Topic: The truth about the 20k bitcoin last year (Read 1464 times)

Seriously are you thinking with some other part of your body to come to this conclusion. If you would have said about Tether i would have accepted half of your conversation instead of the scam bitconnect and Ethereum which is basically used to create tokens and nothing else, which market movement have you being watching to come to this conclusion

If you can convince one solid use of ethereum other than create fake tokens and swamp the market, what is the real use of that coin. How many merchants are accepting ETH in real use case scenarios and the fake as well as the ICO days are almost over and what makes you think that it will have a separate rally, the only rally that is going to happen is in bitcoin and ETH might move higher if the market recovers.

Seriously, I need for more guys just like you to come out of the woodwork. I'm actually keenly surprised that this month's fresh lows still haven't managed to coax more threads like this. Really need the stubborn bull sentiment to get crushed. Pity that the sarcasm was a bit too obvious.


Unfortunately, those 99% of people who didn't enter because they found an ICO probably later on did invest in ICOs. Poured all their nerd savings into gaping holes that only became apparent to them last year.

Agreed. Some said that it cannot dissaper from top 10 due to the amount of ICOs build on etherum (at liest 1000 tokens in coinmarketcap are build on ether). Well every suceed project moves to their own blockchain. VET, BNB, EOS and many more. Etherum become home for scam projects and kindergarden for few good projects which stops using ETH as soon as its popularity enable to start its own blockchain.

ETH for now is not scalable enought to hold the load from 1 project that hit mass adopion. Not even talking about rest 1000 tokens. Maybe thats why waves is beeing pumped so hard during last few weeks. Maybe its beeing prepered to overtake ether during next bull run.

Supported this view with a merit and completely agree with it

Recently I tried to install a plain vanilla Ethereum wallet (actually, both of them, i.e. Ethereum Wallet and Mist). And to say that I was disappointed is to say nothing as I couldn't even import an existing private key in it despite doing everything by the manual (using geth and so on). Somehow, I expected a more mature product from a project that has been sticking around for so many years. It was a def red flag for me to stay away from Ethereum (apart from aggressively shorting it on rebounds, of course)

"now prove me wrong, lol" 10 year old child can prove you wrong. 99% of crypto society learn about crypto from bitcoin and its crazy bull runs. It reach 20k not because it was usefull to buy altcoins (situation changed since now? why isnt it around 20k now? Is there less alts to buy?). It reached 20k by massive whale speculation just to show crypto world to masses. To bring money from street to crypto world by showing everyone "look if you were invested 1000$ in bitcoin in 2012 you will be reach now". Thats why it reached 20k.

Etherum is only altcoin with unfinished product full of bugs. There are dozens similar projects like waves, eos, trx, nem, stellar, neo. Etherum can disapper from top 100 in next bull run just like those coins from top 10 in december 2013. And its even more possible that overtaking bitcoin.
https://coinmarketcap.com/historical/20131229/

Omni -90%
Peercoin -80%
Namecoin - 75%
Quark -95%
Bitshares -~100%
Wordcoin -~100%


Yea. I think that less than 1% of crypto society entered crypto world because of interesting ico that he found. And those are not whales. Those are nerds with 1000-10 000$ to invest in. Its not the amount of money that will change price.

Last thing. If you buy bitcoin [btc price go up], than buy altcoin in ICO for your btc [btc price constant] than ICO team sells your bitcoin for dollars to pay for everyday spendings [btc price go down]. You see that its not pumping price...

I think you said something inconsequential
try to learn again, the increase in bitcoin is not due to bitconnect, it is wrong
because bitconnect is a ponzi scheme pattern.
one of the causes of bitcoin is pumped in 2017 because of the hard forks and lightning networks.

