Imagine to have your entire fortune in some of the top coin/s: "My net worth is $50 Million". Ten minutes later: "My net worth is $35 Million". On the next day: "My net worth is $120 Million.". Funny, eh?  |
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Imo, margin bull slaughter fest... panic sellers burned, then the rise will come. Healthy correction / pullback if it holds. it's the 5th hour. Gandalf the White will soon come.
What if the sell walls yell: "You shall not pass!"? |
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And, just for the record, I think it was yesterday when I looked on CoinMarketCap and saw that only 2 out of the top 100 coins had about 2.5% decline - all others were in green. See what happens now.
EDIT: Now I counted them again - 51 coins out of the top 100 are with -10% or more decline for the past 24 hours.
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Read "A Random Walk Down Wallstreet" or "Fooled By Randomness". In fact, just read "Fooled By Randomness."
What I hear when I read comments about short term market moves is, "Noise just noise noise noise! White noise noise and also noise!"
And this comes from a guy who promotes ICO? I've been playing this "game" for quite some time now. Maybe you should read how I predicted the DAO failure a week before the attack? I'm not playing the smartass here, I'm just having some concerns (and it's not from today). Now try to be more constructive if you have opinion other than I'm being the dumb guy here. Ok, so it dropped 13 percent? Which is perfectly normal after the current rise? Who cares. It might even drop another 13 percent? And from there it will rise again. Why the fuzz? Remember when everybody sells it is the perfect time to buy.
I care for people who are overpricing coins. Personally I don't give a shit even if it drops down to $1200. |
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This doesn't surprise me and should surprise no one. Things don't rise this fast without people taking their money off the table. This whole market has me freaked out. I've never seen this much of a bubble even in the stock market, and I've been following stocks for many years.
I can just imagine what will happen in short term with billion coins like DOGE and SIA. If this dump continues (though it's a bit early to talk about real dump as Bitcoin is still up comparing to yesterday's price), then thousands of people will cry. Won't mention names of other coins (or whatever) on purpose. |
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Current average price is $2470 and market cap $85 Billion. Let's see what happens in the coming hours/days and how it's going to affect alts...  |
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Ethereum without question has a significant contribution for the current success of a lot of digital currencies (and, of course - current price of Bitcoin), but what if someone find another major flaw as they did with the DAO? Some of you may remember that about a week before DAO attack I've opened a thread ( https://bitcointalk.org/index.php?topic=1504662.0) and expressed some personal concerns. One of my statements was: Technology is becoming more and more sophisticated. I'm kinda against that, because majority of the people are not "geeks". This could be a big problem for Bitcoin (and others), since it is cryptocurrencies against fiat money "thing" (i.e. people vs. banks). Making things more hard to understand will eventually interfere the adoption of the cryptocurrencies (at least in the way we see it now, because in the future, the banks can use the technology for themselves and the ordinary guy will be screwed... again). Maybe current technologies may find its use in 5-10-20 years (who knows...), but not now...
I still think we're in a bubble (link to another thread: https://bitcointalk.org/index.php?topic=1926969.0) and while I am very excited, I'm also extremely scared... Can you imagine what might happen with Bitcoin price and all these Ethereum based ICOs and crowdsales, which raised vast amount of money? Don't get me wrong - I will repeat that personally I don't care about BTC's price as long there is some stable growth. I am here for the long run (after at least next block reward halving) and I strongly believe that what we're seeing now is still nothing. Digital currencies are potential market for trillions of $ (or euro - whatever suits you). What do you guys think? |
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OK, got it - thanks! P.S. Not our problem as long people are able to withdraw their coins.  |
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What's the reason?
I'm not sure about the real reasons.... On their main page there is a long message explaining that this month they will have a financial loss... and so they need to review their business type. They are about to delist a lot of coins... for the ones with wallet in maintenance status, they are simply raking users coins without giving nothing back. Really bad behavior. Just opened their website, but I fail to see any message. Can you please give me a ink? |
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We already had GoalCoin, which was a complete failure.
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Personally I don't care if Bitcoin is $1k or $10k as long as everything goes smoothly. Last year I already tried to predict it will reach $2000 by this Summer and it did. And I also think it will be in the $5 - $10k range by 2019, but it's just scary as we have major problems and such growth is not justified... But that's just my opinion...
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Great news, but nothing surprising...  |
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So, what does this mean for ethereum ? Well it means now these corporations who joined together with ethereum will put tons of their trillions$ into researching and developing ethereum
Like they did with The DAO?  Now log in with your other Mindlesscache account and agree with yourself. |
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I'm not wrong and I'm not arguing, since last year I predicted BTC will reach $2k by this Summer, but I was also expecting some actions by core developers (and "hard fork supporters") to be made. But it looks like hard fork is probably inevitable and this can result in some huge financial losses.
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This isnt a bubble, we are still the earliest of adopters. Golds market cap is over 110X larger than Crypto right now.
I think it's over 1%, but that's not important. You think that something valued at ~1% of the gold in existence in ~8 years is tiny...? |
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Banks are sometime using a 50+ year old code.
I've seen computers in factories that are twenty years old and cant be upgraded because of some weird dependency. I've done this already. Was supporting a mining quarry and factory, which has machines for 100s of thousands and sometime millions. Some of them are, of course, attached to computers. This is one example (took this picture probably 2 years ago):  This one (and like 3 others) was attached to a PC with a 700 MHz Duron CPU... The only difference was a port, which is a Siemens patent and the motherboard was like $1500. Bought few second hand computers for like $20 each, then found PCI cards with this port for ~$70-$80 and all was working again. |
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Doge last commit on github in 2015... Blackcoin same almost.
Your point is? BC is one of my favorites (and one of my huge "failures" (as I made like 4 BTC profit from it in 2 weeks, but it later reached such heights, that I've "lost" over $100k in potential profit)). Banks are sometime using a 50+ year old code. |
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Because the daily trade volume has increased ~x4-5 in few months and I don't believe we have x4-5 more users interested in Bitcoin or whatever...
hedge funds are looking for market to do PnD silver and gold are to big but crypto is unreguated and easy to move , next thing is that coinbase is reporting that they add 100 000 accouns every week... These are mostly people who are looking for a way to earn some extra money. It's like googling for a way to make money over Internet - you have millions of searches, but it doesn't necessarily means ALL of these people are making money. I think the current total market cap of cryptocurrency at $73 billion and $2 billion volume/24h is still quite small in the larger scheme.
You're right... and you're not. Currently market cap of digital currencies is over 1% of the gold in existence. I won't call it small. But sure - there is much more space to grow! |
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