Guest TabbyBoy Posted November 14, 2018 Posted November 14, 2018 On 11/4/2018 at 6:49 PM, TabbyBoy said: The prices have risen today for the first time in 3 weeks. I just sold some ETH at €190 and will by back when it tanks back to €175. It's the biggest % swing today in a long time. Could the market actually be starting to move? However, I'm not banking on it this time. They've all really tanked today and are even lower than those on 04NOV. It's gotta be game over, right? The problem is that there's thousands more tokens around than there was this time last year and most of them are scams or utterly useless. No wonder everybody is bailing. Could it all be gone by 31DEC? Quote
crayxlp Posted November 14, 2018 Posted November 14, 2018 There was an article today in one of the local tech-zines. It looks like a crypto exchange in Germany acquired entire (smaller) standard bank - thus acquired also a solid, EU banking licence.. is this the first time EVEr that any crypto market venue bought for itself A BANk?? - robotic translation via Google below https://www.bitcoingroup.com/userfiles/downloads/cn2018/181112_Bitcoin_CN_Tremmel_DE.pdf Bitcoin.de, a German cryptographic stock exchange, bought a 100 percent stake in Tremmel, the Tremmel investment bank in Frankfurt. On Monday, Bitcoin Group SE announced the investors for the stock exchange. The exact amount of the acquisition was not disclosed but, according to the company, it was a lower seven-figure amount in euros. With this step, the company acquired its own banking license, enabling it to operate a network of its own cryptographic "ATMs" on the largest national European market, which was not legally possible without a bank license. Bitcoin.de Cryptographic Exchange is one of the largest and oldest European BitTorrent Stock Exchanges. It is quite unique in that it is regulated by German BaFin (the state financial regulator), which makes it one of the safest but also the least effective (the trade is settled only after the amount has been credited to the bank account of the counterparty, the exchange itself does not keep the money in the custody) stock exchanges in the world. However, the slow pace of closing trades and liquidity problems could finally unravel after the acquisition of the bank. 1 Quote
Guest TabbyBoy Posted November 15, 2018 Posted November 15, 2018 3 hours ago, crayxlp said: There was an article today in one of the local tech-zines. It looks like a crypto exchange in Germany acquired entire (smaller) standard bank - thus acquired also a solid, EU banking licence.. is this the first time EVEr that any crypto market venue bought for itself A BANk?? - robotic translation via Google below https://www.bitcoingroup.com/userfiles/downloads/cn2018/181112_Bitcoin_CN_Tremmel_DE.pdf Bitcoin.de, a German cryptographic stock exchange, bought a 100 percent stake in Tremmel, the Tremmel investment bank in Frankfurt. On Monday, Bitcoin Group SE announced the investors for the stock exchange. The exact amount of the acquisition was not disclosed but, according to the company, it was a lower seven-figure amount in euros. With this step, the company acquired its own banking license, enabling it to operate a network of its own cryptographic "ATMs" on the largest national European market, which was not legally possible without a bank license. Bitcoin.de Cryptographic Exchange is one of the largest and oldest European BitTorrent Stock Exchanges. It is quite unique in that it is regulated by German BaFin (the state financial regulator), which makes it one of the safest but also the least effective (the trade is settled only after the amount has been credited to the bank account of the counterparty, the exchange itself does not keep the money in the custody) stock exchanges in the world. However, the slow pace of closing trades and liquidity problems could finally unravel after the acquisition of the bank. It reminded me of that Polybius (PLBT) scam last year. Nice if this does take off, but I can’t help thinking it’s too little too late. Crypto confidence is now at an all time low and only miracles can save it now IMHO. I’ll likely be 100% out of it by year end. Quote
bigboy61 Posted November 15, 2018 Posted November 15, 2018 10 hours ago, TabbyBoy said: They've all really tanked today and are even lower than those on 04NOV. It's gotta be game over, right? The problem is that there's thousands more tokens around than there was this time last year and most of them are scams or utterly useless. No wonder everybody is bailing. Could it all be gone by 31DEC? Could it all be gone by Dec 31? No....just....no. It will be there. At some point it will go back up. Though there will have to be some serious consolidation and thinning in the market. A handful of coins will survive but most will die. Maybe 30 coins survive, probably less. Quote
lodibricks Posted November 15, 2018 Posted November 15, 2018 5 hours ago, TabbyBoy said: It reminded me of that Polybius (PLBT) scam last year. Nice if this does take off, but I can’t help thinking it’s too little too late. Crypto confidence is now at an all time low and only miracles can save it now IMHO. I’ll likely be 100% out of it by year end. I know you're pushing us all to sell our coins so you can scoop them up. You can't have my 6 Litecoin, man! That's my retirement right there. Quote
