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canbuywontbuy

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About canbuywontbuy

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  1. canbuywontbuy

    Interest Rates

    LOL - absolutely. And even if they do increase interest rates...it'll be another .25% - whoopdy doo. Bold move.
  2. I also never said there was no downside. Of coure, as investors, there are obvious downsides. Without risk, there's no reward. I see it as my advantage that I can see the same things that other people are seeing (including big business), but not everyone can see it.
  3. The two highlighted sentences contradict one another. If there is no unique quality to the blockchain that a regular database cannot solve, then Ripple and the entire crypto space are worthless and meaningless. You can't say that Ripple have a use case (and I agree with you there) without acknowledging the unique utility of the blockchain. Without the blockchain, Ripple don't have a product. Regular databases are great for the internet of information. You NEED a blockchain for the internet of value. Most people won't wrap their heads around that and just reply with "tulip bubble". Until they understand the idea of VALUE being moved from one place to another on the internet and not information, then the blockchain sounds abstract and boring and they're "not sold on the idea". Nothing new there.
  4. You didn't mention what those downsides were.
  5. Use cases of the blockchain? There are many, and you can find them if you want....but here, I can Google it for you:- https://www.coindesk.com/information/applications-use-cases-blockchains/ http://uk.businessinsider.com/blockchain-technology-applications-use-cases-2017-9
  6. The blockchain IS THE THING. This is the technology that means we can send ONE instance of data, no double spend. It means we can authenticate without a 3rd party. No need to trust. I don't really like the term "cryptocurrency" - it's meaningless and makes people think of someone buying a coffee with bitcoin. Many business models that use a blockchain have tokens, not "currency". The tokens are designed to pay for services/retrieve data that the blockchain provides. The token is not used outside of the blockchain at all.
  7. From my point of view, being cash rich and understanding cryptos - you can make an absolute TON of money right now. Being cash poor but paying off a mortgage? You're shit out of luck. You're holding an illiquid, overpriced asset that will take 6 months to sell - while crypto investors make enough money to retire in those 6 short months.
  8. You don't understand the blockchain to write the above. If you understood the blockchain and its inherent benefits, you would not write the above. I'm not going to write yet another paragraph listing the various real-world problem-solving benefits of the blockchain - it's just another reminder to spend 5 or 10 minutes researching the blockchain and its various benefits. There's a lot of smart money that's invested in cryptos right now. A lot of big business too. MoneyGram, IBM, AmEx, Santander, Bosch, Volkswagen, etc. Many more big businesses to follow. The blockchain is NOT a "tulip bubble". It is here to stay. It's as significant an invention as the internet. Do NOT think of it only as "digital cash" - it solves many diverse problems that are absolutely zero to do with currencies. Research, research, research.
  9. canbuywontbuy

    The Bubbly Bitcoin Thread -- Merged Threads

    If you bought any crypto off an exchange (most people), then KYC rules mean your transaction IDs are always matched to your identity.
  10. canbuywontbuy

    The Bubbly Bitcoin Thread -- Merged Threads

    The crypto market is open to everyone. You just have to :- have a bit of fiat cash you can convert to cryptos be determined to "learn the ropes" (how to buy cryptos, how to store them safely) read up about the blockchain and its real-world benefits to the business world research which tokens so you can hold good coins/tokens that solve real-world problems and have a (potentially) good future ahead of them. Compare that to BTL - much bigger barriers to entry.
  11. canbuywontbuy

    The Bubbly Bitcoin Thread -- Merged Threads

    I agree with you here. I think BTC or any other crypto as a de facto currency will have to solve this conundrum. However, many many crypto tokens aren't even designed to be currencies - they are just tokens that are utilised inside a specific business model. For example, CVC tokens would be used by those using the CVC blockchain to access data on that blockchain. That token is not designed for buying fish and chips at your local chippy.
  12. canbuywontbuy

    The Bubbly Bitcoin Thread -- Merged Threads

    Yes for sure - market cap is a misleading number in that respect, but if the total market cap is rising, it surely indicates an overall increase in demand in the crypto market. If the total market cap nearly doubles in 30 days, with many more buyers locked out of the market (they can't join exchanges), clearly there's a huge demand there.
  13. canbuywontbuy

    The Bubbly Bitcoin Thread -- Merged Threads

    I said that the entire crypto market had increased from $400Bn total market cap 30 days ago to around $700Bn now, not Bitcoin. The entire crypto market and Bitcoin are not the same thing. I just pointed out the total market cap increase as it indicates an increased demand in this market - it's very much a bull market right now, despite a dip in recent days.
  14. canbuywontbuy

    The Bubbly Bitcoin Thread -- Merged Threads

    OK, so it's a couple of guys trading more between themselves. Somehow it's caught the media's attention. Coinbase were bullshitting when they said they were registering 100,000 new people daily on their exchange. Bittrex, Binance, Kraken - when they said they were not accepting new registrants, more lies. South Korean government getting involved with a small group of nerds swapping files between themselves. Maybe it's a consipracy. All those new projects and tokens, made up vapourware. Whatever makes you feel better.
  15. canbuywontbuy

    The Bubbly Bitcoin Thread -- Merged Threads

    Look at trade volumes to get an idea of demand. Feel free to think there's not much demand for cryptos, but you're ploughing a lonely furrow with that notion.
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