Correct. Luckily though 'most' of the world's population doesn't have any money, relatively speaking. ...
you, sir, have an odd definition of "luck" Luckily (for bitcoin's adoption prospects) ... is the implicit definition from the context of the commentary. |
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If we compare it with a Smartphone it was invented in 1992, the first good Smartphone came on the market in 2005, with a number of users of 2%, 7 years later 54%, 11 years later 81%, today no one doubts that a Smartphone be a very useful gadget, Bitcoin will not take so long.
They didn't require you to take a financial risk after having a deep ponder over the nature of money itself. That's a stretch for most of the world's population. Correct. Luckily though 'most' of the world's population doesn't have any money, relatively speaking. In fact, less than 0.1% of humanity controls the vast majority of the wealth. For these people, pondering the nature of money and taking financial risks is what they are best at ... bitcoin adoption has never been about numbers of souls converted but numbers of dollars, euros, yen, francs, pounds converted. |
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... who are you that you go trawling through everybody else's business, IRS?? pretty sure I know this guy and he's probably forgotten about this stuff, bitcoin just isn't important to him anymore, he's got a lot going on ... just leave people the fuck alone sometimes would ya? |
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^socialists and statists are the worst not because they are detestable but since they are pitiful.
their hearts are generally in the right place but their heads are full of bad ideas, unfiltered emotions and misinformation ... somewhat like children and pets.
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Anyone have a chart comparing 2014 bear market difficulty to present day?
This guy has a nice color visual of it. He also makes a strong case that nothing matters but the halven'ing! Buy aqua - sell orange! https://mobile.twitter.com/100trillionUSDthis market right now feels a lot more like the the 2011/12 bear than the 2014/15 bear, more vicious, organic, dog-eat-dog and less managed/contrived/orchestrated/manipulated. In 2011/12 Bitcoinica and the shorting mania that unravelled spectacularly there might have something to do with it ... the news of miners shorting (hedging production forward) makes me think we are very near the final capitulation. This often happens in commodities markets at the bottom, the producers sell forward production even though they are going broke and it is killing their future market, it's an act of total desperation, that's what this feels like. Probably central banks (likely through their proxies like JPM and UBS) are starting to buy up some cheap coins, to hedge for future possibilities ya know too ... that gives it that extra vicious edge when nation state dogs fight over the same piece of kill meat too. |
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Cost of production plummeting ... no sign of bottoming anytime soon either  |
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Heightened sense of smell is the bane of my existence. Some colognes and perfumes give me an instant headache. Those so-called air fresheners are just fuckin killer for me - they are not fresh at all. My wife refrains from wearing perfumes and I love her for that.
if your sense of smell is as sensitive as you say you may be missing your calling ... so-called "noses" are paid very highly by perfume and food conglomerates as they are very rare people. https://en.wikipedia.org/wiki/Perfumer |
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If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.
I was just listening to him and no disrespect but anyone can get ahead of themselves. He called it himself, RSI as massively oversold. A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry. "Oversold" just means the trend is strong. Look at RSI against the bull trend last year. "Overbought" didn't mean anything. Price just kept pushing. The same can happen here. On the flip side, I'm noticing a lot of $1,000 and $1,500 calls. People are forecasting carnage worse than 2011. Bears are getting bold. This happens near long term bottoms. doublings and halvings (not halvenings) ... to drop from 20k to 4k btc has reduced to a fifth of it's former market value, people who are predicting 1k are the flip side short equivalent to the bulls predicting another 4x rise after a 5x rise in the mania of a bull run. Shorts are drunk with greed at this point, they feel bullet-proof, anything is possible ... sure why not another 4x of gains on top of 5x, makes sense, not. At best/worst, we get a manic, v. brief spike down to $2.5k, maybe 2k (unlikely) and then powerful rebound ... and the next rise begins. |
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Jihan Wu got smeagolded ... just like all the others who's egos let them think they were bigger than the Bitcoin ... the list is getting quite long ... notably Mark K. Gavin A. Mike H. Roger V. Jihan W. plus others too numerable to mention that have presented themselves as lab rats for the slaughter. Nakamoto was very wise/humble to realise he had created something bigger than themself and let it be ... noone is bigger than the coin, that is fundamental to how it works |
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sh!t is hitting the fan ... dogs 'n cats lying down together
parliaments and governments losing their minds, secret societies dobbing each other in public
power balances are shifting, the sun has gone quiet again, the long winter is back again .... gird your loins chaps
it's the best of times to be in, and getting back in, to bitcoin.
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Two years 5K stablecoin. Who needs Tether now?
.... bitcoin doesn't work like that. |
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Amazon makes move into "blockchain technology" https://aws.amazon.com/qldb/... it's basically just SQL db with a git-like journal/hash-chain indexing bolted on. Quite clever as it provides all the functionality of those trusted central party bockchain networks without all the distributed verification/storage costs. So a lot of totally unnecessary blockchain utility networks, ICO's, startups, etc have just been superceded, any that use central trusted parties, banks, insurance, health, etc. They have taken all the blockchain features that do not need distributed consensus model, i.e. tangential to bitcoin, and provide them as a configurable cloud service infrastructure back-end. |
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the best answer at this point is clearly "now is the best time to buy bitcoin!!"
Telling your family to buy a crashing asset class that will take years to turn around is not entirely in the Christmas spirit. But it's your call, man. ... it's just the ones sending messages gloating about how much bitcoin is crashing (the part you cut out of the quoted reply), all's fair in family, man. |
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Support will snap like a stale candy cane. Christmas will be a massacre.  We are already poor, so who cares. Yup, nothing to lose any more as we've lost everything already. Already receiving messages from my family members, "What's happening to your bitcoin thing? It's crashing daily!"... like I don't know that already. yep, they love rubbing it in cause they were envious and felt left behind on the rise .... the best answer at this point is clearly "now is the best time to buy bitcoin!!" |
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would be nice if anyone can give an update on the index
here's an update, the index got rekt |
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Yep...I went to their github...downloaded their wallet (which only runs on Linux). Far too many dependencies that I did not have to get the thing to compile. Figured I'd wait for someone to come out with one you don't have to compile on a Linux box.
Did Satoshi only run Bitcoin on Linux?
Interestingly enough, satoshi only released/coded the initial versions of bitcoin on windows systems .... it was only later when theymos (or was it martti malmi?) helped him port it to be able to release linux versions. In satoshi's forum comments it's clear he is enjoying learning/tinkering with a modern linux OS only later in 2009, early 2010. He was not obviously a linux guy ... who knows, maybe that was part of the ruse. |
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sooooooooooooooo ..............
who sold at the bottom?
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... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also
it'll be cathartic if we dive that low ... like a whale diving to get rid of all the parasites ... btc has sure built up it's fair share of those during this last run ... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere
.... i'm not saying I told yous so but it was always an option. just quietly, I'd be mobilising the full spectrum of assets if BTC starts sniffing 2500, expecting 50x-100x from those levels. |
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... it's gonna get bad, the lunatics are in charge of the asylum now.
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BAKKT exchange delays opening again ... i think this could become the new "China bans bitcoin again"
they'll milk these delays (blame it on regulators, lawyers, blawblawblaw) to drag out the bear/accumulation phase as long as possible .... until they start losing credibility for looking incompetent
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