6 ms·

Generally, this would be the point in the market where you would want to start buying assets. But this being crypto, you may be better of heading to a casino.

dragontamer 4y ago
I think its safe to say that cryptocoin volume for the near future is dead. Coinbase makes its profits / revenue off of trades, akin to how ETrade used to offer $7 per trade, Coinbase skims a touch of money per trade to enable BTC and USD exchanges. The fewer people exchanging BTC / ETH / USD / (etc. etc.), the less money Coinbase makes. And vice versa, the more people doing this activity, the more money Coinbase makes.
AustinDev 4y ago
'Bitcoin is dead' I've heard it said during ~6 different epochs since I first mined a block in 2009. We'll see how it goes.
- ramphastidae 4y ago
  You have been fooled by 0% interest rates.
- fbrncci 4y ago
  There have been countless of technological achievements since 2008/2009, which have seen mass user adoption, to the point where we have apps and devices which we can't think without. Yet, Bitcoin with so much promises, in the same time (~6 epochs), has yet to achieve any sort of consumer adoption (in 14 years!). I'm hardly willing to call Bitcoin alive.
  - smackeyacky 4y ago
    I don't think you would call it dead, just a failure at the original objectives. Its the greatest and most successful rube farming exercise in history, which is...not nothing.
- rchaud 4y ago
  At this point it's similar to that wall mural that reads "God is dead - Nietsczhe" "Nietschze is dead - God" The first line would be written by those that entered crypto having believed its promises of financial salvation, but ended up losing a lot of money. As far as they're personally concerned, crypto is dead. The second would be written by those who have already bestowed supernatural qualities upon Bitcoin, and thus no longer concern themselves about its relationship to earthly reality, i.e. its price in dollars. The focus is now about more abstract concepts that don't easily translate to hard cash.
lrvick 4y ago
Been buying the whole way down. Cryptoassets are all on sale.
- blitzar 4y ago
  Nice bag you are holding there. Where did you get it?
  - lrvick 4y ago
    I certainly do not hold cold funds anywhere I can readily access, if that is what you are poking at.
    - blitzar 4y ago
      It is not ... you must be new to crypto https://en.wikipedia.org/wiki/Bagholder https://en.wikipedia.org/wiki/Bagholder
      - lrvick 4y ago
        Been in it for a decade. Bought my house with Bitcoin, get paid in Bitcoin, and frequently buy things online or IRL with it. Privacy, censorship resistance, proof of reserve, inflation resistance, digital payments for the unbanked, and near-free international money transfers are all highly valuable advantages of cryptoassets over fiat that will be here long after the luddites and speculators move on. IMO cryptoassets are likely overvalued in the short term and dramatically undervalued for those planning longer term for another decade of inflation. As long as you diversify and dollar-cost-average it all balances out.

dragontamer 4y ago

I think its safe to say that cryptocoin volume for the near future is dead. Coinbase makes its profits / revenue off of trades, akin to how ETrade used to offer $7 per trade, Coinbase skims a touch of money per trade to enable BTC and USD exchanges. The fewer people exchanging BTC / ETH / USD / (etc. etc.), the less money Coinbase makes. And vice versa, the more people doing this activity, the more money Coinbase makes.

AustinDev 4y ago

'Bitcoin is dead' I've heard it said during ~6 different epochs since I first mined a block in 2009. We'll see how it goes.

ramphastidae 4y ago
You have been fooled by 0% interest rates.
fbrncci 4y ago
There have been countless of technological achievements since 2008/2009, which have seen mass user adoption, to the point where we have apps and devices which we can't think without. Yet, Bitcoin with so much promises, in the same time (~6 epochs), has yet to achieve any sort of consumer adoption (in 14 years!). I'm hardly willing to call Bitcoin alive.
- smackeyacky 4y ago
  I don't think you would call it dead, just a failure at the original objectives. Its the greatest and most successful rube farming exercise in history, which is...not nothing.
rchaud 4y ago
At this point it's similar to that wall mural that reads "God is dead - Nietsczhe" "Nietschze is dead - God" The first line would be written by those that entered crypto having believed its promises of financial salvation, but ended up losing a lot of money. As far as they're personally concerned, crypto is dead. The second would be written by those who have already bestowed supernatural qualities upon Bitcoin, and thus no longer concern themselves about its relationship to earthly reality, i.e. its price in dollars. The focus is now about more abstract concepts that don't easily translate to hard cash.

lrvick 4y ago

Been buying the whole way down. Cryptoassets are all on sale.

blitzar 4y ago
Nice bag you are holding there. Where did you get it?
- lrvick 4y ago
  I certainly do not hold cold funds anywhere I can readily access, if that is what you are poking at.
  - blitzar 4y ago
    It is not ... you must be new to crypto https://en.wikipedia.org/wiki/Bagholder https://en.wikipedia.org/wiki/Bagholder
    - lrvick 4y ago
      Been in it for a decade. Bought my house with Bitcoin, get paid in Bitcoin, and frequently buy things online or IRL with it. Privacy, censorship resistance, proof of reserve, inflation resistance, digital payments for the unbanked, and near-free international money transfers are all highly valuable advantages of cryptoassets over fiat that will be here long after the luddites and speculators move on. IMO cryptoassets are likely overvalued in the short term and dramatically undervalued for those planning longer term for another decade of inflation. As long as you diversify and dollar-cost-average it all balances out.