All posts made by inca in Bitcointalk.org's Wall Observer thread
1.
Post 3833869 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.32h):
Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.
2.
Post 3834018 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.32h):
I've read it, this is not bullish, you cant see your nose because your big dumb horns are in the way. Dude seriously stop talking shit and realize that bitcoin just had a massive blow to one of its largest client bases.
[/quote]
Preventing financial institutions from using bitcoin is a hit. But you are a perpetual bear!
3.
Post 3834642 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.32h):
This is just getting started guys, stop suffering from myopia.
When I step back, by 20/20 vision sees triangles forming. Are you suggesting that they should see the price dropping further?
I think as a permabear he is hinting the selling is not over (the price is > 0)
4.
Post 3835268 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.32h):
Someone seems to have bought the price back up over 1000.
5.
Post 4273323 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.49h):
Ok guise I just bought 1.81 BitCoin, expect a crash here momentarily!
Yep bought second tranche of btc today! crash mode imminent!
6.
Post 4377045 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.53h):
My bet is insider trading on the arrest of a manipulator in China. The real dumping hasn't even begun.
The cringingly obvious attempts to spread FUD from the perma bears on this thread is awful. Please sell so Walsoraj can buy back at a lower level!
So the price has gone back to where it was 48 hours ago. Big deal? After such an uptick it was obvious prices would correct down again.
Reading this thread is like watching a manic depressive who forgot to take their tablets!
7.
Post 4413114 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.53h):
the US dollar will crash and burn this year without any help from bitcoin.
I don't think it is helpful to think in such terms as the US dollar will fail, bitcoin/gold will win. End of the world scenarios don't happen often and are not a great investment strategy IMO.
At this stage I think getting btc more widely used for internet payments, increasing the market cap gradually to eventually allow big firms to actually use it for transactions is far more important. Slowly slowly catchee monkey!
8.
Post 4413230 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.53h):
Watching mt gox via bitcoinwisdom. Gentle constant selling down near $900 dollars..Bot firing off sells every few seconds..Some buying would be nice!
9.
Post 4413929 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.53h):
I don't think it is helpful to think in such terms as the US dollar will fail, bitcoin/gold will win. End of the world scenarios don't happen often and are not a great investment strategy IMO.
no they don't happen often but if you look beyond the mainstream media you'll know it's on its way.. actually it's long overdue, only the QE, low interest rates and market manipulation is keeping the economy going now, they may try keep it propped up for a while longer but it's not entirely in their hands, foreign held reserves being offloaded may trigger collapse at any time.
I suspect most the world will be looted through privatisation, bail ins etc before we switch to a new world reserve though, really we should just say this fiat ponzi scam ends here, the debt is cancelled, bankers go to jail but unfortunately our governments are pretty much owned by banks and corporations so that aint happening without a revolution.
The status quo is a powerful thing. World wide central banks have come out with near unanimous warnings against bitcoin in the last few weeks. They are a club, they are controlled by the private banks who own their respective governments. I think bitcoin is so revolutionary that it is a race of internet user adoption as a payment method and store of value vs a systematic attempt to marginalise it by government, banks and the mainstream media. Youth of the world will decide the fate of cryptocurrency - and very quickly I think.
Price dropping on gox. Time to walk away from the computer for a few days.
10.
Post 4786406 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.59h):
Money controls the world. Banks control the money. News/media is controlled by the banks aka money. Banks hate bitcoin and will use this fud to their advantage, which this time, wont be hard. Your average bitcoin owner/investor does not understand cryptography/ complex mathematics or block chains or any of the technical aspects, most haven never even read satoshis work. My point is people invest based on trusted members of the bitcoin community advice. The entire bitcoin committee rite now looks no better then the thugs who run wall st, thanks to this Sherm. It sucks. But people have a drug addicted bar tender running what used to be a very trusted bit instant. People thoughts are going to wonder as to what the rest of the owners of bitcoin related website have their hands in. Such as GOX, who can denie that GOX is a ticking time bomb
What long term impact is the arrest of this fellow really going to have, except in a positive way? Bitinstant was a defunct exchange. Like the closure of silk road anything that cleans out the fraudulent behaviour in bitcoin should to be welcomed by the community. It doesn't necessarily signify a change in regulatory approach by the US.
11.
Post 4786727 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.59h):
is this the end of bitcoin??
Yes
12.
Post 4787144 (copy this link) (by inca) (scraped on 2020-04-04_Sat_11.59h):
No-one in the bitcoin 'community' elected the Bitcoin Foundation.
The Bitcoin Foundation represents nobody but the Bitcoin Foundation.
I can believe that; I had sensed that much from some postings in this thread.
But will the world get that? Who is going to tell them so?
If the Bitcoin Foundation is not representative of the "Bitcoin community", who is?
How will a honest member of the "Bitcoin community" convince investors and government officials that he is not / will not become "another Charlie Shrem"?
Bad press when the market is jittery = manipulator sell of with aim of buying back in at a lower price. Nothing more to see here.
13.
Post 4787318 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.00h):
I think we will see sub 700$... My buy order is at 705$ (stamp).
I bought today before Shremgate. I will buy again if this exaggerated reaction continues. I wouldn't be surprised if stamp and btc-e bounce back up towards huobi.
14.
Post 5052485 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.05h):
Yep bitcoin market isnt ready for the mainstream. 2014 is going nowhere now. Not many more sellers to dump.
15.
Post 5052585 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.05h):
Fuckit time to buy! Gox fuck you cunts.
16.
Post 5052618 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.05h):
Not sure why you are all cheering, that is mainstream adoption set back another 12-24 months at least.
17.
Post 5052869 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.05h):
Stompix: Bitcoin going forward is about mainstream adoption. Some cunt running an exchange like this and crashing the whole market for personal profit is simply going to keep new faces firmly out of bitcoin. Why bother dipping one's toe into bitcoin when the price fluctuates so wildly? Congrats to those with orders set at 100$ - and those few people who sold out to buy again lower. But it all comes at the expense long term of success for the currency.
18.
Post 5143443 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.09h):
777 coins left for sale on huobi hmm
19.
Post 5143485 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.09h):
777 coins left for sale on huobi hmm
Where did you get that?
from bitcoinwisdom 5 mins ago. just the visible order book.
20.
Post 5143545 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.09h):
good possibility of a small pull back here.
place your bids
psychology of round numbers usually works. but bottoms are apparent after they happen generally
21.
Post 5143637 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.09h):
<700 left on huobi
22.
Post 5151716 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.09h):
if anyone told you last year that early 2014 we would be up at these prices would you have believed them? We are doing fantastically, there is too much depression around here.
As a lurker who bought in mainly in march/april 2013 i concur! My recent buy around 750 seems a little silly now. But hopefully the price will hover around this level and i can continue to slowly accumulate with fiat monthly before the next blastoff.
I wonder how many lurkers there are who read this thread and do exactly that..slowly accumulate and hold just enjoying the show
23.
Post 5152511 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.09h):
only 270 coins left on mtgox order book
24.
Post 5152559 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.09h):
love it..who are these jokers dumping 450 coins on gox at 350
25.
Post 5152575 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.09h):
only 270 coins left on mtgox order book
What? And then?
180 now
26.
Post 5152600 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.09h):
only 270 coins left on mtgox order book
What? And then?
A rapid surge upwards I expect
27.
Post 5183529 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.11h):
That the fat fuck hasn't halted trading as the price implodes suggests something nefarious. Dropping the price on a major exchange by 80% through inaction the same as directly causing the crash in my book. I am surprised it has taken this long for some sympathetic lemming selling by big guns on the other exchanges.
Ultimately with bitcoin in the public eye, on the verge of entering mainstream adoption this is precisely what we don't want to happen. The market cap of bitcoin is down to just over 5 billion from 8-10.
If i was Mark Karpeles I would be looking over my shoulder for the next few months. People have been murdered for far less.
Silver lining: buying opportunity.
28.
Post 5183997 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.11h):
Didn't want to court controversy or offend with the notion of offing Mark Karpeles.
But the simple facts are his continued inaction is crashing the global bitcoin price. Something no doubt which half of you (bears) are extremely pleased about. Noone is calling for regulation but he should halt trading when his exchange ceased to be just that - an exchange of fiat for bitcoin.
Do any of you deny this?
29.
Post 5184141 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.11h):
Iīm officially long now (ultra short term
)
Chooo chooo - to the mooon
Think i need to go to specsavers
30.
Post 5184547 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.11h):
I am
[/quote]
You'll learn
31.
Post 5262010 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.14h):
I told you days ago, that Gox will not shoot up to Stamp prices, itīs the other way round. Stamp will go down to the Gox area.
Maybe a bit above and they will meet@ around 220$
You are a prick.
32.
Post 5262399 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.14h):
OK there is nothing wrong, I just contacted Bitstamp (I live near them) and they activated withdrawals for me right away, they told me it is a safety precaution, and they will make an annoucment and send e-mails with instructions to how withdraw..
Quelle surprise. The level of FUD on here is laughable. Its like watching a bunch of panicked gazelles..
In my view we are working through the last bubble and gox like it or not is the only story in town. Karpeles could not have handled things in a worse or less damaging way. Karpeles has killed his exchange with this behaviour. It seems likely he is trying to regain solvency by manipulation but who in there right mind would trade there again?
What annoys me is the unbelievable amount of damage and bad PR this is inflicting on the rest of the bitcoin economy. It makes bitcoin look like a joke in the eyes of the great unwashed who may have been tempted previously into dipping a toe in the water.
Oh yeah fonzie you are ignored.
33.
Post 5263210 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.14h):
Wait a sec, so people just sold because they thought bitstamp disabled withdrawals??
They sold because they think people will sell because bitstamp disabled withdraws.
Dumps on Gox, I wonder if we'll see double digits today?
I sure hope so. I just sent ~50k to mtgox. Would be a dream come true to buy in double digit.
Good luck!
34.
Post 5263318 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.14h):
I'm almost sure they had a flaw in security, because as I sad, it was the first time that I was advised to activate 2fa (in red letters) just after login. And with all this phising emails (probably gotten on that 'hack'), and the problem with withdrawals... In the best case, they have just experienced a lot of failed logins recently. In the worst case, its database has been compromised
Care to wait for the facts instead of making them up?
35.
Post 5760837 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.27h):
Everyone keeps talking about this "trend line" (im guilty of it too), but what if our trendlines are actually wrong. <snip>
We all think the blue/green is the real trendline but then it ends up actually being the purple one after a devastating correction (a REAL bear market) is revealed.
Why are you using Mt Gox dip down to 1xx's to formulate your trendline?
Barring a change in the US regulatory framework I think we will grind sideways with moments of volatility before slowly making our way back towards the ATH, at which point all hell will break loose.
36.
Post 5760973 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.27h):
Everyone keeps talking about this "trend line" (im guilty of it too), but what if our trendlines are actually wrong. <snip>
We all think the blue/green is the real trendline but then it ends up actually being the purple one after a devastating correction (a REAL bear market) is revealed.
Why are you using Mt Gox dip down to 1xx's to formulate your trendline?
Barring a change in the US regulatory framework I think we will grind sideways with moments of volatility before slowly making our way back towards the ATH, at which point all hell will break loose.
I'm not. The mtgox dip is a coincidence. The purple line is actually formed by connecting a bunch of contact points in 2011-2012.
Ah. But then you are simply joining the prices from the post 2011 bubble crash to the beginning of the next run. Doesnt seem that representative to me of overall trend but let us see. i hope you are wrong.
The chart of daily transactions (excluding popular addresses) seems more relevant to me, especially in the context of widening adoption after a recent bubble. Taken together I think we may see some more limited downside before another rip upwards. I am viewing this lull as accumulation time!
37.
Post 5800757 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.28h):
I'm getting flashbacks from last year's slow grind downwards and me losign 1000's trying to trade it...
fingers crossed this won't be the same...
I'm thinking a floor at 280-350 range this time if you look at the past bubble pops... but who knows right..
We were significantly lower than this two weeks ago..
38.
Post 5800825 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.28h):
With such tiny volume I don't think the market movements are that relevant right now except as the price approaches 'technical' areas (read technical traders selling off based on the chart).
All it takes is one big trade on stamp to drive prices back sharply upwards..or downwards!
39.
Post 5800841 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.28h):
I'm getting flashbacks from last year's slow grind downwards and me losign 1000's trying to trade it...
fingers crossed this won't be the same...
I'm thinking a floor at 280-350 range this time if you look at the past bubble pops... but who knows right..
We were significantly lower than this two weeks ago..
When were we significantly lower than 280-350?
I meant lower than our current price. Stamp hit around 400 in late february..
40.
Post 5801130 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.28h):
With such tiny volume I don't think the market movements are that relevant right now except as the price approaches 'technical' areas (read technical traders selling off based on the chart).
All it takes is one big trade on stamp to drive prices back sharply upwards..or downwards!
This is true but that doesn't change the general market sentiment. This was seen in the run up from $550 to $700 where a few big trades (not even that big really) drove the price up but as soon as those fiat cannons paused we've slumped straight back down. Dont get me wrong we will be going to the moon at some point but it seems the market wants to give more people a chance to get on the train
What do you mean by general market sentiment? In my mind market sentiment is entirely driven by market movements. The general consensus on here seems to be that we are post december bubble and the price is stabilising prior to its next move. Now all it takes is for a whale to make several large buys and the chart can be painted, sentiment will improve, paging to the moon guy etc..
Until then we drift..
41.
Post 5801928 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.28h):
Number of bitcoin addresses (excluding dust) is still around 500,000 if reddit is to be believed. This has a long way to run yet.
42.
Post 5820674 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.28h):
Aaaaaand we're back to the price we were before this crazy action started
Huobi still dragging things. Interesting market. As a mere speculator rather than a trader I am looking forward to buying my next tranche of BTC over the next 48 hours.
43.
Post 5837012 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.28h):
the night is young. anything could happen, but I think being at lows, we are not near the lows.
.......and there has been little volume yet. this is just petty bidding.
I admire your optimism
I doubt we will break 530$, lots of money in back, just waiting for cheap coins... one big order can fu*k up your position.
When the tide turns there is going to be some moaning from the usual lot.
44.
Post 5837116 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.28h):
Well someone is buying high and selling low.
45.
Post 5837127 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.28h):
Only around 800 coins to buy up the entire order book on bitstamp..
46.
Post 5837211 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.28h):
to me, only question of time when 530 $ is breach.
then it will be panic time.
2000 coins on bitstamp before that. Single small buy and we shoot back up into the 580's and beyond. But yeah the chart looks bearish. Any sign of a turn and ill buy my next twenty coins.
47.
Post 5837284 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.28h):
to me, only question of time when 530 $ is breach.
then it will be panic time.
2000 coins on bitstamp before that. Single small buy and we shoot back up into the 580's and beyond. But yeah the chart looks bearish. Any sign of a turn and ill buy my next twenty coins.
in a bear market? good luck!
just place your bids low enough. dont fall in bull traps.
Bottom picking is a dirty business as they say. But look at the overall trend from ATH, a steady decline. All it takes is a push above trendline into the low 6xx's and we are technically off to the races. Also we have a series of higher lows, the most recent of which is 400. So if we bounce as I expect we will and trend higher even slightly then suddenly the setup is rather bullish and this price looks like an excellent entry. If we bounce
48.
Post 5984617 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.30h):
Sat in the airport watching this unfold. Where do the newbie trolls always appear when the price is falling ha.
49.
Post 6039336 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.32h):
Right boys I have just bought more bitcoin. Expect the price to plunge.
50.
Post 6042955 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.32h):
You will see the end of this bear market by these following indicators.
1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.
If you will get tired of seeing indicator 3, then it's time to buy, not before.
#3 spotted in the wild!
https://bitcointalk.org/index.php?topic=554625.0;topicseenbtw why don't you expect a fast rebound? - if I observe this place properly all guys are playing "who gets the most bitcoins" - and they are wondering where the bottom is - probably not for selling at the bottom....
The market needs some rest to build momentum, and all of this isn't an act to drive the price down to buy back cheaper. This act is about dumping coins and creating illusions to keep the buy support up.
There are plenty of experienced investors who want out with certainty and they are just spreading out their sales to get better profits. These are mostly the investors that came in during the last November rally. They have no emotional attachment to bitcoin, that would make them stay. They are just doing what their schools taught them, to cut their losses in the best way possible, and to move forward with other investments. The loss of the markets in China and loss of the public trust isn't nothing to them. To them, bitcoin failed in the attempt to pass the threshold from illegal to legal finance. When these guys will finish dumping, then the price will be low, but it will be stable.
Lots of newbie accounts sounding very knowledgeable always come into existence during price weakness, then disappear.
51.
Post 6057531 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.32h):
Lots of posts from fonzie on this thread. Why does he always say 'This user is currently ignored.' ?
52.
Post 6552492 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.42h):
Pretty much.
There is less support (bid depth) now than there was then. Its just a matter of time before we make a run at 340.
3-5 posts earlier you were talking about 270, now it's 340, you have no clue what will happen, you just would like to see low price to jump on train.
What? Ok, since you don't want to actually look at my post history in more detail, let me clarify for you ---> soon, we could make a run towards 340. If that does not hold, then we are in position to fall to 270 in the intermediate future.
If all the chinese exchanges closed within a few days of each other, we could make a run at 270 even sooner.
I don't know if we will, but I have been
preaching for weeks, that unless we get some fresh fiat in here, we will continue to go lower.
Look, its Monday - the best day of the week for bitcoin and the market is going lower. Whoduthunkit?
Blah blah blah. You are a perma bear who posts constant clap trap to try and manipulate others on here to sell.
You don't have the power to move the market, therefore you have no idea in which direction the market is going to move. You simply react. Any plonker can draw a downward sloping line on a chart and prognosticate, but the truth is you dont actually know and when the market turns upwards it will catch you out as always.
Not sure why I took you off ignore, but that has now been remedied.
53.
Post 6553134 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.42h):
Windy is hardly a perma bear, he's one of the few here who actually changes his opinion after weighing up what the market is doing. He was very bullish for the second half of last year, even before the upturn in November.
Everyone seems to be in denial (cue pictures of Egyptians) at the moment but what he is saying is pretty basic -- people have to buy BTC for the price to go up and there is no new currency on the order books, the bid/sum ratio is creeping back to 1:2.
Everyone seems to think the toothfairy is going to wave her magic wand and buy 50K BTC out of nowhere (but I suspect she is a bit disillusioned with BTC and its associate fraudsters, dodgy exchanges, bans and bad press).
Now, more than ever, its time to realise BTC is about the technology not the currency.
You can predict the future price from the orderbook?
The price has fallen back from the ATH. Last month it hit the low 3xx's. It takes a relatively modest amount of buying to improve the technical picture and break us definitively out of this down trend. Then you will see buying, and when miners see the price rising they will hold out for higher prices and supply will dry up, prices will rise, sentiment on here will magically follow price action and.. you've seen what happens next no doubt.
Do i pretend I know when it will happen? No. But it does not require the intervention of a tooth fairy and I doubt any whale(s) entering the market and triggering a trend change will give advance notice to the trolls on here.
54.
Post 6558519 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.42h):
Windy is hardly a perma bear, he's one of the few here who actually changes his opinion after weighing up what the market is doing. He was very bullish for the second half of last year, even before the upturn in November.
Everyone seems to be in denial (cue pictures of Egyptians) at the moment but what he is saying is pretty basic -- people have to buy BTC for the price to go up and there is no new currency on the order books, the bid/sum ratio is creeping back to 1:2.
Everyone seems to think the toothfairy is going to wave her magic wand and buy 50K BTC out of nowhere (but I suspect she is a bit disillusioned with BTC and its associate fraudsters, dodgy exchanges, bans and bad press).
Now, more than ever, its time to realise BTC is about the technology not the currency.
You can predict the future price from the orderbook?
The price has fallen back from the ATH. Last month it hit the low 3xx's. It takes a relatively modest amount of buying to improve the technical picture and break us definitively out of this down trend. Then you will see buying, and when miners see the price rising they will hold out for higher prices and supply will dry up, prices will rise, sentiment on here will magically follow price action and.. you've seen what happens next no doubt.
Do i pretend I know when it will happen? No. But it does not require the intervention of a tooth fairy and I doubt any whale(s) entering the market and triggering a trend change will give advance notice to the trolls on here.
Look, it's not our problem you're unable to read charts, or wrap your head around even the most basic aspects of TA.
Furthermore, if you find yourself in a position where you accuse a (sometimes confrontational, but rarely trolling) user like windjc to be a permabear, who is posting just to manipulate the market, you can be pretty sure you will be one of the many suckers in this game who will learn the hard way that the rules of the market don't stop for Bitcoin.
To be clear: There is disagreeing with someone's opinion or analysis, and then there is sticking your fingers into your ears shouting 'I can't hear you'. For more than a month now, the latter is the dominant response in here by the investors that were lulled into a false sense of security by the various loglinear trendlines that keep being posted in here so often.
They will be in for a rude awakening: if they 'hodl' as advised, they will continue to spend many more uncomfortable hours and days seeing their net value decline. If they finally give in and sell, most of them will note that they haven't equipped themselves with the necessary tools to be effective traders, so they will lose as well.
As a result, the majority will tend to hold, but they will become increasingly vitriolic at any suggestion that the return to the magic exponential growth trendline is not imminent:
"Fuck you, reality! Why can't you already fall in line with my wet dreams of being a billionaire next year?"
So just to be clear: anyone who doesn't think the price will imminently fall to 266 or lower is neither able to read charts nor understand 'even the most basic aspects of TA'? Interesting logic.
I am failing to hear any meaningful arguments as to why the price will drop another 60% to your desired target. Other than you want it to and are positioned appropriately of course.
The truth is you have absolutely no idea where the price will be in a month, a year or further out. Unless you can move the market you are simpl making a guess based upon the
past.
It is probably worth remembering that this is the speculation (not trading) forum my good chap. Trading is for most people a mugs game.
55.
Post 6560160 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.42h):
You are repeating yourself. From "I have no idea where price is about to go" you conclude "Nobody can know where it'll go". Some form of Dunning-Kruger corollary, I suspect.
Re: $266. I never said we'd go there with certainty. Neither did windjc. He described a scenario where we could hit a price that low. But don't worry, I know: you don't think of events in term of (conditional) probabilities. "He said 266, so that means he thinks we will go there." I got the impression windjc is smarter than to think in binary terms.
I didn't say nobody can know where it will go. I said
you don't know where the bitcoin price will go. You could admit that rather than spouting faux intellectual nonsense about cognitive bias.
(Ironically enough I do think in binary terms when it comes to the eventual outcome of bitcoin.)
56.
Post 6629831 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.43h):
Fuck. I should have listened when they told me Bitcoin was a pyramid scheme.
I appear to be firmly at the bottom of the pyramid but bitcoin has returned around %400 of my original investment.
57.
Post 6675223 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.44h):
Anyone want to ask me if I am still holding my 1200 BTC shorts now?
Chessnut? Are you online?
hehehe, good call, but don't get too cheeky
real question to me is now: will we break 420 (which provided some minor support recently) on this leg down or not. daily lower BB sits at ~413, that's as low as I can see it go in the next days, in all likelihood.
I actually do not know. It is possible that we will make a higher low and confirm ourselves in a consolidating channel - which will correspond with the consolidating longer term wedge. And then we will have the "come to jesus" breakout sometime later this month.
That's a scary thought for bulls, because to breakout to the upside we need FRESH FIAT.
Meanwhile this strong impulse down is screaming follow through, so we may get a chance to test this consolidation theory very soon.
Bitstamp order book look scary - for the bulls
Alot of the "bids" on Stamp and Finex are just for show. As soon as the market goes down 20-25% of them usually disappear.
I just meant the totals of fiat waiting and btc for sale. Much worse ration than anytime recently
How pray tell do you know the quantity of fiat on bitstamp in order to calculate that ratio?
58.
Post 6744065 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.44h):
I'm only perceived as a bear due to the contrast that appears between me and uberturbobulls like rpetelia.
Actually you are perceived as a bear because all your posts are negative or bearish.
59.
Post 6802845 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.45h):
In the past, price has always went UP after any stable period.
I'm not sure how much longer the price will pretend to be stable, it may be weeks or months.
If the price drops from here and doesn't come back up, it would be a first in bitcoin history.
In 2013, the price may have went up after stagnation but that was because it was getting a lot of media attention and average Joes were buying in, this year, after many average Joes were robbed by exchange owners (not only MtGox) - 2 exchanges in my country stole the coins and money, this year my boy, its going to drop after stagnation.....is has been doing so since the beginning of 2014.
then don't waste your time here, go do something with your life instead of wasting it on a dead horse...
Shorting BTC, making hard cash USD, buying yo momma, kid. Welcome to ignored.
Says the newb who registered on this forum just days ago? It's YOU who is on ignore. Also Cpt. Illiterate, it's "the price may have
gone up after stagnation..."
Kid with stupid logic. Also on ignore.
New profile != newb. I will take profits from shorting over having good grammar any day, bagholder.
Jeez. I am fairly sure you are a reinvented troll of the past. Anyway, /ignore.
60.
Post 6927498 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.46h):
almost 3 k btc dumped and price is still north of 560
c c m f
Wait till the whale buys back in..
I wonder how many of the bears (igorr, matthecat, windy) have bought back in..
61.
Post 6953721 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.47h):
I guess "willy bot' became the new blue/red chart spammy material we'll see quoted everyday by those who didn't ignore Igorrrrr yet. At least with the chart we knew it would become plainly wrong/ridiculous eventually, willy might last longer.
wait 1.jul to new chart with trend line , blue red zone. (each 1st in month I publish a new chart with trend lines)
Why should we wait. You were wrong igorr. You continue to be wrong and despite your frankly pathetic attempts to rake up FUD you will likely be wrong in the future.
62.
Post 7055537 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.48h):
With all this good news coming out, and price still down 40% from ATH, its hard to imagine why someone would sell very much bitcoin at all, my price target of 800 is no joke, and is actually a low ball estimate given recent development, 800 target is just going to serve as a test of resistance and we will test this level in the coming days or weeks at most. I fear we are experiencing the last wave of retarded bears thinking they can buy back lower if they sell now ( yes bears are actually just overly greedy bulls ) once this wave is done selling we're going to experience some major liquidity problems on the ask side, only way we're going to get more sellers is by going above beyond people's price targets and enticing them to sell by offering higher prices than they deem reasonable. plus a climbing price will encourage holding / saving and increase demand! we have seen this before many times, the only difference now is that more poeple are watching.
its about to get wild people.
picture of rockets and moons will not cut it this time around.
Yes it is hard to believe we are still 40% down on ATH. I have loaded up so if we achieve ATH again this year it will be twice as sweet as last time
63.
Post 7067193 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.49h):
Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
Why will bitcoin probably collapse to zero?
I am sure you are an excellent technical trader but price prediction and being positive in life are not your strong points!
64.
Post 7067239 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.49h):
Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
Why will bitcoin probably collapse to zero?
I am sure you are an excellent technical trader but price prediction and being positive in life are not your strong points!
a complete protocol failure
Sounds like an edge case. US regulatory volte-face is all i am worried about.
65.
Post 7067680 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.49h):
Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
I am sure you are an excellent technical trader
Aaaaaaaaaaahahaaaaaaahhhaaa!
If only i could be bothered to dig up her completely ridiculous predictions from the last few months. She is completely clueless. All her trading is based on some weird obsessive compulsive disorder how Bitcoin will crash. She lives in a fantasy world full of doom and gloom.
We all can see how that worked out for her.
I think TERA's doing just fine.
Just as long as the psychics are wrong!
66.
Post 7068650 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.49h):
By the way Chinese exchanges (Huboi and OKCoin at least) are now significantly higher than Stamp.
Not at all bitstamp is almost on same rate as huobi +- few cents.
It's not a few cents, currently it is 654 and 644. It's not big (anymore), but it is significant, particularly when you consider that this is a reversal to the prior situation.
There is that big scary wall at 650 on bitstamp though
67.
Post 7075306 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.49h):
God, I miss this feeling.
Panic buying!
68.
Post 7077856 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.49h):
Second round of dumping.
As long as we keep a 6 in front of things then this weekend has been a nice move up.
69.
Post 7077894 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.49h):
LMAO..
What a complete fucktard.
Its 1500 back to 605 on stamp and around the same to get back up to 680. Thin market.
70.
Post 7077980 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.49h):
Its 1500 back to 605 on stamp and around the same to get back up to 680. Thin market.
Stretched Market. Overstretched, which means it it will overcompensate in the opposite direction of in which it was stretched.
At last! I get to pat myself on the back for selling my BTC (again) in anticipation of a correction, and not a moment too soon!
Its not over yet Mat. It could easily move back up.
71.
Post 7078110 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.49h):
100 stamp BTC support at 638
Just need someone to do a 1500 coin market order on stamp to ruin the bear action
72.
Post 7078934 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.49h):
This free beer shit is getting out of hand. Enough already
Party pooper! The man who made the thread is buying a round.
If they are still going around: 19cvuCCHrr5TQv6mtDwxJz711BVZ9XuPke
73.
Post 7198988 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.51h):
this "stabilisation" period could be good but it could also mean weak hands maybe sell their stacks caused by fear of low volume
Boredom before we move up again is no bad thing. Once the price moves back up towards 800 we are off to the races. The price was ludicrously oversold with the bear fud rubbish permeating everywhere. Not surprising after doubling that bitcoin will wait and draw breath before launching
74.
Post 7260515 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.52h):
A little perspective here people. The price doubled in a month. One slight pullback in the midst of massive internet company side adoption and it is bear central here.
Hilarious how twitchy you all are.
75.
Post 7260605 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.52h):
Why is all this bitfinex swap stuff relevant? I thought the whole theory behind the current rally was that it was neither bitstamp nor huobi that was leading the rally but that it was due to offline whales accumulate huge blocks and due to commercial usage, because there is clearly not enough volume on exchanges to be supporting the rally.
It probably isn't the major cause behind the rally. But it is a significant factor. $24 million in swaps is 37,000 bitcoins (or possibly more if the cost basis for the long positions is below the market price which it probably is). And in the past, the number of USD swaps has grown faster than the Bitcoin price (eg. 2013) which means that it may continue to be a source of demand.
By contrast, the Bitcoin Investment Trust with their 105k bitcoins looks like they've really slowed down their purchases (of course that could change).
Offline whales might be accumulating large blocks, but we don't have data on that. If we did - I'd be very happy to see it!
BTC used to do 100-200K per day of volume on mtgox. The tiny volume of 10-20K per day on bitstamp during rally is pathetic and nothing in comparison to previous volume levels. Even huobi (whatever portion is real), stamp, and btce combined are nothing compared to previous combined volume levels. A $10M increase in swaps is nothing compared to an $8Bn market cap. Obvious some other force is moving the market. If I was using Stamp's volume in my technical analysis, I would not even be here - I would have abandoned bitcoin.
You are aware that the price of BTC is massively higher now than it was last year. USD volume is the only relevant metric, and that is spread across all exchanges rather than concentrated on Mt Gox only.
76.
Post 7260667 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.52h):
Why is all this bitfinex swap stuff relevant? I thought the whole theory behind the current rally was that it was neither bitstamp nor huobi that was leading the rally but that it was due to offline whales accumulate huge blocks and due to commercial usage, because there is clearly not enough volume on exchanges to be supporting the rally.
It probably isn't the major cause behind the rally. But it is a significant factor. $24 million in swaps is 37,000 bitcoins (or possibly more if the cost basis for the long positions is below the market price which it probably is). And in the past, the number of USD swaps has grown faster than the Bitcoin price (eg. 2013) which means that it may continue to be a source of demand.
By contrast, the Bitcoin Investment Trust with their 105k bitcoins looks like they've really slowed down their purchases (of course that could change).
Offline whales might be accumulating large blocks, but we don't have data on that. If we did - I'd be very happy to see it!
BTC used to do 100-200K per day of volume on mtgox. The tiny volume of 10-20K per day on bitstamp during rally is pathetic and nothing in comparison to previous volume levels. Even huobi (whatever portion is real), stamp, and btce combined are nothing compared to previous combined volume levels. A $10M increase in swaps is nothing compared to an $8Bn market cap. Obvious some other force is moving the market. If I was using Stamp's volume in my technical analysis, I would not even be here - I would have abandoned bitcoin.
You are aware that the price of BTC is massively higher now than it was last year. USD volume is the only relevant metric.
No it is not. When you are trading it is the volume of the base currency that is relevant and not the volume of the quote currency.
Rubbish. If the price of a BTC has risen 50x in a year then clearly expecting the same trading volume in BTC is ridiculous.
77.
Post 7267315 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.52h):
based on a potential fractal I noticed.
please tell me this fractal is from 2012
seriously, just add a couple zero's onto those prices and boom! it's like time travel!
Here's a rough version of my fractal idea (bearish case scenario):
I am happy to be corrected, but your last few predictions were not exactly prophetic.
We may wobble up and down a bit before the next move but day traders really cannot see the wood for the trees!
78.
Post 7296133 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.52h):
Maybe he just wants to sell slowly @ high prices without creating panic before the BAD news come out and the market crashes!
Now I remember why you were on ignore. *click*
79.
Post 7400163 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.54h):
Now it's the last desperate hope for all the cab drivers and grocery clerks... Bitcoin is not about organic development of technology, not any more.
Wow, Im pretty sure that anywhere in the world you go and ask a cab driver what bitcoin is, they never heard of it.
As for development of technology, bitcoin is barely scratching the surface, there are more developers working on bitcoin related software, hardware, than there are in most technological fields at the moment. Imagine 1-2 years from now, when all those MIT and other universities students graduate what will they come up with. Altcoins brought nothing new to the table, Bitcoin was about decentralization of money and is the main cord that keeps all the altcoins alive. If I'll lose faith in Bitcoin I'll lose faith in decentralized money meaning in all crypto currencies.
About 4 months ago, a cab driver told me about bitcoin and how it will tear down banks.
Bitcoin is currently also hot in certain circles, where people meet each other by visiting the same motivational self-help classes.
there are more developers working on bitcoin related software, hardware, than there are in most technological fields
Exaggeration like that always crack me up. You are not even just talking about the open source scenery, but about most technological fields! Haha..
Bitcoin's development is slow and one of the reasons for it is that it's core is flawed. If you can't fix the core flaws, then there isn't much road ahead.
Altcoins are the improvements of bitcoin, the new and better models that face the flaws that bitcoin has shown through experience. Fools like to see bitcoin as flawless, just like religious zealots find The Bible flawless. Just like religious zealots, they can't see that when the core is rotten, then no matter how much you try to decorate the exterior, the core still remains rotten.
Pumpkin head I do wonder why you bother trolling a bitcoin forum about altcoins.
You come across as a very negative elitist fool with that comment about taxi drivers and clerks. Hilarious really that you can be so wide of the mark whilst trying to sound superior. Or have I missed the numerous giant silicon valley firms integrating altcoins as payment in the last six months?
80.
Post 7623499 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.56h):
so do you guys think this recent bump was from the newegg guys who have insider info, or does it have to do with the marshal auction? i personally think it has more to do with newegg.
I agree. Newegg > Overstock and Tiger Direct put together.
We're primed to go up. If a government somewhere is about to screw up badly, (and there's probably one), it'll get crazy.
Crazy as in?
$10k+
In 20 years, maybe.
Lol wobber and tzupy not enjoying the latest move upwards.
81.
Post 7642793 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.57h):
<snip>
This is a bitcoin movement thread on a bitcoin forum.
Please consider taking your bearish (trollish) altcoin chatter elsewhere. Thanks.
82.
Post 7642961 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.57h):
<snip>
You have been and will continue to be wrong about bitcoin. Anyway, intelligent troll or not, this is a bitcoin thread and appealing to the moderators will not change that!
83.
Post 7671756 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.57h):
i very little about charts. if you look at the 1w chart @bitstamp:
-MA about to cross
-MACD actually finally crossed
who zhe fugg would dump 1300 coins in such a moment ?
Bitcoin about to break out.
Central bank releases 'advice'.
Banking shill account on bitstamp dumps coins.
Price falls.
84.
Post 7671872 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.57h):
Looks like the market is still bearish for some reason. Every good news does nothing to the price, while "bad" news (or would I say "FUD" news) make it drop like a rock.
Well some trader reacted and dumped. The price is only 20$ lower than earlier. Lets see what happens. I wouldn't call this a bearish market.
85.
Post 7671997 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.57h):
i very little about charts. if you look at the 1w chart @bitstamp:
-MA about to cross
-MACD actually finally crossed
who zhe fugg would dump 1300 coins in such a moment ?
Bitcoin about to break out.
Central bank releases 'advice'.
Banking shill account on bitstamp dumps coins.
Price falls.
but... but i am sure the EBA also has guidelines on committing no crime. but virtually all major european banks have been cought stealing, lying, defrauding, cheating in about every imaginable way.
This is the first noise we have heard from a western central bank for some time. Suspicious timing. But turkeys don't vote for xmas. I think the effect will be very shortlived.
Good news isn't just a headline. It represents underlying events which are beneficial to the bitcoin ecosystem. And there has been lots recently.
I just hope perhaps wrongly that we are still early enough that the central banks aren't going to be screwing around with the bitcoin market a la gold market interventions.
86.
Post 7672255 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.57h):
<snip>
The market has dropped by 15 dollars now. I don't think it gives much of a shit.
87.
Post 7722213 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.57h):
That was great timing. I had just convinced myself to go margin long at 629, then the ISIS news hit and the price dropped to 616 before I could pull the trigger.
This skittishness is cringe worthy. There is a hint of FUD, so everyone sells. There is no thought of whether the story is even important (see the auction for a great example). BTC traders need to put on their big boy pants and stop being pansies. Or stop trying to make a living from $5 profits.
if you are confident take advantage of the low price, or chase the rally
I know the time will come, just need to be patient. gains rarely happen overnight
Yes the twitchiness of this community is incredible.
Time for me to buy another twenty coins then not check the price for a month.
88.
Post 7722266 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.57h):
Bulls in Denial 
Denial of what? The price is 620. We are a sneeze from 700 then each and every one of you bears will buy back in.
89.
Post 7722495 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.57h):
Denial of what? The price is 620. We are a sneeze from 700 then each and every one of you bears will buy back in.
Dismissing every bad news as FUD. Train is losing steam, price is slowly drifting downwards.
What will happen to the $29.6 million in longs at finex if bear trend resumes?
I must be missing the actual bad news? A few speculators (and momo minnows like you) sold after a puff piece headline. The price fell. And?
Minor price fluctuations are irrelevant.
90.
Post 7766697 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.58h):
The reason for the current downtrend are big mining companies constantly cashing out which is quite profitable atm.
This doesn't amount to very much. Annual new coins are only about 10% of stock so downwards price pressure from mining sales can't account for more than about 1% per month falls.
I think this is just normal market volatility. Up a bit. Down a bit. Up a bit. Down a bit. Who the hell knows why
Just wait till we get an unexpected move back up towards 700. This thread is bipolar, either to the moon!!! or crash crash crash!!!
Markets take time to move. Everyone expecting a bubble now was bound to lead to disappointment. The market will probably shake the daytraders around for a few months before we can go upwards again
Good luck to the traders using leverage!
91.
Post 7767273 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.58h):
This little dump doesn't effect my current anlysis. We are still right on track:
(...)
short term, we see a downwards trending triangle. If we break to the UPSIDE, this will be very bullish and push us above the 654 USD fibonacci retracement:
(...)
This is basically all i read here every day for the last 2 weeks. People dumping and not to worry because we will go up.
It's starting to look silly.
I truly hate to sound like Tera but i have to be realistic. For weeks all we see are people dumping. There is nothing bullish about this. Really nothing. The ask side is getting bigger by the day.
I don't care about trend lines and past bubble behaviour. All i see is the current situation and nothing points to Bitcoin going up. Let alone another bubble.
i'll revisit my position if we go break this triangle to the downside and sell a lot if we go below the next fibonacci retracement at 534 USD.
But for now, I think it's just stupid to dump. Good news ahead (ETF, a lot of new companies in the bitcoin space and maybe ebay/paypal accepting bitcoin. I wouldn't be surpised if it happens in Q3!)
Why the hell would you sell if we get below 534 USD considering all the good things you quote?
it is called risk management, not everyone on this thread got in when Bitcoin was few dollars, some has paid $600-1100, others has lost most of their savings with gox, others still hold to a couple of Bitcoins, now try to convince these people about calming down if we go to $400 or less.
I just want to point out something, people who have access to critical information are selling and investing in other businesses, a person would think why the fuck would they sell and invest in a business that could return only %10 and not leave it in Bitcoin if the "bubble is close", they could make 10 times more, but the answer is simple, there will be no bubble, at least not any time soon, and they are doing their risk management moves...
Source?
92.
Post 7767433 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.58h):
Ha.
I guess the VC's are wrong and we won't be seeing you round here anymore?
93.
Post 7878964 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.59h):
- Absolutely the most fundamentally positive position bitcoin has ever been in - Check
Yeah...I hate this word but these random dumps on the trendline look like
manipulation They do, in fact its starting to look like the gold market (interesting article fwiw:
http://www.futuresmag.com/2014/07/16/huge-sell-orders-have-gold-bugged?t=commodities&ref=rss ). I'm not ruling out the possibility that this could simply be the market maturing though, its too early to tell but the hash rate may be levelling off and the volume of coins arriving on the exchanges could well be from commercial transaction via bitpay, coinbase, etc. Both those sources would have a minimum selling price which would explain the dumps on every rise and there's clearly buying volume every time it drops.
The conspiracy theorist in me (who found manipulation at technical areas in the gold market following its peak at 1900 and subsequent announcement of QE to infinity pretty obvious) is waiting for a large seller who doesn't care about price when dumping to turn up. It has all seen a bit easy from the legacy banking cartels so far. Dirty tricks will be coming.
Just hoping we get another bubble before then!
94.
Post 7882493 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.59h):
Someone clearly wants to keep bitcoin price suppressed for whatever reason. But it's all right, we should be happy that we have more opportunity to buy at such incredible low prices while we still can. It feels like it's dragging on forever, but it won't.
Yes, I have significant funds coming in 7 days. Hopefully we stay in this range or dip lower by then.
The longer we sit here consolidating the better i think.
95.
Post 7907980 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.59h):
Just had an appointment with my GP Doctor this morning, and bought up the conversation of BTC. He told me he was booking a place on a seminar next month, and he had been told the cost was either Ģ700 or Ģ550 if paid in BTC, so it had made him do some reading up on it...he was more enthused by btc than i am..and this is a 50 year old doctor.
As a member of the esteemed profession myself it is nice to hear that word is finally getting out!
96.
Post 7912401 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.59h):
If we kick off a rally today, I'm going to feel pretty smug with myself. I just opened one of my forecasting spreadsheets and noted that I'd arbitrarily picked today as the starting point for the next bull run. No I don't have any proof or logic, just me and my obsession with plotting things in spreadsheets.
Tomorrow
What is the lag for the general public to get on board the train? They have to signup with a company like coinbase deposit funds. We may get a price which is more responsive to the news flow of major company adoption when wallet providers like circle come fully online.
I think the latent accumulation phase is drawing to an end. Bitcoin utility as a currency is roaring upwards far faster than consumer adoption. The MSM will do their work explaining that bitcoin is commodity money and scarce and coupled with ETF the next 10x bubble should hopefully arrive before xmas
97.
Post 7913894 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.59h):
Dell accepting Bitcoin is bad sign for the short term price
Biggest bullshit I've read in weeks. Think about it again and apologize for being an idiot.
Extremely short termist viewpoints might help daytrading gamblers, exactly the people who have ridden the bitcoin bull market since 2011 and are not wealthy, but to speculators in bitcoin the dell announcement us hugely significant.
98.
Post 7914202 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.59h):
What I don't get is this. If somebody either day trades or even, God forbid, moves in and out a few times they are castigated on here and told that the gods will skullf--- them by leading to them missing a thousand point jump -- thus, everybody hodls and this behavior is reinforced in the group through negative stimuli and punishing posts. BUT, then you complain about there being no volume. THEN, you wonder why amazing news leads to a five point turn. THEN, you wonder where the bubble is.
You know why there isn't a bubble? Hoarding! It is deflationary... but not only in the way you hope for it to be. So, you want a bubble... grow some balls, make some moves, and don't get irritated at the people making moves. Because you know what, we ought to be at 800 today... the Dell news is extremely positive news for broad scale adoption and news like this, in any other functioning market, projects towards who else would be adopting next. In a nutshell, don't give people grief for facilitating functioning markets. Play your hand, cut the group psychosis s--- because over the past few months it has cost us all a lot of money.
Perhaps that was aimed at me.
No one is castigating day traders. But the bitcoin project is about more then a few % moves over 24 hours. Most of the 'traders' on here don't make any money, they lose it.
Not sure what your point is, you seem to be annoyed that holders continue not to sell. How is that in anyway harmful? Daytraders provide volatility, zero sum noise, and not much more to the market. New money from holders and new bitcoin investors is the only thing which will drive the next bubble. The ground work is being laid right now. Who knows when it happens. I can't speak for anyone else on this thread than myself, but I am entirely indifferent to short term noise in the price, I only care about the trend.
99.
Post 7914439 (copy this link) (by inca) (scraped on 2020-04-04_Sat_12.59h):
What I don't get is this. If somebody either day trades or even, God forbid, moves in and out a few times they are castigated on here and told that the gods will skullf--- them by leading to them missing a thousand point jump -- thus, everybody hodls and this behavior is reinforced in the group through negative stimuli and punishing posts. BUT, then you complain about there being no volume. THEN, you wonder why amazing news leads to a five point turn. THEN, you wonder where the bubble is.
You know why there isn't a bubble? Hoarding! It is deflationary... but not only in the way you hope for it to be. So, you want a bubble... grow some balls, make some moves, and don't get irritated at the people making moves. Because you know what, we ought to be at 800 today... the Dell news is extremely positive news for broad scale adoption and news like this, in any other functioning market, projects towards who else would be adopting next. In a nutshell, don't give people grief for facilitating functioning markets. Play your hand, cut the group psychosis s--- because over the past few months it has cost us all a lot of money.
Perhaps that was aimed at me.
No one is castigating day traders. But the bitcoin project is about more then a few % moves over 24 hours. Most of the 'traders' on here don't make any money, they lose it.
Not sure what your point is, you seem to be annoyed that holders continue not to sell. How is that in anyway harmful? Daytraders provide volatility, zero sum noise, and not much more to the market. New money from holders and new bitcoin investors is the only thing which will drive the next bubble. The ground work is being laid right now. Who knows when it happens. I can't speak for anyone else on this thread than myself, but I am entirely indifferent to short term noise in the price, I only care about the trend.
They can hold if they want... just the peer pressure aspect of it I find disconcerting. Also, it is a project towards disrupting fiat currency and thus to have applications in commerce. If it is to have applications in commerce that means it isn't hoarded (at least not totally) because then it never makes its way into commerce. Additionally, there exists a large contingent of hoarders who are expecting the price to rise exponentially and have no deeper affinity to the cause of bitcoin than a john has to a nightwalker -- they're just in it because they think they might get lucky to retire on it... and yet the price does not rise exponentially because there is no upward volatility on good news because these guys are stifling that very volume (almost an unwitting, even more than normal, tragedy of the commons type scenario).
Anyhow, it is what it is... but I really wish people would at least think about the ramifications of the ideas they push a little more.
Interesting points. If bitcoin were all of money then you are probably correct. But I view bitcoin as a digital gold, an (eventually) deflationary digital commodity money which will exist and complement fiat currency, not replace it. I forsee the gold market cap decreasing as bitcoin continues to rise.
Continued merchant adoption is a no brainer for me. Barrier to entry is almost zero for a merchant and the gains are obvious and immediate.
Yes bitcoin is decentralised, cryptographically secure, trustless, but what I think will draw in the common man is far more simple, its scarcity and deflationary characteristics. It is why you and I both hold and buy bitcoin, right? The world is full of lots more you and i's
100.
Post 7976467 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.00h):
Bears are idiots. It is clear we broke the downtrend - you cannot just redraw a a downtrend line to match today's price
Wow, you sir are the perfect example
why old time bitcoiners donīt want to contribute to this forum anymore. <suspect analysis snipped>
I personally would not spend 600 USD on a bitcoin.I believe that it is highly overvalued at this price and everyone paying this amount of money is out of his mind. I still have enough to make a good living, but I will rather sell some than buy...
You could be right and the price may well move down from here. But there is a good probability you are wrong and it will move up instead, we will need you and other bears to frantically buy up coins as the price rises past 700.
Incidentally old time bitcoiners are likely to be filthy rich and quite possibly have far more interesting things speculate in this forum!
101.
Post 8000406 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.00h):
The Chinese exchanges dump too, so it's not a local event.
Pitiful volume. 2500 coins to 645 >3000 coins to 600 on stamp. Wake me up when we breach 600.
102.
Post 8005243 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.00h):
Right i am buying another chunk. If we go lower then ive got more
103.
Post 8031903 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.00h):
Since last year, China always had the largest volume by far. Your app ignores Huobi (had about 14000 BTC volume yesterday), OKCoin (26000 BTC), and other large Chinese exchanges. It is about as useful as a stock market survey site that ignores NYSE, NASDAQ and FTSE.
Quoting Chinese exchanges in a volume comparison is meaningless, since 0 fee structure falsifies true volume.
104.
Post 8032597 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.00h):
Good support on stamp an pretty thin back up to 620 based on the order book. A quick large buy here could leave sellers an egg positive face.
105.
Post 8033430 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.00h):
590 wall will fall soon.
Lot more selling needed to munch through the order book. Doubtful we go much lower.
106.
Post 8039400 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.00h):
Strong support at 590. Barely no resistance upward. It screams "buy" and it looks so obvious I'm afraid it's a trap.
Well I just bought a few based on that. Ha!
107.
Post 8047297 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
Next attempt at 600 cannot be far off on stamp. Selling seems to be exhausted.
Slow meander upwards for a few weeks methinks.
This new Jersey fund is interesting (run by Blythe Masters ex). As more bitcoin funds launch can we expect mining supply to be bought up off books resulting in an indirect restriction of supply on the exchanges? This might carry the price up until it ignites in the public imagination again. There are only so many coins the specs can buy and sell to each other.
108.
Post 8048003 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
Sizable dump to change order book and steer us away from 600 downwards.
109.
Post 8048719 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
Thoughts regarding apple joining forces with visa for iwallet on iPhone six (released this fall)?
My first thought was this was bitcoin bearish. But apple mobile market share of handsets is not what it once was, not all iphone users or merchants will sign up to this. That said it will perhaps for the first time start what is long overdue, the use of a mobile as a wallet and payment device by the masses. This amongst the first steps to the disappearance of the conventional 'card'.
Overall this may widen the appeal of bitcoin especially among tech savvy youth as the idea your phone carrying money becomes commonplace.
Circle/coinbase/blockchain.info take note!
110.
Post 8063494 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
We are drifting down but the orderbook on stamp is interesting. <1700 coins to get back to 620.
My take: we either get some proper dumping which the market doensn't look up for or this is a headfake down prior to a big move upwards.
How much money will a dumper really have made dumping at 620, 610, 600, 590 with the hope of buying back in. Not much.
Either way i will buy another tranche of coins over the next couple of days.
111.
Post 8069650 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
i'd also like to note that if you want to lose much bits while its going down (double your losses with very little upside risk), buy some altcoins, particularly AUR and BTCD.
i myself am down about 50%
its wonderfull!
Ha. Careful selling its still only 1600 coins to 615 on stamp
112.
Post 8071537 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
Reverse head and shoulders (on all exchanges I checked), confirmed by divergencies in MACD and RSI on hourly scale. Looks like this wasn't a temporary bottom!(
Reverse head and shoulder is, isn't that bullish?
Or something to do with shampoo
113.
Post 8074371 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
So who sold in the 570s?
Remember the coins shroomskits bought at 680?
ya... I think so.
Weak hands. Thanks.
114.
Post 8105799 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
Bit lower and I'll buy another few! I am going to reach my overall coin target much sooner than expected. Yay.
Let's recap. US regulation incoming. New fund opening 1/8/2014. Lots of coins need to be accumulated off exchange. How best to ensure a great price? Technical dumping on exchange to get the momo traders selling the price down. Acquire coins. Manipulate price upwards by removing selling pressure and some technical buying. Job done!
115.
Post 8105962 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
If we bounce up from 550 and break 680 then in retrospect this will simply look a correction after a price doubling.
116.
Post 8106078 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
Bit lower and I'll buy another few! I am going to reach my overall coin target much sooner than expected. Yay.
Let's recap. US regulation incoming. New fund opening 1/8/2014. Lots of coins need to be accumulated off exchange. How best to ensure a great price? Technical dumping on exchange to get the momo traders selling the price down. Acquire coins. Manipulate price upwards by removing selling pressure and some technical buying. Job done!
I feel sorry for you if you think this is anything else than simply people getting out.
There aren't secret groups of people keeping the price down to buy cheap coins. Stop being so delusional.
Everyone with a lot money money had every chance to get in. Even the last few months when everyone expected a bubble they didn't. They realize this isn't going anwhere.
Don't feel sorry for me i'm on a Greek island on holiday.
Anyway don't be such a prick, you already said you sold so of course you want prices lower.
Ex head of oil/commodities at JPM is starting a btc fund next week and you think bitcoin is over? You're delusional!
117.
Post 8106639 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
There are already several funds and all i see is the price going down. You will be very dissapointed.
You seem very sure of that. Stop talking your book, it is transparent. I preferred the one liner acerbic comments you usually come out with.
118.
Post 8107054 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
Things are looking bad, guys.
I'll take what you say with a pinch of salt. You're short/sold right?
Ha
119.
Post 8107185 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.01h):
Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."
They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.
Agreed.
Unlike previous years the public doesn't want to invest anymore because they think Bitcoin will go up.
All they see is previous buyers losing money.
What we have here is:
No new buyers.
No amount of good news will make the price go up.
Any slightly bad news will cause a crash.
No increased user adoption.
Lots of people getting out.
This was gonna be the year of Bitcoin. It simply failed.
It won't magically go up again. There is no reason why it would.
I really hope you pair of tits don't convince any honest people into selling here with your book talking!
120.
Post 8121571 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.02h):
Last night it was all 'we're all doomed' and people calling 'under 400' or even lower.
I was trying to say it was ludicrous and actually just causing panic when 550 was not even going to be breached (and yes check back I said we might overshoot and dip through 560, but any lower was too much of a BUY).
Today it's back up to where we were a couple of days back and it's 'to da moon and rockets'?!!!
Gotta love this thread...
I would love it more if it weren't for the bs manipulation attempts. Shrooms/kreinaha etc would never convince me to panic sell, but you can bet some poor schmuck did.
At one stage the crash word was being bandied about regarding a drop from 620 to 550 over a few days. I mean come on!
121.
Post 8132552 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.02h):
do we hit 600 before Saturday?
I just need the price to sit in the 550 to 680 range for another week and I will have hit my coin target for the year four months early.
122.
Post 8137960 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.02h):
What happened to your doomer predictions earlier in the week?
123.
Post 8185786 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.02h):
124.
Post 8217411 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.03h):
I think between the incredible news of GABBO and Global Payments' sign on, we might be starting something very big here...
But only a few days ago you wrote that bitcoin was over and the price would crash? Which is it?
125.
Post 8263827 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.03h):
Price is fairly stable. Bears come out and try to talk people into selling by predicting a fall down to 3xx and 4xx. Hrmph.
126.
Post 8281589 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.03h):
Must suck to be that fool that buys at 690+ every time.
It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?
Because one of these days the price will move upwards past 600 to never return.
Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.
127.
Post 8282295 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.03h):
Must suck to be that fool that buys at 690+ every time.
It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?
Because one of these days the price will move upwards past 600 to never return.
Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.
When exactly are these weak hands done selling? I think i read that same sentence at least 50 times by now over the last 1.5 years.
Its a cycle. See the last few bubbles.
128.
Post 8307638 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
If we go below the 560 for any significative ammount of time, according to the 12 hours graph, we will go down and I don't know were are we expected to stop - maybe somewhere in the 400's?.
Monkey puts that number at 440.
So you sold.
The price is so far down a grand total of 18 dollars with the same number of coins on stamp to run up to over 600 as 540. We haven't even breached any made up technicals yet.
What was that advice previously off posted here: if in doubt, hold!
129.
Post 8310514 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
People can buy 100 dollar worth in Bitcoin now or when it's 10.000. So your point is invalid.
Bitcoin going down simply isn't good. No matter what excuse you guys come up with.
The amount of bullshit coming out of your mouth, is just, WOW
Did you really expect to be set for life, by buying 1BTC last week???
Well, he maybe could be set for life if he didn't daytrade his initial 2 BTC to 1 BTC
I'm wondering, it ShroomsKit a bull again or still a bear. He seems to become a bull when the price tanked hard or rallyed hard. When it is slowly declining he becomes bear. Interesting. Might write a paper about it....
I think you'll find it is a simple formula: sell coins -> scream doom and gloom , buy coins -> scream to the moon.
130.
Post 8313152 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
I don't believe in charts or past trends. I just have a "gut feel" that price will go up in long term. Holding until it goes below $400 or above $700. Will buy more below $400; sell some when above $700.
Are you not worried by the crash at all? I mean I'm quite impressed if you're not, but I think it's at least somewhat worrying in these difficult times, after all. No one knows which way it'll go eventually...
What crash?
131.
Post 8318561 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.
The bulls right now:
Yap yap yap. We get it you sold. Pathetic.
132.
Post 8319263 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.
You're so right, man! My bitcoin that was worth $588 yesterday is only worth $570 today!!! What a devastating crash, a btc crash to end all crashes!!
(In. case. you. can't. tell. that. was. mega. sarcasm.)And it was worth $600 a couple weeks ago and worth $630 a week before that and $680 only a couple months ago. You're welcome to keep holding if you'd like, but smart people are reducing their exposure right now.
'Smart people'. Hilarious. The price is up roughly 1000 percent from last year. It is just under double what it was a few weeks ago.
Sell Sell Sell like the smart people!
133.
Post 8325187 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.
You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.
People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.
You and that irritating poster Kreinaha sold. We get it.
Hope that works out for you. Ssh with the noisy booktalking.
134.
Post 8325304 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.
You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.
People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.
Just gonna quote this:
Ok, i can't handle it anymore. Bitcoin is over. I sold both my coins. I'm outta here!
LOL!
strong buy signal!
edit: I think i actually posted a few weeks ago that when shroomskit sold(even though he said he was never gonna sell), that would be my buy signal
ShroomsKit selling is the best sign a man can look for when dedciding to enter a long position
It's also funy how he goes on and on about how the "weak hands getting shaken out" is a myth when he, himself is living proof that they are very much real
Meanwhile it is 195 coins back to 570 and 5000 to 550 on stamp. Boring manipulation is..boring
135.
Post 8325422 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
It's a trap. Down we go. Smart money is getting out. Are you smart?
Welcome to ignore.
136.
Post 8326983 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
Game over. ShroomsKit and mimimitech are out. Bitcoin is dead.
Oh NO they left the BTC game and sold they BTC.Bitcoin is gone for forever.It's dead!
LoL
They leave twice a month currently.
137.
Post 8327719 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
Hope this turns into the silk road incident.
Its buy time!
138.
Post 8328035 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
It's not panic, nor weak hands.
It's a raid.
Precise targeted selling, not to gain a good price but simply to move the price down. Easy in a market this thin.
139.
Post 8328055 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
3 k to 500.
About the same right back up to 590.
140.
Post 8328293 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
It's not panic, nor weak hands.
It's a raid.
Precise targeted selling, not to gain a good price but simply to move the price down. Easy in a market this thin.
You seem to see 'coordination', where there is mainly just 'market momentum'.
It really is such a ridiculous idea that everything one dislikes must be the making of conspiratory evil forces that I'm troubled to understand how they can ignore the cognitive dissonance.
It's even weirder when you took part in the actions that are re-interpreted as being part of some 'grand scheme'. Didn't even know I'm an Illuminati member...
Not really. The action of recent days is the work of a few sizable trades from by definition a few people. You just momo'd along for the ride.
The market is so thin its not rocket science.
141.
Post 8328445 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
It's not panic, nor weak hands.
It's a raid.
Precise targeted selling, not to gain a good price but simply to move the price down. Easy in a market this thin.
You seem to see 'coordination', where there is mainly just 'market momentum'.
It really is such a ridiculous idea that everything one dislikes must be the making of conspiratory evil forces that I'm troubled to understand how they can ignore the cognitive dissonance.
It's even weirder when you took part in the actions that are re-interpreted as being part of some 'grand scheme'. Didn't even know I'm an Illuminati member...
Not really. The action of recent days is the work of a few sizable trades from by definition a few people. You just momo'd along for the ride.
The market is so thin its not rocket science.
I never said conspiracy. Thin market means easy to move the price up or down.
Short term volatility is of no practical consequence to me or anyone else holding for the medium or long term. The loudest shouters on here are just waiting to buy back in lower.
A look through the threads from 2011 2012 and last confirms most 'traders' here should be millionaires but for some reason aren't.
142.
Post 8328607 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
I can tell you that there are some manipulation techniques that can be successful sometimes (with either risk and/or expenditure) and they're even legal with Bitcoin, but they sure as shit don't involve continuously selling large blocks of BTC because that's like a black hole and you will need more and more funds while almost all the work is done by you and thus you will have trouble profiting from it. What you need to do as a manipulator is create the impetus for many others to sell, or expend a little effort to keep that stream going, but it needs to be +EV or soon you're going to be broke.
It's just that so many are like blind people talking about color. If you don't have the funds to meaningfully execute your idea of manipulation with Bitcoin, go to some alt coin and try it there. Let me know how that works out.
No need to dick waggle over how many coins you have Blitz!
I take your point. But in a narrowly trading thin market with speculators like Oda for example waiting, then large dumps while you are either accumulate OTC on the cheap, or are heavily short should work no?
143.
Post 8328672 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
Doesn't matter, I'm selling now. Time to get out fellas.
Should I say it now or come back later to say "I told you so"?
A second coming?
144.
Post 8329100 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
The thing about mmitech, shroomskit kreinaha et al is that they are dishonest. They proclaim the end of the world to induce selling from others, whilst secretly waiting to buy back in at a lower entry.
Good job guys!
145.
Post 8329634 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
The thing about mmitech, shroomskit kreinaha et al is that they are dishonest. They proclaim the end of the world to induce selling from others, whilst secretly waiting to buy back in at a lower entry.
Good job guys!
+1 Yep.... you said it.
I do wonder if you would consider the opposite as dishonest: Bulls talking something up saying Wall Street any moment now, revolution is now, 10k USD by July etc. to get a higher price so that they can sell at (more) profit, say in the mid 600s.
Interesting point there blitz. I suppose calling for 10k next month is similar if the motives are simply to sell out for the cash. But I think most bulls believe in bitcoin and want to hold it. Not to mention that has happened 3 years in a row.
The three I mentioned calling for the end of the world are also bulls but are shamelessly attempting to change sentiment during volatility so they can rebuy more coins at a lower price. That is dishonest in my view.
Its s free country though
146.
Post 8329875 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
I love the fact that the market is so thin 3.5k coins takes us right back up to 590.
Right off to do a case, at this rate we'll be below 0 when I return.
147.
Post 8332986 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
If we break into $400s this could trigger a lot of weak hands and we might just see $300 range coins again. If be a happy happy buying fool @$350-$399
+1
Im thinking of waiting to get into the mid 200's to make any serious decisions, hopefully that wont happen
Good luck with that!!
148.
Post 8337505 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
Sorry man, I went to bed shortly after this post. but... Take a look at the mining pool chart, all big miners are pools, that pay out individuals, so they would not be able to buy those coins. The biggest private pool mines less the 20% of the coins. That is the biggest chunk
OTC trades for large amounts of clean/virgin coins would be at an hefty premium I guess. Enough for pool owners to trade their virgin coins for cheaper used coins on an exchange. But it was just a guess.
Any other idea on who and why is dumping is welcome.
Besides the sellers themselves I doubt anyone around here knows exactly why they do it.
Get cheaper coins through panic
Coin mixing through exchanges
Altcoin preminers taking profit
Stolen coins constantly being sold
GABI trying to achieve a low base
T/A whales trying to paint capitulation to start a new bubble
Exchanges selling fees and buying some back cheaper
Attempt at a long squeeze
Whales giving up and taking profits
Wall street trying to fuck over traders
Dump once a month to buy OTC cheaper
Unless you are the dumper, or the exchange operator and can see who is doing what, we will likely never know. The fundamentals haven't changed, so the only thing I know with a strong chance of being true is that they are doing it to profit, not because "bitcoin is dead"
Great post..
149.
Post 8337540 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
Shroomy, Fallllllling, could one of you keep an eye on things while I step away from troll duty temporarily for lunch? Thanks.
Don't rush back!
150.
Post 8339117 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
I usually trade these wild swings, but i can honestly say i have no fucking idea which way its going. My general rule of thumb is when im confused, stay put and do nothing. Im a spectator for now. If we break 520, think i'll be selling.
Don't fight the tape. That's a hard lesson that I've learned this year playing the bitcoin game. We might have a short burst up, but it will fall again. We're deep in bear territory now and we're not even at the "blood in the streets" phase yet.
Deep in bear territory? The bear market bottomed out in the 300's and has been climbing since. Zoom out.
151.
Post 8339491 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
Seriously, anybody seeing that we are only about 600 coins from a new bottom on Huobi and OKCoin? You seriously don't expect that to hold... hell if I was a whale I'd dump just for entertainment (I mean, not like they don't have enough money as is) at the sight of that even if it meant I lost money. Jesus.
Similarly its a little cough and we are basically back where we were yesterday
152.
Post 8344406 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
good morning, time for another round of dumps, I guess.
love you all.
Yawn. Order book not suggesting its very effective.
153.
Post 8347009 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.04h):
but your posts makes those trolls speachless in a second.
Trolls are market makers, but plain
cheerleaders won't see it. We are smart, we are strong, we are legion.
You never know the real motivations behind trolls trolling or what they are doing. It's not like plain fon
sie buying 1 bitcoin to be millionaire a week later.
We do know the motivations behind you and every troll on here. Simple profit. You attempt to sway sentiment and encourage selling during volatility. For everyone of you there are hundreds of lurkers and occasional posters who ignore your transparent verbal diarrhoea. If you posted more you would be /ignored like falllling et al.
Let's see how low we go before it bounces. Getting itchy to buy a nice tranche of coins. May still be too early.
154.
Post 8354475 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.05h):
Stamp still trying to break through $520 on weak volume, China trailing even further behind. It would take a brave (or just foolish) soul to go long in this spot. We haven't even seen blood in the streets yet, but it will happen.
I'm still unsure whether we're going to drop tonight, or if we'll move sideways until the weekend. I would guess $400s will happen sooner rather than later though.
Ssh you silly book talker!
155.
Post 8357160 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.05h):
I feel like I've reached a new level of bitcoin awareness. Screw guys like Risto, they don't know what they're talking about. Here's the real deal: We had a slight rebound from ~$500, but once again, it was on low volume. Do we really need to debate what that means?
Unless Warren Buffet decides to invest suddenly, we are going down again. 100% certain.
The only thing 100% certain is that you can be relied upon to talk your book in every single one of your very numerous posts on btc.
156.
Post 8361896 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.05h):
Well the sellers can keep selling. Someone is buying each and everyone.
EBay upcoming integration suggests bitcoin is becoming the darling of internet corporations. It's merchant adoption rate is incredible this year, especially considering the negative price action.
Don't be shaken out of your holdings. If bitcoin was a buy at 650 it is a great buy at 515!
157.
Post 8362137 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.05h):
Today was the first day in a week where a big wall on OKCoin was bought in a few bites instead of causing downward pressure.
If this was not the bottom for now.. I'd be surprised.
I think there is too much TA talk of the importance of the 550/540$ breach. It takes only one big announcement to get this rocket going again.
Really? I feel like we are constantly getting really good news, and no rally ever to be found. Now Braintree looks to be a test bed for Paypal to start accepting bitcoin. Annnnnd bet you we're gonna drop.......
Patience is a virtue. Value is being built into the network. Nothing about bitcoin has changed for the worse. If adoption rises, so does the price, eventually!
158.
Post 8367223 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.05h):
panic time boys, its going to single digits
Haha
159.
Post 8367242 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.05h):
Anyone momo selling now is quite literally a moron
160.
Post 8367331 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.05h):
Well done idiots. Another crash. Is everybody happy now or what? 90 dollars wasn't enough yet? Till what point do we have to crash for people to say ok this is enough?
But that's not where we are going.
Bitcoin is over. It is dead. You still don't get it? Everyone is getting out.
I know you're just trolling, but there's only two days between the two posts. Some consistency, maybe?
He's butthurt to the max IMO.
Few more days off this selling (extrapolated) and we'll all be feeling it.
161.
Post 8367465 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.05h):
bitcoin game over!
do NOT buy bitcoin, bitcoin is going to nowhere but down! buy more lose more! cut loose now!
YES WE KNOW YOU ARE A BIG FAN OF THE MOVIE FOOTLOOSE!
Please don't quote him.
Even deliberate selling to move prices down requires coins. Sellers must exhaust soon.
162.
Post 8378806 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.05h):
Few coins on ask side. Could see a quick move upwards..
163.
Post 8378921 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.05h):
Few coins on ask side. Could see a quick move upwards..
no way, give up your hope! there is no upward move, bitcoin is going to nowhere but down!
1m bid vs 1 sell = still going down
the final capitulation incoming!
Ha. You are hilarious. Looking forward to the market turning so you disappear.
164.
Post 8394557 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
Awoken after time away to see a 5xx handle. A little cough upwards and the market will get the bears crying. Still very thin market.
Coinbase running out of coins to sell to customers? Obviously running out of coins is bullish. It implies internally they have more buying than selling, which at this price has exhausted their supply.
The fact 'traders'on here are arguing it is bearish is hilarious. Black is white, right?
165.
Post 8401234 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
It's time to launch the rocket, guys! Look! We are building up our launchpad!
This time everything will be different (saying this since 1200, but hopefully nobody has taken notice.) C'mon guys, last chance for cheap coins!!! (as every day). Buy, buy, buy! (Sounds like promotion for a pyramid scheme but, yeah, you know...)
Boooom!
Please lockup the definition of a pyramid scheme so perhaps you look less foolish in the future.
Please read more carefully next time, so perhaps you look less foolish in the future.
Are you saying your post is not sarcastic? Weren't you the one who said the price was going to zero? If not, I must have mixed you up with someone else.
Funny how these new troll accounts appear during periods of downward volatility.
166.
Post 8405614 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
Why should anyone listen to a newbie with 12 posts?
This bear newbie is right. The bubble is popping. People start to understand that this level of price doesn't mean anything.
NEXT STEP ==> 100$ and below.
LOL. bears/newbie trolls really trying hard on here last few days.
167.
Post 8406176 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
LOL. bears/newbie trolls really trying hard on here last few days.
Oh yeah sure. I'll quote this over and over when we are at 95$.... NEXT WEEK
Why would we be? Has something fundamentally changed with the protocol? Has the US regulatory framework suddenly become hostile towards bitcoin? Has anything fundamentally bad occurred in the bitcoin news sphere?
The answer is no because this is technical selling and buying to take money from leveraged minnows and weak handed speculators like you
The only reason you are cheering on any price decline is so you can buy some for yourself. Admit it.
168.
Post 8406364 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
Hey guys, it is my understanding that with the Bitfinex policy change that you can actually short more than you used to be able to AND the margin calls come slightly earlier. This would be a non-issue if we were still trending up, but keep a look out for this.
You used to be able to get effectively 3.33 leverage on a long by buying bitcoin and then longing with the bitcoin as collateral. However, that equation doesn't work out as unless you can short without a margin account (that I don't know!!!!! So somebody clean up this thought and in the meantime take this with a grain of salt).
On this point... it now says that I have a tradable balance, but it isn't letting me short any further -- it is cutting me off at the old 2.5 leverage mark despite the system showing the change.
=S
UPDATE... system caught up... was able to short all the way.
If you really are a newbie be careful with leverage. Most people (myself included) have been burned by the market whipsawing or hitting stops with huge unexpected moves. Bitcoin is scary volatile. Good luck!
169.
Post 8406503 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
Why would we be? Has something fundamentally changed with the protocol? Has the US regulatory framework suddenly become hostile towards bitcoin? Has anything fundamentally bad occurred in the bitcoin news sphere?
The answer is no because this is technical selling and buying to take money from leveraged minnows and weak handed speculators like you
The only reason you are cheering on any price decline is so you can buy some for yourself. Admit it.
that's right, nothing has fundamentally changed with the protocol since last year when each coin was less than $100 in value. So that's where we're headed back to!
Why stop there? Nothing has fundamentally changed with the protocol since 2009. Bitcoin to 0?
Forget merchant adoption, 1/4 billion vc money, rising transactions and wallet numbers, increasingly secure mining infrastructure. LOL.
170.
Post 8406716 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
See what I mean
Ha.
171.
Post 8420857 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
I still don't get this dump..
Like why did we go from $590 last week to $309 without any big news?
Price driven down by sellers with something to gain. The gain of course is more bitcoin. Expect the price to rise and rise sharply when sentiment on here is at rock bottom. If the price bounces back upwards over the next few weeks and takes 680 then we have a confirmed uptrend which will only be obvious in the rear view mirror.
172.
Post 8420927 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
for all the talk of "short squeezes" on this forum, clearly the real danger from watching BFX and BTCE is leveraging long. we have seen these wipeouts before... and we will see them again, IMO.
Noone can predict the future. But shorting bitcoin at these levels is for people who can move the market or traders who haven't been round the block yet!
173.
Post 8422003 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
Bubble isn't going to happen... probably never, but it's certainly going to be a long time at least. People cutting their loose now, Much better places to stick your cash for the next 6 months while we wait to see where this goes.
You registered here two days ago. Forgive me if i take every word you write with a pinch of salt. If it isn't going to rise again, why do you want to buy in lower?
174.
Post 8422298 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
Bubble isn't going to happen... probably never, but it's certainly going to be a long time at least. People cutting their loose now, Much better places to stick your cash for the next 6 months while we wait to see where this goes.
You registered here two days ago. Forgive me if i take every word you write with a pinch of salt. If it isn't going to rise again, why do you want to buy in lower?
You can trust me because I bring forth an outsider's view of bitcoin. For the past year, people here have been brainwashed by the echo chamber, they have no ability to think rationally anymore!
Fairly sure you are a) not an outsider, and b) probably operate more than one similar account on btc. Who are you really?
175.
Post 8422834 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
i don't know what is worse:
this catastrophic price movement (i am losing a fortune)
or
that those goddammbeartrolls were right.
I am reminded of the line from battlestar galactica, "All this has happened before, all this will happen again".
176.
Post 8429475 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.06h):
Just read the last ten pages or so. Sentiment at rock bottom. Trolls doing their thing.
Bottom must be near. Still less than 30 bucks from a 5xx handle.
177.
Post 8439862 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.07h):
Full disclosure:
I've received the agreed amount of bitcoins from my employer (a very wealthy entrepreneur who took part in the Silk Road auction and requested my services to create an orchestrated FUD campaign so that he could buy in cheap). Good luck all, see you at one thousand dollars!
Welcome to ignore.
178.
Post 8458361 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.07h):
The silence from the bear trolls is deafening.
Hopefully a few got caught short today! Time for a squeeze.
179.
Post 8504408 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.08h):
Price pushed below psychologically import 500 handle by a small dump on a quiet saturday. Yawn. Back to deciding what boat to buy next.
180.
Post 8504634 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.08h):
^ how much?
1 mill, give or take
I prefer yachts. I am looking at between 35 and 45 feet. Need to be able to sail it singlehanded - the missus is not capable!
181.
Post 8525222 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.08h):
i was looking at bitfinex for a while and it is just absurd...
.
.
.
it's crazy...like people actually want to lose money
When people throw money at you, accept it with a smile.
I expect that nearly everyone here is a long-term bull. I can't think of a justification for btc being in the 400's, except market malfunction. Everything in fundamental analysis is golden. Sentiment analysis changes everyday: moon, hell, moon, hell. Technical analysis seems to be broken most of the time because this such an emotion-driven market. After Dell, Global Payments, the Ebay subsidiary, etc., etc., etc., good news after good news after good news, does it make sense that btc is selling for 495 or 500? I think no. I stopped trading, bought a long term position and will wait for the top.
Smile, buy coins, be gracious when the price goes back up.
Excellent post.
Every trader here knows the market is so thin a few million dollars can move it in any direction. Fundamentals are sound. Price action has dislocated from the fundamentals IMO and is likely oversold. Trying to catch every little draft up and down in a market like bitcoin is crazy. Unless the trend of the last 5 years is finished then bitcoin will sometime soon(ish!) go berzerk again.
182.
Post 8596592 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.09h):
Both we know, that a bear is not something static. The bad and clever bear only had to sell his coins on ~1000 and bought back on ~400 to have 2,5x more coins (on only one swing).
Reading "bears never learn" after a long and hard bear/consolidation market makes me a bit afraid, that market participants are losing touch with reality.
No, I don't think we will fall to levels of oblivion and I hope we will build up a stable base between 400 - 600.
[...]
The mysterious thing is that a lot of your bears will be on board of your CCMF, if and when it comes. Quite likely they would be one reason (if not the reason) of your CCMF.
Very much to the point. Really appreciate your posts in general in this thread, btw.
There was a discussion in here a while ago if it even makes sense to talk about "bulls" vs. "bears", or whether that's a gross simplification that should be avoided.. I suggested the following distinction:
(a) that as a successful trader or investor, you should strive to fall into neither camp, i.e. stay as objective wrt the market as possible, and
(b) that the only ones actually
deserving the label "bull" (or "bear") are those who accuse others loudly of being a "bear" (or "bull", respectively).
(don't complain. it only looks like a paradoxical definition.)It made sense to be a bear when the price was +900 USD and trolls screamed buy buy, but now when we are at the bottom, it doesn't make sense. Anyways, it is your choice.
Assuming that we're at the (absolute) bottom is your choice, just as well. And, to be honest, I still hear a lot of screaming "buy now or you'll miss the train". In fact, more than before perhaps.
Which was exactly schickeria's point by the way (if I understood him correctly). What you call "bears" are, often enough, more cautious traders/investors. They will eventually get back on board, if there's a clearer sign that we're back in rally territory. Them staying cautious now is kinda understandable then, no?
Also, to be clear on this: I'm not advocating selling now if you're planning to only make a trade once or twice a year. Entry prices of mid, maybe high 400s are probably safe for the coming months, on average (as in: even if we dip back into that region, I doubt we'll get stuck there). But I also sneer at the idea that the next "bubble" is just a month away. The market is still absolutely shaken. We either consolidate for another few months at least, with a weak upwards trend at best, or, maybe preferably, we take another plunge down. (I say "preferably", because a really dramatic crash could bring out the fiat sitting on the sidelines, and get some volume back into the market.)
There seems to be far more people screaming 'sell now or you'll lo
ose everything' than bulls around, certainly on here anyway. Every day the price fails to bubble weak hands leave the market and coins are redistributed to those who are prepared to wait.
There is no sign of a bubble right now, but a month in bitcoin is a very long time..
183.
Post 8596823 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.09h):
There seems to be far more people screaming 'sell now or you'll loose everything' than bulls around, certainly on here anyway.
I don't even count people like fallling or dump3r, if that's who you have in mind. I have them on ignore, as they're barely literate.
Among the literate, non-trolling posters, yes, I do believe the majority is too optimistic for the short term.
Keep in mind, I replied to a post by schickeria who complained that in a market like this (consolidation at best, continued bear market at worst) posts like Klee's "Bears never gonna learn" start sounding delusional. I agree with that, even when I'm long-term extremely optimistic for Bitcoin.
I guess its all about timeframes. 'Bears never gonna learn' if you think in years and look back over the charts. In the short term, then i would agree it sounds a bit farfetched.
The thing about bubbles is they aren't usually well anticipated by market participants at the time, though it is obvious in the rear view mirror. All it would take to get every bear on here buying back in is some market positive news with associated heavy buying (gabi, etf, google integrating bitcoin into a wallet, amazon or ebay directly integrating btc) to shove the price up past 680 into the 7xx's. Then suddenly the bottom was obviously in at 33x. Or we could dive down again. Either way I will accumulate further..
184.
Post 8610929 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.09h):
lets break $470 quickly
it might yo yo there and back once or twice...
damn it!
I know it is your thread Adam, but do you have to quote it?
185.
Post 8611197 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.09h):
So let's call out everyone that said they were buying if we dipped to $480.
Why buy now, according to fallling we can have free coins sooner rather than later.
You do realize that falling has been the one voice of reason among a bunch of permabulls here who in concert scream "buy more and hold because loosing money is great and the price will surely go back up"?
Perhaps with the right major crisis the nations will accept the GNU World Order but I don't see that as likely.
Now consider this:
* LTC is traded at $4.855
* The total supply of LTC will be 4 times that of BTC. Thus, the price LTC should be 1/4th of the fair price of a BTC
* 4.855*4 =
$19.42 Fake doom mongering trolls aren't a voice of reason. This is a btc thread and forum.
186.
Post 8611388 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.09h):
What is driving the market, right now. During the last downturn it was pretty clear that a mixture of fear and TA were spot on. However, TA doesn't seem to be so applicable outside of a rout. So, what the hell is really driving the price, here. Is there some bad news we don't know about because there seems to not only be good news coming out, but less than priced in good news.
What was "driving the market" between end of 2011 and end of 2012?
Mostly price stagnation, and when there's finally a decent rally (to $16), it gets dumped back to half of that. And keep in mind, at that point, the "ATH" was $32, by that time about 1.5 years in the past.
Sorry, but "stagnation" sounds more like description, rather than explanation
What was driving the stagnation? Would it be too tinfoil to suggest that it was coins, stolen from MtGox, sold gradually?
Not sure I agree. I understand the desire to read the market in more fundamental ways, to understand "reasons" for price movements, but most of the time, that line of reasoning goes back to fundamentals and news - and that, in my experience and opinion, misses a big part of what actually drives the market more than half the time.
