All posts made by spiderbrain in Bitcointalk.org's Wall Observer thread
1.
Post 4065335 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_11.44h):
someone's having a meltdown...?
2.
Post 4855787 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.01h):
Is it just me or did the bitstamp bid wall just get pretty hungry over the last few hours...?
3.
Post 5133357 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.08h):
Ohh, that was tough. Was that the bottom on stamp...?
4.
Post 5329380 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.17h):
5.
Post 5479146 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.23h):
why doesnt he simply buy into 600 if he needs those coins so bad?
looks like they heard you. 288 just got munched
6.
Post 5538832 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.24h):
Velociraptor Market Confirmed!
=D MOAR DINOSAURS!
7.
Post 5577962 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.25h):
Wow, she really is pathetic, isn't she? And the interviewers know it.
8.
Post 5940566 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.29h):
buyng, god help me.
9.
Post 6151914 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.35h):
I think other banks in china dont know what to do, because they also can't translate it precise enough with google translate:))))
=D
10.
Post 6238921 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.38h):
The volume of this pump is very similar to March 3. The difference is that it is spread over two days instead of one. I won't trust this as a true recovery unless there is a successful retest of $340 support on higher volume. Every dollar spent on the exchange is a dollar not used to put a floor on the price in the event of another stampede for the exits.
You kids run and play. I guess it falls to me to be the responsible adult in the room. A roll I am unused to. Hopefully I will not be needed.
fine words, sir.
11.
Post 6833444 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.45h):
bitstamp just got interesting at 450.
12.
Post 7025378 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.48h):
DO NOT SEND ANYMORE BITCOINS TO STAMPS
What exchange do you use? I use stamp but I'm feeling like I want some more options right now.
13.
Post 7025851 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.48h):
What is this about? Why wouldn't we send coins to Stamp? Are they having some sort of issues that customers should know about? I haven't heard anything yet.
They are ramping up their AML/KYC activity, probably due to the recent US banking law changes. This isn't a problem for me because all my fiat/coins have a healthy audit trail, but I will go a long way to avoid bureaucracy when I can help it. Just because you're in the right doesn't mean you won't be tied up in red tape for ages.
14.
Post 7335530 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.53h):
15.
Post 7596150 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_12.56h):
Something to bare in mind, I'm as happy as anyone to see it going up BUT... we have bank runs in Bulgaria, the Spanish government dipping their hand into peoples savings, the UK government bypassing the need for court orders to do the same... All this will almost certainly be good for bitcoin but when economies fail people suffer. I'm reading through the history of economics during the Weimar Republic at the mo and its scarily similar to our current situation, millions suffered and much of the middle class became paupers in the space of weeks. There where also many that made huge profits from the situation... and there where lynchings. The banks greed is going to be their downfall and its going to cause a lot of misery.
Aye
16.
Post 8060516 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.01h):
Down 5% in a week. Yawn.
17.
Post 8427156 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.06h):
462 . IsMaxKisersSelling!?
Dear God No! It must truly be THE END™.
18.
Post 8450766 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.07h):
if someone says we're bouncing on "low vol" i swear to god i'm going to pop out of your computer screen and moon you
=D
19.
Post 8565239 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.09h):
That wall looks sick to me. Probably needs to go home for a lie down.
20.
Post 8727280 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.11h):
wtf this orderbook on bitstamp is not normal.
Yeah, horrible, but the other exchanges are looking OK. There are a lot more orders off the books now than in the olden days, though.
21.
Post 8755698 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.11h):
Woah, go bull wall observer thread! Seriously though, we're still under 500, give it a few days
22.
Post 8755728 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.11h):
Last bubble was 200 to 1k
Really it was 100 > 1K. It wasn't stable at 200 for any length of time.
But you're right, either 250 > 1.1k peak to peak, or 100 > 500 stable to stable it's a factor of x5, not x11.
23.
Post 8783528 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.12h):
24.
Post 8882395 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.14h):
In other news
http://www.thebitcoinchannel.com/archives/38212I am amazed at how bearish the price is considering how the fundamentals are moving right now.
25.
Post 8896461 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.14h):
Paypal is going to accept, braintree is just the first project
https://www.youtube.com/watch?feature=player_detailpage&v=zCVQa2RbuCABid wall on stamp's looking a bit healthier now, too.
26.
Post 8896729 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.14h):
That feels much better!
27.
Post 8938045 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.15h):
Who else wishes they shorted bitcoin when it was 500-600$ with maximum leverage shouting 'f*ck you bitcoin'?
I find imagining what I
might have done when it comes to bitcoin one of the most mentally unhealthy pass times available to me.
28.
Post 8938210 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.15h):
Give me $20, a copy of the daily chart, send me back in time 3 years and I would be a billionaire.
So true. What's annoying is when you seriously thought about whether to do X or Y at the time and could have been 50x richer had you chosen Y a few more times. Still, I can't complain, I've gotten a few more Y's than most it seems.
29.
Post 9027473 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.17h):
Could someone explain me in 3-4 lines what the hell has happened in the last 17 days? Some major news or just 'normal' price fluctuation?
No news. The best explanation I've heard is too many people have invested in unprofitable mining gear, so they are selling all their new coins to cover loan costs, which is a vicious cycle. That has been building for a while, but it's feeding back on itself now, which will hopefully stop people buying so much mining gear. Once the difficulty stops going up so fast I think it might take the pressure off, but we have to wait for idiots with poor maths skills to catch on before that happens.
There are other people (noobs) claiming it's early adopters cashing out, but there's no sign of that in the bitcoin days destroyed.
30.
Post 9048080 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.18h):
Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
I mean that QE stimulus buying of the bonds and propping up the demand is keeping the price of the bonds up and stimulating demand, but is also keeping the yield low.
I mean that they are effectively borrowing from peter to pay paul.
I mean that the current situation is not sustainable in its current state, not in the US, not in Japan, UK, Canada, not in Eurozone at large but especially Portugal, Italy, France, Spain, Greece, and also as it goes not in China it seems either.
I mean that propping up the markets and the bond markets cannot go on forever.
However I also mean removing the stimulus will increase the supply of bonds on the open market, and due to less buying at real levels, and increased supply there will be less demand and the prices will fall, which will lead to the yields on the treasuires having to increase to entice demand, and they can only go so high for so long and be "sustainable" for a government, once you get over 7% you are on rocky ground. Conversley the higher the demand for the bond on the open market, the higher the price of the bond, and the lower the effective yield is.
I also mean that low interest rate cheap easy money cannot go on for ever, and weaning the system off of this meddling will have consequences.
I mean that the debt is out of control, and "printing" out of it has never worked out that well for any country.
I mean that the underlying base of our monetary system is flawed.
I mean that as is the nature of the beast there are cycles, and we are due a down cycle, and I do not think the piper has yet been paid for the past 20 years worth of recklessness.
I mean that eventually the music always stops, as it always does, and people rush to perceived safety...there is a risk people see US bonds (Jpy Bonds etc) are more risky than in the past (safer than many things still though, for now at least) there is a risk that they are just less attractive to investors.
I mean that investors and nations might already be holding too much US denominated debt...and be having their own problems.
I mean we are not alone on this world and our economies are all interlinked, and that the games being played which are systemic, will have systemic consequences when it goes wrong.
I mean that a nation will eventually if they keep playing this game without addressing the underlying problems, default, when there is not enough money to take from peter to give to paul. (maybe that is the whole idea)
I mean that things go wrong (or maybe even right as the case may prove to be)
I mean that perpetual debt growth in the manner we have seen in the west in the past 20-30 years is insane.
I mean that confidence in the current system is in question.
I mean we are being played like violins...
I mean that these games invariably lead to consequences for the average joe, no matter how they pan out, be it crash or contraction.
I mean that either the problems need to be addressed, and therefore some has given, or the consequences will have to be paid, which will also mean something has given, or they need to change all of the rules...and the system itself which again means something has given.
I mean there will need to be changes... because the situation cannot carry on in this manner, and there will likely be some pain no matter how it goes down.
I mean there is time and there is timing... but there is also kicking the can down the road, in the face of total uncertainty on how to resolve the issues at hand... they are not in a hurry, and therefore are likely to not do anything that soon.. meanwhile people and other countires grow impatient and have designs of their own. Maybe forced evolution will be the answer.
I mean..
The universe is racing towards heat death.
Awesome.
31.
Post 9085636 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.19h):
32.
Post 9090555 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.19h):
You would have to be brave stupid not to ride all the way down to here from 600 and not just sell again.
FTFY.
=D
I am actually punishing my idiot self in the past for not selling at $600 by not allowing myself to sell now, if that makes any sense?
33.
Post 9090719 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.19h):
I am all in
you are the honey badger of wall observer thread posters.
34.
Post 9098186 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.20h):
35.
Post 9126907 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.21h):
The wall at Bitstamp is looking great for a change.
36.
Post 9180949 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.23h):
this chart literally PROVES
the next few hours are critical! 
confirmed.
37.
Post 9180969 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.23h):
What doesn't kill you makes you weaker.
I've always liked "That which does not kill us makes us stranger."
38.
Post 9191114 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.23h):
The next 24 hours are critical; true or false?
The
last 24 hours
were critical
39.
Post 9193692 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.23h):
No short squeeze on finex yet, surprising...
40.
Post 9193807 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.23h):
No short squeeze on finex yet, surprising...
spooderbrainspiderbrain, how might one observe a short squeeze? Is there a chart for shorts and longs etc?
I don't specifically know, I was only referring to a sudden price spike caused by position liquidations because bitfinex forces traders to close positions which they can't cover. However, there is a hell of a lot of data here if you're keen to find something more empirical
http://www.bfxdata.com/sentiment/longshort.php
41.
Post 9193909 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.23h):
I think we just hit the short squeeze. Should be an interesting feedback loop on finex.
42.
Post 9193963 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.23h):
416.29
Yay, moon
Nah, not enough digits
43.
Post 9221460 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.24h):
probably some idiots liquidating because of the volcano about to erupt in the financial markets. Bitcoin is seen by some as a bubble inflated by cheap fed money. In reality it's the one thing guaranteed to be left standing when the world financial system disappears into it's own black hole of debt.
44.
Post 9240284 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.24h):
CUT YOUR GOOSES, YOUR MOOSES AND YOUR CABOOSES LOOSES!!!!!
confirmed.
45.
Post 9244158 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.24h):
46.
Post 9275898 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.25h):
What do you think about the USD ?
Why is it so strong ?
Is it because of the oil price going down ?
US dollar isn't strong, everything else is weak. Everyone is printing, but US printed money is just sitting in private bank accounts and isn't moving, yet. Most commentators think this can't last, so shorting the dollar is probably a good idea right now. Against what is the question, though? The global economy is in recession, so commodity prices are going down (especially oil because of the anti russian US-Saudi deal) so probably not them. Gold? Again, a good long term bet, as the rush to physical gold in china and india shows, but short term the naked shorting of paper gold could continue.
It really depends upon what different central banks do, hence these guys' conclusion... "meh."
http://www.gfx.gbm.scotiabank.com/Chart_Feed/fxout.pdfHave you heard of bitcoin...?
47.
Post 9275939 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.25h):
Can the madness go on forever ?
The US has already exceeded one of the three classic precursors of hyperinflation. Japan, Europe and China aren't too far behind, However, because most of the money is nominally sitting in shares (US) property (China) government debt (Europe, Japan) it's all holding together. Once people start trying to liquidate I suspect it will all turn to custard surprisingly quick.
