- Joined
- Dec 1, 2020
- Messages
- 4,663
What are your thoughts on crypto in general?
HBARMY HQ - Everything About HBAR Here - Q&A Articles Information - Open to Everyone to Post
- Thread starter MortgageHorn
- Start date
What are your thoughts on crypto in general?
- Joined
- Jan 9, 2021
- Messages
- 198
I think it’s a burgeoning market and still in its nascency. When you see large hedge fund and portfolio managers getting involved and holding credible amounts of assets while not talking much about it, that points to an undervalued set of “commodities” imo.
Many crypto’s will fail just like currencies through time but this is also about a digital future that’s been on the horizon for decades now. I can’t imagine there will be no long term future or value for crypto, in general. In fact, I think it will be demonstrably apparent that the opposite has occurred when looking back in a decade.
Even SHIB is being accepted at major retailers, and that’s more out of the power the community has as a presence on social media vs it’s actual technological use case. HBAR is another animal entirely that has the opportunity (through its voting council member entities) and wherewithal (through its technology and knowledge of the space) to enter the stratosphere in value.
Of course, I’m an engineer by training so I have no clue lol...
But really, I don’t. I’m just along for the ride.
- Joined
- Dec 1, 2020
- Messages
- 4,663
I think it’s a burgeoning market and still in its nascency. When you see large hedge fund and portfolio managers getting involved and holding credible amounts of assets while not talking much about it, that points to an undervalued set of “commodities” imo.
Many crypto’s will fail just like currencies through time but this is also about a digital future that’s been on the horizon for decades now. I can’t imagine there will be no long term future or value for crypto, in general. In fact, I think it will be demonstrably apparent that the opposite has occurred when looking back in a decade.
Even SHIB is being accepted at major retailers, and that’s more out of the power the community has as a presence on social media vs it’s actual technological use case. HBAR is another animal entirely that has the opportunity (through its voting council member entities) and wherewithal (through its technology and knowledge of the space) to enter the stratosphere in value.
Of course, I’m an engineer by training so I have no clue lol...
But really, I don’t. I’m just along for the ride.
Yeah, I am also of the belief that its nascent technology and will be the way of the future. Reading a great book right now called BlockChain Revolution by Don Tapscott and it all just makes too much sense.
I tend to think the Market leaders like BTC and ETH will win out and be the biggest names in the technology, im not so sure about the smaller names although i'm begining to see their use cases.
Almost all of my crypto holdings are in ETH, but im going to throw some cash at HBAR as i have heard it come up several different times with different people.
Do you ever do any crypto mining?
- Joined
- Jan 9, 2021
- Messages
- 198
I have not done any mining but I’ve looked into it a little bit.
- Joined
- Dec 1, 2020
- Messages
- 4,663
Same here. Mostly just looked into it. Been wanting to give it a try, not because i think it will make me a bunch of money but mostly to learn about the technology. Let me know when you want to give it a try!
- Joined
- Dec 9, 2020
- Messages
- 3,079
The whole crypto market is taking a massive dump recently. Bought in some a week or so ago, but at this point, I think I'm going to hold out for a bit to see what happens. May be a bad decision, but if we're at the beginning of a 2-3 month adjustment, I don't want to jump the gun.
- Joined
- Dec 24, 2020
- Messages
- 644
I have been constant buying for about the last 4 months. Told myself I would buy thru end of December. I just look at it as getting my cost basis lower right now.
- Joined
- Dec 9, 2020
- Messages
- 3,079
Yeah, I'm thinking similarly, but it's just a matter of determining how much I want invested in this market overall. Probably buy again in a couple weeks, then making again mid to late January, just depending on how things are going.
- Joined
- Jan 8, 2021
- Messages
- 24
@ChicagoFats @Overwatch
I'll share a mining option I have been in for a while. It's passive income!
Looked at GPU and CPU mining and not for me.
Helium is basically buy an appliance (miner) plug it in. Uses about the electricity of a lightbulb.
