All posts made by Lopumbo in Bitcointalk.org's Wall Observer thread



1. Post 21851666 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Well hello there,

i'm new to Cryptos but not new to investing.

So as dumb as I am - ignoring the properties of a highly volatile and unregulated market, I invested a huge amount at ~4100€ (almost ATH), woke up to a 10% loss and sold everything in two charges at a -15% loss.
The hodlers who bought high amuse me: "I am not loosing money until I sell it" - well sure you loose money, the value of your asset declines.
Any investor with half a brain will tell you that a secret to success is limiting your losses (risk).
So at first I regreted my decision, because It went to straight ~3900€ two days after.
I read more about Crypto, talked to people and was more and more suspicious about the current state of the bubble.
Well now I'm lucky. If I would buy now, I would get more BTC for less money including my losses.

So what did I learn? I think BTC has an intrinsic value of around $1000. The rest are hopes and dreams.
Most of the BTC investors never traded a stock before and just want to get rich quick - this is driven by many blatant dumb posts in this thread and others   
Everybody knows somebody who got rich with stocks and BTC, well...but that might be just "luck" (law of large numbers).

And I will repeat what others said before me. Blockchain technology is revolutionary but BTC is not - It is not more than a speculative asset.
Anybody who "believes" in BTC as a decentralized currency is doomed to fail. It is the king now, but there are no kings, only princes.
So, as you do not know the intrinsic value of a BTC you might end with a bunch of worthless private keys.

Anyway I'm surely investing down on teh road for the fun of it.




2. Post 21852316 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: bones261 on September 15, 2017, 05:18:38 AM
You do realize that BTC is the first implementation of the Blockchain technology?  Roll Eyes

Sure and that makes BTCs value in what amount better than other crypto assets. Anybody remember myspace?  Grin



3. Post 21852668 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Elwar on September 15, 2017, 05:28:25 AM
Oh, hello 2016. I remember the olden days when banks thought they could create their own blockchains to compete with Bitcoin but failed. So now they attack it again.

BTCs market cap is laughable. Nobodys gonna "attack"  Cheesy
The only conspiracy theory which could apply is, that BTC as an implemention of the blockchain technology is a crucial social experiment  Grin

Two facts from my side:
Every larger company is currently trying to reduce the cost associated with hard cash.
This is the "digitalizing aspect" everybody is talking about. Yes (slow) companies will arrive in the 21. century too.
Finance institutes are looking for experts in blockchain technology (some job offerings I recently read). So count 1+1 together...



4. Post 21852829 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: bones261 on September 15, 2017, 05:44:00 AM
Anyone remember Amazon? The cream always rises to the top.  Kiss Do you really think BTC has gone without any kind of further development or innovation since 2008?  Cheesy

Amazon will not stay there forever. Remember IBM and McDonalds?
Sure BTC got under developement, but in my opinion its inherent technological design is broken, if you want it to use as an actual currency.
And that's the argument of many "believers". Current attemps in improving scalability comes at the cost of loosing security, let alone the sheer amount of electricity needed for buying a coffee.



5. Post 21853538 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Elwar on September 15, 2017, 06:00:54 AM
Hey guys, I'm an investor but I missed the biggest investment in the last decade so let me tell you why that investment is wrong....

And also...blockchain is the next big thing! Don't miss out.


some people are just hilarious

I never said it is wrong only the wrong rationale Wink - I have invested 1% of my savings - which is fine regarding the risk/reward ratio.


Quote from: bones261 on September 15, 2017, 06:07:47 AM
It's "inherent technological design" is the blockchain. So the blockchain is "revolutionary technology" but it's broken? You are contradicting yourself. Unfortunately, most of these cryptocurrencies we have now are based on the blockchain concept, and have the same flaws.

By "technological design" I meant how transactions are currently processed and confirmed,
the hard limit on supply (which makes believers think the price will skyrocket) and the fact that everybody can know what I have in my wallet.

There are already several coins which solve some of this problems, e.g. Monero.



6. Post 21854210 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Arriemoller on September 15, 2017, 06:29:51 AM
And that tells me you haven't taken economics 101.
How, prey tell, is a price determined?

Nothing is determined. You can have my morning turd...its unique and supply is limited to one.
Its price only depends on the amount of turd collectors. Same with bitcoin. As long as you find always new believers the rocket will fly.
A healthy economy needs some amount of inflation. Why should I buy something if my currency is more worth tomorrow. Yes I know this argument has a beard but enlighten me.

Quote from: Killerpotleaf on September 15, 2017, 06:31:20 AM
there is far better tech that will provide complete anonymity, and this tech can and will be added on top of bitcoin. ( third layer?? ahaha!)
right now things like Ether and Monero, bcash, they have an edge, somthing that adds utility and sets them apart.
but sooner then you realize, bitcoin will have better solutions then anyone of these altcoins... and then what are these altcoin worth? not a fucking thing....

Sure, "Bitcoin" has its name on it. This is a huge advantage and the fact that altcoins are currently traded with regard to its worth in Bitcoin as a base currency. That might fade. We'll see.



7. Post 21854556 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Elwar on September 15, 2017, 06:55:46 AM
Took you a while but you finally got around to your shitcoin investment.

Yes i like monero - its currently more or less ASIC proof - and mining some. I also own ETH and BTC. So what?



8. Post 21854814 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: bones261 on September 15, 2017, 07:08:19 AM
GTFO you lying troll.


 Huh - I bought Bitcoins, traded to ETH and mine some Monero...all within a timespan of 2 weeks...what's wrong with you?



9. Post 21855191 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Arriemoller on September 15, 2017, 07:11:38 AM
"Nothing is determined" yes it is, by supply and demand. if nobody wants to buy your turd the price is zero, as determined by the lack of demand.

Yeah sure, but what makes you so sure that a Bitcoin is more worth than my turd? Because currently everybody wants some?
Do you have reason to know that it is not a ponzi scheme?

Quote
And if you want to know how an economy without inflationary currency works, then study the Austrian school of economics, again, it's obvious that you know very little to nothing about economics.

Economic theories are not proofable and many people with nobel prizes in economy failed while trading stocks or do you think Markowitz Portfolio Theory captures reality?  Wink
So you believe in Bitcoin backed up by theories about economy. And I believe in my (economic) theories. Nothing to battle about.




10. Post 21856007 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Spaceman_Spiff_Original on September 15, 2017, 07:50:01 AM
Perhaps by checking what a Ponzi scheme actually is and seeing whether bitcoin matches the criteria?

In my humble opinion its current price is partly based on a pyramid schmeme...but that is the property of every bubble



11. Post 21856453 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Asrael999 on September 15, 2017, 08:00:42 AM
Rather like the USD government debt then , which depends either on selling more debt to new investors to pay off its existing investors or on creating more tokens to do the same. Point the finger of Ponzi or pyramid where it really belongs, central banks and managed fiat currency.

Yes and we are all little hamsters making more little hamsters with shitty jobs to strive the economy  Cheesy

Quote from: Arriemoller on September 15, 2017, 08:01:26 AM
Well, people are buying bitcoin, but not your turd, that proves that it is worth more than your turd. Basic economics.

