Bitcoin Price Thread

Hoi · Dec 10, 2017

Humpy said:
Hate to rain on your party fellas BUT
1. The expected amount of electricity wastage from coin mining will likely stuff the grid completely.
.

That could only happen if Bitcoin price rises above $10 million a coin. Not likely!

Humpy said:
2. Professional criminals are having a great time money laundering dirty money etc.
.

Any intelligent person knows that $$$ laundry dwarfs B.

Humpy said:
3. School kids and too many adult dummies are throwing their money away.
.

How is that so if you believe point-1 above?

Humpy said:
Lets hope the Fed shuts it down permanently.

Sure: close the Internet down, and not only in the USA, but the whole world?

Hoi · Dec 10, 2017

lovethetrade said:
No surprise Bitcoin Cash will explode once crypto is used for payments.

Dream on.

Lighting Network will make Bcash obsolete.

lovethetrade · Dec 10, 2017

Hoi said:
Dream on.

Lighting Network will make Bcash obsolete.

What about Litecoin?

Hoi · Dec 10, 2017

lovethetrade said:
What about Litecoin?

Litecoin follows, or in Segwit's case even leads, Bitcoin developments. So it will going to use Lightning-network (layer 2) innovations as well.

Bcash cannot as it has no Segwit.

lovethetrade · Dec 10, 2017

Hoi said:
Litecoin follows, or in Segwit's case even leads, Bitcoin developments. So it will going to use Lightning-network (layer 2) innovations as well.

Bcash cannot as it has no Segwit.

Makes sense. LTC looks promising then.

What do you attribute towards Bcash's price rise?

Hoi · Dec 10, 2017

lovethetrade said:
What do you attribute towards Bcash's price rise?

It's a pump from Roger Ver and his puppets. Once his money is gone, Bcash will stay in a price range from 0.05 to 0.10 BTC

lovethetrade · Dec 10, 2017

They were all buying BTC like hotcakes at 16-18,000 but don't want to touch it at a good buy price of 13,000? Someone please explain...

Surprise · Dec 10, 2017

lovethetrade said:
They were all buying BTC like hotcakes at 16-18,000 but don't want to touch it at a good buy price of 13,000? Someone please explain...

Simple human psychology , if it drops more they will ignore it more , humans chase prices and they follow each other - momentum - . Thats exactly what happens everytime with penny stocks bubbles .

Remember Silver a few years back , same story , they dont want to touch it at the moment .

Hoi · Dec 10, 2017

Surprise said:
Simple human psychology , if it drops more they will ignore it more , humans chase prices and they follow each other - momentum - . Thats exactly what happens everytime with penny stocks bubbles .

Remember Silver a few years back , same story , they dont want to touch it at the moment .

2011 Silver, is still the same metal as it is now. No added features.

2011 Crypto currencies on the other hand are very different from today and will even more evolved and innovated in the future. Usefulness in many aspects is added and thereby its value for humanity.

Surprise · Dec 10, 2017

Hoi said:
2011 Silver, is still the same metal as it is now. No added features.

2011 Crypto currencies on the other hand are very different from today and will even more evolved and innovated in the future. Usefulness in many aspects is added and thereby its value for humanity.

Ofcourse I wasn't comparing Bitcoin with silver , Bitcoin scam is useless and worthless .