Cryptocurrency mega-thread

[footy75]

Wow.

All of us smart enough to get into the space are going to be rich come year's end, provided we invest enough.

Alt szn right now. My feel is that this bubble is going to last A LOT longer than many people expect

who knows... when it turns it really turns

 

[maryjames]

I’m holding skycoin until it’s 100 doll

Should I get back into ADA whilst it’s on the downtrend?

Interesting that LTC and BCH are on the comeback


Sent from my iPhone using Tapatalk

they all going to go back up.

That’s why it’s hodl time.

 

[maryjames]

 

[DT_35]

Everything getting slammed RN

 

[maryjames]

Everything getting slammed RN

How good is it. Lol

All the newbies in panic. Always going to happen when you get celebrity starting to tweet about shitcoins.

 

[Drakescoffeecake]

Anything I should be getting onto with this onslaught right now?

 

[Indyoz]

Lots of bargains right now. I quite like Cosmos(ATOM) and Utrust. I've also jumped on reef and COTI.

 

[maryjames]

 

[BuddysBiggestFan]

got ages to go yet

 

[maryjames]

got ages to go yet

Yeah It’s only February. Plenty of time.

People have no idea what’s coming,

 

[undefined]

Yeah It’s only February. Plenty of time.

People have no idea what’s coming,

You don't think its energy inefficiency will compromise the exponential level of growth so many are predicting?

 

[maryjames]

You don't think its energy inefficiency will compromise the exponential level of growth so many are predicting?

Lol no.
When this crypto blows off top the world will be blown away.
Do you remember the last few bull runs?

 

[undefined]

Lol no.
When this crypto blows off top the world will be blown away.
Do you remember the last few bull runs?

I believe there will be better alternatives to BTC in the not-so-distant future. Think MySpace -> FB -> Instagram.

Last few runs were preceded by pretty substantial lulls. Obviously the contemporary market is uncomparable to others.

 

[maryjames]

I believe there will be better alternatives to BTC in the not-so-distant future. Think MySpace -> FB -> Instagram.

Last few runs were preceded by pretty substantial lulls. Obviously the contemporary market is uncomparable to others.

Lol do know what blockchain does?

What does my spec or Facebook or whatever they are have to do with crypto

Come on.

Fun fact. Little over a decade ago you bought 20k Usd of bitcoin it now worth Billion dollars.

Yeah......

 

[undefined]

Lol do know what blockchain does?

What does my spec or Facebook or whatever they are have to do with crypto

Come on.

Been in it since 2016 dude. Analogies don't need to make much sense.

 

[maryjames]

Been in it since 2016 dude. Analogies don't need to make much sense.

So what point are you making ?

That we all gonna be poor from crypto?

 

[undefined]

So what point are you making ?

That we all gonna be poor from crypto?

Quite the opposite. Of course BTC still has growth in it, but in my opinion it'll be superseded in terms of usability in the medium term.

 

[Taylor]

What protections are there to prevent regulators (read: those who prefer only they were rich) deciding to limit the avenues for value being exchanged with cryptocurrency?

Either via requirements on institutions that limit the ability for anyone except very large banks to trade the cryptocurrency for USD/AUD etc
Or
By creating their own "SafeCoin" that they promote as being the only secure one, since they own all of them, and therefore control the value - lobbying law makers to only allow the exchange of cryptocurrency that meets vigorous safety standards for consumers (this is the sort of language they use when they mean excluding their competition).

I like the idea of cryptocurrency, but I also appreciate that power doesn't like new power rising up that it doesn't control - and governments and central banks lose a lot of power if currency is decentralised - so there would be quite powerful and motivated people not fond of it.

 

[Evolved1]

who knows... when it turns it really turns

100k in 2021 is very likely.

 

[Evolved1]

What protections are there to prevent regulators (read: those who prefer only they were rich) deciding to limit the avenues for value being exchanged with cryptocurrency?

Either via requirements on institutions that limit the ability for anyone except very large banks to trade the cryptocurrency for USD/AUD etc
Or
By creating their own "SafeCoin" that they promote as being the only secure one, since they own all of them, and therefore control the value - lobbying law makers to only allow the exchange of cryptocurrency that meets vigorous safety standards for consumers (this is the sort of language they use when they mean excluding their competition).

I like the idea of cryptocurrency, but I also appreciate that power doesn't like new power rising up that it doesn't control - and governments and central banks lose a lot of power if currency is decentralised - so there would be quite powerful and motivated people not fond of it.

Bitcoin doesn't care about regulation. If the SEC comes after bitcoin, there's nobody to sue. People don't buy bitcoin because it's favoured by the government; quite the opposite really. It's a hedge against governments.

Centralised shitcoins are at risk from government intervention.

 

[Taylor]

Bitcoin doesn't care about regulation. If the SEC comes after bitcoin, there's nobody to sue. People don't buy bitcoin because it's favoured by the government; quite the opposite really. It's a hedge against governments.

Centralised shitcoins are at risk from government intervention.

How do you buy and sell it if there is no point down the line that someone can turn it into $$ they can hold in their hand?

The value of a currency is zero if you can't buy with it and if big businesses like Tesla can't exchange the magic beans they traded their product for they won't accept it in trade.

What protects it from that?

 

[Evolved1]

How do you buy and sell it if there is no point down the line that someone can turn it into $$ they can hold in their hand?

The value of a currency is zero if you can't buy with it and if big businesses like Tesla can't exchange the magic beans they traded their product for they won't accept it in trade.

What protects it from that?

There's enough industry investment and a level of government acceptance to be confident it's highly unlikely bitcoin will be made illegal in the west. For now, anyway.

The magic beans would be traded underground if they were ruled illegal. There's no central point of control for regulatory agencies to go after.

In the unlikely event that the US government chose to fight the richest man on Earth, and win the battle, bitcoin will still survive.

The price would take a decent hit obviously, but those are the risks you take when chasing massive profits.

 

[nut]

RFOX thru 10cents Aus ... surely a big exchange announcement soon

 

[Taylor]

There's enough industry investment and a level of government acceptance to be confident it's highly unlikely bitcoin will be made illegal in the west. For now, anyway.

The magic beans would be traded underground if they were ruled illegal. There's no central point of control for regulatory agencies to go after.

In the unlikely event that the US government chose to fight the richest man on Earth, and win the battle, bitcoin will still survive.

The price would take a decent hit obviously, but those are the risks you take when chasing massive profits.

They would tell Musk that they are going to bring in regulatory rules making it illegal to trade USD for cryptocurrency, he would sell all of his, then they would shut the door on the market.

No black market has trillions of dollars float.

I'm trying to be convinced it's secure here because I'm truly on board, but I'm the person in the group who plans for when it hits the fan

 

[Shupe]

Currently invested in (apart from BTC and ETH) - ADA, HBAR and COTI.