Did the floor fell out of the crypto currencies?

[Neuro]

Just saw that Bitcoin was trading just above $300 and lite coin around $3.50...
https://bitcoinwisdom.com/markets/btce/btcusd

[EE_]

Let this be a lesson, never fight the Jewish Fed! With Jews you lose.

[Neuro]

Let this be a lesson, never fight the Jewish Fed! With Jews you lose.
I am just wondering if this may be a buying opp? Litecoins are down like 93% since December...

[ShortJohnSilver]

You never know, they might be trying to slam it on purpose. My prediction - the Fed is not buying anything in October in order to force their agenda on Congress. After the November elections, the Fed will turn the taps back on, thus re-inflating a lot of stuff. Including silver, gold, and BTC.

[Neuro]

I was just thinking of getting perhaps 100 litecoins for $350 and keep as a fun play if it has another leg up we know for sure that it can move. If it goes down to its intrinsic valuelessness, so be it I lost $350...

[Horn]

I was under the impression that jews were part of the largest audience to Bitcoin.

[Ponce]

Soon even toilet paper will be more valuable than the green back...........I AM RICHHHHHHHHHHHHHHHHHH.

v

[Twisted Titan]

I was under the impression that jews were part of the largest audience to Bitcoin.

But that is why they have the talmud.....it is a most dry reading...that is comprised mostly of shylock contract law and how they are to settle differences.

[Ares]

Just saw that Bitcoin was trading just above $300 and lite coin around $3.50...
https://bitcoinwisdom.com/markets/btce/btcusd

Been trying to figure that out myself. Only thing I can come up with is Russia looking to ban Bitcoin and other virtual currencies entirely. They've been a big player in the virtual currency space lately.

http://www.coindesk.com/russia-proposes-fines-bitcoin/

[Horn]

Isn't there a quote on the georgia guidestones referring to Bitcoin as the universal language?

[EE_]

$286 was the low today.

Seems like the only solid investment is the Jewish run stock market

[Horn]

If it hits $144 I am piling on a thousand.

[crimethink]

Let this be a lesson, never fight the Jewish Fed! With Jews you lose.

It is the obligation of every decent human being to fight the "Federal" Reserve in whatever way, even miniscule ways, possible.

[crimethink]

I neither support nor actively oppose Bitcoin. If it works for some people, great.

This knock-down is a concerted effort; part of the same effort attacking gold & silver.

Purpose? Unknown, but one can speculate that "they" know the "Dollar" is going to drop in value, so assets that will go up are being pushed down so that the "elite" can vacuum them up cheap.

[JohnQPublic]

Considering that gold and silver are on the same course, I would say there is a shift coming. Either the economy is doing so wonderful that no one needs alternate places to park cash, or this is another scam, in which case it should reverse with a vengeance very soon.

[Horn]

Someone had 26000 of them to Sell.

Whoever that was, manipulated a temporary floor.


After buyers snapped up $7.8m worth of bitcoins that were selling for $300 each on exchange Bitstamp on Monday, bitcoin’s price appears to have found a hard floor in what has been a largely unpredictable trading period recently.
On Sunday, bitcoin’s price dropped through the 18-month average purchase price of $337.60, signalling uncertainty to many traders in the market. Then, in the early hours of the Asian morning on Monday, a sell order of 26,000 BTC at $300 that was placed on exchange Bitstamp (http://www.coindesk.com/companies/exchanges/bitstamp/) brought a temporary halt to the volatile price and narrowed bid-ask spreads between the four exchanges inCoinDesk’s Bitcoin Price Index (http://www.coindesk.com/price/) (BPI).

By the time of the European morning however, buyers had snapped up the entire order and the BPI jumped up into the low-to-mid-$320s.

“When the sell order for 26,000 BTC came onto Bitstamp, the price dropped from $317 to $300 in two seconds. I’ve just bought back in now that block has been lifted,” said Adam O’Brien, CEO ofBTC Solutions (http://btcsolutions.ca/), a Canada-based provider of ATM exchanges and leveraged trading services for bitcoin.

http://www.coindesk.com/bitcoin-price-finds-hard-floor-following-26000-btc-sell-order/

[gunDriller]

But that is why they have the talmud.....it is a most dry reading...that is comprised mostly of shylock contract law and how they are to settle differences.

that's one of the things that struck me about the Talmud. Some parts of it, the "Sanhedrin", read like they're straight out of business contract law.


