Is that there will be no huge bull run anytime soon. That can't happen without a long flat phase. Considering how big this pump was, the next flat phase (flat doens't mean that can double the price (I mean $8k to $10k - $10k to $5k - $5k to $12k - $12k to $18k - $18k to $15k - $15k to $25k - $25k - $20k etc.) but that will happen in months/semesters/years.
Don't tell me that now it's different, now there's a bigger adoption, in 2014 we had MtGox & shit because that's how the thing works.
If you think different you probably bought Bitcoin for the first time over $10k.
Matthew Long
>If you think different you probably bought Bitcoin for the first time over $10k. those are literally the only people still in crypto smart, early money left in december
Liam Parker
You're right, except there is enough money in the market now, both dumb & smart, to pump coins as they come out with REAL WORLD USES this year. DEX, DAPP's, DAA's, you name it. So many coins will moon-shoot while BTC is trading sideways.
Jordan Sanchez
WRONG
Lincoln Stewart
ok, but why does there HAVE to be a flat phase?
would crypto being thrust more into the financial awareness shorten the time?
maybe this is wrong, but i think that this is too bog a scheme to be left alone by the powers that be. powerful entities at the very least WILL pump and dump to make money.
Parker Richardson
Fuck off pajeet no1s buying ur shitcoin for you to dump on them
Lucas Lee
====________________________________====
Liam Cruz
The same reason the meme chart works for all bubbles: it's the way it is. Sorry.
John Stewart
Shhhhhhhh don't tell them, just watch
Jacob Evans
Bitcoin isn't even near dotcom levels yet, it'll happen but not for another 3-5 years
Bentley Carter
so If you wait long enough you would still double your money. meaning it is still a good investment. Maybe not as good as it used to be. But it still is.
Joshua Adams
we'll be in a downtrend for a year, the next major uptrend is going to be starting in years. could obviously start summer of 2019 but could be until 2020/2021
Justin Rodriguez
first sell off
Adrian Scott
Seeing how many of you retards try to convince people of this is the clearest bullish indicator. Go suck a dick, fag.
Joseph Perez
Amazon retraced by 95% and didn't approach its dotcom bubble high for several years. Why would a coin mainly used for shitty ponzi games act differently?
Charles Phillips
>sell already goys! I bet you went to an ivy league shill school for that sweet rhetoric tricks lol
Owen Lewis
Who are these strangely familiar men? Astronauts?
Oliver Adams
what u dumb fuckers dont get is that this aint your typical investment and we aint even started yet. this shits about to go to 5 trillion and all u faggots will be washing your dirty pussies talking about muh TA.
Easton Harris
Blockstream is unironically worse than mtgox. Mtgox was a single exchange that happened to allow trade in BTC that was incompetently managed and secured and as a consequence put the market in bear mode for three years. At no stage during or after said crash was there actually a problem with the underlying bitcoin itself. Now there are hundreds of exchanges, at least some of which are high quality, but the actual core product itself is now broken and sabotaged courtesy of blockstream. People are not yet accepting the simple reality of this, but it's indisputable, just look at the transaction volumes, all the topological outlays in lightning matching exactly what the people who warned it would be hub and spoke or nothing said, and that it still doesn't even actually work, the devs themselves are losing money on it. There's no way to know how long it will take until it succeeds in turning bitcoin into a shitty PayPal rip-off, but bitcoin as it was under the label it had with the majority of awareness and attention is dead. The only hope for the market is the other cryptos. And I sincerely fucking hope you all remember this happening and the horde of shills and clueless useful idiots that cheered the death of the product, so next time a similar thing happens you're not idiotically standing around saying "but everyone seems to think it's such a great idea and the only problem is that small group of holdouts that won't play ball, everything is awesome and they just need to fall in line!"
Jaxon Morgan
Idiota. Wait until April 2.
Josiah Baker
Why?
Kayden Thompson
>why is Amazon, a fucking internet company, any different than a revolutionary technology?
Blake Lewis
It's really only a matter of time before BCH takes Bitcon's place as the rightful Bitcoin, along side ETH as pillars in the world of crypto currency.
