Cryptocoin Value and Market Trend Discussion

[Outback Bronze]

Free your mind Neo ~

Believe me I try everyday : (

 

[Zach_01]

Looks like a decent gain across the board from the yearly lows. I'm wondering if its set to go past the ATH? It's looking like it personally.

I sure hope so for a new ATH, but I'm not forgetting the past also...

Is this making any sense? I think even if it hits ~50k (point 4) the 20k/<20K (point 5) could still happen.

 

[Outback Bronze]

could still happen

Anything could happen matey. This is crypto. Ride the wave : )

 

[trog100]

Anything could happen matey. This is crypto. Ride the wave : )

bitcoin is approaching 44K and eth is up over 3000.. i think we are now well and truly in an up-trend.. how high it goes is anybodies guess..

i recon new all time highs are definitely on the cards.. the wave is looking good..

gold is taking a hit and the stock markets are flat..

trog

 

[lexluthermiester]

gold is taking a hit and the stock markets are flat..

More or less proving that the cryptocoin market and stock market are not linked and don't really effect each other to any serious degree.

 

[trog100]

More or less proving that the cryptocoin market and stock market are not linked and don't really effect each other to any serious degree.

money moves about.. people tend to park it where they think they will see the most gains.. i think all markets are loosely connected if not in an obvious way..

i suspect some money is moving from gold into crypto.. gold goes down crypto goes up.. the same will apply to the stock markets.. money can also move from all markets into cash for maximum liquidity.. this happens when people aint sure where to park their money.. it will move somewhere when people make their minds up..

the future is uncertain nobody knows for sure what is going to happen..

trog

 

[ppn]

I sure hope so for a new ATH, but I'm not forgetting the past also...

Is this making any sense? I think even if it hits ~50k (point 4) the 20k/<20K (point 5) could still happen.

Makes perfect sense, a scaled up model of the past. Doesn't matter what point is hit, It will go down any day now. It has been doing the same thing for months, the 20-26 lowest point then growth to the highest point for about 2 weeks. They could drag this thing until the 15th, it will flatten overall.

 

[Space Lynx]

AMC says it'll soon let you pay for your movie ticket in bitcoin

AMC is jumping on the crypto bandwagon.

www.cnn.com

I really hope Congress adds an extra climate change tax to each transaction made with Bitcoin. I doubt if they do though, since they can't agree on anything. Useless

 

[the54thvoid]

AMC says it'll soon let you pay for your movie ticket in bitcoin

AMC is jumping on the crypto bandwagon.

www.cnn.com

I really hope Congress adds an extra climate change tax to each transaction made with Bitcoin. I doubt if they do though, since they can't agree on anything. Useless

How much physical material is used to create paper and coin? How much energy is used in that production? Then factor in server costs in watts from the process of card payments. Both systems use massive amounts of energy.

 

[Outback Bronze]

Both systems use massive amounts of energy.

You stole the words from my mouth.

 

[lexluthermiester]

How much physical material is used to create paper and coin? How much energy is used in that production? Then factor in server costs in watts from the process of card payments. Both systems use massive amounts of energy.

Yes, but once paper and coin money are minted, maintaining them involves no energy at all where as cryptocoin exists digitally and as such requires energy to maintain on an ongoing basis..

 

[trog100]

Yes, but once paper and coin money are minted, maintaining them involves no energy at all where as cryptocoin exists digitally and as such requires energy to maintain on an ongoing basis..

i live in the UK as opposed to the US.. i rarely use cash money mostly what i buy is with digital money via some kind of electronic connection...

cash is only useful for the odd black economy transaction i engage in.. for example i just paid a guy £50 cash in hand no questions ask to cut my grass..

trog

 

[lexluthermiester]

i live in the UK as opposed to the US.. i rarely use cash money mostly what i buy is with digital money via some kind of electronic connection...

cash is only useful for the odd black economy transaction i engage in.. for example i just paid a guy £50 cash in hand no questions ask to cut my grass..

trog

Well, but you're an odd duck. Most people still use real money on a frequent basis.

 

[Space Lynx]

How much physical material is used to create paper and coin? How much energy is used in that production? Then factor in server costs in watts from the process of card payments. Both systems use massive amounts of energy.

Fiat is not going anywhere, Fiat was never going to go anywhere, Fiat has always existed, you are making a redundant argument. Crypto is new, and within 10 years of its existence added so much electricity use that had no need to be there (cause again Fiat is not going anywhere), why make the problem worse?

Y'all will find out really quick when the heatwaves get so bad power grids start going out and you are sitting in 120 faren heat.

I agree fiat is also a problem, but no reason to add problems to problems, especially to fiat which again, won't go away just cause crypto exists.

Therefore, one must conclude, the original mission of the Paris Accord is the best one, we must figure out ways to reduce climate change as soon as possible, and NOT ADD to the problem on top of that.

i live in the UK as opposed to the US.. i rarely use cash money mostly what i buy is with digital money via some kind of electronic connection...

cash is only useful for the odd black economy transaction i engage in.. for example i just paid a guy £50 cash in hand no questions ask to cut my grass..

trog

50 pound to cut your grass wow, you must have a massive yard. you might pay someone for a medium/big yard where I live about 20 bucks. we have a rider though, so we just mow it ourselves in about 10 mins with the rider mower, can do it in 5 if you crank the speed up. lol

 

[trog100]

Well, but you're an odd duck. Most people still use real money on a frequent basis.

i dont think i am that odd... my weekly super market shop is done with plastic.. most of the other stuff i buy is done online and done electronically..

older people (though i aint no spring chicken) are the ones that still use cash..the ones that still collect their pensions in cash at the post office.. the thing is its just too easy to use plastic.. in the UK there is a strong move towards plastic and away from cash..

in china its all done with their phones..

i recon you are somewhat behind the times lex.. time to catch up.. he he

trog

ps.. on the subject of planet saving.. i just built an electric trike.. for the first time in years i have explored my local town.. i can go anywhere with it (local) and park it anywhere.. i never normally visit the town for lack of places to park my truck.. i also tested it out for my weekly food shop.. my fuel guzzling truck got left at home and i used my electric trike.. it passed the test with flying colours.. mind you it was a nice sunny day.. he he..