Anyway, I'm sure there is a narrative for the stagnation period of 2012 that is slightly more explanatory. In essence: necessary consolidation after an extremely volatile period ($1 -> $32 -> $2), together with the fact that no "real world" events took place that were strong enough to overcome that market sentiment (like: Argentinians decide big time to use btc as an inflation hedge).
As for a possible (partial) explanation of the current stagnation, see my point below...
Plus, while I don't have the tools to test this hypothesis, I consider it completely possible that a price suppression regimen is in place, by large accumulating entities (i.e. buying off-exchange at roughly market price, selling a portion on-exchange to suppress market price, repeat). I know it's what I would do if I would plan to buy in to the tune of 100k coins now.
I suspect it can't be done for long. OTC market, just like exchange market, has its own depth chart, it's just invisible. Big OTC purchases would drive OTC price up. OTC market would run out of cheap coins. And miners would start arbitraging: Sell 100K coins off-exchange to suppressors for $550, bought them back from them on-exchange for 500$, rinse, repeat
I don't claim I believe with certainty that this is going on, I am submitting that, if a large enough entity (or several) would plan to buy large amounts of coins, and have some patience, this would probably a scenario worth exploring. In terms of tax efficiency, waiting for the ETF would probably be the better choice, but in terms of price control, the method I described would in principle beat a fund that is, ultimately, positive feedback linked to the markets.
I disagree that miners would prevent this taking place. No disrespect to miners, they're the backbone of the network, but amateur miners seem to be not necessarily the most economically rational actors. Go look around in this forum how often the fall for the fallacy: 'It's sunk cost anyway, I'll let my outdated miners run as long as they produce coins', and how often more economically minded users need to tell them that the actual calculation needs to be based on total cost of future production of coins (mainly: energy costs) vs. number of coins bought at market for the same costs.
Larger mining operations are undoubtedly much more economically savvy, but I've argued over and over again that I believe that, with the increasing "professionalization" of Bitcoin and Bitcoin mining, short-term profit opportunity will probably outclass long-term speculative investment. In other words: large miners sell more than they hold,
especially considering that we are currently nowhere near a new uncontested bull market (which means the ratio of sold vs. held coins can change if the market sentiment changes, and miners might hold more than they sell if they feel it's a sure thing price will go up.)
Finally, we have plenty of evidence that public market price as determined by on exchange trading is a major reference point for off exchange transactions (just one example: the SR coin auction, where every party that spoke on it refered to "the market price" as if it were the obvious metric). Binding a large mining operation to you in a mid to long-term contract, maybe even offering a premium (although, from hearsay, I've only heard of large holders being made
sub market offers, off exchange), then using some fraction of the coins to strategically depress price, would seem like a very good strategy to me, and relatively risk free: if it works, market price stays low, and accumulation proceeds at a low cost. If it fails, and price refuses to be depressed, the account value of coins gained so far appreciates, which is a sweet little consolation price.
Arbitrage by miners could throw a spanner in the works of this mechanism, but profits would be comparably marginal: the goal of the accumulator is not to destroy the on-exchange price, just to keep a lid on it. For the arbitreur miner, the reward is small (sold his coins at market price, is able to buy them back
slightly below perhaps), and more importantly: for the large operations, the initial problem would re-appear - what to do with a large amount of coins, when you in reality prefer to hold USD (by my assumption that professional mining operations are short-term opportunistic, and not long-term married to Bitcoin success).
It's a tragedy of the commons style scenario: presumably, miners would be better off selling directly on the exchanges, since the higher volume generated there would ultimately drive up price, but individually, they fear the risk of lower profits because of increased selling pressure on exchange, so they seek arrangements off exchange.
I'll say it one more time: The above is (motivated, I think) speculation. I make no claim this is necessarily happening. I only point out that I believe it is a possible, maybe even probable, mechanism taking place, accounting - at least partially - for the current stagnation period.
Interesting
Both interesting and extremely likely. We know that at least one bank was planning to bid for US marshalls coins.
Oda says the goal of the accumulator is to keep a lid on prices. But if you think about it, it is possible to actually depress exchange prices with enough selling power if you are not seeking profit. In fact in such a thin market a bad actor such as a rogue central or private bank could easily both build a large % of bitcoin holdings OTC whilst simultaneously attacking the price on exchange with coordinated technical selling.
187.
Post 8712032 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
Ok, here's a prediction.
BTC will steadily start to rise on the next week. Volume will rise steeply and the price will slowly follow. It will rise till the start of January 2015 and will top around 3000-4000$ per coin.
PPC will rapidly start to rise during the start of next month. NuBits, coming of v0.5 and the overheating of SHA256 mining, will cause a quick bull-run similar to the one that was experienced with LTC. PPC will probably top at around 25$-30$ this year.
The rest of the cryptos is harder to predict, but here are some thoughts. LTC lost it's position with the popularity of scrypt mining and will probably be quite slow. DOGE will also probably rise, because of the active community and aggressive marketing strategies, but it's hard to tell how much will they actually invest for future marketing. Ripple will be the most unstable coin that will experience the highest and the deepest waves. Only recommended to play Ripple if you have professional experience with speculative trading.
In this new seasonal bubble, there will be more of corporate mentality, and technical innovations will be valued over the habits of early adopters.
Cryptos will get organized marketing of better quality. Cryptos won't be the oddballs of the financial world, where respected financial advisers consider them as taboo. The subject of cryptos will be publicly discussed with serious analysis. Till then, there were mostly only articles that were radically pro or against cryptos, now we will see more neutrality in public discussions. This in turn will start to raise the subjects of the future perspective of PoW mining, and the practical usability of fixed coin creation.
This post was created on intent to be quoted in the future.
Here is some inspirational music if needed:
http://www.youtube.com/watch?v=PVP6uaiJvSQHave fun and good luck!
Interesting. Any particular trigger you think is likely to start off the upwards momentum?
188.
Post 8716528 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
Alright this is getting pretty scary...its dropping down a lot and thats not a good thing...at this rate do you think it will go back up again?
Yes
189.
Post 8723297 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
Damn, the orderbook has evaporated!
wtf happened!
I will shortly buy some more coins then not check the price for a month.
190.
Post 8723758 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
Damn, the orderbook has evaporated!
wtf happened!
how many times did i tell you? bitcoin is going to nowhere but down, lower and lower cheaper and cheaper to the final capitulation
sell now to cut lose or lose everything
He learnt to spell lose!!
191.
Post 8725709 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
We must be experiencing the lowest buying pressure ever.
The general public completely lost interest in Bitcoin.
I think we are at a point where it's safe to say Bitcoin failed.
If you can give me a good reason why suddenly many people will be interested again and will start buying then feel free to do so.
So looks like you sold again. You really could find better trading entry points..
192.
Post 8726051 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
falling was right
Falling is working for someone who wants to buy thousands of btc at the lowest possible price. So, he could be right now, but he is wrong in the long term.
I am quite sure he is paid in btc for its spamming FUD service.
@Falling: do you hold your btc ?
you still have no idea how serious the situation is aren't you? bitcoin is
on the verge of collapse[/u]
wake up from your "unrealistic get rich quick dream" now or lose everything!Igorr is that really you?
193.
Post 8743966 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
someone would expect the price to go up after the Paypal news, or was it priced in already ?
I think paypal is already priced in, but not the way people would expect: smart money already shorted in anticipation of this news.
Of course these things aren't priced in.
194.
Post 8748310 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
People are becoming very hateful and quarrelsome around here. It's no wonder though, many have put the highest of expectations into specific events/news the past few months, only to be disappointed again and again as they learn (and repeatedly forget) that news doesn't mean shit in a market ruled by sentiment.
The majority here (Speculation) doesn't give a shit about anything other than talking their book.
Was it always this way? I have fond memories of this place in the past, but maybe I've altered my own reality.
If your statement is true and noise increases to 99-100%, then that means this entire forum will become completely worthless in a few years. No one will really come here anymore. Perhaps no one will need to, for any reason, and that will be a good thing.
Without a way to (supposedly) influence people, whatever shall the trolls do?
At least 9 threads on the front page are of the trolling doom mongering variety by the usual suspects. Every thread is infested with trolls and alts talking to each other preaching bearish scenarios. The good news keeps coming meanwhile (PayPal) so fundamentally I think price has dislocated from reality and is extremely oversold.
195.
Post 8749422 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
Just bought lots of coins. Bring it on bears.
196.
Post 8751136 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
Each and every one of you owe me a thank you. I predicted that it was a trap and that we'd stall out around $470... now the rally is developing momentum. Obviously, the market does exactly the opposite of my posts. So, I am going to keep posting that the price must come down. I am doing it all for your sakes. Just saying.
Note: I am still bearish on the market, generally, albeit not so much on today. But, as I said above, that might be a great thing for everybody else.
Why are you bearish when the market is clearly oversold, is a huge way down from ATH in a sea of good news that only a year ago would have been predicted impossible? Sentiment is a fluid thing, if we bust back up through into the 6xx's then watch it turn on a dime.
197.
Post 8753455 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
Price is still floating around 470$. A lot of news, nothing happens about price. :|
Some of us have suspected that someday someone will be wiling to lose money just to discredit Bitcoin. They will intentionally cause volatility and generally lower price. That person is called The Manipulator. Of course this is absurd. Or is it?
Seriously, some of us already know how the future unfolds for Bitcoin, we're just a little fuzzy on the time line. They call us perma-bulls but really it's about the big picture.
*Puts on a tinfoil hat*
It is obvious that a cabal of the central banks has a secret department tasked with inducing volatility in bitcoin, drawing on techniques used intervening in the gold market. We now know that the major commodity and stock exchanges serve central banks directly - not even through trading houses such as JP Morgan. Bitcoin is a direct threat to the fiat system and therefore a dirty tricks campaign started the very day I made my largest btc investment. They began by buying up bitcoin when it was relatively cheap through Mt Gox. This activity was noticed by traders and even named as the Willy Bot. As suspicions became raised they instead changed tack and continued to acquire bitcoins off exchange from miners, whilst constantly dumping on exhange to keep the price from rising. They use the coins they hold to deliberately sell on good news and sell large volumes during technically important market movements. They don't sell to get best price, simply to move the market. As a bad actor in the space losses are irrelevent - the goal is simply to depress the price and extinguish any hope of a bullish recovery in the minds of holders and traders.
A further sub unit of this department exists and is a cyber espionage and social media cell which infiltrates commonly used websites and blogs related to bitcoin. Overwhelmingly negative and false information is spammed globally on a persistent basis using a variety of well worn arguments, insults and ad hominems.
Should this fail the next step will be to link a middle eastern terrorist organisation to bitcoin and/or carry out some form of false flag operation resulting in a global ban on cryptocurrency.
*takes off hat*
Or we could just be in the depths of a bear market
198.
Post 8759273 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
A sudden move up towards 500 and watch those walls melt away and the shorts burn.
199.
Post 8759452 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
A sudden move up towards 500 and watch those walls melt away and the shorts burn.
Still 3.5k to go. And then a lot more back to $600.
I suspect the walls might just disappear with any sustained buying. Some of the walls hanging over us might even be owned by the guys doing the big buys..how anyone trades with leverage in this market i dont know!
200.
Post 8759657 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
Good luck to the guys shorting at 480. Walls slowly disappearing above. So far buying when the paypal news came out was right.
201.
Post 8759760 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
There we go..lets get some momo buying!
1200 coins to 500 on stamp..btfinex 2000
202.
Post 8759798 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.11h):
order book has changed complteley, ask walls were eaten, not removed.
Soon comes the time where the bears who sold at 460-480 must BUY BACK.
Wait for shorts to start closing..
Huobi 1200 away from psychologically important 3000
203.
Post 8775885 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
Capistustation!
Lol.
204.
Post 8778384 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
It can and will change in a heartbeat. We have had all the positive news we could have begged for, so now we wait for the market to mature while adoption fills out. The good times are returning, you can feel it in the air mon.
True, we had very positive news and yet price didn't react which is very bearish and confirms we are still in a long downtrend. Good news only slowed the rate of falling, that's why I think we won't see any significant rally for quite a while. The most optimistic must sell and abandon their hopes before we can go to new highs.
So you can buy in?
205.
Post 8778548 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
It can and will change in a heartbeat. We have had all the positive news we could have begged for, so now we wait for the market to mature while adoption fills out. The good times are returning, you can feel it in the air mon.
True, we had very positive news and yet price didn't react which is very bearish and confirms we are still in a long downtrend. Good news only slowed the rate of falling, that's why I think we won't see any significant rally for quite a while. The most optimistic must sell and abandon their hopes before we can go to new highs.
So you can buy in?
Well, yes.
Timing the market always seems so easy looking at the past. Bit harder in realtime
206.
Post 8779865 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
panic sellers? where are they?
Those with coins to sell hoping to buy back in lower (the bears on here Derpinheimer, dump3r etc..) have already sold.
Who is going to panic dropping 8 dollars on bitstamp anymore? Dumping 1000 coins like that isn't a way to get the best price from a sale, it is a way manipulating the price suddenly downwards to induce further selling. Looks like it hasn't worked so far.
207.
Post 8781079 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
Work with me, Dump3er! We'll try to get there together...
You mean I should help you to establish your ShroomsKit scheme and see normal market behaviours as fanciful conspiracies of whale bear manipulators?
Goat was an annoying troll before establishing himself as a whale.
bitcointalk works like that.
I'm hoping that with the amount of bitcoin I own, I will become a whale in say 3+ years. That will be fun, I'll start trading thousands of bits and trolling.
Whales trading bits..sounds good
208.
Post 8782102 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
NSA has back door installed on all iPhone, and maybe android and Windows computers. even paper wallet is dangerous, because NSA can place back door in network connected printer!
do not trust your bitcoins ANYWHERE. do not be tempted to buy into any false recovery, keep your money in cash or at a bank so that it is safe!
So don't print them! In the words of Shroomskit,"welcome to ignore"
I placed you on ignore already, I don't having time for bitcoin bulls. how does it feel to reach $460 again? give up your false hope for a recovery!
If you had him on ignore falllling it would say this user is currently ignored and not let you reply. Keep up old chap.
209.
Post 8782704 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
Ragnar- one of the few newbies not on my ignore list
Careful. He (Ragnar/Fallling) is garnering your trust. Once your defenses are down, he'll betray you in a dramatic true-believer-realizing-he's-been-duped about-face.
Treacherous, these trolls
I'd much prefer that to bitcoin_is_a_mirages approach, which is just plain boring.
I don't know, i chuckled reading about Warren Buffer.
210.
Post 8787711 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
About 1.6K dumped on Stamp.
Again, where do the coins come from? Someone ask the exchange owner!
About 6000 coins in a coordinated dump on four exchanges. Who has that many coins to play with? Qui bono?
No manipulation here. It's a perfectly natural way to sell for best price with no slippage to perform synchronised large sells into thin order books.
Very unlikely to be a miner or sophisticated seller. Perhaps a hedge fund or malicious actor..
211.
Post 8788779 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
Again a sizeable dump. No follow-through selling from panicked weak hands. If there is no one left to sell then perhaps the bottom is near.
Hopefully get to buy a few more coins at below 500 dollar prices..
212.
Post 8789209 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
Bonus points: Name the revolutionary money service in the pic
I am disqualified, I suppose...
I bought 0.2btc in the above enterprise before he ran off with the funds..
213.
Post 8789571 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
The benefit of being a holder is i can now disappear off for a month and then get the surprise of finding out about the price when i return. The price could be back in the 6xx's or have plumbed new lows. A few low ball bids on stamp just in case.
214.
Post 8792178 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
Yes but if you look at the daily chart, the chart is looking very bearish.
My sell order never filled around $500 and its scary shorting here.
It is looking bearish because someone dumped 6000 coins this morning. Actually the price hasn't moved since.
215.
Post 8793574 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
I just want to commend blitz on reducing the trollery on here last 24 hours..a breath of fresh air.
216.
Post 8797342 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
Does anyone have any thoughts about the CFTC approving bitcoin swaps/derivatives trading?
It is my understanding that derivatives allow betting on the direction of an instrument, but do not involve buying or selling said instrument, instead being simply derived from it. Does this mean it will be used for hedging, to reduce volatility etc? Does this mean it cannot be used to push the price around? Could such derivatives soak up institutional liquidity headed directly for btc or COIN?
Is this good or bad for btc?
217.
Post 8797448 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
Does anyone have any thoughts about the CFTC approving bitcoin swaps/derivatives trading?
It is my understanding that derivatives allow betting on the direction of an instrument, but do not involve buying or selling said instrument, instead being simply derived from it. Does this mean it will be used for hedging, to reduce volatility etc? Does this mean it cannot be used to push the price around? Could such derivatives soak up institutional liquidity headed directly for btc or COIN?
Is this good or bad for btc?
whoa thats not what i understood...
its trading futures contracts, and options (puts and calls).
this is not bets
puts calls and futures are generally used to hedge ( i think )
Ah. Futures.
The gold market seems fairly well cornered on COMEX by the big investment banks. Is there a good reason why they won't be able to naked short the shit out of bitcoin?
218.
Post 8802633 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
^^ This. Looks like that big buy was no whale accumulator, but a/many shorter(s) closing their positions for
low slippage.
Potentailly bearish in reality as 11k was waaay too high for the market to make any significant move down.
Now at 5.5k, there are not enough shorts to squeeze IMO.
What does this mean? I am not very familiar with the technical terms...
That big wall on BFX allowed the majority of the 5k shorts to be closed without moving the price significantly.
Low slippage = executing an order without significantly moving the market - if the wall had not been there, executing a market buy to close those shorts would have wiped out the order book and pushed the price way higher = high slippage
Hence why they were potentially a sitting duck for a short squeeze. Now that they are gone ...
On the other hand it is bullish that they closed them, right?
Even if we won't have such a sudden spike in price.
I'm afraid those shorts were a warranty against the price going down. Shorts are btc sold for usd with the hope of buying back when price goes down, so (i could be wrong as i lack experience there) in my understanding shorts = potential buy pressure on a downtrend.
Now that market went clear of those, with low slippage also, it could very well go down to squeeze longs without that added buy pressure.
Weren't these shorts a speculation of a falling price? So with them closing, they actually buy new BTC and you never buy before a price you personally see as bottom i'd think.
I'd treat this as bullish
Yes it possible to get things upside down if you think about it too much. Closing shorts does indeed mean that coin being bought back to close them has happened. But it also means that the person shorting several thousand contracts has thrown in the towel at this level. If the price were to fall lower they would likely leave them on or buy more.
It seems to me that there is no follow-through selling despite the intermittent dumps from whoever is selling. If it someone trying to move the market for profit then the closure of lots of shorts is a good thing as it may signal that the dumper feels the strategy isnt working anymore. It may be a sign we can move up now. We'll see.
219.
Post 8802935 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
Need a big bull buy on bitstamp to get us moving..
220.
Post 8803092 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
In a veritable sea of good news the decline seems to have stalled.
Looking at a 12 hour chart on bitcoinwisdom of stamp it looks surprisingly bullish. A sequence of higher lows. A move upwards to retest the 680 area (despite the doom mongering reaching an almost overwhelming din on here the last few weeks) looks both possible and if it occurs over the next month would be a nice platform for a potential next move upwards. If that happens then it will look really obvious that the 3xx low was THE low and all the bears will be wondering why they didn't buy in between 3xx and 650
.
221.
Post 8804104 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
Ok. Now a big buy on stamp to get us through this wall!
222.
Post 8806839 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.12h):
Price on stamp poised. Ask walls melted upwards.
223.
Post 8843203 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
Read the thread expecting to see sub 450's with the price imploding - actually 471 on stamp. Lot of noisy bears shorting and talking book. Personally I think anyone trading bitcoin especially on the short side with leverage is insane.
224.
Post 8846947 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
Stamp at 467, finex at 469.
Listening to this thread we are mid crash. Except we aren't. Just a few salivating day traders hoping for a drop to buy back.
What you said about big players accumulating off exchange and keeping prices from accelerating higher is interesting aminorex. If they are a non malicious actor then precipitating a crash is not in their interests either as it will drastically reduce the value of existing holdings.
Big players are also not generally interested in seeing the value of their holdings evaporate on the whim of lots of small fish day traders. A forty thousand bid wall flicked in and out existence in the low 4xx's last week suggesting serious buying power despite what TA may say.
225.
Post 8847104 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
Big players are also not generally interested in seeing the value of their holdings evaporate on the whim of lots of small fish day traders. A forty thousand bid wall flicked in and out existence in the low 4xx's last week suggesting serious buying power despite what TA may say.
I've investigated this claim recently (after reading about it on r/bitcoinmarkets) with people who have complete logs of all past orders set on Bitstamp and no trace of this was found. Where did you see this? My guess is it's a bug with the displaying website like I sometimes had happen to me on bitcoinity or clarkmoody.
Yeah, I've never seen this "40k wall" either. Sounds like nonsense.
Blitz: it was widely discussed on bitcoinmarkets..I can't give you absolute proof (never saw it myself).
Derp: You not seeing it means nothing. Just like your perpetual bearish opinion.
226.
Post 8847988 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
It is getting pretty emotive on here.
Simply suggesting that the price isn't crashing and pointing out that stamp is a mere 3 dollars below this morning gets a proper bashing.
227.
Post 8848223 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
It is getting pretty emotive on here.
Simply suggesting that the price isn't crashing and pointing out that stamp is a mere 3 dollars below this morning gets a proper bashing.
Don't know if that's in response to my answer, but you basically equated "thinking that we're still in a downtrend" with "salivating daytraders".
That's bound to get a reaction
Ha
228.
Post 8849366 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
ok i quit this forum, again. for the 100th time.
Lol,
you lost BTC by trading altcoins, that is why I stopped trading so much with BTC.
Only with some coin and it's enough to enjoy trading altcoins.
you have no idea....
you'll soon admit the future is hold by ripple my friend.
ha! the future is ether, watch and learn.
wanna bet ? Ripple is already integrating this bank at the end of october.
http://en.wikipedia.org/wiki/City_National_Bank_(California)Dozens of other banks will follow. Game over. Remittance market is done. Codius from RippleLabs close the debate about contracts. GAME OVER!
banks!?
what banks???
welcome to bitcoin!
Ah so mah was that hugely irritating 'wanna bet' troll earlier in the year?
229.
Post 8858181 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
Lots of panic in here. Fear palpable. Trolls reactivated.
Stay calm people! We have to go down before we can decisively reverse and get the momo traders onboard.
230.
Post 8858316 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
Final capitulation on sight.
Prices falling.
We are going nowhere but down.
Lose all your hope
Haha
231.
Post 8858357 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
sell wall is growing by the minute
expect big drop today $430 should be reasonable.
Perhaps then you can buy in and STFU
232.
Post 8858920 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
16K BTC to $600 VS 17.5K to $100 @ Bitstamp... really comforting.
Crazy stuff. This doesn't exactly seems like a healthy market. Where are all the sells coming from?
At any rate, these phases are necessary to further distribute the Bitcoins over the world (cause that is what this is).
24K
BTC to $100 and 9K
BTC to $600 @ Bitfinex.... I am ignoring the fact that usually when the price move a bit up, more Asks build near the target price.....
conclusion: the tension in the crypto market is not healthy at all, it gives me the impression of a coming/near collapse !!
Collapse? You must be joking lol. It will not significantly (not that word!) collapse.
a "crash" from $460 to $150 is considered a collapse IMO, which is very possible looking to this thin book order.
I would sell my house, my car, and all my toys and buy the shit out of bitcoin if we go below 200.
Then we likely won't drop anywhere near that far. Noone is even sure why the price continues to slide. Bitcoin looking cheap again that's for sure.
233.
Post 8862164 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
Dipped again, bought again. Cheap coins for everyone who wants them!
Obviously no one
The fact that the price has been sustained at, or above $450 for a while, with more BTC being created daily, shows plenty of people want them.
Really ? I cant remember since when the price was/is sustained @ $450, wait... is it since the time it was $550 and you said we will never see $500 again, or is it since the time the price was $650 and you said you feel a bubble forming ?
cant really blame you, people are just desperate..... meanwhile lets do something fun, you ask your inspiration (risto, for readers who doesn't know) about how many coins he still hold and he have to sign a message were coins are contained, and come back to me with the answer and I will make it more fun and interesting with few other facts.
So what a fair price would be for you?
Please don't quote it!
234.
Post 8863285 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
monkey says buy now. i buy.
Yep, nibbled again. Cannot bring myself to take a giant bite yet..
235.
Post 8864019 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
...you ask your inspiration (risto, for readers who doesn't know)...
His followers think the world of him...
[img]shameless FUD[img]
Risto's trend line is at ~$2,500 now. There has never been a better time to buy bitcoin! This happens every cycle: everyone becomes convinced that bitcoin is finished, and then it rises again!
if anyone said the above, he wouldnt be considered as a troll, but because I speak common sense and use my brain cells I am a troll. well a troll is a common adjective in this sub forum, so be it
I am a troll If you don't like bitcoin, then why don't you just leave? This place is for bitcoin believers... those who can hold and not worry about the price 24 hours a day. If you think bitcoin is going down, then maybe bitcoin isn't for you. We really need the mods to start weeding these trolls out, so much FUD around here.
If you dont like people speculating then you are wrong here. It is very obvious that bitcoin is still expensive at these levels and it is people like you pushing others into their despair. Stupid noob. Second Person in ignore in three years. Quite an achievement. Good bye cultist...
Why is it very obvious bitcoin is expensive at these levels? It has been higher than these levels nearly the entire year. Oh right - you want to buy back a bit lower where you deem a fair price to be. Good luck!
236.
Post 8864364 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
short are spiking even higher
now breaking 8K BTC in shorts
everyone cut your looses~!
Are you really this emotional adam?
237.
Post 8864441 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
short are spiking even higher
now breaking 8K BTC in shorts
everyone cut your looses~!
Are you really this emotional adam?
YES!
no
idk
* shits a brick *
I'll have whatever HE is having!
238.
Post 8866071 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
Any pocket money flowing into alts will come right back to btc at the first sign of upwards movement.
Whoever pushed us down this far can make their next move. Unless it is a central bank fucking with the price then we go back up, and hard.
If buying at market lows was easy everyone would do it!
239.
Post 8866110 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
Incidentally previously someone was watching a few whale addresses to see if they were accumulating or selling during major market movements. It would be interesting to see some up to date analysis with regard to this.
240.
Post 8866122 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
...
I maintain my earlier point, however, if there are means to identify problems (such as manipulation, if it is taking place in ways that are outside of "acceptable" limits) and then to figure out the least intrusive ways to resolve such problems - sometimes that may mean that the best way is to establish some kind of an oversight body... that has teeth that will minimize and/or prevent the problems (if manipulation rises to such level to be deemed a problem).
Sure. Bitcoin community is slowly reinventing the wheel. Unregulated markets caused problems, that's why people invented regulations and regulated them.
Maybe we are saying, more or less, the same thing but using slightly different wording and emphasis?
Regulation is NOT some foreign outside force that comes in and ruins the party - frequently what happens with any kind of community intervention (if you want to call it regulation) is that a problem evolves and is identified. Sometimes problems are identified as similar to earlier problems and the same (or similar) rules, policies and/or practices can be used to address the new problems, and other times complete rethinking needs to take place in order to address the newly evolving circumstances - and sometimes, through this whole process, communities will come to realize that their previous rules and/or practices were all fucked up...
Surely, with bitcoin there is both new and old mixed in and there are a variety of mixed public policy incentives, including whether the government should consider bitcoin to be a friend or a foe.. and there can be both good and evil driving forces that are affecting the direction... regarding what actions should be taken, if any.
Surely, it is really cruel and evil if somebody like Mark Karpeles runs off with your coins (if that is what really happened), but it also could be cruel and evil if the US government was involved in manipulating and or stealing those GOX coins or having some kind of hand in what happened with GOX. It may take some time before we find out, that is if the full and true story ever comes out.
I wonder where would we be if not collapse of mtgox. $2000 ? or more ? Maybe some day we will know ...
Karpeles will be looking over his shoulder for a long time to come!
241.
Post 8877770 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
Fuckit I've just broken my rules and majorly bought into a downtrend.
Let's see what happens..
242.
Post 8877795 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.13h):
is it safe to buy now?
Wouldn't bet on that... 1k sell on stamp and we are at 410$.
Problem is that there is no f* support!!
No visible support.
243.
Post 8878297 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
Why are mods deleting threads on here? What do you have to hide?
Actually I commend blitz on his moderating today. Must be tiresome task.
244.
Post 8878874 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
A 1k dump at 417.
Really, that is all you need to know about the market for the last few months.
Yes sophisticated traders often dump 400,000 dollars worth of coins in an instant to obtain best price. Ha.
EDIT: Oh and can the mods please silence that little shit sevvero please..
245.
Post 8879075 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
All the coins dumped on exchange have moved from sellers/manipulators into buyers hands. A quick scan of the orderbooks on bitcoinwisdom reveals a surprising lack of asks.
btc-e 367 coins to 430 (now 400)
stamp 1900 coins to 450 (now 417)
finex 1400 coins to 450 (now 417)
No real buying pressure yet, but when it appears then the price could move upwards a lot faster than downwards methinks..
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Post 8879189 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
Sellers will exhaust soon enough.
247.
Post 8887905 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
Someone has bought a lot of coins over the last few days.
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Post 8889440 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
Interestin chart. The orders are of a normal magnitude, but the asks are much lower than normal.
Presumably there are few asks as the price has fallen so much, so historic asks are off the chart.
The price appears to have stabilised at 400.
Perhaps there was some significant sellers have now exited.
Every weak hand who wanted to sell has. No point selling now. The price is down a lot sure, but a lot of coins have moved hands, we can potentially go up after some meandering round.
249.
Post 8889482 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
Blitz any chance you or the other mods could get newbie jail reinstituted. The proliferation of annoying trolls is ridiculous.
250.
Post 8889619 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
Interestin chart. The orders are of a normal magnitude, but the asks are much lower than normal.
Presumably there are few asks as the price has fallen so much, so historic asks are off the chart.
The price appears to have stabilised at 400.
Perhaps there was some significant sellers have now exited.
Every weak hand who wanted to sell has. No point selling now. The price is down a lot sure, but a lot of coins have moved hands, we can potentially go up after some meandering round.
no more "weak hands" talk plz
thats just a bogus kind of explain movements in markets, i can tell ya that after trading for 20+ years at nymex,nasdaq etc
its just a misleading way of interpreting movements and costs you alot of money in the end
It is pretty clear to me that price drives sentiment with bitcoin. Newsflow is largely irrelevent unless it fits the price direction. The price has been helped down by large speculators and momentum delivered by weak handed holders until a 'crash' develops. Who do you think is buying the coins now?
251.
Post 8890047 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
Yes, we are in an accumulation phase which should reach a crescendo in the short term before we can rally anew.
252.
Post 8890324 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
Me thinks it would be very difficult to challenge 360 let alone 340 - but crazy shit happens since short/long positions entered the market.
Probably we have hit the bottom though, first good sign would be a higher low (and preferably not under 395).
I bought some at 400$, will buy again if we test 430 and bounce back...
I have lived the last 2 crashes too (30$ and 266$) but this one was scary in a lot different way, the circumstances are much different now, BTC must NOT go below 330...
Are you quoting yourself?
I think that bitcoin is on the verge of going mainstream as both an investment asset and a usable internet digital currency. If the price crumbles below $300 we may be waiting until the next halving for a decent bull run.
Mark Karpeles has a lot to answer for.
253.
Post 8890352 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
Quick poll: should i use my remaining fiat to buy in now?
254.
Post 8891036 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
Why are we hanging around $400 now? Prices are way too high still. Last winter, $400 would have sounded good... but a year of bear market later, $400 for a digital token sounds like a joke. Nobody will be buying at these prices!
Given the market sentiment, the "true value" should be no more than $250 right now, so we still have quite a ways to go.
Are you really that stupid?
255.
Post 8898642 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
anyone else not particularly convinced? lol
I can't wait for the real "oh shit I should have bought back in" feeling that at some point should hit all the dumpers.
Wait for Tuesday.
When the market starts moving as you expect (in this case down) a lot of participants feel validated and believe their own predictions to be accurate. If the majority of bears (who already sold or are short..same thing) predict they will buy in at 350 or below then what is forgotten is that they no longer exert any effect on the market price. (Except by trying to shift sentiment by trolling). The market usually disappoints the majority
256.
Post 8899311 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.14h):
BTC please feel free to stay at this price for another month or so, then a several order of magnitude rise would be nice. Thank you.
Just another week would be great
257.
Post 8913479 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
I am thinking i might liquidate some of my share portfolio and buy another 100 coins or so at this price or lower. I am a long term bull and tend to ignore the short term technicals. Unless 'bitcoin is finished' then any price around here or lower is a great entry. I originally bought in march april 2013 and have added on dips this year. Someone talk me out of it!
258.
Post 8913576 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
I am thinking i might liquidate some of my share portfolio and buy another 100 coins or so at this price or lower. I am a long term bull and tend to ignore the short term technicals. Unless 'bitcoin is finished' then any price around here or lower is a great entry. I originally bought in march april 2013 and have added on dips this year. Someone talk me out of it!
don't you have enough coins?
maybe you want to wait for price to go full retard b4 buying?
It wouldn't effect me if the price of bitcoin went to zero particularly (other than disappointment at the failing of a technological marvel). It is one of those situations where IMO there is a great probability of a retest of the ATH before the next halving. It seems strange to me sometimes to keep discipline and maintain a diversified portfolio when an opportunity to get in presents itself like this..Especially when the price could even get better..And no i want more coins
259.
Post 8913664 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Wish we had an etf to invest in already. Then i could buy through my trading account and keep it in my tax free wrapper. Grr.
260.
Post 8914107 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
i'd like to remind everyone that if you buy bitcoin and it goes down on you, you can and should delaire capital loss.
today is a good day to buy. Nah, this definately looks to go further down
Turned bear?
261.
Post 8914539 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Wish we had an etf to invest in already. Then i could buy through my trading account and keep it in my tax free wrapper. Grr.
If it were that easy, everyone would do it - and you'd get a lot fewer.
It's worth the extra clicks and wrapper loss to stock up early.
Yes everyone will do it
262.
Post 8928127 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
one step closer to the edge, you bitches better start dumping.
Yes why are they not dumping? Are bears waiting for someone else to do it or do they think the timing is wrong!?
Seller exhaustion.
Anyone other than a miner who was going to sell has already. Everyone (including all the trolls) screaming the end is nigh sold long ago and actually despite being very vocal exert absolutely no effect on the price whatsoever.
It would be nice to see a high volume reversal after another bear raid below 400 but if we stick here for some time I can see the price moving up without it, given how oversold we are. There are a lot of people wanting to buy back in..
263.
Post 8928754 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
one step closer to the edge, you bitches better start dumping.
Yes why are they not dumping? Are bears waiting for someone else to do it or do they think the timing is wrong!?
Seller exhaustion.
Anyone other than a miner who was going to sell has already. Everyone (including all the trolls) screaming the end is nigh sold long ago and actually despite being very vocal exert absolutely no effect on the price whatsoever.
It would be nice to see a high volume reversal after another bear raid below 400 but if we stick here for some time I can see the price moving up without it, given how oversold we are. There are a lot of people wanting to buy back in..
Sellers don't look to exhausted to me although volume has been lower today compared to previous days. You could be right about sideways movement lead to a rise. This is kind of what I was hoping for and why a bought a small amount (also because I always like to buy a little at the bottom of ascending lines). Also the whipsawed could indicate a change.. Although I think that whipsawing indicates in bull markets indicate that a bear market is on the horizon?
On the horizon? I think we have had the vast majority of the bear market! This is the full stop at the end of the sentence
264.
Post 8929773 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
I'd like a certain prediction please. Someone with the gut to say "we're going up" or "we're going down". Dumping or buying at this volume is just a joke. What exactly are we talking about here? mBTCs per HOUR? I think I will pass for a couple of days...
https://bitcoinwisdom.com/markets/bitstamp/btcusdWe're going sideways, then down, then sideways, then down, etc. It can only be stopped by stamp installing Willy (China can't because PBOC will be pissed) and tricking the world into believing that the world is going nuts for bitcoin (lol).
All trends go on forever. Quite right old chap.
265.
Post 8939041 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Goodbye Bitcoin it was nice knowing you !!!
Have just cashed out and dont think I will be coming back :-( seems like the whales are killing the geese that lay the golden eggs !!!
Nice try.
I am 100% serious
If you need your money fine. Not sure selling below 400 is a great price.
266.
Post 8942163 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Nice little buy after the paypal news.
If we get some upward momentum from a short squeeze and bears rebuying then this could bounce quickly. Perhaps.
267.
Post 8942456 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
How much further up until the shorts are squeeeeeezed ?
268.
Post 8942653 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Lots of pent up buyers waiting to jump in..
269.
Post 8942857 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
I want everyone holding bitcoin to do well. But a tiny part of me is hoping that falllling/sevvero/exocytosis etc got caught in this move. Yes i am a bad person.
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Post 8942985 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
271.
Post 8943172 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Dead cat bounce.
350 in a couple of days.
You hope so lol.
272.
Post 8943234 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Do you guys really think the buying public is going to turn on a dime after getting screwed so hard on the last rally, in a bearish downtrend, just because some dumbass rich people decided they'd drop a few million? Or that these institutions and whales have enough fiat to keep this afloat (as if they want to?) for however long it'll take to rebuild the public perception of BTC? Man they've got a lot of you trained good. Hope you all didn't panic buy too much.
Price leads sentiment. You may correlate the newsflow with market movements but they aren't really relevent. If the price starts going up bitcoin will do its thing - again.
273.
Post 8943286 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Do you guys really think the buying public is going to turn on a dime after getting screwed so hard on the last rally, in a bearish downtrend, just because some dumbass rich people decided they'd drop a few million? Or that these institutions and whales have enough fiat to keep this afloat (as if they want to?) for however long it'll take to rebuild the public perception of BTC? Man they've got a lot of you trained good. Hope you all didn't panic buy too much.
Price leads sentiment. You may correlate the newsflow with market movements but they aren't really relevent. If the price starts going up bitcoin will do its thing - again.
No offense, but you're delusional if you disagree with me.
Ha. I must be deluded then. Yes you are right all bear markets continue forever. You think the general public buys the bottom of a bear market? Really?
274.
Post 8943397 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Do you guys really think the buying public is going to turn on a dime after getting screwed so hard on the last rally, in a bearish downtrend, just because some dumbass rich people decided they'd drop a few million? Or that these institutions and whales have enough fiat to keep this afloat (as if they want to?) for however long it'll take to rebuild the public perception of BTC? Man they've got a lot of you trained good. Hope you all didn't panic buy too much.
Price leads sentiment. You may correlate the newsflow with market movements but they aren't really relevent. If the price starts going up bitcoin will do its thing - again.
No offense, but you're delusional if you disagree with me.
Ha. I must be deluded then. Yes you are right all bear markets continue forever. You think the general public buys the bottom of a bear market? Really?
I'm not suggesting that bear markets continue forever, but they don't rebound off a slaughter within 30 minutes, either.
Lets see what happens. But you ignored my point which was that at times like this when the FT is announcing the end of bitcoin the great unwashed are not out and about value investing in bitcoin. They will buy back in much later.
275.
Post 8943456 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Now for the encore..
276.
Post 8943508 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Steady buying from those people who didn't see the news right away. Bitcoin moves fast.
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Post 8943669 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
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Post 8943815 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Yep likely further attempt on 450 soon if that fails to hold then the shorts will begin to burn..
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Post 8944116 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Only people with coins can dump
280.
Post 8944186 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Only people with coins can dump
Nope, i just took a dump
Ha. True.
In other news we can expect the bears to start posting something, anything to encourage others to sell
281.
Post 8944272 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
bitfinex finally updated
shorts:
was 11,325.44 BTC
now 10,604.50 BTC
~750 coins covered thats it!?
run for your lives!!!!
What percentage of these coins are for walls and what already sold?
That is great news. Huge number of coins still to be rebought as they are closed if the price moves slightly further up.
282.
Post 8946183 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Was Loaded's cryptic smiley a 'blue horseshoe loves' moment earlier?
283.
Post 8959137 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.15h):
Well we should hopefully start to drift upwards. Just need a little prod. If we can get above and hold 450 then bears will start to sweat! Doubt is already percolating through
284.
Post 8969091 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
No one has a crystal ball price could do anything up or down.
monkey does. he wants it down for another week.
Why?
285.
Post 8970375 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
No one has a crystal ball price could do anything up or down.
monkey does. he wants it down for another week.
Would poking him with a pointy stick make him change his mind? Or monkey hookers and cocaine?
EDIT: Gold has a rocket up its arse and the dow is back on course with its plummet, should be a push up but I'm not about to doubt the monkeys wisdom.
Gold has been bouncing off the $1200 mark for past year and a half or so.... last time it went this low (it hit $1208.xx) was in July 2010, support seems strong enough at $1200 for a bounce off here ($1221 a moment ago) if it continues this will be its third bounce off of $1200, remains to be seen if it manages to break $1400 this time around...
It seems like its caught by the balls but I've a feeling something big is happening at the mo. The ESF isn't the only one pushing markets around, there's an economic war being fought on them and I think the drop after the US found an excuse to drop bombs on Syria may have been an escalation. In that regard Bitcoin is a bomb ready to go off any time, its another chink in the dollars world reserve armour.
Indeed, Gold is overdue a big move to the upside and it will come eventually, and is being pushed around at the moment and as you say not just the ESF, but it has got to give eventually, been a lot of accumulating going on past few years at a state level, looks like some players are considering a return to a partial gold standard and a basket of currencies taking the place of the dollar as world reserve. I think you are right, BTC could play a role in this as the currency wars continue to pan out, gold already is already fully in play, as is the printing press of course. If the perfect storm occurs the next proper move to the upside, when the time is right will surely take gold up past $1800 and on towards $3000+.
What if the state level accumulation was primarily short covering?
In Chinas case I do not think that is what is habbenang... sure some of the buying and this rally (and the previous few) did have a bump from shorts being covered, but China is looking like it may make a move to float the yuan and make it partially tied to gold, and they have been buying accordingly, other nations from Europe to the middle east have also been making noises. With the trillion dollars being printed a year by the US at the moment it is musical chairs time.... China is looking forward to what happens when the music stops.
China still holds trillions of US treasuries, no?
286.
Post 8976885 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
it means the mission to infest bitcointalk and sway it into a bitcoin-negative site is working ... Jorge and the team will get their bonuses from Uncle Sam
I wonder why it turns out this way. Initially it was such a quality forum. People meant what they say and you can see that they actually think before they say. Right now, there are so many troll accounts with so many sub-quality posts.
Trolls and newcomers that got burned cause they invested on the ATH in December. Now they come here and vent...
It's only a burn if you sell!
287.
Post 8979053 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Time to buy!
288.
Post 8982667 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Without watching all of that, Jim Rickards tends to be very dismissive of BTC. Has he changed his opinion now?
I didn't see him mention it at all. He is concerned about central banks having huge balance sheets and being over leveraged. I didn't see a convincing argument why it does matter that central banks are technically insolvent. After all they can magick new funds and buy assets onto there balance sheets at will (see 2008 - now). What is to stop them simply doubling down (again) and printing currency to make up for private credit?
289.
Post 8982711 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
ok you've got my intention there, this suggest that you have most of the issues figured out, how do you think we will solve:
1-The Block size limit when the number of transaction/minute is 100 times higher than today.
2-The block chain size when it exceeds 200GB or 1TB ? most users or services will have to use clusters of storage, if the adoption rate picks up this has to be fixed really fast.
3-The energy waste, it has been known that when the price goes up mining becomes more profitable and more resources are brought online...resources that most of us consider wasted, as of today the hashrate is more that 250 Petahash/s, assuming that the worst chip on the network consume 0.5w/ghs (which is way too optimistic) this means that at this point miners consume way more than 125 hourly Megawatts... just FYI a typical nuclear plant produce from 500-2000 hourly Megawatts.
4-DDOS attacks: when Bitcoin become bigger, there will be Big services that run the Bitcoind in order to offer their services, organized groups can run denial of service attacks against these services, you can read more about how they can do it in that wiki I provided before.
5-Malleability issue, and don't tell me it is not an issue, because it really is, and it is not fixed yet, they just found some work around it.
6-Double Spending, even if you don't have 51% of the network you can perform double spending with as little as 25% of the network,
7- The 51% attack, we all know what it is, it is achievable, any government can achieve it if they want to kill Bitcoin, even at this point.
8-man in the middle or packet sniffing, also described in that wiki.
There many more issues, but these are the one that concerns me for now. now I would like to hear your solutions.
Two more:
9- The average wait time for 1 confirmation is about 10 minutes; and, in a significant fraction of cases, can be 30 minutes or more. That is too much even for internet payments, and is unacceptable for shopping at brick-and-mortar stores. (In contrast, verification and payment with a chip-enabled credit card, which is the standard here in Brazil, takes less than 1 minute.)
10- There is no way to correct mistakes (like sending bitcoins to the wrong address) or to recover stolen coins.
There is also the question of security against theft, but I am tired of arguing the obvious there...
FUD alert! Have you ever bought anything with bitcoin? lol.
290.
Post 8983150 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
These sort of people would never dare post in such an area, because the opposition to their tired unsophisticated "critiques" would get completely decimated and ignored by people with any kind of subject matter expertise.
And it is exactly this sort of reply by "bitcoin experts" (the kind who claim that paying with BitPay or Coinbase is "paying with bitcoin") that keeps most people away from bitcoin.
Don't be silly professor. Most people have never heard of bitcoin except superficially, nor do they understand it's properties or obvious advantages over fiat currency. I bought a takeaway last night from my blockchain.info wallet using my smartphone via bitpay. It was seamless, instantaneous and flawless. That is typical of the average bitcoin transaction in the future.
291.
Post 8983654 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
This place would be so much better if everyone would just stop quoting idiot stolfi.
It's amazing you guys still don't get it. This isn't about Bitcoin. This is about him getting attention. All you are doing is feeding his need for attention. He will keep saying the opposite of what you say just to get attention.
Why don't you people realize this?
If this thread would be closed he would find another high traffic thread about a much talked about subject. He will read it and then start posting in a way that will make a lot of people reply to him. This can be a forum about candy, seals or trees. He doesn't care. He is obsessed with getting attention and you are giving it to him.
Actually he's a paid troll. He's paid to be here. As I'm sure there are others here as well... starting to think mmitech is a paid troll too, the way he blathers on and on ad nauseum...
Well unlike most of idiots who talk about me being a troll, I actually owned Bitcoin and I actually made good profits and that was achieved by using so commonsense and objectivity.
I am not a Bitcoin die hard cultist and if Bitcoin would crash down and burn that wouldn't change my life style allot... I have a profession that I can start using again anytime,
I was(am) a successful engineer even before I know about Bitcoin.You're really going to come on a pro-bitcoin forum, drag out 4 years old, tired counter-arguments about how Bitcoin is doomed to fail and here are the valid reasons, pat yourself on the back and tell everyone else they lack the objective thinking of your brilliant mind??
That sir, is the purest definition of TROLL that I can think of.
ALL HAIL THE BRILLIANCE OF MMITECH!
Unemployed too it seems.
292.
Post 8989989 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
even though the bulls look pretty weak, i think we can expect somewhat of an upside correction over the next couple days. the bear momentum fizzled out. i don't think we'll get too far, but wouldn't want to be opening shorts here.
My thoughts exactly. Risk reward ratio has shifted away from shorting with the crowd relatively safely. There is a lot of cash on the sidelines from those traders who sold already and are looking to get back in. There are also thousands of short contracts which must be bought back with any sustained buying that develops. The last price jump was a test and it worked. Shorts are now doubting the continuation of the trend, more experienced traders have extricated themselves already. Not long til denzel Washington gif is posted again
293.
Post 8991259 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
294.
Post 8991428 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Good morning, will this be the weekend that we kiss $400 goodbye ? lets see what will happen.
I think we have a few more days to go before that happens, but who knows.
i give it 80% chance we are at 350 or lower by end of next week, and 20% chance we are at 500+
So no chance the price is stable
295.
Post 8994621 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Volume pitiful. Women and children first eh abercrombie?
A quick look at bitcoinwisdom shows the price is still 400.
296.
Post 8995266 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Lot of wishful thinking from bears on here today given the price has 'dipped' all of nothing.
Careful with your shorts boys. Is at least one of you going to be honest and admit you were either stopped out last week in the sudden run up or took a margin call?
297.
Post 8995359 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
I will be interesting to see how this situation will play out.
I don't think BTC or the idea of a decentralized currency is a bubble in itself, but its price certainly was (is).
Important questions we need to ask ourselves:
If BTC dies, will all decentralized cryptocurrencies die too?
To be honest if ApplePay starts to become utilized by the masses and BTC and all cryptocurrencies will be forgotten (and with them all the advantages that cryptos have over traditional means of payments), well, then we will know there's no hope for humanity.
You are asking big questions about the long term outcome of bitcoin based upon very short term market movements, fluctuations really. Far too early to tell how the project will play out. To quote batman from the lego movie, "this is not how batman dies".
The price will turn up. All real selling pressure has left the market, we are just drifting and range trading. When the price fails to keep making major falls and the market turns like it did on a sixpence last week then leveraged shorts are going to be burned badly. Not that they will ever admit it
298.
Post 8995367 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Lot of wishful thinking from bears on here today given the price has 'dipped' all of nothing.
Careful with your shorts boys. Is at least one of you going to be honest and admit you were either stopped out last week in the sudden run up or took a margin call?
Yeah, incredible bull run is happening, market is rock solid. Even I was on the way to think that some bears are getting equal delusional like bulltards, but you are topping always all of the dudes. Worse than a troll (like me).
Where did i mention a bull run happening? The price is the price. But it is obvious the momentum has left the selling. Ultimately very low prices benefit noone except leveraged shorters.
299.
Post 8995799 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
A slight bit of technical relief in the past hour, but we have a falling knife on our hands, here. I am saying nothing, here, about Bitcoin's long-term value. I am saying that this market event is going to pick up, again. There was a small reprieve on the news, but, that failed to hold the market up. Also, the buy back volume is complete dog s---. Don't try to catch a falling knife.
Weren't you caught wrong footed by the last move? Predicting short term market movements is a mugs game..
300.
Post 9001285 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Checking back in and despite the salivating bears and leveraged traders we have gone nowhere. Difficult to exert a market effect if you are already short or have sold eh guys?
I will continue to buy daily until we rise above 400 or my fiat is dwindled. Yep the price could be pushed down another 50 or 100 dollars for a brief moment but ultimately if miners are selling coins to pay bills it is not in their interest to wreck the technicals and prolong the bear market a second longer than necessary. In six months or a year someone will post a thread from this forum from around now and everyone will be saying I wish I'd had the chance to buy in..what was everyone thinking?
301.
Post 9001406 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
I'll buy more if it goes lower and I really hope it does,
Yeah, let's hope so. That way even more sell pressure will be created, and even more people will stay away from Bitcoin.
We know one thing. You cannot create any sell pressure yourself.
302.
Post 9001660 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
The point is that BTC has a lot of VC money invested and I still think it will survive for all the purposes it has over traditional means of payment.
But the the reality of its price seems to be different.
BTC price has left any bullishness whatsoever, and if you can't see this I just hope that if this crashes you won't face financial ruin...
If you are considering BTC as a store of value, be aware that you might be putting your money in a speculative monster made up by bots (willy and markus, i doubt some of the WillyReport conclusions myself but it's a possibility), chinese millionaires, P&D and pure "get rich quick" speculation".
Again, this doesn't mean that BTC as a project is dead or will die, I'm just saying that the price you're paying today for a BTC doesn't seem sustainable at all, and all indications available seem to point to that fact.
Amazing what a bear market does to the psyche. Bitcoin worked perfectly at 1$ and it is working perfectly at $400.
I have always found it fascinating that when a commodity gets cheaper people want it less. It is always true and will be true when bitcoin unexpectedly catches most out and heads upwards again. Every single person who previously sold or didn't want to buy in as they didn't see value in bitcoin at 400 will bite your arm off to buy back in at much higher prices. Madness and delusions of crowds.
303.
Post 9002689 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Thanks to everybody that is selling sub-$400 coins. I will sell that back to you for $10,000 next year
I will buy your coins from you for $50 next year.
Oh so you do want to buy bitcoin despite your constant negative spiel. Quelle surprise!
304.
Post 9002724 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
I'm sensing a lot of downward pressure in the markets right now. Any newbs should sell now, to buy in again when we hit sub 200.
Ha. Give it a rest buddy.
305.
Post 9002820 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Crash coming.
Go for it guys. Short up, sell your stash (oh wait we know you already have).
Lets see the epic crash unfold.
Back in reality it's a slow sunday with virtually no volume whatsoever. This move is meaningless.
306.
Post 9002873 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Crash coming.
Go for it guys. Short up, sell your stash (oh wait we know you already have).
Lets see the epic crash unfold.
Back in reality it's a slow sunday with virtually no volume whatsoever. This move is meaningless.
breaking support at 395 with this kind of volume is a strong buy actually.
I just think its funny the posters cheering on any downward moves and getting vocal all over the forum when they actually have no ability to move the market.
307.
Post 9003188 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Right well that wasn't particularly impressive. Keep up the sterling work forum manipulators! Especially you exocytosis.
308.
Post 9003271 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Right well that wasn't particularly impressive. Keep up the sterling work forum manipulators! Especially you exocytosis.
I'm just stating the facts. Facts that everyone can observe if they glance briefly at the price development and statistics of user adoption.
You don't like the facts? Well, tough luck, because this is a free market, ruled by the simple law of supply and demand. That's why the price will continue falling. And the price doesn't care one bit about the hopes and delusions of cultists or permabulls.
Hilarious. What metrics for user adoption have you glanced briefly at praytell?
If bitcoin is doomed why are you hoping to buy in at a lower price? Not expecting price rises are you? lol
309.
Post 9003280 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
It is just weekend dump
Why so much panic?
Quite.
310.
Post 9003405 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Perma-bulls be like:
Hehe.
Currently being a btc holder with no interest in selling is being a perma-bull on here. When I think the daily low is in I will buy a few more coins too, I must be delusional!
311.
Post 9003495 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
you have to remember that there is more than 13 million Bitcoin in circulation
Well, most of those 13 million coins are locked up in cold storage. Roughly half of them are probably unavailable, since their owners no longer have access to the private keys. The amount of coins actually circulating on the exchanges or in the "greater Bitcoin economy" is somewhere in the tens of thousands, isn't it? Or maybe only in the thousands?
Even with such a small supply, the demand still can't keep up. That gives us a valuable lesson about Bitcoin. We better start learning from that lesson.
Why are you here exocytosis? What is your bitcoin investment strategy? How many coins do you hold?
/holds breath.
312.
Post 9003831 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
an inside source has told me that the coming week is going to be big
Really? And who are you exactly?
He claimed once many moons ago that his group is going to crash bitcoin's price. Can't recall what was the outcome of that.
Now everyone claims the bitcoin price is going to crash. Yawn. ;0
313.
Post 9004057 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
I see a lot of desperate permabulls and cultists trying to lure newbies into their crumbling pyramid scheme.
Where ?
There are some in this very thread. Scroll upwards and look at previous pages.
But to be fair, the writings of cultists and permabulls are entertaining. Especially in a bear market. So I appreciate their input. I truly do.
Permabears calling for crashes and the end of Bitcoin outnumber permabulls 12:1.
Thus the bear market is created
Yes, I mostly see desperation and gloom being sold here. Not really people "luring newbies"...
More subtlety required exocytosis!
314.
Post 9005182 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
The only desperation I can see is from bears praying for the price to fall.
To the average holder this is a time to accumulate coins. More the lower it falls. Do I wish the price was higher? Sure. But when the market turns watch out!
315.
Post 9006464 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
This bounce is your last chance to get out IMHO
Lol. Stop talking your book for just a minute will you..
316.
Post 9006578 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Enjoy it bears. You know it is short lived
317.
Post 9007012 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
someone sent 4K coins to bitstamps
I wouldn't worry. They seem to have another 180,000 handy. Worry when the 180,000 get moved to stamp.
318.
Post 9007069 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Wouldn't mind a pump at this point
Ooh er.
319.
Post 9007098 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
The mother of all crashes, perhaps?
On a sunday?
320.
Post 9007204 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Whales want cheap shares for the next big bubble.
Sure.
Cryptos only have one big parabolic. Altcoins taught me that. Monday half of America will despise Bitcoin
Jesus.
321.
Post 9007292 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Is there really anything new out of China? It being 'banned' is old news, no? More likely it seems that those enormous Bitcoin mining operations that came online recently are selling to pay the bills.
No, it's not that... it's market loosing confidence in Bitcoin. Simple as that. It was obvious that this will happen sooner or later. If someone thought that the bitcoin market will rocket after each crash needs to check his head with a doctor, because situation is not like that at all. With every crash market confidence is getting lower, the hope of another bubble is getting smaller.
So I really believe that this is it... the end.
Well sell and fuck off then? Oh you won't because you don't really believe a word you are typing.
Was it always like this on bitcointalk?
322.
Post 9007327 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
Is there really anything new out of China? It being 'banned' is old news, no? More likely it seems that those enormous Bitcoin mining operations that came online recently are selling to pay the bills.
No, it's not that... it's market loosing confidence in Bitcoin. Simple as that. It was obvious that this will happen sooner or later. If someone thought that the bitcoin market will rocket after each crash needs to check his head with a doctor, because situation is not like that at all. With every crash market confidence is getting lower, the hope of another bubble is getting smaller.
So I really believe that this is it... the end.
Well sell and fuck off then? Oh you won't because you don't really believe a word you are typing.
Was it always like this on bitcointalk?
People have generally been encouraged to speak their minds here, yes
I meant before june 2014. But thanks.
323.
Post 9007539 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
If I sense correctly, it seems now real bulls and early adopters are starting to feel fear or at least getting annoyed and moody. What are those walls pushing us down? Are they organic selling or something else?
Oh, it's the evil banksters manipulating the price of course. You see, according to the cultists: Whenever BTC price goes
down, it's price manipulation. Whenever it goes
up, it's a
healthy market discovering the "true price" of Bitcoin. That's why the cultists always ignore Willybot, Markus and the other Gox bots that created every BTC bubble in the first place. They deny the very existence of those bots, since they don't fit neatly into the narrative of organic growth and a healthy market ruled by supply and demand.
That's why the permabulls and cultists always talk about "bear whales" supposedly "manipulating" the price to buy huge amounts of "cheap coins".
They can't face the simple fact that ordinary people (and smart investors) simply aren't interested in ridiculous internet funbux. And they aren't suddenly gonna become interested, even when the price crashes to single digits, where it rightfully belongs. In fact, they'll be even less interested then than they are now.
You talk as if those bots have been proven to exist. They haven't. You earlier mentioned you are waiting to buy bitcoin at a lower price than it is now. Not sure why you would say that if everything you said above were true. Perhaps you are trying to ..talk the price down.
Shame!
324.
Post 9007588 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.16h):
You earlier mentioned you are waiting to buy bitcoin at a lower price than it is now.
I say a lot of things in jest. I'm probably not gonna buy more bitcoins anytime soon. Because Bitcoin really does seem to be going down, whether we like it or not.
And no, I don't like it.
So why are you here? Posting every few minutes? Curious.
325.
Post 9008382 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Weak hands are getting shaked out.
Ah yes. The good ol weak hands. Which have been shaken out 300 times since 1200 by now.
We obviously need to get all the way to zero before all the weak hands are shaken out!
And then, magically, Bitcoin price will rise to ten thousand dollars in a matter of weeks!
/cultist mode
We have already established that is the only reason you are here talking the price down.
326.
Post 9009740 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Ah, it feels great watching all the cultists panic sell their coins!
Watching BTC crash and burn in real time is a fantastic form of entertainment!
Since you are basically just watching I suppose you have do something to pass the time. I havent sold a coin. Actually i'll buy more as we drop lower.
EDIT: played a few games of DOTA2 and we are down a whole 4 dollars. Hold me.
327.
Post 9009811 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Ah, it feels great watching all the cultists panic sell their coins!
Watching BTC crash and burn in real time is a fantastic form of entertainment!
Since you are basically just watching I suppose you have do something to pass the time. I havent sold a coin. Actually i'll buy more as we drop lower.
EDIT: played a few games of DOTA2 and we are down a whole 4 dollars. Hold me.
Yeah, and later you'll buy my coins, too. I'm accumalting a bit for you.
Cheers. I'm hoping to reach 200 by christmas. If we do dip down anywhere near a 2xx handle then i should achieve it easily. I can only imagine the groundswell of capital which will flow to redistribute coins from muppets selling low. Even selling low now is just a gamble.
328.
Post 9009820 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Ah, it feels great watching all the cultists panic sell their coins!
Watching BTC crash and burn in real time is a fantastic form of entertainment!
i wouldn't call this crash and burn. super boring, minor jitter.
Haven't you read the pantomine handbook to sentiment trolling? You have to be loud and negative and often too, when you haven't actually got any coins to sell.
329.
Post 9009876 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
...
i wouldn't call this crash and burn. super boring, minor jitter.
Twelve more jitters like this one to bring us down to zero
Well the great thing about a manipulated market like bitcoin is that after suppression we get to look forward to a pump.
330.
Post 9009915 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
...
i wouldn't call this crash and burn. super boring, minor jitter.
Twelve more jitters like this one to bring us down to zero
Well the great thing about a manipulated market like bitcoin is that after suppression we get to look forward to a pump.
selling to shroomskit for a 50 $ profit is a good business.
I can't decide to sell to inca or to ShroomsKit
I'll happily take your coins dumper - at the market price of course.
331.
Post 9009953 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
...
i wouldn't call this crash and burn. super boring, minor jitter.
Twelve more jitters like this one to bring us down to zero
Well the great thing about a manipulated market like bitcoin is that after suppression we get to look forward to a pump.
selling to shroomskit for a 50 $ profit is a good business.
I can't decide to sell to inca or to ShroomsKit
I'll happily take your coins dumper - at the market price of course.
Yes of course at the market price. But not at the current market price
We'll see. 30 minutes of buying like last week, followed by another day of rising gains and I am pretty certain you would get FOMO and buy well above the current market price.
332.
Post 9010102 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
As the price declines, it becomes easier for brokers to negotiate lower prices on behalf of their clients to buy bitcoin in large quantities outside the exchanges. We are witnessing a transfer of wealth. The exchanges are so thinly traded that a large institutional trading desk could move the entire bitcoin market. These large corrections have been a part of bitcoin's entire price cycle.
Highly likely. A lot of coins are moving around at or below these prices off exchange. Once this new accumulation has taken place then something like the ETF will be announced or EBAY will directly integrate btc or something and its off to the races. A mania can be whipped up in bitcoin in a few hours of concerted buying. If people think half a billion dollars of VC money is being thrown at bitcoin and noone has thought about the profit potential from actually taking large positions in bitcoin itself then you are in for a surprise.
Edit: though I wish they would hurry up about it..
333.
Post 9012725 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
It is difficult to time a bottom. Bitcoin may never get anywhere near 300..
334.
Post 9012879 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Who the hell dumps on sunday nights? Probably the absolute worst hours to get money for your coin.
People who simply want to move the price.
335.
Post 9012884 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
I am buying 5btc for every 10$ drop, lets see if I get broke!
How much have you bought in the past 2 days?
I started buying @390
5 @390
5 @380
5 @370
You might not see 360
<falllling crap>
336.
Post 9013098 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
All the bears selling and shorting now is really going to create a huge buying pressure once we have a good solid period of green candles. Once all of your coins are gone only the holders and miners will have bitcoins and thus creating a smaller daily supply. I really thank you guys for loading this spring.... when the bitcoin market turns around it's going to be quite an epic price explosion.
We heard that one for how many months now ?
The coins are never "gone". What is being sold today can be again sold tomorrow by the buyers of today. How do you know the buyers of today are holders ? If their expectations are not met, they might very well sell as well.
When you pull too strong on the spring, it bends and breaks.
The majority of the coins being scooped up now aren't being bought by Joe public. At extreme price levels it is the big players who buy low. That is just how markets work.
/r/bitcoin is spammed with troll and doom and gloom.
/r/bitcoinmarkets is near universally bearish
We are gearing up for a flash crash followed by a high volume reversal even exocytosis cannot miss. Where it happens who knows. But like klee I will continue to buy all the way down!
337.
Post 9013692 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
mmitech if you already sold and you believe Bitcoin is doomed, and that we are all complete fools... what are you still doing here?
It's not a rhetorical question, I would honestly like to know.
nope, Bitcoin is not doomed yet, I will re-buy between 150-200, I am a trader and this is what I do, the question is: you Bitcoin cultist holders have the whole fucking forum, we traders have only this sub-forum, I would really appreciate it if you go troll somewhere else while we discuss our things here.
don't fucking tell me to hold and what a bright future Bitcoin has, I know fucking good when I have to hold.
Do you we have to listen to your awful conversation quite so often? He didn't tell you to hold. Ssh.
338.
Post 9013792 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Not sure why you keep posting this?
339.
Post 9013840 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Hey that isn't in the game plan - bitcoin only goes down remember!!
340.
Post 9013912 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
FUck me...I can't believe we've had an 800BTC green candle but all you lot want to do is measure your Phds.
I just answered a direct questions. I don't understand the relevance either. (I just thought it was funny to answer since he was implying I was a uneducated teen. I doesn't seem to have shut him up though
).
I think if we all revealed our day jobs there would be a few surprises. Most of the heroes don't need them of course
341.
Post 9014007 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Last year aoriund this time btc entered the rally
Will history repeat itself?
No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary.
People would have given the same answer last year when the market dropped after SR got taken out
Yeah i am not sure I have seen tzupy every give a bullish response. Then again it has been a long bear market.
342.
Post 9014058 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Last year aoriund this time btc entered the rally
Will history repeat itself?
No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary.
People would have given the same answer last year when the market dropped after SR got taken out
But the SR crash was a totally different situation AND type of crash. The two scenarios have 0 in common.
History rhymes, not repeats.
343.
Post 9014198 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Anyone know if coinfloor has sorted alternate uk banking arrangements?
344.
Post 9015400 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Ok registered and tested it. Pretty slick. Let's see what the credit card charges. Interestingly their processing fee varies depending upon size of deposit. It is so easy my dad could use it.
345.
Post 9015423 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Let's see if market responds positively.
All this is a sliver of what will happen when the ETF comes online of course..
346.
Post 9015518 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
It is an on ramp for btc. And it's a great time to get in as a member of public. 70% off last ATH.
347.
Post 9015569 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
The bit stamp buy was an insider buying in?
348.
Post 9015626 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Tempted to buy again just in case..
349.
Post 9015801 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Worked fine and I'm in the UK
Edit: seen a few posters on reddit who live in eu and it worked fine
350.
Post 9015905 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Iīm sure average Joeīs are killing themselves right now to buy Bitcoins...
Circle might be helpful in an uptrend, but right now....
Are you officially bearish now?
Actually, difficulty buying bitcoins is a major stumbling block for newbies. It cost me a fortune personally. I registered with blockchain.info in nov 2012 then couldn't easily find a way to buy without sending money to someone else's bank account. Didn't try again for three months, very costly indeed.
351.
Post 9016009 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
This (Circle) will have taken at least 12 months (two years, more?) to plan and bring to fruition, so they couldn't have expected to open in such a bearish period. Will their presence increase demand?
It's unlikely IMO, sentiment is going to take a long time to turn around from Gox (which everyone here seems to have forgotten).
So your argument is sentiment will take a long time to change for the great unwashed because of gox, and your closing statement is that we, those most affected by it, have already forgotten gox. Erm.
352.
Post 9016044 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
This (Circle) will have taken at least 12 months (two years, more?) to plan and bring to fruition, so they couldn't have expected to open in such a bearish period. Will their presence increase demand?
It's unlikely IMO, sentiment is going to take a long time to turn around from Gox (which everyone here seems to have forgotten).
So your argument is sentiment will take a long time to change for the great unwashed because of gox, and your closing statement is that we, those most affected by it, have already forgotten gox. Erm.
Bears were never known as the wisest on these forums
Well they have such an incredibly short lifespan before everything they preach is invalidated by the next upsurge in price. Most are secret bulls I suppose, but some like Edward50 are a very rare breed indeed!
353.
Post 9016102 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Bears trying again
354.
Post 9016195 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
This (Circle) will have taken at least 12 months (two years, more?) to plan and bring to fruition, so they couldn't have expected to open in such a bearish period. Will their presence increase demand?
It's unlikely IMO, sentiment is going to take a long time to turn around from Gox (which everyone here seems to have forgotten).
So your argument is sentiment will take a long time to change for the great unwashed because of gox, and your closing statement is that we, those most affected by it, have already forgotten gox. Erm.
Bears were never known as the wisest on these forums
Well they have such an incredibly short lifespan before everything they preach is invalidated by the next upsurge in price. Most are secret bulls I suppose, but some like Edward50 are a very rare breed indeed!
Wow, this from someone who's been here less than 12 months.
Check my join date.
I've been through all this shit a few times and your cultist nonsense is pretty lame.
Join date doesn't equal bitcoin using date. And to be clear using a term like cultist just makes you sound like a troll.
355.
Post 9016204 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
All the bears selling and shorting now is really going to create a huge buying pressure once we have a good solid period of green candles. Once all of your coins are gone only the holders and miners will have bitcoins and thus creating a smaller daily supply. I really thank you guys for loading this spring.... when the bitcoin market turns around it's going to be quite an epic price explosion.
We heard that one for how many months now ?
The coins are never "gone". What is being sold today can be again sold tomorrow by the buyers of today. How do you know the buyers of today are holders ? If their expectations are not met, they might very well sell as well.
When you pull too strong on the spring, it bends and breaks.
The majority of the coins being scooped up now aren't being bought by Joe public. At extreme price levels it is the big players who buy low. That is just how markets work.
/r/bitcoin is spammed with troll and doom and gloom.
/r/bitcoinmarkets is near universally bearish
We are gearing up for a flash crash followed by a high volume reversal even exocytosis cannot miss. Where it happens who knows. But like klee I will continue to buy all the way down!
The big players. Right. Can you show us some kind of proof this is happening?
You want proof big players buy on price weakness and market extremes..er seriously?
356.
Post 9016350 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
This (Circle) will have taken at least 12 months (two years, more?) to plan and bring to fruition, so they couldn't have expected to open in such a bearish period. Will their presence increase demand?
It's unlikely IMO, sentiment is going to take a long time to turn around from Gox (which everyone here seems to have forgotten).
So your argument is sentiment will take a long time to change for the great unwashed because of gox, and your closing statement is that we, those most affected by it, have already forgotten gox. Erm.
Yes, absolutely. Why is this so contradictory?
Users of this forum had no sympathy for those who suffered huge Gox loses (the general attitude was "we knew better, serves you right") and the idea that Gox may have impacted on the 'unwashed' does seem to have completely been forgotten by most here. Most people I talk to still say something along the lines of "BTC, that thing where the exchange stole everyones money".
You are a pom I'm guessing -- how many people were rushing to invest in RBS after it went tits up?
Most here are too arrogant and up themselves to consider the harm Mark did to BTC, they are too busy congratulating themselves on how smart they are (cf Podyx's asinine comment above).
Sorry entirely missed this as the thread jumped to the next page.
My comment was flippant and pretty obviously made in jest. You are right that a 400million dollar fraud may well be the only thing the general public remember about bitcoin, but the collective masses do have a short memory, they weren't burned after all. I don't think people think bitcoin itself failed though, especially with all press in MSM since (PayPal etc), if that is what your RBS (boo) comment is alluding to.
MK is to put it bluntly a fucking cunt. No two ways about it.
357.
Post 9016393 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Wow, this from someone who's been here less than 12 months.
And @Podyx...joined Jan 2014...but knows it all...there's a never ending supply of arrogant know it alls here.
Check my join date.
I've been through all this shit a few times and your cultist nonsense is pretty lame.
It was a joke but i've been here since april 2013
OK, sorry but it fucks me off that people here don't appreciate the impact of Gox on sentiment (not to mention the harm Mark did to a lot of people). The users on this forum generally didn't give a fuck about the human cost.
Calling people 'the unwashed' generally marks one down as an arrogant, class-bound dickwad as well, so I get annoyed at people like Inca, who keep banging their BTC drum.EDIT
You are one of my more liked posters too
Er...double sorry....I lost my temper (its late, a few wines, been here all day).
Right well sorry for annoying you with this. The original remark was made in jest. The great unwashed is just a fun term to describe the public in common parlance in the UK. I think you are reading too much into my language. I won't apologise for being a bitcoin bull and talking about the price on a bitcoin speculation forum, that certainly isn't cultish.
358.
Post 9016780 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
You sound very cultishand there are also enough trolls on the bull side. How about a wager up to 25 BTC that we crash throw april low before 2015 if you feel so confident? Escrow, of course.
No? Take your time. My offer keeps even valid in case we bounce over 400. All the good news on your side...
It is tempting but I don't want to gamble 25 btc thanks. Perhaps a smaller sum but not a great amount as it is quite possible the price may drop and retest the April low.
I don't think being a bitcoin bull and a long term holder makes someone cultish. I am not brain washed so it smacks of trollery to use that term.
At least I post honestly about my expectations for btc, unlike the doom mongers and leveraged book talkers who actually are bitcoin bulls deep down, yet talk it down constantly ('game is over', 'cut your loose') for short term profit.
359.
Post 9017142 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
You sound very cultishand there are also enough trolls on the bull side. How about a wager up to 25 BTC that we crash throw april low before 2015 if you feel so confident? Escrow, of course.
No? Take your time. My offer keeps even valid in case we bounce over 400. All the good news on your side...
It is tempting but I don't want to gamble 25 btc thanks. Perhaps a smaller sum but not a great amount as it is quite possible the price may drop and retest the April low.
I don't think being a bitcoin bull and a long term holder makes someone cultish. I am not brain washed so it smacks of trollery to use that term.
At least I post honestly about my expectations for btc, unlike the doom mongers and leveraged book talkers who actually are bitcoin bulls deep down, yet talk it down constantly ('game is over', 'cut your loose') for short term profit.
I understand. It's okay, no wager.
To me it sounds a bit cultish but I may understand it wrong. In the longer run I'm bullish like you, but meanwhile I suppose that there is more down to come. We'll see
We gamble for a beer (5$) without any escrow but act of honour, agreed?
You're on!
360.
Post 9017309 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
place your bets on the market...
I did. I bought today.
361.
Post 9018172 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
It looks that Circle will be the main reason for trend reversal. Small & continuous buys every day around the world...
It doesn't even have to add much buying pressure to stem the tide. I wonder what exchanges they are linked to.
Edit: some good nibbling going on
362.
Post 9018217 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
It looks that Circle will be the main reason for trend reversal. Small & continuous buys every day around the world...
It doesn't even have to add much buying pressure to stem the tide. I wonder what exchanges they are linked to.
Edit: some good nibbling going on
You really are completely in denial.
Look wisdom before posting?
363.
Post 9022643 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
More selling designed to get best price..oh wait. Pretty rampant manipulation. Hey ho. Keep accumulating holders..
364.
Post 9022819 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Ask yourself one question, why is finex bid side so populated with more than 12k coins down to $300. They want these coins cheaply with margin calls.
well, I can tell you that someone is placing those asks on stamp like a pro, and bitfinex guys have a history of dumping those margin calls through some advance non automatic procedures, like placing them as asks when and where they find it suitable.
maybe they are "evil manuplators"?
It's all fun and games til someone turns up and buys ten thousand coins.
365.
Post 9026389 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Don't worry people.
Just hold tight!
Best... graph... ever...
Yes, brilliant findftp!!
366.
Post 9028690 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Really... that is what pushed you over the edge? jeez.... after some of the utter shyte I have read on this page... I thought is was a nice little interlude.
Jokes over now anyway...
Cheer up.
How are you going on your position btw? you mentioned a few days ago that you are reaching crunch time....(genuine quesiton)
Yea no worries lol
I'm still holding, the margin call was one I had to make if we were to reach $300 or lower but i'm probably gonna invest a bunch of more money anyway (if I got the nerves to make that step that is, probably gonna get me some liquor to help get it on)
May the force be with you (and me for that matter)
Who is going to buy coinbase / circle / bitpay first?
367.
Post 9030140 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Haha..nice insert
368.
Post 9030179 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
feels like today is going to be a good day.
everyone dumped like mad at the bottom again, they should feel rich enough to hold off selling for a while...
410 by thursday is looking good
Need some more volume really adam.
369.
Post 9030282 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
It does seem that the market is creeping upwards now between dumps. The rumblings of a background increase in buying perhaps. When small specs buy back things will move quickly.
370.
Post 9030536 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
I don't get why you keep posting the same pictures ?
well just read the 2nd line under the pic
Does it say be a good communist blah blah blah blah ?
"Cut your roose". Racist LOL
Ha.
371.
Post 9030619 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Need the ask walls to melt!
Edit that big one on stamp
372.
Post 9030703 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
yeah looks like a little pump, only short term though, don't be a bull-tard
Lets see. If that bearstamp wall disappears anything could happen..
373.
Post 9030721 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
market should have a day where no one dumps SHIT ALL all day, just to see how high bidders bid the price up.
Freedom Friday?
or Taco Tuesday?
Buy bitcoin day. Everyone in the world buys a little bit of bitcoin - to keep for at least 2 years
374.
Post 9030749 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
We could use a bit of denzel washington boom right now..need whale shock and awe.
375.
Post 9031339 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
That attempt to cap action on stamp with a giant ask wall is funny. 2800 coins. Someone doesnt want the price rising lol.
376.
Post 9031351 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Can you imagine how dire it is if the previous years' bubbles were mostly just caused & accentuated by Willy & Markus bots.
It would mean the 2012 price of $13, the early 2013 price of ~$58 - That's what the real, uninflated, current fair market price of BTC would be at today.
With the way PayPal news' rise was crushed like an insect, because of zero demand, it's hard to not give some weight to that theory^ - Prices have behaved as if drawn down to a plausibly true fair market value in the $70-130 range, just like most of last year.
Bubble patterns happen.
Then they break. A different pattern emerges.
Your dreams, your hopes, your delusions, have killed your profitability, for 9 months now.
Just like they crippled me, until I woke up, in May.
Are you serious?
377.
Post 9033787 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.17h):
Quick glance at wisdom before I start a case and green candles! Boom.
378.
Post 9040625 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Big dump on stamp. Jesus it's boring.
379.
Post 9040768 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Not sure what the dumper wants to achieve? Market is oversold...
Bankruptcy by the looks of it, totally unsustainable and the markets are either laughing at it and soaking up the discounts or got bored and gone elsewhere. Another couple of months of this and they'll have the markets to themselves and just be a source of coins, asks aren't coming in so I guess
folks are going otc with their coins already.This. I stopped using exchange plateforms as I did not want to be traceable with my bank accounts et al.. Every people i help getting bitcoin is with OTC channels and bitcoin ATMs. Online exchange plateforms may not hold their promise as they have totally abusive KYC processes. Anyway, they barely represent 1/4 of the total bitcoin in circulation and they may even not survive if they keep on giving up to the states and politics.
How are we going to price it then?
380.
Post 9043660 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
this is so weired, every time the price wants to rise and then a 1k dump happens. every day 2-3 times.
we are already at > 100.000 coins that this guy dumped on all exchanges. normal traders / hodlers are not dumping at this price.
When this stops, price can only go up, but it can go more down before.
I think we are past the point of saying this is selling for best price. So either seller doesn't care (hacker), or its blatant manipulation.
What it clearly isn't is miners. Electricity bills are paid at most monthly. It is in their interest to let prices rise and sell slowly into them.
381.
Post 9043985 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
I'll whisper the only words that frighten me, "central bank market operations"
382.
Post 9048633 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
why hold when you can buy. Going to love this run up once the shorts get squeezed and the money on the side lines goes back in.
When it finally starts to rip upwards epic will be to small a word to describe it..
383.
Post 9048829 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Yep exciting for sure. Great time to accumulate IMO.
384.
Post 9049015 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Yep exciting for sure. Great time to accumulate IMO.
It has been for some time. But the all time high for adoption is useful. I have some capitalists who've been waiting for a shift in fundamentals like this. I don't see the walls of the so-called manipulators lasting very long now.
Who knows. I get the feeling if we break higher it will quickly move up a couple of hundred dollars.
We need what five million people globally to start building a small position in btc to send us to the moon again? Circle and etf makes this likely IMO. Only question is when. If I get to buy more coins at this price for a few more months I'll be happy!
Looking forward to necroing some threads from the bears after the next pump..
385.
Post 9049081 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Yep exciting for sure. Great time to accumulate IMO.
It has been for some time. But the all time high for adoption is useful. I have some capitalists who've been waiting for a shift in fundamentals like this. I don't see the walls of the so-called manipulators lasting very long now.
Who knows. I get the feeling if we break higher it will quickly move up a couple of hundred dollars.
We need what five million people globally to start building a small position in btc to send us to the moon again? Circle and etf makes this likely IMO. Only question is when. If I get to buy more coins at this price for a few more months I'll be happy!
Looking forward to necroing some threads from the bears after the next pump..
"Great times, i'm buying all these cheap coins and when i'm done 5 million people will get in and we'll go to the moon".
You're so simple minded it makes me cringe.
You mean like the last three adoption driven bubbles? You mean like buy low sell high?
Edit: don't reply you are back on ignore so I can't read it.
386.
Post 9054313 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Ok big dumps came sooner than expected.
Support now is weak.
If we see real panic in a few hours I wouldn't be surprised.
Going down.
Man with open short contracts predicts large price falls..
Support is weak? 8000 coins to 2000 cny, 6000 to 2600 on huobi. Perhaps you know something we don't about the orderbook.
387.
Post 9054400 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Ok big dumps came sooner than expected.
Support now is weak.
If we see real panic in a few hours I wouldn't be surprised.
Going down.
Man with open short contracts predicts large price falls..
Support is weak? 8000 coins to 2000 cny, 6000 to 2600 on huobi. Perhaps you know something we don't about the orderbook.
