So, one person sold billions of dollars’ worth of Bitcoin, and then quite a few panicked and sold too. The alts are pegged to bitcoins value and so went down as a result. Why? Unless they needed to buy an island or something. Or truly thought Bitcoin is not going any higher than 10k.
As much as I don’t want anyone to lose money, and can understand the long term negative effects of such, the selfish part of me would love to see a crash to $1500. Oh, my goodness the number of Bitcoins – plural – I could get. Delicious.
If everyone in the world had an equal amount of bitcoin, there’s only enough for everyone to have 0.002 each.
https://www.reddit.com/r/Bitcoin/comments/5jvdak/only_1_in_5000_people_worldwide_will_ever_own_1/
https://www.reddit.com/r/Bitcoin/comments/7gogt6/showerthought_eventually_using_your_bank_to_buy/ SHOWER THOUGHT.
https://www.reddit.com/r/Bitcoin/comments/7gtybd/showerthought_if_youre_kicking_yourself_for/ SHOWER THOUGHT.
Your stomach thinks all potato is mashed.
This is so freakin true: https://www.reddit.com/r/Bitcoin/comments/7gw5ai/people_actually_listen_now_when_i_talk_about/
The herd is coming and it’s googling for directions: https://www.reddit.com/r/ethtrader/comments/7gu6ae/holy_sht_the_herd_is_actually_coming_and_its/ Same this happening with Ethereum.
This goose is crazy: https://www.reddit.com/r/Bitcoin/comments/7gpm73/pretty_soon_btc_vs_the_world_financial_system/ The point being that BTC is unintimated by forks and bans.
For some reason I found this super funny: https://www.reddit.com/r/CryptoCurrency/comments/7gvcq0/wall_street_journals_front_page_diagram_of_btc/ Wall street journal.
This is actually crazy accurate: https://www.reddit.com/r/CryptoCurrency/comments/7gq6ez/what_i_see_every_time_i_look_at_coinmarketcap/
The raiden payment channel network has been opened: https://www.coindesk.com/microraiden-payment-channels-go-live-ethereum-network/ Comparable to the lightning network for Bitcoin, this enables cheap and fast micro transactions. But that’s old news now, what’s next? Something will eventually replace the need for Raiden. Here’s one.
Ethereum scaling upgrade TrueBit: https://www.coindesk.com/world-computer-new-protocol-supercharge-ethereums-blockchain/ Interesting Vitalik quote.
I look forward to the $0.01 Satoshi ;-p
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This is fun to know:
"If everyone in the world had an equal amount of bitcoin, there’s only enough for everyone to have 0.002 each."
https://www.reddit.com/r/Bitcoin/comments/5jvdak/only_1_in_5000_people_worldwide_will_ever_own_1/
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Or 200,000 Satoshi'shkabobs
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It seems to me, and I said this in my Steemit, that someone or some people did the sell off to spark fear and sales that they could buy up.
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yes i agree, and the price will fall off soon, we are in the bullish trap phase of the hype cycle. Bitcoin really needs a correction, otherwise it will become a bubble.
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I think a correction could be as much as 30-50%, and that would suck for me with no liquid USD but in the long run such a correction would be healthy.
Hopefully I can, and you can, get some liquid dollars to buy that dip, when it comes.
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Wait till the full effects of bitcoin futures kick in later this year or perhaps early next year. Then we could see a whole lot more manipulation and subsequent panic selling. Just get your money ready to buy when the price is slammed down hard.
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