Indeed, for most of us bitcoiners there is no incentive to sell.
The thing is though that I don't think there's much incentive to do anything in either direction. I wouldn't really be inclined to buy or sell at present. So if that means a small number does take a direction, a larger number might join in for larks. We really shouldn't underestimate how much the China PBoC has actually helped Bitcoin since January. Yes, helped lol! I know that may sound weird, but look at what has been done to save Bitcoin's bacon this time around: First, removing 100X margin trading was great in that the FOMO buying bubble leading up to the ETF announcement could only go so high. It would have been ALOT higher if 100X margin trading had been enabled. Second, by locking down withdrawal of BTC on the Chinese exchanges, however crappy that may be for their users in the short term, there's zero chance of a Chinese exchange hack happening right now. And that's a good thing. Because no crash reason due to something like that. So the dumpers can't short bigly on bad news. So that has forced the PnD'ers to rethink their strategy. Hence all the fork FUD and altcoin pumping. Other than that, they got nothing right now. |
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Triple digits time mark my words. 900 EUR seems a good buying price.
The thing is, the whale pumper since ~$1000 (2/15) had planned on selling off after the ETF event anyway. He (they?) just need a selloff/crash reason now. Problem is, they don't really have one except "dur hur BU fork threat dur hur, ETH/Dash much better dur hur". Social engineering FUD is all they got left. |
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i bet its gana go F'ing sideways all bloody weekend for another 2 months again
FTFY |
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Yeah, inflation is real and has been going on for some time now. It's the way the Powers that Be can 'socialize their losses' to the masses without raising taxes. Privatize successes, socialize losses. That's their game.
Pretty much like the frog in a slow-boiling pot scenario, prices go up but inflation-adjusted income stays flat or declines. Do that over a long enough period and the sheeple go about their lives and barely notice.... until they start to wonder why they can't afford a good life like their parents had, or why they can't seem to make enough money, no matter how hard they try. Or why they can't afford to even have one child, let along multiple, like their parents could.
They don't really notice that their school loans, power bill, food bill, cable bill, health insurance, and maintenance costs have doubled over the last 7 years, while their income stayed the same. Even purchases like the price of new cars have increased 20-25% over the last decade, yet the sheeple act like nothing happened.
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“With growth momentum nearing its peak and rates increasing further with a hawkish Fed, the asymmetry for equities is turning increasingly negative. This also means more vulnerability to potential shocks, e.g., from European politics, US policy, commodities and China. The increase in risk appetite in recent months and strong positioning by systematic investors such as CTAs and risk parity funds increases ‘vol of vol’ risk, i.e., the potential for a sharp correction.”-Goldman Sachs, March 15th, 2017 
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“With growth momentum nearing its peak and rates increasing further with a hawkish Fed, the asymmetry for equities is turning increasingly negative. This also means more vulnerability to potential shocks, e.g., from European politics, US policy, commodities and China. The increase in risk appetite in recent months and strong positioning by systematic investors such as CTAs and risk parity funds increases ‘vol of vol’ risk, i.e., the potential for a sharp correction.”
-Goldman Sachs, March 15th, 2017
Lol.
Yeah, they're actually admitting to the fact that equities prices are completely divorced from fundamentals, and couple that with higher rates, the stock market bubble will likely pop. What an f-ing joke.
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Looks like that this dip is just the begening
Looks like you sold at the bottom, didn't you?  More like in the middle  Who sold at the bottom? Roger Ver |
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These rather trivial bugs exhibited recently by BU ....
I stopped reading there. And then I started laughing.... Buahahahahaahaaa!! A 0day exploit that allows a hacker to knock all BU nodes offline.... trivial he says......hahahahahahaaa!!! |
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The bad actors have created the fake civil war on purpose. It's about 20% real.
Bitcoin XT and Mike Hearn, Bitcoin Classic and Gavin, Bitcoin Unlimited and Roger Ver.
Three attempts to take-over development with a woefully inadequate support from programmers. Each attack has failed on technical measures before even fooling enough people. Each time they spun up fake nodes on VPS's to mimic support.
The three characters above were once great assets to the Bitcoin community but have become compromised, blackmail, payments or who knows what - but they are being led around by the balls, or truly idiots.
