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Altcoin buyers are going to learn an EPIC lesson over the next few years about the 'Madness of Crowds'.
See Bitcoin FOMO of 2011. See it again in Nov 2013.
I predict that within 3 years from now, ETH will dip back into the single-digit dollar territory.
Happens in the stock market too. Anyone here remember the '3D Printing Will Change The World' FOMO hype of 2013?
No?
Just go pull up a chart of SSYS, DDD, and Voxeljet stock. Zoom out to Max chart view. Then shed a tear (or not) for those that caught up in that bullshit. Some people have to learn the hard lessons.
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it's obvious nonsense, just go read up on reddit for a while, plenty of people have torn it to pieces already.
Bullet points on a whiteboard talks. Real solid & tested code walks. |
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Any so called "agreement", privately discussed only by a bunch of suits and not including input from any core devs, will fail.
Period.
Anyone believing otherwise is delusional.
The fact that the suits believe they are in control of anything, or can influence anything, is equally delusional.
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We'll see how much they love it when the troll traders start to dump that shit into the ground.  |
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Call me crazy or dumb...but I am starting to have a desire of shorting BTC at these levels...
Short that ETH shitcoin instead.. I'm not a big fan of that coin either but shorting this now is not a good advise imo! Not yet! Ethereum is backed by lots of big guys from different industries it seems. They all are licking Vitaliks butt as I often see and hear on all those blockchain conferences. So either wait for the trend reversal and try your luck then, with shorting that crap. Or do nothing and just simply ignore it and only focus on our crown, Bitcoin! Nobody knows where this shitcoin bubble will go or how long it will last. Crazy times we are in right now.So act cautiously! I'm of the belief that the Altlandia bubble is just another method for the powers that be to distract the Average Joe populous away from Bitcoin. Just another form of Social Engineering for them like the BU FUD debacle (because that's all they have left to work with). Bitcoin scares the shit of of them, they know that Bitcoin truly has merit and value, and that they can't control it like they can with other cryptocurrencies that are not founded on the same principles and can be easily co-opted. |
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Call me crazy or dumb...but I am starting to have a desire of shorting BTC at these levels...
Short that ETH shitcoin instead.. |
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Bearstamp at 2k.
Dat wall doh. |
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Can one of you explain why there's such vitriolic anti-ETH sentiment here? It seems to be more than just the usual competitive banter
My guess is that both Ethereum and Ripple are centralized coins run by slick businessmen who can create unlimited coins as they desire. Both are despised. Honest Bitcoin clones like Litecoin are better tolerated. On Ethereum, not to mention the following: 1. Vitalik himself said that he didn't create Ethereum to be a competitor to Bitcoin (i.e., apples vs. oranges) and didn't think of it as a traditional cryptocurrency at all. He didn't believe it should even hold value. Its focus is primarily for smart contracts and intelligent apps. 2. Centralized: 70M out of 90M originally premined, crowd sale, float is tiny. Vitalik himself stands the most to benefit from higher price. It goes to the moon, he personally will be the crown prince. 3. No long term cap 4. HUGE attack vector compared to Bitcoin. More hacker surprises are likely. 5. Forks constantly 6. No merchant adoption or support that I can see 7. Likely to change to POS, which sucks even more. 8. Anything that big industry promotes (i.e., IBM, Microsoft, banks, etc.) is highly suspect. 9. Currently getting pumped with mega margin by troll traders, WAAAY overvalued, definitely in a bubble -- annnndd lastly--- 10. THE NAME SUX BIGTIME |
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It amuses me when maximalists confuse an 'ought' (or 'can') with an 'is'. The reality is that businesses troll traders are obliviously just getting on and using non-bitcoin blockchains (= alts shitcoins) for all kinds of things fleecing newbs out of their $$$ without any regard to those arguments.
