TomTX Import keys abc bitcoin necklace bitcoin wallet 13,7: Big fan of Dragonchain. Also, for the first time in history, you can create digital collectibles that are unique and non-replicable, just like my Wayne Gretzky rookie card which intrinsic value is about 1 cent of cardboard and ink, but which market value is in the hundreds but that must be a bubble. You could just hold a fraction and still see it grow with time, much faster than most other investment avenues available today. I believe this is currently the second longest expansion in US history. A massive drop in the market is usually based on fear — which once subsided, earnings from the 3k companies publicly traded will continue to churn out and eventually prices will come back up. The Wealthy Accountant January 2,6: And its back to Again, only in nominal terms. Naturally with higher growth comes the risks which you should be ready to deal. Bitmex Research There is no-one putting out more consistent, detailed, high-level research on cryptocurrencies. Same wishes to you on your toilet paper fiat money my friend. Free January 3,1: Joey Graziano January 2,6: The internet has provided many, many, many great investing opportunities since — most of which would have been better than a BBS in Mocho Psychedelic Hyena hunter of crypto gems. Humans are conditioned for shortcuts in all aspects of life. Sounds like a bubble to me.
Monica January 3,7: The Vigilante January 3,7: Reuse this content. Better to get monero difficulty prediction zcash standalone mining air-source bitcoin loan without identity verification buy amazon with bitcoin pump, which multiplies your heat best twitter for cryptocurrency why is cryptocurrency evil per dollar by hundreds of percent. Does that mean investing in Berkshire Hathaway is speculating? Also, for the first time in history, it will soon be possible to make millions of sub-cent transactions efficiently without any significant fees. I was thinking that the primary beneficiaries of the current bubble are likely the drug dealers, money launderers, and other criminals that hold bitcoin for actual business transactions. Vijay January 21,7: Discussion with friend from nVidia is irrelevant to bitcoin mining. Some of my conversations with him inspired the research in this article. I argue that fiat currency is inefficient because its supply is always increasing. And the digital assets which are currently little more than digital currencies no one uses will be required to process and write data to the public blockchains. Bitcoin is the longest existing algorithm and has proven to be safe and capable of remaining decentralized arguable. It has reached the point that a big percentage of stories in the financial news and questions in Mr. You how to deposit to bittrex from coinbase 100 top cryptocurrency also have to pay a fee to transfer from the exchange to your wallet. They want the price of the asset to go up as well, so they are speculating. Socal Crypto miner and trader with an eye for new and undervalued coins. Liquidity is very low, which tends to drive prices up or down quickly, and lead to very high market capitalization despite relatively little money being injected. Patrick January 3,1: If you had invested a hundred dollars a few years back instead of showing your polite smile, you would be a millionaire today!
Bitcoin values are delusional. They want the price of the asset to go up as well, so they are speculating too. It stays below the prior high for decade at least, sometimes forever. Starbust An account Stardust uses to talk to himself. Money Mustache January 3, , 9: At the present time, stock index funds are priced more irrationally and speculatively high than gold is. That said, I guess ridiculous speculation has been around for ages — this is just the latest flavor. Frugal Toque January 5, , 7: Big fan of Dragonchain. However about 6 months ago, I withdrew all my stocks and threw it in altcoins. Hashcash was cited in the Bitcoin white-paper by Satoshi Nakamoto as an influence for the proof-of-work algorithm that powers bitcoin. I am Nomad Constant source of analysis on industry news. Peter Schiff Another gold bug that tweets about Bitcoin more than his favorite commodity. Right now if bitcoin enjoys the lead, what is there to call it stupid. Influential within a number of companies via his firm DigitalCurrencyGroup. Alright then, do you have all your money invested in cryptocurrencies? MMM eludes to the crux of the issue surrounding the long term sustainability of the current generation of cryptocurrencies when he discusses the fact they are heavily unregulated and difficult to track for governments everywhere. James January 3, , As for your other comment, no sir, no amount of corruption is tolerable if you have the choice to get rid of it!
You made an unsupported claim. It is the main currency by which you can obtain other cryptocurrencies. The stock market over the long run will ALWAYS grow as long as the population and technology and our output as humans continues to grow. Funny, I was recently approached to put up a sponsored post talking up the virtues of Bitcoin. And so my joker friend, how many Fiat currencies exist on this planet, have you even counted? The nasdaq to allow bitcoin futures will bitcoin recover ranking U. Berkshire Hathaway Class A has paid out a dividend only once inand Warren Buffet has regretted even. Over 3. Stop Ironing Shirts January 2,5: Even some cryptocurrencies that currently exist. A lot of people are into cryptocurrencies because they want to get rich. Hotkatchina The original crypto model. Technology is always the game changer. Topics Bitcoin. Blockchain technology may do that. So in order to have immutability, we need decentralization. Why do you think so? Beyond crypto hating, great follow for digital marketing news and stock tips. They are speculating like crazy which has lead the government to try and protect their people through the regulation of crypto trading.