Orderbook doesn't mean a lot tbh, it was 5k to 2300 15 hours ago.
I was expecting a bounce to 410-420 but this looks very bearish.
Yeah the selling isn't good, even if it continues from likely a small number of players gaming the price.
I was taking him up on the support is now weak statement..
388.
Post 9054476 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Interesting looking at finex..
Price currently 372
1700 coins to 400
1600 coins to 366
Come on buyers..
389.
Post 9054587 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
no wonder price is dropping.
I am a bull obviously. But arent we heading for a historically high short: long ratio?
Edit: gameoverd is fallling..begone!
390.
Post 9054799 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
no wonder price is dropping.
I am a bull obviously. But arent we heading for a historically high short: long ratio?
shorts : long ratio
interesting...
yes looks like that is were we are headed,
looks like it was higher b4 price did ~450 to ~650
but i feel really bearish these days, so i'm thinking this is going to get much worst b4 it gets better
5k coins to 360 on finex, 1500 coins to 400.
We aren't seeing any follow through selling after the multi exchange dump.
They need followthrough selling to get momentum going and it isn't there yet. Painting the chart nicely though.
391.
Post 9054909 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Can someone remove falllling (gameoverd again), blitz?
392.
Post 9055075 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Huobi:
Price 2307
Total asks: 2500 coins
Bids to 2000 8000 coins
Finex:
Price 374
Asks to 404 1800 coins
Bids to 346 10,000 coins
Stamp:
Price 377
Asks to 400 4000 coins
Bids to 350 6000 coins
Shorts 11,000 contracts.
Snapshot of the exchanges shows good visible orderbook support here. Sentiment is at rock bottom but it will take a lot of selling to push through this by the bears/'Manipulator'. Conversely it wouldnt take much to lift us back up over 400. Are there really only 2700 coins on the ask orderbook on huobi when 3800 were sold earlier in a short space of time?
393.
Post 9055118 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
<snip>
Every single post of this guy:
"We are about to go up".
I can't find any value in your bitter posts whatsoever. You also didn't read the post.
394.
Post 9055549 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Huobi trying to drag us down..
395.
Post 9055622 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Huobi:
Price 2307
Total asks: 2500 coins
Bids to 2000 8000 coins
Snapshot of the exchanges shows good visible orderbook support here. Sentiment is at rock bottom but it will take a lot of selling to push through this by the bears/'Manipulator'. Conversely it wouldnt take much to lift us back up over 400. Are there really only 2700 coins on the ask orderbook on huobi when 3800 were sold earlier in a short space of time?
Where did you get these numbers???
Asks to 3,000CNY ->
BTC10,000
Bids to 1,500CNY ->
BTC11,000
Wisdom/ bitcoinity
396.
Post 9055709 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
I thought it odd and posed the question derpinheimer. You are the first to answer.
Edit: wisdom still not displaying the asks correctly.
397.
Post 9055818 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
I thought it odd and posed the question derpinheimer. You are the first to answer.
Edit: wisdom still not displaying the asks correctly.
Huobi doesnt "send" its whole orderbook to the exchange monitoring sites like bitcoinity/wisdom/etc
You can only see it on their website, here:
https://www.huobi.com/trade/index.php?a=depthThanks!
398.
Post 9069606 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Interest is rising... volume is saying we are close to 2012 situation... sicne last year price action according to my own analysis has been pretty much bang on... so now we should either bottom out or rise from here to come back once more... if we go lower we bottom now.
I think you silenced the bears, their cries of "bitcoin hurts baby Jesus" seem to have died out.
bears unlike bulls don't talk too much, but dump very much.
You obviously don't stray too far from this thread. The forum is infested with trolls.
399.
Post 9070304 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
I think we'll find a meanwhile bottom very soon, in not more than 7 days. But how it will develop after a bounce to 400, 500, 600 or even higher, that's another question. I don't think it will be finished with this downswing.
Hope it turns up Shickeria. We have a beer each riding on whether it breaches the yearly low before 2015:)
Right. Time to perform some bitcoin retail therapy and add a few coins to my stash.
400.
Post 9070892 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
This is so crazy..
If price goes to $0 tomorrow then who else but me is incredibly fucked?? (it won't of course, just a thought experiment knida)
It feels better to not be alone about it
Why would it go to zero? lol
401.
Post 9071609 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
So shorts near all time high at a price near the all time low for the year..What could go wrong. Short away!
402.
Post 9072385 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Wasn't Gabi supposed to take us to the moon? What usernames were repeating that every day? Why do i never see anyone here saying they were completely wrong and delusional?
Do you ever stop whining? You seem very emotional about this price drop.
403.
Post 9073275 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
It's a case of how low do we go. Volume seems to have picked up a bit. Shorts are near ATH. Despair is total.
I will continue to buy bears
404.
Post 9074801 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
has everyone given up on the idea that poeple held buttloads of bitcoin in the hopes it would make them rich, and it did, now its a clusterfuck to realize these profits?
fear and greed guides this market short term.
No. The amount of coins determining the price on the exchanges is tiny. Technicals guide the price, sentiment follows.
405.
Post 9074805 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.18h):
Monkey says 4 more days down. He might not count weekends though.
After that he wants it to go up for a couple of months.
Chart?
406.
Post 9077325 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
6000 BTC down to 340, 6000 BTC up to 470 @bitfinex
People are pulling their asks and market sell.
That may be the case, but it is still impressive. If someone start buying strong we are going to see green fireworks. People shorting at this level are playing with fire...
True, but this orderbook condition, especially on Finex, is existing since weeks. Beside the Paypal bull-trap no one made an attempt to execute an short squeeze.
Not yet. But short interest is rising considerably. Soon it will become profitable to turn the trend on it's head. I was hoping it would come sooner but I expect a burst of selling causing a flash crash then an incredibly high volume reversal followed by sustained buying. This may be followed by a big bear trap and then further heavy buying until the shorts are burned. And before you ask where the cash is going to come from, it is from the people who have sold literally tens of thousands of coins in recent months to drive the price this low.
407.
Post 9077630 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Hahahha (excuse my trolling), the gay-ETF-Messiah that everyone hoped to save the price is not going to appear in 2014. LAME!
Yeah lawyers often give away confidential information to random reddit cold callers about a multi million dollar net worth client. Jesus you are a moron wobber.
408.
Post 9077834 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Finally we may get the flash down.
409.
Post 9077876 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
If you still think people telling others to get out are just trolls, RIP.
I think you are short and talking your book. Poor taste linking death to price moves to honest matey.
410.
Post 9078195 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
maybe BFL is cashing out to pay lawyer
Yeah, that too. Everything is possible. The thing is it's NOT old coins. None of the old chaps is selling right now.
And all the money from the thousands of coins being sold is sat on exchanges waiting for the market to turn. So many shorts to burn when the big players buy back in.
411.
Post 9078309 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
it is so fantastic that i have never got any comments on my last (bigger) posts
it looks like nobody care , nobody says that it is bullshit what i say or anything else
You sold. You now have no effect on the market. Enjoy watching the show.
412.
Post 9078445 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Well i think we are in some kind of pyramid.
...
We can only stop this by not selling shit. So people that are under us will not sell etc etc.
Absolutely. No one sells, supply approaches 0. Price skyrockets.
We've been over this.
Let's do it already!
The question is how much money do those dumpers have left?
I mean those that started this whole dump at $400.
They have lots of money on exchange now. They are likely buying off exchange like crazy and then simply need to buy back to drive the price upwards at a suitably engineered bottom. But how low?
413.
Post 9078537 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Not really a surprise given you are short
Lets see if the april low holds. If that doesn't then we will flash down potentially on an elevator to hell.
414.
Post 9078851 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Feed me a stray cat!
415.
Post 9078947 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Stamp price: 346.5
1000 coins to 370
1000 coins to 344
416.
Post 9079350 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
So cheap coins are now or should I wait for even cheaper prices?
Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.
I don't have a problem with cheap coins.
PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.
How do you know Blitz?
417.
Post 9079382 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
You guys do realize the price can't keep dropping forever right? ...
BTC is oversold right now.
Hey you didn't read the script. The price has always been falling. It will always be falling. The price will fall forever, remember? You do remember don't you? DONT YOU!?
418.
Post 9079421 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
So cheap coins are now or should I wait for even cheaper prices?
Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.
I don't have a problem with cheap coins.
PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.
How do you know Blitz?
I can't prove it (how could you even rely on the phony exchange's data we have?), but it's my strong suspicion as someone who's seen it before in this asset. Bubble pops, money slowly leaves, miner profit margins (at record highs in winter due to the switch to ASIC tech) shrink compelling them to hoard less of the mined coins. It's natural bubble deflation.
No manipulator can control the prices over such long peridos without incurring losses. If you think that, then you basically ascribe him a deity status.
You guys are just looking for someone to blame. But it is nothing special.
Central banks can incur losses..
419.
Post 9080063 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
USD 0.0546% 0.1023% 19,737,287.13 USD
BTC 0.038% 0.0116% 12,115.20 BTCLTC 0.0403% 0.0602% 108,332.76 LTC
Almost ATH!!
If the squeeze happens... this is gonna hurt
I wonder who the bears think has been buying all these thousands upon thousands of coins down near the all time low for the year. Keep selling. Just don't whine when all of a sudden the price turns on a dime and you realise leverage isn't easy money.
420.
Post 9080099 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
And BTW, the days destroyed is a bit complicated to explain, but to prove that that argument is invalid I just took a look at the
500 richest address and I can see that most of these addresses had the first input late 2013 and in 2014, so most likely many of these adopters did something with their Bitcoins in other word they have been moving funds
Bitcoin days destroyed is a bit complicated. Instead I will post a picture of just a few addresses and say I have seen something meaningful in 500.
If you are going to post analysis, try and put some actual analysis in there please.
421.
Post 9080156 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
I've msg'd loaded asking for a smiley.
422.
Post 9080190 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
I agree the slow motion slide is boring. Just dump and be done with it sellers. The longer you wait, the less you will get!
To the person who just sold 2000 coins at 340 on stamp. Great price you got there
423.
Post 9080223 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
RIP IN PEACE
Someone is buying the coins at this price.
424.
Post 9080702 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
You'll be fine, hodlers
Play nice..
425.
Post 9080876 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Someone fooking buy
426.
Post 9080911 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Does anyone believe any rally is real anymore after the $400-$450 one? (And now we are trading at $340 today)
No rally is real ever again. lol.
427.
Post 9081433 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Why hold BTC now when you can buy them for around 100 bucks in a month? Pre-MtGox-fake-pump is the true price of BTC.
You know a lot for a newbie with 3 posts.
428.
Post 9082108 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Why hold BTC now when you can buy them for around 100 bucks in a month? Pre-MtGox-fake-pump is the true price of BTC.
You know a lot for a newbie with 3 posts.
I admit, I feel better that we did not bet for 25BTC. I would feel miserable to take away such amount from you. But I take my beer without remorse ;-)
Also this lets me test my new circle account:
1DWPQYzZKeBorz4ZHwdauNGQbDNZrg8he4
Which part of the world are you in? What is the price of a fine beer there?
429.
Post 9082164 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
the bull seems pissed off.
Lmao. This may have been the crazy volume low. Some people are definitely betting that now.
Doubtful though. That was really powerful.
Who knows. It is possible we will be kicking ourselves we didn't buy mor in six months. Or relieved
430.
Post 9082223 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Why hold BTC now when you can buy them for around 100 bucks in a month? Pre-MtGox-fake-pump is the true price of BTC.
You know a lot for a newbie with 3 posts.
I admit, I feel better that we did not bet for 25BTC. I would feel miserable to take away such amount from you. But I take my beer without remorse ;-)
Also this lets me test my new circle account:
1DWPQYzZKeBorz4ZHwdauNGQbDNZrg8he4
Which part of the world are you in? What is the price of a fine beer there?
Germany. You have sent me too much, we said 5,00$ ;-)
I remember it being more than that in Berlin the last time I visited! Enjoy it on me. Who says bitcoin is dead
431.
Post 9082417 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Well, my thoghts on that, there is no new kapital flowing in. Just kapital leaving aktually.
If had not heard of btc and would now some how hear about it, definately it wont be something where I would invest in, seeing it has gone down for 8 month or so (aside from that, I would likley not even hear about bitcoin as "normel" media isn't talking about it).
I guess (from experiance of the last uptrend), as soon as we have reached the point where the price reaches a bottom with the current traders/capital and are slowly recovering, then we are much more likly to get mainstream media talking about bitcoins and new capital will be much more interested in investing in it.
The mainstream buys when something is has bean goin up (unfortunately normaly creating a buble) and sells wehn it has been goin down for a while.
From my experiance in trading I have learned, never buy when the price has already gone up quite a bit and dont sell when it has already gone down a lot, which is why I am holding. I might be wrong.
Could be that we have already reached the bottom, but I see a good cahnce that we will see much lower prices befor a uptrend accurs.
*Note: This is not meant to be a trading advice, this only implys my personal oppinion. My oppinion might be wrong.
Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time.
432.
Post 9082630 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
...
Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time.
Didn't think it was possible, but that reasoning... Like palpable, visible manifestation of denial...
Who is in denial? I am waiting for a capitulation flash crash to buy my last tranche of coins. I would much prefer that than this slow drawn out bear slide. I can also see the bigger picture. What exactly about my post did not make sense to you?
433.
Post 9082958 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
...
Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time.
Didn't think it was possible, but that reasoning... Like palpable, visible manifestation of denial...
Who is in denial? I am waiting for a capitulation flash crash to buy my last tranche of coins. I would much prefer that than this slow drawn out bear slide. I can also see the bigger picture. What exactly about my post did not make sense to you?
Lol, if "the public are never buying at this stage of a cycle - ever," are all the bulltards lying through their teeth? Or are they the big players, AFA ur concerned?
*Just what would it take for you to "buy [your]last tranche of coins"? Another, bigger bull trap?
What are you wittering about? Who are bulltards?
A high volume capitulation flash crash with decent volume sustained buying and I will buy my last tranche.
Are you suggesting the price will trend to zero with a sucessive series of bull traps? Sure.
Please make your points more clear.
434.
Post 9084207 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
We reached a new BTC swaps ATH today:
12359 BTC
Former one in April was 12128BTC
Noone will care until there is a squeeeeze.
435.
Post 9085157 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
That money will never pour into BTC, since Gross, Wall Street guys and other smart people don't invest in pyramid schemes. They're not interested in making cultist neckbeards rich.
Jesus exo, stop with the trolling negative posts. Half the board has you on ignore for being a cunt. The other half see right through it. The only reason I haven't /ignored you is because I want to see if you stop being a miserable sourpuss when you finally buy in.
436.
Post 9085813 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
Huobi support has moved up. 6K to 2000. 6k to 2340.
Just need a bit of buying..
437.
Post 9085868 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
little nibbles..might see a slow drift upwards if we are lucky
some twat on stamp with a 1k wall at 340
438.
Post 9085885 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
sorry..revealing my bull side there
439.
Post 9085932 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
huobi trying..
yeh time for bed. hopefully the chinese drag us up over 340 over the next few hours.
EDIT: stamp not moving up bid walls..grr
440.
Post 9086021 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
A few more dollars and we get above the earlier dead cat..
441.
Post 9088080 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.19h):
That is disappointing. Looks like it is going to crash.
If we don't get a great reversal adoption is on hold for at least another year.
442.
Post 9093605 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
Just got back from a family bash without phone reception.
Seems to have dipped on good volume and reversed. Is this a dead at bounce before the fireworks or have I missed the display?
What us this about 30k whales manipulating the market?
Also, too early to buy?
443.
Post 9094214 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
Just bought. Let's roll the dice!
444.
Post 9094236 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
Just bought. Let's roll the dice!
Edit: that moved up quickly
445.
Post 9094269 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
Good luck to those fading the move already
446.
Post 9094305 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
May run with little res to 338. See if that wall hold
447.
Post 9094404 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
Relentless buying... who ARE these people?
You
448.
Post 9094425 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
Now would be a good time for Loaded to wink.
449.
Post 9094624 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
Who the hell would be short right now. One big buy and you are fucked.
450.
Post 9094638 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
It would be nice to see some bids line up on stamp
451.
Post 9094656 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
Right all we need is loaded to blast us up 20 dollars and start a rout
452.
Post 9094731 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
My suspicions, short cover rally.
Bears gonna start loading up again to wash and repeat any approach to 320.
Breaking: Bear who is short predicts price will fall!
453.
Post 9095559 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
Just thought i would have a quick look at wisdom before my head hits the pillow. That 27000 ask is insane. LOL.
454.
Post 9096011 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
Doesn't look like 300 will hold on stamp
So before I go to sleep.
What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall?
Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins?
Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling.
Theories?
455.
Post 9096193 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.20h):
Doesn't look like 300 will hold on stamp
So before I go to sleep.
What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall?
Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins?
Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling.
Theories?
I guess he/they simple wants sell. Maybe speculated for a double bottom and failed. Now he wants to take the ~9,000,000 USD leave the game. I think: it's an offer, not bearish, not bullish, a simple offer.
It's bearish only in the sense that it invalidates all the "big players are paying premium prices, buying OTC to avoid slippage."
Only if it sells..
456.
Post 9108573 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.21h):
To those who are still short and currently talking their book:
Look at yesterday's daily candle, then compare it to every other daily candle during the past year that resembles it. That is all.
Selling bitcoin short with any kind of leverage is an excellent way to be parted from your capital very quickly. I sense there are a lot of newbie traders hoping to cash in on the wild bitcoin swings. Most adventurous types try their hand with leverage and learn (myself included!) eventually the hard way.
Who knows what the price will do in the next few weeks. But i know after a prolonged bear market, with sentiment at rock bottom, many previous failed dead cat bounces, a high volume reversal and enough demand to buy 30,000 coins in 24 hours suggests this market is not going to crash and burn to zero like the trolling accounts exocytosis et al would have you believe. Shorting right now is definitely on the wrong side of the risk:reward spectrum.
457.
Post 9108598 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.21h):
There are always casualties during a trend change!
458.
Post 9109035 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.21h):
http://techcrunch.com/2014/10/06/what-is-happening-to-bitcoin-right-now/Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason.
"Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. Theyre not experienced with handling this amount of money because theyve never been rich before; they just got lucky. They dont have the connections to sell off-market so they decided to sell the way they know and the way thats guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? Theyll take their $9m and retire on a beach somewhere for the rest of their lives.
Thats what Id do if I had 30,000 BTC right now and I bet you would too."
The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day.
He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300.
Perfectly reasonable explanation.
He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens.
I agree this is true, it turned out that this was no manipulator but a mere fool who wasn't patient or experienced enough to split his selling upon multiple markets and over time, in addition to selling into a short-term highly depressed price. Yet you have to ask yourself where all this buying pressure came from that devoured 30k BTC @300.
Hint: It involves cheap coins.Hate to be in his shoes now. Imagine how miserable he is feeling now, and will continue feel when he sees he could have got double the money or more.
On the contrary he now has millions of dollars on stamp and he also still hold thousands of coins. He can buy this market back up to 1000 if he wants and then slowly sell out.
459.
Post 9119340 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.21h):
...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.
blocked... and full node!!! I will assume that you don't know what you are talking about.
No, I just couldn't be arsed typing 'Satoshi client'. As you say, not a full node with 8332 blocked so no benefit to the network but 8 connections and no issues whatsoever. Blocked at ISP level for about a year before I got around to asking them to unblock it.
you know what blocked means right ? when I say blocked, it means like when the 8332 is blocked by your computer's firewall and you need to add it to the trusted list in order to allow bitcoin daemon to connect.
Isn't this just a fud discussion? Why is it being discussed on the price tracking thread?
460.
Post 9120054 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.21h):
People, price is about to go moon.
I sold some at 298 and placed a buy order at 184.
Usually this means price will go up immediately.
People, I would like you to thank me.
Thanks to me the price stopped getting lower.
Right after the moment I sold the price went up.
I do accept donations. Look at my profile page, the address it there.
I could need a few satoshis to fix my loose
How does ones sidebar status have the next bubble to begin between Sept 25th nd Oct 25th and lose faith to sell sub 300. I hope it was still at a profit.
I'm a permabull experimenting with 2% of my stash.
I noticed that I'm a terrible trader because now it's worth 1% of my stash
Luckily I'm too afraid to trade more and I'm a bag holder since $27 (2013).
Usually I add to my position and buy the dips. I never bought higher than 550.
I'm waiting for some moment in the future when I can pay off my house with 5 bitcoin.
Edit: the sidebar information is based on some analytics where no emotion is involved.
It is also an experiment.
Once bitcoin moves back up and things get really bullish on the forum again I think I will run off a few 'bitcoin bagholder' t-shirts.
461.
Post 9122280 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.21h):
When Adam speaks, we should listen.
He has been around so long he is like methuselah.
462.
Post 9132120 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.21h):
I think you under estimate the big money waiting to buy when people are loving the pure panic and fid that brought us here. Trends gotta play out but also have to end.
These plateau-like intervals, in my opinion, is the big money. I think they're the only reason the decline as been so tame. They're buying at certain price points and averaging on the way down. Likely buying up to some allocated amount, and then stopping. Which causes sideways movement and eventual sliding/dumping. I don't expect them (or want them) to sustain any one price. They'd lose money doing that, anyway. They've been losing a shit ton of money as it is.
I think the trend change is going to catch you out..
463.
Post 9132634 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.21h):
Regardless of what I believe, telling "total bullshit because that creates new money" is wrong, if you care about that sort of thing.
Sustaining Bitcoin's price by lying to investors is fraud, no matter how you couch that.
Fraud? It's not fraud to tell someone you believe the value of Bitcoin is going to double or triple or whatever unless you attach a timeframe and profit from it personally. Being generally positive is just believing in Bitcoin.
But that's not what we're talking about. We're talking about this:
I like the continuous to the moon talk even if it is total bullshit because that creates new money.
That's right. It's advertizing. You mean you people don't realize you are running a continuous Bitcoin advertisement? You know negative ads sell just like positive ones. That just sells the opposite outcome. People love Andreas because he sells a constant positive image of Bitcoin. People here are just as likely to sell a negative one.
They may be telling what they honestly believe about the short term but it still can be a self fulling prophesy.They aren't being honest. And that is the general idea.
464.
Post 9133375 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.21h):
Well whales... you don't have any Bitcoin left it seems...
lol they're just fucking with us.
or saving us. There have been some posts of whales (do not know if they really are) in this thread in the time at about 300 USD I think, that stated something like "now I'll stop that. I know You got no ammo anymore"...
Wow, that's speculating... from my micro point of view...
maybe saving is also only a kind of fucking...
if market has any brains it will stop rising at like 350-400 and HOLD, waiting for selloffs, there will be sell offs... poeple need to get rich quick!
alsa market is stupid as shit. TO THE MOOON!!!!!!!!!!!
I wouldn't mind if it drifted back up into the 4xx's and just ambled around there for a few months. I have coins to accumulate.
465.
Post 9140573 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Is it true that shorts on finex are at ATH? Short squeeeze?
466.
Post 9144634 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Always suspicious of those that are trying to save others!
Are you a welfare worker in your offline life or do you have some open shorts.
Jackpot. Expect the shrillness to increase with the price.
467.
Post 9144905 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Always suspicious of those that are trying to save others!
Are you a welfare worker in your offline life or do you have some open shorts.
I think that guilt can motivate to help those who are trapped in bitcoin. If your gambling have been successful with bitcoin, then you also know that this money didn't come out of thin air. A large amount of that money came from the pockets of people who are a lot poorer then you. Their only crime was to have too big hopes and too little experience. You know that you increased your wealth at the expense of those who are less fortunate. Doing this can actually start to chew your conscience and you will actually start to hate the game that you're playing with others. At least that's how I feel when I recommend someone to stay away from bitcoin.
Nonsense.
You remind me of the Edward50 posts from 2011 trying to convince others that bitcoin was a scam and would crash. God knows if any poor sap read that and thought twice of investing in bitcoin. Hopefully anyone wavering will look through your overwhelmingly negative posting history and do the obvious. Why are you so bitter?
468.
Post 9146594 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
a whopping 700 coins back to 385 on stamp..
469.
Post 9156961 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Bears getting excited. Most of you are short already or shorting now expecting a continuation of a downtrend to zero for some reason.
When the bear trap is sprung this weekend you are going to be squeezed hard.
470.
Post 9157219 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
+1
Study game. It takes work but will be very much worth it. The women in your life will thank you.
ps You don't need money and you don't need looks, although they make things easier. Game trumps everything.
You don't need money and you don't need looks, all you need is to buy our books! -- Your average Pickup (scam) Artist writer
Hint: If you follow their shit advice, you will be laughed at by any self-respecting woman when you try you walk up in your ridiculous "peacock" outfit and start "negging" on her. The only women you will get will be the crazy self-loathing types who will fuck with your head (which is fair, considering the whole point of the technique you'd be using is to fuck with theirs), then when she is finished you will cry to everyone about how all women suck. Of course, you won't realize that it's the PUA that's the problem, so you'll buy more of their books when you inevitably fail. It's a vicious cycle of spending money on bullshit, which is exactly what those retards want.
All you need to attract a woman is confidence, kindness and sense of humour. Finding the right woman is more tricky!
471.
Post 9158545 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Just a matter of time before a short squeeze happens IMO.
472.
Post 9158629 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Just a matter of time before a short squeeze happens IMO.
What is gonna trigger it though?
If there's no buying power pushing, no short squeeze...
What always triggers a short squeeze - profit.
And when some of the 14500 contracts are short covered and the price lifts back over 400, then money on the sidelines will buy back in to calls of 'the bottom is in'.
473.
Post 9162747 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Good luck
474.
Post 9163696 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Bears being given more rope to hang themselves with.
475.
Post 9165667 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
I would so love a punishing short squeeze
Patience.
Edit: anyone short at this juncture has to be very nimble IMO.
476.
Post 9165769 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...
So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.
You are aware it is Saturday right?
477.
Post 9166018 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
So just to summarise:
10-11 month brutal bear market, on the background of a long term bull market
High volume reversal at 275 (76% decline from recent ATH) with easily the highest trading volume since april or the previous runup.
Finex shorts at ATH of year (14,500 contracts).
Incidentally I haven't seen much moon talk around here, just lots of bear momo technical traders banking on bitcoin to continue to fall endlessly because er you know the recent chart slopes down.
478.
Post 9166139 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
^
So... Moon?
Moon is breaching 1166 on high volume.
I was stating the current situation. As far as trend changes go, if this is it, it will look pretty obvious in the rear view mirror..
479.
Post 9167070 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Obviously a lot of support on the bid side trying to move the price up.
Buy buy buy!
480.
Post 9167198 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Loving the boobies. Now someone buy.
481.
Post 9167271 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Just need an Adam countdown. Big market buy in 3 2 ..
482.
Post 9167293 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Wall flashing..
Used to seeing this in the asks. Gotta have shorts nervous..
483.
Post 9167318 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
lol.
we may be in the eye of the storm..
edit: and gone!
484.
Post 9167410 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.22h):
Sellers will exhaust themselves here, then we go up is my guess
485.
Post 9169064 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
'Natural move' ..must be new here
486.
Post 9176688 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
But this is a very bear market and everybody can see it
Prove it is a bear market.
487.
Post 9176742 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Well, this is more of a show than a proof, but here:
<snip>
I think we are all aware the price has fallen 76% from the ATH.
I mean prove we are
still in a bear market.
488.
Post 9176811 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Not really pedantic. We had a high volume reversal. The price is what 32% above the low for the year.
He said everyone knows we are in a bear market. Well that is patently false. Has the trend changed?
489.
Post 9176942 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
2K more short contracts opened this weekend alone and the price isn't going down.
490.
Post 9176955 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
14,142.33 BTC shorts lol, gl with that
What happens next month when Ross loses and the US gets to keep 175k
BTC and within 2 months announce its for auction again?
We are going to continue to the down trend until one of three things happen
1) ETF (wish it would have been Nov but not likely imo)
2) We get within 8-12 months of halving
3) US stock market tanks -
BTC is being traded like a commodity and with Oil getting trashed and gold going down expect
BTCI have been waiting for the US stocks to crash for almost a year now with no avail - its got to happen imo - maybe 2015?
Interesting points. You seem to be attributing events to price action for some reason.
491.
Post 9177044 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
You seem to be forgetting that more and more countries are BANNING Bitcoin
<snip chinese picture>
China has never banned bitcoin.
Yes the market will break one way. You think down. I think up. Such is a market.
492.
Post 9177065 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Looks like we are eating through the asks on stamp.
493.
Post 9177101 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Ask walls trying to keep the price in check on finex
494.
Post 9177179 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
<bitter troll crap>
You don't have a big fan base on here from what I can gather.
Probably something to do with your constant negativity and blaming traders for market action you don't like on..a bitcoin trading thread. You are something of a contrarian indicator, one of the reasons I am long.
495.
Post 9177210 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
We won't
496.
Post 9177239 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Slow grind higher. Wait for the damn to burst.
497.
Post 9177273 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Dont fall for the final trap before double digits. Loose your cut now! Next critical hours will be 24
498.
Post 9177308 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Dont fall for the final trap before double digits. Loose your cut now! Next critical hours will be 24
LOL You forgot Dead Bounce Cat.
Just need Warren Buffer to serve some rat poison.
499.
Post 9177504 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Is it over? Let's see where the price is in 48 hours
You can smell the desperation from the bears haha.
500.
Post 9177903 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
If you keep saying it lambchop and wish hard enough, perhaps it will become true!
Back in reality you are for the first time in a few months on the wrong side of the market.
501.
Post 9178925 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Anyone order lamb chops?
502.
Post 9178949 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Say again who ordered the lamb chops?
503.
Post 9179223 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
mmh wasn't expecting such a pump move tbh
this could be the short squeeze everybody was anticipating IF it goes higher...
The best part about a short squeeze is that most people hang on farrr too long.
The even better part is we haven't really seen a big one in BTC yet. Could go nuclear (though it could also bust-up an exchange which would cause other dramas).
Having been caught out and lost my trading account before, leverage is only for the brave and nimble IMO. Kudos to those who use it to consistently profit in a market as highly volatile and unpredictable as bitcoin though.
I think if we break over 400 in the next day or two then shorts are going to burn.
504.
Post 9186771 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
FUD at maximum on here. Pathetic!
505.
Post 9186933 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
FUD at maximum on here. Pathetic!
Did you even look at the link? Pathetic!
Why would anyone base their trading decision on 2000 coins from 2011 moving. Its FUD.
506.
Post 9187087 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Not sure why bears are cheering. Stamp is 375. Lol.
507.
Post 9187408 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Just got home and stamp back at 380. Upward pressure continues.
508.
Post 9188568 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Looks like we'll end up breaking out
That's indeed how it appears. Shorts have had several chances to get out. Now we go up.
Edit: bought a couple more
509.
Post 9188778 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
This is it. 400 here we come.
I hope all you annoying dumpers end up panic buying back in with a big loss. That would make my day.
Good point. Once we break this resistance buyers will return.
510.
Post 9188870 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
I wonder how much of the finex ask is real.
511.
Post 9188940 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Looks like cup and handle
Which never ends up being important for anything.
yo I they have those birds in your pic here in my state are you from North Dakota? Only a couple left on earth amazing little things aren't they?
Nope, England.
North of the Watford gap, or do you put lemonade in your lager?
512.
Post 9189012 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
China (huobi) already past last peak..come on stamp/finex
513.
Post 9189127 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Stamp's bid side is depleted (figuratively speaking). If you look at stamp's bid/ask over the last 24-48 hours, you'll see that a number of big buys correspond to big drops in bid/ask. In other words, Stamp is probably partially responsible that we're going up right now, by traders losing patience and pulling bids from the book to market buy, but now they're out of fuel somewhat.
Buyers getting exhausted? There is a lot more fiat on stamp than what is sat on the order books
514.
Post 9189251 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
They can only sell once.
515.
Post 9189531 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Patience!
516.
Post 9190166 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Up we go..lambchop absent?
517.
Post 9190312 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Follow through buying should carry us over 400.
518.
Post 9190375 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
What the fuck was THAT? Did my eyes deceive, or did somebody just dump 1000 or so to keep us under the important psychological $400 barrier?
Sorry, but you would have to be DAFT or manipulative to do that.
Yes. The usual asshats who do everything they can to stop us from going up. Surprised?
I probably shouldn't be surprised, but admittedly I am a little shocked that anybody would jump in front of this train at this time. Maybe at $420 or $430, but trying to cock block $400 is just pure psychological warfare.
Or maybe it's the best place to do a large sell for minimum slippage
Stopping an uptrend isn't exactly in a miners interest..
519.
Post 9190563 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
One last push over the top!
520.
Post 9190657 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Asks melted. Say hello 400.
521.
Post 9190721 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Guys, I'm worried about Notlambchop.
The only reason I can imagine why he wouldn't be posting now is if he had a terrible accident...
I mean, he usually spams the thread with brony memes and other random pics, I cannot fathom why he wouldn't be posting now.
^_^
I noted his absence earlier..
522.
Post 9190838 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Awesome.
1600 coins to 430 on stamp
523.
Post 9190886 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Wow Finex, people market dumpin 400+ coins. Not bad, but it wonīt save their ass
Shorts burning up.
524.
Post 9190926 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.
That's short leverage for you. Once the longs get momentum and it becomes obvious the low is in then people will stop dumping and start buying.
525.
Post 9190968 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.
It's shorters panicking but instead of liquidating their shorts they are borrowing more money trying to squash the price rise. This is pure desperation and he longs know it. I said it $100 ago the sharks are having fun stripping the shorts like a fat pile of meat on a rotisserie. The best part is making the shooters think they are winning
Having been on the wrong side in the past i can attest it is painful. 10 months of bear market confirmation means some shorts are going to hang on far too long waiting for the bear trend to resume.
526.
Post 9191019 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Looks like panic on the shorts, could spike high.
When finex breaks 400 it is ON!
527.
Post 9191104 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Finex bears trying..
528.
Post 9191326 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.23h):
Time to reel some more shorts in before the next pump.
529.
Post 9199655 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Finished work. Quick look at thread. Bearishness seemingly everywhere. Lambchop (wrong for this entire 40% rise) reappeared posting negative trash.
Quick look at wisdom expecting sub 360. Price actually 403 on stamp. Ha. Please keep shorting bitcoin.
Edit: more of the bs quantum computing fud please! Lol
530.
Post 9199813 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
I don't think butthurt means what you think it does, unless you think buying at 301 was a poor trade.
You will continue to put the bear case. And continue to conveniently disappear when the price moves up again.
Of course bitcoin is failing, the bear market will continue forever blah blah <insert chart to fit argument>.
531.
Post 9200851 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
flopping back down
LOL All the way to $415.
No. All the way to $395. Don't fib when you don't need to
why cant you be a bull for once a while ?
You mean why don't I pretend that 395 is 415 once in a while? To what end?
Bit stamp is currently at 410. Ssh.
532.
Post 9201610 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Every time I get the urge to /ignore porkchop I look at the price and it melts away
533.
Post 9201694 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Do we run to 450 before the first correction / retest?
534.
Post 9202028 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
It is relatively easy to change the rate of money creation for a central bank. That's essential to modern economy.
It is very difficult to change the rate of money creation for both Bitcoin and my shitcoin.
If this difficulty is what you like about Bitcoin, you should love my shitcoin too.<==that's my point.
Ok, but then we get into the network effect argument.
That's a different argument. I simply pointed out that Bitcoin's inelasticity is, in itself, an insufficient reason for Bitcoin to succeed.
True
Chop. There are better places to debate whether bitcoin will ultimately succeed than this thread. Debate alts on another forum?
535.
Post 9202594 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Woking fine
536.
Post 9212699 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Anyone bullish despite the price ticking down is delusional ..duh
537.
Post 9213235 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
The uptrend will resume shortly. It's going to take a few more failed attempts shorting BTC before the bears give up. They are out in force again today cooing over a 2% decline when the price has just risen 35%. Lol.
538.
Post 9213406 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
The uptrend will resume shortly. It's going to take a few more failed attempts shorting BTC before the bears give up. They are out in force again today cooing over a 2% decline when the price has just risen 35%. Lol.
Don't you ever get tired of posting "we're about to go up" 8 times a day? Day after day after day.
Ironically that was my second
firstpost of the day, whilst you have posted countless times today already, mainly abusing people actually interested in price speculation, adding your own curious blend of negative, bitter and usually incorrect noise.
You are the perfect contrarian indicator. Bearish on every rise, doom mongering on every profit taking dip. Entirely failing to see the trend change unfolding before you. Bit ashamed you are a Brit to be honest.
539.
Post 9215432 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Off to bed. Probably be over 400 when I wake, eh Shroomskit? Nn porkchop
540.
Post 9223575 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Inca, this is bullish right? We're about to go up?
I don't day trade something like bitcoin. An excellent way to think you can predict the market and lose money when you belatedly realise you can't.
It is a price correction, not a particularly surprising one after several big up % days in a row. Looks like someone either took profit badly by selling 3k coins or decided to keep the MACD negative another few days. Either way the short term trends to not particularly bother me. Wake me up if we drop below 300.
You endlessly drone on about dumpers preventing further price rises. But in fact it is simply traders selling into strength. They do this expecting further opportunities to buy in, usually lower, because they do not expect higher prices in the short term. As market sentiment alters from bear to bull, coupled with shorts getting killed a few times, this will happen less as the price rises. Or bitcoin is going nowhere before the next halving.
If i had to predict future price movements they would be of stair step rises over the next few months as the memories of the bear market (and last bubble) fade. I think this because technicals can be manipulated and exaggerated easily for a time, but fundamentals cannot. As new users adopt the currency, transactions rise and new on ramps and investment modalities such as the ETF's come online bitcoin could look very undervalued in a hurry.
So yes, I remain intermediate and long term bullish. Short term who cares?
541.
Post 9223692 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Off to bed. Probably be over 400 when I wake, eh Shroomskit? Nn porkchop
G'mornin' inca.
And thats why I don't trade but instead do something else far more interesting for a living
542.
Post 9223768 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
^
How is constantly losing money interesting? I mean, it's sorta fun to watch from the sidelines, but actually doing it?
Nevermind, not for me to judge, carry on.
Well that made no sense. What exactly are you on about?
543.
Post 9223804 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
^
How is constantly losing money interesting? I mean, it's sorta fun to watch from the sidelines, but actually doing it?
Nevermind, not for me to judge, carry on.
Well that made no sense. What exactly are you on about?
I think it's trying to communicate with you
Quite.
544.
Post 9224327 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
I respect and I like to have bears here. But trolls doesnīt apport nothing but crispation and noise. Please moderators, Blitz consider ban lambchop.
And the rest os us: PLEASE DONT QUOTE THE TROLLS. Thanks.
You mean don't quote the
bear trolls, right? Because I see the bull-trolls aka marketers getting quoted all the time, and nobody seems to have a problem with that.
And who are they?
545.
Post 9224821 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
I respect and I like to have bears here. But trolls doesnīt apport nothing but crispation and noise. Please moderators, Blitz consider ban lambchop.
And the rest os us: PLEASE DONT QUOTE THE TROLLS. Thanks.
You mean don't quote the
bear trolls, right? Because I see the bull-trolls aka marketers getting quoted all the time, and nobody seems to have a problem with that.
And who are they?
They're not hard to spot: Take a look at anyone who does nothing but spam trains and/or talk down to bears whenever there's a $10 increase in price. Some of them switch back and forth audaciously depending on whether they're in or out.
EDIT: If you're asking only because you're curious about whether I was referring to you, the answer is no, not really.
I wasn't but thanks
546.
Post 9227427 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
I wouldn't be surprised if i wake up and its over 400 tomorrow morning
547.
Post 9231937 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Looking to buy again next day or two. 3day MACD kept barely negative by the obvious selling yesterday. This weekend could be exciting. We may dip lower, or instead take out 4xx again and stairstep higher. If we go below 350 for any length of time I will just buy immediately. At this stage I am assuming we have bottomed at 275, with some pretty monumental support visible there. I suspect we have a few weeks at most before surging higher on high volume, leaving bears scratching their heads and remembering that little heard word on here, fundamentals.
548.
Post 9233307 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
TL;DR: I think it will be in the form of bitcoin, but, even if its not bitcoin, it will be something else." Lol.
Not really the TLDR.
He is massively bullish on btc. Try watching the video rather than selecting a quote out of context.
We all need to make independent choices. But Marc Andreesen has made a lot of good calls in the past. You on the other hand..?
549.
Post 9233354 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
...But Marc Andreesen has made a lot of good calls in the past. You on the other hand..?
I wouldn't be surprised if i wake up and its over 400 tomorrow morning
...just like the day before
Off to bed. Probably be over 400 when I wake, eh Shroomskit? Nn porkchop
It's 373, inca, it's 373
Try answering my last post. The short term price movements are irrelevant to me.
550.
Post 9233361 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Looking to buy again next day or two. 3day MACD kept barely negative by the obvious selling yesterday. This weekend could be exciting. We may dip lower, or instead take out 4xx again and stairstep higher. If we go below 350 for any length of time I will just buy immediately. At this stage I am assuming we have bottomed at 275, with some pretty monumental support visible there. I suspect we have a few weeks at most before surging higher on high volume, leaving bears scratching their heads and remembering that little heard word on here, fundamentals.
"We are about to go up" Inca - every day.
Are you and pork chop the troll double act?
551.
Post 9233574 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Short pause while I had my haircut there
I see no evidence that a trend change has been invalidated. Until then I will put the bull case that I see. Not going to apologise for that.
As I have said before we will see who is right. You keep posting your unicorn pictures and feeling clever. You know better than Marc Andreesen pork chop. This forum is littered with characters like yourself.
Why not post some convincing analysis that the price will fall further?
552.
Post 9235233 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Yes blitz. But some on here won't see any bull scenario until we are well up into the high 4xx's.
553.
Post 9235360 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Yes blitz. But some on here won't see any bull scenario until we are well up into the high 4xx's.
Way later IMO, I think there will be denial unless we break 680.
Also, a good technical picture doesn't guarantee anything, it just gives good chances that any downturn will likely not be severe. I actually wouldn't be surprised if we saw a longer period of sideways/fakeouts.
Very possibly. Unless something unexpected spurs things on sooner.
Buying at 70% below the previous ATH seems a good place to accumulate. Newcomers will likely think so too.
554.
Post 9235446 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Every newcomer quickly leaves after he realize every buy he makes gets dumped on.
Evidence? You talk about dumping more than a colorectal surgeon.
555.
Post 9235848 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
News don't matter for shit, how can you still not get that after this many years?
thats BULLSHIT!
news makes 0 difference in the short term , all it dose if give an excuse to push buttons or to hold off pushing buttons. i agree
but you can't tell me dell accepting bitcoin, court case's recognizing bitcoin as money, and the likes, have no effect on the overall value of these coins.
The last six months is your answer. Price leads sentiment. That's it. News is incorporated into the narrative to explain away the price action.
556.
Post 9235899 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Russia FUD
Why do you keep spamming that over the forum?
557.
Post 9235946 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
News don't matter for shit, how can you still not get that after this many years?
thats BULLSHIT!
news makes 0 difference in the short term , all it dose if give an excuse to push buttons or to hold off pushing buttons. i agree
but you can't tell me dell accepting bitcoin, court case's recognizing bitcoin as money, and the likes, have no effect on the overall value of these coins.
The last six months is your answer. Price leads sentiment. That's it. News is incorporated into the narrative to explain away the price action.
i'm saying some things give BTC more utility, and maybe the market is more concerned with pricing in the crowd of profit takers waiting to take profit and leave, in the moment, but in the end, in the long run, these "newses" really do matter way more than what the charts say or even what the current market participants do. period the end.
I agree with you there. But what you are saying isn't popular here in chart land. You are saying the news is driven by changes in the fundamentals, which recently (despite pork chops assertions) are near universally positive!
558.
Post 9235985 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Russia FUD
Why do you keep spamming that over the forum?
That's a Coindesk article. Coindesk is a pro-Bitcoin publication, AFAIK.
If you think Bitcoin's leading news source is spreading FUD, I suggest you invest in better tinfoil.
I am aware of the source. The question was why are you spamming it over the forum?
559.
Post 9236008 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
It's a very odd situation all around. I don't doubt this is a short term reversal, but I expect new lows within 6mo. Unlike a reversal at, say, $50 in April where the selling pressure was never going to culminate to that level again. (At least, not yet.)
Another thing: the market was very oversold at <400. A bounce was certain at some point. I think I had been calling for a bounce since $400. It never came until $275.
So I'm still sticking to >450, then rollercoaster, then <300. Sometime within 9mo, <200. But if you don't mind mid term trades then this seems like asafe time to buy.
What is your reasoning for continued price falls down to a sub 200 price? And please don't say free Willy.
560.
Post 9236099 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
It is over two weeks old, entirely irrelevant to this thread. Spam.
561.
Post 9236271 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Anyhow, no need to get upset
562.
Post 9236311 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Juicy stamp bid wall. Why does the action always happen when I'm at work
563.
Post 9236344 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
Ha
564.
Post 9236374 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.24h):
When I wake up tomorrow morning..er
565.
Post 9245668 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Maybe no coincidence that the WinkDex app is just launched...
I highly doubt. Nobody besides the SEC knows when Winklevoss Bitcoin Trust is going to be approved. And if he was referring to Barry Silbert's bitcoin ETF, than we would have heard something from Barry about it on Twitter, etc.
Are you familiar with the concept of front-running?
566.
Post 9245709 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
if only you had bought more when you signed up
So true. People who been around since early 2013 or earlier and still didn't invest much/paid attention to it tends to become pure poison later.
TL;DR - BUY BUY BUY!
disclaimer: mmitech, you're not that bad though, compared to others
Buy and hold is always the best strategy. It becomes apparent when you look at the bears who were here 2013 Q1 and prior.
If you can hold long enough and add on dips then this remains the lowest effort approach, obviously predicated on bitcoin price rising in the future. Hopefully buyers from after the last ATH will be rewarded (and bears realise, again, because bitcoin) soon enough. The market can be a cruel beast though
567.
Post 9245751 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
There should be a site with a roll call of fallen bears who got 10x KO'd by bitcoin. Would be quite a list. If bitcoin becomes massive in the future it would be a hilarious list of modern day skeptics decrying the automobile, electricity or the internet as a passing fad.
Some of their entirely logical but wrong arguments against the adoption of btc and crypto could be preserved for posterity. Reasoning why the price is headed to zero. Oops!
568.
Post 9245808 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Don't worry lamb chop. You aren't a true bear. More opportunistic I think.
569.
Post 9245857 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
So. We busting through 400 this time or next attempt?
570.
Post 9245954 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Keep making fun of me, Karma will pay back good... and I wont lie I will love to watch you when it happen.
Thanks for the warning!
Why is it always bears warning of bitcoin's upcoming collapse? You guys have pronounced it dead at least four times already yet it seems fine to me!!
571.
Post 9246206 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
How is it that such stupid people have so much money to get rid of?
It is a great graph. But more important in my view is money velocity (cratering) and total credit market debt. When monetary velocity picks up the inflation is going to be something epic.
572.
Post 9246302 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
How is it that such stupid people have so much money to get rid of?
It is a great graph. But more important in my view is money velocity (cratering) and total credit market debt.
When monetary velocity picks up the inflation is going to be something epic.Will this actually happen?? Isn't it more of a stretched or drawn out proccess?
Basically negative real interest rates is devaluing Western currency annually. The credit market needs money to become devalued so a new credit cycle can blast off again (people borrowing). All those excess dollars have been used to buy government debt and increase the money supply or have been given to private banks in exchange for worthless assets. That money isn't moving because people hoard in a depression/recession. Once it starts moving inflation is inevitable. Timing is another matter.
Oh and if they turn off the QE programs privately then the markets all crash, asset prices crater and rates rise, causing an economic catastrophe. So they are trying to gradually get out of the markets by tapering. Basically the central banks in preventing a global depression have dislocated markets from true price discovery and noone knows what anything is really worth. But everyone knows it is all being held up by money printing. True markets and capitalism are currently dead. That is why I think bitcoin is so interesting.
573.
Post 9246362 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
@Richy_T:
Whoa. So even when BTC dollar price goes up, its actual value is still tanking... Nice to know.
I know you're trolling but I hope others can see how disconnected from logic and mathematics that statement is.
What are you suggesting by posting that chart?
That there is an oversupply of dirty fiat and financial instruments are in a bubble. I was simply answering hdbuck's question of where people are getting all this money from.
"So even when BTC dollar price goes up, its actual value is still tanking... "
If BTC $ price doubles while the the dollar's value falls by more than 50%, BTC's actual value has fallen.
Now you know.
Stop being naughty. Narrow money is not the value of the dollar!
574.
Post 9246375 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
@Richy_T:
Whoa. So even when BTC dollar price goes up, its actual value is still tanking... Nice to know.
I know you're trolling but I hope others can see how disconnected from logic and mathematics that statement is.
What are you suggesting by posting that chart?
That there is an oversupply of dirty fiat and financial instruments are in a bubble. I was simply answering hdbuck's question of where people are getting all this money from.
"So even when BTC dollar price goes up, its actual value is still tanking... "
If BTC $ price doubles while the the dollar's value falls by more than 50%, BTC's actual value has fallen.
Now you know.
Stop being naughty. Narrow money is not the value of the dollar!
That brings us back to "What are you suggesting by posting that chart?"
Yes but it gets all complicated when you add credit and base money together
575.
Post 9246400 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
@Richy_T:
Whoa. So even when BTC dollar price goes up, its actual value is still tanking... Nice to know.
I know you're trolling but I hope others can see how disconnected from logic and mathematics that statement is.
What are you suggesting by posting that chart?
That there is an oversupply of dirty fiat and financial instruments are in a bubble. I was simply answering hdbuck's question of where people are getting all this money from.
"So even when BTC dollar price goes up, its actual value is still tanking... "
If BTC $ price doubles while the the dollar's value falls by more than 50%, BTC's actual value has fallen.
Now you know.
Stop being naughty. Narrow money is not the value of the dollar!
That brings us back to "What are you suggesting by posting that chart?"
Yes but it gets all complicated when you add credit and base money together
The question stands: What was the intended message of that chart, beyond "oooh, scary!"?
I didnt post it. But try comparing it a chart of bitcoin issuance from 2009 to 2140
576.
Post 9246430 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
...
The question stands: What was the intended message of that chart, beyond "oooh, scary!"?
I didnt post it. But try comparing it a chart of bitcoin issuance from 2009 to 2140
Then why respond?
Stop trolling.
577.
Post 9247642 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Nice buy wall there holy cow biggest I have seen in a while.
It seems to have accomplished its purpose over the 9-10 hours it's been there. The price has risen from 2300 to around 2400.
I bet he's a buyer and not a let me send over $3 million to an exchange to pump the price...guy
We should know by tomorrow morning China time anyways..if he begins to chase, pulls it, or leaves it as is
My thoughts exactly. It seems strange that such a large order would sit there untouched that long without being moved.
If indeed whoever placed it is sleeping, it probably is real. If it was set to be pulled if sold into past a point, one might think that it would also be set to be moved up if it got left too far behind.
I guess we'll find out in a few hours. If it were to be pulled and used for a market buy, it would seriously bump the price up.
I think it illustrates that a few million dollars can push and hold the price in any direction with ease.
578.
Post 9249021 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
...
assuming you invest in a currency of country which has a limited supply of money and you can be pretty sure that it will never be changed.
assume further that this country has the possibility to fill some niches in the global economy
you think it is insane to invest in the currency of this country?
If the currency is inflating @ 10% a year, and its dollar exchange rate has fallen by more than 50% in 2014? Let's just say "not very smart."
the dollar exchange rate has increased by around 150 times in the last one and a half years - very smart investment
induction as an indicator over time is stupid.
you can argue that my assumptions are wrong or that the niche is very small but arguing over charts is beyond stupid
if these assumptions are true and the niche is big enough you can say that investing in this "currency" is sane.
Bitcoin's exchange rate has gone up infinitely over the past five years. There once was a time when it was worth exactly nothing. Extrapolating from that, your future profits should also be infinite.
If you wish to get back to reality, you may consider Bitcoin's performance in recent past. Since December of 2013, the price has been steadily declining.
If your reasoning proves anything, it proves entirely too much. It proves that any investment which did well in some distant past is bound to be profitable in the future. Regardless of its recent performance.
I hope I do not need to dwell on the folly of such assumptions.
Re. "induction as an indicator over time": wat?
what I said is that you cannot take the price as an indicator of the quality of an investment - you cannot build a theory from observation if the observation is constantly changing (as the price or the chart of bitcoin).
So much for watching walls and all the TA silliness... Sadder still, so much for the notions of price reflecting the market sentiment.
what you can do instead is build a set of assumptions and say if they are valid or not valid.
If price does not reflect worth now, assuming that it will in the future requires an irrational leap of faith. If you like that logic stuff.
to be fair you need a point of reference - according to this
http://www.reddit.com/r/Bitcoin/comments/1sowur/how_is_a_2600000000000_market_cap_for_btc_possible/the market cap of gold is 8 trillion, the one of us bonds is 35 trillion - bitcoin at this point of time is 5 billion [I think most people do not realise how small this on a global scale].
so golds market cap is more than 1000 times higher than the one of bitcoin - I assume that bitcoin never catches up, but to assume that there is place to grow is definetely not insane.
at this point we do not know how big the niche of bitcoin in the financial will be and let us not end arguing about pascals wagers, but that the niche is potentially existent is reasonable.
But Pascal's wager is exactly the fallacy you're leaning on. You are ignoring all recent price data (showing that demand for Bitcoin is declining) in favor of extrapolating from the potential upside.
By that logic, I should invest in any d00d who tells me he'll conquer the world. The upside is limitless, the downside finite.
Here's the problem with your reasoning: The likelihood of Bitcoin becoming world's major currency is slim enough to make me (and my Lizard Overlords) laugh. If it does become a threat to the status quo, it will be banned--already talk in Russia of criminalizing it. It won't vanish, but it certainly won't thrive.
A couple of brief points. Firstly, sentiment reflects price, not the other way around.
Secondly, you seem very happy to post the chart from the recent ATH to now - I wonder why. Others, myself included prefer to quote the long term multi year log chart, or perhaps a chart from 275 upwards to now. Based on those charts bitcoin is in fact trending upwards.
Your argument against bitcoin rising to become a global reserve currency is a bit silly. Bitcoin doesn't need to be more than a tradeable digital asset and it can still move up two orders of magnitude easily in market cap valuation.
579.
Post 9249063 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Sorry odalv I keep forgetting he is widely ignored!
580.
Post 9249690 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Thought experiment porkchop. The price of bitcoin is high. Newsflow is overwhelmingly positive, adoption rates and infrastructure are steadily increasing.
The price is repeatedly hammered by an early adopter selling out 200,000 coins over a few months. What happens to market sentiment?
At the end of a bear market the price rises. What happens to sentiment?
581.
Post 9249928 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Bit disappointed by your response there lambchop. Was hoping to learn something. Anyone else care to chime in on whether price leads sentiment or the reverse?
582.
Post 9252744 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
I wonder what will happen with the Huobi bid wall, because this correction should test support at 2200.
You mean this incredibly low volume drift? lol
583.
Post 9253434 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
On this sleepy Sunday the price could go either way from here. But it would be nice to catch out those opportunistic sellers on stamp and finex with sharp move upwards
584.
Post 9255440 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Jonoiv: if i had to guess, what you said would be it. But it is a guess!
585.
Post 9257100 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Am I the only one here who considers the recent bullish sentiment to be irrational?
The bulls' main argument for a trend reversal seems to be the fact that, after falling ~$400 from this summer's highs, we have seen the first really significant bounce upwards. Honestly, I think that crashing really hard after a months long downtrend isn't exactly the best advertisement for potential new buyers, despite the bounce. And we urgently need those newcomers in order to absorb the constant downward pressure applied by newly mined coins.
The irrational bullishness expressed both here and on reddit indicates to me that the bulls have mostly already gone "all in", hoping to catch the start of a new bubble. And now the price is mainly pushed further up by traders on margin riding the momentum (
dollar-swaps on finex touched $24M just today!) and shorts getting stopped out. I don't think this is sustainable without a significant influx of new buyers (and holders) who help to carry the price further upwards.
Meanwhile, the chart on google trends for
"bitcoin" is going back down after that last disappointingly small spike which was probably caused by both the recent crash and the release of the "rise and rise" documentary.
The chart for
number of transactions may be increasing, but the ones for
transaction fees and
dollar-value of the transactions are going sideways. I consider especially the transaction fee chart as noteworthy, because it actually costs money to manipulate the chart and because it is not influenced by old coins moving around. My logic is that more transaction fees being paid could indicate more newcomers coming in, who only have non-fee-free coins to move around (besides indicating an increase in "real, non-manipulative" movement of coins, of course).
Volume seems to be decreasing for now, too.
Media hype is also not there, and I don't perceive the interest regarding bitcoin outside of the bitcoin related message boards as especially encouraging.
My personal guess is that bulls aren't going to give up yet and will try to give it another push to higher price levels. But I would be surprised if we actually made it to $450. From there on I expect the rally to fizzle away like the one in summer. We couldn't sustain a bull rally back then, even though there were significantly fewer coins in circulation at that time. We couldn't even sustain prices above $400 after that,. And I don't see how suddenly we could sustain such prices now. Nothing really has fundamentally changed after that crash below $300. So I predict the continuation of the downtrend after the next push upwards.
All IMHO, of course.
Not sure why you think a high volume reversal after a long drawn out bear market and subsequent price rises indicate irrational bullishness. Most technical indicators are now turning bullish. We are still 70% below last ATH.
New users won't be buying us up from here IMO. They won't buy in until the next media circus.
How else are you expecting the bear market to end? Are you short?
586.
Post 9258303 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.
Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a
sustainable rally to develop.
Remember that inflation used to be much higher
587.
Post 9262338 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
If we hold here then 400 is toast in short order.
edit: Just bought from circle. God it is easy.
588.
Post 9264523 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Fundamentals good... looks like this s--- doesn't want to stop going down, though. Bugger, bugger, bugger!
Stamp at 384 after a failed dump. What are you wittering about?
589.
Post 9264611 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Being short must be stressful newbie.
Back in the real world a single buy would take us over 400 and make the technicals scream we go higher. Until someone nibbles we drift.
590.
Post 9264636 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
The huobi wall moved up slightly?
591.
Post 9265929 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
...confirmed
we are over the hill now, stepping down and further down
Pretty subtle decline. Huobi bids massively outnumbering asks. Nothing happening on Western exchanges from what I can see. One spike up or down in China to decide play methinks.
592.
Post 9266011 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
2700btc wall at 2340 @Huobi
Looks like 9k whale is moving his bids up... Will be intersting to see what happens if someone starts selling into it
It was 1300 10 mins ago. Got almost eaten. Then he refreshed it to 1200 again and it was entirely eaten. After that he put another one 2700btc.
Exhaust the sellers before the big push!
593.
Post 9266048 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Come on whales!
594.
Post 9268574 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
It is highly unlikely to take years, probably just a few months.
595.
Post 9280972 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Shorts climbing again. Silly bears.
596.
Post 9281010 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Ha. 3D MACD going green. Looks like main engines are primed to me. Short away!
597.
Post 9281163 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
I wonder if adam could do a little poll.
What will we see first: 200 or 600.
598.
Post 9281191 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Looks like bid support is piling up massively on huobi, too. Not long now.
599.
Post 9281215 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
600 lol
cant stay above 400 for more than few hours.
It doesn't seem to be able to stay below 370 for more than a few seconds either..
Edit: once a few more of you doomers are sucked in and go short, I expect a high volume breakout to squeeze things upwards. Sticking a line on bitcoinwisdom shows we only need to reach roughly 480 and the downtrend from the ATH is confirmed. A few more days of oscillation should do it.
600.
Post 9281406 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Ha. 3D MACD going green. Looks like main engines are primed to me. Short away!
Predicting based on a macd is as accurate as throwing dice. You STILL did not notice that?
Not sure that holds up to back testing there old chap.
601.
Post 9294852 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Its obvious that buyer are afraid of whale, while whale are in constant bear mode which mean they have constant influx of coin, this will not change until next halving. i guess
Guess again.
602.
Post 9294990 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Sure an ETF giving access to investors (for the first time) who want to dabble in bitcoin in a tax efficient way will have no effect upon the price. That multi trillion dollar capital reservoir is not going to increase the price whatsoever. It is priced in!
Bears hoping for bitcoin to collapse and a) get rich on the decline, b) buy back in lower, are sounding a little silly now with recently outed bitcoin investors being a who's who of Silicon Valley entrepeneurs and billionaires.
603.
Post 9295996 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
...
One could suggest they are responsible for current price action.
...
One could, if one was really desperate.
You would know about desperation
I do. This thread oozed it ever since the bubble popped.
Which of the numerous bubbles are you referring to specifically?
604.
Post 9300039 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Bitcoin is over. Time to face the truth.
Stop talking your book you noisy troll.
Pretty heavy volume. Any actual news or just the boys having fun?
605.
Post 9301424 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
I'm buying with both hands. Wiring money over to buttstamp. Yolo
Hopefully we can hang on below 400 before my next purchase.
Edit: hopefully a few more shorts opened up on that dump.
606.
Post 9301493 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
I'm buying with both hands. Wiring money over to buttstamp. Yolo
Hopefully we can hang on below 400 before my next purchase.
Sounds like a safe bet. When r u planning 2 buy?
When the salary clears. I tend only 'trade' when I see a big drop (bought at 300, sold out original stake at 399). I add monthly 5 - 10 coins as a 'dollar cost average'.
Edit: Far more fun being a long term holder IMO. My job makes checking the price occasionally impossible for many hours at a time.
607.
Post 9301585 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
...bought at 300, sold out original stake at 399...
Every bull here bought @300 & sold at 400. ...while always being "all in."
Your expertly timed paycheck cleared just as that 300 sell wall popped up.
gg
It is documented on this very thread that I bought in at 301 or thereabouts with a big tranche of cash. It is well documented on this forum I am a bull and long term holder.
Your motivations are more shadowy
608.
Post 9301734 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
...
It is documented on this very thread that I bought in at 301 or thereabouts with a big tranche of cash. ...
It's also documented on this very thread that you were telling people to buy all the way down to 300. Lucky you yourself didn't have the $ to buy 'til that sell wall popped up, is all I'm saying
Not that anyone should listen to any advice on this forum, but I don't tell people what to do.
You are aware that most people have a portfolio of assets right? You think we are all in on btc (lol)? Myself I am gradually building as large a position as I am comfortable with (started in march/april 2013). Sure I will step in if i think the market is massively oversold as it was during the drop to 275. I am not able to time the market except in really extreme moves to trade with any success (learnt from past mistakes!)
As I said, your motivations in trolling this forum remain shadowy..
609.
Post 9301752 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Somebody needs to keep these bulltards honest. Thank you NotLambchop
Thanks for the worthless commentary!
610.
Post 9301785 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
Somebody needs to keep these bulltards honest. Thank you NotLambchop
Thanks for the worthless commentary!
this whole thread is about worthless commentary.
True. The spice must flow!
611.
Post 9302018 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.25h):
...
It is documented on this very thread that I bought in at 301 or thereabouts with a big tranche of cash. ...
Not that I don't trust you, but how's about a link for the doubters?
I am not going back to look for it but you can probably dig it out by using the date from the chart. I bought circa 301 and posted here (which i rarely do).
The important question is, is this a correction before blast off? Or are we going to retest the low in some way. You know my guess
Edit: shorts back up to 11,800.
612.
Post 9307712 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
What a depressing day. Bitcoin down 30 dollars and side chains emerge as a potential bitcoin killer.
613.
Post 9323432 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
May get chance to buy with my trading tranche if we reach 300 again. Bit disappointing this bitcoin market. We may need a retest of the absolute lows again.
614.
Post 9323624 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
<crap>
The price will fall to zero because recently it has been falling. Amazing market insight.
615.
Post 9333680 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
But but but..I was told the price would fall forever because ..charts!
616.
Post 9333705 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
"We're in a downwards trend. It doesn't matter that buying pressure exceeded 30k BTC of selling pressure at 300 and the price is going up. The market and the price are just too stupid to realize that we're not in a trend reversal!"
It really is funny. I've been insulted/made fun of for my bearishness since the bubble popped at the end of 2013. Being bearish used to be the contrarian position. Nowadays, being bullish is the contrarian play, just look how people will continuously attack you for stating relatively reasonable positions (that the conditions under which 275 has happened may not repeat again).
Being leveraged short now when doubt about the bear market being over has emerged would make traders defensive. They know the tide is turning. Hopefully a few of the less savoury characters on here will be caught pants down
617.
Post 9333941 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
Everyone and their mom is shorting bitcoin. Guess what will happen.
They will save Bitcoin's price from flash-crashing below 200$ during the next big dumping rape which seems to be probable according to historical data?
You mean the chart points down on your preferred timescale?
618.
Post 9333955 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
Hi. I just was in future. Bitcoin was dead, and the bitcoin chart looked like this.
Is this confirmed guys?
The volume tells a different story..
619.
Post 9340231 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
If crypto goes mainstream it will not be anonymous.
620.
Post 9340344 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
Please explain to me what the perceived value of Bitcoin is?
Other than being decentralised, frictionless, borderless, non counterfeitable, cryptographically secure and algorithmically scarce?
621.
Post 9340549 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
If crypto goes mainstream it will not be anonymous.
if cash goes mainstream it could never be anonymous ... see how stupid that sounds?
Market will choose the best money available and that will be anonymous, private. Anything less is shitty prison money for slave plantations, even sheeple get that.
I don't think the average person really cares that their financial transactions are totally anonymous. The average person does not understand the simple concept of inflation.
Markets choose the best option available to them. Completely anonymous cryptocurrency will be stifled by the existing power structures if it tries to rise up. Bitcoin or a successor is good enough.
The comparison with cash is not particularly useful. Cash is being phased out in the Western world fairly rapidly, with not a whimper from the sheeple either.
622.
Post 9340564 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
Please explain to me what the perceived value of Bitcoin is?
Other than being decentralised, frictionless, borderless, non counterfeitable, cryptographically secure and algorithmically scarce?
Everyone on here knows that Bitcoin is better than fiat however, for the rest of the world if they don't have any Bitcoin...why should they go through the hassle of using it?
Why did you buy it, obsess over it, etc?
623.
Post 9340635 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
Amir Taaki and Cody Wilson are developing Dark Wallet for BTC. Then BTC will be 100% anonymous (if you use Dark Wallet of course). There's nothing you can do to stop them.
Laudable aims, though I would prefer 'privacy wallet' or something a little less deliberately provocative. Whilst I agree with the premise of the project in principle I think they are terrible PR for bitcoin right now.
624.
Post 9340701 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.26h):
Amir Taaki and Cody Wilson are developing Dark Wallet for BTC. Then BTC will be 100% anonymous (if you use Dark Wallet of course). There's nothing you can do to stop them.
Laudable aims, though I would prefer 'privacy wallet' or something a little less deliberately provocative. Whilst I agree with the premise of the project in principle I think they are terrible PR for bitcoin right now.
They are being provocative on purpose.
Great. Everyone is free to do what they like. But IMO bitcoin as a growing idea and concept billowing out into the wider world is provocative enough right now without creating a poorly named wallet and saying you have no problem with ISIS using it on a bbc interview.
Despite what Marcus says about the 'sheeple' wanting the best form of private money going, the general public take a dim view of supporting terrorism and tend to believe whatever rubbish the MSM feed them as the truth.
625.
Post 9348557 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.27h):
Last chance to get out at these extremely high prices. We're heading to 250 soon.
Thanks for the warning. Could you tell me this weeks lottery numbers again?
626.
Post 9348979 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.27h):
Is the wind turning?
Shorts at ATH for the year and the price is holding at 355. Three day MACD green candles are lining up. Meanwhile the bears are sure the price is going to fall lower, they have been conditioned to expect it. Interesting inflection point.
627.
Post 9349102 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.27h):
you are saying the next 24 hrs are critical?
Yes, the next <insert time period here> is definitely critical.
628.
Post 9349928 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.27h):
Epic battle of our time sounds good. Bulls versus Bears. Good vs Evil
629.
Post 9350032 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.27h):
630.
Post 9351426 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.27h):
Shorts at ATH. MACD green for three bars. Market oversold. Yep we are going ..up
631.
Post 9362241 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.27h):
Wala? Voila maybe?
I thought you said you were leaving. A lot of us no doubt had our hopes up you meant it.
632.
Post 9369070 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.27h):
I just don't get it, it went $7 and you are complaining, what will you do when we hit sub $1xx ?
Wake up in a sweat?
633.
Post 9370000 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.27h):
BTC is an pyramid scheme, not an ponzi scheme.
Actually it is neither. And it is 'a', not 'an' in both instances.
634.
Post 9370217 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.27h):
less than 2 hours to the FOMC announcement... what kind of effect will it have on btc/usd price?
In general in BTC markets when we break key support levels like we just had there's nothing that can be done to stop the dumps until we find a local bottom much lower.
News won't do anything IMHO.
The key support level we were at three days ago?
635.
Post 9385848 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Perhaps BTC can launch interceptors with a side chain ethereum clone?
636.
Post 9385869 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
If the three day MACD signal is accurate then the price will have to start moving up a fair bit soon.
637.
Post 9386072 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Soon those idiots will come and dump to take their 50$ profit. Fuckin traders.
Edit: Oh, wrong account.
lol
638.
Post 9387260 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Methinks we crash below $200 within 8 hours.
Lol bull shit
Methinks he is caught short...
639.
Post 9387279 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
What people overlook is that a price fall from $400 to $200 requires as much doom, gloom, hate, FUD, despair, bear-mania, as the entire fall from $800 to $400. Unless there is a breakdown of the Bitcoin protocol, it becomes exponentially harder for the price to collapse downward. There is a floor, and maybe $275 was it, and $333 the lowest retrace.
Excellent point. But they don't overlook it, they just choose to present the doomer book talking view instead
640.
Post 9398231 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Slightly poor taste given a pilot died in the crash today.
641.
Post 9398688 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
It's gonna bounce extremely hard when we find our low, till then expect crashes to continue. A week or little more if it continues like this btc will be below 200. I guess the first miners are switching off now.
So you are predicting a 40% drop in the next week or so, after a 70% decline from the ATH? Good luck!
642.
Post 9401977 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Zero volume then the large dumps simply means the price is being guided lower to paint the chart, nothing organic about it. I suppose a retest of the low could be on the cards.
Market has to confirm an absolute bottom first. I doubt we go lower than 300 (simply because that is where my buy order is).
I don't know why you get so excited about traders shroomskit. They are a zero sum game, flies chasing the whales, adding depth to the orderbook for real buyers and sellers to use.
643.
Post 9402105 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
How do you know we will go up? Because we did so in the past and Bitcoin will forever just magically go up?
Why would it magically just go down forever? It has never done that before.
When the short sellers cannot dump the price lower because demand keeps the price from falling lower then they will stop. It stopped at 275 and rebounded higher on heavy volume. If it bounces on decent volume above that then the floor is confirmed technically and we can rally higher. I am disappointed the price has drifted back down but that is life.
644.
Post 9402192 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
How do you know we will go up? Because we did so in the past and Bitcoin will forever just magically go up?
Why would it magically just go down forever? It has never done that before.
This is probably the dumbest thing i'm gonna read all day.
For someone who spams this thread daily with bile and negative commentary, you actually know surprisingly little about market dynamics. That probably explains your bad attitude.
645.
Post 9402589 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
How do you know we will go up? Because we did so in the past and Bitcoin will forever just magically go up?
Why would it magically just go down forever? It has never done that before.
This is probably the dumbest thing i'm gonna read all day.
For someone who spams this thread daily with bile and negative commentary, you actually know surprisingly little about market dynamics. That probably explains your bad attitude.
Coming from someone who's only market analysis is "we are about to go up".
Hilarious.
Being a long term bull is different from parroting the same crap every day.
646.
Post 9402966 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Parroting the same crap every day based on nothing but blind faith is all you do. More than pretty much anyone else here.
See VC investment, merchant integration, wallet numbers, transaction graphs etc..
647.
Post 9402983 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Am I a bad person if i have lent some of my coins out on finex in btc swaps?
648.
Post 9403177 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
What do you say? Thank you for the profits?
You're welcome.
Remember: it's only a profit if you lock it in by selling.
If you are talking about shorting, then you mean buying.
649.
Post 9403468 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
No i think the situation can be summed up by simply looking at the 5 or 15 minute chart and lowering your eyes to the volume ticker. Price entirely moved by interval dumping. But yes it falls further
edit: weeeeeee!
650.
Post 9403517 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Time to turn the book-talking up to maximum short selling fleas!
Enjoy using my coins by the way, just remember to give back the interest..
651.
Post 9403663 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Time to turn the book-talking up to maximum short selling fleas!
Enjoy using my coins by the way, just remember to give back the interest..
Ya that's the spirit. Short it until double-digits. Masterpiece that
You are aware that you must buy back every coins with an additional interest you sell short, right?
The real problem isn't margin trading but those who sell for good. Margin trading only helps to speed things up.
I haven't shorted, I have lent my btc in swaps on finex to hedge the decline.
edit: no magical ponies in sight, actually it is you lot paying the daily interest..thanks
652.
Post 9403696 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
You must be new here, I saw allot of people leaving the board after being skeptic about Bitcoin or because of getting burnt or frustrated or simply losing interest... I saw few turning millionaires and many others losing all their investments due to volatility, heist, scams, theft, or closing services... and let me tell you something, Bitcoin ecosystem is full of this shit.
You mentioned only a few posts back you were leaving, yet here you remain..what happened?
653.
Post 9403873 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Permabulls keep hoping, but what do they know?
The real danger is not finding a new bottom from which a slow bull market can develop, that's normal,
the danger is that too many whales could panic sell below 300$ so the new bull market won't be able to
develop and we could see an extension of wave C and eventually possibly double digits.
Anything is possible in a thinly traded market. But bitcoin days destroyed is not showing anything like what you suggest. In fact the chart of the largest holdings shows they are accumulating not divesting. I wonder why
654.
Post 9403944 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
...
I'm being fisted by a bunch of geeky early adopters of a disruptive technology...I guess
May have been the case before early 2013. Now bigger, smarter, girthier kids are providing the surprise buttsecs.
There is way more money in it for them to rally the price higher yet again than crashing the market into the floor. Hundreds of millions of VC money, infrastructure, rising user numbers, potential ETF to draw in investment capital. It's really a matter of when we go up. There is too much money to be made in this space for us not to mount another bubble or three. I still think this is all a distribution phase prior to the next run up. Unless we smash below the previous ATH on heavy volume, bitcoin days destroyed goes berzerk, or the black swan - the US comes out and bans bitcoin.
655.
Post 9404443 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
fonzie isnt fonsie, though?
656.
Post 9404935 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
<snip>
it's called "going down"
You mean gone down. What happens next is what we are interested in. But thanks
657.
Post 9406559 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Ok the price is going nowhere. Off out for a few pints.
658.
Post 9408602 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
...and yet difficulty is up and the number of transactions is at its highest.
Yes curious divergence isn't it. Something has to give
659.
Post 9412233 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Price goes down very slowly... hope that something happen and price will rise up because price is too much low now
Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket.
Even all the trolls in here want it to go up once they buy in. They just don't want you to know.
Why will it eventually go up?
Why do so many here act like that is a fact, like it's guaranteed.
There is more to bitcoin than a price chart.
660.
Post 9413217 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
its seems like its going down down and down
It's the weekend, relax.
661.
Post 9413391 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
BTC swap rights dived on finex..noone wants to borrow btc..
662.
Post 9414024 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Inca, what happened to your posts about how big money secretly is accumulating and all that other bullshit?
Haven't seen any of those in a while.
Finally waking up from the fantasy?
We are clearly still in an accumulation/distribution phase. No secret about it. Just look at the 100 and 500 largest addresses and do some rudimentary analysis instead of trolling over day trading whipsaw noise.
663.
Post 9414243 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Inca, what happened to your posts about how big money secretly is accumulating and all that other bullshit?
Haven't seen any of those in a while.
Finally waking up from the fantasy?
We are clearly still in an accumulation/distribution phase. No secret about it.
Just look at the 100 and 500 largest addresses and do some rudimentary analysis instead of trolling over day trading whipsaw noise.
Yes clearly everyone is accumulating. Everything is going according to plan.
You really live in a fantasy world, don't you?
You seem to have trouble actually reading the content of the posts here.
Who cares if everyone is accumulating? You and most of the 'traders' on this thread are a zero sum game anyway, just trying to catch little waves in the price. Large addresses (i.e big money) are accumulating. When bitcoin days destroyed spikes up, or the US regulatory framework suddenly becomes very hostile, or we smash below the previous ATH on heavy volume and keep going then perhaps I will rethink my position.
Until then this seems a good point to accumulate, and I will continue to lend BTC swaps to slowly leech some btc out of the trading pool into my own account.
664.
Post 9416513 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Price goes down very slowly... hope that something happen and price will rise up because price is too much low now
Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket.
Even all the trolls in here want it to go up once they buy in. They just don't want you to know.
Why will it eventually go up?
Why do so many here act like that is a fact, like it's guaranteed.
You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome.
Other than that throughout 2014, the flow has been from BTC to USD, you got a solid argument there
You can not say it has gone up or down unless you at the same time choose a timeframe. You could easily select two year's timeframe. Going down this year is annoying, but it does not change the big picture.
If you are suggesting that since its inception (when its price was exactly zero), BTC had nowhere to go but up, I agree with you. Buying it at zero would have been a no-brainer. If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"?
According to your logic, the flow has been from USD->BTC. But... then it wasn't, for close to a year now. Explain this shit.
To anyone who didnt buy in after the last run up the answer it pretty obvious. Zoom out on the price chart.
665.
Post 9416710 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Don't worry lamb chop I can handle a bit of volatility. Not everyone who is bullish bought in at 1200 you know
666.
Post 9416754 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
>Bitcoin lasts 5-20 years
<crap>
That is the end of that discussion then..
667.
Post 9416844 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Why not just tell me how much ur hodling, so I can put some numbers to the lel?
What, a bit like 'i'll show you mine if you show me yours?'
what is lel?
668.
Post 9416912 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Why would I be ashamed? I think bitcoin is great.
How many short contracts are you short? How much cash have you got in the bank? What car do you drive? What is your occupation?
Edit: the point being it isn't really relevant.
669.
Post 9423934 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.28h):
Lot of fear mongering on here today. Underwater shorts?
670.
Post 9437330 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.29h):
Not seen a shred of proof that Willy was fake anywhere yet..perhaps someone could point it out for me.
671.
Post 9437426 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.29h):
I read that hearsay when it came out - released to do as much market damage as possible. I mean't proof, not just someone's blog.
672.
Post 9448754 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.29h):
I disagree with you guys, I don't think percentage wise that anything much has changed in the political vs. trading camps. Look how many deluded (let's say non-pragmatic) people there are on r/bitcoin and bitcointalk too. I've known speculators from 2010, 2011, and some of them top notch, having had experience from other markets. As an example, I believe Bitcoin was mentioned in Prechter's newsletter in 2010 and that drew some chartists.
Also, there's often a large overlap between the two camps, it really isn't clear cut. You also need to keep in mind that some people with dollar signs in front of their eyes will talk the feel good (blah blah the unbanked) rhetoric but that's only to shill.
What I would agree with though is that, inevitably, it's gone downhill with the quality of discourse as the price rose and the Bitcoin cult grew over the years, whether this be speculative (just look at the retards on r/bitcoinmarkets, at least what they've become today) or political/economical. A small price to pay.
Well said, the quality of discussion went down since the April 2013 bubble, and the nonobjective tards made the Bitcoin cult bigger, extreme more delusional, I enjoyed hearing/talking/going to Bitcoin events a couple of years ago, but nowadays some (if not most) events are just the gathering of the hopeless cultists and quick get rich bitcoiners...
back to the subject, interesting bump ( from $320 +6.3%).... I think that action is going to happen soon (we will see the real bottom), the next couple of weeks are critical.
How are the shorts going?
673.
Post 9450352 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.29h):
Let's see if the traders can stifle this little move.
674.
Post 9450971 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.29h):
I'm sorry if I have to break it for you guys but there is no "math" that limits the number of bitcoins.
You need to stop thinking about bitcoin as some mathematical absolute that has been discovered by satoshi.
It is more or less just a statement made in code that everyone agrees with.
You know what you're proposing is utterly wrong right?
Economics 101:
-What gives money it's "power"?
-The "agreement" between 2 or more individuals/entities/countries etc to ACCEPT a commodity as money.
To "break it down" for you, this is as simple as you and me having an agreement that from now on we will be using Euros or Zimbabwean dollars for our transactions. This is what powers the grid. The more we agree to do so - the greater the "power".
Now, there's a glitch. *IF* one of the participants decides to forfeit / steal / type more money, the agreement is invalid. You know what they say right? Whenever there's money involved, there's greed as well.
THIS is what Bitcoin is. The ability of Random Matrix Math to solve the human greed factor. The flaw is not the money. It's US.
I have no idea what you are trying to tell me here.
People often suggest there is a greater "Math" behind why bitcoin is limited in supply.
Basically it is a few lines of code in the protocol an the fact that the majority of miners and users follow that protocol.
It is horribly trivial to change the supply of bitcoin to an arbitrary amount if there was enough backing by the community for it.
Saying it is impossible to change is having a fundamental misunderstanding of how or why bitcoin works
What you say may be true. But bitcoin's value proposition lies in those few lines of code. And that is why they will never be changed.
675.
Post 9477224 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry.
676.
Post 9477487 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry.
Most traders lose money because most traders trade with emotion. If most traders lose money, shouldn't you be betting against most traders? During the last bubble, most traders were shouting "TO DA MOON," and when that happens during what has already been a huge run up, and the greed factor is at the absolute maximum, that's when you should start worrying.
The forum is also littered with people who bought at 30 during the run up to 32 and are happy with their profit, when if they had shown a little patience and didn't let emotion get the best of them, they could have waited until even $15 (let alone $5 or even $2) and doubled (or more) their profits.
