Cryptocoin Value and Market Trend Discussion

[trog100]

All manipulation, manipulators know they have just one shot and they need to pump this hard and then crash this hard, prior bear market is always like this, last chance to pump high and then dump hard and then quit the market altogether and return in few years with lots of promise of returns plus with all the new printed money, lies, media and so on, reason crypto is all about cycles, if you think long term you lose in this game because playing the short term will earn up to 1000x more than just hold long term, because buying the crashes and selling high and so on is better than hoping for the best and dreaming this will only go up.

i think the manipulators are basically whale hodlers.. their main aim is to acquire more bitcoin.. they play games along the way to flush out weak hands and acquire more bitcoin as cheaply as they can..

over the years much bitcoin has been sold way too cheaply.. it passes into the hands of the long term hodlers who are the real people getting very rich..

trog

 

[lexluthermiester]

i think the manipulators are basically whale hodlers.. their main aim is to acquire more bitcoin.. they play games along the way to flush out weak hands and acquire more bitcoin as cheaply as they can..

over the years much bitcoin has been sold way too cheaply.. it passes into the hands of the long term hodlers who are the real people getting very rich..

trog

And that is why it needs to die. Too much of it spread across too few people. The whole system is just another example of corruption out of control..

 

[R-T-B]

And that it why it needs to die. Too much of it spread across too few people. The whole system is just another example of corruption out of control..

I mean you could make an even stronger arguement like that against the dollar, really.

 

[Metroid]

i think the manipulators are basically whale hodlers.. their main aim is to acquire more bitcoin.. they play games along the way to flush out weak hands and acquire more bitcoin as cheaply as they can..

over the years much bitcoin has been sold way too cheaply.. it passes into the hands of the long term hodlers who are the real people getting very rich..

trog

They always crash crypto 95% when a bull market is done, so they accumulate --> pump and then desacumulate -> dump and then cycle starts again in few years and yeah good cryptocoins will always rise overtime because of limited supply and will always have more money printed in that time than those cryptocoins, period, not saying long term is bad because limited supply is limited supply but short term --> playing the market is 1000x better. However people who buy crypto when they are high and hold long term they will miss a lot of profit and a warning, one day this will likely stop, look at gold, gold has been stagnating for years after hit highs and records, in 1970 gold was 200 usd, in 1980 gold hit a record of 2380 usd, to this day gold stil have not hit its record of 2380 usd that hit in 1980 and gold is also short supply and has many uses. So people need to pay attention here, thinking this will keep going up forever just because its supply is limited.

Gold Prices - 100 Year Historical Chart

Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

www.macrotrends.net

 

[ThrashZone]

Hi,
Deal is if the market doesn't move = make it move mostly insider trading/ manipulation
When the securities and exchange commission is nonexistent there is zero oversight it really does need to be oversight or death of mining and crypto.

 

[trog100]

They always crash crypto 95% when a bull market is done, so they accumulate --> pump and then desacumulate -> dump and then cycle starts again in few years and yeah good cryptocoins will always rise overtime because of limited supply and will always have more money printed in that time than those cryptocoins, period, not saying long term is bad because limited supply is limited supply but short term --> playing the market is 1000x better. However people who buy crypto when they are high and hold long term they will miss a lot of profit and a warning, one day this will likely stop, look at gold, gold has been stagnating for years after hit highs and records, in 1970 gold was 200 usd, in 1980 gold hit a record of 2380 usd, to this day gold stil have not hit its record of 2380 usd that hit in 1980 and gold is also short supply and has many uses. So people need to pay attention here, thinking this will keep going up forever just because its supply is limited.

Gold Prices - 100 Year Historical Chart

Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

www.macrotrends.net

gold is also massively manipulated and has been for years.. the price is fixed by paper gold.. which just like dollars can be printed as and when they want to.. its been said that for every ounce of real gold there are at least 100 paper ounces.. or to put it another way.. 100 different people would have a claim on the same ounce of gold.. it also said that when this paper gold scam comes to an end.. gold will find its true price which is multiple times higher than what it is now..

the world aint a very honest place.. he he

trog

 

[lexluthermiester]

I mean you could make an even stronger arguement like that against the dollar, really.

Not really. You're comparing a form of unregulated number string to a regulated nation currency. Quite a silly statement. But I digress...

 

[R-T-B]

Not really. You're comparing a form of unregulated number string to a regulated nation currency. Quite a silly statement. But I digress...

And your asking how many of the few hold what percentage units on both (that WAS your criticism of bitcoin above, was it not?). We both know the answer to that one, you said nothing about the rest.

There are plenty of valid criticisms of bitcoin and this may even be one... I'm just pointing out the dollar shares this critique. Mind you, I am by no means excusing it in the dollar anymore than bitcoin, or vice versa. It's a real issue.

Data:

Wealth inequality in the United States - Wikipedia

en.m.wikipedia.org

 

[ThaiTaffy]

I know it's old news now but reading this thread over the last few days. I've seen Reuters articles and central bank memorandums and nothing is clear be it translation or understanding so I thought I'd post this here from South China morning post which stated that China began their crackdown back on 2013 as @R-T-B said but they have seemed to be wishy washy with it which doesn't sound like China. Also please pay special attention to the wording in certain paragraphs, when they talk about crypto from my take they are banning foreign crypto not all crypto.