BUT - the Talmud came first. If one were studying the history of business, specializing in the history of business contracts, you would have to include the Talmud.

but the short version is as the Brain Trust has noted - with Jews you Lose.

[Horn]

Precious metals had the same chance occurrence...

is like fate.



Gold price lifts, recovers from sell-offs



DOW JONES NEWSWIRES (http://www.businessspectator.com.au/contributor/dow-jones-newswires)
6 OCT, 8:31 PM



MARKETS (http://www.businessspectator.com.au/markets)
FINANCIAL MARKETS (http://www.businessspectator.com.au/markets/financial-markets)



Gold prices in Europe rose on Monday, recovering from sell-offs early in the day, but continuing to trade broadly flat.

Spot gold was trading at $US1,194.70 a troy ounce, up 0.3 per cent, in morning European trade.

"The yellow metal extended its weakness and is currently trading within striking distance of major support at $US1,182.52, the December 2013 low," UBS analyst Edel Tully said.

Given gold's recent run, it is unclear whether this movement is a consolidation or simply a pause before continuing on a downward trajectory, according to analysts.

"Gold has held up relatively well compared to the other precious metals but, in our view, remains vulnerable, given our dollar and rates view. The cost of production offers little support for prices amidst weak physical demand, but market focus will shift towards the extent of strength in Chinese gold demand after the national holiday," Barclays analysts said.

The precious metals complex was evenly split. Silver was up 1.2 per cent at $US17.016 an ounce, platinum was down 0.6 per cent at $US1,213.00 an ounce, and palladium was down 0.3 per cent at $US750.20 an ounce.

http://www.businessspectator.com.au/news/2014/10/6/financial-markets/gold-price-lifts-recovers-sell-offs

[Ares]

Someone had 26000 of them to Sell.

Whoever that was, manipulated a temporary floor.

Could be a coincidence, but Bitstamp is located in the United Kingdom... Bank of England maybe??

[Horn]

Could be a coincidence, but Bitstamp is located in the United Kingdom... Bank of England maybe??

Deflationary PPT.

[Horn]

https://www.youtube.com/watch?v=O2rTQWjKcz8

[Neuro]

I just opened a BTC-e trading account. Just saw that an international wire transfer would take between 7-10 days to be credited in my account and minimum transaction is $2000, to long time and to much cash, there were several other payment options available, but none of them involving credit cards, which would be the easiest for me... Anyone who has any experience in this? Please guide me how to do this the easiest and fastest way!

[Shami-Amourae]

I'm buying here.


Also it looks like Dogecoin went up during the crash in Bitcoin prices. I'm unloading some of that.

[Shami-Amourae]

I just opened a BTC-e trading account. Just saw that an international wire transfer would take between 7-10 days to be credited in my account and minimum transaction is $2000, to long time and to much cash, there were several other payment options available, but none of them involving credit cards, which would be the easiest for me... Anyone who has any experience in this? Please guide me how to do this the easiest and fastest way!

Well you don't live in America so it's probably different for you.

I personally use a small bank account that I only use for Bitcoin. There are services like Coinbase that let you hook up to your bank account (in the US) and buy/sell.

I personally don't use BTC-e anymore. They don't accept Dogecoin for some odd reason so I think the are irrelevant. Bitcoin and Dogecoin are currently the most credible cryptocurrencies now. Litecoin really isn't used by anyone anymore and only still is around since people equate it to Bitcoin [Gold] / Litecoin [Silver]. I'm more conservative with cryptos now and avoid alt-coins in general. That was a fad. It cemented Bitcoin as king... for now.

[Shami-Amourae]

Considering that gold and silver are on the same course, I would say there is a shift coming. Either the economy is doing so wonderful that no one needs alternate places to park cash, or this is another scam, in which case it should reverse with a vengeance very soon.

I know a lot of people here don't like Cryptos, but the establishment sees both Precious Metals and Cryptos as a threat. They will do whatever they can do discredit and demonize both. It's expected to see them rise and fall with another.

I do think both Precious Metals and Cryptos are at (near) bottoms, and both great buys.

