[2019-12-17] Bitcoin’s failing price could be caused by $2B Chinese Ponzi scheme

[malevolent]

I hope so for all cryptospace. However, my advice would be to learn from litecoin's halving and to prepare for disappointment. It will make acceptance quicker hehehe.

Litecoin is a speculative shitcoin which almost no one uses, its price started collapsing just after Bitcoin's, and like other shitcoins it also started losing value against BTC.

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[gentlemand]

Litecoin is a speculative shitcoins which almost no one uses, its price started collapsing just after Bitcoin's, and like other shitcoins it also started losing value against BTC.

Has anyone collated info on shitcoin halvings for those coins that have it? Does it have any type of notable effect?

I assume demand and volume swings that much more violently than BTC that those factors overwhelm it.

[figmentofmyass]

Has anyone collated info on shitcoin halvings for those coins that have it? Does it have any type of notable effect?

I assume demand and volume swings that much more violently than BTC that those factors overwhelm it.

i've only looked into LTC. the last two times, it had major pumps---against both BTC and USD---leading into the halving. from may-july 2015 and january-april 2019 it strongly outperformed BTC and the rest of the altcoin market.

i think that says something about the halving effect. LTC is one of the most liquid altcoins though. low cap coins may not behave the same way.

[buwaytress]

Has anyone collated info on shitcoin halvings for those coins that have it? Does it have any type of notable effect?

I assume demand and volume swings that much more violently than BTC that those factors overwhelm it.

i've only looked into LTC. the last two times, it had major pumps---against both BTC and USD---leading into the halving. from may-july 2015 and january-april 2019 it strongly outperformed BTC and the rest of the altcoin market.

i think that says something about the halving effect. LTC is one of the most liquid altcoins though. low cap coins may not behave the same way.

If I recall, this was also a coinciding event for Segwit adoption. I believe a lot of people still feel LTC takes some credit for being a guinea pig for potential Bitcoin upgrades, and the successes it had with Segwit, atomic swaps, lightning, coinciding with halving and then with people claiming credit for the upgrades Bitcoin eventually took up after it, all contributed to those pumps.

Personally, even with Bitcoin, halving immediate or short-term impact's already almost negligible... everything is priced in gradually already.

[Swordsoffreedom]

Has anyone collated info on shitcoin halvings for those coins that have it? Does it have any type of notable effect?

I assume demand and volume swings that much more violently than BTC that those factors overwhelm it.

i've only looked into LTC. the last two times, it had major pumps---against both BTC and USD---leading into the halving. from may-july 2015 and january-april 2019 it strongly outperformed BTC and the rest of the altcoin market.

i think that says something about the halving effect. LTC is one of the most liquid altcoins though. low cap coins may not behave the same way.

If I recall, this was also a coinciding event for Segwit adoption. I believe a lot of people still feel LTC takes some credit for being a guinea pig for potential Bitcoin upgrades, and the successes it had with Segwit, atomic swaps, lightning, coinciding with halving and then with people claiming credit for the upgrades Bitcoin eventually took up after it, all contributed to those pumps.

Personally, even with Bitcoin, halving immediate or short-term impact's already almost negligible... everything is priced in gradually already.

What about long term impact? There has to be long term impact of halving and I don't think it can be priced in half a year before.

[1Referee]

What about long term impact? There has to be long term impact of halving and I don't think it can be priced in half a year before.

Of course there is a long term impact. Miners are rewarded fewer coins, which means that there is less that they can dump on you to cover their expenses.

The thing that people have to keep in mind is that a bear market can drag on for such a long period of time, that it may seem that the halving doesn't have much of an impact, so you have to be patient and not get worried if the price doesn't right away go up to whatever level you hope to sell at.

It's a game where the most patient holders are rewarded the most. Impatient 'holders' will get less, or nothing at all if they sell out of frustration.

[Carlton Banks]

@CryptoBry. It is clearly not speculation anymore. There are new evidences from Chainalysis that support Dovey Wan's hypothesis.

https://blog.chainalysis.com/reports/plustoken-scam-bitcoin-price

you mean Chainalysis, the company proven to be acting against the interests of Bitcoin holders and the Bitcoin ethos, that company?

why should we take their technical analysis as anything more than a part of their wider push for the incumbent financial system to exert more control over cryptocurrencies? They have every incentive to promote the prevention of using cryptocurrencies freely, their business literally is the undermining of capitalism in Bitcoin (i.e. where everyone is enable to behave as an adult that manages their own risk and responsibility)

And I'm slightly taken aback that I'm the first person on this thread to say any of the above.


The whole thing sounds like some level of bullshit to me, how on earth can $2 billion of dumb money really become convinced of a scheme that didn't have any upfront delivery of any known asset? It sounds very unlikely to me, although not impossible of course. And then Chainalysis come along with their Craig Wrong blockchain-based "evidence" act, full of assumptions we're expected to be too stupid to challenge.