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Crypto lounge thread
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Sidney Crosby Offline
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Post: #276
RE: Crypto lounge thread
https://blokt.com/news/warren-buffett-co...10000-mark

Do you guys really think that Warren Buffett has that much influence? I would have thought that a lot of people would see him as an old goof that doesn't understand technology.
05-12-2018 03:37 PM
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Kentemo Offline
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Post: #277
RE: Crypto lounge thread
(05-12-2018 03:37 PM)Sidney Crosby Wrote:  Do you guys really think that Warren Buffett has that much influence? I would have thought that a lot of people would see him as an old goof that doesn't understand technology.

I do listen to him, just not when he talks about crypto. Buffett hasn't been big on technology in the first place.
Also his portfolio consists mainly out of major US banks, so he might have a conflict of interest against it.
I agree with the following interview: https://www.youtube.com/watch?v=RAvYvyj37UU

Funny to hear what he says next, but I wouldn't give his opinion any second thoughts regarding crypto.
(I know a lot of people agree with me, but I guess there will still be a lot of FUD from these kind of articles regardless).
(This post was last modified: 05-12-2018 05:23 PM by Kentemo.)
05-12-2018 05:17 PM
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True Balla Offline
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Post: #278
RE: Crypto lounge thread
I think the older people do take his words with more influence. A lot of the 35-40+ crowd still see crypto as very risky, speculative, and scammy. A guy like Buffet making the same remarks gives them reassurance to stay out. If Buffetts tune changed to 'invest in cryptocurrency' a lot of those guys would revaluate their opinions and look into the idea as well.
05-12-2018 10:46 PM
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Vincent Chase Offline
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Post: #279
RE: Crypto lounge thread
(04-26-2018 04:45 PM)gework Wrote:  Does anyone know any web/desktop (Linux) coin trackers that allow you to set alarms for percentage changes in a coin that they import from exchange accounts and wallets?

I use BitUniverse for mobile that does this. But I prefer to keep it switched off in the day to not get distracted.

Recently I bought into Decentraland, Kyber, Gifto and Golem and they all had big pumps that I would have sold out on, but I only caught one of them near it's peak, Kyber, which I cashed in today.

Delta has the application also for Linux. You could just use that. I'm not sure how good the import functions are, for the stuff I used like Coinigy they work pretty shit.

Overall best to build your own Excel spreadsheet with live prices, customise as you wish and build in any bells and whistles you need.
05-13-2018 04:07 AM
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[email protected] Offline
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Post: #280
RE: Crypto lounge thread
(05-12-2018 10:46 PM)True Balla Wrote:  I think the older people do take his words with more influence. A lot of the 35-40+ crowd still see crypto as very risky, speculative, and scammy. A guy like Buffet making the same remarks gives them reassurance to stay out. If Buffetts tune changed to 'invest in cryptocurrency' a lot of those guys would revaluate their opinions and look into the idea as well.

I'm 35 and I think it's risky NOT being in crypto. Of course, there a lot of guys who can't stand the volatility but overall the price of Bitcoin has gotten the attention of investors in the 35+ crowd. With nothing but terrible investment vehicles, many are looking for something that will give them riches
05-13-2018 06:37 AM
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Dvorak Offline
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Post: #281
RE: Crypto lounge thread
(05-13-2018 06:37 AM)[email protected] Wrote:  
(05-12-2018 10:46 PM)True Balla Wrote:  I think the older people do take his words with more influence. A lot of the 35-40+ crowd still see crypto as very risky, speculative, and scammy. A guy like Buffet making the same remarks gives them reassurance to stay out. If Buffetts tune changed to 'invest in cryptocurrency' a lot of those guys would revaluate their opinions and look into the idea as well.
I'm 35 and I think it's risky NOT being in crypto. Of course, there a lot of guys who can't stand the volatility but overall the price of Bitcoin has gotten the attention of investors in the 35+ crowd. With nothing but terrible investment vehicles, many are looking for something that will give them riches
A couple of years ago I was looking at crypto. One of the things that convinced me not to do it, was Buffet being negative about it. Has cost me a lot of (potential) money... Everyone makes mistakes and has blind spots.

