Using the metric of the US dollar, examine with us the snapshots of cryptocurrency's total market cap over the last 2.5 years. Which coins have come and gone? What rate of growth (or shrinkage) has the competitive money market experienced over time? What do you keep in YOUR wallet?
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I've been following crypto currency for a long time, and I don't see anyone unseating BitCoin, unless government have a hand in doing so because they're so scared of it's implications. Nice soundtrack by the way, New Order - Age of Consent...one of my favorite songs by them. Big fan of Joy Division too.
You need a trustless contract with Doge Coin for people to purchase a ring tone from you saying, "Doge Coin...Doge Coin....Doge Coin..." Linguists say one of the most beautiful sounding English terms is "Cellar Door" Perhaps you could start you own Crypto and call it that.
Irina, thanks for the awesome update on the cryptocurrency space. My currencies of choice are bitcoin and lumens (stellar). Of course that will change once I launch my currency in the very near future. It's called eQuid and is what happens when Bitcoin meets Timebanks. It is unique by the way it gets injected to the economy. I hope you don't mind if I put a link here and thanks again for the great post. My wife's name is Irina by the way, lovely name and very common in Russia. Don't ever call her Irene though. http://equid.instapage.com/
+The Daily Decrypt Like Patrick said, Its the main currency used on a Gambling Dice game. But the Justdice is pretty brilliant because its a casino that you can invest in, and the more people that lose their money there, you get to keep for being an investor in the house. But if people start cleaning the house bank roll, then you are going to lose as well. And its all 100% provably fair. High or Low. Its pretty cool, but I haven't played in a long long time. I lost some money, then gained it back and decided I probably shouldn't gamble. :D
+The Daily Decrypt My understanding is that it is a proof of stake coin. There is a gambling website called just-dice that uses Clams as it's sole currency so anyone that has Clams is assumed to be a gambler.
Clams was initially distributed to any Bitcoin, Litecoin, or Dogecoin wallet that had non-dust sums at a specific moment in May of 2014. At that time I only had money in hosted wallets so I missed out on the initial distribution but if you have an old wallet.dat file on a laptop somewhere that may have had money on it during the initial distribution, you may have some Clams and not know it. Trying to find Clams in an old wallet like this is called digging for Clams, lol!
Primarily Ether and REP (Augur) looking out for interesting IPOs. Would you count Augur market shares as currencies? They will have a finite lifespan but some might end up being used like currencies: for instance a bet that the price of silver will be X would include tokens that fluctuate in value with the price of silver if it is a scalar market. If these count then I would predict at least a couple of thousand currencies here with a handful of them being useful as stable currencies or as the foundation for them.
+The Daily Decrypt I was thinking more in terms of the bets on augur itself rather than equity in augur. These are not shares in an organization but rather shares in the money bet if the outcome of the event is chosen correctly. But I agree it all boils down to value placed in a token whatever the backing happens to be.
I own fairly trivial amounts of ether, litecoin, and bitcoin purchased using the spare change from my crippling addiction to spending fiat, via lawnmower.io. looking into buying Dash next but ethereum is my main all the others are side hoes.
Please wear louise belcher pink bunny ears.
+Dixon Nahrwold LOL @ "crippling addiction." Yes, LawnMower is a cool idea, glad to hear a good review about it. If you send me the bunny ears, I might wear them. Lemme get a mailbox or somethin' and we'll talk.
It's suppose to be a "green" currency. It uses POS for minting new coins so it doesn't take a lot of power. Fast transactions too. Like their community so I try to support them here and there. That's the only wallet I can run on a laptop and still mine.
I have small amounts in long forgotten doge and quark wallets but they aren't relevant. I'm old fashioned so I split my surplus monthly income between bitcoin and good old fashioned clinking metallic silver. I made a handsome profit on silver during the 2008 recession and cashed in half my silver right when the real estate market was in the toilette and bought my house (bank owned) for 160k (In Seattle!). Heck of a deal. That allowed me to keep my paid off condo and put a renter in it while I waited for the business cycle to advance to the point where real estate maxed out (before the next recession stared). I sold it last July, dumped the money into the house mortgage and now my only debt is 59k on the mortgage. Now the business cycle is advancing into the next recession. During this next recession I expect silver to go well past the 40 something an ounce price of 2011. When that happens (probably in 3, maybe 4 years) I'll cash in about half my silver and payoff the house. Then I'll be on easy street with no rent or debt of any kind to pay.
That's one of the advantages of getting old. You've been around the block a few times and you can start to recognize trends and think to yourself "gee, I think I've been here before" and then you can start to make investments that actually payoff. So, my fellow bitcoiners. Take a look at the business cycle and figure out where you are in the cycle and invest accordingly.
