Current Affairs Stocks and shares and stuff

[Hickson9]

I was reading that countries want to introduce their own crypto currencies, not Bitcoin, but something that is underwritten like paper currency by the issuing country, and get rid of all this mining etc etc. If they do that, then the world might be a slightly greener place without factories of computers eating up electricity.....

Agreed. The power consumption of the mining is a terrible downside.

 

[DuuuncanHadaPigeon]

I’m not howling at anything. I just understand the risks involved. I’m invested in blockchain, I’ve made a lot of money out of it.
But I’d like to understand what you think the intrinsic value is for a Bitcoin. What is your process for coming up with that valuation

The way I approach it is this...

what is the intrinsic value of a Bitcoin?

Unironically it is - price goes up.

Bitcoin is actually pretty terrible, it has two functions. Send and Mine, thats it. It will never be used as a currency as it is simply not scalable.

That being said it is the OG of crypto and so isn't going anywhere. To a degree it is just a speculative bubble, but it always oscillates upwards. It will crash again soon but then go on to hit bigger all time highs.

HEX does everything bitcoin can do, but better as well as many other features. It monetizes time. It took the idea of CDs/gvmt bonds and just put it on the blockchain.

HEX is the only crypto with any real use case and is truly innovative. If you are sick of tiny interest rates due to gvmts printing money for fun, then buy hex, stake it, and earn trustless interest. It is truly nobel prize worthy.

 

[DuuuncanHadaPigeon]

Agreed. The power consumption of the mining is a terrible downside.

Its the price you pay for network security but I agree there are better ways to do this than polluting the environment.

 

[mill]

Unironically it is - price goes up.

Bitcoin is actually pretty terrible, it has two functions. Send and Mine, thats it. It will never be used as a currency as it is simply not scalable.

That being said it is the OG of crypto and so isn't going anywhere. To a degree it is just a speculative bubble, but it always oscillates upwards. It will crash again soon but then go on to hit bigger all time highs.

HEX does everything bitcoin can do, but better as well as many other features. It monetizes time. It took the idea of CDs/gvmt bonds and just put it on the blockchain.

HEX is the only crypto with any real use case and is truly innovative. If you are sick of tiny interest rates due to gvmts printing money for fun, then buy hex, stake it, and earn trustless interest. It is truly nobel prize worthy.

How is the hex interest rate set?

How do you value it?

 

[DuuuncanHadaPigeon]

How is the hex interest rate set?

How do you value it?

The interest is dependent on the % of coins that are locked/staked in the system.

Currently 10% of coins are staked and the APY is 40%. If the % of coins stakes increases then the APY will decrease.

More coins stakes leads to a reduction in supply, which in theory leads to an increase in price.

HEX monetizes time and gives you full control of your keys and your crypto

 

[mill]

The interest is dependent on the % of coins that are locked/staked in the system.

Currently 10% of coins are staked and the APY is 40%. If the % of coins stakes increases then the APY will decrease.

More coins stakes leads to a reduction in supply, which in theory leads to an increase in price.

HEX monetizes time and gives you full control of your keys and your crypto

So for hex what would *you* value a token at? What’s your price target? How does that deviate from the market price?

 

[DuuuncanHadaPigeon]

So for hex what would *you* value a token at? What’s your price target? How does that deviate from the market price?

It's impossible to say. Who would have ever thought bitcoin would be $55k right now.

The only thing for certain for hex is that over time, the chart is only gonna go up and to the right.

 

[DuuuncanHadaPigeon]

HEX has hit an all time high. It feels good earning trustless interest @40%APY

 

[nikom court]

ill be watching the coinbase listing on wednesday with interest,
id usually just buy the underlying asset (btc) but i may have a punt if they allow the poor people in at a decent price!

 

[carolinablue232]

ill be watching the coinbase listing on wednesday with interest,
id usually just buy the underlying asset (btc) but i may have a punt if they allow the poor people in at a decent price!

Is it not weird they’re doing an IPO rather than an ICO?

 

[nikom court]

Is it not weird they’re doing an IPO rather than an ICO?

no,coinbase is a public bank in all but name,they sell crypto instead of loans.
they comply with all financial regs and even give your data to the tax authorities!
before i invest,the one question that keeps swirling around in my head,
is coinbase likely to outperform bitcoin in the next 10-15 years?
the answer is,not a chance!

 

[Paulie]

Does anyone use Freetrader?

Is it worthwhile having a small dabble for a total newbie?

 

[DuuuncanHadaPigeon]

Does anyone use Freetrader?

Is it worthwhile having a small dabble for a total newbie?

if you try and trade you will likely lose all your money.

 

[Bruce Wayne]

if you try and trade you will likely lose all your money.

Invest in tracker funds and you're guaranteed to not lose all your money.

 

[DuuuncanHadaPigeon]

Invest in tracker funds and you're guaranteed to not lose all your money.

This would be the sensible option for a newbie. It sickens me when people promote trading as generally you will just lose all your money.