All posts made by byronbb in Bitcointalk.org's Wall Observer thread
1.
Post 1882537 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_10.53h):
Seems like lag issue has been sorted out....
2.
Post 1957285 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_10.54h):
Incredible volume during that sell off from the all time high. Compare that with the run-up and it is night and day. Not sure what to make of it.
Market is loaded with noobs and fish traders. If and when we see another epic rally the "top calling" narrative will be good comedy as market participants are primed to expect the rug to be yanked out at some point.
3.
Post 2000679 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_10.55h):
Incredible volumes. I remember when 10kUSD would move this market. Now we see a 2.5million sell off and we creep lower.
4.
Post 2013192 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_10.55h):
5.
Post 2099323 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_10.58h):
I really hope this upward breakout didn't come as a huge surprise to anybody. I understand that there is still a lot of - justified - reservation about the question if the post-bubble correction is really over, and users like evolve and slipperyslope certainly like to remind us of that reservation on a daily basis (no offense. I appreciate the posts of you guys), but any serious look at the recent order book totals, the money flow of the past 6 days, or the sentiment on this forum ("I'm gonna buy *so hard* once price hits 90") should have convinced you that, at least short term, the only way was up. What will happen in a longer time frame, next weeks/months, is another question.
This. The market can absorb HUGE volume sells and pops on 10k buys.
6.
Post 2099488 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_10.58h):
7.
Post 2101276 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_10.58h):
My gut is screaming bull trap
My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time.
Getting mixed signals here.
Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better"
Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend.
Edit: that being said... I'm getting super impatient.
For sure. All breakthrough discoveries are of inspiration not cold logic.
8.
Post 2163416 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_10.59h):
Possibly the weirdest video I have ever seen and I have watched two girls one cup.......this bear video is really bizarre.
9.
Post 2182560 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_10.59h):
TSUNAMI ALERT.
10.
Post 2334784 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.01h):
LOL. A million comes into the order book and a million dollar wall goes up. Noob alert?
11.
Post 2336132 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.01h):
LOL. A million comes into the order book and a million dollar wall goes up. Noob alert?
Didn't say I believed that explanation, just that it was the simplest, as per Occam's Razor
Stand down noob assault team
Just meant nothing is more noob than wiring 1 mega to mtgox then putting up a bid wall like that. I guess he could of just plunked it into the ask wall.....now that would of been cool.
12.
Post 2364907 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.01h):
Some people are buying at current price (~$123.5) , while the bids are almost non-existent until $120?!
Some people need bitcoins to buy goods, they don't have time to wait for a few cents off.
Is it possible the bitcoin economy (ie actual demand) is what is pushing the price up after these massive dumps?
13.
Post 2364922 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.01h):
It IS monday after all AND people just got paid for the EoM; the money into the order book looks like the cumulative action of many small timers.
14.
Post 2416859 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.03h):
$70 by Wednesday. Then a nice steady rise to $100 again.
You think the 105 wall is fake?
Very jagged walls like that imply ownership by a single person. Fake or real is not really the issue imo; it means buy support can suddenly disappear at the whim of a single market participant.
15.
Post 2416883 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.03h):
$70 by Wednesday. Then a nice steady rise to $100 again.
You think the 105 wall is fake?
Very jagged walls like that imply ownership by a single person. Fake or real is not really the issue imo; it means buy support can suddenly disappear at the whim of a single market participant.
Imagine the panic it would cause if it disappeared now
Exactly.... Moreover the ask side is offering terrible liquidity.
16.
Post 2417279 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.03h):
$70 by Wednesday. Then a nice steady rise to $100 again.
You think the 105 wall is fake?
Very jagged walls like that imply ownership by a single person. Fake or real is not really the issue imo; it means buy support can suddenly disappear at the whim of a single market participant.
Thar she blows.
17.
Post 2417515 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.03h):
What an EPIC dump.
18.
Post 2417541 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.03h):
Gox not lagging....
19.
Post 2417583 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.03h):
COUNTER-PUNCH!
20.
Post 2417665 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.03h):
Someone who dumped 60K bitcoins at 101, is not going to buy back in. Moreover, if they have more btc, they're likely to wait for the rebound to lure more fools into the milking barn...
Noone dropped 60k at 101. Maybe you are talking about the eaten 10k wall?
My guess for the reentry in in the 50 range. We might see a
bull trap there.
Ya agreed. While this hurts my equity it is amazing to watch bitcoin now vs that of a year ago. I just watched 50k btc selloff worth 5 million dollars. Been around this board when we watched it go to 30 then grind to $2 then crawl to $20 then RAMP to the moon. A $100 bitcoin is truly amazing in its own right. Everything about this night is bullish long term.
21.
Post 2418250 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.03h):
We really need to set an alarm on this bad boy.
22.
Post 2418478 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.03h):
23.
Post 2426844 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.03h):
Wtf buying into massive spreads with thin liquidity. $5 swingsssssss
24.
Post 2426884 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.03h):
Interesting....
25.
Post 2456097 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.04h):
point being a lot bulls want to buy, but the prospect of really cheap coins tomorrow compared to today keeps even them waiting
Hahaha ohhhh such gold.
26.
Post 2471119 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.04h):
These dumps always seems to happen at around 5am UK time, I wonder where whoever keeps doing this is based.
its 1AM on the east coast.
someone is purposely trying to bring down price when people are not watching?
I am puzzled too. Is he trying to stop out people on margins? Is it the actions of a mining company who is just getting whatever they can get. Is it an attempt to screw with the VWAP, which guys like Tangible Cryptography used to set their sell price each day? Are there huge volumes transactions taking place between parties that are below public radar?
27.
Post 2477830 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.04h):
Still around 100$. Now i won't exclude a bullish break-up with target 110$ ...
My bet is we won't see 116 before crashing to 85.
What kind of odds do you get on such a bet?
28.
Post 2479195 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.04h):
Bids terrified of a $400k ask wall...for shame.
29.
Post 2479216 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.04h):
Bids terrified of a $400k ask wall...for shame.
They might be terrified that other people are terrified
Well that seals it, the terrorists have won.
30.
Post 2479234 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.04h):
Don't like how the green volume candles aren't even popping the market anymore.
31.
Post 2479532 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.04h):
wtf happened to the 5K wall at 100?
Can't get heads or tails of this market. If you are trading this you are either crazy or a member of the illuminati.
32.
Post 2479708 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.04h):
fuck ya buy those cheap coins!
Pfft, I'm holding out for 8am Sunday morning GMT. Just wait for it...
I'm loading up on S.dice ( it crazy cheap these days, could be cuz they had bad luck last month and so their was no dividend )
Isn't it still running above expected value??
33.
Post 2480686 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.04h):
fuck ya buy those cheap coins!
Pfft, I'm holding out for 8am Sunday morning GMT. Just wait for it...
I'm loading up on S.dice ( it crazy cheap these days, could be cuz they had bad luck last month and so their was no dividend )
Me too. Where are you buying? I'd like to avoid Popescu's shop (mpex)
But they are a Popscu's pass through. Can't trust the bitcoin world imo.
34.
Post 2481189 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.04h):
35.
Post 2487307 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.05h):
36.
Post 2506815 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.05h):
37.
Post 2509969 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.05h):
38.
Post 2527721 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.05h):
The past month has been a cut-and-dry downtrend. Good luck pitching investment to a newcomer, let alone convincing them to pay more than $100 for a coin. 100 euros was a nice ceiling on btc/usd (~$130), 50 euros will be a nice floor.
Yawn.
have some coffee with that cup-and-handle turned flag/pennant pattern... bullish looking right?
Ignore mode, activate.
39.
Post 2532262 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
This is more along the lines of my thinking.
Why is $180 being thrown around ?
Am I missing something here ?Nope...just your average delusional Bitcoiners, doing what they do best...dreaming. Every chart, news cycle and closed exchange equals...up, up, up, regardless of reality.
This thread is more fun when viewed like this:
And you are the troll type who has been singing doom and gloom since we broke $20.
40.
Post 2532816 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
I wish that wall at 115 would get removed.
People are willing to buy, the price wants to go up. Why sell at 115.
Its interesting. Coins are fleeing gox but the asks are holding huge at 115-120. If they drop or get bought we could see a big rally.
41.
Post 2534208 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
ASICMINER thought me one thing: if it reaches a new level, it seems to stay there. 0.80, 1.25, 2.50 and now 2.85.
I'm very sad I didn't buy bASIC after reading the "news" or on the rise, but you'll never know where the top is, before you reach it. It yet has to show it's "no bubble" like AM. Fundamentals looking good though. But it's very nice to see more volume altogether. Share trading is fun, it's like getting double gain due to BTC/USD + BTC/share on top.
Where do you trade these? And is this graph from there?
42.
Post 2534854 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
Time to get into the goxusd to cash business.
43.
Post 2536601 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
Virtex about $5 lower than gox too.
44.
Post 2536900 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
lol bitstamp going to love being MtGox's USD withdraw service.
45.
Post 2536972 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
If you sold coins at bitstamp at 100 then why not buy them back at 95?
46.
Post 2537687 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
See ya later bitstamp.
47.
Post 2537749 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
48.
Post 2537780 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
Some big impatient big buy at $115 .. weird.
Just a whale trying to push us up over the downward trend line.
I think it is more like someone that need to transfer money out of MTGOX quickly are buying all the bitcoins he can, and moving the bitcoin to other US wire friendly exchange instead.
Perhaps so, and then their timing is incredible. But really who needs $500,000 that fast? haha, I'm sure for the ultra rich that the situation could happen, but I just don't see it.
Neither do I when you consider no other exchange has any USD liquidity that can absorb a 5000 coin sell off.
49.
Post 2569123 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
As a long bull I am feeling very bearish. These Mt Gox issues are bad in my mind. People are happy Gox is losing market share but for me it's more like the lynchpin of the bitcoin ecosystem is failing due to political forces. If the bitcoin processors are dependent on gox then we are close to the point where retailers give up.
50.
Post 2572377 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
51.
Post 2572420 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
Moody working fine for me.
52.
Post 2577861 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.06h):
Any good android market watcher apps?
53.
Post 2587312 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.07h):
Yes, certain people are interested in keeping the price around $100.
If the market really wasn't comfortable with that, the price wouldn't still be there. So you can't really say that it's "artificial." The people putting up the walls don't have unlimited powah.
Ya no doubt about this.
54.
Post 2587707 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.07h):
I really wish transfer between BTCe and Gox was easier.
Never though I would say this, but I really wish somebody could create Pegcoin, all the advantages of instant, decentralized transfer of bitcoin, but pegged to fiat currency value. Obviously I prefer something with a limited supply like bitcoin, but for now it would certainly make arbitraging a lot easier... Probably not a viable idea to implement though (not to mention the legal issues).
Ripple?
55.
Post 2590299 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.07h):
Pressure's building, soon its going to go Pop!
Well we had a 40k green candle and the price didn't budge, so we are going to need some serious firepower.
56.
Post 2591282 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.07h):
Anyone familiar? Didnt read through whole thread.
https://bitcointalk.org/index.php?topic=197175.0
57.
Post 2601130 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.07h):
Sort of like anticipating the 1st big drop when on a roller coaster; that slow creep towards the inevitable PLUNGE....
58.
Post 2604929 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.07h):
So someone wants to unload huge coinage and is propping up buy side to pick off anything offered above his fake walls? Since gox has usd delays he can bleed it out slowly over two weeks. I've been scratching my head at this market for days now and can only come up with this.
59.
Post 2608904 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.07h):
Seems like the fake bids we saw all day have gone away.
60.
Post 2609292 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.07h):
Somebody wants us to stay over close to $100
To the purpose of?
61.
Post 2646801 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.08h):
Today you can go to
http://bitcoinfund.eu/ Account minimum is US$1Mil, though they are reputedly lowering it for Bitcoin only accounts.
I see how I can buy, not how I can short...
Account min was wrong above:
Minimum Account size with EXANTE EUR 100,000.
Minimum Bitcoin Fund transaction size EUR 10,000
If you want to short, call them up.
Or you can do it the penny-ante way and borrow from coinlenders at a high rate.
Again, I saw that, but I still don't see if they offer any kind of shorting.
62.
Post 2654788 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.08h):
Very very cool. I'd like to see how this plays out. Many have said it will be in the 2nd and 3rd world nations where BTC gets traction first.
That makes sense because that is where the weakest fiat is issued.
63.
Post 2654822 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.08h):
doesn't quite fit the subject, but however i have to throw in that article
as it's a very interesting read about Hawala - an old method for trading money (that roots back to the eighth century)
http://mkshft.org/2013/07/thin-wireImagine entities that wished to move large value assets over borders without declaration or taxation. They convert it to bitcoin from A then sell it in B. If the local bitcoin market place becomes robust enough, this could be performed at a cloud type level.
64.
Post 2658747 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.08h):
Are we really going to revisit $50 bitcoins? This is weird to me. ASIC was a revolution in the security of the network and the speculators reacted appropriately. $50 is where the price simply began to ramp up after the massive battle over $20. Sub $50 coins? I don't buy it.
65.
Post 2662359 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.08h):
I see no upside here. Bidwalls since 100 have constantly been hollow. We need a dead cat bounce before we can even think of a bottom.
66.
Post 2662396 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.08h):
67.
Post 2662743 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.08h):
Hopefully we can one day read Memoirs of the Bitcoin Manipulator.
68.
Post 2663312 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.08h):
The whole point of this downtrend is to break support at 50 and have the market be depressed so thousands and thousands and thousands of coins can be bought to pay off on the mega as $100+ is approached again. None of the big players, especially large miners, benefit from a long-term sub-$100 price, so the market will always be pushed back up.
Would not be one bit surprised to see $35 though.
Ya. See If you bought a 20k miner with coins at $100 do you not rebuy those same coins at $50?
69.
Post 2666088 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
What i dont understand is the people that are holding ,say 10k B that thay are not cashing out now ?
Even if thay think that we will stay at this price.
Becuse if thay dump 10k now the price will fall realy hard and only profit would thay make.
And if you have over 10k you are probebly a person that are not stupid, i think its just crazy that we dont se a faster and bigger drop . And becuse of that we maby wont hit as hard that we think ,but i will hold
My cash steady for som time now .
A person with 10k B probably bought them for $10,000.
70.
Post 2669052 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
i had over 100 trillion dollars delivered to my door today, no joke!
it's so sick! these bills sell for 7-40€ now! I want one to show how fiat turns worthless and now for this stupid fact they gain in value!
Damn, the most worthless bill in the world is getting expensive because everybody wants to have one of these! Noooooo! Please stop buying these to brag with your wealth and leave them to people that want to make an actual point with them!
its less than $5
http://www.amazon.com/Zimbabwe-Trillion-Banknote-Uncirculated-Sequential/dp/B003XPJOZQI'm so getting one...
lol here comes the trillion dollar bank note bubble
71.
Post 2671224 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
Worst case, $30. Best case, $64 then grind sideways for a bit before the next hype-mania cycle.
There is still a persistent belief in another hype-bubble....Might have to wait a LONG time before this train begins to leave the station again.
72.
Post 2677591 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
UP UP AND AWAY!!!!!!!
73.
Post 2677945 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
wow, look at all those coins suddenly leave (manipulation) the order book, must all of a sudden be a real sign (manipulation) of confidence in the price going up! hurrah (manipulation)! y'all buy those bytecoins right quick now (manipulation)!
Or just a function of coins being bought.
74.
Post 2678921 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
Good to see Gox lag not an issue so far.
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Post 2678937 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
76.
Post 2678956 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
^LOL Are we goxxing?
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Post 2679496 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
78.
Post 2686741 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
Interesting chart from bitcoinwisdom.com.
Notice how it "predicts" the future price (green and red line).
Let's see if it is connected to the BTC price over at Bitstamp.
It would be cool to see a third line as an average of the two. This might be my new favourite site actually.
79.
Post 2692626 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
Gee, I just realized how crazy this is going to be when/if the ETF launches. If this can be manipulated this easily, you should see how the wall st. guys push around gigantic market cap stocks within like 20 milliseconds just before another wall st. guy announces a downgrade. Bitcoin will get blown to bits the moment those guys even start to take it seriously.
who says wall st guys aren't pushing bitcoin around right now?
because they have no interest in a shitty small market like this? if this can even be considered a market, it's just a matchmakers service really.
if there's money to be made, they'll be here. perhaps not large institutions but individual traders that have wall st experience, why wouldn't they?
professional wall street traders wouldn't touch this with a 10 foot barge pole.
there are much, much better opportunities out there for a professional trader.
I read somewhere the wall st firms have investigated bitcoin and their entry price point is 400.
80.
Post 2701489 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
This is a replay of 10-20.
81.
Post 2701566 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
This is a replay of 10-20.
Whats that?
I meant the rise from $10-$20 and beyond. Powder keg is primed.
82.
Post 2701907 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.09h):
There we go, 61.8% retrace. Plus, the recent negative sentiment is all cleared. You guys think we will be able to sustain triple digits in 2013? Suit yourselves.
I thought we were going sub 50?
83.
Post 2712040 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.10h):
That "prediction" was already invalidated briefly after it was made I remember. I should probably modify it to "No more sustained triple digits in 2013" whereas sustained could refer to either time (maybe 2 weeks?) or volume. I honestly don't see us trading above 100 for anything more than a spike.
Triple digits is a thing of the past.
You just don't give up do you?
He has a bear avatar, it's his identity.
84.
Post 2712263 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.10h):
Most of the time I am neutral because I don't delude myself into thinking I can predict this market. I go short term bull or bear maybe once a month, but I am long bull.
85.
Post 2804020 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.11h):
I would contend being owed btc by gox is different than usd. The btc is held in cold and hot storage whereas the usd is held by a bank that does not hold 100% of deposits.
86.
Post 2820634 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
There is some exciting news that will materialize soon though.
hmmmmmmm
87.
Post 2822320 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
88.
Post 2822326 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
A few quotes from Blitz made in july
Goodbye, triple digits. See you 2015.
After this week, I'm not sure we will see triple digits in 2013 again.
This has never been a billion dollar market to begin with. Triple digit, billion, those are things of a faint past.
No more triple digits for 2013.
Noone buys the triple digit lie anymore.
Looks like MtGox is beginning to shake off its denial and join the ranks of the 80s. This is only the beginning.
What if the buyer is an established casino firm that wanted to get into the Bitcoin game? If that's the case, then they would've been accumulating beforehand and have been responsible for some of the buying pressure. This would now be gone, along with 350k coins released on the market.
I smell blood.
