Welcome to MoneroTrader, a price speculation based subreddit for our favorite cryptocurrency Monero (XMR). While coins such as Bitcoin and Ethereum make massive strides into the future of decentralization, Monero focuses entirely on adaptable privacy to ensure our financial lives aren't at risk in a world of pure decentralized money.
@FortuneMagazine: As the price of Bitcoin moves with the stock market, hedge funds and other big-time investors have little to like about cryptocurrencies beside pure speculation. https://t.co/BwlxIYEcED
Ethereum & Bitcoin Cash are best positioned to have profound positive effects on our world. If you want to make a political statement then support these projects, knowing that you are helping to create a better world. The world needs free money, not just another purely speculative asset.
Prove me wrong. I invest in stocks and funds for my pension. My approach is value, i try to buy solid companies at good prices, with a small allocation of my portfolio as "party money". The party money is mostly throwaway money for speculation. Ive never considered buying crypto because it makes no sense to me, but recently i heard about the bitcoin price going through the floor so i decided to buy £10 worth just for shits... May increase it to £100 next month to make the returns more real. What i dont understand is what bitcoin even is at this point. It seems to me that bitcoin is purely a vessel for speculation, not investing. I dont see how a currency would ever be adopted long term when its "value" is so volatile. The only time i ever hear about Bitcoin is when people are buying it for speculation, and not for its actual application - as a real currency. I also think its ridiculous that ive heard of people expecting the price to go to $100,000 (recently saw $300,000) when i dont see where the value is supposed to be. I dont see how bitcoin isnt a bubble, and i fully expect us in 10 years to look back and say "what the hell were we thinking..." Prove me wrong. Show me the value in bitcoin. And show me why you all call it "investing" where as i call it speculation at best, possibly even gambling.
This is lowkey a fucking iconic picture. The headline: 'The Queen’s bankers dismiss bitcoin as pure speculation as it smashes through $14,000'
https://imgur.com/a/6jeh1 Think about how we will see this picture in decades, if not centuries. Representative of so much of what our society has been built on and basically a picture that shows relics of a bygone era. Here we see an old white monarch with no reason to have power or wealth other than classism surrounded by shiny rocks that are essentially worthless. Rocks that were necessarily obtained via the exploitation and genocide of millions of people worldwide. Even if cryptocurrency is not the answer, I truly believe that I will always attach myself to systems that are created with the aim of being for the people. At least we are trying to change the world. Meanwhile these old clueless arrogant dinosaurs try and twist and turn the narrative like they have always done just so that they can maintain the power that they dont deserve. I dont know about you but this picture speaks volumes to me
Chess Legend Garry Kasparov: Bitcoin Is Pure Speculation
Former world chess champion Garry Kasparov went to the Web Summit, in Lisbon, this year while representing cybersecurity firm Avast. PROTESTE INVESTE, a Portuguese investment website known for helping novice and experienced investors, managed to speak to Kasparov in an interview about bitcoin and cryptocurrencies like CVH coin. In it, Kasparov revealed that bitcoin’s popularity doesn’t surprise him, and compared the cryptocurrency to “fake money” that’s “issued by governments in large quantities.” The chess grandmaster sees bitcoin as “fake money” because, according to him, about 80% of all available bitcoins are circulating in exchanges and financial markets, and are never truly used in any other industry, meaning they only serve investors. Born in 1963 in Azerbaijan, Garry Kasparov added that, given our technological evolution and subsequent increase in online market investments, it’s “expected, in the current global age, the rise of virtual money, of cryptocurrencies like bitcoin.” Kasparov became the world champion when he was just 22 years old, and was the highest rated chess player ever recorded, until current champion Magnus Carlsen surpassed him in 2013. He described himself as an “admirer of Winston Churchill and Steve Jobs,” and classified bitcoin as a “product of the free market.” Referring to bitcoin and other cryptocurrencies, CVH coin, for example, he added that wherever there’s