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I think that it is not the best idea to estimate BTC price (asset with 48 B $ daily volume) based on lines that are build on price action of asset with 70 M $ daily volume (BTC at the top of 2014 bubble) or like 0,5-10 M $ (BTC at the top of 2011 - i have no data about volume these days). Its completely different asset with completely different average investor profile (from nerd and belivers, to lambo guys who did not dump in 2018-2020, institutions, investment founds). Bitcoin may only struggle to break this line because of people that believe in this, very popular, analysis.
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"Why not "COVID" vaccine passports on a blockchain ID" - because centralized database - simple excell sheet with ID and yes/no annotation in second column is good enough in such case. What extra use case bring blockchain here?
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The last time I mined I'm using VULTR because of the bonus, but now that I just come back here I'm also looking for a better option and it seems this one is a good one, I hardly mine and just getting my IDENA through validation which I have passed 4 times, I hope the same configuration is the same as that of VULTR.
If you are getting idena from validation only i suggest you to give up on your own node and paid servers. You can use web client- https://idena.io/?view=webclient and shared node from other users - I suggest to visit https://node.idena.site/ - rioda (community dev) service. |
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Wrong. He never said that people who invested in ETH will be poor. He said that ETH is rich guys network - damn you need to be rich if you pay 100$ in fees to move funds
and goes on to say that these people will soon be poor ... because of paying such crazy commissions, which in addition will likely continue to grow.
Its not about ETH investors its about ETH users.
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Yes, it's called "Pump'n'Dump" and the maths don't add up to it being a viable business model.
The "manipulator" bears the cost of moving the market alone, but others will take the profits as well, so he will only receive a certain fraction of the profit minus fees.
Or, in simpler words: if you do that, you'll lose money.
Depends on how much money you have, what you pump, for how long, when you pump and most certain - is Elon Musk your good friend. But yea this it not that easy as it seams to be. Lots of people earned fortune and than lose fortune playing god and sheeps game on the market. |
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So you saying the coins on the chart are dust ?
I'm saing that stacking rewards are close to dust if you consider inflation on these coins as reducing factor, market volatility and other risks. Stacking rewards are the last thing people should look at during bubble. something most people have no clue? I have no clue what your post of 1 to 3 beside it's just way of scamming people?
Something people that are locked in 2017 have no clue. |
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Now your post still make no sense to me. This have nothing to do with Coinbase.
So you have 2 options now. Read my posts and try to understand it or stay in the dark, invest in extremely volatile high-risk investment products based on dust, rewards that comes form inflation and are negligible considering the risks that comes with such investment DURING THE BUBBLE and extreme volatile times in crypto. |
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1. Don't understand what it is. New way of scamming?
2. Not your keys not your coins
3. Don't understand what it is. New way of scamming?
You leave in 2017? Market changed a lot in last 3 years and if you don't know whats the name of BIGGEST DEX, what is a liquidity pool, what's the difference between 2014 CEX (scammy shit) and 2021 good and reputable CEX (CEX'es are now being listed on nasdaq - $77B coinbase listing on nasdaq) than your table with "tech 1-10 scale" is useless. If a coin don't have it own secure wallet no reason to look into it.
Or its big-brain coin that is compatible with ETH infrastructure and can be stored using any ETH wallet like BNB (BSC chain). Man ... its 2021. You know? Posting a list of 1-5% apy coins on the top of the bubble ... when every coin listed here can dump 99% in next year or two is a "way of scamming". Or at least showing the worst possible investment indicator. |
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Stacking is MEH in 2021... 5-13% APY. Take into calculation the fact that majority of this rewards comes from inflation and you have net APY 1-5%... on coins with montly amplitude like 30-100% ... crazy. This stacking reward is like a drop in a see of risks. Better alternative: 1- USDC/BUSD liquidity pool on pancake - 20% APY, 0 risks from price change 3- Binance earn on stable coins - 6-9% apy. 0 risk (other than not your keys not your coins) 2- BNB with 5-10% burns, 10-15% apy from lauchapads, 10-15% APY from lauchpads - if you like passive income on high volatile assets that much https://bitcointalk.org/index.php?topic=5208144.msg53299809#msg53299809 |
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Why someone with working and earning trading bot would want to sell it? What's the reason? To split your cake for few bucks? Don't trust this. They will either scam you by not delivering product, delivering non earning product or delivering malware to steal you api keys.
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To what extent would automated orders affect the current dynamic?
By automated order, I mean anything anything at all that didn't involve a human actively trading.
