Always Call Heads Posted June 22, 2018 Report Share Posted June 22, 2018 Venezuala is nearing it's final collapse, a fair chance it will not exist in 4-6 months, they're near the point where they cant produce any oil. They still can't convince the Venezuelans. They keep voting for the same guy and they are getting fed up. The Venezuelans know what happens when Exxon takes over. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted June 22, 2018 Report Share Posted June 22, 2018 Lol. BTC was over 13k Jan1, and when you offered the bet it was about 6-7k...(2/5). So the big drop had already been made. I don’t know the exact market cap on that date, but if you want to find it, I would still take that bet...for amusement purposes only of course. I believe time frame was one year. on feb 5th the total crypto market cap was $349b... down 26% since then https://coinmarketcap.com/charts/ Quote Link to comment Share on other sites More sharing options...
IAG Posted June 22, 2018 Author Report Share Posted June 22, 2018 Venezuala is nearing it's final collapse, a fair chance it will not exist in 4-6 months, they're near the point where they cant produce any oil.Exactly Quote Link to comment Share on other sites More sharing options...
IAG Posted June 22, 2018 Author Report Share Posted June 22, 2018 on feb 5th the total crypto market cap was $349b... down 26% since then https://coinmarketcap.com/charts/. Sounds more reasonable Quote Link to comment Share on other sites More sharing options...
IAG Posted June 22, 2018 Author Report Share Posted June 22, 2018 http://bitcoinist.com/venezuela-record-bitcoin-buying-spree-continues-amid-hyperinflation/ Some believe that the rising interest in Bitcoin and other cryptocurrencies comes as people keep searching for some sort of alternative store of value. One Reddit user points out how hyperinflation in the country means someone who bought Bitcoin at the all-time high price of $20,000 would still be better off than if they held bolivars. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted June 22, 2018 Report Share Posted June 22, 2018 http://bitcoinist.com/venezuela-record-bitcoin-buying-spree-continues-amid-hyperinflation/ Some believe that the rising interest in Bitcoin and other cryptocurrencies comes as people keep searching for some sort of alternative store of value. One Reddit user points out how hyperinflation in the country means someone who bought Bitcoin at the all-time high price of $20,000 would still be better off than if they held bolivars. the interest in bitcoin came because it went up. Now there are tons of new cryptos which entirely defeats the idea of bitcoin because it is in effect printing of more money which is endless so long as it goes up. When it goes down, they all go away. Quote Link to comment Share on other sites More sharing options...
IAG Posted June 22, 2018 Author Report Share Posted June 22, 2018 This is not financial advice. Quote Link to comment Share on other sites More sharing options...
IAG Posted June 22, 2018 Author Report Share Posted June 22, 2018 the interest in bitcoin came because it went up. Now there are tons of new cryptos which entirely defeats the idea of bitcoin because it is in effect printing of more money which is endless so long as it goes up. When it goes down, they all go away. The interest in BTC in Venezuela was because of hyper inflation. It still is. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted June 22, 2018 Report Share Posted June 22, 2018 I don't remember ever seeing so much resistance at certain levels in the crypto markets as in the past week or so. BTC kept testing around 6180 and ETH around 540 and they were never able to break out. That's not a good sign for people who are long. But I also think it's way too early for everything to tank completely. This stuff could be range bound for a while. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted June 22, 2018 Report Share Posted June 22, 2018 The interest in BTC in Venezuela was because of hyper inflation. It still is. Yes. But bitcoin is a poor substitute for US dollars. But it is readily available. That is not sustainable for bitcoin though. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted June 22, 2018 Report Share Posted June 22, 2018 http://bitcoinist.com/venezuela-record-bitcoin-buying-spree-continues-amid-hyperinflation/ Some believe that the rising interest in Bitcoin and other cryptocurrencies comes as people keep searching for some sort of alternative store of value. One Reddit user points out how hyperinflation in the country means someone who bought Bitcoin at the all-time high price of $20,000 would still be better off than if they held bolivars.Is there really rising interest in Bitcoin at this point though? Quote Link to comment Share on other sites More sharing options...
