Money Printer Go Brrr... But Bitcoin and WICC is going up while IPhone is getting cheaper compared to crypto because USD is losing value. It really matters what smart asset you choose to long term Hodl!
Legal tender and tax laws unfairly restrict Bitcoin’s use as a medium of exchange. Bitcoin can’t be seriously compared to USD until it receives equal treatment under the law. Any advocate for Liberty should understand this.
It’s pointless to compare Bitcoin to USD as a medium of exchange unless it is given the same legal status.
As long as all Bitcoin commercial transactions trigger a capital gains tax, it will primarily serve as a volatile long-term store of value and disproportionately prone to speculative waves of adoption.
Credit cards fees are 330 times more expensive than Bitcoin Cash. Also, slower, more cumbersome, IF they even allow you to send the money. 2kr (0.2 USD) fee for one tx compared to 0.0006 USD for BCH. Yet BTC- thought leaders tell us to use credit cards?
08-31 07:57 - 'You know that the value of bitcoin isn’t measured is USD, right? Just because that’s what YOU compare it with to get a PRICE (as opposed to value) doesn’t mean that everyone else does. / If it’s all-time-high in another curr...' by /u/_Pohaku_ removed from /r/Bitcoin within 549-559min
''' You know that the value of bitcoin isn’t measured is USD, right? Just because that’s what YOU compare it with to get a PRICE (as opposed to value) doesn’t mean that everyone else does. If it’s all-time-high in another currency (as per the headline) then it’s likely an indication that the VALUE of that currency has gone way down and thus the PRICE of BTC in that currency has gone way up. ''' Context Link Go1dfish undelete link unreddit undelete link Author: _Pohaku_
Overbit Monday Madness: All eyes were on the #Bitcoin Twitter scam, but digital assets - BTC/USD and ETH/USD, seem to continue their popularity compared to traditional assets, even as they trade in a tight range.
Value Investing 101 - The Superiority of the Long Term Horizon
The Intelligent Investor
Leading up to the 2018 Grand IoT Revolution Event attended by our very own Knights, Waltonchain has been feeding off an inexhaustible mix of bullish news and well deserved hype, propelling the Waltonchain token (WTC) to new SAT ATH's (the Bitcoin comparative to USD). After such a torturous period of stagnation during the most exuberant bull-market we'd seen in months, it is very mentally and emotionally rewarding to witness the Waltonchain token (WTC) break past it's SAT ATH during a certainly more bearish period in the market. Congratulations to everybody that has managed to hold strong. There is no denying that was a very testing time for all. Some made it, some did not. We should not alienate those that made a decision to sell, for although in hindsight we can see better (with WTC being the best performing coin in the top 100 during 2018 so far), it is important to constantly assess our tolerance for risk, a learning curve we all must go through when diving head first into the murky waters of Crypto. Therefore, I'd like to take this opportunity to expound upon an important lesson I believe we should all take away from this experience, and then expound upon the reasons why I believe this to be the case:
Having a Long Term Horizon is the Best Strategy for the Majority of Investors
There is no denying trading can be magnificently profitable in this market; 20% daily fluctuations hardly raise eyebrows, and analyzing trading bot patterns can be quite predictable. The problem is consistency. The intelligent investor knows that the market is irrational, and believing he can predict the market tide consistently is as baseless as some of the daily prices offered by Mr Market. 1) The Market is Irrational Mr Market is our bi-polar next door neighbor. Each day he gives us a different valuation of our tokens. Quite frankly, we all think he's crazy. For the past four months he has been yelling out absurd things like "Waltonchain (WTC) - $1," "Waltonchain (WTC) - $5," "Waltonchain (WTC) - $12." We know the intrinsic value of Waltonchain dwarfs these insulting valuations, but we are getting impatient. Coins are mooning all around us, coins we sold to buy WTC even, yet we haven't made a dollar. One day, he yells out to us across the fence, "Waltonchain (WTC) - $24 USD!" This comes as a surprise to us, because Mr Market is never this generous with his valuation. Perhaps it's time to sell some? Lock in some profits. Maybe he just had too much sugar in his coffee this morning and is feeling light-headed. I should probably sell. Then again, I promised myself I wouldn't sell until WTC reaches at least $1000 per token.. Maybe I'll just wait until tomorrow and see what he has to say. The next day Mr Market leans onto the fence and yells out, "Waltonchain (WTC) - $12!" You feel the blood in your veins turn cold. All of a sudden you can hear your heart beating in your ears, and your hands are feeling awfully humid. "What have I done?" the anguished investor asks himself, "I could have doubled my stack if only I sold to Mr Market yesterday." Luckily he read this article beforehand and didn't panic sell the bottom, because in the next two days, Mr Market was calling out a $43 dollar valuation for Waltonchain, almost double the initial valuation he was planning on selling at. My point is, Mr Market is dumb, short sighted, and impatient. The intelligent investor knows this, and although there are days where you might be able to double your stack off his irrationality, you also stand to lose 50% overnight. There's just no telling when dealing with a maniac. Instead, when Mr Market is being overly pessimistic, the intelligent investor sits down and recounts on the fundamentals which bought him to invest in the first place:
Most capable, well connected, and qualified team in Crypto? Check
Innovative dual chain protocol solving scalability for global adoption? Check
Immediate real world adoption upon main-net release via 3 child chains? (Korean Smart City, Chinese Smart Agriculture, and the 3rd child chain to be revealed in early Feb?) Check
Multiple Govt Contracts for Smart Cities, Smart Waste Management, Smart Air Pollution Monitoring? Check
I could write an essay on the Waltonchain value proposition. There are so many incredible fundamental factors that provide Waltonchain with incomparable long-term value. When you've aligned your money with a good project at a fair price, it is certainly in your best interest to hold until fundamentals change. There's a reason why Warren Buffet's low cost ETF fund outpaces the returns of even the most well managed hedge fund portfolios on Wall Street in the long run. The natural advantage of no fees, long-term capital gains tax, and aversion of realized losses make it an almost no-brainer for the average Joe when choosing an investment strategy, unless of course, you think you are smarter than a room full of PhD mathematicians and world class economists pulling their hair out trying to trade their way to a better annual ROI than the market. 2) Stress free (well, almost) Trading is very mentally consuming. This is not a bad thing, and some people may find it fits their style the most. For the majority of us, trading is a hole in our pocket and a tap on our well being. There's a certain tranquility which comes from being able to sit back, enjoy a good book, and relax, all while knowing your investments are safe guarded and making you money. It's a type of freedom in my eyes. When investing for the long-term, you don't have to fear when seeing a market correction of 40%+ because you've already evaluated the intrinsic value of the token, and have concluded the market is irrational, preemptively deciding you will not sell regardless of exuberance or depression. This can save a lot of money and a lot of heartache. 3) Price doesn't determine value, value determines price We heard it for months; Waltonchain is a scam. Vechain is superior. Sell your bags. There will be no moon. Blah, blah, and BLAH. Guys, if you want to take yourselves seriously as value investors, you have to give up looking to Reddit for advice. The cryptocurrency sub is filled with maximum levels of autism. Everybody thinks they know it all, but they don't. Nobody knows what the market can do. Nobody. Not even Warren Buffet. What determines value then? Real world business and consumer applications unique to the Blockchain which improves every day life and business conduction? That's value. Increases of efficiency in a supply-chain using the Waltonchain platform? That's value. Combining RFID technology with the Blockchain resulting in major cost cutting for a business? That's value. An animal-conscious consumer able to accurately identify what materials were used to make her new jacket which is eerily similar to leather? That's value. Yes, these factors of value are all intrinsic to Waltonchain so I apologize if you feel I'm being biased. What I'm saying is, it is up to you to determine the value of your Blockchain project, and stick with your guns when the entire market is laughing at you. That's what defines a real investor.
One of Warren Buffet's most profound lessons, in my eyes, was his lesson on fundamental analysis. Sometimes, even during the exuberance of it all, we ask, at what point should we sell? This is a fantastic question, perhaps the most important one you can ask. Most crypto-goers will be quick to give you their own estimated price valuation, and not say much else on the matter. This is because they see price as an indication of value. It most certainly is not cough TRX cough. Warren tells us to constantly scrutinize the fundamentals which we believe provide our investment with value, and only sell if they change. This is why I plan on being a proud GMN holder for years into the future, and will only sell if something changes fundamentally. Other than that, you could offer me $10,000 per token in 5 years, but if nothing has changed fundamentally, I could not justify parting ways, regardless of the lump sum I've been offered. I hope this post can help a few of you further define your investment strategy and understand the difference between price and value. These will be important lessons to remember leading up to this event. We cannot tell if there will be a sell off or a one way ticket to the moon. To me, it does not matter. Remember, value is what the project can offer to those who adopt, invest, and work to secure the network in it. Price is the inevitable reflection of this value in the long term, so please make sure you have your money aligned in good projects, even if it's not Walton.
