Wow a 15000BTC sale brings the price down for only several hundreds? Bullish!  That is exactly the amount sold from 6600 to 6200-ish in Bitfinex. The price looks stable for now, only 5% loss is no big drama. It looks more like a bear trap to me. Of course, I agree that this year so far was a bears shitshow. All these people clearly have little faith and patience (or at least they had before but lost it now). But sooner or later the selling bears will dissapear. Let's hope this was the last bear selling at 6K range. I clearly remember last year how many people sold thousands of bitcoins when the price was below 3K. Now it is a rare thing to see a sell above 1K. In the next years probably we will be talking of hundreds-bitcoin-whales, then tens-bitcoin-whales  In gloomy days like these, I try to imagine where the price will be in 3, 5, 10 years? There is no need to wreck my nerves by these short dips. If I just hold, I will become a millionaire way before my retirement. So, instead of selling, I prefer to buy moar bitcoins with my pathetic salary. Who knows, may be we will see new ATH sooner than expected. I don't want to be on the wrong side when this happens.  Yes, I have faith that I will see it and enjoy it with my full stash intact by these shakeouts!!! |
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I think our only alternative is XRP-STAK if you got the older GPUs unless Claymore decides to rewrite the algo for XMR.
Problem with XMR-STAK is that I can't get it to work properly. Basically I get horrible speeds with XMR V7 and when I add more threads, it basically crashes the rig entirely to the point where you need to do a cold reboot.
Seems it works better with the RX series and Vega's but the Radeon 7970/280X it runs horrible. Its either due to the DAG thrashing with the 3GB memory or maybe due to me not having enough system memory.
Have you tried any of these miners: SRBminer and XMRig? I've read that SRBminer is good for R9 390's. I tested it on my main computer with default settings 580 and it crashed the system so hard, that for awhile even BIOS logo wasn't displayed. Thankfully, I have some experience with overclocking my CPU and I know that the mobo can restart 10-20 times until the voltages are adjusted, so I didn't panick (much). I am afraid to test my rigs now, since I have not enough time to battle the crashes, but here https://bitcointalk.org/index.php?topic=3167363.2220 are reported some nice results for CNheavy. |
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From twitter: "Very bearish today. If we break 6550 expect to see 6549!" |
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This will be Rosewater and all weak hands look, when Bitcoin recovers and reaches new ATH's.  I know that 6 digit price looks impossible now, but in several years it WILL become reality. Bitcoin is here to stay, for sure. With more and more Bitcoin atm's, there will be no need to convert to fiat. |
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Some people still believe they will make big money if Bitcoin falls under 6K. It is too risky to count on that, knowing that bakkt will start in November. May be those who sell now are unaware that this is as big as ETF. Every contract will be settled by actual buying of Bitcoins and thus eliminating them from the exchanges. Anytime now the CFTC approval will be issued (a mere formality, since it is about ICE+Microsoft+Starbucks not some small exchange like Gemini). The news will trigger the next bull run. So shorters, think well before you short!  |
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^^^ The bear trolls are getting nervous. Their dream of getting cheaper coins is fading away like a morning mist. Soon the good news for BTC will shine like the sun in a warm summer day. First, the news of CFTC approval of bakkt (backed up by ICE, Microsoft and Starbucks) will send the prices above 10K. With such big exchange like ICE actually buying and keeping BTC's in custody, the future of BTC will be bright for many many years to come. Unlike shitcoins that appear and dissapear randomly, BTC will be an eshablished product on the world exchanges like ICE and NYSE. For many investors this means they can save their BTC's or ETF's longterm for their retirement plans. I will definitely keep at least 1/3 of my current BTC's for 20 years until I retire. By then the price will be astronimical. I intend to buy a nice vila at the beach, but instead of selling my BTC's, I prefer to buy partly with a loan, so I keep more (like 2/3 of my BTC stash). Of course, if we are lucky, BTC may reach new ATH's this year, especially if CBOE ETF is approved. The chances are not 0% as some people think. The fact that SEC changes the tone from the FUD that the market is manipulated to statements like: "let the comments say if this is so, we can't decide", means that we are close to such approval. We'll see about that later this year, of course. |
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BTC position is shaken.
You are very delusional my friend. It seems that most buyers today didn't learn the lesson of this year xrp crash. Several days pump followed by 9 months of dump nearly 99%. In what universe BTC is shaken by XRP?!? The truth is that he owners who a multi billionaires spend regularly a couple of billion $ to pump the price. Of course, they match the pumps with some fake (so far) promises that some unkown bank will buy some unknown quantity of xrp. It's time to get back to the ground people. This reminds me of POT and ZEC which were pumped to the moon and then... booom! |
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So, SEC delays again the ETF and we have a pump? Nice! 6500 again. Smells like an open season for bears hunting! Go BTC, go!
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https://dailyhodl.com/2018/09/19/bitcoin-btc-price-analysis-a-move-after-the-vaneck-etf-decision/"I am biased to the upside with what I am seeing at this point. My best guess for a major move to happen will be after the VanEck ETF decision by the SEC this month. I imagine we will have a similar reaction to when the other ETFs got sidelined. Nothing will happen after the announcement, and then we will move up. There is no reason the SEC would approve the VanEck ETF at this point and it should not be a surprise to anyone that it gets delayed. If the market rockets down after that ETF gets denied it will be a clear sign of either manipulation or stupidity. In my view, the only surprise should be if this gets approved. Otherwise, the SEC will kick the approval down the road as long as possible because that’s what they do. Happy hodling."
