Which crypto currency becomes the future payment system

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Which crypto currency becomes the future payment system"
Why not pick one of the thousands that does not lose 10-20% of its make-believe value in ONE DAY?
A couple of days after Rob Kirby said Cryptos are trash on his video with Reluctant Preppers the markets (?) crash. WELL DONE ROB.
ROB KIRBY CRYPTO-CRASH 3 HOURS LATER.jpg
 
Our internet was down today all over town and you couldn't text or anything. Maybe if they can someday get that figured out haha. Sometimes you need to spend money when the wind is blowing.
 
None. They will make up a new one. Maybe copy some of the technology.

Once they came out with Bitcoin futures I knew that was it. Now traders can do to Bitcoin just like what they do to gold and silver in the futures markets. You can play Bitcoin without ever having to buy an actual bitcoin, just play the futures instead. Never get hacked and no premiums (other than broker commissions and margin if applicable).

I would imagine less than 1% of all crypto owners use them to buy stuff, and instead hold them like penny stocks hoping for a quick buck. Some have done very well. Hope the current holders do as well. I won't touch the stuff.
 
There hasn't been much new buyers in the market they say. It's being driven by the current owners buying more and big pump and dumps. There hasn't been any uptick in new people getting in the bubble this time.
 
JohnnyBravo300 said:
There hasn't been much new buyers in the market they say. It's being driven by the current owners buying more and big pump and dumps. There hasn't been any uptick in new people getting in the bubble this time.
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Anyone who is willing or can buy bitcoin would have joined the game by Dec 2017. Having said this, the sentiment for bitcoin has been very bullish compared to silver, the ultimate contrarian trade.
 
Lost among the current bout of cryptocurrency euphoria is the fact that capital outflows are exceeding inflows on some of the biggest digital-asset exchanges.

While that may sound counter intuitive to the basic laws of supply and demand with prices of Bitcoin and other tokens surging, it’s not that rare an occurrence in a market that has been dogged by allegations of fraud and manipulation over its decade long existence. TokenAnalyst, a London-based provider of blockchain data, estimates that withdrawals from trading platforms including Bitfinex, BitMEX, Binance and Kraken have exceeded inflows by about $622 million over the past 5 days.

Bitcoin’s more than 30% price rise since last week may have been exaggerated by capital flight from the controversial exchange Bitfinex and its affiliated stablecoin Tether in the wake of allegations that the companies that control both co-mingled client and corporate funds to hide losses. As in past periods of turmoil, investors are seen seeking the safety of Bitcoin because it’s the largest and most liquid token.

“Since Tether is insufficiently backed, it means that some of the reserves backing customer assets on exchanges are likely insufficient,” John Griffin, a finance professor at University of Texas at Austin who had examined cryptocurrency market manipulation, said in an email. “So smart customers will not custody their funds on exchanges and pull their crypto off exchanges. This could put further upward pressure on Bitcoin prices as one would rather take fake money and exchange it to Bitcoin.”
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More: https://www.bloomberg.com/news/arti...-masking-capital-flight-from-crypto-exchanges
 
I'm liking the potential that Radix may bring. Users can make their own crypto debit card at home negating the need to hold coins/tokens with projects that rely on partnerships with the likes of Visa/Mastercard. As the project team are intending to create a token that is a "relatively stable coin" it would not be subject to the same price swings other crypto-currencies suffer from.

I'm thinking this may be a better project than crypto.com's MCO Visa cards though though the latter do offer a suite of financial services eg term deposits and loans, that the team at Radix are unlikely to implement.

Their goal is to replace fiat currencies.
 
JohnnyBravo300 said:
Cryptos are fiat. Same as our dollars.
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The value is in the technology that enables users to carry out a variety of tasks that would previously be too costly, too cumbersome or previously unavailable.

JohnnyBravo300 said:
I dont understand how it would level the volatility. Hope?
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Read their white paper. Basically, an algorithm will determine whether the price of the coin is within an acceptable parameter, if it falls to the floor it triggers an automatic buy event (these purchased tokens are then burnt) or if the price rises to the ceiling a trigger to sell occurs and freshly minted tokens are released from reserves.

Edit to add: this floor price is designed to rise slowly, say over a 10 year period. The ceiling price is expected to remain the same.
 
The level of scamminess in crypto is through the roof. It goes to the heart of even the top tier cryptos. A lot of respected voices within the space should be looked upon with cynicism approaching disdain. Don't trust anyone - and I MEAN anyone. Your cryptocurrency - even Bitcoin - is probably a piece of turd.

It's very high risk vs very high reward.
 
I personally think that bitcoin itself is the future. The only problem of the Bitcoin is to face the people who will never accept the bitcoin, those who will not benefit from it and those who will fully against it. I believe it will continue to develop. It is already applied as a coin payment method to many services, merchants, stores and other stuffs that we can use and exchange together with real products. So we'll see how it works out.
 
Litecoin Launches Debit Card To Spend LTC In Million Of Shops Around The World

The Litecoin Foundation has just announced a new debit card for users to spend LTC, Bibox Token (BIX) and Ternio (TERN) around the world. The debit card is going to be released in the near future as a special edition. Users will have the possibility to spend their digital currencies online or in physical stores anywhere around the world.

Litecoin Foundations Launches LTC Debit Card

The Litecoin ecosystem continues to expand. This time, the Litecoin Foundation announced that the will be launching a special edition of the Litecoin BlockCard, which is a collaborative effort between Litecoin, Bibox Exchange and Ternio. These companies are targetting everyday shoppers and spenders that want to use their cryptocurrencies to make purchases.

At the moment, the first customers are going to be located in the United States. Bibox Exchange is going to be acting as the custodian of the funds. The company has a $200+ million trading volume worth of crypto.
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https://cryptonews.com.au/story/lit...tc-in-million-of-shops-around-the-world-90103

Headline is a bit misleading, the cards have not been launched yet, they are being planned.
 
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