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Amazeballs

Really?

Ya need to get out more 

Exactamundo !

And the market gave very little of a hoot after faux China ban either (once the shock/FUD hysterical crew had calmed down)

With all due respect - ya obviously do not know me very well lol

lol I LAUGHED at the China  ""ban"" and said it was a temporary load of shyte - which I have little doubt I will be proven correct on

This Russia crap is just utter lels material - seriously  who cares what they do - not me.



(ps Russia MAY tighten controls for retail investors - for now at least- but even if that is the case it will  still make it possible  for sophisticated investors to invest- I would not be surprised by a tightening - not at all.. more to the point I just do not believe that it will matter in the long run- the world will move on and Russia will likely realise that they can not stop BTC anymore than they can P2P - eitherway apart from the usual hysterical FUD storm this Russia "news" is very YAWN!)

ps ....Ledger X tomorrow ? 

...lol with the recent news from Russia re competing with China in Bitcon mining - coupled with the faux China ban , and taken into context with the usual bullshit the MSM spout..

This "supposed" Russia "ban"

Who could really give a flying fuck.

Not me that is for sure.

Not a single fuck given.

(Even if Putin were to come into my  house and smack the hardware  wallet outta my hands I would still laugh in his face)

Yeah feedback and accountability is one thing...when its constructive and useful

Screaming scam and foul play when there is none ..is just a nonsense.

<feigns surprise>

 

Trade closed @ $4475  No reason!!  apart from wanted to close the margin and lock in profit,so I can free it  up to trade the next moves   eyeballing next move.

Been a busy month.

I am all about the RPX today (talking of ICO's)

Looks like it is going to be another interesting month and a bit

Who cares?

(besides if ban actually means regulate crappy ICO's (and  confine them to the black market! then good)

Virtual Currencies Expected to be Regulated in China on October 1s

https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/

 


Can  you see it yet?

hmm yeah I saw somewhere (think it was coinscalendar.com) that its happening on the 25th October- and "BTG" get issued on 1st of Nov appaz

Yawn

<plots>

.....  and meanwhile back in the  Land of the Morning Calm the gaming giant Nexon https://en.wikipedia.org/wiki/Nexon just bought edit bought a 65% share of Korbit (and acquired managing rights) https://www.korbit.co.kr/?locale=en


so first Kakao and days later Nexon.....

hmmmkay







Ya might not be able to see it yet.... but South Korea is going to be (continue to be) huge for Cryptocurrency.... the country is the perfect incubator for it... all of those interlinked technophile internet junkies are going to gobble up lots of coins IMO

....and here was all of us thinking they were levitating  

Suppose you will be tellin' me next that Santa Claus and Unicorns aren't real either 

?

lel

This is  interesting!!

https://www.upbit.com/home#  

https://news.bitcoin.com/koreas-largest-messenger-app-launching-exchange-with-110-cryptocurrencies/

The operator of Kakao Stock, a popular Korean securities trading app based on the country’s number one smartphone messenger app Kakao Talk, is launching a cryptocurrency exchange called Upbit. Over 110 cryptocurrencies will be supported initially including bitcoin, ether, and litecoin. The company says that it will be the largest digital currency exchange in South Korea.

(volume methinks)


Kakao Talk Mobile Messenger Has Over 100 Million Users - http://www.kakao.com/talk

https://en.wikipedia.org/wiki/Kakao

https://en.wikipedia.org/wiki/KakaoBank  

https://en.wikipedia.org/wiki/BankWalletKakao  

https://en.wikipedia.org/wiki/KakaoTalk

https://en.wikipedia.org/wiki/KakaoGroup

I looks like it uses  Kakaos/ UpBit.com  frontends and runs/trades Bittrex in the background....

Interesting indeed.  Think snapchat telegram WhatsApp and mobile bank (and lender) all rolled into one...Kakao have their fingers in many pies see here http://www.kakao.com/main and now with a  upcoming cryptocurrency exchange... these guys are going to be able to buy cryptos easy as 1..2...3 everyone is already plugged into the system all KYC'd up.... and if they integrate across their platforms.... wowwza


South Korea - don't discount their buying power or appetite for cryptocurrency

Lot of ifs

IMO the market is more liquid now than in the past- and I expect it to become more so... it is not as easy for the market to be pushed around at these levels..as it was 3-4 years ago, it has matured in many ways including somewhat the participants.  

I do not discount a black swan event though - I guess it would not be too surprising- It appeals to the pessimist in me... but it would have to be really huge event- to justify a move which would take the market cap down from $116 billion (BTC@$7000) to around $3.3 billion (BTC @$200) which would be a drop of $112ish billion- that would have to be a dump of millions and millions of coins and a total lack of demand...  and then after that a $443 billion rally up to to $447 billion (BTC@ $27,000)

The world, or at the very least the crypto world would have to be on fire.

Most external events of such a catastrophic nature would lead to BTC price increase - war, financial collapse, massive terror attack etc though financial collapse could potentially cause the crash and super recovery

Internal ones- catastrophic bug, vulnerability , regulation - I suppose a bug could cause crash and then the fix once in place the recovery (but $27k after a bug that drained price to $130 hmmmm)


Not saying we wont have volatility -but these numbers would be next level nutty IMO


(ps no I do not think the HF was catastrophic in the slightest- farcical but not catastrophic)

If the market swings to $7000 and then down to $130-$500 then ........ it would be a laughing stock.

What would you suppose would then spur the move from $130-$500 to  $27,000 after that? just pure gambling?

Personally I think such a move would most likely be the death of BTC if not put it into a coma for a considerable amount of time.... from which it would awake potentially irrelevant

I cannot see it - the motivation to sell at those levels would be low- considering the support levels put  in over the years.

In the recent  30% +/- dip the market held above $2800 and there has been considerable volume- I cannot see the market capitulating to that extent ($130-$500) from $7000 barring a near catastrophic event of some type which acts as a catalyst- a event severe enough that causes holders to drop their bags en masse -  an event that causes both the dumping of many coins onto exchanges (I'm talking people/companies moving coins out of cold storage onto exchanges to dump) but also an event that kills demand. The markets are not as thin or illiquid as they once were - though still comparatively so, but it would take a true mass volume dump of of coins to drag the price down 98% to take us from $7000 down to $130 or even 90% ish for $350 -$500 and then an extraordinary event to  ramp the price to $27,000 - like the cryptospace/world would have to be burning in someway for these events to play out (cannot rule it out I guess) Markets can be irrational for sure.. but wow... $200 dollars... I just cannot see it... I would be surprised I do not mind admitting.