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post #22011 of 22495
Quote:
Originally Posted by Dagamus NM View Post

Seems like the normal Thursday drop. Back to $3,600. Slow crawl forward.

Still a lot of uncertainty regarding China. Supposedly one of the exchanges was supposed to close down on the 20th but some sites are now saying by the end of October. As the Chinese government has not said anything it is likely that it is just manipulation.

I will wait to see if any actually close. Supposedly they are opening websites for the existing exchanges to deal with foreign customers only. Seems very fishy.
That's where i get confused. I thought it was Friday drops so then that early trend would keep dropping further.

I recall reading that one Chinese exchange would close this month and 2 other major ones had until the end of October since they didn't do much or anything with recent ICOs.
The one piece i never got 100% on is if it's just Chinese fiat to crypto and back or any trading at all which includes people in the US not being able to exchange on there anymore.
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post #22012 of 22495
Quote:
Originally Posted by mrtbahgs View Post

That's where i get confused. I thought it was Friday drops so then that early trend would keep dropping further.

I recall reading that one Chinese exchange would close this month and 2 other major ones had until the end of October since they didn't do much or anything with recent ICOs.
The one piece i never got 100% on is if it's just Chinese fiat to crypto and back or any trading at all which includes people in the US not being able to exchange on there anymore.

Exchanges all over the world are getting squeezed by governments. they are trying to figure out how to regulate and monetize for their piece of the pie. They of course are using all type of excuses rather than admitting the simple fact their main goal is monetizing. We all know our Gov is altruistic at heart. LOL

My real concern is china though they are talking bout blocking the miners from BTC mining (Actually alot of Chinese miners support BHC) the problem with that is we the world would never know if they seize all that hash and use it to 51% BTC until was too late.
Edited by Hueristic - 9/22/17 at 3:12pm
post #22013 of 22495
Quote:
Originally Posted by mrtbahgs View Post

That's where i get confused. I thought it was Friday drops so then that early trend would keep dropping further.

I recall reading that one Chinese exchange would close this month and 2 other major ones had until the end of October since they didn't do much or anything with recent ICOs.
The one piece i never got 100% on is if it's just Chinese fiat to crypto and back or any trading at all which includes people in the US not being able to exchange on there anymore.

The trend I have seen is usually a drop Thursday (or the day before) but the time seems to vary. Get it nosediving so people sell what they made that week before it goes lower and those that sold the day before buy back cheaper. Once all of the mined supply runs out it starts to climb. What did we get down to this morning? $3500? Back at $3,608.50 as I type on Kraken.

Still need support and with the China FUD, general burnout, fall vacations whatever it isn't really there. By the time the Chinese exchanges get settled one way or the other it will be cold out and people will likely stick money into holes out of boredom.

I am just curious to see how the Chinese and Korean harvest holiday effect the first 10 days of October. Likely a lack of support will make for a good time to buy.
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post #22014 of 22495
Quote:
Originally Posted by caenlen View Post

our two oceans are the greatest asset we have, not to mention no threat from Canada... we really are geographically in a great spot... yet we squander or entire wealth in a stupid area of the world that literally has no natural resources, ( we never go a dime of that iraqi oil for free btw) lol

Doesn't matter if you directly got any of that oil. Oil fuels the vehicles that transport goods around in your economy. All you need is to make sure that friendly powers (governments/dictators/royal families/whatever) keeps it flowing cheaply and consistently in your direction and your economy will prosper. If the friendly powers don't get on-board with that idea you have to go and "re-educate" them.
post #22015 of 22495
Quote:
Originally Posted by Hueristic View Post


We cannot outlaw something because it might or even is used for despicable acts, if we did there would be nothing but a barter system and even that would be used for those same despicable acts. The gun is not evil the shooter may or may not be.

While I agree with you on this, lets have a thought experiment.