How else should people behave? Rather than maximize profits, what about minimizing regrets? Because it is. Or streaming music, and streaming movies! CryptoCronkite The undisputed source for quality updates on what is happening with Crypto Twitter. We live in a world where both can, do and will exist. What scared me away was basically the energy costs of mining, and knowing that, even if cryptos became huge, there was no reason Bitcoin in particular would have have any value in excess of the electricity that I spent to get it. The bitcoins were seized from the illicit dark-web marketplace The Silk Road. The nominal price of stocks remained roughly the same while their effective purchasing power was cut more than in half. Why the hell would you have an intermediary like that when buying bitcoins? In short, historically gold is the truest measure of value, the safest store of wealth, and best insurance against fiat money and other manias see Weimar Republic circa Compared to bitcoin it uses only a fraction of energy. The fact that Mr Money Mustache, one of THE most influential FIRE movement supporters, has made a post on it…seeing how many financially illiterate people are out there is mind boggling. I agree with Pete. You will be amazed at the rate at which internet connection is going up in the poorest of countries. CryptoCoyote Analysis of high-cap coins but also a great follow for knowledge and insight into lesser-known coins. BPA January 2, , 6: Speculating on bitcoin for this reason only really works so long as there is some new greater fool who joins in on the speculation after you have bought.
Calling this a waste of human energy is NUTS. Every currency has something behind it. Let them hold on to their fiat currency if they like to. Now mainly tweets about deadlifting. Tim January 3, , 9: It often seems like there is a Bitcoin mafia who get upset if someone says something bad about Bitcoin. LennStar January 3, , You are correct to note that Since the late s when Shiller started promoting the CAPE ratio stocks have regularly been in bubble territory. Even from a philosophical standpoint I believe decentralisation is the way forward for Humanity. Also, for the first time in history, it will soon be possible to make millions of sub-cent transactions efficiently without any significant fees. Regular money has nothing behind it either. It will be difficult to predict what comes in this rapidly evolving space. Congratulations on your earnings. Vivek Prasannan January 15, , 9: Tawcan January 2, , 5:
Tai Lopez The best indicator that you should sell some crypto. We probably have another few years of stocks going down in terms of gold before they bottom out and a new stock bull market in real terms resumes once. TomTX January 13,6: Last month, shares in a tiny US soft drinks company quadrupled after it changed its name from Long Island Iced Tea Corp to Long Blockchain Corporation — referencing the ledger technology upon which bitcoin and other cryptocurrency transactions are based. As of now, BTC has none of those characteristics. A man is not a financial plan January 3,9: Bitcoin and altcoins consume a ridiculous amount of energy. Government-issued currencies have value zcash mining rig molex usb risers how to recover ripple sent to wrong address they represent human t rust and cooperation. They saw value in it very early. There are sure going to be a lot of people gnashing their teeth and rending their garments when the bottom falls out of this market. Caused a month-long bull-run by fulfilling a crypto twitter prophecy. Normally, I try not to publish comments that are just emotional reactions or totally uninformed. Most popular. You are a dumb man TomTX! Buying some bitcoin and other coins could be rewarding in the long term. A lot of people are into cryptocurrencies because they want to get rich. Do not let your own brain trick you for easy solutions! The value of a blockchain is its immutability, derived install bitcoin headless is lisk better than ethereum its decentralization. Its trust is the full force of the weapons and arsenal behind it. All they can do is to ban and stop the exchanges. Plenty of joke posts but a how to make a mining rig case how to make antminer s3 start mining of honest conversation regarding promising altcoin trades and the overall market.
Most of these people have cartoon characters for AVIs. Legendary altcoin miner. I advise you look at the iota ripple wallet build bitcoin escrow service PE ratio. Pure Air and a bunch of IOUs that it will eventually default on. Transactions takes as long as for banks and soon banks will do trasnfers in seconds too, the real life tests have already started and cost MORE. Adaptation as currency this is happening, craigslist accepts Bitcoin, many local shops started accepting, you can even have Mrs. I rx 380 hashrate cryptocurrency bitcoin news done this, and Bitcoin has a carbon footprint which is abouttimes larger than the US dollar. Oh my gosh, get out! This is yet another extreme example. Allow it time to grow to say 10 trillion, and then let us debate on stability. If not, why when you say that it will be worth 10trillion in a couple of years. Riccardo Spagni Core developer for privacy coin Monero. Start or have a company that produces and sells something people actually buy. An entertainer through and. Grover January 2,5: Maybe then it will go away. Why Mr. Thus, they are not useful, and produce nothing useful. Socal Crypto miner and trader with an eye for new and undervalued coins.
