Me a couple days ago when XRP was at $1: "I see too many people buying this because the price is so low compared to other cryptos saying how big the potential is for gains, but to even go up to $2 the market cap would have to hit $80,000,000,000"
Meanwhile
Lol, I was trading XRP last week when it was below $1 and sold it. Then I saw that it rallied for the third week in a row so I bought some a few days ago at $1.25. Now it's about $2. I keep wondering how high this thing will go. Needless to say, it has already outperformed BTC in terms of % of increase annually. It will be interesting to see where this holds up.
Also, I already regret (FOMO) not buying it when I saw it at 0.50 just earlier this month.
The technology itself isn't going anywhere though.
I can vividly imagine a world where developing nations band together to boost their economies and create a "euro" of their own...an "Africo" or "South Amero". I can forsee banks like JPMorgan Chase, Citigroup, HSBC, Barclays creating their own mega currency backed by their investments.
Crypto is the dotcom bubble for millenials, no doubt about that. But like the dotcom bubble the technology will have survivors and it will lead to the next Google and Amazon.
The technology itself isn't going anywhere though.
I can vividly imagine a world where developing nations band together to boost their economies and create a "euro" of their own...an "Africo" or "South Amero". I can forsee banks like JPMorgan Chase, Citigroup, HSBC, Barclays creating their own mega currency backed by their investments.
Crypto is the dotcom bubble for millenials, no doubt about that. But like the dotcom bubble the technology will have survivors and it will lead to the next Google and Amazon.
The proliferation of the technology itself has ALMOST NOTHING to do with the long-term prices of cryptocurrencies, though.
(bounces things in the short term from playing to the mania, but longterm it is fundamentally separate)
If somebody decides to use blockchain, or whatever, it's not like Bitcoin gets a slice of that pie.
It is a wholly separate and independent implementation of the underlying technology.
No other implementation of the technology directly benefits from that, in any direct way.
In your "dotcom bubble" analogy it is more like this:
(1) ALL cryptocurrencies are essentially the product-less money-losing companies that only existed to soak up venture capital and to make money off of half-baked IPOs during the boom.
(2) the next "google or amazon" in your analogy are preexisting companies like big banks, that are using blockchain (or whatever other implementation is useful to them) to do their regular business better or more securely
There is absolutely no fundamental reason that the two would ever need to overlap directly.
(unless you're talking about a company using it as a sort of "internal scrip" like what Kodak is planning to do for photo royalties)
The tide raises and lowers all ships. If this technology truly takes off, I think the more marketable stuff will survive.
Obvious jokes like "dogecoin" are indicative of the current state of the technology. It's a silly little game right now.
Bitcoin is the poster child, Ripple is being adopted by money gram, Litecoin has always advertised itself as "Silver to bitcoins gold", Etherium feels...out of place to me. But I think it would be a little wise to invest something if anything just to learn how the damn thing actually works.
The tide raises and lowers all ships. If this technology truly takes off, I think the more marketable stuff will survive.
Obvious jokes like "dogecoin" are indicative of the current state of the technology. It's a silly little game right now.
Bitcoin is the poster child, Ripple is being adopted by money gram, Litecoin has always advertised itself as "Silver to bitcoins gold", Etherium feels...out of place to me. But I think it would be a little wise to invest something if anything just to learn how the damn thing actually works.
Etherium's benefit is supposedly "smart contracts", though I don't know exactly what that entails beyond the buzz word.
And no, I don't think a "rising tide" of using blockchain based technologies for ACTUAL business applications has any fundamental bearing on the validity or the viability of cryptocurrencies using the same technology.
Not to say that the media coverage and potential hype won't bring in new "greater fools".
But the GENUINE FUNDAMENTALS are completely unrelated.
I don't see why there would be some bottom. I think the winning crypto will be the one that will be useable as currency not as an asset. Definitely won't be Bitcoin.
Holy Macaroni! I heard that crypto was down, but I just checked now and saw just HOW down.
I got out of crypto not because I wanted to, but because I had to move all my money over into a different investment. I would have held onto it had this other opportunity not arose. Dumb luck on my part.
Holy Macaroni! I heard that crypto was down, but I just checked now and saw just HOW down.
