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I love the look of green btc dildos in the morning.
What needs to be remembered in these short term moments of jubilation though, is that in long-term we are still at a very cheap price. So load up, just because you missed this pump doesn't mean you need to miss the rise to 100k.
Governments are corrupt and do not represent the people, they represent the corporations and in particular the banks. They will destroy the value of fiat in order to maintain their corruption. And, the only way to protect yourself is to own assets, the best of which being bitcoin. Because, no matter what happens they cannot steal them from you.
Imagine if during the war the Jewish and other persecuted folk had bitcoin instead of traditional assets or fiat. Not only could they have got their money out of the country, when those fortunate ones fled. But, for the ones who didn't flee, the Nazis couldn't have stolen their bitcoin to spend on the Nazi war machine.
All hail the glory of Bitcoin.
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Not my best side but meh.  |
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Seeing on the graph the growth is staggering. It shows that people are accepting Lightning Network lightning fast. People always want bitcoin to use in their daily life transactions. I consider myself a true believer, I run a bitcoin and lightning node, I think bitcoin/lightning is a great idea and will benefit a good deal of the world population in the future. However, I just can't bring my self to spend much bitcoin. I get paid in fiat currency you see, which I consider to be bad money. I save for my future in bitcoin, because I consider it to be good money (the fucking best ever to be precise). They say good money drives out bad money, and in my case this is 100% true. I don't think I'll ever start spending in bitcoin in any reasonable volume until I start getting paid in it. I just love the shit too much. |
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Things really are starting to look up. I'll be increasing my regular bitcoin purchases starting this week. I'm sure I am not alone as some confidence, albeit cautious, seems to be coming back to the marketplace and the comments. go bitcoin go  |
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The lightning network also doesn't allow mass printing of money by central banks or creation of debt (which creates deposits) out of thin air by the private banks. Pretty big deal that little detail.
Speaking of which, check out this brainlet. https://twitter.com/DavidShares/status/1102333432162594816 In recent days the level of FUD has reached an AMAZING new height of stupidity. Yes, they can see that the LN is performing brilliantly, and are getting worried. |
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Big move coming... 70/30 it's an up move IMHO. (Boy oh boy it's gonna be nasty if it's down)
There are only two possibilities: 1) The US govt did not create bitcoin and thus dislike it in some manner. They would attempt to cap it's price with ESF dark pools the same way they act towards real commodity money such as silver and gold and attempt to cap it at a few percent over cost of production until the $USD system implodes. The price would then mostly move only during macroeconomic trends like if inflation skyrockets then they're forced to allow it to go up some. When the market cap of bitcoin is very low - like $1 million - it's very difficult to cap the price since it can be moved with little money. Now that the market cap is huge, it's easier to stop it. 2) Bitcoin is a US govt created scam to try and trick people away from physical metals and into a designed to centralize, non-fungible, permissioned ledger, cashless society slavery system and they will be more than happy to let it rise. Even if bitcoin wasn't created by them, they seem to still love the idea since evil cult of Judaism members like Larry Summers, Ben Bernanke, and their shabbos goyim slave Jack Dorsey promotes them. They especially love the lightning network which is nothing more than recreating the exact same banking system that already exists.Except that you can opt out and tell them to fuck off. You can also process your own payments without any permission if you have to. The lightning network also doesn't allow mass printing of money by central banks or creation of debt (which creates deposits) out of thin air by the private banks. Pretty big deal that little detail. |
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I get horrified and scared any time I see you guys talking about $100K or even $30K as if it was a SURE thing. What kind of capitulation is this?
The thing is we have all been here before (2014/15) back then I did indeed feel capitulation. But now, and particularly with a more thorough understanding of the global economy, there is just no way in hell bitcoin won't get to those prices. We all understand the bitcoin cycle now, and coupled with this we are all aware of the corruption of governments and central banks and how they are the ones pushing the price of bitcoin indirectly via their criminality. If you want to see capitulation, you need to look at the newbies. They have never experienced a bitcoin cycle before, and I bet they have already capitulated in spades. |
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Hey all. Been busy lately with the seastead and I just bought a sail boat as a commuter (my friend was our taxi while we waited to get the boat). Having the bottom stripped to bare metal (steel hull) and painted. Here's the first video in a series about us getting the seastead up. https://m.youtube.com/watch?v=tTXhgcXA1pMLooking forward to the day that I can sit back and relax and hang out on the forums again. But we have seasteads to build. A very interesting project I look forward to the video. Quick question, I've been looking into underwater drones recently. There's quite a few of them coming out these days starting at the $1000 mark. They look like a lot of fun, and also useful for checking on boat hulls and such. Have you ever used one or do you intend to get one for when you are out on the seastead? |
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yes because of LN. EDIT: LN is off-chain and you cannot measure numbers. within a channel payments are not visible. Hey, Gyrsur - you seem LN conversant. Maybe you can help me with something I've been puzzling over. 1ML ( https://1ml.com/statistics) publishes something they call 'Updated Channels (24h)'. Are you aware of a definition of this term? sorry, at the moment I have no idea what it could mean. unfortunately 1ML do not have an explanation of the statistic values so far. Well shit, Transactions per day are almost at the ATH. So shit ain't too bad is it  |
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Interestingly, after that massive dump the Bitstamp order book is still strong. At this level in the past it was something like 2000-2500 btc sold brings the price down 15% and same amount bought takes the price up 15%. Now it is showing it is showing 1300 coins bought takes the price up 21% and same amount sold brings it down only 5%.
