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Do you think cryptocurrency trading is here to stay?

15 Comments
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15 Comments
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ONLY as long as there are computers. If someone makes computers not work anymore, then cryptocurrency will die.

3 ( +5 / -2 )

If by "cryptocurrency trading" you mean "speculative investment by uninformed participants who haven't done their research and just throw their money at anything with "coin" in its name, throwing cryptocurrency markets out of wack by treating them like a lottery instead of using them for what they were intended for - I hope so.

0 ( +3 / -3 )

Can't stop people from exchanging data with one another, if that's what they want to do, so long as the Internet is free.

And if they want to, who cares anyway? Knock yourselves out!

2 ( +4 / -2 )

Interesting article describing the mood swings of young South Koreans who have invested in Bitcoin. Sounds as if you get an intense emotional roller coaster ride, if you want that kind of thing.

I guess the question is somewhat similar to asking if Las Vegas, that mirage in the sands, is here to stay.

http://english.chosun.com/site/data/html_dir/2018/02/02/2018020201313.html

2 ( +2 / -0 )

It's a lie because it's not actually a currency. Currencies are dependent on economies and people. Scam-coin is a meaningless coupon or penny stock endowed with artificial value pumped up and down without reason. You can't base any price on something that changes constantly. Whereas a dollar is a dollar that can be converted to another economy's value of a dollar. (Whatever another economy's unit of economic value becomes). Scam-coing doesn't represent anything.

It also requires electricity to exist just like my debit and credit card but unlike the bills in my wallet. Also nobody rates the currency from itself, only in context with real money. That's the giveaway right there that it's not a currency but a get rich scam

By keeping something of no value tied to real value it makes no sense. If they had not used real money to define it, it might have worked. Like an online game. Say you were given 1000 points when you signed up, but not given any other points. Then using or gaining points for your activities would be the only means of losing or increasing points. That creates choices and an economy. The value is thus from your activity someone else sees and pays for, and that you put a value on.

-1 ( +4 / -5 )

Also not thought about is that you can go into debt with money, based against the value of your economic activity. You can't with Scam-coin. Because there is no intrinsic value in you represented by it. Thus it's not a currency

-2 ( +1 / -3 )

The blockchain is the future and coins will eventually be the most efficient ways to handle international transactions. I do think that the fever surrounding many new and useless coins to bubble will die down, but coins like Ripple which the banking sector is heavily investing in will probably be here to stay.

1 ( +1 / -0 )

Cryptocurrencies are here to stay. I doubt speculative trading of cryptocurrencies is here to stay though. It's too high-risk.

0 ( +0 / -0 )

It's a lie because it's not actually a currency. Currencies are dependent on economies and people.

The Japanese government defines bitcoin as a currency. Please tell us what you know that they don't.

Also, where is this definition of dependency upon economies and people?

You can't base any price on something that changes constantly.

Every currency on the planet changes constantly, and every economy on the planet is dependent upon currencies.

It also requires electricity to exist just like my debit and credit card but unlike the bills in my wallet.

Um yeah, just like the debit and credit cards in your wallet. Are they scams too? And do you think that no electricity is used in the creation of your bills?

By keeping something of no value

Cryptocurrencies have value. Have you not actually looked into them? If you had, you would realize that your statement is incorrect.

If they had not used real money to define it, it might have worked.

Bitcoin has been around near nine years, and the speculative trading of it has only been in the last couple of years. It has already worked.

Also not thought about is that you can go into debt with money, based against the value of your economic activity. You can't with Scam-coin.

Why not? Your statement makes it seem as if the system has some fundamental barrier to being able to lend someone bitcoin. What fundamental barrier is that?

there is no intrinsic value

Yes there is. Again, have you not actually researched that which you are stating an opinion on?

1 ( +3 / -2 )

Here to stay? Its decentralized, you couldn't stop it if you or any government tried.

3 ( +3 / -0 )

Also nobody rates the currency from itself, only in context with real money. That's the giveaway right there that it's not a currency but a get rich scam

Bitcoin is not designed to replace fiat currencies, but rather as stores value like gold and gold’s scarcity is what gives it value vs currencies of the world. It’s a lot cheaper to hold Bitcoin on a thumb drive than stacks of bullion and ever try carrying bullion over borders?

1 ( +1 / -0 )

What's been happening these last few days have shook some noobs up.

But however it goes forward, surely an internet based currency is the way forward?

2 ( +2 / -0 )

sf2kFeb. 5 04:55 pm JST

It's a lie because it's not actually a currency. Currencies are dependent on economies and people. Scam-coin is a meaningless coupon or penny stock endowed with artificial value pumped up and down without reason. You can't base any price on something that changes constantly

Sounds just like fiat currency!

0 ( +0 / -0 )

@badman

What is to stop someone buying a small safe and placing in it a kilogram or two of gold bullion in it?

Very little holding cost there

And most countries have bullion/coin dealers ready to exchange fiat currency for your gold any day of the week!

0 ( +0 / -0 )

What is to stop someone buying a small safe and placing in it a kilogram or two of gold bullion in it?

Nothing. But the average home isn't particularly secure.

That said, there's nothing wrong with gold. But we aren't talking about gold here, we're talking about cryptocurrency trading.

0 ( +0 / -0 )

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