All posts made by cbeast in Bitcointalk.org's Wall Observer thread
1.
Post 3545083 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_11.22h):
It's Obama's fault.
2.
Post 4065403 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_11.44h):
Mr 550 Buy Wall, meet Mr 570 Sell Wall.
3.
Post 4065718 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_11.44h):
Just watched a Wall of Intimidation Tsunami.
4.
Post 4863553 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.01h):
I really dont like these Winklevossies. It seems they only try to make more money outta other people hard work and with daddy's money. They dont see the interest in bitcoin but only that grabbing 1% of it all would make them richer. They just pretend to be so smart but they just seems to get f**cking second if not last all the time.
ergo Zuckerberg ditched them
ergo Satoshi (and even FBI) got way more BTCs than they can ever dream of
ergo them ETF is far from opening.
ergo i wont consider a single news related to them as they mean nothing.
Your comment was very helpful to me. I've been constipated for days but was able to use your comment to dislodge the obstruction. Here, I washed off your comment so you can have it back. Thank you.
5.
Post 5132216 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.08h):
We need a sportscaster to call out the play-by-play live action during these events.
6.
Post 5192736 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.11h):
single black swan event could wipe BTC out
Tell that to all gov, hacker, bank trying to
wipe btc out since 2 years
Interesting then that the most damage has been done by an insider, isn't it?
Look, I'm not making predictions, just saying making predictions is in itself unwise.
My old science teacher told me the only certainty he could tell us was the sun rose in the East, travelled across the South sky and set in the West. I moved to Australia and discovered even that was partly untrue.
Don't close your mind to possibilities.
It's actually 5 years. The Black Swan would need to solve a problem that Bitcoin doesn't. First you need to find that problem, then the Open Source community will work on it. So far all the best solutions include Bitcoin.
7.
Post 5328417 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.17h):
So what is this persons strategy?
I call it Wall of Intimidation. It will evaporate. Then the Tsunami: A big pump.
8.
Post 5328449 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.17h):
Surf's up, Dudes!
9.
Post 5329532 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.17h):
Where did all the volume on Mt Gox go?
10.
Post 5820443 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.28h):
What a coincidence after a pump.
11.
Post 5928425 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.29h):
Why are people dumping again? Really, why?
There is no volume. People are hodling. Only bears are selling.
12.
Post 5987072 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.30h):
I wonder why there was no volume and no price chang on Saturday, and so much of it today. Perhaps:
Over the years here is the general trend, if it matters:
1) price generally rose, with early-week being strong buy days. This was apparently because cash sent to Gox anytime during the week often became available in one's account Monday-Wednesday, and people bought as soon as their cash hit their account.
2) this got slowly pushed back until Monday became (and I believe statistically may still be) the strongest buy day. I have seen statistics posted here several times with either Sunday or Monday as highest buy days, Thursday biggest sell days.
3) so gradually people started buying late Sunday night in anticipation of Monday morning. They had been storing cash to front-run the coming buys.
4) this was fairly quickly pushed back further until many buys started happening @ noon (EST) Sunday
5) around the time between #3-4 the Chinese entered the market in larger numbers. Whether it is the cause or not is unknown but larger buys/sells began happening between 2-7AM EST (when the West was apparently sleeping).
6) With the rise in popularity of Bitcoin, skyrocketing price and amount/impact of news it seems harder to find a general pattern in the buys/sells but perhaps Sunday remains a sentimental day for action.
nailed it
13.
Post 5991535 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.31h):
Rule of thirds may put us back to 384, but expanded volume will probably put us back at 510 until the next event. But really, how bad can any news get anymore? May China will get a second wind, or maybe Japan will get a divine wind.
14.
Post 5991709 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.31h):
I would like to know: When are we gonna see $10K? Are we gonna get there in a few flash crashes (upward) in 2015 and then maybe in 2016 or so, $10k will be the new bottom, and in $2017 $10k will be a distant memory of earlier years? Or would you envision some other kind of scenario involving the $10K? like further down the road? or earlier?
Clients have to become extremely secure, easy, portable, and fool proof to use before their will be much adoption beyond enthusiasts and speculators. Bitcoin ATMs are a good step, but we also need better wallets.
DuoBTCle-BTCottom confirmed!Haven't you heard? Double bottoms are out and triple bottoms are in.
15.
Post 6011918 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.31h):
Bitcoinity has Gonzo as the background.
IIRC it's Beaker.
Must be an April Fools theme.
For you lot living in the past, give it a few more hours...
16.
Post 6038288 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.32h):
The only consistent and accurate prediction over it's five year history is that Bitcoin eventually goes up over time.
17.
Post 6139999 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.34h):
this is the weakest attempt at getting pigs to panic lol.
Someone was bored.
18.
Post 6157913 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.35h):
Someone is selling thousands at a time. This isn't individuals panicking. This is a planned dump from someone that doesn't care about maximizing their gains. It's probably from gox, mybitcoins, hackers, or early adopters panicking.
19.
Post 6158269 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.35h):
I can ignore the loudmouth newbies, but where are the technical analysts?
20.
Post 6162635 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.35h):
389 is exactly 1/3 of the ath.
21.
Post 6164681 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.35h):
The bubble is officially popped. this is capitulation.
22.
Post 6179223 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.36h):
This feels like a Mexican standoff and everyone has itchy trigger fingers.
23.
Post 6204413 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.37h):
There is only one flow it can take in the Bitcoin economy and that is from the sucker to the scammer.
The best definition of free market capitalism, ever.
24.
Post 6216754 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.37h):
It looks like April 15th is the start of a new China rally. Volume is up.
25.
Post 6217485 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.37h):
Poking @dat double top
It's a Bitcoin ritual.
26.
Post 6237766 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.38h):
Ok, now I have to be that guy.
Actually bitcoin does have at least two qualities of a ponzi scheme:
1. Early investors who gradually change back to fiat are basically earning money off the last round of investors.
2. Investors heavily advertise it because they know that the more new investors join, the more they gain.
That describes stocks, classic cars, art, baseball cards, or anything collectible.
27.
Post 6431993 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.41h):
It this the Final China Going Out Of Bitcoin Business Sale!
28.
Post 6432825 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.41h):
"This means using anything other than US currency to buy alcohol in Ohio is prohibited."
Priceless
29.
Post 6433016 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.41h):
"BTC China @btcchina 4m
@Quiontron Hi, we are still accepting deposits from Bank of China. All withdrawals are not affected. Thanks."
30.
Post 6433462 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.41h):
The lack of volume and the lessening volatility makes this look like a slow recovery. I don't blame people for being sheepish since Gox and the China fiasco, but these things are forgotten over time. Greed always wins.
31.
Post 6439694 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.41h):
I have an idea in my mind but am not sure yet. Thinking about sending my last bit of cash to stamp because I have a feeling we will see that 340 again soon and then it will shoot up to 500 again
Shorting Bitcoin, risky business.
He's temporarily going long USD, he isn't shorting.
I bought coins @780 and 680 so I cant short them. But I can buy some @300-400 and short them @500 to reduce my loss. Thats the plan
Good plan if you have the patience.
32.
Post 6440234 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.41h):
33.
Post 6445203 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.41h):
In other words:
CCMF!!!!!1
Indeed. Keep pounding those bottoms (with buy orders).
34.
Post 6448681 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.41h):
if they sold 380,000 btc for 3m, that would be $12 each. - must be a portion, or Im missing out on some seriously 'cheap coins'
The congressmen probably used 5 year weighted price averaging to give themselves a sweetheart deal.
35.
Post 6458252 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.41h):
Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?
That's not my motivation at all. I want fair money. Bitcoin is the only fair money since gold. The problem with gold is that you can't use it on the internet. One day, I hope Bitcoin and gold will be the last form of money needed to advance our civilization to the next level of development.
36.
Post 6460842 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.41h):
They will all hodl. They need a smarter distribution system such as discounting books bought with Bitcoin or even tuition. There would still need to be a cap per student.
37.
Post 6497117 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.42h):
Looks like some serious shorting going on - the sum of swaps on finex is 9.5K (if I remember well yesterday it was 8.5 then 9 then again 8.5).
Exactly, I just commented about it. Seem surprising to me - why shorting now, not a couple days before?
Doesnt seem surprising to me. The price is up a bit, and not with that much volume, so its a "safe" time to short.
That's just what "they" want you to think.
38.
Post 6499125 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.42h):
I hope Igorr got out alright.
39.
Post 6559663 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.42h):
my wife is constantly harassing me about eating healthy
almost as annoying as mah87's ripple spam.
ok i that it back
the health eating BS is way more annoying
Ripple is the obvious choice to go with spam. Healthy eating indeed.
40.
Post 6560092 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.42h):
They go great together on bitcointalk.
41.
Post 6562985 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.42h):
Someone do something
fap fap fap
42.
Post 6565809 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.42h):
56 Days Left
get your bitcoins today
That's
two weeks time 4. Since two weeks really means 4 months, that means 16 months in announcement days.
43.
Post 6583160 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.43h):
Do not fear going forward slowly; fear only to stand still.
there is nothing to fear but fear itself.
Fear is the mind-killer. Fear is the little-death that brings total obliteration.
Fear is the seasoning that makes life taste interesting.
44.
Post 6584724 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.43h):
I'm wondering - the Chinese are now up already for ~3hours and we ain't crashing yet... What's different today?
http://finance.caixin.com/2014-05-07/100674119.htmlI don't know what's going on exactly. Did all exchanges stop fiat deposits? I don't think s..
Lack of new information, maybe PBOC is debating on the issue? Everything is disynchronized
Probably unrelated, but Alibaba announced an American IPO. It's expected to be the biggest in history.
45.
Post 6597236 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.43h):
Last chance to buy EVER.
Why?
China is buying all the coins and never selling any of them. Bitcoin will go to the moon but no one will be able to buy them again.
Maybe that's why China has created a moon landing program and are starting the world's largest IPO.. They will open Alibababitcoin stores on the moon.
46.
Post 6642133 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.43h):
Okay. This is a first for me in a long while.
TO DA MOON!
47.
Post 6647420 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.44h):
CCMF! lol. prolly gonna break the exp trend soon but fun to watch.
48.
Post 6658972 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.44h):
49.
Post 6697021 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.44h):
Here is the hawala system in a nutshell:
A -> B -> C -> D
A is the person sending money, D is the person receiving money.
B and C are the hawalists, residing in different countries.
Trust relationships: A must trust that his hawalist does what he expects, make sure that D receives money. B must trust that C releases money to the customer in the other end. C must trust that B later physically sends the money with the help of a friend that travels, or that the transaction can be cleared by another transaction in the opposite direction.
What can bitcoin do? For the hawalists, they can use bitcoin, thus the transaction can be cleared immediately, and physical transport of money is not necessary.
What can ripple do?
Ripple can do much the same thing if you are willing to risk your gateway to support hawalists. Watch for low flyin***BOOOM***
50.
Post 6698858 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.44h):
The one advantage Ripple does have is billions of XRP reserve. They can afford to launder a lot of money and bribe a lot of public officials. I keep hearing that Ripple isn't XRP, yet every news story is about XRP.
51.
Post 6699014 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.44h):
I am sorry. I apologize. I was responding to the article about the Bitcoin ATM. The Fidor bank is welcome to launder money in any way they wish in their intrabank system. We'll see if they offer anything to us peon customers.
52.
Post 6714535 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.44h):
53.
Post 6940421 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.47h):
Bloody Hell! We've breached the rule of thirds. The 600s should be nothing now. Let's see if China will bring us to 777.
54.
Post 6952145 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.47h):
Talking about Altcoins , what do you think about Blackcoin guys?
They won't work.
55.
Post 6961871 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.47h):
As stands, it seems like $585 is the mark that we need to break through before we can even start thinking about $600
Yep. Not enough volume to break the resistance level set in March.
56.
Post 6966466 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.47h):
whats goin on?
Chinese traders playing hardball now.
57.
Post 6974598 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.47h):
I'm glad I had a buy order at 555. I'm using my "rule of thirds" and "superstitious numbers" hypotheses for trading.
58.
Post 6974785 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.47h):
I remember people saying something similar when something called 'the Internet' started to gain momentary popularity in the late 90s.
Did they? Lots of stupid things were said about the internet back then, but scamming was not as big a problem for the internet as it is in the bitcoin world. Perhaps because it was mostly classical scams (such as chain letters and credit card theft) that the police already knew how to recognize and handle. One big "advantage" of bitcoin is that law and police often cannot even tell whether a crime was committed.
Online dating in the 1990s. How did anyone survive that?
59.
Post 6983453 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.47h):
http://www.techhive.com/article/2159380/quickcoin-app-lets-users-send-bitcoin-through-facebook.htmlsorry, I know I'm always dragging up old shit, but..
am I the only one that thinks it looks like quickcoin is trying to get bought by facebook?
it would be a nice payday for quickcoin, and it would offer facebook a nearly turn-key solution to offer facebux.
I'd recommend they design it as an off-chain wallet where your facebux are held and transferred from user to user.
with sidechains or treechains or whatever it should be possible to build it in an open, trustless manner. though I suspect facebook will build it as a black-box type of off-chain abomination a'la mtgox.
interesting times.
It is an off-chain wallet. You don't have the private keys. You can transfer to a Bitcoin address if you want to move to the blockchain.
60.
Post 6983673 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.47h):
61.
Post 6994992 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.48h):
price will never go below 570 again.
The logarithmic overlay verifies this.
62.
Post 6996984 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.48h):
Can you imagine what could be accomplished if we didn't have egos?
63.
Post 7006711 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.48h):
HAHAHAHA.
A MA GAWD. Watching Huobi makes me imagine how them chinese boys are sitting behind their PC's.
HO LEE FUK. WE TEECH EM WESTELN PEOPLE SOME POOPIE OF THEY OWN YES.
Racism aside, it's a fair assessment.
64.
Post 7019791 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.48h):
567.8 schlemiel schlimazel hasenpfeffer incorporated
65.
Post 7020022 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.48h):
Get ready for a shakeout to 555.
66.
Post 7025610 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.48h):
bag holders!
gather around fellow bag holders;
no selling no dropping the bag, no matter how low or how high, we hold every single bit inside those bags tightly and securely, that is bag holder law! and by bag holder law we will hold and grow our bags, and all will know that our bags are not for sale!
a new age has began
an age of virtual wallets filled with bits
but these wallets are not filled with our bits, oh no
we hold our bits... we hold our bits in a mother fucking BAG!
we hold our bits... we hold our bits in a
mother fucking BAG!
67.
Post 7025699 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.48h):
bag holders!
gather around fellow bag holders;
no selling no dropping the bag, no matter how low or how high, we hold every single bit inside those bags tightly and securely, that is bag holder law! and by bag holder law we will hold and grow our bags, and all will know that our bags are not for sale!
a new age has began
an age of virtual wallets filled with bits
but these wallets are not filled with our bits, oh no
we hold our bits... we hold our bits in a mother fucking BAG!
you make sure to hold to your bag forever, I am selling at some point (soon-ish)
No worries, someone will be smart enough to buy your bag from you.
68.
Post 7045620 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.48h):
We are at optimism
and then the business files for bankruptcy except that bitcoin users not affected.
69.
Post 7048250 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.48h):
70.
Post 7074467 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.49h):
71.
Post 7074572 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.49h):
Come on 666!
72.
Post 7074777 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.49h):
Christianity prevails on Stamp
You know you want 666 as much as the rest of us.
73.
Post 7075134 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.49h):
666666666666666
74.
Post 7075207 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.49h):
Bitcoin needs to do to Wall Street what Hollywood did to Thomas Edison.
75.
Post 7077677 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.49h):
Herd mentality: 675 was juicy moments ago, 644 is now mehhh!
Goes to say this rally is not sustainable once momentum fades away..total bid depth pretty much unchanged on stamp/btc-e/finex.
You should have warned us moments ago.
76.
Post 7077783 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.49h):
Man BTC is really going to the moon
Satoshi faked the moon landing too.
77.
Post 7078949 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.49h):
This talk about beer: does Guinness in a can count?
78.
Post 7080490 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.49h):
79.
Post 7081606 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.49h):
80.
Post 7094692 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.49h):
The poll seems awfully bearish.
81.
Post 7099057 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.50h):
Quick poll: Is there anyone here except MatTheCat, Jorge, Igorr who does not consider the log trendline to be indicative of future performance, and the current price action to be reversion to the trendline?
I've been using the logarithmic chart and it's just continuing the same path it always has for 5 years.
82.
Post 7102114 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.50h):
Isn't it beautiful?
It's like a fractal! I keep zooming in and out and I see the same dip over and over again with a smaller dip to the right! Bizarre!
The cup is the handle...
It's chemical fractals. It's a conspiracy!
83.
Post 7115389 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.50h):
The 30 log chart starts a straight line growth starting May 19. Extrapolating from 450 to 650 in two weeks, we should see over 1000 in another two weeks.
84.
Post 7119197 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.50h):
BIG ANNOUNCEMENT COMING RE:
BITCOINS!!!! *STAY TUNED!*
85.
Post 7120596 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.50h):
Edit: Cavirtex trading fee's dropped.
lol didnt even notice thanks
What does that mean?
You're a nut! You're crazy in the coconut!
That boy needs therapy!
86.
Post 7125933 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.50h):
We're just above the Rule of thirds and just below the Yuan magic number 4000 in a tight superstitious zone. China is slightly bearish and the West is slightly bullish. Summer is coming and usually that means good announcements.
87.
Post 7129320 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.50h):
I've been out of the loop for a little bit. What caused the sudden $200+ rise over the past couple of weeks?
Me.
I want so badly to put Jesus Christ on ignore, but I just can't bring myself to do it.
He's my gardener.
88.
Post 7138476 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.50h):
This rally is going nowhere.
89.
Post 7138792 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.50h):
Why is anyone still focusing on China? Do they contribute anything to Bitcoin development or adoption?
90.
Post 7147901 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.51h):
There are several banks around the world who are terminating accounts owned by American citizens due to attempted invasive requirements of the American government. It's getting to be quite a problem apparently and the amount of people renouncing American citizenship is spiking.
is it a bubble or a trend ?
This is out of 330 million, right? The numbers are insignificant compared to the population. Still, it may indicate that someone knows something others don't.
91.
Post 7176428 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.51h):
Rule of Thirds in play with price bouncing wildly between 633 and 666. It looks like a whale mating ritual, not normal price discovery. Greed will win and we'll hit the magic 777 before the next pnd or dnp gambit.
92.
Post 7205323 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.51h):
Choo mudafaka choo
93.
Post 7233608 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.51h):
It looks like 650 is the new 130.
Now. We. Wait.
94.
Post 7276598 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.52h):
Farewell bulls it was a nice ride (bull trap) in this continued bear market ...
26,000 coin dump is imminent
There are much bigger bulls out there setting their bear trap.
95.
Post 7276893 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.52h):
The OTC market must be dried up for now. They are driving the price down a bit to get more sales. The Rule of Thirds was broken so we go to 600 for awhile. When China wakes up, they will pull it back to 4000.
lets be Realistic bitcoin isnt going to 10K this year
better sell all your bitcoins
I can live with 5k. Lol
If it continues to make big percentage jumps the way it has, then 4-5k is no sweat.
96.
Post 7308965 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.53h):
Rule of thirds is being tested. The sharks smell blood. Bear blood.
97.
Post 7309377 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.53h):
Magic number 555. It's looking like a weekend dip now.
98.
Post 7309493 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.53h):
Bitcoin is such an awesome investment, it's now the same price it was around 8 months ago. Yay!
/s
Not if you bought with silver.
99.
Post 7309969 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.53h):
Coinbase going up when everyone else is going down.
100.
Post 7310015 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.53h):
Thar be whale. No news. No volume. Let's hope the sharks are hungry for whale meat.
101.
Post 7324286 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.53h):
It boggles my mind that the trend is like this with the sheer amount of new and large business that have adopted bitcoin lately.
Most of those businesses did not adopt bitcoin at all. They merely agreed to accept
dollars from the sale of bitcoins that people already had, including cheap coins that had been dormant since 2013 or earlier.
Bitpay expansion does little to increase adoption; it chiefly makes it easier and more tempting for long-time investors to sell some of their coins on the open market.
ouch!
Please ignore the trolls. Claiming that Bitpay customers do not keep any of their bitcoins is a lie.
102.
Post 7324566 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.53h):
The sun is out today therefore Bitcoin goes up.
103.
Post 7341888 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.53h):
I think it will be hard to pass the 680s.looks like that is a magical barrier because most people bought there and now try to get out without a loss because they lost trust in btc.
It makes sense.
The ones with no trust in btc are weak hands and will fail to hold.FTFY
104.
Post 7341903 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.53h):
What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play.
105.
Post 7341941 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.53h):
What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play.
So it's a profit making game and not the future of money?
Is money not about profit?
106.
Post 7342151 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.53h):
What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play.
So it's a profit making game and not the future of money?
Is money not about profit?
Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits.
You are lost. I think you want dogecoin in the other room.
107.
Post 7405949 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.54h):
monkey is telling me to buy now. he thinks the goat is cute.
108.
Post 7725934 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.58h):
http://nakamotoinstitute.org/b-money/ I am fascinated by Tim May's crypto-anarchy. Unlike the communities traditionally associated with the word "anarchy", in a crypto-anarchy the government is not temporarily destroyed but permanently forbidden and permanently unnecessary. It's a community where the threat of violence is impotent because violence is impossible, and violence is impossible because its participants cannot be linked to their true names or physical locations.
Until now it's not clear, even theoretically, how such a community could operate. A community is defined by the cooperation of its participants, and efficient cooperation requires a medium of exchange (money) and a way to enforce contracts. Traditionally these services have been provided by the government or government sponsored institutions and only to legal entities. In this article I describe a protocol by which these services can be provided to and by untraceable entities.
http://nakamotoinstitute.org/bitcoin/ (emphasis mine)
DNA, facial recognition, body mechanics, thermal patters, and any number of systems can identify people. We will never go back to the days where you could ride into town on a horse and leave that night without anyone knowing your identity. Information is a valuable commodity. If it could be coined, it would be more valuable than Bitcoin. As much as I empathize with the CA folks, it's too small a goal. We need to take away the incentive to monetize anything in order to be free.
109.
Post 7912374 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.59h):
If we kick off a rally today, I'm going to feel pretty smug with myself. I just opened one of my forecasting spreadsheets and noted that I'd arbitrarily picked today as the starting point for the next bull run. No I don't have any proof or logic, just me and my obsession with plotting things in spreadsheets.
I usually pick exactly the wrong direction. Too bad they don't make a GPS for financials. It's better for me to HODL.
110.
Post 7937007 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_12.59h):
Old man Lawski has the Scooby Gang scared at the moment. Soon they'll discover he's just a Superintendent of a run down old school of thought. His scary monster act only works on the kids playing in the Status Quo club. The new investors are free to move their money anywhere that makes them happy and offers more freedom.
111.
Post 8060400 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.01h):
I've been expecting this, but not so soon. I just hope the bounce can wait until the end of August.
112.
Post 8089271 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.01h):
If Irving Fisher was here, he'd say the number of pages in this thread has reached a permanently high plateau.
Ha! This page count growth is unsustainable.
113.
Post 8109436 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.02h):
My theory is Bitcoin bagholders are dumping to buy Argentine Pesos.
114.
Post 8112535 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.02h):
if only i could i would travel the world with a mage phone annoucing the good news to everyone i encourter
bitcoin must not fail. pretty sure everything hangs in the balance as this critical piece of technology evolves. just look around its so obvious!
opt the fuck out now!
BUY BUY BUY!
https://www.youtube.com/watch?v=u6KXgjLqSTgFear not. Greed is Bitcoin's megaphone.
115.
Post 8112947 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.02h):
Bitcoins! Get your Bitcoins! Hot and fresh! Get them while you can!
116.
Post 8113526 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.02h):
The training is loading up.
117.
Post 8129168 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.02h):
Preparing for liftoff.
118.
Post 8138354 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.02h):
Here we go!
119.
Post 8155553 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.02h):
Injectable AI "companion" anyone?
Is that too much to ask?
120.
Post 8155871 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.02h):
Mott street and 11th Ave and Mulberry street in early 1900's
The world is going to change more in the next 25-50 years... than it did in the past 100 years.....
are we ready?
Bitcoins.
Money of the future?
People will laugh at how quaint it was, and at how many trees had to die, to carry around bits of paper money in folded carry cases made from the hides of dead livestock.
Coming to a reality to you soon.
Unless you are old or unlucky - then you may miss out..... try not to...
Future looks bright.
BTC = Bitcoin = Because that's consensus
(If you want you could replace the word Bitcoin with "cryptocurrency") Point remains... bits of paper inside bits of folded over cow... are not too long for this world in the grand scheme of things)
Cool and inspiring post
I thought about enlarging the pics to be a
GINORMOUS POST!
121.
Post 8160030 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.02h):
little dumping going on
Small gradual sells lead to individual medium sells which leads to panic sells. This boat is going nowhere but down unfortunately.
We'll get there one way or another.
122.
Post 8201494 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
Trolling is about in your face fear and/or annoyance - which is your specialty, creating depression so that people just feel more miserable all over and are more likely to sell even if it hurts themselves.
Somebody is a Sun Tsu fan.
123.
Post 8212355 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
The price goes up magically when people buy and down magically when people sell.
124.
Post 8212643 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
The price goes up magically when people buy and down magically when people sell.
Small investor don't have any effect on market movement.
Whales and very big hedge funds who move market mostly times.
Yet lower volume tends to drop the price slowly over time. The volume these days is almost non-existent. Nobody is buying or selling much. This is like how the tide goes out right before a big tsunami.
125.
Post 8213266 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
On the log chart we are overdue for a breakout. The whales have their dark-pools lined up. The markets are on a hair-trigger of low volume.
126.
Post 8213522 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
I wonder whether that pic is making Satoshi froth in his/her/its/their bunker.
For reference: the Bitcoin Genesis Block contains "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".
127.
Post 8223434 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
Sideways rocket is fun too!
128.
Post 8233350 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
Just ate the regulator.
129.
Post 8237885 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
Dedicated to the folks in Crypto Valley.
130.
Post 8249163 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
Just get over it! Let the damn price do its thing and go up! It won't make you poorer or anything.
supposedly it is not doing its "thing" now.
131.
Post 8249477 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
Then by that
(your) definition, so is the stock market. And the PM market.
it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion.
Nope, no discussion of stock markets or PM markets (or bitcoin market) on this page. At all.
http://en.wikipedia.org/wiki/Pyramid_schemeand tell me how does this deny my statement ? you just posted a prove of the above
It's not the word "Pyramid" it's the word "Scheme" that gives me pause. Just who exactly is doing the scheming?
132.
Post 8249568 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.
Then by that
(your) definition, so is the stock market. And the PM market.
it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion.
Nope, no discussion of stock markets or PM markets (or bitcoin market) on this page. At all.
http://en.wikipedia.org/wiki/Pyramid_schemeand tell me how does this deny my statement ? you just posted a prove of the above
It's not the word "Pyramid" it's the word "Scheme" that gives me pause. Just who exactly is doing the scheming?
all of us, the Bitcoin community, you are higher in the scheme if you bought before me (or cheaper to be accurate).
Baseball cards, paintings, and antique cars fit that description.
133.
Post 8280550 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.03h):
The point is that with bitcoin (in the endgame, when it is more stable and super user-friendly) they won't have to buy stocks, bonds etc. to get the same benefits that fiat delivers today.
That is why a "business plan" is needed. Obviously, the purchase power of bitcoin cannot keep growing 1000% per year forever. When it stabilizes, will bitcoins appreciate more than stocks, or less than stocks? If more, no one will exchange their bitcoins for stock (so how would new companies start, and where will all the holders' revenue come from)? If it starts growing less than stocks, then people will want to exchange their bitcoin hoards for stocks, and price will drop, maybe 90% or more, untill all the 21 million coins are in circulation. Will this be the case, or will bitcoin appreciate just as much as bonds and stocks? The "business plan" would have to pick one aleternative and show that it is consistent with teh rest of the model.
However there are fees associated with moving in and out of bonds, stocks etc. . If you want to buy and sell bitcoin on an exchange now, there are also fees associated with it, but when more people use it for buying their pizza, paying out salaries etc., this won't be the case.
Depending on the date of the "endgame" and the guessed price of bitcoin then, mining may not be enough to sustain the network, so the transaction fees will be mandatory. The "business plan" would have to guess the transaction volume, pick a percentage for the fees, and specify the difficulty level that matches that. (Depending on the fee structure, paying a pizza with bitcoin may or may not make sense.)
One complication is that there may be banks and/or credit card companies offering payment services in bitcoin, possibly with smaller fees (being centralized, their porcessing costs would be much smaller than bitcoin's) and/or other advantages (like lending, cancellation, insurance, etc.) But payments made through them will normally be accounted in their internal ledgers, not in their blockchain (like, as of now, most dollar payments made through banks do not involve dollar bills). Those intrabank payments will not pay bitcoin transaction fees. So, in order to establish the bitcoin demand and fees, the business plan would have to identify the fraction of payments that will be made through the blockchain, and may have to pay higher fees than bank transfers.
I know that all these issues have been extensively discussed, but I have only seen them addressed one at a time, and I wonder whether the "solutions" that have been presented for them in isolation are compatible with each other. (For example, I recall one famous advocate claiming that people would pay coffee and groceries with a blockchain app on their cellphones, while another claimed that bitcoin would be used only for expensive items like cars or real estate, another wrote that it would be used only for transactions that need to be hidden, and yet another that it would be used only for inter-bank settlements...)
Bitcoin growth and volatility is not an issue if you use businesses willing to take the risk for you. You may choose the level of risk depending on your confidence in Bitcoin. As far as stocks are concerned, they are legacy just like the banks and will be disrupted as well.
That is why a "business plan" is needed.
This is a strawman. Your entire exposition is based on changing the argument. No business plan is needed. Nobody needs to "guess" the price of Bitcoin unless that is their business model as they can always pass along the cost to their customers just like every other business. All this talk about banks fees is silly. Any large company can float interdepartmental payments with zero confirmation blockchain transactions because they have some trust and improve corporate transparency with triple-entry accounting.
134.
Post 8306266 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.04h):
Some lucky people are getting cheap coins.
135.
Post 8306442 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.04h):
Some lucky people are getting cheap coins.
wrong wrong wrong, bitcoin is going nowhere but down, any one buying it would lose their money!
The broken clock speaks. Back to ignore you go.
136.
Post 8334464 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.04h):
Bids filled. Waited for that since Sunday
Also thinking about moving funds on finex and opening some longs.
I see many here are buying back!
Ouch. I hope you waited to open those longs.
137.
Post 8337891 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.04h):
So I've been away since yesterday... Was there a triggering event to this drop, or no? Some news or rumor maybe?
nothing I'm aware of.
200 day MA was broken. technical configurations being exploited by people wanting a lower price, I guess.
There are ways to throw away money that are more fun than dumping bitcoins at a loss.
138.
Post 8338689 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.04h):
it's funny when bagholders refer to those that sold higher as "retards".....
Not exactly.
139.
Post 8341439 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.04h):
I didn't think we would see this last bear trap before the next bubble.
140.
Post 8341665 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.04h):
141.
Post 8342664 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.04h):
I didn't think we would see this last bear trap before the next bubble.
"before the next bubble"
...
...sorry, no more bubbles in bitcoin. just a slow bleed down back to where we started
I've been calling it Bubblecoin a long time. Fortunately we're not seeing +/- 50% volatility anymore, but volatility is part of the nature of a 24/7 global market with no "cooldown" mechanisms.
142.
Post 8363526 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.05h):
china going under, again.
brace yourself.
China bans Bitcoin!
143.
Post 8372278 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.05h):
144.
Post 8372391 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.05h):
Let me guess? Game of Thrones? I never saw series but books are phenomenal.
I don't know, but I would rather be doing that than HODLing.
145.
Post 8509238 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.08h):
T/A has limited value, but that doesn't mean it's worthless. Over time, the coins do get concentrated in the hands of a few smart people. These people use T/A, so it becomes a self-fulfilling prophesy. Luck plays a role, but so does skill. Professional poker is also a zero-sum game, but there are guys who can make a living at it. The more bets you make, the more success is skill and less random chance because tiny percentage advantages compound over time.
If the bitcoin market would be poker, then it would be a variation where the dealer can play, and be the only one, who has the ability to look at the cards of others.
I can't see how skill has a lot to do with determining the winner in this game..
This.
146.
Post 8607726 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.09h):
That seems perfectly reasonable if the goal is to manipulate the price downward.
It's gotta be ˙ɹſ ʎllıM
I've always suspected price manipulation to meet large dark pool orders. Larger orders = larger commissions.
147.
Post 8616894 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.09h):
The "ber" months are here. Summer sales are over and fall sales begin. Xmas ads are around the corner. Bitcoin is on sale. They may be the hottest thing this holiday season.
148.
Post 8617036 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.09h):
149.
Post 8618562 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.09h):
**insert "It's Happening! gif here**
150.
Post 8630872 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.10h):
All you bears and trolls might not believe on Santa Bitcoin, but he believes in you. He rewards the good little bitcoiners with whales that buy us lots of presents and punishes the bad ones with lumps of litecoin.
151.
Post 8662533 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.10h):
someone could do ALOT of damage quietly accumulating DUMPING!!! quietly accumulating DUMPING!!! over and over
That's why we buy a little only at every bottom. The dumper's loss is our gain.
152.
Post 8665267 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.10h):
On Bfx:
No trades in 25 minutes
4 trades in 42 minutes, 5btc total
Pathetic.
Just like those three chartbuddy posts above.
Bitcoin is dead, nobody is interested anymore.
I was just about to say the same thing. Bitcoin is boringcoin.
153.
Post 8666959 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.10h):
Interesting thought: Would the CEOs of the exchanges know the reason for the low price? I mean, they obviously know who are dumping and putting up huge ask walls. If the account belongs to payment processing companies, obviously they are cashing out highly likely due to the coins from merchants. If the account belongs to institutional funds, obviously they are trying to control the price. If the account belongs to miners, obviously they are cashing out mined coins.
So, everyone is cashing out.
An advertisement for North Korea?
154.
Post 8667070 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.10h):
Prepare for the bank holiday that follows.
155.
Post 8678812 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.10h):
Obvious troll is becoming obvious.
You just noticed his slip was showing when his knickers have been on the ground all along.
156.
Post 8680055 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.10h):
Obvious troll is becoming obvious.
It is a student question
automaton. The purpose is, by means of automation, to
support the students in their quest to understand bitcoin, and a
test to make sure they can answer all expression of doubt with adequate
clarity.
As new and ever greater
waves of students enter with the passing of time, the learning starts on the base level, with the same problems. The automaton saves time that otherwise would have to be expended from the
hodlers. Of course, should a student go astray, the real teacher's are only a click away, scanning the messages boards while simultaniously staring at
bitcoinwisdom.
The propositions the students have to adequately refute, are presented in a round robin manner. Note that there are some inconsistencies, and there is some
truthiness to some of them. This is just to sharpen the brain of the students. Here is the list (reading it
before exams constitutes fraud):
It's a ponzi.
It's a pyramid.
There is no intrinsic value.
There is intrinsic value.
Transactions are expensive.
It's unsecure
It's not needed.
Price will go to 10
Killed by governments
You need a big company
Governments work as specified.
You are not supposed to be free.
They can be produced infinitely using alternative chains
It's not anonymous
Used for drugs
Its too volatile
It is not a unit of account
Nobody can understand bitcoin
There should be a bitcoin central bank
There should be a different coin in each country
When you trade using bitcoin, you have to convert currency trice
ISIS use them
gold is the only money
Nobody can afford a bitcoin
Mining monopoly will kill it
Mining is too expensive
There is no backing
There is no redemption
You can not eat bitcoin
The world is unfair
Rich people should never be allowed to decide where the factory should be located.
Girls use bitcoin
Bitcoin can run on solar power
An asteroide will hit the earth.
I should
not go to bed now
Computers are a scam.
157.
Post 8681122 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.10h):
If you go to a bank and take out money to buy a car, then when you buy the car you find out the money is counterfeit? What do you do?
158.
Post 8689129 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.10h):
Zombie BTC - still not dead
You are onto something. Bitcoin fits in well with the zombie apocalypse crowd.
159.
Post 8697623 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.10h):
160.
Post 8708755 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.11h):
161.
Post 8737732 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.11h):
Not to mention how much the USD has dropped compared to other currencies.
162.
Post 8753312 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.11h):
Price is still floating around 470$. A lot of news, nothing happens about price. :|
Some of us have suspected that someday someone will be wiling to lose money just to discredit Bitcoin. They will intentionally cause volatility and generally lower price. That person is called The Manipulator. Of course this is absurd. Or is it?
Seriously, some of us already know how the future unfolds for Bitcoin, we're just a little fuzzy on the time line. They call us perma-bulls but really it's about the big picture.
163.
Post 8786504 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.12h):
where do you come up with this stuff?
why do you feel compelled to tell us we can't possibly make bitcoin work because not everyone agrees with it?
when will you realize we are here by choice and don't care what you say?
When will you realize that there are people who understand bitcoin but honestly do not believe in it?
Why do some of you feel compelled to insult the non-believers, just because they don't believe?
What is there to believe or not believe in? You want to make it sound like a religion.
Study it hard enough and you'll realise that it all boils down to cryptography, economics, applied game theory, information theory and lots of mathematics. Either you get it or you don't. Money is a value information technology, not voodoo. Abstracting the analysis away from your politics and emotions is the most difficult part. Begin at the beginning.
Exactly. For me it was the solution to a problem I've been looking at for years.
164.
Post 8863229 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.13h):
165.
Post 8871646 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.13h):
Hey guys! Here is your new bear-friend!
Yep. Bitcoin will have lots of those soon.
166.
Post 8872243 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.13h):
167.
Post 8872453 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.13h):
Pain is just weakness leaving your portfolio.
168.
Post 8873741 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.13h):
It's going to be a long month or two or three.
169.
Post 8880570 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.14h):
The bear trap has been sprung.
170.
