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LittleDigger
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January 19, 2015, 05:27:52 PM |
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swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .
remember, even if currently about 800k $ get invested into Bitcoin, it will only cover the inflation. You have to add every merchant instantly selling + regular sellers. That's a hell of selling pressure every day. That's the main reason we will most likely stay in this bear market until something drastic happens. Like a Fiat Currency Crashing (€, $ or ¥). If nothing magical happens, the next halving of the mining reward would at least take out some pressure so the currency could grow in value. yup i do remember the inflation of 3600 bitcoins everyday. i agree with your assessment. i think the swiss didn't unpeg from euro and hurt their own economy just for the heck of it. somethings going on. There was an influx of money into their country ..its pretty much made them de-peg. I'm basing this off one article I read though Any chance of a link to the article ? |
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mrkavasaki
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January 19, 2015, 05:40:00 PM |
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bitcoin is a shitcoin, if you are smart than you would invest in bitshares
lol are you invested in sexcoin? |
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LittleDigger
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January 19, 2015, 05:43:21 PM |
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bitcoin is a shitcoin, if you are smart than you would invest in bitshares
lol are you invested in sexcoin? LMAO, Yeap, I knew as soon as I posted, that would be the comeback.. But it is 4am, I am bored and I did finally get to make a Drill Sargent meme.. I capitulate.. you got me.. can't defend that.... |
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aztecminer
Legendary
 Offline
Activity: 1092
Merit: 1000
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January 19, 2015, 05:52:50 PM |
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swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .
remember, even if currently about 800k $ get invested into Bitcoin, it will only cover the inflation. You have to add every merchant instantly selling + regular sellers. That's a hell of selling pressure every day. That's the main reason we will most likely stay in this bear market until something drastic happens. Like a Fiat Currency Crashing (€, $ or ¥). If nothing magical happens, the next halving of the mining reward would at least take out some pressure so the currency could grow in value. yup i do remember the inflation of 3600 bitcoins everyday. i agree with your assessment. i think the swiss didn't unpeg from euro and hurt their own economy just for the heck of it. somethings going on. There was an influx of money into their country ..its pretty much made them de-peg. I'm basing this off one article I read though that is the original reason why they pegged to the euro due to influx of money cause the franc to rise to high causing exports costs to be to high. the reason why they depegged is because the eu central bank is about to print more QE and that would have forced swiss central bank to print too. |
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ChartBuddy
Legendary
Offline
Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 19, 2015, 05:59:57 PM |
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Bitfinex  Bitstamp  Explanation |
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LittleDigger
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January 19, 2015, 06:05:10 PM |
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Thanks This one is more detailed, found it a minute ago. http://www.economist.com/blogs/economist-explains/2015/01/economist-explains-13Basics.. Francs value was pushed up by investors seeking a safe haven from volatility Franc pegged to euro by quantitative easing to stop rise. Extra Francs used to buy Euros for foreign reserves. (helping to prop it up a little I suspect) Political panic about hyperinflation and proposed QE of the Euro leads to decision to stop... |
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aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
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January 19, 2015, 06:30:42 PM |
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the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.
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ronald98
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January 19, 2015, 06:49:34 PM |
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the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.
What does pm mean in this context? |
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aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
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January 19, 2015, 06:50:05 PM |
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the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.
What does pm mean in this context? gold and silver . |
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ChartBuddy
Legendary
Offline
Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 19, 2015, 06:59:57 PM |
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Bitfinex  Bitstamp  Explanation |
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noma
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January 19, 2015, 07:13:57 PM |
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the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.
I don't think there is much similarity in the prices of gold and bitcoin. Both are much different. Price of gold also can't be manipulated with little capital, like it can for bitcoin. |
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fichtn12345
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January 19, 2015, 07:25:20 PM |
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the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.
What does pm mean in this context? precious metals |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 19, 2015, 07:37:53 PM |
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Support on finex looks good...Not sure how much of it is real, but 11.5k to 190 isn't to shabby
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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January 19, 2015, 07:43:40 PM |
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Support on finex looks good...Not sure how much of it is real, but 11.5k to 190 isn't to shabby
Short swaps dropped slightly to just over 22,000. Still high. Long interest remain low at just 14.9million USD. If the bears cannot push the price down over the next few days then things get interesting. Hopefully we stay near 200 until the salary arrives. |
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4ever
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January 19, 2015, 07:47:32 PM |
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Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.
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NotLambchop
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January 19, 2015, 07:52:19 PM |
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... Hopefully we stay near 200 until the salary arrives.
That Bitcoin habit will make you live paycheck-to-paycheck humble... Remember kids, Not Even Once! |
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ChartBuddy
Legendary
Offline
Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 19, 2015, 07:59:56 PM |
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Bitfinex  Bitstamp  Explanation |
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DaRude
Legendary
Offline
Activity: 2902
Merit: 1914
In order to dump coins one must have coins
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January 19, 2015, 08:06:38 PM |
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Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.
Yeah order book looks great but it's known to be manipulated so hard to tell |
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noma
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January 19, 2015, 08:10:13 PM |
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Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.
I won't be too sure based on just 2-3 days work. Any Bear can dump the hell out of support any time they want to. I hardly see buying support that strong. |
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