Bitcoin, Cryptocurrency, and the Future of Global Finance

#951
#951
n_huffhines said:
I still don't get how we get to near zero? One authoritarian country stopped mining and so the value will be zero, lol?

It's funny that he thinks the value is zero but needs the governments all over the world to collectively choke it to death in order to make its value zero. What a tool
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I'm not sure if you understand. I don't think he is pulling for that to happen. I think he's seeing that things are just moving in that direction.
 
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#953
#953
Rasputin_Vol said:
I'm not sure if you understand. I don't think he is pulling for that to happen. I think he's seeing that things are just moving in that direction.
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What makes you say that?

Edit: just looking through his tweet history, he recently posted about crypto 3x (all negative) and gold 3x (all positive).
 
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#954
#954
Rasputin_Vol said:
I'm not sure if you understand. I don't think he is pulling for that to happen. I think he's seeing that things are just moving in that direction.
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Pulling that way because that's it true value or because world govts will rally together to force it to zero? They're 2 vastly different ideas
 
#959
#959
utvolpj said:
You're right, technically gas stations having the same price as the one across the street isn't collusion.
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I'd say a better comparison would be global near-zero interest rates. It wasn't like all the central banks got together and said, "we want zero interest rates." They all acted on their own for various reasons.
 
#962
#962
Velo Vol said:
I'd say a better comparison would be global near-zero interest rates. It wasn't like all the central banks got together and said, "we want zero interest rates." They all acted on their own for various reasons.
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I worked on some projects for Bank of Tennessee 16 years ago in the middle of the housing boom and the easy money phase that facilitated it. The general consensus from the top brass was this is not sustainable and will be bad long term but you either had to compete and use the same practices or possibly go out of business. So not all of them may have been on board but it only takes a few to "get together" and dictate to all.
 
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#963
#963
Velo Vol said:
I'd say a better comparison would be global near-zero interest rates. It wasn't like all the central banks got together and said, "we want zero interest rates." They all acted on their own for various reasons.
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There is an economic consensus that lowering interest rates sparks economic activity, and if the big dogs are lowering interest rates, it makes sense for you to do it too.

There is no economic consensus on crypto. It's not a mechanism within the economy that is managed by a central bank. ETH, for example, is an asset and a platform where activity happens. It's got more in common with Facebook than it does interest rates. I know governments are wary. I know some are going to try some stuff. But this is not a foregone conclusion and the idea that they would collectively shoot their economies in the foot isn't necessarily too dumb for the government but I don't think it's all that likely. What do they gain, other than the alleviation of fear for what they don't understand? They should've done this already. Now powerful people are on board.

There isn't really anything like this. Maybe they'll just treat it like big tech instead of treating it like interest rates. That would make a lot more sense.
 
#966
#966
theFallGuy said:
damn, can we just keep the price at $1 a few more days so I can load up when I get paid
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If this market goes like 2013 and 2017 XRP will go last and hard. There are a ton of alt coins that have not reached ATH so we got time. But a settlement could change things because XRP would be the only coin with clarity. If it goes to trial and Ripple wins on the "Fair Notice" clause that the SEC is fearing all other coins could use that as precedent. If they settle ripple will be king.
 
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#967
#967
reecetn said:
If this market goes like 2013 and 2017 XRP will go last and hard. There are a ton of alt coins that have not reached ATH so we got time. But a settlement could change things because XRP would be the only coin with clarity. If it goes to trial and Ripple wins on the "Fair use clause" that the SEC is fearing all other coins could use that as precedent. If it settle ripple will be king.
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I'm buying ADA, VET, XRP, XLM with what limited funds I have. I should've taken some profits when DOGE hit .70 but lessoned learned. I'm still in the green and I think it will hit a $1.
 
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#968
#968
theFallGuy said:
I'm buying ADA, VET, XRP, XLM with what limited funds I have. I should've taken some profits when DOGE hit .70 but lessoned learned. I'm still in the green and I think it will hit a $1.
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Those are exactly the same coins that have 95% of my portfolio. They have so much use case and are waaaaaayyyyy undervalued right now.
 
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#969
#969
theFallGuy said:
I'm buying ADA, VET, XRP, XLM with what limited funds I have. I should've taken some profits when DOGE hit .70 but lessoned learned. I'm still in the green and I think it will hit a $1.
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This is my breakdown.

XRP 65%
VET 10%
ADA 7%
HBAR 7%
XLM 7%
All Others 4%
 
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#971
#971
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#972
#972
n_huffhines said:
Sounds like I need to check out VET. So much XRP! Holy hell

Edit: oh, VET is VeChain
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VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.

The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.

The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.

list of partners
Vechain.jpeg



One example of VeChain usage would be in the produce/meat industry. Lets say a high end restaurant wants to verify their ingredients are top notch. VeChain would track origin and every warehouse / delivery method in the chain. It could even provide the temperature said ingredients were stored at.
 
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#973
#973
reecetn said:
I worked on some projects for Bank of Tennessee 16 years ago in the middle of the housing boom and the easy money phase that facilitated it. The general consensus from the top brass was this is not sustainable and will be bad long term but you either had to compete and use the same practices or possibly go out of business. So not all of them may have been on board but it only takes a few to "get together" and dictate to all.
Click to expand...
If those execs didn't start to adopt the same practices as competitors, they would have been run out of the office by the board and replaced with execs who would do the more aggressive stuff. Especially once the merry-go-round had been spinning for a few years.

The same thing happens in the asset management industry. "Tesla's up 300% the last 2 months, and it's going into the S&P 500...why isn't it in my portfolio?" Then you end up buying it at 900 and riding it down to where it is now.
 
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#974
#974
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#975
#975
My HNT mining rig is supposed to finally get here around the 1st. It was trading at $6 when I bought the rig ($350) and now it's trading at $16.75. I'll probably hold 20% of what I mine and use the rest to exchange for other cryptos. Depending on how good I set up my configuration, I feel like I could be making anywhere from $10 to $25 a day.
 
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