Picking an absolute bottom for most people is very difficult, but extremely easy in retrospect. If the price rallies up to break 450 in november then the long term down trend is likely broken. That could happen in 24 hours. Given the incredibly bullish year we have had
despite a heavy bear market I find it puzzling that a seeming majority of posters expect the price to drop continuously lower back to levels from 2 years ago.
677.
Post 9477596 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry.
Most traders lose money because most traders trade with emotion. If most traders lose money, shouldn't you be betting against most traders? During the last bubble, most traders were shouting "TO DA MOON," and when that happens during what has already been a huge run up, and the greed factor is at the absolute maximum, that's when you should start worrying.
The forum is also littered with people who bought at 30 during the run up to 32 and are happy with their profit, when if they had shown a little patience and didn't let emotion get the best of them, they could have waited until even $15 (let alone $5 or even $2) and doubled (or more) their profits.
Picking an absolute bottom for most people is very difficult, but extremely easy in retrospect.
If the price rallies up to break 450 in november then the long term down trend is likely broken. That could happen in 24 hours. Given the incredibly bullish year we have had
despite a heavy bear market I find it puzzling that a seeming majority of posters expect the price to drop continuously lower back to levels from 2 years ago.
That's a big "If"
In the context of an 11 month bear market we have rising btc adoption, rising transaction volumes, rising merchant integration and astonishing VC funding into bitcoin companies this year. Fundamentals seem pretty bullish to me. Perhaps you have another idea.
Technically I see a high volume reversal at 275 and so far a higher low.
I have no idea what will happen, but my guess is that it will go much higher. I am not 100% invested in bitcoin because I don't know that, sadly
Edit: I do remember distinctly wishing i had bought a lot more coins when the run up began this time last year. I continued kicking myself throughout the first few months of the year. I have since accumulated a larger position. If it rises back up into 4 digits by the next halving I will again be kicking myself for not being more speculative
678.
Post 9477679 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry.
Most traders lose money because most traders trade with emotion. If most traders lose money, shouldn't you be betting against most traders? During the last bubble, most traders were shouting "TO DA MOON," and when that happens during what has already been a huge run up, and the greed factor is at the absolute maximum, that's when you should start worrying.
The forum is also littered with people who bought at 30 during the run up to 32 and are happy with their profit, when if they had shown a little patience and didn't let emotion get the best of them, they could have waited until even $15 (let alone $5 or even $2) and doubled (or more) their profits.
Picking an absolute bottom for most people is very difficult, but extremely easy in retrospect.
If the price rallies up to break 450 in november then the long term down trend is likely broken. That could happen in 24 hours. Given the incredibly bullish year we have had
despite a heavy bear market I find it puzzling that a seeming majority of posters expect the price to drop continuously lower back to levels from 2 years ago.
That's a big "If"
In the context of an 11 month bear market we have rising btc adoption, rising transaction volumes, rising merchant integration and astonishing VC funding into bitcoin companies this year. Fundamentals seem pretty bullish to me. Perhaps you have another idea.
Technically I see a high volume reversal at 275 and so far a higher low.
I have no idea what will happen, but my guess is that it will go much higher. I am not 100% invested in bitcoin because I don't know that, sadly
Nobody knows for sure, market is to small and easily manipulated, but the problem is you WISH it will go up. You're not objective and you can't see the reality. The fact is there is a strong downtrend, it is more likely it will go down than up. I'd say there is 80% in favor of 200s to be see first than 400s which are about 20%.
You are no more objective than I am. I wouldn't call this a strong downtrend in any case. Momentum is leaking out of it with each passing day. Looking at volume your guess odds are unlikely. In fact all your guess is predicated on is a line on a chart. You could be right though
Edit: just realised you are called Deadcoin and that doesn't exactly support your argument of being objective.
679.
Post 9478157 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
In the context of an 11 month bear market we have rising btc adoption, rising transaction volumes, rising merchant integration and astonishing VC funding into bitcoin companies this year. Fundamentals seem pretty bullish to me.
<snip>
Wallet numbers are rising. This is perhaps faked with a service like blockchain.info but not at coinbase who have to follow KYC/AML to the letter.
680.
Post 9478233 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
correct, you told the fact! bitcoin is more likely going to $300 and lower
Sssh fallling.
Jorge how much of the VC money invested in bitcoin in the last 24 months originated in mainland china?
Why would otherwise sensible silicon valley venture capitalists invest so heavily in an ecosystem as small as bitcoin without evidence of user growth, or invest at all if 'the big fundamental fact' was bearish?
I think you will be blindsided for bitcoin moves out of the 'dark' and is gradually globally legitimised as a store of value and a transactional currency. You will probably change your mind when central banks like the PBOC change their stance to it in the coming years. Of course by then it will have moved up in price (and distribution) considerably.
681.
Post 9478239 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
JorgeStolfi is the most sane, reasonable member on these forums.
I am still waiting for your prediction of prices to be sub 250 last month to come true.
682.
Post 9478332 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
JorgeStolfi is the most sane, reasonable member on these forums.
I am still waiting for your prediction of prices to be sub 250 last month to come true.
I might have been wrong about minor short term price movements, but I've gotten the big picture right. I.e.: I understood that price, generally, would head down. That's not impressive though, since any sane observer could see it coming.
We saw a tiny DCB a couple of days ago. I think we might go sub 300 by the end of November though. Probably sub 250 by January. With quite a few DCB's along the way.
I wasted five minutes of my life reviewing your entire post history last week. Big picture lol.
Edit: need i remind you that less than a year ago you were calling for 10 to 100k prices for bitcoin.
683.
Post 9478381 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
Why would otherwise sensible silicon valley venture capitalists invest so heavily in an ecosystem as small as bitcoin without evidence of user growth, or invest at all if 'the big fundamental fact' was bearish?
He answered your question in the very post you responded to. Bitcoin services can make money off fees regardless of the price. For that matter, investors are not infallible, and at the same time understand the potential for some of their investments to be flops. Can't hit a homer if you never swing.
VC investment is of the order of $400 million dollars in the last 24 months for a currency with a market cap of 5 billion dollars. That is massive investment compared to the size of the current userbase and economy. That is investment with expectation of growth. Frankly this place is becoming a doomer echo chamber.
684.
Post 9478443 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
I respectfully disagree, we will not ever see 100 USD again, that is if we ever see it fall below - that would be the end of crypto. But this will not happen in a thousand years.
I do not know whether the price will go below 100$, but it is not impossible.
The current price is basically the result of three major surges in demand:
(1) Jan-Apr 2013 (that increased the price by about +125$, from ~15$ to ~140);
(2) Oct-Nov 2013 (increased by about +660$, from ~140$ to ~800$), and
(3) June 2014 (about +150$, from ~450$ to ~650$).
The first two events left the price at ~800$ in Jan/2014. From Feb to May the price fell by about -350$; the most likely cause is partial loss of the demand that caused bubble 2, the only one that seems large enough to cause such a drop. That would explain also the continuing drop since Jun/2014 (by about -300$).
If bubble 2 (only) deflates completely, the price may fall to 275$. A partial deflation of the other two bubbles would be enough to take the price below 100$.
I suspect that bubble 1 is Chinese too, but in the special economic zones, and perhaps with a different demographics from bubble 2. I still don't have a clue about bubble 3, but I see signs that it may be deflating too.
These are mighty strange bubbles. They never fully deflate and keep blowing bigger and bigger!
685.
Post 9478587 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
Why would otherwise sensible silicon valley venture capitalists invest so heavily in an ecosystem as small as bitcoin without evidence of user growth, or invest at all if 'the big fundamental fact' was bearish?
He answered your question in the very post you responded to. Bitcoin services can make money off fees regardless of the price. For that matter, investors are not infallible, and at the same time understand the potential for some of their investments to be flops. Can't hit a homer if you never swing.
VC investment is of the order of $400 million dollars in the last 24 months for a currency with a market cap of 5 billion dollars. That is massive investment compared to the size of the current userbase and economy. That is investment with expectation of growth. Frankly this place is becoming a doomer echo chamber.
Don't be so dramatic. I'm not calling for doom, I'm just pointing out that A) charging fees for helping others transact in bitcoin is a much safer way for investors to profit and B) while investors never expect their investments to fail (or else why would they invest?), they are prepared for the possibility. That includes investments in bitcoin.
I think the point is the size of the investment relative to bitcoin adoption and use now. It will take a long time to recoup 30 million dollars from a bitcoin wallet company with no users. Venture capitalists throw darts at a wall in the hope a few will strike gold. But 400 million dollars is an awful lot of darts.
686.
Post 9480918 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
It's affirming to every now and again do a show/hide on ole' shroomporkchops and see you did in fact make the right call.
It is difficult because interspersed in the drivel there are occasional comments worthy of merit.
687.
Post 9482999 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
Another inflection point, and it's looking less bearish that I would like. This may go up to about 380$ during the next days.
Never thought I would see a positive comment out of you
688.
Post 9487093 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
You could be right octaft.
Anyway pleasantly surprising to see us drift higher this weekend.
689.
Post 9489178 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
Drifting higher. Almost all my coins are lent out on bitfinex although the swap rate is tosh. Thanks for the interest gamblers
690.
Post 9490887 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
All my finex coins lent out..
Hopefully we see a battle of the whales soon..
691.
Post 9511503 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
Looks like we will break and go to $355 or something next few days.
Really?
692.
Post 9513234 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
He should have put it in his finger, digital technology.
Very droll..
693.
Post 9513459 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
Looks like we will break and go to $355 or something next few days.
Really?
Possibly, as I said for who wants to go long, wait for a bigger retrace.
Oops, to late, I just bought some more. I guess putting new tires on the car will just have to wait
(I hope it doesn't snow, lol)
lol
No but buying is fine, is more about going long on margin now that is risky, you don't wanna start to baghold a leveraged margin position eheh
All my finex coins are borrowed by bag holding shorters!
694.
Post 9519124 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.30h):
Lambchop has gone awfully quiet.
Keep up the bs bears it is hilarious.
695.
Post 9522765 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.31h):
Is lambchop ok?
696.
Post 9523081 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.31h):
So any of you doomers still got a trading account?
697.
Post 9523996 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.31h):
Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!
698.
Post 9524095 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.31h):
Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!
You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.
This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.
Shorting a commodity with a repeated history of shooting up 10x higher in price seems a bit silly. Unless you have some insider knowledge.
699.
Post 9524309 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.31h):
Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!
You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.
This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.
Shorting a commodity with a repeated history of shooting up 10x higher in price seems a bit silly. Unless you have some insider knowledge.
What "repeated" history do you speak of (really, I mean, something starting up, if it is successful, is bound to have an exponential type growth, but you are talking about over a year ago)? It's volatile. Shorting or longing or taking any leverage on this thing is a maniac's move. Admitted.
Have you seen the bitcoin log price chart?
700.
Post 9524672 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.31h):
I rewarded myself today with a nice premium porn account payed in bitcoin of course.
There is an escort agency in the UK accepting BTC.
I will not disclose how I know this.
Birmingham-based Passion VIP, i'll tell you how I found out........google
Not telling you where I live! :p
701.
Post 9530168 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.31h):
Volatility is back!
702.
Post 9535199 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.31h):
Next few hours will determine whether a bear trap or not
703.
Post 9535322 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.31h):
My only advice is to avoid trying to be clever with margin trading right now (especially the 10X and 20X leverage on OKCoin), you will get REKT if you don't.
You think we'll go down again?
That's all he ever thinks
704.
Post 9535659 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.31h):
bear trap closed?
705.
Post 9535761 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.31h):
Is this rally pre etf announcement positioning?
706.
Post 9555017 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.32h):
Weekend dip!
707.
Post 9615846 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.33h):
had to log in just to get the troll ignored. hmmph.
708.
Post 9622369 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.34h):
Hopefully we stay below 400 until next thursday.
Please stop quoting troll posts!
709.
Post 9623222 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.34h):
We had several upwards trends but they were quickly killed by the traders who were desperate to take 50 bucks profit.
This will happen for many more times to come. Possibly till there simply are no buyers anymore.
Every time there are new buyers traders will dump straight in their face and scare them away.
That's how you stop adoption. Traders are Bitcoin's cancer. Slowly killing it.
You are nearly there. They will stop dumping when the price moves up despite the dumping. Traders are a zero sum game.
710.
Post 9641007 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
Dont see this going much higher..
Do you ever?
711.
Post 9641204 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
If you wanna call reversal from this bear market, $470 (september levels) need to be broken at least, and to be sustained for at least a week. So far, 400s can't last even for a day, even after a pump.
Actually the price just needs to retake ~450 (stamp). The chart already shows a historical low at 275 and higher lows and highs since.
Edit: just bought 5 more bitcoins. Expect the price to crater imminently!
712.
Post 9642600 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
Price rising nicely.
713.
Post 9642639 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
It means once the bear is comprehensively technically over you can quietly disappear from the forum with your ponies!
Edit: first show us how much you made!
714.
Post 9651879 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
Please stop quoting the troll!
715.
Post 9652311 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
Tzupy is right.
Podyx welcome to ignore list
No tzupy is short. Big difference.
716.
Post 9665482 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
Stop quoting the troll please!
717.
Post 9672367 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
Just bought a few more coins on circle. Lots of 'this user is currently ignored' trolling the threads this morning. I guess that means we are to be moving up shortly!
718.
Post 9672460 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
Why monday ? Auction is the 4th of december, i think we will see more dumps till it is over.
Is that what happened last time?
719.
Post 9680180 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
Plz don't quote him.
BirdDog is best user here to IGNORE.
Second is lambpoch and clones.
Same to you
Well the price manipulation continues. No biggy, gives us more time to accumulate and suck up the new coin supply from the traders.
720.
Post 9681678 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
Podyx, that is why only those who can trade very responsibly, or those with actual market information tend to trade successfully with leverage. It is an excellent way to lose all your funds, eventually. As the vast majority of 'traders' on this thread will find out sooner or later (if they haven't already).
721.
Post 9682567 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
Paging lambchop?
722.
Post 9682722 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
A bit of positivity never hurt anyone..
723.
Post 9682805 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
I think he was asking newbie on account of his hostility to this rise. Which can mean only one thing
724.
Post 9682842 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.35h):
Haters are quiet for a few hours
Yea, no. This s--- is going to fall like a 500 foot lead dildo.
How much money have you lost the past weeks?
About 2% of my base. And you? Likely more? If not more, probably will be more soon. You don't always get it right and I certainly got blindsided on that crazy run up to the $450 range on confusion about a hedge fund doing trading through OKCoin. But, yea, the retailers are going to dump -- and you all know it, too. The price will get a spike probably throughout the day as some people will buy fresh coins to take advantage of discounts, but if I was a hodler I wouldn't feel too comfortable right now because the retailers are required to convert to fiat. I mean, it's not even malicious or uncertain -- it's just a fact.
You do understand that bitpay and coinbase are unlikely to dump their coins on the market right?
725.
Post 9683700 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
You're right... upper 200s. Have fun losing your money, jack---. See, I can be a hostile a--hole, too. By the way, why are all of the hodlers always in the speculation section b----ing about traders. Do they not know how to read? Is the world speculation merely beyond their vocabulary. One amongst many mysteries.
We get it you are underwater.
Oh and I speculate in bitcoin by holding it. I occasionally dip my toes in at extreme prices and
gamble trade. Note that speculation != trading.
726.
Post 9683771 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Oh and I speculate in bitcoin by holding it. I occasionally dip my toes in at extreme prices and gamble trade. Note that speculation != trading.
Yes, it is. Speculation is nothing but the anticipation of future prices. All speculators are traders, and all traders are speculators.
Quite right. Missed the word alone there
727.
Post 9683794 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
It is getting might tempting to unignore you lamb chop
MUST RESIST!
728.
Post 9684049 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
I wasn't always as risk averse (can i say that on a bitcoin forum lol).
Regarding leverage, I distinctly remember watching my igmarkets trading account about to be margin called with a mixture of gold and silver contracts suddenly very heavily underwater during a crash a few years ago. I had been trading with 'mental stops' haha due to the volatility. My palms were sweaty and I realised that I was about to lose half a years income. Quite a surreal moment being liquidated.
Stocks, bonds, even a bank account seemed pretty good at that moment. No one thinks they will get caught out. But almost everyone does with a volatile market in the end
729.
Post 9684198 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Up up and away?
730.
Post 9685312 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
There was talk about OKCoin taking on some major hedge fund trades -- supposedly something like $3 billion. However, it turned out that, although they were using OKCoin's platform, they weren't looking to trade in Bitcoins.
Yeah, JorgeStolfi has confirmed this several times.
Not quite... I just pointed out that the fatal sentence
could also be interpreted as "the fund will use our software and/or servers", rather than "the fund will trade bitcoin at our exchange".
However, since there was no further confirmation of the "will trade bitcoin" interpretation, and the price collapsed right away, I think that the alternative interpretation is now quite likely.
Not very scientific of you stolfi. Unless you have actual evidence to suggest that this 3bn hedge fund is not going to use bitcoin on OKCOIN then well done on becoming an out and out FUD'er.
731.
Post 9689947 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Bearish divergence in 15 min MACD. To confirm it, more dumps needed in a couple of hours and down to 360$ tomorrow.
Ha. Or the price continues to stagnate in the 380's before breaking out on this attempt through 390 and beyond.
732.
Post 9690361 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
I only deleted it because I had quoted you. My tolerance to your posted photos is quite low, so i flick you on ignore for long periods when you go overtime with it.
If people only bought shares or commodities of things that were rising then markets wouldn't function particularly well would they. You are criticising buying something which has been falling in price from a recent high. But that buying is done so with the expectation that the price will rise in the future. Not an unreasonable expectation given the bear seems to have stalled and we are significantly down from the previous manic high, and that zooming out shows a massive long term up trend. But you could be right!
733.
Post 9690489 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Loving the huge sell walls on bitfinex from 392 upwards to 400 lol. Someone doesn't want the price moving up.
734.
Post 9690587 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
By your logic you would never buy anything that has fallen from an all time high. Fail.
Anyway let's see what the exchange price is after the US Marshalls office gets out of the way.
What will you do if the price inexplicably begins to rise up and takes out 480 before drifting higher still?
735.
Post 9690733 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Instead of criticising and being deliberately contrary porkchop, why not post a firm prediction for us here first? Oh and a list of your recent and active trades would be appreciated
I won't hold my breath!
736.
Post 9691404 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
As the ema's cross the price dumps
Such a natural market ha.
737.
Post 9691435 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Porkchop:
You know my strategy as I have also written it down here many times. I am accumulating a position gradually, started in around march 2013 and I add on weakness. Very occasionally I may trade if i see the price go to panic extremes.
So your current trading strategy is not to trade. That only begs one remaining question, are you holding btc or not?
738.
Post 9691488 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Drawing some lines on charts I can see us sitting here until december the 11th before breaking up or down out of a massive wedge. Of course the US marshalls auction will likely decide the direction of breakout.
739.
Post 9691580 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
As the ema's cross the price dumps
Such a natural market ha.
Well, Bitcoin is often marketed as something which "obeys the strict rule of math". Moving averages are basic math. Isn't it only natural then if the Bitcoin market is also moved by math...?
You mean trading bots following the law of math
740.
Post 9691672 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Numbers eh? I am sure we have been through this before
My portfolio is well diversified as it is thanks. I have gems such as tesco in there dragging down its annual performance :p
I made an ill informed purchase of a few coins at 680. I have bought repeatedly in the 3xx range. I made a large (for me) purchase at about 300 which i partially sold back to cash at around this price. I tend to trickle a few coins every week or two in depending how much disposable I have left (although the OH has started asking 'how much of this bitcoin do you need to buy?' lol). As long as I buy my share allocation each month and pay the mortgage/bills the excess goes into bitcoin unless the price is very high. For me it is the most exciting part of my portfolio by a mile. If it disappears in a puff of smoke I will be sad as I was rather hoping to buy a small yacht next year.
741.
Post 9691744 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Any maths guys have any experience of doing roc curves?
742.
Post 9693673 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Empowering + nioc :
743.
Post 9694762 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Right off to bed. Hopefully be a semblance of normality on here when i return.
744.
Post 9698960 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Stolfi, noone can stop the pump bots. Given the lack of laws in this area, it is inevitable that Bitcoin will be manipulated to new highs, even if it doesn't get there legitimately.
Hear hear. I genuinely think btc will succeed. But along the way there is too much money to be made with etf's and price manipulation for no more bubbles going forward.
Worked last year!
745.
Post 9700327 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Ah, I wish I could automatically filter out every posts which has the "ignore" word in the text. But then I would practically ignore this post of mine as well which could be interpreted like I am schizophrenic.
(I never use the ignore feature on real persons, no matter what. I believe it's there to mute bots which is sometimes handy on some forums but not here.)
Some of that was lost when we transcended from usenet to these web based discussion sites.
It is a real shame. It does sour the experience of browsing here and on reddit.com
This weekend has been a real snooze fest. Still managed to get some admin done with the odd glance at the ticker. Roll on December 4th and let's see who takes the coins. Hopefully they will leak the names of the participants again by accident and reveal the Swiss National Bank are bidding.
746.
Post 9700487 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Anyone else watching that bot on finex? It's doing 0.21 (~$80) market buys every 7 seconds trying to keep the price up
Bots are nothing new. They just do what the buyers and sellers
should. That is get the best price for a position.
Edit: Not moving the price with a buy or sell is a bit unusual for bitcoiners to grasp
747.
Post 9700582 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Anyone else watching that bot on finex? It's doing 0.21 (~$80) market buys every 7 seconds trying to keep the price up
Bots are nothing new. They just do what the buyers and sellers
should. That is get the best price for a position.
I think these bots, at least ones so blatant, are bad for the image of BTC. We really do need to get away from bucket-shop exchanges. I, honestly, think we'd have a higher price if the exchanges were more legitimate. That said, in the near term, it has solved the query of whether the price is going up or going down in the near term. So, I'm personally kind of chill with it. But, BFX is a total bucket shop.
It is just a regular user with a trading bot operating via the bitfinex API. I fail to see how that is bad for the image of BTC. Having 'child porn' listed as a use on the Wikipedia page is bad for the image.
In any case all legitimate trading exchanges are now front-run by HFT firms and are corrupted in this regard.
748.
Post 9700823 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Whoever is operating the bot has accumulated 1750 coins already apparently and according to a redditor is throttling the purchases to prevent it moving the price upwards. We are still four days away from the auction. What does someone know?
749.
Post 9701034 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
First sentence: "One of the stated strengths of Bitcoin has, from the beginning, been its ability to provide anonymity and a sense of security on the same level that cash transactions do."
Bitcoin was never designed to be anonymous. However it remains trivial to use it in such a way as to hide your IP if you are so inclined. It seems safe to assume Tor is broken now.
Tzupy you are going to need to bring some world class FUD to move the price before the auction
750.
Post 9701108 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
I suppose one 'angle of attack' against btc is to try and de-anonymise it as much as possible and kick away one leg propping up its price to a degree, dark web transactions. Even if that is just a perceived change of safety amongst potential users it could be effective.
Still it hasn't been an even remotely effective strategy with conventional bit torrent.
751.
Post 9701211 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
This is a very FUDesque comment, but if not BFX, could it be the bear whale who is accumulating all of the coins for a dump?
I mean, he's got to lose money on dumps, anyways... maybe this is a way for him to at least minimize the lost money -- accumulate at a more or less fixed price.
Thoughts:
(1) BFX ramping up the price -- bullish;
(2) Somebody with an inside scoop trying to accumulate on the cheap -- bullish;
(3) Some nihilist who wants to see the entire world burn -- bearish
Possible.
752.
Post 9701236 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
What is your point lambchop?
Governments don't care about people downloading dvd rips on torrent, industry does. And they lobby western governments hard to try and protect their dwindling resources.
Childporn is criminal and should be pursued by the police with whatever powers they have.
753.
Post 9701258 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
erm did I miss something?
When the various global police authorities took down 400 dark web sites a few weeks ago it seemed things may have changed for the worse regarding Tor. I don't know the technical details but I was under the impression they had performed some kind of Sybil attack to isolate users to specific IP's to identify offending servers.
Either way there is no need to use Tor to maintain privacy.
754.
Post 9701379 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Because your implied point wasn't clear, obviously, rudey.
Bitcoin is not illegal last time I checked.
755.
Post 9701439 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Either way there is no need to use Tor to maintain privacy.
There isn't? What are other ways?
Simply using a web wallet via a public computer / networks should do the trick.
756.
Post 9701613 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Lambchop: Having re-read the post concerned, my request for clarification, and your response I am afraid it is back to ignore for you!
Edit: I am sure the rest of the readers will breathe a sigh of relief.
757.
Post 9702996 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
I have to admit, this ignore button is addictive. Bye JJG!
Under his great walls of text I eventually caved in, too.
758.
Post 9722734 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Coinapult ?
That is simply due to dumbphone to smartphone ratios currently. Soon smartphones will be everywhere. You do the math.
759.
Post 9731073 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
i have enough of waiting, i'm gonna dump my coins in exactly 1 hour on stamp. Bitcoin is history for me.
have a safe trip home and tell your friends we said "hi"
bye
You
will won't be missed!
760.
Post 9732362 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
There has been a pattern that has repeated three times in this bear market and is in the process of repeating again, where there is a crash, a bounce, a pause, a spike, a second bounce at a much higher level and then a slow dissipation of all upward momentum leading to the next crash. We are in the dissipation period now. The key thing to watch for is the volume as the price approaches support levels on the way down. Low volume= very bad. Stay in cash even if you close your short positions. High volume means the possibility of a double bottom.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
you are short now?
For the first time in four years, I am margin short and looking for slightly higher prices just to sell more on margin. I have the ability to sell a
lot more. It's gonna have to get worse before it gets much better.
Why does it have to get a lot worse? There has been a nearly one year long bear market already. The price is barely a third of the previous high even now.
1w macd about to go green.
Good luck shorting!
761.
Post 9732486 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
There has been a pattern that has repeated three times in this bear market and is in the process of repeating again, where there is a crash, a bounce, a pause, a spike, a second bounce at a much higher level and then a slow dissipation of all upward momentum leading to the next crash. We are in the dissipation period now. The key thing to watch for is the volume as the price approaches support levels on the way down. Low volume= very bad. Stay in cash even if you close your short positions. High volume means the possibility of a double bottom.
I've lost a few houses worth of money identifying this pattern, so a wise person should learn from my mistakes. The fact that it was money I made on the way up is some consolation. Still, opportunity lost is opportunity lost.
you are short now?
For the first time in four years, I am margin short and looking for slightly higher prices just to sell more on margin. I have the ability to sell a
lot more. It's gonna have to get worse before it gets much better.
Why does it have to get a lot worse? There has been a nearly one year long bear market already. The price is barely a third of the previous high even now.
1w macd about to go green.
Good luck shorting!
It has to get worse because of us! Good traders buy low and sell high, reducing volatility. We bought too high and
increased volatility, scaring away the hedge funds and big money that was supposed to fuel the next rally. Bitcoin is a medium of exchange and a unit of account, but thanks to those of us who sold far too little at the top, it is a piss poor store of value. We didn't have enough profits to re-invest during the bear market. I blame myself among others.
Either the price of btc rises significantly in the next 24 months or it fails. I see no signs of failure so far.
762.
Post 9741614 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
any update on the auction?
A rather cynical dump this morning followed by a recovery is all I can see. Usually after we plateau such a dump would have dragged us down with lemming follow through selling.
If I was short I would be a wee bit concerned.
763.
Post 9741699 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.36h):
Some launch. This rocket is looking more like a hover craft.
Hovering way above where you want it to be
above, but not way above. I expect the crash to take a while. right ow, $100K will move the price up a buck or down $4.00 on BFX. not good odds in your favor.
You should know a lot better that the orderbooks are meaningless on BTC exchanges if you are slinging any serious amount of money around using leverage.
764.
Post 9766814 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.37h):
yawn.
active usd swaps on bitfinex piling up, I see nice false breakout/bulltrap forming.
You mean a breakout.
765.
Post 9769009 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.37h):
You are a bitcoiner lambchop. Possibly one of the most ardent given the extreme length of time you devote on this forum.
766.
Post 9770884 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.37h):
Such effort!
Let me simplify it for you.
One use to be able to support a big family on a one man's salary.
A few decennia has passed and this is impossible unless you have a top income.
Bro, this is such tripe. If you can't support a big family, don't breed--it's not like the world needs more people.
It isn't tripe. In the 1970's in the UK and US a single working male wage in an average job allowed the purchase of a house, car, holidays etc. Now the same lifestyle requires two working salaries. Housing in the UK is the main reason as the banks have allowed prices to soar far above where they should be, and the government have intervened to keep prices sky high. My partner and I both earn easily more than twice the national median wage but buying a decent house is almost out of reach. Thirty years ago we would have been extremely well off.
767.
Post 9771231 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.37h):
Why would anyone listen to the thoughts of a bitcoin forum internet troll before considering having kids? Hilarious.
768.
Post 9773751 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.38h):
Bit early to get excited bears
769.
Post 9781465 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.38h):
Some pretty cynical gaming of the exchanges. I look forward to the day the market isn't so thin.
Still noise until 340 or 320 IMO.
770.
Post 9781667 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.38h):
Is this where big money is secretly gobbling up all the cheap coins as i have been promised for about a year now?
Is Wallstreet still dying to get in? For someone who can't get wait to get in they sure wait a long time.
You'll be the last to know don't worry!
771.
Post 9809951 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.38h):
772.
Post 9810170 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.38h):
Imo, there's no creation of demand to want to pay w/ BTC here or any other place unless there's a discount to get newer people to go through the steps to acquire it and learn how to use it. We all know it's demand that drives this market forward and up. Similarly, this is why most of the household shoppers use their CVS card at CVS and their Walgreen card at Walgreen: to get better prices and save money. Pointless otherwise.
The problem is that the demand for e-payment use is short-lived. If people buy 1000 BTC
every day to buy things through BitPay/Coinbase, the effect on the market is equivalent to a
single buy of ~1000 BTC by a longterm holder (assuming that Bitpay/Coinbase sell the coins 1 day after they were bought). And, if
this is indeed Bitpay's wallet, they have been processing less than 1000 BTC/day, on average. Perhaps Coinbase is doing more, I don't know.
Do you understand that the great strength of BTC is that as it becomes mainstream its qualities of mathematical scarcity and peer to peer network will lead to dual roles as 1) a widespread frictionless medium of exchange and 2) a growing global store of value. As one role increases it will drive the other and the exchange price.
It will quite literally become the new gold standard unless it is quashed. If they (monetary authorities) cannot destroy it directly through dirty tricks or legal blockade then they must acquire a stake.
I expect fireworks in the next 24 months..
773.
Post 9810363 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.38h):
Smartphone use will be universal and global in less than five years. The myopia in here is amazing.
774.
Post 9816982 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
The price has been stuck between the denial and fear phase for too long. I'm still waiting for desperation and fear..
This, my buys are in the $310-$320 range. Usually before a big climb there is a crazy crash right before. And if I miss it...meh, that's all good too.
Though we have been through so many different reasons why Bitcoin is going to fail and reasons why Bitcoin is going to the moon that I'm not sure what sort of news could do either.
The 3 month chart suggests that we might already be in capitulation or even depression. It could be interpreted as a trend reversal going on since early October. But the $320 should be retested to confirm
I could of course be high on hopium.
News has less and less influence. The freaking Microsoft announcement did almost nothing.
Zoom out. Relax.
775.
Post 9819043 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
With all this big bear flags... I'm sorry but I can't be bullish about bitcoin price in the short/mid term. It is probably going to retest lower levels again.
Right now there is more downside potential than upside, unless an ETF hits the market.
I disagree that it has more downside than upside potential. I see a drop of $100 from here as a small chance of happening but $100 rise could happen at any point. However if your constantly watching charts and are ready to make a move when the market does then you can easily limit risks on both scenarios.
We just had something huge like Microsoft accepting bitcoin and all what happened is a $27 pump (Only $13 remaining at the moment).
I don't think another $100 pump is easy at all.This is just showing us how weak bitcoin price is right now.
Of course I will gladly go long if it starts rising with strength, but IMO that's really unlikely.
The price was manipulated more than 100 dollars higher last month because a suspected 3bn hedge fund was rumoured to be using one of the exchanges to trade so your point is clearly wrong.
Until a US exchange opens with decent depth this thin market volatility will continue. But ultimately demand will overrun even a few forex jokers with twenty thousand coins colluding the price up and down at will.
776.
Post 9819476 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
I personally don't care about short term price volatility. I will pick up a handful of coins every month until we all know what will happen eventually occurs. If the price inexplicably crashes before we move higher I will buy a lot more coins (->cold storage) which for me is just rebalancing %'s in a portfolio.
I think in a few years this year will be viewed the same as the 2011 bubble high and bear market wanderings thereafter in 2012. Except this time the price is a lot higher and infrastructure, VC funding, utility and ease of obtaining the currency are massively higher than before. With the benefit of hindsight one can imagine it being as obvious a buy as google or amazon was a few years ago.
Intelligent people who understand the superior mathematical properties of bitcoin over conventional fiat are those who will continue to buy and store bitcoins speculatively. What is interesting is the next price surge and wave of adoption could come from an ETF and US investment funding, or it could come from the current demographics or even a younger cohort (say those born in the noughties who want to changetip or send money between each other or buy xbox or steam games)..
Exciting times to be accumulating bitcoin..
777.
Post 9819925 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
<faintly plausible bearish crap>
Keep trying..
778.
Post 9826506 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
If we assume that adoption drive prices, then a metric of adoption would be the price itself. This will tell you that adoption has not grown in the past year.
If instead, we assume that adoption doesn't drive prices then the discussion is irrelevant for future prices.
I believe that demand for use in payments, by itself, would not support 100 $/BTC, maybe not even 10 $/BTC. What keeps the price up is speculation: people buying BTC to hold for weeks or years, waiting for better prices. That locks up most of the existing 13 million BTC, and makes them scarce on the exchanges.
Assuming that BitPay processes 1 million $/day, I would guess that the total traffic for e-payments now may be perhaps 5 million $/day. Let's say that bitcoins bought for that purpose stay out of the market for 5 days on the average, before being sold by the payment processors. Then, at any time, that use would lock up 25 million $ worth of bitcoins. If there was no speculation, and all 13 million BTC were on the exchanges, that demand would perhaps support a price of 2 $/BTC.
Why do you keep droning on about pricing bitcoin based upon 'demand for use in payments'? Clearly this has never, nor will be for a long time, a decent measure of how to price btc.
Bitcoin is held as a speculative store of value. That is why there are only a tiny float of coins being traded back and forth on the exchanges.
Other than constantly insinuating that the price of bitcoin is too high, why do you insist on this line of pointless thinking?
Do you question why amazon has a massively high price earnings multiple and go screaming from the hills that it is overpriced as a stock?
The single interesting metric you have posted is the number of addresses containing > 0.1 btc. You can cite a reference before we take that one seriously, too.
779.
Post 9826699 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
Why do you keep droning on about pricing bitcoin based upon 'demand for use in payments'? Clearly this has never, nor will be for a long time, a decent measure of how to price btc.
Sigh. Do I need to count the posts in this thread that claim that the price must go up "soon" because "adoption is booming"? Please take issue with those who say so...
Adoption != using bitcoin for payments. You are trying to price bitcoin in this manner even though the price is supported by speculative investment. Last week 50,000 coins were snapped up private investors. Despite 3,600 coins being created daily and a horrific bear market the price is still ~$350 dollars.
Your continued puzzlement over why bitcoin has value will not stop the next price surge either.
780.
Post 9827018 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
Direct quote from the book:
"Returning to the issue of the future of Bitcoin, in the short to medium term barring a major upset the most likely scenario for the Bitcoin market is more of the same but with the market lurching towards maturity. The Bitcoin market will continue to grow, but in a fitful manner with one boombust cycle after another before settling down as the growing size of the market makes manipulative attacks more difficult and the exchanges risk management continues to improve."
781.
Post 9827157 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
Similar protocols exist today (like Ripple), if they won't be the future specifically, something else that works in very similar ways, will.
..
And I know that you don't wanna hear stuff like this because you wanna get rich quick with the pyramid scheme aspect of Bitcoin... At least don't lie to yourself.
Take poorly disguised ripple spam to another forum please.
782.
Post 9827202 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
Let me guess. You own ripple and are short bitcoin. You also called bitcoin a pyramid scheme bizarrely to support your argument in some way.
GTFO.
783.
Post 9828136 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
Hear hear Oda.
784.
Post 9828500 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
The "adoption" is actually early adopters spending their bitcoins and increasing bitcoin liquidity on the exchanges, resulting in more seller pressure and lower prices.
I find quit likely that 1 - 2 months from now the ask sum on exchanges to almost double. Bears rejoice over increased "adoption".
It is coin distribution. But this process has continued since 2009 and looking at the price your argument simply does not follow.
785.
Post 9829163 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
If you bother to read the scales, BRL dropped 10% relative to USD, year to date. I will not be so mean as to ask how BTC has fared in the same period.
Of course if you did mention the performance of bitcoin year to date you would simply be pointed to the previous 4 years. If we did the same for the BRL, well..
786.
Post 9830224 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
Come on traders. There must be plenty more people willing to short a hyper volatile commodity like bitcoin. I heard from some reliable members on this very forum that it is going to single digits! Forget fundamental analysis! The chart slopes down!
787.
Post 9830251 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
Come on traders. There must be plenty more people willing to short a hyper volatile commodity like bitcoin. I heard from some reliable members on this very forum that it is going to single digits! Forget fundamental analysis! The chart slopes down!
You do realize price has been steadily declining since december 2013 right?
It is all a matter of timeframes podyx
788.
Post 9832236 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
The market is really fascinating, right now. The Microsoft news broke the bear rally that was looking to get out of hand. However, the Microsoft counter-rally up to $360 was so weak tipping the bulls hand that they have run out of ammo. Yet, many are unwilling to sell en masse on this realization because the Microsoft news signals potential for greater adoption and, hence, is speculatively significant even if, in the short-term, the net effect is actually people using existing coins and unloading bags.
The new money just isn't there right now for it to rise and the bulls have shot their load or dropped out completely. But, people feel like BTC is on firmer speculative footing than it was a week ago. Something that might have more speculative value but has nobody crazy enough to speculate on it anymore. Now, one thought is... that's the perfect time to buy -- I understand that sentiment. But, on the other hand, the real value is the community/network effects and they've already been burnt too many times or had too much of their wealth cut from under them. It's weird. A reason for BTC to live while it is in the midst of taking its last breaths.
I think you have to short until the bulls show they have any fight left in them. Do so with a narrow stop, though, in case a big player enters the market and sees an opportunity.
Great summary. Story of pretty much the entire second half of 2014, maybe even continuing into 2015 (though I see it as a positive indication that overall volume is going up again).
I think it is a fair summary. Everything except shorting with a narrow stop. Otherwise known as losing money
789.
Post 9832301 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
AKA 90% of Bitpay merchants do convert to fiat. See how much worse it sounds when framed in that manner.
Clearly you didn't bother reading it before commenting
50% convert to Fiat
40% keep some bitcoin and some converted
10% keep pure bitcoin
I think there will be an ongoing Domino effect from companies like Microsoft adopting bitcoin.
790.
Post 9837137 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
Who are our overlords going to squeeze, first? The longs or the shorts?
Ah you have finally realised that short term price movements rely more on a few colluding players than 'the market'.
791.
Post 9837732 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
why doesnt everybody just withdraw their btc from the exchanges, causing some critical shortage? lets unite to the moon!
With zero fee trades on Chinese exchanges what is to stop a malicious player simply repeatedly selling to himself until arbitrage bots and lemmings repeatedly dump on Western exchanges bring the price down to.. Wait a minute..
Cue: opening of a regulated US exchange with enormous depth and lo and behold the last year has been an excellent accumulation strategy for some very big players!
792.
Post 9838251 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
Everything is coming along just fine.
Seeds have been sown... many many different seeds, in many many important places.
When I look at how far things have come in the past 3 years, and then look at the last year, if anything I am surprised that things have happened so fast, that this year just gone, has brought so much, so quickly, we are years ahead of where I expected us to be two years ago.
Great to see the Blockchain reaching to yet another birthday, still going strong.
I think a LOT is going to (continue) to happen and start to unfold in the next six months-year, from significant legal clarification from regulators (love it or hate it) which will provide much needed clarity for
some. To the development and rolling out of more useful services and ventures (along with their marketing campaigns) To better more liquid exchanges, with increased transparency and backing. To developments in usability and integration and ease of use. To developments in the entire cryptocurrency and blockchain space. As this all
continues to unfold (at frankly breakneck speed) and the easier and safer BTC is to use, the more use cases that are developed, the more services and businesses that integrate cryptocurrency, the more clarity that surrounds its legal status, the more clever ways people continue to develop and reach and to make BTC useful to more people around the world, the more ubiquitous BTC will become, already, as few a people in the grand scheme of things know about BTC, there are many fold more people that know about it now than they did one or two years ago. The
BTC sign is now popping up all over the place, and we have only just started to see the start of that imo, within the next year or two I expect to start seeing BTC on and in more and more
iconic locations and associated with more and more well known (trusted) iconic brands. Gradually via a form of direct and subliminal social osmosis Bitcoin is working its way into the public psyche, into the public lexicon, into the legal system, into the mainstream media (even in a positive light) into peoples screens and browsers and high streets, into peoples homes, into peoples pockets.
The next six months to a year, will be interesting, and exciting, no matter which way you look at it.
The next two years are critical (
)
Not very on message. Haven't you seen the chart /s.
I agree with you. Now we just need to re pique the interest of the public with the tried and tested formula of a rising price creating FOMO. This time on a global scale
793.
Post 9838757 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
...
I thought we'd see a pump now. Kinda thinking theyll drop that sunday or early monday est time.
The slow uptrend is still on, and possibly tomorrow will cross the 4h MACD, and maybe then you'll get your pump.
Are my eyes deceiving me Tzupy or did you just predict an upwards price movement?!
794.
Post 9850732 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
You could be right Blitz. They may be your coins of course. In a market this thin the moves may come down to a single trader making such a short term decision.
Of course long term the utility, visibility and legitimacy of bitcoin is soaring into the stratosphere. Eventually fundamentals will drag the exchange price up kicking and screaming.
795.
Post 9850772 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
You could be right Blitz. They may be your coins of course. In a market this thin the moves may come down to a single trader making such a short term decision.
Of course long term the utility, visibility and legitimacy of bitcoin is soaring into the stratosphere. Eventually fundamentals will drag the exchange price up kicking and screaming.
Microsoft does NOT accept Bitcoin! Price downtrend continues
Still a downtrend for long term
Falllling, stick to the troll threads please.
Edit: welcome to ignore.
796.
Post 9851140 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
1. The bitcoins traded for fiat are what determines the price. 2.When the market cap of Bitcoin went from $1 billion to $5 billion do you honestly believe that $4 billion worth of money flowed into Bitcoin? 3.Or was it perhaps a small percentage of the coins on the exchanges that were purchases raising the price?
On points that I've added to your post for clarity:
1. Yes, that's market price. However, judging by the last 12 months charts and by the very last auction it seems that market value is still bellow (possibly significantly bellow) market price, isn't it? In other words, market is not in a state of equilibrium.
http://en.wikipedia.org/wiki/Economic_equilibriumPlease note that apparent stable price (apparent price consolidation) has very little to do with equilibrium.
2. A year ago market cap was almost $14 billion. Did $14 billion flow into Bitcoin? Clearly not. Do market participants believe $14 billion will flow into it? Maybe, maybe not but as we speak it seems not many believe it will do so in the near future. So to respond: no, those 4 billion did not flow into bitcoin at that time but some of the money did flow and that was enough (in terms of amount and flow rate) for many market participants to believe/anticipate/speculate that the rest of the money will flow into, in a reasonable amount of time. We are not far from finding out if their belief was justified or not...
3. Artificial scarcity and low market depth on exchanges can only manipulate the price that much. No, that's not the driving factor. On contrary, why do you think the big stakeholders didn't distribute part of their shares so as to help the ecosystem? Please don't tell me it's because of greed because I won't buy it. Well, so perhaps because they couldn't sell? What's sad imho is that if they can't do it very soon, considering there are a max of 650.000 wallets (possibly only 2-300.000 active bitcoiners as per the excellent recent analysis of Jorge Stolfi) after about 5 years, bitcoin won't have any chance to catch up with mass adoption. We are already lagging well behind the historical growth of mobile phones
http://addictivelists.com/top-10-countries-with-most-cell-phone-users-in-2014/ but remember those were back in the 1985. We should have a growth comparable with internet, FB etc.
Practically mass adoption is pretty much busted imho and only a strong move followed by a hyper-exponential growth in no. of users can bring us back on track. What strong move? Huge collapse of price & major coin distribution... toward hoards of new users bringing in yet more people and their fresh money... A huge reset of that kind is much needed. Each passing day without that happening is exactly the opposite of success but mere a slow move toward fading-out. That's my view. I don't think bitcoin will die but if it remains a niche product for 5-10-50-100 millions users will be much like failing when compared to it's potential...
To understand my rationale, I've used the equation of enterprise value
http://en.wikipedia.org/wiki/Enterprise_value together with some simplifying assumptions there. (Bitcoin ecosystem is an enterprise, albeit a very unusual one). On major assumption I've made is the enterprise value of bitcoin is growing and will continue to grow (albeit slowly imho). I don't have the proof it is true but I believe you'll accept it. Anyway, throw some figures at it and hopefully you'll agree that at equilibrium a heck of a lot of money will be needed to go from 350 to anything above 2-3k.
And yet here you are..
797.
Post 9859361 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
Bought some more btc. Thanks bears.
798.
Post 9861021 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.39h):
Trolls certainly out in force hoping for a few more dollars of downdraft. Pathetic
799.
Post 9872129 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
But here's my bias based on psychology/sentiment: Pretty much the only thing that can calm holders nowaday is the notion that Bitcoin has never gone below the previous all time high in the following correction or bear market. Because of this, I think there are going to be a whole lot of "weak hands" in this area because it's so close to the 266 high.
Yeah I'm going to say you are a little off there Blitz. I hold and accumulate. I am not remotely concerned with the price because as you know it is driven up and down by a relatively small cabal of whale traders. I look at the fundamentals - infrastructure, investment capital, transaction volumes, wallet numbers, merchant adoption etc. My conclusion is that accumulating coins until the next halving is likely to be profitable in the long term.
Any holders who have held this long aren't likely to be easily shaken out and will likely be adding at extreme lows. More to the point there is likely to be a lot of capital (ignoring minnow trading trolls on here) looking for a good entry with US regulation around the corner.
800.
Post 9872323 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
Are you currently in the red or in the black? How much of your wealth have you put into Bitcoin?
Definitely black for now. I haven't calculated a break even but it is probably somewhere in the low 2xx's I would guess.
Originally I put in about 1% but it must be easily over 10-15% now. I don't track it that closely, my other investments/assets yoyo up and down a lot and once you have enough savings to last a decade stashed away it all becomes a bit meaningless tbh.
Far more exciting than Apple shares though.
Blitz: any chance you can delete the bitscam thread fallling keeps reposting..
801.
Post 9892099 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
broken my phone. cant buy bitcoins as no 2 factor grr.
802.
Post 9892319 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
Don't worry Trollchop. I used my OH's phone on circle and bought my weekly fix. Now the price can do what it wants this weekend.
803.
Post 9905075 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
18k shorts on Bitfinex. Nothing to see here !
804.
Post 9905577 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
all that talk about mass adoption and price skyrocketing, especially in 3rd world countries.
did any of you consider scenario where mass adoption leads to massive price decrease?
the more people use it to transfer value (transfer as opposed to hodl) less value it has.
Perhaps you can talk us through the precise mechanism whereby millions of people buy in to bitcoin but the price falls.
805.
Post 9906263 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
Please stop quoting the contrarian troll. Out shopping, time too scarce for bs rehashed arguments and ponies.
806.
Post 9906966 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
Why do you have a trust rating of -4 NotLambChop? And why are you posting with two accounts on the same thread at the same time? (FatherBob).
807.
Post 9908070 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
Bfx btc swaps (potential or open leveraged shorts) now at 18,750.
Keep on shorting, traders.
808.
Post 9908241 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
Post the price of a house from 1946 and 2013.
809.
Post 9908351 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
Now tell me which items in such a 'basket of goods' takes up most household income. Next remind us who benefits from large mortgages currently in existence in the Western world? Finally, why does it now require both husband and wife to work to attain the same standard of living as a single earner in the 1970's and earlier?
810.
Post 9908461 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
Actually I would say that wages seem stagnant and cost of living on major life purchases for the average person has risen dramatically higher than inflation. This is entirely to the benefit of banks lending mortgages.
Something funny seems to have happened on that chart almost exactly when the US came off the gold standard and became a centrally planned pure fiat currency. You argued very eloquently (and wrongly IMO) that bitcoin is a poor currency because it has fixed enforced programatic scarcity on another thread. Perhaps look at that chart you posted and give us an analysis to back up that assertion with a straight face.
811.
Post 9908551 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
No rebuttal then?
812.
Post 9909230 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
The general consensus seems to be down
Great trading strategy!
813.
Post 9917466 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
I am pretty happy adding at these levels. It looks like others with bigger wallets are, too.
814.
Post 9917708 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
what is the purpose of buying 10k bitcoins in every exchange on a downtrend ?
Buy low, hold, sell high.
815.
Post 9917830 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
Still just under 17,000 potential shorts (btc swaps) according to bfxdata.
If the price moves up much higher things could get interesting quickly.
Bought again off circle just now - just for you LambChop.
816.
Post 9919912 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.40h):
Another thing to take note of (apart from it's Christmas) is the difficulty chart. It went down 4% and the trend is still ''down''. It seems we somehow found a way to an equilibrium.
https://blockchain.info/el/charts/difficultyIt's obvious that bitcoin miners are minting at very low % of profit.
The bigger ones try to hold as much as they can to seel in "pumps" like the one that we've seen before. The others just shut-off their rigs to don't pay more in electricity than what they really earn.
Could be interesting to have the testimonial of some miners and know if they hold or sell all their minted btc's
I often hear "only large industrial size mining farms can be profitable"
This sentiment gets repeated until it is largely accepted as "fact".
But a home miner does not need to lease a large factory space or airplane hangar, and in the winter the electricity is effectively free. So I think the small miners can still compete by virtue of having lower overhead costs.
As an example, my cost right now is approximately $100 per bitcoin mined, and I don't sell any.
Other miners please feel free to chime in...
$100 per coin
including your hardware costs?
817.
Post 9924773 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
you can call bs, but I get similar numbers - about 100~120 $ for 1 btc.
hardware cost excluded, but most hardware is working for months already. hell, i got bitfury gear which is more than 1 year old and still mining with profit.
So why is hashing rate dropping then?
maybe some noobs didnt do their homework and have expensive electricity.
I dont care really.
Expensive electricity and/or expensive hardware(imported stuff with taxes) and/or taxes.
How much left after taxes.
If you ever bother with them at all.
no taxes for btc here.
Note to self: wait for 100$ btc
I think we won't go that low because 100$ BTC mining costs are the bottom and not the avarage.
Once difficulty drops (a lot) this could change of course, but I think there are other problems to give attention to then.
Tarmi talking bullshit as usual.
818.
Post 9925122 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
you can call bs, but I get similar numbers - about 100~120 $ for 1 btc.
hardware cost excluded, but most hardware is working for months already. hell, i got bitfury gear which is more than 1 year old and still mining with profit.
So why is hashing rate dropping then?
maybe some noobs didnt do their homework and have expensive electricity.
I dont care really.
Expensive electricity and/or expensive hardware(imported stuff with taxes) and/or taxes.
How much left after taxes.
If you ever bother with them at all.
no taxes for btc here.
Note to self: wait for 100$ btc
I think we won't go that low because 100$ BTC mining costs are the bottom and not the avarage.
Once difficulty drops (a lot) this could change of course, but I think there are other problems to give attention to then.
Tarmi talking bullshit as usual.
just keep repeating that to yourself and keep your eyes fixed on price ticker.
I can live with that as long as you are willing to pay 3 times the cost of production in electricity.
hell, I still hold some coins that I made with my gpu farm, you really dont want to know how much did those coins cost.
Try including your hardware costs and come back with a truthful figure!
819.
Post 9929844 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
How are the shorts going NotLambChop?
820.
Post 9934030 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
So this embarrassing low volume mini rally topped out at previous historic support $340 that now became resistance.
Ain't looking pretty for the bulls lol
It is the holidays.
821.
Post 9934342 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
following by a dump in the next few days / weeks...
Make that minutesAnyone listened to me?
No.
At these price levels selling to buy back lower is unlikely to yield significant profits unless the price collapses below all support. So you are betting on disaster at the bottom of a trading range. It is more likely the price trades up towards 400 and you buy back in at a loss.
822.
Post 9935136 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Merry Christmas to all bitcoiners (even you lamb chop).
823.
Post 9938243 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Love the cynical 2.5k dump on finex, ha! Love these natural market trades.
824.
Post 9943858 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Slightly pissed check in. Slow incredibly low volume drift lower. Good game bears. Good luck when real people return!
825.
Post 9944831 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
There's lots of talk about cheap Bitcoins
So what USD Value do you think a Bitcoin would be cheap ?
I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.
It will continue to work regardless of what the price is.
I know the relentless greed around here will not agree with the above, the world still needs dreamers though.
You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha!
826.
Post 9944854 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
There's lots of talk about cheap Bitcoins
So what USD Value do you think a Bitcoin would be cheap ?
I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.
It will continue to work regardless of what the price is.
I know the relentless greed around here will not agree with the above, the world still needs dreamers though.
You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha!
inca, you are actually making it very clear that you're delusional by this post.
Really? So you think bitcoin is currently 3000% overvalued?
827.
Post 9944892 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
There's lots of talk about cheap Bitcoins
So what USD Value do you think a Bitcoin would be cheap ?
I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.
It will continue to work regardless of what the price is.
I know the relentless greed around here will not agree with the above, the world still needs dreamers though.
You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha!
inca, you are actually making it very clear that you're delusional by this post.
Really? So you think bitcoin is currently 3000% overvalued?
I wouldn't even bother responding to people who just shit on an idea you shared, without presenting a logical argument...especially when they call you delusional lol
True. But podyx was a reasonable poster earlier this year. I think he is now trading with leverage. I hope he keeps at least a portion of his coins in cold storage!
828.
Post 9948024 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Interesting discussion chaps.
Yep bitcoin is high risk. Going all in is silly unless your are in your early twenties. Saying that I think it really is a commodity to hold for a couple of years at least, to smooth out blips on the long term trendline.
We remain at a great entry point for new buyers (could it get better, sure if we have disaster or a bounce off 275). But IMO the next wave won't get excited and start buying until the price begins to rise again.
My view is that this extended bear market is being driven by new coins floating on the exchanges. The top 500 addresses are gaining coins, not divesting.
If stolfi is right and there are 650,000 addresses with any significant amount of btc in (and I have four cold storage addresses myself) then bitcoin holders propping the price up represent perhaps 100,000 to 400,000 people globally, excluding off chain wallet services. I can easily see another 1 to 10 million people buying a bitcoin in the next mania of 2015/2016 can't you?
They say patience is a virtue and it has been tested this year for bitcoin enthusiasts!
829.
Post 9948293 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
All in or go home.
That's fine if you got in at less than ten dollars and btc
becomes your entire net worth
For those of us with professional jobs and people to support going all in is not practically possible (however tempting!).
830.
Post 9949789 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
I think I'm looking forward more to the eery silence of trolls during the next run-up than I am to the actual price rise.
Yes. They will evaporate I suspect!
831.
Post 9950800 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Slow drift back upwards continues. What are the bets by monday we are at or higher than 333?
brg 1: lambchop 0
Lambchop you write eloquently but sadly your content is lacking. You would be a far more convincing troll if you actually countered arguments with thought out answers, rather than trying to sound superior and ducking the difficult bits.
832.
Post 9950905 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
From where the entire forum is sitting you failed to answer brg's arguments. Instead opting for some extremely well worn escape clauses.
833.
Post 9951002 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
326 USD on coindesk.
What's with all the excitement?
the candlestick... its big green, definitely rebound to 350.
Finex has some eating to do first.
834.
Post 9951427 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
With every new day my hope for 300 or sub 300 coins dies little by little
And thus, like a massive oil tanker the market slowly changes direction
835.
Post 9952092 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Up up up!
836.
Post 9952143 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Still 16500 potential open shorts on bfxdata.
837.
Post 9952555 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Good.
Fewer miners means fewer coins on the market which means higher prices.
This your first day?
Technically he is right, as fewer miners slightly delays the block reward, no?
838.
Post 9952866 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Dat buywall, dat Christmas, dat Uptrend...BITCOIN
Dem cheap coins.
Buy people buy, before the train departs.
this train is going nowhere.
see you below 300.
thank you for closing your shorts.
Shouldn't you be closing yours too? They are underwater, right?
839.
Post 9952908 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Just opened a short. Didn't go all in on it, though. I think we've hit an impasse. We'll see, though. Far from 100% certain.
Just set a close stop..
840.
Post 9955573 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Down a few dollars. Back up by this afternoon?
841.
Post 9955854 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
I just realized there is this Bitcoin superbowl thing going on. No idea what it is but apparantly it's quite big and a lot of eyes are lointing our way.
That makes that dump even more messed up. How much more obvious do you want it. These people are doing everything they can to scare away new people from Bitcoin. They won't stop till there's not a single buyer left.
Yep. Whoever dumped 1000 coins on bitstamp certainly wasn't seeking best price - just to move the price downwards!
Bitpay as is previously documented do not just directly dump onto exchanges, and certainly not in large price moving tranches.
842.
Post 9956007 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Yep. Whoever dumped 1000 coins on bitstamp certainly wasn't seeking best price - just to move the price downwards!
Bitpay as is previously documented do not just directly dump onto exchanges, and certainly not in large price moving tranches.
Didn't exactly look like the buyer you were celebrating last night was seeking best price either. You can't have it both ways.
'Hmmm ... it's genuine buying when someone tears through the order book on the upside but its a conspiracy when they market sell'. That makes zero sense.
Fair point. And that is why I don't really care about the short term price fluctuations. Everything above 275 is noise until we get to about 480 or so. Some upward noise would be nice, though.
843.
Post 9956221 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
so 275 is the bottom for you?
I have no idea, but I would guess so.
It is difficult to value btc but the price has been higher than 275 for over a year now. In that time a lot of positive things have happened in the space, many that would not have been predicted with a straight face just a year ago.
We are in Holiday season and nothing that happens now is really that significant IMO (see volume). I think we see another pump next year which will draw in the next adoption wave.
Edit: I see stolfi is now posting in buttcoin. Impartial academic my arse!
844.
Post 9958337 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Went long at 312... up we go... this game is getting too predictable.
Too bad, major dump incoming in about two or three days.
Enough to break the support? Do you think the support is fake? What's the read you have? I have looked at the indicators and charts and it doesn't look all end of days to me. There's just not enough momentum in either direction. You looking at the 12h MACD?
So we are down 5 dollars. Meanwhile shorts up another 1000 (to 17,500) since yesterday.
Hold me.
845.
Post 9958481 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
275-417; $142 bounce
316-453; $137 bounce
342-395; $53 bounce
305-339; $34 bounce
312-???; $??(?) bounce
is crypto done? Is ripple the future?
Quite right. Support seems to be strengthening!
846.
Post 9958982 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Went long at 312... up we go... this game is getting too predictable.
Too bad, major dump incoming in about two or three days.
Enough to break the support? Do you think the support is fake? What's the read you have? I have looked at the indicators and charts and it doesn't look all end of days to me. There's just not enough momentum in either direction. You looking at the 12h MACD?
So we are down 5 dollars. Meanwhile shorts up another 1000 (to 17,500) since yesterday.
Hold me.
900 dollars. Stop fooling yourself.
Relax it is holiday season. Traders can run the price up and down a few dollars but they are a zero sum game. If demand is there then the price supports will eventually hold. We have been oscillating around this level for months now. Seems like building support to me.
847.
Post 9959034 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
...Seems like building support to me.
You've been wrong before tho...
Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.
Not sure why you keep posting that. You joined the forum in december 2014. You have since posted over 5200 times this year. Shall I requote one of your literally thousands of pointless posts?
The price was lower three months ago. You probably should think about readying up that big buy you have been waiting months for.
848.
Post 9959877 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
are we only hours or days away from calling 2xx our new home for the next few months?
Is there no end to the lacking demand from africans? Adam.. you promised us all that we would get rich on the back of dirt poor africans
If you sell 5000 coins from your supply we will hit 2xx.
849.
Post 9960222 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Shitfinex leading, China still hasnt moved
This is either the best time to buy or the worst time to buy....
China is sleeping and the west is trying to move the market with some pathetic buys that are actually shorts that are closing. We are seeing this every day.
Really? Shorts up to 17,900 on bfxdata ??
850.
Post 9961671 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Actually draw some lines, thats all bitcoin follows anyway. No fundamentals, just pure speculation pump & dump. I can tell you the date (according to the lines) it will hit $250 - around january. Follow the support at bitstamp from about a year ago down to now. Predictable bounce will happen right there. Place bids and then dump when the false hope begins.
A few months later the price is -270 dollars. Predictable bounce just before then, too.
851.
Post 9961687 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Shitfinex leading, China still hasnt moved
This is either the best time to buy or the worst time to buy....
China is sleeping and the west is trying to move the market with some pathetic buys that are actually shorts that are closing. We are seeing this every day.
Really? Shorts up to 17,900 on bfxdata ??
this is like the groundhog day.
btw, you remind me of this guy on the right.
Shorts are rising as the price falls. Near all time highs for the year. Keep on saying the opposite though tarmi.
Edit: now at 18,300 with the price on finex at 318.
Edit2: not seen this before..the btc interest rate is higher than the USD rate..
852.
Post 9963713 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
I wonder if every man and his dog on here are short?
Based on finex data short levels are at the
2nd highest level ever despite a year long bear market. BFXdata has potential open shorts (BTC swaps) at the dizzying heights of 18,700 (up 1900 contracts since yesterday, not far off the 2600 dump that moved us down ten dollars on bitfinex).
It is holiday season and the only people dumping are those trying to move the price downwards - on leverage by the looks of things.
Expect either some mad short covering or the hammer to fall soon
853.
Post 9963803 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
I wonder if every man and his dog on here are short?
Based on finex data short levels are at the
2nd highest level ever despite a year long bear market. BFXdata has potential open shorts (BTC swaps) at the dizzying heights of 18,700 (up 1900 contracts since yesterday, not far off the 2600 dump that moved us down ten dollars on bitfinex).
It is holiday season and the only people dumping are those trying to move the price downwards - on leverage by the looks of things.
Expect either some mad short covering or the hammer to fall soon
Maybe, but apart from market sells, there's not much action lately. Not many seem to be comfortable buying at the moment, although some appear happy to leave their bids hanging in case of a dip.
That was the point. The market sells are probably large tranches of short contracts dumped in one go. A few hundred coins sells from
lemmings momentum traders adding a bit of extra volume. That isn't particularly organic selling, and coupled with rising btc swap rates and overall btc swap contract levels at near all time recorded highs we could be at an inflection point.
Those coins have to be bought back.
Edit: fuck it i'm buying.
854.
Post 9964352 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
I wonder if every man and his dog on here are short?
Based on finex data short levels are at the
2nd highest level ever despite a year long bear market. BFXdata has potential open shorts (BTC swaps) at the dizzying heights of 18,700 (up 1900 contracts since yesterday, not far off the 2600 dump that moved us down ten dollars on bitfinex).
It is holiday season and the only people dumping are those trying to move the price downwards - on leverage by the looks of things.
Expect either some mad short covering or the hammer to fall soon
BTC swaps are near all time high that's true, but there is something to consider here:
-BTC price has lost 70% of its value since the ATH, and BTC swaps are measured in BTC of course (not in USD), so the amount of BTC swaps currently are actually worth a half/a third (in USD) compared to the beginning of the year.
Longs for example are clearly measured in USD, and that's 21.5 million USD in longs, a lot more, as always.
Shorts: 5.7 million USD
Longs: 21.5 million USD
Good point, though it is closer to half since start of the year. Longs are also down nearly a third from july (the ATH 30 million dollars long leverage).
Given some speculative money has left the space what we are left with is: longs gradually trending upwards but nearly a third down from 5 months ago, with shorts at nearly the ATH, high btc swap rates and a dwindling supply of coins on finex. I haven't looked at the chinese exchanges as I don't trust the data from them at all.
So is there a manipulated large dump coming or a short squeeze? Who is left to sell who hasn't already?
Edit: Though of course all it takes to get some arbitrage is a china trader selling to himself on huobi or okcoin
855.
Post 9964407 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Edit: fuck it i'm buying.
ouch!
Yeah i am down a whole 8 dollars on the 2 coins I picked up!!
856.
Post 9964586 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Slow drift back upwards continues. What are the bets by monday we are at or higher than 333?
Is it monday lambtroll?
857.
Post 9964714 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Edit: fuck it i'm buying.
ouch!
Yeah i am down a whole 8 dollars on the 2 coins I picked up!!
all that tough talk and you bought 2 btc.
welcome to speculation forum!
I buy a few every week at these prices. That is the point of disposable income, right? Trading is not the only form of speculation!
Edit: inching closer to 19,000 shorts. Just 50 to go!
858.
Post 9966838 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
think we'll have any significant differences in price movement (up, down, bouncing around...) after new years? seems everything's kinda just waiting this time of year.
It's not so much waiting as people losing interest.
5200 posts since March 2014.
You certainly havent lost interest.
859.
Post 9967470 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
i am thinking to change all my btc in bitshares and ripple
Crack on!
860.
Post 9969420 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
People in glass houses shouldn't throw stones.
861.
Post 9971741 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.41h):
Good luck.
I have absolutely no indication or premonition on how this is gonna go. If you have data that you feel comfortable acting on at this point, kudos and best wishes, but right now I'm feeling this is pretty much a coin flip.
Long term as well i am uncertain.
If it survives until at least 6 months after next reward having I expect at least 10k but I could not place a good probability on the chance that bitcoin will still exist at that point. So still an all or nothing bet to me at this point.
long term / weekly downtrend is intact. no point fighting it. breaking 300, 275 and beyond is almost a foregone conclusion at this point, in my mind. there may be better short entry than $320 to be had though.
Bitcoin to zero because a line points down.
What makes you think 300 or 275 won't hold other than the above sentence?
862.
Post 9978259 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.42h):
Yeah, trying to break the weekly low, but sure is taking its sweet time.
Like watching paint dry.
So are you lambtrolls latest alt?
863.
Post 9987640 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.42h):
where are those guys that are buying with both hands?
Most cultists and permabulls still live in the basement of their parents' house. And their "salary" is the $5 allowance they get every week, so they don't really have a lot of money to spend on trying to keep this sinking ship afloat.
Love it exo. What amazing job do you have to impress us all?
864.
Post 10009410 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.42h):
@JJG I don't think we can assume to know which is easier making these kind of assumptions is just silly. Bull whales with fiat aren't going to pump it without holding it first hand, so perhaps they're accumulating all the way through this bear trend, perhaps they're not...It's just easier to watch and see what happens...all the while paying attention to how infrastructure is growing in the bitcoin space.
I think the more pertinent question is why won't there be another pump?
We would simply be retracing our previous steps and the price could nearly quadruple from here just to reach the ATH. Top 500 addresses shows accumulation during this bear market, just as in others.
Why would whales accumulate coins if they did not expect the price to rise subsequently?
865.
Post 10010098 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.42h):
Why would whales accumulate coins if they did not expect the price to rise subsequently?
I haven't seen a decent analysis to show it's financially viable to manipulate the market by buying and selling. It seems risky at least.
So, who's to say whales' expectations are correct?
It isn't an analysis you will likely see now is it. That doesn't stop it being possible or probable.
The point is that whales in the top 500 addresses are buying low.
866.
Post 10010322 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.42h):
The point is that whales in the top 500 addresses are buying low.
How do you know they're buying and not just transferring coins they already had from other (presumably smaller) wallets?
Occam's razor. It is a multi year trend.
867.
Post 10020747 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.42h):
Bears salivating over microscopic volume. Just wondering which of you have already sold? That's right, all of you!
Wake the rest of us up when something meaningful actually happens. Enjoy the weekend.
868.
Post 10022274 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.42h):
Buying time.
869.
Post 10025449 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
<troll crap>
Your post frequency has gone up suddenly. Good luck with your buying!
870.
Post 10025500 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
Some people are here in this forum not because they want to
buy your bags rebuy cheaper, but simply because bitcoin is backed by gold.
Comedy gold.
I think you'll find that with the exception of a few Edward50's, Nagles etc that everyone else is either a holder, a mad skills trader, or simply waiting to buy back (lambtroll, Exo, trolls) and talking Bitcoin down until it turns.
871.
Post 10026041 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
I cant be the only person calmly buying here. We were here four months ago. Time to do the money shuffle again.
872.
Post 10028829 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
Things moving faster than expected. Won't have time to get fresh fiat to the exchange before this is all over at this rate.
873.
Post 10028892 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
Things moving faster than expected. Won't have time to get fresh fiat to the exchange before this is all over at this rate.
Not a problem. Flush it down the toilet--end result's the same
Strange thing to say when you have posted 5000 times trying to get the price down to this level since March last year.
This is where you admit that your money is sat on bitstamp and your finger is hovering over the buy button..
874.
Post 10028947 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
Things moving faster than expected. Won't have time to get fresh fiat to the exchange before this is all over at this rate.
You won't have time to get fresh fiat to the exchange before BTC goes sub 200. This ship is sinking faster than even I predicted. Such a shame. Chasing losses must be a nice hobby. Really profitable, right?
Do you really want me to dig up that post listing your calls over the last year predicting the btc price so accurately? They range from ten dollars to 100,000 dollars a coin.
And where are these losses you keep droning on about? We didn't all buy in the November 2013 run up like you
Happy accumulating bitcoiners!
875.
Post 10032116 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
Shorts back up to 18900
876.
Post 10036675 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.
877.
Post 10036721 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
So you perma-bulls are saying that since BTC price crashed but recovered in the past when it was worth nothing and a lot less new fiat coming in was necessary to pump the price that means every crash today is just a bear trap?
Even after one year of bear market (never happened before) even after seeing prices reaching a low that was not seen since 2013 even after having broke the previous bubble high (never happened before) even after having broke a multi-year support trend line (never happened before)?
So even if we reach half a dollar nobody needs to worry because the moon is around the corner? Nice mental trap you have set in for yourselves.
Yes it is terrible. I will reach my bitcoin target for 2015 in the first two weeks. Please continue shorting it lower.
878.
Post 10036870 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.
Still 1/4 of the USD worth of longs...
Is it not worrying to you that one of the reasons we should pump is just a temporary short squeeze (that might not even happen at all)?
Is that the reason people should buy bitcoin at this price after having seen this crash? Because of a short squeeze?
This 'crash' is someone dumping through support in a thin market on a weekend - using a lot of borrowed coins to do so.
Those 20k shorts on finex have to be bought back.
Bitcoin is a highly speculative long term play. Why should anyone buy in now? Well the price is 75% down from the recent ATH. It has been supported at levels far higher than this for over a year. It may be pushed lower, just means I get to buy more each month!
879.
Post 10037541 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
How far upwards does a flash purchase of 15k take us?
880.
Post 10037772 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
Its accumulation time. Fresh fiat hits the exchanges tomorrow.
881.
Post 10038852 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.43h):
...the whole ecosystem will have to start from scratch basically.
Only for coins with value driven entirely by speculators. Now imagine a coin that's actually useful & not driven by hype...
Every useful coin will be driven by hype when traders realize the coin is useful...
Sure, so would toilet paper. The defining difference between something driven
entirely by hype & toilet paper being that toilet paper is useful.
Do you even read the tripe you post? One would think you would get bored after 5000 posts in 9 months. We are.
882.
Post 10044876 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
Need to say... I'm impresed there was no panic on other exchanges (yet)
The manipulators who dumped us down to new lows have already fired their ammo.
Even with finex and the Chinese fake exchanges you need coins to sell to move the price. Anyone selling will have done so a long time ago IMO. Grizzly believers left now
Edit: btc shorts at near all time highs on finex. Over 20,000 now.
883.
Post 10048847 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
Yes and if we were to experience a 2013 rate of growth again, we'd be put at $35k/BTC at the end of november. Funny this market, ain't it?
Mt Gox, the biggest exchange in the history of bitcoin, closed and stole acount holder funds, and now it appears that Stamp -- less than one year later -- is experiencing some significant problems of its own.
Merchant adoption means very little any more. Companies adopt bitcoin and the price barely moves.
It would take nothing short of a sovereign country adopting bitcoin as its national currency to cause a spike in price again. Face it, the 2010-2013 bull market is over and the bubble is now deflating. There's very little to get excited about anymore in the world of bitcoin. Expect the price to continue falling.
Take this crap to other threads or talk book less.
884.
Post 10055035 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
No this is just nothing but plain short covering. It will bounce a little and then head towards the $200
You know rather than guessing you can just see that btc swap contracts are only very slightly below their all time high level, right? Currently over 22000 contracts.
Www.bfxdata.com
885.
Post 10055204 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
No this is just nothing but plain short covering. It will bounce a little and then head towards the $200
You know rather than guessing you can just see that btc swap contracts are only very slightly below their all time high level, right? Currently over 22000 contracts.
Www.bfxdata.com
Yes but in all honestly it doesn't really make much difference.
Well it makes a difference between lying to support your short position and reality.
886.
Post 10055807 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
all those mega bears gone real quiet?
all your short profits locked up in fake fiat in an insolvent fake exchange? boo-hoo ... naked shorted and crashed the asset underwriting the exchange holding your fake profits ... what idiots, you are better off at vegas.
hacker who has the coinz makes the rules.
Bitstamp didn't have margin trading.
now they have NO trading whatsoever! hahahaha
lol
Hoping people will be able to get their money out, or it won't be much fun for them.
Although I wish loss on noone, there would be something delicious about a certain bear troll with >5000 posts bashing btc finally buying back in at the exact moment bitstamp goes dark
887.
Post 10056731 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
they have like 200 k coins in cold wallet, but I am guessing that bulls are gonna go and try a btc run once bitstamp opens its doors.
I hope that is their plan, cause we all love those pumps.
Well with shorts at ATH on finex we could bounce up a fair distance, no?
888.
Post 10056759 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
with 19 millions of longs and btc price @ 270 I have my doubts about getting far.
310~320 $ is my guess.
Who knows, let's roll the dice
889.
Post 10062007 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
If you buy bitcoin at this price, you should give up because your family and friends will think you're a stupid. Give up bitcoin game, invest in real assets with underlying values.
Hilarious. Welcome back fallling.
Meanwhile shorts at over 23000. Keep shorting
890.
Post 10067251 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
So price drifting up. Some big sell walls capping the price on finex. Longs now down to 18.x million usd and btc swaps at 22,X00, still pretty much at ATH. Interest on usd lower than btc. The only question is how many of those swaps have been sold into the market - i would guess lots.
People seem to be expecting stamp to buy up the market, very unlikely, they will do an OTC trade i would guess. Either way those 18,000 coins need to be replaced. A single large market buy can really upturn the cart right now.
891.
Post 10067345 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
Thank you for confirming my thoughts.
Next 5 days are critical
Care to repost your recent price chart with the future guessed on it?
892.
Post 10067651 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
stmphax coins moving
Doesn't matter where they go. Unless it is back to stamp in a deal they aren't being spent on an exchange for a looooong time.
893.
Post 10067789 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
stmphax coins moving
Doesn't matter where they go. Unless it is back to stamp in a deal they aren't being spent on an exchange for a looooong time.
I'm not so sure. Just move the coins around a bit, wait for distributed exchanges to pop up, then slowly unload.
Traditional law enforcement is simply not incentivized to put a large amount of resources into tracking down these kind of criminals. I mean, it's not like they stole from an organization that has lobbyists in Washington or anything.
Could be true. But in the sense that the coins are unlikely in the short term to reach an exchange I think their effect is neutral. What happens when stamp opens is interesting.
894.
Post 10068745 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
Well, no movement in the market so I guess this was expected and the general assumption is that there is no way to easily dump these coins on an exchange, etc...
well there is really, it's simple, send them there and dump.... How the exchange reacts is a different story.
If you had 18k bitcoins you could place orders with fiat low down the order book, send the coins to exchanges and crash them nto the order books making sure to catch your own orders. chances of you getting caught or the exchange reversing the trades are high though
Yeah. And back in reality these coins are in the public eye with a probable criminal investigation ongoing.
You think the thief is going to try and crash the market without anyone noticing? Or just link up their bank account an swan off scot free?
They will probably get away without getting caught. But those coins won't be sold on exchange IMO.
895.
Post 10068827 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
...
Yeah. And back in reality these coins are in the public eye with a probable criminal investigation ongoing.
...
Thank goodness for nanny state we can run to When Things Go Wrong
Since when is maintaining the rule of law advocating a nanny state?
896.
Post 10069544 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
"How's BTC doing mate? have you dumped all our coins yet?"
"Nah, still 100-200k coins left, we'll pump for a few other $50 bulltraps while we unload and in a few months we'll be out completely"
"Sweet. Perma-bull bitcoiners still fall for these bulltraps tho? Do they still work?"
"Apparently, yes. We made a good job with the 2011 and 2013 shakeouts. So good that the cultists now think BTC will always recover from crashes and go up forever. Lmao"
"haha I know right?"
You serious with this crap lol? You've gone awfully quiet about ripple..
897.
Post 10069675 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
You've gone awfully quiet about ripple..
Because he sold, duh.
Neatly illustrating my point yesterday that he book talks constantly.
898.
Post 10070051 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
"How's BTC doing mate? have you dumped all our coins yet?"
"Nah, still 100-200k coins left, we'll pump for a few other $50 bulltraps while we unload and in a few months we'll be out completely"
"Sweet. Perma-bull bitcoiners still fall for these bulltraps tho? Do they still work?"
"Apparently, yes. We made a good job with the 2011 and 2013 shakeouts. So good that the cultists now think BTC will always recover from crashes and go up forever. Lmao"
"haha I know right?"
You serious with this crap lol? You've gone awfully quiet about ripple..
It's a joke dude, a joke about the fact that perma-bulls take from granted that BTC will go up forever just because it recovered in the past when all it needed what a small injection of new fiat to pump it.
I mentioned XRP here when it was 0.0085-0.012 and is now at 0.021 after a correction, so? I made it clear in my posts that I don't necessarily think ripple the network IS the future I just think it solves big problems with BTC and the blockchain that make it not viable long term and it's a step in the right direction.
I think if decentralised networks/currencies have a chance, the winner won't be BTC or all the clone shitcoins but something similar to what ripple THE NETWORK is doing. That's it.
For all I know the project itself could fail. Or XRP the currency could be worthless while the network will be used by banks and big companies.
I am not a shill for anything in crypto.
I stopped talking about it (or anything else that is not BTC) because I was told by 50 different members that this is a forum/thread about BTC and to GTFO
Fair enough. Good trading.
Edit; bot hoovering on finex
899.
Post 10070223 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.44h):
Hey macsga, i am travelling through Greece. Are you far from Athens?
900.
Post 10071953 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
There is no way Bitstamp is able to covering loose of $5 million dollar! If VC funding as you say, then no VC going to burn money into such a hopeless business!
Please do the needful... don't be a stupid. withdrawal your asset from bitcoin exchange as soon as is possible!
Ok lambtroll
901.
Post 10071987 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Shorts on bfxdata up to 23900. Up up and away.
902.
Post 10073302 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Shorts still sky high. If they have been sold into the market then they are in pain already. If not then not long before the hammer
903.
Post 10073320 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
LOL LFC_bitcoin <3
Yup, < $300 bitcoins will never happen! Right bulltards?
I thought 2013 was the last time to buy for less than $1,000?
We realise you are probably leveraged and underwater, but calling someone who is bullish a 'bulltard' just makes you come across badly.
904.
Post 10073605 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
LOL LFC_bitcoin <3
Yup, < $300 bitcoins will never happen! Right bulltards?
I thought 2013 was the last time to buy for less than $1,000?
We realise you are probably leveraged and underwater, but calling someone who is bullish a 'bulltard' just makes you come across badly.
I'm not "leveraged" in anything. Not as dumb as you bulltards to entrust a third party bitcoin exchange based out of some backwater third world country to my assets. I invest in real markets and companies with actual value.
Then why are you trolling a bitcoin enthusiast forum so fervently?
905.
Post 10073815 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
LOL LFC_bitcoin <3
Yup, < $300 bitcoins will never happen! Right bulltards?
I thought 2013 was the last time to buy for less than $1,000?
We realise you are probably leveraged and underwater, but calling someone who is bullish a 'bulltard' just makes you come across badly.
I'm not "leveraged" in anything. Not as dumb as you bulltards to entrust a third party bitcoin exchange based out of some backwater third world country to my assets. I invest in real markets and companies with actual value.
backwater third world country??? Retard! Who do you think you are? Stamp is the biggest exchange out there. They're going to solve this one out - don't worry. They're not like Gox and shitty exchanges you know.
The biggest bitcoin exchange and they can't even keep their bitcoins secured. Well, that's reassuring.
Seriously, post less or I suspect you will be disappeared.
906.
Post 10074118 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Really seems like someone has stocked up a ton of btc swaps without actually selling
Possible. Could be hammer time, or retail expecting a push too far..
907.
Post 10074164 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Total sum of active swaps: 23,828.11 BTC. Atleast we have some fuel to get back over 300$.
What do you use to track this #?
Bfxdata.com
908.
Post 10074780 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
OMG!
Satoshi! Lambie! Riceing!
They are the same person!
Well two out of three are probably the same :p
909.
Post 10078172 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
I may have missed it but btc swaps (shorts) now up another 1800 coins to an ATH busting 24,600 contracts.
Someone has dumped a roughly similar number of coins to slide us back to 290.
Long USD swaps are still quite low at 19,200,000 USD. The interest rate on USD is still lower than BTC suggesting BTC are in higher demand currently (unusual).
