Ah yes, gimmick and shitcoin spazzes during bull runs. I guess if you pick the right one, and invest a shit ton in the short term you can make some dough.

You spelled HODL wrong. Other than that you are 100% spot on!

I just wonder when bitcoin will become world-wide official admitted currency.

A currency only has value because people believe it does. I am quite certain that sometime in the future (probably when I'm old and gray but maybe sooner) that a blockchain-based cryptocurrency will have more value than most, if not all FIAT currencies today.

The only thing backing the USD is your faith in the government, let that sink in for a moment.

8500

Got through 8482, a key level from last July. Wouldn't be surprised to see 10k soon.

$9000+ baby, and OTC:GBTC is still rocking! $$$$

And promptly took a nose dive.

I don't know how you guys can stomach that volatility.

Nah, not a nose dive, a slight drop.

I figured like oil speculators, they are doing the same with Bitcoin and know when to sell before everyone else and cash out. Buy after the tank out then ride again.

I just sold. :)

$10,000 by the end of July IMO. Yall should have bought at $3200.

I bought at 4200. :) I'll buy back when this hits another consistent trough

I have a friend whom I trust when it comes to money matters practically demanding that I throw as much money at Ripple/XRP that I can as soon as I can. I am crypto ignorant, so I need some opinions on his opinion.

ripple has alot of things going for it but they just release more when need be. The whole idea of crypto was to get away.from.banks and.ripple works with banks. It got up to 3 dollars at one time ans is now at 45. Put some in and hold but I doubt it is going to go bonkers.

Bitcoin's Rally Masks Uncomfortable Fact: Almost Nobody Uses It

By Olga Kharif | Bloomberg
May 30, 2019, 7:00 PM CDT



Bitcoin has a lingering problem that few people are talking about amid the renewed exuberance of the recent price surge. Hardly anyone is using the world’s largest cryptocurrency for anything beyond speculation.

Data from New York-based blockchain researcher Chainalysis Inc. show that only 1.3% of economic transactions came from merchants in the first four months of 2019, little changed over the boom and bust cycles of the prior two years.

Even though marque companies such as AT&T Inc. now let customers pay with cryptocurrencies, the problem is that few speculators want to use the digital coins to pay for wireless services when the digital asset’s price might surge another 50% in a matter of weeks.

That’s become the main dilemma with the cryptocurrency: Bitcoin needs the hype to attract mass appeal to be considered a viable electronic alternative to money but it has developed a culture of “holders” who advocate accumulation rather than spending.

"Bitcoin economic activity continues to be dominated by exchange trading," Kim Grauer, senior economist at Chainalysis, said in an email.

...

https://www.bloomberg.com/news/artic...nobody-uses-it