Topic: Tone Vays has won me over: There is Bitcoin...and shitcoins. (Read 582 times)
I love Tone Vays. He is a strong apostle of bitcoin. Although he believes altcoins are shit. When he attacked Tpay, till date, Tpay has never been able to recover from the loss, was happy I sold off before the worst happened.
I have always told everyone that I don’t see any point in creating altcoins for different projects and then all I hear is that they have different innovations and usage. Like you said, the innovation is to be used by who, by which country and how? Even if we have some people accepting these innovations, they can only get few of them, and these projects are just so too much in the market.
Value of a project only increases when people put money into the market, and what is that usually attract people to put money, it is either they put in money for investment purpose, or they put in money for Utility purpose. In 2017, it was just the cryptocurrency hype that generally made these coins witnessed such growth and not the utility really, for utility, I must tell you that Bitcoin and Ethereum is just more than enough.
Value of a project only increases when people put money into the market, and what is that usually attract people to put money, it is either they put in money for investment purpose, or they put in money for Utility purpose. In 2017, it was just the cryptocurrency hype that generally made these coins witnessed such growth and not the utility really, for utility, I must tell you that Bitcoin and Ethereum is just more than enough.
You described the situation with almost every alts. Just a projects without real use
That sort of nonsense gets repeated alot around here.
So let's clear it up.
Bitcoin
Payment to anyone that accepts bitcoin
Hold it to exchange for Fiat at a later date
Altcoins
Payment to anyone that accepts that Altcoin
Hold it to exchange for Fiat at a later date
What is it that you think real use entails that an Alt is not also capable of doing?
Alts are still capable of micro-payments and much lower transaction fees,
while bitcoin needs LN offchain network to accomplish the same.
Things Bitcoin Can't Do,
1. Energy Efficiently , which many alts have always had.
2. Onchain Transaction Capacity exceeding 2 million transactions per day, many alts capacity exceed that now
3. low fixed transaction fees, which can only be achieved by energy efficient Alts
You described the situation with almost every alts. Just a projects without real use
Don't know Tone Vays, know the name, not his game but I think any serious person in crypto only really uses Bitcoin. I admit, I've got my fair share of altcoins... 10% of my total crypto portfolio isn't a small minority at all, and I do like the ones I hold for specific reasons (Monero is a clear-cut case, for example). But at the end of the day, when I'm using a coin, when I'm convincing someone else to accept payments in crypto... we're really only ever talking about Bitcoin.
That's not opinion... that's fact.
That's not opinion... that's fact.
Perhaps it’s the absolute slaughter of altcoins. But I feel like we were all blinded in 2017. I have 20,000 Cardano, and all I see it do is lose Satoshi value. I feel like I’ve had enough!!
I mean seriously. What is Cardano? It does nothing. Nobody uses it. It’s one of about a dozen protocols that will probably never be used and never be wanted.
I’m 85% bitcoin. I’m about to make that 100%. Everyone loves Cardano...really? Why! It’s just another shitcoin. They are all shitcoins!!
I mean seriously. What is Cardano? It does nothing. Nobody uses it. It’s one of about a dozen protocols that will probably never be used and never be wanted.
I’m 85% bitcoin. I’m about to make that 100%. Everyone loves Cardano...really? Why! It’s just another shitcoin. They are all shitcoins!!
To be fair, there are a few altcoins that genuinely look like they want to do something different, and to be fair, some of their ideas are pretty good too. But if we're all being objective, none of these things are amazing. After Bitcoin's introduction, no matter how simple it seems, everything else just seems so... small. No matter the super tech, if no one uses it like you says, what's the point?
Perhaps it’s the absolute slaughter of altcoins. But I feel like we were all blinded in 2017. I have 20,000 Cardano, and all I see it do is lose Satoshi value. I feel like I’ve had enough!!
I’m 85% bitcoin. I’m about to make that 100%. Everyone loves Cardano...really? Why! It’s just another shitcoin. They are all shitcoins!!
