Am I being a retard or..?

[Anonymous No.7959509]

Honest quesion anons. Do any of you find it concerning that crypto has been around for 9 years and there are still no coins used for anything other than speculation? (Other than maybe eth). Why has it taken so long for anyone to come out with a single useful product? Not fudding as I have decent skin in the game

[Anonymous No.7959648]

yeah it's a ponzi, eth is the mother of all ponzi and btc is the father
there is no need for a technology like this for everyday use cases since there are already things like corda r3 and oraclize which basically BTFO every fucking shitcoin out there

[Anonymous No.7959762]

>>7959648
Just looked it up. Why does Link need to exist with oraclize already here?

[Anonymous No.7959847]

>>7959762
Link doesn't need to exist. You didn't fall for the meme, did you?

[Anonymous No.7959893]

>>7959509

The actual answer: Bitcoin is the only real coin with any adoption or value. In terms of consumer use, Bitcoin did have really cheap fees and that began driving merchant adoption and enthusiasm. Cheap fees was and is not the main value proposition of Bitocin, but it was an early benefit and talking point.

Bitcoin ran into scaling issues and the momentum drained. Politics delayed solutions.

Eventually, the side that wants to end the scaling problem permanently won over the side that wanted to kick the can down the road.

There was potential, then the momentum stalled, but now there is potential again. Every coin besides Bitcoin is a joke or has only a niche use case.

In short: open source projects take longer to develop than proprietary ones. Additionally, there is/was a scaling problem and politics delayed a solution for awhile. It sucks, but given the novelty of Bitcoin (and in the scheme of things, it still very much is), I am willing to wait for good development.

[Anonymous No.7960008]

>>7959893
Well shit on my ass. Should I just sell all of my shitcoins?

[Anonymous No.7960034]

>>7959847
i read an atricle about how etherum cant exist without link, what about that?

[Anonymous No.7960066]

>>7960008
>Should I just sell all of my shitcoins?

if you are investing based on "value" then you should sell all crypto as none has value
if you are investing based on YOLO MOON LAMBO CASINO then keep doing what you are doing

[Anonymous No.7960081]

>>7960008
No, of course not if you are making money trading them. But the vast majority are useless vaporware and you know that.

[Anonymous No.7960124]

>>7960081
Are there any you don't think are vaporware anon? I haven't had time to research cryptos lately.

[Anonymous No.7960249]

>>7960124
>Are there any you don't think are vaporware anon? I haven't had time to research cryptos lately.

Here is the overarching problem with cryptocurrencies: THEY ARE NOT USER FRIENDLY.
>lose wallet key, lose money forever
>send money to wrong address, lose money
>get scammed by merchant, no chargeback, lose money
Your average consumer would rather TRUST WALL STREET than deal with these drawbacks.
On top of that, you now have to trust nerds on the internet to ensure the code has no vulnerabilities (e.g. DAO hack)
The only market segment that is willing to overlook these issues are criminals. Hence cryptocurrencies will always be limited to a very niche market segment,


As for cryptosecurities (ICOs) they all suck because you are basically giving a company free money. With stocks, investors get equity into the project. With ICOs, you get a chuck e. cheese token with no promise of future profits. If Ripple generates revenue through a business deal, XRP hodlers aren't entitled to any profit. Tokens are the worst, most disgusting security ever. Worse than junk bonds. Worse than penny stocks.

[Anonymous No.7960252]

>>7959762
because they offer private solutions for private blockchains if i'm not wrong while link is another "decentralize everything" meme
The main selling point of this "blockchain mania" is the decentralization of services that are already well established
Just look at some dapps, they are a fucking joke right now and not even close to compete with real centralized service
People are seeing a probelm where there isn't really one
>inb4 an autists screaming that crypto will free us from taxes

[Anonymous No.7960268]

>>7960034
>i read an atricle
stupid linky
go buy sergays shirt and have a wank
nobody besides the saddest autists here needs this shitcoin

[Anonymous No.7960325]

>>7960249
I want to buy some stocks but they've been going up for 10 years and I feel like there is barely any money to be made for a while, unless I was already a millionaire.

