lol crazy talk... anyway. I'd bet the bears dont have a good plan for what to do if prices goes up. resistance at 945 will be weak  They will probably turn bulls on the west exchanges and find ways to dump on the east ones!  |
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FUD is always perfectly timed, isn't it?  Because a surveillance system implemented in any exchange implies a sort of insurance that the government is giving bitcoin. Meaning anything that could happen to the money of the people in that exchange will be protected or excessive measures will be taken to ensure the well being of their users.  But it could also mean that China government will pick up the tab and will try to minimize the dumps when crashes happen and BTCiTcoin will not depreciate more than 10%, less than that with time or keep it going sideways till there is more real price discovery by real new buyers and not speculators that just throw with cash at the screen to artificially pertain to the illusion that some might actually "buy in to the new world" per say. lol imagine the size of THAT bubble. it will create a weird thing. Imagine CNY bitcoin being 1000$ more than the other exchanges. That will certain force or make people more attracted to China. And they will try to get money out of that country through certain ways or methods... in consequence that will devalue their currency and boost their economy by forcing people going trough loops. Because after they take profits once, they will want to come again and take at a higher price. Meaning that China will probably not care too much, because they will print money like hillbillies. And ultimately you will end up making some investment in gold/silver in China with the profits or some will open their own business that they will try to expand them outwards China to be able to draw in profits towards and outwards of China in a more legal fashion.*edit: That will also make Chinese exchanges more appealing to westerners since there will be an incentive for insurance of the price. And that for China means attracting new investors to boost their economy through an inflationary currency system. And probably ultimately with time making their currency obsolete after that much devalue and moving 100%(or at least 90%+) of their economy in to BTCiTcoin! *edit2: Meaning that they can devalue and store wealth without a loss of wealth after devaluing against the dollar or euro with their trade partners where they need to be very competitive to assure the same percentages of exports outflow, to keep the factories going, people working with a stable job, etc... *edit3: Or they can export themselves the outflow of capital of that stored wealth for when they need to buy something they can't buy with their destroyed/devalued currency. Like food in need for their people. Did you knew they have so many food shortages there in China?? ... like for example sunflower oil, olive oil or any kind of more exotic types of cooking oil is expensive AF!!! ... Why do you think they boil sh!t up that much?? |
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FUD is always perfectly timed, isn't it? Because a surveillance system implemented in any exchange implies a sort of insurance that the government is giving bitcoin. Meaning anything that could happen to the money of the people in that exchange will be protected or excessive measures will be taken to ensure the well being of their users. But it could also mean that China government will pick up the tab and will try to minimize the dumps when crashes happen and BTCiTcoin will not depreciate more than 10%, less than that with time or keep it going sideways till there is more real price discovery by real new buyers and not speculators that just throw with cash at the screen to artificially pertain to the illusion that some might actually "buy in to the new world" per say. |
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Meanwhile, it's very difficult for them to stop use of metals no matter what the law is.
What attribute do you believe monetary metals possess that is not possessed by cryptocurrencies? From my understanding, crypto is the better bet. After all, we can hide an unlimited amount of it in secure fashion. The best bet in the long run is determined by whatever you believe makes up the base of Exter's pyramid:  I personally don't see bitcoin occupying the same bottom slot as monetary metals so it would have to be one higher on the same level as fiat. We live in a closed ecosystem and the blockchain for metals was created by two neutron stars colliding, so unless you can replicate that, it's not very easy to tamper with the metals blockchain. People spam the word "anti-fragile" for Bitcoin, but it's just not in the same category of security as requiring two neutron stars to alter. As you can see, Exter's pyramid is mostly a scale of real anti-fragility. People like Bitcoin because they look at it as a free money tree of upward growth. Assuming the market cap had topped out on both metals and bitcoin and you were forced to go all-in on one, which one are you going to pick? The aggregate market will likely gravitate towards the most anti-fragile solution in that case if the upside is tapped out. The only reason people hold Bitcoin instead is because they believe it can have higher yield in the short term as a speculative instrument. Since less than 1% of people own metals, and even less own Bitcoin, they both have a lot of speculative upside. It's all about measuring the risk and upside vs one another. Metals do have huge upside of probably around $5000-$20,000 for an ounce of gold and $166-$1333 for an ounce of silver in current purchasing power. This would be an average of a +10.6x for gold and +45x for silver. This means Bitcoin needs to have greater than a 10-45x upside ($8840 - $39,600 per coin) for you to consider it since the risk is higher. To flatten out some of the noise here, let's assume partipants are 50/50 gold silver split and give you a +27.5x gain. In that case, Bitcoin would need to have upside potential of $24,200 per coin to be worth holding as a long term investment and not day trading (as of market prices today). Without Lightning network or a block size increase, I think Bitcoin might get stuck in the $10k-20k range. So you have these two variables in bitcoin throwing a big monkey wrench into what potential price can be. Anyway, as you can see from my numbers, it is difficult to advocate a 100% all-in position on Bitcoin with 0 metals even if you are a crazed gambler seeking maximum yield. If you fall in that category of seeking max yield while still having some type of safety, you would likely be something like 50% metals 50% bitcoin at most, or even 70% metals 30% bitcoin due to the risks involved. (Notice I did say you need to be a crazed gambler to have 30-50% of your money in Bitcoin). You can mine the sh!t out of it! ... BTCiTcoin is NOT! And there is the problem that gold has other properties and values for other industries. Meaning there will not be enough to make it usable for the casual currency debacle. While on the other hand... BTCiTcoin multiplies by itself. And I will give you an example: "in the future when the price gets stable, the only way for bitcoin to go is up or sideways. And in a normal supermarket/wallmart ... one day you will have some prices and in the next day you will have lower prices, the store gets paid something that will rise in value while the prices drop every day, meaning the unstoppable rise of the value of money will make bitcoin a consumerism currency. Because each day prices drop and it encourages you to use/spend more!" Its like 1 chocolate or a bar of candy will cost 10 times less the next year or in 2-3 years depending on inflation of bitcoin. And on the long term... in 500 years some planets will cost a few bitcons themselves, so basically you will mine all the gold you can want from those planets. |
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Closing the daily above 900$ for a green candle would be very bullish imo.
