Thread: RIP Bitcoin

  1. #6026
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    the btc bulls are running out of gas.

    looks like profit taking and stop-losses will push it down and we'll see if the 9,000 support level will hold.

    6,000 strong support below that, apparently.

  2. #6027
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    prediction: the btc/usd 3 month chart looks like any new mountain tops will be low (not reaching new highs). without any surprisingly positive news for btc, the fundamentals aren't going to change and btc will be range-bound for the year (good for short-term trades).


    RIP Bitcoin-screenshot-coinmarketcap-com-2018-02-24-a
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  3. #6028
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    Monkey Coin's doing pretty good....


    RIP Bitcoin-monkey-png
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  4. #6029
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    ^^

    RIP Bitcoin-whoopsalulu-jpg

    I know that Christmas Crash 'W' better than I know the back of me cock.




    You never forget your first crash.
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  5. #6030
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    ......

  6. #6031
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    Anybody looking for free bitcoins, buy some ZCL, they're practically giving it away. The fork's on Wed and the price keeps dropping.

  7. #6032
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by uncle junior View Post
    Anybody looking for free bitcoins, buy some ZCL, they're practically giving it away. The fork's on Wed and the price keeps dropping.
    There may be a reason for the price to drop just before such a 'too good to be true' fork.

  8. #6033
    Excommunicated baldrick's Avatar
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    Quote Originally Posted by uncle junior View Post
    Anybody looking for free bitcoins, buy some ZCL, they're practically giving it away. The fork's on Wed and the price keeps dropping.
    Something does not sound logical.

  9. #6034
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    a few interesting points here:

    https://steemit.com/bitcoins/@kenrap...-upwards-again

    Right now for the first time in over 8 years, Bitcoins is going through some of the longest and lowest stretches where its adoption rate is very low and not growing. And there is almost no chance it would fully recover until that reverses. I mean what will that recovery be based on if fundamentally actual users are no longer adopting it at the growing rate they were for years. Any temporary rises would be like vapor - based on nothing.


    Maybe the Lightning network will change that dynamics but something will have to give here or its growth rate in price too will have to eventually change, long term. If Bitcoins are being used less, and the growth in blockchains and cryptocurrencies is continuing, this might be the sign of the beginning of a whole new realignment where cryptocurrency adoption is now proceeding through other alternative assets. This is important to blockchains and even steemit because previously the value of all other cryptocurrency asset has followed that of Bitcoins. We might slowly see that begin to change.

  10. #6035
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    Quote Originally Posted by baldrick View Post
    Something does not sound logical.
    The latest fork, bitcoin private, a fork from Zclassic and BTC.

  11. #6036
    Excommunicated baldrick's Avatar
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    Privacy will be voted on soon by the decred stakeholders. The code to facilitate this is being added now

  12. #6037
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    looks like the bears didn't have much power and the support line is holding:

    today's btc chart:

    RIP Bitcoin-screenshot-coinmarketcap-com-2018-02-25-a
    Attached Thumbnails Attached Thumbnails RIP Bitcoin-screenshot-coinmarketcap-com-2018-02-25-a  

  13. #6038
    Thailand Expat jabir's Avatar
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    Something doesn't feeel right about the BTC/ZCL fork; first, not logical to award the same number of tokens to two coins with an 80-1 difference in value, though it might explain why BTC has been sluggish recently, because under these conditions it makes sense to dump it for ZCL.

    But if I have, say, one BTC in my nano, I would need to transfer it to one of the few exchanges trading ZCL, convert to ZCL, withdraw to a qualifying ZCL wallet, wait for the as yet undetermined ZCL fork time, deposit ZCL back to exchange for reconversion to BTC, and send that back to nano. For this I get a bunch of 80 tokens instead of one, which does sound nice.

    Meanwhile, I expect ZCL to fall and BTC to rise dramatically immediately after fork as ZCL is dumped back into BTC, and naturally the big money will be first in line, so that much if not all of any extras derived from the tokens is likely to go towards the several conversions and transfers, and then be swallowed by the new rates as BTC rises and ZCL drops after the fork.

