|
I really don't get it. Why someone with 10K bitcoins would dump them with 10% loss at 7400 when they could sold at 20 000? Who are these people? Playing with futures or just morons enjoying losing and making everybody sad. May be the silk road admin or some other criminals. And what will they do with the cash? Bury it in his yard, then gets arrested and hangs himself like the alpha bay admin. I curse these peoples with all the evil to them and their families! In Jesus name, amen! We, the honest hodlers will prevail and rejoice for ever!
|
|
|
|
|
I know that all experts say that ethereum pumps are only because of the icos. While they have some part of the pumps, this is not the full picture. I would say that 20% is due to the icos. The remaining 80% are periodically provided by the minig whales. These guys with huge mining gpu farms know each other and they meet regularly. On each meeting they decide how much of their wealth they will spend in a certain short time interval to cause a significant pump. Typically they spend 10-20% of their usd reserves to cause 5-10x and more increase, so they can sell all ethers with a huge profit. Rinse and repeat in 6-10 months intervals. (1-6$, 6-12$, 12-20$, 6-450$, 300-1500$). Will there be one last pump? I don't know. I am a small home miner, so I will hold and wait to see if my last ethers will be sold higher than now. With the decision to lower the price from 3 to 2 ethers per block, many miners will leave for ever. The remaining will leave with the diff. bomb when switching to POS. Some more experienced miners told me that other coins switching to POS didn't do well at the market. No miners means no support levels and no firm bottom of the price.
|
|
|
|
Going south again  Bob, show us your 'genious' bitmex rekt liquidating longs/shorts pics.  |
|
|
|
From twitter:  Are we in a bull market yet? |
|
|
|
https://bitsonline.com/ether-2-eth-block-reward/Devs agreed on 2 ethers per block reward instead of 3 as it is now. This will happen with the coming fork in October together with a delay of the difficulty bomb by a year. Last November happened something similar, if I recall correctly. Then the reduced time for a block compensated the miners, so we got the same profit at the end. I hope it will be the same situation this October, or else the mining will end for those with expensive electricity.
|
|
|
|
I think we already have one - zclassic. It's developer (remember the bcash shill that stole a tank not long ago) forked to btcp and left zclassic without dev team. The coin rose almost 1000 times before that just to be dumped to almost zero after the fork. Btw, bitfinex has issues with one of its servers: https://twitter.com/bitfinex/status/1035544829034471424As a result the price went up 1%  Clearly these traders hate bitfinex. May be they ddosed it so it can't dump on them. What a coincidence - at the same moment when CME futures closed  |
|
|
|
 Are we at the reversal point yet? The funny thing is everybody is talking about bear patterns, but the falling wedge is generally considered as a bullish sign: "The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam... In a falling wedge, both boundary lines slant down from left to right. The upper descends at a steeper angle than the lower line. Volume keeps on diminishing and trading activity slows down due to narrowing prices. There comes the breaking point, and trading activity after the breakout differs." https://en.wikipedia.org/wiki/Wedge_patternhttps://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal |
|
|
|
Why's Bitcoin just pumped up just to $6500? Was it because someone bought some coins, or was it a more profound reason?
FTFY |
|
|
|
|
With this price, asic miners and coming POS instead of POW, ethereum is losing the decentralization provided by the gpu miners. Since the older cards are no more profitable, many rigs are turned off, probably for ever. And POS never worked well so far.
|
|
|
|
Regarding some people posting pics of https://twitter.com/BigRekts. There is quite a discrepancy between their tweets and the other known account https://twitter.com/BitmexWhale. A lot of contracts are missing on bigrekts (deliberately or not). Despite my efforts to explain that this is a trade of futures contracts that follows the price, some people continue to delude the others by using bigrekts data that some massive sells are the reason of the drops of the price. I don't see how a trader in bitfinex/binance etc. can be interested in the trades on the futures market in bitmex or CME, CBOE, Okex. The rule in the futures markets is when the Funding Rate is positive, longs pay shorts. When it is negative, shorts pay longs. I see no drama in this. But I noticed some active posters in the ethereum and bcash threads to come here and post doom and gloom pics of shorts of bitmex. And of course, some non informed people believe them especially if they pretend to be a long term 'respected' bitcoin hodlers (although nobody can garantuee that the account is not sold to a troll). |
|
|
|
This thread is beginning to really annoy me lately  (A dozen or so pages back) I put HM, mymenace, r0ach, etc. on ignore long ago. I thought that picture is funny. Not as much as your fake bitmex rekt pics of course. But hey, not everyone is wise enough to manipulate the people by posting gloom and doom fake rekt twitter pics, each time bitcoin loses 1%. I know that you are a bcash shill but nothing can stop that shit going down, not even the almighty Wu, not to mention your lame efforts  P.S. You definitely deserved putting you back on my ignore list |
|
|
|
Geez, Coinbase pump bart style  |
|
|
|
Another difficulty increase today. Between 7 and 11%, I am not sure how exactly, sites report differently. Somewhere I read that bitmain tests with new chips failed, so he will continue to sell s9's. But who will buy them? Even with 0.03$ electricity, there is rent and other costs. The profit is below 1$ per asic now if there is any at all. This of course will put the ROI at the very distant future. If the saying that price follows hashrate is true, we might expect some sick pump later this year. |
|
|
|
We are just stuck at 7k. Blah.
Off to Vegas for some fun and excitement!
I'm in long now. Buy couple hours ago at 6911. So nice profit I think 17%. But what doing now I don't know. Short or long? Maybe someone here knows. If you think from 6911 to 7050 is 17% you need to return to school again. Or tell your mom that instead of buying breakfast you are buying bitcoin |
|
|
|
Actually, bcash lol needs help, it keeps falling and falling and... oh, wait, you are bcash troll, no need to explain it to you. bcash, meet $200, and $200 meet bcash lol |
|
|
|
|
Show Posts
