- Impact
- 1,235
I see it so in the coming summer
@deez007 I just read the $300 by end of July Prediction. Its at $151 today. General question for you and anyone else investing in this. If you might enlighten me. As you state more ICO's diluting the markets, this is unregulated and say what happened if the market could flood with 10 new coins a week, how do guys handle that? Are you all traders and pure speculators? Charters? Buy and Hold?
Bitcoin is the first and highest valued now. However a fraction will sell off and go to another coin. The other issue is I saw a chart where the vast amount of Bitcoin is held by few. Seems precarious to have that.
I love the concept and wider growth of non govt currencies and do not own any yet until I see stabilization and wider acceptance.
Crypto and domains have zero correlation. That said, the market isn't correcting. The issue revolves around the possibility of bitcoin splitting into 2 coins. It's uncertainty amongst investors which should be resolved in August.
"Most domainers" don't matter. They're a drop in the bucket amongst the $100 billion crypto space.i disagree. there are lots of domainers that have move to cryptos. we just need to look at all the hype. seeing domainers talking about cryptos like professionals and how easy is to make money on it, and without the fees and hassles of domains, and how this technology will be revolutionary almost like magic just at next corner is sufficient to know that we are in a bubble. and money always move to somewhere.
notice that I am not actually making any causality between markets. there are very few correlations in human based markets that have stood the test of time. probably it will be coincident factors. a market that has stayed low for a fair time and some money that will come from another market (cryptos).
Thanks Deez. I see. Bitcoin is a long term for you, Ok. What about the major "owners" selling all at once? Isnt it true that most is controlled by a few? Or was what I read incorrect.
one thing about crypto is that it even when the market is down...the only people who lose money are those that sell during a down market.....if you wait it out and hold then the market tends to recover very quickly... compared to other markets.
Couldn't be more wrong. Bitcoin is actually the most unstable coin. It's not a business, it doesn't solve any problems, transactions are painfully slow...it's most likely going to implode.this is the classic example of delusion and the worst advice that can be made. newbies beware...
most people are not prepared to trade a hyped market like this. the potential is great but the future is not linear not even by a long shot. the best analogy is too look at this as to what happened on 2000 in the dotcom bubble. lots of people hold stocks and saw them go down trough 3 years. it was painful and a hard lesson.
with cryptos the risks are even higher because there are lots of problems still to be solved and new cryptos and ideas that can come to the market and render a coin/blockchain useless by the "new thing".
Bitcoin is the only coin that has cemented is position in the market because it was the original one, stayed until today, and has a simple objective: to be a store of value and means of payment, that is, to be currency or money.
one simple risk that this technology as a whole has, and that almost everyone seems to forget - probably blind by the easy money, and the bright future ahead - is that it can *and it will* be replicated by private organizations.
Ethereum is the other infrastructure that will probably resist the test of time, but not before traversing a period of uncertain and bumps.
"Most domainers" don't matter. They're a drop in the bucket amongst the $100 billion crypto space.
this is the classic example of delusion and the worst advice that can be made. newbies beware...
most people are not prepared to trade a hyped market like this. the potential is great but the future is not linear not even by a long shot. the best analogy is too look at this as to what happened on 2000 in the dotcom bubble. lots of people hold stocks and saw them go down trough 3 years. it was painful and a hard lesson.
with cryptos the risks are even higher because there are lots of problems still to be solved and new cryptos and ideas that can come to the market and render a coin/blockchain useless by the "new thing".
Bitcoin is the only coin that has cemented is position in the market because it was the original one, stayed until today, and has a simple objective: to be a store of value and means of payment, that is, to be currency or money.
one simple risk that this technology as a whole has, and that almost everyone seems to forget - probably blind by the easy money, and the bright future ahead - is that it can *and it will* be replicated by private organizations.
Ethereum is the other infrastructure that will probably resist the test of time, but not before traversing a period of uncertain and bumps.
