91–100 of 179 posts
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People have such short memories... Was 2018 really that long ago... Even back then there was a tonne of MSM coverage.
When was long term memory ever a thing for people. People have completely forgotten about invading an entire country finding no WMDs and the recent Afghanistan debacle.
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There are always archive links. It’s a good idea to read the whole article before condemning it. https://archive.ph/4x3je > “… The trouble is that a draconian crackdown would put at risk the benefits that crypto eventually promises, including new financial products that bypass stodgy banks; innovations in property rights; and the possibility of a less centralised financial system.”
Bit OT, a further good idea will be to buy the subscription and support good journalism. I am not being flippant, I believe good journalism needs support.
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Out of interest, do you set explicit targets like "if it gets to X I will sell"? Just wondering as I'd have thought a "peak" is only evident in retrospect?
I’m extremely bad at trading, but it didn’t stop me from achieving amazing returns. Just an example last year I had a target of $150k when it was at $50k, and also (like most people) I got a BTC based loan (it made sense for tax purposes as well). The problem was that everybody was doing it, and professional traders probably used those loans to short the market and trigger margin calls. I had multiple margin calls as…
That doesn't sound like a good idea in the middle of a bull run and everyone being in profit on Bitcoin when it was at $50K last year or even $69K. I have a different strategy - taking profits and taking advantage of the hype.
It's better to get in when the market crashes so that you can buy it significantly lower, (Like say Hence being against anyone jumping in at >$60K last year [0] and warning another person about DOGE going all the way up and bag-holding it at $0.6; thinking that it will go to $1 by August. [0]
Anyways, Good luck with your strategy.
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Ligthning is an alternative to Bitcoin, not a fix for it. It has a different security model (much much much weaker), it uses entirely different technology, it is essentially centralized. The fact that it uses Bitcoin on the back end is mostly a detail of Lightning.
There is literally not a single thing true in this comment. I would advise you seriously revaluate where you are getting your (mis)information from. Lightning is a way of using bitcoin. A way of cooperatively creating bitcoin transactions with multiple parties, in such a way that you can minimize the number of on-chain transactions required. It is bitcoin. It has the same security model as bitcoin. It uses the same t…
Tether truthing the eminent doom of tether is all well and good but why aren't we talking more about YCombinator promoting startups that burned their customer's money by sending it to anchor protocol UST ponzinomics while lying that those investments were held in USDC and USD? https://twitter.com/fatmanterra/status/1527153694218797058 https://www.ycombinator.com/companies/stablegains Or is it bad to talk about such t…
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Bit OT, a further good idea will be to buy the subscription and support good journalism. I am not being flippant, I believe good journalism needs support.
How can one make the judgement that the journalism is good when one cannot read the articles as they are behind paywalls?
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So, past trends are the basis of this advice? Not trying to be snarky, just genuinely interested in why we would expect it to climb again.
The thinking behind it is based on the halving of rewards and the stock to flow model. https://bitblogger.org/demystifying-bitcoins-remarkably-accu... If you follow that reason then it's rational that there are crashes after peaks (cashing out), and it's still rational that it will keep rising to a point that it reaches its true value (whatever that is). The peaks and troughs will flatten out as that happens. Could w…
Don't ignore the possibility that its "true value" is (or becomes) zero.