C'mon Bitcorn, drop to below $8122 or break out of $8321 already. You're killing me.
Why everything is so tightly coupled with BTCitcoin??
The usefulness of these coins is mostly limited to buying bitcoin, that is why there value follows bitcoin.
No, it's because Bitcoin has the largest trading volume, thereby, the biggest liquidity. It has in fact became the de facto standard currency of the crypto world. In the same way, US dollars is the standard in spite of the US Government printing more of it.
If the US economy and USD goes down, all of the countries that rely on their economy and fiat will go down too. Same with BTC and crypto.
“Our system would operate on a layer above the blockchain, and we’d keep our own omnibus ledger apart from the blockchain,” explains Loeffler. The Bakkt design isn’t revolutionary. It closely resembles a technology called “the lightning network” that’s already in use. In the lightning network, the same two participants, say an appliance-maker and a parts supplier, engage in multiple Bitcoin transactions. As long as the parties are using a fixed number of Bitcoins to buy, sell from one another, and store for that purpose, the transactions aren’t reported to the blockchain, and zap back and forth within the same ecosystem.
Once Wall Street gets the flywheel whirring, Bitcoin would gain the liquidity to become a bona fide currency. Sprecher and Loeffler predict that multinationals would then adopt Bitcoin for international payments. “The banks control international payments, and the system is very expensive,” notes Sprecher.
”Bitcoin would greatly simplify the movement of global money,” says Sprecher.
“It has the potential to become the first worldwide currency.” 
Isn't awesome to have the half wits tell us what we already knew as if its some new revelation?
ENTP
It's their attitude towards cypherpunks: "Yeah, you got lucky inventing an awesome financial tool, but leave it to the big boys to improve on it and spread its use around the world."
Check out the number of unspent outputs.
https://www.blockchain.com/charts/utxo-count?timespan=1yearI think once it breaks above 55 million, we will all be happy.
I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.
Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.
Unless it doesn't
The fundamentals are different now. I've seen die-hard Bitcoin fans sell sub $200 last bear cycle (I have zero respect for those idiots), thinking that maybe Bitcoin is really just a fad and that most people's opinion that there won't be a financial revolution that would threaten established banks.
But now? Everybody agrees cryptocurrencies are here to stay. The question is which ones. Always. What's happening now is just market cycle things, parabolic rises are always accompanied with gut-wrenching crashes.
Can't wait for $7500 resistance be breached convincingly otherwise back to $6700 area again.
prepare for the dump?
Looks like it. Short squeeze apparently forming at $5,300.
Can't believe my eyes... a couple of consecutive bearish posts in WO thread?!?
Come on guys, let's not change the trend of being only bullish here!
Well, one thing is for sure. The price won't go beyond $6,000 level with one go. A lot of shorters waiting up there. It is an obvious spot to short being a long time support level last year.
Well, I already did cash out some of my long term holdings since 2014. Something like 10x from starting capital. So in effect, all the crypto holdings I have now is just pure profit, win or lose on trades.
For first time investors, this bear market is probably the best time to accumulate. And you should set buying triggers on known support levels if the price goes down further. Apply DCA on that.
LMAO, the BTC price is not even showing a parabolic rally....yet. Newbie indeed.
The problem with selling 90% of your Bitcoin stash is that now you have to check the price twice a day or even every hour because the bull run is just beginning and maybe you wake up and the price is a lot higher than the price you sold.
I experienced this with some altcoins. I sold at 10x thinking I'm so smart but then it went up more to never come down again. It went up 40x more. Even with the long bear market, the price is still 3x higher than I sold.