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The future of Crypto
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?
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?
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?
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
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/
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-$2000.
So problem solved?
No. The problem is blockchain is independent only when none is able to control more than 50% of miners.
And that could happen in China.
Your thoughts?
That is a very interesting comment about the discrepancy in mining costs leading to control of BTC. But even is Chinese miners held 50% they would not necessarily be all working together. If they did then it would need to be kept secret otherwise the interest in BTC would collapse. So achieving control would be extremely difficult in practice
Well yes it is not sure that this will happen. But China is centrally planned and controlled economy. In such country the risk of global control of BTC blockchain is immense.
会员从Aug 27, 2017开始
875帖子
Mar 21, 2019 at 07:08
CRPA9 posted:
Bitcoin is at a great accumulation price currently :) Market cycles, thats all it is.
I see, so many unrealistic expectations like 100000$ (per bitcoin). By the way, I am really excited to see the movements of BTC.
keeping patience.......
会员从Jul 12, 2018开始
23帖子
Apr 02, 2019 at 07:08
Adribaasmet posted:CRPA9 posted:
Bitcoin is at a great accumulation price currently :) Market cycles, thats all it is.
I see, so many unrealistic expectations like 100 000$ (per bitcoin). By the way, I am really excited to see the movements of BTC.
Why do you think it is unrealistic? An well-trusted analyst just predicted a spike to $150,000 by 2023. It is interesting to keep up with BTC as I believe it is going to peak out surely in the coming years.
Apr 02, 2019 at 07:47
The reward for mining BTC will halve soon. https://bitcoinblockhalf.com/
This will actually lead to increase of BTC price as supply of BTC decrease and it will become more rare.
Also the total amount of BTC mined ever would be close to 21,000,000 so as quite rare comodity I exepct the price will go up.
Just I am not able to tell when :)
I might be good time to buy now and wait. I think $4,000 investment could bring you 40,000 or even 100,000 and still you risk just these 4,000.
This will actually lead to increase of BTC price as supply of BTC decrease and it will become more rare.
Also the total amount of BTC mined ever would be close to 21,000,000 so as quite rare comodity I exepct the price will go up.
Just I am not able to tell when :)
I might be good time to buy now and wait. I think $4,000 investment could bring you 40,000 or even 100,000 and still you risk just these 4,000.
会员从Jul 12, 2018开始
23帖子
Apr 02, 2019 at 08:41
togr posted:
The reward for mining BTC will halve soon. https://bitcoinblockhalf.com/
This will actually lead to increase of BTC price as supply of BTC decrease and it will become more rare.
Also the total amount of BTC mined ever would be close to 21,000,000 so as quite rare comodity I exepct the price will go up.
Just I am not able to tell when :)
I might be good time to buy now and wait. I think $4,000 investment could bring you 40,000 or even 100,000 and still you risk just these 4,000.
Have you ever invested or plan to invest in BTC? Especially now that you believe the price is going up?
Apr 03, 2019 at 05:54
togr posted:
The reward for mining BTC will halve soon. https://bitcoinblockhalf.com/
This will actually lead to increase of BTC price as supply of BTC decrease and it will become more rare.
Also the total amount of BTC mined ever would be close to 21,000,000 so as quite rare comodity I exepct the price will go up.
Just I am not able to tell when :)
I might be good time to buy now and wait. I think $4,000 investment could bring you 40,000 or even 100,000 and still you risk just these 4,000.
Do you not think that interest in BTC could dwindle due to other crypto currencies and awkwardness of using BTC. This could cause price to fall even if all the factors you say are true?
Apr 03, 2019 at 07:19
Saif59 posted:togr posted:
The reward for mining BTC will halve soon. https://bitcoinblockhalf.com/
This will actually lead to increase of BTC price as supply of BTC decrease and it will become more rare.
Also the total amount of BTC mined ever would be close to 21,000,000 so as quite rare comodity I exepct the price will go up.
Just I am not able to tell when :)
I might be good time to buy now and wait. I think $4,000 investment could bring you 40,000 or even 100,000 and still you risk just these 4,000.
Do you not think that interest in BTC could dwindle due to other crypto currencies and awkwardness of using BTC. This could cause price to fall even if all the factors you say are true?
Nope.
All altcoins are still traded against BTC
It is like USD in currencies.
Apr 09, 2019 at 06:29
Adolis posted:
Honestly who know in past that it will cost that much at the moment ? If you had a chance to get back in time and buy some would you do it like 7 years ago or so ? I bet you would so do I. I am still buying some cheaper currencies like Litecoin from time to time, hope I have a time to market rise in future.
There is common misunderstanding that crypto is equal to buying BTC for USD and hodling.
It is not. There are so much more other currencies to trade.
会员从Mar 11, 2019开始
10帖子
Apr 10, 2019 at 14:21
togr posted:Adolis posted:
Honestly who know in past that it will cost that much at the moment ? If you had a chance to get back in time and buy some would you do it like 7 years ago or so ? I bet you would so do I. I am still buying some cheaper currencies like Litecoin from time to time, hope I have a time to market rise in future.
There is common misunderstanding that crypto is equal to buying BTC for USD and hodling.
It is not. There are so much more other currencies to trade.
But aren't all crypto currencies very highly correlated. Some perform better than others but in general any one will do.
Apr 12, 2019 at 09:09
Teejy88 posted:
Up up up! At least for the main ones!
There are prognosis for BTC value at $50,000 within couple of years.
Would be nice to have some BTC at that time :)
As the total amount of BTC mined will be less than 21,000,000 and there are like 8,000,000,000 people
when you would own 1 BTC it will be probably more than 99% of the population