Keep tryin' buddy, even a broken clock is right twice a day
He definitely seems to post only when it's going down that's for sure.
89.
Post 2830139 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
localbitcoins seems to follow gox for pricing, that's a way to pull off the bitstamp arb.
90.
Post 2835309 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
91.
Post 2835314 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
You should probably let go, it's not good for ones health to be passive aggressive all the time. If you think it's not possible to profitably trade in the longer term (ie have an edge), I'm not sure why you're so drawn to speculation at all.
Noone's claimed he's a Cassandra. Trading is a game of probability combined with your profit/loss on each trade. Believe it or not, you can be wrong most of the time and still make money.
Did it occur to you you made ridiculous claims and were wrong 3 times in a row. How the hell is it possible you completely ignore this and just go on with your claims while its clear you know absolute shit all?
How does one do that? Don't you feel even a little bit stupid? Is there nothing inside you that says maybe i should stop acting like i know what Bitcoin will do because i don't? Don't you have any shame whatsoever?
He made millions the 1 time he was right and lost only 10cents the other hundred times.
92.
Post 2836220 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
Short term down-side risk??
93.
Post 2850876 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
Thinking that the "public" has gotten into bitcoin in any manner is laughable. The public is into bitcoin when you can buy Casascius coins on the shopping network.
94.
Post 2851019 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
Quick question here, maybe a little off topic but ok.
Investing in bitcoin related securities (like ASICminer), isn't this extremely dangerous as those shares are coupled to the fluctuations of the BTC price? For example, you buy 10 asicminer shares at 5 btc each. Next, USD price of bitcoin plummets 50% or so. However, asicminer share price stays stable at 5 btc. Now, when you try to cash out your shares to btc and back to USD, you would have lost half your investment. So you got 2 dangerous factors that could fuck you over, either the btc price crashes or the share price itself crashes... It's just too much for me, i'll stick to btc trading :p
The greatest risk is trusting "some guy" with your coins in exchange for "a share" backed by a company that doesn't really exist within the legal system.
95.
Post 2851033 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
Thinking that the "public" has gotten into bitcoin in any manner is laughable. The public is into bitcoin when you can buy Casascius coins on the shopping network.
Too bad Bruce Wagner has been ousted, he would have been the ideal man for the job.
Also can someone quote me so that byronbb can see it?
Lol don't flatter yourself troll, you aren't on my ignore list.
96.
Post 2866965 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
SilkRoad is still up and I wish pedo are only a minority of Bitcoin users.
I'm sure you just mean "acting" pedo.
How is that related to the price of Bitcoin?
Silk Road could be next.
97.
Post 2867820 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
Some chart software I wasn't aware of.
http://www.ledset.com/cortex7/download/index.htmedit
meh get crashes when i try to draw a trend line, tradingview works better
98.
Post 2867884 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
Cliff notes: Investing $200 million into Avalon giving them access to 20 nanometer chips. Get those difficulty over bets in.
99.
Post 2867903 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
Cliff notes: Investing $200 million into Avalon giving them access to 20 nanometer chips. Get those difficulty over bets in.
someone please quote the text, i'm behind a paywall
Fyi you can just search that url into google and you get access.
100.
Post 2867937 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
101.
Post 2880935 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
102.
Post 2881362 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.12h):
In other news, litecoin on a slide.
103.
Post 2912386 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
Situation looks to me similar to the one on July 1st, just before the big drops from 95 to 67.
If it repeats, we might see the price dropping to the 80s. But on the short term, someone is trying to pump up the price,
maybe hoping to trigger a mini-rally. We'll see in a couple of days which way we go.
Of course, if Fort Gox sorts out the $ withdrawals (unlikely though), the price could drop to the 50s.
There is a very staggered million dollar buy at $92-$90 that appears to belong to a single buyer.
104.
Post 2914643 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
Does anyone know when this gox/bitstamp et al. arb started?
105.
Post 2921112 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
$16 arb between Virtex and Gox
106.
Post 2943629 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
If the USA goes negative bitcoins then it gives countries like China/Russia a reason to promote it. The vacuum will fill. Bitcoin is as solid if not moreso than bittorrent, there is nothing that can be done to quash it. You can buy cocaine for $2000 in Colombia and sell it for 20k in America. Guess why.
107.
Post 2943848 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
Always amused by canadianbitcoins.com's graphs. Can someone tell me what the yellow line is?
108.
Post 2948698 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
Chartbuddy should make some animated gifs.
109.
Post 2952586 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
Ya two megas came onto the order book.
110.
Post 2952709 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
Ya two megas came onto the order book.
twas the whale mating call ...
Joking aside, just shows how much money these buyers have sitting on the sidelines at Gox to prop up the price if they should choose
Clearly it is related to the 5k buy - probably all from the same person. How long they stay there is anyone's guess. Seems like an invitation to join the party for now ...
Not ever action has a triple meaning.
111.
Post 2959880 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
dat ratio
112.
Post 2960549 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
Serious question: why ratio is important?
If someone puts 10m into orderbook on bid side at 90usd what difference does it make? There are no money deposits coming into mtgox so it does not mean that there is money flowing into mtgox, so what is its significance?
That's an assumption. It is possible big market makers can get money on and off gox. Are JPY banking issues a problem in country? Because if not, a big player would just move money to Japan, perhaps start a small company there, and continue to buy and sell as usual. Why is plus500 still dealing their CDFs at gox prices if they could not hedge on/off without getting $ stuck there? Never underestimate the resources of people with millions of dollars.
That said, I think the order book ratio is skewed too high, as huge bids at $10 are rather irrelevant.
113.
Post 2961325 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
Litecoin looks more and more doomed.
114.
Post 2967784 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
Someone try to play tricky with the order book on that last up swing?
115.
Post 2975670 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.13h):
Hopefully Soros will make a $1 billion bet on bitcoin sometime soon.
116.
Post 2999236 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
Quite the pop on no volume.
117.
Post 2999687 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
stop comparing the volume we saw on a 60% move down while mtgox had 80%+ market share, to todays volumes, its just bad speculating...
118.
Post 3001037 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
I realise I have been shouting 'buy' a couple of times the last days. May as well post some graphs to show why I think this is a good buy opportunity again....
I agree. Market is primed to pop. Ask wall at $125 just holding it down. Price can easily move if that is pulled and we get upward push if only to squeeze shorts and snatch some profit.
119.
Post 3001223 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
I agree. Market is primed to pop. Ask wall at $125 just holding it down. Price can easily move if that is pulled and we get upward push if only to squeeze shorts and snatch some profit.
Its not the market thats poping, but everybody trying to get outta Gox asap.
No, it's the market.
120.
Post 3005875 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
Speaking of btc-e troll boxes. It must be jumping, some big sells in the litecoin market with interesting resistance.
121.
Post 3007697 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
If ChartBuddy was a little more innovative, every 1 out of 100 charts would be a 100-frame animated version..
I think that would be cool and not very hard to do.
122.
Post 3016181 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
Now that's what I call a green candle.
123.
Post 3016369 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
Wow pretty surprised O'Leary was pro-bitcoin. Now I hate him just 1 satoshi less.
124.
Post 3016375 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
What just happened?
Someone heard some good news before we did? At least i hope that's the case.
Probably good gox news that's not public yet....
125.
Post 3018033 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
Lift-off commencing!
This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127.
The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price.
Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126.
4 million dollar buy is artificial. right.
126.
Post 3039538 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
Familiar yes? It's gold vs US debt "ceiling".
127.
Post 3046389 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
why does the majority think that the short term price of btc is going to go down? the the price was around $110 it seems to me like people are thinking that the price will be going down, however it keeps rising due the the whale buys. why would this stop? why would lots of people sell?
Not sure. It's obvious someone is buying big so there is no reason to sell now.
128.
Post 3046469 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
why does the majority think that the short term price of btc is going to go down? the the price was around $110 it seems to me like people are thinking that the price will be going down, however it keeps rising due the the whale buys. why would this stop? why would lots of people sell?
price is going up to fast.
whale's are buying only to dump coins elsewhere.
the news everywhere will
NOT bring in new people and $.
mtgox is insolvent, yet they will soon announce that they will process withdrawals
faster and this price will crash.
is their more?
129.
Post 3051122 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
$6000 arb between gox and virtex.........
130.
Post 3052215 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
Lots of order book dancing going on...
131.
Post 3058258 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.14h):
I certainly hope it's true.
I just noticed that people in general tend to make their project or insider info look more important than it really is.
To them it's a huge deal but in the end it rarely has a big impact on whatever industry they are in.
Well put.
132.
Post 3084021 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.15h):
big juicy red candle.
so glad that I am out. if it goes to 140, I will dump more.
So will many I suspect
I said it before ... $100 to $148 was heavily manipulated rally on no volume ...
No Volume:
Seems like more than $20 million dollars of volume to me.... If you think someone with this kind of money is going to play manipulation games on a bitcoin exchange with banking issues, then your tinfoil hat is too tight.
133.
Post 3085309 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.15h):
This hasn't been confirmed as legitimate or anything, and I don't want to start a speculation fury, but there was this video posted about a month ago on reddit (not by anyone official, I don't believe, or even affiliated with Ebay or Paypal, or at least there was nothing posted to prove otherwise).
Have a look at the end and who made it (supposedly):
http://www.youtube.com/watch?v=PrK-152xfy0If that's a fake, its a damn good one.
Ya they get 100 points for subtly if faking.
134.
Post 3098337 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.15h):
Wait wait wait... guys... Bitstamp is at $118 and Mt.Gox is at $122... could it be... that Mt.Gox solved the withdrawal problem? Is this the elimination of the spread we've all been waiting for? Maybe this crash on Mt.Gox is... super duper bullish?!
I need to figure out from adamstgBit how to post with all of those flashing red alert rocket buttons...
Ya unusual. Even cavirtex is mirroring stamp. Usual they are the lowest of the low.
135.
Post 3111319 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.15h):
Does anyone know if it's possible to buy an adaptor cable which plugs into a motherboard's PCIe x16 slot, which then has 16 PCIe x1 slots attached to it, one PCIe lane each? I was wondering if it might work out cheaper if in addition to my expensive gas boiler I was to heat my house by Litecoin mining. Almost all the power used by the GPUs is lost as heat, but in winter heat is something I want and something I would have to pay for anyway. This would in effect be a noisy and bulky fan heater which generated both heat and money, the heat would make up for the fact that LTC mining uses a bit more electricity than the value of the LTC it mines.
Every calorie of heat the mining machine blows out is a calorie my boiler doesn't have to produce. Obviously there's the component costs too, those would have to be second hand, such as old HD5870s which work fairly well but aren't very expensive any more.
Maybe I could find a way to create such a cable if they're not commercially available
Do you mean like this?
http://compare.ebay.com/like/190859065774?var=lv<yp=AllFixedPriceItemTypes&var=sbarWhat would the purpose be [I mean, its making heat either way?]
Your boiler is more efficient as a heater than some GPUs.
136.
Post 3119091 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.15h):
I think you guys are looking too narrow, any day now we could see a blowup. The market is not very mature yet... $1.5B market cap is not much in all actuality. There really are many people out there with hundreds of millions of dollars that can severely shock the market. All it takes is someone like my friend's grandma (who has about $200 million dollars) to decide to put 10 percent into Bitcoin...and
BAM! the price is driven over $1,000 instantly, shocks the whole community and market, and you will have wilder volatility than you could ever imagine.
We haven't seen nothing yet! If you think April was volatile, just wait...
I'm sure it will happen again.
Yeah, the "time bomb" model of bitcoin is the one I subscribe too.
That's why I laugh at the bears. Bitcoin as concept is only becoming more and more mature, the technology is incredible and the pace at which it has matured so quickly with ASIC is incredible. If bitcoin goes 20 years it will have impacts on POWER technology.
137.
Post 3119281 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.15h):
Gox Bitstamp spread at $11....but btc-e close with stamp which is unusual.
138.
Post 3142232 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.15h):
2500 Market buy followed by a 2500 market buy [both exactly 2500] with its unfilled bids set on 145.
Er, I suppose its easier to say.. 5k order to 145, 3.3k filled; 1.7k as bid.
Nothing about the price, up or down, will surprise me in the next week. Could get really nutty when/if ask sum goes below 40k.
Yes I was just thinking this. Market shows resistance to +$145 but bid/sum is climbing to the point where if we go into a rally the top could come off.
139.
Post 3148683 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.16h):
Is no one trading or is gox down? I see orderbook changes but no trades for 10mins.
oh snap, trade goes through as soon as I posted
140.
Post 3229285 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.16h):
Maybe old news around here but someone might be trying to front-run this.
141.
Post 3257864 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.16h):
According to
http://btckan.com/price btc100.org a chinese exchange has done 111706.36 in 24hrs.... which is hard to believe....
142.
Post 3274567 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.16h):
Why is camp BX so low, its uber ez to fill with USD...
exactly. and when gox finally resumes speedy withdrawals, you can expect a turbo crash. Only reason ppl buy btc these days is to get fiat off gox. THE ONLY REASON.
The sharp rise in the BTC/
JPY volume on MTGox over the last 4 months would indicate otherwise. Fiat is leaving MTGox both as JPY and EUR.
http://bitcoincharts.com/charts/mtgoxJPY#rg120ztgSzm1g10zm2g25zvYes arbitrage is definitely being performed.
Checkout accumulation/distribution on Gox and BT.
http://bitcoincharts.com/charts/bitstampUSD#rg10ztgSzm1g10zm2g25zi1gEMVzi2gAccDistzi3gRSIzvhttp://bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zi1gEMVzi2gAccDistzi3gRSIzv
143.
Post 3289116 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.16h):
Just got home from work. Wowowowowow SR gone, bitcoin crashing. The only logic in selling is that everyone else is.
144.
Post 3333839 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
145.
Post 3333874 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
lol @ litecoin........
146.
Post 3333940 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
Total impatient buying ==== moonshot.
147.
Post 3333963 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
See if the stock market goes to hell tomorrow like many are suggesting, and people see a rally in bitcoin, then they will conclude "bitcoin new reserve currency/ safe haven" or some such leap of logic and BUY BUY BUY.
148.
Post 3338568 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
All very nice, but people can't get fiat out of Gox so... what's the point?
This becomes more a myth as time goes on as we have seen $20million in volume last month. So either millionares are just parking USD @ gox for fun or they CAN get money out.
149.
Post 3338667 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
A little more sideways movement and this becomes an mega inverse head and shoulders?
Inverse H&S means short term down, long term up?? The SR sell-off was pretty insane imo. The market showed its hand there and the bull is on the loose.
150.
Post 3345602 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
Why are the alts crashing when BTC is rallying?
I have been watching the litecoin/bitcoin relationship for a while. I am pretty sure there is a big player who rotates out of litecoin when bitcoin goes up, and vice-versa. He may be playing a type of gamble hoping that if Gox takes LTC there could be a huge rally for him to sell into, so he wants to be in LTC but not at the risk of losing out on btc. The BTC-E litecoin market is very weak so big sell-offs really move the market and it's price action can be easily dominated by a single party. This up/down dynamic is actually a new development, early on ltc followed the btc price moves pretty much in step.
Litecoin prospects looks grim indeed. The SR selloff saw a 350K ltc dump to 0.14 and we are just now breeching that low @ .138......
151.
Post 3346097 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
152.
Post 3346126 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
^chinese statistics are not credible. end of story.
Neither are you. END. OF. STORY.
153.
Post 3352363 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
Massive manipulation going on right now, some people desperately trying to prop the price up..
Might hold.
My theory: a big dumb whale put a sell order by mistake! Now he desperately needs to buy it back......
Debt ceiling raise, meaning USD get worthless everyday.... Bitcoin's value stay the same. Its just USD value has gone down...
lol...then why did gold lose value to USD over this same period?
154.
Post 3352474 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
love how CNYBTC hanging around "lucky" 888.
155.
Post 3366127 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
Whales be hunting for stops, market could see massive oscillations in both directions.
156.
Post 3366150 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
There are bears...they only post when bitcoin goes down.
157.
Post 3367147 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
Reminds me of the good old days.
158.
Post 3371696 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.17h):
159.
Post 3377015 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.18h):
Time to take a shot at 200 imo.
160.
Post 3383314 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.18h):
Dat wall.
161.
Post 3384594 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.18h):
I'll stick with mad beats and poker flips.
http://www.youtube.com/watch?v=Nk1ZHh9gER4
162.
Post 3422992 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.19h):
As for the ATM, seems silly. Just run a currency exchange kiosk and sell BTC. These machines look expensive as hell and things break.
163.
Post 3424104 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.19h):
Bitcoin anti-correlated to US Dollar Index.
164.
Post 3438989 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.19h):
Point: Small speculation pool (Bitcoin speculators) can not fully "price in" any amount of incoming new money before it arrives. Their resources to do so are severely restricted by the size of the pool.
Probably true, but isn't there where leverage comes in? Or is the volume of that still too low?
I think it could be. But there is only one place, to my knowledge, where you can take a leveraged position on Bitcoin currently. That's Bitfinex. Two points there:
1broker.com takes btc leverage 5:1 while plus500 and avatrade both deal leveraged bitcoin CDFs in fiat.
165.
Post 3454557 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.19h):
The market has been moved by $5 to $10 million dollar purchases and these bucket shops have no where near that kind of liquidity. This isn't like the hilarious bitcoinica days.
166.
Post 3464864 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.19h):
Litecoin is in rally mode. Just now touching the last high made a few weeks ago with very high volume. Usually litcoin up = bitcoin down and vice-versa.
edit: btc-e troll box is always amusing.
167.
Post 3465088 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.19h):
Whoa since when did Virtex run almost in line with Gox? They were constantly the lowest price around. Or maybe that is the answer, EVIL arbitrageurs got their money into Virtex.
edit
Also didn't realize Cad had lost some value to usd. Virtex btc effectively = to btc-e price.
168.
Post 3465797 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.19h):
If we are getting into the second wave of interest by the public, then I really could see a LTC rally happen. Bitcoin's price is "too high", but there is this litecoin, "which is the same as bitcoin but like silver to gold and will be worth 1/4th of bitcoin because there will be 4x of them and they are only 2.5 USD and if you bought bitcoins at $2.5 you would be rich now".
169.
Post 3472077 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.19h):
But they have by far the most liquidity.
170.
Post 3472118 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.19h):
In any case this seems ridiculously bullish.
171.
Post 3484531 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.20h):
172.
Post 3485504 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.20h):
After two days of hectic buying and now facing the psychological 250 barrier,If we don't see buys with volume today,then a retracement is very probable.
yes, if we do not go up, we might go down.
just don't forget about sideways...
