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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy]
#27256284 - 03/16/21 08:54 PM (2 years, 10 months ago) |
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Quote:
Nature Boy said: Sorry for the double post, but this is important. I think his assessment of the bullish doji is correct. Under 3 hours to go to the close on the day, and BTC is comfortably above the level to maintain the dragonfly doji and has erased the upper wick.
It's a cup and handle.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Hikeadellic
Fungi Fan



Registered: 08/31/20
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: budmanman]
#27256307 - 03/16/21 09:10 PM (2 years, 10 months ago) |
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So I am a big fan of zec and the more I watch the price move the more I am optimistic about it as a hold
Is there something I am missing about it? I would love for someone to convince me that I am wrong
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Hikeadellic]
#27256358 - 03/16/21 09:55 PM (2 years, 10 months ago) |
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If you like zec then buy it, its not even that high so maybe it will pump/
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: budmanman]
#27256632 - 03/17/21 03:08 AM (2 years, 10 months ago) |
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8 hours later, cardano still hanging ten at > +20% 24h average
-------------------- Omnicyclion.org higher knowledge starts here
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Nature Boy
Stranger than most



Registered: 07/09/07
Posts: 8,241
Loc: Samsara
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: budmanman]
#27256694 - 03/17/21 04:59 AM (2 years, 10 months ago) |
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Quote:
budmanman said: It's a cup and handle.
Either way, bullish, no? I'm watching BTC trade around 55,000 even this morning. Was thinking about picking up another 0.2 BTC if it slides down to around 53,700K or below.
Anybody else see the new NVTS "value over time" feature in the portfolio balance tab in Cryptowatch? VERY COOL!
-------------------- All submitted posts under this user name are works of pure fiction or outright lies. Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit. Note well: Sorry, but I do not answer PM's unless you are a long-time trusted friend. If you have a question, ask it in the appropriate thread.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy]
#27256904 - 03/17/21 08:31 AM (2 years, 10 months ago) |
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Interesting to note that in the summer of 2019, Fortress Investment Group sent me their first solicitation regarding my MtGox civil rehabilitation claim, offering $900 per BTC on my claim. They have continued to raise their bid across several offers since, with the most recent arriving this week for $7000 per BTC. This amount represents approximately 70-75% of the full claim value, which is not a terrible discount given bitcoin's historical volatility in conjunction with the expectation that a final payout from Japan will not arrive until well into 2022.
Nevertheless, if a major investment bank is so persistently confident in raising their bids, I have to believe that such behavior lends credence to the sentiment that BTC still has plenty of room to run.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27256912 - 03/17/21 08:34 AM (2 years, 10 months ago) |
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But also sounds like they're under bidding the shit out of you.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27256951 - 03/17/21 08:57 AM (2 years, 10 months ago) |
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Quote:
geokills said:
Nevertheless, if a major investment bank is so persistently confident in raising their bids, I have to believe that such behavior lends credence to the sentiment that BTC still has plenty of room to run. 
Also, that its pretty likely that you'll get your money back.
-------------------- Omnicyclion.org higher knowledge starts here
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LeafRaker
nomad



Registered: 11/28/11
Posts: 718
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Asante]
#27257013 - 03/17/21 09:26 AM (2 years, 10 months ago) |
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Greetings, I am new to this thread, so I apologize if this has been covered before. I did search the entire board to see if some terms related to my conjecture had appeared before in these discussions. Short answer: not recently, though there's a chance I've chosen the wrong terms. I apologize if this comment is a waste.
It seems typical to think of cryptocurrency as an outsider-whiz thing. I'm super curious to ask if anyone has considered it to be an insider-whiz thing. I know more people than most with the requisite skills to have put this together and it disturbs me that many of those with the requisite skills are actually already quite rich+powerful and are among the best at eluding laws and manipulating the little people to their own advantage.
Without naming names, I'd wonder if there's ever been speculation that the brains behind the big cryptocurrencies are actually very well financed in USD terms and more 'respectable' than have generally been imagined.
-------------------- Knowledge is finite, ignorance is infinite.
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trees


Registered: 02/08/09
Posts: 9,194
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LeafRaker]
#27257055 - 03/17/21 09:47 AM (2 years, 10 months ago) |
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I think you're way over thinking something about it that doesnt really matter. Just buy some crypto to relieve yourself of these bizzare concerns that help to justify not being in crypto
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teknix
𓂀⟁𓅢𓍝𓅃𓊰𓉡 𓁼𓆗⨻



Registered: 09/16/08
Posts: 11,953
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LeafRaker]
#27257072 - 03/17/21 09:55 AM (2 years, 10 months ago) |
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Well, look into monero to alleviate your concerns :P
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LeafRaker
nomad



Registered: 11/28/11
Posts: 718
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: trees]
#27257076 - 03/17/21 09:57 AM (2 years, 10 months ago) |
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You're thinking small, hombre.
-------------------- Knowledge is finite, ignorance is infinite.
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trees


Registered: 02/08/09
Posts: 9,194
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LeafRaker]
#27257080 - 03/17/21 10:02 AM (2 years, 10 months ago) |
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What are you trying to figure out and what will you do with the conclusion?
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LeafRaker
nomad



Registered: 11/28/11
Posts: 718
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: trees]
#27257094 - 03/17/21 10:10 AM (2 years, 10 months ago) |
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I told you that I know some folks with the chops to put this together, so while I am speculating, I'm a good bit savvier here than most. There's a very, very long history of big crazy financial Rube Goldbergs being put together by super-cynical folks. It always ends very badly and impacts many who weren't directly involved.
-------------------- Knowledge is finite, ignorance is infinite.
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teknix
𓂀⟁𓅢𓍝𓅃𓊰𓉡 𓁼𓆗⨻



