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PhoenixZephyrus
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January 29, 2021, 08:18:07 AM |
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Can someone explain why that is so though? Can't exchanges similarly just "stop" people from buying bitcoin? I get that people can still do P2P transactions, but what happens if the "big" exchanges treat bitcoin similarly as RH did, restricting the buying...what happens then? |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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AlcoHoDL
Legendary
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Activity: 2352
Merit: 4145
Addicted to HoDLing!
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They don't care about BTC and its success, they only want to generate huge green candles, and they can do that with DOGE. It's a symbolic move for them. Which goes to show that coins like DOGE are like rolling a dice and hoping a GME event will happen to pump it. It's pure luck, and the motivation of holding it is hoping for a mega-pump, then sell and run. They don't give a rat's ass about DOGE.
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Karartma1
Legendary
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Activity: 2310
Merit: 1422
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January 29, 2021, 08:33:52 AM |
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I feel bad for everyone who will get dragged in and be left holding the bag at the end while these assholes just move on with their lives to the next thing.
This is actually the only part I feel bad about. Indeed, there's gonna be a lotta casualties. Press F to pay respects. However, whenever rare combinations of technology and regulation exist where the transfer of wealth from the upper to lower classes can be accelerated, they should be taken advantage of to the fullest extent. It's the least that should be done considering the reverse has been in effect for decades. They won't be able to get away with it forever, and regulators won't be able to shut them down ahead of schedule in their next incarnation. Plan accordingly. It's inevitable. I remember the altcoin P&D drama and madness of 2013-2014. There will always be people that can get easily fooled into believing that one coin can make them rich quick. I am sorry but I can pay no respect to such casualties. Do you know what I mean? |
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u9y42
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Activity: 2562
Merit: 1071
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January 29, 2021, 08:36:31 AM |
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You have to wonder why Doge when there's BTC. I'm not sure if I have the order of tweets correctly but fisrt coin mentioned by WSB was Doge, second was BTC, then the last I saw was Link.
DOGE did do $21 billion volume today, which is quite impressive and makes it #4 among all coins traded. While the price of BTC could definitely be moved for that much money, the effect wouldn't have been as impactful on BTC's market cap as its easier to diminish, given how much more liquid its market is than Dogecoin's. So WSB wants to show the same huge green candle to mimic GME and that's easier to do with DOGE. I'm a bit late to the party, but is that DOGE stuff actually connected to WSB (Reddit)? I've seen nothing about it in https://www.reddit.com/r/wallstreetbets/ (I guess that's their sub-Reddit, /wsb/ is in private mode), or on https://twitter.com/wsbmod (according to the side bar, the official Mod Twitter account). |
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Paashaas
Legendary
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Activity: 3424
Merit: 4344
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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January 29, 2021, 08:44:47 AM |
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Twitter's gonna explode today  |
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PhoenixZephyrus
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January 29, 2021, 08:45:32 AM |
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Yeah some people are commenting on it but there are so many comments that DOGE comments seem few and sparse. However the discord server of WSB is being spammed with people telling others to buy DOGE  |
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AlcoHoDL
Legendary
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Activity: 2352
Merit: 4145
Addicted to HoDLing!
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January 29, 2021, 08:48:52 AM |
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Is Bitcoin horny?
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Paashaas
Legendary
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Activity: 3424
Merit: 4344
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January 29, 2021, 08:50:03 AM |
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That $2000+ rebound pump.
lol.
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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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January 29, 2021, 08:54:34 AM |
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my buddies Baiju and Vladimir are Subs of the Financial Industry. so sad!   |
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AlcoHoDL
Legendary
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Activity: 2352
Merit: 4145
Addicted to HoDLing!
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January 29, 2021, 08:55:50 AM |
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This is NOT a pump for ants.
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600watt
Legendary
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Activity: 2338
Merit: 2106
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January 29, 2021, 08:56:48 AM |
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jesus. did michael saylor just step in and saved the pump?  |
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Icygreen
Legendary
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Activity: 1463
Merit: 1135
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January 29, 2021, 09:00:05 AM |
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Fire one!
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Paashaas
Legendary
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Activity: 3424
Merit: 4344
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January 29, 2021, 09:00:24 AM |
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Elon Musk bought a pet toy online the stock rose with 9%. Everything Elon touches turns into gold. Now he added Bitcoin on his Twitter account. This is big.  |
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AlcoHoDL
Legendary
Offline
Activity: 2352
Merit: 4145
Addicted to HoDLing!
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January 29, 2021, 09:00:30 AM |
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Dafuq?
Are we rich again?
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ghandi
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January 29, 2021, 09:00:31 AM |
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holy cow! This is a very spectacular end to an correction |
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bitcoinPsycho
Legendary
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Activity: 2464
Merit: 2071
$120000 in 2024 Confirmed
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January 29, 2021, 09:00:58 AM |
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Mega bull is back in town  |
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somac.
Legendary
Offline
Activity: 2056
Merit: 1188
Never selling
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January 29, 2021, 09:01:08 AM |
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Dafuq?
Are we rich again?
No. Bitcoin is dead. You know that. So don't ask again. |
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somac.
Legendary
Offline
Activity: 2056
Merit: 1188
Never selling
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January 29, 2021, 09:02:39 AM |
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Big move is due to break of the triangle formation. let's hope it is not a fake breakout.
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