Bitcoin

It does if people give it value and that's the illusion of Capitalism.

 

Who would value bitcoin over Apple or Microsoft stocks? The answer is nobody in their right mind, these companies run the world. Also you're just repeating what I said, that's a speculative investment, you're speculating other people will pay more for it than you, greater fool theory.

Capitalism isn't an illusion it's a beautiful thing, I live in a communist, socialist shithole of a country in which a human rights advocate lawyer got stormed by a riot squad as he was walking his daughter to school and in which the corruption of officials make our politicians look like nice guys but if you say * about it you get jailed for years, literally. A country in which a Nobel peace prize winner got jailed for speaking out against the communist regime.

Capitalism gives incentive for smart people to do great things and not everything is an illusion. Some of these stocks are actually for companies generating revenue for the economy and advancing the world, they actually have real world applications. There are so many coins superior to bitcoin including at least 5-10 bitcoin forks; Bitcoin cash, bitcore, bitcoin diamond... etc... Why would bitcoin hold value?

Comparing it to another store of value which is basically what you're saying bitcoin is (I'm making an assumption from your posts) brings up many problems in itself. Gold has uses in technology, gold is not currently replaceable, bitcoin is and has already been replaced. It's currently the number one currency for pairings to buy other virtual currencies but what happens when this is replaced by another currency? There are many new currencies looking to be convertible straight into FIAT, why would I go for the one with massive fees?

There is still money to be made here but not in bitcoin IMO. The reason the market is so easy to make money in and why I've personally made a lot of money is not because I'm an expert, it's because there are many people out there investing in cryptocurrency who are more stupid than me and do zero research. See the bitconnect scandal recently. If you've made profits better protect those profits as soon as you can at least take out your initial investment guys. This is a zero sum game, how many people are there out there who believe they're gonna become millionaires out of this. That alone tells me this is a bubble.

If I'm wrong I'll throw my hands up and admit to it.

Who isn't aware of the lightning network dude, if you are in crypto and aren't aware of this you shouldn't be buying crypto. So we get a faster and cheaper coin but... wait XRB using DAG technology is already instant and FREE(although there are some bugs there granted). Another coin that I got at $2.5 in December which is now what? $20. I can't remember. You're still not convincing me of what bitcoin has to offer.

Can't be a reliable currency it's too volatile and there are superior coins for this [X]
Store of value - Why would I put money in bitcoin when altcoins are seeing much more growth in value[X]

There are many shitcoins yeah, like lending platform or proof of stake coins which have nothing in real world applications but there are at least 10-100 projects which are actually attempting to solve something. These are the coins I can see doing well in the long term, the problem right now is everything's tied to bitcoin prices although that's slowly changing.

 

Said it would only be a matter of time.


Mark Carney calls for regulation of 'failing' cryptocurrencies

http://www.financialreporter.co.uk/...r-regulation-of-failing-cryptocurrencies.html

 

Genuinely one of the most sensible and articulate posts I have read on here

 

It is almost as if encouraging retail investors to 'invest' in a currency that is 10 times more volatile than equity markets isnt a smart thing to do....

 

I'm all for increased regulation. That doesn't take away from the technological benefits or innovation that many cryptocurrencies bring.

 

Now we can have Celebrity currencies .. what was wrong with disney dollars ffs, the dumb will dive in no doubt


https://www.ftadviser.com/investmen...e=emailCampaign&utm_medium=email&utm_content=

 

My IPTV host no longer accepts PayPal, gotta use bitcoin.

Is it as easy as setting up an account and just paying into it?

 

Titcoin is my personal favourite.

Huge upside potential....

 

You can buy it on somewhere like Coinbase but there will be some processing fees involved.

On the subject of ridiculous and frankly useless coins, yes. There are far too many with no use case out there. Or ones that are greatly overvalued on the basis of an idea alone. BitConnect still has a market cap of over $8 million and it was a confirmed scam ages ago. A lot of the technology surrounding the blockchain is exciting but until the shitcoins are filtered out and the genuine projects separate themselves from the rest there will be volatility.

I cashed out most of my money in December when I had the chance. Still have a bit in an advertising token with a really small market cap. They're US based and thus under particular scrutiny from the SEC so they have to be careful regarding marketing activities until their platform is released. Which I guess you could view as being both a good and bad thing. On the one hand you know it's nearly impossible for them to make false claims or perform an exit scam without serious repercussions. But from a speculative point of view it's difficult to generate any hype or list on major exchanges without a working product, especially when every move is being watched. The development team are sound though whenever I have any queries and the platform will be released this quarter anyway. I'm fairly confident it's going to make me some money, but I'm in risk free anyway.