Lets say fiat currency is gone, banks dont even exist, we dont need exchanges, everyone is rocking Monero, Bitcoin is dead, everyone has Monero and its been upgraded to quantum security, you go to work 40 hours a week, you get paid in Monero, etc etc, all 7 billion people.

Now, lets think, how many dumb criminals are there that hard cold cash has been able to be frozen, tracked to bring them down, etc etc... you get my point. that will be non-existent in this thought experiment, therefore, encouraging crime to grow to levels never seen before, because much less risk involved. human trafficking of kidnapped girls would increase (FBI has caught a lot of them cause of Bitcoins tracibility and cold hard cash trails)

one could summise that crime could theoritically grow to never seen before levels, because people that would never take the risk before now will.


THAT being said, I do agree with you, and in all honesty, the 2008 crisis has reminded me how much the banking system is purely corrupt and ruined tons of peoples lives, many even to suicide... so I am just not sure what i believe anymore. maybe ill say screw it and just go gold only. LOL jk i dunno
    
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post #22016 of 22495
Quote:
Originally Posted by caenlen View Post

i will never understand this world, like how we know Iran is giving terrorism groups money yet we do not go to war with Iran... lol... I voted for Obama twice because he helped me in my education student loans and healthcare, but honestly i will never understand why he gave them a crate of billions of cold hard cash ( i get there is like sanctions and policies and it was their own frozen money from bank accounts, and since they were complying with sanctions they got some of the frozen money back) but i just man when that money just goes right to a terrorist group, i mean it doesnt make logical sense to me

or how we spend trillions rebuilding afhagnistan and iraq when our own people can't even afford their medicine. its bad policy. drop a crap tone of MOABS, and no rebuilding. let the other rich middle east countries and europe deal with the fallout, we have our oceans to protect us. the rest of the world makes fun of us under obama or trump, so i dont see the reason why we should care anymore, are planes are secure, they will never get the advantage / upper hand ever again, and i would even be more bullish on immigration and security and airport screenings than Trump is being.

our two oceans are the greatest asset we have, not to mention no threat from Canada... we really are geographically in a great spot... yet we squander or entire wealth in a stupid area of the world that literally has no natural resources, ( we never go a dime of that iraqi oil for free btw) lol

Problem is MSM either lie to you, tell you half the story or fail to report what the real issues are
If you really want to know whats going on you have to got to alternate sources
One thing that never fails is follow the money, if you do that then you can make sense out of most situations
But get an excellent grasp of the world theres a couple resources I can point you to, surprisingly one of them is very popular
For some reason I dont see spoiler option or I'd gave used it
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post #22017 of 22495
https://www.youtube.com/watch?v=d8ExmIqRqOk

Dash conference going on right, idk if it's gonna break 100k sats. But if it does it might not stop for a while

If you're gonna be available, ride the tiger. I would expect an abrupt dump as soon as it loses momentum tho. So be careful
post #22018 of 22495
IDK if the market cares, but here's this

https://twitter.com/KomodoPlatform/status/911553311265845248

First atomic swaps for KMD

edit - nm sorry thought this happened this morning. It was yesterday. As those of you who looked at the twitter post more carefully probably already know
Edited by Juicin - 9/24/17 at 8:11am
post #22019 of 22495
What do you guys think about Electroneum, was going to post about it a few weeks ago but with all the fuss over ICO and China it didn't seem appropriate but now that has cooled down it seems fairly promising for a new coin

https://www.youtube.com/watch?v=JZ8UfHG5vVw&feature=youtu.be

The dev sounds very capable and it seems all well planned
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post #22020 of 22495
Hmm! I hadn't checked in to see what's been going on here lately, last time I checked in the club was basically dead. It's nice to see a few of the old names still involved. I'm mostly on Twitter these days and long ago gave up mining and moved strictly to buying and trading, with work and school mining became too much. I'm still around and doing O.K. in crypto trading.Cheers guys! cheers.gif
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