The State of Cryptocurrency

[FordGT90Concept]

He's also deeply involved with traditional wall-street.

Which isn't going anywhere. You know, because assets. Share holders literally own a stake in the company. What asset does BTC have?

And for every example, there is a counter example, like the self-made bitcoin billionaires the Winklevoss Twins.

For every big winner, there's hundreds of losers.

 

[R-T-B]

Which isn't going anywhere. You know, because assets. Share holders literally own a stake in the company. What asset does BTC have?

Irrelevant to my point, which was his obvious bias.

I'd explain to you BTC's asset again but I refuse to believe you've forgotten already. Hint: Global reach? Universal store of value?

For every big winner, there's hundreds of losers.

This is true of any price-variable market.

 

[FordGT90Concept]

Irrelevant to my point, which was his obvious bias.

Then ask yourself if the "bias" is justified? The last few months should answer that question for you. At least with the stock market, you know it's always going to be a net positive because the economy grows. Even if you buy at the peak, you'll eventually be able to still make a profit on the investment (unless you're really unlucky/bad investor). That guarantee does not exist with crypto and it never will.

Pro-tip: good investors try to avoid bubbles because that's where the aforementioned rule doesn't apply. If they see a bubble forming, they sell because the potential profits don't outweigh the risk of losing it all.

Global reach? Universal store of value?

USD presently does both of those things and does it better than cryptocurrency ever can because it's heavily regulated and upheld by the largest economy on Earth.

This is true of any price-variable market. And it's more like a 1:1 ratio.

Which billionaire did the Winklevoss Twins take from?

 

[R-T-B]

The last few months should answer that question for you.

It doesn't. Honestly, the only way you would even make a statement like that is if you are very new to crypto in general. This is just a repeat of repeated history.

USD presently does both of those things.

Not easily by any means. Have you tried moving money globally? Gets expensive...

And no, btc is not the cure for that either...

Which billionaire did the Winklevoss Twins take from?

I withdrew that part of the comment. Tis early and I wasn't thinking much.

Pro-tip: good investors try to avoid bubbles because that's where the aforementioned rule doesn't apply. If they see a bubble forming, they sell because the potential profits don't outweigh the risk of losing it all.

I take it you've never heard of the various risk ratings and why having some high risk options can actually be good for a portfolio.

 

[arroyo]

Which billionaire did the Winklevoss Twins take from?

$65 million from Marc Zuckerberg got in 2004 in court.

 

[FordGT90Concept]

It doesn't. Honestly, the only way you would even make a statement like that is if you are very new to crypto in general. This is just a repeat of repeated history.

Except it isn't. The bubble was created because of awareness. Now that people are aware that cryptocurrency isn't like the stock market (it's much more risky), there isn't going to be a second wave. It's like how people that get burned by timeshares don't buy more timeshares.

Not easily by any means. Have you tried moving money globally? Gets expensive...

Because crypto is dodging fees/taxes. It won't always be able to do that. Governments move slow.

 

[R-T-B]

$65 million from Marc Zuckerberg got in 2004 in court.

Kinda irrelevant to his point and their ultimate final worth, though. He's arguing they ate a lot of little investor money to become billionaires. And he'd be right.

because crypto is dodging fees/taxes. It won't always be able to do that. Governments move slow.

Fees mainly. Commercial fees like paypal. Government need not apply. You know what a "money transmitters" license is right, and what a PITA it is to get one? Crypto bypasses the commercial nature of that.

Except it isn't. The bubble was created because of awareness. Now that people are aware that cryptocurrency isn't like the stock market (it's much more risky), there isn't going to be a second wave. It's like how people that get burned by timeshares don't buy more timeshares.

Ford, I've been in crypto a long time. And this might be a new phrase to you, but to me, you're being a fricking parrot...

 

[FordGT90Concept]

I'd rather play in the stock market where I'm eating corporate profits than people like my parents just trying to make their retirement a little cushier. This is the fundamental difference between Wall Street and pyramid/multi-level marketing/crypto schemes.

 

[Papahyooie]

I'd rather play in the stock market....

Then go do that...

 

[TheoneandonlyMrK]

Which isn't going anywhere. You know, because assets. Share holders literally own a stake in the company. What asset does BTC have?


For every big winner, there's hundreds of losers.

likewise in stocks and shares . we have carillion ,or did in the uk(FACT), to prove this ,talk about flogging your opinion as gospel ,are you a preacher on the side because you have done a shit load of chatting with no evident sign of it being an opinion, so you know better then anyone yes , no i doubt it, and the pyramid scam that is stocks and shares has melted many a pension fund(FACT) hence why many do not now trust their pension, admittedly here say and trash talk on my part ,much like all your talk.

 

[arroyo]

[TROLL POST] Real screenshot from yesterday, no Photoshop. Any doubts?

 

[ZenZimZaliben]

I bought a lot more of several coins/tokens over the past couple days. Now I HODLLLL!! Was really hoping XRP would hit .50 which is where I originally purchased it but I still bought more at .61. ETH is also a good buy IMO.

Also - Stock market is down and I picked up a few stocks I been following.

 

[FordGT90Concept]

likewise in stocks and shares . we have carillion ,or did in the uk(FACT), to prove this ,talk about flogging your opinion as gospel ,are you a preacher on the side because you have done a shit load of chatting with no evident sign of it being an opinion, so you know better then anyone yes , no i doubt it, and the pyramid scam that is stocks and shares has melted many a pension fund(FACT) hence why many do not now trust their pension, admittedly here say and trash talk on my part ,much like all your talk.

Stock market always recovers though because global GDP increases. There is no guarantee with crypto.

