And today's entry in the Wow?-did-he-really-just-say-that-out-loud? competition is Ambrose Evans-Pritchard of the U.K. Telegraph:
'The US Federal Reserve has taken an almighty gamble by brushing aside deflationary warnings from the bond market and raising interest rates into a blizzard of weak data.
It has taken an even bigger gamble by choosing to reverse quantitative easing when there is no need to do so, and to proceed in the face of very influential counter-advice from top economists.
Under this double-barrelled tightening, the Fed will start selling its $4.4 trillion bond portfolio before interest rates have returned to anything like normal levels, and before it has built up a safety buffer against a fresh shock.
This could prove one of the most fateful decisions of modern economic history. Whether or not the Fed has judged this correctly will shape the future of capitalism, and with it the prospects for Western liberal democracy.
The Fed aims to begin shrinking the balance sheet as soon as September, or by the end . . . '
http://www.telegraph.co.uk/business/2017/06/18/fed-plan-reverse-qe-fraught-danger/
' . . . choosing to reverse quantitative easing when there is no need to do so . . . '
This is The Future of Cryptos in a single phrase, campers, 'cause it tells us how much QE the system thinks is appropriate. Answer: endless amounts
Topic: Decentralised-Liquidity Exchange -- 'D-L-Ex' - page 4. (Read 63120 times)
P2P Lounge Room Are we moving to Telegram v shortly? My Tech Officer says, 'All signs are positive.'
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2561 (CMC)
Btc Unconfirmeds: 12K
Total altcoin cap: 62%
Details on the First of August Thang: https://1august.org/
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2561 (CMC)
Btc Unconfirmeds: 12K
Total altcoin cap: 62%
Details on the First of August Thang: https://1august.org/
The 'Woo hoo!!' Post
Bear in mind here that ' . . . significant fiat currency dilution . . . ' is debt (also called 'debasement').
'The reaction of the cryptomarket to the Federal Reserve announcement provides evidence that cryptocurrencies are seen as a safe-haven investment during times of significant fiat currency dilution.'
http://www.zerohedge.com/news/2017-06-17/central-banks-are-driving-many-cryptocurrencies
Here's me three years ago, when crypto cap was just $US 7 B:
'However, discussion in the crypto-sphere has been heavily concentrated on the lesser influences on prices -- the proliferation of altcoins and technology, the outcome of The FINCEN Meeting -- rather than at the likely primary mid-term driver of prices:
the deterioration of the global economy.'
https://www.reddit.com/r/CryptoMarkets/comments/242i41/crypto_prices_and_the_global_financial_crisis/
Bear in mind here that ' . . . significant fiat currency dilution . . . ' is debt (also called 'debasement').
'The reaction of the cryptomarket to the Federal Reserve announcement provides evidence that cryptocurrencies are seen as a safe-haven investment during times of significant fiat currency dilution.'
http://www.zerohedge.com/news/2017-06-17/central-banks-are-driving-many-cryptocurrencies
Here's me three years ago, when crypto cap was just $US 7 B:
'However, discussion in the crypto-sphere has been heavily concentrated on the lesser influences on prices -- the proliferation of altcoins and technology, the outcome of The FINCEN Meeting -- rather than at the likely primary mid-term driver of prices:
the deterioration of the global economy.'
https://www.reddit.com/r/CryptoMarkets/comments/242i41/crypto_prices_and_the_global_financial_crisis/
'Like Puerto Rico, Illinois has a massive pension crisis. Its unfunded pension liability for the state's five major plans grew 25 percent alone in one year, reaching $251 billion . . . '
http://www.cbsnews.com/news/could-illinois-be-the-first-state-to-file-for-bankruptcy/
That's a quarter of a trillion bucks, readers.
And it's the reason for this article: http://www.zerohedge.com/news/2017-06-17/central-banks-are-driving-many-cryptocurrencies
http://www.cbsnews.com/news/could-illinois-be-the-first-state-to-file-for-bankruptcy/
That's a quarter of a trillion bucks, readers.
And it's the reason for this article: http://www.zerohedge.com/news/2017-06-17/central-banks-are-driving-many-cryptocurrencies
P2P Lounge Room Are we moving to Telegram v shortly? My Tech Officer says, 'All signs are positive.'
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2496 (CMC)
Btc Unconfirmeds: 16K
Total altcoin cap: 63%
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2496 (CMC)
Btc Unconfirmeds: 16K
Total altcoin cap: 63%
P2P Lounge Room Are we moving to Telegram v shortly? My Tech Officer says, 'All signs are positive.'
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2496 (CMC)
Btc Unconfirmeds: 31K
Total altcoin cap: 61%
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2496 (CMC)
Btc Unconfirmeds: 31K
Total altcoin cap: 61%
Whether we've lost our minds or not, we've been talking about this one for years:
http://www.zerohedge.com/news/2017-06-15/peoples-bank-china-manipulating-bitcoin-price
http://www.zerohedge.com/news/2017-06-15/peoples-bank-china-manipulating-bitcoin-price
P2P Lounge Room Are we moving to Telegram v shortly? My Tech Officer says, 'All signs are positive.'
