Anybody still holding hefty bags?
The mighty Bear seems to have finally relinquished its grasp on the market and the Bull is showing signs of another parabolic run.
However, I can care less about price at this point. Much more interested in how people feel about the market and any possible integration that you've seen in your neighborhoods.
A new survey found that about 7% of Americans know what Bitcoin does. Even less own it. Still a highly speculative market.
And finally here's what I still hold, because I don't want to come off as shilling my favorites: Litecoin, NEO, VeChain.
Until there is a better understanding on Regulatory impacts, more widespread adoption and forward planning, it will continue to be a minefield.
Previous bitcoin threads seemingly turn into a contest on whose dick is longer and who has the better investing prowess as they sound like drooling invalids.
The silence over the past few months has been telling. On many levels.
And KYC and AML are sort of the reason crypt exists in general. Crypto became attractive due to anonymity and ability to make purchases unregulated.
Which is exactly what KYC and AML are designed to prevent.
The major banks in the US and Internationally have an obligation to be compliant with those regulations.
I've said all along Block Chain - major innovative opportunities - some being prototyped and/or even in use today.
Crypto - still immature and any currency needs regulation, without it, it's rife for fraud, fluctuation, volatility, and not something I plan to invest in.
Depends what you mean by “bad”, I guess. Some lost their shirt during the bear market, some tripled their holdings. It’s relative to the personal responsibility that the buyer chose to took.
I can only speak for myself, but I see the volatility as a plus
Otherwise, it is a variable smart investors try to minimize as much as possible.
And volatility is only a long-term positive if the market continues to grow and develop. If the market evaporates, exactly how is it a positive?
If they can get blockchain right, I actually believe it will disrupt how we vote, and what we vote on as citizens, it has that capability.
Major markets that have and are going to be changed are Banks, Medical, and Food.
Otherwise, it is a variable smart investors try to minimize as much as possible.
And volatility is only a long-term positive if the market continues to grow and develop. If the market evaporates, exactly how is it a positive?
FMIC, obviously I wouldn’t be invested if I thought the market would evaporate so that’s just personal opinion. I hope 99% of the crypto market goes under. But the mainstays aren’t going anywhere on my opinion.
I also don’t agree on needing to time it perfectly. Again, only using my personal experience, LTC ATH is $420. Bear Market low in 2018 was $22. Even selling at half of the ATH and buying back at triple the bear market low is still monumental gains.
It is harder to time during a bull market but nobody should be selling during clear upswings. TA is not the gospel in crypto but it’s still relevant for future moves
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is only a "plus" if you have inside information or get lucky to time it correctly.
Otherwise, it is a variable smart investors try to minimize as much as possible.
And volatility is only a long-term positive if the market continues to grow and develop. If the market evaporates, exactly how is it a positive?
FMIC, obviously I wouldn’t be invested if I thought the market would evaporate so that’s just personal opinion. I hope 99% of the crypto market goes under. But the mainstays aren’t going anywhere on my opinion.
I also don’t agree on needing to time it perfectly. Again, only using my personal experience, LTC ATH is $420. Bear Market low in 2018 was $22. Even selling at half of the ATH and buying back at triple the bear market low is still monumental gains.
It is harder to time during a bull market but nobody should be selling during clear upswings. TA is not the gospel in crypto but it’s still relevant for future moves
Yes, but it is impossible to time these things because they are completely speculative, unless you can figure out which company is crypto dujour.
IMO, some crypto is a nice piece to have in the super high-risk portion of your portfolio. the kids putting 50%+ of their networth into it are idiots.
"Let's make Bitcoin go up today."
Ether tanked and now its been up 97% the last 3 months. not a bad return if you got it at the bottom.
like anything else, when everyone panics and sells, good to have cash to buy in at the bottom.
Posts like these are the reason I smile and continue to DCA. You are living in 2014 if you think that's what crypto and blockchain tech are used for.
You can literally pay your taxes in crypto, buy a house or car in crypto or get paid in crypto in some states, but yeah, only for small black market purchases!
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With the new regulation in place you can't put in or take out large sums of money without your banks knowing you do. They've already regulated Crypto here in Florida. Need to got through the whole AML process just to buy it/take it out.
Posts like these are the reason I smile and continue to DCA. You are living in 2014 if you think that's what crypto and blockchain tech are used for.
You can literally pay your taxes in crypto, buy a house or car in crypto or get paid in crypto in some states, but yeah, only for small black market purchases!
Actually combining Blockchain and crypto is more 2014 than anything else.
Don't confuse the two. One is a legitimate technology that extends far past creating currency. The other is a means to pay that is increasingly facing more and more difficulty to execute.
It really depends. For everyday purchases, I don't think we are there yet in terms of it being a preferred way to pay, and I think it's probably likely that won't be for many, many years. I am big into crypto and have never used it to purchase anything in a store. However, with swapping becoming available, we are starting to see how this can be possible. More info on the link below which outlines how Whole Foods, AT&T and other companies are accepting crypto and instantly swapping it digitally for USD.
However for bigger purchases (such as a house or car) there are some real advantages for using crypto. Never mind the fact that businesses will save money because there's no CC processing fees etc, but generally crypto is easier to track as you can see your coins directly on the blockchain. Faster processing times compared to bank wires. Crypto is also international, no exchange rates or transaction fees etc. Less room for fraud as well as each transaction has to be approved by both parties on the blockchain. It's also inherently decentralized because fuck banks.
https://www.engadget.com/2019/05/14/flexa-spedn-cryptocurrency-app/ - ( New Window )
The online course is offered for free, but for $79, students can get a certificate of completion if they finish the course in a month.
Link - ( New Window )
That's pretty general. Our company had its IPO about 26 months ago. It's increased almost 600% since then.