May 29, 20224 yr Author 13 hours ago, DrPhilly said: Right, leaving it entirely wide open for competition from other future cryptos. Which circles back to why I suggested it was very risky to put all your eggs into a single crypto named Bitcoin. My point entirely. There is no competition. Bitcoin basically has everything you could want besides optimal privacy, and even then it'll likely have that. There are privacy coins and they haven't caught on anywhere near the level Bitcoin has And even if something new were to come along, that could only be slightly better there, it would have to completely displace all of the network effects Bitcoin has already established. I don't see how that even has the slightest chance of happening Maybe Ethereum has some competition, but to me they're all extremely poor too. But Bitcoin is entirely in a class of its own, and betting on another crypto overtaking it as money is like trying to hit the powerball.
May 29, 20224 yr 51 minutes ago, mattmcginley7 said: There is no competition. Bitcoin basically has everything you could want besides optimal privacy, and even then it'll likely have that. There are privacy coins and they haven't caught on anywhere near the level Bitcoin has And even if something new were to come along, that could only be slightly better there, it would have to completely displace all of the network effects Bitcoin has already established. I don't see how that even has the slightest chance of happening Maybe Ethereum has some competition, but to me they're all extremely poor too. But Bitcoin is entirely in a class of its own, and betting on another crypto overtaking it as money is like trying to hit the powerball. Ok
June 13, 20224 yr Crypto in full capitulation mode right now. Should get a dead cat bounce at some point but I think it goes a lot lower before all is said and done.
June 13, 20224 yr 1 hour ago, TEW said: Crypto in full capitulation mode right now. Should get a dead cat bounce at some point but I think it goes a lot lower before all is said and done. One thing bitcoin has never done (if I’ve understood correctly) is drop below its former floor price. This is the time.
June 13, 20224 yr 44 minutes ago, DrPhilly said: One thing bitcoin has never done (if I’ve understood correctly) is drop below its former floor price. This is the time. That’s my feeling as well, but we’ll see. It’s going to be interesting to see how it works in a stagflation type of environment. So far it’s acted as a hyper risk on asset. It’s becoming more strongly correlated to growth/tech. If it’s what its proponents claim it is, essentially safe hard money, it should do well with a highly inflationary environment.
June 13, 20224 yr Weird. All this time we were told it was correlated to tulips, baseball cards, and beanie babies.
June 15, 20224 yr Author I'll say I have changed my mind about the possibility of Bitcoin losing its previous cycle's all time high. It really shouldn't, but the amount of absolutely disgusting irresponsibility when it comes to funds and exchanges allowing themselves to get liquidated and holding people's crypto hostage is just unbelievable. They're idiots, and they'll be forced to sell
June 15, 20224 yr 20 minutes ago, Khani1 said: When is the bottom? This could be a temporary bottom or if Sam, FTX, and Trabucco, Alameda Research aka right hand man of Sam, want to go liquidate Celsius then lower
June 15, 20224 yr 22 minutes ago, Khani1 said: When is the bottom? The bottom? We bought imaginary internet coins. The bottom is exactly what you'd guess.
June 15, 20224 yr 2 minutes ago, DaEagles4Life said: This could be a temporary bottom or if Sam, FTX, and Trabucco, Alameda Research aka right hand man of Sam, want to go liquidate Celsius then lower
June 15, 20224 yr 52 minutes ago, Khani1 said: I have zero idea who this. Dude reads 3 words off one page and goes to a new one lol
June 15, 20224 yr 48 minutes ago, DaEagles4Life said: Whoops. I say 28 before below. 28 before below 20?
June 15, 20224 yr In related news I'm tokenizing my garden shed so you all can own a share. I briefly considered using the proceeds to purchase a second shed, but eventually dismissed the notion.
June 15, 20224 yr 15 minutes ago, Arthur Jackson said: In related news I'm tokenizing my garden shed so you all can own a share. I briefly considered using the proceeds to purchase a second shed, but eventually dismissed the notion. If I can purchase in Dogecoin, I'm in.
June 15, 20224 yr 3 hours ago, DaEagles4Life said: Whoops. I say 28 before below. I think we go sideways for a bit like we were over the last month. From May 10th to June 10th, we basically traded between 28500 and 32000. I think we could see that at these levels unless traditional markets continue to tank.
June 16, 20224 yr 9 minutes ago, Dave Moss said: Trying to move away from the "scammer persona" by "launching a collection of NFTs?" That's like trying to move away from a gay persona by starting to root for the Dallas Cowboys.
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