Crypto Currency Thread
Discussion
Not even a word about BItcoin breaking through the $10k mark.
Iota looks interesting and there was some news about it today, I was kind of kicking myself for not deploying the strategy of 'if it's price is very low then buy'.
Cardano seems to be up 160% today, never even heard of it. The market cap of it is now greater than Ethereum Classic or Monero.
I'm glad to see that Ripple finally had a nice day, hopefully there are more and in this crazy market $1 may be possible before the end of year.
The whole market crypto market seems to be on steroids and I don't see how it can carry on at this rate.
Iota looks interesting and there was some news about it today, I was kind of kicking myself for not deploying the strategy of 'if it's price is very low then buy'.
Cardano seems to be up 160% today, never even heard of it. The market cap of it is now greater than Ethereum Classic or Monero.
I'm glad to see that Ripple finally had a nice day, hopefully there are more and in this crazy market $1 may be possible before the end of year.
The whole market crypto market seems to be on steroids and I don't see how it can carry on at this rate.
g4ry13 said:
Not even a word about BItcoin breaking through the $10k mark.
Well, it hasn't done it on any of the exchanges that everyone watches in the West at least. All the steroids need to keep going for a decent while is more people. That's something people who've been in crypto forever have trouble wrapping their heads around. There's a whole world that still hasn't really discovered it but those down the rabbit hole don't really realise it.
Anyway, it would be healthier if it calmed down but humans might be humans and push it to ridiculous heights.
Croutons said:
Coinbase apparently had 300K new users added at the weekend, FOMO or what?!
At $10K I'd reckon there will be an influential Senator on a Finance Committee who starts making noises the on screen millionaires won't like.
It's possible they'll have onboarded more people between late this year and early next year than they have in the entirety of their existence. At $10K I'd reckon there will be an influential Senator on a Finance Committee who starts making noises the on screen millionaires won't like.
This is how tech adoption works but this is the first time you can put a price on it. If you could monetise how the internet or mobiles were adopted it would be beyond the comprehension of regular folks.
It is a bit tenuous grouping it in with tech in general but it's a closer comparison than comparing it to regular finance.
It's pretty certain to be FOMO and bubbly, but who knows how far it can be pushed?
And yes, there are likely to be some red faces and scary noises coming out of the old guard.
Edited by bloomen on Wednesday 29th November 00:45
People need to realise that the crytomarket is still very young, any one that is still joining now is an early adopter. You could ask 10 people on the street what bitcoin is and probably 9/10 wouldn't have a clue, imo things are just getting started.
Should also see further activity once CME begins early next month.
Should also see further activity once CME begins early next month.
I don't believe this is acceptance. None of those new 300K buyers are intending to use it in Lidl. They're seeing headlines in the mainstream media and want to make some free money. Don't get me wrong, businesses will be taking note, but Musk was asked yesterday he'd take BTC for his cars. No reply.
And while everyone was watching BTC hit 10K, look at the insanity across the board from most likely nothing but new money flooding in...
1200+ currencies cannot all be winners.
And while everyone was watching BTC hit 10K, look at the insanity across the board from most likely nothing but new money flooding in...
1200+ currencies cannot all be winners.
Anyone recommend a good site to buy some of these?
I started registering with coinbase and got to the charges section and it became evident that any bitcoin I might buy would have to reach about $1million to pay coinbases fees hence I decided against it.
Any sites with reasonable fees?
I started registering with coinbase and got to the charges section and it became evident that any bitcoin I might buy would have to reach about $1million to pay coinbases fees hence I decided against it.
Any sites with reasonable fees?
Croutons said:
I don't believe this is acceptance. None of those new 300K buyers are intending to use it in Lidl. They're seeing headlines in the mainstream media and want to make some free money. Don't get me wrong, businesses will be taking note, but Musk was asked yesterday he'd take BTC for his cars. No reply.
And while everyone was watching BTC hit 10K, look at the insanity across the board from most likely nothing but new money flooding in...
1200+ currencies cannot all be winners.
Store of value is acceptance. There is only one crypto able to secure value long term. As for transactions, it will take a while before secure and easy to use layers are in place. There's no rush.And while everyone was watching BTC hit 10K, look at the insanity across the board from most likely nothing but new money flooding in...
1200+ currencies cannot all be winners.
Love this
"Pole dancing instructor Dee Heath is riding the surge with her fitness business in western Sydney.She has spent $5,800 on Bitcoin since July and has more than tripled her investment.
"Look, I love pole dancing but lately my passion has definitely been Bitcoin," she told SBS News."
https://www.sbs.com.au/news/article/2017/11/21/ris...
"Pole dancing instructor Dee Heath is riding the surge with her fitness business in western Sydney.She has spent $5,800 on Bitcoin since July and has more than tripled her investment.
"Look, I love pole dancing but lately my passion has definitely been Bitcoin," she told SBS News."
https://www.sbs.com.au/news/article/2017/11/21/ris...
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