Media is one sided. They will publish what they see as relevant for them to make any money from their endorsers that will pay them for coverage on the stories that they deem so.
Somebody was paying them to pump up ETH as a replacement fro BTC but that failed.
The timing of the NYTimes coverage of ETH was a bit suspicious. It was designed to get eager noobs to invest. |
|
|
|
BBC has just produced an article on Bitcoin: http://www.bbc.co.uk/news/technology-38415066Bitcoin enjoys end of year price surge
The value of the Bitcoin virtual currency has hit a three-year high with each one now worth about $900 (£730).
At the start of 2016, single coins were only worth around $435 but their value has climbed steadily all year.
The steady upward progress has continued despite regular hack attacks on virtual currency exchanges in which coins have been stolen.
Experts said the rise in value was linked to the long-term depreciation of the Chinese Yuan. |
|
|
|
|
One thing is certain - bitcoin has decoupled from Gold. Gold fell when the Fed increased interest rates. But bitcoin rose. Either the rise is a pump, or there is a dfferent dynamic driving BTC.
|
|
|
|
You are trying to persuade people to buy at these levels?  It has gone up too fast. There will be some profit taking and hopefully the price will stabalise here for a few months. Pumps are not a good thing, they rob the innocent. Im not trying to make peopel buy or anything, im just saying that bitcoin is ver undervalued, I don't care if it corrects now, 1000+ is innevitable, i don't care if it's next year or tomorrow, bottomline is, we DON'T know how low it will correct, so you may miss the boat by waiting for a perfect buying price that never comes. Now we do KNOW that new ATH is inevitable, so may not want to gamble with waiting for lower prices to get in. Just get in and wait. It has gone up too fast. When it goes up by $100 in a day, it is likely to drop by $100 in a day. The stuff you are saying is similar to what we heard in 2013 to persuade people to buy into the top. I remember a thread where this guy took out a loan and bought at $1000. People kept trying to stop him, but he thought he was "missing the boat". Anything more than a 3% move a day is excessive, and when people close their leveraged longs, down it will go. |
|
|
|
Very bad idea. The blockchain will be flooded with noobs all wanting to know and understand about Bitcoin. Fees and transaction times will skyrocket.
Miners will be happy. Everyone else... not so much.
This is what is so frustrating about bitcoin at the moment. It can't really scale, which means that what should be fantastic advertising for BTc may kill it. |
|
|
|
You are trying to persuade people to buy at these levels? It has gone up too fast. There will be some profit taking and hopefully the price will stabalise here for a few months. Pumps are not a good thing, they rob the innocent. |
|
|
|
They were bought between 5 and 30 USD.
Sell when everyone is greedy!
Well done on having the nerve to hold for so long. Most people would have sold at $300 saying to themselves, that's a ten bagger. you have managed a 29-bagger! |
|
|
|
|
What happened in India on November 8th certainly seems to have given bitcoin a filip. Never saw that coming - i thought adoption would come from the south american countries.
|
|
|
|
Yesterday we broke the 800$ cap and now we are at 861$. That's a lot too fast to be something healthy, and I think this is just another boring pump. Until which point it will go and when it will calm down and to which point is another discussion.
And we've broken $900. So $100 in a day. Take some profits people, the leveraged longs will have to close, which will cause the price to drop back down again. |
|
|
|
It seems that the whole idea of power ups/downs may be flawed, especially with prolonged power down periods. 13 weeks doesn't sound very good on the face of it, regardless of whether or not the delayed withdrawal earns interest during that period.
Why does anyone think that restriction would do anything other than prolong a selloff? How does it make an "investment" a LT investment?
