Crypto currency (IF banned from CA)


nikom court said:
if bitcoin goes to 10k it wont be anywhere near the bottom for me lol (you can check the previous crypto threads)
you havent schooled anybody with anything,please dont inflate your own ego!
plenty have lost money on hex,its just a pump and dump exit scam
anyway heres my prediction for the next 12-18 months,(seeing as we are all in the prediction game)
the SEC will start looking at hex,
and an arrest warrant will be issued on richard hart,he will be the new john mcafee (and may end up the same way!)
hex will crash to where it was 6 months ago and hart will flee to some 3rd world sh!thol3 with all the eth hes collected from the gullibles!
you will cash out (if your staking allows) at a big loss and turn whatever is left to bitcoin!
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What makes you so certain Hex will crash that bitcoin won't?

You know, other than that's where you parked your money.
 
Efcjake said:
What makes you so certain Hex will crash that bitcoin won't?

You know, other than that's where you parked your money.
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because its all about limited supply and scarcity
the bitcoin supply will be exhausted soon.
hex on the other hand,is centralised and controlled by one man,he can print as many as he likes!
i dont claim to be able to forecast the future,its important to do your own research!
 
nikom court said:
because its all about limited supply and scarcity
the bitcoin supply will be exhausted soon.
hex on the other hand,is centralised and controlled by one man,he can print as many as he likes!
i dont claim to be able to forecast the future,its important to do your own research!
Click to expand...
How to highlight your lack of understanding in one post.

HEX is a smart contract that is immutable, there are no admin keys it can't be altered in any way, ever. The inflation of HEX is capped at 3.69% per year and that is only when 100% of the HEX is staked, the actual figure is 10% staked, making inflation much lower. So when you say 'he can print as many as he likes' that is completely and utterly wrong.

Now lets compare that to BTC, at any point the Bitcoin core devs could decide they want more supply and with a change to one line of code there is now 10 times the supply. It is unlikely and would need consensus from the network but the point is it could happen.

Crypto was invented to remove middlemen, but nearly all of BTCs volume occurs on centralized exchanges whereas nearly all of HEXs volume occurs on decentralized exchanges, just like crypto was supposed to be.
 

LinekersLegs said:
Agree Schiff isn’t the most reliable however thought in this case what he said was a “even a stopped clock is right twice a day” kinda statement. Bitcoin hasn’t been a great diversification or safe haven asset the past few months.
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i think if you want a safe haven for a few months its probably best to avoid any kind of volatile crypto.
i wouldnt recommend holding bitcoin for anything less than 4 years.
bitcoin is up 230% in the last 12 months even though its lost half its value in the last 3.
the volatility is the downside to getting the upside! (the gains)
 


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