Bought gold for the first time...
Man this thing moves in matrix bullet mode compared to bitcoin, I've developed ADHD
What goodie did you get? Just passing some time on etoro waiting for tomorrow, not wasting money on gold per se XD Maybe gold will move 0.00005% by tomorrow |
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I no longer know what to make of news stories, which ones are bull crap and which are true This ones looks quite true - the CEO of a big bank for once is not giving crap to BC, infact, seems to hint there at the possibility it might be the future https://twitter.com/lloydblankfein/status/915277671831044098 |
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Bought gold for the first time...
Man this thing moves in matrix bullet mode compared to bitcoin, I've developed ADHD
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From the last drop, it seemed that sales literally ran out of steam near 3k...
I don't think it makes sense to drop and if it does, it will probably bounce back up. MtGox was a huge shock to BC and we don't have that right now - although SW2X means that core developers can be easily duped (taken over) by someone with enough power, it still isn't over I guess.
My guess is market bouncing between 4 and 4.5k until upgrade, then we will see
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My apocalypse theory on how Segwit2x will go (but fingers crossed I am wrong) - it starts, all miners are on 2x but nobody cares, miners start panicing - Whale wobbles around and decides to send the money to whale n.2. The whale fucks up and sends money to segwit2x. All of a sudden SW2x will be worth >1bn. The whale notices it lost 3/5 of the money on the process. - The whale will contact Forbes, which will make a long and painful article on how bitcoin is unreliable and shit, as they always said - Bitcoin drops 60% <Add MTGox bearish market for n years> |
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But this has the smell of another false flag. I'm sure more anti-gun rhetoric will be spewing from the far left in short order.
no other country has so many people run amok or accidents with weapons. I don't know another country where 3 year old children kill other 3 year old kids with guns. this is no false flag, this is sad reality. more weapons -> more innocent dead people Ever heard of Switzerland? US has too many social conflicts. The government likes to keep it that way I think, less unity is better governance. People go crazy in certain environments, nothing to do with weapons |
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Market dominance of BC has gone up to almost 50% against the usual 47.something%
I suspect many altcoiners are riding the wave and will dump at the earliest occasion, so wouldn't surprise me if we reach 5k and then we go back to 4.5k again in a short time until other alts (eth) catch up
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For a bitcoin to become $1million worth, do you know how much money has to flood into the market? There's not enough money in the world for that to happen. Unless the gov't around world pumps out paper money at incredible amount, and you all know what happens, right
Tldr; It's a pure fiction that a bitcoin will cost $1million. Not gonna happen. Never. Nada.
That is not true actually... Only if you count derivatives, you get 630 trillions, which divided by 23 Mln would mean 27mln per bitcoins. In any case, the value of the money in the world is 63 tn, which, if it was all going to BC, would make it worth 3.6 Mln. So, if BC manages to get just a 25% of money market could be worth 1Mn. If on the other hand we can steal all the gold market, it would make each BC valued at 350k. So... 1Mn is possible, alas quite hard Source: http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/$630 Trillions of derivatives are not WORTH $630 Trillions. Th that's just a number on a paper. I can issue you a note with $630 Trillion written on it, but is it really worth $630 Trillions? Nobody in his right mind would think it is. For a bitcoin to be worth $1 million, the total market cap has to be $210,000,000,000,000. Now you tell me where are all these money going to come from? You have 1 too many zeroes there. It's 21,000,000,000,000. The market cap of gold is over a third of that. But you can't readily send gold around the internet to buy things or to send money to people. Bitcoin is like gold in that it has pros as gold (store of value, hedge against bad economic times and inflation) but can be used to buy things or send money to people quickly and cheaply, which makes bitcoin much much more useful than gold as a commodity. So bitcoin one day having a market cap triple that of gold is certainly possible. Indeed.... I stand corrected (but also talks cheap  ) I see gold losing ground if bitcoin becomes more 'regulated', though not sure to which degree. I really think nobody wants to deal with gold if they can, it is seriously a pain. All in all, if BC takes a good chunk of gold and a good chunk of currencies space, and a good chunk of stocks trading (really that is the way it is moving, alas less in the currency space) 1Mn is not impossible (but unlikely in my lifespan I think) |
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For a bitcoin to become $1million worth, do you know how much money has to flood into the market? There's not enough money in the world for that to happen. Unless the gov't around world pumps out paper money at incredible amount, and you all know what happens, right
Tldr; It's a pure fiction that a bitcoin will cost $1million. Not gonna happen. Never. Nada.
That is not true actually... Only if you count derivatives, you get 630 trillions, which divided by 23 Mln would mean 27mln per bitcoins. In any case, the value of the money in the world is 63 tn, which, if it was all going to BC, would make it worth 3.6 Mln. So, if BC manages to get just a 25% of money market could be worth 1Mn. If on the other hand we can steal all the gold market, it would make each BC valued at 350k. So... 1Mn is possible, alas quite hard Source: http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ |
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I think what many don't realize is the growth after we get to 10k (and I guess we all agree we'll get there, eventually).
