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the whole classic movement seems to be lies all the way down. The whole concept is based on a falsehood and it just begets one more desperate lie after another ... what's new? they're full of crap, we knew that.
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^^ which means you missed all mine.
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I think everyone on this thread missing very important point for reserve currencies of the world. Every reserve currency must be protected/supported by military. The British pound (GBP) supported by UK army, USD now backed by military and the Yuan will be supported by Chinese military once it become a reserve currency of the world.
So, BTC has no chance to become a world reserve currency. It is a fair currency trying to survive in this weapon backed world.
What do you think?
cyber warfare is the future. When you invaded by tanks cyber warfare become meaningless. Of course cyber warfare is important as long as you can defend your borders. which basements will they drive the tanks into first? Chinese, Russian, American? bitcoin has no borders to defend. |
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I think everyone on this thread missing very important point for reserve currencies of the world. Every reserve currency must be protected/supported by military. The British pound (GBP) supported by UK army, USD now backed by military and the Yuan will be supported by Chinese military once it become a reserve currency of the world.
So, BTC has no chance to become a world reserve currency. It is a fair currency trying to survive in this weapon backed world.
What do you think?
cyber warfare is the future. |
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Shit son, we're going up again. This is gentlemen.
i think this is just due to the spread between btc/$ and btc/€ prices on stamp. this gap was not normal. tomorrow when bitstamp starts to allow their customers to trade $/€ this gap would have been closed anyway. maybe the action now is related to it. too bad that the spread between CNY price level and the rest of the world cannot be killed that easy. tomorrow is today in europe ... what it means is all the EUR demand can be reflected in USD/btc price and easily arbitraged onto bitfinex ( using on-chain real time settlement feature) where the usd/btc futures are causing all the trouble ... the bears can 'manage' futures pricing with games and lead the market around but they cant satisfy real demand when the shtf But I thought Bitcoin was not meant to do transactions? one of it's ideal use cases is for settling large amounts across exchanges in real time, arbitraging cross-border financing ... your comment gives away one of two things about your nature, you are a duplicitous opportunist or an ignoramus, your choice? |
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http://www.coindesk.com/kncminer-declares-bankruptcy-cites-upcoming-bitcoin-subsidy-halving/... so this is the real reason behind the rise, or rather the reason why bitcoin was being held down and now allowed to rise. KNC miner was going broke and the chinese miners got wind of it so conspired (probably in cahoots with some notorious shorts) to hold price below cost of production until KNC was bust. As soon as that happened they let the price go up to a new level ... where they think they can manage it. These shennanigans have released some important information into the market, givn some of the game away so-to-speak. Cost of production is somewhere around $480 at current difficulty so after halving that will be around ~$960, by a simplistic 1st order estimate. Bitcoin price has never spent large amounts of time significantly below cost of production so it is a good bet that 3-6 months after halving bitcoin price is going to be ~$960.
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Shit son, we're going up again. This is gentlemen.
i think this is just due to the spread between btc/$ and btc/€ prices on stamp. this gap was not normal. tomorrow when bitstamp starts to allow their customers to trade $/€ this gap would have been closed anyway. maybe the action now is related to it. too bad that the spread between CNY price level and the rest of the world cannot be killed that easy. tomorrow is today in europe ... what it means is all the EUR demand can be reflected in USD/btc price and easily arbitraged onto bitfinex (using on-chain real time settlement feature) where the usd/btc futures are causing all the trouble ... the bears can 'manage' futures pricing with games and lead the market around but they cant satisfy real demand when the shtf |
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all traders should be short now ... we got another FU dragon-surprise yum cha lined up for them.
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"Global professional services firm Ernst & Young has announced it will auction off 24,518 BTC (worth $12.9m)  originally confiscated by a user of defunct online dark market Silk Road." - http://www.coindesk.com/ernst-young-sell-12-million-bitcoin-auction/shouldn't be replying to yet another of these scammy trolls but it needs to be pointed out that the last 'official' auction date represented an interim top around 500 in early Nov. 2015. ... wouldn't be at all surprised to see a run up to 680-730 region before this auction now it has broken out. |
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Wouldn't mind consolidating at this price for a few weeks. I don't want to go up rapidly on no volume only to suffer a horrific dump.
Hopefully we can go sideways for a bit until after the halving & then shoot up again.
some consolidation would be good but it looks uncomfortable around these levels, the drop from 570 didn't have any real selling conviction behind it and looked more like long term bulls pulling back bids for a better deal ... pretty sure we are going to drive quite strongly back up to 570, maybe consolidate around there or higher, just imho. This looks like a breakout bull market to me ... I wouldn't be shorting anything or expecting sideways consolidations for a while. |
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Bearstamp bot has totally rekt their trading engine ... price jumping between 456 and 522 lol!Q!!
get out of there, looks busted
I don't believe that stamp is manipulating the market by selling tons of coins that they don't have. Their daily volume is into BTC10k (finex is BTC50k) it's just a shadow of itself, low volume so not many people keep $ on it, and it's much easier to transfer BTC in there for sale then get $ in who knows wtf going on there ... but they are selling someone's coins at 20% below market at regular intervals, place looks rekt |
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Bearstamp bot has totally rekt their trading engine ... price jumping between 456 and 522 lol!Q!!
get out of there, looks busted
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Fuck... the Chinese start pumping again despite the bearish divergences... made me close my short...  lol, #rekt ? |
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ok who's ready to deal some revenge to the ratty little eth shill thieves who now only dare creep out at night and spread their mailicious lies and whispers??  the dragon is waking up in HK again ... and looks a little pissed, the night shift crew might have gotten drunk and let the cat out |
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volume looks pretty shitty though
wouldnt be surprised if we break that nice uptrend and test 370 again. lots of bullish expectations and barely any volume.
When triangles break out, they break violently. This is pretty tame for a triangle that lasted ~6 months.  ... and this? |
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yet another updraft with >$10 spread on bearswamp ... things looking a little out-of-shape.
Discontinuous re-valuation to higher levels is not an unlikely outcome in this atmosphere.
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Trinidad and Tobago  and Latvia  |
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