Date: February 7th, 2018 11:15 AM Author: Avocado Rough-skinned Menage Coldplay Fan
Many will go to zero, but I think people are still struggling to understand how to value crypto at all. I posted a screed on what he is alluding to here two days ago, which is also the point of my 1 BTC = .1 ETH = .0001 XRP thread:
"People seem to be trading cryptocurrencies as though they're all going to survive, or at least maintain their value. The high correlation between the different cryptocurrencies worries me. Contrary to what one would expect in a rational market, new currencies don't seem to reduce the value of old currencies; they all seem to move as a single asset class," Strongin said.
Date: February 7th, 2018 11:42 AM Author: geriatric stag film
The problem is that there is no reason for these tokens/coins to be worth anything. They arent stocks or shares of the company and they dont entitle you to any sort of profit sharing.
Date: February 7th, 2018 1:28 PM Author: Insane indian lodge
Didn't seem so temporary on Monday. I'm afraid some of their clients sellcucked at the bottom because of that note. They have been bearish before but they also were one of the first banks to offer short sale contracts of BTC to high net-worth clients.
In this market, you're either a nocoiner, short on BTC, or a coinmo hoping for moons. Everyone's got their bias I guess.
Date: February 7th, 2018 1:29 PM Author: Beady-eyed bat-shit-crazy range
PZX, ZMN, AOG, TYR, FIL, and PPP are definitely going to zero.
Are any of these real? None of you even know. Most cryptos are literal shitcoins traded by six people on EtherDelta. They could all go to zero tomorrow and nobody would notice.
Date: February 7th, 2018 9:18 PM Author: Avocado Rough-skinned Menage Coldplay Fan
When it comes to Goldman Sachs, remember we are talking about people that short their own financial products. I think many people distrust anything they have to say, and assume they have an ulterior motive.