fabiorem
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May 15, 2019, 06:33:44 PM |
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You found one possible value for bitcoin, if its adopted as currency.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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lightfoot
Legendary
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Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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May 15, 2019, 06:35:55 PM |
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Looks like we're stuck at 8,000. Boring.....
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ssmc2
Legendary
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Activity: 2002
Merit: 1040
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May 15, 2019, 06:36:29 PM |
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Gyrsur
Legendary
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Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
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I'm wondering why we stuck on this price level and then I realized that we reached a massive resistance zone with at least 5 areas from the past on the weekly chart. Probably we need here much more FOMO and half-nacked climbing girls then before to get through to 10k!
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Toxic2040
Legendary
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Activity: 1792
Merit: 4141
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May 15, 2019, 06:41:26 PM |
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600watt
Legendary
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Activity: 2338
Merit: 2106
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An OG with 50k coins will have more power than most countries do now. ~150 of them will have half the world's wealth. By far the most people will not have any money at all. Bitcoin will bring about a new feudal technocracy. But first, complete chaos.
That very well may be, but how exactly would you exert that wealth without spending precious bitcoin and thereby, reducing your bitcoin stash? Bitcoin lending? Why would some lend a deflationary asset? Borrowing cash against your btc stash? That can turn ugly at 80% drawdown. Bitcoin interest-a ridiculous idea that is not even practical without someone rehypothicating bitcoin, which should be a bad habit. I am close to 100% certain that blockFi will kick the bucket at one point or another. You could do lending crypto to crypto with a smart contract with assets put on the line as collateral but of course this would need to be all cleared by the government as binding before anyone would risk it. Yes, my point is that you cannot do anything without spending or somehow lending it out, so OGs will have difficulty influencing much, unless some secondary markets develop. They could buy stock in Volkswagen as they own Lamborghini and that shits going to spike. That might be a safe bet actually 😉 LOL..so that 2008 superspike in Volkswagen stock was maybe a premonition of things to come? JK https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028bitcoin was the second time in my life that i tried to invest in something. first time was ... well... the dotcom bubble. i had $10k to invest, went to my bank and told i want to invest in tech companies. my banker gave me a list of stocks he would recommend. i invested $9k in internet stocks and told him i want to put $1k in something as far away from internet stocks as possible. he did not like that idea and tried to talk me out of it. i insisted and picked volkswagen. wasn´t a hot stock at that time, the banker shook his head. a few days later the dot com bubble bursts and within just a few days my portfolio went down from $10k to $1k (the VW shares did not move a bit), all tech stock i had was worth only pennies. i bought the very very top of a multiyear bubble. man, i got so mad. i swore to myself i would fucking hold that those vw shares until they 10folded, so i would come out clean. everyone told me it was a stupid idea because stocks of car companies never 10fold. 8 years later (!) the vw shares made a sudden 10fold and i sold right away. the banker never looked into my eyes again and i had learned a big lesson. when i bought my first bitcoin it again was at the very top of a bubble. bitcoin started a 90% nose dive one day after i bought. i still own the dot com bubble stock. still worth only pennies. in harsh contrast to the btc i bought.
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toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
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May 15, 2019, 07:00:23 PM |
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BTC breaking out.
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BitcoinGirl.Club
Legendary
Offline
Activity: 2758
Merit: 2711
Farewell LEO: o_e_l_e_o
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May 15, 2019, 07:00:34 PM Last edit: May 15, 2023, 12:38:53 PM by BitcoinGirl.Club Merited by El duderino_ (1) |
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LOL BitcoinCashClassic BitcoinCashCash: BitcoinCashCashCash BitcoinCashCashClassicClassic BitcoinCashCashCashSV BitcoinCashCashClassicClassicSV
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Biodom
Legendary
Offline
Activity: 3738
Merit: 3844
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May 15, 2019, 07:02:06 PM |
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An OG with 50k coins will have more power than most countries do now. ~150 of them will have half the world's wealth. By far the most people will not have any money at all. Bitcoin will bring about a new feudal technocracy. But first, complete chaos.
