Bitcoin, Cryptocurrency, and the Future of Global Finance

#726
#726
Thunder Good-Oil said:
There should be a great deal of fear. What determines a fair value (rather than appreciation created from speculation) is still very much unknown. What governments will do is unknown. There might be a finite quantity of the well known cryptos, but there is no barrier to create more as there are how many thousands of them now?
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Bitcoin has no cap which is why it has no utility and it will only go as far as a store of value unless it gets picked up by the flare network.. There are several robust utility cryptos with the total volume caps listed. All the wallets are public with the amount of volume in them like I said in a precious post.

having said that if you want to talk about people that should have fear. That would be the people who hold nothing but dollars in a bank account.

27 trillion dollars are currently in circulation with an unlimited cap.
Only one node of creation for the USD
25% of USD was created in the past 6 months
1% of USD owners have 30% of the total supply.

Even if you do invest you are racing against the inflation created from the BS above.

The DJI and S&P 500 are way over valued as you can see its gains in the past 30 yrs coincides with all this printing and it has just about reached the wall itself.



So the question I asked myself was simple, do I want to be one of the overly medicated NPC's feeding off the new UBI that comes out of this mess or do I want to invest into the new system while there is still a chance and not be hit by that train at the end of the tunnel.
 
#727
#727
reecetn said:
Bitcoin has no cap which is why it has no utility and it will only go as far as a store of value unless it gets picked up by the flare network.. There are several robust utility cryptos with the total volume caps listed. All the wallets are public with the amount of volume in them like I said in a precious post.

having said that if you want to talk about people that should have fear. That would be the people who hold nothing but dollars in a bank account.

27 trillion dollars are currently in circulation with an unlimited cap.
Only one node of creation for the USD
25% of USD was created in the past 6 months
1% of USD owners have 30% of the total supply.

Even if you do invest you are racing against the inflation created from the BS above.

The DJI and S&P 500 are way over valued as you can see its gains in the past 30 yrs coincides with all this printing and it has just about reached the wall itself.



So the question I asked myself was simple, do I want to be one of the overly medicated NPC's feeding off the new UBI that comes out of this mess or do I want to invest into the new system while there is still a chance and not be hit by that train at the end of the tunnel.
Click to expand...

There are various institutions including the Federal government devoting all sorts of resources monitoring and managing US and friendly foreign currencies. Nobody is keeping crypto in check.
 
#728
#728
Which is why it will ultimately collapse. When, I cannot say. There's money to be made if you got in on time, and get out in time.

Otherwise, you were at the bottom of the pyramid scheme when it collapsed.
 
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#729
#729
Thunder Good-Oil said:
There are various institutions including the Federal government devoting all sorts of resources monitoring and managing US and friendly foreign currencies..
Click to expand...

Really??????

This is worth posting again

27 trillion dollars are currently in circulation with an unlimited cap.
Only one node of creation for the USD
25% of USD was created in the past 6 months
1% of USD owners have 30% of the total supply.


for the second time, Cryptos are decentralized and public you can see everything that is going on at all times with every wallet.


plus, for what its worth the feral government specifically the SEC is in currently in court with ripple to provide clarity and regulations for crypto. Lets hope they do not let the same idiots that "control" inflation on the USD have a part in this.
 
#730
#730
reecetn said:
Really??????

This is worth posting again

27 trillion dollars are currently in circulation with an unlimited cap.
Only one node of creation for the USD
25% of USD was created in the past 6 months
1% of USD owners have 30% of the total supply.


for the second time, Cryptos are decentralized and public you can see everything that is going on at all times with every wallet.


plus, for what its worth the feral government specifically the SEC is in currently in court with ripple to provide clarity and regulations for crypto. Lets hope they do not let the same idiots that "control" inflation on the USD have a part in this.
Click to expand...

What percent of crypto market cap has been “created” in the last 6 months? 12 months? 24 months?

At least with US dollars there is a correlated and measured value of production that is being monitored and items in the tool boxes that can be used to manage the variables. Nobody is managing crypto other than the speculators that are manipulating those valuations.
 
