Hold, like - don't even think about selling for crashing fiat. That's the end game.
Exactly, this. Unlike investing in most other asset classes, with bitcoin (if you take the loooonnnngggg view) you don't have to have an exit strategy. But you do have to have a "hold on for dear life" strategy because the ups and downs will test a lot of people. |
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Vitalik Buterin said that staking will you earn around 5 percent annually. Is that enough? When I calculate with 2% inflation, then it is not enough to motivate me.  I agree, plus with the penalty if your machine is hacked and used in a block attack means you'd lose your whole stake. I need to hear more about what the final upgrade looks like but so far I'm not motivated to stake. |
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More people are using Eth than ever before, for its intended use as a platform for decentralized applications. The ICO thing was always a distraction.
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Observing $10,249
Bottomed out at $9,5xx this morning?
And now $10,330 Forget about the morning 🤪 That makes sense, my auto-buy doesn't happen until tomorrow morning, so I'm guessing we'll be >$13k by then. |
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Unlimited supply is the big drawback that ethereum has People always say this but it simply isn't true. The supply growth goes towards zero asymptotically and will because of that eventually become deflationary. It functionally has a supply limit, just not a preprogrammed scalar cap value. These are basic things people should know before they invest. |
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This should be interesting, but won't the state run banks just close? China is a dictatorship at the end of the day no matter how they try to wrap it. I'd tend to agree but it will be interesting to watch. |
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China is not in the same situation as Soviet Russia was economically or politically based on my very cursory and casual reading of the news, I'd be very surprised if China doesn't get a handle on this. I'll go read that article, thanks for sharing. How do you know in what situation they are? Getting handle on this? I am surprised that US is not supporting Hk all the way. What happened to pro-democracy stance? I don't think the end of the Soviet Union has a lot of parallels with the current HK crisis. China is not a bankrupt oligarchy with a large unhappy population. The US should support HK's pro democracy push, but I seriously doubt this will be the spark that brings down Communist China. |
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I really had no clue this shit had gotten so bad, i was under the impression china had a hands off policy on HK. Apparently thats bullshit and after alot of googling and watching youtube vids I still have no clue whats going on there. I thought HK was the Golden Goose, is china trying to kill it?
Seriously if anyone can explain wtf is going on or link something that doesn't take a day of research to wade through that will sum up what the deal is, post it please.
Hong Kong Activist Leader Calls For A Run On Chinese Banks TomorrowThe shit is hitting the fucking fan. That's what happening in HK. Tomorrow will be a good day. Here is a good article explaining the protests: https://www.theguardian.com/world/2019/aug/13/what-do-the-hong-kong-protesters-wantI remember the fall of the Soviet Union. It is possible that Hong Kong will be the spark that tips over the Chinese Communist Party. Especially if the protests spread to Taiwan and Macau. China is not in the same situation as Soviet Russia was economically or politically based on my very cursory and casual reading of the news, I'd be very surprised if China doesn't get a handle on this. I'll go read that article, thanks for sharing. |
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Bitcoin has more utility value in a technologically oriented world & its value will continue to grow as economies become more digitised. Gold on the other hand has been used for thousands of years as a proven asset & is not dependent on the internet, thus harder to regulate by the government, if they decide to do so.
I would argue that gold is very easy for gov't to regulate. There is ample history showing this. |
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I don't know, but I will point out that this very site, the largest discussion group of crypto in the world has a very large percentage of people discussing gambling all the time, it has its own section. And I've noticed a LOT of people here confuse gambling with investing. So it wouldn't surprise me but 60% seems awfully high. •Investing and gambling both involve risking capital in the hopes of making a profit. •In both gambling and investing, a key principle is to minimize risk while maximizing reward. •Gamblers have fewer ways to mitigate losses than investors do. •Investors have more sources of relevant information than gamblers do. • Over time, the odds will be in your favor as an investor and not in your favor as a gambler.https://www.investopedia.com/articles/basics/09/compare-investing-gambling.asp |
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They believed more when the rally of 2017 was happening than they do now.  |
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Really don't care if someone wants to waste time tracking my addresses. All my shit is above board, it's not any more of a threat than having a bank account is.
I hear ya, but otoh if someone has your personal info and your addresses it makes it just that more likely you'll be hacked. Ain't no one got time for that. With a bank account you have the supposed protection of the insurance and institutional safeguards. With your own accounts it's just you doing security. Criminals go after the easy targets. |
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One time this security guard warned me against drinking GSM gin, he said sometimes people literally don't wake up the next day after drinking it, but I'm still here, so...
I only drink the finest Dominican Republic brewed methanol.  |
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