Forums > General Discussion   Shooting the breeze...

Cryptocurrency

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Created by Razzonater 5 months ago, 31 May 2017
Windpasser
WA, 213 posts
13 Nov 2017 12:39PM
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So much for Crypto having Strong Hands, hey Mr Iron Fist?

Looks like he swapped teams pretty quick.

This Cryptocurrency is becoming a joke. Flooded mempools with stuck transactions, Factions fighting each other that are forks of the same coin.

Everyone is reading the same websites and getting the same info.

The influence is real. Crypto is becoming a joke and many people are starting to realise it. So much doubt after 11/11 Crypto battle.

busterwa
3407 posts
13 Nov 2017 1:12PM
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Hey iorn fist Please tell crypto, buster hopes your aussiecryptotrader site isn't as dodgy as your multiple email accounts!

albers
NSW, 1384 posts
13 Nov 2017 5:05PM
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The last time I looked, the key, and only, reason to sign up to SeaBreeze was because you were involved in watersports such as windsurfing, surfing, kiteboarding, SUPing or sailing.

IMO, without at least one of these sports in your arsenal of outdoor activities, then you don't really belong here.

novetti
WA, 155 posts
13 Nov 2017 2:08PM
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Laurie is sleeping at the wheel...

Iron fist is been editing his first post so many times, the first version I read was well and truly written telling '' Laurie to go suck on a meat Popsicle...''

Obviously there is an agenda behind someone who is not related to watersports or the ocean whatsoever and propel their Gospel about their new found religion ''Cryptocurrency''.

Windpasser
WA, 213 posts
13 Nov 2017 3:38PM
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I wonder how you ended up with an "Iron Fist" Lot's of repetitive jerking motions.

Bring Crypto back. He might be a sellout, but he was cooler.

albers
NSW, 1384 posts
13 Nov 2017 7:04PM
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IronFist said..
You are free to invest your nest egg in something blue chip like TLS and take Mrs boredom out to dinner at Pinoccios twice a year when the $1.50 dividend rolls in. LOL
Some of you normies are getting way stressed over things you have no control over and things you say you couldn't care less about. Why all the anger about crypto?
Why not head to the beach and go for a surf or tell Mrs boredom how much you love her?


Your PR skills are exceptional, especially if your aim is to irate people.

You may have more success on a website that is specifically dedicated to discussing cryptos as opposed to a water sports themed website which has ONE single topic (out of thousands) discussing cryptos.

busterwa
3407 posts
13 Nov 2017 5:14PM
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Hi Iorn Fist Can you please tell Mia to tell Crypto trader That while he was stressing about his dodgy pyramid investments and making his millions I was worrying about what to kit rig?
I have compiles a real-time graph.

busterwa
3407 posts
13 Nov 2017 9:37PM
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Poida
WA, 1650 posts
14 Nov 2017 9:33AM
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we are still not sure if strong hands is an advocate for the cryptocurrency as a replacement for cash and other instruments like or just for a speculative bubble investment? Hope the speculation works out in the long term. get out while its good.

A volatile instrument like BTC and BCH is not much use for your every day use of buying groceries and any other every day item like a long term saving account.

Cambodge
VIC, 691 posts
14 Nov 2017 2:24PM
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IronFist said..
www.seabreeze.com.au/forums/General-Discussion/Chat/Cryptocurrency?page=8

I'd say everyone trading it believes in it. Trading is a great way to learn as you have skin in the game.

Me personally, I think there will be hundreds of currencies and that will be as normal as the internet.

What is more interesting is blockchain and how that will impact institutions in the next 5 years or so. It's not if it's when.

Power Ledger is an example of that. It's disrupting and people are taking notice.

Making big wadds of money is just a sweet bonus. I worry for those who procrastinate.

Everyone in this market when the thread began have made money. The losers are.......

hahahaha


Trading in a bull market is a great way to fool yourself into thinking you know what you're doing. Until you don't.

Pugwash
WA, 3861 posts
14 Nov 2017 12:29PM
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IronFist said..
No, the procrastinators are the losers. Trading is a lot like surfing, you can get a dream run or you can get FUDed.

You and all the others could have been making a lot of profit , since this thread started.

