Normal BTC price movement in line with various BTC price pressures that are anticipated in various price prediction models, such as: 1) stock to flow, 2) four-year fractal and 3) s-curve exponential adoption based on metcalfe and networking principles.What's behind the current surge? Is this another case of whales pumping the market before crashing it again?
That seems a bit overly bullish about BTC, Stats - even though I would not rule out the possibilities that you are describing.I think we are going to see a lot of green coming up. likely new ath in 2020,
I see the possibility of BTC market cap surpassing the USD in the next decade.
great.yes I have baught btc about 30 times since march. And yes I have a very diversified portfolio
Even if bitcoin was not the biggest money making opportunity in the history of peoplekind then just the memes, culture and knowledge about the financial system, politics etc etc are worth taking part in it.The Moon is saying btc is going past 20k "soon" and to 100k before end of 2021. I'll be happy if 20k gets cracked before then.
I don't know about that.or it could be the millions of locked-down people playing with government handout money.
Sure... some smaller miners might also be turning off their mining equipment because they are finding it to be more difficult to be profitable based on the halvening and the increased hashrate.Some smaller miners might already be selling out of their pre halving stockpile.
You lost me when you wrote peoplekind instead of the correct term mankind.Even if bitcoin was not the biggest money making opportunity in the history of peoplekind then just the memes, culture and knowledge about the financial system, politics etc etc are worth taking part in it.
haahahahaYou lost me when you wrote peoplekind instead of the correct term mankind.
"Glacier" protocol comes to mind, although it reads like an academic paper (ever lab vulnerability is consider real-world and needs protection...bit too hollywood)haahahaha
Peoplekind.. I did not catch that the first time. That's hilarious.
By the way, regarding the overall point that bitcoin has already made a contribution, that is a good one.
Regarding not being able to put the genie back in the bottle, that is a good one.
For example, if there were to be some kind of strategic and coordinated governments attack on bitcoin, and it appeared that bitcoin was losing that battle, then it seems that another bitcoin would develop, evolve, or get used.. and maybe that could be part of the use case of shitcoins to have those various possible alternative vehicles?
But even in the USA, there seems to be little to no interest in actually attempting any kind of meaningful attack on bitcoin, and the recent decision to allow traditional banks to be able to legally custody bitcoin, that seems to be a regulatory action in the opposite direction to suggest that it is o.k. to have bitcoins.
Surely, guys should still consider that there are problems for large numbers of bitcoin users to be custodying their bitcoins with third party, so guys should be taking measures to make sure that they are NOT holding large amounts of their bitcoins with third parties and have various means of self-custodying their bitcoins... at least bug-out bag amounts, and perhaps even greater than bug-out bag amounts. Bitcoin is not like gold in the sense that guys are going to have a difficult as fuck time to store and/or transport vast quantities of gold, but bitcoin does not have those kinds of physicality limitations that could be a pretty BIG hinderance in certain hypothetical situations that some guys could end up facing in a kind of bugging-out scenario.