Where are this people who trade on Bitfinex? Why they dont post here?
Do they know about the risks? About tether?
I happily trade there. Do the Tether pundits realize that the USD on every exchange in the world is not actually USD but simply a debt owed by the exchange to the customer? Why should I care if that debt is represented by a crypto token instead of a line in an Excel spreadsheet ? Yes Tether might be fractional reserve banking but you can do fractional reserve banking in Excel too. |
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usually the time between bubbles / peaks is roughly 4 times longer each time. so we could be looking at 16 years. In that time im sure bitcoin will not be number 1 any longer.
Anyone looking to past behaviour in a nine year old market that's constantly evolving and being discovered by new people is a large, pendulous, milky tit. With stretch marks. thats what you guys say every single bubble. and bitcoin evolves does it? I’ve always wanted a pet bear. |
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So there’s $110 million on stamp in orders and 2300 coins on the books. Which is about $47k in fiat for each coin. So what would be a normal ratio?
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Update on my Iota withdrawal from Bitfinex: Nothing.
Pending for 44 hours after approval now. Sent three reminders on my support ticket. No reply.
Great.
IOTA is so much fail. Don't use this shit. Sounds more like a problem with bitfinex... I don’t like being a BFX tout but I have withdrawn bitcoin and monero from BFX in the past 24 hours and it has been completed next block. Hm. Interesting. I had trouble withdrawing iota from bitfinex myself but I can't say that I ever tried to withdraw anything else from there so I'll take your word for it. Also. Smart call buying monero  Looks like it. Monero up 15% today. Just passed Neo on market cap, now 8th ranked crypto. I don’t believe in BS tokens but I do like innovative currencies. Only 0.2 of a billion to pass Iota as well. |
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I predicted on here years ago that when you can buy Bitcoins with a normal brokerage, bitcoin would surge to $10K. Now up at $8K we get news that BTC will be listed on CME? I dont know what to make of it now that we are already up here. Then the price moves just 10%? I guess insider knowledge of this is what was fueling the rally all along.
Unfortunately the culture of hoarding (hodling) means we are suffering a paucity of coins. Suggest you revise your prediction upwards. |
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This is today’s article from The Australian (a national newspaper and it is the most bullish thing I have read in the mainstream media. You can skip most of it but read point 4. Why Bitcoin Will Fail
As bitcoin — an alternative global currency — breaks another new record with a serious jump in value this week to cross $US8,300, one of the world’s biggest banks has spelled out why it won’t work.
Paris based BNP Paribas has gone beyond the usual arguments about crime, security and tax evasion to pinpoint why bitcoin can’t fulfil the promise at the heart of its success — to offer consumers an alternative means of exchange to banks and currencies as we know them.
The French Bank is reacting to the growing acceptance of bitcoin and other cryptocurrencies around the world. In Japan, bitcoin has been accepted as “a legitimate method of payment,” while in the US, the Chicago Mercantile Exchange is planning to trade bitcoin futures.
Here’s the main flaws from BNP Paribas:
1. It offers no lender of last resort — Every shaky European bank would certainly understand quickly the importance of this function in a currency. If there is a crisis, bitcoin has no well funded regulator to step in and cover losses. BNP says in that scenario consumers would rush to find real cash which could in turn create a run on banks, the biggest nightmare in the financial system.
2. Deflation — Though speculators love that there is only a finite number of bitcoins, this means you have the opposite of inflation as a looming problem. With just 16.7 million bitcoins in circulation, the risk of inflation is eliminated but deflation, already an issue in global trade, could cause a range of problems in the future.
3. Unreliable exchange of value — Bitcoin’s wildly fluctuating share price is perfect for traders but hell for consumers if they wish to use it in any significant fashion.
4. No profits for central banks — If bitcoin genuinely starts to replace cash as we know it central banks will lose a key source of income called seigniorage, which is the profit they get from printing money. No government will want to subsidise central banks which have lost a revenue source.
In short, BNP Paribas infers bitcoin could undermine the global monetary system as we know it. On that basis that bank suggests a global coordinated move to regulate bitcoin is on the cards. In Sydney, AMP chief economist Shane Oliver has also been looking at the issue. Usefully, Oliver says he does not
fully understand bitcoin (who really does?) and though he worries it is a bubble he also says there is every chance the value of bitcoin may keep going up for some time. Intriguingly, Oliver also floats the idea that bitcoin and its cryptocurrency variants may survive — or at least the blockchain technology behind them may survive. But Oliver believes the cryptocurrencies of the future will be official just like the legal tender of notes and coins of today.[/quote{ |
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Dear Mr Bitcoin
Please hurry up. I want to be rich right now.
