sell off after cyber monday is to be expected.
Id say the only reason we care is because of the 1 million coins.
*an den
An die
Feet is plural
rediculous..
thte antisemetic puke in these forums makes me want to sell all my Bitcoins right now.
you guys and your flagrant racism disgust me.
this upwards movement is in anticipation of 4 hours from now when the chinese banking week reopens and sees what happenned this week.
new price move is from the Western world, asian markets will see this as a good sign that the rest of the world will chase their pump, things are going to keep moving up for a day or so at least.
JJG, you're such a cuddly and credulous creature. Giving these guys the benefit of the doubt after they forced themselves on you like a dogecoin kingpin from Bristol...
I was thinking... perhaps... this is actually good for Bitcoin!
1) The fallout from a bankrupt Bitfinex will probably do less damage than if those $40 million of leveraged longs were caught up in a cascading margin call.
2) 120k BTC off the market, very dangerous to deposit it into a fiat interfacing exchange, at least any time soon and in any significant quantity.
3) The main option to short BTC for westerners is now gone. Back to the good 'ol days of clean buying and selling.
4) The event creates a chilling effect on sending BTC anywhere... lessening the need for any kind of maxblocksize increase! Status quo baby!
So, chin up guise!
my thoughts exactly... there was never going to be a another moon run with so many long positions in BTC, now that they are whiped its back to business as usual.
Price is unlikely to rise very much without a scaling solution in place.
Don't kid yourselves, the so-called "Lightning Network" is just vaporware at this point. It MIGHT be ready in 3 years.
3 more years of stagnation and BSCore trying to convince us why 2 mb blocks would result in a total collapse of bitcoin, and backroom deals with the chinese miners to keep the status quo.
Fuckin' morons!
bah John-Connor figured it out already, skynet is obsolete!!
Wow. on Kraken some people are really putting up a fight against the rise!
Let's hope that they are people shorting. I'm of the opinion that we need those to continue our journey to the new all-time high.
agreed we will need some kind of blackswan event to clear all the longs if we ever want to get to ATH numbers.