Man this thing reads like an intro to Internet in 1994. Bitcoin is traded on its own Bitcoin exchanges and tracked by Bitcoinity. There are 21 million bitcoins in the Satoshi Nakamoto algorithm. There are over 13.5 million produced or “mined” on a blockchain of record. Exchange of hands is recorded by Bitcoinity which showed 3.59 million exchanged hands November 30th week ending. The previous week was 3.68 million. Traders speak to one another on a site called LocalBitcoins which is to maintain their identity and privacy.
|
|
|
|
The 2014 downward resistance line. We broke it once this year, about 20 days ago and then fell right back below. Will we break it again soon?  |
|
|
|
|
Last 3 out of 4 posts were from ChartBuddy. It's officially dead in here.
|
|
|
|
|
It kinda is though. Almost everyone has heard of Bitcoin, "Bitcoin, what's that" "it's like internet money" but that's where it stops for most people.
The internet and social media are great tools for spreading messages to everyone, but with that comes a lot of noise to break through and be heard. Every day there's some new gimmick to try to take people's money away and people become wary of new things.
It's almost like the explosion in the music industry in the last 10 years. You know now you can publish your album and get it all over including listed on itunes and spotify for only $40 with services like CD Baby. Once people hear my music I'll be famous. I can't wait to get on iTunes! But now that anyone can get on iTunes your music gets buried and no one ever hears it except your friends and family... ok now I'm on a tangent.
Anyways, I think a large percentage are aware of this new tool we call Bitcoin, but even a larger percentage have no idea how to use it or what it's capable of. It's actually quite amazing when you think about it. Here it is just sitting in plain view and most won't approach to get a closer look.
|
|
|
|
I bot 500 dolars of bitcoin on circle.com
Holla! with moms credit card.
**FACEPALM** Super excited but hop she dont notise or im screved.
Excited you stole from your parents? Yea she'll notice. You know, people actually have to pay for credit cards. Her payment is going to increase next month, and if you knocked her over her credit limit she'll really notice. One day, when you grow up, you'll look back and wonder why you thought you were so much smarter than your parents. |
|
|
|
500 BTC buy wall up at finex again. It's been happening all day.
Yet another reason why a crash is impending. I mean, now there's really, really no justification for the price to go down at all. Ergo, it's obviously going down. Yes, I'm bored. That wall is slowly getting eaten. I bet they pull it soon. |
|
|
|
|
500 BTC buy wall up at finex again. It's been happening all day.
|
|
|
|
What is your point lambchop?
Governments don't care about people downloading dvd rips on torrent, industry does. And they lobby western governments hard to try and protect their dwindling resources.
Childporn is criminal and should be pursued by the police with whatever powers they have.
My point is jaywalking is criminal too, though governments will not make as great an effort to stomp out jaywalking as they would with something which threatens their very lifeblood--money. Why does such shit need to be explained? Am I talking to a wayward child blowing off school to troll the intertubes? How old ru bro? Jaywalking, child porn, media pirating and bitcoin are all the same... great comparison.  |
|
|
|
Whoever is operating the bot has accumulated 1750 coins already apparently and according to a redditor is throttling the purchases to prevent it moving the price upwards. We are still four days away from the auction. What does someone know?  yea this person/group has some deep pockets purchasing nearly 3 BTC every minute. |
|
|
|
Anyone else watching that bot on finex? It's doing 0.21 (~$80) market buys every 7 seconds trying to keep the price up
Bots are nothing new. They just do what the buyers and sellers should. That is get the best price for a position. Oh yea I know they're not new. I am speculating that market buy bot combined with that 500 BTC buy wall they keep throwing up and taking down indicates (at least to me) some desperation. Makes me think going short right now might not be a bad idea. |
|
|
|
|
Anyone else watching that bot on finex? It's doing 0.21 (~$80) market buys every 7 seconds trying to keep the price up
|
|
|
|
How long after the last auction did Draper actually receive his coins? I would guess it took a few days (if not a week or more).
I thought it was pretty quick, and didn't they send it with zero fee as well? Or am I thinking of something else? |
|
|
|
Sometimes it helps to just sit out a couple of days and kind of reset your timing. Really, not just knowing the market, but having a sense of timing matters. If you end up getting in at the middle of a cycle you can feel like you are swung in all the wrong directions.
+1 Also I agree about the auction leaving a big unknown. It's only 5 days away so I think I'll sit and watch until then. |
|
|
|
Also, that isn't a double bottom in the RSI. It made lower lows with the price.
RSI crossed below into oversold territory twice in a short time period and then proceeded to rise steadily. Double bottom probably wasn't the best terminology but call it what you want, it's still a bullish signal.  |
|
|
|
We will see a recover after the black friday.
Won't we?
Black Friday has little effect on the price of bitcoin... gotta wait until December 4th or soon thereafter.... but NO guarantees anything will happen after December 4; however, less likely any kind of rally will occur prior to December 4. Out of curiosity why are you stating an importance to December 4th? That's the date of the auction for the seized coins. |
|
|
|
Just say "no" to online Bitcoin storage.
Paper wallets FTW.
why not btc insured against theft like circle.com and like money is with banks What if the insuring site is hacked? They can't hack a paper wallet that's never been exposed to the internet. I gotta go with paper wallets as well. I don't entirely trust circle. I'll buy BTC there or Coinbase but then I'll transfer to my paper wallets. |
|
|
|
|
Show Posts
