Edit: didnt read whole post

Crypto is 100% in a bubble. Having said that even when there are bubbles certain key players emerge from the ashes. I got in on Dogecoin back when it first came out. HODLed them and when they went up to 2 cents each (when I started it was 14 cents for 1000) I converted it all to Cardano. Seems to be the best one moving forward and after the burst I see them being a key player. BTC is not entirely sustainable as by 2020 verifying a transaction could use as much electricity as the country of Denmark uses in 1 day. Cardano is proof of stake, and the first peer reviewed coin and backed by actual science. The founder was a cofounder of ETH so he is a smart dude.

I wouldn’t worry about BTC. People will solve the issues or it’ll fork, or something. Too much invested now to let it die.

All the sky falling people two days ago are pretty quiet about the rebound.

I am planting crypto tulip bulbs on my virtual land where I live with my virtual family and spend my cryptocurrency. And I lived happily ever after until the power got cut and reality intruded.

Eth, Geo, Sia, Zec, Btc currently.

That's about all I hold. I feel the most confident in ethereum. I could see it it at $1,500 real soon.

I love forks. I have some very old HODL in BTC and I get free coins from it. No problem there for me. I am not concerned that BTC is going to fail however it will be interesting to see how they solve it. Also it can very easily fail regardless of the amount of money in it. By 2020 the dominance could be at an end.

what is the deal with bitcoin cash? a spinoff of bitcoin?

A fork. So if you had btc at the point before the fork you got free bch.

interesting, its worth significantly less, whats the viability of it going up? can people mine that too?

I must be getting old. I don't understand the whole using real money to purchase virtual land and stuff?

That being said it will probably be a big success... for a while.

no idea if it will go up. would be all speculation. people can mine it as this is what keeps the network running.

The majority of my investment is in ETH but I'm also holding BAT, SC, XLM, XRP and FUN. I'm super excited to see where FUN goes.

I invest in vaporware whenever possible.

The RNG isn't performed on the main Ethereum network. FUN have created what they are calling "Fate channels" which are essentially instanced networks. So a gambler and the casino would engage in a contract inside of a Fate channel where all of the calculations are made regardless of the number of bets placed or games played and only once the gambler decided to quit their session, would the transaction go onto the Ethereum network. Example: I want to play blackjack, I bring 10,000 FUN to the table. A Fate contract is started with my 10,000 and the casinos 100,000 FUN (or w/e requirement for staking is), I can then play as much or as little of that as I want instantaneously in the Fate channel. Say I gamble 50 hands and want to cash out, I would then quit the session and the Fate channel would then end and the final transaction would be processed on the Ethereum network. I could have explained this poorly but that is my understanding of it.

Basically the Fate Channels allow you to bundle an entire gaming session into one transaction as opposed to processing each individual hand in the session on the main Ethereum blockchain.

JPOP coin?

where do you guys mainly buy this stuff? Coinbase?

You can buy 4 different coins on Coinbase but to buy any of the altcoins, you have to get them from an exchange.

Some Asian countries are looking to ban or greatly restrict cryptocurrencies--might have to watch out for that since that's probably where a lot of the market for it is.

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

Where does one spend this cryptocurrency?
Is there any tangible backing or is it all speculation and demand?

On the dark web.

https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965

Quite a few actually.

"Investment".

So pinball machines are not an investment but virtual currency is? Hmm.

Why don't you get off your high horse!

I don't know why you have to get yourself so uptite.

I thought it was common knowledge that cryptocurrency was payment of choice for all things on the dark web.

Or maybe you don't watch the news?

Legitimate websites are starting to accept it here and there. It's by no means universal, though.

Some gaming sites, newspapers/magazines, electronics retailers.

https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965

Well maybe you should have specified that then. Someone asked a question, and I gave a straight answer.

And best thing is probably not to get bent out of shape when somebody posts a legitimate answer on an open forum. You are free to go start your own website anytime.

You're answer was misleading and you know it. Crypto use is not all about the "dark web"...give us a break. Cash is still KING when it come to illegal usage.

You didn't mention dark web or where to spend crypto. And there's no hate about it. I'm sure those that do spend it and receive it via the dark web are very happy that option is available.

this boggles my mind. How could people not have seen that coming, and how does it have any longterm viability?

was anyone using bitconnect before it imploded?

Anyone have any advice on the hard fork tomorrow with Eth? Rumors are swirling that some of the exchanges like Coinbase are not going to recognize the distribution of EthZero right away (like Bitcoin cash). I had a couple of people telling me to temporarily move to another wallet.

Just seeing if anyone else wants to chime in on your plans.

Valid concerns. Sustainable? Who knows . . . yet.
But, there MUST be some valuable outcome from the blockchain concept.
My take is: Whoever develops the applicable uses of blockchain technology
will be the winners.

Not sure if verifying a transaction of the transfer of a cryptocurrency
is the best use of blockchain technology, but time will tell.

What’s the deal with bitcoin futures? How often is this going to be happening?

Also why in the world is tron going back up? I thought everyone thought they were shady and was jumping ship? Has there been a real announcement?

170919094555-euros-in-toilet-780x439 (resized).jpg

I want to be baffled at the fact TRX is going up but I get the idea that most of the new investors have no clue what they are doing and just following the shills. I hate it because this is the type of behavior that ruins it for everyone.

Yeah just buying the cheapest coin or remembering someone said something about some tron coin once so they blindly buy.

Imo tron going back to 3 cents until some concrete news comes out.

One might argue this is the type of behavior that causes initial investors to get rich. You can't sell for a profit if new people aren't buying.

I am not invested in cryptocurrencies. The technology is interesting, and has applications, but the specific implementations are not being uptaken as legitimate payment methods at nearly the adoption rate expected for the trillions of dollars of market capitalization for cryptos. The reduction of the bank as the middleman and speedy and cheap transactions didn't happen, instead its probably cheaper to paypal someone money at this point than send them bitcoin and have them cash out.

Long term, isn't the increasing value of a crypto at odds with using it as a payment? Who would want to pay for something with a crypto if the crypto is gonna be worth more tomorrow?

I have a friend who begged me to get into Bitcoin Back in 2011. He invested 1000 dollars and purchased them
as a high risk investment. He also invested 1000s of dollars on a bitcoin mining rig of several video cards.
Back in 2014 he bragged he had over a 1500 bitcoins and wasn't interested in selling. I'm not sure where
he is at now but he told me that he started selling them off a week ago and was bitching about not selling them
sooner. He plans on completely divesting himself of them.

He told me that he had grave concerns for bitcoin value in 2017 and skeptical of growth. In essence he is laughing
at people clamoring to get on board now.

Maybe he's right, but he may also be selling before 1 BTC = $100k. If I were in his shoes, I'd probably be happy to cash out now, but I'd still want to hold onto a small amount just in case Bitcoin goes on another moon mission.