All posts made by samsonn25 in Bitcointalk.org's Wall Observer thread
1.
Post 7138255 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.50h):
I see an EMA line near $530
2.
Post 7138788 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.50h):
Support is $530-540
The EMA trending up is a good sign though.
3.
Post 7138882 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.50h):
No, but China has the biggest BTC traders and that affects the market price. They also are the largest manufacturers of the asic chips that mine them as well.
4.
Post 7139855 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.50h):
Unlike tulip-mania the supply is limited
5.
Post 7140131 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.50h):
Was he saying us westerners don't know how to gamble too?? Like the chinese
6.
Post 7140513 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.50h):
It's how deep the candles run that matters
7.
Post 7142808 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.50h):
If you sold 5000 on bit stamp market order it would drop price on exchange to $500 or less. Let me put in my limit order to buy at $505, 450, and 400.
8.
Post 7143009 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.50h):
Obviously If you had 5000 by you can have your secretary sell them.
9.
Post 7171110 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.51h):
You only lose if you buy high and sell low.
Or sell low and buy back high.
10.
Post 7182293 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.51h):
We will test $800 by Wednesday. Ebay news is too huge to ignore for a week.
It should go $550 before $800
11.
Post 7183111 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.51h):
We will test $800 by Wednesday. Ebay news is too huge to ignore for a week.
It should go $550 before $800
Why?
Because although there is market momentum to the upside the daily ema is around this level, also it has been overbought the last 2 weeks, and the macd is leveling off and might go negative, and also since it has broken out from mid 400 level there is much greater chance it will fall back to within the ema spec before it reaches 800.
Not saying that 800 is not possible in the future.
Imho
12.
Post 7193031 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.51h):
My prediction:
sideways until 20th June (+/- 2 days)
And then up or down
13.
Post 7203869 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.51h):
Have you noticed the drop in hashrate lately.
Most likely because sales of new equipment is way down.
I suspect some mining operators are closing shop and there is not much ROI left in the game, and only the manufacturers can profit.
14.
Post 7207926 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.51h):
Have you noticed the drop in hashrate lately.
yeah, sorry about that, I had to go out of town for work, just logged in to see that one of my miners is off-line
just keep the price steady for me for a few days and when I get back I will rectify the hashrate problem... promise
Hashrate
always sometimes drops after every difficulty increase. Nothing unusual
ftfy *edit - unless by hashrate you mean the rate at which blocks are found, in which case, my apologies*
and, in other news, the hashrate is still growing, but at least the rate of growth of the growth has been negative for some time,
still waiting on Neptune release though, that should pump it up once again.
It would leave me to believe some farms are going offline as there is not much ROI left in their investment games.
They are not upgrading equipment and fewer new players are coming in.
15.
Post 7210778 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.51h):
What caused te next drop? Aren't we supposed to head up?
It dropped 10 points from 655 to 645. Noone talks about the 200 point jump from the mid 450 just 3 weeks ago.
16.
Post 7226120 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.51h):
yes. . .
17.
Post 7249263 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.52h):
Where's the arbitrage? It's still middle of the week. It's ridiculous how inefficient this market is.
not worth it yet. Fees cost 2-3$ per btc on each of exchanges, and it's only 3-4$ difference.
And also add the hassle of converting the btc to fiat and withdrawal to use or euro.
18.
Post 7260707 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.52h):
EMA $566 on the 1 day charts
19.
Post 7274296 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.52h):
EMA moving up to 573
20.
Post 7274373 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.52h):
its going to 580-600 now for sure.
nothing can stop that one dumper on stamp.
One dumper? These are 100's of idiots in total panic who are selling. What exchange are you looking at?
looking at stamp. obviously one entitiy who sells below market price ( all other exchanges ) for days/ last week.
normal rational trader wont sell below market price.
there is still no valid explanation why theree is such a gap.
I think one reason Stamp is a very important exchange is not the volume they do, but probably because the exchange is easier to change btc to Fiat. Other exchanges may have similar or higher pricing depending on the supply and demand, but like Mt Gox awhile back who consistently was 20-30% higher than other exchanges in their case because of problems putting money in and taking it out.
21.
Post 7274825 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.52h):
The LTC/BTC connection has been steadily declining from .035 to .03 to .025 to about .017 now.
22.
Post 7281397 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.52h):
Touching $575 today is a good thing the daily ema.
23.
Post 7283194 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.52h):
No advice by any means.
I think some of the posters on this board need to check out the trollbox on btc-e its funny as shit and some of the people there actually trade, not just complain about ups and downs in the market price.
Still a trollbox
24.
Post 7283716 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.52h):
Shouldnt drop below 500, if it does next major support is 430.
25.
Post 7283764 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.52h):
and some miners were hoarding mined coins to sell when the price went up
26.
Post 7288788 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.52h):
Conspiracy theorists will say insiders knew of the Expedia news and bought 1-2 weeks early. Then sold off near the peak.
27.
Post 7288965 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.52h):
Last time we were around 600s, there were 15 million in loans. This time, it is 25 million. The longs are ballooning up without reason, and I sense another Bitcoinica.
Can't it be that Bitfinex is simply getting bigger and more popular? Like Bitstamp's orderbook was getting bigger pretty fast in the wake of Gox stumbling and failing? I remember that in the past Bitfinex was always out of USD to borrow, which prevented the loans to reach new ATHs then. Maybe they're growing out of that phase now as people are getting fed up of Stamp and don't trust BTC-e.
They lend out money at high interest rates and there are enough btc gamblers that are willing to pay it so they can play in the btc casino.
28.
Post 7310081 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.53h):
Remember it was $440 last month, so still up alot.
29.
Post 7314956 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.53h):
Hashrate goes down when price is rising, now hashrate is goin up while btc price is falling.
99.5 Billion now
30.
Post 7319541 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.53h):
Getting cheaper. Cant stay this low forever.
31.
Post 7321295 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.53h):
Ema still going up. $585 now
32.
Post 7322240 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.53h):
Major major support at $400-420
33.
Post 7322402 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.53h):
Yes long term. This Has Been Established and tested many times since last year. Of course short term there are higher support levels.
34.
Post 7323040 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.53h):
I just bought some coins at $555, I think we're going up from here. If we break convincingly below 530 on Stamp I will take my losses.
You only lose If you sell lower than purchase price
35.
Post 7337077 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.53h):
EMA $589
36.
Post 7368616 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.53h):
China is still buying..
Trade in China seems to be merely arbitrage robots reacting to the Bitstamp buys and buying into static sell orders that the Chinese had set up before going to bed. I don't see significant movement in their order books yet, do you?
Evidence... not supporting... chosen hypothesis... must... ignore...
yes
37.
Post 7390924 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.53h):
EMA over $600 and rising
38.
Post 7403265 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
nice, CHILLIN
39.
Post 7428197 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
Weekend dump is early
40.
Post 7435570 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
We've just broken 600$ on huobi and getting soe volume also!
Yeah, watch how Huobi tries to go up but Stamp refuses to budge.
My theories:
1. Huobi volume really
is fake, and Stamp knows it. Thus refuses to follow such a small percentage of the market in the up direction.
2. Stamp is deliberately holding down the market, fake sell walls, etc. Probably on purpose until the SR coins are sold.
My money is more on #2, because Stamp seems to have no problem following Huobi in the
down direction.
(Although I'm still not convinced Huobi's volume is 100% accurate)On both Huobi and Bitfinex, there is leveraged trading and probably fake volume. Certainly from having watched Bitfinex and witnessed these large flash trades that come out of knowhere and register something like 247BTC @ <$3< around spot price, but has no impact at all on depth of Ask/Bid walls, I am 99% sure that Bitfinex buff their volume and that means chart indicators using Bitfinex data will be skewed and false. From having traded on Bitfinex, I am also pretty certain that a lot of stop loss farming goes on within that exchange and having once witnessed my one of my short stop loss buy orders represent the very top of the market which then plunged around $50 (I was fucking furious), I am pretty sure that the stop loss farmers are 'friends of the exchange' itself. In otherwords, Huobi and Bitfinex are hookey exchanges that just aren't to be trusted, as is BTC-e. Bitstamp for all it's annoyances and faults, is the only large Bitcoin exchange I would deem as being honest.
So without any of the fake volume, the fake wall depth which instils a false sense of confidence in traders, or any of the insider stop/limit order farming, Bitstamp is the exchange which is the most liquid, honest, and the truest representative of where Bitcoin is going. Huobi and Bitfinex are trying to break up the way against the grain of all the near term indicators because:
a) they are manipulated
b) stop loss farmers are going after risk intolerant stop loss orders
Bitstamp isn't following because the big players on there know that right now, the market needs to clean itself out a bit before further progress up the charts can be made. Not least of all, due to the maxed out over extended leverage on the large corrupt, crooked, and hookey exchanges. What whale is going to make large Bitcoin purchases only to have all these maxed out over extended longs cash out at the whales' expense?
If you look at the Bitstamp charts, clear and logical chart formations are made. Bitfinex on the the otherhand is erratic and all over the fucking shop, frequently registering these strange low volume spikes and dips.
Yes. And stop loss orders are not guaranteed, it depends on depth of buyers, and of course since they have
level 3 inside access they know where the price points are at.
41.
Post 7435768 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
Yes. And stop loss orders are not guaranteed, it depends on depth of buyers, and of course since they have level 3 inside access they know where the price points are at.
Bitfinex are a bunch of greasy thieving frog bastards, and I would gladly smack anyone of them in the mouth any day of the week, just for that one time when my short stop loss was behind a wall of about 1000 BTC one minute, then triggered on low treble digit volume the next on a final 'Fuck You' rally (that didn't happen on Stamp) before the market tanked.
But that is the unregulated Wild West world of Bitcoin for ya.
Agreed. We the company will give you more leverage so we can make more money, and will give you automatic credit line and charge high interest loan rates. alot of these exchanges have fake and low volume so thats why they make the dough through the spread and ripping off customers.
42.
Post 7441450 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
Holy shit 120 billion hashrate now
43.
Post 7450370 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
EMA $605 is above current price.
44.
Post 7456991 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
this situation reminds me about:
well... Bitcoin price is "Rebels" and "Empire" will be those who are bearish... in this case.
What will make a price go over $700?
We need to support harded! Better! Stronger!
and forever!
You would have to spend millions and millions of dollars to buy the coins people are selling under $700 to make the price go above 700
45.
Post 7457429 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
I don't see how any logical bidder would pay even close to 95% of current market value for the coins. Buyers go to auctions to buy things at discount.
46.
Post 7457515 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
I don't see how any logical bidder would pay even close to 95% of current market value for the coins. Buyers go to auctions to buy things at discount.
Every auction I've ever observed sold its wares for prices ludicrously over their market value. I think the average buyer thinks they're going to get a bargain because it's an auction. If everyone else thinks that then bargains go out the window.
I wouldn't want to make any predictions about this auction though. It's a unique happening.
These are blocks of thousands of bitcoins. The investors are not weekend garage sale hunters on a $50 budget. They want an edge of 10 20 30% off because they have cash on hand.
47.
Post 7457988 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
The price is correct now. At 660 it was way overbought and the ema was only 540.
Now ema is 605 and still trending up.
48.
Post 7458315 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
The price is fine for now, but i'll be a little worried if the price fail to rise (and stay) above $600 by July 1st.
Why it was only $420 last month. Now is $595 that is a 45% increase. And last year the price was only $80
49.
Post 7458720 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
We're in a secular bull market, looked at in a scale of months, in my opinion.
Drops will be temporary.
The problem I see with daytrading in such an environment is that you need to keep a cushion of fiat so that you can go in and out of the market.
Let's say you're an active trader and your holdings, averaged over time, net half crypto half fiat, because you're always buying and selling.
And you're competent enough that your trades come out in the black, on average.
That's not enough. You have to do more than just come out in the black on your trades; you have to beat the returns you would get by hodling.
I keep most of my stake in cold storage, and play day trader with less than ten percent of it.
Using you own analysis: why not 100%?
I would like to learn how to trade, and this is my way of doing it. I would like to learn how to trade because the recent bear market taught me the disadvantages of holding.
How is it a bear market?
It is now about $600.
Last month was $400
6 months ago was $200
Last year June was $60
18 months ago was $10
2 years ago was $6
50.
Post 7482033 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
Worse case 420
51.
Post 7499252 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.54h):
Is possible to test 550 as Macd is flattening out.
52.
Post 7511375 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.55h):
Bidders need to email in a signed scan of their bid form, FRIDAY between 6am and 6pm, in a blind auction in which bidders don't see rivals' bids, and the government treats the highest submitted price as the prevailing bidder.
53.
Post 7518410 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.55h):
People go to auctions to buy things at discount. Not at narket price. Not above market price. Especially sealed bids where there is no rush to immediately beat the guy who just outbid you.
54.
Post 7518766 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.55h):
If you put in a market order for 17K BTC on Bitstamp, you'd run the price up to $2400 per coin. There'd be no more coins on offer. It's not possible to buy that many coins at market price. It would take quite a long time to accumulate that many with limit order bids.
Another problem with bitcoin. Lack of liquidity means sketchy price. And it's market cap if you can call it that is not backed by any collateral ed asserts or revenue. Commodity.
55.
Post 7518817 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.55h):
People go to auctions to buy things at discount. Not at narket price. Not above market price. Especially sealed bids where there is no rush to immediately beat the guy who just outbid you. There is a strategy called cost averaging when trying to catch a falling knife. Maybe these are investment companies using customer funds and don't care. Idk
To be fair, buying 30k BTC is not possible at market price.. so bidding at market or slightly above IS a discount.
I think the bigger motivator for these people is buying the coins at a discount not the privilege of buying a whole bunch at one time. With the prices dropping from 640 to 560 from last week the bids might get lower.
56.
Post 7518873 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.55h):
String support in 550s.
57.
Post 7538196 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.55h):
EMA $605
58.
Post 7592630 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.56h):
With no new ASIC hardware able to positive ROI because of increasing difficulty I think it is more risk for the large miners to hold coins. Most are selling as they are mined.
And what is this new equipment that large miners are buying, nothing can ROI unless you are the manufacturer of the actual chips.
59.
Post 7619643 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.56h):
EMA 608
60.
Post 7623862 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.56h):
Is overbought now, needs to come back under $614
61.
Post 7623926 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.56h):
Is overbought now, needs to come back under $614
lmao, i wonder what wild guess i would make at what price you sold at
I dont trade it, only looking at technical charts.
Last week was oversold at $552, came back up over $600.
If you think it is going to the moon 700+ before it drops down you are wishing alot
62.
Post 7624243 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.56h):
EMA flattening out at 613.
63.
Post 7629669 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.56h):
i wish a knew Chinese to read their chat when they saw that btc-e dump
Forums? Where? I tried to check what people were saying period but LTC talk is dead
LTC used to follow BTC like 1:30-35, now the ratio is like 1:75-80
64.
Post 7629982 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.56h):
Its .0127 now on btce
65.
Post 7630013 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.56h):
If you are a high roller, you should seriously consider moving some fiat to btc-e just to leave some ridic lowball orders out there, it might be a huge +ev move in the long run.
Like when btc dropped to $102 in Feb because some guy hit the sell button instead of buy.
66.
Post 7630130 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.57h):
and possible the low liquidity. If someone puts a market order to sell 5000 coins and there are no buyers price drops until someone steps up to buy that quantity.
How many people on this whole board has even put a limit order to buy even 10 btc?
67.
Post 7647332 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.57h):
lmao
68.
Post 7681307 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.57h):
EMA $615
Price is dropping
69.
Post 7683124 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.57h):
Looks like price needs to come down under $610 before it goes to 700
70.
Post 7683624 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.57h):
Looks like price needs to come down under $610 before it goes to 700
Uh why?
For me it was 620ish...mainly to do with the ebb flow of the market. It would appear that people are trying to accumulate more so than dump.
I think we'll see weekend buyers from those who want to beat the trend now that 620 ish has held well enough. However I've been bull sided as of late.
