That is taking the drawing of lines to a whole different level. |
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The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.
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George Maxwells speak at Coinbase has practically made DASH on Coinbase impossible, ZCash unlikely and XMR very likely.
Very bullish.
Maxwell: "Zcash is not unconditionally sound, can't be with current tech...."
Maxwell: "Dash isn't cryptographically private at all...it's snakeoil and I'm just sort of beside myself about it, personally."
I guess you are referring to this recent video? Seems that I have something to watch tonight. https://www.youtube.com/watch?v=LHPYNZ8i1cUGreg Maxwell on Confidential Transactions, 28 April 2017 Speakers at Coinbase, Published on May 2, 2017 |
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I just got home but while I was out I noticed we hit $2002CAD according to Google. It's about time.  A small step up for Bitcoin, a giant leap forward toward luxurious comfort in my old age (and something to leave my nieces and nephews). Go Bitcoin go. Great meme Jimbo, and good news for you and your family. Let's enjoy it while it lasts  . |
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Are you referring to anyone in particular in your small text? No not really, just a rumor. Do you have difficulties accepting that there can be varying approaches, strategies and views about bitcoin? Or, you just feel good if you can denigrate others who may have differing views from you in one way or another? No not at all. Do you? [...] I would surmise that even a large majority of the big blockers realize that they are just spouting off bullshit [...]
[...] the smarter big blockers likely don't even believe their own bullshit.[...]
[...] We also know that a large number of these big blockers have been propagating this big blocker nonsense for nearly two years and even a little bit before [...]
[...] Surely through the past couple of years big blocker nonsense has been able to contribute to causing some loss of confidence in bitcoin [...]
[...] big blocker saboteurs [...]
[...] the superiority of the seg wit solution [...]
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[...] There was no market capitulation, scaling wasnt really resolved, chinese are still paralyzed and bitfinex is close to insolvency.
Bitcoin while performing quite well in all those year is not exempt from the laws of physics.
Indeed. So the market currently considers more weight to Bitcoin being an open, borderless, decentralized, permissionless, peer-to-peer network. And on a longer time scale proven to be a great store of value, under your own control. (even though rumor goes there are still today legendary members, already burned once or twice, writing walls of text about some infallible money making strategytm, storing their private keys at multiple third parties)
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Who would ever want to trade [your] Bitcoins for dollars?
The taxman. |
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Almost 120$ difference between the price at finex and the price at btc e right now
Strange since I thought BTC-E had issues withdrawing USD as well? |
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I think declining volume is fine as long as the transaction volume and hash rates continue to trend up. [...]
Hashrate (increase) usually follows price increase, the two can't been seen separately. Transaction volume in Monero and other alt coins is probably still mostly people speculating (moving their Moneros to and hopefully from exchanges). A declining volume does not affect price per se, but it does indicate a lack of traders' current interest. Their focus is apparently elsewhere. To me a declining volume over an extended period of time could become a worry. Although a declining volume of development and research would be a much greater worry. Which fortunately is not the case for Monero, the opposite I would say. |
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For the love of Adam, please Bitfinex get to $1337 before you pull back.
(I speculate that is hopefully the moment we will see our OP back in it's true form)
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Thanks for sharing your thoughts.
Any thoughts on the current fiat deposit/withdrawal issue at Bitfinex potentially disturbing the market?
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Perhaps we are in an unrelenting bull market where we have fundamental world wide demand that is pushing the price up? Maybe? I mean, its not like we are having day after day of crazy fomo circa 2013. Its just slow, methodical movement of buying and its been going on for a long time now with the occasional areas becoming overbought. yeah. maybe Aha, bargaining!  Just kidding, and please let your posts coming Afrikoin. Appreciate the opposing perspective you are having over most of the board. |
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Of course it didnt nose dived. People need to buy btc to get their fiat out of Bitfinex. So BTC's price will go up because at of Bitfinex. Question is when where they are going to dump their BTC that they didnt want to buy in the first place.
Bearstamp. |
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Currently no fiat withdrawals on Bitfinex, no matter the currency: https://www.reddit.com/r/BitcoinMarkets/comments/66fiif/despite_claims_re_hkd_chf_there_are_currently_no/dgihy1q/Hi, this is Chris from Bitfinex. I'm really sorry about these delays and the confusion. I have just spoken to the management and this is what I have learned. cc /u/nomadismydj
TL;DR Bitfinex were led to believe by the bank that outgoing wires were possible using CHF and HKD. In fact the vast majority of these wires were rejected over the course of the last week. The team are now arranging a final resolution with the bank to gain custody of the funds and will make announcement in a few hours.
Longer version: Most of the wires that were attempted in CHF and HKD were rejected since last Friday. The bank led iFinex to believe that the wires were possible but the day after the first ones were processed management were asked to provide more documentation, for example a letter from the iFinex client that they can accept CHF. Management then had to resubmit the wire after the bank holiday weekend and was then told that the standard documentation provided wasn't enough.
The whole process was frustrating and lacked clear communication. iFinex are now making arrangements to gain custody of all the funds and have them sent to their attorneys so that they can finally be restored to the customer with minimal delay. New banking partnerships are also being worked on at the same time.
Goes without saying that cryptocurrency withdrawals and deposits are unaffected. Trading is also going well as some people report making killing on the lending rates.
A formal statement will follow in a few hours. Someone from the team will be online to take questions on Whalepool Teamspeak later today.
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There could be more downside risk to XMR/BTC at Polo. If you take a look at the daily chart the StochRSI oscillator is headed down but not in oversold range yet. Possible double bottom set up at .0155. On the other hand price has stabilized at the 50% level from most recent swing low to swing high. Monero is working fine, fees are down after the recent hard fork, traders just need some more time to digest and dismiss the recent FUD.
Also really low volume, and a slumping order book. While with every successful HF protocol update Monero is stronger than before. And many useful and required updates and research to come, thanks to a bunch of dedicated often altruistic internet people. Especially at this stage of Monero, I can't help to not be bullish. The low volume on Poloniex surprises me. |
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~ The more Bitcoin is considered to be a store of value, to more valuable it gets.~
i believe the opposite! the more bitcoin is considered to be a store of value the less people it will attract and the price will be capped at some point soon. bitcoin has always supposed to be a peer to peer digital cash not something some rich people buy and hodl only to gain value and never use. i also like to believe that most of the current value of bitcoin and all the value that bitcoin will possibly have in the future comes from the fact that it is a decentralized a peer to peer digital cash. Bitcoin can be used as cash and a long term store of value. And many other things. Bitcoin will slowly get into deflationary territory while the USD will not. Be patient. |
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bitcoin is literally the most interesting market on the planet.
^calm before the storm==bitcoin price is about to explode up north with leaps and bounds you were never expecting!! :-D weeeee++ Why? What fundamentals have improved recently? Less new bitcoins to be found every 10 minutes. Like clockwork. |
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Hold strong my friends  Nah. I sold a third of my stash. Bought a big ass OLED TV and placed a low buy order. Well played. I want to buy an nice car from my profit of the last couple months. Ford mustang or a mercedes. Still not figured that out yet. Its good to take profit some times. I think Julian is more into motorbikes if I remember correctly, how many 1/3 parts does his stash have |
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