so 275 is the bottom for you?
I have no idea, but I would guess so.
It is difficult to value btc but the price has been higher than 275 for over a year now. In that time a lot of positive things have happened in the space, many that would not have been predicted with a straight face just a year ago.
We are in Holiday season and nothing that happens now is really that significant IMO (see volume). I think we see another pump next year which will draw in the next adoption wave.
Bottom is around 245 for me right now. Panic buys should start if it goes below there.
The next 2 days are critical. [...]
Everyday is a critical day, for the better or the worst...
For what? We won't see any significant drop in price anymore, market is stalled. Bullish trend is slowly forming, but it might take more than 2 days.
Price has been totally dull throughout whole day, tomorrow might be the same. We are now in the period of stability more than anything else.
Lol, look again. Somebody took a big dump. The filthy chinamen public bank of china doing inside trading with chinese whales? or just random whale panicking? stupid ass whales with shaky fingers can drop massive red candles out of fucking nowhere apprently. That shit was insane. 920 to 900 in seconds fucking hell.
Scenario:
Apocalypse happens,
So tired of people claiming gold and silver are only useful during a zombie apocalypse. The last time I checked, the percent of time metals are used as money is about 4 billion times higher on normal afternoons than mad max scenarios. As for why everything except silver and gold are trash:
The real question is, why would anyone use such a thing over gold and silver? It's blatantly obvious no cryptocurrency is an actual store of value. How could such a thing be that doesn't even exist in the first place? That's why it has the word "currency" in the name cryptocurrency and not "money". All currencies are inherently worthless and go to zero on a long enough timeline, while only gold and silver remains. Since money is a zero sum game, allowing anyone to pretend to be god and act as a central banker issuing currency for profit is a master and slave dynamic. Hence anyone not using gold and silver is a slave.
Bitcoin kind of tricked people into thinking it replicated those dynamics of gold and silver, but in reality it's designed to centralize into a rent seeking usury system controlled by mining cartels, and those are the new central bankers. So the fact still remains, anyone not using gold and silver is a slave.
This was already addressed here:
Guys like you always lose. You will spend your life fruitless i know people like you. Stuck in their ways cant see the market. Dont try to make the market do what you want do what the market wants. Gold is hopeless.. it was left behind for a reason. Commodities are headed back to utility value and under that to test miner resolve. After that we will see black swan which will send it to some nice lows. Then we will see.
What a load of shit. A "black swan" to send metals to "nice lows" HAHA. The only black swan capable of doing anything to metals is a black hole swallowing the earth. Meanwhile, there's about 1 million black swans that can destroy bitcoin. So many liars in this thread claiming bitcoin is a more sound monetary system. Anonymint has also jumped on the lying bandwagon where he used to parrot Armstrong's claim that the purpose of metals are "a hedge against government", then he started claiming cryptocurrency is better than metals except cryptocurrency provides no hedge against government whatsoever. Cryptocurrency is a massive counter party risk to government. You're using the governments infrastructure to even use it for fucks sake. So by his own definition there is no purpose to cryptocurrency.
This doesn't seem like a good hedge against government. Sure laws are laws and they are there to be (or not) followed, so you could hide your shit, but it's still there somewhere and they can find it.
If you hide a bitcoin wallet inside an encrypted hidden volume you can claim plausible deniability. So gold being a physical thing (that so many goldbugs love because "if you can't touch it then it's useless") is its greatest mistake.
Also have fun trying to cross any borders carrying gold. Tbh gold is useless in a post-encryption environment. Sure, there's a lot of problems that come with using something like bitcoin, but overall it beats gold as "a hedge against government" in my book.
If bitcoin forks tho, and we get 2 fucking coins... then yeah, it probably failed as a store of value, but it's doing good so far.
All currencies are inherently worthless and go to zero on a long enough timeline, while only gold and silver remains.
You know what else goes to zero on a long enough timeline? your life, all billionaire's lives and their power delusions, all money, and eventually the universe itself.
rumours of a flood in Sichuan devastating a mine
nice water-cooling
post
At what point would you consider the segwit attack scenario expired? or it will be a constant realistic threat forever? What if it doesn't happen in 2019.. 2020.. 2025. At what point would you assume it doesn't happen (if ever)
The way I see it is, if you believe segwit is safe, then you have a bet opened against MP and co, anyone with power that doesn't like segwit basically, and this includes Jihan btw. On a long enough timeline if these forces collude you could lose that bet and then you are fucked, meanwhile if one holds 1coins then your btc is safe, and if Core ends up winning your btc is also safe. This gives you an incentive to keep coins in 1addresses already. Also if you need to "convince people to keep money in segwit addresses" for segwit to be safe it just shows it can't be safe, it's actually insane if that's the case. I dont know the technical details on this but i've kept my coins in 1addresses since segwit went live because of intuition. Any upgrades in bitcoin will always be controversial by default for whatever reasons, meanwhile no one is going to be able to defend going against the original format because the main point of bitcoin is always backward compatibility so who the fuck would be against that without being seen as an enemy. Therefore the default place to be is 1adrs.
PS: no, im not a big blocker or altcoiner. I dont understand why people assume that you are a bch fanboy if you criticize segwit in any way. Im not a fanboy of anyone, i dont care about anyone involved in these power wars, i just want my btc to be safe when they are done fucking each other up, and the conclusion ive arrived is i should keep my money in 1adrs, for reasons explained above.