The slaughter in the altcoin market was expected as i have seen many projects going to dust even though they started with big promises and big teams and hence when the market rallied i sold off 80% of all my altcoins and i still consider myself lucky to make those decisions as all the assets i invested during that time came down drastically and many projects will never recover simply because of regulatory issues, it is a sad reality and if you sold the coins at the right time then you could probably made some profit. I am pro bitcoin from the beginning and the alt coin market was a quick rich scheme and the smart thing is to get out at the right moment. I consider dogecoin to be better than 99% of the coins in the altcoin market and i am sure everyone shares the same opinion. I’m 85% bitcoin. I’m about to make that 100%. Everyone loves Cardano...really? Why! It’s just another shitcoin. They are all shitcoins!!
the one consistent thing about both 2013 and 2017 was the altcoin blow-off top in the last couple weeks of the bubble. if nothing else, i'm confident that will play out again. it's a natural late stage phenomenon where new "missed the boat" money starts chasing "the next bitcoin". as long as new money keeps coming into bitcoin, we'll see silly greed like this.
Indeed.
It's the buildup I'm interested in - which coins will gain traction, what hook people will attempt to hang it on.
There are no ICOs this time around. Will 'cheaper' be enough? It probably will but everything's looking rather more ragged and transparently empty than last time around. There was plenty of material to delude yourself back in the day. Not so much any more.
with token markets becoming highly restricted and IEOs requiring full KYC, i'm thinking a resurgence of traditional POW and hybrid POW coins might be in order. altcoin bubbles are a retail investor affair.....retail investors love their shitcoin exchanges and lack of KYC. the strongest charts i can find are old, established coins like DASH and XMR. and i'm particularly looking at markets that are still open to american investors.
the one consistent thing about both 2013 and 2017 was the altcoin blow-off top in the last couple weeks of the bubble. if nothing else, i'm confident that will play out again. it's a natural late stage phenomenon where new "missed the boat" money starts chasing "the next bitcoin". as long as new money keeps coming into bitcoin, we'll see silly greed like this.
Indeed.
It's the buildup I'm interested in - which coins will gain traction, what hook people will attempt to hang it on.
There are no ICOs this time around. Will 'cheaper' be enough? It probably will but everything's looking rather more ragged and transparently empty than last time around. There was plenty of material to delude yourself back in the day. Not so much any more.
But I feel like we were all blinded in 2017. I have 20,000 Cardano, and all I see it do is lose Satoshi value. I feel like I’ve had enough!!
Yeah, it's pretty obvious that you got blinded by the hype on the last quarter of 2017and now you are regretting for riding on it. Well, don't treat yourself like you are the one who lose because most of us did. Alt holders (I am not, I just stick to btc for some reason) out there experienced the same but look at them they are still continuing their business. Losing doesn't mean the end of the world, it is a new beginning for you to become a better investor. Hmm, if you are just a long term hodler then you might be in a big trouble right now because we don't know when the market pumps once again. So if I were you I'll try daytrading knowi g that i have a huge number of Cardano.
I'm dead curious to see what the next alt bubble looks like. It certainly won't resemble the last one but there definitely will be a type of one.
the one consistent thing about both 2013 and 2017 was the altcoin blow-off top in the last couple weeks of the bubble. if nothing else, i'm confident that will play out again. it's a natural late stage phenomenon where new "missed the boat" money starts chasing "the next bitcoin". as long as new money keeps coming into bitcoin, we'll see silly greed like this.
unsuitable for daily transactions due to excessive fees.
If you actually use bitcoin, you know that that's statement is ultimately false. A very common statement from people who doesn't really use bitcoin. I'd bet you got that criticism from shitcoiners on Reddit.
on where he do already make conclusion that bitcoin isnt suitable for that field but look at the entire market.Its been dominating for 10 years and counting but people do still question on BTC capacity?
so both of you don't think btc has a high transaction fee! tell me if you are buying anything worth $2 for example, how much you think will be transaction fee?
nobody questioning btc dominance but your ideology that only btc deserve to be in existence and other alts are shitcoins, if this is the case what is the point of decentralization, let btc be the one and only crypto in the world.
Perhaps it’s the absolute slaughter of altcoins. But I feel like we were all blinded in 2017. I have 20,000 Cardano, and all I see it do is lose Satoshi value. I feel like I’ve had enough!!
I mean seriously. What is Cardano? It does nothing. Nobody uses it. It’s one of about a dozen protocols that will probably never be used and never be wanted.
I’m 85% bitcoin. I’m about to make that 100%. Everyone loves Cardano...really? Why! It’s just another shitcoin. They are all shitcoins!!
