Elwar
Legendary
 Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
 |
June 27, 2017, 12:28:58 PM |
|
So...bitcoin transactions are getting cheaper...  |
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
Torque
Legendary
Offline
Activity: 3556
Merit: 5041
|
|
June 27, 2017, 12:31:51 PM |
|
Anyone notice this thread has 1/10th the traffic of past rises and dumps? I think this is a sign of the fact that there's no reason for cryptocurrency to exist unless you can create an ASIC proof algo where coins can be mined on commodity hardware, or constantly change the algo to defeat them.
No, the reason is that all the troll traders that used to frequent this sub are now spending all their time trolling on all the various alt coin forums now. Bitcoin is passe to them, the market too mature now and not enough impressionable young weak hands to try and manipulate in order to create more volatility. Plus fake FUD stories, scams and hacks work better on those shitcoins. The Bitcoin community has been there done that and way over it now. I'm sure that the troll FUDsters will be back here when the whole SegWit shitstorm cranks up. |
|
|
|
|
|
ft73
|
|
June 27, 2017, 12:55:37 PM |
|
Moment of truth approaching ? Bitstamp, RSI (14,close) on Hourly:  The area between the green dashed lines is "danger area". Since June 21 price corrects when boundary gets crossed. Curious about the outcome. See yourself, "resistance" is clearly visible on 1H ( 4H as well ). |
|
|
|
|
Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1011
|
|
June 27, 2017, 01:06:52 PM |
|
So...bitcoin transactions are getting cheaper... True ... but, very strangely, the MEMpool is stable since the PURGE (auto-spamming feature from miners ?). 24h This day. |
|
|
|
|
|
|
Dabs
Legendary
Offline
Activity: 3416
Merit: 1912
The Concierge of Crypto
|
|
June 27, 2017, 02:01:35 PM |
|
I saw a video by Antonopoulos saying the same thing. He's got interesting videos on his youtube channel. Recent ones are about these ICOs. |
|
|
|
|
|
FractalUniverse
|
|
June 27, 2017, 02:04:33 PM |
|
looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200 maybe I'll wait until it settles a bit . edit> that was fast  finex already below yesterday |
|
|
|
|
r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
June 27, 2017, 02:12:37 PM |
|
This guy gets it. The blockchain's (er, Bitcoin's) killer app is Bitcoin.
Or the govt creating a federated chain to enslave you with a cashless society slave system, pick one. |
|
|
|
|
|
FractalUniverse
|
|
June 27, 2017, 02:16:22 PM |
|
stamp broke as well, only btc-e to go now
|
|
|
|
|
|
ft73
|
|
June 27, 2017, 02:23:54 PM |
|
Moment of truth approaching ? Bitstamp, RSI (14,close) on Hourly: The area between the green dashed lines is "danger area". Since June 21 price corrects when boundary gets crossed. Curious about the outcome. See yourself, "resistance" is clearly visible on 1H ( 4H as well ). Seems another leg down to go. |
|
|
|
|
|
willope
|
|
June 27, 2017, 02:35:20 PM |
|
Bitcoin is dieded. Another time. Sell. Panic. Crash to $0. Noone needs it. Noone wants it. Escape till you can. ...  Se you at $1000000/btc. |
|
|
|
|
Torque
Legendary
Offline
Activity: 3556
Merit: 5041
|
|
June 27, 2017, 02:49:22 PM |
|
Keep an eye on the total crypto market cap.
If we break below the $97B cap and stay there for a while, the total crypto market downtrend will be confirmed.
At that point I think alts will start trading back into btc on every btc dip.
We hit $96B. Stay frosty my friends. Down to $88B now. Alts are trading into btc on the dips, so Bitcoin dominance % still rising. Good sign for bitcoin. Bad sign for Altlandia shitcoins. |
|
|
|
|
Torque
Legendary
Offline
Activity: 3556
Merit: 5041
|
|
June 27, 2017, 02:51:24 PM |
|
This guy gets it. The blockchain's (er, Bitcoin's) killer app is Bitcoin.