That does not proof a fundamental value. "People" buy everything if they believe in it.

Quote
It's not a Ponzi scheme because there is no Ponzi. From wikipedia " Operators of Ponzi schemes can be either individuals or corporations", bitcoin is neither.

Wow you are clever in quoting wiki. Maybe there's the possibility that many "all hail the Bitcoin"-people are just a proxy for a rather large Ponzi?

Quote from: Spaceman_Spiff_Original on September 15, 2017, 08:08:23 AM
So now it it not a Ponzi but a pyramid schmeme?

Oh come on. You know it can be interpreted in both ways.




12. Post 21858773 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Chinese exchanges currently trade 1BTC for ~2700$ - Yesterdays price of ~3100$ also came to our exchanges



13. Post 21859228 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: yermom on September 15, 2017, 09:46:11 AM
And you want to trade with "myspace" as you say, because you are the FUCKING MASTER.
Welcome Cool

As long as there is no facebook, myspace should suffice  Kiss



14. Post 21868705 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Although I'm in the profit zone with my current trade (bought some at ~2550€) these price movements are just ridiculous. Nothing healthy...



15. Post 21869158 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

well some clever guys (or girls) are making the money of their lives by margin trading at china exchanges and selling it to us Cheesy



16. Post 21872530 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Quote from: jbreher on September 15, 2017, 05:15:19 PM
I invested a huge amount at ~4100€

I think BTC has an intrinsic value of around $1000.

^^^I sense some inner turmoil...

To be honest I didn't thought about that "investment". I sold everything with a small loss and buyed myself back in going from 3200€ to 2550€.
Was just about right I guess



17. Post 21873297 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.21h):

Can anybody explain to me the huge price difference of 500$ between China and USD? Is the market this inefficient?



18. Post 22521463 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.22h):

There's a sell order at 3640€ of 90BTC at Kraken currently eaten and another one of 100BTC at 3649.5€
So that's the price range for the next hours



19. Post 22711564 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.22h):

I don't know if it has been already posted, but there is a small german article where you can read that the european central bank is thinking about a ban of ICOs



20. Post 22771626 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.22h):

this shit amuses me, who the fuck is actually believing in bitcoin as a technology?
who seriously would adopt bitcoin as a currency with all that forks?
you all just want more of the precious fiat money  Roll Eyes

time to buy ETH/LTC/ZEC...



21. Post 24184274 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.25h):

come on...go down! I totally forgot to buy some in the 5500-7000 range  Cheesy

I wonder when most people realize that bitcoin is one of the technically most inferior coins out there  Tongue



22. Post 24184795 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.25h):

Quote from: EtihadBitcoin on November 07, 2017, 03:46:26 PM
So you want bitcoinunlimited to replace it and the core?

well, name me a coin that is

completely private (hides transactions, amounts, adresses etc.)
this includes fungibility
no transaction malleability
adaptive blocksize
faster difficulty adjustment
is asic proof
has inflation

... Kiss



23. Post 24248091 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.25h):

what the fuck is wrong with kraken  Undecided



24. Post 24278009 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

I also made a bet on LTC last month, thinking it couldn't get lower than 0.01BTC...

Quote from: ErisDiscordia on November 09, 2017, 08:36:16 AM
I am so scared. Is this the end of Bitcoin? Is crypto done?  Huh

crypto is done, get out while you can



25. Post 24369016 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

https://fork.lol/pow/hashrate

steady moveover from HashPower to BCH, already 30% in the last 12h

went with 50% of my stash into BCH, yolo




26. Post 24369172 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

Quote from: taserz on November 10, 2017, 08:26:06 PM
I mean that's just coin switching miners really.

Difficulty adjustment is too slow in BTC. Fees will increase massively or the chain may freeze with unbearable transaction times.



27. Post 24370313 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

 Cheesy Kraken@BCH 0.176



28. Post 24377002 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

BCH HashPower ~40% in the last 3h, 25% in the last 24h



29. Post 24377331 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

Quote from: DonQuijote on November 11, 2017, 12:51:52 AM
BCH HashPower ~40% in the last 3h, 25% in the last 24h
increase? or total sha hash? (BTCvsBCH)

total according to fork.lol



30. Post 24377451 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

has many more statistics like tx fees and so on...don't know if its reliable

https://fork.lol/pow/hashrate



31. Post 24379273 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

BCH HashPower 50% in the last 3h  Shocked, 28% in the last 24h, Transactionfees of BTC are 8x higher compared to BCH



32. Post 24392584 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

>100K pending transactions and BCH Hashpower 33% in the last 24h, 40% in the last 12h



33. Post 24400265 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

Kraken BTC trading at 5212€ @ ~6100$



34. Post 24405642 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

BCH gets new difficulty adjustment algorithm (as a replacement for EDA) in some days
BTC difficulty adjustment is in ~3weeks
until then mining BCH will be more profitable, currently 38.5% BCH in the last 24h

maybe the chain will freeze and we'll see an emergency pow update  Cheesy

let the war begin



35. Post 24476035 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

6k$ is broken, changed my BTC stash at 0.13-0.23 levels to BCH...funny ride

waiting for the hardfork tomorrow



36. Post 24476869 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

you were lied to in expecting that btc (core) is "bitcoin"



37. Post 24477637 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.26h):

well, off-chain solutions are senseless if i only want to send an amount to an adress one time, because i have to open a channel on-chain.
that means for simple transactions (e.g. exchange-> wallet) its completly useless.

i have no idea why the "core" developers (or what's left of them) did not just implemented fast difficulty adjustment with variable blocksizes.
no they come up with "SegWit"...and you don't need segwit to do side-chains...



38. Post 24535976 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.27h):

Quote from: Last of the V8s on November 13, 2017, 11:01:25 PM
^ blocks are back to normal.
blockchain.info
fork.lol

unrelated
https://bitcointalk.org/index.php?topic=92.0

difficulty of BCH is now adjusted every! block and smoothly. No supersonic spikes in "blocks found per hour". Important update imo so that both chains work properly (in their technical limits Wink)

so for the next week BCH will most likely be more profitable.

So get used for high fees and >100K unconfirmed transactions for a while and place your bets Wink



39. Post 24558928 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.27h):

some in this thread argue that they don't care about high fees (which are currently ridiculus) and low transaction times because Bitcoin is for them like gold
gold has some intrinsic value but bitcoin gets its value from useability and brand, while the former stagnates
what if blockstream limits blocksize increase forcibly to increase transactions fees and reward miners more?



40. Post 24804944 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.27h):

chill out, 10k$ is just a matter of days

with the upcoming forks of Bitcoin Silver, Bitcoin Diamond and Super Bitcoin the FOMO will be inevitable
and if that will not help, print more Tether!!!



41. Post 24809582 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.27h):

what do you guys think about the Tether/Bitfinex conspiracy? Where is all this money coming from? Is bitfinex just "washtrading" the price in its desired direction?
Imho price of Bitcoin at 1k$ was the result of somehow healthy grow (~$10Mio Tether), now we have 7x this price (~600Mio Tether). This might be the next MtGox.