If this is retail (you) continuing to short then we will have fireworks upwards soon. If it is a whale buying up all supply it could be yo prevent further shorting or to dump on the market.
910.
Post 10078208 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Hmm.. bearwhale does not show up in the financial list demanded by EU for any tx exceeding 30k in areas where there "is a greater probability of occurrence of money laundering or terrorist financing"*
http://www.uppd.gov.si/si/delovna_podrocja/vsebinska_podrocja/objave_38_clen_zppdft/podatki_o_transakcijah_38_clen_zppdft/ -- Where you find the newest lists.
http://www.uppd.gov.si/fileadmin/uppd.gov.si/pageuploads/NAKAZILA/Arhiv/nakazila_06012014.xls - The most up to date list
* Google translate
http://www.uppd.gov.si/si/delovna_podrocja/vsebinska_podrocja/objave_38_clen_zppdft/edit: Actually I think I might have a good candidate for who bearwhale is even though the dates dont add up:
5496 10.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, BERMUDI 999 099 840
5495 10.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, BERMUDI 999 099 840
5494 10.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, BERMUDI 999 099 840
5493 10.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, BERMUDI 999 099 840
5492 10.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND. BERMUDA, HM DX HAMILTON, BERMUDI 999 099 840
5491 10.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, BERMUDI 999 099 840
5490 10.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, BERMUDI 49 888 840
5489 10.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, BERMUDI 999 099 840
5449 04.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND EMERGING BERMUDA, HM DX HAMILTON, MALTA 999 099
5397 02.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, MALTA 999 099
5396 02.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, MALTA 999 099
5395 02.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, MALTA 604 937
5394 02.12.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, MALTA 999 099
26.11.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, BERMUDI 999 099
25.11.2013 BITSTAMP LIMITED 5 JUPITER HOUSE CALLEVA PARK, ALDER, BERKSHIRE, VELIKA BRITANIJA BITCOIN SUB-FUND BERMUDA, HM DX HAMILTON, BERMUDI 999 099
So only in december those guys cashed out ~11,6 million euro - and if we add late november we are at 13,6 million - about $16million dollars.
Think its pretty obvious who has been in complete control of the price of bitcoin over at stamp
Both the pumps and dumps are lead by those guys -
http://bitcoinfund.eu/Nice timing getting out before stamp collapsed.
edit: Jon Matonis wrote an article about bitcoinfund for forbes
http://www.forbes.com/sites/jonmatonis/2013/03/08/first-bitcoin-hedge-fund-launches-from-malta/ - For those that don't know, he was the former executive director of bitcoin foundation.
It is pretty obvious the price has been gamed by a few colluding players. They have cashed out, temporarily it seems. Interesting times.
911.
Post 10078220 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Bitcoin is too expensive to pump now. I honestly don't expect it back above 300USD. But revolution doesn't come cheap. I ain't mad at it
No, just wrong. A simple glance at the historical price chart for the last year and a half demonstrates that clearly.
912.
Post 10079267 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Pump to 315 incoming.
I said it yesterday, last top $320
If we cross 310-315$ lots of shorts will be closed... jump to 330-340$ could happen
If that happens the Chinese will finally turn bullish and boooom
Yes just need some buying here. A single whale or lots of minnows.
913.
Post 10079366 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Bitcoin pls to 270 so I feel good tomorrow when I buy you
Last weekend was a big drop, this weekend will be different
800 coins to 300 now..
914.
Post 10079473 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Huobi and OKcoin wish you good morning, ladies!
Fake volume. Fake exchanges
915.
Post 10079512 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Huobi and OKcoin wish you good morning, ladies!
Fake volume. Fake exchanges
What's better, a fake exchange or an insolvent exchange?
When did you stop beating your wife?
916.
Post 10079592 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Huobi and OKcoin wish you good morning, ladies!
Fake volume. Fake exchanges
What's better, a fake exchange or an insolvent exchange?
When did you stop beating your wife?
I'm not the one who started using an assumption as a fact.
are assuming that bitstamp is insolvent though.
And any exchange where I can sell 10000 coins to myself and move the price at will, for zero cost, relying on arbitrage to on actual fee paying exchanges to move the price is fraudulent. Chinese exchanges should simply be ignored - as they will when any regulated exchange with a decent market depth comes online. Oh and their orderbooks are fake.
917.
Post 10079808 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Huobi and OKcoin wish you good morning, ladies!
Fake volume. Fake exchanges
What's better, a fake exchange or an insolvent exchange?
You're asking what's better ??
A fake exchange means fake volume, fake FIAT, fake Bitcoin.
It's a damn scam.
Ok, since nobody here admits they get it,
Is it more likely that the trading happening on OKcoin is fake or that Bitstamp is insolvent?
The dumb thing is, we can't know and it could be both, and it could even turn out that Bitstamp is the fake and Okcoin the insolvent one.
As you say they are all unregulated so who truly knows.
We do know that bitstamp has ceased trading and there is no definitive evidence they are insolvent.
Meanwhile btc swaps have passed the 25,000 mark on finex.
918.
Post 10079990 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Meanwhile btc swaps have passed the 25,000 mark on finex.
Can we trust
that ??
Of can we trust that there are in nobody out there that knows more about the current situation than we do and is leveraging it to the hilt?
So many unknowns, but you consistently point to the 'open shorts' in the hope of an epic short squeeze. You may very well be right, but be careful interpreting anything you hear or read right now. Many of these short may have so much conviction/knowledge that they are unsqeezable.
I posted in the 'This can't end well thread' - it could very well be that (possibly nervous) miners are becoming more sophisticated as the market matures and the products available increases,and some are actually hedging future output with BFX shorts, as happens all the time in commodity markets. Again, these would be virtually unsqeezable. And it would not be an altogether unsurprising action in the current climate of uncertainty.
And what about the 10k BTC of bids that have disappeared from the BFX bid side. Leveraged longs may be getting a bit twitchy too.
I have no idea if this or anything I said is happening, just keeping an open mind to what is unfolding as it is possible for the landscape to change very quickly at this time.
ATM it looks like things have turned decidedly bearish and has done since we hit the high last night. We will need to take that out on high volume for me to change my view.
Interesting times ...
I am simply pointing out that short swaps are at an ATH even as the price stays relatively static.
This is an extreme market condition. It doesn't mean the price goes up.
It is very worthy of note as previously a massively high short position precedes a reversal. But this is Bitcoin where the bid side could be the guy shorting
919.
Post 10080204 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
<snip>
I am simply pointing out that short swaps are at an ATH even as the price stays relatively static.
This is an extreme market condition. It doesn't mean the price goes up.
It is very worthy of note as previously a massively high short position precedes a reversal. But this is Bitcoin where the bid side could be the guy shorting
I think you are doing a bit more than that IMO. You are only telling half the story by not talking about the bid side that has disappeared. BFX looks like an accident waiting to happen in both directions right now.
Its also worthy of note that at this point these guys are simply refusing to back down and are increasing their bets. I am honestly surprised that we have seen no covering whatsoever. It makes me think about what it might be that I do not know.
The long USD swaps are ten million dollars below where they were a few months ago. The bid side orderbook is just that, illusory changing window dressing for us to interpret.
Telling half the story would be me suggesting the price will move up, rather than suggesting a down move is also possible.
Even shorts opened by miners are not held in perpetuity, if the price rises they would be closed and reopened higher. You only hedge against price falls.
920.
Post 10081359 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
So do you think bitstamp is coming back?? I have most money there
I don't think Stamp will go back in the promised 48 hours. And they will take some time before they do another announcement.
My bet is we will see another trip into 250 soon
Could be. Btc swaps up to 25400 and climbing.
921.
Post 10081534 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
...
Could be. Btc swaps up to 25400 and climbing.
It doesn't mean what you think it means. It means that pretty much everyone other than yourself knows this thing is going down
I know you have no idea which way the market will turn. You had your funds on an exchange, right? Poor sap
922.
Post 10082311 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
To the folks talking about high number of shorts open: A high number of BTC swaps is a necessary condition to a big short squeeze, not a sufficient one. It needs reasons for panic buys to actually squeeze the shorts. Will there be one?
Here is the thing. Simply the existence of a vulnerable short position is reason alone. And it is all time high 25,600 open, not just high
923.
Post 10082442 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
To the folks talking about high number of shorts open: A high number of BTC swaps is a necessary condition to a big short squeeze, not a sufficient one. It needs reasons for panic buys to actually squeeze the shorts. Will there be one?
Here is the thing. Simply the existence of a vulnerable short position is reason alone. And it is all time high 25,600 open, not just high
You're not fooling anyone
We'll see shortly.
With your >5000 posts in 9 months bashing bitcoin you can be fairly sure you have zero impact on the readership of this forum Lambchop, or is it FatherBob, or FreeBambi, or Warren Buffert! I keep losing track!
924.
Post 10083641 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Bitstamp to reopen "soonish". Hang in their guys! They're currently working with their lawyers in San Francisco to figure out how best to deflect the blame!
You really are posting with great vigour and frequency lambchop.
925.
Post 10083688 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Running through your posts , there isn't a single page without a message of you quoting notlambchop....
You have some weird fetish
I suggest an eye test
926.
Post 10084055 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
I have waited 2 fucking years for this bullrun
If I miss the party just cuz I deposited my funds right before bitstamp got closed down, I will be fucking pissed.
Definately will be taking some more loans if bitstamp don't open up soon
Seriously,
This is not trolling , no bullbearwhale crap talk...
You need help.
If you're seriously thinking about getting MORE loans you're right now worse that a bet addict.
And I know what I'm talking about.
Go on..
927.
Post 10084184 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
I have waited 2 fucking years for this bullrun
If I miss the party just cuz I deposited my funds right before bitstamp got closed down, I will be fucking pissed.
Definately will be taking some more loans if bitstamp don't open up soon
Seriously,
This is not trolling , no bullbearwhale crap talk...
You need help.
If you're seriously thinking about getting MORE loans you're right now worse that a bet addict.
And I know what I'm talking about.
Go on..
A guy taking more loans .. so he is already in debt
He needs money and he only has a loan as a solution , it means he has no money outside his bitcoins and bitstampmoney
And yet he wants to take it and invest it (aka smartsuit gambling)
And you don't see a problem with it
You said you knew what you were talking about. I expected some revelations from you. Who said I don't see a problem with it?
928.
Post 10084299 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
You said you knew what you were talking about. I expected some revelations from you. Who said I don't see a problem with it?
About 45 000 to 50 000 euros lost on the track between 2009 and 2011.
Sorry to hear that.
Obviously borrowing to invest is crazy and not something I would recommend.
929.
Post 10085507 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
...
Surely there must be more to life than spending you're entire time on a forum of something you utterly hate and have zero (positive) interest in?...
I find Bitcoiner antics delightful, there's no room for hate in my heart--it is two sizes too small
You would have to pay a lot of money to always have the price of coffee on my screen and have me write dozens of posts a day on a coffee forum. Just wondering what your incentives are?
Observing you Bitcoiners is much funnier than watching the price of coffee. Stop selling yourself short.
You own bitcoin. You have money on at least one bitcoin exchange. You have posted more than 5000 times in 9 months from one acct and have several other active alts.
I think it is fair to say you ARE a bitcoiner.
930.
Post 10085707 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
No, you try to get people to sell. Plonker.
931.
Post 10092939 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Or maybe they don't want the price to fall and that's why they wait until the banks are closed. People who want to withdraw their funds from the exchange fast will buy bitcoin because fiat wouldn't get transferred until Monday.
Very interesting idea.
Edit: they should probably open their books to an auditing firm and publish the results to confirm they are solvent prior to opening.
Whilst in light of gox it is normal to be concerned nothing stamp have done after this criminal theft has been concerning. Not everyone is a screeching bear dreaming of an exodus and price crash.
932.
Post 10093105 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
If anyone believes that rampant and unchecked criminality in a marketplace
inspires confidence in what is being traded there
have fun buying as long as you last.
If anyone actually believes that it's possible to have a free market without people trying to exploit it
have fun living in this unfair world.
Guys guys i thought we all agreed to sit in circles and sing Kumbaya. So who took my sandwich out of the fridge?
Well, usually free markets have law enforcement and criminals can face
consequences. This gives traders confidence in the integrity of the markets.
But this is totally absent from the bitcoin market which is one of the main
reasons why bitcoin has no volume and keeps tanking.
Presenting opinion as fact is great isnt it!
933.
Post 10095389 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Meanwhile, some serious bid walls have been built. Wonder if they all disappear if stamp doesn't go online in the next 4 hours or so...
Even with a large team of experienced developers, It's a lot of work to rebuild an entire financial system in under a week. But hey, they are the ones who gave their own ETA! This is going to be an interesting day. Coffee machines must be cranking hard at Bitstamp's office.
Yes, they should probably have bit the bullet and told straight away that this would take some time. People need to sleep, people make mistakes. It is sort of important that they've done it right when they are online again.
It is difficult to win with bear logic on here. Not opening instantly - they are insolvent, sell sell sell, now they are opening after a trivial delay - they cannot possibly be secure and safe in this timeframe, sell sell sell!
934.
Post 10095473 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Exodus cancelled in t-60
935.
Post 10095699 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
We are you bears and trolls ?
Anxiously glued to the screen hoping the price will retrace back down lol.
936.
Post 10095765 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
big middle finger to all them "you got stamped/this is gox all over again/they will run with your money" sayers
kudos to bitstamp.
well done.
You took the words right out of my mouth.. The speculation on here is beyond idiotic sometimes....
As if a 5 million dollar hack on a business running successfully for five years is going to stop one of the worlds biggest exchanges - especially when the owners have squirrelled away 25 million dollars and they have been funded another 10 million by VC's.
It is going to take some serious FUD to throw us lower IMO. Who knows what will happen next but this could be the turning point of the year.
Edit: Oh and there are still over 24,000 short swaps on finex.
937.
Post 10095863 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Price bounces $7 on the news. Bulls lose their shit and post flaming trains
Last night you lost your shit posting a fairy picture pointing at a 4 dollar price drop. Lol.
938.
Post 10096021 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
The exchange isnt even open yet
Edit: I was just reading a pro bitcoin price-waterhouse-coopers report to UK government about bitcoin. Don't worry lambtroll your audience hasn't left you.
939.
Post 10096042 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
The exchange isnt even open yet
Bb.. bu.. bu.. But Choo? Choo Choo?
Patience..
940.
Post 10096137 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
The exchange isnt even open yet
Edit: I was just reading a pro bitcoin price-waterhouse-coopers report to UK government about bitcoin. Don't worry lambtroll your audience hasn't left you.
Not open for trading but I just successfully withdrew the 3 bitcoin I bought just before they went offline.
never thought I'd see those again
Everyone who wants to withdraw bitcoins can do. As pointed out earlier some people will buy btc to get their fiat out instantly. I suspect most will just leave it all on the exchange though. This clearly is nothing at all like Gox.
941.
Post 10096174 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Time for the bulltards to get slaughtered again. They never learn.
Post your silly pixie again lambie!
942.
Post 10096233 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Let's see if we take 300 this time
943.
Post 10096339 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Up we go.
944.
Post 10096437 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Remember Gox in January 2014? There was 15%+ difference to other exchanges, because people were buying and withdrawing coins.
The same could be happening with Bitstamp now. It coincides with a normal upward market movement, but it could be misleading.
Where is the 15% difference?
945.
Post 10096504 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Going to get filthy rich on this!!!! Woohoo!!!!! Drop mother----er... drop!
4,000 coins dumped on bitfinex to keep us where we are so far.
946.
Post 10096534 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
If you could confine yourself to just posting from multiple accounts in the same post that would be great lambtroll.
4000 coins dumped on finex and we are still at 288 lol
947.
Post 10096618 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
Right off for a curry.
Basically we havent moved anywhere. GG bulls and bears
948.
Post 10101242 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.45h):
I think short-selling will never end. It's a powerful negative feedback loop. Bitcoiners are killing Bitcoin
Well selling 6000 coins on finex on Saturday morning isn't anything other than manipulation is it. Certainly not selling for best price.
949.
Post 10103189 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Bears are using mathematics while bulls are just hoping and believing in miracles right now.
I hope bitcoin will reach 10k... 100k....$1M. I hope bitcoin does that. I hope bitcoin bla bla bla. I don't know what is wrong with you. The price already touched 255. What is the reason for bitcoin not to go on that path again ? Or even lower. Tell me one god damn reason.
I can tell you why it is going DOWN.
Bitcoin is fucking scary to use right now. People got lucky that Bitstamp had the money to save their whorehouse, otherwise there would have been many tears in here.
Do i really need to bring back my old arguments regarding how hard it is to use bitcoin, store it safely from both virtual and physical problems and many more ? Non-tech savvy people are terrified when i explain them bitcoin. And i never even told them about the risks
You are extremely emotional.
The very fact that this forum is now almost totally overwhelmed with obnoxious trolling just reeks of absolute desperation to be honest.
Bitcoin can literally go to zero and I can just laugh it off. I bought most of mine in march/april 2013. I will continue to buy it because I believe in the project.
A floor will appear where the few traders colluding the price lower cannot push it lower profitably. I may have 200 coins by then, it could be 2000. Bitcoin will still be the revolutionary technology I recognised when I first read about it properly.
You keep trading your meagre life savings. It will end well I'm sure!
950.
Post 10107951 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Watching the bitcoin price tickers for all of the exchanges is damn stressful.
I am sitting on so many coins that all I am doing now is watching the price all day.
It is not like I don't already know what to expect.
Still, it never gets easier.
up down up down down down down down up up up up down down down down down up down up down.
My eyes and brain hurt.
I need a bitcoin break, but I cannot afford to look away from the screen.
I know that my advice might not be appreciated, but I think you need to reconsider your position.
If you are feeling stressed, then it's likely that you are over-invested in this little experiment we are participating in.
If you have more money "invested" in bitcoin than you could comfortably afford to lose, then you're doing it wrong.
Just my opinion.
You do realize these are just strawman accounts set up by trolls to present a ridiculous situation for other trolls (themselves most likely) to attack?
I wouldn't bother...
You do realize these are just strawman accounts set up by trolls to present a ridiculous situation for other trolls (themselves most likely) to attack?
I wouldn't bother...
Apologies, I thought Steven was a real person.
My bad.
*edit* am I the only one that finds the excessive bear trolling to be bullish?
My traps are set from 300 down to 250 (CAD)
You bears are welcome to unload your beanie babies at my prices.
I am a purmabull.
What are you talking about?
I have been hodling for years now.
I know I am not the only person who has lost money outside of bitcoin and all of sudden anything I own worth value is more important. I had assumed with my coins I would hodl them for 10 more years. Unfortunately that is not possible in my current situation.
I am waiting for 350-400 then I am selling off all of my coins. After I deal with a few personal issues I will reinvest. I believe in bitcoin.
When I made the initial investment I paid ~14$ for 100 coins. About a year ago I picked up 10k worth after meeting someone here. My first post on this account was to find someone who could broker that for me a year ago. In the last week I was able to put 10k in. That is all money which I care about. I don't see this as a gamble. I have been watching the bitcoin since it was 2$. I believe in it. I don't care what anyone else has to say really. Id bet my life on it.
I certainly don't value anything 99% of this forum has to say as the majority of people I see here are trolls, or people posting the opposite of what they believe and flat out lying to drive the price one way or another. Everyone, at least in the speculation section, has their own bullshit agenda which they attempt to push here.
Personally, I believe this link explains all of the trolls on these forums:
http://21stcenturywire.com/2014/02/25/snowden-training-guide-for-gchq-nsa-agents-infiltrating-and-disrupting-alternative-media-online/This is a common practice and bitcointalk is the perfect target.
The only reason I post here or even watch is because it is hard to stare at a computer screen for so long doing nothing. This is more a cheap source of ridiculous entertainment along with a place to watch the people who are afraid of the future so they try and slander the coin.
Nice post. Always nice to hear from someone who believes in the idea and tech of bitcoin.
Yes the signal to noise ratio is out of control on here. The use of alt's really is pathetic. Still, despite being sad bastards they are just trying to buy in. Once Bitcoin finally does its thing again I suspect they won't be quite as obnoxious.
Interesting how each tranche buys less and less btc.
951.
Post 10117947 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
permabulls gonna permasell
And permabears gonna permaFUD.
haha, how do you as a perma-bull feel? must feel stupid right now?
Why?
952.
Post 10118234 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
The majority of bulls have made a lot of money
Tell that to the folks who bought in at 400+. Given how high the price went, I would think they would make up a decent percentage of the bulls (especially if they're still holding), no?
Well i was late to the party and i bought most of my coins in march/april 2013. I am still in the green despite buying in 2014. I was massively better off from this particular punt last year but that is life
Whoever is driving the price down week after week knows exactly what they are doing. If it is miners then it is not in their interests to destroy the very commodity they are mining by crashing the price. Miners sell for income. It is exactly the wrong way to sell your coins in that context to dump thousands of coins on exchanges every few days and by doing so reduce the price for your next sale.
My only real concern has been our friends in the central banks. Bitcoin would be the only market they werent directly manipulating if they are not involved already. Could they destroy bitcoin? Dropping the price aggressively would be a great strategy. We already have some features of the gold market rigging in bitcoin - price moving sharply downwards on good news for example. The best way to dissuade new entrants to the market is to keep the price incredibly volatile and prevent it from rising.
That said this is probably just a nasty bear market with a few greedy speculators with total control of the market. Eventually it will be more profitable for the price to rise again.
953.
Post 10118309 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
I'll tell you though, I'd be very butthurt if I had listened to permabulls when the price was $900. The incredibly bullish sentiment was terrifying to a rational observer, of which there didn't seem to be many posting around here at that time (probably too afraid of getting harassed by psychobulls on a rampage with their calls for 1 million per coin).
I think you might agree that the sentiment on this forum has changed somewhat in the other direction now. Now it is psycho doomer bear trolls infesting the forum.
954.
Post 10118519 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
It is actually funny looking at the finex chart today. A single 3000 dump to drag the price down 10 dollars.
A quick glance at the order book and I see that a single 3000 buy would take us right back up to 300.
Real life calls. Trolls/alts/doomers you can have the thread back.
955.
Post 10122948 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Look like the avalanche is set to fall..
Still just a pretty pathetic 3000 coins to 300.
956.
Post 10123030 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
PS. I suppose you view those funds as good things. Well, I have a very negative opinion of them: they are trying to sell bitcoins as 'safe fabulous investments' to people who do not understand what bitcoin is, and therefore do not understand the risk.
In fact, I believe that the funds are even riskier than bitcoin itself. See SMBIT suspension of redemptions (withdrawals). Have you read
the "risks" section of the Winkles' filing?
Have you read the GLD prospectus?
957.
Post 10123452 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
This is what you call a frustrated bull. Trying to give the impression that the coin is pumping. We'll meet at 250, you abortion!
Even a cursory glance at the chart shows a complete retracement of the earlier dump on finex and stamp.
958.
Post 10123716 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
<doomer alert>
Let me guess, you are wearing a placard saying, 'the end of the world is nigh (sell bitcoin)'?
959.
Post 10124049 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
<I sold at the top you fools!>
What is rather strange is that you sold right at the top of the last bubble with perfect timing, then didn't bother to register your account until three months later.
Why are you still here?
960.
Post 10124761 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
or instance, if the price would have stayed at 200$ for the first part of 2014, then it would have slowed down mining expansion and that would have meant less cost for the network and less selling pressure. Biggest buyers of coin jumped in too early and only exhausted their resources in paying the overheated and senseless mining network.
Congrats on selling @1061$! But if price was 200$ and less miners switched on because of that how would that mean less selling pressure? Please be more specific
The more people spend on producing coin, the bigger the sum will be that they want back to earn ROI, and the only place that they can draw money is from the market, meaning from the pockets of speculators. So, the speculators have to put more money into the market, then the miners take out, to keep the price rising. The miners can accumulate and wait, but most of them can do it for only as long as they can operate with a loss, by paying their loan, work-hours and electric bills. If the bitcoin network costs a lot to sustain, then someone has to pick up the bill, and the final bill will be payed by the speculators.
Sounds great.
But actually the market sets the price of a bitcoin - not miners. If miners cant mine profitably then they go out of business, regardless of how much money they spent on 'producing coin' and someone else does instead.
Over the longer term the bitcoin network only costs what the market will bear, nothing more.
961.
Post 10124990 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
So what are we guessing the bottom lies? 255? Or do we push higher and retest 300 first?
962.
Post 10125278 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Price going up!
963.
Post 10125580 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Hey guys we have to be negative and bash bitcoin constantly on here. It is a doomer troll bear market, remember?
964.
Post 10126258 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Are we going up or down or just .. sideways
965.
Post 10127528 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Small wall of 700 coins trying to hold 270 on finex.
966.
Post 10127603 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Assuming that the mining hardware is paid off and have no added overhead than we are at a point that many miners will decide as to the usefulness of continued operations. .
Thank you.
So should we expect more bear market until the unprofitable miners are out and the leaner big players are all that remains? Then the next pump?
Edit: growing walls on both sides on finex.
967.
Post 10127842 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
It would just take one market buy on finex and the orderbooks looks stacked heavily in the favour of the bulls.
968.
Post 10131141 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
969.
Post 10131872 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Bam, and a new low on Houbi and OKCoin.
Anyone brave enough to fill their boots right now?
I did the impossible and sold a third of my stash at 270 this morning.
I was almost certain that would mark the bottom but I see the selling continues.
Now the question is when to buy back?
970.
Post 10132187 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
I think we go lower shortly.
How low do we go
971.
Post 10132224 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Did you say capitulation?
Someone is buying every coin sold!
972.
Post 10132308 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Someone is buying every coin sold!
Yeah. So? It just means that "Someone" are stupid and will panic sell when we go sub 200 soon.
Keep hoping for your ten dollar coins you clown.
The world is ending but we are still above 250.
973.
Post 10132731 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Here we go.
974.
Post 10132781 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Huobi still well off lows
975.
Post 10132805 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
The world is ending but we are still above 250.
Were
976.
Post 10132884 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.46h):
Huge volume titanic fight for 250
Huobi doing fuckall. Faaaake.
977.
Post 10135237 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
despair?
978.
Post 10135667 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Nothing drops forever. Every coin sold has been bought by someone.
If this is miners dumping (which clearly it isn't unless it is an active attempt to bankrupt their competition) then they know there is a limit to what bitcoin can endure without being irreparably damaged. Some people may cite 2011 and say, "look it recovered from 2 dollars", but there were less than 10,000 users at that stage. Bitcoin is now in the public eye, discussed openly in the MSM and adoption plus half a billion dollars of VC money ride on bitcoin having a market cap large enough to be useful as an internet currency in the next year.
I personally am not convinced this decline has had anything whatsoever to do with what is fairly minor monetary inflation. It is just speculators trading and shorting the price down. I am cool with short selling in general but in this case I think the fact whales can actively profit with just the price falling means there is less incentive to accumulate coins and profit by selling high later. It is conceivable for a large hedge fund (in fiat only) to be gaming the price with no interest in acquiring coins, instead simply manipulating the price for profit. Whilst bitcoin remains unregulated this could continue ad infinitum. In the real world where demand for a commodity per day is N, a hedge fund short selling 400xN over a few minutes is deemed manipulation. Regulated US exchanges are needed badly.
In the end though, a floor will be found through which traders 'shall not pass'. The question is whether this floor is so low as to effectively destroy the bitcoin economy and permanently damage the experiment. That would be the best outcome for, say, an organisation with a money printer and a dislike of a superior form of money gaining ground, right? Especially as the central banks have been so happy to embrace bitcoin in public; bitcoin would be the only market they aren't currently manipulating if alternative media is to be believed.
Looking through reddit there are a number of despair "i'm out" posts. Hopefully we get a high volume reversal soon, bitcoin is certainly massively oversold technically.
979.
Post 10135737 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
This relentless downward spiral sucks but we HODL.
Nothing else we can do.
I'd rather lose everything than sell now at a loss.
Damn straight
Spoken like a true poker player on tilt
Have you seen me on seals or getlucky?
My best game is heads up NL.
Earlier today I won 11 BTC heads up to pay off some debt I owed.
Honestly with the price the way it is I am really debating playing 75 of my BTC.
The idea would be to raise that to 100 BTC. It would make me completely fine with the drop and cashing out those coins as that would be the same as if the price was $325 right now.
Downside of coarse if I loose it is a lot of money.
I am trying to evaluate right now if it is worth it or not.
In other words. The risk of keeping my money in btc and it going down more then it not rebounding to at least 300$.
Or the risk of playing a heads up NL match to increase my BTC to it as the same amount of money as if the coin was at 300$
At least with the second option I have control over what happens.
Tough decision.
Edit: SamedamnBTC, ___ActioNNN is that you?
My gentle advice would be not to gamble with your savings.
Edit: new lows...
980.
Post 10135811 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
BFXdata shows long interest down to 17,900,000 and shorts still above 20,000. Long interest getting whittled away suddenly.
Invisible wall on finex?
981.
Post 10135876 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
There's something fishy happening on BFX, bids are slightly higher than asks, maybe it's a bot that tries to hold the price up?
Finex circuit breaker!
982.
Post 10135885 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Is this where Wallstreet gets in? I've heard they are dying to get in for a year now. Just ask Inca.
So this must be it right?
Together with secret big money they will gobble up all these cheap coins after the weak hands are shaken out.
Yes that is exactly what is happening. Read my post above to understand more.
983.
Post 10135982 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Am I the only one worried about a flash crash here?
984.
Post 10136015 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Am I the only one worried about a flash crash here?
Worried? How can it get flashier than this?
I mean down through the orderbook..
Edit: should have moved all my coins out of storage..oh well
985.
Post 10136163 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
...should have moved all my coins out of storage..oh well
my favourite bitcoiner sentence
don't use exchange, cold storage your coins, forget about it during 2 years and come back
Don't worry the majority are safely locked away forever.
Tzupy, let me know when you buy
986.
Post 10136318 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Long and short interest dropping..
Volume high.
Selling ends soon?
987.
Post 10136583 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Need a snooze. Should I place a limit order or buy in now?
Edit: trolls everywhere gone silent. Whaddayaknow?
988.
Post 10137939 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Waiting for the next dump.
I am off to sleep with a limit order just under 200. Expect 201 then a sharp bounce or just a sharp bounce up from here.
989.
Post 10137974 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Waiting for the next dump.
I am off to sleep with a limit order just under 200. Expect 201 then a sharp bounce or just a sharp bounce up from here.
You need cheap coins. You bought a lot above 600$.
Incorrect. I bought a sad few at 680. Luckily I bought a shedload in march/april 2013. Still hurts though
990.
Post 10140318 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
So we either bounce now or dive lower I suppose!
991.
Post 10140359 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Thanks.
Long interest down to 17.1 million. Short interest still at 19k. Interesting few days ahead.
992.
Post 10140396 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
...
Long interest down to 17.1 million. Short interest still at 19k. Interesting few days ahead.
To be precise, short dropped to 18k from 24k, and now grew to 19.5k.
well quote the 200,000 dollar rise in longs then!
993.
Post 10140462 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Buy?..or buy?
Stay away for next 3 months.
Is there a doctor in the house?
994.
Post 10140770 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Remember how the price dropped massively ahead of the Bitstamp "hack" announcement?
It seems like we'll be getting a new announcement (but not necessarily from Bitstamp) quite soon ... This is a good time to invest in the popcorn industry.
Good look, cultists. Keep on "buying" all those "cheap coins". (Read: Insanely overpriced coins.)
Ooh tell us the super bearish news exo. Let me guess its a big secret!!11
995.
Post 10143244 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
I think we're back to 320 within 7 days.
After that we'll retest this bottom in a few weeks, but we might not get lower than 250.
When confirmed, it's straight to 1000 half way the year.
After that it's work in progress, could hit 10k at 2016-12-31
I probably have to polish my ball to be more precise.
Someone bought lots of bitcoins!!
996.
Post 10144768 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
Next stop, call it temporary bottom, will be $170 - $180. This targets are based on fib fan analysis. (brought to you by /r/shibedojo)
Ha!
Let's see if we bounce off 200.
997.
Post 10144896 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.47h):
A nice summary for y'all:
-We had 1 year of bear market and we just made new lows, no signs of recovery yet, didn't even bounce much for now.
(never happened before)
-We broke the previous bubble high
(never happened before)
-We broke (and now it's 100% certain) a multi year log support trend line from 2012, pretty much the only sign of a possible long term uptrend left.
(never happened before)
What has happened before is your obvious book talking. Thanks for stating the obvious.
998.
Post 10146105 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
Huobi seems to like being l33t
999.
Post 10146658 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
https://xrptalk.org/topic/5092-some-news-from-china-about-the-bitcoin-price-drop/Firstly，some news maybe are not true，it only flows in the weibo or QQ.（what is weibo or QQ，u can see them as facebook or skype，or log on wikipedia）
1、Chinese famous finance investor Duan Hongbin（端宏斌） said that he has selt out all of his bitcoin by his official weibo and invest all money in chinese a stock and Hongkong stock.
2、Chinese famous finance investor don't issue that he has cleared out his all xrps,From his last xrp holding issue,he can't issue any important topics about his xrps.
3、Some bitcoin investor have submitted the report about Okcoin's illegal future operation to Chinese legal operation depatment.This news flowed from weibo and there are the pictures about the report files.
4、Many people and i suspect that OKCoin and Huobi sell the fake bitcoin in their exchange,their trading volume(about bitcoin future) and real trading data is not corresponding
5、Many Chinese big V（investor holding many coin or cash）have transfer their eyes onto the a stock or Hongkong stock，especially when the Shanghai-Hongkong Stock Connecting started.And recently Chinese a stock trading volume have surpass the American sum stock trading volume and first reach1000bil CNY.So many money has flowed into the Chinese A stock.
6、Some weibo said that some professional bitcoin investor teams are all short-selling and accumulate the single investors into the investing QQ group.It is like illegal money accumulation.
At last: i also want to say WTF Chinese for those bad guys
Some clarification:
https://xrptalk.org/topic/5092-some-news-from-china-about-the-bitcoin-price-drop/?p=61839enrique11, on 13 Jan 2015 - 9:41 PM, said:
That's the interesting part that I don't understand. What is going on with xrp in all this. From stephanlau's 2 point above it doesn't sound good:
"2、Chinese famous finance investor don't issue that he has cleared out his all xrps,From his last xrp holding issue,he can't issue any important topics about his xrps."
This is he weibo
http://weibo.com/cha...eibo_s&nick=薛蛮子 He didn't say : clear xrp
Will you take the ripple clap trap to a ripple forum please. We are concentrating on buying all the bitcoins here thanks.
1000.
Post 10147581 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
Well my order at 199 hit.
Chinese exchanges are fake as shit.
We better see buying now or cya btc
1001.
Post 10147727 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
Huobi volume is a complete lie lol.
1002.
Post 10147748 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
Virtually no coins left on ask side on finex...up we go in 3,2,1
1003.
Post 10147808 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
Small rebound, but this isn't over yet.
Of course it is..the order books are empty you plonker.
1004.
Post 10148247 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
Still 23,000 coins to be bought on finex
We will bounce!
1005.
Post 10149538 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
Right. Stash increased by 20%. Thank you bears. First bit of trading I have done for a while.
If lambtroll could tell us his predictions going forward that would be great. Need to know if he is just a broken record or not.
1006.
Post 10149983 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
I think there is no rally at all, just an another dead cat bounce.
You know Isaac Newton went Flat Broke Chasing a stock bubble.
Bitcoin is not a stock.
It's was a bubble though
Sure. But here we are still at 200$. I'll take that.
I think the reason the pattern has altered this time is the addition of leveraged buying and selling, which I feel has magnified the moves and allowed a greater degree of 'manipulation' of the price than simple buying and selling previously. Previously the only option to make money was to accumulate on weakness and sell into strength.
1007.
Post 10150016 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
what the fuck has happend?
Best thing this year.
Lots of bulltards lost a lot of money.
Always funny to see people get fucked up meddling in things they have no clue.
Hopefully some jump off a bridge. Natural selection.
Well you are quite the nasty piece of work aren't you. Hoping people who did exactly the same as early adopters just a few months later commit suicide because they lost money.
Fuck off.
1008.
Post 10150110 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
You guys really think that was the bottom?
I really think there will be more
Short interest still at 21,800 according to bfxdata. Longs down to 16 million which is the lowest it has been since prior to the failed launch attempt earlier in 2014.
I am sure we will have some price volatility whilst there are so few coins available. It would be very easy to move the price upwards a LOT now. Doesn't mean it will happen though.
1009.
Post 10150136 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
Bounce is inminent. And not a normal bounce, a huge bounce.
Up or down?
BTW anyone else suspecting the Chinese exchanges to be almost completely fake? There was just dump, flatline, dump, flatline. The volume was also completely ludicrous.
1010.
Post 10150334 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
So we bounced up to 220. Do we retest 185 and bounce around or back down and touch the 166 again?
1011.
Post 10150384 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
Has anyone ever considered it may be the very people that print the dollars that dump bitcoin?
Yes. It is a distinct possibility one of our money printing friends is adding chaos to the market. But it is more likely a thief cashing out, or some collusion between miners or just good old fashioned speculation.
Cash should reach exchanges by tomorrow, follow through selling should happen sooner. Then we see where things go IMO.
1012.
Post 10154561 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
I occasionally hear that marginal trading and leveraged is bad for Bitcoin, can someone explain ? I don't know about trading stuff, just a hodler.
not sure why it is bad in general, but its probaly one of the reasons for great votality.
leverage + weak liquidity = high votality
It works both ways as we will discover this year. What has gone down will come back up again!
1013.
Post 10154727 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
Longs down to 15.4 mill. Shorts still at 23,000!
It is getting mighty cheap to move the market around. Some people have made an absolute fortune by crashing the market like this. Retail is still shorting the shit out of bitcoin.
1014.
Post 10154859 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
Adam, time to change the poll, "<250 within 24hours" is pointless now.
Thoughts going forward Tzupy?
1015.
Post 10155580 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
The 'bottom' does not looking too bottom'y to me. I guessed ~120$ when we were @220$ and its still looks like a pretty decent guess now.
Er on what basis, other than you want to buy in lower and missed the bottom thus far?
Edit: no real arb from huobi, fuck these empty Chinese exchanges..
1016.
Post 10157746 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.48h):
So many butthurt permabulls, LOL. The fundamentals point towards lower equilibrium price.
No demand for coins beyond the necessary market cap for commerce. Too much supply.
Idiot. 99% of the price is speculative not medium of exchange.
1017.
Post 10158345 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Who is still shorting???
And finex didn't even fall much...
USD 0.0243% 0.0662% 14,105,693.21 USD
BTC 0.0494% 0.0444% 26,954.87 BTC
Shorts new ATH. Longs at the lowest level since May.
There arn't that many shorting
Someone is taking out BTC credit swaps to raise the price for the few people who are shorting. to remove liquidity.
They did it with LTC coin too, you can look here and see
http://www.bfxdata.com/Where is written how many btc swaps is atualy shorted?
Swaps have the same timing as the price movement...
You cant tell, only infer it.
1018.
Post 10158389 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
They prolly started with much less, but have easily doubled up or more during every raid making them ~16X more powerful than when they started- 32X if you count this last one. These are technically skilled traders to begin with who would be profitable traders even if they weren't market movers and market makers. When you have skill to begin with, it takes much less ammo to push the market in the direction it wants to go anyway. Even I could walk it up and walk it back on a slow day with very low volume and--as has been pointed out several times--am just a hick fireman.
Surely they don't risk all of their capital every time. One miscalculation or piece of bad luck and you get wiped out.
They don't have to risk all of it because they are so powerful, they only risk what they need to risk. They were going to push the market down until there was a long squeeze. I have no idea how much of their capital it took but surely not all of it. The problem is there has been no real bounce yet like the other four raids.
This is new. They may have been too successful in accumulating coins and now they have (like me ironically) too many coins that aren't worth anything. Yes, we can leverage them up to push the market higher, but not sustainably without a fresh infusion of fiat.
This may be an unrecoverable stall without Big Money coming to the rescue and who knows how long we're going to bleed before the vultures come in and pick over our carcasses. I am not selling, but I have to prepare for an indefinite period without additional income.
This doesn't sound promising at all
Killing your trading environment isn't a great long term profit motive. Especially when you run the risk of irreperably damaging your main holding asset in the process.
This has obviously been orchestrated. The trolls are just useful idiots.
The single question remaining is where is the bottom?
1019.
Post 10158585 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Up or down??
1020.
Post 10159206 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Too early to call reversal. Probably just short covering
Shorts rose to 26k, not covering yet.
When I see the data regarding shorts, I see the past 1 hr and the past 24 hrs - is there anywhere that shows that overall short vs long leverage positions?
Bfxdata.
1021.
Post 10159536 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Hmm. Longs down to 14million, shorts at ATH 26,500 after a capitulation extraordinary high volume low. Looks like we should bounce a fair way back up.
1022.
Post 10159719 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Still not buying it...
You never will..
1023.
Post 10162022 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
what if it's a giant bulltrap before the final collapse ?
Perhaps you missed the 85% drop from the last ATH, or the intervening 13 month bear market.
1024.
Post 10162033 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
WHat the h*** has happened to all the bears in this place?
They have gone to bear heaven.
1025.
Post 10162099 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
I'd appreciate more dumps... Sepa coming through today... please dump on my face / chest.
Thx
If we could just wait til the end of the month then i can buy another 15 coins. You know it won't happen.
1026.
Post 10162322 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
<angry>
We have been forced to endure a 13 month bear market on this forum. I personally am very much looking forward to The Great Evaporation later this year when you
sod off find something better to do.
1027.
Post 10162344 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
I bought LTC with the dust left in my finex account yesterday. Do i leave it as a speculative lottery ticket or convert it to btc?
1028.
Post 10162438 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
I bought LTC with the dust left in my finex account yesterday. Do i leave it as a speculative lottery ticket or convert it to btc?
LTC have not even gone true the first halvening yet. Buy BTC of DOGE ( lowest inflation 1500$ usd /day mined )
At the risk of a telling off which is the best 'anony' alt ?
1029.
Post 10162458 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Bitstamp | Total bids: 3230081 USD. Total asks: 8699 BTC. Ratio: 371.29663 USD/BTC
I tended to keep an eye on the cost of going to $800 on BitStamp over the past year. It was usually around $9 million, went up to $10 million at one point, was around $7-$8 million for most of December.
Now it is at just under $3 million to $800.
I suppose it could just be that many people who had their asks before just haven't gotten around to putting them back up, or they moved their coins out maybe putting them on another exchange.
Either way, it is quite a large drop.
At the same time shorts at ATH on finex, whilst long interest at the lowest levels (14 million) since march 2014.
Looking at volume on finex and stamp it is clear we have had a massive volume capitulation.
I am buying heavily over the next month.
1030.
Post 10162899 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Bitstamp | Total bids: 3230081 USD. Total asks: 8699 BTC. Ratio: 371.29663 USD/BTC
This doesn't mean anything, you are overlooking it... a correction to $250 is possible maybe followed with some stability for few days then the downtrend will continue till we hit the bottom (double digits, lower double digits)
Blah blah.
Horse, bolted etc.
1031.
Post 10163042 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Bitstamp | Total bids: 3230081 USD. Total asks: 8699 BTC. Ratio: 371.29663 USD/BTC
This doesn't mean anything, you are overlooking it... a correction to $250 is possible maybe followed with some stability for few days then the downtrend will continue till we hit the bottom (double digits, lower double digits)
Sure, I smell another drop coming, but I'm not sure if lower double digits is where it will end. There would be major capitulation at sub $150. Not sure if there would be enough people willing to sell at sub $100 to drive it that far.
I love bears. We just had a massive calamitous decline with a huge volume reversal, after a never ending 13 month bear market. When the market finally turns up they predict doom. As i said yesterday we will see who are just trolls/useful idiots to the whales controlling the market and who actually follow the trend.
1032.
Post 10163276 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
I love bears. We just had a massive calamitous decline with a huge volume reversal, after a never ending 13 month bear market. When the market finally turns up they predict doom. As i said yesterday we will see who are just trolls/useful idiots to the whales controlling the market and who actually follow the trend.
No offense, but you are a troll. You bought lots of bitcoins above 500$ (if your posts are correctly, but I think you were full of shit and had no money), and are still in the red by a lot.
Bears selling between 1000 and 800$ and rebought @ below 200$ have tripple or quadrupled their BTC holdings.
Who is now the bagholder/idiot/bulltard?
I believe in bitcoin investment (not in bitcoin itself) as a tool to gain lovely fiat. Just do not be afraid to trade or you get fucked up by BUY and HOLD or SODL low and buy high.
Ha!
1033.
Post 10165289 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Now would be a good time for a Loaded smiley.
1034.
Post 10165349 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Yawn
Bears are getting boring
All talk and no selling
I have to apologize.
I sold in 2013.
Yet you are back. Have you exerted buy pressure yet?
1035.
Post 10165493 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
PANIC
Good luck panicking through the 5k coins above 200.
1036.
Post 10165527 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
PANIC
Good luck panicking through the 5k coins above 200.
*cough* Fake walls. They will crumble after the first big selloff.
Are the smaller Ask walls fake, too?
1037.
Post 10165722 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
BTW:
Did you read, what I was writing about the troll tags?
It is probably still true. Too much idiots here.
This is amusing to read since you confirmed moments ago that you have been trolling this forum for a year using the alt Richard Branson.
1038.
Post 10165786 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
BTW:
Did you read, what I was writing about the troll tags?
It is probably still true. Too much idiots here.
This is amusing to read since you confirmed moments ago that you have been trolling this forum for a year using the alt Richard Branson.
You never say ?
You must be a genius. Give me your BTC address. I will send you 0.001BTC to DOUBLE! your wealth. I am very generous.
Having reviewed your trading history it seems you couldn't get very close to doubling my bitcoin stash even if you gave me everything - and i'm a minnow.
1039.
Post 10165832 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Having reviewed your trading history it seems you couldn't get very close to doubling my bitcoin stash even if you gave me everything - and i'm a minnow.
Oh really
Then you have more insight to my investments then myself. Probably you are my broker? Is this you Henry?
Well unless you made up your trading history (which is very possible) then yes. I am not including your house/car/stocks/bonds. Bitcoin is play money after all.
Edit:
Anyone have a theory for why short interest BTC swaps remain at the ATH?
Is someone restricting supply for shorting by buying it up? Or just retail who will close if we go up higher? Seems pretty stubborn.
1040.
Post 10166047 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.
Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.
1041.
Post 10166612 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.
Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.
Its difficult to say because this one today isn't complete.
*edit
I might be going blind, but am I the only person seeing the volume spike to 100,000 this time with peak volume at 20,000 in October?
1042.
Post 10166663 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
Interesting how short swaps continue to rise up to 26000 now. Either the hammer comes down again or shorts will burn.
It is common knowledge that big miners have VC funding of millions of dollars. I don't think they are going broke any time soon.
1043.
Post 10169259 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.49h):
The Homeland Security agents theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Roads lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
What the hell do they mean by "leverage that price and raise it"?
Can anyone here come up with a scenario how keeping gox money at silk road could have raised the price?
Well he knew how to do perfect trades (and he had tons of btc - probably more than 200k), he was the CEO after all. So he was in complete control of the price for years. Why do you think we have been going down for more than a year after gox collapsed? Because Mark is gone. That is the main reason.
Jesus. Sometimes I actually think you lot believe this crap. Gox has been gone for months. It was what 10% of trading volume in the November 2013 bubble? The price has been supported by demand since. It is no coincidence the chart shows a typical bubble and deflation. The only question was how low would we go. Leverage took us lower than many expected.
1044.
Post 10173629 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
Up we go..FOMO comes when 250?
1045.
Post 10173983 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
1046.
Post 10175063 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
Inb4 Karpeles is Satoshi.
Bitcoin would go to 1 cent if this was true.
Everything makes sense now.
Karpeles made Bitcoin so he could launder his money through a online drug site. The site would grow popular due to its ability to not need a middle man, this would appeal to drug dealers, Karpeles target market. Next his site gets busted. He hires a frontman (Ross) to take the blame so he can work on plan B: Attack of the Willy bot. Using funds from SR and user
deposits he pumped BTC to 1200. Then he will cash out his funds and use that to deepen the rabbit whole. He would tip off newsweek to get crazy jorno's after Dorian Nakamoto while Karpeles Sataoshi escapes. He would play dumb so no one would expect him. He was an idiot fat kid, no one would suspect he was the master mind behind one of the most disruptive technologies ever.
Yeah...
All that matters today is 200 holding
1047.
Post 10175109 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
Yeah...
All that matters today is 200 holding
without great news? No way.
Why?
1048.
Post 10177999 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
Look at yourself, you've been swimming in this delusion for almost a year now, telling everyone it is a good time to buy and how you feel this is maybe the launch and about how your guts feel it...BTW, did you pray today so your lord can save you from your ignorance ?
Oh sod off you miserable twit.
You add literally nothing but a negative attitude to this forum.
1049.
Post 10178093 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
I've not been watching today, but I would imagine that without the invisible hand dumping things down the market will change now.
1050.
Post 10180279 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
yeah let this speculative sh*t drop until mass adoption and solid services are confirmed.
Will probably be replaced by something better very soon anyway. Many big guns alts waiting in the dark, each ten times better than bitcoin.
Finally done the needful. Welcome to ignore.
1051.
Post 10181084 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
I personally picked up a lot of coins at the bottom and sold them again at 210-230. All that money now is going into silver and gold, just like the last few months. I'm already seeing crazy profits there.
Only a few delusional bulls are still buying coins because they think we will go up again. Poor guys.
So you have sold and now want the price to drop.
Delete your account if bitcoin is over.
1052.
Post 10185254 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
USD interest for swaps fallen dramatically. Cost for btc still 0.04 and shorts still over 23k.
No interest in selling the price lower so far.
My prediction is that the small bears try to stab the price down lower then find a lack of follow through selling.
Everyone who was going to sell apart from the handful of traders on here did long ago.
We have a few months of gradual recovery interspersed with surges upwards.
1053.
Post 10185329 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
"Blah blah blah traders are idiots because i have no idea how to make money in this any market" - ShroomsKit - every single day in 2014 and 2015
He sold already which is patently obvious. It could be the right move if we dart lower in a weekend dip and he buys back in. He'll probably fuck it up and then moan endlessly.
1054.
Post 10185370 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
A lot of you are short it seems.
Expecting someone else to push the price lower?
1055.
Post 10185486 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
A lot of you are short it seems.
Expecting someone else to push the price lower?
just look at the charts...we don't go up now...we will at least retest...but after that we should go up (again)...hopefully for a longer timeframe and into much higher levels
Could you draw out the future for me and the people unsure of it please?
My original point was it is getting very cheap to borrow money and go long. Selling has stalled and shorts remain very high. Sure we can retest the low or even plumb lower but the point where everyone realises (or is squeezed into undertanding) the bottom is in is not far off. It is probably in already.
But this is a weekend and it's bitcoin.. so
1056.
Post 10185746 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
A lot of you are short it seems.
Expecting someone else to push the price lower?
just look at the charts...we don't go up now...we will at least retest...but after that we should go up (again)...hopefully for a longer timeframe and into much higher levels
Could you draw out the future for me and the people unsure of it please?
i don't know the future...but at the present we will not go up significantly...(maybe we go up a few dollars, to maximise profits for some)...
i guess most of us didn't expect to go down to 200 again (explanation for the absence of the beartrolls yesterday)
but the breakout failed and here we are again (with a little help from an attentionwhore on twitter - please delete his name if you quoted him somewhere)...
if you have bought bitcoin keep them (as i will) i will try to buy more when we go lower (but as i said i don't know if we just retest or go even lower)...if you want to take a risk you can short...but going (margin) long NOW will just make you more nervous
You say you don't know the future, then tell me we wont go up and will go down
1057.
Post 10188403 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
no? where do you have this from?
"1 BTC purchase may require a paychan of value 0.5 BTC and a paychan of 0.8 BTC, used together."
I'm a 3rd year Mech Eng student, and even this shit is double dutch to me.
Can somebody give me a simplified version of how this will work for the consumer?
Read the spec?
http://impulse.is/impulse.pdf
1058.
Post 10191641 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
Popped back in for a quick look. USD borrowing costs at all time low and long interest has collapsed to 15 million dollars US. Shorts just under 25k - sky high in BTC terms. Selling tame by BTC standards and a few walls on finex trying to box the price in.
Wouldn't be surprised to see us at 160 or 230 tomorrow. But I will just hold now. Price remains in a great zone for aggressive accumulation here in my view. Timing the absolute bottom is difficult. If BTC isn't doomed then buying coins for these cheap prices is low risk.
Things are looking ever more ripe for a short squeeze. But as ever the thin market is at the whims of those with strong liquidity to boss it around.
1059.
Post 10194821 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
Still think it's fake move.
well, sell then.
I love it! A few of you wrongfooted and it is fake. Whereas huge manipulative dumps are 'the trend'. Ha.
1060.
Post 10195077 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
Don't you see trends?
Bitcoin is play money for me. I see trends but I also see the very heavy handed manipulation of the price (down in recent months). I suspect when the price rises in earnest I will see the same going upwards. Let's be honest the price is set in general by whales trading thousands of coins.
The majority on here are just momentum chasing until the margin call.
1061.
Post 10195304 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
Bear cultists about to go hide in their caves.
Bear/bull cultist - all are the same... they never know when is enough.
Hopefully we get a few dollars higher before lambtroll wakes
1062.
Post 10195335 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
Bear cultists about to go hide in their caves.
Bear/bull cultist - all are the same... they never know when is enough.
Hopefully we get a few dollars higher before lambtroll wakes
lambtroll sets price alarms, he knows whats happening
Ducked back into his cave with his finger hovering over the buy button.
1063.
Post 10195445 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
What price when we get some short squeezing? Only 150 closed so far.
1064.
Post 10195718 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
What price when we get some short squeezing? Only 150 closed so far.
More than 1k shorts already closed in last 4h
I think 235$ is the mark when the losses are going to get to high. For real short squeeze we need 260$ or more.
Anyone looking at that volume on finex? Crazy!
1w volume in finex and stamp should indicate that we sow the bottom.
Was the volume on the last low not enough to indicate a bottom to you?
Nothing will indicate a bottom before the next ATH..
1065.
Post 10196030 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
So I click on the link, fully expecting to be RickRolled, and see "South Park--Kill Yourself."
Do you remember what that episode was about, elasticband? Yeah, gullible idiots being conned into buying useless, worthless shit by some huckster.
Doesn't sound like Bitcoin at all
Enjoy your bag of
dicks bolo ties, elasticband.
OOH, YOU SO CLEVA!
i saw it more as annoying and useless hecklers were taking advantage of the fragile and weak minded.... a bit like forum trolls.
His absence until the price has stopped rising..guaranteed.
1066.
Post 10196392 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
This user is currently ignored spamming the thread with great vigour. Fear rising with the price. Imagine how shrill they will get if we never retest 160 lol.
1067.
Post 10196512 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
Let's see
1068.
Post 10196560 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
i think we will retest 220 soon
Finex walls being drawn up slightly
1069.
Post 10196842 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.50h):
Is there some fiattalk.org forum? Where we can go make fun of the bulltards, because their precious dollar lost 98% of value since 1913...
And yet the dollar has been one of the best currencies in the world all through that time, much better at the job than bitcoin has been so far.
So perhaps a "deflationary currency" (which actually has 10%/year inflation rate) was not such a good idea after all?
PS. By the way, I wonder why you so obsessed with my person that you even changed your signature in my honor. Are you Brazilian, perchance? Were you my student? Did I flunk you in CS 101 or something?
You don't even try any more stolfi.
Bitcoin has gained enormously in 6 years. The dollar has lost most of its value since 1971 and virtually all its value since 1913.
No one is calling bitcoin deflationary except you. It has exponentially falling inflation as coins are distributed.
Come on bears try harder!
1070.
Post 10199505 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
We need a forum only accessible by proof-of-ownership(btc)... too get rid of these dumb trolls.
Fantastic idea.
Now that is a very interesting idea. But actually all that is needed is a consensus ignore/ban facility and newbie jail or an invite only system.
1071.
Post 10200999 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Does someone know something the trolls don't? !)
1072.
Post 10208886 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Support on finex looks good...Not sure how much of it is real, but 11.5k to 190 isn't to shabby
Short swaps dropped slightly to just over 22,000. Still high. Long interest remain low at just 14.9million USD.
If the bears cannot push the price down over the next few days then things get interesting. Hopefully we stay near 200 until the salary arrives.
1073.
Post 10209221 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.
I won't be too sure based on just 2-3 days work. Any Bear can dump the hell out of support any time they want to.
I hardly see buying support that strong.
But it's expensive to do so. And if he's the only one dumping, he'll lose money.
And there are still 22,000 coins held short that need to be bought back on finex. Look at the orderbook and see how far up the price that takes you. (And yes it isn't quite that simple but..)
1074.
Post 10210397 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Pump this bitch.
Give her all you've got.
aaaand it's gone.
First sell into a spike doesn't mean anything. This is the third time we push up against 220. Not over yet.
1075.
Post 10210474 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Why do loads of you guys want the price to stay low?
I'll never understand it.
It is fairly simple. The majority of bears on this forum fall into several categories (in no particular order):
1) sold and want to buy back lower and increase stash (reasonable gamble in a bear market)
2) sold lower and now the price has moved up against them (screeching about 50$ coins, it's going to double digits!, praying for price drops)
3) short from above this price (in the money, vocal because the market isn't dropping further as expected)
4) short from below this price (ho ho ho, thought it would go to zero because 'line on a chart')
5) troll (see NLC, or the alts.)
6) permabear (Edward50, Nagle - thought bitcoins were overpriced at 2$, now desperate for bitcoin to fail to validate their enormous life mistake)
1076.
Post 10215511 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Looks like some people tried to jump-start a rise, but the selling pressure was higher then predicted and they just gave up.
There is very little interest to buy over 200$. Everyone are just hoping that a miracle will save them all, until the price begins to drop again.
Or to sell below 200..
Keep dreaming..
1077.
Post 10216820 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
That'll be those new shorts on finex then..
No follow-through yet.
1078.
Post 10217022 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Need another bear whale to push this lower. Come on retail, you can do it!
1079.
Post 10217061 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Looking at the order books, i'm not convinced we're moving anywhere (significantly...)
If the price hangs on then the next spike up will likely breach the 230 level and set the cat upon the pigeons.
1080.
Post 10217259 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Yep, bitcoin is dead
Coinbase has raised $75m as part of a Series C funding round backed by a host of impressive first-time bitcoin investors including the New York Stock Exchange (NYSE), Fortune 500 financial services group USAA, Spanish megabank BBVA and Japanese telcom giant DoCoMo.Ssh. Keep it quiet until I can buy another 15 coins next week.
1081.
Post 10217444 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
It wouldn't be a great surprise if the whole move down from ~400 was an orchestrated buy up of bitcoins prior to the ETF going live, would it?
1082.
Post 10217494 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
It wouldn't be a great surprise if the whole move down from ~400 was an orchestrated buy up of bitcoins prior to the ETF going live, would it?
i thought they already has a lot of bitcoin for the etf ?
Not the winklevii. If/when the ETF goes live it will almost inevitably draw in lots of investment capital into the space. All the winklevii coins are only valued 20 million USD now. It is likely that prior to such an announcement there will be buying up on coins en masse by those in the know. A great way to do this is to smash the price first.
This could all just be the market waking up to how oversold btc is - 75,000,000 USD in Coinbase from investors including banks shows where this market is going over the next few years - imagine if that capital hit the exchanges.
1083.
Post 10219067 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
AFAIK, Coinbase does not invest in bitcoin either. Their profit does not depend on the price of bitcoin, but on how much USD they process.
I would guess (just guess) that they are valued so much because they plan to become a competitor to PayPal (including dollar-to-dollar payments rather than just bitcoin-to-dollar like BitPay).
Certainly not because bitcoin is undervalued jorge! You are hilarious.
1084.
Post 10219120 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad
I fear sadness abounds..
1085.
Post 10219156 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Chamath Palihapitiya @chamath 25s25 seconds ago
At $400M post, @coinbase valuation is almost 15% of entire BTC market cap. Top 20 BTC co's market cap > entire BTC market cap.
Not for long
1086.
Post 10219339 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
I mean shit, imagine you had put 50 bucks into BTC every week or 2 weeks from the time it started... I can bet you would be so far ahead right now, not bad for savings.
Savings you can not use, without crashing the price totally.
If you started buying 6 years ago, you had now tens of thousands of bitcoins.
Let's say, you need that "money" for something you can't buy with bitcoin -> you are fucked
Of course you only lost approx 15k $ in total, not very much.
You have heard of selling off exchange, right? Private buyers bought 50,000 coins from the US Marshalls office in the last couple of months..
1087.
Post 10219393 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Translation: Buy or die.
If you put it like that..
1088.
Post 10221733 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
bear traps all the way to 2k!
go short now you greedy little bearpigtroll idiots.
Yes. It will take a few stairsteps higher before they work it out.
1089.
Post 10223290 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Well before I toddle off to bed it is probably worth pointing out the absolutely gigantic walls on finex both above and below the price right now.
One thing is sure, which ever way the price moves it is going to be impressive
1090.
Post 10231410 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
Lots of this user is currently ignored..good sign
1091.
Post 10238684 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.51h):
I'm thinking at least $240 by end of day.
Panic buys @ 236.50 and $243
Poor shorts
Keep posting mean pictures... maybe that will help weaken a global economy
Good Luck everyone
Bears must try harder. Not sure pony pictures or Chinese posters are going to convince anyone to sell here, not after a 75,000,000 coinbase seed round by US bankers!
You need some high quality FUD. I am sure you will come up with something juicy!
1092.
Post 10241936 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
Is that you panic buying little lambie?
Actually he has likely missed the bottom. More amusing he has probably been a useful idiot for some wall street sharks scooping up thousands of coins on the cheap and never got paid himself despite posting >5000 posts and wasting 9 months on here..
Beanie babies!!
1093.
Post 10246098 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
Most of the trolls have disappeared, that's why
Bullish! Although to be honest they probably don't have many dollars to rub together
1094.
Post 10246281 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
What's up with volume on exchanges? They look waay lower to me..btw i think we could break 250 easily by monday, weak hads are gone.
No doubt we will (before my salary enters my bank account!)
1095.
Post 10247805 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
This forum is indeed very pathetic. I assume not many of you here are seasoned traders. This is purely an amateur hour, I left this shyte coin in the dust months ago and went back to equities and forex. This instrument will continue in a downtrend, this behavior is all too familiar. Getting coins at sub 200 was a nice move yes... whoever locked it in god job. At this point I would suggest only profiting from temporary volatility be it in upward or downward momentum. It will never reach its previous point of 800+...As of now it seems to be still moving in a strong downward momentum. It might break out to lets see 260 level then possibly 280 before another drop. People who bought their coins at 400 or 600.. and were 'hodling'. Well, I suggest you get better jobs my friends.
I agree this forum is horrible if you want to get information about the market. You will only get perma Bulls talking to you since January 2014...
Yes this might hit 260 or maybe even 280 with a spike to 300 before the pattern we have for over 1 year repeats. This market it really easy to trade because there're so many emotional noobs trading it. And yes I was one of the noobs here back even before the China pump in December 2013. But I have learned a lot since then about markets.
Yes this thread is awash with permabulls... constant permabull that is all you see here... some of them have sockpuppet after sockpuppet, and seem to spend all day everyday on here just posting and posting.... cannot see the forest for the trees there are so many...
Yes the irony of how inverted his post actually is, is not lost on me.
There will be some angry bitter bears soon.
1096.
Post 10247814 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
Possible, not at all certain that we won't have a leg up, but no longer know what drives this market => can't come up with clean causal relationships => admit to being confused.
Quoted for posterity.
1097.
Post 10247834 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
Guys why are you shouting MOON when we have moved few dollars up?
i am missing the days when MOON and CCMF actually meant something
I get the distinct impression that those days are over.
The proliferation of financial instruments that allow for hedging and short positions have come a long way since the days of ZhouTong.
I
expect hope for a brutally incessant march upwards with many retracements and opportunities along the way.
Pack your bags gentlemen!
There are less than 3 million dollars in btc for sale stopping the price from doubling on the ask side on finex..
1098.
Post 10247845 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
Bears are scared stiff.
It's in point to break the ATH! what should we do?!
Trolls - silent since the 75 million invested by US bankers into coinbase.
Most prolific troll bear on here now has no idea which way the market will move..
Sounds like a trend change approacheth..
1099.
Post 10247918 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
Bears are scared stiff.
It's in point to break the ATH! what should we do?!
Trolls - silent since the 75 million invested by US bankers into coinbase.
Most prolific troll bear on here now has no idea which way the market will move..
Sounds like a trend change approacheth..
Quoted for posterity.
Although there are already a few houndreds failed trend reversal predictions from you...
If you mean two (680 and 274) then sure ..
Keep selling
1100.
Post 10248366 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
Now would be a nice time for a loaded smiley.
1101.
Post 10253090 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
It's the poorest moderation to activity ratio I have ever seen on a forum that is serious about a topic.
Quite.
Anyway nice overhead punch while I slept.
Retest soon I am sure as the stair step rises continue. Shorts still at 18,000. Keep shorting guys!
1102.
Post 10254777 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
If the price fails to turn downwards now then the bears are in trouble for another couple of weeks. Expect lots of new spam on all the threads shortly!
NLC/NHJT whoever you are..you love the bid ask sum..just 300 coins to 250 on finex.
1103.
Post 10255187 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
Up we go..
1104.
Post 10255975 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
1105.
Post 10256043 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
So far the best bears can come up with to point to why bitcoin price will go down is that there isnt much in the orderbooks on the bid side, neglecting to point out that there is even less on the ask side of course
1106.
Post 10256325 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
yes.
in the first post I wrote wedge, but it is a bearish pennant. and yes, it is a continuation pattern.
If the price moves up out of the wedge then it isn't!
1107.
Post 10260208 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
Remember Litcoin Huobi countdown timer?
S e l l w h e n e v e r y o n e i s b u y i n g .
Goodbye.
Wasn't it goodbye this morning when you warned us of an imminent crash? The price seems to have risen since then.
1108.
Post 10260243 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
I have remarked several times that what bitcoin needs is regulated US exchanges. I guess they will be coming sooner than I expected. Should stop the Chinese faking the price up and down at will.
1109.
Post 10260249 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
bitfinex: a 8000 btc buy would get the price to 499, a 8000 btc sell would bring the price down to 230
bitstamp: a 5900 btc buy would get the price to 500, a 5900 btc sell would bring the price down to 230
(on the visible orderbook)
Nothatinjusttrollin would have you believe that is somehow bearish!
1110.
Post 10260296 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
I hope you bought in while you had the chance NLC. Your posts seem to have lost the rabid anti-bitcoin edge they displayed previously. I suspect you are one of the cult again
1111.
Post 10260377 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
WHY IS BITCOIN NOT OVER $300 yet?
Because bitcoin is still going down like it always does, Good news like coinbase exchange can only slow the downtrend or create some fake recovers but that's all
like always does? o come on... are you here for 1 month or 2? cause the way i see it was going to DA MOON and they stopped with crashing mtgox....
but when you press a spring ....you know what happens after ...
You are
no different than those guys used to call the moon, you know what end up with them
Look at 11/08 and 01/10 and 13/11, all moon called
One word. Volume.
1112.
Post 10260425 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
<snip>
Try that with finex.
1113.
Post 10260458 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
Shorters still having a go it seems. Up to nearly 20k again on finex. If we really get some upward momentum going there are lots of shorts to burn in a squeeze still. Amazing given we are up hugely in % terms from 160 already.
1114.
Post 10260464 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.52h):
Through out this rise the last couple of days and even with this news the number of shorts on Finex is increasing.
Great minds..or something
1115.
Post 10266303 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
Nobody should sell until the Winklevoss ETF gets approval.
Small profits suck.
I'm not selling until I see a way bigger price than this.
only bagholders are not selling.
Ha! Bagholding since march 2013. Feels good!
1116.
Post 10267027 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
I love how the trolls are out decrying the move up already. It is going to be a great year.
1117.
Post 10267038 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
Here comes the BOOM!!
what, you thought a 28% pump in 24 HRs wouldn't retrace?
They don't think!
1118.
Post 10267831 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
Let's see where we bounce.
Keep posting pictures of a correction after a nearly 100% gain in price in a week NLC. You come across more desperate each time the price jumps up.
1119.
Post 10268001 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
I'm serious guys.
If you don't know what's going on you are simply clueless. This is your chance to understand what a news hype pump&dump is.
Don't waste it bagholding
Do we need to refer you to your thread yesterday where you argue the bitcoin price will drop. It rose from 245 to 315.
Ssh.
1120.
Post 10270780 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
really the truth of the matter is anything under $300 is still a great buy.
Exactly.
I don't think you are factoring in the Four Punch Raiders. These guys make the order book their bitch. The bear market likely isn't over until after the next short squeeze and then later a failed attempt at a long squeeze. If $266 holds on the retest two months or so from now. Since apparently I am the only one who knows both what they are doing and how to stop it (and is willing to do so), that long squeeze will likely not fail. I don't have nearly the funds to do it on my own and all my "allies" will be much weaker after this next round trip.
Four punch what?
Billyjoeallen thinks he is the only person to have noticed the market has been bossed about by a few large players for the last few months.
1121.
Post 10270796 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
...
Bitcoin logic:
Bad news = Sell.
Good news = Sell.
FTFY, because Bitcoin "good news" = pump.
I wonder how soon before you realise the bottom was 160.
1122.
Post 10278031 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
Price just move up 6%
What are you talking about?
Seems self explanatory.
1123.
Post 10278838 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
So , your corrupt politicians did it now , they are to blame...
But what the hell happend in 1826, 1843, 1860, 1894 1932 ?
Oh wait , the politicians , the EU , the lizards ..
And in the 4th century BC ? 454 BC?
You guys have invented bankruptcy and the only times when you did not have a bankruptcy in each century were when you were under ottoman rule .
We also invented Democracy, Medicine, Astronomy, Philosophy...
Democracy? You mean patriarchal homosexual orgies thinly disguised as politics.
Medicine? Invented so you'd have an excuse to fondle & anal probe children.
Astronomy? Just so you could have your homo sextants. Disgusting!
Philosophy? Hahahaha, a fancy word for old pederasts grooming young boys. Platonic indeed
Why can't you stop being lazy perverts, and do some real work? EU is getting tired of your shit.
I think it is time for you to go back on ignore.
1124.
Post 10278856 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
Stop quoting the trolls aaaarghhhhhhhh
Apologies..
1125.
Post 10280641 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
someone dump this already...ive got orders to fill
Quite.
1126.
Post 10281112 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.53h):
The recent "flash-bubble" created by the Coinbase announcement shows that the "West" can lift the price by at least +50 dollars (~250 to ~300) with suitable rumors.
I am assuming that the Chinese did not pay attention to the rumor, as they have not paid attention to other similar news in the past. I am also assuming that the gentler upward trend that started around 2015-01-15 comes from China, not from the "West"
I still don't know what caused the mini-bubble that started on 2014-05-20. If it was created in the West, too, then it would imply that the "West" can pump the price by +200 $/BTC (modulo the possibility that the increment may depend on the starting price level).
You are aware that a single 3.5 million dollar market order on bitfinex takes the price up to 470 dollars. If big money wants the price to rise, it rises, or falls or whatever they want, and for tiny amounts of cash in wall street terms. There is a limit to what can be shorted (available btc for lending) on Western exchanges, but a single motivated individual (say Tim Draper) could at any moment drive up the price and keep it there.
Imagine if the price was pumped to 400 by a big buy and then a 50 million dollar bid support wall appeared on coinbase.
1127.
Post 10292042 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.54h):
Right buying time
1128.
Post 10293476 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.54h):
Hmm it seems my bank is preventing me from buying with circle (UK).
1129.
Post 10293531 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.54h):
According to the poll, people don't expect sub 200 coins in February. For me, that's a good indicator that it will happen. Always stick to what the majority of the people in this topic say, and do the exact opposite as that will actually take place.
That would be more than $30 in roughly 40 hours or so. That would be quite a drop.
But it doesn't seem impossible.
They have to dump a lot more coins to push us below 200.
This price action is disappointing. Let's see if we are in mega bear trap territory or not.
Oh and to the trolls saying I told you so, did you predict the price would be 315 last week? Of course not. In the same way you have no idea where we will next week. Useful idiots are still idiots.
1130.
Post 10293873 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.54h):
It wasn't selling for best price (slow dribble). It was selling to move the price (rapid dumps).
No worries, I bought coins at 180 during the last dip. Bulls are buying at these levels - check the volume.
1131.
Post 10293922 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.54h):
It wasn't selling for best price (slow dribble). It was selling to move the price (rapid dumps).
No worries, I bought coins at 180 during the last dip. Bulls are buying at these levels - check the volume.
Gonna bookmark this one again for comic relief, as I did with some of your earlier comments. I wonder whether you will sell at 180 when we reach that point. I wonder.
You seem to think you know the future. Cute.
1132.
Post 10294050 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.54h):
It wasn't selling for best price (slow dribble). It was selling to move the price (rapid dumps).
No worries, I bought coins at 180 during the last dip. Bulls are buying at these levels - check the volume.
Gonna bookmark this one again for comic relief, as I did with some of your earlier comments. I wonder whether you will sell at 180 when we reach that point. I wonder.
You seem to think you know the future. Cute.
Don't be such a hypocrite Inca: so do you. You only predict one direction for Bitcoin: up, to the moon that is. I haven't seen you even suggest the opposite, so please get off your high horse. You're just a permabull that spams these boards with your own propaganda. A type of lambchop, but then without any sense of humor.
I put it off but there you toddle off into my growing ignore bin.
1133.
Post 10297287 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.54h):
Everything is going well....
Expect to see these kinda articles more and more,. Blockchain tech is the prize, the Bitscam brand is irrelevant...a blip on the screen that nobody remembers in 20 yrs.
Yet here you are..
1134.
Post 10322231 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.55h):
Shorts up to over 15k on bfxdata.
Juicy bid side on finex.
Fireworks soon.
1135.
Post 10322239 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.55h):
http://podcast.runtogold.com/2015/01/btck-128-2015-01-24/Starting @ 7:00, this is Tony Gallippi of BitPay... The whole podcast is worth a listen, but this part stands out:
(quote author=Tony Gallippi)
We manage a treasury of bitcoins, dollars, euros, Canadian [dollars], and pounds. Constantly we're managing our portfolio to make sure we have enough of each currency, so we are always in the markets trading... It's interesting today in the markets, I would say a year ago, or maybe a year and a half ago, the markets did not have enough liquidity. We couldn't have sold a million dollars worth of Bitcoin in a day without dramatically moving the markets. But things have changed. There's a lot more participants now. We can move a million dollars a day and you wouldn't even notice that we're trading just because there's a lot more volume and more buyers and sellers in the market.
We also have a lot of hedge funds that want to accumulate Bitcoin positions, so when we have these huge spikes we also have some off-market opportunities to sell those. You'd be surprised at how many Wall Street firms are starting to accumulate Bitcoin positions that aren't talking about Bitcoin yet. There's a lot going on behind the scenes, as well as some private family wealth funds and things like that. But but but bitcoin is doomed. :p
1136.
Post 10324107 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.55h):
Shorts up another 5k to 19,000. Didnt take long for those to pile on. It is going to take a few more skinnings to make people afraid to short btc.
1137.
Post 10327223 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.55h):
And Longs are also dangers, in this case the longs are more dangerous than shorts, by looking at the charts bellow you can see that there are almost $15 M in longs, assuming these longs would be closed at today's price, this would create a selling pressure of 69000 BTC, this would bring the price to......zero, I don't know what bulls are thinking about when going long.
in the other hand shorts are around 20.5K BTC which seems 3 times less than the longs but still dangerous.... with the price still going down there is a big possibility of longs squeezing then the other possibility .
Longs
Shorts
It helps to put a year chart up. In that you can see long interest is down 50% whilst short interest is up about 100%.
We may go lower. But 5000 shorts opened up on finex alone in the last 20 dollar drop. A single buy will squeeze us straight back to 240 if they capitulate.
1138.
Post 10338095 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.55h):
Someone post a tumbleweed (and stop quoting the resident troll).
1139.
Post 10345756 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
This is about to drop. The only question is how much.
Wishing the price down again are we?
Price up - 'price about to drop'
Price level - 'price about to drop'
Price fallen - 'price about to drop!!!'
A fun game would be these jokers posting their trades.
Edit: especially a contrarian indicator like NHJT
1140.
Post 10349067 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
It is not my idiosyncrasy to be ironic or sarcastic, but if you bother to un-ignore yourself
and read what you post a second time, you will have to agree that they're utterly monotonic
and dull. I clearly doubt if ANYONE reads you since 99.9% here have you on ignore.
Do you mind altering your methods and try to fit in? This is clearly NOT working for you anymore.
Please don't quote him.
Nice volatility today.
1141.
Post 10350673 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
I really wouldn't dare to say that with such determination. Bitcoin has been therefore and it might fall back there again. I still believe that it will stabilize in the 50-100 dollar range, with my guess being closer to 50 than 100. This year will bring us further valueing of Bitcoin on the basis of its true use, which is extremely limited at this point. Also: the bear market is not reversing for the time being, so it's a safe bet that it will keep going down further.
You seem to have fallen into the trap of thinking that bitcoin was ever valued on 'the basis of it's true use' and we will return to that point.
1142.
Post 10356289 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Or not..
1143.
Post 10359012 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
NY regs out...
1144.
Post 10359125 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Just flew through the regs, they look pretty good. They softened up on the foreign transactions, now it's "due diligence" by the licensee. AML seems to be improved too, requiring the licensee to do it themselves. Not 100% about that one.
Now the year can begin...
Good luck trolls!
1145.
Post 10359263 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Don't quote the troll please.
1146.
Post 10359745 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
So manipulators gonna quickly pump btc before huge dump on next 80k btc auction date news.
Like the last two auctions? Oh wait..
1147.
Post 10359853 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Has anyone else thought that the winklis are opening their "gemini" exchange out of despair because they know that their ETF wonīt be approved?
Which rock have you crawled back out from under all of a sudden?
1148.
Post 10360913 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Yeah I'm sure many prospective buyers can't wait for the chance to increase the value of DPRs coins which now officially belong to the FEDs.
What exactly are you going on about?
1149.
Post 10360985 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Yeah I'm sure many prospective buyers can't wait for the chance to increase the value of DPRs coins which now officially belong to the FEDs.
What exactly are you going on about?
Well the rest of his Bitcoins are bound to be somewhere.
I would buy some shares in microsoft but I won't because it will push up the value of Paul Allen's holdings..
Not really much of an argument.
What the DPR articles do is bring bitcoin into the MSM again for average joe.
1150.
Post 10366834 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Complete absence of panic noted.
You can only sell your ammo once!
1151.
Post 10370120 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Is the price really down a whole 8$ and the bears are going wild?
Meanwhile it is still 10k more coins to break 200 on finex and shorts are over 20k again.
1152.
Post 10370193 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
We get you are short newbie..I wish there would be some follow-through selling for you
BTW..10,500 coins to 200. 7000 to 246! Rape!
1153.
Post 10370228 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
We get you are short newbie..I wish there would be some follow-through selling for you
BTW..10,500 coins to 200. 7000 to 246! Rape!
Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.
I see you are long!
I don't trade with leverage, so no.
Bitcoinwisdom isn't down either..
1154.
Post 10370244 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
We get you are short newbie..I wish there would be some follow-through selling for you
BTW..10,500 coins to 200. 7000 to 246! Rape!
Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.
I see you are long!
I don't trade with leverage, so no.
Magic Beanswisdom isn't down either..
I've tried 2 different computers and I'm getting the price, but it is saying "load fail try again in 5 seconds" where it would normally show the market depth.
Working here in the UK..
I have a buy order at 200.
1155.
Post 10370490 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
We get you are short newbie..I wish there would be some follow-through selling for you
BTW..10,500 coins to 200. 7000 to 246! Rape!
Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.
I see you are long!
I'm long too but I trade on daily candles. Anything below 6h/4h is noise to me. The way I see it we're moving into oversold territory on the oscillators on declining sell volume with narrower candle spreads... the current daily candle has a decent wick pointing downward, indicating that the market absorbed anything in that range... even the 3d candle is turning into a no supply candle, pretty pathetic for bears. I think the markets have simply ground to a halt. Last selloff was meh. Noob/bad trader/gambler shorts have increased to 20k thinking we'll retest $200 when in reality there is almost nobody left to sell. Perfect opportunity for a pump.
don't worry when the chinese wake up they will see that big red 'chinese panic' flash dump and they will start the panic mode and huobi will shutdown and and all the chinese will start unloading their bags on the rumor that bitcoin is going to 170.
Is a $10 drop really enough to cause that much panic?
The only people panicking are those that dumped 5000 coins on finex hoping the price would fall in a cascade of selling.
In 30 days we have US regulation coming onto statute.
1156.
Post 10370585 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Remember all but a select few on this thread are retail playing with peanuts and leverage.
All it takes is a few consecutive 'short all the rallies!' attempts ending in margin calls and the attitude in here will change on a dime.
1157.
Post 10370658 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
and if you're short, keep shorting. It's the forced liquidations of the shorts that are going to really launch this next rally.
Plenty are..
1158.
Post 10370675 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
sorry guys, but the real crash is yet to be seen.
with all those bitcoin derivative trash, p&d altcoins, mining bubbles, bitcointalk ponzi schemes, bulltard trolls and scammy exchanges in place you need several rounds of really hard dumping to find the real bottom.
the one to 150 is the first and genuine step in the right direction.
I know it is customary to talk ones book in this place but you're getting a bit obvious. I often find your comments somewhat insightful, but this is just twaddle.
there is no book.
I am buying all the dips and cashing out all the rebounds since we broke 380.
that is all.
So you have no coins currently but want to buy some at a lower price?
1159.
Post 10370738 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
I have a small mining operation that I made out of thin air (trading + cheap electricity), that is still profitable and it will continue to be till we hit 100 $.
so I dont give a shit what will happen.
