Topic: It's over for the shills and bears - BTC market cap about to explode - page 4. (Read 6485 times)

Another day of herp de der, let's pretend like you can shake people out by dumping a huge amount of coins all at once even though it's completely impossible with the halving 50 days away.  The random Chinamen and other buffoons trying to manipulate just have 0 clue.  Everyone on earth knows if you actually wanted to sell, nobody dumps that many coins all in one go to cause slippage on purpose.  You just give your hand away right out of the gate that you're attempting to manipulate.

Unless the only point of that was to try and get $450 stoplosses, but that's still pointless.  Am I surrounded by idiots?  Every single one of these attempted shakeouts has been a colossal failure, yet they keep coming back to waste money trying it again for the 6th time.

I've mentioned that a few times... BTC will rally once ETH works out all the hype.

It is really interesting what are interconnections between ETH and BTC markets. Is it a coincidence that bitcoin has barely moved during ETH bubble ? Also during main ETH bubble stage there was only ETH\BTC market and bitcoin was stable against USD.  This means ethereum rally was solely powered by BTC holders and its huge mcap is just a derivative of BTC mcap. Would be  fun to see what happens  when DAO ends and BTC triangle resolves.

Lol, it's even higher now
https://daostats.github.io/tokenvol.html

Edit:
here's the wallet https://etherscan.io/address/0xbb9bc244d798123fde783fcc1c72d3bb8c189413

where you get that info about 12% of total ETH supply is with DAO team? if it is correct than definately 0.03BTC price will be enough for normal traders like us to short before this dump come from DAO team.

You finally produce some useful info. You go about it all wrong, but that's another thread. This completion of the DAO fundraiser is what I've been building my position for. Doom will ensue because they now hold 12%+ of the eth, and will have to begin selling to realize that funding.

You bear shills are fucked.  Do you not understand?  The BTC wedge converges upwards around May 28, while at the same time, $130 million invested in the DAO denominated in Ethereum will be sold to crash the Ethereum markets, with that money all being invested into BTC for the Bitcoin halving.  Even Goldman Sachs is like "wow this Ethereum thing is one horrible financial instrument".

Ethereum is 100% fucked.  BTC goes up.  Game over fucktards.

I agree completely that nothing as of yet, especially ether, is a contender. ETH is not intended to be a monetary system. While it does essentially do the same things and has a few features that are "better designed", it still is not a replacement for Bitcoin. I'm more of the thinking/concern that some more centralized bs may take it. People love to have someone to blame. In Bitcoin, there is no one to blame when they delete their keys or don't back up their wallet and have a hdd failure, or send a payment to the wrong address... That is a big hold back for a lot of people, I'm sure. Zero recourse is a fear of the masses and that could be one of the biggest hurdles Bitcoin has. You and I like that last feature, and merchants like it, but granny smith, who sticks dvd's in her 5.25" floppy drive, would have a problem with such permanent things. The point being, non-tech-inclined people will shy away from something they don't understand and has a pretty bad idiot proofing system in place.

Five failed shakeout attempts.  Nowhere to go but up.

The next big move in crypto markets is when these DAO people can sell.  I don't recall the exact date, but I think it was May 27 or 28.  BTC comes to the end of a wedge near that date, and $130 million that was tied up in the form of Eth to invest in the DAO is now considered a horrible investment by just about everyone.  They will likely dump the hell out of those, imploding the Eth market in the process, and put the mony into BTC for halving gains.

Why the DAO is either a horrible investment at best, and scam at worst:

http://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doa

More on that subject below:

I think, they doing this for a whole other reason. They partnered with Circle to offer a new online user-friendly experience to their banking service. They want to give banking a social media feel, where you add smileys and messages to your transfers.

I think a bigger investment into a currency or a technology that might boost their other services, will be the best strategy to follow. They also see the potential increase in the price, and a much bigger yield on their secondary investment.

Here's a picture I took of the shills and scammers attempting to attack Bitcoin on the actual order book a week ago.  They used around $3 million in the attack and only managed to temporarily drop it $5 while all other exchanges refused to follow them, then it goes right back up again.  Have fun wasting money trying to drop it then having to buy in higher at a loss!

Wait.. does this mean that banksters weren't evil after all, because they will soon be the new greater fools to buy bitcoin, and therefor will make lots of unskilled fortune seekers rich?

It's true that gold backed currency almost always turns into fiat, and after that it becomes unsustainable and they just take it off the gold standard altogether. Take for example the Nixon shock.

Would you think that silver is a different case than gold though? Since silver actually has a lot of industrial demand, as well as a history of being a good store of value. Silver and gold might not be easily transported or even used as a currency, but they do make good commodities, right?

You post the most idiotic chart I've ever seen claiming Bitcoin is not only not going to go up for the halving, but the price will instead go below $100 LOL.  Yea sure, pal, everyone believes you.  What a fucking idiot shill.

The Mike Hearn orchestrated attack on Bitcoin with R3 in January only got the price down to $375, then it instantly rebounded back to $450.  You can't even crash the market with an orchestrated attack during a bear market.  Now with the halving 53 days away, all your shill spam and attacks are pointless, nobody is falling for it.  The "Craig Nakamoto" orchestrated attack where he claimed he was going to move around 1 million coins to scare the market only got the price to drop temporarily by $10 HAHAHAHA.



I feel like this has been the plan all along.  The west seems to be abandoning gold and letting China and Russia just have it.  It seemed like a strange idea to me at first, until I realized the following facts:

- Gold isn't possible to us in a modern civilization due to lack of granularity and high friction in use.

- Due to gold's lack of granularity, high friction in use, and need to outsource security to a 3rd party, it always goes into vaults where it's turned into fractional reserve, fiat IOUs, so it's mostly pointless.

- All gold backed currencies have failed because they're the exact same thing as using fiat, they just devalue them with less metal over time like the Brits.  Zero difference from fiat.

- The only way gold is useful as a currency is if the metal is circulated as native coins and not IOUs, but this requires an implosion of civilization back to the dark ages where values are just kind of estimated and things like barter actually occur.

I don't hate gold, it's just the only way it's going to actually be useful is if we literally enter a Mad Max era of civilization.  I don't believe every civilization on earth is going to collapse like that (except some places that are already like that to begin with) so you could just use your Bitcoin to leave wherever you are and go somewhere that isn't beyond thunderdome.

Good point. If a world renowned bank gets into the bitcoin market, we should all follow suit

Do you have any idea regarding how much Barclay Bank has bought in terms of BTC? If they're buying a shit ton, then the market cap of Bitcoin will definitely explode in a few months time

Also, are they really dumping their gold to buy bitcoins? I mean, I believe gold is still a pretty good investment right now since it's pretty undervalued. I hope they're smart enough not to hold their fiat currency

There is no need to believe anyone, you only need to look at the mempool. I don't suppose Bitcoin will end as peer to peer cash to buy coffee, rather a convenient cross border value transfer vehicle. Other currencies will satisfy the pay for coffee demand much better.

If barclays does indeed abandon gold for bitcoin this s great news, but i don't know if bitcoin is ready for such large transactions. The market cap is pretty low, and i don't think 1 company will single-handedly increase the market cap by an order of magnitude. But it might be a step in the right direction.