No one ever predicts sideways.
173.
Post 3493747 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.20h):
The 4h chart on bitcoinwisdom is just unreal.
174.
Post 3493909 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.20h):
Beware the bear trap!!! This market just switched gears, just as it did at $5 and $20 and so forth. Forget the previous price action, it's all irrelevant. Smarter and smarter money is moving into bitcoin and much of it will have trading experience behind it, don't lose your bitcoins chasing waterfalls.
175.
Post 3505987 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.21h):
AM I seeing things? Gox and Stamp nearly equal in price.
176.
Post 3506056 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.21h):
At what point do the gox fiat holders freak out at the diminishing bitcoin orderbook and just panic buy to get out? Time to put some gas on this fire.
177.
Post 3515155 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.21h):
Just-dice.com has more btc in investment than gox has on the orderbooks........
178.
Post 3533965 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.22h):
Just wait till Monday.. we showed we could bust through the ATH and move onward. Very strong... much more deposit $$$ coming to the exchanges, and indirectly to be continually scoop'd up via the "Trust" (bitcoin that can be bought, but not sold... not for a while).
Now once that EFT finally gets here... Pre-1k era of speculating is over.
Will be interesting to see if the etf becomes the price leader as it will be the quickest and easiest way to move usd into bitcoin exposure.
179.
Post 3575953 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.23h):
Bitstamp is closing in to the price of Mtgox. This means CRASH!
Does it?? Because I posted about a convergence on Nov 7th ITT and guess what, BOOOOOM.
AM I seeing things? Gox and Stamp nearly equal in price.
180.
Post 3603574 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.23h):
lol new ATH on virtex 490
crazy!
Maybe the ATM is seeing some weekend buyers.
181.
Post 3615137 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
no more coins on gox beyond 550. but i still have no idea how next week will play out …
Looks like this is buying in anticipation of the Senate hearing which big players are betting will be bullish.
182.
Post 3615242 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
no more coins on gox beyond 550. but i still have no idea how next week will play out …
$25 million on Gox on orderbook vs 12k BTC. ATH and ATL respectively. If Gox USD issues are as real as people say, the PANIC buying to move out BTC at considerable loss could be epic.
183.
Post 3615395 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
This is Wall Thread 2.0 as well. The original was locked at 1200 pages.
184.
Post 3615477 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
Melt-up @ BTC-e
The great LTC to BTC rotation.
185.
Post 3615654 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
Judging from BTC-E, Russians seem to be buying now like mad.
Seriously, all we need is the Iranians to hop on the Bitcoin wagon. Then we'd have Russians, Iranians, and Chinese, the grand trio of nationalities vilified by the US media.
If it were actually the russions buying at BTC-e, the volume would be in BTC/RUR, but no the volume is in BTC/USD.
The greatest catalyst of this bubble is imo the grand delusion that "*random nationality* IS NOW BUYING BITCOIN LIKE CRAZY". And people blindly follow a Chinese exchange with no trading fees (thus probably heavily faked volume). It's okay, i can make money from that.
Has it not occurred to anyone that if you wanted to buy a ton of bitcoins without steaming the price you could open an exchange with zero fees to attract bitcoins into your bids??
186.
Post 3615709 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
187.
Post 3615747 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
Bitcoin Days Destroyed not as high as previous ATH at $266. Less coins coming out of cold storage to sell into this rally??
Early adopter coins are a finite resource.
Each attention-generating rally ($32, $266) consumes more of them, and then they reenter circulation.
What happens when the supply is depleted?
Good point ty.
188.
Post 3615807 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
and there's a good chance a lot of these are poeple moving coins to a more secure storage. I use to tell poeple get a paper wallet. now i say get an encrypted paper wallet with backups. you and your dad can give eachother a backup for safe keeping. DO NOT TRUST YOUR MOTHER!
Agree, my mom has been telling me to sell since $100.
189.
Post 3615843 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
Bots on gox are raging.
190.
Post 3615905 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
People still follow Gox? That exchange is f-ed up!
27m USD on orderbook brah.
191.
Post 3616784 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
Hide yo kids hide yo wife hide yo bitcoins cause the Chinese buying every one.
192.
Post 3617795 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
I can honestly see this going to 1000$. And once it hits 1000$, mainstream media wil go CUCKOO.
The Gold Bitcoin parity meme will be the obvious discussion. Advantage bitcoin.
193.
Post 3618210 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
Well this is ridiculous. "Price" no longer relevant to buyers.
194.
Post 3618768 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
Nothing like this has ever happened in the history of the world.
195.
Post 3618892 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
37 BTC just dropped BTCChina 200+ points.
Lol.
What are they doing over there?
Sell wall has shown up.
196.
Post 3619323 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
Gox goxxing
edit
and its back.
197.
Post 3620151 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.24h):
World has gone crypto crazy!!
BTC touching 3600CNY again
LTC up 10% on BTCe
Great entertainment
Wow crazy. btc-e troll box on fire. I laugh every time I load that site.
198.
Post 3631694 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.25h):
199.
Post 3631735 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.25h):
Time to take a run at gold parity. Feel bad for goldbugs who have been waiting for THE MOON their whole lives only to see it happen in a digital gold. LOL.
200.
Post 3631811 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.25h):
Coin shortage!!!!!!!!!!!!!!!!
201.
Post 3632035 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.25h):
OMG, gold parity is close to 8888 CNY ^^
LOL
202.
Post 3632263 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.25h):
Well I have no words.
203.
Post 3632283 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.25h):
Just been watching fiatleaks money flow - showing no bitcoins into CNY - but lots into USD...
Just wondering are the Chinese somehow buying in USD and selling in CNY?http://fiatleak.com/Is it just no data? Anyone tell me what's up - maybe take a look?
EDIT: I mean CNY into BTC - late evening here!
Yes, there is a notable Chinese population in Vancouver, and I have been told they are buying XBT and selling in China, still something is driving demand, (may be Pump and Dump with a lot of energy) . And looking at CaVirtex I'm sure lots of the coins moving to China are coming from Canada.
They are just running arbs with their family or friends.
204.
Post 3632467 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.25h):
Lol shorts just got paid big
205.
Post 3632778 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.25h):
Count that mofo a GREEN CANDLE!!
206.
Post 3632876 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.25h):
207.
Post 3648274 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.26h):
Gox needs some credit having improved their trade engine greatly.
208.
Post 3658570 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.27h):
Any chance of this turning southward tonight? I want to go to sleep but not sure if I should. Seems like when I go to bed the opposite happens from what I want it to do.
No one can be sure about that.
Recommend to use a reliable bot to set up stop loss hidden orders.
What bot would you recommend?
209.
Post 3658639 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.27h):
icbit.se leaderboard. Dayyyumm.
210.
Post 3658825 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.27h):
How did they get these data?
yeah...harvesting data from users trades??
It's from the icbit.se site.
211.
Post 3668967 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.27h):
Wtf is going on here. The chart looks unnatural like nothing ive ever seen even in bitcoin. When do I sell? I sold just 20% of my coins yesterday as a hedge and on bitfinex I can I have a loss of several grand. Its bugging me out.
Yes I am surprised by the price action. When I woke up and checked the charts I didn't really believe this rebound was real. Look at the volume on the way down vs on the way up. Increased on the way down and is decreasing on the way up. The last 5 volume buy bars are pretty even, so it looks like there might be a large whale slowly accumulating, which might prove to be costly when he stops.
212.
Post 3681612 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.28h):
Tempted to sell a 5th of my holdings to become the PPCOIN MANIPULATOR!!
213.
Post 3681671 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.28h):
214.
Post 3682382 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.28h):
Arvind, kindly piss off.
I know, right? This is too much....
huh?
I think its the east indian kid on bicoinity.
215.
Post 3689263 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.28h):
Market is weird for the last few days. Obviously there s a lot of good speculative news which bears might be waiting on to sell into the new money. For some bizarre reason gox had about 10m come into the order books to put it to 35m, all the while their volume now down to 1/3rd market share. I think buyers have parked bids deep into order books and gonna wait for bears to come down out of their caves to get it.
216.
Post 3689367 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.28h):
Someone posted a 1,000 BTC ask wall @ 740. Imagine it being dumped all at once
Edit: now above 1,200 BTC. Someone wants out....
which exchange?
e: oh, btc-e
BTCChina with massive sell walls....
217.
Post 3691100 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.28h):
can there be a cup & handle inside a cup & handle ?
dear god
indeed
That's even better than a double rainbow.
218.
Post 3691155 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.28h):
pretty boring day... we have had just +10% growth in 24h... what if this isn't a "bubble" after all?
Get into the alt-coin game for lols.
219.
Post 3692945 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.28h):
Every aborted crash is extra confidence in the $800 level.
I agree, but this is also confusing for me. It feels like we are "burning in" the $800 price... and yet it is so high above the exponential growth trend line.
*shrugs* I am just a buy & hold kind of guy, but my friends keep asking me if they should buy bitcoins, and I'm not sure what to tell them at these prices (... I always say yes, but I hesitate!)
Me too.Then again if they had asked me at $5 I would have said the same thing and been totally wrong.
220.
Post 3693117 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.28h):
Memo to would-be weekend manipulators: your shenanigans are becoming sad and pathetic.
Most coins are now held by strong hands not stupid enough to believe that whales would permanently liquidate large coinage at the time of the week when there is the least liquidity. We all know you are trying to trigger fake panics and bearish technical formations. And we know you intend to buy those coins back just as quickly as you sold them.
If you want us to stop yawning, do a dump on a weekday, when people are awake, during real banking hours.
Ya seems almost like someone had filled the order book on the buy side then dropped bids and sold. That was a big drop for such low volume.
221.
Post 3693504 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.28h):
btce requires $10 effective balance to chat in trollbox now haha. Priced out so many trolls.
222.
Post 3693778 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.28h):
lol a 40 btc buy moved the price $25, plus500 gonna get raped
edit
looks like they have gone to a daily cdf...good move
223.
Post 3714691 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.29h):
Some pretty huge futures volume (for icbit.se @ $10 a contract). March contracts are trading $500 over gox spot and when I looked last week it was just over double.
224.
Post 3717208 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.29h):
The Irrational Exuberance Index is at an ATH.
225.
Post 3729344 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.29h):
Just got home from work and phone went through the laundry so no updates until now, JFC.
226.
Post 3731014 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.29h):
lol at all the ltc hate
Indeed. I find the anti-LTC FUD to be most odd. The differences in architecture are important and more than enough to justify its existence alongside BTC. Scrypt may prove a wiser choice than SHA-256 in the longterm; it may not. Point being none of us really know right now and ruling LTC out as just another 'also-ran' would be quite unwise IMHO.
LTC seems like a cheap copy where the creator has been able to benefit immeasurably off the back of genius. That said, I agree with your sentiment. Any opinion on weighting LTC to BTC holdings?
227.
Post 3731089 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.29h):
LTC seems like a cheap copy where the creator has been able to benefit immeasurably off the back of genius. That said, I agree with your sentiment. Any opinion on weighting LTC to BTC holdings?
Most alt-coins are nonsense.
Some innovations/differences however are smarter than many tend to give them credit for. In answer to your question, based on an even hedge, medium term: heavy on the BTC; long term: heavy on the LTC. Keep a close eye on the mining situation and be ready to shift position as necessary.
"The mining situation" meaning, or was this intentionally cryptic?
228.
Post 3761751 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.30h):
229.
Post 3781858 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.31h):
They are made of gold so when the price collapses you can melt it down to recover some of the investment.
I find this not the least but ironic.
that article is weird, it says they wont have the private key on them. So it's just a lump of gold with the bitcoin symbol on it?
Not sure but it does sound bizarre. The original Financial Times article might give more details but it's behind a paywall... anybody have access?
It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island. Can anyone else see the problem with this? Doesn't this open the door to fractional reserve? What's to stop them issuing more coins than they have keys?
Paying a visit to Alderney is not exactly easy....! Seems daft the Bitcoin will probably be worth more than the coin, but you need to turn up
in person to a tiny Island in the English Channel to redeem the Bitcoin part of it. Odd. Not very 'digital' is it!
Nope. I'm from the UK and can say I've never been to Alderney, and I can't imagine going there to exchange a bitcoin.
What a bizarre concept.
Interestingly, Alderney grants sports-betting licenses to off-shore books. Pinnaclesports.com, the market leader, has a license from them.
230.
Post 3793840 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.31h):
So media phase was last week, so we are now at the top, so thus, we can then conclude sub 100 by next week.
231.
Post 3793852 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.31h):
So media phase was last week, so we are now at the top, so thus, we can then conclude sub 100 by next week.
You are so smart. You should sell right now
It's this chart, it's been free money since I first saw it when bitcoin was $3.
232.
Post 3813657 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.31h):
Wow someone has profited 1700 btc this month on icbit.se
https://icbit.se/WebTrade/Top.aspx
233.
Post 3858583 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.33h):
The good news is the 2 month chart is dominated by massive sell candles and we are above $800. But who knows how low this sinks. The media is good at turning a story around....Going below $800 could trigger further downside.
234.
Post 3861713 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.33h):
So $4 by tomorrow?
235.
Post 3861963 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.33h):
where the fuck is the bottom?
The bottom is when everyone is in total despair and everyone has written off bitcoin as nothing more than a billion dollar experiment gone sour.
236.
Post 3870145 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.34h):
Saving is good, hoarding like a lunatic is not.
The beauty of Bitcoin is that people like you can't forcefully impose your subjective preferences on anyone other than yourself.
True. But if everybody in the world was hoarding like a maniac, there wouldn't be any economy, any jobs, any leisures.
Everyone would starve to death.....
237.
Post 3884618 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.34h):
Futures have collapsed, dealing only +120 above spot when it had been dealt like +800 at the top.
238.
Post 3884849 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.34h):
Futures have collapsed, dealing only +120 above spot when it had been dealt like +800 at the top.
I am not as familiar with futures market analysis. Can you expand on what this means?
Check out: https://icbit.se/WebTrade/Trading.aspx?s=BUH4
That's the march contract, highest volume contract on the site. The spread between Gox Price and March contract has been of interest to me. Currently trading "only" $120 over current gox price, when it had been trading as high as $2000, when gox was ~$1200, ie an $800 difference.
Icbit.se FAQ:
https://bitcointalk.org/index.php?topic=164255.0
239.
Post 3885200 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.34h):
Weird to see gox so low (compared with bitstamp) and with good size ask book while bitstamp has all bids going on.
The spring is coiled.
240.
Post 3885277 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.34h):
241.
Post 3887108 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.34h):
So why are the exchanges suddenly in step with each other?
242.
Post 3896324 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.35h):
OK guys, I ran the calculations. I incorporated S curve adoption, trigonometric functions, a cold beer on a Friday night, a pair of jeans that fit just right, and something I pulled from my underwear while I was wearing them. This all results in a new exponential trendline, demonstrated below:
Not sure how relevant 2011 data is anymore, might have to adjust it by volume in usd.
243.
Post 3898901 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.35h):
244.
Post 3898974 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.35h):
China rolling over...
245.
Post 3898988 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.35h):
Man btc-e is the place to trade btc.....
246.
Post 3899083 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.35h):
lol ya'll need to relax
247.
Post 3913764 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.35h):
I have been keeping an eye on the market this week. It occurred to me that the last trap (dec 7th) was preceded by a large spread ($100+). I haven't seen such a spread since then and there have also been no traps since then. Are the traps usually preceded by large spreads? Is there some common wisdom as to what else can cause such spreads?
Spread as in the difference between exchanges?? Remember a few days ago when all the exchanges were in step with each other? That was a buy signal. As gox gets further from the pack the opportunity to perform profitable arbitrage emerges thus opening us up to a re-convergence of prices. Gox prices are high because its hard to withdrawal, and btce 's are low because its hard to deposit and hard to trust.
248.
Post 3930223 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.36h):
I have been keeping an eye on the market this week. It occurred to me that the last trap (dec 7th) was preceded by a large spread ($100+). I haven't seen such a spread since then and there have also been no traps since then. Are the traps usually preceded by large spreads? Is there some common wisdom as to what else can cause such spreads?
Hmmm spread looking pretty wide atm.
249.
Post 3941580 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.37h):
250.
Post 3956373 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.37h):
Don't do it guys.
It's ostentatious a la WallStreet. I can live off of 1 BTC for two or three months down here in Argentina.
Don't throw 50 away ! It makes me cringe..
You a gringo ex-pat or native of the country? I have been contemplating an eventual escape somewhere cheaper....Thailand, Argentina being front-runners.
251.
Post 3966239 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.38h):
*looks at the poll*
fun fact
2.2% of bitcoiners are so high off SR drugs they don't know weather or not they buy things with bitcoin.
lol probably true
Lol.
Is there a new sr now? I heard the new one ranaway with the funds.
that was sheep marketplace. i think there's a "official" new silkroad, silkroad 2.0 or something like that
If dpr is in jail how does that work then?
Mastermind criminals can get anything done from anywhere.
252.
Post 3966266 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.38h):
*looks at the poll*
fun fact
2.2% of bitcoiners are so high off SR drugs they don't know weather or not they buy things with bitcoin.
lol probably true
Lol.
Is there a new sr now? I heard the new one ranaway with the funds.
that was sheep marketplace. i think there's a "official" new silkroad, silkroad 2.0 or something like that
If dpr is in jail how does that work then?
Mastermind criminals can get anything done from anywhere.
mastermind criminals dont go to jail.
Obvious joke not obvious?
253.
Post 3982588 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.38h):
moon $1000
mars $10000
I'm looking at this picture and all I can think is "why the F would we want to go there?"
254.
Post 3983018 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.38h):
moon $1000
mars $10000
I'm looking at this picture and all I can think is "why the F would we want to go there?"
the human race has an instinctive drive to explore and experiment
its what got us this far
its what will insure our survival
its fucking important
It's true but it won't be true forever. That's the issue. Human's can't continue on their unquenchable consumption of resources forever. And going to Mars isn't the answer for "more".
http://www.youtube.com/watch?v=hG9JkagAeRo
255.
Post 3984794 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.38h):
to me it looks like we have just confirmed the downward channel
I think we need to go below $800 for that.
256.
Post 4000541 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.40h):
Silkroad 2.0.
257.
Post 4000672 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.40h):
http://china.dwnews.com/news/2013-12-16/59357811.htmlO
M
G
!
!
!
