I don't think this is the big dump yet. Too weak, so far.
agreed its not a proper dump until the 3day candle goes red 3rd candle - what timeframe is meant by that usually? 1 hour? <snip> I meant until the 3 day chart shows a red candle - in this case though I won't think of this as a dump until we are back at 2000 area, we've come a long way up with little time to build support, it needs to correct back a good way and consolidate a little before attempting $2750/2800 again. |
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on no my bitcoin are only worth what they were worth last night........
oh no these self assurance phrases are starting to kick in. i dunno if these is tha big correction or just another mini dump, but man do i hate beliebers with lambo wet dreams. im hoping for a huge bloodbath, with lots of screaming and tears  me to - more coins please. I'm just pointing out that the dump has not started yet, and you're the newcomer out of the pair of us 2013'ers laddie. |
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I don't think this is the big dump yet. Too weak, so far.
agreed its not a proper dump until the 3day candle goes red |
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no sell everything I want more coins......
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on no my bitcoin are only worth what they were worth last night........
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Finex is 141 USD lower than Stamp. There is simply no fiat left, and if the price is lower than other exchanges and USD deposits are not working, how do they expect to get more fiat? What could possibly go wrong...
At some point an arb opens to buy alts elsewhere move to finex, switch to BTC and move out again. |
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Wonder if Circle regret dropping out of the Bitcoin ecosystem?
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a gentlemen is in order.....
gentlemen...
This is....... |
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What is happening with Bitfinex and Bitstamp? Finex used to be $100 ahead of everyone else, now they are even with everyone except Stamp, that is $100 ahead of everyone.
I suppose Bitfinex corrected the withdraw issue and Bitstamp will be renamed as Bullstamp?
A few days ago it was BearStamp... Bitfinex' problem is a bit more than withdrawl - it's also depositing new fiat in order to buy BTC there, exchange looks like it's running out of fiat to me, look at the funding levels 0.0025% a day -> 148% annually, that was running at <8% annually just after the problems started. |
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I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.
Who knows? But both 2013's high and subsequent hangover were excessive and that brutality was caused by factors that don't exist any more. It's all still being made up as it goes along and visibility is ever growing. Still, if it's sub $1000 I'd be tempted to buy a little more. Everyone talks about "healthy growth" But there is something I don't understand... Healthy growth on a product, whatever it is, means that the growth is backed by a growing demand and/or a diminishing supply. In general it will be backed by an increasing use. Correct me if I'm wrong of course, but what exactly is explaining the btc doubling its price in a month? Did we double btc use? Btc demand? I don't see what's healthy in this growth. I can't say I hate it though of course, but I'm much more sceptical about the "healthy aspect". If you believe the South Korea / Japan stories then it is more than possible we are seeing doubling of demand. |
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Anyone know (or have links to) discussion about why Bitfinex price, after for so long with fiat payment troubles causing an above-market exchange rate, is now lower than Stamp's?
Not got any links but I assume it's because of a lack of fiat at the exchange, no fiat -> no buyers, and it doesn't look like there is an Arb yet for buying Alts elsewhere moving them to finex and switching to BTC so the exchange is stagnating. |
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3 day log chart starting to look pretty parabolic .
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Mining is significantly more than a 1000 times more difficult than it was when the BTC price was $2.5, and also significantly more efficient on kW/hash basis. that said there is a breakeven where Block reward = energy invested in mining + profit margin, so yes price appreciation drives more energy spent on maintaining the chain, this is why at some point halvings wont result in price increases anymore - but in the meantime what's the excess energy capacity globally?
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So has bearstamp become bullstamp? All seems a little odd
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Make it so.
Make it so. Indeed How time flies even if he is the CEO of Xapo we got a Paypal director on board the Choo Choo Train. “Put 1% of your net worth in Bitcoin and forget about it for 10 years” Casares added, baiting new investors to adopt the cryptocurrency" It works. If every American put 1% of their net worth in Bitcoin it would be a cash injection of $247 billion - 309mm Americans , av net worth approx $80,000 x 0.01, where would that take the price? |
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Define Rich?
Probably not
Will likely have made lots of extra USD at some point in the ten year cycle but will a USD be worth anything?
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But as much as you are comfortable with losing and hold it for ten years- you won't regret it. The moment to sell is when it is worth so much you are uncomfortable to lose it.
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things actually make sense on finex....it would of course eventually run out of fiat because no one would send fiat there? hence price getting left behind.
You can see it in the lending rate there now - 0.002% a day, or 107% annualised (before fees) - not Bitcoin returns, but not bad for margin lending. |
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And the sell the fact impetus arrives
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HOLY SHIT whats going on in Altcoin-land  If BTC gets Segwit no one needs LTC(EDIT: or Cripple), ETH still adored by South Korea |
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