@cz_binance: RT @CryptosBatman: It's not only $BTC making moves lately. Also $BNB has done very well and it's currently trading above $23 USD. Compared to Bitcoin it's +16% in the last week, and +23% in the last month! #Binance #BNB #Bitcoin #BTC https://t.co/XqdVW4UCuO
General question: At what point does comparing Bitcoin price to fiat (USD) value become meaningless? If Bitcoin reaches 1 million, or more, doesn’t that means the trust in fiat has fallen considerably?
US-China Trade war is one more time gathering the headlines, On the global stage Bitcoin action is aggressive and Yuan is becoming weaker as compared to the USD and so, it is complicating the trade negotiation.
Started a Digital Consignment Store that accepts cryptocurrencies. Starting with a selection of used and new Thom Browne, Visvim, Common Projects, Supreme and some more.
I recently had an idea to create a consignment store that embody two things I particularly enjoy: 1) Digital Currencies and 2) Men's Apparel. I'm a huge advocate of decentralized technology, however people are not using the digital currencies as actual currency, which is a large issue when trying to push mass adoption. In the apparel scope, I've become disgusted (for lack of a better word) with how certain fashion marketplaces have "gamified" the concept of haggling to create a suboptimal experience for both the buyer and seller. I am trying to solve these issues by simply bringing them together and hopefully scaling it towards a grand vision. But for now it's simple, a shop that only accepts cryptocurrency in a format that is straightforward for the buyer and seller. Currently I only have a small selection of product, but would love to work with anyone who has been trying to sell stuff and get it on the site. I am trying to do a consignment structure that is good for the cosigner (I've seen typical consignment shops only give back 40-60% of the selling price). On top of this, I am selling a premium quality hoodie that is the same price in Bitcoin at all times, regardless of market value compared to fiat currency. It's called The 1 Million Satoshi Hoodie (1 satoshi is the smallest divisible unit of a Bitcoin, 1 million of them is 0.01 BTC, which now is ~ $80). This is another issue with the market as everything is heavily weighted on the value of Bitcoin compared to USD, not as Bitcoin as a standalone storage of value. So now the hoodie is around ~$80, but could be $200, or $20 USD depending on the market. So here it is - Maison Nakamoto. Take a look around and feel free to ask questions. You can also follow on Instagram to find out when new product is added.
Joe Weisenthal’s latest Twitter rant on Bitcoin is a perfect example why you can’t fairly compare Bitcoin transactions to USD transactions.... the IRS treats USD and Bitcoin completely different. Too bad Joe has the platform to spout this non-sense
If the IRS treated USD and Bitcoin (ie gave people a real choice) then you can be sure our community would transact a lot more with Bitcoin or Lightning
India was world's largest remittance recipient in 2015 ($72.20 Billion). Here we compare the cost to send $500 USD from USA to India between Western Union, ICICI Bank, MoneyGram, Wells Fargo and Bitcoin!
so there are around 77600000000 dogecoins as of today, and they are valued at around $.00045 each. There are about 12500000 bitcoins at about $450 each. Altogether that would make the value for dogecoins to be $34920000. So by dividing the total value of dogecoins by the number of bitcoins it would make each dogecoin worth $2.7936. So if there were the same amount of bitcoins and dogecoins, each doge would be worth $2.7936 tl;dr: 1 doge = 1 doge but, compared to bitcoin, each dogecoin is worth somewhere around $2.7936
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In part 2, Tone Vays focuses on membership tools, niche use cases of storing value on the blockchain, the volatility of Bitcoin compared to the USD, the controversy around the Libra coin and his ... Is a 100 million dollar Bitcoin possible. As institutional buyers enter Crypto we discuss this possibility against the backdrop of the looming global economic crisis. Is now the time to invest in ... For example, assume one service gives to convert your bitcoins at a rate of 1 to $5000 USD and one other offers to turn 1 bitcoin in to $5250 USD. All different things getting similar, you should ... Bitcoin vs. Stock Market - BTC Analysis. What's a better investment short, mid, and long term? In this video we look at Bitcoin compared to stock market. We also look into the btc price movement ... TO WIN A $50 VOUCHER, post your most-accurate Bitcoin's price prediction of what it will be next Monday (July 1) in the comments under this video. On Monday, we’re going to pick the most ...