Get rich quick 101
1. Buy BTC with real USD
2. Print Tether
3. Pump BTC with Tether
4. FOMO
5. Sell BTC for USD
6. Profit

When you understand how washtrading works you'll understand that 20Mio Tether are enough to increase MarketCap by 20Billion$.
This works as long as the price of BTC stays high. Never short Bitcoin in the current situation. This bubble (Tether out of thin air) will pop.



42. Post 24812389 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.27h):

Quote from: ragnar0k on November 18, 2017, 10:09:20 PM
what do you guys think about the Tether/Bitfinex conspiracy? Where is all this money coming from? Is bitfinex just "washtrading" the price in its desired direction?
Imho price of Bitcoin at 1k$ was the result of somehow healthy grow (~$10Mio Tether), now we have 7x this price (~600Mio Tether). This might be the next MtGox.

Get rich quick 101
1. Buy BTC with real USD
2. Print Tether
3. Pump BTC with Tether
4. FOMO
5. Sell BTC for USD
6. Profit

When you understand how washtrading works you'll understand that 20Mio Tether are enough to increase MarketCap by 20Billion$.
This works as long as the price of BTC stays high. Never short Bitcoin in the current situation. This bubble (Tether out of thin air) will pop.
How? In order to make money they would need to sell either tether or btc outside of bitfinex.
So far that has worked (obviously someone buys them at that price outside bitfinex), assuming they are not hoarding billions of btcs. And even if it explodes a la MtGox, I think we just have to deal with a short set back until the market absorbed the coins, they are not the only exchange out there.
But maybe I am oversimplifying

You cannot sell tether to fiat.
Markets are linked through e.g. margin bots.
Sure the BTC you buy at step 1) have to be moved to a "real" exchange.
Bitfinex has lost its banking support in april as far as I remember (just when the pumping started)
In order for Bitfinex to stay solvent (our somehow manage to back the tether with real dollar) the price has to climb.
There are margin lends at Bitfinex >100Mio Tether. Imagine some of that at leverage and you are the market because you can break resistances and support at will (Bitfinex "allows" washtrading)
The price moves favourable in that direction what is most profitable for bitfinex to close long/short positions (you're basically betting against the exchange)
They are not the only exchange, but that with the highest volume in BTC and tether is linked to other exchanges like Poloniex etc...even Kraken!
Its almost always the same scenario...price declines for some time...boom...tether magic out of the nowhere....fomo...slow selloff....repeat.
The bagholders are the buyers who think they got "cheap coins".
This problem is getting more and more media attention.
What do you think will happen if 2-3 exchanges close (suddenly) or you cannot withdraw anymore and people realize most of the price is thin air?
Expect price to surge to the 1000$ level when it pops...I don't know "when" but it will happen.

Because yolo, I currently only expose a little money (5% of my portfolio) to cryptorisk. Buy a little when it dips, sell a little when it bumps.

Quote from: adaseb on November 18, 2017, 10:29:54 PM
The supply of tethers keeps increasing because price of bitcoin keeps going up.

Are you kidding me? Its exactly the other way round!

Quote from: adaseb on November 18, 2017, 10:29:54 PM
20 Million these days is nothing. Its mostly from old adopters that sell their BTC whenever a new ATH is made.

20 Mio Tether != 20 Mio increase in marketcap. Marketcap means nothing because you can't sell all Bitcoins in circulation at ~7700$!
20 Mio Tether including leverage and in a single hand can make extremle pressure. You can climb the price scale at will when real! volume is low.



43. Post 24869936 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.28h):

just after 30Mio Tether leave the boat, price bumps  Cheesy

never short bitcoin! at the current moment



44. Post 24937341 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.28h):

imo tether wasn't hacked. They just want to hide the fact that they are printing tethers out of thin air (their ledger was negative).
600Mio tether were used since april to pump the market.

Can't predict whats happening next...might fomo buy BTC because everyone wants to get rid of tethers but then maybe freefall to 3K$



45. Post 25082450 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.28h):

imo better in almost every aspect than bitcoin but it will never reach public adoption because of its "private features" - look at the number of devs supporting monero in comparison to "core"  Wink
bitcoin is that fat one night stand you keep on meeting, because you hope you get to know her hot girlfriend monero better



46. Post 25083361 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.28h):

Monero is a bit more than "mixing"  Wink ...hell...bitcoins aren't even fungible

privacy should be default or non-existent at all...thats the problem with dash



47. Post 25100385 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.28h):

154Mill Tether (margin market) on Bitfinex...prepare  Grin



48. Post 25107846 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.28h):

Maybe tether-magic today is meant for shorting  Grin #theflippening



49. Post 25330585 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.29h):

I usually buy bitcoin in little bags and sell the bags when i make enough profit out of them
I just noticed that this is nonsense since Bitcoin doesnt fall in price for more than 24h anymore

hell my stocks are more volatile than this

starting to invest my money in more safe assets: bitcoin  Grin



50. Post 25370183 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.29h):

Kraken@9750$  Huh



51. Post 25446798 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.29h):

Bitcoin declines, >85K unconfirmed transactions, 25M Tethers printed today...i'd say moon  Kiss



52. Post 25447736 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.29h):

someone is massively dumping on gdax



53. Post 25448972 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.29h):

Quote from: UnDerDoG81 on November 29, 2017, 07:45:26 PM
Gox all over again? Same pattern, same ATH.

Hm i thought we would see a more massive pump bevor goxxing



54. Post 25456904 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.29h):

Quote from: vroom on November 29, 2017, 10:32:22 PM
successfully dumped christmas end-of-year bonus to buy more bitcoin  Grin

edit: now prepare for a big dip! Smiley

we'll dive under 10k$ for sure in the next hours  Wink



55. Post 25458763 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.29h):

long positions got liquidated on bitfinex for ridiculus low prices, shady exchange



56. Post 25502564 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.30h):

GDAX with nearly 5% premium in EUR/BTC wtf



57. Post 25711385 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.30h):

Quote from: jbreher on December 04, 2017, 09:06:56 AM
Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o
We'll conveniently ignore that one  Wink .

What did i miss? What is a "Bitcoin Tab"?

Ignore it.  It’s just Bcash shilling.   

Huh?

I what way can a clear statement by Adam Back -- CEO of Blockstream -- be construed as "Bcash shilling"?

Huh?

