everything i read is that fewer retailers accept bitcoin than in 2014-2015. just because more people are speculating in something doesn’t mean it has been legitimized. i don’t know how you can expect currencies with limited retailer and no commercial bank and central bank acceptance to ever exist for an extended period of time.
cryptocurrencies are on par with points programs like air miles. is air miles a currency now? why not?
I like how "everyone "has become a bitcoin expert in the last 2 months…
Oh exciting, a flash disturbance…futures touched $15,750 (didn’t trigger my 15k alert so I snoozed thru it). Some bla bla about “Bitcoin Cash”? Sheesh, anything could pop this bubble. Bitcoin is fragile new tech, backed by nothing but a greedy mob.
i think the only bitcoin expert is the person who understands that nobody knows anything about bitcoin. the only people who are considered “true” experts are too invested that they cannot be considered as such.
Watch this 90 minute presentation to the CFA Institute.
https://blogs.cfainstitute.org/investor/2017/06/20/blockchain-101-with-campbell-r-harvey/
After this if you still believe the blockchain initiative is a scam then you are the greatest idiot of your generation.
i think bitcoin is a pos. i dont mind being called an idiot for it.
my friend just expanded his sell limits to 150k. he recently boought a condo in redondo beach.
your view is plausible, especially since it is now almost 2018. I like to view original BTC as a figurehead in the crypto space and pretty far behind some smaller/younger altcoins. Now, if you think blockchain tech is a scam or has little value, then I wouldn’t say you are an “idiot” pe say, just that I do not agree.
you do realize blockchain and cryptos are different right?
They are different in the same way an engine is different from engine oil.
why doesn’t some computer genius create a coin that is pegged to the USD? wouldn’t this make it the de facto winner and actually make it sustainable? this way you’d have a chance of surviving regulation and the UST might even buy you, haha. i don’t but a bunch of floating cryptos living alongside a bunch of fiat but i could potentially see one very efficient crypto live alongside the USD for quite some time.
Someone already has basically. Jed McCaleb. Ripple and Stellar Lumens.
^ how are XRP and XLM pegged to the USD if they have tripled and doubled since Dec 10?
The key word was basically there in regards to whatever regulatory concern you are referring to. Those will both survive any regulatory risk as they are already working with them and will function to move USD and many other currency pairs more efficiently between financial institutions without the need of any central clearinghouse. Not a buyer? no problem, anyone can sit on the sidelines.
Disclosure: I did several weeks of research for about 2-3 hours a day on both and hold a position in XRP and plan to buy XLM shortly.
“working with them” is not exactly a sound strategy. trump could say “f cryptos tomorrow” and they’d all be screwed. the only defense is if you reduce the volatility to almost zero and actually become a legitimate currency. if you can make hundreds of percent on a currency, it is not a currency. i’m asking why some crypto guy doesn’t peg his currency to the USD and actually become a real currency? the only reason you wouldn’t do this is you won’t become rich quickly if you do this.
XRP is a digital intermediary asset by the company definition so I suppose it is not a currency. He could say that but highly unlikely as he is probably personally profiting in someway from them. I do want to ask though in what asset class throughout the history of time in it’s infancy has not had extreme volatility? The answer is probably not many.
In terms of why a guy doesn’t do this, yes you are right, he would not become rich quickly since the dollar is established and has been for a really long time and vol pales in comparison to almost all cryptos out right now.
Look, there is already a digital currency pegged to the USD: it’s your credit/debit card, you paypal account etc. These are even faster than most cryptos. The hype here is about peer to peer, in a way that can’t be corrupted. Blockchain. Cryptographically hashed transactions.
We are going back to a barter economy but it is so efficient that even your credit card transaction sucks against it.
You can rent out you house, or your toilet, rent your hard drive and idle CPU and pay for your pizza using the proceeds. Using your smartphone.
EDM is to music what cryptos are to finance. New on the scene, here to stay, most are shitty but the ones that aren’t are really legit.
you don’t have to like them but there are some that will be around for a while. The calvin harrises, aviccis, chainsmokers of cryptos LOL.
i missed the boat but now a buyer of BTC at or below $10,000 but it might not ever get that low
No you didn’t, there are plenty better cryptos out there that have 3-10x potential left still. Just have to dedicate a little time to research and ask yourself what sets them a part from other crap coins, because honestly, there’s a lot of trash out there.
Iproft, what are your sleeper cryptos kid?