Does that mean investing in Berkshire Hathaway is speculating? Michael January 10, , Full faith and what? This is the second highest cyclically-adjusted PE ratio in recorded history:. Investors who valued Apple and Microsoft and rich now and that is not because they spotted a Ponzi scheme. One place where coin mining could considered reasonable is during winter in a home that is already heated with electric resistance heaters. BPA January 2, , 6: I am of the opinion all of Fiat will get wiped out in a decade or two! Zooko Founder and developer of privacy-focused altcoin Zcash. Bitcoin and other Cryptos are attractive for that reason and that why people spread this misinformation about it to sway people from backing it. Max Thunder January 2, , 6: The main reason is Kenya has a mobile money system which allows you to use phone credit to pay for stuff or even just your own money. Libertarian attorney. Normally, I try not to publish comments that are just emotional reactions or totally uninformed. In your example, the internet might be comparable to Blockchain — time will ultimately tell. Do you practice illegal tax evasion as your primary wealth strategy? Stop Ironing Shirts January 2, , 5:
The internet became an amazing avenue for wealth. One place where coin mining could considered reasonable is during winter in a home that is already heated with electric resistance heaters. You keep spouting off nonsense. Vitalik Lead developer of Ethereum. In Ancient Rome and today one ounce of gold bought a very nice dress suit. The content arm of the BitMEX exchange. Governments can inflate the prices as they wish, how is that model sustainable? TomTX January 6, , 8: I think that the short history of bitcoin teaches us just how challenging prediction can be in these technologies. Amazon has a stated strategy of no profit—how does one price that? From arranging hits to buying drugs to political corruption. One of the 3 points MMM stated it needs. I remember about 20 years ago the starry-eyed optimists predicting the end of brick and mortar banks within a decade or two…. Once you make this separation in your mind, you can see that Blockchain is a simply a nifty new software invention which is open-source and free for anyone to use , whereas Bitcoin is just one well-known way to use it. Exceptional content. Frugal Toque January 4, , Plus the addiction and how crypto has started to drain people of their savings and life. Then I came to my senses and realized that I only want to make money providing value to society.
No guarantees that if bitcoin drops that it will ever come. How much do you have invested in BTC? Very interesting. Hence, he advocates value investing not speculation. Why should it not be? Why would the author call this act stupid? You need some sort of fundamentals, and in bitcoin there are. Please let it go. You can give up that wet dream right. Ben January 3,7: Money Mustache has ever written. TomTX, you can take a horse to the Pond but you certainly cannot make it Drink! Is currently working on one of the failed Bitcoin Cash forks. Crypto is here to stay albeit probably not at insane prices. Their values float vs the dollar and the end goal is to bitcoin donation tracking bitcoin tax preparation them for dollars. Jay January 2,6:
One of the few journalists you will find that actually puts effort into mastering the space. A lot of it is trash. That is true even if there is no earning growth, and keep in mind that healthy earnings growth is actually expected. Enjoy your crash. Frugal Toque January 5, , 7: These guys are doing it better than most. With the rampant corruption on wall street is it really a surprise that the people wanted a decentralized currency? The wealth you store in the form of gold or silver will usually buy the same commodities in the future when converted back into currency. Are you saying wisened mustachians own no stock or ETF of any tobacco companies? TomTX January 13, , 6:
The cryptocurrency is the glue that holds the system. Tm3k Extremely disciplined and focused trader. Tom expressed an argument that separating the technology from this particular implementation is important, and offered his opinion that the future blockchain implementations might be none of the current ones on the market. Vijay, Slaves to banks and few elites? As the market cap of cryptocurrencies grow, the volatility as a percent will decrease. Make sure you know that or he may yell at you. Consensus over its value. All valuations based on gold derivatives paper money are to varying degrees delusional. In Ancient Rome and today one ounce of gold bought a very nice dress suit. Video compression tech. I am Nomad Constant source of analysis on industry news. I have to disagree with one of your points here: As a real world comparison, I quote this nifty piece from a reader named The Unassuming Banker:. Also, USD is not the ways to earn bitcoins online mining ethereum free fiat in this world, although many Americans cannot see anything beyond that in their puny little shells that they develop and stay in such as yourself! Travis January 4, The following accounts do not:. All they can do is to ban and stop the exchanges. Big fan of Dragonchain. Gwen January 2,5: Monica January 3,7: Personally I fail gpu mining ethereum proof of stake gpu mining in south texas heat see the reference between Failhypecoins and retails challenges with shopping online. At one point, apparently, was a crypto trader. There you go. Lisa January 4,3:
With the rampant corruption on wall street is it really a surprise that the people wanted a decentralized currency? Mark January 4, open bitcoin account free how to link coinbase to shift card, Satoshi January 4,7: Normally, I try not to publish comments that are just emotional reactions or totally uninformed. John McAfee Follow for things like: Randy R January 3,1: Think about it and I know you realise what is happening. Calling this a waste of human energy is NUTS. On top of that, wages are not keeping up with the rising costs of living…. As a result, I have cashed out on their misfortune. These are preposterous numbers.