Helium Mining
Helium – Introducing The People's Network
www.helium.com
Purchased 1 and then added 4 more Helium hotspots. Appliances are a MNTD Rak miner, located at my house and our work facility locations. Total monthly income from the all miners can fluctuate 1100 - 2300 USD paid in HNT coins to your Wallet. Some miners earn more location, miners around, antenna etc...
Miners
Build The People's Network
www.helium.com
Zoom into your location the HEX you live in and surrounding areas is key.
- Joined
- Dec 1, 2020
- Messages
- 4,663
@ChicagoFats @Overwatch
I'll share a mining option I have been in for a while. It's passive income!
Looked at GPU and CPU mining and not for me.
Helium is basically buy an appliance (miner) plug it in. Uses about the electricity of a lightbulb.
Helium Mining
Helium – Introducing The People's Network
Purchased 1 and then added 4 more Helium hotspots. Appliances are a MNTD Rak miner, located at my house and our work facility locations. Total monthly income from the all miners can fluctuate 1100 - 2300 USD paid in HNT coins to your Wallet. Some miners earn more location, miners around, antenna etc...
Miners
Build The People's Network
Zoom into your location the HEX you live in and surrounding areas is key.
Interesting, i'll have to read about this. Thanks
- Joined
- Dec 1, 2020
- Messages
- 4,663
Yes, crypo market has trended down last couple weeks along with a lot of the Meme stocks that got run up during Covid. I only owned a little bit of crypto and feel like i missed out on the run ups so am hoping it continues to sell off so i can accumulate some more.
I'm just bullish on the technology long term, figuring out which ones will be around for the long term is the hard part to figure out.
- Joined
- Dec 9, 2020
- Messages
- 3,079
Exactly. You have to think that BTC and ETH will be there, but what will be the other big players? Hopefully HBAR.
- Joined
- Dec 1, 2020
- Messages
- 4,663
The more i read about blockchain, the more i think all of those smaller coins have use cases. So i feel strongly they will be useful, but its hard to say what that means as to their value.
Im going to go like 80-90% ETH and the rest in some alt coins and see what happens
- Joined
- Jan 9, 2021
- Messages
- 198
Deal. It’d be interesting to learn for sure.
- Joined
- Jan 8, 2021
- Messages
- 403
@ChicagoFats @Overwatch
I'll share a mining option I have been in for a while. It's passive income!
Looked at GPU and CPU mining and not for me.
Helium is basically buy an appliance (miner) plug it in. Uses about the electricity of a lightbulb.
Helium Mining
Helium – Introducing The People's Network
Purchased 1 and then added 4 more Helium hotspots. Appliances are a MNTD Rak miner, located at my house and our work facility locations. Total monthly income from the all miners can fluctuate 1100 - 2300 USD paid in HNT coins to your Wallet. Some miners earn more location, miners around, antenna etc...
Miners
Build The People's Network
Zoom into your location the HEX you live in and surrounding areas is key.
Ok, this is fascinating. What device did you buy? They look to be out of stock.
- Joined
- Jan 8, 2021
- Messages
- 24
Tons of information out on the web now.
All manufactures are back logged now...
I have 4 MNTD Rak miners and one Bobcat 300.
Signup on the manufactures website for batch releases as they release in batches. These can ship anywhere from 3 weeks - 12 weeks.
Dec 15th is MTND's Rak next release they will be available for sale on their website. Or you can do the Ebay route they are marked up at twice the cost but you will have in a few days.
- Joined
- Dec 9, 2020
- Messages
- 327
Am I seeing this right: $495/unit?@ChicagoFats @Overwatch
I'll share a mining option I have been in for a while. It's passive income!
Looked at GPU and CPU mining and not for me.
Helium is basically buy an appliance (miner) plug it in. Uses about the electricity of a lightbulb.
Helium Mining
Helium – Introducing The People's Network
Purchased 1 and then added 4 more Helium hotspots. Appliances are a MNTD Rak miner, located at my house and our work facility locations. Total monthly income from the all miners can fluctuate 1100 - 2300 USD paid in HNT coins to your Wallet. Some miners earn more location, miners around, antenna etc...
