- Joined
- Sep 22, 2013
- Messages
- 1,397
- Reaction score
- 1
-
Xenforo Cloud is upgrading us to version 2.3.8 on Monday February 16th, 2026 at 12:00 AM PST. Expect a temporary downtime during this process. More info here
Bitcoin currency of the future?
- Thread starter CauseImbetta
- Start date
- Joined
- Jun 9, 2003
- Messages
- 18,049
- Reaction score
- 11,667
Yeah 25% loss is just a correction in the crypto world. When something goes up 200% in a week people will want to cash some or all of it in.
- Joined
- Nov 21, 2009
- Messages
- 9,478
- Reaction score
- 1,747
Is anyone familiar with Cypherium? Sounds like a great project, but sadly they already reached their hardcap in pre sale. So no ICO.
Definitely looking to get some when it hits the exchanges though.
Definitely looking to get some when it hits the exchanges though.
D
Deleted member 185048
Guest
Did you hear about ZClassic and free money by holding it?
- Joined
- Dec 2, 2013
- Messages
- 7,293
- Reaction score
- 2,226
- Joined
- Nov 27, 2008
- Messages
- 6,510
- Reaction score
- 54
Are you guys concernee Warren Buffett said crypotocurrency is a bubble?
- Joined
- Jul 7, 2016
- Messages
- 26,116
- Reaction score
- 16,459
I'm investing in it and it probably is a bubble now. But, the bubble may pop in a month or it might take years. Also, after it does, blockchain will still be used and a few of the top cryptos will survive and still be good investments. It's just good to diversify among them.
Buffett is old school and I don't think knows a thing about them. His friend, Bill Gates, is Bitcoin and blockchain believer. I think I would trust Bill Gates technological acumen over Warren. Bill's not poor either.
- Joined
- Jan 4, 2015
- Messages
- 7,565
- Reaction score
- 2,983
I like it, doesn't Neo give you another token everymonth if you hold it as well? I hope someone listened to my Walton recommendation, its up 100% in the last 24 hours. I'm quite annoyed as I was going to pick up more before it mooned but I'm just being greedy.
D
Deleted member 185048
Guest
Yeah nice job on Walton man. I don't about Neo but ZClassic hardforking to Bitcoin private = potential (still) for some big gainz. Fork date should be announced soon.
Who hasn't said it's in a bubble? Maybe when "financial experts" stop constantly crying about bubbles will I believe there is indeed a bubble.
We're likely seeing the largest transfer of wealth from institutions to laymen in the history of the world- and the institutions are fucking pissed.
- Joined
- Jan 30, 2010
- Messages
- 2,402
- Reaction score
- 1,038
He's also the first to admit that he knows nothing about crypto.
If you were looking at them like shares then you'd say they're in a bubble as their current worth isn't matched by market price. But the reality is, people buying crypto aren't investing in shares, they're holding a limited supply of goods in the interests of price speculation.
There's a lot of shit coins that need to get sorted from the good stuff, but the tech is here to stay.
It's also difficult to crash a market that's global, considering 1/3 of the population is asleep at any one time and can't panic sell.
Anyway, I wouldn't put a dollar more in than I'm prepared to lose.
- Joined
- Aug 26, 2014
- Messages
- 14,033
- Reaction score
- 5
Buffet has a terrible track record on technology investments. He didn't invest in apple, google or amazon and admits he messed up on that. He also says he doesn't understand the technology/block chain at all. Take all these factors for what they're worth. Buffett promotes being bold when others are fearful; listen to his advice and invest in the market.
- Joined
- Dec 30, 2013
- Messages
- 21,392
- Reaction score
- 12,301
Buffett is also closing in on 90 years old. He's rich because he earned his money years back. He knows nothing about an economic opportunity which didn't even exist on the millennium.
- Joined
- Jan 4, 2015
- Messages
- 7,565
- Reaction score
- 2,983
I didn't realise you where talking about a fork, thanks for the info. I did some research and just bought in even though its at quite a high, I didn't want to do the same mistake when I missed out with Tron > who themselves apparently have another big partner annoucement coming up. No one seems to be hyped about it after the last time but for all those holding I have a feeling this time it may actually be something big.
