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ka82
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July 14, 2017, 07:02:06 PM |
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Has anyone tried to make sense of the positive correlation with BTC/USD? WTF happened to Altcoinland lately?!  ...I'll throw in the towel before I try to make sense of this nonsense... what do you mean by positive correlation? It seems like USD appreciated over the past 2 weeks so I say negative correlation. |
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ka82
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July 14, 2017, 07:13:19 PM |
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Has anyone tried to make sense of the positive correlation with BTC/USD? WTF happened to Altcoinland lately?! ...I'll throw in the towel before I try to make sense of this nonsense... what do you mean by positive correlation? It seems like USD appreciated over the past 2 weeks so I say negative correlation. To me it, this is partly seasonal...if you look at the BTCD last year on Jul 1st the price was at $2.39 but dropped to $1.16 in Aug 3th. Similarly for BTC on June 17th the price was at $740 and it dropped to $530 on Aug 2nd. nothing can be for sure but seasons could play some roles. |
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kb4scv
Legendary
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Activity: 966
Merit: 1000
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July 14, 2017, 09:49:07 PM |
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Has anyone tried to make sense of the positive correlation with BTC/USD? WTF happened to Altcoinland lately?! ...I'll throw in the towel before I try to make sense of this nonsense... what do you mean by positive correlation? It seems like USD appreciated over the past 2 weeks so I say negative correlation. To me it, this is partly seasonal...if you look at the BTCD last year on Jul 1st the price was at $2.39 but dropped to $1.16 in Aug 3th. Similarly for BTC on June 17th the price was at $740 and it dropped to $530 on Aug 2nd. nothing can be for sure but seasons could play some roles. Impending Hard/Soft/WeDONTKNOWfork of BTC might have something to do with Crypto at this point....... |
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R-J-F
Sr. Member
Offline
Activity: 1078
Merit: 310
AKA RJF - Member since '13
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July 14, 2017, 10:17:06 PM |
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Has anyone tried to make sense of the positive correlation with BTC/USD? WTF happened to Altcoinland lately?! ...I'll throw in the towel before I try to make sense of this nonsense... what do you mean by positive correlation? It seems like USD appreciated over the past 2 weeks so I say negative correlation. To me it, this is partly seasonal...if you look at the BTCD last year on Jul 1st the price was at $2.39 but dropped to $1.16 in Aug 3th. Similarly for BTC on June 17th the price was at $740 and it dropped to $530 on Aug 2nd. nothing can be for sure but seasons could play some roles. Impending Hard/Soft/WeDONTKNOWfork of BTC might have something to do with Crypto at this point....... LOL... Just a slight change huh... Really wish Bitcoin would decide what it wants to be when it grows up!  |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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ka82
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July 14, 2017, 11:48:39 PM |
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Has anyone tried to make sense of the positive correlation with BTC/USD? WTF happened to Altcoinland lately?! ...I'll throw in the towel before I try to make sense of this nonsense... what do you mean by positive correlation? It seems like USD appreciated over the past 2 weeks so I say negative correlation. To me it, this is partly seasonal...if you look at the BTCD last year on Jul 1st the price was at $2.39 but dropped to $1.16 in Aug 3th. Similarly for BTC on June 17th the price was at $740 and it dropped to $530 on Aug 2nd. nothing can be for sure but seasons could play some roles. Impending Hard/Soft/WeDONTKNOWfork of BTC might have something to do with Crypto at this point....... that would cause Alt-coin to increase in price not decrease cause people are unsure of BTC future |
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kb4scv
Legendary
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Activity: 966
Merit: 1000
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July 14, 2017, 11:50:13 PM |
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Has anyone tried to make sense of the positive correlation with BTC/USD? WTF happened to Altcoinland lately?! ...I'll throw in the towel before I try to make sense of this nonsense... what do you mean by positive correlation? It seems like USD appreciated over the past 2 weeks so I say negative correlation. To me it, this is partly seasonal...if you look at the BTCD last year on Jul 1st the price was at $2.39 but dropped to $1.16 in Aug 3th. Similarly for BTC on June 17th the price was at $740 and it dropped to $530 on Aug 2nd. nothing can be for sure but seasons could play some roles. Impending Hard/Soft/WeDONTKNOWfork of BTC might have something to do with Crypto at this point....... that would cause Alt-coin to increase in price not decrease cause people are unsure of BTC future Not if they just cashed out until it settles. |
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lsteele2000
Newbie
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Activity: 19
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July 15, 2017, 03:15:10 AM |
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Not if they just cashed out until it settles.
lol, the age old problem. Keep your powder dry but expect the market to outdraw you when you decide to reach for your gun. |
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yassin54
Legendary
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Activity: 1540
Merit: 1000
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July 15, 2017, 01:03:28 PM |
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yassin54
Legendary
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Activity: 1540
Merit: 1000
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July 15, 2017, 01:09:00 PM |
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veneg
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July 15, 2017, 03:30:07 PM |
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Has anyone tried to make sense of the positive correlation with BTC/USD? WTF happened to Altcoinland lately?! ...I'll throw in the towel before I try to make sense of this nonsense... what do you mean by positive correlation? It seems like USD appreciated over the past 2 weeks so I say negative correlation. Alts/BTC are positively correlated with BTC/USD lately. Hasn't always been this way in Altcoinland...  Market manipulation.Buying opportunity.Hold |
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Thenoticer
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July 15, 2017, 11:11:24 PM |
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Pax fiat.
