Fiat is good too.
Fiat is good, but Rolls-Royce is better! Fiat also doesn't drop 20% while you're asleep. Fucking 24hr market is killing me. well my €uros DID drop 17% the last three days.  Hahaha... Exactly! |
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Fiat is good too.
Fiat is good, but Rolls-Royce is better! Fiat also doesn't drop 20% while you're asleep. Fucking 24hr market is killing me. If you can't handle the stress then bitcoin is not for you. Or just decrease your bitcoin exposure to the level that you can live with. |
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Could anyone ELI5 why ETH is valuable and deserve to be 50% of bitcoins value?
Because banks want it be that way. They can even make it 200% of bitcoins value or much more. They don't have any problem with that. Until dollars and euros they print become entirely worthless. But why not bitcoin? Because they can't own the Bitcoin network. Banks never pump money into something if they don't own it. People behind centralized coins with unlimited supply like ETHf and XRP can easily be bought by banks. |
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altcoins have grown much more than bitcoin in the last 3months.  That just confirms my theory. A lot of people have sold out their bitcoins in the last 3 months expecting some meaningful price correction that never happened. Wait, are you implicitly saying something like: "They made a big mistake, they sold BTC for altcoins which gave them greater profits."? Wait, what I'm saying is that sometimes you have luck even if you make a mistake, But you can't always have luck all the time you make mistakes! |
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Fiat is good too.
Fiat is good, but Rolls-Royce is better! |
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altcoins have grown much more than bitcoin in the last 3months. That just confirms my theory. A lot of people have sold out their bitcoins in the last 3 months expecting some meaningful price correction that never happened. |
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Ok there is a 100$ correction coming up in the next hours and I'm shorting that  Then buying even more and road all high to 3k! Another altcoin lover is born. Better plan earlier what altcoin will you buy with the fiat you've just got? Wut? Not. I buy more btc with the profit. That's what is so cool, you get profit because btc goes up on average AND you can buy the btc let by people who made the wrong bets. Not gonna buy altcoins, I don't know whit about altcoins :/ What will you do with your fiat if correction you're expecting never happens? At what price level will you accept you've made a mistake? |
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Ok there is a 100$ correction coming up in the next hours and I'm shorting that Then buying even more and road all high to 3k! Another altcoin lover is born. Better plan earlier what altcoin will you buy with the fiat you've just got? |
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Could anyone ELI5 why ETH is valuable and deserve to be 50% of bitcoins value?
Because banks want it be that way. They can even make it 200% of bitcoins value or much more. They don't have any problem with that. Until dollars and euros they print become entirely worthless. |
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It really seems like a bot is constantly buying, like with Mt Gox. But I wonder if that is the case, or it is just general buying pressure from new investors.
It is not a bot and certainly is not a bubble! Bitcoin exchanges can't cope with the number of requests for new registrations by average Joe and Mary just entering cryptoland and buying their first Bitcoin. The avalanche of Bitcoin adoption has just started. It will take years until it settles down. Edit: Yes, you can say that some exchanges are front running but this is only because they are the first to see organic demand picking up. |
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Being rich in btc is great but taking a slight bit of the profit you make and put it in dollars can't hurt anyone A lot of people did that and are already hurt. This is why I take a slight bit of the profit I make and put it in bitcoins. If you want to diversify your bitcoin holdings put part of it in gold or silver! Putting it in dollars is stupid. |
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Imagine when the alts crash and that money come to btc. We'd already be at $5k
What would make the alts crash? I can't see it myself. Well, this is what I see. A lot of people are psychologically unstable when they see new ATH for bitcoin. They can't resist and sell part of or all of their bitcoins in anticipation of the "imminent and unavoidable" correction. But correction doesn't happen or is too shallow. Bitcoin keeps breaking new ATHs. People hate to recognize their mistakes and buy back at higher price. They can't handle the fact that they'll end up with less bitcoins. They also can't look at their fiat dumb holdings depreciate every day. This is why they throw all of it into some alt of their choice hoping that some day they'll sell it and recoup their bitcoin. This is all the "logic" behind alt boom. Of course, there are some players with different agenda that are riding this wave. You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we? Some of us actually are here for the Bitcoin, because we think Bitcoin is better money than dollar or euro. |
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Imagine when the alts crash and that money come to btc. We'd already be at $5k
What would make the alts crash? I can't see it myself. Well, this is what I see. A lot of people are psychologically unstable when they see new ATH for bitcoin. They can't resist and sell part of or all of their bitcoins in anticipation of the "imminent and unavoidable" correction. But correction doesn't happen or is too shallow. Bitcoin keeps breaking new ATHs. People hate to recognize their mistakes and buy back at higher price. They can't handle the fact that they'll end up with less bitcoins. They also can't look at their fiat dumb holdings depreciate every day. This is why they throw all of it into some alt of their choice hoping that some day they'll sell it and recoup their bitcoin. This is all the "logic" behind alt boom. Of course, there are some players with different agenda that are riding this wave. |
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Does that mean that this announcement is NOT as bullish as anticipated. So what if all these folks agree, but if core does not agree, and they end up forking off with these terms, then we could have two forks.
Maybe this is not as bullish as we thought because core is not agreeing to lower the consensus threshold in this case, right?
You think that you can make an exception to lower the consensus threshold and then every time there is a dispute, there would be an attempt to use 80% as the new consensus threshold?
I suppose ultimately if this is a softfork rather than a hardfork, then it is not as big of a deal to have a consensus threshold that is lower than 95%.
I view it as slightly bullish. Parties seem to be slowly converging closer towards possible consensus. From my admittedly layman and non-technical perspective the 95% threshold makes sense. However 83% of the hashing power is getting much closer to 95% then we have been in the past. Perhaps now further discussions and compromises need to be made to get the last 12% and bitcoin core on board. The major exchanges would probably all follow at that point. That would be extremely bullish. 2mb upgrade is obvious...segwit still confusing to some! ===> stay tuned //$2500 approaching<<< Not at all. Block size limit should be lowered not increased. |
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And Barry Silbert said he invited several Core types but no one took him up on the offer.
People and companies willing to join big blocktard group are not so much! |
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Signed by few miners and many web wallets. LN will make web wallet business model obsolete. Almost all important bitcoin companies are missing. |
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This thread is looking more and more like a kindergarden. Is that the true quality of people that are now entering cryptoland?
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Ethereum is single token after bitcoin which is being used in real life
Really? Where? |
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Some serious shorts in chyna have capitulated, expect to see some dead bodies being wheeled out.
PBoC might be among them. |
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We've crashed today $2200. Are we going to crash tomorrow $2300?
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