keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
|
|
June 14, 2017, 05:50:17 PM |
|
Looks like we are seeing a little pull back on the rally across most coins today. I guess that is to be expected since I'm sure a bunch of people sold off at around the $3,000 mark.
What are your thoughts if we see a flip in the king of market cap from BTC to ETH. Correct me if I'm wrong, but since there is no hard cap on the number of Ethereum generated, it could not mean all that much?
|
|
|
|
elite3000
Legendary
Offline
Activity: 1073
Merit: 1000
|
|
June 14, 2017, 05:54:27 PM |
|
Looks like we are seeing a little pull back on the rally across most coins today. I guess that is to be expected since I'm sure a bunch of people sold off at around the $3,000 mark.
What are your thoughts if we see a flip in the king of market cap from BTC to ETH. Correct me if I'm wrong, but since there is no hard cap on the number of Ethereum generated, it could not mean all that much?
Eth/btc is the most stable thing right now. Hard to predict what will happen when things changes. I was expecting ETH rises above BTC for a short time then be heavily dumped, but don't know now.
|
|
|
|
Okurkabinladin
|
|
June 14, 2017, 05:55:23 PM |
|
Another dump.
Will the price test $2000 again or are we going to see higher lows?
Will the price test $3000 again until august?
Bitcoin presents a variety of opportunities that did not exist prior to its development. Yet, it has failed as yet to convert investors concerned about its potential rate of adoption as an alternative currency. Recent acknowledgement by the IRS that Bitcoin is an asset for tax purposes has clarified the situation for investors, and the promise of frictionless value transfer suggests innovative use cases in foreign direct investment. In the near term, much of the volatility will be driven by investor perception of the ability of gateways to safeguard individual holdings and provide for a reliable store of value as adoption increases. Read more: Why Is Bitcoin's Value So Volatile? | Investopedia http://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp#ixzz4k04SefkD
|
|
|
|
STT
Legendary
Offline
Activity: 3948
Merit: 1423
Leading Crypto Sports Betting & Casino Platform
|
|
June 14, 2017, 06:06:06 PM |
|
Not really because ETH has its own issues and the real driver for crypto growth is the global population not this goldfish bowl, utility provided to ordinary people enabling growth that might not otherwise occur would be good also. All that would underpin the valuations if correct. If ETH can only describe 30 transactions maybe 15 a second then we have problem serving wider interests until significant changes are made. I have most faith in those coins with people dedicated to work motivated in a genuine desire to provide integrity (otherwise lacking in many countries, the world even) and utility. BTC is driven by a dwindling miner network, its become top heavy and ego driven. If its chained to the price and its own moneyflow instead of global interests and if not competitive in some way that allows innovation to be the determiner of success then its possibly negative in its expansion because of that. I do not think it'll be displaced that easily, it seems the biggest threat is not other crypto but its own unguided powers we collectively ceded our power to a small collection of specialists. I dont think they won unaided, capitalism requires participation by the widest population possible imo not a top down system, FIAT already has that bias. China has an advantage in government subsidy, while BTC is opposed in theory its also supported by some of the largest hydro power projects in the world creating hot spots of cheap power (ditto Solar afaik). Also they have the access to create the cheapest ASIC cirucits most easily. The correct path for BTC would have been towards energy efficiency which would help keep fees low and so on, its the wider benefit given that is when you really know a product will never stop
|
|
|
|
Torque
Legendary
Offline
Activity: 3598
Merit: 5079
|
|
June 14, 2017, 06:13:32 PM |
|
The author should have told Morgan Stanley that in order to get Bitcoin's master key, they needed to contact the new CEO of Bitcoin, Craig Wright. Or perhaps contact the old CEO named Mark Karpeles. He might have the old backup master key laying around somewhere.
|
|
|
|
bitcoinvest
Legendary
Offline
Activity: 1124
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
|
|
June 14, 2017, 06:25:23 PM |
|
i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that... pretty boring.. why we not pass 3000 euros already? why those dumps?
|
|
|
|
ParabellumLite
|
|
June 14, 2017, 06:28:56 PM |
|
i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that... pretty boring.. why we not pass 3000 euros already? why those dumps?
