Ha! We certainly do live in 'interesting times'.
On a more technical point, could the fall of bitcoin totally rupture all logic, so that it's actually worth a negative amount?
You are viewing a single comment's thread from:
Ha! We certainly do live in 'interesting times'.
On a more technical point, could the fall of bitcoin totally rupture all logic, so that it's actually worth a negative amount?
Great idea & sign me up if it happens :-)
You had me up to the point where you believe that Bitcoin has a future 😂
I also believe in what you are saying and the market will quickly rebound, but Bitcoin is a dying technology that has done a lot for making blockchain technology known, but it´s slow, expensive and has no other use than sending funny money from A to B. I like to invest in technology that has a real life use for people. Like STEEM and EOS. Will BTC rebound - I guess so - but its real problems will still be the same.
The market has to become independent from BTC as soon as possible and the only way to make this possible is, that the exchanges start to offer alternative trading pairs.
I agree.
BTC is "dead" ie it's a 1st gen coin. It has paved the way.
It's going to be an interesting year.
Yeah, what we need is a better gateway currency into and out of crypto. The thing is, that I´m not a big believer into the "currency" part of crypto. For that to happen, there would be the need for less volatility and it would need to be a consensus about some crypto"currency" that is widely accepted - something even BTC didn´t manage to do over the past years. XRP is - as you rightly say - a trojan horse by banks and large corporations to come through the backdoor - nothing I´d like to support.
For me Crypto is basically the possibility to invest in interesting startups and much more like shares than currency.
Since I don´t demand to pay my coffee at Starbucks with my Apple shares, why would I pay there with crypto (also I would have to wait for an hour for confirmation and pay a 30USD fee for the transaction to miners, if I´d like to pay with BTC)
Gold backed crypto (or fiat backed) is already a reality with the smart cash system at bitshares - but nearly nobody is using it (or only very few)
For 6000+ years gold has been the basis of trade.
& Silver is the daily 'token' (to buy bread & milk)
So the question really is "What is money"?
Simply an easily transportable item to exchange for something else.
Steem is also a work/effort<>reward system = good thing.
If this is the case, will everybody be forced to pay for Bitcoin, even if they don´t want to buy or hold it? Imagine waking up and realizing, that you got 5 BTC in your wallet, that you don´t have bought and you have to pay for it, even if you don´t want it, just for holding it! This is where this is heading! 🤔
More that anyone holding bitcoin would now need to pay money to actually get rid of it. I guess I was thinking about negative interest rates and the like.
Do you think it will drop much lower I was thinking maybe 5-6k then it will go back up.
Considering it's at $6,451.06 right now, I wouldn't like to guess. Depends what effect the general stock-market rout has on it.