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Ted E. Bare
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July 15, 2017, 05:41:27 PM |
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Only feel bad for the newbies selling their perfectly fine positions. Otherwise satisfied how well the price held.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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bones261
Legendary
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Activity: 1806
Merit: 1827
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July 15, 2017, 05:43:16 PM |
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Well back up about 100.000 since my first post this morning, Ill take that as a little rally  This Head and Shoulders chart looks like a scary ghost to me. Creeps me out. |
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orpington
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July 15, 2017, 05:46:33 PM |
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seriously, is this the end of crypto?
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bones261
Legendary
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Activity: 1806
Merit: 1827
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July 15, 2017, 05:49:20 PM |
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Waiting for a cheque to clear
It's not stopping till at least $1600's; better delay that check. Anyway, there is no reason for bitcoin to exist ever since ASICs were created, so let this shit implode with 500 forks and then Luke Jr (or Ruke Junya as he is known in China) can change the PoW algo to GPU mining and bitcoin can have some type of reason to exist again. And someone will just develop an ASIC for that algo. ASIC resistant is a myth. If the economic incentive is there, someone will come up with a way. I don't care how much memory the algo requires. BTW, what the hell am I supposed to do with this silver bullion that I bought a few weeks ago? I'm already bored looking at it. Also, where I am I going to get anywhere near the spot price for it if the need arises? Should I just wait for this "impending" financial apocalypse so that I can score some groceries with it?  Monero disagrees (so far). Just increase the market cap by like 10X (sustained). I'm sure someone will find it worth their while to come up with something. |
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Eric Cartman
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July 15, 2017, 05:49:54 PM |
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Bull trap or the bottom has been reached?
Opinions?
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bones261
Legendary
Offline
Activity: 1806
Merit: 1827
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July 15, 2017, 05:51:31 PM |
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Bull trap or the bottom has been reached?
Opinions?
Bullshit trap is more like it.  |
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crypto research
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July 15, 2017, 06:02:03 PM |
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seriously, is this the end of crypto?
NO You still have ETH or LTC |
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eiskalt
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July 15, 2017, 06:03:55 PM |
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Price will go down until Bitmain goes down.
(...)
You all can thank Jeff Garizk, Jihad Wu, Roger Ver and the rest of people involved in this attack. Sad to see. I can't wait for their asses to get kicked hard.
Yes! Bring it on! NOW!! Get them in, - the 148.th kicking asses. And burn this shitmainhole down! ... Down!!The Garlic, Jihadi Who? and FuzzyFur won't even hear the thunder... It will be like the second BLITZ!! - the SecBlitz!! ... AHAHAAHAHA!! and out of the ashes... Arise!! ... Arise!! ... CHIKUN!!! |
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orpington
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July 15, 2017, 06:07:33 PM |
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Bull trap or the bottom has been reached?
Opinions?
Bullshit trap is more like it. Been a bear trap since June 11 |
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lightfoot
Legendary
Offline
Activity: 3108
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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July 15, 2017, 06:25:54 PM |
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Well I just sold a bitcoin for some pocket cash. $1980 a coin net, BLAH. However the machine only offered me $580. Bearish.... Then 10 minutes later I got a text from the owner. "Would you like more money?" "Sure, another $1400 would do.". "Oh we have that in the machine we'll free it up for you..." Guy got seriously cheap coinz. BULLISH! As for the rest...  |
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yefi
Legendary
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Activity: 2842
Merit: 1511
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July 15, 2017, 06:26:20 PM
Last edit: July 15, 2017, 06:44:21 PM by yefi |
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Some reasonable support around 2k, but below the orderbook is tiny, then the drop probably will be quick.
The orderbook doesn't seem tiny to me and I'm bearish. And I'm sure, at least for your mother's part, that it's fortunate you studied biology.
Not so fortunate, as my training in biology resulted in her plastination. |
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bones261
Legendary
Offline
Activity: 1806
Merit: 1827
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July 15, 2017, 06:27:43 PM |
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The only real limitation is the R&D cost to develop an ASIC. Plus, the risk that If one were developed, they'd just change the algo again and make the effort worthless. However, if they tried to change the algo with Bitcoin, some entity like Bitmain or Bitfury would just develop one on the DL and make every effort to obfuscate this fact when they start putting the farms online to recoup R&D cost and then profit. Also, the risk of Bitcoin changing the algo is much less than Monero, I believe. The Bitcoin community can't even get everybody to be on the same page to address the scaling "issue." How much squabbling would an algo change create? |
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BitcoinNewsMagazine
Legendary
Offline
Activity: 1806
Merit: 1164
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July 15, 2017, 06:31:47 PM |
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Browse Bollinger Bands on a weekly Bitstamp chart and it looks like price is heading down to 20 MA at $1800 to shake out the weak hands. Should get there by August 1. Place your bids.  |
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yefi
Legendary
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Activity: 2842
Merit: 1511
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July 15, 2017, 06:39:48 PM |
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Well I just sold a bitcoin for some pocket cash. $1980 a coin net, BLAH. However the machine only offered me $580. Bearish....
Then 10 minutes later I got a text from the owner. "Would you like more money?" "Sure, another $1400 would do.". "Oh we have that in the machine we'll free it up for you..."
Guy got seriously cheap coinz.
BULLISH!  Don't you use escrow? Def wouldn't be doing trades without it. |
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xhomerx10
Legendary
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Activity: 3836
Merit: 7984
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July 15, 2017, 07:16:32 PM |
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Some reasonable support around 2k, but below the orderbook is tiny, then the drop probably will be quick.
The orderbook doesn't seem tiny to me and I'm bearish. And I'm sure, at least for your mother's part, that it's fortunate you studied biology.
Not so fortunate, as my training in biology resulted in her plastination. That's just scary. I hope you at least waited until she died of natural causes. |
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SERVERIA
Member
Offline
Activity: 122
Merit: 10
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July 15, 2017, 07:22:49 PM |
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Who are those guys posting bs graphs and proclaiming doom? BTC price is recovering, we're going back up!
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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July 15, 2017, 07:26:18 PM |
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Um I have a theory for the latest correction. Yesterday I read about the busting of AlphaBay and at least one of their admins. The article went on to say that they averaged around 600~800k in sales daily which in my head is a daily support of some 500k. Can this have some correlation with the price or not? I mean getting half a million dollars off table every day is something.
The fact that the biggest dark market on the net shuttered and the administrator suicided in Thai jail didn't happen in a vacuum. That's for sure. |
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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July 15, 2017, 07:28:15 PM |
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Who sold at THAT bottom ? |
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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July 15, 2017, 07:42:22 PM |
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BTC
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conspirosphere.tk
Legendary
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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July 15, 2017, 07:48:42 PM |
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bitcoin now:  |
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