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Asrael999
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December 03, 2017, 09:53:19 PM |
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Most provocative statement therein: As JPM explains, "high trading volumes or market cap does not mean that the net flow directed into cryptocurrencies has been equally big."
Here is the bank's punchline: "The net flow into cryptocurrencies is very much a function of coin creation which is controlled by computer algorithms and in the case of bitcoin is diminishing over time. Figure 6 shows the net amount of money invested every year since 2009. The cumulative amount has totaled around $6bn since 2009, well below the current market cap of $300bn." I get that the market cap is not a measure of the sum total of fiat spent to purchase Bitcoin. But $6B? That low? Seems off by an order of magnitude to me, but I'm just pulling a feeling outta my ass. I also get that this figure is courtesy of JPM themselves. Anyone know of an independent source for this statistic? they have no idea - there is no way to calculate the amount of fiat that has moved into bitcoin |
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milkshock100
Member
 Offline
Activity: 242
Merit: 14
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December 03, 2017, 09:54:56 PM |
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to much optimism in the poll
not really - there'll be a new ATH with 36 hours. |
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Wekkel
Legendary
Offline
Activity: 3122
Merit: 1538
yes
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December 03, 2017, 09:55:47 PM |
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It is just stamping the $10k bottom some further. No worries.
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HanvanBitcoin
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December 03, 2017, 09:56:07 PM |
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to much optimism in the poll
not really - there'll be a new ATH with 36 hours. I hope it will take up atleast 14 more hours before it bounces  FIAT INCOMING   |
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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December 03, 2017, 09:57:43 PM |
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can't wait for the big dump
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gembitz
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December 03, 2017, 09:58:10 PM |
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It is just stamping the $10k bottom some further. No worries.
lambos are everywhere :-D weeee |
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jbreher
Legendary
Offline
Activity: 3122
Merit: 1767
lose: unfind ... loose: untight
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December 03, 2017, 09:59:35 PM |
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Am i right that they just dumped $5 Million just now?
Umm.. who's 'they'? can't the exchange say "sorry once you've sold your bitcoins we're not allowing you to buy back because we think you are spamming"
The exchange probably could. In their terms of service or somesuch. But you seem confused over the exchange's source of revenue. |
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HairyMaclairy
Legendary
Offline
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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December 03, 2017, 10:01:11 PM |
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If there is a huge dump, what is the absolute fastest way to move fiat to an exchange ? My experience with wires to Bitstamp is they still take 48 hours. And Coinbase won’t take my non-US credit card (limits are probably too low anyway).
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jojo69
Legendary
Offline
Activity: 3626
Merit: 5300
diamond-handed zealot
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December 03, 2017, 10:02:35 PM |
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I would expect strong support around 7000
yawn
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bitcoinvest
Legendary
Offline
Activity: 1120
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
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December 03, 2017, 10:05:11 PM |
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who sold at the bottom  ? |
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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December 03, 2017, 10:07:24 PM |
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Why is it you can only see half the book on Finex now
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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December 03, 2017, 10:08:48 PM |
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Bruce Buffer says it's time
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HairyMaclairy
Legendary
Offline
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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December 03, 2017, 10:09:04 PM |
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gembitz
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December 03, 2017, 10:10:02 PM |
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If there is a huge dump, what is the absolute fastest way to move fiat to an exchange ? My experience with wires to Bitstamp is they still take 48 hours. And Coinbase won’t take my non-US credit card (limits are probably too low anyway).
take your time :-D zzz |
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HairyMaclairy
Legendary
Offline
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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December 03, 2017, 10:11:26 PM |
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Why is it you can only see half the book on Finex now
Because of people like you and me. |
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gembitz
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December 03, 2017, 10:13:01 PM |
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  rotflmfao |
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jbreher
Legendary
Offline
Activity: 3122
Merit: 1767
lose: unfind ... loose: untight
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December 03, 2017, 10:13:11 PM |
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who sold at the bottom ? Looks like the bottom is not in yet. $10,751.00 on GDAX. Right at the cusp of my next buy. Oops - $10,680. Hit that buy. Time to sell it back at a profit... But will it drop to my next buy first? mybitcoinsareonlyworthwhattheywereyesterday.png |
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ragnar0k
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December 03, 2017, 10:14:15 PM |
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brace brace
pull the oxygen masks
(was about time, this never ending run was concerning me)
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Poll