TL;DR Translation: Satoshi Nakamoto located and apprehended by Chinese government. Was carrying emergency bitcoin shutoff code. Chinese government plans to use code to shutdown bitcoin network. Satoshi charged with criminal economic disruption.
Coindesk is getting ready to publish an article corroborating this news from internal sources. This is the end guys.
THATS BAD NEWS!!! SHIT!!!
If you don't read Chinese, click the link. You'll see some Chinese writing. Also, I mentioned "sources". This is undeniable. Tell your friends. Sell your bitcoins.
Burn the Troll.
258.
Post 4000960 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.40h):
A lot of resistance in China at 3800.
Interesting. When/if that breaks we could get closer to a final capitulation. The 12 hour chart looks ultra-bearish. Do not think 3800 can hold for long.
In fact, I wonder who is buying in China right now. Some gambling addicted grandma who doesn't read the interwebs?
Won't there be some Chinese trying to buy bitcoin to move them off-shore or as a store of value?
259.
Post 4004603 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.40h):
Wait a second a communist country with the firewall of china blocking facebook, youtube, twitter etc... Has two different currencies (CNY CNH) for mainland and others, and only allows their citizens to withdraw $50k a year out of the country didn't embrace a revolutionary free currency it cannot control with open arms?!?! No way!!! Although to be fair i expected it to be a bit further in the game
They use 2 currencies to keep their internal economy separate from their external economy, its hard to make your books balance when the stuff goes out and doesn't come back, you have to keep printing more just to keep buying. I doubt there's much stopping anyone taking bucket loads of the internal cash over the border but it wouldn't be much use to them once its out. The currency for external trade would be easy to manage except there's some creative accounting with exchange rates, the only reason China has to go against bitcoin for that is it would make their own creative accounting more difficult.
I'm not sure maybe someone can answer how friendly communist border guards are, but i for one wouldn't want to be caught with over $50k on a Chinese border
That's the point, if you want something you can use outside China you need the external currency which is controled, the internal currency would be worthless because it cant be exchanged for anything outside China.
Exactly so Bitcoin won't help them with that since sellers still need to pull cny out of the country somehow and that's not possible. I wonder if there's a way to use that currency to purchase goods for export.
Oh i'm sure it's possible and that's how it's been done for some time before BTC to get around currency controls. If there's enough arbitrage opportunity someone will take advantage of it. e.g. buy gold in CNY go to Hong Kong sell for CNH etc...
Ya here's a mind boggling explanation of how they were doing this with copper.......
http://www.zerohedge.com/news/2013-05-23/bronze-swan-arrives-end-copper-financing-chinas-lehman-event
260.
Post 4018989 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.41h):
wow.
its still going up! faster and faster
did some new chips recently come out?
Tons of people must have been burned bad buying mining rigs.
261.
Post 4033803 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.42h):
I get that. I am talking about Chinese traders taking coins from BTCChina to dump on western exchanges. Is there any conceivable way to do this and cash out their fiat?
If they have friends or family offshore then it's easy. Of course now that BTCCHina is dealing the lowest price they would be losing $$.
262.
Post 4036327 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.42h):
The movement originated on btcchina. How do you feel about this?
Maybe the answer to this is coming soon........
BTC China told CoinDesk it is expecting to reinstate deposits in RMB soon. Bobby Lee said he is now working with another third party payment company to try and reinstate RMB pricing, and is hoping to make an announcement on the Weibo account in the next few hours.
This will now be the firm’s third payment provider relationship inside a week. Lee brushed off worries that the new relationship could also be placed in jeopardy by PBOC’s most recent move.
“If this keeps happening, ten times later, will I keep going? I don’t know. I can’t predict the future. But for now we’re going to try one more time, to see,” he said.http://www.coindesk.com/bitcoin-price-falls-btc-china-exchange-shuts-fiat-deposits/
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Post 4036341 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.42h):
Dat sell side wall coming in to quell this little rally.
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Post 4041691 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
Honeybadger!!!!!!!!!!!
265.
Post 4043934 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
from 380 to 680 in 1 day.
no cheap coins for rpietila.
Still fixated on rpietila I see....
Also, he probably bought whatever amount he wanted to buy.
are you sure?
why is bitstamp leading this rally? prices higher then gox means that there is a shortage of coins there.
good time now to move from gox.
no bitcoins nor litecoins to lend at bitfinex, guess the rally was for that reason. They thought people won't be able to short without coins to lend.
smart move.
buying now more coins will make the situation at bitstamp even worse.
yeah, that's the risk of leveraged trading there.
The short squeeeeeeezzee. Can still go back down once the juice has been extracted. This is why leverage is so dangerous. Big players can manipulate the underlying asset.
266.
Post 4046666 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
Did you buy your account?
Have you not seen the exact same thing posted a gazillion times, over and over?
yes and no, it is till convenient each time I look at it
doesnt that chart scare you ? because It does scare me....
It's been wrong every time thus far.
267.
Post 4050384 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
This time it will be different?
268.
Post 4050558 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
did i understood correctly that Loaded smuggled shitload of $ to china to buy cheap coins?
Yes, and no.
See, information on the Internet is a bit like quantum superposition: loaded both
did board an airplane with a suitcase full of sweet, sweet cash hidden somewhere in the fuse box with the help of the airplane mechanic of his private jet,
and he is actually a 32 year old male virgin living in the basement of his parents, living vicariously the life of an international Bitcoin jetsetter-slash-business magnate while furiously masturbating to MLP ero guro.
But that's just: The Internet -- What a Magic Place! ™
Oda, then how would you explain the fact that loaded came onto this threaded and posted "hello from china" moments before that huge 2,000 BTC wall at 2640 yaun was eaten? I saw that with my own eyes.
Nassim Taleb - Fooled by Randomness
Actually I think I recall him announcing market moves in the past...
269.
Post 4050613 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
I swear I just saw a 2 satoshi buy order float past on btcwisdom.
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Post 4051141 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
271.
Post 4051238 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
lol
http://capitaloption.com/Proceed with caution but you can "get a 'free' bitcoin".
edit -- looks like they are based out of Cyprus.
272.
Post 4052477 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
Gonna keep an eye on Bitfinex, they are run out of Hong Kong which enjoys a certain level of freedom from that of mainland China.
273.
Post 4053475 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
Seriously, what kind of money could be made in Bitcoin in 2-3 days only. Is there anything remotely similar to this?
Made
or lost....but pretty much no. More and more traders with experience should come flocking soon enough.
274.
Post 4053636 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
Someone got squeezed out bad at bitfinex and started this chooo choo train???
http://live.bitcoinindex.es/
275.
Post 4054149 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.43h):
Bitfinex has $9m on loan, which is 12.5K BTC @ $700.
12.5K BTC takes us down to $550 on gox.
Now we know the reason for this mad rally from stamp. All will close their trade at some point. But look at stamp depth..a joke really.
---------------------------
BFX Volume 24Hrs
36649.36 BTC (18324.68 BTC [50.0%] of which traded on Bitstamp)
----------------------------
About 24 hours ago it was 7 million on loan
The Chinese are possibly moving to bitfinex.........
http://www.reddit.com/r/BitcoinMarkets/comments/1t9h2r/are_our_funds_safe_on_bitfinex_it_is_a_hong_kong/ce5uwb8
276.
Post 4065046 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.44h):
dizzam..calling bull whales, there's a ton of bitcoin for sale with no slippage.
277.
Post 4065082 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.44h):
And it's gone.
edit
And it's back
278.
Post 4065100 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.44h):
This guy is either a total noob or is trying to clown the market.
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Post 4065119 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.44h):
280.
Post 4065187 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.44h):
Gox doesnt care
Gox orderbook looks like someone dropped an A-Bomb into the middle of it.
281.
Post 4065287 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.44h):
NOOB ALERT!!
282.
Post 4065547 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.44h):
WoWowoWo
Just got back home to find a 4k wall
What's going on?
Haven't read the last 6 or 7 pages yet..
A wall is trolling bitstamp.
Good job wall guy, this is hilarious.
edit: You can clearly see he isn't interested in selling it, just making the speculators trip face.
Yeah, I'm confused, too. What does *s/he* think is the most beneficial outcome?
Squeezing out long positions on bitfinex??
283.
Post 4065679 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.44h):
284.
Post 4070222 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.44h):
285.
Post 4079230 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
I am curious if any daytrader types here would share,
what is your avg trade size in BTC? 100,10,1, 0.1, 0.01.......
Ya hodler here but I think risking 2% of bankroll on a trade is considered prudent. I suspect most bitcoin traders are risking their entire BRs at a time.
http://www.forex-savvy.com/money-management/
286.
Post 4079513 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
I am curious if any daytrader types here would share,
what is your avg trade size in BTC? 100,10,1, 0.1, 0.01.......
Ya hodler here but I think risking 2% of bankroll on a trade is considered prudent. I suspect most bitcoin traders are risking their entire BRs at a time.
http://www.forex-savvy.com/money-management/That sounds smart, it seems though bitcoin tries/does defy some of the "traditional" rules.
I should have expected the HODL comments.
I ask because i see tons of these 0.001 trades and assume its bots doing their thing, but accomplishing what???
To manipulate last price. You will see it try to make the price seem lower or higher depending on the desires of it's owner.
287.
Post 4081022 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
45m in bids on gox....
I got 2 contradictory information : $45M from
i286 & $35M from
Blockchained$35M is right imo
goxtool says $37,629,928.
288.
Post 4081566 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
289.
Post 4081758 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
Well looks like we are going to see if that wall @ 600 is real........
290.
Post 4083358 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
I still don't understand this post. Was it large chunks moved hence 'days destroyed' or was it many small amounts?
"So a high number of bitcoin days destroyed means that either old coins that haven't moved for a long time are moving, or that someone with a large number of bitcoins are spending them (or both)."
In this case you can actually tell that it's old coins.
The total output volume yesterday was about 1 million BTC, which is below the recent average. The days destroyed were about 134 million, which is WAY above average. Therefore you can assume that most of the coins transacted were "regular" young coins, but some of them were very very old.
To back this up, blockchain.info has a feature that filters days destoryed by coin age. If you filter with a minimum of 1 year, those transactions account for 131 million out of 134 million total days destroyed yesterday. Since most of the coins moved on an average day are just a few days old, this further suggests that a significant amount of coins more than 1 year old were moved.
Assuming no more than 100,000 old coins are involved (probably much less), they would have to be at least 3.5 years old. So it seems likely that a very big miner from 2009/2010 just moved a lot of coins for the first time since mining them.
So to speculate to what purpose one moves a ton of old coins.
Option 1: Moved to exchange. Uh oh spagettios.
Option 2: Sold to private investor/second market.
Option 3: Wallet house cleaning.
Option 4: Buy a yacht/island.
291.
Post 4084647 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
292.
Post 4095979 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
Ya help me out with reading between the lines.
293.
Post 4098140 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
294.
Post 4098959 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
Boo anemic volume.
295.
Post 4099300 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
Coins stacking up on ask side.
296.
Post 4099420 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
so are we all going to agree then that satoshi is in fact santa clause and 400k coins are set to fly around the world in a couple days?
No. Satoshi is the NSA and 400k coins aren't going to do anything that any of us here know about.
Paying for their 51% ASIC mega farm.
297.
Post 4099453 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
so are we all going to agree then that satoshi is in fact santa clause and 400k coins are set to fly around the world in a couple days?
No. Satoshi is the NSA and 400k coins aren't going to do anything that any of us here know about.
Paying for their 51% ASIC mega farm.
They've outsourced all the hard work. They don't need to do anything regarding mining.
Did you go to 2015 in the DeLorean??
298.
Post 4099479 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
so are we all going to agree then that satoshi is in fact santa clause and 400k coins are set to fly around the world in a couple days?
No. Satoshi is the NSA and 400k coins aren't going to do anything that any of us here know about.
Paying for their 51% ASIC mega farm.
They've outsourced all the hard work. They don't need to do anything regarding mining.
Did you go to 2015 in the DeLorean??
Close. It was a strange man with a long white beard in a Lambo. All he said was, "Baaaaahhhhk to the future".
Great Scot!
299.
Post 4099864 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
What was Pirateat40 paying??
300.
Post 4099973 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
$20 pop on 31 btc volume. LOL.
301.
Post 4101442 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
302.
Post 4113597 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.45h):
303.
Post 4113905 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.46h):
Why are you still following BT China?
I'm a moron.Actually they lead the rally and the arb spread between BTCChina and other's narrowed quickly.
304.
Post 4158973 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.47h):
It's turning into a self congratulatory circle jerk in this thread.
Even if you just bought and held Bitcoin since it was $200 or less I'd like to point out that you could have made a lot more by purchasing certain alt coins and holding them back when BTC was < $200.
Lol this is all hindsight.
305.
Post 4159624 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.47h):
China price has caught up with Stamp. Last time these two came together they diverged to the downside. My hope is BTCChina is back in the driver's seat and we see a huge rally from China to Choo Choo past the gox price.
306.
Post 4197974 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.48h):
307.
Post 4207622 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.48h):
LTC/BTC on the move.
308.
Post 4210445 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.48h):
Wow look at this sudden massive flow of delusional bulls that partied too much over the holidays or something. All the sudden due to a couple buys on gox on a low volume day and some squiggly lines we are ARE BACK IN THE BULL MARKET GOING TO DA MOON NEXT STOP 10000 LOLZ.
Really? Do you not remember this exact same fake breakout in May? Like I said this weak rally is going to probably $900 maybe a bit higher before reversing into final capitulation to $500.
U mad?
309.
Post 4213266 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.48h):
It's higher risk but also higher reward. I wouldn't be completely shocked if in the next few months we saw LTC hit .1BTC.
I would. That would imply that LTC is 40% of the value of BTC. That's just insane.
Many new investors think LTC is better than BTC and will once day be worth much more.
No joke...
Good LTC chart here:
https://www.tradingview.com/e/Y43ETJHk/
310.
Post 4228474 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.49h):
If traders are not exploiting defects in the trading system itself (which is actually a "feature" on the NYSE where elite participants have better access than everyone else) then there really is no argument. A manipulator that can influence the market because he has more coins or fiat than other's is not reason to cry foul. It is also a misnomer to think a large trader negatively affects the smaller; the smaller must set his mind to figuring out what the big trader is doing and to front run him. The big trader is handicapped by his size and will move slower, unravel trades over longer time frames, thus he is the shark that suffers the irritation of a thousand sucker-fish. Of course he accepts this as long as he can get his fill.
This said, faking volume is perhaps fairly nefarious, stopping this however is almost impossible as long as the multiple accounts are under different names and different IP addresses. The exchange would have a very hard time proving this beyond being able to provide "circumstantial evidence" of suspicious trades.
311.
Post 4229604 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.49h):
I've no doubt manipulation is going on, that's what happens when humans trade in something with no regulation. As a trader I need to be aware of it and profit from it when I can. It does make trading difficult atm though with such low volume because all it takes it ONE whale to sell a couple of hundred btc and all of a sudden we're crashing.
My biggest fear for btc in the very long term is not manipulation but the 173k btc the FBI have confiscated from the closing of Silk Rd. I understand Ulbricht has claimed the return of the btc, claiming that as virtual currency they cannot be forfeit as a proceed of crime, but seeing that judges confiscate anything of value in such cases he's on pretty thin ice. I believe these coins will eventually end up in the hands of the US government who will have far too much power - just think, 173k coins all sold on same day. It's a while off (I've no idea when this is coming to court or how the US government usually deal with liquidation of confiscated assets) but this is what we should be worried about.
Still can't believe that idiot didn't have his coins spread out or even in a brain wallet. The best outcome for the coins is they are sold at auction. I really doubt these coins would be sent to gox and then sold off in a huge A-Bomb. The US government may be inept at many things but they would be smart enough to get a good price for their coins. The worst outcome would be they become property of the NSA/CIA/FBI/FED.
312.
Post 4245381 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.49h):
CHOO CHOO
313.
Post 4246898 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.49h):
Someone just put in a BTC buy order up to 1500 that's all.
314.
Post 4249352 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.49h):
I think he means 2014 will be the year when Dogecoin overtakes Bitcoin.
Why is the price of Bitcoin now 750 USD, rather than 0.75 USD or 75,000 USD?
Why would a business accept Bitcoin but not Litecoin, Dogecoin, or CitiBankCoin?
Would you store gold in a vault with a 10 foot thick steel door or a vault with a door made of plywood?
https://blockchain.info/statsLook at the bottom stat on this page. I means something very significant.
Someone has to 51% one of these coins one day.
315.
Post 4249547 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.49h):
I think he means 2014 will be the year when Dogecoin overtakes Bitcoin.
Why is the price of Bitcoin now 750 USD, rather than 0.75 USD or 75,000 USD?
Why would a business accept Bitcoin but not Litecoin, Dogecoin, or CitiBankCoin?
Would you store gold in a vault with a 10 foot thick steel door or a vault with a door made of plywood?
https://blockchain.info/statsLook at the bottom stat on this page. I means something very significant.
Someone has to 51% one of these coins one day.
As soon as the Litecoin ASIC rolls out I expect several of the minor coins to get pillaged.
Haha good point.
316.
Post 4280502 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.50h):
100k ltc buy smacked down. PPC and NMC on the move.
317.
Post 4312115 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.50h):
318.
Post 4316323 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.50h):
$6 arb between bitfinex and stamp. Not huge but I have never seen it differ by more than a dollar or two. Shorts getting squeezed.
319.
Post 4333848 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.51h):
lol I made that ages ago just as a joke.
320.
Post 4376417 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.53h):
The alts all in step with Bitcoin on the way down.
321.
Post 4376937 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.53h):
It surprises me that no one see's the obvious. Large manipulators wait for negative PR and then take the opportunity to start the drop, knowing that people will attribute it to the news and panic.
Holding is not because you're sticking with your internet friends, its because by and large individual amateur investors are going to have a really hard time timing the market properly and not losing money. You will lose less if you just step away and stop thinking about it. It's either going to be worth millions or nothing at all. You joined up for this ride, so don't quit your day job.
And please, stop complaining.
I dont sign up often to the "manipulators" meme. But in this case it looks pretty obvious. There is really no news here.
However bears may win out intermediate term. I expected an in flow of fiat this week. It doesn't look like it has arrived.
Bitcoin is probably the most psychological asset out there, it's all perception based at the moment.
322.
Post 4377324 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.53h):
Well I am glad they are selling. NO WAY these go to an exchange when we have Second Market and Fortress acquiring coins.
323.
