For now, the race for leadership is still fully on with Bitcoin having a lead but that’s not carved in stone. It is not said that this will be the case forever. In a use case whereby ‘no fees’ micro transactions are vital, IOTA would clearly have a lead over most other cryptocurrencies, assuming they can get their clusterf* of a wallet and network stability up to standards.
Besides that, having various altcoins around with new variations and technologies popping up all the time is vital for the survival of this digital phenomenon. Adapt continuously or die. So I welcome altcoins instead of loathing them.
... I see a purpose and place for various altcoins.
You guys still talk about all these various coins in some hypothetical future where you see them being "used" for various things. But without the ONE CRITICAL thing, mass merchant adoption, they won't be used for anything other than trading. That's all. Years and years will pass by, and they won't have achieved merchant adoption on any significant level. So what then? Just trade? How long will you guys give these also-ran shitcoins before the fallacy of "some future use case blah blah blah" never materializes? A few years? A decade? Two? There is only so long that something can exist on pure hype. Besides that, having various altcoins around with new variations and technologies popping up all the time is vital for the survival of this digital phenomenon. Adapt continuously or die.
That is a GIANT fallacy if I've ever heard one. Bitcoin in no way shape or form has to continuously "evolve" beyond a certain point to become the predominant form of digital money or digital gold 2.0 on a worldwide scale. (Notice I said "beyond a certain point", bc it is not there quite yet). In the same way Gold does not have to continuously "evolve" to be a sound physical store of value. |
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Thanks, contrarian indicator confirmed. Please tell all your buddies to short with max leverage.  |
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Sorry to break it to the altcoiners and blockchain tech purists, but if a cryptocurrency cannot or is not designed to hold purchasing value that incrementally increases over time, then people just won't buy and hold it. Period. There would be no incentive to hold it long term.
They won't even buy it as needed for e-commerce purposes, because most people will just use their existing fiat-based payment systems that work, because no hassle and no overhead.
And what cryptocurrency is best designed and architected to hold value over time? Bitcoin.
If all cryptocurrencies got wiped out one day (btw not gonna happen), then what would they start over with? Again, Bitcoin.
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Same kind of reasoning could have been applied to bitcoin at the start. Not that I have an opinion about this or that altcoin, just pointing out the hole in your rationale.
What hole tho? The impetus for creating Bitcoin against the other existing forms of payment/banking systems was clear. How about the delusional hole in rationale that says once we have a single crypto payment system that is secure, decentralized, functional, and popular (w/ users, brokers, exchanges, and merchants), that we need another one? Or a thousand more? Ten thousand more? |
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Want to really see that DAG under stress.
Actually, I would like to see: * basic wallet functionality like generating a random wallet address * transactions always confirming * fool proof solution to avoid address reuse (=vulnerable under IOTA system) Before that happens, I do not consider it a buy until below $0.50. /off topic The real question is why would you consider it a "buy" at all? Does it feel good to have a slick hypothetically functioning payment system that mimics Bitcoin, but no one ever uses to buy things with because there is zero merchant adoption? Serious question. I'm trying to understand the delusions and fallacies associated with the altcoin market. So far I'm still not getting it. Or if you just consider it a "buy" because you think it's going to get pumped one day, then just say so. Penny stocks see their day in the sun sometimes too. |
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I like their quote: Friedman added, that Nasdaq futures will be ‘more of an investment than a trading stock’. “ What we might look at is more of a total return futures, so it’s a little bit of a different construct.” Very bullish!! |
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So this range-bound wash trading is very interesting. It seems that for whatever reason, the futures market is intent on controlling the price within a narrow bound.
Good thing, or bad?
In my mind..whales are still accumulating...so its good imho. I dont know if I would go so far as to say we are coiling again...but there seems to be some compression in the ask walls. I am calling for a nice little spike within 36 hours. My call: I don't think the price will move significantly until after close of business Friday. And then it'll bounce around on the weekend, only to come back to same price level on Monday. Same as last weekend. |
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So this range-bound wash trading is very interesting. It seems that for whatever reason, the futures market is intent on controlling the price within a narrow bound.
Good thing, or bad?
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Thanks, but I have kind of an issue with companies telling me what forks I can and can not have.
With a phone I choose what to claim and not.
You go with that lack of replay protection, booooyyyiii !! |
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Why not just get a Trezor for about twice the cost?
Can you download Coinomi, Bither and Bitpie and then claim your forks on a Trezor? SatoshiLabs has to first add Trezor support for the new forked coins, as they have with past forks such as BCash and BitcoinGold. But once they have done that, you should be able to claim and send your forked coins anywhere you wish. They have rules around what Bitcoin forks they will support though: https://trezor.io/troubleshooter/#103 |
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Give me an example where that is relevant to cryptocurrencies.
An actual example where something happened to that persons cryptos because of those viruses, not any made
up theorthical "this or that might happen if the moon is partially clouded while you accidentally walk backwards while seeing a stray cat hunting,"
Do you want to store private keys, and/or enter passwords on a compromised device which may have a keylogger etc? I would, at the very least, want to make sure I could flash this device with LineageOS or something, though this would not mitagate every single OpSec issue... Why not just get a Trezor for about twice the cost? |
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How about this bull-run, though ?
Let's keep the momentum going !!!
I would love that the bull run continues. But the data is a little unconvincing right now. There seems to be an attempt to paint the tape with a double bottom, but on falling volume. Still haven't seen traders return to this market en masse yet. The wait continues... |
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Gold ringing the $1350 bell again... interesting.
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I love in that article how J.P. Morgan provided all the detailed aggregate charts for Bitcoin and other crypto. They sure have a lot of time on their hands to analyze a market that they supposedly can't stand.  |
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Yes, this is what the gov establishment of every country fears the populous (debt slaves) will start to ponder, if their jobs/careers/life starts to flounder due to economic stagnation or crisis:
‘But I was taught that in this land I was free. How can I be called ‘free’ if my destiny is determined not by what I or my community do, but by the actions of dubious people playing with things like sub-prime mortgages thousands of miles away? If we have worked hard why should we, who have nothing to do with this mess, suffer, while the culprits go unpunished and fly around in private jets? Freedom must surely be about more than voting for some fool every few years.’But too late now. Damage done. |
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Gary Cohn, the White House Chief Economic Adviser on tape admitting that job growth and wage growth have flatlined: http://video.foxnews.com/v/5717818506001/Quote:
".... for the last 3,4,5 years, we've had no wage growth in the United States, and the [employment] participation rate has remained stagnant at best.... we NEED to see wage growth in this country, something we haven't seen in almost a decade."Finally we have someone from the U.S. Administration admitting the problem! |
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Every asset is in a bubble. Ok, PMs are rather stagnant the last 5 years  I wonder how GS thinks about this ‘everything bubble’ thesis  True. Good buying op if you like PMs. I sometimes buy a little here and there for insurance, not an investment. Commodities adjusted for historical inflation are also undervalued right now. I wonder how GS thinks about this ‘everything bubble’ thesis Well, since they helped create it... |
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