Because the EMA is $614, price rarely hits EMA exactly, it usually overshoots, somewhat either slightly or drastically best case scenario is slightly.
The Dark candlesticks is not confiding either.
71.
Post 7688032 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.57h):
If street prices are $1000 per TH now how much will these 650 TH machines sell for?
72.
Post 7688767 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.57h):
If street prices are $1000 per TH now how much will these 650 TH machines sell for?
That would make it $650k.
Honestly.. $1000,- per TH? Seriously? LMFAO
Chris. $1000 per TH is an optimistic number because this is what bitmain S3 will be next week. This is the cheapest price per TH right now. Can you find cheaper?
73.
Post 7707395 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.57h):
I'm sure there is a trading clause in their contract that voids sales due to software problems. In that case they buy back 132 coins at market to give back to sellers. So only 60g. The value of the coins the hackers took
74.
Post 7720285 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.57h):
As I predicted must drop below $620.
Where is GATEKEEPER ?
75.
Post 7721490 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.57h):
I see next support level 550-560
76.
Post 7729519 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.58h):
EMA dropping to $606
77.
Post 7765084 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.58h):
EMA is dropping. Currently $605
78.
Post 7860776 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.59h):
lmao
79.
Post 7877967 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.59h):
Fiat value of btc is only what someone who is willing to buy it at: and instead of using some imaginary number like 1 or 1 million they usually use some exchange average value for it to convert, based on the last sale and buy and sell demand.
80.
Post 7940359 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_12.59h):
The way around bots is to use limit orders to buy and sell. If that option is available.
81.
Post 8030754 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.00h):
EMA 622 is good
82.
Post 8072173 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.01h):
Lmao
83.
Post 8108365 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.01h):
Miners are selling the coins as fast as they come in
84.
Post 8109182 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.02h):
Enough of the conspiracy theory. If there were more buyers than sellers price would not be at this level.
85.
Post 8109279 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.02h):
Enough of the conspiracy theory. If there were more buyers than sellers price would not be at this level.
Think so? Couldn't have guessed that.
Well there seems to be alot of people who think the price is being manipulated in some way.
86.
Post 8109341 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.02h):
Btc was only $ .0025 4 years ago. So it has had a monstrous run.
87.
Post 8110780 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.02h):
... a lot of people ... have no plan...
Here's a plan that works well in this situation, in case anyone is lacking a necessary plan: Buy low, sell high. Now is the buy low part.
EMA 616
88.
Post 8113853 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.02h):
This buying is very unusual. Someone or a group of people have been consistently and regularly buying for the past 4 hours now. 555.9 on Stamp might be the turning point.
Yea, leverage on Bitfinex increased $400,000 during this period of time. I don't think this one is built to last. Also, the buying really has been limited mainly to Bitfinex and China.
So this is not good
89.
Post 8187082 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.02h):
http://nakamotoinstitute.org/mempool/im-hoarding-bitcoins-and-no-you-cant-have-any/ One of the most annoying things about Bitcoin is that it’s so convenient to make payments with it that sometimes it is extremely tempting to spend it and avoid the hassle of using dollars. One of the ways to help deal with the temptation to spend is to demand a Bitcoin discount at any store that accepts Bitcoin. This is perfectly reasonable because not only is the store lowering its own costs by using Bitcoin, but it is asking me to give up an inherently superior commodity.
Hoarders are more important than merchants. If a restaurant downtown starts accepting bitcoins, this does not necessarily create an incentive for anybody to buy more bitcoins. Why would anyone bother if they can still just use a credit card? If you can convince a merchant to accept bitcoins and stop accepting dollars, then I’ll be impressed.
Unless a merchant is offering something that cannot be bought for dollars, or at least offering a discount, he is only benefiting Bitcoin to the extent that he encourages more hoarding. If he immediately converts the bitcoins he receives as payment into dollars, and if his customers only buy bitcoins so as to spend them at his shop shortly thereafter, then neither has much direct effect on Bitcoin’s demand. The real hero is the hoarder behind the scenes who buys from the merchant and enables him to convert his payments into dollars.
Not to change the topic of the post.
But I think the main problem with bitcoin mass adoption is there are no guarantees against the owner in cases of theft and mis use.
The reason why credit costs more for merchants is because the interbanks get paid most of the interchange fees (interest and transaction fees) and the credit procesors Visa, amex, mc get paid the association fees. But the banks cover most of the costs in case of fraud and stolen cards and accounts and most customers are not liable if the transactions are abided by the rules of the credit card companies. They know this happens alot and to keep commerce moving with more sales this is a built in "expense".
With btc if consumers have their wallets hacked or stolen easily the btc is pretty much gone and it will detract from mass adoption because there is no recourse for refunds. And this will mean less people use it, and less incentive for merchants to adopt it, even though it is good saving for them versus credit card transaction costs.
90.
Post 8187342 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.02h):
http://nakamotoinstitute.org/mempool/im-hoarding-bitcoins-and-no-you-cant-have-any/ One of the most annoying things about Bitcoin is that it’s so convenient to make payments with it that sometimes it is extremely tempting to spend it and avoid the hassle of using dollars. One of the ways to help deal with the temptation to spend is to demand a Bitcoin discount at any store that accepts Bitcoin. This is perfectly reasonable because not only is the store lowering its own costs by using Bitcoin, but it is asking me to give up an inherently superior commodity.
Hoarders are more important than merchants. If a restaurant downtown starts accepting bitcoins, this does not necessarily create an incentive for anybody to buy more bitcoins. Why would anyone bother if they can still just use a credit card? If you can convince a merchant to accept bitcoins and stop accepting dollars, then I’ll be impressed.
Unless a merchant is offering something that cannot be bought for dollars, or at least offering a discount, he is only benefiting Bitcoin to the extent that he encourages more hoarding. If he immediately converts the bitcoins he receives as payment into dollars, and if his customers only buy bitcoins so as to spend them at his shop shortly thereafter, then neither has much direct effect on Bitcoin’s demand. The real hero is the hoarder behind the scenes who buys from the merchant and enables him to convert his payments into dollars.
Not to change the topic of the post.
But I think the main problem with bitcoin mass adoption is there are no guarantees against the owner in cases of theft and mis use.
The reason why credit costs more for merchants is because the interbanks get paid most of the interchange fees (interest and transaction fees) and the credit procesors Visa, amex, mc get paid the association fees. But the banks cover most of the costs in case of fraud and stolen cards and accounts and most customers are not liable if the transactions are abided by the rules of the credit card companies. They know this happens alot and to keep commerce moving with more sales this is a built in "expense".
With btc if consumers have their wallets hacked or stolen easily the btc is pretty much gone and it will detract from mass adoption because there is no recourse for refunds. And this will mean less people use it, and less incentive for merchants to adopt it, even though it is good saving for them versus credit card transaction costs.
This isn't an inherent problem with btc itself, it's more a function of a new market without sophisticated financial institutions that will protect the consumer against fraud and theft. The New York regulations make it all the more likely that those institutions will be created.
The NY rules only want more info on the buyers and sellers of the btc, in case they have to trace back to illegal activities.
They dont address wallet security. Imagine people having codes on their cellphones and losing them. This is much easier than losing large amounts of cash or credit.
91.
Post 8280992 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.03h):
The market would be too small for Intel to waste resources on.
It would also take Intel too long to market and produce this chip that would have less than 9 months of value as it would depreciate weekly right off the bat. All their suppliers would be stuck with massive write downs.
92.
Post 8282335 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.03h):
I agree.
More than likely there are not buyers at the price, rather than the weak hands selling.
If anything the miners are selling every day.
93.
Post 8282628 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.03h):
so we can outsmart the bots by selling high, and buy back low?
94.
Post 8301769 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.03h):
LEGENDARY is higher than HERO MEMBER STATUS.
95.
Post 8301851 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.03h):
I didnt see one yet until today.
96.
Post 8303897 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.03h):
Saw a blurp scroll by that feds just announced, among other warnings about bitcoin, that "bitcoin is a target for hackers" - good thing credit cards not a target
Missed what else they said, but glad they're on their toes protecting us with this breaking news.
Btc is not much recourse after theft. Credit card fraud mostly absorbed by the the companies.
97.
Post 8322059 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.04h):
Are we destined to test $555 again?
The EMA has just dropped under $599 also, not encouraging.
98.
Post 8325615 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.04h):
EMA started dropping since July 28.
On the flip side it is 597, but sliding. . .
99.
Post 8330209 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.04h):
They are shaking out the weak hands again. LOL
100.
Post 8330422 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.04h):
I want this crash to be on national television breaking news!
Then we will find the bottom of this fucker.
I still remember when bitcoin was .05 cents and was selling on secondary market for .30 cents
101.
Post 8336939 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.04h):
Sorry man, I went to bed shortly after this post. but... Take a look at the mining pool chart, all big miners are pools, that pay out individuals, so they would not be able to buy those coins. The biggest private pool mines less the 20% of the coins. That is the biggest chunk
OTC trades for large amounts of clean/virgin coins would be at an hefty premium I guess. Enough for pool owners to trade their virgin coins for cheaper used coins on an exchange. But it was just a guess.
Any other idea on who and why is dumping is welcome.
Besides the sellers themselves I doubt anyone around here knows exactly why they do it.
Get cheaper coins through panic
Coin mixing through exchanges
Altcoin preminers taking profit
Stolen coins constantly being sold
GABI trying to achieve a low base
T/A whales trying to paint capitulation to start a new bubble
Exchanges selling fees and buying some back cheaper
Attempt at a long squeeze
Whales giving up and taking profits
Wall street trying to fuck over traders
Dump once a month to buy OTC cheaper
Unless you are the dumper, or the exchange operator and can see who is doing what, we will likely never know. The fundamentals haven't changed, so the only thing I know with a strong chance of being true is that they are doing it to profit, not because "bitcoin is dead"
Bitcoin is only worth what someone is willing to pay for it. bottom line
Maybe someday in the future it is worth 10000 usd, maybe 10.
It wasn't so long ago someone used 10000 btc for 2 large Papa Johns pizzas
102.
Post 8336971 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.04h):
it really all depend on how Bitpay process these transaction and on how you set your Bitpay account, usually most merchants needs cash in order to operate normally so they converts 100% of the transaction to fiat, but there is who set their accounts to keep a percentage of any transaction in Bitcoin, so the owner of this estate could cash a small percent and held the rest in Bitcoin ?
I really don't know how Bitpay/coinbase process their transactions, it would be interesting to know about that.
I have a bitpay account, and yes you can set the % of what you want to keep in BTC and the rest is converted to fiat. The percent you keep in BTC gets sent to an address you specify, you cannot sell them later through bitpay though. I am not sure if Coinbase is the same but I'm not sure why they wouldn't have this feature.
Coinbase only let you buy and sell at market price (the highest when buying and the lowest when selling), and they charge 1% each way.
103.
Post 8343471 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.04h):
Yes. Yes. And yes
We should respect the position of pawns in the big game.
104.
Post 8371753 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.05h):
Some people are worried. But the price seems relatively cheap. At least 15% under valued
105.
Post 8373901 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.05h):
My average cost per BTC is about $610, including transactional fees..
That's a lot more than I thought. You started to buy all the way up to 1200?
I first started at $1200 on local bitcoin's in November 2013. My first purchase was 1.24BTC for about $1500... something like that. How about you? What's your average BTC costs and your duration for being in the BTC game?
By accident I heard about Bitcoin at the start of the November explosion. A bought the first small bunch at around ~400. Bought more on the first crash another time at around ~400 and on the third crash at around ~380. Between these mayor buys I bought a lot peanuts at all prices (except on the really high levels of +900), so my average price should be around ~450.
If you sold some when it was higher you could have used the profits to buy more.
106.
Post 8424385 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.06h):
If 420 dont hold. . . .
107.
Post 8424478 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.06h):
literally the only buys from the asks right now are little orders by bots
This means not much demand, and price must come down
108.
Post 8449514 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.07h):
I suspect this also. Bitfinex no bankroll, but made up inventory to make juice and commission. And encourage more people to gamble.
109.
Post 8449695 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.07h):
So, basically all of the alts are up big time and we are flat on the whole for the day.
http://coinmarketcap.com/1. So, does this mean that we are really supposed to be breaking the bear trend, now? (I don't think so... the bounce back was anemic and we haven't retested the low); OR
2. The alts didn't get the memo and the gamblers who took out leverage on those because they thought they'd go up faster are now doubling down on the bet to keep pumping the price and they are about to get uber-slaughtered.
Most if not all alt coins are dying from 6 months ago and 1 year ago.
110.
Post 8461874 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.07h):
EMA is $565
111.
Post 8464539 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.07h):
Is a traders dream right now.
112.
Post 8466272 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.07h):
Any logical short should have been out under 480. Next entry point is 580-600
113.
Post 8469164 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.07h):
LTC is up like 90% since 2-3 days ago.
114.
Post 8469420 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.07h):
LTC is up like 90% since 2-3 days ago.
Why do you pump it here you need to sell or smth?
What are you talking about? I was responding to the previous post.
My independent observation is ltc is up 90% from 2-3 days ago when it was $3.60
Now is $6.08 you do what you want, buy, sell, trade. I think it is a falling knife since it is being disconnected from btc the last 3-4 months. People are bailing out of most alt coins actually.
115.
Post 8469676 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.07h):
LTC is up like 90% since 2-3 days ago.
Why do you pump it here you need to sell or smth?
What are you talking about? I was responding to the previous post.
My independent observation is ltc is up 90% from 2-3 days ago when it was $3.60
Now is $6.08 you do what you want, buy, sell, trade. I think it is a falling knife since it is being disconnected from btc the last 3-4 months. People are bailing out of most alt coins actually.
And that is the right thing to do... bail now... from altcoins I mean...
Thumbs up.
Thats what I think. All were riding coat tails of btc, but with problems with adoption and other things like fraud and wallets etc, it is a tough road to be legitimate.
116.
Post 8480786 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.07h):
117.
Post 8480790 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.07h):
Good morning, just woke up. Is there are reason why we are going down?
Because it is up almost 100 points from 5 days ago
118.
Post 8495518 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.08h):
119.
Post 8507414 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.08h):
120.
Post 8507545 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.08h):
It was up 90% from $3.30 though ??
If it touches 6 again it will retrace to 4.
121.
Post 8518935 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.08h):
Is that the easiest way to Legendary status
122.
Post 8519033 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.08h):
123.
Post 8522125 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.08h):
BTC price has been rising and stayed above its weekly EMA since June 2012 and hasn't crossed it on a downslope since $530/430 in THE END OF March 2014.
It was undersold until it broke out June 1 to $660-680
Its now on a downtrend and oversold the last 2-3 weeks under the ema which is sliding from $640 on June 8 to $556 today.
Major support at $445
124.
Post 8627576 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.10h):
No hardware is profitable now in mining, unless you can get it for FREE. Not even Gen 3 hardware can ROI 35-40% back of hardware cost when they come out. Or you have no cost for electricity and can get hardware at big discount because the capital investment for the equipment will never mine it back.
125.
Post 8627852 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.10h):
Nest major supports $340 then $105 idk
126.
Post 8705403 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.11h):
Not difficult to track, to take the coins out of the wallet is tough without the keys.
127.
Post 8855286 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.13h):
Since August, experienced traders have been in easy accumulation mode as they break weak holds. Best believe they'll want to profit too.
Traders buy low and sell high, or sell high and buy low. They dont just accumulate. Are you saying taders have been buying since $600 in August and its still sliding to about $460 now. That means they are fucked and losing their asses off.
Experienced traders would see the ema dropping under $620 in early August and got out or went short !
Now would be interesting time to accumulate as there is alot of support $400-450
128.
Post 8855305 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.13h):
All of a sudden the bears appear
Bitfinex about $470 ~1500 BTC wall
about $475 ~650 wall
OKCOIN about 2855 ~500 BTC wall
Bitstamp all the way up to $465 about $2800 BTC wall
Most likely those wall won't get filled
And the pattern keeps repeating... Where do the coins come from???
