1364
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Economy / Speculation / Re: Momentum remains weak, price will dip again.
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on: March 11, 2018, 04:48:26 PM
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1% of supply is nearly 170k BTC which is worth nearly $1.7 billion! if we were at a point where dumping 1% of supply on the market crashed it then it would have been awesome. if such amounts are dumped on the market price will go to $10 area. it may not last there but it will certainly drop that low!
Thats why more and more people will call for regulation of the exchanges. If the exchanges have a mechanism limiting the volatility to 20%, price might not go down so fast and to such low price. Hodl is just a meme. You can hold your bitcoins in your wallet, sure, but the price is decided by the volume in the exchanges, not the one we hold in our wallets. Contrary to what I believed early, the volume outside the exchanges have no impact in the price. Since there's no safe exchange around, we will continue with this situation for years, until we have decentralized exchanges (stored in a exclusive blockchain, and already with code to limit the volatility) or governments step in and regulate the centralized ones. I would go for the first option, since in that case, the volume outside the exchanges would have a impact in price, as this trading blockchain could be stored next to your bitcoin wallet.
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1365
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Economy / Speculation / Re: I believe the dumps are over
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on: March 11, 2018, 04:37:53 PM
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Well, what they gain is rather obvious, and it's 2 possible scenarios:
1) The hostile one: They think that this will help killing Bitcoin. While it does not stop the Bitcoin network from working, if the price is lower, the hashrate is lower, therefore the network is weakened. We need a strong price, having a low Bitcoin price is not good. It will still be alive, but it's not ideal. These dumps make a lot of people think that Bitcoin is a joke as a store of value, this could be their goal.
2) The long term one: They crash the price to buy in cheaper. Governments have understood that they can never kill Bitcoin, so they want to get in a relevant position, which means entering in cheaper than 20k, as cheap as possible actually, before we go to 100k++ per coin in the next decade. They want to get in cheap, that's all.
I think the second one is much more likely to happen. If governments multiply their treasures through a 1000% increase, they can pay their debts to international banks, which will in turn move the economy higher, allowing them to draw more taxes from production, which in turn enrich the State even more. That's the more rational way, but the nature of the State is based on the primitive urge for agression and domination, so we will never know if it can be applied or not.
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1369
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Economy / Speculation / Re: Momentum remains weak, price will dip again.
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on: March 11, 2018, 02:32:56 PM
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Kobayashi didnt end his dumping. Theres 100k coins to go yet.
The market is immature, 1% of the supply can crash it, due to the exchanges not having any control to stop crashes.
Hope for the best, prepare for the worst. Maybe we will be around 10k for the entire year, but we can go to 2k in a couple of weeks too. Go long and dont despair.
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1370
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Local / Português (Portuguese) / Re: Google vai proibir anúncios de ICO's e criptomoedas
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on: March 11, 2018, 02:25:06 PM
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O que aconteceu com a Orocrypt? sumiram com o dinheiro? ou você vendeu a um preço mais baixo?
Sumiram com o dinheiro. O site deles tinha uma opção para resgatar o dinheiro na forma de ether, mas estava bugada, os cliques não funcionavam, em todos os navegadores. Aí o prazo para resgate venceu e finalmente fecharam o negócio. A empresa estava registrada no Caribe, para evitar investigações. Golpe clássico. Só caí uma vez.
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1371
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Local / Português (Portuguese) / Re: Google vai proibir anúncios de ICO's e criptomoedas
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on: March 11, 2018, 05:38:54 AM
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ICO pra mim é golpe. Depois que eu perdi dinheiro com a Orocrypt, nunca mais entrei numa ICO. Tenho por mim que toda ICO é golpe e todo airdrop (que não seja fork de alguma outra moeda) é falso. Não adianta me mostrar whitepapers, eu não ponho mais dinheiro em ICOs.
Mas generalizar e incluir o bitcoin e as moedas mais reconhecidas do meio é burrice, ou maldade mesmo.
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1372
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Economy / Speculation / Re: I believe the dumps are over
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on: March 11, 2018, 04:16:57 AM
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what did the government gain by crashing the market?