Don't worry, crypto will be here to pick up the pieces
48.
Post 9362316 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.27h):
49.
Post 9467771 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.29h):
yeah, this market clearly can't decide if it's a breakout or not. I'm personally much more interested in the bitstamp order book, which is looking much healthier now, 20k coins to $100 and 16k coiins to $1000. Not that there aren't more hidden orders, but it's looking a lot better than a month ago.
In other news, did anyone else notice the amazing DRK action today? +40% in 24 hours, not bad.
50.
Post 9467815 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.29h):
"foreign law enforcement authorities" imaged the Silk Road 2.0 server on May 30—which means the site was allowed to continue to operate for five more months while the FBI, HSI, and partner law enforcement organizations gathered data.[/b]"
That's wise of them to have done that, why should that surprise anyone?
51.
Post 9507069 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.30h):
Not many people shorting on Bitfinex based on the swap rates. That is at least some good news.
52.
Post 9507245 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.30h):
This damn forum is so embarrassing to use in a public place.
yeah, we should get a moderator or something. In fact, this is a self moderated thread, right? So no Adam = TOTAL CHAOS!
53.
Post 9529935 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.31h):
This is entertaining.
54.
Post 9529972 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.31h):
bitcoinity was amazing just then, the volume went up massively and then 504 Gateway Time-out. No shit.
55.
Post 9559769 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.32h):
Yay, Adam is back! Please bring this thread to heel, it has become even more chaotic in your absence.
56.
Post 9565590 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.32h):
Nah, don't consider myself that good.
=D
57.
Post 9565640 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.32h):
Guys, all we gotta do is get 10 million people to buy 1 bitcoin. How hard could that be?
"It's not a pyramid scheme"Sadly some people act like it is.
But from another point of view, 10 million people owning 1 bitcoin each is probably a good diversification strategy for them, unless they trust the global banking system completely.
58.
Post 9580465 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.32h):
What's people's take on the latest silkroad seized coins auction? Gotta make a bit of an impact, no? I was short term bullish until that, now I am agnostic.
59.
Post 9585492 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.33h):
another blind newbie...
Derp.
60.
Post 9627717 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.34h):
Post rate is going parabolic!
61.
Post 9647776 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.35h):
breakout to 390 soon
No signal that it is going to happens.
Micro volume.
Micro volume could be no one's selling, which generally happens before a breakout, no?
62.
Post 9876318 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.40h):
That's encouraging, I didn't think it smelled like a proper panic. A good double bottom is likely, then. Thank god, can we get this over with?
63.
Post 10147782 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.48h):
This is quite sad.
I've invested over 8000 GBP & I'm at least 75% down now.
I can't believe this.
Tough ride.
64.
Post 10174495 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_13.50h):
"what the fucking shit is going on!"
from now one obligatory in every poll
I am totally loving the polls ATM, the only reason I've had to log in in a long while =D
65.
Post 11080035 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.11h):
Hey, what is that gif from..?
so this is it this is how the story ends, 2.5K BTC is hodling back extreme DOOM for the moment, soon it will be pulverized and DOOM will follow, oh look wall gone DOOM is here, its been fun guys, i must go now.
66.
Post 11080104 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.11h):
67.
Post 11631876 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.17h):
The bitstamp wall hasn't looked this interesting in a while.
68.
Post 11751618 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.19h):
yeah , this time to make some profit , i cant believe i can so easily play secondstrade usd/btc predictions , i have converted my 4$ to 12 $ btc , hope i will quit now , with this.
can anyone give me a valid explanation why BTC price is suddenly becoming too high since last 2 days.
please give only serious reply
This is a completely normal level of volatility for bitcoin. It we go over $300 THEN it will get really nuts...
69.
Post 11792762 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.19h):
Slow and steady up to $600 over the next 3 months.
Confirmed!
If you don't mind, how it's confirmed ?
70.
Post 11839628 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.20h):
Only 4600 coins to $1k on bitstamp, lovely!
71.
Post 11839917 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.20h):
Wow what a rise!
I'm guessing you weren't around for 2013?
72.
Post 11840191 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.20h):
As far as the Chinese exchanges go, anyone who got their money out before 50% of stocks were suspended has fresh cash and a gambling addiction which needs to be expressed, so it's not that surprising bitcoin is getting some attention.
73.
Post 11851253 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.20h):
Can anyone post the lama confirmed.jpg again?
Cant find it on google search
How about this one?
74.
Post 11864071 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.21h):
i feel like i should maybe update bit movements, but i'm on vaca... I'll just update it once the market gets TOO HOT, which should be in about a week or two, once i'm back at my computer. fucking nice to see bitcoin finally get some well deserved positive action.... FINALLY!
Indeed. Two weeks, you say? We'll probably bounce off the last high of $450 then, eh. And then wobble about between 300 and 450 for a few months. God dammit it's been a long down trend!
75.
Post 11867041 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.21h):
Woot bitcoin was at $310+ !!!
Freaking hell...
Bitcoin gets a lot more volatile than this! Stick around and you will see some real insanity at some point.
76.
Post 11876197 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.21h):
after the LTC crash, i have a feeling BTC will crash hard this time.
LTC is up 150% from two months ago, if bitcoin crashes hard like that I'm gonna be dancing.
77.
Post 11885050 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.21h):
Trouble is once you deposit money in a bank it is no longer your money. All you own is some bank IOUs.
Lesson. Only ever put money into a bank you can afford to lose.
wise words indeed.
78.
Post 11932524 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.21h):
Increasing divisibility is not the same as printing more dollars, it's the same as breaking up dollars into pennies, or pennies into even smaller units if the dollar becomes so valuable that even pennies have to be broken up into smaller parts.
I am personally gutted that someone thought of breaking up gold bars into 1oz coins. Now my 10kg ingots are almost worthless
79.
Post 11932573 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.21h):
Increasing divisibility is not the same as printing more dollars, it's the same as breaking up dollars into pennies, or pennies into even smaller units if the dollar becomes so valuable that even pennies have to be broken up into smaller parts.
I am personally gutted that someone thought of breaking up gold bars into 1oz coins. Now my 10kg ingots are almost worthless
I don't invest in gold because I don't have enough money to afford a full bar of gold.
No, there is a way! I found this nice investment bank which issues paper certificates that they say are the same as real gold, in any amount you want. I'm sure they'll be trustworthy, even in difficult times.
80.
Post 11980884 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.22h):
why price suddenly drop to 286 ?
China Shanghai stocks down 8.5%, biggest one day drop since 2007.
Ooh, I thought that one was "fixed". So much for banning short selling!
81.
Post 12030903 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.22h):
Someone is in a hurry to sell on bitstamp...
82.
Post 12031724 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.22h):
Right, off to do a laparotomy.
You keep muttering drivel to yourself.
A rocket surgeon who has to pimp an online dice site in his sig to make ends meet
Bitcoin. NOT EVEN ONCE
Rocket surgeon? Are you some kind of idiot?
There's some comedy gold around at the moment =D
83.
Post 12086315 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.22h):
We now are approaching peak troll, as far as new pointless threads go.
84.
Post 12086336 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.22h):
The sheer volume of people wanting me to panic sell my coins is bullish
There's clearly a lot of demand out there!
85.
Post 12086356 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.22h):
We now are approaching peak troll, as far as new pointless threads go.
True
Oh well, easy ignores
I can't ignore the new sock puppets faster than they're being made!
86.
Post 12099467 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
War is Peace.
Freedom is Slavery.
Ignorance is Strength.
Blessings of the state.
87.
Post 12130089 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
So do I get to post anything without it being deleted?
88.
Post 12130158 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
So do I get to post anything without it being deleted?
It's Adams thread as you just said so yourself, clearly he agrees that we shouldn't be talking about alt coins in here and so deleted his posts about them and yours as well.
Hmm, OK, I can go with that. Damn those pretender coins and those that mention them!
89.
Post 12153755 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
A shit load of hidden buy walls there... 10k volume ad the price is down only for 4$.
There's almost no point in trying to make sense of the visible wall on Bitstamp these days. At least, that's how it seems to me.
90.
Post 12172214 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
so there is a really really thin bid book on stamp...
Yeah, looks terrifying, doesn't it? but it seems to have absorbed a lot volume without going anywhere...
91.
Post 12178478 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
The selloff is accelerating.
Do people think that their coins are going to be worthless if this whole XT fork ends up happening? Is that why people are dumping? Is there any evidence to suggest the classic core coins will be worthless? What happens to my BTC? I sure as hell don't want to be holding if this is the case.
I thought this whole XT thing might actually be a positive catalyst, but obviously I don't know anything about the economics here.
This is what happens when people invest in things they don't understand. There is no fork, and if there ever was one, because it would be driven by 75% of the network, it would effectively just be an upgrade. It's not going to happen, it's just a negotiating tactic. That said, if you're over invested in something you don't understand, either educate yourself or reduce your investment.
92.
Post 12178525 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
Wow, wish I had some fiat on finex
93.
Post 12178538 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
STOP THE EXCHANGES!!!
Nah, it's like the old days, let it rip! It's like this on the way up, too =)
94.
Post 12178546 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
Time to buy supercheap coins?
Cheaper than this I suspect. I think we will be able to say at the end of this all the weak hands will be gone!
95.
Post 12178596 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
Looks like the bulls have just woken up on finex, but they want super cheap coins. And why not?
96.
Post 12178678 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
Bottom's in?
97.
Post 12178817 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
What is happening? Can anyone explain to me?
Ignorant media articles about the XT non-fork making whales sell to start a panic and buy again cheaper to finish it. Hodlers just sit around and enjoy fresh popcorn.
98.
Post 12178824 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
YEAH BABY!!!
CLOSE BTCUSD 226.05 18-08-15 18:06:47
LONG BTCUSD 195.24 18-08-15 17:50:19
LONG BTCUSD 214.8 18-08-15 17:48:31
SHORT BTCUSD 289.32 24-07-15 15:53:29
SHORT BTCUSD 288 24-07-15 14:47:50
Nice work!
99.
Post 12178899 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.23h):
What is happening? Can anyone explain to me?
Ignorant media articles about the XT non-fork making whales sell to start a panic and buy again cheaper to finish it. Hodlers just sit around and enjoy fresh popcorn.
Why is everyone selling then? Whales arent newbies...
Is bitcoin going down to 100USD?
Whales selling because they know they can buy back cheaper and get more coins. Wanting more coins is bullish, long term.
100.
Post 12455759 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.26h):
Thanks for the info, sounds super dodgy.
cui bono? Who benefits from small blocks? Some one or group of people is stalling the scaling upgrade for reasons other than decentralization, security, etc. From the videos of the conference, i get the idea that some is pulling strings behind the scenes to manipulate the hold outs. The technical objections seem contrived, like the arguments of a mob lawyer.
Why do the haterz hate so much? Luddites? I don't think so. I think it's something more cynical than that. I don't think the power behind the small blockers is ideological or technical. It's political.The big blockers didn't seem to grasp that we're up against someone or group that plays dirty. So who is it? Not the pawns on the chessboard, but the power that's moving the pieces. Who is it? Cui bono?
and that MC was painfully terrible.
It was revealed that the Bitcoin X[T] thing was just a ploy to implement Mike Hearn's blacklisting code. I used to support it until I saw that.
