If they print money to keep the btc price low, then we print tether and buy more bitcoins. Get rekt.
That's what MtGox did. I think that's not exactly what GoX did. As far as i know there wasn't any tethers around at that time. During the '13/'14 downturn, there was just constant dumping. Thousands and thousands of coins, over such long months of non-stop dumping. It baffled everyone. Then later when it was revealed that Mt. Gox had been hacked two years earlier and was insolvent, I suddenly realized where all those mystery coins were coming from. In hindsight, Mt. Gox getting hacked and shut down was the best thing that could have happened to the longevity of the Bitcoin market. Just imagine if the hackers still had all of those hundreds of thousands of coins that they dumped back then. This rally downturn would be getting so much more rekt right now. |
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Why do they even bother? Over the past 8 years and many rallies, no one has bought or sold bitcoin based on what GS thinks. |
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The funny thing is, I think even the whales learned something back in Dec. when they all tried to 'cash out' huge sums all at once. They found that they couldn't. And couldn't do it cheaply. Hence the massive mempool backlog that we had.  |
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If they print money to keep the btc price low, then we print tether and buy more bitcoins. Get rekt.
That becomes a problem though the minute everyone wants to get out for real fiat. Fractional reserve bitcoin market == bad. |
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11k broken. First sign of life or a passing illusion?
I'm LOLing hard right now. Yesterday Tone Vays told all his followers that 11k was 100% clear resistance and that he was bearish. They all probably shorted because of it and got rekt. This is why TA doesn't work in Bitcoin. Although truthfully, we need to pass 11.5k and then 12.5k with rising buy volume to break the downtrend. Otherwise likely more down. |
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If there was ever any doubt that CSW is Fake Satoshi, a con man, and a liar: https://twitter.com/ProfFaustus/status/955425740820008960Just look at the way he responds in discourse. The real Satoshi never ever responded to people in this manner, with snide derision and trying to one up people. NEVER. That guy is a total fraud. |
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50k by the end of 2018. This correction is just a simple mid 2013 type correction.
Well that would be nice if that happens. But my back-of-the-napkin data suggests that at the current rate of new account creation, at only around $20k/btc could we have a strong support level toward the end of 2018. For a price level supported higher than that, new account creation would have to pick up steam and start to double time it. Also perhaps a Bitcoin ETF or two launching this year would definitely help. |
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If you weren't inclined to sell at $19k, then you shouldn't be inclined to sell now.
Just buy more at intervals on the way down. You'll eventually be glad you did.
Or you can wait for a trend reversal, but you may be waiting a long time, and then when it turns you'll just be chasing it back up.
Who here doubts that Bitcoin will be at $50k by 2020? I don't.
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Can u feel it? Dat grippy fear be grippy yo... Nah not really.  I bet the wittle crypto kiddies are wetting themselves though. |
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I think the real news there is that a Norwegian company has 31,000 employees? Who knew.  |
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My prediction:
Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
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Any update what is causing current fall?
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If the U.S. wanted to ban Bitcoin, they've had 9 years to do it and still haven't done it.
Also if the U.S. wanted to ban it, they wouldn't have allowed the creation of a Bitcoin Futures market for it. But they did.
Also if the U.S. wanted to ban it, they wouldn't allow the creation of Bitcoin ETFs for it. But they will.
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IMO certain altcoins have a place in this world unless and until bitcoin can fit every use case required. It's getting pretty close to being able to do with the inclusion of LN, rootstock and other 2nd layers/sidechains.
Really tho? Is it not ironic that Bitcoin's supposedly "slow dev cycle" is why altcoins exist, but 99.999999999999% of them have never actually participated in an e-Commerce transaction? You know, actually used to buy stuff online, which is what they all supposedly tout as their eventual purpose for existing? Years will pass and altcoins still won't have merchant adoption. Years will pass and ICO apps won't go anywhere. Perhaps a decade or more will pass, and all of the alts will be exactly where they are today in the merchant world: nowhere. The delusion runs insanely deep with shitcoins. Insanely deep. There is only so long that you can keep using the "yes but in the future my alt will..." argument. |
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I love this guy, he's calling out all shitcoins in Altlandia for exactly what they are: scams. https://twitter.com/saifedean/status/954935819525152768It's trivial to build an exact replica of Bitcoin.
But it's impossible to make that replica grow and achieve any traction without the creator being in control of it.
But having someone in control defeats the entire purpose.
So the only way that any altcoin can grow is if there is a team of full-time con artists working hard to code, mine and promote it. So every alt is under the full control of a team of scammers, which makes their entire use of Bitcoin's decentralized design laughably retarded.
There is nothing wrong with a centralized competitor to Bitcoin. But there is something laughably wrong, stupid, and utterly unworkable about centralized shitcoins adopting a highly inefficient decentralized structure purely to pretend to be Bitcoin 2.0.
You can build anything you want on a second layer of transactions, holding Bitcoins in reserve. This requires nothing from any other developers. Only reason people don't do it is that they want to make their own currency to scam noobs.
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Open source projects are supposed to be volunteer. I guess that one is closed source. |
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And after cashing out, he's gonna send all the $$ back home - to Israel.
Ta-dah!! Plot twist.
He is a zionist jew, and he's been trolling us for fun all along!
Truly the dumbest conspiracy ever posted on this forum. Actually now everything is making sense, lol. |
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Can you please explain why you are blogging on Steemit then? Are you ignoring all of your proceeds, or are you being a hypocrite? According to your activity, you are sending your proceeds to Poloniex quite regularly. https://steemit.com/@r0achtheunsavory/transfersWhere he's attempting to acquire more btc, of course. |
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Fkn hilarious to see how much the Altlandia trading bots have now hitched their wagons to the Bitcoin spot price. And people think those markets' price movements are completely independent of Bitcoin.  |
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