uses, smart contracts, privacy, exchange coins, gaming, RFID etc. I don’t know how many duplicated efforts are out there, but I’m sure 90 percent will fail...just like Internet, Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 18, 2018 Report Share Posted March 18, 2018 Oh for sure. I just mean shit prices to the extent that they bought for much more. I have read numbers that indicate between 5% and 14% of Americans own crypto. I find that difficult to believe, but I have seen those numbers in many different places. I don’t know how many cryptos are necessary...certainly not 1500...As far as using for currency, theoretically only one...But different ones have different applications and uses, smart contracts, privacy, exchange coins, gaming, RFID etc. I don’t know how many duplicated efforts are out there, but I’m sure 90 percent will fail...just like Internet, yeah i hope btc/eth end up being like google/facebook... some succeed wildly while most fail i can't imagine even 2% of americans owning crypto... the problem with those studies is they will say 5% own crypto, but you are much more likely to do a crypto survey if you have it https://techcrunch.com/2018/01/23/study-6-in-10-americans-have-heard-about-bitcoin/ Quote Link to comment Share on other sites More sharing options...
IAG Posted March 18, 2018 Report Share Posted March 18, 2018 yeah i hope btc/eth end up being like google/facebook... some succeed wildly while most fail i can't imagine even 2% of americans owning crypto... the problem with those studies is they will say 5% own crypto, but you are much more likely to do a crypto survey if you have it https://techcrunch.com/2018/01/23/study-6-in-10-americans-have-heard-about-bitcoin/I agree. Plenty of people who have still never even heard of it, much less own it. I don’t believe 60% have heard of it, but then again, obviously I’m pretty insulated. I’m sure in the bigger cities it’s much more popular/known. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted March 18, 2018 Report Share Posted March 18, 2018 IAG, JF on fireBe alert Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 18, 2018 Report Share Posted March 18, 2018 total crypto market cap has now fallen below the feb 6th lows and at that time btc was under 6k, just shows how much the alts have gotten crushed Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted March 18, 2018 Report Share Posted March 18, 2018 total crypto market cap has now fallen below the feb 6th lows and at that time btc was under 6k, just shows how much the alts have gotten crushedAs they should. EOS now with a 3 handle. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 18, 2018 Report Share Posted March 18, 2018 As they should. EOS now with a 3 handle. at some point eos won't even be worth 3 cents people will look back and laugh at this whole ordeal, setting up mining facilities just to suck all the world's electricity to mine worthless cryptos (and of course i'm invested in some of those like hvbtf ugh) Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted March 18, 2018 Report Share Posted March 18, 2018 Agreed. I just started selling my mining hardware. Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted March 18, 2018 Report Share Posted March 18, 2018 total crypto market cap has now fallen below the feb 6th lows and at that time btc was under 6k, just shows how much the alts have gotten crushedAlts all I’ve had for awhile. Stupid Quote Link to comment Share on other sites More sharing options...
sleepy Posted March 18, 2018 Author Report Share Posted March 18, 2018 shitcoins under 7500 on way to 0 Quote Link to comment Share on other sites More sharing options...
Fazzer Posted March 18, 2018 Report Share Posted March 18, 2018 shitcoins getting blowed out. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 18, 2018 Report Share Posted March 18, 2018 only thing cryptos needed to rally was for me to sit in the movie theater (saw tomb raider) instead of watching the screen quick 15% up move for eth... that's the only thing i'm holding right now, and only a small amount thank god Quote Link to comment Share on other sites More sharing options...
IAG Posted March 18, 2018 Report Share Posted March 18, 2018 Good news out of G-20 it sounds like Quote Link to comment Share on other sites More sharing options...
