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Showing 7 of 7 results by m0nk3y_m1nD
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Topic
Board Altcoin Discussion
Re: Is BCH, BSV more profitable than Ethereum?
by
m0nk3y_m1nD
on 01/02/2020, 06:25:39 UTC
I don't know what happened with the Ethereum, why this coin's price is not growing that much? Without Bitcoin pumping, Ethereum can't grow a bit. Where BCH or even BSV price keeps pumping like the bull run! Now, 1 BSV coin's price is more than double of 1 Ethereum. I am a holder of Etherem, but day by day I am being frustrated by holding it, it's price is far lower than 200 USD! Unbelievable. What do you think guys? Should I convert my ETH into BSV or BCH for more profit?

I used to keep ETH in my wallet back in 2017, not to mention ETC too, but as I watched over the prices of BCH, XRP, ETC, and ETH I realized that buying BCH in a cost-averaging manner is more profitable than holding on to ETH and ETC. I don't really follow the cult but BCH is being used as money in Tokyo while I don't hear anything like this for ETH, that's why there is no such fear in me to HODL BCH.
Post
Topic
Board Economics
Re: Countries testing digital assets in 2020
by
m0nk3y_m1nD
on 31/01/2020, 21:36:03 UTC
I have read a news in 2019 about a tiny pacific island nation to issue its own cryptocurrency. Its called the Republic of the Marshall Islands and the token would be called Marshallese sovereign (SOV for short). The whitepaper isn't available yet, but this is one of those that I am looking forward to, especially John McAfee is running for President in November.
Post
Topic
Board Economics
Topic OP
A glimpse at Japan's economic relationship with China.
by
m0nk3y_m1nD
on 30/01/2020, 13:50:37 UTC
China is said to be Japan's second-largest export destination. It has also been said that Chinese are 30% of what makes up the tourists in Japan. Cancellation of trips incoming and outgoing to China certainly affects its economy, that's why I am under the impression that Tokyo Stocks Exchange (Tosho) will drop even further. The 5-day index shows a 1.48% drop as we speak.

Having said that, we might expect them to look bullish on $BTC until they figure out where else to put the money withdrawn from Tosho. Therefore, I am not buying $BTC at the moment - instead would definitely wait for the dip. CAVEAT.
Post
Topic
Board Speculation
Re: Corona Virus will Impact the price of Bitcoin ?
by
m0nk3y_m1nD
on 30/01/2020, 07:06:13 UTC
The Wuhan did not affect $BTC prices directly, but I am pretty sure that it did affect the global stock market.

Ergo as The Nasdaq Composite dropped 1.9%, I assumed that most traders thought about moving to a safe haven which is either #cryptocurrency or #gold - that might be a slight factor of the upward price.
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Topic
Board Altcoin Discussion
Re: corona virus & bitcoin market
by
m0nk3y_m1nD
on 29/01/2020, 22:11:45 UTC
My guess is it is because the stock market has moved downwards. It is common for cryptocurrencies to act bullish whenever the stock market is bearish. Having said that, the Wuhan virus allegedly affects the stock market and other commodities. I found this on the web https://www.nytimes.com/2020/01/28/business/coronavirus-financial-markets.html

addendum: I found this article first thing in the morning. https://www.coindesk.com/bitcoin-rallies-to-near-9150-as-stocks-drop-over-coronavirus-fears
Post
Topic
Board Bitcoin Discussion
Re: John McAfee called BITCOIN as a Shitcoin!
by
m0nk3y_m1nD
on 29/01/2020, 21:59:58 UTC
There should be nothing to worry about here. John would say whatever he likes to say though and as a matter of fact, he seemed to be sincere about all of the negativity that he spreads about bitcoin. I've been hodling bitcoin since early 2017 and had already profited a lot from it, even so, I am still open about the idea of something else that will take over it. In my honest opinion, BCH, XRP, and LTC serve the purpose better than BTC. Be that as it may, BTC might not be a shit coin after all.
Post
Topic
Board Bitcoin Discussion
Re: The next action of Old man McAfee
by
m0nk3y_m1nD
on 29/01/2020, 21:42:48 UTC
I don't want to listen to John all the time but it seems like he and Roger have something to convey to all of us. Thus, I somehow agree with the idea of bitcoin not becoming the king in a few years. The users need not just storage of value but also fast transactions and low fees. BCH would be a great alternative. Please don't hate it.