Theorem:

The soundest form of cryptocurrency shouldn't have to fight for "popularity" amongst others, nor will it. In the long run, sound money is not a popularity contest.

A cryptocurrency's economic/governance model and strength & security of its network should speak for itself, and become self-evident to all involved eventually over time.

Other, lesser cryptocurrencies will eventually wither and die.

Question: Does Gresham's law apply to the world of cryptocurrencies as well? Hmmm...

Also, go Bitcoin!

Litecoin is really triggering my laziness.

I have an old Litecoin wallet from back in the day (way back when I thought having another currency blockchain outside Bitcoin's might have some long term value). It has ~100 or so LTC left in it.

But eh... I'm just too damn lazy to fire it up, sync it with the network, and trade my ltc for btc.  

Time for the exchange owners to feign "hack" and run off with the money? Lol

You mean at one time you did? Lol

If you want the best charts and analysis, I hear MattD is over there nailing it in his thread. 

Yes, the positive news is that the "Great Alt Bait-n-Switch Pump-N'-Dump of 2017" is now coming to a close.

The funny thing about countries "officially recognizing" Bitcoin as a method of payment is pretty facetious.

So they "recognize officially" something that they don't have control over anyway, and the "recognition" part is just a promise to regulate and tax the transactions.  

"Hey Bob, I see you're using potatoes as a form of money instead of fiat currency. That hasn't been an official form of money in the past, but we're gonna "officially recognize" it for you now. So you have to file a bunch of forms we have to approve first before we can allow you to trade for potatoes. And oh yeah btw, we're gonna need you to pay us 20% of the 'cost basis' of your potatoes for every transaction."

Wow. Just wow. Fuck that.

$22B in Gold found? 

Yawn.

The U.S. Fed prints $85B /month.

Umm, you're forgetting the Chinese miners and exchanges that have literally millions of LTC they have mined and saved up over the last 4 years..... ready to dumpity dump dump LTC right back into the ground on any sustained rise.

Ya think they are just going to sit on those coins foeva?

Concern me enough to think that a shitcoin up-and-comer could do better?  Or even get to where Bitcoin is now?  And do it soooo effortlessly, without all the trials and tribulations that Bitcoin has already gone through?

Nah, I'm a lot brighter than that.

This is what n00bs will end up doing if they keep jumping off one train (Bitcoin) for another supposedly "better" altcoin, because they don't think that things are moving fast enough in Bitcoin land. And they will continuously lose money and fail each time they do it.



Remember, a new form of worldwide money, if is to be successful, will need to be around for decades.

DECADES. Not just a year or two.  DECADES.

I guest all of you geniuses that have divested into every shitcoin imaginable have never cared about things like merchant adoption, global acceptance, and all that, you know, really important cryptocurrency stuff.

Only ONE coin is talked about most in the worldwide news.

Only ONE coin has the MOST merchant adoption (hell, 99.99999% of alts have ZERO).

Only ONE coin has anyone even TRYING to get it considered for an ETF.

Only ONE coin has been around for 8 years, still going strong, the price higher than it has every been in its history.

Only ONE coin has wealthy people buying millions of $$$ worth as a long term investment :
https://gemini.com/auction-data/

Only ONE coin is being traded around the world on EVERY exchange.

Only ONE coin is being bought vigorously off-exchange around the world:
https://coin.dance/volume/localbitcoins

And that coin is Bitcoin.

Everything else is a wannabe for troll trading fodder.  History will prove this out.

Haven't you heard? It's what's for dinner!

Careful BBZ, if you try to expose the truth around here, you'll just get hazed to death for being some kind of wackjob conspiracy theorist.  

They (miners, whales, troll traders) need the illusion of ' independent market forces' to appear as the reality, so the populous of crypto enthusiasts (esp newbies) can easily be swayed by emotion and be easily parted from their $$.

That's why the first thing that unsuspecting newbs ask when some random altcoin gets pumped is, "Have the fundamentals for this coin changed? Is there something I should know about?" And of course, there's always someone there to give them some plausible but equally random answer.  

This last week has been exhausting....

^{(.... hitting the damn Ignore link for every newb troll account with less than 100 posts...phew!)}

Well if you truly believe this, then your definition of 's-curve adoption' of Bitcoin is WAY narrower than most.

When I think of s-curve, I think of PC adoption. Or cell phone adoption. Or Facebook adoption. Which most certainly includes "Average Joe", which comprises like 80-90% of those adoption levels.

Depends on what you call 's-curve adoption', or what the definition is, of this kind of disruptive technology.

For example, would you say that Bittorrent has gone through an 's-curve adoption'? This depends on who you ask.

Some would say that the growth model shows an 's-curve' and thus it has.

But then just go ask the Average Joe on the street if they have ever used Bittorrent, much less heard of it, and they would say 'no'.

So if getting every able Average Joe in the world to have access and to buy some bitcoin and spend it is 's-curve adoption', then we may perhaps never get there.

On this exact date:

ETH = ~$52
BTC = ~$1035

Let's pull this post up at the end of the year (12/30/2017), and see which one did better.  Shall we?

^{(oh that's right, you'll be long gone by then)}

We still got a lot of year left.

I still predict ~$1600 by year end.  $4K by end of 2020.

So instead of spending time in the Eth forum, you're spending it here instead. You seem desperate to get Bitcoin users to buy Eth.

Wonder why the desperation?

Concern-trolling at an ATH!

If you just wanted to make $$$ short term, the time to have bought in Altlandia was last year. When no one wanted it or cared.

If you are getting onboard now 'cause hype and "dur hur alts winning, Bitcoin failing dur hur", we'll I'm afraid you're going to be disappointed.

Short term perception <> long term reality.

I'll just leave this here:
http://altcoinobituaries.com/