    Not sure if I got that right but it sounds right in my head; otoh, 80 BTCP instead of one is a juicy incentive to dismiss logic.

  14. #6039
    Thailand Expat AntRobertson's Avatar
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    That pretty much sums it up for me!


  15. #6040
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    Quote Originally Posted by jabir View Post
    as yet undetermined ZCL fork time
    Snapshot will be at 5PM UTC on the 28th.

    https://btcprivate.org/

    Last week ZCL was 200 bucks. Was down to 99 on Sat. Guess people don't want free Bitcoins. Maybe the brand's been oversold.

  16. #6041
    Thailand Expat jabir's Avatar
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    The way I understand it, every fork weakens the mother coin. My other forking freebies (ETZ and LCC) are sitting around waiting for a serious exchange to acknowledge their existence.

    I will keep my BTC, but good luck with your BTCP, could well be worth $100 which translates to $7-8k on a BTC making no sense at all.

  17. #6042
    Excommunicated baldrick's Avatar
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    Quote Originally Posted by jabir View Post
    making no sense at all.
    it makes sense to the people who orchestrate the fork - how many do they recieve as pre mine

  18. #6043
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    1. Take someone else's code
    2. Fork
    3. Shill
    4. ???
    5. Profit.

    Money for nothing and also makes a mockery of the 'banks are evil cause they use fractional reserve' argument. The crypto-anarchists are hating on the banks for making money out of thin air but don't mind cashing in themselves when they get the opportunity. BTCoiners are the new money-loving fascist elite.
    Some people think it don't, but it be.

  19. #6044
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    That reminds me of this:

    https://cointelegraph.com/news/bitma...ralized-nature

    Not that specific article, it's a little dated, can't find the one I read last night but the point's largely the same.

  20. #6045
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    Looking at how much my portfolio goes up and down each week, (typically 50%), I'm beginning to think that I'd be better off day-trading (or weekly-trading), rather than banking it all away for the long haul.

  21. #6046
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    Mine has been rather boringly static for the last 3-4 days.

    Only minor swings in any direction.

  22. #6047
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    Quote Originally Posted by Simon43 View Post
    Looking at how much my portfolio goes up and down each week, (typically 50%), I'm beginning to think that I'd be better off day-trading (or weekly-trading), rather than banking it all away for the long haul.
    Kinda moved into that after putting my long-term portfolio away a month or so ago.

    Bought a BTC for 200k and sold it for 307k.


    Though also bought some in the mid 300's and waiting patiently for it to hit 400k to sell, for about a month. And ETH to hit 40k. Will be waiting a while longer.


    Couldn't really be too bothered doing it seriously at the moment. There's definitely big profits to be made if you put time and energy into it, follow what's happening, could almost become a full-time job. A very profitable one.

  23. #6048
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    Thailand reminds me of Bitcoin. All hype, no substance. I will short Thailand, but I'm long on Patterz.

  24. #6049
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    http:// https://www.zerohedge.com/news/2018-02-25/bitcoin-slides-coinbase-informs-13000-customers-imminent-data-handover-irs

    Allegedly the ability to remain anymouse by "trading or speculating" via digital tokens was and remains a fallacy.

    "Having neared $12,000 last week, Bitcoin prices have dipped back into the red for February, accelerating below $10,000 this weekend as news that the US' largest cryto-exchange, Coinbase, will be turning over 13,000 customers' information to The IRS."
    Last edited by OhOh; 26-02-2018 at 06:54 PM.
    A tray full of GOLD is not worth a moment in time.

  25. #6050
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    bulls taking command (btc one day chart):

    RIP Bitcoin-screenshot-www-coindesk-com-2018-02-a
    Attached Thumbnails Attached Thumbnails RIP Bitcoin-screenshot-www-coindesk-com-2018-02-a  

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