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Its just people keeping the TA triangle in check, its still manipulation. Now its closing in, probably going upwards now for a new trent.
Yep, ive been saying for a long time that its the last times to get in crypto
Accumulating sperm in my blue balls as we speak.
Check this:
https://cryptowat.ch/markets/bitfinex/btc/usd/3d
There are fewer panic bottoms in this bear. In previous bear 2013-2015 there were 6-8 full panic capitulations. Those capitulations were happening every several months, more frequently at the earlier stage of the bear. Longest span between two full panic events happened at the very end of the bear and was the longest span of all, lasting 7 months.
Thus far this bear 2017-2018 had seen some panic in the first two months. Full panic happened only once, at the beginning of February. Since then 8 months have passed and both times it bottomed (April and June) no panic occurred in BTC. Those bottoms were comparable to corrections in a bull market.
Reasons for lack of panic in this bear could be:
Fear is unreleased and major panic event is about to happen.
Whales are sufficiently stuffed with fiat to form a firm and uniform support.
Market has generally matured to the level where it is less moved by fear.
New big money is entering at this levels thus preventing panic events.
The way market bottomed in April and June, where panic was to be expected but didn’t happen, favours second and fourth explanation.
Price drops? Means massive accumulation by institutional investors.
Price rises? Means massive accumulation by institutional investors.
Price stays the same? Means massive accumulation by institutional investors.
Bull run begins when Wall Street gets their bonuses after Chinese New Year.
This may be so, but don't expect any spectacular price rises until after Janurary when the fear of a repeat of 2018 will finally subside.
If prices stay as they are for the long haul it will actually be better, as retailers may once again dare to accept crypto as payment.
A currency is only as good as the faith one has in what backs it, be it gold, or the "full faith and credit of the United States". But even the full-faith-and-credit has a hidden "and the army which supports that faith". Bitcoin and its ilk have no such thing. There is not even a fear of violence backing bitcoin like there is with USD or most any other governmental currency.
If you think of the blockchain as a public triple entry ledger, then you can think of some great use cases for it, especially issues that today require trusting a third party, but it definitely doesn't solve every problem out there, and I have yet to see a decent argument for it supporting a currency.
Isn't the cold wallet actually traders' crypto? How does it deny the insolvency :D
I like a lot of the work the NIST does but their cryptocurrency related work is quite a mixed bag. I like that they talk about the "nothing at stake" problem with PoS. I wish they would talk at all about the inherent inefficiency of blockchains and the superior traditional solutions that exist for many permissioned blockchains. They touch very briefly on the fact that blockchains aren't inherently immutable but do little to describe where the properties of immutability come from or the nash equilibrium that keeps all security actors, not just miners, working together. They don't discuss near enough the economic security model and its consequences.
My ideal NIST document would strongly discourage the use of permissioned blockchains that do not themselves resolve to an adequately secured permissionless blockchain, and delve deeper into the decentralized security models security actors including network participants and the incentives which drive them. Some talk of layered blockchain solutions like drivechains and sidechains and most importantly off chain solutions would go a long way too.
3 building collapsing at near free fall speed along the path of highest resistance, symmetrically, on the same day, with rocks exploding and fizzling into dust in mid air. NIST need to go back to basics and learn the laws of energy conservation before trying to figure out how pow blockchain works.
This is a big step towards adoption in the public sector. I suspect the steps will a basic framework for FedRAMP and HIPAA compliance.
Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: chabes
I really like the flow chart on page 42. A very easy to follow answer for "Should I use Blockchain?"
In order for ICOs to be a positive thing for bitcoin and cypto generally, there needs to be some way for holders to be rewarded other than through token value i.e. they need to have some sort of yield or represent an enforceable equity share of the company.
Until that point is reached they are just money printing which serves only to part fools with their money and dilute bitcoin.
This is probably possible with smart contracts but its not gonna happen in highly regulated environments like the US UK or EU, this sort of innovation will need to come from somewhere else.
Is this really the first time you guys have heard about RSK ? Nothing to see here. Just another hype article.
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This is why you should diversify in crypto. If people claim to be in it for the technology (whatever that means, lol) then they should be holding a variety of other crypto, not just lisk.
my personal opinion is that everyone should aim to own at least 1btc, and then various picks from other projects with a good track record / direction. no sense to just hold lisk and pray for an sdk, whilst other projects catch up or even overtake them.
sunk cost fallacy will catch out a lot of people in this bear market...if you find yourself doubling down on your alt which is down 90%, it doesnt mean its a sure bet in the long term. buy some Holy God Emperor btc and see what happens.
Umm doesnt BTC still move like a snail? This sounds like an unrealistic goal. Articles like this are more FUD and hype. I'm not holding my breath. How could this be better then ETH let alone Lisk?
