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-   -   Crypto Blowing Up (https://www.aspkin.com/forums/cryptocurrency/126169-crypto-blowing-up.html)

H4ck 05-13-2019 05:56 PM

Re: Crypto Blowing Up
 
the 10k to 20k will be an interesting ride................

i don't see how pump and dumps will work after 10k.....

these extremely wild price swings are going to continue until we get a handle on every single exchange to make sure nobody can manipulate the market.......

if you think about bitcoin past 20k.........50k...100k.....plus the only way that would be possible is ETF and assurance that the coins will rise at normal levels with a lot of regulators in the background watching people trading.......

I can see 100k-200k on bitcoin if every country brought it onto their stock exchange.......with similar regulation and monitoring as they do stocks.........

it really comes down to tapping into the larger pools of money in those exchanges.....

nate 05-13-2019 06:32 PM

Re: Crypto Blowing Up
 
I see someone other than myself removed my signature with the link to my GitHub. Guess someone doesnt want people having access to my GitHub Wiki and all my SoftEther and OpenVPN scripts huh? :thumb:

ebaystealth1974 05-13-2019 08:02 PM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by nate (Post 1002252)
I see someone other than myself removed my signature with the link to my GitHub. Guess someone doesnt want people having access to my GitHub Wiki and all my SoftEther and OpenVPN scripts huh? :thumb:


:spy:

:lol:

phaz0rz 05-14-2019 06:10 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by nate (Post 1002252)
I see someone other than myself removed my signature with the link to my GitHub. Guess someone doesnt want people having access to my GitHub Wiki and all my SoftEther and OpenVPN scripts huh? :thumb:

Just go put it back bro.

Sunspot144 05-14-2019 08:39 AM

Re: Crypto Blowing Up
 
8.5k today ? :pop2:

H4ck 05-14-2019 08:53 AM

Re: Crypto Blowing Up
 
I am already making like 30-40k pure profit monthly from my online business, was thinking of putting 30-40% on this artificial bull run instead of keeping my cash in my bank......

phaz0rz 05-14-2019 08:55 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by H4ck (Post 1002389)
I am already making like 30-40k pure profit monthly from my online business, was thinking of putting 30-40% on this artificial bull run instead of keeping my cash in my bank......

Alright, good to know. :clap:

Here's a pedestal for you to stand on :

https://i.postimg.cc/hjSKLhTj/empty-...und-DNNPBY.png

rsot 05-14-2019 10:07 AM

Re: Crypto Blowing Up
 
Thanks for the chuckle phaz :)

dan_ebay 05-14-2019 10:58 AM

Re: Crypto Blowing Up
 
Going up for absolutely no reason again. All the **** coins people bought aren't pumping as hard as they did last time though lol.

just_smile 05-14-2019 11:02 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by dan_ebay (Post 1002421)
Going up for absolutely no reason again. All the **** coins people bought aren't pumping as hard as they did last time though lol.

Give it a chance, it's only the first few weeks of a new cycle that should last years

dan_ebay 05-14-2019 11:05 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by just_smile (Post 1002422)
Give it a chance, it's only the first few weeks of a new cycle that should last years

new cycle? last years? Says who? You've been reading too many crypto blogs boss.

just_smile 05-14-2019 11:11 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by dan_ebay (Post 1002425)
new cycle? last years? Says who? You've been reading too many crypto blogs boss.

You can sneer if you want, but time will tell who is right.

I believe crypto is here to stay :)

dan_ebay 05-14-2019 11:32 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by just_smile (Post 1002426)
You can sneer if you want, but time will tell who is right.

I believe crypto is here to stay :)

Yep, so far 10 years old and literally nobody using it as a currency, how much more time do you want?

just_smile 05-14-2019 11:39 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by dan_ebay (Post 1002430)
Yep, so far 10 years old and literally nobody using it as a currency, how much more time do you want?

Are you actually keeping up to date with Bitcoin and its developments, or just here to troll?

dan_ebay 05-14-2019 11:44 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by just_smile (Post 1002431)
Are you actually keeping up to date with Bitcoin and its developments, or just here to troll?

Yeah I did have a quick read, that's how I saw it's doubled in price in a couple of weeks for no reason again.

just_smile 05-14-2019 12:14 PM

Re: Crypto Blowing Up
 
There will be reasons, we just don't know them.

