Wealth transferred, mission accomplished. Absolute savagery. Why I ever thought this would end in anything other than tears I'll never know.
What “this” are you referring to and what “end” are you talking about? It’s like gibberish.
People going crazy because the line of a chart shows an unexpected alteration. Better to stay in bed for them if this worries.
I'm also not sure how people think they can predict the bitcoin future price, there's too much rubble at the moment to see clearly. It's like black friday all day for over two months, and some people bought too much stuff and are now selling that same stuff below price because they need food instead. That impulsive period of buying isn't where you should focus all your analysis if trying to make an estimate
For that same reason websites like WalletInvestor are extremely dangerous to believe in. If a future prediction is based on a very short period of extremity, then of course the prediction will follow that line of thought. It leaves however out of account the wider context, for example that this period is also the period where many new investors came and just invested in anything they could get their hands on. If one takes into account only the things that fit a certain point of view, then it's pretty useless to listen to, because that point of view itself is predictable. Great thinking.
This is a good entry point to scoop up extra cheap coins.
We'll never see this low again
To be honest I think that bitcoin will eventually become the coin where people talk about like "haha oh I still have that", while checking their offline wallet after some time. It already passed it's practical use when the transaction fees became absurd (fill in your own number), because as soon as a transaction rate exceeds that of a regular bank, why using bitcoin? People are holding bitcoin for the price fluctuation and for the forks, and currently it's the point of entry into the market for everyone. However as soon as there is a digital currency that is adopted by both government and community, I believe there will be a major capital shift towards that. It however doesn't looks like that is going to happen soon, except for maybe in China with NEO/GAS, assuming the rumors are true.
That flat line at 8750 looks like something out of mtgox
If so it seems to provide the desired effect, people are stacking on that wall and it is steadily growing (also outward/forward). I'm only checking Binance btw.
as soon as a transaction rate exceeds that of a regular bank, why using bitcoin?
Because you can send them to any address you like. Try doing that with banks, Visa etc.
I can do a cash transfer up to a certain amount here around the corner, and another one street further than that, etc. And that cash transfer can even be delivered at a home address (for additional fee of course), even an address that doesn't have a computer, internet connection or whatever. There are certainly major advantages to digital currency, but why take the first one ever accepted and never explore better options?
Both still have advantages. Banks for example also allow a 1ct transfer against no fee at a few seconds transaction speed. And I can send money to all of my friends and back again all day, just for fun, without the bank network stressing. Plus the bank guarantees savings up to 20-100k, depending on the people in government :') Anyone got a guarantee from Satoshi already?
US media in general blame USDT, lol, articles coming up one after another.