I blocked tsznecki already.
Cryptos are BULLSHIT... based upon nothing more than hope, greed, and stupidity
- Thread starter Scataphagos
- Start date
I blocked tsznecki already.
Cryptos are not viable to the point of public acceptance due to their lack of legitimate and universal fungibility.
It is true that the Central Banks that matter have largely rejected (even outlawed) cryptocurrencies and this has, in essence, sounded the death knell for them. It won't be an immediate death but a protracted withering on the vine. Even drug cartels and smugglers require fungibility and liquidity - especially when you are laundering cash stowed in semi trailers and weighed.
Central Banks and Sovereign banking institutions accept and even trade in precious metals. You can buy insurance for your precious metals.
It is true that the Central Banks that matter have largely rejected (even outlawed) cryptocurrencies and this has, in essence, sounded the death knell for them. It won't be an immediate death but a protracted withering on the vine. Even drug cartels and smugglers require fungibility and liquidity - especially when you are laundering cash stowed in semi trailers and weighed.
Central Banks and Sovereign banking institutions accept and even trade in precious metals. You can buy insurance for your precious metals.
I think the real question is whether Satoshi is Craig Wright, look at the current
bchsv vs bchabc, also if Craig is Satoshi and has all this shit patented, there will
be some interesting lawsuits in the future. I realize this debate won't be settled
for a while. Another question is can bitcoin scale?
https://poloniex.com/exchange/#usdc_bchsv
bchsv vs bchabc, also if Craig is Satoshi and has all this shit patented, there will
be some interesting lawsuits in the future. I realize this debate won't be settled
for a while. Another question is can bitcoin scale?
https://poloniex.com/exchange/#usdc_bchsv
There is insurance for crypto. Not accessible for retail and super niche, but there is.
Ask it guru Tsznecki, he is the expert who knows exactly what to do. Although he has to ask what to do at Destrerio and Maverick for simply trading options. LOL.
Bitcoins will have a return between -70% to -90% probably this year. Bitcoin the "crypto of the future"...
Remember the title of this thread?
Cryptos are BULLSHIT... based upon nothing more than hope, greed, and stupidity
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What is your prediction for Bitcoin's 2019 percentage return? That is the tough question. The 2017-2018 two year total return will still be triple digits in-spite of a 2018 bear market. I just wonder if you have the moxie to put yourself out there and make a hard prediction.
Everybody who takes himself serious will never make a prediction. I am daytrading because I am too stupid to know what the price will be tomorrow.
I wrote end of 2017 that you should not buy in the bubble that existed at that moment. All indicators were overbought. It was pure mass insanity. People who did not buy were considered as idiots. And as I in general take positions opposite to the herd, I was considered as an idiot. In hindsight it became very clear. If I would trade bitcoins I would trade shortterm, holding maybe a few days. But I have much better options then bitcoins.
"The 2017-2018 two year total return will still be triple digits in-spite of a 2018 bear market" for those who bought before 2017.
Bitcoin lost a few hundred billion in market capital and millions of people who bought end of 2017 have massive losses. They have negative returns, some have even triple digit negative returns...
2095 crypto's had together a market cap of 813.8 billions $ around beginning of 2018. Today that market cap is roughly 186.7 billion $. So 77% loss of market cap. Over 600 billion $ lost, so probably the majority was hurt financially very hard or lost their paper profits again.
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This sounds to me like a prediction, or since it is down pretty much it could just be an observation. I will give you that.