[...]  Go fuck yourself, Jihan. WOW that's fucked up man, what a scammy way to pump your shitcoin... |
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 Google Trends for Bitcoin is the only indicator that is 100% accurate  |
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What if this whole thing since the last summer was a planned Gox v2.0? Bull running bitcoin to $20k and bear run it back to $1k after tether stuff blows up. Never say never guys.  Bitcoin will never touch $1k again. If this downtrend continues we will provably see $6k by the end of February and maybe even touch $3k by April or May, but that would be the most bearish case in my opinion. |
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Wow, this is huge. If it turns out to be a fraud, then the crypto's will CRASH. If Bitfinex just bought the whole market up with fake coins ... wow...
Tether is overrated, the marketcap of bitcoin is mostly non Tether based. Who knows, Tether may be an inside job to create FUD on bitcoin and make it dump, ironically by creating what they do with fiat (fractional reserve) but within the crypto ecosystem with a token. If it's just a simple scam, then the guys running Tether are going to get killed, it's not fun to lose a lot money for Bitcoin holders because of scammers. Karpeles lucked out, next time the next Karpeles will not. Ehh... Tether Inc is Bitfinex (or actually iFinex Inc). If they go down, the market will go down for sure. Also, many exchanges uses/depends on USDT to trade alts (Binance, Bittrex, Kraken, etc.) The sooner this scammers go to jail, the better for Bitcoin. |
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oh my god this is going to be ugly, here we go...  |
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 so, bitcoin cash is the original blockchain. interesting. Bitcoin cash is the original block chain?? I am fairly certain the information in that image is just wrong. Segwit activation did not cause a hardfork, it motivated it. This is just a draft of an internal report, which open for comments, and it seems they already fixed the obvious error: https://twitter.com/nerdgirlnv/status/957982195787771910 |
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Big arbitrage opportunities between Bitfinex and Coinbase/GDAX right now  |
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I came here to see what in the hell was this new merit thing, to find that there is already a +50 pages thread about it  hilarious... Why you people care so much about "ranking"? AFAIK it's only useful for scamming noobs. (I'm genuinely asking) |
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[...]
Serious question. I'm trying to understand the delusions and fallacies associated with the altcoin market. So far I'm still not getting it.
Or if you just consider it a "buy" because you think it's going to get pumped one day, then just say so. Penny stocks see their day in the sun sometimes too.
Most altcoins are just pump-and-dump schemes. But there are a few ones that are really trying to do novel things: see for instance Zcash and Monero (anonymous transactions), or Cardano and Ethereum (Turing complete smart contracts and PoS). Bitcoin is not trying to do those things, and I personally believe that's great (Unix philosophy), but there is no reason why others shouldn't try to develop solutions for a different set of problems. My last Bitcoin transaction cost me a bit less than 2 USD (at that time) and took more than 7 hours for the first confirm. It was not as bad as those "$25 dollars txs" that so many people were complaining about, but it was not that good either... In contrast, Litecoin transactions cost a few cents and you get the first confirm in a couple of minutes. This is not to say that Litecoin is a better long term investment than Bitcoin, but if one had to pay for anything during a mempool crisis, Litecoin would be a better choice economically and practically speaking. So maybe part of the LTC rally we saw last year was simply due to this. I believe once SegWit and LN finally get implemented and deployed everywhere, things will improve and maybe even be like in the "old" days for a few years at least. Not everyone shares this optimistic vision, but even if you do, you have to understand that if Bitcoin is extremely successful (i.e. massive global adoption) then tx volume will keep growing indefinitely, and of course fees will follow, meaning that on-chain txs won't be super common for ordinary people. We may see then a zoo of altcoins (in the same way today we have a zoo of gift cards, credit cards and state currencies) being used for different purposes and being traded using cross-chain atomic swaps. |
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Here is a prediction: Bitcoin is going to crash in about one hour, hodl on to your butts!
