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budmanman
OTD Masterbater
Registered: 02/07/07
Posts: 18,116
Loc: PNW
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: vinnie boombotz]
#27773387 - 05/11/22 11:23 PM (1 year, 10 months ago) |
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LUNA rugpull
-------------------- 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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LotKid
Never.Trust.A.Prankster
Registered: 01/07/17
Posts: 8,169
Loc: Shakedown St.
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: budmanman]
#27773395 - 05/11/22 11:44 PM (1 year, 10 months ago) |
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shouldve kept my shorts open.
markets doing their best impression of the wicked witch of the west. "i'm melting!... melting!"
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budmanman
OTD Masterbater
Registered: 02/07/07
Posts: 18,116
Loc: PNW
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LotKid] 1
#27773433 - 05/12/22 01:08 AM (1 year, 10 months ago) |
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Reports of suicides induced by the crash. I hope before they offed themselves that they sold to sink it lower I'm looking to buy in cheap af
-------------------- 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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LotKid
Never.Trust.A.Prankster
Registered: 01/07/17
Posts: 8,169
Loc: Shakedown St.
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: budmanman]
#27773443 - 05/12/22 01:37 AM (1 year, 10 months ago) |
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BTC/USD- Weekly- Bitstamp.
just some of what i'm seeing
Edit: getting a bounce off the 200 EMA as i type this. i think we'll break and go below.
"the time to buy is when there's blood in the streets." -Nathan Rothschild
Edited by LotKid (05/12/22 01:47 AM)
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nooneman
Registered: 04/24/09
Posts: 14,683
Loc: Utah
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] 1
#27773472 - 05/12/22 02:54 AM (1 year, 10 months ago) |
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I'm buying a little here and there on the way down, will continue to do so if we go lower. Nothing big, just small amounts here and there. If it went below 20 that would be pretty crazy. I'd be tempted to spend more if it started sinking that low.
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Spaghetti burrito
Stranger
Registered: 05/09/22
Posts: 60
Last seen: 22 days, 3 hours
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: nooneman]
#27773507 - 05/12/22 04:25 AM (1 year, 10 months ago) |
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Your lack of humility is disturbing, budmanman. Have sympathy for the people losing their shirts (and lives, if what you say is true). Anybody that plays in this space can get rekt, yourself included.
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CHeifM4sterDiezL
Chief Globerts
Registered: 07/28/10
Posts: 22,938
Loc: United States
Last seen: 1 hour, 6 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Spaghetti burrito] 2
#27773555 - 05/12/22 06:36 AM (1 year, 10 months ago) |
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Shit is finally over fewer and fewer idiots are dumb enough to invest in crypto
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shuna
Registered: 03/07/21
Posts: 279
Last seen: 2 hours, 52 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: CHeifM4sterDiezL]
#27773557 - 05/12/22 06:38 AM (1 year, 10 months ago) |
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until the next pump and dump
budmanman is kinda right though, in terms of bottom indicators anyway
might go long on ust, than again, mybe not.
Edited by shuna (05/12/22 06:45 AM)
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LotKid
Never.Trust.A.Prankster
Registered: 01/07/17
Posts: 8,169
Loc: Shakedown St.
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: CHeifM4sterDiezL]
#27773606 - 05/12/22 07:54 AM (1 year, 10 months ago) |
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Quote:
CHeifM4sterDiezL said: Shit is finally over fewer and fewer idiots are dumb enough to invest in crypto
Well its easy to spot who doesnt like gains and profits round here
Its cool if you dont understand it. It can be complex
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Fiery
Sword of Fire
Registered: 12/24/12
Posts: 36,574
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LotKid]
#27773631 - 05/12/22 08:24 AM (1 year, 10 months ago) |
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What in the world. LUNA down to pennies now?
IS there a chance it will ever come back ?
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CapSlinger
Registered: 05/17/11
Posts: 1,063
Loc: Colorado rocky mountain high
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Fiery]
#27773650 - 05/12/22 08:41 AM (1 year, 10 months ago) |
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Spaghetti burrito
Stranger
Registered: 05/09/22
Posts: 60
Last seen: 22 days, 3 hours
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: CapSlinger]
#27773688 - 05/12/22 09:22 AM (1 year, 10 months ago) |
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With the focus lately on stablecoins, I wonder which stablecoin is now perceived as most safe at this juncture. My impression is while confidence in tether is high, it is shady at best.
I haven't DYORd these things, but curious if anyone here has and has a decent grasp on the vulnerability of the other major stablecoins, particularly tether. Cheers SB
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙
Registered: 05/08/01
Posts: 23,563
Loc: city of angels
Last seen: 1 day, 10 hours
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Spaghetti burrito]
#27773726 - 05/12/22 09:49 AM (1 year, 10 months ago) |
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USDC, managed by Circle and regulated in the United States, appears to have the most stable mix of collateral as well as the highest level of regulatory oversight, of the stable coins currently on the market. A hat tip to DAI, another algorithmic stable coin that has remained over-collateralized and relatively stable throughout its tenure... but DAI it is still based on algorithms and crypto backing whereas USDC utilizes more traditional financial collateral as its reserve. The primary differences between USDC and USDT, are that Tether doesn't fall under US regulatory authority and likely holds a higher proportion of "commercial debt" on its balance sheet as a reserve. Commercial (aka corporate) debt is not as liquid or reliable as other backing instruments such as plain currency and government issued Treasury bills.
-------------------- -------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Rotnpins
🤮 Rotten-Pins 🍄
Registered: 01/11/22
Posts: 4,738
Loc: in (front of) the hood
Last seen: 1 year, 3 months
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Spaghetti burrito]
#27773730 - 05/12/22 09:51 AM (1 year, 10 months ago) |
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Quote:
Spaghetti burrito said: With the focus lately on stablecoins, I wonder which stablecoin is now perceived as most safe at this juncture. My impression is while confidence in tether is high, it is shady at best.