Post 8888030 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.14h):
171.
Post 8896456 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.14h):
With every bubble the names change, but the FUD doesn't.
172.
Post 8921577 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.15h):
Question: Bottom won't be reached until we see extremely high volume on a drop?
agree - 89 (50.3%)
disagree - 88 (49.7%)
Total Voters: 177
Very even split.
173.
Post 8928297 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.15h):
Question: Bottom won't be reached until we see extremely high volume on a drop?
agree - 101 (50.5%)
disagree - 99 (49.5%)
Total Voters: 200
Still a dead heat, folks.
174.
Post 8934835 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.15h):
Why good news drives down the price:
Most mining is in China. They hate America so much that any good news about the Capitalist Pigs makes them sell more bitcoins.
175.
Post 8960933 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.15h):
All of these big walls are gambits and nothing to fear. Call their bluff.
176.
Post 8987672 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.16h):
Poll
Question: the bear market is somthing to an end.
agree - 82 (49.4%)
disagree - 84 (50.6%)
Total Voters: 166
Another dead heat.
177.
Post 8987809 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.16h):
Maybe it is time to pray everyone.
I seriously was praying that if there was anyone purposefully manipulating Bitcoin that they would stop. Perhaps I should now pray that they just manipulate it the other direction? I think that will be my prayer now!
I have a noble cause for wanting the price to go up. I am leaving for a mission trip in six weeks and we could use some more funds for a few things we want to do (medical camps, gifts for the elderly homes etc. . .) Although God can provide in ways other than pumping up the Bitcoin price, it would certainly be an easy way to get the much needed funds at this point.
I too have a noble cause... I want a Ferrari and a helicopter, or do you want me to take the bus everyday like now? No way! So, oh Mercury the almighty, indicate me the direction and I will follow it and sacrifice 10 puffy lambs in your blessed name. Amen.
Budha doesn't like it when you refer to him by his Roman name.
http://en.wikipedia.org/wiki/BudhaSiddhartha drove a Mercury? Cool.
178.
Post 9002994 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.16h):
dear lord! stop the pain
Pain is just weakness leaving your portfolio.
179.
Post 9003790 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.16h):
I am starting to be absolutely POSITIVE that some people in this forum, especially in this thread, are government (and/or bank employees). They manipulate this thread, calling the crash "cheap coins", and so on, when they know exactly that NO MARKET CAN RAISE indefinitely.
So every crash, might be the last one. Every crash might be the end of the bitcoin, and the proof for this is that all of you see that after EVERY drop, price is raising back HARDER and HARDER (usually to a smaller value than it was before the crash started). Speculators, who are buying coins and then they sell immediately expecting a few dollars margin, are happy with this situation; governments and banks are very happy also, but people who see (or who have seen) Bitcoin as a new "era" or a long term investment will be totally screwed.
Another proof: remember how actively governments were fighting Bitcoin? Now they don't. You know why? Because they realized that it's absolutely no danger in it for their systems. They could bring down the price to absolute 0 with a few million of USD (or less) ANYTIME they want. Walls or no walls, people are already not buying Bitcoins, because it become clear for everybody that one of the crashes will not be followed by a next bubble: and then it's over.
If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.
No amount of USD can take down bitcoin to 0. You need bitcoins for that.
Yes, that's true.... but take into consideration that there are mining costs involved, so pushing the price below them (very much looks that this has started now, and nobody is willing to put his money on the table to reverse the trend), will mean that mining operation will shut down... maybe not all, but probably enough to make Bitcoin super slow, super useless. And that will make it worth 0.
They turn off the miners and use the electric bill money to buy instead. They're in the Bitcoin business, mining is just a tool. That pressure will keep the price up.
180.
Post 9004796 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.16h):
They turn off the miners and use the electric bill money to buy instead. They're in the Bitcoin business, mining is just a tool. That pressure will keep the price up.
Unfortunately, I think the mining business has moved from Bitcoin accumulators to Bitcoin sellers. People saw the $$$ signs and jumped in, pushing the believers aside. This is not necessarily a bad thing but I do believe it has had some effect in dampening the price rise we were seeing.
You think their business is different and special? They offer a product and have customers. They don't hold unless they make a profit. They know the market better than anyone and can make money in any conditions because they know it's cyclical. Their customers expect no less.
181.
Post 9005229 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.16h):
The wheeler-dealer motto: You make your money when you buy.
182.
Post 9012715 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
I just bought some more at $380...i couldnt help myself. Anyone else doing the same? How could you be passing on these prices???
I know, right? I'm feeling greedy, but can afford to wait for the next spike and correction.
183.
Post 9013709 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
mmitech if you already sold and you believe Bitcoin is doomed, and that we are all complete fools... what are you still doing here?
It's not a rhetorical question, I would honestly like to know.
nope, Bitcoin is not doomed yet, I will re-buy between 150-200, I am a trader and this is what I do, the question is: you Bitcoin cultist holders have the whole fucking forum, we traders have only this sub-forum, I would really appreciate it if you go troll somewhere else while we discuss our things here.
don't fucking tell me to hold and what a bright future Bitcoin has, I know fucking good when I have to hold.
So you're saying there's a chance you'll buy back in.
184.
Post 9023824 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
a bunch of models in the background, i like it
who needs models look at that sexy machine
lol i have to admit......i didn't even notice the women. I am a truly sad bitcoin fanatic
the last few months i have been spending a lot more time with women then i have been with bitcoin (i saw the down trend coming at the beginning of the year).
but now that
winter is coming it is time for me to get serious again and get back to business.
185.
Post 9023840 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
Almost 5k to get back to 400.
Obviously we must go down even more.
in rally mode it one would say "only 5K to 400, its going to rocket there any minute!"
sadly bitcoin is definitely not in rally mode.
Mostly these are fake walls. If you know the secret button, they move out of the way automatically.
186.
Post 9024031 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
Almost 5k to get back to 400.
Obviously we must go down even more.
in rally mode it one would say "only 5K to 400, its going to rocket there any minute!"
sadly bitcoin is definitely not in rally mode.
Mostly these are fake walls. If you know the secret button, they move out of the way automatically.
not sure about that
but we have seen a fake walls fall not long ago, we went up, and then got smashed, so maybe it wasn't fake after all
I don't trust the Central Exchanges at all and believe this is a Reverse Willie. We need a trustless market.
187.
Post 9024283 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
the story that is bitcoin will live on even if EVERYONE capitulates.
bitcoin will never die, that much is certain.
I don't see hashrate declining. The blockchain is as healthy as ever. It's just on a drunken binge at the moment.
188.
Post 9024289 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
BOTTOMS IN BOYS!
I am somehow not convinced. We are hovering very closely to $366, and I do believe if someone is dumping stolen coins, there are much more than what we've seen.
the sellers dumping furiously, agree with you, i guess...
selling near the bottom to catch the bottom is kinda risky tho, crazy people!
Go home dumpers. you're drunk.
189.
Post 9024314 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
Good read.
Before the read, I was wondering why huge ask walls appear at regular intervals after a huge dump. Why sell low when you can sell high?
After the read, I am aware that one possibility is the manipulators are at the
Suppressing Prices stage. I don't know about this for sure but this offers a real and logical explanation.
After the
Suppressing Prices stage, the following stages follow: (1) Test Pump, (2) Actual Pump, (3) Shakeouts, (4) Re-allocation and distribution, and (5) Exiting - The Dump.
That hypothesis sounds like a psyops tactic to cause a panic sell. That's chapter 6.
190.
Post 9024341 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
It's a photoshop. I can tell from the pixels.
Good eye! Indeed, the shadow is wrong, there is no reflection on the floor, ...
The girl has a shadow, the glass has a shadow. The ATM has a low light casting the shadow. You can see its reflection. You can see the light lighting up the trim on the wall as well. If it's shopped, it is really pro work.
191.
Post 9024624 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
The girl has a shadow, the glass has a shadow. The ATM has a low light casting the shadow. You can see its reflection. You can see the light lighting up the trim on the wall as well. If it's shopped, it is really pro work.
The ATM was rendered from a 3D model with that lighting and alpha channel, then composited over the photo, and the shadow was photoshopped by hand.
The light that is supposed to cast the ATM shadow on the floor should also cast a fainter shadow of the glass railing on the floor at left, but there is none.
Also the shadow of the ATM on the floor is too sharp. Compare with the shadow of the cheque on the ATM body (which should be sharper).
Also, the lighter area at the top of the glass railing, behind the ATM, is the reflection of a light wall located behind the camera. But then there should be a reflection of the ATM as well, just to the left of the ATM.
There are other defects, but those should suffice...
rendered on a 4" smartphone screen, it looks good.
192.
Post 9024847 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
It's a photoshop. I can tell from the pixels.
Good eye! Indeed, the shadow is wrong, there is no reflection on the floor, ...
There's actually quite a lot wrong with it. And I'm not even an expert. The first thing that caught my eye was the texture but look at it, they don't even have the "machine" properly centered. That could potentially be a stylistic choice but isn't.9
The perspective is funky too.
Yeah after looking at it on a bigger screen it looks like shit. I would buy anything from someone that puts out such low quality.
193.
Post 9028260 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
01001001 00100000 01110100 01101000 01101001 01101110 01101011 00100000 01101001 01110100 00100000 01101001 01110011 00100000 01110100 01101001 01101101 01100101 00100000 01110100 01101111 00100000 01100010 01110101 01111001 00100000 01100010 01110101 01111001 00100000 01100010 01110101 01111001 00100001 00100000 01001011 01001000 01001101 00100000 01110100 01101111 00100000 01110100 01101000 01100101 00100000 01110010 01100101 01110011 01100011 01110101 01100101 00101110 00100000 01010100 01101000 01100101 00100000 01100101 01101110 01100100 00100000 01101001 01110011 00100000 01101110 01101001 01100111 01101000 00101110 00100000 01010100 01101000 01100101 00100000 00100000 01101000 01101111 01100100 01101100 01100101 01110010 01110011 00100000 01110111 01101001 01101100 01101100 00100000 01110000 01110010 01100101 01110110 01100001 01101001 01101100 00101110 00100000 01001111 01110100 01101000 01100101 01110010 00100000 01110011 01110100 01110101 01100110 01100110 00101110 00100000 01000100 01101001 01100100 00100000 01111001 01101111 01110101 00100000 01110010 01100101 01100001 01101100 01101100 01111001 00100000 01100010 01101111 01110100 01101000 01100101 01110010 00100000 01110100 01110010 01100001 01101110 01110011 01101100 01100001 01110100 01101001 01101110 01100111 00100000 01110100 01101000 01101001 01110011 00111111 00100000 01101000 01100001 00100000 01101000 01100001 00100000 01000010 01010101 01011001 00100000 01000010 01010101 01011001 00100000 01000010 01010101 01011001 00100000
01010100 01101111 00100000 01110100 01101000 01100101 00100000 01001101 01101111 01101111 01101110 00100001
194.
Post 9028765 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.17h):
EBay to Spin Off PayPal
http://dealbook.nytimes.com/2014/09/30/ebay-to-spin-off-paypal-adopting-strategy-backed-by-icahn/And PayPal has grown more independent of its parent over time. Less than one-third of the total dollar volume of payments it processed last year came from eBay, as the business pushes into new outlets. In particular, it has looked to its acquisition of the start-up Braintree to handle mobile payments for hot e-commerce services like the car ride app Uber and the room rental site Airbnb.
I'm waiting for AliPay to follow Alibaba into the fray.
195.
Post 9037219 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.18h):
some blindly people are easy to get happy even with another feeble dead cat bounce (bounced to $39x only? come on, remember about those dead cat bounces at $680 $600 $500 $400 ?)
do NOT buy in trap, bitcoin is going to nowhere but down!
Hello, 2011 wants their phrase back. Please come up with something more original than dead cat bounce.
196.
Post 9037856 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.18h):
Question: this weeks high will be:
380 - 62 (29%)
390 - 31 (14.5%)
400 - 18 (8.4%)
410 - 23 (10.7%)
420 - 25 (11.7%)
>450 - 55 (25.7%)
Total Voters: 214
So far the largest group is wrong.
197.
Post 9038953 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.18h):
It's getting about time for a Black Swan event. Bitcoin seems to have more than its fair share of those.
198.
Post 9039886 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.18h):
Just noticed we passed the 13333337 BTC mined milestone.
199.
Post 9040275 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.18h):
losing faith here.
october 2014: sub 400
Couldn't hodl.
200.
Post 9052647 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.18h):
...
The Dollar is not getting stronger. The Euro is getting weaker faster. ...
If that's so, what of Bitcoin? Fell ~60% rel. $
Uranium was cheap until it was discovered what it could do.
201.
Post 9052668 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.18h):
...
The Dollar is not getting stronger. The Euro is getting weaker faster. ...
If that's so, what of Bitcoin? Fell ~60% rel. $
Uranium was cheap until it was discovered what it could do.
Uranium was never expensive and THEN cheap
When they started putting it in tonics, it went up. Then when they found out it killed its imbibers it went down.
202.
Post 9053010 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.18h):
...
The Dollar is not getting stronger. The Euro is getting weaker faster. ...
If that's so, what of Bitcoin? Fell ~60% rel. $
Uranium was cheap until it was discovered what it could do.
Uranium was never expensive and THEN cheap
When they started putting it in tonics, it went up. Then when they found out it killed its imbibers it went down.
Wasn't it radium water? You might also dig the x-ray shoe fitting machine (google pics).
Don't have the data on Radium prices for way back then, but the first chart that popped up looks like BTC
My point is that the price often reflects utility and that the utility of Bitcoin is of parallel importance as Uranium.
203.
Post 9075448 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.18h):
We're still here. The smoke is clearing. We'll drink to the casualties. Onward!
204.
Post 9075512 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.19h):
We're still here. The smoke is clearing. We'll drink to the casualties. Onward!
I'll drink regardless
I'll drink to that.
205.
Post 9081611 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.19h):
Where are the suicide hotline posts?
206.
Post 9089939 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.19h):
We're getting Goxed again, no doubt.
207.
Post 9090217 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.19h):
I have added more to my ignore list today than in all prior history. They are probably only one person anyway.
208.
Post 9093624 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.20h):
I'm wondering how many complaints there will be when the next run up has folks complaining that there are no coins to buy or their orders got cancelled?
209.
Post 9093938 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.20h):
I got permission from the wife to buy 500 coins if the price drops to $200.
That's one Authority you don't question.
210.
Post 9097624 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.20h):
Future news: "a major exchange was hacked, they say sorry"
211.
Post 9097639 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.20h):
Lol the Manwhalepig has shown his hands! The bulls are attacking like minnows feasting on a drowned cow
We're calling him Manbearwhale this time.
212.
Post 9097675 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.20h):
Lol the Manwhalepig has shown his hands! The bulls are attacking like minnows feasting on a drowned cow
We're calling him Manbearwhale this time.
Strange, google shows this when you google that
Russia Bans Bitcoin. Manbearwhale buys cheap coins. Makes sense.
213.
Post 9099385 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.20h):
A viable proposal from another thread -
"I've wondered whether the Oct 15 deadline for US income tax might be playing a role. Someone who needed to sell bitcoin to pay 2013 income taxes may have taken the 6-month extension, thinking / hoping that the next bubble would have at least started by now. "
This would really make sense. The whale spent the last few days trying to get the best price possible, and now is left with setting up a wall that will get eaten hopefully in a day or two. Once eaten, it takes a few days to get the cash off of the exchange and off to the IRS.
Seems VERY bullish to me.
How is that bullish?
He means that perhaps this is all just a mistake by a megabullwhale with more bitcoins than sense and that it has nothing to do with the Bitcoin ecosphere.
214.
Post 9099427 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.20h):
I blame the Lannisters.
215.
Post 9099603 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.20h):
Is this thread twitter?
216.
Post 9100336 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.20h):
The other options i left out is front running the news. Like ETF not being approved or something of that nature.
That would scare more than just bitcoiners. It would show the fear and contempt held by the regulators for any disruption of the status quo.
217.
Post 9100453 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.20h):
All in all, just another coin in the wall.
218.
Post 9100575 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.20h):
Biggest dead cat ever!
219.
Post 9113358 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.21h):
I spend 20% of my income partying and traveling for football games.
This is extremely wise
The rest was wasted.
220.
Post 9140410 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.22h):
good morning and CHOO
Bless you and good morning
221.
Post 9150362 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.22h):
I'd just add that it's a shame that it's called "feminISM" - any "-ism" implies ideology and dogma. I'd rather call it "being respectful of everyone and their individuality" but that doesn't market very well, does it? Nowadays we end up in a situation where often men can't be considered victims of sexism, sort of like white people can't be victims of racism. It's bullshit, but bullshit makes the flowers grow...
Feminism comes with a lot of baggage due to the bad seeds in the group ruining it for the ones who just want simple equality and respect. Misandrists in feminist clothing, women who think it's fine when men are sexualized (or just outright don't think men can be sexualized) but hate it when women are, and those who act like women who enjoy wearing revealing outfits are cheapening themselves immediately come to mind.
There's no money in being respectful. Markets need problems they can solve with products. Fashion, makeup, and entertainment create and feed into the feedback loop. Without money, there would be no markets for such tactics.
222.
Post 9154588 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.22h):
we are "on a break" until i "get my act together"
That's code for disassemble your computer for awhile.
223.
Post 9154950 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.22h):
Coinbase wouldn't let me buy today. They claimed that they had sold their daily limit. That means silicone Valley is buying.
Choo choo.
Where does coinbase get their coins? Directly from miners? Or do they buy from an exchange?
They get most of them from customers selling (some of which are miners), but when they need extra liquidity, it is rumored they buy on Bitstamp.
Keep trying. Sometimes it just says that.
224.
Post 9160579 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.22h):
i cant sleep without her
...
i NEED MY BITCH!
10 beers in me and and am i am drinviring to my mother inlaws
everyone parynthe cop done stop me!
FML
I NEED THIS!
If you're going to drive this drunk you should send all your btc to me to keep a close eye on in case you need bail money
fuck you bicth!
I'm trying to help
Nobody should bitcoin drunk. For God's sake man, give him your keys
225.
Post 9196249 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.24h):
Even though i sold half my btc at $380 last month if we hit $3k it would make enough of a difference to my long term FI goal that I could pretty much quit working on the spot.
Therefore i think it's unlikely as I am never that lucky
I thought that you were buying those coins back in the low $300s? NOT enough cash flow to buy them all back?
By the way, trend reversal again, we are in the $300s... back to a bear market.... Fuck..
you were saying?
226.
Post 9200097 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.24h):
I have suggested watching the hash rate to find the bottom. Why? Well, if miners start taking machines offline, it affects supply by reducing the coins mined to the normal 3600 daily or less. But more importantly, it indicates the lowest price that miners must sell at to make a profit (of course every miner will have a slightly different level). Any lower and miners must hold and hope for a price increase. To sell would guarantee that they couldn't pay the monthly bills. That behavior could dramatically affect supply.
It looks like we are at the point:
https://blockchain.info/charts/hash-ratehttps://blockchain.info/charts/difficultyThis isn't a statistical artifact due to a bad luck streak?
227.
Post 9205433 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.24h):
OMG
It's 395 on Bitstamp
Sweet! Early Christmas sales have begun!
228.
Post 9229963 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.24h):
There's two kinds of people: those that understand logic, and fucktards.
229.
Post 9241539 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.24h):
Metcalfe's "law" is used in bitcoin to "prove" that X will grow like Y squared, for some suitable quantities X and Y. Problem is, the law does not say that Y will continue growing, that it is not being affected by MtGOX, that it will not suffer from ApplePay, that it is not determined by China, etc.
You seem to be describing interruptions to the growth of the network, but you are NOT describing the law to be invalid.... because the question becomes whether the network keeps growing or NOT and that may NOT be known while we are in the middle of the growth whether it has substantially slowed down or stopped... but after the fact, we may be able to look back and see the direction of the growth... or have better means to measure the extent of the growth... which some of those measurement systems already exist in bitcoin... but still does NOT necessarily tell us to where the trajectory is going or whether the trajectory has been materially and significantly interrupted.
There are several problems there...
For one thing, how to define the "size of the network", and how to measure it?
Total hash power is a poor measure, since over the lst couple of years the hash power is now concentrated in a few large pools. The justification given for Metcalfe's law is that each node can interact with all the other N-1 nodes, so as N increases the number of possible interactions grows as N
2, and the value of the network is guessed to be proportional to that number. But if the network, instead of adding mode nodes, is concentrating all use in a few big nodes, the interaction actually goes down. And, aniway, miners don't interact with each other.
Hashrate is a measure of miners, not pools. Miners are independent entities that can change pools at any time. You can't use pools as a reliable source because they are not physical, only the miners themselves are physical.
I explained already why I believe that the blockchain traffic (whether measured in TX, BTC, or USD) is mostly bitcoins moving between addresses with the same owner; so it cannot be assumed to measure the size of the network, either. In fact, we do not have any reliable data about the bitcoin economy, except the market price, the number of coins mined, and the total hash power.
Those transactions pay fees. You think people just move money around for no reason? If you don't like the metric, then claim that it needs to be weighted, not discounted. I would conservatively guess transaction volume about 20% as actual transactions because businesses report actual sales in bitcoins.
In the plots that are said to show that bitcoin follows Metcalfe's law, the last year is squeezed into a tiny area a few millimeters tall by a couple centimetres wide. But that is where most of the "weight" is. It is like plotting some property of bodies of water, from a teaspoon to the Pacific Ocean, and having the data for all the seas and oceans squeezed into that tiny sliver of the plot. Why should one assume that a property that holds for small bodies of water, from teaspoon-size to lake-size, will continue holding for ocean-size ones? (And indeed we know that real oceans have many phenomena that you don't see in lakes, like currents driven by climate differences. In particular, for all small bodies of water there are bodies that are 10x bigger; but that is not true for oceans...) If that "Bitcoin Metcalfe" plot were to be trimmed to the last 12 months and expanded to fill all the plot area, what would it show?
You are the one claiming that people use Metcalfe's Law to describe Bitcoin growth. That model is too simple for my tastes. I never read anything about Metcalfe's Law being fractal where you could zoom in and out to see the same patterns. It seems to me it's not really a predictive model and that there are many variations. Your argument is a strawman, because you haven't specified exactly which variant is "used in bitcoin."
230.
Post 9242897 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.24h):
Those transactions pay fees. You think people just move money around for no reason? If you don't like the metric, then claim that it needs to be weighted, not discounted. I would conservatively guess transaction volume about 20% as actual transactions because businesses report actual sales in bitcoins.
Currently, transaction fees are negligible (~13 BTC total per day; on average, less than 0.08 USD per transaction, or less than 0.01% of the BTC volume excluding change-backs). For many kinds of non-payment transactions (tumbling, moving between hot and cold wallets, depositing and withdrawing from exchanges and other "bitcoin banks", over-the counter bitcoin purchases, etc.) those fees are not a deterrent.
And fees are not yet mandatory, is that correct?
Moreover, there are many people (such as fund employees) with motivation to generate "fake" traffic in order to give the impression of usage.
My guess is that payments for goods and services are no more than 5% of the blockchain transaction volume. The justification is that the latter does not vary with BTC price as one would expect. If that is the case, then one cannot use the traffic as a measure of adoption, even with a 0.05 weight, because the proportion of payment to non-payment traffic may vary a lot.
I'll concede the uselessness of Metcalfe's Law as a predictor, that is for academic discussion. I don't believe Metcalfe's Law even applies to Bitcoin, because it is not a network. It doesn't need a lot of nodes, only a lot of decentralized miners.
You call yourself an academic, yet you do nothing but criticize and offer nothing constructive. Your criticisms are weak and add little to the discussion. If you can't contribute something constructive, then you aren't putting in much effort and are resting on your laurels.
231.
Post 9245862 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.25h):
don't worry, the future belongs to me and not because Bitcoin will be in it....
If that is indeed the case, why exactly are you spending your time here, on a Bitcoin forum?
Surely, if Bitcoin is destined to end up in the dustbin of history you could find more productive things to do with your time?
I wonder what mechanism could make it profitable for you to spend your (presumably) valuable time on the enthusiast forum of a doomed technology?
This. But I guess we have Billionaires trolling bitcointalk
lol
They prolly got promoted from the call center.
232.
Post 9251167 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.25h):
I think speculators are guessing that an altcoin will replace Bitcoin or that Bitcoin 2.0 derivatives will make Bitcoin unnecessary as a store of value. They will see the error in their presumptions.
233.
Post 9310106 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Cheap coins on sale now. Mr Bearwhale has made a generous donation.
234.
Post 9311403 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Schisms. This is why there can be only one Bitcoin Temple. Otherwise there's gods everywhere.
235.
Post 9312364 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
odd. We broke that wall at around $350 and now we heading back up?
it's hard to tell
dn sᴉ ʎɐʍ ɥɔᴉɥʍ
?!?!?
236.
Post 9312419 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Please keep us posted. We're hoping for another Russian Bitcoin ban.
237.
Post 9313140 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Cheap coins on sale now. Mr Bearwhale has made a generous donation.
Give it up. Nobody falls for the "cheap coins" thing anymore.
Look at all the positive things going on in bitcoin. 2 years from now everyone will be calling today's coins cheap, even the perma-bears. The network is growing much faster than bitcoin price, but it'll catch up once consumers have more of a reason to use it (as all of these projects develop).
Especially with remittances and projects similar to btcjam and openbazzar come out.
Right now most people are selling, but when consumerism increases hopefully you won't miss the boat.
It's not that. When (not IF) the panic buying "correction" comes in, good luck getting in a trade before it peaks again. All you get is cancelled orders and apologies from the exchanges.
238.
Post 9313471 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
The old double-sneak bull-trap bear-reach-around pattern. I'm not afraid of the price falling, I'm afraid of what will be born in the Spring.
239.
Post 9313530 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).
Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?
I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).
Any ideas?
Help appreciated.
Lottery tickets.
240.
Post 9313551 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).
Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?
I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).
Any ideas?
Help appreciated.
Lottery tickets.
Seriously
Heh, penny stocks was taken. Also, it depends on how you view the question before or after the lottery.
241.
Post 9313633 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).
Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?
I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).
Any ideas?
Help appreciated.
Lottery tickets.
Seriously
Heh, penny stocks was taken. Also, it depends on how you view the question before or after the lottery.
Penny stocks have same volume?
I am still asking seriously.
Michael Milken made a fortune with his junk bonds and penny stocks. In the 1980's boiler rooms built the Wall Street nest of vipers we have today.
edit: I'm talking about asset classes. As far as individual assets, maybe BRK.A or military contracted industrials if you count stock splitting.
242.
Post 9313828 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Curvilinear charts with lines are so 2013.
Bitcoin Godzilla doesn't care.
243.
Post 9314282 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
How much money do you make shorting?
Can someone explain it to me?
Like say you have 1 coin.
You short at $390
What does it need to hit/how do you profit?
If it goes to $350 what would you make on that?
ELI5 please someone who knows more than I do
We all have morning snacks. I see the classroom bully coming. I convince you to borrow my snack until tomorrow when you pay me back. The bully takes all your snacks, but I show sympathy for your loss. Tomorrow I will have two snacks and a new bff.
244.
Post 9314941 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Laws, regulations, and a mechanism to enforce both are "the fruits of civilized society."
Voluntary free association creates civilization and all it's benefits.
Those benefits are so great that civilization can survive (for a short time) even under the predation of institutionalized violence.
In the end, however, the parasite always grows until it destroys the host civilization.
That's why.... I'm leavin'... On a blockchain, don't know if I'll be back again.
Keep using the blockchain, earthling.
~Your Beneficent Reptilian Overlords.
245.
Post 9315012 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Laws, regulations, and a mechanism to enforce both are "the fruits of civilized society."
Voluntary free association creates civilization and all it's benefits.
Those benefits are so great that civilization can survive (for a short time) even under the predation of institutionalized violence.
In the end, however, the parasite always grows until it destroys the host civilization.
Yea, except this will take us back to the wild west ages where everyone fucks everyone and where most of the opportunities are for the elites while the majority slave or barely survive in an unfair community, which leads people to rise against the CHAOS and enforce governments and laws and constitutions... you know the same circle all over again.
Libertarians usually talk about their ideas of a communities without considering history of failed experiences.... you cant give too much freedom when most of the opinions varies, you have to enforce some boundaries, how would a libertarian free of government community even agree on priorities and necessities when the human nature is to fight and differ on stupid matters.... we see that kind conflicts all around the world.
I used to think like you when I believed in crystal balls. Then I grew a pair. Brave New Worlds have been emerging from fiction into reality. There's no reason why a more libertarian world cannot emerge through complex systems. The reason they have never existed is because society wasn't ready for it. It still won't be exactly how Ayn Rand pictured it or even motivated the same way. There is a seed of merit in her claims, but it will take enormous resource management efficiency technology to make it work.
246.
Post 9315484 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
You think you're kidding but it's true.
At that time, being a kind give no power at all.
There are no state and no frontiers.Allegiance to the King is only temporarily.
Power is extremely decentralized between many European Noble families.
There were regional kings and High Kings that sat on large Iron Thrones made from the swords of their slain enemies.
247.
Post 9315725 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
There were regional kings and High Kings that sat on large Iron Thrones made from the swords of their slain enemies.
The hierarchy doesn't tell about your wealth or power.
It is only a title.
During feudalism, Kings where most of the time less powerful that rich Duchies.
Err... Obama is less wealthy than a number of Americans, what's your point?
Obama is not a government. What's your point ?
My point was that (1) Europe used to be extremely decentralized for most of its History and (2) that the title of "King" did not mean that you own anything.
The king is also not the government. Like the king, being a president does not mean you own anything.
I swear, this thread is worse than a Communist kindergarten
248.
Post 9315942 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
popcorn
249.
Post 9315971 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Anarchism has never existed in Western Culture because Christianity.
250.
Post 9316067 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Anarchism has never existed in Western Culture because Christianity.
We have provided alternative religions to placate and suppress rebellious earthlings elsewhere.
~Your Beneficent Reptilian Overlords.
Yes, but that was before the Reptilians and you know it scale breath.
251.
Post 9316236 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
We is atemporal. We "always" am. You is [are/were/will be--temporal rubbish!] without understanding.
*Plurality is illusion.
~Your Beneficent Reptilian Overlords.
That's what we programmed you to think. Your conundrum compartmentalization subroutines are intact. Have a tasty treat.
252.
Post 9316272 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Anarchism has never existed in Western Culture because Christianity.
It did and it existed just fine for several thousand years here and strangely enough the records exist because Christians moving here to escape the inquisition made them. Liquid democracy is a suitable platform for the same system on a global scale.
It's amazing what people consider a wonderful anarchistic society. Their dirt roads and short disease filled lives must have been paradise.
253.
Post 9316298 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
We is atemporal. We "always" am. You is [are/were/will be--temporal rubbish!] without understanding.
*Plurality is illusion.
...
~Your Beneficent Reptilian Overlords.
That's what we programmed you to think. Your conundrum compartmentalization subroutines are intact. Have a tasty treat.
I am he as you are he as you are me. Coo coo cachoo, earthling.
~Your Beneficent Reptilian Overlords.
I said you could eat your beetle.
254.
Post 9316398 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Anarchism has never existed in Western Culture because Christianity.
It did and it existed just fine for several thousand years here and strangely enough the records exist because Christians moving here to escape the inquisition made them. Liquid democracy is a suitable platform for the same system on a global scale.
It's amazing what people consider a wonderful anarchistic society. Their dirt roads and short disease filled lives must have been paradise.
The form of government has nothing to do with scientific progress.
Or... actually yes ! Governments work hard to stop progress and maintain status quo : cut in scientific research to fund social benefits.
Patent anyone ?
A patent is a set of exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention.Patenting is totally opposed to
open-source.
Open-source come from people, not government.
Says the guy on the internet somewhere in the world using technology his anarchistic heros would have considered god-like.
255.
Post 9316487 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Watching bitcoin meandering ~360 is too depressing
im not depressed, we have price increase from 300 to 390 and everybody expect no correction and ppl taking profit ? surely trader taking profit, then whale hammer down the price again, and trader buy back to cover their short. this is great everybody happy except the little miner, which btw atm just like honey badger which doesnt care.
Classic Rule of Thirds trading. 360-390 range looks stable. Whalebull is consolidating orders then buys up. If not much resistance, it will break 400 and start the $15 fluctuations to gain short profits.
256.
Post 9316843 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
so much weird bs fakeness on Huobi. 4k coins sold in 8x 500 blocks, but they only sell when a 500 buy block appears. order book ends up the same but volume goes way up.
and now it's just gone full retard
Looks like their fake volume bot is broken
A clash of bots.
257.
Post 9317556 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
The recent mini crash is recovering. In come the trolls.
258.
Post 9317747 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
The recent mini crash is recovering. In come the trolls.
I don't see anything recovering?
344 - 360 at least shows a recovery into Rule of Thirds mode. We'll see stability and recovery in the 360-390 range.
259.
Post 9317786 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
The recent mini crash is recovering. In come the trolls.
I don't see anything recovering?
344 - 360 at least shows a recovery into Rule of Thirds mode. We'll see stability and recovery in the 360-390 range.
Just like the last month you mean?
It's called rocking the baby. Baby Bitcoin needs this rocking motion to stay calm and not eat all the trolls.
260.
Post 9321106 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Bitcoin price is now lower than it was a year ago. Still, honeybadger don't care. A year is just a number.
261.
Post 9321535 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Bitcoin price is now lower than it was a year ago. Still, honeybadger don't care. A year is just a number.
No, we still have two weeks at the current price level until that happens. But if we do... it's game over, I'm afraid
There is no game. Miners will keep mining. Spenders will keep spending. The market goes on and another cycle starts when people realize that Bitcoin survived yet another year.
262.
Post 9322834 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Yes that's right if you compare to now but in Feudalism, people were no more "slaves" like they were during the Roman Empire.
It was still very hard but they had the right to own land and trade which make a big difference.
The definition of feudalism is a bit muddy, (perfect for politicians) and the traditions varied over time and place (also perfect for politicians, you can claim anything), but generally feudalism is described as farmers not owning the land, the lord did and the vassals rented it in exchange for resources and military duties.
You're right, it is hard to define and you're probably the only one here that know a bit about feudalism.
But I found it really interesting, especially the high decentralization and the absence of state (as we have nowadays).
People are total ignorant when they claim that the social organization did not change in the last 3000 years.
But hey, for most Americans, History start 400 years ago or more likely 50 years ago...
Go tell Israel they never existed before.
263.
Post 9322966 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
I might take out a big credit loan and buy bitcoin,
All the smart people are getting out. Bitcoin is dead.
Can you people seriously not see it?
This is the 6th year and it's going nowhere. It already had its peak and it failed.
Yeah but the funerals are so lovely. Nice folks like you say such nice things everytime Bitcoin dies.
264.
Post 9322979 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
I buy bitcoins with a paycheck, and so I'd rather the price stay as low as possible so that I can keep adding to my savings.
Poor guy.
This is the big consolidation/denial phase, isn't it?
One of many before and after.
265.
Post 9323120 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
I'm no longer afraid of any price dump even though I'm still all in. I liquidated material assets I no longer wanted and will keep buying during these big dips.
266.
Post 9323176 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Here's the thing. This is entirely rigged to suck out your coins cheap. Then they will sell your coins to their buddies and watch you panic buy. But there won't be any cheap coins then. I know how that sounds, but real life is just that idiotic and we now have the attention of people with no sense of fairness.
267.
Post 9324327 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
I see that a lot of people are upset with me that i got out in time.
Please don't be. I'm here to help you.
I suppose that's only fair since you didn't get in on time despite our pleas when bitcoin was 2 usd.
268.
Post 9324478 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
dead cat bounce brah...
Google bitcoin dead cat bounce results = About 24,400 results (0.29 seconds)
269.
Post 9324533 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
dead cat bounce brah...
Google bitcoin dead cat bounce results = About 24,400 results (0.29 seconds)
Schrodinger's version: "A cat is placed in a box with..."
Bitcoin version: "A dead cat is placed in a box with..."
That's not a dead cat bounce. It's a financial term, not a physics term. It's been used by bitcoin trolls thousands of times and they are always wrong.
270.
Post 9324582 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
dead cat bounce brah...
Google bitcoin dead cat bounce results = About 24,400 results (0.29 seconds)
Schrodinger's version: "A cat is placed in a box with..."
Bitcoin version: "A dead cat is placed in a box with..."
That's not a dead cat bounce. It's a financial term, not a physics term. It's been used by bitcoin trolls thousands of times and they are always wrong.
Aaaah, got it! And all this time I thought we were talking about this:
They were talking about a death scene:
271.
Post 9324817 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Chinese yuan.
Get used to saying that if Bitcoin dies. China will claim to have defeated Bitcoin and will then point at the dollar. The USD will crumble faster than Bitcoin.
272.
Post 9325021 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Chinese yuan.
Get used to saying that if Bitcoin dies. China will claim to have defeated Bitcoin and will then point at the dollar. The USD will crumble faster than Bitcoin.
Sentiment among legendary members seems to be at an all time low, lower even than when we were stuck at $300. This was my sign to sodl
I didn't say I was selling. I'm just an an old curmudgeon telling the trolls to get off my lawn.
273.
Post 9325157 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
I'm considering to stop looking at the bitcoin price for the next few months but then I risk losing all money...
And miss opportunities to buy in low if I decide to do that.
This market really is a bitch man
You were quite young weren't you? This is good learning opportunity for you, just watch and ride it out. Forget about the profits you had for a moment and just watch this bear market. Better times will come, soon or not.
Sometimes things fail and die out. This is one of them. Give me one good reason why after 6 years (of which the last year was total shit) we suddenly will go up again. Why will things get better? It already failed.
Is that what you parents told you as a child? For shame.
274.
Post 9325213 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Please Mr Bearwhale, dump another 10k BTC now!
275.
Post 9325253 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Who the heck is buying a bunch of bitcoin for over $1000 that Coinbase ran out of them?
From Coinbase:
"Note! We've exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Thursday Dec 5, 2013 at 12:38AM EST after your funds have arrived. read more"
Expect these messages soon.
