Bitcoins are officially donkdown

[Salty_Aus]

Bank just pulled Cryptopia's account, users have until Feb 9 to fuck off.

Banks are claiming they are doing this to avoid money laundering and other criminal activities, this is nothing but an excuse.
It's harder to get cash out of Cryptopia then it is to open a bank account in regard to identification.

I noticed today that all of the alt coins I'm holding on Cryptopia all made nice gains, you can still trade all coins but simply can't receive NZD or deposit NZD.

Cryptopia is ripping people off blind. They don't charge huge fees to trade, but whn you want to take your coins off their site they charge a ridiculous "exit fee" which is totally dependent on which alt coin you want to take off their site. in BTC it's about $20AUD, ETH it's about $10AUD just to take your coins elsewhere.
I figured a way to bypass it though, swap all coins for dogecoins and they only sting you 3 DOGE to exit. (about $0.02AUD)

Funny how the joke coin has become so useful.

[Salty_Aus]

Thing is, owning BTC or any other cryptocoins is not going to equal money in your pocket regarding future use of blockchain.

Whoever monetizes this technology will do it themselves. As in, if a bank decides to use this tech for credit or debit cards they will do it with their own custom proprietary software.

Or these companies will buy the current crypto companies or partner with them instead.
Nobody knows for sure, it's a gamble ,but blockchain 100% will used going forward.

Here is a 2 min video on icon website showing one use of blockchain. Give it the full 2 minutes and then tell me insurance companies are not gonna use this? Or Dr's?

https://www.icon.foundation/contents...roduce?lang=en

100% they will not partner up with anybody, they will simply use the technology themselves.

Banks are fucking greedy dude, why pay someone when the technology is out there and free?

[big dick]

People buying up today's crypto, stating, "This is the future! I've got to get in on the ground floor!" make about as much sense as someone who bought up thousands of Betamax VCRs in the early 1980s, stating that they would be the future of watching television.

Even though the concept of recording television shows was indeed revolutionary and changed the way television entertainment was viewed, anyone who hoarded the earliest technology (believing it to be more valuable later) would have gotten destroyed.

I don't doubt that blockchain technology will have use in the future, and I believe cryptocurrency isn't gong away. However, all forms we see today will not be long term players, and people in 2030 will be laughing at fools in 2018 who thought bitcoin were going to be eternally valuable.

Im gonna buy and keep buying and hope i'm correct.
Blockchain is a lot more complex and useful than a vcr

[Salty_Aus]

People buying up today's crypto, stating, "This is the future! I've got to get in on the ground floor!" make about as much sense as someone who bought up thousands of Betamax VCRs in the early 1980s, stating that they would be the future of watching television.

Even though the concept of recording television shows was indeed revolutionary and changed the way television entertainment was viewed, anyone who hoarded the earliest technology (believing it to be more valuable later) would have gotten destroyed.

I don't doubt that blockchain technology will have use in the future, and I believe cryptocurrency isn't gong away. However, all forms we see today will not be long term players, and people in 2030 will be laughing at fools in 2018 who thought bitcoin were going to be eternally valuable.

Im gonna buy and keep buying and hope i'm correct.
Blockchain is a lot more complex and useful than a vcr

I think you're missing the point.

This technology is open source and free to utilize however you wish.

[handicapme]

People buying up today's crypto, stating, "This is the future! I've got to get in on the ground floor!" make about as much sense as someone who bought up thousands of Betamax VCRs in the early 1980s, stating that they would be the future of watching television.

Even though the concept of recording television shows was indeed revolutionary and changed the way television entertainment was viewed, anyone who hoarded the earliest technology (believing it to be more valuable later) would have gotten destroyed.

I don't doubt that blockchain technology will have use in the future, and I believe cryptocurrency isn't gong away. However, all forms we see today will not be long term players, and people in 2030 will be laughing at fools in 2018 who thought bitcoin were going to be eternally valuable.

Im gonna buy and keep buying and hope i'm correct.
Blockchain is a lot more complex and useful than a vcr

Becareful dude Blockchain does not equal cryptocurrency... the final stage or one of the final stages which will be widely used has most likely not been created or has but is not widely known and the "currency" backing it will not be one of the main ones (except maybe ETH). I made some money trading in and out but I'm taking my profit and I'm out. Buying fins and going longer crude.

[sonatine]

searching at dice.com:

database jobs
15,387 positions

Python Developer jobs
32,015 positions

tech support jobs
37,817 positions

blockchain jobs
134 positions

draw your own conclusions.

[chinamaniac]

People buying up today's crypto, stating, "This is the future! I've got to get in on the ground floor!" make about as much sense as someone who bought up thousands of Betamax VCRs in the early 1980s, stating that they would be the future of watching television.

Even though the concept of recording television shows was indeed revolutionary and changed the way television entertainment was viewed, anyone who hoarded the earliest technology (believing it to be more valuable later) would have gotten destroyed.

I don't doubt that blockchain technology will have use in the future, and I believe cryptocurrency isn't gong away. However, all forms we see today will not be long term players, and people in 2030 will be laughing at fools in 2018 who thought bitcoin were going to be eternally valuable.

Obviously nobody knows what is going to be good yet because we are still in the early stages of this. And it is probably likely that a lot of these Cryptos will not be around after a certain period of time. But that does not mean that it is foolish to gamble with this stuff (unless someone is not educated).

