1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

Cobalt Sire

Cobalt Sire

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There was a years long bear market after the crash in early 2018. If you look at the charts for bitcoin, it shot up huge after mid 2020. That's when everybody got their unemployment, stimulus, ppp, eidl, all that shyt. If you were savvy, you knew a lot of people were going to take that money and invest in cryptocurrencies, among other things. The stock market boomed around that time as well (mid 2020 to late 2021). Today, June 2022, a lot of people are down big, and there's no once in a lifetime government money on the horizon. I predict a years long bear market, possibly permanent, unless we have another shutdown with stimulus, or we have a 2017 style run up. The conditions for a 2017 run up were perfect. Most people didn't know about bitcoin, and many still believed it was going to change the world of money, plus tether was printing like crazy. I keep missing once in a lifetime money plays lol.
 
Cakebatter

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I expect BTC to drop to $15k, but I wasn't expecting things to drop this fast, this soon. The entire economy is down and not recovering anytime soon, so it's not looking good for BTC and crypto short term.
 
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5010 said:
Bitcoin will be fine. Some of these alts will recover, too, but there's only one sure bet in crypto right now.
Click to expand...

the point is that there was "one sure bet in search right now" until google came along.

there was "one sure bet in social media right now" until facebook came along.

etc

that is how tech always is ... something new and better eventually comes along.

it might be different if bitcoin actually worked but it doesn't and cannot scale, so the window is right there waiting for some other project/person to solve it.
 
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BornStar

BornStar

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the cool said:
Lmao this aged horribly in just 4 hours. BTC at 17k rn
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Only 2k away I ain't mad at it. Now if it goes to 12k then it aged like bananas on a dash board.

Edit: it's back to 19k in less than a couple of hours. I assume hardly anyone bought at 17.5k .. 19k will be a great buy looking back 2 years from now :childplease:
 
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BornStar

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Cobalt Sire said:
There was a years long bear market after the crash in early 2018. If you look at the charts for bitcoin, it shot up huge after mid 2020. That's when everybody got their unemployment, stimulus, ppp, eidl, all that shyt. If you were savvy, you knew a lot of people were going to take that money and invest in cryptocurrencies, among other things. The stock market boomed around that time as well (mid 2020 to late 2021). Today, June 2022, a lot of people are down big, and there's no once in a lifetime government money on the horizon. I predict a years long bear market, possibly permanent, unless we have another shutdown with stimulus, or we have a 2017 style run up. The conditions for a 2017 run up were perfect. Most people didn't know about bitcoin, and many still believed it was going to change the world of money, plus tether was printing like crazy. I keep missing once in a lifetime money plays lol.
Click to expand...

So you are saying btc got koed is what you're saying :mannytkfo:
 
JJ Lions

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brehsimilitude said:
the point is that there was "one sure bet in search right now" until google came along.

there was "one sure bet in social media right now" until facebook came along.

etc

that is how tech always is ... something new and better eventually comes along.

it might be different if bitcoin actually worked but it doesn't and cannot scale, so the window is right there waiting for some other project/person to solve it.
Click to expand...
Isn't that BSV. One account I follow always hating on Bitcoin but pumps XRP, which is doing worse and likes BSV -

"The goal of Bitcoin SV is to fulfill the original vision of the Bitcoin protocol and design as described in Satoshi Nakamoto’s white paper, early Bitcoin client software and known Satoshi writings. BSV aims to offer scalability and stability in line with the original description of Bitcoin as a peer-to-peer electronic cash system, as well as deliver a distributed data network that can support enterprise-level advanced blockchain applications."

coinmarketcap.com

Bitcoin SV price today, BSV to USD live, marketcap and chart | CoinMarketCap

Get the latest Bitcoin SV price, BSV market cap, trading pairs, charts and data today from the world’s number one cryptocurrency price-tracking website
coinmarketcap.com coinmarketcap.com

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Side note, that isn't always true about something eventually comes along that is better, even when it does, sometimes it's too late. You mentioned Google.

There wasn't a dominant search engine when Google came along. I had sites when Google first showed up, and had a job at the time and 1 site was #1 in HotBot. There were many search engines delivering traffic. You could say Altavista was closest to being dominant but at peak only had about 25% market share. You had Lycos, HotBot, AskJeeves, Yahoo, Excite, Infoseek, Yahoo, AOL, MSN etc.

Then Google came along and stomped them all out and has been #1 the last 20 years, still has about 85% of the searches. That's not going away, why? Because when the market is satisfied, there isn't much room for competition. Nobody out there is asking for a new search engine. You actually had a couple that came along that were better in many eyes like Teoma and AllTheWeb but it was too late. People weren't saying I'm going to search, they said I'm going to Google, it was ingrained into society. The new ones that came along got bought up and shut down. Yahoo did a lot of that. Or if there was some new feature, they just adapted. I think it was MSN/Inktomi that first put video in the results, Google just updated and did the same.
 
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JJ Lions said:
That's not going away, why? Because when the market is satisfied, there isn't much room for competition. Nobody out there is asking for a new search engine.
Click to expand...

People are asking for a better google but that aside ..

Do you think that there are any theoretical limits to what google does and how they do it? And if so what specifically are they?
 
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ORDER_66 said:
Any of y'all think all this Bitcoin crashing is targeted manipulation by whales so they can buy in at a lower price?!?:patrice: I mean it feels that way to me
Click to expand...

what would the whales do when they "have all the bitcoin"? what's the endgame?

would they keep fighting until only one had everything?

if that became public, how would they stop users (led by libertarians) just moving to another (new?) blockchain.

why own all of something which "does not work. does not scale"?
 
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