What do you make of the amount of this physical BTC being sent over to Bitmex (12k last week and 7k yesterday)?

I don’t read into that, just from experience because it can be manipulated and simply fake news. The one thing that is interesting is when there is a big BDD event where a lot of old coins are moved during extreme volatility events.

www.coindesk.com/bets-against-bitcoins-price-near-record-highs/

Doesn't everyone think the market is being manipulated? Is there reason to not think a short squeeze is inevitable? I almost expect it.

How do you think it’s being manipulated right now ?

Serious question: if the guy whose collected 20k btc the last week was actually just shorting into his own bids, so it was one guy holding both positions, would you consider that market manipulation or him being a whale.

If manipulation can you please point me to where that would constitute fraud in an actual law ?

I have only shallow knowledge on crypto. I was under the impression that the markets are easily manipulated, hence easy short squeezes. I've no deep insight on the matter.

It just wouldn't surprise me like a short squeeze on TSLA doesn't surprise me.

Hey folks, I'm a crypto noob without any positions yet.

Am I too euphoric in thinking that the release of the first security token powered by Polymath is a milestone of the crypto market?

As far as I'm concerned, I'm much less reluctant to gamble on a security token with some of my spare cash than on a utility one (that doesn't give any equity) if I'm not interested in consuming the utility that it provides.

“Our process for adding new assets to Coinbase & GDAX (March 2018 update)” @coinbase
https://blog.coinbase.com/our-proces...e-c204d76de55d

3 airdrop for DBC holder so far OGT and EPR, seems worthless so far, 3rd one is some AI Exchange and might be better : deep token.


On the other hand nano starting to pay off a bit for people who bought in the last 2 months.

Damn those alt seasons are short

Looks like the market has deleveraged a bit over the last week as evidenced by the short squeeze and lower volatility over last few days. I have no conviction over what's going to unfold near/medium term, but there is quite a large


horizontal resistance level at 7150

Some of the advanced TA friends i have tell me that the bear trendline is currently at 7500. I dont have a trade to offer other than I bought some btc on spot at 6360ish. First buys in 3 months or so and now I'm ready to collect the entire way down. If necessary i'll be allin by 4k. The horizon for that trade is the same as I had in 2013-- years.

One small thing that you guys should be cognizant of is that let's say btc goes down to 6000 or so, it will be very very very likely that ****coins will make another new low on every pair. So please understand that if you're trading ****coins right now you're naturally leveraged over whatever move btc makes because of how strongly correlated some trading pairs are.

Waiting for 7500 also to short but being careful of a throwover. Expecting it to take a little while getting there and not backing up the truck or anything.

I think if you’re market bearish the worst looking charts are still ethusd and ethbtc and the ico coins that are most tightly correlated to eth (omg, neo). This also aligns with macro (icos going broke/selling/slush funding) and fundamentally (sharting and proof of shat still 2+ years away and nobel peace prize level breakthroughs needed). Ethbtc is sitting on another yuge support level right now @ 0.04 and if this breaks, that would be another crypto market that has capitulated... eg -80% from top; note how ethusd has already accomplished this but ethbtc hasn’t.

I know you guys hate TA but a lot of it is relevant when it comes to support and resistance levels (see my calls on ethbtc a few pages back)

When stuff like IOTA, XRP, Stellar, Tron, Dash, Cardano still have a billoin+ market cap, there is still a long way to go before valuations are close to rational. Most of it just needs to go to zero, nada.

I am in doubt though if this will have any negative influence on Bitcoin. Look at the top10 coins in 2013, and they are all dead, while Bitcoin has thrived. So as an investment thesis I still think just accumulating Bitcoin with a % of your income is the way to go, and could outperform waiting for these useless coins to go to 0.

Comparing top 10 alts now to namecoin/peercoin/feathercoin is nonsense.

yeah Tron is maybe the only coin that has no place in top 10 unless they bruteforce into something real with the mountain of cash they must have.

Even if i wouldnt touch IOTA or XRP with a 10 foot pole it s hard to say that they dont belong in the top 10.

https://www.ccn.com/bitcoin-accepted...yment-network/

Is super bullish news imo, much more than any ETF.

I don't care if they are in the top 10 or not. They will never accrue meaningful value, let alone a billion+.

How much is "meaningful value" to you?

Seems they've already done that. Having actual future use/utility comparable to their valuation is another story.

How does square get a patent for a closed loop payment network that has existed as long as gift cards have been around? When the money is in the system, of course they can move it around (mostly) free and easy.

I mean longterm. Their valuations right now are purely based on speculation. This speculation is based on an expectation that in the future these tokens will capture a lot of value. I think these tokens will capture close to 0 value on a longer timeframe. Speculators will get rekt.

Lots of people say the exact same thing for bitcoin

why would patenting crypto payments (ie. making it illegal/expensive for competitors to process them) be a good thing?

Haven't looked into this yet, but that was my first thought. Why is a patent a good thing?