This morning I saw an article where a guy made a simple calculation through Google trends about HODL strategy, and it showed that call to HODL used less and less from February of 2018. Popularity of word Bitcoin and crypto currency is also falling down. Why it is so? Do not people believe in Bitcoin and it's bright future anymore? No matter on such tend I am going to HODL my founds till bitcoin will not come back to 20k$  This is just a correlation that flows the opposite way you think. Instead of the people posting about "hodling" being a leading indicator of Bitcoin price, Bitcoin price is a leading indicator of people posting the word hodl all over the internet. When the price is constantly touching new highs and everyone feels like they're getting richer, everyone is celebrating all over the internet about the hodl strategy, and "hodl" itself has become shorthand at this point for people in the know to identify each other have share in this subculture. When the price is declining, there's not as much to celebrate and the enthusiasm about the price and "hodl" declines with it. It's probably not necessarily that only hodl posts go down, but probably all Bitcoin-related posts. |
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If the USA and EEUU (that's basically Merkel at this point) decided to ban Bitcoin, and I mean a full frontal ban, including any trading and possession of Bitcoin, it wouldn't still mean nothing in the long term.
Can these guys increase the total 21 million limit supply? no? exactly, and that is their number 1 weapon, inflation. They can ban all day long, and it wouldn't have an impact on the long term prospects of Bitcoin. It will only serve as a way to weed out weak hands that didn't deserve to hold Bitcoin in the first place. And the ironic thing is, they themselves will buy the dip, and a couple of years later when they have amassed an huge amount at cheap prices, they will legalize it again, making all the noobs FOMO back in.
Governments CAN'T kill Bitcoin, and they CAN'T kill the reasons it is desired. Get this straight and drop the FUD.
This is a pretty hype-induced post if you're trying to represent that two of the largest economies in the world banning bitcoin wouldn't tank the price and permanently halt adoption. And to keep with the same language you're using, I am talking a full frontal ban, including any trading and possession of Bitcoin. In a case where possession and trading is illegal, so would working on the code. Improvements and innovation ends, fiat gateways (exchanges) are shut down (because that's far easier to shut down than the network), the price collapses as demand evaporates. What business is going to accept it when it's been outlawed? There'd be no benefit in doing so anymore, putting more nails in the coffin. You may not be able to fully shut down a decentralized network, but we've already seen how vulnerable Bitcoin is to spam attacks, and who is going to continue to use something that barely works anymore? Some random spammers ground the network down to a crawl very recently for months, and you think the government wouldn't be able to clog the network better and longer if they wanted to render it unusable? If you think governments can't kill Bitcoin, you're delusional. What's further is that the post is pointless because it's positing on something that isn't currently a potential development. FUD is one thing, but mindless posts like this are equally as stupid. |
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Regardless of Jim Rogers' history, my rationale for not getting into the US stock market at this point is that the prices are sky high and not justified by fundamentals, because:
- the market was hanging on to the hope of the Trump tax-cut coming true, after the hope of all other potential good news had been dashed.
- the market is largely supported by by companies borrowing money cheap and buying back their own stock, in an environment where the Fed is almost forced to keep raising rates.
To the credit of the elites, there are signs they are trying to deflate the bubble preemptively. (This is all very similar to 1928-29 BTW!) Though this is good policy, it's not a good sign for investors. The elites certainly know a lot more than we do. Either they succeed, in which case the prices should go down before they stabilize, or they fail, which means there will be a worse, market-driven crash down the road (and BTW the latter scenario must be why they try to deflate the bubble in the first place.)
Just about the only scenario that is short-to-medium term bullish for US stocks at these prices is that the elites succeed, in engineering a preemptive reset-by-inflation of the entire system (assuming they are pursuing this for this time frame, which is by no means certain.) In that scenario, it's best just to hold cryptos anyway.
