Do you have proof of that?

Sort of like this:

Yes, read the OP. The sells have figured Bitcoin is not going anywhere, but haven't figured out yet they need to exit from Bitcoin into crypto 2.0 economy, not park their cash in fiat.

That's an interesting theory, I haven't thought about it


How about exactly the opposite happening? People move from bitcoin to doge, because any merchant that supports bitcoin automatically will support doge, as payment processors don't tend to care how many crypto payment options to offer, as long as they charge a fee they'll offer as many as there is demand for.

You haven't seen the real biggest manipulation, man And that ain't in crypto.

1 doge always = 1 doge,
1 kilodoge = 1 kilodoge,
that's my prediction and I stand by it

If a bitcoin whale wants to destroy bitcoin, dumping all in one go would be the stupidest thing he could do. He would most likely do what has been going on for months now - sell at small enough portions to keep the price go down gradually to weed out investor confidence. Maybe someone's actually on that mission now, as the price certainly encourages to think someone's trying to kill it. This strategy also helps to weed out smaller miners and leave bitcoin centralized and thus vulnerable.

Price of Bitcoin doesn't matter. What matters is how large a share of the new crypto 2.0 economy you can buy with your Bitcoins.

FIFY

Crypto is the only free market in the world. Forex/stock/commodity are not free markets. There is a big difference in trading.

Crypto currencies are not a commodity, PoW or PoS, doesn't matter.
Commodity is something that can be consumed or can be used in manufacture production or you can wear it.
Digital commodity definition doesn't cut it either, it's only good to put Bitcoin and others into a specific tax category. Examples of digital commodity are songs, software. Crypto currencies are not digital commodities, you can't use them for their own properties, you can only use them for what they can buy. Which always brings us to utility value and unique use cases. Price of commodity absolutely can go below its cost to produce, if there has been overproduction (or a lot of cheap production) in the past and little demand at present and expected in the future. Price is always a function of supply and demand. Demand = use cases.

PoW is not backed by energy. Do you even know what 'backed by' means? It means you can convert your money to the asset that backs it, at a fixed rate no less. Can you convert PoW coins to Kwh at a fixed rate? No you can't. At best you can hope to convert it to fiat and then buy energy with it, but you can't be sure what amount of energy you can buy in the future with your PoW coins, maybe it'll be zero. PoW crypto is not backed by energy by any sound economic definition. And you can take this to the bank. Too many misconceptions on this forum that become myths and beliefs that people build their prosperity on. No wonder that prosperity often doesn't come to fruition.

I see you have a somewhat balanced view on what you call transactional currencies, which is good compared to those who don't bother to check or think about advantages and disadvantages. I have one question though. When you say people exchange from transactional currencies to another, which supposedly is a better store of value, do you mean crypto, Bitcoin? If you mean crypto, how do you consider it a good store of value with hundreds of percentage points in yearly fluctuations? It makes it no better than a transactional currency. I think it's too premature to call any crypto a good store of value, as there is no history of stability supporting this theory. And once we have no good store of value among cryptos, we're back to transactional currencies.

Hoarding has the goal of delayed buying. Of course, some people can hoard for the sake of hoarding, but most do it to store value for purposes of future consumption. Which again brings us to unique consumption cases that this or that currency can provide.

Well, here is one way to articulate it.

The only real driver of demand for a currency not backed by unique tangible properties (all cryptos fall under that category, PoW and PoS) is when something unique can be purchased for that currency and that currency only. That is the key to success. Why is USD in such great demand? Because you need it to buy oil, no modern economy can operate without oil. Create unique use cases that others don't have and you're ahead of others, but not for long if you stop creating those unique use cases. Algorithms, inflation rates, proof-of-xxx models are not significant. What really matters is what you can use it for. If you think of unique use cases for various cryptos, you may come to interesting conclusions. But you need to try to use various cryptos (PoW, PoS) to be able to appreciate their pros and cons and envisage their potential.

I won't pick one PoS, you know which PoS is ahead of others at this point. This can change, but the concept of PoS is here to stay as long as the concept of crypto currencies in general survives.

Like I said a few days ago, and even twice, most Qora investors only look on Qora as a backup of NXT. If something bad happens to NXT, it won't take a long time to set up nodes, hundreds of them and take over from there to replace NXT. But why bother if NXT fares well? Many people think the same, but I guess I am the only one who speaks it. Do what you want with this information

I don't think I can explain, it's a clash of ideologies. In that kind of opposition verbal arguments, which there's been no lack of recently, just don't work. There is a reason they made the "A picture is worth a thousand words" proverb, because sometimes you have to see it to believe.

You seem to be overall a nice guy, but you're wrong about this one

Yeah, that's not how it's supposed to be done, to put it mildly. It's fortunate that the price is low (it will be for a long time if not always if this is how it rolls), the losses are not big. It certainly undermines investors' confidence. Looks like NXT's backup itself needs a backup or something

Yep. The tipping point alright.

Somebody who you bought them from probably already received the 5% bonus. It would be giving the bonus twice for the same Nxttycoins