Someone's dump is someone's pump. Might also turn around. In every similar situation in the past (dump n pump), an alt used to be a ''bitcoin sanctuary'' afaic the price. Maybe because this way, it's easier to move around huge amount of money without those being dollars, euros etc. In the past LTC used to be in this role. This time it is Ripple. I really don't understand no other way other than "short-term" storage value for Ripple. The possibility that -at any given time- the ones who made it, can also call it off simply makes me wary. Dude, what about the 70 billion xrp outstanding, just waiting to be dumped? This thing is almost as scammish as private central bank fiat money! Edit
And this my friend is the reason, why Ripple is the wrong pill. It's not designed to make people more free, but keep the current system alive! This is also, why banks and governments will like it more than Bitcoin.
Bitcoin is a movement for freedom and human rights. Ripple might lead us in a dystopian future. We will se how it plays out and which pill people choose.
This is why I wonder, who are the real supporters of Bitcoin - taking a very high risk, to free society! And are not in it for the short time profit - which definitley can and will be made in Ripple from here on.
Thanks dude, that makes more sense. This may be a losing battle, but it's one I intend to fight till the end. "They can take our FREEDOM, but they'll never take our BITCOIN!" |
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Ripple chart
Someone's dump is someone's pump. Might also turn around. Wait a second, is that graphic actually saying the total supply is 100 billion, but the available supply is *only* 30 billion?? |
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$5 bills, lol Reminds me of this dude...  Kudos to those banking profits, and thank you for keeping the price as low as possible for as long as possible.  |
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You have brought this upon yourselves.
And we shall sleep soundly in the bed we have made. |
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ripple fucks bitcoin, that's what's happening here imo.
ripple is fuel that powers a network, a seemingly useless, centralized, closed source, network that no one actually uses, you might be right that its current pump is " taking liquidity out of BTC " but i can't believe these effects will be long lasting. idk who in their right mind would touch ripple after they double the supply overnight. i can't understand why its being pumped, or how the pump has managed to stick... makes no sense! i dont get it! dont try to explain it to me, I don't wanna hear it. It's not a pump. i wouldn't be surprised to learn that ripple is the future of useless, centralized, closed source, networks, and see it double one last time, on the news, coming soon, i still can't touch it, i just cant! I dunno, I bought a bunch of that xrp crap, and dumped it once it doubled. It doubled again since then, but c'est la vie. I actually do much better on coins that I know are crap, because I find it easier to dump and I'm not inclined to hold them like I do with things like storj, and xcp..  |
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this really doesn't look good.
Always darkest before the dawn. |
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Does China look strong or is that just me?
edit: the walls
BFX is in panic mode however
If that 340 wall on stamp gets broken, things might finally get interesting. |
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Yes, yes, yes, yes... I made it happen by stating the opposite!!! Yay!!!!!!
Queue the uptick. |
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Hypothetically if somebody offered you guys 5000 USD per BTC that you own (and you had to sign an agreement saying you wouldn't buy any more, that's it, your participation in BTC is over) would you take it right now?
Sure! I'd only sell about 2% of my total, and I make most of my btc from mining anyways, but still, that would make for one kickass weekend in Vegas This part would require you to sell ALL your coins Ahh Crap! Foiled again! And I was really looking forward to that Vegas trip  |
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Hypothetically if somebody offered you guys 5000 USD per BTC that you own (and you had to sign an agreement saying you wouldn't buy any more, that's it, your participation in BTC is over) would you take it right now?
Sure! I'd only sell about 2% of my total, and I make most of my btc from mining anyways, but still, that would make for one kickass weekend in Vegas |
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Big companies accepting bitcoins hardly did wonder things for the price recently, isn't it?
It adds to bitcoin's legacy for sure but we need stuff to make people buy coins not to sell it.
If more people use coins then we will have more liquidity and more people holding. If you increase the user base with millions who use a bit and hold a bit for a while in uncoordinated random cycles then we will have a much healthier environment than we have now. The problem is that more companies accepting bitcoin didn't make more people using bitcoins or holding. It didn't make people buy bitcoins to spend them or hold them, most of buys happening with bitcoin at those companies are people who hold coins already, specially early investors. There is still literally zero advantage for average user to buy bitcoins just to spend them on some site except in illegal purchases.I don't know... Microsoft accepting Bitcoin surely adds heavily to it's legacy long term but I'm not sure it adds any wonders to Bitcoin price except short term pump, just like all others didn't. Until average Joe gets some significant advantage of using Bitcoin to purchase things and could buy it fast and cheap nothing really changes. We need new money in the game and that won't be people buying coins to spend them on Xbox stuff. That bolded part is bang on. Bitcoin is not just another payment platform. Bitcoin is an alternative to government and corporate oppression. |
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Big companies accepting bitcoins hardly did wonder things for the price recently, isn't it?
It adds to bitcoin's legacy for sure but we need stuff to make people buy coins not to sell it.
I think people might be more likely to buy for Xbox or for PlayStation (if Sony jumps in) and I'm a bear by nature. Paypal and other businesses, by contrast, were just places where you could dump your coins for a discount. These, I actually think, might motivate new buys. I could be wrong. It's much better that it is attached to a single, popular product though, in my opinion. Why would it motivate new buys if they already can buy with other payment options. It can just motivate people who already hold bitcoins to use them to buy Microsoft stuff. It's no different than any other company accepting it so far. We need Paypal to add "buy bitcoin" option, that would send us to moon, this kind of stuff where you can spend your bitcoins only is proved to not do anything good for the price, except to be reason for short term pump. I miss bitmit |
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Big companies accepting bitcoins hardly did wonder things for the price recently, isn't it?
It adds to bitcoin's legacy for sure but we need stuff to make people buy coins not to sell it.
Yeah, someone should re-quote that epic post by prophetx earlier. I'd do it, but I'm to tired/lazy |
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The 400 wall on virtex is still in place,
False alarm?
The other exchanges dont give a damn if a tiny exchange falls behind. True, but I don't think there is enough capital sitting on virtex to buy through that wall... I blew through all my dry powder already It just makes very little sense to me to try to defend that number considering the CAD is only worth like 80 cents USD right now *edit* bah, I'm getting as excited over a ten dollar rise as the bears get over a ten dollar dip... time for bed methinks. The next 8 hours are not that critical |
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The 400 wall on virtex is still in place,
False alarm?
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Fuck this, go back down!!!
Remember the run to 475... it will be something nuts like that. Then it will fall back down to earth. I've already been through one of these rodeos... don't try to swim against the market. Just take what's there. Oh really? Remember the rodeo ride in 2013 when we went from 200, to 1200, in less than a month? If you think the downward crash is scary, you just wait till you see bitcoin crash upI'm just hopeful that the market is maturing enough to mellow the ride this time... |
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Some rumors say sony want to accept bitcoins to  Sony is notorious for losing control of people's data, wasn't there just a few terabytes of data stolen? Sounds like bitcoin would be a perfect fit. |
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