Yes you can either talk to the guys who are between them an expert computer programmer and investor about this programmatically based investment or you can listen to this bloke instead. The choice is yours.
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Bitcoin (cryptocurrency)
- Thread starter vonkeynotvenky
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Yes you can either talk to the guys who are between them an expert computer programmer and investor about this programmatically based investment or you can listen to this bloke instead. The choice is yours.
andy1234uk
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Yes you can either talk to the guys who are between them an expert computer programmer and investor about this programmatically based investment or you can listen to this bloke instead. The choice is yours.
Or one of the numerous other people who are willing to discuss the topic stated in the thread title.
AustinBlue
Well-Known Member
Yes you can either talk to the guys who are between them an expert computer programmer and investor about this programmatically based investment or you can listen to this bloke instead. The choice is yours.
As a former investment banker / licensed financial professional and current software company ceo, put me in the “Damocles is dead right on this” camp.
FlemishDuck
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As a former investment banker / licensed financial professional and current software company ceo, put me in the “Damocles is dead right on this” camp.
From a psychological perspective people are not so likely to accept an argument of authority.
Funny to see so many against crypto currencies and these so called financial experts and programmers.
Same people that are against it are the ones who probably said the internet was a phase, smart phones won’t last and Uber will never compete with taxi companies, laughable.
Yes some crypto currencies will go to zero and have little to no value behind them but many of them have real world use cases and are much more efficient than banks.
For example, Developers have created Litepay a system that will enable vendors to accept Litecoin with zero no risk for violatity. This is just the beginning, eventually big companies like Amazon, Ebay will get on board and start accepting payments in crypto currencies. It’s faster, and a cheaper way of payment. Survival of the fittest.
Unless everyone thinks banks will begin to lower fees and improve speed I don’t see how they can compete.
Same people that are against it are the ones who probably said the internet was a phase, smart phones won’t last and Uber will never compete with taxi companies, laughable.
Yes some crypto currencies will go to zero and have little to no value behind them but many of them have real world use cases and are much more efficient than banks.
For example, Developers have created Litepay a system that will enable vendors to accept Litecoin with zero no risk for violatity. This is just the beginning, eventually big companies like Amazon, Ebay will get on board and start accepting payments in crypto currencies. It’s faster, and a cheaper way of payment. Survival of the fittest.
Unless everyone thinks banks will begin to lower fees and improve speed I don’t see how they can compete.
SWP's back
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Maybe actually read the comments and you won’t look an idiot.Funny to see so many against crypto currencies and these so called financial experts and programmers.
Same people that are against it are the ones who probably said the internet was a phase, smart phones won’t last and Uber will never compete with taxi companies, laughable.
Yes some crypto currencies will go to zero and have little to no value behind them but many of them have real world use cases and are much more efficient than banks.
For example, Developers have created Litepay a system that will enable vendors to accept Litecoin with zero no risk for violatity. This is just the beginning, eventually big companies like Amazon, Ebay will get on board and start accepting payments in crypto currencies. It’s faster, and a cheaper way of payment. Survival of the fittest.
Unless everyone thinks banks will begin to lower fees and improve speed I don’t see how they can compete.
Neither myself nor damocles are “against” crypto. Quite the opposite in fact.
Both have warned against calling any speculation on any particular one “an investment” however, as you are aware yourself. Some will end up valueless.
Maybe actually read the comments and you won’t look an idiot.
Neither myself nor damocles are “against” crypto. Quite the opposite in fact.
Both have warned against calling any speculation on any particular one “an investment” however, as you are aware yourself. Some will end up valueless.
Seems to me Damocles says it’s a bubble that will go to zero, if that’s not being against it that I must really be an idiot.
Some will end up valueless and some will change the world. There are some ICOs right now that are straight up scams and some that if they fulfill their potential will be very successful.
It’s a very risky space but one with scary potential.
SWP's back
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Hence me saying all along that people should be circumspect and avoid speculating with money they can’t afford to lose.Some will end up valueless and some will change the world. There are some ICOs right now that are straight up scams and some that if they fulfill their potential will be very successful.
Hence me saying all along that people should be circumspect and avoid speculating with money they can’t afford to lose.
Agreed :)
arbabarshad
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Crypto is here to stay - which particular technologies are successful will be decided by time. However, having the knowledge of technologies helps in long term investment whereas having the knowledge of crypto trading markets (different from financial trading markets) goes a long way in finding short term gains opportunities. People I personally know make hundreds of thousands in daily trading and millions in long term investments. It just depends on what suits you personally or what your area of expertise is!
One this is for sure, do not risk any money you cannot afford to lose on crypto. Because of the volatility and the panic it can cause among seasoned traders, you could lose all you invest in a space of hours or days.
One this is for sure, do not risk any money you cannot afford to lose on crypto. Because of the volatility and the panic it can cause among seasoned traders, you could lose all you invest in a space of hours or days.
FlemishDuck
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Crypto is here to stay - which particular technologies are successful will be decided by time.
