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Virtual currencies, Blockchain bitcoin
royco
post Posted: Sep 18 2018, 07:48 PM
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In all developed countries people are preparing for the use of blockchain technology as the best way for distributed ledger security for transaction and value storage. (as compared to the current system with centralised databases and fiat-currency) One clear signal is the rising number of blockchain courses offered at universities or other training institutes. According to their marketing they expect the demand for IT-blockchain related jobs to explode over the next 3 years.

The number of robotic transactions is booming since years, just think about the algo-trading and high speed trading on financial markets.
No humans touch this any more.
Who speaks blockchain speaks distributed ledger, who speaks distributed ledger speaks about Bitcoin (and Ether) that are the two cryptocurrencies with own blockchains that are actually having enough "network" power to achieve the distributed ledger. All other currencies seem to either derive their value from the BTC or ETH blockchain or become actually centrally controlled databases anyway because they have a mining network that is centrally controlled.

Because of the need to verify the increasing amount of electronic/robotic transactions, the demand for mining will highly likely follow and increase exponentially over the next years. Therefore the bitcoin/ETH will increase in price (of production) and attract more miners willing to invest for a hefty return. There it is not important to have another tulip bubble growth pattern but to achieve steady growth. As time goes by the gap between the two or three cryptocurrencies that have a sizeable network will most likely increase further in stead of decreasing. Eventually other cryptocurrencies might completely disappear as they simply do not fulfil any distributed ledger requirement on a big enough scale, hence no actual advantage over a centralized database system.

This steady growth might by obtained through a balance between the exponentially rising demand and the weakness of the technology and lack of network power. Together with the built in increase in mathematical difficulty it should nurture steady increase not exponential growth. Therefore also achieving a cryptocurrency that will steadily grow in value with some intermezzo of strong growth or decline. As these parameters find a balance eventually the cryptocurrencies might become a more stable means of value storage and transactionable currency. Since several months the decline is so big that people do not want to receive payments any more with cryptocurrencies. This seems to be more a normal market cycle rather than the actual end of the mania. If unlucky, people who stepped in at the 2017 high might not see their value back until possibly many years later. As you might know, tulips are still big business in Holland and they will remain for many years to come.



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joules mm1
post Posted: Sep 15 2018, 09:23 AM
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the ? is if the $ndx $nasdaq can recover from a 78% fall, from a mania high,
to post new altime highs, which CC will do the same ?



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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Sep 14 2018, 04:00 PM
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In Reply To: nipper's post @ Sep 14 2018, 12:53 PM

thanks, nipper
a fresh bunch of tulips on the way to you for that ....deep .....sincere ....post laugh.gif




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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
nipper
post Posted: Sep 14 2018, 12:53 PM
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In Reply To: joules mm1's post @ Sep 14 2018, 12:35 PM

Well, that was not expected 😂



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
joules mm1
post Posted: Sep 14 2018, 12:35 PM
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As virtual currencies fall, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80%. The tumble surpassed the Nasdaq Composite Index’s 78% peak-to-trough decline after the dot-com bubble burst in 2000.

Crypto's 80% plunge is now worse than the dot-com bubble burst
https://twitter.com/i/moments/1040272202384515073






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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

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royco
post Posted: Sep 13 2018, 06:58 PM
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https://cointelegraph.com/news/breaking-new...ryptocurrencies



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royco
post Posted: Sep 13 2018, 06:57 PM
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https://www.independent.co.uk/voices/bitcoi...r-a8534746.html

A Rolls-Royce dealership in Houston, Texas, has just announced that it will sell you a new one for Bitcoin – 55 of them reportedly, though if Bitcoin keeps falling, they might want a few more. I suspect, since its outgoings are in dollars, it would convert the bitcoin into dollars pronto.



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joules mm1
post Posted: Sep 11 2018, 11:22 AM
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https://twitter.com/i/status/1039320117933486080
Reuters Top News‏Verified account @Reuters 12m12 minutes ago Cameron and Tyler Winklevoss get digital currency linked to the dollar approved by New York state https://reut.rs/2MhdkMo via @ReutersTV





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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

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royco
post Posted: Sep 7 2018, 06:23 PM
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https://cointelegraph.com/news/goldman-sach...k-are-fake-news



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royco
post Posted: Aug 21 2018, 07:28 PM
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https://www.newsbtc.com/2018/08/21/bakkt-ce...rypto-platform/



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