I don't give a shit about anything short term.

40 grand is only a doubling of the all time high. Yes it's possible. Interest will have to swell that much more and exchanges would have to up their game and reopen to newcomers for it to happen. If everything falls off a cliff before then then I expect there'll be some action around the next halving in mid 2020.

It's not fully open source and the exchange and volume situation is weedy compared to all the other top coins. I think these will count pretty heavily against it.

However compared to a lot of the other shit in the top 20 it has other strengths.

Nope. Which is odd because at certain points ETH has had higher volume than BTC. I assume they'll get around to it eventually. I'm still waiting to see if this introduces a two speed crypto market where people actively avoid coins with futures.

Says everyone who day traded and completely fucked it up.

100 years is pushing it. 2-3 isn't. If everything goes up in smoke around now 2020 is likely to be a rather attractive year.

I presume you entered this knowing you might have to wait several years before you were in the black again? That was the case for anyone who got in in late 2013. Sucky but a fact.

I would hope that they were bright enough to figure out that the properly decentralised coins have their value primarily because of that decentralisation. Similarly for better or worse certain banks and institutions will actively want something centralised.

I guess ultimately it's not intended for people already down the rabbit hole, but I do wonder if it'll actually help the clueless.

It would make the case for BTC 10 times more compelling. A currency directly controlled by the central bank would be an Orwellian nightmare. They'd have absolute control over every aspect of everything. The current setup can be influenced but it's a ragged mess of companies and routes. With their own crypto they could do anything with the press of their big red button.

https://www.cnbc.com/video/2018/01/19/weiss-ratings-starts-grading-cryptocurrencies.html

More from the man himself. There are going to be four metrics. Potential upside, downside, technology and fundamentals. He rates the latter as the most important which involves adoption and security.

Eight grand seems to be a common figure being bandied about. The more common a figure is the less likely it is to be correct. Either we never brush it and stay above, or it goes way, way below it.

So they're going to be taxed pretty much like everywhere else. Oh the humanity.

I can't believe a professionally run country has been so stunningly slack as South Korea. No regulations, no tax outlines, no preparations at all until their back is fully against the wall. Pathetic.

Nope.

In almost all cases the person who receives the money mistakenly and spends it is prosecuted for knowingly spending money that isn't theirs.

Of course with crypto this may not apply but it certainly does with banks.

Incredible how potent bitterness and self delusion is. This geezer may have a point, I don't really care, but he must've put in thousands of hours by now to justify that one action to himself.

Straight back. No questions asked and no question about it. There's no way i'm denying someone else their money.

In most jurisdictions it's also regarded as theft the moment you start to spend it. Check out all the chumps who get their bank accounts filled by mistake and go on a spending spree. They all get nailed.

The chances are most of your addresses are linkable to your ID somewhere unless you're hot on your opsec.

They never have been at heart, but in reality they're all outrageously speculative so they're in competition for pumper funds and not much else.

Something like this is definitely a positive move. If most people are too stupid to figure out that most of these coins aren't competition, then someone with a little more of a clue needs to segregate the markets for them.

This is the burden of true genius. When you have to deal with lesser humans who can't see the entire future laid out in front of them like he can (for a modest fee and no salesman will call) it must be desperately tiresome.

I have never heard of this 'guru'. I don't really believe he's worth $100 a month or whatever either. Could he be right? Quite possibly. So could my arse be. You're welcome to pay me $100 a month to watch a live stream of my arse and its predictions.

I'm wondering where they're going to find data points for the coins that are nothing other than a white paper and an impressive barrage of outrageously spun PR.

Indeed they are, but they DID manage to fuck things up which means that they must have a certain amount of importance in the eyes of sections of the markets.

I'm wondering whether this market cares in the slightest what they think. I assume they went through most of them shaking their head in pure disgust.

https://bitcoinmagazine.com/articles/two-new-services-could-help-investors-rate-cryptocurrencies/

So next week Weiss, an independent ratings agency, releases ratings on multiple coins. They're saying each rating is based on thousands of data points. As they're rating vapourware like Cardano and Tron I have no idea how this is going to work.

Will this deeply move the market and yourself? Will anyone give a shit?