Show me how. In what way?
From the commit here:
https://github.com/bitcoinxt/bitcoinxt/commit/73c9efe74c5cc8faea9c2b2c785a2f5b68aa4c23The Bitcoin client which is supposed to be peer to peer, anonymous, decentralized, calls this line (open a connection to a centralized URL which can be manipulated):
http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010379.htmlBitcoin XT contains an unmentioned addition which periodically downloads
lists of Tor IP addresses for blacklisting, this has considerable privacy
implications for hapless users which are being prompted to use the
software. The feature is not clearly described, is enabled by default,
and has a switch name which intentionally downplays what it is doing
(disableipprio). Furthermore these claimed anti-DoS measures are
trivially bypassed and so offer absolutely no protection whatsoever.
Connections are made over clearnet even when using a proxy or
onlynet=tor, which leaks connections on the P2P network with the real
location of the node. Knowledge of this traffic along with uptime metrics
from bitnodes.io can allow observers to easily correlate the location and
identity of persons running Bitcoin nodes. Denial of service can also be
used to crash and force a restart of an interesting node, which will
cause them to make a new request to the blacklist endpoint via the
clearnet on relaunch at the same time their P2P connections are made
through a proxy. Requests to the blacklisting URL also use a custom
Bitcoin XT user agent which makes users distinct from other internet
traffic if you have access to the endpoints logs.
101.
Post 12558707 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.27h):
months of sidewazzzzzzzzze
Total crab market.
102.
Post 12612618 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.27h):
WOW 2.5k wall at 240 on BFX. Prepare moon suits.
Moon suit has been ready for 2 years now
My moon suit is partially eaten by moths...
Natural fibres aren't great for pressure suits, anyway, so the moths might have done you a favour
103.
Post 12709990 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.28h):
Giant wall of nom on bitfinex is amusing
104.
Post 12806659 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.29h):
only 6000 coins to $1k on Bitstamp. Just sayin'.
105.
Post 12807356 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.29h):
only 6000 coins to $1k on Bitstamp. Just sayin'.
So, should we buy all of it now?
Nah, no rush, just pick 'em up slowly and hopefully they'll stay this cheap for a while =)
106.
Post 12808934 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.29h):
2000 is behind us on okcoin!!!
Ahh, that was the really interesting barrier. There should be some interesting CNY/US arbitrage tomorrow.
107.
Post 12827136 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.29h):
Why do you forget about possible capital controls in China, brg ?
For one thing, bitcoin is not seen by non-bitcoiners as a solution for capital controls. In Greece, there was zero interest in bitcoin during the crisis.
That's not entirely true. There wasn't much bitcoin buying in Greece because everyone's bank accounts were frozen. Plenty of other interest, though
http://cointelegraph.com/news/115143/greece-to-receive-1000-bitcoin-atms-as-trust-in-banks-long-gone
108.
Post 12827344 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.29h):
and... less than 4700 coins to $1k on Bitstamp. I'm enjoying how this looks
109.
Post 12853973 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.30h):
Someone's hungry on finex!
110.
Post 12866923 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.30h):
OK so lets say hundreds of you guys are HODLERs with thousands of coins each.
What would be your check out point?
Do you worry about the other thousands of early adopters who must be waiting also to cash out ?
Bitcoin, or another crypto, is in my opinion very likely to end up a trillion dollar market at some point. So my plan consists of selling out gradually as it approach that market segment while keeping an eye on crypto technology in general for potential replacements for the top spot. If other people sell earlier than me, so what. Some people thought it was a good idea to go full fiat at $10. In the mean time it's a great hedge against the global debt based fiat banking system eating itself, which it constantly threatens to do.
111.
Post 12867397 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.30h):
China's broken $400 and 1500 coins to $400 on stamp
112.
Post 12867449 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.30h):
this is WAY WAY too fast....
Probably, but it was pretty fast on the way down, too. Miners take a break from daily selling and this is what happens.
113.
Post 12867473 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.30h):
Just
114.
Post 12876769 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.31h):
Orderbooks everywhere look so thin.
Can anyone who traded in 2013 talk to us about how they looked during the run-up?
I'm sure there are hidden sell and buy orders, but is the velocity of volume comparable to 2013?
2013 looked similar. 3500 coins to $1000
That said we're probably due a little "first sell off" around now.
115.
Post 12877825 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.31h):
new poll please!
116.
Post 12889231 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.32h):
Today is the best day for this
117.
Post 12889803 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.32h):
Buying in Chinese Yuan, selling in USD. They aren't buying Bitcoin, they are just using Bitcoin to buy Dollars. To avoid capital controls.
Of course, hence the huge disparity. USD exchange day traders were tagging along with the Chinese lead, when they should have been doing the opposite because of the buy/sell flow. It's like the end of gox except CNY in China is like USD "trapped" in gox in the last weeks.
118.
Post 12890664 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.32h):
Heaps of volatility around 500? How unexpected and discouraging!
119.
Post 12944595 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.33h):
I guess now is the time to cover / buy since everybody is panicking and thinks BTC will go to $200 again.
That's my thinking.
120.
Post 13214645 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.37h):
Why in the world would you sell your bitcoins during a bull run?
Because you've ended up with over 90% of your net worth as bitcoin and you ought to diversify?
121.
Post 13214742 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.37h):
Why in the world would you sell your bitcoins during a bull run?
Because you've ended up with over 90% of your net worth as bitcoin and you ought to diversify?
Stick your money into property (real estate) & bitcoin. Why the hell would anybody leave significant savings in fiat banks. The interest rates are criminal.
I'm more concerned about them doing a Greece and just vanishing the money, but I've got over this nervousness by using my spare money to short the financial services sector.
122.
Post 13221935 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.37h):
Crazy times are back again
123.
Post 13243651 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.37h):
Supposed to be some type of possible implosion on Dec 16 when they raise interest rates, so owning Bitcoin on that date is a pretty good idea.
There will be no raise. They'll find excuse to not raise rates. But owning Bitcoin is always a pretty good idea on every date.
Owning bitcoin is a wise choice, indeed, but it's possible they might raise by 0.25% to take the top off the market and not look impotent. If they do, then no doubt they'll back off after a few months once things turn ugly.
I just have a bowl of popcorn and a sense of humour, in any event
124.
Post 13249589 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.37h):
i feel is waaaay to risky to buy bitcoins at 400+ in an economic environment that is worsening each day
?...
Risky economic environment is excellent for bitcoin!
Not necessarily. If people start having less money due to a decreased ability to borrow and leverage, or otherwise, then they won't have as much speculative money to support the price.
Maybe, but an asset class in an economic crisis that has no counterparty risk and is immune to capital controls? That sounds pretty appealing.
125.
Post 13281433 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.38h):
Back when Proudhon was the resident shitposter
I wonder what happened to him
IIRC, Proudhon said he'd found all the trolling he was doing had an unfortunate effect on him and decided to stop. Rather respectable, really.
haha, he trolled so hard he actually turned himself into a bitcoin hater ... and then hated himself.
I miss Proudhon, he was a comic genius.
126.
Post 13334837 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.39h):
@flagpara
totally agree with you man
+1000
Thanks dude.
I trade sometimes, mainly because I have no faith neither in our society or our government so I don't really feel guilty about it. But it doesn't mean that I am not aware of the fact that when I earn 200$ profit on a trade, it means someone somewhere lost 200$ to. I'm just stealing (legally but still).
So if a government wants to regulate that and limit the profits of the REAL criminals of our time, well I can't say anything but yes. I'll earn less money, but that will be for the best. It's like the taxes, I don't like paying them, but that doesn't mean I can't understand that it's thanks to the taxes I currently pay that I was able to go to school!
PS. And I like your vision of Jesus
Nice one, guys, great to see some sanity on this forum for a change
127.
Post 13357476 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.39h):
Good morning and Merry Christmas to all of Bitcoinland, bulls and bears, investors and traders alike.
Peace on earth, goodwill to all humankind.
Merry Christmas, and nice pic.
128.
Post 13443875 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.40h):
Are you guys serious? Comparing me with user kwukduck.
Okay well then I'm out. Best of luck with your trades.
You're no kwukduck.
129.
Post 13512250 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.40h):
So I give up. I just continue quietly following although it would be nice to contribute a bit once in a while.
You sound so reasonable! Stick around
130.
Post 13570222 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.41h):
Anyone worrying?
Meh. I was poor when I started.
Nice. You gotta take the 12% down days with the 12% up days ¯\_(ツ)_/¯
131.
Post 13616859 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.41h):
I really feel like someone knows something I don't! Maybe there's been a bitcoin dev compromise...?
132.
Post 13736084 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.42h):
The $7/tx subsidy only illustrates how ridiculous the coffees-on-the-blockchain idea is, and how critical it is that BTC become high-powered money rather than yet another retail payment rail.
Those four tps are the most precious rare things in existence. The ability to store and/or transfer value quickly, securely, and without permission is unprecedented. A gigawatt is a small price to pay for the provision of such a modern miracle.
It's adorable you think Honey Badger cares about ignorant Gavinista fuckwit ramblings and desires for a contentious hard fork and governance coup.
Please take your Negative Nancy 'zomg Bitcoin is GOING TO DIEEEEE WITHOUT 2MB RIGHT MEOW' bullshit over to BitcoinObituaries.com.
Posts like this give reminds me we have (some) intelligent people left on the forum. Thank you
Posts like this give reminds me why we have vastly fewer intelligent people left on
the this forum.
The one island of intelligence, the old gold thread, was committed to the memory hole for grievous thought crimes… for your protection. Let's admit it, they just didn't jive with a forum filled with sig ad penny farmers, boot lickers, and budding central planners.
~The technical consens-o-tron begins to emit a soothing glow, its speaker crackles with static before a voice begins to come through…~
Grok.
Grok.
User, miner, business… have you begun to Grok the Ethos?
Things are desirable because they are expensive.
Central control is censorship resistance.
Meritorious Monarchy
Dissenting opinions are a sign of disloyalty and fragility.
1MB is a holy number. Changing it = Changing 21 million coins
Segwit is not a change, your node won't even know it happened.
Soft Fork = Safe Fork
Do you want loss of funds?
Do you Cypherpunk?
Do you write Code? [To have it promptly ignored/broken by Wizards]
Do you central plan?
Conflict of Interest is only a conflict if you won't shut up about it.
Stagnation = Growth
Competition is a Sin.
Altcoins do not exist.
Techno Experts are expert.
The price is rising, and will continue to rise as we ascend to the Moon at 2.7 tps.
Hub and Spoke [Peer 2 Peer]
Vaporware is Complete, and is already accepted by the market.
Have you REKT a Gavin today?
Trust Everyone™
~message repeats~
Blessings of the state, brother.
133.
Post 13778103 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.43h):
He has probably expressed his opinion many times, but was banned for 'trolling core'.
nice.
134.
Post 13778189 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.43h):
I don't think so. I doubt he would approve of subversive altcoin garbage like "Classic" and the chumps behind it.
Well he obviously approved of Gavin otherwise he wouldn't have given him the only commit rights to core. What he thinks of that decision now is anyone's guess.
135.
Post 13779854 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.43h):
I went to a psychic today, based on what the cards said on Bitcoin here is a summary:
Core will increase the block size because they will lose control if they don't.
Block size increase will bump the price only slightly, maybe 20%
Halving pump already happened.
