Bitcoin
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- zaq-1
If someone would like to learn more about crypto besides currency gambling I recommend to read this post from Andreessen Horowitz
- shapesalad-2
I got £100 worth of bitcoin for free, I bought last saturday on a whim, well exchanged my Euros to BTC using Revolut, after watching this:
Anyway, not sure what I'm doing regarding BTC, so I took out my original value of € and now have £100 worth of free bitcoin due to the rise over the past 5 days. Yay me.
The more I read up about bitcoin the more conflicted I become on whether it's worthless or the best thing during this crisis. If you buy 1 bitcoin today, in 10 years time you'll still have 1 bitcoin - you don't slowly gain 2 or 100 bitcoins from holding one, you don't collect dividends, it has no worldly use (gold can be used in electronics at least). It's all based on what someone else is willing to pay for it.
On the other side... Fiat currencies are nothing more than worthless numbers on a computer typed in by central banks, and due to all this extra 'printing' are becoming worthless and at risk of either hyper inflation or serve deflation, or worthless compared to another currency...and gold requires either holding it at home(risky) or paying for storage... so BTC seems 'secure'...
Either way, prefer to have this 'free' £100 worth, than anything I've actually worked for.
- [There was no point to my report here]shapesalad
- btce got taken by gov and i lost my btc. its a new invest vehicle like a currency in a game. regardless of implied value i think it is likely one of the worst********
- however popularity can give something inherent value . and that can be traded for a short term profit. like baseball cards when they were hot.********
- zaq0
https://www.etherealsummit.com/
Highly recommend to attend one or few of the sessions at the summit. Bitcoin started during a financial crises, now blockchain as a platform will solidify. There’s more to it than just gambling.
- NBQ00-5
Usually if it’s too good to be true it usually is.
Also there’s no such thing as free lunch.
- drgs-1
- ESKEMA3
I really don't get why anyone would be against decentralised, uncensorable sound money.
- its pure volatility and history... not to mention clones and competition with few whales controlling popularity and pump and dump********
- in theory it's nice, but really what is the difference between current system. a small few with access to control and manipulate capital?********
- wouldn't early adopter be like the rothchilds, and companys with capital to mine be the exxons. and it would all rely on heavily gov regulated backbones...********
- prefer the the non traceability and liquidity of cash still.********
- No because on the current system, there is also all the manipulation you talked about, and they also control the source, and it's printer. they can take it awayESKEMA
- from you and as you're about to see, they can fuck it's value into oblivion.ESKEMA
- sure it's volatile, but thats expected. We're not even close to find BTC true value, it will take years. And it will keep going up, because more and more peopleESKEMA
- will realise it's a safer than banksESKEMA
- and clones and competion are fine. We have hundreds of currencies worlwide, no problem there.ESKEMA
- I am much much much much less worried about my money in the bankdrgs
- because you don't live in venezuela, argentina, zimbabwe or iran.ESKEMA
- What is missing the ability to use crypto to actually buy things. Right now it is still just a form of digital gold.yuekit
- I wish it was more widely adopted, would be great to not have to worry about bank transfers or changing currency when traveling.yuekit
- Imagine landing in a new country and buying something from a local shop with your phone. No intermediary, that was the original dream right?yuekit
- it is, but probably years away. Because of it's nature and volatility, I don't advise buying anything with bitcoin at this point. you will regret it laterESKEMA
- No buyer will spend Bitcoin if it increases in value. No merchant will accept it if it loses value. A currency is useful only if it represents the same value ondrgs
- Both sides of the transactiondrgs
- other cryptos will fill that role. Think of it more of an investment.ESKEMA
- down the line, it will stabilise in value and there'll be more ecosystems built around it, that's when you use it. right now, just accumulateESKEMA
- Facebook's currency was definitely aimed at that niche, but it looks like it won't be happening now.yuekit
- its pure volatility and history... not to mention clones and competition with few whales controlling popularity and pump and dump
- NBQ001
Nice little sudden dip from 10K to 8600, hmm.
