cb25
Posts: 3,523
Likes: 2,666
|
Post by cb25 on Mar 20, 2018 10:00:17 GMT
Bit of news: "President Trump bans deals in Venezuela's crypto-currency" www.bbc.co.uk/news/world-us-canada-43466465(edit: added 'Bit of news' to make it clear I'm not offering an opinion of whether this has positive/negative/no impact on crypto in general)
|
|
|
Post by skint4achange on Mar 20, 2018 14:13:35 GMT
I fail to see the relevance of this post either in a positive or negative way for Crypto Currency? The article is pointing at the fact that the US has banned the particular currency for trying to circumnavigate sanctions imposed on Venezuela.
I am sure he will do the same when Kim Jong Un releases the KaJongUn next year!
|
|
cb25
Posts: 3,523
Likes: 2,666
|
Post by cb25 on Mar 20, 2018 14:22:27 GMT
I fail to see the relevance of this post either in a positive or negative way for Crypto Currency?
Here's somebody who disagrees with you: “It’s a pretty big blow,” said Russ Dallen, the managing director at Caracas Capital. “Since most cryptocurrencies are not actually backed by anything real, cryptocurrency speculation is based on the greater fool theory -- I can buy this at $100 because there is someone who is a bigger idiot who is going to buy it at $200. When you take the U.S. out of that equation, you reduce the interest and potential for that speculation.” www.bloomberg.com/news/articles/2018-03-19/trump-prohibits-u-s-purchases-of-venezuelan-cryptocurrency
|
|
|
Post by skint4achange on Mar 20, 2018 14:32:06 GMT
I fail to see the relevance of this post either in a positive or negative way for Crypto Currency?
Here's somebody who disagrees with you: “It’s a pretty big blow,” said Russ Dallen, the managing director at Caracas Capital. “Since most cryptocurrencies are not actually backed by anything real, cryptocurrency speculation is based on the greater fool theory -- I can buy this at $100 because there is someone who is a bigger idiot who is going to buy it at $200. When you take the U.S. out of that equation, you reduce the interest and potential for that speculation.” www.bloomberg.com/news/articles/2018-03-19/trump-prohibits-u-s-purchases-of-venezuelan-cryptocurrencyBut that wasn't in the original article that you posted. For every person you see talking down Crypto currency, someone will talk it up. A bit like me and you right now!
I can post a hundred articles from people all over the world claiming that Crypto Currency is the greatest thing since sliced bread. Would it change your mind? No. So I don't bother trying to get people to change their mind. I like to let them make up their own mind.
If you don't want to invest in the technology (Notice I didn't say currency!), then don't. Others do and have. The ones that have really looked into the subject are very aware of the FUD that keeps coming out, and I am sure it will keep coming for a long, long time. Well, at least until the banks have found a way to utilise it and increase their profits by %XXXX's. Then, when it is controlled by the real capitalists of the world, then the fools can really be taken in by it (And probably not even batter an eyelid at it).
If you want to see some people really wasting their money, head on over to the Lendy pages!
|
|
cb25
Posts: 3,523
Likes: 2,666
|
Post by cb25 on Mar 20, 2018 14:41:11 GMT
Here's somebody who disagrees with you: “It’s a pretty big blow,” said Russ Dallen, the managing director at Caracas Capital. “Since most cryptocurrencies are not actually backed by anything real, cryptocurrency speculation is based on the greater fool theory -- I can buy this at $100 because there is someone who is a bigger idiot who is going to buy it at $200. When you take the U.S. out of that equation, you reduce the interest and potential for that speculation.” www.bloomberg.com/news/articles/2018-03-19/trump-prohibits-u-s-purchases-of-venezuelan-cryptocurrencyBut that wasn't in the original article that you posted. For every person you see talking down Crypto currency, someone will talk it up. A bit like me and you right now!
I can post a hundred articles from people all over the world claiming that Crypto Currency is the greatest thing since sliced bread. Would it change your mind? No. So I don't bother trying to get people to change their mind. I like to let them make up their own mind.
If you don't want to invest in the technology (Notice I didn't say currency!), then don't. Others do and have. The ones that have really looked into the subject are very aware of the FUD that keeps coming out, and I am sure it will keep coming for a long, long time. Well, at least until the banks have found a way to utilise it and increase their profits by %XXXX's. Then, when it is controlled by the real capitalists of the world, then the fools can really be taken in by it (And probably not even batter an eyelid at it).
If you want to see some people really wasting their money, head on over to the Lendy pages!
