Bitcoin @ 7k and dropping bad...

[Auctionking]

I think he's at waffle house stiffing the waitress right now lol

[slokor]

Either that or spending quality time with his dwarf hooker (Empirestate?)...

[H4ck]

Originally Posted by slokor

Either that or spending quality time with his dwarf hooker (Empirestate?)...

dont hate the player, hate the game.

[slokor]

Just had to thank you for that one. Always wondered hat Empirestate looked like lol

[rsot]

Hilarious

[GreenBean]

Lot of fun indeed.

[xenix]

HOLD

It will raise again

[ebaystealth1974]

I feel sorry for anyone who bought when it was headed up to the high point. :( Quick way to lose half your money!

[Auctionking]

Starting to see a separation in bitcoin vs. Alt coins coronation. That's good

[slokor]

Originally Posted by Auctionking

Starting to see a separation in bitcoin vs. Alt coins coronation. That's good

Yep Bitcoin has gained more than 12% in overall market share over the last 3 months.
That's a GOOD thing for those of us invested in it.

[Auctionking]

Lol one way of looking at it

[H4ck]

Originally Posted by slokor

Yep Bitcoin has gained more than 12% in overall market share over the last 3 months.
That's a GOOD thing for those of us invested in it.

All I have to say is.........someone clearly needs professional help........and its not me.....

[slokor]

Originally Posted by jarsky541

All I have to say is.........someone clearly needs professional help........and its not me.....

Dude the help you get for you dwarf hooker is none of our business... keep your private life to yourself.

[Auctionking]

Dumbass .

[slapped]

With all this talk surrounding Tariffs and Trade wars you would think that this type of news would help cryptocurrency prices, but the opposite is happening

[yankee]

That is because you really cant use any of this stuff right now without costing you a significant percentage. Until you can actually use it for a 2-3% fee, it will just be a commodity like a bar of silver and by the way, you can sell silver much easier and for less of a fee than BTC. Sometimes at a premium.

[rsot]

Originally Posted by yankee

That is because you really cant use any of this stuff right now without costing you a significant percentage. Until you can actually use it for a 2-3% fee, it will just be a commodity like a bar of silver and by the way, you can sell silver much easier and for less of a fee than BTC. Sometimes at a premium.

The ones who charge the significant percentage are making money - that's the golden ticket

[Canadianleaf]

Was gonna unload some XMR this morning but I awoke to this:



Hoping for a reasonable rebound - Bogdanoff bros have been dumping hard...

[Canadianleaf]

https://www.youtube.com/watch?v=KV5QlSgq7lg

https://www.youtube.com/watch?v=KV5QlSgq7lg

[slapped]

Originally Posted by yankee

That is because you really cant use any of this stuff right now without costing you a significant percentage. Until you can actually use it for a 2-3% fee, it will just be a commodity like a bar of silver and by the way, you can sell silver much easier and for less of a fee than BTC. Sometimes at a premium.

You do have a point with the fees. I see Bitcoin as the "Napster" of cryptocurrency the idea is correct but there are MANY issues that need to be addressed before there is the REAL possibility of going mainstream. Fees is only 1 of them, the speed of transactions is another, working with Banks, Goverments, and much more.

This is one of the reasons that I was a more of a fan of Ripple than any other cryptocurrency , Ripple addresses a lot of these issues, but even Ripple has a LONG way to go (Maybe YEARS) before any cryptocurrency becomes common place, you can bet your life that at some point in the future their is going to be a global cryptocurrency standard which ALL cryptocurrency must meet, or maybe only 1 cryptocurrency approved for use worldwide.

If that is indeed the case the only real question is which one? I am completely convinced that it will NOT be Bitcoin.

[elmo]

I'm no expert and I could totally be wrong here but what gives value/security to cryptos are the miners / network.

Bitcoin has 8 years running and millions (billions?) in mining infrastructure which makes it by far the most secure crytpo network on the market.

No other crypto compares to this except for maybe Ethereum, which is only a few years old.

As far as scaling, I'm pretty sure the best crypto developers, or at least the majority of the best crypto developers are already working on 2nd layer scaling solutions for Bitcoin. Lightning network apps are coming out today at a pretty high rate which is pretty surprising considering most people thought lightning wasn't coming out for 1-2+ years. I'm pretty sure you can download a LN wallet today and do your first LN transaction within the hour.

You'll be able to send money instantly, nearly free, all on the most secure crypto network available. Scaling on a 2nd layer being similar to how the internet started scaling in the early years.

I could be wrong here but I'm pretty sure any other alt/crypto that has some revolutionary tech upgrade can always be added to the Bitcoin protocol via softfork if consensus agrees its beneficial. Because of that, it seems risky to hold any crypto except for Bitcoin.

With all that said, assuming the majority of what I said was true (I could totally be wrong), I do not see Bitcoin going anywhere and I don't see any other crypto taking its place.

[slapped]

Here is the thing,,,Money, no matter what country or currency flows thru Banks whether you like it or not. It is the TOTAL amount of money that flows from banks into cryptocurrencies that give Bitcoin and the rest "Value". As cryptocurrency become more widely accepted and used in common transactions more money will flow from traditional banks into the cryptocurrency markets increasing their value, that's the traditional thinking.

The problem is that most cryptocurrencies have positioned themselves as "Alternative Money" and by doing so its clear that they wish to establish and appeal to people who want conduct anonymous transactions outside the established worldwide banking system, that very Banking system along with Governments will NEVER allow that to happen.

Don't forget that in order to fund ANY cryptocurrency the original money MUST come from some bank SOMEWHERE on the planet. Now consider that there are only 5 Banks Worldwide that transfer Money from country to country, how hard do you think that it would be to for them to control the money going into the cryptocurrency markets?

This is why I keep going back to Ripple. Ripple was created by the World Bank to begin with. It has positioned itself as a payments PROCESSOR NOT as an alternative currency it is already slated to be used by 3 of the 5 Money transfer banks to transfer funds worldwide beginning this year, they will most likely strike a deal with Goldman Sachs sometime this year, these are SIGNIFICANT developments. Ripples positions itself that its value comes from the fact that it can convert ANY currency to Ripple send it ANYWHERE on and OFF the planet and convert it back to any currency completely securely using blockchain technology in SECONDS nearly without cost.

https://www.coindesk.com/ripple-clai...irms-xrp-2018/

I just want to point out that a LOT of people are going to lose a LOT of money if they refuse to arm themselves with all of the information out there.

http://fortune.com/2018/02/13/ripple...-garlinghouse/

There is a legitimate reason why Ripple has seen its market share grow to being the 3rd largest cryptocurrency, be VERY careful with Bitcoin, It has some extremely powerful forces working against it. If Banks and Governments were HALF as supportive of Bitcoin as they are with Ripple, Bitcoin would be $50,000 or MORE per coin by now.

https://www.coindesk.com/saudi-centr...payments-tech/

That last article is HUGE, Imagine trading oil in RIPPLE and NOT Dollars