The coins come from miners that sell millions everyday if they dont want to hold them longterm with uncertain price swings.
129.
Post 8855333 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.13h):
They have to sell alot of the coins as they are mined to recoup the capital investment for the asic machines, that are depreciating 40-50% every month in value.
130.
Post 8865506 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.13h):
1
BTC = 1$ seems a fair price for me. I think more people would use it if we could manage to get a stable rate around +- 1% of it.
It used to be $.0025 when Laszlo Hanyecz, bought the 2 pizzas. Which is about 1.2% of this tip
131.
Post 8865721 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.13h):
Wonder when miners start getting shut off, its going to get interesting....
New product development should slow down too, with these 2 things difficulty should slow down slightly, but there are still people who have access to cheap or free electricity.
132.
Post 8865746 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.13h):
Sell! Sell! Sell!
(Sell me your coins!!!!!)
Maybe difficulty will be 1 TRILLION by next Sept.
133.
Post 8865813 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.13h):
It appears the heavy hitters are pulling out of BTC and going into Alts such as PPC and NMC and others as of late...
The more simple answer is there are more sellers (mostly miners) than buyers (retail or institutional).
3600 bitcoins are mined everyday
134.
Post 8871176 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.13h):
have we hit despair yet? no?!
down down down your boat down below the sea.
whales are here and whales are there squeezing little sheeps.
I do sense more and more despair. If the price does not rebound soon, expect even more despair.
There should be a bottom somewhere, we can't keep falling forever
We need a big nice drop in order to build up a big momentum for the next rally.
The lower we go, the higher we will go too!
Come on peps, cry, whine, and sell sell sell! Bitcoin is done!
Man this is all we have been hearing for the last year and it keeps dropping and there is no sign of this "big rebound".
They say the Big Boys are still shaking out the weak hands. LOL not
135.
Post 8882516 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.14h):
Maybe because btc is only a conceptual means as a storage of a value that hasn't been fully determined yet.
136.
Post 8882605 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.14h):
now i thinking about suicide! (no joke)
You should NOT put yourself in such a financial situation... so try to learn from this in order to help yourself to better deal with these kinds of situations in the future.
People had already said, in this thread, that investors should NOT put themselves in such situations.
You can always sell, lose less. Still something left over. Just go back to work tomorrow and start over.
137.
Post 8882789 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.14h):
my first bid on
btc-e is @135$
edit: and then all the way to 99$
What a fantasy!!!!
You better put some BTC sell orders in the $3,000 price range, too, just in case it goes quickly the other way.
Have you ever traded on BTCE? In February, I caught coins from $140 - $270 (my lowest bids were at $140). In the last cascade, I caught coins from $320 - $360. It's not fantasy at all. BTCE is very thinly traded and extremely easy to manipulate. They will (or
someone will) run stops and we could easily cascade down there, given a little push.
Yes. This is true
138.
Post 8888025 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.14h):
lmao
139.
Post 8895255 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.14h):
HAH that makes sense. Agreed
140.
Post 8898173 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.14h):
At $378 was $100 under daily EMA, relative bargian
141.
Post 8898577 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.14h):
Its on fire now, up 40 points
142.
Post 8914161 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.15h):
i'd like to remind everyone that if you buy bitcoin and it goes down on you, you can and should delaire capital loss.
today is a good day to buy. You can only declare capital loss if you sold it. If you sold it then it means you were scared about the price loss from when you bought it.
Assuming you sold it and it went down more, one could say they saved money by buying back in at a lower price.
143.
Post 8934605 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.15h):
Every time I see this, I LOL.....
lmao
144.
Post 8956149 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.15h):
Why do they always drop the hashrate and difficulty 2 days before the next jump..
Conspiricy thery
145.
Post 8956318 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.15h):
My friend, who is not part of the BTC world, sent me a message half an hour ago: "PayPal supports BTC". Few seconds after that I realized that we will rally up from here, because this news got media attention, ordinary non-bitcoin people heard about it.
This makes sense as Paypal is basically a processor.
By supporting btc they are letting people use as a debit collateral or credit against their paypal accounts. But they are still making fees by the actual paypal transactions like a regular cc.
146.
Post 8985051 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.16h):
EMA dropping to $457
147.
Post 9012147 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.17h):
Looks like wants to retest $360
148.
Post 9025326 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.17h):
34 Billion difficulty now,
I bet alot of Gen 1 and Gen 2 equipment is being scrapped now
149.
Post 9031842 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.17h):
34 Billion difficulty now,
I bet alot of Gen 1 and Gen 2 equipment is being scrapped now
Yes, and how much of the BFL 'secret' mining farm has been switched off???
Probably most if not all.
They dont have anything competitive now except the Monarch that they are concentrating more on cloud mining now.
There are stil a ton of Monarchs that customers didnt receive yet. SAD because a 700GH one will probably only mine back .15 btc if you had one today. Not including power supply.
150.
Post 9032473 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.17h):
I think we can get back to $400 within a 7 day window. I really don't understand the reasoning behind the downward pressure we have been seeing lately. Who has run the numbers on the cost to produce 1BTC (through mining lately)? It has to be close to a loss right now, correct?
maybe people realizing that Bitcoin price was really a bubble ? beside, the cost of mining a bitcoin is not that important for price discovery, price is mostly based on supply and demand, if miners don't like the current price they have two option: 1) hold and wait for the price to go up again 2)or simply shut down their mining operation (which will be painful in most cases).
Miners cant shut down too long, as difficulty increases on average 15% every 13 days
151.
Post 9032491 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.17h):
That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.
They are not trying to take us down, they just know that when they dump, they'll be able to buy whatever they sold back at a cheaper price. It'll continue until that is no longer the case. Then it will probably be time to pump.
I don't believe this anymore. I see people dumping tons of coins. I don't see them buying tons of coins back.
Either way, they are destroying the market. On purpose ot not. It doesn't even matter. Same thing. They won't stop till it's dead.
Let them dump. If Bitcoin is a viable idea, it will survive. Bitcoin's survival depends on its utility, and market price of a coin mostly doesn't affect that. If bitcoin is useful, anyone trying to suppress the price will lose their shirt if they're insistent. If not, they're doing everyone a service.
If this is true, it should not matter if the "market" price of Bitcoin is .10 cents or $1000. People maybe confusing a bitcoin for a lottery ticket
152.
Post 9044545 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.18h):
Always some arbitragers looking for a certain amount.
Also everyone know to sell 10000 btc at market price will make seller alot less!
153.
Post 9050023 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.18h):
Support has been broken
154.
Post 9070299 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.18h):
MAJOR Support at $340 and $200
155.
Post 9072576 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.18h):
156.
Post 9075912 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.19h):
Bought another 25 coins today. If the price keeps sliding I may go broke before the bottom.
You can be broke later from buying all the coins , but at least you will have some kind of asset
157.
Post 9092285 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.20h):
price is literally jumping so fast I can't buy on coinbase. Every time I hit the button, the price has changed.
I just saw 277
158.
Post 9093407 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.20h):
so does anybody know what may be causing this price decline?
The price decline.
yes.
People are not buying because they fear the price will fall even more, and cause of this prices keep falling or don't rise. It is a vicious circle hard to break
Is the purpose of bitcoin to buy and hope price goes up to make profit or as the founder envisioned it as a new currency and value medium to be able to exchange products and services.
159.
Post 9112608 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.21h):
WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.
If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now? Granted there are more coins to mine and be circulated.
160.
Post 9112780 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.21h):
WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.
If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?
are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison
Just comparing the users of whatsapp are worth money to advertisers.
The users for bitcoin must increase from its current base to spread to survive.
Then comes the problem will value increase? and why? because of limited availability like a commodity? which is opposite of what it was intended to be a medium for transactions with lower fees.
In the end I think btc needs to be pegged to some definite value to be worth anything. Other than that the Fed is correct that it can only be a "storage" mechanism.
161.
Post 9112956 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.21h):
WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.
If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?
are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison
Just comparing the users of whatsapp are worth money to advertisers.
The users for bitcoin must increase from its current base to spread to survive.
Then comes the problem will value increase? and why? because of limited availability like a commodity? which is opposite of what it was intended to be a medium for transactions with lower fees.
In the end I think btc needs to be pegged to some definite value to be worth anything. Other than that the Fed is correct that it can only be a "storage" mechanism.
You are talking garbledy gook regarding some necessity to "peg" bitcoin.... that is just some distracting mainstream talking point that is used to confuse people regarding the value of it NOT being pegged. The value of bitcoin is the users and the network and the infrastructure.... which is all still building and growing.
So you would agree the value of bitcoin could be valued at $1 or $1 million.
Do you think buying 2 pizzas for 10,000 bitcoin was a ripoff or a bargain? Those who bought at $1100 was that cheap?
If there was not exchanges (China exchanges, btc-e, bitstamp, etc) that DO "peg" btc to a fixed value (like the USD or Euro) btc price would still be in Limbo. And these exchanges are only in for the money to be made.
The problem is the traders and speculators who think they can buy it like it is a lottery ticket and make profit if it goes up from the price they bought it from.
162.
Post 9112967 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.21h):
WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.
If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?
are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison
Just comparing the users of whatsapp are worth money to advertisers.
The users for bitcoin must increase from its current base to spread to survive.
Then comes the problem will value increase? and why? because of limited availability like a commodity? which is opposite of what it was intended to be a medium for transactions with lower fees.
In the end I think btc needs to be pegged to some definite value to be worth anything. Other than that the Fed is correct that it can only be a "storage" mechanism.
We're currently in a bubble for "users" though.
Companies with millions of users are bought up, with absolutely no idea how to monetize them.
Snapchat anyone? Value in the billions, absolutely ZERO revenue.
A lot of these companies are just VCs and investors playing hot potato, I invest $25m in the hope that somewhere further down the road a bigger fool will inject $250m and my stake is worth more than I paid. It's nearly a ponzi
Yes, Bravo
163.
Post 9137789 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.22h):
Panic buys.
164.
Post 9137877 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.22h):
EMA $405
165.
Post 9142552 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.22h):
Any gamblers, btc price up $110 from last week.
166.
Post 9310841 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.26h):
Its not that simple.
1.Assuming a broker would let you "box" the position and let you go long and short at the same time, the 20000 btc are basincally in a neutral position, one up and the other down.
What you propose is to basically sell 5000 of the 20000 btc long position to make the price go down. If they dont let you move the neutral position then you need additional funds to short the 5000 btc.
If price drops 10% in theory, the 20000 btc long will lose 10% but the 20000 btc short will gain 10%, essentially neutral,
Basically the trade is to short 5000 btc. and hope this creates a panic that you can buy back lower.
2, If they let you leverage with additional funds to be able to sell 5000 of the 20000 long position while you have 20000 short position, this could mean a profit of 10% on the 20000 btc and a loss 0f 10% on the 15000 remaining long position. So thats 5000 x 39 = 195,000 potentially, less in reality because price will down down as you short. Net result is the same at whatever price btc settles in at, you would stil be long 15000 btc and short 20000 btc. If price moves up you are exposed to a short position of 5000 btc which you have to buy back eventually.
167.
Post 9409621 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.28h):
On the brightside the price of btc currently $326
is up 162% from $201 last November.
168.
Post 9409678 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.28h):
Downtosimple:
Dont understand your logic.
But miners already run at a loss.
The price is currently low because there is more selling than buying.
Sellers sell because they think price will go down in future, thats why they dont want to hold.
Gamblers who buy are thinking the price will go up in the future, as of now more people think price will go down rather than trend up.
169.
Post 9409766 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.28h):
Downtosimple:
Dont understand your logic.
But miners already run at a loss.
The price is currently low because there is more selling than buying.
Sellers sell because they think price will go down in future, thats why they dont want to hold.
Gamblers who buy are thinking the price will go up in the future, as of now more people think price will go down rather than trend up.
How do we know miners are running at a loss while difficulty is up up and up? In my mind, the pure cost is only electricity, the others could be regarded as sunk cost. How much is the electricity, anybody knows here?
Also in my mind, leverage shorting is the main power driving prices down. Others could be negligible. Importantly, where does the shorting cover to close their shorts?
Incorrect. The true cost is capital investment and electricity cost. Where can you get asic equipment for free?
Anyway:
KNC Neptune roi .6 btc
Bitmain c1 roi .16 btc
Both running efficient .65-.7 watts GHS
I think most will agree electricity is between .10 ans .32 cents kwh so average is around .16
Leveraged shorting still needs capital to cover any leveraged losses. Either that or they can borrow the btc for free to sell it. But there is still a limit of how much they can short, they cannot short more btc than is available, and if there is alot of early adopters who are holding on im sure they can make them "not available" to borrow and short. Thus making the float even smaller.
170.
Post 9409809 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.28h):
Downtosimple:
Dont understand your logic.
But miners already run at a loss.
The price is currently low because there is more selling than buying.
Sellers sell because they think price will go down in future, thats why they dont want to hold.
Gamblers who buy are thinking the price will go up in the future, as of now more people think price will go down rather than trend up.
How do we know miners are running at a loss while difficulty is up up and up? In my mind, the pure cost is only electricity, the others could be regarded as sunk cost. How much is the electricity, anybody knows here?
Also in my mind, leverage shorting is the main power driving prices down. Others could be negligible. Importantly, where does the shorting cover to close their shorts?
Some mining factories in China claim that their cost of electricity is nearly 0.
This is possible some miners have this advantage of almost zero cost for electricity, but for the masses no.They must be stealing it from the governenment, either way someone pays the cost.
There is also land rent and maintenance expenses.
171.
Post 9419881 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.28h):
seems to be a decent amount of buying coming in anticipation of this week.
Most likely another pump and dump before we go down even lower. Like the last 20 times.
i think so
172.
Post 9431314 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.29h):
Bitcoin can't even consolidate and is still fighting to not go below $266. I don't understand how some of you are claiming the next bubble is starting soon. Is not the most clear indicator of full denial?
So is depression and despair all it takes to get this bubble started.
OK then.
Bitcoin is dead! It is going nowhere!
(we can go up now)
Words need to be followed by actions, or it doesn't mean anything.
And anyway, even if we reached bottom (which maybe not) bitcoin is not probably going to rally any time soon.
First it needs boring months of consolidation, where people can start forgetting how painful is going down for months. So they can start slowly gaining confidence and buying again.
I thought we already have several boring months of consolidation? It has been a very long year.
Going down, down and more down doing lower lows and lower highs in a dead cat bounce is not a consolidation... is a downtrend.
$205 would shake out alot of the short sellers.
173.
Post 9439356 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.29h):
Go bitcoin go ! Why this price is always stopping around 310-330$? Move on man ! hope that a new bubble will coming as soon as possible.
This is not confidence in the long term price and direction of bitcoin
174.
Post 9442164 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.29h):
175.
Post 9462252 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.29h):
Which is worth more 1 year from now? 1 Bitcoin or 10 of these inflationary notes:
176.
Post 9482150 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.30h):
I've been buying during this bear market, then I sodl for lower than I bought, then I bought back for even lower than I sodl, ending up where I started. This is about as good as you can hope for daytarding.
Just because you suck at something doesn't mean everyone else does.
Note that I suck at daytrading (which is why I don't do it), so don't think I'm hating.
I don't think I suck, I think I was neither lucky nor unlucky. I came out where I started.
Point being, I consider it a gamble rather than a skill. (Yes there's skill involved, but short of having the ability to travel through time in a way that other people cannot, luck is the main factor in trading success for sure.)
A very disciplined, skillful trader might make a profit for sure, but a big move and some bad luck and it's over.
Ha I'm just busting your balls, man. As I said, I can't do that shit, either.
As I said, (and Justus) I don't think anyone can!
Leave my balls alone plz, they are for spoodergril only.
If everybody is losing, who's winning?
The exchange?
word
Middlemen Bookies
177.
