Just to wait for Lightning Networks? Which nobody knows if it will work and will created centralized Super Hubs Banks are going to control because money it requires a license as money transmitter...
Unlike the centralized mining hub of BCash controlled by VerWu? Hypocrite much? |
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I wouldn't call it a crash, more like a lack of liquidity in that spike down to 14K on GDAX. Their "news" has obviously caught people off guard, except for the BCH crews and pumpers who are obviously in the know.
Here's the thing: There is no way that the pumpers would know to short/dump bitcoin and pump BCH way ahead of Coinbase's surprise announcement, unless they had been tipped off by insiders at the company. And insider trading is illegal. Therefore Brian Armstrong should be investigated. Do laws even apply to unregulated markets? For a company that is supposedly trying to go public as early as next year, and are in a lawsuit with the IRS, they sure as shit better get their act together when it comes to "regulations". |
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I wouldn't call it a crash, more like a lack of liquidity in that spike down to 14K on GDAX. Their "news" has obviously caught people off guard, except for the BCH crews and pumpers who are obviously in the know.
Here's the thing: There is no way that the pumpers would know to short/dump bitcoin and pump BCH way ahead of Coinbase's surprise announcement, unless they had been tipped off by insiders at the company. And insider trading is illegal. Therefore Brian Armstrong should be investigated. |
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Looks like we get Masterluc's ten grand sooner than we expected.
I wonder if this was a regulated market whether all of Coinbase would wind up in jail.
Coinbase just release BCH selling on their website while I am online and seeing it available live and the bitcoin price crashes to $16000 all the sudden. What the hell is with this war anyways? Well coordinated attack on BTC. HODL mother fuckers! And Brian Armstrong complicit in the attack. Add him to enemy list. |
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Every time Coinbase has a chance to retain or regain my respect, they lose even more. Pretty soon they'll just be a Cryptsy 2.0 shitcoin peddler. Brian Armstrong obviously could give two shits about the Bitcoin movement as a whole. |
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To be fair, people quote a lot of weird stuff as 'fact'. I'm not even fully convinced that unmutable facts exist whatsoever in this world.
Not only that, but 98% of society takes so called 'facts' given to them from the MSM as gospel. It blows me away when people just blindly believe what they are given at face value. |
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If you could kiss $500 goodbye then why the hell not?
Yeah, but even the best hodlers from $0.50 would have dumped or traded ETH at $10, $20, or $40. Or some other price point along the way. No way anyone other than maybe Vitalik himself would have held that shiite all the way to today's price. |
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It's altcoin trading that fucks you. Holding ETH from 50 cents in 2015 looks like an unobjectionable move to me.
It’s easy to cherry pick with the benefit of hindsight. Far too many old school bitcoiners sank their battleship diversifying into alts. Gentlemand probably already knows this, but one of the reasons that most of us Bitcoin old timers didn't just dive in and scoop up ETH (then ETC) at $0.50 each by the truck load was because all of us actually *did* do the research, and found Ethereum completely lacking in its design, structure, pre-mined nature, rate of issuance, and lack of hard cap limit for either a store of value or as a currency. Even Vitalik warned people right away that he didn't regard ETH as a currency at all, and certainly didn't regard it as a competitor to Bitcoin. Of course all of that history is likely now lost on the newbs. They couldn't care less. We didn't like it then, and still don't like it now. The price does not matter. Hell, I can remember when Adam had quite a bit of Ethereum as part of the initial offering, and in this forum he couldn't even give them away. No one cared about it. Just because something's price changes higher, doesn't automatically make it worth anything. Just go ask the thousands of people that were fooled and destroyed by penny stock pump and dumps. Or people destroyed in the Dot Com era by investing in IPO companies. |
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My take away from that video are three things: 1) Jim Cramer still dropping subtle hints that existing bitcoin holders should take profits, because he knows damn well that the biggest problem Wall Street is facing right now with bitcoin is finding more supply. No supply == no control of the market. 2) Jim Cramer admits at the very end that Bitcoin is going a lot higher, even though he was just saying two weeks ago that the bubble is going to pop any day now. 3) He's still a complete idiot. Never fkn forget: https://www.youtube.com/watch?v=2kEySHOd4JU |
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^^^^^ Nailed it. Shitcoins are a profit-taking machine.  |
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Honestly this is what I think of when newbs trade their bitcoins for more shitcoins, thinking they can game the markets. Sometimes the only way to learn is to get burned. |
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Chart is not as useful without a current update.
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Honestly that was the most pitiful short attack I've ever seen.
That's all they got?
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kim jong un was behind wannacry, us gov is giving a briefing at 9 am est i believe...
Expect it to go to 0 within 3 hours of the conference
Actually news like that could send it to -500 for a few weeks at least, maybe forever  |
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Damn those Chinese banning bitcoin again.
Or is it the S. Koreans this time?
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The real question is how best to profit from it.
Um, by dumping your bcash maybe? |
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I've spent loads of it and not replaced. Comes a point when it's all a little bit academic whether you have an extra 0.3 or so plus it makes for a fun conversation piece or excuse for family annihilation when the time is right.
Every time I spend I know perfectly well it's going to look like a disgrace in the future. That makes me feel oddly sexy. I particularly enjoy spending the proceeds of a Bcash sale.
Speaking of clonecash, ath. Still haven't dumped. Too lazy. May do so in the next month or so. If I can be bothered. This is what most people don't get about BCash (applies to all the alts too). They just look at the price and say "hey it's going up!" But in BCash's entire existence, only about 5-6 weeks was the bch/btc ratio lower than it is right now. Meaning that if you had traded it for bitcoin at any time other than those 5-6 weeks, you would have done better and made more return. It's worse for many of the alts. Look at ETH. Even though ETH has more than doubled since June, if you had traded btc for eth in June you would have lost a lot of return. |
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