But repeatedly choose to invest energy into rubbishing it. Why? Everyone knows there are risks. Open your eyes.

It's pure jealousy, weak hands, procrastination, and pig-headed stupidity driving all this hatred.

We all know that!

This is one of thousands of threads, if you don't want to discuss crypto go to another one.


If you are so good at trading, why are you wasting your time here

Are you looking for company? Emotional support? Friends?

novetti
WA, 155 posts
14 Nov 2017 1:36PM
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IronFist said..
Would I be right in saying the average age on the general forum is 65 retired and no longer gets out much, has errection disfunction, have become bitter, set in their ways and share a collective negative view about younger people and the future?

What sad people some of you have become.

You should hang your collective heads in shame for the massive mess you've left your children to clean up.

Hahaha

www.aussiecryptotrader.com



Speak for yourself

Go chase some girls looks like you are good at chatting them up with your crypto talk...maybe some very nerdy ones.

busterwa
3407 posts
14 Nov 2017 2:07PM
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Pugwash
WA, 3861 posts
14 Nov 2017 2:44PM
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busterwa said..
Hey Iron. atleast if it all goes wrong you can go back to your day job of cleaning bus windows with your tongue.


That caused me to do a little wee in my corduroys

Windpasser
WA, 213 posts
14 Nov 2017 2:54PM
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This thread is hilarious.

actiomax
NSW, 1097 posts
14 Nov 2017 6:05PM
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I heard that now 5% of all the worlds electricity is now used by bitcoin miners .
If that is the case &it just keeps going up in price who exactly is paying for that .?
The cops are now raiding places thinking they have hydro set ups because of the amount of electricity used with bit coin mining set ups .
Im also getting emails telling me I have bit coins &log on &cash in .
But I think that might be a scam on top of a scam .

albers
NSW, 1384 posts
14 Nov 2017 6:22PM
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busterwa said..
Hey Iron. atleast if it all goes wrong you can go back to your day job of cleaning bus windows with your tongue.

He also doesn't need toilet paper no matter where he goes

Windpasser
WA, 213 posts
14 Nov 2017 3:28PM
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It's so awesome. Such productivity of a human brain. Hope you use your quadrillions of generational wealth to help people. Gotta get them GPUs Hashing.



toppleover
QLD, 1237 posts
14 Nov 2017 9:37PM
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Windpasser said..
This thread is hilarious.


Agreed, with all the deleted posts - what's SB turning into ?

actiomax
NSW, 1097 posts
14 Nov 2017 10:52PM
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Buy the way 5% of the worlds usage of electricity is the entire eastern seaboard side of Australia plus some .
And people worry about global warming renewable energy etc .
How are we supposed to combat that when it could say in another 12 months have gone up to 20% .
The rate it's growing its not unfeasible
We could supply Australia &Africa with free electricity.
Instead of a handfull of miners making money out of bit coin.
People are having electricity restrictions no air con etc because our power supply cant handle the massive spikes.
Is there going to be restrictions cant mine unless its off peak ?

dmitri
VIC, 832 posts
14 Nov 2017 11:07PM
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toppleover said..


Windpasser said..
This thread is hilarious.




Agreed, with all the deleted posts - what's SB turning into ?



Bene just really needs a water, mate..and maybe.... somebody's daughter

busterwa
3407 posts
14 Nov 2017 8:29PM
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naww Whered the posts go!


