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| notabikeranym... |
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notabikeranym...
Formerly known as
meef
Joined: 02 Apr 2014
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 Posted: 22:41 - 26 Mar 2021  Post subject: |
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I'm still trading almost every day and securing 5 figures weekly/monthly. I didn't get in early and make a profit and luck-out.
You cast aspersions and jump to conclusions based on nothing but your own scepticism which is why my default reaction is apathy and fun-poking. I literally give no fucks what you think I've done but you are completely wrong.
It's easy to scream "cult and bias" when you've done (very obviously) zero research and are just here with your tin-foil hat.
I don't need to know what the top 100 cryptos do. I research any crypto that looks good fundamentally and cryptos that offer a real use-case. I'm not about to give you a rundown on all the fucking whitepapers of your top 100 picked cryptos in order to prove that I know what I'm talking about. I get enough ignorant people coming to me and asking me "is this shitcoin good?" having done no work themselves. The information is free and it's out there if you're not closed minded and arrogant in your belief when it comes to new money systems.
Of course the space is rife with shitcoins that do nothing and are utter vaporware. They don't do very well and disappear into non-existence after weeks to months. Scams to be avoided, just like the hundreds of fucking fiat money scams.
I can't be fucked to spoon feed you your homework, especially when you're being deliberately obtuse. There are many use cases for any given crypto. None of it makes sense to anyone who is closed minded and screams "super secret crypto jargon EIP1559". EIP1559 is one of many well-known aspects of Ethereum's roadmap. Any idiot who has even watched a five minute ETH video or quickly googled it will understand it.
Also I've heard this a hundred times over by no-coiners. Crypto isn't a ponzi. Your idea of a "massive money making con" can be applied to any market, not just the crypto market. For any stock, commodity, forex pair, or whatever the fuck you're trading, for it to move up in value it has to be bought and money has to flow into it. Some will profit, some will make a loss.
Also FYI if crypto isn't a currency, why have I been able to blow five figures at a time buying things without ever having to change it into pounds or dollars?
Also on Pjay's STEM degree comment, I have a computer science degree myself. I'm pretty sure I have a good base of knowledge for understanding the fundamentals behind crypto. |
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| The Artist |
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The Artist
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| Lord Percy |
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Lord Percy
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| Ribenapigeon |
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Ribenapigeon
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| Lord Percy |
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Lord Percy
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Posted: 10:47 - 27 Mar 2021  Post subject: |
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Call it what you will but crypto is monopoly money until it becomes usable for paying taxes or performing central economic management tasks at the government level.
Sure, it serves a purpose to those who use it, but I cannot see the conceptual difference between this and any standard item being used as a tool of trade.
As you said meef, it's no different from stocks, shares, commodities etc which fluctuate in value. But none of those things have ever been granted the status of 'currency'. Also probably worth considering that there are not bitcoin-specific prices for things, i.e. in the non-crypto world people will say things like "oh you should buy that item in Farawayistan because your GBP will go further there", but, give or take a few chancers here and there, bitcoin is only ever translated back into current real-world value (usually USD value) when applying it to the cost of goods being bought. In that respect it's more like gold, not cash.
Anyway, like I said, I'll dive into crypto currency when it's state backed and regulated and I can pay my taxes with it. But I don't think that's what its supporters want, and that's why I think it's a dead-end in its current form (and no, making a personal profit is not a sign that it is working or is something society wants or needs).
Also, gas fees are an obscene overhead no matter how one attempts to explain them. |
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| Lord Percy |
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Lord Percy
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| Pjay |
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Pjay
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| The Artist |
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The Artist
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Posted: 17:10 - 27 Mar 2021  Post subject: |
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| Lord Percy wrote: | Call it what you will but crypto is monopoly money until it becomes usable for paying taxes or performing central economic management tasks at the government level.
Sure, it serves a purpose to those who use it, but I cannot see the conceptual difference between this and any standard item being used as a tool of trade.
As you said meef, it's no different from stocks, shares, commodities etc which fluctuate in value. But none of those things have ever been granted the status of 'currency'. Also probably worth considering that there are not bitcoin-specific prices for things, i.e. in the non-crypto world people will say things like "oh you should buy that item in Farawayistan because your GBP will go further there", but, give or take a few chancers here and there, bitcoin is only ever translated back into current real-world value (usually USD value) when applying it to the cost of goods being bought. In that respect it's more like gold, not cash.
Anyway, like I said, I'll dive into crypto currency when it's state backed and regulated and I can pay my taxes with it. But I don't think that's what its supporters want, and that's why I think it's a dead-end in its current form (and no, making a personal profit is not a sign that it is working or is something society wants or needs).
Also, gas fees are an obscene overhead no matter how one attempts to explain them. |
You make a lot of assumptions about what crypto is supposed to be and what crypto users want and at the same time, you have no idea.
Very few people are gonna say that crypto is going to replace fiat currency which is what you seem to think crypto users think. |
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| notabikeranym... |
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notabikeranym...
Formerly known as
meef
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| Posted: 11:41 - 29 Mar 2021 Post subject: |
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| Pjay |
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Pjay
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| Posted: 19:26 - 29 Mar 2021 Post subject: |
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Oh he wont like that at all.
A mainstream financial powerhouse accepting crypto.
The horror.
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struan80 - I'll go first - satisfied tick 1 |
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Pjay
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| Posted: 19:38 - 29 Mar 2021 Post subject: |
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I bought a new laptop last week as it had a RTX3060 in it all for £1k.
It is truly great, very snappy and games look superb.