China’s central bank targets offshore crypto exchanges’ ties to mainland

The PBOC warned on Friday that anyone involved in providing support to an offshore exchange could come under investigation.

www.scmp.com

 

[cvaldes]

My understanding is that China isn't against cryptocurrencies as a concept, they just don't like cryptocurrencies that are totally decentralized in the same way they hate free market capitalism. Let's face it: cryptocurrencies aren't going away.

China is working on their own cryptocurrency which will be controlled by the CCP, allowing them to benefit from transaction fees, brokerage/exchange fees, price & supply manipulation, etc.

The Chinese government knows they can't control what the rest of the world does but they can control what their own citizens do. As the largest country by population it is worthwhile for the CCP to control crypto behavior of Chinese.

 

[ThaiTaffy]

My understanding is that China isn't against cryptocurrencies as a concept, they just don't like cryptocurrencies that are totally decentralized in the same way they hate free market capitalism. Let's face it: cryptocurrencies aren't going away.

China is working on their own cryptocurrency which will be controlled by the CCP, allowing them to benefit from transaction fees, brokerage/exchange fees, price & supply manipulation, etc.

The Chinese government knows they can't control what the rest of the world does but they can control what their own citizens do.

Yep I pointed that out in the news thread this was discussed. But alot of that was talking about environmental factors and China finally taking a stance against crypo's massive power demands and effect on climate change. In reality China doesn't give a damn about the climate implications it's just about them loosing money.

 

[trog100]

one for the crypto haters or lovers depending on your viewpoint..

trog

 

[Chomiq]

one for the crypto haters or lovers depending on your viewpoint..

trog

Jfc this guy is twitchy AF. You expect us to watch this crap?

 

[the54thvoid]

Please guys, keep it related to Crypto.

This is the hardware forum (oddly). If you want to talk Pandora - lounge it out.

 

[trog100]

Please guys, keep it related to Crypto.

This is the hardware forum (oddly). If you want to talk Pandora - lounge it out.

i posted it because it comes from a crypto channel.. the pandora element points out that the bad guys are more active in normal finance than they are in crypto.. very apt i thought..

trog

 

[trog100]

well.. bitcoin is now up over 49K and eth at 3400.. eth seems to be lagging a little..

gold is up a little and the stock markets are looking pretty grim.. we will see what tomorrow brings..

its all connected..

trog

 

[Rithsom]

Why is everything climbing so fast? Did another little nation accept Bitcoin as money or something?

There better be a good reason for this. Everyone knows that slow and steady growth is pretty much the most healthy thing. When something booms too rapidly, you know what generally follows...

 

[trog100]

well tomorrow has brought bitcoin up at over 51K and eth at 3500..

gold has dipped a little and the stock markets are back in the green...

by crypto standards this is slow and steady growth.. and its gonna grow much more..

trog

 

[lexluthermiester]

When something booms too rapidly, you know what generally follows...

Makes one wonder what is going on behind the scenes..

 

[Rithsom]

by crypto standards this is slow and steady growth.. and its gonna grow much more.

True. But still, moments of quick growth or decline for crypto are usually associated with real events that take place in the world. Not this time, though. I haven't found any noteworthy event that is tied to the current climb...

Makes one wonder what is going on behind the scenes..

Exactly. Collusion by the whales, perhaps?

 

[R-T-B]

In ethereum circles the reasoning is the rapid growth report from NFTs, which are reported up 700% in sales quarter to quarter.

NFT Trading Volume Hit $10.67 Billion in Q3, Up 700% From Previous Quarter - Decrypt

Analytics platform Dappradar recorded a year-over-year increase in NFT trading volume of over 38,000%, with August breaking records.

decrypt.co

I have no idea for bitcoin and nonethereum coins... along for the ride maybe?

And NFTs make no sense to me either, but there is no denying money flows from them.

 

[trog100]

soon fomo will kick in and it really will be up up and away for bitcoin..

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

trog

 

[Rithsom]

In ethereum circles the reasoning is the rapid growth report from NFTs, which are reported up 700% in sales quarter to quarter.

NFT Trading Volume Hit $10.67 Billion in Q3, Up 700% From Previous Quarter - Decrypt

Analytics platform Dappradar recorded a year-over-year increase in NFT trading volume of over 38,000%, with August breaking records.

decrypt.co

I have no idea for bitcoin and nonethereum coins... along for the ride maybe?

Alright, at least there is something. Seems like a pretty small event to cause such a great confidence boost in crypto, though.

I'm definitely curious to see how long this growth will continue for.

 

[Deleted member 202104]

Is there a market still for non-LHR Nvidia cards? Asking for a friend.

 

[lexluthermiester]

Exactly. Collusion by the whales, perhaps?

along for the ride maybe?

Both possible.

soon fomo will kick in and it really will be up up and away for bitcoin..

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

trog

Interesting.

Is there a market still for non-LHR Nvidia cards? Asking for a friend.

Not by the looks of things. Proof of Stake conversion has begun and will make GPU mining nearly pointless.