Forums > General Discussion   Shooting the breeze...

Cryptocurrency

Reply
Created by Razzonater > 9 months ago, 31 May 2017
cryptotrader
79 posts
7 Nov 2017 1:45PM
Thumbs Up

Select to expand quote
Bara said..
cryptotrader said..

Bara said..

So much of a joke I retired at 42 from my trading profits in the energy game. My book was in the 10s of millions not 10s of thousands. Honestly you have no clue how much of a trading parody you are.

No paradox let's not close it there's alot to be learned here....


Now you are multi millionaire who has to ask how to dip your big toe into crypto on a watersports forum. lol


Yep you got it. I'm on here for the weather forecast primarily. How about you?


This is what I do now. Talk crypto all day. I love it. This is just one of many places where I do it.

Seemed relevant to post a good news story about a very successful ICO from Perth here. But obviously all the EXPERTS on here know much more. labeling it a SCAM.

Haters are going to hate

AUS1111
WA, 3621 posts
7 Nov 2017 1:54PM
Thumbs Up

Select to expand quote
cryptotrader said..
No I cant, My original input of $15K was pulled out in late October, Just after you entered the market.

I am free flying with around $60K in market now

So how can I lose Mr. big toe dipper?


Interesting insight into irrational behavior here. How is the money you now have invested any different to the money you first invested? It's all money right?

You now have $75k. If you lose some, you've lost. A loss taken out of your "winnings" is a loss worth just as much as any other.

Bara
WA, 647 posts
7 Nov 2017 1:54PM
Thumbs Up

Great keep it up I'm learning from you but probably not the way you intend. I don't mind the insults either you need a thick skin to trade successfully. Yours is way too thin you should work on it some.

You need to keep the emotion out of your positions. If I was to guess your pretty large on this ICO and its getting a bit emotional for you.

Personally if I could find a way to short stuff like this it would be way more interesting and far less risky.

Oh that's right there is a way - launch an ICO and sell it to the punters Hhmmm?

albers
NSW, 1739 posts
7 Nov 2017 5:33PM
Thumbs Up

After reading the last few posts, I just realised I wasn't scrolling through a Heavy Weather topic.

Let's keep it down to a dull roar

cryptotrader
79 posts
7 Nov 2017 2:40PM
Thumbs Up

Select to expand quote
Bara said..
Great keep it up I'm learning from you but probably not the way you intend. I don't mind the insults either you need a thick skin to trade successfully. Yours is way too thin you should work on it some.

You need to keep the emotion out of your positions. If I was to guess your pretty large on this ICO and its getting a bit emotional for you.

Personally if I could find a way to short stuff like this it would be way more interesting and far less risky.

Oh that's right there is a way - launch an ICO and sell it to the punters Hhmmm?

I'm not in MENSA and even I can look at chart of the crypto market since the start of the year. An idiot couldn't fail to make money in this market.

All companies start somewhere. In crypto they start as ICOs. There are some great ideas being developed in this space. To dismiss all as a scam is just plain foolish. You do need to approach this market with open eyes.

I've been trading prior to the GFC. But now just do crypto. I enjoy it and I'm getting a great insight into where this is going to end up.

And of course you can short bitcoin if you want. Traders I know are doing that 'unsuccessfully' now. There are new financial options being developed daily.

But you need to keep your eyes open to see it.

cryptotrader
79 posts
7 Nov 2017 3:01PM
Thumbs Up

Select to expand quote
AUS1111 said..
cryptotrader said..
No I cant, My original input of $15K was pulled out in late October, Just after you entered the market.

I am free flying with around $60K in market now

So how can I lose Mr. big toe dipper?


Interesting insight into irrational behavior here. How is the money you now have invested any different to the money you first invested? It's all money right?

You now have $75k. If you lose some, you've lost. A loss taken out of your "winnings" is a loss worth just as much as any other.

