Why are crypto going down

because they can.

Time to buy. I sold DASH at $130 for stable coins. Now I can get even more DASH at these lower prices than I had before. The money basically prints itself!

when a trader sells crypto they carefully time the market so they don't crash it. When a market manipulator sells crypto they dump a stack of paper crypto that they don't actually own on the market and sell it all at once. They then buy it back and cover their short.

Because crypto is speculative dogshit.

Profile pick goes so well with this thread

Hopefully so I can buythatshit



Ahem..

I rule you :D

Why thank you sir

P
I

Buffet said he wouldn't buy all the bitcoin in the world for $25

I bet he would buy 1 bitcoin for a million dollars when everyone else wants one for 2 million dollars.

Crypto's perceived value is all they have. It can rise or fall according to the rhythm of the fad. There are over 2800 different crypto codes (not coins) on the market.
They can't be considered rare forever.
People are fickle.
Fads come and go.

Fail.

Go ahead, Pay $30,000+ for a string of code and wait for someone more stupid than yourself to pay you more for it.

They're game tokens. Gambling chits. Nothing.
A popcorn fart has more mass.

What gives cryptos value is the uniqueness of their feature set. For example, BTC is more valuable than fiat currencies because it is proof of work, available and active 24/7/365, decentralized, peer to peer (means no middleman and no banks) and globally usable.

So for a coin, one of the 2800 crypto"codes" as you called them, to be more valuable in utility (not necessarily price which is subjective and manipulated) than BTC, it has to do better than that.

That's why most coins are worthless, because they're just clones of BTC with a parameter changed here and there. No actual novelty or utility. Coins like ETH let you do more than BTC, e.g. stable coins which maintain value when the market is down, allowing you to buy more at lower prices.

DASH is even a cut above that. DASH actually solves the scaling trilema. The problem with BTC is the more people use it, the more expensive the fees become.

This is due to a hard limit in transactions that can be included in a particular block. This limit is to prevent the network from being overloaded and burning out the nodes who propagate transactions.

Well, DASH solves this by not only paying miners from the block reward, but also full node operators called Masternodes. So 4000 full nodes are running on DASH all the time and they're paid to do so, which means the more people use the network the more money they get. Which gives them incentive to run the best hardware to keep up with demand.

BTC, BCH and every other coin use volunteer nodes so when there's a lot of users, the costs to run the network spike but the reward to do so is the same ($0) and nodes quit, making it harder to run the network and requiring an artificial limit to prevent the network from dying.

DASH has no need for that and since the nodes are paid, they can afford to do crazy unheard of stuff that other chains can't, like chainlocks which provide immunity to 51% attacks, transaction locking which allows EVERY transaction to be completely settled respent again instantly (other chains like BTC make you wait 60 minutes to settle and respend a single transaction), as well as decentralized, protocol coinjoin. Coinjoin on BTC is slow, expensive and requires trust most of the time. DASH's masternodes are always running and because they have to prove ownership over 1000 DASH they have skin in the game. So they can be tasked with things like this without losing decentralization.

This is why DASH is superior to BTC and thus more useful and eventually it will be more valuable too. DASH was the first cryptocurrency besides BTC to trade at more than $100, $200.........all the way up to $1600. Before DASH, even coins like Ethereum only traded at like $10-20. DASH broke that ceiling because its much better than other coins. No other coins have instant transactions, for example.

When will btc be 2 mil?

You saw what happened to McAfee

If you say so. Lmao

I bet the stonk market busts hell wide open Monday.

Bingo. A math solution.

I'll pass

bad weather for tulips

Bitcoin probably will shoot up to $1 million a coin soon.

Yeah, I do. And nobody else can say different, which is how you know I'm right.

because the people that control everything want you broke and poor.

"What gives cryptos value is the uniqueness of their feature set. For example, BTC is more valuable than fiat currencies because it is proof of work, available and active 24/7/365, decentralized, peer to peer (means no middleman and no banks) and globally usable."

It is proof that a mining computer ran and ran seeking it out using a good deal of electricity in the process.
Nobody had to work, nothing real was produced.