Post 9514843 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.30h):
I would be surprised if it went to 390 before a pullback. Most likely going back to 350 or lower next 7-10 days
178.
Post 9555074 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.32h):
Weekend dip!
Is dip because the price went to $463 which is almost $90 above the daily ema around $363
179.
Post 9572688 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.32h):
Trials are for guilt of crime, not assets seized and forfeited, which he did not contest.
180.
Post 9572714 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.32h):
No volume as before.
so what exactly does that mean? that it can easily go back up? i dont get the "there's no real volume" argument
Exactly. It could as well be volume to the downside :p
181.
Post 9572740 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.32h):
The ask side has 10k to 450.
Everyone except for the whales and bullbears have been getting burned trying to get excited about bitcoin again.
I am going on a limb here and saying our run up to 450 was just like the run up to 1000 and we now have to deflate again. Yay
Those who sold above 420 are smart.
Will come back to 350's
182.
Post 9594474 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.33h):
The people who bough the seized bitcoins in the first auction in July when price was around $650 should double-down. If they indeed want to cost-average down.
183.
Post 9600919 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.33h):
You could buy more now at 350 and cost average down
184.
Post 9600941 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.33h):
Everybody needs to relax.
People have some serious issues if they are worrying about a 20 dollar drop in price.
They are not worried about $20 drop, they are worried because after 1 year price went down $900 from top...
Well, let's say you bought at ~1000$ (just like everybody else did, right...?
). You lost ~650$ already. Does it really matter if you loose another 100 (350->250) even 200 (350->150) per coin? You can not possibly loose more than what you already did, so you are technically "in the green" no matter what. Right?
(I don't really think so, but some might argue so...)
who teh f#ck bought at 1k? seriously?!!!
alot of people lol
185.
Post 9653329 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.35h):
EMA has stopped downtrending. The first time since end of May.
186.
Post 9653846 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.35h):
EMA has stopped downtrending. The first time since end of May.
That 3D EMA is just teasing us... Expecting a cross over soon
Agree
187.
Post 9760835 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.37h):
When btc hit peak in Dec 2013 the transactions were around 30k, bow is much higher, more than 80k but the price is 1/3
This is probably due to more miners, and the selling to finance capital costs, and also more adoption of the currency
188.
Post 9765269 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.37h):
The price is so sideways right now I'm neither losing nor gaining how boring
It has been this way since the last 2 weeks. Unfortunately the auction didn't make any difference either.
But its hard to argue. When price was over 600, it was stable, and since it was a strong price no one cared if it was stable or not.
The first auction pushed the price from $570 to $640
189.
Post 9765490 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.37h):
Probably in next 2 days
190.
Post 9790973 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.38h):
looks like he is sucking Dick
191.
Post 9793410 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.38h):
i think at this point in time bitcoin is a solution looking for a problem.
almost 24 months ago people though that bitcoin would revolutionize the business of international money transfers, people started working on designing ATMs, and fiat to bitcoin exchanges popped up in many jurisdictions. a solution to an old problem.
today we have some ATMs and a healthy number of exchanges, however both of these have very high regulatory costs. as it turns out much of that "problem" is mostly the creation of various regulatory regimes, since we no longer generally ship around tons of gold on ships, that let us say are in place to allow incumbents to make money along with providing protocols that allow for reporting to governments primarily for reasons related to tax collection, but also the enforcement of embargoes, sanctions and the never ending hunt for organized crime (terror, drugs, etc).
frankly this is not what bitcoin, as one can plainly see, excels at.
one has to go back to the Satoshi Nakamoto white paper and re-read it occasionally to pull out new nuggets of insight based on what has transpired.
While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model.
Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for nonreversible
services.
A few things to note here:
1. "the system works well enough for most transactions" means that Satoshi thought that "most transactions" concerning online commerce are handled well by the current system. therefor it is not likely that bitcoin applies to say the purchase of books on amazon.com. Bitpay, circle and coinbase are sadly barking up the wrong tree.
2. so what is bitcoin perhaps good for? there answer is right there in the first paragraph: "small casual transactions" and " non-reversible payments for nonreversible services".
What are interactions that may constitute say "small casual transactions"?
1. tipping - this has been relatively successful for reddit and doge it seems
2. online gambling - we can see that the dice sites appear to do decent business
3. ?
4. ??
5.
What are "nonreversible services"?
1. the time stamping of a digital document
2. the use of processing power
3. the use of data storage
4. the escrowing of something of value
5. the execution of a contract between some parties
6. the delivery of data
7.
8.
9.
Now ask yourselves, how many bitcoin services and business do you know which fall into some of these categories?
And then you, I think, shall understand why we are not yet at $10000/btc.
When folks on here can start naming popular services in a majority of these categories, and perhaps others, then we will see not only the foundation for more wide spread adoption but also price.
Most of the investments in the current space by VC are really throwing money into a fire. But I have full confidence that in time (say 2-3 years) other groups that are more nimble and not necessarily driven by rigid business plans will begin to execute on these. Of course that is the reason why I really like projects like Ethereum, Counterparty and Storj.
Fraud prevention and liability for accounts are a big problem also and will hamper its adoption.
Unlike credit card companies and banks who can get the money back from the merchant or store and take the hit for their customers, who will do this for btc? There is a reason why the interchange fees ( transaction fee and % rate) are so high in addition to the transaction charges per transaction
Where btc reduces these transaction fees, risks for users losing btc because of theft or hack and never getting a refund are very high.
192.
Post 9793841 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.38h):
Inevitabley transaction fees will increase when miners arent rewarded enough as blocks divide and the last coins are minted.
193.
Post 9804637 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.38h):
Hypothesis #1)
Reason for sudden rise in shorts when price rose:
Someone shorting the market wanted to manipulate the btc price by putting up massive sell walls. The effect would make traders/bots think we were in a bear market with massive selling pressure.
I dont think they realised that their fake sell wall would get eaten on the sudden rise.
Now they are f*cked...
http://www.bfxdata.com/combined/btc.phpSome would argue a certain percentage of shorts are necessary to prevent the price to go to zero.
194.
Post 9885357 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.40h):
2014, the year of the trolls, is almost in the books. Hope has faded, interest is all but gone, will 2015 be more of the same? Another year like this one would be difficult, to say the least.
Maybe the halving would get the miners away and increase the price.
is possible if people still value it
195.
Post 9938015 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.41h):
Yes indeed where there is opportunity for profit alot of middlemen step in.
196.
Post 9980499 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.42h):
This looks nice: http://test.casheer.net/mission/
There is no way it can be completely free. They must be doing arbitrage and convert the btc in-house to make some commission/spread. Business fee is hidden there somewhere
197.
Post 10007555 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.42h):
BTC price can go to 100 just as easily as 1000, depends on supply and demand from buyers and seller.
198.
Post 10010468 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.42h):
Why would whales accumulate coins if they did not expect the price to rise subsequently?
I haven't seen a decent analysis to show it's financially viable to manipulate the market by buying and selling. It seems risky at least.
So, who's to say whales' expectations are correct?
It isn't an analysis you will likely see now is it. That doesn't stop it being possible or probable.
The point is that whales in the top 500 addresses are buying low.
What is considered low $500 or $50 or .50 cents
199.
Post 10022307 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.42h):
A few hours before huge drops, there are always some of those stupid pics, ridiculing bears. You should post more of them.
Consolidating around ~315 (let's say it again:
315) was a clear reason for bullish overexcitement.
Again more sellers than buyers.
200.
Post 10022325 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.42h):
Look at ltc getting slaughtered it was $2.76 yesterday
201.
Post 10022885 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.42h):
There was a time when they thought trading 10000 bitcoins for a large pizza was a bargain fair exchange
At that time 1 btc = $.0025
202.
Post 10027523 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
Can somebody share with all of us, at what price level does BTC becomes unprofitable for the miners and they start shutting off they rigs and BTC collapses completely? Is this even possible?
At current difficulty, on 20 nm process and 10 cents per kWh, I'd guess around 200, maybe a little less...
with free electricity around 0.1 dollars i guess
There is overhead such as rent labour cost of miners and upkeep.
The reality is that btc mining is not profitable if the network difficulty and price stay at its present rates.
I have updated the Hardware return vs buying bitcoin spreadsheet. The link is in my posted history if you want a copy.
I have a feeling that one reason for the low volume volitility may be due to coin-swap and associated fallout.
I'll know when mining is no longer profitable when I get notice from knc that they are going to ship me the bonus miner I was promised (as long as I pay the shipping)
LOL
203.
Post 10027573 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
Can somebody share with all of us, at what price level does BTC becomes unprofitable for the miners and they start shutting off they rigs and BTC collapses completely? Is this even possible?
At current difficulty, on 20 nm process and 10 cents per kWh, I'd guess around 200, maybe a little less...
with free electricity around 0.1 dollars i guess
There is overhead such as rent labour cost of miners and upkeep.
The reality is that btc mining is not profitable if the network difficulty and price stay at its present rates.
I have updated the Hardware return vs buying bitcoin spreadsheet. The link is in my posted history if you want a copy.
I have a feeling that one reason for the low volume volitility may be due to coin-swap and associated fallout.
If it is not profitable, why don't miners unite each other and ration the supply? Miners behave like faithless dumpers that adds fuel to the fire. Unbelievable.
Probably because the mining equipment and electricity is not free and they need to make some money back from the capital investment?? I would guess this is part of it.
And even if equipment and electricity was FREE some miners would still be gambling that seeing the price drop they would want to sell some before it goes lower and their stash of btc becomes lower in value.
204.
Post 10027614 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
Can somebody share with all of us, at what price level does BTC becomes unprofitable for the miners and they start shutting off they rigs and BTC collapses completely? Is this even possible?
At current difficulty, on 20 nm process and 10 cents per kWh, I'd guess around 200, maybe a little less...
with free electricity around 0.1 dollars i guess
This is true. Assuming no capital equipment cost.
Unfortunately 99.999% of miners dont have free electricity.
205.
Post 10027648 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
Keep in mind this price drop is when the Chinese are still sleeping. Just wait till the commies wake up in a few hours. I think today is the day we test $250
The Chinese pushed it from 50 to 1100, they can bring it back down just as fast
206.
Post 10027694 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
Keep in mind this price drop is when the Chinese are still sleeping. Just wait till the commies wake up in a few hours. I think today is the day we test $250
The Chinese pushed it from 50 to 1100, they can bring it back down just as fast
I don't think that the Chinese are dropping the price so intensive. The problem are the greedy traders + the panic sells now.
Could be. And who profits the most the exchanges mostly.
Is a likely scenario, the operators of the casino only want to make juice they dont really care about how high or how low the price lands. As long as there are enough gamblers playing. Uhhh what a society
207.
Post 10027758 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
Price wants to test 260-270
208.
Post 10027835 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
is it still worth to sell now
Only if you think it will go back up higher sometime in the future.
209.
Post 10027868 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
is it still worth to sell now
Why would you sell as it's going down?
Man up & HODL.
Correct.
This is the trap they set.
The correct but unbelievable trading strategy is to sell as price goes up and buy as price goes down. Although 95% of people cant do it corectly because it is too emotional.
210.
Post 10027882 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
pls satoshi come help us
All he can do is sell coins..
lmao
211.
Post 10027908 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
BTC360 to 1650 at BTCCHINA, still it has almost
BTC130k volume today
Bobby, bobby! You silly man. I love you.
wth is bobby doing, selling btc to buy and prop up ltc?
212.
Post 10034503 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
Wow - Stamp hit 260.
Anyone brave enough to call the bottom yet....?
There is no bottom in tulip world
213.
Post 10034609 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
yes i'd like to know too. 6 years after bitcoin didn't evolve a bit, mainstream adoption is failing etc...the infancy phase excuse is becoming more and more dull.
6 years from now the same people will be saying the same thing: Bitcoin is still new. Patience my friend. We need to shake out the weak hands first. Wallstreet is dying to get in at the right price. Just buy and hodl. Secret forces are accumulating. Big money is gobbling up all these cheap coins.
Bitcoin is worth 10 dollars at that point.
don't forget the god damn traders... shorting the crap out of this technology for a petty $50 profit
The same way people can short, others can buy. The same way people can leverage to short others can leverage to buy. Its a wash.
Bottom line is now are more net sellers
214.
Post 10035406 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
This is worse than blackberry stock
215.
Post 10035753 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
216.
Post 10035778 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
LOL. Bitcoin is a store of value ... Cant believe we all actually fell for that. The jokes actually on us. Good one Satoshi, good one.
I believe this.
Now is it a Louis Viton wallet or a Levis Dockers wallet type. lol
217.
Post 10035873 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.43h):
I hope some people in Sweden Data Center are getting their asses fcked
218.
Post 10039504 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
The main problem is bitcoin was meant to be a medium of exchange not some commodity with value (price) swings up and down 50-1000% per year.
So people should be buying it to embrace the technology not like going to the casino and hope they make a profit, because in fact there is no medium asset to back it up as a real currency.
219.
Post 10039534 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
What is it exactly, that drives the price down?
What about everyone who said more adoption will lead to a price increase. I guess that's not the way it is.
I like to think this quote is relevant: "the market can stay irrational longer than you can stay solvent"
Yeah, market's been irrational for about 2 years.
I remember when bitcoin was $1.50 and i didnt know what the value was.
Today is at $260 and i still dont know what the value is.
Figure its somewhere between $.0025 and $1100.00
220.
Post 10039590 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
What is it exactly, that drives the price down?
What about everyone who said more adoption will lead to a price increase. I guess that's not the way it is.
I like to think this quote is relevant: "the market can stay irrational longer than you can stay solvent"
Yeah, market's been irrational for about 2 years.
I remember when bitcoin was $1.50 and i didnt know what the value was.
Today is at $260 and i still dont know what the value is.
Figure its somewhere between $.0025 and $1100.00
Fair value atm is between $750 and $880. But life ain't fair.
$7-$8
or $40,000 according to Winklewoss twins
221.
Post 10039788 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
so I should deposit more BTC to bitfinex or not
Very bullish. I'm gonna toss another 25k at it tmr morning when my bank opens
Might be cheaper by then
222.
Post 10039798 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
so I should deposit more BTC to bitfinex or not
Very bullish. I'm gonna toss another 25k at it tmr morning when my bank opens
No offense, just trying to stay objective, but i don't think it actually looks very bullish for many people...for old timers and some real believers maybe, but for the average Joe this looks like fricking bloodbath...
Depends on what you think btc is worth
223.
Post 10039816 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
Difficulty at 340ph already at the upper end of my prediction 3 days ago.
224.
Post 10039935 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
Until the 1w charts start stabilizing I would suggest everyone stop panicking.
But the 1week chart has been down trending since June at $640.
You mean they
should be worrying until it stops downtrending???
225.
Post 10039964 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
so I should deposit more BTC to bitfinex or not
Very bullish. I'm gonna toss another 25k at it tmr morning when my bank opens
No offense, just trying to stay objective, but i don't think it actually looks very bullish for many people...for old timers and some real believers maybe, but for the average Joe this looks like fricking bloodbath...
Depends on what you think btc is worth
And it certainly isn't worth what the last two schmucks traded it for to each other. Value of bitcoin is ultimately its value to consumers and the wider society at large
agree.....
I thought it was risky at $3, and this was 1 year after the guy traded 10000 coins for 2 large pizzas which valued it at .0025 so why would I over pay 1000x for it or 100000%
But then again it was hard to buy at that time and people made up fictictious numbers to trade for it because you really needed computer coding to know what was going on
226.
Post 10039977 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
Difficulty at 340ph already at the upper end of my prediction 3 days ago.
Lots of new Antminer S5s on the network, mainly in Bitmains data centers. But if the price continues this way I think difficulty will start stagnating again. Not to mention the possible delay or mothballing of new 14nm/16nm finfet machines. People have bills to pay, networked super computers can't live on just love and good intentions.
Discusfish is the biggest pool now.
I would think at least 10000-15000 s5 came on board and then spondoolies cranking it up too
227.
