Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #41  
Old 08.05.2021, 08:15
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,934
Groaned at 447 Times in 341 Posts
Thanked 22,137 Times in 11,486 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Dogecoin

Quote:
As for "The more people buy, the price will go up, and when people start selling en masse the price will fall", you just defined price movements according to supply and demand. That's what happens every day on the stock market.
However with stock valuations you are discounting the future cash flows, Cryptos have zero future cash flows so zero intrinsic value. It's hoping a greater fool will pay more.
Reply With Quote
The following 4 users would like to thank fatmanfilms for this useful post:
  #42  
Old 08.05.2021, 08:35
komsomolez's Avatar
Forum Veteran
 
Join Date: Jan 2008
Location: SZ
Posts: 1,788
Groaned at 85 Times in 60 Posts
Thanked 3,394 Times in 1,316 Posts
komsomolez has a reputation beyond reputekomsomolez has a reputation beyond reputekomsomolez has a reputation beyond reputekomsomolez has a reputation beyond reputekomsomolez has a reputation beyond reputekomsomolez has a reputation beyond repute
Re: Dogecoin

Quote:
View Post
However with stock valuations you are discounting the future cash flows, Cryptos have zero future cash flows so zero intrinsic value. It's hoping a greater fool will pay more.
At least that is the general theory. Not sure it works for the likes of Tesla, Pinterest.
Reply With Quote
  #43  
Old 08.05.2021, 09:18
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,934
Groaned at 447 Times in 341 Posts
Thanked 22,137 Times in 11,486 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Dogecoin

Quote:
View Post
At least that is the general theory. Not sure it works for the likes of Tesla, Pinterest.
The no's for Tesla assume that 90% of all cars sold will be Tesla, I think thats very unlikely.
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #44  
Old 08.05.2021, 13:38
Hausamsee's Avatar
Forum Veteran
 
Join Date: Feb 2009
Location: Lucerne
Posts: 607
Groaned at 104 Times in 54 Posts
Thanked 815 Times in 358 Posts
Hausamsee has a reputation beyond reputeHausamsee has a reputation beyond reputeHausamsee has a reputation beyond reputeHausamsee has a reputation beyond reputeHausamsee has a reputation beyond repute
Re: Dogecoin

Update: Binance ensures you can buy products from anyone who accepts Dogecoin, it also offers a wallet but..... this and other exchanges seem to have put the brakes on registration.
Not sure if it has anything to do with one of Dogecoins boggest fans Elon Musk hosting the NFL on Saturday?
Reply With Quote
  #45  
Old 08.05.2021, 14:04
pilatus1's Avatar
Forum Veteran
 
Join Date: Oct 2012
Location: Milky Way
Posts: 1,790
Groaned at 151 Times in 102 Posts
Thanked 4,757 Times in 1,873 Posts
pilatus1 has a reputation beyond reputepilatus1 has a reputation beyond reputepilatus1 has a reputation beyond reputepilatus1 has a reputation beyond reputepilatus1 has a reputation beyond reputepilatus1 has a reputation beyond repute
Re: Dogecoin

Quote:
View Post
Update: Binance ensures you can buy products from anyone who accepts Dogecoin, it also offers a wallet but..... this and other exchanges seem to have put the brakes on registration.
Not sure if it has anything to do with one of Dogecoins boggest fans Elon Musk hosting the NFL on Saturday?
SNL, i think you meant to write.
Reply With Quote
This user would like to thank pilatus1 for this useful post:
  #46  
Old 08.05.2021, 17:05
Hausamsee's Avatar
Forum Veteran
 
Join Date: Feb 2009
Location: Lucerne
Posts: 607
Groaned at 104 Times in 54 Posts
Thanked 815 Times in 358 Posts
Hausamsee has a reputation beyond reputeHausamsee has a reputation beyond reputeHausamsee has a reputation beyond reputeHausamsee has a reputation beyond reputeHausamsee has a reputation beyond repute
Re: Dogecoin

Quote:
View Post
SNL, i think you meant to write.
Thanks yes, Saturday night live..
Reply With Quote
  #47  
Old 09.05.2021, 12:26
komsomolez's Avatar
Forum Veteran
 
