Duane Challenge Accepted, and a Wager


7 comments:

  1. I'd love to have your insights in these topics. I have read much over the last year or so. I've been looking always for the next possible cryptocurrency to have a similar initial investment to long-term profits that I missed with BTC when it was still under £500 per BTC. I've bought ethereum mostly. Also litecoin and monero. I own BTC and am reading it could hit 10K in a year. Even more. I have not read anything about other trading. And have no prior trading experience. I've always been under the impression. Changing profit for gold was the best option. I've not heard about silver not gold being a better option.

    But as a roofer. I am not thinking in terms of turning profit into profit. Just making profit to the extent I have with no experience is a miracle in itself. I was lucky enough to be told about it when it was 400 some. But it was not even touted as a way to make a lot of money to me. Just a way to keep capital safer and interchangeable with others on the fly, with alot of market uncertainty with BREXIT and other things. I consider myself lucky. But also in a way hooked on something. My wife tells me it's nothing more than gambling and it's safer to keep ones eggs all in another ones basket. And I like the idea of being able to access, check, get notifications on price changes. All while I could be doing nothing but sat, becoming a reality TV addict. So I choose to not to become a zombie of capitalism . And try and make sure the broken, rigged system pays me back a little by making my money work for me.

    I am interested hugely in what cryptocurrency you think can perhaps be the next big one. I know nothing really about how these currencies even work at a level that involves how each differs from another in how they work. And how they have more possible advantages or disadvantages.

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  2. I like the sites name, and at the same time your pushing digital coins (sarcasm). I think it should be obvious the banks will come with their own version to push on the people.. I just see the "private coins" as only an opportunity to make money of suckers...game on

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    1. Banks already have. Ripple is one. Bernanke is be paid by the banks to pimp it. Ripple's aim is opposite of decentralization. Banks want to centralize it and squeeze like they have gold and silver prices for a good 150 years. Look to BTC, ETC, LTC, VERI, OMG and, of course, FUCK (FuckToken). Yes, it exists.

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  3. Thanks you for this response video. It was helpful and informative. If you don’t mind, I’d like to describe my only real concern about bitcoin (or any crypto) and ask whether you have thoughts on it. These cryptos are all described as currencies. As currencies, I can see how they might have value. Fiat expands forever, any currency which did not would obviously hold value and constitute a credible defense against monetary devaluation and inflation. As such, it would have utility. That utility gives it its value, but exists only in its status as a currency.

    To my knowledge, none of the cryptos are primarily treated like currency by investors. They are far more often treated like assets and held for a trading profit. As such, they have no utility because they are not being used as a currency. I don’t see how they have any value whatsoever outside of their use as a currency. They stand for nothing, they do nothing, they produce nothing. If not currency, the only force for future appreciation would seem to be the market effect of the growing bubble and the greater fool theory. I don’t see how they can be valued by the market if they are not being utilized as a currency since they have no use or function in any other capacity. My fear is that they will never truly gain currency status and, when the market realizes that fact, that they will lose market value quickly since they otherwise have no value.

    Do you have an opinion or response to this concern. I’m not buying cryptos because of this concern and, if I’m able to resolve it, would seriously consider a small investment. Thank you.

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    1. There are several cryptocoin based debit cards in existence, or being prepared for mainstream use that allow one to hold specific cryptocurrencies and fund a declining balance card usable on the Visa-Mastercard system just like any bank debit card.
      WireX, Monaco and TenX are three that should be indistinguishable from any other debit card within a year. (WireX is already in use)
      This creates the ability to store your money in your preferred cryptocoin and use it to pay for normal expenses anywhere a Visa/MC debit card can be used. The crypto value may fluctuate, but the usability will shortly be the same as any debit card.

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  4. I actually do have an opinion on this. You make very good points and I agree with them . I own crypto as a speculation in my crisis portfolio. I am concerned about how it will react to the Critical Mass Default and fallout to follow. I do believe that absent governmental interference, and the admitted possibility of unforeseen technical issues, the innovation that is going on in private crypto will allow it to be a major currency and store of value in the future. I would not invest if I didn't believe it had real potential as its stated role as a currency. That said, considering its position in my portfolio I really only needs to viably survive until after the next crisis, which I and many others think will be the big one. Watching to its price action during minor economic shock, people are building investment muscle memory to rush in during economic turmoil. This is a powerful force, heck it caused people to rush into treasuries when the threat was a US default. If this occurs for the big one the flood could be intense through a very small crypto window. This is the argument for silver and gold going to the moon, but over the past several years and during the financial crisis the investment muscle memory has been damaged as the correlation between economic shock and people going into gold and silver has not been crystal clear, possibly (likely) due to manipulation. I believe the returns could be very impressive over this time period, and those returns could help my family and I through some tough times. I have silver as well. I'm sure if the crisis doesn't happen (or I may not sell all after a crisis), and if that's the case I hope it does become a viable currency as you describe. Investors in this tech are admittedly taking a huge but it has already proven this can lead to huge reward.

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  5. You may find this ICO of interest.
    MOE Farms
    http://moefarms.com/
    Knox County, Texas, USA

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