Here's another 1 million dollar question for you to answer

If Bitcoin is totally worthless as you claim, why is its price still in the realm of thousands of dollars? It is a simple reality check which you should run before starting threads like this. And it is not like it crashed only yesterday, so that you could say that the worst is yet to come. In fact, it may well be, but we have been going downhill for over a year already. Don't you think it is a bit too much for something totally worthless not to turn into complete trash by now? Remember, Bitcoin is still worth over 3k after so many months of downfall. Definitely not something you can sneeze at


There is nothing to prove as you should use a reality check first

Op must have lost a lot of money in the past all time high on 2017. Bitcoin has a use and it records all the transactions which is very useful when proving something that you own it. Like in our country, influential and rich people always take the land of the real owners that are poor and can't do anything in those situation. Btc will solve that pain so no one will experience that ever again.

Ethereum had one use case, to launch shitcoin ico scams. Nobody is buying this bullshit anymore, so ethereum has no use case. You are the pot calling the kettle black.

they are many factors which followed the trend of 20k bitcoin last year but in reality the price growth didn't last long enough we need to wait for 2 more years to see such huge spike

The OP message was mere baloney. Bitconnect, that scam project. What was its marketcap and its percentage in the whole marketcap? These are projects that came out of ignorance and period of development in the crypto ICO. People knew the project was a scam but the general scam alarm for every project prevented investors from taking it serious. I like to remind you that bitconnect is no more, and such scam will be prevented in the future.

^
then we joined @similar time into BTC



#HODL

How can anyone prove you wrong?  Only the market can do that with time. 

Also, this:
is demonstrably false.  I've purchased quite a few things with bitcoin, and only a couple of the vendors I've used bitcoin with accept ETH as well.  It's kind of rare to see a merchant accepting anything other than bitcoin if they take crypto at all.

As far as the $20k mark goes, yeah the market was in straight up bubble mode for a while and I figured it wouldn't last.  But damn, it was an exciting time to be holding bitcoin!  Unfortunately I don't think I owned much at the time, and I certainly wasn't actively trading or buying any.  When you get threads with people talking about selling their houses and buying bitcoin with their credit cards, on margin, and all that other happy horseshit, you know the market isn't rational and will correct itself soon.  I was expecting more of a rebound after the crash, but being in the $3000 range isn't bad at all IMO.  I recall when I first got into it, bitcoin was 10x lower than that.

and why would someone try to prove you wrong, you have made your case..... just go and live with that, don't bother people in here with your presence
just be good, go earn your fiat and never look @crypto again thats the best advice I can give to a NOCOINER

BTC is dead face it and this thread prooves it

not 1 single argument why bitcoin is needed, its laughable that you support this old ass overrated tech were the main people argue about austrian economics or some other crap that noone even cares about on this planet

face it, every bitcoin maximalist is a borderline retard and so is everyone that is attacking ethereum and NO im not an ethereum shill or anything, im just realistic or does anyone really think this chinese garbage tron or eos can challenge ETH in even the slightest way?

and Bitcoin, get off that train already, you better of buying into this shit of this lieing retard Craig Wright than hodlin this shit and you know it too

I believe you are and ETH fanatic, well, I'm like you, in my mind, ETH has a better tech compared to bitcoin so it should be adopted well.
There is a bull run but no one knows when it will come but I like ETH to have a separate ways and will only depend on the movement of bitcoin, I'm sure ETH has a big supporter, why would be panic easily when bitcoin dump, let's support our own coin and be independent so we will see a good value.

Well, Regret is only when you say that this is the End and you opt out of it. Selling is loss is surely the end of it. But Then if you hold the coins, the market will recover and you can cover your loses. But no one knows how long we have to wait as it can take another year until we see 10K or more.

There is no need to prove you wrong when you already did that in your post, the main reason the price went up was the excitement of people for the activation of segwit, you will see that after the activation of segwit the price increase was even faster, this created a feeling among investors that if they did not invested now they will miss the chance of their lifetimes but by the time they took the decision to invest, it was too late and the price crashed.

everyone has different abilities, as long as the comments are not out of the topic of conversation they are welcome to express their opinions. mutual respect is the most important thing here. I really appreciate your comments 

Let's just not bother with such comments.
We are all aware that some users are here only to get attention and don't have any constructive contrubution to forum. But the goal is completed, everyone is writting their comments. On the other hand everyone has the right on its own opinion, good or bad about something but I would add exclusion as long as it makes some sense.