Not only that, even Blockstream Core developers advocate to use LTC or Dash for transactions, its hilarious
Bitcoins best days are over, currently average joe is jumping on the wagon (not understanding anything of its limitations) so i'll expect a max 2x increase by 2018



58. Post 25876315 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.31h):

When the FOMO starts GDAX is always heading by a large step, currently:
Kraken: 11300€, GDAX: 11927€  Shocked



59. Post 25877663 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.31h):

BTC is no longer accepted on Steam 'cause of high-fees and unstable price



60. Post 25881323 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.31h):

Quote from: sirazimuth on December 06, 2017, 11:05:55 PM
breaking news...Nicehash got hacked..funds stolen

 old news is old



61. Post 25892019 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.31h):

>100K unconfirmed transactions

waiting for #theflippening  Embarrassed



62. Post 25922068 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.31h):

Either big institutions are buying on GDAX (too short later) or Average Joy is just too dumb to use another exchange, price premium ~10%  Shocked



63. Post 25922516 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.31h):

Quote from: milkshock100 on December 07, 2017, 03:24:03 PM
Either big institutions are buying on GDAX (too short later) or Average Joy is just too dumb to use another exchange, price premium ~10%  Shocked

to short later? if so thats an enormous gamble on their part, and one which could easily backfire spectacularly.

maybe I'm viewing things too simple but
1: accumulate "cheap coins" (>1 Mrd$) (i observed the GDAX premium behavior in both directions since ~1 month, whales testing sensitivity of the market?)
2: buy short future contract
3: dump all the coins
4. profit



64. Post 25923646 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.31h):

if this goes on, altcoins will be worthless in 1 week
its like watching a race car right before the crash  Tongue



65. Post 25995251 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.31h):

Quote from: Torque on December 08, 2017, 09:21:58 PM
Remember kids:

Futures whale traders that need more supply will gladly short bitcoin and pump the alts to entice you to part with your btc.  Wink

can't ignore current alt-prices are inviting  Cheesy



66. Post 25995440 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.31h):

Personally I (still) have no luck in alt-coin trading. You can't predict the low and overall (since the alt-coin pump in march) their value is mostly declining (except maybe monero, dash etc)
Betted on LTC not going under 0.010 BTC...and here we are
Betted on BCH not going under 0.15 BTC...and here we are



67. Post 26041975 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.31h):

let's test that 10K$ support line  Cheesy



68. Post 26042694 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.31h):




69. Post 26083906 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.32h):

that GDAX fomo buying with a 5% premium just irritates me

bitcoin.de: 12100€, kraken: 12400€, gdax: 13200€



70. Post 26396377 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.32h):

so lets assume BTC hits 1mill$ someday and LN is there to save us, do i have to pay 2000$ to open a channel?

tether



71. Post 26592911 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.33h):

its altcoin season you know, because in its current state btc is unusable! in what intellectual bubble are you guys chilling? going long on mempool?



72. Post 26624898 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.33h):

Quote from: somac. on December 19, 2017, 08:47:08 PM
What the hell, I wake up and BTC is down to the 17s and all the alts are up. What happened?

>200k unconfirmed transactions, 25$ transaction fees if you want to have it done under 1 week
do the math  Roll Eyes



73. Post 26625634 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.33h):

Quote from: podyx on December 19, 2017, 08:54:42 PM
"The demand is high, that must mean the demand is low"

come on, it wouldn't hurt anybody to up the blocksize to 2mb to give us some time, this centralization argument is nonsense
any argument against bigger blocks can be destroyed with techniques like graphene (x100 block compression)
segwit ist fucking complicated to be implemented by exchanges in the foreseeable future and LN comes in 18 month™
and even with LN and current demand, how much do you want to pay to open a channel?

let the market decide  Tongue



74. Post 26670092 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.33h):

Charlie Lee is an evil genius
changed 5 lines in BTC code, added 100 new for POW, waited some years, 100 mill. $ rich  Cheesy



75. Post 26680337 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

all this "attack" talk is so hilarious and /r/bitcoin is pure comedy
its like amd vs. nvidia and all the evil plans  Cheesy - will never understand such blatantly blinded people

but well, i made 0.5 BCH today, for free  Smiley



76. Post 26731560 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

Quote from: AlcoHoDL on December 21, 2017, 03:39:49 PM
Looking forward to the next upward surge, which I sense will come VERY soon, it will be BIG, and it will be the new FLOOR for next year's rally to conquer 6-digit-land!

Keep telling yourself that an (currently) unuseable asset will do an upward surge

Quick find more fools who believe in HODL and CHEAP COINZ, all the indian taxi drivers are already invested



77. Post 26732472 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

Quote from: Searing on December 21, 2017, 03:59:19 PM
I sense 'bitterness' of the flavor of 'missed boats' ...

Well i HODL, but only profits...in the current situation I will not let my hard earned money be "at risk"
Hell, i got 0.5 BCH yesterday for free...it should be all for the fun in the game of greater fools Wink



78. Post 26736897 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

so much buying power, much resistance, wow



79. Post 26737197 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

Quote from: Rosewater Foundation on December 21, 2017, 05:36:39 PM
Who knew??

Don't be naive  Roll Eyes
1 Billion Tether+Bitfinex and the continuous FUD about it, Charlie Lee cashing out, completly congested network because of the same old tech since 8 years



80. Post 26737666 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

Today I read a newsline that the share of an ice tea firm raised by 500% because they added the word "blockchain" to their name
This time its different but i sold yesterday anyway



81. Post 26738423 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

12000€=14200$ on on a local P2P exchange



82. Post 26741950 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

10750€=12700$ on a local exchange (11100€ Kraken)



83. Post 26743749 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

Quote from: Gab0 on December 21, 2017, 07:59:45 PM


Fees Up / Price Down  Undecided

so only "the rich" can cash-out if they want?



84. Post 26764537 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

8700€=~10300$ on GDAX



85. Post 26764794 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

Quote from: NUFCrichard on December 22, 2017, 07:08:32 AM
it's too damn expensive to transfer to dump!

haha all the indian taxi drivers are now the bag holders




86. Post 26766546 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

GDAX order books must be thin as paper...jumping from 8600 to 11200 in literally minutes



87. Post 26776497 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

Quote from: luckygenough56 on December 22, 2017, 11:37:02 AM
Unless there's huge news in 2018 HuhHuh

ATH in Satoshis/Byte, come on, you have to believe  Cheesy



88. Post 26783834 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

Quote from: svdleer on December 22, 2017, 02:10:05 PM
All coins are pushed down massive.




89. Post 26784133 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

Quote from: RayX12 on December 22, 2017, 02:15:23 PM
BUY THE BLOOD!

Nobodys buying  Cheesy



90. Post 26784476 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

Quote from: _javier_ on December 22, 2017, 02:19:53 PM
i havent sold at 18k or 19k.. why would i sell at 11k?? no way. They will not have my coins.

Who is "they" and why would anybody want your coins? Its like praying at a stone (bitcoin currently)
and telling everybody its worth more than the market decides, everybody who bought > 3000$ bought into a pump



91. Post 26801045 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

Quote from: Raja_MBZ on December 22, 2017, 08:05:08 PM
But man, take my advice and buy right now, time like this shouldn't be missed!

I am not the brightest shill but why should I pay more than last year on an asset that works worse than last year?  Roll Eyes



92. Post 26803280 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

my projection is that currently many are sitting on tether...thus, the price will someday skyrocket one more time *wild guess*



93. Post 26806783 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.34h):

you know when GDAX is (as always) ~8% ahead the FOMO starts and the plebs stress their credit cards because CHEAP COINZ



94. Post 26874800 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.35h):

Quote from: TERA2 on December 24, 2017, 09:48:18 AM
Something goxy is happening on Finex.

there is something shady with GDAX/Bitfinex, >10% price difference?