Sounds like a correction to me, no matter how the correction is brought about doesn't matter, the price of most crypto currencies has stopped moving forward (up) and is searching for a sustainable direction (the forks) until crypto finds it's way investors will exit crypto and put their money in other places like domain names. (personally) The domain industry is already seeing some of this crypto money flowing in to swoop up some pretty good deals before prices creep back up, and it's my guess some of that money will go into crypto domain names, because once the correction is over crypto currencies will be huge again.Crypto and domains have zero correlation. That said, the market isn't correcting. The issue revolves around the possibility of bitcoin splitting into 2 coins. It's uncertainty amongst investors which should be resolved in August.
Couldn't be more wrong. Bitcoin is actually the most unstable coin. It's not a business, it doesn't solve any problems, transactions are painfully slow...it's most likely going to implode.
On the other hand, hundreds of other coins are backed by real business. They solve problems or bring new products into the market. Crypto currency and the ico way of fundraising is really the new stock market. Get used to it
So deez, this is sorta like Forex currency trading too.
Institutions and mutual funds control en masse individual stocks in a similar way. But they (institutions) don't sell off daily.
It's going to be interesting to see what occurs with the new coin also-rans if they survive. That and banks and businesses accepting this formally.
I assume you own both btc and eth, right? Getting in earlier on Eth seems smart. I hope you guys do well in this. Like a few credit card companies, there will really probably be only a couple that gain business acceptance.
No offense but you don't understand what crypto coins are about. To say bitcoin has a purpose is incorrect. It was the first crypto coin to market but there's nothing behind it. On the other hand, there are tons of real businesses that are simply choosing to fundraise via the ico process vs traditional methods. These are the real players to watch out for!i disagree again. it is the only one that has a track record and a simple purpose. and a core one.
are you one of those that think Ethereum will solve the world? that we will be running the Web on top of Ethereum?
Ethereum is bringing much more challenges to this space than Bitcoin because it can be used to do many things on top of the same infrastructure.
but to fully understand these problems and their deepness you need to be more tech savvy. it is not sufficient to read news. has anyone looked to the protocols in a technical perspective? does anyone even understand cryptography and how it works? or distributed networks and distributed consensus? not likely. but there are experts everywhere.
Well if you insist I stay on track, no problem. Domain trading might have a few people invested in both. But I would be surprised if it were the majority. I would say these are completely different animals. Not to be disrespectful, but comparing the two seems reading XYZ and Whateveregistry advertising. XYZ= bitcoin false propaganda.and this thread is again slipping from its original purpose.
Really? So alternatives to VC and crowdfunding schemes? Where do you read about this, I would like understand this more. Thats news to me and interesting concept, creating your own "fund" unregulated to capitalize. Wow.there are tons of real businesses that are simply choosing to fundraise via the ico process vs traditional methods. These are the real players to watch out for!
Exactly right. In fact, there are coins like cofound.it that specifically cater to the vc side of the crypto space!Really? So alternatives to VC and crowdfunding schemes? Where do you read about this, I would like understand this more. Thats news to me and interesting concept, creating your own "fund" unregulated to capitalize. Wow.
While the concept is really great, and goes against traditional VC control they exert in Silicon valley (I like that) one needs to be really careful, like penny stocks being hyped as new coin ICO scammers will masquerade within new currencies. Not for me, but younger people could be great way to start a legit business outside of the usual circles of power and influence.Exactly right. In fact, there are coins like cofound.it that specifically cater to the vc side of the crypto space!
This is way better than a few venture capitalists controlling a business. The ico method puts the control in the hands of many who see a possible reality. When more investors enter a project as it evolves you gain stability.While the concept is really great, and goes against traditional VC control they exert in Silicon valley (I like that) one needs to be really careful, like penny stocks being hyped as new coin ICO scammers will masquerade within new currencies. Not for me, but younger people could be great way to start a legit business outside of the usual circles of power and influence.
I read some of that cofound website. Interesting, thanks for informing me. Looks like a great idea.Exactly right. In fact, there are coins like cofound.it that specifically cater to the vc side of the crypto space!
They had 3 projects slated to launch under them before they raised a dollar.I read some of that cofound website. Interesting, thanks for informing me. Looks like a great idea.