Dogecoin

[Butler1000]

So? What is your point? The 3rd word countries that benefit from crypto are not the "poor" countries, but countries that do not have trustworthy government (so people believe it will not depreciate its country too much and will not confiscate their bank deposits), stable bank system with insured deposits (and the insurance must be real so that there will be no defaults of insurance company or the government), and, finally, people should be able to legally have U.S. dollar bank deposits with 100% insurance too. Do you think people in that countries would prefer bitcoins to that financial system? And what is the reason they do not have it? Why U.S. banks do not operate there? Because of their corrupt governments, their laws that do not guarantee private property, and their corrupt courts that do what the government says them to do. And you think ability to influence their corrupt banking system is bad??? Boy, you never lived in the third word country and do not understand that the government's and the people's interests their are way different.

Considering 2008 there is a lot less trust, especially in the USA in banks. One more like it soon and suddenly Crypto will only become more popular. Their own greed in spending more time pursuing profit at greater risk and demanding bailouts when they fuck up instead of keeping money safe will continue to erode confidence in them.

We are in conditions that could lead to another Great Depression. Closer than people realize.

 

[fall]

Except coins like Vechain do pay dividends via staking. Because they are in fact "cogs" that make the system run faster. And its a crapload of coins that do that.

Will central banks be replaced? Doubtful. But because Cryoto is a store of wealrh that doesn't need a bank to keep it safe the private banks become redundant. Quite simply there will be no reason individuals shouldn't be able to borrow directly from a nation's central bank. At a lower cost than paying a middle man.
Thats why they are scared. In a secure system where individuals can safely hold assests, trade them, use them, invest them without a bank charging them juice they lose the monopoly of need.

Sorry, I am not sure what "tacking" is. However, if it is something that is used in producing consumable goods and services (or an imput for such production), then it is a valid production technology that generate dividends. However, if it is just paymentfro producing nothing else then more of digital coins, it is not a dividend.

I am not sure how you see borrowing from central bank? Who is going to assess the risk of your default? Government? So, instead of decentralised banking system you suggest to have a single government-run bank that will asses risk (on some parameters) and offer loan at risk-appropriate interest rates or refuse loans if you are not credit-worthy. The government will also collect money from you, will take away your collateral (house and car) if you cannot pay, etc. Or do you think everyone (regardless of risk) should be able to borrow at the same interest rate? Unlike prices of many goods and services that can be set the same for everyone (so, you can buy directly from the producer), price of the loan (i.e,., interest rate) depends not on the supplier but on the customer.

 

[fall]

Considering 2008 there is a lot less trust, especially in the USA in banks. One more like it soon and suddenly Crypto will only become more popular. Their own greed in spending more time pursuing profit at greater risk and demanding bailouts when they fuck up instead of keeping money safe will continue to erode confidence in them.

We are in conditions that could lead to another Great Depression. Closer than people realize.

If banks got bailed out, it makes them less risky and even more secured. Most deposits are insured by the government and they are risk-free because the government has access to money supply. The only risk that can make crypto (or gold) become more important instrument of wealth storage if the country went in hyperinflation (and I am not talking of at least 20% a year inflation) mode. Do you really believe central banks will allow this? We have inflation going up now because the government made a correct decision to support the economy through lower interest rates a the price of higher inflation. But a few percentage point increase in the interest rates will take care of it when it will be needed. Please, read any macroeconomics textbook and you'll see that crypro is the way to great depression. Please, try to understand: 2-3% inflation is good, 1% or 4-5% is OK, 0% or 5-10% is bad, a 1-2% deflation is as bad as 20% inflation, and any larger deflation (which crypto-adoption will bring) is as bad as hyperinflation.

 

[Butler1000]

Sorry, I am not sure what "tacking" is. However, if it is something that is used in producing consumable goods and services (or an imput for such production), then it is a valid production technology that generate dividends. However, if it is just paymentfro producing nothing else then more of digital coins, it is not a dividend.

