This is insane!
Why? This is just the beginning. |
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And food. The west produces food. In abundance.
The food West produces is heavily subsidized. It is not competitive without the money printing press. 80% of the food West produces is corn and soybeans. The huge variety of food in shops is just imaginary as it has only 2 base ingredients - corn and soybeans. |
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Bitstamp continues to bleed and sell cheap bitcoins.
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Beautiful! Panic buying and selling at its best. Caused by fear and... more fear! I think one of the major exchanges will go belly up.
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To me it looks a bit like the west tries to keep the price below $500.
The West is selling everything they have - factories, plants, jobs, gold... Now they sell their bitcoins because there is nothing left for sale and they need to eat something. The only thing West still produces is Western values. Everything else is already in Asia. |
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Correction time, nice dump on BTC-E...  You can't fight the dragon by throwing peanuts. You just make people laugh at you. |
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Coinbase is insured against theft and electronic compromise in an amount that exceeds the average value of online bitcoin it holds at any given time. Specifically, Coinbase's insurance policy would respond in the event that bitcoin stored in Coinbase was lost or stolen as a result of a breach of our physical security, cyber security, or as a result of employee theft.
Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher).
This insurance policy does not cover damages resulting from a specific user's loss, such as the losses resulting from a compromise of the customer login credentials. Coinbase's insurance also contains standard policy exclusions (e.x. force majeure). Should information regarding this coverage materially change, we’ll update this and other relevant pages in a timely manner. As we know riots and strikes are included in the standard force majeure clause. Can a dramatic rise of bitcoin price be interpreted as a riot against government fiat money? Or the choice to use only bitcoin instead of fiat be interpreted as a strike? How is Coinbase insuring customer bitcoins? Is it by FDIC? Who are the underwriters? |
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Any idea why Coinbase is trailing so much behind compared to Stamp and Finex?
Following BFL and KnC bankruptcy path. |
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The bitcoin price is still rising. The Etheruem price in bitcoin could drop further, but the dollar price could be stable.
And eth price in Zimbabwean dollars could be rising. |
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Very strong spam attack started against the network but faltered just in about 10 minutes. Bitcoin is getting stronger every day now. Thank you, Core devs!
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Governments should ask themselves the question whether they want cryptocurrency to be underground or not. Whether or not you regulate / ban something people want or need, they will get it.
Unfortunately, most of them can't understand yet that it is not possible to regulate bitcoin. If it is somehow possible, this 'regulation' will have nothing in common with the way legacy finance/banking system is regulated. Money will be separated from state. This separation won't be less violent than separation of state from church 5-6 centuries ago. |
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Calm down, guys. This is just the beginning of a multi-months bitcoin price appreciation. Use pull backs to open fresh longs with comfortable level of leverage.
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i never understood all the hate. knc was at least trying to keep western companies in the race.
I can understand this hate. From the very beginning of their operations KnC copied BFL practice to scam their customers! |
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Hopefully, they won't drag XBT Provider ETNs down with them. If this comes to pass, the loss of investor confidence in all future bitcoin-pegged assets may be devastating... So far, they claim that all the ETN funds were fully hedged, but who knows: http://xbtprovider.com/lang_en/newsThe entire KnC Group declares bankruptcy. Bullish! |
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Explain to me the mechanics of paying off a bitcoin ransom for the case in question: “Elementary, my dear Watson”. One group of criminals pretending to be another group of criminals. |
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>$1000 by the end of June!
That's more than 50% increase in ~5 weeks. I'm bullish, but this is wishful thinking imo. With fingers crossed and 10x holy mary we may see 1BTC/$1000 at the end of the year on a sustainable basis. It won't be on a sustainable basis. It'll be panic buying on several steps. Lot of efforts were made to contain appreciation at $450. Lots of bitcoins were sold out by people that were selling other peoples bitcoins. Now these bitcoins have to be bought back but at higher prices |
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>$1000 by the end of June!
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There are a lot of people though selling their BTC thinking that this is quite a good price to sell.
I've already seen this repeating during past years. Those are kind of people that will end up as bitcoin haters and will switch to altcoins simply because they have no bitcoins left. |
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If ETH is such a shitcoin why do you care?
I don't. Pumpy is shitting all over every bitcoin forum hoping that people will switch to eth altcoin. And we see the result today. LOL |
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meanwhile, bitfinex shorts have increased in the last 24 hours
So, we really go +$500! |
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