There is a problem though. It mines crypto (eth) at around 38MH/s, which is surprising as I assumed the 3060 would have the limiter on it, throttling the mining. It turns out the 3060 mobile GPU's are not limited at all.
Anyhow this means it will pay itself off in about a year if I just leave it turned on and leave it mining 24/7
No worries, I will leave that doing some mining and buy another for gaming and as I was so impressed with the 3060, I thought I would buy the upgraded RTX3070 model at just £300 more.
Well it came on friday and it too has been mining ever since.
Fuck gaming, I have a passive income of £2.5k a year now.
https://www.amazon.co.uk/ASUS-7-4800H-GeForce-Graphics-Windows/dp/B08BWWG5F4/ The 3070 is now out of stock.
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| Ribenapigeon |
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Ribenapigeon
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| Posted: 10:24 - 30 Mar 2021 Post subject: |
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| Pjay wrote: | I bought a new laptop last week as it had a RTX3060 in it all for £1k.
It is truly great, very snappy and games look superb.
There is a problem though. It mines crypto (eth) at around 38MH/s, which is surprising as I assumed the 3060 would have the limiter on it, throttling the mining. It turns out the 3060 mobile GPU's are not limited at all.
Anyhow this means it will pay itself off in about a year if I just leave it turned on and leave it mining 24/7
No worries, I will leave that doing some mining and buy another for gaming and as I was so impressed with the 3060, I thought I would buy the upgraded RTX3070 model at just £300 more.
Well it came on friday and it too has been mining ever since.
Fuck gaming, I have a passive income of £2.5k a year now.
https://www.amazon.co.uk/ASUS-7-4800H-GeForce-Graphics-Windows/dp/B08BWWG5F4/ The 3070 is now out of stock. |
They cost the best part of £1k. If you spot traded £1k for 1% per day five days a week for a year that would be £13290! |
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Pjay
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| Ribenapigeon |
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Ribenapigeon
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| Ribenapigeon |
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Ribenapigeon
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| Posted: 18:18 - 30 Mar 2021 Post subject: |
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| Lord Percy wrote: | Call it what you will but crypto is monopoly money until it becomes usable for paying taxes or performing central economic management tasks at the government level.
Sure, it serves a purpose to those who use it, but I cannot see the conceptual difference between this and any standard item being used as a tool of trade.
As you said meef, it's no different from stocks, shares, commodities etc which fluctuate in value. But none of those things have ever been granted the status of 'currency'. Also probably worth considering that there are not bitcoin-specific prices for things, i.e. in the non-crypto world people will say things like "oh you should buy that item in Farawayistan because your GBP will go further there", but, give or take a few chancers here and there, bitcoin is only ever translated back into current real-world value (usually USD value) when applying it to the cost of goods being bought. In that respect it's more like gold, not cash.
Anyway, like I said, I'll dive into crypto currency when it's state backed and regulated and I can pay my taxes with it. But I don't think that's what its supporters want, and that's why I think it's a dead-end in its current form (and no, making a personal profit is not a sign that it is working or is something society wants or needs).
Also, gas fees are an obscene overhead no matter how one attempts to explain them. |
So, let's say you had an employer and they offered you a bonus but the choice was between BTC, cash or company stock? I could see a way in for crypto to the normal personal finance area if companies started doing that. |
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Pjay
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| Posted: 18:49 - 30 Mar 2021 Post subject: |
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| Ribenapigeon wrote: | Have you thought of getting some Lego? |
I am much like The Artist when it comes to crypto, I long term buy what I like. It has worked out very well for me mostly. Even my most underperforming stack (BAT) has made me good gains.
Trading is piss easy, just use binance and play around with a high volume coin and try to buy the lows and sell the highs 
Use £50 or so, don't go learning with £5k, as it's simple to catch a bad run. Losing 50% means you need 100% gains to recover, losses are easy, gains are harder. Set Binance to trading view and 1 min candles and click the values to buy and sell from the order book, dont type them out.
Eth and Bitcoin are the main places to store your money, or you can bank it like someone that has a degree in something or other and get no interest.
The mining is new to me (well I mined some years ago) these days, as it just seems like a decent way to spend money that was dead in my bank account. I am now looking at either finding some GPU's or I may just buy some more laptops. They are a new model, so even after a couple of years mining, they will have a fairly good resale value.
Not a bad way to double your money for doing nothing.
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Pjay
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| Posted: 19:04 - 30 Mar 2021 Post subject: |
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Ribenapigeon
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| Posted: 12:53 - 31 Mar 2021 Post subject: |
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| Pjay wrote: |
Trading is piss easy, just use binance and play around with a high volume coin and try to buy the lows and sell the highs
Use £50 or so, don't go learning with £5k, as it's simple to catch a bad run. Losing 50% means you need 100% gains to recover, losses are easy, gains are harder. Set Binance to trading view and 1 min candles and click the values to buy and sell from the order book, dont type them out.
Eth and Bitcoin are the main places to store your money, or you can bank it like someone that has a degree in something or other and get no interest.
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I use Binance to watch the price. I use the trading screen with candles at 1min and the EMA lines set to 8, 13, 21, 55. What I struggle with is how to use the Buy and Sell boxes to make a spot trade at the price I see on the graph. I was going to start with £100 because it gives a good at a glance % performance. I do need to upgrade my laptop first though as I have an ssd that's been waiting to be put in and I want that out of the way before I go setting up a trading system. I agree using trading to stack crypto is a good idea but if I make any significant money then I think I would split between BTC and £. |
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Old Thread Alert!
The last post was made 3 years, 15 days ago. Instead of replying here, would creating a new thread be more useful? |
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