If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.
im a superbull - but thats even too much for me: That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now. If Bitcoin ETFs get approved next year, $80k could be achieved in a week or two. Seriously. |
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Poor Todd Haselton should stick to his nice, safe, stable dollar bills.
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The 100 tx per hour is filled in the first 30 seconds. So If I am stuck with a slow transaction, every hour I have 30 seconds to push it through this, so I get it confirmed after a few more hours ? Ok, good enough for me. Yes, it's good. It's much better than nothing. I imagine you have read it, but in that same place Viabtc expresses its position regarding the problem of scale, supporting larger blocks, and even advertising BCH. So, for many users in this forum, using their free service can mean supine inconsistency. What should we do to solve jam problem?
Essentially, the key to solving jam problem is to increase or even remove block size limit but Bitcoin Core developers keep refusing to do so to allow more people to use Bitcoin, regardless of the Bitcoin white paper and signed consensus.
In this case, a group of big block supporters initiated the first hard fork of Bitcoin increased the block size to 8MB, with a forked digital asset born - Bitcoin Cash (BCH).
BCH does all what Bitcoin can and does it better in a more flexible way. What’s more, much lower fees and faster confirmations makes it more user-friendly, following the core principles of “Bitcoin”.  99.999999999% of transactions are all buying/selling, trading, gambling, wallet moving, and other bullshit. And it's been that way for 8 years, will probably be that way for 8 more... |
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Funny that they don't mention: China stock bubble of 2015 3D Printing stock bubble of 2013 (just pull up chart of SSYS or DDD, zoom out to max.... holy shit) Kroger stock bubble of 2015 (zoom out chart) Tesla stock bubble that started in 2013 Netflix stock bubble that started in 2012 Gold and Silver bubbles of 2011 ...or really any of the other hundreds of typical bull/bear runs seen pretty much yearly around the world.. I guess Bitcoin is just so unique.  |
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Never is a long time. Everything is based on confidence, people believe that America will pay it's debts because they always have.
The same was true for Leyman Brothers and Bear Sterns though, they were over leveraged, but they would be fine because they'd always been fine.
Until 'the market' lost confidence in them.
As soon as that happens, it will be over. It can happen quickly too. People can start to ask for their money back, the US can't pay, so there is a default. That's it, it's over, the whole system would come down!
There's also this 'canary in the coal mine' to keep an eye on: http://didthesystemcollapse.com/ |
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Isnt litecoin "digital silver", whereas bitcoin is the "digital gold"?
So, it MUST have 1/12 value of bitcoin, because this was the historical value of silver in relation to gold. Silver was used in daily transactions, gold was for store of value.
If bitcoin is 17k now, then litecoin should be around 1.5k. Long way to go.
That's one of the stupidest things I've ever heard but it certainly does have staying power. I guess we'd all better do our part and spend our savings on making sure we get to that ratio and keep it there. I fully support adding arbitrary figures to markets that have zero relation or correlation. You go first. Gentlemand, didn't you hear? Ethereum is the new "digital gold". But it needs a "digital silver" compliment to go with it. Just copy the ETH source code, change a few params, make it 4 times more abundant than ETH, etc. If you are smart you should be able to knock that out in a weekend. Can you go make that real quick and start marketing it as such? And I think if you just say it enough times, people will start to believe it.  |
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Isnt litecoin "digital silver", whereas bitcoin is the "digital gold"?
So, it MUST have 1/12 value of bitcoin, because this was the historical value of silver in relation to gold. Silver was used in daily transactions, gold was for store of value.
If bitcoin is 17k now, then litecoin should be around 1.5k. Long way to go.
According to whom? Think deeply on that fallacy. |
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No. I want to alert about the weaknesses of Bitcoin Segwit.
You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit" Careful, your double standards and hypocrisy are showing. I am not sure if I would call what jbreher is doing as double standards and hypocrisy - instead it as an attempt to create a false impression that bcash is somehow in the competitive mix with bitcoin. Its a way to attempt to make bcash and bitcoin as kind of equivalents and competitors - a kind of marketing that most of the WO thread participants see through, however, can be a bit confusing and even effective with bitcoin newbies and with r/btc aficcionados. Exactly. Bcash (and all other shitcoins) are to Bitcoin (sharing the class "cryptocurrencies" in name only) -as- Penny stocks are to Apple (sharing the class "equities" in name only) Like does not equal like. Newbies just don't understand that. All they track is price, which can be easily gamed with the shitcoins and ICO tokens. VERY easily. |
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They need your btc. You should trade yours to them for some litecoin. Or eth. Or some other shitcoin. Can't you see they're going up?
Hm. Interesting theory. However shouldn't people be trading this now worth a lot more LTC for BTC?What do you think the litecoin whale pumpers are doing?  |
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When you realize what Bitcoin futures traders desperately need right now, it makes perfect sense
what do they need then?
They need your btc. You should trade yours to them for some litecoin. Or eth. Or some other shitcoin. Can't you see they're going up?
Yes, I do see my ltc, eth and xrp go up  Mission accomplished. |
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The irony is that participating in the U.S. stock market is gambling not investing, the insider traders have advanced information the public never will, and the game is rigged in favor of the wealthy elite. But people like Jim Cramer like to gaslight the public to believe the U.S. stock market isn't a casino, nor is it rigged. |
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Wtf litecoin
Meanwhile Litecoin went up 200% in 4 days (as measured in USD). What gives?
When you realize what Bitcoin futures traders desperately need right now, it makes perfect sense what do they need then? They need your btc. You should trade yours to them for some litecoin. Or eth. Or some other shitcoin. Can't you see they're going up? |
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Wtf litecoin
Meanwhile Litecoin went up 200% in 4 days (as measured in USD). What gives?
When you realize what Bitcoin futures traders desperately need right now, it makes perfect sense |
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A couple of days ago there were bearish threads being created, the usual suspects predicting epic crashes. For some reason they’ve all gone very, very quiet.  This is what I've been saying to the bears and trolls for the last 4 years...  |
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I'm reading Snow Crash right now.
careful Snow Crash is like a gateway drug, soon the weighty tomes will be piling up. As well as with anything by William Gibson. Starting with Neuromancer. And if you really want your mind == blown, try getting through Steve Aylett's Shamanspace. I dare ya. Double dare ya to read it while high. |
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Did futures killed bitcoin volatility?
C'mon bitcoin.... do something, I'm bored
From here I honestly wouldn't be shocked to see Bitcoin move sideways for a couple months, with constant pumps up and dumps down inside a sideways channel. Without a lot additional supply, the futures traders know that this market will go nowhere. So they are going to keep shaking the tree and see what falls out. My bet: nothing will. And eventually they will get weary and just go long. |
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It's back at your top there, sgbett. |
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