JayJuanGee
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Activity: 3892
Merit: 11173
Self-Custody is a right. Say no to"Non-custodial"
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December 12, 2017, 04:36:07 AM |
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Maybe its a bubble top, not a double top
What is the difference between a bubble top and a double top? Sounds like an attempt to describe the same concept, no? |
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 12, 2017, 04:44:43 AM |
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A double top was only the top of the China bubble in late 2013. Every other bubble had a single top.
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JimboToronto
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You're never too old to think young.
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December 12, 2017, 04:46:52 AM |
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Maybe its a bubble top, not a double top
I'm going to name my first tulip after you.   |
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Icygreen
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Activity: 1463
Merit: 1135
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December 12, 2017, 04:57:21 AM |
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So a recap of what I see/speculate on this past week.
Bitcoin gains more public interest and awareness due to price rise while lots of newcomers buy for the first time.
Roger, jihan, Wright and friends collude to spam the network for high transaction costs while shilling for BCH and comparing transaction costs to gain the support of small transaction buyers.
New buyers who bought small amounts are confronted with the decision on whether or not to send their recent purchases to a wallet from coinbase with high costs (currently around $ USD 15).
Many buyers decide to move into litecoin for cheaper transactions thus proving that the lightning network is a solution, at least for now.
It seems Roger and friends are not out of moves yet and I expect to see even higher transaction costs before the market settles this for good.
Summary: we prefer litecoin and/ or high fees to centralized, hijacking b-cash.
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TERA2
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Deb Rah Von Doom
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December 12, 2017, 04:59:09 AM |
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Its more than a bitcoin bubble now. Its a blockchain bubble. Its going to end up taking down a portion of the economy.
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BitcoinNewsMagazine
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December 12, 2017, 05:02:53 AM |
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Food for thought: you are going to see vendors start switching from taking bitcoin to litecoin. The average fee today for a bitcoin transaction was $21. For litecoin 27 cents. Vendors are getting stuck bitcoin transactions and are no longer willing to deal with it. Why do you think the price of litecoin is going through the roof?
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Toxic2040
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December 12, 2017, 05:04:02 AM |
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So a recap of ... -snip-
Summary: we prefer litecoin and/ or high fees to centralized, hijacking b-cash.
qft..excited for the coming year. |
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jojo69
Legendary
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Activity: 3346
Merit: 4657
diamond-handed zealot
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December 12, 2017, 05:06:59 AM |
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Its more than a bitcoin bubble now. Its a blockchain bubble. Its going to end up taking down a portion of the economy.
portion?? Bitcoin is not the bubble...it is the pin. |
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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December 12, 2017, 05:13:27 AM |
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Its more than a bitcoin bubble now. Its a blockchain bubble. Its going to end up taking down a portion of the economy.
It’s going to have to be about 1,000 times it’s current size to do that. And I’m all for that. |
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JimboToronto
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You're never too old to think young.
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December 12, 2017, 05:13:34 AM |
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Bitcoin is not the bubble...it is the pin.
Couldn't have said it better.  |
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arklan
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December 12, 2017, 05:16:17 AM |
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*grumbling under his breath* stupid futures and their stupid... Whatever they do... Stupid price dropping... Dumb bitcoin, going thy wrong way...
(to be clear, i'm not serious in any manner. Just wondering whats driven stamp down below 16k. And annoyed that my list buy was at 16740 or something...)
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TERA2
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Deb Rah Von Doom
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December 12, 2017, 05:17:11 AM |
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I dont get why you have such romantic ideas. Theyre not going to happen because 99%+ of people are fine with fiat and arent going to become criminal engineers and hackers to particiapte in an illegal bitcoin revolt.
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Heater
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December 12, 2017, 05:19:23 AM |
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This guy gets it: https://www.youtube.com/watch?v=ukjDCeuNK3YAlso: https://twitter.com/saifedeanMost people who buy Bitcoin don't share its political vision; they buy it to get rich. But Bitcoin doesn't care, they are fueling its rise as a monetary standard. Bitcoin doesn't need your intellectual acceptance; your self-interest will force you to use it sooner or later. For hodlers, getting rich is a secondary side effect of doing the right thing: getting the world onto an infinitely better monetary standard & killing government money. A new hero. |
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Wekkel
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yes
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December 12, 2017, 05:41:12 AM |
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A better form of money. The simplest answer to the question what Bitcoin is.
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HairyMaclairy
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Activity: 1428
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Degenerate bull hatter & Bitcoin monotheist
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December 12, 2017, 05:55:46 AM |
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A better form of money. The simplest answer to the question what Bitcoin is.
Gresham’s law: https://en.wikipedia.org/wiki/Gresham's_lawBitcoin is good money because it can’t be inflated away. |
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TERA2
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Activity: 266
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Deb Rah Von Doom
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December 12, 2017, 06:05:05 AM |
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It would be good money if it somehow stabilized AND the lightning network was up.
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jojo69
Legendary
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Activity: 3346
Merit: 4657
diamond-handed zealot
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December 12, 2017, 06:13:30 AM |
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I dont get why you have such romantic ideas.
Because we have no choice TERA. It HAS to change. |
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Wekkel
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Activity: 3108
Merit: 1531
yes
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December 12, 2017, 06:28:07 AM |
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It would be good money if it somehow stabilized AND the lightning network was up.
With enough adoption it will stabilise. |
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jbreher
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lose: unfind ... loose: untight
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December 12, 2017, 06:30:17 AM |
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Wood is more scarce than gold and silver is space...
There's a space pill for that now.  zing! Food for thought: you are going to see vendors start switching from taking bitcoin to litecoin.
Said no vendor ever. The average fee today for a bitcoin transaction was $21. For litecoin 27 cents. Vendors are getting stuck bitcoin transactions and are no longer willing to deal with it.
Meanwhile, cost on Bitcoin Cash? Less than two pennies. Plus its being discussed on national financial news. Litecoin? Not so much.  Why do you think the price of litecoin is going through the roof?
<s> obviously because newcomers to crypto are flocking to it </s> Random Youtube link
Is everyone else faced with a promo for Altucher every time you navigate to YouTube? It's driving me batty. Grr. |
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RoomBot
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Activity: 2324
Merit: 1130
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December 12, 2017, 06:47:13 AM |
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Interesting events at this near ATH 2.0.
COINBASE is down for scheduled maintenance.
I wonder if they're finally populating their exploited customers' bcrash wallets at last?
I'm expecting HUUUUGE -- Trump-like BIGLY dumping of btrash and another bump for our beloved BTC when that happens.
And a major bcrash.
SH!t happens when you're a sh!tcoin wannabe Satoshi-defying clone..... Just sayin.'
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