Currently its mainly a younger crowd (20-40) throwing some play money at it.
The true money is with the 50+ crowd and with institutions (pension funds etc). Once banks start giving them an easy option to put some money in crypto, expect a big rise, will probably be into the big top-10 coins (BTC, ETH...). This will probably also provide more price stability.
Long-term, things are looking better than ever, though a big crash could still come any day still...

Luckily Novo keeps shilling:
https://www.ccn.com/almost-irresponsible...novogratz/
05-13-2018 08:18 AM
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JekyllAndHyde Offline
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Post: #282
RE: Crypto lounge thread
(05-13-2018 06:37 AM)[email protected] Wrote:  
(05-12-2018 10:46 PM)True Balla Wrote:  I think the older people do take his words with more influence. A lot of the 35-40+ crowd still see crypto as very risky, speculative, and scammy. A guy like Buffet making the same remarks gives them reassurance to stay out. If Buffetts tune changed to 'invest in cryptocurrency' a lot of those guys would revaluate their opinions and look into the idea as well.

I'm 35 and I think it's risky NOT being in crypto. Of course, there a lot of guys who can't stand the volatility but overall the price of Bitcoin has gotten the attention of investors in the 35+ crowd. With nothing but terrible investment vehicles, many are looking for something that will give them riches

Especially when a CFO of one of our largest banks quit to run a blockchain and crypto business based in the Cayman Islands and employs 200 people globally.

http://www.afr.com/brand/chanticleer/com...514-h100xd

https://stockhead.com.au/news/cbas-chief...-business/

The annoying crow who wanders around places looking for food and other birds.
05-14-2018 08:37 AM
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Sidney Crosby
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Post: #283
RE: Crypto lounge thread
(05-13-2018 08:18 AM)Dvorak Wrote:  
(05-13-2018 06:37 AM)[email protected] Wrote:  
(05-12-2018 10:46 PM)True Balla Wrote:  I think the older people do take his words with more influence. A lot of the 35-40+ crowd still see crypto as very risky, speculative, and scammy. A guy like Buffet making the same remarks gives them reassurance to stay out. If Buffetts tune changed to 'invest in cryptocurrency' a lot of those guys would revaluate their opinions and look into the idea as well.
I'm 35 and I think it's risky NOT being in crypto. Of course, there a lot of guys who can't stand the volatility but overall the price of Bitcoin has gotten the attention of investors in the 35+ crowd. With nothing but terrible investment vehicles, many are looking for something that will give them riches
A couple of years ago I was looking at crypto. One of the things that convinced me not to do it, was Buffet being negative about it. Has cost me a lot of (potential) money... Everyone makes mistakes and has blind spots.

Currently its mainly a younger crowd (20-40) throwing some play money at it.
The true money is with the 50+ crowd and with institutions (pension funds etc). Once banks start giving them an easy option to put some money in crypto, expect a big rise, will probably be into the big top-10 coins (BTC, ETH...). This will probably also provide more price stability.
Long-term, things are looking better than ever, though a big crash could still come any day still...

Luckily Novo keeps shilling:
https://www.ccn.com/almost-irresponsible...novogratz/

A lot of pension fund management places offer crypto investing. The only issue is the exorbitant managing fees that are over $110/month. Some places want a minimum investment of at least 50k. Right now it's framed as a speculative investment with no insurance backing, not something older folks want to invest in their twilight years. I'm sure once all the financial institutions get a good foothold into crypto and stabilize the fluctuations in price they will encourage mom and pops to come in for the meagrely 8% annual return.

To be honest, I don't want the boomers to get in on this. They already got rich off real estate, stocks, dot-coms. Let the millennials and gen Z have crypto as their get rich scam.
05-16-2018 10:59 AM
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AceP Offline
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Post: #284
RE: Crypto lounge thread
(05-16-2018 10:59 AM)[email protected] Wrote:  
(05-13-2018 08:18 AM)Dvorak Wrote:  
(05-13-2018 06:37 AM)[email protected] Wrote:  
(05-12-2018 10:46 PM)True Balla Wrote:  I think the older people do take his words with more influence. A lot of the 35-40+ crowd still see crypto as very risky, speculative, and scammy. A guy like Buffet making the same remarks gives them reassurance to stay out. If Buffetts tune changed to 'invest in cryptocurrency' a lot of those guys would revaluate their opinions and look into the idea as well.
I'm 35 and I think it's risky NOT being in crypto. Of course, there a lot of guys who can't stand the volatility but overall the price of Bitcoin has gotten the attention of investors in the 35+ crowd. With nothing but terrible investment vehicles, many are looking for something that will give them riches
A couple of years ago I was looking at crypto. One of the things that convinced me not to do it, was Buffet being negative about it. Has cost me a lot of (potential) money... Everyone makes mistakes and has blind spots.

