Crypto currencies

[snowball]

Cryptocurrency so far has been purely speculation based and don't see much on any fundamentals driving price change.

For mining, GPUs are being used for a while now due to their ability to do vector processing and that explains why nVidia stock jumped 2.5x(or even more) if you look at YoY stock price.

 

[barbaar]

A friend told me, that when our phones are hot (Android and Iphone), it's bc people are mining coin.
Obviously, that can't always be true... maybe it is now?

Also inability to send pictures from a camera-phone --- on gmail... from file and thru attachments,
can that be redirecting a phone's resources toward mining?

A phone could be running hot for a variety of reasons. Anything that would slam the CPU/GPU full blast for some time could do it, or maybe the battery is starting to degrade which causes it's internal resistance to go up. Which means more heat whenever it's charged or power is drawn. Or a combination of those things.

One of my old phones got so hot when running Google maps that the battery started to swell lol. It doesn't have to be mining, it can really be anything. If you're worried you can always do a factory reset, that should wipe any mining malware unless it's really really advanced.

 

[MNK99]

Sure that's why I doubted this person's claim.
Of course the resources are in use all the time, for any number of reasons.

 

[Area-1255]

One rule to follow which has given me some success : "Always think ahead, and adapt to thinking on your feet"...if you think ahead its great! But it doesn't leave much room for the 'unexpected' - as thinking ahead typically is thinking of "probable" paths but not curveballs being thrown at you! So always adapt to thinking/strategizing on your feet!

 

[MNK99]

Has anyone here had difficulty with an exchange not making good on their transactions, i.e. selling a crpytocurrency and not getting their dollars back?
I have heard some very sketchy occurances regarding Canadians and Americans.

I may have to stick to Stocks and learn some other stuff Financial Instrument class.
Technical Analysis (T.A.), I know someone who can teach me... but they don't deal with crypto. T.A. applies to every instrument class though. They will ask around for me though.

I could get in something soon enough but I'm unsure. I may have to get US accounts anyways, it's better for everything.
I know some (stocks mostly) and I have access to someone that knows a lot more about trading certain asset classes, so I can learn and apply it to others...
I'll be in it for the long haul.

 

[MNK99]

Also has anyone day traded (crypto) and received their proper profit (or loss) amount back?
Has anyone here not received it?

-It will take time for me to get in, and I'm not sure who's actually safe for Canadian account holders.
-I have a few more exchanges to check out.
-I've been told many sketchy details from forex, other traders/investors, regarding exchanges closing on them, and not being able to get minimal to high numerical dollar amounts back. Most people I know are into other assets (forex, stocks, etc).
-I'm sure I could eventually win more than lose - but that's kind of moot, if an exchange closes and or does not allow me to sell back to my currency.
-I'll stay away from the obviously sketchy exchanges and platforms... but even the "legit ones" are kind of sketchy, some very sketchy, it seems.
-I may have to stick to more commonplace assets for a while.

Edit:
-11.26pm: I'm figuring it out, different sources. Etc.
-12.52am: I pretty much know what works/should in this country. I'll discuss w/ ally.

 

[Area-1255]

Has anyone here had difficulty with an exchange not making good on their transactions, i.e. selling a crpytocurrency and not getting their dollars back?
I have heard some very sketchy occurances regarding Canadians and Americans.

I may have to stick to Stocks and learn some other stuff Financial Instrument class.
Technical analysis, I know someone who can teach me... but they don't deal with crypto. They will ask around for me though.
I could get in something soon enough but I'm unsure. I may have to get US accounts anyways, it's better for everything.
There's a lot I know and I have access to someone that knows a lot more about trading certain asset classes, so I can learn and apply it to others...
I'll be in it for the long haul.

If you mean BTC for Bank dollar, yes, its a tricky marketplace...I only exchange with a few select 'inner-circle' dealers.

 

[Area-1255]

Bumping this post. Start shitposting @MNK99

 

[MNK99]

Wow. Why's everyone so mean lately? @Area-1255 .
Haha.

No! Silence is Golden.

 

[Area-1255]

Wow. Why's everyone so mean lately? @Area-1255 .
Haha.

No! Silence is Golden.

WYM Bro? Am not Mean. Just an asshole! Lol JK.

 

[Helen]

Gamblers thread. LOL

 

[MNK99]

LIfe's a gamble, I don't consider it gambling but speculation. Most other guys, yes they're gambling.
Can turn horrible very quickly, but will have ways to produce coins and or hits and or wealth and or returns in multiple areas and domains.

Tiger is the apex predator.

 

[vicecaz]

@gbolduev
Are you into cryptocurrency ? Heard you were vaguely into finance
Since the bubble popped the last months and recently had an uptrend the last two weeks, I wonder what kind of position members of this forum involved in crypto are taking right now
I personally trade on Bitmex, rarely with leverage and hold two alts , both still underestimated I believe

 

[MNK99]

Just wait till I tokenize myself and later exit-scam.

