The only time gold won't be valuable is if the world is coming to an end. It has intrinsic value for industrial uses in electronics. If I need to haul a lot of value from one place to another without carrying currency, gold is a good option. But it doesn't swing wildly like Bitcoin so there is less potential for profit.
Clearly I have much to learn about it. I'm always ready for an education!@ttystikk China was the biggest btc market until they banned it recently, it dipped and within 2 weeks it was at an all time high.
thank god for that! Those fuckers can jog on.
The tulip bubble story is something btc gets compared to a lot, mostly by people that dont understand how or why btc has value. The whole tulip thing wasnt even really a bubble https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/
Ive been trading digital currencies for 5 years. At the moment bitcoin is moving more toward the Store of value side of things because of the scaling issue - Bitcoin is slow, really slow compared to visa. But secondary layers like Lightning network will fix this but core wont rush it. N o one expected this year to unfold like it has.
Blockchain is the THE biggest digital revolution since the internet. It is right now changing the way millions of industries work - cutting out the expensive middle man via a trustless digital ledger is saving billions already. ive invested into countless blockchain projects via altcoins, theyre absolutely fascinating.
Im surprised that someone as efficiency driven as yourself isnt ALL OVER IT
i could go all day man
This is a big reason why I'm thinking of buying gold. It's value will rise in the next crash. Another way to say that is the value of the currencies will fall and gold will hold its value.
get stuck in! ive lost my life to it. btc is now the 6th largest currency https://cointelegraph.com/news/bitcoin-is-6th-largest-currency-in-the-world-by-circulation
I thought my account at BTC-e was lost since the domain was seized earlier this year. I just found out they reopened under a .nz domain. Logged in and there is my 0.043 ETH still in my account. Woo hoo!
That's awesome! Gotta love pleasant surprises
Would surely help to have a distributor over there.
Fascinating and exciting in equal measure. If I were a young banker starting out in finance I'd forget about the old ways of doing things; it'd be like an automotive engineer learning how a steam engine works.
I'm working on it....trying to hook up Green Leaf with a UK/EU distributor
Except that JP Morgan Chase had the active assistance of the US Federal government, they didn't do it alone.Fascinating and exciting in equal measure. If I were a young banker starting out in finance I'd forget about the old ways of doing things; it'd be like an automotive engineer learning how a steam engine works.
The lack of control will have a lot of govts. worried tho I think, not to mention banks/bankers. No more JP Morgan sucking out billions for their own pockets and leaving the rest of us to pick up the tab.
You need to think bigger!!!I'm working on it....trying to hook up Green Leaf with a UK/EU distributor
An EU distributor would be really nice. Shipped via GLS(EU only) and nobody within EU would have to pay import tax anymore. At least untill yet...(Brexit).I'm working on it....trying to hook up Green Leaf with a UK/EU distributor
Yeah I realise that but that is another reason to buy into cryptocurrency because govts/institutions don't have a hold or control over them.
Cryptocurrencies are different than traditional money. Here is an example: I'm looking at a cryptocurrency that aims to be the one of choice that gets used in VR and VR gaming. Those in-game purchases that happen in games atm,on smartphones, with the use of $'s/£'s might well be made in future using the cryptocurrency instead. When people at home want to create their own VR worlds and need assets such as a house/bar/street/whatever they might use the new currency and as it gets used - creating a VR economy - it will increase in value. There is no inflation. No $30 transaction fee if overseas. No turmoil due to a war in the Middle East. It's totally different and needs to be thought of in a different way completely.
Yeah true but look at the piss-taking fees that get charged, essentially for nothing except use of the network which transmits the money/information!
Yeah it really is. I was reading that the US Govt. want people to declare their cryptocurrencies domestically and also for international travellers who have over $10K worth. This is a fight they and other govts will lose. Once these currencies are in everyday use by millions it's out of govt control. They won't be able to arrest millions of people. It'll make the gun control argument look like a pillow fight imo.
