Bitcoin Thread

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crawler said:
Not sure if it has been posted
f1e2dd92f37363e05b4edcc284d9acdd.jpg
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i dont buy into this -- different players in 2018 meaning different game altogether.
 
crawler said:
Not sure if it has been posted
f1e2dd92f37363e05b4edcc284d9acdd.jpg
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Let's do this again next year :crylaugh: These graphs have become quite popular now, I wonder if it would become a self fulfilling prophecy next year where everyone expects this crash so they sell everything, causing a crash...
 
L10Yn said:
Let's do this again next year :crylaugh: These graphs have become quite popular now, I wonder if it would become a self fulfilling prophecy next year where everyone expects this crash so they sell everything, causing a crash...
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John McAfee has been pushing that ideology hard on social media and many people think that he is some crypto seer.
 
*SynergyX* said:
i think the low may be in already at 6000 in the short term...

i dont see a smooth ride all the way back up...

the short term downtrend was broken above and is now acting as support....
so a fall back into the channel just shows that this was a fake out....
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here to crossing toes, fingers, eyes, elbows, poepol and all that this call is a good one!!!


/Hammer time -- Daily (Volume Says so most since mid december)
 
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So, sec so far what I get is, cryptos aren't going anywhere, and significant cash is in it, so can't ignore it
 
^^not sure how many times it's been posted :crylaugh:
I reckon it's a generally bearish market for a few months to come. Recovery to ATH will likely take a year or more.
 
TheWall said:
I did, and sold again @ 87200 for a quick profit.
Was hoping for it to drop again...

Will give it some time. Does not look like it is going anywhere quickly...?
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Playing it right unlike me :cry: I did however buy some last year in July and cashed in early December... so still in the clear.
 
TheWall said:
So volume enough to buy now?
Or do you expect it to go down again?
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If you're playing a long game I'd wait until there's a good sign of a reversal. You might not get it as low as it is now, but you'll get in at a safer entry point. It's only been a few hours of green on the charts...a bit too soon to be making any sure calls.
 
Fulcrum29 said:
https://www.banking.senate.gov/public/index.cfm/hearings?ID=D8EC44B1-F141-4778-A042-584E0F3B9D39

Apparently, many positives according to some chatter I’m listening to.
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Yeah, no negative fud etc... just basically not going anywhere(cross border etc, no stopping it), going to be 20trillion in a few years at this rate, like cellphones was a tiny industy that no one thought was worth investing in, this will explode in a few years, lots of potential in the tech and legit icos, but they need the resources to get ahead of it to protect people from the scammers... infact, you could sum up the whole thing as 'icos are the problem*coughbitconnectcough*' and need to get their ducks in order before the explosion happens and things really take off

So, nothing new, but nothing negative

*my wording, not what was actually said, my summary, paraphrasing, bias etc
 
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Temujin said:
Yeah, no negative fud etc... just basically not going anywhere(cross border etc, no stopping it), going to be 20trillion in a few years at this rate, like cellphones was a tiny industy that no one thought was worth investing in, this will explode in a few years, lots of potential in the tech and legit icos, but they need the resources to get ahead of it to protect people from the scammers... infact, you could sum up the whole thing as 'icos are the problem*coughbitconnectcough*' and need to get their ducks in order before the explosion happens and things really take off

So, nothing new, but nothing negative

*my wording, not what was actually said, my summary, paraphrasing etc
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So it's going to be regulated.
 
biometrics said:
So it's going to be regulated.
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Yes, when, who knows...

https://news.bitcoin.com/senate-releases-testimonies-ahead-of-crypto-hearing/

Senate Releases Testimonies Ahead of Crypto Hearing

A day before a landmark hearing, a day with screaming headlines about the US stock market’s historic dump, not to mention bitcoin’s 65 percent fire sale, the United States Senate released formal testimony of Chairs from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Heads of both entities will testify Tuesday 6 February before the Committee on Banking, Housing, and Urban Affairs to discuss the future of regulating cryptocurrencies. After today, they’re going to have plenty to discuss.

Senate Testimony of SEC Chair Clayton

Bitcoiners are looking for any signs of positive news at this point. Set for a 10am Winter hearing Tuesday in the United States Senate Dirksen office building, two of the most powerful regulators in the cryptocurrency space will formally enter their testimony. Titled, Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission, both Jay Clayton of the SEC and the CFTC’s J. Christopher Giancarlo will face lawmakers who are openly worried about the brave new future of cryptocurrencies such as bitcoin.

This particular committee is chaired by Mike Crapo and ranking member Sherrod Brown, and is made up of 23 members total (12 Republican, 11 Democrat). In the US, each state, of which there are 50, receive 2 Senate seats, making the upper, more deliberative body a pound-for-pound most powerful institution in a nation of more than 325 million people...

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Careful to not come off Panglossian, Mr. Clayton takes into account the very real concerns of lawmakers going forward. However, “These warnings are not an effort to undermine the fostering of innovation through our capital markets – America was built on the ingenuity, vision and spirit of entrepreneurs who tackled old and new problems in new, innovative ways,” he stressed.

The 71 page document has much more to say, and a great deal of it will be brought out through questioning by lawmakers, but, at least for now, bitcoiners can rest easier knowing no imminent Chinese crackdown is coming to the United States. These pages, of course, will have continued coverage of the hearing as it unfolds.
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Clayton seems to be pro blockchain, but it is best to read the article and Reuters update:

https://www.reuters.com/article/glo...rencies-as-bitcoin-price-swings-idUSL2N1PW0X8

Also,

https://www.crypto-economy.net/sout...hain-technology-can-change-the-world/?lang=en

South Korean finance minister: Blockchain technology can change the world

South Korea’s finance minister Kim Dong-yeon has shown himself as a supporter of cryptocurrencies in various occasions. His most recent statement regarding blockchain technology assures that its development can “change the world”.

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“Blockchain technology has the potential to become one of the core infrastructures of the fourth industrial revolution”, Yeon said, referring to the role it will play in the building of what is called the digital revolution. “The development of blockchain technology can really change the world.”

He also remarked that South Korea has no intentions of banning cryptocurrencies, underlining again their importance and the need of the government to develop it. “(…) the ministry will take a cautious approach in regulating the cryptocurrency market. For negative use cases of cryptocurrencies, the ministry will impose strict regulations,” he said.

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Yeon’s positive words on blockchain technology come after a period of harsh limitations in the crypto-space of South Korea, where regulations on anonymous crypto-trading were issued in order to comply with the know-your-customer obligation and as part of efforts in preventing money laundering. Earlier on January, the Financial Supervisory Service and Korea’s Financial Intelligence Unit joined forces in order to inspect six of the largest local banks, in a movement to detect and put an end to criminal activities.
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I guess people may be more optimistic to hold their holdings now.

In the very least, some BS terms like 'to the moon' and 'HODL' must be abolished, it is very child-like.
 
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