What is really happening in the marketplace is an arms race to solve scaling. That is the one clear stumbling block that is holding back crypto.

The scaling arms race is really between Bitcoin and Ethereum.  However Ethereum has the handicap that it has to carry far more traffic on its network due to onchain smart contracts.  So I believe it is losing the race despite research into sharding.  

Bigger blocks don’t solve scaling so that rules out Bcash (for the shills in the audience it is just kicking the can slightly down the road and making the problem much worse in the interim).  Ripple is just an Excel ledger controlled by some guy. Bcash at 10,000 tx per second is just an Excel ledger controlled by some guy.  I don’t understand how anyone will be able to store the transaction spam in Raiblocks or Iota without fees as a barrier.

I challenge anyone to tell me that another coin is going to solve scaling before Bitcoin without becoming another Ripple.

When someone convinces me well and truly that Bitcoin will lose the scaling arms race, then I will take that very seriously indeed.  Until then, I stand and hold.

Coinmarket is showing old data from a few hours ago.  Don’t rely on it because it is wrong.

Click through to the individual coin and you can see the updated data. 

Probably futures.  

Garzik tweeted that the second distribution would happen by 24 Jan.  Have they been distributed? 

Have you switched to almond milk in your chai latte?

It’s the first week back in January you pack of pussies.  Oh no ! My coins are worth what they were worth 20 days ago!

Why don’t you have a look at what happened to Ripple, pretender to the throne?  Have a look at the scaling problems that Ethereum has, much worse than BTC.  For shits and giggles, have a go at synching the entire Ethereum blockchain and see how far you get.   Or maybe try creating a smart contract in Cardano and see what happens.

When the tide goes out, and it will, all these other pretenders will be naked. 

Well this is a shame.


https://www.cnbc.com/2018/01/08/fund-managers-say-bitcoin-etf-proposals-withdrawn-due-to-sec-concern.html

Pack of ingrates.  Make me do my own dirty work.

Is there anyone here who can read charts?

If so can they tell me what happened on January 9, 2017?

And can they tell me what happened on January 10, 2017?

If it was easy anyone could do it, and there would be no profit in it.  

Bitcoin will be no harder than a TV remote 10 years from now. Point and shoot. 

Just assume everyone is full of shit and shilling their book and you will do fine. 

McAfee is a celebrity. If his account was hacked, Twitter would fix it in 10 minutes.

That’s just McAfee doing his thing, denying responsibility for his own actions.  More whale games.

Look at the 1 month chart for Dogecoin.  As usual, McAfee tweets when he is ready to dump.

Hahaha that’s hilarious.  CMC needs to a bit more careful.  I assume the drop in Bcash is the same effect.  That’s really quite damaging to the Bcash shills, especially as they rely on a less technically sophisticated audience.

It’s a hardware issue. Software can’t fix hardware issues.   It’s also overblown if you are already following good security procedures like a paranoid holder.

1.  At the time of this post its 5.57 am on Monday in New York on the first real work week back from Christmas.  We know that the price drops during holiday periods.   This dip can be seen as the bears’ last blow off before life returns to normal.  

2.  We know that Bitcoin will most probably be listed for an ETF in coming months. The whales know it too. They have been trying to shake down the hodlers all Xmas break.  Their efforts have been fairly dismal.  When the ETF is announced (or rumored) the price will go vertical and Bitcoin will claw back its dominance as the alts quagmire sinks.  To me it is obvious this is a short lived dip.  Like I said, I am a bull.  

3.  I live my life in containers.  This forum is part of my Bitcoin box.  It is not allowed to touch the other boxes.  In 2014 I put was I was prepared to lose into the Bitcoin box.  Since then I have not put any more money in.  The box is mostly full Bitcoin but is allowed to sell some small amounts for pullbacks.  When I talk about being long, it is because my Bitcoin trading box is out of fiat.

4.  In the event of a major price drop, I might consider taking some money from other parts of my life (other boxes) and putting it into Bitcoin.  Not a drop to $8k which I would consider fairly minor, but a drop to $3k would get my attention.   I have been successful since 2014 and so what I am prepared to lose would be bigger, but it take a lot to let the boxes touch - it would need to be a life changing event.

In summary I think the confusion lies from us using our terminology in two different senses.  

I would find that terrifying.  But you would do very well with the penny screamers.  It’s very different from trading BTC  and has required me to unlearn everything I know. 

If you sell on the way up, you won’t have anything left when BTC hits $1 million.  Don’t be that guy.

Bcash is down to 0.158.  They will get eroded on the next BTC pump, as early as this week.

I am currently 100% BTC on my BTC / USD account.  I will start selling down again as we hit $16k, to a low of 98% BTC.  Yes I am a hard bull because anyone not on the train when it leaves the station will be left behind.   Again.

I have Tether and Alts in my Alts account.  But that is firewalled from the BTC account and they don’t mix, other than taking profits in BTC which is a one way process. Those funds never come back to the Alts account.

Edit:  first sell at $15900 so no longer 100%....  

The problem from my perspective is that the weekend dip grossly underperformed. I was targeting buying back lower.  This is a strong bullish signal for the week ahead.