The smart contracts are written in the same dominant language as ethereum – that being Solidity. And the network is fueled by a bitcoin-pegged cryptocurrency dubbed «smart bitcoin,» or SBTC.
Could be the end of Lisk tbh, the fact that it's BTC.
Unless the team miraculously speed up.
​
Not good imo.
The idea of side chains is nothing new - Lisk started 2016 and we are almost 2019.
Almost 3 years have passed since lisk is life. Lisk SDK is expected somewhere in 2019, probably Q4 at best as they cant release a road map for what it feels like ages- what can we expect about a finished product.
The way its going some other project will steal the first move. They will get all the hype and Lisk will be left in the dust.
If BTC does introduce side chains this year and is a working viable product its gonna take the market potential for itself... there will be breadcrumbs for the rest
been reading more and more about others and "sidechains"... i'm not sure whether this is good or bad for lisk? i'm sure more people can shed some light..
the ramble on /r/cc just clenched their assholes hoping this isnt true because they hope to get rich on w/e shitcoin they deeply believe int lol buy bitcoin now or cry later
no thanks , ICOs in general are extremely dangerous investments with strong incentives to fail unlike traditional venture capital investing
Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: AnoniMiner
Salty bois got rekt.
Too little too late, fuck SALT. They should have discussed how limited their lending would be during the ICO.
wondering what's involved in gaining access to enable loans in these regions, if t's allot of government whitepaper then surely salt has a bright future.
On the other hand, the instantaneous price of a coin is easy to verify. Everyone who buys or sells at the exchange can verify it, so exchanges can't easily lie about it.
Here's an interesting solution for ranking exchanges by their order book depth in a way that's more difficult to manipulate. Perhaps it could be adapted to rank coins. https://bitcoinity.org/markets/rank_explanation
Also why not focus on the selling interest too? Any one sided metric is even less trustworthy.
Also whilst market cap is easy to measure, book depth seems more difficult. How far away from the touch do you count? A million dollar offer which values bitcoin at 3cents represents almost no information. Firstly because by the time the price drops there's no way that offer will still be good and secondly because even if that offer were still good that change in price would represent a total shift in the market.
Also, this seems to compare apples to oranges, because some coins will contain market makers who are likely to leave orders in the book and cancel in response to signals, thereby creating phantom liquidity whilst others won't have enough volume to attract market makers and so all the depth is real.
Buy support is the sum of buy orders in USD equivalent from top 20 exchanges (planning to include more in future). It shows the actual amount that people want to buy.
One might say that it's easy to place a large buy order at very low price & increase buy support artificially. However, because of low price, the increase will be negligible.
What do you think? Tell us in comments.
This is one of the very few measures that is not easily faked...
Curious how you have arrived at $1.5T of buy support for BTC?
Given an example, a $1 bid on 100 BTC equates to $100 of buy support. In this example, would you count this as 100 * current price?
For reference, my custom tool reports BTCUSD pairs across major exchanges and shows approx 40kBTC of liquidity 10% either side of the current price. This is approximately $0.25B.
On the website design, a fixed-width font would be helpful for the numbers. Currently, ETH at $22,898,033,476 looks one digit larger than BTC at $113,768,712,510.
- Is buy support at any level? As in, there's hug buy support for bitcoin, but is this counting people who have buy orders at the $6500 range all the way down to the $1 range?
I think this essay is very insightful. The mask came off in an obvious way and that will not be soon forgotten.
Kavanaugh is the last puzzle piece in an effort by the GOP to install an activist and right wing supreme court who can push through laws which are generally too unpopular to make it through the senate and congress. Once he is in place, the pretence of the supreme court as being above politics can finally be dropped because there will be nothing that critics can do to change it for decades. Up until now, Kavanaugh has been careful to show his right wing credentials as part of his judicial decisions and opinions without being overly political (this is what makes him a great nominee for the GOP). But now he is inches away from his goal, he realises that politics is what will be needed to get him over the finish line and that is why he was so outspoken during the hearing.
Gamble Vs. United States is a little-known supreme court case coming up that could give Trump the power to pardon his crime family, while also making them immune to state charges. This is the real reason why the GOP is stacking SCOTUS with Kavanaugh, to make all of the crimes uncovered so far and in the future disappear completely. The Republicans will have the power to completely and forevermore commit all of the crimes their hearts desire with complete and utter impunity.
This is how America dies. We must stop this by any means necessary.
My only comfort is that history will not be kind to Kavanaugh, Trump, Mitch McConnell, etc. It will not be like with the Civil War where they rewrote history and villainized better president like Grant (who had his problem but was a better president than people realize).
I am an outside observer (Aussie) and longtime supporter of your country. A lot of countries, like mine, rely on a healthy US sovereignty for our own prosperity and stability.
