What if those 2.8k at 420 were a real bid from a millionaire who chose that number because he is happy and stoned tonight? EDIT: While I was writing this, Loaded came up and posted a cryptic happy face again. Not implying anything here  |
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I would just pretend walls don't exist.
Wrong thread  |
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Mmmm Simply no buy pressure  Nope, not even with that big bid wall Walls are contrarian indicators |
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Mmmm Simply no buy pressure |
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One Little Weird Trick To Get Rich Quick |
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As a distributed clearinghouse with many actors within its own closed network, Ripple works great, as long as XRP stays cheap enough.
Not wishing to turn this into a Ripple thread, but it works great until someone somewhere fails and the bag holders realise they are bag holders (which can be through no fault of their own). So does any other clearinghouse system, when one of the actors fails. Failure in Ripple does indeed ripple across the peers who trust the failed entity. It just requires less manual intervention and automates many tasks. E.g. one liquidator can buy debt from the failed entity for cents on the dollar using the distributed exchange feature. NB I am not a Ripple fan because I detest the shady way the founders own most of the XRPs and how they manipulate the market. My argument is that their solution works great in a closed network of gateways and does a better job at moving debt across trusted parties than SWIFT does. |
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Ripple is the US banking system's attempt to avoid being destroyed by Bitcoin. They think that if they make USD transactions easier then they'll be able to avoid losing the USD as a unit of account. Note that Ripple's consensus system is a closed, invite-only network. Exactly what you'd want if you were trying to preserve a banking cartel's position in the world. Indeed it is. But integration of the Ripple protocol is the maybe first step towards banks getting rid of obsolete SWIFT? As a distributed clearinghouse with many actors within its own closed network, Ripple works great, as long as XRP stays cheap enough. |
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Up or down in the next 24h hours? And, WHY?
I'm sure I am not going to become popular with my bearish sentiment here on this board full of bulls, especially when we just had that rally upwards. But I'll give it a try: Up only if a whale decides to push us there, and only if those walls @ $465 and $500 (Bitstamp) belong to the whales so that they can be removed quickly in order to facilitate some quick price action upwards that finally triggers all those short margin calls. But my guess is we will go down, even if we see another small rally beforehand. Buying action was surprisingly unimpressive after we dropped into the 370s, so it's probably going to be even worse now that we are back in the 440s - despite the paypal news, which is IMHO completely blown out of proportion and will probably fail to bring in a significant number of new buyers. So we'll probably get the same combination of slowly bleeding down together with some unexpected rapid dumps that we have seen in the last couple of weeks. This is still a bear market overall, and unless something fundamentally changes it's probably going to stay that way for the next weeks. Next stop: 350s, maybe with a short-lived dip into the $320-$330 range. There we (and especially the whales) are going to find out if organic buying pressure will finally pick up, which would mean that the bottom is probably in. Otherwise we are going down even further into the 200s. All IMHO, of course. +1. I give it 10% chance we are up from here, 50% chance the bleeding stops around 320, 30% chance we see 200 territory. |
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you fools, the price is still lower than one week ago and already you believe we've broken the downtrend? do not buy into this false recovery, or you will get burned.
Dead cats attack over and over? He has a point:  You are agreeing with falllling? Caught on the back foot today?  Not really. My balance on exchanges is zero coins and zero fiat. Coins are in cold storage, fiat is in the bank. I am still short term bearish though. And possibly objective enough since I recovered my principal already in 2013. |
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you fools, the price is still lower than one week ago and already you believe we've broken the downtrend? do not buy into this false recovery, or you will get burned.
Dead cats attack over and over? He has a point: |
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It does not look to me like a reversal yet. On the contrary it seems that fiat is still exiting the system, while the last few days saw a speculative reshuffle. |
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Hmmm i bought a 1 BTC in bitstamp it says they taake 0,50% it should be 0,995BTC but i got 0,99092838 BTC... WTF : /
Your buy has probably been split in a certain amount of smaller buy orders to match the available asks. The fee for each one of them has been rounded up to dollar cents. |
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A part of me thinks this is happening because the GABI whales have to bootstrap their own fund.
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SQUEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEZ! More carnage please  |
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I hadn't seen a number that high since october-december 2013  on other (bearish) news, - estimated on-chain USD transaction volume is not increasing today - r/bitcoin subscriber count has been increasing only 60 per day vs the usual over 100 |
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Monkey assures me the weekly chart bottom is locked in.
Yeah but I still see downtrend coming afterwards? |
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I don't think it's gonna happen, but... I'd be just laughing off my fucking chair could I witness a giant short squeeze up to 500. Short-lived joy maybe, just a little break in our descent towards doom. Fucking yeah wouldn't it be great? Days of bull frustration erased in few minutes...
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