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Most definitely not the point I was hoping the market would be at around now of this yr but why are we in house fighting?
This is one of the few threads I expected would remain civil and positive unlike the rest of PT that's reserved for sarcasm and trolling
Come on fellas, let's keep this one classy. Everyone was super team captain during the rise when it was easy. Times like these make or break true grit.
Let's stay focused and save the subjectivity for dumb threadsComment -
Live stream up should start soon.
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I hope bitcoin drops to $1. It needs to be lower to stabilize imo.Comment -
Analyst summarizing:Live stream up should start soon.
CFTC chair giancarlo sounds bullish
1) his kids not interested in stocks but hooked into crypto, govt should respect that and dev a positive outlook ( !!!)
2) crack down on fraudsters and scams ... SEC/FINCEN/CFTC teaming to identify scams in the space (that actually makes me nervous - to me that's what speech to lay groundwork for regulation sounds like)
3) when asked if crypto has any 'intrinsic value'? A: there is an intrinsic value and relation of the value of bitcoin and the cost of mining it.
4) Price of BTC is just one publicly traded company like McDonalds ... in comparison, global money supply is $7.6 T ... and since Bitcoin has been compared to digital gold, vlaue of all the gold in the world is $8T
"We owe it to this new generation, to respect their interest in this new technology with a thoughtful regulatory approach"
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• Middle of all this Senator Brown was bashing banks, a topic unrelated to discussion. Apparently banks have 80+ violation in recent months.
• # of times drug dealing mentioned = 0
Venezuela Petrocoin and Cryptoruble (and North Korea) were discussed - seen as ways countries could skirt US sanctions. SEC chair says not much the can do about that.
Emphasizing they do not want to shut down innovation in crypto.
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Doesn't seem like any nukes were dropped today so that's good, crypto needs all it can get today.Comment -
^^^all good stuff....after this correction we should see a good 2018!Comment -
Roubini was expecting Congress to slap down crypto - that did not happen - and crypto, particularly alt coins have shored up in price since that article was posted.
Thanks though.
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In November, ‘Dr Doom’ warned that the cryptocurrency will become so regulated that it would “find its end.”
Stick to interest rates, Dr. Doom.Comment -
Dr. n00by rhubarb should stick to anything other than trying form an intelligent opinion on basically anything, look at all his horrible predictions on Twitter, he would fit in well with some of the handicappers here because his approach is to 'throw sh*t at the wall and see what sticks' LOLComment -
This crypto market tanked cause big boys dont want money to go to taxes
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They really are on the upswing after that!Comment -
Problem with this idiotic logic, many investors have had 10x, 100x 500x growth, you're assuming because he or everyone else still owns coin nobody has taken profits. Someone is making all of these sells. But please continue giving advice from the guy who is butt hurt he missed the boat. Any way you shape it cheering for others to lose money because you're bitter is loser behavior.Comment -
2 coins i LOVE at the current price i just bought a ton more...
ETHOS on binance...
easy $10+ coin already up almost $1 since i bought this morning
and Trinity Network TNC .. predictions for $10 in 24 months, raiden network for NEO
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you can only short bitcoin on cme and cboe exchanges usa
You need lots of capitol also
margin requirements very highComment -
😂😂😂Comment -
Just got through transferring a bunch of alt-coins to a Trezor. Binance wanted ~$7 to $8 for each transfer payable in the coin itself. Cost me around $45 USD to transfer 6 coins.
Kucoin, on the other hand wanted just a $1 or $2 to do transfers with one exception @ $4.
Binance sure making the money, eh?
So, most everything in my desktop wallet and the Trezor, now.... Just 14% still out on the exchanges.... One less thing to worry about as I go into deep hodl waiting/hoping for some of these coins to regain their former glory...Comment -
Kucoin is a A+ exchange.Comment -
I like ETHOS too.2 coins i LOVE at the current price i just bought a ton more...
ETHOS on binance...
easy $10+ coin already up almost $1 since i bought this morning
and Trinity Network TNC .. predictions for $10 in 24 months, raiden network for NEO
https://coinmarketcap.com/currencies...etwork-credit/Comment -
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We're climbing backComment -
Most cryptocurrencies are likely to fail with their value falling to zero, Goldman Sachs said in a note, comparing the current market to the "internet bubble of the late 1990s."
Steve Strongin, head of Goldman Sachs global investment research, said in a note dated Monday, that cryptocurrencies don't have "intrinsic value" adding that it's "unlikely" whether any of today's digital currencies are likely to survive in the long run.
"People seem to be trading cryptocurrencies as though they're all going to survive, or at least maintain their value. The high correlation between the different cryptocurrencies worries me. Contrary to what one would expect in a rational market, new currencies don't seem to reduce the value of old currencies; they all seem to move as a single asset class," Strongin said.
"But if you believe this is a 'few-winners take-most' situation, then the potential for retirement depreciation should be taken into account. And because of the lack of intrinsic value, the currencies that don't survive will most likely trade to zero."
The Goldman research note comes after a violent sell-off in the cryptocurrency market over the past few days, which at its lowest point on Tuesday, saw over $550 billion of value wiped off the market. Bitcoin even dipped below $6,000 for the first time since November.
Strongin calls the current period of cryptocurrencies an experiment and compared it to the internet bubble of the late 1990s. He said that very few companies that existed then went on to become even more valuable. Both Googleand Amazon did but in a "completely different form," he added.
"So, are any of today's cryptocurrencies going to be an Amazon or a Google, or will they end up like many of the now-defunct search engines? Just because we are in a speculative bubble does not mean current prices can't increase for a handful of survivors," Strongin said.
"At the same time, it probably does mean that most, if not all, will never see their recent peaks again."
Goldman's head of investment research said that the underlying technology behind cryptocurrencies called blockchain, "clearly has a role" in improving the ledgers underlying financial transactions.
Goldman has previously poured cold water on cryptocurrencies as an investment. In October, the investment bank released a note saying that bitcoin is not the new gold.
Other commentators have also cautioned on cryptocurrencies. Noted economist Nouriel Roubini, also known as "Dr Doom," said Tuesday that he thinks the price of bitcoin would crash to zero. And legendary investor Warren Buffett told CNBC in a recent interview that cryptocurrencies will "come to a bad ending."
Cryptocurrencies rebounded on Wednesday though many were still off their all-time highs. Still, experts told CNBC that the cryptocurrency market as a whole could hit $1 trillion this year.
https://www.cnbc.com/2018/02/07/most...achs-says.htmlComment
Love it so many losers in love with bitcoin providing liquidity for my trades , appreciate it a lot