That's some pretty good news, hopefully it stays that way.
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Interesting development in the bitstamp order book.
If anyone remembers I mentioned a few weeks ago about how much buying support there was around the 3k level, but, also at the same time how the sell orders were not following the price down (IIRC 2000 btc sold bring the price down 4%, whereas 2000 bought price up around 20%).
I've continued to keep an eye on the order book during this last increase and at the 3700 then 3900 levels buy orders and sell orders were balanced (IIRC about 2500 sold or 2500 bought would move the price 15% either way). Meaning that despite the recent increase in price the buy orders were not following the price up, meaning lack of confidence in the bounce.
Well, right now order book is showing if 2000 coins are sold the price will drop 12%, but, if 2000 coins are bought the price will rise 21%. I can only interpret this as buyers now regaining confidence and beginning to follow the price up rather then waiting for a dip to the lows or new lows. In my mind this is confirmation that the low is now in.
Seems like you are trying to put too much weight into the meaning of the order book because the order book is played around with all of the time to cause these kinds of erroneous presumptions that you seem to be attempting to make... in other words, take the order book with a BIG ASS grain of salt. Bitstamp and their order book is the exchange that is least played around with IMO and many others opinions. Secondly, fuck you for making assumptions about what I use to gauge the market. If you think that is the only indicator that I use, you are far stupider then your many unnecessarily lengthy insane incoherent posts make out. |
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Bitcoin from last few days. It's gonna fly in no time 🙂  Guys, guys, slow down, it's way too early for that. This is just a bart. Quite possibly, but confidence has come back to the market. See my post above |
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Interesting development in the bitstamp order book.
If anyone remembers I mentioned a few weeks ago about how much buying support there was around the 3k level, but, also at the same time how the sell orders were not following the price down (IIRC 2000 btc sold bring the price down 4%, whereas 2000 bought price up around 20%).
I've continued to keep an eye on the order book during this last increase and at the 3700 then 3900 levels buy orders and sell orders were balanced (IIRC about 2500 sold or 2500 bought would move the price 15% either way). Meaning that despite the recent increase in price the buy orders were not following the price up, meaning lack of confidence in the bounce.
Well, right now order book is showing if 2000 coins are sold the price will drop 12%, but, if 2000 coins are bought the price will rise 21%. I can only interpret this as buyers now regaining confidence and beginning to follow the price up rather then waiting for a dip to the lows or new lows. In my mind this is confirmation that the low is now in.
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jbreher and the bcash SV shitcoin crew.  We are followings God's (satoshis, lol) vision hahaha. |
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Don't like LN? You are free to opt-out without this stopping you from using Bitcoin directly. You are also free to develop another second layer on top of Bitcoin and only you and your counterparty (ies) need to adopt it for it to work.
hold on slow down a minute there. Don't let facts get in the way of a good irrational scare campaign. |
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Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.
I beg your pardon ? Lightning IS Bitcoin. Right and Elephant IS a Car Bitcoin network is bitcoin network Lighting network is lightning network claiming otherwise is a dishonest shill. A Bitcoiner supports Bitcoin network with mining or mining shares. A shitcoiner supports a shitcoin node whatever his preferred flavor my be, XRP node, LN node, JPM node or what not crap node (cheap crap computer) LN (in)directly supports JPMCoin, XRP..... with atomic swap any crap is instantly interchangeable Crappy worthless nodes Version 1, XRP erks me like..., no difference with version 3, LN or version 4, JPM Are you crazy? Is that your problem? |
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For anyone interested in a bitcoin and lightning node I can recommend this one. Doesn't take long to setup and fairly cheap. I already had a hdd and SD card so that saved me some money, and you don't really need the LCD screen either. https://github.com/rootzoll/raspiblitzAlso, looks like a mini H&S on the chart, target to 3700 - 3750 if it pans out. |
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How about chocolate coins with the gold foil.
People say you can't hold bitcoin, well I won't be holding them, I'll be eating the damn things in front of them.
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I don’t know that you could port Bitcoin onto Grin. So it is a threat. But their monetary policy is fuxxed. Big mistake having an endless emissions. Same trap Monero fell into. So that significantly reduces the threat. MW can be implemented on a second layer or as a sidechain with BTC I believe. So, how many grins will ever be made? Currently set to 50 per 60 seconds (it was going to be 60/m, but I think they finalised at 50/m). That is not designed to change. So it's infinite. Well, if it's infinite it won't be worth anything. That's Economics 101. That would be my understanding too, which has killed a lot interest that I initially had for it. However, how many other coins are like this? and how many of those have gone from low value to a high value. Monero? But isn't their supply cut down to only 0.3 every block at some point? Even with open ended supply it still seems that a lot of money can be made in the medium-term even if long-term it is destined for disaster. 50 every minute forever seems like a awful lot though. |
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