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re: Official CryptoTalk Thread
Posted on 10/11/18 at 8:40 pm to PEPE
Posted on 10/11/18 at 8:40 pm to PEPE
quote:I mean I don’t understand how it’s consider why it’s considered some potentially quick wealth building investment in the first place since it is paradoxical to its intended uses in the first place, and the resulting volatility only compound they paradox.
I don't understand why bitcoin goes down with the stock market goes down. I guess people who have a bunch of money in stocks get nervous about holding something as risky as crypto and get panicky and want to get out?
So if people treated it like an actual currency, then your expectation would seem reasonable. But since they haven’t, and nothing about that was reasonable, then when there are unreasonable reactions in reasonable markets, then we can’t expect reason in an unreasonable market.
I’ve seen arguments from people that crypto is a hedge against a potential crash. But given its speculative and paradoxical nature, and the fact that it has already it’s own crash, isolated to its own market and counter to the broader markets, I think that the way it’s treated now, crypto would be at a uniquely high risk if the broader market crashed.
I’m just unsure whether there would be good for crypto/blockchain as a currency/technology or not. On one hand, maybe it would be treated as what they were intended and weed out the scams; on the other hand, it could potentially have such a negative effect that people wouldn’t unwilling to even use it altogether, in its current form at least.
2
Posted on 10/12/18 at 2:31 am to buckeye_vol
Well, I was just thinking intuitively that when the stock market was struggling, crypto would go up. Bitcoin should in theory be completely independent from traditional stocks.
Many people view bitcoin's ultimate form more as gold than a currency. And gold prices tend to run inverse to the stock market.
If crypto consistently goes down with the stock market (not even sure if that's true) that would tell me most people still don't view bitcoin as any sort of digital gold alternative.
Many people view bitcoin's ultimate form more as gold than a currency. And gold prices tend to run inverse to the stock market.
If crypto consistently goes down with the stock market (not even sure if that's true) that would tell me most people still don't view bitcoin as any sort of digital gold alternative.
Posted on 10/12/18 at 12:10 pm to PEPE
quote:
Well, I was just thinking intuitively that when the stock market was struggling, crypto would go up. Bitcoin should in theory be completely independent from traditional stocks.
I have observed just the opposite, FWIW.
Posted on 10/15/18 at 10:19 am to weagle99
Replying to last post.
What is going on with this Tether situation? Should I get my alts off Binance? Or will I be good as long as I’m not holding any USDT?
What is going on with this Tether situation? Should I get my alts off Binance? Or will I be good as long as I’m not holding any USDT?
Posted on 10/15/18 at 6:30 pm to HottyToddy7
I would get the frick out of tether but I’ve been preaching that for a year. Coins should be fine on Binance though
Posted on 10/17/18 at 4:17 pm to CE Tiger
CHAINLINK
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Posted on 10/18/18 at 10:31 am to CE Tiger
Very nice. Hope it holds this time, we’ve seen it hit .38 cents before only to drop back down to .30 couple days later
Posted on 10/20/18 at 2:31 pm to buckeye_vol
Buckeye and others,
I thought I would bring your attention to a platform that I have been following for a while called Debitum. They are mainly focused on short term loans (as quick as 8 days currently) for businesses that need some cash flow, which because of their size they are struggling to get financing from banks. I just bought some of the debitum utility token (currently trading at 1.2 cents), which you can invest on the platform for these loans. I'll report back when the repayment occurs.
LINK
I thought I would bring your attention to a platform that I have been following for a while called Debitum. They are mainly focused on short term loans (as quick as 8 days currently) for businesses that need some cash flow, which because of their size they are struggling to get financing from banks. I just bought some of the debitum utility token (currently trading at 1.2 cents), which you can invest on the platform for these loans. I'll report back when the repayment occurs.
LINK
This post was edited on 10/20/18 at 2:32 pm
Posted on 10/20/18 at 8:15 pm to LSUtoOmaha
Everything you described has been nothing but a scam in the crypto world
Posted on 10/21/18 at 12:45 pm to CE Tiger
A scam based on what?
Posted on 10/21/18 at 12:51 pm to LSUtoOmaha
Any sort of lending platform is a big red flag. I’m sure they are promising you all these increased interest rates as they lend you’re shitcoin our for pennies on the dollar
Posted on 10/21/18 at 1:14 pm to CE Tiger
Not really, especially when they go out of their way to ensure compliance from every large international government. Time will tell
Posted on 10/22/18 at 8:38 am to PEPE
quote:
If crypto consistently goes down with the stock market (not even sure if that's true) that would tell me most people still don't view bitcoin as any sort of digital gold alternative.
This is new....
I thought Bitcoin was a currency?
Yet, its used to make money like an investment with back channel theories by crypto lambo boyz.
Now is the digital gold equivalent?
Posted on 10/22/18 at 8:57 am to JayDeerTay84
Go be a pathetic troll elsewhere, it wasn't funny last time either.
Posted on 10/22/18 at 9:03 am to JayDeerTay84
First it was "digital cash". As people began to realize it can't scale and transaction fees increase with usage it was rebranded to "digital gold" so the whales holding bags can slowly unload it before the majority realizes that there are tecnologically superior DLT solutions out there.
Posted on 10/22/18 at 9:10 am to Douglas Quaid
Web3 Foundation and Chainlink Announce Partnership
That two man team looking good, Buckeye
That two man team looking good, Buckeye
quote:
So Chainlink will be the Oracle service for: Web3: Who are tasking themselves with the entire development structure of the decentralised web, everything from identity to secure cross chain communication to private and permissioned sidechains. ZeppelinOS: Which will be the development standard toolkit for smart contracts and dApps on Ethereum Accord: Which will set the development standards for the construction of legal smart contracts So it's not just about partnering with business x or customer y. It's about partnering with the organisations that set the baseline protocol infrastructure that everything else is built off. It makes Chainlink the Google or the AWS of oracles, so deeply integrated into the future fabric of smart contract development that it pretty much disappears into the background, while powering absolutely everything.
This post was edited on 10/22/18 at 9:16 am
Posted on 10/22/18 at 9:20 am to RATeamWannabe
quote:
Go be a pathetic troll elsewhere, it wasn't funny last time either.
It's not a troll. I've read most of these pages and was in heavy discussion back when this shite 1st popped up.
Ehtereum was the "next big thing" last year and the bubble popped on it.
I can ask 5 "experts" here what the value of crypto is and get 5 different answers.
Posted on 10/22/18 at 10:16 am to Douglas Quaid
quote:
First it was "digital cash". As people began to realize it can't scale and transaction fees increase with usage it was rebranded to "digital gold" so the whales holding bags can slowly unload it before the majority realizes that there are tecnologically superior DLT solutions out there.
LINK
The link is a few months old but it still holds, you can send 10,000$ btc equivalent for 1 cent! The other day someone sent a few million for 18 cents. My average btc transaction time has been less than a minute. Once lightning network scales more there will be thousands of transactions a second.
Posted on 10/22/18 at 11:15 am to LSUtoOmaha
Posted on 10/22/18 at 7:54 pm to Bullfrog
CHAINLINK
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