Currently its mainly a younger crowd (20-40) throwing some play money at it.
The true money is with the 50+ crowd and with institutions (pension funds etc). Once banks start giving them an easy option to put some money in crypto, expect a big rise, will probably be into the big top-10 coins (BTC, ETH...). This will probably also provide more price stability.
Long-term, things are looking better than ever, though a big crash could still come any day still...

Luckily Novo keeps shilling:
https://www.ccn.com/almost-irresponsible...novogratz/

A lot of pension fund management places offer crypto investing. The only issue is the exorbitant managing fees that are over $110/month. Some places want a minimum investment of at least 50k. Right now it's framed as a speculative investment with no insurance backing, not something older folks want to invest in their twilight years. I'm sure once all the financial institutions get a good foothold into crypto and stabilize the fluctuations in price they will encourage mom and pops to come in for the meagrely 8% annual return.

To be honest, I don't want the boomers to get in on this. They already got rich off real estate, stocks, dot-coms. Let the millennials and gen Z have crypto as their get rich scam.

Boomers might be the ones who'll push the prices up tho. Or their kids will pick up their parent's slack for this generation's investment opportunities.
05-16-2018 04:16 PM
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[email protected] Offline
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Post: #285
RE: Crypto lounge thread
(05-16-2018 04:16 PM)AceP Wrote:  Boomers might be the ones who'll push the prices up tho. Or their kids will pick up their parent's slack for this generation's investment opportunities.

The way I see it, there is a fixed supply of Bitcoin and an unlimited supply of fiat from 50+ countries. As the fiat money supply increases, it will flow into crypto and push the price higher regardless of which group is investing, it's the people that get in last that have not much to gain (in this case, this will be risk-averse women).
05-16-2018 11:09 PM
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AceP Offline
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Post: #286
RE: Crypto lounge thread
(05-16-2018 11:09 PM)[email protected] Wrote:  
(05-16-2018 04:16 PM)AceP Wrote:  Boomers might be the ones who'll push the prices up tho. Or their kids will pick up their parent's slack for this generation's investment opportunities.

The way I see it, there is a fixed supply of Bitcoin and an unlimited supply of fiat from 50+ countries. As the fiat money supply increases, it will flow into crypto and push the price higher regardless of which group is investing, it's the people that get in last that have not much to gain (in this case, this will be risk-averse women).

Fair argument. So the time comes where Gold and the almighty Dollar merges digitally.
05-17-2018 07:33 AM
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redonion Offline
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Post: #287
RE: Crypto lounge thread
For the US guys out there - how averse are you to signing up on crypto exchanges that don’t allow people from the US?

One of my favorite exchanges, gate.io, recently announced that people from the US need to withdraw their funds and stop using the exchange. They asked if I was a US resident and I told them “no” even though I am. I’m also unverified on this exchange.

I’ve heard that some exchanges will behave this way in order to be compliant with US law, but they don’t actually enforce anything. However I’d like to figure out if the risk I’m taking by continuing to use this exchange is worth it.
05-17-2018 08:14 AM
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[email protected] Offline
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Post: #288
RE: Crypto lounge thread
(05-17-2018 08:14 AM)redonion Wrote:  For the US guys out there - how averse are you to signing up on crypto exchanges that don’t allow people from the US?

One of my favorite exchanges, gate.io, recently announced that people from the US need to withdraw their funds and stop using the exchange. They asked if I was a US resident and I told them “no” even though I am. I’m also unverified on this exchange.

I’ve heard that some exchanges will behave this way in order to be compliant with US law, but they don’t actually enforce anything. However I’d like to figure out if the risk I’m taking by continuing to use this exchange is worth it.

Exchanges don't want to comply with US laws and the SEC. If they serve US citizens they will have to be compliant, this is why they are trying to get rid of US customers. I don't think you can get into trouble, they are just trying to cover their ass legally.
05-17-2018 03:57 PM
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