Right now we're just entering the next great recession and just like they did back in 08, both the government and the corporate media are lying through their teeth about the economy. The smart money is leaving the stock market and moving into precious metals and the really super smart people are getting into bitcoin.
And a quick primer on the business cycle: The cycle tends to last 7 to 9 years and it starts out with the economy maxed out. Stocks, employment and real estate prices are high. Then you enter the next cycle and that begins with a recession. It's either nasty or mild (or catastrophic) depending on how badly the feds have been abusing the economy. You then have a nasty slide into recession for about 3 years before it bottoms out. At that point precious metals are high and everything else is on sale. Real estate and stocks are cheap and so are other assets like cars, trucks, boats, jet skis, and so on. I got my awesome dodge pickup with the old tough as nails Cummins B series engine for only 6500 back in 2011 and I could get a good deal more for it right now. Then the recession bottoms out and begins to recover. Then over the next 3 or 4 years the economy improves and then maxes out before you move into the next cycle.
So my fellow bitcoin geeks. Right now you should be staying away from stocks and bonds and buying precious metals and good solid blue chip crypto assets and for me that can mean only one thing, bitcoin (unless something changes) and you can accumulate cash as well. And in about 3 or 4 years the economy will be as crashed as it will get before it starts to recover. That's when you sell precious metals and possibly some of your bitcoin and buy real estate (if you're in the market for it) as well as stock in good solid companies that have been driven down by the crash. Then over the next 3 or 4 years you enjoy handsome gains in your stocks and real estate.
Bitcoin is a wild card though. It's so new that it's hard to predict. I'm not sure if it will be wise to sell much of my bitcoin when the recession bottoms out or not. I'll have to play it by ear and watch for down trends like what I observed in silver in early 2012.
Ok students, that's all the old man has for you today. I hope what I shared helps you rake in a handsome profit over your lifetimes.
+Vention1MGTOW On the land. I am not sure what I will do with it. My brother is up there. We have been talking about using it to do an off grid bug out. The stream is good enough for some power. We both have many years experience in several trades that come in handy for building and repairing. I always like the will rogers quote "buy land they ain't making any more. :) I appreciate your advice on the sell.
Yeah I'm enjoying my Dad's company while I can. He's deteriorating though, becomming a lot more frail and forgetful. Today he setoff the burger alarm and I had to call him to get him to shut it off. He joked that I might have to call the Soylent Green people if he gets much worse. I hope he lasts a few more years.
Have you considered selling that property in NC? You're probably aware that we're going to be dropping farther into recession over the next 3 years so your property value is sure to decline. If you sold it now you could lock in the value of the place. I'm very glad I sold my condo last July because I wouldn't be able to get as much for it (as I got in July) for at least 6 years, if the usual pattern holds.
yea big oil can destroy entire eco systems with no law to stop them but if a regular person was caught pissing in a stream they would be in trouble. Lol. I have land up in Murphy NC that has a nice stream on it. I don't know what I am up against there but like always I will do what I want and probably get away with it. It is on a mountain and in the woods so that is bonus. I do believe in taking care of all water and the wet lands though. The everglades is a good example of not messing around with the river of grass. That is a very important ego system here. Nice that you still have your dad and that you are taking care of him. Mine has been gone for 20 years now and I really miss him. A true anarchist and so was mom. Anarchist from day 1. Pioneers too so I was taught to be a prepper then. So many times I heard; Better safe than sorry :)
EverGreenCoin. One of the newest cryptocurrencies on the market. It's foundation is designed to fund wind and solar power blockchain projects. 10x faster that bitcoin with a more eco-friendly algorithm!
How to become bitcoin trader? Exactly like Bitcoin, multiple digital currencies exist in the marketplace. So if you prefer to buy a few other currencies which aren`t available on Indian Exchange than you can utilize Bittrex. All you have to do is locate an exchange that you favor. Cryptocurrency exchanges have a massive potential to modify peoples minds and opinions concerning cryptocurrencies generally speaking and their application in actual life. So even in the event the exchange is attacked, its still true that you have your money. Furthermore, the exchanges prepare each and every industry for Bitcoin expansion. Existing stock exchanges will also compete to be able to fulfill the users configuration requirements. Sooner or later later on, the prices will grow more equal, meeting somewhere in the middleyour profit is equivalent to the quantity of convergence. No matter how far it is from Kijun, it is likely to return and test that level at some point. The amount of bitcoin is perpetually changing. In the US, it is 1000 USD. Whats even better, seek the services of a seasoned lawyer or at least ask for an in depth consultation. So youve read the newspaper about the meteoric growth of crypto currencies including Bitcoin or Ripple. Then coming up with 1000s of exchange rates simply to go out and get groceries is nearly impossible. Many cities around the world provide a bitcoin ATM where you are able to trade cash for bitcoin. The cryptocurrency world isn`t efficient.