I mean seriously. What is Cardano? It does nothing. Nobody uses it. It’s one of about a dozen protocols that will probably never be used and never be wanted.
I’m 85% bitcoin. I’m about to make that 100%. Everyone loves Cardano...really? Why! It’s just another shitcoin. They are all shitcoins!!
Know what? In 2017 I was seriously considering about investing in Cardano. Third generation cryptocurrencies were the craze back then. Cardano had risen in value by 100 times over a period of two or three months. Analysts were even predicting that it was going to replace Bitcoin very soon. OK... now I made my decision to purchase Cardano. For that, first I needed to install the wallet. Now comes the fun part. There is no online wallet or lite wallet available for Cardano. If you want to store ADA, then you need to install the full wallet known as Daedalus, which takes several GB of your desk space. Another option was to store ADA in an exchange wallet. I thought about it for a while, before eventually giving up my plans.
Looking back now, I feel happy. I made the right decision by not investing in Cardano. It went down by 98% during 2018-19, and If I had invested in it, then I would have incurred heavy losses. The Cardano developers have gone AWOL. Users are still demanding a lite wallet, but the developers are busy enjoying their ill-gotten gains. BTW, I heard that now a lite wallet called Yoroi available for ADA. For me, it is too late.
Tone Vays does seem to be the few of the crypto OG holders which seem to know what he is talking about.
And yeah. I dont think a lot of people want to hold cardano.
It doesnt have a mainstream use case for anyone to hold on to it for the long term unfortunately.
And yeah. I dont think a lot of people want to hold cardano.
It doesnt have a mainstream use case for anyone to hold on to it for the long term unfortunately.
I agree with this. Mainstream use case is really needed for an altcoin to grow its value. So in what applications are Cardano used so far? Honestly, I have never used cardano in my altcoin transactions. I wonder how many crypto users are religiously using cardano?
it is not just Cardano, but all the other altcoins too. none of them are used anywhere for anything other than on exchanges and for trading. that is why the developers have been focusing on coins/tokens for trading purposes only for the past 2 years and the ICO market has been so heated in 2017 because it was purely a gambling game where people tried to make profit.
Many people don't buy gold , because if they can't afford an ounce all that is left is a gram.
Have you ever seen how pathetic a gram of gold looks, no bigger than a postage stamp.
Owning a few satoshis is just as pathetic and many won't waste time on it, if they can't buy at least a half.
Many people don't buy gold simply because many people don't even know the importance of a SoV, not to mention majority don't even put their money in other assets in the first place.Have you ever seen how pathetic a gram of gold looks, no bigger than a postage stamp.
Owning a few satoshis is just as pathetic and many won't waste time on it, if they can't buy at least a half.
Also, most people who buy gold don't even physically own the gold. They have ownership, but they let the vaults hold it for them. It has nothing to do with how a gram of gold looks.
Ownership of gold certificate is for fools,
if you don't physically have it, you don't have it, more useless paper.
Smart people hold gold, and a gram of gold sucks , because it is so small.
Just as smart people hold private keys and don't leave everything on an exchange where they don't really own it.
https://cointelegraph.com/news/mining-asic-giant-bitmain-lost-625-million-expects-profits-in-april
When the main ASICS company is losing money and only hope to stay afloat is more venture capital fiat ,
it kind of show bitcoin is not the dream, many aspire it to be.
Who says Bitcoin doesn't have problems in the first place? It's far from perfect, hence there's a lot of people working on it and trying to improve it.When the main ASICS company is losing money and only hope to stay afloat is more venture capital fiat ,
it kind of show bitcoin is not the dream, many aspire it to be.
Quote
Mining ASIC Giant Bitmain Lost $625 Million,
Keep thinking bitcoin has no problems, time is coming where that is going to bite people hard.People are working on LN, they gave up on onchain bitcoin, when they left the onchain transaction capacity in the shitter for offchain banking.
Many people don't buy gold , because if they can't afford an ounce all that is left is a gram.
Have you ever seen how pathetic a gram of gold looks, no bigger than a postage stamp.
Owning a few satoshis is just as pathetic and many won't waste time on it, if they can't buy at least a half.
Many people don't buy gold simply because many people don't even know the importance of a SoV, not to mention majority don't even put their money in other assets in the first place.Have you ever seen how pathetic a gram of gold looks, no bigger than a postage stamp.