Post 4415097 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.53h):
Since bitcoin price is largely speculative might we have reached the upper limit of pricing until real usage confirms said speculation? Wall street interest was forseen and now we have to go sideways or down for confirmation of actual utility.
324.
Post 4416621 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.53h):
Smart. Easy to deposit hard to withdrawl equals more rake.
325.
Post 4423230 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.54h):
You either only care about the current price or your a dinosaur academic type.
I
am a dinosaur academic type.
I understand enough of the protocol to believe that it is
technically sound. My skepticism is about the economic aspects.
It doesn't bother me that people are speculating (basically, gambling) on a market with very uncertain future -- as long as everybody understands the odds and risks.
It
does bother me that Bitcoin is being "sold" by some with rather misleading claims, such as "the supply is limited" (true of Bitcoin, but not of cryptocurrencies in general), "transfers are anonymous", "cannot be stolen or taxed",
"there are no fees", "banks and governments cannot touch it", etc.
And it bothers me
a lot when speculators turn to Latin America as a promising source of Rich Suckers -- who, they hope, will buy those overpriced Bitcoins that no longer find buyers in China, India, Europe and North America.
Not if I can help it.
Even if we grant you these grievances, Bitcoin is better than any currency issued by any government in Latin America.
326.
Post 4440463 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.54h):
vertex is at 900
this is fun
You had me excited but 900CAD is 826 in 'Merica
327.
Post 4440664 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.54h):
Soon gox will break the 1,000 mark again
We need to break out from 960 which we are testing for the 3rd time.
328.
Post 4440811 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.54h):
now thats market moving news!
everyone buy QE is never gana a stop
Shit will hit the fan!
the earth is dying, they dont want poeple to know
fuck the moon, 1BTC buys you a ticket to mars!
Lol someone should make QEcoin. No coin cap. Inflates at 80 billion coins a month.
329.
Post 4441001 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.54h):
This Mars One thing looks like a scam. No WAY a private, crowd/reality tv show funded, company puts anyone on Mars ever.
330.
Post 4441516 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.54h):
Soon gox will break the 1,000 mark again
We need to break out from 960 which we are testing for the 3rd time.
uhhh ohhhh
331.
Post 4458009 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.54h):
332.
Post 4476296 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.55h):
Bizarre story of a penny stock gold company switching to bitcoin mining and to develop an exchange; claim to have 550k bitcoins already!!
http://ireport.cnn.com/docs/DOC-1074434?ref=feeds/latestPump and Dump?
333.
Post 4476376 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.55h):
I was looking through the penny stock forums the other day and saw that too. I thought about making a thread here but didn't bother. What a load of crap. A budding bitcoin exchange doesn't need any help from a public ticker from the caveat emptor pinksheets. It's a shame that penny stock pusher scum are latching to bitcoin popularity/success for their latest scams now.
It's going to be a theme for the foreseeable future.
334.
Post 4476564 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.55h):
I noticed there aren't really any details about the exchange or business plans for how it intends to be successful - all you get is a link some static under construction page. All the promoters keep posting is bullish news about bitcoin itself. Duh I knew that I already - but why invest in your company? The readers might as well just invest in bitcoin itself.
Yeah the link I posted is to some cnn user created content, not a real CNN piece. Total pump and dump.
335.
Post 4489616 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.55h):
"eToro will execute Bitcoin orders four times each day"
Will be interesting how that pans out.
Probably means they will clear 4 cfds a day. So they will deal 8 hour contracts.
336.
Post 4499927 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.55h):
Haha. The Blacklist tonight talks about taking fiat running it through a ripple exchange, converting it to Bitcoin then selling it to launder money. Thanks NBC!
lol ripple.
337.
Post 4516419 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.55h):
What else do you think might cause such a change in market sentiment at this stage?
When the mining hardware finally catches up with the demand, we will see the selling pressure from miners that have to cover their running costs. This selling pressure is proportional to the Bitcoin price. With the current price, this can be an amount up to $3.6 million daily, and this will surely be your factor that can change the current up trend.
Speculators may come and go, but this selling pressure will always be there. Or at least in the next 3 years, and then half the amount in the next 4 years. Brace yourself, bear market is coming.
Very important fundamental. Up until now, profit margins have been ridiculously high ever since the first ASICs came out. Obviously, this technological advancement stops soon and will adhere to Moore's law eventually. Only because of the ridiculously high profit margins have miners been able to withhold a large percentage of daily mined coins.
As the profit margins collapse, miners feel the squeeze and are forced to sell more and more not only to cover the initial hardware costs but also electricity, rental etc.
In any other market, miners hedge themselves immediately, but Bitcoin's bubble and compressed technological cycle has created a unique situation in the short term.
Anyone who understands feedback loops will immediately grasp the horrors in my mind. We don't even know much the market could handle; I'm afraid it is very susceptible to changes in supply. Supply drought, supply shock.
Yes I have been thinking of this too. We are still at the early cycles of bitcoin expansion contraction. In any dynamic where money is ridiculously easy to obtain, participants will multiply: thus the massive jumps in difficulty. I expected a "miner squeeze" when ASIC emerged but I was very wrong. Perhaps such a contraction needed a further run-up and will emerge in the near future.
338.
Post 4519258 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.55h):
lol news out of china, going north.
339.
Post 4519428 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.55h):
lol news out of china, going north.
And you're not going to post it?
I think I got trolled by btce trollbox.
340.
Post 4519473 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.55h):
Well something is brewing in China. Volume has gone back up again at Huobi. OKCoin LTC/CNY suddenly ramps.
341.
Post 4573565 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.56h):
I thought too much shorting hurt the price in the long run?
Shorts always have to cover eventually, unless it goes to zero, which is obviously impossible. Moreover, unlike futures markets, shorting BTC by proxy does not increase the BTC float. The more the Winklefloss gets shorted, the more demand there is for Winklefloss, and the more BTC they buy, removing it from the market. Only redemptions (if the fund allows them) can free those coins to float on an exchange.
What I dont understand is how the SEC will approve this when the underlying market is a shady Chinese exchange, a shady Russian exchange, a shady Japanese exchange, and Bitstamp (less shady but still in Slovenia).
342.
Post 4573656 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.56h):
I thought too much shorting hurt the price in the long run?
Shorts always have to cover eventually, unless it goes to zero, which is obviously impossible. Moreover, unlike futures markets, shorting BTC by proxy does not increase the BTC float. The more the Winklefloss gets shorted, the more demand there is for Winklefloss, and the more BTC they buy, removing it from the market. Only redemptions (if the fund allows them) can free those coins to float on an exchange.
What I dont understand is how the SEC will approve this when the underlying market is a shady Chinese exchange, a shady Russian exchange, a shady Japanese exchange, and Bitstamp (less shady but still in Slovenia).
Get off your high horse , american....?
Name me one US Bitcoin exchange thats any better? Calling foreign exchanges shady because they're not in US? STFU already.
Is Tradehill better for you?
Oh and what about mining manufacture? Hashfast and BFL are what you're craving about?
WAT? Seriously. BTCE isnt shady?? No one even knows the people who RUN IT. Gox has proven to be a total joke, and the Chinese exchanges are running on technical loopholes in defiance of their government with zero trade fees. As for Slovenia the banking industry is shaky. SO GTFO euro scum.
343.
Post 4589736 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.57h):
LOL...
Damn someone just bought a shitload of coins on btc-e. I always forget to put in a silly high sell order just for these cases.
This is a passive way to trade the market in general. Just put buy and sells 20% or so above and below the market price and order some cigars. You could also scale orders, increasing the sizes of your orders the further you move from spot. A simple bot can automate this easily.
344.
Post 4589784 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.57h):
Weird someone keeps flashing buy orders on btce then taking them away.
345.
Post 4612518 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.57h):
went drinking and were at 970 on gox.. woo fucking hoo.. go to 1000 and ill drink some more..
however sadly everyone at the bar requires bitcoin to be backed by a government.. I kept saying why is it you trust the government so much to make your currency worth something. no answer.
Did they look like this?
346.
Post 4631564 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.57h):
At a loss of 15%? Many no thanks.
347.
Post 4655677 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.57h):
LOL flight from alts to MEME-COINS (ie doge) is hilarious. PPC is in a death spiral.
348.
Post 4679773 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.58h):
Just for the lulz I bought 1.6 million DOGE.
The Bitcoin Foundation is pissing me off so much I think we might need something like this...
Why don't use buy useful ripples instead
hahaha, my sides:) id rather use fiat!
I still don't get why people ignore that ripple is the next step for cryto ... =/
because XRP is pre-mined, obviously. Also Ripple is based on trust in people. Bitcoin is based on not trusting people. The market decides.
This is true and the big difference. However a world without trust is impossible. When you get on a plane and fly somewhere you trust everyone from the pilot to the air traffic controllers not to kill you. If tulving or kitco or apmex released a ripple silver product backed by physically stored silver, I would have no problem trusting them. The issue with fiat money and financial markets is those whom you extend trust have an incentive to be disingenuous.
349.
Post 4699448 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.58h):
Someone notify the plunge protection team!!
350.
Post 4701011 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.58h):
351.
Post 4740336 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.59h):
ATMs seem foolishly expensive in light of ZipZap.
352.
Post 4755732 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.59h):
What? Colored coins create different assets from bitcoins. Meaning that a bitcoin can be representative of property - thus it won't be used as a currency, but held. Theoretically, this would make the monetary bitcoins more rare. Has nothing to do with eliminating fungibility.
Perfect for dogecoin.
Interesting. There will be a lot of them lol....
353.
Post 4759213 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.59h):
What price did Willy stop buying? Anyone know?
I think it just buys on moving averages.
354.
Post 4760131 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_11.59h):
Bitfinex becoming a bigger player every day 400BTC walls popping up there now
I expected Chinese to get into there since it is HK based.
355.
Post 4788582 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.00h):
Found a gox/stamp spread difference chart on trading view.
https://www.tradingview.com/e/buAkE9D7/#
356.
Post 4789138 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.00h):
That's the sound of the Bears, slowly going back to their cages and closing the door.
357.
Post 4789301 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.00h):
That's the sound of the Bears, slowly going back to their cages and closing the door.
Are there any non extremist on this thread? We fall $100, then we bounce back up a little and thats the sound of bears going back to their cages? LOL
Everyone is either screaming single digits or CCMF, without a sound piece of evidence (or a clue what is going on).
Just getting my digs in.
358.
Post 4789365 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.00h):
I'm waiting for the bull to say "we're still in stealth phase".
I live in a town of 12,000 where only about a dozen people have heard of it and I'm the only one who owns any. Yeah, we're still in the stealth phase.
I live in a town of 8 million and I've never yet met a taxi driver who knew what a bitcoin was. And I always ask.
People can't buy bitcoins everywhere easily. Therefore the idea "The Public" is anyway involved in bitcoin in any sense is ridiculous.
359.
Post 4906039 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.02h):
Sure. We could easily create indexes similar to the DJIA or the S&P 500 which would gauge overall movements and be weighted by market cap. Kinda surprised someone hasn't done this yet. Whoever is first gets to name the index after himself!
Easily? How?
360.
Post 5072380 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.06h):
So it's just a trap in general.
No we can always take it a step further.
361.
Post 5072634 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.06h):
Why is gox even trading??? The exchange you can only deposit to, I mean it's laughable but unfortunately a fact.
362.
Post 5172395 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.10h):
Why are people trading on Gox? You can't withdraw fiat, you can't withdraw bitcoins. All you can do is trade and lose all your funds to fees.
WHy is gox even open for trading is the other question. The exchange where you can trade worthless IOUs for fun and no-profit.
363.
Post 5271958 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.14h):
I wont be surprised if the gox trading engine of fail allows negative numbers.
364.
Post 5272354 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.14h):
What's the strategy for people selling on Gox? Surely it's smarter to keep the money in BTC at these prices vs gamble that they can get a fiat withdrawal to go through any time soon.
Might have a better legal recourse if trying to sue someone for fiat than btc.
365.
Post 5328752 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.17h):
Now THAT is a wall.
366.
Post 5328904 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.17h):
I just want to see someone snap off the whole 10k.
367.
Post 5328954 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.17h):
Anyone got the text for this article....I'm not putting money into Rupes pocket thank you
Protip: google search the url.
368.
Post 5331024 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.17h):
Good morning guys, what is up ? did I miss anything, I dont want to go through the last 20 pages so can anyone summarize what is happening ?
THIS:
369.
Post 5352336 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.18h):
hahah oh god this made me laugh.
370.
Post 5352398 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.18h):
Now hopefully people understand the hodlers position of not sending their coins to third-parties.
371.
Post 5352691 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.19h):
Wow, 700K Bitcoins was a lot to pay for it!
Going to have to buy 700k btc on bitstamp: to the moon.
372.
Post 5353265 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.19h):
Lol at that dude that transferred $50k into Gox a couple days ago...
373.
Post 5354261 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.19h):
I hope people are under no illusion that other exchanges are any more safe.
374.
Post 5377736 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.20h):
I guess I'm a little slow letting the news sink in. If 744K coins are really missing, nobody is going to bail out Gox. it's just too much money and the coins would have to be purchased elsewhere, driving up the price further. MK is delusional in thinking he can fix this. Nobody will make his victims whole. The coins are likely unrecoverable and the reason he has been so obtuse is because the magnitude of his failure is overwhelming. I feel sorry for him now. There is no possible redemption. No apology will suffice, and the cops are coming. The statement of remorse I was looking for will come at the sentencing hearing.
The missing coins have likely already been spent into circulation or have disappeared forever along with their private keys. Wow.
so why is bitcoinwisdom showing price movement on Gox?
Yes. The Prof is right. There is a possibility that 744k bitcoins have been
destroyed by MtGox if the private keys have been overwritten in its database. Does anyone know whether gox ever implemented HD wallets internally?
This would be *insane*,the blunder of blunders.
375.
Post 5493697 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.23h):
This rally will have some legs imo. 800k bitcoins need to be replaced.....
376.
Post 5493842 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.23h):
what if the person who posted
http://pastebin.com/W8B3CGiN is actually a white hat and they are keeping all teh Goxcoinz nice and safe for us?
So this is what $750 million dollar code looks like.
377.
Post 5560969 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.24h):
Double bottom on massive volume.
http://i.imgur.com/bsG1s1U.png
378.
Post 5634382 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.25h):
Ancap seeks to socially apply many of the already-developed principles of economics. The premise of ancap is the non-aggression principle, thus it recognizes the inherent illegitimacy of all government. The problem most people have with ancap is that it necessitates suffering of the weak. If the US were to suddenly go ancap there would be a long period of the weak dying off, a "purge" if you will.... but what people don't understand is that the resulting society would be almost utopic.
So a little Hell on earth for the promise of Heaven? The Nazi's tried this already.
379.
Post 5671121 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.26h):
380.
Post 5675204 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.26h):
Can't recall last time when sell-side order book was out-dwarfed by the buy-side....
381.
Post 5714383 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.26h):
now according to my sources, we'll be at $700-760 in 2-3 days
OK>>>>> I will bite... who are your sources?
If it is BitcoinSteve I'm going all in.
382.
Post 5754820 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.27h):
383.
Post 5758061 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.27h):
Mega Wall Alert
384.
Post 5758215 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.27h):
Now we need that "never seen before" bubble chart to put these "it might never go back up" talk in the time frame on it
There's also always THIS "never before seen" chart to show too:
It might not mean "btc is never going up" but is enough to justify withdrawing and coming back later.
Dat 500k candle. God.
385.
Post 5758241 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.27h):
386.
Post 5758278 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.27h):
Buy when everybody is pessimistic.
We might not be there yet but it's close.
How can we be close to pessimistic? Bitcoin was $100 a year ago. True despair-pessimism is a long WAY DOWN.
387.
Post 5795171 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.27h):
388.
Post 5797939 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.28h):
good call... we need to go to Roman numerals to conserve space.
Let's save more and go binary
I'll start.
0
1
How the hell does binary save space?
389.
Post 5848160 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.28h):
Finally he said, "But..." and there was a long pause as he was out of arguments. I interrupted and said, "What you're realizing in this moment is the paradigm shift. Western Union, out of business. Credit card companies, out of business. Banks? Well, we will see."
He recognized it could change all payments, credit, cash, checks, international, and that it could possibly put a hurting on bank fees. He held onto the fact banks still make loans. I didn't have the heart to tell him that might wane if they couldn't make absurd money from fees. He'll figure it out.
Credit cards aren't going anywhere. People live on credit.
390.
Post 5850111 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.28h):
391.
Post 5850136 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.28h):
Some serious walls on bitfinex.
That is a fake wall at $600, imo. Pretty obvious.
Ya trader's using leverage to hold the price down.
392.
Post 5850248 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.28h):
i'm just buying off the hidden order at bfx and selling on stamp now
So you are taking a $2 arb? Is there darkpool orders on bitfinex or stamp or would someone do this with a bot?
393.
Post 5850528 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.28h):
Never seen much of an arb between stamp and finex before. Haven't been chart watching lately has this been common?
394.
Post 5850904 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.28h):
The higher the price the more distributed ownership will become.
395.
Post 5851222 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.28h):
Finally he said, "But..." and there was a long pause as he was out of arguments. I interrupted and said, "What you're realizing in this moment is the paradigm shift. Western Union, out of business. Credit card companies, out of business. Banks? Well, we will see."
He recognized it could change all payments, credit, cash, checks, international, and that it could possibly put a hurting on bank fees. He held onto the fact banks still make loans. I didn't have the heart to tell him that might wane if they couldn't make absurd money from fees. He'll figure it out.
Credit cards aren't going anywhere. People live on credit.
NEVER say NEVER> I would say that it would take a minimum of 5 to 10 years to transition out of these kinds of credit institutions... but most likely in the 20-30 year time-frame... if we get success of crypto currencies.
Success of crypto = no more credit? Or do you mean crypto loans will eventually be extended?
396.
Post 5867606 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.28h):
397.
Post 5868097 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.28h):
Has bitfinex decoupled from bitstamp and become more of its own exchange now?
398.
Post 5868165 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.28h):
Something brewing?
399.
Post 5905201 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.29h):
And here I thought you were just some silly dude who tried to ban twitter by blocking DNS, but I really like the way you put that.
I will now steal it for my signature. Thanks Erdogan
Actually, "Virtual currency" is pretty correct for Bitcoin. There are no bitcoins, only the transfer of bitcoins.
To me it is the worst way to describe bitcoin because the meaning of "virtual", especially in the context of the internet implies a "non-reality" or simulation of something real.
400.
Post 5921877 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.29h):
We can always spike down to 430ish, but she looks good.
401.
