Chinese New Year, Indian cryptocurrency ban, Wall Street futures - please put all that bullshit aside and listen.
In December, there was an UNPRECEDENTED influx of new people. Exchanges literally received more new users than during all the previous YEARS. If you monitored the situation during 2017 (or at least most of it), you know how exponential things got at the end of the year just by looking at deposit and withdrawal IDs. And, attention, none of those people actually wanted to USE crypto (i.e. buy things), they merely wanted to speculate on it. To invest and get rich. There was no way things could continue going smoothly. All those bubble stages, enthusiasm, greed, delusion, they resulted in the December culmination.
You might say, "but this is not mainstream adoption yet"! Yes, technically it isn't. But when you finally start hearing everyone say, "you can buy things with crypto", it's not quite the same thing as when then say today, "you can invest in crypto and get rich". It's the latter that drives the price up. It's the latter that makes you rich. When crypto gets really adopted, you won't be likely to see as many easy moon missions because it will be perceived as a utility tool like PayPal rather than a magic casino where you can actually win.
Lol people talked about bitcoin actually being used for transactions 2 or 3 years ago
These days, even the bitcoin core dev team acknowledges that the best use case for bitcoin is a settlement layer
Andrew Hill
That's because Core is fucking retarded.
Dylan Sanchez
Y is ln of Market cap X is days As long as this stays above 435 Billion I don't worry too much
Jacob Nguyen
Someone tell me what to do. I have 1.5 ETH, do I hold it or buy some alt coin
Adrian Butler
and what is that in $ value
Connor Myers
this meme line shit fits any correction when you zoom in/out
Hunter Gonzalez
Https://itsblockchain.com/india-not-banning-cryptocurrencies-stop-fud/ Biz stays stupid and stays poor. Idiots.
Josiah Gray
It's the flippening Bitcoin is losing share by the day
Gabriel Sanchez
yes in $ value The numbers on the right: 435M is supposed to be 435B (435,000,000,000) I just took the numbers from the source code of CMC and put them in a spreadsheet
Carter Clark
Hur dur just do what you want. People here are idiots blindly firing into the ocean.
Tyler Fisher
fixed some stuff if anyone cares
Jace Lopez
Its tax season you FUCKING RETARDS people are selling shit to pay their taxes
Liam Myers
Hold, eth is the only thing that's not tanking as hard as everything else
Cameron Moore
I have yet to meet one person in the crypto community who has said they're selling off their crypto to pay taxes.
Find another excuse
Charles Butler
Even my wife worked this out >hon its just down because its tax time >tfw your wife is smarter than half the kids on this board.
James Taylor
we are going down 435B for sure today, I will HOLD anyway but don't invent TA
Easton Collins
I had to, glad I did it December 31st instead of now though
Grayson Cook
It is. You cucks said the same thing in may and in september and here I am still 1000% up. You can fuck yourself with your memegraph.
Ian Rogers
I got out precisely on dec. 25th when my fucking layman-ass cousin who has done nothing but leech off his parents all his life talked to me in a condescending tone about btc like he just found out a gold mine
all I have left are around 8 eth and various alts
Isaac Hall
>using american taxes to justify the crash Yeah I'm sure the pajeets are selling their crypto to pay taxes to the american government.
adoption will literally be the end of crypto being a good investment. do people really think amazon or walmart are going to hodl your bitbeans for more than a few milliseconds? no they're going to have their bot market sell as soon as it hits their wallet
Ryder Gonzalez
>it will be perceived as a utility tool like PayPal That's why I went all in on XLM. Comfy as fuck
Josiah Green
talk is talk, but adoption does drive the price up and is what makes people rich. when the general public adopts nano for example, where will they get the coins to spend? they'll buy em you dumb fuck. do you honestly think 1. btc will be the one to get used "like paypal" 2. when that happens for whatever coin, no moon???
Justin Murphy
>selling crypto gains to pay income and property tax which means paying tax on your crypto >50% decrease because people are paying taxes No one who is paying more than $5000 in backed taxes also has their entire savings in crypto. Selling crypto to pay taxes is like selling your tires so you can fill your gas tank. You would have to sell at a huge loss while paying extra taxes because you sold your crypto for fiat.
Mason Fisher
>bitcoin core dev team Ah yes, the utterly incompetent dev team consisting of nu-males.
Luke Gray
u retard honestly think amazon will have something like a wallet >amazon bot on kucoin lmao u fucker, they will use an direct processor (if even) no one wants ur fantasytokens, they want real money (protipp: ur fuckcoins r no "money")
