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The thing with these elecricity companies is the lack of expansion, which pretty much means that they have a monopoly in the area they're in and they're not going to expand more to get more customers -- unless more building occurs where they are. Due to these, these stocks don't have much volatility. These stocks are income stocks, meaning that they pretty much just pay out a good amount of their earnings in dividends to people who own their stocks.
I'd rather buy an index fund then bet on different companies.
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Complete and UTTER NO. You shouldn't be gambling with OTHER PEOPLES MONEY that you're going to have to pay back, it's a huge waste and you're going to be left with debt in a volatility market like this -- or left with nothing, depending on how the margin works on whatever exchange you're getting it from.
Only invest what you can afford to lose, you're asking to lose if you're investing with others' money.
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Without a doubt decentralized is the best, but the problem with decentralized is the fact that someone has to develop a system that neither party is able to screw. Which when you think about it, with all of the money on the line when it comes to trading crypto, that system is going to have to be BUILT WELL for the ability to do trading on it. I do think that people don't trust the fact that they're doing to have to work p2p when they can just work with a company that is regulated -- As people feel more trusted when they're working with a trusted name.
With the trust factor, I think I'd rather use centralized reputable exchanges until we have good decentralized ones.
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People nowadays used to hold bitcoin instead than to circulate it, how may if affect in the stock or volume of the bitcoins?
Definitely yes! Holding it had more positive implications to it market value in the longer term than on selling and falling market because the price value will fall. If many tends to sell its market tends to drop and its value is decreased, where as if we hold the number of investors are kept and more investors tend to get encourage to invest thus adding more players in the market place increasing more demand on the product or system. Take for example the recent depression on the bitcoin market starting january this year up to late march many has sold out due to the downtrends in those months and price really went down. I mean when you think about it, if everyone is holding during a price run up then people are going to be scared that the HODLERS can cause the market to crash at any moment. This is a problem, meaning that all of the people that were in here to profit from the long term growth could sell at any time and make a killing from it -- think about it, if all the holders sold the market would be in a state of disarray. You have to think smart, not dumb folks. |
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Who knows what their reasons are, they may be doing it as a favor to a fellow investor who is shorting bitcoin. Maybe they think they can get away with it and then get more respect as being the people who called the end of crypto. There's no reason, in my mind, for them to make a call like this unless they have skin in the game themselves. Unless they're just trying to get some airtime and get their names out their again, though this doesn't seem like it's needed for these guys anymore.
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Pretty surprising to see Switzerland back up on a list for secrecy and such after the 2008 banking crisis, you would think that they would be forced to change their laws in Switzerland after allowing for the rich to leave their money their (with no way of it being taken back by any other government)
Who knows though, because if the international community asks for crypto transactions they'll probably cave and force companies into working with them. They didn't do this with the bankers because of how rich, powerful, and politically connected the bankers were. People in crypto simply aren't the same as the bankers.
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Well I do have a couple questions to ask before we continue, have you sold the coins yet? As if you haven't then in theory you haven't lost anything yet, everything is on paper until you actually sell. You also cant say that you shouldn't think that all of this money is fine to lose, even if you can afford it it's not something which you would want to happen.
You have to take your emotions out of this trading, HODL and let the market do what it does. That's the best thing to do.
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Before cryptocurrency come into existence there were so many things and places people were investing there money in. Let me mention some things I do invest in apart from cryptocurrency. Real estate, oil and gas, and agriculture.
I'm going to guess when you speak of each of the other items (besides real estate) You're talking about investing in commodities, not something that I would do nor do I think it's traditional but it is something nonetheless. For me, I invest in traditional markets like anyone should be doing. I don't think anyone should have TOO much money in crypto, as investing here is like investing in penny stocks. No one knows if the market is going to freak out and go to practically zero. While this is still something that could happen in traditional markets, if it was to happen there WOULD be a global financial meltdown. So this is not something which I would expect to happen as quickly as crypto going to shit. |
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I'd actually be more interested in seeing how big of a part green energy is of those statistics...
I'd imagine it could be a lot cheaper to generate your own power with either solar or wind, especially for large-scale mining operations.
What's the problem with Bitcoin mining taking up so much power? Would this be an issue if the missing capacity was filled with additional renewable energy?