95. Post 26876907 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.35h):

Quote from: BayAreaCoins on December 24, 2017, 10:44:09 AM
Why is Bitcoin price going down in price?  It's clearly the future with an average of $40 transaction fees... lots of confidence in the market I'd say.

<emote of a gif killing itself>

you have to buy them CHEAP COINZ, don't you know



96. Post 26877146 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.35h):

all the hot tether air escaping, expect many more little ups and bigger downs the next weeks

but go on, play your new ATH in Jan game  Roll Eyes



97. Post 26877574 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.35h):

Quote from: ChrisPop on December 24, 2017, 11:03:22 AM
Stay tuned guys. A bounce is imminent

Am reading this since 4 days  Cheesy



98. Post 26877734 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.35h):

prepare for a dump....



99. Post 26900839 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.35h):

Quote from: jbreher on December 24, 2017, 07:27:05 PM
I think many of us overestimated its development status when -almost half a year ago- thought it be the final push into mainstream readiness for Bitcoin.

We tried to tell you... and were soundly excoriated for it.

Quote
At the same time, maybe also underestimated the rate of new users/investors that were to come in the following months.

We tried to...


Ok, you sure have a point there. But you guys are wrong in that *just* a blocksize increase is an scalable solution. It isn't.

You are going to have to do better than a simple assertion.

The only serious investigation into the matter has proven that your average 'home' computer today can handle a simple block size increase that will net us about 100 tx/s. And with a fix to core's crappy multithreading design, can handle block size increase up to about 500 tx/s. And that is without looking for other sw architecture improvements.

How many years' worth of simple blocksize scaling do you think that will net us? Even if only one (as if), that would immediately eliminate the blockapocalypse. We don't know whether or not that would be sufficient for Moore's Theory to carry us the rest of the way to ubiquity. But it would at least provide time for LN to mature, and solve today's (and tomorrow's) pressing issues.

Core is either completely deluded in terms of economics and game theory, or they have a different goal than has publicly divulged. In the end, it matters not which of these two postulates is the correct one. Either way, you've all been led asunder.

Quote
And that's from a tech side... from a "marketing" perspective... Do you really think trying to destroy confidence in the main cryptocurrency as a store of value would do any good in the long run trust over *ANY* cryptocurrencies?

(stuff about a clearly inapplicable analogy deleted)

How much confidence destroying is going on with the current situation? If we would have had a block increase, we would not be in backpedaling apology mode. Especially in so public a manner. Rip the bandage off already.





100. Post 26949042 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.35h):

yeah we all know that countless upcoming forks of suspicious chinese one man armies are the only way bitcoin can retain its "value"




101. Post 26956814 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.35h):

Quote from: ragnar0k on December 25, 2017, 11:11:13 PM
The core team, unlike the tree or two people calling the shots for bcash, are hundreds of developers working for *free* vs just a handful. You speak in total disrespect of opensource as such...

Thats where you're wrong kiddo. Look at the github and filter those developers which did more than 1 commit and did not just changed a typo...you're left with basically 5-10 persons



102. Post 26957213 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.35h):

Quote from: ragnar0k on December 25, 2017, 11:26:06 PM
The core team, unlike the tree or two people calling the shots for bcash, are hundreds of developers working for *free* vs just a handful. You speak in total disrespect of opensource as such...

Thats where you're wrong kiddo. Look at the github and filter those developers which did more than 1 commit and did not just changed a typo...you're left with basically 5-10 persons

You just dig your own grave here...
Here are the btc contributors:
https://github.com/bitcoin/bitcoin/graphs/contributors
...And here the bch contributors:
https://github.com/Bitcoin-ABC/bitcoin-abc/graphs/contributors

You might notice that the top contributors are taken over from BTC... That is because they forked.
I can't be arsed to go through which contributor changed, but seems pretty obvious to me that BCH is based mostly on the code written by "incompetent" BTC developers and very little code I can see written by the BCH team...

I have no idea why you guys keep on comparing BTC/BCH like a neverending narrative
I just said, that you have 5-10 developers on core and that the security i.e. mining is as centralized as it can get. Get over it. I don't care about BCH.



103. Post 27089136 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.35h):

saved my btc by converting to xrp  Tongue



104. Post 27145837 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.36h):

why don't you all just accept our fate that a fully decentralized crypto-currency is not possible
so, we'll somehow end where we started...

buy ripple  Cheesy



105. Post 27176806 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.36h):

Quote from: HairyMaclairy on December 29, 2017, 08:56:52 PM
It’s up 50% today and this isn’t a pump, it’s organic growth !  Cheesy

BTC at 1000$ was organic, the rest was pure pump&dump, don't be naive
Every! time BTC was declining there was a massive pump out of a sudden (tether?!) and it went on for days

7tx/s, 25$ fees and 8 year old tech are history old man, the future is now and the market has decided

or just ride the wave if you are a believer, i'm just playing around and made 50% more btc in the last two days



106. Post 27192327 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.36h):

38% marketshare, it was a honor serving with you guys  Cheesy



107. Post 27364019 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.36h):

wow totally natural non washtraded price increase  Cheesy



108. Post 27408203 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.36h):

as long as the network congestion/high-fees aren't resolved, bitcoin will not move anywhere - currently ripple does up to 1500tx/s with low-fees
btc and eth are currently mostly gateway coins
premined does not mean "not decentralized", IOTA and Cardano have interesting concepts
let alone the fact that botcoin and his brother buttcoin are also centralized through China-SHA256 and extremly resource hungry
who do you think will own the master-nodes for LN?  Roll Eyes

the problem is the distribution of the coins for the premined projects, i guess the creators have the most, but that is also a problem with btc and early adopters

currently btc can't cope with much more new users - a price of 50k$ is not justified
will you pay 100$ transaction fee? - i wanted to buy some cardano and converted my btc to eth before transaction

inb4 ripple shiller: i sold my stash at 20ct  Cheesy



109. Post 27531080 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.37h):

I'm always amazed by the price devlopement, look at the KRW chart of BTC, 10% pump (washtrading) in 2h.
The pump in KRW is already gone but still alive in USD. Somehow i feel better that i don't have any real money invested...just playing around



110. Post 27716756 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.37h):

Quote from: conspirosphere.tk on January 08, 2018, 02:39:41 PM
There is some huge manipulation going on and it wont end good.

As much as I can remember when btc crash alts crash harder most of the times.
To me it seems that alts pump mostly when the btc action gets boring.




