General Cryptocurrency thread
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Mister_s




Posts: 19863

PostPosted: Fri, 1st Feb 2019 17:35    Post subject:
I put in 50 euros 10 years back, it doubled day after day, now I have billions.
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Theescapist




Posts: 4108
Location: Manchester U.K
PostPosted: Fri, 1st Feb 2019 18:08    Post subject:
couleur wrote:
Why should the money double the day after?

I mean, if you dont understand what you are doing, shouldnt you just dont spend any money on it?

I have a limiti will goto and once i hit that limit because i ain't earning nothing i will stop using the programme fullstop.


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Mister_s




Posts: 19863

PostPosted: Fri, 1st Feb 2019 18:33    Post subject:
You're too late to the party and never invest money you can't miss. If you want high gains be prepared to take high risks.
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Morphineus
VIP Member



Posts: 24883
Location: Sweden
PostPosted: Fri, 1st Feb 2019 19:31    Post subject:
Theescapist wrote:
couleur wrote:
Why should the money double the day after?

I mean, if you dont understand what you are doing, shouldnt you just dont spend any money on it?

I have a limiti will goto and once i hit that limit because i ain't earning nothing i will stop using the programme fullstop.


Just don't. It is never smart to invest in things you don't even feel like researching first. You might as well put the money on fire.


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Il_Padrino




Posts: 7580
Location: Greece by the North Sea
PostPosted: Sat, 2nd Feb 2019 10:16    Post subject:
Indeed, you really sound clueless, no offense Very Happy perhaps a perfect target for cryptocoins, but just don't. We all missed the boat, don't worry Sad Razz


There must have been a door there in the wall, when I came in.
Truly gone fishing.
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tonizito
VIP Member



Posts: 51443
Location: Portugal, the shithole of Europe.
PostPosted: Mon, 4th Feb 2019 09:00    Post subject:
Go for it dude, what could go wrong?
https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454

Laughing


boundle (thoughts on cracking AITD) wrote:
i guess thouth if without a legit key the installation was rolling back we are all fucking then
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nouseforaname
Über-VIP Member



Posts: 21306
Location: Toronto, Canada
PostPosted: Thu, 7th Feb 2019 02:27    Post subject:
tonizito wrote:
Go for it dude, what could go wrong?
https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454

Laughing


At least we (Canada) are in the news!


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farne




Posts: 3736

PostPosted: Fri, 15th Feb 2019 14:15    Post subject:
"JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business"

https://www.cnbc.com/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html

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Frant
King's Bounty



Posts: 24655
Location: Your Mom
PostPosted: Fri, 15th Feb 2019 14:31    Post subject:
Quote:
Each JPM Coin is redeemable for a single U.S. dollar, so its value shouldn't fluctuate, similar in concept to so-called stablecoins. Clients will be issued the coins after depositing dollars at the bank; after using the tokens for a payment or security purchase on the blockchain, the bank destroys the coins and gives clients back a commensurate number of dollars.


Yeah, right (to the bolded part)!


Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn!

"The sky was the color of a TV tuned to a dead station" - Neuromancer
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Immunity




Posts: 5628

PostPosted: Sat, 2nd Mar 2019 15:45    Post subject:
Sorry to go off topic here - but what the flying fuck is that freak in the picture?! It's like something out of John Carpenter's Escape from L.A. Shocked Laughing


I can never be free, because the shackles I wear can't be touched or be seen.
i9-9900k, MSI MPG-Z390 Gaming Pro Carbon, 32GB DDR4 @ 3000, eVGA GTX 1080 DT, Samsung 970 EVO Plus nVME 1TB
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TheZor
VIP Member



Posts: 5991

PostPosted: Sat, 2nd Mar 2019 16:06    Post subject:
I have no clue either, but in case you're curious this is either Igor or Grichka Bogdanoff, con "scientists" with no actual academic baggage that managed to become somewhat famous on TV.
They claim to not have done any kind of plastic surgery or used any growth hormones, which could explain their appearance ( Laughing Laughing ):


You'll be the judge of that Very Happy


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paxsali
Banned



Posts: 18352

PostPosted: Sat, 2nd Mar 2019 21:32    Post subject:
⁢⁢


Last edited by paxsali on Thu, 4th Jul 2024 23:24; edited 2 times in total
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PickupArtist