Owning a few satoshis is just as pathetic and many won't waste time on it, if they can't buy at least a half.
Also, most people who buy gold don't even physically own the gold. They have ownership, but they let the vaults hold it for them. It has nothing to do with how a gram of gold looks.
https://cointelegraph.com/news/mining-asic-giant-bitmain-lost-625-million-expects-profits-in-april
When the main ASICS company is losing money and only hope to stay afloat is more venture capital fiat ,
it kind of show bitcoin is not the dream, many aspire it to be.
Who says Bitcoin doesn't have problems in the first place? It's far from perfect, hence there's a lot of people working on it and trying to improve it. When the main ASICS company is losing money and only hope to stay afloat is more venture capital fiat ,
it kind of show bitcoin is not the dream, many aspire it to be.
Quote
Mining ASIC Giant Bitmain Lost $625 Million,
Keep thinking bitcoin has no problems, time is coming where that is going to bite people hard.Most people can't afford $100 per transaction fees that onchain bitcoin is headed toward.
Because who the heck would pay for $100 transactions unnecessarily if you could pay just a few cents?Very few , even in the US can afford ½ bitcoin, and forget the majority of the rest of the world.
Bitcoin costs too much for the average man to mess with, that ship sailed years ago.
Just for your information, Bitcoin is highly divisible that you can even own $1 worth of a bitcoin. You obviously don't know what you're talking about.Bitcoin costs too much for the average man to mess with, that ship sailed years ago.
Many people don't buy gold , because if they can't afford an ounce all that is left is a gram.
Have you ever seen how pathetic a gram of gold looks, no bigger than a postage stamp.
Owning a few satoshis is just as pathetic and many won't waste time on it, if they can't buy at least a half.
https://cointelegraph.com/news/mining-asic-giant-bitmain-lost-625-million-expects-profits-in-april
When the main ASICS company is losing money and only hope to stay afloat is more venture capital fiat ,
it kind of show bitcoin is not the dream, many aspire it to be.
Quote
Mining ASIC Giant Bitmain Lost $625 Million,
Keep thinking bitcoin has no problems, time is coming where that is going to bite people hard.Most people can't afford $100 per transaction fees that onchain bitcoin is headed toward.
Because who the heck would pay for $100 transactions unnecessarily if you could pay just a few cents?Very few , even in the US can afford ½ bitcoin, and forget the majority of the rest of the world.
Bitcoin costs too much for the average man to mess with, that ship sailed years ago.
Just for your information, Bitcoin is highly divisible that you can even own $1 worth of a bitcoin. You obviously don't know what you're talking about. Bitcoin costs too much for the average man to mess with, that ship sailed years ago.
Tone Vays does seem to be the few of the crypto OG holders which seem to know what he is talking about.
And yeah. I dont think a lot of people want to hold cardano.
It doesnt have a mainstream use case for anyone to hold on to it for the long term unfortunately.
And yeah. I dont think a lot of people want to hold cardano.
It doesnt have a mainstream use case for anyone to hold on to it for the long term unfortunately.
I agree with this. Mainstream use case is really needed for an altcoin to grow its value. So in what applications are Cardano used so far? Honestly, I have never used cardano in my altcoin transactions. I wonder how many crypto users are religiously using cardano?
Perhaps it’s the absolute slaughter of altcoins. But I feel like we were all blinded in 2017. I have 20,000 Cardano, and all I see it do is lose Satoshi value. I feel like I’ve had enough!!
I mean seriously. What is Cardano? It does nothing. Nobody uses it. It’s one of about a dozen protocols that will probably never be used and never be wanted.
I’m 85% bitcoin. I’m about to make that 100%. Everyone loves Cardano...really? Why! It’s just another shitcoin. They are all shitcoins!!
I don’t think that this particular altcoin is worthless. How would you not want it, but the Cardano is a unique coin. Which by the way is in 12th place on the CMC.Yes, of course, it is better to store more assets in bitcoin,but promising altcoins will not be superfluous in your portfolio. I mean seriously. What is Cardano? It does nothing. Nobody uses it. It’s one of about a dozen protocols that will probably never be used and never be wanted.
I’m 85% bitcoin. I’m about to make that 100%. Everyone loves Cardano...really? Why! It’s just another shitcoin. They are all shitcoins!!
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