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Even BTE (the real Bitcoin 1:1 clone) is still showing signs of life. Please define 'dead' before arguing so.
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It's more like the last bulls are dumping above $200 before the next leg down.
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The question is whether BTC will suffer from the deflation tendencies in the markets (on top of the current bear market that needs more time to resolve). I think the effect is limited, primarily because BTC is not an investment class (yet) but a gimmick for enthusiasts and speculators.
Well BTC is inflationary (10% I think?) in a deflationary environment. It has no chance right now. Unless adoption grows (10% inflation means nothing then), but I don't see adoption growing in this bear market. I.e., more time for devs and investors to work on infrastructure and more cheap coins coming. |
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The question is whether BTC will suffer from the deflation tendencies in the markets (on top of the current bear market that needs more time to resolve). I think the effect is limited, primarily because BTC is not an investment class (yet) but a gimmick for enthusiasts and speculators.
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I was hoping for a quiet weekend. Now this.
Nothing happened yet except for the pump which is MIA. |
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The problem with such threads is this: even if the price dropped to $1, Bitcoin wouldn't be nowhere near death. It would probably get more attention than ever.
Wise words were spoken. |
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Waiting for a retest of that $170-180 area.
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Talking about the obvious... |
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Haha, but where are those sub $200 coins?  |
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Alpari, who have gone into insolvency today, released this statement from their CEO
"I'm sure this isn't the last we'll hear on the subject and the SNB are going to be heavily scrutinised in the coming weeks for what appears to be a horribly irresponsible move on their part. For years central banks have tried to avoid days like today by being transparent and making moves like this over time while drip feeding their intentions to the markets. The SNB have shown themselves to be amateurs today and there is many people that will suffer considerably as a result."
There was no obligation for people to make trades in an (openly) rigged market. Caveat Emptor. You sound like a SC proponent. I am in favour of whatever works. Preconceived ideas be damned. |
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First, I need Lamb to rub the lamp some more so coins become cheaper again. After that, you can play with Chuggington, my son.
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Alpari, who have gone into insolvency today, released this statement from their CEO
"I'm sure this isn't the last we'll hear on the subject and the SNB are going to be heavily scrutinised in the coming weeks for what appears to be a horribly irresponsible move on their part. For years central banks have tried to avoid days like today by being transparent and making moves like this over time while drip feeding their intentions to the markets. The SNB have shown themselves to be amateurs today and there is many people that will suffer considerably as a result."
There was no obligation for people to make trades in an (openly) rigged market. Caveat Emptor. |
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So, where are these whale buyers?
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No, it's just a little cheaper.
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I have to say, Lamb was really hitting his stride during the panic. Hilarious stuff. In fact, his posts are the main reason to be coming to this thread at this point.
I think he needs to step up the plate if 'reversal' is not to succeed. |
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So the world's safe haven currency (CHF) just had a 30% move in minutes. The volatility argument against bitcoin just flew out the window.
If the 'manipulator' stops, that's what you get. |
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I don't like the power of the rebound. Too soft after such hammering.
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Green 4h MACD
Heat is on. |
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Price is stabilising in the short term.
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