Laurie is sleeping at the wheel...

Iron fist is been editing his first post so many times, the first version I read was well and truly written telling '' Laurie to go suck on a meat Popsicle...''

Obviously there is an agenda behind someone who is not related to watersports or the ocean whatsoever and propel their Gospel about their new found religion ''Cryptocurrency''.

I wonder how you ended up with an "Iron Fist" Lot's of repetitive jerking motions.

Bring Crypto back. He might be a sellout, but he was cooler.

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IronFist said..
You are free to invest your nest egg in something blue chip like TLS and take Mrs boredom out to dinner at Pinoccios twice a year when the $1.50 dividend rolls in. LOL
Some of you normies are getting way stressed over things you have no control over and things you say you couldn't care less about. Why all the anger about crypto?
Why not head to the beach and go for a surf or tell Mrs boredom how much you love her?

Your PR skills are exceptional, especially if your aim is to irate people.

You may have more success on a website that is specifically dedicated to discussing cryptos as opposed to a water sports themed website which has ONE single topic (out of thousands) discussing cryptos.

Hi Iorn Fist Can you please tell Mia to tell Crypto trader That while he was stressing about his dodgy pyramid investments and making his millions I was worrying about what to kit rig?
I have compiles a real-time graph.

we are still not sure if strong hands is an advocate for the cryptocurrency as a replacement for cash and other instruments like or just for a speculative bubble investment? Hope the speculation works out in the long term. get out while its good.

A volatile instrument like BTC and BCH is not much use for your every day use of buying groceries and any other every day item like a long term saving account.

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IronFist said..
www.seabreeze.com.au/forums/General-Discussion/Chat/Cryptocurrency?page=8

I'd say everyone trading it believes in it. Trading is a great way to learn as you have skin in the game.

Me personally, I think there will be hundreds of currencies and that will be as normal as the internet.

What is more interesting is blockchain and how that will impact institutions in the next 5 years or so. It's not if it's when.

Power Ledger is an example of that. It's disrupting and people are taking notice.

Making big wadds of money is just a sweet bonus. I worry for those who procrastinate.

Everyone in this market when the thread began have made money. The losers are.......

hahahaha

Trading in a bull market is a great way to fool yourself into thinking you know what you're doing. Until you don't.

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IronFist said..
No, the procrastinators are the losers. Trading is a lot like surfing, you can get a dream run or you can get FUDed.

You and all the others could have been making a lot of profit , since this thread started.

But repeatedly choose to invest energy into rubbishing it. Why? Everyone knows there are risks. Open your eyes.

It's pure jealousy, weak hands, procrastination, and pig-headed stupidity driving all this hatred.

We all know that!

This is one of thousands of threads, if you don't want to discuss crypto go to another one.

If you are so good at trading, why are you wasting your time here

Are you looking for company? Emotional support? Friends?

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IronFist said..
Would I be right in saying the average age on the general forum is 65 retired and no longer gets out much, has errection disfunction, have become bitter, set in their ways and share a collective negative view about younger people and the future?

What sad people some of you have become.

You should hang your collective heads in shame for the massive mess you've left your children to clean up.

Hahaha

https://www.aussiecryptotrader.com

Speak for yourself

Go chase some girls looks like you are good at chatting them up with your crypto talk...maybe some very nerdy ones.

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busterwa said..
Hey Iron. atleast if it all goes wrong you can go back to your day job of cleaning bus windows with your tongue.

That caused me to do a little wee in my corduroys

This thread is hilarious.

I heard that now 5% of all the worlds electricity is now used by bitcoin miners .
If that is the case &it just keeps going up in price who exactly is paying for that .?
The cops are now raiding places thinking they have hydro set ups because of the amount of electricity used with bit coin mining set ups .
Im also getting emails telling me I have bit coins &log on &cash in .
But I think that might be a scam on top of a scam .

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busterwa said..
Hey Iron. atleast if it all goes wrong you can go back to your day job of cleaning bus windows with your tongue.