Sincerely
Hairy
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Pay attention.
 Who wants in on a group buy of BTC embroidered chairs? |
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Changelly accepts BTG. Has anyone used them? They look reputable, and cool too. https://changelly.com/I'm drooling for some more BTC from the BTG airdrop I got today. Or should I wait for an imminent BTG super-pump? Used them quite a bit. 9/10 always good and reasonably quick. Occasionally they have delays with LTC or even BTC when Jihan Wu decides to play Bitcoin God. Thanks, good to know. Because Kraken don't list BTG yet, and even if they did, they are almost unusable lately... Yea fucky kraken stealing our money from bitcoin gold, still No news about it.. I just split mine off with Ledger.... check Sent to Bittrex... check set ridiculous sell order...check wait for pump. Patience ...no hurry.... sell order will fill... eventually....they always do in crypto ...free money Pay attention. This is how you day trade. Set your limit orders and then go to the beach. If you have to place a market order, it means you are behind the market and not in front of it. This means you are doing it wrong. |
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Bitcoin down to $8135. Is Bitcoin dying?
Bitcoin up to $8153. Is Bitcoin a bubble? Bitcoin still $8153. Is Bitcoin getting stable? Bitcoin $8081. Bitcoin is dead. |
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Disclaimer: I am a massive BTC fanboy. BTC will be THE store of value in the future. Price will rise bigger than McAfees's dick can ever grow. But not for payments, especially not for micro payments. Risking to be marked as an altcoin shill, as I was tagged before, because I was speaking well about Iota (some people just cannot grasp that there is anything else useful than BTC that is not a Scam)... I would like to point you guys to something maybe even better than Iota: And that is Radix. It has been in the pipeline and tested for a few years now. Especially their economic model I find genious. Check out https://www.radix.global/I rest my case and go back to my cave... After skimming the white paper for two minutes - Radix heavily relies on sharding. Sharding has not been solved for ETH yet. What special advantage does Radix have that it thinks it can solve sharding before ETH? |
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Bitcoin down to $8135. Is Bitcoin dying?
Bitcoin up to $8153. Is Bitcoin a bubble? |
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A net or layers of nets would stop them emp as well i imagine Drones are like clay pigeons but slower. |
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Update on my Iota withdrawal from Bitfinex: Nothing.
Pending for 44 hours after approval now. Sent three reminders on my support ticket. No reply.
Great.
IOTA is so much fail. Don't use this shit. Sounds more like a problem with bitfinex... I don’t like being a BFX tout but I have withdrawn bitcoin and monero from BFX in the past 24 hours and it has been completed next block. |
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If it is a coincidence that Tether is hacked three days after a social media campaign starts against it on Reddit, then that is a remarkable coincidence.
It reads to me like the growing hubub triggerring a bank run, and then Tether creating this incident in-house as a delaying tactic. Classic ponzi bank run behavior. Ok let’s assume the rumors are true. Can we correlate the lift off in Bitcoin price to the date that Tether started circulating? |
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And to the people suggesting that this is fud from bch camp: imo this would mean all USDT/Tether pairings on bitfinex are suspect for price rigging including bcash.
If it is a coincidence that Tether is hacked three days after a social media campaign starts against it on Reddit, then that is a remarkable coincidence. |
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So let's say hypothetically @Bitfinex'ed is right about Bitfinex not having $600 million in Taiwanese banks, and the USDT are not redeemable. If USDT automatically becomes worthless, what would happen to the USDT trading pair? If everyone just lost their USDT is it possible that the price of bitcoin stays unaffected unless there is some sort of panic?  If anyone thinks their US$ is worth anything on any crypto exchange, then they are a goose. |
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Why the fuck would anyone hack a token like Tether? Just because they can? There's no need for further motivation. They tried to create a market moving event and failed miserably. Roger Ver’s spam boys have been on Reddit all week crapping on about how Tether is a scam and going to bring down the entire crypto ecosystem. Money badger don’t care. Money badger don’t give a fuck. |
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BTG started trading on Bittrex a couple of hours ago and it is surging. Sure wish Coinmarketcap would get their shit together and add it to the first page. It is currently the number 5 coin by market cap.
I think the problem is CoinMarketCap doesn’t know how many are issued so can’t calculate the market cap. |
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