What is confusing is that PBoC came to rescue Chinese short sellers.
In what way were they "rescued"? By blocking bitcoin withdrawals on customer accounts. |
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Maybe a large short position was taken out around $950 in anticipation of sales that then got unexpectedly bought up by a raging bull market? Now a very large Chinese miner and fabricator is actually under water to the extent that they are very desperate for a much lower price for its business survival? Such a desperate actor will do anything, including threatening to fork bitcoin or otherwise nuclear options, since it is going bankrupt anyway.
Mind blown. Do you think this theory holds water? What signs would point to miners taking out big shorts? Bitmain needed cash for their new data center they invested heavily last year. They sold customer bitcoins. Nothing unusual there. What is confusing is that PBoC came to rescue Chinese short sellers. If we break $1350 next stop will be >$10,000 bitcoin. |
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I just don't get why they don't understand that people from the rest of the world will follow Core than Unlimited.
Oh, they understand it very well. What they do is not intended to cause hard fork. What they do is intended to cause significant price drop. Shortly, they are bluffing. But bluff has also a price they will have to pay at the end. |
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Maybe a large short position was taken out around $950 in anticipation of sales that then got unexpectedly bought up by a raging bull market? Now a very large Chinese miner and fabricator is actually under water to the extent that they are very desperate for a much lower price for its business survival? Such a desperate actor will do anything, including threatening to fork bitcoin or otherwise nuclear options, since it is going bankrupt anyway. Maybe it is as simple as someone who overly centralised power, and therefore risk, around themselves miscalculated with derivatives bets and now wants a bailout, again?
That is exactly what I'm saying from the very beginning of this blocksize "dispute". It is time for Bitmain either be a regular pool or go bankrupt and clear the way for new pools. |
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Just arrived this from Circle to my email:
Potential Bitcoin Changes
We wanted to provide you with some important information regarding potential changes to Bitcoin that could significantly impact bitcoin held in your Circle Account.
As described in our User Agreement, “Bitcoin is a decentralized currency that operates on open source software protocols which can be used, modified or adapted by anyone... As a result of the decentralized nature of Bitcoin it is possible that sudden, unexpected or controversial changes (“forks”) can be made to Bitcoin.”
Based on recent developments in the Bitcoin ecosystem, it now seems likely that one or more forks of Bitcoin may occur in the near future. Any fork of Bitcoin may have a significant impact on the value of bitcoin and your ability to access the bitcoin you hold with Circle.
What should I do?
The only way to avoid the potential negative consequences of a Bitcoin fork is to not hold bitcoin. Just go to Settings > Currency and convert your balance to dollars, pounds or euro (availability is based on where you live). You’ll then be able to hold those funds with Circle or cash out instantly.
Have more inside on this email but i only copied the 2 paragraphs, but can you understand the impact of this to the people ? This can be the reason of today's dump ?
Nobody in their right mind should hold their bitcoins with Crcle in the first place. |
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ETHF down, ETHC up. Everything goes as expected!
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Definitely feel terrible for selling... im sorry bitcoin  Well, what can I say? Thank you very much for the cheap coins. But don't worry. I'll sell half of them back to you next year when we hit $11,127.50! |
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Bitcoin is now batteling to restore its value of march 18. If bitcoin cant break trough this its a major bearish signal.
There is a sea behind that mountain or there isn't! See?!... I know everything! |
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Of course. XRP is another centralized coin like ETHF. If someone pumps a billion they will have a billion coin. Of course, there will be a lot of suckers dreaming of becoming millionaires and buying that coin but at the end, if they don't dump on time, they'll just be bagholders when dust settles. |
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not too sure why there is much doom and gloom.
There isn't. Couple of weeks ago we just had new ATH. Bitcoin future is bright despite that industries and powers it replaces mobilize more and more resources to fight it. |
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Bagholding ETHF leads to copypaste insanity.
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Why would I want to buy scam tokens on finex when I can just buy BTC, You won't. Neither do I. But psychopaths like Ver and Wu might want to buy bitfinex tokens to prove their point! |
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so right now core tokens are $800, unlimited tokens are $190. gotta admit i don't really understand it but hey core is a larger amount. What does it mean? What are tokens? I dont get it. Anyone can exlain what is going on ? Nothing special really. They'll do everything for money. A bankrupted exchange is offering tools for manipulation and social engineering to whoever is willing to pay most. |
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Who sold at the bottom?
And bought alts at the top?
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Social engineering got Trump elected, and the fact that it might be working on bitcoin is the problem.
Social engineering done by MSM aimed to help HC but in the end couldn't fight overwhelming facts. This is why DT was elected. Facts and DT don't come together True or false it doesn't matter. if you social engineer HC for president you got DT. That's the fact. Get over it. |
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Social engineering got Trump elected, and the fact that it might be working on bitcoin is the problem.
Social engineering done by MSM aimed to help HC but in the end couldn't fight overwhelming facts. This is why DT was elected. |
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If it could happen to ETH it could happen to us.
Sure. Just implement a bitcoin DAO and then fork bitcoin to bailout greedy investors. |
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Yes, and I'm 100% sure that they can't get that huge hash-power.
but this could be like the war on terror. it's gonna be never ending and it can be ramped up whenever it suits people to do so. That's exactly the idea, buddy. PBoC, SEC, alts pump, BU coming right after one another accompanied by massive sell offs all are part of one chain of social engineered attacks. |
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So all of this bullshit is just BU?? Really? Thats what is causing this move downward? Surely there must be something else going on!
Why would you need something else going on? It'll be a total shit storm if we get a hard fork. The shit storm is already going on. BUcoin hardfork is already priced in! No it's not Yes, it is. Chances of a hard fork happening are already above 90%. I'd advise SW pools to switch temporarily to BU and activate the fork then switch back to Core. Better give psychopaths their BUcoin and get rid of those bitcoin haters. |
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So all of this bullshit is just BU?? Really? Thats what is causing this move downward? Surely there must be something else going on!
Why would you need something else going on? It'll be a total shit storm if we get a hard fork. The shit storm is already going on. BUcoin hardfork is already priced in! |
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