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Bitfinex is falling off the map. The "volume" you see is the aftermath of people getting the fuck out of dodge.
The real metric is looking at offered loans in USD/BTC, which have dwindled considerably and as of this posting, there is zero USD offered.
BFX is dead man walking, they just don't know it yet.
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All you need now is a few more exchanges to go essentially bankrupt, and then you'll be set!
LOL.
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This "article" is just a easily generated column placeholder.
There is no "unfair" way to distribute an asset that is equally available to anyone with interest in buying it. The whole premise is based on the distribution of coins among early adopters versus late-comers, which is an entirely different thing.
Those that risk their capital on an unproven idea deserve their rewards, you can't scream that its "unfair" that those who grasped what Bitcoin was about first got in ahead of the teeming masses. This dynamic plays out in many ways in other similar circumstances, whether its the first round of capital investment in a startup, or the savvy investor that sees the diamond-in-the-rough of a OTC "Pink Sheet" offering. You can't go back and tell these people risking their money isn't "fair".
The whole argument reduces to this: If you don't have foresight and experience, then you pay the price for being late and stupid.
And I wouldn't want it any other way....
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Bitfinex will use Omni platform for their BFX Omni-token. I would think that will be the biggest and the most used token on the platform. Should this effect OMNI's price? It's up +64% now...
edit: +140% now.
I see, so the success of your unicorn system depends on desperate exchanges that are insolvent? Great business model.... LOL. I have nothing to do with the OMNI platform or OMNI... Oh, well in that case I meant any idiot willing to put their money into a crapcoin that obviously has a defective business model then. |
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Abysmal volume == The market has spoken. Buy at your own risk. Marketcap isn't a reliable indicator for future "success". If anything, it only points to how many people were duped.
But keep on rationalizing the token du jour.... lol
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Bitfinex will use Omni platform for their BFX Omni-token. I would think that will be the biggest and the most used token on the platform. Should this effect OMNI's price? It's up +64% now...
edit: +140% now.
I see, so the success of your unicorn system depends on desperate exchanges that are insolvent? Great business model.... LOL. |
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Next they'll be pointing to sunspots and tea leaves.
Anyone professing knowledge of a move being associated with specific events is usually lying to you. Only when actual financial events occur do market reactions even seem warranted, and even in those cases it can be debated on the severity and manner of influence.
In short, any story saying they know "A" caused "B" to happen in a market is full of shit.
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This news title is pure click-bait.
Zero respect to the "author". If you had good content, you wouldn't need a contentious subject.
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I'd also like to add that a fluctuation of 20 - 30 bucks in Bitcoin price is not exactly notable in the context of other moves. It only seems large in the context of the nearly-flat activity we've had this past month.
But don't let that stop any of the usual e-journalist idiots attributing price movement to whatever pet cause they have this week... after-the-fact reporting is a common trick in the mainstream media, so I'm not surprised to see it regurgitated in the Bitcoin space.
Its obvious these authors don't trade, because they'd be embarrassed to make such newbie comments if they had.
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I fail to see how two random idiots with 40k BTC can do anything on their own.
Any real change is up to the miners, and fortunately the bulk of them are Chinese, who aren't susceptible to the drama back-and-forth we've seen in the North American forums. Network effects being what they are, it would take a concerted effort by many to effect a change of any magnitude. Two "whales" aren't going to do jack shit.
This is also, by the way, why Proof-Of-Stake is a piece of steaming dogshit - these two "whales" would be calling the shots in this situation, which is dangerous unto itself. Proof-Of-Work removes this entirely.
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Needs proper date formatting to be in the News Section.
Although this is more of a PR release than "news", but whatever....
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What a bunch of fucking idiots.
Ethereum's shit idea of rolling back is not a NEW development, nor has it "inspired" anyone.
The very fact that people think ETH's problems are behind it, is laughable. A turing-complete coin is a rolling security vulnerability waiting to happen, and there will be another "problem" in the future. You've got to wonder how many forks it will take before people get sick of ETH, ETH Classic, ETH One More Time, ETH Special Sauce, ETH New Coke and whatever the fuck they come up with.
Its a trainwreck, and they're advising Bitcoin on how to do things? Get fucking stuffed, you inexperienced idiots.
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Every time some Ether-fan-boi speaks, its always about the piles of money they manage to extract from their participants.
That didn't work out so well for the DAO, did it. But now, since they're hard-forking for a "giveback", everything is A-OK, right? Are these people really that obtuse? You've turned your turing-complete-wreck of a coin into a populist laughingstock, and you STILL think that means you're "gaining" somehow?
I just can't fathom these compute-coin hucksters - first they say "code is the contract" then "oops, no it isn't - only when we say it is".
What a farce.
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If no one throws money at these ponzi's, they will indeed die. The problem however is the greed aspect of a lot people here. They know very well that it is a ponzi, but still they don't care and are only interested in the potentially quick returns. That they invest money into something very risky, that's one thing, but what bothers me is that these people willingly put money into a scam. They pay and lose money, and thus support these schemes to make even more victims. That's the dumbest thing ever.
I think, people think if they could use the time to gain an advantage by following ponzi program since its inception. Then they will be able to make a profit before the site will scam. Which also bothers me is why people are willing to take risks that even they already know that they scam: D LOL Change a few words and you could be talking about the Ethereum DAO, lol. PirateAt40 was a goading douchebag. At one point, he taunted everyone that he wouldn't be caught. So much for that claim.... I'd give him 20 years instead of 1 1/2. |
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Yet another shitpost article about how doing a "giveback" is a great thing.
It isn't, and it relegates Ethereum to the scrap pile of shit ideas overtaken by populism.
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its too late mate  * BS Link Redacted * Your post makes zero sense in context of Shrem being released. Spamming your own news site? |
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Why do they even bother trying to post anything about Bitcoin.
The halving isn't some magical event that will create a discontinuity in Bitcoin pricing. There is no "priced in" level for Bitcoin either, since it isn't a Futures contract, and for those that think market equilibrium is an instantly communicated thing, I'd ask them to look up "arbitrage" and explain to me how there can be displacements of pricing if everything is supposedly efficient and "priced in". (Quick answer - it isn't "priced in" ever, which is why arbitrage works.)
On the back-end, miners have less income, but they've been aware of this pending (now past) situation and have made their adjustments. Naturally every mouth-breathing idiot had their scatterbrain theories about how it was going to be the death knell for mining and there would be a gradual drain of network hashing power -- which has been demonstrably proved as a complete lie. The network is humming along and collective hashpower has risen.
As far as price, it takes a while for a fundamental change to be reflected in all of the order books sitting around different exchanges. It also takes time for those that have piles of coins to finally expend them in stupid ways, like scalping price movements or bottom-ticking yet-another-local-low. After all of the morons are done spending their coins like complete fools, only then will the net effect be of price slowly increasing - and then suddenly making a impressive run higher.
All of these things takes time, which is more than an impulsive "e-journalist" can tolerate, or any number of idiot redditors and other wonks that have zero clue about market dynamics.
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This guy is like your grandpa trying to figure out why people use social media.
He doesn't get it, never will, and keeps trying to force it into convenient categories so his ossifying neurons can process it.
He reminds me of those blackberry users, still tied to physical keyboards, pecking away while staring down their bifocals at their emails. Hopelessly out of the loop, yet he doesn't think he is.
Even the SEC is smarter than this guy. They'll look at his "proposal" and laugh it off, its that badly constructed.
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