He also doesn't need toilet paper no matter where he goes

It's so awesome. Such productivity of a human brain. Hope you use your quadrillions of generational wealth to help people. Gotta get them GPUs Hashing.

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Windpasser said..
This thread is hilarious.

Agreed, with all the deleted posts - what's SB turning into ?

Buy the way 5% of the worlds usage of electricity is the entire eastern seaboard side of Australia plus some .
And people worry about global warming renewable energy etc .
How are we supposed to combat that when it could say in another 12 months have gone up to 20% .
The rate it's growing its not unfeasible
We could supply Australia &Africa with free electricity.
Instead of a handfull of miners making money out of bit coin.
People are having electricity restrictions no air con etc because our power supply cant handle the massive spikes.
Is there going to be restrictions cant mine unless its off peak ?

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toppleover said..

Windpasser said..
This thread is hilarious.

Agreed, with all the deleted posts - what's SB turning into ?

Bene just really needs a water, mate..and maybe.... somebody's daughter

naww Whered the posts go!

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The Bell Tower Times - facebook
The Bitcoin Investor 2017
In 2009 Bitcoin was released, and thanks mostly to mankind's desire to get ****ed up without having to meet some sketchy drug dealer in a carpark, the cryptocurrency took off like a man after a succulent Chinese meal. The tech-savvy nerds flocked to the currency like it was a limited edition Princess Leila figurine with extra big tits, paying **** all per Bitcoin. Now they are worth roughly $8660 each. Stick that in your Millennium F...alcon and hyper blast it.
However, given the emergence of competing cryptocurrencies and the ever-looming threat of regulatory cuckery, the bitcoin is a bit like the office receptionist after her 6th vino at the Chrissy party: unstable but if you play your cards right you can still get lucky. So how do rich, slimy investors earn some quick cash from their investments? Well, three words: "Free Financial Seminar", the irresistible honey that attracts the cashed up WA bogan-flys. After one seminar run by an Armani suited puddle of grease, Robbo is a bonafide cryptocurrency broker. He returns from his week off in Perth to talk endlessly about "blockchains", "Coinjar wallets" and other **** he doesn't really understand. "Mate, making coin hand over fist ay, a grand a day no ****ing worries. Bittos were worth around $7000 last month, now almost $9000, I'm racking it in, probably quit this **** soon and become a broker, get around me" He conveniently left out the fact Bitcoin was for the ballsy investor as it had a habit of being as volatile as a tourist's arsehole after some "satay" in Bali. Soon, every man and his dog-on-a-stick was a cryptocurrency expert. For a week Robbo was the Bitcoin king of the Pilbara, that was until others quenched their thirst from the Oasis of free seminars. Suddenly, a young apprentice hotshot called Tomothee was preaching the benefits of Litecoin in the wet mess. Well, there was one market force that Tomothee didn't see coming, Robbo's fist to his face. "****s should be buying Bitcoin orright? Litecoin has a ****ed Al Gore Rhythm or some****". It's amazing how the people who talk loudest about being investment kings are always the wankers stuck doing the same job as you

If you bought Bitcoin Cash last Friday, you could have paid $820 (AU). By Sunday afternoon, you could have sold it for $3799.

If you then bought Bitcoin (as they were both trading in an inverse relationship) you could have paid $7000 and now it's around $9000.

That's around a 500% gain over 5 days and involves two of the top three cryptos (by market cap).

Definitely not a market for the fainthearted.

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albers said..
If you bought Bitcoin Cash last Friday, you could have paid $820 (AU). By Sunday afternoon, you could have sold it for $3799.

If you then bought Bitcoin (as they were both trading in an inverse relationship) you could have paid $7000 and now it's around $9000.

That's around a 500% gain over 5 days and involves two of the top three cryptos (by market cap).

Definitely not a market for the fainthearted.

True that

Likewise you could have bought BTC for $9800 that week in anticipation of the "free" money the fork was about to drop you then panicked and dumped it at $7000 when it was canned and piled into BCH at say $3000 only to see that collapse back to 1500 odd.

