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Isn't it worth it to diversify amongst these asset classes?
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The shills continue to still buy Bitcoin - what hypocrites.
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This week Sweden and South Africa. Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week.  |
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For consistency;
For the adults:
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth over $300 billion USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold)
Good to hear people are finding this thread helpful. Please comment. |
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Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide. Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it. Those trying to undermine and manipulate bitcoin stem from the central bank system around the world; -the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity -the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade Above are just small examples. First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old. Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it required a central 3rd party to function, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold) Extra graphics to indicate the worldwide impact on the emergence of bitcoin in its infancy today: Chart of performance of assets from Xmas 2014 to Dec 1. 2017 (in USD terms): Bitcoin/USD S&P 500 Stocks Real Estate (REITs) Gold Bonds  Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week. |
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Is its popularity waning? Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week. Those trying to undermine and manipulate bitcoin stem from the central bank system around the world; -the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity -the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade and/or sustain short-term spam attacks. Above are just small examples. First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old. Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it required a central 3rd party to function, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold) Extra graphics to indicate the worldwide impact on the emergence of bitcoin in its infancy today: Chart of performance of assets from Xmas 2014 to Dec 1. 2017 (in USD terms): Bitcoin/USD S&P 500 Stocks Real Estate (REITs) Gold Bonds |
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Look at it with clear and open eyes.
We now have people in here paying 60-88USD transaction fees, and are still not sure to get the transactions confirmed.
This is because the miners now know that the collapse is close. Therefore for them to make as much money as possible the fees become extremely high. They win on this two times:
Partly because the BTC investors have to pay astronomical fees
Partly - and more importantly - all the small BTC investors simply cannot pay these fees without losing their whole investment.
Small BTC investors are therefore now becoming "locked" and cannot get out while the miners try to get their profits up as much as possible before the collapse.
Think about it - if the miners truly believed this would continue, they would not destroy the system by increasing fees so much. But they know the collapse is coming, and are now cashing out while trapping the smaller investors.
GTHO
Go ahead, sell all your bitcoins to the rest of us and get out. You can run to any one of hundreds of altcoins. If you looked with clear open eyes, you'd see this is a short-term issue due to protection against short-term spam attacks against the network. Please educate yourself and understand bitcoin's network is under attack by very well-funded institutions/exchanges via spam attacks. Bitcoin has been under attack almost all of 2017 and has done fine because it is very expensive to sustain any long-term attacks thus these attacks are always short-term. The higher the fees, the less longer an attack can be sustained. The fees will go down drastically with the use of cross-chain lightning network-like implementations - hopefully there will be a couple of competing open-source implementations of these by this time next year. Those trying to undermine and manipulate bitcoin stem from the central bank system around the world; -the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity -the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (DCG: they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade Above are just small examples. First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old. Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it required a central 3rd party to function, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold) Extra graphics to indicate the worldwide impact on the emergence of bitcoin in its infancy today: Chart of performance of assets from Xmas 2014 to Dec 1. 2017 (in USD terms): Bitcoin/USD S&P 500 Stocks Real Estate (REITs) Gold Bonds Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week. |
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Ahem, and these altcoins, are essentially 'forks', mainly scamcoins - really, as time goes on, they will be lost in the sea of altcoins. Why? Simple: with each derivative fork the new altcoin makes itself much weaker in ALL of these ways: -less hashing power than the real Bitcoin network. Thus new scamcoin will be less secure. -less open, global development of protocol codebase than real Bitcoin. Thus new scamcoin slow to innovate and be more vulnerable. -less (true) independent full nodes on the network than real Bitcoin. New scamcoin more susceptible to attacks on protocol and hijacking. -more concentration of coins to fewer individuals than the real Bitcoin network. Thus new scamcoin becomes more unfair with time. -more geographic concentration of mining than the real Bitcoin network. Thus the new scamcoin will have more points of failure. -more hardforks demonstrate all these points moreso with each iteration to global public. Thus new scamcoins lose value vs Bitcoin every year. -is just another altcoin Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If its development wasn't decentralized around the world, there would be no value If there was central "leaders" or foundation for the coin, there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. To anyone curious, this is how bitcoin has faired even with the many hundred of altcoin forks from its open source standard it set; Chart of performance of assets from Xmas 2014 to Dec 1. 2017 (in USD terms): Bitcoin/USD S&P 500 Stocks Real Estate (REITs) Gold Bonds Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week. |
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Those trying to undermine and manipulate bitcoin stem from the central bank system around the world; -the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity -the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) to undermine and break the bitcoin protocol and/or manipulate trade Above are just small examples. First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old. Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it required a central 3rd party to function, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold) Extra graphics to indicate the worldwide impact on the emergence of bitcoin in its infancy today: Chart of performance of assets from Xmas 2014 to Dec 1. 2017 (in USD terms): Bitcoin/USD S&P 500 Stocks Real Estate (REITs) Gold Bonds Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week. |
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Great discussion here. First, educate yourself and then others. Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled. Bitcoin has become the ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it required a central 3rd party to function, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth hundreds of billions USD today. Altcoins however generally are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold) OPEN AND FREE TRADE IS POPULAR AMONGST ALL THE WORLD'S PEOPLES: Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week. |
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We donate to the poor all the time every year. Always set aside a good amount of your paycheck for this, it is important to give back in your community.Educating those who are not better off on bitcoin would be a great service too. First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old. Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it required a central 3rd party to function, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold) Extra graphics to indicate the worldwide impact on the emergence of bitcoin in its infancy today: Chart of performance of assets from Xmas 2014 to Dec 1. 2017 (in USD terms): Bitcoin/USD S&P 500 Stocks Real Estate (REITs) Gold Bonds Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week.
