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Is Bitcoin the Next Big Thing?

Discussion in 'Business Discussions' started by accelerator, Jun 2, 2015.

  1. lazarus United Kingdom

    lazarus Active Member

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    Yes the JP Morgan statement came out before the latest DIP, Any well versed crypto tech investor would not consider JP Morgan's advice to be credible.
    The Dip was down to Charlie Lee's comments regarding Chinese exchanges.

    We saw a Dip when China banned ICO's but this quickly faded away and personally I am glad this mad ICO craze has had a bit of bad press.
    We are seeing recovery from this morning already and we will see a full recovery in a few days - week once clarity is restored from FUD.

    I can't see BTC going below $3500 again and when a little dip happens like this, just consider it a sale day :)

    But going off topic. LISK, Ethereum and Stratis are great investments at the moment also.
     
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    Last edited: Sep 13, 2017
  2. Domain Forum

    Acorn Domains Elite Member

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  3. dee

    dee Active Member Acorn Supporter

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    Agreed on ICO stuff. It will be a push for regulation which is a good thing. Its a bit wild west at the moment.

    I'm dipping into it with ripple at the moment. Still cheap and gaining traction with various banks and moved in india etc.
     
  4. lazarus United Kingdom

    lazarus Active Member

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    Yes Ripple has a bright future and its cheap at tthe moment but the only thing is that its market cap is too big for me to invest. You will make profit for sure but not life changing profit. I believe there are still a select few ALT coins / tokens that will give you that magic 50x - 100x return within the next 5 years.

    I am not talking about ALT's that are just different forms of crypto currency but that are technologies that will transform how the world and all its instruments operate in the future.
     
    Last edited: Sep 13, 2017
  5. dee

    dee Active Member Acorn Supporter

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    General concensus is that by end of year it should be heading towards a dollar. Its about 0.19 at the mo. They are putting a huge chunk of supply in escrow october i think and various other things happening that should mean a good bump.

    Theyve also just opened in india and are making huge inroads with banks for cross border transactions.
     
  6. lazarus United Kingdom

    lazarus Active Member

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    And its fast :) Unlike bank transfers that take 1-3 days and pause over the weekend with large fee's. (Whats that all about) :)

    Check out Bancor. Very interesting / exciting ...

    Poloniex is filling up with green as we speak.
     
  7. dee

    dee Active Member Acorn Supporter

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    will do . cheers. What wallet to you use? Im on etoro which is essentially like trading CFDs. Also means i can trade shares/ fx on same account though
     
  8. lazarus United Kingdom

    lazarus Active Member

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  9. Carlos Mexico

    Carlos Active Member

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    Maybe if Chinese government confirms banning crypto exchanges.
     
  10. lazarus United Kingdom

    lazarus Active Member

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    The exchanges in china will just move their operations like Binance (BNB) has, just in case. Also Binance have said that even being an exchange based in China over 80% of its users are not from China.
     
  11. aZooZa

    aZooZa Well-Known Member Exclusive Member

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    I'm not well-versed in cryptocurrency, but does anyone think there'll be a market for borrowing BTC or ETH? I ask as I speculatively regged a few .coms of this type a while ago.
     
  12. dee

    dee Active Member Acorn Supporter

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    I do. Gambling also. We are rapidly heading towards a cashless world ( not no currency, just no physical cash) Where there is a niche it will be filled.
     
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  13. websaway United Kingdom

    websaway Well-Known Member

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    John goes in at $3500 dollars, bill goes in at $3550. Tom went in at $200 and sells at $4000, the price plummets to $500 john and bill sell and lick their wounds having no more money to invest. Tom goes back in with his gains ( or john and bills money ) right up to $10,000 and sells again taking all the suckers money who have been told they are going to make a fortune. Who is responsible for regulating this to make sure it's not a racket controlled by racketeers.
     
  14. dee

    dee Active Member Acorn Supporter

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    If John and Bill got in at that price they'd currently be at pucker factor 10. Seems rumours that chinese exchanges will stop trading in a few days have the chinese dumping . Another large tank currently in progress.
     
  15. bonusmedia United Kingdom

    bonusmedia Well-Known Member Exclusive Member

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  16. timter51 United Kingdom

    timter51 Active Member Exclusive Member

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    I remember when that kept getting posted everywhere in early 2014...
     
  17. Marcoose Thailand

    Marcoose Well-Known Member Acorn Supporter

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    I din't 'get' bitcoin or blockchain technology for a long time but this year I have been converted. The fixes to real-world issues cannot be ignored. ICOs have really bad press, and in the majority of cases, for a very good reason, but many are really going to change the world. The great thing is that we are still at such an early stage and anyone who thought they were too late to join the party, isn't. See www.aventus.io, www.powerledger.io, www.matryx.ai, www.datum.org - just a few businesses that are set to do big things thanks to blockchain.
     
  18. Marcoose Thailand

    Marcoose Well-Known Member Acorn Supporter

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    I only buy coin that I can keep on my Ledger Nano - https://www.ledgerwallet.com. It supports BTC, LTC, anything based on Etherium, among others.
     
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