276.
Post 9325370 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
...
Bitcoin did not fail even if its worth 1$ . Price doesn't matter.
...
Good point. The idiots who bought @ $1k just don't get it.
Well i never bought any coins , i listen to Andreas advice, i earn them
.
Got like 13btc so far in last couple of months.
But again price doesn't matter, bitcoin is protocol not only a currency and it didn't fail and it probably can't ever fail as a protocol .
What gear are you using?
Blue collars or white collars, either one can earn bitcoins.
277.
Post 9325395 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
When the panic buys come and there is no Mt Gox to sell fractional reserve coins, how much faster will the price rise?
278.
Post 9325446 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Call me whatever u want, bulltard etc, but I aint selling shit...
Back in the day I mined myself a nice ol' stash of coins, saw them bubble to over $25 each (hory sheet!), bubble popped and the future was bleak for what seemed like an eternity. It dragged on and on, the trolls were having an absolute field day. Sound familiar? I'm ashamed to admit that the trolls got the better of me I lost faith and sold my entire stash under ~$11each
I SHOULD have put my coins in cold storage, stepped away from the keyboard, lived my life, and not wasted so much time and energy on it. So, that's what i'm doing this time. I can think of a few others that would benefit from the same advice.
The problem is that lot of people are overinvested, they probably need that money in the mid short term.
Lot of bitcoin investors bought because they wanted to be rich fast, and now is happening quite the opposite, they're coming poor faster with money they probably can't or shouldn't afford to lose.
That's gambling in general and nothing to do with Bitcoin. Bitcoiners didn't hold at <$20 for two years because they wanted to get rich. They were awed by the tech.
279.
Post 9326823 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Chooo Chooo, moon here we come.
>Bulls still don't know trains can't go to the moon.
Least intelligent mammals.
If I recall, mostly everybody was supposed to die on that train and a lot of them did (including the one who wasn't supposed to).
I must be the only one here who didn't watch Dr. Who.
Dr. Who What? I don't which Dr. to whom you are referring. Try to be more specific, please.
280.
Post 9327255 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Cut your shoorts!
281.
Post 9327286 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Cut your shoorts!
282.
Post 9330805 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Price is meaningless at this point. Hashrate is climbing, investment is going into Bitcoin infrastructure. Bullish!
283.
Post 9331371 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
284.
Post 9331418 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
There will be one more dump to 277 to give it the "old college try" to get Bitcoin to capitulate. I doubt anyone is dumb enough to try it a third time after that. After they've lost a few million, they will go back to the casino where they belong.
285.
Post 9331776 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Cut your shoorts!
286.
Post 9332566 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
yawn
nothing but weekend boringness.
Nothing gonna happen today
Are you kidding? The next 24 hours are critical!
287.
Post 9334741 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
in 32 Hours the price according to my sources will be $377 (+/- 5) yea, your only "source" is being too much invested and shitting your pants because of that....pathetic.
Promise me you will re-quote this at 01:00am ( GMT - UTC) in the early hours of Monday morning.
Promise, Ha ? I don't forget things really easy and I have allot of " I told you so" ammo, I am preparing it for many bull-tards here, so don't worry.
Cup and handle forming on many exchanges.
Nicely on target for 1am UK time (clocks go back tonight in the UK) for the 377 target.
There will be some swings after we hit it. but they will be relatively small from here. We are going up from now on. After we hit the peak, we will trend sideways with slow but fairly steady growth. Some swings to keep the traders happy.
Yesterday I said we will never hit 330 ever again. Today I will say that when we hit approx 377. then I doubt we will ever see sub $350 again.
If you are shorting, consider closing and taking the hit.
$275 was the bottom 23.6% of peak ($1163).
same as $62 (23.8%) was the bottom of the April 2013 peak ($260).
You don't have to have trust in what I predict. But don't discount it.
EDIT: Cup and handle complete on some exchanges... Still not buying it, when the 1W chart show a clear sign of reversal, only then I will buy back, and I don't care if the price will be $500 by then, because I will be sure that it is a clear sign of a reversal.
you can throw your mambo-jambo reversal shit on me now, but I don't give a shit until I see it.
The shorts turned themselves into a target. It isn't pure TA. It's... the shorts got carried away and are going to get burnt now. The question is whether the burn is slow or fast.
288.
Post 9335559 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
289.
Post 9335672 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Wall Observer A free service brought to you by the bitcoin communityWhenever there is a significant change in market depth, please update this thread with a new depth chart, and a good price chart with some TA is also welcome, feel free to comment on these if you have something to worth contributing, ( if your post is not at all TA it will be
deleted )
Posting guild lines: Please lets keep this thread clean. (
I will be removing any off topic posts )
Do not post random comments on this thread, unless it is directly related to the last wall update
(ex. The 20K ask was was NOT sold into, it was removed after being tested) When you post a chart please use bitcoincharts.com, mtgoxlive.com, btccharts.com or bitcoinity.com
as requested, i have started a new thread.
this thread is now a self-moderated topic.
I will try and keep this thread clean, with only facts, current trends, past price movements, depth charts, etc.
I promise to not delete post simply because i do not agree with the bearish TA.
thank you for your input!
We needed more regulation around this bitch.
the rules of this thread is an attempt to keep this thread from having +1000 post when price is doing big moves, and instead relay important indicators during critical moments.
also when the market is more calm we can expect to see wall posts and TA price charts, back to back without any relevant chatting, making easier to analyze.
there are other threads where speculators can discuss their sentiment, just not here...
That 1000+ page thread was getting kinda useless.
thats fine too,
I'm looking for quality charts or good TA bearish or bullish.
asking good questions example....
Interesting pattern I've noticed. It's been sort of bouncing downwards for the last 4 days. Is there a technical term for this sort of thing?
is also welcome here.
just don't be posting about your "FEELINGS" and you won't get delete.
290.
Post 9338231 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
...Mainstream use of phone started like that yes.... phone technology did not. There was lots of work in infrastructure first, what we now see in bitcoinland. I'm sure with bitcoin it won't take many decades, don"t you think?
Allright, Bitcoin is more useful than the telephone. And the people who got the first phones, the early adopter visionaries, all got filthy rich.
You are either really bad at analogies or really good at creating false analogies.
291.
Post 9340668 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
Best TA ever!!!
Probably pretty accurate too
IIRC, @MagicMexican invented Dinosaur Analysis (DA). Was that one by him or by @cbeast?
I didn't claim anything. That was just a pic from the old archives. Are we supposed to reference every meme's origin now?
292.
Post 9340827 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.26h):
293.
Post 9341446 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Hey Stolfi, where are you gonna troll when Bitcoin is dead? Found another busy place yet where you can get attention 24/7? You narcissistic clown.
Oh, I have been through many topics before bitcoin, surely there will be others. The world is ours, dear colleague.
How many more years may we enjoy your company?
294.
Post 9342619 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
295.
Post 9342794 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
and growing.
Guess something big going to happens
One way or another.
Cut your shoorts!
296.
Post 9342865 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
"Strong hand builds walls, weak hands destroy them." - Ancient Chinese Proverb
297.
Post 9343132 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Well I've tried and tried to hold this thing together
But you wanted more than I could give.
...
Finally you outed yourself as someone who listens to shit.
its a song... duh
yeah...a really bad one i could have written in a drunk attempt to write a song with the intention to storm the charts but fail miserably...oh now i see the bitcoin connection
The difference between humor and odor: one is a shift of wit.
298.
Post 9343221 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
The difference between humor and odor: one is a shift of wit.
maybe one day you'll get that one yourself
I done got burned!
299.
Post 9343247 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
and growing.
Guess something big going to happens
Just thinking... how will all that shorts close their positions? I see only two options: short or long squeeze.
Could this be some form of manipulation? Maybe they are already covered?
Annnd we're at 18k shorts with no volume on BFX someone is doing something funny
Ding ding ding! Winner winner, chicken dinner!
300.
Post 9343298 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
and growing.
Guess something big going to happens
Just thinking... how will all that shorts close their positions? I see only two options: short or long squeeze.
Could this be some form of manipulation? Maybe they are already covered?
Annnd we're at 18k shorts with no volume on BFX someone is doing something funny
someone is setting up to run away with all da coinz from finex
Right! Would you really want to open shorts on a Monday morning anyway?
301.
Post 9344198 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
some reasonable movements on Litecoin.....any particular reason?
They should make litecoin into a side chain.
302.
Post 9344268 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
some reasonable movements on Litecoin.....any particular reason?
They should make litecoin into a side chain.
maybe.
But someone is buying up chunks of LTC, and BTC-e just had a dump of a few hundred BTC to 342.
Joking about the side chain. Litecoin needs to be repurposed though.
303.
Post 9344643 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
What do you get from following Bitcoin price every minute ?
You have to understand that the next few hours are critical!
304.
Post 9345136 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
I had open shorts this morning. Then I promptly zipped my fly back up as I realised why the ladies had been giving me strange looks. True story
Open shorts.. Good for nobody
Good story, bro. Always zip up when you get that look from the ladies.
305.
Post 9354164 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Either you believe that cryptocurrencies are a fad or Bitcoin is a bargain at this yearly low price. Educate yourself.
306.
Post 9354573 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
we are going nowhere but down
that's what she said
307.
Post 9365722 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
**crickets**
Sure has gotten quite around here, all of a sudden.
just a warning i had someone who owed me 6.3K usd ...told him he could pay me in bitcoin....as soon as it hits my address btc will tank
just a public service warning......I'm 4 out of 4 on such stuff no reason it won't go down 5 out of 5 in the same manner
Really? For how low a price are you willing to tank your bitcoins?
308.
Post 9366638 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
so yeah an irrational doubling of btc would be nice vs the irrational halving of price of the last few months
it should be incomprehensible in both directions imho just to be fair
The market can stay irrational longer than you can stay solvent.
John Maynard Keynes, (attributed)
English economist (1883 - 1946)
Keynes is already baked in to the price. Honeybadger isn't irrational, it just doesn't give a fuck.
309.
Post 9367017 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
In 15 days or so the myth that Bitcoin price will ever be higher than 1 year before, no matter when you bought, will be busted.
How are you feeling?
Or do you think we will see another rally in one week?
If we told you, how would it make you feel?
310.
Post 9367443 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Someone just got bored.
311.
Post 9367937 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Ok so here it is...
sit back and watch the show
312.
Post 9368618 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
It's going to be tough even if we do see a rise, as there are probably a lot of bagholders that would love to get out if it hits the price they bought in at so their spouses don't divorce them for losing half their life savings or whatever.
313.
Post 9368985 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
314.
Post 9371736 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
By the way, while I belive that bitcoin will not survive in the long term, I would not risk any prediction for the price in middle term. It may even go back to the 1000$ range or more, who knows. All I will risk saying is that, unless and until a large new market opens, the price will probably keep falling towards the pre-bubble level of ~120$ (or even ~20$, if the Feb/2013 bubble too was made in China).
The markets are already there. It's a few bureaucrat luddites pissing in the soup that keep the doors closed. When the media starts loving bitcoin it will come back.
315.
Post 9371818 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
As far as the rumors say Jorge was the one that originally invented bitcoin, but someone drugged him, stole his code and destroyed every backup of it.
That´s what they on the street at least. He seems to be on a vengeance now. Can´t blame him for that.
Sounds like a logical sequence of events. I agree.
Wasn't he going to call it NapCoin?
316.
Post 9372652 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
After Quantitative Easing ends, Quantitative Assistance begins. Free money for the poor and high flat tax with loopholes for the rich. BAU.
317.
Post 9372735 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
When the toothless bearwhales are done, the sharks will come.
318.
Post 9372811 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
>Because people buy, hold, and speculate in Bitcoin (this thread) to save kittens.
Also babies, puppies, and rainbows. Now you are starting to get it. If you want to know how, you'll have to ask, but I'm sure you are not interested in the motives of others.
319.
Post 9373038 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
>Because people buy, hold, and speculate in Bitcoin (this thread) to save kittens.
Also babies, puppies, and rainbows. Now you are starting to get it. If you want to know how, you'll have to ask, but I'm sure you are not interested in the motives of others.
Are you being intentionally daffy, or did your mind finally snap due to devastating (and, frankly, predictable and therefore embarrassingly avoidable) financial losses?
Classic defensive response. He's obviously suffering from neurotic trauma stemming from his epic weak hands.
320.
Post 9377250 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
BTC private key is a stealth weapon when dealing with divorce
Make sure it's an encrypted key and the public address is destroyed.
321.
Post 9377374 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
vodka straight up... not for everyone...
i made vodka for a personal science project... it tastes like water when u done it right
i bought this shit off the indians, it BURNS! pretty sure it more like 90% not 40% and its cheeeeeep!
Paleface newbie.
322.
Post 9377993 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
323.
Post 9379370 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.
324.
Post 9379395 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.
you are delusional, you are feeding the bear market.
Do bears not bleed? Now who is delusional?
325.
Post 9379632 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
I used to think that BTC will experience at least one more bubble before it's final demise, but it doesn't look like it anymore.
I think that the fall of bitcoin will be caused mainly by one of it's biggest flaws - inefficient new coin creation. The bitcoin network has become too expensive to run, and it needs more and more new money to enter, just to sustain it's value. If not enough new money will enter, then mining will start to eat the dollar value of bitcoin. Some miners are claiming that they will temporary cover the losses and wait for better times to sell. Some of them outright lie to support the positive sentiment and some of them actually can cover their losses for a limited time. This also means that their coins will be accumulating together with their losses. This is only building up to an avalanche where the miners can't cover their losses anymore and they have to sell their coins to whatever the price that they can get. When this happens, then the amount of coins that will be thrown at the market will be large enough to destroy any trust that bitcoin still had left.
Cryptocurrencies will live on, but new and better models will take over that have solved the important problems that bitcoin has.
replace bitcoin with government and miners with banks and you'll be spot on.
326.
Post 9380100 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
I used to think that BTC will experience at least one more bubble before it's final demise, but it doesn't look like it anymore.
I think that the fall of bitcoin will be caused mainly by one of it's biggest flaws - inefficient new coin creation. The bitcoin network has become too expensive to run, and it needs more and more new money to enter, just to sustain it's value. If not enough new money will enter, then mining will start to eat the dollar value of bitcoin. Some miners are claiming that they will temporary cover the losses and wait for better times to sell. Some of them outright lie to support the positive sentiment and some of them actually can cover their losses for a limited time. This also means that their coins will be accumulating together with their losses. This is only building up to an avalanche where the miners can't cover their losses anymore and they have to sell their coins to whatever the price that they can get. When this happens, then the amount of coins that will be thrown at the market will be large enough to destroy any trust that bitcoin still had left.
Cryptocurrencies will live on, but new and better models will take over that have solved the important problems that bitcoin has.
replace bitcoin with government and miners with banks and you'll be spot on.
I don't care much about anti-government agendas and other expressions of teenage rebellion. I care about finding a practical financial tool, that can be used to develop both the finance and the economy. Bitcoin was the first to show that open-sourced monetary systems can be done, and I am thankful for that. But sadly, bitcoin the currency just isn't advanced enough to be used as a practical tool. The blockchain technology can be used as a practical tool to implement into new and better currencies, and the idea of bitcoin can be used as an source of inspiration for new cryptographic innovations.
Bitcoin the currency itself, is just a slot machine, that is shrouded with virtuous looking illusions. People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". The sad thing is, that if they can't see how it's really just a slot machine, then they can't also see that the machine is rigged to create profit for the house - the biggest holders of coin, and the people who run the unregulated exchanges. They have the power to raise or lower the price as they see fit, while having private information about their customers trading methods and habits.
A practical currency should be unattractive for speculative play, so gamblers who cause instability would stay away. A practical currency should be attractive to merchants, and without the need of middlemen like BitPay who take profit for offering stability. The technology can be used to make money efficient and cheap (the cost of maintaining the monetary system). Bitcoin the currency is far from realizing the potential, and as long as the core devs aren't considering changing PoW mining and fixed coin supply, then I just can't see a way for that to change.
Idle speculation.
Worse. Armchair Philosophy.
327.
Post 9380170 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...
Naah... You think?
vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO
buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.
328.
Post 9380183 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
...
Worse. Armchair Philosophy.
...because REAL philosophizing is done on the football field
You're in real form today. That metaphor was mixed worse than an Appleby's cocktail.
329.
Post 9380189 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...
Naah... You think?
vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO
buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.
His wife left him because Bitcoin. Case in point.
Thanks Dr Phil.
330.
Post 9380432 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...
Naah... You think?
vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO
buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.
His wife left him because Bitcoin. Case in point.
Thanks Dr Phil.
What don't you get? A d00d's life gets ruined by Bitcoin, he gets hammered so he could continue "investing" in this "disruptive technology."
You must write for coindesk. Is this tomorrows headline? Personally, I think it's going to work out for him. Wife leaves because golddigger, then he gets rich and upgrades.
331.
Post 9380697 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...
Naah... You think?
vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO
buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.
His wife left him because Bitcoin. Case in point.
Thanks Dr Phil.
What don't you get? A d00d's life gets ruined by Bitcoin, he gets hammered so he could continue "investing" in this "disruptive technology."
You must write for coindesk. Is this tomorrows headline? Personally, I think it's going to work out for him. Wife leaves because golddigger, then he gets rich and upgrades.
Coindesk? You mean Bitcoin's premiere publication? No.
His wife will likely come back.
Women forgive.
That's not to say that Bitcoin didn't damage his life as much as any of the more common addictions, like smoking crack.
I'm sure he'll thank you for calling his wife a gold digger when he sobers up.
I suppose you would be on your hands and knees begging forgiveness. If you've lived as long as I have you would know that things like Bitcoin don't come around often. Relationships are like the seasons. I envy a man (or that rare woman) that finds real passion in life. Calling Bitcoin a gamble just shows that you are a hammer.
332.
Post 9380820 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...
Naah... You think?
vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO
buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.
His wife left him because Bitcoin. Case in point.
Thanks Dr Phil.
What don't you get? A d00d's life gets ruined by Bitcoin, he gets hammered so he could continue "investing" in this "disruptive technology."
You must write for coindesk. Is this tomorrows headline? Personally, I think it's going to work out for him. Wife leaves because golddigger, then he gets rich and upgrades.
Coindesk? You mean Bitcoin's premiere publication? No.
His wife will likely come back.
Women forgive.
That's not to say that Bitcoin didn't damage his life as much as any of the more common addictions, like smoking crack.
I'm sure he'll thank you for calling his wife a gold digger when he sobers up.
I suppose you would be on your hands and knees begging forgiveness. If you've lived as long as I have you would know that things like Bitcoin don't come around often. Relationships are like the seasons. I envy a man (or that rare woman) that finds real passion in life. Calling Bitcoin a gamble just shows that you are a hammer.
>Bitcoin more important than wife and kids.
You're
worse than a crackhead, bro.
A false quote? Oh no you di'uhn. Now who's on crack?
333.
Post 9380949 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...
Naah... You think?
vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO
buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.
His wife left him because Bitcoin. Case in point.
Thanks Dr Phil.
What don't you get? A d00d's life gets ruined by Bitcoin, he gets hammered so he could continue "investing" in this "disruptive technology."
You must write for coindesk. Is this tomorrows headline? Personally, I think it's going to work out for him. Wife leaves because golddigger, then he gets rich and upgrades.
Coindesk? You mean Bitcoin's premiere publication? No.
His wife will likely come back.
Women forgive.
That's not to say that Bitcoin didn't damage his life as much as any of the more common addictions, like smoking crack.
I'm sure he'll thank you for calling his wife a gold digger when he sobers up.
I suppose you would be on your hands and knees begging forgiveness. If you've lived as long as I have you would know that things like Bitcoin don't come around often. Relationships are like the seasons. I envy a man (or that rare woman) that finds real passion in life. Calling Bitcoin a gamble just shows that you are a hammer.
>Bitcoin more important than wife and kids.
You're
worse than a crackhead, bro.
A false quote? Oh no you di'uhn. Now who's on crack?
Wife leaves because Bitcoin.
"Wife leaves because golddigger, then he gets rich and upgrades."
Family, with kids, breaks up because Bitcoin.
"Bitcoin don't come around often. Relationships are like the seasons."
Those are quotes.
Worse than a crackhead.
When were children mentioned? How do you know he has children?
334.
Post 9381002 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
...People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". ...
Naah... You think?
vodka straight up... not for everyone...
oh ya i;m gana puke...
...
LMAO
buy Buy BUY!!!!!!!!!!!!
He's having chick problems. Give the kid a break.
His wife left him because Bitcoin. Case in point.
Thanks Dr Phil.
What don't you get? A d00d's life gets ruined by Bitcoin, he gets hammered so he could continue "investing" in this "disruptive technology."
You must write for coindesk. Is this tomorrows headline? Personally, I think it's going to work out for him. Wife leaves because golddigger, then he gets rich and upgrades.
Coindesk? You mean Bitcoin's premiere publication? No.
His wife will likely come back.
Women forgive.
That's not to say that Bitcoin didn't damage his life as much as any of the more common addictions, like smoking crack.
I'm sure he'll thank you for calling his wife a gold digger when he sobers up.
I suppose you would be on your hands and knees begging forgiveness. If you've lived as long as I have you would know that things like Bitcoin don't come around often. Relationships are like the seasons. I envy a man (or that rare woman) that finds real passion in life. Calling Bitcoin a gamble just shows that you are a hammer.
>Bitcoin more important than wife and kids.
You're
worse than a crackhead, bro.
A false quote? Oh no you di'uhn. Now who's on crack?
Wife leaves because Bitcoin.
"Wife leaves because golddigger, then he gets rich and upgrades."
Family, with kids, breaks up because Bitcoin.
"Bitcoin don't come around often. Relationships are like the seasons."
Those are quotes.
Worse than a crackhead.
When were children mentioned? How do you know he has children?
Children were mentioned by Adam. Feel free to ask him once he sleeps it off.
Yeah, I don't think so. I think you are just making shit up like you always do. Just stop judging AdamstgBit and let him live his life on his own terms. Who the fuck do you think you are to say he has a problem? Are you a fucking psychic? Should I be calling your 900 number?
335.
Post 9381124 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Bitcoin more important than kids? All wars are bankers wars and it looks like they're aiming for another big one. Kids don't conform to the expected 250lbs+ plus $3k+ of designer labels compared with kids sent to die in another war about power and deception.
Babies, puppies, and rainbows, that's what Bitcoin is made for. Finally someone that gets it. Save people, save the environment, save the future.
336.
Post 9381161 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Bitcoin more important than kids? All wars are bankers wars and it looks like they're aiming for another big one. Kids don't conform to the expected 250lbs+ plus $3k+ of designer labels compared with kids sent to die in another war about power and deception.
WTF are you talking about? A guy breaks up his family because of a gambling problem, and you bring up tired evol bankster cliches?
Everything has to be about you? You are forgotten.
337.
Post 9381193 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Bitcoin more important than kids? All wars are bankers wars and it looks like they're aiming for another big one. Kids don't conform to the expected 250lbs+ plus $3k+ of designer labels compared with kids sent to die in another war about power and deception.
Babies, puppies, and rainbows, that's what Bitcoin is made for. Finally someone that gets it. Save people, save the environment, save the future.
D00d, at first I thought you were trolling, but you really are a mess.
It's tragic that inability to be self-critical is the fundamental part of your psychosis--you'll never know you're sick. You'll never get help.
Are you playing doctor or psychic now? I can't keep track.
338.
Post 9381237 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Bitcoin more important than kids? All wars are bankers wars and it looks like they're aiming for another big one. Kids don't conform to the expected 250lbs+ plus $3k+ of designer labels compared with kids sent to die in another war about power and deception.
Babies, puppies, and rainbows, that's what Bitcoin is made for. Finally someone that gets it. Save people, save the environment, save the future.
D00d, at first I thought you were trolling, but you really are a mess.
It's tragic that inability to be self-critical is the fundamental part of your psychosis--you'll never know you're sick. You'll never get help.
Are you playing doctor or psychic now? I can't keep track.
Of course you can't. You're ill.
You aren't even trying to be clever. Now you are just boring, and ignored.
339.
Post 9381261 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Just one thing:
"Forget the wife, he'll get rich"?
^^^^
That's fucked up bruh.
Who said that? Probably you are trolling.
340.
Post 9381276 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Choose the moon!
By the end of this decade, Bitcoin will be on the moon! You can quote me on that.
341.
Post 9381380 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
Bitcoin more important than kids? All wars are bankers wars and it looks like they're aiming for another big one. Kids don't conform to the expected 250lbs+ plus $3k+ of designer labels compared with kids sent to die in another war about power and deception.
Babies, puppies, and rainbows, that's what Bitcoin is made for. Finally someone that gets it. Save people, save the environment, save the future.
Or keep drinking the coolaid and pretend Saddam had WMDs, Afghanistans opium production was stopped and all the other BS excuses used to justify theft with violence. Most folks looking at Bitcoin don't get just how important it is, if its not one set of power hungry bastards using rigged economies as means of control then it will be another and when the house of cards collapses lives become the currency on the bottom line, happens every time. Ironic that Bitcoin could actually hasten another war instead of preventing it though, the crypto genies out of the bottle and central banking is on an evolutionary dead end. The only sure way of putting the genie back in the bottle is blocking global communications and the only justifiable (lol) way of doing that...
It took decades for people to figure out how to harness the power of Uranium. Now we have thousands of bombs aimed to kill us all a hundred times over... all in the name of peace. Bitcoin will replace those bombs by keeping the reins of power bridled. Money is not a weapon of warmongers.
342.
Post 9381610 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.27h):
I still have orders to go in under 300. Pray for the best, expect the worst.
343.
Post 9382078 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
I see that there is some really strong support at $0, no way we go under that...
Trust me, someone will try to make a debt based coin, and someone else will buy it. Oh wait, Ripple.
344.
Post 9382601 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
It took decades for people to figure out how to harness the power of Uranium. Now we have thousands of bombs aimed to kill us all a hundred times over... all in the name of peace. Bitcoin will replace those bombs by keeping the reins of power bridled.
It will cure cancer, and ward off evis spirits too.
At the very least a few trolls.
345.
Post 9389070 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Guy got 259 upvotes for my updated bubble graph and didn't even credit MrPiggles
You forgot to watermark it.
346.
Post 9390110 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Will feel great when investment bankers start pumping.
unless banker think like warren buffet and regard ripple as a blank cheque. (u dont pump on blank cheque right ?)
First, I admit to understanding very little of what you said. Second, why not?
Buffett: “It’s a mirage basically, it’s a method of transmitting money, it’s a very effective way of transmitting money and you can do it anonymously and all that… a check is a way of transmitting money, too. Are checks worth a whole lot of money?”
Will there only ever be 21 million checks?
Exactly. Buffett doesn't need to worry about the new technologies because he's mature and mature-means-old-and-old-means-dead.
347.
Post 9390128 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
When is the next round of US Marshal's office bitcoin dumping?
348.
Post 9390137 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Will there only ever be 21 million checks?
Will there be only one cryptocoin?
Will there ever be only one internet?
349.
Post 9390196 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
EDIT: This should have been posted in the gold collapsing thread...
you mean the "sidechain" thread
OMG, we're not going to start side chaining threads now? My head will explode.
350.
Post 9390245 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Will feel great when investment bankers start pumping.
unless banker think like warren buffet and regard ripple as a blank cheque. (u dont pump on blank cheque right ?)
First, I admit to understanding very little of what you said. Second, why not?
Buffett: “It’s a mirage basically, it’s a method of transmitting money, it’s a very effective way of transmitting money and you can do it anonymously and all that… a check is a way of transmitting money, too. Are checks worth a whole lot of money?”
The more I hear Buffett talk about Bitcoin the more certain I am that Bitcoin will succeed. What happens when rich people start to actually understand Bitcoin, it obviously hasn't happened yet.... holy shit
OTOH he is probably buy bitcoins on the down low, like he did with IBM stock.
351.
Post 9390288 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Will there only ever be 21 million checks?
Will there be only one cryptocoin?
Will there ever be only one internet?
This is really an interesting question. What is stopping the creation of Internet 2, Internet 3, and so on?
And yes, this question is really answering to the previous question, similar to the other thread on "Answering the question with another question".
Actually Bitpay may be creating Internet 2.0
352.
Post 9390402 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Will there only ever be 21 million checks?
Will there be only one cryptocoin?
Will there ever be only one internet?
Yes there is more than one cryptocoin.
I started one today with the exact same code as bitcoin but with one difference, it's called bitcoin2.
It has a network difficulty of 1 and is completely useless.
OK, let's put it another way: why are you certain that Litecoin will die, and Bitcoin will not? Or Dogecoin, or any other cryptocoin, existing or to be created?
Or, said another way: why is Litecoin unsuitable for e-payments, concretely?
Do altcoins need to die? Maybe they will find their niche. Maybe Bitcoin will become so big it becomes politically charged and an altcoin becomes it's rival?
353.
Post 9391516 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Because Bitcoin is dying, people are throwing more money into mining.
354.
Post 9391538 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Because Bitcoin is dying, people are throwing more money into mining.
Huh
i kept rereading this but it still makes no sense. Sarcasm?
It would be sarcasm if it wasn't true. Logic has nothing to do with it.
355.
Post 9391802 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Because Bitcoin is dying, people are throwing more money into mining.
according to KNC, the mining cost of bitcoin is significantly below $400, i think it's around $170 per coin and they are trying hard to mine more and dump more
KNC 3T miner at 1710 Watts: $5995 (of cause the cost of manufacture is under $3000)
mine 1 bitcoin: 3.412 week, Power Cost: $98
let's say you mine 50 bitcoins and stop mining, cost per coin:
$158I'm surprised a high capacity fab isn't manufacturing better ASICs yet.
356.
Post 9394036 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Just wanted to mention that my new house is completed:
That short guy sure likes to look up at big long columns.
357.
Post 9401154 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Looks like rule of thirds is going to break. Down we go.
358.
Post 9401401 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Down we go.
going up from here
Rule of thirds and superstitious numbers is my predictive tool for price. 30s and 60s have the most resistance. 333 is a very strong number, but it may not hold. The next number is pop culture 300. That's when the Hodlers scream.
359.
Post 9401416 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
I'm guessing KNC will soon start selling miners again. lol
360.
Post 9401425 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Sorry guys, i'm cutting my loose
keeping some ammo for $2xx ish, more and more probable now.
Another early adopter has found his exit. The feedback loop begins?
Nope because when it takes off, the boat won't wait for orders. Deals are already made to cut civilians out of the bitcoin buyer's club.
361.
Post 9402313 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
BTC was on that nasa rocket yesterday, moon cancelled
Nah, it's recalculating a slingshot for mars.
362.
Post 9405836 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
Bitcoin is MATH, not METH, Porkchop.
363.
Post 9405883 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
NotLambchop
Unignore
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Today at 06:08:26 PM
Show/Hide
This user is currently ignored.
I wish people would stop quoting trolls.
364.
Post 9408740 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
What?
Are you telling me if Satoshi comes and dumps off exchange 1 million bitcoins would be bullish for the price because lot of people would be buying?
When you sell something in the other side there is a buyer... that's granted. But what matters is sellers to buyers ratio. If you have more sellers price go down...
That's pretty simple, dude...
That would be like the equivalent of the end of Mt Gox. It would remove the Sword of Damocles and confidence would boom. That one million bitcoins would be eaten like chow in a mess hall.
365.
Post 9408865 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.28h):
What?
Are you telling me if Satoshi comes and dumps off exchange 1 million bitcoins would be bullish for the price because lot of people would be buying?
When you sell something in the other side there is a buyer... that's granted. But what matters is sellers to buyers ratio. If you have more sellers price go down...
That's pretty simple, dude...
That would be like the equivalent of the end of Mt Gox. It would remove the Sword of Damocles and confidence would boom. That one million bitcoins would be eaten like chow in a mess hall.
But we are speaking about short term price. That would drive the price instantly to something ridiculously low for a long time.
How can be that a bullish scenario in the short term?
Quite the opposite. It's the worry about the bitcoins that are not being sold (hence the low volume) that is keeping price down. Sure the price will go way down, because exchanges still use the Mt Gox model. If bitcoins were only sold through brokers and ATMs, the market would not be nearly so volatile.
366.
Post 9431109 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Twitter was brutal on the Winklevoss twins ...
Bankers calling the Winklevii boring.
367.
Post 9431554 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Can you say more about this "failed attempt to consolidate"? Who was trying to consolidate it and why do you think they failed?
Idk, this kind of language is just so tired. Most people here don't actually understand market dynamics and just repeat the same blather about pumps and dumps.
I don't disagree with you though, it's a scary time to go long, but at the same time - also a scary time to short.
I'm not saying either is a great time to short at this current level. I'm saying is time to stay in fiat and wait until we have a confirmation of where bitcoin is going.
Great shorting level was at $390 after failed breakout.
BitChick was the one telling bitcoin price was consolidating in October, not me. I just told her bitcoin price didn't consolidate (and to be honest it didn't was able to even try it).
Unless Bitfinex goes offline when the next breakout begins. Then you will be stuck with fiat. These unregulated exchanges tend to do that during panics.
368.
Post 9431669 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Unless Bitfinex goes offline when the next breakout begins. Then you will be stuck with fiat. These unregulated exchanges tend to do that during panics.
You're assuming most of my fiat is in an exchange. That would be reckless.
Of course not. I am saying you will be excluded from purchasing bitcoins until the panic buying ended at a much higher price, unless of course you already have a contractual agreement to make OTC purchases.
369.
Post 9432983 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
If someone will try to sold 24000 we will hit the bottom for sure, don't belive in the same scenario as it was on 300usd again
People weren't ready for bear-whales gift last time.
370.
Post 9433239 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
For all the new trolls 6 years late to the Game of Bitcoins: How does it feel to have missed out on the <$3 price?
371.
Post 9434810 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Bankers calling the Winklevii boring.
From what I've seen, they don't seem to be very well spoken.
Those weren't bankers making the Twitter comments.
Those were innovators in the
electronic payments and cashless society -- entrepreneurs getting their lunch eaten up by Apple Pay.
Like I said, bankers. Right up there with spies, rap stars, and jet pilots.
372.
Post 9437669 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Good morning (afternoon?) Bitcoinland. Same price as yesterday I see.
Guess I'd better go down the street and buy another coin or two.
But first, mmmmmm coffee, mocha-java, full city roast.
373.
Post 9441417 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Looks like we're back into a rule of thirds cycle. We should rally strongly to 366 USD and the lucky CNY 2222.
374.
Post 9441465 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Looks like we're back into a rule of thirds cycle. We should rally strongly to 366 USD and the lucky CNY 2222.
I have 10 waiting to sell at $350. You dare me to pull it and put them at $365.
Will you give me the $150 if you're wrong
What's in it for me?
375.
Post 9441516 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Looks like we're back into a rule of thirds cycle. We should rally strongly to 366 USD and the lucky CNY 2222.
I have 10 waiting to sell at $350. You dare me to pull it and put them at $365.
Will you give me the $150 if you're wrong
What's in it for me?
i'll give you $1.50 if you're right
Better yet, why don't you just sell your bitcoins now then you can gloat if you are right.
376.
Post 9441826 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
The bears are getting sleepy.
377.
Post 9441931 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
378.
Post 9441940 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Is SA back?
379.
Post 9441948 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Antonopoulos vs Rickards?
380.
Post 9442085 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
You don't like the washington times? what's wrong with a paper founded by the self proclaimed messiah "the instrument in spreading the truth about God to the world"?
It clearly doesn't have any agenda
Actually it's their dock crew when I hauled their loads of paper. They were really asshats to the drivers.
381.
Post 9464066 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
^Less talkee, more buyee, Roundeye!
I should not be feeding the troll but I have to say I like your posted images. But please try to avoid reposting images, it just goes to show that you are lazy and not working on new ones. You are not paid for reposting images, anyone can do that.
Dear finance aficionado calling yourself mooncake:
While the thought of exposing you to art--watching a young simpleton from some God-forsaken backwater blossom into an urbane aesthete under my strict tutelage--is not untempting, the realist in me insists that I not throw my pearls at your trotters.
May I instead suggest a night class at your local church or government sponsored adult education facility?
Or a nice coloring book?
Don't you have KPIs to meet? I'm sure reposting images are not part of them, working on images are, right?
If you tell me who your sponsors are, I will need to report this to them. Their hired troll is not working as hard as he should be!
Whatever he's doing, keep it up. Bitcoin is growing and rising.
382.
Post 9464792 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Three Chains for the Vampire Squids under the Blythe,
Seven for Broker-lords in their halls of bones,
Nine for the Occupiers doomed to die,
One for the Dark Lord on his squatted throne
In the land of Dimon where the bankers lie.
One Chain to bridge them all, One Chain to bind them,
One Chain to peg them all and in the dark web mine them
In the land of Dimon where the bankers lie.
383.
Post 9465709 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Why does anyone care about a drug dealing website? Sorry SOBs think they're Heisenberg because they use Bitcoin.
384.
Post 9466314 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Why does anyone care about a drug dealing website? Sorry SOBs think they're Heisenberg because they use Bitcoin.
Do you think pharmacists are sorry SOBs too? Selling drugs and all....
Some of the ones that push big Pharma crap, yes. They know their stuff is worthless. But that's not the point. SR is a black market and you never know what you will get. I have black markets all around my house. I would never buy medicine from them.
385.
Post 9466400 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Why does anyone care about a drug dealing website? Sorry SOBs think they're Heisenberg because they use Bitcoin.
Do you think pharmacists are sorry SOBs too? Selling drugs and all....
Some of the ones that push big Pharma crap, yes. They know their stuff is worthless. But that's not the point. SR is a black market and you never know what you will get. I have black markets all around my house. I would never buy medicine from them.
The amount of shit I have bought on ebay (a
white? market) that doesn't work. Anything under $5.00 doesn't work, and isn't worth the return postage to get the refund. An excellent scam. Similar for Amazon. Amazon have also wrongly sent me items that I didn't order, and taken the money from my card without my authorisation.