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2414 (CMC)
Btc Unconfirmeds: 30K
Total altcoin cap: 61%
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2414 (CMC)
Btc Unconfirmeds: 30K
Total altcoin cap: 61%
https://www.bloomberg.com/gadfly/articles/2017-06-14/this-cryptocurrency-boom-is-getting-a-little-absurd
Email sent:
'Good morning, Tim. Your article is embarrassing giggly-fluff. Here’s what a prescient analysis would have revealed:
fiat currencies are in terminal decline – it’s the reason China took to Bitcoin early on. Gold will serve well. But you can’t send it from here to there in seconds, as you can with cryptos.
And needing the nod from government? It’s an historical fact of declining empires that they make more and regulations, but are less and less able to enforce those. Blind Freddie can see that the U.S. and the Eurozone are failing.
If you want to write another article, I’ll help you.
P.s.: over 4,000 cryptos have been launched: http://www.cryptocoincharts.info/coins/info/1001 '
Email sent:
'Good morning, Tim. Your article is embarrassing giggly-fluff. Here’s what a prescient analysis would have revealed:
fiat currencies are in terminal decline – it’s the reason China took to Bitcoin early on. Gold will serve well. But you can’t send it from here to there in seconds, as you can with cryptos.
And needing the nod from government? It’s an historical fact of declining empires that they make more and regulations, but are less and less able to enforce those. Blind Freddie can see that the U.S. and the Eurozone are failing.
If you want to write another article, I’ll help you.
P.s.: over 4,000 cryptos have been launched: http://www.cryptocoincharts.info/coins/info/1001 '
Oh look, someone besides shinohai that paints Ethereum with it's true colors.
*waves* hi shinohai!
and yeah, agreed on eth. interesting times, these!
Oh look, someone besides shinohai that paints Ethereum with it's true colors.
Hope you are doing well IMZ!
https://bitcointalksearch.org/topic/ann-qrl-announcing-the-quantum-resistant-ledger-1730273
Any thoughts here, campers? It's at 43 on CMC at this second.
Any thoughts here, campers? It's at 43 on CMC at this second.
P2P Lounge Room Are we moving to Telegram v shortly? My Tech Officer says, 'All signs are positive.'
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2519 (CMC)
Btc Unconfirmeds: 58K
Total altcoin cap: 61%
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2519 (CMC)
Btc Unconfirmeds: 58K
Total altcoin cap: 61%
'This cycle’s main bubble is in government bonds and fiat currencies . . . '
http://www.marketoracle.co.uk/Article59360.html
Hmmm . . . 'fiat currency bubble.' First time I've heard that (and John Rubino is great).
http://www.marketoracle.co.uk/Article59360.html
Hmmm . . . 'fiat currency bubble.' First time I've heard that (and John Rubino is great).
Big-Picture Thoughts
Yup, okay: things are a mite frenzied.
But . . . the macroeconomic background will ultimately just keep shovelin’ capital into cryptos.
The Bitcoin-Aug-1st thing -- the next shouting-match over Bitcoin’s scaling concerns -- is getting quite a few mentions.
And there is AlSO scuttlebutt about the number/flimsiness of ETH’s ICOs.
And total crypto cap hit 61% today. That’s dance-in-the-streets crazy, folks. Historic.
Shoot, I remember when TOTAL crypto cap was TWO percent. That is, cryptos other than BTC (or ETH) are now unarguably candidates for high volume/price.
Let’s focus on the fact that crypto prices are so much measured against Bitcoin.
(That will change – I advocate bullion-GRS pricing/trades.)
The notion of a ‘backstop’ coin keeps coming to me. When things go boom! all those smarties who are presently shouting up the price of . . . everything . . . will need a crypto to scuttle to, but Bitcoin will be less than ever the choice-for-scuttle.
(Note that some will scuttle to fiat, but the scuttling to fiat will become a less attractive option over time.)
GRS is a splendid candidate for ‘backstop function.’
Yup, okay: things are a mite frenzied.
But . . . the macroeconomic background will ultimately just keep shovelin’ capital into cryptos.
The Bitcoin-Aug-1st thing -- the next shouting-match over Bitcoin’s scaling concerns -- is getting quite a few mentions.
And there is AlSO scuttlebutt about the number/flimsiness of ETH’s ICOs.
And total crypto cap hit 61% today. That’s dance-in-the-streets crazy, folks. Historic.
Shoot, I remember when TOTAL crypto cap was TWO percent. That is, cryptos other than BTC (or ETH) are now unarguably candidates for high volume/price.
Let’s focus on the fact that crypto prices are so much measured against Bitcoin.
(That will change – I advocate bullion-GRS pricing/trades.)
The notion of a ‘backstop’ coin keeps coming to me. When things go boom! all those smarties who are presently shouting up the price of . . . everything . . . will need a crypto to scuttle to, but Bitcoin will be less than ever the choice-for-scuttle.
