Quantum fears: https://news.ycombinator.com/item?id=48375692
Are there other cryptocurrencies that use quantum safe cryptography that aren't being affected by the downswing?
Bitcoin Has Longest Losing Streak Since August in Bruising Week
21–30 of 105 posts
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#22I've been buying the dip all week
Catch that falling knife
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#23My own personal opinion is that the hype around bitcoin is not coming back. I dont think its going to zero, but too many people have just moved on.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#24Earlier quoted context omitted.
Contrived. Your imaginary dog can’t teleport value across the globe instantly, but Bitcoin can.
Value can only teleport if someone is willing to trade traditional currency in exchange on the other side. My no international fee bank account also teleports value across the globe instantly and more merchants are willing to accept it than Bitcoin.
Telll it to my friend who was escaping a country under sanctions and had to move his money elsewhere. His bank didn't have that miraculous power, but Bitcoin did.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#25I like to tell people I have an imaginary dog. It fits my needs perfectly except for one critical issue --- it won't clean up food dropped on the floor. Bitcoin is imaginary money. It works perfectly except for one critical issue --- it's not very good for purchasing stuff. Bitcoin has about the same value as my imaginary dog.
I use bitcoin to pay for things several times a month, works fine for me.
I use USD to pay for things several times a day. Sometimes many times a day. Something that in comparison works only "several times a month" fits the criteria of not being very good at it.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#26Earlier quoted context omitted.
Contrived. Your imaginary dog can’t teleport value across the globe instantly, but Bitcoin can.
> Your imaginary dog can’t teleport value across the globe instantly, but Bitcoin can. "Someone can instantly and permanently steal your beloved dog and you'll never see it again" is a downside.
The fact that people have instantly and permanently stolen Bitcoin renders that argument moot.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#27People will FUD. After the cycle is over, Bitcoin will make new ATH and the people who bought the dip will be called lucky. Same old tale
> Same old tale
I have sweatshirts that are older than Bitcoin, brother.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#28Earlier quoted context omitted.
Value can only teleport if someone is willing to trade traditional currency in exchange on the other side. My no international fee bank account also teleports value across the globe instantly and more merchants are willing to accept it than Bitcoin.
Telll it to my friend who was escaping a country under sanctions and had to move his money elsewhere. His bank didn't have that miraculous power, but Bitcoin did.
Yes, I agree. Bitcoin is great for crime.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#29Earlier quoted context omitted.
or maybe they sont need an alternate criminal coin if you can now do fraud and crime in dollars with less transaction (bribe) cost.
Another idea is big players pulling out of the crypto market and putting it into the LLM market.
Yeah, all it takes is a shift in the narrative to trigger capital reallocation.
Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week
#30We are in the middle of every 4 year hole at the moment. Heights and lows are unpredictable but the timing is still solid.