The Bitcoin Bear Market and The EOS vs Ethereum Debate

August 20, 2018

Ryan Wilday is back to share some comments on the cryptocurrency space. We start out with his update technicals for the current Bitcoin bear market. Throughout this year we have seen lower highs and lower lows. I also get Ryan’s thoughts on the debate over whether EOS or Ether will be the standout in term of speed and acceptance.

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    Aug 20, 2018 20:10 PM

    As of this moment there are 2,170 different variations on Bitcon. The theory was they would be valuable because of utility and scarcity.

    If Miami had 2,170 ice cream parlors they would hardly be scarce and every one would go out of business as a result.

    When the dust settles Miami would go back to the 10-20 ice cream parlors it could support.

      Aug 20, 2018 20:32 PM

      Hi Bob,

      Vtols on the video will be the norm by the 2020’s. Meet the science behind it. The financial system is moving to cryptos NOW. Its been planned for years. Check out the power chip he is holding at the very end.

      Aug 23, 2018 23:58 PM

      Not sure if this is an argument against crypto-currency in general or just the over-proliferation of “alt-coins”… If the latter, then I’d have to agree. If you’re trying to argue Bitcoin is of no value because there are 2,169 competitors then I’d beg to differ.

      I think your ice-cream analogy illustrates the point itself: Too many producers of ice-cream doesn’t make ice-cream itself of no value (not even necessarily of lesser value). Another analogy might be social-media websites: You can’t argue Facebook is useless just because there are hundreds (thousands?) of other petty social websites. It’s the *network effect*, not to mention track record (meaning, it has been around a long time — so it’s likely to be around in a few years), that makes Facebook far more valuable than every other upstart alternative.

      (I hope Facebook bites the dust, but that’s a separate conversation and irrelevant to the above analogy.)

    Aug 20, 2018 20:32 PM

    Bitcoin is part of the bread and circus scheme made famous by The Romans, give the people welfare and the hope of riches, but the morons always outnumber the enlightened, so the right to vote is a joke. DT

      Aug 20, 2018 20:32 PM

      “the morons always outnumber the enlightened, so the right to vote is a joke.”

      Good one, DT

    Aug 20, 2018 20:53 PM

    Woo Woo!Live Stream Tommorrow 12 noon eastern. Banks Crypto.

    Aug 20, 2018 20:44 PM

    ‘Bitcoin Jesus’ Is Having a Hard Time Winning Over True Believers

    By Olga Kharif – August 20, 2018

    Aug 20, 2018 20:18 PM

    Bitcoin does seem to have been more stable for awhile now.

    Aug 21, 2018 21:36 AM

    The 2nd mouse gets the cheese. We need a housecleaning before cliptocurrencies begin to mature. The prime movers always get mousetrapped no matter two legs or four.

    Aug 21, 2018 21:16 AM
    Aug 22, 2018 22:16 AM

    I’m ‘Financially Ruined’: Cryptocurrency Investors are Crushed by Losses of 70% or More

    All bubbles behave the same and the results are similar.

    Aug 22, 2018 22:54 PM

    I’m financially ruined!! haha for a minute there I was thinking of my PM account.
    Crypto is real but what survives is very true and how will investors receive long term income for doing nothing. Look at how Microsoft changed there business model to renting out their product, now think crypto….how about Tesos…maybe!!?? if you own enough they pay.