Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!

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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Christophe » 12/12/17, 15:22

It is not false! But it all depends on what you do with your capital gains ... and would you prefer that it be your banker who profits from it than you? Because the question is there!

An econologist will certainly invest his added value more harmoniously, virtuously and in an eco-compatible way than the vast majority of other speculators, in short, "normal" people (uh well yes eh guys, that means that we are not! ! : Cheesy: : Cheesy: ) ...

Me I Goure?

So sorry but the speculative added value I prefer it in my pocket than in that of my neighbor ... especially if it is a (my !!) banker !! And even more if it allows to advance the system (which is still pretty rotten for most people today !!) !! In short to put the ball a little in the center!

So you found me my hectare at 500 €? : Cheesy:
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by sen-no-sen » 12/12/17, 15:59

Some municipalities are now selling serviced land at 1 euro per m2 excluding tax to limit desertification, as far as agricultural land is concerned, this can be traded below the euro per m / 2

Haute-Loire: a municipality sells its land for 1 euro per m2 to attract new residents

https://france3-regions.francetvinfo.fr/auvergne-rhone-alpes/haute-loire/haute-loire-cede-terrains-contre-eleves-potentiels-1262905.html
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Christophe » 12/12/17, 16:10

10 000 € the serviced hectare is given, it is the "agricultural" price ...

So it's interesting (but it's not my region ...)!

Uh do you think we can pay in Bitcoins ??? : Cheesy: : Cheesy: : Cheesy:

Otherwise a few months ago, in Tourcoing, there were houses for € 1 ... sold as is also by the city I think.
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by sen-no-sen » 12/12/17, 16:23

Given the rural desertification, in certain regions and in exchange for the work of the communes are now ready to accept monopoly notes! : Lol:
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by perseus » 12/12/17, 17:04

Hello,

I heard that more and more stores in Japan accept payment in Bitcoins.

For the rest, the cleanest of bubbles is to burst, at that time those who are still engaged only have their eyes to cry, those who came out before made a good operation ...
I don't know if we can shorten Bitcoins, if so, those who are convinced that it is a bubble just have to do it : Mrgreen:

I am not able to have a fully definitive opinion on this. Admittedly, this bypasses the banks, but also governments, taxation, etc. And again, shunting the banks does not mean that much, just that the BC bypasses them because the banks are not depositaries of the outstanding in BC and that the BC is not issued by a central bank. But the BC does not lend, it does not finance ....
For now, if the bubble explodes, it will remain confined to the Bitcoins market and to those who have put € 1000 become € 18000 then € 1, if this happens, damage for them but not of great danger. On the other hand, if we start to develop derivatives from Bitcoins, we could end up with investments far exceeding the stock of the underlying and a crack of the latter could hurt very very.
In short for now, it's great, it escapes banks, governments, central banks, it is not regulated. But if -when- it breaks the mouth, we will see lots of people, the pants on the ankles, come to cry that it is absolutely necessary to put order and that they are made roll.

However, those who say that it is virtual and that it is worth nothing ... We said the same in its time of coins that were not in gold / silver, tickets, checks, CBs. Since the end of the gold parity, the value of a currency has been based on confidence. If the BC acquires enormous confidence and given that there will be a limited and known quantity, it can become a form of safe haven. But if tomorrow, China, the EU or Japan whistle the end of recess, if a hacker manages to bring down the golem ... patatra
In short, my only advice, do not play what you are not ready to lose ...

Christophe wrote:10 000 € the serviced hectare is given, it is the "agricultural" price ...

So it's interesting (but it's not my region ...)!

Uh do you think we can pay in Bitcoins ??? : Cheesy: : Cheesy: : Cheesy:

Otherwise a few months ago, in Tourcoing, there were houses for € 1 ... sold as is also by the city I think.
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by sen-no-sen » 12/12/17, 17:35

Perseus wrote:Hello,

On the other hand, if we start to develop derivatives from Bitcoins, we could end up with investments far exceeding the stock of the underlying and a crack of the latter could hurt very very.


It's already on the agenda ...

