Trump just overextends himself because he's never had to answer to anyone in his life. He doesn't understand the concept of major institutions holding his hand in place, and he most certainly doesn't believe in checks and balances. The man has been his own boss for his entire life for Christ's sake.

Illuminati? Or just filthy rich lobby groups that are deep in the pockets of these institutions? All it is is the dirty corporations swinging their dollars around to get shit done for them. It's not a democracy, it's a plutocracy.

That's the big problem we are facing is the heavy supply weighing down from above. There needs to be more organic demand and not just algos driving the price up for short periods. I'm a bit worried about the future of bitcoin because of that. These futures contracts are no good in my opinion, and the ETF won't make a big difference either.

What would really help bitcoin is more trust and widespread adoption by major figures who actually use the coin for what it was intended for, rather than just quick swaps or pump & dumps.

This is how they secure their comfy positions up there. Use a bunch of senseless jargon so normal folk like us get headaches trying to decipher it and just end up hiring an "expert", whose track record isn't much better than a monkey pressing buy or sell buttons.

Economics as a study is complete nonsense if you ask me. Its theories of "perfect efficiency" only work in a vacuum. For real life, there's something else involved. We call it greed, fear, and rationality. I don't think they've figured this out fully yet, but they sure are trying.

Yeah but when it slumps, it slumps for a while. We've seen similar action in gold. Just a slow steady slip downhill for a long period of time, but not in large amounts. I think that this slump is starting to run out of energy though because it looks like it can't keep going down much further. It could, we never know, but it will have to bounce again soon.

The 6600 level was close, but now it's back down at 6000. There isn't a strong enough reason to bring it back up at the moment unfortunately. We need some more fundamental support to drive more investors over. It's all just old dogs lying around right now.

Lots of fools gold around but no one pays it any attention. Just like all of these altcoins, people notice that the other "commodities" have very limited intrinsic value and don't bother to put much money into them. They do need to exist, however, just to set Bitcoin apart from all the others.



I wouldn't be calling it a currency either, until we can actually buy out milk with it. That won't be happening soon either, so it's a store of wealth for the time being. Ideally we could use it as a currency but it's not practical yet. One day...

If you think about how few people are actually using crypto, society has already effectively rejected it. Until it is being used widely, you cannot say that the majority of people use it. So it is in the same state because many people refuse to use it. They cannot imagine how money can just be in codes and numbers. It seems like a really alien concept to them, so they do not want to get into crypto.

Now if it somehow became mainstream (like a government adopting it) and then people refused to use it, that would be a bit of a shock.

And that's why it will last longer. It's much more secure than the altcoins are because it can't be hacked into or taken over by a majority purchase as easily. It's already being integrated into the existing financial system (which may not necessarily be a good thing, but we'll see) and has more use than other coins in terms of transactions and payments. It's got a huge network of supporters and people trying to use it for innovative new concepts. And it's got a forum named after it.

All this excitement over altcoins isn't worth the energy. Altcoins are just balloons, some inflating much more than others, but all eventually floating back down into nothing. The only ones that will survive are the ones that have real world uses.

I'm starting to think it's running out of a place to go on the downside. It might be worth buying soon it it ever slows down. The coin seems promising, but I'm not sure about how secure it is, whether we could get scammed by a centralized system where they just keep pumping in coins to keep the price where they like it.

Does anyone see a strong fundamental reason for investing in Waves? Like a promising future innovation or concept that will give it a competitive advantage over the other coins? Or did everyone just invest to ride the Wave?

This is one of the biggest misconceptions about bitcoin. Everyone seems to think that it can only go one direction--up. But what's wrong with a few corrections? It's gotta come back down from time to time just so it can get ready to go back up again. Those that recognized its future value before it went on that huge bull run last year were lucky enough to get on early. Everyone else is just complaining because they feel bad that they missed out. Or they got on too late and they're sitting on a 50% paper loss, praying that it'll get back up to the previous heights.

Yeah it sounds to me like they set the whole coin itself up to fall apart after they've collected their cash and were long gone. It's a pity that people do such terrible things, and unfortunate that you wasted your time on this (even if it wasn't much effort). People expect scams to happen in the beginning, but after everything finishes and the money arrives in their wallets, they let their guards down. It's tempting to let it sit in there for a while and your investment to grow, but there's no telling yet if it is a legit coin or they just listed a bag of hot air.

Yes, that's true, and it comes down to the idea of risk tolerance I think. Or risk intelligence perhaps. We should have great enough self-awareness and self-trust to know what is enough, and what is too much. These kinds of stories are sad examples of how easy it is to bite off more than one can chew. Especially in the thrill of the game, people can easily get carried away by these immense profits that can come with crypto (or any other form of trading, if done correctly). Trading is essentially a manifestation of emotions as we humans learn to face our fear or greed in it's ugliest form--money

It's all about the blockchain. Bitcoin is just a member of that, which is what makes it valuable. But will it stay there forever? Well, that's kind of like assuming the IBM will be the only manufacturer of computer chips for the rest of eternity. I don't think that they can last forever, but they've certainly got the market cornered. They'll always have dominance over it, just like Bitcoin does over crypto, but eventually, somewhere, someone will find a better solution. Something more scaleable, faster, and practical.

Yes, precisely, this is what I think the next step will be as well. They will find an alternative. A nice alternative that is more convenient and safe for the masses, and they'll spin it in such a way that everyone will eat it up without question. Just like everything else that they've been forcefed.

This is why the concept of bitcoin has so much value, but the application has to be realized before the fiat is defined as useless. It's already well on its way with China and Russia purging their reserves of USD and the IFM talking down the dollar as if they've got some other grand scheme in mind. This could be it.

That point is valid for all investments, but even more so for bitcoin because of its volatility. If you truly believe in the value of something, why not just hold on and keep it? I've got a few stocks that I've been sitting on for years because I a) bought them to early and b) trust in the concept behind that company so don't care if I have to wait until the next decade to cash out.

The other part of this is only putting in money that you don't need immediately. If it's something you can see yourself needing for rent next month, maybe it's better to just hold onto it. Unless of course your landlord accepts BTC payments.

Yeah that's a relevant point. Gold isn't really the safe haven asset it used to be, and it's just been slipping further and further into the abyss. The only use for it nowadays is jewellery and wedding gifts.

Crypto is interesting because it was conceived as a tool for decentralized exchange, but now it's becoming a hedge. Traders are getting into it because of the huge movements that it has, and more and more people are looking at it as an investment tool or a place to hide away money that they don't want to be taxed. That's also why there;s all this buzz about the ETF conception as well I think.