 

[ZenZimZaliben]

Stock market always recovers though because global GDP increases. There is no guarantee with crypto.

There is no guarantee in anything...except death. So roll the dice...just be sure you can afford the loss.

 

[FordGT90Concept]

I'm not invested in anything except game shares via Fig and yeah, I can afford to never see a penny off those investments.

 

[TheoneandonlyMrK]

Stock market always recovers though because global GDP increases. There is no guarantee with crypto.

you arent dodgeing my main bullet this time BS ,,,,,Carillion folded, 65000 affected at least since what they were building ,the public required, not all companies recover.

no lifeline for them.

 

[trog100]

Stock market always recovers though because global GDP increases. There is no guarantee with crypto.

the stock market is in a bubble.. its way over priced (pumped up by free money) and the so called assets behind it aint worth what the stock markets claim they are.. the wise are getting the hell out of it while they can.. its basically a dead man walking..

trog

 

[Space Lynx]

He's also deeply involved with traditional wall-street.

And for every example, there is a counter example, like the self-made bitcoin billionaires the Winklevoss Twins.



As a currency no. As a security? Sure. There is money to be made on those fluctuations.



It goes down, it's a pyramid scheme, it goes up, it's a pyramid scheme. I'm firmly convinced at this point there is nothing it could do that would make you say otherwise.

The only investment worth my money for the long time as a security is gold. All the space age competition heating up, technology needed more than ever in all spectrum of life, and population going over 7 Billion. Investing in the minerals that are mined to make lithium batteries and investing in pure gold are going to pay big dividends 30-50 years from now when I plan to retire. But suit yourself and enjoy your block chain.

 

[dorsetknob]

Investing in the minerals that are mined

Especialy the Rare Earth minerals China is the main Supplier of quite a few ( and is also stockpiling for its industrial future)
many Country's are looking to diversify and find replacement sources for rare Earth minerals

This Industry ( and most Technological industrys) Rely on adaquate supplys of various Rare Earth minerals there are too few new Sources being found and developed'

 

[Space Lynx]

Especialy the Rare Earth minerals China is the main Supplier of quite a few ( and is also stockpiling for its industrial future)
many Country's are looking to diversify and find replacement sources for rare Earth minerals

This Industry ( and most Technological industrys) Rely on adaquate supplys of various Rare Earth minerals there are too few new Sources being found and developed'

Yep. and they won't find alternatives imo. I think lithium battery cars are dumb for this very reason. we should be investing 100% into Hydrogen only. I really like Toyota's car designs for Hydrogen so far, they are designed to be impossible to explode in a head on high speed crash as far as I am aware. governments need to come together and push Hydrogen. in the end Hydrogen is the future... imagine 8 billion people and 6 billion of them buy a new smartphone each year someday... on top of all the lithium cars and other lithium uses... we should have just skipped this nonsense and gone straight to Hydrogen. new government funded mass production facilities to help get supply stations up and going, etc. tax incentives to companies wanting to open new business ventures, etc.

 

[ZenZimZaliben]

The only investment worth my money for the long time as a security is gold. All the space age competition heating up, technology needed more than ever in all spectrum of life, and population going over 7 Billion. Investing in the minerals that are mined to make lithium batteries and investing in pure gold are going to pay big dividends 30-50 years from now when I plan to retire. But suit yourself and enjoy your block chain.

Right because you can't do both. You MUST only invest in one or the other.....

 

[jaggerwild]

Bit coin is being propped up, has been for a long time. I guess the proper finally got tired, took his toys home......Where ever it is at(value) its more then it is worth!

 

[FordGT90Concept]

you arent dodgeing my main bullet this time BS ,,,,,Carillion folded, 65000 affected at least since what they were building ,the public required, not all companies recover.

Looks like dumb UK laws to me. Courts in the USA are supposed to try to settle debts and keep the company afloat to prevent liquidation. Appears Carillion went straight to liquidation. Also: people are supposed to diversify their portfolios to prevent holding on to too many bad eggs. That doesn't work with crypto because they're all weak/lacking structural stability.

the stock market is in a bubble.. its way over priced (pumped up by free money) and the so called assets behind it aint worth what the stock markets claim they are.. the wise are getting the hell out of it while they can.. its basically a dead man walking..

It'll shed some, sure, but it will rebound as sure as the sun is to rise. Aggregate business is good right now.

Yep. and they won't find alternatives imo. I think lithium battery cars are dumb for this very reason. we should be investing 100% into Hydrogen only. I really like Toyota's car designs for Hydrogen so far, they are designed to be impossible to explode in a head on high speed crash as far as I am aware. governments need to come together and push Hydrogen. in the end Hydrogen is the future... imagine 8 billion people and 6 billion of them buy a new smartphone each year someday... on top of all the lithium cars and other lithium uses... we should have just skipped this nonsense and gone straight to Hydrogen. new government funded mass production facilities to help get supply stations up and going, etc. tax incentives to companies wanting to open new business ventures, etc.

If the nano-aluminum material pans out, it could mean hydrogen powered cars are ran by filling it up with distilled water. The military is already playing with a hydrogen powered Colorado GM built.

 

[R-T-B]

Also: people are supposed to diversify their portfolios to prevent holding on to too many bad eggs. That doesn't work with crypto

Only it does. You just hold something other than crypto.

Where ever it is at(value) its more then it is worth!

It's worth what people will pay.

 

[rruff]

Hint: Global reach? Universal store of value?

You can buy anything in the world with pretty much any currency. US$ work great.

As for the "universal store of value", what the hell are you smokin!? Crypto is unstable as shit. Pretty obvious from looking at the history. Ether is... ether. There is literally nothing there.

Crypto is good for making illegal transactions. That's it.