Re: Bitcoin, crypto currencies, block chain

Guest

Re: Bitcoin, crypto currencies, block chain

Post by Guest »

Gold is outperforming Bitcoin more and more...

Image

Cool Breeze
Posts: 2935
Joined: Sun Jul 26, 2020 10:19 pm

Re: Bitcoin, crypto currencies, block chain

Post by Cool Breeze »

Guest wrote:
Wed Jun 15, 2022 6:25 pm
Bill Gates says crypto and NFTs are a sham

Jordan Valinsky
By Jordan Valinsky, CNN Business

Updated 5:44 PM ET, Wed June 15, 2022

New York (CNN Business)Don't count Bill Gates among the fans of cryptocurrencies and NFTs.

Those digital asset trends are "100% based on greater fool theory," the Microsoft co-founder said Tuesday at a TechCrunch conference, referencing the notion that investors can make money on worthless or overvalued assets as long as people are willing to bid them higher.
https://www.cnn.com/2022/06/15/tech/bil ... -comments/

Exactly. Billionaires know not to buy Bitcoin. As do us lesser fools.
Paul Tudor Jones, Saylor, Kevin O'Leary, the list goes on and on. Sounds like you don't know what you are talking about. Pretty common around here.

You all don't even know the difference between "crypto" and BTC. smh

Cool Breeze
Posts: 2935
Joined: Sun Jul 26, 2020 10:19 pm

Re: Bitcoin, crypto currencies, block chain

Post by Cool Breeze »

Guest wrote:
Wed Jun 15, 2022 8:39 pm
Gold is outperforming Bitcoin more and more...
Has it been 5 years since 2021? Another one of your "skills" = can't even do basic math.

Cool Breeze
Posts: 2935
Joined: Sun Jul 26, 2020 10:19 pm

Re: Bitcoin, crypto currencies, block chain

Post by Cool Breeze »

Guest wrote:
Wed Jun 15, 2022 6:44 pm
https://twitter.com/saylor/status/413478389329428480

Saylor said in 2013 when Bitcoin was less than $1,000 that:
Michael Saylor⚡️

#Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.

7:18 PM · Dec 18, 2013·Twitter for iPad
He was right!

Now he's a blubbering old fish holding (or should I say HODLING) Bitcoin from over $30,000 with a loss of $1 BILLION dollars!
Please, tell me how he has "lost" money?

Guest

Re: Bitcoin, crypto currencies, block chain

Post by Guest »

Cool Breeze wrote:
Wed Jun 15, 2022 9:20 pm
Guest wrote:
Wed Jun 15, 2022 6:25 pm
Bill Gates says crypto and NFTs are a sham

Jordan Valinsky
By Jordan Valinsky, CNN Business

Updated 5:44 PM ET, Wed June 15, 2022

New York (CNN Business)Don't count Bill Gates among the fans of cryptocurrencies and NFTs.

Those digital asset trends are "100% based on greater fool theory," the Microsoft co-founder said Tuesday at a TechCrunch conference, referencing the notion that investors can make money on worthless or overvalued assets as long as people are willing to bid them higher.
https://www.cnn.com/2022/06/15/tech/bil ... -comments/

Exactly. Billionaires know not to buy Bitcoin. As do us lesser fools.
Paul Tudor Jones, Saylor, Kevin O'Leary, the list goes on and on. Sounds like you don't know what you are talking about. Pretty common around here.

You all don't even know the difference between "crypto" and BTC. smh
There is no difference between crypto and BTC. Both are "100% based on greater fool theory."

Saylor is not a billionaire. His net worth is probably a few millions and he is barely hanging onto that.

Guest

Re: Bitcoin, crypto currencies, block chain

Post by Guest »

Cool Breeze wrote:
Wed Jun 15, 2022 9:22 pm
Guest wrote:
Wed Jun 15, 2022 6:44 pm
https://twitter.com/saylor/status/413478389329428480

Saylor said in 2013 when Bitcoin was less than $1,000 that:
Michael Saylor⚡️

#Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.

7:18 PM · Dec 18, 2013·Twitter for iPad
He was right!

Now he's a blubbering old fish holding (or should I say HODLING) Bitcoin from over $30,000 with a loss of $1 BILLION dollars!
Please, tell me how he has "lost" money?
The SEC required Saylor to mark his Bitcoin to market or Microstrategy would be delisted. He complied.

