Cryptocurrencies Part II - No more forks for you

Discussion in 'Geek Emporium' started by Gardner McKay, Oct 25, 2017.

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  1. Gardner McKay

    Gardner McKay You had to be there

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    But really, y tho.
    upload_2017-10-25_7-52-52.png
     
  2. Gardner McKay

    Gardner McKay You had to be there

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    Bitcoin Gold is down to $115 on Bitfinex. With them locking out US customers, I can't see BTG having anything going for it if Bitfinex is the major exchange it is listed on. I hope it fails miserably.
     
  3. What the Faulk

    What the Faulk You'll know when you go

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    Guess everyone is shuffling back to BTC on preparation for the next fork. Seriously wondering if it's advantageous to do the same for a few weeks.
     
  4. The Crypto Guy

    The Crypto Guy Registered User

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    The next fork? When is that? Do they have one every week now?
     
  5. What the Faulk

    What the Faulk You'll know when you go

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  6. The Crypto Guy

    The Crypto Guy Registered User

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  7. phisherman

    phisherman Registered User

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    Have you guys looked into Kucoin? Both the exchange and coin? They're starting to list the really good Chinese coins.
     
  8. The Crypto Guy

    The Crypto Guy Registered User

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    Go Fork Yourself: Ethereum Booming, Near Doubling the Transactions of Bitcoin

    https://www.cryptoanalyst.co/2017/10/26/ethereum-booming-double-bitcoin/

     
  9. TheDoldrums

    TheDoldrums Registered User

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    That article is hilarious.

    BTC's future is cloudier than ever? There's been like, 3 or 4 bigger issues than S2X in the past year alone, to say nothing of the much more uncertain earlier days. It was ~$1800 in mid-July.

    I think saying 540 is almost double 323 is indicative of the hyperbole present in that article. I feel like I'm stating the obvious here, but the ETH supply is much bigger than the BTC supply. So it makes sense that they would have more transactions. And it also makes sense that ETH would not be valued nearly as high due to that large supply, which isn't capped at any point like BTC. People holding their BTC and not selling only drives up the scarcity and price.
     
    Last edited: Oct 26, 2017
  10. phisherman

    phisherman Registered User

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    Ethereum will never reach the price of Bitcoin but it could exceed their marketcap in the future.

    I think Bitcoin will only have a cloudy future if all this fork stuff that's going on occurs when Bitcoin is mainstream. As of now it's not mainstream enough to have a huge affect on its future.
     
  11. The Crypto Guy

    The Crypto Guy Registered User

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    Absolutely impossible to know that. Maybe not in the next couple years, but in 5-6 years is anyones guess.

    Same with price guessing with Bitcoin. In 5-6 years it could be 50,000. Nobody knows.
     
  12. phisherman

    phisherman Registered User

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    The marketcap for Ethereum would have to be massive to reach Bitcoin's price. For Ether to reach Bitcoin's price nearly everyone holding ETH would have to be staking to reduce the circulating supply.
     
  13. The Crypto Guy

    The Crypto Guy Registered User

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    A year ago people would have laughed at the thought of Ether ever hitting $400..it's done that twice already ;)

    Will be very interesting to see what happens when either switches to PoS in a couple years as well.

    It's literally impossible to speculate since we have no idea how big Ethereum will be and who will be using it in a few years. Bitcoin is basically just a currency, Ethereum is something so much more.
     
  14. phisherman

    phisherman Registered User

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    I agree about Ethereum but circulating supply and marketcap matters in terms of price.

    I can even see other tokens like NEO exceeding ETH's price just because of their lower circulating supply. Even now DASH is almost at ETH's price due to their circulating supply.
     
  15. What the Faulk

    What the Faulk You'll know when you go

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    Yeah, ETH has a bright future, but there's zero chance the value of the individual coin will eclipse that of BTC, short of some sort of black swan event to beat all other black swan events. And even then, I think you might be talking life support for crypto adoption at that point.
     
  16. The Crypto Guy

    The Crypto Guy Registered User

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    Well no, I don't think they will ever be equal..that won't happen. But it's possibly it will hit 6K years down to the road (which is what BTC is at now, obviously BTC will be much higher in a few years as well)

    Of course this is a ton of WHAT IFs and a lot of things need to go right and fall into place for it to ever come close to that price.
     
  17. Fledgemyhedge

    Fledgemyhedge Registered User

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    Just picked up some VTC yesterday and it's already on the move again. The block reward is halving in December and it just got Nano Ledger s support last week. Could prove to be a good pick up.
     
  18. Gardner McKay

    Gardner McKay You had to be there

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    BCH on a major run. Another pump and dump I suppose.
     
  19. phisherman

    phisherman Registered User

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    So did any of you read about WTC's wallet update? I'm putting almost everything into there now.
     
  20. Gardner McKay

    Gardner McKay You had to be there

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    Nope. I have been busy with NVO. Wallet (NVO, not WTC) was supposed to be dropped tomorrow but was delayed this morning for another 2 days. Was invited to a skype session with the Devs but I couldn't access while at work. I did get some screen shots from another member and although they have asked me not to post the screen shots just yet.... EHHRRMMAAGOODDDD it looks amazing.

    Right now I am split between NVO (NVST), WTC, OMG and I have small amounts in UBIQ and COSS. Any key points on the wallet update you can share? Debating saying **** everything and going all in on NVO and WTC.
     
  21. What the Faulk

    What the Faulk You'll know when you go

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    What do you think about NVO adoption, @Gardner McKay? The sub is pretty dead and I see almost no talk of it around the cryptosphere.
     
  22. Gardner McKay

    Gardner McKay You had to be there

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    We don't go on reddit. It is all slack based. Unfortunately, slack has a limit in terms of invites and we are currently at capacity and that sucks. Tons of new people want to join. So many of the invites were taken up by spammers. They aren't really wanting too much attention until the wallet is ready. There are so many other projects out there that come out with tons marketing and guns blazing and yet they don't have a working project to show for it. Once the Wallet is released, the marketing will start, this I can confirm.

    The rest I will PM you as I have been asked to not post it publicly, yet.
     
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  23. Gardner McKay

    Gardner McKay You had to be there

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    Oy. Walton is getting REKT today.
     
  24. Gardner McKay

    Gardner McKay You had to be there

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    Strike that. WTC and Metal are getting DEMOLISHED.

    @phisherman I sincerely hope you didn't put everything in WTC. Down 30% right now.
     
    Last edited: Oct 31, 2017
  25. What the Faulk

    What the Faulk You'll know when you go

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    Yeah, slight delay in the release schedule. I don't think it should be down this much, though.
     
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