Why are the Central Banks of the world (including their Overlords, the BIS) seeking after the possession of so much gold and not trying to buy all the Bitcoin codes?
(Words mean things- and they are not 'coins')

I'll help you out. The US Dollar $ is a measure of pure silver. Silver is money. Gold is concentrated money with no other major purpose. Yes, a bit is used in electronics and a bit more shielding spacecraft, but the majority hangs around ladies' necks. The rest is in the vaults of the Owners.
Those Owners have successfully scavenged all the money from the United States for the most part. Picked clean, we have to be happy with computer codes we declare valuable. The 19th century Chinese watched the same group strip the gold and all the silver from China by selling them opium so they could carry it all off, and the Chinese are pissed off to this day.
and
Every electronic transaction is known and recorded.

You're wrong. The proof of work is proof that the work of securing the next block has been performed. The energy that went into that proof cannot be regained, just like the energy that goes into turning a lump of coal into a diamond cannot be regained, creating something of value.

Central bankers are run by centralization and selfish goals to accumulate as much wealth as possible, you can't compare them to decentralized services seeking to provide financial freedom, they are diametrically opposed. Words mean things and those things are whatever the people decide they are.

If we decide that electronically validated cryptographic coins are the equivalent of coins then that's what they are, period.

The only person you're trying to "help out" is yourself. You're shilling for your stupid shiny rocks because you likely bought heavy, smelly bags of that shit in the 2010s and need the price to go up so you can see even a sliver of ROI. Money is WHATEVER THE PEOPLE DECIDE IT IS. And since cryptocurrencies are BACKED BY MATHEMATICS that makes them the HARDEST FORM OF MONEY AROUND.

Harder than gold and yes harder than silver. Gold is worthless compared to Bitcoin and next to nothing compared to DASH which takes the hardness of Bitcoin and adds the true transactionality of instant transactions and immunity to 51% attacks. No other coins are immune to 51% attacks which makes DASH the most secure cryptocurrency, and thus the hardest form of money available.

Every fiat transaction is known and recorded. At least with cryptocurrency you can break the history of transactions with coinjoin and there is no personally identifying information in the blockchain.

Study up, you're 100 years too early to debate me....

"If we decide that electronically validated cryptographic coins are the equivalent of coins then that's what they are, period."

Which is what I meant when I referred to perceived value.
You agree with me. In unkind terms, it's a fad.

We have been able to transfer funds to do business electronically for over 30 years.
Sorry, but money is a real thing. You can bury it in a jar and a hundred years from now, it will still purchase goods and services.
A hundred years from now, BTC will be a footnote in some article about monetary history.

Its not a fad and I don't agree with you, don't put words in my mouth. We have the power to decide what value is and what money is because money is simply (until now) a non-digital database of ownership.

That's why fiat is tracked by serial numbers, because fiat currency is just a way to keep track of who owns what labor value over time. BTC does this much better than anything else which means you were WRONG not right.

And DASH does it even better than BTC making you even more wrong (since there are at least 2 coins with genuine utility to humans which is what gains our attention and thus value). So long as that's true you will always be wrong and it will NEVER be a "fad".

Its not about "electronic transfer of funds" its about SECURE, DECENTRALIZED, NO-MIDDLEMAN-TAKING-THEIR-CUT electronic transfer of value.

Money is anything we say it is, and since cryptos are backed by math its WAY BETTER than anything you can bury in a jar. And you're wrong. You can't buy anything with Roman coins or the money of fallen empires.

Once the issuer of fiat goes broke or falls away the money becomes worthless. Cryptos value doesn't come by declaration or "by fiat" but by the will and attention of the people solidified by mathematics. Again this is the hardest money that can exist.

BTC will be a footnote, but only because its already become outdated by more advanced tech like DASH, which adds instant transactions, governance and other features without losing a drop of decentralization.

Because the dollar is going up

"Money is anything we say it is, and since cryptos are backed by math its WAY BETTER than anything you can bury in a jar."

When everyone says it is something else, who will be hodling the bag? You're a digital millennial.
Have fun.

They it's possible to make tens of thousands it more in a day or so if one times it correctly

You're completely missing the point. On purpose? Because crypto is the best form of money, then for "everyone to say its something else" it will have to be even better than the current peak of DASH in utility and functionality. Its not a flighty choice like you're making it seem

Yes.

Cointards, the same type of people manipulating stocks are also manipulating crypto, and don’t think they aren’t. They’re called whales.