Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.
i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice. its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time. Exactly. A lot of sheeple gambling that either a positive ETF decision would lead to an instant massive price rise, or a negative ETF decision would lead to an instant massive price drop. The reality is that bitcoin is the same now as it was this morning. Nothing has fundamentally changed. Except that all of the massive over-hyping in both directions can now be put aside, and the price can carry on with its steady rise unimpeded by the distraction of the ETF decision, as it has done for the past two years. Onwards and upwards.... As a long term hodler, I always ask myself one question: Do I think that the price will be higher next year than it is right now? And I answer, 'yes'. So I hodl. Easy decision. And guest what? It almost always is higher. (we won't count that anomaly called '2014', lol). |
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So how long until Gold parity is reached for the 4th time? Lol
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So glad we have an answer now, we can finally put this whole ETF shit behind us and move forward.
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I think any denial of a Bitcoin ETF would be nearly 100% politically-motivated. It would mean that they (Governments? World Powers?) simply don't want Bitcoin recognized as a legitimate long term financial instrument.
Could this be more true now? |
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Sorry if this has been mentioned but have you seen prof stolfi has put a negative comment to the SEC
Edit. Just seen it on Reddit mega etf thread on bitcoinmarkets page
He can always be depended on to devote at least 18 hours a day to destroying Bitcoin in his uniquely passive butt headed way. I shudder to think what's going to happen to him if it passes. He wants all of us Bitcoin fans to die in a fire. We should all troll the shit out of /r/Buttcoin, jstolfi, and Prof. Bitcorn if the ETF gets approved. Lol  |
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huge sell off if "NO"
huge pump'n over the weekend if "YES" , then mega crash on Monday when trading begins
after... back to the grind up in either scenario
FTFY |
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Above Gold again. For the third time this year. Ha. Hah. Hee..ha.. urm ...ha
So HAH!
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CHEAP COINS. WE GOT YA CHEAP COINS HERE!
Heard that around here @ $300. Back when it was a ghost town no one wanted them. Idiots. |
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What's the best way to buy bitcoins instantly? circle?
Where have you been? Circle threw in the towel a few months back. Now they point their orphans to Coinbase. I never gave a shit about circle, coinbase requires ID's and documents though right? Maybe in a month or two, you'll be able to drive to a convenient store in New Hampshire and buy bitcoins at the same time as you're buying a morning coffee. What about Abra? Anyone try it yet? |
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Gold parity for the second time? lol |
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I am a 'newbie' on this forum and i find this very offensive  A newbie troll, a seasoned troll, they're all the same: wasting their breath, time, and energy. |
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Notice how the mainstream news works hard to distract the populous.
Talks of CIA leaks, Trump wire tapping, North Korea, the U.S. healthcare overhaul.
Distraction away from absolutely no discussion of the coming March 15th date (U.S. debt ceiling freeze), and the shitstorm that will ensue in the following months after that. Especially if the Fed raises rates around the same time.
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My my, look at all that compression. It's like someone trying to push an inflated beachball deeper underwater.
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I'm calling a double bottom at $1180.
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Seems this whale wanted to re-test (aka fake-test) back to sub 1200 to shake out the weak.
Man, the manip is stuuurong.
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Yep, I've got more processing power in my pocket then all of NASA had when they put a man on the moon. <s>But hey - technology will never advance to allow anyone who wants to make a transaction on-chain whenever they want</s>.
I didn't say 'never'. I said how Bitcoin is *currently* architected/designed. If one day the devs change that and it gets accepted, then I'm sure Bitcoin can be made to scale better. Or maybe not, maybe off-chain solutions are better in the long run. Either way, I'm sure that the Bitcoin ecosystem will change dramatically in the next 20 years. So I'll just go back to operating my BU node, thereby signaling my preference for larger blocks (currently EB 2MB, AD4). You?
You probably won't be running a BU node in the future, so don't get so attached.  But I thank you for participating at all. |
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Or scale to Visa-level tpd throughput?
As adoption requires, yes. Never going to happen on-chain with Bitcoin, no matter what the block size limit is set to. Anyone selling that vision is selling pure snakeoil.
Given the timescale over which adoption may possibly grow, you are wrong. And I have grown bored with this conversation. No you are wrong. Grow bored all you want (or stick your head back in the sand). But their are TECHNICAL LIMITATIONS to how the Bitcoin network is designed/architected, that PREVENT Visa-level transaction-per-second processing (4,000/sec). No wishing for a 2 MB limit increase will even come close to achieving that. Now I'm bored...sigh |
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The current code has a true "bug" (i.e., transaction malleability)
Yes it does. But this malleability bug is inconsequential. It has known workarounds. It affects almost nobody. OTOH, the fact that no more than ~250,000 transactions can be processed in a day negatively affects everyone who wants to make a transaction, every time they attempt to do so. So the desire is instantaneous transactions? Or scale to Visa-level tpd throughput? Never going to happen on-chain with Bitcoin, no matter what the block size limit is set to. Anyone selling that vision is selling pure snakeoil. |
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Roger Ver is the BIGGEST hypocrite in the Bitcoin space. Why do I say that? Just go take a look at his Twitter stream: https://twitter.com/rogerkver?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5EauthorHe has tweets where he is saying 1. Average transaction time over 2 hours 2. Transaction fees too high 3. Blocksize limit *killing* bitcoin usability as a currency 4. No one spends bitcoin, just hordes - AND - Interspersed with those tweets, he shows other tweets of himself 5. Smiling and seemingly proud using bitcoin just fine as a currency at many restaurants for his meals, where I'm pretty sure he didn't have to wait 2 hours to get a transaction confirmation or give up in total disgust |
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