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1907
Onvacation
2022 Jul 13, 6:23am
Onvacation
2022 Jul 13, 6:23am
Wow! Bitcoin dropped almost $1,000 this morning. Talk about volatility!
What happened to our fanboi? I hope the jab did not kill him.
What happened to our fanboi? I hope the jab did not kill him.
1908
WookieMan
2022 Jul 13, 6:28am
WookieMan
2022 Jul 13, 6:28am
Onvacation says
Nice drop. I think it has one more run and is done after that. We're talking a 4-8 year timeline. It will go back up. At some point people will be sick of being burned by a spreadsheet with no tangible value. Although most humans are morons, so I could be wrong.
Wow! Bitcoin dropped almost $1,000 this morning. Talk about volatility!
What happened to our fanboi? I hope the jab did not kill him.
Nice drop. I think it has one more run and is done after that. We're talking a 4-8 year timeline. It will go back up. At some point people will be sick of being burned by a spreadsheet with no tangible value. Although most humans are morons, so I could be wrong.
1909
richwicks
2022 Jul 13, 8:34am
richwicks
2022 Jul 13, 8:34am
Onvacation says
Hey @Bitcoin - you still alive?
Hope you got out at the top, and who knows - even if you didn't, it might recover. But I'm telling you, it's a scam. It's not workable as a currency and never will be, transaction times are way too slow and beyond that, it's far too volatile as a currency. The volatility would be fine if you could get in an out in seconds, and not hours or days.
Wow! Bitcoin dropped almost $1,000 this morning. Talk about volatility!
What happened to our fanboi? I hope the jab did not kill him.
Hey @Bitcoin - you still alive?
Hope you got out at the top, and who knows - even if you didn't, it might recover. But I'm telling you, it's a scam. It's not workable as a currency and never will be, transaction times are way too slow and beyond that, it's far too volatile as a currency. The volatility would be fine if you could get in an out in seconds, and not hours or days.
1910
Onvacation
2022 Jul 13, 6:53pm
Onvacation
2022 Jul 13, 6:53pm
Up $1,200 today. Traders can make money on Bitcoin if they can time the market correctly. Manipulators can make money, because that's what they do.
If you don't know who the fool is, it's probably you.
If you don't know who the fool is, it's probably you.
1911
zzyzzx
2022 Jul 14, 9:58am
zzyzzx
2022 Jul 14, 9:58am
https://finance.yahoo.com/m/b260033a-5cee-3df6-8606-34e47a19ec64/%E2%80%98i-just-wake-up-and-cry%E2%80%99-.html
Voyager and Celsius bankruptcies have destroyed some crypto investors’ confidence in centralized platforms
Voyager and Celsius bankruptcies have destroyed some crypto investors’ confidence in centralized platforms
1912
Misc
2022 Jul 14, 10:38pm
Bitcoin trades about 9-10% of its total value every day.
No shit it is manipulated.
No shit it is manipulated.
1913
Onvacation
2022 Jul 15, 10:20am
Onvacation
2022 Jul 15, 10:20am
Thanks for the link @stfu
https://truedollarjournal.blogspot.com/2022/06/bitcoin-in-2022-is-massive-failure.html
unless there would be worldwide government collapses and the end of commercial banking with their respective protectorates, central banks, there is little reason for cryptocurrencies, except for illegal activities.
Any worldwide collapse where Bitcoin prevails must be predicated upon electricity still being generated and firms that provide the Internet still running. That seems unlikely, except, perhaps for Elon Musk's Starlink. Individuals still would need to generate their own electricity to power their own computing equipment and Musk's Starlink would still need to generate electricity to power data centers that operate the Starlink system.
https://truedollarjournal.blogspot.com/2022/06/bitcoin-in-2022-is-massive-failure.html
1914
Cash
2022 Jul 15, 5:32pm
Onvacation says
For the most part I agree considering there are 20k+ cryptos and for 99.99% will likely go down in flames
due to no real use case and not because "they are used for illegal activities" which is a statement out of ignorance, not facts.
Lots and lots of crypto are marketed on future promises of utility of some sort however the very large majority will never amount
to anything and disappear.
The other <1% already have use case and are being tested, used and developed by the worlds governments and the largest of institutions
and besides a couple of small countries declaring BTC a currency for their countries I don't believe BTC or ETH are going to make the
cut as reserve currencies however the technology in the digital crypto space will be a much larger player across the world as time goes on,
particularly due to the worlds governments war on fiat and it won't take 20000+ crypto to get that job done.
there is little reason for cryptocurrencies
For the most part I agree considering there are 20k+ cryptos and for 99.99% will likely go down in flames
due to no real use case and not because "they are used for illegal activities" which is a statement out of ignorance, not facts.
