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WATERCOOLER
#388

Hi Terri!

The issue you raise is one of the reasons Bitcoin is failing at the mission to be a “store of value”. The price fluctuations make it difficult (some would say impossible) to fulfill this role.

In your example you would have to deposit more Bitcoin in the escrow account. If the price went up, the excess Bitcoin would be returned to you at closing.

If Bitcoin ever develops to the point where it is used in this way, the procedure will probably be to require a larger escrow deposit to accommodate market fluctuations. Again, any excess would be returned at closing.

I think this is pretty unlikely. The most likely positive development that Bitcoin can hope for these days is that people use it more like a bank account and cash out coins when they want to buy something. The actual use in day-to-day transactions requires a much more stable price than the market can realistically achieve.

Make sense?

Mark

2 Likes
#389

That makes sense thanks Mark

#390

Hello again Mark, Sorry to be a bug. I had another thought, isn’t this where smart contracts would come into play. Giving the price of the house firm and unchangeable?

#391

HI…My Name is Sriram Srinivasan . Iam from India…basically from chennai which is southern part of India. Iam a SAP Consultant by profession and my hobby is Music. I started learning about crypto currency 2 months before and i would like to know more about cryptocurrency…hence i have joined this group. I used to watch IVAN videos on you tube…He is really good at cryptos…I wish all the best to IVAN.

1 Like
#392

HI…please visit India as well…

#393

welcome jesse…what is your opinion on the Block chain technology?

#394

Sure, if the seller agrees to denominate the transaction in Bitcoin.

Smart contracts do have the potential to change real estate closings in a big way (and blockchain can eliminate title insurance), but the question of value still remains.

Until and unless everyone begins thinking about asset prices in Bitcoin instead of Dollars, the problems with value fluctuation remain.

Oh, and you’re not a bug. Or a pest.

#395

Yes, Ivan has a very well deserved reputation for knowing his stuff.

Being in the computer field gives you a leg up on learning cyrptocurrencies and blockchain. As soon as you get past the basics on any aspect of this it seems to me that you get into coding issues. Look at the number of sites that try to explain something that show code.

Sadly, that does not help someone like me at all.

What cryptocurrencies interest you?

#396

Rob,

I think the blockchain / cryptocurrency sector is in dire need of a “realistic outlook” that puts value on great ideas rather than price movement.

Let’s be the change we want to see in the world!

#397

Hej everyone, I’m omar from Gothenburg,Sweden, I’m an electrical engineer, and I’m extremely interested in crypto, and also very excited to be part of this wonderful community.
These are just starting time, beautiful crypto days are coming :smile:

1 Like
#399

Hi Ivan, my name is Catalin and I live in Seattle area…I was working for Microsoft for many years as a QA engineer. (not really new to technology, but a bit rusty)…recently, about a year ago, the crypto space caught my attention…it is amazing to see how this is exploding. Amazing things along with shady ones are popping-up…An incredibly fast evolution.
I have watched your videos and I am impressed…you got something that it is hard to find…you know how to explain things…this is rare trust me. Keep it up!

2 Likes
#400

HI guys,

I’m 31 year old from Vancouver, Canada and new to programming <1 year. My goal is to take a sabbatical with the intention of landing a job as a junior programmer. I’m following the learning path outlined in this post: https://tinyurl.com/y8f5bvop and watching every Ivan on tech, boxmining & Andreas Antonopoulos videos I can get my eyes on!

Looking forward to connecting and learning more!

1 Like
#401

Hi there,
I’ve been reading and watching about Cryptos for the past six weeks. I only started investing 5 weeks ago and as you all know it was probably not amazing outcome due to the crypto blood bath. But I still have faith and will keep learning and will hodl all my investments. Have not yet invested in an ICO. Potentially investing in the next couple of days.
Unlike most of the crypto Youtubers, Ivan is an actual techie so that is refreshing. Right now my portfolio is quite down and I look forward for it to get better.

2 Likes
#403

Hi Everyone

This is Jerry from South Africa. I am still quite new to the crypto space. I came across this Cyrpto Pub in one of Ivan’s youtube videos. Very excited to share and learn everything about crypto :wink:

Jerry

1 Like
#404

Welcome Marcin. This is sriram here.

#405

welcome Jerry. This is sriram here. If you have any queries on crypto . u can ask me.

#406

Welcome onboard Richa…incase of any queries in Crypto . u Can ask me.

#407

Hi Omar…welcome onboard. incase of any queries on crypto . i can help you.

#408

dont feel ashamed . welcome onboard.

#409

I am glad to hear that you have good spirits regarding your holdings being down right now. We are still very early in this technology and it has a long way to go. Prices move in waves and they will keep on moving in waves. As long as you are investing with a small amount of your total portfolio and if you have some new money to invest you could dollar cost average so be ready buy the dips. but only after you have completed your research on the project that you want to put your hard earned capital in.

In a few months time you will be glad that you got in when you did.

1 Like