Guest TabbyBoy Posted November 15, 2018 Posted November 15, 2018 8 hours ago, bigboy61 said: Could it all be gone by Dec 31? No....just....no. It will be there. At some point it will go back up. Though there will have to be some serious consolidation and thinning in the market. A handful of coins will survive but most will die. Maybe 30 coins survive, probably less. 9 months ago, a lot of people were insisting that it was all going to go back up after a very rocky February. However, 9 months on, another 75% and then some has been wiped off, so what makes you think that it will go up again? To be honest, I think 5% of them will go down by at least another 75% next year and 94.99% will go down by 100% - only a handful will remain still at prices way lower than they are today. Oh... and these few will have an actual purpose and will NOT be a store of value or be an investible asset. Blockchain technology is here to stay and has a lot of great uses, being use to trade intangible assets ain't of of them I'm afraid. My 2p(2c) worth... In 2 years from now.... NO coins will survive, but the blockchains and protocols will remain. Banks and governments will fight this to the bitter end, there's no way that fiat will ever be replaced, not in our lifetimes. Crypto is worse than quantitative easing and we all know how bad that is. The future is precious and rare Earth metals, something that is limited, has value, has uses and will soon be in heavy demand. Quote
Legojona Posted November 15, 2018 Posted November 15, 2018 I just bought back 25% of the coins I sold at the peak for 25% of the price. I'm betting on the fact that this is the same dump that happened just before the boom last year: 1 Quote
Guest TabbyBoy Posted November 15, 2018 Posted November 15, 2018 19 minutes ago, Legojona said: I just bought back 25% of the coins I sold at the peak for 25% of the price. I'm betting on the fact that this is the same dump that happened just before the boom last year: Good luck! History may not repeat itself, so I'm holding off for absolute rock-bottom as the "atmosphere" is far more negative than it was last year. I've always got buy orders set for ETH at €10, BTC at €100, XLM at €0.01 and XRP at €0.01 on a few different exchanges. I'm hoping for another "GDAX Crash" and I'm set up for life without it costing me a whole lot. Apart from that, I have no current plans to buy back in as I've done very nicely during early 2018, thank you very much ? I may revisit once things improve, if they do. Quote
Val-E Posted November 15, 2018 Posted November 15, 2018 I guess I don´t need to bother updating the Lego vs Craptocurrencies spreadsheet for a while, right? Quote
Guest TabbyBoy Posted November 15, 2018 Posted November 15, 2018 5 minutes ago, Val-E said: I guess I don´t need to bother updating the Lego vs Craptocurrencies spreadsheet for a while, right? Not just yet as the fat lady will be ready to climb on stage in around 46 days from now. However, I will make a comparison just for the hell of it. If it's a repeat of last year, LEGO could still lose, but I very much doubt it. More likely the crypto will be well below €100 Quote
carini26 Posted November 15, 2018 Posted November 15, 2018 21 minutes ago, Val-E said: I guess I don´t need to bother updating the Lego vs Craptocurrencies spreadsheet for a while, right? This pretty much sums up 7700+ posts well: Back in late Jan - "My predicton: LEGO: €1700 will turn into €2,008.11 Crypto: €1700 will turn into €39,958.47" 1 3 Quote
KvHulk Posted November 15, 2018 Posted November 15, 2018 This is some pissing contest today. Bravo. Quote
crayxlp Posted November 19, 2018 Posted November 19, 2018 On 11/15/2018 at 12:23 PM, TabbyBoy said: 9 months ago, a lot of people were insisting that it was all going to go back up after a very rocky February. However, 9 months on, another 75% and then some has been wiped off, so what makes you think that it will go up again? To be honest, I think 5% of them will go down by at least another 75% next year and 94.99% will go down by 100% - only a handful will remain still at prices way lower than they are today. Oh... and these few will have an actual purpose and will NOT be a store of value or be an investible asset. Blockchain technology is here to stay and has a lot of great uses, being use to trade intangible assets ain't of of them I'm afraid. My 2p(2c) worth... In 2 years from now.... NO coins will survive, but the blockchains and protocols will remain. Banks and governments will fight this to the bitter end, there's no way that fiat will ever be replaced, not in our lifetimes. Crypto is worse than quantitative easing and we all know how bad that is. The future is precious and rare Earth metals, something that is limited, has value, has uses and will soon be in heavy demand. very well said, but as for this "My 2p(2c) worth... In 2 years from now.... NO coins will survive, but the blockchains and protocols will remain." -- I can simply see that if there are vritually no digital coins, there will be always some troll who would think "and now its mine turn - I wil make it work". 1 Quote