Anyone who pretends they know what will happen next in the short term in this space is a fool. Maybe a lucky one but a fool nonetheless.

If you had just held both you would be up around 10% overall which is probably the more interesting thing for me. Somehow doing nothing forkwise has created value. Figure that one out.

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Bara said..

albers said..
If you bought Bitcoin Cash last Friday, you could have paid $820 (AU). By Sunday afternoon, you could have sold it for $3799.

If you then bought Bitcoin (as they were both trading in an inverse relationship) you could have paid $7000 and now it's around $9000.

That's around a 500% gain over 5 days and involves two of the top three cryptos (by market cap).

Definitely not a market for the fainthearted.

True that

Likewise you could have bought BTC for $9800 that week in anticipation of the "free" money the fork was about to drop you then panicked and dumped it at $7000 when it was canned and piled into BCH at say $3000 only to see that collapse back to 1500 odd.

Anyone who pretends they know what will happen next in the short term in this space is a fool. Maybe a lucky one but a fool nonetheless.

If you had just held both you would be up around 10% overall which is probably the more interesting thing for me. Somehow doing nothing forkwise has created value. Figure that one out.

I can't figure it out either, I'm just holding onto what I've got.

But I honestly do believe, if you do your due diligence - there is money to be made but it could just as easily go the other way.

It's just a hobby for me, I chucked $2k to see where it ends up.

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Bara said..
Anyone who pretends they know what will happen next in the short term in this space is a fool. Maybe a lucky one but a fool nonetheless.

I think the true value of blockchain applications is being clouded by the gamble/hysteria around cryptos, trading and the potential for profits.

People who trade shares or go to the casino rarely disclose their losses. It's all wins right?

cry po sent me here... He wanted me to tell you that the electronny thingy whatsit Ponzi has gone up a squizzillion brazillion million spondoolies and he has now made so much profit that he bought the moon... on tick...

It's a decentralised, distributed, open source, ponzi scheme!
Or, it will be bigger than the internet.

The 20th century was very nearly won by centralisation. By 1970 communism was winning, and capitalism was on its last leg. It was an experiment between centralisation and decentralisation of the means of production. Decentralisation won because it was so much more efficient. The 20th century was won by the supermarket.

It's happening again.

I bought bitcoin because I've looked at it from a lot of angles, for months. It goes deep, across many fields, and is really, truly a potential global paradigm shift (or maybe not). I think people think this is a new thing, but its roots go back to the early 90s. It's very well thought through. One could argue that its societal roots go back to the French Revolution.

The mempool issue is temporary. The volatility is because it is a fraction of a fraction of global money. Bitcoin Cash is a dinosaur and unfortunately won't be able to participate with 2nd layer apps because it still has the malleability bug. Big boys are playing their games. It's still early days, the f-wits are only just turning up, next is mainstream.

Next year is going to be very interesting. Futures market by end of this year. Wall St. is sitting on the fence. Lightning Network and 2nd layer apps. I'm especially excited by Lightning.

I bought some just in case it does become bigger than the internet.
If it all crashes ...I'll buy some more. : \

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bene313 said...
I think the true value of blockchain applications is being clouded by the gamble/hysteria around cryptos, trading and the potential for profits.

Most of the hysteria and comments, these days, is childish ...er, vomit. Memes and sentences of single-sylabble words. It's all about that money, money. It's like a bad rap video. I fn hate it. It give me a headache.

I just want to point out right here that completely contrary to that the "inventor" of Bitcoin, Satoshi Nakamoto, is a complete mystery. Assumed dead. True identity unknown. All his bitcoin essentially lost forever, seemingly intentionally.

I'm of the idea that the blockchain is the blockchain; The Bitcoin blockchain.

If it's not obvious I'm a bitcoin maximalist. All the others are clones and will eventually fail. (except dogecoin)


By implementing segregated witness (SegWit) a few months back Bitcoin fixed a bug that was preventing "killer apps" being built on top of the blockchain (you can disagree it is the blockchain if you like. Please do.) It wasn't just to save space in each block. I put "segregated" in bold because seemingly all of the BitcoinCash people don't know what that word means and think security is reduced, when in fact it is quite the opposite because of the malleability bug. Learn to read more than single line memes. It may hurt to read long texts, but it pays off.