Lots and lots of crypto are marketed on future promises of utility of some sort however the very large majority will never amount
to anything and disappear.
The other <1% already have use case and are being tested, used and developed by the worlds governments and the largest of institutions
and besides a couple of small countries declaring BTC a currency for their countries I don't believe BTC or ETH are going to make the
cut as reserve currencies however the technology in the digital crypto space will be a much larger player across the world as time goes on,
particularly due to the worlds governments war on fiat and it won't take 20000+ crypto to get that job done.
1915
HeadSet
2022 Jul 15, 6:22pm
HeadSet
2022 Jul 15, 6:22pm
Cash says
Without bitcoin, ransomware would be impossible.
"they are used for illegal activities" which is a statement out of ignorance, not facts.
Without bitcoin, ransomware would be impossible.
1916
Cash
2022 Jul 15, 6:41pm
Crypto vs Fiat: Is One Or The Other More Of A Haven For Illicit Finance?
https://regtechconsulting.net/crypto-blockchain/crypto-vs-fiat-is-one-or-the-other-more-of-a-haven-for-illicit-financing/
The total amount of illicit fiat activity dwarfs that of the total amount of illicit crypto activity: trillions of dollars versus billions of dollars. But the relative amount of illicit fiat activity is miniscule compared to the relative amount of illicit crypto activity: for every one million dollars of crypto-related activity, $3,400 is “illicit”, but for every one million dollars of fiat-related activity, only 80 cents is illicit.
https://regtechconsulting.net/crypto-blockchain/crypto-vs-fiat-is-one-or-the-other-more-of-a-haven-for-illicit-financing/
The total amount of illicit fiat activity dwarfs that of the total amount of illicit crypto activity: trillions of dollars versus billions of dollars. But the relative amount of illicit fiat activity is miniscule compared to the relative amount of illicit crypto activity: for every one million dollars of crypto-related activity, $3,400 is “illicit”, but for every one million dollars of fiat-related activity, only 80 cents is illicit.
1917
Cash
2022 Jul 15, 6:45pm
Are ransomware and cryptocurrencies intrinsically linked?
https://techmonitor.ai/technology/cybersecurity/ransomware-and-cryptocurrencies
Without the existence of cryptocurrencies, ransomware would still be a big problem, says Nick Biasini, head of outreach at Cisco Talos. “If you go way back and start at the beginning of ransomware before it became the pervasive issue that it is today, it was actually not based on cryptocurrencies. The payment system was designed around gift cards or various other types of payment cards that you could operate.”
https://techmonitor.ai/technology/cybersecurity/ransomware-and-cryptocurrencies
Without the existence of cryptocurrencies, ransomware would still be a big problem, says Nick Biasini, head of outreach at Cisco Talos. “If you go way back and start at the beginning of ransomware before it became the pervasive issue that it is today, it was actually not based on cryptocurrencies. The payment system was designed around gift cards or various other types of payment cards that you could operate.”
1918
GNL
2022 Jul 15, 6:45pm
GNL
2022 Jul 15, 6:45pm
richwicks says
Holy cow, it takes days to complete a transaction with bitcoin?
The volatility would be fine if you could get in an out in seconds, and not hours or days.
Holy cow, it takes days to complete a transaction with bitcoin?
1919
richwicks
2022 Jul 15, 7:09pm
richwicks
2022 Jul 15, 7:09pm
WineHorror1 says
Yes. It works as a distributed database, to confirm the transaction you have to access 1000's of computers, and that takes time AND energy plus you're in a queue.
People who promote bitcoin haven't bothered to even check to see if it's viable. It's not viable, at least yet.
This problem has existed for years, and it's always "soon to be addressed, there's going to be a fix", but there never will be.
Bitcoin is too volatile, and slow, to actually ever be useful as a currency. It's an obvious tulip.
richwicks says
The volatility would be fine if you could get in an out in seconds, and not hours or days.
Holy cow, it takes days to complete a transaction with bitcoin?
Yes. It works as a distributed database, to confirm the transaction you have to access 1000's of computers, and that takes time AND energy plus you're in a queue.
People who promote bitcoin haven't bothered to even check to see if it's viable. It's not viable, at least yet.
This problem has existed for years, and it's always "soon to be addressed, there's going to be a fix", but there never will be.
Bitcoin is too volatile, and slow, to actually ever be useful as a currency. It's an obvious tulip.
1920
Maga_Chaos_Monkey
2022 Jul 15, 9:09pm
Maga_Chaos_Monkey
2022 Jul 15, 9:09pm
Jesus Christ.
This really is the bitcorn MISINFORMATION thread.
This really is the bitcorn MISINFORMATION thread.
