Early adopters have long cashed out and are living the rich life on your lost money. Every single bit coin you hold supports this theft of wealth.
what makes you say that? That's not true
Topic: We are coming up on two years since the 1200 spike, longest no-bubble run? (Read 2491 times)
August 05, 2015, 03:46:13 AM
what makes you say that? That's not true
August 05, 2015, 02:37:30 AM
Early adopters have long cashed out and are living the rich life on your lost money. Every single bit coin you hold supports this theft of wealth.
what makes you say that? That's not true
August 05, 2015, 01:43:17 AM
Create an altcoin with you owning all 140,000,000 total coins, sell one for $30, leaving you with 139,999,999 of them. Your new coin has a market cap bigger than bitcoin.
August 05, 2015, 01:36:55 AM
According to coinmarketcap, today, BTC is already 86% of the crypto space. I don't think another 14% is likely to induce a new ATH.
Though as soon as the banks figure out their 'Bitcoinless blockchain innovations' are unsecurable, we might see some real appreciation.
Though as soon as the banks figure out their 'Bitcoinless blockchain innovations' are unsecurable, we might see some real appreciation.
Would love to see a trend line price chart from coinmarketcap that shows the percent of crypto market cap occupied by Bitcoin over the last three years.
Not sure about the "trend line price chart" but here's a chart:
Interesting. I wonder what the rationale is for excluding Ripple? (Fun fact - back near its public announcement, Ripple for some period had a market cap greater than Bitcoin's). Perhaps because it is the only significant alt that does not trace ancestry of the bulk of its code to Bitcoin?
Bitcoin's share of the overall crypto space is one of my major indices. While I check it nearly daily, I don't bother to write it down. I include Ripple. If it dips below 83% or so, I go looking for a reason.
August 05, 2015, 12:15:01 AM
When the new breed of Bitcoiner who got burned buying at the top and then tried to get rich with altcoins realizes how useless altcoins really are, a lot of money will come flooding back to Bitcoin. My guess is that the market landscape will look very different in another 12 months.
According to coinmarketcap, today, BTC is already 86% of the crypto space. I don't think another 14% is likely to induce a new ATH.
Though as soon as the banks figure out their 'Bitcoinless blockchain innovations' are unsecurable, we might see some real appreciation.
Would love to see a trend line price chart from coinmarketcap that shows the percent of crypto market cap occupied by Bitcoin over the last three years.
Not sure about the "trend line price chart" but here's a chart:
there is competition from altcoins to consider. If we leave 99% of the market on the table because of ultraconservatism about blocksize, we let an altcoin have all that, and Bitcoin gets swept by the wayside. And guess which one ends up more decentralized.
This important comment made me think that it's a good time to review just how Bitcoin has fared against the altcoins since a useful comparison has been made possible by coinmarketcap. Using the Wayback machine I got one data-point (aggregate values in USD) for each month as close to the 9th (first one) as possible. The chart below shows Bitcoin's monetary base (or market cap) as a percentage of all cryptocurrency excluding Ripple.
There is a very slight trend down (black), exacerbated by the recent LTC ramp, probably pre-halving noise as smooth says. I have shown the y-axis from 0% to avoid the scarier looking trend when base-lined at 80%.
This chart is interesting because it shows that despite the acrimonious 1MB debate it is not yet having a serious effect on price, and similarly the 1MB is not yet crippling user volumes and driving up usage (and therefore enhanced value) of alternative crypto.
Yesterday, we had a BIP [77? 103?] from Pieter, which is extremely welcome and the first official solution from the 1MBers in Core Dev. Unfortunately, this BIP pursues minimal change, with 2MB blocks only in 2021 and 10MB blocks (effectively the same capacity as Dogecoin today), in 2030. Personally, I think this will leave a severe bottleneck in Bitcoin throughput by about Q2/Q3 2016 and the major risk of a sharp change down in trend in the chart above.
August 05, 2015, 12:09:35 AM
When the new breed of Bitcoiner who got burned buying at the top and then tried to get rich with altcoins realizes how useless altcoins really are, a lot of money will come flooding back to Bitcoin. My guess is that the market landscape will look very different in another 12 months.
According to coinmarketcap, today, BTC is already 86% of the crypto space. I don't think another 14% is likely to induce a new ATH.
Though as soon as the banks figure out their 'Bitcoinless blockchain innovations' are unsecurable, we might see some real appreciation.
Would love to see a trend line price chart from coinmarketcap that shows the percent of crypto market cap occupied by Bitcoin over the last three years.
August 03, 2015, 02:10:34 AM
When the new breed of Bitcoiner who got burned buying at the top and then tried to get rich with altcoins realizes how useless altcoins really are, a lot of money will come flooding back to Bitcoin. My guess is that the market landscape will look very different in another 12 months.
According to coinmarketcap, today, BTC is already 86% of the crypto space. I don't think another 14% is likely to induce a new ATH.
