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We will continue to see market cap increase long term for crypto currencies overall. As long as you pair your trades with BTC, are patient, and buy when coins are relatively low in price, you can expect increase in value. The goal is to add to your BTC holdings, along with Ethereum, and other possible coins that are a good long term store of value.
I don't trade using tether and don't concern myself with short term price movements. There are all kinds of FUD in crypto, kind of like the med school application process [emoji4]
i believe this is the very beginning of this gravy train. i'm tempted to go all out into bitcoin but i don't want to invest more than i'm willing to lose at this moment. the writing is on the wall (in a good way), it's looking at you right in the face, bitcoin has withstand several dips and crashes since it's creation. people speculate that the death of bitcoin is near and that it will abruptly tank, but honestly i doubt that
Warren Buffet admitted to not knowing anything about crypto currencies. Not sure what your purpose is posting here.
remember when data analysts "calculated" that trump wasn't going to win the presidency? and then he did? seems like bitcoin is going to follow the exact same path and continue to raise in price, i'm gonna jump on the gravy train while i can
You have to listen or read the entire interview, otherwise you will make the mistake of taking it out of context. Just like our news media [emoji6]
Thank you for proving my point. I will end this nonsensical side conversion now. I have the greatest respect for Warren Buffett, and even quoted him on this thread. But, he is not experienced with crypto currency and the technology behind it.
Not sure if this is a serious question or more trolling, but yes. I am up about 400% since mid November. I have bought and sold 20 different coins. But, nothing special about that, many people have done better. I am on target to have about 50-75 bitcoin by end of this year. Just depends on whether bitcoin is $50000 or $100000, or whatever it grows to be. My intial investment was $22000. This includes 3 ICO coins which are just getting on the exchanges. 1 million is the goal, but definitely can be more.
My goal is financial freedom, not retirement. I enjoy being part of this financial revolution. It is fun. This is just one more way to help people. These new technologies will allow billions of people with no bank accounts to finally take part in the global economy.
Having decentralized currencies will allow anyone with a cell phone, or similar device, to use an app to be their own bank. There are billions of people who don't have access to the global economy like we do. They live in countries where the financial system cannot be trusted. With something like Bitcoin, trust is not needed and you don't need a third party to approve your transaction.
Raiblocks has 0 transaction fees. Stellar's transaction fees are $0.0000015 and is built to scale.
Hundreds of millions of Wall Street and Silicon Valley dollars are waiting to pounce. Right now we've reached the early majority portion of the adoption curve, when institutional dollars are beginning to flow steadily in. Even the big governments want to play - Swiss government and academia sponsored Ambrosus, Chinese government basically married itself to VeChain, South Korean government officials accused of crypto insider trading. In the next two years, we will see the late majority and the laggards come.
Short term we're in rocky territory - investors are spooked right now due to the correction which just took place. General recommendation right now is wait until the end of this week with CME futures or until the beginning of February when the markets are more decisive. There are a ton of TA reports suggesting an 8k BTC depression.
You mean the USD? 😉
It means that there is support from the top of the pyramid. It's signaling value and reflective of the network effects of cryptocurrencies. Concern abounds regarding whether or not cryptocurrencies will be banned - that in my view is unlikely.
Hm? Where did I say that?
Oops wrong person said that
I assume you mean in a retail transaction right? Functionally speaking there's no practical difference here because the banks are dependable and there are little to no fees associated. In this case, technically speaking, what cryptocurrencies do is disintermediate the middleman - in this case the banks - because the actors that confirm the transaction are decentralized across the network. YOU own your money, not the banks that you have lent your money to. That's the draw for some people.
Definitely a worry. The smartest people would store their crypto on a Nano S Ledger, destroy it, but memorize their 24 seed words by heart. There, no risk. Keep a secondary wallet with minimal $.
Yes - so you understand why I'm not a Bitcoin purist 🙂 The banks will get involved, that's a definite. Now, this will reshape their business practices and no one quite knows what the future holds for the banking industry, but you can be sure they will get their hands dirty...
I think it's a money grab for most people, to be honest. That's why we're in a speculative bubble.
