If anyone tries to short majorly on Bitfinex they will get destroyed.

Mark. Those. Words.

Reaching for Gold parity again feel like

Gresham's law.

Bad money circulates. Good money gets HODLed.

But of course it doesn't matter to either of you guys what the bitcoin price action does, right?

Right? Because you think bitcoin is complete shit and you're both all 100% in PMs right now?

Because you wouldn't waste your time posting about BITCOIN on a BITCOIN spec sub if you absolutely hated it?

Right?  Right guyz?

GUYZZZ??

For those looking for FUD that is magically perfectly timed with dumps, here ya go:

http://www.cnbc.com/2017/04/13/company-behind-bitcoin-creator-sold-to-private-investors.html

LOL

A pump is not the same as "people buying". Whales can pump or dump into their own walls, and use fake news to drive the speculation in either direction.

Those shitcoins aren't going anywhere but down in the long term.

Last chance to buy sub 1200?


Bitcoin traded to pump ETH and DASH. Nothing to see here, move along...

Riiight, sure ya did.    You divested in those other shitcoins along with the rest of the n00bs.

(And btw, I agree with ya about litecoin. If it wasn't anything special then, it surely won't be with SW either.)

For the world to adopt cryptocurrency at all as a truly-integrated payment system, it's Bitcoin or bust, man.

I feel like these conversations around bitcoin's viability long term are completely played out.  They've been talked about for what... like 8 years now? That's nearly a decade of time. I'm sure in another 8-10 years, people will still be droning on and on about it ad nauseum.

In the first decade of the "modern" Internet, people kept saying things like "Just one world catastrophe, and the entire Internet and its usage goes up in a poof of smoke".  Ok, whatever, just more Prepper talk completely divorced from reality.    People are ignorant to the fact that the Internet was originally created as a means of communication for just such an emergency situation.

Here we are 30 years later, and the Internet is still up and running, stronger and more distributed than ever. Now we have a worldwide Internet that literally is too big to fail. The entire fkn financial WORLD runs on the Internet, and that will always be true, even when we have the occasional worldwide crisis. Just like the world's central banks, they are not going anywhere, even if things get really bad.  They will still be chugging along.

So eventually Bitcoin will reach this level, where the worldwide Bitcoin network runs on the backbone of a financial internet that is literally here to stay forever. As long as the Internet is around, Bitcoin will be around. And people will use it, regardless of what the world's governments want or say.

People that think otherwise are just delusional Preppers. If we have Apocalyptic disasters one day that wipe out everything including all worldwide Internet communications, then Mankind has WAY bigger problems and even those silly gold and silver coins ain't gonna do jack shit for ya. Stock up on food, medicine, bullets, and toilet paper, because those become your new 'currency' barter system in that situation.  

Just further proof that the economies of *all* these cryptocurrencies, Bitcoin included, are still insignificantly small. But hopefully one day that won't be the case as things before more distributed over time.

If one guy thinks he has that much pull in a crypto community (or tries to have), then it still is truly a small and insignificant economic market.

For the record, I don't have anything against coblee.

But coblee <> Litecoin (and yes I know who he is).

And they won't crash, not like that. It'll be a slow, painful, 'down, back up, and then more down' degradation road that will last for 6-12 months, maybe longer.  But the end result is the same.  Check back on them at the end of the year, people will be amazed how far down they can fall.

Meanwhile, Bitcoin stays honey badger. I still predict a ~1600 target by years end.  I guess we shall see.

Bitcoin rises again as more alts crash.

Further proof that 'The Great Altcoin Bait-n-Switch Pump of 2017' was a complete farce.  Feel sorry for those n00bs that got taken, but at least they'll learn a hard lesson.  

So what's the deal with the Chinese exchanges? Have they allowed btc withdrawals yet?

Cruise missile to Jihan's mega mining center should solve the problem.

It's coming.... again... for like the 5th time.... soonish^TM

Uh dude, it was like ~120K hacked. Not a million btc. Get yer facts straight.

Yep, it only works perfectly for 10M people right now. 

Poor Bitcoin... 

No worries, Jihan can just fork over to a wonderful, closed-source, buggy-as-hell, unlimited blocksize, fully exploitable (er "optimization-able") blockchain called BU-whatever, and mine it exclusively until his heart's content.

Only problem is, the "economic majority" won't be following.  Sorry.

That's what she said