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Someone, ehhem, seriously doesn't seem to like the idea of $10K+ bitcoin.
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price looks quite fucked now
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I agree it is the first most simplistic, and it's quite hard for it to deviate from its original consensus plan - a store of value, peer-to-peer electronic cash system that has an in-built decentralised transaction history with high-tech-class security. Nothing more should be expected from it, other than for a scaling function to accommodate mainstream usage; because, I think that's the only thing the developers didn't factor in during the early development phase. But for stability and predictability only a centralised system can achieve such regulatory benchmark.
I think that the development of bitcoin shows genius in software development, but not so much genius in financial implementation. Bitcoin is innovative and complex in the software perspective, but it is childish and silly in financial perspective. Modern economy needs a lot more then bitcoin is able to offer as an practical tool. The system will always be centralized around something. The software development of bitcoin is centralized around specific people, and the financial markets of bitcoin are centralized around specific organizations and people. As long as there are people, there will always be natural centralization of systems around people who can do things that most others can't. This is not something that should be fought by itself. honestly, what the fuck are you going on about anyways, and why? |
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Bolded text is what I am indeed seeing in this whole crypto crazy world. People who had no idea about what a bitcoin is, suddenly become expert traders who can distinguish between a good and a bad crypto coin. I've seen people losing their savings to gamble on tokens, coins and ICOs.
I'm on the train but a part of me is feeling a bit(coin) train sick. And by the way, thanks for the energy consumption insights
The ugliest truth of bitcoin is that it just isn't useful in any legal fields. Sure it's useful in black markets, but this usefulness is a ticking time bomb before laws will end this. Greed is represented here by the notion that very little people actually seem to care about this. Everyone are solely concentrated on how much higher they want to sell their bitcoins and practical usefulness is rarely asked. Most know a lot about the price of bitcoin, in the same time knowing nothing about the value of bitcoin. Promises of easy riches will always attract the worst among people. Those who are greedy enough to desire wealth, but who are lazy and stupid enough not to actually be able acquire it. These are the people who have strong desire for wealth, while knowing that they won't ever be able to achieve it in a productive way. They are the ones who are capable in selling their grandmother for bigger gains, because they know that they probably won't get many chances in life. My guess is that this ugly phase of the crypto world will eventually end together with bitcoin. Total crash of bitcoin would finally disillusion people from finding easy shortcuts to riches here. Only those would remain who are able to work with this market more, then with a "buy low, sell high" routine. The rest will run off to new motivational classes and marketing schemes to find new shortcuts for easy riches. I have faith in the cryptoasset market in general, but it has to mature quicker or else it will create a big mess. Looks like we have a communist. I'm a pure blooded capitalist, but with things like ethics, conscience and a sober mind. Bitcoin has little to do with the idea of capitalism, where efficiency is an important pillar. One of the most important dreams of a typical bitcoiner is wealth re-distribution. They dream that bitcoin will eventually replace central banking, putting them into position of wealth and power, so they can sit on their ass for the rest of their life, while the deflationary value of their currency will even make them richer while they're doing the sitting. To me, this reminds me the illusions that the Bolsheviks had. Talking about vanquishing the evil rich, but only thinking about re-distribution of wealth from other pockets to own pockets. Without actually thinking about the practical issues involved in running a country and drowning in the illusions of personal worth instead. As you can see, I'm not even a fan of communists.. another wordy communist... |
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Humpty Dumpty sat on the wall. Humpty Dumpty had a great fall. All the king's horses and all the king's men. Couldn't put Humpty together again.  big deal |
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Never thought I'd be able to knock the books down hundreds of dollars with my measly stash. Sure, they're Canadian dollars, but still. Shit is grim.