I don't see the data backing you up on this. Price to earnings ratio of the S&P 500 as of May 2018 is 24.17 on a trailing twelve month basis (graph below), which is pretty inline with the average for where we are in the business cycle. It is above the long term historical average, but a tad below the average since 1990 which stands at 24.43 (21.15 back to 1980), so prices are not "sky high" relative to the current era of earnings and especially considering that companies have only gotten more profitable since the tax cuts. The new tax savings will support continued capital returns to shareholders through buybacks and dividends in a rising interest rate environment, so debt will be less crucial for that and will mute the impact of rising interest rates.  |
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Given venezuela's past behavior all 16 exchanges will probably be heavily nationalized. Venezuela seized a General Motors factory in the country last year and has always had a strong anti-capitalist stance which contributed towards venezuela being in the crisis it is in now. Venezuela faces the same issue russia faced under stalin and china faced under mao. Replacing a private sector with government run enterprises(or heavy state regulation) doesn't work as socialism fails to create value or address economic and financial demand as efficiently as markets which are incentivized via competition. Google and apple are examples of this. Both are large corporations that began and were run out of someone's garage. This defines the most efficient method of creating value. Allowing people to create their own business, patent their own ideas and innovate in a way limited by their own imagination. The trouble with states like venezuela is socialists have all the power, they want to limit competition, run and control everything with an iron fist in a way which satisfies their egos/greed rather than solves problems or deals with issues faced by society. Socialists in venezuela have waged a passive aggressive war against capitalism for decades and only succeeded in the limiting the private sectors ability to create value and solve economic problems. This in turn led to an economic downturn which began well before price of oil began to decline and has little or nothing to do with petrol prices imo. Venezuela seizes GM plant as crisis escalatesAmid turmoil punctuated by skyrocketing prices, unemployment, low oil prices and failed economic policies, the government seizure put an abrupt end to GM's operations -- a fate that other companies have faced. "GM is not the first and they’re not going to be the last because the government of Venezuela is desperate for any assets they can take," said Peter Quinter, Miami-based chair of law firm GrayRobinson's Customs and International Trade Law Group. "It really is a vicious cycle they're in." The Venezuelan government has previously seized assets belonging to U.S. companies, including those of cleaning products maker Clorox in 2014, glassmaker Owens-Illinois in 2010 and nationalized a rice mill operated by Cargill. GM denounced the South American country's actions as an "illegal judicial seizure of its assets" and vowed a legal battle, but the company's protections are minimal in a country with a dubious commitment to the law. https://www.usatoday.com/story/money/2017/04/20/general-motors-venezuela-plant-seizure/100684954/ If exchanges in the country are nationalized or heavily regulated by the venezuelan government, I'll go out on a limb here and predict they will be run far more inefficiently with more corruption than other exchanges and as a result they will have a difficult time competing as their userbase and trading volume will likely be low. I actually wonder if they can nationalize the exchanges as it would seem to defeat the purpose in the first place. Essentially, the problem is this: they don't produce everything they need to survive. In order to buy the things they can't produce, they need dollars because the Bolivar has no virtually no value. In order to get dollars, they would normally trade the excess of things they normally produce (oil) and sell it for dollars so they could then buy the things they need from the rest of the world. Because of US sanctions, the trade in dollars for oil is very limited/nonexistant. The economy is therefore very poor because they're having trouble selling what oil they produce. To get around the sanctions, they are going to try the Petro. Additionally, they may set up or allow exchanges in order to facilitate trading of the Petro. The whole aim here is to get dollars into the country. But this won't happen if they nationalize the exchanges. It will fuel larger backlash and ultimately result in circumstances that defeat what they're trying to do in finding a way to get more dollars into the country. For this reason, I wonder if they will even attempt to nationalize the exchanges, or if they even can. They're far too desperate it seems. The great irony is they may have to let little pockets of capitalism in ( GASP!) in an attempt to save the failing socialist system. |
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Well, according to this logic we should have a good dump now. Bitcoin holders shouldn't be taxed for holding crypto. Income tax is usually taken after selling your coins as a % of your benefit from holding crypto. At least this is how it is supposed to be. So it seems like people should cash out now if they didn't want to be charged at the previous year.
All those forecasts are absolute bullsit. People are pointing on the correlation between BTC price changes and tax year, bangladesh interest rate changes, penguin season migration etc. But no one was bothered enough to prove that this correlation really exist. If Tom Lee says that this somehow influenced the BTC price then I expect him at least to make a survey among the US crypto holders asking them why they bought / sold their coins and when.
No, this logic supports the price rise and doesn't indicate a dump is coming at all. Crypto doesn't work like normal investments, you have to pay tax on every "taxable event," not only capital gains when you sell. A taxable event is every time you exchange one coin for another, so if you buy Bitcoin and convert to XRP, that's a taxable event. You're liable for the taxes immediately, not when you sell the XRP. When you convert XRP back to BTC, that's another taxable event, and then another when you sell BTC back to fiat. So if you were trading a bunch of alts, you owe taxes before you convert to fiat, which is why (the theory goes) people needed to cash out crypto holdings to have enough money available to pay their tax bills. I don't necessarily buy the thesis, but I can say that you look foolish for criticizing an idea you didn't even understand. The correlation supports the claim, it is not the cause of it. |
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Not only bitcoincash there is lots of bitcoin forked coins are trading BTG , BTP , BTD out of all these forked coins i could sya bitcoin gold is having awesome team compare to bitcoin cash . These all coins are taking the reputation of bitcoin and creating their own . Mainly these coins are done by whales . When the fork is happening they will keep major share of bitcoin . Then they start to dump coin
It seems Ver has not sold his Bitcoins or made deals to exchange them for Bitcoin Cash. As of today roight now 1 Bitcoin is worth around $9200 and 1 Bitcoin Cash is worth around $1450 Why would Ver or any mouthpiece advocating Bitcoin Cash want to give someone 1 Bitcoin and take back 1 Bitcoin Cash (1:1 swap)? More to the point around 1 Bitcoin = 6.6 Bitcoin Cash, none of these whales have the courage to practice what they preach. If they love Bitcoin Cash so much and despise Bitcoin so much they should sell all their Bitcoins and keep all their stock in Bitcoin Cash. The fact Ver and his fellow whales who promoted Bitcoin Cash have not done that shows they are hedging their bets, wanting to hold on to both without actually believing fully in their Bitcoin Cash creation. It seems to many people that the whales wanted to control Bitcoin, they failed, so they threw their toys out of their prams and spat out their dummies and created Bitcoin Cash knowing they would have hundreds of millions of US$ worth for FREE newly created Bitcoin Cash from the fork as well as keeping their full stock of Bitcoins.It seems part financial gain and greed along with part tantrum, part attention-seeking and part failure to control the Bitcoin team were behind the reasons for the Bitcoin Cash fork. Anyone going into this with a foregone conclusion that forking the chain would create a new coin with enough widespread support to give it billions of dollars worth of market cap is delusional. They didn't/couldn't have known that the fork would have held up as well as it has and that this long later, BCH wouldn't be dead in the water. It's not thriving, but it's not failing either. It's muddling along, right about where Bitcoin was price-wise before everything went insane. Everyone was pretty sure it was gonna fail, and it hasn't done that. I'm agnostic about the two of them, if there needs to be a crypto solution (and I'm not even convinced there needs to be), then I don't care which side blah blah blah; it just needs to work and work well. Both sides are holy righteous about themselves, which frankly is a bit annoying how much space on the internet is occupied by their flame wars. |
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Most of the people who sell off their bitcoin and crypto holdings during crisis are those people who are just new and inexperienced in cryptos. They don't really know that when they sell off their crypto holdings, they are also contributing to bitcoin's market price fall down.
