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08-14-2019 , 01:22 PM

#33851

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Na moonshot after

Quote

08-14-2019 , 01:28 PM

#33852

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Quote:

Originally Posted by Didace

That's quite a range of predictions. Do I hear 8500?

All about adjustments

Quote

08-14-2019 , 01:32 PM

#33853

protonewb

journeyman

Join Date: Feb 2017 Posts: 387

TS salivating over another shot at 8k and his triumphant return. Will this time do it? Stay tuned for the next chapter of "As the BTC turns"

Quote

08-14-2019 , 01:39 PM

#33854

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Quote:

Originally Posted by protonewb

TS salivating over another shot at 8k and his triumphant return. Will this time do it? Stay tuned for the next chapter of "As the BTC turns"

The ponzi laugh is strong here.

Quote

08-14-2019 , 11:48 PM

#33855

Dutch101

veteran

Join Date: Jun 2010 Posts: 2,033

Quote:

Originally Posted by JackInDaCrak

Bitcoin can’t scale for the remittance use cases though.

Isn't that what LN is for. At least that is what I have been told for years now. I really think it is volatility that stops this as the coversion from for example USD to bitcoin to Peso takes time and in that time you could lose a significat percentage. And the family in Mexica needs Peso to pay the bills. Can't do it in bitcoin yet.

Quote

08-15-2019 , 02:49 AM

#33856

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Next price 8888

Quote

08-15-2019 , 03:35 AM

#33857

Carpal \'Tunnel

Join Date: Aug 2004 Posts: 48,253

Yesterday at 13:08

Quote:

Originally Posted by jfound

It’s coming and 9200 imo is bottom then moonshot incoming

Today at 02:49

Quote:

Originally Posted by jfound

Next price 8888

All about adjustments indeed

Quote

08-15-2019 , 03:48 AM

#33858

CoolTimer

adept

Join Date: Feb 2013 Posts: 1,029

Just guess often enough and you'll be right.

Quote

08-15-2019 , 04:26 AM

#33859

TheMVP

old hand

Join Date: Oct 2007 Posts: 1,760

Well to be fair RTs prediction of $0 has been wrong going on a decade, maybe you could learn a thing or two about adjustments

Quote

08-15-2019 , 06:39 AM

#33860

Carpal \'Tunnel

Join Date: Aug 2004 Posts: 48,253

Quote:

Originally Posted by TheMVP

Well to be fair RTs prediction of $0 has been wrong going on a decade, maybe you could learn a thing or two about adjustments

Just so we're clear, I think bitcoin has some value. The black/grey market stuff is its only utility, but there's obvious value in that.

It's closer to zero than whatever we're at now, but it's not zero. Saying "bitcoin is a longterm zero" is usually just hyperbole. Most shitcoins are actual zeros because they were outright scams whose creators just ran off with money without doing anything, but bitcoin is at least accepted at the successors to the Silk Road and on poker websites, so there's that.

Quote

08-15-2019 , 07:10 AM

#33861

CoolTimer

adept

Join Date: Feb 2013 Posts: 1,029

Quote:

Originally Posted by RT

That's not it's utility to me. Why do people think they can prescribe values to other people.

I try to escape CB monetary policy and replace it with a predictable monetary policy. Bitcoin did this flawlessly for the past 10,5y, I hope it will continue to do so. My utility for Bitcoin is that people will be never be able to control the monetary supply, or manipulate consensus rules for their own gain.

There are lots of people with different utility for Bitcoin. Things you can't even think of. So you can try to fit it into your narrow world view, or you can open up and face the reality of this thing.