Next big run up won't happen until capitulation from the last pump.. I think we will see BTC-E flash crash in September to $209.
Then we rise up to above $500 to stay.
Next big wave isn't for another two years... we will get back over $1k eventually but all of you holders will likely be shaken out before we do.
Ha, that's what you think! I was actually seeing my astral projection service provider at the time and she psychically took over your psychic and made them say that so that you would sell all your coins to me for cheap. Beware of using outdated APIs, sucker!
136.
Post 13790717 (copy this link) (by spiderbrain) (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!
137.
Post 13890914 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.44h):
I don't necessarily disagree with you that there will be people that want more than 21m coins.
An argument like that will never be presented "we want more coins and high inflation for the lolz".
It will be presented as "we want cheap txs".... Arguments like
"People want cheap txs, who are you to stop that".... Populist bullshit like "bigger blocks" and the "dangers" of "fullblockalypse".
There is no comparison between a hard fork to raise the blocksize and a hard fork to increase the 21 milion cap on supply. The former is a minor property that almost everyone agrees will need to be changed at some point. I owned Bitcoins for years before I even know there was a max blocksize. I knew of the 21 MM limit before I bought my first coin.
A slippery slope argument is a logical fallacy.
https://en.wikipedia.org/wiki/Slippery_slopeDude increasing the 21 M limit and increasing the block size is the same thing.
oh really? I'd like to hear an explanation. How the hell is it the same thing? It's not even remotely the same thing.
Indeed.
138.
Post 14033177 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.46h):
Side note: this thread has become the longest & fastest growing thread on the internet
Maybe you could move this thread onto your own website and then take over the world?
139.
Post 14042864 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.46h):
can we discuss the latest price pls
its moving ppl, the wall is moving
Yeah, we're getting close to the end of the 4 month wedge and it looks like it might break up when it's over. The stamp wall is looking greedy.
140.
Post 14044028 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.46h):
141.
Post 14093959 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.46h):
Polite suggestion to diversify into ...
The currency that cannot be named
Don't bother. They're all out trading eth.
All that is left here is the core fanboys who doesn't understand they just poisoned the well.
Wow, best quote I've seen here in a while =D
142.
Post 14099009 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.46h):
crazy how easy this whole mess could be solved, but core is not able to accept the HK-agreement
What mess? It is business as usual.
Core devs are doing great job improving bitcoin immunity against all kind of attacks.
Bitcoin is growing in a very healthy environment. Yes, it is the wild west but this is the way it should be.
core is provoking a contentious hardfork with their silly behaviour. even if you are convinced that 2MB is unnecessary you should do it because the civilwar is much more dangerous than a hardfork.
Indeed.
143.
Post 14099012 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.46h):
crazy how easy this whole mess could be solved, but core is not able to accept the HK-agreement
What mess? It is business as usual.
Core devs are doing great job improving bitcoin immunity against all kind of attacks.
Bitcoin is growing in a very healthy environment. Yes, it is the wild west but this is the way it should be.
=D
144.
Post 14099571 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.46h):
god damn why does price keep going the wrong way???
Price is in the same wedge it's been for the past six months, no?
145.
Post 14144135 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.47h):
I hope these stupid meme didnt offend anyone, i can't stop LMAO. life's too short to be serious all the time, if you can't laugh at yourself, call me i'll do it for you.
They're great, keep'em coming =D
146.
Post 14164274 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.47h):
I will take it on faith that those graphs are factually accurate.
That goes for the graphs of blockchain.info as well. Luckily, all data is public, so everyone can check it if he wants.
they still don't demonstrate some kind of emergency state, and even though a bit more granular than blockchain.info, they are not really showing anything that should cause panic.
Suppose a bus company starts running a service in 2010. At first, you'd only see one or two people in the bus. As the bus service becomes more known, more people travel on the bus. Nowadays, busses are often completely occupied. It's common that people are left at the bus stops having to wait for the next one, esp. if they bought the cheapest tickets.
You can see that this happens more and more often. However, anyone who bought the most expensive ticket always manages to get on the next bus. Nevertheless, it happens more and more often that more and more people with the cheap tickets have to skip buses.
Yet, you say there's no reason for panic. You don't expect that the demand for the bus service will keep growing.
I do wish that blockchain.info would come out with some more granular charts to maybe break down by hourly or even shorter periods and to be able to zoom in or out in order to better see if there are some rush hour periods..
What's so special about blockchain.info, I wonder.
and maybe even if there are ways to show charts that separate spam and legit transactions
I can imagine that a flood of tx without fee can be considered spam. But nowadays, only mining pools use zero fee tx to payout their miners. There are hardly any zero fee tx issued otherwise. (800 in the past 24 hours, source:
https://bitcoinfees.21.co/ ) But if a tx carries a fee, how to decide if it's spam or not? What is your definition of spam?
I get the sense that seg wit filters out spam too, so maybe we are going to witness some better representations of what's going on once seg wit is live?.
How does SW filters spam? How does it decide which tx is spam and which is not?
Anyhow, there is work on seg wit at the moment and a plan to begin with that (coming soon) and then to give further consideration to whether an additional physical block size limitation needs to be incorporated as well.. so I really am still having difficulties grappling with some of the panick.
How many people need to wait for how many next buses until you panic? Or don't you care about others, as long as you can afford your bus ticket?
In other words: how many tx do you think Bitcoin should be able to process today, in 3 months, in 6 months, and in one year's time?
Fact: the number if tx per day is close to the limit of 250,000. We recently touched that twice. (sources:
https://blockchain.info/charts/n-transactions?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= ,
http://www.coindesk.com/data/bitcoin-daily-transactions/ )
We crossed the 20,000 tx/day in June 2012
We crossed the 50,000 tx/day in August 2013
We crossed the 100,000 tx/day in March 2015
We crossed the 200,000 tx/day in January 2016
And the hard limit is a little over 250,000...
So, do you think 250,000 tx/day is sufficient for Bitcoin to be successful? Do you think 400,000 tx/day is sufficient by the end of this year, when SW is rolled out and most other software is updated to take advantage of it? Do you think 400,000 tx/day will be enough until LN comes into existence?
Thanks, nice analysis.
147.
Post 14191581 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.48h):
bye bye bitcointalk. it's finally time to move on.
Yeah, the mods are doing a fabulous job of killing this forum.
148.
Post 14243924 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.48h):
MINT is doing good today.
What the fuck is MINT, where is the fucking chartbuddy and what the fuck is going on anyway? This thread is fucking D.E.A.D
Chart buddy, and everyone else, are here
https://bitco.in/forum/threads/wall-observer.27/page-46
149.
Post 14277444 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.48h):
The rest of your post is, per usual, more drawn-out bland bullshit peppered with buzzwords. Which you hope against hope other idiots would mistake for erudition.
Which, of course, they do not.
Ad hominem is below par, but... it's funny because it's true =D
150.
Post 14277446 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.48h):
Meanwhile, back at the ranch, the price keeps creeping upwards, albeit on low volume.
Oops. I didn't mean to change the subject.
Discussing the price of bitcoin? Controversial!
151.
Post 14295985 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.48h):
I"M BACK BABY!!!!!!!!!!!!!!!!!!
Woooo! Change the poll, change the poll!
152.
Post 14300648 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.48h):
Hey, this might work. Looks like the other thread turned into JJG observer.
Tell me about it. It's like he thinks TL;DR means "do go on!"
153.
Post 14304424 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.48h):
I'm not hating, I just usual don't get to read your posts because they are too long
154.
Post 14381550 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.48h):
Izabella Kaminska. Isn't that the woman everyone thinks is lambie?
Wouldn't surprise me.
She is absolutely a Bitcoin skeptic.Maybe hates it with a passion.
Would have been cool if that Wright dude turned out to be Satoshi and started laying down the law.
"Ok, clearly we don't need a block size limit any more. This should be obvious to any idiot. Oh, and PoW? Hmmmm... I've been working on a solution in my lair."I wish. From what I've read so far I wouldn't be entirely surprised, i.e. Satoshi was a front character for two people, one of which has since died. Can't wait to find out!
155.
Post 14398990 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.48h):
Canada doesn't have a monopoly on smart people but on a basis of population we're still well ahead of the Russians
Only because you import Chinese and export Celene Dion and Nickleback.
We also don't put our healthcare in the hands of sleazy insurance corporations or spend more on the military than on education.
I tried not to mention the Land of the Incarcerated and the Home of the Emboldened. Sigh.
_________
Sorry everybody. I should never have bitten Bargainchop's trollbait. My apologies.
No, that was funny, keep it up! =D
156.
Post 15552020 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.55h):
Are we post the usual triangle breakout point, or what? I would be worried, but I'm still overjoyed to see Proudhon posting on this forum again!
157.
Post 15570208 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.55h):
Happy halving.
Firefighters celebrating at work today
It was delicious
Hope btc go up to 800$.
Don't hope to much!
Be happy about what you got, a 650 is already seriously cool =D
What about this cake?
From the Boston halving party.
Yum! Technology never looked so tasty =D
158.
Post 15794060 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.56h):
ye gods.
159.
Post 15796683 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.56h):
!!!!!DO NOT LEAVE YOUR COINZ ON EXCHANGES YOU FUCKING MORONS!!!!!
This.
160.
Post 16117301 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.57h):
And the central banks are saying what they're doing isn't enough...that they need to think up some more extreme measures because the market isn't "reacting" the way they'd hoped when they opened the floodgates.
Everybody who is somebody knows there is only 1 option. The monetary velocity has frozen; the debts are unserviceable; the only way forward is a giant revaluation of gold where all national currencies take a huge haircut in the process. Each nation can't simultaneously devalue against each other in a currency war because then you accomplish nothing if everyone does it. Instead of trying to rig gold in place and devalue against each other, they have to let gold float free and then re-integrate it somehow.
If you try to freeze gold in place and just print your way out of it, you get hyperinflation. If you let gold free float and then let it rise and re-integrate it in some manner, then you might be able to avoid the eventual hyperinflation outcome of printing to avoid deflationary collapse. It's kind of a situation where the writing is on the wall for the death of these fiat currencies, so they can either transition to gold and silver in a semi-turbulent but non-armageddon manner, or just have a new Dark Ages that comes with Weimar republic, wheelbarrow hyperinflation after they have to print to avoid deflationary collapse.
Of course, the conspiracy is, they might WANT a hard collapse to use as an excuse to usher in some new Jewish slave planation government model and one world currency they've cooked up. The Jews love to hawk this stuff off to useful idiot Goys in high positions of power pretending they're all on the same team of "high tier big powerful guys", when the team is really just Zionist jews vs everyone else. The goys in expensive suits are just disposable useful idiots who will be tossed out with the trash.
All of you moron branch bankers reading this need to turn on the Jews before they turn on you. When they took over Russia, the first thing they did was holocaust all the goys. They'll try to put anyone in a high position of power who isn't a member of team Zionist in front of a firing squad after the dollar implodes and you have world chaos, just like Russia all over again. And that's what will happen even if you willingly act as their useful idiot servant. Why do you think they're trying to start war with Russia? Because Russia was the last major victim of the Jews and they refuse to be scammed and murdered again.
I was with you up until the racism.
161.
Post 16138962 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.57h):
162.
Post 17064405 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.59h):
Keep on dreaming guys china will show u all what real manipulation is, back to 660 and staying there till some big news is coming out
I guess trolls never get tired of being wrong.
