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Cryptocurrency

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    Originally posted by Jog On View Post
    That's an important distinction. I really think it extremely unlikely it's going to 0. What's happening now is bad for the short termers and over leveraged.
    Investing pension at 6k and then going to 600 will feel very much like zero

    Scooty is not a scammer - he is an idiot...

    Comment


      Originally posted by AtW View Post
      Investing pension at 6k and then going to 600 will feel very much like zero

      Scooty is not a scammer - he is an idiot...
      Another important distinction there.
      "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

      Comment


        Originally posted by scooterscot View Post
        1) Mostly adoption. No one is paying attention to the rate of adoption. 1ML - Lightning Network Search and Analysis Engine - mainnet That address will take you to the lightening network stats page. Look how quickly adoption is occurring in the past few weeks. More and more nodes are coming online. Bitcoin only had a maximum seven transactions per second prior to the lightening network. Systems like VISA are able to process up to 45,000 transactions per second ("tps"). Lightning Network enables millions of transactions per second. Holders of XRP will have a 'oh no' moment in the future, mark my words.

        2) Network effects. Again, no one is paying attention to network effects. Bitcoin is the king of all blockchains because it was the first and as such the most recognised. That's not going to change. The state of Ohio has just allowed it citizens to pay taxes in Bitcoin.

        3) USD collapse, it's in the post.

        4) There's only about 15 million tokens in circulation. It should be 21, however a number have already been lost and a number of people will just remain holders. The volume available for moving around is about 15 million once the remainder is minded. Actual circulation is around 11million

        5) Given (4), no one is paying attention to central banks printing like there's no tomorrow. Like gold, no one is printing Bitcoin. Given the market capital of gold.... well look it up before gold ETFs were traded and its price today, that alone will take Bitcoin beyond $100k

        I agree on number 3 I am not sure about the others

        I hope you are right for your own sake and wish you success

        Milan.

        Comment


          Won't the good ole USA go to war to protect the $ before seeing it collapse? They've done it before when various despots have threatened to pull away from pricing their oil in $.

          Maybe should cross-post to that 'WWIII is imminent' thread.
          Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.

          Comment


            Originally posted by Hobosapien View Post
            Won't the good ole USA go to war to protect the $ before seeing it collapse? They've done it before when various despots have threatened to pull away from pricing their oil in $.

            Maybe should cross-post to that 'WWIII is imminent' thread.

            well, that's the problem isn't are the countries now threatening the $ too big for the US to go to war with ?

            people in the know keep quoting this when discussing how fast it will happen...

            Quote by Ernest Hemingway: “How did you go bankrupt?"
            Two ways. Gradually,...”


            Milan.

            Comment


              Originally posted by milanbenes View Post
              I agree on number 3 I am not sure about the others

              I hope you are right for your own sake and wish you success

              Milan.
              I don't hope. I calculate :-)
              "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

              Comment


                Originally posted by Hobosapien View Post
                Won't the good ole USA go to war to protect the $ before seeing it collapse? They've done it before when various despots have threatened to pull away from pricing their oil in $.

                Maybe should cross-post to that 'WWIII is imminent' thread.
                With who? The threat to the dollar is from within this time, not external.

                America's demise as a superpower is the fault of Americans. Just from the UK's is the fault of economically inactive leave voters.
                "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                Comment


                  Originally posted by scooterscot View Post
                  With who? The threat to the dollar is from within this time, not external.

                  America's demise as a superpower is the fault of Americans. Just from the UK's is the fault of economically inactive leave voters.
                  there's more to it than that


                  hence as Hemingway said, gradually and then suddenly

                  do your own research

                  n.b. this stuff is not really discussed in the main stream british press

                  Milan.
                  Last edited by milanbenes; 28 November 2018, 15:49.

                  Comment


                    Originally posted by scooterscot View Post
                    I don't hope. I calculate :-)
                    that's the spirit

                    Milan.

                    Comment


                      Originally posted by scooterscot View Post
                      With who? The threat to the dollar is from within this time, not external.

                      America's demise as a superpower is the fault of Americans. Just from the UK's is the fault of economically inactive leave voters.
                      The petro$ was challenged twice in recent history, fist time was Saddam Hussein, second time was Ghadafi.

                      Now Russia and China are cutting the USD out of their oil trades and encouraging other countries within their sphere of influence to do the same. America can't just bomb the hell out of Russia and China.

                      There's talk about them bringing out a new gold backed FIAT currency to challenge the USD, as they have both been accumulating a lot of gold the last few years...
                      "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

                      Comment

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