- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Why is crypto crashing?
Posted on 6/7/22 at 9:03 am to SlidellCajun
Posted on 6/7/22 at 9:03 am to SlidellCajun
quote:You're asking me?
This is a question for you ... not me.
What about when it was 330?
Well, at $330/BTC demand went way up. Price followed suit.
Why is that? IDK.
As I've said, even retrospectively the BTC market is challenging for me to analyze.
quote:So conversely you're saying crypto doesn't have a use:
Art, for all its subjective value though, clearly has a use.
For the Sinaloa cartel?
For an international business working in various currencies?
As a purchasing mechanism in its own right?
You're still claiming various digital ecosystems have no use, and serve no purpose?
This post was edited on 6/7/22 at 9:17 am
2
Posted on 6/7/22 at 9:18 am to SlidellCajun
quote:
Legislative influence is coming though and they have one objective- hinder its usage.
quote:
Bitcoin Archive ??????
@BTC_Archive
·
4h
??BREAKING: US Senator Cynthia Lummis has officially introduced her #Bitcoin bill to integrate digital assets into the financial system. ??
quote:
Bitcoin Archive ??????
@BTC_Archive
·
3h
??BREAKING: New US Senate bill will regulate #Bitcoin as a commodity under the CFTC, not the SEC.
quote:
Bitcoin Archive ??????
@BTC_Archive
·
3h
??BREAKING: #Bitcoin self-custody will be protected as a right by new US Senate bill.
Posted on 6/7/22 at 9:21 am to NC_Tigah
quote:I'm thinking this dude is just trolling at this point trying to see how far he can string people along in the same circle of information. Many posters in this thread have outlined the use of Bitcoin and Ethereum but he still says it has no use. He either A) skipped over those posts B) refuses to acknowledge those posts or C) his brain can't grasp the information of those posts so they may as well not exist
You're still claiming various digital ecosystems have no use, and serve no purpose?
Posted on 6/7/22 at 1:54 pm to NC_Tigah
quote:
You're still claiming various digital ecosystems have no use, and serve no purpose?
If by “various digital ecosystems” you mean crypto currency (and not also blockchain), then I’m sure they do have “some” usage and others have posted about their acceptance as a currency, but I just don’t see being very widespread. Blockchain is different as it certainly has a viable future in various applications.
As it’s usage increases, so too will it’s intrinsic value.
To the degree that it’s usage is limited will be the degree to which it will fight against volatility in its market value.
The point I’m trying to make but struggling to do so, is that it is hard if not impossible to know if the market is valuing it properly.
This post was edited on 6/8/22 at 7:04 am
Posted on 6/7/22 at 2:22 pm to SlidellCajun
quote:I think going back to page 5 we all agreed that given the nature of "crypto" (I mainly only comment on Bitcoin), you cannot measure it to book value or P/E so it is impossible to formulate a widely accepted way to tell if it is over valued or under valued. No one is disagreeing there.
The point I’m trying to make but struggling to do so, is that it is hard if not impossible to know if the market is valuing it properly.
Posted on 6/8/22 at 1:27 am to TigerTatorTots
Holy cow. No way Slidell still thinks crypto's only use is supermarket and Paypal transactions.
How is it possible to fit that many bricks into one head?
Maybe you can understand a Decentralized Finance better than you can understand a decentralized Apple App Store.
AAVE
I'm really trying to help you understand, but you have to at least stop being lazy and do some research. There are thousands of tokens. Go to the Coinmarketcap website I linked you and read what each coin does. Virtually none exist solely for Paypal or supermarket type transactions.
I challenge you to find 3 tokens that exist solely for their ability to be a currency. And you can't use Bitcoin as one of them.
How is it possible to fit that many bricks into one head?
Maybe you can understand a Decentralized Finance better than you can understand a decentralized Apple App Store.
AAVE
I'm really trying to help you understand, but you have to at least stop being lazy and do some research. There are thousands of tokens. Go to the Coinmarketcap website I linked you and read what each coin does. Virtually none exist solely for Paypal or supermarket type transactions.
I challenge you to find 3 tokens that exist solely for their ability to be a currency. And you can't use Bitcoin as one of them.
Posted on 6/8/22 at 2:06 am to TigerTatorTots
CFTC is another corrupt federal cesspool agency that has allowed nonstop fraud for decades. JP steals billions in metals manipulation then pays $10 million in fines then repeat and rinse over and over.
Posted on 6/8/22 at 4:02 am to PUB
I have been very skeptical of Bitcoins, and all the other coins. I did see what appeared to be a well informed on crypto markets specialist on a Finance tv show. He had me thinking more open minded & bullish on crypto for long run. The reporter asked various people "Are things in your life becoming more digital or less" I would think a high percentage of people would answer Yes. I thought about it and realized everything will be going digital can't see us going backwards building analog products!
I think crypto is here to stay and will be used as currency for almost everything within 5, 10, maybe 15 years.
However our elected idiots, The SEC, and other regulatory agencies along with the FED will probably way over regulate the shite on all the crypto coins. After the regulations are leaked to media before they go into effect. I would imagine the market would price that bad news a few weeks prior to new rules effective date. which probably cause a sizable decline in price, and that would be the time to buy a few coins with your disposable income.