Join Date: Jan 2008
Location: SZ
Posts: 1,788
Groaned at 85 Times in 60 Posts
Thanked 3,394 Times in 1,316 Posts
komsomolez has a reputation beyond reputekomsomolez has a reputation beyond reputekomsomolez has a reputation beyond reputekomsomolez has a reputation beyond reputekomsomolez has a reputation beyond reputekomsomolez has a reputation beyond repute
Re: Dogecoin

Whoops.

https://www.cnbc.com/2021/05/08/doge...ght-live-.html
Reply With Quote
This user would like to thank komsomolez for this useful post:
  #48  
Old 09.05.2021, 12:38
robBob's Avatar
Forum Legend
 
Join Date: Mar 2012
Location: Zurich
Posts: 2,867
Groaned at 62 Times in 48 Posts
Thanked 2,756 Times in 1,470 Posts
robBob has a reputation beyond reputerobBob has a reputation beyond reputerobBob has a reputation beyond reputerobBob has a reputation beyond reputerobBob has a reputation beyond repute
Re: Dogecoin

Just gotta laugh.
or cry
depending
Reply With Quote
The following 4 users would like to thank robBob for this useful post:
  #49  
Old 09.05.2021, 13:09
jacek's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Aargau
Posts: 8,842
Groaned at 124 Times in 91 Posts
Thanked 6,540 Times in 3,624 Posts
jacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond repute
Re: Dogecoin

Quote:
View Post
Just gotta laugh.
or cry
depending
Doge went to the dogs

Or typical price manipulation to lower its value for new entry point

Last edited by jacek; 09.05.2021 at 13:39.
Reply With Quote
The following 2 users would like to thank jacek for this useful post:
  #50  
Old 09.05.2021, 19:15
Guest
 
Posts: n/a
Re: Dogecoin

Quote:
View Post
Doge went to the dogs

Or typical price manipulation to lower its value for new entry point
Yup. Shitcoin went the way shitcoins go. Earlier than I expected, too. And I don't see it coming back from here. But I've been wrong many times before.

Hopefully folks will put their dollars back into Bitcoin now (and not into Ethereum any more, says he who sold out too early).
Reply With Quote
This user would like to thank for this useful post:
  #51  
Old 09.05.2021, 19:37
jacek's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Aargau
Posts: 8,842
Groaned at 124 Times in 91 Posts
Thanked 6,540 Times in 3,624 Posts
jacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond repute
Re: Dogecoin

Quote:
Yup. Shitcoin went the way shitcoins go. Earlier than I expected, too. And I don't see it coming back from here. But I've been wrong many times before.

Hopefully folks will put their dollars back into Bitcoin now (and not into Ethereum any more, says he who sold out too early).
Doge will come back as they always do in this bull run. It has already regained 15% of losses shed earlier today, as we speak.

It’s not 2018 discovery phase anymore and recognition/adoption by institutions, greedy retail investors and inflation will make these assets more popular. It’s about understanding these things and viewing them differently than conventional investments. They ain’t gonna go anywhere no matter what one views as intrinsic or extrinsic value. The stock market may be tokenized on Ethereum one day.

Bitcoin should reach around $200k per coin …

Ethereum currently trading around $4k per coin should aim for target $8k…$10k soon …

According to:
https://finance.yahoo.com/news/crypt...204306727.html

Personally, I strongly believe it is very close call and realistic prediction …

Interestingly, how investors view both assets:
https://markets.businessinsider.com/...1-5-1030405530
__________________
🎾That's what we do to help English speaking expats community in Switzerland:
General Information About Swiss Tennis
Tennis Lessons Summer Winter Seasons
🎾🎾Our charity organization to help unprivileged kids to realize their dreams:
FMTF Supports Tennis For Children in Southern Africa

Last edited by jacek; 09.05.2021 at 22:52.
Reply With Quote
  #52  
Old 09.05.2021, 23:17
Jeep Life's Avatar
Member
 