Post 10047279 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
...
Also some traders might accept the risk of being goxxed for the profits of shorting, so it is like a bet, not stupidity
I was told Bitcoin, the trustless P2P currency, was created to eliminate third-party risks, but you say it ain't so? Dang...
that is why bitcoin will never succeed without regulation and insurance.
This is exactly why credit cards charge for the transaction fees, most of it goes to the banks issuing the cards and alot of that goes to pay for fraud.
228.
Post 10048348 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
Major bitcoin exchange suspended after price plunge
http://www.cnbc.com/id/102309754"Some, however, are not buying this explanation.
"Don't believe Bitstamp. It's a matter of liquidity," Jeffrey Robinson, author "BitCon: The Naked Truth about Bitcoin" wrote to CNBC. "Who's next? It's as if Bitstamp realized they couldn't internalize the risk anymore so just decided, Let's suspend operations until everything settles down."
go bears.
I dont buy the illiqudiy problems, they make bulk of money on commission on trades. If anything its missing customer funds
229.
Post 10048738 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
Thanks for the info.
The 18k number seems to be floating around.
230.
Post 10050118 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
The chart is no too proportional
231.
Post 10050141 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
So now Bitstamp has to buy back its 18K BTC on the market asap
Not necessarily. They could dump inexistent coins and buy them back later at a much lower price. A sort of reverse Willy.
Traders do this everyday. Called shorting
Actually the coins are borrowed from long holders or equity is put in place as collateral.
232.
Post 10050241 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
I think large mining operations are fcked with rising diff
With mostly the overhead costs
Owner/manufacturers like Bitfury, Knc, and Bitmain lose less because they can get the equipment at pretty much the lowest cost.
233.
Post 10050639 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
I think large mining operations are fcked with rising diff
With mostly the overhead costs
Owner/manufacturers like Bitfury, Knc, and Bitmain lose less because they can get the equipment at pretty much the lowest cost.
There's also the electricity costs. These things are not running on air.
I am assuming $.10 per kwh in my calculations. At 9% difficulty and .50 watts/gh efficiency that mines about .52 bitcoins for lifetime of machine (1TH reference unit)
Of course
diff is the "X" factor
234.
Post 10050652 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
Market is being buoyed by Coinbase buyers switching to BFX and/or just somebody trying to put a floor under this. That said, the bottom is clearly about to fall out. Mining has accelerated so that miners can get new coins and sell them at this price before the price falls to the single digits. Then it dies. The end. Nothing else to say. The s--- has just died. Period. Death.
Enjoy the bloody sharts over the next few days.
... ?
That makes no sense whatsoever.
LOL
235.
Post 10050963 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
Soooo Vault of Satoshi is closing now?
wow
He got his coins alot cheaper than $ .0025
236.
Post 10058206 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
Someone has stolen some bitcoins from someone else!
This makes bitcoins worth less how exactly?
237.
Post 10060779 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
Assuming Bitstamp offers 100% refund then traders have the same amount of coins as before the hack
Why worry
238.
Post 10060906 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.44h):
Could also be only a small amount of sellers, but there are even less buyers who want to buy at this price
239.
Post 10072327 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.45h):
Do you have infos if stamp is deducting the fees in btc or fiat?
I would tend to say fiat but it would be not too far off if they atleast hold a part in btc?
I have less information than anyone who trades there. (Is the fee really 1%?)
It does not matter whether a payment (fee, purchase, deposit…) is in BTC or in dollars. Its value is best measured in dollars, converting BTC at the current market rate. How that amount is kept after the payment can be considered a separate decision by the person who received the amount.
That is, if Autumn pays Brock in BTC, and Brock keeps them as BTC for some time, it is the same as if Autumn had sold the BTC, given the dollars to Brock, and Brock has immediately bought back the BTC.
Yeah you are right with this.
i was thinking about the next step stamp is gonna take.
1. They have a private btc reserve
2. They have to buy back the btc
Option 2 has higher probality to raise the price
So basically alot of people bought "
cheap coins", when the hackers and other panickers were selling
240.
Post 10106179 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
worth noting that the 255 bottom was also the highest 2 digits hexadecimal possible (ff), coincidence?
yes ofc, you trolls, i'm just kidding
Also was close to April 2013 peak.
241.
Post 10107849 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
Take the Bulltard's head and just...
That's disgusting.
Good solution
242.
Post 10116298 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
Hmm i've expected a much higher demand at these levels
seems like no one wants to trade at these prices. Looks like China is dragging everyone down, over 2% spread between Hooboy and Finex. Well the good part is these low prices should fuck up the centralized miners who i'm guessing are behind these daily 2k dumps trying to stay afloat. Free market at it's best
The level you expect is much higher? $1000-$2000?
Now is $272
2 years ago is was only $12
243.
Post 10116311 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
Ultimately I think the only way to stop the constant crashing is if the international buyers find enough interest in bitcoin to buy a large chunk of the coins back from China.
Independently of whether the Chinese exchanges are solvent or fake or whatever, I still believe that lots of coins (at least 500 000 BTC, perhaps a couple million) went from "Western" hand to Chinese hands last November.
And I also believe that those coins have been coming back to the West since then (via arbitragers), as the Chinese are gradually losing interest in "bitcoin gambling". But the Chinese day-traders still have enough coins in the exchanges to set the price.
And I believe that the price has been generally dropping since then (apart from the two mini-bubbles I mentioned earlier) because there aren't enough people in the West willing to buy those coins that the Chinese want to sell -- plus the 3600 coins that are mined each day, plus the unknow number of old cheap coins that early adopters may be cashing out.
This chart shows that each day about 4 million bitcoin-days are destroyed, considering only coins that have not moved in the past year. That could man people moving 11'000 coins that were not moved for 1 year, or 5500 coins that were not moved by 2 years, etc.
It is hard to interpret these numbers, because "coins moving" does not mean "coins changing hands". Even so, it seems quite possible that early adopters are cashing out 1000 BTC/day. In that case, the people who are starting or increasing their BTC holdings would have to give 270'000 US$/day to those early adopters, in addition to the 1 M US$/day they must give to the miners, in order to maintain the price.
Selling
BTC1k is not sustainable, you must have coins to sell coins, sooner or later that source will dry up. Supply of
BTC3.6k/day will drop 50% in one year as intended. Both points suggest that bear market will end at certain time even if demand doesn't rise but stays constant, where these points will meet is the true question.
Assuming demand doesn't drop.
Meaning that there still has to be more buyers than sellers for price to rise.
244.
Post 10116506 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
That "old format wallet" could be it, yes: 200 kBTC that had not been moved since
the end of mid 2011 (about 1000 days before).
Huge
245.
Post 10128600 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
People arent sure if the price is cheap or expensive at this point, so undecisive.........
246.
Post 10128694 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
Bunch of friggin crooks
247.
Post 10131752 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
Looks like they want to test the lows from last week
248.
Post 10132020 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
What the hell is happening?
I wa wondering that too. Have the feds announced another auction or did something important happen at the trial?
Maybe there is no mystery or conspiracy and the "beartrolls" were right in saying that bitcoin is a shitty investment that was gonna get you screwed?
Good luck catching falling knives though.
Investing in tulips
249.
Post 10132075 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
What the hell is happening?
I understand a coordinated anti-terrorism announcement on Bitcoin is imminent.
I'm guessing Chinese mining farms are folding liquidating everything in a fire sale
STrange but probably true:
It is impossible to know exactly how many different electricity rates exist in mainland China, according to a report that says neither government officials who supervise power companies nor even the people who work there have a firm answer.
Government data from 2010 showed that the average on-grid price for power generating companies had touched 0.38 yuan (US$0.062) per kWh, Shanghai's First Financial Daily reports.
In terms of the transmission and electricity distribution rates, the fare charged by the State Grid for 2010 stood at 0.16 yuan (US$0.026) per kWh, while China Southern Power Grid had fixed its rate at 0.2 yuan (US$0.032) per kWh.
The average user-end rate reached 0.58 yuan (US$0.094) during the same year, and the user-end fees were categorized into the price of electricity for residential use, which stood at 0.47 yuan (US$0.079) per kWh and for commercial use at 0.81 yuan (US$0.13).
The tariff for non-residential use was pegged at 0.74 yuan (US$0.12), for non-industrial use at 0.77 yuan (US$0.12), for major industrial use at 0.61 yuan (US$0.1), for agricultural use at 0.43 yuan (US$0.07), and for farmers in poor areas at 0.19 yuan (US$0.03), the report said.
An official at the National Energy Administration said that the reality of the situation was much more complicated, however. The official told reporters that there may be more than 1,000 different fees in existence in different parts of the country.
Using Beijing as an example, the newspaper pointed out that there were 314 different fee schedules in the capital. It attributed the phenomenon to the market monopoly of power companies that permits them to decide both transmission and distribution prices.
Under that monopoly, companies are able to generate higher profits from different rates, the newspaper said.
The opacity regarding costs was also a major factor leading to the formation of this myriad of electricity rates, it added.
250.
Post 10132094 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
Wow...I can't believe I am here to watch this shit go down!!!
Remarkable...totally remarkable.
This is kind of like when it went to $1100 but opposite!!!
Perfect comparison, lmao. It's just "holy fuck, can it go any lower?!" rather than "omg rocket"
It can go to where someone wants to trade
thousands of coins for a Large Pizza from Papa Johns
251.
Post 10132103 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
I wonder what all the LTC whales thinking currently. I mean some of them went from multi-Millionaires to regular cars...
Are there really that many belivers out there that still think everything is going to be fine on the long term I will just sit it out?
I remember last year when ltc went from $2 to $38 wth crazy
252.
Post 10132170 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
China doesnt want bitcoin anymore!
253.
Post 10132179 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
good point to buy I guess, we won't break 250. Even if we do we will at least bounce back to 250 for sure.
But I thought Bitcoin was over priced at $95
254.
Post 10132209 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
good point to buy I guess, we won't break 250. Even if we do we will at least bounce back to 250 for sure.
But I thought Bitcoin was over priced at $95
well I mean for short term 250 is great. God knows how low we will go. I wouldn't suggest any of my friends to buy BTC over 100$ ..
Yes, me too
255.
Post 10132231 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
China doesnt want bitcoin anymore!
The Chinese exchanges will still buy your BTC. For a Chinese cheque!
The amount written out needs two lines. LOL
256.
Post 10132241 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
anyone notice the crash?
I was busy looking at this:
Performance
YTD -7.22 (-13.70%)
1 Month -12.07 (-20.98%)
3 Month -39.49 (-46.48%)
6 Month -55.71 (-55.06%)
1 Year -58.11 (-56.10%)
Oil's going to crash at least another 50%, so why not BTC? Fuck it, I'm buying all the way down. I'll be so broke when it hits $10 that I'll have to sell it all
Oil prices going down are good for 90% of the people on this planet and bad for 10%.
Bitcoin prices going down are good for 0.0001% , bad for 0.005 % and irrelevant for the 99.9%
Well versed, prophet
257.
Post 10132271 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
Bounced back from $236 on Huoboi
258.
Post 10132331 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
Indeed I think alot of farms and mining operations are holding less and less of the coins they mine.
That means a more steady dump, but that accounts for only a few thousands coins per day, the trading volume is more the traders speculating on the direction.
259.
Post 10132385 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
Did you say capitulation?
Someone is buying every coin sold!
Not enough people obviously...or the price would be going up.
Yes, thats why the sellers have to lower the price to find more buyers. This is why price gets lower.
260.
Post 10132502 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.46h):
Do you guys think it will ever recover back one day?
Its still up 10,000,000% up from inception
YES, you read that right. 10 MILLION %
From .0025 to $250 is incredible
261.
Post 10133351 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.47h):
Bitstamp | Total bids: 1066639 USD. Total asks: 12160 BTC. Ratio: 87.71315 USD/BTC.
😈
Now that's funny
262.
Post 10133440 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.47h):
Oh man, not feeling too good.
lol abercrombie <3
Bitcoin baby
263.
Post 10133487 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.47h):
what exchanges have a stop loss feature? seems dangerous with whales and a thin market.
Why are people even trading btc?
264.
Post 10143916 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.47h):
Next supports at $203 and $155
265.
Post 10144235 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.47h):
Still up 34,000% from 2012
266.
Post 10144305 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.47h):
China could test $1000 yuan which is $161
267.
Post 10144338 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.47h):
Its only a technical charting analysis
It only records former tops and lows. Where as the old top is current or future support. If it drops below the previous support it can drop another level.
268.
Post 10144551 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.47h):
New conspiracy thoery : Huobi and their Wirry bot are reading the way.
Or they are scaring people to sell. So they can buy more coins cheaper
269.
Post 10144560 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.47h):
24h VOLUME
FINEX: 146,229btc
STAMP: 60,758btc
I think this ends soon... Question is at what price
Agree volume is massive
270.
Post 10146998 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Interesting how LTC isn't going with this at all recently. It's risen quite a good bit against BTC because its price has been a lot more stable while BTC has been free falling. Maybe LTC just can't be made more dead than it already is.
LTC used to be matched with BTC about 1/30,LTC has been sliding for almost a year. It is now more 1/130
271.
Post 10147328 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
If you thought BTC was bad, LTC is down 97% from high. Down 97% BTC would be $35 now.
272.
Post 10147494 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
wtf is going on:
273.
Post 10147532 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
166 stamp
274.
Post 10147570 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Im going to hold off watching the interview this is more exciting:
275.
Post 10147665 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
276.
Post 10147696 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Hols Shit it went under $975 Yuan just now!
277.
Post 10147807 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
China broke the 1000 CNY support!
And okcoin.com USD/BTC reporting ~$176. RMB1000 = ~$160
Whatever about buying, nobody's even bothering to arb the exchanges!!! They're too busy protecting their assets.
It's a blood bath.
ok coin has 20x margin leverage
278.
Post 10147910 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
i'm locked in for 10 minutes to buy something with btc at 194. should i just do it? or will it rebound?
184 better or 174
279.
Post 10147969 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
If bitcoin was alot cheaper, more people would participate and actually use it instead of gamble on it.
280.
Post 10147985 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
btc-e is the lowest margin out of all of them, i think they only allow 3-4x
281.
Post 10148008 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
If bitcoin was alot cheaper, more people would participate and actually use it instead of gamble on it.
that's backwards thinking. most people who buy into bitcoin do it for the speculation.. and if it's crashing as badly as it has been, i really doubt new people will jump in.
Thats why the whole market and utilitarian use for bitcoin is fup.
282.
Post 10148038 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Possible short term bottom (VERY short term I would say). Still would not buy, not even for a quick flip.
Considering that we broke a multi-year log trend line like that (the only sign of an uptrend left pretty much) is not exactly your usual crash.
But maybe it's just me
Word on the street, if you were in the loop, is that this was all planned. The actor - or actors - if he has some friends are/were targeting the the GOX price at time of collapse. My understanding is there was talk of attempting to borrow a large number of BTC to make it happen. If so, and I'm not saying I necessarily believe it, this could be a setup for another shattering upwards movement. So be warned, the short game may be over, and if so, you and everyone else is going to be tricked over and over on the way up just like the longs were on the way down.
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Post 10148092 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Bitcoin was more fun at $5 when not many knew about it.
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Post 10148255 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
anyone else think this is just bitstamp dumping the market so they rebuy the stolen coins for cheap?
Stamp only lost 15k coins. The present volume is unreal
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Post 10148358 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
PS: Somebody also said that $300 could not be breached because bearwhale and all the support that we had down there. But nope.
Obviously not alot of buyers at 300
$10-15 would be fun to play with though
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Post 10148428 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
I bought 20
You're in trouble, young man. Just wait 'til your father gets home
[/quote
Lol
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Post 10148814 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
You've all seen the bottom, but who managed to buy large quantities below $200?
I bought 20 @188. Is that a large quantity?
More to fibbing than knowing how to use your browser's console/posting pics, young feller. How much was BTC going for yesterday?