[Anonymous No.7960362]

>>7960249
>Your average consumer would rather TRUST WALL STREET than deal with these drawbacks.

This is part of the reason why higher fees didn't bother me. The volatility itself makes it shitty for consumer use too.

That's why the best use case now is a high-powered money for the technological and financial elite/enthusiasts who want an uncorrelated asset (digital gold). In time it will be more than that. Lightning Network will be long in coming, but it's the only real solution.

[Anonymous No.7960385]

>>7959509
Get ready anon, this is the year we see whos really valuable aka utility coins will make you a rich nigger

[Anonymous No.7960415]

>>7960362
>digital gold

problem with this is that
>need to trust coders to not have exploitable bugs
>need to be coder to compile the code and ensure it's legit
>need to deal with crypto mining centralization based on electricity costs

I dont see it being treated as digital gold by mainstream investors.

[Anonymous No.7960473]

>>7959648
BIZ PLZ UNFUD THIS REEEEEEEE

[Anonymous No.7960475]

>>7960415
>need to trust coders to not have exploitable bugs
That hasn't been a problem so far. Bitcoin is more transparent than the gold market.

>need to deal with crypto mining centralization based on electricity costs
There seems to be an effort now to rectify this, but yeah Bitmain is a problem.

[Anonymous No.7960524]

>>7960249
AHHHHH MY ALTS FUUUUUUUU UNFUD ME REEEEEEE

[Anonymous No.7960548]

>>7959509
The whole model of blockchain is to disrupt already well-developed systems. Turns out no one wants to do that especially when those systems are the most crucial we have (eg financial services). It’s impractical. The software itself is good as a framework for developing future software but the idea that these tokens are worth anything is preposterous. People expect businesses to buy tokens so they can use the blockchain but that is wrong. They will simply commission their own blockchain systems that don’t require a huge buy-in. So what you’re left with is retail investors buying tokens for the speculative value, which is the value if businesses bought the tokens. Which they aren’t.
Then you have the cryptos which are not utilities but are money replacements, most of them have limited potential as a currency because they have hard caps. You can’t control inflation when inflation is impossible. There is also the issue of the mainstream consumer not mentally processing it as real money. Fair enough, it’s intangible. Fiat is just paper but it’s paper you can hold in your hands. There is a major psychological component to that, we can even see how people respond to merely touching money it has a real effect on them and is seen as valuable. Crypto is no different from fiat in that it is a bunk item assigned value, but has a key difference that it is intangible.

Overall I think most anons overestimate the maximum value of this thing. They expect some kind of revolutionary adoption when it will probably be an alternative means of money transfer and a speculative asset. Just as it is now, forever.

[Anonymous No.7960563]

>>7959893
This guy knows what it's all about.

[Anonymous No.7960627]

FUCK THIS THREAD MAKES ME WANT TO MARKET SELL MY ALTS FUUUUU REEEEE UNFUD ME BIZBROS

[Anonymous No.7960694]

>>7960548
Good writeup anon. I think the get rich quick days may be over, but there can still be plenty of money made trading if you are inclined to that.

[Anonymous No.7960762]

>>7960548
What coins do you own anon?

[Anonymous No.7960855]

ANYONE? I THOUGHT WE WERE GOING TO EAT UBER’S LUNCH. WHERE MY ALTBROS AT UNFUD THIS REEEEEE

[Anonymous No.7960879]

WE’RE ALL GONNA DIE AAAAAAA SELL SELL SELL UR ALTS NOW FML

[Anonymous No.7960886]

>>7960762
None. I got out of alts in around end of August and btc in December.

[Anonymous No.7960888]

>>7959509
You're dumb.

[Anonymous No.7960900]

>>7960886
What’ll it take for you to buy in?