I really think that in some point in the future, we're really not going to be worrying about power anymore. Once we transition to highly efficient and environmentally-friendly renewables, power consumption might not even be an issue anymore. We're still pretty far off from that, but I do think we'll get there eventually. (If we don't destroy our planet first)
I highly doubt it is much, due to the fact that most of the mining happens in cheap areas (such as China) which rely heavily on coal miniing. Which everyone knows that there is nothing, and I mean NOTHING, clean at all about coal. So if green energy has even 5 percent of an involvement in all bitcoin then I'd be insanely surprised, but it is still possible. No one is going to be interested in being efficient when being efficient is going to cost more than not caring at all. It's sad, but people do only care about their bottom line at the end of the day. That's just how the world works. We'll see what the future holds for green energy. |
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I mean, of course this is going to happen. When the price of all cryptos get a large haircut the profits of mining is going to decrease by a massive amount so this is going to lead to less and less people getting involved with crypto mining. When you think of it, it is dumb for people to leave due to this -- as they probably joined in when the price of btc was around 15k (all other coins were higher as well)
If people really do want to speculate and can hold their coins for sometime, then continue to mine now. They'll do fine out of the deal as well. Worst case they don't make as much money as they thought they would. Best case they sell their coins for a large amount in profit.
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It also really matters what you mean when you say hijacking the movement, because as of right now all of the new coins and such have pretty much just been shit and trying to ride off of the love of all things relating to the blockchain movement. So if big companies were to get involved I do think that more people (regular everyday people who don't care about bitcoin yet) would want to get involved with these movements as they have the backing of people they trust.
So, no, I think that at least in the start they're going to help in them being more adopted. From there though, who knows.
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This is true, and this is what bitcoin needs to go into the next level of being accepted. If we don't do such a thing, then we're not going to be able to compete in the real world with big merchants such as visa, paypal, etc. If we're unable to get to this point, then we're going to have problems when the network is congested (such as high fees, long wait times for confirmations, and a holdup of the entire network)
I'm really hoping for large-scale LN adoption once it's ready.
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No one really knows if this is really an issue as of yet, as there is an investigation which must commence in order to see if there is REALLY an issue -- which is why the word raid makes this sound like they were doing something highly illegal. Reading an article on it from a more reputable site (the merkle - https://themerkle.com/upbits-investigation-has-nothing-to-do-with-fraud-everything-to-do-with-pooled-liquidity/) Says that regulators may simply just be confused with pooled liquidity, as upbit could have been sharing their reserves with othersites So we'll have to wait and see, that's the only way. |
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Honestly unless I see some proof showing that he's trying to actively short bitcoin and is really putting his money where his mouth is, then I'm going to think that he's just doing this to scare some people about bitcoin due to the big name which he has in the financial and investing space. He's just trying to use the mass amount of media coverage that he knows he's going to get when he opens his mouth
I'd like to see this guy put his money where his mouth is, I think the winklevoss twins even told him how to short bitcoin if he was REALLY BEING SERIOUS
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I know that everyone here loves to say that we're decentralized, but we're really not in the least. Most of us are buying our coins off a centralized exchange (Kraken, Gdax, Coinbase, Gemini,Paxful,etc) And then using a wallet provider (blockchain, coinbase, etc) (some use others, but the majority is still centralized here) And then trade coins on centralized sites, post on this centralized forum, and then use bitcoin (the only decentralized thing here)
Companies are coming in to fight for the centralized portion, which is the large majority of bitcoin. They see a lot of money to be made, and we all know that it's ripe for the taking if they're able to wow us all.
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That just simply isn't true, volatility in value is a huge problem when you're trying to establish yourself as a currency. Lets just say this sort of volatility was present in the USD, that would mean that one day everything I have could be worth 50 percent less (or more) then the last. While it is good when the price goes it, it isn't good at all (it's horribly catastrophic) if the price is to crash and you lose value in pretty much everything
Volatility must stop if we want to become a currency.
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Becuase bitcoin is the one that is actually being used, they're not trying to leech off the hype of bitcoin (like bitcoin cash, gold, super, etc -- tons of more shit bitcoins) Bitcoin is the only one being used, unlike the other ones which are simply trading coins that are being hyped by their use of bitcoin in the name.
So it's pretty simple, bitcoin is the REAL bitcoin and is, of course, going to be better.
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I don't really think it's fair to blame them on banning of the crypto ads on their platform. They did this due to the fact that most of the ads relating to crypto on Facebook were pretty much scams, so this is actually good for Facebook and good for us in crypto (as it removes the fact that crypto is a scam)
I don't think they're going to release their own coin, it doesn't make sense for them
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No one knows, the only way is to say that the market is doing it is going to go whatever way it wants. There's this great scene from the wolf of wall street "I don't care if you're warren buffet or jimmy buffet, you don't know which ways the market is going"
Some people may attribute it to the last big news story, showing that the korean exchange upbit was under investigation -- though this does seem like a massive misunderstanding.
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Market is definitely not degrading right now.. Everything turned green and those greens are really high percentages %20-40. But I cannot deny the fact that market may still degrade after this cause its very unexpected.
Then again, does anyone REALLY Know what the market is doing right now? No, no one does. The market could be going up into the sky or it could be rising a tad before it's time to crash, and can anyone predict this? No, no one is able to know what's going to happen. No one can tell the future. We'll see what the market does, but you're going to have to wait some TIME to figure it out folks. |
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