Are you out? Partially? And... MARKET order?!?! No sir, but I'm preparing myself mentally. I believe I've become too emotionally attached to my investment. And I don't think we'll see $12k this year. 100% agreed. I think major shakeout coming up, unfortunately. Hopefully its for the best. |
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Next stop 8.9k
Don't forget to defend the kebab Still defending every day against serbs. Are you saying Serbs don't like kebab? |
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Next stop 8.9k
Don't forget to defend the kebab |
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... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also
it'll be cathartic if we dive that low ... like a whale diving to get rid of all the parasites ... btc has sure built up it's fair share of those during this last run ... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere
 Quoted for comedic relief.... hahahahahahahaha When I first read MOA's post, I thought the same thing, but since generally speaking, MOA is a very reasonable poster, I thought that it was not a problem to leave him to get away with a few exaggerations here or there - outside scenarios or otherwise "bullshit", as you tagged such propositions. My view is that breaking below $10k will cause a pretty decent chance for $9,300; however, there is still going to be decent sized buying support at each $1,000 level - including $8k and $7k that must be broken through before getting anywhere near anything approaching inevitable lower price points.... I do think that if we do happen to get below, about $6,666 (chosen for additional comedic effect), then at that point $5k and even spiking down to $3k has a decent chance - yet on the other hand, if it takes us a few months before we are even able to get down to $6,666, then at that point, $6k would become a very likely double bottom... and we's not be going below dat... without a really BIG ASS battle. I think sub $10,000 is obviously possible. All the way down to $2,500 though? Near impossible for me buddy, too many people would be having a feast on coins valued at around $4000 - $5000. I'm still waiting for the double digits I was promised here back in 2014. Is 2018 the year? $2500 probably not - - - $4000 .....maybe |
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I disagree. I love pens. Look at this one: The Lighthouse of Alexandria by Pelikan You know today is gonna be exciting. When The Wall starts talking about pens. I'm excited. 4 Are they available at penisland.com ?  (actual website that sold pens, aka "Pen Island") Yeah. Have fun in Penisland. |
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BCash and BGold:  Roger pumping his shitcoin again? yuck The timing is no surprise |
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At least this is flushing out the stupid altcoins. Bye bye alts, come back to Bitcoin.
Why would anyone come back to Bitcoin...? So we can wake up tomorrow to $50 fees because one group of miners can manipulate the fee market that much. I'm sure the trash alt markets (which are most) will be flushed, but the "real" alt markets are still strong and will continue to grow stronger during this shit show. Bitcoin needs to scale to at least make it more costly and more risky for those who want to spam pool for profit. I'm getting all types of calls "Why is Bitcoin going down?"... I just remind them that $50 fees are NOT the future and this is the markets slow reaction to the shit we dealt with in December 2017. shitcoin promoter |
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That godamn Lambo just slipped thru my fingers
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No dead cat bounces, no bull traps... wtf?!
just a fucking steady controlled demolition.
Where is that goddamn bottom? Push me too far and I WILL buy more.
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“Following the ad ban by Facebook, China banned advertising cryptocurrencies as well. Japan has forced local exchanges to warn about risks of cryptocurrency trading. While India announced the toughening of the regulation of the cryptocurrency market. Bitcoin can rebound, but on the upside investors will sell it in the short term,” https://www.rt.com/business/417677-cryptocurrency-market-fall-india/ |
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farewell, adieu, to yeu and yeu and yeu...
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What is your plan for wiping out the Jews? Try another Hitler?
There's a Black Mirror episode about this. (spoiler alert) They give the military a brain implant to make the race of people with weaker genetics unknowingly look like zombies. If you actually read my post, it has nothing to do with genetics, but the fact Judaism is really nothing more than an evil cult based on slavery. But it's similar in that they are committing genocide like hitler. I think weak genetics was one of hitler's pitches. If you wanted to get the military to commit genocide, this is how you would do it. If the whole many worlds theory of quantum mechanics interpretation is correct, then we live in a slice of universe where the equivalent of the Charles Manson cult was never arrested and went on to take over the world, except instead of the Manson cult, this evil cult is known as Jews. cucks will be cucks... que sera, sera. |
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What the fuck ever...
Pretty classic double-bottom really
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They have an alternate scenario for debt... they'll say the current system is problematic and needs a "reset". During this "reset", a large portion of the debt will get erased, as long as citizens and countries accept a new global monetary system... the new monetary system will be a totally electronic one (centralized) so that everyone gets under a system of total surveillance and control, where cash doesn't even exist.
That scheme already failed and is obviously NOT going to happen. China and Russia refused to go along with it. You do know after Bretton Woods they had international agreements that individual countries cannot go into the gold market and just buy it up in bulk or monetize metals, yet that's exactly what Russia and China have been doing. Why do you think Russia is demonized? After 2008, the Russians and Chinese took off sprinting away from Bretton Woods and gave them the middle finger. They are not buying up all those metals for no reason. Why do you think Trump constantly makes references to Andrew Jackson? Why do you think Trump's twitter says not once, but NUMEROUS times:  The Wolfowitz doctrine was a total failure (which is good) and you now live in a multi-polar world. Who is Exter and why did he build a pyramid? |
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But give us a good explain
 That is funny! Btw, lets raise fees higher! lol |
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