- NBQ00-2
- zaq1
Bitcoin Halving Just Occurred
Coinbase transaction message in last mined block with 12.5 BTC subsidy: "NYTimes 09/Apr/2020 With $2.3T Injection, Fed's Plan Far Exceeds 2008 Rescue"
https://blockchair.com/bitcoin/b…
Google for the first message that was minted
- https://archive.nyti…zaq
- second entryzaq
- what? half of what? it's not half of its peak in the last 12 months, it's not half of its trailing average, it's actually close to twice the price of its bottomzarkonite
- zark - it now takes twice as much computing to mine 1 bitcoin. In its history this has lead to the next jump in price - over the course of a few years.inteliboy
- Is this like when a stock splits?Gnash
- if you care about mining energy, check Ethereum 2.0 Proof of Stakezaq
- aaah ok this is about mining, thanks!zarkonite
- drgs4
Halving or not, I think Bitcoin has lost most of its narratives
I don't think anyone at this point believes that Bitcoin can be some kind of global currency (7 transactions per second for the whole world to share, this has been thrown out of the window long time ago), a store of value (60% drop from Feb to March), protection from inflation or financial crisis (what happened in March; it's like there is a fire and Bitcoin ran in front of all women and children).
Bad truths have been revealed about Bitcoin. The sentiment is very different from what it was in 2015-2017
Plus, the only trend line that mattered broke. Bitcoin didn't go to zero in March only because BitMEX deliberately crashed their servers to halt the liquidations cascade
https://cointelegraph.com/news/b…These collective margin calls are getting more and more extreme, whichever way, up or down. In the end its not going to end well.
To be clear, I'm in it only for the money, I want to see Bitcoin prosper, but I despise all of crypto space.
- Mate, Bitcoin is literally "sponsored" with real money because you all "believed" in it. There is no bitcoin.grafician
- This sentiment is the same as "Apple is doomed!". Even though I half agree.inteliboy
- ^Apple has $192 cash reserve Q2 2020 what are you talking about?grafician
- All Bitcoins total "value" was $160 billions 4th March...suckers money.grafician
- That's only 1.6% of total gold value - gold being "real money"grafician
- Bitcoin halving just happened, might as well mine gold directly instead of this shitgrafician
- @drgs pull your money, invest in some barber shops, everybody needs haircuts, profit lolgrafician
- And adding to all that, it’s not tied to anything that people can understand or measure as success or future performance. It’a flying blindmonospaced
- Still waiting for that technological breakthrough or project that brings crypto to a wider audience.yuekit
- I mean - "Apple is doomed!" is exactly the same as "BTC is doomed!". A tired parroted idea repeated over and over.inteliboy
- Difference is Apple is not doomed and Bitcoin is vaporware...Can't compare.grafician
- Sure. But every dismissive comment like that in this thread hasn't aged too well...inteliboy
- Same can be said regarding bitcoin lolgrafician
- It's been 11 years, take a hint alreadydrgs
- I don't know, but I got 5$ in bitcoins from qbn like 6 years ago...2 years later it was 100$...I bought some sofware with it, had 20$ left, today it's 80$ againuan
- it kindof works if you aren't into finance stuff. like in a more cyberpunk way.uan
- ESKEMA1
I completely disagree with the text above.
But, one thing is for sure, Bitcoin isn't about daily transactions. The same can be said for gold. Nobody uses it to buy coffee either.
Bitcoin's place will be to store value, and it's not going to happen before it reaches the 1M+ in 2 or 3 more halvings (halvenings?) The derivatives / margins / futures market is a brutal one, even more when you put nobodies trading against whales / professionals. The market is still minuscule and easily steered towards one whale's actions. The violent moves are expected near the halving because of all the speculation and media attention towards it. Some say it will pump, some say it will dump, the markets play with that.Paul Tudor Jones, regarded as one of the best hedge investors just announced he put 2% of its net worth (he's worth 5 Billion) in bitcoin, expect more investors to follow suit. This pandemic really shook the whole financial world, exposed it's cracks, and the crypto landscape has matured enough to be a viable solution.
You say it lost 60% from feb to march, but in reality, it is up 20% since jan, it already recovered the market crash (which was / is ) a global economic crash of epic proportions never seen by anyone still alive.
The crypto space is full of shit, but what isn't?
P.S. The halving takes place every 210 000 blocks (~roughly 4 years, just happened today for the third time), and cuts in half the subsidy paid to miners for minting a block, i.e, every 10 min, a new block is minted, which contains and confirms the new transactions, and for that, the miner gets bitcoin.
