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Replies: 25
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CU Medallion [59978]
TigerPulse: 100%
Posts: 22472
Joined: 5/24/17
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SHIBA SHIBA
Oct 27, 2021, 2:19 PM
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who else jumped in? Hubba hubba.
I am nervous and will pull out. Just like always in life.
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Oculus Spirit [79400]
TigerPulse: 100%
Posts: 63266
Joined: 10/30/05
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I dumped all my ADA last week and have been thinking about
Oct 27, 2021, 2:21 PM
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it. I got burned by doge fairly bad this spring though, so I'm on the fence on whether to put all of that into Solana or roll the dice with the shib. There are going to be A LOT of bag holders somewhere down the line.
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Oculus Spirit [81628]
TigerPulse: 100%
Posts: 47097
Joined: 3/18/07
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Enjoying my 900%, but annoyed I only gambled $100 on it.
Oct 27, 2021, 2:21 PM
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Might as well hold onto it and hope it gets to $1 like Dogecoin, right?
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Oculus Spirit [81628]
TigerPulse: 100%
Posts: 47097
Joined: 3/18/07
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Well now it's 1040%, what on earth.***
Oct 27, 2021, 3:24 PM
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Hall of Famer [20569]
TigerPulse: 100%
Posts: 8610
Joined: 10/27/00
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Put two fiddy in it last week***
Oct 27, 2021, 2:41 PM
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Lot o points [155652]
TigerPulse: 100%
Posts: 65723
Joined: 5/6/13
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I’m waiting on PROG to go to $12 then dummmmmp.***
Oct 27, 2021, 2:54 PM
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Hall of Famer [21557]
TigerPulse: 100%
Posts: 13911
Joined: 9/7/02
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Should I buy in now?
Oct 27, 2021, 2:58 PM
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Holding XRP and some others.
Thinking about jumping on the Catgirl train.
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Oculus Spirit [81628]
TigerPulse: 100%
Posts: 47097
Joined: 3/18/07
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Where's John.
Oct 27, 2021, 3:01 PM
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JohnFBell recommended one that is now at 50%  . Alchemy or whatever.
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Lot o points [155652]
TigerPulse: 100%
Posts: 65723
Joined: 5/6/13
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Lol. His biosci stock rec took a dump too.***
Oct 27, 2021, 3:14 PM
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Hall of Famer [20569]
TigerPulse: 100%
Posts: 8610
Joined: 10/27/00
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At this pace, it'll drop a zero tonight***
Oct 27, 2021, 3:22 PM
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All-In [31370]
TigerPulse: 100%
Posts: 10149
Joined: 1/28/15
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Re: SHIBA SHIBA
Oct 27, 2021, 3:26 PM
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Maybe I’ve got a Boomer mentality on this stuff, but I see crypto the same way I see NFTs, I just cannot grasp how something intangible with no inherent value can ever do anything but become valueless overnight at the drop of a hat.
Can someone ELI5 why crypto has any worth? And yeah, I get value is just what someone else is willing to pay for something, but like... this stuff is invisible and doesn’t even exist
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Oculus Spirit [80991]
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Joined: 9/13/04
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Its really no different then cash
Oct 27, 2021, 3:32 PM
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We think its worth something because we say it is.
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Oculus Spirit [79400]
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Joined: 10/30/05
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Smart contracts and the ability to exchange money
Oct 27, 2021, 3:40 PM
[ in reply to Re: SHIBA SHIBA ] |
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across different currencies/borders/platforms for basically free. I don't really see the value in NFT's, though I could be missing something. However, I think there's huge value in being able to cut out middlemen like Visa, and having the ability to almost instantly send payment to someone in say, Taiwan, for almost no cost.
For instance, my company has issues fairly regularly sending ACH transfers due to bank limits. Sending crypto over the lightning network, where we could either hold bitcoin or immediately transfer to dollars solves that problem. The transfer happens quick enough that if you transfer back to dollars price volatility is not a concern.
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All-In [31370]
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Re: Smart contracts and the ability to exchange money
Oct 27, 2021, 4:01 PM
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Can you just sell bitcoin or exchange it for cash that easily though?
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Oculus Spirit [79400]
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Joined: 10/30/05
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Oh yeah, strike will even automatically convert it to
Oct 27, 2021, 4:13 PM
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whatever currency you want. So Mr. Ngo sends you an invoice from Malaysia or something, you pay it in dollars, strike will automatically convert your dollars to bitcoin to make the exchange, then it will show up in Mr. Ngo's wallet as whatever currency he chooses.
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All-In [31370]
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Re: Oh yeah, strike will even automatically convert it to
Oct 27, 2021, 4:23 PM
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And the purpose of this is to avoid fees on a wire transfer or currency exchange? I suppose that makes good sense
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Oculus Spirit [79400]
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Speaking strictly in regards to bitcoin/ethereum and some
Oct 27, 2021, 4:36 PM
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others out there yes that's the big draw IMO. There are definitely some worthless crypto coins out there and shiba looks like one of them.
