Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17334. (Read 26609776 times)

guys you see this....WOW,

https://www.reddit.com/r/Ripple/comments/68f1kl/japanese_banking_consortium_sbi_will_offer_xrp/

Japanese Banking Consortium SBI will offer BTC & XRP exchange directly to it's customers....

http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170301presentations.pdf

this whole altcoin bubble is going end up so badly.

I expect that the most altcoins will drop with 40%.

So much blood.

ETH/ETC pushing eachother to the limit to fight over the ETH chain power.

1 of them will burst.

Just because they pretend they're stores of value due to financial ignorance doesn't mean they are.  Another example is that I have relatives who make believe dividend paying stocks (whose average across the board on S&P is 2.3% or something) are somehow giving them free money.  The "official" inflation rate is something like 2.5-2.7% now (in reality probably a lot higher), so they're actually losing money by holding dividend stocks unless the stocks also rise with inflation.  

The stocks are at the top of a bubble though, so there's no reason for them to rise and it's just pure risk with no reward holding them.  Even in hyperinflation stocks don't keep up with inflation nearly as good as metals do.  You typically lose money holding stocks in hyperinflation while actually gaining purchasing power by holding metals.

I will look into you post after I responded tho this.
We both know that its driven my money like everything.
When SegWit gets activated the price will go up significantly, miners will earn a shitload of money from this.
They also invested a shitload of money and that why they need SegWit.
They are just milking Roger Ver his pockets rightnow.
This gives us the chance to load more cheap 4-digits bitcoin.

Why would they block money?
I cant really find 1 reason.
Roger Ver will be outplayed by its own game.

uh huh. dangle a dollar in front of your average venezuelan and see whether they're interested in it or not. same goes for many nationalities around the world. they may not be designed to be, but they sometimes end up that way.

For most people, currencies are the only store of value.  People hold their money in bank accounts or in cash and regardless of whether or not they expect it to rise, they definitely use currency as a store of value.

Bitcoin is what it is.  The label "cryptocurrency" is somewhat true, but that's just what people call it (and satoshi regarded it as digital cash, but he doesn't have to be right 100% of the time).  Bitcoin is the gateway to digital cash - it's like an alpha version of a game that can't have its code changed to a full version.  But unlike an alpha version of a game, it's very stable and effective for what it is, which is a means of transferring large transactions, trading between different online currencies, storing value, and verifying things on the blockchain. 

I added more onto my post at the end as to why they might actually stop bitcoin from scaling on purpose in order to wreck it for profit while raising the value of the litecoins they bought for pennies in comparison.  Since someone made the bad judgement of requiring 95% approval for segwit on bitcoin, there is also the chance it never gets activated.  A government entity, bankers, or whoever could start up some miners and reject segwit while dumping the coins they mine for profit and basically block it perpetually for....FREE...NO COST.  Bitcoin will not scale without forking into two chains and having an enormous rough consensus attack at this point.

Confirmed.

Altcoins are in a huge bubble.
It will pop.
There will be blood, there will be tears.

sup.
My new target (s)...:
5 digits. For the conservatives cny, but i am waiting for filthy us $ 5 digits. kthxbye

Simply because SegWit isnt the final solution for scaling.
It gives BTC some time, but nothing more.
It will go like this:

-SegWit on LTC
-SegWit on BTC
-8mb on LTC
-8mb on BTC'
-scaling solved.
-LTC useless because its dummy purpose has fullfilled its destiny
-BTC moons

The end.

Well, that's where he's completely wrong because no cryptocurrency is a store of value.  It's a currency, not money.  It even says "Cryptocurrency" in the title.  Currencies are never a store of value.  The only thing that gives them value is transaction flow, which is determined by scalability and pushing through millions of cups of coffee, contrary to what people claim where coffee is the bitcoin anti-christ.  Noble metals such as gold and silver are absurdly better at being a store of value (i.e. settlement layer), so there's no way bitcoin and any other coin can compete with them in that regard.  The ONLY way they can compete is in transaction flow (where scalability is key).  If Litecoin adopts segwit (and it actually works to scale), while bitcoin doesn't, I see no reason to hold bitcoin at that point.

I gave the estimate a long time ago (I'm sure somebody remembers it) that you would need at least 8MB blocks (or around 50 TPS) for bitcoin to be a valid, globally used currency with market penetration into the upper middle class.  That's speaking on-chain scaling alone, and at that number, it would probably be uneconomical to do transactions under something like $10,000, but the network would probably continue to exist and not fade into obscurity.  

Jihan Wu and the other Chinese seem to have made a deal that litecoin will go to at least 2MB blocks in the future (the equivalent of bitcoin with 8MB blocks), and agreed to segwit.  So litecoin seems to have passed the minimum required scaling threshold to exist, while bitcoin has not.  Hell, at this point, the optimal strategy for the Chinese might even be continuing to block segwit on bitcoin on purpose to destroy it while investing money into cheap litecoin and profiting on the destruction of BTC as the litecoin they bought for pennies skyrockets.

A similar move was done by the Pilgrims Society in gold vs silver.  Most of these rich bankers and aristocrats had their money invested only in gold, so they conspired to demonetize silver, which had the result of being a transfer of all silver wealth to the gold they hold.  There is nothing to gain by attempting to keep silver down now, so in the near future I imagine some of these same people will conspire to remonetize silver to drain the money back out of gold for profit, thus screwing China, India, Russia, and the arab nations who bought up all the gold.

holding a good percentage but starting to get the feeling it may be time to...

True, this is the future where crypto is heading.

Yes, because they are in a bubble, like BTC was in 2013. Altcoins are going to get rekt bigtime. But they will take a bigger marketdominance what is a good thing for crypto and so Bitcoin. More money will flow into bitcoin because of alts. Its all connected.

He was basically saying that Bitcoin will be the master - iamnotback described it as a "settlement layer".  I think they have a point.

Satoshi's clever idea about immutability will make alts create a better currency for everyday transactions as competition to Bitcoin, and since Bitcoin has a more predictable supply than Ethereum it can be used as the ideal store of value.

Were you not yesterday dumping altcoins and pumping btc?

ZEC is already at 0.7.

Only need to tripple to reach this.
We need to face it, BTC marketdominance will go to 30% in a couple of months from now.

Still going to 10 000 USD, but crypto as a whole will develop really really fast.
BTC will be the USD/gold of crypto.

Fiat wont be used again.
Altcoins rightnow are where BTC was at 2013.

The only alt that has any upside potential left right now is Litecoin.  Both Eth and Ripple were raised by the scam of creating coins out of thin air, sending them to Bologniex, then margin leveraging their illiquid asset higher.  I think Darkcoin preminers conspired together to do the same thing.  Now all those coins are in bubble territory with no room to run anymore and about the only alt I can imagine making a move is Litecoin going to something like .02 - 0.04.

BTC is the bridge that connects crypto to the outside. Its a store of value, it has still the best development of all the crypto's. Its simply awesome. Only BU can ruin it, but they are dead. BTC will moon, but altcoins will become bigger than BTC. In 3 years BTC at 10 000 usd with a marketdominance of 30%. Other 70% will be altcoins.

Merchants will not accept ETH, but they will accept BTCTC. Hope that gives you an answer!