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The FRR wall is below $1.8 million, maybe light at the end of the tunnel for lenders?
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altcoin is kind of a leveraged way of playing bitcoin
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we still need a couple of more years. when online casino is legalized, and takes bitcoin and give bigger bonuses to BTC depositor, it'll take off.
more porn site taking bitcoin will help.
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you cannot cover your electricity cost with mining with GPU - mining is a difficult game
if you mine with GPU, you have to mine altcoin and then sell for BTC, do not mine BTC with GPU.
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The second is because the information to evaluate risk isn't available to majority of lenders. Thus the risk as perceived by 'the market' is meaningless. It's obviously riskier than government bonds, sure, but that only sets a very low floor. Of course there is information available. It's not the first Bitcoin exchange, not the first BVI registered company and also not the first one that does not publish financial statements. There is more than sufficient general (macroeconomic) information on all of this. Also the firm specific information isn't a complete void, just think of system failures, reputation, flash crashes on the platform, etc. There are a ton of variables that relate to credit risk. And of course there are inefficiencies, but this does not make the rate 60-80 times higher than the risk free rate (1 month). It is just the laughable 'market knows best' notion - now that the rate comes down to below that of most credit card and a lot lower than 8 weeks ago, does that means BFX default risk is now A LOT lower? Everyone knows there's risk, risk of hack, platform crashing, flashcrash, btc crashing, banks account getting frozen or them suddenly wanting to be crooks or having been cooking the books all along, etc. but what about the return? In honest opinion, I find the current 14% to be low relative to the risk involve - esp given there are other non bitcoin investments out there where one may argue gives 14% but has a lower / more quantifiable risk profile. But what about when the rate was 150% or higher? Does it justify putting in a few bucks? |
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I still don't think we are there yet, maybe another couple of years; there's still no incentives for the average joe to buy bitcoin and use it as a currency over just using credit card.
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btc maybe replaced by something better - but currently, I do not see any second gen crypto being the one.
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we are still in a downtrend will lots of headwind. Until the day when there's a reason for the average joe to buy bitcoin then spend - the supply / demand will be imbalance.
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Anyone has anything to add to this?
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Maybe that's why Paypal is going to accept BTC.
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We are still in a downtrend. Paypal adoption only makes it worse as supply would increase. For the average Joe, is there any reason to go first buy BTC and then pay for stuff with BTC over using credit card? Until there's compelling reason for the average Joe to do so, you still get that supply - demand imbalance at the current price point.
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the hodler were wiped out in the last 'correction' - and we are still in that downtrend
interest rate may go up again should we get a rally but I just don't see one coming.
wide spread adoption causes more downward pressure - there's currently few incentives for the average joe to go buy BTC and spend it vs using credit card to buy things online.
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Apple and bitcoin are sitting at the opposite end when it comes to philosophy regarding technology, I doubt we will see that day.
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gen 2 was vaporware - gen 3 was a blah, now gen 4 .......
as much as I love ASICMINER, it seem like they ain't making it in the competitive mining space
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more selling - people giving up on bitcoin?! or finding another vehicle to invest in it?
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it's sad, but looks like we are continue trending downward
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