Its 1995? Did i move back in time? In 2021 90% of exchanges traffic is made by automated orders. So all dynamic you see now is caused by automated orders. Starting from the biggest trafic makers - market makers ending on stop-losses, liquidations from retail investors. You should ask now ... how AI bots will affect current dynamics or how AMM markets with hudge liquidity affect current dynamics. Thats 2021 question. |
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"You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time." Oh and you can fool no one if you are CW (AKA notorious liar, jester and man with mental issues)
Abraham Lincoln
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What does this mean in layman's terms? Does the strengthening of the network make for a better network that doesn't experience network congestion? Does it make the transaction fees for bitcoin a little less expensive? I am happy that they are trying to collaborate to make sure that the network grows and becomes stronger than ever, I hope that it will affect bitcoin in every aspect in a positive light.
No. Network congestion, transaction fees has nothing to do with it. 500k $ is an exceptionally subpolar sum compared to the investments made by the above people |
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Coinbase is an exchange, not a component of bitcoin's market cap. Anyway, you figure it out for yourself. I'm kind of amazed that Coinbase is valued that high. As I said in the other thread, they've never released any profit/loss statements (because they were never required to), but I'm starting to think they're a pretty profitable operation. It's either that, or the company is being extremely overvalued at $77B, which is always a possibility with tech stocks--and I'd consider Coinbase to fall into that category.
We can try to estimate it base on data that we have. Binance has 20 times bigger volume at the time i write this. Binance 2020 calculated profit ~= $1.7 B20 times lesser volume =/ 20 times less profit but lets say 5-20 times. This gives us 85-340 mln $ profit. Evaluation of $77 B gives us P/E = 905 - 226 Current average for nasdaq is 24. Se we can fairy say that coinbase is 10x to 40x overvalued based on this 1 indicator or investors predict very rapid grow in next years - what is not impossible. I guess that 2021 will be twice as good as 2020 was for crypto exchanges based on the volatility that we have now. For comparision - Tesla (most pumped and hyped stock) P/E = 1000. Coinbase might be close to that |
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The global crypto market valuation is 1.4 trillion usd. How come Coinbase alone is valued at 77 billion!!!! I mean a single company based on crypto market is having a valuation of half of the entire crypo market. That's really strange!
I thought Binance is ever bigger company than Coinbase. I am really not sure what is the evaluation methodology here but it looks severely wrong!
1 - 77 bilion is not half of 1.4 trillion. Its 1/20. 2- Whole crypto industry valuation is not 1.4 trillion. Its tha value of all tokens/coins. For example metamask does not have its token and is part of crypto. |
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Dumped to 220$. Good price to jump back on the horse if someone dumped at the top of rally. The growth potential is still huge. "Coinbase, Readying for Public Listing, Gets $77B Valuation From Nasdaq Private Market" https://www.nasdaq.com/articles/coinbase-readying-for-public-listing-gets-%2477b-valuation-from-nasdaq-private-market-202177B$ for coinbase. Binance has 20 times bigger volume, chain that doubled ETH in terms of TXs, chain that bring projects like 1inch (1inch is now awaible on BSC). Binance would be evaluated at 500B-1T while listing on NASDAQ. BNB is now worth $35B. I know that BNB is not binance shares but who knows ... it can change some day. |
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As many know, Coinbase has filed for an IPO date to be decided. Currently it is accessible only for large clients on NASDAQ private market. The current valuation for Coinbase is around 77 Billion, and it is not the biggest player there. If it were to succeed, it could bring other exchanges into the public offerings games. Article here.Nice. 77 Billion... Wonder how binance would be evaluated with 20 times bigger spot volume (spot + derivatives), chain with 2x more transactions than ETH, with bigger DEXes than ETH. I guess like 500 billion to 1 trillion? BNB is worth 35bilion now... I know that it is a coin not a security but... no one said it will not change in the future. |
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what is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger
Cheers
No. Its normal.  5 market corrections during 2017 bubble was all 30-40%. We are now only 20% short from ATH. It is very likely that bitcoin will dump even to 35k before finding strong support. Bitcoin needed strong dump. Weak volume during 50-57k rally already indicated that we will not go far higher without a little of panic. |
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Bitcoin is indeed in my circle of competence as long as I remain and operate within my limit in bitcoin that is using bitcoin for transactions and knowing how not to panic sell my bitcoin, but any thing outside the listed above e.g trading, gambling, and mining is way above my competence for now so I always stay away from them.
You know how to transfer bitcoin, how not to sell bitcoin (which is not related to bitcoin itself)... so basically only about how to transfer. So basically you know nothing. Just like saying that you are an IT specialist because you know how to turn on the PC. |
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The proof of person to verify is something completely different...
Agree, but this is not consensus. This is how you can join the "validators pool", not how blocks are validated/added to the blockchain (consensus).
It is a consensus. POW is a consensus where 1 hash = 1vote, POS is a consensus where 1$ = 1vote, POP is a consensus where 1 person = 1 vote. "PoW and PoS (proof of stake) are the two best known consensus mechanisms." https://en.wikipedia.org/wiki/Proof_of_workSo Proof of Person is also a consensus mechanism. |
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