Girl Gone Crypto - Cryntro - page 3.

Lauda

legendary

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Terminated.

Quote from: mining1 on May 01, 2017, 07:10:52 AM

The same can be said about bitcoin.

This is an outright lie. A single news article briefly goes over (non technological) news: http://www.cnbc.com/2017/04/12/bitcoin-price-rises-japan-russia-regulation.html

Quote from: mining1 on May 01, 2017, 07:10:52 AM

Except ethereum is used on a big scale by corporations, institutions, and random users with dapps/ contracts.

1) I've already said that it's used by banks and corporations. Centralized coins is what they need.
2) Dapps have been proven to have no real use-cases so far. They are also a scam because "code is not law". They are centralized with Vitalik being the high-king.
3) Due to the second, almost no rational person would use ETH in their day-to-day trading. If they wanted a short-term faster means of transfer than Bitcoin, then LTC or DASH (even though this is a MLM scam) are their answers.

Quote from: mining1 on May 01, 2017, 07:10:52 AM

Lauda is scared because he got late into the btc game and it's future is uncertain.

1) Ad hominem because I destroyed each one of your failed arguments.
2) You have no idea when I got here, and it is most certainly before you even heard the word 'cryptocurrency'.
3) The only uncertainty is how much people are being paid to shill centralized trash like ETH.

Quote from: mining1 on May 01, 2017, 07:10:52 AM

If altcoin would suddenly dissapear, then bitcoin would be the only choice so even if it's unusable people would still use it.

BTC as a store of wealth, LTC as a means of faster payment, and XMR for anonymity. The rest are useless so far.

mining1

hero member

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Quote from: Lauda on May 01, 2017, 05:37:09 AM

Quote from: ImHash on May 01, 2017, 05:31:28 AM

What could ETH do when price was under $7 and what it can do now that price is 10 folds?

Nothing.

The same can be said about bitcoin. Except ethereum is used on a big scale by corporations, institutions, and random users with dapps/ contracts.

Lauda is scared because he got late into the btc game and it's future is uncertain. If altcoin would suddenly dissapear, then bitcoin would be the only choice so even if it's unusable people would still use it.

paul gatt

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Quote from: Lauda on May 01, 2017, 05:37:09 AM

Quote from: anonymoustroll420 on May 01, 2017, 05:33:16 AM

Quote from: ImHash on May 01, 2017, 05:31:28 AM

You shouldn't call them out like that, essentially people with enough money in pockets when start buying any coin off the market as a natural consequence price will pump.

Thats called a speculative bubble Wink

Of course I should call them out. People who are investing in [X] or promoting [X] solely or primarily because it has made them money are greedy idiots. They don't care about any fundamentals that crypto was built upon.

I think I understand what you say. And that is really what is happening in my country. They call all the things that involve virtual money is MMO. And there, the stupid guys lead it all. They do not know crypto, they only know it is virtual currency, and they can make money from it and ignore all rules. When I was a newbie, I was hearing them introduce a lot about HYIP sites. Stupid people, they choose to invest in HYIP to get lost instead of learning the crypto information for trade. I feel lucky that I am no longer one of them.

Lauda

legendary

Activity: 2674

Merit: 2970

Terminated.

Quote from: anonymoustroll420 on May 01, 2017, 05:33:16 AM

Quote from: ImHash on May 01, 2017, 05:31:28 AM

You shouldn't call them out like that, essentially people with enough money in pockets when start buying any coin off the market as a natural consequence price will pump.

Thats called a speculative bubble Wink

Of course I should call them out. People who are investing in [X] or promoting [X] solely or primarily because it has made them money are greedy idiots. They don't care about any fundamentals that crypto was built upon.

Quote from: ImHash on May 01, 2017, 05:31:28 AM

Do I know this is a bubble formed by firstly whales and secondly the community (community with buy power starting from $10 up to $10,000 and above that considers whales which in turn they have their sizes) and there is actually no use cases for such an altcoin in the real world?

The market capitulation of altcoin is in a crazy bubble.

Quote from: ImHash on May 01, 2017, 05:31:28 AM

What could ETH do when price was under $7 and what it can do now that price is 10 folds?

Nothing.

Quote from: anonymoustroll420 on May 01, 2017, 05:33:16 AM

what will happen when people start trying to take their profits out?

Imagine the panic triggered if the SEC suddenly were to approve the appeal (the reason for rejection is nonsensical is anyways). Altcoins would plummet into an abyss as people run to save their wealth.

anonymoustroll420

full member

Activity: 196

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Quote from: ImHash on May 01, 2017, 05:31:28 AM

You shouldn't call them out like that, essentially people with enough money in pockets when start buying any coin off the market as a natural consequence price will pump.

Thats called a speculative bubble Wink

what will happen when people start trying to take their profits out?

ImHash

hero member

Activity: 924

Merit: 506

You shouldn't call them out like that, essentially people with enough money in pockets when start buying any coin off the market as a natural consequence price will pump.
Moreover one needs to ask some constructive questions from oneself,

Do I know this is a bubble formed by firstly whales and secondly the community (community with buy power starting from $10 up to $10,000 and above that considers whales which in turn they have their sizes) and there is actually no use cases for such an altcoin in the real world?

Am I willing to participate in such ponzi/ pyramid shape market while everyone knows what happens in the end?

What could ETH do when price was under $7 and what it can do now that price is 10 folds?

Lauda

legendary

Activity: 2674

Merit: 2970

Terminated.

This video came across my attention and seems to be decent enough for sharing: https://www.youtube.com/watch?v=fUVTb8-i93s

This video both mentions Bitcoin & alts, more specifically the current nonsensical altcoin bubble that we are in. If you're around here, show yourself. There are lessons to be learned and Reddit is most certainly one of the worst ways of learning from.

Quote

"It went from 12 to 60 dollars. That's why I love it, that's why I believe in it, that's why I tell all my friends about it. If you want to make money invest in Ethereum"

A classic example of what one hears about [insertAnyAltcoin]. In the case of ETH, this is the only reason for touching it (remember when it was about the DAO & dapps, now it's provably fair gambling, et. al.?). Most of the alts are both trying to create problems and offer solutions for them.

Topic: Girl Gone Crypto - Cryntro - page 3. (Read 2387 times)