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Posted on 12/22/17 at 11:33 am to AUtigerNOLA
Another wild roller coaster of a morning. I hope some of you guys got in at the dip this morning. Almost everything is down and it's time to BUY! I picked up some more ETH and used that to move into NEO for the start of 2018. Hopefully it pays off.
Posted on 12/22/17 at 11:34 am to AUtigerNOLA
quote:
Yeah and people need to be cautious of what they are putting into these. Shouldn't go in with money you aren't willing to lose. Extremely volatile market.
This. IMO, these cypotocurrencies are at the tail end of their run. It seems when something like this becomes common conversation that a crital mass of people are aware of, it has already had its run, the institutional and large investors have made their money, and the little guy that jumps in late is left holding the bag. That is what I see here.
Ftr I also do not see cryptocurrency ever being a seriously significant medium of exchange that is generally accepted. I Think it is just a pump and dump investment that has now been pumped and is being dumped by those with significant stakes/institutional investors.
Just my 2 cents that could very well be wrong.
Posted on 12/22/17 at 11:36 am to Tiger n Miami AU83
Another issue I see is a diluted and fragmented market at this point.
Think baseball cards circa the early 90s
Think baseball cards circa the early 90s
Posted on 12/22/17 at 11:40 am to Tiger n Miami AU83
Wut? Digital currency WILL be the way international, and ecommerce transacts in the future. We are basically the US around 1850 right now. We suspect gold in the Rockies, but haven’t even mapped the area yet. We are just hearing things from trappers. The market is shaky as it identifies itself, but this isn’t a fad. AR, AI, Crypto is where we are heading. Jump on or be left behind.
Posted on 12/22/17 at 12:14 pm to AUCE05
We will see. I definitely disagree.
Posted on 12/22/17 at 12:34 pm to AUCE05
quote:
Digital currency WILL be the way international, and ecommerce transacts in the future.
I don't disagree, but the current digital currencies aren't set up to handle that
Posted on 12/22/17 at 12:46 pm to GenesChin
quote:
I don't disagree, but the current digital currencies aren't set up to handle that
That's the case right now. Supposedly next year BTC is going to become more accessible and easier to use. I'm not saying Crypto is guaranteed as the future, but it's def possible.
Posted on 12/22/17 at 12:48 pm to WarDamn101
Here's my thing.
Why would I want to use my dollars to buy these crypto currency (for normal use in the future), when there are enough mediums to transfer actual money?
Why would I want to use my dollars to buy these crypto currency (for normal use in the future), when there are enough mediums to transfer actual money?
Posted on 12/22/17 at 1:01 pm to HailToTheChiz
quote:
Why would I want to use my dollars to buy these crypto currency (for normal use in the future), when there are enough mediums to transfer actual money?
Not only this, vendors are not going to start accepting crypto currency at any meaningful level as long as it is a volatile "currency". The USD is the most widely accepted and desired currency worldwide precisely because it is the most stable.
The VAST majority of bitcoin owners own it for speculatively purposes, which is exactly why it is so volatile. Most owners buy it to try to make a quick buck, not as a legit currency. I highly doubt that ever changes.
This post was edited on 12/22/17 at 1:03 pm
Posted on 12/22/17 at 1:18 pm to Tiger n Miami AU83
Imagine being the guy who got paid 10,000 bitcoins for $25 in pizza a couple of years back.
And then imagine you forgot about it, until like a week ago when it was $17K/bitcoin.
If only.
And then imagine you forgot about it, until like a week ago when it was $17K/bitcoin.
If only.
This post was edited on 12/22/17 at 1:22 pm
Posted on 12/22/17 at 6:07 pm to HailToTheChiz
Your mind hasn’t expended yet to what is going on. Blockchain Tech is larger than just money. Amazon for example could offer their prime membership in blockchain. Banks can send money throughout the world without a physical bank at the other end. Records for schools. Any agreement between two people can take place without a third party (notery, contracts, currency). And I haven’t even touched the black market. Infrastructure for food delivery. It is endless.
Posted on 12/22/17 at 6:37 pm to AUCE05
The black market I believe was the intial draw with anonymity when crypto first came on the scene and was looked at as a dark web haven for laundering. But since then, the technology has shown to offer so much more.
This post was edited on 12/22/17 at 6:39 pm
Posted on 12/22/17 at 6:40 pm to AUtigerNOLA
The possibility of improving normal business functions, while at the same time eliminating the human element is scary and interesting at the same time. The people who refuse to embrace this will be out of a job, and have no clue what hit them.
Posted on 12/22/17 at 6:48 pm to AUCE05
quote:
Your mind hasn’t expended yet to what is going on. Blockchain Tech is larger than just money. Amazon for example could offer their prime membership in blockchain. Banks can send money throughout the world without a physical bank at the other end. Records for schools. Any agreement between two people can take place without a third party (notery, contracts, currency). And I haven’t even touched the black market. Infrastructure for food delivery. It is endless.
Sure, but what makes you think that banks are going to adopt some 3rd party cryptocurrency that they have no control over, versus say developing their own blockchains (which they are almost certainly doing)? For example, Bitcoin in particular is almost 10 years old and hilariously outdated already from a tech standpoint, the likelihood that it becomes the "gold standard" of crypto seems absurd as there are already far superior alternatives for every application.
The point is, while this tech is legitimate, by the time its ready to go mainstream (ie: NOT just as some speculative form of gambling like it is now) you really have no guarantee that ANY of these cryptocurrencies will even still be around.
Also, you've got quantum computing looming around which threatens ALL blockchain-based cryptography. Realistically that is ~10+ years out, but if you've got computing tech in development that makes all of these blockchains obsolete, are you going to adopt them tomorrow as your new backbone to banking, contracts, etc?
Posted on 12/22/17 at 6:55 pm to metafour
That is one example of many uses for block chain. Ripple for example is targeting the financial market. And I am not disagreeing the technology is missing some steps for mainstream. But like I said earlier, we are just figuring out what we have. This isn’t a fad tho. I only own BTC for trading purposes. I don’t think it will be the gold standard moving forward. It just has the first to market advantage.
Posted on 12/22/17 at 7:53 pm to AUCE05
All of this fascinates me. How do the other types of crypto come about? Is everything mined? Who is in control of the exchanges?
Too many unknowns for me. And I still don't quite understand your explanation so yes my mind has not expanded.
Something about me purchasing another type of currency that is more volatile than the dollar, in order to use it for the same things as my dollar, doesn't make sense
Too many unknowns for me. And I still don't quite understand your explanation so yes my mind has not expanded.
Something about me purchasing another type of currency that is more volatile than the dollar, in order to use it for the same things as my dollar, doesn't make sense
Posted on 1/11/18 at 6:47 am to plaric
quote:
It’s going to triple after the holidays. I’m buying at all levels
How’s that working for you? The prices continue to dip. Still crazy high IMHO
Posted on 1/11/18 at 7:06 am to AUtigerNOLA
Speculation is different than investing.
This is pure speculation. It is buying and hoping for a higher price and a bigger fool.
It may work, for awhile.
I’ll stay out and watch others make and lose their money.
This is pure speculation. It is buying and hoping for a higher price and a bigger fool.
It may work, for awhile.
I’ll stay out and watch others make and lose their money.
Posted on 1/11/18 at 9:50 am to makersmark1
The more established coins aren’t going anywhere anytime soon.
You could always make profit, take out your initial, and play with house money.
You could always make profit, take out your initial, and play with house money.
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