111. Post 27717166 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.37h):

i still don't understand how a market (that big) moves simultaneously with some small exceptions
looks like prices are a complete manipulated mess



112. Post 28238438 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.38h):

Quote from: Romanknickl on January 16, 2018, 08:51:13 AM
I agree!
We have reached the bottom.
double bottom.
great time to fill the bags.
The price is just dropping caused of the bad news.
If the panic is over, the price will recover VERY FAST!
I bought in before it's too late! Grin

like at 15k$,14k$,13k$ and 12k$?

you circle-jerks amuse me



113. Post 28288241 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.38h):

Print more tethers  Angry



114. Post 28321162 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.38h):

Quote from: serveria.com on January 17, 2018, 11:22:20 AM
Just chill now - remember the Masterluc prediction: 2 weeks of this 9-10k dump then back to a massive 40k-110k pump! Getting rid of all the weak hands now!

stop lickin' those toads



115. Post 28329345 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.38h):

so transaction fees have actually halved  Lips sealed



116. Post 28330325 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.38h):

i mean in $  Wink



117. Post 28334659 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.38h):

Quote from: BlackMambaPH on January 17, 2018, 02:45:50 PM
look out for the multi million buy walls getting placed now  Roll Eyes


20 k tommorow  Cool

You're giving me some hope to still hodl my bitcoin. But I'm still in the situation that scared in lost income.

Imagine that I brought at 14K per bitcoin and now 9K per bitcoin sound scary right.

A clever gambler slices in and slices out, thats why i sold halve of my stash yesterday...better save than sorry



118. Post 28340519 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.39h):

Quote from: Torque on January 17, 2018, 04:15:06 PM
Just think of a bitcoin like a used car that you're getting shit offers for, but you know that it's worth way more.

Q: $14k? $12k? $10k? $8k?
A: Nope

Good that we both agree here, that BTC should be at 1000$, the value at which it was useable as a P2P-currency



119. Post 28520401 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.39h):

400M Tether in 4 days?




120. Post 28764131 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.39h):

Quote from: d_eddie on January 23, 2018, 04:27:41 PM
11k broken. First sign of life or a passing illusion?

BTC dips (again) below 10k$...10min later...100M$ Tether printed...price rices unnaturally by ~10% within minutes...can't explain that



121. Post 28764374 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.39h):

yep, when it goes up...it's natural...when it goes down its manipulation and FUD



122. Post 28764940 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.39h):

Quote from: mindrust on January 23, 2018, 04:40:43 PM
11k broken. First sign of life or a passing illusion?

BTC dips (again) below 10k$...10min later...100M$ Tether printed...price rices unnaturally by ~10% within minutes...can't explain that

Tether isn't a problem. All dollar bills printed have nothing backing them. There doesn't exist a single bank that could pay fiat to their customers if they all demanded it at once.

The lack of reserves is hardly a concern, since prices are dropping due to wall street manipulators trying to make their shorts work as best as they can.


^ What he said.

If wallstreet banksters can print as many FIAT as they needed, why can't bitfinex do the same to counter them?  Grin

If they print money to keep the btc price low, then we print tether and buy more bitcoins. Get rekt.

so you bitcoiners admit its a scam just to keep your greed driving...



123. Post 28765154 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.39h):

Quote from: mindrust on January 23, 2018, 04:46:10 PM
If they print money to keep the btc price low, then we print tether and buy more bitcoins. Get rekt.

That becomes a problem though the minute everyone wants to get out for real fiat.

Fractional reserve bitcoin market == bad.

That's the beauty of bitcoin. It is easy to enter but hard to get out.

Many people are afraid to get out because of the paper work waiting for them. (or the questions from the FEDs)

so you just hope that nobody is going to redeem the tethers for real USD? ... that might happen faster than you think, especially when price will go lower than 10k$



124. Post 28765471 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.39h):

Quote from: d_eddie on January 23, 2018, 04:48:24 PM
What are you doing here

i told people here to cash out at 12k$, which i did...mostly...still some shitcoins on binance

Quote from: mindrust
I wish it happened right now. I would collect those sweet cheap coins.

when that happens, people will panic and buy as much coins as possible to transfer them to "real" exchanges...the results will be hilarious



125. Post 28771582 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.39h):

Quote from: mindrust on January 23, 2018, 06:15:55 PM
I think that's not exactly what GoX did. As far as i know there wasn't any tethers around at that time.

That's what they did - federal reserve banking including massive price manipulation through bots



126. Post 28813959 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

Quote from: HairyMaclairy on January 24, 2018, 10:44:48 AM
Hash rate is also up significantly.  Could this alone bring down the mem pool?


unlimited image hosting

tx/block went down 30% and ~20% too fast mining over the last 7 days



127. Post 28814505 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):




128. Post 28905566 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

not looking good  Tongue
USDT/USD Pair on Kraken




129. Post 28907932 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

Quote from: pops87 on January 25, 2018, 04:05:01 PM
Here is bittrex

You don't seem to understand what i was posting - kraken.com is the only exchange where you can convert USDT into USD - Bittrex only allows USDT



130. Post 28953973 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

Quote from: ivomm on January 26, 2018, 09:17:09 AM
What if by the end of the year BTC hits 50K or even 100K $




131. Post 29073815 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

Quote from: bones261 on January 28, 2018, 12:50:44 AM
Can anyone give me a hint why GDAX has been the bearish exchange the last couple of days? Could this be a signal that many of their users are making their exit via fiat? Coinbase can be a rather convenient way to do this.

Tether Confirms Its Relationship With Auditor Has 'Dissolved'

250$ Premium on Bitfinex means, People selling USDT for Coins, not necessarily trying to sell for USD but mostly doing so. USDT/USD on Kraken also trades already with 1% loss. Look at the cumulative volume on kraken  Cheesy
There could be funny divergences in the next days. Like 15k$ on Bitfinex and 12k$ on GDAX. Then you'll know that the shit hits the fan.



132. Post 29082493 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

Quote from: greensheep on January 28, 2018, 06:38:45 AM
Hmmm let’s watch the Kraken USD USDT pair closely.  This may explain BFX rally.

It is fairly obvious that if Bitfinex fired the auditor, they would have said so.  Accordingly we have to assume the auditor has quit. Which probably means Tether has gone bad.  Hang onto your pants boys and girls - this could get a little volatile.

so coinbase manipuating, bitfinex printing tethers... blah
What happens with bitfinex when the tether thingie comes out --> ?? --> it's a major exchange ...

Kraken is getting into USDT Huh why?

Oh god why are not understanding this  Huh
People are rushing to the exit of Tether. They buy all the coinz on tether exchanges because nobody will be the one holding the tether-bags.
So in the end: Tether-exhanges will have a massive! premium to non-tether exchanges.



133. Post 29102699 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

Quote from: fabiorem on January 28, 2018, 01:47:28 PM
The difference between Mt.Gox and Bitfinex is that, at that time, bitcoin had few use cases, and few exchanges, whereas now, is much more widespread, with lots of use cases and exchanges (there are even people using it to buy cars and houses).

So a Bitfinex scandal would not affect the price as much as Mt.Gox did.


Its not about bitfinex, its about tether. Count the number of exchanges with real! USD support - Coinbase, Bitstamp, Gemini and Kraken - thats it.
Now imagine "the market" realizes that there are 2.2Billion worthless "USD" in the system, which where used to pump up the price from 1k$ to 20k$.
Somebody will be the bagholder for those 2.2Billion.



