It's priced in because market movers have been aware of this for some time now. Also, plenty of stocks are just as volatile. Not sure what you are getting at here.
Cryptocurrency
- Thread starter Playboi Carti
- Start date
It's priced in because market movers have been aware of this for some time now. Also, plenty of stocks are just as volatile. Not sure what you are getting at here.
What I’m getting at is that I don’t see how it could be “baked in” when the price is fluctuating like crazy. So what is the baked in price, or what sort of discount is being applied now with the knowledge these coins are coming? How do you even know the big players have factored this in?
From my quick googling, there are lots of crypto sites warning that a price dump could happen when these coins hit the market.
And why are you comparing BTC to stocks? I thought it was supposed to be a currency.
From my quick googling, there are lots of crypto sites warning that a price dump could happen when these coins hit the market.
And why are you comparing BTC to stocks? I thought it was supposed to be a currency.
But everyone says it is supposed to be a currency and not a stock. If it’s supposed to be the currency to replace the $, then it can’t be banging around so much.
You guys are both wrong. It is digital gold, a store of value and a hedge against inflation and interference from central banks!
The argument of what it really is shifts whenever it is convenient.
Market movers are aware of Mt. Gox. This is not a surprise to market participants. Therefore, trading right now reflects the possibility that approx 150k worth of BTC will be released starting next month into the market. It doesn't mean that a drop in price couldn't happen, but I think the threat is overblown and typical bear market fear.
For reference, just a few months ago, Luna Foundation sold 80,000 BTC into the market from its reserves in order to defend the Terra USD peg. That 80k dump was absorbed and the price action was largely unaffected. Also there is no reason to believe all 150k btc would be sold. Some people will hold for better prices. Also, the sell pressure will not hit the market all at once.
If there is a dump, it will be from retail fear, not actual supply shock. In my opinion.
I am comparing it's price action to a stock.
Bitcoin is an experiment. It's just an alternative system for the entire globe. Don't worry, nobody wants to take your dollars or your checking account.
Just curious, if you had to hold for one year. Would you prefer someone give you $100 dollars, or $100 dollars in BTC right now?
Bitcoin is a commodity that can function as a currency. It has a finite supply which allows for use as a store of value. It can also process more transactions via Lightning than visa/mastercard. And it can do it for pennies per transaction.
It does not function as an inflation hedge. And it trades like a tech stock.
I believe Bitcoin is a hedge against unstable governments, police states where asset seizure is common, and extremely high inflationary environments.
$100. I feel I can do more with that than $100 of Bitcoin. Put in one of my businesses or stocks and have a semblance of liquidity and ability of have some knowledge of what it will do versus just a slinging back and forth.
You talking about this?
Forsage crypto executives charged with running $300 million Ponzi scheme
Millions of investors in the U.S. and elsewhere were duped by promises of big profits, according to regulators.
www.cbsnews.com
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No. And come on, you're into the crypto, you should know.You talking about this?
Forsage crypto executives charged with running $300 million Ponzi scheme
Millions of investors in the U.S. and elsewhere were duped by promises of big profits, according to regulators.
Decentralized Networking Platform Based on Smart Contracts | FORSAGE
Blockchain networking platform FORSAGE. Online business all over the world from the comfort of your home. Bitcoin, Ethereum, Tron, Binance are innovative decentralized opportunities. Join, unite like-minded people and achieve results.forsage.io
ETH has been printing money. If you couldn't make money off ETH the last month you shouldn't do crypto.
I did think it was funny Helium, a project I have a miner for, was lying about companies that use their network. They basically generate about 6,500 dollars in income for their network a month. I hope people got their money out of it when they had a chance because I think that thing is going to be dead in the water soon.
LOL, I saw that. I have a miner for that as well. I still think that is a sweet project idea. But until any real adoption occurs, it's a network of nothing.
Once the SEC starts cracking down on scammers and the gov places regulations on crypto it's going to crash as it has never before.
I think the opposite happens. Legislation will further legitimize the space.