If BTC will see adoption like XRP or BCH then there will be a chance for another bull run.

Lately, I don't see the adoption of BTC growing only something opposite merchants stop accepting it. High fees (50$) for a single transaction when BTC was at ATH shows that this is not possible for Bitcoin to be a widespread payment solution because of the scaling issue. Ongoing for years debate on the scaling issue brings nothing besides new coin BCH which is now one of the biggest BTC concurrent on the market. I still don't believe that we need an LN on top of BTC and even if then we should let the blocksize grow until LN will be fully implemented/usable.

If Bitcoin resolves all burning problems then and only then will be a chance for another epic bull run. If not we will slowly see like Ripple, Ethereum and Bitcoin Cash are taking BTC place on the top of the coinmarketcap list.

I guess we are still waiting on you to capitulate then, it will rise only after the very last hold out falls.

Yes Luke is an idjiot.  Didn’t realize Knots was his.  Hmmm

Wtf is Bitcoin TRB?

I wonder if the recent Core bug will move the market. It might be the worst bug since 2010, though luckily it wasn't actually exploited and is unlikely to cause future trouble.

Called it.

The largest upside we see in the entire cryptoasset market is in the Privacy sector. Although Privacy networks are newer entrants, we believe the network effects seen from the likes of BTC earlier on will be repeated within dominant coins here. Not only do these coins target the same large and lower velocity store of value market as BTC and Currencies, they present a much deeper value proposition within those markets. As we stated above, the largest drivers of adoption within these networks will be continued pressure from capital controls, currency devaluation, and broader global turmoil. The use cases within the Privacy markets are incredibly sticky and feed on adoption, especially when regulators and law enforcement are making efforts to increase forensic penetration into public networks like BTC. Privacy networks do lack liquidity when compared to more commonly used Currencies, but they excel in and push the extremes of each use case within Currency networks. Recently, we have already seen early signs of adoption by some of these cryptoassets; ransoms being posted to large corporations where even BTC could be tracked and was not the preferred method, money laundering, and asset shielding. Looking into the space, we believe the use cases that target the largest end-markets will primarily use XMR (~60%) and ZEC (~20%). Despite developers and executives associated with these projects declining to comment upon illegal use (to avoid legal ramifications), the largest opportunity within the Privacy networks will be unlawful activities. Considering the nature of the use cases, the Privacy market user base will most likely rely on networks that have more active codebase development, more resistance to centralized control (possibly through mining), a growing ecosystem, and growing user base. Not only is XMR far more active in codebase development (prior report, pg. 20) and resistant to centralized mining efforts, it is fungible. While ZEC has an easier time being traded in regulated markets (since it has privacy features by request, not by default), we believe this will be a setback to adoption by darker markets, which prefer networks that are fungible (where more addresses use privacy than those which do not, making it more difficult to track down/blacklist tainted addresses). Only ~5% of the ZEC network uses “shielded” (or private) addresses currently, with the rest of the addresses being used for transactions functionally and technically no different than BTC.

Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.

ZEC was pumped from before launch with insider trading on tokens before chain launch and has been artificially held up since. It will die a slow death but it will die as any non trustless system will.

Not to be a sexist dick, but the ladies should be kept unaware of crypto holdings. It allows easier thinking in times of trouble. If really, really necessary, one could sell what's needed and magically come up with the money when it's needed.

So is this what the crypto winter felt like ?  Or still too cheerful?

https://en.wikipedia.org/wiki/Vladimir_Putin#KGB_career

More than a decade after its fall he tried to distance himself from it.


You don't get into the KGB without being a hardline Commie. That is a a fact.

On the chart which was mentioned above

So do I understand this correctly that after this one Commissioner is replaced a SEC ETF approval is likely?

Rick has left me for a week, while he is away on business in The Netherlands, Belgium, and Hungary.

I'm already on beer #5.

It's gonna be a weird few days coming up, yo.

Sleep schedule is already fucked up less than 24 hours after his departure, and the cats are angry with me because I'm not giving them their usual snacks, like Rick does, because, well, we treat them like royalty already... but I digress...

Here's hoping for a firm $7k USD by the time he returns next week.

Nice read on the current state of the SEC commissioners:

The Elad Effect: How the SEC’s New Commissioner Changes Things for Bitcoin ETFs
https://medium.com/@JohnGaltBPM/the-elad-effect-how-the-secs-new-commissioner-changes-things-for-bitcoin-etfs-f4bb29e95bd6