rpietila, out of genuine curiosity and my lack of expertise, how does Fibonacci analysis take into account psychologic factors, like the investment "memory" in picture below (which IMHO looks a lot like the 2011 crash): What's your take on that? Not to point out the obvious, but BTC isn't following that trajectory.
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After the fact -> because of the fact. I spilled a quart of milk in my kitchen once. A month later, BTC prices doubled. ∴ Next time I spill a quart of milk, go all in.
Keep us in the loop on that one. Or do it on purpose. Thanks. Got Milk?
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I'll say this, a coin that (a) goes up 8-fold in 10 days adding $100M to its market cap and that (b) can't be shorted is (c) a prime candidate for a crash. Hired the ETH marketing team.
lol.
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It was mentioned here at the time. It does tickle me that after encouraging Karpeles to conceal the loss and attempt to cover it, Jed McCaleb went on to create Ripple, the in-bed-with-banks ledger...
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It's no surprise really. The DAO was attacked and lost quite a lot of ETH funds. I'm more suprised as to why the price has not fallen even more right after the attack. But a lot of people (me included) speculate that it's the insiders of Ethereum that are trying to support and maintain the price after the big recent dump. And they should in order to protect their whole investment in the platform. But how long could that really last? Ah, the Polowhale. That entity can't be doing too healthily. Messing up the soft fork does seem pretty amatuer hour.
I am amazed that so many people are happy to invest large amounts of money in something that is consistently being shown to be flawed and/or a scam.
It's laughably amateur, but only the slow decay of price will break the spell for some folk.
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It lost about a third of its value in one and a half hours. That's a massive crash and anyone who bought at the top must be frantic with worry that it won't go any higher. It has a 24 hour (and all time) high of 2798 sats, and it's gone down to 1932 sats as fast as lightning. Fair chance of a bounce @1900 sat methinks. Failing that, looking @1300 next.
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Award for the goofiest name for an altcoin goes to...
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The mining-halt argument is based on the fact that it takes 2016 blocks (about 2 weeks normally) for difficulty to change. If income were to drop sufficiently, then miners would drop out, which would slow block times, which would lead to lower income, more miners dropping out, lower incomes still, etc, in a vicious cycle that would drop hashrate to zero before the network had chance to retarget.
I don't consider it a threat. Some of the big Chinese miners are running at near-zero running costs, as mentioned, plus miners with higher costs can do what miners in the real world do and hedge their output. Furthermore, by my calculation, there are only 1344 blocks after the halving before difficulty is retargetted.
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It is an act of self-harm economically speaking, but so what? This little ship has set sail, and telling the shadow of your son the same arguments won't bring him back.
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That fissure was less than a 4 % margin. Their currency dropped by 10 % in the first day. How much stomach will they have if it drops another ten percent?
I don't know what's going to happen, but I would be surprised if *they* let Britain leave without a fight.
The only they trying to stop Britain leaving without a fight are the naive. Britain isn't going to keep rerunning the referendum like some banana republic, and there is no political will in the establishment of this country to undo this. Most of the ruling Conservatives are Eurosceptics for a start, and to engage in some civil war with the working classes would do a lot more harm to this country than whatever the markets can inflict.
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It's important to remember that this vote is not binding, it's basically nothing more than guidance.
Great Britain is still a member of the EU and the process of actually leaving will involve much bureaucracy.
Nothing has changed yet, and if I were to don my tinfoil hat, I would expect that many people who have a vested interest in supporting the EU would conspire to use this excuse to greatly harm both the exchange rate of the pound and also cause havok in global markets to sow the seed of doubt. The margin was extremely thin and I would expect they will first impose as much hardship as possible and then call for a re-vote.
I think this is far from over. </tinfoil>
I thought the powers that be were meant to rig the election? Did they fall into a drunk stupor and forget their duty? The fact is, there is little stomach for averting this course, and little chance of closing the fissure.
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lol, that's great
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And there is already talk of some kind of consequences/sanctions for England to discourage anyone else to leave.
It would be hubris of them to engage in petty, punitive measures against Britain. These cut both ways remember, and the EU itself is in no healthy state to wage such a conflict, not to mention that it reinforces their image of rule by coercion which has dealt them so much damage. And lol at talk of London seceding. I'll help them rebuild their medieval wall... Oh Bitcoin, you so, so nasty
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So how many bags did you buy? Was it long grain or Basmati?
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LOL BTC is a beast and it loves beast number 666!
Had to get a pic What, no pr0n? What's this? Britain succeeds from The Union, going back to BSW? My Whitworth tools worth a small fortune?!
Britain 'succeeds' from The Union might also be true.
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The remain camp does not have to win, just siphon enough votes so that leave camp cannot reach the threshold
The threshold has practically been reached, just a few more hundred thousand. Alea iacta est!
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Gold just punched to a two year high @1350/oz.
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Unleash the bees!
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It is bad for the UK, but it doesn't matter. This is about emotions, not about money.
EDIT: Historian Simon Schama comments dramatically on UK secession, saying Scotland will not be coerced into leaving the EU. Meanwhile EU-CN gap widens to €20.
When does Simon Schama not talk dramatically. The failed currency union of the EU is bound to unravel sooner or later anyway. No monetary union without fiscal union - the current mess in Greece and in other southern and periphery nations is a result of this halfway house. When you hear a government talking about reparations from Germany for WWII, you begin to see the heavy irony of a project once designed to seed harmony in to the hearts of the disparate peoples of Europe.
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