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Litecoin and Ethereum buys and sells are temporarily disabled

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Re: Litecoin and Ethereum buys and sells are temporarily disabled

#341

Post by rdm_blackhole »

I understand that at the moment it may seem like all the cryptocurrencies are in a bubble but honestly, I don't mind because it is forcing the banks to stop their stupid cash grab and loosen up some of their rules.

What about the stupid fees that bank charge you to have the privilege to have you as a customer?

What about the fact that at the moment it takes 3-5 business days to make a simple bank transfer to another bank?

What about those insane fees when you try to buy another currency through the banks?

What about the fact that I have to call my bank and plead my case when I want to transfer an unusually large amount of money to somebody else because of them blocking the transfer and now I have to spend 1 hour on the phone to solve that issue and prove that I am the one who initiated the transfer?

What about the fact the bankers have brought the world on the edge of a great depression due to their greed and left millions of people underwater on their mortgages?

Bitcoin/LTC/ETH may not solve all the problems that we are facing now, it may not have much practical use at the moment either, but I 'll be damned if I give more money to the banksters.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#342

Post by exelius »

charlesdm wrote: post #321
garybro wrote: post #303

I've made about $110k profit this year in crypto on a $21k investment earlier this year, and I think this is all a giant bubble. I was at my parents' house for Thanksgiving and a commercial with Ron Paul talking about Bitcoin came on, which coincided with around the time it went to $10k, and it hit me really hard that this isn't going to last forever (and probably will hurt sooner rather than later). I liquidated eve…

Even if it is a bubble, that doesn't mean it can't go another 20x from here, depending which crypto you put your money in. There's cheap liquidity (ho ho ho said the FED and the ECB), there are institutions (pension funds) that are starting to buy in, and in comparison, the dot-com bubble (which was mainly a US led bubble, not global) went to $5.7tn to $1.7tn. Gold is worth $8tn globally. Why couldn't Bitcoin get to…

It's strayed so far from fundamentals that it's bound to crash. I really hope it's not that big when it does...

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#343

Post by frakr »

charlesdm wrote: post #321
garybro wrote: post #303

I've made about $110k profit this year in crypto on a $21k investment earlier this year, and I think this is all a giant bubble. I was at my parents' house for Thanksgiving and a commercial with Ron Paul talking about Bitcoin came on, which coincided with around the time it went to $10k, and it hit me really hard that this isn't going to last forever (and probably will hurt sooner rather than later). I liquidated eve…

Even if it is a bubble, that doesn't mean it can't go another 20x from here, depending which crypto you put your money in. There's cheap liquidity (ho ho ho said the FED and the ECB), there are institutions (pension funds) that are starting to buy in, and in comparison, the dot-com bubble (which was mainly a US led bubble, not global) went to $5.7tn to $1.7tn. Gold is worth $8tn globally. Why couldn't Bitcoin get to…

Can you provide proof of one pension fund that has bought in to crypto?

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#344

Post by charlesdm »

exelius wrote: post #342
charlesdm wrote: post #321

Earlier quoted context omitted.

Even if it is a bubble, that doesn't mean it can't go another 20x from here, depending which crypto you put your money in. There's cheap liquidity (ho ho ho said the FED and the ECB), there are institutions (pension funds) that are starting to buy in, and in comparison, the dot-com bubble (which was mainly a US led bubble, not global) went to $5.7tn to $1.7tn. Gold is worth $8tn globally. Why couldn't Bitcoin get to…

It's strayed so far from fundamentals that it's bound to crash. I really hope it's not that big when it does...

But how far? Corrections of 30% in say Bitcoin are common. Does this matter? I would say not -- it's not something I lose sleep over. It's fine, boom and bust.

If you buy in, buy in during a consolidation phase, when you see the price is stable. Ethereum had a huge run up, yet then consolidated for around 6+ months around $300. I would say that is healthy. Now it's heading higher. "Fundamentals" aside, of course.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#345

Post by RileyJames »

wott wrote: post #75
phil248 wrote: post #25

Earlier quoted context omitted.

Having purchased several cryptocurrencies recently, I can attest that I am certainly not acting rationally. But at least I'm having fun!