Posts: 9933

PostPosted: Thu, 17th Dec 2020 17:12    Post subject:
few days ago i checked and it was spiked again at 19k usd, now its 24k,

holy fuck, who are these retards that keep buying it at these prices, i saw increase in spam scams about it but damn ...
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DXWarlock
VIP Member



Posts: 11434
Location: Florida, USA
PostPosted: Thu, 17th Dec 2020 19:24    Post subject:
PickupArtist wrote:

holy fuck, who are these retards that keep buying it at these prices

I do, well not at those prices but I truly appreciate those that do. I SELL at those prices to get a few percent every time FOMO makes people rush in, then it settles back down in price after.
I myself don't think bitcoin will ever become a major global standard in adoption, or at least anytime in the usable practical future. BUT I know I can make money off doing short/longs from all these people that do think that Smile

I've be playing in it since early 2017, that spike and crash of 2017 made me some selling at the top and buying back at the bottom. And been making a few percent here and there when 'big' bitcoin news comes out making it spike, then correct once the hype is over.

I can't say I could live off the profits I'm making. But I put in $200 back in early 2017 and up to $1660 now just buying/dumping every time a 'too the moon!' frantic rush starts Laughing


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.


Last edited by DXWarlock on Thu, 17th Dec 2020 22:35; edited 1 time in total
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AmpegV4




Posts: 6248

PostPosted: Thu, 17th Dec 2020 22:09    Post subject:
lol wut bitcoin is a ponzi scheme

Watch this space as it heads toward 6 figure prices.
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DXWarlock
VIP Member



Posts: 11434
Location: Florida, USA
PostPosted: Thu, 17th Dec 2020 22:29    Post subject:
I'm just sad we won't get to see this Jan 1st, as John backed out of his deal: Crying or Very sad





-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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PickupArtist




Posts: 9933

PostPosted: Tue, 5th Jan 2021 21:23    Post subject:
and -20% because of all the pumpers now dumping ... fuck this trash , u cant even buy anything with it
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DXWarlock
VIP Member



Posts: 11434
Location: Florida, USA
PostPosted: Tue, 5th Jan 2021 22:17    Post subject:
@PickupArtist No, but you can cash out and buy stuff with what you earn off people that keep buying it.
I don't make a lot from it, but my earnings from playing the spikes and dips last year are paying for my 3080/3080ti when I get one.

As I said somewhere else in the post. I dont believe in bitcoin at all being useful anytime in the near future. But I believe in the money I can make off the people that do Laughing


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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PickupArtist




Posts: 9933

PostPosted: Tue, 5th Jan 2021 22:45    Post subject:
its snakeoil and anyone involved should be arrested and plucked dry , sure as hell the economy could use it
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DXWarlock
VIP Member



Posts: 11434
Location: Florida, USA
PostPosted: Tue, 5th Jan 2021 23:09    Post subject:
Arrested....for what? It's not a pyramid scheme. Its no different than playing the stock markets trading stocks on software companies, or IPO's of those 'unicorn start ups'. (Invest money into the concept you think some particular intellectual property is going to increase in subjective value).

Is it because you dont like it, or because its illegal? You can't get people arrested for just doing things you don't want them to do.


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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PickupArtist




Posts: 9933

PostPosted: Tue, 5th Jan 2021 23:11    Post subject:
thats what the rich said during the french revolution, their last words were u cant chop of my head cause im CHOPPPP ... Laughing

i want all those farming installations destroyed in the name of climate change laws, they use to much energy , period
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DXWarlock
VIP Member



Posts: 11434
Location: Florida, USA
PostPosted: Tue, 5th Jan 2021 23:18    Post subject:
...wut?
How is the French revolution based on a king and the bourgeoisie spending of the peasents tax money while ignoring their needs and refusing to let them fully own land due to feudalism (and hence less rights to improve conditions), anything like this?

Or is this one of the "Eat The Rich" type ideologies?

I'm not defending bitcoin as important. Just pointing out nothing to be arrested for. Speculative gains from projected arbitrary future value is nothing new, or illegal, or worth getting eaten for doing. If so every world stock market, S&P index, and future trades would need to be shut down also.

And is the less than 0.0001% they contribute to the climate change the 'big' issue?
Shit if we are going with that, I demand all gaming PC's be destroyed as they contribute as much if not more than the farming cards just by the mass proliferation of them in numbers. They also produce nothing of tangible value to the world.

