bkbirge
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August 16, 2019, 02:40:16 AM |
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I am throwing up in my mouth a little after reading all these theoretical suggestions on how to suppress dissent.
Our entire much-praised technological progress, and civilization generally, could be compared to an axe in the hand of a pathological criminal. - Albert Einstein and even more chilling... People will come to love their oppression, to adore the technologies that undo their capacities to think. - Aldous Huxley
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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August 16, 2019, 02:47:11 AM |
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It's only a matter of time. Big time money is flowing in, under the radar!Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it's safe to say we now know the answer. We're seeing $200-400M a week in new crypto deposits come in from institutional customers. https://twitter.com/brian_armstrong/status/1162185049699057664 I would love this to be true but Brian Armstrong is completely full of shit As bad as novogratz? There are 1800 Bitcoins mined per day. 1800 x 7 x 10,000 = US$126 million per week in supply. That means for the Bitcoin price to stabilize around US$10k, global net inflows have to be around US$126 million in all categories, for both institutional and retail in every market around the world. There just isn’t room for US based institutional investors to spend US$200 - $400 million per week without significantly pushing up the price, unless whales are dumping. Whales aren’t stupid - they know the halvening is coming. And we know Bitmain’s pockets are empty. So Brian is probably exaggerating by a factor of ten. In fact, they may not have any institutional investment at all given their cowboy history of insider trading.
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nanobtc
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Hi all, I am a full month behind on btc-talk (I am so ashamed, I had been doing it constantly for years). Technical difficulties in the local LAN thing.Practical difficulties in the life thing.
More about me:
I quit my job. Got a better one. (it turns out, the new job is with a company from 1911, it has BLOCKCHAIN as a buzzword. hmm, I have heard of that one)
My parents are really old, and need help. I am clearing out decades of crap (er, I mean, SOLID GOLD, VALUABLE/RARE TREASURES)
I quit playing live music to help my parents. I clocked 450 4 hours gigs, in 6 years.
It will take several more months to get shit re-arranged. Miss you all (even JJG. Sort of).
I am a million/billion pages behind, it will take me months to catch up here.
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jojo69
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Activity: 3318
Merit: 4606
diamond-handed zealot
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August 16, 2019, 03:29:31 AM |
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Nanobtc
You are a good son.
You are absolved of your WO obligations.
Go in peace.
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cAPSLOCK
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Activity: 3808
Merit: 5239
Maybe the Mars is the future!
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August 16, 2019, 03:30:45 AM Last edit: August 16, 2019, 06:28:07 PM by cAPSLOCK |
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It's only a matter of time. Big time money is flowing in, under the radar!Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it's safe to say we now know the answer. We're seeing $200-400M a week in new crypto deposits come in from institutional customers. https://twitter.com/brian_armstrong/status/1162185049699057664 I would love this to be true but Brian Armstrong is completely full of shit As bad as novogratz? There are 1800 Bitcoins mined per day. 1800 x 7 x 10,000 = US$126 million per week in supply. That means for the Bitcoin price to stabilize around US$10k, global net inflows have to be around US$126 million in all categories, for both institutional and retail in every market around the world. There just isn’t room for US based institutional investors to spend US$200 - $400 million per week without significantly pushing up the price, unless whales are dumping. Whales aren’t stupid - they know the halvening is coming. And we know Bitmain’s pockets are empty. So Brian is probably exaggerating by a factor of ten. In fact, they may not have any institutional investment at all given their cowboy history of insider trading. Armstrong... Xxxx him. I can't remember the last time he said the word "bitcoin". And I'm not a purist maximalist. But maybe some of the 400mm inflow is buying whatever those alphabet soup shitcoins he keeps adding are. That Xxxhole is not helping " crypto " much less bitcoin.
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Hueristic
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Activity: 3976
Merit: 5391
Doomed to see the future and unable to prevent it
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August 16, 2019, 04:21:16 AM |
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That was a long read - but it seems pretty to take a pretty reasonable approach. They ain't gonna ban a thing, and Bitcoin and similar crypto currencies are not going to be regulated at all in themselves. Nice spot, Globb0! Cool, you answered my question before i could post it. So what does this mean for the end user? I was a senior hardware engineer there in 96, got out just in time i guess.
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VB1001
Legendary
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Activity: 938
Merit: 2540
<<CypherPunkCat>>
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August 16, 2019, 04:47:43 AM |
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Crypto Exchange Coinbase Acquires Xapo’s Institutional Custody BusinessCryptocurrency exchange Coinbase has acquired the institutional business of cryptocurrency wallet and custody service provider Xapo.
Coinbase said in an announcement on Thursday that the deal will help expand its custody business and will increase its assets under custody to be more than $7 billion.
According to a Fortune report on Thursday, Coinbase acquired Xapo’s institutional business for $55 million after beating another strong contender, the investment giant Fidelity. https://www.coindesk.com/crypto-exchange-coinbase-acquires-xapos-institutional-custody-businessGood morning, nice, we are back above 10,000.
