One day I read academic paper of the investment world, contrary to the consensus view, articulating how Bitcoin has the theoretical potential to become an investable asset class as a store of value like gold, so little harm taking a small punt and holding for the longterm.
Next day I read a blog from a confirmed crypto warrior who says the investment community just don't get it yet his words support the consensus view of the investment community:
"Bitcoin’s true nature is as an instant way to transmit money anywhere in the world. It is not an investment, or money itself, and holding on to it in the hopes that it will become valuable is like holding on to an email or a PDF in the hopes it will be come valuable in the future; it doesn’t make any sense."
What larks Pip.
Quick, stop the press, people on the internet have differing opinions, what new and exciting times we live in.
One day I read academic paper of the investment world, contrary to the consensus view, articulating how Bitcoin has the theoretical potential to become an investable asset class as a store of value like gold, so little harm taking a small punt and holding for the longterm.
Next day I read a blog from a confirmed crypto warrior who says the investment community just don't get it yet his words support the consensus view of the investment community:
"Bitcoin’s true nature is as an instant way to transmit money anywhere in the world. It is not an investment, or money itself, and holding on to it in the hopes that it will become valuable is like holding on to an email or a PDF in the hopes it will be come valuable in the future; it doesn’t make any sense."
What larks Pip.
Quick, stop the press, people on the internet have differing opinions, what new and exciting times we live in.
One day I read academic paper of the investment world, contrary to the consensus view, articulating how Bitcoin has the theoretical potential to become an investable asset class as a store of value like gold, so little harm taking a small punt and holding for the longterm.
Next day I read a blog from a confirmed crypto warrior who says the investment community just don't get it yet his words support the consensus view of the investment community:
"Bitcoin’s true nature is as an instant way to transmit money anywhere in the world. It is not an investment, or money itself, and holding on to it in the hopes that it will become valuable is like holding on to an email or a PDF in the hopes it will be come valuable in the future; it doesn’t make any sense."
What larks Pip.
Quick, stop the press, people on the internet have differing opinions, what new and exciting times we live in.
But I don’t understand how I can buy stocks and shares using digital money that I’ve never seen and likely doesn’t exist in physical form and have that grow in number from the performance of a company who sell advertising space on a website that doesn’t exist except in cyberspace and then I can take money out from that and spend it in physical form.
Great insights, @CAFCsayer , thanks for taking the time to share that.
I just read this article. It underlines that many of the "things" - tokens - we discuss here are not even trying to be currencies, and is a stab at a rational mapping of what different types of tokens are trying to be.
I couldn't work out exactly where Vechain would fit on their map, probably because I have not sufficiently understood Vechain in the first place.
Skimmed through it but Vechain is a utility crypto (from what I can guess). The blockchain will hold information which you will then spend Thor (which is generated by Vechain) to access and use the information
It's normally something i shout when i shank my Golf drive.
Now I’m bored on a train,
Thor is the crypto currency that will be generated by Vechain holders. This will then be spent when you want to use the network (upload information or get information from the network). This gives a reason to hold Vechain (say if you’re a haulage company like DNV GL or anyone else) who doesn’t want to buy Thor each time they want to use the network. Otherwise you’d just buy Thor and spend that to use the network if it’s a one off (say, sending something of sentiment or great expense to a loved one or some one else abroad and you want to track it and guarantee it’s safety)
Thor will be “burned” at a rate decided by Vechain so there will constantly be need for Thor in the system and won’t be oversupplied. Thor will be generated for infinity but the rate is restricted by the amount of Vechain in existence.
It's normally something i shout when i shank my Golf drive.
Now I’m bored on a train,
Thor is the crypto currency that will be generated by Vechain holders. This will then be spent when you want to use the network (upload information or get information from the network). This gives a reason to hold Vechain (say if you’re a haulage company like DNV GL or anyone else) who doesn’t want to buy Thor each time they want to use the network. Otherwise you’d just buy Thor and spend that to use the network if it’s a one off (say, sending something of sentiment or great expense to a loved one or some one else abroad and you want to track it and guarantee it’s safety)
Thor will be “burned” at a rate decided by Vechain so there will constantly be need for Thor in the system and won’t be oversupplied. Thor will be generated for infinity but the rate is restricted by the amount of Vechain in existence.