134. Post 29254546 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

some of you seem to suffer from some form of cognitive dissonance
what is cheap? what is expensive? only because we reached 20k$ doesn't mean 10k$ is cheap in comparison, if that price was reached through fraudulent activities.
You just have that anchor of "20k$" which serves as a basis of price evaluation.

Don't forget that the bitcoin engine has to be filled by about 10 Million $ every fucking day to keep the price stable!





135. Post 29259084 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

hold your butts

Bloomberg: Crypto exchange Bitfinex, tether said to get subpoenaed by CFTC



136. Post 29259209 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):




137. Post 29259731 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

Bloomberg: U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether



138. Post 29261592 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

Quote from: fabiorem on January 30, 2018, 06:40:31 PM
Tether is only 2.3 billion in a market of more than 500 billion.

Think about it for a minute.

Think about 2.3 Billion of liquidity is going to be removed from 10 billion...
Think about that 20 Million $ can move the market by 5-10%, then a 2.3 Billion Market order (in the worst case) will move bitcoin where?



139. Post 29262119 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

Quote from: AlexGR on January 30, 2018, 06:51:19 PM
Tether might be a scam, quick sell your bitcoin for Tether! /bitfinexTraders

That's what I was about to comment. I mean if Tether has a problem, the rational thing is to dump tether => buy bitcoins => exit the exchange asap.

Obviously, demand for bitcoins should move btc price up as tether is dumped.

People are in tether to avoid bitcoin. So a rational gambler would indeed buy bitcoins but would dump them later for cash.



140. Post 29269871 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

Quote from: fabiorem on January 30, 2018, 08:58:26 PM
So, 500 billion dollars would be withdraw in a single day.

You aren't THAT dump? A 500 Billion MarketCap doesn't mean you can sell all the coinz for 500 Billion  Cheesy
A 2 Billion cashout would crash the market to the bottom



141. Post 29274312 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.40h):

is it true that withdrawals are disabled on bitfinex?



142. Post 29358313 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

The New York Times: Worries Grow That the Price of Bitcoin Is Being Propped Up



143. Post 29380329 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

Quote from: Enjel on February 01, 2018, 12:23:38 PM
I understand this.

You clearly do not  Cheesy



144. Post 29380784 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

Quote from: Enjel on February 01, 2018, 12:29:32 PM
I understand this.

You clearly do not  Cheesy

You clearly don't Cheesy

Draw an extrapolation. I've done this, and if 2 billion USD were suddenly dumped (say Tether value is 0) then the price would probably decrease by about 10%.

Anyone claiming 30% or higher is a FUDster, trying to get cheap coins or blow something out of proportion.

Seems to be working, sadly.

We've seen in the last 3 weeks that 15-20 Million $ are enough to move the market by 7-10%. Look at the past "pumps" at 10k$ and the needed volume.
Dumping 2 Billion would crash BTC to 3 digits...



145. Post 29382952 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

Quote from: Enjel on February 01, 2018, 12:41:19 PM
Check out GDAX. 2% of the volume (just to be generous). Right now 70 million USD of BTC can be sold down to 7000 USD/BTC.

correct

Quote
Multiply that by about 50, and you get 3.5 billion USD of Bitcoin, more than 2 billion.

No it doesn't work that way. There are 1-2 leading exchanges and the rest follows through arbitrage. If Bitfinex or GDAX dumps hard, every exchange would dump.



146. Post 29401713 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

Quote from: BobLawblaw on February 01, 2018, 05:50:19 PM
HODL on, HODLers. We're heading into very choppy waters today by the looks of it.

Yeah HODL while I SODL  Cheesy



147. Post 29402358 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

Quote from: markj113 on February 01, 2018, 05:56:29 PM
All the HODL idiots should be forced to post a signed wallet message showing exactly how much of their own skin they have in the game.

I am sure for most it will be insignificant pocket money levels.



I am poor again  Angry



148. Post 29406470 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

*boom*



149. Post 29408218 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

haha 600 buy wall disappeared  Cheesy



150. Post 29408570 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

Quote from: FractalUniverse on February 01, 2018, 07:56:27 PM
big volume around 9k on finex. this will be interesting whether it can hold or not

bs thats likely fraud...you can even buy it on binance cheaper with tether
i just watched the exchange and it just haltet at 9000$ with amount: 0



151. Post 29408859 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

the real cash exchanges lead the drop GAX and bitstamp: 8700$, kraken: 6900€

but there's likely some arbitrage going on between all of them, look at the tether-bot at kraken, its the biggest scam in crypto ever, and its unfolding



152. Post 29409275 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

 Cheesy its getting ridiculous

bitfinex: 9010$, gdax: 8600$



153. Post 29409820 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

Quote from: conspirosphere.tk on February 01, 2018, 08:13:55 PM
That could be read as a run on Tethers -on finex because there it pays best in btc.

The kraken usdt honey pot is almost empty  Tongue



154. Post 29410632 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

Quote from: Dakustaking76 on February 01, 2018, 08:32:39 PM
There we go guys bottom on kraken was 6700€ were rising now!

This is just finex playing games in thin orderbooks...it went from 8900 to 9300 in seconds...this is no market



155. Post 29431001 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

if you look at bitfinex you saw (massive) walls of 500-600 BTC at 9000$ and 8750$. When the walls start to get eaten they magically disappear  Cheesy
talk about buying time  Grin



156. Post 29448011 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.41h):

Quote from: PaivanTreidi on February 02, 2018, 11:35:18 AM
correction : realistic predictions are welcome, backed by logic or a bit of fact if possible

That buy wall on gdax makes me think 8k holding is perfectly realistic. We might stay between 8k and 8.5 for while. Once 8 has been tested for long enough and has held the bulls will wake up again. This is mainly FUD in my retard opinion.  

you're stupid...this walls get removed the moment someone sells into them, oldest trick ever

7960$ on GDAX  Kiss - you're welcome



157. Post 29610730 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.42h):

ok,ok i'm repeatin' myself, but could you please buy the dip, because...hm...last time cheap coinz, you know



158. Post 29658110 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.42h):

Quote from: _javier_ on February 05, 2018, 02:51:17 PM
I΄ve lost so much, that i dont care to lose the rest..  FU bears!

That happens when you throw your money in a pyramid scheme in the hope to get-rich-quick
Somebody has to hold the bags for the "early investors"




159. Post 29659046 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.42h):

Quote from: Torque on February 05, 2018, 02:58:18 PM
How did you earn so many merits with your stupidity? Did you make accounts just to give some to yourself?

I know the feels when your gains are practically reduced to one third, i lost 100 bucks  Angry




160. Post 29768316 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.42h):

is bitfinex insolvent?




161. Post 30848280 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.45h):

Quote from: BobLawblaw on February 22, 2018, 05:30:37 PM
Here we go again next stop 9k

Like I said, I'm buying drinks for the thread if we see it touch the $8k's again this year.

Too much resistance down to $9k.

