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The future of Crypto

Jan 31, 2019 at 15:18
6,019 Views
202 Replies
Biedrs kopš   4862 ieraksti
Jan 31, 2019 at 15:18
The problem with BTC vs. fiat price drops is not the investors losing money.
Good trader makes money shorting the asset as well.
The real issue lies with miners.
The level where BTC mining brings profit is around $6,000.
If the price stands below that level for long time, a lot of miners will be OOB.
The exception: Chinese mining companies are still profitable around $1500-$2000.
So problem solved?
No. The problem is blockchain is independent only when none is able to control more than 50% of miners.
And that could happen in China.

Your thoughts?
Biedrs kopš   25 ieraksti
Feb 01, 2019 at 09:59
Does Crypto have a future?
Biedrs kopš   16 ieraksti
Feb 01, 2019 at 11:49
Molly141 posted:
Does Crypto have a future?
😂😂😂
The AI is the future.
Biedrs kopš   4862 ieraksti
Feb 01, 2019 at 11:53
Sure it does. Even on decreasing price you can make profit by shorting it
Biedrs kopš   171 ieraksti
Feb 01, 2019 at 13:45
togr posted:
Sure it does. Even on decreasing price you can make profit by shorting it
It is like in Weimarer Republik tackling with hyperinflation. If you have money, buy anything you can. It's a bit late thought..
Biedrs kopš   4862 ieraksti
Feb 01, 2019 at 13:51
A lot of guys consider crypto as simply spending fiat to buy BTC.
World of crypto is much more diverse. If you want to hodl why not buy XRP which is going to be used by international banks to settle transactions.
Biedrs kopš   171 ieraksti
Feb 01, 2019 at 17:51
togr posted:
A lot of guys consider crypto as simply spending fiat to buy BTC.
World of crypto is much more diverse. If you want to hodl why not buy XRP which is going to be used by international banks to settle transactions.

This is interesting: Where did you get this info? Could you cite us the source?
Biedrs kopš   10 ieraksti
Feb 03, 2019 at 07:25
togr posted:
The problem with BTC vs. fiat price drops is not the investors losing money.
Good trader makes money shorting the asset as well.
The real issue lies with miners.
The level where BTC mining brings profit is around $6,000.
If the price stands below that level for long time, a lot of miners will be OOB.
The exception: Chinese mining companies are still profitable around $1500-$2000.
So problem solved?
No. The problem is blockchain is independent only when none is able to control more than 50% of miners.
And that could happen in China.

Your thoughts?



That is a very interesting comment about the discrepancy in mining costs leading to control of BTC. But even is Chinese miners held 50% they would not necessarily be all working together. If they did then it would need to be kept secret otherwise the interest in BTC would collapse. So achieving control would be extremely difficult in practice
Biedrs kopš   2 ieraksti
Feb 03, 2019 at 08:07
just an image ,


 


Pielikumi

Biedrs kopš   920 ieraksti
Feb 03, 2019 at 08:15
Molly141 posted:
Does Crypto have a future?

Of course, it has! But will take time to make the ground. This is why, long term view is very much important.
Biedrs kopš   25 ieraksti
Feb 04, 2019 at 07:49
Sorry for what was possibly a dumb question, I only know what I have seen banded about facebook/
Biedrs kopš   4862 ieraksti
Feb 04, 2019 at 09:39
niceGLer posted:
togr posted:
A lot of guys consider crypto as simply spending fiat to buy BTC.
World of crypto is much more diverse. If you want to hodl why not buy XRP which is going to be used by international banks to settle transactions.

This is interesting: Where did you get this info? Could you cite us the source?
https://ethereumworldnews.com/top-ten-u-s-bank-pnc-to-use-ripple-for-international-payments/
Biedrs kopš   4862 ieraksti
Feb 04, 2019 at 09:41
Jdimitrov posted:
togr posted:
The problem with BTC vs. fiat price drops is not the investors losing money.
Good trader makes money shorting the asset as well.
The real issue lies with miners.
The level where BTC mining brings profit is around $6,000.
If the price stands below that level for long time, a lot of miners will be OOB.
The exception: Chinese mining companies are still profitable around $1500-$2000.
So problem solved?
No. The problem is blockchain is independent only when none is able to control more than 50% of miners.
And that could happen in China.

