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The future of Crypto

vontogr (togr)
Jan 31 2019 at 15:18
4862帖子
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?

Molly141
Feb 01 2019 at 09:59
25帖子
Does Crypto have a future?

Marcus (HyperAI)
Feb 01 2019 at 11:49
16帖子
Molly141 posted:
Does Crypto have a future?
😂😂😂

The AI is the future.
vontogr (togr)
Feb 01 2019 at 11:53
4862帖子
Sure it does. Even on decreasing price you can make profit by shorting it

niceGLer
Feb 01 2019 at 13:45
169帖子
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..

vontogr (togr)
Feb 01 2019 at 13:51
4862帖子
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.

niceGLer
Feb 01 2019 at 17:51
169帖子
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?

Jdimitrov
Feb 03 2019 at 07:25
10帖子
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

wil (wilhelmus)
Feb 03 2019 at 08:07
2帖子
AniLorak
Feb 03 2019 at 08:15
920帖子
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.

Molly141
Feb 04 2019 at 07:49
25帖子
Sorry for what was possibly a dumb question, I only know what I have seen banded about facebook/

vontogr (togr)
Feb 04 2019 at 09:39
4862帖子
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/

vontogr (togr)
Feb 04 2019 at 09:41
4862帖子
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.

vontogr (togr)
Feb 04 2019 at 09:41
4862帖子
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?

Molly141
Feb 04 2019 at 12:37
25帖子
I mean eveyrbody going on about how it was guaranteed money, then it crcashed.

vontogr (togr)
Feb 04 2019 at 12:46
4862帖子
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.

niceGLer
Feb 04 2019 at 16:07
169帖子
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?

Treeny
Mar 11 2019 at 07:27
211帖子
Thousands of alternatives these days

AniLorak
Mar 12 2019 at 07:26
920帖子
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.

vontogr (togr)
Mar 12 2019 at 07:34
4862帖子
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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