The creator of the now famous HODL meme says that the HODL term has been corrupted and doesn’t mean what he intended; also mentions that the purpose of Bitcoin is to spend it and that BTC has lost its value proposition.
"Bitcoin Legacy, for all intents and purposes, is now impossible to trade. It has a transaction backlog approaching 200,000 txs of people _trying_ to sell, who _can't_. Also, markets have suspended trading. On a market, any market, what is the value of something you can't sell?"~Rick Falkvinge
Fiat pegged value is illusory: A gallon of milk now cost roughly twice what it did 10 years go in US dollars. A gallon of milk costs about 1/1000 what it did in bitcoins 5 years ago.
Fiat pegged value is illusory: A gallon of milk now cost roughly twice what it did 10 years go in US dollars. A gallon of milk costs about 1/1000 what it did in bitcoins 5 years ago. Yet people say fiat like the us dollar is somehow more secure. They talk aboit bitcoin not being "pegged" to anything.. No paper currency is pegged to anything and since all governments are printing paper currency endlessly it is guaranteed to slip in value more than something like bitcoin which is firmly limited in number to apprx 21 million. Fiat Currency is demonstrably LESS "pegged" as the numbers above show. So many concepts that people throw around as criticisms of bitcoin they universally accept with their fiat without even a thought.
If we accept that Bitcoin is in a bubble right now. Rising just for the sake of rising and not based on events which should increase its value. Then what happens to Ethereum when it pops? Does everyone jump ship to us? Or does the whole market tank?
this keeps getting removed by a bot because i havent written enough so i'm gonna fill this up a bit. this is a issue which has been flagged by a few people now (warren buffet for one) and will define Eth trading for a significant time when it hits so i believe it warrants its own discussion outside of the daily thread
BitcoinCore shills have claimed for months that Bitcoin's high price was due to Segwit and dev team superiority. Now that the price is half of what it was, while fees remain high, lets see how many believe that their precious "Store of value" is working as intended.
If BitcoinCore takes responsibility for price increases then they should also be responsible for its crashes. Meanwhile, new users have been manipulated into believing BitcoinCore had a legitimate scaling plan. These people have been led to the slaughter due to censorship and propaganda.
The creator of the now famous HODL meme says that the HODL term has been corrupted and doesnt mean what he intended; also mentions that the purpose of Bitcoin is to spend it and that BTC has lost its value proposition.
The creator of the now famous HODL meme says that the HODL term has been corrupted and doesnt mean what he intended; also mentions that the purpose of Bitcoin is to spend it and that BTC has lost its value proposition.
Fiat pegged value is illusory: A gallon of milk now cost roughly twice what it did 10 years go in US dollars. A gallon of milk costs about 1/1000 what it did in bitcoins 5 years ago. /r/Bitcoin
The value of Bitcoin Cash is pegged to Bitcoin. What happens if the price of Bitcoin goes to zero? We need a contingency plan now. Bitcoin Cash should be traded and reported as currency pairs side by side against BTC.
What would you be thinking right now if you had recently invested in bitcoin only to read tonight’s news headline that the value of bitcoin is plummeting?
Hi guys I'm trying to figure out how the web Btc-e token thing works. I have now btc btch and various wex tokens. Are they going to buy out my tokens? With what Bitcoin or Bitcoin cash? Or should o try to trade them the value is 60%?
Does anyone know what is happening to Bitcoin value right now?
I'm fairly new to the Bitcoin market, but dropping from $2800 to $2200 over 24 hours seems serious. Does anyone know why or if this drop will continue?
[uncensored-r/Bitcoin] What is happening right now is either (A) the biggest transfer of value in the history of the man...
The following post by rlindskog is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7iajjg The original post's content was as follows:
BitcoinCore shills have claimed for months that Bitcoin's high price was due to Segwit and dev team superiority. Now that the price is half of what it was, while fees remain high, lets see how many believe that their precious "Store of value" is working as intended. /r/btc
What is the best source for current bitcoin value in USD? I'm seeing people here say its over 14K right now but on bitcoinity it says 13.12K /r/Bitcoin
"Bitcoin Legacy, for all intents and purposes, is now impossible to trade. It has a transaction backlog approaching 200,000 txs of people _trying_ to sell, who _can't_. Also, markets have suspended trading. On a market, any market, what is the value of something you can't sell?"~Rick Falkvinge
+3500 Bitcoin already, the "Pink" candles represent BTC +BCH (which what actually Bitcoin holders can liquidate now to USD) it is the actual Bitcoin value!
We created a Bitcoin Price Calculator page, where you can see what price of Bitcoin was with Luno at any time in the past. So, there you have it. In a nutshell: if something is both useful and scarce, it will demand value and a price. Bitcoin is both useful and scarce, so it has a value and a price, determined by supply and demand. The value of bitcoin hit an all-time high of nearly $20,000 in December 2017. Less than a year later, however, its value has dropped to about $6,400, according to digital-currency website CoinDesk ... (The reward right now is 12.5 bitcoins.) As a result, the number of bitcoins in circulation will approach 21 million, but never hit it. ... it caused bitcoin's value to drop by an amount ... This was a huge vote of confidence in Bitcoin as a source of value, and a legitimate payment option and rapidly increased Bitcoin’s utility as individual consumers could now purchase popular items like Xbox consoles, Windows phones, and apps, with Bitcoin. About Bitcoin. Bitcoin price today is $11,339.72 USD with a 24-hour trading volume of $25,427,072,412 USD. Bitcoin is up 2.25% in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $209,932,984,601 USD.
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