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[Finance] The cryptocurrency (Bitcoin etc) thread
- Thread starter Sirius76
- Start date
Knocky's Nose
Mon nez est retiré.
Decent time to be buying right now. I'd be onto XRP and XLM.
If ETH gets down to £1,000 it's worth a go, too.
Finally, with BTC going to the blockchain could it be pegged to gold in the US?
If ETH gets down to £1,000 it's worth a go, too.
Finally, with BTC going to the blockchain could it be pegged to gold in the US?
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,065
might be the end for crypto, at least in its current guise. the mainstream finance have cottoned on to the fact that valuations are based off the values of project's self-created tokens.
also the LBRY judgement gone under the radar, nearly all tokens will be securities under that interpretation, so all pet projects will become regulatated, exchanges drop them to avoid compliance. maybe relying on dexes more, either way its going to be a long winter here.
also the LBRY judgement gone under the radar, nearly all tokens will be securities under that interpretation, so all pet projects will become regulatated, exchanges drop them to avoid compliance. maybe relying on dexes more, either way its going to be a long winter here.
pb21
Well-known member
- Apr 23, 2010
- 6,731
It looks like it will be a very long winter, although if it is to carry on, flushing out all the ponzi fraudulent projects/tokens now (i.e. 99% of them) will be a good thing.
Seagull58
In the Algarve
Prince William will be all over it if there's pegging involved. Royal Warrant forthcoming soon?
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 72,719
Might get your ETH wish before the weekend - or even if you looked lively this morning when ETH briefly dipped below £1,000
Knocky's Nose
Mon nez est retiré.
Bloodbath out there! I've just set a buy order for a shit load of XRP at 25p. Let's see if it happens whilst I'm asleep.
Knocky's Nose
Mon nez est retiré.
It's there now. Surely it's worth a stab.Might get your ETH wish before the weekend - or even if you looked lively this morning when ETH briefly dipped below £1,000
Algorand has also taken a proper kicking.....
schmunk
Why oh why oh why?
Back up to ~ £1,050 at 10am from an overnight low of ~£950.
That's about a 10% rise in 12 hours, but it also dropped from ~£1,050 at 19:30 last night - a 10% fall in about 4 hours.
How can anyone take this seriously as a currency or store of value?
Knocky's Nose
Mon nez est retiré.
I don't. It's all a big casino.
The only thing I take seriously is XRP and XLM.
There are other coins and tokens with utility, of course, but for me XRP will be a bridge currency the world will use and come to depend upon.
My bags are packed.. I'm just sitting and waiting.
GrizzlingGammon
Well-known member
- Dec 15, 2018
- 2,025
I bought around $1000 of Atom when it slumped to around $5.30 earlier this year. This helped offset some earlier losses.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,065
looks like i sold assets at the pico bottom. again 
im fairly convinced its all going lower for a bit though, and got the tax offset to look forward to.
im fairly convinced its all going lower for a bit though, and got the tax offset to look forward to.
Knocky's Nose
Mon nez est retiré.
I still find it surprising that the future of money movement is largely overlooked. We ARE going to Blockchain, but nobody is paying any attention! 
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,065
but which one...?I still find it surprising that the future of money movement is largely overlooked. We ARE going to Blockchain, but nobody is paying any attention!
nicko31
Well-known member
A year ago we hit a peak of £48k, it was never an investment for widows and orphans. Never more than a ponzi scheme really, it won't be the last...
Knocky's Nose
Mon nez est retiré.
That's the thing... there won't be just one.but which one...?
It's like talking about browsers on a computer. Safari, Firefox, Edge, Opera, Chrome, Explorer - which one?
Well, they all work - and they all have their strengths and weaknesses. Some are best for one thing, others are best for other things.
Just think of the whole utility crypto space as the ocean. Whales, Top feeders, middle feeders, bottom feeders, plankton, shellfish, molluscs, algae, coral, seaweed etc etc. You don't have to choose one thing to live in the sea - it all exists together and all does a special job.. just like the different companies in the space.
Hope that's all crystal clear now.
Not too into cryptos myself but my friend who has made a fortune (well he sits in a big house and smokes weed, but he lives) out if it, and who is also running several crypto-based projects, says ETH is pretty much doomed in the mid-term future. f*** do I know if he's right. Might be money to make out of it right now though.
I don't find it surprising at all.I still find it surprising that the future of money movement is largely overlooked. We ARE going to Blockchain, but nobody is paying any attention!
Emerging technologies are often around for decades before they get their breakthrough. Usually that breakthrough is when someone is able to make it comprehensible and user friendly enough for everyone and their mother to understand what it is about. This is just not the case... yet.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,065
interesting comparison, not sure if you're aware most those browsers actually use the same engine. only three main engines, Webkit, Gecko and Blink (used in Safari, Firefox and the rest respectively).That's the thing... there won't be just one.
It's like talking about browsers on a computer. Safari, Firefox, Edge, Opera, Chrome, Explorer - which one?
Well, they all work - and they all have their strengths and weaknesses. Some are best for one thing, others are best for other things.
Just think of the whole utility crypto space as the ocean. Whales, Top feeders, middle feeders, bottom feeders, plankton, shellfish, molluscs, algae, coral, seaweed etc etc. You don't have to choose one thing to live in the sea - it all exists together and all does a special job.. just like the different companies in the space.
Hope that's all crystal clear now.
yeah, there will be more than one, though expect Ethereum to dominate (most aim for EVM compatible), with couple of majors alternatives then fringe players. its more about the tools and services on top in the long run.
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 72,719
Quick heads-up to anyone with any exposure to crypto.com. You might want to consider your position. It's just come light that they very recently 'accidentally' sent 82% of their ETH holdings to the 'wrong' wallet. We've all done it 
cointelegraph.com
Crypto.com accidentally sends 320k ETH to Gate.io, recovers funds days after
Crypto.com CEO confirmed the return of the funds and reassured the investors that new processes and features were implemented to prevent a reoccurrence.
cointelegraph.com