I got out of crypto not because I wanted to, but because I had to move all my money over into a different investment. I would have held onto it had this other opportunity not arose. Dumb luck on my part.
Holy Macaroni! I heard that crypto was down, but I just checked now and saw just HOW down.
I got out of crypto not because I wanted to, but because I had to move all my money over into a different investment. I would have held onto it had this other opportunity not arose. Dumb luck on my part.
So the question becomes when do you jump back in?
You don't. Those percentage gains will never be realized again. Ever.
A few days ago I learned a friend of mine has 3 whole bitcoins, which he's telling me will go over/near 18k again and that he'll sell it then. Keep in mind I'm in highschool; this is a Sophomore who, for not selling at it's peak, has mentally made the decision to hold out when he, compared to now, could have gotten the equivalent of 23 months of my family's rent. I don't know how to process this information.
Also I checked the price when I learned, it was 10k per coin by then, and now it's 6k a few days later. And I was impressed with the increase in price .
Fun to see this topic bumped, especially after the market has been so stagnant for two months.
Binance does these kinds of competitions all the time to encourage volume for newly added coins/tokens. There are users that have acquired coins/tokens prior to an asset being listed on Binance, so when Binance adds that asset they'll entice users to transfer some to Binance to give Binance greater liquidity and higher overall volume. It let's people deposit it to Binance and then either hold it or sell it, and with more people depositing to Binance, the hope is that for people who want to buy that there will be sufficient volume to do so.
Has anyone heard of sweatcoin? It's an app where you get paid in sweatcoin just for walking and you can trade your sweatcoin in for prizes. Apparently they're also trying to make it a crypto currency. Doesn't seem like a scam to me from what I've read. Basically you can earn a max of $1 a day just by walking if you opt in for the breaker plan to get a Max of 20 sweatcoin a day.
They are spending a lot on marketing and advertising right now which means it's not happening naturally. Every time I turn my head it's bit coin this or that for that last couple weeks.
They are spending a lot on marketing and advertising right now which means it's not happening naturally. Every time I turn my head it's bit coin this or that for that last couple weeks.
In this context, who would "they" be? News happens pretty organically when prices rise.
Anyone seen Btcs recent spike? You think it'll ever get back up to almost $20k?
Impossible to say, but I tend to think that it will blow past $20k maybe to like $50k. But it will keep this trend of pumping and crashing until people actually start using it instead of speculating it.
Ultimately, it will fade away into the nothingness, but along the way it will have some more waves
Anyone seen Btcs recent spike? You think it'll ever get back up to almost $20k?
I'm looking forward to the next crash, because the memes are best when prices are down.
I don't even know what to do about Bitcoin anymore. I feel like BTC is holding back cryptocurrency as a whole, because it's objectively bad as a currency but it's the only one with any name recognition. 2017 showed just how slow and expensive it becomes when people actually start using it. Second layer IOU protocols to work around how clunky the underlying network is does not sound like the future of money to me. Once you look at altcoins it's just a riot of people shilling anything and everything hoping to get rich.
The price swings and speculation and shilling are fun to watch, but it still feels like we're a long ways off from a decentralized cryptocurrency getting actual public use.
They are spending a lot on marketing and advertising right now which means it's not happening naturally. Every time I turn my head it's bit coin this or that for that last couple weeks.
In this context, who would "they" be? News happens pretty organically when prices rise.
“They” are the people that benefit from the cost of bitcoin rising who can afford complex marketing ops. News articles can help create news or they can disseminate news. There was some “hurdle” bitcoin had passed being advertised a few weeks back that resulted in a liilte increase in bitcoin price, then when the news started dying down, boom, the price doubled from like 4,000 -8,000.
"Took the market by surprise last week when the price surged higher, leaving many analysts and traders unsure what exactly triggered the uptick, with little changed for bitcoins fundamentals."
(This article isn’t about the hurdle or the advertising I was talking about in the other post, that had already happened.)
I got lucky. Back in 2017 I bought I think around September when it was just under $5k. Sold around December at around $17k-$18k. Haven't touched it since. Seems like a (little) safer bet than the casino but not much better.
