Cryptocurrencies

Bartholomew said:

Anybody here use Coinrule.io ?

I signed up, created a trading "bot"/rule on a demo account and let it loose and I am up 11% in a day. So obviously I'll monitor it over a couple of weeks or so but if the growth is there and it works why wouldn't I use it? My research suggests there is nothing dodgy about them and it is all above board.

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It's like betting red/black on roulette and the house gets green. You might get lucky in the short term but the house always wins in the long run.

By paying them a fixed monthly lateral movement becomes costly.

dabean said:

It's like betting red/black on roulette and the house gets green. You might get lucky in the short term but the house always wins in the long run.

By paying them a fixed monthly lateral movement becomes costly.

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What is your suggestion? Have any ideas of your own to turn profit?

I use paranormal apps but there's risk of miscommunication and obsessions. Lately been obsessed with the moon. It's no joke.

dabean said:

It's like betting red/black on roulette and the house gets green. You might get lucky in the short term but the house always wins in the long run.

By paying them a fixed monthly lateral movement becomes costly.

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Well it's my "own" rules checking for MA, RSI and price values, so its as much of a gamble as regular trading.

My question is regarding the platform: execution speed, reliability, hidden costs etc

biometrics said:

Read above, the US Treasury is going to kill off crypto as they believe transactions (vs speculation) is mostly used for crime. Sell while you can.

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This post certainly aged well.

Now that Tesla and MasterCard as both in it.

Crypto isn’t going anywhere, if anything fiat is doomed.


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biometrics said:

This is what gets me. Normally intelligent people thinking they can get rich from nothing. Where will all this money come from to pay these millions of new rich?

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You do realise it’s funded by people buying it right?

The money comes out of the pockets of those jumping on the wagon.

It doesn’t appear out of thin air…unlike normal currency which is simply printed when they feel like it.

Your statement about normally intelligent people buying into crypto should actually be the reverse asking why normally intelligent people like yourself support the current money printing machine system.


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Cryptodrones, sigh.

biometrics said:

Do adults respond like this if you're not into crypto? This is from a colleague.

"Have fun staying poor ..."

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It’s a bit of a meme, but has its roots in the vision that crypto is the future and when everyone else finally gets on the wagon (much like the wagon itself in its early adoption) the early adopters will be right at the for being believers.

I’m going to have a good chuckle in 10 years or less when you need to convert your near worthless fiat currency to crypto having missed the boat and needing to start at the bottom, but having no choice but to admit your wrong while still seething with this illogical hatred.


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SauRoN said:

It’s a bit of a meme, but has its roots in the vision that crypto is the future and when everyone else finally gets on the wagon (much like the wagon itself in its early adoption) the early adopters will be right at the for being believers.

I’m going to have a good chuckle in 10 years or less when you need to convert your near worthless fiat currency to crypto having missed the boat and needing to start at the bottom, but having no choice but to admit your wrong while still seething with this illogical hatred.


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Sounds like a cult. Must be a cult.

biometrics said:

Tulips actually are useful for something. Also the criminal underground don't use tulips to pay each other. Dark web, ransomware... all require BTC. And don't get me started on the fact that it is a huge global polluter and contributor to global warming.

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You say that almost like criminals don’t use cash to pay each other in many multiples more than they do crypto.

The USD is the most money laundered currency on the planet and if I remember correctly right behind it is gold but that works a bit differently.

Crypto is actually very far down the chain.

Also, in a modern more sustainable world the very same global warming is what powers the mining by the magic of the sun. Beyond that this is a short term problem and mostly disappears when the last Bitcoin is mined. It also doesn’t universally apply to all crypto.

Besides every week someone does new research and either claims in alarm it’s a catastrophe or on the flip side it’s not a problem at all and not nearly the impact everyone original assumed it was.

biometrics said:

Cryptodrones, sigh.

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So you are not reversing on your claim that it’s going to die in the very near future now that the big boys are on the wagon?

*****

Also my apologies it’s not meant to be a drone. Just haven’t been on here in a while so responding to old shit now.

biometrics said:

Sounds like a cult. Must be a cult.

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Like anything there are always elements of fanaticism.

And yes some people could certainly take it that far.


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Bartholomew said:

Anybody here use Coinrule.io ?

I signed up, created a trading "bot"/rule on a demo account and let it loose and I am up 11% in a day. So obviously I'll monitor it over a couple of weeks or so but if the growth is there and it works why wouldn't I use it? My research suggests there is nothing dodgy about them and it is all above board.

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Looks pretty interesting but I don’t like the very expensive monthly cost model.

Would have preferred a percentage of profit models for starters which then becomes a monthly model at higher volume or some such.

Which rule did you choose to make 11%?


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SauRoN said:

This post certainly aged well.

Now that Tesla and MasterCard as both in it.

Crypto isn’t going anywhere, if anything fiat is doomed.


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Except that on this hypothesis of the value of any given cryptoasset operating as a currency (with Bitcoin being the standard bearer), the crypto is a commodified token overlay on top of fiat.

Paul Hjul said:

Except that on this hypothesis of the value of any given cryptoasset operating as a currency (with Bitcoin being the standard bearer), the crypto is a commodified token overlay on top of fiat.

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My point was rather that it gets more legitimacy with the big investors getting into the game and therefore has little chance of going away at this point.

Also in time we might find that Bitcoin becomes the standard upon which other cryptos are the commodified token overlay, especially considering its underlying issues as a transactional system.

I kind of see the USD converting to Bitcoin in one way or another and all the rest being offset against it much like we see today.

I don’t really see a one world currency happening, there is simply too much dissent, but if they are all backed by Bitcoin it’s kind of one and the same.

I am, however by no means an expert.

****

I always find this chart fascinating and I wonder what will happen when it hits 1:1 and if that will be the major turning point.


On the other hand, it’s just a silly chart.

I mean we’ve just had our first case of a soccer player contracting to he paid in Bitcoin. How far are we from being paid in BTC ourselves? Buying cars and groceries and such using crypto?

I mean the moment I’m getting paid in BTC what is the relevance of fiat currencies to me any longer?

Of course the volatility would need to settle down. But then again as South Africans in the last few years it’s almost a safer bet than the bloody Rand, even now.

SauRoN said:

Which rule did you choose to make 11%?

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An "optimised MA" rule I found on a blog post. It's currently sitting at -2%

I reckon once you pay and more rules become available you'll do better. I have another rule going which takes smaller profits more frequently. Staying invested in BTC will probably make you more though.

satanboy said:

Musk loses $15 billion in a day after Bitcoin warning

Elon Musk is no longer the world’s richest person after Tesla Inc shares slid 8.6% on Monday, wiping $15.2 billion from his net worth.

businesstech.co.za

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Tesla makes 1% of the world's cars but has bubbled to be worth more than nearly the top ten car manufacturers. It won't last. Tesla = Bitcoin now.

Has anyone invested in Fantom coin?

satanboy said:

Musk loses $15 billion in a day after Bitcoin warning

Elon Musk is no longer the world’s richest person after Tesla Inc shares slid 8.6% on Monday, wiping $15.2 billion from his net worth.

businesstech.co.za

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What a tool. He farts and the price of air freshener goes up yet he thinks questioning BTC levels won't have an effect