FTFY That's happening too. But it's probably incidental. There's an obvious market need for small transactions that Bitcoin has become incapable of filling. Alts are here to stay. 99.7% bitcoin troll trading, FOMO buying as a store of value, or currently spamming the network 0.3% or less people trying to buy a coffee or some other real world transaction (like buying drugs, gambling, etc.) And I'm being generous, the real ratio is probably way worse than this. So the farcical arguments really need to stop. |
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Even the most unknown altcoins are getting pumped, incredible...  I know there is a sucker born every minute but do they all think that all those coins are the same as Bitcoin? This will turn into a mega bloodbath. the thing that people are forgetting is that alts are taking off in places like korea. i think that's where much of the ripple buying is taking place. all it takes is one new market to get excited and it blows all the current ones out of the water for a while. Actually you touched on another thing that newbs just don't understand, that there are nationality-specific altcoins that are being traded around the world as well. You won't see these listed on coinmarketcap.com or even on the major exchanges, but if you go translate on certain countries forums you see them being discussed. For example China has hundreds of asian-specific altcoins and derivatives that they trade, and I'm pretty sure other countries do as well. These are all scamcoins designed to siphon money off of gullible newbs who are just out to get rich quick. All the special snowflakes can't be special if there are thousands of them... and only known about by the locals. |
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It amuses me when maximalists confuse an 'ought' (or 'can') with an 'is'. The reality is that businesses troll traders are obliviously just getting on and using non-bitcoin blockchains (= alts shitcoins) for all kinds of things fleecing newbs out of their $$$ without any regard to those arguments.
FTFY |
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We went through 1948 on Stamp.... can't wait for 1984.  |
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Bitcoin trading on FoxBit (Brazilian exchange):
LAST PURCHASE: R$7151.77 ($2110.41 USD)
HIGH: R$7350 ($2168.91 USD)
LOW: R$6570 ($1938.74 USD)
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The increase of the Bitcoin is bigly!
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Ibian tries to distill every argument down into a black and white, yes or no result so that he can claim victory.
Ok here's one for ya Ibian.
Why do you want the price to increase? So you can be rich?
Yes or no? Just answer the question with 'yes' or 'no'.
Yes. Of course. Now here is a question for anyone who thinks this is a BadWrong thing. Why do you want the price to go down? Doesn't even have to be a yes or no, I'm generous like that. Nope, you don't get off that easy. I get off exactly as easy as I want. Feel free to try again without the condescending attitude. Didn't answer my question, as typical. Face it dude, you're just an asshole that likes to pick fights with people with your condescending attitude of superiority. But once again, when faced with truth, you switch direction. |
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Ibian tries to distill every argument down into a black and white, yes or no result so that he can claim victory.
Ok here's one for ya Ibian.
Why do you want the price to increase? So you can be rich?
Yes or no? Just answer the question with 'yes' or 'no'.
Yes. Of course. Now here is a question for anyone who thinks this is a BadWrong thing. Why do you want the price to go down? Doesn't even have to be a yes or no, I'm generous like that. Nope, you don't get off that easy. So yes, you only care about the price increasing so that you can sell bitcoin to be rich one day. So you don't actually care about bitcoin beyond anything other than being able to sell it for fiat. Got it. Which then begs the question, why not devote your time invested in an altcoin where you can potentially get rich quicker? Because all the other benefits of focusing on Bitcoin other than to get rich seem to elude you. |
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Ibian tries to distill every argument down into a black and white, yes or no result so that he can claim victory.
Ok here's one for ya Ibian.
Why do you want the price to increase? So that you can be rich one day?
Yes or no? Just answer the question with 'yes' or 'no'.
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Supposed $400M backlog. And all of the bitcoiners are whining and complaining that this backlog consists of everyone rushing to simultaneously make $400M worth of purchases of goods and coffees. Shut. The. Fuck. Up. Whiners. You know that's not why. Not even remotely. What a farce.  |
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OKCoin new all-time high @ 11000 BTC/CNY!
Dat wall doh |
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