Disclaimer: I reserves the right to make (at least) a thousand more "Bitcoin is going to crash" predictions in the near future.
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the potential and oportunity of the real Bitcoin (Cash).
lol is this a joke or actual shilling?  There exist only one Bitcoin, this is, the one with the longest chain (and there is a really good reason for this). Bitcoin Cash, and any other "fork", is just an attempt to double-spend by social engineering, exploiting the total lack of acquaintance with Bitcoin and distributed consensus protocols in general, something which is unfortunately very common nowadays within the cryptocurrency market. I am sorry you didn't like the decisions of the vast majority of the miners, developers and users. Those who don't agree with the majority are always welcome to start a new altcoin with a new blockchain (or whatever else you wanna use). Trying to mislead people with bullshit propaganda masquerading your scam as "the real Bitcoin" or "Satoshi's vision" is not only pathetic, but also immoral. |
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 I wonder what explains the difference between these two trends during the last couple of months. uhhhh nineteen THOUSAND fucking dollars? No, actually what I meant was the difference between the trends for the terms "bitcoin" and "cryptocurrency": as you can see in the last month "bitcoin" almost halved, but "cryptocurrency" recovered the same level of searches after a dip. It seems that the interest in altcoins is now less tied to Bitcoin, yet in the market prices still follow Bitcoin. |
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I wonder what explains the difference between these two trends during the last couple of months. |
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LOL. I've seen this panic sell so many times. Thanks for the cheap coins! Appreciated as always.
Mining is extremely profitable right now, so I wouldn't call this price "cheap". |
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Oh well, maybe I was right after all... Bitcoin is so unpredictable though: maybe next month we will be ATHing again. Time will tell. |
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Quick calculation:
In a few years, assume BTC price rises by a factor of 1000 and total bitcoins = 10M
BTC Market Cap = 10M BTC @ $20 x 1000 = $200B (not a huge %age of the world's current currency)
Power = 5MW x 1000 = 5GW
So, market cap of $200B = 5 Nuclear power stations (@ 1GW each)
I might be out by factors of 2, but not factors of 10.
Where is this calculation wrong?
It's amazing how accurate this estimation was. This thread is fascinating in retrospective. |
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Well... we are just one week away from "mid to late January" and the Bitcoin market looks pretty stable, so maybe I was wrong and Bitcoin is not going to crash  what do you think? The crash already happend, down from $20k to $11k. This is THE bear market. World-wide sentiment is still very bullish so i believe this bear market will be short lived. LOL this is the most bullish bear market ever In all seriousness, we are still above the long trend, so no, I wouldn't call this a bear market... only those who bought at ATH during December may feel a bit anxious right now, but for the rest, BTC was still a good investment and they are probably happy with it.
What happens in autumn 2018?
My guesstimate on when the LN might be ready enough to be utilised in commercial role. Segwit would need to be adopted on the first half as well by the big services. I don't expect to see any company adopting LN until mid 2019. And SegWit still have to be integrated in Bitcoin-qt |
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...
I think if something important as that can come out it for sure will be integrated, and i think exchanges who will integrate it first will profit and all the users will switch. I think if the LN is available it won't be that hard for the exchanges to create ln wallet for fast storage and transactions.
Why would average exchange give a damn about LN? Trades are done off-chain, large portion of bitcoin "users" don't even own wallets (buy for fiat on exchange and keep it there), to deposit - user still has to pay miner fee to open channel (so makes no sense), withdrawal fees can be passed onto users (to discourage them for withdrawing). I don't see any immediate incentive for exchanges to implement LN. They would likely be the last to jump on it, unless there's a massive demand from users, but average traders would hardly benefit from it, if at all (with an exception of arbitrage traders). Yeah, it's not really on their interest right now. Maybe it's time to open new exchanges that uses LN and are more transparent with their finances, I'm sure that would attract a lot of users |
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For the record:  |
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Maybe, but I personally was expecting a price closer to $12k by this time of the month. It seems like $15k have for some reason a BTC magnet. |
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