What is your stance on crypto?

Discussion in 'Crypto Assets' started by Tokenz, Apr 5, 2022.

What is your stance on crypto?

  1. I believe in crypto, and promote everything it stands for 100%

    30.8%
  2. I believe in crypto, but dislike the reputation it has.

    3.8%
  3. I don't know whether to love crypto or hate it.

    19.2%
  4. What is crypto?

    7.7%
  5. I dislike crypto, but think there are good solutions with crypto.

    3.8%
  6. I absolutely hate crypto, and will go out of my way to tell everyone else why they should too.

    34.6%
  1. Now that I believe. :D

    As to definitions, from your link:

    Bitcoin’s average daily transfer volume surged more than five-fold year-over-year to $35.9 billion in 2021, while the cryptocurrency’s average transaction value grew six times to $136,555.

    The average transaction value suggests to me that the volume represents trading volume on crypto exchanges rather than for purchases of goods and services, which is the comparison the link apparently makes with Visa. I think that makes it an inappropriate and arguably meaningless comparison.
     
    Last edited: Apr 7, 2022
    #31     Apr 7, 2022
  2. johnarb

    johnarb

    No it's not trading volume on exchanges. Those are not counted as they are not on-chain

    https://coinmarketcap.com/currencies/bitcoin/markets/
     
    #32     Apr 7, 2022
  3. #33     Apr 7, 2022
  4. themickey

    themickey

    Picture-Digital-Synopsis.jpg
     
    #34     Apr 7, 2022
    johnarb and Frederick Foresight like this.
  5. johnarb

    johnarb

    typo :banghead:
     
    Last edited: Apr 7, 2022
    #35     Apr 7, 2022
    themickey likes this.
  6. johnarb

    johnarb

    #36     Apr 7, 2022
  7. I think of crypto as a 10-year call option that's probably going to expire worthless. Still, it's worth holding the call.
     
    #37     Apr 9, 2022
  8. Nine_Ender

    Nine_Ender

    Hard to say playing energy made a lot more money most of the last two years and it's based on tangible growth in company balance sheets. The trick is to identify these huge growth situations early in the cycle and crypto may possibly be late cycle.
     
    #38     Apr 9, 2022
    PoundTheRock likes this.
  9. Agreed, I passed on too many opportunities back in 2016-17, even when Crypto Dude was pounding the table to buy Ripple in fractional pennies.
     
    #39     Apr 9, 2022
  10. If you can't baffle them with brilliance baffle them with bullshit. Crypto lingo is like a schizophrenics word salad. At least mathematics Lingo is logical
     
    #40     Apr 13, 2022