If I knew the when, the how and exactly why then I would be a very rich man. Trying to guess or act like I know is crazy talk. That said, I believe change/evolution is inevitable, and that the current system has to go.

If you analyze the way fiat/ the fed/ banking works... now that is ****ing crazy/ a ponzi / facade. It was the best way we could manage in a world without technology. Even way back it was wildly inefficient but it was the best we had. It's not the case anymore.

The main arguments in support of government backed fiat is 1. Quadrillion's in assets and resources and 2. A very strong military.

1. So.... you're giving the gov free reign to severely mismanage the debt/ fiat/ economy, and then when it gets too bad you'll just sell PUBLICLY OWNED resources and assets to private companies/ other countries? That's ****ing insane man/ impossible/ against the constitution imo.

2. Strong military- so fiat backed by guns, WMDs, death, murder, and extreme fear? Really? That's something you support and have faith/ want to put your name to? It's inherently wrong/ needs to go.

I believe we are in the very early stages of crypto/ decentralized currency. Of course there are wild swings- only a couple are going to make it out alive- and when that happens / there's a clear winner then the price should stabilize. It's no different than when currency was first implemented- and why many people continued to barter long after it was invented. None of it is going to happen overnight.

Personally, i think the idea of a select handful of people (who arent even elected officials) to have complete control/ ability to **** entire countries over on a whim is bat**** insane (see venezuela). its also what we are seeing in politics right now, a few people having insane power over hundreds of millions of people. its insanity/ exactly why we are in the ****ter

oh snap I didn't even pay attention to your join date. Whose fake account are you? if you've been on here a year seems highly unlikely that you'd have that opinion. Been pretty darn nice to people for well over a year now. You seem to be referring to pretty old stuff...

in this section the last thing Id do is **** on someone. I'm the one breaking that stuff up.I think this section can be great with less fighting.

Looks like the correction might be over.
Bitcoin basically went back to where it was on Nov. 30, so it kept most of the 2017 gains intact and we really only lost the 2-week pop from early December. But ETH for example, only fell back to it's Jan 1 level and kept all of the 2017 gains intact.

I'm curious how you determined this?

The USD hasn't been as poorly managed as you suggest.

Yes, I hope the government sells off assets to the public and reduces it role in our lives and no not all of that is against the constitution.

There are a lot of strong fiats that aren't backed by that strong of a military so saying they are backed by murder and what not is a bit silly. Just because I use and support the USD doesn't mean I support everything the US government does in the same way I could be a Penn State football fan while not being a fan of raping young kids.

Why would the price stabilize? Do you believe speculators are going to stop speculating on whatever crypto survives?

The reason the only people who use Venezuelan currency are its own citizens, who are being pressured to use it, is because of those poor decisions the government has made/making. On the other side of the coin the reason the USD is so popular, and will remain so popular, is because it has a long history of being stable, it is backed by a fairly stable government and the world's strongest economy which is free and has a growing population with property rights.

Crystal Ball.

I think a currency that is managed by governments who at least in theory are working on behalf of their citizens is better than one that is not managed by all and is open to manipulation by people who are only looking out for themselves. Example: 97% of all bitcoins are held in 4% of addresses. Unless they can find a fair way to distribute a newer crypto or re-distribute bitcoin. Not that the current monetary system is fair with its wealth distribution but if you're going to create a new one, you should try to improve on the old one.

It's greed and speculation that have brought bitcoin up to $20k and now down below $10k. Bitcoin also has a lot of technical problems. But people are all just trying to make money off of the better alt-coins. None are actually being used as currency. Right now cryptos are the newest form of gambling for people bored of slots, pit games, lottery tickets, etc. Gotta find a way to distribute it fairly and get people to use it as a currency and not as a speculative asset.

Serious as a crypro crash.

It was an article in Forbes or WSJ a while back. Some famous currency trader with Goldman analyzed the value based only on the demand for BTC as a currency using transaction data and separating that out from trade volume iirc.