Your analogy is almost as intelligent as that guy who was trying to argue with me about the difference between price and value the other day.

dmitri
VIC, 1040 posts
7 Nov 2017 6:01PM
Thumbs Up

I am pretty sure Cryptotrader here is to I help small business owners make smart financial decisions so they can spend more time out on the water!
I just took a second mortgage on my house and bought a power ledger ICOs..yeah!

AUS1111
WA, 3621 posts
7 Nov 2017 3:05PM
Thumbs Up

Select to expand quote
cryptotrader said..

AUS1111 said..

cryptotrader said..
No I cant, My original input of $15K was pulled out in late October, Just after you entered the market.

I am free flying with around $60K in market now

So how can I lose Mr. big toe dipper?



Interesting insight into irrational behavior here. How is the money you now have invested any different to the money you first invested? It's all money right?

You now have $75k. If you lose some, you've lost. A loss taken out of your "winnings" is a loss worth just as much as any other.



Your analogy is almost as intelligent as that guy who was trying to argue with me about the difference between price and value the other day.


I didn't make an analogy. If you are more prepared to risk your $60k because you "won" it, that implies it is "worth" less to you than your initial capital. That is irrational.

Many investors are irrational.

cryptotrader
79 posts
7 Nov 2017 3:14PM
Thumbs Up

Select to expand quote
AUS1111 said..
cryptotrader said..

AUS1111 said..

cryptotrader said..
No I cant, My original input of $15K was pulled out in late October, Just after you entered the market.

I am free flying with around $60K in market now

So how can I lose Mr. big toe dipper?



Interesting insight into irrational behavior here. How is the money you now have invested any different to the money you first invested? It's all money right?

You now have $75k. If you lose some, you've lost. A loss taken out of your "winnings" is a loss worth just as much as any other.



Your analogy is almost as intelligent as that guy who was trying to argue with me about the difference between price and value the other day.


I didn't make an analogy. If you are more prepared to risk your $60k because you "won" it, that implies it is "worth" less to you than your initial capital. That is irrational.

Many investors are irrational.

Ok pops, thanks for the great tip.

cryptotrader
79 posts
7 Nov 2017 3:27PM
Thumbs Up

Quiet day on the markets today.

albers
NSW, 1739 posts
7 Nov 2017 6:27PM
Thumbs Up

The blathering here reminds of a quote by French philosopher Michel de Montaigne:

"He who establishes his argument by noise and command shows that his reason is weak."

Bara
WA, 647 posts
7 Nov 2017 3:50PM
Thumbs Up

Select to expand quote
cryptotrader said..

Bara said..
Great keep it up I'm learning from you but probably not the way you intend. I don't mind the insults either you need a thick skin to trade successfully. Yours is way too thin you should work on it some.

You need to keep the emotion out of your positions. If I was to guess your pretty large on this ICO and its getting a bit emotional for you.

Personally if I could find a way to short stuff like this it would be way more interesting and far less risky.

Oh that's right there is a way - launch an ICO and sell it to the punters Hhmmm?


I'm not in MENSA and even I can look at chart of the crypto market since the start of the year. An idiot couldn't fail to make money in this market.

All companies start somewhere. In crypto they start as ICOs. There are some great ideas being developed in this space. To dismiss all as a scam is just plain foolish. You do need to approach this market with open eyes.

I've been trading prior to the GFC. But now just do crypto. I enjoy it and I'm getting a great insight into where this is going to end up.

And of course you can short bitcoin if you want. Traders I know are doing that 'unsuccessfully' now. There are new financial options being developed daily.

But you need to keep your eyes open to see it.


I don't want to short bitcoin. I made a quick 50% on it from the long side and switched my spec money into crude start of the month

Yep I'm a newcomer to it like you say but bloody hell where there's easy money there's always hidden risk and that gain was just too easy.

No I would want to short ICOs like powerledger from what ive read today. If it was a penny stock it would be crucified not too long after listing imho. the shorters would likely be all over it pretty early on and fill your bids till it burst. Then would come the long list of announcement misses quarter after quarter...

And that there is what has me looking in this space. It's irrational behaviour divorced from market forces to correct imbalances. You have to be nimble but there's money to be made I suspect and you don't have to be as clued up as you would for a penny stock IPO.

