I still think that's reflected in the price. People like big numbers but (wow 18k!) all the top coins are up much more %wise. I guess if BTC hits 100k soon I'll feel dumb but my buying 1 LTC = 4 USD worked out better than the same 4$ of BTC bought.

>18k on gdax. derpOrDoNot unequivocally btfo

this is an aside, but since big blockers have been excised from btc, and with them most of the drama with development, does ltc serve any purpose? I recall their motto being something like "Core's plan but without the drama" (v likely slightly misquoted)

If y'all think any crypto-"currency" has any real value beyond the ability to access markets regular currencies can't reach, there's not really anything I can do to convince you. I just hope not too many people get burnt by the historically unprecedented pyramidzi bubble we're all witnessing.

My brother owns a business that I have a small percentage in...he's brought up accepting BTC at some point but from what I see it makes ~0 sense and have pushed him to look at various alt coins. Still a long time before an alt is ever fully accepted, but 10 years from now BTC will not be the coin people use.

With that being said, I still think their may be room for it to grow as people get in at the bottom. Very conflicted between my belief that BTC is a huge bubble with already outdated tech that will fail and my belief that people are stupid and will keep buying atleast for awhile

dont bother, no one will really use it.

I agree?

Yes we all agree, but the difference is you think that because BTC won't ever be used at your brothers business that means BTC is a 'failure'.

You are wrong and you miss the point completely.

https://twitter.com/Bitfinexed/statu...94580956811264

i'm not saying, i'm just saying

realizing some profits, sold 8% of my btc and still singing....haven't sold yet but threw it in GDAX anticipating to, gonna ride the wave a little

its pretty obv btc gonna hit 20k, why would u sell now

If true, what are the implications? People who use it for illegal means might get tracked if Bitfinex is forced to give up user info? How is that bad?


I wanna buy crypto on Bitfinex.

1) I send 50k USD to xxx offshore bank
2) Funds arrive, equivalent amount of Tether is issued and credited to Exchange (mostly Bitfinex)
3) I buy crypto for 50k
4) I hold and/or withdraw crypto worth of 50k

Who holds Tether?
The exchange or a user waiting on the sidelines and wishes to hold "USD" (instead of withdrawing or holding in crypto)

What if Tether is randomly issued in the billions, who loses, who wins?
The entity issuing tethers at will makes a nice profit.
Exchanges who hold and random users will lose.


Can somebody please explain where the big doomsday will come from? I see information without interpretation.

DDND is obviously just a troll or not smart enough to understand basic things. He just comes up with new FUD.

I am interested if somebody can make a real case and explain implications. Then we can assess the risk better.

I fail to see how Tether pumps BTC price when probably 500k-1mio new people sign up on exchanges daily. And people still send REAL money to those offshore accounts based on which new Tether is issued.

It's not like somebody prints Tether and buys Bitcoin with them. There has to be a pretty dumb counter party for that to happen. That would mean normal users signing up on BTC exchange and buying Tether instead of crypto... REALLY?!

Get your bull**** bank-product propaganda out of here. Same exact horse**** Toothsayer was spouting. "Why would banks spend billions when they could create this for free?" ROFL, they couldn't ever create anything like this. Do you guys have a propaganda telegram or skype chat? Where you figure out your FUD astroturfing strats? Lol, you lose, GTFO, You ****ing LOSE! It's over already and you don't even realize it.

Anyone who doesn't hold BTC is short BTC. You're either long USD, short BTC, or you're long BTC, short USD. There's differing degrees, for example 60% BTC/40% USD holder is only slightly long BTC....a 100% USD/0BTC holder is extremely short BTC.

GDAX just hit $19K.

No, I think other other coins will overtake BTC in market cap, partially due to its inability to be in businesses like my brothers and that's why BTC will end up being a "failure"

Businesses use air and water all the time, so they must be really expensive! And I can't use gold bars to buy sneakers at Foot Locker so gold must be close to worthless. Being used by a business is not correlated with the value of something. Especially for Bitcoin. If Bitcoin was a centralized company competing with Visa or, say, the company that prints Chuck-E-Cheese tickets, it wouldn't be worth very much. But it's not. Bitcoins aren't shares of a company. It's not the right way to think about its value.

Gold isn't worthless, its useless.

The bitcoin bull argument now is this first mover thing which boils down to grandparents knowing it exists. Its performance vs stocks gets it all the hype on cnbc yet as of now it has underperformed the crypto space by quite alot in 2017 and just recently has been outdone by fkn dogecoin (in b4 dump).

The question to ask is what has higher expectancy in the future? If bitcoin cant outdo Doge by a wide margin in this massively over hyped era then why would you hold it?

ok, I'll also add it's not the best store of value. better?

Gamblor7/other technologists:

Is the success of blockchain contingent on BTC's adoption? I know it speeds up the process, but is it necessary? Can blockchain live on if BTC falls to $1 -- now, or at some point? Thanks.

If btc ever falls to $1 it will be because some vastly superior blockchain (or similar decentralized) currency has taken over and become mainstream.

ya, blockchain technology is here to stay

Great question, great post.

That's true, but most people who say that have no clue what it means. Relational database technology is also here to stay.

That is not the Bitcoin bull argument. It is that it is the coin with the best properties, best potential, and largest network effects. Some of that is due to being the first mover, but why does it matter how it came about?

The Dogecoin argument is just stupid, you know better than that..

Can we sum up this thread, of mostly useless opinions, that people who didn't invest in Bitcoin think it's a huge bubble (fyi they were saying this at 1.5k), and those that did think it's the currency of the future and will never die.

And like all things, the truth is somewhere in the middle.