1921
Onvacation
2022 Jul 15, 9:57pm
Onvacation
2022 Jul 15, 9:57pm
Cash says
Really?
"they are used for illegal activities" which is a statement out of ignorance, not facts.
Really?
1924
Cash
2022 Jul 16, 7:32am
Onvacation says
And ATM cash is king x3 and BTC is w/o a doubt going to be smashed 12.5k - 10k then it will be time to look at
buying utility coins at crazy discounts.
One is fiat, the other is measured with fiat.
And ATM cash is king x3 and BTC is w/o a doubt going to be smashed 12.5k - 10k then it will be time to look at
buying utility coins at crazy discounts.
1925
HeadSet
2022 Jul 16, 9:25am
HeadSet
2022 Jul 16, 9:25am
Onvacation says
Nice bromide there, but please explain how a ransomware crook would collect without an untraceable payment?
HeadSet says
Without bitcoin, ransomware would be impossible.
If there's a will there's a way.
Nice bromide there, but please explain how a ransomware crook would collect without an untraceable payment?
1926
Onvacation
2022 Jul 16, 11:36am
Onvacation
2022 Jul 16, 11:36am
HeadSet says
Just Bromiding.
Nice bromide there, but please explain how a ransomware crook would collect without an untraceable payment?
Just Bromiding.
1928
HeadSet
2022 Jul 16, 5:29pm
HeadSet
2022 Jul 16, 5:29pm
Onvacation says
Then wouldn't it be simple to find out who collected the payments and arrest them? Plenty of motivation to prosecute when the victims are large corporations, police departments, government offices, and hospitals, and the ransom payments are usually large.
Are bitcoin transactions truly untraceable?
I'd say no.
Then wouldn't it be simple to find out who collected the payments and arrest them? Plenty of motivation to prosecute when the victims are large corporations, police departments, government offices, and hospitals, and the ransom payments are usually large.
1929
richwicks
2022 Jul 16, 5:34pm
richwicks
2022 Jul 16, 5:34pm
HeadSet says
It's pretty well understood that the people blackmailing people is the government itself. The "equation group" is a bunch of assholes inside of the NSA. We KNOW who is doing that, but our government is the fucking criminals themselves.
Onvacation says
Are bitcoin transactions truly untraceable?
I'd say no.
Then wouldn't it be simple to find out who collected the payments and arrest them? Plenty of motivation to prosecute when the victims are large corporations, police departments, government offices, and hospitals, and the ransom payments are usually large.
It's pretty well understood that the people blackmailing people is the government itself. The "equation group" is a bunch of assholes inside of the NSA. We KNOW who is doing that, but our government is the fucking criminals themselves.
1930
SunnyvaleCA
2022 Jul 16, 5:58pm
Chart above is missing (at least) one important row:
Transaction Privacy: high, high, low
Transaction Anonymity: high, high*, high**
* serial numbers on bills can be tracked (e.g.: finding Lindbergh kidnappers using serial numbers of ransom)
** if a user is identified for a single bitcoin transaction, then all transactions with that address are deanonomized
Transaction Privacy: high, high, low
Transaction Anonymity: high, high*, high**
* serial numbers on bills can be tracked (e.g.: finding Lindbergh kidnappers using serial numbers of ransom)
** if a user is identified for a single bitcoin transaction, then all transactions with that address are deanonomized
1931
Onvacation
2022 Jul 23, 9:54am
Onvacation
2022 Jul 23, 9:54am
Bitcoin Price Prediction: BTC Fails to Touch the Crucial Resistance
Looking at the daily chart, the bulls are struggling in keeping the Bitcoin price above the 9-day and 21-day moving averages, but the price is currently dropping below the 9-day MA. BTC/USD has been suffering since the European session as the technical indicator Relative Strength Index (14) moves to cross below 50-level. This could mean that the King coin is not yet ready for the upside.
Looking at the daily chart, the bulls are struggling in keeping the Bitcoin price above the 9-day and 21-day moving averages, but the price is currently dropping below the 9-day MA. BTC/USD has been suffering since the European session as the technical indicator Relative Strength Index (14) moves to cross below 50-level. This could mean that the King coin is not yet ready for the upside.
1933
zzyzzx
2022 Aug 2, 7:08am
zzyzzx
2022 Aug 2, 7:08am
https://finance.yahoo.com/news/nomad-hack-stolen-funds-125623615.html
Nearly $200 million drained from crypto bridge Nomad in latest crypto hack
Nearly $200 million drained from crypto bridge Nomad in latest crypto hack
1934
Onvacation
2022 Aug 11, 10:47am
https://changelly.com/blog/bitcoin-price-prediction/
100k today will be worth 4.5m in 2030.
