Crypto Currency Thread (Vol.2)
Discussion
Condi said:
I do think they will introduce something, but I suspect it will be far more "in house" than a distributed ledger on a vast network.
Pretty certain they won't be introducing it in the UK. Bank of England use none of this stuff now and it won't be in the next generation payment and settlement systems either. 
Condi said:
They are going to have to pay people - somehow - to run a network which is going to be extremely interesting to hackers and criminal groups, and so will require some significant security protocols.
Which is what they currently do. It's a whole specialised world of its own. Joey Deacon said:
I am sure this must be a complete coincidence, but the massive rises in the value of BTC seemed to coincide with billions of Tether being printed.
on the rise you would expect it, but to continue printing off as the prices falls, well that makes no sense and highlights how they are trying to manipulate the price.62 Billion, 42 billion in a year, still in the eco system, where? 100 billion USD stablecoins, where are they. There are no rules on stable coins they say one thing but the fact is they are just worthless tokens with no monetary value, yet used by people as expected value medium. '
Yet i'm an idiot, they are basically printing money on South American scale, yet have found a loop hole in this process, and no one really cares they are backed by f
k all. If they is a point in time when idiocracy is personified in real life, well this is out emperors new clothes momment, in action.Here's a diagram to display BTC current value. So BTC true value is about half or less what it is now.
jammy-git said:
Did you just make that with Excel?
yes i will do some more, all based on my analysis. Will help people determine the value. In this case stable coins make 76% of BTC value, but as they themselves are over leveraged by about 75%, then the truer value, as you see is about 30-40% of current value, which i see between 10-15k GDP as I predicted earlier this year it is heading to.Tether is still trying to maintain a higher price, 500 million USD printed n a few weeks, would make sense if it was not for the Tether circulation has never actually decreased.
Buprenorphine chic said:
Not a chart you knocked up in Excel after doing your own "analysis". There are many, many more qualified people than you or I to do that analysis.
Go on then. it is all good saying I'm wrong, yet as this last 4 months has shown I've got it pretty right so far. People laughed on this very thread when I said 15k prediction this year.So i am happy to be proved wrong, that BTC value in USD is being inflated by a massive stable coin dump?
Buprenorphine chic said:
You've been saying it's plummeting to nothing for years now, and it is slightly up in value from when you started blethering on about it...
No I haven't, you are just making st up now, and it is lazy weak arguments like yours that do nothing to further any points you have. you can't even be arsed to back up what you say. Make a prediction if you know so much.Anyway just noticed another thing i mentioned on this very thread a few months back, the reliance on BTC mining in China, Russia and Iran, being a massive weakness.
https://www.independent.co.uk/news/world/iran-nucl...
Iran’s nuclear reactor has shut down and Bitcoin mining may be a cause
Any network is only a good as the network processors, 75% concentrated in 3 highly unstable countries, ain't good.
Whilst BTC hits an ATH I've never heard anyone mentioning this might be an issue, as everyone just focuses on the price.
Its funny this thread on the UP all the shilling, experts, suddenly disappear when it loses 50% value in a month.
At least Iran though for the fanboys, might keep the price up, don't worry about ethics though. Part of the illegal 8% value, so at least BTC has some established value, avoiding sanctions.
''Iran is known as one of the world’s top users of cryptocurrencies, reportedly deploying Bitcoin and other emerging electronic currencies to avoid American sanctions.''
Edited by anonymous-user on Monday 21st June 22:50
The Spruce Goose said:
No I haven't, you are just making st up now, and it is lazy weak arguments like yours that do nothing to further any points you have. you can't even be arsed to back up what you say. Make a prediction if you know so much.
That's it, you see - I don't know so much, so I don't try and break some groundbreaking new research in an Excel graph. I'm a homeless heroin addict, I don't do crypto.t up now, and it is lazy weak arguments like yours that do nothing to further any points you have. you can't even be arsed to back up what you say. Make a prediction if you know so much.But Iran, Russia, China being major players - is that news? It might have been news at one point, but everyone has known about it practically forever. Bitcoin miners operate in shipping containers with big cooling batteries - they can move wherever power prices (and the regime) are optimal in weeks. Decentralisation, innit.
Buprenorphine chic said:
Bitcoin miners operate in shipping containers with big cooling batteries - they can move wherever power prices (and the regime) are optimal in weeks. Decentralisation, innit.
In theory, and that was quite a few scam coins, but mining needs fk loads of power, and who control that power, well they decide BTC network rate. Definitely st going down in China, Russia and Iran.POS is the future.
The Spruce Goose said:
Buprenorphine chic said:
Not a chart you knocked up in Excel after doing your own "analysis". There are many, many more qualified people than you or I to do that analysis.
Go on then. it is all good saying I'm wrong, yet as this last 4 months has shown I've got it pretty right so far. People laughed on this very thread when I said 15k prediction this year.So i am happy to be proved wrong, that BTC value in USD is being inflated by a massive stable coin dump?
The Spruce Goose said:
Go on then. it is all good saying I'm wrong, yet as this last 4 months has shown I've got it pretty right so far. People laughed on this very thread when I said 15k prediction this year.
Not really. You were wrong for 3 months and you're still wrong with your price prediction.jammy-git said:
Not really. You were wrong for 3 months and you're still wrong with your price prediction.
I'm wrong yes that makes sense, not.No one in this thread ever expected the price it is now, and falling a few months back, I did. Not 15k yet but getting there. Yet I'm wrong, yes that works doesn't it. FFS this thread is just constant shilling with no real understanding behind BTC value. I pointed out the weaknesses, I called a price and took stick for it, because people like you don't really have a clue, don't look into the whole system just see a price and that's it.
No one else did. I've seen zero other analysis yet I'm the wrong one over and over lol
I'm happy to be out but it is as weak argument as you get, you are wrong that's it...
You're wrong again. Quite a number of us said this was a bubble when newbies joined and asked about putting money in. Just no one knew when it would stop and by how much it would fall back.
I think my own prediction was around the $30k mark.
Just no one else has been banging on about it on every fking page.
I think my own prediction was around the $30k mark.
Just no one else has been banging on about it on every f
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