Or the govt creating a federated chain to enslave you with a cashless society slave system, pick one. No, FedCoin is still in development. Stay tuned. |
|
|
|
|
starmman
Legendary
Offline
Activity: 1484
Merit: 1029
|
|
June 27, 2017, 02:52:27 PM |
|
looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200 maybe I'll wait until it settles a bit . edit> that was fast finex already below yesterday CEX.IO only hit 2400. I think I need to start using a more volatile exchange |
|
|
|
|
|
Sniper44
|
|
June 27, 2017, 02:58:00 PM |
|
looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200 maybe I'll wait until it settles a bit . edit> that was fast finex already below yesterday CEX.IO only hit 2400. I think I need to start using a more volatile exchange haha, you should have seen c-cex then. i sold bitcoin there @$2900 and am kicking myself why i didn't place the sell orders at $3100 because someone with fat fingers apparently did a cleanup buy all the way up there i placed the sell order as a joke because i had nothing else to do and no altcoin to buy! |
|
|
|
|
|
machasm
|
|
June 27, 2017, 03:25:03 PM |
|
looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200 maybe I'll wait until it settles a bit . edit> that was fast finex already below yesterday CEX.IO only hit 2400. I think I need to start using a more volatile exchange haha, you should have seen c-cex then. i sold bitcoin there @$2900 and am kicking myself why i didn't place the sell orders at $3100 because someone with fat fingers apparently did a cleanup buy all the way up there i placed the sell order as a joke because i had nothing else to do and no altcoin to buy! What sort of vol did you sell at that price just out of curiosity? |
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4482
You're never too old to think young.
|
|
June 27, 2017, 03:41:31 PM |
|
Good morning Bitcoinland.
Missed yesterday's $200 dip and $150 recovery but it's still bouncing up and down like a yoyo... currently $2323USD (Bitcoinaverage).
It's not quite a deep enough dip for me to reallocate funds to buy into it but it's still an opportunity for anyone who missed the last big dip.
______
I figure that since most altcoins are bought with Bitcoin, noob suckers buying into the alt bubble drove the price of bitcoins up, buying them with their fiat.
It also figures that when the altcoin bubble burst, it would bring the price of Bitcoin down, as they sold for bitcoins which they then sold for fiat.
This would go a long way to explaining why on the way up, both rose quickly in price with alts rising faster, and on the way down down, both fell rapidly with alts falling faster and deeper.
|
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
|
|
June 27, 2017, 03:51:08 PM |
|
I figure that since most altcoins are bought with Bitcoin, noob suckers buying into the alt bubble drove the price of bitcoins up, buying them with their fiat.
Aye, I'd say that was easily the biggest driver, especially on Localbitcoins. I wonder what the aftermath of this alt bubble will look like. Essentially nothing much has been proven or established by any of them still. It's even more empty hype than before with the added extra of a potentially humongous price collapse. |
|
|
|
|
|
Sniper44
|
|
June 27, 2017, 04:15:57 PM |
|
looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200 maybe I'll wait until it settles a bit . edit> that was fast finex already below yesterday CEX.IO only hit 2400. I think I need to start using a more volatile exchange haha, you should have seen c-cex then. i sold bitcoin there @$2900 and am kicking myself why i didn't place the sell orders at $3100 because someone with fat fingers apparently did a cleanup buy all the way up there i placed the sell order as a joke because i had nothing else to do and no altcoin to buy! What sort of vol did you sell at that price just out of curiosity? my order size was not that big since i don't keep much on there (i do alt-trading on bittrex), but looking at the history and the volume of that particular time it was more than 50 BTC volume. |
|
|
|
|
|
BiteMyShinyMetalAss
|
|
June 27, 2017, 04:44:50 PM |
|
Good morning Bitcoinland.
Missed yesterday's $200 dip and $150 recovery but it's still bouncing up and down like a yoyo... currently $2323USD (Bitcoinaverage).
It's not quite a deep enough dip for me to reallocate funds to buy into it but it's still an opportunity for anyone who missed the last big dip.
______
I figure that since most altcoins are bought with Bitcoin, noob suckers buying into the alt bubble drove the price of bitcoins up, buying them with their fiat.
It also figures that when the altcoin bubble burst, it would bring the price of Bitcoin down, as they sold for bitcoins which they then sold for fiat.
This would go a long way to explaining why on the way up, both rose quickly in price with alts rising faster, and on the way down down, both fell rapidly with alts falling faster and deeper.
Thats what I was saying about people cashing ETH out, since polo was the biggest ETH market for long time. |
|
|
|
|
|
Poll
