EPTFeels like the entire interest is from investors rather than "believers". Right now I bet a whole lot of big boys shorted this shit and are reaping heaps of money at the moment on the new futures trading.
Dip still going I think,
Bitcoin discussion thread - Page 48
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MoonfireSpam
United Kingdom1153 Posts
Feels like the entire interest is from investors rather than "believers". Right now I bet a whole lot of big boys shorted this shit and are reaping heaps of money at the moment on the new futures trading. Dip still going I think, | ||
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Laurens
Belgium4557 Posts
Pretty wild 24 hours. My investment in Ethereum was at 1300 euros yesterday evening, 800 this morning, back at 1150 around lunch, now back down at 900. I tried selling when it was at 1100 earlier this week but using Kraken is near impossible since Bitcoin blew up, site constantly goes down. I suppose the lesson here is to never invest more than like 1% of your savings, if only for your own sanity lol. | ||
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MoonfireSpam
United Kingdom1153 Posts
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Mohdoo
United States15743 Posts
Na, it'll hit 10k and below soon | ||
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FiWiFaKi
Canada9859 Posts
I think the price will drop to 25-35% of the peak for most cryptocurrencies. | ||
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aseq
Netherlands4001 Posts
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Oukka
Finland1683 Posts
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TheFish7
United States2824 Posts
On December 15 2017 19:45 iPlaY.NettleS wrote: Fees are way too high right now ![[image loading]](https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/img/stages_bubble.png) Probably around the greed/delusion stage. ![[image loading]](https://i.imgur.com/msiOezd.png) Looks more like denial to me. I just don't see where the value is. I get that there's a limited quantity and that the blockchain is useful but neither of those things necessarily equate to value imo. | ||
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evilfatsh1t
Australia8888 Posts
bitcoin is not going to serve its purpose as a currency and it doesnt have any value so theres pretty much no other reason to keep it imo. | ||
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IgnE
United States7681 Posts
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LemOn
United Kingdom8629 Posts
It just wasn't ready for the massive influx of transactions And it might take months and years before the transaction cost especially is brought down and it can serve practical purpose and challenge fiat You're basically either speculating Or betting on the future and how the world will change and bitcoin develop | ||
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Artisreal
Germany9235 Posts
It's so inherently stupid that unless they change it to a less wasteful generation or should be banned globally due to its inherent damage to the environment. | ||
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Weebem-Na
United States221 Posts
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Chrono000
Korea (South)358 Posts
dont worry if its a currency or not. people use it for different things. just find your use case. if you dont have a use case for it its not for you. also buy the dip, not a bad move. | ||
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Jelissei
193 Posts
On December 24 2017 19:05 Chrono000 wrote: mining is is done in country where electricity is being wasted anyway. if you know where the miners are they are in countries with an oversupply of energy. so really its not wasted energy, its actually putting the otherwise wasted energy to sustain a alternative financial network which i think is rather cool feature. (...) What? I hear most of the mining is done in China and China is importing already 80% of its energy needs through the Strait of Malacca alone. I don't know where the other 20% is coming from, but there is no oversupply of energy in China. | ||
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Artisreal
Germany9235 Posts
On December 24 2017 19:05 Chrono000 wrote: mining is is done in country where electricity is being wasted anyway. if you know where the miners are they are in countries with an oversupply of energy. so really its not wasted energy, its actually putting the otherwise wasted energy to sustain a alternative financial network which i think is rather cool feature. dont worry if its a currency or not. people use it for different things. just find your use case. if you dont have a use case for it its not for you. also buy the dip, not a bad move. That's pure nonsense. You don't just have capacities of GW on hand. Lol | ||
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arbiter_md
Moldova1219 Posts
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pmh
1416 Posts
On December 23 2017 13:58 TheFish7 wrote: Looks more like denial to me. I just don't see where the value is. I get that there's a limited quantity and that the blockchain is useful but neither of those things necessarily equate to value imo. It could also be the first sell off,the "bear trap" lol. The public isn't that much into cryptos yet. Most people say its a hype and that is has no value,a temporary hype just waiting to blow over. Only a small percentage of the public is buying and holding bitcoins. And if you look at the chart then now could be fase 2, instutional investors entering the market now that there are futures. Maybe not only to invest long term,but also in trading the market itself. I don't think bitcoin will completely crash,at the end of the day there is only a limited amount of coins available and the market wont crash when there is no one selling. You can see how fast it shoots up again once the selling has stopped. the market is still trying to find a good price at which it can be traded. | ||
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ShoCkeyy
7815 Posts
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LemOn
United Kingdom8629 Posts
Segwit will get implemented fees slashed, if people will keep believing with the big players coming in and wide trading available anything below 100k would be a bad sign | ||
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