Is anyone else starting to become a bit excited?

unkel · 26-10-2019 12:33AM

Addison Fancy Macrame wrote: »

Dollar cost averaging with a double buy on the dips, yer only man. What a day.

How many days did BTC ever gain 15%? Not too many I guess! I reckon you phew'd a good few times today

Anyone has some access to historical data ready on this?

q85dw7osi4lebg · 26-10-2019 12:43AM

unkel wrote: »

How many days did BTC ever gain 15%? Not too many I guess! I reckon you phew'd a good few times today

Anyone has some access to historical data ready on this?

Alts really, really strong too. What is this?

I suppose a bit of a relief but I'm still thinking 10 x from here within 3 years or so. Ideally I'd like it to not pump until Christmas bonus time!

This is good to play around with - https://dcabtc.com/

Still reckon nearly all alts will die away sooner rather than later.

Dohnjoe · 26-10-2019 01:48AM

unkel wrote: »

How many days did BTC ever gain 15%? Not too many I guess! I reckon you phew'd a good few times today

Anyone has some access to historical data ready on this?

Alts really, really strong too. What is this?

20%

q85dw7osi4lebg · 26-10-2019 02:00AM

In a 2/3 years these 20% swings will be 20k up or down !

q85dw7osi4lebg · 26-10-2019 02:09AM

26%...

Arrival · 26-10-2019 11:19AM

Addison Fancy Macrame wrote: »

In a 2/3 years these 20% swings will be 20k up or down !

We were saying that before, that one day we'll look back at these €1-5k daily jumps

q85dw7osi4lebg · 26-10-2019 12:46PM

Arrival wrote: »

We were saying that before, that one day we'll look back at these €1-5k daily jumps in amusement when there's regularly €10-20k daily jumps. Anyone holding at least a couple of Bitcoin through these past couple of years, from the bull run of 2017 to the crash and the highs of this year and these recent lows, will have some fantastic entertainment daily, and they deserve it. Kind of disappointed we didn't see <€5k again though

Edit: Jesus, I only just saw BTC broke €9k again around 3AM

I saw 10,329 at 2.45!!! + 38%!!!

Dohnjoe · 27-10-2019 05:26PM

Some alts going insane, NEO is up nearly 50% in 24 hours, ONT 70%

makeorbrake · 27-10-2019 05:37PM

Dohnjoe wrote: »

Some alts going insane, NEO is up nearly 50% in 24 hours, ONT 70%

China related projects.

Grumpypants · 27-10-2019 05:50PM

Neo had always wanted to be the bitcoin for China. If they wanted to move fast on crypto they could just adopt Neo, send it to 10k and make us all very very happy.

grindle · 27-10-2019 05:52PM

Grumpypants wrote: »

Neo had always wanted to be the bitcoin for China. If they wanted to move fast on crypto they could just adopt Neo, send it to 10k and make us all very very happy.

Not me, I'd have to top myself. "Dammit, wrong horse!"

Truckermal · 27-10-2019 05:56PM

Grumpypants wrote: »

Neo had always wanted to be the bitcoin for China. If they wanted to move fast on crypto they could just adopt Neo, send it to 10k and make us all very very happy.

I have some of that since early this year along with Chainlink, is it worth holding or cashing in?

SauNewb · 27-10-2019 06:58PM

Truckermal wrote: »

I have some of that since early this year along with Chainlink, is it worth holding or cashing in?

I think this time next week, most of the gains will be gone.

If China implements blockchain it will be something they can control. A currency that gives their government 100% visibility of everything. So the chinese governmemt will be able to see what people have, how they spend it etc.

No more tax evasion. Make crime easy to spot.

No way they are going to support the rollout of an existing cryptocurrency.

Bob24 · 27-10-2019 07:25PM

SauNewb wrote: »

If China implements blockchain it will be something they can control. A currency that gives their government 100% visibility of everything. So the chinese governmemt will be able to see what people have, how they spend it etc.

No more tax evasion. Make crime easy to spot.

No way they are going to support the rollout of an existing cryptocurrency.

Indeed ... thinking the Chinese government would piggyback on an existing project they can't control and for which many assets are already allocated is just fantasy. And thinking an existing project could take off in the country on its own and without the blessing of the government also is daydreaming.

Dohnjoe · 27-10-2019 07:32PM

Bob24 wrote: »

Indeed ... thinking the Chinese government would piggyback on an existing project they can't control and for which many assets are already allocated is just fantasy. And thinking an existing project could take off in the country on its own and without the blessing of the government also is daydreaming.

A currency yeah.

But it appears to be a statement in support of Chinese blockchain in general, which could include Chinese-based crypto projects.

SauNewb · 27-10-2019 07:43PM

Dohnjoe wrote: »

A currency yeah.

But it appears to be a statement in support of Chinese blockchain in general, which could include Chinese-based crypto projects.

I don't imagine they will support anything they can't control. Everything will be developed by the State.

I'd also guess they would put regulation in place to manage anything they don't own.

Dohnjoe · 27-10-2019 07:51PM

SauNewb wrote: »

I don't imagine they will support anything they can't control. Everything will be developed by the State.

