It already exists. It allows you to spend crypto (i.e. have Coinbase under the hood convert it to fiat) in places where Visa is accepted as payment form, and even do cash ATM withdrawals. It's however UK only at this point in time.

https://www.coinbase.com/card
https://support.coinbase.com/customer/portal/articles/2969910-coinbase-card-faq

No. I see a lot of scams that Binance is allowing to rape its users on its own platform, lol.

Thus far the only potentially interesting IEO that I have seen is BTT (BitTorrent) because of it's mass appeal. It will perform either extremely bad or extremely well. The rest isn't even worth looking at. I'm certain that the people behind these projects will end up dumping the remainder of the tokens on the market when they feel that it's time to exit.

IEO's are pump and dump schemes for the native tokens exchanges printed out of nothing.

I get your point, but slow rolling as you call it, may result in another whale to tank the price down, and then what? You missed out big time. It's literally eat or get eaten here, especially with how the price wasn't able to hold up much longer around the $8000 level. The slippage as result of thin orderbooks is quite insane in crypto, so it's not that uncommon that whales will use an inflated price to cash out.

Currently we're yet again attempting to break through the same resistance, so it's going to be interesting to see if we will again face a massive dump.

What did you smoke?

Trading volumes in crypto have never been a trillion. A few days ago CMC reported $100 billion in 24H trading volume (Bitcoin and altcoins), but an easy 95% of that consists of wash trading (i.e. fake volume) done by exchanges to rank up on sites such as CMC. This is also one of the reasons regulators aren't keen on handing over approvals for ETF's and other Bitcoin backed instruments.

People celebrate that exchanges are generating as much volume as during the 2017 peak, but they don't take into consideration that the 2017 peak was reached with mostly legit volume, while the volumes of today are faker than China's knockoff iPhones.

That can be done through physical means, such as paper wallets, coins, cards, etc.

Physical Bitcoins have continuously been used as cash throughout the years, and while it's still a niche sort of economy that consists of collectors and whatnot, it actually shows that it can work as cash. It's super anonymous since nothing moves on-chain, and for that reason you have the fungibility that Bitcoin currently lacks.

The only thing that needs to happen is to have these physical means be secure enough to actually be used by the average person.

It really looked like it would be a slow ride up, so don't blame yourself for following the market as it was. No one could have predicted this to happen.

It could happen, but if you have been following live trading, there is a lot of small scale profit taking happening already, and that for weeks straight now. Instead of selling big, traders/investors seem to sell smaller fractions of their stack in order to not miss out on more gains. If you sold the $5000 pump in April thinking it would tank hard you're not happy now.  

Small scale profit taking means profit taking at $5000>$6000>$7000>$8000 which bumps your average profit the higher the price goes up.

If you bought like 5000BTC below $4000, how much of a moron are you if you can sell each coin for an average price of $6800?

Most of the people people would laugh in your face if you told them that the price would go over $6000 this soon. Morons are those who sell their coins below the price they bought them at. Making millions in profits in a fairly short period of time makes you a trader I would respect a lot. No hodl bs, just straight rational thinking and thus profit taking. 

Bitcoin's main-chain currently is beyond the stage where it's worthwhile using it for $1-$2 payments, and with how the crypto market as a whole seems to bubble up, the situation isn't going to improve at all. Another thing that I noticed is that speculators seem to randomly pick a super high fee while they don't have to do that at all. This inflates the fees unnecessarily, but hey, what can you do about it? It's a free fee market.

I'm perfectly keen using Lightning for smaller transactions, which I have been doing quite intensively already the past few months. It felt kinda weird after a whole week of not sending a single main-chain transaction to wait for a confirmation again, because once you go Lightning, which is a Ferrari, you don't want to go back to your old rusty bike with a flat tire again.

He probably still owns a shit ton of BCH, so if he ends up running out of fiat, what do you think he will dump the first? 

So true. There was a BSV shill on social media who told someone why he's in BSV if he's against Craig and Calvin, lol. This once again confirms that the coin they are "supporting" is entirely irrelevant, they just follow their leaders. I thought the XRP (bot) army was bad, but these BSV shills took being delusional to a whole new level.

I'm rather exposed to the volatility of Bitcoin than to hold stablecoins that could become worthless overnight.

If mixers end up allowing people to 'clean' their coins, it might be reason for regulators to go after the bank accounts of the exchanges, because that's the easiest way to combat them. Playing with stablecoins like that makes you a money transmitter. On top of that, it would require mixers to buy a shit ton of stablecoins for their reserves and pay in Bitcoin, which is an investment they probably don't want and shouldn't make at all.

Don't see any advantages here.

