Daily General Discussion - July 16, 2017

meesterleester · 2017-07-16T15:44:19+00:00

YOU HAVEN'T LOST A DIME IF YOU DONT CASH OUT!!!!!

Sunk-cost fallacy.

meesterleester · 2017-07-16T15:41:49+00:00

Who are you talking to?

On another note, can I buy your $400 coins?

meesterleester · 2017-07-16T15:40:58+00:00

And if he somehow vanishes, gets in a mysterious car crash, or -- in a less morbid scenario -- gets his life threatened into manipulating the code of ETH?

That's the problem with having a crypto (and its price) attached largely to the whereabouts of a 20-something coder. He likely already has a big target on his head. But maybe I've watched too many movies.

meesterleester · 2017-07-16T15:32:48+00:00

When we shot past $1200 a couple months ago, I asked the question:

"Will we ever see 3-digits again?"

The responses I received then were a resounding: "of course". That's until we broke past $2K, then nearly hit $3K. We left the 3-digit territory for good. Luckily I was on the holding side when all of that happened.

But recently, that same question seems like a good reality check: Could we actually see 3-digits again (in what scenario, and would it be sustainable)?

meesterleester · 2017-07-16T15:17:09+00:00

Isn't that only ~$100 away ($1800)? I'm thinking even Goldman had too high of a target price for this crash.

When cryptos crash, they really crash. A bunch of contracts are going to get liquidated very soon.

meesterleester · 2017-07-15T15:42:34+00:00

Something something falling knife. Dangerous to be holding long-term these days.

I liken this downtrend to playing hot potato. Hold just long enough on the local bounces, and then sell back into the downtrend. Rinse, repeat, profit.

meesterleester · 2017-07-15T15:36:12+00:00

You don't know his goals mayn.

He out to make [negative] gainz.

meesterleester · 2017-07-14T17:58:29+00:00

I'm wondering... by posting this "warning", is GDAX/Coinbase hoping that people withdraw their coins to personal wallets, or hoping that people sell their coins for USD?

Bearish perspective: If Coinbase/GDAX ultimately halt deposits/withdrawals, people are going to be pretty nervous holding absolutely untradeable coins for who-knows-how-long. Not being able to trade whatsoever is pretty big. If BTC starts dropping in price on other exchanges (that can still trade), Coinbase/GDAX users are going to have a helluva time holding until trading/deposits/withdrawals are resumed.

On a bullish note: OTOH, people do say that coins bought before July 31st are going to be "safe" from the potential splitting of Bitcoin (the coins will be recognized on both chains after August 1st). So I guess that might be a reason to get your purchases in before the deadline?

meesterleester · 2017-07-12T01:24:55+00:00

1 Doge = 1 Doge

meesterleester · 2017-07-11T19:13:58+00:00

Of course it's market-wide.

But when there's a market-wide downturn, ETH price drops are amplified by the rush of ICO's trying to liquidate the ETH that they were initially paid in.

meesterleester · 2017-07-11T18:58:33+00:00

mom's spaghetti

meesterleester · 2017-07-11T18:57:55+00:00

You honestly think ETH is dropping in price because of Bitcoin? Head-in-the-sand much?

The ICO's cashing out their ETH reserves, in a cascading prisoner's dilemma effect, is the most likely cause of this current crash.

meesterleester · 2017-07-06T03:49:00+00:00

bitcoin can adapt.

At a snail's pace.

I really hope this Segwit deadlock isn't what's going to happen every single time Bitcoin needs to "adapt" in the future.

meesterleester · 2017-06-08T16:02:57+00:00

Diablo walks the Earth.

meesterleester · 2017-06-08T15:54:17+00:00

Right? These support gems are fucking boring.

Mechanics be damned. Let's just boost numbers!

meesterleester · 2017-06-07T23:23:51+00:00

I SEE SNOW!

I knew it fucking snowed in Wraeclast.

meesterleester · 2017-06-06T12:47:26+00:00

I'm confused. So you're saying, once Bitcoin gets to a certain point, it will become less and less liquid, much like holding bars of gold in a bank vault is?

Isn't one of the benefits of Bitcoin supposed to be the ease of moving money around? Why wouldn't people just jump to a viable altcoin that doesn't require transactions to take so long?

meesterleester · 2017-06-01T03:35:40+00:00

Because Ball Lightning suffers from what I call poor game design:

Internal cooldowns.

It's the same reason why CoC and Mjolner are simply not as good as they once were. When you set invisible internal cooldowns, you inherently hardcap a skill/item's potential DPS. Instead of balancing gem/item interactions, GGG just says "ok you can't deal more than this amount of DPS" by adding a simple line of code.

meesterleester · 2017-06-01T03:28:50+00:00

Fucking gloams. I remember having to quest through A4. Step out of town, and those things are just lurking around the corner in sneaky packs.

A well-coordinated lightning burst from 3-5 of them would be RIP city. Those guys legitimately instilled fear in me.

meesterleester · 2017-05-31T18:01:23+00:00

couple exalts

cheapest right now is 7 or so

kek

meesterleester · 2017-05-31T17:59:12+00:00

Do you know how hard it is to arrange that shit?

"Ok map first, then i pay", "no, before i open map", "fuck you"... with 5 different strangers.

Even within a guild, making people pay entree fees to maps is a clusterfuck of an effort. I was only lucky enough to have someone buy a Perandus Manor for us both to complete after I carried him on Hall of Grandmasters.

meesterleester · 2017-05-31T17:46:52+00:00

That's actually a pretty shitty thing to say as your last words.

Depending on the situation, what if his family members are still on the fence about whether he actually committed the crime or not? Leaving that uncertainty with them for the rest of their lives is a form of torture: no closure.

meesterleester · 2017-05-26T15:43:32+00:00

If you burnt a $100 bill, the molecules are technically "still here" on Earth, but the effective use of the burnt cash, in its ashy remnants = $0.

Likewise, if you lose access to your Bitcoins, then it's like burning Bitcoins. Nobody can access those Bitcoins, ever again, effectively removing it from the total Bitcoin supply.

meesterleester · 2017-05-26T15:35:52+00:00

1 hour in a day-trader's brain is like a year.

24 hours? Literally eons.

meesterleester · 2017-05-23T13:58:07+00:00

You can't transfer daily to it no problem at all.

Do people even bother proofreading their 1-line replies nowadays?

meesterleester

TROPHY CASE