BITCOIN

Millyonare

Always amazed that so many people piled into peer-to-peer (P2P) cryptocurrencies. The earlier P2P loan industry had already been a train wreck for years before. The warning signs were there for a long time before Bitcoin and others!

Hexane

Probably nothing.

https://www.dailymail.co.uk/news/article-11407295/Cryptocurrencies-TUMBLE-amid-market-panic-near-collapse-troubled-giant.html

Bitcoin plunges another 10% after near-collapse of major exchange: FTX is hit by $6BILLION in withdrawals over 72 hours amid panic over its financial health as it strikes bailout deal with arch-rivals Binance

Hexane

FrankRizzo said:

Any help appreciated 

You're going to need it.

Hexane

tranquility1 said:

BREAKING:  CRYPTO WHALE MAKING MOVES LAST NIGHT!

I almost doubled my stake in crypto last night.  I have also taken some new positions thusly:

~ £1200 in BTC
~ £1100 in XRP
~ £1100 in XLM
~ £1100 in ETH


XRP and XLM will be the adopted coins for the new financial system, and they will make me a very rich man.

How are these all working out for you now?

You bought 25th August 2021?

Are you a very rich man? Or not?

Hexane

Zola. said:

https://twitter.com/BitcoinMagazine/status/1430937931993202706

Its probably nothing

It wasn't quite nothing, but it did see huge losses.

Hexane

Hexane said:

Scottex99 said:

YellowStarling said:

Genuine question:  for those knocking Bitcoin, do they (consciously or not) substitute "cryptocurrency" (as a whole) with it, or not?  In other words, are those not in favour of Bitcoin also not in favour of other cryptocurrency projects, or just Bitcoin?  I know the title of this thread is specific but some posts appear more aimed at the crypto space in general, hence my question.

Just wondering whether any anti-BTC are more bullish on alternative projects, perhaps those that are aiming for the scalability/TPS targets more akin to fiat monetary systems, or smart contract/app networks, or something else.  E.g. Proof-of-Stake projects like Ethereum 2.0, Cardano, Polkadot, or hashgraph projects like Hedera, etc.

Oh and see you at $100k BTC in a few months. Peace

That was on 13th April 2021. Six months down the line, BTC seems to be at around $59,000

So it's gone basically nowhere in that time, other than down a lot and back up again.

Need another "few months"?

And again? BTC seems to be worth less than $17,000 right now.

Where are you, Scott?

Hexane

darren232002 said:

Remembered why I stopped posting here. 

But do you remember why Scott stopped posting here? He and you were the "big brains", right? 

Hexane

darren232002 said:

Look around, its not conspiracy theorists and rednecks buying Bitcoin, its rocket scientists, CEO's, institutions and computer programmers/STEM graduates. These guys know the way the world is going. JP Morgan in 2017 said BTC is a ponzi, in 2021 they are advising their clients to put a % of their portfolio in it and predicting prices in the $140k range. Citigroup threw out a $300k+ price prediction.

Lest we forget.

mooneysaver

Hexane said:

darren232002 said:

Remembered why I stopped posting here. 

But do you remember why Scott stopped posting here? He and you were the "big brains", right? 

Don't blame me... I voted for binance!

DannyCarey

All of this is caused by s**tcoin casinos being over leveraged, selling worthless tokens, and other various extremely shady business practices. Sam Bankman-Freid will be going to jail. 

This != to Bitcoin, although Bitcoin is affected, forced liquidations, people panicking who have left their tokens on exchanges etc and now risk losing everything as no protection. 

This is precisely why bitcoiners say "not your keys, not your coins". When an exchange goes bust like this and your tokens are on there, they are gone forever. I think there will be more exchanges going down next, my bet is on crypto.com, another sh**coin casino. 

This activity is nothing new in the "crypto space" but it will wash out bad actors over time, more stringent licensing will come into play and eventually people will realise that all the froth is worthless, but Bitcoin the protocol is very very different from the rest. 

Bitcoin probably has more to fall. Hell my employer's share price is down 70% this year and they sell critical services, not deemed a speculative asset by the masses...