Bitcoin's 10 trillion dollar valuation is fast approaching

I guess is that there will be hundreds in addition to bitcoin, all carrying similar weight. The real value lies not in the coins themselves, but in the companies that apply their technology to develop useful services.

Plenty of coins are popular. Eth can outpace btc
Btc is its own enemy, the brand will not matter at some point.

Well, they are talking about ether overtaking btc for a while. I see there are a lot issues still on the platform and people building on top of it etc.

Clearly the founder is frustrated with the hype.

https://cryptovest.com/news/vitalik-buterin-the-crypto-community-needs-to-grow-up/

Of course. But i mean, look from market cap pov, ETH is pretty close.
Monero has properties that BTC doesnt have like fungibility, untraceability. BTC needs to implement these first.

Tech is hugely deflationary. Everything gets faster better and cheaper at a very fast pace. It doesn’t gel with people’s expectation for bitcoin to be a value store.

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What do you mean tech is deflationary?

When Bitcoin was made as speculative asset, the original currency theme is gone. Plenty of Crypto currencies came competing with it, still Bitcoin is the master speculative asset.

Once crash happens, from $50000 to $1000 or even $100, all competitive Crypto currencies are worthless as no one will accept those coins. Thereafter, all those speculators will not have cash as entire Cryptocurrencies are worthless. Plenty of poor novice people fall prey to the big fish HedgeFunds or Mutual Funds like ARKK/ARKW.

There were big companies like Enron, 60Bln, MCI-Worldcom…etc and now they are no more…Plenty of Crypto currencies and Crypto companies will become history.

The biggest negative for Cryptocurrencies is that they are not physical entity like real estate to come back after a crash.

If the current course of Cryptomania and FED actions continue, we will see this effect before Dec 2019. Let us wait until then…

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My aim is to make some dollars while having fun and bashing the whole shitcoins :slight_smile:

We are seeing blockchain payment tech being developed by “forking” bitcoin. If bitcoin is the original 8086 IBM PC we may now have a Compaq running 286 in Ripple. People paid tens of thousands for a 8086 when it was new but would you pay that much for it today? Or God forbid use it for real?

If bitcoin devs can’t even agree on something as basic as bigger block sizes why do people expect it to evolve fast? For an ambitious dev wanting to try new ideas, coming up with a new coin is a much easier and faster way than convincing the neckbeard bitcoin devs. Potentially much more lucrative too.

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Can bitcoin crash already??? I’m a desperate buyer wanting to own!!! :laughing:

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serious? if so: Buy eng, i am not kidding.

Yes… will consider that also after the crash… :smile:

Buy, sell, then buy more after crash.

You made it sound so easy… :laughing:

It’s so easy, it’s gotta be true!

you forgot a step! If it is so easy, first you should HELOC/leverage all of your home equity, then buy/sell/buy-more-after-crash.

thank me when you’re flying your private jet!

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Why take a heloc, when you can take a margin in one of these respectful exchanges?

Seriously, though, people suspect very big fraud in these where exchanges manipulate prices to margin-call-liquidate accounts :slight_smile: