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Posted by
Message
quote:
XLM seems to be one of the more legitimate projects in the space imo. not sure what that means for adoption
They haven't flamed out since the last big run up, so I take that as whatever they're doing seems to be legitimate enough to have some value. It's confusing to me since there are like 500 coins that all talk about being some open source blockchain payment system
re: Official CryptoTalk ThreadPosted by ChuckO1975 
on 2/23/21 at 10:03 am to Old Money
on 2/23/21 at 10:03 am to Old Moneyquote:
They haven't flamed out since the last big run up, so I take that as whatever they're doing seems to be legitimate enough to have some value. It's confusing to me since there are like 500 coins that all talk about being some open source blockchain payment system
XLM has followed a similar trajectory to the rest of the market. It's all dependent on what happens to Bitcoin prices.
Online quote:
confusing to me since there are like 500 coins that all talk about being some open source blockchain payment system
i personally do not quite buy into the long term value of "payment coins"
xrp, xlm, nano, etc all seem to think they will be the payment system of the future, but we already have credit cards (with consumer protections and rewards points) and venmo/cash app (free, instant)
plus there will be a "fed coin" sooner rather than later
re: Official CryptoTalk ThreadPosted by lsu777 on 2/23/21 at 10:15 am to TigerTatorTots
on 2/23/21 at 10:15 am to TigerTatorTotsquote:
6 months*
true and prolly in a month, but the point remains, if you are buying BTC it should eb for long term gains. BTC is not really for day trading anyways. People freak over a 10% dip. most alt coins will run 20-35% in the matter of hours and then return close to resistance.
re: Official CryptoTalk ThreadPosted by jmcwhrter on 2/23/21 at 10:25 am to James11111
quote:
I ain’t your pal.
Sure you are guy
quote:
Did you ever feel you got into #BTC or #BNB too late? And wanted in a bit earlier?
Well, a dip gives you that chance.
If you will feel that way again later, you know this is the moment to blame ... yourself.
Not financial advice.
twitter qoute from CZ - this guy
The Fedcoin sounds like a really stupid idea.
The principle problem with fiat isn’t that it isn’t digital enough. It’s that the centralized authorities are able to devalue it at will. Fedcoin doesn’t address the concern of scarcity.
The principle problem with fiat isn’t that it isn’t digital enough. It’s that the centralized authorities are able to devalue it at will. Fedcoin doesn’t address the concern of scarcity.
re: Official CryptoTalk ThreadPosted by JimMorrison 
on 2/23/21 at 11:03 am to rocket31
on 2/23/21 at 11:03 am to rocket31quote:
this is extremely bullish for the market overall
Agree, will accelerate adoption. I can't believe Americans are still so used to paying with credit cards. I try to use digital payment anywhere I can.
Restaurants and bars need the digital payment at the table to be more common.
re: Official CryptoTalk ThreadPosted by JimMorrison on 2/23/21 at 11:04 am to rocket31
on 2/23/21 at 11:04 am to rocket31quote:
it allows them to track every transaction we make
That is the worst part of going cashless
which is another reason it’s a much worse alternative to standard cryptos
I don’t know many crypto nerds that are like “privacy? Who needs it”
I think the Fed doesn’t really get why people are moving to crypto to begin with
I don’t know many crypto nerds that are like “privacy? Who needs it”
I think the Fed doesn’t really get why people are moving to crypto to begin with
quote:
normies will interpret this as bad for bitcoin/crypto but this is extremely bullish for the market overall
I've always thought this would be their next move.. As more and more people realize the positives of blockchain, they'll swoop in with a "best of both worlds" solution -- the digital dollar.
It's blockchain, so that's good! and it won't drop 30% in value in 8 hours! so that's good too!
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