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Old Money
Stanford Fan
Miami
Member since Sep 2012
24145 posts

re: Official CryptoTalk Thread
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


ChuckO1975
LSU Fan
Member since Feb 2021
90 posts

re: Official CryptoTalk Thread
quote:

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.


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rocket31
Toledo Fan
Member since Jan 2008
36537 posts
 Online 

re: Official CryptoTalk Thread
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


lsu777
LSU Fan
westlake
Member since Jan 2004
16239 posts

re: Official CryptoTalk Thread
quote:

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.



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jmcwhrter
Member since Nov 2012
3303 posts

re: Official CryptoTalk Thread
quote:

I ain’t your pal.


Sure you are guy


rocket31
Toledo Fan
Member since Jan 2008
36537 posts
 Online 

re: Official CryptoTalk Thread
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


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rocket31
Toledo Fan
Member since Jan 2008
36537 posts
 Online 

re: Official CryptoTalk Thread
quote:

plus there will be a "fed coin" sooner rather than later


POWELL SAYS DIGITAL DOLLAR IS A 'HIGH PRIORITY' PROJECT
LINK


jimbeam
US Army Fan
University of LSU
Member since Oct 2011
69622 posts

re: Official CryptoTalk Thread
Won’t change anything for BTC


rocket31
Toledo Fan
Member since Jan 2008
36537 posts
 Online 

re: Official CryptoTalk Thread
normies will interpret this as bad for bitcoin/crypto but this is extremely bullish for the market overall
This post was edited on 2/23 at 10:43 am


Ross
Auburn Fan
Member since Oct 2007
43484 posts

re: Official CryptoTalk Thread
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.


rocket31
Toledo Fan
Member since Jan 2008
36537 posts
 Online 

re: Official CryptoTalk Thread
right but it allows them to track every transaction we make


JimMorrison
South Carolina Fan
The Peninsula
Member since May 2012
20269 posts

re: Official CryptoTalk Thread
quote:

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.


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JimMorrison
South Carolina Fan
The Peninsula
Member since May 2012
20269 posts

re: Official CryptoTalk Thread
quote:

it allows them to track every transaction we make


That is the worst part of going cashless


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Ross
Auburn Fan
Member since Oct 2007
43484 posts

re: Official CryptoTalk Thread
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


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10
jmcwhrter
Member since Nov 2012
3303 posts

re: Official CryptoTalk Thread
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!


Ross
Auburn Fan
Member since Oct 2007
43484 posts

re: Official CryptoTalk Thread
what is the problem with just using a USD stablecoin if volatility scares you?


Fedcoin has no viable use cases from where I sit
This post was edited on 2/23 at 11:09 am


jimbeam
US Army Fan
University of LSU
Member since Oct 2011
69622 posts

re: Official CryptoTalk Thread
Those wicks though


Ross
Auburn Fan
Member since Oct 2007
43484 posts

re: Official CryptoTalk Thread
I have spent too much money this month on cryptos but God it’s always so tempting when you see this sea of red


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jmcwhrter
Member since Nov 2012
3303 posts

re: Official CryptoTalk Thread
quote:

Fedcoin has no viable use cases from where I sit


It's use case is to kill off all of the othercoins


rocket31
Toledo Fan
Member since Jan 2008
36537 posts
 Online 

re: Official CryptoTalk Thread
right but this gives normies access to "crypto" that they wouldn't have had otherwise, which just naturally increases adoption

a lot of people are just scared of digital currency for whatever reason


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