Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin)

[acegooner]

China is turning against cryptocurrencies



https://www.economist.com/blogs/graphicdetail/2017/10/daily-chart-0?fsrc=scn/tw/te/bl/ed/

It's not turning against them at all. In fact they are probably the leader in terms of regulation and future implementation.

Somehow that blue line is mis-leading but I don't yet know why. Possible reasons could be that exchanges offered vig free trades in China meaning bots just continuously passed money to each other.

Two things about China, firstly like India the economy is subject to vast swathes of corruption and secondly the Chinese have been burnt before in other asset bubbles such as property and the stock market, which may be one reason the government is looking at putting a lid on future ICO's

The Chinese are heavily leveraged, and the last thing the government wants is people taking out loans etc to fund the purchase of crypto currencies. Personally, I wouldn't trust an ICO that appeared out of many parts of Asia as far as I could throw it.

[lucky_scrote]

China is turning against cryptocurrencies



https://www.economist.com/blogs/graphicdetail/2017/10/daily-chart-0?fsrc=scn/tw/te/bl/ed/

It's not turning against them at all. In fact they are probably the leader in terms of regulation and future implementation.

Somehow that blue line is mis-leading but I don't yet know why. Possible reasons could be that exchanges offered vig free trades in China meaning bots just continuously passed money to each other.

Two things about China, firstly like India the economy is subject to vast swathes of corruption and secondly the Chinese have been burnt before in other asset bubbles such as property and the stock market, which may be one reason the government is looking at putting a lid on future ICO's

The Chinese are heavily leveraged, and the last thing the government wants is people taking out loans etc to fund the purchase of crypto currencies. Personally, I wouldn't trust an ICO that appeared out of many parts of Asia as far as I could throw it.

OMFG!!!

I agree

[Doobs]

http://woobull.com/data-visualisation-118-coins-plotted-over-time-this-is-why-hodl-alt-coin-indexes-dont-work/

Isn't this akin to saying we should buy high sell low?  Past ourperformance is a pretty bad indicator of future performance in in more standard investments.

I get a bit nervous when shares do really well.  I accept this is fairly non standard, as most people flap when they lose.  I am sure I have it the right way round though.

[rfgqqabc]

This is a conversation between two friends of mine; Chris Dixon, partner at Andreessen Horowitz, and Fred Ehrsam, co-founder of Coinbase.

It is excellent. I highly recommend it, particularly for those that want to make sense of crypto and what is happening in this market.

https://soundcloud.com/a16z/cryptocurrencies-networks-tokens

Credit to Fred Wise and his blog which can be found here; http://avc.com

------

Bit of a followon to Doobs

https://medium.com/@cburniske/cryptoasset-valuations-ac83479ffca7

[RED-DOG]

This is a conversation between two friends of mine; Chris Dixon, partner at Andreessen Horowitz, and Fred Ehrsam, co-founder of Coinbase.

It is excellent. I highly recommend it, particularly for those that want to make sense of crypto and what is happening in this market.

https://soundcloud.com/a16z/cryptocurrencies-networks-tokens

Credit to Fred Wise and his blog which can be found here; http://avc.com

------

Bit of a followon to Doobs

https://medium.com/@cburniske/cryptoasset-valuations-ac83479ffca7

What is AVC?

[TightEnd]

Warnings grow louder over cryptocurrency as valuations soar https://amp.theguardian.com/technology/2017/oct/08/cryptocurrencies-bitcoin-ethereum-bubble

[acegooner]

Warnings grow louder over cryptocurrency as valuations soar https://amp.theguardian.com/technology/2017/oct/08/cryptocurrencies-bitcoin-ethereum-bubble

This sort of thing will fall on deaf ears for those that have fallen for the great crypto con trick. Like in poker being results orientated only carries any credence if you are making +ev decisions.

How do you measure the equivalent of EV in crypto currencies, the answer is you can't. And for that reason I am out until they correct to more sensible levels.

[EvilPie]

Warnings grow louder over cryptocurrency as valuations soar https://amp.theguardian.com/technology/2017/oct/08/cryptocurrencies-bitcoin-ethereum-bubble

This sort of thing will fall on deaf ears for those that have fallen for the great crypto con trick. Like in poker being results orientated only carries any credence if you are making +ev decisions.

How do you measure the equivalent of EV in crypto currencies, the answer is you can't. And for that reason I am out until they correct to more sensible levels.

You're going to wait until they start going down before investing. Smart move 

If you're talking long term investment then I get what you're saying but for now as they keep soaring punters' gonna punt.

[Longines]

Good read on blockchains: https://singularityhub.com/2017/10/08/building-the-blockchain-to-end-all-blockchains/amp/

[Doobs]

This is a conversation between two friends of mine; Chris Dixon, partner at Andreessen Horowitz, and Fred Ehrsam, co-founder of Coinbase.

It is excellent. I highly recommend it, particularly for those that want to make sense of crypto and what is happening in this market.

https://soundcloud.com/a16z/cryptocurrencies-networks-tokens

Credit to Fred Wise and his blog which can be found here; http://avc.com

------

Bit of a followon to Doobs

https://medium.com/@cburniske/cryptoasset-valuations-ac83479ffca7

What is AVC?

A Venture Capitalist I guess.

He isn't called Fred Wise, and Horowitz and Ehrsam are his friends and not friends of rfgqqabc.  At least that is what it looks like if you read the blog.

[rfgqqabc]

This is a conversation between two friends of mine; Chris Dixon, partner at Andreessen Horowitz, and Fred Ehrsam, co-founder of Coinbase.

It is excellent. I highly recommend it, particularly for those that want to make sense of crypto and what is happening in this market.

https://soundcloud.com/a16z/cryptocurrencies-networks-tokens

Credit to Fred Wise and his blog which can be found here; http://avc.com

------

Bit of a followon to Doobs

https://medium.com/@cburniske/cryptoasset-valuations-ac83479ffca7

What is AVC?

A Venture Capitalist I guess.

He isn't called Fred Wise, and Horowitz and Ehrsam are his friends and not friends of rfgqqabc.  At least that is what it looks like if you read the blog.

Yeah your right Doobs. AVC is Fred Wilson's site, where I found the post/interview originally. In retrospect, I should have included the title at least.

"Audio Of The Week: Why Crypto Tokens Matter"

AVC has an about page Red which should help. It came highly recommended to me from several sources and this was one of the first posts i got to.

[lucky_scrote]

Warnings grow louder over cryptocurrency as valuations soar https://amp.theguardian.com/technology/2017/oct/08/cryptocurrencies-bitcoin-ethereum-bubble

This sort of thing will fall on deaf ears for those that have fallen for the great crypto con trick. Like in poker being results orientated only carries any credence if you are making +ev decisions.

How do you measure the equivalent of EV in crypto currencies, the answer is you can't. And for that reason I am out until they correct to more sensible levels.

I wish you could be a little more constructive with your posts because I would like to learn from yourself. I do genuinely believe crypto is going to have multiple crashes but I don't think the instigator will be because it's overvalued at all.

What sort of price would you buy in at if/when it crashes?

[TightEnd]

Despite the recent tumble, there is a very good argument to carry on investing in crypto-currencies http://bit.ly/2y6o3GG

[SuuPRlim]

 

[cambridgealex]

Didn't take long for you to recover lasts nights apprentice losses

#bitcoin5k