Oh, dunno. Perhaps because it's not something you yourself are banking on, while $260 is?
I'm betting we move up from here. This was nothing but brief profit taking. The rally is still intact, and so are the underlying fundamentals. Which the OP doesn't seem to be interested in...
The rally seemed to be a pump rather than a rally, bootstrapped on Grexit and partially fueled by the LTC pump cashing out.
Nothing whatsoever to do with fundamentals.
That said, I'm still having a hard time seeing connections between Bitcoin having/not having great fundamentals, the rally being intact, and the topic of this thread. Other than, perhaps, this thread being an exemplar of BTC fundamentals, i.e. "huh?"
You are very shortsighted.
No u?
vtr99 uses ad hominem remark.
See my comments on the term "pump" earlier in this thread...
Sort of tactless to make me search, but whatevs...
-snip-
Just like "The Cloud" is nothing but a larger data center,
No, cloud computing is not "nothing but a larger data center." No more than a national power grid is "nothing but a larger [dynamo]."
Start learning
here.
a "pump" is a larger move to the upside.
No, a pump is not "a larger move to the upside."
Start learning
hereSee how easy an pleasant learning can be? If you just take the time to grasp an idea before making a snippy remark, you'll be much happier
Most of the time when I hear someone talking about a pump, I figure they have no idea what they are talking about
-snip-
Didn't mean to make you feel foolish, but better you hear this from a friend (me!) and learn, rather than going through life wondering why it is that strangers stop in the street to point fingers at you and laugh.
And remember, knowing is half the battle!
Guess you didn't read your own sources, or couldn't understand what they were saying?
I was a broker before (the Internet). After that I spent many years as a network analyst in one of the larger data centers in the Midwest. Now working as a software engineer. Be happy to compare credentials, and certifications with you.
The Cloud is a term used by people who don't understand information technology, or they are trying to sell it. It was invented as a sales gimmick to lure smaller business to outsource IT jobs and supposedly save money. In the end it can cause bigger problems. Less control over your data, bandwidth overages, security issues, and long outages when you need fast support. All online data resides in data centers, or at least 99% of it... Just like the term pump is frequently used by those who don't understand the actual dynamics of rising stocks, or are trying to sell it to those who don't. You could claim the recent rise in Litcoin was a pump, but the evidence is still sketchy. 99% of the time when I hear this term, it's used by someone who doesn't have a clue. Before you can declare something a pump and dump, you first need to identify that is had illegitimate reasons for a price increase. Otherwise you look like a fool.
The Cloud =
http://aws.amazon.com/http://aws.amazon.com/what-is-cloud-computing/cloud com·put·ing
noun
noun: cloud computing; plural noun: cloud computings
the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer.
Even this definition is wrong! Nothing is hosted on the Internet, it is hosted on a server that generally resides in a data center! But hey, if you don't want to understand the Cloud is for you.
It just means that you are no longer hosting your own sites and data.
See how fun learning is...
