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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 23 hours, 52 minutes
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: LeafRaker]
#27266651 - 03/23/21 08:26 PM (2 years, 10 months ago) |
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Listen, I've been investing/trading since 1994. I've been in the dot.com bubble, the meltdown of 2008. I know exactly what can happen. Hell, crypto doesn't even have much of a track record for asset classes, that itself makes it super spectacular. It also makes the potential gains super silly. I'm not here for the long term in crypto, I'm here to grab as much as I can in the shortest period of time. After that happens, I'll have a very simple and conservative allocation to crypto.
This isn't a religion for me, it's about calculating the probabilities of what is likely to happen. I see a bubble happening because of the nature of markets and acceptance of a new asset class that's global in nature. I might be wrong and be a bag holder in short order, or I might get out too early and have nice profits that could have been much nicer.
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george castanza
Lord Of The Idiots!


Registered: 10/21/02
Posts: 8,721
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: qman]
#27266684 - 03/23/21 09:00 PM (2 years, 10 months ago) |
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Quote:
qman said:
... it's about calculating the probabilities of what is likely to happen. I see a bubble happening because of the nature of markets and acceptance of a new asset class that's global in nature. I might be wrong and be a bag holder in short order, or I might get out too early and have nice profits that could have been much nicer.
100% truth
-------------------- KRAMER CAKES


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ManianFH
living in perverty



Registered: 07/06/04
Posts: 14,741
Last seen: 15 hours, 22 minutes
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: george castanza]
#27266798 - 03/23/21 11:11 PM (2 years, 10 months ago) |
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Woah, that is sweet! I really had no idea how the shroomery operated behind the scenes, though assumed that Geo and a few other wise heads were doing some smart stuff with the money.
Welp, shroomery, aside from my family, and some friends, you are my next constant haha. Glad to know youll be around probably as long as I will be, if not even longer
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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george castanza
Lord Of The Idiots!


Registered: 10/21/02
Posts: 8,721
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: bodhisatta]
#27271745 - 03/27/21 11:58 AM (2 years, 9 months ago) |
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Quote:
mick said: Woah, that is sweet! I really had no idea how the shroomery operated behind the scenes, though assumed that Geo and a few other wise heads were doing some smart stuff with the money.
Welp, shroomery, aside from my family, and some friends, you are my next constant haha. Glad to know youll be around probably as long as I will be, if not even longer 
Shroomerites Unite!
Quote:
bodhisatta said: You're safe if you have the same patience as big money does.
100% sound and true as the day is long.
It seems that the graphs presented on coinbase (I'm in the USA and all my crypto is now on the up and up!) are extremely misleading as to how the coin itself is performing overall.
Presenting a one hour graph is definitively suggestive that such coin should be traded hourly. Or in other words "they" seem to be pushing, perhaps overvalued, cryptocurrencies markets & trades on the masses like "they" first loaded ships with opium and pushed them towards China.
-------------------- KRAMER CAKES


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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 15 minutes, 13 seconds
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: george castanza]
#27271803 - 03/27/21 12:38 PM (2 years, 9 months ago) |
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I don't think the majority of reputable exchanges are actively working to push overhyped or overvalued cryptocurrencies on their customers. An exchange is in the business of making money by facilitating exchange transactions. At present, cryptocurrency exchanges extract a percentage from every transaction that takes place on their platform, so it is in their direct interest to encourage more active trading whenever possible. However, I don't generally see any of the exchanges I use shilling for any particular coin, even as they are always happy to make an announcement whenever they add a new trading pair, since it can generate more trading commissions for them.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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george castanza
Lord Of The Idiots!


Registered: 10/21/02
Posts: 8,721
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: geokills]
#27271836 - 03/27/21 01:04 PM (2 years, 9 months ago) |
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As that is a fair enough explanation of the representation of such business model I acquiesce.
However such acknowledgment does not mitigate the fact that "they" are pushing dopamine loops on people who do not even know what a "dopamine loop" is.
-------------------- KRAMER CAKES


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george castanza
Lord Of The Idiots!


Registered: 10/21/02
Posts: 8,721
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: george castanza]
#27307529 - 05/13/21 09:27 PM (2 years, 8 months ago) |
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Fast forward 47 days and you have blatant manipulation of the crypto markets buy an individual that I have never really thought much of, other than "what an obvious front for the establishment".
The real question is, are all us nerds, neckbeards, shut ins, idiot savants, freaks, counterculture advocates, hippies, geeks, and other persons of individual and diverse interests of common good going to let Elon Musk (shit, the name even sounds fake to me) manipulate public opinion for his own personal gain and the benefit of his puppet masters?

Fuck no we are not!
-------------------- KRAMER CAKES


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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: bodhisatta]
#27307789 - 05/14/21 03:40 AM (2 years, 8 months ago) |
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Quote:
bodhisatta said: The people that buy and sell every day will get fucked.
Buy, Stake, HODL
-------------------- Omnicyclion.org higher knowledge starts here
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george castanza
Lord Of The Idiots!


