they're making a number of faulty assumptions. Of course they are, this is the start of the real attack against bitcoin, they are not going to be honest about a thing either publicly or even to themselves for that matter. This would be huge for bitcoin if it actually took place. Nothing like breaking down the conceptual barriers for people so they can more easily understand just how their fiat stacks up against a finite currency on a similar platform. Basically they are cementing Bitcoin's role as gold 2.0 |
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I do not subscribe to the idea that news can change the outcome of a bear market of this magnitude. Floors cannot be made and sentiment cannot be forced.
Please correct me if I am incorrectly interpreting you here, but it seems as if you are saying that 120(ish) is an inevitability and 60 a distinct possibility. If so, that is quite a bold statement. |
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I cringe everytime I see that guy's name mentioned. Nothing like building your brand name around a fallacy. |
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now this is pretty funny: ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride. Expect an over-reaction from the National Socialists. An over-reaction would expose a lot. There is a good chunk of the population who believe Snowden is a hero, and strongly disagree with the terrorist/criminal label the state has placed on him. An overreaction would expose this difference very clearly, which just might lead to more active support for Snowden in reaction to government actions. There has not been any true grass roots push back against the state in the US in some time. Being fed up with the emerging surveillance / police state is something that cuts across the political spectrum. Agreed. Additionally, I would say this is probably the most brilliant thing an artist has done since Banksy first came on the scene. |
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Wary, are you using a linear or log chart with straight lines? According to my log chart, we already broke the down trend.  clear your lines and look again  |
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Well we already passed on in linear... Passing it on log would be huge if it happened.
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returning to the previous pump(300)? or just the usual little mini pump of the weekend?
who know, but as long as the 200 barrier hold, i'm fine with the current situation, steady grow is always welcome
regarding the title i am referring to the larger bearish picture for 1+ years. Seeing signs that this last final wetbeardream push down to double digits may not actually take place. |
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Looks like we are now breaking out of the second channel upwards on volume. Closing now above the channel would be in the short term quite bullish.  |
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Could become a spectacular weekend dump, right?
somehow i doubt it. everyone seems to be bearish but nothing has been happening for quite awhile. Over easter weekend it is pretty unlikely for the sideways trend to change. |
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 starting to push upper end of the channel. might break out today. |
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when you called multi-year long bear market... I didn't believe it. this prediction: I also don't believe it. will I ever learn? we will see. Well we have been getting a huge amount of good news lately, so hey maybe Luc is right. |
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Bitcoin is like Saturn god eating his children.
got it.. crystal clear.  I'm not so clear, does that mean we go up or down? Better get our asses to Pluto to avoid being eaten. (but in all seriousness, I very much agree with you Luc - I have had the same thought for a long time now.) |
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I can do that too.  |
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So, basically what you're saying is that there wasn't enough bearish coin holders flushed out yet and/or the bulls don't think any more pumps at this current stage will do any good?
As long as you research other's coins and thoughts you stay poor. I am sure there is some seriously wise info locked in that quote but for the life of me I can't figure what it is. Russian thinker Kuzma Prutkov said - It is impossible to comprehend the immensity  So when you try - you put your time, your money and your energy into black hole. And stay poor whatever you do. Invalid point of applied forces - find another Thank god there are people like Pruden around, lol. |
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So, basically what you're saying is that there wasn't enough bearish coin holders flushed out yet and/or the bulls don't think any more pumps at this current stage will do any good?
As long as you research other's coins and thoughts you stay poor. I am sure there is some seriously wise info locked in that quote but for the life of me I can't figure what it is. |
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nice, what page was that?
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Here is a thought for those who think the bitcoin blockchain should be used for all kinds of notary stuff.
To guarantee the timestamp and the integrity of documents, only a single miner would be needed, which in that case would not need to expend energy, just create the blocks in a timely manner. Why is this enough? Because the whole chain is known at all times, and to cheat, the miner has to unwind the chain down to the document he wants to tamper with, and recreate the rest of the chain. This will then be obvious to all.
not sure what you're trying to get at but that would be totally unworkable. that sole miner would have 100% of the consensus which would allow unfettered rewriting of the entire BC if he so wished. the community has to prevent any such tampering and the only way to do that is to distribute the ledger across space and across many different miners to enforce against that type of cheating. indeed. not to mention being incredibly vulnerable to DDOS/ hacking, etc. |
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Wences is a smart guy. This is basically clickbait for the schadenfreude crowd. Then they read it and it makes them think about what money is and what bitcoin's role is. |
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