It is and it is not.

Fiat money is supposed to be an easy medium of exchange. Bitcoin is not. You can't grab a hot dog from a stand or a coffee and it's not because of lack of acceptance or even fees because fees can be adjusted. The main problem now is time between blocks. 10 minutes is too much for cheap fast stuff you want to get on the go, like gasoline.

It's better because of all the decentralization and no middle man stuff but fiat is still much better in some instances.

Want to send money to someone abroad? Bitcoin
Want to buy a house? Bitcoin
Want to save up for retirement? Bitcoin
Want to pay your bills, grab a meal, buy a bus ticket, shop for groceries, order food online? Fiat

We may not be there yet but it looks like the market is reacting to the news, or maybe it's not the news but technicals and the price is drawn back to the new top since the correction was very shallow and people saw it's not the end of the bull market?

People like convenience and the paypal news made this bull market pick up the pace. If VISA goes along with it it's going to be like a second wind for the bulls. 

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And what about bank servers? They can also be damaged, destroyed in a fire, flooded, hacked, virused.
 
Long ago most documentation was stored in paper form. My father had some job documents held in a government archive and they lost them in a flood and as a result lost a proof that he had a pension fund.

How about that? You think you're safe because a government institution holds your money?

So, like I said, you had to pay 0.5%. Even if we're both wrong it was less than 1% of 1 BTC, that's for sure. If you wanted to pay the same for a 1 BTC transfer you'd have to pay $300.
The thing is, you don't have to pay $300 to send a bitcoin.


I agree that fees weren't made for people to pay a few sats. They remain proportional to 1BTC. It's the price of 1 BTC that's going through the roof and making everything look cheap in comparison.


Still better than African countries where people have to feed whole families for $100 a month. Bitcoin is global and if some guy in Silicon Valley can pay 100 thousand dollars for it then it's going to trade for that. That person is not going to care that an average person in Romania will have to save up for years to be able to afford it. If that guy decides he wants a transaction confirmed now and pays $100 for it, he's going to get it and all the others will have to wait because they can't beat that price. I know it's not fair to you, but to a guy who has the money it is fair. He pays premium so that he doesn't wait.

I'm not rich but if you put me next to an average person in Somalia or Uganda I'd sure look like some oligarch. It's a matter of perspective.

For me Bitcoin fees aren't that big if you use it for investment purposes.

When Bitcoin was cheap, like 1000 USD, you had to pay 0.5% of its value in transfer fees. Has that changed at all? If it did it's for the better not for worse because it used to be that to send 1000 you had to pay $5 in fees. Now to send 10 thousand in Bitcoin you are paying much less than $50 in fees, so I see no problem as long as the fees are lower than 1%.

Why are bitcoin fees a problem to you? Most financial institutions like fiat currency exchanges also deduct about 0.5% -1% fee for any operation like international transfer and such.


And people like OP will return because then it will be cheap for them... for a few weeks at least

Most coins are tainted one way or another. It's very hard to get pristine coins and if you do you'll have to pay premium.

In time all coins will have some dirty ones among them like coins from hacks or confiscated from deep web traders.

Don't be scared of it. If exchanges ban mixed coins they won't have anything to trade anymore.

We are bullish.

Bear markets look the same every time for Bitcoin. There's a new ATH, a crash of usually 40-50%, a dead cat bounce, another crash down and a consolidation above the previous bull market ATH.

Now it's still a correction until we see more signs of a bear market. If you're scared i'll tell you that the worst thing that will happen is a consolidation around 25000 and another bull market.

If that's unbearable news for you, sell and be done with it

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Looks like we see a lot of weak hands at 54000.

This is the biggest selloff in Bitcoin's history, so that says something about the people who entered after Tesla news.

Pretty much everything above 50 thousand is weak hands and small fish.

I remember joining this campaign in February 2017. It's hard to believe that 4 years have passed already.

Thanks for everything mOgliE and Yolodice and I hope to see you all again promoting a new project.

I heard what that woman from Denmark had to say and it's chilling. She thinks people will be renting out stuff because why should they own anything if they can share with everybody else?

You have a fridge and are leaving for holidays? Someone else will take it and use it in that time and then they'll return it. You have a car but got sick and have to lie in bed? Someone else will take it and drive while you're sick because you're not using it so we can't let it go to waste.

Is that how the new prosperous world is going to look? Sign me out.

How would you rate it? Worth watching or a waste of time? From 1 to 10?

I read a lot about the case but I need to find some time to take on the book. That's going to be a must read for me, but I'm ready to skip the movie if the reviews aren't good enough.

Do you want to start a pump group OP? You wouldn't be the first and you wouldn't be the last to try

If you participated in a pump group you'd know that the head always makes money and gives signals to his minions that are exactly the opposite of what he's planning to do.

It could be a fun thread if you gave some reasons behind your picks. Why those coins? What do you know about the projects you want to pump?

And one more thing. These groups are rarely open because you can bet people will trade against you if you announce it like you're doing now.

Not that impressive for me. Not that I want to belittle OP but I have coins that I bought in 2016 and watched them go from 3 to 20 thousand and back to 3 and then again to 20 and beyond.

It's easy to hold when you have a clear goal.

I agree that it will go to 100 thousand we just don't know if it will have a bear market somewhere between 60 and 100 or not. The bull run is so strong that I feel like it could have a bear market fakeout like in April 2013 and continue to be bullish.

Do you really think so? What government?

Say a government of Japan decides Bitcoin is illegal, would it according to you mean that it would go to 0? When I first read it I thought that this is what you mean and if it is so then you're being naive.

If you knew hos the Internet is built you'd know that it's impossible to shut it down worldwide, unless you'd cut every wire between every server. Even if you'd manage to destroy connections between continents the Internet would still run with less servers and bitcoin would function with less nodes and less processing power.

I would not recommend a stablecoin and holding money on exchanges if security is the key.

If you want to be anonymous you shouldn't even consider centralized exchanges with KYC.

Security means holding money in the bank, not on the account of a bitcoin exchange. Privacy means using cash or DEX, it's really that simple. To actively trade you will have to sacrifice privacy and security. It's the same if you decide to use stablecoins.

You're right about access to investments being easier than ever but the group that invests by a phone app is mostly weak hands. I might be wrong but I would not expect someone whose first idea of investment is an app from google store to be a long term investor or to treat this as a way to build a portfolio or secure their future.

These are fish we're talking about here. Real investors who own silver will keep it as a hedge even if it loses to bitcoin in market cap.

A lot? really? After reaching 49 thousand we had a dip back to 46 that did not even last a day and the price was back at 50.

If we add that the day before the price was 47 thousand we'll prove that there was almost no weak hands. In 2 days price went from 47 to 49 and back to 49. That's traders trading, not a big deal.

People like these milestones but 50 thousand dollars is not a milestone in the EU because EUR price is lower. It's also not a milestone in China, Japan, Korea, countries that trade in their own cryptocurrencies.

Who is going to insure me from the bankruptcy of the insurer? If the bank goes down they're going to schrug their shoulders and walk away, leaving you with your pants down.


Just buy a fireproof safe or buy a normal safe and put it in a concrete wall in the basement. Even if your whole house burns down that basement wall with your safe inside will survive. This is less risky than giving your private keys to someone.