[Horn]

Sweden-Based Klarna Set to Test Bitcoin Integration to rival PayPal in the US and Europe
http://cointelegraph.com/news/112693/sweden-based-klarna-set-to-test-bitcoin-integration-to-rival-paypal-in-the-us-and-europe

[Neuro]

Sweden-Based Klarna Set to Test Bitcoin Integration to rival PayPal in the US and Europe


http://cointelegraph.com/news/112693/sweden-based-klarna-set-to-test-bitcoin-integration-to-rival-paypal-in-the-us-and-europe
So I can pay with bitcoins, but how on earth shall I buy them to begin with?

[Horn]

So I can pay with bitcoins, but how on earth shall I buy them to begin with?

Sell your Gold to Shami.

http://www.coindesk.com/information/how-can-i-buy-bitcoins/

[Neuro]

Ok I could buy bitcoins quite easily via circle.com, by attaching a credit card to the account I opened with them. Just a couple of issues with it, 1) I don't seem to have the coins in my possession (0nly reg at the account), 2) I don't seem to be able to trade them for anything apart from USD, 3) My $200 transaction costed me $205.80. 4) I couldn't buy litecoin, which i would have preferred, 5)Transaction limit is $500 a week. Anyhow it was exceedingly easy to do the transaction, once registering the account, but you have to register your mobile phone nr and a credit card or bank account, they send you a code number on your phone whenever you want to transact, so I assume it is fairly safe... But probably this is an illuminati front, short selling .

Good news though my 0.607.... Bitcoins are now worth aprox $202! ;D

[EE_]

Ok I could buy bitcoins quite easily via circle.com, by attaching a credit card to the account I opened with them. Just a couple of issues with it, 1) I don't seem to have the coins in my possession (0nly reg at the account), 2) I don't seem to be able to trade them for anything apart from USD, 3) My $200 transaction costed me $205.80. 4) I couldn't buy litecoin, which i would have preferred, 5)Transaction limit is $500 a week. Anyhow it was exceedingly easy to do the transaction, once registering the account, but you have to register your mobile phone nr and a credit card or bank account, they send you a code number on your phone whenever you want to transact, so I assume it is fairly safe... But probably this is an illuminati front, short selling .

Good news though my 0.607.... Bitcoins are now worth aprox $202! ;D

At least there is a good record of your purchase

[Neuro]

At least there is a good record of your purchase
It seems that way, but you lose every practical transaction reason to own Bitcoins, like anonymity, and ability to send your coins anywhere in the world at an instant. I suppose it is an investment account.

[Horn]

There's gotta be a place in the fine print where they just refund the initial deposit to your card... lol!

[Horn]

Name says it all circle.com ....

[Neuro]

Name says it all circle.com ....
I have no illusions.

[madfranks]

Ok I could buy bitcoins quite easily via circle.com, by attaching a credit card to the account I opened with them. Just a couple of issues with it, 1) I don't seem to have the coins in my possession (0nly reg at the account), 2) I don't seem to be able to trade them for anything apart from USD, 3) My $200 transaction costed me $205.80. 4) I couldn't buy litecoin, which i would have preferred, 5)Transaction limit is $500 a week. Anyhow it was exceedingly easy to do the transaction, once registering the account, but you have to register your mobile phone nr and a credit card or bank account, they send you a code number on your phone whenever you want to transact, so I assume it is fairly safe... But probably this is an illuminati front, short selling .

Good news though my 0.607.... Bitcoins are now worth aprox $202! ;D

If you want litecoins, send your BTC from your circle account to your BTC-e account, then trade for LTC.

[Neuro]

If you want litecoins, send your BTC from your circle account to your BTC-e account, then trade for LTC.
It seems like I can only trade it for USD and transfer it to my own credit card account or a bank account... Or did I miss something?

[madfranks]

It seems like I can only trade it for USD and transfer it to my own credit card account or a bank account... Or did I miss something?

I don't use circle, but I assume when you buy bitcoins, you have the option to withdraw them to your own wallet? That option should be there.

