@guyinpv said in Crypto Predictions:

@computerchip said in Crypto Predictions:

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

Well at least you're doing your part.

The original crypto is not even 10 years old, man, so you got out right as it was getting started?

@tim_g said in Crypto Predictions:

cryptocurrency

Well...ok, you got me, it's a digital currency.

Anyone who thinks "crypto" has no value, can take a look at this crypto.

https://wowtoken.info/

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

@momurda said in Crypto Predictions:

India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned.

Holy smokes, you just make things up as you go along don't ya?

As of 11/2015: "94 percent of Indians living in urban areas have electricity, only 67 percent in rural areas have power."

As of 03./2017: "WaterAid said over 63 million rural Indians - the equivalent of the population of Britain - do not have clean water to drink, cook or wash with, largely due to remote locations, weak infrastructure and poor planning."

India has a population of 1.3 billion, 63 million is just below 5%.

Majority: "a number or percentage equaling more than half of a total"

@momurda said in Crypto Predictions:

Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.

That is probably THE dumbest thing I have heard anyone say this month.

@r3dpand4 I sent my prediction to a peer who has also been in crypto for several years, he agrees with me. Now it's been peer reviewed.

@momurda You are not very educated on cryptos then. They have as much inherent value as gold or diamonds.

@harry-lui said in Crypto Predictions:

@irj said in Crypto Predictions:

ponzi

I think all Crypto currency are Ponzi Schemes.

You are certainly entitled to your opinion.

@r3dpand4 said in Crypto Predictions:

No one really knows so I don't understand the point in speculating. It's literally plastered over every forum regarding Cryptocurrency that you should only invest what you're willing to lose 100% of and that holding long term, 5+ years, outweighs day trading gains for the average person. Sure it could go up today, it could also go down. Speculating day to day is pointless, and if you're in the Cryptocurrency space to make money just do your research, buy in, and wait 5 years. Watching Delta or coinlib every day is just going to stress you out.

No one really knows if it will rain tomorrow or not, but they speculate across the world every day.

You can look at a previous post here, where I speculated that BTC will be consistently above the 10k mark in 30 days. Looks like I am on track for that prediction.

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

Even if we have seen to floor (which is I believe it's close,) I don't think we will see 20k again until around October 2018 at the earliest.

Honestly, I think bitcoin's days as market leader are numbered and we may never see $20k again on bitcoin, but the market will continue to grow overall. I am looking at litecoin to move into the top 3 next week. I htink by the end of the year, there may be an obvious gradual move of another coin to start gaining on bitcoin.

I think BTC will be the leader for at least a few more years and I think it's peak will be over 100k easy, and possibly around a million per.

@computerchip said in Crypto Predictions:

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

Even if we have seen to floor (which is I believe it's close,) I don't think we will see 20k again until around October 2018 at the earliest.

Honestly, I think bitcoin's days as market leader are numbered and we may never see $20k again on bitcoin, but the market will continue to grow overall. I am looking at litecoin to move into the top 3 next week. I htink by the end of the year, there may be an obvious gradual move of another coin to start gaining on bitcoin.

I think BTC will be the leader for at least a few more years and I think it's peak will be over 100k easy, and possibly around a million per.

Why though? What about btc is appealing vs other cryptos? I get that it's first and that alone gives it value, but it doesn't bring any utility with it like other cryptos do.

It hasn't brought anything new since 2013 when I started getting into crypto, and all these other cryptos have. Hive mind and media will carry it for a few years on that alone. It will be quite a few more years before more than 1-5% of the population even understand the basics of crypto and the value (beyond their value) is.

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

Even if we have seen to floor (which is I believe it's close,) I don't think we will see 20k again until around October 2018 at the earliest.

Honestly, I think bitcoin's days as market leader are numbered and we may never see $20k again on bitcoin, but the market will continue to grow overall. I am looking at litecoin to move into the top 3 next week. I htink by the end of the year, there may be an obvious gradual move of another coin to start gaining on bitcoin.

I think BTC will be the leader for at least a few more years and I think it's peak will be over 100k easy, and possibly around a million per.

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

Even if we have seen to floor (which is I believe it's close,) I don't think we will see 20k again until around October 2018 at the earliest.

I am not looking for $20k. I am looking for $8-10k.

I think consistently over 10k is at least 30 days away, but I am no expert, just going on the limited experience I have had with it since 2013.

Even if we have seen to floor (which is I believe it's close,) I don't think we will see 20k again until around October 2018 at the earliest.

https://www.reddit.com/r/AdviceAnimals/comments/7uuwz2/the_rate_at_which_the_applications_are_flooding/?st=jd6w2lfn&sh=1cf98a42

I can't stand any product relating to O365. It has been garbage since day 1 imo.

This thread is too long to read everything, but Planet Earth 2 was bad ash!

Robinhood is now letting you buy cryptos commision free. Just a friendly FYI to my fellow HODL'rs.

I spit up my diet dr pepper when I saw it was spiceworks...

https://www.reddit.com/r/softwaregore/comments/79uwu6/why_bother_viewing_posts_one_at_a_time_when_you/

@rojoloco said in SW rant time:

Let's get back on track...

SPICEWORKS SUUUUUCKS!!!!!

and more specifically the biased arbitrary actions of some of the mods!

Isn't this how the piratebay worked for so many years? It kept moving it's data to countries where there were no pirating laws or where laws were lax?