Author Topic: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion  (Read 307962 times)

GuitarStv

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1250 on: March 26, 2019, 07:43:01 PM »
I like the triangle and shit.  That's how you know the graph is totally serious.

JAYSLOL

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1251 on: March 26, 2019, 07:54:42 PM »
Technical analysis and cryptocurrencies, all in one post? I feel like I win crackpot investing bingo.

Don't forget it's from a first time poster, I think that does make it bingo.  Im surprised there wasn't a link to some kind of "sure thing crypto investment opportunity". 

theolympians

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1252 on: March 27, 2019, 12:19:29 AM »
I like the triangle and shit.  That's how you know the graph is totally serious.

"Triangle and shit", THAT is hilarious! I can't stop laughing.

sherr

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1253 on: March 27, 2019, 06:33:27 AM »
Holy cow. Does anyone anywhere actually take that word vomit seriously?

Edit: on second thought, I agree that this is clearly a troll account.

forgerator

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1254 on: April 02, 2019, 05:40:55 PM »
How do you like that short position now with the rise of flaming green 25% di$do from this morning? 😁

Today [spam link removed] btc have 3946 as previous support become resistance (classic support and resistance ). This level also as Fibonacci 618 resistance.
If this level able to hold bullish , it will confirm bearish with a new lower target at 3807 (fibonacci 1.618)

This pattern still unconfirmed as bullish 3 drives, and it will complete as bullish 3 drives once we reach 3807 with target at 3982

*I already close my short at 3860, now i wait for new short around 3946 with target at 3807.
« Last Edit: April 03, 2019, 08:17:57 AM by arebelspy »

erjkism

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1255 on: May 13, 2019, 06:03:54 PM »
bitcoin is back? Is this a good time to get in?

Telecaster

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1256 on: May 13, 2019, 08:39:18 PM »
bitcoin is back? Is this a good time to get in?

No and no.   

Stimpy

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1257 on: May 14, 2019, 07:33:34 AM »
bitcoin is back? Is this a good time to get in?

It's back... to the 8k range.... still down over 50% from it's all time high.... So really, no, it's not.

Per a friend: "It's always a good time to get in, it's going to 200k a coin!!!!!!!@#$@#!$@@!@"   Me personally, I enjoy a good gamble here and there, BUT I want a chance to actually win.  How do you value bitcoin?  Answer: You can't.   So if you want to take a gamble with a real chance it's going to go to zero, sure get in.  Me, I think I'll stick to day trading stocks, it's safer.....   /Sarcasm

maizefolk

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1258 on: May 14, 2019, 08:04:12 AM »
The best explanation I've heard is that this is what the unraveling of "tether" finally looks like.

Tether is cyptocurrency which is supposedly maintaining a dollar peg at a fixed an exchange rate of 1:1 with the dollar. Many exchanges like this because it means they don't have any dollar deposits. But the company that tries to maintain that dollar peg has been playing games with their reserves, and recently has $850M in assets frozen.

So one, people who got burned by the crash back in 2017 moved out of normal cryptocurrencies generally ended up holding Tether instead of actual US currency. Those people are now worried about Tether and if they cannot easier move back to US currency may be moving it back into traditional cryptocurrencies like bitcoin which at least aren't likely to completely dry up and blow away if a single company goes bankrupt.

And two, many exchanges don't have a true USD option, just Tether. So their bitcoin prices are really based on BTC:Tether and Tether:USD. Since Tether:USD is assumed to be 1:1 that shouldn't matter. But if people are treated a Tether as being worth significantly less than a dollar, then the BTC:USD exchange rate is actually lower than you would estimate from the two step BTC:Tether and assumed 1:1 of Tether:USD.  (TL;DR: If Tether is worth less than a dollar, then some of the reported bitcoin prices in us dollars are incorrectly high.)

BobTheBuilder

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1259 on: May 14, 2019, 03:25:42 PM »
I mined 0.2 Ether out of curiosity. Let's see were the hype train number three goes. Remind to convert that into an extra ETF contribution once Ether hits 500€ /560$ again so I get the satisfaction of hitting a round number of 100€ for increasing my ETF contributions ahead of schedule.


OneCoolCat

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1260 on: May 15, 2019, 10:45:03 PM »
I mined 0.2 Ether out of curiosity. Let's see were the hype train number three goes. Remind to convert that into an extra ETF contribution once Ether hits 500€ /560$ again so I get the satisfaction of hitting a round number of 100€ for increasing my ETF contributions ahead of schedule.

Just set an alarm for Tuesday.

PDXTabs

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1261 on: May 15, 2019, 11:29:30 PM »
bitcoin is back? Is this a good time to get in?

It's back... to the 8k range.... still down over 50% from it's all time high.... So really, no, it's not.

That depends when you bought. My house got two of them for less than $500 each. Of course, we used half of it to actually buy stuff online.

GuitarStv

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1262 on: May 16, 2019, 07:40:15 AM »
Yeah, by that logic Bre-X was a stunning investment too.  As long as you managed to use your crystal ball to buy at exactly the right time and sell at exactly the right time.  Easy peasy.

