Another thing, why do you think the network fees went nuts while the ATH was happening in 2017?
People were literally outbidding each other by paying more fees to send their coins faster to the exchanges so they could dump!
People were outbidding each other just to make ANY bitcoin transaction. The reason for high fees in 2017 were BCH crooks trying to clog bitcoin network and promote their point by sending hundreds of spam transactions to be included in every block. There are no spam transactions now because those same crooks need every bitcoin they mine now to support the price of Bitmain's corporate coin (aka Bcash). I don't deny that but I can't really say it was %100 Bitmain/Vermin Co. Still can't be sure though. Maybe they were %100... but then... why don't they do it now? Or why they didn't do it before the ATH? Maybe they wanted to combine their spam with the real demand to increase the effects. I still believe there were some real hardcore demand in 2017 for the on-chain transactions. I have already explained why. Another reason is to not induce accelerated development of the Lightning Network which actually is the Bitcoin killer app. |
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Another thing, why do you think the network fees went nuts while the ATH was happening in 2017?
People were literally outbidding each other by paying more fees to send their coins faster to the exchanges so they could dump!
People were outbidding each other just to make ANY bitcoin transaction. The reason for high fees in 2017 were BCH crooks trying to clog bitcoin network and promote their point by sending hundreds of spam transactions to be included in every block. There are no spam transactions now because those same crooks need every bitcoin they mine now to support the price of Bitmain's corporate coin (aka Bcash). |
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The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.
Of course, it CAN! The price of a $100 bill is $100 while production cost is just 17 cents! That's called seigniorage fee, which is a TAX. It's a TAX forced on you by the barrel of a gun. Nobody can force anyone to use Bitcoin to extract seigniorage fee because 'Bitcoin' has no fucking military or nuclear weapons. Unless you're claiming the US govt created Bitcoin and will attempt to make you use it by force. Even if that was the case, nobody gives a flying shit about ANYTHING govt says now. Nobody can force anyone to use Bitcoin to extract seigniorage fee. People are doing it voluntarily because fucking military or nuclear weapons are useless against Bitcoin! |
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The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.
Of course, it CAN! The price of a $100 bill is $100 while production cost is just 17 cents! |
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Or maybe no one will EVER understand what the fuck bitcoin actually is. Right, like that's really a private key underneath that scratcher? Pretty fucking lazy scam if you ask me. I don't think that they are complete morons. There must be an explanation that makes it something that can work, at least theoretically. Upon further check, there is a procedure, not sure how well it would work. First, passphrase is printed, then covered, then encrypted key unlocked by the passphrase is randomly generated at the second location. They claim that after wallet's private key (encrypted) is printed on the wallet, the data is destroyed (at their end). TL;DR they generate the passphrase and an encrypted private key in two different geographic locations, then apply both (together or in sequence?) to the wallet printout/etching. This is not new and it is not done the way it should be done! There is a secure cryptographic procedure to turn YOUR Passphrase into an Intermediate Code and give this Code to the manufacturer. This was first offered by Mike Caldwell (Casascius) in 2012 and applied in the last series of his casascius coins. https://bitcointalk.org/index.php?topic=129552https://casascius.wordpress.com/2013/01/26/bitcoin-address-utility/But then, what Bobby Lee is suggesting is NOT the same because HIS Team1 is generating the passphrase for the intermediate code to be used by HIS Team2. |
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Yeah it is probably that. It was just going to happen but somehow I can't stop looking at gold charts.
Looking at charts couple of times per month is okay. Staring at charts every day is waste of time. |
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True Bitcoiners do not think in terms of 'cashing out'.
Yep. True Bitcoiners do not think in terms of Bcash-ing as well. |
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They will have to add BTC at some point  They won't. They are already completely detached from reality. The orchestra on the top deck of Titanic will play and drink champagne until entire ship is under water. |
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Say what you want, but Segwit was a good thing for bitcoin. If it was not for Segwit, we would be paying higher fees today, and the network would be slower. Just imagine the network of 2015-2016 with the adoption of today, it would clog up.
