I had a nightmare about bitcoin in January, i should've listened to my subconscious.
Bitfinex just fabricates support walls out of thin air with money that doesn't exist, so I'm waiting for Bitstamp and Gdax support to die and wear themselves out before calling in the tactical strikes. Then the Bitfinex emperor with no clothes will be exposed for all to see. |
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4.5K-ish is the same thing my friend also kept repeating for weeks-months he said one last real frightening shake out, and then start building up again  I don't want anyone to sell because I want people to have coins to dump on the kikes if they try to pump it, but $4.5k is not an actual "frightening shakeout". Most people would still be sitting on enormous profit positions at that level. Almost everyone in this thread still has coins they bought at $200-400, $1000 worst case. An actual frightening shakeout would be like $1k or lower. If you think it requires a "frightening shakeout" to make the price go up, then you're in deep shit because $4.5k ain't it. |
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Micgoossens prison tattoos making price decrease again.
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gonna make some t-shirts as well .... little personal BTC related gear and not the already usual shit with BTC logo that everybody got....
How about something like this:  |
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I could probably just about mentally cope with a drop to 3k as long as that was the absolute bottom. If we drop to depths of 1k or similar I’m going to feel physically sick.
Everything from $200 to $20,000 was early on a single entity on Huobi and then later a single entity on Bitfinex rigging price by fraud. I'm not sure if they're the same entity or were two different ones, but the fact is, not even those two entities (unless they're both the same persona) know where the price should really go to once all the fraud and artificial market rigging is removed. No matter where it goes, I personally hope nobody sells just so all the shoeshine boys have lots of coins to dump on the kikes that try to pump it by fraud next, whether the bottom is $4k's, $3k, $1k, or $2. As for what the market actually looks like to me, it looks like the GATA archives where the ESF admits to creating volatility (pump and dumps) in the metals market on purpose in order to try and make it look like less of a stable store of value to try and make the dollar look better. The govt itself (or Jewish banker occupied govt rather in the form of entities like the BIS/ESF), is the real actor behind many pump and dumps. They try to make all other markets look like sine waves to try and pretend the dollar is some type of stable instrument. Bitcoin can never actually be stable though due to things like halvings. It's designed from the ground up to be a pump and dump and not function in a stable manner, so there's that too. |
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You got to love the HairyMcLarry delusion where he thinks it's possible for bitcoin to be pump and dumped from $3k to $300k in one swoop. Even when the market cap was MUCH SMALLER, it was only possible to do a +10x and make moves like $100 to $1000 (and even moves like those require enormous MtGox or Bitfinex fraud). Now he thinks you can do a +100x when it already has a gigantic market cap that's even higher than some of the biggest companies on earth? lol.
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@roach:
Thanks - the only non-NPC comment so far.
So basically Bitcoin in your opinion has been irremediably corrupted after the introduction of LN, right? what's in your opinion the closest things we have to a sound decentralized cryptocurrency at present time?
Well, Lightning doesn't really have anything to do with bitcoin. It's a permissioned ledger, Rube Goldberg machine built off the payment channel feature set of segwit. The only real main use case of things like payment channels is for exchanges or financial institutions to do arb on the backend, or for branch banking-like entities to have all their transactions on an intranet instead of paying for them on-chain. So, payment channels actually do have benefit...but only for entities like Coinbase or Goldman Sachs to save a few bucks by broadcasting their banking consortium transactions on an intranet. As for bitcoin itself and every other cryptocurrency ever created, transaction validators are always designed to centralize through compound interest, economy of scale, the bell curve's effect on ASIC design, foundry capital startup costs, asymmetric global energy costs, the list goes on forever. It's 100% impossible to create a decentralized digital currency because transaction validators always centralize. The only possible way to do so would be unprofitable PoW just like email PoW where every user processes their own transactions. In that manner, transaction validators are infinite, but unprofitable PoW is unworkable in practice and requires artificial convergence, so you're back to square one of a decentralized digital currency being impossible. This is why I endorse physical silver and gold instead. 99% of people you will read on this message board are liars and scammers trying to profit on imaginary, valueless token pump and dumps. Many of them know everything I said above is 100% true, but they don't care because their only goal is to try and profit or rip people off. There's no reason to ally with the scammers even if your only goal is profit when the potential upside on physical silver is probably higher than bitcoin anyway at this point. |
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I explained why Lighting is a centralized, permissioned ledger scam years ago that's identical to the current banking system in practice: LN is an unworkable train wreck without putting all channel closings in the same common permissioned queue (meaning completely centralized). The fact these systems are built around a finite block size means humans can easily attack that bottleneck by flooding it with channel closings. Since it can be flooded, you're required to buffer them and either discard low payers or put them at the back of the line just like regular bitcoin mempool.
From that point, you either have to design as a hub and spoke model just like what Mike Hearn claimed, where the Lightning node is a bitcoin bank and everyone who uses it is their peon slaves to extract usury upon, or every lightning node broadcasts a shared queue with each other. But due to the fact that people can try to flood the queue as mentioned earlier, each lightning node will have their own criteria for what is or isn't spam, or who is and isn't a terrorist that they will broadcast to other nodes (meaningly INSANELY PERMISSIONED, cartel coordinated, and usury based). The nodes might also be incentivized NOT to broadcast and force a hub and spoke model for their own gain.