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You know that the bears have no control when they attack for 10th time 6k support and nobody here gives a shit. The spent Bitcoins on Bitfinex is only5K, compared to 40K in the previous 7k to 6500 drop. Haha, bears, you are fucked! BTC for ever!
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Ripple is a good speculative coin. Today ripple showed very good growth and I had a hope that this project will give me a good chance to earn.
It's so good speculative coin that some people are talking about XRP being number 1 of the cryptocurrencies and that prices will be $500! Definitely if this happens, the world will be inside out and basically will kill the BTC! There are future XRP distribution programs for people and of course, people like inflation coins and still for free. It's a funny situation. ...
In my opinion based on my experience here in cryptocurrency industry , ripple will be the next ethereum in the near futire because it has potential like ethereum have been before so I think in the next couple of years its price will reach near $1000.
These 2 posts made may day. I laughed with tears. Guys, ever heard of market cap? If not, I will tell you - multiply 100 000 000 with 1000 and you will obtain $100 trillion marked cap. How do you think? Is this realistic? LOL. Bitcoin may reach 10 trillion cap in the end, after eventual ETF and 1 or 2 halvings. XRP never was nor will be with market cap greater than Bitcoin. Of course, the owners are multi billionaires, so they can pump xrp with some announcement that some bank will use it. But who can be sure of this? What if the owners die or cash out and abandon XRP? Then the crash will be big. That is the problem with the altcoins in general. For that reason ask any early Bitcoin adopter how much XRP they own. There are only 2 answers I got - 0% and 1% of their crypto holdings. I am an open minded Bitcoin holder and miner, so I also bought with 1% of my BTC at the price of 0.28. |
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Any light desktop wallet for this coin?
Everyone understand what i was talking? The second market cap hasn't any light desktop wallet? are you kidding me? Also look into ARK for that! There is a light wallet that called Exodus but it's not open source. I am looking for a open source and reliable light desktop wallet. For example: Bitcoin has so many light desktop wallets like Electrum but i couldn't find a such thing for Ethereum. Jaxx is good and used by many altcoiners. Not an open source but if you are paranoid they can steal your coins, the full code is visible on the website. |
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So what happens now ?  Now we fall... Or just a bear trap. This is a classical falling wedge pattern btw. https://en.wikipedia.org/wiki/Wedge_pattern"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. " Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making. I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected! If we break out to $10k+ very soon, we're probably not going to hold that price point for long. It would most likely lead to lower lows (sub $5k). I'd much prefer we go sideways for a while. Sub 5K is too much. Even now the miners are with a very slim profit. At 5K only those who have free electricity (may be less than 1%) will have any profit in terms of cents. Once we are out of the falling wedge pattern, the trade differs of what we've had before. So even if we don't hold 10K for long, the correction will not be in the 6K area, but much higher - say 8K. Then the upward trend will resume until the next resistance and so on. |
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So what happens now ? Now we fall... Or just a bear trap. This is a classical falling wedge pattern btw. https://en.wikipedia.org/wiki/Wedge_pattern"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. " Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making. I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected! |
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I didn't have the guts to gamble even 10% of my play money by shorting Eth, even if I value your hunches. When I get a fit and try to day trade, I'm always late, so it's a "control the losses" kind of game. Not entertaining at all for me.
Hahaha, this is so me! +1 merit |
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there are no prerequisites for growth, after such a rumble the recovery will be epic
Traders and holders went through a nigtmare in the last 6 months. There may be some recovery in the coming months, say to 400$-ish, but the scare of the last crash will delay the recovery to 1000$. Many weak hands lost too much money buying at 1000-ish and selling at 170-ish. They will not reenter again above 400$, for sure. Besides, there are not many new icos on the horizon and the miner whales are not motivated to pump the price, because of the coming POS. |
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So many newbie accounts and legendary accounts (sold to trolls of course) with doom and gloom posts. For those FUDsters telling us how Bitcoin will go to 3000K and lower: Tell me one reason even going there that I should sell now, knowing that it will come back to 6K in less than a year for sure. Who knows, Bitcoin may reach 10K or 20K again while waiting to go lower and getting less Bitcoins at the end, than I have now. I've been there 2-3 times already and as a result I have half of the bitcoins I should have if just holded. So thanks, but no thanks. I will hodl even in the most severe bear winter.
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Why does the price drop so much? Can someone tell me that? IS THIS THE END?  People are mostly selling their ETHs because of the bitcoin price crash (they want to rebuy at lower price). Not only ETH but the whole market is suffering. Actually, if you check the market dynamics, eth drops preceeded bitcoin drops. In other words, people are selling eth for bitcoin (on exchanges without fiat withdrawals like Polo, Binance, etc.) then cashing out on other exchanges. So the last drops of bitcoin are due to the eth crash! If the leaders of the project say that it can go to zero, then nobody will believe in it any more. A huge mistake! "In a lengthy Reddit reply, Ethereum’s co-founder Vitalik Buterin refuted that argument, stating that while possible in theory, the extinction of ETH is highly unlikely to happen, pointing at two imminent changes in the Ethereum protocol." Read more: https://bitcoinexchangeguide.com/ethereum-price-is-going-to-0-if-no-blockchain-protocol-changes-are-made-vitalik-agrees/https://cryptovest.com/news/bitcoin-core-dev-claims-ethereum-eth-can-go-to-zero-vitalik-strikes-back/ |
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