Bitcoins - digital currency - Page 1007 - Business, Finances and Investing Forum

Can we sum up this thread, of mostly useless opinions, that people who didn't invest in Bitcoin think it's a huge bubble (fyi they were saying this at 1.5k), and those that did think it's the currency of the future and will never die.

And like all things, the truth is somewhere in the middle.

Actually, I don't think this is true. I think the truth of current situation could be somewhere in the middle because the future is uncertain.

But in the future we are likely to live one of these two realities. If BTC is the future of money your speculation and long term holding will be rewarded. If BTC is not the future of money this is likely a bubble.

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12-16-2017 , 03:27 PM

#25153

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

Quote:

Originally Posted by FreakDaddy

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12-16-2017 , 03:28 PM

#25154

rand

Pooh-Bah

Join Date: Feb 2007 Posts: 4,137

Another way to say it is when viewing the future in probabilistic terms its analogue. But when actually experiencing it, it will be digital.

The odds seem very low to me that the current market cap can be justified if only current users use the coins.

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12-16-2017 , 03:29 PM

#25155

rand

Pooh-Bah

Join Date: Feb 2007 Posts: 4,137

Also, + 1 for the bubble. I think ETC > BTC. And I think betting on BTC is a bet against governments and worlds strongest companies.

No doubt the governments are ripe to fail, corruption, etc...but I think things will get a lot more dystopian if and when that happens. And that they will drag down a lot of what currently exists in the process.

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12-16-2017 , 03:36 PM

#25156

Two SHAE

Decentralized Financier

Join Date: Aug 2012 Posts: 2,242

Quote:

Originally Posted by rand

how many developers does ETC have on the protocol? Building dapps?

Last edited by Two SHAE; 12-16-2017 at 03:36 PM. Reason: i hope you meant ETH

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12-16-2017 , 03:38 PM

#25157

rand

Pooh-Bah

Join Date: Feb 2007 Posts: 4,137

Quote:

Originally Posted by Two SHAE

how many developers does ETC have on the protocol? Building dapps?

IDK, by ">" I meant if one were choosing which to invest in at this point, I would choose ETH.

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12-16-2017 , 03:48 PM

#25158

ECTAE

journeyman

Join Date: Dec 2012 Posts: 366

https://youtu.be/UYHFrf5ci_g
Nice simple video to prove how flawed bitcoin really is now.

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12-16-2017 , 03:59 PM

#25159

p2 dog, p2

Carpal \'Tunnel

Join Date: Jun 2012 Posts: 7,536

whoa, that "dot" in the youtube.....dont click that link ra ha ha ha hra ha rah a ha ha whoaa whoaaa whoaaaa brrr rrr rrrr rrrrrrr

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12-16-2017 , 04:04 PM

#25160

FreakDaddy

Carpal \'Tunnel

Join Date: Jan 2005 Posts: 17,996

Quote:

Originally Posted by rand

IDK, by ">" I meant if one were choosing which to invest in at this point, I would choose ETH.

I'd bet that Decred outperforms ETH. Etherums technology is solid, but if I were investing (and I am), I'm putting new funds into Decred.

I've long held ETH btw.

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12-16-2017 , 04:04 PM

#25161

_irock

old hand

Join Date: Nov 2007 Posts: 1,887

Quote:

Originally Posted by Pinkmann

Gold isn't worthless, its useless.

The bitcoin bull argument now is this first mover thing which boils down to grandparents knowing it exists. Its performance vs stocks gets it all the hype on cnbc yet as of now it has underperformed the crypto space by quite alot in 2017 and just recently has been outdone by fkn dogecoin (in b4 dump).

The question to ask is what has higher expectancy in the future? If bitcoin cant outdo Doge by a wide margin in this massively over hyped era then why would you hold it?

How do you think these alts would do without the foundation the BTC network provides and the stress it endures for almost all other cryptos? Thinking you should own Doge over BTC because its outperformed over a hype run that was started with "house money" from BTC then ETH gains is not seeing the bigger picture.

In the current climate there needs to be at least 1 main crypto to support all others since exchanges going fiat to crypto are more regulated and it gives a shallow end experience to newcomers before throwing them in the deep end of polo/bittrex etc.

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12-16-2017 , 05:02 PM

#25162

TheMVP

old hand

Join Date: Oct 2007 Posts: 1,753

Quote:

Originally Posted by xnbomb

No, I think other other coins will overtake BTC in market cap, partially due to its inability to be in businesses like my brothers and that's why BTC will end up being a "failure"

No 'coins' will ever be used at your brothers business, at least not in the next 20 years.

You are still missing the point.