Thanks for giving everybody else someone to whom they can feel superior.
_________________________
I feel we won't see sub-$700 again until we've at least hit an ATH, and that sub-$700 would be short-lived like the last sub-$200 dips were.
That is a beautiful bear-troll =D
163.
Post 17217720 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.59h):
It seems fairly obvious to me that Adam's been locked out because he's a shameless big-blocker. I miss the days when there was more than one technology opinion allowed on this discussed forum :/
164.
Post 17220238 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.59h):
Well, that's an interesting example, but speaking only from my own experience with mods here I don't feel it's a place for open discussion any more, certainly compared to other bitcoin forums. This seems more like the volunteer division of the blockstream marketing department.
I'm not claiming this as conclusive, only that I've seen enough for me to disengage.
165.
Post 17226279 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.59h):
Yet, all of the anti-semitic hate speech is just fine.
Ha! Oh yes, exactly this =D
166.
Post 17261478 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_14.59h):
OK, if not now, when?
167.
Post 17271936 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.00h):
Ok, fine. I'm here. Now what?
Behold, the good times are back =D
168.
Post 17281778 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.00h):
Hi all. BitChick is here checking in. Have we all learned a little patience since 2013? Good things come to those that wait, so it is said.
Merry Christmas everyone!
Hey =D so much old school around at the moment, good times!
169.
Post 17330946 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.00h):
I bought 10 coins in November at approx 700. Is that a small amount compare to other ppl here? Maybe I should buy more?? This is my first post!
Welcome! I'd say that's in the middle on an exponential scale, or low on a linear one. That doesn't matter though. The main thing is to only invest a small part of your net worth, otherwise it will be a huge headache because bitcoin is so volatile.
One of the general rules around here is don't ask people how many bitcoins they have, because people with a lot don't want to reveal that in case that makes them a target for hacks, and the fact that there are a few people with those kinds of concerns means it's a field day for other people with no coins who want to sound mysterious and impressive (sad, eh?)
Enjoy the ride.
170.
Post 17389152 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.00h):
This is crazy guys, this rise is parabolic. Don't you think it need to come back down and floor out.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.
Parabolic is historically normal for bitcoin. I personally think we are still in a warm up stage, but who knows, right?
171.
Post 17392548 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.00h):
China's gonna go for lucky 8.
172.
Post 17399597 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.01h):
100 $ arbitrage, China vs US. too much
That's if you believe the official CNY/USD exchange rate, which no one does anyone. Bitcoin is getting a leg up from Chinese petite bourgeoisie using it as a way of avoid capital controls before China rapidly devalues. Thanks PBOC for the pump
173.
Post 17479079 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.02h):
People must stay calm and monitor events.
+1000
174.
Post 17486720 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.02h):
Stop pretending that the present technology couldn't handle large blocks.
Stop pretending you know what you're talking about. There are hundreds of independent developers busy writing and testing code and weighing and discussing all the possible options. Out of that complicated process it was determined that Segwit is our best option right now and that large blocks (>4MB) are too risky for the stability and decentralized nature of the network at this point. After Segwit is deployed it will also be safer to increase the blocksize as Segwit also solves the quadratic scaling of hashed data. Hard forking now to larger blocks without first activating Segwit and solving quadratic hash scaling is just stupid and you'll also never get consensus for that. So why don't you stop complaining about Core and actually look and try to understand what it is they're doing? The divide in the community is purely based on ignorance and conspiracy thinking.
In order to stay on topic I speculate that this discussion will be censored and it will have a positive impact on the price
175.
Post 17488084 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.02h):
The Indian government is also confiscating gold taxing holdings of black money, which is making bitcoin more and more popular in India. Any gold that hasn't been taxed gets confiscated taxed if their government can find it.
FTFY
By "black money" do you mean money tainted by contact with our evil banking overlords?
176.
Post 17488726 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.02h):
do you have 200 peers?
No. Less than half that.
do you feel its cool that some peers come online download 1440blocks do 1 TX and go offline for 10 days , is that what you mean by decentralization?
I don't mind in the slightest. This is why I run a node. I know some people want the advantages of a full node as their wallet but can't keep it up 24/7 because of the demanding requirements.
If a Bitcoiner wants to use a full node as his wallet, I think he should be able to do that with relative ease. But, no, that particular use case has little to do with decentralization. I've been over it before but I think the network should be robust enough to function assuming every government on the planet has banned Bitcoin outright and force the ISPs in their jurisdictions to block Bitcoin traffic entirely. Because, that's what will happen. Those in control don't want to lose control. Money is the most important thing they currently use to keep themselves in power. Inflation directly feeds the welfare/warfare state.
Once the decentralized global mesh network is up and running (which I think is going to be the most important technological advancement for the future of a free mankind), we can figure out how much data we can share over it and increase up near that barrier.
Bitcoin is, first and foremost, monetary freedom. All decisions should be made in that light and we should err on the side of caution every time.
All transactions do not need to be censorship proof in a world where censorship proof transactions exist.
Oh, this is fire like the old days, keep it up!
177.
Post 17888106 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.03h):
I'm not arrogant enough to think that I'm 100% correct and big blockers are 100% wrong. I always say that I simply prefer to err on the side of decentralization. It's obvious to me that increasing the traffic required to keep the network running does harm decentralization to some degree.
Just want to say it's great to see you active on here after a long break. All very reasonable, surprising in the block size debate
178.
Post 17948826 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.04h):
The question is: what will this silly graphic at bitcoinity be when the ATH breaks?
179.
Post 17948898 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.04h):
Those big fake sell walls just past the ATH are hilarious.
180.
Post 17949266 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.04h):
We're about to push through the ATH across all exchanges and Yahoo publishes this:
https://uk.finance.yahoo.com/news/the-biggest-bitcoin-crashes-in-the-last-10-years-120942554.html?soc_src=social-sh&soc_trk=twNot only is typical of financial media but what really irks me is this paragraph heading
"Bitcoin value is volatile"Note of course instead the volatility compared to upside risk. As written by Reggie Middleton regarding Credit Suisse bitcoin v oil analysis:
"
volatility is not the enemy. The enemy is downside risk. When you strip out upside movements, which is what we all really want, Bitcoin only has .15x more downside risk than oil. Wait! I'm not finished yet. Remember, we need to look at both sides of the risk/reward equation. When comparing the upside, BTC has 203x the average excess return of WTI crude oil. To be clear, .15x more downside risk, and 203x more upside."
But in the end, this ignorance and inability to present something honestly is the reason bitcoin flies under the radar and we are all a part of it.
Wow, that article is utter nonsense. A history of crashes between $1 and $1100 ...?
181.
Post 17955320 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.04h):
And so Bitfinex shorts begin to liquidate. What a warm glow
182.
Post 18036981 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.04h):
1238.8000....
tired of winning yet?
Kitco - GOLD
03/02/2017 08:28 1238.40 1239.40
Damn, we're right on gold parity...
183.
Post 18079830 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.04h):
Good morning ladies and gentlemen of Bitcoinland.
Nice.
184.
Post 18079859 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.04h):
Notice I don't spend too much time on here! LOL
Nice to have you around occasionally, we're not all bigots around here, you know
185.
Post 18106459 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.04h):
The idiots over at Kore ruined this rally.
Yeah, that's the real trust attack.
186.
Post 18109757 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.05h):
It's exactly the same rule that BATs asked the SEC to change to allow the COIN ETF
https://www.sec.gov/rules/sro/batsbzx/2016/34-78262.pdfso it might be the SEC approving COIN in the most understated way ever..?
187.
Post 18134067 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.05h):
Hot diggidy damn that's some bold words right there.
188.
Post 18164038 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.05h):
i'm feeling bearish again... ( selling coins will do that to you )
delusional bulls are done chasing their magical unicorn.
time for reality to set in, NO ETF == billions are not going to pour into bitcoin, NO ETF == No reason to hodl.
No reason to HODL, ha ha ha ha!
189.
Post 18164084 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.05h):
I think a factor in the high price is that people who thought it would be safer to wait until an ETF was available to get in because of institutional protection, their lack of tech knowledge, whatever, have realised they don't get that luxury and have starting buying directly. This is a bit of a silk road v2 situation IMO, everyone thought the value was due to X and then X vanishes and it retains the value = collect jaw drop and then FOMO.
190.
Post 18177251 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.05h):
if we break above 1250, I'm fairly certain we're going to go to 1300 pretty fast,
after that we'll probably be seeing a new ATH set weekly.
You changed your tune pretty fast.
191.
Post 18229556 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.06h):
man 900 EUR is confirmed by sauces. Look at the link that i have posted! Its confirmed.
mmm, tasty.
192.
Post 18229664 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.06h):
Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................
One could add 100GB to the BU blockchain, just by spending 1 BU coin.
This is not a reasonable game theory interpretation of what will happen. They will set the block size to yield the highest total fees, which would require the exclusion of very low fee transactions.
193.
Post 18229736 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.06h):
Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................
One could add 100GB to the BU blockchain, just by spending 1 BU coin.
This is not a reasonable game theory interpretation of what will happen. They will set the block size to yield the highest total fees, which would require the exclusion of very low fee transactions.
Yielding highest total fees requires inclusion of low fee transactions, not exclusion!
No, because you remove the competition for block inclusion. If every transaction gets included, no one needs to compete. So the most profitable choice is setting the fees low enough to increase transaction volume but high enough to still have block inclusion competition, which gives you a bell curve.
194.
Post 18229757 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.06h):
Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................
One could add 100GB to the BU blockchain, just by spending 1 BU coin.
This is not a reasonable game theory interpretation of what will happen. They will set the block size to yield the highest total fees, which would require the exclusion of very low fee transactions.
I can at least imagine a miner in distress because coin price fell and he has to pay the electrcity bill. Then, it's include all....
That is a possible scenario, but most people capable of getting the investment together to own a mining farm are probably fairly rational. It is also possible that governments print their own currency until they create hyperinflation, but it only happens rarely. I was only making a statement about what the emergent behaviour of rational actors would be.
195.
Post 18229801 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.06h):
Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................
One could add 100GB to the BU blockchain, just by spending 1 BU coin.
This is not a reasonable game theory interpretation of what will happen. They will set the block size to yield the highest total fees, which would require the exclusion of very low fee transactions.
So, we've had tons of "spam" on the network, I assume that "spam" will continue post BU (should that happen). I also imagine lots of new "spam" as an attack on BU.
Miners craft blocks to get the highest total fees, means they are accepting blocks of that size? What happens when a malicious miner crafts blocks of the same size but filled with their own transactions, thus not draining the mempool what-so-ever?
I'm not convinced that incentives will simply be mine-blocks-for-rewards if there is a fork. I think we will see all kinds of attacks on both networks (after this long of a stalemate and the bitterness we are seeing today, it would be naive to think otherwise) and I'm interested to see how BU with it's multiple variables (additional complexity) deals with such attacks. I fully expect them to eat themselves before long and hard code rules to prevent certain things from happening, basically ending up even more restrictive than a simple you-get-what-you-pay-for fee market.
Good question, I don't know the answer. I'm not interested enough in BU to fully understand all the implications of a chain based on that client. I agree there will be a lot of unreasonable violence following any fork, which is a shame. Mostly I am just keeping my head down to avoid the bitterness of the technical debate at the moment.
196.
