jobless wrote: » i think we are a ways away from using anything as a payments system to be fair... although lightning network seems to be making great strides... My one worry about ethereum price is that a lot of it is based on ico mania... when fatigue sets in there what happens....could be a long time though
seannash wrote: » Ethereum and Bitcoin are two different products though. Ethereum isn't trying to be a store of value I just think we are a bit aways from using bitcoin as a payment method in everyday use. Biggest growth will be in platforms this year (I think) I said on another thread, I'd love to see bitcoin rise in value massively this year as its good for everyone if it does.
jobless wrote: » Neo and ethereum or any others can't take bitcoins main use case.... as a store of value... bitcoins been around the block, decentralised and never been hacked... ethereum cant say that... Personally i think bitcoin in two or three years will be 30k plus maybe more.... it will little by little eat into other asset classes market share.
seannash wrote: » I think adoption of block chain tech is going to be the driving force in 2018. The likes of neo and ethereum along with many others are very well positioned to take advantage of this. What can bitcoin do in this environment. Its a one trick pony, albeit a great trick. The more companys and coins that come online the less market share bitcoin will have. Coins as a payment method are a good way off being accepted in the mainstream, unlike block chain platforms. Its certainly not the end of bitcoin but i think it might be a slow year for it. Just my opinion and completely aware im in the minority with it
South Korea's finance minister said the government has no plans to shut down cryptocurrency trading, welcome news for investors worried that authorities might go as far as China's tough action in blocking virtual coin platforms. The comment by Kim Dong-yeon on Wednesday comes as traders at home and around the world have been spooked by conflicting comments from government officials in South Korea, a major hub for cryptocurrency trade, that Seoul was planning to ban local digital coin exchanges. "There is no intention to ban or suppress cryptocurrency (market)," Kim said, adding the government's immediate task is to regulate exchanges.
Shauny2010 wrote: » Bitcoin still has a lot of weight on the market, coinmarketcap valuations are skewing the dominace of bitcoin. There are loads of coins out there with next to zero track record and trading with market caps of several billion. Some of these valuations are ridiculous, they have billions of coins/tokens issued so if they sell 1 token for a dollar it gives them a multi billion market cap. As for Bitcoin, Don`t write it off, its still the most tested coin, has the best and most resilient network, unlike the other top coins If anything the market is going to follow bitcoin either up or down. And when the market turns bullish again it will be after bitcoin drags itself back up first.
seannash wrote: » I understand that this is heresy but I think the market might leave bitcoin behind this year.
rob316 wrote: » One of the directors in our job, bought 50 BTC in Sept 17 roughly $5000 each, he's holding in a long term position on those, he also bought another 50 in December at about $17k each and he's ****ting himself. He's still convinced BTC will be worth north of 30k next December.
makeorbrake wrote: » I don't think crypto should go beyond 10% of our overall wealth....don't put yourself in that position - it's not a healthy place to be! That's what I would say to the rest of you that are still in. Best of luck to you.
Tinder Surprise wrote: » say a litttle prayer for us left here but
makeorbrake wrote: » I've made a 4000%+ gain so I'm not complaining. .
GreeBo wrote: » Yeah but people bought the Tether with FIAT so its not really fake money. Just because Tether wasnt/isnt backed as they said it was.
pro_gnostic_8 wrote: » Good god, dude, ............ if it does happen that Tether is not backed up by U.S. dollar then it follows that over $2Billion worth of Bitcoin was bought with fake, monopoly money!
makeorbrake wrote: » I don't pretend to understand this - but elsewhere - someone was making the point that there is only a small proportion of bitcoin that's actively traded. It's only a fraction of the total market cap. Of this, 2 billion would be a significant proportion. Anyway, I've gotten out completely as of a couple of hours ago. I'd been trying to do so for a a couple of weeks (I'll spare you the long story) which has cost me (but then overall, I've made a 4000%+ gain so I'm not complaining. There was too much at stake and too many variables for my liking - nerves were shot. I'm going to sit it out for a while ...who knows, maybe I'll dip my foot in the water again (although this time with a sane % of my overall savings).
Blacktie. wrote: » Lol yeah like 0.5% worth removed. Really end of days stuff if that happens.
Tinder Surprise wrote: » If $2billion is removed from the Bitcoin market overnight then good luck.
Tinder Surprise wrote: » They've had to edit that article and highlight this happened on Dec 6th so not exactly today's news. Won't stop the FUD but imo
EagererBeaver wrote: » Course you did...
pro_gnostic_8 wrote: » Bloomberg reporting in the last hour that the U.S. Commodity Futures Trading Commission have issued sub-poena's against both Tether and Bitfinex. Ominous. Such a move would cause reputational damage at least.https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
Fakent.ie wrote: » I mean now it was released to public
Thargor wrote: » It has a market cap of about 2 billion, one percent of bitcoins, how could that in any way be seen to be propping up any coin nevermind the king? There have been rumors and debate about Tether since it was created, if it goes poof people will say told you so and move on with their lives, there's plenty of more sh1tcoin scams coming down the tracks, thats practically guaranteed, Tether might not even be one.
makeorbrake wrote: » Ok, delighted to hear that but how do you have confidence in that position? Is Tether itself in difficulty and if so, what fallout could this have for BTC/Crypto?
