It is all about the volume now. The volume dipped and the price came down.
Don't know what charts you're looking at but volume is as high as it's been since February. Coinmarketcap. https://coinmarketcap.com/currencies/bitcoin/Volume rises during every crash. Then volume and price remains on some level for some time until volume dips and price follows. Now the volume dipped to 7.9B$. Then crash. |
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It is all about the volume now. The volume dipped and the price came down.
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The world will go back to metals again as money no matter how much kicking and screaming the banks do to try and prevent it.
I hold crypto and metals. And hope many others would too. But people are just very stupid. Just tell them to buy some real gold. The question is "What do I do with it?" If five percent of the people used every month five percent of their income to gold and silver, the price would go up sure. The greater real demand would also make price manipulation much harder. People could use physical metals to pay each other directly. And avoid every tax and KYC/AML. But no, people are stupid. Start your own facebook. Make it better, shinier, with more buttons. Technically better in every way. Now see if you can get people to use it. I guess people are now slowly migrating from facebook to gab.ai. In the case of money, people are even more slow. Precious metals are something so weird money for them. They had centuries used metals, but they let TPTB to corrupt it. Now they don't even understand what metals are. Crypto is much easier to adapt. Just download the wallet. Metal is a kind of music, right? Yea. https://www.youtube.com/watch?v=sqkeuEjw7QoLike that. |
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The world will go back to metals again as money no matter how much kicking and screaming the banks do to try and prevent it.
I hold crypto and metals. And hope many others would too. But people are just very stupid. Just tell them to buy some real gold. The question is "What do I do with it?" If five percent of the people used every month five percent of their income to gold and silver, the price would go up sure. The greater real demand would also make price manipulation much harder. People could use physical metals to pay each other directly. And avoid every tax and KYC/AML. But no, people are stupid. Start your own facebook. Make it better, shinier, with more buttons. Technically better in every way. Now see if you can get people to use it. I guess people are now slowly migrating from facebook to gab.ai. In the case of money, people are even more slow. Precious metals are something so weird money for them. They had centuries used metals, but they let TPTB to corrupt it. Now they don't even understand what metals are. Crypto is much easier to adapt. Just download the wallet. |
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The world will go back to metals again as money no matter how much kicking and screaming the banks do to try and prevent it.
I hold crypto and metals. And hope many others would too. But people are just very stupid. Just tell them to buy some real gold. The question is "What do I do with it?" If five percent of the people used every month five percent of their income to gold and silver, the price would go up sure. The greater real demand would also make price manipulation much harder. People could use physical metals to pay each other directly. And avoid every tax and KYC/AML. But no, people are stupid. |
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Hmmm... anyone else notice this about deposits from bitstamp? Timely  REST OF THE WORLD USD INTERNATIONAL deposits are temporarily unavailable due to ongoing migration to a different service provider. USD DOMESTIC deposits may run into minor delays. Decided to make a transfer anyway. Hopefully it goes smooth since my bank is Canadian. Link? Is the point that people do now too much fiat deposits? |
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I hate to sound paranoid... but it's hard when the world is burning like this... but... Has anyone considered this could be the overture to an attack? Which one? The rise of LN or crash of price? |
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Interesting. The dude who is talking there, says Tether is beaten by the TPTB since people can park their crypto gains to Tether instead of FIAT. Of course it risky to hold Tether, but there is a point. The more likely the one USDT is one USD, the more unlikely people would exchange crypto to FIAT. And would avoid all KYC/AML and such. If we could create a decentralized Tether or some other stablecoin which would follow some FIAT or some commodity or asset or index or stock. Why would people hold stocks or such at all? That would be quite a pain for the TPTB. No wonder they do not like the idea of that kind. |
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so we have learnt an important lesson today:
financial crisis in the world determines a fall in crypto markets, same as in other asset classes.
anyway we then know who has mainly driven the crypto market from 10 billions to 700 billions and now 200 billions.
we became dependant of the classical finance, rather than of individual investors..
