Bitcoins
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 SW19 CPFC  Addiscombe West 12 Jun 19 8.09am |
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Originally posted by .TUX.
Obviously you may well be right, but as more people realise that they can make electronic transactions 'peer to peer', ie with no need for a middle-man (bank/transfer system) taking a cut therefore dealing directly with other parties with no additional expense, the better. Electronic cash protected by the blockchain ie maths, not cronies. There is an extremely high chance that I will be right. ‘As more people realise’ - then it will be regulated. And soon. Crypto, certainly in the near future will never be mass adopted. It’s too unstable, there is no credibility, there is no safety net, and there is nothing driving it’s value other than constraint and hype. Add in extremely high volatility, which turns it into a high risk investment rather than a stable currency, the fact that if everyone was to adopt it the ledger would become so big that it would be unmanageable and have to be centralised, and it’s an environmental nightmare. All these things far outweigh any benefits of fee free money sharing and personal control. There is also a clear technological barrier to entry - it’s insanely irritating to use from a UX point of view. This caught my eye - currently it really is no different from the mechanics of a massive Ponzi scheme ‘Bitcoiners (read any crypto advocate) are very proud of the incentives built into bitcoin: the people who confirm the transactions get paid in freshly-mined bitcoins. It is very clever. But there’s another incentive: people who own a lot of bitcoin have a big incentive to believe it is the future of money, and to try to convince everyone else too. Lots of open-source software is made and shared online, and a lot of it is useful and has ardent fans. But never before have those fans had the possibility of becoming millionaires by talking it up. That’s the bitcoin difference.’ Kind of makes having to pay a couple of percent for a bit of day to day security not feel so bad now, doesn’t it? This isn’t to say don’t invest in it, but it’s not the saviour of the common man. Or indeed the second coming, from the way some talk about it, in my view quite irresponsibly, on here. There be dragons
Did you know? 98.0000001% of people are morons. |
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| deleted user 12 Jun 19 4.35pm |
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Originally posted by chris123
Litecoin was recommended by TUX at 0 at the end of 2017, and was predicted to fly in 2018. Last price I can see is 7 - be careful. Odd that when directly quoted your posts reads differently to your actual post. It must be due to the dollar signs. But yes, it can be a case of strap in and don't panic, depending on when you get on the ride! Never invest for than you can afford to lose and all that!
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| Tom-the-eagle Croydon 15 Jun 19 12.52pm |
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Originally posted by chris123
Litecoin was recommended by TUX at 0 at the end of 2017, and was predicted to fly in 2018. Last price I can see is 7 - be careful. Litecoin up 47% over the last month. Bitecoin only up 12% over the same period. No wonder TUX is on holiday
"It feels much better than it ever did, much more sensitive." John Wayne Bobbit |
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Frickin Saweet  South Cronx 18 Jun 19 12.03pm |
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Facebook to launch a crypto called Libra
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| chris123 hove actually 18 Jun 19 1.16pm |
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Originally posted by Tom-the-eagle
Litecoin up 47% over the last month. Bitecoin only up 12% over the same period. No wonder TUX is on holiday $307 in Dec 2017 - $131 now, and I'll draw your attention to when Litecoin was tipped up - it's gone down over the period.
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| Tom-the-eagle Croydon 18 Jun 19 1.39pm |
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Originally posted by chris123
7 in Dec 2017 - 1 now, and I'll draw your attention to when Litecoin was tipped up - it's gone down over the period.
And I'll draw your attention that 1 Litecoin purchased in March 2017 would be worth over 43 times as much today
"It feels much better than it ever did, much more sensitive." John Wayne Bobbit |
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| chris123 hove actually 18 Jun 19 3.09pm |
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Originally posted by Tom-the-eagle
And I'll draw your attention that 1 Litecoin purchased in March 2017 would be worth over 43 times as much today But that's not when Litecoin was tipped up, so completely irrelevant.
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| Tom-the-eagle Croydon 18 Jun 19 6.44pm |
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Originally posted by chris123
But that's not when Litecoin was tipped up, so completely irrelevant. I literally have no idea what you mean when you say 'tipped up' Chris. Please explain
"It feels much better than it ever did, much more sensitive." John Wayne Bobbit |
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| chris123 hove actually 18 Jun 19 7.11pm |
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Originally posted by Tom-the-eagle
I literally have no idea what you mean when you say 'tipped up' Chris. Please explain TUX recommended Litecoin at $220 at the end of 2017, and predicted that it would fly in 2018, per my post on the previous page.
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| Tom-the-eagle Croydon 24 Jun 19 5.48pm |
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Huge gains made in last few days. Bitcoin up 18% in 3 days. Ethereum up 14% in a week. Oddly enough, Litcoin has stayed static. Normally these currencies more or less shadow each other.
"It feels much better than it ever did, much more sensitive." John Wayne Bobbit |
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| Tom-the-eagle Croydon 26 Jun 19 12.35pm |
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My goodness! Bitcoin already up 11% today. That’s 37% for the week. Other currencies following but not as strongly. Litecoin again not showing much rise for some reason.
"It feels much better than it ever did, much more sensitive." John Wayne Bobbit |
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| SW19 CPFC Addiscombe West 26 Jun 19 12.42pm |
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Originally posted by Tom-the-eagle
My goodness! Bitcoin already up 11% today. That’s 37% for the week. Other currencies following but not as strongly. Litecoin again not showing much rise for some reason. Because it is useless. Also Bud bud bud likes to paint himself as a sage, but at this stage the reality is volatility is high and pump and dump is rife. It's a pyramid scheme for now. The underlying fundamentals are not solid or logical. With halo currencies you really needed to get in early to make any money out of them. The majority of them are done – and if anyone else is saying otherwise they're simply in it for themselves – the more people you can get to invest in Litecoin, for example, the higher the price. Facebook entering the game recently has simply started the new wave of more regulated and controlled crypto – something that is highly likely to become the norm. It's not dissimilar to the dotcom bubble in that everyone and his dog had an commerce site (in this case a coin offering). The only ones left with value will be those that can be regulated and easy to use.
Did you know? 98.0000001% of people are morons. |
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