I agree with the first and last sentence.

However, the price drop is due to China news (again, this time something even stricter) and credit cards.

USDT seems to be holding up OK.

I look at the charts, and I can't help but feel a bit worried, since the trading price is tanking so much.

However, I truly believe that we are still in an early adoption phase. I believe that in 1-2 years, possibly longer, we will look back on this as just another one of those small blips, like we look back on $1000 to $100 drop in 2014 (which I didn't experience personally, but I know that must have been painful for many).

Instead, I feel sad for a different reason.
Personally I'm rather more disappointed in what I caused for my family - my family owns about 2+ Bitcoins, a lot of LTC, ETH, and a wide variety of alts that many old-timers would call "ERC20 shitcoins".
Although I was an early-ish adopter, the large amount of money my parents put in to crypto basically means we are down a lot, overall.

I'm a greedy pseudo-investor. I believe that right now we are just a bump in the early-adoption part of the graph, since crypto is still very small.

I'm worried, but am I going to sell or get "shaken out"? No. Better to work on other things while this bear market plays out. 2 years later, and maybe I'll open my wallet and find that Bitcoin is 100k.

Hey TERA2, I PM'ed you - did you get it?

Wow. That's pretty bad...

There is a large dev fund that will have 10 million PRLs destroyed with a burn function.

Your PRL will not be impacted, of course.

This will be a good thing, since dev supply is gradually released - there is less to release now.

Yes, this is exactly what the Marxists want. However, what is your point?

The problem with these Marxists is that they have this dream of a utopia, but have no way of implementing it. I used to also dream of a utopia when I was much more naive, but the fact is that humans are greedy, generally callous, and overall flawed.
They will take advantage of each other for personal gain - if one person doesn't, another will take the opportunity. The nature of survival and society create and reinforce this.

This is because, at the center, the human is an individual. All collectivist thinking is totally nonsense until you have some special technology that can turn the human race into a hive mind (controlled by a few leaders).

Now, Bitcoin is literally the closest thing we have right now to taking a step towards that utopia - with mass adoption, and each satoshi having immense purchasing power, the purchasing power/price will stabilize.

This is a step to *true* freedom. It starts to resemble a payment system created and enforced by God (actually just probability and cryptography), and not by man (where middlemen control your transactions and stuff). It's not perfect, BTW, but it is revolutionary.

The price is just because we want to have purchasing power with our BTCs. It's normal - I don't why that's a problem.

Since they have a queue and rationing, you always have a good number of people who get put in the front of the line, as experience all benefits.

Those are the same people who say "I love Canada's healthcare system!" in Bernie's videos for single-payer.

I'm guessing that most bitcoiners don't agree with Bernie Sanders on much.

$5 in April. That's when the main-net is coming out! Join Telegram too. It's very informative.

On CMC, it shows the volume decreasing though. That's a bit worrying to me. Could be a bull trap, in that case.

PRL storage not only allows people to monetize through treasure hunt algorithm, but it is also the #1 most anonymous and decentralized storage system out there.

You can't get more decentralized than IOTA (especially as Tangle grows), and storing files in transactions is literally the most anonymous thing you can do.

At current PRL prices, the peg of 64 GB/PRL is cheaper than BAT too (since a PRL right now is trading very low).


I think BAT is a competitor, but who cares? Most coins have like 20 competitors, but that doesn't stop them from somehow staying relevant price-wise.

It may seem obvious to some more experienced traders and bitcoiners, but I've just fully realized how good of a thing it is for prices to go down as the result of correction (even a long-term correction) or manipulation.

Helps to get cheap coins, especially when other people are panicking.

It was pretty surprising how my parents, who bought at a pretty high price to begin with, made back some of their losses by keeping calm and buying at the dips the last few nights.

If you know that the price is up long-term, you can just measure your wealth in coins, not spendable fiat.

See, I don't get this. Enky wrote that a bearish scenario would involve a break below 7.5k USD. And right above that, BTC bounced massively.

But then he sold when it was like 8.5k - 9k, without waiting. Why didn't he just follow his own (correct) analysis?

So basically they will get all the BCH for sales. This is why I sold my airdrop high.

Also, Samsung > Bitmain?

Sphre AIR (XID) is a unique coin with a unique idea: decentralized ID management.

Their ICO was successful, but never had a big chance to take off, since the price of the coin rose during the boom, and then dropped like the other alts.

Their market cap is 7 million (maximum supply is 30 million). That is TINY for such an ambitious project.

They have a very impressive looking team.

Under-the-radar coin that has massive potential for a 10x.

This is normal. Everyone is withdrawing from KuCoin to Binance right now.

NEWS

Oyster Pearl, starting March 1, is commencing a burning of 10 million coins.

That is impressive! It sure beats getting a minwage job and working as a slave, getting nowhere financially.

I have to give credit where due. I said TERA2 was totally wrong a month ago on the prediction to 8k (claim is still the same - bounce to 13k), but it turned out that it just took longer to happen.

The thing is that even masterluc wasn't quite spot-on in this.