Of course it will happen that way. when is economic crash everything crashes. Also Gold. But Gold crashes least and recovers fastest. My speculation is that good crypto will recover as fast as Gold. Biggest question I have is when will this happen. In middle of next bull run. After Bitcoin reach next ATH and crash. Or Bitcoin crash after next ATH will be a trigger for an economic crysis. There is going on discussion of this topic on reddit too. https://www.reddit.com/r/xmrtrader/comments/9nl9gd/economic_collapse_and_monero/Go there. |
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Usually I am afraid when the volume gets down. Now the volume has been under 4B$ for a few days, but still the price has been able to climb.
Will it go over 6700$ today? Feels good.
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Bitcoin's volume is now only 3,2B dollars. Since December 2017 it has been this low during just few days.
I hope the volume gets higher or some price crash may happen.
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Volume declines. Only 3,7 Billion dollars now.
May happen a dip down. I hope not.
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Well that just means that Petro has some functionality. What would happen if White House applied the same rules for Bticoin? They get fucked in the ass by the biggest green dildo ever. Fact.  Lets start promote US sanctions for Bitcoin? Anyone has any good Blueprint for that? |
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Well that just means that Petro has some functionality. What would happen if White House applied the same rules for Bticoin? |
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The really amazing part of the Petro is that for the first time an entire nation will learn crypto oriented currency. Boom or bust, this is likely to be a noteworthy turning point in financial history.
Since the Petro is a centralized government coin, it could be printed out of thin air like fiat, so I would not really hold much of them as a storage of wealth. But it is interesting the way, that I could use it, just like Bitcoin, to purchase some stuff from Venezuela. And the banks can do nothing about it. |
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Bitcoin doesn't give a fuck what regulations we put on it. If it ever does, we'll just use Monero.
For crypto transfers, large or small, it's a good solution indeed. But if conversion to fiat is needed, it's back to KYC/AML one way or another. You can convert to fiat without passing KYC/AML. I mean, you could potentially find someone that gives you a briefcase full of cash fiat for your crypto no questions asked. But you have not laundered anything as you end up with an "out of the system" briefcase full of cash that you can use for your daily spending but not for making a high value purchase (real estate, lambo, stocks, etc) without laundering it first. Crypto does not solve the laundering problem nor really helps in tax evading in a significant way. I think finally crypto will sneak in everyday trade and begin replace fiat. So need for krypto-fiat exchange will decline. First crypto will be used to buy un-tangible commodities like webhosting. Monero can already be used for it. https://www.reddit.com/r/Monero/comments/9kk8ar/you_can_now_buy_webhosting_with_monero/Well, problems will arise if the secret police looks account book and finds out the crypto to be used. But when the systems like file sharing, computing, AI and such will begin to buy and sell resources with other such systems, using cryptos, while they are unable to handle the momentary heavy load, there is no need to give receipts or write anything to account book. So there is no way to get busted. And these purchases between the systems can happen millions in every second and they will ultimately be so significant for the operation of technology that it is impossible to interfere with them. Mankind just depends too much of them. Too big to fail. Also, people could buy resources from decentralized systems by crypto. Again. No receipts no account books. No way to get busted. One of these kind on could be a decentralized twitter or reddit. People could pay for the system to store their message for some period of time. After that the message is destroyed. The max strorage time could be one month. That is long time enough to to brake down the corrupted power of centralized twitter and such. Also, this way the storage size will not increase for ever. Are there any of this kind of a service available? |
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the last high was at 6840.9 on bitfinex. will we break the last high this time?
The whole coinmarket is already reacting to the price. I hope it get close to $7000 by month end or above. Most analysis seen does not see the price going below $6000 this month or next except any big exchange was hacked or the ETF was rejected. Some exchange could soon get "hacked". During some rally have such happened. |
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Pump it! (LOUDER)
Like this.  |
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