Bitcoin is getting donkey-punched hard today, off by 4.7%. Might I add a little personal touch to this decline, it is both well deserved and appreciated. It has stifled all of the Bitfags on Twitter. I regularly do battle with them and consider most my mortal enemies.
On the other side of the ledger is Ethereum, higher by 8%.
You might be thinking, what the fuck? How could this be?
After doing some research, DEMANDING answers on Twitter, someone told me Bitcoin Fork was activated today. The fact that this exists, goes to show you how retarded these people are.
But it’s not just ETH; the entire ICO market is on fucking fire now, obviously plunging out of stupid old man BTC and into more interesting coins — like FUCK and PEPE. Here are some of the bigger capped ones, most of which are up double digits since last night.
All of the novice crypto bloggers have been shit talking ETH for months now, favoring the old man Bitcoin instead. These idiots even draw lines on charts, trying to analyze cryptos like they would stocks. Understand something, those bloggers are jackasses and you should avoid them like the plague. The fact that ETH is trouncing higher today, amidst negative sentiment, simply demonstrates, yet again, that the power of the crowd being on the wrong side of the trade permeates all asset classes. Expect the unexpected. Buy when other people are apathetic.
Personally, I wish they’d all die, casting all of the losers pestering me on Twitter to a doomed hell. But if I had to choose a victor, I’d root for ETH.
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If at all choosing, choose the one(s) crypto(s) the big banks own, develop, support and shill for since those are the mofos that pull the strings of “governments”. The banks, like jpmorgan, goldman, etc., will push governments to outlaw, regulate and denigrate cryptos that compete with “their” stupid digital tokens. Today it’s ETH they are into. Tomorrow? Who knows. It’s gambling. The hard 21MM limit in btc is bullshit. If they can fork the fucker once, they can fork it infinite times on you. Nobody can fork phyzz gold.
Twice—so far.
Bitcoin forked, which is like then spinning off a company with a separate stock, paying 1 for 1 shares to the shareholders. Most predictable drop you could ever ask for. Ethererum and the others popping up simultaneously is just as predictable.
Hellooooooo, McFly!?
it’s like spinning off vaporware.
I’ve said on a number of occasions that BTC would drop after the fork and the money would flow back to the alts. We’re going to see a similar occurrence in a few weeks when BTC forks again. Segwit2x is up next so people will move from altcoins to BTC to get the split and then move back to the alts.
Easy to follow.
It gets interesting when the segwit2x fork arrives on November. The majority of the miners are supporting 2x and want the 2x fork to be labeled bitcoin. Coinbase and others however plan to keep calling the original chain bitcoin or btc while the new one will be called bitcoin2x or b2x.
$MGTI gives all the downside with none of the upside
Poor McAfee
Was it you that mentioned that a week or so ago? Made sense and I got the fuck out of that POS. Thanks
Lol, not sure if it was me specifically, but I’m glad the info got out there!
The correlations on these equity proxies can be just as volatile as the underlying.
Is that a photo of a young Sally Jessy Raphael?
After reading you for 10 years it’s kind of sad to see your writing degenerate to such depths on this topic. THere is a very logical reason bitcoin is dropping. It’s about to split into two versions and only those who bought prior to yesterday would be able to collect on both tokens. So the price is adjusting downward now to account for the value of the new token which is trading for about 0.05btc (almost exactly the amount the price has dropped). But it’s better to write a sensational sounding story than try to understand this stuff.
Fly, my friend, you’ve really lost your way.
This is a pattern that’s been in place for years. Bitcoin up, alts down. Bitcoin down, alts up.
Fly, I encourage you to talk to me so I can clear up your misunderstandings about Crypto. Otherwise your finance site will miss out on the biggest financial shift in human history.
The biggest financial shift in human history was the hofjuden taking over the banking system, stealing from and defrauding humanity of their sound money and then strangling humanity with debt load of unprecedented size with their intrinsically worthless confetti tickets forced down everybody’s throat as money….just sayin’
Retard alert