I am here for the lulz.
Riiiiight...
1160.
Post 10371351 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Let's see you trading record fonzie..
Holding my breath..
1161.
Post 10371364 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
I wish it would happen so he would stop talking about it ... getting kinda boring
<grabs pencil, starts analysing BFX statistics as if they are the only market driver>
A cursory glance at the short interest and price swings shows they are heavily correlated..
1162.
Post 10371753 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
INCA you are nothing else than a bull scammer. An honest upright bull would prefer to see a sustainable growth.
But bull scammers like you are just waiting for a quick pump and dump short squeeze to unload their bags to the next bigger fool.
I am dissapointed.
Bitcoin would be better off without scammers like you.
Says probably the 2nd biggest troll on the site..
Finex:
Shorts 20,464
Longs 14.9m USD
Keep trying bears
1163.
Post 10371944 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Walls retreating :p
1164.
Post 10372041 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Off to bed as we look like we retake the 220's.. maybe
1165.
Post 10375694 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
So is it mainly bots trading on these exchanges?
I just bought a lot of bitcoins at just over 193.4 euro in 1.8 bitcoin increments.
I have been waiting for something under 194 and saw that pop up so I bought it.
Then a few seconds later another 1.8 popped up for close to the same price. So I bought it again. And it popped up about 6 more times and I snatched it up each time.
But the numbers were different each time.
1.79871374 193.31098
1.79279944 193.42050
etc...numbers like that
what's that all about? I'm glad someone did that, if I were to buy that many bitcoins at the current volume I would have driven the price up to 200 euro.
I have a buy set at 200 but I think I will nibble this weekend if we don't hit it..
1166.
Post 10377945 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
How fucking real is $200 by tomorrow?
$220 Is more likely in my opinion.
See told you dumb bears. Hope every bear gets margin called for shorting.
This is just the beginning of the great rally of 2015.
This is what forming a bottom is like. People who short all rallies or manipulative sells have to be punished a few times..
1167.
Post 10377960 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
Get ready for the dump...
Let me guess..from someone else?
1168.
Post 10378309 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
This forum is a much nicer experience with him on ignore.
1169.
Post 10378523 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.56h):
See told you dumb bears. Hope every bear gets margin called for shorting.
This is just the beginning of the great rally of 2015.
Such rally, many reversals, very bottom, wow.
One word. Volume.
1170.
Post 10386555 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.57h):
I was promised sub 200 coins by the retail
gamblers traders on here.
Bears trying to keep it below 230..
1171.
Post 10386615 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.57h):
Was that bulls or bears trying to keep the price down?
1172.
Post 10386769 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.57h):
Was that bulls or bears trying to keep the price down?
u mean we are going nowhere but down?
Cant understand your picture
Just showing that the bulk of the moves down have happened in minutes over the last month. Heavy selling designed to encourage technical momentum traders to piggy back along for the ride. Nothing natural about this market
I think we are in the process of forming a bottom. Shorts have risen then been clipped back by 'unexpected' buying like earlier today. A few more shearings and retail may decide that actually expecting the price to drop from 90% down from ATH to 95% is stupid. Sellers are already losing momentum.
1173.
Post 10386911 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.57h):
Please don't quote the homophobic troll.
1174.
Post 10391270 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.57h):
I wonder if the posters who keep nonchalantly referring to child pornography would kindly stop. Thanks.
1175.
Post 10391286 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.57h):
I wonder if the posters who keep nonchalantly referring to child pornography would kindly stop. Thanks.
How many pages back was THAT?
Last couple.
1176.
Post 10391515 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.57h):
Don't try to justify yourself NHJT you sinister cunt, it is just pathetic. Welcome to ignore.
1177.
Post 10450220 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
1178.
Post 10450948 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
If we take 285 then it's off to the races..
1179.
Post 10456247 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
This is great, ~250 and shorters still trying..18k on finex. If we jump a bit higher they will begin to capitulate and we could glide over 300 and hold it. Throughout most of 2014 short interest was 5 to 10k..
1180.
Post 10456409 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
Any TA gurus want to post some downtrend breaking targets? I have about 285.
1181.
Post 10458979 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
People are still reposting on reddit the rumor that Google's payment system may use bitcoin. So that may be indeed the cause of the recent rise.
I think that would be buy the rumour, BUY the news!
1182.
Post 10459469 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
Meanwhile the price moves upwards..
1183.
Post 10460455 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
What is the best strategy now buy or sell ?
best would have been: closed long at 250 and short a bit above it.
As said. In the end nothing changed in Bitcoin. This pump was mainly created by pure day-trader caused by technical signals.
Daytraders don't bring value to the market in the end. I guess this will retrace like it did at the Coinbase pump...
Attention..book talker detected!
1184.
Post 10461869 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
Quick check before valentine's meal..looking good bulls
1185.
Post 10462144 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
NLC seems to have gone disappeared..
1186.
Post 10462226 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
I have my eyes on 285 territory. I doubt we get there for a bit though. If we bust through that with high volume then things should get exciting for the next few months
1187.
Post 10462495 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
Or so you hope. So funny watching all the "Oh BTC dead crowd" go quiet and make dumb comments.
When did I become part of the BTC is dead crowd. I am just saying that it will likely continue to follow the long term trend until we see a real reversal, but its gotta go sideways for a long long time before a reversal of the long term trend.
The long term trend is up. You've been here bearish on btc since 2011 so you probably know that.
If you are referring to the recent bear market then if we breach about 350 then it's over.
1188.
Post 10462538 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
There is not much difference between the $166 bottom and the bottoms before at $340 and $275, the volume measured in USD is similar.
There is no particular reason to think that 166 was the final bottom.
So you said yesterday. Proof?
Of course the only particular reason to think that 166 was the final bottom will be when the downward trendline is broken. That is currently 25$ away by my poor quality 'lines on a chart' TA.
1189.
Post 10462570 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
There is not much difference between the $166 bottom and the bottoms before at $340 and $275, the volume measured in USD is similar.
There is no particular reason to think that 166 was the final bottom.
So you said yesterday. Proof?
Of course the only particular reason to think that 166 was the final bottom will be when the downward trendline is broken. That is currently 25$ away by my poor quality 'lines on a chart' TA.
Didn't you say $350 like 10 posts ago?
It depends how you measure it..I don't pretend to be a technical trader. But when that magic price is hit between 285 and 350 all hell will break loose...
Edit: right..lady duties..
1190.
Post 10466739 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
Awoken with a sore head after some excellent wine last night.
Price holding up well considering yesterdays exuberance.
1191.
Post 10466882 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
A delightful New Zealand sauvignon blanc. 2020 is for teenagers.
1192.
Post 10466984 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
What I want to know is how you get a hangover from drinking wine.
Drink a lot
1193.
Post 10467065 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
Bear pushed us under..keep it coming big guy
Longs panic sell before the price levitates again..
1194.
Post 10467087 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
Bear pushed us under..keep it coming big guy
Longs panic sell before the price levitates again..
We all hope this is true but its just the market correcting itself.
If we stay in the 240-250's today I'll be happy.
1195.
Post 10467114 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
Is that what the bull market is going to be like NLC? You posting a picture of every little pullback but neglecting the 30 dollar rise preceding it?
1196.
Post 10467149 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
I dunno. -$20 since I woke up. All you bulls mooed "MOON!!1!" when the price went up by $20
You seemed to have overslept and missed posting here yesterday when the price rose 50 dollars.
1197.
Post 10467754 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.58h):
Keep up the trolling.
When the price breaks 220 or 300 I will be back.
1198.
Post 10515263 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
It's my understanding that the more forward-thinking gray marketteers are opting out of Bitcoin in favor of less archaic cripto, the sort that does anonymity right. Hope you'll be able to find some throwback still using BTC in 5-10 yrs.
Do you have 6800 posts in 11 months on a non-bitcoin forum for a 'less archaic cripto' coin we should be investing in?
1199.
Post 10516291 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
great plan!
btw thanks for an extra hundred bucks!
I thought you don't trade?
1200.
Post 10516433 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
great plan!
btw thanks for an extra hundred bucks!
I thought you don't trade?
He doesn't. He does what the Bitfinex dude does. He buys when it goes down and sells when it goes up.
What you describe
is trading..
Explains his overly emotional posts when the price surged up to 268.
1201.
Post 10516545 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
great plan!
btw thanks for an extra hundred bucks!
I thought you don't trade?
He doesn't. He does what the Bitfinex dude does. He buys when it goes down and sells when it goes up.
Explains his overly emotional posts when the price surged up to 268.
I know. That's what they said about the Bitfinex guy as well... it was an attempt at a joke.
Ha. Very good.
Let's see if tarmi starts bleating if we jump another ten dollars. He clearly hasn't bought in yet
1202.
Post 10516842 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
hmmm...ok everyone did you hear that ?? this is the 'fully loaded bitcoin but it has more upside potential from here crash' !! is everybody ready
i am getting my 'fully loaded "anything can happen" bitcoin crash' suit on right now. we can't take any chances when we have a clear of a sign as billyjoe being fully loaded.. we are just waiting on the 'chinese miner' dump to set the shorts going again...............
Shorts are at 20k already..
1203.
Post 10517588 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
With the next auction of DPR's 50,000BTC coming up in March I expect most of the coins to be sold much lower than market price and I also expect a huge dump after the coins from the auctions are dispersed. We may even see sub $150 coins at that time. I highly doubt any good positive gains until at least a few weeks after the auction. Most people won't take that chance of getting dumped on.
Just like the last two auctions?
1204.
Post 10527821 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
Anyone else think it is ironic that americans love to slag off greece for growing an unpayable national debt and going broke? I mean the fed printed how much of your deficit last year? Or the year before? Or the year before that? lol..
Literally the only difference between the US/UK/Japan and greece is a magical money printing machine denominated in greek euros.
The ECB will print. What else can they do?
1205.
Post 10532830 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
I predict that this year the btc price will be fairly boring. Sure we might retest 160 (i'll buy another 100) or it could go to the moon. But with the advent of coinbase and the upcoming gemini US regulated exchange i think we will see a gradual increase in the market making of US exchanges over the existing crap elsewhere. I think the clue will be much larger bid walls appearing on coinbase. A few months of boring is what bitcoin needs to decisively move out of the technical downtrend. I will continue to accumulate between 10 and 20 coins a month dependent upon the price at these levels.
1206.
Post 10534957 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
soon
But you already sold and the trolls control a trivial amount of coins..
1207.
Post 10535061 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
Tarmi you do not mine multiple bitcoins daily..
But keep up the bs.
1208.
Post 10535191 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
Wait a minute tarmi, you were the one getting angry last weekend when the price inexplicably rose!
1209.
Post 10544267 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
I really don't get people sometimes. Sat on a <insert special interest> forum slagging off said <insert special interest>.
If bitcoin turns to dust my life won't change - I will still be a well paid professional with a happy life. I am guessing you are bereft of anything else useful or productive to do..
1210.
Post 10545838 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
Is that it?
The short swap interest on finex is now more than double the equivalent rate in USD and there are only 2000 coins left at any price to be borrowed and sold into the market.
Edit: fairly clumsy chart painting..though i suppose they were hoping for some follow through selling
1211.
Post 10546408 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
Shorts near 21000.
1212.
Post 10546534 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
Btc-e dipped to $228 for a while. Didn't want to see the the 220s again.
@Damiano we need more than that to get a proper squeeze. And I don't believe in a squeeze before the sr-coin auction anyway. However, if the bottom is as firm as it looks, we could have a helluva a spring waiting for after the auction.
We would need probably 25k minimum, but I'm more worried on the ask side if a squeeze were to occur.
Whilst it is tempting to agree things will coil until the auction I don't think we can be certain. This time the coins are valued far lower, and are therefore much easier to purchase. Also the auction had no direct effect on the price the previous two times and so why expect anything spectacular this time?
1213.
Post 10546807 (copy this link) (by inca) (scraped on 2020-04-04_Sat_13.59h):
If we have changed to an up trend and the auction keeps the price artificially low while swaps are building up, then that might bring about something spectacular.
The last two times we were obviously in a bear market. But we still haven't broken the nov/dec 2014 pattern properly so I'm not sure if anything will be different. We've had 1 month of green 1d macds today though. Makes the bottom feel firm and nice.
Fair point..shorts building nicely. Not long until they caught off guard by 20,000 coins unexpectedly bought in a few hours again lol.
1214.
Post 10547182 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.00h):
You can imagine the advert for his current employment:
A wonderful job opportunity has arisen. I am seeking an asocial basement dweller. Must be available to work 24/7 365 including xmas. Essential qualities: must have a reasonable vocabulary, superiority complex and love of schadenfreude!
1215.
Post 10550412 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.00h):
Blitz sort this fucking troll out please
He is a disgrace and bringing the forum into disrepute.
1216.
Post 10560829 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.00h):
I agree. Is this garbage what we want the newbies who just watched that CNN special to read when they hit bitcointalk and look at active threads?
I understand that there's a fine line between trolling and a completely valid bearish perspective. So it is not right to moderate on-topic bearish posts. But the trash I'm reading today is not the image we want to present to new bitcoiners. Letting it stay here is a bad idea if you care about Bitcoin, even if you care but happen to be short today.
So I'm here posting on this thread to ask other bitcoiners to en-masse ask the moderators to start monitoring this thread until the off-topic trolling -- in fact all the off topic posting -- goes somewhere else.
Please reply to this post if you agree!!! Drown out the garbage posts with replies so the trolls see how little we appreciate their off-topic "contributions".
And also start clicking the "report to moderator" link on off-topic posts to this thread.
thanks,
theZerg
It's the communistic approach: declare something to be a common property and then control it, for the common good.
Capitalistic approach would be creating your own thread, with your own rules, and making it more popular that this one. Sure, it's a bit harder to do.
^
Right.
I reported several child porn references to the mods by clicking report and by msg. Result : nothing whatsoever.
Yeah it is a fine line between free speech and censorship. But this is a bitcoin forum. Am I the only person who thinks NLC posting from an alt called 'childpronz' is grounds for being removed from the forum? This place is plumbing new lows.
1217.
Post 10581336 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.00h):
Since were braking up from here, if bull volume fails were probably ending up in 160$ around double bottom
Explain how? I don't see this as a possibility at all.
If the push is not strong enough at this time more sideways action is more likely than a dump.
The way I read the market there is absolutely no incentive to sell coins below $220.
Sideways action is usually bearish.
Depends. Sideways (on falling volume, even) could either lead to a sudden break of resistance like in May, or of support, like in November.
Your guess is as good as mine, although I'm slightly leaning towards upwards, because of the sheer size of the January capitulation.
Hope so. Finex shorts at 23k. Nothing to see here.
1218.
Post 10586003 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.00h):
Shorts over 24000. Price static. 1400 coins available to borrow at any price. Go retail!
1219.
Post 10586648 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.00h):
No. Look at the orderbooks.
1220.
Post 10586769 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.00h):
Yeah we are in one of those interesting moments where a big buy will force shorts to capitulate and push the price rapidly up into the 250's. Retail short sellers are all in. Long's watching
1221.
Post 10588220 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.00h):
I am sure it no coincidence that around the same time of day that NLC starts posting other sock puppets start yapping.
1222.
Post 10591235 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.00h):
'This user is currently ignored' really noisy today. Sad fucker.
1223.
Post 10597718 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Only a blind man couldn't see that coming. Retail shorting at all time highs. Bullish order books. Coins drying up for shorting.
Edit: lots of short traders still..excellent
1224.
Post 10597947 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
What is that x60 faster thing any way? How does it effect the protocol?
Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB. He noticed that the nodes were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again. That wasted time impacted the time needed to propagate a block from node to node. He tweaked and hacked the code until he got
that part of the code to run a lot faster, saving some memory too. That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms.
That is good news for people running nodes, but it will not be noticed by ordinary clients. The target block rate will still be 1 block every 10 minutes.
scalability looking good..
1225.
Post 10598136 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Yeah we are in one of those interesting moments where a big buy will force shorts to capitulate and push the price rapidly up into the 250's. Retail short sellers are all in. Long's watching
Shorts not really capitulated much yet. Let's see how this develops. If the price holds then it could move up quickly to 270's. Oh and NLC may stfu for 24 hours.
1226.
Post 10598505 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
What is that x60 faster thing any way? How does it effect the protocol?
Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB. He noticed that the nodes were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again. That wasted time impacted the time needed to propagate a block from node to node. He tweaked and hacked the code until he got
that part of the code to run a lot faster, saving some memory too. That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms.
Where can one find more info about this?
/r/bitcoin top post..
1227.
Post 10598684 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
this looked promising, but already out of steam near the long term resistance.
smells like a bulltrap indeed, waiting for a confirmation to dump.
we are waiting for confirmation you bought..
1228.
Post 10598862 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?
More buying from the unleveraged.
edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol..
1229.
Post 10598940 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?
More buying from the unleveraged.
edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol..
A lot of people were hoping for it.
It was never going to happen.
Well never say never
But there are currently 23000 bitcoins which have to be bought back on just bitfinex exchange alone. The typical number of short contracts since finex began is between 5 and 10k. Even if we just head back to 15k you can see on the orderbook how far up that takes us when those coins are bought back during capitulation or liquidation purchases.
We haven't seen a squeeze yet.
1230.
Post 10599519 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Expecting price rise to ~$350 - then down to ~$220 revisiting the current level. Time horizon: March to May.
What do you expect?
I expect the trolling to reduce markedly over the coming months..
1231.
Post 10600965 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Any other Brits on here?
1232.
Post 10601432 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
h
i think he is right....'chinese miner' gonna dump on us again here soon.......inevitable ..... however i think we will keep recovering and moving higher though overall . we finally won the battle for 240 250 ..
The idea widely promulgated that 'Chinese miners' are responsible for selling thousands of coins in one minute on all exchanges is a fiction. Why would anyone who obtains payment for farming a commodity want to a) sell it for a lower price than they could otherwise obtain, or b) actually negatively effect price and sentiment of the commodity over the longer term with their supply by selling it all suddenly into the orderbooks?
If we exclude OTC sales, and the likely significant % of miners who do not sell and instead assume all 3600 coins are sold daily, then spread across all the exchanges in the world that is 2.5 coins a minute sell pressure. Nothing really. From 2016 it will be a massive 1.25 coins a minute. Hold me.
Oh and if you insist on quoting lambtroll - I cannot be the only one to spot the irony in him talking down about someone else having their life ruined by bitcoin lol..
1233.
Post 10601613 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
The matrix has shifted. Can anyone else feel it?
In the UK we call this "sunshine"
(little joke that anyone in the UK will get today)
happen to be in london today. and yes, sunshine is confirmed.
Slightly more dreary in brum
1234.
Post 10601682 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
What about off chain transaction volume?
1235.
Post 10601765 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Plus if it's lower than September 2013 maybe it's a good sign, that month preceded the start of the big rally
The baseline volume is higher than the last bubble so I think we are all good.
Adam are you omnipotent?
1236.
Post 10605727 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Any other Brits on here?
A few.
Moooooooooooooooooo
I am in good company then..
1237.
Post 10605753 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
There doesn't appear to be much money on bitstamp...Expect other exchanges to lead.
1238.
Post 10609254 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Ask side is looking thin but again those $17.6MM (and growing) in longs had A LOT to do with that. If not for that i'd be really bullish
It used to be 30 million USD..
Whales are just waiting for buying to drive the price upwards. It seems pretty obvious that heavy selling pressure has ceased. Heavy specs are now long and retail are short. Up up and away!
1239.
Post 10609642 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
I have to admire LambChop's relentless bitcoin dissing.
We will remember your efforts when we are sipping Dom Perignon on our yachts in Monaco.
You won't even remember him in six months..
1240.
Post 10611125 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Bears getting scared..
1241.
Post 10612160 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Maybe they're referring to NYSE investing in Coinbase.
I was also thinking about NYSE's investment in Coinbase when I read the article. But NASDAQ published this yesterday. They are obviously not hinting about something that happened weeks ago. It's just a gut feeling from my part. Read the article and judge for yourself
Good find Norway.
I normally cringe at such rampant speculation but this thread has seen far worse so now I will provide my own wild theories to the mix
I think this gives some weight to that mention from the bitcoinmagazine newsletter (posted here and in /r/bitcoin) wherein they suggest that somebody has provided the largest funding ever to an unknown bitcoin startup. Apparently some stealth bitcoin startup is getting more funding than coinbase!
What if somebody like JP Morgan is funding the largest ever bitcoin private sector bitcoin project. JPM is apparently hiring bitcoin talent, maybe they need somebody to help them manage their huge new investment.
And what if this startup is working on something huge, like a bitcoin based replacement for the SWIFT interbank transfers system.
And what if the folks behind the massive runup in USD swaps on finex are perhaps "in the know" on this matter.
What if.
There has been no massive run up in USD swaps..They are up slightly, sure.
Bfxdata.com is a useful resource.
1242.
Post 10614513 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Correct. I am from Norway, thats why I used a period to mark multiples of thousands.
Still, nobody is commenting on my pie charts. I had to convert 200+ currencies manually to make them. But people only care about comma vs. period!
I'm loosing my mind, HA HA HA!!! <--- (Crazy norwegian laughing in a creepy way.)
The pie charts are here:
https://imgur.com/KA8CuEDIt's because we all know ((or most of us) or some of us)) know this already. Plenty of talk around bitcointal on the possible value of bitcoin if X event happened - especially along the lines of M1 etc
Relax noob. They viewed it
It is all a load of rubbish anyway. Like any commodity or share, if 1% of hedge funds bought in it would drive the price fantastically higher than 1200 measly dollars. There is a difference between money flow and market capitalisation.
1243.
Post 10620253 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
morning gents! i must ask the age old question...
is crypto done??
Yep time for you to go on ignore.
1244.
Post 10620275 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Btw that dump is hilarious. Nice way to try to smash finex bid side orderbook lol.
Also love the complete lack of any follow-through selling whatsoever.
1245.
Post 10620395 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$.
You really
are not much of an economist, are you ?
No appreciation of logic either. Not everyone with spare cash has heard of bitcoin yet.
How could they think that 1 BTC is worth 255$, if they haven't even heard of it?
Don't you have better things to do with your time?
Walls on finex and huobi to cap below 250/1600
1246.
Post 10620425 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Is it true?
I ignored him because that is all he ever says. Usually after heavy selling.
1247.
Post 10620684 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Nibbling back up to 250..
1248.
Post 10621245 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
By my reckoning he sold pretty much where you did nlc.
You felt the need to troll bitcointalk for 6000 posts afterwards though sadly.
1249.
Post 10621674 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Short term trading in bitcoin is otherwise known as gambling.
1250.
Post 10621889 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
nice, Bulls now paying 0.05% on var and 0.07% on top for their lev. in addition they are getting burned again. This is goona hurt.
Ha.
This is where tarmi tells us he dumped at 258.
1251.
Post 10622487 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
If it breaks the trend line currently sitting at around 238-240 with decent volume, it's done.
Someone market sold 8000 coins into the orderbook on finex earlier and it didn't even breach 245.
You better get selling or we'll be back in the 250's shortly..
1252.
Post 10623335 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Nearly there..
1253.
Post 10624713 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
1254.
Post 10624749 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Paging tarmi to tell us how he bought back in at 245 and just sold at 266, currently waiting for us to drop back to sub 200 lol
1255.
Post 10624816 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
With the frequency of your posts NLC, I conclude you still haven't bought back in. Silly sod.
Edit: that itch you can't scratch is FOMO..
1256.
Post 10624872 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Just wait til joe public investor can buy in through an ETF..
1257.
Post 10624929 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
NLC having a fit keeps clicking Post button
1258.
Post 10625030 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Are you writing a book stolfi?
1259.
Post 10633205 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Bears getting nervous.
Price not falling!!!?!
Tarmi are you currently in or out of bitcoin? Bleating suggests you were expecting falls from 237..
1260.
Post 10633212 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
(Before you scream "21 million": that bitcoin limit is "guaranteed" only by fuzzy arguments about a complicated economic game, not "by math", and could be changed if the right players agreed to it. Moreover, any kid can duplicate the amount of bitcoins in existence by creating a hard fork of the blockchain and starting to mine it on his laptotp. Anyone who has bitcoins will gain an equal amount of those "series B" bitcoins, accessible through the same private keys, and could trade them independently of his old bitcoins by duplicating his wallet and downloading the kids's client software. Whether those "series B" bitcoins will get a significant market value is a market(ing) question, not a technical one. And, of course, there are the altcoins.)
You're describing a double spend attack, right?
No, I am describing a hard fork.
It does not interfere with the original chain directly, simply creates another clone, premined and "pre-transacted" to hae the same addresses, private keys, UTXOS, and everything as the original chain. All it can do is steal value from the original bitcoins, if for some reason people prefer to spend their dollars on "series B" bitcoins rather than original ones.
What tosh. Who would spend their dollars on series B bitcoin, what scenario do you envisage where someone would be tricked into buying from a second chain.
Exactly. Who the hell will value stolfi coin?
Edit: there are hundreds upon hundreds of ALTs..but only one bitcoin!
1261.
Post 10633343 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Tempted to ignore you stolfi. For a professor that is pretty stupid.
If memory serves there is at least one exact copycat of bitcoin. A different chain. Guess what - worth nothing.
1262.
Post 10634509 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
8000 coins to 300.
Lets do this..
1263.
Post 10634653 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Still no squeeze. But it must start to hurt soon.
btc swaps still ~20K on finex, they still waiting to cover.
It's the perfect storm. They've been trained over the last year that the price must always go down. Many will not learn until they lose all of their profits from the last year.
Yes. 20,000 coins short on just finex alone. Only 8k to 300. Usual number of shorts last 12 months (bear market!) has been 5-10k until last few months when it went ballistic with retail shorting. I used the metaphor of a football held under the water, not going to hold for much longer.
Edit: long interest up quite a bit in fact..
1264.
Post 10634797 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
The last two weeks sucked being a bear and expecting the price to drop cause it never really happened. I think the true bears aren't yet convinced of this rally. We will see 250s once again and they will be back saying told you so. But this is definitely gonna be liquidating some of the margin calls.
We are still at 20,200 shorts.
They may be underwater, but there hasn't been anything approaching a squeeze yet
1265.
Post 10634926 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
Paging Notlambchop!
Paging exocytosis!
Paging Nothatinjusttrollin!
Where are they?
1266.
Post 10635605 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
(we're watching you goofs make us stupid free money with the coins we scraped up at sub 200 / low 200s and looking for the next cliff dive ... at least I am ... tbh i almost feel bad how much i'm making whilst knowing how much of a rigged sham this all is ... but hey profit is profit so we can't complain much at this point ...)
Where are all the -
'BTC is dead'
'Sub 100 coins'
'Double digit coins'
'Single digit coins'
FUD'ers....
Where you at brah's
They are gonna be selling into this artificial pump, while you're left crying b/c you listened to the Moon shysters.
Yeah. Only problem is the bulls (myself included) were buying even in the 170's. Oh and in march 2013.
You keep selling for your pennies, genius!
1267.
Post 10636609 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.01h):
6800 coins to 300..
1268.
Post 10645352 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.02h):
I see the bears came out for a brief moment before f-ing of sharpish!
Edit: 5400 coins to 300.
1269.
Post 10646576 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.02h):
I must admit that this thread is unreadable when it comes to bulls.
at least bears dont talk in pictures and use meaningful words.
Still waiting from a position update tarmi. Are you long? Did you buy back in?
1270.
Post 10647768 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.02h):
buying volumes are declining. Over bought territory. I believe it is time for bulls to take profit and bears to start shorting
go ahead
I am surely taking profits now...
nothing to complain about
...and opened s amall short, just for the fun of it
so far it appears that the timing was perfect 😀
How many times have you sold the rally already?
1271.
Post 10647928 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.02h):
How many times have you sold the rally already?
after closing my short with a
small loss at 243 and going long at the same level. closed profit @ 289 short at 291... and you?
appears you have never taken a profit...True. My profit is unrealised from 03/2013. Every coin I bought except for a quick flip flop to gain 20 coins or so in the flash crash to 160 is speculated upon and not traded.
nice, Bulls now paying 0.05% on var and 0.07% on top for their lev. in addition they are getting burned again. This is goona hurt.
Price seems to be going down a bit now. But I don't think this is going to end in another flash crash. And even if we should go down as much as last night, it will only show the resilience Bitcoin has managed to gain over the past weeks!
to me it looks like a slow grind down.
The dumping begins?
No
Itīs just the whales that are shaking up the weak hands. BTC is undumpable.
Itīs not like a 50000 btc auction is coming.
Itīs not like that stupid fuck Kim Dotcom Jung-un just realized that he canīt unload at $275, because guess what ? Even the dumbest bulltards are not that naive anymore to follow a sudden 20 dollar growth.
agree. nothing than another bulltrap....
However these posts aren't really singing 'long from 243' to me..
1272.
Post 10648077 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.02h):
How many times have you sold the rally already?
after closing my short with a
small loss at 243 and going long at the same level. closed profit @ 289 short at 291... and you?
appears you have never taken a profit...True. My profit is unrealised from 03/2013. Every coin I bought except for a quick flip flop to gain 20 coins or so in the flash crash to 160 is speculated upon and not traded.
nice, Bulls now paying 0.05% on var and 0.07% on top for their lev. in addition they are getting burned again. This is goona hurt.
Price seems to be going down a bit now. But I don't think this is going to end in another flash crash. And even if we should go down as much as last night, it will only show the resilience Bitcoin has managed to gain over the past weeks!
to me it looks like a slow grind down.
The dumping begins?
No
Itīs just the whales that are shaking up the weak hands. BTC is undumpable.
Itīs not like a 50000 btc auction is coming.
Itīs not like that stupid fuck Kim Dotcom Jung-un just realized that he canīt unload at $275, because guess what ? Even the dumbest bulltards are not that naive anymore to follow a sudden 20 dollar growth.
agree. nothing than another bulltrap....
However these posts aren't really singing 'long from 243' to me..
as I would have the time to comment on my trading strategy constantly. Risk management is everything and trailing stops are your friend. Emotions are changing quickly... just stick to your rules. Just because I am not a permabull does not mean I am not going long on news and market movement. I told you before, I am here for the volatility... and yes I took a small loss on my short position at that very time...
Hey it is a free country brother - just pointing out that either you are lying about being long from the 240's on this forum over the last few days in your posts, or you just made that bit up
1273.
Post 10661497 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.02h):
resistance becomes support.
Or maybe this?
Will you be absent if it is the former? The last week this place has been almost troll free..
1274.
Post 10661625 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.02h):
you guys are pretty full of shit acting like there is support and resistance here
Where did that ask wall at around 272 on bitstamp go? was it bought? no it was dropped because we go wherever the market makers want us to go.
Shorts just shy of 19k on finex. Nothing organic about that selling..
1275.
Post 10661693 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.02h):
you guys are pretty full of shit acting like there is support and resistance here
Where did that ask wall at around 272 on bitstamp go? was it bought? no it was dropped because we go wherever the market makers want us to go.
Shorts just shy of 19k on finex. Nothing organic about that selling..
You realize $4m of longs, or 16k BTC went long in the past few weeks? Yet 4k new shorts today, after 10k closed in the last few weeks, is inorganic? Get a grip
That is right. You short away.
1276.
Post 10673924 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.02h):
dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?
Yep, BTC market rulers wanna less shorts before they start a final rape, nothing new.
1) Post a rumor (like OKCoins 20 bln$ hedge fund on november 12th)
2) quick buy 3-5k of BTC to provoke fools
3) look at the fools canceling shorts
4) wait until fools go full
retard long on rumors and incoming next auction news
5) create a quick coordinated dump like previous one and retest "bottom" to force a final shake off (on next auction + some rumors news)
6) make a real reversal once stock markets starting to collapse (1-2 months)
They made same thing on the last auctions spreading rumors. Welcome to non-organic manipulated by its own Bilderberg BTC club "market".
Why do you keep posting this?
Anyway, nice bullish action following the recent intermediate top. Let's see if we can push 300 this time round.
Edit: still just shy of 20k shorts..excellent - the fuel is already there to propel us well into the 3xx's..
1277.
Post 10674269 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.02h):
biutiful pump.
and if you think that you took my money you are fucking stupid.
Uh oh someone miscalled the market..again.
1278.
Post 10685176 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Who do you think was mostly responsible for the $1200 pump? Yep, China and a bot from Japan.
Your shitcoin's biggest pump ever was brought to you by "yellow fuckers", now what?
Were you whining about that too?
I see the trolls are back out to play.
I would love to hear your positions..short from where? How long before you do a Houdini again NHJT?
1279.
Post 10690761 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Checking in between cases to see nothing other than the resident troll talking to himself. Saaaaaaad.
1280.
Post 10695560 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Just wait until monday and you will see what is going to happen after this yet another wash volume chinese fake "pump".
Where do you actually see so-called "Volume" you are talking about?
Both the sides don't actually have any volume these days as compared to the previous ones whilst the auction was not even announced. The crash is actually "DONE" and I think it's time for the whales to wake up and pump, you know, "weak hands got out". And yes, I don't think there might come something major on Monday.
Not the volume you had in mind I guess, but this made go back to look at long term volume... Short version: doing pretty well currently, both in terms of BTC volume and USD volume, though the latter is still far behind the peak in late 2013/early 2014.
The following is Bitstamp + Bitfinex + BTC-E, BTC and USD. BTC volume is now the highest it has been in about a year (and even in USD terms beats the mid-2014 period). Compared to the late stages of the 2013 bubble however, it's still behind (and that's excluding mtgox volume that was a major factor in late 2013).
Mmh, in fiat terms the volume just seems still kinda low to me. On chinese exchanges (why didn't you put them in there? if there is fake volume in there or not we are talking about increases/decreases in volume, so we shouldn't care) there was a lot of interest in the $300-$400 area before the last crash (especially on OKCoin). Now there seems to be less interest to play the current price range.
^The bottom volume in USD is the same as the $475 megabulltrap.
Same for other exchanges.
Wanderer thinks we are going down because the volume on stamp (dying post hack) is lower than during a blow off bubble top. He ignores the fact that on finex (the main bitcoin exchange) volume is up hugely in the last few months. He will be surprised when the price glides past 300 and continues upwards..
1281.
Post 10695578 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
People predicting a dump?
I see nothing to suggest a price drop other than paranoid speculation regarding what people do with the auction coins.
how about the 20 mn. USD margin long on Bitfinex ?
14 million of which never even batted an eyelid during a massive crash down to 160..Long interest was 30 million last year. Perspective.
1282.
Post 10700805 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Looking to buy another handful of coins. Expect dump immediately after.
1283.
Post 10705314 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Just bought a few more coins. Expect a sudden price drop.
1284.
Post 10705844 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Just bought a few more coins. Expect a sudden price drop.
Wrong time of day, Bro. look at the 12 HR chart. Buy after midnight UTC and SELL this time of day for as long as the pattern continues.
Day trading is for gamblers. These coins go from circle to my cold storage.
1285.
Post 10716578 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Just backread the last few pages. How refreshing to have no trolls at all cluttering up the pages with nonsense.
Let's see if it holds 290 on finex..
1286.
Post 10716895 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.
Approx ~5%
Holy schmokes how much are you trading with?
10x 30-50 coins so the same as trading 300-500 coins. $10 moves can make $3000-$5000. Thats just one way without scalping the chop and inevitable pull backs. The key is EXTREMELY good risk management.
Or lose the same.
It is worth remembering that if you are not in the know about upcoming market movements, then you are likely to lose money trading, especially with leverage where you will likely lose everything in your account.
Edit: it is also worth considering why a lot of the vocal bears like newbie1022, matthecat etc are no longer posting with great vigour here..
1287.
Post 10716987 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Where's Lamby?
Probably bought back in. Doesn't want to harm his investment or have it pointed out that bitcoin was a lot cheaper at 160 than now.
1288.
Post 10718101 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Thats bitstamp fool. Nobody uses that anymore.
you mean p&d crew and clowns like fontas dont use it anymore? probably right.
but!
7 k to 300 on stamp
vs
5k to 300 on bitfinex
so better wire some real cash asap.
Hey tarmi, what positions you got at the moment?
1289.
Post 10722842 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
3.7k coins to 300 on finex. Someone put some money on bitstamp quick!
1290.
Post 10723118 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
It's a much nicer place without the troll family.
They will be back don't you worry.
I am guessing that NotHatinJustTrollin was margin called and has decided to give up on bitcoin.
1291.
Post 10725600 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Here we go!
1292.
Post 10725675 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Paging NLC!
1293.
Post 10726008 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
I don't know about you guys, but I just opened a can of beer!
Now that is an excellent idea
1294.
Post 10726095 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
No fucking way $300 is the top. This rally has legs. I've seen a shitload of tops and they don't look like this.
There is still much money to be made.
Where do you think this next top is?
I would guess just shy of the last down trend line, which is now about 360 but falling every day, for one last fake down then up gradually over the coming months.
1295.
Post 10727230 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
I think stamp is dying..
1296.
Post 10727249 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Also...I cannot quite believe I am typing this .................but the lack of the troll brigade is freaking me out a little.... suspicious?
(ps, please do not come back)
They'll be back. They're in hiding right now, where they belong.
Amazing how the mood of the forum is so much improved by the absence of just a few people. Take note, mods.
1297.
Post 10727446 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
I think stamp is dying..
I think that without REAL USD flowing into the market all the other exchanges that provide margin trading will crash lower
Long interest has risen a lot today and another 2k shorts chucked in the towel. But that in of itself doesn't mean we will crash lower. If there is demand for coins at these prices then we are just becoming bullish.
1298.
Post 10727465 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Stamp is a joke..no volume and no bids or asks from 284 to 296 lol.
1299.
Post 10728270 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
"auction? what auction?"
Why would they sell when there are a lot of cretins that are buying right now ? I mean, those who won the auction are making mad profits as we speak. You will see the results in maximum 7 days
Sssh. You have been wrong for weeks.
1300.
Post 10728331 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
When the market moves against you by 30% in a couple weeks...
Most of the vocal newbie trolls have been margin called out of here already.
1301.
Post 10729883 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Who cares about Loaded? Last time he made a winky face the price was a lot higher, and people thought that somehow his wink predicted a new bubble. He's a guy with a lot of bitcoins, he can't push the price up.
agree. His coins can only bring the price down but cannot help the price to go up.
You can use btc for margin going longcat finex?
1302.
Post 10730220 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Loaded is a multimillionaire. And so are his friends and investors. If you think he can't push up the price because he already has tons of bitcoins, and all of his and his friends money are already in bitcoin, then you are dumb.
We are moving up so fucking deal with it, and quit trying to make an excuse for every bit of good news just because you shorted or sold at the bottom.
lol angry bagholders dont want their moment of euphoria ruined. like i said, last time he came and winked all of you delusional bulls did the same thing.
You and tarmi are sounding increasingly worried..
1303.
Post 10730247 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Loaded is a multimillionaire. And so are his friends and investors. If you think he can't push up the price because he already has tons of bitcoins, and all of his and his friends money are already in bitcoin, then you are dumb.
We are moving up so fucking deal with it, and quit trying to make an excuse for every bit of good news just because you shorted or sold at the bottom.
lol angry bagholders dont want their moment of euphoria ruined. like i said, last time he came and winked all of you delusional bulls did the same thing.
You and tarmi are sounding increasingly worried..
Worried about what, exactly?
The price rising further obviously.
1304.
Post 10730665 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
Bitstamp has fallen to #10 in volume. Seems like bitstamp would buy that wall themselves and sell it later for profits and free up some volume to get some fees flowing in again.
They are about to be passed up by Kraken and local frickin bitcoins in volume lol.
What is a bit strange is that if you or I had bitcoins to sell on stamp we would move the wall higher to get a better price for our sale. That is move the wall up higher as the market lifted the other exchange prices. The persistent existence of lower prices on stamp suggests to me that there is no money on the exchange to arb the coins on sale there. There may be no genuine buyers or sellers left.
1305.
Post 10730890 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.
I am cool.
all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.
I am cool
well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.
and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp. any explanation?
Whilst there is a slim chance we could bounce off the absolute last remaining downtrend line at ~360 and plunge into double digits, that certainly is not likely. Keep dreaming tarmi
1306.
Post 10731400 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.03h):
People are opening longs at 0.75% a day FFS! The entire USD Long end has been wiped...
Last time this happened, the price dropped 30% the 30 days following the spike. Obviously, this isn't reason to believe it will happen again in that same way, but it is a possible warning sign.
Is all the USD in long positions or simply reserved?
1307.
Post 10743493 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
Prepare for blast off.
1308.
Post 10743535 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
Still no sign of the trolls. This really could be
the reversal
1309.
Post 10764495 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
All the buys that are happening on Finex are on margin it's not good and it's not healthy.
Holy shit lol! People are opening longs through the dumpage. Unheard of!
$21.6 millions in longs right now.
A few months high.
Where did you crawl back out from?
1310.
Post 10764599 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
Amazing how a 1% drop after double digit gains and the shits come out the wood work again
1311.
Post 10765747 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
Amazing how a 1% drop after double digit gains and the shits come out the wood work again
Amazing how double digit gains after triple digit losses brings back the bulltards
Inca never left. Inca is probably the sole valiant warrior responsible for 2015 The Year of The Bull. It's not trolling, it's troll slaying.
1312.
Post 10769013 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
The thread has taken a turn for the worse again. Is 290 the threshold where you lot disappear?
1313.
Post 10770038 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
When the blue/yellow lines cross, prepare for another nose dive...
Just like the time before it happened on that chart?
Uptrend has been broken.
How? Why?
Some people trade the moving average crosses.
Worth remembering XiaoXiao has been involved in bitcoin since 2011 but is still trading with less than ten coins. He should be rich so take his trading advice with a heavy pinch of salt.
1314.
Post 10771070 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
'Deadcoin' an account registered for the sole purpose of spreading FUD and posting negatively about bitcoin on a bitcoin enthusiast forum. The alt of someone who comes out to bash bitcoin when the price isn't rising. Keep saying nasty things to me - I really value your opinion about what do with my money ha
Oh and when you dig up a post constituting trading advice from me then you can proudly display it here
Edit: off out for the weekend..good luck moving the price lower!
1315.
Post 10775786 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
Come on bitcoin do something!
1316.
Post 10779217 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
Bears just waiting for someone to sell. Long swaps at 0.1% interest is high, but that is only the last few days of swap total.
The order books look better matched than they have for weeks.
One big buy and the bearish sentiment will evaporate in a puff of smoke. Like most of the leveraged bears did the last month.
1317.
Post 10779778 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
Asks melting away at 290..
1318.
Post 10780093 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
as time goes by I am more and more convinced that the party is already over and that this was an epic bull trap.
What are you talking about tarmi? You haven't been bullish for months.
1319.
Post 10780929 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
Interesting how we see what we want to see in the charts, Silverspoon. I think we will attempt 290 today at some point.
Oda I would be keen to hear your point of view regarding where you think the price will move in the next 9 months - and whether you are buying here.
1320.
Post 10783026 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
1.3k coins to 290
3.8k coins to 280
There is no longer huge ask wall on stamp.
Just a matter of when we try to push upwards IMO..
1321.
Post 10783342 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
Not sure what you are trying to show with your chart. If you are suggesting the RSI cannot support any moves higher I suggest you look at Nov 2013, it has already broken out according to your charting..
Edit:
If we are playing spot the pattern then perhaps we are back in september 2013..
1322.
Post 10784383 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
good time to short.
Do it, jump on the OKCoin casino and go all in short 20x. Sure thing right?
already did on bitfinex in 295 range few days ago...
Hey I thought you didn't trade with leverage!? Seriously tarmi next you will be saying you went long at 236
1323.
Post 10784481 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
good time to short.
Do it, jump on the OKCoin casino and go all in short 20x. Sure thing right?
already did on bitfinex in 295 range few days ago...
Surprised you still have coins to sell, been short all the way up
When you go short, don't you just borrow the coins? Shouldn't need any coins to sell.
Also, question for tarmi: don't you pay daily fee for holding an open position with your borrowed coins? After a "few days" doesn't that start to erode any profits you might make?
Lastly, don't you have to buy those coins back at some point to close your position? Why didn't you close already at 285 or lower? Are you that confident? That greedy? What is your target?
I am not telling you my target and yes I am confident. so confident that I am ready to add more to my position if it comes to it. and yes, you are right. you dont need coins to go short at all.
I am paying very low interest on borrowed coins. 10 times less than the ones who borrowed cash.
You may get a chance to increase your short in the next few hours. Don't step too far away from your screen ..
1324.
Post 10784726 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
1 - it's not my chart.
2 - my main point in posting it is that, if you are in the school of "the downtrends not over", then the upper bound of the channel in CNY terms is exactly what we have been bouncing off for the last few days of last week. There are a few in this thread that complain of chinese pied piper's no?
3 -If we play spot the pattern using this chart, assuming the downtrend is not over (which the chart demonstrates), shows that the RSI counts for something. To imagine there is anything like Nov 2013 on the horizon is a bit mental in my opinion.
4 - don't get upset if I question your position, it's not an attack, I just think players stand to gain a lot more by the downtrend not being over and I'm biased because I'm shorting.
1 - cool
2 - not sure why you are not defining the downtrend as being from the ATH and all subsequent lower highs. If we do so then it is already broken. But you are quite right the price may not be going up any time soon..
3 - we can agree to disagree on this one
4 - Certainly not upset! I dont trade with leverage. When there are players stuffing 120,000,000 dollars into stealth startups, the majority of which work/own major silicon valley firms then I would suggest you are wrong
. I think the price is heavily engineered or manipulated. But expecting the price to drop below 160 dollars from a high of 1200 seems a bit silly now.
1325.
Post 10789492 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
As expected we drifted back up into 290's. Hopefully some more fiat will arrive at finex today to be lent out and bring down the swap interest rate.
Perhaps an attack on 300 again this week propelled by some good news.
DOI: In any case I just bought on circle again.
1326.
Post 10789648 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
Lets agree to
disagree.
If there's just
one good thing about the current market condition (slightly boring, slightly leaning upwards) it's that it's possible to have a civilized conversation in here
Oda, I would be keen to hear your current position and market expectations..
1327.
Post 10789717 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
I thought it would obviously have to be time invariant. Doesn't TA only depend on the data in the chart? I don't know much about TA, but Wikipedia and Investopedia say that TA is based on the study of past market data, primarily price and volume. This seems to implicate that if the same pattern emerges in the charts in April or June, the conclusions should be the same. Same for a market moving slow or fast. If all trades are done at half the speed, shouldn't the conclusions on the same pattern (but stretched twice as long in time) be the same? And isn't the model describing a bear trap and a bull trap essentially the same, just applied inverted?
I know there's a kind of "law" in (amateur, perhaps also professional) algorithmic trading that your strategy should be time invariant. Some even go as far as saying it should be
market invariant. In reality, I think it's more a heuristic to find out if the "pattern" you think you detected is just noise, or if you're onto something.
This is completely 'finger in the air', but I sometimes think that certain patterns that seem to be a good predictor emerge across different time scales (hence, motivation for the above "law"), but they're not equally important/active across all scales.
EDIT: The previous paragraph would still be compatible with "TA is based on the study of past market data, primarily price and volume. This seems to implicate that if the same pattern emerges in the charts in April or June, the conclusions should be the same" I would argue: you could simply be missing one variable, say, something like "total volume necessary until pattern x becomes active/has a strong enough influence on the market".
To come to your counter question, I cannot exclude that a signal is useless (usable?) because it lags. Even more, since this signal is interpreted by humans with neural networks in their heads, they can very well learn how to interpret them without understanding them (as we do with so many things). Simply by training. One doesn't need to have an explicit model that makes sense. And when many people start acting on a certain signal (even if it's not based on a proper model and it doesn't make sense), the very fact that a significant part of the actors take that signal into account creates a self fulfilling prophecy. So yes, that may very well constitute an exploitable pattern.
That was the point I was trying to make. I believe "chartism"/TA is more than just a self-fulfilling prophecy, but there is some self-fulfilling aspect to it, mainly in the form of the exact points of resistance/support.
What I mean is: Some combination of signals tells traders "market is bearish, even though we're currently going up" (the non circular part of TA). Next question, where exactly to go short? "Hm, let's say DSMA50. Seems like a good place as any." After the first few sell at exactly that point, it becomes a "point of heavy resistance" (the circular part of TA).
/my 2 crackpot cents
I am not a TA expert, but my take on TA is that in order to be successful it has to describe/utilize human valuation psychology (and the bugs and quirks therein).
If that's the case, given that the human brain has a memory function, and thus has been 'trained' by prior price action, it makes sense that your price prediction signals could vary over time as well, no?
I generally think of market price movements in terms of the madness and delusion of crowds, rather than the actions of lots of individuals. Does the mob have a memory?
1328.
Post 10789779 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
Still mostly long, still undecided where we're heading in the near to mid future. In the simplest terms, there's a strong case for the bears in that the move from Jan looks very much not impulsive (volume wise, and probably also by EW - which I don't really practice though), and there's a strong case for the bulls in that the early Jan capitulation looked very convincing (volume wise again), that we broke a number of long standing resistances (MAs and TLs), and finally that so far, the market seems to shake off any attempt to induce panic selling. If that sounds rather unhelpful, you're entirely right, but that's all I got :/
I have a distinct memory in december 2013 of wishing I had been granted a little more time to accumulate coins before the rapid move upwards. I have now accumulated a lot more so that wish has come true. I could have had a
lot more but I suspect most people on here were surprised by the length and depth of the bear market in 2014.
I personally am a little bit sceptical we immediately go into bull mode. The January low seems legitimate in terms of being a high volume crash and subsequent reversal though a lot depends on where the price settles in the coming weeks. I expect range trading around this level until some major news later this year or the halving gets close enough to stimulate a FOMO rally. But I didn't predict the last bull run either :p
1329.
Post 10790012 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
This kind of growth happened before. The 3-5 big bulls of bitcoins history have all been in that range %-wize. So its endeed possible. Only time will tell. As it is now, everything looks like we are in an bull marked and the boom is on in a matter of days.
The market has very little resemblance to how it was during previous price explosions. Anyone basing anything off historical data got their posterior handed to them over the last year or so.
If BTC was five hundred years old then old data is worth listening to. Right now it's all being made up as we go along.
Uncertainty is the only constant.
But this year will be a lot more fun if the price breaks out of the log downtrend definitively, even if just to float around for the rest of the year. The market needs to know what a bitcoin is worth - 1200, 160 or somewhere in between
1330.
Post 10790784 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
I dont margin trade and use obscure exchanges like bitfinex.
already did on bitfinex in 295 range few days ago...
LOL pwnage.
lel
if you are quoting me try not to miss some post in between.
...
come on bulls, push it a little bit higher, dont disappoint me now.
Did you close your short you opened at 295?
1331.
Post 10791515 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
NLC probably banned for paedophilia references..
Long interest falling now 0.09%
Next an attack on 300.
To the guy shorting because sentiment is bullish - how would that have worked out in 2014?
1332.
Post 10791859 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
NLC probably banned for paedophilia references..
Long interest falling now 0.09%
Next an attack on 300.
To the guy shorting because sentiment is bullish - how would that have worked out in 2014?
in april 2014, swimmingly... Dec 2014, even better.
you miss the point about the fact that
at the peak of a bubble, the sentiment is at it's maximum. This occurs just before everyone falls off a cliff together all hugging and telling each other how great they are
my motivation to short is not just about betting against the bulls, but anyways...
The thing is you have to wait until the bullish sentiment is crazy ripe.
Otherwise you'll simply sell too soon...
Look at the 1w chart on bitstamp and point out any bubble we are experiencing. Trying to play the contrarian by betting against forum sentiment can work. But betting against positive sentiment after a 14 month bear market when the price isnt even out of the long term log down trend seems..risky.
1333.
Post 10792430 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
so what do you think guys, will we see $300 this week?
There's still a chance this could break down and fill in below $280, which opens the door to breaking the rising bottom trendline at $260. However this is not what I think will happen (but many chartists are calling for it).
If you're not already in now, the lower risk trade would be to go long after $300 is broken and becomes support, confirming the break.
how much room do you think there is for a cascading effect of long margin calls if it breaks down to 260ish? This is basically what I'm betting on. Majority of bids in between 255-271, after that, re assess. Otherwise join the bulls above 305 and CCMF for a moment.
Could be right..bidside thin right now. I doubt we drop below 280's tbh..
1334.
Post 10792903 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
There is a lot of room for a long squeeze/over 22mil in longs about 4-5 mill more than *average* . At this price its ~17k btc. Have a look at the books and make your mind up.
Come again?
1335.
Post 10793019 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
I can tell you that from march the 10th (min price 289 $) till today there were more than 2.5 mil of new longs opened.
they are paying very high interest rates (more than 0.08 % a day).
so going sideways and staying below 300 is putting a lot of pressure on them.
what is going to happens first? Moon or everyone get margin trapped and forced to dump?
So far they have paid 0.5% of 2.5 million in interest. A whopping 12,500 dollars. Pressure?
We may well dip you could be right. But we are nowhere near a long squeeze and most of those longs are in the money.
1336.
Post 10794711 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.04h):
10.000 USD pr coin is what I would say is the real bitcoin price, if the market was fully informed. I think a lot will happen soon, and definitely the prices should be between 1000 and 10000 soon... with the 2500-5000 an more realistic range of the next bull market.
10,000 USD per coin, would make bitcoin only 0.18% of the global money supply (M2). I think this magic currency has the potential to play a much bigger role in global economics
This is exactly why we are still in infancy of the bitcoin history. Its like we still play in the sandbox at the kindergarten. Max Keisers prediction of 1 million dollar pr Bitcoin is worth thinking about on a daily basis. Its just a matter of time. I would say 10.000 dollar pr Bitcoin is the true value by now! With realistic result of this bull market hitting between 2500-5000 USD.
The transformation to the free world, will be very interesting in the next bulls of Bitcoin, as more people will be freed from the evil masters and this will contribute till even more people get freed...
sorry I got back in the Matrix metaphor, that I have not used for years, as people around me got tired of listening to them in 2004-2007, but now they are very relevant in these days, as it happens in a very real maner with bitcoin as the tool.
Thank you for the clip!! makes me feel less alone... you know people around me think I am crasy for loving Bitcoins, by the way anybody have the same problem???
We all love btc. Even the bears and trolls. Especially them :p
1337.
Post 10798050 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Surprised noone is mentioning Rakuten..
1338.
Post 10801089 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Interesting day. Bitcoin sat in the 290's feeling like it is on the edge of a precipice in a sea of good news.
Bears afraid to short. Bulls afraid to surge through the last few thousand coins to 300.
Two months ago this would have meant a massive increase in shorting and a dispiriting waterfall lower.
Which way do we go!
1339.
Post 10801122 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Now would be an excellent time for a Loaded smiley.
1340.
Post 10801528 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Not much follow through selling so far..
Hope you aren't getting bear trapped
1341.
Post 10801657 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
yeah I got pretty emo reading that, I've known lophie as a community member whose posts I respect for some time so good to see older members getting something back. What is annoying is the number of scams that over balance the scales when it comes to this sort of thing...
There is a really cute thread somewhere a while back started by a kid raising money for his dog to have an operation. The potential donors were quite rigorous requesting proof, and ultimately a few guys covered the entire costs and there's now a nice trail of photos and heart warming thank you posts and such
Wow. That nearly brought a tear to my eye. Wish I had known about the thread realtime.
1342.
Post 10802119 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
This is pretty dull
Ok, who woke-up the dumpers?
nobody.
longs closing.
Indeed. It's become fairly clear that we won't break out past $300 anytime soon.
ha
1343.
Post 10802712 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
So we are down 5 dollars and there seems to be a real lack of selling and no increased shorting.
The reason? Retail has been burnt several times already since 230's (just ask tarmi). The bear market 'short all rallies' approach isn't the sure thing it was for the last few months - in fact a single whale can push us up at any time - and this will be accompanied by the legion of bitcoin buying if we pass 300.
Sure the long interest has risen but lets be clear it isn't unduly high by any objective measure based upon the last year.
Furthermore most of the borrowed USD is in the money and therefore not at risk of a 'squeeze' or at worry of being too expensive to maintain the position (0.7% a week after a 30% gain!).
We may drop a bit though i'm not seeing it yet. Where is the heavy speculator increased in shorting?
But short away
gamblers!
1344.
Post 10802969 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
First chart prediction for a while*:
*especially for you dump3r.
1345.
Post 10803365 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
You think we will go below 250?
Wouldn't surprise me. The log downtrend line is falling rapidly. We just have to float here and we will break it in the next few months.
Meanwhile heavy selling pressure has gone. And transactions are..
Whilst people say bitcoin isn't gaining ground (and breaking through the penultimate ATH was a hit no doubt) google trends show steady growth..
Short term predictions of market movements is a mug's game. But with companies dumping 100,000,000 dollars into stealth startups and US banks forming bitcoin alliances, former JPM commodities managers entering the space, US regulated exchanges coming on board - +/- ETF along with a halving next year, I see no reason to abandon ship. I think we have at least one last bubble left and bitcoin is cheap here.
Just over 20,000 people worldwide buying 5 coins a month can swallow the entire mining supply even now. When the next halving happens do you think there will be more or less people buying bitcoin?
1346.
Post 10803448 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
I think we will go down to about 265-270 but not 250... going down to 250 would be pretty bearish
I prefer to play the long game and except for really extreme market movements I will just accumulate until the next halving.
Edit: right enough bitcoin watching, real life beckons..come on bears!
1347.
Post 10803578 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
I wouldnt bet on the next halving.
I think that the next halving will cut the miners in half and bring more centralization, not bigger prices.
also, this isnt about bears, but delusional bulls who think that we have capitulated. they are cutting their expensive longs right now.
bears are in hibernation and waiting patiently.
A further 750 shorts threw in the towel in the last 24 hours. Broadly the same in dollar terms as the longs who closed their positions. Update on your position tarmi?
That chart is an illusion though.
Transaction volume measured in USD has stagnated.
This is more interesting. Like google trends chart if you look at the baseline daily transaction volume in USD it is broadly climbing after each bubble. Daily USD transaction volumes were roughly double in 2014 what they were in 2013. And that is despite the price crashing from 1200 to 280. It is common knowledge that bitcoiners hoard during price falls and spend during rises. So that is pretty impressive in itself.
1348.
Post 10806105 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
how's your longs doing bulls?
Farther in the green than your shorts. Much farther if you only shorted in the 290s.
you didnt lock your profits?
good. I will make more money.
Ha. Your imaginary profits are going through the roof!
1349.
Post 10807854 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Evolution dark net market admins have just run off with the users money. 43k btc. Still feeling super bullish everyone?
Did you predict that with your TA?
1350.
Post 10807864 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Evolution dark net market admins have just run off with the users money. 43k btc. Still feeling super bullish everyone?
Sheep 2.0
Almost makes one want to set up a dark net marketplace
1351.
Post 10808036 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
I wonder if that slow and steady and persistent grind down so familiar from last year is returning. Way too early to tell, sure hope not. But bear market rallies tend to be rather deceptive.
Way to early to tell. I agree. A pullback into the 260's or 270's is healthy. We were unlikely to have yet another green weekly candle
1352.
Post 10812821 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Sweet, I can buy much more then too
Our internal indicators are flashing. Guess I would be buying right now.
my internal indicators are flashing too.
"poor trader" warning is issued.
Nice healthy pullback.
What is interesting is that shorters are closing contracts not longs. So the big sells driving this are actual coins being sold rather than closed leveraged longs. Seems like a short term dip.
Tarmi have you finally made some money on this 20 dollar move? Does it make up for your recent disasters?
1353.
Post 10812987 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
...
Nice healthy pullback.
...
I suspect the pullbacks will only get healthier as more & more Bitcoiners realize their magik tokens are worthless for buying drugs.
There's simply not enough demand for terrorists and child pornography to support Bitcoin's current price.
Or is there?
How long until you get this account (created on the same day as NLC) banned for droning on about child pornography, too?
Telling that you have returned to post on the only price weakness for weeks. This place was far friendlier
with without you in it.
In the real world being
an unpleasant sinister piece of work disliked somewhere means you stay away. Take the hint.
1354.
Post 10813144 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
The UK Treasury has released its latest report on the Bitcoin/crypto (haven't had a chance to read it yet though):
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/414040/digital_currencies_response_to_call_for_information_final_changes.pdfAnd a token mention of Bitcoin hidden away in the
2015 budget report:
2.215 Digital Currencies - The government is today announcing its intention to apply anti-money laundering regulation to digital currency exchanges in the UK, to support innovation and prevent criminal use. The government is also launching a new research initiative which will bring together the research councils, Alan Turing Institute and Digital Catapult with industry in order to address the research opportunities and challenges for digital currency technology, and will increase research funding in this area by Ģ10 million to support this. Finally, the government will work with the British Standards Institution and the digital currency industry to develop voluntary standards for consumer protection.
Just skimmed through. Positive noises and burblings. AML for exchanges will not rock the boat. The absence of anything encouraging banks to accept bitcoin companies, despite that being a major concern in the previous release, is unsurprising...
1355.
Post 10814330 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Price down 4 more dollars. Hold me.
This move is over done already
Edit; how many thousands of coins dumped..down twenty five dollars :p
1356.
Post 10814559 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Price down 4 more dollars. Hold me.
This move is over done already
Edit; how many thousands of coins dumped..down twenty five dollars :p
Why do bulltards always prefer to use $ instead of using % the lower we get???
We seem to be considerably higher than last month in % terms.
Doubt the bears can go much further. We get our red candle to break the previous run. Then we can try again at 300.
1357.
Post 10814690 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Well you bears had to ruin all the run.
My stop sell was triggered while I attempted to grab a little sleep--in it for the downside now.
As many coins to drop 8 dollars as it takes to go back to 296..
1358.
Post 10817155 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Slightly more ferocious sell off than I was expecting, though a pullback was pretty obvious in the short term.
Seems opportunistic based on expectation of fear driven by the news, which ultimately IMO will have no effect on the price.
Quick recovery or sideways into the rapidly falling log trend line? Either is fine by me
Keep selling bears!
1359.
Post 10817810 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
130k coins lol. Bloody thieves
1360.
Post 10820676 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Countdown to the estimated coin loss from this theft to be reduced from 130k to something reasonable with blockchain analysis?
1361.
Post 10820960 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
hello bulls.
I see you are opening longs like mad. good, good. the more you open the harder the fall will be.
Whilst long interest continues to rise. There are 3k new shorts opened on finex.
What if the long's havent surrendered because they know something is to be announced shortly. What happens if gemini launches?
Edit: just noticed I am a hero member
1362.
Post 10823223 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Alohar!!
http://www.techtimes.com/articles/34023/20150219/alohar-mobile-security-authentication.htm (security is going to go beyond traditional biometric profiling ^^, for instance using machine learning to learn from the data collected by our devices and using that to build far more complex identification verification models from that data... going to be listening to our heartbeats eventually no doubt too, incidentally our phones will also turn into onboard doctors, as well as onboard policemen)
Very true. I remember reading somewhere about a device that was already able to monitor an individual's ECG waves as they are even more unique than fingerprints. This stuff is being created as we type.
Yep, the ecg thing is being developed by a UK bank.
Ha. Very droll.
Edit: personally I think it is very healthy that shorters are getting back in the game here.
1363.
Post 10823541 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
In the assumption that a bear's wish is to see a bull in despair, then why don't bears want another 10X exponential spike? Surely, bears would take the most pleasure the harder the fall, and they can stand to make more money on the way down as well.
Bears want early gratification. Bulls are happy to accumulate positions over years
Bulls around from early years? Most rich.
Bears around from early years? Edward50, XiaoXiao, Kwukduck, Nagle - not rich but sticking to their guns - bitcoin is going to single digits!!
1364.
Post 10823638 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Steady drip drip drip buying on finex.
The opposite was taking place a few months ago after a heavy whale dump in reaction to news.
1365.
Post 10823883 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Walls on finex shrivelling with very low volume melt up..battle soon.
1366.
Post 10824032 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Maybe they're bitter they missed out on being early adopters.
I think the clincher is that they were screaming doom when it was a few dollars or less only to witness it blowing up around them. That's not going to be very good for the average soul.
Imagine being aware of BTC when it was 20 USD or less, being a member here & slating BTC saying it was shit & would go to 0, don't buy many/any coins & miss out on tens of thousands of dollars if not more.
Try 2 dollars in the names I quoted..
1367.
Post 10824058 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
I see some people are talking about bears and bulls? What the heck does this have to do with bitcoin anyhow? I'm a total newb by the way....
In stocks there are "bear markets" and "bull markets."
For an over simplified description:
Bears are pessimists
Bulls are optimists
Bears believe the price is going down
Bulls believe the price is going up
Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding. Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.
Because it is the way you make money in a bear market like this one for 16 months?
Follow the trend and make money. Don't fight against it.
I get that. Taking advantage of the trend is smart, if you have the ability to do so. But when the price starts to swing the other direction do these same people become "bulls" or do they just stay "bears?" I have respect for those that are bears in a bear market and bulls in a bull market and have the wisdom to see which market we are actually in!
Of course they become bulls but lets not forget we're in an overall 15 month long downtrend. Each time making lower highs. $315 was the top of the "coinbase pump" if we go down from here its still a bear market imo after not convincingly breaking $300 and retesting the previous bottom is not out of the question. Anyone who tells you thats impossible are the same people saying we could never go below
400300 200. People would make so much more money if they didn't fight the trend. Yesterday was an epic day, profits were over 300%. Just ride the trend and don't sit there staring at the screen wondering why.
Yesterday was black swan news driven. Technicals were overbought but you had no idea that would happen. Show off your profits though
1368.
Post 10824088 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Maybe they're bitter they missed out on being early adopters.
I think the clincher is that they were screaming doom when it was a few dollars or less only to witness it blowing up around them. That's not going to be very good for the average soul.
Imagine being aware of BTC when it was 20 USD or less, being a member here & slating BTC saying it was shit & would go to 0, don't buy many/any coins & miss out on tens of thousands of dollars if not more.
Owch.
I'm not going to lie.
I've built up a pretty good stash of coins in the 'nearly a year' that I've been accumulating.
I'm a HODLER, I've never sold anything but I am at least a 35% loss right now maybe more (on todays price).
It's pretty much all in cold storage, praying & hoping it's my lottery ticket one day
As long as you know the risk and can do without the money then relax and enjoy the
gut wrenching volatility ride.
1369.
Post 10824308 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
I see some people are talking about bears and bulls? What the heck does this have to do with bitcoin anyhow? I'm a total newb by the way....
In stocks there are "bear markets" and "bull markets."
For an over simplified description:
Bears are pessimists
Bulls are optimists
Bears believe the price is going down
Bulls believe the price is going up
Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding. Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.
Because it is the way you make money in a bear market like this one for 16 months?
Follow the trend and make money. Don't fight against it.
I get that. Taking advantage of the trend is smart, if you have the ability to do so. But when the price starts to swing the other direction do these same people become "bulls" or do they just stay "bears?" I have respect for those that are bears in a bear market and bulls in a bull market and have the wisdom to see which market we are actually in!
Of course they become bulls but lets not forget we're in an overall 15 month long downtrend. Each time making lower highs. $315 was the top of the "coinbase pump" if we go down from here its still a bear market imo after not convincingly breaking $300 and retesting the previous bottom is not out of the question. Anyone who tells you thats impossible are the same people saying we could never go below
400300 200. People would make so much more money if they didn't fight the trend. Yesterday was an epic day, profits were over 300%. Just ride the trend and don't sit there staring at the screen wondering why.
Yesterday was black swan news driven. Technicals were overbought but you had no idea that would happen. Show off your profits though
The 'news' was just the grease for the wheels, its not like these guys were dumping thousands of coins and that's what bought it down. The market was ready for a drop, too much hopium and too many leveraged longs. Was saying for days before we were going down so actually yes did know it was going to happen. Would have at least thought longs would come down but nope we just keep piling them on. Bulls were out of steam and couldn't even break past $300. We're at ~1/5 of the ath and couldn't even break $300 that's a sad state of affairs particularly as were in a bull market now, right? You think I like $50 drops, even if my profits were that on my trading stash my fiat value still took a huge hit.
Sure i said it was overbought. Even i said the day before we would probably dip to the 250's. Clearly the drop was just whales dropping the hammer trying to encourage a cascading waterfall.
What is interesting is that bulls havent thrown in the towel. My guess is they never will and are using bitcoin as collateral for long positions - probably miners. In my mind this is the reason why even at the worst sell off I have ever witnessed down to 160 on finex the long interest failed to collapse.
Shorters are loading up again and will drive us back up into the next assault on 300..and the log downtrend line which lurches towards us with every day we sit in this range. Next price positive good news will propel us through IMO.
Until we break the log downtrend line we wont get a lot of technical traders jumping on board - that is when i consider us in a bull market (bitcoin style).
1370.
Post 10824384 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Monkey thinks price will be downish until Monday-Wednesday turn starts a steady upward move, but 250 will hold the bottom.
Nice to see yourself and Mr. Monkey back again
I concur!
1371.
Post 10824425 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Until we break the log downtrend line we wont get a lot of technical traders jumping on board - that is when i consider us in a bull market (bitcoin style).
Where is that right now?
336 by my reckoning. It arcs down to our current price in June 2015, and 200 by October 2015.
1372.
Post 10825313 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
For those of us that have been through a couple Bitcoin bubbles, we know how crazy fast the price can rise when it finally decides to do so. I believe it is more painful to miss out on that than just riding out these crashes, or equally so.
But price is not some magical thing that does whatever it wants.
Past bubble happened because people wired millions and millions on exchanges and you were clearly able to see it, among other things.
If price is about to go in a bubble you will be able to tell.
This time around it looks like nobody gives a flying fuck tho. At least for now.
$14-15M in bids currently on bistamp, bitfinex, btc-e, okcoin, huobi, btcchina, okcoin and coinbase ($75M from NSYE!!!11!) combined, and still relentlessly going down.
3600 coins mined a day (almost $1M a day at current prices) and
still 2 years of that shit.Marketcap at $3.5-4 billion.
Why are you posting pictures of exchanges who have 1) no users after a hack (of course people aren't wiring money there) and 2) a small no fee Chinese exchange with fake volume (virtually no real volume when the volume bot turned off)?
Why do you insist on comparing bidsum volume at the end of the longest bitcoin bear market with the heights of the biggest bubble bitcoin has ever experienced?
Edit: and how do you know how much money is sat on exchanges but not on the orderbook? Point us at a post where you predicted the november 2013 bubble!
Edit2: Oh and if diff remains the same as today it will be july 2016 til the next halving..so 1 year 4 months
1373.
Post 10826245 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
bitfinex order book is looking really bad.
3 k till 230.
if we go under 210 sell everything.
Yet it refuses to go any lower! I know you're probably extremely short right now, possible on margin, but I hope you've set your stops accordingly...
wake up dude, someone is just waiting for bids to refill.
I shorted this as mofo in 290+ range, so I dont really need to place stops.
Just a whale selling down the order book to scare longs into closing.
You still got your shorts from 230 open?
Edit: bull whales are waiting to enter.
1374.
Post 10826286 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
People told tarmi that he better should close his shorts near 280$ when he shorted @ 295$ coz short squeeze incomin..... They still call him a troll....
You are a troll.
Tarmi just posts his winning trades and talks his book. He gets angry when the price rises and never mentions his losing trades..but we know the truth
1375.
Post 10826822 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Love that enormous buy lol. Volatile!!
1376.
Post 10828079 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
so let me get this straight, 700k went long on that spike to 269.5 on finex, and at about the same time 450k went short. I guess one could well have been in response to another. It looks like the long was a margin buy, did anyone see it?
There was a 5k wall placed at 250, minutes later it broke up into staggered walls, seconds later it looked like all 5k plowed into the asks.
you are not telling it right.
someone borrowed another 1.3 mil, flashed it with a massive buy wall on 250, a lot of lemmings and whale kamikaze bought a lot of short positions.
that's it.
so it wasn't the spike to 269.5? or if it was, maybe a mis-click?
the spike were the noobs buying and going all in on leverage.
Noobs dont buy 7k coins. Stopped the selloff eh? One more of them and we would have instaspiked to 300.
1377.
Post 10828944 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Interesting times but tarmi is in bed or ghost like I'd expect. tarmi ran his mouth earlier and had many peeps thinking we're going down but it's only casually went up. Any thoughts on things going south or his sho*t going north?
Tarmi just talks his book. Good luck to him.
Leveraged longs up to 23 million dollars. But shorts up hugely today to 19000 contracts.
I agree with tzupy we could easily get another 5 or even 8 million USD long interest as happened in July 2014. So a squeeze may not materialise.
Today has shown bull whale can stop bear whale if needed. The price is at the mercy of big players. Whoever bought 7k btc earlier could easily have bought 14k. It makes you wonder about timing though. A far smaller buy when the price was 264 earlier today would have propelled us back to the 280/290's for less ammo. Perhaps mystery buyer was waiting for sellers to fire first!
1378.
Post 10829062 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Interesting times but tarmi is in bed or ghost like I'd expect. tarmi ran his mouth earlier and had many peeps thinking we're going down but it's only casually went up. Any thoughts on things going south or his sho*t going north?
Tarmi just talks his book. Good luck to him.
Leveraged longs up to 23 million dollars. But shorts up hugely today to 19000 contracts.
I agree with tzupy we could easily get another 5 or even 8 million USD long interest as happened in July 2014. So a squeeze may not materialise.
Today has shown bull whale can stop bear whale if needed. The price is at the mercy of big players. Whoever bought 7k btc earlier could easily have bought 14k. It makes you wonder about timing though. A far smaller buy when the price was 264 earlier today would have propelled us back to the 280/290's for less ammo. Perhaps mystery buyer was waiting for sellers to fire first!
24 hours ago at 252, I asked "buy or dont buy." Noone responded. I ask you tonight Inca at 265, Buy or dont buy??
I never give trading advice. There are times during extreme market moves when it seems obvious. Now isn't one of them
That said I think a retest of 270's is likely after strong buy support and a triple bottom. Though if entering with leverage I would wait for a better entry! If buying for stash go for it
1379.
Post 10830653 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Not looking good...
The ways of Bitcoin ...esp price ...are 'mysterious to me' FML
Yeah longs have gone full retard on finex @ $23,5MM and they brought up the price to like 0.15%/day so longs are paying $35.250 daily just to leverage. And they didn't close or get squeezed as we were going down to $250 but instead were adding to their position. Then shorts jumped up.
i'm at a loss as to wtf is going on but feel like the pressure cooker is only getting hotter and something got to give sooner or later judging strictly by longs most likely down. But in the mean time seems like Finex is the only one making serious money now, leveraged longs buying from leveraged shorts
Yes I am unsure as to what is happening also. Shorts are rising (finally). It is curious that the long's wont capitulate. Either there is a lot more ammo up their sleeves, or some news is about to come out which will drive the price upwards a lot, or they are trapped and will be squeezed.
Something that isn't commented upon often is that you can use BTC as collateral for margin long positions on finex. So you actually don't need USD on the exchange to go long. This means that miners and large holders (say Winklevos) could use their holdings to drive up the price. I wonder if this is why the long interest never drops below 14 million (even after a 90% crash) and may explain the constant imbalance in the long:short interest ratio.
This weekend I am off with some friends away from the interwebs. It is shaping up to be an epic weekend!
1380.
Post 10830734 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
If the current movement continues 2h MACD will cross within the hour (Finex). I say up (
after the Eclipse).
That's not possible, even with sustained buying 2h MACD would need 8h or more to get positive (only divergence is positive now).
The 1h MACD is in the balance, could point direction soon.
Just watching. Bitcoin needs more celestial inspiration!
1381.
Post 10831351 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Who cares how high bid sums are on exchanges, as most new ppl buy Bitcoin via Coinbase, LB of Circle
Good point.
Sadly the exchanges set the price.
1382.
Post 10831464 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Who cares how high bid sums are on exchanges, as most new ppl buy Bitcoin via Coinbase, LB of Circle
Good point.
Sadly the exchanges set the price.
True, but demand will catch up at some point. Back in the Gox days, there were very few options to buy Bitcoin, so the only way was to wire money to exchanges. That could explain the high liquidity back then. Now there are so many options, and that makes it so much harder to try and guess true value. But there must be a turning point eventually, i think thats the reason TA makes less sense these days. Nobody really knows, exchanges are pure speculative
Yep indirect demand will rise if coins are scarce due to buying on localbitcoins and other sites like coinbase and circle.
It is pretty clear that the bitcoin price is set with a fairly small float of coins held by a relatively small number of whale traders. The sooner a regulated US exchange appears with a orderbook depth befitting the market cap of bitcoin the better.
1383.
Post 10831656 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
so, bitcoinlandia...you will let this sneaky bull whale close his underwater longs and usd swaps on low volume? really?
he is getting away with those cheap and fake walls.
bears...this is your chance for cheap coins dont disappoint me like bulls did when they didnt break 300.
What is your prediction for the weekend tarmi?
1384.
Post 10838803 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Bear flag?
(6h bitstamp)
Zoom out.
1385.
Post 10838867 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.05h):
Bear flag?
(6h bitstamp)
Zoom out.
Nice call.
1386.
Post 10848661 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
I think what this price stability shows is that none of the vocal bears on here have enough coins to even push us down a single dollar.
edit: wall at 262 eaten.
1387.
Post 10850010 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
Always in bad taste to linger too long & overstay one's welcome. Besides, your grandkids have already bought you a nice plot.
Oh the irony..
1388.
Post 10850094 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
7 billion mofos on the planet and "eternal life desirable for society?".
U w0t m8?
I think it might even be possible eventually, but definitely not desirable IMHO. Fuck no.
You just indicated yourself that even without eternal life, overpopulation is/ is going to be an issue.Maybe if we know we are going to stay around forever, we'll actually have a strong incentive to figure out a solution for overpopulation.
Anyone not expecting life extension technology to become available in the future is being rather shortsighted.
Ask any old man, say Warren Buffet, if they could trade all their wealth for their youth they would in a heartbeat.
More interesting to me is simulating the human brain. Lots of great Scifi written on that.
1389.
Post 10850150 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
Always in bad taste to linger too long & overstay one's welcome. Besides, your grandkids have already bought you a nice plot.
Oh the irony..
You missed the point. Of course a surgeon's scalpel is unwelcome to a boil, and penicillin is unwanted by the syphilis spirochete.
The doctor must weigh the feelings of boil/spirochete against the general wellbeing of his patient. It's a choice.
I think you missed the point NotLambChop.
In any case, believing technology which could benefit the privileged few will not be developed to preserve the well being of the many is silly. No individual will choose not to have life extension technology, instead they will actively pursue it.
1390.
Post 10850181 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
7 billion mofos on the planet and "eternal life desirable for society?".
U w0t m8?
I think it might even be possible eventually, but definitely not desirable IMHO. Fuck no.
By the way, some species ARE immortal:
https://www.youtube.com/watch?v=eMOkXkw5TKcFact is, there is probably no stopping it.
Besides, having driven across several continents, I can confirm there is more than enough room and empty space. We just need to be more civilised and become better at using resources.
*Slightly* off topic, but this is the global trend here on this wall, so please allow me to express myself:
1. Aging is nothing but degradation of our DNA information via replication of our cells. We happen to age every single second, mind you. When the DNA chain reaches the end, due to the disability of our mechanism to reproduce its cells without errors, we have the telomerase that is nothing more than Poly-A chains to eliminate the duplication errors. During our lifespan, those chains are getting shorter and shorter while the duplication reproduces more "errors" due to lack of them.
TL;DR: More Telomerase = More life.
2. What is life? What is the difference from your life and mine for example? The answer is simple. It's our memories. Memories are stored into our brains via biologic synapses which (in essence) are not very good way to store information. But this is what we got. I presume it won't be hard for next gen (quantum? ) computers to be able to "store" the memories of a person inside their "hard drive". The tech is already here - we now know what our brainwaves look like when we ie: move our hands, that's how scientists are able to produce bionic legs and hands and the person who "wears" them is able to control them via their brains.
3. Evolution NEEDS immortality (or if you prefer infinite lifespan). It's the way that we humans can evolve to better beings and develop our "next" versions. This is feasible right now (in theory) via several ways. I'd say we're in infancy regarding the tech we need to "make it happen" but "we know it's there".
Question is: Will we be here to see it happens? Or some redneck will "press the button" and "restart" the engine? It would be so pity.
And so to the difficult question. How to transfer the mind from the squishy biological substrate we call a brain into a digital form is simply a technological feat. It will be done.
More important (before your quantum mechanical golems arise) is how to do that without simply making a copy and leaving the original human mind trapped in meatspace! That is the point right? Immortality?
1391.
Post 10850225 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
Shorted. No hope. Holding only fiat and few btc only to lav.short
Bears = much ZEN last days
This is the calm before the storm, gentlemen.
As I said before this is the drop before the huge rise
Sounds like hope, not analysis.
Look at 6h EMA.
Sounds like you are short and hope it falls ;p
1392.
Post 10852395 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
Interesting discussions.
FWIW I have reported your posts to the moderators NLC. You need help.
1393.
Post 10854089 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
LFC: It's been sometime I've been in the UK. Maybe if we CCMF more, we'll meet for a pint mate (or 2, or 3, or...
)
If you do venture to England gimme a shout, i'd be up for a pint!
1394.
Post 10854107 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
Checking my post history?! Op sec in this place is pretty tight. Right on!
You registered within two days of NLC..who you clearly are.
Edit: Ignored. Just in case you try and respond.
1395.
Post 10854175 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
Shame we can't ban his IP..
1396.
Post 10854330 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
If mods really gave a shit they would ban his other accounts and reinstitute newbie jail. The tone would improve immediately.
1397.
Post 10856070 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
Message from the mods (one of five today)
A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.
But yet the pedophilia obsessed, troll king is allowed to post and troll with total impunity.
Absolutely hilarious.
In other threads, they'll delete your post for simply agreeing or adding a +1 to a comment, let alone laughing at someone else's post.
Unless you actually add entirely new content, even if you post the same spam repeatedly, you're open to deletion.
They do seem to leave Adam's thread alone though, unless snitches complain.