I'm just gobsmacked how lightweight that whitepaper was and wonder are they all like that to those that understand each particular space that these ICO s seek to enter?

If so WOW!

cryptotrader
79 posts
7 Nov 2017 4:07PM
Thumbs Up

Bara said..
I don't want to short bitcoin. I made a quick 50% on it from the long side and switched my spec money into crude start of the month

Yep I'm a newcomer to it like you say but bloody hell where there's easy money there's always hidden risk and that gain was just too easy.

No I would want to short ICOs like powerledger from what ive read today. If it was a penny stock it would be crucified not too long after listing imho. the shorters would likely be all over it pretty early on and fill your bids till it burst. Then would come the long list of announcement misses quarter after quarter...

And that there is what has me looking in this space. It's irrational behaviour divorced from market forces to correct imbalances. You have to be nimble but there's money to be made I suspect and you don't have to be as clued up as you would for a penny stock IPO.

I'm just gobsmacked how lightweight that whitepaper was and wonder are they all like that to those that understand each particular space that these ICO s seek to enter?

If so WOW!


You've been in this space for two weeks now. Stop pretending that you know everything about it. Stop advising me like I'm your estranged son. No one is twisting your arm to invest in these ICOs. I'm not even advising that anyone else should - I just put it out there and asked if anyone had picked it up...... because.... It's relevant. I wasn't shilling it. I'm just only starting to look at these - because some of them are interesting - like Power Ledger.

These white papers may be light because people just don't read anymore. The thing I like about crypto is that if I have any questions about any ICOs altcoins, the overseas markets or anything else - I often find an associated telegram group, where I get an answer to the most random questions within minutes - you should try it.

And all this nonsense about - if this was a penny stock bla bla bla - crypto is not the ASX. It's a much improved 24/7 game - and it's not going to go away.

If you are a multi millionaire, like you say you are, and think crypto is all rubbish, and you know everything better, what are you even doing in the market - it just doesn't make sense.

Ideas all start somewhere. Here's another one - is this rubbish also?

fortune.com/2017/09/21/pharma-blockchain/

albers
NSW, 1739 posts
7 Nov 2017 7:12PM
Thumbs Up

Looks like my posts have fallen on deaf ears

Bara
WA, 647 posts
7 Nov 2017 5:11PM
Thumbs Up

Lol you do sound like a spotty teenager with all the ranting. My reason for being in crypto is simple - asset protection. I have an issue with fiat currencies longevity after the gfc bailouts and endless money printing. Most property is in a bubble related to the money printing and is too illiquid to bail on when it bursts anyway.

Inflation is waking up and with it will go interest rates deflating bubbles everywhere so asset protection will be key. Bitcoin fits in there somewhere but not if the market pushes it into a bubble along with everything else.

Dodgy ICOs have the potential to bust the trust in bitcoin needed for it to be a safehaven.

Pharma blockchain looks good but I'm no expert in that space. There does appear to be a genuine need to meet that fits well. Would an ICO be grossly overpriced though? Devil would be in the detail and that would require reading eh

Windpasser
WA, 507 posts
7 Nov 2017 5:14PM
Thumbs Up

I um a sinlge gender fluid Mom_Manist, working hard to foed to 4 childs.

Then I fouind Fraudcoin. THey said I kould make Fousands overknight.

My $fifty turned soon to $fiftysix!

Thankyou creepy currenc(y)ies

Windpasser
WA, 507 posts
7 Nov 2017 5:23PM
Thumbs Up

The crypto's are sucking in Normies like a galactic vacuum. It's gonna peak and all the speculators are gonna walk away happy while the others will be destroyed.

Well done on ripping each other off for money. But hey, that's life I guess.

Maybe we could join our intelligence and do something cool or "real", everyone could have nice things. But **** that. I wanna be rich bitch.

Windpasser
WA, 507 posts
7 Nov 2017 5:33PM
Thumbs Up

Truth is no matter how much of this money you stockpile, it won't be enough.

