Is Bitcoin Dead? Is Bitcoin Dying? Is Bitcoin Doomed? Lets discuss the good news and bad news impacting Bitcoin & BTC price.
Waiting for:
Lightning & Halving.
I def agree with the "
Halving" part of that.
Lightning could also be interesting depending on the timing and implementation.
I'm pretty much in the "it's cyclical" camp. However, it's also fair to consider major market disruptors. In my eyes, the Ethereum based ICO movement around the same time as the BTC moon in 2017 is an example of such market disruption that coincided with and amplified the bull run. I think we're all awaiting that magical movement that BTC is no longer the primary gateway to cryptocurrency. Maybe Lightning will be the thing that makes that happen. But that is only if the "implementation" of Lightning includes ready conversion of fiat. If so, then Lightning could represent the enabler of trillions of dollars of new investment.
Yes those two single items will spell the death of decentralized mining. Then when necessary or someone gets in a pickle they decide 21 million btc isnt enough. I mean I think it’s already been decided with the thousands of shitcoins out there. What we are seeing is the mass exodus from pump and dump scams. Most of those coins aren’t paired to usd of any other fiat. So they have to dump into bitcoin to exit. It’s a dead cat bounce until the next marketing team comes in and dupes the public into the next shiny magical internet scam. It is what it is but don’t call a spade any thing other than a spade and I won’t call a turd anything other than a turd! Just because billions went into this project and it’s failing doesn’t mean you double down and hope money will fix the problem. It’s actaully the issue here. Too much came in and those that manipulate and fucked up usd is the same that will do it again here. I mean if your not gonna be punished justly for these crimes against humanity then fuck why not keep it up. Can’t say that I blame them since they have no punishment. Billions in fraud and slaps on wrist for fines. Heheheh who has who’s hand in each other’s pockets.
BR
Ps. When is the sec going to investigate trade talks for obvious manipulation. Here’s Looking at you USA and China!. I mean it’s blatant at this point. Or do I just have an uncanny ability to see thru the bs. Trust me it’s not a gift. One doesn’t fit well into a society of lies when one seeks for the truth. Just who I am. Put harsh tax on trade. Let the market react. Then pull back on your deal to pump market again. I mean I can’t be the only one on earth that sees thru this bullshit! Ugh
Mining centralization or decentralization is an ever changing situation. The human spirit for progress spurs more and more efficient miners. Or, build a better mousetrap because someone else will. At the same time, the human spirit of progress also strives for decentralized influence over value generation as we see with things like ProgPoW or endeavors of camps like Mineority.
I don't really see halving of bitcoin or any other coin as the definitive indicator of mining decentralization. Halving would have happened with or without ASICS/FPGA.
My point in agreeing with the
Halving input was mainly in regards to proven growth of bitcoin value after halving cycles and not so much an input for or against centralized bitcoin mining. But I will say I strongly favor decentralized and egalitarian PoW or even ProgPoW models of asset distribution.
Seems we both have similar mindsets regarding shitcoins. But remember bitcoin was a shitcoin and still is depending on who you ask. What I think
Lightning will bring to the herds of shitcoins out there is further legitimacy of various coins... even bitcoin. Anything that increases adoption and use of any coin is a good thing and that's how I see Lightning impacting crypto. It basically turns it into a world exchange. Maybe one day stock exchanges will be more like this.
And yeah USA/China is relevant to bitcoin. Enjoy the lack of regulation and obvious predictability of the market while it lasts. I'll say I've seen first hand that American stocks are prejudiced against Chinese stocks despite trade wars having no real financial impact on various Chinese stocks. Just remember, when we vote to the Right we are pretty much giving the green light for less regulation and depending on your viewpoint, voting for the Left and more regulation can be just as bad. I'm somewhere in the middle. It's fascinating... I'm content to observe and react accordingly