Right now, say at 3500, a 1% raise meant 35$
Now, let's assume we get to 10000 - every 1% growth is 100 - so a simple 10% growth (which is something quite normal for BC) would mean a 1k growth.
It will increase exponentially so...
Either the growth will decrease, giving us growths of 0.<n> or, I think more possible, when BC will get to 10k people from all over the place will jump on it, giving us even bigger growths.
So, what I am trying to say is that to get from 10k to 100k is much less trouble than getting from 1$ to 100$
That doesn't mean the thing won't blow up before, but if it really becomes that popular and steal gold market (which is really horrible to keep and sell)... I don't see any reason why it wouldn't reach 500k
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Sounds like FUD to me, doubt anybody is working there on a Sunday
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What will be the name of the SW2x coin?
B2X. You can name it whatever you like. Doesn't matter! There will be hundreds of Bitcoin forks in future and all they'll give you free money drops. Take them and convert into bitcoins! Ah, feel much better. I was thinking there was going to be a contention on the bitcoin name (as I understand also some 'core' devs are leaving for b2x) - in this case it is obvious which one is the 'altcoin'! Thanks for clarifying! |
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But what about SW2x?
I still don't understand... It is very confusing
- Will there be another money drop like BCGold and BCcash with the SW2x split?
- Who will own the original name? What will be the name of the SW2x coin?
Meh I just don't get it, maybe I am just too noob, but can't find info on that, and lack of info will drive the price down
there will only ever be one bitcoin core development team and they are currently based out of New York.  lol n00bs!! But... you just told me I am a n00b without answering any of my questions  |
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But what about SW2x?
I still don't understand... It is very confusing
- Will there be another money drop like BCGold and BCcash with the SW2x split?
- Who will own the original name? What will be the name of the SW2x coin?
Meh I just don't get it, maybe I am just too noob, but can't find info on that, and lack of info will drive the price down
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I think the china news would have been enough to kill for a while any global companies... But BC did not go below 3k.
It simply means to me that there is not enough people willing to sell below 3k, and as the time passes we can expect this threshold to increase slowly
This is my completely uninformed and unreliable opinion
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Plenty of corpses on Tradingview calling a bear market... You only forgot to add the bubble chart, so being the nice person I am, I did that for you  |
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I think Segwit2x has majority 90-95% of hashpower. It will be solved very quickly :-)
and 0% of full node to keep or accept the 2Mb Block size ...  Miners can not force node to "change" of software. Why do you think, there will be not full nodes with Segwit2X ? It is few lines of code to change limit from 1MB to 2 MB - It's not 1MB to 2MB. It's more like ~4MB to ~8MB.
- You have to know WHICH lines of code need changing, and change them right. And figure out the technical consequences. The developer(s?) on the 2x Team don't seem to be able to tell the keyboard from the screen. And the team don't seem to care much about censorship resistance, either.
- Node operators, besides trusting the 2x Team to do the right thing technically, must be WANTING to take that step. I, for one, am not.
But I see you're a legendary member, so you know all this. You trollin' me, man? I'm not trolling you. I'm software developer with 20 years of experience. I'm writing code for the banks and I can guarantate you, I can add few lines of code and bitcoin core will be supporting Segwit2x within 1 hour. When I wrote "You have to know WHICH lines of code... bla bla...", I didn't mean YOU-Odalv. I meant YOU-developer-for-2x-Team (which I assume you aren't), and those developer(s?) (more than one? Really?) don't seem to be terribly skilled, according to the few who were able to peek into their github mess before they made it private. So nothing personal with you. BTW, 20 years developing for banks doesn't necessarily mean anything. Many banks still have their old dinosaur system written in Cobol. No, not your banks. OK. From your words, I suppose you must use more recent programming languages, such as C++, so you are indeed able to tweak bitcoind, allright. Whatever. However, Mr. Average Bitcoiner doesn't really agree much with the politics and rationale of the 2x fork. He's afraid of China. He's afraid of censorship from his own government. He's afraid he won't be able to run a node any longer because of bandwidth and memory requirements. He likes his SegWit, he waits for the Lightning Network to see what it can deliver. But let us assume Mr. Average Bitcoiner agrees with 2x. He doesn't care about censorship or centralization. He hates SW. For some very good reason, he hopes LN fails miserably. Whatever. Do you think Mr. A.B. will be so eager to install node software signed by Odalv - even with all these slightly unlikely assumptions? Haven't looked at the SW2x code, but if Odalv was really working in a bank, he would know pushing code in a bank means n days development, UAT, business test, documentation, release management, business acceptance and blah blah. Defo not a 2hr work - I would say months - and from what I've read documentation and transparency are lacking a bit in the 2x code |
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....Maybe markets are betting China will not close?
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BC has gone berserk for no reason whatsoever, and what is killing me is that I must resist looking at blockfolio as I think it is bad luck
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You are like... advertising lambrettas sale on a harley davidson forum dude
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