Post 5922194 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.29h):
Fake sell walls on bitfinex looking less scary.
402.
Post 5922813 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.29h):
Fake sell walls on bitfinex looking less scary.
85% of the volume from these walls is from Bitstamp and they´re (most) definitely not fake. A few people bought into the 500
BTC asks around 587, and not only they didn´t they vanish, quite the opposite
happened; they got refilled everytime someone took a bite.
To be more precise, last few weeks bitfinex sell side was larger in scale than buy side, this is no longer the case.
From 3 days ago:
403.
Post 5989679 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.31h):
Beginning to think the whole run up to 1k was due to gox shenanigans.
404.
Post 5995612 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.31h):
Weirdness. Scary walls appeared when we were up to $480 then ask side liquidity vanishes after a dump down to $450.
405.
Post 6010426 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.31h):
Why would I give a shit about some foreign debt collection agency or US citizens complain about bypassing sales taxes?
Stop quoting Mah87. He's been full ripple since he missed the bitcoin boat...
ripple is in the same boat as bitcoin when it comes to the IRS, lets all switch to USD.
I'd rather invest in USA's pennies, considering they cost about 1/3 more than they're worth to actually make...unfortunately, the value of a penny can't increase, unlike say, a bitcoin...
Then: much loss, so claim
good call
Lol, I actually throw pennies away, they are such a waste of space. If I would have saved all the pennies in my life that I have thrown away...I would probably have enough money to buy.... a beer. lol
And if I had never drank any beer I'd be retired by now.
406.
Post 6085425 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.33h):
Big operator is obviously playing both sides of bitfinex orderbook.
407.
Post 6085561 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.33h):
Big operator is obviously playing both sides of bitfinex orderbook.
looks rather bullish when the market marker is not there.
They're baaaaaacccccckkkk.
408.
Post 6085741 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.33h):
Big operator is obviously playing both sides of bitfinex orderbook.
looks rather bullish when the market marker is not there.
They're baaaaaacccccckkkk.
do you think this could be the stamps swaps being temporarily removed and added again tho? for wtv technical reason...
Ya seems possible. Who knows. In other news bitstamp volume non existent.
409.
Post 6090574 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.33h):
410.
Post 6090739 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.33h):
the next dump could be brutal
For the dumper yes. Who would dump at these prices?
I just market sold 3 BTC @ $465. If this shit continues, I'll double that and then double it again. Then I'll leverage short.
This doesn't make any sense. One should make decisions based on the current market, not "I am going to chase losses with leverage if I am wrong".
411.
Post 6104153 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.33h):
^^ exactly.
If you can see clearly the manipulation, what's the problem? nobody has any special advantages in a zero sum game.
Well before the SEC there were lots of things big traders were doing that eventually became illegal, but maybe your point still stands.
412.
Post 6149911 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.34h):
Seems like a dump waiting to happen. I could see a spike below $400 but hopefully it would only be a bear trap to fleece panic sellers.
413.
Post 6150291 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.34h):
414.
Post 6150341 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.34h):
A ton of bids flew off buy side.... Dammmmmmmmm
415.
Post 6150991 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.34h):
416.
Post 6165988 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.36h):
417.
Post 6192655 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.36h):
I think its going to be safe to get some sleep tonight
hey, less than 24 hours before the 14th!! sleep well, but maybe set your alarm!
+1
Yer if you have android download bitcoinium if you haven't already. and set the max high and low price in the alarm settings.
Don't worry I always set alarms just tonight I don't think I'll be hearing them
I need to try out bitcoinium but use bitcointicker.co which has alarms as well although the fog horn alarm still scares the shit out of me every time
I went away for the weekend once and left my browser open. Of course the price rode my alarm settings all weekend and my neighbours were PISSED. hahaha
418.
Post 6221965 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.37h):
419.
Post 6259182 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.38h):
This is the 3 day chart. I think the big money is concerned with much longer time-frames than the "day trader" reading his
tea leaves 15m charts with great skill. The battle ground has been well defined by massive volume on the two big down spikes and then the test of 430 with the spike down to skin some bears. If we can stay above this $520 range and reject a re-trace we can be in business to start planning Apollo 14.
420.
Post 6529663 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.42h):
Earlier than I expected.
EDIT: Ah, they're only studying it. Good, good.
Now I will keep my funds on the European exchanges for sure.
Edit:
This news combined with the fact that Mastercard hired some lobbyist to create some anti-bitcoin awareness is really bad news.
No it isn't. It means people who run Mastercard are afraid of bitcoin and are confirming it's utility by attacking it.
421.
Post 6549260 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.42h):
Someone just dumped ~500 coins and less than 2 seconds later someone market orders 400.
I think we have a war.
It'll never compare to that day when whales where dumping and market ordering thousands of coins at a time. Anyone else remember that craziness? Something like 2-5kBTC market orders in both directions, for like 70k volume in an hour?
my fav market moment was when bitcoinia long squeezed everyone and 5 mins later ( no joke 5 mins!) the price was higher than where the long squeeze started
was like a ~60% swing down and up in about 15 mins
that was epic!
ah the good old days when bitcoin was a joke.
Bitcoinica was awesome. I am surprised and disappointed no one has made a replica for one of the alt coins. Stupid leverage with a soft orderbook on the underlying market = madness.
422.
Post 6604810 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.43h):
I didn't say a word about China. This is strictly technical. The end of a trend needs to be marked with an increase in volume.
I would not wait for an increase in volume, I don't think it will ever come.
Mt Gox ruined that trust, these exchanges are just too amatuer. Nobody feels comfortable putting large amounts of fiat/coins into them anymore. Large buyers and sellers will wait for institutional level exchanges, and in the meantime the buying will happen through Second Market, dark pools, and directly from miners.
There won't be an uptick in volume on Bitstamp, the stream of coins coming in for sale will slowly dwindle as the off chain buying increases. You will wait for large volume, but suddenly there will hardly be any coins for sale. Buying on Stamp-level exchanges will be for small fish and last-resort larger traders.
This is why the money has been going into start-ups as VC funding.
423.
Post 6864744 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.45h):
You even know what a Nazis is? National socialism...... Show me one crypto coin that is socialist?
Um. Just because they called themselves Socialists doesn't make them socialist.
They were in fact fascists, right-wingers not left-wingers.
[/politics]
Same difference. They had a planned economy and imposed strict societal reform.
424.
Post 6883746 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.46h):
Wow, can hardly believe the ripple news, why do people still think centralized and heavily owned currencies are the way forward?
Because they're stupid. But luckily the market punishes stupidity accordingly, it's the perfect form of justice.
Well the guy who made it has made a fortune buying btc with it, so he basically pre-mined a centralised alt-coin and is running to the bank.
425.
Post 6883787 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.46h):
You need to select market cap by total supply.
Hm but did it lose 38% the last 24 hours? What's going on?
Founder is leaving and dumping 9 billion coins.
satoshi could do the same thing with btc one day.
Satoshi surprisingly has not moved the majority of his coins. From reading his posts from when he was on here (and the p2p site he originally posted to), he seems to care about the community (especially when he cleared dorien).
He probably would not kill his own creation. If anything, he might use the coins to help any furture issues (or future bitcoin related endeavors)
Yeah he could actually provide liquidity if a large player managed to corner the market, (like an unhappy government). Hope he has his true identity locked down tight, the world powers would probably be quick to rob him of his coins if bitcoin takes off.
426.
Post 6884029 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.46h):
lol what's the name for a candle like that?
427.
Post 6885204 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.46h):
oh look a wall!
Someone trying to put a brake on the cho cho train.
428.
Post 6885639 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.46h):
I don't see a fundamental basis for the technical rally. Cumulative good news in the West and a lack of bad news in China do not appear to be an adequate explanation. This was mostly just seller exhaustion which is not the same thing as a sustained increase in demand. What has happened to make BTC appear more valuable?
What needs to happen for me to feel comfortable that a prolonged bull market is underway is for some new application or applications to be deployed that offer some new benefit. With all of the potential, I'm actually surprised we haven't seen more code development translate into usable applications. What I would most like to see are more and better title tracking tools in the block chain.
On the political side, the East/West divide is growing over Ukraine, the pipeline deal between China and Russia, and currency wars. This is starting to look like Cold War II and if the Eastern powers see Bitcoin as a primarily Western phenomenon, then an eventual banning of BTC-e and Chinese exchanges will be likely. Ironically, Bitcoin would be a powerful tool to break the iron grip of Western Banksters over the world economy, but up until now I see no indications that the Eastern Powers recognize it as such.
I still have my trade account close to 100% fiat and I'm painfully aware of the possibility that I'm missing the train. My consolation is that the vast majority of my holdings are in cold storage. I'm still an ultrabull, but obviously not a permabull anymore because there remains substantial risk that we are not out of the woods yet. China needs to become not just less relevant but functionally irrelevant if a technical or political solution to PBoC hostility is not found. Bulls should find comfort that I and those like me still have lots of fiat on the exchanges to provide support if the rally falters.
Using the exchanges as the actual pricing mechanism is probably insufficient. Lage buyers were probably going OTC and shorting like hell at bitfinex. Ie keep the exchange price low, while buying from private sellers.
429.
Post 6885799 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.46h):
Someone is trying really hard to stop the price from climbing, I mean a 1400BTC sell wall, why would you sell at $550 when there's a rally going on?
It's a good exit strategy. Not sure how long this rally will last. He's not trying to catch the peak
lol......so a good exit strategy is to quell a rally ready to run?
430.
Post 6936001 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.47h):
Nothing else goes into bull mode like bitcoin does. CHOO CHOO.
431.
Post 6940520 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.47h):
432.
Post 6959921 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.47h):
The bull markets make me more nervous than the bear ones even though I'm a hodler. If we carry on like we have been, it'll be ATH in about 2 weeks. That's MENTAL.
Yeah when we spiked to 1k I was more nervous than when it was going down.
433.
Post 6959940 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.47h):
Is that Huobi spike real?
434.
Post 6982030 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.47h):
Wow.
4 pages of Jorge discussions. Amazing, simply fucking amazing.
Is there a way to ignore posts with related words? Like the word "Jorge" for example.
Would be great.
435.
Post 6984682 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.47h):
Another dump soon?
What's so special about 580-600 that we can't cross it?
$560 is support level imo. We busted the long term down trend at $480 and smashed though $560 pretty readily. There has been some resistance to $600, testing twice, but the market is at odds so we are going sideways. Next resistance point $625 so if we stay above $560 and consolidate we should see another move up.
436.
Post 7005077 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.48h):
That FB app might actually work well. People owe each other money all the time so now you can badger them over FB and ask for bitcoins.
437.
Post 7027925 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.48h):
Wondering if this is close enough to be considered a pennant closing on the 30min..bullish?
On the longer time frame we broke the down trend early and sitting above a resistance level. Imo the rocket is on the launch pad.
438.
Post 7063448 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.49h):
Weekly MACD could turn green ... soon-ish.
my thoughts exactly.. June 5th is still possible no?
What's interesting is the downtrend (although already broken) would have converged on June 5th. Someone might have front run the rally and bought early.
439.
Post 7063640 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.49h):
440.
Post 7064836 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.49h):
Dat $650 wall.
441.
Post 7081128 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.49h):
LOL....Warning - while you were reading 821 new replies have been posted. You may wish to review your post
Wow a 10k red candle that holds above $625.....it's go time.
442.
Post 7100532 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.50h):
Ask depth to 700 is stacking up. The bigger walls the harder they fall.
Are you really of the opinion that those walls are for real? Surely some of them may be for real, but they are easily pulled, as well.
There was a big wall at $650, pretty sure it got ate.
443.
Post 7101144 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.50h):
HAIL SATAN
444.
Post 7118635 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.50h):
Sideways in the range for a few days?
445.
Post 7137410 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.50h):
446.
Post 7139005 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.50h):
TERA, very interesting. So it means that currently resistance is $678 and support $566? I think we also have a smaller resistance now at ~$650, which coincides with sMA 200 and the neckline from recent triple top.
If you draw the bottom at $340, then you have support at $530 and resistance at $650. If you draw the bottom at $380, then you have support at $560 and resistance at $675. I'm not sure which one to use.
Based just on market observation, seems we have resistance both at $650 and $676. I wish I knew where the support is.
85 cents obviously LOL!!!!
447.
Post 7139022 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.50h):
TERA, very interesting. So it means that currently resistance is $678 and support $566? I think we also have a smaller resistance now at ~$650, which coincides with sMA 200 and the neckline from recent triple top.
If you draw the bottom at $340, then you have support at $530 and resistance at $650. If you draw the bottom at $380, then you have support at $560 and resistance at $675. I'm not sure which one to use.
Based just on market observation, seems we have resistance both at $650 and $676. I wish I knew where the support is.
$625 imo.
edit
Actually we haven't even broken out of the rally trend yet.
448.
Post 7139147 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.50h):
About 20 or more posts, just disappeared off of the thread............. That really messes me up
Blitz doing his worst to moderate. Defend and encourage blatant trolls, delete the meme-spam.
449.
Post 7175836 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.51h):
The fight is on with low-medium volume!!!
Ha! Just wait until Wally the Wall Guy buys his own wall(s) out! Then we shall see some proper volume. Especially when all the noobs see a PANIC BREAKOUT!!!
we are still comfortably within the channel.
continue to sell the spikes and buy the dips.
until we break this somewhat random formation of lines I chose, that's what I'm doing.
Your bottom line is wrong. Connect the 3 bottom spikes. That's a much stronger line of support, and it's also much more bullish.
I disagree. The bottom line is based on high volume bearish candles for good reason.
450.
Post 7281803 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.52h):
Lol the bitcoin market is so irrational.
451.
Post 7334381 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.53h):
Aussie Bitcoin mining company going live on Australian stock exchange.
https://www.google.ca/finance?q=dcc+asx&ei=ET2eU4joFIesiALW14HIDw
452.
Post 7334718 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.53h):
I would think that anyone who knows a little about how the U. S. Government works would have guessed quite accurately when and how the auction would take place. They must dispose of any property that they seize according to the law. They had neither the choice nor the motivation to keep the coins, trade with them, or sell them in a private deal.
Couldn't they just "destroy" them, as they do for illegal stuff like drugs ? (send them to a random address and not store the private key)
The fact that they sell them instead of destroying them has a strong meaning.
Selling them is a no-brainer. The US government destroying $16m of a saleable asset would be pretty outrageous to a lot of people. <tinfoilhat>The drugs go to the CIA and they get the money back quietly.</tinfoilhat>
453.
Post 7335237 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.53h):
I would think that anyone who knows a little about how the U. S. Government works would have guessed quite accurately when and how the auction would take place. They must dispose of any property that they seize according to the law. They had neither the choice nor the motivation to keep the coins, trade with them, or sell them in a private deal.
Couldn't they just "destroy" them, as they do for illegal stuff like drugs ? (send them to a random address and not store the private key)
The fact that they sell them instead of destroying them has a strong meaning.
^the guvnment destroying drugs? *thats news to me! LOL =)
When I thought about this it seems stupid to destroy a large drug shipment. THey should really sell it back to the cartels for a discount over production costs. This way intercepting drugs would be profitable.
454.
Post 7348549 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.53h):
$600!!
455.
Post 7356752 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.53h):
456.
Post 7369038 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.53h):
Bitfinex pushing first again. 615-ish. And BTC-e hardly above 600.
Weird for Bitfinex lately, I don't recall them being this popular.
http://www.reddit.com/r/BitcoinMarkets/comments/27vq6b/why_the_large_difference_between_bitstamp_and/ci533wg
457.
Post 7371472 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.53h):
There is no doubt Jorge is just a very good troller.
458.
Post 7446496 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.54h):
459.
Post 7459422 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.54h):
Difficulty beginning to bubble.
460.
Post 7497028 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.54h):
Time for a dip?
461.
Post 7518856 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.55h):
I learned something while reading here.
And that is that nobody and i really mean nobody has a fucking clue what they are talking about.
Anybody who uses this thread to know when to buy and sell might as well throw some dice or darts. The results will probably better.
All these "facts" and charts and lines and people acting like they know it all.
It really isn't much better than the Btce troll box here. A bit more civilized maybe but in the end it's nothing but idiots screaming BUY BUY BUY SELL SELL SELL! We all do it in one way or the other.
Also hilarious how everyone is an auction expert suddenly. And a China expert and an expert in anything really.
lol took you long enough.
462.
Post 7555126 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.55h):
Trading bitcoins in from her cam-show?
463.
Post 7555866 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.55h):
The amount of American Psycho gifs posted in here is a bit disturbing. Where's ElectricMucus when you need him...
Need ElectrisMucus.....Incomprehensible.
464.
Post 7555964 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.55h):
465.
Post 7556134 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.55h):
btc.sx <- is this ligit?
I read the FAQ, but I'm already drunk and I don't quite understand, but it seems legit.
plus it seems to be Bitcoin only, I haven't yet seen a deposit or even a balance for fiat. in fact, it doesn't look to have any ties on the customer end to fiat at all.
just plain old bitcoin betting
I'm seriously curious, has anyone tried this out yet?
Why not just use bitfinex? There are futures contracts at icbit.se, and plus500 and avatrade can offer you usd based exposure.
466.
Post 7647920 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.57h):
Can't unsee Wank Bear. ;(
467.
Post 7650459 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.57h):
Interesting post from Mining Spec forum.
When calculated in the OP over the time period from March 14, 2013 to March 13, 2014 the average increase in the difficulty and hash rate was
23.92% per adjustment period and the average length of each adjustment period was
11.38 days.
Recalculating over the period June 29, 2013 to June 29, 2014 it is
23.45% and
11.41 days.
