Larbre34 wrote: » Get out of it lads, I'm told by a broker friend (traditional broker) that an undercurrent on messaging at Davos was that crypto is to be targeted and torpedoed. Those in political power are concerned that attractiveness+volatility is not a formula they wish to tolerate in an already uncertain era. They don't want bigger commercial entities becoming involved and exposed, so they want to kill it.
pro_gnostic_8 wrote: » Give you a break? Nobody, nor me, is going medieval on your ass. Don't shoot the messenger; take from the news whatever you may. The Indian bitcoin market is diving downwards as we speak. I will add in response to your second sentence quoted above that the market as a whole is smarter than you or me or any other individual on here.
WhiteMemento9 wrote: » These statements from governments just smack of a complete lack of understanding of the whole industry.
lawred2 wrote: » Lol Give me a break. If that has truly affected the market then god help us as there must be a lot of ignorant people with vested money.
lawred2 wrote: » And how does anyone prevent the use of Bitcoin for transactions?
pro_gnostic_8 wrote: » The Indian annual budget was released in parliament this morning; in it was announced that Bitcoin will not be recognised as legal tender in the country. As it is,India accounts for 10% of global Bitcoin trade volume; the announcement will conceivably affect that market. Unfortunately, it seems negative news is coming in waves this past month.
This is the original statement “The government does not consider cryptocurrencies as legal tender or coin and will take all measures to eliminate the use of these crypto assets in financing illegitimate activities or a part of the payment system.” This basically means that you won't be able to buy any goods or services exchanging cryptos as it's not a 'legal tender' meanwhile you can keep trading them on exchanges.
pro_gnostic_8 wrote: » Yelnahs wrote: » BTC down to $9,550 as of right now. Think I'll have a crypto free rest of the week The Indian annual budget was released in parliament this morning; in it was announced that Bitcoin will not be recognised as legal tender in the country. As it is,India accounts for 10% of global Bitcoin trade volume; the announcement will conceivably affect that market. Unfortunately, it seems negative news is coming in waves this past month.
Yelnahs wrote: » BTC down to $9,550 as of right now. Think I'll have a crypto free rest of the week
seannash wrote: » Ethereum is putting up a good fight but yep, it seems everything is still affected by bitcoin dropping
Tinder Surprise wrote: » All early indicators are we're on the big slide again today. Will it be compounded or improved upon after lunch when the U.S are online?
Nermal wrote: » You have an exceedingly low standard of 'proven'. IOTA isn't even properly decentralised.
seannash wrote: » No doubt about it bitcoin has the hard yards put in but a lot of coins and platforms have been proven (Modem,Iota etc etc)
asteroids over berlin wrote: » I will answer that with a question What has been proven? What are these other payment methods (in crypto) that are faster (cheaper transaction than Bitcoin at the moment though). Projects should be providing data of simultaneous transactions - such as the kitties - that unproved something. Btw i am a Big fan of Eth
studdlymurphy wrote: » How much do you make mining roughly? Is it lucrative?
asteroids over berlin wrote: » mining eth!!! unless you have a very decent rig, you will be a while to return anything significant. Better off mining smaller coins. Correct me if i am wrong
seannash wrote: » I love discussing this so ill ask some questions. How will it overcome the fact its not scalable to the degree other payment methods nor is it as quick. Lightning is unproven for now but even if they can implement it successfully other coins are better. It has first mover advantage for sure but as crypto becomes more mainstream that wont matter as much. Just to say it wont be toppled but it probably be somewhat stagnant in 2018. Ethereum is close to being the largest market cap fairly soon though
asteroids over berlin wrote: » Disagree, all Bitcoins hurdles can be overcome, it is the daddy and will be hard to topple. however there is plenty of room for plenty of other projects to have a fair share and turn into credible business/corporations. I myself expected things to bounce again by now, in fact i got caught up in the hysteria of December and saw it going into the new year. With all the fud, regulations etc, it's taking a hit, as well as a correction, in the long run, regulations are needed for mass adoption, we are all early investors. Already i have moved my investments in "long shot" projects into Bitcoin, i just can't bring myself to move my main investments into Bitcoin as they are such good projects that i am confident will prevail and be huge. I suggest those worried - take a break and not look at the markets for 2 - 4 weeks, i myself took a week off, thinking of doing so again until mid February (a few things coming up then that i want to get involved in) it will do you good. hodl and smile guys! Much luck and love to you all. Believe! oh, ICO's are getting a bit out of hand, be very careful with them, i initially started looking but have stopped, waiting for decent projects to actually come to the market later. All of the above, is of course, my opinion, not financial advice
seannash wrote: » In my opinion (And I know I'll get lambasted for this) bitcoin isn't as safe a bet as it once was. No question Blockchain will be huge in the near future so you should put it into coins that allow platforms to be built on it or integrate into it. Bitcoin has first mover advantage which is becoming less and less important the more common this technology becomes. Bitcoins use is a gateway into Crypto but that share is dwindling. Just my opinion, Doesn't mean I'm right about any of the above
Dr Bolouswki wrote: Only coin I am in is ETH. Hasn't been effected. Mining the fúck outta that shÃt too.
IamMetaldave wrote: » LOL Same. I have only dabbled and made 2 small investments and through some nicely timed day trades and that I have tripled my investment as it stands, even in these red times.. however.. Neo has been my winner, I got it at 27 euro a piece.. otherwise I'd be in the red too.
Tinder Surprise wrote: » the constant checking of blockfolio is a pain in the arse but:o!!!
seannash wrote: » so you should put it into coins that allow platforms to be built on it or integrate into it.