When you get that diagnosis of a Brain tumor, heart disease, Pneumonia, Cancer, ALS, Luekemia, Alzhemiers, Parkinson's, Diabetes, etc, your money is ****. It won't save you. No matter how much you got.

It might make treatment easier, and less painfull. But it will not fix you.

Windpasser
WA, 507 posts
7 Nov 2017 5:45PM
Thumbs Up

Windpasser is drunk after the Cup and has been banned from commenting.

He want's to know why you all want to be selfishly rich.

Imagine where humanity would be today if we worked together.

Oh no someone just took some chips off his plate. Smash him. CALL the police. WTF, mongrels can't do that.

cryptotrader
79 posts
7 Nov 2017 6:43PM
Thumbs Up

Select to expand quote
Bara said..
My reason for being in crypto is simple - asset protection. I have an issue with fiat currencies longevity after the gfc bailouts and endless money printing. Most property is in a bubble related to the money printing and is too illiquid to bail on when it bursts anyway.

Inflation is waking up and with it will go interest rates deflating bubbles everywhere so asset protection will be key. Bitcoin fits in there somewhere but not if the market pushes it into a bubble along with everything else.

So let me understand this.

You ask on a water sports forum how to buy bitcoin on 16 October. You hold bitcoin for two weeks and sell it on Nov 2 claiming you made 50% profit and you do this for "asset protection" because.... you are an energy expert who's made tens of millions of dollars after losing your guts in the dot com bubble?

Tell me did you spend the whole $50 in the one go?

ROFL



Where's Panda?

albers
NSW, 1739 posts
8 Nov 2017 6:47AM
Thumbs Up

On a lighter note, famed trader Nicolas Darvas wrote a book in 1964 titled "Wall Street: The Other Las Vegas" so even back then was a view that the traditional type of stock market was just a gambling house.

To put cryptos into perspective, the current market cap of around $200B is around 1/10 the value of the ASX, and the ASX is worth about 2% of total world stock markets.

IMO, still a long way to go before its value will have some relevance to financial markets.

But who knows.

PS: Just found out you can trade CFDs on IG Markets for Bitcoin and Ether.

Bara
WA, 647 posts
8 Nov 2017 7:58AM
Thumbs Up

Select to expand quote
cryptotrader said..

Bara said..



So let me understand this.

You ask on a water sports forum how to buy bitcoin on 16 October. You hold bitcoin for two weeks and sell it on Nov 2 claiming you made 50% profit and you do this for "asset protection" because.... you are an energy expert who's made tens of millions of dollars after losing your guts in the dot com bubble?

Tell me did you spend the whole $50 in the one go?

ROFL



Where's Panda?


YEP that's what I did though your dates aren't spot on. It was frighteningly easy. I'm now in crude and up nearly 20% on that trade as of today while you've gone sideways in a dog that your slowly beginning to realise has fleas.

I guess your just angry cos it made your crypto entry look amateurish. Eh?

Anyway boring post that one learnt nothing other than that your still full of angst after sleeping on it. Come back with some more vibes please -

What do you think of hut34? Another Aussie ICO.. ..

westozwind
WA, 1415 posts
8 Nov 2017 8:00AM
Thumbs Up

Good news for ethereum holders.

www.theregister.co.uk/2017/11/07/parity_wallet_destroys_280m_ethereum/

cryptotrader
79 posts
8 Nov 2017 8:21AM
Thumbs Up

Select to expand quote
Bara said..

YEP that's what I did though your dates aren't spot on. It was frighteningly easy. I'm now in crude and up nearly 20% on that trade as of today while you've gone sideways in a dog that your slowly beginning to realise has fleas.

I guess your just angry cos it made your crypto entry look amateurish. Eh?

Anyway boring post that one learnt nothing other than that your still full of angst after sleeping on it. Come back with some more vibes please -

What do you think of hut34? Another Aussie ICO.. ..


