Is it ever enough?
Anyone buying this dip?
Chronicus
#46
Sure man, I bought more just yesterday, I dont expect a payout short term but medium to long, Iām hodling and accruing when I have extra cash
Michael94588
#47
Hey you said you werenāt going to buy but you bought 3 times last week. Hahahahaha.
Yeshuaschildren
#48
I buy every dip, even if itās just a few bucks. Iām a long term holder accumulating a little here and a little there. # to 5 year time horizon.
Noddyholmes
#51
I am buying but want under 4 cents AUD.I am going to stagger my purchases over the next 6 months rather than buy say 100,000 in one hit.Absolutely worth the risk.A few thousand to lose but the upside can be enormous.
Michael94588
#53
Nope. I feel it will go lower. This is not trading advice and should not be construed as such by any person.
Michael94588
#59
This is not financial advice. Anyone investing in cryptocurrencies should seek the advice of a financial consultant. This post is for entertainment purposes only and should not be construed as advice on cryptocurrency investments.
Strong forces pressing BTC down. Any green moments are a bull trap and I donāt want to be a donor right about now.
One problematic issue I keep running into is smart contracts. Been thinking about this all day. So letās say I enter into a contract with someone for 100k worth of Ada at a hypothetical $1.00 value. The contract is fulfilled but the price of Ada drops to .50 USD.if my amount was escrowed, is it a requirement of the contract to contain a clause on fulfillment occurs full price? This means either I pay more or the other party takes a loss. In this current environment, with stability no where in sight, how would this encourage a user to adopt this currency?
The other issue I gave is the ability gif literally anyone to start/mint a currency. Continuing this ability destroys value in my models. If something is open source or a fork (contentious or not) occurs, then you have an almost duplicate currency. What if a team came in and made s better version. Your currency could be rendered valueless quickly. There is no state backing the currency to provide the stability required. There is a pseudo scarcity because anyone can duplicate any open source coin. Well even though a person could print US Dollars, they would do so at substantial risk and would likely go to jail. This is not illegal with crypto. The full faith and credit of the dollar is based on the US economy and govt including all persons who are vested in it. A coin need only a couple super talented guys and gals in s garage, literally. I have no faith and credit in that,
Anyone care to chime in so I can tweak this model? Open to having my thoughts changed bug I wonāt succumb to fanboy excuses.
Michael94588
#60
This green right now will be red really soon, I feel.
This is not financial advice. I am not a financial consultant.
roswald
#61
The āenter into a contract with someone for 100K at $1.00 valueā¦ and the price drops to 0.50 centsā - This condition should be addressed by the Smart Contract itself. You should be aware of the terms of the contract before agreeing to it. That being said, every situation known to mankind (like a zombie apocalypse), canāt be anticipated, so the rules of the contract are executed as written. In this case if there was no rule dealing with a price change then the contract would expect to be executed at $1.00.
Michael94588
#62
The problem with an unstable currency. This is a problem donāt you think? Have you ever entered into a contract where the cost can change based on the monetary value paid or received at the time of signing? Imagine if this was used by a car mechanic? Think that car is getting fixed?? I doubt it. The person paid in Ada worth 1000.00, the price deflates and now the have to pay an additional 500. Then the job is complete and the price goes up. You think the mechanic is going to give back the 500? Not.