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You are seriously a dumbass if you believe your statement to be true. The vast majority of people here are average joes that just bought and follow crypto.

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4 points · 15 hours ago

Why not just let people promote their work without attacking them? The toxicity of crypto in a bear market helps no one. If you have a cool project and aren't scamming people, you should receive people's support. Even moreso, if the vast majority of people are just people who bought and follow, then those people really shouldn't be attacking the people actually rolling up their sleeves.

Original Poster3 points · 1 day ago

Would Walmart use it though?

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Many companies do hold cash on reserve. Walmart specifically holds over $6 billion of cash. They could hold $300 million of crypto as a component of this, then they wouldn't be too concerned with its volatility.

Original Poster1 point · 17 hours ago

They wouldn't be concerned that their $300M is now $90M and it lost $210M? If you're going from $20K to $6K for BTC.

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No because they'd actually be going from $300M to $8.3 billion first.

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If a country has runaway inflation then stablecoins are a potential solution (not "traditional" cryptos which are highly volatile)

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5 points · 18 hours ago

Stablecoins are a mirage. They're not really stable. Stability is just redistribution of wealth to the most visible and recorded metrics. You can't create wealth out of thin air. Wealth is only created from profitability. Bitcoin will never be stable because it is honest. You know what you have, what others have, and the worlds hopes and fears price it appropriately. Fiat, and by extention 'stablecoins' are dishonest.

It’s kind of astonishing to imagine that there are crypto “investors” who, through their own stupidity, will miss out on the incoming XRP run. They will regret it for the rest of their lives.

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-26 points · 20 hours ago

$30B is too high of a price for a coin that is not needed, is functionally worse than others, and only partnered with some tiny exchange that almost nobody uses (to be fair, i do like bittrex, but lets be honest..) . Go ahead and invest in ripple at $30B of its 2050 supply, but I would rather invest in things that are more fairly priced. Your flair indicates that you are involved in both XLM and Ripple. Those are two of the most overpriced coins in the market (especially stellar), so time will tell which of us "investors" is the stupid one. However, that said, I hope we both win.

$30B is too high of a price for a coin that is not needed, is functionally worse than others, and only partnered with some tiny exchange that almost nobody uses (to be fair, i do like bittrex, but lets be honest..)

Saying something doesn't make it so.

Clearly, 150+ banks and FIs who have partnered with Ripple disagree with you - a redditor. XRP via xRapid can save banks 40% to 70% in costs and settle cross-border payments in around a minute or two (as opposed to several days, big costs, 6% failure rate with SWIFT). So....you say, not needed? And explain "functionalty worse than others"? Oh, you missed the FUD bingo classic of "it's centralised".

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-9 points · 19 hours ago

I'd be curious your thoughts on this post: https://hackernoon.com/4-alarming-reasons-ripple-might-not-be-what-you-think-9debc3c86985. It's okay to disagree, that's what makes a market.

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2 points · 2 days ago

We already got a few decent stablecoins such as DAI or DGX. Why not use them?

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1 point · 1 day ago

That doesn't actually solve anything unless the house buyer is willing to accept DAI. Ultimately withdrawing bitcoin back to your bank would create more heat. At the end of the day, if everyone accepted crypto, crypto wouldn't be volatile, so we wouldn't need stable coins, and the world would be better than it is today. This idea that crypto won't work in this case are probably true. We need to get more merchants accepting crypto with their app-based terminals. It's going to happen, these app based lifestyles are newer than crypto. Once everyone has ~5% of their portfolios in crypto, they won't care that it is volatile when they accept it and do commerce with it because that volatility is already a part of their wealth management strategy.

1 point · 1 day ago

People on r/personalfinance give terrible (conservative) advice. The problem is those people are so strapped with debt, learning strategies to try to reduce the debt that is destroying their wealth, that they can't fathom anything risky. The mantra there is to pay down all debt, no matter what rate it is. It is bad finance. Your investment strategy should start from most aggressive to most conservative, but they ignore this.

Here's the right strategy:

1) Pay down debts over 20% rate

2) Buy $10K of crypto

3) Pay down debts over 10% rate

4) Buy small cap value stocks until your crypto makes up only 15% of your invested savings

5) Pay down debts over 6%

6) Invest more until rich

And don't ever take debt that has a higher rate than you can expect from investing, that means 6%.