On jan 13 range was 255 to 213
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Post 10148916 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
So the 30k BTC @ $300 guy from not long a go looks as one lucky guy right now
You're making
Bitcoin enthusiasts pro traders feel bad, don't be mean.
@samsonn25: so above 200. On coinbase (where he claims to be buying), it was probably higher still. Besides, both transactions are still "pending"
I bought on coinbase before. Lets see the invoice and to incude the service fee too.
The buy is almost instant (coinbase males you buy at market ask and sell at market bid. They have in house hot wallet and they also make spread) is pending because they wont release the coins for 4-5 working days unless it is very small amount approved on credit card. They rather do ach transfer be ause the service fee they lose less per transaction. Credit card merchants charge 2-3% transaction and ach is only $ .25
The jan 14 buy is possible. But not the jan 13 at 188 buy. Did you make another prior purchase the day before? You said you have 20 coins.
The coinbase server timestamp reports are 3 hours behind the real time because their company is in san francisco time.
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Post 10149350 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Ltc holders are selling some and converting to btc. At least lose less
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Post 10149410 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Ltc holders are selling some and converting to btc. At least lose less
Satoshi??
Charles lee. Lol
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Post 10157488 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Lucky BTC is not LTC
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Post 10157568 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
This is opposite of Spring 2013 when it went from $13 to $260
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Post 10157612 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Weak hands are being shaken. It hurts now but with BTC in stronger hands, the future will be better
I wonder how many retailers that accept bitcoin held instead of instantly converted btc purchases to fiat, and are MAD as hell that they are getting screwed holding less value than at purchase.
This is another source of the selling. the exact expansion of the retailers and companies willing to accept bitcoin in the perception of coolness or lowered transaction costs that sell to convert to fiat.
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Post 10157679 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Weak hands are being shaken. It hurts now but with BTC in stronger hands, the future will be better
That's what was said at 600, 400, 200...... 50?
That's my opinion now because I just can't imagine bitcoin going that low. Because I believe there is some buying pressure building on, buying orders will soon fill. Or maybe that's just what I want to think to feel better? Honestly I don't know ahah but this will affect Bitcoin and could possibly bring change. Change is good, not short term of course, but it will eventually be the catalyst to something better.
Thinking that bitcoin cant go that low is the same thinking as when bitcoin was 2 cents or less $.02 usd and they cant believe it went to $1100
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Post 10157684 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Finex seems to be the market leader these days with big volume.
Because of contracts and leverage.
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Post 10157698 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
It's raining coin! Hallelujah. It's raining coin. Ye ye.
Just again not for me
When / if the price will go down to $100 I am selling what will be closest to my hand and all in. Rofl.
If the price will drop to $20 I will sell everything
and then all in
If the ... bla bla bla.
This is amazing. Haven't seen that kind of price per one lovely Bitcoin from ~ 1.5 year.
My gf kinda sad cause she both in to hold @$700.
If she buy back in at $70 think about it like saving 90% from original price
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Post 10157767 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.48h):
Litecoin:
$1.14
I'm shocked
Me too.
From $48 is like 97% drop
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Post 10157890 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.49h):
Litecoin:
$1.14
I'm shocked
Me too.
From $48 is like 97% drop
If bitcoin is similar we have a long way to go.
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Post 10157961 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.49h):
Litecoin is at an all time low! $1.12 USD at this moment. Just another sign that crypto is on its death bed.
LOL, I distinctly remember buying 25,000 LTC for 7 cents each some time ago.
It was around that price .05 to .07 in fall 2012 when they opened it for trading and pegged it to bitcoin 30-35:1 which was when bitcoin was like $2
They equated ltc to btc like silver to gold
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Post 10158167 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.49h):
I am a buyer at $3 USD a bitcoin. I feel comfortable with that. I would buy a 100.
i still remember those days... and mining with ATI Cards 2 BTC / Day !!!!
I sold my last coins to buy a chanel purse and wallet for my girl friend. That has been paying serious dividends in bed, let me tell you.
Nice
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Post 10158192 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.49h):
I am a buyer at $3 USD a bitcoin. I feel comfortable with that. I would buy a 100.
i still remember those days... and mining with ATI Cards 2 BTC / Day !!!!
When I learned about bitcoin underground it was trading in chat rooms for .50 to .60 but in open market by traders was like $3-$5 and at that time wallets were harder to get just to hold them.
When I learned to mine when btc was $6-8 I was using the wrong gpu, grforce instead of ati. 5870 were hot back then
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Post 10158206 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.49h):
I am a buyer at $3 USD a bitcoin. I feel comfortable with that. I would buy a 100.
I said about 18 months ago that I think $20 is a good and fair price. I still stand by that comment.
$10-15 would be fun to use it actually for its intended purpose. A few hundred million market cap for an experiment is feesible
303.
Post 10158267 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.49h):
And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
That is a mistranslation; the Aramaic original said "the private key, or the passphrase, or the 2FA of his account".
haha, g1
FLY like a G6
https://www.youtube.com/watch?v=w4s6H4ku6ZY
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Post 10158296 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.49h):
Fly like a g6
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Post 10158421 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.49h):
Who is still shorting???
And finex didn't even fall much...
USD 0.0243% 0.0662% 14,105,693.21 USD
BTC 0.0494% 0.0444% 26,954.87 BTC
Shorts new ATH. Longs at the lowest level since May.
There arn't that many shorting
Someone is taking out BTC credit swaps to raise the price for the few people who are shorting. to remove liquidity.
They did it with LTC coin too, you can look here and see
http://www.bfxdata.com/Where is written how many btc swaps is atualy shorted?
Swaps have the same timing as the price movement...
In some cases yes.
I was watcching the charts quite closely and the live swaps as they come in, there are a large number of swaps going through that do not get traded.
It happens with both BTC and LTC. Good example look at the LTC spike 15:37 11th Jan, the swaps jumped to 191k from 127k in 1 go, http://bfxdata.com/swaphistory/totals.php
I was watching and nothing was sold, The swap was closed a little later after that period of selling pressure passed. (for the time being)
I have been studying it for a while.
Shorts are not as high as someone wants us to think they are. Bitcoin is being sold, not shorted!
Also some is fake advertising to influence price movement
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Post 10158513 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.49h):
CCMF!
Um, can we at least wait till we get back to the 200's? I would even say we should wait until the 300's for any CCMF posts.
Gut tells me right now its a trap and will go down sharply again...not saying new lows but saying it will give back some.
Gave back from $210 yesterday
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Post 10160981 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.49h):
UNDERSOLD.
EMA is 290
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Post 10161093 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.49h):
Charting might indicate that it would hit the daily EMA by end of February, which puts it within 220-260 range, but its trending downward still. This is only theory but charting indicates it has not stayed under or over EMA for more than 90-100 days in the last 2 years.
That would make it resistence at the top of the range. Can it break it or continue to follow downward trend.
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Post 10192151 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
Most credit cards and banks cover for unauthorized losses, which BTC does not have this insurance.
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Post 10192336 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
Most credit cards and banks cover for unauthorized losses, which BTC does not have this insurance.
But they pass this cost of fraud onto the consumer, effectively raising the price of everything you buy. BTC insurance could become a fairly large industry.
Citation please? People here say that a lot but I've never seen any proof that fraud is a line in COGS
I assume the merchants are subsidising that in the fees they pay.
Mainly is the " interchange fee" the Visa and MC and AMex, Disc pays to the middle merchant banks to promote their cards,which includes interest 2-3% and per transaction fees.
311.
Post 10192398 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
Most credit cards and banks cover for unauthorized losses, which BTC does not have this insurance.
But they pass this cost of fraud onto the consumer, effectively raising the price of everything you buy. BTC insurance could become a fairly large industry.
Citation please? People here say that a lot but I've never seen any proof that fraud is a line in COGS
I assume the merchants are subsidising that in the fees they pay.
Mainly is the " interchange fee" the Visa and MC and AMex, Disc pays to the middle merchant banks to promote their cards,which includes interest 2-3% and per transaction fees.
Yes merchants pay a cc fee. But any proof they pass this onto consumer? I think they just eat it in their margin. I know my business did
The intermediary bank and association pays for it.
But the "interchange" association will reimburse some of the loss to the final merchant if they used rules like i.d. verification and physical swipe of transaction them from the buyer, online sales are much higher risk than physical location, therefore the higher interest and swipe charges for online merchants.
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Post 10192599 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
IN a perfect world, retailers hate credit cards as they lose some profit from the sale.
But in reality and mostly in practice they are willing to give up this small percentage and surcharge as credit cards enable easier funds transfer than cash for many customers.
The result of this may be an increase of sales of 200-1000% for the retailer. So in the end they make more sales to make up for the smaller profit.
The worst example is gas stations which may only make 5-8 cents per gallon of gas, and may lose money when the price of gas is expensive because of the credit card surcharges. But in fact they dont make much from gas sales they make most of their money from the sales inside the market and convenience store. Like cigarettes, candy, soda, chips, things with much higher profit margin. The gas is to lure them to the shop.
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Post 10192636 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
yes.
There is still a long way to go for fast electronic cash transactions.
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Post 10192733 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
Most credit cards and banks cover for unauthorized losses, which BTC does not have this insurance.
But they pass this cost of fraud onto the consumer, effectively raising the price of everything you buy. BTC insurance could become a fairly large industry.
Citation please? People here say that a lot but I've never seen any proof that fraud is a line in COGS
I assume the merchants are subsidising that in the fees they pay.
Mainly is the " interchange fee" the Visa and MC and AMex, Disc pays to the middle merchant banks to promote their cards,which includes interest 2-3% and per transaction fees.
Yes merchants pay a cc fee. But any proof they pass this onto consumer? I think they just eat it in their margin. I know my business did
The intermediary bank and association pays for it.
But the "interchange" association will reimburse some of the loss to the final merchant if they used rules like i.d. verification and physical swipe of transaction them from the buyer, online sales are much higher risk than physical location, therefore the higher interest and swipe charges for online merchants.
Thank you.
I also think the claim that bitcoin is cheaper than CC is bogus. Cost per transaction is all time low and it's still around $8-9. A year ago it was almost $80 per transaction
https://blockchain.info/charts/cost-per-transactionWhat does this "cost per transaction" mean? The price of 0.0001 BTC? The Btcpay or coinbase fee? I think maybe mining cost / transaction count? Then it has nothing to do with the merchants or customer.
"Cost per Transaction A chart showing miners revenue divided by the number of transactions."
Build in process to distribute decentralized currency taken as a transaction cost, i guess when someone is on the mission to disproof something facts don't matter
The only reason the cost went down is because the price went down. When price is was higher it was way more expensive than CC. Somebody has to pay for that. It's not low cost as many claim
Huh what are you talking about? Do explain why i as a consumer or a merchants care how much miners are getting?
If you pay a merchant directly with Bitcoin the transaction fee goes to miner. So who pays for that? If the merchant pays for it what incentive do they have over CC? The whole argument that merchant have incentive to choose Bitcoin over CC and pass the savings to consumer has no legs
Merchants only want to profit more for themselves.
315.
Post 10192770 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
That pretty much sums it up.
For users it needs more adoption, it cost most people to acquire bitcoins and the price fluctuates every minute.
316.
Post 10192875 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
The federal government likes the credit card system because it increases consumer spending and boosts the economy, sales, jobs, etc.
Also the cc exchanges have powerful lobbies.
But they probably leave it to individual states whether or not they want customers to pay same price using cash or credit. They might see it as punishing the customer who does not have cash, although the intermediaries make the percentages and extra fees. Uhhhhh. Its a whole scam lool
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Post 10192891 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
"The card industry wants to perpetuate the myth that using a credit card is free, or priceless. But the cost is baked into the price of all the goods and services we buy."
Thats why alot of places have given up on all that BS and raised the cash prices to same level as credit card price to create the illusion that credit price is same as cash.
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Post 10193217 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
Most bigger retailers like Newegg and Overstock instantly convert btc to usd fiat, they probably have reduced commission rate at exchanges like Bitstamp at maybe under .5% for the transaction charge. But it is still lower than normal credit card.
I dont think they want to wait 24 or 48 hours to batch out all the bitcoin transactions for the last 1 or 2 days because the price may drop 20-30% just like that what we have seen last week.
319.
Post 10193478 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
"The card industry wants to perpetuate the myth that using a credit card is free, or priceless. But the cost is baked into the price of all the goods and services we buy."
Thats why alot of places have given up on all that BS and raised the cash prices to same level as credit card price to create the illusion that credit price is same as cash.
By alot you mean pretty much everywhere. The thing is consumers don't care about fees if they come out of the merchants profit margin, which they are if prices are the same for other payment methods.
If merchants had their choice I think they would rather charge higher prices and only accept credit, rather than sell at lower price for cash because most purchases people use credit/debit.
320.
Post 10193853 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
exceprts from the Atlantic News article.
Without Drugs, What's the Point of Bitcoin?
The Atlantic By Matt Schiavenza
11 hours ago
"Bitcoin is insanely traceable," Nicholas Weaver, a researcher at UC Berkeley's International Computer Science Institute told the Verge.
As an unregulated currency, Bitcoin appeared to be a natural fit for the illicit drug market. But while Bitcoin is anonymous, it isn't untraceable. When users convert bitcoins to hard currency, their name becomes linked to a "public blockchain" that comprises the entire transactional history of the bitcoin. This would be equivalent to a $20 bill containing a comprehensive history of every person who has touched it since emerging from the printing press. These public blockchains make it very easy for law enforcement officials, once users' identities are compromised, to understand the full extent of their illicit activity.
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Post 10196092 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
Btc price is up almost 50% from 4 days ago.
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Post 10196214 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
Thats the guy who traded 10000 bitcoins for a fully loaded papa johns pizza.
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Post 10198571 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
This thread will reach 11000 pages by the time the second playoff game is finished today.
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Post 10198815 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
325.
Post 10198835 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
326.
Post 10198890 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.50h):
The US government at least , only guarantees that the face value of the money that they print will be redeemable for that face value forever.
They do not however guarantee that prices of other things will not go up.
327.
Post 10198970 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
As relevant to USD & fiat in general as this SexCoin chart is to BTC and crypto as a whole.
On the contrary, I have been tracking it for years and it is appreciating, Id rather have the old zimbabwe than either the usd or btc
328.
Post 10199052 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
As relevant to USD & fiat in general as this SexCoin chart is to BTC and crypto as a whole.
On the contrary, I have been tracking it for years and it is appreciating, Id rather have the old zimbabwe than either the usd or btc
Why is it you Bitcoiners are so bad with numbers?
Hint: The naughts after the one make all the difference
P.S: If you also knew how to read... One Hundred Trillion != 1
Just my opinion, I believe it has higher value than the usd or btc
329.
Post 10199069 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
That's 'coz you can't math or read
what are u talking about.
I would rather have one of those notes than $1 usd or one bitcoin
maybe you want sexcoin instead
SMFHH
330.
Post 10199090 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
As relevant to USD & fiat in general as this SexCoin chart is to BTC and crypto as a whole.
It is relevant because the USD is deflationary and loses value over time. The Zimbabwe 100 trillion is gaining value because it is discontinued and a rarity item, and increased 700% the last 5 years where as the USD went down how much?
331.
Post 10199101 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
That's 'coz you can't math or read
what are u talking about.
I would rather have one of those notes than $1 usd or one bitcoin
maybe you want sexcoin instead
Ahh, I'm beginning to see the root of your confusion. You think one bank note = one unit of currency. Sort of like a $1 bill = $100 bill. Gotcha.
The zimbabwe 100 trillion is discontinued so technically the government wont pay you anything for it, so it is worthless? So it should be worth even less than $1 usd
I would rather have it than 20 $1 bills
332.
Post 10199140 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
...
It is relevant because the USD is deflationary and loses value over time. The Zimbabwe 100 trillion is gaining value because it is discontinued and a rarity item, and increased 700% the last 5 years where as the USD went down how much?
