Bitcoin & Markets

Bitcoin & Markets Update 10/24/17 --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- Metronome Scam https://metronome.io https://www.metronome.io/#team-content https://www.bloomberg.com/news/articles/2017-10-24/bitcoin-pioneer-says-new-coin-to-work-on-multiple-blockchains --- Thank you bitcoin

PoW! Bitcoin Market Update --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- *** Prices Bitstamp - $5704 3M Futures - $5711 spread - ~$0 After a period of normalization for the spreads, they came back to even yesterday at the bottom, setting up for the next leg up. Market Cap - $94.6B Global MC - $169B Maximalist Price - $10212 - This fell because altcoins are starting their decline IMO Avg Tx Value - $4235 On chain Vol - $2.2B transacted on chain in 24 hrs Segwit % - 14% Latest Difficulty retarget was +6.5% -3% or +10% https://bitcoinwisdom.com/bitcoin/difficulty http://fork.lol/pow/retarget Mempool - 22MB Localbitcoins - $53M Paxful volume hit $9M Total over $62M public OTC. --- Resources page on bitcoinandmarkets.com/resources Recently added futures curve: https://bitcoin.clarkmoody.com/tickers/futures/ Futures for 2x, 28 days There are three markets open now for Segwit2xCoin futures, all are showing ~0.12 btc. Not having replay protection is a weakness for 2x, not a strength. https://2xdumper.com/ Mike Belshe the CEO of BitGo's Medium posts. Mike has had a couple medium posts pleading the 2x case. They are full of BS, debunked statements or lies. https://medium.com/@mikebelshe/carpe-diem-for-bitcoin-9f02e8263126 https://medium.com/@mikebelshe/keeping-the-community-together-5c4dcda7aeb4 OKEx twitter poll vs Futures price https://twitter.com/OKEx_/status/920958136990646272 Calls for the "Bitcoinization" of Venzuela on CNBC https://www.reddit.com/r/Bitcoin/comments/76r0jb/was_watching_cnbc_when/ An Evening in Wonderland by @ReformedBroker http://thereformedbroker.com/2017/10/18/an-evening-in-wonderland/ Bittrex Freezes Accounts https://cointelegraph.com/news/bittrex-exchange-breaks-silence-on-banned-accounts-questions-remain China National Convention 3 takeaways: https://thediplomat.com/2017/10/3-major-takeaways-from-xi-jinpings-speech-at-the-19th-party-congress/ --- Thank you bitcoin

PoW! Bitcoin Market Update --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- *** Amazing bull run, 2x is the longest comedy death, bgold Prices Bitstamp - $5681 3M Futures - $5987 spread - $306 Once again, the period of backwardation ends with a large rally. Market Cap - $94B Global MC - $174B Maximalist Price - $10478 Avg Tx Value - $4675 On chain Vol - $2.1B transacted on chain in 24 hrs Segwit % - 11% http://segwit.party/charts/# I'm expecting Difficulty to increase by singe digits in 12 hours after upload of this episode -5% or +6% https://bitcoinwisdom.com/bitcoin/difficulty http://fork.lol/pow/retarget Mempool - 12MB Got as high as 35MB in the last day, due to bcash mining profitability and anti-bitcoin miners not mining full blocks. That's ok, they are leaving money on the table. Localbitcoins - $48M transacted last week ~1500 btc/day Paxful volume hit $10M Total over $58M public OTC. This number is lower than I'd like, but consistent. Week ended 10/7 before this latest rally. So I expect this number to jump drastically. --- The Island Nation of Vanautu https://www.sovereignman.com/international-diversification-strategies/strangely-enough-vanuatu-proves-why-bitcoin-can-never-be-banned-22485/ Demand -> Innovation -> Distribution -> Use Fedcoin - PBOC, IMF etc A result of people think bitcoin is a payments network, medium of exchange, but it's a store of value. National cryptos must remain centralized control, monetary policy, blockchain is inefficient, not anonymous, not fungible, etc. This 2x drama is a golden opportunity for us to expose anti-bitcoin companies, like Xapo, Blockchain[dot]info and BitPay have exposed themselves. Big new line we see being used is that they will follow the longest chain. This is a get out clause, but also VERY dangerous. https://twitter.com/udiWertheimer/status/918216293232332800 Bgold http://btcgpu.org/ https://twitter.com/btcgpu https://bitcoinmagazine.com/articles/bitcoin-beginners-guide-surviving-bgold-and-segwit2x-forks/ I'm getting bullish for bgold for several reasons: 1) the gold bug appeal 2) altcoin appeal 3) air drop appeal 4) mining appeal, PoS eth hashrate 5) it's a friendly fork I will likely Hodl this air drop, because I expect it better than bcash, and set a good example for future forks. --- Thank you bitcoin