Though as soon as the banks figure out their 'Bitcoinless blockchain innovations' are unsecurable, we might see some real appreciation.
August 02, 2015, 01:10:45 PM
Early adopters have long cashed out and are living the rich life on your lost money. Every single bit coin you hold supports this theft of wealth.
August 02, 2015, 11:05:20 AM
What is the longest run without a new ATH price bubble?
I am thinking that we are in a new era of Bitcoin. Can it stay like this for years?
I am thinking that we are in a new era of Bitcoin. Can it stay like this for years?
We definitely are!!! And I'm pretty sure it will be like this for years. All signs are for that
Yes, the long sought after stability seems to be here.
A slow move upward wouldn't be too bad.
I still think that this has also to do with people hoping that there will be a huge spike when they can come off wining.
August 02, 2015, 10:59:40 AM
What is the longest run without a new ATH price bubble?
I am thinking that we are in a new era of Bitcoin. Can it stay like this for years?
I am thinking that we are in a new era of Bitcoin. Can it stay like this for years?
We definitely are!!! And I'm pretty sure it will be like this for years. All signs are for that
Yes, the long sought after stability seems to be here.
A slow move upward wouldn't be too bad.
August 02, 2015, 10:18:27 AM
I don't think early Bitcoiners are back into Bitcoin at all
And this is the same thing what I said. I also said that why take risk in reinvesting the money to create a new bubble?
Duh
August 02, 2015, 05:05:45 AM
Every day we stay at this price range increases the likely hood of a total collapse. Which is already pretty much inevitable anyway.
Every day we stay at this price range increase the likey hood of bitcoin becoming stronger. Which is already pretty much inevitable anyway.
Pllease get your facts straight
August 02, 2015, 03:23:18 AM
What is the longest run without a new ATH price bubble?
I am thinking that we are in a new era of Bitcoin. Can it stay like this for years?
I am thinking that we are in a new era of Bitcoin. Can it stay like this for years?
We definitely are!!! And I'm pretty sure it will be like this for years. All signs are for that
August 02, 2015, 12:49:45 AM
Every day we stay at this price range increases the likely hood of a total collapse. Which is already pretty much inevitable anyway.
Just curious, how much did you pay for that account?he is mentioning the exact opposite of what can happen!
which means every day that we stay at this price will reduce the risk of any sort of crash or decrease in price
August 01, 2015, 11:26:03 PM
The early investment of the investors paid off them in late 2013 when Bitcoin reached around $1500
So why take risk to reinvest in it for creating a new bubble?
So why take risk to reinvest in it for creating a new bubble?
I don't think early Bitcoiners are back into Bitcoin at all, which is why we will stagnate for a while yet while we wait for a new generation of speculators to get on board. Increasing usage is a meaningless goal, it is all about speculators, period.
Ultimately, i think we will go lower because bitcoin has to appear like a reasonable risk to a lot more people before we have enough buying pressure to move up in a meaningful way. $250 is just still too expensive.
August 01, 2015, 01:36:30 PM
The early investment of the investors paid off them in late 2013 when Bitcoin reached around $1500
So why take risk to reinvest in it for creating a new bubble?
So why take risk to reinvest in it for creating a new bubble?
August 01, 2015, 12:44:41 PM
When the new breed of Bitcoiner who got burned buying at the top and then tried to get rich with altcoins realizes how useless altcoins really are, a lot of money will come flooding back to Bitcoin. My guess is that the market landscape will look very different in another 12 months.
....that it is not the spoon that bends, it is only yourself.
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August 01, 2015, 12:32:22 PM
When the new breed of Bitcoiner who got burned buying at the top and then tried to get rich with altcoins realizes how useless altcoins really are, a lot of money will come flooding back to Bitcoin. My guess is that the market landscape will look very different in another 12 months.
Well there are always exceptions among that giant list of altcoins but your right for the most part most were all crap, but at the least Bitcoin still acts as a gateway to access the altcoin market and with most of the losers returning to hang out in Bitcoin again later.
Things here change on a month to month basis a years time will make a lot of patterns we are seeing now a lot clearer.
August 01, 2015, 12:09:24 PM
When the new breed of Bitcoiner who got burned buying at the top and then tried to get rich with altcoins realizes how useless altcoins really are, a lot of money will come flooding back to Bitcoin. My guess is that the market landscape will look very different in another 12 months.
Market is bound to change, it might even change completely by the next year. Bitcoin was created to be an alternative, not a replacement to fiat. And now all these altcoin who are trying to be a replacement for bitcoin will fail similarly, because bitcoin is more about better use than dominating as a currency which is what the altcoins score to be.
August 01, 2015, 11:47:00 AM
Every day we stay at this price range increases the likely hood of a total collapse. Which is already pretty much inevitable anyway.
Just curious, how much did you pay for that account? Jump to: