The Bitcoin Thread

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Archer said:
Lol, if that's true then surely people must also realise the EPIC bubble being formed. Price is basically being propped up by these "free" coins coming out the whole time
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some more derivatives being made available next week I heard, perhaps that will bring in the shorts in bigger volumes
 
Archer said:
It's so interesting, at the moment BTC can't be a store of value (too volatile) or a currency (transaction times and fees are too dam high) and yet it manages to break barrier after barrier, and even create huge disparities between major exchanges. All while there are a handful of alts that do literally everything better.
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I think it's more about what it represents. It's the most visible flagship coin of the first new way of completing transactions in thousands of years of civilisation, and we're seeing an insanely exponential adoption curve. That's the big picture that people see in it, whether it's entirely true or not. It is correct BTC is not technically ready for that purpose, but it's not a static technology, it will evolve. Probably it will eventually fork into something more suitable, or another alt coin will gain ascendancy. And yes, it's probably a bubble right now.
 
Archer said:
Lol, if that's true then surely people must also realise the EPIC bubble being formed. Price is basically being propped up by these "free" coins coming out the whole time
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My ledger nano is only arriving in Jan since I'm travelling until then so not keen for a software wallet until I'm back home. I'm guessing I won't see any free coins if my BTC is kept in a luno wallet.
 
Noob comment sorry if it's stupid.
With the price going like it's going, I wonder how many people actually use BTC as a currency to buy and sell vs just speculating with it at this point.
 
I have been following luno and gdax quite closely. They react in the same way with a slight delay on luno order book.
 
garp said:
Regardless of whether BTC is a bubble how would a fork prop up it's price? If anything it should detract from it.
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In a perfect world the price goes up (since it needs to include the value of the original plus the predicted value of the alt), thereafter the value of the alt is taken away from the original. But for BTC the rules are made up and the prices don't matter, it just goes up up up :p
 
Voicy said:
My ledger nano is only arriving in Jan since I'm travelling until then so not keen for a software wallet until I'm back home. I'm guessing I won't see any free coins if my BTC is kept in a luno wallet.
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There are plenty of android wallets out there that imo serve the purpose just fine
 
bigboy529 said:
Noob comment sorry if it's stupid.
With the price going like it's going, I wonder how many people actually use BTC as a currency to buy and sell vs just speculating with it at this point.
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not as much as when Steam accepted Bitcoin as payment
 
HunterNW said:
Opinions about the price today ? Doubt it will get close to 250K.
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Doubt it unless it gets to around $17000. People are getting reluctant to buy too high with all the big dips. Those walls have also built up after all the dips.

I'm also being very cautious. I'd rather miss out on a R5k rise than buy in and the price drops by R20k half an hour later.
 
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