Join Date: Nov 2018
Location: French Part of CH
Posts: 237
Groaned at 4 Times in 4 Posts
Thanked 280 Times in 135 Posts
Jeep Life is considered knowledgeableJeep Life is considered knowledgeableJeep Life is considered knowledgeable
Re: Dogecoin

Just noticed that prices on Kraken and coinbase are quite different for the same crypto. Interesting.
Reply With Quote
This user would like to thank Jeep Life for this useful post:
  #53  
Old 09.05.2021, 23:21
jacek's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Aargau
Posts: 8,842
Groaned at 124 Times in 91 Posts
Thanked 6,540 Times in 3,624 Posts
jacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond repute
Re: Dogecoin

Quote:
View Post
Just noticed that prices on Kraken and coinbase are quite different for the same crypto. Interesting.
I noticed that too. It probably depends on supply and demand on the given exchange!

https://www.cnbc.com/2017/12/12/why-...-exchange.html
Reply With Quote
This user would like to thank jacek for this useful post:
  #54  
Old 10.05.2021, 01:10
Forum Veteran
 
Join Date: Jul 2020
Location: Frick, Aargau
Posts: 2,499
Groaned at 50 Times in 44 Posts
Thanked 3,377 Times in 1,628 Posts
HickvonFrick has a reputation beyond reputeHickvonFrick has a reputation beyond reputeHickvonFrick has a reputation beyond reputeHickvonFrick has a reputation beyond reputeHickvonFrick has a reputation beyond reputeHickvonFrick has a reputation beyond repute
Re: Dogecoin

Quote:
View Post
Doge will come back as they always do in this bull run. It has already regained 15% of losses shed earlier today, as we speak.

It’s not 2018 discovery phase anymore and recognition/adoption by institutions, greedy retail investors and inflation will make these assets more popular. It’s about understanding these things and viewing them differently than conventional investments. They ain’t gonna go anywhere no matter what one views as intrinsic or extrinsic value. The stock market may be tokenized on Ethereum one day.

Bitcoin should reach around $200k per coin …

Ethereum currently trading around $4k per coin should aim for target $8k…$10k soon …

According to:
https://finance.yahoo.com/news/crypt...204306727.html

Personally, I strongly believe it is very close call and realistic prediction …

Interestingly, how investors view both assets:
https://markets.businessinsider.com/...1-5-1030405530
Why? Why that figure? There is no logic behind any of this. I rather like the dogecoin as it shows the emperors new clothes nature of the whole asset class.

They kind of remind me of Pokemon cards that my classmates collected when o was in junior school
Reply With Quote
  #55  
Old 10.05.2021, 01:15
jacek's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Aargau
Posts: 8,842
Groaned at 124 Times in 91 Posts
Thanked 6,540 Times in 3,624 Posts
jacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond repute
Re: Dogecoin

Quote:
View Post
I know this thread is dedicated to Dogecoin, but based on BTC analysis, finally some mathematical factors that can define historical price of the coin:

https://finance.yahoo.com/video/why-...tentType=VIDEO
Quote:
View Post
Why? Why that figure? There is no logic behind any of this. I rather like the dogecoin as it shows the emperors new clothes nature of the whole asset class.

They kind of remind me of Pokemon cards that my classmates collected when o was in junior school
The answers seems to be given in the video above.
Reply With Quote
  #56  
Old 10.05.2021, 01:55
evop's Avatar
Member
 
Join Date: Jan 2018
Location: Zürich
Posts: 211
Groaned at 5 Times in 5 Posts
Thanked 276 Times in 127 Posts
evop has earned the respect of manyevop has earned the respect of manyevop has earned the respect of many
Re: Dogecoin

Quote:
prices on Kraken and coinbase are quite different for the same crypto
Quote:
View Post
I noticed that too. It probably depends on supply and demand on the given exchange!
...and that also corresponds well with the decentralized character of the underlying assets and the economy they represent.