I don't see it happening.

Beer-filled gut-bacteria tells me things will even out around $9.5k before resuming upward momentum.

you mean that fake walls of 300BTC that just keep disappearing  Cheesy

down we go



162. Post 30848810 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.45h):

Quote from: BobLawblaw on February 22, 2018, 05:38:35 PM
you mean that fake walls of 300BTC that just keep disappearing  Cheesy

Hey.

Friend.

I'm not sure what your deal is, yo, but my chocolate starfish could use a good tongue-banging.

You down ?

Ima go take a nap, because, like, you're harshing my mellow, man.

Haha, you're the one who kept telling people to HODL while you sold parts of your stash Kiss



163. Post 31011973 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.45h):

yeah and bitmain is getting fucking rich with it, heaving more revenue than nvidia

gold rush - shovels  Tongue



164. Post 31827911 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.47h):

Quote from: HairyMaclairy on March 08, 2018, 05:20:11 AM
165k is less than 1% of supply.  If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.  

that just shows how shallow the market is

if less than 1% of supply can push the price ~70% down, one might wonder what happens if 2-3 whales just cash out, that can happen every day  Tongue



165. Post 31971100 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.47h):

Quote from: BTCMILLIONAIRE on March 10, 2018, 07:36:34 AM
Then Bitcorns came around and just obliterated the need of a job under a massive snowball.

 Cheesy look at you - here i fixed it for you "snowball-system"

so basically you're just a useless member of society and hoping to sell your bunch of 0 and 1s for more than what you've paid for



166. Post 31972451 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.47h):

Quote from: conspirosphere.tk on March 10, 2018, 08:27:23 AM
Fuck society. I did not came in the world to serve others. And yes, bitcoin is about money.

someone has to work for your food and shelter, well but maybe you're lucky and find some idiot to do it for you
ah and i forgot, in the end, whenever that may be, you all want to cash out to that filthy fiat

Quote from: 600watt on March 10, 2018, 08:29:58 AM
what is the real life use case for

BTC? i thought we just HODL it to the moon without spending it?



167. Post 32305572 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.48h):

Quote from: blacky90 on March 14, 2018, 03:56:49 PM
last time buy cheap btc  before moon?

yes, last time below 10k$
here hold my bags



168. Post 32306470 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.48h):

Quote from: Globb0 on March 14, 2018, 04:13:33 PM
I still just find it hilarious how all the sheeple keep telling me bitcoin is crashed and burned.

Yet it is at 10x of a year ago.

Mouth open, eyes and minds closed!

Lucky for you, you got relatively early in the pyramid

it won't be 10x from today in 1 year



169. Post 32312089 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.48h):

Quote from: 600watt on March 14, 2018, 05:28:06 PM
anyone issues with kraken right now? I get all kinds of stupid errors when tryin to log in.  Roll Eyes

kraken knows, whats good for you

HODL!



170. Post 32492758 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.48h):

the price is a shitshow of manipulation

trade flat - pump it 500$ - trade flat - dump it again



171. Post 32492883 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.48h):

thats the spirit

market declines - go short - bitfinex pumps - get rekt
market increases  - go long - bitfinex dumps - get rekt



172. Post 32531388 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.48h):

Quote from: lingwistiko on March 17, 2018, 03:49:17 PM
I really feel so pathetic when bitcoin's price go down but i don't have money left to buy some. I am just hodling my bitcoin which i bought at 12,000$ last year and really wanted to add more.

That will be a loooooong HODL   Cheesy



173. Post 32617645 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.49h):

as BTC failed as a P2P currency the circlejerks proposed to use it a store of value  Cheesy
fantastic, how long do i have to HODL my fiat until inflation its up 70% of its value?



174. Post 32676327 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.49h):

 Cheesy totally organic growth through exactly two! washtraded pumps

take your guesses, when will it dump? i expect 9k$



175. Post 32677824 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.49h):

Quote from: fragout on March 19, 2018, 02:19:48 PM
Depends on the news from Argentina today and tomorrow Or maybe someone already knows its good and is getting in early Or maybe someone knows its bad and is pumping

No these evil bankster loading up cheap coinz!!!  Shocked

Look at bitfinex - large buy-walls - bots place their orders before it - price climbs - you can't explain that

1.5k$ decline in one week - 1k$ increase in 1 day - only in buttcoin



176. Post 32729578 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.49h):

Quote from: Biodom on March 20, 2018, 02:53:46 AM
Without fresh money to pay off old holders the price cannot continue to rise.

That would have been a pyramid scheme, which bitcoin is absolutely not.

Bitcoin roughly follows Metcalf's law:
"The value of a .... network is proportional to the square of the number of connected users of the system (n2)."

Therefore, to increase in value 1000fold, you only need to increase the number of users about 31.6 fold.
I doubt that there are 30 mil active bitcoin users, but even if there are, 900mil out of 7bil is a possibility (eventually).
I think that someone projected $2-5mil btc with about 400mil active users.

BS - metcalf's law is about efficiency - and we all know how Bitcoin behaves with more users

Bluebits is right - its a pyramid and unsustainable through itself - there has to be a constant! inflow of money to keep the price on point! - absurd - If everyone HODLs price will decline
There's even that MtGox study which shows that without blatant manipulation price almost always declines. And this is what we are seeing the whole time.
Price declines - pump it up through wash-trading, spoofing, tethers - price declines - repeat



177. Post 32733708 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.49h):

Quote from: ccminer.net on March 20, 2018, 08:01:30 AM
Expecting new dump anytime and it will be epic

No, we're going to 9k$ first - you've to give them bitcoiners at least a bit of hope



178. Post 32782072 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.49h):

Quote from: bitserve on March 20, 2018, 08:13:32 PM
Smiley

WHo knows, maybe there were a few whales looking to buy in the auction and, when they didn't win, decided to source them from elsewhere. Plausible?

Front running by insiders by knowing that 300Mio$ Tethers will be printed - price increased - you can't explain that
300Mio$ Tether will be used to pump BTC to 11k$ - you can't explain that

 Cheesy



179. Post 33209151 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.49h):

hurry up, last time to buy bitcoin above 8000



180. Post 33209760 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.49h):

Quote from: rafanadal on March 26, 2018, 12:16:46 PM
U mean sell?

forget the /s   Tongue



181. Post 33233248 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.49h):

Quote from: Torque on March 26, 2018, 06:07:15 PM


stop comparing an actual company with your magic funbux tokens nobody cares about



182. Post 33306037 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.50h):

aaaand the hopes are crushed...again  Cheesy



183. Post 34131025 (copy this link) (by Lopumbo) (scraped on 2020-04-04_Sat_15.51h):

Quote from: serveria.com on April 07, 2018, 07:06:39 AM
Bearwhales can't seem to push the price any lower. Even FUD doesn't help much anymore. Grin Soon their resources will get exhausted and BOOM... straight to da moon!  Cool

You are a special kind of person - are you?

Nobody sits in front of a screen making trading decisions - its all computer algos
You are looking at weeks of bots hunting margin traders - what a beautiful live