So... Mebby we should let Bitcoin fail completely, and it would acquire value as a digital collectible? There's a real black swan disruptive technology paradigm shift right there, no?
Thats the bitcoin value-trap. Who made up the value? only speculators and gamblers
333.
Post 10199157 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
Bitcoin wont fail because the technology was revolutionary. But I cant argue with someone who says its worth .50 cents or someone else who ways 1 unit is worth 1 million dollars
Apparantly someone thought 10000 of them was worth a large pizza, and another person thought it was worth $1200 last spring
334.
Post 10199202 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
Bitcoin wont fail because the technology was revolutionary. But I cant argue with someone who says its worth .50 cents or someone else who ways 1 unit is worth 1 million dollars
Apparantly someone thought 10000 of them was worth a large pizza, and another person thought it was worth $1200 last spring
It was two large pizzas actually, he drove a hard bargain.
^5
335.
Post 10199261 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
Yawn!
How come i never see any german notes from after the 2nd world war?
They were too valuable a commodity to use to keep the stoves burning
336.
Post 10199324 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
Kids, Deflationary means it gains in value, Inflationary means it loses value.. USD is inflationary prices rise because it loses value when more is printed..
Edit: maybe they should find an economist who gives lessons in crayon..
Play nice, I have to go to work now...
I meant to say the usd deflates as the economy inflates, chose wrong wording
337.
Post 10201420 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
What about our longterm trendlines? Have the bulls found a new trendline bears can break, after we now have broken all posted trendline of the last 14 months?
We need a new goal.
go break it and I will call you my personal jesus!
That's no valid trendline. It's violated from the beginning and inaccurate.
Besides its not to scale
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Post 10202087 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
Now that free trading on Stamp is over there is nothing to feed the Finex bears. Nowhere to go but up.
Unless buyers think the price is low now and might bounce to 240-260. In that case a small fee is not much.
339.
Post 10210890 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
Pump this bitch.
Give her all you've got.
aaaand it's gone.
Yep, failed breakout. Down it will be
tomorrow today.
Its up 60 points from last week
340.
Post 10210900 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
The triangle is closing: I wonder what will happen tomorrow.
The same thing that has been happening for a year now. Why would tomorrow be any different?
Why wouldn't be differrent tomorrow?
Price set for Winklevoss Bitcoin ETF - FT.comLOL
341.
Post 10211078 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
looking at hour charts is a waste of time unless you are day trading it like stocks.
another permabull, "Gambler" Why are you looking at hours charts,
What number are you looking at the breakout. You can look at whatever numbers you want, more important is the 205 from Fall 2013.
But it pushed past $206 the short term line because it was way undersold last week at $150, but heavy resistence is now at the $278 line daily ema, which obviously is dropping since Dec at $375.
Its possible to hit 220 to 260 in next 30-45 days but I also expect it to hit the very ema wall at that point and coninue the longer downward trend since Dec 2013 at 850.
Currently is holding steady, until more players trade it tomorrow when US participants are back from vacation.
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Post 10222733 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
Conbase only want to make more juice.
If they can be the preferred internet stock exchange for btc, like TD Ameritrade or Fidelity they can expand market for commissions, especially when they make the spread by only taking market orders to buy and sell.
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Post 10224011 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.51h):
344.
Post 10242630 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.52h):
Well, I'm bullish, as well. But we could really go either way from here. We may be in for a big bear trap, as well. Going down to re-test $150 is a definite possibility now, but we could be at $400 and counting in a matter of weeks, as well. Could really go either way...
Lots of resistance $260-270. If it breaks though can go to $320
345.
Post 10242647 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.52h):
where are lamb chop, Stolfi, fewcoins and others nowhere but down people now?
ShoormKit!
Samsonn25 was saying last week a base was building at 205, and was way undersold from the daily EMA.
346.
Post 10260210 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.52h):
If coinbase changed their high fee of 1% plus transaction charge, and allows limit orders to buy and sell would be a game changer as there is no reliable exchange in the US.
347.
Post 10268064 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.53h):
its going to be pretty fucked up if we're over or close to 300 by end of day
Overbought now, EMA is at $257
348.
Post 10277581 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.53h):
349.
Post 10288918 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.54h):
What just happend on stamp ?
Nothing unusual. Just like 2 days ago when the price was $310 it was way too high so it is naturally going back to a reasonable average price. Ema at $254 now
350.
Post 10291120 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.54h):
It will be even better if we do go up significantly again, proving the uptrend to be real and sustainable this time. The market is still completely paralyzed and shattered after a year of bleeding out. Regaining trust takes some time!
Personally I think that Coinbase pump and dump removed a significant amount of confidence and trust that was being slowly rebuilt. Lotta people got burnt AGAIN by obvious insider trading
OKCoin is still sitting with 14,000 futures contracts they need to liquidate at $275 and above ...
Their insurance fund is now annihilated and traders there will be taking a significant haircut this week on their gains unless we get above that level by Friday morning
Anyone who buys futures there today or tomorrow has a high chance of buying into a guaranteed socialised loss
Well it was disappointing, yeah, but if we actually overcome it, things will be looking even more bullish. What if everyone expects the market to go down... It goes up - we all know Bitcoin, don't we? But I agree that the debacle on OKCoin doesn't look good. But keep in mind: Coins/FIAT doesn't "disappear", it merely changes its owner who may invest it again.
Where there are losers there are winners too.
351.
Post 10294302 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.54h):
But the amount of BTC someone is dumping is amazing
What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.
I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of
BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed
You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant.
To increase your BTC stack you need to sell high buy low. There was like 2500
BTC sold roughly from 230 to 226 (sell high?). But there was no volume or opportunity to rebuy lower or even at same rate. That person either just cashed out or sold low and now rebuying higher. Which i doubt
They are buying now, not selling, that's what is confusing you. Let me try to explain through example of yesterdays and today's traders action: Massively dumping @ 300 yesterday bringing the price down, buying back at $265 yesterday. Again dumping @ $250 today, obviously buying back as we speak. As long as they can dump enough to start the price movement, there are weak hands continuing the trend until there's no force in the dump action, they start to buy back. The cycle is repeated at the next sign of market weakness. Everybody happy, weak hands liberated from the burden of holding BTC. Eventually the market will drive the price to expected high US$ dollar value when usefulness of the coin builds up in the years to come.
There is kinda conspiracy theory about that in the stock market too. But these are normal market forces at work here. True there are sheep and they are prone to emotional ups and downs easier than, lets call them more experienced or less emotional traders.
But in the end there are more sellers than buyers thats why the price drops. And price goes up when there are more buyers than sellers.
If the Big Boys are dumping to create a panick rush and try to make a big drop and their timing is not right they get fcked if other buyers, maybe some other whales are waiting for a good time to load up and up and up.
352.
Post 10296395 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.54h):
Fuck sake... should I buy a little (you know for savings not trading) looks like its a steady rise?
Why didnt you buy when it was $150's two weeks ago
Now it is up 60% from then
353.
Post 10306965 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.54h):
here is a hypothetical TA:
Trending to hit $120-130 by June-July?? or earlier?
354.
Post 10324188 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.55h):
Noob question. Is there a way for one to somehow value this instrument for market vs intrinsic value.. Any ratio performance driver?Or something similar in a way to 3 financial statement forecasting model for equities or is TA the only way to ride?
If I told you $ .0000000025 you wouldnt believe me.
If I told you $1,000,000,000 you probably wouldnt believe me either.
355.
Post 10324351 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.55h):
... velocity of money ...
What's interesting about money velocity is it's range. Average time bitcoin is held can vary from 10 minutes (confirmation time) to 20 years (retirement money), that is in million times. That is if bitcoin perception in user's mind changes from "hot potato" to "gold", it price will increase
million-fold.
Once you decide to hodl, you do not influence the price of bitcoins. The price is decided by those that trade on the exchanges.
Currently, those are speculative buyers, speculative sellers, buying to 'transact', selling to close the 'transact' loop, and daily $700,000 (or less) that miners have to sell to pay for running costs.
Third and fourth on that list should be equal. So, once the first and second items on that list become equal, (and there is no reason why speculative buying would have to be higher that speculative selling), the only way the price of bitcoin will go is down. Miners do have real bills to pay.
You forget that there are alt coins that are being used in order to lower BTC/USD lower so that they can sell those alts for higher USD value then they normally would fetch bassed on operating expenses.
Those would easily fit in the 'speculative buying and selling' categories.
I agree. Bitcoins average daily volume is greater than all other alt coins Total market cap except LTC.
356.
Post 10326823 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.55h):
Supply and demand wants to re=test $205 again
357.
Post 10326929 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.55h):
358.
Post 10347947 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.56h):
Major resistence at $240, will it break through or fail.
If it fails to break through it could test 205 at end of month.
359.
Post 10366858 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.56h):
RATHER it is a "LACK" of buyer interest, thats why the price goes down.
360.
Post 10368759 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.56h):
Importane levels.
$205
$155
$133
$65
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Post 10368812 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.56h):
362.
Post 10369249 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.56h):
I'm out of this shit. May the next drop now begin?
I sold at 300, happy I did
Sold @309. Rebought @228 and missed the exit @~240
Im sure exit will open again at 230.
Just not sure if it will retest 205 before then.
363.
Post 10398163 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
It´s official.
http://www.chinatimes.com/realtimenews/20150208002335-260410Google translate::
"Hong Kong, " Wen Wei Po" reported bitcoin (bitcoin) again to Hong Kong investors ' loss of hand bad feet " : Hong Kong, a Bitcoin payment platform has suddenly closed down , estimated at nearly 3000 Bitcoin investors may lose everything at any time .
It is understood that when a group of Hong Kong investors in Bitcoin trading platform related office visits , found that have been left vacant , suspected of fraud and pyramid selling , the estimated total amount of all " victims ' losses at any time up to three billion Hong Kong dollars . Today they will collectively Police...."
Thanks to Jorge for breaking the news. Wait until this hits the news worldwide on monday, which will probably trigger the crash to sub 100. We would go there anyways, but a good news story will probably add more momentum and preserves us from more failed pumps and boring sideways action before the crash.
So why aren't the Chinese exchanges dumping like crazy?
3 billion yuan = 2.17
million btc at the current price. 3000 investors means the average investor had 725 btc each
It seems to be 3 billion hong kong dollars = 386 million US dollars = 1.7 million BTC. If these were already stolen and sold though (with just a recent closure) that could help account for all of this downward pressure we've been having.
Could also be the people who bought between 150 and 200 last month sell to keep profit or those who bought 240 to 310 want to lose less. Gambling
364.
Post 10398307 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
There is probably only 10-15% float of all the entire btc in existence. Hard to believe since the other 85-90% is in cold storage.
365.
Post 10399177 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
It could be a good thing if that exchange has gone down.
More coins are lost which limits supply hence a price rise.
Just like the MtGox collapse and it´s missing 800k
BTC made the price skyrocket.
Yes. Haha
366.
Post 10407251 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
Ema has dropped to 229 and longterm downtrend still intact.
367.
Post 10407996 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
Ema has dropped to 229 and longterm downtrend still intact.
Whats Ema ? you mean 219 ?
Exponential moving average. There are different rates. Weekly. Daily. Hourly. they all have different lines
368.
Post 10408005 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
369.
Post 10410715 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
370.
Post 10412827 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
Alot of people will get nervous if daily EMA goes under $200
371.
Post 10413035 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
Support/Resisitence
200
150
132
372.
Post 10413164 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
Support/Resisitence
200
150
132
you missed 215 (2 failed tries in 1 week)
and 210 (2 failed tries in 1 month)
Thats around where we are at now, but the 210-215 is not as important as the 200-205, under 200 would be HUGE
373.
Post 10413268 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
as long as you dont break 215 and 210 (tried and failed) everything else will remain your dream
i mean bears burned 25k btc yesterday...and we are 3 usd down and it is the same amount of btc down to 200 as yesterday
By bears I am assuming you mean people who are deliberately shorting to make price decline.
This is different than holders who are selling coins they have bought or acquired, that is the law of supply and demand. They buy at one price and sell at another regardless of their reason for profit or loss whatever it may be. And if there are more sellers than buyers at a certain price that means price is adjusted down to attract the correct level of buyers to even the price and stop the decline.
374.
Post 10413355 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
Support/Resisitence
200
150
132
you missed 215 (2 failed tries in 1 week)
and 210 (2 failed tries in 1 month)
Thats around where we are at now, but the 210-215 is not as important as the 200-205, under 200 would be HUGE
Huge for what buying ?
Buying or selling. If buyers cant defend that line its a whole underworld under 200. Conversely if sellers cant break that level is will verify the very strong support at that level and price is easier to increase to higher levels above 200.
375.
Post 10413405 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
that would be true on a regulated and much larger market...we were forced down to this level with hunting stop losses, a fud campaign, and all kinds of manipulation
you are still here to fud this down...some more desperate than others...but this is not supply and demand...this is who has the bigger purse to begin with...but with the last FAILED attempts at least some of you did shut up...and maybe rethink to change position
I think you are diluted with this conspiracy theory about the market manipluation.
Basic market theory.
Its all about the money and the amount of sellers versus buyers.
If you put up 3 billion and kept on buying as other people sold, the price would never go down. The fact that there are not enough people to buy at a certain price means they dont want to pay that price or think it is worth less. If you think the price should be higher you should buy and support the current level. The only sellers would be those existing and a percentage of the coins mined every day. Not to mention alot of the existing old stash coins are in cold storage.
376.
Post 10413438 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
377.
Post 10413450 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
378.
Post 10413624 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
i guess we will see in a few months if i am right or you...
my guess is that some usd whales decided that they want to be early birds as well...which is of course good for me as well since i am able to buy at these or maybe even lower levels...
if you want to tell me this had nothing to do with manipulation and is just supply and demand you are either naive or a fudster
You must also think the stock market is rigged too. The truth is investors are smart not stupid. They reward companies with good earnings and steady growth by buying and bidding the prices up, the bad companies that dont make money or are sketchy has less demand from buyers and thus the price stays low because it must be discounted to find a level the buyers want to get in at, correlating the extra risks.
Apple stock versus GoPro
379.
Post 10415001 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.57h):
i guess we will see in a few months if i am right or you...
my guess is that some usd whales decided that they want to be early birds as well...which is of course good for me as well since i am able to buy at these or maybe even lower levels...
if you want to tell me this had nothing to do with manipulation and is just supply and demand you are either naive or a fudster
You must also think the stock market is rigged too. The truth is investors are smart not stupid. They reward companies with good earnings and steady growth by buying and bidding the prices up, the bad companies that dont make money or are sketchy has less demand from buyers and thus the price stays low because it must be discounted to find a level the buyers want to get in at, correlating the extra risks.
Apple stock versus GoPro
i have to apologize...you are not the common fud troll i thought you are
there is always some manipulation...also on wall street, london, ...
i guess you heard about
http://en.wikipedia.org/wiki/Geraint_Anderson ?
i dont want to say this all was just pure manipulation...there were many factors that came together...fact is we are where we are...and in my opinion this is now a huge opportunity
Apology accepted. Yes money moves the price Both ways up and down. To profit from price movement is best to Buy when people are selling and sell when people are buying.
380.
Post 10443219 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.58h):
Where are all the predictions and YouTube videos for bitcoin going over $10,000?
How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value.
Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of
profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for. Whereas, when you buy a bitcoin....
There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful.
$700B puts Apple stock at a ludicrous price/earnings ratio reminiscent of the Dotcom bubble before the 2000 crash. There may be no objective way to value bitcoin, but there are objective ways of valuing stocks and by most objective measures, Apple is way overpriced.
Apple stock pays a dividend
And the pe ratio is only 16.8 not bad for a company still growing
381.
Post 10459309 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.58h):
Probably 30-40% of McDonalds customers dont even have a bank account.
382.
Post 10474190 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
EMA steady at 232
383.
