Forex & Crypto?

Discussion in 'Coin Chat' started by jmccarty, Dec 8, 2017.

  1. baseball21

    baseball21 Well-Known Member

    They love all things tech which is probably where the obsession started. Whether people like it or not though crypto is going to be a thing going forward. Obviously in the US it has served more as an investment vehicle than a means of payment, but I can see how it would be attractive in other countries as payments. Asia has embraced it particularly Japan, China and South Korea.

    I doubted it for a few years but I was wrong, it's here to stay for the foreseeable future. The only question is at what value.
     
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  3. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Well, duh! Of course. How about less than 1/1000 its current value?
     
  4. baseball21

    baseball21 Well-Known Member

    Doubtful. What used to be the biggest exchange that China shutdown is coming back next year based in Japan. The futures contracts that are supposed to open next week will be interesting to see their impact though
     
  5. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Agreed about the futures. But it can then be a double-edged sword. Then people can "short" Bitcoin. Look out.
     
  6. baseball21

    baseball21 Well-Known Member

    That's what I'm curious about as some probably will as a hedge with the big question being will it actually impact the bitcoin price
     
  7. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Futures tend to drag around their base assets, not vice versa.
     
  8. green18

    green18 Unknown member Sweet on Commemorative Coins

    Just get an 'electrician'.........
     
  9. baseball21

    baseball21 Well-Known Member

    It may behave conventionally, but with the uncharted territory of bitcoin and it showing time and time again that it can break conventional patterns it may not either
     
  10. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Wow, that's pretty identical to saying, "this time's different", THE most widely accepted indicator that it's absolutely an unsustainable bubble.
     
  11. baseball21

    baseball21 Well-Known Member

    Except this time it really is. When's the last time we had an internationally currency that was tied to no country, no metal price, no exchange ect that was accepted in multiple countries? I can't think of any comparable
     
  12. chrisild

    chrisild Coin Collector

    green18 likes this.
  13. green18

    green18 Unknown member Sweet on Commemorative Coins

  14. TheFinn

    TheFinn Well-Known Member

    It does after it's printed in the paper.
     
  15. chrisild

    chrisild Coin Collector

    Probation. :smuggrin: I know, these days many articles are behind paywalls. With news agency material it is a little different - still copyright protected of course, but can be found at many places.

    Christian
     
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