Dabs
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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June 10, 2017, 02:34:59 PM |
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If Bitcoin had not abdicated its role as instant, cheap, uncensorable money, it would have a market cap approaching $100B. Which would make each XBT ~= $5600.
Transactions are instant, 10 seconds if you want to make sure you don't see any double spends and provided the tx fee is appropriate. Cheap, when the money is worth it, but not if it's not worth it. What I mean to say is for transactions valued higher than $100, not a cup of coffee. Off chain for that one. Uncensorable, when you don't deal with an exchange. It's the exchange that attempts to censor you, so just be smart and tumble or mix. |
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ARTISTCOLONY
Newbie
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Activity: 56
Merit: 0
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June 10, 2017, 02:38:40 PM |
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If Bitcoin had not abdicated its role as instant, cheap, uncensorable money, it would have a market cap approaching $100B. Which would make each XBT ~= $5600.
Transactions are instant, 10 seconds if you want to make sure you don't see any double spends and provided the tx fee is appropriate. Cheap, when the money is worth it, but not if it's not worth it. What I mean to say is for transactions valued higher than $100, not a cup of coffee. Off chain for that one. Uncensorable, when you don't deal with an exchange. It's the exchange that attempts to censor you, so just be smart and tumble or mix. bittrex censored and froze my acct = do we soon come with handgranades through the roof?  *good morning ATH BTCBTCBTC |
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White sugar
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Activity: 1232
Merit: 1005
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June 10, 2017, 04:09:53 PM |
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Price went from 2910 to 2850, but still 900 BTC until $3k
Funny
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podyx
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Activity: 2338
Merit: 1035
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June 10, 2017, 04:12:04 PM |
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Shorting ETH/BTC is probably a very good idea right now.
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European Central Bank
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Activity: 1288
Merit: 1087
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June 10, 2017, 04:18:44 PM |
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Shorting ETH/BTC is probably a very good idea right now.
says everyone since around 2015. reason has left the building, or arrived. it's extremely hard to figure out which. |
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BillyBobZorton
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Activity: 1204
Merit: 1028
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June 10, 2017, 04:21:09 PM |
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Shorting ETH/BTC is probably a very good idea right now.
Do you mean shorting both ETH and BTC or shorting ETH against BTC? If so... why? Ethereum continues being a hype machine. You can hate the project as much as I want, you can call it a scam which it probably is and so on, but something is clear: ETH has been an amazing investment, and it's a constant hype train with every ICO or Vitalik antics, getting all those corporations board. The latest one is Vitalik visiting Putin... markets love that kind of stuff. I wonder if we'll eventually see ETH reach 4 figures. |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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June 10, 2017, 04:23:51 PM |
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Shorting ETH...Imagine.  |
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European Central Bank
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Activity: 1288
Merit: 1087
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June 10, 2017, 04:34:05 PM |
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By the tone of your posts; "Nothing can stop ETH now, it's proven itself. It's gonna keep going up forever", I'd say it's definitely near a top.
i've thought it wasn't humanly possible to get any higher just about every minute of every day for the last few months. nothing's changed for me. |
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podyx
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Activity: 2338
Merit: 1035
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June 10, 2017, 04:38:12 PM |
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By the tone of your posts; "Nothing can stop ETH now, it's proven itself. It's gonna keep going up forever", I'd say it's definitely near a top.
i've thought it wasn't humanly possible to get any higher just about every minute of every day for the last few months. nothing's changed for me. Same here, but that doesn't mean I will go into a state of delusion. I may be wrong about it though and I'm keeping an eye on it. |
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JimboToronto
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Activity: 4004
Merit: 4482
You're never too old to think young.
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June 10, 2017, 05:23:04 PM |
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A late good morning Bitcoinland. A little hung over.
Starting to inch back up again... currently $2880USD (Bitcoinaverage).
I see we were back over $2900 for a bit earlier.. Maybe we'll see $3000 before the weekend's over.
Go Bitcoin go.
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Torque
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Activity: 3556
Merit: 5041
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June 10, 2017, 05:28:51 PM |
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A late good morning Bitcoinland. A little hung over.
So what'd ya drink? |
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Ibian
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Activity: 2268
Merit: 1278
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June 10, 2017, 05:40:49 PM |
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However high eth goes, if it has no practical value then it will eventually drop to nothing. Bitcoin is likely to stick around for the long term.
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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June 10, 2017, 05:48:55 PM |
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By the tone of your posts; "Nothing can stop ETH now, it's proven itself. It's gonna keep going up forever", I'd say it's definitely near a top.
i've thought it wasn't humanly possible to get any higher just about every minute of every day for the last few months. nothing's changed for me. Same here, but that doesn't mean I will go into a state of delusion. I may be wrong about it though and I'm keeping an eye on it. Don't do it, man. There are other-worldly powers at play. Don't put your grease on that fire. |
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InvoKing
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Activity: 2142
Merit: 1065
✋(▀Ĺ̯ ▀-͠ )
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June 10, 2017, 05:53:27 PM |
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Top bitcoin price in exchanges GDAX $2,919.93 OKCoin $3,012.98 BTCC $2,974.00 OKCoin $2,992.97 Huobi $2,989.15 +$3000 seems so soon  |
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FractalUniverse
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June 10, 2017, 06:04:55 PM |
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buttfinex charts are laggy. now, when its moving  |
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Dabs
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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June 10, 2017, 06:08:35 PM |
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I got some cheap ETH, joined a couple of ICOs, then selling them back to ETH or BTC, eventually everything will be in BTC. Doubled or tripled my BTC. Slow Motion Dice is what I call it.
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luckygenough56
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Activity: 1526
Merit: 1012
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June 10, 2017, 06:09:29 PM |
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a bit critical, ain't it
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White sugar
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Activity: 1232
Merit: 1005
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June 10, 2017, 06:13:00 PM |
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 $3000x$4000 BTCBTCBTCBTCBTC BTCBTCBTCBTCBTCBTCBTC...okcoin@$3OOO! woot OKcoin is almost the same as Huobi, that still is $14 below $3000. I miss the old chinese driven pump days, hope they take the lead above $3000 once more |
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DieJohnny
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Activity: 1639
Merit: 1006
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June 10, 2017, 06:35:17 PM |
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By the tone of your posts; "Nothing can stop ETH now, it's proven itself. It's gonna keep going up forever", I'd say it's definitely near a top.
I have been in your mindset for 18 months. I am starting to think that people that refuse to buy into ETH just are choosing to be blind to what is going on and that includes myself. I think that ETH is overvalued but then I look at all crypto assets on coinmarketcap.com and maybe it is undervalued. http://coinmarketcap.com/assets/views/all/Look how many are built on ETH vs bitcoin. It isn't even close and every one of those coins has an army of devs and a community of supporters. I actually wish I had heard about ETH before Bitcoin at this point, it isn't that I haven't made good money on Bitcoin, but had I been behind ETH from day one I would be retired today. I think that people that see what is going on without the bias of Bitcoin's shiny name would say that the crypto game was over a year ago, ETH was only stopped by the hack. I thought the hack killed it, but I was blind. The other advantage ETH has is the psychological advance of price. When people buy something they are not looking at market cap, they say hey ETH is $300 and bitcoin is $3000, I am buying ETH because it is going to be worth $3000 soon. It is not logical but it is the reason stock splits are common, people like to buy 10 of something that is $100 rather than 1 of something that is $1000. The only thing that can possibly stop ETH in my opinion is another hack worse than the first. I think it is more likely that in 10 years ETH will be king and we will all look back and the reasons will be obvious as to why. |
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