If it goes up anymore, your already sloppy head and shoulders will be completely invalidated.
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Do they not have a point? It's not exactly liquid and becoming more tenuously related to the Bitcoin price by the day. The premium's gone from near nowt to near double. That's not a signal of a market that works very well. The premium is starting to come down. Today: BTCUSD up 5% GBTC down 8%
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Looks like we saw today the highest GBTC premium at close over BTC in two years, and probably the highest intraday premium since inception.
In @ 51, out @ 540. I will wait for the premium to shrink before reentry. notme, how long can the market stay irrational? Longer than I can stay solvent. Good thing I have plenty of the real thing instead of overpriced shares that decay in BTC terms.
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UASF? Do you mean the hard fork that has to be activated by a miner?
UASF stands for User Activated Soft Fork. It’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. We will be free from Jihan Wu on 1st August. I know what it stands for and how it works. It is not user activated and it is not a soft fork.
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Sup fellas...
Are we bleeding down to $1500-$1700?
Or trying for $3000 again?
And what's gonna happen on August 1st? Anyone else a little worried about UASF vs Jihan??
UASF? Do you mean the hard fork that has to be activated by a miner?
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Washing the truck is always rather suspicious.
I don't trust anyone who washes vehicles. I let the dirt build up and then it usually comes off like a complete second skin when I have my next car crash. My latest was with a sheep. I won. I would feel really bad if I crashed into a sheep. The sheep would feel worse though. A wet sheep with soap on it should do wonders if you hit it a few times... Wet soap is a bad store of value. Yeah, that's shit is a bubble.
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That looks like bitcoinity.org to me. The volume bars default to bitcoin (mBTC in fact) on bitcoinity.org and it appears that you haven't changed it. Here is the same BitStamp chart after changing volume to USD.
You're right. Not sure why the default volume listed would be denominated in bitcoin when bitcoin is a derivative of the US dollar so the only thing useful for traders is the USD volume. Anyways, on USD volume Bitfinex is down from halving while bitstamp is up. Finex is a r0ach motel. FTFY
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Looks like we saw today the highest GBTC premium at close over BTC in two years, and probably the highest intraday premium since inception.
In @ 51, out @ 540. I will wait for the premium to shrink before reentry.
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Thank you sir for grossly undervalued service of yours! I have been subscribing to your posts for years now. This this is the last proper thread to my knowledge that has not died out. I really valued Stephen Reed`s and rpietila`s threads as well. I have been dwelling on the idea of using marketcap instead of btc price itself for these models. Therefore the price would be inflation adjusted because the supply of the currency has changed. Or is it already "priced in" by the market i would imagine?? Do you guys (rpietila) have any ideas how to make most out of this bull run in terms of gaining more btc/diversifying portfolio in this bull run aka "how to know if we have hit the top for this runup"? I think rpietila had some insights about having six consecutive weeks green candles and/or 30 percent daily increase? as a indicator. I know this is near impossible to work out but for someone who has 100 % percent of "wealth" invested in btc it provides numerous possibilities for deleveraging one`s portfolio. https://bitcointalk.org/index.php?topic=345065.0
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please somebody tell the KRAKEN trigger happy users to put a pencil in ear until it bleeds and stop dumping Why not just buy their dumps? If they are trigger happy it should work out well for you.
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I think that in this point you can compare bitcoin to gold. There is not enough gold for everybody as well. But exatly that is one of the reasons where gold draws its value from. Personally I think that the payment system part of bitcoin is losing its importance. People use it less and less. So bitcoin needs to be a rare good in order to keep or rise its value.
Gold is way more abundant. There are 165,000 metric tons of gold that have been mined over the centuries[1]. This is 5.305 × 10^9 troy ounces, or enough for everyone on Earth to have about 0.72 ounces. 1. http://www.numbersleuth.org/worlds-gold/
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Secondly, it doesn't matter what you make the blocksize - 2 Mb, 16 Mb 32 Mb. It will still get full and still be spammable.
You keep saying this, but consider that if you double the available space without halving the minimum fee then you double the cost of DOSing legitimate transactions. If blocks are full, there will be fee pressure that ensures this floor (besides the fact that transactions without sufficient fees aren't even relayed anymore). If blocks aren't full, then miners are perfectly capable of determining what transactions are worth the long term cost to include. They are the ones who have to bear that cost after all.
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Upper weekly BB is right around $1700... BTC may indeed soon reach $1700
Boom.... of course, everyone in this thread had their uberbull blinders on, so they were confused because we were already above $1700
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Upper weekly BB is right around $1700... BTC may indeed soon reach $1700
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ATHs for both USD and CAD. Top 5 for EUR and top 10 for JPY. Things are good.
Too bad about the Chinese exchanges. I wonder what the Local Bitcoins figures look like for China.
IDK about price, but here's the volume chart: https://coin.dance/volume/localbitcoins/CNYEdit: They have both CNY and BTC volume, so dividing CNY/BTC for the past week gives 8549 CNY/BTC.
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Right, not USD withdrawals from finex means you can't arbitrage BTCUSD.
I'm not sure why stamp is lower than the other exchanges, but it isn't that far off. It could just be leading.
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Yeah right, what a joke article. So now it's the UASF responsible right? But when the price goes down it's because of Bitcoin Unlimited. Biased to the roots, it sickens me to read such BS. Time to wake up and smell the roses. The Bitcoin community wants Segwit and not your stupid BU crap. Let's let it segwit go live on LTC first. Right now it has never been tested on a network that has actual value. That should be a minimum requirement before we implement such a major change on the bitcoin network.
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