Is anyone else starting to become a bit excited?

aido79 wrote: »

The scale of the scam is impressive:

https://www.google.com/amp/s/cointelegraph.com/news/bitcoin-market-cap-is-now-bigger-than-intel-or-coca-cola/amp

...and that doesn't take into account any of the other coins.

You're referring to tether I take it - given that you quote JF?

Further research has been done which finds that Tether issuance isn't pumping the price. In this podcast, Ganesh Viswanath-Natraj - Assistant Professor of Finance at Warwick Business School discusses his paper.

aido79 wrote: »

I'm not really sure what you are talking about to be honest. I quoted an article from coin telegraph about bitcoin being worth more than the shares of coca cola and Intel in terms of market capitalisation.

Those are large companies but possibly not as large as you might think. For exemple Microsoft’s market cap is 8 times larger. And in terms of hard assets the total market cap of gold is 50 times larger.

Being 1/50th of gold’s market cap is an achievement for sure. But it still is significantly smaller.

makeorbrake wrote: »

You did - in response and in quoting JF's commentary on Tether. However, if you know nothing about it, that's fine.

In that case, I can only assume that you are calling crypto a 'scam' across the board. If so, I disagree. I think you misunderstand what decentralised cryptocurrency has to offer.

Perhaps he is saying its too large to be a scam?

You know, if that much money is pumped into it then perhaps its not a scam for definite sort of thing....

Im.not sure where I come down personally having read books like extraordinary popular delusions and the madness of crowds etc

I find it hard to decide if im looking at tulips or a genuine golden ticket.

amacca wrote: »

Perhaps he is saying its too large to be a scam?

Ah, sorry - yes. Looks like I missunderstood!

amacca wrote: »

Im.not sure where I come down personally having read books like extraordinary popular delusions and the madness of crowds etc

It was a good investment of time to read those. The madness of crowds is evident in all markets from what I can see - and it's definitely evident in crypto too. However, that doesn't mean that there isn't something tangible at the heart of it.

The dot com boom/bust would be an example of sorts. Lots of over-hype - resulting in a lot of fingers getting badly burnt. However, look what came out of it. That handful of mega-sized tech companies make up a disproportionate chunk of the S&P 500 now.

amacca wrote: »

I find it hard to decide if im looking at tulips or a genuine golden ticket.

You are looking at something that is incredibly high risk and moving at a pace. Plenty of projects will fail and never be seen or heard from again. I don't think there's anyone who doesn't agree with that. However, there will be category winners (as there are many different use cases coming out of this - it's not just a money use case or digital gold use case that's implicated).

What I would strongly disagree with though is the comparison with Tulips. Google the characteristics of what makes good money...or what makes a decent store of value. Then go through those characteristics in thinking about Tulips and in thinking of Bitcoin. Bitcoin will score very well. Tulips have hardly any of those characteristics. It's an ill-informed comparison. While your there, then compare bitcoin with gold and sovereign/fiat currencies.

Grumpypants wrote: »

I keep seeing stacked and have been too afraid to ask what it means ??

Does that mean you add a little each week and your overall is 11.5K or that you just bought 11.5K worth today?

In my native dialect, stacked means you clipped a large semi in the Lambo and it rolled a few times in the air as it left the road before hitting some trees and was write-off.

What's MH?

Won't be long before we start having those capital gains tax and emigration discussions again. :cool:

Given flights to escape on are looking bothersome, perhaps InstaSte and I could share the costs of chartering a Gulfstream to our respective tax havens.

Truckermal wrote: »

Think he has the silage cut in that 11 Acre field and is stacking Bales all morning.....

Nailed it - this is where the Lambo comes into the equation also.:D

cnocbui wrote: »

Won't be long before we start having those capital gains tax and emigration discussions again. :cool:

Emigration? You mean I'm going to have to do this all over again? :eek:

Grumpypants wrote: »

I keep seeing stacked and have been too afraid to ask what it means ??

Full explanation here.

Addison Fancy Macrame wrote: »

I add a little each week, or a lot on bearish weeks. Today was the most I've ever paid for Bitcoin, uncharted territories for me.

are you manually doing this or do you link your cc or bank acc for auto "stacking"?

makeorbrake wrote: »

Nailed it - this is where the Lambo comes into the equation also.:D

Emigration? You mean I'm going to have to do this all over again? :eek:

Full explanation here.

You emigrated already? if so, you surely won't need to again.

Addison Fancy Macrame wrote: »

Stacked big there today, first time stacking over $11.5 k I think.

bitcoin up is partly due to weak dollar, in euro terms still not breaking 12 month high

https://youtu.be/7B4JcUEIVS4

Another push to crack 12 on now.

jimmii wrote: »

Hello $10 link it was nice to meet you hope to see you back soon!

Buy the dip!:D

Stormington wrote: »

Give it a few minutes.

Its spent the whole day trying to hold it. Maybe tomorrow.