Baltic Oil Terminals Share Discussion Threads

[tpaulbeaumont] 13/12/2017 06:00

its the alt coins this week! the very definition of funny money :P

Anyone have any valid valuation metrics they wish to share?

Anyone proved their prescience in identifying previous high/low turning points in advance, and thus that their target prices are anything more than meaningless numbahs pulled out the air?

lol

[mcbeanburger] 12/12/2017 22:11

spad is just upset cause i popped on his vid

[spadman] 12/12/2017 20:40

Yes China I think McGenius boy was also mining that LOL

[eriktherock] 12/12/2017 19:53

It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.

[chinahere] 12/12/2017 19:48

Wasn't there also 'StartJoin' or 'StartCoin' or something?

[mcbeanburger] 12/12/2017 19:43

there's that lap dog nipping my ankle again.

[spadman] 12/12/2017 19:34

McBeanburger28 Jan '14 - 17:41 - 1102 of 3424
0 0 0


second half - new alt coin the MAX coin lol.

did well with RPC might buy some.


McBeanburger5 Feb '14 - 20:11 - 1163 of 3424
0 0 0
i'm going to mine MAX Keiser coin which comes out tonight - only allowing cpu miners to start.

its getting loads of hype

woof woof


McBeanburger8 Feb '14 - 11:22 - 1185 of 3424
0 0 0
btc market was waiting for something to take it down - any excuse will do. i'll say around 645ish - too much mo mo for 200.

maxed-out coin, might get some now. its all the same at first no supply then there's loads of supply. just have to find the optimal tipping point.

McBeanburger9 Feb '14 - 23:13 - 1195 of 3424
0 0 0
love max - he's great! missed buying his coin though - will soon though. who doesn't like 80% gains. spud of course caz he does this for love. woof woof.

meanwhile the slow decline continues, reckon its going to drop out the channel before too long.



OOOPS

[spadman] 12/12/2017 19:07

He mentioned miniscule market, I thought you'd appreciate it. Didn't realise you were on the wrong side of another bitcoin trade :(

Did you buy max coin?

[mcbeanburger] 12/12/2017 19:02

kieser - snake oil salesmen. i remember the max kieser coin ... he soon dump that not before pumping it endlessly. now never mentions it. enough said.

his agruments are the same as the gold bugs... this will never happen.

[spadman] 12/12/2017 17:20

mcbean watch this 6.08 hehe

[mcbeanburger] 12/12/2017 16:48

bought some neo - china's eth

[mcbeanburger] 12/12/2017 16:30

eth now taking off. zec not far behind. come on xmr you know you want to.

bch... bah

[eriktherock] 12/12/2017 16:18

Jamski68, McBeanburger is a smart cookie. Not always right, of course. Well done on the LTC trade.

[uppompeii] 12/12/2017 16:10

Well when I said I wish I still had my litecoin from a few months ago, I mean only to sell it now of course...

[jamski68] 12/12/2017 16:03

Just got out of 80% of my LTC holding, bought at around $60 so not bad

[onedayrodders] 12/12/2017 16:01

fyi

"It's In The Mania Phase": Securities Regulator Warns That "Mortgages Are Being Taken Out To Buy Bitcoin"


"You're on this mania curve. We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines. This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college ought to be invested in."

[uppompeii] 12/12/2017 15:54

Haven't seen these sort of days since the late 90s.Crazy.It's interesting that similar arguments about tech not being a speculative binge are all over the internet in defence of cryptos.Who knows whether it's the case and interesting conflict of views on here.Clearly none are currencies as the basic setting of price is impossible. But perhaps a few will become so.In the meantime I'll make some money without trying to fall in love (like I did with a few lemons back then).Maybe I can't see the wood for the trees but I have been through some crashes and seeing paper profit disappear is a great leveller about attitude to new risk.Wish I'd held my ASOS from 3p and AHT from 5p though....even though I took a good turn on them.Actually I wish I still had my LTC from a couple of months ago!

[mcbeanburger] 12/12/2017 15:04

infact I would unload all of it.

[jamski68] 12/12/2017 15:02

McB - indeed! I'm thinking to take some off the table...

[mcbeanburger] 12/12/2017 14:58

crazy crazy

[steve73] 12/12/2017 03:01

no dice 11 Dec '17 - 17:11 - 3399 of 3408 0 0

As I said I'm just not the tin foil hat wearing type; I'm more aligned with this quote from Warren Buffet:

"In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497."

That sentiment may not work for everyone but it works for me.

>>>>>>>>>>>

This quote PERFECTLY demonstrates why the USD (or any fiat currency) is worthless. (edit.. becoming worthless is a better phrase).

If you had $66 when the Dow was at 66, and you kept it as $ it would now be worth exactly $66. (if you had entrusted it to a bank, it may have appreciated a little from annual interest). But by buying the Dow at 66, you now have 11,497 $$s worth. (actually almost 25,000 as of today). By investing those $$ in something other than $US you have "gained" from the $$ demise. You could equally have bought land or property, and be seeing a similar apparent "gain".

The USD is currently assumed to be the reference currency against which the gains or losses of all other currencies are measured, whilst its own demise is largely obscured from its own citizens who are thankful for their pay-rises.

In the future, it may be that Bitcoin becomes the unofficial reference currency against which all fiat currencies are measured.

This is likely to be opposed by all governments since it would clearly demonstrate their emperor (who has no clothes) status.

[compoundup] 11/12/2017 23:05

No dice - I make no counter argument against paper fiat and credit cards having greater utility than Bitcoin here and now. The "means of exchange" and "unit of account" attributes of crypto currency have not yet been realised. That does not mean that they are not coming.

If your investigations here are bearing any fruit it might be that Bitcoin is not a fad and that it is being scaled up to improve upon more of the attributes of conventional fiat money to the point where state controlled currency will only be useful for spending.

The EMV business model (Visa, etc) will be swept away when shop owners vote for trivial transaction costs and instant settlement rather than pay high fees, wait for days and still face the possibility of charge backs.

[hpcg] 11/12/2017 22:55

There is no adoption SPADman, indeed adoption is going in reverse as Steam had to stop selling software with it because they were unable to set a price. It is completely non-functional as a currency, but 100% functional as a speculation. Personally I am looking to short the roll over after the sequence of overboughtness on the 1 minute chart comes off. I might also be interested in going long tomorrow if they try it again for a third day.

[spadman] 11/12/2017 21:46

Fair enough but a couple of points, use Aristoltles definition of money. Look at the "market cap" of Gold or M3 USD.

Because Bitcoin is finite the USD price per Bitcoin thousand mili bitcoin or 100 million satoshi may not be a bubble but may in fact be a function of adoption.

Im suggesting there is a possibility you are confusing adoption with mania, are smart phones a mania? If you looked at the exponential growth curve in adoption you would certainly think smart phones were a bubble.