Blame Ethereum and its creator. It needed a reason to exist, and ICOs were scammed to the public as that reason.  |
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Cut
the squid is amongst us now ... everything smells so fishy, 4800 GS top call, ICO's sucking the suckers out of the lucrative IPO market, coordinated chinese "ban" FUD across all US financial media ... they've grown a new tentacle and it's labelled crypto-control
This was going to happen eventually and we are just now feeling the impact of this new tentacle. The question is how we respond to it and what happens next... Buy more bitcoin? |
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By the way, hasn't Roach got his account back yet?
In times such as this, we could all enjoy some explanation on the power of precious metals - and especially silver.
So funny and true. Incidently I've been keeping my on the PM market. Something happening there that's very telling. Major short positions closed and new longs opened... signals? This is all happening along with rise of Bitcoin. If Gold breaks 1350 again along with silver 20+, there could be major things on the horizon. Canary in coalmine? I guess we'll see. |
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Ok, this new one from Business Insider is really craptastic. The author doesn't even try to cover up the FUD, nor differentiate the ICO tokens from legitimate cryptocurrencies like Bitcoin. Here's why China's crypto crackdown is 'bigger than most people think'http://www.businessinsider.com/initial-coin-offering-china-bitcoin-ethereum-peoples-bank-of-china-law-all-crypto-illegal-etoro-2017-9These quotes are a real howler: "Wording of edict makes all cryptocurrency trading illegal, according to eToro China exec;"[/i]
and But he added: "Cryptocurrency related exchanging and trading activities are officially forbidden. If you interpret the law literally then you cannot engage in any crypto exchange — crypto-to-crypto or crypto-to-fiat."
Gotta keep up that massive negativity, keep Average Joe away forever! It's sad that these authors have sold their souls out to the Deep State controlled MSM.  But I guess they are getting paid to spread worthless FUD, so good for them. |
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I've sold all my bitcoins, bitcoin is dead now. Sell everything while you can, I've warned you.
Brand new sock puppet troll contrarian indicator confirmed. |
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ICOS that are rip offs- are rip offs...
What about ones that are not?
No one needs 100 million to start a company that has no legs...
My thoughts exactly. So, where are the ones that are not? To my naive mind, ICOs look like a way to rake money without getting one's company ownership swayed as it would be with VC. I'm glad they're being regulated. Want capital? Gimme stocks, so I own (at least part of) what I paid you, so I can vote if I paid enough. You give me these sumthincoins and if (when) value goes to zero, we're good? Meaning YOU're good and I'm out of luck? No way. That's a nice thought, except that you don't really own the stocks, nor own part of the company. See my post here for details: https://bitcointalk.org/index.php?topic=2098580.msg21161390#msg21161390 |
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Plenty of ICOS will pop up that are not greedy- have decent models and a decent chance of becoming something IRL.
There is a difference.
Regulations are one way of working this out - to some degree - dirty word.
The only ICO company, and I mean *ONLY* one that makes any kind of logical sense to me is Salt Lending. I can clearly see their business case and model. Even then, I wouldn't invest in their token because 1) regulators will step in at some point, and 2) they will eventually have many competitors in the space. All the rest are complete scams/hype/vaporware. |
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I had the chance back in January 2014 to get in on the original Ethereum ICO after hearing Vitalik Buterin speak at Decentral but declined to participate because the whole concept of pre-mined coins seemed sleazy to me. Sure, I could have made a lot of money from ETH but it would have meant compromising my ethics.
Agreed. But it's not just the pre-mine thing, it's the business model too. Or lack thereof rather. Anyone who has spent any time thinking through the idea that Average Joe is going to want to go through the hassle just to buy ETH with their $$$, and then spend it to power PAYG apps that compete with other apps that will be free. That makes zero sense. Nobody will do it. But ETH proponents seem to keep ignoring the elephant in the closet. Just ask people that use Facebook, Twitter, Snapchat if they would still use those apps if they had to buy a coin first and spend it every time they posted something. Nope. And don't get me started on the whole "ETH because dem smart contracts dur hur". |
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Haven't seen this kind of massively coordinated FUD in a while. Notice that all the major news sites had their FUD articles ready to launch at precisely the same time. Must be some big money that wants to get in at a lower price. They knew "China Bans Bitcoin" wouldn't work this time, so they had to take a slightly different angle with the ICOs. FUD can come in many different varieties and flavors, but underneath it is all the same shit.  |
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Hehe... I just saw his Twitter picture still says 'Bitcoin', not 'Bitcoin Cash'. His site bitcoin.com also has BTC/USD ticker on top, not BCH. and when you click on 'buy' button, it says 1 Bitcoin = 4500 USD. That means BTC, not BCH! Sucker! Not to mention he keeps being interviewed in videos and the interview is definitely about Bitcoin, he clearly says/promotes "Bitcoin" and not "Bitcoin Cash", etc. etc. If he really cared about BCH more then he'd never mention Bitcoin again or continue to promote it. I think the whole BCH thing is a complete red herring. He's either being paid off to promote it (by the deep state?), or he's just a complete nut job. Either way, his fork is DOA and doomed from the beginning to fail. |
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Yeah but seems like some people use the GS prediction to start panic selling. Could probably drop to 3.5 this time. Sad that those big players came into the game. Now they have controll over the price of bitcoin with simple predictions.
Simple predictions my ass. They're probably heavily painting the tape so they can come out in hindsight with new fake news articles with titles claiming "Goldman Trading analysts correctly predicted Bitcoin price movement". For them it's all about self promotion and trying to stay relevant. |
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We all know that it will increase soon or late but some unexperienced people may panic sell and blame the media because of that.
And who exactly is there to be blamed? It's not like an Average Joe has someone that they can 'sue' over it. They can't sue the media. Hell, you can't even sue Jim Cramer for giving out bad investment advice on TV. Worrying about 'blaming the media' is laughable, since the media pumps out fake news every single day and real people have died because of it. They don't give a shit about real people, like at all. |
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Interesting to see the PMs rising along with bitcoin. Fun stuff.
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would the Chinese people kindly wake up and buy their freedom. tia
Naw, they'd rather skirt capital controls and arbitrage their coins to 'Merica.  |
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Coming at you from Forbes again, another typical article fitting the profile. The obligatory complimentary title, but of course ends in negativity. Bitcoin Is The New 'Gold'https://www.forbes.com/sites/panosmourdoukoutas/2017/08/30/bitcoin-is-the-new-gold/#54cf56b33b36
"Still, investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.
Especially if they don’t quite understand cryptocurrencies. And they should always be prepared to face the prospect of big governments crushing Bitcoin, as discussed in a previous piece."
I love these schizophrenic articles. The apparent message is "Bitcoin is awesome and people (investors?) are buying millions $$ worth! But big government will soon crush it!"  |
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So any rough expectation on BTC price trend once August is over and many are back from holiday? September Up or down?
I'm listening to a business radio, although I have less and less money in stocks (only a fat load of my company's stock that I can't dump), and yesterday they were talking about Bitcoin. Probably not for the first time, but still, surprising. They said that many people and funds have spent the summer getting money out of the stock market specifically to invest in BTC, and that the money should start flowing in September. Yeah, good thing you don't have much in stocks right now. Even company share buybacks (at record levels) aren't working anymore to prop up their own stocks. Go figure. The trading bots must be rolling over. http://www.nasdaq.com/article/corporate-buybacks-near-record-as-related-etfs-lag-cm595925 |
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wtf is happening?  I love it, but i just can't understand it What's happening right now is a lead indicator of what's going to happen by the end of the year. It has all been centrally planned in advance. The writing is on the wall. |
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