I'm not here to change your mind, but I see good things happening in the crypto space, and I believe it has a bright future.

Sunspot144 05-14-2019 12:51 PM

Re: Crypto Blowing Up
 
I read it was possibly just one large institutional buyer or a group that sparked the upwards trend. There hasn't been much follow up on it even 1mo later.

newjerseymax 05-14-2019 03:15 PM

Re: Crypto Blowing Up
 
BullTrap, manipulation, big whales will rekt you

duffrageous 05-14-2019 11:50 PM

Re: Crypto Blowing Up
 
You can make a ton in a short amount of time through leveraged/margin trading. Large positions should only be entered when you have a high probability of winning the trade or money to blow. It takes a ton of luck or skill and luck combination to turn $1k into $100k in a week. I know a few people who have made over $10k and then lost it all(seems to be most common). He's holding a large part of his winnings till $13.5k, so we'll see how it plays out. https://twitter.com/AskMeHowLongIAm/...69560887611392

GreenBean 05-15-2019 04:20 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by Sunspot144 (Post 1002449)
I read it was possibly just one large institutional buyer or a group that sparked the upwards trend. There hasn't been much follow up on it even 1mo later.

You read WHERE?

A kid’s book at school?

On the menu at Macca’s?

IF you are going to make CLAIMS, supply a source, please.

:welcome;

Sunspot144 05-15-2019 04:39 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by GreenBean (Post 1002564)
You read WHERE?

A kid’s book at school?

On the menu at Macca’s?

IF you are going to make CLAIMS, supply a source, please.

:welcome;

Aren't they all just claims? I'd answer ya if I thought anyone had a clue. :lol:

H4ck 05-15-2019 12:06 PM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by phaz0rz (Post 1002391)
Alright, good to know. :clap:

Here's a pedestal for you to stand on :

https://i.postimg.cc/hjSKLhTj/empty-...und-DNNPBY.png


I feel like applying for some jobs......and going in and cracking jokes in the office........so how much do you get paid in your current position?

a small paltry sum of 30 to 40k a month..........

I am a professional computer hacker......with only 1 year of experience.

interviewer: oh sorry this job only pays about 20-30 bucks an hour and your short of about 10 years of experience............

we have another 5000 job applications to go through, and we will only hire 1 person out of that stack.

Have a nice day......

H4ck 05-15-2019 12:35 PM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by dan_ebay (Post 1002430)
Yep, so far 10 years old and literally nobody using it as a currency, how much more time do you want?

bitpay has a debit card for bitcoin.........contracted with visa......


all you do is load your bitcoins from your bitpay wallet and use your bitpay visa card........anywhere visa is accepted your good to go.......

so people are using it as a currency already......

phaz0rz 05-15-2019 12:36 PM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by H4ck (Post 1002708)
I feel like applying for some jobs......and going in and cracking jokes in the office........so how much do you get paid in your current position?

a small paltry sum of 30 to 40k a month..........

I am a professional computer hacker......with only 1 year of experience.

interviewer: oh sorry this job only pays about 20-30 bucks an hour and your short of about 10 years of experience............

we have another 5000 job applications to go through, and we will only hire 1 person out of that stack.

Have a nice day......

I think you're FBI.

phaz0rz 05-15-2019 12:37 PM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by H4ck (Post 1002719)
bitpay has a debit card for bitcoin.........contracted with visa......


all you do is load your bitcoins from your bitpay wallet and use your bitpay visa card........anywhere visa is accepted your good to go.......

so people are using it as a currency already......

It's converted to a real currency at the time of purchase. It's not being used as a currency when the merchant still ends up with fiat currency.

H4ck 05-15-2019 12:37 PM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by phaz0rz (Post 1002720)
I think you're FBI.

you are correct I am FBI,

Female Body Inspector.......

Klemantina 05-15-2019 12:59 PM

Re: Crypto Blowing Up
 
If hackers will piss off higher intelligence with their illicit activity they can open 150 short positions of 1 billion or 15.000 positions of 10 million and drive the price to 0 in theory, if i understand it correctly and then another coin will replace bitcoin, maybe monero, maybe something similar.
I assume they not gonna do that because it's too expensive and not gonna solve the problem, they might short all the coins until they come up with a better way to track us all. Eventually there will be cameras and microphones everywhere so getting away with violating the law will become near impossible and that's when the price of all those currencies drop to near zero. That's just my opinion.
I invested 1% of what i have few years ago because u never know what's going to happen. Trade responsibly and never invest everything you have unless your ready to lose it.

H4ck 05-15-2019 03:01 PM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by phaz0rz (Post 1002721)
It's converted to a real currency at the time of purchase. It's not being used as a currency when the merchant still ends up with fiat currency.

I think you missed the point, the point is, people can now easily use their bitcoin to buy stuff like any other person with money.......anywhere that accepts visa....that is already a pretty big achievement.....

back then the argument was I can't use bitcoin to buy anything from anywhere.......

now its more like.......anywhere that accepts visa..........as long as you have your bitpay visa card........

phaz0rz 05-15-2019 03:06 PM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by H4ck (Post 1002774)
I think you missed the point, the point is, people can now easily use their bitcoin to buy stuff like any other person with money.......anywhere that accepts visa....that is already a pretty big achievement.....

back then the argument was I can't use bitcoin to buy anything from anywhere.......

now its more like.......anywhere that accepts visa..........as long as you have your bitpay visa card........

My point was that's just Bitpay's way of profiting from a trendy gimmick. What they're doing is no different than a Paypal debit card. You have a balance on a website which the card allows you to spend. It's really nothing revolutionary.

Bitpay is holding real fiat currency somewhere in a central account just like Paypal is doing otherwise their Bitpay cards wouldn't work.

Until it's bitcoin from end to end and it's not necessary at any point to "convert to fiat", it's not a currency.

By your definition you could call weed a currency, or any other asset that can be traded for USD.

james_112233 05-15-2019 04:50 PM

Re: Crypto Blowing Up
 
I noticed my corner shop now has a bitcoin cash point ? it's a typical grocery shop / newsagent

JamesNorth101 05-15-2019 05:02 PM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by james_112233 (Post 1002803)
I noticed my corner shop now has a bitcoin cash point ? it's a typical grocery shop / newsagent

They have been slowly increasing in locations up and down the UK

Jmannp 05-15-2019 09:46 PM

Re: Crypto Blowing Up
 
alot of institutional money is coming in right now too.. isn't fidelity getting into the crypto business

H4ck 05-15-2019 10:11 PM

Re: Crypto Blowing Up
 

H4ck 05-15-2019 10:22 PM

Re: Crypto Blowing Up
 
good heavens cryptos are really taking off......just 14 days ago it was probably at 200b market cap....now 260.....

dan_ebay 05-16-2019 06:12 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by H4ck (Post 1002719)
bitpay has a debit card for bitcoin.........contracted with visa......


all you do is load your bitcoins from your bitpay wallet and use your bitpay visa card........anywhere visa is accepted your good to go.......

so people are using it as a currency already......

Charge fees don't they? My credit card has 0% fees anywhere in the world, free travel insurance, 0.5% cashback on purchases in the UK, 0% interest for IIRC 52 days, how exactly is bitpay competing with my credit card?

JamesNorth101 05-16-2019 06:45 AM

Re: Crypto Blowing Up
 
They charge 0% but some banks have pretty poor FX rates

Some are good, some dreadful.

BTC would not have the same hidden charges. At least that will be the theory for some people

phaz0rz 05-16-2019 06:55 AM

Re: Crypto Blowing Up
 
I've never sent bitcoin without an arbitrary variable rate mining fee depending on network power at the time. BTC transactions can fail if too low of a mining fee is paid.

So there's a hidden fee where you aren't even fully aware of how much you should be paying, when you're doing btc. :)

You can't forget to pay the miner. They work really hard extracting bitcoins from mountains (of digits) and expect to be paid a random amount depending on how the smelting went that day. :nerd:

Sunspot144 05-16-2019 07:30 AM

Re: Crypto Blowing Up
 
Talk in US Congress yesterday to ban BTC because it threatens USD's influence on international trade. Went on to say pulling it would be next to impossible.

phaz0rz 05-16-2019 07:36 AM

Re: Crypto Blowing Up
 
Quote:

Originally Posted by Sunspot144 (Post 1002925)
Talk in US Congress yesterday to ban BTC because it threatens USD's influence on international trade. Went on to say pulling it would be next to impossible.

It'll be a lot more feasible once FedCoin goes live and there's a government promoted alternative. :pout:

H4ck 05-16-2019 11:05 PM

Re: Crypto Blowing Up
 
Deep dump.................classic pump and dump.....


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