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I would like some type of alert on my phone every time China bans and unbans bitcoin, an exchange bank account is closed, reopened, some new deposit method is added, etc.
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I see some people who forgot to close their shorts are spreading FUD on reddit about the ATM news being faked by the exchanges themselves to sell their coins before the ban.  I don't know anything about this ATM subject and I'm not trying to be bearish but I don't really trust OKCoin - The exchange that was created mysteriously to pump altcoins and has been shown to fake their volume. |
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This looks to me like the $710 whale pattern all over again. If this train leaves without me, fine. I got coins in cold storage.
Except there is no whale this time. It's just China-following. |
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I don't understand this fetish with getting "wall street into bitcoin" anyway. Everytime I see it brought it up, it's about 'setting something up so people can invest'. but 'investments' into bitcoin via buying some bitcoin derivative is not what we need and will not help bitcoin. What bitcoin needs is for every day people to have the ability to buy bitcoins (safely) and actually use them as a form of money on the internet, send them to other users, and use bitcoin's features. Bitcoin is supposed to be a form of money - not some kind of mutual fund investment scheme.
It's the same thing with people on this forum. Everyone is always talking about bitcoin like some kind of "investment". But I thought bitcoin was supposed to be the future of money and payments.
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The distribution of mining is a problem you cant deny that the majority of new hashing power is not coming from the average joe.
Why should it come from the average joe? Was bitcoin purpose the redistribution of wealth and I wasn't aware of it? To prevent centralization, weakness, 51% attack. It also implies more participants in the bitcoin project, leading to more awareness, more investors, and a more robust economy with more services and more paths for the flow of money to take. |
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I would imagine that once $10,000 is broken, people would freak out about it and the hype would drive it to at least $12,000.
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There is no "REASON" for every single movement in the market! It just happens.
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Why is there an attitude that every bitcoin price movement should have something to do with "news"? That is ridiculous.
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It's a 3% movement jesus calm down.
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Can't tell if consolidation or insider trading. *insert fry meme*
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350 BTC dumped on Stamp and no one cares! *cheers*  We'll see. I have the feeling a few people are about to panic. Nah, 1 week ago this would have crashed the market out of its "450s tunnel", but now everyone seems to be like "Well, I'm not selling! Let's wait until the train leaves and jump on then." The trend is controlled entirely by China. I do not agree. Trend is controlled not only by a China - China is not >51% of the market. We follow this trend - it is controlled by ALL of the traders not only by Chinese. After watching the charts in real time for months, it looks to me like Huobi is market leader and it has the exact same role as mtgox had last year. |
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move to another assest
like what, dead people printed on pieces of paper? that sure sounds more stable long-term see, when bitcoin reaches five digits it will be the thing that you sell other things for. you don't now say "if USD reaches 0.02btc, I'll sell all my USD and move to another asset", same way you won't consider your bitcoins as something you need to "sell" - they will be your currency. He said asset, not cash. I can think of some assets that are reliable and perform much better than the USD: -Futures/commodities -Real estate -Real estate investment trusts -Blue chip stocks -Bonds -Small diversified positions of precious metals -Guns You shouldn't have all your eggs in one basket, no matter how bullish you are about the basket. Bitcoin becoming a serious world currency and that is infallible is just a speculation, not a guarantee. |
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350 BTC dumped on Stamp and no one cares! *cheers* We'll see. I have the feeling a few people are about to panic. Nah, 1 week ago this would have crashed the market out of its "450s tunnel", but now everyone seems to be like "Well, I'm not selling! Let's wait until the train leaves and jump on then." The trend is controlled entirely by China. |
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Preemptively picking a number is bad. I sell whenever TA says a downtrend has started.
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Altcoins increase the BTC price because bitcoins are being held by altcoin traders for the purposes of bidding on altcoin exchanges. The media attention and hype from altcoins also brings more new players into the crypto market in general.
The only bad part is the fear that one of these altcoins might eventually get a market cap so large that it steals a noticeable amount of market cap from bitcoin, or replaces bitcoin altogether. But in the current state of affairs there is no such problem.
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Where do you get the figure $1 Million per day? I thought it was more like $1 million per month.
You can't argue against adoption, at any point. Adoption is the only thing that is going to turn bitcoin from a speculation bubble into something that actually has a fundamental value. It's just a weird and unintuitive journey to get from one point to the other. Coins SHOULD be getting spent and not hoarded. Let the hodlers dump their coins into merchants - it's a healthy decline that has to reverse eventually as long as adoption continues, and then it will be much stronger.
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I am all-in Bitcoin .. more bullish longterm than pre - bubble (~$120s).  Never go all in. On anything. Ever. |
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I'm afraid we haven't bottomed out because now my accountants are asking not only for taxes for this year but advance payments for next year so I'm going to have to dump/withdraw more in preparation.
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