So the moment we went over 600 something triggered a mass sell off in China. We instantly go back under 600 and someone puts up a wall to make sure stay there.
Always nice to know there is 1 person or 1 group of people who control the whole market and stop us from going up.
Interesting that China sold on the USD price... And yeah there are always going to be people trying to manipulate. The fact that we potentially have manipulators in China is actually a good thing as it makes it far less likely for the whales to all collude together. |
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fundamentals aside, what do you guys think of this technical pic of silver?  I am loathe to enter such a heavily manipulated market again, but if there ever was was an entry point that looks like it. |
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Thanks again Oda for the great analysis as usual. Bare with me for a minute while I poke the subject few analysts like to touch. I am wondering why everyone is so confident about the next run up being smaller in % than 2013. Imo the next run up starts when an ETF is released and all of that pent up non technical buying demand is finally provided with their preferred buying option. Once that starts I do not see this run up playing out any differently than the others. Something to consider as well is just how different the medias opinion is now vs 2013. We did not have a resident spokesperson bloomberg tv in 2013, that would have been unfathomable. For these reasons I believe the market is still far too small of a market cap to absorb the pent up demand and corresponding usual frenzy without moving the price at least over 5k, probably 10k. This will happen within a few weeks of the etf release so I am also optimistic that it will happen this year.
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In normal countries that's exactly what would happen.  The confiscated goods sold to right people, for half price, and dumped to market immediately. The wrong bidders won't take part in the auction because they failed to fill application forms correctly or something like this. But US is not quite normal country (yet ), so I don't really know. I guess if your "normal" is hilariously, overtly corrupt, then sure. In America, we like to keep our corruption slightly more opaque. |
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Excellent posts guys about the comparison with Litecoin. Basically echoing my own thoughts. I am eerily reminded of the last time I felt so sure about investing in something...
On that note, if someone was an early buyer of Monero and wants to offload a large amount of coins without moving the price, pls pm me.
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Thanks for the update Oda - and lol |
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Thanks Celestio and Sharing, both good posts.  I am a complete noob when it comes to alt coins. Does anyone have a link to a thread which discusses the difference in hashing types - their advantages and disadvantages? I cant seem to get my head around which are better and why. Also, where is everyone holding their alt coins? Do you just trust them on the exchanges you buy them on? Or if mining does one typically leave it all on a computer? I am guessing its not so easy to make paper wallets for alt coins... |
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Well, this thread has officially gone to shit. Where is Oda?
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NP, thanks for picking it up  Have fun with the new thread |
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Lucif - was that green candle you?  |
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Really? 30T in tax haven bank accounts? That's a whole lot of money. Is that realiable information? Imagine if just 1% of that money is switching to bitcoin. Or 5%, or 10% That would be huge... Never mind if they all decided to buy bitcoin yes its reliable. Check out Trace mayer on youtube and how to vanish. He isnt as visible a figure in bitcoin as he was a few years ago but still recommend his stuff. |
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Sold most in short term near daily sma200
What price was it? where do you hope to buy back?  Looks to be about 650 is where he sold. Probably hoping for a bounce to SMA 20 before returning back up. That is a seriously ballsy play though in this market. |
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Is thread abandoned now? Anyone else want to take up the mantle or has someone done so in another thread?
Sorry yes I have abandoned this baby for one IRL. Someone else please feel free to pick up the ball. |
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Seeking early-adopter wealth, founders have deliberately hobbled themselves by not taking advantage of the network effects of the Main Ledger.
This quote looks like something written by a dictator or king talking to his peasants and laughing at them while he sits on a pile of gold bars. Maybe, but so far as I can tell, he is not wrong. Side chains are right around the corner, so I guess we will find out if he is right soon enough. |
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I think alts amplify Bitcoin potential.
but only as testing grounds. anything worthwhile should be assimilated into Bitcoin when possible. the larger issue, as indicated by impulse above, is how do any of the alts implement a distribution mechanism that comes close to what Satoshi did? he set a very high standard of what are now considered best practices in this new virtual currency world. i'm thinking it's impossible unless you're willing to do the entire development model for free and somehow keep yourself anonymous. but then at that point why wouldn't you just develop/enhance the market leader itself, Bitcoin, which stands to be the ultimate winner? Monero is an example of a coin that is trying to do exactly that. The devs don't hold a privileged position, there is no premine, the coin hit exchanges last week when less than 5% were mined. It takes forever to mine the rest of the coins (80% in 4 years but exponential decay). The ways to build a monster position are - mining with multiple CPUs, - buying in the exchanges, - making markets. All these are beneficial activities for the coin. Due to high inflation, pumping is difficult/impossible (new mining alone acts as a dampener on pumps). All in all a nice coin, aiming to have real anonymity with CryptoNote coin mixing, and my first altcoin investment ever Sorry to derail the thread even further, but this seems just like darkcoin? What is the benefit of this over it? |
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This is fiat moving back from the banks to the exchanges once they saw the reversal taking place. Hold on boys, this is just the beginning.
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