Post 10483596 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
(Before the first USMS aution, some people speculated that those ~30'000 bitcoins would be worth more than ordinary bitcoins in the future; both for having been "blessed" by the US government, and for their historical value, having been through SilkRoad and its takedown. But no one mentions that now. The "collectors overprice" of those bitcoins now must be the same as that of the the dollars that once were in Al Capone's bank account: none at all...)
I don't remember it ever being considered that seriously.
Far more important was the point that the U.S. Govt was selling them
at all. That for the first time the powers were de facto admitting bitcoins' legitimate right to exist, as it were. Illegitimate spoils of busts - the drugs themselves for example - aren't auctioned, but destroyed.
The beauty of fungibility then extended that 'blessing' to all bitcoins.
The us government will sell anything under the Rico act. The only reason they dont sell drugs confiscated is because it is illegal as written in the laws. They auction real estate. Personal belongings. Jewelry. Bullion. Alcohol. Anything that is not illegal to possess.
384.
Post 10483750 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
"Artificial commodity and artificial scarcity" was an interesting phrasing.
385.
Post 10507843 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
We at fair value now, EMA is $234.50
386.
Post 10517822 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
With the next auction of DPR's 50,000BTC coming up in March I expect most of the coins to be sold much lower than market price and I also expect a huge dump after the coins from the auctions are dispersed. We may even see sub $150 coins at that time. I highly doubt any good positive gains until at least a few weeks after the auction. Most people won't take that chance of getting dumped on.
auction will be a non-event. nothing will happen at all.
Please explain.
in last auction nothing happened in the day of the auction.
Tim Draper needs another loan to cost average down and buy a third time.
387.
Post 10517849 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
In all seriousness, the Greek situation demonstrates how important Bitcoin COULD be. There is a nation of 11 Million people who may soon discover that their chequing accounts are part of a high-stakes game of poker between Angela Merkel and Syriza.
There is a 5-15% chance that the Greeks leave the Euro in 2015 and are forced into converting to Drachmas (IMHO). Greek savers will collectively lose Billions of dollars in buying power if that happens.
Most people don't worry about Capital controls, banking panics and access to their life savings until they are faced with a major crisis, and then people make emotional decisions.
That being said - the Cyprus Pump was probably not caused by Cypriots buying BTC hand over fist, and if we get a Greek pump, I doubt that much of the volume will come from Greek people. It is more of idea that the Market recognizes such events as damaging to the present financial system (which has only been in place for 40~ years). It is the same reason Gold may rise if there is a "Grexit" - 80% speculation, 20% increase in real buying. This last paragraph is 90% my biased opinion - as is most of this post lol.
Greece biggest problem is that they spend more than they make. The USA too, but the Americans have unlimited credit lines and can always print more money.
388.
Post 10522871 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
Someone is cranking up the hashrate. Bitfury or Knc
389.
Post 10535322 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
Radeon 5850 cards were about $300 usd when they came out in 2009. Very expensive back then late 2009. Lets say the price dropped somewhat by fall 2010, bitcoin price was only like .06 so buying a card for $150-200 to mine .05 a day used more electricity than the coins it mined. So it was still a gamble, experiment back then.
390.
Post 10535369 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
Yes becaus people who already had the video cards were using them to game, and mine on the side. But to buy it and mine exclusively had to be crazy. I dont even think they knew about the gpu power until 2011 or 2012. They were still using cpu back then until they figured out the computing efficiency
391.
Post 10535498 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.
you cant really compete with asic producers. only if you have low electricity, like below 0.06 $.
Exactly.
Intel q6600 is still only drop to $30 and 4 years ago was $60
XFX 5870 now is almost same price as almost 2 years ago on used market.
392.
Post 10535549 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.
you cant really compete with asic producers. only if you have low electricity, like below 0.06 $.
Exactly.
Intel q6600 is still only drop to $30 and 4 years ago was $60
XFX 5870 now is almost same price as almost 2 years ago on used market.
Which one is more powerful? Or are they the same power/kind?
5870 was more powerful than 5850. It was clocked higher and had more stream processors.
393.
Post 10539042 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
When asics came out, people were using the cards to mine Scrypt and then convert ltc to btc. THe last great cards were the 7950 (2 years ago) and the recent r9 290 (1 year ago).
394.
Post 10542541 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
Its funny how they usually lower the hashrate 18-24 hours before most diff jumps
395.
Post 10544629 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
Maybe because it has been over the 236 ema the last 4 days.
396.
Post 10544981 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
Because they are preparing for next gen.
397.
Post 10545056 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_13.59h):
Because Spondoolies is preparing for next gen machines.
398.
Post 10546911 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
Thats too generous
399.
Post 10550965 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
If this bear market has been largely caused by Chinese miners that can do nothing with bitcoins except sell them, then it is likely to end when one of two things happen: Either they run out of stockpiled coins to sell over and above coins they are mining, or when the Chinese economy gets so bad that they realize that the killer app is to sneak out of the country with them.
Right now Bitcoins seems to be an answer in search of a problem: Most obviously capital controls in a world where capital is still largely mobile. When this situation changes, it is likely to be sudden and swift although the time frame is difficult to predict with any accuracy.
Mined coins are not that much, 3600 per day and the Chinese probably only have less than 35% share of that so thats only 1200 coins per days assuming they sell all of them every day.
There is more belief of short traders and options sellers using leverage.
400.
Post 10550992 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
If this bear market has been largely caused by Chinese miners that can do nothing with bitcoins except sell them, then it is likely to end when one of two things happen: Either they run out of stockpiled coins to sell over and above coins they are mining, or when the Chinese economy gets so bad that they realize that the killer app is to sneak out of the country with them.
Right now Bitcoins seems to be an answer in search of a problem: Most obviously capital controls in a world where capital is still largely mobile. When this situation changes, it is likely to be sudden and swift although the time frame is difficult to predict with any accuracy.
Miners aren't the ones selling in this market. It's pure speculative manipulation. A miner would never dump coins and cause the price to decline. They would sell the minimum number of coins necessary to cover costs at the best price possible and stock the rest for a much higher price.
Lets put this one to bed, miners are not dumping coins and they are certainly not dumping them as a market order.
^5
401.
Post 10551174 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
It would take the largest Mining Cartel a month to mine 20k coins
402.
Post 10551217 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
It would take the largest Mining Cartel a month to mine 20k coins
Or a big mine holding them for 14 months, waiting for the price to recover. More probably the net sum of many miners doing the same, but also speculators who need to liquidate some of their holdings for similar reasons.
Unless they have triple deep pockets, im sure they have to pay back the capital expenditure, ultility (electricity a HUGE expense) company, rents and employees salary weekly or monthly.
Last Dec 2013 btc price was $640 miners who held mined coins to sell now would be f.u.b.a.r.
http://www.urbandictionary.com/define.php?term=fubar
403.
Post 10571736 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
lmfao
404.
Post 10591445 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
The buyers at the auction will probably hold on to the coins for awhile
405.
Post 10593992 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
What I meant is that "bitcoin insurance" can probably only be what circle and coinbase are offering, basically telling people that "it's all insured" but if your computer/account gets hacked you are screwed and they don't give you a penny.
Considering bitcoin is irreversible and all, good luck with actual consumer protection.
If I let my computer get hacked, and the thieves empty my fiat bank account, I'm screwed, too. No difference.
One of my neighbours had her bank card stolen after she went to an ATM. The thieves had seen her typing in her code. She got nothing from the bank.
Sounds like utter bullshit. What country do you live in?
The things I say can't sound more like bullshit than the things you say. I live in the Netherlands. (Because you asked so nicely.)
Seems that people in the US have problems like these, too.
https://medium.com/@adamdraper/a-hacker-stole-50k-from-my-bank-account-388822389671Hahahahahahahahahaha Another BITCOIN SCAMMER
"My name is Adam Draper, I run an accelerator for Bitcoin startups called Boost VC and on January 14th, 2015 I had $50,000 stolen from me. Which is a lot of money, and the worst part is, I don’t know who did it, so I can’t take my rage out on them. So this was my $50,000 lesson."
This guy is also dumb. And wires can be stopped after they are transmitted. I assume the receiver had a fake bank account and id too to open it and make the withdrawal.
406.
Post 10594079 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
I did read it.
Both the account and guy were wrong if they blindly send 50k wires by email instructions.
407.
Post 10594402 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
I did read it.
Both the account and guy were wrong if they blindly send 50k wires by email instructions.
Of course. Just as wrong as people who leave bitcoin and fiat on exchanges. But the point was to disprove NotLambchop's fabulous consumer protection that banks give according to him. They don't.
Credit card would have that protection. And thats what bitcoin doesn't have fraud protection and reimbursememt. Thats the few percentage points difference between them both for the transaction fees.
408.
Post 10594488 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
I did read it.
Both the account and guy were wrong if they blindly send 50k wires by email instructions.
Of course. Just as wrong as people who leave bitcoin and fiat on exchanges. But the point was to disprove NotLambchop's fabulous consumer protection that banks give according to him. They don't.
Credit card would have that protection.
You know , people pay though the nose for that "protection" in a form called interest rates. Plus you assume that everyone has a credit card, which is hardly the case.
Credit is a privilege not a right. If someone hacked into your bitcoin wallet amd stole 50k from it you wish it would have been a credit card instead that you could report stolen. The interest and wouldnt mind paying interest to use it, only if you dont pay it in full in a month.
409.
Post 10596210 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
Nice move up, but the volume is slightly suspect
410.
Post 10596404 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.00h):
Could be building a base here the last 2 weeks.
EMA is $233 now though, but stable
411.
Post 10630364 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.01h):
everyone please bet yes
What agoods business model...They take like 40-60 % cut from outcome
412.
Post 10630425 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.01h):
That's not true look atthese odds and payout is a huge spread
413.
Post 10630454 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.01h):
That's not true look atthese odds and payout is a huge spread
read the faq instead of making yourself look like an idiot
If you think is so easy you are dreaming of playing casino.
More stupid than Satoshi dice
414.
Post 10630518 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.01h):
That's not true look atthese odds and payout is a huge spread
read the faq instead of making yourself look like an idiot
Again the odds of going over $500 are stacked 35 to 1. But they only pay out 5 to 1 hmm great deal.
If you think is so easy you are dreaming of playing casino.
More stupid than Satoshi dice
415.
Post 10630622 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.01h):
Bitbet.us has great reviews as a scam site see site jabber.
416.
Post 10630983 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.01h):
417.
Post 10631013 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.01h):
418.
Post 10660581 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.02h):
EMA $239
419.
Post 10693572 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.03h):
The triangle seems to break to the upside. But no major pump yet, hmm...
We are slowly going up, it doesn't feel like the usual pumps.
Price gain is limited (yet), but market indicators are in the overbought zone. I closed my long, just in case, may reopen later.
Smart move of a wise trader who knows how to read charts to prevent getting bulltraped by chinese wash volume "pumps". Target of this shity fake pump is 1760 cny, then dump.
Buying futures now and having a huge profit like traders who bought futures at 100$ in early November 2013 would be nice.
The price range was $200-360 the first week of Nov 2013 so I dont see the profit you are talking about
420.
Post 10817378 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.05h):
After spending the last 3 weeks above the daily EMA it is back under it now.
EMA at $264 now.
421.
Post 10898640 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.07h):
Bumped off temporary support at $237
422.
Post 11089824 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.11h):
Next support at $210
The bright side is the EMA is $250
423.
Post 12460388 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.26h):
LMAO
424.
Post 12803536 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_14.29h):
Up 20% above dma now
425.
Post 23466048 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.24h):
Kraken is the worse broker exchange i have ever traded with. 90% of my orders get cancelled because their trading platform is too slow or not synced correctly. I expect to get an order confirmation in less than 1 sec. Not 30-45 sec then a timeout or crash.
426.
Post 23735225 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.24h):
If no one sold bitcojn the price could theoretically go up to infinity, because no amount of money could ever buy one if there was no one to sell on the other side.
427.
Post 23814119 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.24h):
Bitstamp is solid.
Kraken reputable but their system is slow as hell.
Poloniex 5 weeks later still trying to verify my documents. Gonna give up on them.
428.
Post 23868808 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.24h):
I bet all those chumps who paid half a bitcoin for some bud from
Alpha Bay last year are kicking themselves about now...
Can never regret having fun.
Just like paying 10,000 bitcoin for 2 large papa John's pizzas. When btc was worth much less than a penny.
429.
Post 23877054 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.24h):
430.
Post 26743204 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.34h):
Buy at 15k and 14k. 13k add 50%
431.
Post 28281290 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.38h):
All the people who didn't sell at 19k was thinking it would go to 100k before retracing the 3day dma at 11k
432.
Post 28337479 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.38h):
3day dma is 11500 1 week is 7200
433.
Post 28338281 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.38h):
I’m eating a late lunch, sipping champagne & even I will admit this is fucking terrible. I won’t be able to retire for at least another two or three years at this rate.
Let me stress to all those panicking though - You haven’t lost anything if you don’t sell - 1 bitcoin is still 1 bitcoin. HODL & you will be greatly rewarded after the next halving.
btc is a failure and useless as a payment system
governments are cracking down on btc trading
ppl buy it as an investment and right now it looks like a shitty investment to make
1 bitcoin is only worth what ppl think its worth
Yes a quarter of a penny 9 years ago
434.
Post 28338467 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.38h):
Wow went down to 9200
435.
Post 29419404 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.41h):
Next major support is weekly moving average 7800
436.
Post 29435940 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.41h):
Nice healthy correction, especially all the other alt coins that were in a BUBBLE
437.
Post 29437360 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.41h):
And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....
In theory tether is pegged very close to the dollar. It has been flat the last year while most coins are still up 300-1000%
438.
Post 29437842 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.41h):
Who in the world is still selling now? You need to be absolutely crazy to sell atm...
Probably the people who got in late, btc was $2600 3 months ago and ran up alot , too much actually
439.
Post 29439390 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.41h):
And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....
In theory tether is pegged very close to the dollar. It has been flat the last year while most coins are still up 300-1000%
Quite, but isn't the whole point of this latest round of FUD that Tether is an unbacked scam and therefore not really worth $1 or tethered at all. If the price is stable close to $1 then maybe it's not a scam and all this is just made up shite and not even FUD
But it is true that its officially unbacked, contrary to what you read about the founders and partners bank accounts.
440.
Post 29440221 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.41h):
To make things even murkier, the ability to withdraw your Tether to your bank account in the form of USD has not always been guaranteed. As recently as December, Bloomberg reported that Tether's Terms of Service read as follows: “There is no contractual right or other right or legal claim against us to redeem or exchange your tethers for money. We do not guarantee any right of redemption or exchange of tethers by us for money.”
Importantly, a search of the company's current TOS page shows that language has been removed. Now, the company states that "Absent a reasonable legal justification not to redeem Tether Tokens, and provided that you are a fully verified customer of Tether, your Tether Tokens are freely redeemable."
The Terms of Service go on to note, however, that "residents of certain U.S. states are not permitted to be customers of Tether; are not permitted to cause Tethers to be issued or redeemed; and, are not permitted to hold Tether Tokens."
441.
Post 29440300 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.41h):
Now im pretty scare. This is bad, no signs of the stoping.
You are supposed to be buying now, not be scared
442.
Post 29440393 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.41h):
Ripple lost 33% of total price. If this continues for tomorrow price will be 0.000001$.
90% of coins You will lose its peak.
The market was bigger than its real value
But you know Ripple is up alot and was half a penny last year?
443.
Post 29440891 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.41h):
Guys i think its over...
IT was a honor ;(
Don’t be silly. It’s not over it’s barely begun. We might go to 3k between here and there but that’s nothing. We will be back bigger and meaner than ever. If changing the world was easy, everyone would do it.
I agree, too many gamblers
444.
Post 29442519 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.41h):
7600 Major supoport
445.
Post 29463150 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.41h):
Bounced off major support at 7700
446.
Post 29619565 (copy this link) (by samsonn25) (scraped on 2020-04-04_Sat_15.42h):
The same reason it was .0025 cents 9 years ago.
No one know the value