Post 18229865 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.06h):
So, the most profitable choice for users (not miners) is to spam the BUcoin network with lowest possible fees as much as they can, for transactions they don't care about if excluded, to cause a very low bell curve so that "legit" transactions get included with relatively low fees?
Interesting. I suppose it depends upon whether the supply and demand function is an actual Gaussian curve, or something asymmetrical. Would the mining community drop the price of the first block inclusion fees in order to harvest more of the small fees? I don't know. I was generally trying to make a point that there are two competing forces at play in setting the block size in unlimited, rather than it tending to include all transactions.
197.
Post 18229884 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.06h):
No bitterness from and no practical interest here either. Just trying to understand BU.
That wasn't aimed at anyone in this discussion, I just meant in general at the moment
198.
Post 18229941 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.06h):
Is BTC dead???
Nah, it's just got a bit of a hubris hangover
199.
Post 18230265 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.06h):
In the hopes we can start an actual dialog and quit throwing insults at each other:
BU does not want a contentious fork. It is just a tool to allow larger blocks without requiring the blessing of self-appointed bitcoin priests. Miners will only utilize the tool when the market is ready to have larger blocks. They are not dumb enough to shoot themselves in the foot. There is no magic threshold that will trigger a hard fork.
If you actually want to understand BU and not just parrot the unfounded attacks on it, check out the BU subfourm on the forum where the idea was hatched back in 2015:
https://bitco.in/forum/forums/bitcoin-unlimited.15/Start threads, ask questions, find out what BU actually is. If you are right that is is bad, you'll be able to attack it much better once you understand it.
Yay rational debate!
200.
Post 18363749 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.07h):
I'll post here one last time just to give you guys warning. This is going to happen, I pretty much saw it already in my dream.
First of all, there will definitely be a fork. If I'm wrong and there is no fork, Bitcoin will lose the vast majority of its marketshare to better crypto, at that point BTC will be left in the dust, permanently, and nothing on this forum will even matter anymore.
But most likely, there will be a fork. During the ensuing chaos, and mass sell-off wars between the two sides, Bitcoin is going to drop into the double digits... this will be a great opportunity to pick up artificially incredibly cheap coins. Probably the last opportunity, ever. And the price will almost certainly shoot back upwards immediately afterwards once people realize they're a bunch of idiots, and either core or BU emerge victorious.
After the fork is done, and BU emerges the victor by killing off the minority chain, all the marketshare that has flowed into altcoins over the last 2 years will flood back into BTC like a tidal wave as people regain confidence and trust in bitcoin. BTC will shoot up like a rocket ship into the multiple thousands. Of course, this would have happened already had Core not stifled growth with the 1mb artificial blocksize limit.
So if you buy in the double digits then it goes into the multiple thousands, well, I think it goes without saying it's a great opportunity...
I'm 99% sure this is going to be how it plays out, I saw it in my dream, they do tend to come true - most of the time.
Make sure you get yourselves into position. This will be my last post here for a while, I am going to sit back and wait for events to develop. Adios.
You sound like a lunatic but may be force be with you. I will be ready should your crazy dream come true.
201.
Post 18424750 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.07h):
202.
Post 18836430 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.09h):
I'll take 2 for me too pls.
gentlemen, this is sandwich
That was so funny I had to log in for the first time in ages =D
203.
Post 18836468 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.09h):
massive correction is near, prepare your butts and orders
Yup, keep that bearish sentiment up, we need this momentum to last a little longer
Alternatively, 1000 coins to 2k, anyone?
204.
Post 18864302 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.09h):
I thought something was broken/weird on bitcoinity just now, but then I realised it was just that the ATH marker was missing :b
205.
Post 19058901 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.10h):
And finally Bitstamp joins the party and breaks out of the wedge.
206.
Post 19077643 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.10h):
Wow, I just noticed Kraken's little ATH a few hours ago. What's that about?
207.
Post 19077704 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.10h):
Wow, I just noticed Kraken's little ATH a few hours ago. What's that about?
THE EUROPEANS ARE COMING!!!
They are most welcome if they're happy to pay that much for bitcoins =)
208.
Post 19137596 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.10h):
Wow, such wall nom on bitstamp.
209.
Post 19137611 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.10h):
Bearstamp
There's only 59 bitcoins left in that bearwall, down from 350 or so. Not bearstamp for too much longer, I think.
210.
Post 19174251 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.10h):
When this bull run started to get meaningful, a few months back, i told myself i would sell all, if/when price reaches $2445........Hmmmm. Dont know now
Sell a few but not many is always a classic, I find.
211.
Post 19185102 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.10h):
JYP price is kray, highs today:
bitFlyer $3130
Kraken $2889
212.
Post 19189627 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.10h):
a gentlemen is in order.....
gentlemen...
This is.......
Confirmed.
213.
Post 19189663 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.10h):
WTF is going on? I am pretty happy but a bit scared. I hope there won´t be a huge dump soon.
It's pretty inevitable that there will be a huge dump soon, but which side of $3000 will it be is the question?
214.
Post 19190334 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.10h):
WTF is going on? I am pretty happy but a bit scared. I hope there won´t be a huge dump soon.
It's pretty inevitable that there will be a huge dump soon, but which side of $3000 will it be is the question?
Yup
And I feel like I've really opened my short too soon :/
The worst possible scenario would be huge rise to 3500$, making me liquiditing all my positions, then a sudden fallback to 2000$, making me losing all my benefits in capitalization xD
That would not be cool at all.
Just hoping for the dump to happen soon, the sooner the better. Don't want another panick day followed by a flat pathetic 2 years :/
That's funny, your worst case scenario is my best case scenario =D
Be careful out there, leverage + crypto is crazy town.
215.
Post 19255306 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.11h):
Does anybody else keep getting posts deleted in this thread, some that were made months ago? Some kill joy is deleting all the rocket, moon, raining money gifs & pics I've made over time
But.. what? We've always been at war with East Asia!
216.
Post 19255317 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.11h):
I also had my birthday message to Adam deleted! It was a nice message.
There are free forums out there, you know.
217.
Post 19255351 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.11h):
Wow, such TA. We break out of the downward channel to transition to a wedge which we need to break out of in a few hours, ooooh.
218.
Post 19289712 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.11h):
Any way to arb this?
Bitcoin price implied by $GBTC price is $4,588.
If it's contracted like a regular commodity ETF, they're supposed to match the fund share value to the value of 0.1BTC, in this case they should issue more shares until the price is closer to the target, and then use that extra money to buy bitcoins to match the required holdings. If you can find a way of borrowing someone else's shares, sell them, buy actual bitcoins, wait for them to rebalance the fund and then sell the bitcoins to buy back the shares for half the price > 100% profit minus the borrowing cost. Could work. Could be a disaster :/
This is just chit chat, not advice, you know
219.
Post 19414674 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.12h):
Technically, we're only marginally above the 2013 price if you adjust for inflation . In 2013 I wanted to buy a house costing £430,000.
Now in 2017, the house is back on the market for £760,000.
Yeah, official inflation numbers are hilarious.
220.
Post 19513421 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.12h):
Great link, thanks. Pity is it sums up some of the reasons I had for not holding ETH post DAO, but reason seems to be on holiday in this market at the moment :/
221.
Post 19574332 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.12h):
Hold or sell now? Was holding for 5 years but I feel we´ll go down and won´t see 2k for a long time? Just a feeling... I had it in my balls when the price was 2,9K I was so pumped to sell. I knew it will drop... Damn always the same mistake...
If you've been holding for 5 years you probably need to diversify a little. Now is still a good time, we're up 200% in the last 6 months
222.
Post 19624003 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.12h):
As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.
Adam got deleted a long time ago.
223.
Post 19810828 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.13h):
Ok, could someone help me please.
With regards to byteball and whatever else......
I hold a reasonable amount of btc. Not as much as some of the people here but enough to be pretty pissed off if anything happened to them.
I store all on paper wallets (plural)
How would I get my free shit coins?
Proving numerous paper wallets and moving it all around is not what I want to be doing as I was panicking just setting all that up in the first place!!
I'm guessing the answer will be. Well Rjclarke2000 if you don't move it you don't get free shit coins.....
I am open to ideas from people more intelligent than myself.
This is btc related mr Admin Mod as I want more btc.
You would need to use an isolated secure PC, introduce the private keys and generate the signatures that prove you control them. Then copy all the signatures to a flash memory and copy them to your internet connected PC, then do the claim process from it.
Maybe not worth it... it depends on how many BTC you have for each paperwallet.
All that problems would be solved by one or several hardware wallets. The weakness of paperwallets is that any time you need to use them you are exposing the private key to a PC. People doesn't realise that even if they don't regularly "use them" they will have to do it some day in order to claim its BTC.
Ok thanks guys. I may be making a big mistake but I think as I am too worried about moving them about (which I have actually done in the past) I will not bother. I will keep the paper wallets safe and secure and just stay how I am. Some may say I am crazy but some wallets hold more than others and if anything should happen I would be more than upset/ pissed off. I'd probably go on some sort of rampage.
Maybe I'll just keep doing what I am doing and miss the boat this time.
Thanks for the advice but I am not as technical as most here. (More than the average person but not more than some regulars here)
Good call, don't mess with your private keys. Leave them sleeping and happy
224.
Post 20202875 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.14h):
What IS that big Bitstamp wall up to..?
225.
Post 20366640 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.15h):
I legitimately get myself upset everytime i come here and debate this. its not healthy. i have to stay away....
Keep it up! I'm surprised anyone has the energy any more
226.
Post 20371099 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.15h):
Well the BCC guys want the price of BTC to drop this week and hopefully get a rise on BCC futures in order to get a bit of momentum going. I hope they get burnt bad
Some of them will take a while to run out of BTC. There may be a bargain sale coming up!
227.
Post 20479033 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.15h):
and a coin with 1mb blocks forever has economic viability?
Great economic viability for the companies that force you to use their second layer technology instead.
228.
Post 20498590 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.15h):
But the arrogant attitude conveyed is rather noisome.
No its not, ur just not paying attention enough!
Are you a 14 year old boy?
229.
Post 20504829 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.15h):
Can the very off topic discussions stop, and go off to some other thread? Less economic policy arguments and more Bitcoin price movement tracking & discussion, for which this thread is for.
^^^this.
230.
Post 20507511 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.15h):
Yes. It is a well-known attribute of SegWit.
It is a well-known stupidity of people claiming this.
Well, you can pretend that an 'anyone can spend' transaction is something other than an 'anyone can spend' transaction. But of course that would be tautologically impossible.
Well if you knew ANYTHING you'd know that seqwit has protection against tautologies
231.
Post 20615454 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.16h):
So we were advised to remove our coins from exchange during the bcc shit show.
Now it turns out had you not followed that advice and done opposite you'd have
made out like a bandit.
People in the know did just that. ie., loaded up their exchange accounts
with BTC prior to HF and now laughing all the way to the bank....
They made a factor of two. Meh.
232.
Post 20627458 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.16h):
So we were advised to remove our coins from exchange during the bcc shit show.
Now it turns out had you not followed that advice and done opposite you'd have
made out like a bandit.
People in the know did just that. ie., loaded up their exchange accounts
with BTC prior to HF and now laughing all the way to the bank....
They made a factor of two. Meh.
I can't tell if that's sour grapes or sarcasm...
Oh, mainly I was saying a factor of two isn't very much. But there was also a little bit of "why didn't I think of that?" in there too, I suppose. I think it's fair that they get rewarded for taking the huge risk of trusting exchange keys during a hard fork.
