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re: Official CryptoTalk Thread
Posted on 5/30/17 at 9:44 pm to barry
Posted on 5/30/17 at 9:44 pm to barry
appreciate the reply, but i dont think youd believe it was such a giant gamble if you truly understood the tech behind it
to me, this is like investing in the internet before the internet was created
and that is why there is so much volatility, we dont know the value of this platform, and we likely never will anytime in the near future
to me, this is like investing in the internet before the internet was created
and that is why there is so much volatility, we dont know the value of this platform, and we likely never will anytime in the near future
This post was edited on 5/30/17 at 9:46 pm
3
Posted on 5/30/17 at 9:48 pm to rocket31
Polo @ $217 currently and GDAX @ $229
If withdrawal times were instant or at least very fast it seems money could be made. I may try it once I buy in.
If withdrawal times were instant or at least very fast it seems money could be made. I may try it once I buy in.
Posted on 5/30/17 at 9:50 pm to texag7
usd and usdt aren't the same
Posted on 5/30/17 at 9:50 pm to texag7
polo trades in usdt and gdax trades in usd so its not as big of a spread as one would think on the surface
there are opportunities for arbitrage, but usually, thats when its in a 20-30 range difference
there are opportunities for arbitrage, but usually, thats when its in a 20-30 range difference
This post was edited on 5/30/17 at 9:51 pm
Posted on 5/30/17 at 9:51 pm to rocket31
Dang it lol :(
Posted on 5/30/17 at 9:52 pm to rocket31
Is gdax constantly reloading for anyone else? Just started doing this 10 mins ago
Posted on 5/30/17 at 9:52 pm to rocket31
I'm no expert, but the way I view the current value of block-chain "currencies" like bitcoin and ethereum is the following:
5% - practical use
10% - black market use
50% - short term investors
35% - long term investors
Ideally the percentage of their value supported by practical use will go up with time otherwise their value will eventually collapse.
5% - practical use
10% - black market use
50% - short term investors
35% - long term investors
Ideally the percentage of their value supported by practical use will go up with time otherwise their value will eventually collapse.
Posted on 5/30/17 at 9:52 pm to rocket31
I think I might set a stop limit tonight in case it tanks in my sleep. What say y'all?
$175
$180
Are we thinking it could go lower?
$175
$180
Are we thinking it could go lower?
Posted on 5/30/17 at 9:56 pm to rocket31
quote:
but i dont think youd believe it was such a giant gamble if you truly understood the tech behind it
So give me an analytical reason why ETC should be valued where it is. You know, since you "understand" the tech.
Posted on 5/30/17 at 10:01 pm to TheWiz
quote:
I think I might set a stop limit tonight in case it tanks in my sleep. What say y'all?
$175
$180
Are we thinking it could go lower?
It went from the 200's to the 120's four days ago. I'd say it could go lower
Posted on 5/30/17 at 10:01 pm to barry
I don't think anyone here is invested in ETC 
But really, do you watch silicon valley on HBO?
But really, do you watch silicon valley on HBO?
This post was edited on 5/30/17 at 10:02 pm
Posted on 5/30/17 at 10:01 pm to rocket31
quote:
itd be easier if you just read this, the history is at the top, ETH and its future is at the bottom
Translation: you can't do it.
Posted on 5/30/17 at 10:03 pm to LSU2a
quote:
10% - black market use
Is this like the boogey man now?
Posted on 5/30/17 at 10:04 pm to barry
i dont feel like typing 4 or 5 paragraphs to do it
the article is what made me a believer
the article is what made me a believer
Posted on 5/30/17 at 10:05 pm to kc8876
Good call. I'm wrecked from not sleeping well lately. Took a bunch of Benadryl earlier. Set one for $140/$145. We'll see what happens. Happy China watching, y'all!
Posted on 5/30/17 at 10:06 pm to rocket31
quote:
i dont feel like typing 4 or 5 paragraphs to do it
You aren't because you can't. Look you can have a gut feeling or a solid reason to believe in why ETH or some other crypto currency has a market cap of 10,20,30 billion dollars, but you can't tell me why that is fundamentally a reasonable value. Why any one of the hundreds of other cryptocurrencies won't step in to take its place.
Posted on 5/30/17 at 10:07 pm to TheWiz
my bearish stance on china is that these bastards have been mining the crap out of this and are just going to unload once the market opens causing a massive selloff
Posted on 5/30/17 at 10:09 pm to rocket31
quote:
my bearish stance on china is that these bastards have been mining the crap out of this and are just going to unload once the market opens causing a massive selloff
That's what I'm hoping
Posted on 5/30/17 at 10:10 pm to barry
quote:
Why any one of the hundreds of other cryptocurrencies won't step in to take its place.
herp derp
ETH is the backbone of the alt cryptos, it can not be replced
like i said, you dont even know what youre arguing against
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