And this is coming from someone who keeps most of his stash in legacy addresses, so no partisanship here.
Native Segwit is absurdly superior to the system that we had in place before. It's not even a debate. Why do you even argue with big blocktards? These clowns don't even understand the basic principal of money based on blockchain. They don't understand that free space on the blockchain means free money! Beecash should cancel tx fees at all if they think txs should be cheap and affordable? |
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5 digits and we are doing well.
6 digits would be better. |
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because majority didn't take me seriously.
And they shouldn't. What you say is just meaningless gibberish. It could go up or it could go down. Of course, it won't go left or right. If you'd like to be taken seriously you have to say if you're long or short? What are your take profit and stop loss levels? The rest is just blah blah blah. History of WO Bitcoin Speculations https://bitcointalk.org/index.php?topic=5182395.msg52377811#msg52377811That is exactly what I'm referring to. Gibberish. Please, answer! Are you long or short? What % of capital? What are your take profit and stop loss levels? The rest... well, you know what it is. |
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because majority didn't take me seriously.
And they shouldn't. What you say is just meaningless gibberish. It could go up or it could go down. Of course, it won't go left or right. If you'd like to be taken seriously you have to say if you're long or short? What are your take profit and stop loss levels? The rest is just blah blah blah. |
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The first major resistance for the shorterm is marked with the yellow area. Around 10.800 Usd to 11.000 Usd, it depends when it gets there.
Well, bitcoin reacted around $10.950 . Just as we thought, the resistance between $10.800 and $11.000 was really there. Yeah, looks like it. All bear trolls jumped in to defend the "resistance" . LOL Relax. TA is just BS. The less you believe in it the less valid it is. Just like every BS. Buy every dip! |
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If bitcoin goes to that level it's gonna decide where to move next, break up or retrace agaIN. There is a sea behind that mountain or there isn't. Your super TA is super correct as always. |
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is it safe to invest in btc now?
No, it is too risky! But you risk even more if you don't have any bitcoins! |
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I love this game. It is soooo easy to be profitable trading bitcoin. You just need to buy and buy and buy and buy and buy and buy and buy and buy and buy and buy and buy and buy and buy... If it drops its a gift... Just buy and buy and buy and buy and buy and buy and buy...
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Anymore of it and I will be adding you to my ignore list.
Huh, must be a very special ignore list? |
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Even with all that i still miss the part where China is somehow better??
Yes, it is already better! Facts are stubborn things, right? The "totalitarian communist regime" in China is advocating for open borders and free trade. The "beacon of democracy and leader of the free world" USA (aka United Sanctions of America) is imposing tariffs, sanctioning everybody they can think of, building walls, and bombing independent nations (too weak to retaliate) into the Stone Age just because they don't share their cowboy values. The "totalitarian communist regime" in China pulled 1 billion citizens out of poverty and created massive middle class during the last 20 years. The "land of the free" during this same time successfully killed big chunk of their middle class and created the biggest income gap between the rich and the poor the world has ever seen. |
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but I haven't seen any execution attempts
You haven't seen because there is no freedom of speech. What did happen to Assange when he exposed not only execution attempts but real executions? In the land of the free you're free to be homeless and unemployed. You're free to talk whatever you want if nobody is listening to you. As soon as you apply logic and facts and gather some crowd around that is listening you're accused of using hate speech. To ask questions and be critical is already a synonym of hate speech. Your Visa and Mastercard are blocked, your Facebook, Youtube and Twitter accounts removed. Would be interesting to see what Alex Jones has to say about freedom of speech and freedom of press? This is not a democracy, this is a pure blend of hypocrisy! It is amusing to see how brainwashed people react to reality, but lets not use this forum for political arguments. Lets stick to bitcoin! |
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This is what happens to political dissidents in prc: the biggest problem in China is lack of freedom of speech. The most famous political dissidents and political prisoners of our time are not in China. The most famous political dissidents and political prisoners of our time are Julian Paul Assange and Edward Joseph Snowden. Why is the regime in Washington trying to kill them if they do care about freedom of speech? |
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