Miners
Build The People's Network
Zoom into your location the HEX you live in and surrounding areas is key.
- Joined
- Jan 8, 2021
- Messages
- 495
btc and eth aint going nowhere but...
there are coins out there that are trying to unseat those two, there are always people out there that can improve on something that already existing such as cars, tractors, televisions etc and crypto is no exception
for example ive red that polkadot is the next ethereum
look for coins that have value due to their use case, do they have the ability to change the world so to speak, not just a meme
with shit coins i threw 300 dollars on safemoon and shiba inu but that was just for the hell of it, i dont think they have any real world use so ill extract my profits (if ever) when they hit a certain price point
coins that i think are going somewhere are: btc and eth or course
alt coins in no particular order: ada, polygon, link, algorand, avax, atom, sol, uniswap, monero, enjin, aave, kava, oxen, rune, bat, dash. (ive got all these coins)
long shots that i think may be going somewhere: presearch, pirate chain,
i did purchase hbar due to mortgagehorn recs, idk about it though, too many corps involved for my taste but who knows it may explode which i would mind at all
i hope all these go to the moon, lets fuckin gooooo!!!!!!!
- Joined
- Jan 8, 2021
- Messages
- 24
Yes from the manufactures that about what they are selling if you can get one. Some manufactures are upcharging the units.
- Joined
- Jan 8, 2021
- Messages
- 9,319
What’s going on with coinbase and XRP? Anyone know? Some kind of glitch has me a billionaire with XRP
- Joined
- Dec 9, 2020
- Messages
- 3,079
Cash out and meet me here in Vegas!
- Joined
- Jan 9, 2021
- Messages
- 412
Cash out now
- Joined
- Jan 8, 2021
- Messages
- 9,319
- Joined
- Dec 9, 2020
- Messages
- 3,079
I know, just messing with you. Would be kind of funny if someone was able to do so before they fixed the glitch though.
- Joined
- Jan 8, 2021
- Messages
- 495
- Joined
- Jan 8, 2021
- Messages
- 9,319
Best I have
CoinMarketCap Glitch Sends Bitcoin Wallet Balances Into the Trillions - Decrypt
"Incorrect price information" on CoinMarketCap meant that crypto wallet users saw the wrong balances in their accounts.
decrypt.co
- Joined
- Jan 8, 2021
- Messages
- 495
Best I have
CoinMarketCap Glitch Sends Bitcoin Wallet Balances Into the Trillions - Decrypt
"Incorrect price information" on CoinMarketCap meant that crypto wallet users saw the wrong balances in their accounts.
next time that happens im gonna convert whatever it is to tether and see what transpires
- Joined
- Dec 9, 2020
- Messages
- 27,677
- Joined
- Dec 9, 2020
- Messages
- 27,677
- Joined
- Jan 8, 2021
- Messages
- 403
I joined the Reddit /r/Hedera group about a month ago, and while there's a lot of wishful thinking on there, it's a great source for news.
Now, everything below this comes from my nearly completely uninformed opinion on things, so don't make decisions that matter based off of anything I say.
While I'm not totally sure, it looks like Hedera might upend a lot of conventional products in finance. Last week, there was the demonstration of international wire transfer alternatives that cost practically nothing, cleared almost instantaneously, and were fully traceable.
This week, there was a debt issuance through Hedera. Look out, bond world.
Can we just come out and say it? Finance needs to evolve, and the middlemen need to get their hands out of the transactions, or at least make their hands a whole lot less sticky.
For example, credit card transactions cost merchants north of 2.5%, which is insane. How have we allowed that to persist throughout the internet era? All other commodified industries see pricing erosion, but not here.
Think about how crazy this is - I do 100% of my spending on a credit card, as do many Americans. This means that, depending on how much of our income we spend on a credit card, we could each individually be working between half a day to 6 days per year just to pay merchants' credit card fees.