Wishing
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Pffrt
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July 16, 2017, 08:05:52 AM |
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Has anyone tried to make sense of the positive correlation with BTC/USD? WTF happened to Altcoinland lately?! ...I'll throw in the towel before I try to make sense of this nonsense... Why are you so surprised? People are scared that Segwit2x doesn't lock in (only intention is signalled now, not commitment) and a chain split will occur on August 1st. Then Segwit2x was delayed so that dropped BTC even lower. The uncertainty causes people to hedge against btc. When people hedge against btc, historically there has always been a sell off on the altcoin market. Nothing new here. If a release candidate of Segwit2x is produced this weekend, we should see a nice rebound, and if it locks in we should see a major rebound. If it doesn't, i'm sure btc will go lower. |
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Pffrt
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July 16, 2017, 08:44:03 AM |
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Has anyone tried to make sense of the positive correlation with BTC/USD? WTF happened to Altcoinland lately?! ...I'll throw in the towel before I try to make sense of this nonsense... Why are you so surprised? People are scared that Segwit2x doesn't lock in (only intention is signalled now, not commitment) and a chain split will occur on August 1st. Then Segwit2x was delayed so that dropped BTC even lower. The uncertainty causes people to hedge against btc. When people hedge against btc, historically there has always been a sell off on the altcoin market. Nothing new here. If a release candidate of Segwit2x is produced this weekend, we should see a nice rebound, and if it locks in we should see a major rebound. If it doesn't, i'm sure btc will go lower. Well, if they are truly scared as you say, why are they buying BTC?! Are you saying that the only reason they're doing this is to take advantage of having BTC on both chains in case of a split? If so, I get it... although I would insist that a positive correlation with BTC/USD is bad news for Alts - let's hope it doesn't hold. Who is buying BTC? price has decreased by 30% over the last week, i'd say that's a pretty clear sign of doubt and selling. Of course there is a balance between speculators who expect Segwit2x to go well - who hold - and people who expect a chain split - sellers. I agree it certainly looks like there's a positive correlation between BTC/USD, but if i were to venture a guess it's pure coincidence. I don't see any reason why the two should be (strongly) positively correlated (if anything, we'd expect a negative correlation). Especially because there is a very logical reason for the BTC price to drop independently (see above). EDIT: actually now that i look at it, USD index has been retracing since January, while BTC had a 200% boom. Doesn't look like there's any correlation at all  |
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ka82
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July 16, 2017, 12:26:10 PM |
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Is Satoshi selling his/their bitcoins?!
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ka82
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July 16, 2017, 12:32:24 PM |
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Has anyone tried to make sense of the positive correlation with BTC/USD? WTF happened to Altcoinland lately?! ...I'll throw in the towel before I try to make sense of this nonsense... Why are you so surprised? People are scared that Segwit2x doesn't lock in (only intention is signalled now, not commitment) and a chain split will occur on August 1st. Then Segwit2x was delayed so that dropped BTC even lower. The uncertainty causes people to hedge against btc. When people hedge against btc, historically there has always been a sell off on the altcoin market. Nothing new here. If a release candidate of Segwit2x is produced this weekend, we should see a nice rebound, and if it locks in we should see a major rebound. If it doesn't, i'm sure btc will go lower. Well, if they are truly scared as you say, why are they buying BTC?! Are you saying that the only reason they're doing this is to take advantage of having BTC on both chains in case of a split? If so, I get it... although I would insist that a positive correlation with BTC/USD is bad news for Alts - let's hope it doesn't hold. Who is buying BTC? price has decreased by 30% over the last week, i'd say that's a pretty clear sign of doubt and selling. Of course there is a balance between speculators who expect Segwit2x to go well - who hold - and people who expect a chain split - sellers. I agree it certainly looks like there's a positive correlation between BTC/USD, but if i were to venture a guess it's pure coincidence. I don't see any reason why the two should be (strongly) positively correlated (if anything, we'd expect a negative correlation). Especially because there is a very logical reason for the BTC price to drop independently (see above). EDIT: actually now that i look at it, USD index has been retracing since January, while BTC had a 200% boom. Doesn't look like there's any correlation at all Not sure why/how you've lost me even though we agree it seems... lol  If I sell my Alts through an Alt/BTC order book, I am buying BTC. If I sell my BTC through a BTC/USD order book, I am buying USD. The positive correlation comment refers to Alt/BTC pairs compared to the BTC/USD pair (recently). Think pairs, not currencies. Not even the Alt/USD pairs. I must have caused the confusion because I used the term Altcoinland instead of actually referring to Alts/BTC. Lastly, just in case it's still not clear, I wouldn't mind it being a pure coincidence at all!  I believe people are also selling their altcoin but they're not going through Alt -> BTC -> USD channel...rather they are selling their Alt and buying Tether (Alt -> USDT) since it represents the USD in crypto currency. |
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R-J-F
Sr. Member
Offline
Activity: 1078
Merit: 310
AKA RJF - Member since '13
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July 16, 2017, 12:33:34 PM
Last edit: July 16, 2017, 12:43:40 PM by R-J-F |
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Is Satoshi selling his/their bitcoins?!