Registered: 09/16/08
Posts: 11,953
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LeafRaker]
#27257103 - 03/17/21 10:14 AM (2 years, 10 months ago) |
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XMR holding +4% on the day when the other big ones are down, it's the currency of dark markets now. My opinion is that BTC will be the reserve currency, Ethereum will be for utility and XMR for illegal transactions. The whole insider and outsider thingy, I'm not exactly sure what you mean?
Perhaps it involves a conspiracy theory? Something like:
DEA in cooperation with the CIA invents BTC to more easily smuggle drugs into the USA and pay the cartels without having to transport cash?
I think it is to undermine the central banks and SWIFT, and governmental control of currency. It already out there in the Genesis block about the 2009 Bail out.
https://www.cdotrends.com/sites/default/files/Bitcoin.png
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trees


Registered: 02/08/09
Posts: 9,194
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: teknix]
#27257127 - 03/17/21 10:27 AM (2 years, 10 months ago) |
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Quote:
teknix said: The whole insider and outsider thingy, I'm not exactly sure what you mean?
It's just
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 10 minutes, 42 seconds
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: budmanman]
#27257128 - 03/17/21 10:27 AM (2 years, 10 months ago) |
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Quote:
budmanman said: But also sounds like [Fortress Investment Group is] under bidding the shit out of you [on your MtGox claim].
Naturally, they are an investment bank, not a charity. They expect to be paid for assuming risk pertaining to both the time delay of the final payout from the bankrupt estate which includes volatility risk in the price of the underlying assets in addition to potential mismanagement (loss or theft) of the private keys by the Japanese trustee's office, as well as an unexpectedly large award to the disputed Coinlab claim that is currently in litigation. Frankly, for a payout that isn't expected to arrive for another 12-18 months, I think a 25-30% discount is fair given the underlying volatility of the asset. BTC suffered a 25%+ correction just one month ago. So if you cash out now at the discount, you not only gain the option reallocate a portion of the funds, but can also put the money right back to work in BTC during potential/probable future corrections.
For my part, I haven't accepted any of their offers to buy my claim and do not intend to. But if I had immediate cash flow requirements, this would be an attractive option to take. Keep in mind we are going on 8 years now since MtGox went under. The price of BTC has vastly appreciated during that time. So for someone who may have put most of their eggs into MtGox's proverbial basket, their ROI after accounting for the estate's losses and even in consideration of the risk-discounted Fortress buyout offer are likely to be well in excess of 1000%. My personal claim at present values looks to return in excess of 3000% of what I originally wired into MtGox (although I suspect my returns are better than average, as I was actively trading into the weakness once the exchange shutoff fiat withdrawals and BTC price on the exchange subsequently decoupled from the global average). For people who put a lot in there, it may make sense to accept the discount simply to avoid the potential risk of BTC crashing, if their MtGox claim now comprises the bulk of their net worth.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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teknix
𓂀⟁𓅢𓍝𓅃𓊰𓉡 𓁼𓆗⨻



Registered: 09/16/08
Posts: 11,953
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: teknix] 2
#27257130 - 03/17/21 10:27 AM (2 years, 10 months ago) |
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When the Governments and Central banks fail to be good stewards and protect the value of our money the people have to do something about it, and cryptos are how they did something about it, imo.
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Nature Boy
Stranger than most



Registered: 07/09/07
Posts: 8,241
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: teknix]
#27257231 - 03/17/21 11:12 AM (2 years, 10 months ago) |
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For anyone who believes the Fed Chaiman's policy making can or will affect BTC (and by extension, ETH) here's a link to his live presentation. It starts at 2:30pm EST:
https://www.frbatlanta.org/news/feature/2019/01/30-fomc-press-conference
Might be fun to watch both the crypto market and the policy reveal at the same time. I'm 2/5 in cash just in case there's a significant enough dip to exploit. 
Also, I was wondering why my LINK was pumping (10% on the day so far). Here's the reason:
-------------------- All submitted posts under this user name are works of pure fiction or outright lies. Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit. Note well: Sorry, but I do not answer PM's unless you are a long-time trusted friend. If you have a question, ask it in the appropriate thread.
Edited by Nature Boy (03/17/21 11:32 AM)
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qman
Stranger

Registered: 12/06/06
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LeafRaker]
#27257285 - 03/17/21 11:41 AM (2 years, 10 months ago) |
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Quote:
LeafRaker said: Greetings, I am new to this thread, so I apologize if this has been covered before. I did search the entire board to see if some terms related to my conjecture had appeared before in these discussions. Short answer: not recently, though there's a chance I've chosen the wrong terms. I apologize if this comment is a waste.
It seems typical to think of cryptocurrency as an outsider-whiz thing. I'm super curious to ask if anyone has considered it to be an insider-whiz thing. I know more people than most with the requisite skills to have put this together and it disturbs me that many of those with the requisite skills are actually already quite rich+powerful and are among the best at eluding laws and manipulating the little people to their own advantage.
Without naming names, I'd wonder if there's ever been speculation that the brains behind the big cryptocurrencies are actually very well financed in USD terms and more 'respectable' than have generally been imagined.
You're not the first to come up with that conspiracy theory and you won't be the last. It usually comes from people that don't understand the history of crypto and people that feel they missed the boat on the massive gains.
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