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re: Official CryptoTalk Thread

Posted on 6/12/17 at 2:42 pm to
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
67842 posts
Posted on 6/12/17 at 2:42 pm to
quote:

Your dad is vindicated


Needs to keep going
Posted by dkreller
Laffy
Member since Jan 2009
33610 posts
Posted on 6/12/17 at 2:44 pm to
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40498 posts
Posted on 6/12/17 at 2:45 pm to
quote:

There's almost zero chance these people will hold long enough. Majority getting in are trying to make a quick profit



You may be right, but I think we have a few long term holders here. I think most people who have done any decent amount of research into Ethereum understand that this has the potential to be huge over the next 5, 10, 15 years.

Posted by slackster
Houston
Member since Mar 2009
91429 posts
Posted on 6/12/17 at 2:46 pm to
quote:

That would be amazing, but don't think that's gonna happen unless we get some bad news.


To be fair, there hasn't exactly been good news to justify the insane run up either. This is all speculative in nature, so it doesn't take any news for things to turn south in a hurry.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40498 posts
Posted on 6/12/17 at 2:48 pm to
quote:


To be fair, there hasn't exactly been good news to justify the insane run up either. This is all speculative in nature, so it doesn't take any news for things to turn south in a hurry.


Oh yea it is very speculative for sure. But there has been some good rumors/news out there lately. Like the meeting with Putin, as well as additional anticipated corporate partners to join the EEA.

So yea there's nothing concrete to justify the run up over the last 24 hours, but the rise is not 100% baseless.
Posted by tigrbabe08
Member since Apr 2017
219 posts
Posted on 6/12/17 at 2:49 pm to
Posted by kc8876
Member since May 2012
3624 posts
Posted on 6/12/17 at 2:49 pm to
I wasn't talking about any of us, just the general crowd that are coming in right now because of the hysteria
Posted by slackster
Houston
Member since Mar 2009
91429 posts
Posted on 6/12/17 at 2:52 pm to
quote:

That's one thing that's weird I find about Polo/Crypto markets. The items that trade against other cryptos like ETH/BTC don't necessarily follow the inverse of their pair.


They're not going to. Crypto/crypto is largely going to move in the same direction vs. a traditional currency like the USD, particularly when the majority of movement is speculation.

It would be like pricing United Airlines to American Airlines. Different entities altogether, but influenced by the same factors for the most part.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26725 posts
Posted on 6/12/17 at 2:52 pm to
Coinbase is back up for me
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40498 posts
Posted on 6/12/17 at 2:54 pm to
quote:

They're not going to. Crypto/crypto is largely going to move in the same direction vs. a traditional currency like the USD, particularly when the majority of movement is speculation.

It would be like pricing United Airlines to American Airlines. Different entities altogether, but influenced by the same factors for the most part.



True. good point.
Posted by Funky Tide 8
Bayou Chico
Member since Feb 2009
56238 posts
Posted on 6/12/17 at 2:55 pm to
quote:

Coinbase is back up for me



Still down for me.
Posted by dkreller
Laffy
Member since Jan 2009
33610 posts
Posted on 6/12/17 at 2:57 pm to
The hamsters are dropping like flies.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
67842 posts
Posted on 6/12/17 at 2:57 pm to
Same
Posted by VinegarStrokes
Georgia
Member since Oct 2015
14068 posts
Posted on 6/12/17 at 2:58 pm to
quote:

so you'z wuz sayin...we went to the moon n sheet?


I'd say it's more like we made it out of the Earth's atmosphere and were cruising to the moon when the oxygen tanks exploded and we lost all control of the vessel. Now we are just trying to get a cube to fit into a round hole to stabilize this shite. Might need to head back to Earth for a bit to regroup before making another run at the moon.
Posted by slackster
Houston
Member since Mar 2009
91429 posts
Posted on 6/12/17 at 2:59 pm to
quote:

Oh yea it is very speculative for sure. But there has been some good rumors/news out there lately. Like the meeting with Putin, as well as additional anticipated corporate partners to join the EEA.

So yea there's nothing concrete to justify the run up over the last 24 hours, but the rise is not 100% baseless.


Ehh, I've had random clients asking about it, which is almost a sure sign it's in a bubble. The crazy run up this year plus the incredible press on places like CNBC can be a problem. People want to see it go up every day, and they've got their wish most of the time. Sticking around for any 25+% drops isn't very likely.

Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
468689 posts
Posted on 6/12/17 at 3:00 pm to
quote:

Now we are just trying to get a cube to fit into a round hole to stabilize this shite.

we need a jaded Russian cosmonaut to just start hitting shite with a wrench
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40498 posts
Posted on 6/12/17 at 3:02 pm to
Anyone else's Polo running realllllllly slow. It's been borderline unusable for me pretty much all day.
Posted by ithad2bme
Houston transplant from B.R.
Member since Sep 2008
3649 posts
Posted on 6/12/17 at 3:05 pm to
quote:

Anyone else's Polo running realllllllly slow. It's been borderline unusable for me pretty much all day


Yeah it was worse than gdax, i cashed out of my crypto's on polo and sent everything back to gdax
Posted by engvol
england
Member since Sep 2009
5317 posts
Posted on 6/12/17 at 3:08 pm to
Everyone can relax and happy as I've moved a bit of my ETH to btc


Guaranteeing ETH will be rocketing skyward shortly
This post was edited on 6/12/17 at 3:09 pm
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 6/12/17 at 3:09 pm to
quote:

we need a jaded Russian cosmonaut to just start hitting shite with a wrench




will this one work?
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