The whole point of powering up is to earn from curation awards. You can actually make quite a bit from curating, and do it by bot if you wish. So it's a good way of increasing your stake, and you can power down and withdraw some of it as and when you like. We know from what happened to bitcoin and doge that tipping where you transfer directly from your wallet to someone else doesn't work. Curating where you help allocate the next 24 hours minted coins, and receive a reward for it, works better. But it needs powering up. |
|
|
|
|
This is interesting news. I guess we shall see in practice whether Segwit works properly or not, and if it doesn't then it will make sense if bitcoin doesn't go ahead with it.
|
|
|
|
|
So - is this coin formally dead now, or are they still going to try to somehow get to launching after X number of years?
|
|
|
|
I think majority of VCs already have realized this that the bitcoin based companies can't return more than what they could have generated by investing in bitcoin or by buying bitcoin on early days.
Profit from bitcoin related business is only fractional compared to what they could have earned by directly buying bitcoin when price was around $100 per coin rather than investing in bitcoin startups during those time.
Do we have any proper data about whether the bitcoin based companies have actually made any profits? Investing in bitcoin companies seemed to be a big thing in 2014/15, but then news of new investments seemed to disappear. |
|
|
|
Well it all sounds wonderful, until it happens. Then Bitcoin will "crash" within the first week... because we cannot {with the current block size} accommodate mainstream adoption. PayPal can handle around 10 million transactions per day.... The only way, we will be able to handle that kind of traffic, would be to take it to off-chain transactions or in future SegWit/LN type technologies. There is no use for people to wait 3 hours for their transactions to be confirmed...  All people have to do is put a *slightly higher fee and transaction speed increases. Since I have been adding a measely 0.00003 BTC to my fee, most of my transactions have been confirming in under 30 minutes. You have to figure that much of the lag in confirmations is do to the dust transactions from faucets, dice sites, etc. If blockchain.info would update their recommended fee algorithm that would speed things up considerably. But why would the public bother to pay fees when you can use paypal etc without fees? More to the point, as fees increase, crypto enthusiasts will simply use an alt to move money. There is no reason anyone has to put up with either bitcoin fees or the lags in transaction confirmations. |
|
|
|
|
Am neither long nor short. Am in fiat the the moment.
The Federal Reserve meets on the 13th - 14th and is likely to raise interest rates. Usually this means the dollar strengthens and everything else weakens. But with bitcoin we might see people from the weakening currencies (China etc) pile into bitcoin to preserve the value of their money.
It is just too hard to tell what will happen, so am sitting it out.
|
|
|
|
India has a cultural and religious bias towards gold. They dont treat it as an investition, so I wouldnt expect for it to have some relation to bitcoin price. On the contrary, people tend to avoid risky investment on turmoiled situations. If the situation would affect anything is price of jewelery, and the amount of fake gold in the market.
Yup. Also - given the recent mess over the changing of the 500 and 100 rupee notes, these threats about gold will just make the Indian population throw the current govt out at the next election, to prevent their assets being seized. The difference between places like China (where the govt can and does make threats to the population), and India, is that India is a democracy and they enjoy throwing politicians out, and the politicians know this and have a healthy fear of the voters. |
|
|
|
|
I had some coins on both Mintpal and Cryptsy when they got "hacked" and disappeared with the money.
Exchange risk is the biggest risk in bitcoin.
|
|
|
|
not again!!!
WOW BitStamp: 760 OkCoin: 788 this is starting to look like the good old days of Chinese being the front runner of bitcoin price and other western exchanges following it up. now i am starting to strongly believe $800 is possible this month like a piece of cake. The thing is, there are so many contradictory things going on. The Chinese yuan is falling, and some Chinese might want to get their money into bitcoin to preserve it's value. The Italians are voting today on a constitutional referendum, and if the govt loses they could resign, which might create turmoil in the markets. On the other hand, the US economy is doing great and the Fed meets on Dec 13th and will likely raise interest rates. That should strengthen the dollar against gold and other currencies. So the big question is, which is the strongest force? If it is the strengthening dollar, then bitcoin's price should drop. But if it is the desperation of the rest of the world to get their money out, and they can't buy dollars directly, they might buy bitcoin.. This confusion is what makes bitcoin fun! |
|
|
|
|
Show Posts
