Nosk
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Activity: 140
Merit: 35
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February 07, 2018, 01:23:42 PM |
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Here we are, testing 7k € / 8k5$.
Pump must go on.
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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February 07, 2018, 01:26:42 PM |
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strawbs
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Activity: 868
Merit: 1340
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February 07, 2018, 01:30:27 PM |
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I thought HODL was just a typo error meaning HOLD from this forum a few years ago. Not sure where he got Hold On For Dear Life from? |
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Samarkand
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February 07, 2018, 01:30:34 PM |
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...
Yet the price of Tether haven't really crashed. BUT... what has crashed is all the crypto market which I think could be related. What if it was Tether/Bitfinex that had USDT somewhat backed.... NOT by USD but by a mix of USD, BTC and many other crypto?
If that were the case they would have been forced to liquidate those crypto assets to maintain the USDT peg stable. And, having to back more than 2 billion dollars overnight requires a lot of dumping, which causes panic and many other people dump too. Also as the price of the crypto assets go lower, more (coin units) dumping is required to extract the same value.... and there you have your doom circle.
Is that what has happened? Maybe, or at least it has been one in many factors behind the "crash".
Good post. What if I told you that actually a Bitfinex employee (bfx_drew) (accidentally?) blurted out exactly this a few weeks ago?  Most of us know that it is highly unlikely that institutional investors have wired 2.2 billion $ and 85 M € to a sketchy entity like Tether. However, it is entirely possible that Tethers are actually backed by cryptocurrencies. E.g. exchanges like Binance make a ton of income in trading fees, but they collect it in various altcoins and not in fiat and they surely would prefer to hold it in a stable coin like USDT instead of random altcoins. That this could be a problem in the event of falling prices is obvious as @bitserve correctly pointed out in his post. |
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coolws
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Activity: 126
Merit: 20
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February 07, 2018, 01:31:48 PM |
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As a newbie here, from my point of view, in 2017 the flippening into alt coins to get investors interest. From hedge funds to workers like me started the crazy Bitcoin business.
1. In all of the 2017, the price rises sharply but at the end of the year, big players would like to shake as many people out and away from Bitcoin then go back again. Because they already know the future is inevitable obviously and no one can stop this. What they can do are to let as less people as they can to share the cake.
2. In 2017, governments come to admit the existence of cryptocurrency and balance the environment to avoid fall behind.
3. Stocks also proved this in 2017.
Therefore, I'm optimistic enough that price would rise up to at least $10000. What we should do is to buy, buy, buy and hold, hold, hold.
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josephpogi
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February 07, 2018, 01:31:53 PM |
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Hi guys i want to ask . What if i have sell orders then i cancelled it . There's a fee by doing that in binance? Or none? Thnks.
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BTCMILLIONAIRE
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February 07, 2018, 01:32:30 PM |
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I thought HODL was just a typo error meaning HOLD from this forum a few years ago. Not sure where he got Hold On For Dear Life from? It was just a typo. Things have a tendency to take on a life of their own though, like the Ugandan Knuckles conglomerate of memes for example. |
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BTCMILLIONAIRE
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February 07, 2018, 01:32:45 PM |
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Hi guys i want to ask . What if i have sell orders then i cancelled it . There's a fee by doing that in binance? Or none? Thnks.
No fee until your order gets triggered. |
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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February 07, 2018, 01:33:20 PM |
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Cologne. Nice. Hundreds of other mass murders, thousands of promises to take over our lands, backed by action at that. And you think the problem is westerners who want to defend their people. In war people like you are called traitors. And peace is a temporary situation. |
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SecondLeoTheSecond
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Activity: 53
Merit: 0
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February 07, 2018, 01:37:34 PM |
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We'll face resistance now.
Likely short lived though.
From here it's either down fast and soon with next stop 3,3k or up to 10,2k in about a week. Upside more likely.
And the next resistance back up should be around 9,2k. Still going with the 10k timeline. The 3k3 scenario is mostly ruled out until the next hit of 10k. |
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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February 07, 2018, 01:41:12 PM |
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Quantum pseudo-telepathy  |
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BtcMan2009
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February 07, 2018, 01:42:14 PM |
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There now as I also assumed for a start level 6k stood and the rebound from it went, I wrote about it earlier. Now even in news change of a background of news and this beginning of formation of a new bottom is observed. Perhaps there will also be a new updating of a bottom, but think there will be sharp rebounds and it is informidable. Truth already where that nearby. So far I think of any big growth to say a little early. Most likely so far the movement sideways for several months. The price will probably stick at $6666 for a while.
Seems like floating around 6800, trying to go higher, but stable Curious what tomorrow will bring, hope there is some good news from that American governement meetup. Wow sad satate of bitcoin to hope for good news from US gov. On the news there is nothing good, it's a little alarming. But the level of 6k really wonderful, at least near the truth. Very similar that goes out near the hearth. |
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savetherainforest
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February 07, 2018, 01:43:02 PM |
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Hehehehe!!!... its so f^*king nice here when ya'll are sleeping, there is no f*^king 50 page spam that I need to go trough and read!!! Yay!!!  Keep going bitcoing!!! Go! Go! Go!.. Choo! Choo! CCMF!!!  I have no time to go over 50 pages. Here's a recap: - CCMF; - Who sold at the bottom; - Rockets; - Hodl. Am I right? You forgot Glade, but it's over now. Winter is not over yet... there is still snow in the tropics this time of the year! Let us bring out those jamaican summer bobsleds. |
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LFC_Bitcoin
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Activity: 3528
Merit: 9547
#1 VIP Crypto Casino
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February 07, 2018, 01:47:27 PM |
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$8530 on Stamp - Is the worst over, is the bottom in?
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Herman Hesse
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Activity: 76
Merit: 0
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February 07, 2018, 01:57:31 PM |
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I am still cautious.. mid- to long-term I am very bullish.. but short-term (next 2 weeks) it is possible that we could test 6k again... hope not but it could happen...
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BTCMILLIONAIRE
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February 07, 2018, 01:58:16 PM |
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It was just a typo. Things have a tendency to take on a life of their own though, like the Ugandan Knuckles conglomerate of memes for example.
I spit on you. You are not de reel qween. My brudda. I never said I was. |
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WindForce
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Activity: 221
Merit: 10
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February 07, 2018, 02:01:05 PM |
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I am still cautious.. mid- to long-term I am very bullish.. but short-term (next 2 weeks) it is possible that we could test 6k again... hope not but it could happen...
That dip to 6k seems now what's called a "fake head". Let's hope we hold that 8K support and build some bullish momentum, then next stop will be 12K |
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fabiorem
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February 07, 2018, 02:07:07 PM |
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I hope this is not the violent bounce predicted by TERA, or my sacrifice to appease Karhu would be in vain.
We are not going to the moon anymore. We are going to Jupiter.
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