Just my 2 cents I am by no means an Finance or Crypto expert!
I think crypto is here to stay and will be used as currency for almost everything within 5, 10, maybe 15 years.
However our elected idiots, The SEC, and other regulatory agencies along with the FED will probably way over regulate the shite on all the crypto coins. After the regulations are leaked to media before they go into effect. I would imagine the market would price that bad news a few weeks prior to new rules effective date. which probably cause a sizable decline in price, and that would be the time to buy a few coins with your disposable income.
Just my 2 cents I am by no means an Finance or Crypto expert!
Posted on 6/8/22 at 7:01 am to TigerTatorTots
quote:
you cannot measure it to book value or P/E so it is impossible to formulate a widely accepted way to tell if it is over valued or under valued. No one is disagreeing there.
And you’re comfortable “investing” under those circumstances?
Posted on 6/8/22 at 7:32 am to Thomas98
quote:
After the regulations are leaked to media before they go into effect. I would imagine the market would price that bad news a few weeks prior to new rules effective date.
The initial legislation was put out in the past day or two. LINK TBD how much it changes before a vote, but it's fairly bullish.
Posted on 6/8/22 at 7:44 am to Thomas98
Younger generation thinks of ETH as a "currency" in the NFT land. Losing thousands in USD but maintaining their crashing ETH levels is not "currency".
CBDC will be the elimination of "cash" and 100% control of every aspect of our lives. Eventually, everybody will have a chip implant to function in the world.
Hunger Games/1984 NWO is 100% in progress and nobody will do jack shite about it either.
CBDC will be the elimination of "cash" and 100% control of every aspect of our lives. Eventually, everybody will have a chip implant to function in the world.
Hunger Games/1984 NWO is 100% in progress and nobody will do jack shite about it either.
Posted on 6/8/22 at 8:56 am to SlidellCajun
quote:Without a doubt yes. I have been since early 2017. I have two buckets of investments - my traditional investments (401k, Roth, HSA) which I purchase stocks, and the rest goes to bitcoin. I've gathered through your posts that you are in the older generation so I completely understand that you don't have the risk tolerance for it.
And you’re comfortable “investing” under those circumstances?
Posted on 6/8/22 at 10:20 am to TigerTatorTots
quote:
I've gathered through your posts that you are in the older generation so I completely understand that you don't have the risk tolerance for
I am and with that comes some experience. I would caution those that are getting into the crypto investment realm to question what they’re buying. Be critical.
I like to invest in equities and also do a bit of trading. I always enter with some degree of scepticism.
Posted on 6/8/22 at 10:30 am to SlidellCajun
It's safe to assume everyone on a financial forum is doing their due diligence.
The vast majority of investors could not define P/E and tons of stocks don't even have a quantifiable P/E. Market cap is a better gauge of value and that exists for crypto.
The vast majority of investors could not define P/E and tons of stocks don't even have a quantifiable P/E. Market cap is a better gauge of value and that exists for crypto.
Posted on 6/8/22 at 10:33 am to tenderfoot tigah
quote:
The vast majority of investors could not define P/E and tons of stocks don't even have a quantifiable P/E. Market cap is a better gauge of value and that exists for crypto.
The robinhood generation... truth!
Posted on 6/8/22 at 9:18 pm to SlidellCajun
Just a general, pretty basic (I guess) bitcoin/ethereum question that came to mind when reading an article: using the current proof-of-work mining model, who/what uses the solutions to the complex math equations that miners race to solve? And who/what devises these equations that need to be solved?
Posted on 6/8/22 at 9:44 pm to Jag_Warrior
And once ethereum moves to the proof-of-stake model, these equations will no longer be solved, won’t need to be solved, or???
Here’s something else that I just read that I was wondering about. Is this going to lock smaller (current) miners out?
Here’s something else that I just read that I was wondering about. Is this going to lock smaller (current) miners out?
quote:
Beiko tells CNBC the original proposal required validators to have 1,500 ether, a stake now worth around $2.7 million, in order to use the system. To lower the barrier to entry, the new proof-of-stake proposal would require interested users to have only 32 ether, or about $57,600.
Posted on 6/9/22 at 6:52 pm to Jag_Warrior
I would imagine the vast majority of ETH holders don't have $60k ETH.
Posted on 6/9/22 at 7:50 pm to tenderfoot tigah
POW with layer 2’s was the clear path. It’s a shame we have to go down this road to only figure all this out. So much network security with POW.
Posted on 6/9/22 at 8:08 pm to SlidellCajun
uh ... why would it be worth what it was worth before and after you posted?
IMO the only "crypto" that will be legit longterm will be ones where the value is attached to something that allows a value to be established. Those will have the advantages of a digital "currency".
IMO the only "crypto" that will be legit longterm will be ones where the value is attached to something that allows a value to be established. Those will have the advantages of a digital "currency".
Page 20 of 27
Popular
Back to top
Follow TigerDroppings for LSU Football News