To another cryptocurrency, or for the purchase of goods or services?

Now down to $7,000 USD.

Every time bitcoin takes a dip the thread is flooded with “lol, I knew bitcoin was worthless and then some anecdotal evidence.” 99% of the time of a debate starts the the bitcoin bear makes a bunch of arguments based on things that don’t exist and or aren’t true. This happens over and over.

It’s the equivalent of someone coming into a patriots fans thread and saying lol I knew 100% the eagles would win but I didn’t bet. Then when engaged they would say they knew the patriots would lose because Tom Brady is a bad kicker.

FYP. This is a very new thing. Funnily enough, when people have the ability to transact easily and cheaply, they all sell and run for the exits.

Turns out its ****tiness was helping prop up the price!

Even at it's peak the transaction fees weren't terrible, just a lot of people didn't know you're able to set your own fee and lots of casuals unknowingly caused the fees to be a lot higher than they needed to be.

Also, paying like $20 to 100% securely send hundreds of thousands of dollars to anyone anywhere isn't this huge criticism that you want it to be, and zero-knowledge proofs will eventually be able to solve micro-transaction issues.

Someone earlier ITT pointed out that BTC was saving lives in Venezuela, but refused to show us a link to prove it. Instead we were told to google it. Today I googled it and found out that he was right. BTC saves lives! So I am going to fix namisgr11's post and add a few things that BTC will likely replace in the next year or two.

-Store of value? Not an asset that undergoes 50% swings in a few hours or days.
-Currency? Not one with expensive fees, ultraslow transaction times, and not a single tangible feature that favors it over credit cards or PayPal as a vehicle for legal transactions.
-Source of new commercial applications? This is where potential lies, but there certainly isn't one ready yet for prime time, and there are plenty of competing coins attempting to commercialize competing and potentially superior distributed ledger technologies and applications.
-seat belt? yes, it saves live in Venezuela and Zimbabwe
-lifeguards? yes, it saves live in Venezuela and Zimbabwe
-fire detectors? yes, it saves live in Venezuela and Zimbabwe
-first aid kits? yes, it saves live in Venezuela and Zimbabwe
-helmets? yes, it saves live in Venezuela and Zimbabwe
-Prescription drugs? Yes, many scientists have said that BTC will soon replace all drugs and suggested the price of BTC could go "to the moon" as all doctors start prescribing it for all of their terminally ill patients.

https://www.caseyresearch.com/how-bi...-in-venezuela/

Not even close to $5: https://bitcoinfees.earn.com/

People and exchanges are just overpaying.

price still going down, guess thats why they call it BITcoin

Lol right large markets aren't banning or thinking about banning exchanges (China, Russia, S Korea), hacks never happen, the protocol isn't workable but all this stuff is good for bitcoin. The comparison is crystal clear just some people don't want to see it.


Hahaha you think that something going down means it's going to go up again? We're in a reverse bubble right now guys! Buy!

HOW DARE YOU, hes read every single front page article on yahoo about bitcoin

You are massively misinformed about everything related to crypto. Honestly, I don't think you've posted one accurate thing in this entire thread. China banned exchanges last year and it had virtually no impact on price. Russia will be even less. South Korea clarified its stance that they want to regulate its exchanges, because it was ****ing ******ed to allow anonymous deposits from virtual bank accounts in the first place. You are just like all the rest of the plebs who try to attribute price action to non-meaningful real world events. You lack a clue about everything and are making a bigger fool of yourself with every passing post.

This is awesome no matter what happens. Best trade you can make right now is keep grinding at work/hustle to make more fiat

Time will tell I suppose. I hope you're not too invested.

A dip? BTC lost half its value and is still plunging. afaict, the people who said it was a speculative bubble all along appear to have been spot on, yet somehow they're being insulted and talked down to by the people who lost their shirts.

Current price reflects public sentiment on the blockchain apps moving forward, much like the internet bubble of 2000.

Of course the players this time will not be Amazon, Google, Apple, etc. It will be the antithesis of such.

All along? It's still ****ing 7x its price from a year ago. The only people not in profit in this thread are people like yourself and the other gurus who called the top at $2k.

Chart is difficult to read, but basically says about $2.25 for 0-25 minutes for median transaction size?

But if you're willing to wait an extra couple hours you can go as low as a quarter, but the 0-25 minute wait is basically the lowest so even if you're willing to pay $5 or more it doesn't really help you. Does seem like people are severely overpaying.

It was obviously a speculative bubble. How much money did you make from it? You want e-cred for your "call"? Where's the actual cash money you made? I made just under 7 figures since September on this speculative bubble, how much did you make? You can make money on the way down by shorting, but I know you didn't make one red cent from your "prediction". In a business and investing forum you want post-hoc credit for a call you didn't back financially and didn't make money on.

You don't even understand 3% of what's going on in these markets. You're on level one in your understanding. Now stop crapping up the discussion.

Is CME the only way to short BTC? I'm not familiar with any other reasonable alternatives.

I know drugs, weapons, prostitution, new wave religion, and ponzi schemes are profitable too. If I don't invest in those things, does that mean I really don't believe they're profitable?

There's a huge difference between making a profit on something and actual value.

Bitfinex, Kraken, Bitmex off the top of my head.

Sorry you missed out

Do they operate similar to a legit exchange, that is margin calling and actually holding the coin in escrow from another investor?

I won't ask any more, just trying to avoid any pitfalls.

Yes, but more of a hedge since I am in a position that is doing ok against BTC.

Yes, they operate in this way. Bitmex is pretty legit, check out their leaderboard. The leader made ~250 BTC in the past 24 hours.

From the early news being leaked about the meeting of the Senate Committee on Banking tomorrow about Crypto currency the testimonials seem on the positive side.