Central banks will only realize that Bitcoin can and does function as money when they have no other option than to hop on board, which in the end, the ECB doesn't seem to mind because they can print money like water and still buy up enough Bitcoin to remain relevant.

https://twitter.com/ecb/status/1105494215381913601

Bitcoin is indeed rat poison, poison that helps us get rid of rats like central banks with their toxic monetary policies.

Knowing the difference between Bitcoin and altcoins doesn't require much effort at all. Heck, even most altcoiners quickly figure out the immense gap between what's trash and sound money. Not one single altcoin ever came even remotely close to Bitcoin and probably never will. It's just common sense.

The people you refer to who don't know anything are mostly Indians being here just to milk this forum by posting crap left and right. OP doesn't seem to fit in that category.

May I know what wallet client did you use to send that transaction? In most cases if a transaction doesn't reach the address you sent it to, the fee is so low that nodes just ignore it (which should result in the funds to be available again rather quickly), or that your own or the receiver's client hasn't fully synchronized yet.

RBF is an amazing feature, and possibly one of the best ones so far added to the more trustworthy clients. It helps so many people save a lot of time by simply bumping the fee instead of having to wait a few days in some cases, or in the worst case scenario use a paid accelerator service that charges you a payment through credit card.

Broadcasting transactions can be done here; https://blockstream.info/tx/push

Speed is taken care of as well. Lightning payments are instant. In fact, it's so fast, that the transaction in most cases confirms before the UI a second later displays that the transaction is confirmed. If that isn't a speedy payment then I don't know what is. 

OP has no clue about what differentiates Bitcoin from the rest, which does surprise me considering his registration date (December 2013) on this forum. Wouldn't surprise me if he keeps buying and selling at the wrong time therefore considers it to be a pile of shit without fundamentals.

As counter indicator perhaps. No one buys X coin because a bunch of noobs there are hyped up about it.

The price kept going up till CNBC started reporting about Bitcoin and they even brought back their BTC/USD ticker. CNBC hosts are the perfect reflection of how average joes think, so based on that it doesn't surprise me that they are wrong 9 out of 10 times with their timing. All their past altcoin bets were wrong as well.

---

It's always price action -> surge in searches. It doesn't happen only when the price goes up. When there has been a massive decline in the price people search why Bitcoin is going down, whether or not it's dead, etc. This doesn't means anything on its own. I'm sure that most of these people don't end up buying or selling at all.

I prefer to call it a free market trade. If a whale wants to dump 5000BTC at once, then so be it. No one cares about a "fat finger" when the price goes up, but oh boy, when it goes down hell breaks loose. People need to stop being so sensitive to things that happen here. If this market isn't for you, then go elsewhere.

Stock markets have certain triggers in place that halt trading when the price tanks 10% in x period of time, which I think is a matter of time before it becomes an obligatory feature for exchanges. Not sure what I think about it would exchanges implement this tomorrow, but at least it would add more comfort to those coming from the legacy space.

No. Regardless of how compliant an exchange is. Not your keys not your coins.

MtGox has never been a reliable exchange. It suffered from bugs, had a very slow trading engine, the payment options they worked with were shady too, and they charged like 0.5% in trading fees, which was the main reason I didn't use it back then. Most people used it because they knew someone that also used it, or purely based on the SEO that made them pop up at first when you typed buy Bitcoin.


They have sold insane amounts of coins to cover their debt, but I'm not sure if any of this has been distributed to the victims yet. If not, then later on for sure. Only a matter of time.

Of course they praise stablecoins, because they *supposedly* are backed by fiat sitting in bank accounts that governments can exercise control over.

Another thing is that governments know that competing with Bitcoin as decentralized protocol isn't possible, but they can easily compete with stablecoins because they are already centralized by nature, and they can be stopped at any time of the day by seizing the fiat that's backing them. It's an easy ride for governments where Bitcoin only causes them to stress out. 

All these central banksters are so predictable, yawn.

https://bitcoinist.com/mt-gox-coins-wont-move-until-2020-as-payout-delayed-6-months/

I wish these coins would actually get dumped, because that would mean this gox shit is finally over and we can move on, but unfortunately, it's not happening (yet). The short term negative effect it would have as a result is well worth it knowing that we have seen a large holder sold itself out of the market.

The current dumps are just large pockets unloading some of their bags after facing too much resistance above $8000, which makes sense from a short term trader/investor's perspective. It's not manipulation or anything, just the lack of liquidity and longs being squeezed exaggerating the effect of the dump.

Ebay indeed rejected the rumors, but that's a good thing in my opinion. We should be working towards marketplaces disrupting censorship enabling platforms such as Ebay.

It looks like Ebay advertised on Consensus just for the sake of generating easy and very cheap global exposure. Ebay potentially accepting crypto has been all over the news even locally, so if that was indeed their main incentive, then it worked out well. It's called smart marketing.