It will get better, I like to draw parallels to the dotcom bubble–sooner or later we'll see a real collapse and the coins that are actually worth something will rise from the dust. Just like how Amazon and eBay did. This could take a year or three though.
Exactly, a +10% drop in a day is pretty newsworthy for the DOW and wouldn't be called just a correction. Cryptomarkets aren't the DOW, you're more than free to check the yearly charts on coinmarketcap.com, what we're seeing right now is not unusual for the market, and I'm saying this as someone who's been heavily involved for multiple years.
Past experience would suggest a double digit move either way isn't surprising. But equally, it's not correcting anything as there's no meaningful book value to correct to.
These are likely just fairly arbitrary moves that will be followed by other arbitrary moves.
As the markets are almost completely opaque, unless you're the person dumping, attempts at attribution are mostly futile.
Isn't that just exactly the same as 'hype', in the opposite direction? Clearly the logical approach is neither to follow the hype, nor shy away from it, but to ignore it altogether.
Not quite. We see ordinary people "invest" in what we perceive as gambling at best and a scam at worst and are infuriated by how various people, media etc are egging them on.
The Washington Post had it right in 2015 even though they didn't even use the neologism "hodl":
> - Hey, do you want to hear about the future? It's a digital currency called Bitcoin that lets you spend or move your money online without paying any fees. - Sounds great. How does it do that? - Well, Bitcoin saves you money by making transactions irreversible. - So ... if I get scammed, I got scammed? There's nothing I can do about it? - Yes. -
Okay, but is it at least easy to use? - The thing is, I don't actually use it. I just hoard it. I'm waiting for some greater fools to push up the price by using theirs. - Oh. -
Yeah. So you should buy some Bitcoins and use yours.
This is nothing but a scam. We don't want people to be scammed.
> Well, Bitcoin saves you money by making transactions irreversible
How does it do that? Irreversible transactions allow the currency to be decentralised, but I don't think they were even intended to be a means of saving money.
> So ... if I get scammed, I got scammed? There's nothing I can do about it?
I upgraded to high sierra a couple days ago and my MacBook has been freezing AT LEAST once a day. Good on you that you’ve avoided the upgrade, I wish I had too.
I recently installed Piwik for a client, and I was very impressed with the progress they had made. I like it way more than any other analytics tools I’ve used.
I've considered a cluster of servers before, but the server is actually under heavy load most of the time. It's running a LEMP stack and the database is fairly big.
I recently got an Apple Watch series 3 (non-cellular) and I can use it for three days before needing to charge it. It’s my understanding that this wasn’t the case with the previous versions, the series 3 battey life has been drastically improved.
My series 2 lasts two days. It'd be nice if it lasted three so I wouldn't have to take my charger with me on weekends away, but I haven't found it to be much of a pain either.
> I am far more concerned with people in Phillipines, Micronesia, Vanuatu etc who are at risk of losing their homes and livelihoods and literally having no where else to go.
Wouldn't they be able to reach other countries by boat/ferry? With water levels rising around the world, and the Middle East drying up, one can only wonder how many people in these areas will decide to migrate to other countries. I think it's very possible we'll see some kind of mass migration from MENA countries to Western countries if the water crisis doesn't get solved. And i'm not talking about the kind of mass migration we've seen in the recent years, but on a much larger scale.
Might lead to kind of "invasion of sea people" scenario but planet-wise.
Middle East has another problem, with their population still growing they're looking towards the future where even without land shrinking it's too much of them, and here they don't have anybody to blame. Same for Africa (which is not drowning, if not in people).
They definitely won't be accepted happily, or at all. People have already had enough of immigration and the politics reflect that (the rise of right-wing populists in Western countries.)
My parents migrated from the Middle East in the 80s due to war so I have an insight in what goes on in their country, people leave for Europe in quest of a better life quite often. They spend lots of $$ on it and they still get rejected and sent back, I've had personal experiences with people doing that. I've been thinking about the situation that could arise, and it's worrying.
Well, we should be definitely fixing these countries on the spot for 100% of their population - helping top 10% to emigrate doesn't fix any problem for the rest of populace.
Unfortunately, after decolonization Western countries called it a day: The world is saved once more and they don't have to care anymore, except by using it as a bait in internal politics.
1: http://tass.com/economy/1001169