Ah, I spoke to soon again, they went and pumped it anyway  |
|
|
|
So BU apparently had two remote crash vulnerabilities. It astounds me that some people are so eager to run this code. I guess when you're shelded from the economical consequences, it is easy to nonchalantly wave it off. |
|
|
|
Damn, I spoke to soon, lol. Looks like Steem will sink to a new ATL then. Btw, thanks for the links - that steemdown.com is a really useful site. |
|
|
|
|
The BU comedy gold just keeps on flowing. Thing is more holey than the DAO.
|
|
|
|
So my point is, one should be aware of fundamentals and sentiment. I think right now we are at a point where Bitcoin can't really justify itself any longer based on the arguments you hear. It might have worked 2 or 3 years ago, but right now it's becoming inexcusable. If this continues, a bear trend will start and we'll see sub 1k again, mark my words. I'm not even mentioning the real possibility of a hard fork happening. I do agree that Bitcoin greatest asset is becoming a settlement and decentralized database, but price is kinda secondary if the "currency" is not actually used for anything. That's why Ethereum makes a little more sense to many, it needs to be earned, used and consumed.
I'm a pragmatic person and I don't see the world in black and white. I think most debates have good arguments on either side, there's nothing 100% right or wrong.
You were also saying last year that Bitcoin's fundamentals didn't warrant a price over $500, yet here we are at over $1200 - never underestimate the hold of "dragon-sickness". As for Ethereum, it's done pretty amazing today and this week, with a lot of action on USD pairs, suggesting new money entering. I do think a test lower is needed, as the trajectory is overheating now imho. For the longer term, maybe it will dominate Bitcoin, but I'm certainly not about to bet my stash on it. |
|
|
|
The steem trade going -neg. A bad sign for user.
I see pump potential here. Founders Ned and Dan are choosing not to power down presently, so perhaps the time is ripening for some blockchain, social media hype-arooney. |
|
|
|
Not so funny now...the future is grim for Bitcoin if you ask me and they only have themselves to blame, nothing but petty disputes, greediness and denial about the deep problems it has. What is Bitcoin anyway right now? I mean honestly, what does it do? It's certainly not a day to day currency that once proposed. A store of value? a decentralized database? Ok I can give you that, but there's zero incentive to buy it other than hodling and speculate with it, this trick won't last forever.
Now I'm not calling the death of Bitcoin or anything, I'm sure it will be around for many years, but something's gotta give, plenty of business had moved away from it due to the toxic environment and altcoins started to take on Bitcoin marketcap little by little, just look at the graph of altcoin market compared to Bitcoin, it's bullish as hell.
And like it or not, Ethereum is the second one behind it, with a lot of projects actually using its blockchain (not different blockchains altogether).
Bitcoin is a system for storing and transferring value absent intermediaries. It can serve as a settlement layer for second-tier networks that would be better geared for petty day-to-day transactions. Hoarding and speculation are going to be the primary means of price appreciation for a long time to come - I'm not sure why there is an urgency to look elsewhere, at least for the next decade. The alt market has been growing at a faster pace than Bitcoin. It's also a fickle market though, where coins come and go, rise and fall. Perhaps reasons for investing in Bitcoin versus them is its better liquidity, lower volatility and staying power. Bitcoin was created in a time of crisis and low faith in institutions. A time that will return. |
|
|
|
Sheesh, I go for a snooze expecting a decision to be made by now, and they still haven't said bupkis?  |
|
|
|
Has anyone else actually vomited from a Bitcoin price drop? Who else here can say such a thing? Come on 1200s again please!!!!!!!!!!!
No, because we don't have a self-destructive gambling addiction. |
|
|
|
I've seen professionals say 30%, 50%, over 50%, and similar numbers. No one really knows.
