Bitcoin and Bitcoin Cash will trade to parity

Zr1Trader said:
ETH and ETC aren't trading at par. Far from it. I don't think all three bitcoins trade at par either.
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The ETH functionality has already emerged as a smart contract platform with vision. So there is a real difference between ETC and ETH... based on new utility and cost benefit. Bitcoin is enjoying a different main source of demand and it isn't functionality. So I think bitcoins funcitonality doesn't begin to fully emerge until the crypto infrastructure is built out enough to support consistent institutional flows across borders... so like 2019, 2020... bitcoin is oin to $14k by Q12018 so only Satoshi knows where it's going to be by 2019.
 
Pekelo said:
I kind of zoned out after the first few sentences. But yes, it is not impossible all 3 will be trading at pair, just not 4 digits valuation. So once bitcoin goes below 1K or even 2 digits, yes they can trade at pair after all the supply just went threefold...

And before you counter argue, let me ask this question: Using the internet as an analogy, what do you think where are cryptos today? Because if you say where the net was 1995-98, then imagine the crypto explosion that is coming, just like it happened to the internet.

And when that happens valuation is going to take a dive....Remember when we used to pay for email? Or online storage space? Or movies? Now they are all free or ridiculously cheap. So will be cryptos...
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It's false to compare bitcoin to the dot com bubble. bitcoin itself is a global digital currency, tech is an equity sector. Bitcoin may possibly have to balance the global M1 and M2 ledger, along with other system USD credits. We're talking trillions. Some project Bitcoin to be worth millions per coin in 5 years. The implications are staggering, obviously.

The dot com bubble was a baby compared to this monster. Notice the bubbles got bigger from the 80's through 00's and present decade? That's because it's a blow off bubble economy based on keynesian economics and compound interest. It's designed to blow up. Crack up boom is here because compound interest on debt always leads to exponential growth of debt. So this bitcoin bubble may just be the mother of all bubbles, but so so many cryptos are not going to make it and much less so as a currency or store of value/exchange for international settlements.

When the bitcoin bubble implodes it will be because of some crazy stuff like alien tech, world war, or mass consciousness awakening. Meaning, this is it, all the global sovereign debt loads are unsustainable and in the process of defaulting. USD especially. And since it's reserve currency they need a new system/platform/reserve currency. Enter Bitcoin.

Either buy now or have to keep agonizing every $10k until you finally buy in at $100k.... because eventually you WILL have to buy. (muhahaha!)
 
BrandNewTrader said:
It's false to compare bitcoin to the dot com bubble.
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I didn't. Did I use any of those words? I compared it to the development of the internet. Holy fuck, I thought I was clear when I mentioned paying for emails...

But since you seem to be so knowledgeable, why would cryptos keep their value when there is more and more of them and the newer ones can be instantly better than the old ones?
 
Pekelo said:
I didn't. Did I use any of those words? I compared it to the development of the internet. Holy fuck, I thought I was clear when I mentioned paying for emails...

But since you seem to be so knowledgeable, why would cryptos keep their value when there is more and more of them and the newer ones can be instantly better than the old ones?
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https://cryptocoincharts.info/coins/info

According to this site right now there are over 50 coins with a market cap greater than 100 million USD. Even my favorite dogecoin, literally a joke, is "valued" at 164 million. It is my favorite because I used to play some online poker in dogecoin, and it was fun playing 10k/20k NL holdem. Way cooler than playing .0000001/.0000002 NL bitcoin Holdem. :) I think anyone with half a brain knows what would happen to these market caps if people tried to cash out. I wish there was some way to know the true $ total of actual economic activity being conducted in crypto. I know after using it once for a bullion sale I never touched bitcoin again, after waiting 18 hours for the transaction to confirm.

Having said all that, I'm watching for the next true technological advance.
 
baggerlord said:
https://cryptocoincharts.info/coins/info

According to this site right now there are over 50 coins with a market cap greater than 100 million USD. Even my favorite dogecoin, literally a joke, is "valued" at 164 million. It is my favorite because I used to play some online poker in dogecoin, and it was fun playing 10k/20k NL holdem. Way cooler than playing .0000001/.0000002 NL bitcoin Holdem. :) I think anyone with half a brain knows what would happen to these market caps if people tried to cash out. I wish there was some way to know the true $ total of actual economic activity being conducted in crypto. I know after using it once for a bullion sale I never touched bitcoin again, after waiting 18 hours for the transaction to confirm.

Having said all that, I'm watching for the next true technological advance.
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It's a con game run by the same lowlife that ran boiler rooms and penny stocks for decades.
I congratulate them on their ability to attract the weak minded.

I keep forgetting how many dummies there are in the world.
Infinite
 
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