If people (and let's remember: everyone has access to the BTC market) buy Bitcoin up, and these official financial system futures markets got the market sentiment wrong, what are CME or CBOE gonna do, tell everyone they have to give the Bitcoin back to make it right again?  This also ignores the most crucial fact from the BTC futures contracts that exist on exchanges in the official markets: no BTC ever changes hands, they're not settling in BTC or directly participating in the Bitcoin market in any way (or at least not publicly). That means they must follow the real markets, they cannot lead the BTC market. Also, it should be observed how much volume the futures market has daily, and know if any of the liquidity there do affect the existing bitcoin market and why. I reckon it is too early to say, especially if they are only working on 7 months of market data. There are already some people spreading FUD that bitcoin is being manipulated by the whales trading in the futures market. WHAT? |
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@Lucius. A big pump similar to what we have seen last year was a rare occassion, I reckon. We would also be very fortunate to have that happen again within 2 years. But what do we know, the market might surprise us hehehe.
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What is the likelihood for Lebron James to consistently have a triple double in the games he plays in his new team, the LA Lakers.
I reckon not that much anymore hehehe.
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A behavior I am noticing during bitcoin's all time high is comments in the forum do not believe and hate to read about bear predictions. Today, comments that are bull predictions are criticized and trolled. Is bitcoin in its most possible bottom for the year?
i personally have nothing against bull/bear "predictions" but as long as they are reasonable and are more of a speculation rather than a guesswork with random words. for example when the $10k price is resisting and we are already 50% down from the ATH and there is no reason for the drop to happen and then some idiots comes out and says "bitcoin is a bubble" that makes me mad. the same thing is true now when some idiot comes out and says price is going to $50k by the end of the year (less than 6 months) out of nowhere and without any valid speculation. is it the bottom? it certainly looks like it with the strong buy support at $6k, the market attitude towards this price, the psychology about this price including the thing about miners and their profit, and the fact that this is 70% below ATH. if you believe FUD can change the market then you also have to believe that believing in things like 70% drop, repetition of history, ... are also changing the market. Funny observation. When the price is on its very top, all bear warnings that this is the top, it will reverse anytime are criticized. Then on the opposite side, we might be on the bottom because all bull encouragements to buy now are also criticized hehe. We only know as much as those fund managers we criticize. |
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@buwaytress. Hashrate is easily replaced but it might not be by the same people from Sichuan. I reckon there were large buyers of ASICs during the bull rally of 2017 but some of them might have turned their miners off because they could not make a profit in the present condition of low price, high difficulty.
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Notes.
-Gokhan Saki looked very tired inside round 1 of his first UFC fight. Not certain if that will factor in here but if the fight goes longer than 1 round Gokhan Saki could be in trouble.
-Francis Ngannou showed his wrestling and ground game were vulnerable in his last fight. Derrick Lewis has shown good wrestling and that he's good on the ground. Not certain if Lewis' strengths will align against Ngannou's weaknesses. Tough test for Ngannou that's for sure.
-Don't forget Brian Ortega has tested positive for steroids in the past and tends to pace himself in fights--which could be why he has so many round 3 finishes. It might mean that Ortega will have difficulty lasting 5 rounds, especially if Max Holloway pushes the pace.
...
There is another UFC event one day before UFC 226: The Ultimate Fighter 27 Finale.
It will also be Ortega's real test versus a fighter who is on a fighting quality higher than Frankie Edgar. Also, Frankie already should retire I reckon. There is nothing more he can do for the sport, unless he wants to be like Cowboy Cerrone hehehe. |
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A behavior I am noticing during bitcoin's all time high is comments in the forum do not believe and hate to read about bear predictions. Today, comments that are bull predictions are criticized and trolled. Is bitcoin in its most possible bottom for the year?
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Satoshi Nakamoto spent greater effort than many to make certain that his identity was secret and his privacy was protected. If there are people stepping forward and announcing that he or she is Satoshi then it should be taken with great skepticism. Provide the signature, or stop the scam.  Bloomberg News reporter Matthew Leising reports that Satoshi Nakamoto, the legendary “inventor” of bitcoin, may be working on a tell-all that will clear up the identity of who ignited the blockchain and cryptocurrency world with the publication of a white paper in 2008.
now reports that a cryptic message posted Friday at a website possibly linked to Satoshi Nakamoto indicates he (or she, or they) may be stepping forward. Interestingly, the web site indicates that Satoshi Nakamoto is a pseudonym, which would clear up one aspect of the great mystery if the post proves true.