The numbers are all over the place. Bitmex futures contract has also vacillated wildly. Looking at the current composition of the SEC, and that they've still not rejected it yet, I think the odds are at least 50% in its favour. |
|
|
|
Yefi what do you think about this Dash rally? It definitely came out of nowhere for me and some are saying it will go to $100 and above which to me is completely ridiculous. I don't really understand what's the appeal for Dash but I'm kicking myself for not seeing the signs and potential for the hype. I kind of get the masternodes lock a lot of Dash and all but I don't see what's so special I'm terms of tech that either Ethereum or even Litecoin or Doge can't do in terms of speed. Even Bitcoin if they manage to take these things seriously.
Anyway, do you think the pump is over or this is a good entry point? At least before the ETF decision unleash chaos hehe.
The huge short squeeze to 485 (lending rates went over 2% during the rally) and subsequent drop to 300 was toppish for me. I don't see how it can go higher, especially when, as you say, there's nothing particularly unique about it. I guess its appeal is that its unit of account is the second most expensive now, so noob investors can feel "rich". |
|
|
|
I'm still long from sub 0.01 and $7...as usual I wish I've bought more but we all know how it goes. I'm not selling anytime soon especially with the ETF decision looming. I think ETH is the place to be right now as I don't feel the ETF will go through. Either way, ETH will benefit. Yes the price will suffer in BTC terms if it's approved but in terms of fiat, all major altcoins will ultimately benefit.
If the ETF doesn't go through, the fiat pair will definitely suffer short term (when BTC dumps, altcoins don't react that quickly to keep their fiat value) but it will definitely be used as a hedge along with fiat and other major altcoins. And I may get a lot of hate, but if the ETF doesn't go through we could enter a very long downtrend for BTC, and the concept of "The Flippening" could become a reality as in my opinion Bitcoin doesn't have a lot in the horizon for the next months (inner fights, blocks full, China regulation).
You may not believe in ETH but there is a lot of stuff coming in the short term, especially Metropolis and POS hype, we all know what something similar did to Dash...I won't even mention the Ethereum Enterprise Alliance which to me is the greatest nod from fintech to cryptocurrency ever.
Well done on holding your position. I took my profits a while ago and got into the PASC and NEX pumps. There are whispers that the SEC will approve, but we'll see. If the ETF does get approved, Ethereum will probably dump, but BTC's rise should also push it over its USD ATH, which may spark buying, as a high-beta play on Bitcoin. If 0.015 can be taken out, then major resistance is going to be in the 0.02 - 0.024 range around last Devcon. If the ETF gets rejected, I see a correction in BTC, but not the end of the rally. Longer term, the scalibility is going to be an issue if it's not resolved, but I don't believe it will prevent higher highs in the immediate future. |
|
|
|
If @marcus_of_augustus is right the play is to buy bitcoin now. It takes time after approval for paperwork etc for COIN to be listed on BATS. I have seen estimates of about a month soonest after approval.
Sounds like the perfect conditions for a monster rally.  |
|
|
|
|
Encountering resistance around this area as expected. Probably due for a buyable dip, then we'll see where she's heading.
|
|
|
|
Looks like PASC hit a bottom at poloniex at 0.00012 and is only going up from here. Thoughts?
If DASH and ETH weren't attracting all the volume right now, I'd have thought a massive pump could be possible. As it is, it's a bit dodgy. |
|
|
|
I did help a friend buy some in 2014 at $600, who sold at just over $200 because he couldn't stomach the drop. Never again.
I considered recommending it in the $200s, but thought better of it. Most people will hold a hidden resentment against you if it drops, and their loss will become your burden. |
|
|
|
* yefi waves goodbye to Gox forever. Au revoir Mark!  |
|
|
|
 That's great, you should have one for Finex as well though.
|
|
|
|
[...] Sort of like an old gf that doesn't know if she likes you so see leaves but comes back after seeing you living the good life with someone else who is good and you are better off without them.  . Either it goes for it or it falls back. We'll know fairly soon what it intends to do. Any day above ground is a good day. Ha ha. I don't know about you all but being on a see saw ride like that makes me very upset when it can't make up it's mind if it wants to stay or go over $1200 and stay there. Better get use to it, because that's how the game plays on shorter time frames. We could still go down to $1100, and the weekly candles would be fine for $1220+. |
|
|
|
|
Show Posts