Assuming the network growth rate over the next year is the same as it was this last year we get:
Hash Rate Power Energy Cost Cost
Date Difficulty TH/s MW MWh $/Period $/BTC
--------- ------------------ ----------- ------- ---------- -------------- ----------
10-Jul-14 20,762,587,053 148,627 149 40,687 $4,068,655 $80.73
21-Jul-14 25,631,656,286 183,481 183 50,228 $5,022,802 $99.66
02-Aug-14 31,642,579,140 226,510 227 62,007 $6,200,707 $123.03
13-Aug-14 39,063,133,629 279,629 280 76,548 $7,654,846 $151.88
25-Aug-14 48,223,894,840 345,205 345 94,500 $9,449,997 $187.50
05-Sep-14 59,532,961,579 426,160 426 116,661 $11,666,131 $231.47
16-Sep-14 73,494,136,594 526,100 526 144,020 $14,401,975 $285.75
28-Sep-14 90,729,370,258 649,476 649 177,794 $17,779,407 $352.77
09-Oct-14 112,006,467,575 801,786 802 219,489 $21,948,885 $435.49
21-Oct-14 138,273,292,794 989,814 990 270,962 $27,096,155 $537.62
01-Nov-14 170,699,995,402 1,221,937 1,222 334,505 $33,450,520 $663.70
12-Nov-14 210,731,138,613 1,508,495 1,508 412,951 $41,295,058 $819.35
24-Nov-14 260,150,052,591 1,862,255 1,862 509,792 $50,979,231 $1,011.49
05-Dec-14 321,158,279,258 2,298,976 2,299 629,345 $62,934,457 $1,248.70
17-Dec-14 396,473,647,839 2,838,112 2,838 776,933 $77,693,322 $1,541.53
28-Dec-14 489,451,350,262 3,503,683 3,504 959,133 $95,913,314 $1,903.04
08-Jan-15 604,233,410,162 4,325,337 4,325 1,184,061 $118,406,107 $2,349.33
20-Jan-15 745,933,204,108 5,339,679 5,340 1,461,737 $146,173,722 $2,900.27
31-Jan-15 920,863,255,215 6,591,897 6,592 1,804,532 $180,453,167 $3,580.42
12-Feb-15 1,136,816,447,014 8,137,773 8,138 2,227,715 $222,771,543 $4,420.07
23-Feb-15 1,403,413,185,274 10,046,176 10,046 2,750,141 $275,014,073 $5,456.63
06-Mar-15 1,732,529,973,307 12,402,122 12,402 3,395,081 $339,508,086 $6,736.27
18-Mar-15 2,138,828,493,208 15,310,564 15,311 4,191,267 $419,126,699 $8,316.01
29-Mar-15 2,640,408,762,814 18,901,071 18,901 5,174,168 $517,416,806 $10,266.21
10-Apr-15 3,259,615,465,609 23,333,592 23,334 6,387,571 $638,757,092 $12,673.75
21-Apr-15 4,024,033,374,406 28,805,592 28,806 7,885,531 $788,553,093 $15,645.89
02-May-15 4,967,716,213,515 35,560,840 35,561 9,734,780 $973,478,006 $19,315.04
14-May-15 6,132,703,703,449 43,900,273 43,900 12,017,700 $1,201,769,972 $23,844.64
25-May-15 7,570,894,370,329 54,195,400 54,195 14,835,991 $1,483,599,070 $29,436.49
06-Jun-15 9,346,357,550,986 66,904,854 66,905 18,315,204 $1,831,520,385 $36,339.69
17-Jun-15 11,538,187,590,255 82,594,824 82,595 22,610,333 $2,261,033,313 $44,861.77
29-Jun-15 14,244,027,380,899 101,964,275 101,964 27,912,720 $2,791,272,041 $55,382.38
In other words something has got to give by the end of the year, or actually before November 1
468.
Post 7667523 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.57h):
It may be possible bitcoin was essentially over-valued for a long time and the adoption by online players was already baked into the price. Good news now has to be of the Google, Ebay, Paypal, Amazon type variety to make an impact.
469.
Post 7697204 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.57h):
Slow steady grind to 1k?
470.
Post 7697260 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.57h):
Slow steady grind to 1k?
Not sure about $1k. I think we'll see an explosive movement into the $700s, though. There's some big resistances in that area, I think. If we can break it convincingly, I could see $1k, but not before we are rallying strongly above $800.
Above $800 is really the unknown.
471.
Post 7712779 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.57h):
It's Monday 11:00 am in China and Huobi again has very low volume, like last Monday Jun/30.
That time, the lull was suddenly followed by a big rally at 13:00 (05:00 UTC).
Will it happen again this Monday?
I expect things to pick up at least a little tomorrow....*fingers crossed*
It's feeling increasingly bullish. Looking at the reverse head and shoulders pattern on the chart you would expect resistance at around $650, but if the $640 wall is pulled there will be little resistance. If we go past $650 it will be a strong buy signal imo.
We're still on the uptrend imo.
472.
Post 7721484 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.57h):
what does btc have to drop bellow before its seen as trend reversal?
443
seriously that low?
$560
473.
Post 7728936 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.58h):
474.
Post 7762473 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.58h):
Reminds me of the awful times in the realms of 450.
Reminds me of the awful times in the realms of $10.
The worst was the retrace from the then incredible ATH of $32, all the way in slow agony to $2.
475.
Post 7832432 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.58h):
We are still in an uptrend imo. Y'all have been spoiled by $200 day price increases.
476.
Post 7841459 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.58h):
time to die buy.
I've... seen things you people wouldn't believe...
Attack bears on fire off the shoulder of $1200.
I watched btc-walls glitter in the dark near the MtGox Gate.
All those gains will be lost in time, like tears in rain.
A+
477.
Post 7849273 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.59h):
Come on bitcoin let's bounce.
478.
Post 7860445 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.59h):
Tinfoil hat again but judging by the amount that whale on stamp is willing to dump whenever it rises I'm guessing they stand to lose an awful lot if it goes up much. One scenario would be someone lending on bitfinex, selling part of his stash to the borrowers then holding the price down until they have to cut their losses, he gets the interest and buys back his coins at a lower price. All this selling is coming from somewhere and if there's not a foil wrapped answer then it has to be a few million dollars a day in bitcoin commerce. If that's it then there will probably be a period of hysteresis, overshooting up and down until it finds an equilibrium plus it will be very bullish for when the payment processors release figures.
That's an interesting concept: holding the market down for interest collection.
I wish I had some time to play with the data to contemplate this theory a little more in depth.
Yes I had this very thought. THe leverage longs are simply being milked as the price stagnates.
479.
Post 7931047 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.59h):
Now with Dell on board you have to be really dumb to just keep selling. It's clear there is only 1 way to go and that's up.
Then again i love seeing those idiots lose their money. Nothing better than seeing a 200 dump and the price going up 5 minutes later.
The dumb bears will still be saying merchant acceptance leads to more bitcoin being converted to fiat, which is very very shortsighted
merchants would not convert btc>fiat using public exchanges anyway. + we all seem to look closely to these type of exchanges and their prices but it aint were most of bitcoins are (there is around 2 to 3 millions BTC out of 13million total on public exchanges).
The early acceptor merchants are quite foolish to not be holding until the ETF materializes. There is limited risk that the price of bitcoin will be less than the price at the launch of the ETF, and they could easily hedge right away by going short. As it is now they are selling coins to the very people stomping the price on Bitfinex and Bitstamp.
480.
Post 7954211 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_12.59h):
Cavirtex with crazy spikes.
481.
Post 8059627 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.01h):
482.
Post 8078485 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.01h):
Does anyone like Flight Simulator?
Remember how there was this project that would let you query satellite photo imagery from map sites and overlay it over the map? Remember how cool that was?
Then do you remember how some asshole from Google sent a cease-and-desist and ruined it?
I wonder who that asshole was...
http://www.biosfarm.ro/~vuk/apps/sdk/FSX/Tileproxy/README.TXTI just don't understand Hearn. He is a techy geek who loves bitcoin. AND he is a habitual rule follower. Doesn't seem like a likely combination. But it is an annoying one.
NSA stooge.
483.
Post 8128422 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.02h):
My coins are going to be my retirement. So, im more worried about the price 15-20 years down the road. The one thing bitcoin has done and always do is go down and up, rinse repeat.. I have total confidence that we will be well above the 5k mark in 10 years, probably sooner..
I would temper your optimism by suggesting bitcoin may not be around in 15 years let alone 5. That said if it is around in 15 years you are most definitely retired.
484.
Post 8144183 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.02h):
COME ON $600
485.
Post 8191261 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.02h):
486.
Post 8203844 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.03h):
Purchased a Trezor today... paying for something was never so easy.
Trezor is safe? And how many days it took to deliver?
I was thinking of purschashing a new laptop, download bitcoin-qt on it(is a password like 45LaZywindow55 a safe password?), put a couple backups on USBs and put it offline till I need the money again. Not sure how safe this is though?
Just use paper. bitaddress.org
487.
Post 8257344 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.03h):
edit
The first large spike should be shifted a bit to the left to match up with the 1st huge selloff.
488.
Post 8261008 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.03h):
edit
The first large spike should be shifted a bit to the left to match up with the 1st huge selloff.
You are trying to say that the selloff is corelated to the bitcoin days destroyed or am I missing something here?
Ya. Old coins raced to sell off into +800. Basically it helps me be optimistic we aren't in for a huge dump.
489.
Post 8271187 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.03h):
Minor technicality: I would NOT call 3,600 BTC daily as almost 4k BTC daily.
I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point. I should check. If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract. Which in turn is indicative of a massive bubble imminent. But I haven't checked yet.
hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct!
do you have the means to check this? If so I would like to kindly ask you to do so.
Ive mentioned it a couple of times on the forum already today, but I have it through very good sources that the majority of large miner coins that are being sold are being sold off exchange for a point or two premium by hedge funds.
A large miner recently confirmed that he had had several calls put into him by hedge funds looking to buy every coin he had. If they are tracking him down, their tracking others down as well. I think this is one of the reason selling has practically dried up relative to what it used to be. Big money is desperate not to have the price run up.
If this is true then the next bubble will be incredible.
490.
Post 8288561 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.03h):
Just don't bring out the Wat lady....whatever you do.
491.
Post 8317249 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.04h):
Good post on reddit attempting to guestimate where the rotting longs on bitfinex will see a margin call.
http://www.reddit.com/r/BitcoinMarkets/comments/2dag4l/bfx_margin_call_watchand_calculations/
492.
Post 8480248 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.07h):
We can see $450 easily.
493.
Post 8492866 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.08h):
I just noticed the strong resistance that was at bitfinex around 670$ is gone. Just gone. Its like a desert up there.
$6...70? what. We're at $517.. Looking at >$150 higher in the orderbook tells nothing about anything.
But I too have noticed that the bitfinex orderbook has changed since the last downswing. The orderbook both ways is much smoother with a wider spread. It's at least food for thought.
494.
Post 8546337 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.08h):
Newegg.ca giving 30% discount on bitcoin orders over $500.
495.
Post 8563155 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.08h):
C'mon $2m market order one time!!
496.
Post 8563402 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.08h):
She wants to pop, I can feeeeeeeeeel it.
497.
Post 8564217 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.08h):
498.
Post 8565509 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.09h):
Market not spooked by this wall at all. This is pretty weird considering how nervous people have been. In an unrelated aside, days destroyed is at a absolute minimum: old coin owners are happy to hodl.
499.
Post 8694889 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.10h):
I posted this before but I think it deserves a re-post. Check mining spec forum for full thread.
Basically it implies bitcoin can be considered over-valued but if difficulty continues to ramp we should hit 1k by January.
When calculated in the OP over the time period from March 14, 2013 to March 13, 2014 the average increase in the difficulty and hash rate was
23.92% per adjustment period and the average length of each adjustment period was
11.38 days.
Recalculated over the period June 29, 2013 to June 29, 2014 it was
23.45% and
11.41 days.
Now, recalculating over the period August 24, 2013 to August 31, 2014 it is
21.12% and
11.63 days.
Assuming the network growth rate over the next year is the same as it was this last year we get:
Hash Rate Power Energy Cost Cost
Date Difficulty TH/s MW MWh $/Period $/BTC
--------- ------------------ ---------- ------ ---------- -------------- ----------
11-Sep-14 33,220,936,877 237,808 238 66,349 $6,634,853 $131.64
23-Sep-14 40,236,446,759 288,028 288 80,360 $8,035,984 $159.44
04-Oct-14 48,733,473,526 348,853 349 97,330 $9,733,002 $193.12
16-Oct-14 59,024,880,009 422,523 423 117,884 $11,788,392 $233.90
28-Oct-14 71,489,598,585 511,750 512 142,778 $14,277,833 $283.29
08-Nov-14 86,586,583,575 619,820 620 172,930 $17,292,988 $343.11
20-Nov-14 104,871,710,060 750,712 751 209,449 $20,944,876 $415.57
02-Dec-14 127,018,241,359 909,246 909 253,680 $25,367,960 $503.33
13-Dec-14 153,841,618,762 1,101,258 1,101 307,251 $30,725,098 $609.62
25-Dec-14 186,329,486,300 1,333,819 1,334 372,135 $37,213,544 $738.36
05-Jan-15 225,678,056,071 1,615,491 1,615 450,722 $45,072,202 $894.29
17-Jan-15 273,336,153,086 1,956,646 1,957 545,904 $54,590,430 $1,083.14
29-Jan-15 331,058,561,407 2,369,846 2,370 661,187 $66,118,694 $1,311.88
09-Feb-15 400,970,635,767 2,870,303 2,870 800,815 $80,081,465 $1,588.92
21-Feb-15 485,646,557,708 3,476,447 3,476 969,929 $96,992,858 $1,924.46
05-Mar-15 588,204,117,648 4,210,593 4,211 1,174,756 $117,475,554 $2,330.86
16-Mar-15 712,419,512,763 5,099,775 5,100 1,422,837 $142,283,732 $2,823.09
28-Mar-15 862,866,387,600 6,176,732 6,177 1,723,308 $172,330,835 $3,419.26
08-Apr-15 1,045,084,236,901 7,481,119 7,481 2,087,232 $208,723,207 $4,141.33
20-Apr-15 1,265,782,371,309 9,060,961 9,061 2,528,008 $252,800,823 $5,015.89
02-May-15 1,533,086,956,002 10,974,431 10,974 3,061,866 $306,186,635 $6,075.13
13-May-15 1,856,840,218,301 13,291,983 13,292 3,708,463 $370,846,321 $7,358.06
25-May-15 2,248,962,841,151 16,098,949 16,099 4,491,607 $449,160,670 $8,911.92
06-Jun-15 2,723,892,885,897 19,498,682 19,499 5,440,132 $544,013,236 $10,793.91
17-Jun-15 3,299,117,405,623 23,616,363 23,616 6,588,965 $658,896,517 $13,073.34
29-Jun-15 3,995,816,323,188 28,603,604 28,604 7,980,405 $798,040,547 $15,834.14
10-Jul-15 4,839,642,281,734 34,644,038 34,644 9,665,686 $966,568,646 $19,177.95
22-Jul-15 5,861,665,181,962 41,960,074 41,960 11,706,861 $1,170,686,065 $23,227.90
03-Aug-15 7,099,516,184,307 50,821,092 50,821 14,179,085 $1,417,908,463 $28,133.10
14-Aug-15 8,598,773,298,472 61,553,356 61,553 17,173,386 $1,717,338,634 $34,074.18
26-Aug-15 10,414,639,578,109 74,552,032 74,552 20,800,017 $2,080,001,680 $41,269.87
07-Sep-15 12,613,975,712,232 90,295,733 90,296 25,192,510 $2,519,250,952 $49,985.14
In other words something has got to give by the end of the year, or actually before December 1
500.
Post 8694948 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.10h):
[img width = 100]http://s27.postimg.org/8wpv2f0hf/Untitled.png[/img]
in all seriousness, shorts were in real danger last night, we all felt it, it was about to pop, magic fairy bear mother may not come to your rescue next time, cover your shorts, cover your shorts now!
or not
wtv
your choice.
Hope so....The "big buy" (4k btc) was squashed. Sellers abound. I could see us go sideways or creep low into the new year.
501.
Post 8723811 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.11h):
1) Place asks and bids at btce +/- $500.
2) Wait
3) Profit
502.
Post 8798492 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.12h):
Such a bizarre market for the last few months.
503.
Post 8933409 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.15h):
they just want to move their product, and bitcoin is helping him do that.
good for him! sorta bad for us
Speaking of buying Gold with BTC. Do you know if taxes will be owed to the government if this type of barter transaction is done in Canada?
Well you dont pay tax on bullion bought in Canada.
504.
Post 8945982 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.15h):
If that $465 wall gets taken then,
505.
Post 9031047 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.17h):
LTC chikun arising
LTC continues to evade my understanding.
506.
Post 9031399 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.17h):
Can you imagine how dire it is if the previous years' bubbles were mostly just caused & accentuated by Willy & Markus bots.
It would mean the 2012 price of $13, the early 2013 price of ~$58 - That's what the real, uninflated, current fair market price of BTC would be at today.
With the way PayPal news' rise was crushed like an insect, because of zero demand, it's hard to not give some weight to that theory^ - Prices have behaved as if drawn down to a plausibly true fair market value in the $70-130 range, just like most of last year.
Bubble patterns happen.
Then they break. A different pattern emerges.
Your dreams, your hopes, your delusions, have killed your profitability, for 9 months now.
Just like they crippled me, until I woke up, in May.
Are you serious?
The argument that bitcoin is grossly overvalued is not outrageous.
507.
Post 9031786 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.17h):
WHat's the price point where buying coins is better than mining? We must be into that area for most miners now, the industrial sized crews still running a profit? The hashrate is in a BUBBLE, and so much of the mining environment reeks of endless scams.
508.
Post 9034806 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.17h):
Could it be LTC is an indicator?
509.
Post 9035155 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.17h):
Is it time for another bulltrap?
510.
Post 9074728 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.18h):
511.
Post 9084772 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.19h):
What's interesting is days destroyed is basically at zero. All the coins being moved to exchanges to be sold are probably very new. The theory Chinese miners are selling to get their money offshore denominated in USD is pretty interesting.
I will keep coming back to BurtW's post on mining breakeven costs based around energy, which projects a mid October price of $233. If miner's are selling there comes a price point where buying is more cost effective than mining. I could see a bottom around $250.
When calculated in the OP over the time period from March 14, 2013 to March 13, 2014 the average increase in the difficulty and hash rate was
23.92% per adjustment period and the average length of each adjustment period was
11.38 days.
Recalculated over the period June 29, 2013 to June 29, 2014 it was
23.45% and
11.41 days.
Now, recalculating over the period August 24, 2013 to August 31, 2014 it is
21.12% and
11.63 days.