Well it doesn't seem that people are dumping that much now. Most of those weak hands have probably been shaken off during the first quarter blood bath but don't worry, when btc makes a run again, these fomo guys will be back for sure lol Yup, this is true. Most of the weak hands have already disposed their crypto possessions and now regretting their decisioins because they realize that bitcoins are not dead yet and they could've still had the chance to get back what they lost if they chose to hold than to sell. But as what we can see, some are already getting back and learned their lesson. Well, buying Bitcoin isn't investing, it's speculating/gambling because the only way you can make money off it is to find someone to pay more for it than you did for it. Investing is traditionally buying something that has the potential to create income and Bitcoin doesn't and never will, the same way gold will never create income. So losing people who thought they were "investing" and then took on far too much risk and realized it was either too risky or too volatile or wasn't investing, that's not a good or bad thing on the whole. But if you have fewer people going forward to sell to because they see Bitcoin for what it is, that's not a good thing for holders because it reduces the pool of potential buyers. The only way buyers today are going to see any type of return is if there is another wave of fools piling in hoping to get rich. |
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It's quite different because in case of you downloading and especially sharing pirate content, you are actually doing something wrong. While I agree that it's impossible to punish the majority of the people sharing pirate content, it does happen occasionally. It's not for nothing that a lot people now are using either VPN's or dedicated servers to distract attention away from their own download location. It's basically a case of better safe than sorry. On top of that, if you download stuff from your home computer, your IP is publicly known, and thus you can be held responsible for your actions, while if you transact with Bitcoin, only the IP of the first node is basically your taint. In most lightweight clients you can choose the node you connect to or you can even manually connect to a node of your choice. Authorities can't do anything about it.
Do not get me wrong I'm not trying to justify piracy in any way or form, it's just an example to show how difficult it is to deal with a problem at a decentralized level, governments are very good at dealing with centralized opponents of any kind, but they are terrible at dealing with movements without a visible head and that do not depend on it to organize itself, which is why file sharing is still very popular even in this day and age where governments have such tremendous powers of spying over the population, which means that they have almost no hope of stopping bitcoin no matter what they do. You don't have to control Bitcoin itself, you only have to control the fiat gateways, which is already in the realm of what the government does. Fiat gateways are exchanges that will convert crypto for fiat or vice versa. Because these exchanges operate as quasi-financial institutions, which are already very well-regulated, it's not difficult at all to expand current legal requirements to crypto exchanges. All (or at least most) of the major exchanges are already compliant with applicable rules and regulations or seeking to be, and what's more is that users will increasingly demand this so that there is more confidence that any wrongdoing by the exchanges will be accountable. There have been far too many scams and collapses that have happened without consequence to the bad actors, and everyone wants the confidence that the exchanges aren't run by idiots or charlatans. If the industry was capable of policing itself, it would have by now. |
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I think this is to give liquidity to the petro coin from Venezuela? It sounds great that the country that is near to economic collapse is embracing blockchain tech but it also sounds risky for putting the petro in the blockchain way too early in hopes of restoring the economy. I feel pity for the people and hates the corruptions going on. Anyways, I hope Venezuela get back on their feet soon.
This is likely the aim, but this isn't beneficial to crypto in any way. This dictatorship is attempting to circumvent international sanctions on the country with the Petro, and anyone buying into it is helping to prop up the regime. Venezuela just arrested executives of Chevron because they didn't sign a contract with the Venezuelan oil company and Chevron has since pulled the rest of the team out of the country. Source: https://www.reuters.com/article/us-venezuela-oil-chevron/venezuela-arrests-two-chevron-executives-amid-oil-purge-idUSKBN1HO2V7 The Venezuelan state-owned company is full of graft and corruption, and the country keeps firing executives and installing soldiers to run things. This is particularly why the country is failing. The use of the Petro is an attempt to get cash into the the economy despite the fact that international sanctions have mostly cut it all off. By selling the Petro for cash instead of oil, the government hopes to get around the international sanctions, but anyone helping is selling out to support a dictator in hopes of making crypto gains. |
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Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?
I think this will happen regardless of Bitcoin. The US economy (to pick one example) is a lot closer to being a cashless society than it is to being a Bitcoin society. Most transactions are already electronic. People get paid electronically, pay bills electronically, and can already access all their accounts on their phone. Just about every merchant takes all major forms of electronic payment: credit cards, ACH, debit, PayPal, etc. Bitcoin is nowhere near being widely adopted. It's likely the advancements in electronic payments in the traditional banking sector are a bigger threat to Bitcoin than anyone realizes. Bitcoin doesn't offer any improvement over traditional electronic payments. |
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The Mt.gox trustee was started to panic sell when it started to bites the ATH last quarter of the year don't believe that it is a panic sell though, it is the fault of the mix events and news lately, market corrections, Fuds due to the advertisement bans throughout the famous platforms and the tax season this April that's why it got pretty beat up, recovery takes it time to break the resistance of 10k USD as it is fluctuates around 9k USD.
