going below 10K in a few minutes.
The FUDsters want it so bad, don't they? Sub 10k. I can almost smell the fear... EDIT: And will ya look at that, some FUD news timed perfectly.  |
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Actually, you act like I am dumb and I don't know that there is preparations and various kinds of groups that are manipulating and planning,
But you seem to take great pleasure in trying to condescend and smack down anyone who points that out... other than yourself. but you seem to frequently attempt to make the matter as if everyone is coordinating amongst each other - as if the future is inevitable... blah blah blah...
I don't actually. I don't believe the future of Bitcoin is already decided. I just believe that whenever the Bitcoin market starts to act irrational, like the entire fkn year of 2017, then I know that there's more going on than what seems on the surface. Or in past years when out of nowhere Bitcoin started pumping to the moon for no explicable reason... there's no doubt in my mind that the pumpers already had the subsequent "crash" planned out ahead of time (e.g., 0day exploit, exchange hack, Mt.Gox DDoS, "China Bans Bitcoin", Mt.Gox insolvency, etc.) We saw it happen in the alt market too: ETH pumped to the moon just a month or two before the DAO hack/exploit happened. But of course you can stick your head in the sand and think whatever you want though. I care not. |
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Anyhow, what I am suggesting is that you are likely correct about everything except the preplanning part because even preplanning causes some changes around and replanning and adapting to new circumstances, instead of someone happening to actually know the future within any kind of reasonable realm of certainty.  Sorry JJG, but you are just flat out wrong. Insiders trade on secret knowledge at least 6-12 months in advance of the public all the time. It happens in the stock market all. the. time. You really think that the CBOE just whipped up the Bitcoin Futures market in a month's time?? Like they just pulled it out of their ass at the last minute? No fucking way, not a chance. Launching a futures market takes WAY more planning than that. They were planning and discussing it in meeting after meeting for over a year before it launched. And insiders knew about those meetings first. Just because you think it doesn't occur doesn't mean shit. Try day trading in the stock market sometime... you will get rekt. |
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Let me clarify my position. I'm not saying the bcash gang is innocent. I tried to state my point while being vague and without being direct which is a communication error on my side. I believe the bcash gang AT LEAST shares the responsibility for the spam on Bitcoin and the pumps on BCASH. EDIT: I see Torque beat me to it. I think his reply is worthy of consideration. But don't listen to me too much - I'm afraid he's winning me to the tinfoil club, one roll at a time.  I can buy into this. This theory would remove some of the responsibility from the bcash gang and place it on heavier hands. I mean... if we are going "tin foil hat" we might as well go full tin foil hat. I think that the BCash gang was actually just a group of useful idiot patsies in all of this. I'm not 100% sure they were spamming the network (it could have been the work of Whales/Insiders that they were working with (eg.,were paying them), or they just knew), but they believed at the time that they were benefiting from it. Now, not so much. I mean if you think about it, other than their reputations the BCash gang has little to lose and everything to gain. If BCash fails, they'll just let it slowly die and go back to mining Bitcoin 100%. The hardware is the same, so no loss there. |
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Going back to the network spam clearing up.
So… going theoretical here… Many believe that the spam the bitcoin network was experiencing was orchestrated by people with ties to Bitcoin Cash. The idea held by many was that these people were spamming Bitcoin network to drive fees up while offering a cheaper faster alternative. At the same time it appeared as if someone was pumping Bcash on occasion to create hype behind it and grab more attention. This seemed pretty effective at the time. Keep in mind this all occurred during arguably record high entrance to the market by newcomers.
After a few months of this going on, the people chasing the alt coin market began placing heavy value on cheap, fast transactions. This drove people to pumping coins that had little backing or history but, had cheap and fast transaction times. I think the sheeple have moved past Bcash and now see a larger range of coins that are available that offer their cheap fast transactions. The people who chased Bcash for the cheap and fast transactions have moved on (hence the Ripple boom).
There is little benefit to spamming the network now as many others on here have theorized. Not to mention how costly it must have been to spam the network… That money would be better spent say… pumping bcash again to gain interest in a market where Bitcoin is moving sideways and “becoming boring”. You heard it here first… bcash pump inbound.
Wanna hear my theory? That in 2017 the flippening into alts, constant bitcoin spamming, FUD, and eventual creation of BCash were all related... a deliberate, multi-faceted, year long campaign that was well planned in advance. Whales and hedge funds started the crazy Bitcoin volatility and FUD all the way back in Jan 2017, and did it for one purpose: for all of the year, to shake as many people out and away from Bitcoin because they already knew that Bitcoin Futures were coming online in December (they are insiders after all -- and insiders know things well in advance of the public). And they couldn't just run the market straight up, that's not how big players take long positions. They were constantly pumping and shorting the whole time, all the while slowly ramping it up and building their long position over an entire year. It's pretty obvious in hindsight. And if I'm right about this, then we should start to see alts slowly and almost imperceptibly bleed back into the Bitcoin market over time. We may even see a few "controlled demolitions" of some alts here and there, and their markets likely won't recover to previous ATHs after that. |
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Every chart and bearish outlook on this thread is just pure garbage. |
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When world famous economic professors are reduced to trolling bitcoin on twitter, surely that's beyond the "then they fight you" stage ?
