Kickstart1.3 wrote: » The John DeLorean of our day. No I'll keep my cash away from Ethereum. It's had its day during the token boom of 2017, which was about all it was good for if that was even a good thing.
Dohnjoe wrote: » BAT, OmiseGo, Maker, etc - 90% plus of the top blockchain projects are based on Eth. It's largely been the go-to for industry, banking, stock exchanges for their BC and DLT development Has quite a few issues currently, but those are constantly being worked on, we have Casper V2, Sharding, better scaling, etc coming Price-wise, it's still 1400% up on just over 2 years ago - it was much higher, but the ICO craze in 2017 has led to severe dumping. I certainly wouldn't discount it yet.
Kickstart1.3 wrote: » No its not up 1400% from 2 years ago. You would have to go back to nearly day 100 for that type of return.
Its way overvalued like all cryptos bar Bitcoin which has it's only use case as a store of wealth
Dohnjoe wrote: » My mistake 1000% on 2 years 2 months approx Undervalued, overvalued - doesn't mean much in a market where value is almost entirely psychological and asset value can't be calculated I would argue that BTC's store of value isn't much of a use case since that value is so highly speculative
Kickstart1.3 wrote: » I believe that Bitcoins store of value is a great use case. All the Alts are total speculation. I used to follow all the hype of the alt-coins but in reality they have little or no use at the moment. Most are way over-valued beyond belief, many of them will go to zero. Most will be replaced by other Alts from new and old developers who milk the speculation market for what its worth. Bitcoin is Digital Gold plain and simple
Dohnjoe wrote: » Would disagree. Gold actually has a use (in everything from cameras to spacecraft)
Dohnjoe wrote: » Bitcoin doesn't have much use apart from being a speculative digital trading token. As a store of value it's pretty useless due to it's value - you would never put your life savings into it due to the high risk and insurance for BTC is rare (possibly non-existent) So it's good for trading/speculation not much else. Very similar to most alts, just slightly less insanely volatile than them
makeorbrake wrote: » Bitcoin has portability and ease of storage. It has scarcity as does gold (so long as asteroid mining doesn't pan out).
On volatility, believe it or not, it has already seen a reduction in volatility over its history. Of course, it will need to see a much greater reduction in volatility to become a sound store of value. However, if the market cap extends out, that's not impossible.
Kickstart1.3 wrote: » A store of value is a fine use for it, sadly their isn't enough bitcoin available to give a third of a Bitcoin to every millionaire in the world.
Dohnjoe wrote: » Artificial scarcity - like thousands of other cryptos
Dohnjoe wrote: » True, volatility has decreased from the early days, but it's potential is still insane, 15% in 30 mins is not to be sniffed at In collateral terms it's would be rated below penny stocks, international regulation could annihilate it's secondary market value. The "don't put in more than you can afford to lose" tells us enough about it's volatility and future risk Not bashing it, have held it for a long time, but purely as a high risk speculative investment - calling a spade a spade
makeorbrake wrote: » Bitcoin has portability and ease of storage.
makeorbrake wrote: » It has scarcity as does gold (so long as asteroid mining doesn't pan out).
Bob24 wrote: » But when you are looking at a store of value of last resort such as gold, being a physical asset which you can touch, store anyway you want it (including burry it in a field or whatever you fancy), and which is carries its own value is also a key point which IMO means a crypto can never fully replace gold.
Bob24 wrote: » Carrying its own value is especially important I think: if I hold a gold bar in my hands my wealth is right there in that object which doesn’t rely on anything else I can’t control.
Bob24 wrote: » Those are a lot of things I can’t control (and obviously it is very unlikely for them to become unavailable in the short term, but keeping in mind we are talking store of value *of last resort* any external dependency is a liability versus gold).
Bob24 wrote: » I know as you said in a previous post it wouldn’t make sense to alter bitcoin’s software scarcity at this stage, but it is technically possible, and we don’t know what might happen in the future. Whereas (at least currently) it is not technically possible to alter gold’s scarcity as it relies on the laws of physics and the limits of science and technology.
Bob24 wrote: » So again yes bitcoin has artificial scarcity, but at least at this stage I wouldn’t consider it as “strong” as gold’s actual physical scarcity. Having said all that I’m not saying bitcoin or another crypto can’t become a decent store of value. But I would be careful calling it the new gold as I don’t think it could deliver some of the benefits gold does.
Kilboor wrote: » Excited to short even more
Addison Fancy Macrame wrote: » Don't put the house on it
Kilboor wrote: » I'm joking really, been a hodler since 2016 and continue to be. I hold and forget, easy life.
Addison Fancy Macrame wrote: » Topped up my BTC holding
Addison Fancy Macrame wrote: » As per title, have we reached the bottom ? Don't think we'll see the likes of $3200 ever again. $5150 at time of posting. Back in the mainstream media once more.
Addison Fancy Macrame wrote: » +500 since thread started. Fairly excited. Any 10% drops I'll keep accumulating.