I do not mind the fact they deleted my post, who cares right? not me really... but it is the fact that the millions of lambys troll posts remain that makes me laugh.
I lol'd when I read that empowering. Haha.
1398.
Post 10875439 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.06h):
Dropped a bit. Long interest not budged by much. Short interest up massively - borrowing rate up 7 fold so far.
Who will blink first?
I do wonder sometimes if the whole thing is a charade. If longs aren't throwing in the towel because it is a few whales who know good news is coming shortly. Retail shorting again is good for adding fire to any surge over the coming weeks. After all the price can only drop to zero, but it can move upwards much further
1399.
Post 10897735 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
It's all going down from here for the next 7-10 days? Could not rebound past 255... market is getting real scared. Small uptrend clearly broken.
Back to 2 dollars where you were famously still bearish on Bitcoin in 2011? Lol.
1400.
Post 10905720 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
Busy for the next month so just dropping in to say just bought more bitcoins. Bit too easy with circle really
EDIT: it just takes 10,000 inca's to buy up the entire mining supply each month. Pretty crazy how small this market is.
1401.
Post 10907057 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
Bears picnic here. Price flat lol.
1402.
Post 10910615 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
In a war of attrition, all you have to do is survive long enough and you'll win.
especially if you are bag holding from 260...
push it a little bit bulls, I am waiting for you.
Quick check: tarmi bleating, price up.
1403.
Post 10910676 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
In a war of attrition, all you have to do is survive long enough and you'll win.
especially if you are bag holding from 260...
push it a little bit bulls, I am waiting for you.
Quick check: tarmi bleating, price up.
I am not sorry, I am thankful.
Thank you bulls.
Meanwhile longs still below 24 million and shorts approaching 24000.
One big market buy and we are right back at 300 territory.
Keep shorting! Bear markets go on forever, right?
1404.
Post 10910700 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
In a war of attrition, all you have to do is survive long enough and you'll win.
especially if you are bag holding from 260...
push it a little bit bulls, I am waiting for you.
Quick check: tarmi bleating, price up.
I am not sorry, I am thankful.
Thank you bulls.
Meanwhile longs still below 24 million and shorts approaching 24000.
One big market buy and we are right back at 300 territory.
Keep shorting! Bear markets go on forever, right?
For ever and ever and ever and ever
The bear fairy tale.
1405.
Post 10910748 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
one buy and we are back in 300 territory!
lel
I mean, seriously dude? bulls had their opportunity like 3 weeks ago and didnt manage to do shit. sorry.
Shorts are up 8k in a week. If that continues then they will soon be at ATH. Yet we are a whopping 45 dollars down from 300. You've seen the lending rate start to creep up?
You never post your trades which means you probably choose to ignore the losing ones. You know 237 to 300. And now again, what, 235 to 300 again?
1406.
Post 10911365 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
one buy and we are back in 300 territory!
lel
I mean, seriously dude? bulls had their opportunity like 3 weeks ago and didnt manage to do shit. sorry.
Shorts are up 8k in a week. If that continues then they will soon be at ATH. Yet we are a whopping 45 dollars down from 300. You've seen the lending rate start to creep up?
You never post your trades which means you probably choose to ignore the losing ones. You know 237 to 300. And now again, what, 235 to 300 again?
You keep mocking and provacating Xiaoxiao and Tarmi for losses (most of them are nothing more than a assumption) but asking you for your own losses (buying all the way down from the ATH) or your never ending false predictions of gigantic bull runs and even more gigantic short squirts, ey squeezes ...
...you maintain your silence, ey?
Sorry I can't sit here all day like you. Real life etc.
Provacating? Nice neologism.
You are partially right. I have been buying heavily since the autumn 2014. Just as I bought heavily in the first half of 2013. Speculative buying is a form of trading, and I am still in the green.
Traders mostly lose. That includes you and everyone else drawing lines on charts. Lines on charts are the reason xiao xiao is penniless rather than a millionaire when the charts looked bearish in 2011.
Good luck to you playing with leverage. You and tarmi keep it up. I'm sure you will be driving Ferraris soon shorting an ultravolatile commodity with virtually unknowable exchange supply and demand (except to market makers or exchange owners), with a history of moving up tenfold in a matter of weeks. Keep shorting after a 14 month bear market because.. A line on a chart points down
1407.
Post 10912084 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
one buy and we are back in 300 territory!
lel
I mean, seriously dude? bulls had their opportunity like 3 weeks ago and didnt manage to do shit. sorry.
Shorts are up 8k in a week. If that continues then they will soon be at ATH. Yet we are a whopping 45 dollars down from 300. You've seen the lending rate start to creep up?
You never post your trades which means you probably choose to ignore the losing ones. You know 237 to 300. And now again, what, 235 to 300 again?
You keep mocking and provacating Xiaoxiao and Tarmi for losses (most of them are nothing more than a assumption) but asking you for your own losses (buying all the way down from the ATH) or your never ending false predictions of gigantic bull runs and even more gigantic short squirts, ey squeezes ...
...you maintain your silence, ey?
Sorry I can't sit here all day like you. Real life etc.
Provacating? Nice neologism.
You are partially right. I have been buying heavily since the autumn 2014. Just as I bought heavily in the first half of 2013. Speculative buying is a form of trading, and I am still in the green.
Traders mostly lose. That includes you and everyone else drawing lines on charts. Lines on charts are the reason xiao xiao is penniless rather than a millionaire when the charts looked bearish in 2011.
Good luck to you playing with leverage. You and tarmi keep it up. I'm sure you will be driving Ferraris soon shorting an ultravolatile commodity with virtually unknowable exchange supply and demand (except to market makers or exchange owners), with a history of moving up tenfold in a matter of weeks. Keep shorting after a 14 month bear market because.. A line on a chart points down
Your description of "using lines on a chart", "charts were bearish in 2011" shows that you have a superficial understanding of TA or trading.
As always, the "most traders lose money" narrative is an excuse for people who are clueless about how trading is supposed to be done.
Let's be clear, there is absolutely nothing wrong with that, if that's not your style and you don't feel like stressing yourself with the act of following charts and learning how to do it. Nothing wrong. The problem is judging something you don't know much about.
You keep making assumptions about posters here and try to use that in some vague way to show that with trading people will lose in the long run.
Truth is, trading BTC today (that the market has matured a little bit from the more wild early days) is fairly easy for people who know what they are doing (and you don't need to be a professional or whatever) and don't overtrade.
As an example, somebody who started in 2013 with your amount of capital (how much it is I don't know but doesn't matter) would probably be sitting on something like 10X or more the amount of coins/fiat you have right now if he would have incorporated simple and basic trading tools in his investment strategy.
Again, I get that it is not your style, you don't have time to learn or to do it (although it doesn't take that much tbh) etc and that's perfectly fine, but please stop talking about TA and trading as if you knew what they are about. That's all I'm asking.
One aspect of what you write is true. I am a successful professional in a highly competitive and fairly lucrative field (compared to average Joe, excluding financial services!). I simply don't have time to do much else than check wisdom or post on here from time to time.
You seem to have a fairly clear misunderstanding of what trading is. It isn't feeling clever trading leverage (x3 or x20 etc). Sure I mock you by saying 'line on a chart' because TA is certainly not a science, nor reproducible for two people on masterluc's thread, let alone the 20 somethings posting on here, with any success.
Trading is about buying low and selling higher for profit. Not churning out hundreds of trades and going bust when the market sneezes. I like many bulls am deliberately accumulating like I did in 2013 in expectation of significantly higher prices. I may be wrong. If I am my life is the same.
There is resistance on this forum to anyone who is bullish on bitcoin as a commodity ('bulltard'). Purely because of a protracted bear market. You guys have forgotten what bitcoin is and what it may do in the future.
You focus on the fact the price is below the ATH price as if this really matters in the context of the coin supply exponentially drying up.
The largest holders (real players) are accumulating and this can be seen looking at the top 100 or 500 addresses. When they start selling perhaps you might be on to something. But I see a nascent digital commodity currency with inelastic gold like properties, counting down to the next halving of supply, whilst VC's are funding and stealth funding the space to the tune of 100's of million dollars every few months. Wall street is inching towards allowing normal investors to buy in through exchange traded funds. Legislation in the financial capital of the developed world is shortly to be announced for bitcoin.
You would have to be blind not to see the next rally is coming.
1408.
Post 10919003 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
Bitcoin market sold lower on finex on a Sunday morning by 8 dollars.
Hilarious watching the usual suspects desperately trying to whip up some fear and panic.
Hey NHJT, derp, tarmi - why not post your trades so we can learn from you!
1409.
Post 10919244 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
Apparently some bad trader went full retard leveraged long.
Ah, holding an opposing position to you makes them a retard?
I would guess most of the madskillz trad3rs on here are teens or college kids.
1410.
Post 10919413 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
Apparently some bad trader went full retard leveraged long.
Ah, holding an opposing position to you makes them a retard?
I would guess most of the madskillz trad3rs on here are teens or college kids.
Lol m8, ignoring the obvious things is foolish, someone say "retard". Calling those people who do see the real market direction "kids" instead of researching why they have been warning about sub 200$ for weeks is wise m8, no shit.
Oh dear it seems you are a British kid.
Just post your last and current trade (stops included of course) and perhaps someone will listen.
1411.
Post 10923319 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
Still waiting for you to post your trades tarmi. Shouldn't be a problem for someone with your acumen reading the market.
1412.
Post 10924482 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
<troll crap>
Lots of talk on here. None of you seem able to actually move the price downwards.
1413.
Post 10924727 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
Just gonna.. post this here. More in reference to the bull-trolls. This guy here lost everything on a leveraged trade. Ouch
Because people only lose going leveraged long, right? Oh wait..
Anyone using leverage knows the risks, especially the whales who are currently 25 million USD long right now on Finex.
They might be long squeezed. But it certainly won't occur because of any of you. Keep yapping.
1414.
Post 10924807 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.07h):
Nobody cares about the GBTC.
Only the bulls who are praying for a pump.
lel
I pity those fools who bought that shit. they are bag holding it and cant even sell it.
too funny.
ėf anything the GBTC 'ting is driving the price further down. ^^
It makes sense, there is potentially more than 130k blocked coins offered to the market (they were banned from selling for over a year). I don't see any significant rally until seized coins are sold + Mtgox gets resolved or next halving comes to play.
Ah, you foresaw the previous rallies, right?
1415.
Post 10930871 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
I don't know why you are asking these shrimps to provide doom. They have already long since shot their loads and have no ability to move the market. They are helpless, floating back and forth with each wave.
If tarmi could do anything other than squawk on here he would have done it long ago.
The longer the price fails to collapse the higher the short interest and swap rates creep. What he fails to mention is the run to 300 took place with low numbers of shorts.
Now there are 12k additional shorts opened between 270 and 236.
Cutting all the TA BS away on here the bitcoin market can be simplified to just: price leads sentiment. That's it. It doesn't matter how bearish traders are - one or two large market buys to devastate the ask side of the order book and 300 would fall quickly.
Keep shorting retail. Bitcoin was valued much higher than this for the entire preceding 12 months, but don't worry you know best because: 'lines on a chart'!
1416.
Post 10930988 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
I don't know why you are asking these shrimps to provide doom. They have already long since shot their loads and have no ability to move the market. They are helpless, floating back and forth with each wave.
If tarmi could do anything other than squawk on here he would have done it long ago.
The longer the price fails to collapse the higher the short interest and swap rates creep. What he fails to mention is the run to 300 took place with low numbers of shorts.
Now there are 12k additional shorts opened between 270 and 236.
Cutting all the TA BS away on here the bitcoin market can be simplified to just: price leads sentiment. That's it. It doesn't matter how bearish traders are - one or two large market buys to devastate the ask side of the order book and 300 would fall quickly.
Keep shorting retail. Bitcoin was valued much higher than this for the entire preceding 12 months, but don't worry you know best because: 'lines on a chart'!
Lol, because Karpeles pumped it with Willy the bot using non existing dollars :-D
Excellent.
The only problems with this theory are:
1) no proof
2) China
3) the rally was driven by China
4) did I mention China?
5) China
But apart from that you got it!
1417.
Post 10931122 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
time to short...
Well since you refuse to post your
losing winning trades to confirm your uber l33t trading skillz we can mark this as a confirmed trade recommendation.
Tarmi sell 246.
Let's see.
1418.
Post 10931394 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Just ordered a mycelium entropy. Looks cool.
1419.
Post 10933264 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
lol @ the mini pump up to 248$
You mean 250?
1420.
Post 10933464 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Looks like a double bottom is formed @$236
I think we could call this a pump if stamp passes $250 again.
Next wall is @252. I don't think it will hold though. The bids are rising...
Somebody knows something we don't?Almost certainly.
1421.
Post 10933480 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Looks like a double bottom is formed @$236
I think we could call this a pump if stamp passes $250 again.
Next wall is @252. I don't think it will hold though. The bids are rising... Somebody knows something we don't?
how about people know bitcoin isnt going anywhere short term?
Whales with 25 million dollars on finex think different. But 'the line of the chart points down' right? lol.
1422.
Post 10934387 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
B-b-b-but double digit coins......
You don't really think that a minor correction wave will save you from double digits.
Oh....yes, you think!!
I think double digit coins are a laughable notion now.
I'll sell my account for a few satoshi's if it happens.
Oh dude. Seriously, you don't know what you are saying.
Let me say one thing, out of pity and without any trollish aspects:
I know you will not sell and I respect this . I'm even not interested in that you sell or not, the market decides where to go - and all bearish outlooks from us bears will not even move the market 5$ lower - same for the bullish side.
But I read your reactions, on the last heavy leg down to ~160$ and you are even now in a loss-making business. At least prepare yourself for this (from your perspective) practically impossible event. If you will not prepare yourself, and the impossible event becomes true, you'll probably sell the bottom.
Btw.
This will very likely bounce higher.
Concern trolling at its best..
If the price returns to 160 (and that is a big if) then I will just buy a bunch more like last time. So will everyone else meaning the price probably won't get close. Let's face it you needed the 2nd biggest dark net market to close in a massive theft when the price was near 300 to move the price down and even then it has only dropped 40 bucks. You think holders are going to dump now after weathering 1200 to 160? Everyone and their dog is accumulating while you clowns sh0rt
It is up to you to provide a credible reason why after an 85% decline from the previous all time high, after record stealth and public infrastructure VC funding, on the verge of US regulated exchanges opening, with US NYC regulation literally around the corner, that bitcoin will drop down further to 95 or 98% from the previous high.
And no, saying 'look at the pretty picture i drew, the line points down!!!1!! lel' ain't going to cut it.
1423.
Post 10934556 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Or are you trying to be my first real ignore? Troll away, cunt!
So your credible argument for justifying further price falls is to call me a cunt.
Welcome back to ignore (what was I thinking letting you lot out of your ignore boxes).
1424.
Post 10934655 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
For me, the worst "trolling" here are posts permabulls about incoming big rise, big btc value, buy-hold tactic and about AT as a bullshit.
That posting is
dangerous in my opinion, because noobs read it and think that the only thing you should do in btc trading is buy and hold and dream about huge rise.
That tactic was good in 2012... 2013... but ffs we're after 3 bubbles and now market is really strong bear and to trade btc you should learn some chart reading and have some another tactic than buy-hold. Now it's market like others...
So permabulls posting is pure trolling for me. Moon soon, small news = big news, just buy, hold, yeah, sure. I can see this permabull tactic since btc @1000btc.
Where're those victims of
permabull btc-buzz who bought at 1000$? 700$? maybe at Moon lol.
You think encouraging newbies to become speculators, to trade with leverage and use TA is a good advice? Hmm.
1425.
Post 10943280 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
I think he means a setting for newbie jail.
That would be most welcome.
Theymos please reinstitute newbie jail!
1426.
Post 10943908 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
You keep prattling on and newbie jail will be instituted because of you. Keep up the twoddle.
1427.
Post 10951350 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Bitcoin News April 1
Greek PM May Adopt Bitcoin
buy buy buy! 300 here we come!
leeeel
how will they adopt it if they are broke? with monopoly money?
States never go broke.
I would be surprised if greece ever default and leave the ruro. More likely is some form of central bank mediated sent jubilee.
1428.
Post 10955501 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Pages and pages of troll rubbish. Price flat.
Meanwhile the slow accumulation of long positions continues. Looking forward to the much awaited announcement finally happening.
1429.
Post 10956291 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Looking forward to hearing tarmi bleat ..
1430.
Post 10956792 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Less than 2k coins to 250 now. Was 4k earlier.
Keep shorting retail.
1431.
Post 10958957 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Love it.
The price falls we are going down.
Price flat, we are about to go down.
Price rises - we are going up just to lure people in before we really start going down.
1432.
Post 10959198 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Love it.
The price falls we are going down.
Price flat, we are about to go down.
Price rises - we are going up just to lure people in before we really start going down.
finally you get it how bear market works.
Bear market finished in January. You'll soon work it out and kick yourself.
1433.
Post 10962040 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Shorts at 24k..
Tarmi about to cry again
1434.
Post 10962360 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Shorts at 24k..
Tarmi about to cry again
And Fresh money is buying, not leveraged loans, its time to become Bull
If you have enough money to go long with 24 million dollars then you probably have enough to just buy the price higher. Let's be real - a single 3 million dollar market buy would take us up and over 300 instantly.
Smart money who know what is coming have been gradually building long positions for weeks, ever since the high volume reversal in January.
Retail is shorting bitcoin almost back to all time high territory in terms of contracts. This always happens to stubborn traders who lose objectivity after being correct for so long when the trend is changing. They get burnt badly.
1435.
Post 10962419 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Shorts at 24k..
Tarmi about to cry again
And Fresh money is buying, not leveraged loans, its time to become Bull
If you have enough money to go long with 24 million dollars
you need a lot of coins that someone probably bought < 10 $ to go long 24 mil.
get it?
those millions are not real.
They are as real as the coins being used to short the price.
1436.
Post 10962540 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
I'm off out for some food and a beer. I guess the shorters can't venture too far from their keyboards
1437.
Post 10962799 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.
The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.
Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).
Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. Thatīs why theyīre called markets I guess.
The ripple network is a distributed ledger system to move fiat currencies instantly, globally, for cheap, kinda like bitcoin but without the drama, the volatiliy, the 0 consumer protection irreversibility, the POW, etc.
The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example), anybody wanting to use the ripple network can give 0 fucks about XRP and its price.
Stop. Focusing. On. The. Friggin. Tokens.
Take your ripple spam elsewhere.
1438.
Post 10962846 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Shorts at 24k..
Tarmi about to cry again
And Fresh money is buying, not leveraged loans, its time to become Bull
How do you know about Fresh money?
Because the amount of USD swaps hasn't gone up appreciably, meaning those coins were probably not bought with leverage.
good.
bulls finally sending some real cash to exchanges to take over those expansive leverage long positions means we are squeezing them.
Your logic here doesn't make sense. If this pattern continues the shorts will actually get squeezed, the longs will not unless we pierce 235 (or lower)
nope. many longs are underwater already.
Why are you not talking about the 10,000 shorts opened up in last two weeks?!
1439.
Post 10963106 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Someone better get buying then. There is still 17,000BTC between here ($2.9) and $3
17k BTC isn't that much. And once we clear the 3$ mark this market is going to enter a free-fall... In a world with reversed gravity that is.
In relative terms, no it's not a lot. But, I couldn't buy 17,000BTC, so to me (and most here I'm sure), that's a lot.
But, I do agree.
If we get past $3, it will take flight.
No it won't. You're all getting played right now. The long, slow slide is going to resume sooner or later. Bitcoin will never, ever reach $32 again, ever. Period. The odds of it ever reaching $5 are so low it's not even worth considering the possibility. This is just the usual blip upward before this market resumes its march to oblivion. I'm sorry to see so many people so easily fooled, again.
Will I be able to quote tarmi like this next year
Yes.
1440.
Post 10963253 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Only two things are infinite, the universe and human stupidity.
do you have access to infinite supply of fiat?
My access is limited only by my working life span. I can keep buying until I am unemployable and maybe even after that.
I am afraid you are limited by your intelligence, not your life span.
Ha. Looking forward to you squealing when the price inexplicably rises
1441.
Post 10963526 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Tarmi will be helping the price to rise by buying bitcoin right about now. Kerching. Closed short positions.
1442.
Post 10963569 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Tarmi will be helping the price to rise by buying bitcoin right about now. Kerching. Closed short positions.
no, I say fuck you. I am opening more.
Emotions not key in this situation.
Only another 23999 contracts left to buy us higher!
1443.
Post 10963638 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Looks like a great start to an organic growth.
Do not ever consider dumping on this one. It will go on like this forever...
You lot already have dumped. Oh and then a further 10,000 borrowed coins you have sold in the last two weeks. Doh!
1444.
Post 10964611 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
This Trojan Bull was filled with Bears...
We'll meet at the bottom, you bunch of failures.
DOOOOOM!
Price up 2%. Keep trolling, fool.
1445.
Post 10964900 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
looks like we are going back down to $240s?
We appear to still be in the 250's with a 1000 coin wall to be sold through..
1446.
Post 10964946 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Today it is a very different landscape. We know the limits of BTC and the blockchain a lot better and new technologies are strating to appear (AND I'M NOT TALKING ABOUT ALTCOINS/SHITCOINS!!!!).
What new technologies are starting to appear?
Distributed ledgers/databases/networks that rely less and less on cryptocurrencies.
Eris industries claims to be able to use blockchains for smart contracts without a cryptotoken at all.
The ripple network doesn't rely on a cryptotoken as much as the bitcoin blockchain, the token is there but is not necessary to use it and the network is not dependent on its price.
Ethereum almost the same (Vitalik as the same views on the cryptotoken themselves)
IBM is talking about building its "adept" thing.
etc.
Simply put, today cryptotokens "are there" because that was the only security mechanism for a blockchain/consensus ledger to work that we know of. Cryptocurrencies are not really needed for themselves and they have a lot of problems that make them almost unusable as actual currencies (aside for illicit goods).
That's my view at least. I definitely don't buy into the whole story on how bitcoin is more "honest/sound money" than fiat, for an infinity of reasons.That's just a fantasy/lie by people trying to push their investment/scheme at all cost.
Simply put, whoever thinks bitcoin will replace all fiat currencies is simply delusional.
Your view is very flawed then. Not sure why you hang around on here if you cannot even see the clear benefits of bitcoin over conventional fiat currency.
1447.
Post 10965292 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
It's going to hilarious once we really get some momentum and start seeing 15 and 20k bid walls again. I'm sure the bear trolls will still be in denial though.
I think there will be crying. Then disappearance.
1448.
Post 10965424 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
It's going to hilarious once we really get some momentum and start seeing 15 and 20k bid walls again. I'm sure the bear trolls will still be in denial though.
where on stamp?
dude, the last dump (to 150) sucked all the real cash out of the system. that came after the first big dump (30 k at 300 $).
now only play money left in the game.
15 k walls will be seen in 100 $ range. till then keep tracking those walls on bitfinex and in china.
You don't seem to have a fantastic grasp on markets. Trading is a zero sum game.
1449.
Post 10965478 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Your view is very flawed then. Not sure why you hang around on here if you cannot even see the clear benefits of bitcoin over conventional fiat currency.
There are a lot of bitcoiners here (even some permabulls) that don't necessarily think bitcoin will replace fiat by any means.
Noone is mentioning bitcoin replacing fiat. But bitcoin is the undoubted superior to all centralised forms of fiat currency.
1450.
Post 10969164 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
that big fat red candle is the reason why you will not break 255.
a whale just got fucked.
good luck bulls!
Bulls don't need luck. The price is above 255 already. Not only that we have seen a demonstration by a whale that there is someone putting 8k invisible bid walls on the orderbook and selling to himself for fun. The orderbook is a mirage. But it looked bearish as hell two days ago (when you were rejoicing) and now looks very different.
Just get on with it and cover your shorts. We all know you are going to. Either that or get stopped out from a sudden spike upwards. ('lel')
1451.
Post 10969234 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
that big fat red candle is the reason why you will not break 255.
a whale just got fucked.
good luck bulls!
Bulls don't need luck. The price is above 255 already. Not only that we have seen a demonstration by a whale that there is someone putting 8k invisible bid walls on the orderbook and selling to himself for fun. The orderbook is a mirage. But it looked bearish as hell two days ago (when you were rejoicing) and now looks very different.
Just get on with it and cover your shorts. We all know you are going to. Either that or get stopped out from a sudden spike upwards. ('lel')
I hope he closed his $255 short he was bragging about, but likely ignorance and greed got the best of him. He'll probably hang onto it until his stop hits, if he has a stop, which is unlikely because self assured clowns like tarmi tend to let their ego get the best of them.
nope.
I am so confident that I dont need stops.
A word of friendly advice - you might be smart in other aspects of your life, but leverage is dangerous unless you have foreknowledge of the market in volatile assets like bitcoin.
Most traders and speculators (myself included) have been burnt with leverage in other markets before. All of us thought that wouldnt/couldnt happen to us.
'Cut your losses short'.
1452.
Post 10969251 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
that big fat red candle is the reason why you will not break 255.
a whale just got fucked.
good luck bulls!
Please don't think I am offending here, but I have never got this one thing till today that whenever markets go bearish, people start panicking thinking price might get more and more worst, and when markets show some signs of positivity, people start saying that this ain't anything but just a small sign of big incoming drops... This way, it won't be possible for Bitcoins to get more value as we ourselves are devaluating it all the time... Sigh...
This is normal psychology of all bear markets, especially near the bottom.
Tarmi was also a big bear back in September-October 2013 when the price was at $120-130 or so, making the same doom posts over and over again until the price went above ATH.That is disappointing to hear.
1453.
Post 10969360 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Price goes down for 10$ and bulls demand silence, since its only a 10$ drop, nothing that value attention. Price goes up for 10$ and the same idiots claim bears to close their shorts.
The exchange price is above his alleged short entry.
Anyway you forgot to add: 'price drops 2 dollars beartrolls spam endless pages of this thread talking about breaking 160 and bitcoin being dead'
Sssh child.
1454.
Post 10969426 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Price goes down for 10$ and bulls demand silence, since its only a 10$ drop, nothing that value attention. Price goes up for 10$ and the same idiots claim bears to close their shorts.
The exchange price is above his alleged short entry.
say again you fag!
but this is nothing...I will see you in the underworld.
your Hades!
So much emotion over a 2 dollar drop. You are probably very over invested.
1455.
Post 10969435 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Price goes down for 10$ and bulls demand silence, since its only a 10$ drop, nothing that value attention. Price goes up for 10$ and the same idiots claim bears to close their shorts.
The exchange price is above his alleged short entry.
Anyway you forgot to add: 'price drops 2 dollars
beartrolls spam endless pages of this thread talking about breaking 160 and bitcoin being dead'
Sssh child.
Less words about bull markets, more results please, dumbass. Lets talk again when direction is clear, although I think you are one of those bulls who unignore bears on your 10 pumps and
put them back on ignore when price goes down.Emboldened the relevent text.
1456.
Post 10969532 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
general public? you call a community of nerds, die hard speculators doing 20 x leverage, libertards, drug lords and scammers general public? no, dude.
The more you speak, the more unpleasant you sound.
$260 is resistance. We could fall all the way down to $150 to hit our support line that goes back all the way to April of 2014.
These are rough days for bitcoin price.
Lots more shorters coming out the woodwork!
1457.
Post 10969602 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
general public? you call a community of nerds, die hard speculators doing 20 x leverage, libertards, drug lords and scammers general public? no, dude.
It was you who said that general public is getting out of interest in terms of Bitcoin, not me...
And yes, do you think that the community only consists people mentioned by you only??? I think you should also look towards the right side of the coin as each has two sides I guess... So, just flip it the other way...
general public = average joe.
those mentioned in my posts are not by any means average.
Dude, I know that... I knew that you were talking about average joe and not the ones mentioned in your posts...
And I was also talking about them only as how many % of those average joe's (who joined Bitcoin world) left at such places where Bitcoin had been banned???
no, it's not about bans.
it's about the inability of average joe to use this thing.
Have you tried circle or coinbase? It is trivial to use it.
Oh I'm not shorting. I'll just quietly stand by and watch while increasing my holdings. I'll go down with the boat if it sinks
My apologies.
1458.
Post 10969666 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Regardless of BTC price, Satoishi's social experiment--introduction of a digital currency eliminating the need of money processors and trusted third parties--is clearly a failure.
Clearly. Hence why you continue to post here over a year after joining the forum.
I remember you spamming Rpietela's thread badly in the past. Welcome to ignore.
1459.
Post 10969980 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Tarmi wasn't the price supposed to collapse?
1460.
Post 10970068 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Ok so what now UP or DOWN?
Shorters are trying to stop the UP movement. If they fail, we could go up strongly.
But the coins keep getting bought. Bid side keeps refilling. My guess would be someone will take a bite out of those big imaginary ask orders and we move up. Cue tarmi whining.
1461.
Post 10970462 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
1462.
Post 10971977 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
wow shorts are actually increasing....
you'd think they'd cover knowing its going to be >300 in <2weeks
Retail gonna short.
1463.
Post 10972342 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Shorts up to 24541.
Hmm.
Swap interest rate on shorts up to 0.07% per day, long swap interest down to 0.094%
1464.
Post 10972865 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
again this story about short squeeze?
better look at those fake bids so nicely stacked in close 240 + range. 7 k to 240 and then like 4 k till 220. but keep buying in 250+ range pigs.
we need you.
Enough yapping. But I suppose that is all you can do apart from help the price higher when you cover.
1465.
Post 10973216 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
But with the price at 800 $/BTC, on the other hand, postponing the halving would give them ~500 M$ of extra revenue per year...
Yes but ONLY IF Bitstamp, Bitfinex, Bitpay, BTC-E, Second Market BIT, Winklevoss fund, etc accept these "Bitcoin"
The funds, and anyone who only holds bitcoins without moving them, can just wait for the outcome and then upgrade or not, as appropriate.
Like other active bitcoin users, the exchanges and payment processors will have to choose between upgrading their software and working only with the 25 M chain, or sticking to the 21 M chain and having all their coins frozen, until if and when the "attack" fails. While trading inside each exchange could continue with no problems, all bitcoin withdrawals and deposits would be blocked. For those companies too, switching (and urging clients to switch) should be a no-brainer.
If what you say is true then why has it not happened yet?
1466.
Post 10974564 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
Jorge, if a minig cartel ever threatened to change the rules of Bitcoin, the value would plummet as everyone jumped ship to a new coin. Why would they ever do it knowing that it would devalue their assets?
This is a nonsense answer to me. Why would they have to threat anything?
They CAN do many different detectable and undetectable manipulations, with or without violating Bitcoins rules. There is no need to
change the rules.
They could manipulate: TX relaying, block relaying, not mining TX they dont like (to low fees, unwanted origin), banning of nodes, spying on users, etc.
They are free to do any of that now. But a pool that does won't see as much revenue because no one will want to point their miners there, so again there is no incentive.
Exactly. These are all completely pointless debates. No mining pool will risk upsetting their income.
A malicious 51% attack would result in immediate changes being implemented by a consensus driven by protecting bitcoin by every other player.
1467.
Post 10975233 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.08h):
been a long time without an exchange hacked or something i'm bored
Give it a day or two. Support at 250 is gradually catching up with asks at 260.
1468.
Post 10976404 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
28382 USD
15.41 BTC
roughly the daily swap interest payments
Very roughly!
1469.
Post 10977741 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
I've been thinking, and it seems the bitcoin market is really really hyped up, but bitcoin's actual uses: a small pool of gamblers and addicts. That is it. Until it is used for real buying and selling (which it is not in the least bit) I think the price could go to as low as $20-$50.
+1
Xiaoxiao thought bitcoin was overpriced at 2 dollars and is currently short.
1470.
Post 10978104 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Shorts up to 25,000.
Looks like this latest mini dump to erase the bid side orderbook and try and get momentum selling into the 240's was mainly new shorts being opened.
Fireworks soon. Hopefully we get a single market order on finex to squeeze the 11,000 new short contracts opened in the last 2 weeks.
1471.
Post 10979800 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
I've been thinking, and it seems the bitcoin market is really really hyped up, but bitcoin's actual uses: a small pool of gamblers and addicts. That is it. Until it is used for real buying and selling (which it is not in the least bit) I think the price could go to as low as $20-$50.
+1
Xiaoxiao thought bitcoin was overpriced at 2 dollars and is currently short.
I don't care. He's right: bitcoin is almost pure speculative currency and main non-speculative usage is buying drugs.
This is great method of payments not only to dark markets but to local dealer (smart dealers accepting not fiats but only btc:)
No you are just short and the price rose the last few days. I don't know why you are short since bitcoin is to be listed on wall st imminently.
You are short, right?
1472.
Post 10980332 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
I've been thinking, and it seems the bitcoin market is really really hyped up, but bitcoin's actual uses: a small pool of gamblers and addicts. That is it. Until it is used for real buying and selling (which it is not in the least bit) I think the price could go to as low as $20-$50.
+1
Xiaoxiao thought bitcoin was overpriced at 2 dollars and is currently short.
I don't care. He's right: bitcoin is almost pure speculative currency and main non-speculative usage is buying drugs.
This is great method of payments not only to dark markets but to local dealer (smart dealers accepting not fiats but only btc:)
No you are just short and the price rose the last few days. I don't know why you are short since bitcoin is to be listed on wall st imminently.
You are short, right?
It doesn't matter whether I'm short or I'm long. You want to be in my wallet?
One time I'm short, one long, one full fiat one full btc but what i think and i know about bitcoin as a pure speculation doesn't changing.
Bitcoin = speculation 99% and 0.9% darkmarkets/drugs/gambling and 0.1% another usage, only fool can't see it imo.
The gold market is 99% speculation and 1% jewelry and computer parts. So what?
And it does matter because you are just talking your book. Because when you are long you will spout an opposing opinion without believing it. That is important because boiled down it means no one can trust or believe a word coming out of your mouth.
1473.
Post 10980653 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
wait a minute ... you're telling me people lie and change their publicly stated views for sake of their own self interest ! ? ! ? ! ? ... wtf is this world coming to ...
I know ... and Inca of all people telling you this lol (who else ??!)
While he likes to point out that shorts are increasing, which is true, that is far from the whole story
In the last month shorts on BFX are up $2m
Longs are up by $5m in the same period
The market has been falling
Meanwhile leveraged longs are up to a record high that is double what we saw in July in BTC terms
Jorge ... can we do some maths here ? Where is the pain ?
Meanwhile we await for Barry 'just another couple of weeks' Hypemaster Shillbert to save us and open the flood gates of Wall Street money (which was supposed to be coming in all of last year IIRC)
Its looking good though ... so far there are bids for 70BTC on the 'ETF' whilst they overcome the 'delay' in getting certificates to permitted sellers
I am sure everything is fine though and we will moon as soon as Barry gets his act together and provides us with a highly liquid investment vehicle that Wall Street just can't wait to get it's hand on ...
I make it 4 million USD versus 2.75 million shorts but who is counting?In any case the long interest has always outweighed the short interest on finex. It is a curious situation but i think the fact you can go long with BTC is the likely explanation.
Edit: you are right on the numbers actually..
1474.
Post 10981043 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
The gold market is 99% speculation and 1% jewelry and computer parts. So what?
And it does matter because you are just talking your book. Because when you are long you will spout an opposing opinion without believing it. That is important because boiled down it means no one can trust or believe a word coming out of your mouth.
Except it's not. Half of all gold mined to date is in jewelery.
The point was to illustrate that a commodity with value can have a primary function of speculation at its core. And quoting actual gold distribution and use is pretty much an impossible task with any accuracy (how much is there again?).
Phoenix there have been several short squeezes in the last year so not entirely sure what you are prattling about.
1475.
Post 10982041 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
hello bulls!
you said I'm gonna regret for shorting @ 255, but I see how desperately and in a hurry you are unloading your bags. keep it above 250 and trap as many noobs as you can.
Right on clockwork back to protect your position! You realise 255 is less than two dollars away don't you?
1476.
Post 10982065 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
hello bulls!
you said I'm gonna regret for shorting @ 255, but I see how desperately and in a hurry you are unloading your bags. keep it above 250 and trap as many noobs as you can.
Right on clockwork back to protect your position! You realise 255 is less than two dollars away don't you?
do you realize how stupid you sound?
Says the man accusing Bulls of unloading their 'bags' when the price is flat/rising. ('Lel')
1477.
Post 10983773 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Bid side support building ..
1478.
Post 10987102 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Do you seriously think that there's over a 50% chance that the halving will be delayed??
No, I do not know whether the top miners will try it, or any other "little abuse". I believe that they could -- not just in theory, but even taking into account the possible reactions of the community.
Those 4-5 miners would postpone the halving to sell twice as many coins at less than a quarter the price? The halving is priced in and if it doesn't happen there will be a crash. Everybody knows this.
Who says that it will be a quarter of the price?
The past halvings did not have a visible effect on the price. So why would a delay in the halving have any effect -- unless the ideologues go out screaming "BITCOIN IS WORTHLESS" to the world? Now they wouldn't do that, right -- because "destroying the value of the thing you sell is just bad business."
The ideologues would react the same way they have reacted to previous bad news, like the MtGOX collapse, the confiscation and sale of the SilkRoad coins, the China bans, etc.: they will say that bitcoin is "antifragile" and will survive this third fork like it survived the previous two, or even that the change is "good for bitcoin".
In fact, that fork would probably be less traumatic than the previous two, because it would be deliberate rather than an unexpected bug.
There is nothing magical about the current halving schedule. Satoshi could have just as well picked a schedule that skipped 2016 and antecipated the following halvings, and it would have been just as good (or just as bad) as the current one. If he had done that, and we were discussing the opposite change, I am sure the objections would be the same...
yeah, if you had half a clue about the hardcore of bitcoiners (none you mention) you'd be more worried about protecting your own assets than spending time spouting arrant nonsense, bordering on slander, on backwater threads of bitcoin forums ... you've had a pretty easy ride so far trolfi but the clock is ticking friend.
Wait, are you accusing me of slander? Of whom exactly?
Or is that a threat, "stop warning people about the problems of bitcoin, or else"?
You are really scraping the barrel now Stolfi.
You cannot find any genuine reason why bitcoin will fail in its current implementation. Solution? Find a hypothetical problem by changing the protocol. Lol.
You need to get out more.
1479.
Post 10988882 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Do not panic!!!
These are just shorts panic closing
We are going back down tonight!!!
Add more shorts
DO NOT BE AFRAID TARMI
Actually shorts are still rising. That was buying. (lol)
Edit: cannot say tarmi wasn't warned well in advance. he probably covered.
1480.
Post 10988915 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
i know this will happen, good news and the whale will dump, bad news and the whale will buy.
Meanwhile thousands of holders buy and accumulate as much as they can each day at these levels regardless
1481.
Post 10988952 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
WOW !!!
i cant believe my eyes, we break 260 !!!
where are the bears...
They are here writing crap, because there's nothing left to do on exchanges. They know their orders won't get filled so they have a lot of free time to dick around.
Like that guy above who said the pump is small - 6000BTC bought on Bitfinex only in a few minutes is not worth talking about. I've seen them partying here when 1000 was being dumped... Oh, the denial
You want to see denial? Wait until we break the exponential trendline on heavy volume. To think this lot could have bought coins (i know i did) at 170 or even 160
1482.
Post 10989073 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
<troll crap>
NLC, I worry you might be mentally ill. All you do all day is talk to yourself on a bitcoin forum. The point being talk to yourself, as after this message I will ban yet another of your pathetic alts.
Maybe you can talk about child pornography with yourself (another favourite of yours). Why aren't you posting from your main account instead of 'sporket' again?
Perhaps you could have a chat with yourself about how you sold your entire stash at 600 dollars and watched the price double in the following months becoming more and more bitter each passing day. Eventually posting 8000 times in 9 months trying to troll the price lower.
But feel free to keep posting that I bought one coin on december the 4th 2013 to your heart's content!
Back to ignore my feeble friend.
EDIT: oh and dec 4th was nowhere near the top, but i am pretty sure 160 was the bottom
1483.
Post 10989129 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
So, apart from that ad hominem rubbish, Did you buy at the top???
1) point out which part of those statements were rubbish
2) given the majority of my coins were safely locked away in march/april 2013, who cares if i did?
1484.
Post 10989698 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
1) point out which part of those statements were rubbish
What? Your whole post was personal!!
2) given the majority of my coins were safely locked away in march/april 2013, who cares if i did?
Forgive me if I think that is just a big bitcoiner porky pie... So you were in bitcoin since early '13, squirreling away those cheap coins. eh?
Inca Date Registered: November 10, 2013, 02:10:27 PM
I think you might have come a little late to
that party...
Yep that is right NotLambChop deserves your support. Where have you been for the last year? lol.
Lets just say the biggest financial mistake I ever made was opening my bc.info account in nov 2012 and watching the price for a few months before jumping in.
1485.
Post 10990635 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
DO NOT BE AFRAID TARMI
of what? of sneaky bulls that are trying to start something on easter sunday?
no. they will fail miserably.
1. Short at 255
2. Watch it become quite profitable, dropping into 23X.
3...
Oh wait now he covered in the 230's. LOL.
1486.
Post 10990717 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
In the 27th and 30th August 2013 Markus bought a lot of BTC, further faking the bull market (total net BTC bought by Markus = 297628). From the Willy report:
In this table, the first two trades (buy/sell pairs) are by some regular user with ID 238168. In the second trade, this user buys 0.398 BTC for $15.13. The next trade is some large market buy by Markus (ID 698630): note how the $15.13″ value from the previous trade seems to stick; regardless of the volume of BTC bought, the value paid is always $15.13. This is speculation, but perhaps for Markus, the Money spent field is in fact empty, and the program that generates the trading logs simply takes whatever value was already there before. In other words, Markus is somehow buying tons of BTC without spending a dime.
Mt Gox closed over a year ago and was irrelevent to price discovery long before that.
What next? Blaming the guy who exchanged a pizza ten thousand btc? He should have charged more, he falsely overpriced bitcoin for the rest of eternity!!?
PS. what proof do you have other than a 'blog' that the Mt Gox 'bot' wasn't legitimate? There is a country called China that existed during the last bubble you might want to look it up.
1487.
Post 10991505 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
On the 27th and 30th August 2013 Markus bought a lot of BTC, further faking the bull market (total net BTC bought by Markus = 297628). From the Willy report:
In this table, the first two trades (buy/sell pairs) are by some regular user with ID 238168. In the second trade, this user buys 0.398 BTC for $15.13. The next trade is some large market buy by Markus (ID 698630): note how the $15.13″ value from the previous trade seems to stick; regardless of the volume of BTC bought, the value paid is always $15.13. This is speculation, but perhaps for Markus, the Money spent field is in fact empty, and the program that generates the trading logs simply takes whatever value was already there before. In other words, Markus is somehow buying tons of BTC without spending a dime.
I took that to mean speculation concerning the mechanics of the bot: the actions themselves are not in question.
that db dump was doing the rounds last year, im sure you can still download a copy of the raw data if you are interested.
Until we have the outcome of an official investigation Mt Gox and the mysterious trading bot is idle speculation. A file floating round the net or a 'blog' do not constitute a smoking gun.
If it turns out to be true then the price then there should be criminal prosecutions.
But either way the price has been unsupported by that bot for over a year and is now rising from a protracted bear market without it.
Bears need better FUD. Perhaps it is time for another China ban or another dark net market running with their funds. I am sure you will come up with something. Because with shorts at all time highs you need it in the coming days.
1488.
Post 10993968 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Bears are quiet since you Bulls managed to rise to 260?
Yes. You have it exactly.
Unlike you and I, they are playing with leverage so a rising price means losing money
Nice one on your trade. But it doesn't sound like you are back in yet. What you waiting for, the exp trend line to break?
1489.
Post 10994071 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
But it doesn't sound like you are back in yet. What you waiting for, the exp trend line to break?
At least breaking 315. All prices below are (nearly) meaningless. Same for prices above 210. Within this range I only trade with peanuts and wouldn't dream of trading with leverage.
Fair enough. Sensible. I probably should have dumped during q1 2014. Still I bought in a lot lower with most my coins so its OK. I have been accumulating heavily since we breached 300.
My assumption is bitcoin has at least one more bubble in it even if it fails as an alternative private currency.
1490.
Post 10994194 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
My assumption is bitcoin has at least one more bubble in it even if it fails as an alternative private currency.
Not exactly a ringing endorsement from one of the biggest bulls around these parts... Just one more spike to unload your bags?
I think bitcoin or a descendant will disrupt the world. Its pretty clear it is the best form of money ever invented and a block chain based crypto currency should cleave apart money and state.
I won't touch most of my coins until 2020. If it dies I go down with the ship!
But I will sell a small % on the next spike, sure. That's how the coins distribute, right? At least that's the plan. It was the plan last time, too
1491.
Post 10996193 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
I want 260 back
We will back to it but not for a long time , seem bitcoin price dumping every where
any time .
500 coins to 260 on finex.
26600 shorts lol.
Keep shorting retail.
1492.
Post 10996240 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
I want 260 back
We will back to it but not for a long time , seem bitcoin price dumping every where
any time .
500 coins to 260 on finex.
26600 shorts lol.
Keep shorting retail.
But their are over 26,000,000 in USD longs....
No. 25 million.
Bfxdata.com is useful.
1493.
Post 10996482 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Yeah that data really freaks me out about my short, but I wonder what the ratio of long to shorts is even in a period of decline.
If you go to bfxdata.com: click btc swaps and choose historic, then scroll down, there is a nice chart showing the btc swaps (shorts) with total number of contracts versus swap interest rate.
The same data can be examined for the long contracts.
You will see that even when bitcoin crashed from near 400 down to 160, even when the world was ending 14 million USD failed to cover. Since then the total value of leveraged longs has drifted up to 25 million USD (ATH was 31 million USD last year). So 11,000,000 USD from that point. Remember you can go long with just BTC on finex, so large holders can easily use their btc holdings for long positions.
In stark contrast the total number of short contracts have oscillated between ~5,000 and 26,954 (ATH) over the last few months. We are currently within 400 btc contracts of being at the all time high (currently 26600).
12,000 contracts have been opened from the recent peak at 300.
Bear case: longs have more money borrowed, higher interest rate on borrowing, bear market not technically finished
Bull case: 160 was high volume washout reversal + bear market is over, shorts at all time highs - mainly retail day traders, little room to manouvre and several thousand shorts have opened in the last few days are already underwater with the price rises. There is a limit to how low the the price can go, bulls wanting to close their positions could have at 160 and are not going to now. Shorts will capitulate if the price moves up another 10-20 dollars with at least 12,000 becoming underwater at 300. A glance on the orderbooks shows what damage even a few thousand shorts closing would do to the ask side, let alone the entire 12k from 300.
Up or down, who knows!
1494.
Post 10996548 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Bear whale needs to push this thing to below 100 for some fireworks to happen and more media attention before anything interesting will develop.
A headline such as "Bitcoin goes from $1200 to below $50 and now back to $400" would bring a lot of attention.
Anything is possible xiaoxiao, but do you really believe the price will drop another 80% from here, just to let you buy in and make 10x your money? Markets don't work like that.
And if bitcoin did reach 50$ you would certainly would not want to buy.
When the price was 1200 and someone said would you buy coins at 160 or 250 next year you would have jumped at the chance, right? But now the price is down here all you can see is an opportunity to buy coins even cheaper. What is amusing is you then expect other people to suddenly buy it back up 10x so you can profit.
1495.
Post 10998119 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Out come the underwater shorters using technicals to justify the next reason for us all to sell our coins like lemmings.
Pull the other one hdbuck, wanderer et al.
1496.
Post 10998550 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
NLC is a strange chap.
1497.
Post 10998689 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Seen over the last few days on finex, are there lots of hidden buy orders? The bid to ask curve is slightly downwards sloping, but we have seen that megasells hardly move the price downwards. To me it looks like something new.
yes, bulls are so weak that are trying all kind of tricks to fool the market.
if it were a legit buy support, there would be no need to hide it.
Unless bull whales are accumulating without moving the price up, which giant bid walls tend to do.
1498.
Post 10998742 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Yep, its just nothing but another chinese wash volume bulltrap to force more longs before a dump, 135-160$ range is an obvious ultrasolid support.
Short then.
1499.
Post 10998835 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
and they are doing it with borrowed USD from bitfinex?
naaaaaah
But long swaps havent budged from 25 million in 5 days tarmi.
Whereas the number of shorts has climbed 4-5k. And the price has
risen.
1500.
Post 10998926 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Who moderates this thread? Not sure why these particular posts were selected for deletion when the multitude of NLC BS remains 'unmoderated' lol..
so, you are stupid, yes?
Thinking everyone else is stupid means you underestimate your opponents. Not a great strategy. How those shorts going by the way?
Always funny when they go quiet.
Yes.
Ask yourself why anyone would dedicate a considerable amount of their time to passionately ranting about something that they believe is doomed to failure. For hours, daily. Some have been doing it for months, years even.
I mean I'm pretty sure that, sadly, Mars One won't have anyone arriving on Mars before 2028, as is their stated goal. But I'm not going to spend thousands of hours trolling their forums because I hold that opinion. In fact, if I'm proved wrong I'd be thrilled. In the meantime it, naturally enough, simply doesn't cross my mind very much.
So we turn to Bitcoin where the forums are trolled quite disproportionately and we ask ourselves why these people are here. Consistent, vociferous and prolific. Why aren't they getting on with their lives, checking in every so often to see whether they've been vindicated?
One has to wonder. And not long after you begin to wonder you develop some circumstantial suspicions, shrug and move on with your life. Let them waste theirs - don't let them waste yours.
+1
1501.
Post 10999023 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Whats up with the bids?
240 to 230 is a joke, 2k coins?
yeah, it been like that for days.
just watch those carefully stacked bids & support in 240 range vanish once we get closer to them.
best strategy to trap more noobs.
How are you going to 'get to them' there are 9700 bids in the way. Are you going to borrow more? Oh wait, shorts are already through the roof.
It is only 11000 coins to 300. If any significant buying turns up then 5000 shorts will immediately capitulate with another 7k covering before 300 to stay in the money.
Edit: this market is on a knife edge.. exciting stuff
1502.
Post 10999128 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
I love the bravado of the bears!
Edit: mini bear trying hard
1503.
Post 10999307 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Works fine here. Off out for a beer. Bear raid, failed so far.
1504.
Post 11002005 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Shorts within 100 contracts of ATH level. Price down 3 dollars with all bid support intact.
Will be an interesting few days for sure.
1505.
Post 11002332 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
So now we have notlambchop talking to himself with four alts on one thread alone (sporket, bromide, silenceofthelamb, ask ken blah blah).
Don't worry dump3r. Not long now
1506.
Post 11003455 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
lol tarmi
And less than 20 contracts from new shorts ATH
1507.
Post 11003528 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
you poor fuckers.
Nope, they are just poor lemmings who follow their pied piper, they do want to get rich doing nothing, hoping that their ruler will make them rich for free, poor souls...
How is clicking 'sell' doing something?
1508.
Post 11003626 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
lel
another 500 k added.
25,392,128.49 USD
those delusional fuckers still buying on leverage.
Shorts at 27300..
Deluded shorters keep adding..new ATH
1509.
Post 11003978 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
lel
another 500 k added.
25,392,128.49 USD
those delusional fuckers still buying on leverage.
Shorts at 27300..
Deluded shorters keep adding..new ATH
link to shorters url? please
Bfxdata.com
Go to BTC swap, historic, scroll down, chart of number of swap contracts (btc short). Make it all time and you can see that in the last four months shorting has gone absolutely berserk. In fact the drop down from 680 marked a new phase of aggressive shorting not seen before. Big players suppressing the price with retail jumping on for the ride. Now it is retail adding shorts as the price rises.
In contrast long swaps are high but 6million below the ATH.
1510.
Post 11004020 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Why you here then wanderer.
1511.
Post 11004146 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Why you here then wanderer.
Because bitcoin is a part of the process, a necessary step
No but seriously, it's a very good read
ill read it tomorrow in the gym
1512.
Post 11004291 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
one more thing about those absolute ATH calls and numbers for shorts and longs.
yes, 27 k of shorts sounds a lot, but the price is at 250 $ (and we are still mining 3600 btc on a daily basis)
25.3 mil of longs does not sound a lot, but if you take into consideration the current price...well...it's worse than bad.
...
now I will leave you bulls to think about that a little bit.
Well considering that 14 million failed to cover even in 'the great crash' down to 160 i'm not sure how important that is.
There has always been a large disparity between the size of the long and short positions. the only way i can explain this is that shorting a commodity that can shoot up like bitcoin and is in limited supply is very risky, and, it is possible to go long with btc only on finex. So presumably large holders, early adopters can put down huge numbers of btc and go long without fear of ever being margin called significantly.
The other thing is a lot of the shorts are underwater and 12-13,500 were opened below 300. So the shorts have little room left. 11 million usd longs have opened all the way from 160 upwards in contrast.
Should be a titanic battle, and if the longs are successful it will definitively end the bear market keeping bitcoin down.
1513.
Post 11008494 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Bids up again. Bears can't break the price down. Interesting hearing about people moaning about manipulation upwards, off the back of a year of excessive sell pressure and downwards gaming of the price !
Ezmoneychap if you think bitcoins are worth 160 you should have bought them at that price in January. Good luck finding them at that price again.
Next move should be epic. If we break up the short covering should end the bear market definitively. If we dip lower then it is back to accumulation for the bulls before the next push (the trendline coming down every day in the interim).
1514.
Post 11008570 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
i think this is just a deceptive mexican standoff conjured up to probe the market, mislead the price guess.. notice how this is being delayed... if i'm observing correctly shorts vs longs is no longer accurate as it used to be in 2014 as it's becoming way too predictable and less profitable... i'm still positive that this market is rigged up to eyeballs and any engineered "news leak" any day now should set the direction either way to manipulators' benefits... i wouldn't be surprised if the forces that move this market are present in both sides of the leveraged market...
I was thinking the same thing yesterday
What is to stop whales from gaming these numbers by borrowing coins from themselves and shorting these instead of selling directly? They are guaranteed that the new ATH in shorts will be screamed from the rooftops in here and seized upon as bullish. If you borrowed your own coins, there would be no cost to this strategy as you would be paying interest to yourself.
No idea if this is happening, but if it has not done already, it will be done one day for sure. Inca's predictable posts would be like free advertising to them and play right into their hands
Equally well, borrowing your own USD to game the long data would be easy and free, though it would seem to be a longer game given the generally slower trends in those numbers.
FWIW, even though I am bearish, I look at that short data and wonder how it can go down with such a high number, so if it's a psy-op, it's a good one.
You might be right to a degree. The market is owned by a small cabal of traders.
Regarding borrowing your own coins and usd - we can see what is simply borrowed, and what is sold into or bought from the market. The data show clearly that half of the shorts were opened below 300, with thousands underwater. Sure there is nothing stopping someone dumping 15000 coins on the market to paint a bearish picture. Equally after going long 25 million USD what is another 5 million to squeeze shorts into capitulation?
Fascinating setup currently.
1515.
Post 11008848 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
i think this is just a deceptive mexican standoff conjured up to probe the market, mislead the price guess.. notice how this is being delayed... if i'm observing correctly shorts vs longs is no longer accurate as it used to be in 2014 as it's becoming way too predictable and less profitable... i'm still positive that this market is rigged up to eyeballs and any engineered "news leak" any day now should set the direction either way to manipulators' benefits... i wouldn't be surprised if the forces that move this market are present in both sides of the leveraged market...
I was thinking the same thing yesterday
What is to stop whales from gaming these numbers by borrowing coins from themselves and shorting these instead of selling directly? They are guaranteed that the new ATH in shorts will be screamed from the rooftops in here and seized upon as bullish. If you borrowed your own coins, there would be no cost to this strategy as you would be paying interest to yourself.
No idea if this is happening, but if it has not done already, it will be done one day for sure. Inca's predictable posts would be like free advertising to them and play right into their hands
Equally well, borrowing your own USD to game the long data would be easy and free, though it would seem to be a longer game given the generally slower trends in those numbers.
FWIW, even though I am bearish, I look at that short data and wonder how it can go down with such a high number, so if it's a psy-op, it's a good one.
You might be right to a degree. The market is owned by a small cabal of traders.
Regarding borrowing your own coins and usd - we can see what is simply borrowed, and what is sold into or bought from the market. The data show clearly that half of the shorts were opened below 300, with thousands underwater. Sure there is nothing stopping someone dumping 15000 coins on the market to paint a bearish picture. Equally after going long 25 million USD what is another 5 million to squeeze shorts into capitulation?
Fascinating setup currently.
My point was that borrowing your own coins, selling them on the market and thereby inflating the shorts on BFX paints a different picture to simply dropping them on the market. One shows up as a possibly squeezable short, implying potential upward pressure, ergo you may get the chance to sell more at the same/higher price if someone attempts that squeeze. The other just disappears in trade data and paints a more bearish picture if anything. Would be a smart play for a big player who has more to unload.
Yes ... current set-up looks like ready for fireworks.
So expect more sideways Too right.
1516.
Post 11013788 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
I have reported you NotLambChop for further child porn references. Get a life.
1517.
Post 11013921 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Seriously Lamby stop talking about child porn.
It's beyond weird.
Even as a joke why the hell are you searching it.
Keep it away from here please.
If the mods had any morals they would just blanket ban all his accounts: sporket, ask Ken about love, bromide, silence of the lamb etc etc.
And introduce newbie jail.
1518.
Post 11013975 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
inca and LFC
back 2 back
Hey my only disagreement with you tarmi is speculation related.
There is no place for child pornography on this forum - only one person brings it up all the time, the mods should deal with it. I hope you aren't defending it.
1519.
Post 11014036 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
inca and LFC
back 2 back
Hey my only disagreement with you tarmi is speculation related.
There is no place for child pornography on this forum.
it's not about child porn on this forum, but on the blockchain.
Are you really defending this creepy child pornography obsessed freak?
And no I don't give a shit it has been uploaded in an unreadable form to 99.99999% of the population on the blockchain. This isn't about censorship, this about morals.
This is a Bitcoin price speculation forum.
1520.
Post 11014093 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
inca and LFC
back 2 back
Hey my only disagreement with you tarmi is speculation related.
There is no place for child pornography on this forum.
it's not about child porn on this forum, but on the blockchain.
<NLC alt, troll crap>
Seriously, I can only imagine how utterly pathetic you must be in real life. You low, low excuse for a human being.
1521.
Post 11014120 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
inca and LFC
back 2 back
Hey my only disagreement with you tarmi is speculation related.
There is no place for child pornography on this forum.
it's not about child porn on this forum, but on the blockchain.
Are you really defending this creepy child pornography obsessed freak?
And no I don't give a shit it has been uploaded in an unreadable form to 99.99999% of the population. This isn't about censorship this about morals.
This is a Bitcoin price speculation forum.
no, I am defending his right to talk about things that you bitcoiners find uncomfortable.
it does not matter if it is unreadable, but rather available & accessible.
1) 'you bitcoiners'
Cretinous remark.
2) defending his right to talk
Clap fucking clap. You are my hero.
1522.
Post 11014229 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Blitz please read through the posts and act appropriately. Thanks.
1523.
Post 11014468 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
<concern trolling crap>
Give it a rest, you don't fool anyone.
1524.
Post 11014567 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Don't worry guys he is back on ignore again.
Back to the wall observation!
1525.
Post 11020865 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
Oh dear, down 9 dollars. Pretty big market sell to achieve that. Bids held up well and no follow-through selling yet.
Let's see what develops.
I might buy if we drop lower.
1526.
Post 11021123 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.09h):
- snip -
So easy for whales to "paint the tape" when there are no other big players in the market, lol.
It took them 15k on finex alone, so I wouldn't call it "easy".
thats peanuts for people that used to mine 1k/day.. with GPUs..
Perhaps, but back in the bear market it only took 2-5k to initiate much bigger drops.
We're in Schroedinger's market right now. We don't really know if this is already a bull-market, again. Right now we're still in the bear-market, as well. We need a breakout to confirm the bull market.
'breakout', as you like to refer to it, has to converge from 'breaking' macro event..
1/euro crisis
2/dollar crisis
3/war
add one of these this to halving and you'll get your spaceship memes.
any other "(lol)rganic" pumps will inevitably result in more dumps.
bots and whales festing on y'all sunday bitcoiners.
Not true. Two market buys like the market sell earlier and we would break out of the downtrend.
There has been no news today. Just a whale moving the price down isn't it?
1527.
Post 11023918 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
What would it cost to dox these trolls?
Since they are all just notlambchop, probably not a whole lot.
1528.
Post 11023923 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
I knew it I would be getting a response from you lambie, just for using "amirite". What happend to your main account?
The best guess is he accused a legendary member of being a paedophile.
1529.
Post 11024006 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
What would it cost to dox these trolls?
May I offer you
"THE LIST"Hfertig
Wandererfromthenorth
mmitech
ShroomsKit
fonzie
luckygenough56
JohnPercent
bromide
sporket
FatherBob
Cassandra_PR
Anotherthing
Silverspoon
NotLambchop
Ask Ken About Love
BlindMayorBitcorn
YourMother
Dump3er
William Henry Gates
Son0fLamb
Jammalan the Prophet
Warren Buffert
NotHatinJustTrollin
Wandererfromabroad
bitards
ChildPr0nzUsers
JihadCoinz
sAt0sHiFanClub
fuckoffstolfi
Hellomoon
Errydayrally
MightAsWellIgnore
AnotherAccount?
NewbieJailIsBadMmkay?
trelelel
EVOLUTION_A*D*M*I*N
SilenceOfTheLamb
BullTardLogic
Boooooooooring
btcponzieeg
bitcointoda0
ButVentureCapitaaaaaaal
IDKwhatisgoinon
not10kyet
AlmostThere881
BITIsHere!!!!
CatFromhere43
Basta101
NotHatinAndNotEvenTrollin
AnotherIgnore4u
TulipMania Troll
n00bjailnevergonnahappe
DecentralizeAllThePosts!!
Shatoshi
DoxThatTroll
Instructions for Newbies:
Go to
ProfileThen
Ignore user optionsCopy and paste the above names into that magic box.
Presto!
No more trolls!
Nice
1530.
Post 11024473 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
Perhaps we could have that list in a sticky post at the top of the speculation forum.
Alternatively, I would be happy to pay the hosting costs and register a domain if someone did the leg work setting up the forum software for an alternate site.
1531.
Post 11024524 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
Perhaps we could have that list in a sticky post at the top of the speculation forum.
Alternatively, I would be happy to pay the hosting costs and register a domain if someone did the leg work setting up the forum software for an alternate site.
It would probably be easier to open a competing WO thread on this forum and moderate it yourself.
I work as a surgeon. Honestly don't have the time to moderate reliably for the forseeable future.
1532.
Post 11024622 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
Perhaps we could have that list in a sticky post at the top of the speculation forum.
Alternatively, I would be happy to pay the hosting costs and register a domain if someone did the leg work setting up the forum software for an alternate site.
Oh c'mon I'm on the list, am I a shameless troll too now? lol
If the cap fits..but seriously you shouldn't be on that list
1533.
Post 11025420 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
Whats the next major support level after $240-$242?
$235-$236 ? then $228?
We get it, you are short. No need to push it Damiano.
Also those three chartists you mentioned are just following the trend. They (perhaps correctly) will continue to predict the price is going down until the exponential trendline is broken. How many chartists predicted the last two bubbles?
1534.
Post 11035475 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
Who is afraid of the big scary asks on finex.
1535.
Post 11051402 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
Just 2000 coins before we go below 230
8600 coins before sub 200.
One click of the mouse, and king bearwhale can throw bitcoin into oblivion.
<snip>
Price drops twenty dollars and suddenly we are close to oblivion says someone who has predicted 0 of his last 20 sub 100 calls correctly.
1536.
Post 11051555 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
You were here in 2011. 70 coins is peanuts mate - and you are probably leveraged 2:1 or 3:1.
1537.
Post 11051813 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
So what you are saying the crowd is bearish and retail have shorted bitcoin to all time highs? What could go wrong?
1538.
Post 11052336 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
This whole setup still feels a bit manufactured. A huge long position slowly built, yet bull whales didn't push higher at 300 or 260 when it was easy to force shorts to capitulate or manipulate the technicals. At the same time as that position is accumulated, retail / technical momo traders are shorting bitcoin to new highs.
Things could go either way. But some huge news and a pump to end the bear market and wipe out retail - shorting something heavily after an 85% decline - wouldn't surprise me.
As usual things will look very obvious with the benefit of hindsight..
1539.
Post 11055550 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
Good morning Bitcoinland.
Took back half of yesterday's loss I see. Over $240 again today?
Still basically sideways, no moon, no double digits.
Isn't waiting fun?
Still waiting for oblivion
I'll pick up another two or three coins next week.
1540.
Post 11056203 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
the most rabidly right wing Brit would probably be regarded as a commie pinko begging to be relieved of their life by their American counterpart.
You noticed that too?
What most countries consider basic public healthcare is considered to be an affront to liberty, democracy, capitalism, and the American Way by many Americans.
Wasting zillions of dollars on the military, prisons, law enforcement, surveillance of citizens, and defense of corporations is OK though.
Absolutely baffling isn't it. Believing in a small state but a gigantic military industrial complex with tendrils reaching every corner of the world
1541.
Post 11062270 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
A little off-topic I suppose (
) but does anyone grok why Huobi always seems to have more dirty laundry than OKCoin?
Goxobi has 0% trading fees and used only for price manipulations, okgox is used to fck those people who go leveraged long or short there. Its so funny to watch that retarded game when chinese bots on goxobi are trying to hide the fact of sub 200$ retesting which is inevitable, but there always must be fools to go long before a major dump and goxobi is supposed to rule those fools.
Inevitable? Fools?
I don't think it will be too long before you experience a margin call.
1542.
Post 11062381 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
I don't think it will be too long before you experience a margin call.
The price may rise, it may fall, but seeing other market participants as fools, or seeing movements as inevitable is monumentally stupid.
1543.
Post 11062958 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.10h):
I don't think it will be too long before you experience a margin call.
The price may rise, it may fall, but seeing other market participants as fools, or seeing movements as inevitable is monumentally stupid.
Its stupid to not see that btc "market" is a totally manipulated scam machine for now but ignorance is bliss tho. Not everyone can see the whole picture instead of some pieces being thrown to the community to force them to buy/sell by those who control btc "market".
That the market is manipulated is obvious to everyone here.
Unless you are implicit in the manipulation then you have no idea which way the market will (be) move(d).
1544.
Post 11074014 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
It looks like really slow/boring downside movement, where we will test support around 200-220..if we break that support, damn, it will take long time before we will truly reverse the bear trend...my crystal ball told me that this morning
so i am placing buys on 20 BTC @ 180...do you think its too low / or still too high??
Iīd say too high, entire movement since january seems now like H/S pattern, which would point to lower lows 90-130. However 180 is safe bet unless you go in leveraged, bitcoin should recover fairly quickly after crashing to bottom.
Many people predicting 80-120 prices...i somehow refuse to believe that after so great fundamentals and difficulty x times higher than 2013 sommer, i would buy in the same range i was buying most of my coins...i will probably go like 80% of my money to 160-180 and 20% i will hide for the final crash to 100-120 but i really don't believe we will go that low...
Bears always planning for one final crash..because 'line on a chart points down'..
Yawn.
1545.
Post 11076159 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Lots of talk from bears who are also losing money on their leveraged positions every day. I say talk because you have already sold or shorted - all you can do is yap or buy the price higher if the market turns.
Waiting for someone else to sell the price lower for you because line on a chart points down. Worked in 2011, right Xiao?
1546.
Post 11076238 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Lots of talk from bears who are also losing money on their leveraged positions every day. I say talk because you have already sold or shorted - all you can do is yap or buy the price higher if the market turns.
Waiting for someone else to sell the price lower for you because line on a chart points down. Worked in 2011, right Xiao?
But they seem to have already been making money by shorting as the price is declining constantly. They have done all the "homework" they needed and we don't know what they have been currently waiting for.
Works until it spectacularly doesn't. See bitcoin log multiyear trend.
1547.
Post 11076648 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Lots of talk from bears who are also losing money on their leveraged positions every day. I say talk because you have already sold or shorted - all you can do is yap or buy the price higher if the market turns.
Waiting for someone else to sell the price lower for you because line on a chart points down. Worked in 2011, right Xiao?
But it's not just a "line on a chart that points down" though.
It's bid sum still being ridiculously low (and still decreasing, while at the end of the 2013 bear market bid sum went nuts, and price clearly followed for example), it's decreasing volume on all exchanges since January (again, after a real capitulation like in 2013, the recovery should be panic buying on progressively increasing volume), the fact that the actual volume on the $150 bottom wasn't all that amazing (on chinese exchanges they are almost a standard volume bar), the fact that overall volume measured in USD in lower than in the 300-400 area especially on chinese exchanges, EW analysis, value of daily mined coins, short term (and also long term) support trend lines broken, recent weak price action etc.
And these are just the technicals.
You seem to have a particular liking for the mythical bidsum without coming clean that the visible order books are a mirage..
I have asked you before but you ignored it.
How much fiat is sat on the exchanges or in hidden bid orders?
And yes technicals are simply 'line on a chart points down or up' however you want to dress it up!
Painting the dance between the longs and shorts as being won currently by shorts is a little silly, lots more money backing the long position, and only a little more and shorts will cover - retail is shorting bitcoin right now, whilst real whales accumulate.
1548.
Post 11076735 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Now things get interesting.
1549.
Post 11076806 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Now things get interesting.
A little off-topic I suppose (
) but does anyone grok why Huobi always seems to have more dirty laundry than OKCoin?
Goxobi has 0% trading fees and used only for price manipulations, okgox is used to fck those people who go leveraged long or short there. Its so funny to watch that retarded game when chinese bots on goxobi are trying to hide the fact of sub 200$ retesting which is inevitable, but there always must be fools to go long before a major dump and goxobi is supposed to rule those fools.
Inevitable? Fools?
I don't think it will be too long before you experience a margin call.
I will quote your post when btc falls below 200$ m8.
Soon m8, dont say you havent been warned.
Lol. Enjoy your new found riches.
Edit: fuckit I'll buy some coins
1550.
Post 11077070 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
I honestly think bitcoin is going to be done within 2-3 years.
These price slumps just aren't sustainable.
Who is going to be interested in an asset that's constantly losing value.
I'm a HODLER but I fear for bitcoin.
NO, you will act like a perma bulltard once fake recover (ie: $200 bounce to $207) happens again.
You always did that. dead cat bounces always make you hope again!
Blah blah blah. Blah.
1551.
Post 11078106 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
I understand price is crashing. I just lost ~40k since buy in at 260$
No difference. I see it dropping as low in the worst case as ~190.
At that point I will kick myself for not having money for cheap coins.
Then I see a push to ~237+ by our friends in china.
Some news will drop and there will be a nice run all the way to 275$.
Which is where I will do some selling.
Then it will crash again while everyone sells that news
Question for the well educated folk?
How much would it take one investor to put into bitcoin to single handedly raise the price ?
Not that I have that money I'm just curious
You can calculate it by looking at the volume. The entire move down from 300 is just a few extremely high volume market sells. Nothing more. Just tot them up.
1552.
Post 11078175 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
I'm bored already, worst dump eva.
Good evening fellow bitcoiners and lovely trolls.
It is so funny to see when after each dump which takes the price down even more, you guys pretend that it is just a small and unimportant market move.
What is funny that you expect anyone on here to not see that these moves are anything other than a single trader with a lot of coins to push the price around.
1553.
Post 11078345 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
I understand price is crashing. I just lost ~40k since buy in at 260$
No difference. I see it dropping as low in the worst case as ~190.
At that point I will kick myself for not having money for cheap coins.
Then I see a push to ~237+ by our friends in china.
Some news will drop and there will be a nice run all the way to 275$.
Which is where I will do some selling.
Then it will crash again while everyone sells that news
Question for the well educated folk?
How much would it take one investor to put into bitcoin to single handedly raise the price ?
Not that I have that money I'm just curious
You can calculate it by looking at the volume. The entire move down from 300 is just a few extremely high volume market sells. Nothing more. Just tot them up.
yeah but don't we need the opposite to happen for it to raise the price?
the pattern looks the same as before, it needs to be broken else cheaper coins are definitely on the horizon
Sure.
But the entity which has sold tens of thousands of coins since 300 cannot do so indefinitely. Once they have sold a sufficient number and collected money from shorting they will move the market the other way.
Unless it is a malicious player like a central bank of course. But even then the market will find a bottom over the longer term.
Selling your coins to buy in lower is tempting right now. But if you believe in bitcoin over the longer term then accumulating now near 200 isn't a hardship.
1554.
Post 11078796 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
I doubt we go below 200.
1555.
Post 11078912 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
ask side suddenly gone on finex
1556.
Post 11079157 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
whats happening to btc
why it is crashing hardly, anyone have idea for this
i haven't seen any bad news why it is dropping -6%
(it's a currently valued at less than $3B cap "currency" with worldwide combined books containing legitimate fiat funds of probably less than $50M total so let's call it 50:1 at best for a value to actual money ratio aka bad , so even the big holders only 1/50 gets to cash out when *the* collapse occurs ... there's 1000 people with combined millions of coins aka the top of the pyramid architects/early miners/pyramid participants and they got all those coins basically for free just by running a piece of software on their laptops so now they can dump indefinitely and make guaranteed $$$ from shorting in the process , as well as continually re-buying lower and continuing to dump if desired ... also there's 3600 coins produced daily mostly by industrial miners which by itself is too much for the market to handle if they were all being sold continuously ... also there's give or take 1,000,000 stolen bitcoins floating around the internet out of the 14,000,000 supply , which may or may not have been already dumped and those are also kind of "free" in that they were stolen ... add to that the likelihood of the entire price history of bitcoin having been dictated by the fraudulent exchange mtgox , which was the only bitcoin exchange for years and years from the beginning and cooked it's books to the tune of billions of dollars and the chart history from pennies to 1200 to now cannot be trusted whatsoever until after they collapsed , and since they collapsed it's been nothing but down , indicating complete lack of genuine adequate support at *any* price since the ATH ... toss in lack of transparency or regulation of any kind for the existing exchanges so it's fairly likely at least a few are actively insider trading/rigging the market/pulling a mtgox ... fuck ... take your pick as to why it's going down ... it goes up only if major $ comes in and buys millions worth in a matter of hours to force the price up / when exchanges use false money or existing customer funds to force the price up through illegal insider trading)
Use the enter key!
1557.
Post 11086922 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Huobi seems empty. Almost nothing in order book on wisdom.
1558.
Post 11087809 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Getting tempted to buy back with my play stash. Was hoping for more but ask side looks shaky. Could snap up in seconds.
1559.
Post 11087908 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Starting to look ugly if you ask me. If buying pressure does not pick up holders will continue to bail at this price level.
Sure the price has dripped lower. But the bids are piling up on finex.
6000 coins to drop 9 dollars. 6000 coins back to 246.
1560.
Post 11087961 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Starting to look ugly if you ask me. If buying pressure does not pick up holders will continue to bail at this price level.
Sure the price has dripped lower. But the bids are piling up on finex.
6000 coins to drop 9 dollars. 6000 coins back to 246.
The orderbook is not usually a good indicator. It stacked to massive buy support before the last round of dumps as whales were selling into their own bids.
I know that the orderbook is a mirage. But it has changed substantially in the last 24 hours.
1561.
Post 11088028 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Starting to look ugly if you ask me. If buying pressure does not pick up holders will continue to bail at this price level.
Looks like lots of buying pressure to me. At least on finex.
don't get confused with the manipulation
What source are you using to see that? Doesn't look like large walls from what I can see. Looks like series of small orders.
This is a serious question. What chart/site/tool are you using to come up with that analysis?
I like damiano. But he is short.
1562.
Post 11088619 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
We're either going to bounce around off 210 before going up or bounce off 166. No lower. Confirm that.
Need four to six confirmations ideally..
1563.
Post 11088628 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
1564.
Post 11088858 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
<snip>
Clearly, the current price (~220 $/BT) is still largely sustained by speculation and speculative holding.
Just like the gold market.
1565.
Post 11089003 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Looks like the bots on Finex are finally switched to buy mode.
Wait for me, don't get all cheap coins, leave some for me.
I literally haven't seen a single bot purchase on finex since that comment :p
1566.
Post 11089919 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
Buy !
1567.
Post 11099962 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
You know the resident troll is failing when the only way to elicit any reaction whatsoever is to create a new account for virtually every troll post. All regular alt accounts ignored by virtually all forum users whether bear or bull.
Reintroducing newbie jail would engineer the desired effect of silencing him permanently I suspect.
1568.
Post 11115990 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
My play stash is waiting to buy in at 198.
That said it could be a ruse to draw in shorts. 4.5k added today. Longs unchanged at 25M. A quick flash crash into the 1xx's would be painful but isn't out of the question.
I get the feeling it is the same guys moving the price up and down and manipulating the orderbooks.
1569.
Post 11116563 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
I certainly hope so, otherwise why would they get paid 30% if there was no risk involved ?
It would be assuring for everyone with any money on Bitfinex to know what their policy is in this situation.
They could haircut everyone, including exchange accounts, or go gox for all I know.
Dont be silly.
1570.
Post 11118125 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
just sit tight and relax.
Most sensible thing you have said on here!
1571.
Post 11118290 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.11h):
It was silly once thinking about mtgox blowing up and all their customers losing fucking everything. Not to mention this is exactly what happened to bitcoinica. (Exchange in the red because of laggy liquidations.)
It was silly to predict that coinbase would run off with peoples money but that didn't stop you predicting it on here!
1572.
Post 11129405 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
Yeah. But btc is limited.
1573.
Post 11131710 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
Although I have been waiting to buy in with my play stash, it seems that longs have no intention of closing. Shorts already at 28300(!). This could go either way but if someone is in the know with big news then this would be a great point to start a bull run.
Shorts opened in the last few days are enough to move up most of the ask order book on finex with 20k left to drive the move up the next 100 dollars.
Edit: literally everyone is waitibg for this next dip to buy
1574.
Post 11131771 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
after a low volume 7 $ bounce we are about to make our move up for another 100 $.
Keep shorting
what could go wrong?
1575.
Post 11132856 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
people are leveraging up on both long and short sides.
BTC swaps on bfx at ATH?
Yes. They will burn.
Everyone seems to be waiting (myself included) for another high volume reversal after a dip. Not sure why that is necessary when the entire decline from 300 is staged.
It is more likely we just inexplicably see heavy buying and short covering back up into the high 2xx's and then a push to end the bear market exponential trendline.
1576.
Post 11132984 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
Getting an urge to go leverage long with my 50 btc play stash. Must. Not. Give. In.
1577.
Post 11133050 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
3 $ up on no volume after an uncontested descend of 80 $ and bears are losing it?
If you compare with 17. April... Longs are more or less on the same level, but shorts are up a lot.
so what? bulls are again going full retard long on margin, so shorts going up is normal.
if you want to compare something then try with longs: when the attempt to break 300 failed longs were at 24 mils. we are 80 $ down and we are again closer to 26.
Nothing failed at 300. Bull whales could have pushed us through easily. This is accumulation of a huge cheap long position.
29000 shorts are the rocket fuel.
What you think the price is going down forever because a line on a chart points down?
1578.
Post 11136007 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
Yep, that is a greater than 1 million dollar buy wall sitting on Coinbase since Friday. Someone would have to sell over 7k BTC to see $220 flat.
Ten more of those walls on there and good luck getting the other exchanges to budge lower.
1579.
Post 11136528 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
Getting an urge to go leverage long with my 50 btc play stash. Must. Not. Give. In.
I think there's a bit more downside (sorry guys). Technically things aren't looking great unless you can call this low volume chopping around a bottom--I can't. 3d macd solidly in the red. Daily chart bear flag in the works looking a bit foreboding. Whales seem intent on getting a panic shakeout near 200s or lower. Save your longs until then when everyone's freaking out.
All this chopping around from 220-230 is fake. The people who do get caught in the middle are those who are buying those shorts.
Thursday show @230 I gotto admit was pretty good.
Since we have gone from 22000 to 29200 shorts in a few days and the longs havent moved, whilst the price has risen, I would agree it is fake but not in the way you suggest. Borrowed selling and real buying by the looks of things.
1580.
Post 11137087 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
walls bouncing a lot..
1581.
Post 11137153 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
asks melted on finex. curious.
1582.
Post 11137716 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
mmmm i have a feeling things are going to get ugly within 8 hrs
Your feelings seem to be fairly attuned to your active positions
1583.
Post 11137829 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
mmmm i have a feeling things are going to get ugly within 8 hrs
Your feelings seem to be fairly attuned to your active positions
Is that a bad thing? What's better - someone who openly states their positions and shares their opinion on the market, or the guy who just says "moon tomorrow" / "double digits within a week"?
I must have missed his declaration of his positions!
1584.
Post 11155477 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
New moderation seems to have rid us of the NLC infestation
1585.
Post 11185333 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
If I understand your philosophy re: Bitcoin, there is only 'the worst': Either Bitcoin will fail on its own defects, or some government(s) will destroy it, if it works as designed. Is that a fair summation of your position?
As it says in my signature,
I cannot imagine a plausible future where bitcoin will be successful. I see many ways in which it could fail, those are two of them. The more I read, the more skeptical I become.
Take the economy of mining, for example. Yesterday I found
this paper claiming that the bitcoin mining network now consumes about as much electricity as the whole country of Ireland , ~1 GW. I found that hard to believe, but it seems correct. For what? So that some drug dealers can be absolutely certan that their customer will not double-spend them? So that no one can retroactively change the amount that someone spent on Overstock? So that the police cannot seize the coins of ransomware criminals?
That absurd consumption of energy does not have any rational justification. It does not even make the network more secure against 51% attacks, because it is still the case that 4-5 mining entities have more than 51% of the hashing power, and that situation is more likely to get worse than better if the network grows more. Moreover, further price drops and/or the next halving may cause morethan 51% of the hashpower to be turned off -- and may be acquired or rented by a hostile entity, at scrap iron prices.
