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Cryptocurrency

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    Such volatile...
    "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

    Comment


      Today I be like

      "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

      Comment


        Sorry, my bad

        Bitstamp opens up about Bitcoin [BTC] crash; exchange begins investigation into case

        Bitcoin [BTC], the largest cryptocurrency by market cap, a massive crash in the market, earlier today. The coin that gained over $2000 within a few days, lost over $1500 under two hours. This plunge also resulted in the liquidation of over $207 million worth of long positions on BitMEX, Bitcoin Mercantile Exchange.

        This, in turn, resulted in the majority of the market discussing the reason behind the crash, with some throwing the blame on Bitstamp. Following this, the exchange also released an official statement on the events.
        Silly speculators.


        Bitstamp says
        A large sell order was executed on our BTC/USD pair today, strongly impacting the order book. Our system behaved as designed, processing and fulfilling the client’s order as it was received.
        "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

        Comment


          Only 200 mln have such big effect? This fake market got no depth

          Comment


            Originally posted by AtW View Post
            Only 200 mln have such big effect? This fake market got no depth
            £19M traded on Bittrex in the last 24 hours. It isn't a big market.
            When they talk about the market capitalisation, they forget that half of all Bitcoins are owned by Satoshi (who not be alive any more). And a huge volume of the rest is in wallets where the key or password has been lost.

            And the FBI have a lot as well.

            I don't know how many coins are actually viable but I'd be amazed if it was any more than 25% of them. I guess someone who understands the blockchain better could work out how many of the coins have been traded in the last 5 years.
            See You Next Tuesday

            Comment


              Originally posted by Lance View Post
              £19M traded on Bittrex in the last 24 hours. It isn't a big market.



              Today's High / Low: $ 28.37 / $ 27.2699
              Share Volume: 67,330,064
              50 Day Avg. Daily Volume: 70,940,521

              https://www.nasdaq.com/symbol/amd

              AMD's yesterdays trading volume appears to be in range of 2 bln USD, and that's just one company.

              Comment


                Originally posted by Lance View Post
                I don't know how many coins are actually viable but I'd be amazed if it was any more than 25% of them. I guess someone who understands the blockchain better could work out how many of the coins have been traded in the last 5 years.
                You won't see the complete picture because in this fraudulent scheme people transfer their tulipcoins to "exchange" and then trade virtual tulips within exchange itself.

                Comment


                  Originally posted by AtW View Post
                  You won't see the complete picture because in this fraudulent scheme people transfer their tulipcoins to "exchange" and then trade virtual tulips within exchange itself.
                  One reason I'm extracting mine from the exchanges is there is no transparency about what you catually have.
                  For all I know they might be leveraging them 20 times and hoping noone draws the cash.

                  I'd prefer keeping them in my own wallet, but the transfer rates are enormous, and the trading value between BTC and Fiat are also terrible.

                  It's been a fun ride. I've made a few grand, but I'm out.
                  See You Next Tuesday

                  Comment


                    Originally posted by Lance View Post
                    It's been a fun ride. I've made a few grand, but I'm out.
                    What do you mean, out? Out into Fiat no BTC?
                    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                    Comment


                      Originally posted by scooterscot View Post
                      What do you mean, out? Out into Fiat no BTC?
                      Fiat.
                      See You Next Tuesday

                      Comment

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