Well lets see who's right Dallas- I think it's crashing all the way down to the cost of mining (2K or less), and never recovering after that.
Bitcoin was an early experiment that didn't work, there's now far better coins out there, and people have realized that.
There's a huge opportunity here. Look at Peter's video, it's a good one I thought:
https://www.youtube.com/watch?v=IkQN335biiQ
If we can pick what is going to replace Bitcoin at the market bottom (when we'll be able to get the coins cheaply), we can get a massive green-up (a green so big it can set us up for life as multi-millionaires). Huge opportunity...
BITCOIN as an alternative to regular currency
Your view on potential next one?Zenyatta wrote: ↑Wed Dec 20, 2017 1:40 amWell lets see who's right Dallas- I think it's crashing all the way down to the cost of mining (2K or less), and never recovering after that.
Bitcoin was an early experiment that didn't work, there's now far better coins out there, and people have realized that.
There's a huge opportunity here. Look at Peter's video, it's a good one I thought:
https://www.youtube.com/watch?v=IkQN335biiQ
If we can pick what is going to replace Bitcoin at the market bottom (when we'll be able to get the coins cheaply), we can get a massive green-up (a green so big it can set us up for life as multi-millionaires). Huge opportunity...
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northbound
- Posts: 737
- Joined: Mon Mar 20, 2017 11:22 pm
Right now, most newbies buy crypto through Coinbase, so it’s no surprise that the more popular and hyped up coins are the ones sold there (Bitcoin, Ethereum, Litecoin, etc).
However there are countless other projects, tokens and blockchain platforms that are superior to Bitcoin and that most newbies don’t even know.
These will only get traction once there’s an app that expands on what Coinbase does and gives newbies easy access to a bigger range of coins and tokens. In fact one is in development now, it’s called Ethos, and many supporters see it as a potential Coinbase killer as it will also give users full control of their private keys (unlike Coinbase, which acts as a custodian).
Then there’s Waves, a brilliant Ethereum competitor, which in 48 hours’ time will implement an algo that will make it one of the faster blockchain platforms around, with a capacity of 100 transactions per second compared to Bitcoin / Ethereum’s 5-10.
1 Waves is currently $16 (100m total supply, similar to Ethereum).
1 Ethos is currently $1.80 (200m total supply).
However there are countless other projects, tokens and blockchain platforms that are superior to Bitcoin and that most newbies don’t even know.
These will only get traction once there’s an app that expands on what Coinbase does and gives newbies easy access to a bigger range of coins and tokens. In fact one is in development now, it’s called Ethos, and many supporters see it as a potential Coinbase killer as it will also give users full control of their private keys (unlike Coinbase, which acts as a custodian).
Then there’s Waves, a brilliant Ethereum competitor, which in 48 hours’ time will implement an algo that will make it one of the faster blockchain platforms around, with a capacity of 100 transactions per second compared to Bitcoin / Ethereum’s 5-10.
1 Waves is currently $16 (100m total supply, similar to Ethereum).
1 Ethos is currently $1.80 (200m total supply).
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spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
Yep a drop of 15% or so is hardly a crash especially as it's been triggered by the likes of Bitcoin Cash on coinbase and Bitcoin's debut into the futures markets. Given the hassle it is to buy/sell or even buy much with Bitcoin they'll always be blips in price when any larger deals are done. People have been predicting the crash of Bitcoin on a regular basis since this thread started in 2013 in the hope they'll get it right
Obviously history tells us bubbles burst but I reckon there's still alot of mileage in Bitcoin until something comes along to replace it, if anything it's own inherent flaws protect it somewhat from crashing. Throw in it's first mover advantage and much like Betfair it's in a hard position to topple right now. Although with the bankers jumping on board to cash in, it's demise may come quicker than if if it was left to the 'nerds'.
Unless it provides some real intrinsic value, all that's happened is that people have replaced one form of delusion with another one.Samo154 wrote: ↑Wed Dec 20, 2017 11:13 amYour view on potential next one?Zenyatta wrote: ↑Wed Dec 20, 2017 1:40 amWell lets see who's right Dallas- I think it's crashing all the way down to the cost of mining (2K or less), and never recovering after that.