[Neuro]

I don't use circle, but I assume when you buy bitcoins, you have the option to withdraw them to your own wallet? That option should be there.
I looked around at the Website of Circle, which Isn't that clear about what options are available... Anyhow I found that I can transfer to my btc-e account, so I just transferred 0.2 btc, now I am awaiting confirmation from the network, before I can trade my btc for ltc... It's that long code address kind of thing. I was just poorly informed, but I am learning. Thanks!

[Neuro]

Proud owner of 17.26 litecoins to the price of 0.2 btc. I'll transfer the rest of my funds in circle to btc-e (0.4 btc) to change the rest to ltc. This was fun!

[Horn]

It seems like I can only trade it for USD and transfer it to my own credit card account or a bank account... Or did I miss something?

Blue Dress with Angle Wings. {**}


https://www.youtube.com/watch?v=oguMZp75BB0

[Neuro]

Hehehe, now I have 50+ lite coins! ;D

[madfranks]

Neuro, I'm with you, right now I own more than 2500 litecoins, and I'm buying them as much as I can right now. If you don't know, coinbase is one of the top, if not the top, bitcoin/fiat platform in the US, and coinbase is now confirmed to be implementing litecoin into their new trading platform to be released later this year.

https://litecointalk.org/index.php?topic=22233.0

Buy LTC at these prices and you'll be very happy next year.

[Neuro]

Neuro, I'm with you, right now I own more than 2500 litecoins, and I'm buying them as much as I can right now. If you don't know, coinbase is one of the top, if not the top, bitcoin/fiat platform in the US, and coinbase is now confirmed to be implementing litecoin into their new trading platform to be released later this year.

https://litecointalk.org/index.php?topic=22233.0

Buy LTC at these prices and you'll be very happy next year.
We know it can move, it went from these levels or lower to close to $50 in a couple of months less than a year ago!

[Shami-Amourae]

Neuro, I'm with you, right now I own more than 2500 litecoins, and I'm buying them as much as I can right now. If you don't know, coinbase is one of the top, if not the top, bitcoin/fiat platform in the US, and coinbase is now confirmed to be implementing litecoin into their new trading platform to be released later this year.

https://litecointalk.org/index.php?topic=22233.0

Buy LTC at these prices and you'll be very happy next year.

I guess I should hold on to mine...

[Horn]

https://www.youtube.com/watch?v=2YZJt_Bw3eo

[Neuro]

Now after spending $500 I have almost 130 lite coins, all in all. I just plan on keeping them, betting on one last mania, which will surpass previous frenzies. Perhaps $5000 for bitcoins and $300 for lites... If no mania, but only slowly fading away, so be it I'll lose a few hundreds, but frankly I think another mania is more likely... If it drops more within the next month, below $3, I'll drop another 500!

[Shami-Amourae]

https://www.youtube.com/watch?v=2YZJt_Bw3eo

Are you trying to make Ponce quit again?

[Neuro]

Are you trying to make Ponce quit again?
I forgot about that. But I think he is just trying to imply I am one of the salt grains that keeps the system twitching. Which may actually be correct! We'll see...

[Horn]

Neuro just made this chart move sideways with that transfer.


http://gold-silver.us/forum/attachment.php?attachmentid=6854&stc=1

[Neuro]

Neuro just made this chart move sideways with that transfer.


http://gold-silver.us/forum/attachment.php?attachmentid=6854&stc=1
We all know it is heading into negative territory by 2024

[Neuro]

Bitcoin and Dogecoin are currently the most credible cryptocurrencies now. Litecoin really isn't used by anyone anymore and only still is around since people equate it to Bitcoin [Gold] / Litecoin [Silver]. I'm more conservative with cryptos now and avoid alt-coins in general. That was a fad. It cemented Bitcoin as king... for now.
At the point I see that Litecoin is third on the market capitalization list, just below Ripple, and second far above the rest when it comes to Trading volume. Not disputing that Bitcoins are ruling the market, but Litecoin seems to be a good second!
http://coinmarketcap.com/

[Shami-Amourae]

At the point I see that Litecoin is third on the market capitalization list, just below Ripple, and second far above the rest when it comes to Trading volume. Not disputing that Bitcoins are ruling the market, but Litecoin seems to be a good second!
http://coinmarketcap.com/

I'm talking about psychology. I've been in the market since Bitcoin was $4. People don't give a fuck about Litecoin anymore (at least the West.) It has no community or support anymore. People use Bitcoin and Dogecoin for real transactions. They aren't just speculative instruments, people really view them as currency.