Assuming the network growth rate over the next year is the same as it was this last year we get:
Hash Rate Power Energy Cost Cost
Date Difficulty TH/s MW MWh $/Period $/BTC
--------- ------------------ ---------- ------ ---------- -------------- ----------
11-Sep-14 33,220,936,877 237,808 238 66,349 $6,634,853 $131.64
23-Sep-14 40,236,446,759 288,028 288 80,360 $8,035,984 $159.44
04-Oct-14 48,733,473,526 348,853 349 97,330 $9,733,002 $193.12
16-Oct-14 59,024,880,009 422,523 423 117,884 $11,788,392 $233.90
28-Oct-14 71,489,598,585 511,750 512 142,778 $14,277,833 $283.29
08-Nov-14 86,586,583,575 619,820 620 172,930 $17,292,988 $343.11
20-Nov-14 104,871,710,060 750,712 751 209,449 $20,944,876 $415.57
02-Dec-14 127,018,241,359 909,246 909 253,680 $25,367,960 $503.33
13-Dec-14 153,841,618,762 1,101,258 1,101 307,251 $30,725,098 $609.62
25-Dec-14 186,329,486,300 1,333,819 1,334 372,135 $37,213,544 $738.36
05-Jan-15 225,678,056,071 1,615,491 1,615 450,722 $45,072,202 $894.29
17-Jan-15 273,336,153,086 1,956,646 1,957 545,904 $54,590,430 $1,083.14
29-Jan-15 331,058,561,407 2,369,846 2,370 661,187 $66,118,694 $1,311.88
09-Feb-15 400,970,635,767 2,870,303 2,870 800,815 $80,081,465 $1,588.92
21-Feb-15 485,646,557,708 3,476,447 3,476 969,929 $96,992,858 $1,924.46
05-Mar-15 588,204,117,648 4,210,593 4,211 1,174,756 $117,475,554 $2,330.86
16-Mar-15 712,419,512,763 5,099,775 5,100 1,422,837 $142,283,732 $2,823.09
28-Mar-15 862,866,387,600 6,176,732 6,177 1,723,308 $172,330,835 $3,419.26
08-Apr-15 1,045,084,236,901 7,481,119 7,481 2,087,232 $208,723,207 $4,141.33
20-Apr-15 1,265,782,371,309 9,060,961 9,061 2,528,008 $252,800,823 $5,015.89
02-May-15 1,533,086,956,002 10,974,431 10,974 3,061,866 $306,186,635 $6,075.13
13-May-15 1,856,840,218,301 13,291,983 13,292 3,708,463 $370,846,321 $7,358.06
25-May-15 2,248,962,841,151 16,098,949 16,099 4,491,607 $449,160,670 $8,911.92
06-Jun-15 2,723,892,885,897 19,498,682 19,499 5,440,132 $544,013,236 $10,793.91
17-Jun-15 3,299,117,405,623 23,616,363 23,616 6,588,965 $658,896,517 $13,073.34
29-Jun-15 3,995,816,323,188 28,603,604 28,604 7,980,405 $798,040,547 $15,834.14
10-Jul-15 4,839,642,281,734 34,644,038 34,644 9,665,686 $966,568,646 $19,177.95
22-Jul-15 5,861,665,181,962 41,960,074 41,960 11,706,861 $1,170,686,065 $23,227.90
03-Aug-15 7,099,516,184,307 50,821,092 50,821 14,179,085 $1,417,908,463 $28,133.10
14-Aug-15 8,598,773,298,472 61,553,356 61,553 17,173,386 $1,717,338,634 $34,074.18
26-Aug-15 10,414,639,578,109 74,552,032 74,552 20,800,017 $2,080,001,680 $41,269.87
07-Sep-15 12,613,975,712,232 90,295,733 90,296 25,192,510 $2,519,250,952 $49,985.14
In other words something has got to give by the end of the year, or actually before December 1
512.
Post 9108398 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.21h):
This "The Bear WHale is dead" meme is unsettling. This could easily be an epic bull-trap.
513.
Post 9109641 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.21h):
http://techcrunch.com/2014/10/06/what-is-happening-to-bitcoin-right-now/Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason.
"Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. They’re not experienced with handling this amount of money because they’ve never been rich before; they just got lucky. They don’t have the connections to sell off-market so they decided to sell the way they know and the way that’s guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? They’ll take their $9m and retire on a beach somewhere for the rest of their lives.
That’s what I’d do if I had 30,000 BTC right now and I bet you would too."
The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day.
He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300.
Perfectly reasonable explanation.
He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens.
I agree this is true, it turned out that this was no manipulator but a mere fool who wasn't patient or experienced enough to split his selling upon multiple markets and over time, in addition to selling into a short-term highly depressed price. Yet you have to ask yourself where all this buying pressure came from that devoured 30k BTC @300.
Hint: It involves cheap coins.Wait, you are bullish, wat? The buying pressure is what made me suspicious. Usually a wall like that spooks the whole market and the price runs lower but this was different. I had a hard time believing that kind of money was sitting on the sidelines, but I hope you are right because yes, then those
were cheap coins.
514.
Post 9124262 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.21h):
Looks like we are gonna roll over again.
515.
Post 9148882 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.22h):
could btc/usd prices be impacted by cryptsys huge volume of XRP markets ? and would altcoins help or make it worse for the growth of BTC/USD?
The altcoins that come to mind that seek larger speculation of growth like Coin Magi (XMG), Primecoin (XPM), Peercoin (PPC) ..?
DOGE is a pretty big one
its hard to say exactly how it these alts effect he BTC market
but the idea that BTC is needed to bid in these markets is rather bullish for BTC.
Alts have diluted capital flow into BTC. Perhaps just fool's money, but imagine if all the cash that went into DOGE et al. went into BTC.
516.
Post 9148970 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.22h):
could btc/usd prices be impacted by cryptsys huge volume of XRP markets ? and would altcoins help or make it worse for the growth of BTC/USD?
The altcoins that come to mind that seek larger speculation of growth like Coin Magi (XMG), Primecoin (XPM), Peercoin (PPC) ..?
DOGE is a pretty big one
its hard to say exactly how it these alts effect he BTC market
but the idea that BTC is needed to bid in these markets is rather bullish for BTC.
Alts have diluted capital flow into BTC. Perhaps just fool's money, but imagine if all the cash that went into DOGE et al. went into BTC.
Once they see BTC rallying they will trade DOGE for BTC
As most alts can only be traded back to crypto they are sort of a collective pool of BTC.
517.
Post 9249905 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.25h):
Number of transaction excluding popular address continues its relentless march higher, another month and it will hit all time high
Simply put, bitcoin works. I've been looking at VPN, seedbox and usenet providers lately and many of them take bitcoin like it isn't some esoteric oddity.
518.
Post 9249941 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.25h):
Decent green candle for Oct. 18, albeit on the lowest volume in 3 weeks.
Still, it's nice to see the 2-week-old uptrend continue after a little corrective dip.
The TA seems to be back on track after our prolonged slide. I feel pretty bullish. If I traded I might go speculatively long here. We broke through the top of the trend channel on OCT 12 and after the pop and re-trace failed to touch the channel bottom. Now we sit in the same spot as OCT 11 and we have some spikes though the resistance level on low volume.
519.
Post 9296695 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.25h):
Winklevosses, Draper, Horrowitz, Wilson, the list goes on and on and only serves to show: The establishment in Silicon Valley is already on board of Bitcoin, and they will never allow the price to get too low (long-term) as long as they haven't cashed out yet. If they wanted, they already have not only the financial but the legal means to prevent new lows. It's completely legal to manipulate Bitcoin prices.
nah, these guys loses millions in order to make millions, they don't profit in every single investment they make, they allow a really good amount of failure chance before investing, even Marc Andreessen admitted it last time when he was asked " do you allow for the fact that you could be wrong about Bitcoin?"
you can watch his answer here You don't understand the premise here. They can literally control this market at their whim.
It is not a coincidence that most major VCs are betting on Bitcoin. Of course the politically correct thing to say is they could be wrong but in the back of their head they have a pretty good sense that they're right.
Marc Andreesen also said they would be developing a 100 million dollar fund around Bitcoin/blockchain in the coming years. That doesn't appear to me like someone who truly thinks he could be wrong.
Everything is based on risk/reward. If someone gave you 3-1 on a coinflip you would accept it instantly, but you could easily lose. Moreover, if they demanded you wager your entire net worth, the math would direct you to decline the offer.
520.
Post 9428235 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.29h):
The next few days will be critical for bitcoin.
521.
Post 9428977 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.29h):
Ask depth is abysmal.
522.
Post 9453240 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.29h):
(By the way, some bitcoiners seem to be trying to convince people to adopt bitcoin by telling them that money sucks. I sense a problem with that marketing strategy: it seems that many people have used money sometime in their lives, and may even have enjoyed the experience -- unlikely as that may sound.
)
I hear in Argentina, Argentines think the peso SUCKS.
523.
Post 9474582 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.30h):
besides lampchop, if you really think that they beat anyone, that they really damaged the darknet movement at all by taking out some ass hat who no one took seriously for the past year.
A guy who loudly beat his chest about "having the best OPSEC in history" whilst posting pics of pigs in San Francisco on his instagram and tweeting about silkroad, who handed the KEYS to his admin panel to an FBI agent, who posted screenshots of his bitcoin balance and cashed out his bitcoins via coinbase in his real name whilst renting the server with his
blake@benthall.net email address, then you are retarded.
If you really think the fact they managed to catch him means *anything* at all to the movement as a whole, then you are clueless.
I'm just amazed it took them a whole 12 months.
It's a good thing, at least they're weeding out the amateurs.
Wow incredible to think you would run such a site and be so careless. And to run it from the US too is just comical. Eventually the drug-cartel/gangs will set-up shop and amateur hour will be over. Selling wholesale product at street level prices with limited risk = no brainer.
524.
Post 9493695 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.30h):
This rally up from $320 was not on a single one technical indicator. So much for the TA and smart trading on the bitcoion markets.
$320 was the bottom of the candle body on the 3 day charts with 160k volume. It was basically a Maginot line. If it had broken below we were doomed. My TA based on this and other lines, tea-leafs, moon-cycles, chants etc proved pretty instructive.
525.
Post 9502600 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.30h):
Relax, we'll need to break $355 before we can confirm that the sky is falling.
526.
Post 9503106 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.30h):
Where the hell did adam go??
527.
Post 9503205 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.30h):
do you guys still believe we will go sub 300?
No. That's too low. I think the tide is turning the other way... if not right now then pretty soon (before $400)... but below $300 would be a cataclysm.
Agree. $340 is now bedrock. If we go lower, the machines will be upon Zion and all will be lost.
528.
Post 9503217 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.30h):
Where the hell did adam go??
he got arrested in the SR2 bust
529.
Post 9526364 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.31h):
wow this is getting pretty interesting
Much wow. Banging into uptrend off the bottom from start of OCT.
530.
Post 9527692 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.31h):
531.
Post 9567061 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.32h):
So you hope he lapses into a coma? Not very nice
532.
Post 9997712 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.42h):
533.
Post 10061765 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.44h):
Bitstamp re-acquiring their stolen coins from bitfinex?
534.
Post 10065572 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.44h):
Am I seeing a huge influx of new accounts dedicated to trolling fud or is this just more of the same from this site?
535.
Post 10074965 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.45h):
Love the technical look of things. Someone buying along the exponential moving average like clockwork. During the downslide it was the opposite.
edit of course it breaks as soon as I post.
536.
Post 10075102 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.45h):
Love the technical look of things. Someone buying along the exponential moving average like clockwork. During the downslide it was the opposite.
15 min chart?
Ya I know lets see if the 1 hour bounces.
537.
Post 10086430 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.45h):
Welp time to put on some music.
538.
Post 10131895 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.46h):
539.
Post 10191425 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.50h):
540.
Post 10249651 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.52h):
Lots of bitcoin channels on freenode.
541.
Post 10249755 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.52h):
we are going nowhere but to the moon
542.
Post 10249789 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.52h):
You guys let me down ... where the heck is all the CCMF pics?!!!
Too early. We haven't even clawed our way back to where we started the year.
Give it some time. $500 I'll start taking this rise seriously. $800 I'll consider it a rally.
When it hits 4 digits again, CCMF.
I disagree. 1k was a false bubble courtesy of that clown Mark Karpeles and the WIllybot. The actual true ATH is probably $250......
543.
Post 10249942 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.52h):
1k was a false bubble courtesy of that clown Mark Karpeles and the WIllybot.
Keep telling yourself that.
I suppose you'll blame Willybot for the June 2011 and April 2013 bubbles too.
If I thought that then I would have said that. But I didn't.
544.
Post 10250408 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.52h):
Is it safe to buy? Is it going up forever now? Please confirm that its not a scam to lure me in.
I know seems too good to be true.
545.
Post 10250825 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.52h):
Long time reader, first time poster.
Just bought 10 bitcoins yesterday, good to see it paying off already
/ \ \ / \
| | \ | |
| `. | | :
` | | \| |
\ | / / \\\ --__ \\ :
\ \/ _--~~ ~--__| \ |
\ \_-~ ~-_\ |
\_ \ _.--------.______\| |
\ \______// _ ___ _ (_(__> \ |
\ . C ___) ______ (_(____> | /
/\ | C ____)/ \ (_____> |_/
/ /\| C_____) BTC | (___> / \
| ( _C_____)\______/ // _/ / \
| \ |__ \\_________// (__/ |
| \ \____) `---- --' |
| \_ ___\ /_ _/ |
| / | | \ |
| | / \ \ |
| / / | | \ |
| / / \__/\___/ | |
| / | | | |
| | | | | |
Sorry, I couldn't resist!The less popular anus-wallet.
546.
Post 10250933 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.52h):
LTC TO THE MOON.
547.
Post 10250962 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.52h):
Trollboxes everywhere on fire.
548.
Post 10283513 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.54h):
A somewhat concerning pattern imo. Large volume hammer candles start an uptrend capped by a inverted hammer to signal downside.
549.
Post 10315338 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.55h):
I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks
Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.
Dunno, the arb between Stamp and Bitfinex would have me concerned with the former.
550.
Post 10316189 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.55h):
Sudden rise in volume on okcoin futures.
551.
Post 10383656 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.57h):
Bitcoin wisdom still not working for me. Anyone found a fix? Or is wisdom dead for now?
Try
www.vpngate.net and connect to a server from Japan. Worked for me on my desktop.
552.
Post 10421896 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.57h):
PUSH
553.
Post 10422063 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.57h):
BTW anyone with bitcoin addresses before last May (I believe) have access to a number of Altcoin called CLAMS. Basically the devs "sent" 4.5 clams to every btc address (ltc too?) with a balance before May 2014. They are trading @ like 1Euro so you might as well go get your free money even if you scoff at altcoins.
554.
Post 10422380 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.57h):
BTW anyone with bitcoin addresses before last May (I believe) have access to a number of Altcoin called CLAMS. Basically the devs "sent" 4.5 clams to every btc address (ltc too?) with a balance before May 2014. They are trading @ like 1Euro so you might as well go get your free money even if you scoff at altcoins.
yes but you have to give away the private key from your address.
And works with LTC and doge too.
You just empty the accounts first.
555.
Post 10444033 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.58h):
APPL is the shorting opportunity of a lifetime.
Why you say that?
556.
Post 10455655 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.58h):
$300!!! Canadian.
557.
Post 10455725 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.58h):
The USD futures markets in China are steaming.
558.
Post 10463552 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.58h):
This seems like a classic front run of Monday morning "good news". Even btce @ parity with Stamp, panic buy mode activated.
559.
Post 10529772 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.59h):
CHinese futures markets getting frothy.
560.
Post 10530146 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_13.59h):
CHinese futures markets getting frothy.
It's more like a gambling market. But we can't say futures is bad.
Same pattern as last weekend. SOmeone dropped a few megas on 796 out of the blue and we steamed from $220 -> $260.
561.
Post 10595968 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.00h):
lol @ trading bitcoin. OUt of the total blue...........
562.
Post 10596184 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.00h):
Breakout??? ;P
563.
Post 10596255 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.00h):
Nice move up, but the volume is slightly suspect
Yeah the move is huge relative to the volume.
564.
Post 10720070 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.03h):
bitfinex
only 2600 BTC to go.. it was 5000 one hour ago
Stamp with a 7k wall at 300.......
565.
Post 10720096 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.03h):
Futures at 796 @ $300.
566.
Post 10720126 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.03h):
Futures at 796 @ $300.
Hi, where do you look up futures?
567.
Post 10720534 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.03h):
Wow, how is the finex price 7 dollar higher than stamp. Never seen it being higher than 2$ before . 7$ is a big opportunity for arbitraging
Because someone has plunked a 7k wall up to $300 on stamp.
568.
Post 10720697 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.03h):
Wow, how is the finex price 7 dollar higher than stamp. Never seen it being higher than 2$ before . 7$ is a big opportunity for arbitraging
Because someone has plunked a 7k wall up to $300 on stamp.
Whoever it is is not a sophisticated trader or he would have walls on multiple exchanges. losing $5/coin selling on Stamp is costing him at least $35,000 for that wall.
Who knows. Maybe a whale trader knows no one on Stamp has that kind of one-off buying power and wanted to slow the choo choo train?
569.
Post 10720840 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.03h):
Wow, how is the finex price 7 dollar higher than stamp. Never seen it being higher than 2$ before . 7$ is a big opportunity for arbitraging
Because someone has plunked a 7k wall up to $300 on stamp.
Whoever it is is not a sophisticated trader or he would have walls on multiple exchanges. losing $5/coin selling on Stamp is costing him at least $35,000 for that wall.
only makes sense if that 1 person(s) are trying to buy all the coins on finex/china and just using stamp to keep the price under 300$ knowing that they have the lowest volume and it takes 24hr to wire money onto the site.
I think it's within the realm of possibility just examining the orderbook and how staggered the walls are at 296$+ on stamp.
But thats easily a many many million dollar operation. If someone wanted to buy millions of coins cheaply, they couldve just entered the auction themselves/
also stamp hasnt broken $294 so none of those walls have been touched.
Ya or its a way to spring the market. If he suddenly pulled the wall we'd go over 300 easily.
570.
Post 10739338 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.04h):
Tastes like a breakout is coming.
We'll who is buying the 7k wall @300 on bitstamp? I left my last 2 million in my other pants.
571.
Post 10739633 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.04h):
Maybe it's in reference to the "Banks are Pigs" title in the economic section. Haha
No there is a saying "Bull and Bears make money, pigs get slaughtered". Ie the foolish masses. Of course OP is basically a bear.
572.
Post 10744586 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.04h):
Well, someone wants to hold under 300.. What's with all the walls everywhere?
Or they know a breakout results in their asks being eaten in full, so walls at critical values are logical..
Not everything is a conspiracy
573.
Post 10745326 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_14.04h):
So much shenanigans.
574.
Post 17272121 (copy this link) (by byronbb) (scraped on 2020-04-04_Sat_15.00h):
Wow this thread still exists? I was here in the good old days of $5 and $10.