I'm not trying to 'talk' crypto-currencies up or down, I simply saw the article and thought I'd post it in case it was of interest to others (as the thread is titled 'Bitcoin & other crypto currencies: NEWS and discussion").
|
|
|
Post by beeje13 on Mar 20, 2018 16:39:37 GMT
Here's somebody who disagrees with you: “It’s a pretty big blow,” said Russ Dallen, the managing director at Caracas Capital. “Since most cryptocurrencies are not actually backed by anything real, cryptocurrency speculation is based on the greater fool theory -- I can buy this at $100 because there is someone who is a bigger idiot who is going to buy it at $200. When you take the U.S. out of that equation, you reduce the interest and potential for that speculation.” www.bloomberg.com/news/articles/2018-03-19/trump-prohibits-u-s-purchases-of-venezuelan-cryptocurrencyBut that wasn't in the original article that you posted. For every person you see talking down Crypto currency, someone will talk it up. A bit like me and you right now!
I can post a hundred articles from people all over the world claiming that Crypto Currency is the greatest thing since sliced bread. Would it change your mind? No. So I don't bother trying to get people to change their mind. I like to let them make up their own mind.
If you don't want to invest in the technology (Notice I didn't say currency!), then don't. Others do and have. The ones that have really looked into the subject are very aware of the FUD that keeps coming out, and I am sure it will keep coming for a long, long time. Well, at least until the banks have found a way to utilise it and increase their profits by %XXXX's. Then, when it is controlled by the real capitalists of the world, then the fools can really be taken in by it (And probably not even batter an eyelid at it).
If you want to see some people really wasting their money, head on over to the Lendy pages!
How can I invest in blockchain technology? That is something I would be interested in.
|
|
|
Post by skint4achange on Mar 20, 2018 16:42:38 GMT
Easy, you support an ICO for a company that you believe will be able to make a difference in the Blockchain technology in the future.
Ripple for example is a good company doing good things with major corporate investors. Have a look at their webpage
|
|
|
Post by Deleted on Mar 20, 2018 16:47:00 GMT
I'd suggest find anything that Andrew Ng is investing in and follow him
|
|
|
Post by beeje13 on Mar 21, 2018 19:27:03 GMT
Easy, you support an ICO for a company that you believe will be able to make a difference in the Blockchain technology in the future.
Ripple for example is a good company doing good things with major corporate investors. Have a look at their webpage No, I don't want anything to do with the coins. XRP and Ripple are two separate things. I was wondering maybe there were shares in companies like Ripple?
|
|
|
Post by skint4achange on Mar 21, 2018 20:19:03 GMT
The coins are the shares in a company involved in crypto world.
If you want to share in the success of a blockchain developer you support them by buying the tokens at the ICO. After that, you share in their success if the value of the tokens rises.
I don't understand what you mean about ripple and XRP are different things? Ripple is the company and XRP was their token. The XRP is eventually going to be the token of use in many of their applications.
|
|
gibmike
Member of DD Central
What is a cynic? A man who knows the price of everything and the value of nothing.
Posts: 255
Likes: 159
|
Post by gibmike on Mar 21, 2018 20:49:43 GMT
My personal opinion is to avoid all and any ICO. Remember, these are startups. Putting $100 into 100 companies each may see you pick one Amazon but also 99 failures.Whitepapers are not worth the paper they are written on in 90% of the cases and the other 10% are valuable future businesses but picking them is a task in itself.
If you are looking for a return, go for Litecoin (possible use through Litepay), Ethereum (the current currency of ICOs other than Stellar) and of course the commodity Bitcoin.
I am no expert but I expect the bubble to be the ICOs not the technology or the three major currencies (maybe four including Ripple).
Mike
|
|
|
Post by skint4achange on Mar 21, 2018 22:13:10 GMT
Mike, my point was that Beeje wants to invest in Blockchain tech by buying into it in the same way as buying stocks and shares.
Te way I see it is that if you want to support the tech and help companies along then you have to join in with an ICO. But, as you rightly point out, there are so many ICO's and most of them are scams.
Beeje has already said that the thought of purchasing coins/tokens is off the table.
|
|
macq
Member of DD Central
Posts: 1,924
Likes: 1,192
|
Post by macq on Mar 21, 2018 22:44:21 GMT
there are pieces online about investing in companies that may benefit from blockchain such as banks,payment processing companies,cyber security etc if you want to go that route
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Mar 21, 2018 23:22:04 GMT
Block chain might not be the dominant technology of the future, someonething may superseded it. Something cheaper, quicker and uses less electricity when mined.
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Mar 21, 2018 23:34:43 GMT
The amount and range of ICO's is crazy! From World wifi to beef coin to property coin.
Maybe we should launch p2p coin, called Lend coin.
|
|