tabnloz
Legendary
Activity: 961
Merit: 1000
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February 23, 2017, 12:39:43 PM |
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We're about to push through the ATH across all exchanges and Yahoo publishes this: https://uk.finance.yahoo.com/news/the-biggest-bitcoin-crashes-in-the-last-10-years-120942554.html?soc_src=social-sh&soc_trk=twNot only is typical of financial media but what really irks me is this paragraph heading "Bitcoin value is volatile"Note of course instead the volatility compared to upside risk. As written by Reggie Middleton regarding Credit Suisse bitcoin v oil analysis: " volatility is not the enemy. The enemy is downside risk. When you strip out upside movements, which is what we all really want, Bitcoin only has .15x more downside risk than oil. Wait! I'm not finished yet. Remember, we need to look at both sides of the risk/reward equation. When comparing the upside, BTC has 203x the average excess return of WTI crude oil. To be clear, .15x more downside risk, and 203x more upside." But in the end, this ignorance and inability to present something honestly is the reason bitcoin flies under the radar and we are all a part of it. |
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spiderbrain
Legendary
Activity: 889
Merit: 1013
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February 23, 2017, 12:45:59 PM |
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We're about to push through the ATH across all exchanges and Yahoo publishes this: https://uk.finance.yahoo.com/news/the-biggest-bitcoin-crashes-in-the-last-10-years-120942554.html?soc_src=social-sh&soc_trk=twNot only is typical of financial media but what really irks me is this paragraph heading "Bitcoin value is volatile"Note of course instead the volatility compared to upside risk. As written by Reggie Middleton regarding Credit Suisse bitcoin v oil analysis: " volatility is not the enemy. The enemy is downside risk. When you strip out upside movements, which is what we all really want, Bitcoin only has .15x more downside risk than oil. Wait! I'm not finished yet. Remember, we need to look at both sides of the risk/reward equation. When comparing the upside, BTC has 203x the average excess return of WTI crude oil. To be clear, .15x more downside risk, and 203x more upside." But in the end, this ignorance and inability to present something honestly is the reason bitcoin flies under the radar and we are all a part of it. Wow, that article is utter nonsense. A history of crashes between $1 and $1100 ...? |
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Ted E. Bare
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February 23, 2017, 12:50:23 PM |
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Apart from 2014, the bitcoin price is increasing dramatically every year. Absolutely crap media.
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Its About Sharing
Legendary
Activity: 1442
Merit: 1000
Antifragile
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February 23, 2017, 12:50:51 PM |
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https://tradeblock.com/bitcoin/1.2 Million BTC in motion, $1.35 billion worth. 112k transactions 64.5MB, will take 10.75 hours to clear assuming now new transactions (good luck with that) The market could easily overheat here if people can't move their coins to the exchanges to cool it off. But transactions per second is at 4, which is within BTC's ability. I see the 60mb figure, but how are they conflicting? (Yeah, I don't get this) Thanks in advance for an explanation. BTW - Kind of funny that bitcoins limitations can slow a move down... Its about sharing |
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notme
Legendary
Activity: 1904
Merit: 1002
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February 23, 2017, 12:53:24 PM |
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https://tradeblock.com/bitcoin/1.2 Million BTC in motion, $1.35 billion worth. 112k transactions 64.5MB, will take 10.75 hours to clear assuming now new transactions (good luck with that) The market could easily overheat here if people can't move their coins to the exchanges to cool it off. But transactions per second is at 4, which is within BTC's ability. I see the 60mb figure, but how are they conflicting? (Yeah, I don't get this) Thanks in advance for an explanation. BTW - Kind of funny that bitcoins limitations can slow a move down... Its about sharing 7tps is with minimum size transactions. In practice the average transaction is much larger. Also, the rate has exceeded 4tps for periods in the past couple days. |
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pleaseexplainagain
Member
Activity: 115
Merit: 10
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February 23, 2017, 01:01:13 PM |
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Bitstamp fomoing? 1155USD!
Looks like the old ATH can be crashed today already with a bit more of steam.
Kraken also close to create another new ATH.
Exciting day so far.
But I'm not sure about the actual situation.Look at the weekly chart and that massive green candle we see at the moment. There will be some correction coming imo.
this will seem a bit of a downer to many but didn't willybot create the ATH along with many real people jumping in. Since the price finished around $250 after the party then the moment we went past about $400 to me seems we set the new ATH. the question we should be all asking is what % of the current price do we think is manipulation by a few insiders with large holding or easy access to cash to buy. (A far more agile creature than willy). I put it about 80% ie at any time i think the price could suddenly be about $300. Never the less I buy slowly at the going price knowing that over time the price will be $5000+ and even if it drops then my buying today at 1155 is ok. buy and hold and repeat |
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K~Ehleyr
Sr. Member
Activity: 434
Merit: 250
Ooh, shiny things!!
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February 23, 2017, 01:10:38 PM |
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jackjack
Legendary
Activity: 1176
Merit: 1301
May Bitcoin be touched by his Noodly Appendage
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February 23, 2017, 01:15:49 PM |
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IMO only the BTCUSD would count as ATH, but great sign Only $5 left |
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Paashaas
Legendary
Activity: 4006
Merit: 6131
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February 23, 2017, 01:20:39 PM |
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This is so much fun holding this rocket to a new ATH and beyond   |
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ErikvanBreen
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February 23, 2017, 01:22:00 PM |
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 Choo Choo! grab your bitcoins because this is going to be a fun ride, Choo Choo! |
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Ted E. Bare
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February 23, 2017, 01:26:31 PM |
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We are approaching all-time high prices and bitcoin is not even mainstream yet. Imagine the future exchange rates.
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GreekGeek
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February 23, 2017, 02:08:46 PM |
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CCMF!!!
wake me up on March 10th
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LFC_Bitcoin
Diamond Hands
Legendary
Activity: 4256
Merit: 12788
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February 23, 2017, 02:24:23 PM |
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Soon my friends.....   |
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600watt
Legendary
Activity: 2338
Merit: 2106
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February 23, 2017, 02:28:27 PM |
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Soon my friends..... in honour of the new € ATH:  |
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Fakhoury
Legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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February 23, 2017, 03:20:48 PM |
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If there is a crash incoming, you wouldn't be asking about it here because you will witness it among all of us. So don't worry and enjoy the show  |
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Kramerc
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February 23, 2017, 03:21:00 PM |
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petahashminer
Legendary
Activity: 1890
Merit: 1037
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February 23, 2017, 03:22:50 PM |
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lol, funniest news i have ever heard since 4 years.. sha1 ? sha256 are they same lol  ok sell! |
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Paashaas
Legendary
Activity: 4006
Merit: 6131
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February 23, 2017, 03:33:43 PM |
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Holy Cow, Bitcoin is unstoppable!
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d5000
Legendary
Activity: 4634
Merit: 10652
Decentralization Maximalist
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February 23, 2017, 03:45:59 PM |
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Bitcoin is BROKEN!!! SELLLL!1!"
That's true, but because of the blocksize stalemate ;P . That's why I think the current price upswing will not last very long if there is no "politic" change. We can go to $1500 or even $2000 and then crash really hard in front of 1 million ... unconfirmed transactions. For the moment, I'm thinking about this scenario (Bitstamp prices): - $1160/63 for now will hold (still much resistance) - little downswing to $1140 - the second third intent will win and go above the old ATH. |
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