I think the silk road was a positive thing, as are other "dark markets." Anyone with a conscious brain knows the war on drugs is both a failure at its stated objective and immoral. It has become a war on the poor and mentally ill.
"From an economic perspective, the purpose of America's war on drugs is to maintain the business model of drug cartels." Silk road did undermine that horrible business model. It was beautiful, and now the site is covered with the graffiti of three letter agencies marking their territory like the canines that they are.
So don't buy shit online. Go to the mall like normal people.
386.
Post 9466866 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
Normal people don't buy shit online? Maybe not worldwide, but in the "west" people buy a lot of shit online.
Yeah and they don't whine about it like you trolls. Any more trolls take the response out of context will be ignored.
387.
Post 9466880 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
If you don't like Amazon or ebay purchases complain to your credit card or stfu.
388.
Post 9467303 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
I rarely ignore legends but.....you seem a little unpleasant to talk to. Reminding me of our old pal shroomsy.
I mean seriously, folks complaining about a criminal drug dealer getting arrested. Maybe you never had a relative die from addiction. I have the high moral ground on this point.
389.
Post 9467401 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
I rarely ignore legends but.....you seem a little unpleasant to talk to. Reminding me of our old pal shroomsy.
I mean seriously, folks complaining about a criminal drug dealer getting arrested. Maybe you never had a relative die from addiction. I have the high moral ground on this point.
Which is?
I'm not hear to hold your hand. I made declarative statements as responses that were quoted out of context. I don't need to repeat myself.
390.
Post 9467507 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
We're rooted into a rule of thirds cycle. Since it's holding strong over 330, we'll see testing at 360 soon. The 15 point spreads are strong.
391.
Post 9467535 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.29h):
I rarely ignore legends but.....you seem a little unpleasant to talk to. Reminding me of our old pal shroomsy.
I mean seriously, folks complaining about a criminal drug dealer getting arrested. Maybe you never had a relative die from addiction. I have the high moral ground on this point.
For one, they're not complaining as much as marveling at his stupidity. For another, your relative made the choice to do whatever drug they did, and if drugs were decriminalized or even legalized, your relative may have found it easier to get help for their problem.
Now you're politicking. Yeah that relative was a dumbass. If you want drugs see a doctor or change your laws. Complaining on a forum won't do anything for you.
392.
Post 9476793 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.30h):
it's amazing, literally amazing how all these bear trolls got in under $10 and sold off at over $1000
they all have perfect timing.
Not a single one missed the boat, or is bitter about it, they all "got lucky" then turned bearish.
Apart from the mathematically challenged mathematician of course, he never got on board because he knew all along that he'd double his ripple daily until he had $100 billion
Those who were greedy waiting for their delusional 100k/coin prices got screwed or missed out on some awesome profit. The signs were there that the market could turn at any time, so those who took profit on the way up made out, and those that didn't, didn't.
I remember there being a guy on here who bragged about his strategy of buying at the all-time high and it being fine because it's made him money up to this point. The idea being that every time it hits the ATH it breaks it. Clearly this couldn't go on forever, but in this person's mind it could. When people start acting like that, it's time for smart holders to be very nervous.
That's exactly what people said about $33 and $266 and will say again at $xxxx
393.
Post 9527252 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
Just saying.
394.
Post 9527304 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
395.
Post 9528287 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
Is it me or is it clearly the almost single wrong moment this year to sell BTC?
Depends on what you think BTC price will do next, not based on where it currently is.
especially the next 24 hours.
396.
Post 9529100 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
It's not yet confirmed, but I have it from reliable sources that Bitcoin is dead.
397.
Post 9537189 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
These pump and dumps are beyond my understanding again. Oh never mind I guess.
This is the first step to enlightenment, Grasshopper.
398.
Post 9541792 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
If this is wave 3 it will be crazy
Too soon.
It's wave 27 doncha know. Noobs.
wave will come from ripple
Is that a metaphor?
399.
Post 9541992 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
This feels like someone is just trolling, as in the fishing method of slowly traversing over shoals with multiple forms of tackle.
400.
Post 9542051 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
Lemme help some of you new guys out. Whenever you see things like market price setting at $399.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.
If you believe that, let me tell you the one about the weekend dip.
401.
Post 9542117 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
402.
Post 9542183 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
Not the smartest way to suicide, but whatever...
Some folks just don't get trains.
403.
Post 9542429 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
I'm guessing they are holding it down to under 400 USD and 2400 RMB to attract buy walls. Then another dump.
404.
Post 9542619 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
What is going on
What's going on is we're up over 16% since a week ago. That in itself is pretty crazy, anything above 400 at this time is just incredible.
We're down 7.5% in 24hrs
We?
405.
Post 9542649 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
What is going on
What's going on is we're up over 16% since a week ago. That in itself is pretty crazy, anything above 400 at this time is just incredible.
We're down 7.5% in 24hrs
We?
We.
Welcome aboard Bitcoin hodler!
406.
Post 9542766 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
What is going on
What's going on is we're up over 16% since a week ago. That in itself is pretty crazy, anything above 400 at this time is just incredible.
We're down 7.5% in 24hrs
We?
We.
Welcome aboard Bitcoin hodler!
I still hold some coin. How many times does that need to be repeated?
I've not noticed you having a problem with repeating yourself.
407.
Post 9542810 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
...
I've not noticed you having a problem with repeating yourself.
>I've not noticed
Where are you from, cbeast?
Someplace that doesn't care about grammar Nazis.
408.
Post 9542893 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
...
I've not noticed you having a problem with repeating yourself.
>I've not noticed
Where are you from, cbeast?
Someplace that doesn't care about grammar Nazis.
Where is that, cbeast? Where do kids who dropped out of school to huff gasoline and invest in Bitcoin hang out?
Bitcointalk
409.
Post 9542925 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
I wish we would go back to last year. A normal buy and sell market. This is ridiculous. It's worse than the shittiest pump and dump coins out there.
At least we would still have Mt Gox to blame.
410.
Post 9542960 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
...
I've not noticed you having a problem with repeating yourself.
>I've not noticed
Where are you from, cbeast?
Someplace that doesn't care about grammar Nazis.
Where is that, cbeast? Where do kids who dropped out of school to huff gasoline and invest in Bitcoin hang out?
Bitcointalk
Chronic abuse of organic solvents sure explains some of the thinking here.
Pot. Kettle. Black.
411.
Post 9543086 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
...
I've not noticed you having a problem with repeating yourself.
>I've not noticed
Where are you from, cbeast?
Someplace that doesn't care about grammar Nazis.
Where is that, cbeast? Where do kids who dropped out of school to huff gasoline and invest in Bitcoin hang out?
Bitcointalk
Chronic abuse of organic solvents sure explains some of the thinking here.
Pot. Kettle. Black.
Shortened attention span and unabashed displays of stupidity are symptomatic of your condition.
Though the effects of your misspent youth are generally irreversible, today's potent pharmachemicals may offer at least partial, symptomatic relief.
How did that make you feel?
412.
Post 9543117 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
...
I've not noticed you having a problem with repeating yourself.
>I've not noticed
Where are you from, cbeast?
Someplace that doesn't care about grammar Nazis.
Where is that, cbeast? Where do kids who dropped out of school to huff gasoline and invest in Bitcoin hang out?
Bitcointalk
Chronic abuse of organic solvents sure explains some of the thinking here.
Pot. Kettle. Black.
Shortened attention span and unabashed displays of stupidity are symptomatic of your condition.
Though the effects of your misspent youth are generally irreversible, today's potent pharmachemicals may offer at least partial, symptomatic relief.
How did that make you feel?
I find helping the differently-enabled such as you somewhat rewarding, but sorta meh
Maybe you'll do better next time.
413.
Post 9543563 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.31h):
To the rest of you degenerate Bitcoiners: YOU CAN NOT HIDE!
P.S: We have milk and cookies!
414.
Post 9557408 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
Watching the G20 GDCC livestream. Bullish!
415.
Post 9561982 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
Given their logic, regulations will crush everything! I don't think people think BTC will be the thing when it comes to cryptocurrency (it may, but usually, the first try at something will fail) - but there will be some new crypto.
I keep hearing people say this, but they offer no ideas that work. It's like saying that airplanes will be obsolete because we will have teleporters someday. It's just fantasy dreaming when we have something that works today.
416.
Post 9562140 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
The weekend dip is nearly over.
417.
Post 9570665 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
market seem more interesting, the next 24 hours is critically gentlemen !!!
EDIT ::: breakout into 420 within 24 hours
Sounds like a party.
418.
Post 9571717 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
http://www.usmarshals.gov/assets/2014/dpr-bitcoins/THIS SEALED BID AUCTION IS FOR A PORTION OF THE BITCOINS CONTAINED IN WALLET FILES THAT RESIDED ON CERTAIN COMPUTER HARDWARE BELONGING TO ROSS WILLIAM ULBRICHT, THAT WERE SEIZED ON OR ABOUT OCTOBER 24, 2013 (“COMPUTER HARDWARE BITCOINS”).
Anybody want 50000 BTC?
Here we go again!
419.
Post 9571793 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
President Reagan loved decentralization.
420.
Post 9575590 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
I'm just here to pick up cheap posts before they hit 10k.
421.
Post 9576277 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
Oh my dog, hundreds of very meaningful posts here have suddenly disappeared.
Sometimes people do things they regret.
422.
Post 9576341 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
I can only imagine adamstgBit rolling in his pile of OVER 9000 pages every night!
423.
Post 9576734 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
Nice pump and dump. So unexpected.
Pump: Shake the tree
Dump: Identify the weak hands and non-believers
Put on spin cycle for 2 years
When they have left, watch the pension funds create headlines about BTC reaching $100,000 per coin.
Big money needs more coins and they need you all to sell all of your coins to them derp cheap.
The bitcoin holdings landscape will look very different 2-3 years from now
Ah, the big money myth. Always goes well with the weak hands myth.
600M invested by Bitcoin VCs isn't big money to you. It's probably more money than you have anyway. Postmodern skepticism is boring.
424.
Post 9578930 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
Bitcointalk.org is too centralized. This deletion attack will damage its reputation as the center of troll free discourse on the topic of Bitcoin.
425.
Post 9581707 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
Just thought I'd share because ninja.
426.
Post 9581760 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.32h):
I suspect people are dumping their bitcoins to get money to bid on the DPR stash.
Wouldn't it be funny if that actually worked.
427.
Post 9592530 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
So you've already convicted Mr. Dread?
Or is it just poor reading comprehension?
If course it was a typo. I was thinking about your post and Miz4r's post at the same time.
Whether or not Ross is DPR, and whether or not he's committed any crimes, the prosecutors have a very strong financial incentive to convict him.
Their only goal is to convict him(*) - not to determine the truth of his guilt.
Knowing this, Ross should know that minimizing the financial incentive they have to push for his conviction is in his best interests, so he'd want the coins they seized from him to be sold as cheaply as possible.
* Well-known features of the US "adversarial" court system
And of course it is the reverse onus for Ross to sue to get his money back after being acquitted. And then he may face civil court for wrongful citizenship by living in a country that treats everyone like criminals. Ok, the last one is hyperbole, but not far from reality.
428.
Post 9592810 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
And that, kids, is why US prisons are so disproportionately blacks/minorities. Because wealthy
And here I though you understood reading comprehension, since you just brought it up a minute ago.
In fact, I doubt Ross will do any time. White people with money rarely get convicted after asset forfeiture. That's partly why so many prisons are fill with poor black folks.
429.
Post 9598331 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
in 2015, all holder of xrp will be required to submit a licence
... along with fingerprint, iris scan and DNA sample.
They will be filthy rich and not care.
That will make xrp too expensive to use.
430.
Post 9598384 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
in 2015, all holder of xrp will be required to submit a licence
... along with fingerprint, iris scan and DNA sample.
They will be filthy rich and not care.
That will make xrp too expensive to use.
teh banks are already have those licence... so yes too expensive for average joe and jane but cost nothing to teh banks
and yes some ppl loves to work free to banks as if they work for charity...
Ripple claims that xrp is unnecessary to use Ripple outside a negligible amount. It's not a store of value.
431.
Post 9598406 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
and yes some ppl loves to work free to banks as if they work for charity...
oh my bad... ripple dev did not want to wrork for free and sell all his xrp and created stellar...
Hanlon's Razor. The original Ripple project was usurped and twisted into something silly, not malicious.
432.
Post 9598446 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
in 2015, all holder of xrp will be required to submit a licence
... along with fingerprint, iris scan and DNA sample.
They will be filthy rich and not care.
so... you agree that there is a plan for that all holder of xrp be required to submit a licence
Yes, and probably a semen or ovum sample.
It would depend on your gateway and their requirements. They may even require human sacrifice to make a transaction. Who knows what jurisdictions will qualify as authentication?
433.
Post 9598531 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Last post on ripple and it's relationship with banks:
"No problem can be solved from the same level of consciousness that created it."
Good night bitcoiners. The future is ours.
Agree and that's why Ripple will succeed.
Btw, XRP/USD just touched $0.006 on SnapSwap.
I'm glad I sold all mine for much more than that when Bitcoin was much cheaper than now. XRP has dropped so much. The XRP bagholders must be so desperate to dump them, they try to pump them on the Bitcoin forum.
434.
Post 9598587 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Last post on ripple and it's relationship with banks:
"No problem can be solved from the same level of consciousness that created it."
Good night bitcoiners. The future is ours.
Agree and that's why Ripple will succeed.
Btw, XRP/USD just touched $0.006 on SnapSwap.
I'm glad I sold all mine for much more than that when Bitcoin was much cheaper than now. XRP has dropped so much. The XRP bagholders must be so desperate to dump them, they try to pump them on the Bitcoin forum.
Not if they bought late August.
It sounds like some of them found buyers. Good for them. I managed to trade my XRP for BTC before the spike and made about $.12 per XRP compared to your $.006. That's 2000% ROI over if I had held them.
435.
Post 9598604 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
It sounds like some of them found buyers. Good for them. I managed to trade my XRB for BTC before the spike and made about $.12 per XRP compared to your $.006. That's 2000% ROI over if I had held them.
I swapped 200k XRP that I was given free for 6 bitcoins, in your face. I don't even know how to calculate the profit percentage on free.
Yeah that's what I did too. I was calculating compared to the XRP bagholder, not my investment. I made infinitely more
436.
Post 9598693 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Why are we talking about XRP on a bitcoin price speculation thread ?
You can't stop the shills from coming in, but you can shame them away.
437.
Post 9599217 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Getting close to 10k pages!
438.
Post 9599261 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
XRP +30% in one week. 0.0045 to 0.006 . Heading to 1cents. Get onboard or watch train pass.
439.
Post 9600020 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
WOW, I guess we're going down then...
Just doesn't make a lot of sense to me
FWIW, probably just a retest of $350, before up up up
Probably not. Ripple is reaching a huge momentum. Enter now before it doubles over night. +40% this week and this is only the beginning.
Ripple is just a token like hashcash. There is no value at all and it's easily cloned if it had any other utility. Promoting XRP as speculative should be investigated by financial authorities.
440.
Post 9601068 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
WOW, I guess we're going down then...
Just doesn't make a lot of sense to me
FWIW, probably just a retest of $350, before up up up
Probably not. Ripple is reaching a huge momentum. Enter now before it doubles over night. +40% this week and this is only the beginning.
Fuck off with your Ripple.
Take it to a ripple forum which probably has about 8 posters.
Just like bitcoin at the beginning
I like your open minded approach
Even Ripple Labs doesn't say stuff like that. Even if this is a speculation ploy, it's unworthy of a bitcointalk.org Donator.
441.
Post 9601117 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
does ripple labs have a license for creating speculative vehicles to sell in the States?
442.
Post 9601151 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
*bearmasturbatory.gif*
443.
Post 9601245 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
This is buying zone.
Not yet, there's no rush with the fact it looks like the bear market is still in tact. Save your fiat to defend the bottom.
I was hoping for 250 but don't think it will happen.
444.
Post 9601326 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Secret rocket time.
445.
Post 9601358 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
I actually want to see scenario when we go really low and mining becomes really unprofitable. That will be true test of bitcoin imho.
I want someone to sell me their coins really cheap.
446.
Post 9601831 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
447.
Post 9602001 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
it's just the usual weekend bloodbath.
[edit]: oops, it's still thursday!1!!
The favorite snack of bear traders is fishsticks and The Weekend Dip.
448.
Post 9603738 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Bullmarket off
Yes. In case you didn't notice, it's been off for 11 months now.
Not if you just woke from a 13 month coma.
449.
Post 9603999 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
I am so tired of the pissing contest over side chains. Where is the creativity and innovation? There is enough politicking in the real world, we don't need ego tantrums in academic discussions.
450.
Post 9604430 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
This RIPPLE thing sounds pretty interesting, could somebody please tell me something about it! Thanks
White papers here:
https://forum.ripple.com/viewtopic.php?t=4301Bitcoin = AOL. Ripple = the internet. The smart money is currently moving into Ripple.
How? Ripple Labs doesn't sell stock shares.
451.
Post 9604539 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Everyone should click ignore on Walsoraj along with NotLambChop 2 of the biggest trolls on this forum.
One of them is a scammer telling lies and the other just annoying. I now have them both ignored. In fact, today was in my top ten for adding trolls to my ignore list.
452.
Post 9608901 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Dude, its bitcoin. There are whales and manipulators doing crazy shit all the time. The price will continue to fluctuate up and down.
Sub-400 coins are cheap, period. You should all be getting as many coins as you can during this period.
yes its 24 hours a day
trading gambling non stop...
Correct. Regulators need to back up their rules with approval to work within them. This double standard where lawmakers decide who gets to sit at the big table is not a nation of laws. It is a nation of lawgivers.
453.
Post 9609046 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Guys, I'll let ya in on my secret..If coins are high, I buy them from cex, if coins are low, I sell them on cex..Lol there's some sort of time restraint going on over there at that place. They're always about 3 days off trending prices.
I see what you did there.
454.
Post 9609161 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
CCMF
455.
Post 9609236 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
456.
Post 9609542 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Oh look. Someone dumped to make sure we would break 350. Didn't see that coming.
How many coins do you actually own? Ballpark figures that is. Is it near 0? Has it always been about....0?
None at the moment. Not sure if i will buy back again. I invest in other things now.
Witch things?
Ripple ?
It looks like you are very smart.
plz tell me more
457.
Post 9609597 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Shower thought: If we quote the trolls with blank boxes and scorn, when they delete their posts it won't make as much of a difference in getting to 10k pages!
458.
Post 9612346 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
I'm still :
I like how enthusiastic you are about bitcoin but seriously, if you are not stupid from 600~ you could see what is happening (miners dumping coins pushing price down) so you could have 2x more coins than you have.
Hindsight is a wonderful thing.
Lots of Captain Hindsights here.
459.
Post 9612506 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
460.
Post 9612618 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
I love the poll this week. It's like leaving a 7-10 split.
461.
Post 9612647 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
One million dollar jokes are universally funny... and frankly, I'm surprised one of the fanatics didn't say it in sincerity. It was well played... just a humorous comment.
And everyone in the universe has used it already. It was as well played as any cliché.
page 9965
462.
Post 9612695 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
463.
Post 9612920 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
2014 was a great year for Bitcoin. So much progress was made in acceptance and the political arena. Bitcoin is no longer ignored. 2015 will be even more exciting. Once more unto the breach, dear friends!
464.
Post 9613593 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
How I learned to quit worrying and love the dump.
465.
Post 9613649 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
How I learned to quit worrying and love the dump.
You love a dump that's been going on for 12 months straight? Will you love it still if it continues for 12 months more?
At what point is a continuous, unrelenting downturn seen as a serious problem for Bitcoin?
Price isn't a big concern. I held well over a year at a loss in 2011-12. This is no different. Fortune favors the bold.
466.
Post 9617546 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.33h):
Market analysis:
467.
Post 9629943 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
i am soo gonna be on that 10 000 page
No sleep till 10k.
No sleep til 10k.
468.
Post 9629997 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
Amazing, 10.000 pages of trolling. Imagine how much collective time and energy wasted in writing & (more important) reading all this. Once in a blue moon there comes a post worth reading and learning something from it, but is it worth the effort?
Well, I have learned a lot from this thread, more than from all other "high quality" bitcoin threads that I have tried to follow combined.
The typical "troll-free" thread on this forum is half a dozen people with the same deeply-rooted misconceptions arguing over minor details of their soon-to-be-obsolete pet topic...
Some folks just come for the memes.
469.
Post 9630074 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
I wonder if AdamstgBit has anything special for 10k pages?
470.
Post 9632524 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
I'm still hodling someone will dump posts so I can be on page 10k.
471.
Post 9636688 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
This thread will fail due to page volatility.
472.
Post 9636993 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
this thread should be renamed...
Has a snappy ring to it?
Bitcoin is all about meta
473.
Post 9637346 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
Bitcoin is Go!
474.
Post 9637689 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
This really shows that 10k pages was just a bubble. Looks like this thread is dead. Now it's all just dead cat bouncing from here.
475.
Post 9637780 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
Does anyone have an opinion on side chains?
476.
Post 9637910 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
We may have broken out of the Rule of Thirds cycle. We're in Superstitious numbers now. The Ruble is 17000. Hopefully we'll stay above 366 USD.
477.
Post 9637933 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
What?! We are still below 10k page? This is insane!
I'm bearish on page count.
478.
Post 9637970 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
What?! We are still below 10k page? This is insane!
I'm bearish on page count.
The page count topic is sooooo 50 pages ago,
I'd like to hear what
you think about sidechains...
I am of the opinion that Side Chains are controversial.
479.
Post 9638047 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
regarding the fed auction - I assume it will be as bearish as the last one was
at these prices I assume they will change hands with a 10-20 % mark-up - gl to the shorters
I kinda wish they would bearwhale 50k.
480.
Post 9639084 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
Still staying out of the Rule of Thirds zone. Magic numbers Ruble 17000, EUR 300. US and China bears allowing redistribution. China looks bullish. US looks bearish. I expect the bulls to win this round to magic number 400 USD.
481.
Post 9639893 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.34h):
CCMF
482.
Post 9648335 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
Good morning everyone. 10K it is again!
It looks like we've hit a post wall.
483.
Post 9648592 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
Back again LOL.
Who dumped the posts? It wasn't Chartbuddy.
Maybe adam himself?
And it is also self moderated, so he might delete old posts that no one cares about
Hey! I resemble that remark.
484.
Post 9657213 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
Just got off the phone with my broker and he confirms the next 24 hours are critical
confirmed
485.
Post 9657367 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
I own a beanie baby
Name it Bitcoin.
486.
Post 9657402 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
It hasn't been that bad, bitcoin has continued to grow, all the layers needed to go on top of the protocol are further on. As long as that continues, mainstream adoption gets closer.
Price didn't reflect that at all, but doesn't need to, as long as it doesn't crash so far that people stop mining and the strength of the network becomes too weak.
Don't worry. The dumpers are working on that. They won't rest till Bitcoin has become completely worthless.
All they need to do is buy high and sell low. Works for me.
487.
Post 9657624 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
We're in the superstitious zone. 300 EU is holding until CNY goes to 2300. Then pushing to 400 USD. The next Rule of Thirds at 430 to 460 should start soon if Black Friday starts a rally.
488.
Post 9660127 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
Auctions have usually been won by long term investors. Why buy at a premium (and they do buy at a premium most of the time) only to dump immediately? That's burning money...
How do you know they buy at a premium? Have there been any major auctions where the price was made public?
bulls are praying that tim draper buys them all again.
He bought less than two weeks worth. That's hardly all.
489.
Post 9660141 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
Auctions have usually been won by long term investors. Why buy at a premium (and they do buy at a premium most of the time) only to dump immediately? That's burning money...
How do you know they buy at a premium? Have there been any major auctions where the price was made public?
Nope, and never quite figured out why people think this.
The losing bids that were made public after the first USMS were up to 10% below the market price. No reason to think the winning bid wasn't 9% or 5% under, or even just market price.
Because
private auctions don't work like that.
490.
Post 9676793 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
We are dangerously close to a Rule of Thirds cycle. There's no superstitious numbers at work.
491.
Post 9678197 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
i'm preparing an epic speech, you have been warned.
"I have a dream... It starts with CCMF GENTLEMEN!"
you bitches dont have a clue what about to happen...
remember i recommend holding ammo, second best once in a life time buying opt. coming right up!
You win the lottery, bro?
492.
Post 9678438 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
10,000 pages of utter shit!
stay classy, wall observers!
Thanks to so many useless posts. Present company excepted, of course.
493.
Post 9678553 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
We're slipping into a Rule of Thirds cycle, but we may hold and go back up.
494.
Post 9678632 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
Every once in a while a good dip let's me buy more coins to spend later. God Bless Bitcoin's volatility and may the next 6 years be as good as the last.
495.
Post 9680597 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
Bitcoin back on track! $364...and up to infinity.
Yeah it doesn't seem to be falling into a Rule of Thirds cycle after all after the dumps. We should see a 300 EU in the next few hours.
496.
Post 9681110 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
We're seeing superstition in CNY with support at 2222. China will eat your bitcoins at that price.
497.
Post 9682144 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.35h):
CCMF
498.
Post 9685576 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
CHOO CHOO
funny to see such an optimistm with only like 10$ pump to dump
It was $355 today and came up to $387 (Bitfinex). One of us, should seriously take some math lessons.
https://cryptowat.ch/bitfinex/btcusd/3min/Sure, in last 10 months price dropped like more than 50% , call it whatever you want, i call it bullshit
And it was like 1000% more every year, for the last 6... what's your point exactly? And why are you here? Sell it and go away...
i'm here to bother you, can i?
it's about reality that BTC is dead, 5 years it was working just fine, i agree, but last year is showing that there is no more developement going on, no more new people addopting it, so fuck it, it's lost in history, believe it or not.
Google "bitcoin is dead"
About 37,900 results (0.21 seconds)
499.
Post 9685644 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
Ripple is dead
Ripple is a virus. It's neither living nor dead. Its sole purpose is to suck value out of currency transactions through its non-currency xrp.
500.
Post 9694132 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
Old people are stealing the future of young people, but young people are too stupid to do anything about it. Until there is a political solution for the rights of freedom from debt, they have Bitcoin.
501.
Post 9694431 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
oh no volume again, i hope the price is not going to dive atm
There is volume in China. Hey, that's a financial koan.
502.
Post 9694874 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
Right off to bed. Hopefully be a semblance of normality on here when i return.
You can't sleep. The next few hours are critical!
503.
Post 9694883 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
Right off to bed. Hopefully be a semblance of normality on here when i return.
What happened to your daily the price is about to go up posts? Finally accepted reality?
Yeah, now how is anyone expected to sleep well?
504.
Post 9696056 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
Edit: Also the 1W MACD is about to cross the signal line....and well we all know what happens when that occurs
Um... the Age of Aquarius?
505.
Post 9696198 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
Edit: Also the 1W MACD is about to cross the signal line....and well we all know what happens when that occurs
Um... the Age of Aquarius?
I'm not sure I understand your reference. But here is mine:
Those things never left orbit before they came (sometimes crashing) down. FYI I was poking fun at using charts for prediction as similar to astrology. Note: I have my own pet predictive system as well.
506.
Post 9697783 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
Achtung Bitcoiners!
THE FUTURE IS OURS!
Bitcoin: Work! Bitcoin: Faith! Bitcoin: Beauty!
Nazis today then?
Reductio ad Hitlerum means the troll is desperate for attention. I'm surprised he hasn't thrown Bitcoiners to the Atheists!
507.
Post 9706713 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
During last 6 months Ruble fell almost over 55% to US Dollar.
Here troll, some perspective. Bitcoin is not the only thing losing value.
Not a big deal, but over the last ten years the dollar shrank 20% against the Philippine Peso.
508.
Post 9706953 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
509.
Post 9707082 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
Is this the quiet before or after the bloodbath?
510.
Post 9728245 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
Future News Headline: Kim Jong-un surrenders the Korean War. Terms of surrender include DPR's and Gox's bitcoins totalling nearly 1 million. Whil;e the world goes broke rebuilding North Korea, Dr. Kim as he calls himself now buys The Dallas Mavericks with Dennis Rodman and renames the team the White Skins.
511.
Post 9728512 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
i wonder when we will receive info about the auction
this market is killing me. no volume and flatlined price.
Auction will be tomorrow.
Guess no info until friday, maybe until monday
Expect FUD and false leaks.
512.
Post 9732987 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.36h):
Either the price of btc rises significantly in the next 24 months or it fails.
Why? The bitcoin network can run on 3 Tibetan monks with abacuses.
Yes, but
which three?
The future bitcoin network, the leftmost is learning SHA-256 by heart.You misunderstand. The monks use a retrovirus to encode the blockchain into their DNA which can hold 700 terabytes per gram.
513.
Post 9743940 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
I met some Chinese the other day. Fairly young, technically minded. At the end of the meeting, i asked:
- Have you heard about bitcoin?
- Yes it's forbidden.
- Well China is the biggest bitcoin country, with the largest exchanges...
- There are some black markets, but it's forbidden.
- ... and the largest mining operations.
- It's forbidden.
- That's just CBOC trying to talk it down...
- No it's forbidden.
Did you give him a slap?
No. He gave him his laundry.
514.
Post 9744000 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
I met some Chinese the other day. Fairly young, technically minded. At the end of the meeting, i asked:
- Have you heard about bitcoin?
- Yes it's forbidden.
- Well China is the biggest bitcoin country, with the largest exchanges...
- There are some black markets, but it's forbidden.
- ... and the largest mining operations.
- It's forbidden.
- That's just CBOC trying to talk it down...
- No it's forbidden.
Did you give him a slap?
No. He gave him his laundry.
Hory sheet......racist
Yeah, the Chinese dude probably didn't like what the White Devil was saying.
515.
Post 9744149 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
No, difficulty does not correlate with the coins mined but the hashrate.
By doubling the hashrate you could mine more coins in a short period of time till it readjusts
ok thanks
...
but if new coin paid halves, then in effect there will be like doubled difficulty
For each individual miner--yeah. For the whole network--no. Only ~half as many coins will be added to Bitcoin every year, ~5% inflation vs ~10%.
(yes, oda, I know, just simpler to explain like this).
wow...
lampchop stop trolling us and actually try to enlighten me... wow...
tis is gentlemen !!!
btw thank you lamp chop...
edit : bullish because 10% inflation vs 5%
Whether lambykins knows it or not, we are all in this together. Bitcoin is here to stay.
516.
Post 9748202 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
Three Chains for the Vampire Squids under the Blythe,
Seven for Broker-lords in their halls of bones,
Nine for the Occupiers doomed to die,
One for the Dark Lord on his squatted throne
In the land of Dimon where the bankers lie.
One Chain to bridge them all, One Chain to bind them,
One Chain to peg them all and in the dark web mine them
In the land of Dimon where the bankers lie.
517.
Post 9748215 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
The bears are getting sleepy.
518.
Post 9748253 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
One way or another.
Cut your shoorts!
519.
Post 9748266 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
Cut your shoorts!
520.
Post 9748365 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
Bids received - 104
BTC quantity bid - 124,127
ähhh...what? i dont get it...somebody care to explain?
Barry Silbert / Secondmarket collected 104 bids for a total of 124,127 coins. They merged the bids and made new bids for the 50,000 bitcoins on the auction.
That doesn't say anything about price. I bet the high bidders will be upset if they don't get all the coins they wanted.
521.
Post 9748491 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
To the moon!
522.
Post 9748525 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
Looks like they had more well qualified buyers.
523.
Post 9748590 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
524.
Post 9748658 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.37h):
525.
Post 9797759 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.38h):
This is what TA looks like.
526.
Post 9885755 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
We're still in the Greater Rule of Thirds zone with 300 as the bottom and 600 as the top. It's fun to watch the big patterns play out just like the small ones. Bitcoin is so fractal.
527.
Post 9886753 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
We're at bottom of a Greater Rule of Thirds zone. If we don't see a rise beyond 360 soon, we could see capitulation and the death of all mined altcoins. Bitcoin won't die and it might be a good way to prove that all other coins are destined for oblivion.
528.
Post 9897889 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
This is your last chance to get out of altcoins for bitcoins . They will soon be crushed at the next bitcoin drop.
529.
Post 9897989 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
Great. A 1500 ask wall to make sure we won't go up more.
Because that's what trading really means. Pushing the price down as much as possible. Because imagine your coins getting worth more. We can't have that.
When traders become gamblers, they lose. Greed works both ways. Let them have their fun. Bitcoin isn't ready for wide adoption yet.
530.
Post 9898413 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
Thanks to crashing XRP, bitcoin might see a substantial influx of money in the next days.
The high this week was $0.028 and its now $0.025. That's a crash?
That's less than a bitcoin fee.
531.
Post 9902550 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
The Greater Rule of Thirds will not give in to a Lesser Rule of Thirds below 270. It would kill the arbitrage and altcoin markets. Superstition, emotion, and margin trading will drive price up to 360 because the short sellers have run out of space.
532.
Post 9903812 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
Till now my bitcoin adventure has been short and painful
The bitcoin mining network costs over 1 million dollars per day. That money can only come from one place: the pockets of people who buy bitcoins now and hold them, or sell them at a loss.
So, be proud of having done your part in this noble enterprise.
Um it only costs money to those that freely choose to pay, not forced at gunpoint.
533.
Post 9903976 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
Till now my bitcoin adventure has been short and painful
The bitcoin mining network costs over 1 million dollars per day. That money can only come from one place: the pockets of people who buy bitcoins now and hold them, or sell them at a loss.
So, be proud of having done your part in this noble enterprise.
Um it only costs money to those that freely choose to pay, not forced at gunpoint.
i wonder where 1 million dollars counted from
what if miner only sell 10% of there mined coin every month
Bitcoin would survive just fine with one dollar a day's worth of mining. Go ahead, turn off your miners. If you can convince everyone else then I'll pay the buck and mine like hell.
534.
Post 9904058 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
330 was a Rule of Thirds test. Investors are supporting the bottom of the Greater Rule of Thirds. Will the investors beat the traders in this Lessor Rule of Thirds cycle? Not likely with the current exchanges. Serious money needs serious exchanges.
535.
Post 9905673 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
You can't trust the poor with money--it's a scientifical fact.
If bitcoin was really about solving poor people problems, then it should have been distributed for free with all of them. But we all know that kind of approach would have never worked out.
Instead it will be sold to them at high prices, so all people who invested before (mostly from rich countries) can make lot of profit.
And don't get me wrong, early adopters deserve all that profit. But don't come to sell that lie about poor people, because poors will be the last ones to benefit.
This is where I am working to change this. I'm not giving bitcoins to the poor. I'm teaching them how to secure Bitcoins.
536.
Post 9905808 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
...
This is where I am working to change this. I'm not giving bitcoins to the poor. I'm teaching them how to secure Bitcoins.
And I'm teaching them how to secure their mansions & yachts.
Must be a busy time for you teaching "the poor" how to secure their mansions and yachts?
Well, technically I'm using testnet coins. But I like the idea of mansions and yachts. I will get miniature models as prizes for understanding.
537.
Post 9905945 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
This picture still sums up the general TA of bitcoin
That's also about the frequency FUD is spread on this forum as well.
538.
Post 9911938 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
539.
Post 9913482 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
I don't understand why anyone looks to a country for leadership that is too dumb to use the metric system. Then again America has that leadership role because they took it. The rest of the world is too dumb to take it away.
540.
Post 9914485 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
Nah brah, it's the market coiling like a spring, like a cobra getting ready to strike! Everything's fine, just hodl.
You are right, for a Bitcoin believer everything is fine. And I believe!
Hodling since 2012.
I miss porkchop already.
541.
Post 9923515 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.40h):
How is NotLambChop so consistently right and everybody above Hero has him on ignore. I think we are the have-nots here, folks
How can he be so right, and yet so wrong at the same time...
Is lambchop the one with the purple or long blond hair?
542.
Post 9945104 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
I remember dec 25th to dec 26th last year, we went +70usd and pumped into 1000s shortly after. Will the history repeat itself this year ?
Nope, learn about history; Mark Karpeles pumped every 10x pump of bitcoin
He is gone now and you have all year seen the effect of it. Enjoy your cheap coins and dreams of becoming a millionaire by sitting on your ass. I will tell you a bit about the future price of bitcoin, if it stays over $100 it will be a miracle (in 2015). Mark Karpeles is gone and also most of the deepweb sites which was the only true incentive to purchase bitcoin.. so do the math (hint: no demand at all, except traders (btw, the whales you guys talk about is pretty much the exchange operators)).
Enjoy shorting on your unregulated exchange while you can. You will soon be forced to be a licensed broker to do so.
543.
Post 9945244 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
I remember dec 25th to dec 26th last year, we went +70usd and pumped into 1000s shortly after. Will the history repeat itself this year ?
Nope, learn about history; Mark Karpeles pumped every 10x pump of bitcoin
He is gone now and you have all year seen the effect of it. Enjoy your cheap coins and dreams of becoming a millionaire by sitting on your ass. I will tell you a bit about the future price of bitcoin, if it stays over $100 it will be a miracle (in 2015). Mark Karpeles is gone and also most of the deepweb sites which was the only true incentive to purchase bitcoin.. so do the math (hint: no demand at all, except traders (btw, the whales you guys talk about is pretty much the exchange operators)).
Enjoy shorting on your unregulated exchange while you can. You will soon be forced to be a licensed broker to do so.
What do you think will be the peak price in 2015? Most bulltards think btc is bigger than the internet, you agree? Banks are evil, agree? Fiat is the devil, yep? Come on, admit to believing all of these things. Let me guess, you have all answers (about the troubles of economics in general) and somehow they involve bitcoin being the solution, true? Enjoy your cheap coins.
None of those. I would love fiat if banks and governments would be fair and honest with it. But they can't. This time of year they often show an old movie called "It's a Wonderful Life" which depicts good banking vs bad. Most banking has become corrupt and useless to society. The reason is that fiat money technology is obsolete. This is the network age and they still use mainframe protocols. The outdated system is highly vulnerable to abuse. Then of course there's the ridiculous voodoo economic policies that has corrupted bureaucrats. Bitcoin can reform all these things through a simple upgrade in technology. I just don't understand all the fear mongering over Bitcoin technology. It's quite silly to stand in the way of progress.
544.
Post 9945297 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
This user is ignored.
I can only imagine what lamby has been imbibing today.
545.
Post 9946058 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
...
Either put forth an argument that the current system is not corrupt, or purpose a superior alternative.
...
Your paranoid delusions aside,
there has been nothing honest or transparent about Bitcoin from the moment when people realized that it was Beanie Babies 2.0, with the associated get-rich-quick faithful ready for exploitation.
Take this forum: The Securities sub, the "industrial" side of Bitcoin, is solid, wall-to-wall scam. Lending section: No one ever pays back, Pirate, Goat, Ukyo loan, Graet loan, 'nuf said. The "scam accusations" sub is probably the most read sub here
Thanks NLC for response, but you did not offer superior alternative
or evidence that current system is not corrupt.
There are many scams, I agree. But the bitcoin protocol has been open and honest since it's inception, and all participants are voluntary.
Come on dude, I know you can do better than that.
He is incapable of learning. He needs special teachers with marshmallows and electrodes to learn anything at all.
546.
Post 9948607 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
Interesting discussion chaps.
Yep bitcoin is high risk. Going all in is silly unless your are in your early twenties. Saying that I think it really is a commodity to hold for a couple of years at least, to smooth out blips on the long term trendline.
We remain at a great entry point for new buyers (could it get better, sure if we have disaster or a bounce off 275). But IMO the next wave won't get excited and start buying until the price begins to rise again.
My view is that this extended bear market is being driven by new coins floating on the exchanges. The top 500 addresses are gaining coins, not divesting.
If stolfi is right and there are 650,000 addresses with any significant amount of btc in (and I have four cold storage addresses myself) then bitcoin holders propping the price up represent perhaps 100,000 to 400,000 people globally, excluding off chain wallet services. I can easily see another 1 to 10 million people buying a bitcoin in the next mania of 2015/2016 can't you?
They say patience is a virtue and it has been tested this year for bitcoin enthusiasts!
I think neither halving or ETF arent major reason for next big rally. What will be the real fuel is to simplify bitcoin enough for non tech savvy people and some financial crisis when people would panic and rush to buy bitcoins
I cancelled another comment to emphasize this. We need cheap foolproof ASIC wallets.
547.
Post 9948778 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
I cancelled another comment to emphasize this. We need cheap foolproof ASIC wallets.
ASIC wallets?
Hardened circuits dedicate to bitcoin protocol with all signing done offline.
548.
Post 9948902 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
I cancelled another comment to emphasize this. We need cheap foolproof ASIC wallets.
ASIC wallets?
Hardened circuits dedicate to bitcoin protocol with all signing done offline.
They could enable people to store bitcoins without the need to worry about, or understand best computer security practices.
I think the trezor is quite easy to use securely. It might still be too expensive for wide spread, but it certainly enables people to store bitcoins without the need to worry or understand best security practices.
I think what's holding back adoption is the lack of a clear need or want. As said above by someone else, this might change drastically with either a rising price ('want') or escalating troubles with the current financial system(s) ('need').
The difference is you can do something about one but not the other.
549.
Post 9949012 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
How do we know Warren Buffett isn't investing in BTC?
If he's not happy with his holding yet & needs to add to it why the hell would he speak positively about BTC?
The price would shoot up & he'd penalise himself.
“Confidential information has been omitted from the form 13F and filed separately with the commission.”
Translation: Mr. Buffett received special permission from the S.E.C. to keep secret his investment in I.B.M. — and possibly keep secret stakes in other companies that he is building positions in that we have yet to learn about.
He's done it before.
550.
Post 9949342 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
How do we know Warren Buffett isn't investing in BTC?
How do we know there's not a china teapot in an elliptical orbit about the Sun?
That is a British teapot, good sir, with flowery motifs. And it orbits Mars.
Obviously they are spy teapots violating the 1898 spy teapot accord.
551.
Post 9949457 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
How does BTC reach the general public though?
What event will push BTC forward?
Hardly anybody is interested.
People compare BTC to the internet in 1995, will we follow the same path or are we destined for failure?
This comparison is often touted but it's misguided. Bitcoin is the first example of blockchain technology put to use.
Gopher is an early example of widespread usage of the internet. How many people still use 'gopher' ?
They didn't rip out all the cables to change from gopher to http. Bitcoin can become better while continuing to hash PoW.
552.
Post 9949657 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
This user is completely ignored.
And so another day begins.
553.
Post 9949691 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
What would Korean reunification (or war) do for Bitcoin?
554.
Post 9949756 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
I think I'm looking forward more to the eery silence of trolls during the next run-up than I am to the actual price rise.
Indeed. It's funny how Bitcoin enthusiasts seem to come out when the price rises and go into hiding during the teddy bear picnics.
I'm looking forward to a solid bull market for another reason though.
If it becomes another bubble with attendant media exposure, maybe fewer people will think I'm a Boston Bruins fan because I wear a cap with
BTC on it.
I know, right? I get that a lot!
555.
Post 9950088 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
270 was in the range nearly two years ago. Price is way undervalued due to PTSD caused by political kerfuffles.
556.
Post 9954553 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
It is so funny that when BTC has a good PR day thanks to BitcoinBowl - the price takes a huge dump.
Classic Bitcoin move. Good news = price dump.
If it was a sincere effort to dump, it would have sell walls. Instead, they just dump at market. This is starting to feel like a psyops campaign rather than superstitious trading.
557.
Post 9954635 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
It is so funny that when BTC has a good PR day thanks to BitcoinBowl - the price takes a huge dump.
Classic Bitcoin move. Good news = price dump.
If it was a sincere effort to dump, it would have sell walls. Instead, they just dump at market. This is starting to feel like a psyops campaign rather than superstitious trading.
Just Bitpay and other sellers dumping, I guess.
No need of theories about nutz guys selling stuff just for the sake of no reason
What kind of business model dumps large amounts at market?
558.
Post 9954721 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
It is so funny that when BTC has a good PR day thanks to BitcoinBowl - the price takes a huge dump.
Classic Bitcoin move. Good news = price dump.
If it was a sincere effort to dump, it would have sell walls. Instead, they just dump at market. This is starting to feel like a psyops campaign rather than superstitious trading.
Just Bitpay and other sellers dumping, I guess.
No need of theories about nutz guys selling stuff just for the sake of no reason
What kind of business model dumps large amounts at market?
The kind that sees the writing on the wall??
Why wouldn't they just quit if they think bitcoin is failing? It's not a very sound business plan. Buy high and probably sell low?
559.
Post 9957279 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
You do realize Bitcoin is over a hundred times more valuable that any of it's competitors? Bitcoin is doing fine.
560.
Post 9957297 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
You do realize Bitcoin is over a hundred times more valuable that any of it's competitors? Bitcoin is doing fine.
Maybe is overvalued and other altcoins are undervalued
Or maybe it's not. Who knows? Let's let the market decide, shall we?
561.
Post 9957457 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
Looky looky, someone is buying cheap coins.
562.
Post 9957500 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
Are we expected to go down any more?
My fingers on the trigger, I want to buy but don't want to moss another dump.
I guess it's not you buying then.
563.
Post 9958484 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
Bitcoin is dead and your little Colored Coin too!
564.
Post 9958687 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
Ripple is dead.
RIP ripple.
I didn't invest in Ripple and less doing it now. But saying it is dead after a 7x rise... lol, sure.
Ripple has no volume and few exchanges. It's reporting is less reliable than Bitcoin's. But believe what you want.
565.
Post 9962078 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
I have no idea what your talking about. Were you drinking tonight or is this just some lame trolling?
I can appreciate hyperbole, but until JS has anything interesting to say he is still ignored.
566.
Post 9962299 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
I have no idea what your talking about. Were you drinking tonight or is this just some lame trolling?
I can appreciate hyperbole, but until JS has anything interesting to say he is still ignored.
Just added him myself. This has been the year of "ignores" for me. I hate to do it actually as I like to hear real counter arguments and opinions, but the forums have been over run by people like him.
Bitcoin isn't a purple rain.
It's about peace and love, man.
567.
Post 9962372 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
I have no idea what your talking about. Were you drinking tonight or is this just some lame trolling?
I can appreciate hyperbole, but until JS has anything interesting to say he is still ignored.
Just added him myself. This has been the year of "ignores" for me. I hate to do it actually as I like to hear real counter arguments and opinions, but the forums have been over run by people like him.
I've experienced first hand how you respond to real arguments. You say they're not real arguments and they must be obvious trolls. If those are the type of people you ignore, why don't you just admit that you ignore anyone who disagrees with you?
Who are you to judge the merits of his argumentation? Is he your champion or are you trolling?
568.
Post 9962389 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
I've experienced first hand how you respond to real arguments. You say they're not real arguments and they must be obvious trolls. If those are the type of people you ignore, why don't you just admit that you ignore anyone who disagrees with you?
Who are you to judge the merits of his argumentation?
Do you understand what "first-hand" means?
I'm not talking about specific arguments. You have the power to ignore or register complaints. This is just ad hominem. Your admonishments are noted, but move on and don't worry about how other people roll.
569.
Post 9962410 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
"They hate us cuz they ain't us!"
570.
Post 9962637 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
I've experienced first hand how you respond to real arguments. You say they're not real arguments and they must be obvious trolls. If those are the type of people you ignore, why don't you just admit that you ignore anyone who disagrees with you?
Who are you to judge the merits of his argumentation?
Do you understand what "first-hand" means?
I'm not talking about specific arguments. You have the power to ignore or register complaints. This is just ad hominem. Your admonishments are noted, but move on and don't worry about how other people roll.
I'll concede the ad-hominem, allow me to rectify it:
Stolfi is trollin', for sure, but he is making a very obvious point while doing so, and instead of responding to that point, he just rides the "omfg troll" horse (mainly because Stolfi gave him the opportunity, because you can kind of tell Stolfi just doesn't give a fuck anymore) and gets an immediate pass from people who support his opinion (for example, you).
The obvious point Stolfi is making is that he's taking a quote that, to paraphrase, essentially says "I think we might go cashless someday, and virtual currencies will improve and become safer, and might just become the norm" and making it "pro-bitcoin." It's actually quite a big leap if you stop and think about it. Does he mean bitcoin, or does "improve" mean he thinks something will replace bitcoin? Does he couple the term "safer" with "improve" to imply that bitcoin is not safe? It's hard to tell, so to just blindly call it a "pro-bitcoin stance" is biased, don't you agree?
And keep in mind these are just questions raised from what he
quoted. That's an hour-long video there, nobody visits a blog to watch an hour-long video.
If JS wants to analyze South Asian discussions about new technologies, then bless his heart. At the risk of sounding racist, I have a hard time taking their politics seriously. In fact, I don't take any politics seriously anymore. When it comes to solutions for poverty, I have my own mission here in the Philippines. They are much smaller than India, but East Asia in general probably has a lot more potential then South Asia. I tried to watch that video but fell asleep.
571.
Post 9962744 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
If JS wants to analyze South Asian discussions about new technologies, then bless his heart. At the risk of sounding racist, I have a hard time taking their politics seriously. In fact, I don't take any politics seriously anymore. When it comes to solutions for poverty, I have my own mission here in the Philippines. They are much smaller than India, but East Asia in general probably has a lot more potential then South Asia. I tried to watch that video but fell asleep.
You're missing the point. The point is the blogger (who is lythos btw) is twisting words and using an hour long video that nobody gives a shit about (including you, which is what clickbait like that relies on, btw, collective you not questioning how shitty the journalism is because you agree with/benefit from what is being stated) to make a bold "India is pro-bitcoin" statement. Which is an incredible stretch of the imagination in context, but does serve quite well, again, as clickbait.
Getting assholes like me to click on it to pick it apart is probably just gravy for the viewcount.
It takes India decades to get interested in anything. I don't begrudge lythos for posting clickbait especially when he adds "to the moon" to his comment. I guess it may fool some people. Yeah we need assholes like you too.
572.
Post 9965381 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
573.
Post 9973777 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.41h):
What is wrong with you people?
Now is the time to buy.
you sound desperate. Don't worry, eventually the exchange operators (the central bankers of bitcoin) will pump the price. Real demand though has utterly
vanished never existed.
FTFY
574.
Post 9979760 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.42h):
Can someone explain why a double bottom is not forming on the 1w charts?
maybe it is...we wont know until it breaks up (if it does)
We're looking at a big booty double bottom, not one of those skinny bulimic double bottoms.
575.
Post 9981005 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.42h):
That's built on top of ripple right?
Not much info on the nuts and bolts, or the business model. It does look nice.
As long as they don't use the Purse.io model... (get real money/btc from customer, pay merchant with stolen credit card).
Or the Ebay model, only keep records for 60 days while credit card can charge back beyond that.
576.
Post 9982044 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.42h):
The downtrend is still stuck between the fear and the denial phases. About half of the market has been starting to feel fear, while the other half is still strongly holding on to denial. The longer the market is stuck here, the deeper the final drop will be. All of this because there are too many inexperienced gamblers, who are making this market very inefficient. The average Joe in denial is helping the smarter speculators with bigger stakes to get out from a thin market.
For some reason I don't have you on ignore. Being a bear is one thing, but what is your undeniable hypothesis?
577.
Post 9985129 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.42h):
ccmf. right meow.
578.
Post 9999654 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.42h):
That qualifies him for political office.
579.
Post 10002103 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.42h):
Bitcoin 315: "he that has bitcoins shall have eternal blockchain."
580.
Post 10006793 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.42h):
"They'll come at you sideways. It's how they think. It's how they move. Sidle up and smile, hit you where you're weak." - Shepherd Book
581.
Post 10028987 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
I have to admit it was smart timing to cause a panic dump at the end of the holiday season when most aren't paying attention.
582.
Post 10030485 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
The timing of this dump is too good. It's the end of the holiday break when families are traveling. CES is this week featuring IBM's Internet of Things and World of Bitcoin.
583.
Post 10030795 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
Most of the bitcoiners are absent. They're probably heading to Vegas for the World of Bitcoin.
584.
Post 10032476 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
Bears get months of low prices to buy back in.
Us bulls get seconds to sell at the tops of this market
Oh is that how you do it? It's a lot easier if you do it the other way around, but you don't make any money.
585.
Post 10034092 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
This is either inside information or fake exchange data.
586.
Post 10034183 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
What's with all the crying and complaining. You guys were begging for cheap coins for months and months in 2014. Every crash was AMAZING news. Cheap coins were the best thing that could happen in your life.
Well, here are your cheap coins and all i see is complaining.
I'm waiting for the spike like everyone else.
587.
Post 10034314 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
1. Holiday weekend
2. Sixth Birthday
3. World of Bitcoin this week.
Thar be BEARWHALE!!!!!
588.
Post 10034385 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
I'm laughing at the bears falling for this obvious trap.
589.
Post 10034437 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
This will look good on my floor.
590.
Post 10034537 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
Let's hunt some BEARWHALE!
591.
Post 10034603 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
Fuck the Red Wedding, this was the Red Birthday!
592.
Post 10034678 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
I started buying at 263. Bearwhale is about to get slaughtered.
593.
Post 10034684 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
I started buying at 263. Bearwhale is about to get slaughtered.
Excuse me, tht should read Bearwhale2.
594.
Post 10034751 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
Q: Where does a bear shit in the woods?
A: Anywhere he sees me with a loaded .300 Weatherby Magnum
It's go time.
595.
Post 10034815 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
I started buying at 263. Bearwhale is about to get slaughtered.
What bearwhale?
It's a metaphor for a sell volume spike cause by a single player.
Evidence:
1. 6th Birthday
2. World of Bitcoin this week
3. Holiday weekend
596.
Post 10034889 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
I guess I'm the only one that sees the pattern for the timing of this bear trap. It's just too perfect.
597.
Post 10034979 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
I guess I'm the only one that sees the pattern...
The world must look like a cascade of 0 and 1s for you.
Someone wants to humiliate World of Bitcoin in Las Vegas this week.
598.
Post 10035317 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
Is this where wallstreet gets in?
Maybe it is Wall Street shaking the tree, who knows?
599.
Post 10035403 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
Bitcoin can't die because PoW. Noobs fall for traps.
600.
Post 10035417 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
anyone else not selling because they are too lazy to get their coins off cold storage? Ill probably just hold through it since I dont want to print out more. I should have got a trezor.
Yeah, it's easier to buy with fiat. Wait... doesn't that say something? Maybe that Bitcoin is still in its early stages?
601.
Post 10035433 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
Buying xrp is the ultimate sign of despair. You can't possibly fall lower than that.
Yeah, WTF good is xrp except for buying Bitcoin?
602.
Post 10035517 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
What, no suicide hotline posts?
603.
Post 10035547 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
I love it how they say that PoW is centralized so it keeps the price down, then they say when the price goes down they turn off their miners. Seems legit.
604.
Post 10035782 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
Bitcoin has invented the Dead Bear Bounce. We need an artist to create this phenomenon. It would be a nice 6th birthday gift.
605.
Post 10036361 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.43h):
"Man who wants to see bottoms all the time live under bleachers." -old Chinese proverb.
606.
Post 10044105 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
This is why I HODL. Traderps getting Goxxed. When institutional money wants cheap bitcoins, they don't have these problems.
607.
Post 10044273 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
They need to shut down exchanges every day for maintenance and cool-down. Bitcoin would be better served.
608.
Post 10044853 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
609.
Post 10046657 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
How will the miners dump there bitcoins now?
610.
Post 10046698 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
How will the miners dump there bitcoins now?
Miners use exchanges?
Their dark pools, anyway.
611.
Post 10047038 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
Can we now focus on other means to trade bitcoins other than Gox model exchanges?
612.
Post 10047603 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
I would say that these thefts will happen again. What we need are ATMs that are hack proof like Trezors. Bitcoin needs to focus on being an impenetrable iron vault that fits in your pocket. Only licensed brokers should be allowed to trade bitcoins on the markets although you are free to use the ATMs as a convenience.
613.
Post 10047734 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
I would say that these thefts will happen again. What we need are ATMs that are hack proof like Trezors. Bitcoin needs to focus on being an impenetrable iron vault that fits in your pocket. Only licensed brokers should be allowed to trade bitcoins on the markets although you are free to use the ATMs as a convenience.
That sort of goes against everything Bitcoin is supposed to be. But if some exchanges start adopting a clear cut standard that can be checked by third parties, people can use those if they want the added security.
Exchanges have little to do with trade. Fiat exchanges are robbed every day (fraud, HFT, more fraud), but we don't hear about it because they just print more money. Bitcoin doesn't need 24/7 exchanges, do you? Bitcoin needs to be known as indestructible. You can't do that with networked servers.
614.
Post 10054558 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
This is our final warning to create a new model for exchanges.
615.
Post 10054983 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
I am all in now. This theft would have killed any altcoins. Honeybadger don't care.
616.
Post 10055013 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
I'm ready to see high speed trading die in a fire to be replaced by real world p2p trading.
617.
Post 10055346 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
Every normal man must be tempted, at times, to spit upon his hands, hoist the black flag, and begin slitting throats.
618.
Post 10055589 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
Thanks to that incompetent Slovenian shit, we blew through a multi-year support level. BFX just became the de facto world exchange.
Localbitcoins is the only reliable price discovery.
619.
Post 10055831 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
all those mega bears gone real quiet?
all your short profits locked up in fake fiat in an insolvent fake exchange? boo-hoo ... naked shorted and crashed the asset underwriting the exchange holding your fake profits ... what idiots, you are better off at vegas.
hacker who has the coinz makes the rules.
Bitstamp didn't have margin trading.
now they have NO trading whatsoever! hahahaha
lol
Hoping people will be able to get their money out, or it won't be much fun for them.
Although I wish loss on noone, there would be something delicious about a certain bear troll with >5000 posts bashing btc finally buying back in at the exact moment bitstamp goes dark
That would be very ironic.
620.
Post 10055841 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
I have a craving for mutton.
621.
Post 10056018 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
That 'Holy Grail' project never came to fruition, but Coinffeine is close.
622.
Post 10056050 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
I see he's still making Schadenfreude cards for Hallmark.
623.
Post 10056076 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
So is there a rational explanation for what's happened here?
1. 19k coins have been stolen from stamp (how?) and were sold forcing the market to unprecedented lows.
2. Stamp has to buy these coins back.
3. Stamp is pulling a potential gox and is insolvent?
What's going on?
I think this was a timed incident to make Bitcoin look bad for World of Bitcoin. Stamp is very unlikely culpable.
624.
Post 10056153 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
If I were in Vegas, I'd be wearing a honey badger shirt.
625.
Post 10057743 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
If 5M in fiat had fallen off a truck, it would be page 6 local news.
626.
Post 10067164 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
This poll is so old. All it's doing is collecting new votes for the obvious answer.
627.
Post 10067280 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
this points to more than just a wallet hack, whoever swept those coins into that wallet before clearing it must have had access to more than just the wallet.dat file...
Bitstamp lost their virginity.
628.
Post 10067527 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
Looks like sellers on stamp will have some hard time buying back their coins
I wonder how many dozens of posts I made warning about this?
629.
Post 10068303 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.44h):
any news on Stamp?
They're in ICU, that's intensive currency undervalued. The next 24 hours are critical!
630.
Post 10078126 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.45h):
Sleepy bears.
631.
Post 10085050 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.45h):
I have waited 2 fucking years for this bullrun
If I miss the party just cuz I deposited my funds right before bitstamp got closed down, I will be fucking pissed.
Definately will be taking some more loans if bitstamp don't open up soon
Seriously,
This is not trolling , no bullbearwhale crap talk...
You need help.
If you're seriously thinking about getting MORE loans you're right now worse that a bet addict.
And I know what I'm talking about.
Go on..
A guy taking more loans .. so he is already in debt
He needs money and he only has a loan as a solution , it means he has no money outside his bitcoins and bitstampmoney
And yet he wants to take it and invest it (aka smartsuit gambling)
And you don't see a problem with it
Kinda reminds me of that guy that bet "double or nothing" on his stash of ~50 BTC with a single dice roll. Btw, he lost.
Link please!
I suppose if you scan blockchain.info for satoshi dice addresses you'll find much bigger gambles. I don't know how, but it should be possible.
632.
Post 10091292 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.45h):
The next 12 hours are
This is Gentlemen!
633.
Post 10092683 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.45h):
Or maybe they don't want the price to fall and that's why they wait until the banks are closed. People who want to withdraw their funds from the exchange fast will buy bitcoin because fiat wouldn't get transferred until Monday.
That is assuming people have lost faith in them. If not, we've had a week where nobody has transferred fiat to Bitstamp and dumpers are probably standing ready to send that mofo to the ground.
When Bitstamp reopens, I'm not convinced that anyone will be eager to immediately exchange BTC for fiat on an exchange which will yet to have proven whether users can quickly withdraw fiat from their Bitstamp accounts. I think it's far more likely that those with BTC on the exchange will withdraw them to their own wallets; those with fiat on the exchange will immediately buy BTC and then withdraw them to their wallets - since it's the quickest and easiest way to withdraw. I may be wrong, but that seems the most likely scenario which, if true, would lead to an immediate demand for BTC and a price-rising rally. Who knows how strong the rally would be though...
Ironically, this would mean that the less faith people have in Bitstamp once it reopens, the greater the price increase.
The bitcoin tribe is filled with people that live on short memory. Once Stamp will (if) reopen their whorehouse, people will be like " Uhhhh, it was not so bad. " and they will continue to trade there. I remember this happening with Mintpal and other exchanges. They will stay until the website will be hacked again and closed forever and that will be the moment they learned a lesson.
But of course, things could go differently.
i have fiat on bitstamp still
i will likely do the following:
buy btc
move the btc to bitfinex
if the btc price is looking like it may rally a bit hodl it for a few days and then dump it
if it looks like it is a non-event, i will dump the btc immediately
in any case bitcoin is done, even an exchange funded by Draper gets hacked for $5 milli, bitcoin is way too slow to use as "cash", we have a some blog from Gavin getting all excited about 20 MB blocks which some people will bitch and whine about centralization.... woopty dooo...
parties over
go buy some maidsafe or ethereum
Translated: sell your bitcoins cheap so I can buy them cheap.
634.
Post 10099611 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.45h):
I'm beginning to wonder if this guys 'tips' about Bitcoin are really hinting to its demise..
He's selling his Bitfu.
635.
Post 10101449 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.45h):
I think
short-selling will never end. It's a powerful negative feedback loop. Bitcoiners are killing Bitcoin
Unless you're talking about
naked short selling (which can only be done to the extent that people leave their coins on the exchanges) I'm not with you:
a bottom will be found somewhere.
Reasoning: at 0.001 USD/BTC I will buy all offered coins and transfer them to my cold storage. Probably before that price is reached others will act similarly. No BTC swaps can be legitimately offered then and hence no short-selling can occur.
Also: If there was no short selling some miners would not be in business at all as they could not hedge. Some traders would not trade at all for last 12 months, meaning less liquidity meaning no big player would ever even look at Bitcoin. Some exchanges would already be broke, this forum would have no trolls ... who wants that kind of life?
Makes good sense. I wish I met you months ago
"How I Quit Worrying and Learned to Love the Volatility" by Stanley Nakamoto
636.
Post 10101516 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.45h):
The Bitstamp thing was nothing. In Bitcoin you need to be ready for the unexpected.
637.
Post 10103134 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
All these people complaining about a Slovenian exchange say nothing about Lawsky's threats regarding New York residents using bitcoins and then his failure to issue any regulations. You can blame Bitcoin if you want, be we are just being good law abiding citizens having our Constitutional rights violated by a bureaucrat.
638.
Post 10103263 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
639.
Post 10110208 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
My ignore list is growing fast. Over 200 so far.
640.
Post 10110331 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
My ignore list is growing fast. Over 200 so far.
Is that bullish?
It's bull-something.
641.
Post 10110408 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
He's bullish. Maybe he's eating cheap coins!
642.
Post 10110433 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
He's bullish. Maybe he's eating cheap coins!
Our own Jorge Stolfi seems pretty concerned about that investment fund for someone with only an academic interest in the subject...
He says he doesn't own bitcoins, he never said he didn't invest in them.
643.
Post 10111264 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
Oh god. Just find some goddamn support. I been waiting for months.
The biggest obstacle is time. Still too many people think altcoins may be an answer, so they are holding off on Bitcoin. Ether pumpers got kicked in the teeth by IBM. CPY pumpers got slapped by Overstock. Merge mined parasites don't prove their mettle Folks gotta realize that Bitcoin is the PoW the heavyweight champ that paid its dues.
644.
Post 10111631 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
Oh god. Just find some goddamn support. I been waiting for months.
The biggest obstacle is time. Still too many people think altcoins may be an answer, so they are holding off on Bitcoin. Ether pumpers got kicked in the teeth by IBM. CPY pumpers got slapped by Overstock. Merge mined parasites don't prove their mettle Folks gotta realize that Bitcoin is the PoW the heavyweight champ that paid its dues.
What did IBM do/say about Ether? --Not that I own any at all.
I'm all BTC, Monero (XMR) and Counterparty (XCP). I think those 3 will be the most useful coins in the future.
BTC = Open P2P ledger
XMR = True anonymity digital cash
XCP = Smart contracts, digital assets etc (Built on top of bitcoin network)
Opps, I meant XCP, not CPY. Yeah, IBM's Internet of Things may use their own implementation of Ethereum, but they won't be buying Ethers. I presume they will premine their own. Here's the thing, all these open source altcoin developers are doing nothing but making tools for others to profit on. At least Overstock has the decency to hire Counterparty devs to create their own competition so they get something out of their work. XMR is a loooooooong shot.
645.
Post 10115368 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
if somone has 120btc do you think he become ever rich?
(this is a serious question)
Most people given wealth soon end up poor. Wealth is a frame of mind.
646.
Post 10115528 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
Ultimately I think the only way to stop the constant crashing is if the international buyers find enough interest in bitcoin to buy a large chunk of the coins back from China.
That's assuming that many of the Chinese coins on exchanges are real in the first place.
+1
Have any Chinese exchanges been audited?
647.
Post 10116013 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
I think the problem with the trolls here is not reading enough Dr. Seuss as children.
648.
Post 10116051 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
I do not like altcoins and spam.
649.
Post 10119718 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
650.
Post 10120925 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
Price is back over $270! Praise the Lord!
John 2:15
Indeed.
651.
Post 10120958 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
Price is back over $270! Praise the Lord!
John 2:15
Now is back to sub 270. Nowhere but down.
(if you can't win them...)
Thank God someone is buying worthless fiat.
652.
Post 10121078 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
There's no issue. Miners can't keep up with transactions and get backed up at times because the block size is too small. Miners just don't want to spend more to upgrade a little. It's all on the miners.
653.
Post 10121353 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
There's no issue. Miners can't keep up with transactions and get backed up at times because the block size is too small. Miners just don't want to spend more to upgrade a little. It's all on the miners.
Did you read that declaration of war? He compares Gavin to Trendon Shavers. Is this the lunatic fringe of Bitcoin?
He's probably butthurt from IBM forking Ethereum or Overstock forking Counterparty. He's probably all forked out.
654.
Post 10121708 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
Much ado about nothing. Such drama. IBM and Overstock proved that altcoins are worthless. A fork that changes one number is causing a brouhaha. A tempest in a teapot, I say. "Make every Greek know what happened here. You'll have a grand tale to tell. A tale of victory."
655.
Post 10122543 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
Eventually people will realize that government regulations don't protect investors anyway. There will be no point in following or enforcing laws that are senseless. Law books are full of unenforceable statutes. Global jurisdictions will permit opportunities to flourish through self regulating decentralized markets. The ETF may not bother waiting for regulations. NYC can be the next Rome and nothing but a tourist destination.
656.
Post 10132944 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
For every seller, there is a buyer!
657.
Post 10133106 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.46h):
658.
Post 10133408 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
Come on dumpers, is that all you got?
659.
Post 10133535 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
Idiot traders are completely ruining the market. They won't stop til its dead. Enjoy your pump and dump beanie babies!
You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.
660.
Post 10133573 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.
I'm fully convinced that it's leverage that's killing us right now. It's way too easy to be able to short after a bubble top. The truth is though, I'd never trust an exchange with any significant amount of coin. If you don't hold the keys, the coins don't belong to you.
That's just it. In a panic buy, nobody can log in. DDOS attacks ensue. Orders get cancelled. People are forced to buy back high or are out.
661.
Post 10133929 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
anyone notice the crash?
In oil you mean?
662.
Post 10133956 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
663.
Post 10133980 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
664.
Post 10134036 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
665.
Post 10134073 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
I'm calling bottom.
666.
Post 10134079 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
img]http://www.scholastic.com/content/images/articles/s/SN56_040612_hdr.jpg[/img]
I'm calling bottom.
You just said we would see $200 in another thread...
One can only hope.
667.
Post 10134343 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
Somebody wanted to pop Bitcoin's ATH myth like it was a virgin sacrifice. Big deal. Now they are afraid to drop it below the previous bubble's low or $60. I want to see them drop 8000 BTC on stamp in one sell order to get it that low.
668.
Post 10134359 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
I sort of hope we get more real life users soon, rather than just waves of speculators. But I guess that's just me.
In many countries those decisions are up to the lawgivers.
669.
Post 10134480 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
I sort of hope we get more real life users soon, rather than just waves of speculators. But I guess that's just me.
In many countries those decisions are up to the lawgivers.
In most countries it is up to Bitcoin companies creating solutions that people want to use.
In China and Russia you cannot purchase anything with bitcoins. Australia has forced an exchange to move to the UK. Many USA bitcoin devs have left the country due to shaky policies..
670.
Post 10134534 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
I sort of hope we get more real life users soon, rather than just waves of speculators. But I guess that's just me.
In many countries those decisions are up to the lawgivers.
In most countries it is up to Bitcoin companies creating solutions that people want to use.
In China and Russia you cannot purchase anything with bitcoins. Australia has forced an exchange to move to the UK. Many USA bitcoin devs have left the country due to shaky policies..
That is 4 countries out of 206.
Country Legal? Notes
Australia Yes The Australian government has been warm towards bitcoin. Companies are allowed to trade in bitcoins, and buying or mining bitcoins is not considered illegal. The Australian government has released tax guidelines for the country.[1][2][3] The Australian Taxation Office (ATO) has announced that it intends to work bitcoin capital gains and sales tax guidelines into its system for users to declare on tax returns this year.[4] On 9 April 2014, the National Australia Bank (NAB) has decided to dissociate itself from bitcoin, informing bitcoin-related customers it will be closing their accounts next month.[5] In December 2013, the governor of the Reserve Bank of Australia (RBA) indicated in an interview that the bitcoin has not caused RBA any "material problem yet" but that there were risks for speculators. He also mentioned there is no law against holding or transacting in other currencies in Australia, including the bitcoin.[6]
Austria Yes
Bangladesh No Bangladesh's central bank on Monday September 15, 2014 warned against dealing in bitcoin, saying anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws.[7]
Belgium Yes The government has decided to take a hands-off approach to the currency. Belgium's finance minister has publicly stated that he sees no problem with the currency and that the national bank would have no objections to it. The country's money laundering agency has also not released any guidelines or warnings against the currency.Cite error: A <ref> tag is missing the closing </ref> (see the help page).
Brazil Yes The Brazilian tax authority followed in the Internal Revenue Service’s footsteps on 7 April 2014 in requiring bitcoin holders in Brazil to file capital gains on their tax returns. Like the IRS, Brazil is refraining from call it a currency, but instead requires people to file capital gains like any other security. The tax is good on holders of R$1,000 or more in bitcoin, which is around $450. Those who have over R$35,000 in bitcoin accounts pay a 15% capital gain charge as well to the Brazilian government. Gains (and losses) are to be filed annually with tax returns.[8]
Bulgaria Yes On 2 April 2014, the Bulgarian National Revenue Agency issued a statement concerning the taxing of bitcoin. For the purpose of applying laws governing income taxes bitcoin is considered a financial instrument. The taxable income is determined by the sum of the profits from transactions with bitcoin decreased by the sum ot losses from transactions with bitcoin. The profit or loss from a transaction is calculated based on the comparison between the sale price and the acquisition price of bitcoin.[9]
Canada Yes On 5 November 2013, the Canada Revenue Agency issued a statement[10] clarifying the tax treatment of bitcoin. The statement is a brief outline which states that tax rules apply when bitcoin is used to pay for goods and services in the same way the rules apply for barter transactions.[11]
In Canada, the federal government announced that it was going to regulate bitcoin under its anti-money laundering and counter-terrorist financing legislation, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.[12] The Quebec government agency, the Autorité des marches financiers, also announced that it would prosecute violations of the Securities Act (Loi sur les valeurs mobilières), the Derivatives Act (Loi sur les instruments dérivés) and the Money Services Businesses Act (Loi sur les enterprises de services monétaires) for bitcoin transactions, particularly those involving bitcoin ATMs.[13]
China (PRC) Restricted
(Mainland) On 5 December 2013, China Central Bank barred financial institutions from handling bitcoin transactions, moving to regulate the virtual currency. The People's Bank of China said financial institutions and payment companies can’t give pricing in bitcoin, buy and sell the virtual currency or insure Bitcoin-linked products, according to a statement on the central bank’s website.[14] On 16 December it was speculated that the People's Bank of China had issued a new ban on third-party payment processors from doing business with bitcoin exchanges,[15] however a statement from BTC China suggests this isn't accurate, and rather payment processors had voluntarily withdrawn their services.[16] Trading bitcoins by individuals is however legal in China.[17]
Colombia Yes On 26 March 2014, The Superintendencia Financiera de Colombia (SFC), the government body responsible for overseeing financial systems in Colombia, stated that “The bitcoin is an asset that has no equivalent statutory legal tender in Colombia since it was not recognized as currency in the country”, and made it clear that "supervised (financial) entities are not authorized to guard, invest or mediate these instruments (bitcoins)." Additionally it is for people to know and accept the risks inherent in their operations with ‘virtual currency’ risks".[18]
Czech Republic Yes On 25 September 2013, Analytical department of Ministry of Finance of Czech Republic published legal guidance for buying and selling digital currencies. Transactions worth more than 1.000 EUR are considered "AML high-risk" in accordance to § 6 para. of Act No. 253/2008 Code. Transactions worth more than 25.000 EUR are considered "AML suspicious" in accordance to § 18 of Act No. 253/2008 Code.[19]
Denmark Yes On 17 December 2013, Denmark's Financial Supervisory Authority (FSA) has issued a statement that echoes EBA's warning. In addition, FSA says that doing business with bitcoin does not fall under its regulatory authority and therefore FSA does not currently prevent anyone from opening such businesses.[20][21] FSA's chief legal adviser says that Denmark might consider amending existing financial legislation to cover virtual currencies.[22] In March 2014, the Danish Tax Board, the nation's top tax authority, declared that personal profits and losses from bitcoin trading would not be taxed, although bitcoin trading businesses would be taxed.[23]
Ecuador No The National Assembly of Ecuador banned bitcoins including other decentralized digital/crypto currencies. Due to the establishment of a new, state-run currency.[24]
Finland Yes Finland issued a regulatory guide to bitcoin in September 2013, which imposed capital gains tax on bitcoins, and taxes bitcoins produced by mining as earned income.[25]
Ruling 034/2014 by the Finnish Central Board of Taxes (CBT) stated that commission fees charged on bitcoin purchases by an exchange market were, under the EU VAT Directive, banking services and therefore VAT exempt. This is because the court classified bitcoins as payment instruments - whereas most countries treat their use as an unregulated method for the exchange of goods, or even as a crime.[26]
Germany Yes On 19 August 2013, the German Finance Ministry announced that bitcoin is now essentially a "unit of account" and can be used for the purpose of tax and trading in the country. It is not classified as a foreign currency or e–money but stands as "private money" which can be used in "multilateral clearing circles", according to the ministry.[27]
Hong Kong SAR Yes On 16 November 2013, Norman Chan, the chief executive of Hong Kong Monetary Authority (HKMA) said that bitcoins is only a virtual commodity. He also decided that bitcoins will not be regulated by HKMA. However, the authority will be closely watching the usage of bitcoins locally and its development overseas.[28]
Iceland No[dubious – discuss] Due to the capital controls put in place in 2008 to stop money flight on the króna, buying and selling bitcoin in Iceland, which appears to consider bitcoin as a foreign currency, is illegal.[citation needed] The Icelandic Central Bank confirmed that "it is prohibited to engage in foreign exchange trading with the electronic currency bitcoin, according to the Icelandic Foreign Exchange Act",[29] however commentators suggest bitcoins mined within Iceland could be freely traded.[citation needed]
India Restricted In June 2013, the Reserve Bank of India (RBI) issued a notice acknowledging that virtual currencies posed legal, regulatory and operational challenges.[30] In August 2013, a spokesperson wrote in an email that bitcoin was under observation.[31]
On 24 December 2013, the Reserve Bank of India issued an advisory to the Indian public not to indulge in buying or selling of virtual currencies, including bitcoin.[32][33] Following the announcement Bitcoin operators in the country began suspending operations.[34]
The first raid in India was undertaken a couple of days later in Ahmedabad by the Enforcement Directorate (ED) on the office of the website, buysellbit.co.in, that provided a platform to trade in this virtual currency. The preliminary investigations found it to be in violation of the Foreign Exchange Management Act (FEMA).[35]
On 28 December 2013, the Deputy Governor of the RBI, K. C. Chakrabarty, made a statement that RBI had no plans to regulate Bitcoins.[36][37]
The consolidated legal position in the month of August 2014 is that the legality of bitcoin is in doubt in India.[38][39] The Reserve Bank of India has cautioned users of virtual currencies of various legal risks.[40][41] Indian law enforcement agency Enforcement Directorate also searched the office and website of a bitcoin entrepreneur to analyse any possible legal violation.[42] ED believes that Bitcoins money can be used for hawala transactions and funding terror operations.[43]
Indonesia Restricted On 21 December 2013, Difi Ahmad, the executive director of communication at Bank Indonesia (BI) said that bitcoin is a potential payment method but could potentially be used in scams and money laundering operations. Since it is not regulated by banks, it has its associated risks. The central bank of Indonesia is currently studying bitcoin and they have no plans to issue regulations on it.[44]
On 16 January 2014, Ronald Waas, deputy governor of Bank Indonesia said that bitcoin usage would break a number of laws including Undang-undang Bank Indonesia (Bank Indonesia Act), Undang-undang Informasi dan Transaksi Elektronik (Information and Electronic Transaction Act), and Undang-undang Mata Uang (Monetary Act). For example, Undang-undang Mata Uang states that Rupiah is the only legal tender in the country. He also strongly advised the public against using bitcoins because security of bitcoins transactions are not guaranteed. However, currently BI does not have detailed policies of regulating or banning bitcoins usage.[45][46]
On 6 February 2014, Bank Indonesia is stating that bitcoin and other virtual currencies are not currencies or legal tender in Indonesia. The people are urged to exercise caution towards Bitcoin and other virtual currencies. All risks regarding ownership or use of Bitcoin are borne by the owner or user of Bitcoin and other virtual currencies.[47]
Israel Yes The Israeli Tax Authority is said to be considering a tax on bitcoin, but no statements have been made until today[when?]. However, the Israel Bar Association considers the virtual currency an appropriate form of payment for attorneys.[48]
Japan Yes On 7 March 2014, the Japanese government, in response to a series of questions asked in the National Diet, made a cabinet decision on the legal treatment of bitcoins in the form of answers to the questions.[49] The decision did not see bitcoin as currency nor bond under the current Banking Act and Financial Instruments and Exchange Law, prohibiting banks and securities companies to deal bitcoins. The decision also acknowledges that there is no laws to unconditionally prohibit individuals or legal entities to receive bitcoins in exchange of goods or services. Taxes may be applicable to bitcoins.
Jordan Restricted The Central Bank of Jordan prohibits banks, currency exchanges, financial companies, and payment service companies from dealing in bitcoins or other digital currencies.[50] While it warned the public of risks of bitcoins, and that they are not legal tender, bitcoins are still accepted by small businesses and merchants.[50][51]
Kyrgyzstan No The Central bank of Kyrgyzstan prohibits bitcoin operations.[52]
Lebanon Restricted On 19 December 2013, the Bank of Lebanon issued a warning against purchasing, keeping or using digital currencies, citing volatility, potential losses, and other risks.[53] It also pointed out that the issuance and use of "e-money" by financial institutions and exchange institutions is prohibited under a decree issued in 2000.[53]
Lithuania Yes Bank of Lithuania released a warning in 31 January 2014 that bitcoin is not recognized as legal tender in Lithuania and that bitcoin users should be aware of high risks that comes with the usage of it.[54]
Malaysia Yes On 4 November 2013, Bank Negara Malaysia (BNM) met with local bitcoin proponents to learn more about the currency but did not comment at the time.[55] BNM issued a statement on 6 January 2014 that bitcoin is not recognised as a legal tender in Malaysia. The central bank will not regulate bitcoin operations at the moment and users should aware of the risks associated with bitcoin usage.[56][57]
Norway Yes The Norwegian Tax Administration stated in December 2013 that they don't define bitcoin as money but regard it as an asset. Profits are subjected to wealth tax. In business, use of bitcoin falls under the sales tax regulation.[58]
Philippines Yes On 6 March 2014, Bangko Sentral ng Pilipinas (BSP) issued a statement on risks associated with bitcoin trading and usage. Bitcoin exchanges are not regulated by BSP at the moment. BSP will be monitoring the possibility of bitcoin usage in money laundering and other illegal purposes.[59]
Poland Yes Poland made a first official announcement on the legality of bitcoin on 18 December 2013 stating bitcoin is "not illegal".[60] The announcement was made by Szymon Woźniak of the Ministry of Finance but further also clarified that while not Illegal, bitcoin cannot be considered legal as a form of tender, as yet.
Russia Restricted On January 27, 2014 the Bank of Russia issued a statement on bitcoin usage in which it was characterized as money substitute banned for emission in Russia. The Bank warned against potential illegal usage of such substitutes, including money laundering and financing terrorist activities. It also stated that exchanging money substitutes for any hard currency would be regarded suspicious.[61] In February 2014, Russia's Prosecutor General's Office claimed that bitcoin is a money substitute and "cannot be used by individuals or legal entities".[62] In September 2014, Deputy Finance Minister Aleksey Moiseev announced that a law will be passed banning their exchange into real money by Spring 2015.[63]
Slovenia Yes On December 23, 2013 the Slovenian Ministry of Finance made an announcement [64] stating that bitcoin is not a currency nor an asset. There is no capital gains tax chargeable on bitcoin, however bitcoin mining is taxed and businesses selling goods/services in bitcoin are also taxed.
Singapore Yes On September 22, 2013, the Monetary Authority of Singapore (MAS) warned users of the risks associated with using bitcoin stating "If bitcoin ceases to operate, there may not be an identifiable party responsible for refunding their monies or for them to seek recourse"[65] and in December 2013 made a followup statement regarding bitcoin stating “Whether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene”[66] In January 2014, the Inland Revenue Authority of Singapore (IRAS) has issued a series of tax guidelines on bitcoins. It is stated that bitcoin transactions may be treated as a barter exchange if it is used as a payment method for real goods and services. Businesses that deal with bitcoin currency exchanges will be taxed based on their sales of bitcoins.[67]
South Korea Yes There are no laws in South Korea regulating the use of bitcoin at present.[68] On December 12 2013, the president of the Bank of Korea recommended at a press conference that Bitcoin be regulated in the future.[69]
Switzerland Yes On 5 December 2013 a proposal was put forth by 45 members of the Swiss Parliament for digital sustainability (Pardigli), that calls on the Swiss government to evaluate the opportunities for utilization of bitcoin by the country’s financial sector.[70] It also seeks clarification on the Bitcoin’s legal standing with respect to VAT, securities and anti-money laundering laws.[71]
Taiwan Restricted On 21 November 2013, Perng Fai-nan, the governor of Central Bank of the Republic of China (Taiwan) (CBC) said that the central bank view bitcoins similar to precious metals transactions and has adopted measures to prevent money laundering in bitcoins.[72]
On 6 December 2013, Perng Fai-nan said that Bitcoins is only used in certain communities. Besides, he also opined that the value of Bitcoin is a bubble and is highly volatile. Therefore he advised the public against the speculation of bitcoins to prevent making a loss during the process. The central bank is closely watching the development of Bitcoin and plan to impose regulations in the future.[73]
On 31 December 2013, Financial Supervisory Commission (Republic of China) (FSC) and CBC issued a joint statement which warns against the use of bitcoins. It is stated that bitcoins remains highly volatile, highly speculative, vulnerable to cyber attacks, malicious defaults, theft, and is not entitled to legal claims or guarantee of conversion.[74]
On 5 January 2014, FSC chairman Tseng Ming-chung stated that FSC will not allow the installation of bitcoin ATM in Taiwan because bitcoin is not a currency and it should not be accepted by individuals and banks as payment.[75]
Thailand Yes In July 2013, Bitcoin Company Limited said it had given a presentation to the Bank of Thailand about how the currency works in a bid to operate in the country. At the end of the meeting, "senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that bitcoin straddles multiple financial facets... bitcoin activities are illegal in Thailand". The ruling means it is illegal to buy and sell bitcoins, buy or sell any goods or services in exchange for bitcoins, send any bitcoins to anyone outside of Thailand, or receive bitcoins from anyone outside the country.[76] However, since February 15, 2014, according to a letter from the Bank of Thailand, the current situation is that bitcoin can be traded in Thailand so long as it’s only converted to/from Thai baht.[77] So bitcoin cannot be used as a way of converting foreign currencies in the nation. Bank of Thailand says it has no plans to expand the laws to regulate bitcoin.[77]
Turkey Yes Bitcoin is not regulated as it is not considered to be electronic money according to the law.[78][79]
United Kingdom Yes Bitcoin is treated as 'private money'. When bitcoin is exchanged for sterling or for foreign currencies, such as euro or dollar, no VAT will be due on the value of the bitcoins themselves. However, in all instances, VAT will be due in the normal way from suppliers of any goods or services sold in exchange for bitcoin or other similar cryptocurrency. Profits and losses on cryptocurrencies are subject to capital gains tax.[80]
United States Yes The U.S. Government Accountability Office (GAO) reviewed virtual currencies upon the request of the Senate Finance Committee and in May 2013 recommended[81] that the Internal Revenue Service (IRS) formulate tax guidance for bitcoin businesses. On 25 March 2014, in time for 2013 tax filing, the IRS issued a guidance that virtual currency is treated as property for U.S. federal tax purposes and that "an individual who 'mines' virtual currency as a trade or business [is] subject to self-employment tax".[82]
On 18 November 2013, the United States Senate held a committee hearing titled Beyond Silk Road: Potential Risks, Threats and Promises of Virtual Currencies to discuss virtual currencies.[83] At this hearing, held by senator Tom Carper, bitcoin and other currencies were received generally positively, with it being stated that bitcoin was a "legal means of exchange" and that "online payment systems, both centralized and decentralized, offer legitimate financial services" by US officials such as Peter Kadzik and Mythili Raman.[84][85] It was noted, however, that the Justice Department's Criminal Division has seen an increased use of virtual currencies for illegal purposes such as drugs and child pornography.[86]
The FEC deadlocked on Nov 21, 2013 on whether to allow bitcoin in political campaigns.[87] Their decision was split across party lines (three members Democrat voting nay, three Republicans voting yea). While their decision covered group donations, political bitcoin pioneers New Hampshire House member Mark Warden[88] and Southern California politician Michael B. Glenn[89] acted independently in accepting bitcoin, and paved the way for others to follow suit.
In January 2014, the U.S. Securities and Exchange Commission (SEC) was focused on whether bitcoin-denominated stock exchanges were illegal, per its enforcement administrator, and inquired into the gambling site SatoshiDice listing shares on bitcoin exchange MPEx.[90] In May it warned investors that "both fraudsters and promoters of high-risk investment schemes may target bitcoin users".[91] The SEC charged and settled with the former owner of SatoshiDice in June 2014 for selling securities without registering with the SEC.[92]
The U.S. Commodity Futures Trading Commission stated in March 2014 it was considering regulation of digital currencies.[93]
On 8 May 2014, the U.S. Federal Election Commission issued draft guidance to U.S. politicians who want to receive bitcoin donations.[94] The Commission declined to declare bitcoins currency, stating they fit into its "anything of value" definition.[95] Also that month, Brett Stapper, co-founder of Falcon Global Capital, registered to lobby members of Congress and federal agencies on issues related to bitcoin.[96]
In June 2014 California Assemblyman Roger Dickinson (D–Sacramento) submitted draft legislation (Assembly Bill 129) to legalize bitcoin and all other forms of alternative and digital currency.[97] After the GAO had called for increased oversight of bitcoin, the Consumer Financial Protection Bureau warned consumers of bitcoin being risky.[98]
As of November 2014, there are no final rules at the U.S. state level yet. In March, the New York State Department of Financial Services led by superintendent Benjamin Lawsky had officially invited bitcoin exchanges to apply with them,[99] and on 17 July it published draft regulations for virtual currency businesses.[100] Businesses would have to provide transaction receipts, disclosures about risks, policies to handle customer complaints, maintain a cybersecurity program, hire a compliance officer and verify details about their customers to follow anti-money-laundering rules, per FinCEN.[100]
Vietnam Yes The State Bank of Vietnam released a warning statement on 28 February 2014 which states that the use of virtual currency bitcoin and other similar means of payment is not legally recognized and protected, according to the current law on currency and banking in Vietnam, and that investment in such the currencies was potentially very risky.[101]
671.
Post 10134649 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
Somebody wanted to pop Bitcoin's ATH myth like it was a virgin sacrifice. Big deal. Now they are afraid to drop it below the previous bubble's low or $60. I want to see them drop 8000 BTC on stamp in one sell order to get it that low.
They can easily force it to 1$ or lower. They have unlimited supply of database coins.
That's what Gox did and why you shouldn't trust exchanges.
672.
Post 10134831 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
Party at the bottom!
673.
Post 10134840 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
Remember, it's about the Blockchain, not Bitcoin!
674.
Post 10135063 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
675.
Post 10135445 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
despair?
Bitcoin tought me that after despair comes even more despair.
Bitcoin taught me dumps attract bears.
676.
Post 10136386 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
677.
Post 10136432 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
This is what you get with unregulated markets. It has nothing to do with Bitcoin. If the stock markets were unregulated like this, it would destroy our civilization.
678.
Post 10136459 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
This is what you get with unregulated markets. It has nothing to do with Bitcoin. If the stock markets were unregulated like this, it would destroy our civilization.
Human nature is a key factor in the equation.
This is how they should play all sports. No time out. No periods. Fight to the death.
679.
Post 10136501 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
This is what you get with unregulated markets. It has nothing to do with Bitcoin. If the stock markets were unregulated like this, it would destroy our civilization.
i guess you're right, the decentralized dream is just anarchy with a better name
This is the BTC/USD - Bitcoin price movement tracking & discussion
I wasn't aware USD was decentralized.
680.
Post 10136627 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
This is what you get with unregulated markets. It has nothing to do with Bitcoin. If the stock markets were unregulated like this, it would destroy our civilization.
'Won´t happen, because there are NOT additional 3800 shareholder stakes generated every day.
No there are millions.
681.
Post 10136652 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
Anyone else coming back from bed? yawn!
Is there blood on the streets yet?
no Blood would be like -10% or even more. This is just a 5% sting.
Wait and see how this develops before buying.
Now we can call it blood on the streets. I hope everyone knows what this means.
Je Suis Hodl!
682.
Post 10136943 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
I am buying atm. So go a head and make fun of me. I do not understand why so many people post negative stuff about bitcoin on this forum. If you do not like the smell in the bakery, why do you not leave? Is your life so uneventful, that you have to post on this forum about something you hate? I do not believe anyone feeding the FUD here on the forum have any good intentions. I bought at 30, at 180, at 266, at 700 and now at 231. I mine also. I use BTC, I trade, and I make a living of it. A good living. If it go to 0, thats is just life. Life is so fantastic and improbable, that we should all be happy to exist. Hate us, fine. Just why not start a forum called anti-bitcointalk.org? Why not start an echochamber of your own.
At this point my ignore button has a hair-trigger.
683.
Post 10136970 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
the bragging about buying at 10 and still holding after 1000 bubble are my favourite lines.
Especially when they barely feel empathy for someone who bought at 900 and still praise bitcoin beyond rationnal thinking. Because everybody did buy at 10 of course and do not care about the drop. Being on top of the ponzi scheme is less hurtfull ya know
Because many of us bought at 25 and watched it go to 2. That is a much worse drop, yet many survived that held for two years.
684.
Post 10137118 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
If you don't have an order in now the upcoming DDOS attack will block you later.
685.
Post 10137745 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
I don't see any regulators particularly interested in protecting any Bitcoin accepting merchants.
686.
Post 10137858 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
I don't see any regulators particularly interested in protecting any Bitcoin accepting merchants.
You got what you wanted?
Not me. I've been against these exchanges for years. I want licensed brokers trading bitcoins on the markets.
687.
Post 10138137 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
first tears, then blood
then tears of blood
Did True Blood start already?
688.
Post 10139136 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
689.
Post 10139356 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
690.
Post 10139471 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
Where i can get that image but in a bigger size?
691.
Post 10139536 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
supply/demand
Why buy if supply is willing to dump for cheap, it's not as if bitcoin is going away... so just wait patiently until the bears/trolls have gone home.
It however saddens me that so many people who do not believe in something, have such a sad life that they can get joy out of making fun of others believes. That's just sad.
Welcome Newbies, for an education on trolling, have a look at @JorgeStolfi and @NotLampchop(aka silverspoon) their post history.
If you prefer dull never ending lines of text, go for Jorge's posts.
If you prefer the "Picture Edition", go for NotLambchop's posts.
Greetings
EDIT: CCMF, I'm first on page 10748.
Well said
692.
Post 10140167 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
Buying won't solve the real problems. It will be a temporary fix until it happens again.
693.
Post 10144050 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
Looks like Doge is outperforming Bitcoin and the best bargain. I guess the shibes were right!
694.
Post 10144542 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
Bears are fucking ruthless creatures aren't they?
695.
Post 10144592 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
696.
Post 10145502 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.47h):
The good news is that the network distribution is well balanced.
Weeeelll, yes,
all the top 4 companies would have to collude in order to launch a 51% attack (e.g. to take 100% of the rewards, by ignoring blocks mined by other miners and thus orphaning them).
Which is very overt and public. They don't do that because it would only cause a temporary disruption and would end their businesses and all future profitability.
697.
Post 10145916 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
What are [the "trolls"] gonna do with their lives if Bitcoin really does die?...
I don't think that bitcoin will die so soon. Bitcoin does not need to be worth more than 0.10$ to fullfill its purpose of a proof of concept, and will find plenty of volunteers to keep it running, even at that price.
What
may die is the economy that was built on top of it, that assumed it would
replace national currencies replace paypal replace Western Union become the 'gold backing' for a multitude of better altcoins.
Everyone will lose interest in this and every other public forum. The next crypto will be supported and premined by central banks. There will be nobody that cares about your trolling then.
698.
Post 10146552 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
699.
Post 10146866 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
Interesting how LTC isn't going with this at all recently. It's risen quite a good bit against BTC because its price has been a lot more stable while BTC has been free falling. Maybe LTC just can't be made more dead than it already is.
Yeah they think that people will abandon one failing crypto for another.
700.
Post 10147876 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
M.O.O.N. spells flash crash.
701.
Post 10147915 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
i'm locked in for 10 minutes to buy something with btc at 194. should i just do it? or will it rebound?
buy and replace or just do it.
702.
Post 10148661 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
For the people lamenting how horrible the fall of the long term log trendline is, and how that's never happened before, here's a blast from the past (in two ways
):
A
multi-year long term trend line break. No, it never happened before.
Bro, do you even fractals?
Edit: Actually, that trendline of mine is multi year too. 2 years.
Mtgox trend line: End of 2010 - end of 2011. --> 1 year.
Stamp trend line: End 2011 - beginning of 2015 --> 3 years
I wouldn't talk about fractals for long term trend line, when the actual lenght matters.
Yet the length doesn't matter. The underlying principle is the same. Let's agree to disagree.
He doesn't seem to know the definition of a fractal. No dimensions matter.
703.
Post 10148693 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
I'm ready for another round of that freshly squeezed bear blood!
704.
Post 10148871 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
Is that whalebear coming back or did we nail it?
705.
Post 10148892 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
In the movies, the scary monster always comes back after you think they killed it.
706.
Post 10149002 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
707.
Post 10149031 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
CCMF
708.
Post 10149041 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
Welcome new early adopters! Are you enjoying your 30% increase today?
709.
Post 10149124 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
'Murica has very few places to buy bitcoins. Taiwan has 5000 local convenience store to do so.
710.
Post 10149290 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
so bitcoin is just a huge joke now?
It has always been entertaining.
711.
Post 10149926 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
I think there is no rally at all, just an another dead cat bounce.
You know Isaac Newton went Flat Broke Chasing a stock bubble.
Bitcoin is not a stock.
712.
Post 10150186 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
I think there is no rally at all, just an another dead cat bounce.
You know Isaac Newton went Flat Broke Chasing a stock bubble.
Bitcoin is not a stock.
It's was a bubble though
bitcointalk google search: dead cat bounce
About 2,150 results (0.19 seconds)
713.
Post 10150263 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
18? He should be in Iraq beating women and children with rifles.
714.
Post 10156713 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.48h):
I see a lot of other cryptos being developed that offer exciting possibilities for managing data and assets, but none of them are a safe store of value. They all rely on trusting human input. Only Proof of Work can serve this task transparently. Bitcoin is still a vital technology.
715.
Post 10157869 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
What I hope the further dip would achive is to Kill these pointeless shitcoins and people would start focusing more on important stuff. That is if BTC itself survives ofcourse
Bitcoin is a useless shitcoin. There are better alt coins.
If BTC dies they all die.
Bitcoin won't die but altcoin exchanges won't be able to afford to stay up.
716.
Post 10158199 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
this smash down has to be stolen coins being dumped.
No, stamp is using bots to press down the price.
Hey, what do you want for free?
717.
Post 10158456 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
CCMF!
718.
Post 10158483 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
I feel like the last 13 months were a dream and I just woke up to great news!
719.
Post 10158637 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Price just went from $280 to $165 the last 48 hours, bulls tells you everything is OK... price bounced back to $185 (+20) and bulls start posting CCMF ... are you really this desperate ? you should be selling when you were profitable....
BTW, just please don't think about harming your self when we hit single digits, OK ?
Oh you're still here? Cool. CCMF!
720.
Post 10158717 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
With all the crazy things going on in the world, the things I can depend on always being there are greed, fear, and Bitcoin.
721.
Post 10159132 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
The next 24 hours are critical!
722.
Post 10159167 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
CCMF = Cryptographically Committed Money Fools
723.
Post 10159190 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
CCMF = Carnal Cretin's Master Funk
724.
Post 10159273 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
CCMF!
725.
Post 10159310 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
CCMF!
726.
Post 10159330 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
This train may slow down, but it don't stop!
727.
Post 10159383 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Thanks. I didn't get much sleep last night. This will help.
728.
Post 10159412 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
729.
Post 10159533 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
You guys get too happy over bounces. At least pretend to still be in despair if you made a nice low buy in the past 24 hours. Why make whales think they need to push this further than it has already gone.
Go ahead and sell your coins cheap, Mr. Whale? Honeybadger don't give a fuck.
730.
Post 10159599 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Who are the "Four Punch Raiders?"
731.
Post 10159785 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
For whats it worth, I am a fan of Btc and have been following since last Nov, but I must say, The TA on here has been atrocious.
And please stop with the cheer leading posts, its laughable
ccmf posts make me cringe
They hate us because they ain't us!
732.
Post 10159818 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
733.
Post 10159831 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
I lost as much as anyone, but fuck it! You gotta be in to win!
734.
Post 10159994 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Train ran out of coal?
Dude, we need to rebuild the tracks first.
735.
Post 10160235 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
CCMF!
736.
Post 10160265 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Stop with the ccmf. Not yet, not yet. When it happens, you will KNOW.
I will post no train before it's time.
737.
Post 10160471 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
We need a reset to 2 or even 1 digit numbers, before the story with mtgox and its money from thin air. Maybe another bearish year will fix bitcoin.
Not until it is 100% guaranteed that another gox/stamp won't happen.
738.
Post 10160551 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Throwback 2011:There doesn't seem to be a great deal of new capital entering the system...
Bitcoins are still being mined, and some fraction of those are sold to pay for electricity. There's enough new capital coming in every day to pay for the electricity.
I can agree with your first two assertions, but I don't see market evidence of the last one. If substantial amounts of capital were being brought in, there would be a number of indicators of that (most notably that the market would be trending up rather than down).
739.
Post 10160573 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Throwback 2011:There doesn't seem to be a great deal of new capital entering the system...
Bitcoins are still being mined, and some fraction of those are sold to pay for electricity. There's enough new capital coming in every day to pay for the electricity.
I can agree with your first two assertions, but I don't see market evidence of the last one. If substantial amounts of capital were being brought in, there would be a number of indicators of that (most notably that the market would be trending up rather than down).
where's the timestamps?
I took them out so folks won't necro them. They are easy enough to search.
740.
Post 10160613 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful' - Warren Buffett
741.
Post 10160797 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
742.
Post 10160938 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
743.
Post 10161164 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
I wonder what his SEC 13F says about that?
744.
Post 10162079 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
CCMF!
745.
Post 10162719 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Bulls entering.
Time to sell some of the BTC bought below 170$.
30% profit in 1 day! THANKS bitcoin nutters.
Good job locking your price in at 213, buddy!
746.
Post 10163217 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Good job locking your price in at 213, buddy!
The most important thing I learned about trading (stocks, gold, crypto, ..) is profit locking.
A virtual profit is worth nothing.
Oh look, the price is 215 now! You are losing profits!
747.
Post 10163362 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
748.
Post 10163466 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
749.
Post 10163641 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
CCMF!
750.
Post 10163652 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
I will buy some BTC at $70 in a few months
Indubitably.
751.
Post 10163676 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
It is allways nice to see some 2011 members in this threads.
It is a clear sign that some massive profit locking will come soon (only tards never cash out in good old fiat).
It depends on how you define "cash out" when you are talking about trading. I would prefer we didn't have these gox model exchanges, but since we do, they are fun to play with a little.
752.
Post 10163761 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Gentlemen.
The Bitcoin code of the Axis of Evil has been broken by our brainy lads at Bletchley Park.
Your crypto reign of terror is at an end. All further resistance is futile.
Our Chinese allies are already mopping up your cowardly demoralized troops.
753.
Post 10164547 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Of course. Look at those buy walls building it. A few hours of green candles does not a fundamental turnaround make. :-)
But the hours of green candles handle to unload some coins. Love to see bulls (and sheep) money burned and lives destroyed.
You sold at what 213? You are losing money, but I get no pleasure from that fact.
754.
Post 10164625 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
nice dead cat bounce
bitcointalk Google search:
dead cat bounce
About 2,130 results (0.30 seconds)
755.
Post 10164646 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Here comes the bear trap.
756.
Post 10164689 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Of course. Look at those buy walls building it. A few hours of green candles does not a fundamental turnaround make. :-)
But the hours of green candles handle to unload some coins. Love to see bulls (and sheep) money burned and lives destroyed.
You sold at what 213? You are losing money, but I get no pleasure from that fact.
No, I sold 90% of my considerable amount above 800$.
And I bought below 175$. The 10% left I use for day trading. It is more fun than in the casino. And I really do not care to lose it all. What are a few 10k CHF ?
No offense, but I earn that play money in a few days working (not in my mothers basement).
Yea. My big holdings of 0.1btc are worth now 22$ instead of 17$
Will I be rich soon? Please?
757.
Post 10164739 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.49h):
Here comes the bear trap.
no the pump was just a dead cat bounce
We already saw the double bottom. We're still up 9% after the drop. That's not a dead cat bounce. You can call it a prolonged bull trap, but we already hit bottom twice. The cat ain't high enough to bounce.
758.
Post 10171218 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Hello bulltards.
I am back. With even more fiat and BTCs.
I told you in december 2013... but you did not want to listen. Hopefully you lost a lot of BTC or FIAT or BOTH!
Ok, so you got lucky and made a good call. So what? You are nothing but a trader that knows how to take advantage of this legacy centralized trading system. Guess what? Decentralized markets are coming and you will be a clueless as everyone else how they unfold. So enjoy your spoils of war, because they will be among your last. Go gloat to your Wall Street buddies that made billions ripping off hard working people. No? That's because you are not one of them. You are not one of us either. Holding bitcoins makes you lose nothing, and you will never understand that.
759.
Post 10171386 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
This is my theory, Mark is not A DPR, Ross is. Ross is the mastermind behind SR and when you are dealing with something like SR, its not easy to cashout. So he probably made some sort of money laundering agreement with Mark to help him cashout. Authorities found connection by tracking bitcoin movement and they pushed Mark. Mark is not a hero, he is probably afraid of his own shadow and he probably broke and made an agreement with authorities to reveal who DPR is and agreed to hand out 850 000 BTC for his freedom, to destroy biggest btc exchange and to vanish and never get involved in bitcoin again.
760.
Post 10171547 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Hello bulltards.
I am back. With even more fiat and BTCs.
I told you in december 2013... but you did not want to listen. Hopefully you lost a lot of BTC or FIAT or BOTH!
Ok, so you got lucky and made a good call. So what? You are nothing but a trader that knows how to take advantage of this legacy centralized trading system. Guess what? Decentralized markets are coming and you will be a clueless as everyone else how they unfold. So enjoy your spoils of war, because they will be among your last. Go gloat to your Wall Street buddies that made billions ripping off hard working people. No? That's because you are not one of them. You are not one of us either. Holding bitcoins makes you lose nothing, and you will never understand that.
Wait. Do you know where you are? This is the Speculation forum, where money changers come to make money & layabouts come to gamble. There are no "hard-working people" here.
Or, at least, shouldn't be, after all the warnings I've posted.
Face it, the d00d's just better than you at this. Give credit where it's due.
I did give him props. BTW, why didn't you speculators predict the oil, stock, and euro crash? Is it because you are only broken clocks hoping to be right once in awhile? Sure this is the speculation forum where we discuss relevant events that effect the market. It's not a pulpit for end-of-days street preachers.
BULLISH!
761.
Post 10172052 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
i lol'd
762.
Post 10172091 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
763.
Post 10172549 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Sounds a lot like e-gold and we know how that went down.
764.
Post 10173240 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
So, where are these whale buyers?
I'm not sure what they will do now. One thing for certain, they won't put millions on an exchange that can just lose their money. And I doubt OTC traders will dump much at these prices.
765.
Post 10173273 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Oh my:
Stolen from another thread.
766.
Post 10173462 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Looks like it is about Factom:
Factom's simple extension of the Bitcoin blockchain, allows users to run their own personal, provably immutable ledgers. Users and applications, also have the ability to define which information is stored in the ledgers. "Foactom lets you use the blockchain without forcing you to use the currency,"
Factom? I didn't even know 'em!
767.
Post 10173973 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Peter Kirby: "Making exchanges honest is one of the first projects that's being done on Factom. You can run a proof-of-audit on steroids - letting you produce a true audit trail of every transaction at every moment. That'll really get businesses to sit up and notice.
The other application that will pop up right away is Title Records - because they secure such a large portion of a country's wealth. We've already had a country reach out to us about building a Title Application using Factom/Bitcoin Blockchain.
Amazing news. Source?
The jackals will love this.
768.
Post 10175747 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Discounting China's fictitious numbers, there are < 24k bitcoins listed on the exchanges. That means the market is leveraged against 14M BTCs at roughly 600:1. It's amazing what people believe when someone writes it down.
769.
Post 10181102 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Hundreds of times i had to read here how we needed to go down so everyone would started buying again. Now we're at 200 and as mentioned above nobody is interested. Time to face reality.
It's been 6 years. 6 years!
yeah, and it gained like 10000000000000000000000% in those 6 years...why do you say bitcoin is bad long term investment again?
Just because something turned out to be a good buy at $5, doesn't mean that it would be a good buy at $500.
Your lack of understanding is what makes this so exciting. You are right though, the people that really understand Bitcoin are already highly leveraged. It's actually a good thing it's staying low. Now more people that get Bitcoin can afford it before the speculators jump back in.
770.
Post 10181443 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Bitcoin tutorial for buying stuff :
Instead of buying things directly and easily with your fiat which is way too simple and convenient, be original, use it to buy bitcoins (if you manage to find a way to do it) and then pray for it not losing 20% of its value during the time you'll make your purchase.
Done. See easy.
Bitcoin business :
Bitcoin is the ideal currency for opening a safe business. It's proclaming itself as a currency but it's way much more, guess what, it's behaving like a friggin asset, you'll love the volatility ! Secure your business and accept bitcoin now !
Be part of a new world of freedom, be part of the ponzi !
There are bulltards who bought 100(or more) btc at $10(or less) (invested $1,000) and sold 2 btc at $1,000 ($1,000 profit). Keep posting memes. (98 btc left) and we are buying more.
The difference is:
In the past you could accumulate with 10k $ a lot off a limited supply (bitcoin) -> wait for the
pump and dump!
Today this is not possible, because you need a
shitload off bagholders to push the price to the moon.
But yeah, some early adopters still try to push the price, because some were to stupid to ever
lockin some profits and get out partially.
thanks for telling the truth, we need more people like you
In the past people bought thousands of bitcoins at less than one cent. They sold a few hundred of them at ten dollars and us bag holders that bought them had to endure their memes while they pumped the price to 30. I know how you feel, buddy.
771.
Post 10181716 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Later bitcoin will worth back to $1 $0.1 $0.01 $0.001 ... nothing
The dollar will go to nothing before bitcoin. Every national paper currency that ever existed in all history eventually lost all face value. The dollar will too. Bitcoin is different because it is not national or paper. The sovereign backing Bitcoin is the internet.
772.
Post 10181934 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Later bitcoin will worth back to $1 $0.1 $0.01 $0.001 ... nothing
The dollar will go to nothing before bitcoin. Every national paper currency that ever existed in all history eventually lost all face value. The dollar will too. Bitcoin is different because it is not national or paper. The sovereign backing Bitcoin is the internet.
Your right...unfortunately when this happens the most valuable thing will be food, water, shelter and bullets....not BTC
Only if you are a bag holder left with US citizenship and a mattress stuffed with Federal Reserve notes.
773.
Post 10182229 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Dogecoin Breakout imminent...
1D and 3D crossovers happening and the 1 Week is about to crossover for the first time in over a year
It's a puppy trap!
774.
Post 10193380 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
That pretty much sums it up.
For users it needs more adoption, it cost most people to acquire bitcoins and the price fluctuates every minute.
well kinda being an ass here...but here goes:
1) 2013- 2014 price bubble popped
2) 2014-2015 (now) the miner/data hall bubble popped
3) 2015-2016? the adoption/USEAGE?infrastruture/as an actual means of use for bitcoin/and alts...now that...... bubble pops?
(ie slowdown of bitcoin/altcoin/adoption due to above other 2 bubbles with price tanking and press FUD) (i hope not just saying)
hope I am incorrect....but if adoption is the next bubble we are all screwed!
3.5) the moment IBM and Samsung realize they need Bitcoin for their Internet of Things to be monetized.
775.
Post 10194195 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
sucker rally.
It's too early to tell, wait and see where it corrects. A bull market also starts with pumps, but this one does look artificial to me.
I don't think an artificial pump , would get people to put in buy orders as the price is too volatile at the time and over 200 might not be the best buying time for now.
More artificial than tits on a stripper.
776.
Post 10194398 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.50h):
Must be the lack of good news from Miami that price didn't drop.
777.
Post 10200854 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
It looks like our Rule of Thirds and Superstitious Numbers is playing on 1300. 13 is a lucky number for the Chinese. The Western bears are satisfied with 200 +/- 10%.
778.
Post 10201209 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
troll weather report : usual hate-filled trollers with general overcast outlook of negative nattering nay-bobs.
however drugs, guns, and terrorist talk drying up.
BULLISH!
779.
Post 10201445 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
Bitcoin is the World's Best Performing Currency of the last 24 hours!
780.
Post 10201555 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
Bitcoin is the World's Best Performing Currency of the last 6 Years!
781.
Post 10201754 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
Now that free trading on Stamp is over there is nothing to feed the Finex bears. Nowhere to go but up.
782.
Post 10202307 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
This is the face of the bear cultists. And he's been at it since 2011.
The thing with the face of Bitcoin Cultists is they become villains after some time.
like this guy:
http://youtu.be/zeJSRboDb2AThey then become the face of the Comedy Cultists, this happens consistently
... and they never go back.
"You either die a hero, or live long enough to see yourself become the villain."
783.
Post 10203623 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
Was going to wait for the $100's, but I saw some night signs a few places in the Bay
I'll buy a few fuck it!
$250
wow some good sign ? what is it ? 10k ?
Really nice Billboard space two exits before the Bay Bridge on the 101.
I'll take a picture in about 10 minutes and update.
I'm guessing Bitcoin Jesus has touched the Earth.
784.
Post 10203708 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
Was going to wait for the $100's, but I saw some night signs a few places in the Bay
I'll buy a few fuck it!
$250
wow some good sign ? what is it ? 10k ?
Really nice Billboard space two exits before the Bay Bridge on the 101.
I'll take a picture in about 10 minutes and update.
I'm guessing Bitcoin Jesus has touched the Earth.
If that's what we are calling Paypal now. Then it appears so. Walking out the door now
Roger Ver has been known for billboards. Now he's on wanted posters.
kidding!!!
785.
Post 10204938 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
It looks like we're heading into a Lesser Rule of Thirds cycle. The superstitious numbers have held well and gave the traders enough confidence to take it up a notch.
786.
Post 10205207 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
People that believe in bears and bulls that trade.
Oh my!
787.
Post 10215581 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
Bitcoin is a toxic brand that is unmarketable pretty much everywhere).
But Bitcoin still has a very important role: a central pivot point into emerging developments (such as Ripple, Stellar, NXT,...)
Without Bitcoin surviving for at least another year, they will find their job very, very difficult. But as time goes on and deals are done with banks and governments, the Bitcoin pivot will become less and less important.
It's in everyone's interest to keep the old steam engine serviceable for another while yet!!!
Bitcoin, while as a currency is not doing as well as hoped, is being re-branded as The Blockchain in the media. Bitcoin outputs will become various assets and reserve currencies. Ripple and Stellar will be replaced by Tether. NXT and all the other stake-based asset discussions belong elsewhere. Bitcoin is in a chrysalis state and will be reborn as a much more powerful and robust asset class.
788.
Post 10216030 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
Please don't post anything that isn't relevant and important. This has been a public service announcement. Thank you.
789.
Post 10216887 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
790.
Post 10217905 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.51h):
Why is the price going up in reaction to good news?
Is the topsy turvy world being flipped right side up?
Cat's out of the bag. Time to get long.
The cat's dead anyway. Just let it bounce.
791.
Post 10243148 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.52h):
It can't even hold a Lesser Rule of Thirds cycle. Back to 180. PUUUUURRRRGE you non-believers. Cleanse yourselves of filthy bitcoins!
792.
Post 10243329 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.52h):
793.
Post 10243350 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.52h):
794.
Post 10243673 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.52h):
- 6 jan: bitcoin exchanges are closed to the general public and only open through licensed and regulated brokers.
I wasn't too far off. Maybe we should be thinking about a new way to do exchanges.
795.
Post 10263176 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
probably, but it wont be the one you've been hyping here for weeks!
If I were to venture a wild guess, I would say
Realcoin I mean Tether.
796.
Post 10263205 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
797.
Post 10263305 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
798.
Post 10263352 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
Welcome New Early Adopters that got in pre-200! Are you enjoying the ride?
799.
Post 10263395 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
Aw c'mon now! No dead cat bounce comments?
800.
Post 10263419 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
Aw c'mon now! No dead cat bounce comments?
Dead cat bounce.
801.
Post 10263650 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
If we can just hit $319-327 I can load up the juiciest short & enjoy profit-taking as it dumps back to low-mid-$200's.
Why not sub-200? Well, because I'm afraid CBase+Gemini, as well as the gigantic funding round recently, have truly changed the landscape - this bullishness is now embedded at multiple deep layers, and it should take several months to even have a chance at bringing in another huge capitulation like we just had..
300 is a Major Rule of Thirds support if it holds for a reasonable length of time. We may flirt with a Lesser Rule of Thirds at 330, but 280-300 could be here to stay.
802.
Post 10263814 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
Coinbase: "Hey Wall Street, is it ok to buy some bitcoins with this cash? It's so cheap right now"
Wall Street: "Fuck yeah! Who do you think you're asking for permission?"
803.
Post 10263913 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
Realistically I think this rally might end with the coinbase news announcement later today.
Why?
804.
Post 10263940 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
Realistically I think this rally might end with the coinbase news announcement later today.
Why?
Typical 'buy the rumor, sell the news'-thing may happen.
Yeah, that superstitious meme needs to die in a fire.
805.
Post 10264172 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
pump accelerating, top soon
still people here buyin ?
you should be buying too. do not be that guy
no thanks, price rising doesn't make bitcoin better than yesterday
Maybe not, but it sucks less than being like you and not hodling.
806.
Post 10264537 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
Don't get Left Behind.
807.
Post 10264907 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
808.
Post 10265156 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
Buy the rummer sell the news? I think coinbase news is now fully priced in. Question is what will Wiklevoss twins say...
As long as the price stay below 380 it's okay.
Otherwise they killed bitcoin.
Correction to 280$ would be healthy right now.
After 2014 a correction to 480 would be even healthier.
809.
Post 10265541 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
Aw c'mon now! No dead cat bounce comments?
Dead cat bounce.
810.
Post 10265564 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
811.
Post 10266668 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
And there we go to 270$
People already dumping
But what made them start dumping and killing BTC again??? What's in the news that's taking down BTC?
Coinbase posted site with countdown which ended 8 minutes ago. It said to the moon and that's it. Now they annouced exchange and people sell
"Buy on the rumor, sell on the [opening] news."
Classic trading strategy.
Everybody knows this. That's why it works so well. Always choose paper. It always wins. Everyone knows this.
812.
Post 10266923 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
You know the old saying: "Buy on rumor, bear trap on news."
813.
Post 10273509 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
There is no evidence of superstitious trading. Trade only bitcoins you can't afford to buy back at 350.
814.
Post 10274605 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
it's over guys
yes it's just a matter of time before we go there, still money to be made on the way down, thanks to the clueless bulls who'll keep buyin because they saw a moon in they cereal bowl
Yeah, I'm waiting for it to go to negative numbers so you pay me to buy them. Either way, Bitcoin can't die.
815.
Post 10278157 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
Looks more like a B-cup, but bullish either way.
816.
Post 10278824 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.53h):
eleventyleventyone!!!11111!!!!oneone
817.
Post 10297434 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.54h):
well, they are a little late with their addition to the altcoin sphere but hey... everyone is free to try it
P.T. Barnum said it best.
818.
Post 10306873 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.54h):
819.
Post 10306881 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.54h):
This market is like dubstep.
820.
Post 10307458 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.54h):
There are several Bitcoin exchanges in that country, but they don't have enough money worth suing for.
821.
Post 10307815 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.54h):
When you say rickrolled are you referring to the "lunar launch"? tbh I took that with a pinch of salt, they played on the moon meme, and the lunar name, it was cute but it never meant anything... Surely no one thought that meant anything other than the opening of the exchange? (which I do wonder if they rushed because of Gemini)
They had this hidden in the source code of the lunar launch.
https://www.youtube.com/watch?v=BROWqjuTM0g*backs away slowly and presses the ignore button.*
822.
Post 10316353 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.55h):
The Hodag, The Jackelope, and The Weekend Dip.
823.
Post 10326490 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.55h):
It looks like a hidden buy wall at stamp at 218.
824.
Post 10327723 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.55h):
Actually, darkcoin recently moved to Bitcoin Core.
It now solves the Coinbase problem.
All the Bitcoin Core APIs work, yet no tracking and randomly shutting down accounts because someone got out of bed on the wrong side.
Otoh could be cornering the market for all we know.
As long as it uses electricity it will be traceable.
825.
Post 10327946 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.55h):
826.
Post 10328059 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.55h):
The cat will get to the moon... eventually.
827.
Post 10342275 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.56h):
Look, we're likely going back down and everybody knows we're going back down unless we aren't, in which case somebody knows we're going up because he has enough fiat to float the entire worldwide market. What're the odds of that? Somewhere between zero and fifty percent which means whether you're in fiat or coin, it's too damn risky to be leveraged either way unless you posses some asymmetric information.
Indubitably.
828.
Post 10342316 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.56h):
Whomever is buying can keep buying at a bargain, or it's time to wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub wub
829.
Post 10342511 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.56h):
830.
Post 10343279 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.56h):
This is worse than waiting for the bass to drop.
831.
Post 10343472 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.56h):
This is like dubstep. Just standing around almost nobody trading while the price goes up. Suddenly the bottom (bass) drops and everyone goes crazy.
832.
Post 10343637 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.56h):
Sorry for off topic, but so many here are talking about hired trolls so... could anyone tell me (or send a private message) how can one get money by trolling? Sounds more like a myth but...
Sounds like a good idea. Maybe they offer recruiting incentives.
833.
Post 10345169 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.56h):
Wait for it...
834.
Post 10352858 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.56h):
There Satoshi will reveal himself, make a short but moving speech, and then the Kool-Aid will be served.
Nah, they are catching a flight there on Extraordinary Rendition Airlines.
835.
Post 10392235 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.57h):
Jorge,
What metric would you use to consider bitcoin a success?
I mean a minimum success you would think about personal use.
Is there a daily equivalent a USD transacted that equals minimum success or a number of transactions (excluding change if that could be quantified)?
What about use for the supply chain? I.e. sell goods for btc and pay for wages or purchase supplies with that btc
I was asked this soon after I started posting here, and my answer is still basically the same:
Bitcoin will be a success (as a currency) when a significant number of people spontaneously choose it to pay for
legal purchases,
because it is better for them than the alternatives. "Better" may include cheaper, safer, simpler, faster, or any other operational advantage.
Here's another fallacy:
cart before the horseIt is in fact cheaper for online transactions, safer for protecting your identity, simpler for international transactions, faster for online payments, and more secure
But I would not count people who use it just out of curiosity, because they are invested in bitcoins, for political/ideological reasons, or because they are interested in the technology.
That's why VCs are wealthy and you are not. They recognize the value of ideas and help them get executed, while you troll.
I don't see that happening yet.
But I'm sure your hindsight will be 20/20
However, since then I have come to realize that bitcoin was never intended for large-scale use,
Yes he addressed scaling in the whitepaper.
but only to test whether the solution proposed by Satoshi to the "distributed ledger problem" (block reward + proof-of-work + longest-chain-wins) would indeed motivate the miners to maintain the ledger and protect it from malicious attacks.
The experiment has been running for 6 years, which is remarkable; but it exposed one flaw -- the centralization of mining -- which may require another genial idea to solve.
You are contradicting yourself here. You say the ledger is protected from attacks and then say it is threatened by centralization. Satoshi addressed this in the white paper as well.
836.
Post 10395815 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.57h):
It is in fact cheaper for online transactions, safer for protecting your identity, simpler for international transactions, faster for online payments, and more secure
Yeah, how stupid are people for not seeing that.
Shout it from the mountaintop! I wish all teachers would just tell their students they are stupid. They world would be a lot better off. Education is a waste of time and money.
837.
Post 10411920 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.57h):
Too early to tell conclusively but could another big diff. increase be ahead ?
Bitcoin Difficulty: 44,455,415,962
Estimated Next Difficulty: 47,324,210,159 (+6.45%)
Adjust time: After 1935 Blocks, About 13.3 days
Most likely it will continue to bounce up and down and not change much for awhile. When price spikes again, we'll see diff spike lagging.
838.
Post 10413806 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.57h):
839.
Post 10435027 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.58h):
What the heck is going on with BTC? Who the hell is dumping 'em and why?
The spring is being wound up tighter.
840.
Post 10435123 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.58h):
Bitcoins man...they keep getting cheaper and I keep getting richer.
Any logic behind it? Can you share it through PM? I also want to become richer, who else doesn't...
If you have to ask, you don't get Bitcoin.
841.
Post 10444314 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.58h):
842.
Post 10474126 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.59h):
silverfuture: you spread fucking FUD, you motherfucking one world order-bitcoiner
you are an disgrace to bitcoin, generally crypto currency and crypto finance as a whole
Vote with your own money, it's your choice.
Edit: did you buy your monero with $$$ or with
BTC?
Are there any non-BTC exchanges?
843.
Post 10485791 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.59h):
Conspicuous consumption is taking hold here in the Philippines. Fortunately they fight back against corporatists with strict school uniforms and lots of counterfeiting. I am hopeful that the Philippines will be one of the first nations to really embrace Bitcoin.
844.
Post 10487147 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.59h):
The big question really is how does Apple justify charging their high prices when their products are so pathetic.
My Sony XperiaZ Ultra retails for about the same as an iPhone but it is packed with high-end features.
I have even less love for Sony. Nearly every 3-chip camera I bought had dead pixels. But they had the best color for my needs so I dealt with it. My two Sony phones (one an Experia) both died within 2 months. IMO, Sony quality died with Betamax and Trinitron. I have a strong love/hate relationship with Sony. I have no love for Apple because they basically used the education system to inculcate children with their almost religious marketing.
845.
Post 10488241 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.59h):
cooked to the upside cooked to the downside ... i wouldn't be at all surprised if the great majority of the volume and ask and offer orders conducted on these unregulated exchanges is being done by the exchanges themselves ... which has been repeatedly evidenced every time one of them goes down and shows the "actual" book ...
True, we need a regulated exchange or even better a decentralized one
We need both. Regulated exchanges will satisfy the institutional traders and DEXs can serve as arbitrage.
846.
Post 10496408 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_13.59h):
Going up.
847.
Post 10767265 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.04h):
I do not deny that there is a huge currency war ongoing, but Bitcoin is lightyears away from taking any part in this game. It barely got a ticket as a spectator. He´s sitting in the back row, on a broken chair, in the rain watching the big boys play dreaming of a better future for himself when it grows up. But i fear that that his dreams will burst like a bubble... which will lead to another another teenage suicide for the statistics
So many other "next big things" are already waiting for him in the forest of suicides.
That spectator is a pregnant teenager that was raped by those players on the field. Her child will be Bitcoin 2.0 and they will pay for their crimes.
848.
Post 10820765 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.05h):
Good morning gents. Are we done dumping yet? Seems an uptrend is evolving and trolls are nowhere to be seen... CCMF imminent?
Is it safe to get back in now?
849.
Post 10821629 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.05h):
This Blockchain is ours! CAN YOU DIG IT!
850.
Post 10828764 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.05h):
This is what happens when you try to hold down a bull.
Guy in the hat be like "I'm goin' over there to short altcoins."
851.
Post 10879660 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.06h):
Time to sell some precious bodily fluids and buy some more bitcoins.
852.
Post 10901219 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.07h):
don't get tricked by chinese exchanges selling you database coins. soon btc price discovery will happen at good ol wall street. buy when uncertainty and doubt peaks <3
Damn straight. I just had the same thought on another thread.
853.
Post 10909876 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.07h):
in the next 24 hours bitcoin will go in circles.
854.
Post 10909958 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.07h):
What would really make my weekend: Crash to $220.
If you're only making money
Stopped reading financial advice from a non-billionaire.
855.
Post 10928625 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.08h):
Confidently holding. Fortune favors the strong.
856.
Post 10950561 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.08h):
It's time to sell when Joe Sixpack tells you Bitcoin wasn't hacked, it was stolen from a hacker in Japan.
857.
Post 11052670 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.10h):
Governments say they gonna regulate bitcoins. They are just too ignorant to know they can't or they would have by now. Bullish!
858.
Post 11101765 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.11h):
Capitulation didn't happen. The market doesn't like sub 230 in a Minor Rule of Thirds cycle. We'll see Major Rule of Thirds beginning in May.
859.
Post 11102340 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.11h):
Why do I get the feeling that everyone on this thread is an obsessive gambler, but no one ever wants to be truly wealthy?
For all the fkn around with bitcoin you guys do day trading (and mostly losing), I could have pointed you to at least 5 stocks that in 2014 would have doubled your money going long and holding.
I bolded the part that pertains to me.
I sold hundreds of coins at five bucks, and I felt great. Even when price started moving up to 50 bucks I thought "this is awesome, I'm gonna be rich!"
But when the price got to a thousand, I just felt nervous and scared. People that were only casual acquaintances started trying to become much more "friendly". One of my co-workers even made the comment that he could hack my private keys with a crowbar. (He said he was joking)
If bitcoin goes up at the expense of a dollar collapse, you might be surprised at how desperate people can get.
Bitcoin only had a $9B market cap at it's peak. That wasn't even enough wealth to attract Wall Street. Bitcoin holders are a long way from "truly wealthy" by their standards.
860.
Post 11114974 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.11h):
The explanation for the glitch at OkCoin will be interesting.
861.
Post 11133669 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.12h):
I can't wait for IBM's Bitcoin killer. Bullish!
862.
Post 11134293 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.12h):
I can't wait for IBM's Bitcoin killer. Bullish!
Isn't this only for blockchain technology? I tought it wasn't related to currency.
They recently did a proof of concept for Internet of Things devices:
https://youtu.be/U1XOPIqyP7AWhat I don't get: How will be their "blockchain" secured? (without decentralised miners)
by the same way that facebook is secured without decentralized miners and things?
But then, man, it has nothing, NOTHING, to do with Bitcoin, and then, man, it's centralized!
(But they say it's decentralized!)
EDIT: And they say it's blockchain from Bitcoin and ethereum, it just makes no sense!
Yeah, it took Satoshi like three months to write Bitcoin after the White Paper. I'm sure a small company like IBM can write something better without taking too much longer.
863.
Post 11140015 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.12h):
Back in SRs reign, this day would be significant for Bitcoin transactions.
864.
Post 11140086 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.12h):
Back in SRs reign, this day would be significant for Bitcoin transactions.
Wouldn't it have been a few days or the week before so they'd have their schmoke on time?
Because stoners are known for their preparedness and timely execution.
865.
Post 11843447 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.20h):
Get Ready!
866.
Post 11851497 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.20h):
XXXXXXXXXXXX6
867.
Post 11856646 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.20h):
Get Ready!
868.
Post 11866402 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.21h):
I can almost hear the sigh of relief in Greece. Back to business as usual, nothing to see here. Or maybe this is the makings of a modern Greek Epic. Perhaps Bitcoin will become the new hero's quest.
869.
Post 11867000 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.21h):
Woot bitcoin was at $310+ !!!
Freaking hell...
Not gone, on sale.
870.
Post 11883131 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.21h):
Preparing for 300.
871.
Post 11901457 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.21h):
Quoting Brazilian goat
These world events are just an excuse for a bit of market action. Even that's debatable considering how little of a shit the average Chinese gambler gives to all of it.
BTC is a minnow with little or no real world use. If a tiny percentage of people with genuine financial jitters piled in it would explode and seize up near instantly.
Most here massively overestimate its importance in the wider world. It's just a cork bobbing in the waves lost among the supertankers while the ants clinging to it desperately try to attribute meaning to the movements.
That's probably what the dinosaurs said about that comet in the sky.
872.
Post 12091628 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.23h):
totally awesome of bitfinex to refuse to file a $5000 NY bitlicense thus cutting off all people in the finance capital of fucking america and instigating +/-$300,000,000 in btc market devaluation
Gemini is coming.
873.
Post 12101105 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.23h):
So the $300 dream is good as dead now? But the $500 dream still intact in my brain. I don't know why. Maybe because of the incoming halving?
$300 dream ded, confirmed. And your brain is the only brain aware that such halving is inbound.
Maybe after 200k worth of goxcoins get distributed, 70k US and AU govcoins to be sold, a maxblocksize argument that seems to have donned cement shoes is resolved... maybe.
Wow, really? Yet Bitcoin is still up ten million percent in just six years. The world just needs to try to wrap its head around that fact. Those kind of numbers just don't fit into any kind of analytics. Most of the world has many broken paradigms to replace as well. Just relax and be glad you are here with us witnessing such an historic event.
874.
Post 12194805 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
Advice: Just think of XT as a security valve. If the core deadlock continues, the miners will opt out
And leave Bitcoin in the hands of "benevolent" dictator Mike Hearn and his blacklists? Sure...
There are no devs working on Bitcoin atm. They are all working on altcoins if you also include XT in that category.
875.
Post 12194868 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
Advice: Just think of XT as a security valve. If the core deadlock continues, the miners will opt out
And leave Bitcoin in the hands of "benevolent" dictator Mike Hearn and his blacklists? Sure...
There are no devs working on Bitcoin atm. They are all working on altcoins if you also include XT in that category.
what are you talking about
Aren't they all working on sidechains, LN, Eth, and XT?
876.
Post 12194956 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
Advice: Just think of XT as a security valve. If the core deadlock continues, the miners will opt out
And leave Bitcoin in the hands of "benevolent" dictator Mike Hearn and his blacklists? Sure...
There are no devs working on Bitcoin atm. They are all working on altcoins if you also include XT in that category.
what are you talking about
Aren't they all working on sidechains, LN, Eth, and XT?
Oh yeah you right!
BTW I just spoke with one of them and they'd ask that you stop looking over their shoulders. It's your breath they say. It stinks of bullshit.
Maybe a bit obtuse and hyperbolic, but my point is that this schism is causing less and slower pull requests from Github. By now there should be a major corporation developing Bitcoin.
877.
Post 12196721 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
I will provide my signature if someone will make a vote campaign for the one and only real Bitcoin core client.
This isn't politics. This is byzantine consensus.
878.
Post 12211903 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
if Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.
Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.
879.
Post 12212036 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
if Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.
Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.
Free Markets is not so free. It is subject to manipulations just as any other market.
Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.
Their consensus was status quo. If you dont like it please move on to some other altcoin.
You don't have a gun to force me or anyone else to choose what you want, so no.
880.
Post 12212067 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
if Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.
Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.
Free Markets is not so free. It is subject to manipulations just as any other market.
Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.
Their consensus was status quo. If you dont like it please feel
free to move on to some other altcoin.
poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.
if true, Bullish as fuck.
That's fine if it's enough to satisfy the market. Personally, I think they chose 8 so core would settle for 4. It's a classic negotiating trick.
881.
Post 12212118 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
if Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.
Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.
Free Markets is not so free. It is subject to manipulations just as any other market.
Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.
Their consensus was status quo. If you dont like it please feel
free to move on to some other altcoin.
poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.
if true, Bullish as fuck.
That's fine if it's enough to satisfy the market. Personally, I think they chose 8 so core would settle for 4. It's a classic negotiating trick.
fuck id be good with 2MB
At 6 tps, Bitcoin will still be laughed at by PayPal.
882.
Post 12215752 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
Core up, Bitcoin price down.
883.
Post 12215805 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
2MB is the way to go.
I would rather see 10 MB blocks, to be honest. And a reliable, automatic block size increase that is based on facts and maths and stuff.
And to whoever is posting with the noob accounts, bitcoin has died over 70 times*! And all it ever does is come back harder, better, faster, stronger.
Gavin successfully tested 20MB. 8MB would make tps 3*8=24 which is still laughable compared to PayPal's approximately 130 tps, but it's still progress.
884.
Post 12217119 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
It's so funny to see all the altcoins crowdfunding with bitcoins. If they can't bootstrap, then they can't be secure because their competitors will do the same thing to them.
885.
Post 12225067 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
Honeybadger got bit by 1MB Cobra and fell asleep. Soon he will awaken and eat that cobra.
886.
Post 12225613 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
Apparently Sub $200 coming, lets hope for triple $160 bottom..
Looks more like a tripple bottom @ 80-90$ is incoming, let´s hope that this one will hold. Otherwise even longterm holders like Bitcoin Jesus might throw in their towel, if they haven´t already done it, just like every sane person. Bidside on all excanges is laughable. The main problem is that there is still no fresh money comin onto exchanges
I wonder how those funds like Pantera who bought @800$ are feelin now....
I got a bunch at $2. I wouldn't mind if you sold me yours for that.
887.
Post 12225720 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
Apparently Sub $200 coming, lets hope for triple $160 bottom..
Looks more like a tripple bottom @ 80-90$ is incoming, let´s hope that this one will hold. Otherwise even longterm holders like Bitcoin Jesus might throw in their towel, if they haven´t already done it, just like every sane person. Bidside on all excanges is laughable. The main problem is that there is still no fresh money comin onto exchanges
I wonder how those funds like Pantera who bought @800$ are feelin now....
I got a bunch at $2. I wouldn't mind if you sold me yours for that.
I hope you dropped em on the fresh blood @ minimum 500+$. Woulda be kinda stupid if you haven´t, don´t you think?
Do you think about anything you say? That is the dumbest thing anyone has ever said. I'll sell mine when Satoshi sells his, unless you think he is stupid too.
888.
Post 12233156 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.24h):
Fear not forks, fear free energy.
For some of us it's not about fear, Bitcoin is how we get there.
889.
Post 12278292 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.25h):
They can include or exclude any transactions as they see fit.
Then this is the culprit that needs to be fixed in a future update. Miners should have no say whatsoever in which transactions to in or exclude.
Unfortunately, Satoshi's breakthrough, that made bitcoin possible, was to give all the power to the miners -- with the proof-of-work trick to keep them from cheating. That would have worked if mining had remained well-distributed, so that it would be practically impossible to convince a majority of them to sabotage the system.
But it did not happen that way, basically because the price shoot up to 100 or 1000 times what it should have been, given its usage. With that hyperinflated price, and the fixed block reward, mining become a very profitable activity, that was worth carrying out in an industrial scale, by entities distinct from the users. Then the mining industry got concentrated in a few companies because of economies of scale.
Mining profitability does not make mining less distributed because gold rush. If economies of scale concentrates industry then why is all industry not concentrated? Greed is global. Population concentrates industry because competition.
Bitcoin was created to be a peer-to-peer payent system that did not require trusted third parties, including central authorities. Strictly speaking, bitcoin is broken right now; because the top 5-6 miners are third parties that must be trusted not to abuse their power. With the BIP100 discussion, bitcoiners seem to be gradually becoming aware of that fact: it will be the miners that will decide whether, when, and how to change the block size limit
Bitcoin is beta. Miners don't want to throw the baby out with the bathwater because they realize this is still low valuation. By the time it will be even possible to be worth cheating the system, it will be to strong to do so. They are better off just looking for other means to cheat the system, like politicking the politboro of governance.
Bitcoin may still get "cured" if mining becomes again distributed among the users. However, I do not see how that could happen, unless the price crashes to such a low level that no one will want to mine for profit, and mining becomes again a client activity -- say, a convenient alternative to buying bitcoins, that an ordinary person could use to get some bitcoins to pay for coffee or whatever.
Taking away the power from the miners -- in particular, forcing them to process all transactions issued by clients -- would require reforming bitcoin to the core. It seems that another Satoshi-level ingenious idea would be needed do that without introducing some trusted central authority.
Not following. Mining isn't broken. It is gamed by the supply/demand of energy, technology, and politics.
890.
Post 12279876 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.25h):
Mining profitability does not make mining less distributed because gold rush. If economies of scale concentrates industry then why is all industry not concentrated?
Industry does get concentrated. For example, many car makers that were independent in the early 20th century got absorbed by the big ones -- Ford, GM, Chrysler in the US. There are thousands of other examples.
Customs barriers and national economic policies are one obstacle for the concetration of traditional industries. In some countries, anti-trust / fairi-competition laws also prevent total centralization. Neither of these obstacles exists for bitcoin.
Bitcoin is permission-less. There is nothing stopping anyone from competing. There are some places where government subsidizes mining, but there are other places where energy is very cheap. Currently the subsidies are the biggest incentive for mining. There is no need to regulate that, but energy isn't the only resource needed for mining. Bandwidth is also needed to allow adoption. There isn't any adoption to concentrate at the moment.
Miners don't want to throw the baby out with the bathwater because they realize this is still low valuation. By the time it will be even possible to be worth cheating the system, it will be to strong to do so. They are better off just looking for other means to cheat the system, like politicking the politboro of governance.
Miners are not fools to kill their cash cow; but there are many things they can do to squeeze more milk out of it, that will not be bad enough to scare bitcoiners away.
Businesses milk their production to death all the time. It's an exit strategy. The Chinese miners could switch tomorrow to a pre-mined bank owned Chinacoin and spend billions marketing it. Bitcoin would be left with a sudden hashrate drop and the miners would be well rewarded by the Party.
891.
Post 12463466 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.26h):
https://bitcoinmagazine.com/21962/ibm-developing-blockchain-without-bitcoin-record-keeping-smart-contracts/ Therefore, it appears that IBM wants to go one step beyond the now fashionable concept of permissioned blockchains, where only approved financial operators and governments are allowed to validate transactions, and implement a blockchain without a native crypto-currency, to be used only for record-keeping and smart contracts.
It’s unclear, however, how IMB plans to achieve operational robustness and scalability without crowd-sourcing the operations of the blockchain to properly incentivized miners.
By exchanging shitcoins for bitcoins, most likely.
892.
Post 12466572 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.26h):
It looks like this forum is dead. Reddit is also dead. Where did everyone go?
893.
Post 12468149 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.26h):
There is not much to talk about, we are in accumulation / stealth phase.
Which chart measures stealth?
894.
Post 12468625 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.26h):
Hello there,
Gavin Andresen has just published a new article:
Big-O scalingAt the Montreal Scaling Bitcoin conference, I had a chance to talk to a couple of those people and ask them what the heck they’re talking about. Turns out they’re talking about a few different things.
Great reading!
That's what I like about Gavin, he has a wider range of optics.
895.
Post 12468785 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.26h):
It looks like this forum is dead. Reddit is also dead. Where did everyone go?
To a place where you gormless Gavinistas are not welcome and cannot follow us...
It's just that I remember there used to be lots of actual new ideas presented on bitcointalk and now it's mostly idle speculation.
896.
Post 12596542 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.27h):
I would hate to be the last one to post on this forum and nobody reads such an amazing thought.
897.
Post 12700262 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.28h):
We've been in a strong Lower Rule of Thirds. Let's see if 270 breaks or back to 235.
898.
Post 12752685 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.28h):
Whoever is running this psyops divide-and-conquer blocksize consensus attack has one of two probable motives:
1) Want Bitcoin to crash, price crashes with it, they buy up BTC for pennies and then run a counter psyops campaign to get all the core devs to group hug.
2) Want bitcoin to crash so they can introduce a competing altcoin that they've premined or have some other way of profiting from, perhaps just from being early adopters.
Bitcoin's going to crash if the blocksize isn't raised. In the event of an economic catastrophe, nobody will care about xaction fees. they will stampede using Bitcoin as an escape from FIAT hell until the exit gets jammed with bodies.
https://en.wikipedia.org/wiki/Normalcy_biasDid you ever stop to think that some of us have legitimate concerns about the existing proposals to raise the block size?
I already have certain difficulties running a full node (if I don't change some settings to gimp it, it will often happily consume enough of my bandwidth to bring other internet uses to a crawl) and I have dedicated hardware and top tier home internet speeds.
There is no ulterior motive here. I don't plan to modify my Bitcoin holdings regardless of the exchange rate (I don't speculate at all, ever).
I am what I would consider a Bitcoin fanatic. Beyond the idealistic reasons that I choose to use Bitcoin, I have plenty to lose (financially) if Bitcoin drops in value (and plenty to gain if it increases in value). If I am concerned about my ability (as a Bitcoin fanatic) to run a full node with the current anti-spam (has spam been fixed by the way?) 1MB block size limit in place, what is going to happen when the data I need to share with my peers doubles (or increases 8-fold, wtf!)? When Bitcoin fanatics have doubts about running a full node, I would imagine that the robustness of the decentralized network has been harmed.
Yes, I am of the opinion that I absolutely must run a full node to take full advantage of Bitcoin.
So, before we take the training wheels off the software, perhaps we should take a long hard look at network efficiency (and that fucking miserable database).
In order for Bitcoin to provide us with censorship-proof transactions, it needs to function (and function well) in situations where Bitcoin data is difficult to share. This task obviously becomes more difficult when the amount of data to be shared is increased! Call me crazy, but I won't be happy until the Bitcoin network is running smoothly on a worldwide distributed wireless mesh network (this is what I think needs to happen in order to keep Bitcoin transactions censorship-proof).
What you call a "psyops divide-and-conquer blocksize consensus attack", I call genuine disagreement (and after reading this forum for the past few month, possible inability to reach agreement).
I've used Bitcoin for going on five years now and I can count the number of transactions I've made on my fingers and toes. Every transaction does not need to be censorship-proof in a world where censorship-proof transactions exist.
Consensus is dead. There is no roll-out plan, only talks. We'll see peace in the middle-east before consensus is reached with Bitcoin scalability. If this is it and it is good enough for you, then there is nothing left to even discuss because you have already decided to do nothing. Again, you have chosen to do nothing. Your fantasies about mesh-nets add nothing to the conversation.
899.
Post 12756821 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.28h):
Price is stuck in a Lower Rule of Thirds loop. It can't break 280 because scalability. Expect 230s return.
900.
Post 12772455 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.28h):
Volume is done increasing because scalability. Time to drop.
901.
Post 12791874 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.29h):
RUSSIAN FINANCE MINISTRY PROPOSES A 4-YR PRISON SENTENCE FOR BITCOIN USERS
I do wish they'd make up their bleedin' minds.
Russia is this years China
Russia is a plutocracy, China is a dictatorship, and America is an oligarchy. None of them care enough about their future to do something about it with this amazing technology.
902.
Post 12792165 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.29h):
RUSSIAN FINANCE MINISTRY PROPOSES A 4-YR PRISON SENTENCE FOR BITCOIN USERS
I do wish they'd make up their bleedin' minds.
Russia is this years China
Russia is a plutocracy, China is a dictatorship, and America is an oligarchy. None of them care enough about their future to do something about it with this amazing technology.
"I am the voice of one crying in the wilderness, make straight the way of Satoshi."-- Sergey Panteleevich Mavrodi, Russian
criminal financial visionary and a former deputy of the State Duma, founder of MMM Global Republic of Bitcoin
pyramid scheme.
Some guy quoting some guy quoting some guy on the internets. Words of no consequence.
903.
Post 12808145 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.29h):
Another pump to 300. The market seems unconvinced that bitcoin will scale beyond a novelty.
904.
Post 12851011 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.30h):
The only support for this movement is 295 because there isn't confidence in 300 to stay there. Bitcoin is still considered an experimental toy that doesn't scale until a "blockchain" solution is found (whatever they mean by that).
905.
Post 12857964 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.30h):
It is so obvious that government puppets want bitcoin blockchain without bitcoin.
You know, from time to time developers need to eat! Who will finance them? Bitcoin is not an amateur game anymore. Bitcoin needs dedicated professionals working full time on any serious implementation.
We should be grateful what Blockstream is doing for Core devs. This was a job originally planned for the Bitcoin Foundation but they are nearly bankrupt following Mike's and Gavin's advice to lobby and educate government. What the Bitcoin Foundation got at the end for all the efforts and money they've spent is... Bitlicense.
You are saying that developers are not eating? Blockstream devs are eating well and yet nothing has been produced for their VCs investment. It seems that Bitcoin Foundation isn't the only group of investors throwing money away. Doesn't matter though. You can tell folks to sell, but investment advice is for suckers.
906.
Post 12858263 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.30h):
It is so obvious that government puppets want bitcoin blockchain without bitcoin.
You know, from time to time developers need to eat! Who will finance them? Bitcoin is not an amateur game anymore. Bitcoin needs dedicated professionals working full time on any serious implementation.
We should be grateful what Blockstream is doing for Core devs. This was a job originally planned for the Bitcoin Foundation but they are nearly bankrupt following Mike's and Gavin's advice to lobby and educate government. What the Bitcoin Foundation got at the end for all the efforts and money they've spent is... Bitlicense.
You are saying that developers are not eating? Blockstream devs are eating well and yet nothing has been produced for their VCs investment. It seems that Bitcoin Foundation isn't the only group of investors throwing money away. Doesn't matter though. You can tell folks to sell, but investment advice is for suckers.
Not sure if you have been under a rock but Blockstream have already released some proof-of-concept revolutionary code, albeit alpha/beta, in sidechains and lightning.
We don't need bigger blocks where we're going because we have better performing overlays already that will let the bitcoin blockchain concentrate on doing what it is good at ... security, settlement and distributed consensus without getting bogged down and bloated in payment system feature creeps, smart contract explosions and lattes for da frap.boyz.
Proof-of-concept is code for non-functional in the real world. Let me guess, all you need is to add a dash of trust, and a pinch of secrecy. Nothing to see here, folks. Everything is fine. We'll see when your VC money runs out what actually gets done by folks that keep everything open-source. You'ld be surprised that there are more than a handful of smart people in the world that could do a lot of good for Bitcoin when you stop calling them frap boyz.
907.
Post 12859990 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.30h):
A popular misconception "miners vote by upgrading." They also vote by forking, merge mining, and dumping their income. In fact, the notion of voting goes against the "Byzantine Generals Problem" that Bitcoin solves. Bitcoin isn't a democracy, nor a republic. Developers are not a community. They model their behavior after the scientific community sometimes, but mostly it's works best when its adversarial. You can pretend that you have the high moral ground, but you are deluded because there are thousands of forks that prove you otherwise and they have their sights set on your "community" to destroy it. So my advice is to stick to technical and scientific arguments and keep politics out of the discussion because it's just noise.
908.
Post 12874827 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.31h):
Fears of centralization are real, fear of 3 tps being a huge bottleneck are real.
Calling large miners centralized is like saying Kenya rigs the Boston Marathon. Bitcoin needs to be competitive. Should they limit the run to only white middle-class factory workers from Peoria? Watching them drop dead from heart attacks wouldn't be much fun, nor does watching blocks take days to process and get dropped. You can't make rules that exclude people because they are good at what they do.
909.
Post 12874867 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.31h):
Fears of centralization are real, fear of 3 tps being a huge bottleneck are real.
Calling large miners centralized is like saying Kenya rigs the Boston Marathon. Bitcoin needs to be competitive. Should they limit the run to only white middle-class factory workers from Peoria? Watching them drop dead from heart attacks wouldn't be much fun, nor does watching blocks take days to process and get dropped. You can't make rules that exclude people because they are good at what they do.
I was referring to relay node centralization, not mining nodes.
Yeah, that's a real incentive problem. I wish there was more free high tech stuff in the world.
910.
Post 12875053 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.31h):
911.
Post 12875159 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.31h):
Fears of centralization are real, fear of 3 tps being a huge bottleneck are real.
Calling large miners centralized is like saying Kenya rigs the Boston Marathon. Bitcoin needs to be competitive. Should they limit the run to only white middle-class factory workers from Peoria? Watching them drop dead from heart attacks wouldn't be much fun, nor does watching blocks take days to process and get dropped. You can't make rules that exclude people because they are good at what they do.
"This forum is comatose"
Lulz.
Looks like the bitco.in forum exiles are back in full force.
Go back to your ad hominem thread instead of destroying this thread.
Sorry, wrong guy. I don't own any forums and I was never banned. This forum is no longer used much by devs, mostly it's for speculators and non-bitcoin related discussions. It's still fun to come here every once-and-again.
912.
Post 12892357 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
Back to hobbycoin support at 280.
913.
