Hmm Old Crypto taking big positions at BTCe. Could be bullish.
PPC was pumped and dumped like some whore. 200% up in 2 hours then dump to starting point. Doesn't mean the buyer(s) dumped it all. Looks like the buying ran into heavy sell orders by the looks of those candle wicks. Probably bagholders cashing out. Just wonder why they would choose to resurrect those old school coins. A huge bagholder(David Pate?) pumped the price a last time to finally get out. Pretty obvious, or do you think that PPC has any future. The same is happening with BTC right now, only in slow motion(the dump, so that potential buyers(future bagholders) do not get scared away). David Pate lol I remember that dude Didnīt lose about 1-2000 BTC while pumping MCXshares on mcxnow.com , lol. Edit: Lol, his last tweets: "In need for a epic BTC pump, Fontas, where you at?!?!" "Hey Russians, your money is junk, buy Bitcoin!!!" "My BTC, My BTC, why have you forsaken me?" "Just trying to end the day with more coin than I started with." "Just finished talking with EU lawyer to get ball rolling in my lawsuit against KNC, this should be interesting to say the least." As BTC/LTC get ready for lift off, all I can do is sit here and wonder if I have bought enough. I think I will go mortgage the house.. https://twitter.com/davidpate8/status/564467854204878848That guy is the definition of a bagholder.  I guess Karma does exist. Thatīs what he received for pumping alts on BTC-E He wrote this in October, saying that the price was too low for him (a miner) to profit, price was at $375!  https://twitter.com/davidpate8/status/517325086307913728Imagine how he's doing (would do?) now |
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it could rise to 6k in the next 6 months for all we know...
yes, that's what people said in the beginning of 2014... And they were as legit back then in their predictions as you are now. To argue your calim with "because trend says so" is just plain retarded. Trend could turn over tomorrow for what we know, and yes that's as legit claim as OP. "Trend could turn over tomorrow". Without new money coming in exchanges and demand severly constantly decreasing, I seriously doubt that is possible  https://bitcointalk.org/index.php?topic=934650.0 |
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Hmm Old Crypto taking big positions at BTCe. Could be bullish.
PPC was pumped and dumped like some whore. 200% up in 2 hours then dump to starting point. Doesn't mean the buyer(s) dumped it all. Looks like the buying ran into heavy sell orders by the looks of those candle wicks. Probably bagholders cashing out. Just wonder why they would choose to resurrect those old school coins. A huge bagholder(David Pate?) pumped the price a last time to finally get out. Pretty obvious, or do you think that PPC has any future. The same is happening with BTC right now, only in slow motion(the dump, so that potential buyers(future bagholders) do not get scared away). David Pate lol I remember that dude |
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It could be a good thing if that exchange has gone down.
More coins are lost which limits supply hence a price rise.
Just like the MtGox collapse and itīs missing 800k BTC made the price skyrocket. |
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It could be a good thing if that exchange has gone down.
More coins are lost which limits supply hence a price rise.
Yeah but the coins are not "lost", the scammers have them, and you can only guess what they are gonna do with them |
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how can you guys expect a $20000 investment to me worth a million in a matter of 5 years?
dreamers dream big.. in total denial of how the world works.
