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Investment banks are wrong all the time.
But that doesn’t mean they are wrong more than they’re right. Or that you should just throw out whatever they say.
The thing in that article that jumped out at me was his comment that all cryptos are highly correlated, and this is cause for concern.
I should have known it would tank when I saw the show shine boy indicator flashing red a few weeks back.Comment -
I go a lot further than you do in discrediting the banking industry. You can throw out the opinions of those involved with banks. Bitcoin is a direct threat to banks.
Sports gambling, stocks and cryptos are three totally different gambling markets with the exception of the regulated bitcoin futures market although the futures market isn't affecting the price.Comment -
I only caught about the last half on the senate hearings yesterday but I got the feeling most in the room were pro-crypto and pro-cryptotech. It was really good to see. It only makes sense that the United States would take this position - we're a nation of capitalists and tech lovers.
"Give me your tired, your poor, your s**t coins....."
If all these other countries want to get out or prevent their citizens from investing, let 'em go. The US, Western Europe and Japan will pick up the slack, IMO....it might keep the market depressed for a long time but you have to think the block-chain technology is here to stay....
It's a market where unsubstantiated rumors can send the market rising or plunging on a whim. The gambler in me loves the volatility but even I am hoping for a little stability to ground things for a while..... Whether that's at 8k, 10k, 12k or whatever - just a little stability so some of these alt-coins have a chance to grow on their own....Comment -
Binance is down
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Ripple was crazy overvalued at 3 bucks plus though. Made a little shorting that shit and I had a lousy base price of 13,700 Satoshi. If you shorted it when it hit 20,000+ Satoshi, you coulda made a killing. I wouldn't be surprised if it went back to 4,000 Satoshi or less even.Comment -
got a big winner from the group im in coming this week...
it just dropped on exchanges and could be a BIG winner , long term holdComment -
Do you guys think the Lightning Network will be up this year and should that run up btc value?Comment -
whenever people say binance is down I get right in lolComment -
Grease, there is some controversy about the true meaning of the Lightning Network, more than some here will care to admit or even realize. Sorry but I'll leave it at that.
And as for your post in reply to the mortgage paperwork efficiency, you clearly do not understand anything about the difference between "blockchain" technology, vs. the cryptocurrencies.
Nothing personal. You just should stop posting in this thread until you become knowledgeable.Comment -
Today is the first day I've seen BCH move in the opposite direction of Bitcoin since they got on Coinbase. BCH made a decent move up.Comment -
I wrote "Someday blockchain is going to speed and cheapen transactions up".
I think you just prefer to argue. Top 3 results in Google.
3 ways blockchain could transform real estate in 2018
Blockchain in commercial real estate
Blockchain technology threatens the middleman in real estate transactions
There are a number of real estate centric blockchain applications ... the one I'm most familiar is Propy (token: PRO)... Propy integrates blockchain ledger for the governments to make title deeds issuance for your property instantly online, secure and cost-effective.
I know some people, smart people, who are evangelical about PRO. I don't know if they have an official relationship with Propy. That said, they shill so hard I'd say they're more passionate about its price than the product, which to me is off putting.Comment -
Absolutely, assuming all goes as planned I think "faster & cheaper" is obviously a good thing, hopefully it helps create more use cases for Bitcoin other than being a stored value, ie 'more transactions' whether they are for purchasing goods or just sending money back and forth.
I truly believe we are still in the "toddler" stages of all this crypto and the guys who hold on for dear life are going to come out in MUCH higher income brackets, will the road to riches be paved smooth? hell no, but if you watch the market closesly you can see almost daily/weekly progress, they are overcoming obstacles, more businesses/retailers are coming on board, more chatter from celebs, and other media personalities, and the list goes on and on...much more good to come in the next 1-2 years imoComment -
Someday, yes, I can see where it could make things more efficient, and speed things up some. But as long as the govt is involved and everything is getting bought up by Fannie Mae it will be fraught with red tape.
I am not in the mortgage business, but I have a lot of experience in holding people’s hands through the process and it seems like there are always hurdles that come up and prolong the process because the underwriters need some stupid verification to fit the loan within Fannie/Freddie guidelines. Fuk even portfolioed loans with big banks have similar guidelines and dumb shit comes up.
And these hurdles are always after you think the loan is good to go and on time to close, and the jndwrwriter is like “hold up, I need proof of a $63 deposit the IRS made into your bank account two years ago for your refund, to prove you filed. Normally we only need the signed tax return to prove it, but since you filed an extension we need proof of the $63 deposit”. Like whaaa?
Seriously, it is dumb shit like that all the time and it is always something different. There seem to be countless “one-off” hurdles that you have never seen before and will probably never see again. Always something different.
Blockchain may help, though, one day. I am not an expert on Blockchain and I am literally the most negative person on the planet when it comes to mortgage underwriting. I fukking hate it.Last edited by grease lightnin; 02-08-18, 03:23 PM.Comment -
https://www.housingwire.com/blogs/1-...ckchain-primerTechnologies like blockchain have the potential to change the game in the financial services industry by not only speeding up and providing complete visibility into financial transactions, but also significantly reducing costs.Comment -
With everyone expecting another BTC dip, is now a good time to sell? And then buy back in a couple of days/weeks?Comment -
Don’t try to trade his thing you’ll go brokeComment -
You should invest all your money in bitcoin and ethereum and you can retire in Costa Rica in a few years.Comment -
Can we get a line for when this thread will hit a million viewsComment -
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