https://www.bloomberg.com/news/articles/2019-05-03/ex-nfl-owner-is-said-to-have-ties-to-850-million-crypto-mystery

This is so fucking bizarre

How much do they have left? I'm a bit surprised it hadn't implode already...

What could explain this huge, increasing, spread between Bitfinex and other popular exchanges?



This looks like a fantastic arbitrage opportunity, so why no one is taking advantage of it? 

Yeah well, I guess people is selling Tether and buying Bitcoin (and also LTC it seems) to get the hell out of that exchange ASAP... 

April 16, you heard it here first

Maybe "financial crisis" is a strong term, but all indicators are pointing towards at least some sort of recession...

It would be a first time for the cryptocurrency market so I'm wondering what things will we see; maybe some resemblance to the bond market? I seriously have no idea.

The chart of the week

Because we still are months away from that point

I don't think this is "Wall Street", but just the usual volatility of BTC. I think you might be too attached to some numbers that are actually meaningless

Remember that most holders still have no idea what Bitcoin really means, most techies still don't understand how it works or why it works (seriously, check for instance comments on HN, it's hilarious), and the reality is still that most people don't even know Bitcoin at all.

I feel like last year we just reached the Eternal September of crypto.

wtf it actually worked?!

Mahir! I summon you, please help us

Shit, I now feel really bad about summoning KARHU. Last time it took a long time to recover...

Is there any other cyberspace demigod I can call so we can all take a breath from this bloodbath?

Fear of catching a falling knife: too many false floors already, so almost nobody wants to take the risk.

Stockholm syndrome with banks huh?

Why would Bitcoin be different to any other thing you can pay with your credit card? Don't be so naive, they are not trying to protect consumers here, just their own filthy interest.

This fuckers right here: https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards

The Bitfinex wall is astonishing:

Yup, I think now is for real

We need a new poll btw

I was just making a joke about this concept of "bottom": both local maximums and minimums have no relevance in a random walk

Well... there is CryptoKitties

Yeah, I don't think they will ever switch to some PoS, but I may be wrong... There are though some "new" (2016) academic developments with respect to PoS: it's not trivial but it is feasible. This doesn't mean that PoS will replace PoW because they have a different set of strong/weak points, so I think they will just coexist. (I'm also curious about this new proof of space and time, which I believe could be a real alternative to PoW)

And before that it was 12k, and before that 14k... and now it's 8k?

It's almost like selling at the "bottom" could be actually a good strategy

I have avoided Ethereum like the plage since day one mostly because of technological reasons, and when the DAO fiasco happened I felt like I proved my bias against it. Having said that, from a market perspective I have to admit that Ethereum had an amazing performance during the last four months, and it's doing remarkably well during this bloody January.

Right now Bitcoin have a market cap of $172B, and for Ethereum it's $110B. If this trend continues we may get overpassed this quarter, and since it seems like no new money is coming to the crypto market in general I wonder if people are, for whatever reason, swapping Bitcoin for Ethereum.

Are bad programmed smart contracts running over an insecure platform that hot for this market?