Right, totally unpossible to go 50x in 5 years.... Dude, we went up more than that in 1 year ! yes but that happened in the growth and recognition stage. before it was even useful for anything. 10k for a pizza. we are way past that now. growth will be gradual not exponential. Do the math... https://www.youtube.com/watch?v=Lge4A1o1ixothis guy breaks it nicely. Just look at the marketcaps of other decentralizing apps and compare it with bitcoin and what bitcoin aims (to become the 1st payment system electronically). David Seaman is a fool. lol Do you know him? Do you know the ridiculous bullshit he posts on twitter every month? |
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"Mycoin.hk", a bitcoin thing in Hong Kong, apparenly closed without warning and owners disappeared with all clients coins. Losses seem to be about 3 billion yuan, or 500 million USD -- on the same level as the MtGOX collapse. The nature of mycoin.hk's business was not clear. It apparently involved mining, and perhaps some Ponzi-like scheme. I could not tell whether it also worked as a live exchange. Article in Chinese: http://hk.apple.nextmedia.com/news/art/20150208/19034053Google translation: WASHINGTON virtual currency Bitcoin (Bitcoin) once touted, Hong Kong discovered bust incident involving three billion yuan. Legislative Councillor Leung Yiu-chung received nearly ten investors in Bitcoin for help, said the suspect was a bit currency trading scams and storage platform, the largest loss of over $ 10 million estimate amounted to 30 the number of people affected, involving an amount or up to three billion yuan, victims today collective police. [
] EDIT: See also the reddit thread. One comment in there claims that the report is incorrect. Never heard of that site, 500 million USD? what? How is that even possible for an almost unknown site like that to have so many funds? |
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This time, 4 realz.  |
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It is in fact cheaper for online transactions
It's cheap now that miners are allowed to print money faster than the FED mine bitcoins with a high block reward. Bitcoin core developers like Peter Todd already said "in regards to fee economics we're probably already in deep shit in the long run". Yeah, cheap, forevah. safer for protecting your identity
Sure, if you're dealing with child pr0nz you want to protect your identity. I am sure the average Joe prefers to remain anonymous over the fact that he can get his money back if somebody steals it or gets lost with credit cards data breaches and whatnot (VERY EASY to get your coins stolen with bitcoin if you have to move your money around and use it, but yeah as long as it's in cold storage and you don't use it's secure... lol) simpler for international transactions
It's so much simpler for the average Joe to get into bitcoin that he needs to do wire transfers to some obscure exchange and wait few days to be able to buy bitcoin, but be careful, he should also look into trading and pay the fees to convert his BTC to USD (and keep it in an exchange online, because secure) else he can get easily screwed by the volatility which defies the whole purpose to use it as a currency. As an alternative to wire transfers to buy bitcoin (and use bitcoin to pay for goods and services online instead of those ugly credit cards), he can buy it on circle with a... ehm... credit card. Woops. All of this is very user-friendly, straightforward and very convenient for the average joe. Very appealing. faster for online payments
Left time I checked credit card transactions were instant. and more secure
Credit cards can give you your money back in case of data breaches and what not, if you lose your bitcoins or you get hacked (happens all the time even to people who tried their best to secure their funds, again, if they have to move their money around), you get nothing, it's over, you're done.
Yes he addressed scaling in the whitepaper.
Yeah, it's so addressed in the whitepaper that the bitcoin community is having debates on a solution proposal that created more controversy (and arguably other problems too) anyone has ever seen within the community. However, since then I have come to realize that bitcoin was never intended for large-scale use, but only to test whether the solution proposed by Satoshi to the "distributed ledger problem" (block reward + proof-of-work + longest-chain-wins) would indeed motivate the miners to maintain the ledger and protect it from malicious attacks. The experiment has been running for 6 years, which is remarkable; but it exposed one flaw -- the centralization of mining -- which may require another genial idea to solve.