Poida
WA, 1650 posts
15 Nov 2017 8:31AM
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The Bell Tower Times - facebook
The Bitcoin Investor 2017
In 2009 Bitcoin was released, and thanks mostly to mankind's desire to get ****ed up without having to meet some sketchy drug dealer in a carpark, the cryptocurrency took off like a man after a succulent Chinese meal. The tech-savvy nerds flocked to the currency like it was a limited edition Princess Leila figurine with extra big tits, paying **** all per Bitcoin. Now they are worth roughly $8660 each. Stick that in your Millennium F...alcon and hyper blast it.
However, given the emergence of competing cryptocurrencies and the ever-looming threat of regulatory cuckery, the bitcoin is a bit like the office receptionist after her 6th vino at the Chrissy party: unstable but if you play your cards right you can still get lucky. So how do rich, slimy investors earn some quick cash from their investments? Well, three words: "Free Financial Seminar", the irresistible honey that attracts the cashed up WA bogan-flys. After one seminar run by an Armani suited puddle of grease, Robbo is a bonafide cryptocurrency broker. He returns from his week off in Perth to talk endlessly about "blockchains", "Coinjar wallets" and other **** he doesn't really understand. "Mate, making coin hand over fist ay, a grand a day no ****ing worries. Bittos were worth around $7000 last month, now almost $9000, I'm racking it in, probably quit this **** soon and become a broker, get around me" He conveniently left out the fact Bitcoin was for the ballsy investor as it had a habit of being as volatile as a tourist's arsehole after some "satay" in Bali. Soon, every man and his dog-on-a-stick was a cryptocurrency expert. For a week Robbo was the Bitcoin king of the Pilbara, that was until others quenched their thirst from the Oasis of free seminars. Suddenly, a young apprentice hotshot called Tomothee was preaching the benefits of Litecoin in the wet mess. Well, there was one market force that Tomothee didn't see coming, Robbo's fist to his face. "****s should be buying Bitcoin orright? Litecoin has a ****ed Al Gore Rhythm or some****". It's amazing how the people who talk loudest about being investment kings are always the wankers stuck doing the same job as you

albers
NSW, 1384 posts
Wednesday , 15 Nov 2017 5:46PM
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If you bought Bitcoin Cash last Friday, you could have paid $820 (AU). By Sunday afternoon, you could have sold it for $3799.

If you then bought Bitcoin (as they were both trading in an inverse relationship) you could have paid $7000 and now it's around $9000.

That's around a 500% gain over 5 days and involves two of the top three cryptos (by market cap).

Definitely not a market for the fainthearted.

Bara
WA, 241 posts
Wednesday , 15 Nov 2017 3:42PM
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albers said..
If you bought Bitcoin Cash last Friday, you could have paid $820 (AU). By Sunday afternoon, you could have sold it for $3799.

If you then bought Bitcoin (as they were both trading in an inverse relationship) you could have paid $7000 and now it's around $9000.

That's around a 500% gain over 5 days and involves two of the top three cryptos (by market cap).

Definitely not a market for the fainthearted.


True that

Likewise you could have bought BTC for $9800 that week in anticipation of the "free" money the fork was about to drop you then panicked and dumped it at $7000 when it was canned and piled into BCH at say $3000 only to see that collapse back to 1500 odd.

Anyone who pretends they know what will happen next in the short term in this space is a fool. Maybe a lucky one but a fool nonetheless.

If you had just held both you would be up around 10% overall which is probably the more interesting thing for me. Somehow doing nothing forkwise has created value. Figure that one out.

toppleover
QLD, 1237 posts
Wednesday , 15 Nov 2017 7:33PM
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Bara said..



albers said..
If you bought Bitcoin Cash last Friday, you could have paid $820 (AU). By Sunday afternoon, you could have sold it for $3799.

If you then bought Bitcoin (as they were both trading in an inverse relationship) you could have paid $7000 and now it's around $9000.

That's around a 500% gain over 5 days and involves two of the top three cryptos (by market cap).

Definitely not a market for the fainthearted.





True that

Likewise you could have bought BTC for $9800 that week in anticipation of the "free" money the fork was about to drop you then panicked and dumped it at $7000 when it was canned and piled into BCH at say $3000 only to see that collapse back to 1500 odd.

Anyone who pretends they know what will happen next in the short term in this space is a fool. Maybe a lucky one but a fool nonetheless.

If you had just held both you would be up around 10% overall which is probably the more interesting thing for me. Somehow doing nothing forkwise has created value. Figure that one out.




I can't figure it out either, I'm just holding onto what I've got.

But I honestly do believe, if you do your due diligence - there is money to be made but it could just as easily go the other way.

It's just a hobby for me, I chucked $2k to see where it ends up.

bene313
WA, 1305 posts
Wednesday , 15 Nov 2017 8:23PM
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Bara said..
Anyone who pretends they know what will happen next in the short term in this space is a fool. Maybe a lucky one but a fool nonetheless.


I think the true value of blockchain applications is being clouded by the gamble/hysteria around cryptos, trading and the potential for profits.