[DarkTrip !nNThBA7CKU No.7960925]

HOW ABOUT I FUCKING RAMA BITCOIN UP YOUR ASS DIPSHIT

FUCKING GET A WALLET AND START ACCUMULATING

BETTER YET SLAM A GRAND INTO YOUR TRADING ACCOUNT AND GET PLAYING

STOP BEING A PISSY LITTLE BITCH BLOODY GROW A PAIR AND FUCKING DANCE

[Anonymous No.7960972]

MY ALTS (VEN LINK OMG ELA REQ) ARE USELESS AND WE’RE ALL FUCKING GONNA DIE
REEEEEEE THIS IS NOT A DRILL
REEEEEEE

[Anonymous No.7960976]

>>7960888
>but not a retard
whew

[Anonymous No.7960994]

>>7960972
Anon you seem a bit distressed. Why not cash out enough until you don't feel stress anymore?

[Anonymous No.7961034]

>>7960994
Then I’ll miss out on gains and be more stressed. I just want someone smarter than me to unfud this because this is exactly what I’ve been thinking about in the back of my head. Anon articulated it so well

[Anonymous No.7961094]

34 REPLIES AND NO REBUTTAL FROM ALTBROS?
SELL ME A ROPE, NOW!!!!!!

[Anonymous No.7961115]

>>7960900
Nothing can make me buy in for a long term investment. I ended up writing a research paper in Oct. about crypto which led to harsh realizations about this market. I also maintained a tech adoption bell curve which placed maximum profitability at 20,000 which ultimately made my decision to sell.
I recommend to anyone to write papers on your holdings, be impartial, to avoid the bias and clouded judgement that comes with being invested.
I would definitely buy it for price speculation though, if it had a good setup and public image. I watch it daily but haven’t seriously considered a buy. To make me buy the people who came in on December hype need to leave. A big red flag at that time was that they are people with zero investing experience, zero understanding of capital markets. I mean I had to explain basic supply and demand to anons here. What a candlestick is and such. A market propped up on novice traders is one without strong support, it’s also one that doesn’t know when to quit and doesn’t notice major indicators.
Probably in a year or two I’ll consider it. Look back in old bitcoin charts - you can see this clear as day: A cycle of increased trading activity, rising price, huge hype and media attention, influx of dumb money, accelerated rise in price that is way too fast, crash, dead market for a couple years. Then it picks up again and does the same shit.

[Anonymous No.7961227]

>>7961034
Well anon, if your initial investment wasn't too large the worst that can happen is you'll lose it and be fine. The best that can happen is you could become potentially very rich. Might as well just have fun with it.

[Anonymous No.7961240]

To see a good example of what I mean look up 2011 and 2013 charts. All too familiar

[Anonymous No.7961259]

>>7959509
There is an immense amount of trash but I believe solid ideas exist behind it. It takes time to figure out how to do things but in general the amount of really educated people looking is what has really increased. The case for decentralization is tricky but has its uses, it doesn't mean that everything needs to be decentralized. Same for appeal to normies. Same for private transactions. Same for proof of work vs proof of stake vs... A lot of systems can coexist and some will be more niche than others. I expect most shit to still exist in limbo by next year, but the next one I believe even the biggest skeptics will admit that it wasn't all smoke and some of this shit was actually useful.

[Anonymous No.7961269]

>>7959509
all is ETH used for is to create more speculative coins

[Anonymous No.7961298]

>>7961269
I pretty much agree

[Anonymous No.7961299]

>>7961115
I believe bitcoin is a great long term hold.

[Anonymous No.7961330]

OP is gay what a surprise

[Anonymous No.7961405]

>>7961227
We’re standing on air right now. I’ll be shocked if a legit company market buys my shitcoins rather than get them free from the founder. There’s nothing to hold on to but the greater fool, and most of them are not coming back after this crash. I’m speculating on the goodwell of the founder to keep the price up. Holy fuck give me a rope now

[Anonymous No.7961490]

>>7961299
It might be, I personally don’t want to wait during the lull periods. Opportunity costs ya know? If your idea of LT is 10 years you’ll probably make out fine. But if it’s like 2 or 3 years and you bought at $15k... it will be a LT hold like it or not.