I'd also guess they would put regulation in place to manage anything they don't own.

Dunno, theres a lot of Chinese business and industry obviously not directly controlled by the state, just compliant.

q85dw7osi4lebg · 27-10-2019 09:49PM

Bitcoin comes in handy in situations like this.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1X60R2

makeorbrake · 27-10-2019 10:43PM

Addison Fancy Macrame wrote: »

Bitcoin comes in handy in situations like this.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1X60R2

India has something similar in play. Many other jurisdictions have systems that make it quite difficult for you to maintain full control over your own wealth.

q85dw7osi4lebg · 27-10-2019 10:51PM

I note in the article that banks are also trying to figure out a way to prevent a run on withdrawals when they reopen. If I was there I imagine I'd be clearing my account.

Dohnjoe · 27-10-2019 10:55PM

Addison Fancy Macrame wrote: »

I note in the article that banks are also trying to figure out a way to prevent a run on withdrawals when they reopen. If I was there I imagine I'd be clearing my account.

Exactly, which is why they are trying to prevent that. Same is going on in Argentina at the moment but to a lesser extent.

q85dw7osi4lebg · 27-10-2019 11:00PM

Just not sure how they can prevent it though without complete war.

Crazy this day in age that it's even legal to do what they are doing.

Not your keys, not your Bitcoin.
Cash not in your pocket, not your cash.

Dohnjoe · 27-10-2019 11:08PM

Addison Fancy Macrame wrote: »

Just not sure how they can prevent it though without complete war.

Crazy this day in age that it's even legal to do what they are doing.

Not your keys, not your Bitcoin.
Cash not in your pocket, not your cash.

Cash (or Bitcoin) at a custodian that safekeeps and insures it - subject to regulations, controls, etc

Bob24 · 27-10-2019 11:15PM

Dohnjoe wrote: »

A currency yeah.

But it appears to be a statement in support of Chinese blockchain in general, which could include Chinese-based crypto projects.

Dohnjoe wrote: »

Dunno, theres a lot of Chinese business and industry obviously not directly controlled by the state, just compliant.

Words were chosen carefully and saying blockchain rather than cryptocurrency was not random. In a manufacturing powerhouse like China things like supply-chain tracking might be what he has in mind. Or even systems to monitor local administrations (large country + corruption issues means it is a problem and critical for the central government to monitor what’s happening at provincial or municipal levels).

Also, Xi isn’t exactly one of the libertarians who created bitcoin and his idea of a blockchain is probably different. For exemple what he has in mind probably is private blockchains or centralised public blockchains with a controlling party.

So yeah there could be privately developed tokens used as a mean to pay for things, but they would be purely China grown and offer a good level of government control (compliance for private companies in China means a lot more that it does here). My bet is that the government would develop guiding principles and rely on the likes of Tencent and Alibaba to develop user-friendly products and put them into citizens hands (with full government control baked deep inside it as part of the companies’ compliance requirements)

Bob24 · 27-10-2019 11:34PM

Addison Fancy Macrame wrote: »

Not your keys, not your Bitcoin.
Cash not in your pocket, not your cash.

Yes - As far as I understand the banking system it literally is the case. When you deposit cash to the bank it isn’t your cash anymore and you simply are a creditor of the bank (possibly competing with other creditors or public authorities to get it back if anything goes wrong).

Bob24 · 28-10-2019 09:36AM

More on China: “ According to cnLedger, in line with previous reactions to official policy, major social media platforms are already censoring anti-blockchain sentiment. ” - https://cointelegraph.com/news/tron-price-up-25-as-china-reportedly-bans-anti-blockchain-sentiment

And the government has published a list of 500 blockchain projects registered by private and public entities (although I suspect the word blockchain is being used very loosely).

There might be something big going on there.

stockshares · 28-10-2019 09:44AM

This is a list of BTC paired coins on Binance that are + 20%. Many are Chinese or Asian cryptos.

Interest might take off now after the news from China over the weekend.

q85dw7osi4lebg · 28-10-2019 01:21PM

More cash / dollar news today. This time from Argentina.

https://www.aljazeera.com/ajimpact/argentina-central-bank-cuts-dollar-purchase-limit-191028044213323.html

Again, Bitcoin kind of makes it hard for these measures to be implemented.

Dohnjoe · 28-10-2019 01:30PM

Addison Fancy Macrame wrote: »

More cash / dollar news today. This time from Argentina.

https://www.aljazeera.com/ajimpact/argentina-central-bank-cuts-dollar-purchase-limit-191028044213323.html

Again, Bitcoin kind of makes it hard for these measures to be implemented.

Indeed but if they did away with cash in Argentina and somehow switched to BTC they would have different problems, far, far larger problems

cnocbui · 28-10-2019 01:35PM

Dohnjoe wrote: »

Indeed but if they did away with cash in Argentina and somehow switched to BTC they would have different problems, far, far larger problems

Yeah, starting with not enough bitcoins or the money to buy them with.

Is anyone else starting to become a bit excited?

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