Cassius
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Activity: 1764
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May 26, 2014, 03:25:35 PM |
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Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air. "LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!! Same with many of the other alts. I would never call the end of some alt too early, those little suckers are full of nasty surprises! Once upon a time, the majority of crypto investors had not experienced the burning side of a p&d. Not true now. Today, to have staying power, at a leading tier marketcap, a coin has to have compelling features. LTC does not. I expect DRK to fail on its snake-oil promises, eventually, but I expect it to outperform LTC by a nautical mile for a long while, perhaps forever. Yes, LTC has historically lagged BTC and overshot its spikes. I expect most of that positive beta will be embodied by other alts with better distinctives this time. NXT and MRO are obvious candidates (leaving DRK aside for the moment). A couple of weeks back you were more skeptical about NXT. What changed your mind, if indeed it has changed?
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seljo
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Hodling since 2011.®
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May 26, 2014, 03:26:04 PM |
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Last few years bitcoin was closed for summer and this year some want us to think it will be different. I think this year will be like it was before low volume and low price until october and than we will see it rise again it's just my opinion I have nothing to back it up.
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Threebits
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May 26, 2014, 03:28:15 PM |
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Have you ever tried receiving payments from abroad? It is exceptionally expensive and time-consuming to send money to Brazil from a foreign country by regular banking channels. Bitcoin facilitates this tremendously, and is used by many. Is that not enough to be considered successful? -----------------------------------
How many people in this thread using bitcoin moving money abroad? if one uses, indeed he will find bitcoin fantastic. One thing I tend to be sure is that the payment technology behind bitcoin will be successful.
Still, the success of payment technology does not necessarily mean success of bitcoin, I think.
It is quite a headache for me to imagine: if Switzerland decides to stop Swiss Francs and turn them all into a crypto swisscoin, what will happen to bitcoin?
Well technically anytime you do any trading of alts ,payments for e goods from member, donations etc you are sending money abroad that you wouldn't already be able to do easily I understand you mean liquidation? I agree, bitcoin is the first priority in moving money abroad, in liquidation perspective. What about swisscoin, if it happens? Will you take swisscoin or bitcoin? Which one is with larger market cap? I would say, if a government changes mind and to integrate its currency with bitcoin technology, what will happen to bitcoin( the coin)? Anyone give comment on such scenario?
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cAPSLOCK
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Activity: 3794
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Maybe the Mars is the future!
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May 26, 2014, 03:35:49 PM |
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Have you ever tried receiving payments from abroad? It is exceptionally expensive and time-consuming to send money to Brazil from a foreign country by regular banking channels. Bitcoin facilitates this tremendously, and is used by many. Is that not enough to be considered successful? -----------------------------------
How many people in this thread using bitcoin moving money abroad? if one uses, indeed he will find bitcoin fantastic. One thing I tend to be sure is that the payment technology behind bitcoin will be successful.
Still, the success of payment technology does not necessarily mean success of bitcoin, I think.
It is quite a headache for me to imagine: if Switzerland decides to stop Swiss Francs and turn them all into a crypto swisscoin, what will happen to bitcoin?
It will explode. Switzerland will then implement pos payment systems that would be ready (at least capable) to also accept bitcoin trasactions, and those systems would spread around the world more quickly. It's all happening already. It's just a matter of time.
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adamstgBit
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Trusted Bitcoiner
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May 26, 2014, 03:53:23 PM |
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... if a government changes mind and to integrate its currency with bitcoin technology, what will happen to bitcoin( the coin)? Anyone give comment on such scenario?
what governments do doesn't matter, where there is the internet there is bitcoin; governments that understand the potentials benefits and allow / encourage bitcoin will be better off... everyone is better off simply because bitcoin exist today, what governments do or say doesn't matter.
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klee
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Activity: 1498
Merit: 1000
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May 26, 2014, 04:00:37 PM |
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Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air. "LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!! Same with many of the other alts. I would never call the end of some alt too early, those little suckers are full of nasty surprises! Once upon a time, the majority of crypto investors had not experienced the burning side of a p&d. Not true now. Today, to have staying power, at a leading tier marketcap, a coin has to have compelling features. LTC does not. I expect DRK to fail on its snake-oil promises, eventually, but I expect it to outperform LTC by a nautical mile for a long while, perhaps forever. Yes, LTC has historically lagged BTC and overshot its spikes. I expect most of that positive beta will be embodied by other alts with better distinctives this time. NXT and MRO are obvious candidates (leaving DRK aside for the moment). A couple of weeks back you were more skeptical about NXT. What changed your mind, if indeed it has changed? NXT Asset Exchange + BIG community backing it...
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 26, 2014, 04:00:39 PM |
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aminorex
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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May 26, 2014, 04:06:56 PM |
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A couple of weeks back you were more skeptical about NXT. What changed your mind, if indeed it has changed?