I haven't DYORd these things, but curious if anyone here has and has a decent grasp on the vulnerability of the other major stablecoins, particularly tether. Cheers SB
It's not a stablecoin... but if you're looking for something safe/stable, I'd look into PAXG
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CHeifM4sterDiezL
Chief Globerts
Registered: 07/28/10
Posts: 22,938
Loc: United States
Last seen: 1 hour, 6 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27773742 - 05/12/22 09:58 AM (1 year, 10 months ago) |
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Quote:
geokills said: USDC, managed by Circle and regulated in the United States, appears to have the most stable mix of collateral as well as the highest level of regulatory oversight, of the stable coins currently on the market. A hat tip to DAI, another algorithmic stable coin that has remained over-collateralized and relatively stable throughout its tenure... but DAI it is still based on algorithms and crypto backing whereas USDC utilizes more traditional financial collateral as its reserve. The primary differences between USDC and USDT, are that Tether doesn't fall under US regulatory authority and likely holds a higher proportion of "commercial debt" on its balance sheet as a reserve. Commercial (aka corporate) debt is not as liquid or reliable as other backing instruments such as plain currency and government issued Treasury bills.
What the fuck is the point of a crypto that has regulatory oversight? This has just gotten silly
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙
Registered: 05/08/01
Posts: 23,563
Loc: city of angels
Last seen: 1 day, 10 hours
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: CHeifM4sterDiezL]
#27773755 - 05/12/22 10:09 AM (1 year, 10 months ago) |
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There are imminent attempts to form a global regulatory body for crypto oversight presently underway, going beyond individual and non-coordinated country specific measures. For something like a stable coin that is backed by traditional assets, regulatory oversight makes some sense since the value of the coin is directly tied to traditional/regulated financial instruments. Terra's UST was an effort to break that connection and create a native crypto stable coin, but as we have seen many times over with algorithmic stable coins, we clearly haven't yet perfected the practice.
-------------------- -------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ashfiken
TotalCrazyasshole
Registered: 09/06/06
Posts: 3,123
Loc: SCranton
Last seen: 1 day, 31 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#27773779 - 05/12/22 10:26 AM (1 year, 10 months ago) |
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Aren't all coins bought with traditional assets? Ie dollars euro or whatever the native currency is to the buyer, making every coin "backed" by basically the same financial means, aside from the stable coins with this corporate debt backing?
With this being the case isn't it our goal of crypto to decentralize and a stable coin has no place in that? I understand the algorithmic ones are technically supposed to be decentralized, but seems aren't, and aren't properly backed. I thought the only purpose for them was to give investors in crypto a safe space when getting in and out of positions. I just don't completely get why we NEED stable coins, and it seems kind of a pointless endeavor, if one of cryptos goals is to transcend traditional finance. What is the point of tying a coin to a fiat? If in crypto space to make money one shouldn't care about stable, jus profit. If one is in crypto space to stay in tech long term, why not just allocate into coins researched and with actual dev & future or current use?
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
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syncro
Registered: 01/14/15
Posts: 2,912
Last seen: 2 hours, 21 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ashfiken]
#27773897 - 05/12/22 11:51 AM (1 year, 10 months ago) |
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Alex Mashinsky, boss of Celsius Network tweets, "By Monday we will flush through the remaining leverage in Crypto & BTC and ETH will start to recover on their way to new ATH. There are many people joining and many institutions buying for the prices to keep going lower. The shorts will have to start covering next week as well." https://twitter.com/Mashinsky/status/1524785905533440002 Not financial advice.
$25k bottom makes this channel. It looks nice anyway.
https://twitter.com/BCBacker/status/1524785318548873216
Edited by syncro (05/12/22 11:55 AM)
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LotKid
Never.Trust.A.Prankster
Registered: 01/07/17
Posts: 8,169
Loc: Shakedown St.
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: syncro]
#27774016 - 05/12/22 12:59 PM (1 year, 10 months ago) |
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syncro
Registered: 01/14/15
Posts: 2,912
Last seen: 2 hours, 21 minutes
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ashfiken]
#27774032 - 05/12/22 01:11 PM (1 year, 10 months ago) |
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Quote:
ashfiken said: Aren't all coins bought with traditional assets? Ie dollars euro or whatever the native currency is to the buyer, making every coin "backed" by basically the same financial means, aside from the stable coins with this corporate debt backing?
With this being the case isn't it our goal of crypto to decentralize and a stable coin has no place in that? I understand the algorithmic ones are technically supposed to be decentralized, but seems aren't, and aren't properly backed. I thought the only purpose for them was to give investors in crypto a safe space when getting in and out of positions. I just don't completely get why we NEED stable coins, and it seems kind of a pointless endeavor, if one of cryptos goals is to transcend traditional finance. What is the point of tying a coin to a fiat? If in crypto space to make money one shouldn't care about stable, jus profit. If one is in crypto space to stay in tech long term, why not just allocate into coins researched and with actual dev & future or current use?
Stable coins provide crypto/fiat pairs in exchanges, and swaps, and so on, provide liquidity opportunity for yield, and also yield is paid on stablecoins in cefi and defi? or on stable to stable pairs, again a liquidity pool, though US just pulled all yield opportunity from average people, "for our protection." Good thing they can't get their hands on defi, for now anyway. As long as the landlord and grocery store wants fiat, I like stable coins, as long as we are able to put them back to their fiat.
Edited by syncro (05/12/22 01:16 PM)
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