Dingo Posted March 19, 2018 Report Share Posted March 19, 2018 only thing cryptos needed to rally was for me to sit in the movie theater (saw tomb raider) instead of watching the screen quick 15% up move for eth... that's the only thing i'm holding right now, and only a small amount thank godGeez one minute you say crypto are like beanie babies Next minute you’re buying etherium?I would say crypto are more like a stock from the dot comMany went bust but Priceline of all equities made William shatner a billionaire Some will survive Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 19, 2018 Report Share Posted March 19, 2018 Geez one minute you say crypto are like beanie babiesNext minute you’re buying etherium?I would say crypto are more like a stock from the dot comMany went bust but Priceline of all equities made William shatner a billionaireSome will survive i'm not buying etherium, i'm holding it if i'm up a ton on cryptos then what's the harm in holding 20k worth of eth? and of course they're like beanie babies, which i also made a ton of money on Quote Link to comment Share on other sites More sharing options...
Dingo Posted March 19, 2018 Report Share Posted March 19, 2018 i'm not buying etherium, i'm holding it if i'm up a ton on cryptos then what's the harm in holding 20k worth of eth? and of course they're like beanie babies, which i also made a ton of money on Well I definitely think most crypto will be worthless I think some will definitely come out on topI just thought you said it was embarrassing to own coins so I assumed you didn’t hold any Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 19, 2018 Report Share Posted March 19, 2018 Well I definitely think most crypto will be worthlessI think some will definitely come out on topI just thought you said it was embarrassing to own coins so I assumed you didn’t hold any lot of assumptions in forumville -fisshead i do a lot of embarassing things -milwaukee mike Quote Link to comment Share on other sites More sharing options...
IAG Posted March 19, 2018 Report Share Posted March 19, 2018 and of course they're like beanie babiesRegarding the Beanie baby analogy... https://www.coindesk.com/john-oliver-bitcoin-whats-wrong-beanie-baby-comparison/ Some people indicating that the price decline of Eth recently linked to EOS selling off some of their crowd sale money. So glad good news at G20! Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted March 19, 2018 Report Share Posted March 19, 2018 Good news at the G20 doesn't make cryptos scale to mass consumption.EOS is roughly 70% off of its high. ETH is 62% off its high. And BTC is 57% off its high. The EOS crowdsale address (0xd0a6E6C54DbC68Db5db3A091B171A77407Ff7ccf) currently holds 442,341 ETH. That's a present day valuation of approximately $237 million. And that doesn't include the 100 million EOS tokens they appropriated to themselves. All that to develop a crypto? LMAO. And that's not a scam? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 19, 2018 Report Share Posted March 19, 2018 Good news at the G20 doesn't make cryptos scale to mass consumption. EOS is roughly 70% off of its high. ETH is 62% off its high. And BTC is 57% off its high. The EOS crowdsale address (0xd0a6E6C54DbC68Db5db3A091B171A77407Ff7ccf) currently holds 442,341 ETH. That's a present day valuation of approximately $237 million. And that doesn't include the 100 million EOS tokens they appropriated to themselves. All that to develop a crypto? LMAO. And that's not a scam? that's a good point... bitcoin is only worth something if it's usable if facebook, amazon, google, or walmart announce their own crypto currency, with a 5% discount on everything, everyone would use that instead Quote Link to comment Share on other sites More sharing options...
BAUS Posted March 19, 2018 Report Share Posted March 19, 2018 Can you imagine the “people of Walmart” using crypto? Lol. BAUS Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 19, 2018 Report Share Posted March 19, 2018 Can you imagine the “people of Walmart” using crypto? Lol. BAUS weirdly enough, black males are more likely to be invested in bitcoin than whites Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted March 19, 2018 Report Share Posted March 19, 2018 Blockchain technology can certainly be used in a centralized environment (like internally in a bank or business) but the sheer size of transactional data that is necessary to process and validate global transactions is far too large to work efficiently in a decentralized environment. Even if transactions are eventually processed as fast as a centralized credit card company, the blockchain becomes entirely too large in a short period of time. A full BTC node is already over 160GB after 305 million transactions. That's the equivalent of 2 DAYS of Visa transactions. You can see how this quickly gets out of control. Only full nodes have voting power. So, with that massive amount of data storage required to run a full node and process transactions for mass consumption, that supposedly decentralized cryptocurrency eventually becomes extremely centralized. Quote Link to comment Share on other sites More sharing options...
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