I’ve been wrong about cryptocurrencies since the day I found out about them. As long as they survive , I will continue to be wrong about them. I don’t get it and will never invest in them. Having said that, a totally normal bounce of +26% has occurred in Ethereum today — the world’s second largest cryptocurrency. Look at all these totally normal moves.
Markets are set to rebound today, getting back some of yesterday’s lost sauce. Since we lost 100 NASDAQS yesterday, I think it’s fair to say it’d take one heck of a rally today to get it all back. As a matter of fact, if we rallied 100 NASDAQS today, I’d face plant myself into a vat of ketchup — just for the hell of it.
Goldman upgraded their forecast for the SPY this year to 2,400 from 2,300.
Interesting side note, the President is shitposting about AMZN this morning — thanks to Jeff Bezos’ relationship (owner) with the fake newspaper, Washington Post.
The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!
— Donald J. Trump (@realDonaldTrump) June 28, 2017
In the world of politics, this is all you need to know for this morning.
Following yesterday’s drubbing, you’d like to see the market lift by 30-40 NASDAQS. Worst case scenario, NASDAQ lifts by 15, fades away and then turns red. That would lead to a rout of monumental proportions. Remember, because the market has been so easy to buy and hold, there are a lot of rank amateurs embedded at these levels. Those people would take flight at the first sign of weakness. They are the proverbial ‘weak hands.’ They exacerbate sell offs — because they’re indecorous, disgusting, vile creature — and lack gumption.
I’d be encouraged if tech led the way today and Macy’s face planted into a vat of ketchup.
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Banks leading, bonds getting the homo hammer.
TLT -0.39%, you drama queen.
$clf
How many of you sent DNA to 23 and Me?
i sent them my stool sample
Traderconfessions did. He found out he had Turner Syndrome and Cri-du-Chat Syndrome as a child. It explains a lot.
HAhahaha
Regards
Chuck Bennett
You can’t stop thinking of me…tragic.
I do think you’re a pompous ass
Don’t you already know your ancestry and personality traits?
The voice of Common Sense! How refreshing in this fake world we live in.
Automatic rally in order today to punish the shorts. It’s a given.
…and who was buying those liquidations yesterday? The market is still in strong hands.
I’m perfectly calm dude
C’mon Fly. Get some ETH – you know you want it.
Last 24 hrs total cap of CCs has gone from about $93 down to $88 back to about $104 billion. A $27 billion, say 27% see-saw. ETH up over 30% now. This reminds me of the gyrations of currencies during late 2008.
It’s a misnomer to call blockchain technology/algorithm currency…that’s where most of the problem is. Units of blockchain are no more than gambling tokens/chips…at least for now.
YOU HAVE NO CLUE WHAT YOU ARE TALKING ABOUT
No, I guess I don’t. At bare minimum, currency has to be WIDELY excepted and recognized as a medium of exchange:
https://en.wikipedia.org/wiki/Currency
I’ve been involved in postgraduate numerical analysis research/programming off and on during the last 15 years and I believe that this technology is going to lead to another IT revolution. It has the power to undermine a number of existing tech businesses. BTC is not the last word, there are other, superior technologies just around the corner that follow on from BTC. We are in the throes of a major tech revolution, boys.
stocks?
In a few years it would be possible to build a distributed, peer to peer, immutable and securely encrypted data store stock exchange with this technology. This is the potential.
Not stocks, the whole internet. Remember when distinguished gentlemen dismounted their trusty steed to sit behind the wheel of an automobile? The sands are shifting beneath our feet.
http://reason.com/reasontv/2017/06/22/blockstack-bitcoin-blockchain-internet
These fine people are protecting you from the evil overlordes that seek to destroy your privacy and pry into every facet of your lives, using blockchain to do so
The technology is this: a very lightweight, completely distributed, decentralized, peer-to-peer, immutable data store with a built in scripting language that can handle 8000 to 10000 transactions transactions per second. You can build a Twitter-like application without central servers with something like this, and it would be impossible to censor it. I runs on each users platform. No need for a web server. This is the potential.
BTC has gone from a handful to 7 million users during the last 5 years. But it is ancient technology, written in C/C++ which is not the best language. They are reaching the scaling limits now and this is why they are introducing forks and changes to the blockchain. But there are new systems out there that will be market ready soon that do not suffer from these limitations.
You can buy physical gold and silver with bitcoin. real shit
Just because one “can” do something does not make it a customary and/or regular transaction. One “can” trade casino chips for a car but that does not make casino chips across the board currency to purchase cars.
Ripple the most viable model in the space. Ever send a wire for a $50 fee that takes a day and some crazy banking bird takes another day to find it? $XRP solving this.
$XRP transacts in 3 seconds, to anywhere in the world, for .1% of the current fee structure. COMING SOON OLDFAGS
Easy… I’m older than Fly.
Sweet Baby Rays makes the best honey mustard.
I didn’t know who else to tell.
Or maybe a correction here, or lack thereof, may have more to do with the fate of the tax cut (healthcare bill) than it does on the emotions of rank amateurs.