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For more than FOUR YEARS banks have failed at stopping bitcoin despite banning bitcoin-related transactions. Big banks worldwide ensure training at teller level was made to stop any transaction mentioned to be bitcoin related ever since 2013. Four years and it did nothing to stop bitcoin adoption. People simply adjusted and would do their bank transaction without ever saying the word "bitcoin". Bitcoin cannot be banned and it cannot be controlled. First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old. Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it required a central 3rd party to function, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold) Extra graphics to indicate the worldwide impact on the emergence of bitcoin in its infancy today: Chart of performance of assets from Xmas 2014 to Dec 1. 2017 (in USD terms): Bitcoin/USD S&P 500 Stocks Real Estate (REITs) Gold Bonds Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week. |
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"Blockchain" by itself is just another worthless simple database. "Bitcoin's Blockchain" has near infinite value due to its security, trustless nature, opensource code, distributed hash, immutability, and its highcost of spam attacks First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old. Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it required a central 3rd party to function, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold) Extra graphics to indicate the worldwide impact on the emergence of bitcoin in its infancy today: Chart of performance of assets from Xmas 2014 to Dec 1. 2017 (in USD terms): Bitcoin/USD S&P 500 Stocks Real Estate (REITs) Gold Bonds Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week. |
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First, educate yourself and then others. Best source of Bitcoin is using your savings and then buying bitcoin directly from somebody. And have a real, normal job, and set aside 20% of your paycheck to buy bitcoin every paycheck period. Otherwise, overtime, you are making yourself poorer compared to the rest of the world. Chart of performance of assets from Xmas 2014 to Dec 1. 2017 (in USD terms): Bitcoin/USD S&P 500 Stocks Real Estate (REITs) Gold Bonds Here are weekly peer-to-peer localbitcoins cash trade data for two random countries as time goes on. Right-most area is the most recent past week. Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it required a central 3rd party to function, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold) |
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Do incentives play into any of this?
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Why does Trustless and Decentralized work? How is such a thing Secure?
What is good about being Trustless?
Why does that help Decentralization?
How does this make anything Secure?
Anyone want to help with comments on these questions? |
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Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If its development wasn't decentralized around the world, there would be no value
If there was central "leaders" or foundation for the coin, there would be no value
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system.
Ahem, and these altcoins, are essentially 'forks', mainly scamcoins - really, as time goes on, they will be lost in the sea of altcoins. Why?
Simple: with each derivative fork the new altcoin makes itself much weaker in ALL of these ways:
-less hashing power than the real Bitcoin network. Thus new scamcoin will be less secure.
-less open, global development of protocol codebase than real Bitcoin. Thus new scamcoin slow to innovate and be more vulnerable.
-less (true) independent full nodes on the network than real Bitcoin. New scamcoin more susceptible to attacks on protocol and hijacking.
-more concentration of coins to fewer individuals than the real Bitcoin network. Thus new scamcoin becomes more unfair with time.
-more geographic concentration of mining than the real Bitcoin network. Thus the new scamcoin will have more points of failure.
-more hardforks demonstrate all these points moreso with each iteration to global public. Thus new scamcoins lose value vs Bitcoin every year.
-is just another altcoin
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Another jackpot with milestones at 19kUSD, 24kCAD and 2.2mJPY.
Not bad for a day with a red daily candle.
Go Bitcoin go.
=) Saw this re:intraday which i found interesting: For those keeping track, this is how long it has taken the cryptocurrency to cross the key psychological levels: $0000 - $1000: 1789 days $1000- $2000: 1271 days $2000- $3000: 23 days $3000- $4000: 62 days $4000- $5000: 61 days $5000- $6000: 8 days $6000- $7000: 13 days $7000- $8000: 14 days $8000- $9000: 9 days $9000-$10000: 2 days $10000-$11000: 1 day $11000-$12000: 6 days $12000-$13000: 17 hours $13000-$14000: 4 hours $14000-$15000: 10 hours $15000-$16000: 5 hours $16000-$17000: 2 hours $17000-$18000: 10 minutes $18000-$19000: 3 minutes source: http://www.zerohedge.com/news/2017-12-07/bitcoin-blasts-through-15000?page=18 |
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With Direxion, people are probably going to get rekt with some inverse (bear) 3x (leverage) BTC fund though. Probably going to break record for a listed ETF going to zero (or splitting).  Also, it takes a while for crowds used to buy-low-sell-high and pump-and-dump in CB dominated inflationary world to figure out that with deflationary currency, it's all pump-and-pump and sell-high-and-buyback-even-higher as people hoard it to oblivion. Direxion 3x BTC bullish and inverse funds would be fun. LOL. For those keeping track, this is how long it has taken the cryptocurrency to cross the key psychological levels: $0000 - $1000: 1789 days $1000- $2000: 1271 days $2000- $3000: 23 days $3000- $4000: 62 days $4000- $5000: 61 days $5000- $6000: 8 days $6000- $7000: 13 days $7000- $8000: 14 days $8000- $9000: 9 days $9000-$10000: 2 days $10000-$11000: 1 day $11000-$12000: 6 days $12000-$13000: 17 hours $13000-$14000: 4 hours $14000-$15000: 10 hours $15000-$16000: 5 hours $16000-$17000: 2 hours $17000-$18000: 10 minutes $18000-$19000: 3 minutes source: http://www.zerohedge.com/news/2017-12-07/bitcoin-blasts-through-15000?page=18 |
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it seems traditional financial institutions aim to acheive status of being trusted, however Bitcoin appears to be opposite and operates on being trustless.
Why? and what's the difference?
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