Some transactions cost FAR more than this. A lot of merchant services vendors charge a fixed fee (the cheap ones are $0.10 per transaction) and a % fee. So, on a one dollar purchase, the total amount that goes to the credit card processing companies would be $0.10 plus ~$0.02 - that's 12% of the cost of the transaction, vanishing into thin air.
We've GOT to fix that. Hedera, maybe?
Of course, that's a MASSIVE use case - I can't even imagine what it would take to move something like that to a Hedera/HBA system, but there are A LOT of other finance use cases that are smaller-scale but of similar value.
Institutional Hedera users have already shown that they can can do international wire settlement and debt issuance cheaper, faster, and more traceable than fiat. Who knows what else can be done and how much more value can be realized?
Now, everything below this comes from my nearly completely uninformed opinion on things, so don't make decisions that matter based off of anything I say.
While I'm not totally sure, it looks like Hedera might upend a lot of conventional products in finance. Last week, there was the demonstration of international wire transfer alternatives that cost practically nothing, cleared almost instantaneously, and were fully traceable.
This week, there was a debt issuance through Hedera. Look out, bond world.
Can we just come out and say it? Finance needs to evolve, and the middlemen need to get their hands out of the transactions, or at least make their hands a whole lot less sticky.
For example, credit card transactions cost merchants north of 2.5%, which is insane. How have we allowed that to persist throughout the internet era? All other commodified industries see pricing erosion, but not here.
Think about how crazy this is - I do 100% of my spending on a credit card, as do many Americans. This means that, depending on how much of our income we spend on a credit card, we could each individually be working between half a day to 6 days per year just to pay merchants' credit card fees.
Some transactions cost FAR more than this. A lot of merchant services vendors charge a fixed fee (the cheap ones are $0.10 per transaction) and a % fee. So, on a one dollar purchase, the total amount that goes to the credit card processing companies would be $0.10 plus ~$0.02 - that's 12% of the cost of the transaction, vanishing into thin air.
We've GOT to fix that. Hedera, maybe?
Of course, that's a MASSIVE use case - I can't even imagine what it would take to move something like that to a Hedera/HBA system, but there are A LOT of other finance use cases that are smaller-scale but of similar value.
Institutional Hedera users have already shown that they can can do international wire settlement and debt issuance cheaper, faster, and more traceable than fiat. Who knows what else can be done and how much more value can be realized?
SmokeHouse423
Elite
- Joined
- Jan 8, 2021
- Messages
- 1,654
I used to get tattooed by credit card processing for my business. It would cost me on average $1,400-1,500 a month in credit fees.
I said screw that and signed up with a processor that adds 3.5% to every transaction used with a card, paid for by the customer. Nice 17k raise last year. We were busier this year so probably saved me 20k. I’m not going to lose 20k a year because you want to use your credit card
- Joined
- Jan 8, 2021
- Messages
- 1,302
He must work out
- Joined
- Jan 9, 2021
- Messages
- 6,315
Can't see shit again.
- Joined
- Jan 8, 2021
- Messages
- 1,329
Have you cleared your cache? Do you have a VPN or some sort of firewall on? When I'm behind my VPN, ESPN doesn't ever load no matter what but once I turn it off it's fine. Does your browser have an update to install?
That's all I can think of to fix it.
- Joined
- Jan 9, 2021
- Messages
- 6,315
On Safari now and everything is fine. Chrome is the problem.
- Joined
- Dec 1, 2020
- Messages
- 4,663
Im using Dissenter browser and can't see @mortgagehorns pics. Used to be able to though
- Joined
- Dec 1, 2020
- Messages
- 4,663
The big difference between Hedera and other Cryptos that I can tell is that Hedera is a hybrid model of centralization and decentralization.
Hedera is not fully decentralized and thats a big attraction of cyptos.
If im wrong someone correct me.
- Joined
- Jan 8, 2021
- Messages
- 1,329
I use Brave and never have issues on mobile or desktop, FWIW.
