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@jimrome. Hehehe maybe Nitrogensports has learned their lesson from last year's Oscar awards and decided not to take a chance this year. I won a modest amount from them on last year's Oscars by following krach's picks.
I reckon many other bettors also did, making the sportsbook lose some money. This year they might be keeping the faucet tight hehehe.
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Anyone who is expecting a strong reversal will be in for a very big disappointment. The bitcoin market does not work that way, not anymore after institutional investors came in.
Bitcoin is in a stage where there will be small pumps followed by stronger dumps, and then a long moment of going up and down in a range near the bottom.
@alyssa85. But that is a log scale. Try drawing trendlines with a regular scale.
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And television sets?
I assume smart TVs will not be the only commonly used smart devices in 5 to 10 years time. I reckon we will have smart refrigerators, ovens, toasters and other newly invented devices maintaining our homes that will be connected to the internet.
If the Monero mining malware starts invading those then I would presume XMR is the winner of IOT for the cryptospace hehehe.
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Is this the end of the age of the HODL and the to the moon like what most of us love to say? I reckon yes, and I do not like it. The increasing correlation of the cryptospace with the stock market would only mean that the end of bitcoin as we know it is almost at hand. The Federal Reserve has already been doing rate hikes and as we already know, it has a negative correlation with the growth of the Stock market. Pair that with the increasing correlation of bitcoin and the S&P500, I would not be expecting it to be a profitable year for cryptocoin trading.  “We can see that bitcoin’s correlation to the broader market has in fact increased, but the current level of correlation still stands below previous periods in the past 14 months,” Morgan Stanley wrote in a note to clients, referring to how the correlation touched 0.35 last June. “Looking at the overall trend during that period, it is clear that correlation with the broader equity market has not been fully established in the data.”
The investment bank speculated that increased institutionalization of the bitcoin market — for example, the rising number of hedge funds dedicated to cryptocurrencies — “may have opened a path to increased correlation,” as it is no longer small retail investors driving the action.Read the whole article https://www.marketwatch.com/story/bitcoin-has-been-acting-unusually-similar-to-the-stock-market-2018-02-07 |
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@Kakmakr. As I said, it's all about maintaining control, not just on its financial system, but also on its citizens. They will keep using FUD and try to misinform everyone into avoiding the cryptospace because it is bad, and that the government is there to protect them.
I reckon some Cryptonote based coins will be the future thanks to its always on privacy features and its Asic resistance. They will be hard to trace and to stop.
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Huh? No, not that. I reckon some of the developers who are in for the bounty are sailing in their own direction and are also trying to get the community behind them to get some consensus.
Somehow I knew something like this would happen. I wish someone like Moneromooo was involved in the rebase, not some developer who cannot be trusted.
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What was the point of that memo and what went on in there that caused smooth to deliver a message?
When stuff like
It is not to decide on consensus upgrades, nor ask grand sweeping questions about the AEON community and direction and So, please, all participants please complete your rebase efforts and make a submission of working code (according to the existing AEON consensus rules) ASAP
are said, I reckon some developers might be having another idea that doesn't go together with what was originally planned by smooth.
Do we have traitors within our community?
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@Nitrogensports. So no chance in adding all the minor categories in the Oscar awards? You know those categories are our only best chance to win some bitcoins from you hehehe. Please include them and bring some unpredictability in the game.
Parlays are also disabled. Why?
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This news has more than 24 hours. I think spreading like it's happening now is FUD. The market is starting to react and rise. It was not this time that they managed to destroy Bitcoin.
But is it really FUD? Should the price of bitcoin be the sole decider on what you think is FUD and what isn't? I reckon our decisions on what FUD is or not are skewed towards the price because it's in our self-interest to do so. This is a mistake. The PBOC is will always try to maintain control of their financial system, and bitcoin is a threat to that control. Think of the longterm ramification of this. Remember, bitcoin is also about our financial freedom, not just the price. |
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@tdeannova. Yes at the end of everything, the powerful and the rich will always get what they want at the expense of the people like us who loyally follow a cryptocoin like it was a religion.
