That may be true, but notice how these types of bonkers positions never happen on legit exchanges like Coinbase Pro or Gemini. It's always on the fucking shady Chinese exchanges, where there is no transparency and nobody can really verify anything. The order books could be completed faked or trumped up.

Cool, no offense taken. I get grouchy sometimes too. And I agree with you about the Chinese pumping and riding the shitcoins down.

I wouldn't be surprised though to see it happen again with the shitcoins. Their valuation, if you can call it that, makes zero sense. The vast majority of "the crypto market" is an illusion. Bitcoin as a true innovation stands in a sea of literal garbage.

In what way is Hairy's statement patently false?

Sure if you mean the old world alts of pre-2014 back *before* the current nouveau crop like ETH, XRP, DASH, XMR, etc., all the ICO garbage... then yeah, they had a pretty hard bear market. I remember LTC dropping from $48 all the way down to $1.20.

But the nouveau shitcoin crowd has yet to see a significant crash. And trust me it's thin all the way down. Just look how that one whale trader on Coinbase was able to crash ETH all the way down to $0.10. And that was just like ONE guy (or one small colluding group).

The 2013 bubble run ups happened almost exclusively due to the Chinese exchanges driving it, they had a super small market to work with, thin float (low liquidity), and massive amounts of leverage (X1000) going on at the time. That's why the volatility was so high. The massive leverage was the key, and a lot of that leverage was likely naked long/short. All fingers point to the Chinese exchange owners themselves and their super rich whale trader friends running the game. Who else could back that shit but the insider traders themselves?

Of course they had to have accounts on Mt. Gox and some other exchanges as well to help control things. But it's clear the game was largely over for the Chinese when the PBoC first shut down leverage, demanded transparent accounts and reporting, and then shut down the exchanges.

That kind of out of control volatility wouldn't happen the same today (without Bitcoin derivatives that is) because the Bitcoin market is so big now, so many exchanges now so the loss of control, and that kind of massive leverage just not available anymore.

Buy why o why do these guys keep missing the mark?  The politicians that are responsible they should be gunning down are that way ----->>> Capital


Wat? No. Tragedy is sad anywhere.

But pointless gun control debate now a moot point, because this :
https://www.cnn.com/2018/07/19/us/3d-printed-gun-settlement-trnd/index.html

Another bull trap?

Or have we officially entered the "This is a sucker's rally" phase?

OT : Oh look, in the country that brags about not having the gun violence and terrorism of the U.S.

They have gun violence and terrorism too. What a shock. 

http://www.foxnews.com/world/2018/07/23/toronto-shooting-rampage-leaves-2-dead-12-hurt-gunman-dead-after-firing-into-restaurants.html

Hey Hairy, since you like lovely, incriminating photos, here's one for ya. Itza veeerrry niiiice.

When can we start hating the Chinese? I really want to hate the Chinese. I don't feel like a real American unless the MSM tells me I gotta hate some nationality.

^{Unless you missed it that's /s}

Still relevant

I make a prediction that it wouldn't fucking matter if they squeezed the ethereum float to the absolute moon, making it worth a billion dollars. It's still a worthless shitcoin asset with no valid use case, that has yet to find any fkn reason to exist other than enabling the trading of a bunch of other worthless shitcoin assets with no valid reason to exist.

It's like the greatest con in the history of worthless cons. Next to Theranos, of course... lol.

Same mentality of people that get into multi level marketing schemes. They don't get rich after a few months and then drop it all.

You can't help them.

Warren Buffett made this exact argument about gold.

The thing is though, any civilization of beings sufficiently advanced above a barter system would need *something* (physical or digital) to store work value as money. It doesn't matter what the thing is, it just has to exhibit all the essential properties (e.g., rare/scarcity, fungibility, durability, divisibility, secure, proof of work, etc., etc.) for that race's encapsulated existence. Shared belief among the beings does the rest. It's all about shared belief that something has value, because the thing in and of itself really doesn't.

It becomes more of a problem on a galactic scale, of course, unless you control the whole galaxy. Then you can dictate the universally accepted monetary system.

Gee, I wonder if the whales involved in the current bear raid on Gold had anything to do with these rumors   

Had to give HairyMaclairy extra merit for actually posting some TA, while the rest of us just ramble about a bunch of nothing...  

At the end of the day, we're all here for the same reason.... Go Bitcoin Go!

You're not wrong, in fact you're right.

The first step to taking the red pill and "waking up" is realizing all of those things, and how you want your own personal life to go a different way from the sheeple masses that don't seem to mind or care about the constant neutering of career growth, rising taxes, debt burdens, and erosion of personal freedoms.

Once you're woke though, even if your working to build a freer life for yourself, you're still going to bitch about the state of affairs quite a bit. It's like a moral obligation to constantly bitch and point all those things out, in the hopes that you helped to wake up and "free" another sheeple that might be reading one's blatherings, lol.

I think his bias is showing :

https://twitter.com/spencer_ellis/status/1019651382637260800

Something that ur just gonna copy and paste about 2 pages from now