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Wow. Bitcoin is almost $1,500

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Yeah... having a diversified cryptocurrency portfolio doesn't really seem to help. When Bitcoin goes down, they ALL go down with it by roughly the same amount:

1624035249041.png
 
ultimatebob said:
Yeah... having a diversified cryptocurrency portfolio doesn't really seem to help. When Bitcoin goes down, they ALL go down with it by roughly the same amount:

View attachment 45934
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Yeah, the entire market his been down 30-40% for a month. Elon calling crypto a hustle on TV didn't help things. Sick of people on Reddit saying "It's on sale!" When something is down 40% and it dips to 45%, it's not a sale, IT'S WORSE.
 
Coinbase will soon be offering 4% APY on any balance of USDC.

That’s a garbage return compared to other CeFi options, but I suppose it’s less risky…I guess.
 
Whoa, Bitcoin creeping slowly downwards towards $30,000 USD. C'mon man, wake up! Is this some sort of slowly-creeping bear market? I thought that this was supposed to just be a "dip". Not that I'm invested.
 
VirtualLarry said:
Whoa, Bitcoin creeping slowly downwards towards $30,000 USD. C'mon man, wake up! Is this some sort of slowly-creeping bear market? I thought that this was supposed to just be a "dip". Not that I'm invested.
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So, you're not this guy right now?

image
 
Red Squirrel said:
Should I buy now or wait until it goes to $1,500? 😛
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If you really want to buy BTC, I would wait 'til $12-$14k or so. You might not hit the bottom but that should be close to it. What's unclear is how many times BTC will rebound. Eventually someone is going to wake up and realize that BTC isn't really good for anything, even by blockchain tech standards. It's too slow and cumbersome. But it continues to trade well based on name recognition and sheer inertia. Ethereum fans have been waiting for "the flippening" for ages, and it hasn't happened yet.
 
Repeat after me - use case, use case, use case. This is the ONLY thing that matters because it is the only thing that will create demand for any type of currency - crypto or otherwise.

Now if someone ever comes up with a truly untraceable coin, I'll revise that but as best as I can tell, the only way to make a blockchain coin untraceable is to send it through a couple mixers.
 
Charmonium said:
Now if someone ever comes up with a truly untraceable coin, I'll revise that but as best as I can tell, the only way to make a blockchain coin untraceable is to send it through a couple mixers.
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XMR is very good at being untraceable. But if you buy XMR on an exchange, they can trace that. If you mine it out, they can't (necessarily).
 
The only reason BTC jumped the way it did was the legalization of crytpto ETFs in the US market. With just a handful of exceptions, there is no use case that justifies the recent runup . . . or any of the previous runups for that matter.

There IS a future for the block chain fintech but BTC isn't it.
 
Charmonium said:
The only reason BTC jumped the way it did was the legalization of crytpto ETFs in the US market. With just a handful of exceptions, there is no use case that justifies the recent runup . . . or any of the previous runups for that matter.

There IS a future for the block chain fintech but BTC isn't it.
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ETF inflows haven't stopped. That alone will continue to drive BTC price action.
 
Interesting, blast from the past thread. Btc going back over $70k, to the moon! But, one of my new favorites is BONK, lol.
 
Charmonium said:
The only reason BTC jumped the way it did was the legalization of crytpto ETFs in the US market. With just a handful of exceptions, there is no use case that justifies the recent runup . . . or any of the previous runups for that matter.

There IS a future for the block chain fintech but BTC isn't it.
Click to expand...
Well except a recent reduction in the block reward by half.
 
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