Onvacation
2022 Aug 11, 10:47am
Bitcoin Price Prediction 2030
After years of analysis of the Bitcoin price, crypto experts are ready to provide their BTC cost estimation for 2030. It will be traded for at least $776,060.47, with the possible maximum peaks at $937,274.64. Therefore, on average, you can expect the BTC price to be around $798,474.46 in 2030.
Potential ROI: 3977%
BUY
Bitcoin Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Bitcoin’s price. The year 2031 will be determined by the maximum BTC price of $1,353,943.82. However, its rate might drop to around $1,117,007.86. So, the expected average trading price is $1,148,946.84.
Potential ROI: 5789%
BUY
You can get Bitcoin and over 200 other cryptocurrencies on Changelly at fair rates and with low fees.
https://changelly.com/blog/bitcoin-price-prediction/
100k today will be worth 4.5m in 2030.
1935
Cash
2022 Aug 19, 8:38am
Plans in the working and I haven't bought any crypto and don't have any plans to until the good ole USD plays out, probability says DXY 121 but will see.
1 marker taking place right now with BTC that wasn't in the past when BTC was dumping is stablecoins such as USDT USDC USDD etc. are loosing market cap instead of gaining, which means that money is going back to fiat and the banks this time as it will be with just about any asset you can name due to all the over leveraged players, including the paper trades on commodities, metals and oil imo Capitulation across the board is on the way and the EPIC deals on quality investments will be historical. GL
1 marker taking place right now with BTC that wasn't in the past when BTC was dumping is stablecoins such as USDT USDC USDD etc. are loosing market cap instead of gaining, which means that money is going back to fiat and the banks this time as it will be with just about any asset you can name due to all the over leveraged players, including the paper trades on commodities, metals and oil imo Capitulation across the board is on the way and the EPIC deals on quality investments will be historical. GL
1938
WookieMan
2022 Aug 19, 9:17am
WookieMan
2022 Aug 19, 9:17am
Onvacation says
Nope. Not an asset. Unless a spreadsheet/database of numbers all a sudden holds value. It's not even usable data for marketing or anything. It's the literal definition of worthless.
Cash says
market cap
Can the term "market cap" really be applied to crypto?
Nope. Not an asset. Unless a spreadsheet/database of numbers all a sudden holds value. It's not even usable data for marketing or anything. It's the literal definition of worthless.
1939
Onvacation
2022 Aug 19, 9:22am
Onvacation
2022 Aug 19, 9:22am
It is only worth what the next biggest fool will pay for it.
Of course there are a lot of fools out there.
Of course there are a lot of fools out there.
1941
Onvacation
2022 Sep 7, 10:13am
Onvacation
2022 Sep 7, 10:13am
People also ask
How much is BTC worth in 2025?
It is assumed that in 2025, the minimum BTC price might drop to $85,596.05, while its maximum can reach $102,438.17. On average, the trading cost will be around $88,043.53.
https://changelly.com/blog/bitcoin-price-prediction/
How much is BTC worth in 2025?
It is assumed that in 2025, the minimum BTC price might drop to $85,596.05, while its maximum can reach $102,438.17. On average, the trading cost will be around $88,043.53.
https://changelly.com/blog/bitcoin-price-prediction/
1942
Onvacation
2022 Nov 9, 11:02am
Onvacation
2022 Nov 9, 11:02am
WOW!
BTC 16,591.00USD
−1,956.50 (10.55%)today
Down 10% today. They must have stiffed the mules.
BTC 16,591.00USD
−1,956.50 (10.55%)today
Down 10% today. They must have stiffed the mules.
1943
Eric Holder
2022 Nov 9, 11:44am
Eric Holder
2022 Nov 9, 11:44am
Onvacation says
IT"S A BUYING OPPORTUNITY!!!!
WOW!
BTC 16,591.00USD
−1,956.50 (10.55%)today
Down 10% today. They must have stiffed the mules.
IT"S A BUYING OPPORTUNITY!!!!
1945
DD214
2022 Nov 10, 5:23am
From a $32 billion valuation to a fire sale in 11 months: How FTX nosedived in spectacular fashion
https://markets.businessinsider.com/news/currencies/ftx-crypto-implosion-sam-bankman-fried-loses-billions-sequoia-trillionaire-2022-11
https://markets.businessinsider.com/news/currencies/ftx-crypto-implosion-sam-bankman-fried-loses-billions-sequoia-trillionaire-2022-11
1946
DD214
2022 Nov 10, 5:25am
Tom Brady and other super wealthy investors lost big money in FTX’s collapse
https://fortune.com/2022/11/09/tom-brady-ftx-crypto-collapse-lost-investment/
https://fortune.com/2022/11/09/tom-brady-ftx-crypto-collapse-lost-investment/
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https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocurrency-mining-pump-dump-fraud-ico-value