Quote from: HairyMaclairy on August 12, 2018, 08:34:26 AM

Monero has its own problems. The transaction fees hurt and supply is not fixed.

I do not want to go off topic into alt discussion in this thread so I invite you to post that in the monero thread so you can learn why you are wrong.

https://bitcointalk.org/index.php?topic=583449.msg43851970;topicseen#new

Quote from: HairyMaclairy on August 12, 2018, 10:30:11 AM

Tee hee hee

The post below explains that Bitmain is valuing its 1.02 million Bcash lol coins at their acquisitik cost and not at their market value. Thats because Bitmain paid over twice what those Bcash lol coins are now worth. Suckers. No wonder they want to IPO - they are desperate to dump their Bcash lol bags.

The Bitmain IPO is just an attempt to do a massive Over The Counter sale of 1 million Bcash lol coins. I wonder if any Chinese are dumb enough to fall for it.

This needs it's own thread, or is there one already?

Good link on this story

https://bitcoinexchangeguide.com/bitmain-pre-ipo-investor-deck-reveals-huge-btc-for-bch-bitcoin-swap-are-they-going-broke-as-a-result/

Someone needs to get that bittconnect guy to make a video of himself yelling out Bitmain!

https://www.youtube.com/watch?v=64R918K-3L8

Quote from: Last of the V8s on August 12, 2018, 11:01:03 AM

PSA: exchanges will start to wobble at under 6k. 1 or 2 self-hacks must be expected at times like that. Get your money off the exchanges as soon as you have done your business. Do not 'invest' more than you can afford to lose.

I'm on 6 months quit after over 40 years and this just gave me cravings like you wouldn't believe!

Don't post a rock with a BTC !!! Cheesy

Quote from: pönde on August 12, 2018, 11:35:51 AM

The Monero and Bitcoin transaction fees are very close to each other. There is not practical difference, exept during the high volume times Bitcoin has had actually higher fees.
https://bitinfocharts.com/comparison/monero-transactionfees.html
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Also, the Transaction fees of Monero will be decresed even more by 80-90% by the bulletproofs.
https://ethereumworldnews.com/monero-bulletproof-protocol/
https://getmonero.org/2017/12/07/Monero-Compatible-Bulletproofs.html

In addition The Tari Project which is a second layer protocol for Monero, will cut the transaction fees to fractions by Lightning Networks. It will also bring Atomic Swaps, Internal assets and much more for Monero.
https://www.tari.com/

The "not fixed" supply is not a problem at all. There is a fixed tail emission for Miners to have an incentive to mine. And because the tail emission is fixed, the emission in relation to existing supply will be decreasing. Also, the tail emission will be very low. 0,6XMR per 2 minutes block. That is only 432XMR per a day.
https://getmonero.org/resources/moneropedia/tail-emission.html

Also, the Tari Protocol will be merge Mined with Monero.

Lets not talk about Monero in this thread, even if a maximalist tries to spread misinformation. Just invite them to post their concerns in the correct thread. This is their thread after all and that should be respected.

Quote from: fabiorem on August 12, 2018, 03:03:48 PM

Quote from: drays on August 12, 2018, 11:55:19 AM

This is what worries me (apart of lack of humor or differences in humor perception): redditers are still bullish, very bullish.. too bullish. And not only redditers, but here in BCT too - no despair traces are visible en masse. No despair - no trend reversal, and I wonder how long this market can drop until people finally panic. I understand it is hard to shake out old Bitcoiners, but the new entrants should have already started to capitulate. But nope - even those who think Bitcoin will drop further, are setting 3K target, and expect moon then (in ~2 years). This particularly should mean the 3K bottom is to never happen - as too much people expect it. Bitcoin should either bounce noticeably higher or noticeably lower. Given the absence of despair now, I start to think it could go lower... which is highly undesirable scenario as I see it, as it will punch through weekly MA200 then, and also its will be disaster for miners and many crypto businesses.

But I am not really social media aware guy, and I may easily miss something. So... a question: did anyone see traces of mass panic in social media, enough to call it a mass sentiment..?

P.S. Please don't call me FUDder. Yes, I am not a bull now, and I miss TERA2 here, but I am just expressing my own concern, and will be genuinely interested in what people here think of this.

How many times do we have to repeat that bitcoin is not a ordinary asset? That bitcoin exchanges are not the stock markets? That bitcoin is not a company, and not a product?

Bitcoin is a currency, and it is extremely disruptive, as it is not controlled by any nation-state.

This nocoiner mentality is depressing. You just see bitcoin as a vehicle, a tool, to make more fiat money.

You dont believe that, in the future, you could buy a house with a single bitcoin. And without the need to sell it in the first place.

Thats why people are not panicking, and you dont see massive panic sell. The guys from Wall Street were probably expecting it when they implemented futures markets for bitcoin, to drive the price down.

I would argue that it is more of a store of wealth these days than an actual currency. And it may be the best way to store value than all the others.

No-one (except those living off their stash) dips into their stash for the weekly groceries do they?