I think blockchain will be widely used to store and secure data though, everything from property titles to healthcare data.
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CU Guru [1059]
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Joined: 1/14/11
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Re: Smart contracts and the ability to exchange money
Oct 27, 2021, 4:05 PM
[ in reply to Smart contracts and the ability to exchange money ] |
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I lurk here a bit and have spent my entire career in financial services. My .02 on Bitcoin/Crypto....
Many have made tons of money playing/trading crypto and good for them. IMO it is pure speculation and that is it.
Someone made a comment above that it is really no different than cash. I disagree 100% on this. First we can use cash to purchase 99.99% of goods and services that our economy provides. You certainly cannot do that with any form of crypto. I ask.....is crypto really a currency or is it just another speculative type of "algorithm"/investment that one can make? Not sure of the number but how many Bitcoin are in "circulation" today and what % of those coins are used daily to purchase goods/services? I bet that number is a fraction of 1%. So again if that is the case......is crypto a speculative investment or a currency?
Also.....no way that crypto is "no different than cash" and we hope it never is. Can you imagine if cash (US Dollar) was worth $1 today then we wake up tomorrow and it is valued at .90 then up to .95 then down to .85, etc. Our economy would collapse in no time.
Finally, IMO look for gov't to increase regulations on crypto in the near future. What that does to the value I dont know but its a game I dont want to play in. Give me stocks, real estate, etc and I will take my chances.
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All-In [31370]
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Re: Smart contracts and the ability to exchange money
Oct 27, 2021, 4:06 PM
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This is my gut feeling on it
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Oculus Spirit [79400]
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Have you taken a look at what your cash can buy compared to
Oct 27, 2021, 4:22 PM
[ in reply to Re: Smart contracts and the ability to exchange money ] |
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last year? We're not so far away from waking up and your $1 being worth $.90. The more the money we print, the worse that problem potentially gets.
IMO it's much more than just a currency or speculative asset, it's a base layer than can potentially streamline how we conduct financial transactions. If you can eliminate an intermediary like Visa by ensuring that A) your transaction is processed rapidly and B) It has a predetermined outcome that doesn't need verification by any outside entities you can greatly reduce the time and cost of doing business across the world.
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All-In [34533]
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Posts: 41379
Joined: 4/20/01
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yep***
Oct 27, 2021, 4:44 PM
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CU Guru [1059]
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Joined: 1/14/11
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Re: Have you taken a look at what your cash can buy compared to
Oct 27, 2021, 5:01 PM
[ in reply to Have you taken a look at what your cash can buy compared to ] |
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Lake....i am fully aware of inflation and it is and will be a problem.
That being said....your example of crypto/Bitcoin going up and helping hedge against inflation. The same can be said if one owned Apple, Tesla, Google stock, etc.
You simply took USD to buy crypto. I took USD to buy stocks. Same effect vs inflation.
So again....is crypto really a currency or just another investment like my examples above.
In your example.....assume 5% inflation yearly so my $1 USD essentially has 5% less purchasing power in 12 months. Not ideal. You take your cash and buy BTC and a year later BTC goes down 10% (BTC fluctuates) so you have -15% less purchasing power. Really not ideal.
IMO....crypto has much more in common w stocks than it does USD.
Now wait for US Govt to regulate crypto....is that good or bad for price of cryptos?
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Oculus Spirit [79400]
TigerPulse: 100%
Posts: 63266
Joined: 10/30/05
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If I’m using it as a platform for financial transactions I’m
Oct 27, 2021, 6:16 PM
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I’m not really concerned with price volatility, I’d probably be converting most back to USD unless I wanted to hold some Bitcoin on my balance sheet. In which case I guess it’s acting a lot like currency and stocks simultaneously. This is basically what Tesla was doing earlier this year.
Depends on how heavy handed the regulation is, I think more clarity will be good for more widespread adoption. I think China has been the proving ground that you can’t ban it, so it’s better to regulate and grift tax money from it like they do everything else. Increased adoption, which it’s already growing at pretty rapid pace globally, will certainly help drive the price up.
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Oculus Spirit [85126]
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Posts: 24872
Joined: 5/21/14
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Coworker talked me into AVIR
Oct 27, 2021, 3:34 PM
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Started off hot but now I'm down 4% or about $25K. It will come back though.
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Oculus Spirit [80991]
TigerPulse: 100%
Posts: 56065
Joined: 9/13/04
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110%er [6692]
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Posts: 6139
Joined: 10/6/21
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Re: SHIBA SHIBA
Oct 27, 2021, 4:47 PM
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I don't like this topic, because I am not in. Sucks
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Replies: 25
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