Registered: 10/21/02
Posts: 8,721
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: Asante]
#27307983 - 05/14/21 07:39 AM (2 years, 8 months ago) |
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Buy low sell high.
Just because some bad actors are attempting to game the system it doesn't necessarily mean that you will not have fun playing and it certainly does not mean that you can't make money.
A couple years back I heard about a soft seat at an Omaha high/low 6-12 with a 10-20 kill game that was open to the public, so I go check it out, I spot two kids playing together (chip signals and max back raises, successfully betting the other players out of the pots occasionally) and before the night is out split their wings wide open with two pair on a kill pot while these fools back raise max raises to each other because they both have an ace deuce, when the cards are turned over the one kid says to the other "I thought you had the top" and the other kid replied "I thoughtyou had it", the one kid starts cussing and calling me out for playing bad for calling all those raises with two pair after there was a straight on the board. I just chuckled and said "It takes more than money to bet me off of the best hand". Dude literally went livid because I had been blatantly attacking his stack for the past four hours or so (as soon as I noticed he was the weaker player of the two and they were playing in tandem I went after him). He goes on a rant about how bad I was playing, I looked down at my chips and was up to about $2800 (had bought in @$500). After he finally stopped whining about it. I looked over to one of my teenage heroes (this guy owned the arcade/pool hall in the neighborhood I used to live in and they also hosted live action poker games on the weekends) and said, "Hey you may know a little something about this, dont we use these chips here to keep track of how good we play?" He started laughing and said "I think that's how it works" The one guy who was down about 2k face turned beet red and he quit, the other kid was up a little from when I sat down but it was all of his buddies chips.
So I said all that to say this, just because the table might be tilted doesn't mean you can't win, the only way you can't win is not to play, but that is also the only way you can ensure you don't lose.
Quote:
Asante said:
Quote:
bodhisatta said: The people that buy and sell every day will get fucked.
Buy, Stake, HODL
The people who buy and sell poorly every day will get fucked, those who do it successfully will obviously come up.
I have come up following your advice on OMG & ADA and would be up more if I hadn't sold out my positions on both. Right now I have less than 5% of my crypto assets that I am holding at a loss and these I will continue to hold until my profitable sell order is triggered.
I personally believe that Musk is only trash talking BTC so he can buy more when the price drops.
Never trust the man is a solid plan.
-------------------- KRAMER CAKES


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tomnl
Beginner



Registered: 06/16/08
Posts: 1,635
Loc: Under the shroom
Last seen: 1 hour, 38 minutes
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: george castanza]
#27312044 - 05/17/21 02:32 AM (2 years, 8 months ago) |
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Nice one mate!
Greets Tom
Edited by tomnl (05/17/21 02:32 AM)
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LeafRaker
nomad



Registered: 11/28/11
Posts: 718
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: tomnl]
#27319782 - 05/23/21 10:17 AM (2 years, 8 months ago) |
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Any one want to point recent data points that say 'mainstream acceptance of cryptocurrency' is happening? I'm pretty sure the opposite is happening, but I'm open to being proved wrong.
-------------------- Knowledge is finite, ignorance is infinite.
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 23 hours, 52 minutes
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: LeafRaker]
#27319837 - 05/23/21 11:28 AM (2 years, 8 months ago) |
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Quote:
LeafRaker said: Any one want to point recent data points that say 'mainstream acceptance of cryptocurrency' is happening? I'm pretty sure the opposite is happening, but I'm open to being proved wrong.
The entire Crypto market is only $1.25 trillion today, that's not mainstream acceptance by any means, but that's what makes the industry very interesting today. Crypto is going to grow because of the technology, it's inevitable.
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LeafRaker
nomad



Registered: 11/28/11
Posts: 718
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: qman]
#27320881 - 05/24/21 06:50 AM (2 years, 8 months ago) |
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Quote:
qman said:
Quote:
LeafRaker said: Any one want to point recent data points that say 'mainstream acceptance of cryptocurrency' is happening? I'm pretty sure the opposite is happening, but I'm open to being proved wrong.
The entire Crypto market is only $1.25 trillion today, that's not mainstream acceptance by any means, but that's what makes the industry very interesting today. Crypto is going to grow because of the technology, it's inevitable.
Even with the most enthusiastic take on this, it doesn't tell you what's going to succeed. Making a credible investment thesis out of this is next to impossible.
-------------------- Knowledge is finite, ignorance is infinite.
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LeafRaker
nomad



Registered: 11/28/11
Posts: 718
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Re: "Main Stream Acceptance of Cryptocurrency, The Fix Is In" [Re: LeafRaker]
#27342521 - 06/10/21 05:38 AM (2 years, 7 months ago) |
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-------------------- Knowledge is finite, ignorance is infinite.
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