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I would guess that LTC halving effects are already in the current price and I'm not expecting a big rise afterwards.
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I suspect any price gains for LTC in the mid term related to the halving are already baked in. Maybe we'll get a tiny bump at the halving but I expect more of a dump around that time.
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That was my take on it too. Wondering if anyone has a different POV now a few months later.
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What do you win ?
You win the avoidance of utter ruin attempting to time things. I'm pretty darned sure that had I arrived in Bitcoinland convinced I was a hero trader like so many people seem to I'd be left with fuck all by now. QFeffinT, ask me how I know this, lol. |
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This is the way I think about it, rough analogy...
Libra = Paypal 2.0
BTC = Gold
I think Libra will be fantastically liberating and empowering for billions of people, who can use it to make micro payments for their daily needs.
I think BTC will eventually be the worldwide reserve currency, that people turn to for keeping their capital safe. Note right now of course it is way too volatile for that, but I think that is the direction it will end up and I'm making my bets on it.
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Seems insane to me to start up mining with POS just around the corner. I sold my rigs a few months ago and that was long past when I probably should have. In fact, though I made a nice amount for the investment and it was fun to do, I probably would have been better off putting the cash I used for making the miners into just straight up purchasing eth and btc.
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I think what the move, if enacted, does is broadcast that Eth is fundamentally flawed. Even suggesting it should make everyone question Eth's long term viability. Hope I'm wrong on that, but the impression I have is that Vitalik is flailing and that is never good when leaders lack confidence in their own work. Another reason I think the proposed short term bandaid of using the bitcoin cash network is a very bad idea is that the second Eth does that then they lose first mover advantage, the coin becomes just another alt in a sea of alts. Just my opinion, I'm a huge Eth fan and truly think the tech behind it is the future, but if it's not managed correctly then we'll have Beta vs. VHS all over again.
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Keerist I gotta remind myself to stop checking the WO thread while at work.
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So had the email notice to check my quarterly 401k action and this time I actually looked at it. My YTD earnings is at 25.0% which is flat out amazing for a 401k. And then I looked at BTC for YTD and got 25.9%. BTC continues to beat the street.
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The next 24 seconds are critical for bitcoin.
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Those wacky Tether kids and their shenanigans. |
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Don't worry guys, we'll be back above $12k by Friday, because that's when my weekly auto-buy happens. Been missing the dips since 2017!
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Whoever came up with the saying "Markets Take The Stairs Up And The Elevator Down" deserves an sMerit. But he/she is probably long dead and would hate crypto anyway.  |
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These came across my feed just now, seems pretty clear the US is going with the 'threat to security' angle...
The current crop of excitement has primarily been a vehicle for the government to tell Facebook how much they fucking hate them over and over again. LOL, quite. Still, I think the use of loaded language is intentional. In my paranoid fantasy I will not be surprised if they start going after fiat gateways in the name of retail investor security, while still allowing full access to crypto markets by accredited financial institutions. Judging by the price action today, their words do seem to have an effect. |
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Trump is very love with US himself and when there was someone that he was thinking if that can disrupt the economy of US himself and they will give bad reaction for that. Trump was doing it for US himself.
FTFY |
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Vitalik's suggestion that Eth merge with Bitcoin Cash is not helping with clarity either.
But will this merger be just marketing related or will the blockchains be merged? Neither. My understanding is that running Ethereum on the Bitcoin Cash blockchain network is a short term bandaid to handle scaling to give more time to Vitalik and the team to come up with a true solution. If I understand that right (and that's a big if) then seems to me that this would dilute the brand at a very risky time and confuse an already cloudy space. I don't think it would be good for price, and since it is stated as a short term fix I don't think it would be good for the Ethereum network in general. There is also always the danger that this short term fix could become permanent, as they so often do and the long term scaling issue never truly goes away. |
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