RIP Bitcoin

**uncle junior** · 17-03-2018, 09:08 PM

^BTC may not need to adapt....pretty much everybody buys it initialy to get their money in the market. And alot of folks use it automatically for storage....i do anyway. Cryptogold.

I think the future is making crypto adapt to buying Starbucks. That's why I like the fintech. I can keep my money in crypto and travel anywhere and use it. No sleazebags moneychangers. Somebody's gotta make it easy enuff to use tho and get it adopted.

**Farangrakthai** · 17-03-2018, 10:13 PM

Originally Posted by uncle junior

And alot of folks use it automatically for storage....i do anyway. Cryptogold.

a crypto that can lose 5-6% in one day (like btc today) is not good for storage, IMO.

Originally Posted by uncle junior

^BTC may not need to adapt....pretty much everybody buys it initialy to get their money in the market.

not those who've done their homework: btc is slower and more expensive to transfer than others.

**baldrick** · 17-03-2018, 10:57 PM

BTC was the prototype - and it has done well , but it will fail because the problems it is showing have no solutions because it does not have a consensus mechanism outside miners agreeing with the chain direction - thus there is the number of splits

if you can not understand this , you will just have to take the future to explain it to you

scaling , and therefore speed , aka number of transactions per unit of time , will increase for any coin/token with an active development team - but that does not mean it is a coin/token that will succeed

rationality is point and shoot transactions , and combined with that trust and security

the move by mobiles to fingerprints is a start , but we will see if current hardware can keep these sort of authentications secure - and this is current the triumvirate for a crypto currency - privacy , security , instant transactions

we can look at the adoption of NFC for small payments as the future , but in my opinion if you can not keep your transactions out of the hands of the data mining marketing/advertising conglomerates , then yes humnanity is doomed.

I have posted a few times before about what I believe happens when every person believes their every action is recorded and judged - they will conform to the stupid

**raycarey** · 17-03-2018, 11:04 PM

Originally Posted by uncle junior

BTC may not need to adapt....pretty much everybody buys it initialy to get their money in the market.

if crypto-currencies are actually going to be used in every day transactions, then they're going to have to be easier to purchase with traditional currencies.

the process involved to buy these coins is absurd....and the fees are extortionate. this can't and won't continue if these things are going to survive.

**uncle junior** · 17-03-2018, 11:08 PM

You sell a coin, where's it going, usually BTC,ETH or USDT.

IMO...USDT is trouble, they have nothing to back it up, at some point they're gonna sign off and leave alot of ppl empty handed.

If ur gonna leave ur money sitting for a day or 2 ur better off in something secure, ETH or BTC.

**Latindancer** · 18-03-2018, 07:54 AM

Bitcoin is dangerously close to a 'death cross' formation that could send it tumbling

https://au.finance.yahoo.com/news/bitcoin-dangerously-close-apos-death-055900670.html

**Farangrakthai** · 18-03-2018, 09:31 AM

Originally Posted by baldrick

and this is current the triumvirate for a crypto currency - privacy , security , instant transactions

makes sense and i'm curious as to how your favorites (stellar and decred) meet that criteria.

Originally Posted by baldrick

I am majority DCR which I am staking

I like stellar - XLM - and I think if it gets back to a dollar then I will offload it

have to say that your faith in those coins must be very strong.

stellar is down more than 60% in a month (.47 to .19).

and decred is down 50% in a month (97 to 46).

and, you're still looking for a "bottom" to buy more...

posts from last week:

Originally Posted by baldrick

weeeeeeeee.......

down down down

is anyone preparing to insert a digit when we reach the bottom ?

I want some more decred

Originally Posted by baldrick

does anyone think we are touching bottom yet ?
is it the full bombatta ?
or just a dimple in the luscious expanse of the derriere as it curves down toward the event horizon ?

stellar 90 day chart:

RIP Bitcoin-screenshot-www-coingecko-com-2018-03-a

**Mr Earl** · 18-03-2018, 09:37 AM

Originally Posted by Latindancer

Bitcoin is dangerously close to a 'death cross' formation that could send it tumbling

https://au.finance.yahoo.com/news/bi...055900670.html

More FUD!