That very well may be, but how exactly would you exert that wealth without spending precious bitcoin and thereby, reducing your bitcoin stash? Bitcoin lending? Why would some lend a deflationary asset? Borrowing cash against your btc stash? That can turn ugly at 80% drawdown. Bitcoin interest-a ridiculous idea that is not even practical without someone rehypothicating bitcoin, which should be a bad habit. I am close to 100% certain that blockFi will kick the bucket at one point or another. You could do lending crypto to crypto with a smart contract with assets put on the line as collateral but of course this would need to be all cleared by the government as binding before anyone would risk it. Yes, my point is that you cannot do anything without spending or somehow lending it out, so OGs will have difficulty influencing much, unless some secondary markets develop. They could buy stock in Volkswagen as they own Lamborghini and that shits going to spike. That might be a safe bet actually 😉 LOL..so that 2008 superspike in Volkswagen stock was maybe a premonition of things to come? JK https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028bitcoin was the second time in my life that i tried to invest in something. first time was ... well... the dotcom bubble. i had $10k to invest, went to my bank and told i want to invest in tech companies. my banker gave me a list of stocks he would recommend. i invested $9k in internet stocks and told him i want to put $1k in something as far away from internet stocks as possible. he did not like that idea and tried to talk me out of it. i insisted and picked volkswagen. wasn´t a hot stock at that time, the banker shook his head. a few days later the dot com bubble bursts and within just a few days my portfolio went down from $10k to $1k (the VW shares did not move a bit), all tech stock i had was worth only pennies. i bought the very very top of a multiyear bubble. man, i got so mad. i swore to myself i would fucking hold that those vw shares until they 10folded, so i would come out clean. everyone told me it was a stupid idea because stocks of car companies never 10fold. 8 years later (!) the vw shares made a sudden 10fold and i sold right away. the banker never looked into my eyes again and i had learned a big lesson. when i bought my first bitcoin it again was at the very top of a bubble. bitcoin started a 90% nose dive one day after i bought. i still own the dot com bubble stock. still worth only pennies. in harsh contrast to the btc i bought. What a cool story, thanks... I first made quite well on internet stocks (being an investment newbie back then), then lost almost EVERYTHING, apart from money I cashed out during 1997-2001 on family expenses and a house downpayment. Had to rebuild my stocks back from a low number, mostly in retirement accounts, but, hey, I got a house out of it back then. The propensity for "risky" bets reared it's head again with btc, lol.
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BitcoinGirl.Club
Legendary
Offline
Activity: 2758
Merit: 2711
Farewell LEO: o_e_l_e_o
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May 15, 2019, 07:02:14 PM |
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BTC breaking out.
$8,247!!!
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Biodom
Legendary
Offline
Activity: 3738
Merit: 3844
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May 15, 2019, 07:03:11 PM |
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BTC breaking out.
$8,247!!!kawabangaaa!
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fillippone
Legendary
Offline
Activity: 2142
Merit: 15393
Fully fledged Merit Cycler - Golden Feather 22-23
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May 15, 2019, 07:04:55 PM Last edit: May 16, 2023, 09:14:26 AM by fillippone |
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SBTC is actually a real BTC fork: Superbitcoin (SBTC) https://forkdrop.io/super-bitcoin
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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May 15, 2019, 07:06:44 PM |
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BitcoinGirl.Club
Legendary
Offline
Activity: 2758
Merit: 2711
Farewell LEO: o_e_l_e_o
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May 15, 2019, 07:13:01 PM |
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BTC breaking out.
$8,247!!!kawabangaaa! $8,129
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BitcoinGirl.Club
Legendary
Offline
Activity: 2758
Merit: 2711
Farewell LEO: o_e_l_e_o
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May 15, 2019, 07:14:25 PM Last edit: May 15, 2023, 12:38:45 PM by BitcoinGirl.Club |
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El duderino_
Legendary
Offline
Activity: 2492
Merit: 12000
BTC + Crossfit, living life.
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May 15, 2019, 07:15:43 PM |
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JP Morgan is telling people that the trade war between the US and China could boost safe haven currencies. Bitcoin is the best safe haven currency in the world. Nervous about global chaos?? Buy the strongest non-sovereign currency. https://twitter.com/APompliano/status/1128737698565500928
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