#731
#731
One quirky billionaire registering on the autistic spectrum can create immediate, double digit percentage valuation changes in cryptos with tweets. I think I’ll let things settle down a bit before moving significant portions of my US$ based portfolio to CCs.
 
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#732
#732
Thunder Good-Oil said:
What percent of crypto market cap has been “created” in the last 6 months? 12 months? 24 months?
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Crypto caps are in the system when it is created and is public information and the price is discovered according to the volumes purchased.

woops did I just have a Déjà vu moment

Thunder Good-Oil said:
At least with US dollars there is a correlated and measured value of production that is being monitored and items in the tool boxes that can be used to manage the variables.
Click to expand...

Yea tell me how that "value" is working at the gas pumps and grocery stores. And "monitored"? yeah sure I'm not reposting it again scroll up.

Thunder Good-Oil said:
Nobody is managing crypto other than the speculators that are manipulating those valuations.
Click to expand...

Scroll up!!!

Wow did my Déjà vu have a Déjà vu?
 
#733
#733
Thunder Good-Oil said:
One quirky billionaire registering on the autistic spectrum can create immediate, double digit percentage valuation changes in cryptos with tweets. I think I’ll let things settle down a bit before moving significant portions of my US$ based portfolio to CCs.
Click to expand...

The irony in that was the Technical analysis that I am sure Elon Musk knows as well as I and every other investor in the world plainly warned us the corrections were coming before he sent the tweets. He just trolled a bunch of people that hopefully will learn how to value assets for themselves in the future.



On another note there are opportunities right now if purchased and held until the utility is recognized the only thing that would stop you from getting wealthy would be an apocalyptical event like a nuclear war. At the bargain prices we currently have people are going to load up and that train will be gone sooner rather than later.

I will not get into specifics but do research and get in while the opportunity still exists.
 
#734
#734
1,500 plus cryptos are on exchanges and there is nothing limiting adding them to infinity.

It’s pretty irresponsible to promote CC speculation on an anonymous message board. Some naive and vulnerable people can be seriously harmed.
 
#736
#736
Thunder Good-Oil said:
1,500 plus cryptos are on exchanges and there is nothing limiting adding them to infinity.

It’s pretty irresponsible to promote CC speculation on an anonymous message board. Some naive and vulnerable people can be seriously harmed.
Click to expand...

LOL

What is the title of this thread?
 
#737
#737
reecetn said:
Crypto caps are in the system when it is created and is public information and the price is discovered according to the volumes purchased.

woops did I just have a Déjà vu moment



Yea tell me how that "value" is working at the gas pumps and grocery stores. And "monitored"? yeah sure I'm not reposting it again scroll up.



Scroll up!!!

Wow did my Déjà vu have a Déjà vu?
Click to expand...

Crypto caps and the market cap of cryptos aren’t the same thing. Bitcoin has a coin cap. But there’s nothing preventing another 10,000 versions of Bitcoin from being created.

I’m not an economist, but wouldn’t more expensive petro translate into a higher GDP measure? I said that the US$ can be measured against real things. Like the GDP and the budget and the debt and foreign currencies. There is a basis for establishing a valuation. Cryptos have ledgers. Some have caps on coins. IMO those things don’t provide enough data to establish reasonable valuations.
 
#738
#738
reecetn said:
The problem for most is they for some reason think it is smart to sell in said volatile market after a 50% correction. Then when the rebound occurs they are left holding an empty bag. Patience is so simple and yet so few have it.

For the life of me I cannot understand how people do this when all crypto wallets are in public view with charts showing trends that clearly state when the top volume traders are buying and selling. All you have to do is pay attention to this data and you will be fine.
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How would my wife gain access to the crypto wallets for viewing?
 
#740
#740
McDad said:
How would my wife gain access to the crypto wallets for viewing?
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That and hiding money from the government are weighing in on the upside speculation. Maybe there is hope for crypto. The government(s) frown on the money laundering aspect, but hiding the stash from Wifey could bring in a lot of support.

