I am not an expert by any stretch so probably wrong 
My thought was that Bitcoin is the benchmark and recognised asset and when/if that went down for energy issues then the whole sector would take a big hit. When countries start banning crypto it surely could lead to more volatility.
Obviously some love that as they profit out of bad investors but I feel after lockdowns are truly over many may have lost out big time on GME and potentially coin. How the market react to the sudden halt of new investors will be interesting to say the least.
One big shock could destabilise the crypto thing. Hope not for those invested but I would never bet against national currencies in the long run.
Nigeria banned cryptocurrencies this year - it led to a surge in the local price of bitcoin and more adoption.
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Personally I am an avid believer in the stock-to-flow model for BTC. For this to be valid you need to think of BTC like Gold or Silver.
All the news that comes out around crypto creates the noise on the price chart, but the underlying trend is dictated by the stock-to-flow model.
Have a readā¦
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Insane. Either me or them
@BramblerJohn I donāt get it.
Why would Yahoo Finance publish a fake story?
Could it be an intraday price spike not captured by opening and closing prices?
It was part of the rewards on Binanceās launchpool/pad, that probably has something to do with it. You can get new coins being launched onto binance by staking BNB (binanceās coin) and get rewards in it (Alice) which you couldnāt sell until recently
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Whether stocks or crypto, dont invest in something you dont understand.
And from reading this thread there are a lot of people who dont understand crypto.
Iām not only investing in crypto, Iām buying decentralised internet domains before they go mainstream.
I certainly donāt understand crypto
and because of that
I certainly donāt buy it
What is a decentralised domain name? Iāll ask google anyway
Edit: if I understand correctly decentralised domain name are blockchain domain names that you pay for once only when you buy them, rather than pay once a year to rent with DNS?!
Is that a haiku?
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itās a coincidence if it is
another new word learned today
and it rhymes with Pikachu
Like an normal domain but hosted on blockchain rather than a centralised server. The ones I have bought are hosted on ethereum but other networks are cheaper. At the moment they arent of great use as they need a special browser to view pages, but Opera has added support and other browsers will eventually. Currently the ony use I have is to set up a proxy crypto wallet address so people can send me coins to an address like āgimmemoney.cryptoā instead of copy/pasting those horrible coded addresses. Bought a few extra that I think might be in demand at a later date in the hope of reselling them. I heard an interesting story recently of a computer/cryptography nerd in the early days of the internet who bought ācrypto.comā with no idea of its future significance. That and other domains have sold for millions.
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The size of the spike could be missed on the chart, but the price before the listing on Binance evidently wasnāt $0.10
You can see the price before listing was steady in the $17 range.
As for Yahoo Financeā¦ they evidently donāt bother to fact check before they publish 
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Initial investers bought at 0.1 and 0.125 in private sales long before it was launched for trading.
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Ok. I see. That makes sense. I which case the Yahoo Finance piece itās a tad inaccurate
I am educated in crypto. At its heart a Bitcoin is proof that a large amount of complex mathematical operations have been performed - itās nothing more than that. Thereās no inherent value to that mathematical operation.
Thatās completely opposite to a share. A share is a portion of an ongoing company, some asset or equity. The value there is that the company will continue to make products/money, the asset will continue to exist. The risk is in that stopping happening, but we can look at that risk and make an assessment of what we think future worth should be.
A crypto token will continue to exist as a purely mathematical construct. We canāt look at that and determine that thereāll be more or less demand for it in the future. The token will never be useful for anything other than as a trade token - itās worth only what others are willing to exchange for it at that particular moment.
To put it another way, I could give you documentary proof that Iād burnt a lot of oil. What would you trade me for that proof? You wouldnāt get the oil, but you can freely trade that proof on to someone else in the future. Iāll even make the same promise that Bitcoin does with the difficulty scaling - next week Iāll burn double the oil I did this week, but Iāll offer the same number of proof documents, so each represents double the wastage. What does that do to the value of those documents?
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doesnāt this make Bitcoin to look more like a derivative type of thing?
A derivative for a non-existent asset perhaps? Or the opposite of a future, a promissory note for an asset thatās already been consumed.
Pardon my French, but in that case it seems to me itās more like buying a fart!?
you canāt eat the cake and have the cake?!
On a more serious note, my understanding is that ICOs serve as means to raise funds to fund development of the token.
Tokens are based in Blockchain, a triple entry accounting system. The third element being the connection itself between the two double entry elements.
Blockchain predates Bitcoin by a lot of years.
Bitcoin was the first token to achieve something I canāt recall now.
There are hundreds of tokens.
So what are people paying for exactly?!
Im against adding crypto. There is plenty of apps that you all can use for trading. Adding crypto would reduce the development of the app itself and there is still a lot of work to be done as a whole to make freetrade platform better for stocks.
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