Your thoughts?



That is a very interesting comment about the discrepancy in mining costs leading to control of BTC. But even is Chinese miners held 50% they would not necessarily be all working together. If they did then it would need to be kept secret otherwise the interest in BTC would collapse. So achieving control would be extremely difficult in practice

Well yes it is not sure that this will happen. But China is centrally planned and controlled economy. In such country the risk of global control of BTC blockchain is immense.
Biedrs kopš   4862 ieraksti
Feb 04, 2019 at 09:41
Molly141 posted:
Sorry for what was possibly a dumb question, I only know what I have seen banded about facebook/

What's the thing on Facebook?
Biedrs kopš   25 ieraksti
Feb 04, 2019 at 12:37
I mean eveyrbody going on about how it was guaranteed money, then it crcashed.
Biedrs kopš   4862 ieraksti
Feb 04, 2019 at 12:46
Molly141 posted:
I mean eveyrbody going on about how it was guaranteed money, then it crcashed.

Well crypto is volatile there is no guarantee you will profit from hodling, but you could have make a lot of money shorting it.

There is no asset with the price always growing.
Biedrs kopš   171 ieraksti
Feb 04, 2019 at 16:07
togr posted:
Molly141 posted:
I mean eveyrbody going on about how it was guaranteed money, then it crcashed.

Well crypto is volatile there is no guarantee you will profit from hodling, but you could have make a lot of money shorting it.

There is no asset with the price always growing.

Initially bitcoin was marketed generally as a non-inflationary currency. It was told that it is deflationary, and because one can't increase the amount of bitcoins its value is going to increase. What has happened to cryptocurrencies is actually lot worse. Although, when I saw the graph of BTCUSD I saw classical signs before market crash: that is exponentially rising value.
With a classical inflationary currency one usually has a lot of time to react in normal inflationary conditions.

Most of the people would have been satisfied with bitcoin maintaining its value.

I suspect that cryptocurrencies in general have lost their credibility for a long time. Besides, there are tens of alternatives for investing on cryptos. Who can say this is the right one?
Biedrs kopš   213 ieraksti
Mar 11, 2019 at 07:27
Thousands of alternatives these days
Biedrs kopš   920 ieraksti
Mar 12, 2019 at 07:26
Treeny posted:
Thousands of alternatives these days

Yes it is; but end of the day it’s a good sign in trading industry! I am really excited to see the movements of crypto market.
Biedrs kopš   4862 ieraksti
Mar 12, 2019 at 07:34
niceGLer posted:
togr posted:
Molly141 posted:
I mean eveyrbody going on about how it was guaranteed money, then it crcashed.

Well crypto is volatile there is no guarantee you will profit from hodling, but you could have make a lot of money shorting it.

There is no asset with the price always growing.

Initially bitcoin was marketed generally as a non-inflationary currency. It was told that it is deflationary, and because one can't increase the amount of bitcoins its value is going to increase. What has happened to cryptocurrencies is actually lot worse. Although, when I saw the graph of BTCUSD I saw classical signs before market crash: that is exponentially rising value.
With a classical inflationary currency one usually has a lot of time to react in normal inflationary conditions.

Most of the people would have been satisfied with bitcoin maintaining its value.

I suspect that cryptocurrencies in general have lost their credibility for a long time. Besides, there are tens of alternatives for investing on cryptos. Who can say this is the right one?

But that
Initially bitcoin was marketed generally as a non-inflationary currency. It was told that it is deflationary, and because one can't increase the amount of bitcoins its value is going to increase.
 is right. You need to look at BTC price from long term perspective.
It has grown from zero value to 20k value very fast.
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