PDXTabs

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1263 on: May 16, 2019, 08:49:19 AM »
Yeah, by that logic Bre-X was a stunning investment too.  As long as you managed to use your crystal ball to buy at exactly the right time and sell at exactly the right time.  Easy peasy.

That sort of volatility is also a pretty bad feature in a currency.

GuitarStv

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1264 on: May 16, 2019, 10:06:09 AM »
I thought we established long ago that Bitcoin (and all the clones) are terrible for use as a currency.

PDXTabs

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1265 on: May 16, 2019, 10:36:12 AM »
I thought we established long ago that Bitcoin (and all the clones) are terrible for use as a currency.

How long have they been around? I just got done reading David Graeber's Debt and I have been convinced that new financial instruments often have wildly fluctuating values. Just because cryptocurrency is a shit currency today doesn't mean that will hold true in 100 years.

I still prefer ETH and BTC to Venezuela Bolívars, which is to say that everything is relative.

Of course, that still doesn't make them a good investment.

GuitarStv

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1266 on: May 16, 2019, 10:49:57 AM »
Fair enough.  I guess we'll see what another decade of bitcoin brings.

Telecaster

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1267 on: May 16, 2019, 10:54:04 AM »
I thought we established long ago that Bitcoin (and all the clones) are terrible for use as a currency.

How long have they been around? I just got done reading David Graeber's Debt and I have been convinced that new financial instruments often have wildly fluctuating values. Just because cryptocurrency is a shit currency today doesn't mean that will hold true in 100 years.

I still prefer ETH and BTC to Venezuela Bolívars, which is to say that everything is relative.


I do too, but that's a pretty low bar.   At its peak BTC went from $20,000 down to about $4,000.   That's some impressive hyperinflation so matter how you slice it. 

There have been some efforts to create stable coins pegged to a fiat currency, which would solve a lot of problems, except for the problem that you are pegged to a fiat currency.  And of course, the peg can break.     



runbikerun

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1268 on: May 17, 2019, 02:53:32 AM »
I thought we established long ago that Bitcoin (and all the clones) are terrible for use as a currency.

How long have they been around? I just got done reading David Graeber's Debt and I have been convinced that new financial instruments often have wildly fluctuating values. Just because cryptocurrency is a shit currency today doesn't mean that will hold true in 100 years.

I still prefer ETH and BTC to Venezuela Bolívars, which is to say that everything is relative.

Of course, that still doesn't make them a good investment.

In fairness, comparing the best possible cryptocoins to the single worst case of hyperinflation in recorded history doesn't exactly give an accurate picture. The Turkish lira had a horrific 2018, to the extent that the IMF almost came in and the economy came quite close to melting down, and it still had a better year than Bitcoin. If you live in a country with a reasonably diversified economy and a competent system of government, or if you have access to the currency of such a country, you're better off with that than with any cryptocoin.

PDXTabs

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1269 on: May 17, 2019, 10:23:14 AM »
In fairness, comparing the best possible cryptocoins...

They're the ones I own. Well, that and a tiny bit of XMR. All of my ETH and XMR was mined, and all of my BTC was purchased to use in commerce.

thenextguy

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1270 on: May 31, 2019, 09:09:18 PM »
If anyone is interested in learning about the use cases for blockchain technology in business, you might find this presentation from Paul Brody interesting: https://www.youtube.com/watch?v=DxyqBcAxUg0&

Brody is the blockchain lead for Ernst & Young (EY). EY recently released an open source protocol for making private transactions on the public Ethereum blockchain. You can read about that here if you're interested: https://finance.yahoo.com/news/ey-open-sources-nightfall-code-142024265.html


thenextguy

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Paul990

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1272 on: June 19, 2019, 12:53:05 PM »
There have been some efforts to create stable coins pegged to a fiat currency, which would solve a lot of problems, except for the problem that you are pegged to a fiat currency.  And of course, the peg can break.   
The peg can't break as long as the stablecoin is 100% backed.
Fiat-backed stablecoins are not the only ones, there are stablecoins pegged to commodities too

Telecaster

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1273 on: June 19, 2019, 02:09:33 PM »
There have been some efforts to create stable coins pegged to a fiat currency, which would solve a lot of problems, except for the problem that you are pegged to a fiat currency.  And of course, the peg can break.   
The peg can't break as long as the stablecoin is 100% backed.
Fiat-backed stablecoins are not the only ones, there are stablecoins pegged to commodities too

It raises the question though, if the stablecoin is 100% backed, what do you need the stablecoin for?   It raises another question, who makes sure the backing is really there and available?  And is it even really backed?  For example, Tether states “no guarantee any right of redemption or exchange of Tethers by us for money.”   So it is backed, unless it isn't. 

And stablecoin pegs have broken in the past. 

