Monitoring the Crypto Bubble
- Thread starter Bullion Baron
- Start date
The advent of new money, according to Willy Woo.
He doesn't provide an explanation of this graph.
My view is that fiat will only be replaced by cryptocurrencies if either the State collapses (which is highly unlikely), the State issues a cryptocurrency (which really is just a digital version of fiat) or private currencies are issued with the blessing of the State and achieves widespread acceptance by the people. If the 3rd scenario eventuates, I see government issued fiat operating in circulation alongside privately issued crypto-currencies.
He doesn't provide an explanation of this graph.
My view is that fiat will only be replaced by cryptocurrencies if either the State collapses (which is highly unlikely), the State issues a cryptocurrency (which really is just a digital version of fiat) or private currencies are issued with the blessing of the State and achieves widespread acceptance by the people. If the 3rd scenario eventuates, I see government issued fiat operating in circulation alongside privately issued crypto-currencies.
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Polar.bear.Stacker
Well-Known Member
One of the head scratches I have is that people can find money of the deceased. You find gold coins buried in the ground or hidden somewhere. If you die (and the keys are therefore lost), that digital currency is lost forever.
The dead lose access to everything.
Store your keys safely where they can be accessed by loved ones should you die. Just as you would with your bank accounts and bullion.
Shiba up 45% today woot woot!
Polar.bear.Stacker
Well-Known Member
Your bank accounts and bullion wouldn't be lost forever. The legal system would ensure someone was given access. No such recourse for crypto
Burying bullion in an isolated location is exactly the same as not establishing protocols allowing others access to your crypto in the event of an untimely death. It depends upon your level of paranoia. There's no recourse for poor estate planning planning, even in relation to bank accounts.
To all my no-coiner friends I say:
TreasureHunter
Well-Known Member
HEX is a strange cryptocurrency, but with a wicked-looking founder, who does say many interesting things indeed:
Staking is time-based and the yield is very high (30+% per year).
The chart doesn't look too promising and resembles a pump & dump. It had a tremendous growth rate, but now it seems like it went abruptly down.
Any thoughts, experience with HEX?
Staking is time-based and the yield is very high (30+% per year).
The chart doesn't look too promising and resembles a pump & dump. It had a tremendous growth rate, but now it seems like it went abruptly down.
Any thoughts, experience with HEX?
TreasureHunter
Well-Known Member
The thing with crypto is that people use it mainly for speculation: trading and holding instead of using them in transactions.
Regardless how nice and modern the infrastructure of cryptos that allow "smart contracts" and this and that, I doubt that most people care. They simply buy the token or the cryptocurrency and don't give a damn about its use!
What I think is a tremendous illusion is that people care about how they work. People don't care.
Shiba Inu and other similar coins are a great example: people only care about profits, they don't care and 99% don't even understand what is ERC90, what "smart contracts" mean.
Regardless how nice and modern the infrastructure of cryptos that allow "smart contracts" and this and that, I doubt that most people care. They simply buy the token or the cryptocurrency and don't give a damn about its use!
What I think is a tremendous illusion is that people care about how they work. People don't care.
Shiba Inu and other similar coins are a great example: people only care about profits, they don't care and 99% don't even understand what is ERC90, what "smart contracts" mean.
Crypto trade is HARAM, largest Muslim nation’s religious council rules
https://on.rt.com/bkpc
https://on.rt.com/bkpc
A guy I worked with wanted to get into Investing and dumped 1000 into doge and shiba the other day haha. I tried to tell him to do some research but he was sure.
I told him neither doge or shiba are investments but he heard how high they are going online and wants to be rich haha. Now every day he wonders what happened.
So many now are getting into cryptos without a clue and no chart knowledge at all. They just buy what they hear about in the mainstream.
I told him neither doge or shiba are investments but he heard how high they are going online and wants to be rich haha. Now every day he wonders what happened.
So many now are getting into cryptos without a clue and no chart knowledge at all. They just buy what they hear about in the mainstream.
TreasureHunter
Well-Known Member
What do you guys think about BitTorrent, does it have any future? Especially for investing in it?
I've been researching, but not sure about the technical part. I am not sure if the 5G environment allows other (better) solutions in this field (I'm talking about file sharing, file transfer), since there are so many cloud solutions and there is also the problem related to copyright. With this in mind, I am not sure whether BitTorrent's system could become outdated soon due to better technology.
