- Apr 29, 2015
- 5,185
- 2,716
Jay the bro
Newbie
- Jan 15, 2018
- 30
- 3
Crypto is as dead as SEO. Almost everything online is dead
Yes everything dead for lazy peoples.
- Mar 10, 2010
- 42,697
- 107,138
That is actually wildly inaccurate.
Jack@
Regular Member
- Oct 2, 2017
- 343
- 119
I see where you are going, let me rephrase that. The US dollar is not backed by any gold/ silver and the FED is printing money whenever it wants. Bitcoin is backed by technology and has a limited supply. Cant say that about a country which has trillions of $ of debts which will never be paid.
healzer
Elite Member
- Jun 26, 2011
- 2,974
- 3,063
Right now Crypto is gaining quick momentum and has created two extremes: haters & supporters.
Haters are conservative, supporters are trendy hipsters.
In the end the market will decide which group gets beaten and will have to adopt.
So instead of arguing whether crypto will live/die, do what makes you money and take care of yourself, your family & friends.
Haters are conservative, supporters are trendy hipsters.
In the end the market will decide which group gets beaten and will have to adopt.
So instead of arguing whether crypto will live/die, do what makes you money and take care of yourself, your family & friends.
- Mar 10, 2010
- 42,697
- 107,138
I won't continue this aspect of the thread here as it will (is already turning) turn political but if you want a real education on how that actually works feel free to send me an email - [email protected].
Lamuks
Power Member
- Mar 10, 2014
- 604
- 163
Right. So BTC is not backed by anything other than people's trust in the currency. Let that sink in, the only thing that actually is making Bitcoin still valuable is the belief that it will still go up, or rather the sunken cost fallacy. People are just so invested in it, that it holds value.
This is also why news about countries banning it or exchanges dropping it causes such a huge spike downwards. It challenges the trust in people and those who lose it, they sell it, and the price drops.
My prediction is that there will be a huge news story about a country/money exchange banning it and it will go lover, or there is a new actual competitor, that is backed by something else, other than pure trust in digital numbers(because the fact that it doesn't even come in physical form is also a bit important).
At this point, the market is so volatile that I would just say away from it.
This is also why news about countries banning it or exchanges dropping it causes such a huge spike downwards. It challenges the trust in people and those who lose it, they sell it, and the price drops.
My prediction is that there will be a huge news story about a country/money exchange banning it and it will go lover, or there is a new actual competitor, that is backed by something else, other than pure trust in digital numbers(because the fact that it doesn't even come in physical form is also a bit important).
At this point, the market is so volatile that I would just say away from it.
healzer
Elite Member
- Jun 26, 2011
- 2,974
- 3,063
Exactly this.
But then again, it's nice to see that some countries are willing to embrace it rather than fight it:
https://www.ft.com/content/c2098ef6-ff84-11e7-9650-9c0ad2d7c5b5
KHer0
Elite Member
- Mar 22, 2011
- 2,465
- 2,981
Totally agree with what @PinguSpy said...
Bitcoin is astalavista.
Eth is ask.com or msn messenger
Basically, bitcoins will die, blockchain technology will evolve and change the world.
As for trading part, I have seen many making millions with it, so, its legit. It's difficult, and high risk, but you can make profits
There others who sell their houses and have quick rich dreams, guess what, they are in every single business. Buying thousands of useless IM course, losing thousands on advertising without making a penny ,,, etc!
All crypto did is giving them a faster and easier route to lose
I believe I am one of the few here who didn't invest anything in cryptos, why? Cuz I didn't have time to read, research, follow the market to make the right choices. I am busy with my own business. I Ielieve it's a hard job and needs tremendous time and work to succeed in.
However, if you are following advices of people you dont know, treat it like push two buttons to double your money, then you are just gambling. Sure, you will make some profits, but you will always end up losing
Bitcoin is astalavista.
Eth is ask.com or msn messenger
Basically, bitcoins will die, blockchain technology will evolve and change the world.
As for trading part, I have seen many making millions with it, so, its legit. It's difficult, and high risk, but you can make profits
There others who sell their houses and have quick rich dreams, guess what, they are in every single business. Buying thousands of useless IM course, losing thousands on advertising without making a penny ,,, etc!
All crypto did is giving them a faster and easier route to lose
I believe I am one of the few here who didn't invest anything in cryptos, why? Cuz I didn't have time to read, research, follow the market to make the right choices. I am busy with my own business. I Ielieve it's a hard job and needs tremendous time and work to succeed in.
However, if you are following advices of people you dont know, treat it like push two buttons to double your money, then you are just gambling. Sure, you will make some profits, but you will always end up losing
This shouldn't be a surprise to anyone as BTC is not being advised by the Stripe CEOs like XLM (Stellar Lumens) is. Y Combinator is backing Stellar as well. Y Combinator also back Stripe, Coinbase and other billion dollar companies. If anything this is a play to weaken BTC a bit and will probably be followed by a news/marketing campaign where they hype up XLM. They're gunning to replace BTC for the reserve cryptocurrency without a doubt.
I currently have a position in XLM. Although I'll be liquidating into ETH when Stellar hits ~$1.25. I'm not a fan of the team behind Stellar at all, but it will probably become like ETH or BTC when FairX is launched.
I currently have a position in XLM. Although I'll be liquidating into ETH when Stellar hits ~$1.25. I'm not a fan of the team behind Stellar at all, but it will probably become like ETH or BTC when FairX is launched.
US military.
AlanWatts33
Power Member
- Nov 27, 2016
- 573
- 266
Cryptography is an mathematical artform, just like the fundamental theorem of calculus, it will change the world.