I am not sure how you see borrowing from central bank? Who is going to assess the risk of your default? Government? So, instead of decentralised banking system you suggest to have a single government-run bank that will asses risk (on some parameters) and offer loan at risk-appropriate interest rates or refuse loans if you are not credit-worthy. The government will also collect money from you, will take away your collateral (house and car) if you cannot pay, etc. Or do you think everyone (regardless of risk) should be able to borrow at the same interest rate? Unlike prices of many goods and services that can be set the same for everyone (so, you can buy directly from the producer), price of the loan (i.e,., interest rate) depends not on the supplier but on the customer.

If you don't know what staking is then you have no clue what crypto is. And until you educate yourself to its basics there isn't any point continuing this.

 

[fall]

If you don't know what staking is then you have no clue what crypto is. And until you educate yourself to its basics there isn't any point continuing this.

Or, of course, I expected this answer . How old are you, anyway, to get cough on that simple trick?

The point is: it does not matter what staking is. If it is a technology that is used to make something that people will eventually consume and enjoy - it is a production process and has value (so, people who hold the resources that needed to do it and people who actually do it should and will get paid). But if it is just something used in the process of producing nothing but more coin production - it is useless (from the economics perspective). You see, I can agree with you under the assumption that you are telling the truth about some things that I do not know about (and I do not need to know about them I can simply accept that they do what you say they do). But when it comes to crypto as money or as a storage device (not as a blockchain process as a technology) - you are on my turf there and I can assure you that what you are saying is so stupid that it is not funny anymore.

So, as I say before - go back to school and read an actual college textbook.

 

[Butler1000]

Or, of course, I expected this answer . How old are you, anyway, to get cough on that simple trick?

The point is: it does not matter what staking is. If it is a technology that is used to make something that people will eventually consume and enjoy - it is a production process and has value (so, people who hold the resources that needed to do it and people who actually do it should and will get paid). But if it is just something used in the process of producing nothing but more coin production - it is useless (from the economics perspective). You see, I can agree with you under the assumption that you are telling the truth about some things that I do not know about (and I do not need to know about them I can simply accept that they do what you say they do). But when it comes to crypto as money or as a storage device (not as a blockchain process as a technology) - you are on my turf there and I can assure you that what you are saying is so stupid that it is not funny anymore.

So, as I say before - go back to school and read an actual college textbook.

In other words.....I don't know. And yes staking does matter.

 

[fall]

OK, I give up. It is impossible to argue with someone who does not even understand what the argument is about.

 

[Phil C. McNasty]

This is what I was worried about. I find crypto very difficult to predict

Bitcoin plunges 30% to $30,000 at one point in wild session, recovers somewhat to $38,000

Negative news over the past week has dampened sentiment for bitcoin.

www.cnbc.com

Dogecoin

Features DOGE USD price, real-time (live) charts, dogecoin news and videos. Learn about the dogecoin price, crypto trading and more.

www.coindesk.com

If you slept in today you lost 32% on Doge.
Of course it can go up 30% by tomorrow just as quickly

 

[Butler1000]

This is what I was worried about. I find crypto very difficult to predict

Bitcoin plunges 30% to $30,000 at one point in wild session, recovers somewhat to $38,000

Negative news over the past week has dampened sentiment for bitcoin.

www.cnbc.com

Dogecoin

Features DOGE USD price, real-time (live) charts, dogecoin news and videos. Learn about the dogecoin price, crypto trading and more.

www.coindesk.com

If you slept in today you lost 32% on Doge.
Of course it can go up 30% by tomorrow just as quickly

The entire market did. At one point 40+% already rebounding. I sold nothing, lost nothing. Put in some stupid low orders with a bit of extra cash in case it dips again.

This one will take a bit to settle.