No, Satoshi isn't selling Bitcoins. What is happening , put very simply, is this: The market conditions right now are being caused by uncertainty over the coming deadline for Bitcoin to either accept an upgrade or not which could cause two competing versions of Bitcoin itself. Since ALTS are in the Bitcoin market, anything that happens to Bitcoin affects ALTS. We will know more after August 1st but until then, just sit tight, it will work itself out as designed. If you are not comfortable with the current situation, don't make any rash moves, wait it out. Don't make any major buys or sells now without knowing exactly what you are doing! "Keep calm and carry on" This is NOT investment advise, just common sense... |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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R-J-F
Sr. Member
Offline
Activity: 1078
Merit: 310
AKA RJF - Member since '13
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July 16, 2017, 12:41:11 PM |
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Has anyone tried to make sense of the positive correlation with BTC/USD? WTF happened to Altcoinland lately?! ...I'll throw in the towel before I try to make sense of this nonsense... Why are you so surprised? People are scared that Segwit2x doesn't lock in (only intention is signalled now, not commitment) and a chain split will occur on August 1st. Then Segwit2x was delayed so that dropped BTC even lower. The uncertainty causes people to hedge against btc. When people hedge against btc, historically there has always been a sell off on the altcoin market. Nothing new here. If a release candidate of Segwit2x is produced this weekend, we should see a nice rebound, and if it locks in we should see a major rebound. If it doesn't, i'm sure btc will go lower. Well, if they are truly scared as you say, why are they buying BTC?! Are you saying that the only reason they're doing this is to take advantage of having BTC on both chains in case of a split? If so, I get it... although I would insist that a positive correlation with BTC/USD is bad news for Alts - let's hope it doesn't hold. Who is buying BTC? price has decreased by 30% over the last week, i'd say that's a pretty clear sign of doubt and selling. Of course there is a balance between speculators who expect Segwit2x to go well - who hold - and people who expect a chain split - sellers. I agree it certainly looks like there's a positive correlation between BTC/USD, but if i were to venture a guess it's pure coincidence. I don't see any reason why the two should be (strongly) positively correlated (if anything, we'd expect a negative correlation). Especially because there is a very logical reason for the BTC price to drop independently (see above). EDIT: actually now that i look at it, USD index has been retracing since January, while BTC had a 200% boom. Doesn't look like there's any correlation at all Not sure why/how you've lost me even though we agree it seems... lol If I sell my Alts through an Alt/BTC order book, I am buying BTC. If I sell my BTC through a BTC/USD order book, I am buying USD. The positive correlation comment refers to Alt/BTC pairs compared to the BTC/USD pair (recently). Think pairs, not currencies. Not even the Alt/USD pairs. I must have caused the confusion because I used the term Altcoinland instead of actually referring to Alts/BTC. Lastly, just in case it's still not clear, I wouldn't mind it being a pure coincidence at all! I believe people are also selling their altcoin but they're not going through Alt -> BTC -> USD channel...rather they are selling their Alt and buying Tether (Alt -> USDT) since it represents the USD in crypto currency. Interesting theory but, if you look at Tether's last month, the volume is more or less consistent with historical data although there is a slight uptick the last several days but there has been higher volume in the past. Still interesting though... |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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R-J-F
Sr. Member
Offline
Activity: 1078
Merit: 310
AKA RJF - Member since '13
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July 16, 2017, 01:55:46 PM |
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I believe people are also selling their altcoin but they're not going through Alt -> BTC -> USD channel...rather they are selling their Alt and buying Tether (Alt -> USDT) since it represents the USD in crypto currency.
Actually, I believe the channel ends at BTC and that's why I'm raising concerns. But, trust me, I truly hope what you say is true because that would make the current situation very bullish for KMD when PAX comes into the picture!  Pretty sure when this all shakes out and BTC is settled, there will be a buying frenzy in ALTS and Bitcoin. Just waiting it out for now... |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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cygan
Legendary
Offline
Activity: 3150
Merit: 7806
Crypto Swap Exchange
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July 16, 2017, 02:35:10 PM |
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can anyone tell me how long it takes to download the proving key for the komodo wallet? waiting for a week and everything is running very slowly...  |
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LuboKMD
Newbie
Offline
Activity: 17
Merit: 0
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July 16, 2017, 02:59:37 PM |
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can anyone tell me how long it takes to download the proving key for the komodo wallet? waiting for a week and everything is running very slowly... It will take a while but it will work just wait after that u need to wait more for blocks and best chain activation after that it will be ok otherwise go to us slack #support if u need more help directly helped https://www.supernet.org/en/supernet/slack-invite |
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