But, seriously,thanks KA for that, once I've re-read the whole thread again tomorrow i'm sure I will know a lot more. Already I know a heck of a lot more by being on this thread, and hopefully, after tomorrow I will be a lot wiser. As I said, i'm intending to try to open a Bitstamp account tomorrow - and I had one of those pleasant surprises tonight in that I checked my Bank balance online to find I had more money in it than I thought , so I might try to see if can spend some money tomorrow if Bitstamp will let me- and just see if I can start it up.
Still can’t understand that if say Vechain etc have to be translated back through Bitcoin to get your real money (fiat) how the performance of the aforementioned can be that important if it can all be undone by Bitcoin not performing.
I keep hearing conflicting messges re Bitcoin, but if as some say, the potential and therefore value in its future use diminishes, then won’t that negate any upside that is achieved on the other Crypto (Vechain etc)?
Or am I still not quite getting the mechanics behind this??
My assumption is that if Vechain appreciates and Bitcoin depreciates then surely its just like an FX transaction? - you'll get more (or less) Bitcoin according to its value against Vechain at the time of the transaction?
Still can’t understand that if say Vechain etc have to be translated back through Bitcoin to get your real money (fiat) how the performance of the aforementioned can be that important if it can all be undone by Bitcoin not performing.
I keep hearing conflicting messges re Bitcoin, but if as some say, the potential and therefore value in its future use diminishes, then won’t that negate any upside that is achieved on the other Crypto (Vechain etc)?
Or am I still not quite getting the mechanics behind this??
Cheers.
Bitcoin is to crypto what the dollar is for stocks and shares. So if the dollar plummets, the us stock exchange shares become less in comparison to the pound. So yes.
For instance the value of Vechain against bitcoin has gone nothing but up recently, but the price of bitcoin has gone down. Meaning it’s worth in Fiat has gone down.
I am now getting to grips with Cryptos and what is needed to buy them but one question I do have is this.
Is there one, two, three central places were white papers are released/published for ICO's or is it a case of trawling the net?
With normal stocks and shares the Investors Chronicle which is a weekly publication provides this information as do the financial pages of the broad sheets so I was wondering if anything like this exists in Crypto world.
@CAFCsayer and @kentaddick which coins are you holding for longer term rather than just a quick flip (such as experty which has perhaps now reached their potential)?
Has Vechain still got legs?
How about telcoin, power ledger, rchain and chain link- have they had their rise?
Of course these are all you opinions but we trust your insight on them for information
Vechain is my long term hold, it has way too many partnerships and ties with the Chinese government for it to fail. Chainlink I’m holding on to for now but will wait a few months to see what more news comes out about it.
ICX is one people are saying for a long term hold as well.
Thanks for this @kentaddick will have a read up on them further
@CAFCsayer and @kentaddick which coins are you holding for longer term rather than just a quick flip (such as experty which has perhaps now reached their potential)?
Has Vechain still got legs?
How about telcoin, power ledger, rchain and chain link- have they had their rise?
Of course these are all you opinions but we trust your insight on them for information
I'm actually selling out of all of my holdings into Ether for next week, there's a few good ICOs that I want to jump on... Its a matter of freeing up cash rather than a move on outlook...
Vechain is longterm, RChain moreso... Mainnet not out for a while. Telcoin is a good long hold, think it has legs to go 3x from here, some big partnership announcements in the wings and Ive got a feeling one of them is potentially Vodafone
Which ICOs are interesting you coming up? Would like to read up on them and get registered if so as seems your previous tips have been pretty impressive....
There are more experts about this than me on here so they may answer however in my short time as a Crypto investor it looks as if you have to apply to be vetted to buy into an ICO and if you get chosen/selected you are up and running.
