I like to think that when FOMO kicks in then Eth will recover against Btc and regain the former ratio, but who knows. I do expect it to rise in fiat price with any Btc gains but I would be much happier if it were to gain against Btc as well.
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The stockmarket had a 10 year bullrun. Time for a nice healthy correction. Last correction happend in 2008 and 2000.
Shit will hit the fan again.
And all that money will pour into btc as an uncorrelated asset.
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WO CONTEST: Best dialogue between the two blokes in front of the "hard disk" wall wins 2 merits! I dunno Frank, that looks malignant, you should get it checked out. Yeah, probably, hey wanna go grab some chili-dogs?
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Ethereum is a popular coin and to reach the price of $ 2500 it is very possible but bitcoin must have a price of $ 20000, if bitcoin does not reach that price then ethereum is very unlikely to reach the price of $ 2500
it doesn't matter in this case. Just look at it now, Bitcoin is at $10,576 now yet Ethereum is staying at $221 for like a month. If this keeps happening, even though Bitcoin is going up. Ethereum will not getting any affect from Bitcoin bull run, although probably other altcoins will do. At current Eth/Btc ratios, BTC would have to be ~$112,500 for Eth to be $2500.
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The value is the network, the triple ledger system. Bitcoin is a reflection of the value of maintaining that extremely and increasingly important infrastructure.
The argument for gold is nearsighted. Gold can be used for other things than money true, but would it be? It's value is high almost solely because of its use as a store of value, not because it can be used in computers or for custom jewelry. If the store of value disappeared and you were left with industrial gold use and custom jewelry the fiat value of gold exchange would plummet. Those use cases alone don't come near to supporting the current valuations.
Forget the technology’s or scarcity, those can be cloned. You are saying the value is derived from the “Network effect.” Like, a lot of people use bitcoin, so the hashrate is high, so the security is high? Would you equate that to something like Facebook? If the network effect disappears, there is no value in the service. The network effect keeps people on Facebook and those their crazy valuation. To a point yes, the value is derived from the network effect but the value is not solely the network effect. The value, the use case, is that it is a public trustless open triple ledger system. Without the network effect there is no security true but the intrinsic value of the ledger is still there. In other words the technology of the blockchain is itself of value. Without adoption of course then that value is miniscule but I wouldn't say the value derives only from the network effect. I think with something like Facebook (not Libra) all you have is the network effect. Because the product they are selling is member information.
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What is the use case for stablecoins in general? Is it just a way to trade in and out of positions on exchanges that don't have a fiat gateway? Or is it a way to avoid capital gains tax since you don't actually convert to fiat? Not sure I see the benefit, can someone kindly explain?
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The value is the network, the triple ledger system. Bitcoin is a reflection of the value of maintaining that extremely and increasingly important infrastructure.
The argument for gold is nearsighted. Gold can be used for other things than money true, but would it be? It's value is high almost solely because of its use as a store of value, not because it can be used in computers or for custom jewelry. If the store of value disappeared and you were left with industrial gold use and custom jewelry the fiat value of gold exchange would plummet. Those use cases alone don't come near to supporting the current valuations.
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Price is already baked in. I expect a dump, though I'd be quite happy to be wrong.
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A couple good articles... This one's an interview with a crypto trading manager who says she hasn't seen big institutions get involved yet... https://www.forbes.com/sites/jeffkauflin/2019/08/01/why-we-need-new-legislation-for-cryptocurrencies-qa-with-institutional-trading-firm-ceo-jennifer-campbell/#26d7b22ab905Forbes: Many people I’ve spoken with recently have said institutional investors are starting to come into the market more quickly. You don’t necessarily think that’s the case? Campbell: They’re definitely coming in more than 2018. There are more traditional folks like smaller hedge funds that have come into the market. We’ve had more conversations with the large institutions, but none of the top five institutions are actually trading today. -------------------------------------------------- This one's about more FUD from centralized institutions, this time in the UK... https://www.forbes.com/sites/billybambrough/2019/08/01/bitcoin-has-no-intrinsic-value-as-uk-moves-towards-crypto-ban/#5617b0ad2d27I guess it's hard to steer a boat when it has centuries worth of inertia. They'll come around eventually of course but I don't think it's going to be a particularly smooth ride for us. I particularly like this quote: "Although not a ban, [the U.K.'s FCA warning is] a move in that direction," said Herbert Sim, head of business development from Broctagon Fintech Group. "This lack of enthusiasm is shared by several countries; the U.S. with its scrutiny of libra, and India, who are looking to implement a similar ban on cryptocurrencies which are not state regulated. These movements could end up coming back to bite. The international competition on cryptocurrencies is heating up and there are huge risks in being left behind."
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The intent as I understand it is to encourage quality posts, educational, informative, detailed, helpful, etc. Basically to try and grow the content here to be less spam, troll, and scammer filled.
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When people say they "do it for the honeys" I usually don't expect them to mean this. Cool pics.
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I mined for a few years, made all my investment money back in about 6 months and then the rest was profit, ended up with about 400% return by the time I decided to sell the mining equipment. It was fun and educational too. However, looking back running the numbers I would have been better off had I simply taken the money I used for hardware purchases and bought Eth directly. I do think it was worthwhile because I learned a lot by doing it and have a much better understanding of crypto and the associated surrounding issues, but if you are after profit only I personally think mining is a dead end.
Maintenance time and cost when mining is something no one every really talks about and I found in my case it was a significant piece of the puzzle. GPUs running 24/7 will lose bearings and die, connections go down, pushed upgrades from various programs that conflict with your mining settings... all of these things take time to deal with. The mining calculator websites assume 100% uptime and that NEVER happens, I'd say you are lucky with 80% uptime. So if you still run the numbers and they look ok and you want an extra hobby being an amateur IT expert then sure go for it. At this point in my life though I'd rather just dollar cost average accumulate.
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But I believe Donald Trump, he is a great businessman and can predict the future of Bitcoin.
LOL, that's some funny shit right there. Though if you are serious you might want to make an appointment with a head trauma doctor ASAP.
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Undoubtedly has to be 1. notbatman 2. realr0ach
And whatever their alts are.
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Hardware wallet to store the 0.99 BTC I'd have left.
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