Where your hard-earned money comes to die. Home.
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Sucks that Crypto seems to be dying
Poast new message in this thread
Date: December 10th, 2018 2:44 PM Author: Unhinged walnut area double fault I never had what some of the posters here had in it, but it has been fun to research, invest, trade, etc. Some of the shit bought increased, some didn't. Now, it seems like it's just dead and not coming back.
I feel for the guys who had tens of thousands into it; in the end, I'll lose 3k. I have $200 worth of VET, and I'm not going to bother to pull it out.
Good luck to you guys who are still trying to make money. |
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Date: December 10th, 2018 3:42 PM Author: Flickering Vigorous Community Account Volcanic Crater It's not dying, it's retreating from the excessively optimistic pricing it had over the past year. The crypto space is changing and will continue to change, and smart people will continue to make money in it. A lot of the "research" failed to take into account that there just can't be 800 useful, high value coins. (http://www.autoadmit.com/thread.php?thread_id=4153230&forum_id=7#37383914) |
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Date: December 10th, 2018 4:04 PM Author: supple casino so then why are all 800 coins down and 100% correlated?
shouldn't 1 coin, i.e. bitcoin, be up while everything else is down?
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Date: December 10th, 2018 5:39 PM Author: irate meetinghouse prices vs bitcoin are controlled by bots (http://www.autoadmit.com/thread.php?thread_id=4153230&forum_id=7#37384622) |
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Date: December 10th, 2018 7:27 PM Author: Flickering Vigorous Community Account Volcanic Crater Because of liquidity, plain and simple. Same reason housing and stocks and art are all up together while they all got trashed together in 2008. People who invested in crypto made money, then invested in other crypto, sometimes using leverage (same as housing and stocks). This propelled all crypto values up in unison, which then attracted new investors, dramatically exaggerating the upswing. When the market started suffering then all coins suffered together, and liquidity dried up, new investment decreased and HODLers sell which exacerbates the decline. These are the same dynamics that occur in any market and cause well-known boom and bust cycles. It just happens that the boom and bust cycles are much, much bigger in crypto than other markets (and keep in mind in real estate and stocks -50% is very much possible too). The booms and busts are so drastic because crypto is currently so speculative, on par with early-stage tech companies. Some will make it, and make it huge; most will not.
There were also specific dynamics this year around ICOs; many outright shit companies rode the coattails of legitimate coins, and collected billions of dollars worth of BTC and ETH. Now those shitcoin projects are selling their BTC and ETH stashes and basically blowing the value. Exuberance drove those projects up last year, and harsh reality is bringing them to zero and BTC and ETH down with them as they destroy the value they fundraised. |
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Date: December 10th, 2018 5:29 PM Author: Flesh Concupiscible Church Building lol (http://www.autoadmit.com/thread.php?thread_id=4153230&forum_id=7#37384565) |
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Date: December 10th, 2018 6:57 PM Author: Multi-colored bright brunch why are you so opposed to the concept of cryptocurrency? serious q I agree that the dapp approach that eth took is retarded. But otherwise I think it’s cool technology that will be around for awhile to come. Who knows what the valuation will/should be tho |
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Date: December 11th, 2018 2:10 PM Author: outnumbered marketing idea university What do you mean dapp approach?
Do you mean ICO funding vehicle?
What is ETH without dapps? |
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Date: December 11th, 2018 10:19 PM Author: Multi-colored bright brunch no one cares about dapps. the internet as it is works fine. the decentralized Internet 3.0 is a pipe dream. product/market fit is lacking cryptocurrencies are just that — currencies. and they will most likely gain wide use by solving a specific and well-defined set of finance issues. eth’s dapp/decentralized-web approach is severely misguided these aren’t original thoughts btw I’m just pimping talking points from Arthur breitman |
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Date: December 13th, 2018 9:22 AM Author: irate meetinghouse centralized "social media" is extremely broken and being used by certain malicious elements to suppress anti-globalist sentiment and destabilize american society.
Fake news is a huge problem as well. To the extent the internet functions as a fact-communication channel, the view that it "works just fine" is not shared by many. |
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Date: December 13th, 2018 11:29 AM Author: Multi-colored bright brunch how will blockchain fix fake news (http://www.autoadmit.com/thread.php?thread_id=4153230&forum_id=7#37401403) |
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Date: December 11th, 2018 12:25 AM Author: high-end dilemma pervert most of the shitcoins are going to zero (http://www.autoadmit.com/thread.php?thread_id=4153230&forum_id=7#37387235) |
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Date: December 11th, 2018 6:59 PM Author: irate meetinghouse why are shitcoin sellers selling to fiat instead of into better protocols (http://www.autoadmit.com/thread.php?thread_id=4153230&forum_id=7#37391671) |
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Date: December 12th, 2018 9:24 PM Author: outnumbered marketing idea university They either need the money or think they can buy back in lower or are simply done with crypto (http://www.autoadmit.com/thread.php?thread_id=4153230&forum_id=7#37398781) |
Date: December 13th, 2018 12:25 PM Author: high-end dilemma pervert fraudlies tron is still worth almost $1 bn. (http://www.autoadmit.com/thread.php?thread_id=4153230&forum_id=7#37401679) |
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Date: December 13th, 2018 12:31 PM Author: irate meetinghouse it has a good team behind it bro (http://www.autoadmit.com/thread.php?thread_id=4153230&forum_id=7#37401702) |
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Date: December 14th, 2018 1:34 PM Author: Beady-eyed pistol What do you feel is worth buying right now? (http://www.autoadmit.com/thread.php?thread_id=4153230&forum_id=7#37407723) |