 

[lexluthermiester]

i recon you are somewhat behind the times lex.. time to catch up..

There's a good bit of wisdom that applies here. If it's not broken, don't fix it. Cash money works and isn't easily controlled by governments.

 

[Space Lynx]

i dont think i am that odd... my weekly super market shop is done with plastic..

I buy all my stuff with plastic card too. I still think cash is important for keeping independence though for oddball stuff like if need someone to mow the lawn as you mentioned. What's wrong with the current plastic card system is my only question. It works instantly when I checkout at the grocery store, and the next day I see my bill for it.

I don't want to it to work any faster than that actually, for identity theft issues. If someone steals my stuff, I will notice it and have time to stop it.

I just don't see the need for crypto other than the dreams of it going up in price and hoping to get rich, which has happened for a lot of you, so I mean congrats I guess, but I see no need for it as an actual tool for the economy to work.

 

[trog100]

I buy all my stuff with plastic card too. I still think cash is important for keeping independence though for oddball stuff like if need someone to mow the lawn as you mentioned. What's wrong with the current plastic card system is my only question. It works instantly when I checkout at the grocery store, and the next day I see my bill for it.

I don't want to it to work any faster than that actually, for identity theft issues. If someone steals my stuff, I will notice it and have time to stop it.

I just don't see the need for crypto other than the dreams of it going up in price and hoping to get rich, which has happened for a lot of you, so I mean congrats I guess, but I see no need for it as an actual tool for the economy to work.

the need for bitcoin is a universal means of exchange that cannot be controlled by any individual government.. currently governments are debasing their own currencies by simply printing more and more of it to suit their current needs.. the problems with this should be obvious to anybody that gives it some thought..

the snag with joe public using plastic is when governments get rid of cash like they would like to they will know where every penny we spend goes..

i ask a simple question.. how the f-ck are we gonna find anybody to cut our grass.. he he

i happen to believe that the black economy is the lubricant that makes the wheels of the real economy go round.. but that is just my thinking..

however clever we get the f-cking grass is still gonna need cutting..

trog

 

[Outback Bronze]

i live in the UK as opposed to the US.. i rarely use cash money mostly what i buy is with digital money via some kind of electronic connection...

cash is only useful for the odd black economy transaction i engage in.. for example i just paid a guy £50 cash in hand no questions ask to cut my grass..

trog

Yes I have to agree 100%. I use plastic/digital transactions like 99% of the time. There's no way in hell you are the odd duck what bs lol. I think somebody else is..

 

[Space Lynx]

the need for bitcoin is a universal means of exchange that cannot be controlled by any individual government.. currently governments are debasing their own currencies by simply printing more and more of it to suit their current needs.. the problems with this should be obvious to anybody that gives it some thought..

the snag with joe public using plastic is when governments get rid of cash like they would like to they will know where every penny we spend goes..

i ask a simple question.. how the f-ck are we gonna find anybody to cut our grass.. he he

i happen to believe that the black economy is the lubricant that makes the wheels of the real economy go round.. but that is just my thinking..

however clever we get the f-cking grass is still gonna need cutting..

trog

I 100% understand what you are saying and see the danger in it, but I look at it like this: if the voting Democracy truly has failed, and we won't be able to vote in people who can keep us at a good standard of living and the currency strong, then this whole experiment called civilization collapses, and I am not sure any currency will matter at that point in chaos.

Yes I have to agree 100%. I use plastic/digital transactions like 99% of the time. There's no way in hell you are the odd duck what bs lol. I think somebody else is..

I use cash at fast food or places like pubs/general food places, cause there have been a lot of skimmers stealing people's card info in last decade or so. So I prefer cash at places like that. I also use cash at gas stations for same reason. But if its a big store like wal-mart I am fine with using my card.

 

[lexluthermiester]

cause there have been a lot of skimmers stealing people's card info in last decade or so.

This. Sure cash can be stolen, but there's a limit to the damage, how much is on you.

 

[Outback Bronze]

I use cash

When corona hit down under a lot of places would not even except it. Cash is dying.

 

[moproblems99]

Well, but you're an odd duck. Most people still use real money on a frequent basis.

Well then you're* an idiot. I save 5% (or more, also or less) from credit cards rewards. In a little less than 3 years, I racked up $3000 in rewards. I also didn't have to pay interest since I paid the card off every month.

Think smarter not older.

*Royal you.

 

[Outback Bronze]

credit cards rewards

Yep, gone on a few overseas trips with my cards rewards. Good point!

 

[Space Lynx]

When corona hit down under a lot of places would not even except it. Cash is dying.

sure, but they are accepting cash again now. at least around here they are. covid is over. get your two jabs. move on with life, and probably every year get your dual jab which is flu/covid together. and we keep living. that's life.

Yep, gone on a few overseas trips with my cards rewards. Good point!

yep, when I visited my relatives in England a few years ago, I got a lot of bonus points, was nice.