However, there are many articles out there dissuading the public to get involved or invest in bitcoin. Perhaps this is simply the trend and writers just want to follow suit.
Or perhaps they actually have an agenda, other than trying to "protect the public"? |
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Hehe, yeah the younger generations are not even interested in using Facebook, saying that it's "for old people". So FB will have a serious longevity problem. On another note, looks to me like Ver decided to dump all his remaining BCash for his other pet project Dash.  |
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From China and Russia to North America, virtual is the reality. It’s no longer a question of whether cryptocurrency will survive. It’s a question of what it will disrupt on its way to the top of the global finance chain.
-James Stafford- Just using an example here. Facebook is a company whose product exists solely in the virtual. Whose stock is traded solely in the virtual. With currency that exists almost completely in the virtual. By people who live in the virtual at least 60% of their lives on their smartphones and laptops. And the same naysayers will say that Bitcoin has no value in comparison? The gaslighting is real. |
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Art obviously doesn't know how to read a log chart, or doesn't care.
On a log chart, Bitcoin doesn't currently look parabolic. $50k/btc within 3-5 months from now would be parabolic. I don't see that happening. And if it did, I would be agreeing with Art then.
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After Finex now Cryptopia. Another hit for Roger's scam   Now if we can just get coinmarketcap.com to do the same (as well as change their logo to green), the circle will be complete. |
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Just stay the hell away from them. Seriously, after stealing a third of everything people had deposited with them, what more is it gonna take before people get a clue? It's difficult, because as a Bitfinex user one could think that all those comments are just FUD from shills to manipulate the market, since not everybody is affected right now. The exact same thing was happening with MtGox months before they closed all operations for real, but until then you couldn't be sure what was really going on. I will say it again: we all should be requesting real audits from well known companies to every single exchange. If you are not sure if your exchange is fucking things up, it's fucking things up. Get. Out. Didn't feel sorry for goxers, and don't feel sorry for finexers now, but still can't help commenting on something so obvious. They are scammers. Get your money out. Yep, "Where there's smoke, there's fire." I'm starting to wonder if the majority of day traders are sociopaths. |
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As if right on cue, the MSM starts up the negative attack articles on Bitcoin again. Another from Business Insider: There's a 'fatal' flaw in cryptocurrencies which means they can never be real currencieshttp://www.businessinsider.com/bitcoin-cryptocurrency-ubs-wealth-management-economist-paul-donovan-2017-11Ridiculous quotes: In the USA right now, he said "the Federal Reserve is reducing money supply in the USA at the rate of $10 billion a month. That's because "demand for liquid dollars has dropped, and in order to preserve the value of the dollar, i.e. avoid inflation, the Fed is reducing money supply to match a reduction in demand."
"That cannot happen with a cryptocurrency," he said.
Yeah we know that, asshole. And we know that they're not really reducing the money supply at all. Bitcoin is deflationary. Also the rate of Bitcoin issuance is on a mathematical curve, not at the whim of a bunch of Fed idiots. The Fed also QE'd the shit out of the dollar to the tune of $80-100B /month for years and years, devaluing the dollar and actually creating hidden inflation. At 6-8% inflation/ yr, we haven't even begun to see the knock-on effects of all of that money printing.  Furthermore, Donovan noted, a key feature of anything that can be considered a true currency is that it must act as a store of value — essentially meaning that you can put your money into it and be reasonably comfortable that in normal circumstances its value is not going to fluctuate massively.
Cryptocurrencies cannot do that, he says.
"Bitcoin in particular has had, I think, three hyperinflation episodes this year. That is to say its ability to purchase goods has dropped more than 25% in the course of a week. That is not a particularly stable store of value."
Oh rly? I guess my net worth of bitcoin dollar value rising 20X in 4 years is not a 'stable store of value'. Ohh no, woas me.  |
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should i buy now or wait?
How much risk are you willing to take? And how long can you keep hodling if the price tanks down to the $6k range or worse? It all depends on these kind of things, the market can go both ways so you better have a good plan on where you are heading. People were word for word saying these exactly same things in 2013. Just lop off a zero at the end of the price. But if you had bought then anyway regardless of the price (like many of us did) and just forgot about the price for a few years, then you would be where we are today. That's why I advise new people to just buy a little right away. Then watch the markets direction and buy some more later on. Then forget about the price charts and HOLD as a long term investment (think years and years, not months). Also, note that holding for years will test your mettle. Just pretend its in a vault and you can't access it, lol. |
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The only positive change over the last 24 hours on Coinmarketcap (top 100): Tether...
By that logic, all fiat and even precious metals had a green candle against crypto. Lol |
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Are we at the correction of what happened this time yesterday less than 24 hours ago? It is below $9275 all the sudden. What happened over night that caused all this loss?  Looks like some whales wanna pick up some of their own cheap coins. FTFY |
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Not to sound bearish, but looking at the charts it's clear that the pump started in earnest on 11/24 @ ~$8200.
So we could end up revisiting that level at some point. Which would still be healthy and wouldn't end this upward trajectory.
Also, the conspiracist in me says that the pumpers planned to dump ahead of The Big Bang Theory episode. I guess they don't want 3M new Average Joes to jump in to bitcoin. Got to keep them far away. I'm sure the episode will paint Bitcoin in a bad light, like some sort of fly-by-night get rich quick scam...
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thus, the main question from them...with crypto as a 'backstop' was how will I handle it when it goes Tulips?
alas, they are still not on board, getting any....themselves
progress though....by tulips...they see it dumping to 2-3k, so hey I will take what I can get...not going completely to zero
eventually, fomo, will wear everyone down to getting crypto...especially if ETF's ever come to pass...
Funny how all these finance guys keep thinking that you've bought tulips, and that you've always bought them at some high-ish level in a bubble that's clearly going to pop. They think this no matter when you bought bitcoin. Like bitcoins are hot potatoes that if you were stupid enough to buy, you need to dump them fast and make profit before your hands get burned. Then these same guys extol the virtues of having your wealth in the U.S. stock market, which is currently in the most overvalued territory it's ever been in history. I've never seen anything like this in all my years. |
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The major exchanges are all tied together with arbitrage bots.
That sounds..... grrrrreat. |
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Consolidation on 10k, the new floor for futures trading is priced in. If we do see a big dive, I'm suspecting a combination of some tether FUD and a back peddling of the Wallstreet futures tradeing. That might shake a few hands.
On another note, not surprised to see coinbase pulling their usual (down for maintenance) pussy move.
Is it true that stamp went down? I've yet to see that personally.
IIRC 4 big exchanges all shit the bed in peak volume. It's not like its a new thing. Just say the word 'volume' and smoke starts to leak out of Kraken. If that's true, then that means one of two things: 1. Single whale with deep pockets has accounts on each of these exchanges to coordinate PnD 2. Multiple whales are colluding from accounts on each of these exchanges to coordinate PnD But the fact that we now have multiple exchanges reduces upside or downside risk. Plunge protection team... just go offline, lol. |
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Amazed that $40 billion can come out so fast. 15 minutes? Wow. As if it's nothing. At least it's not as much as the Brexit divorce bill. Don't fool yourself. Whales dumping and shorting on the exchange with their own coins is not the same as selling. |
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So are we ready to call this a crash yet?
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Hopefully a lot of new eyeballs to bitcoin.