Here I'll show you:

Here's the Reddit for Dogecoin:
http://www.reddit.com/r/dogecoin

And for Litecoin:
http://www.reddit.com/r/litecoin


Dogecoin has a crap load more activity and hardcore believers. You need to keep things like that in mind when you invest.

Then again, Litecoin is more of an Asian thing. It's something the Chinese seem to eat up and like a lot (the creator is Asian.) I could be wrong, so you may wanna study the Asian community around it if you're serious about Litecoin.

[madfranks]

I'm talking about psychology. I've been in the market since Bitcoin was $4. People don't give a fuck about Litecoin anymore (at least the West.) It has no community or support anymore. People use Bitcoin and Dogecoin for real transactions. They aren't just speculative instruments, people really view them as currency.

Here I'll show you:

Here's the Reddit for Dogecoin:
http://www.reddit.com/r/dogecoin

And for Litecoin:
http://www.reddit.com/r/litecoin


Dogecoin has a crap load more activity and hardcore believers. You need to keep things like that in mind when you invest.

Then again, Litecoin is more of an Asian thing. It's something the Chinese seem to eat up and like a lot (the creator is Asian.) I could be wrong, so you may wanna study the Asian community around it if you're serious about Litecoin.

Dogecoin is now merge-mining with Litecoin, so doge is now really a by-product of litecoin mining, in the same way that you get free namecoins for mining bitcoins. If it wasn't for Charlie Lee offering to merge-mine with LTC, doge would be almost dead by now. Doge will never be a serious coin, it wasn't even designed to be serious. Plus it has no hard cap, it's total supply can change, which makes it less attractive to people who equate cryptos as digital precious metals.

[madfranks]

Now after spending $500 I have almost 130 lite coins, all in all. I just plan on keeping them, betting on one last mania, which will surpass previous frenzies. Perhaps $5000 for bitcoins and $300 for lites... If no mania, but only slowly fading away, so be it I'll lose a few hundreds, but frankly I think another mania is more likely... If it drops more within the next month, below $3, I'll drop another 500!

I think the likelihood of another bubble mania is much more likely with LTC than BTC at this point. Last year when this happened the LTC/BTC ratio jumped over 0.04. If BTC has even a smaller rally to bring it back up to $600-800, and LTC rallies up to the 0.04 ratio, we're looking at an LTC price of $24-32. And if we get a ratio closer to 0.09 or 0.1, we're looking at $50 LTC easy.

[madfranks]

Then again, Litecoin is more of an Asian thing. It's something the Chinese seem to eat up and like a lot (the creator is Asian.) I could be wrong, so you may wanna study the Asian community around it if you're serious about Litecoin.

I think you're right that litecoin is huge in Asia. The two big Asian exchanges, okcoin and huobi, trade BTC and LTC only. And now with Coinbase confirming that they're adding LTC to their BTC platform, I think it's evident that litecoin is the defacto #2.

[Shami-Amourae]

I think the likelihood of another bubble mania is much more likely with LTC than BTC at this point. Last year when this happened the LTC/BTC ratio jumped over 0.04. If BTC has even a smaller rally to bring it back up to $600-800, and LTC rallies up to the 0.04 ratio, we're looking at an LTC price of $24-32. And if we get a ratio closer to 0.09 or 0.1, we're looking at $50 LTC easy.

You guys may be right. I'll look more into it.

[Neuro]

I'm talking about psychology. I've been in the market since Bitcoin was $4. People don't give a fuck about Litecoin anymore (at least the West.) It has no community or support anymore. People use Bitcoin and Dogecoin for real transactions. They aren't just speculative instruments, people really view them as currency.

Here I'll show you:

Here's the Reddit for Dogecoin:
http://www.reddit.com/r/dogecoin

And for Litecoin:
http://www.reddit.com/r/litecoin


Dogecoin has a crap load more activity and hardcore believers. You need to keep things like that in mind when you invest.