Anyone just blindly buying up anything and everything to "get in on the ground floor" is a moron and will get destroyed. It works the same with most markets that you can gamble in. Just like the people who used to join the biggest games on Full Tilt poker so they could sit with Phil Ivey were foolish too. To expand on the poker analogy how many skins did you play on back in the day that are no longer around now? It will probably be similar with Crypto. Anyone who can critically think can see this but there are always going to be fish who don't and they will get severely owned.

On the other hand there are people who are using what they deem "good" information to try and find the next Nintendo or Apple or however you want to describe it and while trying to find these gems they are making easy scores from the thousands into the millions based off of good information or just pure logic.

Not everything is going to last and people are going to get slaughtered that are sinking big money into this and not pulling any out. Bitcoin may be one that gets slaughtered but here we are almost 10 years later and it is still trading at 5000 x what it was when it started getting somewhat popular. Bitcoin may go donkdown some day but you can't deny the project has been wildly successful up until this point and has led to the current crypto boom we are in now.


This is going to be similar to poker in a sense that a very very high % of people playing the crypto game are going to get crushed and the more educated/ disciplined and knowledgeable and in some cases lucky people are going to do very well.

[Mintjewlips]

Meanwhile, the American trucking association says the industry needs to hire 90k drivers year just to meet demands and is currently short 50k, and the projected 10 year growth is 5% in jobs




Yes.....learn to code.....

[sonatine]

Meanwhile, the American trucking association says the industry needs to hire 90k drivers year just to meet demands and is currently short 50k, and the projected 10 year growth is 5% in jobs




Yes.....learn to code.....

Someone needs to write the AI thats going to fill those roles.

[BetCheckBet]

26 mins into episode great interview with creator of dogecoin

http://www.cbc.ca/radio/spark/382-yo...bble-1.4502508

[big dick]

Regardless of what you think the crypto market will do years from now im nearly certain that ETHOS will spike in price end of q1 when this wallet is released, so if you think the tech is bullshit or the market is bullshit you can just sell after release of wallet but imo this is a winner. Here is a breakdown of what ETHOS is going to do.
I plan to hold longterm

https://www.altcoinss.com/news/news-...nager?uid=7401


READ THIS ALSO

https://www.reddit.com/r/ethos_io/co..._timelineread/

[big dick]

People buying up today's crypto, stating, "This is the future! I've got to get in on the ground floor!" make about as much sense as someone who bought up thousands of Betamax VCRs in the early 1980s, stating that they would be the future of watching television.

Even though the concept of recording television shows was indeed revolutionary and changed the way television entertainment was viewed, anyone who hoarded the earliest technology (believing it to be more valuable later) would have gotten destroyed.

I don't doubt that blockchain technology will have use in the future, and I believe cryptocurrency isn't gong away. However, all forms we see today will not be long term players, and people in 2030 will be laughing at fools in 2018 who thought bitcoin were going to be eternally valuable.

Who made the VCRs? Would you have made money had you invested in the company that made them? Im thinking you mita made a few bucks had you invested in them in say 1982.

[DonaldTrumpsHairPiece]

[RS_]

Damn, sure must'a pissed of sonatine in order for him to make up a fake quote about me and put it in his signature. LOLOL. Go outside once a week or so sonatine, it's good for you.

[sonatine]

Damn, sure must'a pissed of sonatine in order for him to make up a fake quote about me and put it in his signature. LOLOL. Go outside once a week or so sonatine, it's good for you.

Ohhhhh I see what happened, the guy who PM'd it to me didnt quote it right. That's totally from someone else.

[Brittney Griner's Clit]

Damn, sure must'a pissed of sonatine in order for him to make up a fake quote about me and put it in his signature. LOLOL. Go outside once a week or so sonatine, it's good for you.

I don't understand the point of doing classic dupe shit like making typos if two seconds later you are going to know everyone.

[RS_]

Ohhhhh I see what happened, the guy who PM'd it to me didnt quote it right. That's totally from someone else.

Touche. I forgive you.

I don't understand the point of doing classic dupe shit like making typos if two seconds later you are going to know everyone.

What?

[sonatine]

https://www.nytimes.com/2018/01/31/t...oin-price.html

 

A growing number of virtual currency investors are worried that the prices of Bitcoin and other digital tokens have been artificially propped up by a widely used exchange called Bitfinex, which has a checkered history of hacks and opaque business practices.

 

[Sanlmar]

It appears to be the end of the road for cryptocurrencies in India.

Finance minster Arun Jaitley, in his budget speech today (on Feb. 01), stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India. He reiterated that India does not recognise them as a legal tender and will instead encourage blockchain technology in payment systems.

[sonatine]

Dear Coinbase Customer

We’re writing because you have a credit card on file and want to inform you of a recent change that may increase the cost of purchasing digital currency with a credit card.


Recently, the MCC code for digital currency purchases was changed by a number of the major credit card networks. The new code will allow banks and card issuers to charge additional "cash advance" fees. These fees are not charged or collected by Coinbase. These additional fees will show up as a separate line item on your card statement.

so yeah if im reading this right, coinbase is now processing all credit card transactions as cash advances.

which of course have higher aprs in addition to being more expensive now.