Message from Tanner - SC in MacGuyver - Skills & Academics #cryptocurrency
Link to the comment: https://www.youtube.com/watch?v=F4ZmOPCSHaE&lc=Ugwbm2uap3wyFyJkUcF4AaABAg
Segwit2 seems to be taking the best ideas from BCH though
@this_that5553 that's what I figured would happen with BCH. BTC *can* be updated if enough big guys agree (I think I read it's really only 6 guys that have to agree)
@ThisIsChris BCH already has a ton of the biggest names with bitcoin.
Segwit 2 has some a negro woman and maybe an exchange backing them?
@this_that5553 Yeah Segwit2x seems like randos, I was just agreeing with you that BTC could incorporate the code changes of any of the various forks. But you said BCH has major backers? I haven't seen anything but admit I haven't looked either
Satoshi Dice uses BCH exclusively for one. overstock uses BCH and BTC both.
BCH website shows all the backers
No kidding, that's neat and news to me. For the record I fondly remember Satoshi dice as the place I lost all my doge coin in 2013
Check out this chart that shows median transaction fee for the major cryptos. BTC doesn't fare too well:
ITS NOT THERE
My major stakes atm are ripple and bch.
I thought I'd write my thoughts on crypto trading for consideration and critique.
I call my trade approach Parity Plus Advantage
The basic idea of the Parity part is that all things being equal in long run all major cryptos should be roughly equal in market cap value. You can use this to evaluate a parity price of different currencies. For example ripple has 100 billion units. Bitcoin has 21 million. If bitcoin is worth 15k then ripple parity is 3.15.
The Advantage part is the idea that in long run cryptos with technical advantage in speed security and utility should steal market cap from other cryptos.
For example ethereum is faster and has more utility than bitcoin so we should expect ethereum to exceed bitcoin in parity price in long run. How much is a soft estimate.
Using these methods I've decided to hold bitcoin cash and ripple. But if these are priced past parity I may sell out.
>all major cryptos should be roughly equal in market cap value
What defines a "major" crypto?
I think a lot of cryptos are over-valued because they're full of people who just want to "catch the next bitcoin-like wave", not because they fundamentally offer value in usage.
And I don't think the major infrastructure companies like Coinbase and BitPay will support 100 currencies, they'll probably keep it to 5 max.
I think btc bcc eth ltc xrp are the majors
But that may change with new comers
I'd consider anything with over 10 billion to be major currency.
tbh. any investment into crypto right now is good. there really isnt a bad investment except for the bottom of the barrel shitcoins.
and even then you can make money on those
@Perihelion - CA so you're saying "if they're close in value, they'll get closer in value"?
I'm saying if they stay in use then they'll get closer in value in long run minus structural advantages
For example. Let's assume bitcoin and ripple are equally useful. Then ripple should be worth 3.15. It's priced at 1.6. That's a buy. Now let's consider structural advantages. Is ripple more or less useful than btc? I'd say more useful. So that's an added margin of comfort. End result: ripple is a buy, btc is a sell
Calculating parity gives you a baseline to start evaluating advantages or disadvantages
Venezuela is launching "petro" a crypto backed by $250 billion in oil
That's a major challenge to financial system. Something to watch carefully
Tether is pegged to the dollar, but fluctuates. What's stopping me from buying every time it goes below $1, selling every time it goes above, and making easy money?
Tether is a scam
It is not backed by USD
They print as much as they want
You think it will crash soon?
I’m not one for timing, just looking at fundamentals.