I should start a business selling thin air. Thin air from France, thin air from Japan, thin air from Mexico, and so on, you can collect them all, it is super fun. Then I could introduce cold captured thin air, warm captured thin air, etc. Wet thin air, dry thin air for year 3. More fun every year. Even better, I should sell just a paper (well, an electronic one) stating you own some thin air. Hey, geeks, how cool can…

You joke, but they buy fresh air in canisters in China, shipped from non-polluted locations, like Australia, NZ & Canada. All things are not abundant in all places: http://www.bbc.com/capital/story/20170515-the-entrepreneurs-...

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#346

Post by llamataboot »

averagewall wrote: post #251
benmorris wrote: post #221

Earlier quoted context omitted.

I totally agree. I'm confident a crypto coin crash is coming to eclipse any we've had before. The combination of volume, transactions/second limits, and weak exchange infrastructure; when people want to get out things are going to get ugly.

Whenever someone says they're sure of a crash, I assume their true feeling is isn't confidence of a crash but frustration at having missed out. Have you shorted Bitcoin? That would help you to profit from your belief.

something something about markets being able to stay irrational longer than an investor can stay solvent

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#347

Post by charlesdm »

frakr wrote: post #343
charlesdm wrote: post #321

Earlier quoted context omitted.

Even if it is a bubble, that doesn't mean it can't go another 20x from here, depending which crypto you put your money in. There's cheap liquidity (ho ho ho said the FED and the ECB), there are institutions (pension funds) that are starting to buy in, and in comparison, the dot-com bubble (which was mainly a US led bubble, not global) went to $5.7tn to $1.7tn. Gold is worth $8tn globally. Why couldn't Bitcoin get to…

Can you provide proof of one pension fund that has bought in to crypto?

Maybe not yet as of today, but they're coming. I have a friend (wealthy family with a substantial family office) who bought into crypto at the beginning of last year.

His dad runs quite a large traditional investment fund and knows of people in his network working at pension funds that are looking at putting money into Bitcoin / Ethereum and others. The family has done private equity deals together with some of these funds (mostly raising debt financing from them).

I'm not an extreme crypto bull, but I honestly think it's still early. But there will be massive volatility along the way.

Note: not investment advice, obviously. Just my opinion.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#348

Post by [deleted] »

exelius wrote: post #342
charlesdm wrote: post #321

Earlier quoted context omitted.

Even if it is a bubble, that doesn't mean it can't go another 20x from here, depending which crypto you put your money in. There's cheap liquidity (ho ho ho said the FED and the ECB), there are institutions (pension funds) that are starting to buy in, and in comparison, the dot-com bubble (which was mainly a US led bubble, not global) went to $5.7tn to $1.7tn. Gold is worth $8tn globally. Why couldn't Bitcoin get to…

It's strayed so far from fundamentals that it's bound to crash. I really hope it's not that big when it does...

[deleted]

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#349

Post by hndamien »

exelius wrote: post #342
charlesdm wrote: post #321

Earlier quoted context omitted.

Even if it is a bubble, that doesn't mean it can't go another 20x from here, depending which crypto you put your money in. There's cheap liquidity (ho ho ho said the FED and the ECB), there are institutions (pension funds) that are starting to buy in, and in comparison, the dot-com bubble (which was mainly a US led bubble, not global) went to $5.7tn to $1.7tn. Gold is worth $8tn globally. Why couldn't Bitcoin get to…

It's strayed so far from fundamentals that it's bound to crash. I really hope it's not that big when it does...

You love bankers that much? Boy we have come a long way since 2008.

edit: Oh you said "hope it is not" - my mistake.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#350

Post by hndamien »

arcticfox wrote: post #311
zMiller wrote: post #193

Earlier quoted context omitted.

You are absolutely right. Again my comment was directed at : > People who call Bitcoin a 'Ponzi scheme' , type of plant or apply whatever reduction on a very complex and innovative product. Not at the one's who are raising very valid red flags on valuation and how hot the market is becoming. In my personal opinion it is absolutely 'bubble' like behavior right now. And i believe we both echo the same sentiment.

> a very complex and innovative product. The main point here is that there's absolutely nothing innovative about BTC anymore, if anything it's way behind. Which is why the valuation is so suspect; it's totally disconnected from the utility BTC provides compared to alts. Anything BTC does, alts do better, except for marketing.

And universal acceptance, valuation and infrastructure support. Thats a big exception.
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