I mean now that a lot of people have money in there, there is an incentive for the big players to not let the price drop, so it could be a good gamble if you get in before they do the next round of pushing and get out before it drops.
Last month there was a very aggressive cryptovirus going out that carried a ransom note demanding Bitcoin. My company got hit but we just loaded from backups, other companies weren't so lucky. It came and went pretty fast but everyone was scrambling to buy Bitcoin and I had thought I should buy more when it started but I did not. Now I see the price doubled and I'm pretty sure that's why.
I initially bought a bunch of Bitcoin at $600 each so I'm doing alright either way.
Comments
Me a couple days ago when XRP was at $1: "I see too many people buying this because the price is so low compared to other cryptos saying how big the potential is for gains, but to even go up to $2 the market cap would have to hit $80,000,000,000"
Meanwhile
Lol, I was trading XRP last week when it was below $1 and sold it. Then I saw that it rallied for the third week in a row so I bought some a few days ago at $1.25. Now it's about $2. I keep wondering how high this thing will go. Needless to say, it has already outperformed BTC in terms of % of increase annually. It will be interesting to see where this holds up.
Also, I already regret (FOMO) not buying it when I saw it at 0.50 just earlier this month.
It is now #2 now in terms of market cap.
You would think Coinbase would add it soon.
Man I wish I had money to spare and the ability to short bitcoins....
I guess this is still relevant for now...
Not sure if I should save my cash, or sell everything I have and buy some crypto when price hits what I think bottom will be... ($8500)
Then again, looking at some friends who've gotten into crypto, I just can't see living like I'm on my 9th cup of coffee all day like they are...
Not sure if I should save my cash, or sell everything I have and buy some crypto when price hits what I think bottom will be... ($8500)
There is some very sage advice out there about not "catching falling knives"...
I can vividly imagine a world where developing nations band together to boost their economies and create a "euro" of their own...an "Africo" or "South Amero". I can forsee banks like JPMorgan Chase, Citigroup, HSBC, Barclays creating their own mega currency backed by their investments.
Crypto is the dotcom bubble for millenials, no doubt about that. But like the dotcom bubble the technology will have survivors and it will lead to the next Google and Amazon.
The technology itself isn't going anywhere though.
I can vividly imagine a world where developing nations band together to boost their economies and create a "euro" of their own...an "Africo" or "South Amero". I can forsee banks like JPMorgan Chase, Citigroup, HSBC, Barclays creating their own mega currency backed by their investments.
Crypto is the dotcom bubble for millenials, no doubt about that. But like the dotcom bubble the technology will have survivors and it will lead to the next Google and Amazon.
The proliferation of the technology itself has ALMOST NOTHING to do with the long-term prices of cryptocurrencies, though.
(bounces things in the short term from playing to the mania, but longterm it is fundamentally separate)
If somebody decides to use blockchain, or whatever, it's not like Bitcoin gets a slice of that pie.
It is a wholly separate and independent implementation of the underlying technology.
No other implementation of the technology directly benefits from that, in any direct way.
In your "dotcom bubble" analogy it is more like this:
(1) ALL cryptocurrencies are essentially the product-less money-losing companies that only existed to soak up venture capital and to make money off of half-baked IPOs during the boom.
(2) the next "google or amazon" in your analogy are preexisting companies like big banks, that are using blockchain (or whatever other implementation is useful to them) to do their regular business better or more securely
There is absolutely no fundamental reason that the two would ever need to overlap directly.
(unless you're talking about a company using it as a sort of "internal scrip" like what Kodak is planning to do for photo royalties)
Obvious jokes like "dogecoin" are indicative of the current state of the technology. It's a silly little game right now.
Bitcoin is the poster child, Ripple is being adopted by money gram, Litecoin has always advertised itself as "Silver to bitcoins gold", Etherium feels...out of place to me. But I think it would be a little wise to invest something if anything just to learn how the damn thing actually works.
The tide raises and lowers all ships. If this technology truly takes off, I think the more marketable stuff will survive.
Obvious jokes like "dogecoin" are indicative of the current state of the technology. It's a silly little game right now.
