ESOC Crypto Corner
- spanky4ever
- Gendarme
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Re: ESOC Crypto Corner
normal currency have safety in tax payers future payments. Crypot have zero. Untill there is a "real" eco behind it, it will bounce up and down (my guess). How can crypto get some real value behind the currency?
Hippocrits are the worst of animals. I love elifants.
- spanky4ever
- Gendarme
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Re: ESOC Crypto Corner
but tbo, this is going so fast, and so BIG, I would not have seen it, or- tell it! (witch spanky)
Hippocrits are the worst of animals. I love elifants.
Re: ESOC Crypto Corner
iwillspankyou wrote:just one question: why do the crypto value vary so much? If there are so many computers monitoring it, and validating it, why the huge ups and downs? I mean, if it where more solid, I could find it interesting. As it is now, its just rushing down to nothingness, and rising like fenix!
Well, there are lots of factors which cause so much volatility.
The technology behind crypto is still extremely new and misunderstood, and that’s a big part of why its value is so hard to pin down. Also, most of the bitcoin in the world is owned by a tiny group of people. As of late 2017, about 95 % of the cryptocurrency was owned by just over 4% of people with bitcoin. That means that a single person could decide to release huge amounts of bitcoin into the market at any moment, completely upending its value.
Also, the price of bitcoin can also change drastically as countries and financial institutions adapt to the idea of cryptocurrency. For exp, when one of South Korea’s biggest banks tested out the technology it caused a spike in value. Also, when China announced plans to crack down on Initial Coin Offerings (ICOs) the value of bitcoin dropped, and the same thing happened when a South Korean govt official said the country might ban cryptocurrencies altogether.
Another factor is unlike other types of investments, like stocks or gold, bitcoin trading never stops, either. There are no market hours. Instead, you get non-stop 24/7 trading, which means even more volume and fluctuations in bitcoin’s value.
Re: ESOC Crypto Corner
iwillspankyou wrote:normal currency have safety in tax payers future payments. Crypot have zero. Untill there is a "real" eco behind it, it will bounce up and down (my guess). How can crypto get some real value behind the currency?
As have been explained MANY times in this thread, may of the coins are still having the actual product developed.
Now you basically buy the coins based on tweets, white papers and rumors.
[Sith] - Baphomet
- spanky4ever
- Gendarme
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Re: ESOC Crypto Corner
@gh0st so if every EU and US country did the same as China - the crypto are gone? I could emagine something like that happen in the future. Crypto are a big threath if it grow big enough
Hippocrits are the worst of animals. I love elifants.
- spanky4ever
- Gendarme
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Re: ESOC Crypto Corner
sorry @Snuden we are on to the basics again
Hippocrits are the worst of animals. I love elifants.
- spanky4ever
- Gendarme
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Re: ESOC Crypto Corner
Snuden wrote:Uhm... The basics?
the basics, are the real things we just watched a real crasch, after the crypto surges like nothing you ever seen before (almost)
Hippocrits are the worst of animals. I love elifants.
Re: ESOC Crypto Corner
iwillspankyou wrote:Snuden wrote:Uhm... The basics?
the basics, are the real things we just watched a real crach, after the crypto surges like nothing you ever seen before (almost)
NO, BTC have crashed like that 6-7 times before.
[Sith] - Baphomet
- spanky4ever
- Gendarme
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Re: ESOC Crypto Corner
yeah right @Snuden so why should we trust it? that is the only question Im raising here? who are investing, and what are there any safety?
Hippocrits are the worst of animals. I love elifants.
- spanky4ever
- Gendarme
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Re: ESOC Crypto Corner
if I where to have 20 000 dollars to invest, should i place it in Cryptos?
Hippocrits are the worst of animals. I love elifants.
- spanky4ever
- Gendarme
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Re: ESOC Crypto Corner
Snuden wrote:No. Forget you ever heard of Crypto (and this thread)
oh my, cannot forget what you already learned, cannot undo what you already
evolved
Hippocrits are the worst of animals. I love elifants.
- spanky4ever
- Gendarme
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Re: ESOC Crypto Corner
I will leave you in peace though, have fun snuden
Hippocrits are the worst of animals. I love elifants.
Re: ESOC Crypto Corner
iwillspankyou wrote:I will leave you in peace though, have fun snuden
Thank you.
[Sith] - Baphomet
Re: ESOC Crypto Corner
Would you be fine if the money disappeared tomorrow?iwillspankyou wrote:if I where to have X dollars to invest, should i place it in Cryptos?
Btw it's unwise to mention how much money you have invested or plan to invest. Hackers might notice and target you. Many crypto discords have actually banned the mention of amounts for this reason.
- fightinfrenchman
- Ninja
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Re: ESOC Crypto Corner
Don't invest any money in crypto unless you're okay losing it all. It's more akin to gambling than investing
Dromedary Scone Mix is not Alone Mix
Re: ESOC Crypto Corner
You should probably stay away from crypto for now, Spanky. You'll likely end up listening to Mart, buy XRP, and lose it all.
Pay more attention to detail.
- spanky4ever
- Gendarme
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Re: ESOC Crypto Corner
Hippocrits are the worst of animals. I love elifants.
Re: ESOC Crypto Corner
Gendarme wrote:$11,000 hypeuuuuuGendarme wrote:$10,000 hypeuuuuuGendarme wrote:$9,000 hypeuuuuu
Pay more attention to detail.
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- Ninja
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Re: ESOC Crypto Corner
Luther and the Protestant Reformation are not pleased!
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