Then again, Litecoin is more of an Asian thing. It's something the Chinese seem to eat up and like a lot (the creator is Asian.) I could be wrong, so you may wanna study the Asian community around it if you're serious about Litecoin.
Ok I see what you are saying, however those hardcore believers isn't what will move the market this time, IMHO. It will be the capitalists. Sure most will put the money into Bitcoins, because it is the blue chip of crypto's. BTC dropped about 75% from peak to bottom, Litecoin dropped 93% so you have much more upside potential. Trading volume to market capitalization is even better in Litecoin compared to Bitcoins, and trading volume in Litecoin is at least 10 times more than pretty much any other cryptocurrency in the top 10 list including Dogecoin, iow it is a way more liquid investment. Further Dogecoin isn't traded at the BTC-e... Can you see how Litecoin might look more attractive to someone wanting to make a large investment in a market, purely based on the decision making process of the typical capitalist, without too much knowledge re the pros and cons of the different crypto- currencies.

I understand that the people you spend time with discussing these issues are the early adaptors and possibly even developers, and they were the ones responsible for the first phases of the market including the first spike up to $20-25 for bitcoin. Second phase which peaked in January you saw some early venture capitalists like Vinklevoss twins making inroads to Bitcoin. Next phase will see more mainstream investors and capitalists buying in. So far what percentage of worlds population owns crypto currencies? I would bet less than 1 %, a year later I may look like an early adopter too. ;). I hope so because I would most likely be much wealthier than I am today.

[Horn]

I don't Crypto often, but when I do, I go Dog-e style.

[Camp Bassfish]

I don't Crypto often, but when I do, I go Dog-e style.

Top or bottom :)

[Horn]

Top or bottom :)

U have to follow the price spread on consumer video cards.

If the market is too tight in the lower region its time to hype crypto currencies again...

[Neuro]

U have to follow the price spread on consumer video cards.

If the market is too tight in the lower region its time to hype crypto currencies again...
Sometimes it is hard to determine if your posts have any point at all...

[Horn]

Sometimes it is hard to determine if your posts have any point at all...

U need more investment in computer video chips to mine bitcoins.

Needless to pronounce that you've also missed rockman's philosophy.

[Neuro]

U need more investment in computer video chips to mine bitcoins.

Needless to pronounce that you've also missed rockman's philosophy.
Makes no sense whatsoever. The thing is I have made an effort to try and understand you, and often times I do I believe. I really don't want to think that you are only here to waste time of others so maybe you could explain what you mean?

[crimethink]

U need more investment in computer video chips to mine bitcoins.

That's one of the absurdities about Bitcoins. Why wouldn't the filthy rich or even the CIA/NSA simply "mine" Bitcoins with their supercomputers, and corner the market? Or, well, maybe they did, as was seen by the recent collapse in price.

[Horn]

Steep Bitcoin drop = sharp tech stock drop,

Or in the upside down, and completely incommunicable Horn world,

a manipulated technology market benefits from the stimulated frog legs in Bitcoin


Last quarter, investors expected AMD would report strong graphics card sales. The reasoning was that AMD would benefit from strong sales of Microsoft's (NASDAQ:MSFT (http://seekingalpha.com/symbol/msft)) Windows 7. Chip sales from Intel (NASDAQ:INTC (http://seekingalpha.com/symbol/intc)) and a respectable report from Nvidia (NASDAQ:NVDA (http://seekingalpha.com/symbol/nvda)) also suggested AMD would report good news. Instead, a sharp drop in bitcoin prices also meant a steep drop for AMD's new and used Radeon cards. While AMD did not benefit when the card prices were high, it still helped drive sales.

http://seekingalpha.com/article/2516395-should-you-ignore-selling-pressure-for-amds-stock

[Neuro]

Steep Bitcoin drop = sharp tech stock drop,

Or in the upside down, and completely incommunicable Horn world,

a manipulated technology market benefits from the stimulated frog legs in Bitcoin



http://seekingalpha.com/article/2516395-should-you-ignore-selling-pressure-for-amds-stock
So it is in the interest of multibillion dollar chip manufacturers to prop up the bitcoin market, that seems bullish to me!

[Horn]

So it is in the interest of multibillion dollar chip manufacturers to prop up the bitcoin market, that seems bullish to me!

And now you're prepped for the rest of Horn's point.

are you ready? :)


https://www.youtube.com/watch?v=2G4RxzlgrD0

[Neuro]

LTC just broke $4! :)