lifeandtimes wrote: » Morgan by name, Moran by nature?
JohnnyFlash wrote: » That makes no sense, pal.
Manic Moran wrote: » You know, about now would be appreciated for a long, steady rise....
crushproof wrote: » My hopes of this get slimmer everyday. Seriously considering selling it all during the next pump. Far too much uncertainty and the "buzz" of crypto seems to be fading so little chance of meteoric rises in the near future.
lifeandtimes wrote: » Still plenty of buzz, it's just the people who jumped on the bandwagon at xmas have up and left and now the people who actually believe in crypto have stuck around. Crypto isn't going anywhere and is going to be the currency of the future. The statement hodl is there for a reason
seannash wrote: » I think most believe its here to stay, what most people are curious about and uncertain about is if the opportunity to make good money is there anymore. Ive often wondered If cryptocurrency is adopted as a form of fiat worldwide the growth will fall in line with the "growth" of the euro vs another currency.
grindle wrote: » The growth would taper off for the base currency (if there is one) but that's very very far away, if at all. UX would have to improve dramatically and people would have to remember how important privacy and ownership are. If any service can benefit from a blockchain, be tokenised and gain real use, there's an opportunity for growth. Tech companies aren't going to stop being built, innovation isn't going to grind to a halt.
seannash wrote: » Absolutely, then the question gets raised what does your coin give you. Is it the equivalent of a share in these tech companies?
seannash wrote: » I see a lot of platforms that use there coins as payment for their services. Id be worried that they will just start accepting fiat and coins would have no value anymore.
grindle wrote: » Thinking of selling?
grindle wrote: » I'm confused as to why or how you think this could happen. What's the point of building a service with a token economy in mind if they want to drop it's value to zero? They're going to pivot back towards a trad model, dump blockchain, start accepting PayPal and Visa for their service? I don't see the incentive - the community they've built up would have their heads on a spike for duping them & they'll have a hell of a time marketing their way out of that mess. If their blockchain model involved users providing the service's value (renting storage or processing power, rewarding data scientists and analysts for spotting patterns, etc etc) then they've put themselves out of business and etched their names to a global blacklist.
S.M.B. wrote: » While I agree that its unlikely for these companies to o a u-turn are they not entirely in control of the value of a coin based on their ability to determine the pricing for their services.
grindle wrote: » Thery're not in control of the value, no. The initial value (the ICO price) is just crowdfunding, it has no bearing on what they think their service will cost in terms of a coin. Buyer's speculate on adoption which drives the price of a coin up but the service will be bought in terms of USD at whatever price that particular token's market dictates (take Siacoin as an example, with storage sellers trying to undercut eachother), with a service costing more or less in terms of a coin depending on the day. Speculators are betting that enough people will want to use the service so they're grabbing them while they're cheap. This reduces the float on exchanges for service users to buy from, price goes up if the service is good and there's demand for the token, speculator gets to profit if idea is successful.
Autochange wrote: » Anyone had the bottle to be buying this dip?
S.M.B. wrote: » My assumption was that these services would be priced and promoted at a fixed cost within their own currency. This is obviously less of an issue with something like Sia where the parent company is simply taking a cut of each successful contract within the marketplace.
JohnnyFlash wrote: » 40 minute video, but a wonderful overview of Bitconnect, Tether, Tron, altcoins, and the December madness. Well worth a watch.https://youtu.be/5KXHgh2rTTw
Tinder Surprise wrote: » Jasus now I totally understand why the more experienced folk on here have terrible trouble defending BTC in its current state. The part about USDT is very concerning and I've a feeling will explode in the very near future. I'm now totally reassessing my position in the crypto space (not cause of the video as I've had my eyes opened over the past couple of weeks) so gonna see where I stand, or totally change tact.
JohnnyFlash wrote: » The recordings of the Tether/Bitfinex owners is damning - they are pretty much admitting to wholesale fraud. Remove that 2.3 billion of fake liquidity running through the crypto ecosystem, and you’d have to question what is the true value of Bitcoin, and by association, other coins
makeorbrake wrote: » I didn't get an opportunity to watch that yet. Did it give an indication of when Tether will be properly outed? I'm risk off on bitcoin until such time as this is dealt with.
JohnnyFlash wrote: » I think the whole Tether issue needs to get sorted. And it will probably have to be a Government agency that does it. Which will have some of the more extreme coiners shouting about fud and government interference. It will mean Tether disappears, and the biggest exchange disappears. Binance would also be in serious trouble.