Or just an issue with you, because you have an issue with the product?


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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PickupArtist




Posts: 9933

PostPosted: Tue, 5th Jan 2021 23:23    Post subject:
i read somewhere they are eating up to 5%+ of current electricity use worldwide , in some countries it made their electricity use rise with 20+%

all i need to do is say all gamers get a free card of the factories that get shut down, and i have an army in no time to raid this bastille haha Very Happy

nah its a fucking scam and the dumb need to be protected and this shit needs to vanish, by any means necesary
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DXWarlock
VIP Member



Posts: 11434
Location: Florida, USA
PostPosted: Tue, 5th Jan 2021 23:33    Post subject:
PickupArtist wrote:
i read somewhere they are eating up to 5%+ of current electricity use worldwide , in some countries it made their electricity use rise with 20+%

Then you read wrong. Go re-read again.
No way coin farming used 1250 Terrawatt per hour of electricity. (Total worldwide gross production of electricity is roughly 25,000 TWh annually).

A single highway old high-pressure sodium bulb uses 1200 watts of power. It would take 2-3 video cards per every highway light in the world to equal just what they use alone. If you added up all the video cards ever made since the voodoo3, there still isn't enough in sheer number to have that many cards. Much less last 2-3 gens of them.
There is an estimated 305 million street lights in the world. I doubt if farmers have 600-900 million video cards mining.

Traffic lights at intersections use way more power annually than farming cards.

Public street and highway lighting, consumed about 141 billion kWh for lighting in 2019 for the US.
The U.S. residential and commercial sectors combined used about 216 billion kilowatthours (kWh) of electricity.
which was equal to about 1.4% of total U.S. electricity consumption.

And they make up 4x as much as all that combined? (5%)

These are things easy to google.


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.


Last edited by DXWarlock on Tue, 5th Jan 2021 23:43; edited 1 time in total
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PickupArtist




Posts: 9933

PostPosted: Tue, 5th Jan 2021 23:43    Post subject:
https://www.bbc.com/news/technology-48853230

"Currently, the tool estimates that Bitcoin is using around seven gigawatts of electricity, equal to 0.21% of the world's supply."

so it was 0.2 in 2019 , i guess by now its 0.5 and still rising , still far more then your 0.0001

another article says its up to 7 nuclear plants worth of power
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DXWarlock
VIP Member



Posts: 11434
Location: Florida, USA
PostPosted: Tue, 5th Jan 2021 23:45    Post subject:
0.2% percent and 5%-20% is a HUGE difference. That's literally 25 to 100 times less than what you stated.


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.


Last edited by DXWarlock on Tue, 5th Jan 2021 23:48; edited 2 times in total
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PickupArtist




Posts: 9933

PostPosted: Tue, 5th Jan 2021 23:48    Post subject:
and 5000 times more then what u said amigo Laughing
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DXWarlock
VIP Member



Posts: 11434
Location: Florida, USA
PostPosted: Tue, 5th Jan 2021 23:49    Post subject:
Read again:
DXWarlock wrote:

And is the less than 0.0001% they contribute to the climate change the 'big' issue?.

My 0.0001% is the footprint total of global warming it contributes, not electricity usage.
You would have to run one 1000 watt videocard (not a real thing, but for easy math) for over 4 centuries 24/7 at full wattage load, running off of pure coal power plant electricity, to equal what one tanker ship contributes to it on a single trans-pacific route.


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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PickupArtist




Posts: 9933

PostPosted: Tue, 5th Jan 2021 23:52    Post subject:
good thing cruise industry and oil tankers are also on my shitlist Very Happy

but in essence ur with me, u just not sure/les radical about how to stop it
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DXWarlock
VIP Member



Posts: 11434
Location: Florida, USA
PostPosted: Tue, 5th Jan 2021 23:56    Post subject:
Who said I wanted to stop it?
It has earned me my money to buy my next 3080/3080ti off of the pure profit it made me, and try to run it for the 4 centuries Razz

There is plenty of trees to bark up about crypto, a whole forest of them. But at least make sure the one you are barking up has something at the top to bark about.

Cars, lorries, tankers, people themselves, outdated lighting fixtures and bulbs, bad industry practices, the list goes on and on. And bitcoin mining is the tree you bark up about carbon emissions...? A whole forest of old growth trees and you are snapping at a sapling?


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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