IAG Posted June 22, 2018 Author Report Share Posted June 22, 2018 Is there really rising interest in Bitcoin at this point though?In Venezuela? Yes. Link was from yesterday. Got to run for now...Carry on my wayward sons, Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted June 22, 2018 Report Share Posted June 22, 2018 I don't remember ever seeing so much resistance at certain levels in the crypto markets as in the past week or so. BTC kept testing around 6180 and ETH around 540 and they were never able to break out. That's not a good sign for people who are long. But I also think it's way too early for everything to tank completely. This stuff could be range bound for a while.That should say 6780. Not 6180. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted June 22, 2018 Report Share Posted June 22, 2018 In Venezuela? Yes. Link was from yesterday. Got to run for now...Carry on my wayward sons,I don't know about Venezuela. I tend to doubt that Venezuela is going to carry the crypto markets much higher if at all. There isn't very much money there. Quote Link to comment Share on other sites More sharing options...
mikeman Posted June 22, 2018 Report Share Posted June 22, 2018 The interest in BTC in Venezuela was because of hyper inflation. It still is.When venezuala totally collapses their new currency will be the US dollar, not bitcoins. I give maduro maybe 6 months, he'll either be killed by a mob or end up in cuba, prob the latter. Quote Link to comment Share on other sites More sharing options...
IAG Posted June 22, 2018 Author Report Share Posted June 22, 2018 Yes. But bitcoin is a poor substitute for US dollars. But it is readily available.That is not sustainable for bitcoin though. I guess I’m not sure what you’re saying.I don't know about Venezuela. I tend to doubt that Venezuela is going to carry the crypto markets much higher if at all. There isn't very much money there.No. My point in bringing up Venezuela was in regard to legitimate use cases for crypto. I was just citing an example of countering inflation in places with no access to alternate currencies and limited access to banking. Quote Link to comment Share on other sites More sharing options...
sleepy Posted July 17, 2018 Report Share Posted July 17, 2018 shit exploded today just like old times Quote Link to comment Share on other sites More sharing options...
IAG Posted July 17, 2018 Author Report Share Posted July 17, 2018 shit exploded today just like old timesYeah Buddy! Quote Link to comment Share on other sites More sharing options...
IAG Posted July 17, 2018 Author Report Share Posted July 17, 2018 Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted July 18, 2018 Report Share Posted July 18, 2018 Know anything about Digibyte?? (I think it's called that.) Quote Link to comment Share on other sites More sharing options...
IAG Posted July 18, 2018 Author Report Share Posted July 18, 2018 https://youtu.be/_O9s4fuzvbQ Just in case anyone else is still in crypto and bored...live congressional hearing...two today... Quote Link to comment Share on other sites More sharing options...
IAG Posted July 18, 2018 Author Report Share Posted July 18, 2018 Started out ugly. Fok Brad Sherman. Quote Link to comment Share on other sites More sharing options...
IAG Posted July 23, 2018 Author Report Share Posted July 23, 2018 Know anything about Digibyte?? (I think it's called that.)Sorry I just saw this Mach. I really don’t ..sorry......I may have at one time because I owned some a while back. I think it’s been doing well lately, but I really can’t tell you much about it unfortunately. Bitcoin at 2 month high and 46.7 percent dominance level. Quote Link to comment Share on other sites More sharing options...
IAG Posted August 19, 2018 Author Report Share Posted August 19, 2018 I’m not a huge Ivan fan although he was one of the first ones to speak out against Bitconnect after shilling them initially...at least I think that was him... I could be thinking of someone else. I just read that YouTube was also named in the action against BCC for allowing those ponzi routers to promote. And Trevon James was subpoenaed. Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted August 19, 2018 Report Share Posted August 19, 2018 Fucking shitcoins!! Quote Link to comment Share on other sites More sharing options...
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