[Anonymous No.7961496]

uh, i hope no one seriously thinks that any sane company will buy their tokens?

really?

are you all insane?
lmao

they will buy a software license or anything like that
microsoft/ibm/whatever will adopt the most promising features in their own products

are you all insane?

[Anonymous No.7961512]

If 2018 doesn’t deliver a killer dApp we’re legit fucked

WHERE THE FUCK ARE MY SMART ALTBROS AT TO UNFUD ME? ARE RETARDS LIKE ME THE ONLY ONES LEFT????

[Anonymous No.7961527]

>>7959509
uhh you retard eth is not being used by any enterprises vechain is. The flipping shall happen this year.

[Anonymous No.7961576]

>>7961527
WHO THE FUCK WILL BUY OUR SHIT VET/THOR WHEN SUNNY FUCKING HANDS THEM OUT FREE OR SET TX AT 0 THOR? WHAT DA FUCK?

[Anonymous No.7961708]

THIS BOARD IS FULL OF RETARDS LIKE ME. WE HAVE NO REBUTTAL. WE EITHER HODL LIKE AN IDIOT ON ZERO FUNDAMENTALS OR SWING TRADE BY HEAD AND FUCKING SHOULDERS AKA REVERSE DICK N BALLS. WE’RE ALL FUCKED IF NONE OF US CAN UNFUD THIS

[Anonymous No.7961778]

50 replies and no rebuttal. The delusion is real

[Anonymous No.7961863]

>>7961778
It's clear that no one has been in it for anything other than the quick money anon. If that bothers you I would think about selling

[Anonymous No.7961870]

>>7961708
Chill and breathe, what is your problem exactly? This shit isn't easy, a lot of different fields intersect in this world and not even specialists in those fields who know more than anyone on this site agree on the theories about the future.

[Anonymous No.7961877]

>>7960524
you've been blackpilled
there is no going back
welcome to due diligence.

[Anonymous No.7961890]

>>7959509
>there are still no coins used for anything other than speculation? (Other than maybe eth)

simply not true.

[Anonymous No.7961895]

blockchains overhyped bullshit, just buy supply management coins the only use case blockchains are useful for

[Anonymous No.7961930]

>>7961890
Please enlighten me sir

[Anonymous No.7962064]

>>7961870
Sorry. I’ve been so in this bubble for the past few weeks that just now stepping back, I realized I’m literally high-stakes gambling

[Anonymous No.7962135]

>>7961863
I’m going to sleep on this. How is this thread not #1 by now? I don’t really belong here

[Anonymous No.7962286]

>>7961930
It was and is used at least as a currency and for tips for years.
And sometimes it's really better than fiat even when it doesn't come to illegal things (no need to have a bank account etc.)
It's great sometimes and it's even faster and cheaper when it comes to cross-border payments.
But I agree that most currency cryptos suck. Monero is good in it 'cause of infinite inflation and wide distribution (we don't even try to use it as an investment and that's it).
Steemit becomes mainstream.
Rlc tokens are already used for what they are.
Stellar and ripple are tested, supply chains are tested. The adoption time is now, it's just not what some anarchists thought it will be.

[Anonymous No.7962320]

>>7960548
best post ive seen on biz in a while

[Anonymous No.7962344]

>>7962064
You still haven't gone to 0 right? That's excellent. You have figured out that maybe you can actually lose this game, you're already the top 1%. Now that you understand there's a risk, you can make decisions where you do your best to take that into account. Think about ways in which you can improve your trading skills (on the long term or the short term or both). If you know the floor is lava, use the rope around your neck to climb, you'll make some bad decisions that will cost you money, if enough are excellent you can win.

[Anonymous No.7962443]

>>7962344
I’m memehodling ven omg ela link and req/gvt for 2018. I don’t have time or inclination to trade on events. I’ll be satisfied if one of my picks flourishes AND that success is tied to token value. But my confidence is 0 after this thread. If I’m less headstrong I should be in BTC 100%

[Anonymous No.7962482]

>>7961512
>If 2018 doesn’t deliver a killer dApp we’re legit fucked

Shhhh
Eos, zilliqa, elastos are coming. Dapps time.

