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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Main] Bitcore- BTX - Are you ready for the future?
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on: September 11, 2018, 07:40:55 AM
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I am not sure about what bubbles do you guys talk? Bitcoin: sep 2013 ... 120 usd sep 2014 ... 480 usd sep 2015 ... 230 usd sep 2016 ... 600 usd sep 2017 ... 4000 usd sep 2018 ... 6300 usd
Where do you see "bubbles" ?
You picked arbitrary dates... There have been multiple bubbles that have popped. The difference between this one and the last is that more people got burned. They bought into the hype and then got destroyed. This is why stability is a necessity so that people can have a good or at least decent first interaction with crypto. You can pick any dates year-by-year and you will see uptrend in price. There are ups and downs, like in year 2015, but overall price of BTC is going up, total market cap too, so I don't see nothing in this market as "bubble". I see only price go up and down, but overall "only way is up, baby". (I am not economist, so I might be terribly wrong).
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Main] Bitcore- BTX - Are you ready for the future?
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on: September 10, 2018, 07:06:31 PM
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Your point is well noted but the potential pool of people that throw money at this becomes smaller with every bubble. How many times do you stick your hand on a stove burner? Most people that invest do so at the height of euphoria and thus lose their money. People tend to avoid negative stimuli and we are many many bubbles away before there would ever be mass adoption. The entire premise of crypto gaining mass adoption is predicated on people accepting the pain for decades until we get to that crypto heaven. No... It needs to be built on more sound economics so that these bubbles don't ever form. Being more accurate at finding that market equilbrium between supply and demand would definitely help. Right now with the current block reward algorithm it just makes these bubbles larger and more quick moving.
I am not sure about what bubbles do you guys talk? Bitcoin: sep 2013 ... 120 usd sep 2014 ... 480 usd sep 2015 ... 230 usd sep 2016 ... 600 usd sep 2017 ... 4000 usd sep 2018 ... 6300 usd Where do you see "bubbles" ?
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