Well, the ripple network (but yeah as you said, the ripple NETWORK, not ripple the coin) and their consensus protocol solves most of these problems. No mining or mining centralisation, more scalable, it effectively cuts fees that are gonna stay low forever (not like in bitcoin), no proof-of-work, no wasting of resources etc but most importantly it doesn't force you to adopt a volatile ponzi currency that nobody needs or wants. You can put any asset or currency in the network and it's more suitable for smart contracts and all the other possible "blockchain technology" applications. And that's an example of distributed ledger that works, others might follow the coming years. distributed ledgers = the internet cryptocurrencies = pets.com |
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Yep, imagine some people buying bitcoin with localbitcoins, they might buy directly from some pedos that are trying to get rid of their filthy money .-. |
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quite funny when 99% of all crimes in the younger history was funded with fiat That's another story, I was just saying to inca why I use the reference to child porn, because the phenomenon, although small for now, is out there, that's it. If you really wanna go there tho, the real numbers you should look at are: -amount of fiat money used for child porn / all fiat around the world combined VS -amount of bitcoin money used for child porn / bitcoin marketcap Of course the majority of child porn is funded with fiat, bitcoin is more unknown and its marketcap is a lot smaller. Question would be, which of the two is easier and more convenient to use for child pornographers? |
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One of the many bitcoin paradoxes: If the amount of money dumped spent with merchants through Bitpay is insignificant, that means that very few people are using bitcoin to buy stuff that is not drugz or child pr0nz with bitcoin on the deep web -> there is no real "adoption". If that amount is significant, add that the the daily sell pressure on the price, as if demand is not low enough  checkmate One of the many amazing aspects of bitcoin FUNDAMENTALZZZ!!11  The fallacy is that the issue with providing liquidity to the BTC economy is on a decline. The reality is that more and more services are becoming available to facilitate easy entry into this market. One of the big successes of BTC-e when LTC was starting to get a foot hold was the introduction of deposits from credit card. As time goes on this "issue" that may or may not be a real issue today will not be used as an argument against BTC and its future. Easier entries doesn't necessarily mean that a significant amount of people (significant compared to the selling pressure and overall supply) will want to buy it tho |
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One of the many bitcoin paradoxes: If the amount of money dumped spent with merchants through Bitpay is insignificant, that means that very few people are using bitcoin to buy stuff that is not drugz or child pr0nz with bitcoin on the deep web -> there is no real "adoption". If that amount is significant, add that the the daily sell pressure on the price, as if demand is not low enough checkmate One of the many amazing aspects of bitcoin FUNDAMENTALZZZ!!11 |
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One of the many bitcoin paradoxes: If the amount of money dumped spent with merchants through Bitpay is insignificant, that means that very few people are using bitcoin to buy stuff that is not drugz or child pr0nz with bitcoin on the deep web -> there is no real "adoption" (as a currency). If that amount is significant, add that the the daily sell pressure on the price, as if demand is not low enough |
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Very interesting article |
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In that link there is no reference to actual transaction volume, it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money? I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that. Because that was my point, people buying bitcoin to use it for its supposed utility as a currency.  @NotHatinJustTrollin. Knowledge, Understanding & Wisdom is a lost art on you it seems. Why the hell are you posting a pic of BTC-E? Does that answer any of these questions (especially the last one)? Nope. it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that. Unfortunately your lack of wisdom is evidently shown publicly. Your incompetence in exercising understanding is imponderable. http://www.btcfeed.net/news/bitpay-processed-over-100-million-in-bitcoin-transactions/What about the last question? In a 3-10 billion marketcap currency there are some whales that can dump spend coins, what a surprise. Who is actually using those bitcoin as a currency? "people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?"? One is one to many for free advise However know that the Value of BTC is outside your present perspective. I take it as "I can't answer that shit". |
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In that link there is no reference to actual transaction volume, it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money? I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that. Because that was my point, people buying bitcoin to use it for its supposed utility as a currency. @NotHatinJustTrollin. Knowledge, Understanding & Wisdom is a lost art on you it seems. Why the hell are you posting a pic of BTC-E? Does that answer any of these questions (especially the last one)? Nope. it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that. Unfortunately your lack of wisdom is evidently shown publicly. Your incompetence in exercising understanding is imponderable. http://www.btcfeed.net/news/bitpay-processed-over-100-million-in-bitcoin-transactions/What about the last question? In a 3-10 billion marketcap currency there are some whales that can dump spend coins, what a surprise. Who is actually using those bitcoin as a currency? "people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?"? |
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In that link there is no reference to actual transaction volume, it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money? I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that. Because that was my point, people buying bitcoin to use it for its supposed utility as a currency. @NotHatinJustTrollin. Knowledge, Understanding & Wisdom is a lost art on you it seems. Why the hell are you posting a pic of BTC-E? Does that answer any of these questions (especially the last one)? Nope. it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that. |
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In that link there is no reference to actual transaction volume, it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money? I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that. Because that was my point, people buying bitcoin to use it for its supposed utility as a currency. |
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