Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

  • Total voters
    146
- Ripple, centralized and censorable, $100B
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What's the problem with a private currency being centralised? Every company centralises their decision making processes and power structures as a mechanism to make a profit. Reputation is what attracts investors and gives them the opportunity to join in and share some of that profit.
 
mmm....shiney! said:
What's the problem with a private currency being centralised? Every company centralises their decision making processes and power structures as a mechanism to make a profit. Reputation is what attracts investors and gives them the opportunity to join in and share some of that profit.
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decentralisation is all about concensus and governance. there is nothing stopping ripple from changing the amount of supply or anything about the coin. decentralisation makes changing properties very difficult. remember this is just computer code and properties are not real, this is the reason bitcoiners think altcoins are potentially worthless, in that their properties can be changed at any time. note crypto currency properties are not real, they are decided by computer code and who decides their properties?
 
From a non-bitcoiner's perspective, and a libertarian one, as long as that process of centralisation remains completely voluntary eg unlike the centralisation of our social phenomena such as money and markets, then I haven't got a problem with the ripple foundation calling the shots. In the end it will be the customers and users of their service that will decide the properties anyay, just as my customers decide on my behalf what products I sell to them.

What would be even better would be a shareholder system where holders of XRP would get to vote on any changes to those properties - for a price.
 
@southerncross throw the moringa leaves in your soup/stews etc in my time abroad they ate malungay (moringa, drumstick tree among the other names it has)all the time although i bet you already knew that .ive eaten a shitload of it my missus loves it . thought i would just put it out there for others if they didnt know about it google "the miracle tree" its got some serious nutritional value
 
willrocks said:
Centralised isn't much better than the current banking system.
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I’m not going to object to s centralised private coin if I’m making a shitload from it.

I’ll leave the philosophical angst and hand-wringing to the bitcoiners.
 
willrocks said:
Good luck with it. But you need more than luck if you plan on holding long-term.
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No plans on holding long-term, have a definite figure in mind then it’s bail out time and quite achievable I think in the next few months too, maybe sooner.
 
willrocks said:
I agree. The market cap of most altcoins is very questionable and heavily manipulated. With not a lot of effort anyone can create a new coin, get it listed then trade it back and forth at any price. "Painting the tape" is not a new technique. I could create a Willrocks coin (WRC) get it listed on an exchange then trade it back and forth for any price I want. I could essentially pump up the market cap with not much outlay apart from paying exchange commissions. Granted there's other expenses for marketing ... etc. But still not a big outlay.
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Then why don’t you do it?
 
willrocks said:
I agree. The market cap of most altcoins is very questionable and heavily manipulated. With not a lot of effort anyone can create a new coin, get it listed then trade it back and forth at any price. "Painting the tape" is not a new technique. I could create a Willrocks coin (WRC) get it listed on an exchange then trade it back and forth for any price I want. I could essentially pump up the market cap with not much outlay apart from paying exchange commissions. Granted there's other expenses for marketing ... etc. But still not a big outlay.

Because of the above, I question market caps of most alt-coins that aren't very well established. There's really only a market for 5-10 coins, the rest are just shitcoins and will go to zero accordingly. The chances of an average crypto investor (punter) betting on the "next bitcoin" and getting it right is virtually zero. Never hold a shitcoin longer than needed. Don't become a bag holder. If you make profits on a shitcoin, crystallise it back into one of the top 5 coins, dollars, or precious metals.
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Only value shitcoins have is making you richer. Its a risky, fun game. Like duck, duck, shit. I've lost and made thousands on shitcoins, hail the shitcoin gods!
 
Good to see Coinmarketcap has removed Korean exchanges from their price average. Those Korean exchanges are nuts.
 
A lot of people cashing out and not many new guys coming into the market. Good to see these corrections happening. I'm still hoping bitcoin gets down to the $7000 USD level.
 
How to make money with bitcoin on January 11 2018.
1) Wait for negative article to be released
2) SELLLLLLLL
3) Price drops 15% in an hour
4) Buy back making 15% more bitcoins
5) Wait for next cycle
 
jerrygold said:
How to make money with bitcoin on January 11 2018.
1) Wait for negative article to be released
2) SELLLLLLLL
3) Price drops 15% in an hour
4) Buy back making 15% more bitcoins
5) Wait for next cycle
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Now to wait and see if it come back up 15% or falls another 15% :)
 
if only developers spent more time trying to create a good decentralised exchange instead of pumping out shitcoins.
 
Well on the good new, Dogecoin's marketcap is still over 1 billion ;) So some people are still bullish.
 
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