Guys i think its over...
IT was a honor ;(
Don’t be silly. It’s not over it’s barely begun. We might go to 3k between here and there but that’s nothing. We will be back bigger and meaner than ever. If changing the world was easy, everyone would do it.
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And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....
In theory tether is pegged very close to the dollar. It has been flat the last year while most coins are still up 300-1000% Quite, but isn't the whole point of this latest round of FUD that Tether is an unbacked scam and therefore not really worth $1 or tethered at all. If the price is stable close to $1 then maybe it's not a scam and all this is just made up shite and not even FUD All the fuckheads have to do is release a letter from the bank confirming the balance. No audit required - we can all count the number of Tether outstanding. It’s a 5 minute job.
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Who in the world is still selling now? You need to be absolutely crazy to sell atm...
Probably the people who got in late, btc was $2600 3 months ago and ran up alot , too much actually I see ads for crappy investments like “pink diamonds went up 10% this year” and I just laugh. I can make that on a shitcoin in an hour.
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How many weeks did 2013 last for? We are 7 weeks now since the peak. To me the slow length of the grind indicates a 2014 situation but happy to be challenged.
Importantly I don’t agree that a 2014 grind out would lead to a 2 year winter. I think the recovery would be much faster this time. Too much happening in the space.
Only 1 year? How about we negotiate for 6 months or less? Can you grant that, Hairy Mac.... ... check with your people, and get back with my people. There is some serious Wall St shit scheduled for second half of 2018. Fully legal, fully regulated crypto stock exchanges are going to become a thing. But that depends a bit on market conditions being right, otherwise they risk delay. Have a read of the Gibraltar Stock Exchage white paper. As Bitcoiners we really need an ERC20 style token. I was hoping RSK was going to come through on this but is apparently still 12 months away. Any suggestions how we can make that happen would be welcome.
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How many weeks did 2013 last for? We are 7 weeks now since the peak. To me the slow length of the grind indicates a 2014 situation but happy to be challenged.
Importantly I don’t agree that a 2014 grind out would lead to a 2 year winter. I think the recovery would be much faster this time. Too much happening in the space.
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LOL
XRP -30%
that rather takes the sting out of events
XRP could well go back to where it came from. And deservedly so.
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So many of these schemes have melted away.
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It's terrifying holding a ton in an alt that *seems* to be holding in the sea of red.
$-wise, it is currently the same as it was 24 hours ago, and in fact pumped up before coming back down.
Yeah don’t do it. It won’t last. No one is safe.
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BTC dominance 35.8%. Grind the shitcoins down.
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Bitcoin dominance 34.9 and rising.
This is how we do.
Edit: 35%.
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Don’t know if any of you used to play Everquest and remember Temple of Veeshan. If so, this seems appropriate today. https://youtu.be/9AcAxGE-8agPS anyone believing in a China coin is getting scammed by the Chinese govt. Large portions of the Chinese govt are run for profit - and that’s not your profit. Chinese govt officials quite happy to play along with scams.
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Dip is now accelerating by my calculations. This means we should soon see a sharp snap back / whipsaw soon after it goes vertically down. I would be cautious in buying back the resultant green candle. We will need consolidation to properly reverse this trend and that is the one thing we are definitely missing.
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Just to be clear... HODLers of the 2013-2014 crash aren't really worried about this, right?
I mean, you guys took a 90% hit, kept accumulating more coins, and eventually the price recovered and boomed.
I personally don't have any fear. Picked some up at 8.5k, looking to see what will happen next.
Hasn't even breached key support yet. Masterluc's graph shows 8k as a possible bottom. We'll see where the bounce takes us.
I bought at $750 and saw lows of $120. Bitcoin is not going anywhere. But plenty of ICO tokens will go to zero. I will be buying very aggressively. This is my chance to put the lessons I learnt in 2014 into action. But Im not buying yet.
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oooooh, I like that theory too tldr/ bitfinex may have been indeed printing unbacked tethers at key moments to snap up cheap coins then selling the BTC OTC for real dollars to back the tethers the auditors were going to notice that things were happening in the wrong order That has a tendency to go wrong when the price stops going up. In happier news, I am going to have a lot more BTC if this shake continues.
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If you want to talk about Jews and precious metals all the time you need to go back to the 1940s where you belong. Pro tip: there is no Bitcoin there
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Yes you can send Tether to BFX and withdraw USD. There is a minimum transaction size. Not sure amount it but it would be at least $10k.
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Loaded indeed !
I have had hundreds of thousands of shitcoins. I don’t think it’s quite the same feeling ! Edit: it’s worth noting that the USDT / USD pair on Kraken is now heavily bot patrolled and locked to 0.995 cents USD. Buy side also matches sell side in order book.
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I’m glad Bob isn’t still waiting for 12.5k.
And here I am waiting for the market to take me out of my position at $11,350.
Edit: great buying guys ! Bottom of the wedge !! .... /hide
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Agree with the previous post. The spam was designed to shake the tree. Bcash was never intended as a viable coin, it was just another tool to shake the tree.
The long term goal was always to get their hands on our Bitcoin.
The Bcash gang has now realized they have shaken the tree a little too vigorously and allowed projects like Raiblocks and Ripple to get momentum. They have no interest in these competing projects so ironically the efforts of the Bcash gang will now be directed at defending Bitcoin against the alts. Bcash will be abandoned, but not before two last pumps to drain further cash from the professional bagholders.
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so, bitcoin cash is the original blockchain. interesting. technically, of course just like ETC is the original Etherium Ummm no. ETC actually is the unforked version. I think a letter to the NIST is in order.
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