81–90 of 107 posts
Looks like it's Ethereum and Ripple which are falling, no? Bitcoin is pretty stable, Litecoin has been climbing, didn't check the others.
Bitcoin is down over 20% from its high a month ago. Not exactly steady, but weathering a bit better.
Any speculations on why this is happening, and whether/how much they will grow in the near future ?
Gold, which is possibly the oldest store of value used by civilization, is just as volatile. The inflation-adjusted price per Troy ounce of gold went from a high of around $2400 in the the late 1400's, to a low of $200 in 1919; then, it rose in fits and starts until it peaked at nearly $1600 in 1980; it then declined, again in fits and starts, until it bottomed just below $400 in 2002; then it rose to nearly $2000 in…
Except that during crisis Gold is guarantee to fall back at worst to it's "practical" value as a metal being used for jewelry. Even tulips bulbs have a practical value as every gardener could tell you. However the practical value of a crypto currency is zero. And no technical small talk was able to contest this truth so far. EDIT: Downvote what you can't contest, how mature!
I don't get why crypto keeps being compared to a metal.
Any speculations on why this is happening, and whether/how much they will grow in the near future ?
1st of aug there is a fork (maybe) which makes people very nervous. Most people I know sold off because of that (and not understanding what stuff means as in ; all crypto is the same and this sounds dangerous!). And correction which was needed anyway. I'll be buying.
Earlier quoted context omitted.
Except that during crisis Gold is guarantee to fall back at worst to it's "practical" value as a metal being used for jewelry. Even tulips bulbs have a practical value as every gardener could tell you. However the practical value of a crypto currency is zero. And no technical small talk was able to contest this truth so far. EDIT: Downvote what you can't contest, how mature!
Gold has industrial usage as well - electronics, computers, even in space tech Gold it's used for it's unique properties. I don't get why crypto keeps being compared to a metal.
Nobody will pay anything for your Bitcoin wallet if Bitcoin fundamentally fails, just as nobody will pay for your World of Warcraft gold when the pull the plug on the last WoW server a decade or two from now. It's just a bunch of useless numbers.
If you're "investing" in crypto, that is speculating, then fine. If you're thinking it's a safe and secure way to store money you're mistaken.
Gold, which is possibly the oldest store of value used by civilization, is just as volatile. The inflation-adjusted price per Troy ounce of gold went from a high of around $2400 in the the late 1400's, to a low of $200 in 1919; then, it rose in fits and starts until it peaked at nearly $1600 in 1980; it then declined, again in fits and starts, until it bottomed just below $400 in 2002; then it rose to nearly $2000 in…
Except that during crisis Gold is guarantee to fall back at worst to it's "practical" value as a metal being used for jewelry. Even tulips bulbs have a practical value as every gardener could tell you. However the practical value of a crypto currency is zero. And no technical small talk was able to contest this truth so far. EDIT: Downvote what you can't contest, how mature!
Interesting to see the paradigm of "bitcoin is doing well, everything else must be less useful" is making a comeback? I the reason progressively larger corrections have been happening is due to more people who know nothing about crypto entering the space, therefore introducing more volatility and reflexive baseless reasoning. If you question this, join one of the "crpyto currency" groups on FaceBook and read through…
People fear they are missing out on something - a quick scheme to make money...
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I can see that almost 50% of blocks are generated with SegWit support. In a few weeks it'll be more than 50%, unless trend drastically changes. Does it mean, that SegWit won and Bitcoin is safe?
SegWit needs 95% to be activated, it's not even close.
Gold, which is possibly the oldest store of value used by civilization, is just as volatile. The inflation-adjusted price per Troy ounce of gold went from a high of around $2400 in the the late 1400's, to a low of $200 in 1919; then, it rose in fits and starts until it peaked at nearly $1600 in 1980; it then declined, again in fits and starts, until it bottomed just below $400 in 2002; then it rose to nearly $2000 in…
There's even a site for tracking it; can't link the specific graph, but you can go here and just turn on 30-day BTC/USD and 30-day gold/USD for the past year.
Earlier quoted context omitted.
Exactly. People pay real money and get nothing in exchange. Plus, its amazing how people don't get how the system works.
I'd be genuinely interested to find out what you feel is real about the money compared to the nothing you got in exchange? Also how does the system work from your point of view?