Is he softening up or what? Not that I care... He's been soft for years. He's cracking now. But him calling for 100k is bearish.  At least he's saying zero after... so he can still be fully humiliated when it is 250k. |
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I hope there is one last push over $50k. But I would not be surprised if we reached the top for this cycle.
Of course this thought has also crossed my mind. But I feel like the fundamental landscape will make this hard. Demand for the asset would have to be dried up, and I have a hard time seeing that being the case right now. |
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When the bull began his run...
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Theymos can put it in the new forum software that's coming any time now.
It's just that there is so much going into the new release it's just going to take a little longer... you can't rush perfection! |
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Sure people talk about altcoins as a way to generate bitcoins, but it surely does not seem like a sound strategy, unless you happen to be some kind of insider who is manipulating the shit.. which sure some of the altcoiners/shitcoiners do get involved in attempting to generate BTC in that way because they either have some kind of inside that they believe they will try to exploit or they believe that they are connected to some kind of inside... surely not an invest on fundamentals thesis, even if sometimes framed that way.
Did you get in on the ground floor of Howeycoin? Spiffcoin is similar you must hit the buy button.  https://spiffcoin.net/With a name like that, it must be amazing, much wow ! It won't let you down.. for sure. |
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It always made me wonder why, when approaching a price and it's clear we are going to go over it why it doesn't just happen and why we have to have these pull-backs. I guess there's some manipulation psychology going on there.
The wall at $50k is about 500 BTC. There are a lot of sell orders going up to $50k as well. Real ones, not fake walls to move things one way or another. Edit: Just thinking back to the days of $2/BTC and how a 500 BTC wall would be a blip. I think I can honestly say I lived my life in such a way that I did all I could to stack sats from those days (aside from selling all of my BTC at $12). I treated bitcoin like it was worth $1k even when it was much less. And you became a legend. |
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Someone must have gotten to him. Or he has lost his mind. If he bought BTC thinking it would make a great stable "currency", then he is truly a fkn idiot.  I honestly think it has to do with Saifedean the most. And probably other "HFSP", carnivore, twitter parrots. But he and Saif are very similar personalities. Brilliant, hyper arrogant, very low agreeableness, with a dash of Mediterranean/ME fire. And Saif is extreme in his views in every way, and I think Taleb grew tired of his name being associated with someone he began to lose respect for. That, and he obviously does not really get BTC entirely. |
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Dude... that has the word "crypto" in it. Twice. It's gonna piss off JJG! crypto crypto crypto Cmon jay... gimme a batslap! (No homo, I promise...) Monero is what you thought you were buying when you bought bitcoin!  (I am ready for my batslap) |
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Dude... that has the word "crypto" in it. Twice. It's gonna piss off JJG! |
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Dynamic scaleble, fast speed and high privatency of this cryptocoin shows his quality, but whats about mass adoptation of using? Monero is still hard to use with wallets?
I cannot answer your question with a simple yes/no. Monero has become to big and important a crypto player to be viewed that simply. There is no doubt that the official wallet has a somewhat steeper learning curve than most wallets based on the bitcoin-qt design and it's descendants. And monero is a more complex cryptocurrency than most others with for example a view and spend key. But the official wallet can be set up quickly and synced to a remote note for speed, and if you can use a bitcoin wallet you can use this. If you want the most arcane Monero wallet feel then try the CLI. I still use it. And syncing a full node for Monero is generally a longish process and computationally more complex than Bitcoin. But on the desktop there are wonderful simple light wallets: https://featherwallet.org/ or https://mymonero.com/ - These are super easy to use. And on mobile devices: https://www.monerujo.io/ and https://cakewallet.com/And there are web wallets you can use as well... but I am not going to suggest those because key loggers are plentiful, as are scams. I will let you find those yourself. Overall Monero does not HAVE to be hard to use. As to your question about adoption? monero has pretty much cemented itself as THE currency of the dark net... for better and for worse. It has established itself as a MAJOR player among the transactional cryptocurrencies but it's price does not yet reflect this. |
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Without bitcoin there is no crypto, no digital currency and no use case of blockchain technology.
To be fair, I think a few use cases for blockchain technology exist - like cryptographically reliable timestamping of certain transactions. The shipment industry could be an example, or the stock market and the clearinghouses behind the curtains, where strict timing and prioritization of trades could be made transparent. The only important property is that you can't touch a past block without invalidating later ones. However, such an unwieldy, inefficient, slow thing as a non-permissioned, fully distributed blockchain, with PoW, ...well, then of course there would be no need. Except for bitcoin These use cases would also usually be acceptably served by a semi-trusted or federated model. Another one is healthcare data. All of major hospital systems, and possibly EMR makers like Epic could run nodes and keep a copy of the distributed database. There are not many use cases for a minimized trust distributed data model outside of the one... |
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Fuck that. No way would I give 21 BTC for a paltry million bucks. That's like buying wampum with gold.
Eh, locked and loaded a little bit more than that on Gemini. Ready to pull the trigger whenever. Probably Monday.  Well if you got enough gold to build a race track out of wampum??? And still have tons of gold left? Different game. |
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I'm probably late, but.. we did it !   I am slow. What does this mean...? Give it to me straight. It means that it is still early days. You need to pay 21 bitcoins for a million dollars. Fuck that. No way would I give 21 BTC for a paltry million bucks. That's like buying wampum with gold. |
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OK! Indulge me in a little thought experiment, if you would...
