Quote from: coins1234 on November 27, 2017, 09:35:40 PM

Quote from: Bonanzacoin on November 26, 2017, 06:50:50 PM

Quote from: coins1234 on November 21, 2017, 12:28:49 PM

Quote from: Temporel on November 21, 2017, 11:18:16 AM

Quote from: coins1234 on November 14, 2017, 04:38:06 PM

Tbh, like many have said, the technology behind the blockchain is the future not the actual crytocurrencies themselves. Cryptocurrencies will keep rising in the short term, but eventually there will be a MASSIVE drop....perhaps even to zero. This is almost certain to occur in my opinion.

Governments have 2 tools to maintain economic stability, monetary and fiscal policy. If bitcoin was to become more important than fiat currency, then the gov loses it's monetary policy- this will NEVER happen, it is too important.

Governments don't have to outright ban cryptocurrencies, they merely have to release a state endorsed digital currency regulated by the central bank. This renders private currencies void....

Only currencies that make active uses of the blockchain technology for services eg Ethereum/Lisk will survive. Most of the growth in alt coins is sheer speculation nothing else.

such a clueless post. Oh right, a noob...

Giving an insult is easy, anyone can do that. An intelligent answer that actually analyses the facts in objective detail is much harder to do. I doubt you are capable of that.

Quote from: Cryptopeer on November 21, 2017, 09:52:46 AM

Dont know what u want to say?
If tommorow everybody sold there gold because nobody want it the price wil drop

If tommorow the cumcumbers are hard to get de price wil go up

Good job you are so smart that there wil be a correction, that how it works it doenst matter if it crypto of what the fack else

I invest is groestl because i like the coin , the team
And I believe in it and only the community can make this coin great

You "invest" in Groestlcoin just like everyone else because we are all speculators. No one is buying GRS because they are using it as a currency, virtually everyone is purely buying for speculative/investment purposes.

As a real currency what is GRS, or any crypto really worth? A store of value you cannot spend is worth nothing.

The difference between Gold and GRS is that Gold has a number of physical uses in industry/jewellry. Just say people stopped buying Gold for investment purposes, it could still be used for other means and would keep a decent percentage of value. Like all tradable metals, they have other uses apart from a store of value- and for those exact reasons make them an ideal store of value because players in the market know they have a demand!

For atleast a couple of years cryptos will keep on rising. Alot of money could potentially be made. All I am saying is that be ready for the government crackdown when it occurs. Take atleast some profit and put it into a fiat instrument.

i partially agree with you, because... people can still choose between, if it happens, a crypto that government gives out or decentralised crypto....

The point is, the idea behind cryptos is that they are self sustaining. You pay for services in virtual coin, you are paid in virtual coin etc. They are legal tender. Fiat is eventually wiped out.

If you are still thinking in terms of fiat, whilst purchasing bitcoin, you missed the point of it. The ideology is that Bitcoin will become enough on it's own and doesn't need to be valued in dollars.

Most governments are happy to let this industry evolve because of the technologies that will become available through it. Blockchain has massive potential for the future, but there is no way they are going to let it take over the monetary system. Cryptos will effectively be banned by the gov, and the effect on their prices will be sudden and dramatic. Most will go to zero, except for a couple that promote the blockchain platforms that enable developers to utilise and promote the environment, eg ethereum/lisk.

Like i said previously, a store of value alone is worth nothing if it has no monetary value. Without the ability to spend virtual currency, it is worthless.

GRS/Bitcoin will indefinitely remain a purely speculative instrument for risky investors nothing more or less.

thats why i dont have much btc and "coins" cause i dont believe in it, but who knows. Though i do believe in utility tokens and platforms and thats where most of my money is.