Bitcoin Price Thread

I wish I could get paid 6 figures to spew nonsense about things I do not know anything about. Great gig! It is all legit because with a Ph.D one can do no wrong.
 
14,400 and rolling over...No surprise. The sheep were fleeced. BUT BUT BUT "This time it's different". Going to a million, all the experts told me. $21 trillion cap. ROFTLMAO
 
Pekelo said:
My understanding of the futures connection is that it is one way, the futures are a derivative of BTC, but BTC isn't much affected by the futures' movement. So even if HF money goes long on futures (the only hope for hodlers), that doesn't do much to push BTC up. I might be wrong on this one, I would like to hear more input.

The LN is just a dream at this point, too much talk, nothing is getting done. LTC has the LN already, people could just switch to it if they want cheap and quick tx, instead of waiting for consensus. I mean if we are talking about actual users.

Bitcoin is an excellent social experiment: how the lack of regulation and a governing body stops invention because of self interest.
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I suppose I'm seeing it more as a gauge of conventional usage adoption. No future bullish interest in wall street= no growth. Plus one can always measure up against the unregulated future volume I suppose. @ 22 million coins @ 50k per coin you're talking a trillion market cap which to me seems unrealistic compared to the whole financial market (couple of trillion?). Bitcoin's cap of the market is already down to 50% of total crypto (thought that can violently change either way).
 
Here4money said:
Yup; it's all going to ripple now....coin rotation, business per usual.
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Retail has no clue what's going on. Bitcoin market cap went from 420 billion to 276 billion in a few days. When the king drops to his knees the rest follow. I called this 3 days ago. Litcoin just lost support of 290. Keep buying retail. Falling knife.
 
Here4money said:
I suppose I'm seeing it more as a gauge of conventional usage adoption.
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Adoption is disappearing due to fees and slow txs. But let's say BTC was still fast and cheap fees, nobody is adopting because everybody is hording it. It could still grow without HFs, after all it went up 19 times YTD. So I don't see it as a necessity for growth. But usability is a necessity, and right now BTC isn't usable as a currency. And there is no quick solution in sight, while the other altcoins are just working fine.

Time to jump ship, because this coin has jumped the shark.
 
Pekelo said:
Adoption is disappearing due to fees and slow txs. But let's say BTC was still fast and cheap fees, nobody is adopting because everybody is hording it. It could still grow without HFs, after all it went up 19 times YTD. So I don't see it as a necessity for growth. But usability is a necessity, and right now BTC isn't usable as a currency. And there is no quick solution in sight, while the other altcoins are just working fine.

Time to jump ship, because this coin jumped the shark.
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....the better mousetrap.
 
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