233.
Post 20673417 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.16h):
Or half of Satoshi is dead, at least.
234.
Post 20681205 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.16h):
by the by the bitcoin cash alt that 'shall not be mentioned' is up 10% wtf?
(so confused...the longer I'm in crypto .the more stuff to become 'clueless' about......can't keep up)
Some people just aren't that into SegWit, it seems.
235.
Post 20687321 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.16h):
Terrifying genocidal shit.
Please stop.
236.
Post 20687821 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.16h):
Terrifying genocidal shit.
Please stop.
I like to think of it as the purgatory you have to go through in return for the profits that can be made here.
That is exactly how it feels.
237.
Post 20700825 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.16h):
Wow, so many high IQ people on this thread that want to prolifically opine on what IQ is or how it does/doesn't have value.
But not one with the insight to have any clue where this Bitcoin market is going, or why.
True intelligence should be able to identify that some things are unknowable.
238.
Post 20705536 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.16h):
What are you guys feeding the bitcoin price?
It's so big.
Trillions of dollars of central bank money printing.
239.
Post 20753849 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.17h):
Seriously guys, WTF is a NEO ?
NEO is THE ONE
240.
Post 20788137 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.17h):
This all seems a bit strange. My original target when we started raising over 1200 was 3500 but now were here I am not really feeling like selling.
Am I being greedy?
Have I just readjusted based on where we are?
Decisions, decisions
It's a good price, but the walls look hungry and lots of greedy noises from the financial establishment, so I understand how you're feeling.
241.
Post 20804173 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.17h):
Just use the Dotto indicator. One rocket in the thread means nothing. If you see one rocket plus one train in the same page it begins to smell bad. But if to the rocket and the train, you see the Salma Hayek boobs, then, you are fucked.
One train and 2 salma hayeks (four boobs in total) is the signal to inmediatly short
Such wisdom!
242.
Post 20880534 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.17h):
Most of us are regretting, life is too short and money isn't life so knock that shit off.
Word.
243.
Post 20880604 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.17h):
Then post somewhere else and link it here, it's a big internet. I am holding both forks.
244.
Post 20888071 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.17h):
hard to say, we bumped that major fib...if it breaks down out of this channel on volume the shorts will pile in and who knows
Hmm, there is still fear in this thread. Bullish!
245.
Post 20909721 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.17h):
I'm not saying bitcoin can only go up from here, but we will enjoy laughing at Adam Hartung some day. He obviously has no idea how bitcoin works, and hasn't bothered to talk to anyone who does.
246.
Post 21278277 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.19h):
I tirelessly spend time blocking every racist news source on Facebook only to come to a Bitcoin forum to hear more discussion of race.
Get over it. It is meant to divide you and you are falling for it.
Now I will have to tirelessly ignore people on here to the point where it will be like the beartroll days where my wall will be filled with ignore posts.
Totally agree, pls take the anti-jew, racist crap somewhere else, I come here to read about Bitcoin and the occasional bit of BS. I can tolerate a little, but not when it becomes continuous.
Me too, please stop all this racist shit. I support free speech but can someone make a racism thread so that all the racists can just hang out there and be racist somewhere else?
247.
Post 21311798 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.19h):
Hey everyone, stop selling for a minute, the ATH needs to stretch it's legs again.
248.
Post 21459647 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.19h):
Thoughts?
249.
Post 21460146 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.19h):
Thoughts?
I want to see a test of the lower line, I put it at about 4200 ATM
That would be a better foundation, but if we follow the recent steeper channel and break through the long term channel top, that may become a new support. We're going to know which way it's going in a few days, I suspect.
250.
Post 21464301 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.19h):
Thanks for the feedback, guys. see you on the other side of the wedge!
251.
Post 21495718 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.19h):
"buy when there's blood in the streets"
This isn't blood in the streets, this is the knife entering the skin in slow motion, the bleeding has hardly even begun.
You are a bear poet, sir.
252.
Post 21496244 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.19h):
"buy when there's blood in the streets"
This isn't blood in the streets, this is the knife entering the skin in slow motion, the bleeding has hardly even begun.
You are a bear poet, sir.
This was not a very pleasant start of the day. Not even coffee will help. Let's monitor the situation closely and let's not panic.
I see $4286.7 on bearstamp as a bottom but I don't know if it will hold
This has been a possibility for a few days. The walls and volume look pretty healthy, though, I think this may just be a slightly bumpy bear trap bear trap. That said, if the whole ICO things goes under, it's pulling us down with it, for a while at least.
253.
Post 21496352 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.19h):
...
I want to see a test of the lower line, I put it at about 4200 ATM
...
gotta test 4250 first
on fire
It's either black magic or just logarithmic channel charts :b
254.
Post 21528608 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.20h):
satoshi's (who is dead by the way)
Evidence?
He has none. But I suspect half of satoshi is dead.
255.
Post 21531458 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.20h):
satoshi's (who is dead by the way)
Evidence?
He has none. But I suspect half of satoshi is dead.
f ?
Spiderbrain is probably referring to Dave Kleiman, who may have been one of the group of people who collectively invented Bitcoin and blockchain and identified themselves collectively as Satoshi Nalamoto
Yup, I think the timing of Satoshi disappearing and Kleiman's health is an interest coincidence, but I don't think Satoshi is one person. CSW seems to have established himself as a bullshitter but I don't think that's mutually exclusive with being part of the Satoshi club. But who the fuck knows, right?
256.
Post 21531695 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.20h):
Ah... I was wondering if he was referring to Hal Finney ^
There are many guesses....
Yeah, and that guy. I think the odds are stacking up for Satoshi being half dead. Now all we need is CSW to fake his
own death and really get the party started
257.
Post 21553499 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.20h):
I like it
258.
Post 21779155 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.20h):
We can bounce off $2800 and still be in a long term bullish exponential channel. ¯\_(ツ)_/¯
259.
Post 21824826 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.20h):
The correction is looking bootiful on the 1-Week chart.
Yeah, I agree, we're getting comfy in a long term exponential channel, and as long as we stay above around 2800 then we have a great year to look forward to.
260.
Post 21994970 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.21h):
Ergh, W3C goes darkside, that's depressing.
261.
Post 22123619 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.21h):
This artwork depicts the spirit of Satoshi Nakamoto riding his epic honey badger mount. With no fucks left to give, they hurdle over the moon carrying trophies of the world's vanquished fiat currencies.
https://www.reddit.com/user/crayon_smellThat is just lovely!
262.
Post 22188138 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.22h):
I would still like to see a real test of the medium term log support line in this short term bear before I am happy to call it over. The low spike on the 14th was ~$270 shy of a real test. Of course, that line is rising all the time, I currently put it around $2870, crossing our current downtrend on or about Oct 11.
It's at an interesting point. I think we only have a couple more days to know where this wedge is going, but I'm guessing from the walls maybe up.
If down they we get to try and pull the backup parachute in early october and you get your second test, which by that point will conveniently look like a double bottom =)
263.
Post 22199233 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.22h):
Big Picture Elliot Wave Analysis:
Bitcoin going back to $200 in next great correction prior to reaching the $20k range. He counts the waves differently and gets the same pattern each time.
I would be very surprised if bitcoin ever went below $1k again, there would be a lot of people buying at that level, myself included.
264.
Post 22199754 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.22h):
I would be very surprised if bitcoin ever went below $1k again, there would be a lot of people buying at that level, myself included.
Retraces always surprise people. Unfortunately it doesn't prevent them from occurring.
Well, let me rephrase and say, I would be pleasantly surprised. People over use the term "cheap coins", but $200 bitcoins would be quite nostalgic!
265.
Post 22752378 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.22h):
Hey you guys, lay off jbreher. I disagree with him, but he is polite and well reasoned...if wrong.
This thread does not have to be a total echo chamber.
Besides, he's probably kinda sad right now.
Indeed, politeness and reason are such rarities around here.
266.
Post 22900692 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.23h):
Wow, there's only 1,700 bitcoins for sale on stamp, and you get to buy the last one for $50k =O
Ha, just as I typed that, someone added 32 coins for sale at $500k. Cute.
267.
Post 23432465 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.24h):
Just thought I'd tell you this one. I'm sure you all have similar stories.
<snip>
Yes, I've heard this, now they listen, after missing out on 10/100/1000x. It's good when people are big enough to admit that they were wrong about something, but this sounds like a classic "top" conversation to me. Tell him to get in just as people are despairing after the next crash, between 1-2k, and wait 4 years for the next halving. It's hard to tell how much money there is to make at the moment, it might crash from here, or from 20k, we'll know in a few weeks ,probably. Bitcoin often reminds me of the princess bride
“Good night, Westley. Good work. Sleep well. I'll most likely kill you in the morning.”
268.
Post 23614268 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.24h):
[...]
People would do well to study up on the French revolution and where concepts like liberalism, nationalism, the right/left divide and eventually communism were born. The way we are throwing these terms around these days, decoupled from all original etymology, is just embarrassing and a massive hindrance to debate.
[...]
r/K is the new alpha/beta. A way for insecure men to justify feeling superior based on some pseudo-scientific misappropriated concept. Every single sucker using it is describing himself as a K and calling for the regulation (or worse) of the inferior r-people. Oh I wonder where I heard such talk before and how it all turned out.
Thank you for being so very well reasoned, it's a nice change from the usual frothing.
269.
Post 23917577 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.25h):
270.
Post 23918240 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.25h):
Very nice. I was going to save that for $10k.
271.
Post 23918369 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.25h):
The question should have been:
How Many Lambos COULD You Buy Now if you wanted to?
The answer might be surprising.
No, it's only how many you actually buy that counts. Lambo's should be a small part of every diversified portfolio.
272.
Post 24311824 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.26h):
As someone who bought their first Bitcoin in 2012 for $20,
Indeed, I can't help but laugh at all the thousands of newcomers who just read r/bitcoin and suddenly think they are scaling experts. That Bitcoin should be able to run a node on every Raspberry Pi in Afghanistan. Yada yada yada. This is psychologically manipulated groupthink. Let's face it - many of the people getting into Bitcoin today are "newbies" who weren't very smart or educated in the first place. But they all like to act like they are, ESPECIALLY when it comes to their opinions on the Blocksize debate - an opinion that was only formed through reddit. Oh boy do they love repeating those opinions, and screaming down anyone who disagrees, like a bunch of drunken fratboys who think they are about to lose their virginity. Only a very small minority are capable of using logic or reason.
It's both amusing and kind of sickening to watch happen.
Anyway, now that the dust has settled and the "1mb forever" crowd has won, Legacy Bitcoin will likely never scale in any meaningful kind of way - Meaning Legacy BTC will never be anything more than a speculator's toy to get rich, a gateway to altcoins and FIAT and a settlement layer.
However, I still fully expect the combined speculator and institutional investor money to take Legacy Bitcoin to 50 - 100K and beyond. However, it will become impossible to move coin at some point on the main chain , with $100+ fees, making a very large percentage of BTC wallets unspendable. At that point, the vast majority of Crypto users and commerce will have already moved to either Bitcoin Cash, Monero or Ethereum. In the long long run, 5+ years, I fully expect either Bitcoin Cash, Monero or Ethereum to become the #1 coin with the highest market cap. It's inevitable now that Bitcoin will never scale - and let's be honest, Lightning Network will either never exist or will never deliver as promised --- which means BTC is going to be stuck where it is now from the scaling perspective, with only a few band-aids thrown on top, likely forever -- unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.