PoW! Bitcoin Market Update --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- *** Bitcoin raging, altcoins dumping, 2x collapsing. The preponderance of news will be positive. Prices Bitstamp - $4800 3M Futures - $4800 spread - $0 Market Cap - $80B Global MC - $152B Maximalist Price - $9189 Avg Tx Value - $4693 This is getting closer to 1 BTC, I see as bullish Trade Vol - $2.0B transacted on chain in 24 hrs Segwit % - 9% http://segwit.party/charts/# I'm expecting Difficulty to increase by singe digits in 5 days -3% or +15% https://bitcoinwisdom.com/bitcoin/difficulty http://fork.lol/pow/retarget Mempool -

PoW! Bitcoin Market Update --- SHARE and FOLLOW --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- *** Drop is over. Next resistance at ~$4600. Prices Bitstamp - $4256 3M Futures - $4177 spread - -$75 Market Cap - $70B Global MC - $143B Maximalist Price - $8639 Difficulty -5% or -7% https://bitcoinwisdom.com/bitcoin/difficulty http://fork.lol/pow/retarget Mempool -

PoW! Bitcoin Market Update --- SHARE and FOLLOW --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- *** Momentum is definitely slowing. But I expect good news to outweight bad for the rest of the week. Could test $4k before breaking $4500. Prices Bitstamp - $4301 3M Futures - $4225 spread - -$75 Market Cap - $71B Global MC - $144B Maximalist Price - $8702 Avg Tx Value on chain - $2874 - I'd like to see this higher Difficulty Last change was 1.85%. Fork.lol was closer. -2.2% or +35% https://bitcoinwisdom.com/bitcoin/difficulty http://fork.lol/pow/retarget Mempool -

PoW! Bitcoin Market Update --- SHARE and FOLLOW --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- Prices Bitstamp - $4284 3M Futures - $4304 spread - +$20 Market Cap - $71B Global MC - $146B Maximalist Price - $8835 https://twitter.com/btcmrkts/status/914082535889612800 Difficulty -4.5% or 4.8% in ~1day https://bitcoinwisdom.com/bitcoin/difficulty http://fork.lol/pow/retarget Bcash difficulty crashed again. They have 30 blocks an hour now. Estimated retarget in 4 days. Mempool - 2MB Avg Tx Value on chain - $2866 - I'd like to see this higher Localbitcoins - $59M transacted last week Paxful volume hit $9.9M Total over $70M public OTC Charlie Lee's Bet https://twitter.com/SatoshiLite/status/913874126812569600 1000 btc for B2X coins. Rekt. For the 2x debate, remember layer two devs will almost unanimously build on 1x. All the devs, all the future potential is there. 2x is losing signatories left and right. They are out in force to talk to save 2x right now. Don't listen to them, don't forget. --- South Korea http://news1.kr/articles/?3114917 SEC Begins ICO Slaughter - REcoin https://www.sec.gov/news/press-release/2017-185-0 Bitcoin was built on the idea of decentralization. Many have tried to pervert blockchain to mean centralized services. That is being destroyed everywhere in the world. You must remain resistant to government attack with decentralization. Take the lesson and learn it well. IMF Lagarde http://www.denverpost.com/2017/09/29/imf-chief-warns-bankers-bitcoin/?preview_id=2805043 Next level links: BitcoinJ's evolving story https://groups.google.com/forum/#!topic/bitcoinj/-qHXPWTn2wU Chip exploit that could affect crypto https://www.blackhat.com/eu-17/briefings/schedule/#how-to-hack-a-turned-off-computer-or-running-unsigned-code-in-intel-management-engine-8668 --- Music by Joakim Karud

