Cryptocurrency

[AtW]

they are not BTC transactions though.

They are, but they are kept off the books since wonderful tulicoin blockchain can't handle it cheaply/quickly enough.

[Lance]

They are, but they are kept off the books since wonderful tulicoin blockchain can't handle it cheaply/quickly enough.

then they are NOT BTC transactions.
There's no such thing as an off-book transaction for BTC. There are transactions.

If the exchange doesn't have it 'on the books' then you are 'buying' a 'share' in their BTC pool. They might have enough BTC to underwrite it. Or they might not.

[AtW]

then they are NOT BTC transactions.

They are - buying/selling BTC tulip.

[Lance]

They are - buying/selling BTC tulip.

Are they regulated? Do they have to prove to a regulator that they have sufficient BTC capital to cover the deposits?
I don't think they do.

Their promise to pay me the number of BTC I have is only as good as their balance sheet.
BTC isn't a ponzi scheme, but I reckon quite a few of the exchanges are.

[AtW]

It's Scam of the Century, that's for sure.

[Lance]

It's Scam of the Century, that's for sure.

not if you sell before it collapses

[AtW]

"Bitcoin going to $22k ??

Why so bearish? A few reasons - on the above 4-day chart following the overbought conditions (green columns) there is:

1) Regular Bearish divergence between price action and ALL oscillators. 1 of 3 can be ignored. 3 of 3 is alarm bells. This is a powerful signal a strong reversal is imminent.

2) RSI support breakout. Highlighted in ‘blue’ you can see two things:

a) RSI support was broken.

b) RSI came back up to test support and was rejected.

3) On the 2-week chart below, the last candle printed is considerably bearish . Not quite a gravestone DOJI (candle body too thick), but nonetheless, huge amounts of selling pressure.

Why $22k? Look left. Previous corrections from RSI @ 90+ resulted in price action finding support on the 0.618 golden ratio. Historically Bitcoin has a lot of respect for this Fibonacci ratio. Right now the 0.618 is at $21,700k."

Source: https://www.tradingview.com/chart/BT...-going-to-22k/

[AtW]

LOOK LEFT!!!

Or else

[DealorNoDeal]

"Bitcoin going to $22k ??

Why so bearish? A few reasons - on the above 4-day chart following the overbought conditions (green columns) there is:

1) Regular Bearish divergence between price action and ALL oscillators. 1 of 3 can be ignored. 3 of 3 is alarm bells. This is a powerful signal a strong reversal is imminent.

2) RSI support breakout. Highlighted in ‘blue’ you can see two things:

a) RSI support was broken.

b) RSI came back up to test support and was rejected.

3) On the 2-week chart below, the last candle printed is considerably bearish . Not quite a gravestone DOJI (candle body too thick), but nonetheless, huge amounts of selling pressure.

Why $22k? Look left. Previous corrections from RSI @ 90+ resulted in price action finding support on the 0.618 golden ratio. Historically Bitcoin has a lot of respect for this Fibonacci ratio. Right now the 0.618 is at $21,700k."

Source: https://www.tradingview.com/chart/BT...-going-to-22k/

Scooter makes a bearish call and guess what? BTC starts going up.

BTC was approx $50k when he came up with this a week ago. It's currently just shy of $55k.

Let's see how this $22k prediction pans out.

[TheGreenBastard]

It's more about the "audience" he has there, stroking his narcissism, see the top comment.

He also implies alt-coins aren't coupled to BTC, nothing is more true. It's kinda weird he's stuck to his guns after being so wrong, perhaps it's all parody at this point.