Originally Posted by
TheGooner
However, I'm still struggling to see practical impacts anywhere ... anyone with ground breaking news?
It is not about practical use only anymore. I still believe the practical use should be as the underlying standard of promising crypto. But simply it is not about that. Currencies or investment gold also do not have other practical uses. Practical use is not needed: enough is apparently the promise of practical use. Compare it with stocks like TSLA, where promise of future income; or Google that never paid a dividend. It works for years and decades.
It is crazy and I believe in bad times the practical use will be an anchor and protection against downfall. But it is time to really change the approach and not to be too much smarter than stupid masses who are willing to put their money into it. I am not buying alts, especially not now, when the new ones like EOS and ADA have another bubble and I am very curious what will happen with those (along with XVG, TRON, NANO and ofc XRP). Not that I like them, I hate those, because there is even less use and work done then elsewhere. But they are the good example of human greed, market behavior etc. I just want to see how the bubble plays out.
Anyways if you are asking about practical use, the second best after btc is bcash. If something is certain, it is another BTC fee crisis, in 1-30 months. The alternative used in gambling then will be bcash, because LN will not be yet widely accepted. BCH is already implemented as secondary gambling cryptocurrency. I am not rebuying bcash, because it would devastate my own mindset atm, as I am not selling child porn or I do not eat people or animals. But I still hodl the 80% roughly and I will dump it when the described scenario occurs.
Cryptos are mind*****, no doubt about it. Also I believe we can see in short term nice run of BTC and red altcoins once BTC now finally breaks 10K USD again.
Also some coins that try real practical use are the storj, maidsafe, SIA and few others who try to provide more decentralized internet. And what we see is that they incredibly underperform. So: it is not at least atm about practical use. As it was never about the best lines with bookies and that is why Pinnacle and Asian bookies << bet365. It took me almost a decade to accept that fact.
I am just happy with my average 3000% crypto ROI in BTC in few years. I am forcing myself not to be greedy and wanting 30000% or so. Looking back into real world.
Also is funny with all the shitforks of BTC: now I work on selling them and it is really impossible. I do not have a bank like Roger Ver, but I would destroy most of markets of Bitcoinforks with a fraction of my forked coins. Hence I can not sell them. And that is why the forks are holding the price.
Last edited by Sherlock; 5 May 2018 at 2:19 pm.
If you talk to God, you are praying; If God talks to you, you have schizophrenia.