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12 points · 1 day ago · edited 1 day ago

And you're supposed to be happy seeing your investment going down the drain? 96% down from ATH with no support lines.

Tech itself is no doubt superior. You are smoking something good if you think people don't feel bad when it's been down so much.

Downvote all you want, but Nano is losing to Bitcoin Diamond and was compared to XVG? total joke.

edit: typo

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5 points · 1 day ago

If nano is less than scam coins, that says as much about this markets irrational bottom than the crash says about its irrational peak. Alt coins crash 97% in bear markets. I point to Litecoin in 2014, which followed what nano is doing pretty spot on in decline, market cap, and trading volume.

4 points · 1 day ago

Bitcoin not being decentralized doesn't make Nano decentralized. Bitcoin is even worse of course, but they are not a good benchmark at all.

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5 points · 1 day ago

Nano gets more decentralized as more businesses like binance start to offer services for it. For example, imagine a future where nano is on coinbase. Now binance and coinbase are splitting the votes between their users. In the long run there would be many such businesses and the distribution of votes moves much flatter. You're giving nano grief for its voting distribution when it's practically only had an active community for 8 months. Look at how the decentralization has improved since then.

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-5 points · 1 day ago

97% drop from ATH lol

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0 points · 1 day ago

That all time high gets mentioned all the time yet people KNOW it was manipulation on 2 dodgy exchanges. People spent thousands and thousands of double spent cryptos and drove the price up.

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3 points · 1 day ago

Maybe a bit, but the nano community is quite large and active so I don't think that explains it all. More likely just a side effect of the bull market and the limit liquidity options for previous buyers to sell until binance. So you're a speculator and you put $1000 on bitgrail in december no big deal. Now it's $100K, do you deposit it back to bitgrail while it's having some scandals or do you wait for binance? You and everyone else waits for binance, but that doesn't stop people from buying $1000 on bitgrail.

4 points · 1 day ago

Same as litecoin in 2014.

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1 point · 2 days ago

Guys it's over. Monero is down 494.4% from ATH

4 points · 2 days ago

Nano's drawdown is similar to Litecoin in 2014, which was to fall from $55 to $1.20. Both lost more than 97%. Comparing time periods, the litecoin drop lasted ~14 months.

Original Poster2 points · 2 days ago

Nano is the next Litecoin. People used it because it was fast.

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2 points · 2 days ago · edited 2 days ago

Interestingly, litecoin was ~80 million at its bottom, and nano is ~120m now, AND litecoins trading volume was ~$4m at the bottom, which is the same as nanos. For the fun part, litecoin went on to go 300x from that bottom over the next 3 years.

-3 points · 2 days ago

based on 2050 supply, Stellar has a market cap of $30.7 billion. Based on 2050 supply, Nano has a market cap of $0.124 billion. I rest my case.

1 point · 2 days ago

Did you just ignore them all talking about how Nano needs/would have a proper ecosystem so that you could easily do fiat->nano->fiat with minimum downtime and transfer times?

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1 point · 2 days ago

Still two fees, still 0.5%. In fact my prior example actually would have 4 fees so 1% (at least). Nano is good for two peers who stay within the ecosystem. Crypto should not pander to fiat lovers.

You never had sent money across borders have you. 1% would be a incredible compared to the fees from SWIFT

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1 point · 2 days ago

i haven't

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3 points · 2 days ago

Trading volume for AAPL was $3b today, which interesting, is a fifth of crypto market. I am confused by these comments that theres been more articles than volume

2 points · 3 days ago

The true use case of the nano technology is just as a tether backed by actual fiat. Think about it logically, companies could accept it because it will always be worth $1usd, yet you gain all the benefits of fast, fee less transactions, that can be confirmed without intermediary. It improves the current status quo of currency. The current nano cannot be used for currency, as it is a speculative asset. You cannot hold nano knowing that your buying power could decrease by 90%, wasn't that what Venezuela was trying to get away from? Yet if they had a $1usd tether nano, that would actually be usable to use and keep, that would protect the value of their money. They would be able to keep all their money in it, and transfer to friends and family all over the world for free and fast. Unfortunately the current nano currency has no worth in that instance.

