Tether is now $1.5bn. It might be small compared to the entire market cap but it sure looks like a ****ing scam. What happened in March/April/May that meant the amount of tethers in circulation went from minute to $1.5bn now?

https://coinmarketcap.com/currencies/tether/

Anyone who puts decent money on bitfinex is asking to get scammed. The AP/UB of the crypto world.

Never had any cash advance fee of foreign transaction fee. I do get 2% cash back for the purchases though which makes the coinbase fee less painful.

why are you guys using coinbase.

get verfied. ach money over. wire money over.


use gdax
use gemini

its so simple...

you end up paying 0.25% (assuming taker, if not you can get away with 0%) vs 5-10%.

Coinbase gives you your coins immediately when buying with a credit card. They rape you with fees but with a cc you do get 2% cash back. But more importantly it takes a week to load money onto gdax. If you don't have any USD on any exchanges it usually makes more sense to buy with a CC because the market will usually recover more than 5-10% after a week following a flash crash.

Dude, get a grip. Calm down and read what I wrote before you flip out again.

Deliberately taking a 10% hit on buying a coin anticipating a recovery is dangerous thinking imo.

Well it's not 10%. It's a 4% fee at a price like 1% above market. Then subtracting 2% in credit card cash back. Those random days (like yesterday) when there's a big drop for no reason it's worth it to take the hit if you want to buy asap.

Kazuya is such a well spoken guy while Aggo is clearly a crazy mofo, it bothers me that I side with the latter on the actual crypto issues.

Hope everyone had a good 2017 speculating and GL for this year.




I might have to take the under on the 6b.

When the music stops, it's going to get really ugly for 99% of the coins out there.

You keep responding to me with this crap that has nothing to do with what I was saying. I hold and have been holding eth and btc for over a year. I have a large portion of my portfolio sitting on gdax. You're making all these random assumptions about me that aren't true. Please read my comments again and then ask yourself how you came up with this as a response.

You posted this at 6:13pm on Dec 11th. ETH/BTC was at ~.027.

You can't be right on every call but you could at least accept when you've made a call that turned out horribly wrong. And try being nicer to people.

yes, that was literally the bottom.

i got rekt


good thing it wasnt an actual big trade also



now that eth is making new highs, mega bouncing, and going to test 0.1, etc. I'm glad everyone feels it is safe to post in thsi thread again

you are pathetic. This thread is the most mature with the less moon talk of the 3 crypto threads on here. Most of us were quietly hodling when things were rough.

Just to be clear, we do still talk about buying lambos ITT.

a few donkeys who think the prices are the most interesting thing about the current cryptocurrency boom do... but this thread is way less bad overall than the other threads. Was better when Kazuya posted more, glad to see him drop a post though.

ORLY.jpg

Dude, just stop. You’re embarrassing yourself.

‘I never said sell anything, apart from those times that I did, but I wasn’t even serious then so jokes on you hahaha’

BTC/USDT was trading <$1k below BTC/USD last month. You do not think that creates demand

Why are you sitting with a large portion of your portfolio on GDAX? You should be holding in a nano purchased from the manufacturer for safe keeping.

I have a Nano too.

Aggo is going to look so smart when the bubble finally bursts, but he’s been saying it’s a massive bubble and to stay away since the cap was half what it is now. You can keep calling the market a bubble and eventually you’ll be right.

I don't think I've seen any non-idiot opine that "altcoins"* as a group are not overvalued. Think probably single digit % are undervalued with the rest overvalued.

If the market cap of "alts" increases, but >90% of them go to near 0, does he look like a genius? I'm not sure. It depends on other factors that we can't evaluate right now and won't be able to in the future without knowing all of his positions at all times.

In general he's right though that a lot of people are going to get rekt when the washout occurs.

Just to get an idea of how crazy this market is, abandoned projects are worth multiple billions, XRP is... lol (aggo has posted good stuff about it how ****ty it is various times in these threads), vaporware valued in the billions, obvious pyramid scheme in the billions, etc.


*by this I mean pretty much everything other than bitcoin and ether, perhaps a few others that trade vs actual USD/fiat currencies

Ok, I will agree ripple is dog****, that doesn’t mean me buying ripple at and average of 30c and selling for an average of about $2 after two weeks wasn’t the best trade I’ve ever made. This is/was one of the most irrational bull markets of all time. No one should put all their money in the alt coin market, and keep it there, but Idk how you can discount the logic that there is some risk worth taking to go after all that dumb money.

Bad Poker analogy:
Was playing gto Poker the best strategy in 2003?
Are people who tell you no one can make money at Poker because of the rake annoying nits?

To be clear, i'm not knocking ever having exposure to various coins I say are ****ty based on near-term things you think might happen/trying to swing-trade. But i would generally say if it's not a 60+ hours a week thing for you, then you're probably a very big dog vs hodling. A 7x is a 7x regardless of which coin it was, though, so nice trade on XRP! (refuse to call it "Ripple" because: see aggo's posts)

Always follow good risk management. Be keenly aware of what % of your portfolio you are putting into something, and the tax consequences. Study portfolio theory. People who don't do this are virtual lock to get rekt on a long enough time horizon.

This is actually a pretty good analogy.
This one is very true, but not as good as an analogy.
More accurate would be that people recommend you not to play way too loose in early position. You claim that you can make up for the sub optimal play by outplaying your fishy opponents post flop, even out of position. But the person giving the advise doesn't know exactly how well you play, and has to suppose that you, as most people do, underestimate both your opponents and the variance that has lead you to believe that you can pull off those moves.

too many things to quote


1/ The entire reason why I was dead set agains this thread ever launching was because I felt it would simply be a shill hole for icos. Despite this eventually occurring, One of my bigger regrets in this thread was sharing some of my plays that I was already well positioned in here . I did this because I naively believed that Kazuya and Twoshatter actually abandoned the thread.

2/ I would take 0 solace in being "right" or "wrong" about anything. Unlike some folks, I dont really quite care what goes on here... because Ive got nothing to prove here. There are other crypto related communities that I am apart of which are far more rewarding. My track record for serious calls in which i had real $ on this thread speaks for itself. Does it still upset people that I can both hold ethereum (from under 0.015) and still talk **** about it? I literally tell everyone I know that Ethereum is a piece of ****, but I still own it.


3/ I'm going to be here whether or not your crypto goes to 0 or 100. Whether or not "aggo" is right or wrong matters nothing to me.
My fiat balance is very happy. My btc balance is very happy.
My ethereum balance is very happy.