Re: Lose all your capital fast, with MatTheCat and his TA 101A!
I think that after chinese pushed the market last week, it's not the turn of western exchange, probably for the "same" reason (not a devaluation though, but weaknesse of the $)
Let me see if I get this: Chinese purportedly bought BTC due to yuan getting devalued rel. USD ($ too damn strong!)now the westerners are gonna buy BTC because $ too damn weak?
You must'a been to some expensive universities....
Lazy to make you a chart, USD short term downtrend against some of its friends:
https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2016/05/31/dailyclassics_aud-usd.html
https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2016/05/30/dailyclassics_eur-usd.html
https://www.dailyfx.com/forex/technical/home/analysis/nzd-usd/2016/05/30/dailyclassics_nzd-usd.html
From the ETH website:
Quote
Ethereum would never be possible without bitcoinboth the technology and the currencyand we see ourselves not as a competing currency but as complementary within the digital ecosystem. Ether is to be treated as "crypto-fuel", a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.
Can you guys stop it with all the ETH propaganda already?