The death of Bitcoin has been predicted hundreds of times already.

After every attack Bitcoin evolves stronger and more resilient.

I would suspect the author of the article to be a paid shill. Paid by wall street to depress the market prior to the next wave of institutional investors jumping in.

The beauty of Bitcoin is that it can't be killed by any one entity, nor can it be regulated by any one government.

Bitcoin spells the end of trust in government and the banker banksters.

**Farangrakthai** · 18-03-2018, 09:56 AM

Originally Posted by baldrick

But I think ant will have doubled his money by June 30

well, ant's eth and ripple are down about 50% in a month (he's lost 25,000 of his 50,000 baht investment).

could have bought 7 of topper's 3700 baht steak dinners with that 25,000 baht...

Originally Posted by baldrick

But I think ant will have doubled his money by June 30

though, if ripple goes from $.6 today to $2 on june 30 (and eth does the same), then you'll be right.

ripple 90 day chart:

RIP Bitcoin-screenshot-www-coingecko-com-2018-03-a

**Farangrakthai** · 18-03-2018, 10:57 AM

support for btc around $6,400, apparently.

and next strong support is $5,500 (25% below current price):

https://www.coindesk.com/6k-in-sight...rective-rally/

Accordingly, losses extended to lows below $7,700 today and could further decline to $5,500 (target as per the measured height method, discussed yesterday) in the next couple of weeks.

Tuesday's "inside day" doji candle highlighted bullish exhaustion around the critical double top neckline resistance (former support) of $9,280.

Further, Wednesday's negative follow-through confirmed that the corrective rally from the March 9 low of $8,342 has ended and signaled a revival of the downtrend. The pattern only adds credence to the bear flag breakdown seen on the 4-hour chart.

On the way lower, the cryptocurrency may encounter support at $6,410 (ascending trendline) and $6,000 as shown in the chart below.

**AntRobertson** · 18-03-2018, 11:57 AM

Originally Posted by Farangrakthai

well, ant's eth and ripple are down about 50% in a month (he's lost 25,000 of his 50,000 baht investment).

Yes but no. Your Ant Charts are wrong.

Also, that’s weird.

**Farangrakthai** · 18-03-2018, 12:14 PM

Originally Posted by AntRobertson

Originally Posted by Farangrakthai

well, ant's eth and ripple are down about 50% in a month (he's lost 25,000 of his 50,000 baht investment).

could have bought 7 of topper's 3700 baht steak dinners with that 25,000 baht...

Yes but no. Your Ant Charts are wrong.

i said about 50%.

as i recall, your ripple and eth went up a bit after you got in, so you didn't get in at the high of the 30 day chart.

so, maybe your loss is 40-45%.

that's a 20-22,000 baht loss, right?

only 6 of topper's 3700 baht steak dinners.

Originally Posted by Farangrakthai

well, ant's eth and ripple are down about 50% in a month (he's lost 25,000 of his 50,000 baht investment).

could have bought 7 of topper's 3700 baht steak dinners with that 25,000 baht...

**baldrick** · 18-03-2018, 12:22 PM

Originally Posted by Farangrakthai

and, you're still looking for a "bottom" to buy more..

yes I am still waiting - I am thinking BTC will go sub 5k , maybe to 2k and decred will suffer as well and then I will buy in

if it does not and BTC stablises at 5-6k then I will just buy as it is rising

DCR achieved all its targets in its 2017 roadmap and I have confidence they will continue

Originally Posted by Farangrakthai

that's a 20-22,000 baht loss, right?

and this is why people should not be specific about what they are spending on crypto

**Farangrakthai** · 18-03-2018, 12:23 PM

Originally Posted by baldrick

yes I am still waiting - I am thinking BTC will go sub 5k , maybe to 2k and decred will suffer as well and then I will buy in

fair enough.

**Luigi** · 18-03-2018, 12:35 PM

I like the name of the thread 'RIP Bitcoin'.

2 years ago lol.

Originally Posted by forreachingme

over a year form 250 to 450 and around 400 now...

Gonna be interesting to see where it (and the main Alts) are in 2-3...5 years time.

