Are cryptocurrencies a bubble?

Rosca · Jul 16, 2018

I'm interested and skeptical on it. With cryptocurrency, you want to walk a thin line between safe and receiving benefits from it. The best way you can get out of the crypto game alive is to use a major coin and stick with it. Everything is at risk when you invest anyways.

BogdanAlexander · Jul 16, 2018

I'd say Do not invest unless you understand how they work.

How stupid would it be to plant pear trees if you don;t know when to pick the fruits.

Learn a subject, invest in it

Lereldi · Jul 16, 2018

BogdanAlexander said:
I'd say Do not invest unless you understand how they work.

How stupid would it be to plant pear trees if you don;t know when to pick the fruits.

Learn a subject, invest in it

^ Exactly

jazzc · Jul 16, 2018

Lereldi said:
To sum up my opinion about PoW and it's trademark, Bitcoin: I don't think that PoW is sustainable in the future. PoC and PoS are much better in my opinion even though they obviously have their flaws as well.

Only PoW solves the Byzantine Generals Problem. If you don't understand yet what this means, you have to burn your opinion to ashes and not get one until you understand it.

Lereldi · Jul 16, 2018

jazzc said:
Only PoW solves the Byzantine Generals Problem. If you don't understand yet what this means, you have to burn your opinion to ashes and not get one until you understand it.

The other problem with PoS and PoC is that you need one or more "authorities" or minters / stakers or however a currency calls them. That's why I like the Tangle so much.

subster · Jul 16, 2018

billionaire2050 said:
Living under a rock? If the value of something falls from from $20k to $11k to $6k(present), I'd call it a burst lol. And it has a lot of market cap to be just forgotten and discarded. Plus this is just the start as not much has been changed due to crypto currency in local systems, and we know that a lot of change is still possible.
So in the end, it'd settle around some value and it'd decrease very much in volatility.

Yeah, short sighted I agree. And I can also see the majority here, which is clearly out for fast money and overnight riches, siding that opinion. But in finance, short attention span traders, have always paid there duties and always will. This mindset, by the way, is what made all that scam possible, and gave crypto that bad name, some associate. Invested a year ago to date? You still have a fantastic ROI.

Are cryptocurrencies a bubble?

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