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Lambie Slayer
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August 16, 2019, 05:27:01 AM |
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We didnt get the kind of volume I was looking for yesterday in the relief rally for me to believe in it. Expecting more down till I see a shitload of buyers(bargain boyz ) stepping up to the plate. via Imgflip Meme Generator I dont know if the ponzi boyz are really dumping, but people dont seem really eager to buy corn when it dips sub 10k. I think 8k's will do the trick. Also google trends getting back to april levels doesnt get me excited. https://trends.google.com/trends/explore?geo=US&q=bitcoin
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VB1001
Legendary
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Activity: 938
Merit: 2540
<<CypherPunkCat>>
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August 16, 2019, 05:27:12 AM |
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If the journalists are told to leave Hong Kong....
The challenge for the CCP is everyone is a journalist nowadays...
That is an illusion. There are a finite number of fiber optic trunklines and uplink radios out of the island. Nobody does HF radio any more, so no, civilians have the illusion of being connected when all they are connected to is a centralized system. In HF only radio amateurs remain.
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fillippone
Legendary
Online
Activity: 2324
Merit: 16570
Fully fledged Merit Cycler - Golden Feather 22-23
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August 16, 2019, 05:27:30 AM |
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It's only a matter of time. Big time money is flowing in, under the radar!Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it's safe to say we now know the answer. We're seeing $200-400M a week in new crypto deposits come in from institutional customers. https://twitter.com/brian_armstrong/status/1162185049699057664 I would love this to be true but Brian Armstrong is completely full of shit As bad as novogratz? There are 1800 Bitcoins mined per day. 1800 x 7 x 10,000 = US$126 million per week in supply. That means for the Bitcoin price to stabilize around US$10k, global net inflows have to be around US$126 million in all categories, for both institutional and retail in every market around the world. There just isn’t room for US based institutional investors to spend US$200 - $400 million per week without significantly pushing up the price, unless whales are dumping. Whales aren’t stupid - they know the halvening is coming. And we know Bitmain’s pockets are empty. So Brian is probably exaggerating by a factor of ten. In fact, they may not have any institutional investment at all given their cowboy history of insider trading. He might be exaggerating for sure but: 1.Cash app is buying bitcoin like crazy, look my last monthly recap for this. It is already a good percentage of newly mined bitcoins. 2. Grayscale is buying too: quote premium over NAV is embarrassing. Institutional money is desperate to get exposure to bitcoin. 3.Yes halvening is coming and those buying stats are going to double overnight as a %age of mined bitcoins.
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Lambie Slayer
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August 16, 2019, 05:29:20 AM |
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I want to smoke Armstrongs hopium but I dont trust the Shitcoiner in Chief.
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VB1001
Legendary
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Activity: 938
Merit: 2540
<<CypherPunkCat>>
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August 16, 2019, 05:32:18 AM |
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hv_
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Activity: 2534
Merit: 1055
Clean Code and Scale
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August 16, 2019, 05:46:43 AM |
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Clean original BitCoin not affected ...
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Saint-loup
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August 16, 2019, 05:48:45 AM |
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Good morning, nice, we are back above 10,000.
Good morning... but now we are back below unfortunately
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VB1001
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<<CypherPunkCat>>
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August 16, 2019, 05:55:32 AM |
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^ Yes, it repeats just like yesterday...
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mindrust
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Activity: 3416
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August 16, 2019, 06:04:12 AM |
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Bad news. After yesterday's green everything is awesome candle, we got the red candle again, at least for now. Looks like it is going to test that 9.2-9.3k. I'll buy some serious amounts if this goes below $8k. and I don't mean small potatoes like $100.
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somac.
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Activity: 2106
Merit: 1238
Never selling
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August 16, 2019, 06:14:33 AM |
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I really had no clue this shit had gotten so bad, i was under the impression china had a hands off policy on HK. Apparently thats bullshit and after alot of googling and watching youtube vids I still have no clue whats going on there. I thought HK was the Golden Goose, is china trying to kill it?
Seriously if anyone can explain wtf is going on or link something that doesn't take a day of research to wade through that will sum up what the deal is, post it please.