You were saying?  Short but green nonetheless. Bullish indeed. I think it will be 5-10$ per day from now on... I won't be expecting BTCuLLdozers with fireworks yet. Or at least not until the Chinese new year! Cuuoocooo!!  |
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Hey guys, I just registred right now, before i was some kind of observer of the observer thread  After the actual crash i tried to keep cool. I'm not some kind of big investor. I "only" hold a few k in BTC actually. Anyway, after the coaster ride between 920 and 970 I thought it will go straight up soon. But we dropped under 900. Because I was wrong and never expected the under 900 drop I have had no fiat ready to buy some coins. I really regret not having fiat ready to buy some more coins at this time. In my opinion we will be on our steep rising again in only a few days. The green candles are becoming more and more. Meanwhile I keep hodl my coins. From my view a lot of people are to emotionally, I mean you may have "earned" 10k in BTC in the last weeks. And what is the situation now? You will still have a profit of about 5k. So keep being rational.  Sure... why not?... Welcome to the propaganda channel!!!  |
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That ask side is looking pretty big and growing. What does that indicate?
I'm contemplating on buying more... but the bank transfer takes 1-2 days.  |
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Too much of coincidence it hit 8888 on huobi just before sliding down.
They are a gambling nation... Some bought in at 8888 because they thought it was lucky.. and some sold at 8888 because it thought it was lucky! ... Its just the usual, casual chinese nonsense! Chinese logic! $Cha-Ching! $Cha-Ching! |
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What a shocker that whole rise was a manipulation by China, right?
Time to bath in bull blood.
I think in ancient norse gods times they used reindeer blood... Too bad Rudolf is contaminated with radiation now from Chernobyl... |
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Another horror story about bitcoin for the Chinese people?
Yep... they seem to want to control the world. Well... I guess they will have to be pleased for now with d!ck! Also I gave up on re-posting that 'quote' of that spammer guy. Somehow one/multiple of the moderators even if they/he/she/it is not bribed by the Chinese gov... dunno.. I will member this!
Or just maybe they are nazies and consider the chinese an inferior race... |
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Oh great incantation of ancient spirits...
Answer me!!!...
The spirit of Adam wants to speak!!!
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ihihihihihi!! Damn son..  Almost parity! LOL! ... Soon..
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So, remind me again how many Bitcoins Satoshi is supposed to have mined/owns?
Satoshi is believed to own about 7.5% of the entire bitcoin inventory, it is roughly 1/13 of all coins. [...] You derided people for "Spewing facts randomly" - Sundark said "is believed to" and "roughly"... hardly stating fact. [...] And for what I'm concern the guy maybe wants to build a pyramid with that money? Why should I care? He created it, he got a share of it, he has got his well deserved due diligence for the gift he offered to the world! |
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So, remind me again how many Bitcoins Satoshi is supposed to have mined/owns?
Satoshi is believed to own about 7.5% of the entire bitcoin inventory, it is roughly 1/13 of all coins. You people keep spewing these facts "randomly" but for me they are irrelevant! ... "Satoshi" will not dump! And I know that for certain because a person that would invent something like this is someone striving for power and he/she is always in a permanent conflict of good and evil, right and wrong or light & darkness. A mind that can do both, a mind that has the power but doing harm or not depends on the circumstance. And I don't see from his/her perspective that doing harm or well being to others or to the world would be something that would leave any feeling behind after said action is performed. He/she seems to be a logical person that seeks a higher power of being. |
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im looking at the charts to find the next support..?? the rally messed up my charts. need to find pre rally support i guess..
It seems like somewhere between $900 <-> 925$ ... it won't go below that. *edit: But I'm not sure you should expect that. Cuz now feels like the 'coins' are cheap and you should buy if u didn't yet. Lower than $940-950$ is a 'tryhard' wishful thinking. |
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Looks like $840 is coming up...  |
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