PoW! Bitcoin Market Update --- SHARE and FOLLOW --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- Prices Bitstamp - $4080 3M Futures - $4054 spread - $25 Market Cap - $66B Global MC - $140B Maximalist Price - $8470 Difficulty - -3% or 3% https://bitcoinwisdom.com/bitcoin/difficulty http://fork.lol/pow/retarget Mempool - 3MB Avg Tx Value on chain - $2936 - I'd like to see this higher Localbitcoins - $59M transacted last week Paxful volume hit $9.9M for the first time last week Total over $70M public OTC Falkvinge tweet rant https://twitter.com/Falkvinge/status/912676219036028929 I'm sick of weak freedom fighters, limp wristed anarchists, hermit old men stacking silver and gold. Bitcoin is going to swallow all of that. --- DXY - 93.37 Gold - $1289 SPX - 2496 EURUSD - 1.174 - called the small head and shoulders w/ invalidation above 1.205. Never got that high. Pattern complete at ~1.150. Catalonia The spanish govt went around the region and grabbed all the paper ballots. Which is funny, because technology will set you free. They could just design a website, host it internationally, give access to polling places only. Kurdish Referendum is more important that Catalonia Initial reports out of the region are that yes won. Turkey quickly threatened to cut off their pipeline to the region. I think Erdogan is in a hard place. I remember a conversations about 10 years ago 30k ft over Iraq, hearing that a Kurdistan State is a nightmare for regional powers. There is a great video on the subject here. https://www.youtube.com/watch?v=u7J_uHlXa48 Turkey reaction http://www.independent.co.uk/news/business/news/kurdish-referendum-oil-prices-rise-latest-turkey-pipeline-iraq-iran-cut-off-two-year-high-a7967356.html --- Music by Joakim Karud

PoW! Bitcoin Market Update --- SHARE and FOLLOW --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- Prices Bitstamp - $3758 3M Futures - $3715 spread - $40 Market Cap - $62B Global MC - $130B Maximalist Price - $7896 Difficulty - 0% or 7% https://bitcoinwisdom.com/bitcoin/difficulty http://fork.lol/pow/retarget New mining entrants are very exciting. Bitmain has new comp. Canaan.io is the old Avalon Miners. GMO of Japan https://bitcoinmagazine.com/articles/japanese-company-will-launch-new-bitcoin-mining-operation-7-nm-chips/ Syan Mining formerly of Dubai now HK. https://syanmining.com/ Rumors out of Russia that they are courting disaffected Chinese miners. Mempool - 1MB Antpool and their subsidiaries have started mining SW blocks Once again notice that once BCH difficulty got easier, spam stopped Avg Tx Value on chain - $2834 - I'd like to see this higher Localbitcoins - $71M transacted last week New weekly numbers out today, expecting another ATH https://coin.dance/volume/localbitcoins/ALL Chinese volume is spiking, not at ATHs yet though. Paxful volume hit $10M for the first time last week Total over $80M public OTC Fake Satoshi won't answer some fair questions from Simon Dixon. https://www.youtube.com/watch?v=SMgzzF6XmEc --- DXY - 92.14 It's having trouble against all this resistance between 92 and 93. Even after the Fed decision this week to reduce it's balance sheet. Gold - $1296 Has obviously come down and broke $1300, but that's not a big deal. The story here was that speculative longs vs commercial shorts. Longs were getting liquidated this week. Geopolitical risk this coming week could force shorts to close, and price to climb to some retracement level, maybe 50%+ https://www.insidefutures.com/article/2055858/Weekly%20Gold%20Report.html SPX - 2502 hit ATHs this week Some support at 2490, but again, I'm expecting upside to be weak, and the downside to surprise. Remember, the Fed is going to start Quantitative Squeezing now in Oct EURUSD - 1.195 - could be forming a small head and shoulders pattern up here. invalidation above 1.205 bullish EUR even after a small pullback to 1.15, dollar is going lower --- Music by Joakim Karud and KVN

PoW! Bitcoin Market Update --- SHARE and FOLLOW --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- BIS DLT/Fedcoin report https://www.bis.org/publ/qtrpdf/r_qt1709f.htm Block Digest https://youtu.be/Jw3GXmNKopo?t=55m8s --- Music by Joakim Karud and Vowl

Bitcoin and Markets E045 --- SHARE and FOLLOW --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- #bitcoin #blockchain #crypto --- Obviously, China is forcing exchanges to close in mainland China. Bad mistake. Bounce at $3000 after a 40% pullback. GMO enters bitcoin mining with 7nm chips https://bitcoinmagazine.com/articles/japanese-company-will-launch-new-bitcoin-mining-operation-7-nm-chips/ Alexa website rankings coinmarketcap.com - #396 bloomberg.com - #433 cnbc.com - #630 ft.com - #1762 Jamie Dimon is the fraud https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin "someone is going to get killed" Tone Vays loves government, bashes libertarians. Thought liquidity is king? /s https://twitter.com/AnselLindner/status/908469473954324480 --- Music by Joakim Karud, Tennyson, and Die Antwoort

