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Cryptocurrency |OT2| Money's New ERA Shoots for the Moon! | Read OP for Thread Rules

Pomerlaw

Member
Feb 25, 2018
3,802
I almost have nothing in bitcoin anyway. I think there is more long term value in coins that have actual uses.
 

nashman1313

Member
Nov 6, 2017
212
Is this thread dead?
Is crypto dead?


Helloooooo...........


helllooooooooooo


Capitulation???????


One question before you go forever, worse to buy now or buy in Jan 2018?

BTC down 70%

Alts down 90%

Could go lower no doubt. BTC could go 1k. Alts could go 99%.

For me, I see a handfull of Alts still putting in work. DYOR because a small number of Alts are way, way ahead of where they were during the bullrun of 2017. Im going out on a limb and saying BTC and few Alts have a another hell of a bullrun in them. Blockchain aint no joke and some Alts are no joke. Bump this in 2 years since its been 2 years since 20k. Maybe Im wrong, maybe buy when others fearfull.
 

Ryu

Avenger
Oct 25, 2017
532
IOTA is still up thousands of percent from ICO price (ICO price under $ 0,001) iirc. Maybe that's also the reason for the big drop in the last few months. If you invested just $ 10.000,- back then you could still go home with more than a million.

Let that sink in, even after a 97% drop from ATH. And so are others. That should show everyone something.

Some Alts got the knife so hard, they'll never go back up. On the other hand, I'm 100% some will make it and will give back unbelievable ROI and will see a big usecase in the future.

ETH 2.0 did nothing for the price. BTC halving? If history repeats, the actual time it will go up will be way after that. LTC, as well as VTC (you remember that one?) broke down every single halving.

Right now, many coins - aside from ICO - are on their ATL. But who knows, right? Maybe now's the time, maybe not.

TBH, people that love BTC will have to put their money where their mouth is in relation to the halving. If BTC falls flat, dunno how attractive this will look like. Only my 2 cents. Moon of course.
 

Pomerlaw

Member
Feb 25, 2018
3,802
I agree Ryu

Those coins with actual use cases will see their value go up. The way money and exchanges work is changing. Nothing is sure of course. But I see no reason to sell at a loss. I'm keeping everything.


 

Fallout-NL

Member
Oct 30, 2017
2,410
Is this thread dead?
Is crypto dead?
Given the amount of interest here I'd say it's dormant at least. Dead at worst. I suspect there's going to be a bunch of bag holders (myself included) that will keep the price down by selling at the first sign of any significant increase. Though who knows what will prompt another increase and any form of significant volume at this point. Maybe the next recession.
 

Pomerlaw

Member
Feb 25, 2018
3,802
Yes it's anecdotal, but late '17 / early '18 I recall overhearing multiple strangers, colleagues and tables next to me at restaurants discussing bitcoin and/or crypto. It seemed big enough.
I'm not even talking about individuals investing and talking about crypto (even in that case, what % of the population actually own crypto?).

I'm talking about industries, banks, and governments using blockchains and crypto. We are just in the beginning.

Look at that Ethereum chart. Forget about that peak in 2017 which was pure bubble frenzy. In October 2015 processing just 6,000 transactions per day and in October 2019 it was 700,000 every single day! That is a 100x increase in daily transactions in just four short years, and it will only go up, if it's not Ether it will be Tezos or another system. But it will go up.

Many people will regret leaving this boat I think, but most people are so goddamn impatient and can't plan more than 3 weeks ahead. Again, don't put money you can't afford to lose into crypto. But think before you leave and sell at a loss...

 

Don Dada

Member
Oct 27, 2017
215
And why would these institutions with all their sunk investment and power in these sectors move their work to a public ledger?
 

Pomerlaw

Member
Feb 25, 2018
3,802
Banks can also do that with their own Blockchain and do not need to use a public one.
They can to settle transfers within their own organization, like JPMorgan is doing with US dollars only. They are trying to make their systems less clunky.

I'm not aware of private project similar to xRapid which can handle multiple currencies and cross-currency payments for now. JPMorgan may go this way in the future, although it remains to be seen if other private banks will want to use their solution... It is a possibilty. Time will tell.
 

TheLostBigBoss

The Fallen
Oct 26, 2017
10,521
ICO's are dead, they were a 2017 thing that were essentially peak bubble products that have no value.

And they are also securities
 

Donos

Member
Nov 15, 2017
3,027
Took a nap from crypto for a while but in the recent dip, i just poured hundred € in for shits and giggles. crazy how long ago that miracle run was already. Remember it pretty clearly when i was at a NYE party at a friend and the gains still went to the roof. Good times.

How's the patent doing at my boys at Xtrabytes? Edit: lool just went to their subreddit... and they are really celebrating patent pending status (as of 25th December 2019). WhatYearIsThis.jpg
 

Ryu

Avenger
Oct 25, 2017
532
New ATH in 24h Crypto
fake
-Volume. Don't we all love to trade on Bibox, OKEx, BiKi, EXX, MXC, etc? lol...
 

Pomerlaw

Member
Feb 25, 2018
3,802
Cryptos/blockchains that have real life uses, that tackle real life problems will do fine I think. It may take a little longer until the market gets some sense.

 
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Banglish

Member
Dec 16, 2017
56
Was a little joke related to the constant "crashes", not to a dooming (final) end of crypto. TheLostBigBoss and a few others are in charge of that here. I'm rather optimistic :)
Ah you got me ;)

Cryptos/blockchains that have real life uses, that tackle real life problems will do fine I think. It may take a little longer until the market gets some sense.

I'm excited to see the tech that eventually comes out regarding security/ID processes, health industry efficiency, weapons/drug tracking, social networking and fraud + voter ID fraud prevention. That's a click-baity article though. He's not wrong that adoption needs to go further than just BTC as a speculation vehicle. But I think saying BTC is essentially a Pyramid Scheme is disingenuous. He has stake in BCH and it still really has not proven it's use value.
 
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