Yes sir. I have no idea what you are on about aside from the taproot "upgrade". Just when I think I am finally getting a handle on the technicals on bitcoin, after a few years of glancing studies, you come out the this new shit. And I thought I understood bitcash. Johnarb, I do not like you. Wait a minute...When johnarb joined the forum, it was BTC 1.0, yes? What version of john do we have now? hehe. Cylons!
lol, it's all good. Bitcoin is a peer-to-peer, decentralized, distributed network So think of running Microsoft Word, but a network version p2p and decentralized So let's say MS Word v1.0 is very basic, can type letters and numbers, but no special characters or special formatting like bold, italics and underline Let's say version MS Word v2.0 came out and everyone on the network can do the special formatting and characters, but you choose to stay on v1.0, it's all good, when they get stuff from you, they'll say oh, that guy never sends special characters, but we'll accept his letters because he always has something good to say That's basically what it is with Bitcoin. They come out with BIP (Bitcoin Improvement Proposals) that get activated on the network on the specified block when enough miners are running the newer Bitcoin software version This is how we knew the Taproot was going to get activated months ago when the miners started running the newer version and became 90% (don't know what the required percentage was, just giving out an example) This is the process with previous Bitcoin upgrades If you choose to run an old version of Bitcoin, you can still send and receive bitcoins but cannot take advantage of newer features. See example of MS Word v1.0 and v2.0 For example, if you never used Segwit, that's cool, newer versions can still accept your bitcoins on old legacy addresses. Or maybe you don't ever need multisig, you can run a Bitcoin version that does not support it Some hodlers have experimented with custom software of Bitcoin, in order to streamline the software, so the less stuff you have, the less possible attack vectors. Many bitcoins were lost years ago due to mistakes on these customized software, for example instead of sending the excess bitcoin to change addresses, the bitcoins became transaction fees. You can google them, if interested Bitcoin is open source on Github, prior to the latest version 22.0, the version numbering was 0.21 and lower https://github.com/bitcoin/bitcoin/releases
At $58.000 dollars, it will be interesting to see if the dip is bought. If it is, then Bitcoin will easily take out $100000. Around At $59=60 thousand dollars, there was 40 billion dollars in volume. Right now there is 26 billion dollars traded. at $58,000. On the most recent lows going back to July end of month, it was less than 30 billion. The increase in volume below $60,000 usd, over the prior 4 month lows, should be a sign that this is a technical bottom.
One thing, how can a company like Rivian achieve a greater value than all of the Big 3 combined? I don't think it can, which leads me to my next question. If the USA is indeed in some kind of bubble and the nasdaq sells off, what will bitcoin do? All the indexes actually. Stock indexes, what if they crash? What will Bitcoin or Ethereum do? I think they will go up. But as I said in the previous post, I want to see strength in this dip via buying. If there is, Bitcoin vs, ndq is an easy win for Bitcoin.
Well gee, what did the bitcoin do the last time the NASDAQ sold off? Look to your charts! How can a company like Tesla have a greater market cap value of the Big 3 combined? Look to your charts! Look at the action of bitcoin vs. Nasdaq this week. Do you see a correlation? NO! Because they are separate bits! They are not correlated to each other. It's like trying to pin gold on one asset or another. It doesn't work anymore. This is a DIFFERENT kind of market.
I notice much of crypto atm today is showing red, while on the ASX, ETF CRYP.AX has turned green @ +6% (so far as asx not closed for day yet). Now I'm wondering whether this will be a heads-up for USA today.
I remember back in the 2017 when the bitcoin meme's and stuff was funny and friendly, now like what the hell is going on: Shitcoiners and maxi's everywhere.
Don't want to be a hopium dealer but we might stay below $60K until after Thanksgiving holidays, then we shoot up? That's when all the fund managers and big money investors try to jam cryptos into their portfolios for year end statements
What are you even talking about? You are clueless. Tesla goes up all the time, the nazdaq corrects from time to time. I think you're a bit foolish.