PoW! Bitcoin Market Update --- SHARE and FOLLOW --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- China FUD. http://www.pbc.gov.cn/english/130721/3377816/index.html BTCe is back online, but now they are an KYC/AML bullshit exchange. CEOs don't run bitcoin. CEOs don't speak for users. https://twitter.com/tedmrogers/status/905686142044868608 --- Dollar fucking sucks. It's sinking vs all other major currencies. Looks like a geopolitical event is approaching. Vice-chair Standley Fischer resignation. He was a hawkish member. Power struggle happening. S&P500 is droopy. Gold is strong. http://www.zerohedge.com/news/2017-09-08/gold-trading-volumes-hit-record-high-dollar-crashes --- Music by Joakim Karud

PoW! Bitcoin Market Update ----- LIKE, SHARE and FOLLOW ----- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts ----- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets ----- Bitstamp - $4225 3M Futures - $4175 Market cap - $72 B Global MC - $151 B Maximalist Price - $9143 GBTC (~0.1btc) - $800 localbitcoins 24hr - $5.4 M Mempool - 1 MB Fees are very low ----- ICOs are Banned in China https://twitter.com/cnLedger/status/904612458777559040 Nopara's Medium Article about King of the Trolls https://decentralize.today/roger-ver-lies-f5333e152858 Jack Mallers links with Charlie Lee and sets up a lightning network on Litecoin and send the first lightning tx on Litecoin Mainnet. https://twitter.com/JackMallers/status/903676685492609025 F2Pool pulls out of the B2X NYA https://twitter.com/f2pool_wangchun/status/903439036454379520 Wiki of segwit support https://en.bitcoin.it/wiki/Segwit_support Greg Maxwell did a talk about the improvements in 0.15 http://diyhpl.us/wiki/transcripts/gmaxwell-2017-08-28-deep-dive-bitcoin-core-v0.15/ Buy and hold, fees are low, the idiots that tried to smear Core's name have failed. ----- Traditional Markets Gold - $1335 SPX - 2476 - It took a buying frenzy, PPT, the best week in 10 months, right after Jackson Hole meeting ends, to get stocks to recover last week. DXY - 92.57 - Trying to bounce saying low in 92. EUR - 1.19 - Euro inflation should be picking up, but because of EU *growth*, which I think strengthens the Euro still further. The relative weakness of the dollar signals low growth in the US, add to that the risk of war with NK. The US economy is horrible, the only thing people can point to to say it's strong is the stock market, which is extremely overpriced. ----- Music by Joakim Karud

PoW! Bitcoin Market Update ----- SHARE and FOLLOW ----- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts ----- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets ----- Bitstamp - $4799 3M Futures - $4825 Market cap - $78 B Global MC - $175 B Maximalist Price - $10586 GBTC (~0.1btc) - $1005 localbitcoins 24hr - $8.4 M Mempool - 5 MB Fees are very low Wang Chun of F2 Pool withdrawals from B2X! https://twitter.com/f2pool_wangchun/status/903419665703043072 Jeremy Rubin of MIT on being approached by NYA https://twitter.com/JeremyRubin/status/867167020655104000 Only a few exchanges are on board for the B2X. Coinbase, bitflyer, cryptofacilities, ViaBTC, Vaultoro Exchanges not on there are most of the largest Korean, Chinese, bitfinex, bitstamp, Gemini etc Ethereum developers waking up to the risk inherent with disrupting things. https://twitter.com/AnselLindner/status/903294259620712448 https://www.coindesk.com/misunderstanding-vitalik-buterin-create-new-entity-russian-bank-deal/ So much bullish talk about $1 million bitcoin, makes me uneasy. Invest/trade with caution. ----- Music by Joakim Karud

PoW! Bitcoin Market Update -------------------------------- SHARE and FOLLOW ----- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts ----- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets ----- Price - 4348 3M - 4329 spread - -$25 market cap - $72B global mc - $161B max price - $9764 mempool - 11 MB localbitcoins - $7M Gold - $1321 Dxy - 91.73 spx - 2423 --- B2X is dead. Jeff Garzik is increasingly insane. There's only a very small percentage of people wanting 2x, and everyone is looking for an exit. Bcash is a shit show, and funny to watch. The ocsilations only lasted for two rounds until the price ratio didn't work out in their favor. It's very expensive to continue mining. It's also expensive to continue spamming. See the percentage of txs that are Segwit here. http://segwit.5gbfree.com/countsegwit.html https://fork.lol Many of the corporate coup types are moving to ethereum. Thank god. Ethereum is a more natural home for these corporate crazies. Price is at ATHs. Keep calm and bitcoin on. The contention is great for bitcoin. The infighting is great for bitcoin. Gridlock is great for bitcoin. bitcoin Core 0.15 is coming. Bring on the attacks. ----- Music by Joakim Karud