181–190 of 371 posts
I bought $200 worth of bitcoin years ago that I cashed out at 7k when it was around 19k$. Now I'm thinking I should cash back in incase it rebounds strongly again. I guess I should be happy with my free money and not get greedy.
Buy $200 again and you haven't lost anything :-)
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What’s also different is few individuals/entities in South Korea and elsewhere are responsible for driving the value upstream. Anything that is manipulated does not last long. As somebody wise (Buffet) once said this will have a bad ending.
This is naive of Buffet when his only evidence of a "bad ending" is the existence of a massive rally. The entire near-future automated economy depends on programmable money. There is literally nothing interesting happening in FinTech right now apart from the crypto space.
I think it's a couple of things that Buffett is looking at. First, like gold, Bitcoin is not a business and does not produce earnings. Second, people seem to be buying it for no other reason than that they think it'll keep going up. That's usually a good argument for the asset not being a bargain. Third, Buffett is self admittedly not an expert when it comes to tech.
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Well, the circulation limit/deflationary part is pretty key to that. How many dollars/yen/what-have-you are printed every year leaving your existing dollars/yen/what-have-you with less buying power? Thinking the world will flock to a fixed pool of frictionless digital exchange does not seem insane to me. I'm talking about the ones you can transact for less than a penny (BCH), not the old guard (BTC).
But what makes you think BCH is the one? You might like my soon to be released coin Bitcoin Cash Cash. Fees will be 0!
Fees are less than a penny. System works great, like Bitcoin used to.
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People keep saying that, but the lightning network is in testing at the moment and when it gets widely deployed we should start seeing near zero transaction fees on the bitcoin network. You can say what you want about the philosophy of that - the lightning network will add yet another group of people who collectively have an outsized control over the network. But if the scaling issues get addressed I don't see any re…
Any successful Lightning Network (at scale) would require a dramatic block size increase. The last (Lightning Network tech) I saw suggested it would need a 133MB blocksize. Blockstream struck down a modest increase to 2MB in November. They have devs who want to reduce the blocksize. I'm not sure where you're finding hope in LN. Bitcoin Cash forked off to get back to scaling, and it's doing great. Check out how well t…
I bought $200 worth of bitcoin years ago that I cashed out at 7k when it was around 19k$. Now I'm thinking I should cash back in incase it rebounds strongly again. I guess I should be happy with my free money and not get greedy.
Buy $200 again and you haven't lost anything :-)
Looks like a typical January in crypto.
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What do you mean "no reason"? Supply and demand are the reasons the prices are shaped the way they are. It's a near perfect market.
What is the P/E ratio of Bitcoin? There is none. So there is no rational basis for any price. $1 is as valid as $1 million. There is no traditional way to analyze this investment and figure out its real worth. To the limited extent that Bitcoin helps Chinese citizens out-maneuver the capital controls that the Chinese government has tried to enforce, then it could be analyzed as a shadow of the Chinese currency, but s…
There are many stocks that belong to companies that have no mechanisms in place nor could they be reasonably expected to introduce mechanisms to directly return profits to shareholders. These stocks have the same form of "intrinsic value" as gold or Bitcoin: whatever the hell the next person is willing to pay for it.
Pretending that an underlying asset that doesn't throw off any yield or return of capital is somehow more rationally valuable than another doesn't make sense.
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This is naive of Buffet when his only evidence of a "bad ending" is the existence of a massive rally. The entire near-future automated economy depends on programmable money. There is literally nothing interesting happening in FinTech right now apart from the crypto space.
“entire near-future automated economy depends on programmable money” It also depends on banks and states signing up to that vision. We have seen zero adoption on that front. On top of that, it still does not explain the hundreds of alt coins.