I think you misunderstand the nature and purpose of the State, as a concept. Its all about power and control. By crashing the market, they ensure people will not buying it for some time, allowing them to print fiat to buy bitcoin for themselves at the dip. With this, they will control a part of the supply. Different from gold, they dont need to control most of the supply, just a tiny bit, as crypto markets are new and hence, immature. Having this control, they put the price where they want, control the distribution, and then in some years they can implement their own national crypto-currency, one for each country, keeping the old world order in place, and peg it to the price of bitcoin, which they will be trading.
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1373
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Economy / Speculation / Re: I believe the dumps are over
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on: March 09, 2018, 08:46:34 PM
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Well he's still going to offload 1.9 billion worth of bitcoins and bitcoin cash based from the news. I don't think he'll be able to offload that through OTC methods. If it would be possible it would probably take a really long time to do so. Since this is a governmental action, I would say they will need a quick and easy way to dispose of the property. Which means he will rely on exchanges to do it.
It is possible to auction it. Even if takes some time, it can be done and will not crash the market.
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1374
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Economy / Speculation / Re: Why is Bitcoin price tanking down? There seems to be no respite in the pricing?
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on: March 09, 2018, 06:34:58 PM
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I’m getting annoyed with this crap now, I’m not going to lie. I fear we could have a long bear market ahead.
Me too. And reading posts in this forum makes me thinks most people here are wishing for a multi-year bear market, be it for masochism, psychopathy or whatever another sick reason. I've just withdraw any funds from exchanges and locked it all in my wallets. Fortunatelly for me, I didnt go all-in. But I just imagine the despair of people who got all-in, and worse still, got into it during November and December. By the impression I get from the market, it seems we are going for $2000 now, the price before the BCash fork. And this will last more than two years, with the price floating between $2000 and $6000 during very painful months. The bears can have 2-3 years of party hard, bulls only one. Thats how stock markets works, and since people dont want bitcoin to be a currency, but only a speculative asset, we wont see the adoption we wanted. There will be no adoption if grandmas and taxi drivers wont use it. There's no place for elitism, if bitcoin is to succeed as a currency. If you have put more than 20% of your holdings into it, decrease your exposure, and lock the rest. Dont ever try to sell it, because the storm will eventually pass. Plan ahead for three years.
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1375
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Local / Português (Portuguese) / Re: Binance hackeada? API comprometida? Bot?
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on: March 09, 2018, 02:56:11 PM
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nunca é tarde para reforçar para não deixarem dinheiro parado nas exchanges
O problema é que há muita propaganda de altcoins, então muita gente entra de cabeça no mundo do trading e deixa dinheiro parado em ordens nas exchanges. Eu retirei tudo que tinha na Bittrex semana passada após receber mais outro email sobre KYC, ou seja, iam pedir foto de selfie de novo, sendo que eu já estava como "enhanced user" lá. Por default, o usuário é sempre visto como um criminoso que está lavando dinheiro, mesmo que seja uns trocados. Então liquidei todas minhas posições e saquei em BTC e LTC. Na Binance é ainda pior. Para ser enhanced lá, você precisa fazer selfie com bilhetinho contendo data, hora e o endereço do site da Binance. E está aí, foram "hackeados". Eu não acredito nestes hacks de exchanges, pra mim é tudo funcionário fazendo merda, até prova em contrário. Quando alguém desconfia muito de ti, é porque esta pessoa faz pior. E quanto maior a burocracia, maior a probabilidade de dar merda.
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1379
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Economy / Speculation / Re: DID YOU THINk BITCOIN CAN REACH 500K IN THE END OF THIS YEAR
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on: March 08, 2018, 03:46:20 PM
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McAfee is probably deluded.
That guy from Xapo had predicted 1 million per coin by 2027. This one is more realistic, considering it will take time to have dozens of sidechains for worldwide use, a functional network of satellites with easy access and no more kobayashis dumping coins in exchanges instead of going OTC.
So I would cut one zero from your question, and put it around 50k by the end of the year. Then a steady rise to 500k by the end of 2022. But this is just speculation, lets see what will happen after "Goxxed 2.0" is over.
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