Alexander Davis
>comparing mt gox to today
Carson Nelson
April fool's joke. There's a larp going around that began after the january crash that states tens of billions will magically flood in in march and be revealed on April 2.
Michael Jenkins
>it mountain gockz!!
Ethan Reyes
hundreds, not tens.
Noah Martin
dotcom boom seems wrong tho. dont we stiill have amazon and ebay and yahoo and facebook and all kinds of other dotcoms? i am just typin now to wait for the captha...tulips r tulips. blockchain is new tech and here to stay.
Jose Diaz
>MOUNTIN GOCKZ!!!!!!!
Evan Jones
Lol thanks
Colton Long
So what's it going to take to buck the trend and set the bull market back up? New blockchain implementations? TV interviews with crypto millionaires? How does the hype come back? I agree that the market has more norman participation with smart and dumb money. How does hype come back without things being quiet for a long while?
Oliver Adams
i think only amazon and yahoo were public during the dotcom boom(?)
but bitcoin/eth has nothing to do with the dotcom boom. not even as much as amazon or yahoo had to do with it. nothing.
only the rest of the coins can be compared to that, at best
Robert Wright
That'd be nice user. Come sit with me by the fire. We'll whisper of the dream and sip hot cocoa. We'll show them a world without administrators. A world where they're free, with all the horror and beauty that implies. Past the drama and the politics, past the shilling and the obfuscating, on the other side where everything just works, and it got there because of we few who did not fall for the ruse when the time was critical.
And so now we can be comfy.
Jack Butler
Oh yeah, where’s it at now then? Short vol futures contracts?
Hudson Smith
To all you high and mighty faggots parading their technical analysis and condescendingly claiming to know that the bear market is here to stay for months, why are you so stupid? Do you actually think crypto just exists in your charts and not in the real world, and that adoption isn't happening as we speak? Do you think adoption isn't going to drive prices up? In what universe does it make sense for a new technology to enter use with thousands if not millions of transactions daily yet its value will remain obscenely low? Do you not see that as this happens alts will finally decouple from BTC and realise their true worth? How are you so stupid, dwelling in your pathetic world of charts and numbers that you are blind to the context it all exists in? If you're purely talking about BTC I'll give you a pass, but if that's the case nobody cares.
Gabriel Rivera
Quite is fine. No one with half a brain is in any hurry for this shit to blow up, because we all know it will eventually blow up.
But to answer your question, might I refer you to this thread here: I don't know about your delusions, all I know is the world will go on, and crypto will be a part of it, unless there is some major world wide colapse, which frankly isn't entirely out of the realm of possibility. But holding some crypto at this point, is a smart move.
Robert White
Zoom out
Levi Hernandez
Nice work!
Benjamin Wood
Interesting viewpoint user, thanks for sharing.
Isaac Nelson
Do none of you fucking autists understand the log scale? Holy fuck this board has tTRULY gone to absolute hell
>the absolute fucking state of Veeky Forums
Isaiah Mitchell
If I'm deluded, you are too, as we seem to agree exactly. I realise in retrospect my earnestness may have come across as sarcasm. But that was not my intention at all. I'm entirely serious. If crypto survives it will be because there were those that resisted the attack on btc and prevailed in the end, because to them the truth is more complicated than what people around them are shouting the loudest.
Ryder Watson
i agree bitcoin is going nowhere but who the hell still buys bitcoin? it's 2018 if your coin doesn't have smart contracts what the fuck are you doing?
Sebastian James
Look at the difference in time between the first and second bull runs. Now use your little pea brain to go on Google and learn what log scale means and don't come back until then
Zachary Garcia
I'm deluded, but you need to be stoic to survive games like this.
Anyway, remember that BCH is the true bitcoin. If you're holding bags, don't be caught with the wrong one.
Matthew Collins
Threads like these remind me things are different and i need to get the f5ck back in faster.. wow bears already desperate
In the past there was no vechain
Lincoln Lee
real world adoption. there are a lot of blockchain projects going live in the next few months that will disrupt industries and be used by millions whether they know it or not. i'm talking about the projects where blockchain/smart contracts actually improve upon existing solutions, not pajeet bullshit like deepbrain chain that just shove blockchain onto random shit for no reason and steal dumb kids money
Mason Wright
Hmm...what projects do you recommend?
Aiden Garcia
stoicism is the only really comfy position, nobody can steal your comfy when anything they do you face with stoicism. We're even holding the same bag.
Charles Barnes
Yes this is what changes crypto world.
Dylan Cook
Would you say RLC, LINK, ENG are good projects that can disrupt industries?
Owen Cruz
>takes 20 minutes to one hour for a single transaction to get through >this technology is so revolutionary gaiz! You people are delusional. I have nothing against technology or the reform of our financial institutions but you retards take it to another level. Bitcoin is nothing more than a speculative vehicle at present, which would be rendered useless anyway when quantum computing becomes powerful enough to crack every encryption done by conventional computers.
Mason Hernandez
Saying it like by that time there won't of been updates to protect against it.
The state of nocoiners
Samuel Gomez
Coiners masking as nocoiners, the worse, coz they just greedy fucks with no ethics
Owen Price
the reason there were flat phases was because there was essentially nothing meaningful going on
that's not the case anymore, 2018-2019 are the year for crypto, we're going to see tons of altcoins unveiling their working products/apps in accordance with their whitepapers/roadmaps, plenty of coins are going to moon/crash, it's going to be a volatile year, and obviously BTC is going to go along with whatever kind of ride we're in for
Lincoln Clark
Current coins are designed solely for conventional computers. By the time quantum computers become powerful enough, current coins will be rendered useless replaced by something else. Tough luck holding bitcoin when it gets replaced by quantum bitcoin v.1 or something.
Also what are you a child? In your mind, you automatically think everyone who sees the cons of current crypto technology is a "nocoiner". I see the promise of crypto, but only if computers get fast enough. You think people are going to adopt technology that takes 20 minutes at minimum at best to make a transaction? ATM's, debit/credit cards, checks, paper, hell anything you can hold in your hand take literally seconds to finish. Like I said, you are a delusional motherfucker if you think that is "revolutionary".
Tyler Wood
>smart, early money left in december
damn. I guess I better sell all my coins then.
Cooper Moore
We aren't only talking about bitcoin in this thread. Xlm. Ltc. Eth and plenty more all have near instant transaction speeds. The only time it takes a while for me is when sending from an exchange and thsts due to exchange issues not coin issues.
I don't even have btc except mining profits.
Lincoln Davis
can someone please reassure me that this isn't true?
Anthony Rogers
Who knows. Maybe we sideways now.
But OP is def wrong about one thing:
Shit is different now. The meteoric rise of bitcoin this year caused a marketcap beyond anything the outside world expected of crypto. And now it has the open attention of finance and government.
Jaxson Davis
Yeah, things are definitely different in 2018, and I know no one can predict what's going to happen. I just really really do not want a year long sideways market
Nathaniel Johnson
Bitcoin start to recover and biz Say It Will drop... Time to buy i guess
Daniel King
Wrong
Noah Wilson
> time periods with barely any tokens coming out with real world /app infrastructure uses will follow the exact same trend as a period with hundreds of tokens now demonstrating real world uses
Wow how could anyone fault this flawless logic.
Aiden Carter
Yeah but what about le penis man eating his dick? You reckon he's gonna eat dick? Le penis man? Eating dick? You think? What you think? About penis man.
Thomas Butler
OP, you are forgetting the April 2013 to December 2013 interlude. Our current situation reminds me of that more than anything. Plus, all the new coins that ICO'd recently will be bringing out products in the coming months and people FOMO in, this shit can bubble again before the end of the year.
Levi Taylor
We get it, you have a short position.
Matthew Allen
>quantum computers will break bitcoin
This is incorrect -- the core technology of bitcoin is actually the SHA256 and RIPEMD160 hash functions, which are unaffected by quantum computing.
In the future, if there are fears about quantum computers being strong enough to crack elliptic curves, then all the bitcoin developers need to do is add a new type of 'CHECKSIG' opcode for a stronger signature algorithm. At that point everyone just has to move their bitcoins to the new "strong addresses".