I am seriously thinking about BitTorrent, but the supply is also tremendous (circulating supply of 660 Billion BTT coins and a total supply of 990 Billion). That makes it Shiba Inu-ish highly diluted.
I've been researching, but not sure about the technical part. I am not sure if the 5G environment allows other (better) solutions in this field (I'm talking about file sharing, file transfer), since there are so many cloud solutions and there is also the problem related to copyright. With this in mind, I am not sure whether BitTorrent's system could become outdated soon due to better technology.
I am seriously thinking about BitTorrent, but the supply is also tremendous (circulating supply of 660 Billion BTT coins and a total supply of 990 Billion). That makes it Shiba Inu-ish highly diluted.
BitTorrent does help with share data downloading, now the speed is much faster too
as capacity are better, speed would continue to improve
not sure with a 5G, this way can still work, may be with some tweaking it can 10x
great investment here, to get upvotes
as capacity are better, speed would continue to improve
not sure with a 5G, this way can still work, may be with some tweaking it can 10x
great investment here, to get upvotes
TreasureHunter
Well-Known Member
I think the big correction (or a mild one) is occurring right now.
I think Ravencoin and Stellar could be the next big opportunities
Solana: 500 million (price: 220 $/coin) / some say the maximum limit was removed, I am not sure - rumours
Ravencoin: 21 billion (price: 0.12 $/coin)
Cardano: 45 billion (price: 1.84 $/coin)
Stellar: 50 billion (price: 0.35 $/coin)
Ripple: 100 billion (price: 1.12 $/coin)
Of course, there are other factors (like the infrastructure, adoption rate etc.).
BUT: I think Ravencoin and Stellar can potentially reach 10-50 $, even. Study a bit about their infrastructure and you will understand why I think so.
Raven and Stellar could be the next Cardano, at least. If not the next Solana. Especially if the developers of Ravencoin include smart contracts + if the coins will get traded on more markets (from what I know,
CoinBase still doesn't have Raven on its platform, but it might accept it soon).
I think Ravencoin and Stellar could be the next big opportunities
Solana: 500 million (price: 220 $/coin) / some say the maximum limit was removed, I am not sure - rumours
Ravencoin: 21 billion (price: 0.12 $/coin)
Cardano: 45 billion (price: 1.84 $/coin)
Stellar: 50 billion (price: 0.35 $/coin)
Ripple: 100 billion (price: 1.12 $/coin)
Of course, there are other factors (like the infrastructure, adoption rate etc.).
BUT: I think Ravencoin and Stellar can potentially reach 10-50 $, even. Study a bit about their infrastructure and you will understand why I think so.
Raven and Stellar could be the next Cardano, at least. If not the next Solana. Especially if the developers of Ravencoin include smart contracts + if the coins will get traded on more markets (from what I know,
CoinBase still doesn't have Raven on its platform, but it might accept it soon).
Just sharing a bit of news. Don't kill the messenger.
"
The Indian government still seeks to ban most cryptocurrencies under a long-awaited cryptocurrencies bill submitted for consideration at Parliament’s so-called Winter Session.
While the measure appears to be essentially the same as the draft bill submitted in January, expectations had grown in recent months that the government had softened its view on crypto and would perhaps seek to have it regulated as a commodity.
The bill, which would create a framework for a central bank digital currency (CBDC) by the Reserve Bank of India (RBI), seeks to ban all private cryptocurrencies except for “certain exceptions to promote the underlying technology of cryptocurrencies and its uses.”
"
https://www.coindesk.com/business/2...rencies-dashing-hopes-for-friendlier-measure/
"
The Indian government still seeks to ban most cryptocurrencies under a long-awaited cryptocurrencies bill submitted for consideration at Parliament’s so-called Winter Session.
While the measure appears to be essentially the same as the draft bill submitted in January, expectations had grown in recent months that the government had softened its view on crypto and would perhaps seek to have it regulated as a commodity.
The bill, which would create a framework for a central bank digital currency (CBDC) by the Reserve Bank of India (RBI), seeks to ban all private cryptocurrencies except for “certain exceptions to promote the underlying technology of cryptocurrencies and its uses.”
"
https://www.coindesk.com/business/2...rencies-dashing-hopes-for-friendlier-measure/
TreasureHunter
Well-Known Member
Raoul Pal believes a massive sell-off is going to occur. I think this has already started. BTC could go to half price or even down to 20 k, 10 k, even.
I also think it will slam 100 k until 2023 (included).
I also think it will slam 100 k until 2023 (included).