It is alarming to see the blatant treachery, sabotage and self-serving behaviour of Republican politicians toward your democratic institutions and the US constitution. They have declared war on the American people.
With Trump at the helm of the current gerrymandering, and now Kavanaugh going to the Supreme Court, it is clear they intend to usurp what was once democratic power of your citizens.
They are trying to install a dictatorship to operate under a thin veneer of democratic procedures.
You need to powerfully and immediately marshal and mobilize your voting contingencies to defeat this enemy within.
Once the Republican party have dismantled democracy in the US, rebellion will, at best, be readily and easily crushed. At worst, it could lead to the disintegration of the United States, and even civil war.
Apparently, in republican land, it looks Brett can have it anyway he wants it.
Willing, not willing, drunk, sober, rape, sexual assault, whatever he wants, whatever he did... he's gonna be a SCOTUS. A prize day in America for morality. It's a good thing that the church crow endorses it.
But you don’t understand. He gets to have what he wants, do you see? Because he thinks he overcame serious challenges to be there. Because he’s entitled to it. Do you see that? It’s owed to him because he wants it. Brett gets what Brett wants or he gets angry. And if he gets angry it’ll be all your fault.
Well, I'm looking at some pretty compelling evidence that says he's about to have it any goddamn way he wants.
Y'know... Just like he's always been able to over the course of his privileged life.
His performance is indelibly etched in the public mind. For as long as Kavanaugh sits on the court, he will remain a symbol of partisan anger
No, he'll "remain a symbol" of sleazy, lying, drunken sexual abusers.
He can’t have it both ways, but that isn’t going to prevent him for ruining the court’s credibility.
It’s gunna get real awkward when Brett with the Big Brain has to rule on evidence in rape cases. Just sayin!
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He lies, he cannot be trusted in a position of public trust. That's just the way it's going to be for him; sort of what it's like when you're not a man of your word.
I'm curious as to how the other justices will view the new guy. Not that we'll ever know for sure, they keep their own counsel, so to speak.
I cannot wait till in case after case litigants file motions for Kavanaugh to recuse himself since he is biased. He has admitted his bias in front of the Senate. Kavanaugh cannot rule on any case involving left wing media, the Clintons in any way or democrats.
This article was written by a former Dean of Yale Law School, just for context. His closing comments were as follows...
Judge Kavanaugh cannot have it both ways. He cannot gain confirmation by unleashing partisan fury while simultaneously claiming that he possesses a judicial and impartial temperament. If Kavanaugh really cared about the integrity and independence of the Supreme Court, he would even now withdraw from consideration.
But I see no evidence that he is about to withdraw. Kavanaugh will thus join the court as the black-robed embodiment of raw partisan power inconsistent with any ideal of an impartial judiciary. As the court moves to the right to accommodate Trump’s appointments, Kavanaugh will inevitably become the focus of distrust and mobilization. His very presence will undermine the court’s claim to legitimacy; it will damage the nation’s commitment to the rule of law. It will be an American tragedy.
I have a feeling that 2020 will be 100k not 1 million. 2021 however...after the half of btc maybe 1 million.
What if Mcafee, assuming he is wrong, at 11:59 PM Dec 31 2019 puts in an order to buy 20 Dollars worth of bitcoin at $1,000,000? Given the alternative not a bad investment.
Well in the current economic climate, there is going to be a crash worse than 2008 because all of the banks colluded and ignored the bankruptcy instead of facing it. This crash is predicted to happen within the next year and a half. This would make the dollar crash so likely one bitcoin would be worth a million but also a loaf of bread would be worth 1000 dollars.
This is why I love Bitcoin.
I go into the office Monday - we're 57% below the McAfee Dickline, I get blank faces. Here, I get hugs.
STOP!!! There will be no dick eating on live TV. Recently a group of researchers found a vulnerability in McAfee’s Bitfi wallet and they immediately changed the terms on their website to close the security bounty program.
In the end, he will not have the honor to eat his dick.
Lol so little known fact that NYSE volatility indices are now unofficially measured in “Standard Deviations from the McAfee Dickline.”
It’s a brave new world!
bitcoin will hit a million but not for a decade or more
You're measuring it on the wrong scale. McAfee's growth line is exponential, so we're only about 5% below it.
This is why math is important kids.
https://www.reddit.com/r/Bitcoin/comments/8zbrs0/this_is_what_a_logarithmic_chart_looks_like_puts/
Am i the only one that noticed mcafee tweet saying "bircoin" instead of "bitcoin"? Could this protect him morally/legally against his own affirmation?
If bitcoin were one million, it'd be worth about 1/3 the us stock market.
Ha ha, yeah right
The dick line is a smoothed out average. I think McAfees dick is still safe.
Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: BitcoinBoffin
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