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It's all the merchants. As soon as the merchants get their hand on BTC - they fire sell at the minimum prices to get $Fiat to pay their taxes, overhead and employee salaries.
Bitcoin will only continue to go down when more merchants adopt it and the BTC whales dump their coins for goods and services.
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Original sever IP (actually second one) http://5.9.123.114:19775/My account number "13896932565080013808" does not match. It is "388507031247855324" on this server. Try entering your passphrase a couple of times, if it still gives you a different acc # The Let me know so i can replace it in the M. List before it is to late! My account number has been changed on this new server too. I had my password for NODE stored offline on an USB. Please change my account number: "17780801381767481802" to "16198732227867990925" |
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Argentina is all indifference. Argentina is the only country in the world, as far as I know, that has a "Museum of Debt", an entire museum on the Argentines bailing from their debt obligations going all the way back to the colonial era... ironically, the Museum itself incurred a debt issue and the owner had to sell!  http://en.wikipedia.org/wiki/Museum_of_Foreign_DebtNews that would be positive would maybe be Russia or India doing a 180 on Bitcoin policy |
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On the radio they said men would show up early just to watch her stretch.  |
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Comparing Ethereum with NXT is like comparing a nice car (NXT) with its production and assembly line (Ethereum).
I've just spent a few minutes checking out Ethereums site..... apart from the money slurping machine at the front door, it reads like an extract from NXTs technical discussion section. My favourite part in this post. |
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Argentina, Brazil or Turkey could be the reason of next Bitcoin price jump. Developing countries economics are so bad people try to change their governments. There are huge bans on almost everything in Turkey. People have to use Bitcoin for their financial freedom.
I don't know about Argentina and even less about the prospects in Brazil. I think Turkey, now you mentioned it, could be a real contender. Turkey is very well integrated in the international tourism market, has a remittance population in Germany which sends money home and then there are those rules you mentioned. It was the exchange rules that convinced some Chinese to go big into Bitcoin. I'm rather excited that now there is supposedly 4000 bank terminals in Ukraine which accept Bitcoin but the problem is I don't want to vacation in a country and have my hotel or hostel get blown up by a ballistic missile. |
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It's possible but I am not necessarily holding my breath to see it. As I said there was that $7 trillion dot com bubble in the late 1990s and in 2008 a $10 trillion housing bubble, and most of that capital was exclusive to wealthy Americans and the odd foreign investor.
If something gained traction around the world and was seen as a revolution then it could hit a foreseeable peak around $20 trillion.. but back on this subject, I still don't think just a single BTC is going to lead to much.
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I think TaunSew was my most satisfying "ignore" on the bitcointalk forum so far. The more bullshit and nonsense a troll spouts, the more satisfying it is to hit that ignore button. That's nice. His message was actually directed at Nutildah, something he confirmed with me in messaging and he also made other posts directed at him. By the way not the first time I have been overtly ignored (in a brag post) by a NXT whale and/or one of their shills. The ironic thing is, while they claim to put me on ignore, they definitely still read my posts all the time as evident on their forum.  In this particular case it looks like a genuine NXT whale came out of sleep to address me.  "NXT would be $50 billion, and I would be retired in the Bahamas and I would had gotten away with it if it wasn't for those meddling Sews!" |
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Suggesting Argentina is a Cyprus is a bit of a fallacy. Cyprus was a offshore bank account and the solution to that theft, among many, was a Bitcoin wallet. Argentina is just.. Argentina..
If a meltdown occurred in Argentina who will trade their Bitcoin for worthless Pesos? Even now as we speak, or so I've read, they already pay way above market prices for BTC as there's few suppliers willing to exchange their BTC for Pesos.
Ironically it's the reverse - all the large growth in Bitcoin seems to be opposite where it's people in developing countries looking to acquire $USD. A lot of Chinese raced to buy Bitcoin, for instance, as a means to get around exchange laws.
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There's no substantial ROI left in Bitcoin compared to the risk involved. Investment gold is only $2 trillion. If Bitcoin went up 100 times it would be around $1 trillion capitalization.
If you bought a Bitcoin at $500 and then it hit a capitalization of $1 trillion - you only made $50,000.. definitely nowhere near enough to retire on... Diversifying that $500 into a dozen promising alternates is likely to reap better results.
Issue of course is nobody wants to do their homework. Crypto currencies is being treated like lottery tickets by a lot of people.
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NODE coin which copied NEM distribution is releasing in a matter of days. This is breaking news. https://bitcointalk.org/index.php?topic=590421.msg8111547#msg8111547It'll be interesting to see what the capitalization of NODE will be as it is going to be independent of an asset exchange. My only concern is that the NODE threads are very slow and there's little community to it despite 1200 stakeholders. One big advantage about NODE I think are their developer's backgrounds. Having a lot of development team members from Eastern Europe is going to be a language barrier advantage, much like VK is bigger in Eastern Europe than Facebook. NODE may very well be able to carve itself a big presence in Eastern Europe. I'm reminded that coins with vibrant communities like Dogecoin, which was worth more than NXT back in April, can go very far despite technical handicaps. NEM I think can go far due to its' community and technical strengths. |
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I only sporadically look at NXT but apparently the Digital Goods Store is coming out on August 8 I think (maybe it's been delayed again) and other similar overhauls. There's going to be some sort of rebound as that kind of news always triggers hype / speculation buying.
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Looks like normal range to me. NEM was holding at 24K NXT for awhile and now it's dipped down to 22K NXT.
The problem with being traded on the NXT AE is that NEM's price rides on the value of NXT and also follows its' trends. Everyone seems to be unloading their NXT.