 

[sprite09]

OK, I give up. It is impossible to argue with someone who does not even understand what the argument is about.

lol, i said that, in the end, nothing will change. and, ultimately, it's his money; if he exits and makes a ton of $, all power to him.

that said, there are some smart people like mark cuban and elon musk who believe in some tokens; not trying to be argumentative, but curious as to your thoughts on it. do you believe they have no idea what they're talking about?

 

[fall]

lol, i said that, in the end, nothing will change. and, ultimately, it's his money; if he exits and makes a ton of $, all power to him.

that said, there are some smart people like mark cuban and elon musk who believe in some tokens; not trying to be argumentative, but curious as to your thoughts on it. do you believe they have no idea what they're talking about?

I have three theories about it:

1) They are true enthusiasts and their opinion is biased based on such enthusiasms
2) Many of their followers are coin enthusiasts or just like something new excitement, so, they play this game to appear "cool" and to keep all their followers (which is good for the mainstream business)
3) They simply take advantage of their influence and try to capitalise on it by influencing coin prices

I personally think that both #1 and #2 are true to some degree.

P.S>: I do not worry about Butler's money, the problem is that there are many naive people who may believe in his logic. All people should be able to do with their money what they want - the bad thing is to push others to make bad decisions.

 

[sprite09]

The entire market did. At one point 40+% already rebounding. I sold nothing, lost nothing. Put in some stupid low orders with a bit of extra cash in case it dips again.

This one will take a bit to settle.

yes, you only lost if you sold--it was obvious for those in the crypto space was a dip caused by the whales to flush out the newbies.

I have three theories about it:

1) They are true enthusiasts and their opinion is biased based on such enthusiasms
2) Many of their followers are coin enthusiasts or just like something new excitement, so, they play this game to appear "cool" and to keep all their followers (which is good for the mainstream business)
3) They simply take advantage of their influence and try to capitalise on it by influencing coin prices

I personally think that both #1 and #2 are true to some degree.

P.S>: I do not worry about Butler's money, the problem is that there are many naive people who may believe in his logic. All people should be able to do with their money what they want - the bad thing is to push others to make bad decisions.

fair, although I think he'll agree that getting into crypto is with money you can only afford to lose. I believe most seasoned crypto traders and investors believe the same.

 

[Butler1000]

yes, you only lost if you sold--it was obvious for those in the crypto space was a dip caused by the whales to flush out the newbies.

fair, although I think he'll agree that getting into crypto is with money you can only afford to lose. I believe most seasoned crypto traders and investors believe the same.

Exactly the same as any investment. Including the stock market. I don't see the press warning people who haven't done their due diligence to not invest there. And no one blames the Market if they lose, they blame the trader.

 

[Phil C. McNasty]

Bitcoin is trading nearly 40% below its record price of $64,000.
Ethereum is down more than 35% from its all-time high.
Dogecoin is off more than 45%.

Still though, they could creep up just as fast as they came down

 

[Butler1000]

Bitcoin is trading nearly 40% below its record price of $64,000.
Ethereum is down more than 35% from its all-time high.
Dogecoin is off more than 45%.

Still though, they could creep up just as fast as they came down

Now compare them to last year, the year before........

 

[Phil C. McNasty]

Now compare them to last year, the year before........

The US government is thinking of coming out with a new digital dollar which would be controlled by the central bank. That would be a lot more stable and easier to cash out with then crypto

Cryptocurrencies crashed this week. Digital coins are still the future

It hasn't been a great week for digital currencies.

www.cnn.com

 

[Butler1000]

The US government is thinking of coming out with a new digital dollar which would be controlled by the central bank. That would be a lot more stable and easier to cash out with then crypto

Cryptocurrencies crashed this week. Digital coins are still the future

It hasn't been a great week for digital currencies.

www.cnn.com

Several are. They will run along side.

 

[Phil C. McNasty]

 

[|2 /-\ | /|/]

lmao

It’s all dipping and being shorted.

Textbook Wyckoff Distribution

 

[Butler1000]

Not yet........i have a price point.