Watching roger and craig fight it out. You gotta thank the universe you stuck with bitcoin.

Let's face it Bitcoin cash failed. There is more derision and bitterness in that space now than a year ago. The two chains abc and sv are low grade networks dominated by the personalities of Roger (who happily vouched for Mt gox) and Craig who is playing a very week con.

On top of that both chains are dominated by what can only be described as mining cartels. And one such cartel holds over 1million tokens of both chains. I don't think it's possible for the market to absorb those coins without pushing down massively. It's a bigger smoking gun than a potential tether scandal.

submitted by /u/Jyontaitaa
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Bitcoin – The Currency of the Internet

We are in the cleansing phase of crypto – where the alts that should never have had high value are steadily bleeding out. This cleansing is a necessary step to enable the next step up for Bitcoin.

In the past 30 days, Bitcoin is up 7.2% and only 5 coins have performed better than Bitcoin in fiat value change. And of those, only Litecoin has a market cap that puts in among the major coins. All other coins have lost value compared to Bitcoin. During this same time that Bitcoin is +7%, Bcash is -20%, for example.

This phase is a healthy and necessary and welcome cleansing of the market. When it completes, Bitcoin will take its next leg up in value to new ATH.

submitted by /u/bitcoince
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Bitcoin – The Currency of the Internet

Bitcoin is bonkers right now. Here's why you shouldn't count it out.

Bitcoin's price is a moving target. In the short term, the cryptocurrency is plunging in value: from north of $ 17,000 a month ago, it crashed down to around $ 7,500 today. The fluctuations are enough to make anyone wonder: What's going on? In the simplest sense, Bitcoin's price is determined through a …
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