If a Lightning node constantly broadcasts flood bullshit to everyone, they will likely be blacklisted by other Lightning nodes (lightning banks, whatever you want to call them), so the entire system is based around things like trusted and untrusted members, subjective anti-spam filters, etc. In other words, for Lightning to work at all, it would probably be the most permissioned centralized piece of garbage ever to exist. No real difference from having an account at Bank of America, and ironcially, the govt will likely legislate who is and isn't allowed to run these Lightning nodes, meaning Bank of America or Goldman Sachs will run them.
At least this is my understanding of the problems one has to overcome to create such system. The fact bitcoin is not decentralized and it's impossible to create a decentralized digital currency in the first place, also means anyone claiming Lightning is going to be "decentralized" is a complete idiot when it's built on top of bitcoin.
Do you actually know what LN is? I'll tell you what it is. LN is nothing more than establishing bitcoin banks on top of the blockchain. All of the exact same regulation traditional banks have will be applied to them and bitcoin will be virtually identical to your current banking system. The only reason it hasn't happened yet is because it's too difficult for them to play whack-a-mole with regulating miners, but the LN "nodes" aka banks are less ambiguous in nature and will be regulated to infinity just like any normal financial services provider or bank.
The costs, compliance, and amount of lawyers needed will be so high only entities like JP Morgan and Goldman Sachs will run them. This is how crony capitalism works. You introduce regulation with compliance requirements and fees so high that only your existing monopoly can participate while all small competitors are eliminated.
Nevermind the fact LN doesn't function in a decentralized manner in the first place. There is also ZERO incentive for LN nodes aka banks to broadcast transactions to external peers. There is actually incentive for these bitcoin banks to FORCE a hub and spoke model or cartel collective in order to hold their users hostage for usury fees (just like regular banks do). There's also nothing that stops them from changing usage of bitcoin as settlement to ripple, US dollars, or anything else.
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Ya ok..........and all the people were saying we will never see bitcoin below 15k again, and then we will never see bitcoin below 10k again. and it already nearly hit 5k.
1500 is still a high amount considering where bitcoin started from and how many people got in under $10. Bitcoin does havfe a use, acts as a digital bearer bond and you are in complete control of your money. Well the thing is the majority of people (over 99%) don't care about any of this and would rather use a bank. I used to be a strong believer but this whole thing is just another dot.com crash all over again but without the rebound.
Doesn't mt gox still have a bunch of coins to dump?
Also there is a very real threat of Satoshi's 1 million bitcoins. Who the hell knows what will happen and maybe he will dump those eventually.
^This guy's post looks like he just took "how to shill for Bitmain or the Jews at Goldman cointelpro 101". Like I said before, nobody should sell anything so you have plenty of coins to dump on the kikes if they try to pump and dump it higher. Maybe he's right and shitcoins go lower, but you making or losing money doesn't matter. All that matters is ruining any kike schemes possible and eventually expelling them from every nation on earth. Shitcoins are completely valueless, imaginary tokens - the ultimate pump and dump scam, so they attract Jews like flies to shit. The plan is to make sure their life is miserable the second they fly in and attempt to land on the shit by having as many shoeshine boys as possible hodl to dump on them. |
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The non-aggregate bitcoin market being swept of longs and shorts by the criminal owners of Bitfinex as usual. Although I wouldn't be surprised if they do conference calls with the Bitmex owners now while doing the rigging.
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It's a barrel of laughs watching the faggy Jew shills post on Zerohedge thinking they have any chance whatsoever of banning the 1st and 2nd amendment:  You can tell how close the system is to collapsing by how desperate they are to try and grab the guns so they can try and force a new debt based currency scam on people when this one blows up. I really hope they continue this completely hopeless plan up until the very end. The kikes could just take all their stolen wealth and try to flee somewhere else and change their last names like they always do, but if they stay and don't try to run, they're as good as toast because everyone knows exactly who is behind it. So, please Jews, I beg you, do not attempt to flee America. Stay in the US and continue your hopeless plan so you'll all be eradicated. |
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and jews are once again being focused on as problematic
Uh oh, the Zerohedge goyim know!  |
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TOP 10 Most Stupid Tweets By Faketoshi Craig Wright
Top tweet of Craight Wright admitting he's a fraud. Bitcoin is SUPPOSED to be all those things, it just fails at it miserably from transaction validators being designed to centralize. Since transaction validators are designed to centralize where there will always only be like 2-10 or so megapools/mining facilities, it then becomes a tool of the state from being stupidly easy to target, regulate, and co-opt. A replica of the Chinese social credit score system is the only possible outcome on a long enough timeline.  |
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Bitcoin and oil chart look pretty similar lol. Except oil actually matters and bitcoin doesn't. I don't know how oil can move like that without indicating imminent deflationary collapse and Jews trying to pass QE4 to prop up their assets. Or maybe no more Jewish bailouts and a system reset. I think oil needs to be over $100 a barrel to even warrant new exploration at all. This shit = one giant civilization ending Seneca cliff waiting to happen.  |
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