[Anonymous No.7962569]

>>7962443
Gvt seems to have a decent product they are eventually going to be offering, I'd hold it

[Anonymous No.7962658]

My altbros we need to not only hodl each other through turbulence but also FUD ourselves every now and then to return to reality. I can’t do this alone it’s scary. If I were smart and less of a degenerate I’d be in BTC and XRP

[Anonymous No.7962717]

>>7962569
My picks are solid relative to the shitcoin space

[Anonymous No.7962728]

>>7962658
You came to play man, you could hold the big boys but you might as well just buy some decent stocks as btc and xrp already have their biggest growth behind them. Yeah we are buying and selling memes but some of them might still have a few punches left to deliver.

[Anonymous No.7962981]

Here is my obligatory rebuttal as a coiner. It hasn't had enough time yet. The next couple years are critical.

I would liken smart contracts to cloud computing. It took 10 years for companies to really get excited about it. (AWS launched 2006). The consumer can't even tell if their browser is on a cloud server or local, but it saves the company a shit load if they're on AWS instead of paying datacenter people.

If smart contracts are written on private ethereum or hyperledger blockchains, then certain coins will be compatible (link, quantstamp, enigma) I hold these coins, then bitcoin as the gold backing the contract and then vechain and Walton thinking the Chinese government will use these rfids to be even more like big brother.

[Anonymous No.7963013]

>>7962981
Bitcoin launched nine years ago sooo... one more year until things get going?

[Anonymous No.7963018]

>>7962981
I love you

[Anonymous No.7963044]

>>7963013
AAAAAAAAAAAA FU LN POS COMING SOON TM

[Anonymous No.7963059]

>>7962981
>Chinese government will use these rfids to be even more like big brother.
Take a look at hpb.

[Anonymous No.7963100]

>>7963013
ETH was proposed in 2013 and launched in 2015. Before smart contracts enterprise really had no need for bitcoin. The space moves faster so 10 years is too long of a trial. I think 5 years after 2015 should be long enough to test the viability of smart contracts.

[Anonymous No.7963159]

>>7963059
Dropped $50 in a while ago. Going to forget about it for a year or two.

[Anonymous No.7963212]

>>7963159
Mainnet is in june, they updated the roadmap.
Btw we've seen 4mm tokens tx to a wallet, so maybe whales are unironically accumulating.

[Anonymous No.7963269]

>>7963212
Thanks I didn’t know that. Will read more into this shitcoin and how it’ll benefit Chairman Xi

[Anonymous No.7963308]

>>7963269
I’m a gambler and don’t know what’ll happen to my money. I deserve a rope

[Anonymous No.7963465]

>>7963308
None of us know but making research is what makes not-a-gambler

[Anonymous No.7963540]

>>7960548
Nicely written anon. My mom even has a hard time understanding the concept use long term. Something I have heard alot working retail (3yrs) is customer's spreading the rumor that we will go paperless in the future. Take your average boomer they absolutely hate crypto and prefer Jewish institutions for Investing and storing cash. It's a mixed bag considering your average Crypto investor is under 30yrs of age.

[Anonymous No.7963605]

>>7963465
Speculator is a glorified gambler

[Anonymous No.7963670]

>>7963605
Since some of our projects don't exist yet we may be called investors.

[Anonymous No.7964574]

>>7959509
>>7964421

Invite comp where you can win prizes of 1, .5, or .1 eth all the way down to 10th place or so check it out


discord gg/5MySqTd

Never interacted with a smart contract before? HERES YOUR CHANCE!

OTHER THAN ETH IS RIGHT

[Anonymous No.7965222]

>>7963308
It's not really gambling because when you invest in a coin it's in your interest and in the company's interest to both succeed. You provide the money and the company tries to fulfill their plans. That's very different from gambling in which you are competing against the casino to win. It's in your interest for the house to lose and vice-versa.
Gambler might be a pejorative for a blind investor though and it makes sense. You should make your own research and know what you are doing.