Quote

08-15-2019 , 09:49 AM

#33862

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Quote:

Originally Posted by RT

Yesterday at 13:08

Today at 02:49

All about adjustments indeed

When market change, and your wrong, your wrong. Have to adapt or get left behind. There is support at 9600$ so moonshot coming. I’m rebuying at 10001

Quote

08-15-2019 , 10:12 AM

#33863

jfound

banned

Join Date: Apr 2012 Posts: 2,388

RT put ur money where ur mouth is if it is going closer to 0. Short btc

Quote

08-15-2019 , 10:19 AM

#33864

Nonfiction

Carpal \'Tunnel

Join Date: Aug 2006 Posts: 12,498

Quote:

Originally Posted by Didace

That's quite a range of predictions. Do I hear 8500?

its all ponzi waves bro

Quote

08-15-2019 , 10:47 AM

#33865

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Quote:

Originally Posted by CoolTimer

Just guess often enough and you'll be right.

Is it really guessing?

To the untrained eye poker is also guessing

Last edited by jfound; 08-15-2019 at 11:01 AM.

Quote

08-15-2019 , 12:06 PM

#33866

Didace

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 20,437

Quote:

Originally Posted by CoolTimer

Just guess often enough and you'll be right.

There's this one guy I know about that has predicted 27 out of the last 3 recessions. I think jfound is trying to beat that record.

Quote

08-15-2019 , 12:33 PM

#33867

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 53,721

Best way to gauge ponzi waves is moon cycles

Quote

08-15-2019 , 02:07 PM

#33868

JackInDaCrak

Just Another Dopamine Pump

Join Date: Dec 2006 Posts: 9,234

Quote:

Originally Posted by Dutch101

How’s LN working out these days?

Quote

08-15-2019 , 02:27 PM

#33869

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Quote:

Originally Posted by Didace

There's this one guy I know about that has predicted 27 out of the last 3 recessions. I think jfound is trying to beat that record.

I put my money where my mouth is though.

Quote

08-15-2019 , 02:36 PM

#33870

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,699

Quote:

Originally Posted by JackInDaCrak

How’s LN working out these days?

Not sure if this is trolling or a serious question, but if you want a serious answer...

https://blog.coingate.com/2019/05/li...tats-progress/

Quote

08-16-2019 , 03:57 AM

#33871

CoolTimer

adept

Join Date: Feb 2013 Posts: 1,029

Quote:

Originally Posted by jfound

I put my money where my mouth is though.

And this is commendable. I have a feeling 99% of the longtime bears in this topic have never put their money where their mouth is. And the 1% who did got totally REKT and were never to be seen again.

Quote

08-16-2019 , 10:49 AM

#33872

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Quote:

Originally Posted by CoolTimer

And this is commendable. I have a feeling 99% of the longtime bears in this topic have never put their money where their mouth is. And the 1% who did got totally REKT and were never to be seen again.

I’m not a just bear though, I’m a bull and a bear depending on trends. I’m more bull than bear

Quote

08-16-2019 , 02:37 PM

#33873

protonewb

journeyman

Join Date: Feb 2017 Posts: 387

This is pretty bullish news: https://medium.com/bakkt-blog/cleare...h-8dfc3e6f9ed0

Bitcoin-settled futures, with a real bitcoin custodian for institutional investors. And since the price is not based on any of the shady spot exchanges for bitcoin, it is likely an ETF based on the Bakkt Futures would be approved.

(assuming it doesn't get delayed again and actually launches Sept 23)

Quote

08-16-2019 , 03:05 PM

#33874

case3

adept

Join Date: Jul 2007 Posts: 774

When Bakkt came out I thought the original paper was more absurd than any parody could be. Not sure what their ultimate angle is.

Quote

08-16-2019 , 03:48 PM

#33875

protonewb

journeyman

Join Date: Feb 2017 Posts: 387

Well the whole bakkt/starbucks/microsoft thing was absurd.

The bitcoin-settled futures part is pretty real though as an onramp for big institutional money. Those guys aren't going to open a Coinbase account, but they already have accounts at licensed futures brokers.

Why aren't they trading cme futures you ask? Some are (30k contracts traded yesterday, at 5btc per contract, not bad) but those are cash settled and have to be rolled over to maintain exposure to btc (fees, contango, etc.). With Bakkt they can buy, take delivery (to Bakkt warehouse which is insured) and hold with no further fees. The volumes there will be interesting for sure.

Quote

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