The subsidy reward went from 50btc, 25btc, 12.5btc and is now 6.25btc. Every time this happened, the price pumped to all time highs some time after it (not immediately after, but expect the price to rise in the coming months)- Mate, if "Satoshi" would pull his "bitcoins" today, Bitcoin would crash forever. Get a grip.grafician
- The IDEA of Bitcoin is very nice, but the implementation is shit.grafician
- Bitcoin is literally the biggest example of sunken cost fallacy ever.grafician
- why? you sound like a bitter guy who lost his money trading and blames btc instead of your own faults.ESKEMA
- the first car wan't that great, the first computer wasn't that great, the early internet wasn't that great, everything in it's early days isn't great. You needESKEMA
- Invest in tech stocks and gold and hide your money in the Caymans like everybody else, fuck!grafician
- to see where it's going, not where it's atESKEMA
- haha graf you're not wronginteliboy
- ESKEMA I never traded, I have no "stake" in this shitgrafician
- inteliboy I'm the real Satoshi lolgrafician
- then why the hate? really curious..ESKEMA
- hate may have been thrown out loosely thereESKEMA
- There is no hate, I'm just telling it like it is.grafician
- Btw Satoshi can't really pull bitcoins as he hadn't any in the first place. This is a closed system, "pulling" would cause it to crash as there is no pullinggrafician
- You guys invest in bitcoin as it were the stocks market, that is NOT the case.grafician
- As is if I "invest" 1 billion I bring 1 billion to the system but if I pull I take my billion AND your money if the value is bellow my 1 billion...grafician
- So if you invest in bitcoin you basically trap your money...this is why this system is shit.grafician
- you're not trapping money, you're exchanging a trap currency for sound money. Fiat is not money, it's a currency.ESKEMA
- Mate stop it, bitcoin is not currency, $ is currency, if I get it at $1k and I pull at 900 I'm taking $100 out of YOUR money "sucker"!grafician
- Investing in bitcoin is like voting for Trump, everybody thought they were making America great again BUT you all got scammed lolgrafician
- But nobody wants to admit this and cut his loses that's why Trump is still president and bitcoin is down afgrafician
- Btw also if bitcoin is halving, that means it harder to mint so less ppl buying in on a finite "asset" so how can the value will go up? With what money?grafician
- Invest in Nvidia and solar power if you want to see more bitcoin minted...grafician
- you're talking things you don't understand. the only people loosing money are the ones who bought above that line: https://thumbs.spee.…ESKEMA
- and it's not going to be for much longerESKEMA
- ^^ https://i.postimg.cc…ESKEMA
- Waiting....judging...
At what number did you buy? How much you're losing if you pull now?grafician - nah man, I'm not the one judging here. I'm playing defense.ESKEMA
- zaq1
- drgs0
PayPal plans to roll out direct sales of cryptocurrency
https://www.coindesk.com/paypal-…- Surprised there was not a bigger surge based on that newsyuekit
- https://bitcoinist.c…drgs
- utopian0
Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far.
- Krassy3
Bitcoin scam hacks Twitter accounts of Obama, Biden, Bill Gates and others
https://www.axios.com/bitcoin-sc…
- how did obama get my wallet address??sarahfailin
- Jeff Bezos promised $50 million.
what an awesome morning!sted - It's amazing that this "send me your Bitcoin" scam still worksyuekit
- what if it's not a scam and those who got "hacked" coordinated all this? lol
https://media.tenor.…Krassy - ^ (making it an epic scam)Krassy
- Compromised API. Twitter supposed to release new API. Looks like someone is taking a chance at exploit before old API is disabledzaq
- ^zaq internal access dashboard got compromised, the scammers had control over any accountgrafician
- https://www.vice.com…grafician
- they made $110K so far https://www.blockcha…zaq
- interesting they didnt hack trump. they avoided him like the plaguehotroddy
- apparently his account has extra protectionsernexbcn
- NSA backdoor hacked, lolMilan
- is it about the post as much as the DM info?********
- sarahfailin0
It's time for bitcoin to make a big move. It's been very flat for weeks. My charting puts it *below* a long-time, logarithmic support going back to 2015. Declining volume also is an indicator that it will move down. But what do I know. Nothing makes sense anymore!
- According to John McAfee Bitcoin should’ve been at $200,000 by nowNBQ00
- I'm leaning up. 14-16k by the end of 2020.drgs
- It never made sense.monospaced
- Wasa wasa wassa wasssup!drgs
- shapesalad0
@sarahfailin
Wait for ADX to go above 20:
