Bitcoin discussion and news

Discussion in 'world politics, current affairs and news' started by camouflage, Dec 25, 2010.

  1. Yossarian

    Yossarian free shrugs

    Monero started out at $13 or so a year ago, hit $500 around Christmas and is now at around $150 - it seems like all the alt-coins are getting pulverised, people who thought diversifying into a bunch of different coins would protect them from a bitcoin crash are taking quite a hit.
     
  2. sim667

    sim667 Licking windows on the 303 bus.

    I'm still going to buy some more, it has been a pretty meteoric downturn, but if you think its going to inflate again its a buyers market.
     
  3. The Fornicator

    The Fornicator Well-Known Member

  4. gosub

    gosub ~#

    mauvais likes this.
  5. littlebabyjesus

    littlebabyjesus one of Maxwell's demons

    Last edited: Feb 6, 2018
  6. sim667

    sim667 Licking windows on the 303 bus.

    I've been watching the value with interest today, looks like there may be a bit of a turn upward going on.
     
  7. mauvais

    mauvais change has become unavoidable

    I'm bored of saying it but this sort of thing is going to lose you money. There is no news, nor fundamentals, it's pure confidence. If you were just straight gambling then so be it, but you've just said you're operating off an idea. AFAIK you have no means of predicting confidence so why are you trying to predict a trend to buy off?
     
  8. sim667

    sim667 Licking windows on the 303 bus.

    Stop saying it then.

    At the end of the day, I'm an adult, and perfectly entitled to make decisions about my own money.
     
    mwgdrwg and gosub like this.
  9. mauvais

    mauvais change has become unavoidable

    Meh - your own lookout then.

    Edit: given that it's gone from £12k a month ago to a £4300 month low today, buying in at £5200 on chance seems particularly halfwitted, by any trading rationale.
     
    Last edited: Feb 6, 2018
    gosub likes this.
  10. mauvais

    mauvais change has become unavoidable

    In other news, I see 'E-Coin' (who?) has gone up a sensible 2,152% today. Where's the regulator or prosecutor?
     
  11. cybershot

    cybershot Well-Known Member

    Evil Corp? (Mr. robot reference)
     
  12. electroplated

    electroplated off minehead

    Where did you see that - I want to invest my life savings!!! :D I am just getting results saying it's fake and been shut down?
     
  13. mauvais

    mauvais change has become unavoidable

    Someone at work mentioned it. Visible on any of the crypto coin sites, e.g. Cryptocurrency Market Capitalizations | CoinMarketCap

    My understanding is these things are now the subjects of pump-and-dumps, like you used to get (and possibly still do) with spam email driven OTC pharmacy penny stocks or whatever.

    4,880% now.
     
  14. electroplated

    electroplated off minehead

    Gah! Missed the boat again... :p
     
  15. mauvais

    mauvais change has become unavoidable

    Heh. It's been all over the place since I wrote those. I imagine, but don't know, that even if you buy in at a relative low, you will have a lot of difficulty actually selling up and getting the money back out again.
     
  16. electroplated

    electroplated off minehead

    Yeah I'm sure.. I'm dubious enough about managing to get money in and out of bitcoin exchanges whilst the price is all over the place having been in that position during it's original rise to around $1000 a while back, I can only imagine what it's like with some of the other cryptocurrencies
     
  17. Yossarian

    Yossarian free shrugs

    shutup.JPG
     
  18. 1927

    1927 Funnier than he thinks he is.

    cupid_stunt, gosub and mauvais like this.
  19. gosub

    gosub ~#

    1,500+ of them:eek:
     
  20. joustmaster

    joustmaster offcumdun

    I might setup u75coin

    we could use it to supplement likes and the server fund... :D
     
  21. mauvais

    mauvais change has become unavoidable

    And E-Coin is worthless again. $3.04, was $290 at its peak today. Kind of like a super-fast narrative for crypto. Buyer beware!
     
    cupid_stunt likes this.
  22. The Fornicator

    The Fornicator Well-Known Member

    Why are you talking about this nonsense. It's a nothing thing - a nonsense coin on a nonsense exchange. All you need to do is look at ownership: e-Coin Explorer
     
  23. littlebabyjesus

    littlebabyjesus one of Maxwell's demons

    You posted that without a hint of irony, didn't you?
     
    mauvais and cupid_stunt like this.
  24. littlebabyjesus

    littlebabyjesus one of Maxwell's demons

    Striking how similar the graphs for the last seven days are for all the biggest cryptocons, aside from Tether, which is pegged to the dollar. They go up and down together almost precisely in unison. It's an uncannily precise match.
     
  25. sim667

    sim667 Licking windows on the 303 bus.

    A lot of people had been worried about the US SEC meeting due to happen yesterday, with the expectation they'd ask for more legislation of cryptocurrency.

    Surprisingly they didn't ask for any, and instead stated they didn't want to do anything that would hinder crypto development.
     
  26. NoXion

    NoXion Eat leaden death, demon...

    Am I reading this right? Are 99.59 of all e-Coins owned by just three people?

    Currency my bony arse!
     
  27. littlebabyjesus

    littlebabyjesus one of Maxwell's demons

    An extreme example of the nonsense, of course. But it's a question of degree really - back in September, 96.5% of bitcoin were owned by 4% of addresses.
     
  28. kabbes

    kabbes "A top 400 poster"

    Mind you, what percent of $ are owned by 4% of the population, I wonder?
     
  29. The Fornicator

    The Fornicator Well-Known Member

    It's almost like the influence of wall street algorithms hasn't been explained at least twice.


    For chart fans - and goodness knows there's some here - here's another certain chart *bubble* http://static2.uk.businessinsider.com/image/5919eac6dd0895722d8b4a21-1201/5-15-17-amazon-cotd.png
     
  30. bimble

    bimble noisy but small

    :facepalm:
    Can you think of any differences between bitcoin and amazon?
     
    cupid_stunt likes this.

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