@parepare. That would depend on what they decide hehehe. They can also make decisions that you might not want, like make the market crash.
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I reckon no. But maybe in the future when the whole cryptocoin market has matured and has gained enough volume to make it hard for the whales to easily move the price wherever they want it to go.
But then there will come bigger whales from Wall Street who has control of the billions needed to manipulate the whole cryptocoin market.
We are looking at the transition of the game going from the present whales to the Wall Street super trader billionaires.
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But I thought $50,000 per 1 bitcoin will happen on 2018? What happened? Are the experts now backing out from their predictions they have made last year hehehe? Only a brave and irrational person would be bullish in these bearish times. I reckon we have not seen the end of this crash yet and it might happen for the whole 1st half of the year.  "We've seen it go down 50% at a time. It's quite a resilient currency/commodity/asset that just keeps going up afterwards," said Ran Neu-Ner, host of CNBC's "Cryptotrader." "I think 2018 is the year where the mechanisms to allow retail consumers to get into cryptocurrencies start to open themselves up … The price will become more stable.”
Last week, Neu-Nur predicted bitcoin bottoming around $7,500, indicating that he couldn't see it going much under that due the big uptake in crypto trading, particularly highlighting "a lot of retail money that has gone into bitcoin." A day after his interview on CNBC, the investor "pinned a tweet" forecasting bitcoin to finish this year at $50,000. Read the full article https://www.investopedia.com/news/bitcoin-will-bottom-7500-then-surge-20000-and-stabilize-yearend-early-bull/ |
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“In a long term view, (Bitcoin) is still climbing. Forget about these short term ups and downs,”
If only it were that easy. Humans are emotional creatures and are, most of the time, victims of a collective type of thinking making us act like sheep.
But like all market crashes in the past, it will end at some point, start to recover, and create another market bubble once again hehehe.
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Everything is just a FUD! These FUD stories and news have been greatly flooding the internet and every news outlet. Don't you guys think there is something fish about it? When the price of bitcoins are constantly going up, no bad news comes out but when it is going down there is no good news but only bad news all the way. It's all black propaganda from the people are pushing for bitcoins to go down and so they can buy at really low prices then pump it back up again. This is like what happened last year when there were a lot of news about China banning crypto. There is nothing new here.
I know there is always FUD going around in the media but can we really pinpoint which is FUD and which is the truth? Also, what would make a person from the other side of the fence think it's FUD if he sees bitcoin crashing? |
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Username: bbc.reporter
Post Count: 3569
BTC Address (must be SegWit): 3CcJLbQpDzwmvkMA4apSk9Wmpxto6qpN8A
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Hello Yahoo. My campaign with Parkgene ended today, it would be nice to work with you again. Thank you.
Btctalk name: bbc.reporter
Rank: Hero
Current post count: 3568
bustadice Name: bbcreporter
Wear appropriate signature: Yes
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@sukey2008. What is the sentiment in the local Chinese subforum and the Chinese cryptocoin forums in general? Is is really hard for your citizens to trade fiat to bitcoin and back to fiat?
How are the Chinese exchanges? Are there some still in operation? What about Localbitcoins in your country?
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I'm a bit mixed on this matter. It's yet again an example of how these institutions decide for you what you can do and what not, but on the other hand it will somewhat prevent mentally challenged people from harming themselves.
It's a given rule (at least for me) that you shouldn't spend money that you don't have. Putting yourself into debt just to buy yourself some Bitcoins or whatever or coins or assets is just retarded.
People however will have their ways to avoid this measure and still be able to invest with money that they don't have. It may require them to take an extra step, but they will successfully achieve their goal anyway.
I am on the side of the banks in this matter. Stupid people should not be allowed to gamble in scam cryptocoins and ICOs on credit. What would happen if they lose their investment and cannot pay for their credit card bills or their rent or their school tuition fees because they are in debt? |
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