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Supdawg   
9 minutes ago, Starkiller said:

Cryptocurrency isn’t actually scarce if it can be created overnight out of the digital ether. Or if it can be forked. 

 

Gold is actually scarce, thus it is seen as valuable. But even though it produces nothing, just like cryptocurrency, gold has actual real world uses. 

New gold is mined every day. Bitcoin very small has a finite supply. The amount of Bitcoin that is mined will go down over time and eventually stop somewhere around 2140. 

 

While forking has occured it doesn't change the supply of Bitcoin. Matter of fact, forking leads to inflation of the value of Bitcoin. Because to fork you have/hold/buy the base asset. It's possible that another coin could replace Bitcoin, but the entire crypto market is pegged to Bitcoin. I just can't imagine that ever changing. 

 

 

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3 hours ago, Supdawg said:

the entire crypto market is pegged to Bitcoin. I just can't imagine that ever changing. 

Therein lies my biggest disagreement with you about cryptos, you don't believe technology will ever advance great enough where people won't have a reason to jump the BTC ship to something so much more obvious and must-have

 

At some point the only thing that BTC will have going for it is the fact that people own it while being completely antiquated by everything around it in the digital world

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On 3/23/2019 at 9:42 PM, OILERMAN said:

Majority of bitcoin trading is a hoax, new study finds

 

https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html

 

New research is casting even more doubt on the legitimacy of bitcoin trading.

An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges.

 

The analysis showed that “substantially all of the volume” reported on 71 out of the 81 exchanges was wash trading, a term that describes a person simultaneously selling and buying the same stock, or bitcoin in this case, to create the appearance of activity in the market. In other words, it’s not real.

 

Those exchanges report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate.

 

“The idea that there’s fake volume has been rumored for a long time; we were just the first people to systematically look at which exchanges were delivering real volume,” Hougan told CNBC.

Reminder

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Supdawg   
On 4/6/2019 at 12:16 PM, Jamalisms said:

Reminder

Serious question. You keep bringing this up, so you must believe it's important. Can you explain why you believe this is some important revelation? 

 

No one literally gives a rats ass about wash trading on shitting small exchanges. It does not affect anything from a macro level. 

 

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Supdawg   

The more you talk the more I realize I you're just trolling since you can't add anything insightful to this discussion.

 

It's absolutely an emerging asset class with tons of institutional interest and money flowing into the space. In terms of the s-curve of adoption, we are still in the innovators stage, but clearly trending towards the early adoption phase. 

 

Lots of foolish people like you have laughed at early adoptors throughout history. I am absolutely confident cryptocurrency will continue to proliferate into mainstream adoption. 

Edited by Supdawg

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On 12/15/2018 at 2:58 PM, Titans_Win_Again said:

Anyone buying BTC at these levels will have doubled their money in two years.

 

Quote me

 

image.png.91a8307b2b8c6f447bfa60ce68b2a6a9.png

Posted December 15th 2018 -  Literally the exact day BTC price hit its low at just under $3150

 

Bitcoin traded at over $6300 today.

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1 hour ago, Titans_Win_Again said:

Posted December 15th 2018 -  Literally the exact day BTC price hit its low at just under $3150

 

Bitcoin traded at over $6300 today.

too early!!

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Supdawg   

I feel a strong smell of FOMO coming from the non-coiners very soon. This rally looks like it still has legs. It appears we just had a S/R flip at 6200 and should consolidate in that range before the next impulse up. I believe 7K is a reality in the next week. 

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8 hours ago, Supdawg said:

I feel a strong smell of FOMO coming from the non-coiners very soon. This rally looks like it still has legs. It appears we just had a S/R flip at 6200 and should consolidate in that range before the next impulse up. I believe 7K is a reality in the next week. 

This rally will continue a bit longer but I think a re test of 5800 will happen eventually.

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Supdawg   
On 5/10/2019 at 6:29 AM, Supdawg said:

I feel a strong smell of FOMO coming from the non-coiners very soon. This rally looks like it still has legs. It appears we just had a S/R flip at 6200 and should consolidate in that range before the next impulse up. I believe 7K is a reality in the next week. 

Wow, that escalated quickly. 7k... 

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Bitcoin has only gone up along with people pulling money out of the market as somewhere else they can invest in. There is nothing more intrinsically valuable about bitcoin today than there was a month ago...

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2 hours ago, Starkiller said:

Bitcoin has only gone up along with people pulling money out of the market as somewhere else they can invest in. There is nothing more intrinsically valuable about bitcoin today than there was a month ago...

First part true, and the narrative of Bitcoin as a non correlated asset will encourage people to include it as part of their portfolios for the sake of diversification.

 

Second part false, usage of the Bitcoin network continues to grow. Look at the charts of active wallets, # of transactions, average transaction volume, etc. This network has intrinsic value and owning Bitcoin is effectively investing in this network.

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Supdawg   
20 hours ago, Starkiller said:

Bitcoin has only gone up along with people pulling money out of the market as somewhere else they can invest in. There is nothing more intrinsically valuable about bitcoin today than there was a month ago...

And you still don't understand why it has value. LOL

 

There are 7.5 Billion people

There will only be 21 Million Bitcoin

MILLIONS have already been lost forever

 

Do the math. 

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