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Showing 20 of 110 results by cescudero95
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Topic
Board Speculation
Re: Bitcoin is worst investment ever
by
cescudero95
on 28/11/2018, 14:12:13 UTC
It wasn't the worst for those who got in early, remember that.  And the story isn't over.  It might not come back, we can't know for sure, but there's no certainty of doom either.  The Bitcoin story isn't over yet, but it's sure interesting to watch from the sidelines, that's for certain.
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Board Altcoin Discussion
Re: Why People Choose Cryptocurrency?
by
cescudero95
on 28/11/2018, 10:56:17 UTC
Recall that some people chose it for anonymity: they wanted an exchange solution where governments couldn't see what you were buying, who was exchanging, etc.  Bitcoin was born among the financial crisis, going live near the market lows of 1Q 2009.  That spirit is still in the market, and we'll see where it takes us if such dreams can be realized.
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Board Altcoin Discussion
Re: Is it true that 99% of all airdrops are shitcoins of bad projects ?
by
cescudero95
on 26/11/2018, 10:57:40 UTC
Yeah, it's pretty hit or miss.  So consider that when you're choosing how to allocate your time.  If a project is likely to fail, or no value pans-out, then maybe your time is better spent elsewhere.  Opportunity cost is a very real thing, and you should keep it in mind.
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Board Altcoin Discussion
Re: Do not be deceived...
by
cescudero95
on 26/11/2018, 03:49:28 UTC
It's all about sentiment.  Unlike equities, it is difficult to determine a valuation for this asset class.  In the same way it was difficult to determine a valuation for tulip bulbs or beanie babies.  Those analogies do make you think, don't they?  Some still have their beanie babies.
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Topic
Board Speculation (Altcoins)
Re: what happened to ethereum prices now.
by
cescudero95
on 25/11/2018, 13:59:18 UTC
Welcome to the popping of a bubble.  If/when the market comes back is anyone's guess, really.  When and how sentiment will turn is not really knowable, and technicians aren't going to help you with these predictions.  Sadly, a lot of wealth has been wiped out.  Times are changing, indeed.
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Topic
Board Altcoin Discussion
Re: RIPPLE
by
cescudero95
on 23/11/2018, 10:15:20 UTC
While there are ongoing debates about XRPs nature and lack of decentralization, it does appear to have a competent team behind it (in terms in promoting the adoption of Ripples networks, including xRapid).  This bodes well, as does the lack of forks or infighting a la Bitcoin & Co.
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Topic
Board Altcoin Discussion
Re: crypto careers?
by
cescudero95
on 22/11/2018, 03:38:06 UTC
Might as well set yourself up for the next bull market.  Timing is everything, and right now when the going is tough and sentiment is poor things could be cheap for you.  Why not give it a whirl?  Depending on your other opportunities and all, specific to your situation.

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Topic
Board Altcoin Discussion
Re: There is no more hope in cryptocurrency
by
cescudero95
on 21/11/2018, 09:49:11 UTC
It can be good to be a contrarian.  When sentiment is at it's lowest it's often time to buy.  That is synonymous to what a number of financial players have said throughout history akin to Baron Rotschild's 'When there's blood in the street, it's time to buy', referring to real estate specifically.  That goes for pretty more any asset class.  We may be nearing a new buying opportunity.
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Topic
Board Altcoin Discussion
Re: will everything change?
by
cescudero95
on 21/11/2018, 03:34:48 UTC
I wouldn't be surprised if Ripple overtakes BTC within the next few years.  Bitcoin is suffering from infighting, forks, ledger filesize issues, etc.  Ripple has no such issues, and continues to achieve increasing levels of enterprise adoption.  They just signed up a network of banks in the AP region this last week, for example.
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Topic
Board Altcoin Discussion
Re: Can blockchain replace bank?
by
cescudero95
on 20/11/2018, 10:02:16 UTC
I'm curious, how is loan approval/validation performed on the blockchain?  One of the key functions of any banking institution is the extension of credit.  Therefore, you cannot be anonymous if you wish to be approved for a loan over a blockchain solution.  How, otherwise, could the creditor(s) assess the credit-worthiness of the borrower?

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Topic
Board Speculation (Altcoins)
Re: Ethereum will jump higher to 400-500 USD after get 150 USD
by
cescudero95
on 20/11/2018, 03:52:20 UTC
Some people believe that the price of Ethereum will continue to fall to the price of 150 USD, before reaching that price Ethereum will not reach the best price or will not experience Bullrun, maybe soon Ethereum will reach the price of 150 usd, some predictions have been made by the crypto experts on this matter, that Ethereum will repeat the price last year before experiencing bullrun, and now the price will be fulfilled a little longer, are you sure about this? Because if yes, maybe we can buy now at a price that is still cheap


Do you have any sources?  Any links?  Where is this 400-500 assertion coming from?  I haven't seen it, and you didn't cite any rationale or supporting reasons other than something about 'crypto experts'.  I'm not saying you're definitively wrong, I'm just looking for something concrete here.  The sentiment in the market continues to deteriorate, which calls for more scrutiny.
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Topic
Board Speculation
Re: Bitcoin Falling Down? Is it The end ?
by
cescudero95
on 19/11/2018, 03:55:03 UTC
There's no reason to think this is the 'end'.  Sentiment is still poor, but compare the market cap to what it was less than two years ago. It's still an asset class with a phenomenal long-term rate of return.  The same is the case for the other major cryptocurrencies.  No need to panic now.  This is volatility, nothing yet concrete.
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Board Altcoin Discussion
Re: How do you earn a cryptocurrency now?
by
cescudero95
on 19/11/2018, 03:30:09 UTC
One of my primary sources is from staking bounty amounts.  It is small from any individual bounty reward, but over time it can add up to a lot.  Particularly when you consider the effects of compounding, it could serve to put you over the top in terms of wealth accumulation.  Remember, FV = PV * [1 + (i * n)], where i is the assumed growth rate, PV is your starting principle, and n is the number of periods of the growth rate.
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Board Altcoin Discussion
Re: Stellar or not to Stellar?
by
cescudero95
on 18/11/2018, 07:37:39 UTC
What is it that makes XLM attractive?  What comparisons are you drawing between it and XRP?  I am a holder of XRP and am wondering if anyone can make a convincing case in favor of XLM over XRP.  I am vaguely familiar with the centralization vs. decentralization arguments, but I am not intricately knowledgeable on XLM's workings.
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Board Altcoin Discussion
Re: Received your bounty rewards?
by
cescudero95
on 17/11/2018, 06:37:11 UTC
I've received everything I've done so far.  It's a matter of checking the integrity of the parties involved.  If you don't know anything about a certain group or project, it may be best to steer clear.  Speaking to users or sanctioning poles may be good ways to gauge the counterparty risk in question.
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Board Altcoin Discussion
Re: I have 12 Bitcoin. What should I do???
by
cescudero95
on 16/11/2018, 14:17:56 UTC
To the OP, there is another option, which would be:

5) Diversify these 12 BTC, selling some portion of them and acquiring other asset classes

As of this posting, 12 BTC is worth circa $60-65K in the markets.  Your other options all stay entirely within crypto, which is not perfectly wise, in my opinion.  Owning some combination of equities, debt instruments, precious metals, real estate, crypto, etc would be wiser, while still acquiring more BTC using your, apparently, proven method as mentioned by other posters.  That is what I would prescribe.
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Board Altcoin Discussion
Re: If an ICO team is anonymous, is it a scam?
by
cescudero95
on 15/11/2018, 03:11:46 UTC
It's not definitive, but seeing an anonymous team behind an ICO project is not encouraging.  Though this industry is presently unregulated, that could change in the future.  Certainly individual registration of representatives, and a minimum degree of transparency would probably be implemented along the lines of what exists for IPOs and private placements in traditional equities.  I would take extreme caution in approaching any ICO, especially one where you don't know the identities of the creators.
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Board Altcoin Discussion
Re: Did you know that...
by
cescudero95
on 14/11/2018, 14:31:13 UTC
There is wisdom in the phrase 'Good things come to those who wait', but it is certainly not universal.  Regardless, very interesting fact.  I hope those who benefited from that were able to use the money to improve their and their loved one's lives.  Small wealth in the ballpark of $3 million is a nice sum, but not something you can be reckless with.  I know how I'd manage it, but financial literacy is in something of short supply in modern society.
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Board Altcoin Discussion
Re: Is there hope for this year?
by
cescudero95
on 14/11/2018, 03:23:39 UTC
It all hinges upon sentiment.  Macroeconomic developments will have an effect too.  A recession shouldn't be too far off, but how exactly that will effect the crypto market remains to be seen. For one, I'd expect it to hinder the retail investor's ability to devote capital to crypto.  On the other hand, another major economic debacle could push more people into the crypto space as an alternative to the established financial system.