But that sentiment on itself has few relevance to actual valuation from an investor p.o.v. , is crypty going to stay at a market capitalization of several hundreds of billions is the true question imho. What is there to say for the scenarion where the whole crypto market cap falls back to a valuation of only several dozens of million $ ? Crypto could be there to stay at that significantly lower valuation too, perhaps for a very long time. In absolute numbers though that might render the average crypto's portfollio to potentially 1/10.000 th of it's original wealth. That would be "practicly worthless" looking at it from todays valuation even if cryptos might eventually mature a decade down the line. So where do we place the limits of absolute vollatilety with crypto's currently?
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@hightimes Electroneum going to go live on Kucoin next week, price already up 6.8% in the last hour. I plan on buying more next week ready for the mobile mining launch.
Thanks for the heads up.
I bought 3 dogecoin variants last week, because I know some of them were going to skyrocket.
Unfortunately, the one I didn’t buy went up 6000%.
arbabarshad
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Crypto Market Cap will be dozens of times more than what it is now - it will be more than trillion dollars before the year is out.But that sentiment on itself has few relevance to actual valuation from an investor p.o.v. , is crypty going to stay at a market capitalization of several hundreds of billions is the true question imho. What is there to say for the scenarion where the whole crypto market cap falls back to a valuation of only several dozens of million $ ? Crypto could be there to stay at that significantly lower valuation too, perhaps for a very long time. In absolute numbers though that might render the average crypto's portfollio to potentially 1/10.000 th of it's original wealth. That would be "practicly worthless" looking at it from todays valuation even if cryptos might eventually mature a decade down the line. So where do we place the limits of absolute vollatilety with crypto's currently?
What I don't get is no one seems to be using crypto for it's intended purpose of buying things with it. just buying and selling crypto to try and make money. surely the values fluctuate too much to be used as actual currency? I imagine being a retailer of any size and selling your stock for crypto and there is a huge downturn in it's value would/could bankrupt a company.
Imagine selling your house for £500k in equivalent crypto only to have £100k worth of crypto the very next day. surely for it to work as it's intended use it would have to have a consistent ish value
Imagine selling your house for £500k in equivalent crypto only to have £100k worth of crypto the very next day. surely for it to work as it's intended use it would have to have a consistent ish value
What I don't get is no one seems to be using crypto for it's intended purpose of buying things with it.
lol, how did you conclude that?
many people are buying stuff with cryptos, it’s unbelievable
Each day more and more people are buying with cryptos.
For some other things, like houses, medical bills...the government needs to regulate
lol, how did you conclude that?
many people are buying stuff with cryptos, it’s unbelievable
Each day more and more people are buying with cryptos.
For some other things, like houses, medical bills...the government needs to regulate
What have you bought with them? apart from other coins. I'm not being arsey, just curious. I just think with the amount the values seem to drop and rise you could find yourself overpaying for stuff(I know, maybe underpaying too)
What have you bought with them? apart from other coins. I'm not being arsey, just curious. I just think with the amount the values seem to drop and rise you could find yourself overpaying for stuff(I know, maybe underpaying too)
Only electronics. I’m not buying shit online that I don’t trust.
My wife buys clothing...
But you can buy beer, medicines, chemotherapeutics, food,prostitutes with cryptos.
There is almost no limits.
If you’ll see the vendors if they only deal with a limited type of cryptos...
Just try to stay away from the .onion vendors!!!
Very good point.What I don't get is no one seems to be using crypto for it's intended purpose of buying things with it. just buying and selling crypto to try and make money. surely the values fluctuate too much to be used as actual currency? I imagine being a retailer of any size and selling your stock for crypto and there is a huge downturn in it's value would/could bankrupt a company.
Imagine selling your house for £500k in equivalent crypto only to have £100k worth of crypto the very next day. surely for it to work as it's intended use it would have to have a consistent ish value
Apologies if already mentioned:
Iceland, is running out of electricity, despite having vast quantities of ‘free’ hydrothermal available.
The reason?
Cyptocurrency mining is using more electricity than other thing in the country. The data centres there (for cheap electricity) are running at very high capacity.
Something a bit wrong.
Iirc the bbc website earlier this week had this news, or it could have been on theregister , tired, sorry.
Iceland, is running out of electricity, despite having vast quantities of ‘free’ hydrothermal available.
The reason?
Cyptocurrency mining is using more electricity than other thing in the country. The data centres there (for cheap electricity) are running at very high capacity.
Something a bit wrong.
Iirc the bbc website earlier this week had this news, or it could have been on theregister , tired, sorry.
Scottyboi
Well-Known Member
Apologies if already mentioned:
Iceland, is running out of electricity, despite having vast quantities of ‘free’ hydrothermal available.
The reason?
Cyptocurrency mining is using more electricity than other thing in the country. The data centres there (for cheap electricity) are running at very high capacity.
Something a bit wrong.
Iirc the bbc website earlier this week had this news, or it could have been on theregister , tired, sorry.
Why is it wrong? Put the price up if that is the case.
Thanks for the heads up.
I bought 3 dogecoin variants last week, because I know some of them were going to skyrocket.
Unfortunately, the one I didn’t buy went up 6000%.
Unlucky there lol, I have sold off my litecoin before that fork last night. Pulled a lot of money out as I have a lot of betting to do. However if there is another dip I will be all over it.
Plan on selling my electroneum at the end of the month on Kucoin and potentially buying back in when the price drops. Will see how much I profit from it first.