Cryptocurrency Trading Bots Manipulating Bitcoin, Altcoins' Pricing

[R-T-B]

If Bitcoin died for whatever reason, would you actually store your money in any coin ever again?

I did not say it was going to die. I said it was going to lose it's #1 status, or rather "die as chief coin."

 

[Captain_Tom]

I did not say it was going to die. I said it was going to lose it's #1 status, or rather "die as chief coin."

Thus lose it's store of value property, thus making the entire idea of "store of value" a joke.

Yeah, other coins may briefly jump ahead in "paper" marketcap - but again: I have no problem saying no coin will in reality pass BTC for more than a blink of time. Heck go look at Ripple - it's all fake volume controlled by a central authority lol. Depending on how you count it, it already "Passed" BTC - but eventually Coinmarketcap had to intervene because of how faked and controlled the supply is. Then it fell (because it is useless lol).

But let's humor this - why would any coin gain more total value than Bitcoin? The very fact that it is Store-of-Value, means there is no reason for another use case to overcome it.

 

[R-T-B]

But let's humor this - why would any coin gain more total value than Bitcoin?

Technological superiority. Bitcoin is already dated in so many ways vs even direct clones (like BCH) it's almost impractical to use for anything but large transactions. A more practical coin with more mass usability could easily take off. I think one day it will.

No, we aren't there yet as most clones are mundane things based on PoW or PoS and little varation. I think that day will come though.

If bitcoin tried to adapt that might change things. But the bitcoin devs have historically been quite conservative in regards to it's core issues.

 

[Captain_Tom]

Technological superiority.

I am gonna stop you right there. Do you actually think things like block size or times are the innovation of Bitcoin? LOL

The ONLY innovation of Bitcoin is sustainable decentralization. All other systems sacrifice this - and they die or fall apart.


P.S. Dump your shitcoin. I will bet you $1,000,000 that BCH loses, just like Jimmy Song bet Roger Ver. Ver backed out of the bet, will you?

 

[R-T-B]

Do you actually think things like block size or times are the innovation of Bitcoin?

No, as I noted, they are trivial but already problematic. They certainly aren't it's innovative part, they are more like accessory problems.

There'll be a big change IMO. Probably something proof of time based and tied to automation of the economy and universal income. Of course, that depends on tying it into some kind of government ID system or unique personal identifier.

Remember, I'm talking decades, not years.

P.S. Dump your shitcoin. I will bet you $1,000,000 that BCH loses, just like Jimmy Song bet Roger Ver. Ver backed out of the bet, will you?

What? Last coin I possessed was ZCash. And it was for an experimental mining article series. I haven't held anyactual crypto in nearly 4 months.

I'll do you better: I can promise you BCH is not far from dead. It's a complete failure to differentiate itself, chiefly. I'd bet on it's death even more than Bitcoin. I was only using it as an example of what a couple years and completely uncreative minds brought to the table.

 

[Captain_Tom]

Remember, I'm talking decades, not years.

I can promise you BCH is not far from dead. It's a complete failure to differentiate itself, chiefly. I'd bet on it's death even more than Bitcoin. I was only using it as an example of what a couple years and completely uncreative minds brought to the table.

Well it seems we can come to an understanding then. I have owned many different coins, but once again we are coming to another focal point where it is clear the true innovation in this space is Bitcoin's Sustainable Decentralization.

Idk what the future holds decades from now, but please don't pretend anyone is smart for saying "things will be different in 50 years." <= Yeah, no shit Sherlock lol.


P.S. Bitcoin's bottom will likely be in within 2-4 weeks. idk if you actually believe in saving for the future, but food for thought.

 

[hat]

P.S. Bitcoin's bottom will likely be in within 2-4 weeks. idk if you actually believe in saving for the future, but food for thought.

What makes you say that?

 

[FordGT90Concept]

BTC to USD has been hovering around $6500 since forever. I think the altcoin sell offs are still keeping it propped up. Until they're almost completely depleted, BTC will continue to hover.

 

[Captain_Tom]

What makes you say that?

It's a long story that require charts to depict easily. In a nutshell, the linear trend-line made from the absolutelowest (1-minute) dips will be at almost $5,000 in December. It's never been crossed. It could be of course (nothing is certain), but it is a good indicator that we have almost fallen enough to correct for the over-exuberance last year.

P.S. People forget that we were below $6,000 exactly 1 year ago lol. We are still up YoY.

 

[R0H1T]

It's a long story that require charts to depict easily. In a nutshell, the linear trend-line made from the absolutelowest (1-minute) dips will be at almost $5,000 in December. It's never been crossed. It could be of course (nothing is certain), but it is a good indicator that we have almost fallen enough to correct for the over-exuberance last year.

P.S. People forget that we were below $6,000 exactly 1 year ago lol. We are still up YoY.

You mean the market manipulators will reenter the market around the $5k mark?
Nope if there isn't a fundamental demand for coins, or alt coins, you'll see the same cycle repeated over & over again. But will the regulators step in, since we also don't know if they'll do so given that the huge chunks of money entering cryptocurrency realm IMO wasn't from some random dudes?

 

[Captain_Tom]

You mean the market manipulators will reenter the market around the $5k mark?

LOL oh yeah I know everything is unfair and "manipulated." Have an extra tinfoil hat for me?

 

[R-T-B]

Yeah, no shit Sherlock lol.

Hey, I never said the statement was the product of some deep, next-level thinking.

 

[MatGrow]

I don't think it can really affect crypto market as a whole.
I don't believe BTC will die.