It sounds like the rumored SEC meeting on May 7th is a non-event. Warren Buffet & Bill Gates continue to hate on Bitcoin. Quick technical analysis update and some strong names to watch here.
LEARN HOW TO READ THE CRYPTO CHARTS!
Check out my 4-Hour Technical Analysis video course.
More info at: https://nodeinvestor.com/training/
Follow me on Twitter @nodeinvestor
Bitcoin Price Analysis, Technical Analysis, BTC, EOS, ICX, VEN
This whole rally was manufactured. What's happening now in the market stinks to high heaven.
Step 1) You notice your profits dropping drastically due to bear market because you are a crypto exchange
Step 2) You manufacture a rally in the market by randomly injecting giant buy orders within minutes into the market over the course of a month to spark the rally (very cheap and easy to do with Tethers you can create for free)
Step 3) You pick a price that will satisfy your profits for a little while - let's say $10k BTC
Step 4) You wait until the price gets there and then you begin to dump everything you just bought with the free Tethers
Step 5) Doesn't matter how low the market goes...you can always rinse and repeat whenever you feel it is time for another rally
Like if you agree that we are totally and completely being manipulated through and through with these damn Tethers. Tether is a scam. THAT'S the scam that needs to be fucking taken out here by the SEC, not some ICOs that no one gives a shit about. Fucking fake money is used to buy coins and then causes these damn selloffs. I wanna see jail time for these Tether fuckers. Life sentences. Worse than BItconnect by 1000%
its got nothing to do with warren buffet gates no one , its the fact that bitcoin is traded on wall street futures and like anything else they can make it go up or down to zero now if they want , its totally controlled by wall street , charts mean nothing anymore , its a manipulated market , buy and hold bitcoin cash and nothing else thats connected to bitcoin , when you control the head the rest of the body is also controlled
I respect both Buffet and Gates, however, they should not voice so harsh and negative on something they do not understand. Unless crypto is eating their lunch and needs to protect their interest. Just Bill comment on shorting bitcoin says a lot when it comes to knowing the crypto market.
“CryptopherWalken • May 7, 2018, 9:07 AM
It isn't fake news. What the Wall Street Journal reported was that a working group was meeting on May 7th to discuss the issue. An internal working group meeting is purely internal. This isn't something that would appear on the public calendar for either agency nor is it something that should be expected to result in any sort of final decision or public announcement. Someone who doesn't know how these things work read too far into what was said in the WSJ article and started this whole thing.
Source: I'm a regulatory attorney.”
I wonder though if it's just bitcoin hate. I also don't like bitcoin and I wish other cryptocurrencies weren't so heavily dependent on the price of bitcoin (i.e. bitcoin crash = all crash). Why use bitcoin when something like ETH or (1000 other) alternatives do the exact same thing as bitcoin AND more? Their argument against BTC is that it doesn't do anything.. well ETH does, and so do so many others. fyi not an ETH shill
D Mitch I beg to differ. The US holds the highest number of crypto user, ATM's and at one time volume globally. It was outranked by volume (not by much) by Japan. So it would be a crushing blow to crypto without the US market.
Bitcoin Ben has reported from one of his banker insider sources that there is a plan to buy on the dips and remove the coins from the markets. The over the counter and private dealers are running short and so the price will be forced up. Without supply for the larger private deals, the whales are up the creek are far as getting into the market without blowing up the price. So expect even more ridiculous FUD in the media. The whales are ever more desperate to get in and the opportunities of doing so at the 'bottoms' are dwindling. Those damn HODLers are messing with the system. :-)
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.