The Mt. Gox trustee was not panic selling because he doesn't have the discretion to panic sell. He's simply following the orders of the court, and the court sets the instructions on how much the trustee is allowed to sell. Price at any particular point has less to do with it than you think because the trustee doesn't set the price parameters or the time parameters, he is only authorized to liquidate holdings to the point he can satisfy the debt obligations he has been authorized to meet, and has to do so within a reasonable or strictly set amount of time. So price probably factors very little into the decision to sell. |
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I fully agree with the top 5; plus I can add - 'treating bitcoin as an investment vehicle'
I do not see anything wrong with treating bitcoin as an investment vehicle yes I know that bitcoin is currency but all the currencies of the world are also investments why bitcoin should be any kind of exception to this rule besides if you see the movements of bitcoin over the long term, the profits it generates then thinking that bitcoin is an investment vehicle is the most logical conclusion. All the currencies of the world are unprofitable investments.  I think here Bitcoin is the exception. While all the fiat currencies showed to be unprofitable, Bitcoin showed itself very valuable and profitable on long term, using the volatility at your favour. Bitcoin can be a currency, but as investment is works too, so I think the mistake made by some Bitcoin users it to close their eyes to this fact... Currencies aren't investments, they represent all the goods/services created by mankind (that is, "value"). Because they are a representation of value, and because value cannot be stored indefinitely, currencies have to depreciate over time as a function of this. If you grow corn and sell it for $100, someone is going to eat that corn or the corn is going to spoil and become unusable, so the value of the corn no longer exists in the world, but the $100 you earned from it does. This constant value destruction means the money that represents the item that no longer exists cannot be worth the same amount either. Currency inflation accounts partly for this constant value destruction. |
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Simple idea to minimize risk in almost any type of investment is to diversify your holdings. Diversifying would ensure that even if one currency of your portfoilo falls down the increase of other could compensate your loss taking you into a nothing to lose situation. Unpredictability is just the essence of any investment so you can't say how to be 100% sure of getting a return and minimizing risk to zero. Technical Analysis could even help you to identify the profit booking stages but they aren't much helpful in long term trading.
I liked your idea, Every trader can afford his lose by investing in other good crypto. Minimizing the risk is very good, financially and psychically. So if any of his crypto fall other will be stable or maybe increase in potential, sometimes, Technical analysis can help some people but as you said, they could help only for short term investement. Traders should use their mind and luck to choose the best crypto that they shall invest on it. The only way to diversify is across investment classes. If you're "diversifying" by buying Bitcoin and other alts, this may lull you into a false sense of security. All the alts are more or less pegged to Bitcoin because of the pairings offered by exchanges. So when Bitcoin rises the alts rise, and when Bitcoin falls the alts fall. This is a function of determining their value based on btc/alt trades. So you're not diversifying if you are invested in an asset class that largely trades in lockstep with Bitcoin. It would be like owning stock in 10 different cereal makers and thinking you're "diversified." Well, you're not diversified against risk if there are secular declines in demand for cereal. |
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I don't think that USA tax season made such an impact on BTC to make it "loose" 45% of value.
I am using commas because BTC never lost any of its value. If you look at the charts as you should be looking and analyzing the price trend from month to month we will see that BTC is in a continuous uptrend. We should ignore the 19000$ price that it reached because that was not a real price being done by a large scale pump. That price wasn`t a natural obtained price and should not be taken as a reference price.
When analyzing the charts we should ignore the pump period and we will see that all the markers are green for crypto investment.
This is a silly reason. The price might have spent a short amount of time at the ATH, but it spent weeks around it on the way up and down. In that time period, there were thousands, if not millions, of transactions that took place of people ratifying the price level and the valuation. You cannot write it off because it interferes with your thesis. The fact remains that the price suffered a 60+ percent drop because it was a bubble that was unsupportable, not because it was a 'fake price.' The price was very real to every person who bought or sold at those levels, and it continues to be down significantly from there. |
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Jim Rodgers has been bearish on the stock market since the 1980s and how well has that prediction worked out? The stock market has been a tremendous engine for wealth accumulation over that time. People who constantly predict economic collapse are tiresome, and it's very much a case of the boy who cried wolf. Jim Rodgers isn't the worst of them, but because there are so many of them, his predictions can mostly be lumped in with them. The bearish sentiment on the stock market has to be viewed as a black mark, even though his own fund handily outperformed. Outperforming something doesn't make the other thing a bad investment. The stock market has been an excellent investment since the 1980s.