People who trade shares or go to the casino rarely disclose their losses. It's all wins right?

Pugwash
WA, 3861 posts
Thursday , 16 Nov 2017 3:39PM
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cry po sent me here... He wanted me to tell you that the electronny thingy whatsit Ponzi has gone up a squizzillion brazillion million spondoolies and he has now made so much profit that he bought the moon... on tick...

evlPanda
NSW, 8159 posts
Thursday , 16 Nov 2017 7:59PM
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It's a decentralised, distributed, open source, ponzi scheme!
Or, it will be bigger than the internet.

The 20th century was very nearly won by centralisation. By 1970 communism was winning, and capitalism was on its last leg. It was an experiment between centralisation and decentralisation of the means of production. Decentralisation won because it was so much more efficient. The 20th century was won by the supermarket.

It's happening again.

I bought bitcoin because I've looked at it from a lot of angles, for months. It goes deep, across many fields, and is really, truly a potential global paradigm shift (or maybe not). I think people think this is a new thing, but its roots go back to the early 90s. It's very well thought through. One could argue that its societal roots go back to the French Revolution.

The mempool issue is temporary. The volatility is because it is a fraction of a fraction of global money. Bitcoin Cash is a dinosaur and unfortunately won't be able to participate with 2nd layer apps because it still has the malleability bug. Big boys are playing their games. It's still early days, the f-wits are only just turning up, next is mainstream.

Next year is going to be very interesting. Futures market by end of this year. Wall St. is sitting on the fence. Lightning Network and 2nd layer apps. I'm especially excited by Lightning.

I bought some just in case it does become bigger than the internet.
If it all crashes ...I'll buy some more. : \

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bene313 said...
I think the true value of blockchain applications is being clouded by the gamble/hysteria around cryptos, trading and the potential for profits.


Most of the hysteria and comments, these days, is childish ...er, vomit. Memes and sentences of single-sylabble words. It's all about that money, money. It's like a bad rap video. I fn hate it. It give me a headache.

I just want to point out right here that completely contrary to that the "inventor" of Bitcoin, Satoshi Nakamoto, is a complete mystery. Assumed dead. True identity unknown. All his bitcoin essentially lost forever, seemingly intentionally.

I'm of the idea that the blockchain is the blockchain; The Bitcoin blockchain.

If it's not obvious I'm a bitcoin maximalist. All the others are clones and will eventually fail. (except dogecoin)


By implementing segregated witness (SegWit) a few months back Bitcoin fixed a bug that was preventing "killer apps" being built on top of the blockchain (you can disagree it is the blockchain if you like. Please do.) It wasn't just to save space in each block. I put "segregated" in bold because seemingly all of the BitcoinCash people don't know what that word means and think security is reduced, when in fact it is quite the opposite because of the malleability bug. Learn to read more than single line memes. It may hurt to read long texts, but it pays off.


______________________________________________

Interesting Links

Lightning Network
From 7 transactions/second to millions. And billions. Super cheap transactions. (I've seen a clever illustration where you would get paid for your transaction.) This is a 2nd layer app.
lightning.network

Bitcoin Futures
CME will list bitcoin futures in December.
www.cnbc.com/2017/11/13/cme-ceo-says-bitcoin-futures-will-list-second-week-in-december.html

BlockStack
Don't want to store you personal information on FaceBook? (built on top of Bitcoin blockchain)
blockstack.org

OpenBazaar
Distributed eBay. Needs a 'browse' button.
www.openbazaar.org

Social Scalability (Long read. Super important author)
What does "being your own bank" really mean? See, when you create "a wallet" with "addresses", it's a misnomer. That is a bank with accounts. You can now trade with other banks internationally, instantly, and completely securely.
unenumerated.blogspot.com.au/2017/02/money-blockchains-and-social-scalability.html

Goldman Sachs CEO Talks Bitcoin
I was so impressed that he really, truly gets it.

AUS1111
WA, 2784 posts
Thursday , 16 Nov 2017 9:01PM
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^^ Great post - thanks. It's good to be able to come here and learn.



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Forums > General Discussion   Shooting the breeze...


"Cryptocurrency" started by Razzonater