Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Mon Jan 15, 2018

Last recent low on BTC was 12.8k and same today 12.8k, needs to hold as most know. :pop:

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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Mon Jan 15, 2018

Just broke. Crash helmet on. hang on.

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Jan 16, 2018

BTC down 4.3% in 24 hours. But most alt-coins on CoinMarketCap are down double digits. It's a market-wide selloff. More government muscle-flexing in Asia, I understand, but I haven't dug into it.

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Tue Jan 16, 2018

Ok this is hilarious. While we all wait for this bear trend reversal in bitcoin, let us have a good laugh.

https://twitter.com/twitter/statuses/952897164564287488
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cmiller17363
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Re: Bitcoins - fad or trend?

Postby cmiller17363 » Tue Jan 16, 2018

SilverDoge wrote:Ok this is hilarious. While we all wait for this bear trend reversal in bitcoin, let us have a good laugh.

https://twitter.com/twitter/statuses/952897164564287488

We might get to go all in! :lol:
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Tue Jan 16, 2018

cmiller17363 wrote:
SilverDoge wrote:Ok this is hilarious. While we all wait for this bear trend reversal in bitcoin, let us have a good laugh.

https://twitter.com/twitter/statuses/952897164564287488

We might get to go all in! :lol:


Market is getting CRUSHED. Anything is possible in crypto.
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cmiller17363
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Re: Bitcoins - fad or trend?

Postby cmiller17363 » Tue Jan 16, 2018

You were spot on with your warning SD. We may go lower, but you called it.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jan 16, 2018

Relax guys, it's a long road, and you need to play the long game.
Gentlemen prefer Engelhard.

cmiller17363
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Re: Bitcoins - fad or trend?

Postby cmiller17363 » Tue Jan 16, 2018

Bucketeer wrote:Relax guys, it's a long road, and you need to play the long game.

I'm HODL'ing, but that was impressive to watch in real time. That was a first for me.
Side note, I guess PM's wanted in on the action.
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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Jan 16, 2018

Man oh man. With only a couple exceptions the whole CMC list is deep red. Well, we've been through this before, and not that long ago. One interesting thing is the money is leaving alts faster than Bitcoin, whose market share is rising.

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xelint
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Re: Bitcoins - fad or trend?

Postby xelint » Tue Jan 16, 2018

Price Manipulation in the Bitcoin Ecosystem

•Suspicious trades on a Bitcoin currency exchange are linked to rises in the exchange rate.

•A single actor likely drove the USD/BTC exchange rate from $150 to $1000 in 2 months.

•Trading volume on all exchanges increased greatly on days with suspicious activity.

•Unregulated cryptocurrency markets remain vulnerable to manipulation today.


https://www.sciencedirect.com/science/article/pii/S0304393217301666

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Tue Jan 16, 2018

xelint wrote:Price Manipulation in the Bitcoin Ecosystem

•Suspicious trades on a Bitcoin currency exchange are linked to rises in the exchange rate.

•A single actor likely drove the USD/BTC exchange rate from $150 to $1000 in 2 months.

•Trading volume on all exchanges increased greatly on days with suspicious activity.

•Unregulated cryptocurrency markets remain vulnerable to manipulation today.


https://www.sciencedirect.com/science/article/pii/S0304393217301666


This paper is focusing on Mt Gox from 2013. That was the only exchange at the time - of course there was manipulation. Perhaps we focus on 2018 now? Tether is a much more interesting "scandal" in progress.

This paper identifies and analyzes the impact of suspicious trading activity on the Mt. Gox Bitcoin currency exchange, in which approximately 600,000 bitcoins (BTC) valued at $188 million were fraudulently acquired. During both periods, the USD-BTC exchange rate rose by an average of four percent on days when suspicious trades took place, compared to a slight decline on days without suspicious activity. Based on rigorous analysis with extensive robustness checks, the paper demonstrates that the suspicious trading activity likely caused the unprecedented spike in the USD-BTC exchange rate in late 2013
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xelint
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Re: Bitcoins - fad or trend?

Postby xelint » Tue Jan 16, 2018

It was more for background reference to understand how we got to the current levels with Bitcoin.

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tdtwedt
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Re: Bitcoins - fad or trend?

Postby tdtwedt » Tue Jan 16, 2018

Bitcoin headed to $100,000 in 2018, says analyst who predicted last year's price rise

https://www.cnbc.com/2018/01/16/bitcoin ... -move.html

:pop:
There are more ways than one to skin a cat.

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xelint
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Re: Bitcoins - fad or trend?

Postby xelint » Tue Jan 16, 2018

A senior official at the People's Bank of China is reportedly calling for a wider ban on services related to cryptocurrency trading in the country.

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/

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tdtwedt
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Re: Bitcoins - fad or trend?

Postby tdtwedt » Tue Jan 16, 2018

80% Of All Bitcoins Have Already Been Mined...

https://www.zerohedge.com/news/2018-01- ... been-mined

:pop:
There are more ways than one to skin a cat.

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Jan 16, 2018

I am seriously considering spending some fiat to buy more Bitcoin, which I have not done in months. I'm talking personally, not the trading project.

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Tue Jan 16, 2018

tdtwedt wrote:80% Of All Bitcoins Have Already Been Mined...

https://www.zerohedge.com/news/2018-01- ... been-mined

:pop:


This is not news. In fact, I always recommend knowing what percent of the supply of a coin is already in circulation when one buys.

https://onchainfx.com/

EOS & DASH are at 41%, XLM at 12%, Ripple at 38%, NEO at 65% etc.
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Gus Chiggins
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Re: Bitcoins - fad or trend?

Postby Gus Chiggins » Tue Jan 16, 2018

Long John wrote:I am seriously considering spending some fiat to buy more Bitcoin, which I have not done in months. I'm talking personally, not the trading project.


+1

I thought 12-13K was a great floor before the next leg up and here we are in the 11K range. Loving this.

Disclosure: Like PMs, I am so thankful for entry points...
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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Tue Jan 16, 2018

Mark Cuban to accept Bitcoin for Mav Tickets next year. :clap:

https://cointelegraph.com/news/nbas-dal ... n-promises


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