Perhaps this is my first light recommendation in the crypto-space; but you should look at Monaco — a financial products company that permits people to use debit cards to make transaction, in addition to buying other cryptos via their app.
Clearly, I have no way to value these companies, since financials are a moot point and buyers of the ‘currency’ do not get a piece of the company, but the buying power for their products.
Of the top coins out there, here are today’s biggest movers.
Someone really took a knee on crypto, guess it just breaks you down doesn’t it
Buying and storing alt-coins sure isn’t as easy as Coinbase. You have to go thru some odd exchanges, guess on fees, timings.. and safety, store them in a local wallet.
https://shapeshift.io
Seems to be the recommended way without an account to send from one cryto to another.
What about Monero?
I was looking at the card offerings last night on this. https://www.mona.co/cards
For 500 MCO ( about $7,500 now) you can get the precious metal card and start earning 1.5% cash back in crypto.
Imagine if Monaco goes back to it’s old highs of .005 btc (it is currently at .0001 btc) Then imagine if BTC goes to 100k. Each MCO would be worth $500.
Right, which is why it’s interesting.
You’re double-counting gains. You never hear about (professional) currency traders saying imagine if $1 CAD went to $1 USD (from 0.78), and if $1 USD went to 1 EUR (from 1.18) and think about a 50% gain in CAD/EUR. Fly, you should know better.
As BTC goes up, everything priced in BTC – including other cryptos – would go down in value as measured in BTCs.
Thats not double counting gains, but simps pointing to a correlation or exchange rate that could reassert itself at some point. Stop being retarded.
Ok, it’s not double-counting by definition. However, it’s much more simplistic to assume that 500% increase in valuation of BTC would not negatively affect the BTC valuation of your investment.
MCO may well appreciate in USD valuation (I don’t have enough info to make any judgement in that). However, the implication that BTC and MCO move independently is truly retarded.
If bitcoin doubles vs the dollar, and MCO stays the same vs BTC, then MCO will have also doubled vs the dollar.
I’m not arguing math, I’m arguing econmics.
Let me simplify for both of you: implying that MCO/BTC and BTC/USD move independently is as naive (or deceptive) as arguing that CAD/USD and USD/EUR move independantly.
I just lost 50 IQ points reading this thread.
dot com bubble, housing bubble, crypto bubble. Ready to “embrace the horror” again, yes we are.
https://www.ft.com/content/7f02cdba-dbd6-11e7-a039-c64b1c09b482
cheers.
“My First Semi Crypto Recommendation”.
I’d like to call a top right about here.
So are you calling one, YOU ABSOLUTE GIGANTIC FAGGOT?
Indeud (no homo), give or take a few days.
I can see it now… a Gigantic Black Swan Faggot Coin….a Coin to Rule all Coins.
I suspect their will be many tops called in the crypro world in the next few years. Some might even last six months.
MCO was my first true altcoin buy just after ICO. People warned about it being a scam for a while. The CEO had a previous corp blow up. That being said I made some money in the past on it. I hope that you do too.
Maybe one could have the option to pay using a crypto for a PPT subscription?
Seems the real crypto is going to be a cash option and a stored value. This whole debate about BHC being Gold 2.0 is dumb.
I want my crypto to have value and be an easy method of payment.
Not some Gold 2.0 bullshit.