- Joined
- Dec 13, 2013
- Messages
- 13,248
- Reaction score
- 5,572
People predicting that entire cities will be running on Ethereum? It has already failed as a currency if that was the purpose it was designed for. You can't have such an unstable currency as a medium of exchange. If you bought a car with 10 Ethereum ($13,000 USD) today, assuming Ethereum maintains its current pace of appreciation, you'd only be able to sell it for 0.1 Ethereum next year. Nobody is going to do transaction that way, and would hoard their coins instead.
Similarly, lending and borrowing would be impossible to do. If you borrowed 1 Ethereum today ($1300 USD in value) to spend, and by the time you pay it back next year, the cost to pay back that same Ethereum coin would be tens of thousands of USD. It's not just Ethereum, but most major cryptocurrencies in general. At this point, they're digital commodities rather than currency. They gained such a speculative value that they lost any non-speculative purpose at this point.
It is a bubble, but at the same time it is known that Buffet tends to be on the conservative side when it comes to investing in new technologies. He favors blue chip industrial and financial stocks. Listen to his advice, but don't be dictated by it.
Now back to the bubble talk. They're very unpredictable. Sometimes they pop quickly, but they can also last for several years like the Dot Com Bubble did. Just because it's a bubble, it doesn't mean you can't make money off of it. You just need to make sure to determine your exit point first so you don't end up being the fool holding on to the bag when it pops. The value of cryptocurrencies will rise as long as there are new people buying into them. Its worth as much as what the next guy is willing to pay for them.
Similarly, lending and borrowing would be impossible to do. If you borrowed 1 Ethereum today ($1300 USD in value) to spend, and by the time you pay it back next year, the cost to pay back that same Ethereum coin would be tens of thousands of USD. It's not just Ethereum, but most major cryptocurrencies in general. At this point, they're digital commodities rather than currency. They gained such a speculative value that they lost any non-speculative purpose at this point.
It is a bubble, but at the same time it is known that Buffet tends to be on the conservative side when it comes to investing in new technologies. He favors blue chip industrial and financial stocks. Listen to his advice, but don't be dictated by it.
Now back to the bubble talk. They're very unpredictable. Sometimes they pop quickly, but they can also last for several years like the Dot Com Bubble did. Just because it's a bubble, it doesn't mean you can't make money off of it. You just need to make sure to determine your exit point first so you don't end up being the fool holding on to the bag when it pops. The value of cryptocurrencies will rise as long as there are new people buying into them. Its worth as much as what the next guy is willing to pay for them.
Last edited:
Look what Consensys is doing in Dubai.
Failed ????
Wot???
What in the hell are you on about and where do you read this stuff? Let me guess: r/btc
D
Deleted member 185048
Guest
Tron lol. IMO tron is garbage but I wouldnt be suprised at all if it goes up. Tron is a good coin to buy at lows and big dips because it has high volume, on all major exchanges, and its developers are focused on making the price rise rather than developing actual tech. So its actually probably a safe bet in the short term lol.
Yeah Zclassic is hodl until at least the fork is immenient.
- Joined
- Dec 13, 2013
- Messages
- 13,248
- Reaction score
- 5,572
Generating a lot of hype, like vast majority of cryptos? How are you going to resolve the volatility issue with Ethereum if it is to be used as currency? Don't post more hypehole. Present some workable solutions.
What you said applies to every single coin listed on CMC. I fail to understand your point.
The major problems with ETH are scalability and getting proof of stake right. If they can't get this done by years end I'll be eating a lot of crow and ETH will be as good as done- more so if scaling isn't fixed.
But Ethereum has developers working on upgrading the platform as well as releasing long-running projects. There for sure are other promising platforms, but their success depends on ETH. Things will begin to condense and snowball hard if Buterin and the team can get those two issues under control. If they don't, money will pour out of ETH as fast as it entered.
