who will dump first?
what say you?
you. dump now or forever hold your piece. |
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bids getting thinner and thinner.. longs prepare for the squeeze.
... your paddling seems to be getting more desperate as the tide rushes out? |
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That chart does not even work because you would have to implement the bitcoin decline etc.
This is supply inflation, not price inflation. Sorry for my lack of economic knowledge, but what is the real difference? ..somewhere from 18 months to 5 years, depending on the behaviour of the mob getting spooked into thinking their monies are losing purchasing power (inflation expectations), so largely perception driven and manipulable by TPTB pulling levers frantically, but ultimately inevitable. |
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sub-250 just about gone for good ... sub-270 next
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small secret, watch all the smaller no-name exchanges outside the main centers and localbitcoins.com to see the real man-on-the-street type demand/supply situation. https://bitnz.com/been a nice little leading indicator .... just saying. |
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USD will be the biggest loser if Bitcoin gains adoption globally.
Many people hold a small stash of USD along with their local currency since it is useful for travel and widely recognizable, just in case it might be needed.
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Is there any evidence of penetration beyond the black market? The global black market capital flow has been estimated around $20 trillion and growing at faster rate with the widespread trend towards financial facism (cash limits, bank account monitoring, capital controls, financial data mining, etc). |
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So the author doesn't think Bitcoin can solve the mining / tx fee issue without the price jumping, tx's increasing or hashing power rocketing. Fair enough, it's an ongoing debate in a live, global, experiment. I dont know why critiques are always being so binary; it cant take over all retail, cant do this right now, will never adapt to that.... I don't think it ever was intended to take out all retail. I think it will exist as an option for those so inclined, much because that is what it is in all areas - an alternative. Birthed from the ashes of a financial meltdown and the biggest economic experiment in history (QE), it's whether people see the merit in it or not (and their ability to see it or not is a whole other discussion). It is also a point that now it can take a share of retail, a share of microtransactions, while these functions might have to be delegated to service companies in the future. It does not matter, it is important that these functions can expand bitcoin in the moment. The expansion can not be balanced, it will go into the areas where bitcoin can make a difference in the moment, then later, it will go into other areas. Sidechains and payment channels can take a lot of the heavy lifting off the bitcoin network and let it do what it is good at, monetary settlement using distributed consensus with a timestamp server. There is no need to rush out a half-baked scaling solution experiment that risks decentralisation, i.e. the distributed census security at bitcoin's core. Raising max_block_size to 2, 4 or 8 MByte should be ample, and not risk security, until the off-chain solutions are in the wild. |
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so what exactly did they "lose" here?
The public addresses? The private keys? Or the coins were moved to addresses out of their control?
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Seriously guys, you think that $5k by end of 2016 Is possible?
bank it. Odd-numbered years bitcoin adoption makes up for what it lost on the even-numbers ... it's like a hurricane re-structuring on the new true eye to re-establish exponential growth rates. It won't stop growing until the fuel/energy feeding it is exhausted, do you see that happening any time soon? ... this thing is gonna clear the decks in a whirlwind of creative destruction the likes the world has never seen, conditions are primed, the atmosphere is febrile. |
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Is there no carrying capacity of bitcoin? Unlike that of a petri dish.
Anyways, how many people should be able to get rich off bitcoin. Is there a limit of how many and or when bitcoiner's can get rich.
There is something about bitcoin that seems it could be a major economic driver with its frictionless abilities.
Does it matter if bitcoin's price is $1 $50 $100 $250 $300 $350, $1265, $2000, $5000?
How is that bankers have not been able to think of this… Perhaps they have but would dare go near it for it destroys their model, Why can't i simply send dollars or any arbitrary value measure, via any sort of technology medium that can also perhaps create a network, like effect..hmmm..
The first part of your musings are interesting. The carrying capacity of bitcoin is global M1, plus bonds, gold, silver, real estate, property and various other financialised assets that have been partially, sometimes excessively so, monetised by successive central bank pumped fiat monetary bubbles. Frictionless, fungible, divisible, imperishable, verifiable, transportable bitcoin can be a major economic driver compared with current monetary offerings. It will continue to serve and benefit those who use it until something better comes along. The market naturally chooses the 'best' money and those who are using it ultimately benefit from that, be it swiss francs, US dollars, gold or british sterling. Noone wants to hold their savings in a devaluing money. |
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the bull seems pissed off.  noone's taking him seriously yet ... time to get mean? |
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We should all stop selling for just 10 minutes and see what happens for shits and giggles.
Seriously though the largest growth keeps happening in single large 15 minute candles. Is this coincidence or is it perhaps 1 person accumulating large amounts of BTC over short periods of time and then letting the market re-equilibrate to not run up prices too fast?
say you are group of private equity that wanted to take a $50 mill position in BTC, how would you do it? (assume you managed to secure ~60% of that off the market already) |
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yep, nanobrain remembers the never see sub-230 call, it burns ... looking like sub-240 is history and sub-250 too probably.
If we consolidate in 250-280 with slop then breakout above 300 will be rapid and powerful to 350 and beyond, or break above 300 soonish and then slop 325-300 before more powerful big break move into 4-500 range
500 is the final breakout target before medium term consolidation.
This market is still well-oversold until 5-600 range is recovered, at that point then FOMO and MOMO could take us who-knows-where.
fwiw dyodd
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page 11666 ... what could possibly go wrong? (for the shorts)
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If that support doesn't hold, then I think it is all over for bitcoin.
I think that will be the new beginning. And great things will happen in 2016 for Bitcoin and altcoins. great things eh guru? what about 2017? |
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FINMA, NYSE, WSJ on board ... the regulators are these guys poodles, the 'announcement' for bitcoin NY regs is just fuel for their bubble.
People who I forgot i told about the coin ringing, texting. emailing wanting to know how to get in ... can't really be bothered with them now honestly.
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sub-230 never to be seen again ... move stops up to 250.
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What the hell's happening. Does anyone know why we are seeing a rise all of a sudden right now ? Can't believe this  Barry's ETF got approved. It's not an ETF. It' s an OTC (over the counter), a penny stock. Institutional money is not allowed to trade this. It's a fund, and will be traded on the pink sheets exchanges. Obviously not as big as news of COIN going live on the nasdaq. And no one was suggesting pension funds would be jumping in. however, another milestone along the historic trajectory of bitcoin ... now we have "publicly traded" bitcoin, in the traditional sense, with all the trappings and risks that brings (like rubber stamped and ironically down to the detail that you don't actually possess the underlying asset!) This one event signifies a new chapter beginning. |
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