(Note that some will scuttle to fiat, but the scuttling to fiat will become a less attractive option over time.)
GRS is a splendid candidate for ‘backstop function.’
P2P Lounge Room Are we moving to Telegram v shortly? My Tech Officer says, 'All signs are positive.'
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2716 (CMC)
Btc Unconfirmeds: 52K
Total altcoin cap: 61%
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2716 (CMC)
Btc Unconfirmeds: 52K
Total altcoin cap: 61%
'Two of Spain’s weakest lenders are the focus of investor panic this weekend, raising fears of another Spanish banking crisis.
Liberbank, a regional bank formed from a merger of three failed savings banks in 2011, has seen the value of its riskiest bonds collapse by 60 per cent in the past two trading days, while its stockmarket value has halved. It is seen as one of the riskiest lenders in Spain because it is saddled with mountains of bad property assets.'
http://www.theaustralian.com.au/business/crisis-fears-take-hold-as-spains-weaker-banks-come-under-siege/news-story/c2e7acdcd5e88ddf210f163e30b29f75
'Spain’s stock market regulator has imposed a ban on short selling in Liberbank . . . '
https://www.ft.com/content/5528c234-1df8-31bc-ae5b-814fffb09373
Wa ha ha!! This is the financial equivalent of being held at gunpoint in the pouring rain to sing hymns of praise to Glorious Leader.
Liberbank, a regional bank formed from a merger of three failed savings banks in 2011, has seen the value of its riskiest bonds collapse by 60 per cent in the past two trading days, while its stockmarket value has halved. It is seen as one of the riskiest lenders in Spain because it is saddled with mountains of bad property assets.'
http://www.theaustralian.com.au/business/crisis-fears-take-hold-as-spains-weaker-banks-come-under-siege/news-story/c2e7acdcd5e88ddf210f163e30b29f75
'Spain’s stock market regulator has imposed a ban on short selling in Liberbank . . . '
https://www.ft.com/content/5528c234-1df8-31bc-ae5b-814fffb09373
Wa ha ha!! This is the financial equivalent of being held at gunpoint in the pouring rain to sing hymns of praise to Glorious Leader.
P2P Lounge Room Are we moving to Telegram v shortly? My Tech Officer says, 'All signs are positive.'
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2639 (CMC)
Btc Unconfirmeds: 49K
Total altcoin cap: 59%
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2639 (CMC)
Btc Unconfirmeds: 49K
Total altcoin cap: 59%
P2P Lounge Room
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2974 (CMC)
Btc Unconfirmeds: 23K
Total altcoin cap: 54%
Noo noo noo $ATH cap (CMC) $US 112B
And -- first time ever -- here is noooz from a source beyond Planet Krypto:
'
South Korea and Japan’s extreme premium rates did not dematerialize overnight. It began with the stabilization of the Chinese market and the resumption of withdrawals led by the big three Bitcoin exchanges in China - Huobi, OKCoin and BTCC.
As the global market stabilized and the Chinese Bitcoin exchange market recovered, premiums started to decrease. Chinese exchanges, which used to process Bitcoin trades around 25 percent lower than the global average price, began to process trades at a value higher than the global average Bitcoin price.
During that time, liquidity in the Japanese and South Korean markets also increased drastically. Some of the largest companies in Japan, including the multi-billion dollar internet conglomerate GMO, opened a Bitcoin exchange to address the rapidly increasing demand for Bitcoin and South Korean exchanges also began to focus on providing higher liquidity toward traders.
Ultimately, the recovery of the Chinese market acted as a catalyst for global Bitcoin exchange market stabilization and standardization.'
http://www.zerohedge.com/news/2017-06-11/bitcoin-surges-above-3000-asian-premium-collapses
https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.
https://bitcoinfees.info/
And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.
Bitcoin price: $2974 (CMC)
Btc Unconfirmeds: 23K
Total altcoin cap: 54%
Noo noo noo $ATH cap (CMC) $US 112B
And -- first time ever -- here is noooz from a source beyond Planet Krypto:
'
South Korea and Japan’s extreme premium rates did not dematerialize overnight. It began with the stabilization of the Chinese market and the resumption of withdrawals led by the big three Bitcoin exchanges in China - Huobi, OKCoin and BTCC.
As the global market stabilized and the Chinese Bitcoin exchange market recovered, premiums started to decrease. Chinese exchanges, which used to process Bitcoin trades around 25 percent lower than the global average price, began to process trades at a value higher than the global average Bitcoin price.
During that time, liquidity in the Japanese and South Korean markets also increased drastically. Some of the largest companies in Japan, including the multi-billion dollar internet conglomerate GMO, opened a Bitcoin exchange to address the rapidly increasing demand for Bitcoin and South Korean exchanges also began to focus on providing higher liquidity toward traders.
Ultimately, the recovery of the Chinese market acted as a catalyst for global Bitcoin exchange market stabilization and standardization.'
http://www.zerohedge.com/news/2017-06-11/bitcoin-surges-above-3000-asian-premium-collapses
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