Bearmark

I think we're gonna need another one of them crypto manias.

Bitcoin still very much tied to stocks, seems to be rallying on the Fed decision to further prop up the markets. No safe haven in sight.

It's pure gambling, nothing more. People still think to get easy money with these financial bubbles and central banks are happy to oblige the risk sentiment. We seem to be at a peak gambling in general in crypto and other markets with lots of leverage being used on the buy side. Until it ends of course, it only matters how much damage the CBs are willing to do to future generations for short term gains. So far they don't seem to have limits.

This is happening so often with bitcoin, it seems people just accept the blatant manipulation of a few large players. Doesn't help that there is a fuckload of leveraged positions in the market which beg to be rekt by the people with deep pockets.

Bitcoin moving opposite of stocks in the past weeks. Either bitcoin is ahead of the curve again like in February or something else changed.

Sadly Hong Kong is infected by the CCP virus. Cant really trust it anymore.

Well regardless of current price action, bitcoin has a great chance of proving itself in the coming years when all other assets are being turned to shit by central bank policy and government fiscal policy. It's a decent gamble, I will keep my random assortment of top 10 crypto coins for the time being.

And he never blinks.

Exchanges will try to FOMO the **** out of everything, including this. After the halving something else will be the focal point so we can move the goal post. In the end it's simple supply and demand. How many people will require bitcoin to survive when great depression #2 is in full swing? It seems the mining of bitcoin will be fine, Chinese miners are SAFU to speak in crypto terms. And the big players are still well equipped to move the market however they want, but it always needs new blood. I think a lot will depend on whether real investors (not crypto related) will start seeing bitcoin as a safe haven. You'd have to be okay with your assets doubling and halving every now and then, so it's not for everyone. But Bitcoin moves with US stocks, not with gold. So either it is or isn't a place to park your money while everything else is dying. I'll leave that conclusion to you.

This topic was one year too early.

How does anyone still believe anything on those retarded crypto websites? No, Miguel has not left. Until somebody who actually knows about it can prove otherwise.

Hahaha I love crypto journalism, never seen such a bunch of useless clowns. In the dictionary entry for 'retardation', crypto journalism should be mentioned as a prime example.

Sure change the subject. Ripple is using their holdings to promote the network, bitcoin whales don't, and satoshi might or might not depending on his mood. Bitcoin miners extract millions of value from the network every year to pay electricity companies, while they can barely support the laughably low number of transactions. And oh how sad Ripple must be that they don't get the support from basement dwelling twitter trolls who make up the main part of the "crypto community". They will miss their $10 monthly crypto purchases dearly. Banks don't touch crypto currencies, they don't touch Bitcoin, Litecoin, Bitcoin Cash, Bitcoin Satoshi's Vision, Bitcoin Gold and Bitcoin Diamond. That's obviously because Ripple is holding so much XRP. Wanna change the subject again?

5% is enough to kill all trust in bitcoin. Ripple and founders not spreading a majority of XRP in early stages is a smart move. We can clearly see how bitcoin is centralized both in mining capacity and coin holdings where the big players interests are not aligned with long term health of the network, except maybe the odd bitcoin zealot who believes in the project. Decentralization doesn't just happen magically. Of course Ripple's strategy is far from perfect and there are a billion obstacles. Any plan comes with an inevitable gamble.

The bitcoin creator holds more than 5% of all bitcoins, and nobody knows who he is/they are or what he/she/they intend to do with those holdings. Why the **** would anyone trust a fundamentally flawed network whose creator we don't even know, which is highly centralized in China where the dictatorship holds full power over every and all economic activity including bitcoin mining? Bitcoin is not secure, it's not suitable for transactions, it's not transparent, it's not a store of value. You want to talk about crazy, talk about bitcoin. We know exactly who the XRP creators are, and even more so, the sales of Jed are predictable and laid out in contract. Eventually those holdings will be spread throughout the ecosystem.