Pretty much how I see things, too. what was the original bitcoin project is now scattered to the wind, not that segwit2x was any better. The actual process of getting people onto the payment network and putting a little cash into a decentralised value system is now on hold until the people who object to the fintech takeover of bitcoin can agree on which of the myriad other options to have as a new common standard. This may take ages. I personally have stopped introducing people to bitcoin and getting them to try it out because it no longer works very well, and core's plan is to never improve the situation. Not to mention that the ASIC arms race is turning into an environmental disaster.
273.
Post 24312117 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.26h):
I'm just telling the truth, the only hostile takeover attempt was Blockstream and it was a success, indeed a major success for the Banking cartels.
I also see the centralisation of ASIC mining as a form of takeover, so I'm not that much of a BCH fan, either, but at least they have an intention of on chain scaling.
274.
Post 24312254 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.26h):
275.
Post 25406188 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.29h):
Here's to Notlambchop, Fonzie, Kwukduck, and lest we forget, Proudhon.
Proundhon is no doubt exceedingly rich by this point!
276.
Post 25407070 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.29h):
Whoever's got that wall on stamp trying to make $2m, do yourself a favour, drop it and come back at $20k, thanks.
277.
Post 25407199 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.29h):
Whoever's got that wall on stamp trying to make $2m, do yourself a favour, drop it and come back at $20k, thanks.
100 coins is not a wall. 10,000 coins is a wall
Fair point. 10,000 coin walls don't come as cheap as they used to, though!
278.
Post 25407247 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.29h):
Whoever's got that wall on stamp trying to make $2m, do yourself a favour, drop it and come back at $20k, thanks.
Someone's taken a 40 bitcoin chunk out of it. It's down to 160 coins now. That wall can't hold up much longer.
I feel like that comment may have been a partial success!
279.
Post 25407732 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.29h):
This is exactly what I was expecting to happen right before the whole thing unwinds and crashes to zero. The signals are all there. Get out while you still can.
You're right, there's only 1000 coins to $20k on stamp, it could crash upwards dangerously!
280.
Post 25413486 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.29h):
Liquidity is drying up, prices are swinging around all over the place. Step right up and buy a ticket to crazy town! I reckon we've only got a few more weeks of this before goes critical. But we could be at $20k by then :/
281.
Post 25425343 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.29h):
been saving this one for a long time guys, I think it is time
Evolution Control Comittee, the fucking moon
https://www.youtube.com/watch?v=TkmmyXb9Svw"holy, living, fuck...are you fucking believing this? over"
"we, read you...over"
perfect!
282.
Post 25454449 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.29h):
good news guys!
I have confirmed sources that we are going back up stronger than ever
Mmmmm, no. I have confirmed that your sources are not confirmed sources.
I can confirm both these sauces.
283.
Post 25886933 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.31h):
the top is in
The TOP top, or just this top?
284.
Post 26073636 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.32h):
Oh, you got me all nostalgic!
285.
Post 26403672 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.32h):
So you are other of those who think that Satoshi was wrong? and that its system does not serve the purposes for which I believe it? And that you, like so many others, are the enlightened ones who came to save us from the stupid Satoshi and his faulty system, telling us what really works?
Satoshi never designed bitcoin for micropayments. He knew sending .01 btc wasn't part of the plan.
Is it necessary to quote the title of White Paper? Can you offer a reference in which Satoshi affirms what you say? I do not think that 10 dollars will be included in the catagory of micro payment. LN will be useful for real micro payments, cents or even less.
Relax guys, Satoshi's vision is alive and well, it's just called bitcoin cash now. All we have is a financial services company stealing the name "bitcoin" via some clever open source politics and internet censorship
I personally still love SegwitCoin™ because it is worth heaps, but it has f3ck all to do with bitcoin any more, apart from the name.
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Post 26404278 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.32h):
Relax guys, Satoshi's vision is alive and well, it's just called bitcoin cash now.
<racist_sh1t/>
Hello. Please stop being super racist. That is all.
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Post 26697573 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.34h):
A $7500.00 USD transaction, and you're gonna call it spam? Aye carumba!
Never transact on the blockchain! Don't you know that anyone who actually attempts to use bitcoin as a payment network is a bcash shill?
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Post 26969537 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.35h):
So basically a stegosaurus? I can't argue with your logic. Or your crayons.
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Post 27003751 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.35h):
I have always presumed jbreher is probably at least in the 4 digits BTC, maybe even in the (low) 5's.... Which is why I have always tried to understand why he decided to go the "wrong way" (Jihan/Ver) with so much at stake
I haven't worked out estimates of jbreher's (or anyone else's) stash, but the man strikes me as a rational thinker with much at stake since a long time. So I also tried to understand the reasons for his choice, and I asked him explicitly. Unfortunately, his explanations with regard to bigblockery/Verism etc. always came short. Disappointing underperformance for a good poster, accurate checker of facts, numerical literate such as he is.
What more reason do you need other than the fact that the current blocksize limitation is destroying the user experience thereby constraining adoption?
You seem to like BCH a lot, which IMO is not a rational strategy. This dissonance is unresolved as yet. A few reasons:
- BCH doesn't fix transaction malleabilty, ruling out L2 solutions which are
the scaling solution in the medium (possibly long) term.
- BCH is controlled by a cartel. Their coders are clueless. The cartel is likely under the heavy hand of PBOC. They use guerrilla tactics (esp. transaction spam) to gain control.
- Big blocks will stifle adoption. Yes, that's the old "Raspberry pi in rural Afghanistan" argument. Even I, not in rural Afghanistan, would stop my own homespun node (not a pi though) if pressed by bandwidth and storage limits. "Be your own bank" implies the ability to
run your own full verifying node.- More adoption will come when we have a scalable system. Big blocks aren't scalable.
You know all these things already. You are too intelligent not to see the logical implications. So, my fuzzy inference is: you have other reasons. Not saying you are necessarily a paid shill, although it can't be ruled out. The "more reason" I was (and am) asking of you is an effective, documented rebuttal of my points or some subjective reason that goes beyond "I like big big big! Blocks big, me happy!" Something like "I was bitten by a small block when I was a child, try to understand my shock" would be a little better, but as you understand, still not quite satisfactory.
I'm sorry, rational debate about the block size issue is not acceptable in this thread. You may only engage in name calling and badly recycled dogma.
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Post 27013988 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.35h):
Blimey!
And I'm not even particularly into bcash. I guess to chat here you just sing the bitcoin anthem huh?
Yay bitcoin.
I suppose now is a bad time to mention that this thread was started by a big blocker who got blocked because he suggested big blocks were better? Now it's just the volunteer division of the blockstream marketing department.
Back to the wall observing, we seem to be shaping up nicely for a "return to normal"
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Post 27014007 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.35h):
Let's get to 20,000 pages only using the word 'fuck'.
Fuck yes.
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Post 27014058 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_15.35h):
Let's get to 20,000 pages only using the word 'fuck'.
YES AND USE A LARGE FUCKING FONT
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Post 50181013 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_16.37h):
</racist shit>
Saying all muslims deserve to be killed because they have a few murderous psychos is like saying all white people deserve to be killed because we have a few murderous psychos. All the psychos deserve each other and I wish they would be considerate enough to only murder each other.
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Post 50181049 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_16.37h):
If we can hold this, we have broken the back of the bear market.
you heard it here folks
12 month downtrend already broke today IMO.
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Post 50181091 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_16.37h):
</hyperbolic nonsense>
You, good sir or madam, are a liar. I never said any such thing.
Forgive me for misinterpreting, that was my understanding of your prose. Such nested quote wars are hard to follow.
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Post 50181260 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_16.37h):
</hyperbolic nonsense>
You, good sir or madam, are a liar. I never said any such thing.
Forgive me for misinterpreting, that was my understanding of your prose. Such nested quote wars are hard to follow.
There has never been peace between muslim and christian nations. There has merely been an inability for them to attack us for a handful of decades.
As has been noted, christianity is the only all-inclusive abrahamic religion. This makes it the best of them all by
leftist ideals. They should be embracing it and shunning the suicide bomber, not condemning those who fight on their behalf.
OK, more specifically relating to this quote, my side is the side that doesn't try and solve problems by killing people. This includes various atheists, christians, muslims and what have you. The other side tries to solves problems with violence, which includes: the US government, ISIS, and some evil bastard in Christchurch. We don't see the sides the same way, it seems. I just wish the people who used violence would only target other people who subscribe to this form of conflict resolution, because usually they kill a whole bunch of other people because they dress the same, live nearby, have the same religion etc. It's a great recruitment method for making more people join their side, the side which likes violence. But it ends with a whole bunch of nukes and no people, so it's not my thing.
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Post 51004586 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_16.45h):
But why would they go and buy from an exchange?
Something is cooking, for sure... but donno what.
Instant and guaranteed coins 24/7?
OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums.
Yes but.... I would think institutional investors would go directly to the big hodlers (10.000-100.000BTC) to buy directly from them.... Not go and buy from exchanges in the middle of a fucking weekend to crazily pump the price.
Maybe the big holders don’t want to sell
Big holders made plenty at the last peak, unless they are idiots. This is rising too fast, though, I doubt it will last. Maybe a cup and handle after a bounce off $20k?
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Post 51005037 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_16.45h):
Do time and day of this bull run tell us anything about the most likely immediate cause?
It looks like the price has been drifting up slowing until it hit 6k, which then moved into a feedback loop of short position liquidation and day trader FOMO. At some point all the short sellers will be dead and then the FOMO will flip.
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Post 51005189 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_16.45h):
Still waiting SEC -
16 mayVanEck SolidX Bitcoin Trust -
21 mayThis might be your news Lambie
(thanks Roman!)
They usually announce the delay for these ETFs a few days early.
SEC insiders buying to dump tomorrow night...?
So VanEck SolidX gets approval Monday
20K by July 4th if so.
This action is v. powerful so likely some news in market yes. Well-timed news no less with the golden crosses and other technical breakpoints being well-primed for uppity action. But news has to be big to cause this, like what?
I'm suspicious rep. Sherman's bill is some kind of shot across the bow based on insider knowledge of some big news that bad for USD and good for crypto also. A medium to major cental bank is buying btc, Iran? BAKKT is coming on line next week? Fidelity news is big but not this big. JPMorgan annoucing btc trading desk?
I think the US-China trade war intensifying last week is a factor. The affects RMB devaluation and trillions in Chinese hot money trying to find ways out of the country.
300.
Post 51005304 (copy this link) (by spiderbrain) (scraped on 2020-04-04_Sat_16.45h):
Do time and day of this bull run tell us anything about the most likely immediate cause?
It looks like the price has been drifting up slowing until it hit 6k, which then moved into a feedback loop of short position liquidation and day trader FOMO. At some point all the short sellers will be dead and then the FOMO will flip.
I was thinking that a possible leak leading to market turmoil is more likely at certain times of day than others, depending on the source. And the weekend is a strange choice of day. So my post was intended to trigger some interesting backstage theory or tinfoil conspirationology.
Oh sorry, I was engaged in my usual counter-intelligence channel stuffing. I confess, it was the lizard people. All the details here
https://www.youtube.com/watch?v=QihkWmS7dTI
