Maybe a factor, would expecct reduced fud leading to a gradual turn around in the market days.  What seen in the trading is similar to when a government or similar central authority releases unexpected positive news, and the market just presses Buy on everything.

Its as if a million bots cried out in joy. 

I'll be there!

Where? when? why? 

I dont normally pay attention to intra-day trading details however today i happen to be watching the fall and looking like 8000 was going to collapse (Gdax went all the way down to ~7500).  But then...

Around 12:45-12:50 GMT the markets reverse.  And i dont just mean Bitcoin, everything reversed for 15-30min, with double-quadruple the volume of the previous 15m period.  It was like a switch was turned on and everything just went from sell or sideways to buy, buy, buy.  That isnt very normal, not without an event and even then you expect a ripple through the different markets as one rises and sentiment cascades across.  Or is the market that irrational, was there some news I have seen, i'm open to conspiracy theory too.

Anyone know?

Lol, my first thought to the post was "which chart are we looking at".

I've been watching the market this morning, and on Binance it was hovering above 8000 while on Gdax well below, ~7500... then boom a massive shift north at 12:50 put Binance up 500 in about 3 minutes, Gdax catching up now.

Charts count for crap when two exchanges are over 10% apart.  Sailing up to 8800, morning resistance and downward trend very broken.  Is that the support or just another dead cat bounce?

Sounds like the "got lucky after months of trying" strategy.

Yeah the KYC was unusual information and when I left it incomplete, came back and it was withdrawn! Bit odd.  But they have other money so they aren't worried about one persons problems.  I could have started again with another email, I err'd against it.  Reckon a lot of people think they've signed up to the next Binance, my view is the constraints they've put on their trading makes it a less appealing platform.  Hey, they'll make money either way, and the coin will give some return, so im sure it'll be OK for buyers.

LOL, yeah kinda steady go down with no signs of support or recovery

You should look at LBRY, TAAS and ECC

Aaarrgghh we're doomed.

I've concluded its the collective inward looking, self generated fud from with cryptosphere.  People are becoming obsessed that the world wants crypto to fail, therefore any "news" that isnt overwhelmingly positive is treated as a negative.  In fact even positive news, say McAfee promoting a coin, is given a negative spin.   People are expecting failure so react to news with selling and fear, creating negative sentiment.  Maybe because too many don't dont really know whats going on, and in the vacuum of knowledge uncertainty rules.  Bitcoin will ultimately fail under the weight of its own expectation.

You dont understand how taxes are collected, do you?

No it isn't. Will cryptocurrency provide law and order, defense, education, roads, healthcare, social security, etc?  No, so there is no threat to government. The banks are more concerned with providing credit, they'll not like to lose a small revenue from money transfers, but it is only small, so crypto is not much threat there either.

I do not accept this as it is not a fact.  *Most* governments have so far done little against bitcoin and only action is to declare how it should be treated within existing frameworks, i.e. current tax law.  The cryptosphere appear determined to create an atmosphere of us and them, because some people within this group see it as a political anti-government cause.  So far governments have, aside from a few regulations well short of prohibition, let it be.

When you use Credit Card for cash, at a ATM for example, they charge cash advance fee.  When you buy bitcoin you are buying money.  The credit card companies just agreed with you, they see this as a cash advance.  Embrace the acceptance.  

Because bad news sells.  Claims its FUD for market manipulation is FUD.  Its far easier and more profitable to spread rumors to rise a price than to lower it, so dont believe the conspiracies.

Recover from being over-hyped and overbrought?  I think it is, I'm afraid that means the price is going to go down.  It has gone beyond expectation the future benefits are some way of if even delivered.  Like so many coins recently the hype had nothing behind it, just rumors and dreams.

Very poor conclusion, I dont see there is a direct link between his statement to look into blockchain and the decision to ban ICO adverts.  One is a R&D subject, the other a commercial decision, with possible legal input.  

I dont think people realise just how close to the wind most ICO are sailing for US regulators  Normally IPO stock raising has to jump through many hoops and their prospectus are dominated by a list of risks and threats to the business.  Contrast to ICO where i dont think i've ever seen a risk highlighted, they are sales brochures and if lucky a competently compiled technical description of the system. They are most certainly illegal in the US, hence all the "you cant participate if a US citizen" and Facebook have taken the view its not worth the risk the SEC come after them for advertising.  

Meanwhile the Zuckerberg wants to look at how to utilise the technology.  

This is straight forward, there is nothing against bitcoin and crypto here, they are applying the same rules that already exist for other trading.  What, you thought you could trade with non-cash goods and that wouldnt have been exploited for decades?  Have shares and trade for gold, or vice versa, no taxes to pay?     Of course not.  Your country wants you to declare your earnings, income, profits, and pay tax on them regardless how you made them.

Means they have $1.6billion more than any other coin.

 

If people really think losing some advertising on Facebook has a massive impact to crypto, then its not in a very good state.  ICO should not be a consumer product to be sold to alongside holidays, deodorant and betting.  It will raise the game of ICO that will need to focus on attracting those that understand the technology and hopefully reduce the outright scams.

I was interested in this project but that "usability" piece has put me right off.  Exchange users have to use the token?  Other exchange make an incentive for the use of their token, if i don't have any i can continue to use the markets.  By making it a requirement it limits the trade.  Disappointed.