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I think people are a lot more agnostic than you recognize as far as BTC/BCH goes. There are hardcore ideologues on both sides that make up a core, and BTC certainly seems to be larger there, but all of these peripheral jumpers on the bandwagons don't care about the ideology, they're just chasing fast profits and lambo dreams. If, and a big if currently, Bitcoin's network were to undergo stress and congestion similar to what it experienced in 2016 and parts of 2017 - sky high fees and a constant backlog of 300k unconfirmed transactions that made the network slow and unreliable (i.e. expensive to use in time and money) - and BCH was sitting there as a near clone but with higher capacity and none of these problems, I think a lot of people's resistance to its origin story get abandoned. The longer the unreliability of BTC's network drags on, the more people's weariness breaks down. I could people slowly importing their profit seeking and lambo dreams to the network that has the capacity to handle transactions fast and easy, and an eventual tipping point where the majority switches sides. A lot would have to happen though to reach that at the current state of things, and it's only Bitcoin's crown to lose. I don't think BCH is going to do anything to innovate ahead of BTC, it's simply going to be a case of stealing momentum if BTC ever drops the ball. If Bitcoin Cash will remain there in the hope to pounce if Bitcoin has problems then Bitcoin Cash is nothing more than an opportunistic shadow. Maybe if it can break out of the control of the whales and Asian exchanges that wanted to ditch Bitcoin as soon as the fork happened and use Bitcoin Cash instead then it might become something more serious. For many people Bitcoin Cash will be a commodity they inherited from the fork not one they purchased. The fact that the whales and Asian exchanges created Bitcoin Cash in order to get rich quick whether or not they destroyed Bitcoin remains the biggest reason people who have been involved with crypto for a long time will not invest in Bitcoin Cash. Those that are new and have no idea about what the whales tried to do will no doubt invest. There are certainly far worse coins that were created for terrible reasons and still exist despite being pure garbage, so I don't have any doubt that BCH will continue to exist for the foreseeable future as well. I'm not sure that being an opportunistic shadow is really that much of a slam since that describes literally every sing alt coin. There are some coins that started with an ideological purpose, but for the ones that have grown successful, every single one of them at a point became too big for politics not to play into it, and this includes Bitcoin itself. Nothing here operates on ideology anymore because there's far too much money at stake. Most of the money chasing gains in Bitcoin is ideology agnostic, and if Bitcoin stops working, they'll leave Bitcoin - not necessarily the crypto space - so the question where they go is interesting. BCH is one option. Ether is another logical choice, and perhaps even LTC. |
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To me, it doesn't even seem like enough gold to do what Erdogan says is the purpose of it. Gonna break the dollar with $20ish billion in gold backing your currency? Good luck I guess?
Erdogan doesn`t want to break the US dollar with this move,he wants to stabilize the Turkish national currency from inflation.Russia,China and Iran really want to break the US dollar dominance,by accepting gold,euro or even state-backed crypto transactions,but they still haven`t got any success. I`m surious why most of the countriues keep their gold reserves in the USA? I should have said break his country's reliance on the US dollar. Of course a country the size of Turkey doesn't have the economic might to impact the dollar in any meaningful way. The best they could hope to do would be to develop the strength of their currency to the point that they aren't reliant so much on the value of the US dollar for trade and commerce. But $20 billion in gold seems insufficiently large enough to be able to create the kind of backing for their currency they would need. Ostensibly, the reason for the gold is to back the currency by something people value more than the fiat, but if people know there's not nearly enough gold to redeem for fiat if they choose, it's should be unlikely to instill confidence. |
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I would be more interested in discussion revolving around crypto indexes. Something like the crypto currency equivalent of a DOW Jones Industrial Average, S & P 500 and so on. How crypto coins might be categorized or grouped. Could bitcoin be considered an entire index given how heavily other altcoins and forks derive value from it. That might be a good discussion and perhaps a topic that is being neglected at the moment.
