If Tether falls the whole cryptocurrency market could go down with it

submitted by /u/the_tourniquet [link] [comments]

source https://www.reddit.com/r/btc/comments/kpufd5/if_tether_falls_the_whole_cryptocurrency_market/

Would Bitcoin Core reign forever, or could Bitcoin Cash top its market cap?

Do you think Bitcoin Core will always have the highest market-cap in crypto, or could it lose the top position to Bitcoin Cash, or even another crypto like Ethereum?

Bitcoin Core maximalists are very clear at this point that Bitcoin Core is not electronic cash as it was first planned, now is digital gold. From Bitcoin Core maximalists perspective Real-world usage should be done on layer 2 and they believe that Lightning Network will take care of this. Maybe is just another bait and switch? And the real plan is Paypal!

“If the design takes too long to build, it's a bad design,"

Anyone that studied or tried using Lightning Network understands is conceptually broken. The Bitcoin Core small blocks make things even worst for Lightning. Sadly there is no much we can do about it. Newcomers to crypto are quickly bamboozled with the Hodl and numbers go up propaganda. There isn't much technical discussion nowadays on their channels. Is just mostly memes. No decentralized innovation; projects like Counterparty were killed, even when they allowed for tokens and stable coins before Ethereum or Tether existed.

Starting a project on top of Bitcoin Core that is not on a small list of companies means ridicule and likely failure. If Ethereum is as popular, valuable, and useful as it is today is because Bitcoin Core maximalists scared away innovation and merchant adoption into a new blokchain. Ethereum was to be built as part of Bitcoin initially!

So what kind of future could Bitcoin Core have, when a small group of people single handed destroyed adoption, innovation, and changed the initial project while using an organized group of sockpuppets to control the narrative? Could they really maintain the top market-cap with this strategy? How long will it take for people to start making the right questions and discovering all the lies and censorship behind Bitcoin Core?

One thing is clear to me, they feel threatened by Bitcoin Cash. Adam Back, head of Blockstream pushes for people to call Bitcoin Cash, "Bcash", trying to discredit the community. Tone Vays spends countless time telling people to stay away from Bitcoin Cash, yet Adam Back and Tone Vays defend Tether! The most obvious and dangerous scam on crypto. A stable coin that was supposed to be transparent and that never provided real proof of their holdings. What is going on here, what is the connection between Adam, Tone, and Tether?

Back to the start, I don't see Bitcoin Core remaining at the top of the marketcap for too long. Their stupid "hodl, numbers go up" strategy means that as the market cap increases, more and more money is needed for a price increase. Thus making other cryptocurrencies more attractive as an investment. Companies investing in Bitcoin Core at 35K are risking a lot. There is no merchant adoption to sustain the numbers! New network effects are being formed, and innovation and value creation are happening outside of the Bitcoin Core domain.

Bitcoin Cash feels extremely undervalued, we pursuit that first spot on the market cap. I don't think many coins can say the same. Ethereum needs to fix scaling, we scale today. Honestly, I don't see any other crypto coin with an option to get that first place. Maybe that is why we are being the only ones constanly attacked by Bitcoin Core maximalists.

submitted by /u/estebansaa
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source https://www.reddit.com/r/btc/comments/kpww5y/would_bitcoin_core_reign_forever_or_could_bitcoin/

Why I'm not selling

15-20% cap gains tax is absolutely absurd.

I mined my holdings in 2014/15, and because i technically never purchased them, i never reported them on my taxes. According to a couple opinions from tax accountants, because I never reported it, if I were to sell it would always be at max cap gains tax which is 15-20% in the US (depending on income).

So here I am, now a 7 year long HODLer who has never once sold a single coin, waiting to buy a house outright with bitcoin directly.

fuck the feds and fuck fiat. 2 da moon.

submitted by /u/Astrofide
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Hyperdope - Be My Baby, Bitcoin!

submitted by /u/hyperdopeofficial [link] [comments]

Subscribe and earn Bitcoin Cash

So I am trying to get my brother 1k subs on youtube before his birthday. I was gonna use dogecoin but fees are high and I have a bunch of BCH so why not use it.

​

Subscribe to this channel and earn 200 satoshis per subscriber! Send me proof of you subscribing to my DMS and your address!

​

https://www.youtube.com/channel/UCJpSD8BrxjWu2H9WBhQj9mw

submitted by /u/SoiledCold5
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source https://www.reddit.com/r/btc/comments/kpvpvl/subscribe_and_earn_bitcoin_cash/

Michael Saylor: “Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy"

submitted by /u/100_PERCENT_BRKB [link] [comments]

£25,000

I am literally drinking my first cup of tea of the day, and watching the day break in London, as another milestone is reached. Cheers boys.

submitted by /u/BadSysadmin
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