Guest

Re: Bitcoin, crypto currencies, block chain

Post by Guest »

Cool Breeze wrote:
Wed Jun 15, 2022 9:21 pm
Guest wrote:
Wed Jun 15, 2022 8:39 pm
Gold is outperforming Bitcoin more and more...
Has it been 5 years since 2021? Another one of your "skills" = can't even do basic math.
Your timeframe was quoted as 8 months. However, since the 8 months, Bitcoin is doing worse and worse compared to gold.

John
Posts: 11478
Joined: Sat Sep 20, 2008 12:10 pm
Location: Cambridge, MA USA
Contact:

Re: Bitcoin, crypto currencies, block chain

Post by John »

** 15-Jun-2022 World View: Crypto vs Bitcoin
Guest wrote:
Wed Jun 15, 2022 9:46 pm
> There is no difference between crypto and BTC. Both are "100%
> based on greater fool theory."
The blockchain technology is based on mathematical cryptographic
algorithms. Any application that uses blockchain technology is
therefore a "crypto" application, in the current vernacular. Bitcoin
is called a "crypto currency" because its implementation is based on
blockchain technology. However, Bitcoin is only one of an infinite
number of possible applications. Bitcoin and Crypto are not the same.

Guest

Re: Bitcoin, crypto currencies, block chain

Post by Guest »

John wrote:
Wed Jun 15, 2022 9:56 pm
** 15-Jun-2022 World View: Crypto vs Bitcoin
Guest wrote:
Wed Jun 15, 2022 9:46 pm
> There is no difference between crypto and BTC. Both are "100%
> based on greater fool theory."
The blockchain technology is based on mathematical cryptographic
algorithms. Any application that uses blockchain technology is
therefore a "crypto" application, in the current vernacular. Bitcoin
is called a "crypto currency" because its implementation is based on
blockchain technology. However, Bitcoin is only one of an infinite
number of possible applications. Bitcoin and Crypto are not the same.

As a result, tulips rapidly became a coveted luxury item, and a profusion of varieties followed. They were classified in groups: the single-hued tulips of red, yellow, or white were known as Couleren; the multicolored Rosen (white streaks on a red or pink background); Violetten (white streaks on a purple or lilac background); and the rarest of all, the Bizarden (Bizarres), (yellow or white streaks on a red, brown or purple background). The multicolour effects of intricate lines and flame-like streaks on the petals were vivid and spectacular, making the bulbs that produced these even more exotic-looking plants highly sought-after.
Economist Peter Garber collected data on the sales of 161 bulbs of 39 varieties between 1633 and 1637, with 53 being recorded in the Dialogues. Ninety-eight sales were recorded for the last date of the bubble, February 5, 1637, at wildly varying prices. The sales were made using several market mechanisms: futures trading at the colleges, spot sales by growers, notarized futures sales by growers, and estate sales. "To a great extent, the available price data are a blend of apples and oranges", according to Garber.
https://en.wikipedia.org/wiki/Tulip_mania

During Tulip Mania, many distinctions were made and I suppose at and especially just after the height of the mania, speculators wanted to believe their tulips were unique and special, and maybe even immune from price collapses that other tulips may have been subject to. In the end, they were all just tulips, as they rose and fell together, and today there is just one chart used to portray the Tulip Mania.

John
Posts: 11478
Joined: Sat Sep 20, 2008 12:10 pm
Location: Cambridge, MA USA
Contact:

Re: Bitcoin, crypto currencies, block chain

Post by John »

** 16-Jun-2022 World View: Decentralized Finance (DeFi) and Smart Contracts

All crypto currencies are not the same, but even if they were, there
are many blockchain applications besides currencies. I wrote an
article about them last year:

** 13-Apr-21 World View -- Investing in Decentralized Finance (DeFi) and Smart Contracts
** http://www.generationaldynamics.com/pg/ ... tm#e210413



What's happening now is that there's an explosion of financial
applications and services, normally provided by banks, brokers, and
other financial institution, that are now being provided on blockchain
platforms as "smart contracts." There are really an unlimited number
of possible apps and services -- insurance, lending, borrowing, asset
management, gaming, day trading, savings, payments, billing, and so
forth. Smart contracts are "self-executing," meaning that once a
particular smart contract is set up, any action that would normally be
taken by a human intermediary in a bank or financial institution would
now be executed automatically by the smart contract.

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