Bitcoin and Crypto Talk (Merged)(includes NFT) (2 Viewers)
- Thread starterCanadianSaint
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Remember betamax and hddvd? Yeah the porn industry didn't adopt those either...
https://www.theverge.com/platform/amp/2018/4/17/17244916/pornhub-cryptocurrency-verge-xvg
Just saying, it might be a decent long term buy if you could afford to dump $ on a flier. I dumped 100$, but that was when it was twice the price it is now. Hodl for now...
https://www.theverge.com/platform/amp/2018/4/17/17244916/pornhub-cryptocurrency-verge-xvg
Just saying, it might be a decent long term buy if you could afford to dump $ on a flier. I dumped 100$, but that was when it was twice the price it is now. Hodl for now...
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Hah! I thought the same thing. Porn drives new technology in early broad market adoption. I had been thinking of waiting for an out on my holdings. This encouraged me to relax, don't do it....
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IntenseSaint
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True, but I think there is going to be more selling. As people, who bought at the end of last year and into this year, get back to even, they're going to dump. The longterm "store of value" case has been heavily damaged.
I'd not considered that. Thanks for bumming me out man....
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Ha, well on the counterpoint, I think there is institutional investing that is evaluating the case for bitcoin. If they start to come in, it could really go again.
It's very precarious right now though.
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Being back above even, it’s certainly tempting to sell. Then again, I always imagined this to be a set it and forget it proposition.
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saintmdterps
Falling feels like flying til you hit the ground
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You were happy at 440pm, and now you're not nearly so happy. Such are the wages of the crypto market.
Considering I bought in on ETH at 230, I'm still happy.
Just read that the Eth dev's are talking about a hard fork. Seems that Parity issue that lost 200+ million has raised a divide over how to fix and what to do.
GETH vs. Parity crypto battle looms...
https://www.coindesk.com/even-ethereums-top-developers-think-blockchain-split-might-inevitable/
saintmdterps
Falling feels like flying til you hit the ground
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Oh I wasn’t singling you out, just a general statement on the vagaries of the crypto market, which still feels like nothing more than speculation/gambling.
I totally get that. I only put in my casino money.
saintmdterps
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I’m also not sure that the crypto market is viable in the long run. Unlike stocks, crypto currencies have no underlying value, and as such can literally go to zero overnight.
Very good move on your part to invest with your casino money. I certainly wouldn’t borrow from my home equity line of credit to dive deeper into crypto
I’m also not sure that the crypto market is viable in the long run. Unlike stocks, crypto currencies have no underlying value, and as such can literally go to zero overnight.
Very good move on your part to invest with your casino money. I certainly wouldn’t borrow from my home equity line of credit to dive deeper into crypto
Banking institutions are gearing up to provide access to crypto markets for big investors which is ironic in that it was developed to eliminate banking institutions. Therefore, I think it's here to stay and a huge potential as something on the order of 95% of the population on the planet doesn't have access yet last I heard.
As for the actual valuation? I don't trust any of the existing models since this is so new. That said, some of the day traders I work with see striking similarities to the charts so it looks like those same principles are in play. You just have much more volatility and unpredictability due to new, rumor, and the inherent risks of which you speak. It certainly wouldn't surprise me to see any or all crypto drop to oblivion.
Blockchain makes a ton of sense for many significant applications. Real Estate, inventory tracking, voting, banking, hospital records, file storage and many more. The CEO of CommVault is on record as saying it is the future of backups. As we get more of these ransomware situations which have gotten savvy enough to infect the backup files too, having an immutable backup could save an organisation.
It also makes retention for legal purposes much better. We pay significant amounts for systems to handle chain of custody concerns here. Being able to take that another step forward is very valuable.
I think the naysayers could be right, but I also think they are mostly folks who stand to lose big if they were behind in development and other things are taking over.
I chuckle at every big time CEO etc that down talks crypto...
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
http://www.foxnews.com/tech/2013/12/10/jpmorgan-files-patent-application-on-bitcoin-killer.html
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