This is neither a wish nor a fact. It can't be a fact; it is an observation. Here's a prime example: BitPay Won’t Use Bitcoin Alternatives For Payment Systems Despite Scaling Issues https://www.cryptocoinsnews.com/bitpay-wont-use-bitcoin-alternatives-payment-systems-despite-scaling-issues/Nobody in their right mind is going to jump on board of these scam coins. 99.9% are utterly horrible. Only those led on by pure greed would jump on this bandwagon for real (e.g. early bagholders).
That said, UASF Segwit should move us forward towards more capacity and to secondary layer solution. THe price is bound to increase as soon as this get safely deployed. One day we may be looking back at this time, and call it the 'dark ages' of mining cartels.  Actually it is an assumption (and I hope an exaggeration). What I observe is that non-BTC volume has been growing relatively, and this suggests more people bypassing BTC entirely in this game - whatever anyone's opinion of them may be, including Bitpay's. As for UASF Segwit, I hope it goes swimmingly, but it frankly feels like something hatched by Che Guevara and that unnerves me. |
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This is bullshit. Nobody in their right fucking mind would attempt to use one of these scam coins. The only reason that people go in those is to gather more Bitcoin. Is that a fact or a wish? One might well argue that the only reason many go into Bitcoin is to gather more USD (or equivalent). If the market cap of alts surpasses that of Bitcoin, many will ask themselves: do I trade alts to make more bitcoin, or bitcoin to make more alts? Bitcoin's army is one composed of mercenaries, and allegiance to profit matters more than righteousness. |
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---mad----
Firstly, I'd calm down as aneurysms aren't fun. Secondly, most of the mods in my experience don't really moderate, but just respond to reported posts. This is why it is so inconsistent. Also, "off-topic" is banned no matter how insightful, but if it is "on-topic", murder is condoned, so to speak. (And yes, I know I'll be receiving a pm in my inbox pretty soon....) |
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i once own feathercoins.
and then i threw them away.... didnt even bother selling all of them for 12.50$ @ 2cents a pop
I still have this awesome gif saved from back then: https://imgur.com/a/2TENO |
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How low does Bitcoin need to go before Jihan BU stops signaling that shit?
Below $875 it ruins future plans and below $337 they'll mine at a loss, according to ARK Invest. |
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Imo it won't gain much more traction as it had.
BU's code if full of bugs and the devs seem to be far from being competent!
But to scare the market it was a really useful toy I have to admit.Some people really shit their pants and sold huge parts of their stack and now act extremely desperate to get in again.
SWIM sold a sizable portion around $1100, and SWIM doesn't feel desperate to get in again. Without an ETF, we have less impetus for up, and with the scaling fiasco, more impetus for down. If the trend of the past year and a half is broken, you can expect some real panic selling. |
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not really...most trades are bad, so if you trade a lot, you are bound to lose money.
in a bull market you might survive and even have some gains, but bear will finish the job, most likely.
how wall street calls daytraders gains: a loan.
Not so, as not all trades or traders are equal. If you are inexperienced and lack the aptitude, expect to suffer losses, but do not discount those who are masterful at their craft. |
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A compromise looks very likely Unless people start getting dropped, I doubt it. |
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The Yefi's Guide To Quoting:
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Totally irresponsible. These guys get lucky with risky trades and think they're untouchable, until they're wiped out. Shorting is a tool that needs to be used judiciously - analysing the charts, setting proper limits, and hedging yourself. Doubling down against a multi-year breakout is foolhardy as these things can really run away, as we see with DASH. |
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Except that Steem will have other layers of application soon, that will give value to Steem, so the inflation will be overtaken by the demand for the currency.
The price could go up or become stable at a certain level pretty soon.
Well, good luck to you. I'm not interested in Steem now though. |
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So all of this bullshit is just BU?? Really? Thats what is causing this move downward? Surely there must be something else going on!
Why would you need something else going on? It'll be a total shit storm if we get a hard fork. |
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I have trouble understanding who is still selling? The price is insanely low.
I'm selling now. I was selling yesterday. Was selling yesterday and this morning. Waiting now for bounce so I can sell more. Bitcoin is in the hands of a madman. Was gone doing shit while price was dipping down too so couldn't do anything
Hm, have you tried a stool softener?  |
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WoW $3100 profit  sell buy Yep, been a great trading day. Did you get in on the ZEC move too? Couldn't believe my luck with that dump  |
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BAababa wtf do you think this is? SHOOT TO KILL BOYS  The pivot of an 18-month trend? |
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Just sold to fiat more than 50% of my ETH, it was just too much already (and it could be hard to lose that kind of money for me). Sold at this last spike to 0.0416 and inmediately went into fiat. I think with BTC fork looming, the crypto markets could suffer temporarily, at least in terms of fiat. I'll set some low buys at the "long" trendline around $25-30, seems impossible right now but oh well, I still have a lot  Hey, well done, hope you made a packet. I'm holding onto my ETH for now, but I've been selling my BTC stack - something I haven't done for over 3 years. I see dark clouds gathering with this hard fork mess.  |
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Ah, I spoke to soon again, they went and pumped it anyway Pumps will always happen, but if you zoom out and view the whole chart, it's like shitting in the ocean. Only way is down on the long run. You don't need to teach grandma to suck eggs. I play the moves, I profit. I've been as bearish as could be on Steem for a long time. The inflation schedule was ridiculous, as was the lock-in FOMO pump. |
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It's definitely scary to do that right now, I had the option to pick up some more ETH early today when BTC was still above $1200 but decided for a more stable investment (basically turned it to fiat). It's called taking profits from Bitcoin too, this was another peak and I doubt we'll see it again in the next months.
I hope Bitcoin get it together eventually (honestly I don't know how for the reasons I mentioned many times in this thread). You used the word complacency and that's exactly what happened in Bitcoin lately. Today I've read that Google was the 21 search engine in history. The self fulfilling prophecy that Bitcoin is Myspace can become a reality if this trend continues.
It's not so scary for me. I bought previously around 0.02. This is a top-up so that I feel I've a reasonable insurance against ETH overtaking Bitcoin. I have tons of reserves for a dump, but it's difficult to know when it will come - these exponential trends can really run away. Now we've sailed past the ATH, I think even 0.1 could be on the table. |
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Well, had no option but to bet part of my stash on it. Maybe I've been too complacent over the threat to Bitcoin from BU.  |
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It'll be a total shitshow. The two warring factions will get coins on both chains, so they'll all start dumping on the chain they don't like while alts take over.
This. Bitcoin's dominance is already lower than it's ever been. With a hard fork, at least one alt is bound to surpass its mcap, which will be catastrophic.  |
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