from 3.50 huh, then you've been around for over a year i suppose ... well, from my shiney, always positive, sunny point of view with my half-empty glass id hope to say there wont be any days ahead as shitty as the worst i had lol ... but id almost be scared to jinx it hah
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funny it's all relative if you think about it when you want to earn coins it's easier and faster ei 1$=1coin when they are low but as the value rises the less coins you will earn like 3.5$=1coin so we are still in an interesting stage :)
it's not that different from Forex Trading really its just the gaps are ... i dont know
unseen unless theres like a war or lehmann brothers going on, other than that thats what currency is
until the value of everything is expressed in energy units , which would be like the total amount of energy expended to calculate the value like that lambo the bling boy wants sits in the vitrine
it cost x energy in manpower, y in machine power, z electricity, etc logistics blablabla, you're an intelligent person i'm sure you see what i mean
thats when currency would hold one true value but now it's an asset
it depends on a lot of combined local and global factors, there's plenty
the notorious mister Dotcom if i'm not mistaken who made their first real money trading classic currency one for another
thing is cryptocoins arent currency, they're still goods and i have no idea why everyone is in such a rush to get them accepted as currency
it would crash the market worse than 2008 lol
it's all about the zeroes man, not the ones, you know if you can invest six zeroes and i can invest one my money might go from 53 to 63 dollar in a day
but yours from 53 MILLION to 63 MILLION, when it comes to that there's no difference between this and wall street
i hate to cut this short but the natives are on the tribal routine again, its in everybodys best intrest i stick to my time schedule here ...
in that respect of course they are very similar markets the difference being that all these commodities are all relatively new and unknown in general most people might have heard about but still very few know anything about the other coins or " tokens" which is even more confusing for some.
It's quite simple i think that if it has a usage or purpose it has value. Most of the resistance comes from generations that do not use the internet for information and rely heavily on the TV to be brainwashed by the wants and wishes by their patrons right? it's ultimately an entertainment business after all.
As the new generation and older generations (you know, how do you collect from the guy in timbucktoo so you can send the motherboard were talking money exchange and then transferring and costly and you were never sure they even got it, have to wonder how anything got done it's was always a hassel) of internet users have needs for exchanging monetary values internationally they ran into huge road blocks then came internet money Bitcoin solved all those problems. Of course the governments, banks and institutions not really happy because they can't hide their money, every coin is accountable for :))
they will have theirs soon enough, i'm afraid ... i'm still not sure the hype where "wall street will bring trillions to planet Crypton" is so cheered on by everyone, just like as i said why everyone wants to have it accepted as a currency, it's WAY better if its barter.
I was cut short yesterday as i heard the sound of tribal drums lol. I think wanted to say just one more thing like
megacorp is sitting on pools of i suppose trillions of dollars, i doubt anyone officially knows and they make more money shovelling and shifting this, with whatever financial trick or loophole their 20k suit-lawyers can get them and whatever HFT algorithm their cooped up ivory tower hacker genius on the top loft of that 60 floor building can cook up than they do with actually producing or innovating , its one of the main problems of todays economy but the measures taken
for instance when mr. Draghi here in europe pushed the intrest rates to near zero the only people who felt that were ... well, you know who ... because corporate trillions don't really USE bank savings accounts, right ? their money never sits still, but money for money gets no one anything but the whale (i think we might have a new book of proverbs soon enough, the lost chapter of the crypto bible hahah). And the actual effect so far ? Generation babyboom mostly doesnt invest and they spend LESS because they get less so the effect is averse bottom level, but the amount of money there , even if its billions of people vs. a few megacorp that matter probably doesnt even compare.
Meanwhile up there, if they take just one billion and "noise"-trade on hft-algorithms making sure they stop-out sharp when it breaks out of a zone, the amount of money they get increases dramatically (since its all about the zeroes hahah) but there's actually nothing more
there's zero added value, they just have more to spend, which is totally weird, but no more than creating BTC out of thin air i suppose so i dont see why people like warren buffett are so opposed against it, its the same thing :D
imagine the value of things being expressed in energy units , then think of the value of one mined BTC back in the days when satoshi and his merry men were developing it in obscure chatrooms, versus the value of one mined BTC today (in said energy units ), that would be already beyond the moon
they can scheme ,plan, plot all they want but all it really takes is one little great idea like bitcoin. warren buffett the biggest rat poison pusher on the planet since the 1886 still wants you to invest your money with him, he's lost billions by the way and he blames crypto for his short fall you know where did the money go?. seems nobody wants to drink cocacola anymore LOL. The dentists all love him nobody EVER single handily made more customers than cocacola for them, let alone all the health issues related to consuming his rat poison. How many toothless, obese, diabetics has his rat poison produced. He should pay the bills for every man women and child who suffered from consuming his moneymaking juice but i still like to drink the sugarless with lots of ice .