The site’s message details the “first excerpt to a literary work consisting of two parts” that promises “a short story, if you will, with some of the most brought up questions and answers. I wanted the people and the facts to be known.”Read in full https://deadline.com/2018/07/bitcoin-creator-satoshi-nakamoto-may-be-writing-a-book-report-1202420273/ |
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If that flooding really destroyed a mining farm, then it would be welcome news for other miners who would easily replace the loss in hashrate. But the sad news is that the miners that have the resources to make up for the loss would be Bitmain and might have already done it. However Halong might have also taken the chance.
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@gentlemand. That is a good explanation by Kraken. Also, if the peg remains stable on $1.00 = 1 USDT, then that would show that the idea behind USDT is working.
Maybe the journalists are spreading FUD again paid for by the central bankers hehe. They know what's next if Tether grows in marketcap.
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@LTU_btc. Then Lewis will be 1st after 20 laps under team orders and win the race because he will not sign the new Mercedes contract if he does not win the driver's championship hehehe.
@tokeweed. This thread is like an old altcoin scam. It is dying.
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Does anyone know if Kraken is authorized to issue new Tether USDT during periods of increased demand to maintain the $1.00 = 1 USDT peg? Also, how did the people behind this investigation know that those automated sell walls were not from newly issued USDT? Do they have permissioned entry inside Kraken's back office? Can it be seen in the blockchain?  The study cited data between May 1 and June 22 of 56,000 different USDT trades on Kraken and found repetitive orders of unlikely similarity. Curiously specific trades, such as one for 13,076.389 Tethers, were among the most frequently ordered amounts on Kraken during the evaluated time period, leading researchers to conclude that the orders were produced by “automated trading programs.”
On May 9, eight consecutive sell orders, each in the amount of 13,076.389 USDT were filled over the course of 16 seconds without changing the price of Tether in the slightest. Against logic, the following trade of just 75 USDT nudged the price up by $0.0001.
Instead of organic price equalization through a process of supply dilution, we are seeing prices immediately controlled back to $1 by the trading bots following any slight fluctuation. More information is needed to substantiate the allegations of manipulation, but the circumstances are certainly raising alarms.Read in full http://bitcoinist.com/abnormal-tether-kraken-analysts/ |
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Times have surely changed. Back in the day, a $300 to $400 increase in the price would not even have made the news and now it is suddenly a Newsflash!  Someone is playing with some big money to toy with Bitcoin hoarders. They dump a few coins to push the price down with, say $600 and then they bottom out for a while, before they start buying again to push the price up with $800 and then they rinse and repeat. We are just seeing the whales or some big financial institutions, playing us like puppets. That's market manipulation, and the SEC is already investigating the matter very closely according to some news articles. If it finds something, it would be another 1 or 2 months of bad news and FUD that will cause bitcoin to crash down to a new low again. |
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@gentlemand. The injection of liquidity was caused by the increase on the demand in USDT when bitcoin was collapsing, not for the intention of pumping bitcoin. Bitfinex needed to or the $1 = 1 USDT peg could not be maintained.
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Username: bbc.reporter
Post count: 4128
BTC address (must be Segwit): 3D7SpFWuq3MkHQaXTWbc92umQ1QHZfd4dB
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@BillyBobZorton. Dana's original storyboard for UFC 226 was to have 3 champion versus champion fights in 1 super card. But because of scheduling problems and other reasons, only Stipe versus Daniel Cormier was confirmed. TJ is also saying Mighty Mouse is ducking him. During an interview with TMZ, Dillashaw was asked why the “Mighty Mouse” super fight fell off, to which TJ responded by saying that Demetrious Johnson is scared. He further added that Johnson knows that he has a target on his back and he’s comfortable fighting the guys he’s fighting.https://www.mmanews.com/tj-dillashaw-mighty-mouse-ducking/ |
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Larimer is the same fool that co-founded Steemit, and by extension the Steem token.
Steemit is currently experiencing a slow-motion implosion because its Proof-of-Stake (delegated) structure incentivizes rampant cheating and copyright abuse to game the reward pool.
I don't even think he's active in the day-to-day operations of that platform anymore, either.
This guy just churns out shit-tokens, then steps back and takes his cut.
I reckon he already sold all his Steem tokens. But before that he also left Bitshares and sold all his BTS. EOS holders might be his next victims hehe. Also, there was an article that said the EOS controlled wallets only contain 100,000 ETH in total. It was said that most of the 4 billion in ETH they hold are already in an exchange, might be Bitfinex. |
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I cannot express how stupid they are in celebrating that blockchain technology is ok for authentication of evidence. What if they collect evidence that was already wrong from the beginning of an investigation? They would have data that cannot be changed and stored in an immutable ledger.
It displays what some Chinese people know. They said EOS is the best cryptocoin in the cryptospace hehehe.
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