Tag Archives: alt coin

Bitcoin Dies, and it’s Under Appreciated Brothers Thrive 2018

Bitcoin Dies

A little flare for the dramatic and some comedy to start our day today.  However, if you were a big holder of bit coin or any crypto today you are probably not laughing right now.  Bit coin and crypto currencies took a Big Hit.

Here is some insight into the future.  Doomsday people ranting that bit coin is a bubble and over speculated on may have some validity.  Let us not forget the actual value of a crypto coin is providing low transaction costs, fast transactions world wide, actually paying for goods and services, and perhaps transactions without a face or name.

Bitcoin is still pretty new and has a long way to go in acceptance.  It also has problems of expensive and slow transactions.  Most of the crypto exchanges are accepting bit coin and Ethereum.

   Why not start backing Ethereum?

   It wouldn’t have to be ethereum but it does have the jump on many alt coins as far as acceptance and exchanges are already set up for them.  Why not support a coin that actually works to provide a valuable service that it set out to solve, low transaction costs etc. and ethereum happens to have uses to developers as an added bonus.

I really look forward to the day that alt coins are not tied so strongly to bit coin and going into the future I think it will happen.  Ask yourself why hold bit coin…

Disclaimer: No investment advice is being offered here.  It is my opinion and thoughts.

2 Gigantic Reasons Bit Coin is a Storage of Value

 

 

What If It Took a Wheelbarrow of Money to…

Buy a Gallon of Milk?
   You could end up like this poor chap in the picture if your government engages in out of control inflation.  This is why it is time to take a more careful look at something that is truly limited and a store of value, Bitcoin or Cryptocurrency.

Think you are safe holding money by a government?
   Let’s look at an excerpt from Horizon Kinetics, Market Commentary, October 2017
          The Roman Empire debased its coinage for 2,000 years. As one example, during the 73 years between
Marcus Aurelius’s reign that ended in 180 CE and the beginning of the reign of Emperor Gallienus, the
denarius silver coin was debased from 75% silver to only 5%, by which time the silver was just a surface
coating that would wear off. That is 93% depreciation, which works out to about 3.6% per year.
– Staying with the 73 year timeframe, from 1943 to 2016, the U.S. dollar likewise lost 93% of its
purchasing power, based on an annualized inflation rate of just over 3.6%. For most of that period,
though, U.S. citizens could earn a comparable yield on their bank deposits or treasury bills, so that
purchasing power could be maintained. That’s not been the case over the past ten years, though, since
short-term interest rates have been kept near zero; today, money really does earn a negative return.
___________________________________________________________
   Bitcoin has a limited supply of 21 million coins.  No more can be created.  It is a decentralized currency so that nobody controls the supply.  Even gold and silver do not give us a true comfort of limited supply.  If the price of gold and silver were to go up dramatically we would find ways to mine more of it.  My point is that we may hold less gold and silver than what is still untouched in the earth.
   As a thought experiment, I would like you to consider the value of bit coin if it were to actually replace the money we use today.  If there are only 21 million coins and the coin would have to account for trillions upon trillions of dollars you would discover that one bit coin is worth far more than the roughly 11,000.00 it is selling at…
How do you feel about crypto currency, let’s hear your opinions?