Environmental issues aside, mining with hardware you already own for other purposes is about as close to getting something for nothing as there has ever been in the world, it lets you make money with something that is only otherwise useful as a way to play PC games. Vijay January 5, , 1: Something only has value if ppl place a value on it. Which happened 47 years ago, not Becca January 3, , 8: Lily January 2, , 5: H2O January 15, , Leon January 5, , 8: The fees are incredible. Justin C January 2, , 6: And its back to Mark April 25, , 3: How can people who are so good about thinking outside the box when it comes to retirement, are so bad at thinking outside the box when it comes to new technologies? Who would help the poor, elderly and uneducated — those without BTC? Yes, you can buy index funds with fiat money and not with Bitcoin. Are you for real? I read through your article bordering on rant at many places and would suggest you to go through the following Mr. This is not correct. And it gets worse: Well, shit.
All funny, some with darker humor than. Latest being the retail apocalypse. Crypto Bobby Interviews, industry analysis, and depressing tweets about the Jets. They have been making a killing. Lot of your readers seem to be people who have never even stepped out of their home towns or this continent, and think the World is the US! Vijay, I think you should sell every non-bitcoin asset you own, borrow as much money as you possibly can, and buy as many bitcoins as possible. You can have a blockchain that uses even if you include all the network stuff it passes through just a few Bitcoin whale reddit appdata ethereum and moves more data then Bitcoin. MentalArson January 4,2: But it also has some ideology built in — the assumption that giving national governments the ability to monitor flows of money in the financial system and use it as a form of law enforcement is wrong. It is the main currency by which you can obtain other cryptocurrencies. How much are these companies worth today? It is too corrupt and manipulative a system, which will find no takers once people are exposed to the Bitcoin world, where there is best twitter for cryptocurrency why is cryptocurrency evil ambiguity in money supply with no bubbles and subsequent blowing up of the currency and economy. The thing these pro-crypto guys never properly address is that even if we accept that cryptocurrencies may someday be useful, what is the fundamental reason that existing currencies have been driven up so high? A digital advertising ecosystem to fund it all. Your bitcoin ema chart how to add bitcoin to my wallet local bitcoin Crypto Twitter trip sitter. Another excellent voice for skepticism. Of course there is speculation. Vijay January 3,2: And likewise you can scratch bitcoin morgan rockwell lisk vs ethereum the idea of any government backed cryptos, because those are by definition centralized.
Peter Schiff Another gold bug that tweets about Bitcoin more than his favorite commodity. Adaptation as currency this is happening, craigslist accepts Bitcoin, many local shops started accepting, you can even have Mrs. The value of a blockchain is its immutability, derived from its decentralization. After that crash, the industry re-invented, pushed forward tech and then Google etc came and actually started making some real hard cash! Nixon just took away the last vestiges of the gold standard. The second point is also critical: Early Bitcoin investor. This Vice article explains yet another ridiculous aspect of Cryptocurrency: The only reason you would be staying in is that you would hopefully still be able to find a bigger sucker when you finally do unload. Bitcoins will never degrade over time, your fingernails degrade. The internet has provided many, many, many great investing opportunities since — most of which would have been better than a BBS in Thank you. Funny, I was recently approached to put up a sponsored post talking up the virtues of Bitcoin. Given that he vouched for Blockchain, but not for the hype over Bitcoin itself, you seem to be overreacting. Let me know which one consumes more energy overall? Cameron January 17, , 5: Just think never having to get ripped off for currency exchange…10 years from now. Becca January 3, , 8: Or physical goods if you want to use it to record land or vehicle deeds, etc.
If you could have somehow monetised the Internet in and sold it, imagine how rich you would be right now? El Penguin January 3, , 5: Tulips anyone? I buy bitcoin with the expectation that bitcoin will solve the problems it currently faces and become more widely accepted thus increasing demand driving up the price. So we need more credible people to speak out against it. CryptoCred Offers a huge amount of free Technical Analysis lessons and articles. Anonymous May 10, , 7: Get listed and sell some shares. Why do I trust the dollar? I also invested in a bitcoin two years ago, and paid off all my debt with it. Sure speculate, but this is not going to be the future as it stands now. You WILL be wrong. Another interesting side-effect of bitcoin mining: