What about the theories that the event last night was only foiled by Finex's trade/margin-engine malfunctioning!? Do you buy that rumour or can we safely assume that support simply held and the bears just plain failed to crash the market?
I have not been following that issue on Reddit close enough to comment. Watching the events unfold last night it just looked like selling/shorting into solid support. What specifically are people saying happened? I can't find the exact discussions or theories on reddit at the moment, but even though I feel guilty linking this site, look at the second paragraph: http://shitco.in/2015/05/07/bitfinex-appears-to-have-crossed-streams-btc-crash-on-hold/. I know, take this with a HUGE grain of salt, but it's always worth to consider all the sides there are to a story. The exact theory for this incident is still missing, though! |
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A lot of people were forced out of their positions due to this glitch. That has to have repercussions of some kind. We might just as well see another jan 13-14 crash. But idk, I'm lubed up both at the front and the back atm, hoping to get lucky.
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Chartbuddy telling the story today. Look at that finex orderbook  Edit: back over 230. Off to the gym. Yeah that order book seems to be speaking volumes. Could either be people waiting for another crash-attempt, or the people shorting with that big bearwhale the other day, now desperate to get back into the game. I think a lot of people may have shorted at 6am UTC, as well when the price was about to break down again, in anticipation of an even bigger slide. That is one big-ass wave. Even I am scared, and I'm hodling like a mofo! |
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Thx NLC! You're a stand-up guy! |
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Huge volume on bitfinex at the last "dump" but not much price action. I would say it is kinda bullish.
I think we need an answer to what happened first, at finex yesterday. |
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<troll crap>
Are you saving rmbku for something special? Its NLC. Just ignore. sry, will behave |
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The mere fact that we struggle to stay above 230$ is bullish as fuck. just like fucked up exchanges(all of them), no liquidity trading with fantasy prices on penny stocks BTC and everything else is bullish as fuck. Donīt get fooled by anyone who says different! Those paid shills and trolls are everywhere. They just want *sigh* cheap coins. Itīs again a sunny day for us bulls, iīm lovin it!
Are you saving rmbku for something special? |
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@rmbku
You ought to be banned!
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20.000 bitcoins burned for only 4 usd dump. We are strongest than ever.
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Ok, I'll show you some TA that will make sense of it all. As illustrated by lowstrife on the left and Jingle Bells on the right, we are currently in the 10th bar. We will be moving between 230 and 240 until the end of the 12th where we will briefly visit the 250 area.   |
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big pump has begun...
Well, it's heading in the wrong direction. Someone should buy these whales a GPS. |
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7k dump on finex
boooooooring
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And 89% again. If it progresses like this we might get an announcement on the Frontier release within the next two months. Today 91%  Holding off buying radeons. As I understand, GPU mining will not be ready at launch, so if I wait I can hopefully buy less power hungry next gen radeons by the time GPU mining is ready. |
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Hi, I am investor in ethereum since last summer.
I thought there are not would be mining because I believed that the coins will be created to hand out to investors.
someone can explain me what I missed? Thanks
First of all, don't worry. In this thread there are mostly trolls and miners left, basically cavemen. If you go to this forum ( https://forum.ethereum.org/ ) you will find plenty of nice people ready to answer any questions you have. Initially there will be traditional mining for a year in order to get a proper network up and running. After that they will try to move over to what's called PoS (Proof of Stake as opposed to Proof of Work) mining, which, depending on the implementation, should mean that holders of large amounts of ether points, like yourself, would effectively be doing the mining. Just follow the link above and you will find lots of brainy people giving you a much better explanation. |
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You are right ^^...well i think it is possible and if we break 262-265 its possible we would start finally new bull trend...but we will see...it depends when whales and market manipulators will decide if the new bull trend should start but i find kind of interesting that btc-e is not higher than all other exchanges...i remember it was almost always lower...any thoughts about this? I'm not an expert trader mate. If I'm honest I've never sold anything, I just buy & HODL. Bitcoin is a long term investment for me, I'm not looking for small, short term profits. I've just got my fingers crossed, hoping for maybe 5,000 USD per coin one day then it's party time. Isn't this just the "bagholder waiting for a greater fool" mantra? I mean global, non-state, algorithmically controlled means of wealth storage and transfer... and you just hope for a quick 20 bagger to go party? We can't all be sitting around a camp fire singing Kumbaya. If that's a requirement then we should just close this thing down. He's buying coins. It takes all kinds. |
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[]
Whether it's Bitcoin or some other currency, there is always going to be people trying to take advantage of other people. As someone who ordered gear from both KnC and BFL, I can assure you there is a dark side to the "Bitcoin Community". But that been said, we're talking about digital money. So thinking of the entire Bitcoin ecosystem as a "Community" is a bit naive anyway.
The problem with BTC is it has no mechanisms in place to deal with bad actors. That's Y it fails - right on the conceptual level. Real money has the might of the state to punish the con men, Bitcoin? Not so much. Thus far, the only repercussions felt by thieves & conmen in Bitcoin Equestria came from the hand of the nanny-state Bitcoiners so love to whine about  The state has just as much power over bad actors who use bitcoin as they do over bad actors using cash. Since when does money have to provide a method to deal with bad actors. That is not a function of money. I think rmbku is lambie. But yeah, what Rolling said. |
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At this rate, will we still be able to get two really good pizzas for 50,000 BTC in 2020?
At this rate we will stay at around $220-240 until 2020, so it all depends on if there's a shortage of pizza in five years. |
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Please keep pointing out flaws, but if you want to be taken seriously I would recommend that you build your own argument rather than keep defending our resident tl,dr-troll.
I don't 'defend' him, just his right to his opinion. I agree with a lot of what he says, but wouldn't share the same level of skepticism he has. But in the end of the day it is just a personal view, and any intelligent person knows they must make their own minds up about it while making sure they have all the relevant facts. Anyway, I'm not always negative. I think bitcoin makes plenty of nice, quiet advances everyday. In my own business, we have taken almost 200BTC in revenues, and paid out over 80BTC to freelancers since January. Bullish! Indeed.... But I cant get others to get involved because every time they look into it they find crackpots and scammers.  Bitcoiners pushing bitcoin on people who don't need it can end up doing more harm than good IMHO, there are plenty of valid uses for it. If I seem a bit illogical irrational at times, it's because I believe those valid uses have a huge potential. Whether it's Bitcoin or some other currency, there is always going to be people trying to take advantage of other people. As someone who ordered gear from both KnC and BFL, I can assure you there is a dark side to the "Bitcoin Community". But that been said, we're talking about digital money. So thinking of the entire Bitcoin ecosystem as a "Community" is a bit naive anyway. |
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