Just now, I was referring to the gains during a btc bubble due to positive beta. I am admitting the possibility that NXT may be a beneficiary of that. As windjc said, it is a leading candidate for 2.0 applications. That creates a speculative attraction. 2.0 applications are a much more speculative thing, however, as compared to the 1.0 use as liquidity vehicle. NXT has no distinctives in that tier, and cannot be expected to displace BTC from its primary niche as a transparent vehicle of liquidity. My skepticism of NXT is skepticism that it can make gains in the dominant present use of crypto. In the 1.0 space, I think anonymity is the only meaningful distinctive, which can provide meaningful added value. I am biased away from speculative potentials (which would tend to favor NXT) and towards manifest fundamentals (which I deem to favor MRO). But I may buy some NXT in order to benefit from the beta slingshot, nonetheless. Probably not more than 2% of my crypto at this point. I think NXT is likely to be more stable than any other crypto. By which I mean an excellent Sortino ratio. I would consider it one of the most conservative investments in crypto. BTC would be the most conservative.
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Threebits
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Activity: 75
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May 26, 2014, 04:17:20 PM |
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... if a government changes mind and to integrate its currency with bitcoin technology, what will happen to bitcoin( the coin)? Anyone give comment on such scenario?
what governments do doesn't matter, where there is the internet there is bitcoin; governments that understand the potentials benefits and allow / encourage bitcoin will be better off... everyone is better off simply because bitcoin exist today, what governments do or say doesn't matter. It does matter, in my opinion. Hostile or skeptical government is a good thing for bitcoin, as it gives time for bitcoin to grow, to overtake altcoins. If one of the governments turns and integrates its currency with bitcoin technology, the "integrated fiat" will overtake bitcoin. Clearly, if that happens, people in this thread won't get rich through the venture.
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freebit13
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May 26, 2014, 04:23:00 PM |
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Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?
It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air. "LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!! Same with many of the other alts. I would never call the end of some alt too early, those little suckers are full of nasty surprises! Once upon a time, the majority of crypto investors had not experienced the burning side of a p&d. Not true now. Today, to have staying power, at a leading tier marketcap, a coin has to have compelling features. LTC does not. I expect DRK to fail on its snake-oil promises, eventually, but I expect it to outperform LTC by a nautical mile for a long while, perhaps forever. Yes, LTC has historically lagged BTC and overshot its spikes. I expect most of that positive beta will be embodied by other alts with better distinctives this time. NXT and MRO are obvious candidates (leaving DRK aside for the moment). I must admit, it's not looking good for LTC: https://bitcoinwisdom.com/markets/btce/ltcbtc
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GameStarter
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May 26, 2014, 04:27:09 PM |
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Talking about Altcoins , what do you think about Blackcoin guys?
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aminorex
Legendary
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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May 26, 2014, 04:33:17 PM |
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Talking about Altcoins , what do you think about Blackcoin guys?
One of the best pump & dumps in history. Not the most lucrative, but the most elegant. Total crap as a cryptocurrency, however.
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cbeast
Donator
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Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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May 26, 2014, 04:33:55 PM |
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Talking about Altcoins , what do you think about Blackcoin guys?
They won't work.
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igorr
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May 26, 2014, 04:34:22 PM |
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Fraudcoin is the best
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seleme
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Activity: 2772
Merit: 1028
Duelbits.com
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May 26, 2014, 04:41:59 PM |
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WONDER IF IGORR WOULD EVER REALIZE HE IS TALKING TO HIMSELF HERE... shit, caps
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igorr
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May 26, 2014, 04:46:13 PM |
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WONDER IF IGORR WOULD EVER REALIZE HE IS TALKING TO HIMSELF HERE... shit, caps
Why did you injured ? Perhaps because is a fraud uncovered ? or..... Maybe it comes time, just exchange, crypto for crypto, money for money !
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MatTheCat
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May 26, 2014, 04:47:03 PM |
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WONDER IF IGORR WOULD EVER REALIZE HE IS TALKING TO HIMSELF HERE... shit, caps
Ah Seleme old bean! How is that Alt-Coin collection doing? A couple of hundred $K in ShitAlt-coins you had last time you flashed your portfolio around!
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SirChiko
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May 26, 2014, 04:47:20 PM |
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Come on guys these "Willy" news could be manipulated easily, on reddit i've seen people claiming missing even 10% of their stats on mtgox.
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seleme
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Activity: 2772
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Duelbits.com
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May 26, 2014, 04:53:49 PM |
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WONDER IF IGORR WOULD EVER REALIZE HE IS TALKING TO HIMSELF HERE... shit, caps
Ah Seleme old bean! How is that Alt-Coin collection doing? A couple of hundred $K in ShitAlt-coins you had last time you flashed your portfolio around! Could be better, could be better . But reason why those couple of hundreds were there is because I was patient enough with shitcoins, something you failed with bitcoins at 10$ piece Mr. Mathadshat
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