What is your stance on crypto?

[Frederick Foresight]

Bitcoin is a pee to peer

Now that I believe.

As to definitions, from your link:

Bitcoin’s average daily transfer volume surged more than five-fold year-over-year to $35.9 billion in 2021, while the cryptocurrency’s average transaction value grew six times to $136,555.

The average transaction value suggests to me that the volume represents trading volume on crypto exchanges rather than for purchases of goods and services, which is the comparison the link apparently makes with Visa. I think that makes it an inappropriate and arguably meaningless comparison.

 

[johnarb]

Now that I believe.

As to definitions, from your link:

Bitcoin’s average daily transfer volume surged more than five-fold year-over-year to $35.9 billion in 2021, while the cryptocurrency’s average transaction value grew six times to $136,555.

The average transaction value suggests to me that the volume represents trading volume on crypto exchanges rather than for purchases of goods and services, which is the comparison the link apparently makes with Visa. I think that makes it an inappropriate and arguably meaningless comparison.

No it's not trading volume on exchanges. Those are not counted as they are not on-chain

https://coinmarketcap.com/currencies/bitcoin/markets/

 

[Frederick Foresight]

No it's not trading volume on exchanges. Those are not counted as they are not on-chain

https://coinmarketcap.com/currencies/bitcoin/markets/

So then what do you suppose the purchases might be that average in the amount of $136k?

 

[themickey]

Bitcoin is a pee to peer.....

 

[johnarb]

[ attachment

typo

 

[johnarb]

So then what do you suppose the purchases might be that average in the amount of $136k?

On-chain transaction values in $

https://www.blockchain.com/btc/bloc...12223e8c27b2d7f1336350b9cc6d927596dddd7c652be

Click on the btc to change the value to $

You can look at previous blocks

 

[PoundTheRock]

I think of crypto as a 10-year call option that's probably going to expire worthless. Still, it's worth holding the call.

 

[Nine_Ender]

I think of crypto as a 10-year call option that's probably going to expire worthless. Still, it's worth holding the call.

Hard to say playing energy made a lot more money most of the last two years and it's based on tangible growth in company balance sheets. The trick is to identify these huge growth situations early in the cycle and crypto may possibly be late cycle.

 

[PoundTheRock]

Hard to say playing energy made a lot more money most of the last two years and it's based on tangible growth in company balance sheets. The trick is to identify these huge growth situations early in the cycle and crypto may possibly be late cycle.

Agreed, I passed on too many opportunities back in 2016-17, even when Crypto Dude was pounding the table to buy Ripple in fractional pennies.

 

[stochastix]

Are you kidding? There is a choice describing 100% of your view. "I don't know whether to love it or hate it"


I like trading crypto a lot better than I do regular stocks. 24/7 trading, and you also free to do whatever you want with it after you buy it, since you own it. Can't do that with regular assets. Plus you don't have all these stop loss rules.


A lot of countries don't know whether to ban it or unban it. Just look at India and China, their heads are spinning because they don't know what the outcome is. And since most countries have allowed crypto, they don't want to be left in the dust while other countries take profit.

If you can't baffle them with brilliance baffle them with bullshit. Crypto lingo is like a schizophrenics word salad. At least mathematics Lingo is logical