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12-16-2017 , 05:17 PM

#25163

ECTAE

journeyman

Join Date: Dec 2012 Posts: 366

Quote:

Originally Posted by p2 dog, p2

whoa, that "dot" in the youtube.....dont click that link ra ha ha ha hra ha rah a ha ha whoaa whoaaa whoaaaa brrr rrr rrrr rrrrrrr

Thats youtubes share link you dumbass /facepalm
https://www.youtube.com/watch?v=UYHFrf5ci_g

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12-16-2017 , 05:22 PM

#25164

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

Quote:

Originally Posted by Pinkmann

Of course altcoins are going to possess greater alpha than bitcoin.

But the problem is that these altcoins carry far greater risk. They have lower liquidity and dont offer USD trading pairs. So betting on altcoin is really just re-leveraging yourself on bitcoin's success since most altcoins historically are positively correlated to bitcoin's marketcap increases.

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12-16-2017 , 06:06 PM

#25165

btc

Challah Atcha

Join Date: Dec 2017 Posts: 2,576

Quote:

Originally Posted by TheMVP

No 'coins' will ever be used at your brothers business, at least not in the next 20 years.

You are still missing the point.

Check yourself then REQ yourself

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12-16-2017 , 08:03 PM

#25166

piepounder

old hand

Join Date: Sep 2012 Posts: 1,557

Quote:

Originally Posted by TheMVP

No 'coins' will ever be used at your brothers business, at least not in the next 20 years.

You are still missing the point.

oh no they will. they arent the checkout currency but if wealth is stored in crypto people will have to spend it. it gets converted at checkout time.

wouldnt say it makes any sense to support bitcoin payments, because the bitcoin holders will use services that flip thier bitcoin into tethered dollars

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12-16-2017 , 08:34 PM

#25167

6ix

Pooh-Bah

Join Date: Aug 2017 Posts: 4,783

Quote:

Originally Posted by Pinkmann

DOGE might not be the best contrast because it shares something strongly with BTC: a very passionate user base.

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12-16-2017 , 09:02 PM

#25168

cardsoup

stranger

Join Date: Jul 2017 Posts: 10

Blockchains can fork but can they be merged or appended? Is there a possible future where separate cryptos could be merged if the developers of both wanted it to happen?

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12-17-2017 , 12:12 AM

#25169

piepounder

old hand

Join Date: Sep 2012 Posts: 1,557

Quote:

Originally Posted by cardsoup

Blockchains can fork but can they be merged or appended? Is there a possible future where separate cryptos could be merged if the developers of both wanted it to happen?

the integrity of a blockchain is diminished when there is a possibility of a merger. Its possible with archiving otherwise you end up with an unwieldy bungled chain. But yes its not just possible but inevitable

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12-17-2017 , 12:18 AM

#25170

piepounder

old hand

Join Date: Sep 2012 Posts: 1,557

This is a great question and I answered too fast. ITs very tricky

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12-17-2017 , 01:34 AM

#25171

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,057

People could be experimenting with Doge coin to learn crypto currencies. It is a good practice coin. Any way, Doge coin is not really outperforming Bitcoin. If you pull up a graph on crypto compare, in the long run you will see it has actually lost value in comparison to Bitcoin.

In the short term volatility can be quite random. In the long term you see a movement that matches true value. Bitcoin will hopefully be reaching 20k soon. It will be a great milestone for Bitcoin.

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12-17-2017 , 02:08 AM

#25172

d10

Carpal \'Tunnel

Join Date: Jan 2005 Posts: 7,513

Quote:

Originally Posted by Mat Cauthon

That's true, but most people who say that have no clue what it means. Relational database technology is also here to stay.

BUY SQL

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12-17-2017 , 04:03 AM

#25173

Poncheezied

centurion

Join Date: Oct 2012 Posts: 161

Are there any groups on 2p2 where i can trade stars or skrill $ for bitcoin? All the exchanges are overloaded, been trying to buy some for days with no luck. thanks in advance

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12-17-2017 , 06:30 AM

#25174

Pinkmann

old hand

Join Date: Nov 2014 Posts: 1,485

Quote:

Originally Posted by aggo

But the problem is that these altcoins carry far greater risk

Obviously I'm not advocating that everyone should jump on doge, but I'd be very curious to quantify the 2017 returns and volatility of various cryptos. If I had to guess, I'd assume doge would be risking more than it earns. But I still had to point out that a joke of a coin outdid btc. Easily that will be not the case at years end.

Yes bitcoin is big daddy, and we all wouldn't be here without it. That said, that doesn't make it the best investment going forward with risk/volatility factored in according to your own personal risk apatite. I could easily be proven wrong if the numbers say so.

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12-17-2017 , 07:41 AM

#25175

Duffman08

adept

Join Date: Nov 2008 Posts: 1,011

Quote:

Originally Posted by Pinkmann

BTC has proven you can buy it, store-it, and sleep at night.
Holding bags of Dogecoin would keep me on edge 24/7 wondering who is propping it up and when the circus will end.
I've seen 2 Bitconnect massive shills show MASSIVE amounts of Dogecoin in their wallet. I mean what better way to diversify your ponzi scheme income than to invest some of the proceeds in a solid-alt such as Doge.

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