Antwan17 says "Technology is far from driving the value. People see this as a money making opportunity. None of these cryptocurrencies are being widely adopted".
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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I think we're all passionate about the technology. We're here because it's something we believe in, but the main reason we invest in these tokens is to make money.
I always had a feeling there is a bigger underlying issue when it comes to stock market a market overall. Just like you said “everything bubble”. It feels like people are throwing the towel, they don’t want to be poor, in debt, without job anymore. Crypto is an alternative to fiat, which will sooner or later loses its total value. Fiat is now taking a bit of a breath, but this always happens before the crash. 👍 talk though!
I believe bitcoin is not a scam. It’s just an alternative to everything what is happening today. I would call it as a replacement of fiat. Fiat will end its cycle and new will arise. Speculation is base for any investment. Otherwise it wouldn’t be an investment. Every investor speculate about specific investment. That’s a great comparison”the internet’s early stage”. And it’s still growing. Can you imagine what bitcoin will be like in 15 years?
Well said @louisthomas, I believe that what you are saying is inevitable. As long as there is higher authority there will be poverty. Speculation does play an important role. But the levels have corruption due to which the poor suffer. And I believe cryptocurrency and blockchain technology can dismiss that. So I support this technology and if there is a drawback to this, well then people said internet was of no use in late 90s, but now it is a necessity.
What I am trying to say is there is a good and bad to every thing. It's how we look at it. Thanks a lot for sharing this and I appreciate your efforts.
Technology truly is far from driving value. You see crypto currency investments is a way of making money overnight , but illiteracy of the subject matter is the problem . Talking to 90% of my friends about crypto currency investments but to my surprise they don’t even know what I’m telling them to invest in. To be a successful crypto investor, then one must understand the necessity of risk management knowledge. Thanks for educating and enlightening
The value of any asset will always be speculative as long as there is a seller and a buyer, it is inevitable. The important thing is that the cryptocurrencies can generate real benefits and solutions to the people.
Btw i liked the Cedric's answer, nice collabs.
Both technology and wild speculation contributeda to the value of cryptocurrencies, in technology we used technical analysis to determine the direction of market trends this also help to programmed the computer to perform the task, in speculations this is also related to fundamental analysis, true this you determines which direction and what are the implications. Thank you for this interesting reviewed @louisthomas.
Had you written this while waiting for this video to be posted? I think it took you less than 40 seconds from the time you saw the link to the time when you posted the comment. I even checked it and it's original. I'm honestly amazed.
Great abilities, Mr. Adeboy 👌👌👌
Thanks, is fast fingers on the keyboard
i mean yea, some of the cryptocurrencies will never be used for anything but money investing. however, stuff like POWR has proven that there is use cases for them. I am in it for both the money opportunity but also the technology.
Really true that people are starting to crack. They are tired of poverty. Speculations have its own contribution and technology does too. It is a balanced ground. Then, the point is that the speculations are backed with technological advancement.
Crypto currency prices are purely determined by the sellers “ask” and the market happenings and news floating around in the market…That is why there are so many fluctuations in the prices of crypto currencies because the price is purely determined by sentiments of the market and the sellers “ask” and sellers “reaction” to market news.
Hmm seems like skepticism, but yet, maybe also a lack of knowledge. We know what cryptocurrency is, we know what open value networks are, and people now just need to research a lot about it and realize that this is the future.
They will try to shut us down, but future is here. I hope we will conquer the existing system and make it sustainable to everyone!
Technology helps in the advancement and evolution of crypto currencies , but the decentralization aspect of crypto currencies and the adoption of the masses is what actually drives the price of crypto currencies. The the value will continue to rise in the future it is the answer to a decentralized economy @louisthomas
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We are still in cery early stages @luisthomas.
Mass adoption is what we need.
Well said @louisthomas. At the present time many people are running behind the cryptococcus. And they love to see their future. But cryptocarcation is not allowed in most countries. Because the government of those countries think there is the possibility of money trafficking their country.
I am a bangladeshi citizen. And here is the complication too. there is many people , who are interested in crypto market . They are not geeting the legal permission from government. And we are suffering for this.
I personally think that cryptocarrency can play a significant role in reducing poverty. The ability to trade in accordance with the right idea and at the right time, can play a special role here. I think cryptanacarrency and blockchain technology can eliminate poverty. And it can also work as a trump card.
But I hope that every country's government will approve it very soon. Thanks a lot for sharing this and I appreciate your efforts.
most of the people dont know how to invest and get successful, even i also dont know properly.
technolpgy first but we are not at all,thats a big problem bro
Only 8% of people in America have adopted cryptocurrency a report from cnbc, you can check the link here.
https://www.cnbc.com/2018/03/16/why-just-8-percent-of-americans-are-invested-in-cryptocurrencies-.html
I agree with Antwan17 about the speculation
That's actually a lot of people.
Yes amongst so many more
I really like the fact he states about being cautious. A healthy amount of cynicism is necessary for all traders.
So knowledgeable video you brought today. I am something learning in your content.
All the best
So because there is an “everything bubble” that mitigates the potential danger of the crypto currency bubble ?
First of all there is not an everything bubble. A bank stock which pays a 4% dividend and has price earning ratio of 10 is not part of a bubble even if at its all time high . Gold and silver have been in the Doldrums.
For every two of you fellows ( who actually understand this stuff) there are 1000 “investors” in crypto who know next to nothing about their investment. (I freely admit to being in this majority). I submit that no other marketplace is populated by such ignorance. This makes this market more prone to hype than any other.
Your opinion will definitely affect their decision
Blockchain is the technology which powers cryptocurrencies. It is a revolutionary technology which promises to transform in a fundamental level the underlying infrastructure of many industries. Companies whose business model relies on solving complex logistical problems are at the most risk of being displaced by this technology. For instance, the role of banking as a money transmission system can now be easily replaced by a single blockchain-based protocol