If his request receives approval from the authorities, CME Group will soon offer “futures” on bitcoin. It is a financial instrument that does not involve the purchase of the product itself (in this case bitcoin),

https://www.journaldeleconomie.fr/Bitcoin-la-potentielle-approbation-d-un-produit-derive-fait-flamber-le-cours_a5301.html
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Ahmed » 12/12/17, 18:14

When speculation becomes "popular" (as we are urging Christophe), we are not far from the end!
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by sen-no-sen » 12/12/17, 21:20

Ahmed wrote:(...) we are not far from the end!


Yes to + or - 10 years ... remains to be seen how this end will manifest?
I will see an economic crisis to begin with, this one being initiated by the oil crisis.
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Christophe » 13/12/17, 11:21

Perseus wrote:In short, my only advice, do not play what you are not ready to lose ...


Sure, and that's what I advised from the start above :)

Do not "gamble" for the money you use to live ...

Otherwise enough agree your analysis! But beware, it's not just bitcoins ... strictly speaking.

We equate all cryptocurrencies with the term bitcoin (because it was the first and best known, a bit like we say fridge for a fridge! : Cheesy: ) ... the screenshots that I put yesterday concerned the Litecoins for example, which are more complex and younger (therefore a priori their growth potential is better than the original bitcoins even if the courses follow each other fairly large...)

Also, each cryptocurrency (and there are dozens of them, find out ...) has its specificities and its algo, its utilities, for example ethereums allow secure transactions (a kind of WPA key what ... ). We can pay with bitcoins for internet services for years already, in particular certain hosts or domain names ... and given the rating of bitcoin for sellers who have kept these bitcoins it's all for the benefit: euros or dollars do not make 15 times not in 1 year !! 8)

On the other hand, certain cryptocurrencies are chains of ponzi (Onecoin for example) which it is obviously necessary to flee ...
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Christophe » 13/12/17, 15:37

Here is an article on the main cryptocurrencies ... far from just speculation: http://www.cnewsmatin.fr/monde/2017-12- ... tre-770416

Bitcoin

Bitcoin is the star of cryptocurrencies, the only one to have made itself known to the general public. Created in 2008, it will already celebrate its tenth anniversary in 2018. Its inventor, Satoshi Nakamoto, remains mysterious. It is unclear whether this is a person or a group of people, and billionaire Elon Musk recently denied being behind this identity.

Bitcoin, like all other cryptocurrencies, is based on blockchain technology. It is a technology for storing and transmitting information, operating without a central control body. When two users exchange encrypted currency, they are the only two to have access to the transaction, which represents a definite advantage in terms of security. A blockhain can be compared to an account book, since all of the transactions are listed there, which also guarantees the security of transactions.

As if it were a commodity, and unlike traditional currencies, the number of Bitcoin in circulation is limited. In the end, around 2140, the creation of Bitcoin will be stopped, and there will then be 21 million units.

By reaching the 10.000 dollar mark, Bitcoin has caught the attention of mainstream media, the traditional finance world, and the general public. Many observers then pointed out the risk of the bubble bursting. But after a fall - relative - linked in part to the fact that the trading sites crashed due to an overcrowding, Bitcoin went up, seeming to head towards 20.000 dollars.

Many specialists in encrypted currencies point out the fact that the predictions of bursting of the bubble had already been made when Bitcoin passed the bar of 100 dollars, 1.000 dollars, 5.000 dollars, etc ... And some , as Pirate Party founder Rick Falkvinge, now invested in encrypted currencies, believes that Bitcoin may one day cross the million dollar mark.

Some also believe that Bitcoin could one day replace the dollar, which had itself replaced gold, as a benchmark for international transactions.

Considerable improvements would be coming in terms of speed and cost of transactions, which could further increase the price of Bitcoin.

Ether

Ether, as mentioned above, is often compared to silver, Bitcoin being compared to gold.

This cryptocurrency was developed by a 19-year-old Russian-Canadian computer scientist, Vitalik Buterin. Launched on July 30, 2015, Ethereum, the platform that supports Ether, has experienced a sharp increase in its value since March 2017, passing the $ 500 mark at the same time as Bitcoin passed the $ 10.000 mark.

The strength of Ethereum, otherwise comparable to Bitcoin, rests on its blockhain, the technology on which it is based. This enables “smart contracts”, or smart contracts. Some believe it could be even more revolutionary than artificial intelligence, by radically changing and improving the way all transactions work. Ethereum's blockchain could replace notaries, lawyers and others by playing the role of "trusted third party" during a transaction, and by implementing flawless contracts in a matter of seconds, much more efficient than a human.

Litecoin

Based on Bitcoin technology, Litecoin is one of the most popular cryptocurrencies with the previous two, being like these two taken into account by the exchange platform Coinbase, the most popular today.

Created in 2011 by Charles Lee, a former Google employee, who started from the source code of Bitcoin (in open source), to develop his own code, Litecoin is a cryptocurrency distributed under free license.

The blockchain on which Litecoin is based has thus been improved compared to that of Bitcoin. This has notably accelerated the verification process and therefore increased the speed of transactions, which is currently faster than that of its competitors. And the transaction fees are much lower than those of Bitcoin. Litecoin is therefore particularly intended for daily transactions.

Like Bitcoin and most cryptocurrencies, Litecoin will be produced in a limited number. The emission rate follows a geometric series which halves every 840.000 blocks, and will eventually reach 84 million Litecoins.

Litecoin has experienced strong growth recently, now worth more than 300 euros.

IOTA

It is the encrypted currency which goes up, certain analysts predicting that it will be worth 180 dollars at the end of 2008 (against less than 5 currently). If Ether is turned towards "smart contracts", IOTA (or MIOTA) is linked to connected objects, to "the Internet of Things" (Internet of things), which some describe as "fourth industrial Revolution".

Created in 2015 by David Sonstebo, Sergey Ivancheglo, Dominik Schiener and Dr. Serguei Popov, IOTA is based on a technology that allows instant and free transactions between machines in the Internet of Things environment.

Unlike Bitcoin and most cryptocurrencies, IOTA units already exist (2.779.530.283 in total), and the currency is therefore not based on the mining system (creation of units via computers, editor's note).

IOTA also differs from other cryptocurrencies in that it is not based on blockchain technology, discussed above. It is based on Tangle technology, fully decentralized, which allows free, secure and instant transactions.

The applications are numerous. IOTA allows micro-transactions since there are no fees, many companies, and especially small businesses, traders could be interested. The Tangle technology on which the IOTA is based can also be used to transfer data, can be applied to set up electronic voting, or even be used as a base for encrypted messaging.

IOTA could also be set up in the area of ​​the shared economy. One can thus imagine in Paris Vélib 'operating with this technology, but all kinds of connected objects could thus be shared.

The IOTA has known a recent craze its price going in less than a week from a few cents to more than 3 dollars per unit. This interest is explained by the announcement of a partnership with major companies such as Microsoft, Samsung, Cisco and Volkswagen.

Monero

Created in 2014, Monero (which means “coin” in Esperanto) is not based on the Bitcoin code but on cryptonote technology. It is safer, guarantees anonymity to its users (the amount of transactions is also impossible to see from the outside) and above all is scalable, which guarantees that it will be able to withstand the expected increase in the volume of transactions. in the years to come.

The algorithm that manages the mining of Monero is also described as superior to that of Bitcoin by many users, since it allows individuals to mine without problem. Monero is therefore largely based on the community that supports it.

NEO

Some call NEO "Chinese Ethereum". Founded by Da Hongfei, NEO is positioned, like IOTA, in the “smart economy” or “smart economy” sector. "We hope that the platform can be used in different scenarios including a user interface (" front end scenarios "), such as digital asset portfolios, forums, voting systems, profile management and mobile applications. the platform also has an open API which can be used to integrate NEO with other software architecture, ”Da Hongfei explained.

NEO seems to have moved beyond the borders of China to establish itself on a global level. Even China's ban on cryptocurrencies didn't seem to affect it, passing the $ 40 mark.

Compared to Ethereum, NEO has some advantages, in particular by supporting multiple computer programming supports, which should allow many new developers to participate. To simplify, it is a more open system, which should stimulate innovation.
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