It rocketed to 680 then dropped to sub 630. Was this market manipulation by day traders? Was it natural? Did something happen yesterday?
If you haven't realized it yet, there are people with large sums of bitcoins that are manipulating the price with pumps and subsequent dumps. I literally posted 5 minutes before the dump that it was going to dump. And it did. All I did was look at the last spike 3 months ago. Right around $680. And like clockwork .... I posted when it hit $680 .... and... This is being manually affected. Bitcoins real price is in the $450-500 range right now. Everything else is manipulation. -B- |
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Dogecoin will surpass 1$ each Dogecoin, as fun as it was, is dead. The only thing that sustains survival is infrastructure, adoption, and commerce. Without that, the endeavour will be short lived. Just my opinion. -B- |
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$720 to $620 in 15 minutes. Up $250 in a week. Totally normal.  |
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Pretty Sure Phinneaus might disagree. Even if I can't spell his name.
-B-
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It just dropped to $618 and you're still telling me im wrong?
Yes, you are wrong. Then you're a special kind of dumb. -B- |
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It just dropped to $618 and you're still telling me im wrong?
I want to know who the assholes are that are screwing with the price and making bitcoin so volatile, making it lose the respect of the masses for their own financial gain.
-B-
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Oh look.
It just dropped to $618.
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Disclaimer: Playing devils advocate here. And I hope im dead wrong. We're back to the peak of the last spike. Right before the convenient fake bad news came out, and the price conveniently crashed. All on FUD. What bad news is going to come out this coming week to make the price crash again? ------ Genuine adoption and commerce don't make the price go up $250 in a week and a half. That's got to be a pump. Agree or disagree?I used to argue with people who claimed BTC price was being manipulated. Then I learned through experience that BOTS, Fake news stories, and whales may be playing around a bit. We can safely say Bitcoins actual value right now is about $450. Is the rest just large holders making profits? I wonder what announcement will go live next week to justify a crash, and make it look like "investor confidence was lost". Again - here's to me being very wrong!  -B- |
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I never sold. I hold.
And I bought a bunch more at $399.
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Any ideas? Please check out the app " AirBitz" ... its available for iPhone. I assume android, etc. It will tell you every business within your radius that accepts bitcoins, including restaurants. Love it. -B- |
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What would be cool was if he took all his BTC and sent transactions of 0.00000001BTC and 1 BTC as the fee 1 million times, so the BTC went into circulation
+1 Or some variation thereof. Although I am fairly certain he is keeping that stash in case of a crisis that may come in the future. There may come a time when this quantity is needed to save the currency. In the far distant future. -B- |
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The only reason 10BTC would be worth $1,000,000 is because of hyperinflation, in which case I wouldn't sell my coins and would be using them for directly buying stuff instead.
Ok so? They're still worth 1 million. So you still have 1 million of buying power. "Six in one. Half a dozen the other" ... Pretty sure we're the new wealthy elite. PS: F Mark T. Williams. http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/ |
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1) Yes : 25 BTC every 10 minutes
1) that is assuming all the miners actually sell all their bitcoins. Exactly. They must mine and immediately cash out, putting those coins into circulation, and causing available quantity of coins to increase. The real question is, how many of the 25 coins mined every 10 minutes go up for sale? -B- |
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I'm not a bitcoin millionaire, got in too late, but its always fun to tell people the (true) story that I was able to buy my new range rover with my Litecoin profits (when it hit $50ish).
-B-
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He is Uncle Sam  +1,000 |
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I was wondering whether Bitcoin, when adopted en-masse, will really liberate merchants from fees that are currently hurting them. Right now it's definitely cheaper, but won't the same necessary security-costs that are placed on the current system be placed on Bitcoin somehow? All these Bitcoin start-ups will need to make money somehow. That means they have to charge either merchants or customers for their services, no matter how innovative and frictionless they make the cryptocurrency use. Here's a quote I read (from Goldman Sachs, I believe): "Much of the cost of the current payment system is attributable to security and legal requirements that Bitcoin providers will eventually need to confront."I'm an advocate for Bitcoin and crypto in general, but I want to tackle this from all angles and learn as much as I can I like that you ask these questions, because everyone's secretly worried about them. Latin House Grill in Miami just said screw it, and went directly with paying them to their wallet. So no BitPay, nothing. Right there they cut out most of the "Bitcoin Merchant Fees". I suppose in the future when you don't need to cash out to Fiat, everyone can just take direct payments. Therefore the only "security" you need is that of the blockchain, which is fully sufficient. That's why someone aptly pointed out that even BitPay's days are numbered, unless they evolve. -B- |
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I thought the op was generally informative and about right. However I dislike an immediate attack on the person as opposed to what was said!. I think its because many of us roll our eyes when someone starts babbling on and on with technical analysis and super cool day trading terms. It implies they think they've got the skinny on why bitcoin is at the current price, and what its going to do next, which most feel is impossible. -B- |
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