It certainly invites some arbitrage traders to milk those markets. But vast majority of them fail and cry about the inefficiency of markets and crazy transactional costs and limitations, when they find no way to use "enormous price spreads". Thanks to some fundamental features of traded assets, prices of same tickers at different decentralized assets venues are much less homogeneous, than at centralized securities markets. And that is actually good. Decentralized assets in that perspective do by default, what centralized market regulators are trying to achieve with artificially restricting certain classes of HFT and other liquidity destroying practices.
Reply With Quote
The following 3 users would like to thank evop for this useful post:
  #57  
Old 10.05.2021, 09:30
Forum Veteran
 
Join Date: Jul 2007
Location: Lausanne
Posts: 515
Groaned at 7 Times in 4 Posts
Thanked 204 Times in 129 Posts
naza is considered knowledgeablenaza is considered knowledgeablenaza is considered knowledgeable
Re: Dogecoin

Elon on SNL... it's a hustle... to the moooon

https://www.youtube.com/watch?v=qMl9RsptX-8
Reply With Quote
  #58  
Old 10.05.2021, 09:47
jacek's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Aargau
Posts: 8,842
Groaned at 124 Times in 91 Posts
Thanked 6,540 Times in 3,624 Posts
jacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond repute
Re: Dogecoin

Doge will be sent to the moon again?

Cryptocurrency: Musk's SpaceX to launch dogecoin moon mission https://www.bbc.co.uk/news/business-57052811
Reply With Quote
  #59  
Old 10.05.2021, 10:19
Forum Veteran
 
Join Date: Nov 2007
Location: Vaud
Posts: 1,009
Groaned at 125 Times in 61 Posts
Thanked 511 Times in 272 Posts
markalex has an excellent reputationmarkalex has an excellent reputationmarkalex has an excellent reputationmarkalex has an excellent reputation
Re: Dogecoin

Quote:

Bitcoin has a fixed supply. That's one of its key attractions. There will only ever be 21,000,000 Bitcoins. About 18.7 million have been mined already, leaving only 2.3 million—just over 10%—yet to be mined. So your suggestion that faster chips and cheaper computers will result in a BTC price crash is unfounded.

As for "The more people buy, the price will go up, and when people start selling en masse the price will fall", you just defined price movements according to supply and demand. That's what happens every day on the stock market.
Read this...

For those who are new to the crypto community, there's great news—you can buy any fraction of a single bitcoin! Bitcoin's smallest unit is called a “satoshi.” It represents one hundred millionth of a bitcoin, or 0.00000001 BTC, and is named after Bitcoin's anonymous creator, Satoshi Nakamoto.

So you mine all the coins and then start to sell fractions of the coins you mined, tell me that there is a limit to how many times you can split a number in 2 and I'll start investing in bitcoins.

A pyramid scheme, with no intrinsic value, a waist of world resources. Bitcoins.
Reply With Quote
This user would like to thank markalex for this useful post:
  #60  
Old 10.05.2021, 11:04
speakeron's Avatar
Forum Veteran
 
Join Date: Mar 2012
Location: 2.72548 K
Posts: 1,597
Groaned at 40 Times in 31 Posts
Thanked 1,559 Times in 774 Posts
speakeron has a reputation beyond reputespeakeron has a reputation beyond reputespeakeron has a reputation beyond reputespeakeron has a reputation beyond reputespeakeron has a reputation beyond reputespeakeron has a reputation beyond repute
Re: Dogecoin

Quote:
View Post
Read this...

For those who are new to the crypto community, there's great news—you can buy any fraction of a single bitcoin! Bitcoin's smallest unit is called a “satoshi.” It represents one hundred millionth of a bitcoin, or 0.00000001 BTC, and is named after Bitcoin's anonymous creator, Satoshi Nakamoto.

So you mine all the coins and then start to sell fractions of the coins you mined, tell me that there is a limit to how many times you can split a number in 2 and I'll start investing in bitcoins.

A pyramid scheme, with no intrinsic value, a waist of world resources. Bitcoins.
I've got some lab scales and a hunk of gold sitting here. Do you want to buy a thousandth of a gram? The cost of the gold will be about 5 cents, but the fee for 10 minutes of my time ain't cheap...
Reply With Quote
The following 2 users would like to thank speakeron for this useful post:
Reply

Tags
krypto




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT +2. The time now is 07:47.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0