Guest TabbyBoy Posted November 19, 2018 Posted November 19, 2018 45 minutes ago, crayxlp said: very well said, but as for this "My 2p(2c) worth... In 2 years from now.... NO coins will survive, but the blockchains and protocols will remain." -- I can simply see that if there are vritually no digital coins, there will be always some troll who would think "and now its mine turn - I wil make it work". It'll be interesting to look back on this a year from now. I now hold absolutely no crypto at all currently as the current crash has a long way to go. Trading volumes show the immense bail out. I'm buying back ETH at €25 BTC at €250, XRP at 10¢, XLM at 5¢.... at some point in the near future as well as buy orders for a crazy flash crash. Have you lost much? I'm £25K down this year, but that was only a fraction of last Winter's profit, so I don't care as much as most who have lost their shirts... and more. Quote
lodibricks Posted November 19, 2018 Posted November 19, 2018 Luck would be it'll bounce back the day after deciding to cut losses and cash out. I haven't lost my Walmart clearance shirts yet, so I'll let it ride and see where it goes. 1 Quote
lodibricks Posted November 19, 2018 Posted November 19, 2018 On 11/15/2018 at 7:00 AM, carini26 said: This pretty much sums up 7700+ posts well: Back in late Jan - "My predicton: LEGO: €1700 will turn into €2,008.11 Crypto: €1700 will turn into €39,958.47" I so want to know the source of this. I can't stop watching it. It looks like a prank show, but that seems pretty elaborate. 1 1 Quote
conceptmachine Posted November 19, 2018 Posted November 19, 2018 I'm currently down 15k. I'm going to let it ride. if I live to a ripe old age, I'll be able to write off all my losses over time. I'll let her sink. 1 Quote
asharerin Posted November 20, 2018 Posted November 20, 2018 I love blood in the streets as it means I get to make another bundle while the masses are panicking. Scooping BTC at $1500 - $1800 and AMZN at $1300 - $1400. Happy trades. Quote
crayxlp Posted November 20, 2018 Posted November 20, 2018 (edited) 3 hours ago, TabbyBoy said: It'll be interesting to look back on this a year from now. I now hold absolutely no crypto at all currently as the current crash has a long way to go. Trading volumes show the immense bail out. I'm buying back ETH at €25 BTC at €250, XRP at 10¢, XLM at 5¢.... at some point in the near future as well as buy orders for a crazy flash crash. Have you lost much? I'm £25K down this year, but that was only a fraction of last Winter's profit, so I don't care as much as most who have lost their shirts... and more. no, I havent lost anything yet.. I have 6 digits stake at BABB, some TRON.. DENT.. just some kind of "change" that you are willing to loose in a casino and such. Edited November 20, 2018 by crayxlp Quote
Guest TabbyBoy Posted November 20, 2018 Posted November 20, 2018 6 hours ago, crayxlp said: no, I havent lost anything yet.. I have 6 digits stake at BABB, some TRON.. DENT.. just some kind of "change" that you are willing to loose in a casino and such. Same here, I've taken profits and it's now just "Monopoly" money to me. There's been another huge tanking across the board this morning. I'm just waiting for the big "panic-sell" to set in when it really free-falls to buy back close to prices I mentioned earlier. It's now officially worse than the dot-com bubble, so there may be some bargains to be had if your finger is on the pulse. If you can handle values going to zero, it's worth a punt. TIP... set some very low buy orders on as many exchanges as you can to buy say, BTC and ETH at €1. A flash crash could happen again and any exchange can buckle under pressure and allow orders through before their safeguards kick in. A lot made a killing on GDAX when ETH fell to €0.10. Quote
crayxlp Posted November 20, 2018 Posted November 20, 2018 1 hour ago, TabbyBoy said: Same here, I've taken profits and it's now just "Monopoly" money to me. There's been another huge tanking across the board this morning. I'm just waiting for the big "panic-sell" to set in when it really free-falls to buy back close to prices I mentioned earlier. It's now officially worse than the dot-com bubble, so there may be some bargains to be had if your finger is on the pulse. If you can handle values going to zero, it's worth a punt. TIP... set some very low buy orders on as many exchanges as you can to buy say, BTC and ETH at €1. A flash crash could happen again and any exchange can buckle under pressure and allow orders through before their safeguards kick in. A lot made a killing on GDAX when ETH fell to €0.10. interesting.. thanks for the tip. Quote
Val-E Posted November 20, 2018 Posted November 20, 2018 12 hours ago, crayxlp said: interesting.. thanks for the tip. 4200USD now. My tip is run don´t walk. Quote
brickolodon Posted November 20, 2018 Posted November 20, 2018 So 3k next week?) Sent from my iPhone using Brickpicker Forum mobile app Quote
Val-E Posted November 20, 2018 Posted November 20, 2018 11 minutes ago, brickolodon said: So 3k net week?) Sent from my iPhone using Brickpicker Forum mobile app I am going for parity with Gingerbread House. Quote
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