It's a dump and pump. NXT is having a huge content release on August 8 and the whales are purposely crashing down the price as low as possible so they can ride the profit / hype train when NXT rebounds to 7-9 cents after August 8.
A lot of the old school NXTers made a killing when they crashed down NXT to 2 cents in April and then had it rebound to 8 cents after the asset exchange. They're just repeating an old trick.
Per usual I disagree with everything that you just said. The price of NEM is now below its 30-day moving average; I don't know how you define the word normal but its different from how I and the rest of the chart-reading world does. The price of NEM has been falling _in addition to_ the price of NXT falling (in addition to BTC). It was a nice theory that they should be inversely correlated but that's not how its playing out. At this point its extremely risky behavior to purposefully drive the price of a coin down hoping that you can buy in "cheap," as most coins regardless of how good or useful they are tend to go _down_ in value. Frankly I'd like to believe the part about NXT rebounding to 7-9 cents, but with the addition of NEM, Ethereum, MaidSafe, BlackHalo and now Bitshares, there's a lot of other cool stuff happening even among our core subgroup of "innovation-seeker" nerds. NXT is going to have to put on quite a laser light show with fireworks in order to re-harness everybodys splintered attentions. I'ld be really surprised if NXT does not rebound. Klee himself admitted that almost all his funds were moved into BTC, I imagine that's true for other NXT whales - they go back and forth between BTC and NXT. When the price of NXT is "good" for them, such as now where NXT looks like it might hit 3-something cents in a week, they'll go all in and send NXT rebounding right after the content releases. After all it's been done several times already. It's an old fashion pump and dump that you see all the time in coins with low volume and wealthy benefactors. NXT has plenty of millionaires who owe their existence to that coin and have no problem engaging in a bail out (and profiting) coinciding with major releases like the asset exchange and soon-to-be digital good stores and other updates coming in the following weeks. NXT and the assets are very good buys right now as the whales are going to send NXT back up to 8 cents, imo. You just have to sell before they do. |
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Looks like normal range to me. NEM was holding at 24K NXT for awhile and now it's dipped down to 22K NXT.
The problem with being traded on the NXT AE is that NEM's price rides on the value of NXT and also follows its' trends. Everyone seems to be unloading their NXT.
It's a dump and pump. NXT is having a huge content release on August 8 and the whales are purposely crashing down the price as low as possible so they can ride the profit / hype train when NXT rebounds to 7-9 cents after August 8. They did the exact samething back in April by crashing NXT down to 2 cents and then profiting immensely when it rebounded to 8 cents.
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I have a crazy idea: instead of chasing short-term profits based on pump and dump/scamming newbies, how about people actually try to take a long term view and invest/work on/contribute to building up crypto-currencies that can be useful in the real world?
Well you're attempting to fix something which is broke. If we look at overall society with the debt crisis you can make the assumption that people live in the now. Even in the Apple IPO when several hundred became $Fiat millionaires overnight many had sold instead of hold Now with Apple stock at $500 billion it would had been easy for the early investors (which only numbered a few hundred at the IPO) to be multi-billionaires today. A lot of people who invested were young men and had plenty of time in the world to wait. I'm unorthodox but the cryptos I happen to buy I intend to hold for 5 to 20 years. When you consider investment gold is $2 trillion, worldwide investments are $37 trillion and there's $400 trillion derivatives - there's going to be a lot of future billionaires on this forum but many people (especially the 'day traders') are probably going to miss out due to fixation on making a quick buck. |
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There's always been a pump of a month. It's an organized group with huge capital which attracts in the lemmings and the lemmings tend to get destroyed in the process. Much like in the stock market a lot of alternates can be rigged nowadays with insider trading and bots that can perform transactions within milliseconds of a price update - a human daytrader has no chance, intuition cannot beat machine.
Of course the whine threads will continue forever until the alternate section gets shut down.
A lot of people compare alternates with gambling but that's only IF you don't do your homework. It might be a 10x to 1000x return but there's many promising upcoming coins where, if you invest in the beginning and are willing to hold for months / years, you're going to make money on it.. definitely more ROI % then you can get off real estate or regular stocks on the stock market.
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I'm not familiar with the other examples other then Community Coin (which I suggested be renamed to Communist Coin due to its' red colouring and the fact they wanted your Facebook for awhile. if the German Stasi or the Soviet KGB was still around that's what they'ld ask for  ) |
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What about the newcomers? They are used to be somewhat protected from scams and can't understand the risks.
Most people that come here are greedy, chasing that 1000x
If getting 1000x return was that easy, everyone would be filthy rich  Lessons of greed are not free. Everyone can get 1000x return in crypto. It's called diversifying into the newest coins. The issue of course is that you can't gamble like a mad man and have to settle for moderate returns. I've lost out on several coins myself but made plenty on others that it's been a substantial net gain so far. You don't hear me whining that a Loan Shark is about to cut off my leg with a cleaver because I borrowed $400K to invest into Dark when it was $40 million capitalization (yet those people exist in crypto). |
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Re: Will EXO destroy Nxt, NEM, Node aka java crap? When I saw you lump node in with Java, I pretty much knew you have no idea what you're talking about. Node is javascript, not java. And as far as performance, node beats everything else when it comes to comparing the amount of transactions you can process for the same amount of resources (assuming you know what you're doing). Course, unless you're doing something centralized, it wouldn't really be needed, but the fact is that node.js is the "future" for a lot of things on the net. I wish I knew these sort of things about NODE but there isn't a convenient data sheet anywhere that I know of? |
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There's that one Walrus* on the AE who owns like 25 stakes out of 4 billion coins.
* (is it a whale if they only own like 0.006% of NEM? Like half of one percent is a bit different from the whales we see in every other coin who own 5%-95%)
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