You are clueless
The point of crypto is to create Decentralization and no longer allow the banks to control your financial holdings... get with it dude. They are not building their own blockchains and you have no idea how it all works
OT- Bitcoin
- Thread starter redwine65
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The point of crypto is to create Decentralization and no longer allow the banks to control your financial holdings... get with it dude. They are not building their own blockchains and you have no idea how it all works
I know exactly how it works. And banks are building, or have already built, their own blockchain. Banks are financially backing blockchain products. They are adopters of blockchain technology and are using them for asset transfers as we speak. Whether you like it or not is another matter, but they are heavily involved since about 2013.
Do you know what the blockchain is? Banks are not building Blockchains, they are investing into current ones and offering it to their clients. You do NOT know how it works
Yes, I know exactly how it works. You know it's not THAT hard to build your own right? You hire programmers and they'll build you one, last I checked you could get a pro to do it for you for about 300k.
Listen dude you are confused on the actual blockchain and having an application on the blockchain.
Ethereum
Cardano
Bitcoin
Etc..
These are Blockchains
You are never going to see "First National Bank Blockchain" competing against the ecosystems like Ethereum. First National Bank may create a defi application on Ethereum or Cardano, but what you are confused by is people will one day realize that you don't need to store your money in the Bank defi. The banks are investing in it, because they know they need to offer it very soon
I have developers building a defi/nft system on Cardano right now... I know more than you about this so give it up
I'm not confused at all. I'm not talking about tokens riding on other blockchains, I'm talking about actual blockchains. You're about to see a flood of them from financial institutions and central banks. Not on the programming layer of Ethereum or a fork but their own blockchains.
It will fail... the point of the blockchain is to not have a dominant currency like the dollar. You mark my word, if the the United States goes this route, we will be a has been country
We are already a has been country. $33T+ in debt.
And the only think that stops a severe recession is us adding to the debt.
You should ask the guy who pled guilty to laundering money today...he could provide a better answer.
He didn't, but you're sitting here saying it so I thought you'd know.
Wasn't it just like late last year, legislation was being peddled to all legislatures of all 50 states to legally only recognize digital currencies by the FED and the largest banks in America?
Wasn't the Governor of South Dakota the first one to sound the alarm on that?
Wasn't the Governor of South Dakota the first one to sound the alarm on that?
On Sept 20, 2023 the House Financial Services Committee has banned the Federal Reserve from creating a Central Bank digital currency.
COIN...that stock has been going bananas the last month or two. Jump on it!
How are you guys doing? I just got in and had to check out Big Red latest and I saw this. Would you tell me your thoughts on this? Did you have a good Thanksgiving and how is the daycare coming along? I'm thinking the govt is so corrupt that it's just a matter of time and we are going to wake up one day and people are not going to recognize that we no longer have a Republic. I'm seeing a little more about food shortages and of course I think about you. How's your health holding up and how's the horseracing going?
Why do you say that? I have none, but I like to hear what other people think. I messed up, I thought I sent my response to him direct, I think I need a nap.
Gold .. heck even the US dollar sadly.
BTC price two years ago - 60k
BTC Nov ‘22 - 16k
Now - 41k
I think a 73% drop in value is an epic failure. But certainly is showing can rebound quickly. BTC can make you rich or broke
I am lame so I just buy it in little increments. 25 cents here, 1 dollar there. I think of it like using my spare change.
So if it goes even more insane and ends up being worth 500K a coin, I will make a nice little return
Yeah nothing wrong with that… like I said. It’s shows to be able to pics back, but can also crash very very hard
Oh trust me, Bitcoin and all those coins are totally fake and worthless and there is no chance that it is the currency of the future, but if I can make a little on it now, I am fine with that.
****, I have stock in a Russian bank I bought right before the "war" started and before Joe decided to shut down Russian trade...but I will quadruple my money on that stock, assuming we ever are allowed to trade again.
I love it Bob, for a minute there I thought you were confused, and for damn sure you were confused. LOL
Its okay, for the guys on the forum that may not know this, countrybob and I are very good friends. He's a man I have tremendous respect for and typically we send messages in the private forum. Thats the reason for his inquiring Turkeyday and health and my daughters daycare project.
By the way Bob, I just got up from my nap. LOL
I bought and have held the BTC I purchased in 2010 for .08 each. Continued to purchase BTC all the way through a 1,200.00 price point. My son and i buy BTC weekly for my grandkids. Its done well against any barometer.
I purchased gold at 300.00 an ounce and silver at 4.85 an ounce. I also purchased more at 1,300.00 and 19.00.
Ditto on their performances.
A 73% drop is relative to what a guy paid for it.
The USD has lost almost 98% of its purchasing power in its existence and loses value daily.
I iwsh more guys would have taken a chance on BTC in past years. Had it not been for my son, I probably wouldn't have purchased BTC either. At the time I didn't understand the BTC concept but am glad my son did.
In April of 2024 there will be another halving.
As long as whatever any of you are doing and making it work, kudos for your foresight!!
Because you didn’t buy it prior to inflation going up. Your gauge is very faulty man. I get you’re a BTC homer as it made you rich… you gambled and got lucky, but BTC declined heavily during inflation
By his reasoning, bitcoin can go down to $.25 and he is still way ahead of the game.
It's volatility is exactly the trait you need in order to make a lot of money.
There is a guy at work who has bought a ton of little crypto's for like 100 bucks each. He says to me "I just need one of them to go to a dollar."
I mean, this is true! It is like penny stocks, you are sort of just hoping one hits.
**** NVDA was 40 cents at one point, now it is 450 dollars a share.
Total vegas strategy he has. But he's playing with such small sums he can lose it all and it's no big deal.
There was a strategy that I read about where you put in 10k in each player in a given sector. You hit on 2 of them 4 of them tank and 4 of them hold fairly steady. Usually those that hit, hit real big and make up for the ones that tank.
Right now, I would be waiting for AI chip developers and graphics card producers. AI has a better than good chance to revolutionize so many sectors.
I know it's a lot for some but even 1k in each of those companies even the ones that just started yesterday might be worth it.
Oh for sure...It is like the start of the internet when you went from nothing, to 10 million, to nothing all in 24 hours.