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1 point · 3 days ago

The difference between a fiat 90% crash is that a fiat crash is typically caused by printing arbitrary amounts of supply (either in public or secret). When a crypto wit ha fixed supply like nano crashes 90%, it doesn't actually destroy the currency it just makes it cheaper (and, due to the nature of speculation, cryptocurrencies actually become more valuable, to new buyers, as they decline in value, unlike fiat which has no mathematical capability of recovering due to the supply creation)

Thanks. Believe it or not I am not happy about being right. It's all happening rather too quickly, and right now I am not in a position to significantly increase my stack. Will the recovery be V shaped or Bath shaped? Indeed will there be a recovery?

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-2 points · 3 days ago

The market is currently pricing in a 9 year recovery assuming a 20% required return.

How do you work that out? 45c at 20% per annum comes to $2.32.

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2 points · 3 days ago

You're right i just did 1.29 to get ~5.4, forgot about the starting point. ~14 years to recover from 0.45. 2032... dang. That's some cheap IOTA.

2 points · 4 days ago

I'm curious given the recent concern related to bad pulls on bitcoin cash that could have cause major damage, is our stance on merging "anything" too aggressive? What are we doing to make sure not to merge catastrophic bugs? Given the risk of silent inflation bugs going undetected, shouldn't monero be one of the more conservative regarding code changes?

Can you explain why?

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1 point · 8 days ago

Thanksgiving

2 points · 8 days ago

Really. It does not matter at all. It's WHEN he bought.

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1 point · 8 days ago

He's talking about ATH, so not necessarily. Just means he bought nano.

remember, no matter how much you've lost, it can sttill drop another 100%.

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2 points · 8 days ago

The further it drops, the less you'll lose if it does. Past losses are sunk.

I never said anything about BTC?/Also I am talking producing value, not having value.

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6 points · 8 days ago

coins aren't businesses though, they don't need viable business model. They are commodities, they need properties of good commodities.

no worries here, seeing that Monero is working at a 102.57% capacity.

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4 points · 8 days ago

What do you mean

Anybody know a site to see if The number of XMR transactions is increasing or decreasing? Data at Monero.how for July seems to be wrong.

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Every good that has been banned by a government has sold at a premium in the black market.

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1 point · 9 days ago

Sure, but then how do you actually capture that value? It's not really a price premium so much as a risk premium. You're just getting compensated for the risk you'll have to spend time in a cell.

-2 points · 10 days ago · edited 10 days ago

Except that never happened.

It was listed as Bitcoin (BCH) and Bitcoin (BTC) for a pretty short time, the tickers in plain sight, after the backlash it became Bitcoin Cash BCH and Bitcoin Core BTC quickly after (a matter of days, I dont think it was even a week before it was changed back), and its been that way for many months now. They did not at any point literally relabel BCH as BTC and sell it to anyone under that false pretense as you just described.

I agree it was a stupid move on Roger's part, but what you just said never happened. You are a liar and/or are grossly misinformed. End of story.

Do you think Roger Ver would have changed it back that quickly if his intention was to actually scam anyone this way? Why would he torpedo his own successful startup doing that?

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1 point · 9 days ago

So many stories ending in this discussion I can't wait for the trilogy.

34 points · 11 days ago

What's really the point of crypto if it's only to be another investment way ?

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2 points · 10 days ago

Inflation protection, better than gold, diversification benefits and volatility harvesting (enhancing returns). Even if bitcoin was never used for a transaction ever again, it's provably scarce property gives it a permanent ~5% home in most portfolios. However, since we are still ramping up to the inflation protection era, you get inflation protection and big expected returns.

13% APR, 2 more years.

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Do you use ADA or NEO? Knowing the answer is 'no', any interesting in doing so? Why would you buy a coin that you do not have any use for yourself? Speculating that there is someone out there in the world who is different from you who wants to use those platforms? They don't exist.

Guys let this sink for a second, after months of misery ("Korea bans crypto", "Exit scams", "Europe bans crypto", "Crypto is a bubble", "Tether is a scam", , "Exchange raids", "Exchanges getting hacked", "Tech companies banning crypto ads" FUD), Bitcoin is still at $7,000. The only reason it hasn't gone up is because sentiment is still low and people are terrified it will drop further, all gains immediately vanish when a tiny dip is causing a massive sell-off. While financial institutions see massive potential to make a lot of money (over the backs of inexperienced investors). Anyone who has his brains in the right place would think twice before selling at this point. It's a matter of time before the market will recover.

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7 points · 10 days ago

Soon the halving will be on the horizon. Consolidation / accumulation for the next year. Enjoy it

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