Hong Kong Activist Leader Calls For A Run On Chinese Banks TomorrowThe shit is hitting the fucking fan. That's what happening in HK. Tomorrow will be a good day. Here is a good article explaining the protests: https://www.theguardian.com/world/2019/aug/13/what-do-the-hong-kong-protesters-wantI remember the fall of the Soviet Union. It is possible that Hong Kong will be the spark that tips over the Chinese Communist Party. Especially if the protests spread to Taiwan and Macau. If the communist party in China falls and we see the ultimate and final "China Unbans Bitcoin" we will soar to 100k in a matter of months I was too young to know what was going on in Tiananmen Square when it happened and I think the media brainwashed me as a child to just remember some guy standing on a tank. I was reading up on it the other day and holy shit, I didnt know the commies killed 2500 to 10k protestors Fuck these cunts, I hope the CIA sends lots of weapons and advisors to Hong Kong. Im usually with my future ex wife Tulsi Gabbard on avoiding regime change but not when its an antibitcoin regime, then I go full hypocrite https://www.youtube.com/watch?time_continue=636&v=-6Wu0Q7x5D0 here is a cool 19 minute video of the history of the world. They need to add Bitcoin to the timeline, but other than that its pretty good. I was friends with a Chinese law school classmate about 10 years ago. I remember a conversation we had about Tienanmen Square. I mentioned something about the "Tienanmen Square Massacre". He looked really confused, and said, "What about Tienanmen Square?" Me: You know, when the Chinese army crushed the protestors in '89 Him: *Really confused look* Me: *Pulls up wikipedia page* Him: *Skims through it quickly* This never happened. Me: Sure it did. There are lots of photos, video, eyewitnesses Him: Sounds like western propaganda *Starts getting angry* Me: *Pulls up some documentary video on youtube* Him: *Watches 3 minutes* THIS NEVER HAPPENED! *Walks away* Wow, China really is adept at censoring what their citizens see. I feel like the Western media must have been influenced by China to somehow softly censor what happened, because I dont ever seen any mentions of actual deaths when American media talks about Tienanmen Square. Just "human rights" or "tank man". They glibly gloss over the thousands of murdered students every single time. If those students had been illegal immigrants I suppose we would have nuked China already. From what I hear the CCP is absolutely able to control their population and have them believe whatever they want them to believe. However, there is one caveat, this only works if the Chinese peoples lives are getting better financially. If things start to fall apart in some sort of repeat of 2008 the CCP will struggle with their propaganda. What has been happening the last couple years in China is a huge amount of very nationalistic propaganda has been directed at the Chinese population. By various accounts this propaganda has been very effective and basically consists of the USA is the devil along with the rest of the western world. The world is underestimating the power the CCP has over their people and they shouldn't. China is comparable to the Soviet Union during the time of Stalin and like Stalin the CCP is, for lack of a better word, essentially evil. As long as the Chinese economy has troubles we will see an increase in nationalism. And any significant falter in their economy will be blamed, very harshly, on the West. This is the CCPs only hope to avoid that caveat I mentioned in my first paragraph.
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Lambie Slayer
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August 16, 2019, 06:23:03 AM |
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Bad news. After yesterday's green everything is awesome candle, we got the red candle again, at least for now. Looks like it is going to test that 9.2-9.3k. I'll buy some serious amounts if this goes below $8k. and I don't mean small potatoes like $100. Yes, it bears repeating that I see no special reason for 9k to hold. We keep testing close to it and neither newbs or institutions are stepping in en masse to buy corn at that price. Lots of people, myself included are saying to themselves they will buy cheap corn if it gets to around 8k. Question is will they chicken out at that point if the doom callers start pounding the table or will they give us the big volume green dildo we need. I dont think it can possibly go lower than 4900 but Im guessing that somewhere between 7500-8500 would put an end to this minibubble correction. Im not calling bottom till I see a shit ton of buyers or 4900 whichever comes first. My bet is bargain boyz step in with corn bags blazing around 8100. via Imgflip Meme Generator
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hd49728
Legendary
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Activity: 2254
Merit: 1099
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August 16, 2019, 06:40:38 AM |
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Bad news. After yesterday's green everything is awesome candle, we got the red candle again, at least for now. Looks like it is going to test that 9.2-9.3k. I'll buy some serious amounts if this goes below $8k. and I don't mean small potatoes like $100. Yeah, like I said weeks ago. $8k to come, and when Bitcoin hits that range, we can say "Wow, let's all in invest in Bitcoin". It will be last chance to see bitcoin in that range for next four years. Did you mean inverted cup & handle pattern? How deep you think we can go from here. Correction is always healthy. Never seeing below $14k will be awesome to see however nothing is certain in Bitcoin.
Around $8000, then boom, we will never see bitcoin stay below $14000. I feel more interesting with the horizontal line at $8000. When people panicly sell at the range of $8000, we might see the next dump to $7.5k, and that time we might see last chance to buy cheap bitcoin, this year. If it happens, next 10 weeks, someone still miss it, will have never have other chances to buy cheap bitcoin. When really big bull run starts, bitcoin will fastly break $20,000. Nevertheless, I don't think that bull run will happen sooner that middle of December this year. For now, enjoy the bounce, just be careful.
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Lambie Slayer
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August 16, 2019, 06:42:09 AM Last edit: August 16, 2019, 06:55:18 AM by Lambie Slayer |
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Its strangely quiet around here. JJG took a day off , Roach not enlightening us with rare never before seen knowledge about metals, centralization designs, and pyramids.
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