Bitcoin is the poster child, Ripple is being adopted by money gram, Litecoin has always advertised itself as "Silver to bitcoins gold", Etherium feels...out of place to me. But I think it would be a little wise to invest something if anything just to learn how the damn thing actually works.
Etherium's benefit is supposedly "smart contracts", though I don't know exactly what that entails beyond the buzz word.
And no, I don't think a "rising tide" of using blockchain based technologies for ACTUAL business applications has any fundamental bearing on the validity or the viability of cryptocurrencies using the same technology.
Not to say that the media coverage and potential hype won't bring in new "greater fools".
But the GENUINE FUNDAMENTALS are completely unrelated.
Wonder where's the bottom.
I got out of crypto not because I wanted to, but because I had to move all my money over into a different investment. I would have held onto it had this other opportunity not arose. Dumb luck on my part.
Holy Macaroni! I heard that crypto was down, but I just checked now and saw just HOW down.
I got out of crypto not because I wanted to, but because I had to move all my money over into a different investment. I would have held onto it had this other opportunity not arose. Dumb luck on my part.
So the question becomes when do you jump back in?
Holy Macaroni! I heard that crypto was down, but I just checked now and saw just HOW down.
I got out of crypto not because I wanted to, but because I had to move all my money over into a different investment. I would have held onto it had this other opportunity not arose. Dumb luck on my part.
So the question becomes when do you jump back in?
You don't. Those percentage gains will never be realized again. Ever.
Also I checked the price when I learned, it was 10k per coin by then, and now it's 6k a few days later. And I was impressed with the increase in price
https://support.binance.com/hc/en-us/articles/360002374112--IOST-Competition-5-Million-IOST-To-Giveaway-
Binance does these kinds of competitions all the time to encourage volume for newly added coins/tokens. There are users that have acquired coins/tokens prior to an asset being listed on Binance, so when Binance adds that asset they'll entice users to transfer some to Binance to give Binance greater liquidity and higher overall volume. It let's people deposit it to Binance and then either hold it or sell it, and with more people depositing to Binance, the hope is that for people who want to buy that there will be sufficient volume to do so.
https://sweatco.in/hi/scrafty
They are spending a lot on marketing and advertising right now which means it's not happening naturally. Every time I turn my head it's bit coin this or that for that last couple weeks.
In this context, who would "they" be? News happens pretty organically when prices rise.
Anyone seen Btcs recent spike? You think it'll ever get back up to almost $20k?
Impossible to say, but I tend to think that it will blow past $20k maybe to like $50k. But it will keep this trend of pumping and crashing until people actually start using it instead of speculating it.
Ultimately, it will fade away into the nothingness, but along the way it will have some more waves
Anyone seen Btcs recent spike? You think it'll ever get back up to almost $20k?
I'm looking forward to the next crash, because the memes are best when prices are down.
I don't even know what to do about Bitcoin anymore. I feel like BTC is holding back cryptocurrency as a whole, because it's objectively bad as a currency but it's the only one with any name recognition. 2017 showed just how slow and expensive it becomes when people actually start using it. Second layer IOU protocols to work around how clunky the underlying network is does not sound like the future of money to me. Once you look at altcoins it's just a riot of people shilling anything and everything hoping to get rich.
The price swings and speculation and shilling are fun to watch, but it still feels like we're a long ways off from a decentralized cryptocurrency getting actual public use.
They are spending a lot on marketing and advertising right now which means it's not happening naturally. Every time I turn my head it's bit coin this or that for that last couple weeks.
In this context, who would "they" be? News happens pretty organically when prices rise.
“They” are the people that benefit from the cost of bitcoin rising who can afford complex marketing ops. News articles can help create news or they can disseminate news. There was some “hurdle” bitcoin had passed being advertised a few weeks back that resulted in a liilte increase in bitcoin price, then when the news started dying down, boom, the price doubled from like 4,000 -8,000.
"Took the market by surprise last week when the price surged higher, leaving many analysts and traders unsure what exactly triggered the uptick, with little changed for bitcoins fundamentals."
(This article isn’t about the hurdle or the advertising I was talking about in the other post, that had already happened.)
I initially bought a bunch of Bitcoin at $600 each so I'm doing alright either way.