Bitcoin was an early experiment that didn't work, there's now far better coins out there, and people have realized that.
There's a huge opportunity here. Look at Peter's video, it's a good one I thought:
https://www.youtube.com/watch?v=IkQN335biiQ
If we can pick what is going to replace Bitcoin at the market bottom (when we'll be able to get the coins cheaply), we can get a massive green-up (a green so big it can set us up for life as multi-millionaires). Huge opportunity...
The only two coins with some chance of intrinsic value are Ripple and Ether.
Decrypting Crypto, From Bitcoin and Blockchain to ICOs
Nice history and overview: -
https://a16z.com/2017/12/08/summit-crypto-alex-rampell/
Nice history and overview: -
https://a16z.com/2017/12/08/summit-crypto-alex-rampell/
Bitcoin price now in catastrophic free-fall:
https://www.coindesk.com/price/
https://www.coindesk.com/price/
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northbound
- Posts: 737
- Joined: Mon Mar 20, 2017 11:22 pm
Bitcoin always had MAJOR upswings and downswings throughout its history, so no surprise.Zenyatta wrote: ↑Thu Dec 21, 2017 6:56 pmBitcoin price now in catastrophic free-fall:
https://www.coindesk.com/price/
It's "catastrophic" only for people who bought it because of the hype, without researching it properly.
Litecoin creator just sold all his litecoin, saying he wants to 'avoid conflicts of interest'. Yeah right. They were worthless crap of course, like Bitcoin and the rest of the crypto-currency junk, and he's cashed in on the scam.
https://www.theverge.com/2017/12/20/168 ... t-interest
https://www.theverge.com/2017/12/20/168 ... t-interest
Price of Bitcoin moving around faster than a low-grade horse race, incredible. Down to 13K in a day.
https://motherboard.vice.com/en_us/arti ... of-bitcoin
"A connected sex toy syncs with every ebb and flow of the cryptocurrency market."
"Bitcast is a service that tracks the real-time value of Bitcoin, Ethereum, and Litecoin in US dollars, on a chart that syncs with a line of internet-connected Lovense sex toys. When the value goes up, the vibrations intensify. When it goes down, the vibes back off."
https://motherboard.vice.com/en_us/arti ... of-bitcoin
"A connected sex toy syncs with every ebb and flow of the cryptocurrency market."
"Bitcast is a service that tracks the real-time value of Bitcoin, Ethereum, and Litecoin in US dollars, on a chart that syncs with a line of internet-connected Lovense sex toys. When the value goes up, the vibrations intensify. When it goes down, the vibes back off."
Thought about paying someone £35 in BTC this morning.
Last week, £155 to same person, cost £4.00 transaction fee.
They want £24.33, this morning, to pay same person, £35.
Thx, but, no.
Last week, £155 to same person, cost £4.00 transaction fee.
They want £24.33, this morning, to pay same person, £35.
Thx, but, no.
We have reviewed the overnight funding charges that we apply to client positions on our cryptocurrency markets – Bitcoin, Bitcoin Cash, Bitcoin Gold and Ether.
We will therefore be updating our overnight funding rate to 0.068% for all cryptocurrency markets (25% per annum). Clients with short positions will now receive the overnight funding rate, rather than pay it. In addition, a 7.5% per-annum IG admin fee will also apply.
What does this mean for my cryptocurrency positions?
• If you are long, you will pay an overnight funding charge of 0.089% a day (32.5% per annum).
• If you are short, you will receive an overnight funding charge of 0.048% a day (17.5% per annum).
///
Thievingindex.com ... they pay 17%, but charge 32%
We will therefore be updating our overnight funding rate to 0.068% for all cryptocurrency markets (25% per annum). Clients with short positions will now receive the overnight funding rate, rather than pay it. In addition, a 7.5% per-annum IG admin fee will also apply.
What does this mean for my cryptocurrency positions?
• If you are long, you will pay an overnight funding charge of 0.089% a day (32.5% per annum).
• If you are short, you will receive an overnight funding charge of 0.048% a day (17.5% per annum).
///
Thievingindex.com ... they pay 17%, but charge 32%