Originally Posted by Weapon X:
In for crypto discussion.
Made a small fortune in this year, weathering the current storm until Aug 1st BTC drama ends and we can get back to focusing on the MFing moon.
Yeah seems like this is driving bitcoin and other crypto down for the moment. Don't expect it to get better in the next couple of weeks either. I think I'm going to hold all of it until Sept 1st. Seems like some other people I respect about crypto expect the same as you indicated. [Reply]
When this "scaling debate" subsides the bitcoin network will be well regarded by the media as a self correcting system because of social consensus inherent within the code's protocol. New money will enter the market and prices will trend higher.
Meanwhile very little has changed at all with Ethereum. This is simply the case of the #1 cryptocurrency having a real decision point and the uncertainty is dragging down the entire market because, quite frankly, it is still vaporware until your first Dapps hit the streets.
My gut tells me that this upcoming holiday season will be pretty damn exciting for crypto.
Edit: For the guy correctly stating Coinbase has been shady. I've switched to Gemini.com [Reply]
Originally Posted by ChiefRocka:
When this "scaling debate" subsides the bitcoin network will be well regarded by the media as a self correcting system because of social consensus inherent within the code's protocol. New money will enter the market and prices will trend higher.
Meanwhile very little has changed at all with Ethereum. This is simply the case of the #1 cryptocurrency having a real decision point and the uncertainty is dragging down the entire market because, quite frankly, it is still vaporware until your first Dapps hit the streets.
My gut tells me that this upcoming holiday season will be pretty damn exciting for crypto.
Edit: For the guy correctly stating Coinbase has been shady. I've switched to Gemini.com
Good post.
Shady? I just signed with them and bought on Saturday. :-) Why do you say that? [Reply]
Replace the names and this could easily be a Motley Fool thread from 1999.
FWIW - if I had to bet I'd say BTC and ETH could just as easily go up 10x from here as crash. Once you make it easy for my uncle to invest - the shit could really take off.
But make no mistake the crash will eventually come. Bubbles don't exist w/o true believers. But the skeptics usually get out with something intact. Unless you're that skeptic that finally capitulates at the top of the market. Don't be that guy. :-) [Reply]
Originally Posted by TambaBerry:
Anyone bailing on it right now is an idiot. I'm buying more of it for cheap
I'm not bailing but I'm mad as fuck for buying more at $340. My initial buy was at $97 so until it starts hovering that number, I'm not selling. Posted via Mobile Device [Reply]
Also in for crypto talk. Just bought in last week with Litecoin and some Ether. We'll see how it goes. I'm planning on hodling through this August 1st mess (or non-mess, which is my belief) and see what pans out. [Reply]
Originally Posted by suzzer99:
Replace the names and this could easily be a Motley Fool thread from 1999.
FWIW - if I had to bet I'd say BTC and ETH could just as easily go up 10x from here as crash. Once you make it easy for my uncle to invest - the shit could really take off.
But make no mistake the crash will eventually come. Bubbles don't exist w/o true believers. But the skeptics usually get out with something intact. Unless you're that skeptic that finally capitulates at the top of the market. Don't be that guy. :-)
I hear you but remember this truth. Every pre-IPO stock price has bubbled up from pennies. The word bubble is tossed around a lot because its fun to say. [Reply]