Why the fuck did you use a stormfront redirect url? Are you a neo-nazi and got it from there? LOL, pathetic.
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Yep. And he also just follows the crowd of other wannabe TA newbs. I can't WAIT for the short squeeze. There are barely any shorts out there, a long squeeze is far more probable at the moment.
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If true, then oh crap. DanV is notorious for calling it wrong, lol.
He revised his extreme $200 bear calls around 530 and has been temporarily bullish since then. Now he wants to see 700 before retest of the lows.
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Google trends is a shitty short term indicator for bitcoin. In the bearish month April there were a lot more searches for bitcoin than in the bullish period of late May & early June.
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No. It'll never be that high again. Market is too splintered in exchanges and off exchange volume.
Newbies/fresh fiat that are going to panic buy will just go to the main exchanges. There are only 3 main USD exchanges. To justify a price of over 1K you will need to see volume of them combined over 600 million USD similar to the late Nov early Dec period.
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When weekly volume on bitstamp breaks 250 million USD. No sign of that happening so far with volume being in the 20M range.
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It looks like Raphael hasn't logged into bitcointalk for about two days. Is this unusual?
It's weekend.. just wait a little bit until the next business day.
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So let's say a coin is backed by a government authority, how would they distribute it? Would people mine it, PoS it, or would the government have a premine equal to the GDP and them have people come in and exchange it at a 1:1 rate?
It would be rather amusing to see what would happen if the governing authority allowed for people to mine it... It would cause massive inflation for sure!
I guess we'll just have to watch it play out, there isn't a lot of other things we can do.
Governments would only be interested in the efficiency and speed aspects of cryptos. They don't care about those deflationary gold-mimicking aspects. Their control over the people and income is jeopardized if they did it that way. So, if they ever release a crypto it will be a centralized inflationary one not meant to be HODLed but used for transactions.
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Yeah no.
Real coin will be shunned by most of the "Coin" community, seeing as it is a filthy way of riding off the crypto idea. As the the general populace... We must educate them. Now.
Price stability means nothing. It's because some companies want to take it and possibly hold it for bigger profits in the future, or they're taking the risk and just accepting Bitcoin for what it is.
Realcoin actually disgusts me. It's a scheme, and it's just like using a credit card or debit card at a location. We can defeat it by saying that it's just like your credit card but with more and longer complex steps. That would be enough to have people ever away from it.
And then they beg it to Bitcoin as well as the USD, if I read it correctly. So if USD thanks, "Oh nope! Our value is backed by Bitcoin!" (In which case, if realcoin does become popularised, would be great for the BTC price. We own the gold of the future!)
But I have serious doubts about realcoin... I wanna see the code, since there might be "unprecedented security flaws" and it might "just happens to be possible to find the IP of an address".
Realcoin's value has nothing to do with bitcoin. It is just a private crypto version of the USD. So, 1 USD = 1 RC. It will not rival bitcoin for store of wealth qualities, but it could significantly impact bitcoin's market for a quick medium of exchange or the remittances market. However, the counterparty risk with this coin is very high. I doubt it will succeed in the long term. Something similar to realcoin but backed by a very reputable company or even a government is a far greater danger to bitcoin.. Not this amateur realcoin stuff.
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I don't get people who complain about having missed the boat on bitcoin. There are many penny stocks or sometimes even regular stocks that go up a lot more than bitcoin. So what? You can still trade it and profit from it.
I have never seen a penny stock or regular stock grow the equivalent of 12 million% in 4 years like bitcoin. Correct me if I am wrong. The only difference is that penny stocks get dumped, but bitcoin continues to get pumped. However, every year there are a good number of penny stocks that outperform bitcoin, not suggesting it's wise to buy those relative to bitcoin - but there are many.
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I don't get people who complain about having missed the boat on bitcoin. There are many penny stocks or sometimes even regular stocks that go up a lot more than bitcoin. So what? You can still trade it and profit from it.
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Gold was around $700 to $1000 during the financial crash of 08-09. The highs around 2K came much later in 2011 due to FOMO. I doubt it will get back there as those valuations are at the high end for gold only seen in 1980 and 2011 - over 30 years apart...
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But will investors be able to take physical (for lack of better terms) delivery of the actual coins? I haven't seen anywhere that this was mentioned before. If not, then they are effectively trading paper that is merely backed by Bitcoin.
isn't that how gold etfs work? and all etfs for that matter. It could be ETF's are one thing I've never traded. So I don't know. That's why I ask ETFs are basically paper shares, you can't take delivery on the underlying asset. It's not like futures contracts on comex.
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Although that'll likely have a positive affect on bitcoin, I don't see this even having a significant upward impact on the price of bitcoin. More so, I don't see this single event propping the marketcap by over $5B.
It could be a first spark in raising the price that high, but there'll have to be a whole bunch of other events in order for this to happen.
Look at what the Gold ETFs did to the price of Gold since the early 2000s. Something similar could happen to bitcoin, but even more amplified.
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OMG,the trendline since 2011 ist about 130 $ right now.Hope ,we do not get that low. The rallyacceleration (not SR-Trendline but China Trendline) ist strengthened by multiple tests not weakened.
It can hover above it sideways for a long time and meet it at a higher point.
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What if it breaks sideways and nothing happens? Does that count as breaking downwards even if price just stays flat? Because pretty sure that's happened a couple times already.
It can go sideways until it meets the next major log trend line below it (the one from 2011), which imo is more sustainable. The silk road trend line is surely going to break, it has been tested far too often on low volume already.
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In most cases margin calls would simply prevent this. If margin calls can't prevent it, there must be something wrong with the wider market and a whole bunch of lenders/traders are affected. So, the collective scenario is more likely.
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Which Chinese exchange let user lend?
OKCoin and Huobi (through BitVC).
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And that makes up this incredible difference? Well apparently the market thinks so. If the market as reflected by Bitfinex actually is a real and free market that is ...
The Chinese exchanges recently have been copying BFX's swap model and their rates are fairly similar. The high interest rates are basically bitcoin exchange risk premiums.
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sub 600 is easy to achieve, post 700 requires a lot of fresh money to absorb the dumps from the leveraged gamblers.
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