Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15006. (Read 26715010 times)

Off to bundle-up, hop on a horse, and start makin' muh way around the snowy countryside, lookin' out for them coyotes.

So are we going to break through $12k today or what ?

Yes, very good movie. Performances all around fantastic.

I haven't watched that movie, no. Is it worth the time?

that's exactly how i present crypto to people, as a lottery with benefits. Nothing more, nothing retardly idealistic, just plain stupid speculation.

No, I haven't either. But equity hasn't always been regulated either. Regulation adapts to reality, not the other way around. Again, altcoins are extremely risky and require a lot of time and know-how to even have a chance of making profits without losing it down the road. But that doesn't mean that they're all bad.

Stocks carry very similar risks as well, despite being regulated. The lack of regulation is simultaneously a threat as well as an opportunity. It depends on the individual which aspect will outweigh the other.

Have you ever seen an ICO company that says "There will only ever be [X] number of these ICO tokens issued. Each one represents a VALID and LEGALLY DEFENSIBLE equity ownership share of the company."

I haven't.

Which is why it's all the more important to identify tokens that function as equity in a company with realistic and reaonable future prospects. The (overall) altcoin market is pretty insane for sure though. There are still people who believe in BCC apparently.

Except that the majority, like 90+%, won't increase their BTC stash with altcoin trading. They'll actually lose money, and would have just been better off buying bitcoin and holding it instead. The [altcoin]/btc ratio trailing downward on the majority of altcoins proves my point.

You are 100% right with everything, except the conclusion. The LN establishment as altcoin killer will not happen overnight, it's a process that will have markings on the wall as the journey unfolds. There will be plenty of time for anyone reasonable to exit the altcoins in time. Meanwhile, they are the vehicle to increase your BTC stash, which is in essence what Dabs said. I absolutely don't see anything wrong with it.

You are 100% right with everything, except the conclusion. The LN establishment as altcoin killer will not happen overnight, it's a process that will have markings on the wall as the journey unfolds. There will be plenty of time for anyone reasonable to exit the altcoins in time. Meanwhile, they are the vehicle to increase your BTC stash, which is in essence what Dabs said. I absolutely don't see anything wrong with it.

The problem I have with altcoins, is this:

Once Bitcoin established itself as a near-perfect digital gold 2.0 like store of value, as well as something that can be used online as a currency, then investing in anything else trying to do the same thing (i.e., an also ran) made zero logical sense.

If people want to gamble with also-rans that's fine. But there is a deep seated fallacy in comparing a fly-by-night project that all it has to show for itself is a single anonymous dev, an online token, and a back-of-the-napkin scribbled future roadmap as even being in the same league as Bitcoin.

I also have a real issue with also-ran cryptos that claim to have solutions to problems that don't exist, or will never really exist. App-based tokens. History is literally littered with such IT projects that go nowhere and do nothing. Especially pay-to-play apps, that will compete with other apps that are free and do the same thing. That is beyond absurd.

The problem I have with altcoins, is this:

Once Bitcoin established itself as a near-perfect digital gold 2.0 like store of value, as well as something that can be used online as a currency, then investing in anything else trying to do the same thing (i.e., an also ran) made zero logical sense.

If people want to gamble with also-rans that's fine. But there is a deep seated fallacy in comparing a fly-by-night project that all it has to show for itself is a single anonymous dev, an online token, and a back-of-the-napkin scribbled future roadmap as even being in the same league as Bitcoin.

I also have a real issue with also-ran cryptos that claim to have solutions to problems that don't exist, or will never really exist. App-based tokens. History is literally littered with such IT projects that go nowhere and do nothing. Especially pay-to-play apps, that will compete with other apps that are free and do the same thing. That is beyond absurd.

You think that if a company that had a Twitter-like app came out, but had a token that they made you buy in order to use it (for "fuel"), that they could in any way compete with Twitter (a free app)? No. Fucking. Way.

I consider the altcoin market as an easily accessible venture capital market, and I have significant positions in some of them.

The overwhelming majority is certainly trash and I wouldn't touch it with a pole, but I don't think that anybody can rationally explain away all of the altcoins.

I prefer staying out of "Bitcoin clones" and "next-gen Bitcoins" though (smallest positions for good measure) - mostly because there are no fundamentals to analyze; while investing in seeds that can realistically be achieved and sustained with predictable lower-end returns and potentials when thrown into a portfolio.
Granted that's a lot more work than just holding Bitcoins would be, but I also find it more interesting by virtue of keeping an eye on the entire beast that is blockchain and cryptocurrencies, which I do believe will become equities 2.0.
I would be quite surprised if traditional stock markets were still relevant a few decades from now, and the fact that common people at least have the access to VC is also quite big (which is something that crowdfunding platforms completely failed to accomplish due to their outrageous fees and crappy policies).

I'm trying to compare the hashrates, to get a better sense of bitcoin dominance. Instead of looking to the bitcoin dominance in the market cap which has it flaws.
snip

I'm wondering do i need some kind of correction factor for the Ether Hashrate?

*
Data from:
https://bitinfocharts.com/comparison/hashrate-btc-eth-bch.html#log

Hey guys, I started 2016 with almost nothing, just a little more than 2 digits. It went to single digits by end of 2016 or beginning of 2017. By middle of 2017 it went to double digits again. And bitcoin's price was rallying too. I took a month long vacation during summer, then went back to see my hodlings kinda doubled (in fiat value) but remained the same in bitcoin.

As Torque implied, I was probably one of those kids in 2012 who bought some bitcoins worth $1500, waited for it to double to $3000, then cashed out to buy toys or whatever. I repeated that performance in 2013 to 2014 with Litecoin (from $20 to $40, worth about another $1000).

The coulda shoulda woulda ... the 20/20 hindsight, we all should have just bought as soon as we discovered bitcoin and hodl'ed until either 2014 or 2017 (take your pic, you either did 1000% or 10000%)

Some of us did. A lot of us did not. Some got "roached" and I can clearly see the bitterness as I continue to not ignore him and read his posts (and again, they're all still wrong, he just loves his dead pyramid ,... pyramids do function as tombs for god-kings, but they're dead.)

Anyway, I missed the last 30 or 50 pages recently, was busy dabbling in alts again and watching my almost triple digits remain double digits ... but I didn't actually trade anything, I was just watching. A few of you did take me up on my offer, but the rest of your remain apathetic towards alts in general, vehemently violent against a few in particular.

While we don't understand some of them, it is interesting to note that their biggest supporters in this thread (and outside this thread) do have or revealed to have or had at least a thousand coins of BTC as well as BCH, so there is something to learn from them.

So, while I can't just yet retire on $4 million, maybe if I hodl long enough while living off the rest of my other crypto "earnings" or hodlings, some of you guys will be obscenely rich beyond imagination and I'll be content or happy with whatever I get, probably close to double digit millions, hopefully.

Still double digits BTC here ...