Peak euphoria is the problem: reading this board makes you think it's only a matter of time until we reach 4000+ BTC's, while nearly no one seems to be taking into account that the market may be satiated already. BTC has bounced back twice now from about the same price level, and that is a strong signal after a two-and-a-half month long rally.
|
|
|
|
HI-TEC99
Legendary
Offline
Activity: 2772
Merit: 2846
|
|
June 14, 2017, 06:35:55 PM |
|
i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that... pretty boring.. why we not pass 3000 euros already? why those dumps?
Peak euphoria is the problem: reading this board makes you think it's only a matter of time until we reach 4000+ BTC's, while nearly no one seems to be taking into account that the market may be satiated already. BTC has bounced back twice now from about the same price level, and that is a strong signal after a two-and-a-half month long rally. Although I haven't been following the latest ICOs someone claimed some of them are raising huge amounts. When the devs behind them dump the Bitcoins they collected it might suppress the price for a while. Maybe some dev just dumped his ICO coins. If that's what happened the market will probably soon absorb the coins and the price will go back up afterwards.
|
|
|
|
wolongong
Member
Offline
Activity: 66
Merit: 10
|
|
June 14, 2017, 06:43:59 PM |
|
The author should have told Morgan Stanley that in order to get Bitcoin's master key, they needed to contact the new CEO of Bitcoin, Craig Wright. Or perhaps contact the old CEO named Mark Karpeles. He might have the old backup master key laying around somewhere. The audit corps (KPMG / PWC etc..) are scared of single immutable sources of truth because they make shitloads of billable hours reconciling accounts (twice) (MS vs CHASE .. CHASE vs MS .. JPM vs CITI .. CITI etc..). They are pushing really hard on weakened implementations.
|
|
|
|
jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
|
|
June 14, 2017, 06:54:23 PM |
|
The correct path for BTC would have been towards energy efficiency
Why? Increased energy Bitcoin mining efficiency would not result in less consumption of electricity. Seems counterintuitive, but only at first glance. As proven by BurtW several years ago, the amount of electricity expended on Bitcoin mining is driven solely by the relationship between the prices of Bitcoin and of electricity. From any given equilibrium point: if energy efficiency goes up, profit goes up if profit goes up, more hashpower is deployed if more hashpower is deployed, electricity consumption goes up And we hit a new equilibrium - where the money earned by Bitcoin mining again equals the money spent on electricity, plus some depreciation and some profit.
|
|
|
|
bitcrypto10101
Legendary
Offline
Activity: 924
Merit: 1000
|
|
June 14, 2017, 06:58:42 PM |
|
Of course anyone can produce solar panels at home with no need of energy and transport and other resources that may harm the environment https://suncontract.org/
|
|
|
|
VitorPl4y
Member
Offline
Activity: 95
Merit: 10
|
|
June 14, 2017, 07:14:49 PM |
|
So I see that that surge was because someone bought tons of coins (thanks for that great screenshot by the way). I was going to joke that oh wait, it's 4-20. Time for everyone on Silk Road lighting up to tell their friends about suddenly there's this thing called Bitcoin and they can buy their fix ;p.
Now, granted, I don't know if I'd imagine an addict buying a 1.400+ coin order but it would be funny if the whole "Stoner's Rally" was at least somewhat true for the fact we've been surprisingly calm overnight. It didn't move more than 2-3 bucks. That's some of the most stable pricing I've ever seen in a ~12 hour window for coins.
Resume rally mode, thank you.
|
|
|
|
ARTISTCOLONY
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 14, 2017, 07:25:59 PM |
|
i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that... pretty boring.. why we not pass 3000 euros already? why those dumps?