an opportunity, there are smart individuals creating tools to seize it. According to the publication, Kasparov also highlighted bitcoin’s security, stating that “whatever’s anonymous can’t be 100% safe.” When asked whether the cryptocurrency could improve the economy and people’s lives, Kasparov stated that he doesn’t think so, and added that “a phenomenon as unstable as Bitcoin being attractive nowadays is a sign that the whole economy is in a huge state of stagnation.” The Portuguese publication went one step further, and asked the former world chess champion if he invested in bitcoin. He notably replied (roughly translated):“It’s pure speculation, I’m not an investor, just a former professional chess player and now professional speaker. Investing is very individual, it depends on the character of the people, if they’re available to risk it, if they’re available to speculate.” Kasparov finished the interview stating that “betting on electronic tools can yield a lot of money, but can also lead investors to ruin.” He concluded that, therefore, an investment in cryptocurrencies depends on every investor’s appetite and attitude towards risk. In its piece, PROTESTE INVESTE further added that given the risk, it doesn’t recommend investors put their money on cryptocurrencies. According to the publication, virtual currencies like bitcoin have no intrinsic value, and are worthless if they don’t “represent a product or something to exchange,” adding that no currency can do that if its value keeps rising and falling. An economy that only used bitcoin in its current stage would keep on fluctuating between inflation and deflation, the piece’s author suggests, adding that the fact “nothing can be done” with the cryptocurrency facilitates speculation, as there’s nothing to compare its value to. The interview with Kasparov comes at a time in which bitcoin is struggling, due to the cancellation of the SegWit2x hard fork, high fees, and due to a large number of unconfirmed transactions being stuck in a backlog.
Bitcoin is Pure Speculation, Says Robert R. Johnson. knightRider 5375. Dec 31, 2018 at 14:29 Update Date :Dec 31, 2018 at 14:29 UTC. Tweet . Share. Most of the people are believing that 2019 will be a great year for Bitcoin and other cryptocurrencies. But if we believe these experts, developers, miners, finance professors, and economists, cryptocurrencies will soon become like black and white ... DGB PURE SPECULATION [unable to retrieve full-text content] posting this as I am only interested in watching the price react to historic levels most trading patterns tend to broken by the market shapes are arbitrary I trade horizontal lines only not trading advicePublished at Fri, 15 May 2020 19:40:12 +0000 This is complete nonsense. Yes, the price of bitcoin may yet double or even quadruple -- because its price is based on pure speculation, and these stories are feeding such speculation. Pure Speculation: Bitcoin or Bust? UC Santa Barbara scholars dissect the popular — and polarizing — digital currency. By Shelly Leachman. Monday, March 10, 2014 - 09:30. Santa Barbara, CA . FC-Bitcoin-Perspective.jpg. Founded in 2009, Bitcoin was built on cryptography. It is the leading form of what's being called "cryptocurrency." Photo Credit: Courtesy Bitcoin. Download Image ... Bitcoin: Currency of the Future Or Pure Speculation? (Part 2 of 3) Jan 23, 2018 (Click here to read or re-read “Part 1”) “Mining” Bitcoin. There are three ways to obtain bitcoins: 1) accept them as payment for goods and services, 2) buy them on an exchange, or 3) “mine” them by employing energy (in the form of electricity) to generate computing power. Almost 17 million bitcoins ...
I DOUBLED DOWN ON VERGE! PURE SPECULATION THAT WRAITH WILL BE COMPLETED
Please join me in this new series where I will be analyzing some the biggest potential partnerships and collaborations in the Crypto world. 100% speculative analysis and fun! Follow me on: Steemit ... "Why our church no longer plays Bethel or Hillsong music," Pastor explains false teachings - Duration: 55:54. Doreen Virtue Recommended for you Live Bitcoin Trading With DeriBot on Deribit DeriBot Backup 1,156 watching Live now Good Morning Music VR 360° Positive Vibrations - 528Hz The Deepest Healing - Boost Your Vibration - Duration: 2 ... #Trading #Investing #Speculation Is crypto investing and trading pure speculation and gambling? Does technical analysis or fundamental analysis actually work? Token Metrics Media LLC is a regular ... ️ Leverage OPM (Other People's Money): http://opm.cryptonewsalerts.net Bloomberg just released its latest Bitcoin (BTC) outlook on the crypto markets. Bloom...