______________________________________________

Interesting Links

Lightning Network
From 7 transactions/second to millions. And billions. Super cheap transactions. (I've seen a clever illustration where you would get paid for your transaction.) This is a 2nd layer app.
lightning.network

Bitcoin Futures
CME will list bitcoin futures in December.
www.cnbc.com/2017/11/13/cme-ceo-says-bitcoin-futures-will-list-second-week-in-december.html

BlockStack
Don't want to store you personal information on FaceBook? (built on top of Bitcoin blockchain)
blockstack.org

OpenBazaar
Distributed eBay. Needs a 'browse' button.
www.openbazaar.org

Social Scalability (Long read. Super important author)
What does "being your own bank" really mean? See, when you create "a wallet" with "addresses", it's a misnomer. That is a bank with accounts. You can now trade with other banks internationally, instantly, and completely securely.
unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html

Goldman Sachs CEO Talks Bitcoin
I was so impressed that he really, truly gets it.

^^ Great post - thanks. It's good to be able to come here and learn.

Regardless of the price of some of these coins.

The block chain will impact business & your life more that you care to believe.

The need for book keepers, solicitors, bankers, accountants, wallets, ID, bank cards, passports will all diminish- The blockchain will be the foundation for where AI will operate.

A perfect ledger system.

Look at IOTA and Golem

Its basically Skynet.

(Terminator 2 music please)

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Cambodge said..

IronFist said..
www.seabreeze.com.au/forums/General-Discussion/Chat/Cryptocurrency?page=8

I'd say everyone trading it believes in it. Trading is a great way to learn as you have skin in the game.

Me personally, I think there will be hundreds of currencies and that will be as normal as the internet.

What is more interesting is blockchain and how that will impact institutions in the next 5 years or so. It's not if it's when.

Power Ledger is an example of that. It's disrupting and people are taking notice.

Making big wadds of money is just a sweet bonus. I worry for those who procrastinate.

Everyone in this market when the thread began have made money. The losers are.......

hahahaha

Trading in a bull market is a great way to fool yourself into thinking you know what you're doing. Until you don't.

The behavioural finance aspect of this thread is gold.. All the same comments, mistakes, biases and bravado we have seen before.

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evlPanda said..
I'm of the idea that the blockchain is the blockchain; The Bitcoin blockchain. (you can disagree it is the blockchain if you like. Please do.)

Hang on... earlier in the thread you said "it's just a currency".

Now it's the blockchain?

Singapore disagrees
www.ccn.com/singapore-canadian-central-banks-unite-blockchain-cross-border-payments/

So does Brazil
cointelegraph.com/news/brazilian-central-bank-ramps-up-blockchain-rd-efforts

If the central banks could get their act together (they probably can't) and run their own blockchain for their own currencies, there is no real need for Bitcoin.

I think I get where you're coming from though Panda... Maybe... I just don't know how it would work...

Have a look at what is going on in ICO land. You have all these applications/concepts being introduced using blockchain technology. Take the business of Brave and BAT. In short this is blockchain based web advertising, cuts out the middleman and links advertisers to content providers direct over the blockchain. However in order to transact between advertiser and content provider, they need something to trade. So they create their own token called BAT, it ICOs and then is listed on an exchange.

And Panda what you're saying is that instead of using BAT to trade advertising credits, or use POWR to trade electricity credits, etc, etc, we should be able to buy advertising or electricity using only Bitcoin.

So my question is how? I give you Bitcoin and you give me what to represent my purchase of blockchain based advertising? The advertising itself? How will you provide advertising over the blockchain without using a token? Same as if I give you Bitcoin and you give me electricity - how? Because electricity isn't traded over the blockchain, that's what POWR is for.

Interested in what you have read about all this.