BTC has a tiny bit of utility as a currency for criminals and as nothing else. The rest is nonsense. It will never go to 0 and it will continue to run up from time to time specifically because it won’t go to O.

You're insane if you think exchanges aren't taking advantage of the situation they're in. It's literally impossible for people to have the power and opportunity they have and not take advantage of it.

It's the exact same situation as Fiat, just on a smaller scale and less privatized.

Crypto cultists always try to pretend “the government” (cue scary music) is some evil entity separate from themselves. Lol. You are the government idiots.

Oh Jesus dude. Selling publicly owned assets and resources to corporations (that's the only entity they can afford to buy them) is so ****ing stupid. I can't believe you just said that.

You also seem to be competely missing the concepts/ main points I was trying to get across. I don't think it's your fault, it's mine for being ****ty at explaining things. I really hope someone else with more patience than me can explain this to you.

The strong fiats with small militaries and republic governments are all small- because it works on a small scale. It gets exponentially worse the bigger it gets. Once again because this is super important- giving an extremely small amount of people (ie republic) an insane of power over a ton of people, whether it's politics, military, fiat, banking you name it is insanely bad/ extremely inefficient and also why it will eventually go whether you agree or not.

Don’t look under your bed bro. There’s a monster! Ooga booga booga!!!

lol at all the poors coming in to celebrate bitcoins crashing. pathetic.

rafik if you don't think you come off as celebrating you're an idiot. telling you that is pointless as you have zero self awareness. enjoy buying your 25 dollars of xrp on quadriga tho

gl all hodlers and crypto bears enjoy your poor.

Impressive hate from the BTC longs in here. Like Palpatine levels of hate/shade.

What publicly owned assets are you scared of the government selling to a corporation or a rich person?

I love how that's always the standard reply to anyone who questions anything or points out anything negative related to btc. Bulls here simply refuse to even acknowledge anything negative that comes out and instead simply make personal attacks.

I've seen one new bear posting here since the beginning of the year. Hardly a rush to celebrate. Compare that to the number of newbs showing up here shilling and chanting "To the moon!"

It's more telling that you show up here out of nowhere w/ no history of posting here to make personal attacks on people.

Why is it completely impossible to discuss both sides of btc? Unless a person is willing to blindly chant "To the moon! Hodl!" you guys get your panties in such a wad it's amazing.

ALERT

1/5th of my position initiated from right here. If this tanks you're all welcome to quote. First time I EVER go long.

Be afraid

FYI you're no longer allowed to question btc or post anything negative related btc. You can only chant "To the moon!" and "Hodl!" from here on out. Enjoy your new posting style and blind devotion.

If anyone has any useless fiat they wanna send me, I'll still accept it

Please, a moment of silence for all the poor squares, greedy's and dupes that just blew up.

lol de captain,

you come in and ask the same questions over and over again and ignore the valid anwsers "It has no intrinsic VALUEEEEEE". no one with any knowledge engages you anymore.

It makes sense for ppl w btc to celebrate when btc goes up aka to the moon. I don't think its reasonble for all bears to come in and talk **** when its dropping. unless they are just pathetic poors who enjoy when others lose....

there is no productive convo happening here because you don't listen or aren't willing to. ala the internet will never take off its dumb ala the personal computer isn't viable for most households. the early adopters are dumb until they aren't.

Is there a big community of people on here that want BTC bulls to lose money? I think I've posted upwards of 10 times how impressed I am with the people who've been at this since the word go. I don't recall reading a lot of people wishing poverty on fellow 2p2'ers. I could be wrong because I grunched some pages too. But as it relates to me, I've given you guys endless props for a long time now. It's selective memory to state otherwise.

I made more than 99% of crypto “investors”. I sold gbtc at 2400 a 8x profit. Bitcoin is a joke hodlers are are cannon fodder, far worse than “poors”.

There are plenty of people here wishing poverty on fellow 2+2'ers. They're all bulls.

What is it with all this doom and gloom?

BTC is at 10k. Thats ten mother ****ing thousand, people. We should all still be kicking it in the euphoric stage.