The anti-crypto thread

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JEDI

Lifer
Sep 25, 2001
29,391
2,737
126
Blok has hit it's 52week low.
tempted to buy $50k...

or maybe decred (DCR)?
 
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JEDI

Lifer
Sep 25, 2001
29,391
2,737
126
You know the best thing about Bitcoin and Eth rapidly falling? It massively increases the profits of miners.
They were about 5x last night when I looked and will continue to be higher while their is volatility
how can miners profit when btc collapses???
makes no sense
 

VirtualLarry

No Lifer
Aug 25, 2001
56,570
10,202
126
how can miners profit when btc collapses???
makes no sense
Because... "the other miners stop mining". The idea being, that as profitability drops, and difficulty increases, those with larger farms that need to make a profit every day beyond their electricity, as well as those with both larger and smaller farms, with higher power rates, will stop mining. Thus dropping the difficulty, and increasing the rewards for the "remaining" miners.

During a bear market, you make less in terms of Fiat value, sometimes you lose money rather than profit when considered that way, but you make more coin, which, if you hold until nearly the peak of the next bull market, you will make out... quite well.
 

dullard

Elite Member
May 21, 2001
25,712
4,240
126

Charmonium

Lifer
May 15, 2015
10,306
3,387
136
Most cryptos have a public ledger. That can, but doesn't necessarily mean that anyone see all pending buy and sell orders.

The SEC calls that front-loading and there's a reason it's illegal.

Now, let's clean that up a bit. Even though the name doesn't technically fit, it sorta does because in the "real" markets, the only folks allowed to see this info are market makers. If you have no f***ing clue who those people are, what they are and the purpose(s) they serve, then why the f*** are you even looking at this shit? If you know any people whom you might say are in the "finance community," there's a very good reason why they have less than no sympathy for you or your losses. I might, but they DEFINITELY don't. it's just another opportunity to rack some money, money, mOOOOOney..

I want to get feel for at what level you folks are. So go ahead and try to google those terms and tell me how they could be related. Yes, it's quiz and no you won't squat from me either. Honey badger don't give no shits.

Just because beheading is Saudi punishment for a multitude of things other than murder doesn't mean we should have that here [alt-right fringe, exit here]. Similarly, while certain things are what historically we might call 'evil', only a handful are actually crimes..
 
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beginner99

Diamond Member
Jun 2, 2009
5,309
1,748
136
Late last year I setup a recurring buy in Robinhood--buy $1 of ETH every day. So far I've earned... -$126.44 (yes I've lost more than I put in!)

Either your are a troll or else that is exactly the kind of thing one would except form people still using robinhood.

You do get why this happened right?
 

DrMrLordX

Lifer
Apr 27, 2000
22,496
12,368
136
Allllllllllllllll offfff themmmm!!!!

Heh, nope.

Most cryptos have a public ledger. That can, but doesn't necessarily mean that anyone see all pending buy and sell orders.

U serious bro? Buy/sell action on exchanges are completely off-chain. Only thing you can see are deposits and withdrawls to/from known exchange addresses. It's kind of embarassing watching people make such statements when they're dead wrong.
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
Heh, nope.



U serious bro? Buy/sell action on exchanges are completely off-chain. Only thing you can see are deposits and withdrawls to/from known exchange addresses. It's kind of embarassing watching people make such statements when they're dead wrong.

I would hope that crypto buys for exchanges would be off-chain. Otherwise, you would have people paying $10-20 Ethereum transaction fees every time they wanted to buy $10 worth of Ethereum from Coinbase, or $30-$40 if they wanted to buy an ERC-20 token.
 

Charmonium

Lifer
May 15, 2015
10,306
3,387
136
Heh, nope.



U serious bro? Buy/sell action on exchanges are completely off-chain. Only thing you can see are deposits and withdrawls to/from known exchange addresses. It's kind of embarassing watching people make such statements when they're dead wrong.
I have absolutely no clue what you're talking about. And the reason is that I could read in a host of different ways. For exmple, what exchages - crypto? If you that's just pure, unadulterated bullshit.

Ah. @ultimatebob seems to know what your talking about. I never said that the bids and offers are on the chain, now did I? What I said was that with open ledgers it's not necessary that they be displayed, but that's how the ones I have some familiarity with work. So XLM and XRP
 

Charmonium

Lifer
May 15, 2015
10,306
3,387
136
Well, I haven't been over there in like 4 or 5 years and I'm completely lost. But when I was invovled, people were always complaining about, damn, look at the sell wall or buy wall.
 

Mai72

Lifer
Sep 12, 2012
11,562
1,741
126
I got $1k in DogeCoin. I'm waiting for my boat to come in any day now...

Those 17 year old YouTube investors said I could get rich!! Rich I tell ya!
 
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