**Luigi** · 18-03-2018, 12:37 PM

Originally Posted by Farangrakthai

that's a 20-22,000 baht loss, right?

Only if selling now.

Only 2 prices matter. The buy price and the sell price. Anything in between is just fluff and a reason to drink at 8am.

**Farangrakthai** · 18-03-2018, 12:43 PM

Originally Posted by Luigi

Only 2 prices matter. The buy price and the sell price. Anything in between is just fluff and a reason to drink at 8am.

...

**uncle junior** · 18-03-2018, 02:29 PM

Another day and no lambo.

**Farangrakthai** · 18-03-2018, 02:35 PM

Originally Posted by uncle junior

Not much point in selling now. You either gotta buy more and trust ur research or just throw in the towel and hope things turn around.

like baldrick mentioned, btc could go to 2k and that would drag most cryptos down another 70% (like ripple to .2 and eth to 150).

Originally Posted by baldrick

yes I am still waiting - I am thinking BTC will go sub 5k , maybe to 2k and decred will suffer as well and then I will buy in

Originally Posted by uncle junior

Not much point in selling now. You either gotta buy more and trust ur research or just throw in the towel and hope things turn around.

well, there's more than one choice, IMO.

1. be a hodler and hope one of the cryptos you hold "goes to the moon" this year or another year.

2. sell all of your crypto and with what funds you have left, use it for day trading (more fun than waiting for a trip to the moon while the launch pad is sinking into a swamp).

3. a combination of 1 and 2.

**uncle junior** · 18-03-2018, 02:39 PM

Just bought some more of everything I'm holding. That's it til I start seeing some green.

**Mr Earl** · 18-03-2018, 02:50 PM

^ I just bought another .4 BTC here's a good watch while we wait for da moon.

**Luigi** · 18-03-2018, 03:16 PM

Just totalled up my long-term portfolio for the first time in a month.

-45.7%

Which is the lowest it's been.

When I last totaled it on 20th Feb it was +9.16%

One month before that on Jan 21st it was + 63%

Interesting year(s) ahead.

**baldrick** · 18-03-2018, 04:55 PM

Yes. It all depends on your buy price

This downturn will shake out a lot of the coins, or I believe tokens as the lofty promises are left by the wayside and bagholders who got in early at a low price dump and run

If the development has not got a logical sustainable future people will not develop the code for something that looks doomed

**OhOh** · 18-03-2018, 08:24 PM

What to buy eh, and make a profit?

In the world of blockchain, who will get to be Google?

The World Wide Web has come a long way from the early days of Netscape and now a battle looms between the old and new media

Remember Netscape? It was the first company in the world to attempt to properly commercialize the World Wide Web by launching, in December, 1994, the first graphical interface.
Before Netscape the internet was a strange, clunky but intriguingly new place of pixelated text, command-line code and weirdly chirping dial-up modems. It’s strange to listen to that now but even stranger perhaps, in today’s world of 3D printing, the Internet of Things and ubiquitous smartphones, to remember that this all started only two decades ago.

Back then the internet was used mainly by academia, the US military and hippyish, kind-of-anarchic, nerds. Netscape’s web browser was transformative in that it turned the internet into a point-and-click environment which made it, for the first time, accessible to millions.

Netscape’s star burned, and burned brightly for a little more than 10 years. It went public in August 1995, only months after its launch, and the IPO astounded its 20-something owners by raising $3 billion, despite the fact that Netscape had yet to make one cent in profit. It was this IPO that has since been said to have started the Dot-Com bubble.

The internet giant of the day, America Online – later to become AOL, ? – announced it wanted to buy Netscape in 1998 and did so a year later for $4.2 billion. Netscape was killed off by AOL in 2008 after being crushed by Microsoft in the so-called “browser wars” of the late 1990s. The browser that started it all, and at one time had more than 90% of the browser market share, had only 0.6% when it died. By then Microsoft’s Internet Explorer had 78%.

By selling out to the dark side?

cont

In the world of blockchain, who will get to be Google? | Asia Times

**uncle junior** · 18-03-2018, 08:32 PM

^Did you even read that?

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