So, you can only buy ETH with Coinbase with Fiat, not BTC? So, to buy BTC, you have to buy ETH via Coinbase (with Fiat), then send ETH to BDAX, then on to Binance, then trade ETH for BTC Forgive my ignorance, but this sounds a *really* complex way of buying 'stuff'.
No, on Coinbase you can buy bitcoin, Bitcoin Cash, lite coin and ethereum with money. If you only want one of these you don’t need binance.
If you want ripple, stellar, etc. Then buy one of the four above on Coinbase, transfer it to Binance and then buy.
Sorry guys, Mr Dim here again. I'm trying to set up accounts on Coinbase (wont let me at tmoment), GDAX , Binance, Bitstamp and Bitpanda.
Now, if i want to start buying , lets say, Vechain on Binance - cant i just get a Binance account and deposit my GBP into there?, rather than all this faffing around going from Coinbase ETH or BTC, then GDAX then Binance to get Vechain ?
So, you can only buy ETH with Coinbase with Fiat, not BTC? So, to buy BTC, you have to buy ETH via Coinbase (with Fiat), then send ETH to BDAX, then on to Binance, then trade ETH for BTC Forgive my ignorance, but this sounds a *really* complex way of buying 'stuff'.
No, on Coinbase you can buy bitcoin, Bitcoin Cash, lite coin and ethereum with money. If you only want one of these you don’t need binance.
If you want ripple, stellar, etc. Then buy one of the four above on Coinbase, transfer it to Binance and then buy.
Sorry guys, Mr Dim here again. I'm trying to set up accounts on Coinbase (wont let me at tmoment), GDAX , Binance, Bitstamp and Bitpanda.
Now, if i want to start buying , lets say, Vechain on Binance - cant i just get a Binance account and deposit my GBP into there?, rather than all this faffing around going from Coinbase ETH or BTC, then GDAX then Binance to get Vechain ?
OK, just answered it myself in that Binance is bot equipped to deal with any FIAT Deposits - only Crypto currencies
Comments
Capitalism, it will never work.
It's normally something i shout when i shank my Golf drive.
Thor is the crypto currency that will be generated by Vechain holders. This will then be spent when you want to use the network (upload information or get information from the network). This gives a reason to hold Vechain (say if you’re a haulage company like DNV GL or anyone else) who doesn’t want to buy Thor each time they want to use the network. Otherwise you’d just buy Thor and spend that to use the network if it’s a one off (say, sending something of sentiment or great expense to a loved one or some one else abroad and you want to track it and guarantee it’s safety)
Thor will be “burned” at a rate decided by Vechain so there will constantly be need for Thor in the system and won’t be oversupplied. Thor will be generated for infinity but the rate is restricted by the amount of Vechain in existence.
Already I know a heck of a lot more by being on this thread, and hopefully, after tomorrow I will be a lot wiser.
As I said, i'm intending to try to open a Bitstamp account tomorrow - and I had one of those pleasant surprises tonight in that I checked my Bank balance online to find I had more money in it than I thought , so I might try to see if can spend some money tomorrow if Bitstamp will let me- and just see if I can start it up.
Any advice re Bitstamp?
But that should not be taken as advice :-)
I keep hearing conflicting messges re Bitcoin, but if as some say, the potential and therefore value in its future use diminishes, then won’t that negate any upside that is achieved on the other Crypto (Vechain etc)?
Or am I still not quite getting the mechanics behind this??
Cheers.
Is there one, two, three central places were white papers are released/published for ICO's or is it a case of trawling the net?
With normal stocks and shares the Investors Chronicle which is a weekly publication provides this information as do the financial pages of the broad sheets so I was wondering if anything like this exists in Crypto world.
Which ICOs are interesting you coming up? Would like to read up on them and get registered if so as seems your previous tips have been pretty impressive....
I'm trying to set up accounts on Coinbase (wont let me at tmoment), GDAX , Binance, Bitstamp and Bitpanda.
Now, if i want to start buying , lets say, Vechain on Binance - cant i just get a Binance account and deposit my GBP into there?, rather than all this faffing around going from Coinbase ETH or BTC, then GDAX then Binance to get Vechain ?