Cryptocoin Value and Market Trend Discussion

[lexluthermiester]

At this point it's hard to see many differences between crypto and fiat.

Except that crypto has no physical equivelent, can't be used in common markets and isn't easily exchanged between individual citizens. So whatever..

 

[Bomby569]

Except that crypto has no physical equivelent, can't be used in common markets and isn't easily exchanged between individual citizens. So whatever..

It shouldn't have physical equivalent as it isn't even physical, that would be weird.

It's as easy to exchange fiat as it is to exchange crypto, if you pay the fees, and exchanging crypto in most cases isn't cheap at all. I have ways to send fiat currency to someone else for free even to other countries (sure we had to have the same bank, but still it's there, it exists) and there isn't a way to do it with crypto in general. Fees. Same shit.

 

[lexluthermiester]

It shouldn't have physical equivalent as it isn't even physical, that would be weird.

BINGO! That's very much the point.

It's as easy to exchange fiat as it is to exchange crypto, if you pay the fees, and exchanging crypto in most cases isn't cheap at all.

That's another point. Cash has no transaction fees.

I have ways to send fiat currency to someone else for free even to other countries (sure we had to have the same bank, but still it's there, it exists) and there isn't a way to do it with crypto in general.

Not everyone can do that.

Regardless, we're off topic. Going back on topic;
Unisocks seems to be climbing high. While it one of the more unstable coins it is a higher priced out.

Coinranking | Cryptocurrency Prices - Top 50 List

View the list with all cryptocurrency prices of today. View live values of Bitcoin, Ethereum and thousands more.

coinranking.com

$50k+

 

[ShiBDiB]

Unisocks seems to be climbing high. While it one of the more unstable coins it is a higher priced out.

You know this thread has run its course when the best we can come up with is "this no name shitcoin is spiking.. I admit it's a no name shitcoin but them green lines tho"

 

[OneMoar]

is there a coin accually called shitcoin ?
can we pull a musk here

 

[RandallFlagg]

is there a coin accually called shitcoin ?
can we pull a musk here

Shitcoin

The first shitcoin that is actually not shit

shitcoinproject.com

 

[lexluthermiester]

You know this thread has run its course when the best we can come up with is "this no name shitcoin is spiking.. I admit it's a no name shitcoin but them green lines tho"

That's not really your call to make. This thread is meant to provide conversation about value treads on an ongoing basis.

Shitcoin

The first shitcoin that is actually not shit

shitcoinproject.com

It had to happen sooner or later..

 

[trog100]

it seems that bitcoin is now in danger of being seen as a safe asset.. whoops..

trog

 

[80-watt Hamster]

it seems that bitcoin is now in danger of being seen as a safe asset.. whoops..

trog

"Whoops"? Isn't stability one of the critical characteristics of a viable currency?

 

[cvaldes]

"Whoops"? Isn't stability one of the critical characteristics of a viable currency?

Which is why many financial professionals don't use the term crypto currency. They call them crypto tokens.

As for stability, at least ETH has been relatively stable ever since the merge.

 

[80-watt Hamster]

Which is why many financial professionals don't use the term crypto currency. They call them crypto tokens.

As for stability, at least ETH has been relatively stable ever since the merge.

Regardless of terminology finance folks use, Bitcoin (specifically, don't know about any other crypto, and please correct me if I'm wrong) was explicitly designed with the eventual goal of being used as, or as a basis for, currency. From that perspective, I'm not sure how being stable enough to be considered a "safe asset" rather than a growth vehicle is a Whoops rather than a Win.

 

[R-T-B]

It had to happen sooner or later..

It's actually rather ancient.

That's another point. Cash has no transaction fees.

There's crypto without transaction fees too. But not many of them are what you'd call, ah, stable. The tend to be volatile even more than most of what we discuss here.

 

[trog100]

Regardless of terminology finance folks use, Bitcoin (specifically, don't know about any other crypto, and please correct me if I'm wrong) was explicitly designed with the eventual goal of being used as, or as a basis for, currency. From that perspective, I'm not sure how being stable enough to be considered a "safe asset" rather than a growth vehicle is a Whoops rather than a Win.

my use of the term whoops was meant in a humorous way..

trog

 

[lexluthermiester]

There's crypto without transaction fees too. But not many of them are what you'd call, ah, stable. The tend to be volatile even more than most of what we discuss here.

That's my point. If they're not stable, the value doesn't exist and can not act as a currency.

 

[trog100]

bitcoin and eth are on the move..

trog

 

[ThrashZone]

bitcoin and eth are on the move..

trog

Hi,
Right on time for 40 series release

 

[trog100]

bitcoin up 7% on the day with eth at 14%..

trog

 

[R-T-B]

Hi,
Right on time for 40 series release

Neither are relevant to gpus.

 

[Bomby569]

Neither are relevant to gpus.

this topic is about crypto, not gpu's

 

[lexluthermiester]

bitcoin up 7% on the day with eth at 14%..

trog

Yeah, they are. I wonder what's causing it?

 

[Bomby569]

Yeah, they are. I wonder what's causing it?

pump and dump?

 

[trog100]

Yeah, they are. I wonder what's causing it?

i dont honestly know and i dont think anybody does..

trog

 

[lexluthermiester]

i dont honestly know and i dont think anybody does..

trog

Usually there is a reason for such a big uptick like this. With GPU mining dead and gone, it can not be the new GPU's one the market for eth. Kinda weird..

pump and dump?

Maybe..

 

[The red spirit]

"Whoops"? Isn't stability one of the critical characteristics of a viable currency?

Do you honestly treat cryptocoins as currencies? I just can't see them that way, however they are valuable (even if volatile) and transactable. I would want to call it an asset, but it's as much asset as gold or silver, so not really an asset either.

That's another point. Cash has no transaction fees.

But you pay fees for every bank card transaction.

 

[80-watt Hamster]

Do you honestly treat cryptocoins as currencies? I just can't see them that way, however they are valuable (even if volatile) and transactable. I would want to call it an asset, but it's as much asset as gold or silver, so not really an asset either.

I don't touch the stuff myself, but casually observe from afar out of interest. BTC was named Bitcoin, after all, and has broadly been referred to as a cryptocurrency its entire existence. So it was presumably designed with the intent to function as such, and currently does to a limited extent. A stable valuation would (again, presumably) help that function.

If a given crypto[currency/coin/token] doesn't stabilize and become transactable or useful in some other fashion, then it's just a plaything in this bizarre trading game we're currently watching.