I could see an coin indexes being separated by coins with limited supply like bitcoin, litecoin, dash, etc. Then on the opposite end of the spectrum an index for coins with unlimited or variable supply which can be printed-without-limit similar to fiat money. Coins could also be indexed or categorized by having "no intrinsic value" contrasting with coins "backed" by oil or a type of commodity. Some coins could be designated as being long term HODL store-of-value while others might be geared moreso for fast transactions and designated as being designed for higher volume "intended to purchase a cup of coffee" type transactions.
There are many different ways to breakdown crypto coins into indexes or categories in an attempt to better understand which direction markets are moving and what facets of coin design and implementation is moving in an upward, sideways or downwards direction.
Essentially crypto is it's own index already. Any grouping of coins based on particular attributes like whether or not they're limited in supply are artificial divisions. Ostensibly, the limited or unlimited supply should already be considered in the price of the coin, so there would be no reason to differentiate them in different indexes, and since all crypto do the same thing, no reason to subdivide them into other indexes. It's not the same with stocks, where the industrial average is (or used to be) designed to measure industrial industry and the NASDAQ is very tech heavy. S&P is the most well-rounded measure of the economy. But crypto all does the same thing, and further, most of the value of alts is because of BTC pairings, not self-sustainable demand, so an index seems like it would be highly uncorrelated to anything of value except the price of Bitcoin itself. |
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I was talking with a friend of mine about cryptocurrencies and he said: "Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. " Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions? Count me in as part of those 99% because I strongly believed also that fiat currency is better than Crypto currencies specially Bitcoin currency in talking of spending. This is due to fiat currency is the most conveniently way to use for our everyday spending unlike Bitcoin in which we need the power on internet in every transaction and also we need to wait blockchain confirmation before the successful spending. This is very far away much inconvenient than fiat paper users in which even children can use the paper money instantly. Not to mention that deflationary currencies have been tried and abandoned because they're a harbinger of death for an economy. We've had a deflationary currency before and it wasn't particularly good for the economy (see the Gold Standard and the reasons it was abandoned). Among the worst attributes of a deflationary currency is that they disincentivize economic activity because people either can (or believe they can) become richer by holding money. Less economic activity makes the economy weaker and the participants poorer, thus negating any value the currency would gain by being deflationary. A currency only gains value when the goods and services an economy creates grows faster than the money supply, so a non-growing economy because everyone is saving makes everyone poorer. |
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OMG! btc prices continue to decline, most likely the price of other coins also decreased.
we need improvement in the face of this situation.
in my opinion 2018 really a lot of surprises.
The fall of bitcoin in the last few months was probably one of the deepest and longest. Many holders of coins and tokens, probably did not survive in this situation and asked for their own currency at a loss. And here you need to be able to wait and hope for the best. In the last few days, bitcoin shows steady growth, now it has already exceeded in its price more than 8,800 dollars. This may be the beginning of his bullish growth. Along with him began to grow and altkoins, so that life goes on. It hasn't exactly shown steady growth. It's choppy as all get out. It goes up temporarily, then it goes down again and trades in a valley. Then it's up again on a big trade, then shortly down again. It's only in the last day really that it went up a bit and didn't go back down within a few hours. This is neither steady growth or confidence inspiring, but I guess I can see why people are desperate to cling to any good news they can find, even if they have to disregard other facts that paint a different picture. Here's a chart of Bitcoin's price over the last 7 days, you can see it's trading in buttes and valleys. It kinda just looks like a big trader who pushes the price up to see if he can get any bandwagoners to jump on and continue pushing the price up, and when that doesn't happen he sells off a few hours later and then tries again after awhile. The fact that people aren't piling in is perhaps a sign the market is losing some of its irrationality perhaps, but that would also suggest that nobody currently thinks Bitcoin belongs higher than this, otherwise you'd get larger and more sustained price movements when the price starts to move up like we have in the past.  |
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Why it is so? Do not people believe in Bitcoin and it's bright future anymore?