- May 2, 2010
- 9,939
- 16,038
The end of crypto will be when this domain is up and running "everyonesblockchain.com" lol
at the moment it is just a parked domain though, so don't panic yet.
blackcodez
Registered Member
- Oct 10, 2014
- 71
- 32
Stripe dropped BTC in favor on XLM. They hinted at it in their tweet the other day. There is a reason that Stripe bought equity stake in Stellar
D
Deleted member 36594
Guest
нет. Пока ничего. I've put her in my display cabinet for keeping... and to avoid my bunny's fur from sticking on her. Ha!
But talking about cryptos... there's one major problem right now. That is... manipulation from whales:
https://www.blackhatworld.com/seo/beware-of-whales-manipulating-order-books.1001167/
https://www.blackhatworld.com/seo/whale-wars-1478-btcs.1002242/
This is bound to happen since it is an unregulated market.
I don't know how to put this eloquently but here it goes: weren't cryptocurrencies created and supported by people who first lost their faith in paper money? In fact, this whole bitcoin thing was an idea by that Satoshi guy right after the 2007 financial crisis - it was the distrust in the whole banking system. But the problem with cryptocurrencies, as some members have pointed out, is backed by nothing but faith in it. Cash used to be backed by the gold standard before it became a fiat currency (thus, just backed by the government and central bank), so even if your bank or country's economy collapses your government will step in to prevent their people from losing faith in their money. In fact, if your bank suddenly goes bankrupt one day at least you'll be compensated by FDIC. Cryptos, on the other hand, if a majority of its users loses faith in it then it would be valueless. Cryptos, bitcoin in particular, had value because of the faith people put in; but right now it is purely greed... people think it is a great way to get rick quick so they buy it, creating demand. The greed is so overwhelming that cryptos seem too overvalued now. Without the "HODL" mentality and investors whom have faith in some altcoins projects, the whole cryptos would have been wiped out by now. It is, again, greed that makes people think bitcoin at 9.3K or 10-11K now is still cheap and thinking it will go up in value soon so they could profit from it, thus they buy it and the market revitalises. And anyone with just $500 can still buy a fraction of bitcoin (this, again, sets cryptos apart from the tulip mania). In fact, there's even a story about how BTC went from $xxx to $xx,xxx all due to manipulation (though, can't be certain). I don't want to touch too much on this as it will be against BHW's rules for discussing politics.
Is it gambling? Why.. I wouldn't say it is gambling. Let's face it... everything we do in life is about probabilities (I'm a fanatic on probabilities). It is whether the odds are in our favour or against us. When you play the lottery, the odds are pretty much against you (1 in a million or more). When you smoke or live an unhealthy lifestyle, the probability of you dying early or catching cancer or some diseases increases. When you invest in the stock market, sure, you can do all the fundamental analysis or apply Benjamin Graham's teachings, but unexpected events can always happen, so you're pretty much playing with the odds too. The 2007 financial crisis was pretty unprecedented, isn't it? If you're a stock investor who does all the analysis on all kinds of good stocks (blue-chip stocks and what not) you wouldn't expect the crash, which manifested from the subprime mortgage crisis, to happen. In fact, Facebook stock was once believed to be a bubble. When it dived, everyone said the bubble has popped. And now it is valued at $187. If there's one thing I've observed and learnt that would be "never be too quick to judge" and "never be too certain". We don't know this whole cryptocurrency would just pop, or just keep booming. Despite I've gotten into cryptos at early Dec 2017, I bought most of my altcoins at cheap prices and am still 'in the money' despite all the previous crashes. I'm simply riding the wave and will evacuate soon if the market shows any signs of collapse.
I could go on and on, but.... meh. Everyone has their opinion and perspective, and I respect that. Whether is it mockery, criticisms, or just plain opinions I would read it. Please do take note that what I've written above and in my previous posts are just my opinion. My 2 cents (or 0.000002 Bitcoin). I don't know how to put it more eloquently and I may have omitted some important parts to back my point; or I could be ignorant on some points. So, again, just my opinion and hope no one takes offence to it.
The reason why I never like debating with others is the fear of creating enemies (hence, like my brother imparted the rule to me: silence is golden, sometimes); and to have constructive argument both parties need to be willing to listen to each other, but so far all I've seen is either party are so defensive that they wouldn't listen to the other party and would throw personal insults. And no, I'm not referring to anyone here. In fact, I love~ reading mockeries about cryptos because it always makes me laugh
And the other reason why I've been posting less in the crypto section all of a sudden is that... today I may be right, tomorrow I may be wrong, then I am right again later. With the volatility of cryptos and the uncertainty of the market, we can never be sure. I used to introduce altcoins to other members but I've also stopped doing so because everyone's appetite risk is different. And again, because of the volatility, today it may be the right time to go in but later it will be a bad time. I feel the guilt when some members who decide to buy the coin later (overpriced or missed the perfect timing) only to suffer a market dip later (like the previous crashes that were unprecedented, pretty much like the stock or futures market with unexpected events). Also, sometimes I didn't do a full research of a particular coin. Kodakcoin, is the epitome of my mistake... I was and am very glad that Asif and Waterworks pointed out the huge flaws in the coin; thus I humbly asked Zwielicht to lock the thread to prevent it from bumping it over and over (also, the fear new crypto traders would only read the opening post and rush to sign up for it), and to edit the opening post to include Asif's and Waterwork's findings (thanks again all!).
Lastly, and again, just my opinion. My post wasn't referring to anyone. Most importantly, stay happy and be positive. TGIF!
P.S: This is me, after coffee, again. If it is not coffee, then it is the wine. Ciaoz!
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TylerSplash
Banned - created multiple accounts to game
- Sep 27, 2017
- 498
- 162
Yeah doctors have confirmed that it's dead.