Note also that all addresses in use right now have the public key hidden behind a hash function, and the public key is only revealed at transaction time. Provided that it takes at least an hour for the quantum computer to crack an EC key, you have enough time to sign a transaction and get it confirmed. (Another reason to not re-use addresses!)
Bentley Walker
If quantum computing is able to crack every encryption, also banks and military could be hacked. It's not coming anytime soon.
Kayden King
PROOF OP IS WRONG
David Hall
It unironically blows me away the mental gymnastics people take defending Core and Blockstreams tactics OF LITERALLY BLOCKING THE STREAM OF TRANSACTIONS. It's maddening and reminiscent of Trump in the early days of the campaign and the literal mind control over people the malicious party had over them. Many of them are new to this shit and just have no idea how it used to be before 2013.
I keep hearing: "Bitcoin is safer and more decentralized than all of the other coins because of the high fees! This is good I can't use it" "Lightning is more secure! You can't double spend or spam the network!" "Store of value store of value store of value"
When BTC hits $5k and doesn't recover from there, and the rest of the industry moves on with smart contracts and a decentralized web, then, then they'll see what a load of bullshit Lightning and Segwit are. But until then, they'll be in complete denial like Bernie supporters until they are fucked in the ass and left behind.
Anthony Clark
Are banks or credit cards decentralized? The revolutionary thing about crypto is that you don't have to rely on a bank that could freeze your account. Have you ever made a payment to another country? The fees can be really high. With crypto we now have a decentralized global system to transfer value. Decentralization has drawbacks, transactions must be confirmed on the blockchain and that's not instant. But there are solutions like sharding, LN or 0 conf transactions. Crypto will be used to buy stuff in your local store in some years, I'm sure.
Isaac Martin
then sell everything and stop shitposting, (((shill))). we hate you just as much as you hate us, subhuman.
David Stewart
You don't have to HODDDLLEMEME. Just trade. There are times when you short, and times when you long.
Adam Ramirez
>smart, early money left in december This is partially true. Smart money left to BCH. We're still here, just not on the BTC bandwagon.
Nolan Brown
omg... with that volatility you have to put your charts in LOG to see something.
Do it and you'll understand the next moove.
that's TA 101 btw.
Ian Scott
The big question is, why are people still debating this? BCH might flip BTC but if not its only a matter of time before something else does. EOY either BCH or another coin will have flipped BTC.
BTC core fucks, you guys lost. Its over and its BEEN OVER. The only people who still buy BTC do it while crying themselves to sleep jacking their dicks off to pictures of sports cars. You are a bunch of morons that are equally as delusional as SJWs on a good day. On a bad day I cant tell if you are fucking flat earthers or or tide pide eaters.
The only reason BTC goes up in value is something called washtrading. Bots are currently tethering your shitcoin to other coins that actually do get action. Its all smoke and mirrors and its easy as fuck to see it. NOBODY is actually buying Bitcoin to HODL anymore. YOUR SHIT IS FUCKING DEAD.
Colton James
no bitcoin cash 130$ EOY don't tell me I didn't warn you
Nathan Martinez
>t. bought first time in 2017 Almost all of the true early adopters I know are still in crypto, and have no plans to go back to fiat
Jordan Long
Go away Roger
Sebastian Butler
Maybe. Fact is BTC wont be #1
Ethan Phillips
I HAVE TO WAIT 3 YEARS FOR THIS? FUUUUUUUUUUUUUU
Liam Ross
smart user gets it.
Ian Sullivan
Truth. Less than 1% of people are in it. That's far from a bubble.
Tyler Morris
This. IT IS LITERALLY IN THE NAME OF THE COMPANY. BLOCK THE STREAM
From everything I have seen in crypto, the one thing that surprises me even more than the insane valuations of shit like ripple or tron, is the stupidity of core supporters. I am done with both of them, there is no reason why eth with omg and plasma should not be king by EOY
Robert Wilson
Can I get a quick rundown on these strange astronauts?
Jaxson Campbell
Well I got into ETH when it was about $2 and I'm still holding. In fact I'm still accumulating.
Some have caused out obviously, otherwise there would be none in circulation, but most early adopters are still holding.