Bitcoin - Part 2

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6k breach

It looks like we may see 6k breached unless Tether comes to the rescue. The fact that one of Bitfinex's chiefs has resigned tells me that the game may be up for Tether. If Tether falls then the end could be nigh.
 
psionl0 said:
If your claim is that bitcoin regularly crashes on the weekends then as usual, your chart doesn't back up your fanciful notion.
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Then perhaps it can be used as a currency only during the working week :D but that hardly matters as it is now at a mere one third of its bubble peak value, and I'm pretty certain it has further to fall, as it is now coming with a strong sell recommendation.
 
psionl0 said:
If your claim is that bitcoin regularly crashes on the weekends then as usual, your chart doesn't back up your fanciful notion.
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Another straw man? Clearly a chart that only shows 1 week can't make any claims about weekly cycles. However they do exist.

What is the best day of the week to buy or sell Bitcoin?
TL;DR

It depends on the general market trend. In an uptrend: prices are low on mondays, high on saturdays. In a downtrend: prices are low on fridays, high on mondays.
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I have followed bitcoin on this link

https://www.ccn.com/bitcoin-price/

Very good but off air.

News tells me bitcoin is in the 5800s.

What is going on?

Obviously this is all terminal and the cryptos are dead man walking, worthless, but where is my favoured charting website?
 
If Bitcoin doesn't crash, it could Crash...

Is Bitcoin Going to Crash the Internet? These Experts Think So.
the inefficiency of minting new units of the blockchain-based digital currency is only one complaint that skeptics of its utility have flagged. In a new report, the Switzerland-based Bank of International Settlements (BIS)... hypothesizes

“To process the number of digital retail transactions currently handled by selected national retail payment systems, even under optimistic assumptions,” the report states, “the size of the ledger would swell well beyond the storage capacity of a typical smartphone in a matter of days, beyond that of a typical personal computer in a matter of weeks and beyond that of servers in a matter of months.”

“Only supercomputers could keep up with verification of the incoming transactions,” the report states. “The associated communication volumes could bring the internet to a halt, as millions of users exchanged files on the order of magnitude of a terabyte.”
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But they would say that, wouldn't they?

All of this should be read with the understanding that the BIS, being an organization that represents central banks, has a vested interest in the centralized banking system remaining the status quo.
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Silly banksters, thinking we would be swayed by facts. You could use facts to prove anything that's even remotely true. But that was before Bitcoin. With Bitcoin facts are meaningless!
 
Roger Ramjets said:
Is Bitcoin Going to Crash the Internet? These Experts Think So.


But they would say that, wouldn't they?

Silly banksters, thinking we would be swayed by facts. You could use facts to prove anything that's even remotely true. But that was before Bitcoin. With Bitcoin facts are meaningless!
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Nobody is interested in your interpretation of a journalist's interpretation of a report.

Read the original report and tell us if it is saying something new.
https://www.bis.org/publ/arpdf/ar2018e5.pdf
 
Eddie Dane said:
This is what would have happened to me if I had managed to create billions of real Dollars out of thin air.



And by 'bad end', I mean a complicated sexual mishap with several callgirls and a pound of cocaine in the back of a limousine.
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Ah High School...


Sent from my iPhone using Tapatalk
 
Bitcoin price was 'manipulated' by Social Media's 'silent majority'?

How social media's powerful 'silent majority' moves Bitcoin prices
researchers led by Stevens Institute of Technology show that Bitcoin's value can be manipulated by public sentiment, verifying, for the first time, that social media and Bitcoin prices are linked—but not without a surprise...

Comments and tweets from very active users did not move Bitcoin's price much at all. Rather, the silent majority—infrequent users who took the time to comment on the cryptocurrency's prospects—moved prices more, as much as ten times more, when they posted positive comments.

"This was the first robust statistical finding to verify that social media and Bitcoin prices are actually linked," Mai says...

"Vocal users of social media may sometimes have a certain agenda, in this case hyping or boosting the price of Bitcoin because they themselves have invested in it," says Mai... "Bitcoin investors recognize these potential conflicts of interest and discount them."
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Could it be that the 'silent majority' who 'manipulated' the price 10 times more than vocal bitcoiners are actually just ordinary investors? Perhaps there is no shady cabal behind it after all, and Bitcoin's 'value' really is nothing more than a reflection of public sentiment.

However I must admit that this study only presents a 'robust statistical finding'. No actual facts here, so you can safely ignore their analysis if it makes you uncomfortable.
 
So .. speaking nice about BTC will improve the price ? That's what they saying ? Well it's just best investment opportunity of our lives. And technological marvel. Financial revolution and possibly even start of a new age. No way it would be as sensitive ! BTC is nothing like that.
Gee, hope it was enough ..
 
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