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  • Crypto Currency - Believers Only

Pretty much yeah, fundamentally Bitcoin is ridiculously scarce, only 21 Million will exist once all are minted by 2040 ish and with global demand soaring each cycle the price will inevitably go up considerably.

I’m watching this South American Bitcoin adoption closely to see what develops there, could be interesting.
    > Hursty each cycle the price will inevitably go up considerably

    while i suspect this will happen, it’s far from certain. beyond scarcity, bitcoin is completely useless at the moment and other coins and use cases could easily render it obsolete/worthless.
        303abuser I’m not into Bitcoin and follow other next generation blockchain technologies as I believe this too, but Bitcoin will always be around and be invested in. Currently all other cryptos follow what Bitcoin does, until this is broken then its still king pin.
          Lol no way I’m clicking that link, Mono. You’re just trying to take us all down with you
          6 days later

          Anyone else do those quizzes on coinbase to earn free coins? Really pleased that one of the coin was Amp as its on a great run ended up buying more last night.

          • Amps replied to this.

            Read an article that said hedge funds expect to hold 7% of their portfolios in crypto within 5 years.

            Funky Had no idea there was an Amp coin. I’m all in obvs!

              The bull market is on track to return with a vengeance by the end of the month.

              6 figure Bitcoin incoming

                Hursty There was a weird glitch on my app yesterday showing the price of ADA down at 0.44, did you notice it? Lasted about 20 mins before showing 1.49 again. Thought there was some shenanigans going on. The surge next in August will be interesting, if it happens.

                    LT42 it was noticed across the community, weird one but sounds like a genuine software bug.

                    Yep, it will be interesting to see how high we go.

                    • LT42 replied to this.

                        Wally why is the bull market coming back?

                        All to do with the Bitcoin halvening cycle and what has been observed in the previous cycles.

                            Hursty My bank card was in my hand but I didn’t trust the situation. Would I have got them for the lower price if I had pulled the trigger?

                                LT42 no it wasn’t to do with exchanges more an bug with how apps and websites display the current prices

                                • LT42 replied to this.

                                    The stock to flow model is one of the charts always banded about but as you can see each bull run has ended after having breached the next horizontal, usually in a blow off top move like 2017 which everyone remembers.

                                    My alt coin getting a huge public boost. 👍🏻