First they ignore you. <--- all other crypto/altcoins are still hereThen they laugh at you. Then they fight you. <--- Bitcoin is here nowThen you win. People don't realize that 'they' (the powers that be) are now circling Bitcoin like sharks, trying desperately in whatever ways they can to slow it down, set it back, or kill it forever. 'They' have run out of physical/technical ways to try and hinder or bring down Bitcoin (e.g., 0day bugs/hacks, DDoS, MtGox insolvency, exchanges hacked and/or going offline, FUD/negative news, etc.) Now they only have one real play left: Social Engineering. They load up the forums with shills/trolls, trying to split the community and sway public opinion against Bitcoin in general. They prop up and promote other alt coins now as "Bitcoin 2.0" and "way better". They string along and stall a Bitcoin ETF ruling for years, only to deny it at the 11th hour and laugh. They have even managed to gaslight former prominent Bitcoin proponents like Gavin, Roger, Mike, and big Chinese miners with false information or outright bullshit (Craig Wright is Satoshi, anyone?). Once this line of BS fails, and it will, the next wave will be direct head-to-head Bitcoin competition: Gov't sponsored/endorsed Bankcoins, and eventually Bankcoin ETFs. Believe it. You read it here first. |
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Altcoins market cap now more than 6billion$. It has almost doubled in... a week? In the meantime, bitcoin price being rock solid.
Let's see what happens when the altcoin bubble explodes...
'Cause things like this totally makes sense, right? Lol https://coinmarketcap.com/currencies/shadowcash/#charts |
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I want to know where to purchase food directly with gold.
Do you think this guy is more likely to accept bitcoin or gold?  In Venezuela, definitely bitcoin. |
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The appetite for bonkers gains from alts is bottomless. Bitcoin needs to progress beyond the level it's at now to differentiate itself enough. The ETF would've done it. I think that's the cause for the alt pump.
Like I said earlier in this thread, all the shark trader $$$ that were ready to trade a bitcoin "pump" on the ETF news didn't get what they were hoping for. So they decided to pump that cash on margin into a few of the latest 'new-whiz-bang' altcoins instead, hoping to whip narrow-minded n00bs into a get rich quick frenzy. And the pumpers always have a known 'crash reason' in their back pocket before doing the pumping (e.g. hack, flaw, etc.), so they can mega short on the way down. But we've seen this all a million times before with other alts (Steem anyone? Nxt anyone? Blackcoin, Darkcoin anyone? Dogecoin anyone?). I think the overall crypto community is much older and wiser now. They see the patterns and the cons now. |
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Altcoins just keep rising smh
Funny, over the years I've observed a pretty repeatable pattern with alt coins: 1) What always precedes an altcoin's parabolic rise is delusion and hubris 2) What always follows it is: - a mega crash, usually caused by a hack, serious flaw, unknown bug, insider theft, etc. - a community left in shock, disbelief - finally acceptance - and then an excruciatingly slow decent into eventual quiet irrelevance |
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By end of the year, I'm guessing between $1600 - $1800.
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First of you loudmouths harping about 'crappy BU code' who can actually exploit this so-called weakness is welcome to my stacks.
I have no idea what your jurisdiction is, but aren't you encouraging someone to break the law here? Which... again depending on your jurisdiction, may also be illegal. My (admittedly drunkenly-expressed) point is... in the grand scope of things, this bug was inconsequential. The only thing at risk was connectivity. Yeah, it was an issue. Now its over. We move on. So what? You're right, now it's over and we move on.... to SegWit. |
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Yeah, it sucks losing money as HODLer these last few years. Really sucks. If I keep up this rate of losing, I'll only retire by 2020.  |
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If you think of a cryptocurrency like a fad and it's long term success or failure based purely on which direction its price is moving in the short term, then you're doing it wrong.  If you think that you can make long term predictions with crypto, then you're either incredibly smart or incredibly stupid  Cryptos are like blunt knives that are made out of innovative material. The material truly is amazing and the right salesman can actually sell these knives by getting people excited about the innovation side, while helping them forget that the knife is actually useless in practical work. If you want to predict crypto, then you have to predict what will get people excited and how will the people holding most weight in the market benefit from it. Doing that in long-term perspective seems difficult to me. And if you try to predict crypto by what gets you excited, then you're gonna have a bad time. Spoken like a true two-bit day trader. You and MatD buddies? Lol |
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Maybe thats it. Then we dont have to worry. But what if it is because of the hard fork rumours? Vinny lingham sold his stash because of it. Africoin takes it in his charts. Vinny Lingham is right most of the time. It just looks strange to me thats all.
If Vinny Lingham sold all his Bitcoin because he thinks we should all go into 'panic mode' over a potential contentious HF, then either he is a poor investor (weak hand), a colluder, or a con artist. He's also been calling for an Altcoin crash (which I agree will happen, but would be pretty normal behavior after a massive PnD). Remember, Mike Hearn has been pretty dead wrong after he supposedly sold all his bitcoin, and people hung on his every word too. |
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