Re: Do you think "iamnotback" really has the" Bitcoin killer"?
Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and (at least near-term) also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT (dollar peg) temporarily until this dip has concluded
https://bitcointalk.org/index.php?topic=1663070.msg18594538#msg18594538
Is BitFUnix and the Tether dollar USDT about to crash the Bitcoin market?
https://bitcointalk.org/index.php?topic=1663070.msg18594538#msg18594538
Re: Take profits now!
None of those are possibilities. 0% chance.
And no side will ever win.
Reading the following threads (not just the linked post) will help you understand:
https://bitcointalk.org/index.php?topic=1857162.msg18526721#msg18526721
https://bitcointalk.org/index.php?topic=1837136.msg18571238#msg18571238
https://bitcointalk.org/index.php?topic=1767014.msg18579825#msg18579825
https://bitcointalk.org/index.php?topic=1867541.msg18570031#msg18570031
The above link to all my points on the Scalepocalypse.
In my opinion, going "all-in" or "all-out" at this very moment is dangerous (only exception: if you are totally satisfied with your profits until now).
The scaling debate still dictates the price movements. In every single moment the following two things could happen:
- some pool jumps to BU and gets it near or over 50%, making hard fork a real risk -> very bearish (target: ~700)
- some pool jumps to Segwit and gets it near or over 50% -> bullish / sideways (~1200-1350, but perhaps not strong enough for a new ATH)
- UASF gets traction and Segwit approval is very likely -> very bullish (new ATH, target ~2000)
- a compromise solution (EB, Segwit2MB) gets Core and majority miner approval -> also very bullish
That's why I wouldn't take sides still. And I disagree with AnonyMint: I think no side has "won" until now.
The scaling debate still dictates the price movements. In every single moment the following two things could happen:
- some pool jumps to BU and gets it near or over 50%, making hard fork a real risk -> very bearish (target: ~700)
- some pool jumps to Segwit and gets it near or over 50% -> bullish / sideways (~1200-1350, but perhaps not strong enough for a new ATH)
- UASF gets traction and Segwit approval is very likely -> very bullish (new ATH, target ~2000)
- a compromise solution (EB, Segwit2MB) gets Core and majority miner approval -> also very bullish
That's why I wouldn't take sides still. And I disagree with AnonyMint: I think no side has "won" until now.
None of those are possibilities. 0% chance.
I think no side has "won" until now.
And no side will ever win.
Reading the following threads (not just the linked post) will help you understand:
https://bitcointalk.org/index.php?topic=1857162.msg18526721#msg18526721
https://bitcointalk.org/index.php?topic=1837136.msg18571238#msg18571238
https://bitcointalk.org/index.php?topic=1767014.msg18579825#msg18579825
https://bitcointalk.org/index.php?topic=1867541.msg18570031#msg18570031
The above link to all my points on the Scalepocalypse.
Is BitFUnix and the Tether dollar USDT about to crash the Bitcoin market?
Re: BTC doing good after this big dump
Just like what others said, I don't go for it that it was a big dump. It's only a very small fluctuation compare to what happened from the past like Mt.Gox and with the BTU drama.The price right now is at $1,199 on preev and it will keep on moving and stable at that rate. We'll see that $1,300 very soon.
Expect some event to serve as a distraction from the Scalepocalyspe reality that we are enslaved by the shadow elite.
BitFUnix has probably been paying off old thefts with new Ponzi money incoming per recent news.
Making excuses about not being able to make wire transfers.
Also note that Tether was involved in that lawsuit, so perhaps USDT token is also not safe to hold:
The reason for the 2 - 3% discrepancy between BitFUnix/Poloniex and Bitstamp is because the former at quoting in USDT, which is the Tether dollar. The market believes the Tether dollar is worth 2 - 3% less than the real US dollar.
You can rest assured that Tether dollars are a private fractional reserve system. The list of those who can redeem USDT for real US dollars is controlled by Tether, so they can prevent a run on the bank. If the market ever senses that the USDT is not backed by anything or is in danger of being regulated non-compliant for exchanges, then all those holding USDT would probably see the value of their USDT go "proof, and it's gone". I am suspecting that the way BitFUnix has remained afloat is by scheming with those who created Tether so they get a kickback for using USDT instead of actual dollars on their exchange. Ditto perhaps Poloniex. The collapse of USDT could cause another flash crash to Bitcoin.
The floor is really around $1050-1100 right now and it's unlikely to break that due to the strong resistance in the market.
We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.
Just like what others said, I don't go for it that it was a big dump. It's only a very small fluctuation compare to what happened from the past like Mt.Gox and with the BTU drama.The price right now is at $1,199 on preev and it will keep on moving and stable at that rate. We'll see that $1,300 very soon.
as far as I know a correction shouldn't be sharp. it is usually a slower drop. the sharp dips usually show some kind of manipulation and followed by panic sell. mostly starting with the expectation of a drop (in this case the SegWit drama by F2Pool) and then weak hands jump.
Expect some event to serve as a distraction from the Scalepocalyspe reality that we are enslaved by the shadow elite.
This market is flat out fraud. $30 $41 spread between Finex and Bitstamp. Since we all know Bitfinex is an insolvent exchange that trades against it's own customers and also steals their money, I'm guessing that spread is also propped up by non-existent money just like Gox. Why are people willing to put up a $2 million buy wall on Bitfinex but no other exchange to try and prop up price? Because Bitfinex probably isn't even using real money, just imaginary exchange digits.
I've been saying BitFinex is the new Gox forever and here it is. There is no valid price of bitcoin as long as Bitfinex is the market maker.
The current chart looks like shit and is forming a down channel and you got fraudsters on Bitfinex trying to manipulate it up with imaginary money that probably doesn't exist:
I've been saying BitFinex is the new Gox forever and here it is. There is no valid price of bitcoin as long as Bitfinex is the market maker.
The current chart looks like shit and is forming a down channel and you got fraudsters on Bitfinex trying to manipulate it up with imaginary money that probably doesn't exist:
BitFUnix has probably been paying off old thefts with new Ponzi money incoming per recent news.
Making excuses about not being able to make wire transfers.
Also note that Tether was involved in that lawsuit, so perhaps USDT token is also not safe to hold:
Court records show that yesterday, lawyers for the plaintiffs iFinex (the owner and operator of the exchange), its two British Virgin Islands-based subsidiaries and digital asset transfer firm Tether filed a notice of voluntary dismissal in the US District Court for the Northern District of California.
The reason for the 2 - 3% discrepancy between BitFUnix/Poloniex and Bitstamp is because the former at quoting in USDT, which is the Tether dollar. The market believes the Tether dollar is worth 2 - 3% less than the real US dollar.
You can rest assured that Tether dollars are a private fractional reserve system. The list of those who can redeem USDT for real US dollars is controlled by Tether, so they can prevent a run on the bank. If the market ever senses that the USDT is not backed by anything or is in danger of being regulated non-compliant for exchanges, then all those holding USDT would probably see the value of their USDT go "proof, and it's gone". I am suspecting that the way BitFUnix has remained afloat is by scheming with those who created Tether so they get a kickback for using USDT instead of actual dollars on their exchange. Ditto perhaps Poloniex. The collapse of USDT could cause another flash crash to Bitcoin.