If you want a decentralized ledger, that's a good reason for blockchain.  But you don't need a token for that. 

thenextguy

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1274 on: June 19, 2019, 04:24:32 PM »
More news today.

https://blog.cloudflare.com/cloudflare-ethereum-gateway/

Basically you're going to have fully decentralized websites.

thenextguy

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1275 on: June 19, 2019, 05:20:28 PM »

BattlaP

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1276 on: June 19, 2019, 06:44:49 PM »
It's easier to keep up when you realise that none of these 'pilot programs' never amount to any competitive advantage for the company and therefore never amount to anything.

Paul990

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1277 on: June 20, 2019, 04:45:15 AM »
There have been some efforts to create stable coins pegged to a fiat currency, which would solve a lot of problems, except for the problem that you are pegged to a fiat currency.  And of course, the peg can break.   
The peg can't break as long as the stablecoin is 100% backed.
Fiat-backed stablecoins are not the only ones, there are stablecoins pegged to commodities too

It raises the question though, if the stablecoin is 100% backed, what do you need the stablecoin for?   It raises another question, who makes sure the backing is really there and available?  And is it even really backed?  For example, Tether states “no guarantee any right of redemption or exchange of Tethers by us for money.”   

"If the stablecoin is 100% backed, what do you need the stablecoin for?"
If the major point of cryptos is that of representing an alternative to fiat money, then fiat-backed cryptos have indeed no major point.
Nonetheless Stablecoins offer some benefits vs. traditional money transactions.
They are the same benefits offered by all cryptos in general, due to the technology they are based on (blockchain).
As for a layman like me, the benefits I can reach an understanding of are these:

1. Transactions
In traditional business dealings, brokers, agents, and legal representatives can add significant complication and expense to what should otherwise be a straightforward transaction. There’s paperwork, brokerage fees, commissions, and any number of other special conditions which may apply.
One of the advantages of cryptocurrency transactions is that they are one-to-one affairs, taking place on a peer-to-peer networking structure that makes “cutting out the middle man” a standard practice. This leads to greater clarity in establishing audit trails, less confusion over who should pay what to whom, and greater accountability, in that the two parties involved in a transaction each know who they are.

2. More Confidential Transactions
Under cash/credit systems, your entire transaction history may become a reference document for the bank or credit agency involved, each time you make a transaction. At the simplest level, this might involve a check on your account balances, to ensure that sufficient funds are available. For more complex or business-critical transactions, a more thorough examination of your financial history might be required.
Another one of the great advantages of cryptocurrency is that each transaction you make is a unique exchange between two parties, the terms of which may be negotiated and agreed in each case. What’s more, the exchange of information is done on a “push” basis, whereby you can transmit exactly what you wish to send to the recipient – and nothing besides that.
This guards the privacy of your financial history and protects you from the threat of account or identity theft which is greater under the traditional system, where your information may be exposed at any point in the transaction chain.

3. Greater Access to Credit
Digital data transfer and the internet are the media facilitating the exchange in cryptocurrencies. So these services are potentially available to anyone who has a viable data connection, some knowledge of the cryptocurrency networks on offer, and ready access to their relevant websites and portals.
It’s estimated that there are currently 2.2 billion individuals across the world who have access to the Internet or mobile phones, but don’t currently have access to traditional systems of banking or exchange. The cryptocurrency ecosystem holds the potential to make asset transfer and transaction processing available to this vast market of willing consumers – once the required infrastructure (digital and regulatory) is put in place.

4. Individual Ownership
In a traditional banking or credit card system, you effectively turn stewardship of your funds over to a third party that can exercise the power of life or death over your assets. Accounts may be closed without notice for infringements of a financial institution’s Terms of Service – requiring you as the account holder to jump through hoops in order to get yourself back into the system.
Perhaps the greatest of all advantages of cryptocurrency is that unless you’ve delegated management of your wallet over to a third party service, you are the sole owner of the corresponding private and public encryption keys that make up your cryptocurrency network identity or address.

5. Strong Security
Once a cryptocurrency transfer has been authorized, it can’t be reversed as in the case of the “charge-back” transactions allowed by credit card companies. This is a hedge against fraud which requires a specific agreement to be made between a buyer and seller regarding refunds in the event of a mistake or returns policy.
Finally, the strong encryption techniques employed throughout the distributed ledger (blockchain) and cryptocurrency transaction processes are a safeguard against fraud and account tampering, and guarantors of consumer privacy.

https://blog.finjan.com/advantages-of-cryptocurrency/

Paul990

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1278 on: June 20, 2019, 04:53:31 AM »
It raises the question though, if the stablecoin is 100% backed, what do you need the stablecoin for?   It raises another question, who makes sure the backing is really there and available?  And is it even really backed?
Third party audits, on a regular basis, through an internationally renown auditing company, e.g. Bureau Veritas.

For example, Tether states “no guarantee any right of redemption or exchange of Tethers by us for money.”
The first two things to look at, in order to judge a x-backed stablecoin project, are a) independent auditing, and b) redemption option, the possibility of converting the coins for what they represent.
b) is particularly important in case of precious metals-backed Stablecoins.
Without a) and b), hands off