We like to talk about bitcoin in terms of gold. Perhaps as a percentage of the gold marketcap. If we are feeling frisky... equal to, or if high... multiples of.
But as long as we are isolating one single solitary asset for bitcoin to measure itself by, why do we pick gold? I say because we have tethered it to that concept in our minds even though it limits our perception, while having no real effect on BTC.
I was just thinking... How many houses are there in the world?
In 2012: 1,593,563,453.
If that is ALL we priced in BTC, they would have an average cost of BTC0.01317 .
Right now that's not even 700 dollars.
That was fun wasn't it? As far as thought experiments go. Hopefully your mind keeps going on that one a little...
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This all makes sense, as long there are no major Bitcoin ETFs.
When major and prominent Bitcoin ETFs become a thing, they will likely blow a hole in the typical halving/bull-bear cycles of Bitcoin, as price will rise suddenly and dramatically in a hockey stick fashion, and then the curve will flatten out. Which will completely obscure any past price discovery mechanism of bitcoin through a supply/demand model, as prices will likely be orders of magnitude higher than typical due to Wall Street's extreme margin fueled over-leveraging. Bitcoin mining hashrate will possibly lag for years and years behind this event as mega miners struggle to get new hardware online.
That's why it's so critical for today's Average Joe to get in before Bitcoin ETFs begin to rule the day. Once this event passes, all bets are off and God knows who will be controlling the price of bitcoin beyond that point.
But ETFs follow the price and do not dictate the price. The price will only go up because the fund manager is forced to "physically" acquire more of the underlying, as in, to actually get the bitcoins, either from OTC or from exchanges, or they have some sort of connection with the big custodial ones that service institutions (Gemini, Grayscale, Coinbase are some examples). It would also be a danger to the ETF fund manager / owner, to rehypothecate. They would need to show the BTC somehow, either through a regulated custodial entity, or if they self-custody, some sort of proof perhaps showing the address or the balance, or at least telling the world how many bitcoins they have. Sure, this might be the case in the beginning, but surely Dabs you are not so naive as to think it will stay that way for very long? As happened with the PMs not long after PM ETFs became a thing, there eventually will be relaxed rules around the underlying Bitcoin asset, eventually relaxed reserve rules and lack of audits/transparency, then re-hypothecation, phantom shares, over-leveraged naked shorting, etc., etc. And the SEC will turn a blind eye to all of it. It will all happen to Bitcoin too eventually, guaranteed. It's not a matter of if, only a matter of when. This thought has been rolling around in my head for a long time. I have always been relieved at the absence of an ETF. But whenever I think of it, I also realize there is something different about Bitcoin. It is a digital bearer asset. So people can take custody of it. And so can the firms. How does that change the dynamics of the equation? I mean, It does, doesn't it? |
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Can we keep climate change FUD (directed to Bitcoin - FUD) out of this thread, please?
 Also, along with the climate FUD if we could limit pictures of Roger Ver? K Thanks. |
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Tons of support just under 46.
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Huh. I am no expert on this... but damn. That makes XMR one of two things. Either being massively manipulated, or a candidate for a huge short squeeze, or both. There was a similar post circulating on the Bitcoin Cash subreddit. The case for a massive short on either of these coins is likely based on complete fantasy. The Bcash guys are blaming under-performance relative to Bitcoin on: a) massive shorting of BCH and b) rampant purchases of BTC with un-backed Tether. I want to be very clear that my post had NOTHING to do with blaming any underperformance on anything especially not Tether conspiracies. If that site is accurate Monero has an out of proportion amount of shorts, and that is very interesting. |
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OK... I gotta say something... Listening to a podcast and just heard the guest say: You are taking territory on the bitcoin blockchain like you are getting a piece of ultra scarce real estate. It's like buying Manhattan real estate in 1776. I have always felt like owning bitcoin was basically a land grab. So yeah... I love that part of the analogy. But here is where he is still thinking too small: New York is just the greatest city in what (30 years ago was) is the greatest country on Earth. And yeah, that sounds pretty awesome but it does NOT EVEN COME CLOSE to what Bitcoin is. That sort of opportunity came many times before the USA existed... You could buy parts of downtown Paris in the 15th century. Or London or Tokyo etc... But wait? You could not live in Paris from 1437 to today so what good would it do you? Well some, I guess. But by now your descendants would have snorted it up their noses. Same with 1776 and NYC. Lotta good owning that will do you in 2021. I mean I am all for the long time preference. But shit. I want my great-great grandchildren to be well off.. but I also want a house in Hawaii before *I* die too. Bitcoin is not limited to a single country. And it is not just a city in the making. It is THE new value NETWORK for the ENTIRE FUCKING GLOBE. It is buying real estate in ALL the big modern cities AND all the town squares in every little village, town, hamlet, and shire AT THE SAME TIME. This kind of change in human history has happened EXACTLY ZERO times. There is nothing to compare it to. And it is technology. So, it happens at the speed of light. Not only can you complete the purchase instantly... but the appreciation is going to happen at a pace the WORLD HAS NEVER SEEN BEFORE. ... and we are only at the very, very, VERY VERY beginning of it. I know there are many folks here... Some have thousands of Bitcoin, even tens of thousands. Some have hundreds... Some tens. And some still, are struggling to get to one whole corn. Guess what? It doesn't fucking matter. IF you are here. AND you own bitcoin... Speaking from outside the bounds of immediate time. YOU. ARE. ALREADY. RICH. AS. FUCK. Buying Manhattan land in 1776. Lol. Bush league. |
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