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Crypto Currencies, and the next big thing

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^^^ Quite correct..... Bitcoin kicked the whole thing off - that's all.

It's not about bitcoin.... it's really about the underlying technology "Blockchain" This will be the game changer.

If your interested here is a bit of an introduction into what some people say is the logical missing piece of the internet - it's real purpose.

 

galumay

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It's not about bitcoin.... it's really about the underlying technology "Blockchain" This will be the game changer.
Again you are thinking in absolutes, the real world isnt like that. It may be a gamechanger, it may disappear without a trace, thats the nature of technological innovation.

The question for an investor is whether there is anything investible, clealy cryptos arent, and as yet there is no clear way to invest in the technology of blockchains.

Its great that you are interested in the technology, dont assume because we dont see an investible product or business yet, that we are not interested too. I can see all sorts of uses for the blockchain technology, but I have seen many great tech ideas evaporate or be superseded by something else.

I think we should all be reading about it and learning, but you also need to be aware of the biases of your mind and others, dont assume that all the predictions will come true and dont bet real money on blue sky.
 
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I don't know what you mean by "there is no clear way to invest in the technology of blockchains"

How did you come to that conclusion? Obviously, not by studying what is going on in the space.

My portfolio is real and it's grown significantly - or is that just an illusion?

Believe it or not..... There is absolutely nothing wrong with believing the glass is half full - it sure beats thinking North Korea will end it all next week.
 
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^^^ Quite correct..... Bitcoin kicked the whole thing off - that's all.

It's not about bitcoin.... it's really about the underlying technology "Blockchain" This will be the game changer.

If your interested here is a bit of an introduction into what some people say is the logical missing piece of the internet - it's real purpose.

Maybe should rename to CrockChain lol
 

Joules MM1

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so, azyadoo, i went and looked at cloakcoin, azyadoo, headed over to coingecko, azyadoo, checked out the crypto currencies available

597

yep 597 and that's 'so far' .......

https://www.coingecko.com/en?page=6 "krypton" (no kidding)
 
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^^^ Really just goes to show how little you guys know there are 1,152 listed cryptocurrencies listed and they are not all coins.

How are those TLS shares you guys got performing this month? The $1.50 dividend is coming up - whoo hoo. Treat Mrs Gumnut to Dinner at Wendys.

Bitcoin isn't doing too shabby this month - went up almost 5% last night.
 

Value Collector

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^^^ Really just goes to show how little you guys know there are 1,152 listed cryptocurrencies listed and they are not all coins.
Do you remember "My space", it was a really popular social network before Face book killed it.

How many of those "cryptocurrencies" are going to fade away like My space did?

How are those TLS shares you guys got performing this month? The $1.50 dividend is coming up - whoo hoo. Treat Mrs Gumnut to Dinner at Wendys.

Bitcoin isn't doing too shabby this month - went up almost 5% last night.
Does Bit coin pay a dividend? does it earn anything?

Anything can go up in price when buyers out number sellers, But that can't go on forever, eventually the bubble must pop, as it did with gold.

Any non productive asset such as gold or bit coin, will be killed over time by productive assets, I am not saying you can't make money speculating on price in the short term, but in the long run only productive assets can generate the sorts of returns you need to fund a long retirement or maintain a family dynasty.
 
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Yes I remember My space? I also remember Ask Jeeves. Hundreds of these cryptocurrencies will go the same way - however a few of them will and are becoming mainstream. Isn't that like everything else?

https://entethalliance.org/members/

While the currencies don't pay what's called as "dividends" some people earn money from them in two different ways: Proof of Work and Proof of Stake

https://medium.com/@karthik.seshu/cryptocurrency-proof-of-work-vs-proof-of-stake-e1eee1420b10

Having been involved in trading the ASX for over 10 years I reckon one day in crypto is about the equivalent as one month in the ASX.

It is a massive learning curve and as much as you want it to go away - it won't.
 

Joules MM1

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^^^ Really just goes to show how little you guys know there are 1,152 listed cryptocurrencies listed and they are not all coins.
that's beautiful .......1152 (and counting, right?) guaranteed success then, huh

do i hear "industry consolidation"

so long as youre happy with your equity curve and the end of the trade, then, good for you
 
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The crypto markets don't close - 24/7 there are lots of exchanges, and different types of exchanges. The exchanges have open source APIs allowing anyone to build their own trading tools without fees. Transactions are as low 0.25%. It's extremely volatile. Probably best of all AFAIC is the number of ideas that are coming out of the sector - it really is mind boggling.

The ASX is a horse and cart - them were the days, hey pops? Before all those new fangled noisy poluting cars and stuff.
 
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The ASX is a horse and cart - them were the days, hey pops? Before all those new fangled noisy poluting cars and stuff.
Similar claims were being made just prior to the tech-wreck in 2000. Old Economy vs. New Economy. We should be investing 100% in IT.

This bubble will burst sooner or later, I hope you keep some of your profits on the sideline or invested in 'traditional' asset classes when it does.
 
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Yeah. And your point is?

The tech bubble didn't kill the tech industry - it didn't go away, it got stronger - way stronger. The ASX is built on the tech industry - just banks holding it back. It will probably be one of the first industries to go the way of blockchain.

Bitcoin has bubbled about 5 times already - it hasn't gone away. Blockchain isn't going away.

What do you guys do all day on this forum? Talk flat earth theories?

It's my turn to give up.
 

Value Collector

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Yes I remember My space? I also remember Ask Jeeves. Hundreds of these cryptocurrencies will go the same way - however a few of them will and are becoming mainstream.
If they do go "Mainstream" then I won't need to "Buy" cryptocurrencies, All the businesses and properties I own will just start charging in Crypto for the products and services they produce, and I will get Crypto as dividends.

Either way, I would still be looking to convert the Crypto back into real producing assets as soon as I could find suitable assets for sale, just like I convert the cash I earn today.

I don't want to stockpile either crypto or cash, producing assets is where the cash generation is, ask your self, do you want to own cash, or a machine that produces cash?
 
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You guys are talking coins/tokens/money. That's one part of it - that's bitcoin. If you open your eyes you will find out that there is more to it - much more.

The only reason I'm accumulating in this area - while also gambling with 10% - is because long-term I plan to own a machine that produces cash.
 

Value Collector

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You guys are talking coins/tokens/money. That's one part of it - that's bitcoin. If you open your eyes you will find out that there is more to it - much more.

The only reason I'm accumulating in this area - while also gambling with 10% - is because long-term I plan to own a machine that produces cash.
I think warrens argument against gold in this video also applies to Bit coin accumulation.

If a genie came to you with a gift, where you could choose between owning every piece of Real estate in Australia (e.g. every House, office, shopping centre, farm etc etc the entire land mass) or a similar dollar value of Bit coin.

But the catch is these assets are the only assets your family can ever own, for ever.

Which would you choose.

Obviously they start at the same dollar net worth, and both could fund a lavish lifestyle but if you chose the bit coin every time your family spends a bit coin, your asset base is depleting, however if you chose the real estate, you would have Billions of dollars flooding in every year, and would never need to deplete your asset base, because the cash flow would be funding your lavish life style.

So if you wouldn't choose the genies bit coin deal, why choose to buy the bit coin in the market now? constructing a portfolio of producing assets should be your aim.

Watch the video from the 2.45min mark
 
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