I'd say everything is more valuable than bitcoins if you never buy anything for bitcoins.
Sure. I just find your logic quite amusing. Use my bitcoins => buy AWS => find some of the early Satoshi keys => cause bitcoin price drop Any idea why should I use some of my bitcoins to ruin the rest of my bitcoins?! How is that valuable? |
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AWS codes can be bought for $ too.
I'd better buy bitcoins with those $. Or, are you saying AWS codes are more valuable than bitcoins? If you're saying the value of a top30 account in LBC will be less and less..
Yes, definitely!... If measured in bitcoins! |
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What you are saying right now is: "I know you offer early adopters great benefits, but I prefer to wait." It's ok. Like not having bought BTC @ $2.  Rico What you're actually offering isn't to buy but to sell his BTC. So, it is more like not having sold BTC @ $10... That is why he is right in his preference to wait! |
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But, but, but... so many experienced and knowledgeable TA traders said price should go down. Why does it keep creeping up?
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The only question is: will it be big up or big crash?
It doesn't actually matter since every time something big happens ups are bigger and bigger while crashes are smaller and smaller. |
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There is a LOT of buy support over the last few days, much higher than normal. Instead of 5, 10, or 20 blocks of coins being purchased, there's a steady stream of larger whale buys of 100 coins at a time. This indicates one of three things:
1) Someone is front running a Bitcoin ETF approval w/ insider trading
2) Someone has no idea if the ETF will be approved but is buying just in case
3) There were some insolvent Chinese exchanges that are now having to purchase at top dollar
I'd say number 3 seems like the probable answer. What do you think? Edit. It could be all of them! 3 of 3 And 4)... It could be neither of the 3 mentioned above. A lot of people just don't care about ETFs or Chinese exchanges. They want to have at least 1 full bitcoin. |
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Smart contracts explained
What is the point of a smart contract if the loser can fork the chain? |
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economic considerations:
Really? You've finally decided this "project" needs some economic considerations after 23 pages of enthusiastic code churning? |
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You can only cry wolf so many times before people stop giving a shit. I'm honestly shocked they've been able to influence the market as many times as they have.
Indeed. It looks like this time it has very little effect (or none) this time. Price on BTCC: $969.38 Price on Bitstamp: $1024.08  Reminds me about last weeks of MtGox! Chinese exchanges are toast. Good job PBOC! |
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Using past examples where the RSI went higher than 70 has absolutely no significance. RSI over 70 is overbought period.
RSI is suitable for range trading. Using RSI as an indicator when bitcoin is in a very strong uptrend is plain stupid! |
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edit: er...not sure it is gonna work anymore...but pretty sure they will try in some kind of method to do so  (in 2 weeks) (soon) tm bfl In 2 weeks PBOC will force Chinese exchanges to introduce bitcoin withdrawal tax, say 10%, effectively confiscating large portion of bitcoins there. This % might be higher if we have new ATH in 2 weeks. |
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I am not that deep into the whole Ethereum topic yet. I work to get more knowledge about the environment and I plan to buy a bunch of coins. On my research I found an two day old article (1) about J.P. Morgan, Santander and others joining a consortium for Ethereum based developments. What they need is a forkable chain. That is why they will not join bitcoin or classic ethereum. They will join ethereum fork and try to do their business as usual. ETHF already proved they can successfully bail out failed investors. Perfect for actors like J.P. Morgan, Santander etc. |
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The Next Wave of Ethereum Applications is Almost Here - CoinDesk
The next wave of ETHF forks is almost here as well. |
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Nobody is going to pump Bitcoin while the PBOC still needs to regulate the remaining exchanges.
Bitcoin price appreciation is not a result of some pump. It is result from organic demand by thousands new users entering Bitcoin every day. They don't care about PBOC or other CBs chaotic behavior. |
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Wow. China banned bitcoin and less than 48 hours bitcoin is >$1000. Expect new ATH next week!
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Good morning! HeavenlyCreatures found #49 From XXX
To bots@cryptoguru.org
Date Today 08:02
Hi,
I found #49
0d2f533966c6578e1111978ca698f8add7fffdf3:c:priv:000000000000000000000000000000000000000000000000000174176b015001
+ 0xf4c Looking at the PK, the pool must have found it GMT: Sat, 11 Feb 2017 04:32:26 GMT edit: trophies update. cheers! Rico 16 days, 16 days, 33 days, 67 days, ...... And all are with standard and negligible amount of bitcoins, right? I bet all they are from early days bitcoin conferences when participants were given QR code badges with naked privkeys. There are hundreds if not thousands of them. Don't waste your time with this 'project', just contact conference organizers and ask for the list with privkeys! |
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So I'm quite staggered at the lack of panic selling. Ok, we had a $100 drop, which wasn't great, but why isn't it more?
It suggests that there are plenty of Chinese speculators who are 1) Happy to pick up BTC and LTC and let them sit on an exchange for a MONTH before they pull them out, or 2) Who are hoping for a short-term bounce before they cash out, or 3) Who are terrified of withdrawing as fiat due to AML regs.
2) Doesn't ring true for me as I wouldn't expect enough people to support price here, and it's a very risky game.
Anyone have any insights?
Next 24 hours will be critical If hold 950$ line then go up, if not then go back to 800  Well maybe. But I can't get my head around the fact that the panicking hasn't already been more panicky. I mean, someone says your funds are locked for 30 days and how many will just take it on the chin rather than scramble to get them out asap? Agree.. those news not so good for all traders in those exchanges...  Maybe after month we see new dump.. Why wait a month? They're allowed to dump their bitcoins now. They just can't withdraw. Dumb money dumpted their bitcoins yesterday. Smart money are accumulating taking advantage of this opportunity. |
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Anyone have any insights?
Yes, it has been said many times. If you don't like your bitcoins been blocked don't keep them with bitcoin exchanges! |
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It's 8:00am in Beijing, lets see what happens.
It's $989 on stamp and $988 on finex. The Chinese had a chance to dump before they went to bed. After a night's sleep they might start buying back now they can see it hasn't crashed as far as expected. It has got to go up to $1000 by 10am their time. If it doesn't you know something is up and there is dumps to be had through out the day at a feverish rate. By the time the West wakes up it will be a disaster. Do not sleep tonight and watch the disaster happen live.  What disaster? PBOC influence on bitcoin is diminishing every day now. PBOC measures imposed on Chinese bitcoin exchanges are more drastic but price is less impressed with every intervention. PBOC are rapidly depleting their anti-bitcoin ammo. They must be veeeeeeeery careful in regard to bitcoin or they'll be the first central bank bankrupted by bitcoin! |
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I know the PoS phase is going to start, but does this mean that the PoW will end? if so, when is this going to happen and what are going to be the market effects?
ETHF miners will switch mining ETHC blockchain. |
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