Is it still worth investing cryptocurrency in the end of 2018

Now that the crypto market is crashing, and has been crashing for months now, the question that comes to mind: did all those crypto experts actually knew what they were talking about?
 
Bitcoin, Litecoin, Ether and maxcoins ... what are they actually worth and what is driving the cryptocurrency mania?
 
 
You already invited:

Artem

Upvotes from: JOSHUA nanotree

1. No one can know whether they're emotional about something. 
2. The reasoning that cryptocurrencies will go up is simply because they solve A REAL PROBLEM of boom and bust cycles. I explained this to you in your last video. Feel free to continue to ignore this. 
3. Gold and silver are not volatile. This is the deception you receive because we deal in fiat all the freaking time. Approximately the same amount of gold would get you a good dinner over the last 100 years. The only reason fiat "seems" stable is because it's acceptable as stable over a short period of time, while in reality there's constant inflation in everything of AT LEAST 3%/year. The problem with your logic is that you're speaking very short term. Compare the stability of gold/silver to fiat over 20 years and you'll see the difference. Again, don't compare them to fiat directly, but something else like a basket of goods or other services whose scarcity has not changed, and you'll see that gold and silver are WAY more stable, ignoring bubbles that are short termed anyway. Buying gold and silver is not a short term act. That's stupid to even think of. It's the long term hedge is why people buy them, again, ignoring speculations and bubbles. 
4. Cryptocurrencies have a low market cap, that's why they're volatile. When they rise (which is inevitable upon the next economic crisis), they'll become more stable. Think of it as if a business has the capacity to manipulate 1 billion dollars. By today's numbers that's 0.5% of crypto markets, which is relatively high. If crypto is to reach 5 trillion one day, that billion would be 0.002%, which is nothing and manipulation would not be as successful, and hence the prices would stabilize. Also don't forget that this is new tech, so it still is undetermined how valuable it's intrinsically based on the amount of problems it solves. 
5. Gold and silver and cryptos have one thing in common that gives them value: Scarcity. Cryptos don't have intrinsic values and no one claimed that; and is not backed by anything. Show me who said that! That's nonsensical!
 6. For the millionth time: The only difference between crypto and fiat is that crypto is not corruptible because it's based on consensus, while fiat is corruptible and no one knows how much a central bank decides to print the next day and change interest rates to cause another economic bust like 2008, which is coming soon. With crypto, that WON'T HAPPEN. If you look at the numbers, you'll see that central banks are printing money to buy commodities and stocks... how disgusting is that? That's exactly what happened during the big depression! Can that ever happen with crypto? NO! Because no one can PRINT MONEY. 
7. It's not silly to say that fiat is not backed by anything, because the term "not back by anything" means that it can be PRINTED WITH NO LIMITS, which is HAPPENING! Not only that, but setting the country to infinite debt... all that is because the government is in charge of economics! Cryptocurrencies separate states and economics, which solves the boom/bust cycles problems. 
8. Cryptos may not go back up. That's possible. But mark your words and learn from your mistakes if you're wrong. The problem with people like you, Stefan, with all due respect, is that you don't learn from your wrong speculations. 
9. The founder of Litecoin, Lee, TOLD PEOPLE that this was mania/bubble. He didn't lie. Where the hell do you get your info from? 10. Nice piece of advice. I'll keep that in mind. Just keep in mind that this is the second wave of bitcoin going up in price. It went up in 2014 and down from $1000 to $200, and back up to 20k and now to 6k.

ken

Upvotes from: JOSHUA nanotree

People who thought they were smart were saying things they thought were smart -- but obvious to me, they had no idea what they were talking about and they were not thinking intelligently about market dynamics or the prospects of crypto as viable money. And that continues. Equally obvious was that the huge mass of people drawn in, in 2017, were unsophisticated rubes who had no idea what they were doing. Easy to see from their nonsense defensive statements and cheering. Also obvious is that every inch of the cyrpto market is soaked in fraud and manipulation. There was a time people thought Bitcoin would be a viable currency. But it's failure has already occurred, past tense. Value exists in the interaction of supply and human demand. So at the moment, yeah there is enough manipulation-influenced demand that people are paying $6500 for bitcoin. But you got to think deeply about the persistence of that demand. Bitcoin has already failed as a future-currency (not to mention the potentially infinite supply of other crap-coins), and there is no good reason for it to exist. Nice try, didn't work out. When that demands fades away as true-believers fall away, the price will go where it belongs long-term.

CHARLIE

Upvotes from: nanotree

Bitcoin scarcity was modelled on gold. It's amazing how many people hate on Bitcoin because of it's environmental impact, but don't bat an eyelid at the insane amount of energy, resources and environmental destruction that goes into gold mining. The vast majority of gold just sits in vaults as a store of value. Only a tiny fraction is used in jewelry and industry. I've also followed markets and what protects Bitcoins total destruction is the mining effort that has gone into it, which is it's store of value. Add to this the fact it is not controlled by governments, who are all corrupt to some degree, and you have something very useful, very enduring. I would not write off Bitcoin or crypto in general. It has survived nicely for almost a decade and is definitely the future. To me it's an insurance policy for when it does go to $100,000 and beyond. This is looking far more likely than the alternative.

Dylan

Upvotes from:

fissunixI'm in crypto, i love it, top highs & deep lows in less than a year. Yes, it's mostly speculative for now and yes it's an issue but you should have mentioned it's also a great new way to use money. I'm talking about use cases (no bank, pay for things, artist donations ...) and not just the investment angle. 

Nigel

Upvotes from:

You can still make so much money despite the current fall in bitcoin .For me,I knew the price will run up more, then bleed off and go lower than current lows... Then as it goes higher, Its more like a time pattern , so i am sure that bitcoin will rise, for now all we need to do is invest what we’re Hodling and make more profit, So we don’t feel the lost in fall of price when it happens again, i stumbled upon a commentof someone who helped in increasing of Portfolio of a lady from having *4BTC to 10BTC in two months

AOD

Upvotes from:

Fiat currency has never worked. Gold and silver have real value. While like me, you have lived a few years on this planet, you haven't experienced a major deflationary period and I doubt you were paying attention to inflation during the 70s. It was definitely excellent advice that you gave during the crypto euphoria stage, but markets go through cycles. Like gold and silver, crypto and the blockchain is here to stay. I would place my bets on those two assets any day over fiat. Of course, you do have to time your entries and exits just right to prosper..

Tyler

Upvotes from:

However the value of rationality is exaggerated in speculation. Speculation is about timing and unknown variables, and the advantages that rationality bring to the table are not that high. You may be a robot, but if you don't know the data, what good is it? Lucky irrational guys have become bitcoin millionaires just by stubbornly holding for many years. Extremely rational "contrarians" have not, because they tended to sell too early and buy back too late. The truth is that speculation is mostly about luck, and no trick is going to change this. Regarding precious metals, I think you can't really compare crypto to them. Crypto has, fortunately, other uses than catering to anarchists.

JOSHUA

Upvotes from:

I stopped buying into cryptos around about the value it is at now before the huge rise, except I did buy some EOS because it was obvious that would rise some. A big problem is all these hundreds of alt coins which are BS. We have pointless coins that are still worth lots. The problem is that most of the markets are manipulated. Maybe cryptos now as well. Gold and silver definitely are. Silver is less $ value than it was 100 years ago without inflation adjustment. That's nuts. There is hundreds of times the amount of paper silver compared to actual silver. As for money backing up the wealth of countries. It does to some extent but the amount of supposed asset value in $ or whatever other currency is way way beyond the actual real asset vale. Most of the assets that this debt covers are worthless derivatives and it's all debt because that's what all money is now.

WILLIAM

Upvotes from:

bitcoin is up 85% from a year ago and 1,200% from two years ago. Next summer it will be well north of where it is today because institutional money is starting to come in. Fiat is the scam backed by nothing but faith and trust in government-backed debt money systems. All of our banks are legally insolvent. Cryptocurrencies allow us to be our own bank and have total control over our money.. The value in blockchain is decentralized transactions and no corporation can privatize the principle of decentralization. BTC has the first mover advantage in decentralized transactions. It may not win out in the end but one like it will. In the mean time, it is the best mid-to-long term investment in existence at the moment.

nanotree

Upvotes from:

1. All fiat currency don't have any intrinsic value 
2. Cryptocurrencies solve the problem of boom and bust cycles and infinite inflation, which you don't seem to understand either 
3. Cryptos are in a small market. It's normal for them to be manipulated. 
4. Not all cryptos are valuable. There are scams everywhere. However, a virus doesn't mean that all computers are useless. 
5. All markets are down, not only crypto. 
6. Cryptos go up and down together because they're all tied to the first few currencies, primarily bitcoin, because exchanges primarily provide fiat gateways through these main currencies.
 7. The use case of cryptos is clear but you don't know it. Let me tell you what it's: It's separation of state and economy! 
8. Complaining about crypto problems? When the internet started in the 90s IT WAS USELESS. Do you really wanna compare what the internet was and what it's now? Seriously? Are you really making the case of "problems" in a new tech? 
9. This is not the first time the market crashes. It did in 2014. No one cares. Look at the "collapse" of 2014. 
10. Every investment is gambling. There's absolutely not a single investment in the world that's not gambling, because you don't know the outcome. If you know the outcome, it's not an investment. There's a bubble, that's a given. But calling it gambling is plain stupid. 
11. Buying a miner or the coin itself is a valid question, and you should do your math and know what's cheaper for you. If you live in countries where electricity is cheap, then it's cheap to use a miner than to buy the currency. The math decides, not doing things in a geeky way or not. If you wanna play the geek game, just use your graphics card and mine Monero or something.

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