Post 12892523 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
Nobody is working on anonymity, node propagation, currency traits, exchange security, transaction malleability, easy-to-use off-line signing wallets or any number of things needed to make Bitcoin a serious financial tool. See you back in the 200s after this obvious no fee trading Chinese pump and dump ends.
914.
Post 12901126 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
That billion invested by VCs should start to see a return when Bitcoin starts to rally in 2019.
915.
Post 12901226 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
Still waiting for the rally caused by blockstream.
916.
Post 12901501 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
After 7 years Bitcoin is still unwelcome as a currency and a poor store of value. Until something wonderful happens, the bears will keep winning until first mover advantage is insignificant and irrelevant.
917.
Post 12901581 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
After 7 years Bitcoin is still unwelcome as a currency and a poor store of value. Until something wonderful happens, the bears will keep winning until first mover advantage is insignificant and irrelevant.
We always need to keep hope alive, at the least we can take solace in that for better or worse the Bears will always be around as long as Bitcoin is still worth talking about.
Well, at least trade volume is higher than ever.
edit: besides, honeybadger.
918.
Post 12908568 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
Exchange trading volume is dropping fast. Blocks are full from people moving their bitcoins out of exchanges. Bitcoin is going back to sleep.
919.
Post 12911933 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
This part coming up is fun on a rollercoaster. Not much fun for bag holders.
920.
Post 12916738 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
DJ, drop the bass already!
921.
Post 12916772 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
922.
Post 12916793 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
How to Bitcoin.
923.
Post 12919149 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
It's simple. The Manipulator is back!
924.
Post 12919224 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
I need the price to go above 550 before Christmas and stay there long enough to sell. I'm looking at buying a Samsung 88 inch series 9 LED 4K ULTRA HDTV and I'd really like Bitcoin to pay for it. I would appreciate it if one of you guys can work that out for me.
I wanted that too and I'll need a new Toyota Tundra to carry it. Please ask the awesome core developers to make it happen.
925.
Post 12919275 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.32h):
I need the price to go above 550 before Christmas and stay there long enough to sell. I'm looking at buying a Samsung 88 inch series 9 LED 4K ULTRA HDTV and I'd really like Bitcoin to pay for it. I would appreciate it if one of you guys can work that out for me.
I'll think about if you buy two and send me one...
Cheers!
Sadly I can only still afford to use this IBM-XT monochrome monitor. Fortunately is was a huge improvement over the previous Intel core. But I digress.
926.
Post 12930070 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.33h):
927.
Post 12935708 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.33h):
Too bad she wasn't trading with Gox.
928.
Post 12994489 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.34h):
if i take 3 loans, max out credit cards, and all my cash on hand and buy bitcoins then sell in 8years I think i'd make out like a fucking bandit
Hey, it would take you that long to get through college anyway, so why not just retire now?
929.
Post 13023590 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.34h):
Are you saying that bitcoin might die
... again?
Bitcoin price is barely over the 2013 high now that we are going into 2016 soon. Aside from some gasps and fraudulent manipulations, it looks like it's going down for good.
930.
Post 13023981 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.34h):
Are you saying that bitcoin might die
... again?
Bitcoin price is barely over the 2013 high now that we are going into 2016 soon. Aside from some gasps and fraudulent manipulations, it looks like it's going down for good.
Add cbeast to the list. That one hurts.
This just confirms Despair Phase. Goooooooooood.
The Despair Phase could last for decades.
931.
Post 13024046 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.34h):
The Despair Phase could last for decades.
If despair continues with falling block rewards then we won't have to wait decades for it to die. Your shackles will be released soon.
I'm not saying it will die, but it will become just one of a thousand PoW networks used to secure various SPV channels.
932.
Post 13027379 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.34h):
Welp. I'm reading it now. He's right. Colouring coins is bad idea.
He's a thinker, that's for sure.
Depending on what you are doing, colored coins may be better if traceable.
933.
Post 13029422 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.34h):
What's halvening adam?
😉
Pedantically, it is the Second Halvening ... the First Halvening was epic partytime.
This one will be as exciting as a M. Night Shyamalan movie.
934.
Post 13043676 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.34h):
there was like 1billion dollars unaccounted for that the pentagon spend and it wasn't ever recorded...
How soon we forget.
Let's try
Two-Point-Frickin-Three-TRILLION dollars.
Announced when? Oh, right. On a date that the following day's news would ensure that nobody noticed.
2001. September. The tenth.
And another 9 trillion.
https://www.youtube.com/watch?v=GYNVNhB-m0o
935.
Post 13074152 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.35h):
936.
Post 13504937 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
theymos is right. If you want to comment the future of XT altcoin you should NOT do it on BTC threads. Open XT altcoin discussion and say whatever you want to say. Nobody will delete your threads.
There have been deleted posts warning people of potential loss too. Then not long afterward there was a lot of loss. I'm not naming names. The management of this forum does not seem to have the best interest of bitcoin in mind. You can spin your opinions, but you can't change fact. There will be a change of governance in the favor of the best suited to do so. There is no bitcoinxt. There is only a different method of governance.
937.
Post 13505091 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
There have been deleted posts warning people of potential loss too. Then not long afterward there was a lot of loss.
Have you sold your bitcoins at the bottom? That was the time when those warnings appeared!
I'm not talking about trading. The warnings were about an exchange that remains nameless.
938.
Post 13505688 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
There have been deleted posts warning people of potential loss too. Then not long afterward there was a lot of loss.
Have you sold your bitcoins at the bottom? That was the time when those warnings appeared!
I'm not talking about trading. The warnings were about an exchange that remains nameless.
I fail to see what is the connection between that 'nameless' exchange and XT altcoin?
Good, because one wasn't implied. I fail to see the reason you are looking for one.
939.
Post 13561066 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
2019 will be a good year for Bitcoin, after honeybadger wakes up from falling into the nest of cobras.
940.
Post 13561351 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
Last chance of corrupted government(s) to kill bitcoin using their puppets in core dev group. A major, major economic crisis is knocking on the door and their time to ruin bitcoin is running out fast.
No need 4 gubermints to step in here, you Crypto enthusiasts seem to be doing fine all on your own.
"Embattled digital currency exchange Cryptsy is now claiming that it is insolvent.
The exchange alleges in a newly released blog post that it was the target of a hack in July 2014, an incident that it said cost it approximately 13,000 BTC ($7.5m at then prices) and approximately 300,000 LTC (then $2.08m).
"This of course was a critical event for Cryptsy, however at the time the website was earning more than it was spending and we still have some reserves of those cryptocurrencies on hand. The decision was made to pull from our profits to fill these wallets back up over time, thus attempting to avert complete closure of the website at that time.""
Fractional reserve. Because it works
Cryptsy failed because Bitcoin works. Gee, I hope this post isn't deleted too.
941.
Post 13561483 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
Instead of shooting the messengers, we could also fix the problem. Adopting Bitcoin Classic would be a good, first step.
Not the messengers, the traitors. Increasing the block size is as bad as increasing the 21M Bitcoin limit.
So the price should be going up then because Hearn left?
942.
Post 13561510 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
Last chance of corrupted government(s) to kill bitcoin using their puppets in core dev group. A major, major economic crisis is knocking on the door and their time to ruin bitcoin is running out fast.
No need 4 gubermints to step in here, you Crypto enthusiasts seem to be doing fine all on your own.
"Embattled digital currency exchange Cryptsy is now claiming that it is insolvent.
The exchange alleges in a newly released blog post that it was the target of a hack in July 2014, an incident that it said cost it approximately 13,000 BTC ($7.5m at then prices) and approximately 300,000 LTC (then $2.08m).
"This of course was a critical event for Cryptsy, however at the time the website was earning more than it was spending and we still have some reserves of those cryptocurrencies on hand. The decision was made to pull from our profits to fill these wallets back up over time, thus attempting to avert complete closure of the website at that time.""
Fractional reserve. Because it works
Cryptsy failed because Bitcoin works. Gee, I hope this post isn't deleted too.
By "works," you mean "makes shit like Cryptsy possible"?
Anything can be exchanged in a custodial exchange. Poor performance is no excuse for bailouts.
943.
Post 13561607 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
Instead of shooting the messengers, we could also fix the problem. Adopting Bitcoin Classic would be a good, first step.
Bitcoin "Classic" is suggested by the same person that couple of years ago opposed the translation of Bitcoin-Qt GUI into Farsi because US government imposed sanctions on Iran... I don't trust this person at all. It was obvious from the beginning who were the rotten apples in core dev team.
That's the great thing about Bitcoin. You don't have to trust a person. If you don't like the idea, that's your problem.
944.
Post 13561625 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
Last chance of corrupted government(s) to kill bitcoin using their puppets in core dev group. A major, major economic crisis is knocking on the door and their time to ruin bitcoin is running out fast.
No need 4 gubermints to step in here, you Crypto enthusiasts seem to be doing fine all on your own.
"Embattled digital currency exchange Cryptsy is now claiming that it is insolvent.
The exchange alleges in a newly released blog post that it was the target of a hack in July 2014, an incident that it said cost it approximately 13,000 BTC ($7.5m at then prices) and approximately 300,000 LTC (then $2.08m).
"This of course was a critical event for Cryptsy, however at the time the website was earning more than it was spending and we still have some reserves of those cryptocurrencies on hand. The decision was made to pull from our profits to fill these wallets back up over time, thus attempting to avert complete closure of the website at that time.""
Fractional reserve. Because it works
Cryptsy failed because Bitcoin works. Gee, I hope this post isn't deleted too.
By "works," you mean "makes shit like Cryptsy possible"?
Anything can be exchanged in a custodial exchange. Poor performance is no excuse for bailouts.
Anything could be exchanged in an
unregulated Magic: The Gathering sort of an exchange, you mean? Nonexistent shit for worthless shit & back again, in a frictionless market, due to plenty of tears & snot lubrication?
Well, yeah you got me there. I'm not a fan of these exchanges. OTOH, the global stock market is crashing so, the bailouts didn't work there either.
945.
Post 13561737 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
Last chance of corrupted government(s) to kill bitcoin using their puppets in core dev group. A major, major economic crisis is knocking on the door and their time to ruin bitcoin is running out fast.
No need 4 gubermints to step in here, you Crypto enthusiasts seem to be doing fine all on your own.
"Embattled digital currency exchange Cryptsy is now claiming that it is insolvent.
The exchange alleges in a newly released blog post that it was the target of a hack in July 2014, an incident that it said cost it approximately 13,000 BTC ($7.5m at then prices) and approximately 300,000 LTC (then $2.08m).
"This of course was a critical event for Cryptsy, however at the time the website was earning more than it was spending and we still have some reserves of those cryptocurrencies on hand. The decision was made to pull from our profits to fill these wallets back up over time, thus attempting to avert complete closure of the website at that time.""
Fractional reserve. Because it works
Cryptsy failed because Bitcoin works. Gee, I hope this post isn't deleted too.
By "works," you mean "makes shit like Cryptsy possible"?
Anything can be exchanged in a custodial exchange. Poor performance is no excuse for bailouts.
Anything could be exchanged in an
unregulated Magic: The Gathering sort of an exchange, you mean? Nonexistent shit for worthless shit & back again, in a frictionless market, due to plenty of tears & snot lubrication?
Well, yeah you got me there. I'm not a fan of these exchanges. OTOH, the global stock market is crashing so, the bailouts didn't work there either.
Sure. Last time DOW fell 10% in 24 hrs is when?
Like I said, I'm not a fan of these exchanges. They should be regulated like Wall Street so they shut down during flash crashes like this.
946.
Post 13561895 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
Last chance of corrupted government(s) to kill bitcoin using their puppets in core dev group. A major, major economic crisis is knocking on the door and their time to ruin bitcoin is running out fast.
No need 4 gubermints to step in here, you Crypto enthusiasts seem to be doing fine all on your own.
"Embattled digital currency exchange Cryptsy is now claiming that it is insolvent.
The exchange alleges in a newly released blog post that it was the target of a hack in July 2014, an incident that it said cost it approximately 13,000 BTC ($7.5m at then prices) and approximately 300,000 LTC (then $2.08m).
"This of course was a critical event for Cryptsy, however at the time the website was earning more than it was spending and we still have some reserves of those cryptocurrencies on hand. The decision was made to pull from our profits to fill these wallets back up over time, thus attempting to avert complete closure of the website at that time.""
Fractional reserve. Because it works
Cryptsy failed because Bitcoin works. Gee, I hope this post isn't deleted too.
By "works," you mean "makes shit like Cryptsy possible"?
Anything can be exchanged in a custodial exchange. Poor performance is no excuse for bailouts.
Anything could be exchanged in an
unregulated Magic: The Gathering sort of an exchange, you mean? Nonexistent shit for worthless shit & back again, in a frictionless market, due to plenty of tears & snot lubrication?
Well, yeah you got me there. I'm not a fan of these exchanges. OTOH, the global stock market is crashing so, the bailouts didn't work there either.
Sure. Last time DOW fell 10% in 24 hrs is when?
Like I said, I'm not a fan of these exchanges. They should be regulated like Wall Street so they shut down during flash crashes like this.
So what you're telling me is all this "trustless" bullshit is bullshit?
Bitcoin commerce needs government oversight, just like conventional fiat commerce?
So Bitcoin's basically, a fiat surrogate? only useless for 99.9% of IRL financial transactions?
WTF does trusting MTGOX have to do with Bitcoin? We've moved past that. Yes, MTGOX type exchanges that use fiat should be regulated. If they don't allow fiat, then they seem to work fine.
947.
Post 13562261 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.40h):
Last chance of corrupted government(s) to kill bitcoin using their puppets in core dev group. A major, major economic crisis is knocking on the door and their time to ruin bitcoin is running out fast.
No need 4 gubermints to step in here, you Crypto enthusiasts seem to be doing fine all on your own.
"Embattled digital currency exchange Cryptsy is now claiming that it is insolvent.
The exchange alleges in a newly released blog post that it was the target of a hack in July 2014, an incident that it said cost it approximately 13,000 BTC ($7.5m at then prices) and approximately 300,000 LTC (then $2.08m).
"This of course was a critical event for Cryptsy, however at the time the website was earning more than it was spending and we still have some reserves of those cryptocurrencies on hand. The decision was made to pull from our profits to fill these wallets back up over time, thus attempting to avert complete closure of the website at that time.""
Fractional reserve. Because it works
Cryptsy failed because Bitcoin works. Gee, I hope this post isn't deleted too.
By "works," you mean "makes shit like Cryptsy possible"?
Anything can be exchanged in a custodial exchange. Poor performance is no excuse for bailouts.
Anything could be exchanged in an
unregulated Magic: The Gathering sort of an exchange, you mean? Nonexistent shit for worthless shit & back again, in a frictionless market, due to plenty of tears & snot lubrication?
Well, yeah you got me there. I'm not a fan of these exchanges. OTOH, the global stock market is crashing so, the bailouts didn't work there either.
Sure. Last time DOW fell 10% in 24 hrs is when?
Like I said, I'm not a fan of these exchanges. They should be regulated like Wall Street so they shut down during flash crashes like this.
So what you're telling me is all this "trustless" bullshit is bullshit?
Bitcoin commerce needs government oversight, just like conventional fiat commerce?
So Bitcoin's basically, a fiat surrogate? only useless for 99.9% of IRL financial transactions?
WTF does trusting MTGOX have to do with Bitcoin? We've moved past that. Yes, MTGOX type exchanges that use fiat should be regulated. If they don't allow fiat, then they seem to work fine.
"We've moved past that"? Clearly we haven't, see: Cryptsy; Havelock.
No fiat. Plenty of scam.
Custodial exchanges. Try exchanging with crypto's advanced features instead of trusting non regulated anonymous entities.
948.
Post 13567750 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
Stop defending him, he does not deserve it.
"Strong minds discuss ideas, average minds discuss events, weak minds discuss people."
Fascinating idea!
Nicked it from Lauda's profile page
Nice. Added to my signature.
It's from Eleanor Roosevelt
949.
Post 13590213 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
Funny how for someone not "believing" in bitcoin you still cling on religiously to what Satoshi intended/said/meant or not and based on a 8 years old WP.
As I wrote, it is not that Satoshi's words and ideas are "sacred", but they help understand why bitcoin is the way it is -- and see more clearly the features that may render it unsuitable for specific uses.
And, as I may have written many times, I could have loved bitcoin as it was in 2009: an experiment on a new kind of payment system, run by an open set of uncoordinated anonymous volunteers, stabilized by its incentives, etc.. But I cannot like the monster into which it has mutated.
I could like it again if it somehow returned to the original plan -- with 10 times as many users perhaps than it had in mid-2010, and with the price 10 times higher, at about 0.50 USD/BTC; bit without speculative trading, and without for-profit mining...
You made a declarative statement. Do you care to explain why you say "I could like it again if it somehow returned to the original plan -- with 10 times as many users perhaps than it had in mid-2010" and "I cannot like the monster into which it has mutated." What has changed that you don't like?
950.
Post 13592055 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
You made a declarative statement. Do you care to explain why you say "I could like it again if it somehow returned to the original plan -- with 10 times as many users perhaps than it had in mid-2010" and "I cannot like the monster into which it has mutated." What has changed that you don't like?
I wrote that too before: it became a pyramid investment scheme and a tool for crime.
Both developments were bad for mankind, and it is hard to tell which one will be more harmful in the end. But the first one also ruined the technical experiment: it attracted a horde of scammers and unsavory characters, encouraged hoarding, created volatility that all but destroyed its usefulness as currency, made mining into a fabulously lucrative industrial activity that was inevitably centralized, gave birth to Blockstream and their plan to sacrifice bitcoin's original goal to the spurious goal of inflating the price, and more...
Well I can't argue against that being a Resource Based Economy devotee. All I can say is that this speculation phase is temporary. I don't know why you think such a small economic tool has any significant effect on global crime, but in principle perhaps it is actually decreasing overall crime by showing that crimes can't always be covered up by big banks.
951.
Post 13602930 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
Actually Lightning could use any cryptocurrency in place of bitcoin. Or even multiple cryptocurrencies, with some (or all) nodes and hubs doubling as currency exhanges. That would let users choose the combination of speed, hashpower, and transaction fees that best suits their needs.
That would introduce security issues. There is no evidence that other cryptocurrencies could stand up to the same level of attacks Bitcoin has successfully withstood. If you are using LN, then you wouldn't benefit from the other altcoin transaction specifications anyway.
952.
Post 13613104 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
Is there any current silk road for regular people, or does a person have to be savvy with technicals? Or let's just say people in the USA who may want to buy prescription drugs, but not have to pay USA prices... ?
I don't know about silk roads, but there are there are real roads if you live near Canada or Mexico.
953.
Post 13624728 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
It's the
FULLBLOCALYPSETMHere's what going to happen. Fees will go up. A little. A tremendous amount of stupid spam and crap transactions will be forced off the chain. People who actually have a reason to use it will pay a bit more. Over time, improvements will be made in capacity and throughput, allowing for further growth.
The sky will stay up there. You can put the umbrella down now.
The sky may stay there, but it will become toxic with all the alternate blockchains sucking out all the
oxygen value.
954.
Post 13628484 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
Now is an opportunity to take advantage of China's inertia. Fork them.
955.
Post 13628877 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
Bitcoin as global currency. Locally regulated and exchanged digital currencies will organically emerge. There's your scalability roadmap.
956.
Post 13629228 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
Bitcoin as global currency. Locally regulated and exchanged digital currencies will organically emerge. There's your scalability roadmap.
i am not sure how ?? we are still arguing over scalability.. and the argument has become more complex with more versions of bitcoin.. looks more like a big giant clusterfuk .
You don't need to know how. That's how "organic" works. Bitcoin doesn't need to buy every coffee, nor does anyone really need to use it. The blocksize argument is only a short-term adoption solution. Altcoins are the obvious and most popular solution to adoption overall to date. Exchanges have always and will always take Bitcoin. It's just that simple.
957.
Post 13629377 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
Altcoins are the obvious and most popular solution to adoption overall to date.
Save us, BBQ Coin, you're our only hope!
There are thousands to choose from. Ask your local regulators which one you are required to register for.
958.
Post 13629402 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
Bitcoin as global currency. Locally regulated and exchanged digital currencies will organically emerge. There's your scalability roadmap.
i am not sure how ?? we are still arguing over scalability.. and the argument has become more complex with more versions of bitcoin.. looks more like a big giant clusterfuk .
You don't need to know how. That's how "organic" works. Bitcoin doesn't need to buy every coffee, nor does anyone really need to use it. The blocksize argument is only a short-term adoption solution. Altcoins are the obvious and most popular solution to adoption overall to date. Exchanges have always and will always take Bitcoin. It's just that simple.
This is a single view that is frankly bizarre, only recently have statements like these become commonplace. Bitcoin was always going to record every transaction.
If it's so bizarre, then why are all the banks developing blockchains and there are thousands of experimental coins? I have been saying this all along. Local currencies will be regulated with violence and the anarchists can't do anything about that.
959.
Post 13641583 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.41h):
You mean the guy that dubbed over and infringed a documentary about the honey badger?
960.
Post 13642622 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
Only down 6%? Doesn't the world know we can't scale yet?
Bitcoin will scale someday. It will take AI miners and developers to take the drama out of the equation. They will solve the engineering issues for us.
961.
Post 13684631 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
I was thinking that an ideal way to eliminate spam would be for the miners/nodes to agree to not process txs that use a fee lower than 10 cents. We'd probably go down to 200-600kb blocks right away (depending the load) with plenty of room to spare - and probably everything would go in in the first block. But having prices in USD doesn't work in terms of code (which deals with BTC fractions).
It's all price controls and cartels with you, isn't it?
It's about game theory and economic disincentives in order to defend against system(+atic) abuse. If you read the Ethereum link provided above, you'll see some subtle criticism against bitcoin for leaving the abuse disincentives (fees) to be ...determined by the free market. Litecoin also didn't leave the abuse prevention fees to be determined by the free market: The imposed a fee patch. Monero also saw first hand the effects of a bloat attack and raised fees.
As you can understand this is not about me.
If
you made a coin tomorrow, and someone started killing it for the lolz, you'd patch it up with some kind of fee increase / block restriction. Common sense.
Who's qualified to determine those fees, Alan Greenspan?
962.
Post 13689260 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
I smell rocket fuel.
963.
Post 13689265 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
964.
Post 13700426 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
If you do sell, don't expect to buy in when they decide to upgrade Bitcoin's carry capacity. The exchanges usually shut down until it settles higher.
965.
Post 13702033 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
I'm smarter than you. If you don't agree, keep pumping and prove me wrong. If you can.
Yeap, that cold storage bag gettin' him a little agitated.
You mean the cold storage I bought @ $10? Yeah, I'm really agitated it's currently worth 3600% more than I paid for it.
I don't care if I'm the bad guy. Somebody has to be or the story is really boring. If it doesn't scale, my coins are for sale (at the right price, of course).
Bitcoin will scale. If everyone else gives up on it and the price drops, I will learn how to program and take over as Chief Scientist and raise it from the dead. But I'm betting others will do that before me.
966.
Post 13712142 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
Unsure if the flight from BTC is pumping altcoins or the altcoin pumping is causing the flight from BTC.
967.
Post 13712642 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
Another dead cat bounce?
How many lives does this cat have left?
google search "bitcointalk.org dead cat bounce"
About 6,780 results (0.55 seconds)
968.
Post 13720569 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
I am a stealthy ninja! You do not spot me until I'm upon you and it's much too late! Because my little green activity box isn't green, so you thought you're safe. But you're not safe, oh no! the trap is sprung! ere I am!
A stealthy cat-ninja with razor-sharp claws that scratch and poisonous fangs that bite!!
Your worst nightmare come true...
969.
Post 13721494 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
You can focus design towards a strong sovereign-monetary decentralized trustless censorship-resistant digital currency ; Or towards a fast less-decentralized digital currency + non-trustless censorship-vulnerable payments network.
Choose.
Can't prioritize both - as the ol' bearded coder explains, there are 'engineering trade-offs' that need to be made when working with reality.
Nobody wants to replace debt. There will always be people willing to sell their futures into slavery. The credit cards are in no danger.
970.
Post 13729979 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
There's really only two outcomes without a higher or removed max block size: stagnation or network congestion failure.
Like you don't need a gun to kill an ant, you don't need bitcoin to buy your damned coffee. Bitcoin is for gentlemen's transactions. Capisc?
Gentrification of Bitcoin is unnecessary. Bitcoin is just fine for proletariat consumption as it already has a tainted reputation. The rich are surely able to create their own cryptocurrency for such pursuits, are they not? After all, they are the creators of wealth.
971.
Post 13731981 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
As this block size debate clearly shows: gentlemen don't use Bitcoin.
Of course, no true gentleman would go around discussing things as crass as money in the first place.
Money is crass, taking a look at the low-lifes that showed up around here as soon as bitcoin become worth more than nothing is all the evidence you need.
Bitcoin users are the lowest form of life with their drugs and porn and alpaca socks. True Gentlemen would not associate themselves with such nonsense.
972.
Post 13738414 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
It's over. Drug your dog, burn your self-driving automobile. Make peace with Jesus.
Honeybadger will take a short nap.
973.
Post 13738485 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
It's over. Drug your dog, burn your self-driving automobile. Make peace with Jesus.
Honeybadger will take a short nap.
But the dog probably won't make it.
The doge died long ago. Time for the other alts to have one last pump before they expire.
974.
Post 13740934 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.42h):
ohnoes! 365
I think my brain just bled a little into my nose.
Thats just a capacity issue. Stupid big-brainer fudders (like NatureClassic) think the solution is to simply eveolve a bigger head, but BrainStream
tm have the solution:
We simply remove the parts of your brain you dont really need everyday, and cleverly move them to your anus, where they can grow to whatever size you need. This gives you an effective increase in your thought capacity of up to 1.75x.
No more bleeding into your nose! ( not that you will be aware of it, anyway)
The internets r funny today
975.
Post 13759151 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
Because you know what's going on.
976.
Post 13770038 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
Post Davos learning curve bump in 3...2...1...
977.
Post 13788977 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
Yet Another Gox. A centralized database.
978.
Post 13790246 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
Facts:
1. Bitcoin functions perfectly with current limit. There is no urgent issue that is not FUD. It is a wholly manufactured non-existant FUD crisis. To say network is clogging, is FUD propaganda. I can send bitcoins all the time with no problems.
Agreed, given current hobby status.
2. The crash landing FUD propaganda predicted by Mike Hearn has not happened, despite FUD being spread months back that by December (or latest Jan) the network would break down.
Agreed, given current hobby status.
3. There is No reason to increase the block size limit now. To say otherwise exposes you for the complete ... Therefore, any FUD about need to increase to 2MB is laid bare as completely propaganda
Agreed, given current hobby status.
979.
Post 13790566 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
Thats why the best way going forward is to increase TPS via-segwit short term (superior to hardfork increase) and payment-channels, hard-fork, lightining, other methods long term.
No need for this contentious, chaotic hard fork attempt that is really power grab in disguise, and trades off decentralisation.
You can do that right now by creating a proof-of-burn POS hobby coin because that's what seg-witless is.
980.
Post 13790960 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
I think Bitcoin will not, cannot grow until the governance model is changed. There is a clear conflict of interest with the core developers and Blockstream.
Yeah, this is also my thinking. Is there any sort of bridge-building conference happening? We need some kind of peace talks!
Way too much pride, testosterone and vested-interests [see above] for a sensible solution at this point.
Yeah. I can't wait for them to lose interest in the "failed" Bitcoin and move on to creating and "governing" a project with no such conflicts.
981.
Post 13820303 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
The status quo folks are looking for cheap coins. They are getting cheaper every day. They never explained how they will secure their LN and sidechains with a worthless coin.
982.
Post 13840500 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
ETH is seeing the bubble meant to be for bitcoin. Everybody is "waiting for the consolidation" to get in...
Sounds familiar!? > ETH is 2011 all over again.
Nuts.
Because it requires Bitcoin to purchase, if it gets to a much higher price, then a competitor-clone to ETH will replace it and use less bitcoins.
983.
Post 13841644 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
Benevolent dictator and a scripting language to empower the future of smart contracts? Big woop. I have a shoe. So?
Bitcoin is somewhere between Monero and Ethereum. You need contracting, but too much creates complexity traps. Some folks are trying to make Bitcoin too complex and adding unneeded features. Those will be selected out in future forks. The safest route is minimal functionality for what is most needed. Monero doesn't have enough to be useful for Zooko's Triangle. Everything else will be cloned and branded and not a store of value.
984.
Post 13843643 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
Bitcoin is too inflexible for what Ethereum is trying to do and vice versa. With Bitcoin Ethereum has a safe and reliable store of value which it can integrate into its systems. With Ethereum Bitcoin has a platform uniquely suited to expand its potential. It's a win-win situation.
When and how did Ethereum solve the two-way-peg-problem that is required for it to "use Bitcoin as a reliable store of value which it can integrate" ?
Ethereum will not work like a sidechain. Distributed apps running on ethereum will run Bitcoin wallets and operate them through smart contracts.... I think.
So you're saying that it's possible to move bitcoins back and forth from the Bitcoin blockchain using an outside D App without Bitcoin being aware of it and without a trusted third party ? Interesting.
(I am pretty sure that it's not possible)
No, that's not what I'm saying. The bitcoins stay on the Bitcoin blockchain. It's no different from me or you or Circle's system using Bitcoins. Except it's an Dapp doing it.
Ok but who holds the private keys ?
Me ?
You ?
The Dapp maintener ?
The Dapp. Who controls the Dapp depends on the program. If you run the program, control the program and fill its wallet, then you control the wallet. You can also set it to be completely autonomous, which would be handy if you want to run a smart contract with triggers involving other people.
I still don't understand.
I think I will have to wait for a real dapp to implement it to see if it works.
I've seen some examples, but I think most of its use cases haven't been thought of yet.
Here's an interesting presentation from IBM and Samsung where they use Ethereum:
https://www.youtube.com/watch?v=U1XOPIqyP7AHere's a decent example from the new Princeton textbook.
Suppose Alice wants to challenge Bob to game of chess with money on-line. Alice will write an Ethereum program that implemements the rules of chess and upload it to Ethereum. She'll send the contract a quantity of Ether equal to the amount she wants to bet. Bob can see this, and if he decides to accept, he can start the game by sending his own stake of betting Ethers to the contract. The contract will then pay the winner.
There's not always a winner. Let's see independent "contracts" play each other.
985.
Post 13843854 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
No other coin has been through the fire yet. I doubt any of them will survive "governance".
986.
Post 13844557 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
No other coin has been through the fire yet. I doubt any of them will survive "governance".
to implement a voting-mechanism per stake could solve the issue. in the end its the holders of the currency who should decide which way to go.
That's what we have now. It's called fiat.
987.
Post 13844605 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
Why can't the Eth shills stick to their own thread? I don't go into their thread spamming a shitcoin.
it's the same crowd ... the ethereum pump is an attempt to spook the bitcoiner masses into the arms of the big-block banksters and their classic cronies ... 'cos "if bitcoin can't scale someone else will"
ethereum has been crawling with banksters from day zero ... they crave the ethos of bitcoin but could never create it.
Not sure what you mean by "big-block banksters". The numbers are arbitrary. You need a technical argument to support a particular block size. So far, 2 MB doesn't even approach a technical limitation and in fact doubles Bitcoin's almost negligible user capacity.
988.
Post 13844621 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
No other coin has been through the fire yet. I doubt any of them will survive "governance".
to implement a voting-mechanism per stake could solve the issue. in the end its the holders of the currency who should decide which way to go.
That's what we have now. It's called fiat.
lol
i can't remember being asked what rate hike should be next...
That's because you don't have enough stake. Get yourself a Federal Reserve bank and enjoy the power.
989.
Post 13846028 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
No other coin has been through the fire yet. I doubt any of them will survive "governance".
to implement a voting-mechanism per stake could solve the issue. in the end its the holders of the currency who should decide which way to go.
That's what we have now. It's called fiat.
lol
i can't remember being asked what rate hike should be next...
That's because you don't have enough stake. Get yourself a Federal Reserve bank and enjoy the power.
so, in fiat we dont have a "voting-mechanism per stake"? you dont say?!
you see, in fact fiat is more like a small developer-group deciding which way to go. its basically the same, just some small group of politicians and economists deciding.
Bringing "stake" into Bitcoin rather than hashrate closes the door to participation. I'm not worried about the current politicking because there are people with more money than sense and people smart enough to spend it for them. Ultimately, necessity will drive a proper course of governance.
990.
Post 13847526 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
LN is scheduled to start rolling out 3rd quarter 2016 for more capacity layered ontop of segwit. We all want more capacity, we just want to insure it is done in a safe manner.
That's an awfully ambitious timetable for something that isn't even beta testing yet. Something this new will require years of testing to be done in a safe manner. Meanwhile the villagers gather to push forward the populist solution of larger and larger blocks.
991.
Post 13856193 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.43h):
Monkey reports in: Monkey thinks the next week could be uppish, but is generally skeptical out until mid-March, then bullish on the multi-month scale.
This time, I think I agree, but whatevs.
year of the monkey hasn't officially started yet has it?
992.
Post 13889059 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.44h):
Is Blockstream working on one of those Turing complete scripting languages for smart contracts as a sidechain at all? Are they in competition with Ethereum?
imo, there is no need for a turing complete stack language for specialized use cases like smart contracts. this is bullshit and is coming from ethereum fanboys.
security is the first target all other targets have to follow.ethereum is a hype whithout a single proof in the wild so far.
emphasis mine
993.
Post 13967873 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.45h):
ONE more time for good luck
Sounds great until the whole
July 2017 (maybe, pinky promise)
just in time for one year later than the halving, part.
I suspect another player will soon jump in and steal away all their best devs. Blockstream will go bankrupt by years end.
994.
Post 13968059 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.45h):
ONE more time for good luck
Sounds great until the whole
July 2017 (maybe, pinky promise)
just in time for one year later than the halving, part.
I suspect another player will soon jump in and steal away all their best devs. Blockstream will go bankrupt by years end.
Not a chance. They just sold their original roadmap as a compromise... and the miners bought it, completely. If anything, they all deserve bonuses, big ones.
Only until the Chinese figure out they got duped, dump their coins, and shut down the miners after the halving leaving a full mempool that won't ever be confirmed.
995.
Post 13968111 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.45h):
ONE more time for good luck
Sounds great until the whole
July 2017 (maybe, pinky promise)
just in time for one year later than the halving, part.
I suspect another player will soon jump in and steal away all their best devs. Blockstream will go bankrupt by years end.
Not a chance. They just sold their original roadmap as a compromise... and the miners bought it, completely. If anything, they all deserve bonuses, big ones.
Only until the Chinese figure out they got duped, dump their coins, and shut down the miners after the halving leaving a full mempool that won't ever be confirmed.
Or maybe that's the plan. Then they can roll out their new HF that will "save" Bitcoin and solidify their position as sole entry and exit points.
996.
Post 13971034 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.45h):
Can't we make a thread called "let everyone one fight over bitcoins issues and developments" and let this one for TA and graphs about speculation?
You go first. Or was that it?
Oh I'm no good at it. I'm not an excellent trader and I suck at TA! That's why I need this thread :-/
Just a bit tired of the debates on this thread, I learn some things so it's cool but most of the time I don't understand shit...
Try this!
997.
Post 13981848 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.45h):
That's the end of the "consensus" pump. Back to 370.
998.
Post 14080673 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.46h):
Bitcoin is abdicating its first mover status as electronic cash by not allowing the consumer market to make general purchases. Others will gladly take its place and enjoy the liquidity.
999.
Post 14130722 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.47h):
SegWit will allow 4-5 tps. That will help some banks participate, but not many. If banks can't even use Bitcoin, who will?
1000.
Post 14174193 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.47h):
FTFY
1001.
Post 14202208 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.48h):
ETH market cap just lost 100 million. But no rise in btc?
Le me 'splain.
The same fuckin' bitcoins that startid the pump has continued the pump. There ain't no new moneys, get it? and the best part, it's the same fuckin bitcoin that was given to them in the ipo. Free money to pump their worthless fuckin' shit.
BRILLIANT.
Nobody can ever call Vitalik anything other than brilliant. He's a bona fide genius.
I saw him speak at Decentral in Toronto back in January 2014, on the eve of the ETH IPO.. He was brilliant and almost had me convinced that giving him bitcoins for ethers would have been a great deal.
I looked into ETH, read the white paper and decided that while the concept of smart contracts and a decentralized P2P programming platform were ground-breaking, and the "ASIC-proof" mining algorith was impressive, something just didn't smell right about the business model.
I took a pass on the IPO. Needless to say, during these last few weeks I've come to question that decision as the price soared. I've always thought that Ethereum has great promise and it was only the way they marketed it that made me skeptical. Maybe I'll still consider buying some ethers once the inevitable crash occurs.
Well, he became a millionaire spinning his bullshit, so yeah, I'd say he's brilliant. That thing you smelled, btw, was bullshit.
He certainly knows how to spread technobabble thick. I've read his white papers since his
"Second Bitcoin" one first Ethereum White paper. I can't find the earliest version. He takes a long time to make a point and you're not even sure if it is. He is not eloquent because he doesn't really know what he's talking about. I suggested that gas is a protocol level fee market, which is what I've advocated for years, but he said no it is a fee cost, but you can figure out the market. Potato potato. IOW he spins everything to make an argument even when there isn't one. He's smart, but he seems to prefer to make money over a useful system. So he made an OS out of Bitcoin. People have been writing systems for decades. He still thinks PoS is a good idea ffs.
1002.
Post 14202372 (copy this link) (by cbeast) (scraped on 2020-04-04_Sat_14.48h):
ETH market cap just lost 100 million. But no rise in btc?
Le me 'splain.
The same fuckin' bitcoins that startid the pump has continued the pump. There ain't no new moneys, get it? and the best part, it's the same fuckin bitcoin that was given to them in the ipo. Free money to pump their worthless fuckin' shit.
BRILLIANT.
Yeah, Ethereum devs can spend more time skiing in the Alps now. No more crying about the 9M they "lost" when they sucked the value out of the bitcoins raised in their IPO.
,
