becoin
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February 10, 2018, 08:31:55 PM |
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If their big dump causes a downward reaction, they can make a huge profit if they close their position at the right time.
Their big dump is most welcome. They will help many people buy their first bitcoin at more affordable price. |
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 10, 2018, 08:37:30 PM |
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7500 unconfirmed transactions... who could think we would be there now, it was 200k two months ago.
Mem pool seems to have bottomed at 5 Feb. |
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Gyrsur
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Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
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February 10, 2018, 08:38:15 PM |
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7500 unconfirmed transactions... who could think we would be there now, it was 200k two months ago.
wow nice! I'll try a tx without fees.  https://blockchain.info/unconfirmed-transactionsgood old days! |
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mymenace
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Activity: 1596
Merit: 1061
Smile
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February 10, 2018, 08:47:25 PM |
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Um . Is this latest bounce just part of this downward channel??. Thoughts?  look at the big green volume candle below - then see it in the 3 day chart an indicator to buy? 6000 also where jpmorgan clients got in last time - coincidence |
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JayJuanGee
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Activity: 3696
Merit: 10161
Self-Custody is a right. Say no to"Non-custodial"
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February 10, 2018, 09:17:16 PM |
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Seems to be a kind of wishful thinking that comes from corporate shill bear trolls... They imagine an endless supply of coins that banks might be able to dump, and sure good luck with that.
Let's take the hypothetical that bearwhales might have 30k BTC that they could dump. Somehow the bearwhales would have to be able to acquire those 30k coins without significantly moving the price upwards. I have long had a theory that bearwhales engage in a circular kind of rotation of coins. They purchase coins off exchanges and then they dump them on exchanges and that way they are continuing to put downwards pressures on the price; however, they can only acquire so many coins over the counter even if they want to continue to operate at a loss in order to attempt to push BTC prices down.
But they do not need 30,000 coins in order to dump 30000 coins. They can have only a fraction of that amount of coin or just a whole lot of fiat, and use margin trading. If their big dump causes a downward reaction, they can make a huge profit if they close their position at the right time. Then they have even more assets to pull off an even bigger short, next time around. I agree, and I don't consider my theory regarding what they are doing to be comprehensive because I am sure that they have a lot of tools in their quiver (mixed metaphores), and some times they may NOT be strictly motivated by profits in bitcoin, if they perceive that downwardly manipulating bitcoin can profit them in other ways (or other assets). Furthermore, even though we might ascribe a lot of resources being available to bearwhales, I discount claims that their power is unlimited because there is ONLY so much that they can do when the trend is against them, so yeah, the trend is your friend to attempt to exacerbate conditions while you can, but once the trend changes, sometimes they will lose control of such trend.. and I think that this happened a few times in recent bitcoin history including the early 2016 break above $500 and likely the August 2017 break out above $3k... Certainly the bearwhale fucks did not want BTC prices to break above $500 in early 2016 or the price to break above $3k in August 2017.. but they lost control and/or ability to keep BTC prices down in those lower price ranges. |
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JayJuanGee
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Activity: 3696
Merit: 10161
Self-Custody is a right. Say no to"Non-custodial"
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February 10, 2018, 09:27:54 PM |
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Any implications that this clearing of the back up is due to organic reasons (rather than spam attacks) is likely unwarranted. In the past weeks, I have done several BTC transactions using fees of less than $.20, more specifically $.09 and $.12 - and all of my transactions were confirmed in less than 30 minutes and they were done from blockchain.info.. that is still using legacy addresses... I am thinking that free transactions would also go through in a fairly timely manner, but probably running a bit more of a gambling risk if there are some desires to NOT process spam (as zero fees might be considered as spam by some of the miners). Anyhow, I am thinking about transferring some funds from legacy BTC addresses to seg wit addresses, just to have more of my BTC in the newer designed segwit addresses. Seems to me that transferring to segwit addresses could be a bit of insurance for future situations and might pay for itself in terms of future savings on fees and transaction times in the event of future spam attacks or other reasons in which on-chain fees might go up. |
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Elwar
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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February 10, 2018, 09:50:06 PM |
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Just started playing around with RootStock. I'm liking what I see so far. |
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hv_
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Activity: 2506
Merit: 1055
Clean Code and Scale
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February 10, 2018, 09:58:29 PM |
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Sure? When BTC had 95% of both market cap AND txs flow? |
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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February 10, 2018, 10:02:32 PM |
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Just started playing around with RootStock. I'm liking what I see so far. Always ahead of the curve, Elwar. Saw it has 1 petahash plus now - merge mining on Slush iirc In the vid above Barry says ETC will be the smart contract winner... |
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Gyrsur
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Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
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February 10, 2018, 10:15:52 PM |
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Just started playing around with RootStock. I'm liking what I see so far. RootStock is also on my ToDo list the next days!  |
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Gyrsur
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Activity: 2856
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February 10, 2018, 10:17:38 PM |
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Sure? When BTC had 95% of both market cap AND txs flow? damn!   EDIT: but this will work -->  |
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realr0ach
Sr. Member
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Activity: 924
Merit: 311
#TheGoyimKnow
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February 10, 2018, 10:19:12 PM |
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Thoughts?
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Toxic2040
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Activity: 1792
Merit: 4141
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February 10, 2018, 10:20:25 PM |
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Um . Is this latest bounce just part of this downward channel??. Thoughts? look at the big green volume candle below - then see it in the 3 day chart an indicator to buy? 6000 also where jpmorgan clients got in last time - coincidence  Think about it. |
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kurious
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Activity: 2590
Merit: 1643
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February 10, 2018, 10:31:32 PM |
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Damn - been out for dinner and missed the dip on Stamp by $4. Set buy at 8166 and it dips to 8170. C'est la vie...  EDIT:'conspiracy theory (must be TBTB)', nothing else can possibly explain it. |
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Gyrsur
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Activity: 2856
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Bitcoin Legal Tender Countries: 2 of 206
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February 10, 2018, 10:35:00 PM |
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Damn - been out for dinner and missed the dip on Stamp by $4. Set buy at 8166 and it dips to 8170. C'est la vie... still hope the girl was worth every satoshi you missed! |
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Elwar
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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February 10, 2018, 10:35:53 PM |
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Sure? When BTC had 95% of both market cap AND txs flow? There are over 250 million alt coins out there. If the average of each is $1 then they will have 65% of the crypto market cap. I started thinking that maybe there would be a limit on alt coins at some point to one per person then I started thinking that maybe people will start creating alt coins for their pets too. |
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kurious
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Activity: 2590
Merit: 1643
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Hey, Whales...
You know what?
There's only some of you - but there's fucking millions of me.
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