I don't know about that one. What problem is hut34 trying to solve?
I was also told about this one by someone with Macquarie Bank who has had her identity stolen 5 times: www.peermountain.com/
It aims to solve identity theft.

cryptotrader
79 posts
8 Nov 2017 9:45AM
Thumbs Up

Select to expand quote
westozwind said..
Good news for ethereum holders.

www.theregister.co.uk/2017/11/07/parity_wallet_destroys_280m_ethereum/


This was a flash crash - lasted half an hour or so. Price still the same as yesterday.

Someone profited on Power Ledger today big time by putting out some news that Jemma had left the project - causing a 20% flash crash today.

This sort of thing is quite normal in crypto - you need strong hands.

Bara
WA, 647 posts
8 Nov 2017 10:11AM
Thumbs Up

Select to expand quote
cryptotrader said..

westozwind said..
Good news for ethereum holders.

www.theregister.co.uk/2017/11/07/parity_wallet_destroys_280m_ethereum/



This was a flash crash - lasted half an hour or so. Price still the same as yesterday.

Someone profited on Power Ledger today big time by putting out some news that Jemma had left the project - causing a 20% flash crash today.

This sort of thing is quite normal in crypto - you need strong hands.


i love how you throw around lingo. a flash crash drops and recovers in minutes due to sudden large sell orders that then trigger stops before recovering to close to where it started.

thats not what happened to power ledger - a $75M market cap ICO dropped 20% and stayed there on a measly $10,000 USD turnover. Oh the humanity!

with hands as strong as yours I assume you bought more or did those tight stops you have get triggered?

cryptotrader
79 posts
8 Nov 2017 10:42AM
Thumbs Up

Select to expand quote
Bara said..
i love how you throw around lingo. a flash crash drops and recovers in minutes due to sudden large sell orders that then trigger stops before recovering to close to where it started.

thats not what happened to power ledger - a $75M market cap ICO dropped 20% and stayed there on a measly $10,000 USD turnover. Oh the humanity!

with hands as strong as yours I assume you bought more or did those tight stops you have get triggered?


Why don't you tell me - you seem to have all the answers Mr. Big toe dipper

japie
NSW, 7144 posts
8 Nov 2017 4:19PM
Thumbs Up

This thread reminds me so much of a story told to me by a work colleague back in the early 1990s when mobile phones were making an appearance.

He was in the Ansett lounge where this individual had his phone up to his ear at the bar and was volubly urging the pseudo call receiver to sell, sell we will make a killing when the phone made an unfortunate entry into the scenario and rang.

evlPanda
NSW, 9207 posts
8 Nov 2017 7:12PM
Thumbs Up

Select to expand quote
cryptotrader said..
evilPanda

Power Ledger is an Australian Technology company chaired by the Mayor of Perth that is attempting to solve a real world problem.

You either need to substantiate your claim that Power Ledger is a "scam" or you need to formally retract that comment.

Which is it?






Mate, I've known a couple of mayors, had one at my wedding (I still have Monopoly - Gold Coast he gave us as a gift. I always play the windsurfer). My wife works as a carer for a guy that knows the current mayor of GC very well too. Being a mayor does not mean you are not corrupt. Not. At. All.

And hey, who was Bernie Madoff? Big names don't mean ****. More often than not quite the opposite, actually.

Here's my claim Power Ledger is a scam (and I don't need to formally retract anything, of course).
I, and everyone else that looks at Power Ledger for a minute has the same question: How does Alice in Perth get her electricity to Bob in Melbourne, to whom she sold it? Or even to Charlie across the street, to whom she also sold it. It's because this is impossible that the entire concept is flawed. Any idiot can see that.

On top of that Ethereum is a scam, which is what Power Ledger is built on. Ethereum's entire use case is nothing but scam ICOs.

And now you say "Oh no, I'm just a speculator and I never said any different."

Oh, by the way, do you sail or surf?

evlPanda
NSW, 9207 posts
8 Nov 2017 7:19PM
Thumbs Up

If ever there was proof we need red thumbs back again.



Subscribe
Reply

Forums > General Discussion   Shooting the breeze...


"Cryptocurrency" started by Razzonater