Isn't this now "then we win" ?
Check this guy's twitter feed. He's obsessed.
Definitely. If an economics professor can't keep his mouth shut about Bitcoin, we've likely already won. Also, realR0ach will fkn love this: "The child of Iranian Jews, he [Nouriel Roubini] was born in Turkey and grew up in Italy. After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became an academic at Yale and a visiting researcher/advisor at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel." |
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Where have all the big blockers gone?
Where is our friend Gab0? Where is Peter R? Who will lecture us on the burning necessity of big blocks now that they are no longer with us?
Should we start an “adopt a big blocker” program ?
They all had a nervous breakdown, and then through the advice from their families they joined BBLA: Big Blocker Lovers Anonymous TM. Right now they are all sitting in a circle with CSW, Roger, and Jihan, and going through the denial phase together as they contemplate how R3kt they are that SW and LN are spreading like wildfire. They'll probably jump out the window when Core decides to raise the Bitcoin block size to 2mb. |
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Ethereum keeps creeping up and taking over market share. Will ethereun slowly take over bitcoin? Kinda seems like its possible
Just wait till they want to use it for real transactions  Demand for Cryptokitties is strong bro |
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Whether it is conspiracy or not, we need to formulate some kind of explanation about why now coinbase is $200 below the BTC market price on the weekend, and in previous weekends it was $200 above. Could be the network speed is increased, so easier to move bitcoins in and out of coinbase? Could be manipulation to set an impression that selling is higher than buying - since coinbase is a pretty BIG onramp from fiat(including USD)?
Sounds like more people selling than buying causing pressure on the buy side to me Why doesn't somebody with a Twitter acct just reach out and ask Brian A. what the hell is going on? https://twitter.com/brian_armstrong?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor(I don't use Twitter) |
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What worries me about tether the most is not that it may not be fully covered by real dollars, but that it might be dangerously close to what central banks are doing. ANd we all know, that banks are not too happy when someone else is taking their money printing/fractional reserve monopoly away from them. Especially when they cannot control it.
My conspiracy tinfoil hat tells me that Tether was sort of endorsed by the CB establishment. They need Bitcoin and the whole crypto market to have a weakness, an Achilles heel, when the next financial crisis comes. Otherwise they know that Bitcoin will go to the moon and they won't have a way to crash and short it. Tether could be like their Trojan Horse. |
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People also have to remember that with Mt. Gox, near the end they weren't selling Bitcoin anymore. They were selling fake Goxcoins, and they blocked withdrawals.
At least with Bitfinex, we are assured that they're Bitcoin is the real thing and can be transferred out. Now whether or not they are wholly solvent, that's another story. They're probably running fractional reserve coinage like many of the other exchanges.
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Doesn't seem to tie up with the number of new signups on various exchanges.
If it was just a relative few deep pocketed investors then surely there wouldn't have been such a demand for new registrations?
Well if demand was really so high from the retail side, then shouldn't we be seeing the price skyrocket right now? Or at least continue to rise? Hell, 20M+ retail accounts worldwide just trying to buy $50-100 each in this one month would send the price to the moon right now. But we aren't even seeing that level of buying pressure. That's why I think it mostly came from the institutional side. I'm sure we'll continue to see 500K - 1M sign ups a month this year, but not sure that will immediately translate to more buying. It really makes me wonder how much bitcoin is being bought by all these new accounts. |
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I predict that so much of late 2017's run up was by deep pocket institutional investors (and not retail), that we may see a long period of boring market action sideways for 6-8 months. Maybe longer.
Only boring relative to last year's craziness though. I'm thinking 2018 could be very much like 2016, slow and steady. Make no mistake though, institutional investors will continue to accumulate OTC. Someone has to buy all those newly minted coins each day/month.
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'Member that time Coinbase allowed some idiot to bid up BCash to $4k? Lol
Actually, it was $9k. Oh was it? That's even funnier. |
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'Member that time Coinbase allowed some idiot to bid up BCash to $4k? Lol
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$200 spread now between GDAX and Bitstamp & Bitfinex. Kraken and Gemini are finding middle-ground.
WTF Coinbase ?!
Y'know, it always feels like a fkn week or two can't go by until some other FUD with Bitcoin starts to brew. It's like we can't just have a normal market, they have to keep playing these fucking games all the fkn time. I'm already bracing for it. |
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