Peak euphoria is the problem: reading this board makes you think it's only a matter of time until we reach 4000+ BTC's, while nearly no one seems to be taking into account that the market may be satiated already. BTC has bounced back twice now from about the same price level, and that is a strong signal after a two-and-a-half month long rally. Although I haven't been following the latest ICOs someone claimed some of them are raising huge amounts. When the devs behind them dump the Bitcoins they collected it might suppress the price for a while. Maybe some dev just dumped his ICO coins. If that's what happened the market will probably soon absorb the coins and the price will go back up afterwards. stop saying "ICO" this was a poloniex creative spin on "IPO" because ipos require registration duhhh lol
|
|
|
|
FractalUniverse
|
|
June 14, 2017, 07:30:00 PM |
|
proper name would be ISHO (initial shitcoin offerings). or something like that. Anyway. all those scam artist will likely have to get bitcoins to cash out their new fortune
|
|
|
|
Ludwig Von
|
|
June 14, 2017, 07:36:53 PM |
|
i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that... pretty boring.. why we not pass 3000 euros already? why those dumps?
Peak euphoria is the problem: reading this board makes you think it's only a matter of time until we reach 4000+ BTC's, while nearly no one seems to be taking into account that the market may be satiated already. BTC has bounced back twice now from about the same price level, and that is a strong signal after a two-and-a-half month long rally. Although I haven't been following the latest ICOs someone claimed some of them are raising huge amounts. When the devs behind them dump the Bitcoins they collected it might suppress the price for a while. Maybe some dev just dumped his ICO coins. If that's what happened the market will probably soon absorb the coins and the price will go back up afterwards. stop saying "ICO" this was a poloniex creative spin on "IPO" because ipos require registration duhhh lol To be honest, I would like even more volatility at this moment, with deeper downs and higher ups. It would allow the smarter newbies, as I am, to build up a bit of base capital and basic understanding. Also I think the big move will not so much be the ICO shitstorm(s) in a glass of water, but maybe the Icarus story happening in the FANG stocks... .
|
|
|
|
Sundark
|
|
June 14, 2017, 07:55:31 PM |
|
i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that... pretty boring.. why we not pass 3000 euros already? why those dumps?
Because reasons. Investors are scared that bitcoin gained to much potential too fast and price might be a bubble. It is always a problem when bitcoin needs to reach another ATH. But don't worry we are destined to reach €3000 this year. Just wait for the USAF to complete and bitcoin value will skyrocket again.
|
|
|
|
HI-TEC99
Legendary
Offline
Activity: 2772
Merit: 2846
|
|
June 14, 2017, 07:58:59 PM |
|
i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that... pretty boring.. why we not pass 3000 euros already? why those dumps?
Peak euphoria is the problem: reading this board makes you think it's only a matter of time until we reach 4000+ BTC's, while nearly no one seems to be taking into account that the market may be satiated already. BTC has bounced back twice now from about the same price level, and that is a strong signal after a two-and-a-half month long rally. Although I haven't been following the latest ICOs someone claimed some of them are raising huge amounts. When the devs behind them dump the Bitcoins they collected it might suppress the price for a while. Maybe some dev just dumped his ICO coins. If that's what happened the market will probably soon absorb the coins and the price will go back up afterwards. stop saying "ICO" this was a poloniex creative spin on "IPO" because ipos require registration duhhh lol But so many ICO investors gamblers got ripped off over the years that "ICO" now means initial crapcoin offering. After a bit more searching I noticed the USA gubberment has raised the interest rates. Maybe that's got something to do with the dip too.
|
|
|
|
jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
|
|
June 14, 2017, 08:27:19 PM |
|
Is this new ICO coin ?
I don't know. Looks like sig farming spam to me, so I'm ignoring it on general principles.
|
|
|
|
BurstIncomeAsset
|
|
June 14, 2017, 08:33:01 PM |
|
Of course anyone can produce solar panels at home with no need of energy and transport and other resources that may harm the environment https://suncontract.org/Is this new ICO coin ? according to the site: "SunContract is an energy trading platform that utilizes blockchain technology to create a new business model for buying and selling electricity. If you believe that blockchain technology can solve many of today's problems and that we are the team to take it to the energy sector, you are welcome to contribute." Still can't see how any of the problems with solar panels would be solved by the coin
|
|
|
|
blade87
|
|
June 14, 2017, 09:48:30 PM |
|
Bitcoin is really losing its grip on the market. Normally what would have been a dreadful day for LTC, is turning out to the opposite. LTC/BTC rising during a Bitcoin crash is as rare as a blue moon.
|
|
|
|
|