Better file as Married-Separate rather than Joint as taxing the gains isn’t going to be kept hidden from the authorities.
 
#741
#741
Thunder Good-Oil said:
That and hiding money from the government are weighing in on the upside speculation. Maybe there is hope for crypto. The government(s) frown on the money laundering aspect, but hiding the stash from Wifey could bring in a lot of support.

Better file as Married-Separate rather than Joint as taxing the gains isn’t going to be kept hidden from the authorities.
Click to expand...
I was serious in my query. McMom would like to know where to find that info.
 
#743
#743
Thunder Good-Oil said:
It isn’t “Let’s Promote Something that Nobody Understands and maybe Some Will Throw Away their Kid’s College Funds Hoping to Get Rich Quick”.
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LOL if Nobody understood then the crypto market would go from volatile to an out of control dumpster fire that no one would trade in. A lot of people are making money or you would not see the volume you see. You only through away your money by listening to Elon Musk. I warned you about that scroll up. Is that what you call promoting? Or is the troll exposed and clawing its way to the bottom of the cliff?
 
#744
#744
reecetn said:
Here is one. google will find you a plethora of others.
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Uh, I hate to ask this but can you explain it like I am 5? What specifically does she google?.

She is in Ethereum, eth classic, ADA, Doge, XTZ
 
#746
#746
I don't see how anyone can **** on crypto as being an asset with no backing and then look at our current fiscal state and think it's any better. The stock market and goods economy is running because trillions of dollars have been sent to people who didn't really need it and couldn't go out so they bought boats, cars, guns, houses, crypto, and equities. And the printer keeps printing.
 
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#747
#747
DancingOutlaw said:
I don't see how anyone can **** on crypto as being an asset with no backing and then look at our current fiscal state and think it's any better. The stock market and goods economy is running because trillions of dollars have been sent to people who didn't really need it and couldn't go out so they bought boats, cars, guns, houses, crypto, and equities. And the printer keeps printing.
Click to expand...
In my opinion that is exactly why Elon Musk is doing what he can to send people down the rabbit hole while the SEC's Jay Clayton sues ripple on his last day and then goes to work for competitors of ripple. They want retail investors out because they know what is going to happen.
 
#748
#748
reecetn said:
A lot of people are making money or you would not see the volume you see.
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Even more people are going to lose money.

Crypto may very well be part of our future financial system, but today we don't know which ones or when, and along the path to get there, a lot of people are going to get burned.
DancingOutlaw said:
I don't see how anyone can **** on crypto as being an asset with no backing and then look at our current fiscal state and think it's any better.
Click to expand...
It's not just that crypto has no backing--as it stands today, it has little to no real world use.
 
#749
#749
Velo Vol said:
Even more people are going to lose money.

Crypto may very well be part of our future financial system, but today we don't know which ones or when, and along the path to get there, a lot of people are going to get burned.

It's not just that crypto has no backing--as it stands today, it has little to no real world use.
Click to expand...
A Monet has little to no real world use. Utility and value can be mutually exclusive. Cryptos will become more prevalent as a means to buy goods and services. The transaction costs alone make them so attractive compared to the current wire system that takes 2-3% each time. Crypto is a fraction of that and that's why the banks want it to go away as quickly as possible.
 
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#750
#750
DancingOutlaw said:
A Monet has little to no real world use. Utility and value can be mutually exclusive. Cryptos will become more prevalent as a means to buy goods and services. The transaction costs alone make them so attractive compared to the current wire system that takes 2-3% each time. Crypto is a fraction of that and that's why the banks want it to go away as quickly as possible.
Click to expand...

You are so right!!!

They are having a hard time hiding the assets with utility from the people who are looking for them.

To quote Rosie Rios ex US treasurer who is now on the board of directors of Ripple. "The train has already left the station"

If you don't know who Rosie Rios is look on your paper currency. Her name is on it.

Her name is on the money!!!!!!!!!!


It will happen before you know it!!!
 
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