(Just kidding...)
(You know what? Fuck these mofoz, I'm not kidding).

 

[MNK99]

Also yes the bar is super low for IPO's.
Most these people are not smart.
Of 1800 coins maybe 25 max interest me. Maybe 6-10 a yr.

At more funds maybe more.
Better TA, more.

And generating cc in other ways.
Later forex more. And safer things.

 

[MNK99]

If you're super ADHD probably better to trade as little as possible and ignore 100% of signals and bs out there. Maybe 99%.
Buy the dips and ideally real products. Buy before ornduring slight pump, sell before dumped. And look for decentralized exchs, yada yada yada. And if anyone asks, say you're a newly arrived immigrant starting college, and that you don't speak English.

 

[MNK99]

-Ignore "calls".
-Do your research.
-Trust no one.
-Fund and defund.
-Get out.
-Leave.
-Treat them all like trashcoins.
-Tell no one.
_Believe nothing.
-Understand "cartel power", and monopolistic power.
-Realize 93-96% of BTC is in the top 1000 wallets/14mn people. Realize half these wallets are the same people probably.
-Don't be too greedy, nor too fearful.
-Great CEO's not great traders. Great trade advice from idiots that made 500k to 20million last year, do not count. Most will lose it. Bc they have zero idea.
-Lastly, treat it like dealing, and you may go far. STAY IN YOUR OWN ZONE, you will not outearn cartels, and you don't need to - to enjoy life. Watch for FEDERALIS.
-Monetize yourself.
-They're all shitcoins and replacable.
-Stay Silent. Save Everything. Shave everything.
-Anyone that says "we're changing the world." -- *20x*, "cup and handle" everyday, is likely a clown.

-Recessions or crashes are caused by manipulation. Dropping 90,000 btc into exchanges and making people fearfully cause their own devalued accounts, just like "bank runs". --> Then tripling their worth for pennies on the dollar (not really pennies, but still).
-There's manipulation in every market though: Dating, Stocks, Forex, Job market, Education, "Friendship", etc.

I dislike all those little fucking kids: "Lambo this, lambo that!", ROLEX THIS and that. "WHEN MOON, when LAMBO?" Fuck those kids. They're soft and hodling .1-3 BTC like it means something.

Family, friends, enemies, and whoever else. Even snakes have kids. Think about that.
NO one is in the business of making you money. Welcome to the real world.

-Ignore the noise, you don't need to be in 20 groups and forums. It's a lot of noise, and clearly meaningless when BTC is swinging down or up a ton.
-ALTS can follow cycles, BTC is pretty hard to predict, but there are some guys that are pretty good at that.
-ANYONE that tells you to just HOLD forever, is incorrect. This isn't Jan 2017.

-You'll need several plus exchanges, probably a VPN. If you've never traded before and cannot fund much OR are prone to taking too much risk, be careful! and only use like 2-3 exchanges. 4+ may be necessary later. -It isn't a get rich quick scheme (many cryptos and exch's may be for the owners; but in general, if something sounds too good to be true, it is.).

-There's other things that I can say that are directly helpful, but I shan't.

 

[MNK99]

Also watch out for phishing and hacking.
If someone does steal something, make an example of them, and show others. Just like if someone robs you. It is the way of the Tiger.

Also, the fatter and geekier the holding populace is, the better the coin. **NO OFFENSE, I was overweight and nerdy as a child, then I lost my mind a little. But these guys have me beat on ROI and also fattiness/geekiness**.

I tend to only buy coins that sound like old rap groups and gangs, DGPT, and DGB (DPGC). I'm kidding, this is terrible advice. Real advice was above.
It's a terrible market, and it's probably been bearish since before I got here. There are ways to make money, knowing the right people and right type of TA helps. BUT*, so does, not doing anything at times. AND losing money is super easy when BTC moves up and down. People that said it'll go higher and higher forever, are either lying, out of their minds, or ... not wise. Can it go higher again? For sure... but, if you already have knowledge of other mkts, put that to use. Perhaps. Or wait it out. Sideways and bearish is bad. Do not trust most those popular groups. Groups that admit their faults and also admit when they lose sometimes, are more legit. Don't use paid groups unless you're loaded.... even then.

 

[MNK99]

Short everything to zero.

Keep everything in monero.

 

[Aleksandr]

Oh man family friend told me about bitcoin in 2014. I put $4k (24 bitcoins at the time) in then used all those bitcoins to buy the coin they hyped up, quark coin... now the quark is worth $300. The 24 bitcoins would have been worth $400,000 a few months ago... :'( if only. I should have split my investment...