Are we excited yet?

Charles Hoskinson is a little suspicious of the upgrade schedule, reckons it could take up to 2 years to complete.

Ok, he is competition but still worth a listen to.

All the same, nice to see some alts performing well

I do feel like we tickled the bottom, will get a little rise now and then drop again before the long road back.

Talks of interest rise on one hand and another round of money printing on the other makes it difficult to tell what will actually happen.

I'm not selling, I'm not buying either. Have all my investing done for the moment.

Bitcoin isn't a currency. I think that particular claim was a few iterations ago - even before it morphed into a "hedge for inflation"

Don't waste your time with him.

1 bitcoin is worth 1 bitcoin. In the same way, 1 dollar is worth 1 dollar. It is the buying power that moves around. 1 dollar today is equal to 1 euro. A few weeks ago it was 1.20.

The value is what someone is whiling to swap you for it. As a collective we have agreed on a value but it moves all the time. There is little to no real worth in a dollar bill other than what we have all agreed it can be swapped for.

Same with bitcoin. It is only worth what someone else will swap you for it. That could be time, things or money.

There's still hope for him, its just his perspective that is clouded, that can be fixed.

Currency value can be (and is) controlled by various factors, such as supply. It's main function is as a medium of exchange, and they work best when they are relatively stable, which is what most modern economies strive for.

Things like Bitcoin, Bitcoin Gold, Bitcoin Cash, Bitcoin ABC, Bitcoin diamond etc are artificially scarce tokens that people gamble/speculate on, a bit like baseball trading cards. They have more in common with speculative assets, which is what they compete with, rather than currencies. Unfortunately at some point someone added the tag of "currency" on them, and it stuck.

I agree with your earlier post about the market, I think it will go up for awhile, then gravity will set back in. We'll see though, this new wave bought in so many new investors it's hard to tell if any small rise won't develop into something larger. Maybe we won't have 3 year bear markets any more, who knows.

I used it as one. I got into bitcoin because something I wanted to buy at the time was 20% cheaper if one paid in bitcoin, so I got some for a lark. Then I noticed that my leftover BTC was suddenly worth a lot more than I had paid for it, whereas the real money I had sitting in an AIB account was losing value.

Back in the day I remember seeing a property in up state New York for sale for bitcoin. Don't know if they found a buyer for a lot of trees on a random block of land, presumably without services.

There is a difference between something being priced in Bitcoin, and Bitcoin being accepted as payment. I am sure there are some gimmicks, but that's mainly the extent of it.

I already have a job and get homesick very easily.

Try to focus here Donald, if we can help you to understand then maybe there is still hope for you to get in now whilst we are at the bottom.

Musk buys Bitcoin and states he won't sell: "Mainstream adoption", "This is just the beginning", "It's a store of wealth"

Musk sells Bitcoin: "Paper hands", "Get the trash out of crypto", "This is good for Bitcoin"

It's like a never-ending parody of itself at this stage.

I am

Nice little pump today on top of the Fed news

Oops, I think I jinxed it

The irony of the Crypto world looking for regulation. I thought this was the whole point of crypto. It operated outside of state regulation.

Don't post that shite!

Hopium anyone? https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/