The absurd consumption of energy is merely a consequence of the block reward being fixed at 50 BTC irrespective of the price,
and of the price being 50 times what the current use as currency would imply. The overvaluation, in turn, is a consequence of the fixed supply, that created the mirage of a currency whose value will grow to astronomic levels; a mirage that led to a spiral of hoarding and absurd price increases. The overvaluation also resulted in the block reward being 100 times or more the typical fees contained in a block, so that miners have essentially no incentive to include transactions in it. Worse, the network consumes about 1 million dollars per day that must be provided by new investors, lured by the promise of fabulous speculative gains. And the absurd will only grow if the price increases again.
This system simply does not make any economic sense.
It is not sustained by sound market principles, but totally by hype, by the belief of gullible people that they will become billionaries if they just buy as much bitcoin as they can and hold hard to it.
From what I have read around, most people who claim to believe in bitcoin's future do so because of various reasons -- because they own bitcoins, because they are employees or investors of bitcoin-related enterprises, because they see it as a way to buy drugs and other illegal things, because of hallucinations about it ending poverty, corruption, banks, governments... but almost never because they rationally believe that it will be a viable currency and efficient payment system. Which is the only thing that it was designed to be, and it is becoming clear to everybody that it will not be.
You cannot see any posssibility of bitcoin succeeding. Yet here you are and bitcoin plods on month after month, year after year, unabated.
I have tried to explain to you before that your calculations for the 'correct use' price of bitcoin are completely meaningless. Bitcoin
has and for the forseeable
will have an exchange value which is largely derived from it's speculative value as a commodity and a store of value - not utility as a currency. You might not like it it but tough. If bitcoin eventually functions as a global ecommerce currency then you might find some validity in your suggestions at that stage. Until then your calculations about what you deem fair value for bitcoin will always be wildly wrong. The price is set by the market - and the market has seen it differently for
years.
You are again wrong when you say the network consumes 1 million dollars a day.
The network consumes nothing. Instead the network spits out the block reward (and transaction fees) every day to the miners who secure the network. The exponentially decreasing block reward dilutes existing bitcoin stock as the coins are distributed. Miners have income, costs and possible profit but these are unrelated to the bitcoin exchange price or the distribution schedule of new coin supply. Mining generates a diminishing portion of the supply of coins which may be sold on exchanges, but that is a small factor in the complex supply and demand relationship that creates the bitcoin exchange price.
Oh and bitcoin is precisely valued following sound market principles. The price is set on freely accessible exchanges all around the world. How much it is manipulated is a different matter
1586.
Post 11190962 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
Why you get-rich-quick-hipsters don't buy more bitcoins? We need a bigger bull trap.
they don't have any usd left
Yap yap.
Some of us have plenty, thanks.
1587.
Post 11200423 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
I guess someone just had to sell 8k coins last night. Lol.
1588.
Post 11201123 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
Good good....
Despair...
You know the age old adage right.
I heard the beanie babies market is in despair too. Investors are losing hope. Should I buy?
If it stops you boring the hell out of everyone here then sure.
1589.
Post 11201428 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
stupid cultists get out and leave speculators/gamblers who just wanna make money alone
thisiswhywecanthavenicethings.jpg
Two points:
1) You've been wrong about bitcoin for years.
2) Holding bitcoin is a pure form of speculation.
1590.
Post 11201662 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
stupid cultists get out and leave speculators/gamblers who just wanna make money alone
thisiswhywecanthavenicethings.jpg
Two points:
1) You've been wrong about bitcoin for years.
2) Holding bitcoin is a pure form of speculation.
1) No, but feel free to skim through 8k posts to nit-pick something I posted years ago out of context
2) Fine then do that and shut up about it.
Watching the football and I can't be arsed to pick through 8k posts of negative crap from when btc was in single digits to prove my point.
Holders are just as entitled to post on here as anyone else.
1591.
Post 11201786 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
Holders are just as entitled to post on here as anyone else.
But you shouldn't, because your prejudged decision doesn't require any debate of any kind, in contrary to other people who debate their decisions. This is why your posts read like a broken record and that's why you
should stop posting.
Stop trying to stifle debate. It's pathetic.
1592.
Post 11201857 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
stupid cultists get out and leave speculators/gamblers who just wanna make money alone
thisiswhywecanthavenicethings.jpg
I am struggling to see your discussion about the orderbooks or price action in this post which started this all off.
1593.
Post 11202015 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
Ask side orderbook looking pretty empty. Shorts at all time highs. Bears crowing the end is nigh.
If we breach 210 I will move my buy target down to 160. But if we bounce off here then we just put in a higher low and next stop 300 IMO (with a solid floor in the low 200's to base from for the rest of the year.
Probably a good place to accumulate for the medium term.
1594.
Post 11202585 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
Since everyone are short again (almost 32k shorts on finex) I guess it is time to place long position. 215$ looks like a good price... at least last time it was
Major support has been broken
keep that in mind
I don't really look at support levels and so... Bitstamp ask side is empty, ask walls on Bitfinex are there only to force other traders, who believes this is end of bitcoin, sell/short this thing.
I'm not saying we can't go lower, but I believe we can see a bounce to 230$.
Btc is massively oversold, over shorted, full of 'cant lose' twenty somethings betting on leverage from college. The next move should be spectacular.
1595.
Post 11203077 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
Nothing to see here. Look this is an entirely natural decline. Bitcoin only goes down because line on a chart points..oh shit.
1596.
Post 11203296 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
FUUUU Prices are falling like a stone in the water
Sub 200 this time?
I doubt it.
For a few months this has turned into a pump dump pump dump never ending story.
As I was saying , we'll go back up from here
220 here we come
Holding this level would mean we retest 300 again. See how many shorts fold now.
1597.
Post 11210495 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.12h):
1598.
Post 11214026 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
The fun starts at sub $200
double digits soon!
you can quote me.
Silly shorters.
1599.
Post 11215431 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Shorts on finex back over 33000.
We could go up or down. But holding support, GBTC trading commencing with a nice squeeeze would be fun, eh doomers?
1600.
Post 11216664 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
poor fuckers, I will make a ton of money on you.
You are not very pleasant, and no amount of money will fix that you camel humping douchette
between being kind and pleasant to idiots on bitcointalk and being rich in reality...I choose rich every fucking day.
screen caps of your flawless trading or it didn't happen.
Based on his whining during the previous run from 237 to 300 he is guessing like the rest of us.
1601.
Post 11216683 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
The fuckery with BTC-E is too strong, I'll wait it out a little bit, but if it goes higher I'll short the hell out of it
Just seen the price oh my.
Time to buy.
33400 shorts..rates rocketing lol. Slightly predictable.
1602.
Post 11216803 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Great rise but looks very fishy. Maybe big fraud with stolen $ at btc-e? Some big whale account hacked etc.?
I wish we'll know the reason of this rocket:-D
All that matters is if a few k more coins are bought on finex then shorts will begin to capitulate, if that happens in an uncontrolled manner then the college kids shorting bitcoin will learn a valuable lesson about leverage
1603.
Post 11216918 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
lol all this buys and price barely going up and it's going down so easy on tiny volume
Patience
1604.
Post 11217040 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
I'd be surprised if those got filled as there are plenty more offers that have a zero between the decimal and the number. Even then, these are respectable swap offer as they've been down a third or more recently.
those are filled loans
the absolute cheapest bitcoin to borrow right now is 0.5498% daily
Keep shorting, retail. What could go wrong?
1605.
Post 11217064 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Right off to bed.
Good luck tarmi.
1606.
Post 11222870 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Still waiting for my buy order at 201 to be hit. Doomers on here keep promising sub 200 but all I see is shorts at ridiculous levels and the price holding. Watch that short swap rate slowly climb.
1607.
Post 11224228 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
What a great setup we have here. Market overwhelmingly bearish with retail shorting bitcoin to all time highs at the end of a bear market. Coin supply dwindling and swap rates rising on finex.
All we need now is a spark start a cascade of short contract capitulation, say, the opening of a wall street etf.
1608.
Post 11224273 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
What a great setup we have here. Market overwhelmingly bearish with retail shorting bitcoin to all time highs at the end of a bear market. Coin supply dwindling and swap rates rising on finex.
All we need now is a spark start a cascade of short contract capitulation, say, the opening of a wall street etf.
With all due respect to the powers that be, I don't think many of us got into Bitcoin giving a shit about Wall Street. I don't see why that should change now.
True. But for bitcoin to attract new participants it either needs a stable value or not to fuck over everyone who invested previously. A great way for that to happen is for it to function firstly as a store of value (e-gold) and then function as a working currency second.
1609.
Post 11224401 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
What a great setup we have here. Market overwhelmingly bearish with retail shorting bitcoin to all time highs at the end of a bear market. Coin supply dwindling and swap rates rising on finex.
All we need now is a spark start a cascade of short contract capitulation, say, the opening of a wall street etf.
With all due respect to the powers that be, I don't think many of us got into Bitcoin giving a shit about Wall Street. I don't see why that should change now.
True. But for bitcoin to attract new participants it either needs a stable value or not to fuck over everyone who invested previously. A great way for that to happen is for it to function firstly as a store of value (e-gold) and then function as a working currency second.
Gold and silver have destroyed as many fortunes as they've made. I don't expect Bitcoin to behave any differently and don't see why it would.
If you cannot see what suddenly allowing the vast sea of investment capital (multi trillion dollar pool) access to btc could potentially do to the price then I can't help you. Just fifty million USD would smash the price into the stratosphere.
Big picture remains that bitcoin is an excellent assymetric financial bet to speculate upon. Why do you think all the trolls and bears are really here?
1610.
Post 11224508 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
I am a little tired and unimpressed with all those fake massive bid walls going around in circles.
We had 5 k wall on coinbase, free willy bot on btc-e, 5 k wall at bit penny stock fund (the most hilarious one, because there is 0 % risk that it will be filled)...and mickey mouse chian exchanges doing their magic as usual...
...and yet a 5 k dump on stamp would instantly bring us to 180. not to mention 26 mils of longs sitting on bitfinex since god knows when.
price barely moving for days, idiots talking about a secret rocket building in the middle of a whale conference (haha!)...
how about no?
How dare you to break wet dreams of steers praying about over9000 $ per btc without inevitable retesting of sub 200$ levels, cheesus dont like you.
Well a quick look at the stamp orderbook shows a 5k purchase would drive the price up to 270.
Shorters have already shot their load. All they can do is buy the price up higher if we move up another few percentage points. Tarmi knows this better than most
1611.
Post 11224782 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
If you cannot see what suddenly allowing the vast sea of investment capital (multi trillion dollar pool) access to btc could potentially do to the price then I can't help you. Just fifty million USD would smash the price into the stratosphere.
Big picture remains that bitcoin is an excellent assymetric financial bet to speculate upon. Why do you think all the trolls and bears are really here?
Good point that a paper BTC derivitave (like GBTC and COIN) will attract a small but significant sum of money from investors who want to hedge against recessions and market/currency/economic crises. It's yet another tool for portfolio management.
This fact alone puts it on the radar for Wall Street, who make money selling these investment instruments to the public. They have undoubtedly "helped" the bear market due to the fact that there are so many green traders who are easy to shake out.
Think about this: Hedge funds aren't allowed to buy bull markets--in fact this is a great way to lose your job of you work for one--instead they buy down markets. When they buy, they buy low and they make sure to not mark the price up. Why would they make you rich at their expense? If the $200 level holds it's good evidence that these prices are "low" to whomever seeks to build a position in Bitcoin, and they hope to revisit higher price levels in the future.
Seeing how twitchy and hungry for good news this market is, watch everyone fat finger the margin buy button if GBTC begins trading at any price above spot.
Exactly. Which is why the huge overhang of 32000 shorts is brilliant. Relatively modest buying is all that is needed to start a nice little upswing back towards 300.
1612.
Post 11226974 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Short swap interest up to 0.065%
Not long until it reaches the long swap rate.
1613.
Post 11227013 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Short swap interest up to 0.065%
Not long until it reaches the long swap rate.
That isn't that bad especially if coins are returned quickly.
Why is the rate rising?
1614.
Post 11227093 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Short swap interest up to 0.065%
Not long until it reaches the long swap rate.
That isn't that bad especially if coins are returned quickly.
Why is the rate rising?
Not sure, I don't think it's to high tbh.. .04%-.07% I think is acceptable. Of course it really depends on how long they are borrowed for as well.
Sigh.
1615.
Post 11236520 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Doomers droning on about 150 dollar coins. Price up. Lol.
1616.
Post 11237308 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Very quiet here now. Are you busy buying or just not paying attention mates?
Those who are shorting should be worried.
Numnumnumers. Ahuh.
What could go wrong! It's free money, right?
1617.
Post 11240855 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Right. Going long.
1618.
Post 11242286 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
WTF tarmi, why haven't you shorted this back to $225 yet?
Curious absence of bears. Glad I went long this am.
1619.
Post 11242404 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Where are those double digit coins tarmi promised us?
In a few months (or maybe even weeks) in the future, that's where
You keep trotting out bidsum charts like it matters a jot when we are heading for 1 billion USD VC capital investment this year.
If you can't see the price being suppressed with short selling and regular manipulative market sells since 680 last year, can't see that it has been about a secobd chance for the bigboys to accumulate coins, then I can't help you
Don't say you weren't warned.
1620.
Post 11242550 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Where are those double digit coins tarmi promised us?
In a few months (or maybe even weeks) in the future, that's where
You keep trotting out bidsum charts like it matters a jot when we are heading for 1 billion USD VC capital investment this year.
If you can't see the price being suppressed with short selling and regular manipulative market sells since 680 last year, can't see that it has been about a secobd chance for the bigboys to accumulate coins, then I can't help you
The amounts in shorts on bitfinex and other exchanges is too low to account for the one year downtrend. It's peanuts.
VC money doesn't matter that much, it doesn't have a direct impact on price. Think about the value of all the mined coins in the same year (increase in supply by more than 10%), and THAT has a direct impact on price
I'm just trying to form my opinion on market without bias based on TA, don't worry if BTC is bound to actually reverse up I'll be long on it
OK.
I would say the 'float' to guide the price is actually pretty small. My second point is that companies like Goldman and others who are investing hundreds of millions in bitcoin companies are certainly not leaving currency valuation to script kiddies. They are accumulating. Buy low..sell high!
1621.
Post 11242564 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
yea, well...too bad it wont go higher.
Short it then.
1622.
Post 11242611 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
yea, well...too bad it wont go higher.
It doesn't need to. Lots of fun to come in the 200-300 price range.
fun starts below 150.
Fun starts when GBTC trades and we jump up again really testing shorters. Oh and you buy us up higher when you cover.
1623.
Post 11242626 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
yea, well...too bad it wont go higher.
It doesn't need to. Lots of fun to come in the 200-300 price range.
fun starts below 150.
Fun starts when GBTC trades
that will be great time to sell.
1624.
Post 11244513 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
240 comin' up. Getting nervous bears?
240 seems to be important for the TA people, might rattle some cages
Tarmi the resident shorter is now underwater with his alleged positions at 230 and now 235. Might be important to him, too
1625.
Post 11244871 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Good morning Bitcoinland.
Been away for a few days and I missed the buying opportunity under $220. Oh well, I'll just have to wait for the next dip.
Nice to see last night's little rise to over $230 again. Will it last this time?
Nobody can say for sure; there's a chance that the bear year is over though. The numbers are turning green one by one, but this could also be orchestrated. If you notice, there's nervous buying in of huge amounts that pops the price 15-20$ up. Let's see when the ETF will be released what's the next rally will look like.
I'm hesitant to declare that the bearish year is over.
It'd be very welcome though, it's about time we had a relentless price surge upwards.
We need to run up and bust that $300 in the nuts
Don't worry. Shorts like tarmi have provided 4.7k buying pressure on finex today. A little further buying from bulls in relation to GBTC trading and circle's latest funding round will encourage more to cover and buy us up the orderbook further.
>27000 still open, which up to very recently was still a massive number of contracts to be pushing down the price.
1626.
Post 11245001 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Off out for a beer.
Please gap up 20 dollars in my absence
1627.
Post 11247684 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
We seem to be missing NLC, NHJT and tarmi for some reason.
1628.
Post 11247926 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
We still have 27,000 shorts hanging over the market on finex.
If sustained buying continues they will gradually cover or capitulate. Closing shorts accounts for nearly 5000 coins purchased on finex today alone.
Keep it up bulls!
1629.
Post 11247979 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
We still have 27,000 shorts hanging over the market on finex.
If sustained buying continues they will gradually cover or capitulate. Closing shorts accounts for nearly 5000 coins purchased on finex today alone.
Keep it up bulls!
I see a lot of TA people believe we're still going down again, at least to the 210s. If enough shorters follow this pattern they might not start covering their shorts until we're past 280. That should help us climb past 300.
Disclaimer: Idiot at work, please punch holes.
TA has a place. But didn't predict any of the previous bull runs, nor does it react to events which drive the price.
1630.
Post 11248180 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Now would be a good time for a Loaded smiley.
1631.
Post 11271983 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Price up into the 240's.
Shorts slowly covering.
Going to plan. Thanks for your money tarmi.
1632.
Post 11272462 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Speculation thread, make a call.
Win and Lose With Dignity and Honor, when you win, you do not brag or gloat about it. When you lose, you accept it with grace. However temporary it may be.
Business as usual will be assumed shortly probably. Ho hum. Every
point of view has its day.So does every bear market!
And I was fairly restrained compared to the rabid scaremongering that the usual suspects spew on here to try and induce panic selling.
1633.
Post 11275955 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Come on shorters. Try and push it down a bit further so i can buy in.
1634.
Post 11276027 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
If you're short now you're either crazy or stupid. Or both.
There are a lot of crazy stupid people on this thread it seems. Though they seem to have gone totally silent after the price inexplicably failed to crash to $160 last week.
1635.
Post 11279185 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Tim Swanson (who understands bitcoin's economy much better than most bitcoin gurus) is looking at the miners as an entity that performs a service to the "bitcoin system" (validating and securing transactions) in return for a payment (the block rewards and transaction fees).
That's where you and Tim are mistaken prof. You are completely ignoring the main function of the block reward, which is to distribute the tokens.
That may be
one intended function of the block reward; but now it is effectively the main payment that miners get for their work. (It is far from ideal for both purposes, though. The 25 BTC reward would be adequate if the price was in the single-digit range; which would be the case, if Satoshi had not been brainwashed by his libertarian friends with that Austrian Economics fiction about deflationary money...)
oh cool, you know the future with perfect certainty, must be nice.
well, no harm then in letting us crazy libtard anarchist criminals try it out then, right? It will just fail instantly and you and your statist brethren will have definite proof that it can't work and you'll get to suck big brothers dick in peace forever and ever
Jorge deliberately chooses to ignore the role of a bitcoin miner. That role is to distribute new coins and maintain network security. Moaning that miners get paid with the block reward and that this somehow makes bitcoin inefficient is stupid. It is a design choice. The block reward is falling exponentially and the coin inflation he is so concerned new users have to pay for will be irrelevant by 2020.
1636.
Post 11280015 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.
Do you not have a sense of unease when your only response to an argument it to try and insult the person? I think that any interested lurkers on this forum reading these responses would be left feeling that there are few real arguments to support bitcoin.
If you wish to disagree, then lets see your argument. Otherwise, maintain a dignified silence.
He ignored my response.
1637.
Post 11280642 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Time to try and shed a few more of the 26000 shorts.
Tarmi, luckyenough, NHJT, NLC all notably absent.
1638.
Post 11280804 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
To break the logarithmic downtrend technically the price has to reach about 298 today. By June that has come down to 275.
The bears are going to have to work increasingly hard to break the price down to lower and lower levels and prevent challenges on the trendline from occurring.
We just witnessed a mini shorting bubble to 34k shorts and they couldnt break the price below 210 even helped with the Evo scam.
Shorts are dreaming of a long squeeze. A long squeeze that didn't occur when the price hit 166. Bulls have the upper hand now IMO. The final technical break of the down trend line is in sight - less than 60 dollars away. A single small event like GBTC trading at an ask above 300 could be the only trigger required to ignite the end of the bear market definitively. This could happen at any time.
Once the price moves upwards then watch shorts scramble to cover at first in profit, then just to get the hell out of a losing position. 26000 shorts remain open and most opened below 300.
Good luck to all.
1639.
Post 11282918 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Lets see what happens.
Either bitcoin is very underpriced or GBTC users are happy to pay a heavy premium.
Dumping into the opening on a Chinese exchange shows the degree of desperation from bears - yes you will have to cover your positions
1640.
Post 11282973 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Lets see what happens.
Either bitcoin is very underpriced or GBTC users are happy to pay a heavy premium.
Dumping into the opening on a Chinese exchange shows the degree of desperation from bears - yes you will have to cover your positions
Well, to be fair, I think it was a valid attempt and could have turned out to be a wise strategy. Often it is "buy the rumour, sell the news" that works best in Bitcoin. With GBTC starting to trade, bears could have smelled a similar opportunity as with Coinbases exchange back in January! It was a run-up, and as soon as it went live - Boom, the bubble burst, back to $220. Could've worked this time, as well...
It hasn't.
Surprised we havent seen some big market buys tbh.
1641.
Post 11283051 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.13h):
Lets see what happens.
Either bitcoin is very underpriced or GBTC users are happy to pay a heavy premium.
Dumping into the opening on a Chinese exchange shows the degree of desperation from bears - yes you will have to cover your positions
Well, to be fair, I think it was a valid attempt and could have turned out to be a wise strategy. Often it is "buy the rumour, sell the news" that works best in Bitcoin. With GBTC starting to trade, bears could have smelled a similar opportunity as with Coinbases exchange back in January! It was a run-up, and as soon as it went live - Boom, the bubble burst, back to $220. Could've worked this time, as well...
It hasn't.
Surprised we havent seen some big market buys tbh.
Yeah, it hasn't, which is good. But one is always wiser in retrospect! I'm actually quite relieved and almost surprised that we haven't seen a dumpfest as soon as GBTC went live. But them trading at 50% over spot price seems to be good news for a change. What about that incredible wall on Stamp?
1500 coins? Stamp is on life support tbh.
1642.
Post 11283533 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
so? where my GBTC pump?
Where are your shorting colleagues?
1643.
Post 11283592 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Aww, what's happening now... Let's just hope that we'll form a double-bottom on the short-term support line that's been established over the last few days and bounce right back into the $240s... I don't feel comfortable leaving this uptrend-channel
It's a probing bot that pushes the market down on low volume to absorb selling, catch stops, etc. It puts big hidden orders right above the market so the price can't move up, market sells a bit to make the amateur traders nervous, catches what it can of the selling, then reverses. Very clever.
Or markets test the resistance at 243, it doesn't break, so it pulls back. No conspiracy
Someone dumping the price lower isn't quite the same as 'it doesn't break'. But if the tape is painted it is still the tape!
1644.
Post 11289404 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Shorts up nearly 1000 to near 27k. Longs down slightly. Price back to where it was two days ago.
It would be nice to see the bears get excited again and start to heavily short bitcoin from here. A single bullish large market order and the fun begins again.
1645.
Post 11289721 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
The price is down ten bucks. Where are the rest of the doomers?
1646.
Post 11289877 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
I found it more interesting how people are willing to pay much more for btc/shares or anything else on one regulated market rather on those shady exchanges most of us are using... We all know those exchanges probably won't survive in next years, because regulated and trusted exchanges will surpass them. So question here is, who will go down first? My guess is Bitfinex. They probably already working on fractional reserves, not to mention they are under big manipulation.
It is just heavily short whales dumping the price lower to prevent buying in response to GBTC trading at a hefty premium to the exchange price. If a 5000 coin transaction goes through then things could get interesting really quick.
The price could be forced lower by selling down the orderbook further but we all know that is just someone manipulating the price lower to induce panic - it isn't natural selling. There are still 27000 shorts hanging over the market like a sword of Damocles. Shedding 5000 brought us up from 213 to 243. Already they are starting to creep back up.
I am buying here. I see value in the low 2xx's. After the high volume reversal bears have failed to break resistance between 200 and 220 on 5 successive attempts. Bullish announcements abound. Capital investment roars ahead. It is just a matter of time before the price fights higher.
I wouldn't be surprised if we retake 240 today.
Edit: a further 500 shorts just opened. Now up to 27500.
1647.
Post 11290294 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
wtf just happened on huobi?
30k btc trade but no movement....
Look at the orderbook on huobi to see the truth. The volume is almost entirely fallacious.
1648.
Post 11290448 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
I found it more interesting how people are willing to pay much more for btc/shares or anything else on one regulated market rather on those shady exchanges most of us are using... We all know those exchanges probably won't survive in next years, because regulated and trusted exchanges will surpass them. So question here is, who will go down first? My guess is Bitfinex. They probably already working on fractional reserves, not to mention they are under big manipulation.
It is just heavily short whales dumping the price lower to prevent buying in response to GBTC trading at a hefty premium to the exchange price. If a 5000 coin transaction goes through then things could get interesting really quick.
Ah, come on. You don't really believe that now, do you? The only response to GBTC was to sell, since the dreamed about take off did not happen.
Nobody needed to do anything to "Prevent buying" anywhere. That is just nonsense, and I have a feeling you know it too.
Yeah the price dumping from 238 to 231 in 2 minutes overnight is natural selling.
Anyway after the next three months it won't matter a jot. The log trendline is rapidly falling towards the current price.
1649.
Post 11293904 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem
Believe what you want, but Citadel is not taking a long position on GBTC.
How do you know?
1650.
Post 11293967 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem
Believe what you want, but Citadel is not taking a long position on GBTC.
How do you know?
The bid is from Citadel Securities.
Right. I seem to recall a story on reddit about bitcoin citadels. Makes sense.
1651.
Post 11300618 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Order book on finex looking very bullish (though often a mirage). Shorts at 27700. Longs over 25 million.
I get the feeling the market is waiting for something. Perhaps if this 5000BTC bid goes through we will see some real heavy buying on exchange.
We are at an interesting inflection point. Interest in bitcoin is very low and the price is low. But at the very end of a bear market this is how it should be. Traders are shorting something they think has no future to extreme levels. But the price fails to go down any further. And just in the distance the technicals may be about to blossom. I suspect the bull will be reawakening soon and the opportunity to buy in at 235 will have been squandered by many.
1652.
Post 11305778 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
I see we dropped 3 dollars on low volume.
Bears back in town? Lol
And most of it is extra shorts
up to 28400
Timber!
1653.
Post 11305829 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
I see we dropped 3 dollars on low volume.
Bears back in town? Lol
Nice timing to bitch about bears...
Actually it is a nice time to buy.
1654.
Post 11305845 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
I see we dropped
3 dollars on low volume.
Bears back in town? Lol
And most of it is extra shorts
up to 28400
u use Homer Simpson math?
At the time of posting it was. I see we dropped another 3. Hold me!
1655.
Post 11305868 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
I see we dropped 3 dollars on low volume.
Bears back in town? Lol
Nice timing to bitch about bears...
Actually it is a nice time to buy.
What is there left to buy?
If you bought at least 10 satoshi every time you posted here that "you're buying" or "thanks for the cheaps coins" , you probably hold more coins that have been mined
))
And your point is what exactly? We aren't all penniless college kids you know..
232 on finex lol
1656.
Post 11305907 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Hilarious watching this bear whale just market sell over and over lol.
No manipulation in btc they say
1657.
Post 11305948 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
WTF are trying to do Finex?
looks like some big leverages got force-closed in last hours
Bfxdata not showing that yet. Source?
1658.
Post 11305992 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Yes. Bit of a Somme going on!
1659.
Post 11306086 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
I would be sleeping soundly if i was holding one of the 28500 short contracts open after that performance. Not
1660.
Post 11306111 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Another 1k shorts..approaching 30k again
1661.
Post 11306163 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Someone just bought 40000 coins
1662.
Post 11306188 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
The bears keep trying to dump the price, poor little bears they are desperate.
After 35000 bitcoins burned and guess what? We are still above 230usd.
You say the bears are
desperate?Im mining 4 hours ago and i only have 12 orphans, lol, with 130 khash/s :S
Can someone help me sending me a few yacoins? YEAoG4zPBHt2npLeyt5fRCNDALPRToiqAR
Im from Argentina and im on a way to be rich.
Stop being an odious little toad.
1663.
Post 11306223 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Stop being an odious little toad.
Sorry , I can't stop it when I see wanna be millionaires acting all mighty with 10 bucks in their pocket.
Ironically this forum is full of millionaires.
The question I have is, 'how much more ammo do the sellers have?'.
You can only sell bitcoin once
1664.
Post 11306259 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
More market sells
1665.
Post 11306298 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
<troll crap>
Are you saving rmbku for something special?
Its NLC. Just ignore.
1666.
Post 11306393 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Yea strong stability. From here it is just waiting for the next big bitcoin rally basically.
Not a lot of margin to work with for the day traders.
One thing is for sure though: You do not want to get caught on the wrong side (short) when the rally kicks in.
I think this is now looking bullish.
Price recovered to >230
Shorts over 30k
Last time they went over 30k we rallied from 213 to 244 and tarmi disappeared. I wonder how high we bounce this time.
1667.
Post 11306636 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Down a few dollars. Still just 1400 coins on finex back to 234 lol
1668.
Post 11306700 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Down a few dollars. Still just 1400 coins on finex back to 234 lol
Awesome.
1600 coins to 430 on stamp
=))))))))))))))))))))))))))))))))))))))))))))))))))))
Such is a protracted bear market. But it cannot go on forever
1669.
Post 11306740 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Down a few dollars. Still just 1400 coins on finex back to 234 lol
Awesome.
1600 coins to 430 on stamp
=))))))))))))))))))))))))))))))))))))))))))))))))))))
Such is a protracted bear market. But it cannot go on forever
NOTHING can go on forever.
Not this bear market , not a bull market , and not bitcoin of course.
Sooner or later everything will be reduced to dust and memories
Quite. I do rather hope btc rises before then though (so I can buy myself a nice yacht)
1670.
Post 11309572 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
So post dump there are more bids on the order book for us to drop 6 dollars than to buy us all the way back to 258. Longs up a bit. Shorts over 30000.
Come on bulls!
1671.
Post 11309643 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
So post dump there are more bids on the order book for us to drop 6 dollars than to buy us all the way back to 258. Longs up a bit. Shorts over 30000.
Come on bulls!
inca do you trade or do you just HODL for the future?
No reason, I'm just being nosey.
I trade very sparingly. But i do have about forty coins on finex to gamble with. I buy once a week on circle and have done for months.
1672.
Post 11309722 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Going to buy one of these I have decided and store coins with BIP38.
https://www.cryobit.co/cold-storage-products/cryo-card/
1673.
Post 11309815 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
so what happens if you have a keylogger on your computer?
Create the bip38 address offline with tails or in my case a Chromebook.
1674.
Post 11309862 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
so what happens if you have a keylogger on your computer?
Create encrypted private key on air-gapped machine, copy via USB (or type manually).
1) Usb keys are known to be capable of having viruses on them even if they are not connected to the internet.
As far as I understand the infamous Stuxnet virus operated like that.
2) seems like a massive hassle to type things manually from an air-gapped machine.
3) In my opinion having such concerns kind of ruins the point of purchasing a special BTC hardware wallet. If you need the wallet and additionally need an air gapped machine you may as well just purchase a different hardware wallet that is less of a hassle eg. a trezor or a Case hardware wallet etc
This is multi year cold storage that can be loaded up by qr code into a mobile wallet such as mycelium or manually entered in seconds. The only hassle is creating the bip38 address securely.
1675.
Post 11309886 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
So post dump there are more bids on the order book for us to drop 6 dollars than to buy us all the way back to 258. Longs up a bit. Shorts over 30000.
Come on bulls!
inca do you trade or do you just HODL for the future?
No reason, I'm just being nosey.
I trade very sparingly. But i do have about forty coins on finex to gamble with. I buy once a week on circle and have done for months.
Having 40 coins to "gamble with" sure sound like you still have a pretty nest-egg in cold storage. I bet
most people in Bitcoin would be pretty thankful if they had that amount of coins, even at todays' prices!
Depressingly for all concerned 40 coins is a speck compared to what the big specs are playing with
1676.
Post 11310117 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Chartbuddy telling the story today. Look at that finex orderbook
Edit: back over 230. Off to the gym.
1677.
Post 11311112 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
price keeps artificially supressed by london bearwhale team and followers. make use of them as your tools.
I'm just patiently waiting for this 5000 coin sale to go through on GBTC..
Being short now is like being long at 1000 dollars. What bears don't seem to realise is that most bitcoin bulls are happy to buy at these prices and support the mining supply and then some. The BTFD mentality gets stronger the lower the price is forced because bulls know it is likely to rise again. We have been here before (myself twice).
Bitcoin is a demonstration of how price manipulation is easy - both up and down - un unregulated markets. It is simply an artificial destabilisation of supply and demand - principally by selling large numbers of coins into the market all at once, overwhelming the real bids with artificial asks. But the only point of doing that (unless it is a nefarious party like a central bank) is for profit - either by gaining coins by relying on sheep traders to momentum sell the price lower for you, or, by shorting and using derivatives at the same time as you sell.
Manipulation works until it doesn't. Since the 160 bottom where a huge amount of coins were purchased we have seen 5 attempts to break down through resistance between 200 and 220. Each have been rebuffed. Last night was a clear attempt to push us into or through that range.
In my mind the difference now is that I will only increase my buying in response to such artificial selling.
1678.
Post 11313182 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
That would be a bit painful and might help explain the healthy bidside too
I'd also be pretty pissed at BFX if they spoofed me into a short last night
Shorting at this point it time seems excessively risky, like picking up nickles in front of a train. BFX is very influential and may even lead this market, but it doesn't control it. They had a glitch related to an UPGRADE. They are upgrading.
I think you are missing my point. Yes, glitch was related to an upgrade - shit happens. Other shit that happened is that a bunch of people almost certainly DID short the move on several markets, who likely would not have traded if the event did not occur. They are currently 'out of position' right now with shorts they don't really want, and are likely to add to the buying pressure in the next couple of days
i don't think they quite realize they are "out of position" just yet, bitfinex has seen >1k more in shorts come in since i woke up, a few hours ago.
now at 30,995.46 BTC
its looking good,pretty sure the next 24 hours are critical
Yep just noticed we are a hair off 31k shorts. Someone is going to get burned when this resolves
It is a beautiful thing - a rising price, and rising shorts already underwater..ha
1679.
Post 11313228 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Yep just noticed we are a hair off 31k shorts. Someone is going to get burned when this resolves
And leveraged longs don't matter, because ... ?
Oh they matter plenty. But they didn't squeeze at 160. I would wager most of the long position is miners and early adopters using coins as collateral. They can afford to sit and wait.
If you are short - you are exposed to unlimited losses as the price rises. And majority of the shorts opened currently were opened below 300. The last run up from 214 to 245 saw us close about 5k shorts. Lets see how many fold if we move up towards 240 again.
edit: ask walls melting as the price inches closer
edit 2: boom
edit 3: and there is the complete retrace
1680.
Post 11313275 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
The best thing is..2700 shorts are underwater from the last 24 hours alone
1681.
Post 11313348 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Your trading at Bitstamp is absolutely free till May 31st!
Yes, you read correctly! Your account now has 0% trading fee.
You have been selected to participate in our exclusive promotional campaign where we have selected a handful of loyal Bitstamp customers to participate. Enjoy trading with Bitstamp!
Your business and your suggestions are valued. If you have any comments on how to further improve our services, please send them in reply to this email.
Best regards,
Bitstamp team
Well that was an unexpected email.... I'm small fry too and haven't traded much during this sideways run.
Possibly this is encouragement !
Has anyone else seen this ?
I checked the last few pages here and I don't think this has been posted yet.
Interesting. They are obviously trying to generate volume. The orderbook is very thin at the moment.
1682.
Post 11313412 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Looks like we may be picking up some steam. Any predictions on the price level needed for a lot of the shorts to close?
Who knows where the price goes..but if we approach 244 then that should take care of a fair number.
1683.
Post 11314149 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Nice to see a little buy there
1684.
Post 11314206 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Have we just witnessed the shakeout before the bull recommences?
1685.
Post 11315886 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
$ 2 4 0 COMING UP
<troll crap>
Somehow newbies are always eager to write such statements. Almost every single "bitcoin is dead" post on this forum comes from a new account.
They are all from the same person. A banned troll who is so attention starved they have to use newbie accounts to get air time.
Just click ignore and move along. They will be deleted by the mods anyway. Oh and don't quote please.
Meanwhile observing the walls it seems the bears have woken up and asks and bids are roughly equivalent. Shorts are still over 30k even after the price rising 8 dollars, so it seems there are lots of underwater shorts which must either close or there will be another large dump attempt to shake out the bulls again.
But it feels bullish now to me.
1686.
Post 11316171 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
$ 2 4 0 COMING UP
Ain't nothing wrong with dreaming. When things are this hopeless, what else is there?
Somehow newbies are always eager to write such statements. Almost every single "bitcoin is dead" post on this forum comes from a new account.
The chances of it being a newbie are slim in the extreme. It's the same old psycho dullard droning away. It is such a dead cert I pretty much auto ignore any newbie in this section without bothering to read. Sorry real newbies.
I kinda get a kick out of how many sox are opened and am mesmerized by the sheer derangement it must take to be such a rabid troll of any forum out there. I've been on certain forums for many years and I've never seen one like this. Can anyone comprehend what this person's life looks like in years to come...
They are often normal people apparently. Hard to believe though!
1687.
Post 11316291 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
$ 2 4 0 COMING UP
Ain't nothing wrong with dreaming. When things are this hopeless, what else is there?
Somehow newbies are always eager to write such statements. Almost every single "bitcoin is dead" post on this forum comes from a new account.
The chances of it being a newbie are slim in the extreme. It's the same old psycho dullard droning away. It is such a dead cert I pretty much auto ignore any newbie in this section without bothering to read. Sorry real newbies.
I kinda get a kick out of how many sox are opened and am mesmerized by the sheer derangement it must take to be such a rabid troll of any forum out there. I've been on certain forums for many years and I've never seen one like this. Can anyone comprehend what this person's life looks like in years to come...
Dude, I've been posting on Forums for well over a decade and never been to one having sprout a literal cult. The worst thing was one where one of it's admins died, and that was nothing compared to the gospel of "So a man took a shit."
I actually lolled at that..
1688.
Post 11319667 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
calm before the strom?
thats what i hope
Folks have been saying that on and off for months followed by falls and more boredom. It's the calm before the lull. Hard to tell them apart though.
Sounds like the end of a bear market to me. Total boredom - but the price stops falling. We are in the accumulation zone.
Things will get exciting soon enough.
1689.
Post 11319701 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
4 times in a row!
Without trolls the essence comes back to light, no 200 post/day needed.
With a falling price my WO pages have 15-18 ignores and with a rising only 1 or 2 :-)
I am sure you could make a simple algorithm based on that..whether it would follow or lead the price would be interesting
1690.
Post 11320957 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Just wait for 5000 btc to trade at 350
1691.
Post 11321707 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
I'm guessing we make a run on 240 soon..
1692.
Post 11322143 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Boom!
1693.
Post 11322684 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
NLC believing his own rubbish and caught short! Lol
1694.
Post 11323012 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Don't quote please LFC!!
The falling exponential trend line is in the 290's now..if we take 300 in the coming weeks then we break out IMO.
1695.
Post 11323272 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Long interest down to 25.2 million. Shorts down to 25k. Lots more shorts to cover as we approach 260.
1696.
Post 11323483 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
I feel bad that the bears just disappear when bitcoin moves up 20 dollars.
I haven't seen tarmi or NHJT since they promised us double digit coins!
1697.
Post 11328939 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
we going to hold?
bear trap? (no new shorts..)
1698.
Post 11329139 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Just waiting for a big buy to scare the sell walls higher. From the flashing they are fake.
1699.
Post 11329205 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Off to the park.
1700.
Post 11329802 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
If we break out again this weekend up to 250 or 260, then you will really hear the trolls and NLC socks squawking loudly on every thread in the forum.
The louder the shrill calls for double digit coins and 'fake recovers', the more we know those silly buggers including NLC haven't bought in yet
Oh and we know the bulls are winning even with the price at 241 because the leveraged bears have all been margin called to silence (tarmi, NHJT, luckyenough, dumper, yourmother) shorting bitcoin at 220 expecting 160 coins lol.
It bears repeating that none of the technical analysis experts on here (with their own threads) predicted the last two bubbles. So why should they be able to predict the end of a bear trend? All they can do is say 'line on a chart points up' or 'line on a chart points down'.
1701.
Post 11331121 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Shaking out weak hands ....
Been a while since I saw this old chessnut, reminds me how much I miss Shroomskit who'd probably say something along the lines of: "yeah right, we've been shaking out the weak hands for 14 months now".
But with a lot more venom.
Oh, is Shroomy really gone for good? I just realized that I kind of miss him. He was a rare example of the bull-turning-bear-turning-bull-turning-bear-turning-2-btc-into-1-btc-turning-bear-turning-bull breed.
Did he get banned or decide to stop posting? He was here for ages so there must be some reason he stopped posting. This thread seems much quieter than it used to without him.
Well, that was the bottom. I picked up a shitload of super cheap coins. Thanks to you idiots selling at the very bottom.
Thanks for playing.
or...
This account has been abused enough. I'm gonna change the pass so the others can't access it anymore and log out.
I might be back on my real username. Who knows. Bye.
Blitz has a good post about shroomskit!
1702.
Post 11333177 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Seems that 240 USD is holding as some kind of resistance at the moment.
Neither bear nor bull are able to send us in either direction.
I thought we'd get to 250 by the end of the weekend, there's still time left but we seem to be at a crossroads at 240.
Can anybody hazard a guess which way we are set to go in the short term?
Thanks
Except at market extremes its a coin toss to say which way the price will go lfc..
1703.
Post 11333487 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
And the 15 min chart is back into the green! What did I say yesterday? Wait for a $9-$12 pullback for your entry point. Yes, that was me. You're welcome.
Back over 1500 CNY
1704.
Post 11333838 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
I looked ten seconds ago it seems and the price was 244. Now 242.
No matter this all low volume stuff.
1705.
Post 11333857 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Love the bots shoring up the asks to try and push the market lower. Any buying they shrink back
Edit: vibrating cock rings? lol i feel old haha.
1706.
Post 11336605 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Looks like someone doesn't like it to come back below 238.Interesting.
that's me
More interesting is what happens if that wall at 260 on finex gets threatened?
Any up movement we shed 800 shorts immediately.
Fireworks at 260.
What we need is stronger support after price moves..
1707.
Post 11337052 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Sent them an email. Waiting on a response.
Hopefully I hear something tomorrow.
This may be a blessing in disguise. I was about to transfer a good portion of my savings into BFX.
If there is a glitch then at least the loss was minimal. Instead of loosing everything.
I received an email back a minute ago saying they have put the money back into my account.
Heads up for everyone on BFX. They said there is a glitch that made incorrect charges on a few accounts.
I know this was happening yesterday and the day before.
I wonder what could be causing it
Anyone know what could be going on?
They are upgrading their software...
1708.
Post 11337176 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Lots more to close between 245 and 300. Remember shorts are different to longs. They can potentially incur unlimited losses. Crazy to short a commodity like btc unless you are 'in the know'
1709.
Post 11338943 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Pretty low volume selling. Smells like capping action rather than a serious attempt to push the price much lower.
1710.
Post 11339089 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Huobi, stamp and btc-e just blindly follow finex it seems. Few more nibbles on finex and we are back to 243-5.
1711.
Post 11339197 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
May 2015, the month that bitcoin went institutional with GBTC going live and Nasdaq Stockholm. Will we be able to look back in X amount of years and see it as a significant date in either adoption or price? I'm thinking maybe.
As for short term right now not really any walls visible, but I think we are going to drop a little further for a day or two. Trend wise, I'm confident the 18 month bear trend is at a close.
Until we breach the exp down trendline on heavy volume anything could happen. But bears have taken haircuts recently. Selling to buy back in lower is not a given now. And shorting is mighty risky all of a sudden. It is looking good.
Imagine what happens if the NASDAQ etf starts hoovering supply off exchanges. We could get constrained supply very quickly indeed. Other investors see the price rising and suddenly there is a wave of investor capital trying to buy in. A previously closed pool of capital. I have posted before that a bubble could happen very quickly and far higher than most people on here expect. These things always look obvious in retrospect, but at the time with people like NLC mouthing off it can be difficult to see the bigger picture, when everyone is focusing on the price.
1712.
Post 11340270 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Ha, the unbanned the dump3er, eventually!
Welcome back. Was worried you had gone the way of the other bears (margin call).
1713.
Post 11341848 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Volume is so paltry these movements are meaningless range trading IMO.
Real fun starts US trading tomorrow. It will be interesting to see if price discovery moves over to the US exchanges and US timezone in the coming months, with low volume drift otherwise. One can forsee the upcoming ETF's to suck quite a lot of btc onto their books and markedly reduce the available exchange supply. I can also easily see some very large bid ask walls being erected on US exchanges like itbit which will prevent chinese fake volume exchanges going full retard in the future and attempting to run the market up and down with unnecessary price volatility.
1714.
Post 11341922 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Does anyone seriously think that the people who invested hundreds of millions into the the infrastructure are not going to buy any coin also?
<snip>
It is the future and bears are on the wrong side of history.
Excellent points billyjoe. Probably one to book mark for later this year.
To suggest that VC firms (lead by silicon valley billionaires) - who are projected to invest more than a billion in btc infrastructure and companies this year - do not have the foresight to accumulate significant holdings and help engineer the next run up are pretty silly. And if they won't do it then you can bet your bottom dollar Wall street have been doing exactly that for the last year or so.
If the COIN etf is approved then it would only take a couple of hundred million USD investments from hedge funds and average joe to send the price into the stratosphere. Not exactly a hard sell either - look what it did in 2011, look what it did in 2013, look what it could do this year..
It wouldn't surprise me a jot if by some stroke of coincidence the stars of technically breaking the down trend and the announcement of COIN miraculously align at the same time either.
Edit: big scary 140, 633 and 242 ask walls trying to push bitcoin lower..we know they are fake!
1715.
Post 11343957 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Final dump before the pump to the 250s
My coin has not hit the market yet. Within 48 hours the price will be 220 :/
Let's see. It took bear whale another ~7k to keep the price at 240 over the weekend. No one is shorting these declines. Retail is either underwater or scared to get caught again.
1716.
Post 11345333 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Very bullish on here. Caution with the leveraged trading guys. Until we break through the 290's on high volume we could recede lower with significant selling.
I personally think you would be mad to sell here. But you and I are not running this show.
1717.
Post 11346503 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Hey, I'd love to hear your latest trading setup. I followed your last trade: short from 220, added at 228 but the price keeps rising!!!
1718.
Post 11346907 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
This is driving me insane. Why is every moon launch of the last few days being postponed...?
Faulty solenoid I reckon
Now there's a scouser on the forum I imagine the starter motor has long since been stolen.
Mind your wallets!!
1719.
Post 11347444 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
In that case I'll better go and sell all my coins ASAP, thanks for this valuable financial advice!
+1 , I'm out..
Confirmed
After weathering 18 months in bear market, i'm out too
/s
1720.
Post 11347656 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
yea, of all the times to get out, now makes the most sense in the last 18 months
I agree. Those five high volume bottoms at $210 just seemed fake to me, as if buyers were actually buying but only to sell $5 later. For this reason I'm unloading my cold storage and putting it max leverage short on OKCoin.
Should be a sure thing.
I would ask tarmi, but he seems to have left the building.
1721.
Post 11349793 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
1d stoch high as f***, expect dump after another bull fail.
3d storch either. This ridiculous bulltrap is based on nothing but gbtc which is being "traded" by owners of that scam project to themselves mostly. There will be atleast double bottom at ~160$ once next auction's date will be announced. Market makers won't miss the last chance to fuck longs before the reversal.
Is that what happened after the last auction?
1722.
Post 11350107 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Microbears are relentless, we must be on the brink of getting their shorts called.
you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂
Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.
apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.
this is a house of cards...
A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time.
How much are you short hfertig?
1723.
Post 11352044 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
More capping action. Lovely fake ask walls.
1724.
Post 11356166 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Sea of good news. Price remains stagnant. Down to 21.6k shorts on Bitfinex.
I would like to see some upwards price movement.
Is a big player capping the price and slowly closing a huge short position? What comes next?* Serious question..
*Getting tempted to buy another fifty coins, in a batch instead of dca'ing every few days..
1725.
Post 11356349 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Sea of good news. Price remains stagnant. Down to 21.6k shorts on Bitfinex.
I would like to see some upwards price movement.
Is a big player capping the price and slowly closing a huge short position? What comes next?* Serious question..
*Getting tempted to buy another fifty coins, in a batch instead of dca'ing every few days..
Volume isn't too bad considering zero movement. But I would prefer an $80 rise on 10x volume.
Just busting through to 260 is significant. Only one last jump to break the downtrend from there (~290's).
Whoever is still short must be scared that this could run away upwards. They have already shed 14k shorts whilst selling to keep the price steady. Anyone left shorting if this jumps higher is in trouble.
Surprised we haven't seen a 5 or 10k market buy to set us off. If we do break upwards on heavy volume and smash the trend line on heavy volume we should easily settle in the 300's.
Good fight coming. Buy all dips aggressively.
1726.
Post 11356610 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Who is afraid of the big scary ask walls. Answer no one.
1727.
Post 11356763 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Who is afraid of the big scary ask walls. Answer no one.
How about who is excited for the bid side shrinking? Answer, meeeeeeee
Good to see bears still here.
1728.
Post 11357079 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.14h):
Mods delete that NLC crap please
1729.
Post 11365020 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
What worries me the most is that for 95% of all the bitcoin startups, VCs are just throwing huge sums of $$$ at them, but they are all basically creating "solutions looking for problems" instead of solving real needs. Gee, where have I seen and lived through that before? Oh yes, the DotComBomb of 2000. Been there, done that, got the t-shirt.
Indeed. But there were a few trillion dollars to be made before it all went tits up and then things really got rolling after the wreckage had been cleared. I hope it doesn't pan out that way but it's kind of a natural cycle.
Believe it or not, one of the companies that I'm most worried about is Coinbase.
For example, go look at their employee roster page at the bottom.
https://www.coinbase.com/aboutIn in the past 2 years, I have literally watched that page grow from about 5 employees to what you see now on that page. And they just keep adding more employees.
At the rate they are going, unless something drastically changes I don't think that they are going to have a business model that will support all of that headcount and still make a profit.Not wrong, but not the full picture either:
a) true, it might quite well go down in flames, and that early VC capital will be lost like tears in the rain;
b) then again, it's a (controlled) gamble on their side, similar to early dotcom seed/investments: if it pays off, it'll pay off rather royally, if not, it's a (comparably) minor hit to their total holdings. Which brings me to:
c) on a different scale, through a different aspect of the market, that's similar to the "bet" we're making here as well: most who hold some long-term BTC position do so because of the chance (by his/her best judgement) that there's a big unrealized economical potential for the Blockchain (emphasis on
the Blockchain), which (again, by his/her best judgement) in turn would likely lead to a major appreciation of market value per token.
The flip side of this bet just as the one by VC: it might not work out that way - alternative blockchains might take the lead, public and business interest might stay comparably small (i.e. "solutions looking for problems" turns out to be true and
stay true), etc.
Some people here conveniently ignore the latter point, only going on about the limitless potential. Others pretend there is no potential, only risk, and eventually: doom. Personally, I think it's simply too early to draw either conclusion, 6 years since launch, and ~2 years since VC started pouring in for real.
Nice balanced post as always. Plus marks for the blade runner reference..
1730.
Post 11365179 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.
Just in case you are wondering why there has been no correction for weeks.
It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints..
1731.
Post 11365290 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Anyone else just waiting for a 10k market buy or sell on finex?
1732.
Post 11365441 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
I think we move up soon..
1733.
Post 11365701 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
He's pretty hot on the correlation between smoke and fire
Why are you quoting nlc?
1734.
Post 11369753 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
236? That the best you could do?
1735.
Post 11372274 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
We only dropped 10 USD in 24 hours then?
It's not that significant a drop for the excitement & party atmosphere created in this thread by the bears yesterday.
234/235 acting as some kind of resistence in all this.
Pretty poor effort by the bears really considering so many coins were dumped.
I expect us to rise to 250 by the weekend.
Nice try bears, we go again!!!!!
Good chance to pick up some fairly cheap coins bulls.
Just got 6k back from the inland revenue unexpectedly. Lets see where the price is when the cheque clears.
1736.
Post 11372388 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
how many coins have been dumped at bfx?
Around 14,300 coins were dumped on bitfinex.
If that many coins were bought, price would be 300+ .
Hello friend.
Here is crash.Still bored errybody?
As you see it is not 14k coins. Total volume is total volume, and market dumps are market dumps.
Everyone thinks you get more money selling slowly into the bids. Guess what? There aren't enough of them to sell thousands of coins. You'll slip as you chase them down. Best to bite all the bids that are there. Bulls do the same thing on the upside as I'm sure you've seen.
A large trader market selling 8000 coins into the bids isn't a crash, it is a large trader selling 8000 coins without care for what price they obtain, purely to push the price lower by temporarily outstripping natural supply and demand.
They didn't get what they wanted - a cascading waterfall of sell offs - nor lots of shorting to help piggyback the price lower.
If we move up from here back to 240 then that is bullish. If the price is forced lower then the bulls will continue to accumulate. The lower the price is forced the heavier that accumulation will be. I would have expected the price to break higher yesterday but it was well managed by the invisible hand, despite increased longs and closing shorts the price didn't move higher, effectively capped while the massive short position was gradually whittled down. A big buy today or tomorrow could make things interesting once again.
1737.
Post 11374841 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
I'd love to have a go at trading (only small amounts) but I have no clue where to even start! any advice?
Dont bother..
1738.
Post 11378221 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Dump time already?
So it seems.
Real battle to come at 228, 220, 215 and 200.
1739.
Post 11379297 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Probably a sale between traders.
1740.
Post 11392820 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Any ideas if this will give us a decent pump?
Given that this is backed by KnC, I would imagine that the demand will initially be met with their own mined coins. TBH this look to me simply like an alternative route for them to sell those coins, or rather fee-incurring paper proxies of them. Quite a smart move really, particularly for them
If there is genuine decent demand for the product going forward, clearly that would be bullish and would necessitate buying more coins on exchange.
But the news is already out there and should be more or less priced in so I am expecting very little impact from it, unless it is an overwhelming instant success or another damp squib.
TBH, I'm leaning towards the latter ...
News is rarely priced in.
1741.
Post 11394745 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
No pump before the Sweden's Nasdaq addition of BTC
Damn, i wouldn't wanna be a leveraged bull right now. It's comin'...
Who cares about some tiny exchange in a tiny country? Only ETF and stock markets collapse may create another bubble for btc but before that USMS has 40k btc waiting to be sold before the end of june as they promised, so sub 200$ is coming pretty soon.
Can you post a link to where they said they would hold another auction before the end of June? Are there also upcoming auctions in other countries like Australia? I remember the Australian government seized a lot of Bitcoins, but I cannot remember what they said they intended to do with them. They were discussing dumping them on the open market, although I'm not sure what they finally decided.
"In the coming months, the USMS is expected to sell 94,336 BTC, worth $17.5m at press time, as it liquidates the remainder of the bitcoins previously held by Ulbricht, who only yesterday admitted to founding Silk Road as an economic experiment." ~50.000 has been sold at the last auction in March.
50k from the last auction made no difference to the price. Why would the last 44k?
Bears have basically run out of arguments for the continuation of the down trend except
line on a chart points down technicals. They are entirely relying on the appearance of a big seller to push the price down. Not a great fundamental argument for bitcoin crashing to new lows.
Meanwhile the money keeps rolling into the space and the financial markets will soon be linked to bitcoin via a variety of regulated products.
Keep up the FUD. Whilst transparent it is amusing watching you chase pennies in front of the steamroller.
1742.
Post 11395730 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
<troll crap>
All other financial markets are closed at the weekend. The rest of us have something called real life to exist within outside working hours. You should probably look into it.
1743.
Post 11402505 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
How much does it cost to dox someone?
1744.
Post 11402578 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Do you think it would make BTC rise again. Are you that desperate? How about a rain dance or some classical voodoo shit, at least thatīs what all the wall street guys do.
Why would doxing someone make the BTC price rise? Strange logic indeed.
This is simply about exposing our friendly paedophilia/gay porn obsessed troll for who he really is. Employers love to hear about these kind of things!
1745.
Post 11403421 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
How much does it cost to dox someone?
I'm in. Let's start a fund.
Also in.
In, make an address and i will send a donation.
Was going to send him a pm. He seems to have been either cleaned up or have gone on a deleting binge.
If he restarts I'll post a btc address with some coins in it for the community to contribute and we can post the bounty.
1746.
Post 11405166 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Its quiet. Too quiet
1747.
Post 11405326 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Slow crash..
Interesting when the orderbooks flash on finex and you can see 500 coins either side of the price disappear, then reappear a few seconds later. Synchronised so its clearly one trader or bot.
1748.
Post 11412070 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
It's been so long since one of those crazy rallies. Bitcoin's reputation seems to finally be free of the bad kind of excitement. It is maintaining value and will hopefully begin to rise as well because of it's actual qualities, not because of greed alone.
Really!?
1749.
Post 11414627 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Can the mods delete the trash threads from samer please.
1750.
Post 11422098 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Come on, bulls, you can do it! A little pump is all I ask, so I can place my short tomorrow.
"Come on bulls and investors. Put your money here so I can shit on your face (likely with leverage) tomorrow for personal gain!". Perhaps this ongoing mentality is why there isn't this "new money" coming in I keep hearing about.
This is how markets work, everybody is after his personal gain. At least I'm honest, I don't ask bulls to buy while promising moon, on the contrary...
No, you promise collapse because of the shape of a chart.
We are in the slow boring phase. No new lows. No new highs. Just boredom until every last speculator flits away.
Then the price will rise again, catching out another wave of would be wealthy who sold out too soon.
1751.
Post 11442724 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Nice words and charts wanderer. But history rhymes, not repeats.
The volume or bidsum can be anything, but when the price crosses the exponential down trendline I suggest you buy in like the rest of us.
1752.
Post 11453173 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.15h):
Big move postponed, there's a lot more sideways to go through apparently.
Don't let this shit waste your life. Buy/go long at an undeniable break of the log trend line from the ATH or of a no-brainer trade setup like in 2012 after the long sideways or at september-october 2013. No point in blindly hodling. If you trade, look for shorting opportunities if it starts to break $210 with decent volume, the last support before the next free-fall.
If you ask me, whether it pumps first or not, it's gonna eventually go to double digits, where we'll see if this market is actually bound to reverse and see another bull market or slowly fade into obscurity.
Whatever you do, ignore the HODL FOMO "long term moon because VC money and because blockchains cure cancer" cultists, advising new investors (who have a far worse entry price than you) to hold something that is free falling it's not something to be proud of.
If you want to HODL knowing the risks it's your choice, just don't create a religion that will suck other people in and get them screwed out of it.
That kind of mentality is one of the reasons why this market is so unhealthy.
Riiiiiight. And the reason for double digits is simply
to allow you to buy in really low before moon!! technical analysis?
Also I don't think we agree on definitions of free fall.
1753.
Post 11478196 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
LMAO
These guys are gonna pull the biggest exit scam ever.
-Shenanigans that look like insiders wanting to GTFO of the exchange as fast as possible: check
-Big price premium: check
-Withdrawals delays: check
-Anon owners: check
Get out of that shitty exchange now.
spot on m8
id add, they have a really old set up and if a forum like bitcointalk can cost $1.5mill for upgrades and security, how much would it cost btce? Coinbase and many other exchanges have recieved VC funding and followed the regulation path. Btce has aged badly, its prob easier for them to sell/close/run off than to upgrade and regulate.
Serious amount of FUD and bearish bias on here.
1754.
Post 11480307 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Current log down trendline at about 277. Will be 258 by end of June.
Bears need something spectacular to break us lower. Bulls just have to hang on..
1755.
Post 11480379 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Current log down trendline at about 277. Will be 258 by end of June.
Will be 1258cny by end of June. Or lower.
FTFY
If you are looking at the trendline, then you are wrong.
If you think the price will be that low, then good luck - bulls will buy any prices below here aggressively. The great thing about the price settling in this range is that one bit of positive news and we could cross the trendline in less than 24 hours - resulting in heavy technical buying. Bears will have to force the price lower to keep it from technically retesting the trendline. They need some shock and awe selling to do that and try and move the price down to a new lower plateau. Each time that becomes more difficult because bulls like me will buy increasingly more coins with every attempt. The longer this boring phase continues the better IMO. Shorting btc stopped working reliably some time ago.
1756.
Post 11480886 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
It has occurred to me that given bitcoin is no longer a shorting opportunity, all the bears and noisy trolls seem to have vacated the building
1757.
Post 11489290 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
We appear to have crashed 2 dollars.
Bfxdata showing another 3k shorts opened within that decline.
Cue short covering in 3,2,1!
1758.
Post 11489596 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Well thanks shorters. A slight discount on my new coins today
1759.
Post 11490628 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Hmm...
Fabulous chart. Now could well be in retrospect a time when people won't believe how cheap bitcoin was..Isn't valuation a funny thing
1760.
Post 11490836 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
all this talk could lead to some uncertainty, which could push price further down, we might be instore for a new all time recent low in the coming months? possible.
damn the naysayers and there need to disagree simply for arguments sake!
sub 200$ soon? can we break 150$?
'Brand new' account
In order to get sub 200 you have to first go sub 230. One step at a time little troll.
1761.
Post 11493131 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
i have many bears memes stocked for tomorrow crash
Price dropping 3 dollars is a crash?
Hilarious.
1762.
Post 11493147 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Shorts nearly at 25000..
How many times do they need to get burned?
1763.
Post 11493224 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Shorts nearly at 25000..
How many times do they need to get burned?
How about one?
That would be nice.
They were burned a few weeks ago.
1764.
Post 11497039 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Lots of bears waiting to click the margin sell button..lol
Off to the gym. Let's see some real shock and awe please.
Oh and Jammalayan: confusing your own poor disposable cashflow with
everyone being poor and having no ability to buy a few coins a week is pretty stupid considering the distribution of wealth on this forum! Take off your blinkers!
Edit: love that 554 coin wall on finex..
1765.
Post 11497139 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Wall to disappear in 3 2..
1766.
Post 11497169 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Non nom nom
And given up
1767.
Post 11497274 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
So the Gavin 'news' has devastated the bitcoin community & sent the price into free fall.
Free fall to the tune of 5 whole US dollars.
Oh no, whatever will we do, bitcoin is dead, double digits incoming etc etc, 'insert more pathetic FUD, sinking ships, ponies'.
Somebody wake me up if there's actually anything to worry about.
No one has a crystal ball but if bitcoin is failing then why are companies investing hundreds of millions into the space? Why would NY be about to issue regulation? Why would a top tier regulator be about to open a virtual currency consulting firm?
If bitcoin is actually fine and is going to rally this year then this looks like a pretty fabulous entry!
Ediy: missus finally ready..gym!
1768.
Post 11500941 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Yawn.
1769.
Post 11501042 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Shorts up 4k to 25800..
Keep it coming bears..
1770.
Post 11502870 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
We seem to be crashing back into the 230's.
Lol.
1771.
Post 11502911 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
I can't even imagine what someone is thinking if they are buying right now.... lol jesus. Brave souls.
Futures are still over spot @ OKCoin, but not by much.
Probably thinking the same as whoever sold the price lower last night.
1772.
Post 11505166 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
27300 shorts on bitfinex. What is that 6k additional borrowed since saturday?
Another dump to smash the bidside orderbook - after all we recovered immediately from the weekend attempt. This is getting expensive and whoever is doing it is borrowing heavily on leverage to try and paint the chart in a very crude fashion. Must. Keep. Bitcoin. Down!
1773.
Post 11506256 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Growing disparity between bitfinex and the other exchanges.
Samer keeps dumping on there..
1774.
Post 11506507 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Now lets see if my HMRC tax return bid gets hit
1775.
Post 11506548 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
I wonder if Bitlicense is being announced today..
1776.
Post 11506687 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
btc swap rates now higher than usd..
edit: only 400 coins left to borrow..
bottom is in..
1777.
Post 11506709 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
btc swap rates now higher than usd..
In what measure?
bfxdata.com
1778.
Post 11506801 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
btc swap rates now higher than usd..
In what measure?
bfxdata.com
I know where it is, but when I read it it says Longs 26.6 million USD. And Shorts 27 456 BTC, which is roughly 6 million USD.
It is not the absolutes..because the long position is historically always far larger (since you can be long in btc). But shorting is somewhat different.. you can only short (and sell on exchange) what someone is willing to lend. Click the btc swaps window and you can see the swap rates demand and supply and the coin supply. It allows you to see this move was planned.
The only number range that matters is 200-213. If we stay above that then this is just traders keeping us as far from the falling down trendline as they can for as long as they can..
1779.
Post 11506863 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
shit doesn't look good, max leverage short now?
Just closed it.
Maybe a good time to go long...
Yep it is certainly taking a whole lot of coin to move the price down 12 dollars these days..
1780.
Post 11506943 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Bitlicense is out any day..Should be good for at least a 10% bounce
1781.
Post 11507094 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
LFC: just decide what % of your net worth you are comfortable investing and don't put more in that that. Then you don't sweat these engineered moves.
If btc drops below 200 then my bids buy me another 80 coins..I will probably sit tight at that point as I will have easily reached my target. If bitcoin remains in the 160 to 300 range for five years it wont effect me. If it goes to zero then I will be miffed but that is life. If it returns back towards the ATH over the coming months or years then it will have (taken from my initial investment) been an incredible success.
1782.
Post 11507115 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Cyclon: please do not quote the kiddy porn obsessed troll.
1783.
Post 11508157 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
<troll crap>
I suspect it has far more to do with the announcement on cointelegraph by Gavin (Chief Scientist for Bitcoin) stating that if consensus isn't met soon on the 20MB per block increase he will be moving his development effots over to bitcoin-xt client. Not a good sign when the Chief Scientist of the coin your investing in threatens to jump ship would be my guess.
He is trolling you..
1784.
Post 11509697 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
What happened?
Bad news or what?
A big trader saw the chat on reddit about the blocksize and dumped 20,000 coins on finex whilst shorting a few K to make the near term technical picture bearish.
The price is down 15 dollars and all the bears who haven't been here for weeks are now back and telling us bitcoin is dead and 'double digits' etc.. Of course they all went short at 249, tarmi included. Save yourself.
(in other news we are still trading sideways)
1785.
Post 11516643 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
there are four ages: the warriors, the priests, the scientists and the merchants.
we live in the age of the merchants. they destroy the society and bring the world to end. after that the warriors take over and set up order again.
bitcoin was born at the wrong time. the idea was good, but it can only fail in this enviroment.
sell now. there may be other times where crypto can flourish.
Book talking can be pretty obvious, especially when you say directly 'sell' in every post. Try masquerading it a little.
1786.
Post 11530574 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Shorts approacheth 28k
1787.
Post 11535609 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
This market is yawn.
Let's see if the big scary ask walls induce any sheep to sell.
1788.
Post 11536180 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
wait for BTC to finish tanking.... then buy when it's around $220 each
i am waiting on the chinese panic.
What is the Chinese panic ?
I'm not sure, but I know they don't wake up until about another four hours. If they wake up and find the price has dropped they might start panic dumping and make the price crash further. I know that horrible feeling when you wake and find out the price went down while you slept.
Meanwhile the price is in the same 3 dollar range all day..
1789.
Post 11539376 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Shorts at 28500.
1790.
Post 11539441 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.16h):
Big player shorts then sells, lemmings follow. Stack bids and start covering and buying as college kids short into the bids. Big buy forces new shorts to exit at a loss. Price moves back up. Rinse and repeat. Oh and add in a few useful idiots preaching doom on here.
1791.
Post 11548430 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
possible trend reversal this weekend?
Upward?
It hasn't gone down or up... It's stalemate.
The fork talk isn't over but that isn't happening any time soon.
Price has gotta go somewhere. What reason for it to go down after this brief recess?
I just sold so I assume that means it will go up now.
Considering that both the fork and the halving will happen in the next year, It will go nowhere but down/sideways in 2015-2016. And although the current development discussions/actions are very important and productive for bitcoin while at the same time entertaining for the already established community, the uncertainties that they bring are keeping away the serious investors/big businesses and prevent or slow down the adoption rate considerably.
Nonsense.
1792.
Post 11556431 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
It can't stay like this forever but while it does we don't have much to talk about in this thread.
The flatness is actually what dragged me back. This tight range has "huge move" written all over it, when it finally breaks. Really big squeeze happening. Predicting direction is impossible, but bias is probably to the downside, given that last breakdown and, well, the last 1.5 years of price history.
Down forever, line on a chart etc
1793.
Post 11556527 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
It can't stay like this forever but while it does we don't have much to talk about in this thread.
The flatness is actually what dragged me back. This tight range has "huge move" written all over it, when it finally breaks. Really big squeeze happening. Predicting direction is impossible, but bias is probably to the downside, given that last breakdown and, well, the last 1.5 years of price history.
Down forever, line on a chart etc
well a trend is more likely to continue than not, so let's go with that.
i have some bids for long term coins way lower than this. on with it!
Referring to my own thread no trend continues forever. Prices are now extremely low and simply moving sideways is enough to break the trend.
My guess is we either get some bullish news to propel us up to the high 2xx's and s definitive break of trend, or our friends who have neen hammering the price try one last setup and dump tens of thousands of coins trying to retest 160 and put in a lower low. Given the last attenpt was six months ago I think that would have a reasonsble chance of being very heavily resisted and would be risky.
1794.
Post 11557717 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
<same boring crap>
Nope, just whales painting red candles to try rattle some TA cages.
Don't quote him please..
1795.
Post 11557786 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Alright people... It's time for 2015's rally to begin. It is decided, we will go up now.
Can we wait another day please so I can buy again on circle? Thanks.
1796.
Post 11557877 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
NLC is promising moar! Must be tough for the poor sap having to sit there with all his funds on an exchange waiting to buy in at the last possible moment. He'll undoubtedly fuck it up.
1797.
Post 11557965 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Good work bears! Didn't believe I will be able to open new long so quick
Yep I am getting tempted to open a small leveraged long position here..
edit: nice 224 wall there..come on somebody eat it all up..
1798.
Post 11558276 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
If that sell wall was real it wouldn't have blipped away and up the ask orderbook the instant any buying materialised
edit: A lot of the selling appears to be new leveraged shorting..
1799.
Post 11558383 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
<troll crap>
lol, you think that's scary ?!?
Ahh its just seeking attention. Just better off putting on ignore.
Quite right.
1800.
Post 11558922 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
[comprehensive list of NLC accounts]
Can you actually see any posts in this thread?
Haha, may times empty pages...
Yo macsga, when we Grexit? So bored waiting for it and/or BTC moon lolz
There's a whole thread about it. Check your PM.
My other half is greek..pm a link!
1801.
Post 11565040 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
i, troll, bought 3 more bitcoins
Snap. Just bought my weekly circle allowance.
Cue crash :p
1802.
Post 11566743 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Hilarious bid walls.
1803.
Post 11571491 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
It fails to include P2P transactions for goods, where (if you ignore the middle men of obtaining the bitcoin, as you do with cash) it not only performs the same, but above cash, due to the reliable 60-minute waiting time (at the moment, with a $0.0001 fee) one must wait for bitcoin to "arrive" (multiple confirmations of the transaction), regardless of where in the world you are sending bitcoin to. Not to mention that you never need to worry about change.
I described the majority of transactions for different payment types - not all transactions. P2P transactions in Bitcoin are extremely rare.
Er..how do people get cash or money in the bank?
1804.
Post 11573758 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Sorry, but i cannot respond anymore. A moderator just forced a 5 days vacation on me. My beliefs were somewhat considered as being "trolling".
Thank you!
卐Moderator卍, please do not delete this message. People will panic if they find out i'm missing from this thread for more than 2 days.
Best regards,
YourMother
Lol.
Moderators are doing a great job IMO
1805.
Post 11583103 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
<troll crap>
If you believe that, you should short as hard as you can.
I believe they are bringing fiat liquidity to the market, making the value of their own coins increase. Hodling their own coins and buying coins on exchanges for the ETF. That's what I would do in their shoes.
Stop talking to the troll
1806.
Post 11584361 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Longs up to 28 million. Shorts about 22.5k.
Boring day. The increase in long positions may indicate some upcoming news.
1807.
Post 11595756 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Price would be a yawnfest if it werent for the growing leveraged long position.
Big move coming soon.
1808.
Post 11605901 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Whoever is accumulating the long position needs to push us up a bit and set off some fomo..
1809.
Post 11617099 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Coiling for a huge move.
A lot of money has been accumulating a massive long btc position.
Bull case: blast off and explosive end to bear market, ushering in a moon shot as the halving draws near. 'Obvious in retrospect'
Bear case: manipulator owns a lot of the long position and will close it crashing price through support down to zero or below. 'No more fake recovers'
Boring case: the long position is held by miners using btc as collateral - cannot be margin called. Supply meets demand. Sideways until halving and gradual price increase with occasional spurts.
1810.
Post 11617410 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Dumps are fine. It redistributes wealth.
Into the hands of those manipulating the price?
1811.
Post 11618280 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
will test $240
Hmmm, candles are curling down now... some sell volume coming in on Bitfinex. I think there is more to this dip incoming. Gonna wait it out before I buy more BTC. It may have to retrace the whole rally. Waiting out LTC for the moment too.
Not sure where you are looking but right now the price is 4 btc below 234 and there is no sell volume on bitfinex!
1812.
Post 11621980 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Now we watch the bull despair begin to rise as the price stubbornly stays sub 240, leading to an eventual fall back to 220
Someone is caught short...
1813.
Post 11626476 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
The slow march higher continues..
Hopefully we get an uncontrolled move upwards soon!
1814.
Post 11626854 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Where are the bears and that dumb fuck nlc?
1815.
Post 11626986 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
It remains business as usual with accumulation weekly until the log downtrend line is broken for me.
1816.
Post 11627264 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
It remains business as usual with accumulation weekly until the log downtrend line is broken for me.
At what price will you stop buying inca? I've been buying regularly for over a year now, built up a pretty decent stash (cold storage), I think I will probably stop buying at about 600 USD. I'm quite happy with what I've accumulated so far any way at this point so even if I was stopped from buying any more right now I'd be content.
We HODL & we wait for the moon landing
When we cross the magic line we can discuss it
1817.
Post 11630390 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.17h):
Haven't seen NotHatinJustTrolling for a while
If we take the log downtrend line in this run then moon?
1818.
Post 11639218 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
MP take your altcoin pumping to more appropriate fora.
Stamp and btce need to wake up.
1819.
Post 11639904 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
This is a bitcoin price watching thread on a bitcoin enthusiast forum.
Take your altcoin shilling elsewhere.
--
The slow rise continues supported by healthy bid side orderbooks. By my estimation we are within 15 dollars of the log downtrend line. Breaching into that zone could lead to some technical buying and an uncontrolled ascent.
1820.
Post 11639958 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
I'm getting some indicators that this might be the end of the rally (~255).
Really interesting to see how this one unfolds since there are some serious buy walls in place.
Next 48 hours: CRITICAL AS FUCK.
Triple Top Bearish Reversal on 1hr? ...
You sold?
1821.
Post 11640013 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Yea I'm in USD.
I'm very hesitant about buying into a pump.
If you profited well played. I am looking for a much bigger move. We may not break through this time but taking 250 adds strength to the 160 bottom.
Buying coins at 170 seems a distant memory!
1822.
Post 11640895 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
NLC still posting bearish crap. Must be feeling helpless watching the price keep rising.
Let's see if we retest the log downtrend line.
1823.
Post 11643184 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Trolls desperate for the price to tank lol..
1824.
Post 11643998 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Bids piling up again. Nothing goes straight up
1825.
Post 11646113 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Whales having fun.
1826.
Post 11650854 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Bitfinex 6500 coins to $280, 20,000+ coins to $230
Greece, do what you got to do!
Makes you realize where the price would be without the manipulation. There are very few real sellers out there. Bullish.
Indeed. If there would be a real (big) seller, this would be the perfect condition to exit the market without a big change in price.
I think with the announcement of a few new hidden markets that we will not see those large price swings up and down within a 5 min candle. There is no reason to do it unless you are attempting to manipulate the price and cause a panic in either direction.
Do you say
this is the END of this thread. I am not sure how much traction you have on hidden markets / dark pool.
I am becoming conditioned to ignore the walls. But the asks are looking extremely shaky
1827.
Post 11650863 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
real money on stamp is not following fake exchanges, so I am not buying this story about log downtrend broken.
we could go up again few dollars, but the crash is incoming. good luck to suckers buying at 250+.
Just close your short and all will be well.
1828.
Post 11650947 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Bitfinex 6500 coins to $280, 20,000+ coins to $230
Greece, do what you got to do!
Makes you realize where the price would be without the manipulation. There are very few real sellers out there. Bullish.
Indeed. If there would be a real (big) seller, this would be the perfect condition to exit the market without a big change in price.
I think with the announcement of a few new hidden markets that we will not see those large price swings up and down within a 5 min candle. There is no reason to do it unless you are attempting to manipulate the price and cause a panic in either direction.
Do you say
this is the END of this thread. I am not sure how much traction you have on hidden markets / dark pool.
I am becoming conditioned to ignore the walls. But the asks are looking extremely shaky
Not the end of this thread but why would any high volume buyer/seller use the traditional market. There is not enough liquidity.
And yes the asks are getting shakier by the minute. Fun to watch.
To move the price of course!
1829.
Post 11651949 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Not long before the next push upwards..
1830.
Post 11654941 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
that "wall" (that looks more like a bank than a wall) is pretty clearly just one person. Done so obviously that it doesn't seem to be an attempt at manipulation, but just a genuine attempt to buy coins.
Also no one selling
1831.
Post 11656988 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Patiently waiting for next pump. Everyone waiting to go long
1832.
Post 11658935 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Why would everyone get out now?
One small buy and we are at 275.
1833.
Post 11661372 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Starting to get worried we're set for a dump to take us below 240. It's eerily quiet on here, just a hunch but I sense a dump. People might have been waiting for the pump from the other day to continue. It hasn't so we've begun a little dump, I think people who look for small profits might sell now unfortunately.
Dude, that pump was obviously a pump and dump, people do realize it now. Shorts have been squeezed, longs stayed at the same lvl which means that none of large players has bought a damn thing. They have just squeezed shorts and now they're obviously preparing a large dump which is gonna be pretty harsh due to squeezed shorts and tons of longs. It was just a fakeout orchestrated by chinese Williebot.
You sound pretty desperate.
1834.
Post 11662755 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
double digits first.
but you can count me in for this last round of taking fools money.
Short away big man. We keep awaiting updates from your latest successful trade!
1835.
Post 11665165 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Lots of coins sold to bring us back to 240. Shorts up a fair bit. Let's see if we snap back.
I'll buy if we dip to the 230's.
1836.
Post 11666022 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Shorts creeping up.
1837.
Post 11668357 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Shorts back up to 21k. 5-6k opened below 250 and will fold with the slightest buying pressure.
1838.
Post 11668730 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
getting trapped again bulls?
You shorted at 259, right? Lol
1839.
Post 11669022 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Shorts back up to 21k. 5-6k opened below 250 and will fold with the slightest buying pressure.
Here it comes
Another 500 shorts..
1840.
Post 11670667 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
hmm, this rally looks pretty strong off the $240 lows. anyone think we've bottomed here, onto test the $259 highs then?
Afraid its wishful thinking. Seems like pump ran out of steam and we are just in the middle of a small bulltrap, expecting another pull down to 220$ or lower.
Wishful thinking, we'll probably go sideways now, manipulators were testing the market after & long period of sideways. People have dumped on small profits, I now expect another period of sideways for at least a week.
I could be wrong but I don't expect a fall back to the 220's, if there's any kind of move in the short term it'll be up.
Several scenarios are possible. Borrowed longs are historically high which could mean either a large move upwards is coming or that a massive long squeeze attempt may occur. Similarly someone has shorted 5k contracts over the last 24 hours and they could be forced to cover for just a small amount of buying. Another theory is that the manipulator is actually shorting after wiping out the shorts during the pump and will flip the orderbook to the ask side and dump us back to 200-220 support.
My personal view is that the whales who own the huge long position are accumulating it expecting the price to soar at some point fairly soon. The technicals are much healthier with that recent 259 peak. Hopefully we retest the log downtrend line and best it this time around.
1841.
Post 11670951 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
seems the poll is heavily leaning bullish..... makes me think the opposite will happen.
Historically speaking the highest poll vote is more often wrong than right. If the top vote is for going up >300 then it will probably either go up less than that, sideways, or down.
yeah, usually most people are wrong. it's the same often when you look at forex commitment of traders -- kind of like a bfx swaps for forex. most retail traders are always on the wrong side of the trade.
30 million dollars of retail? Like the 10,000 coins on the bidside is retail?
1842.
Post 11672964 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Shorts up to nearly 22k and still rising...
1843.
Post 11673624 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Bears have been wrong for six months.
1844.
Post 11674287 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Bears have been wrong for six months.
Yeah, I know:
Short squeeze is coming.
(3. Inca 31,14 - 15)
...one day.
Did you miss the collapse in shorts last week? Or the price rise from 220 to 259?
1845.
Post 11687499 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
I have the log downtrend line at 262. Which is currently a paltry 4200 coins away on bitfinex.
It is just a matter of when the price moves up now IMO.
Btw who in their right mind leaves btc to be lent out short at 0.008% a day? lol
1846.
Post 11687881 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
I have the log downtrend line at 262. Which is currently a paltry 4200 coins away on bitfinex.
It is just a matter of when the price moves up now IMO.
Btw who in their right mind leaves btc to be lent out short at 0.008% a day? lol
How can I see the log downtrend ?
Could you tell me more about it please ?
This is the resistance we are facing, right ?
Go to bitcoinwisdom.com. Choose the logarithmic price option. On 1week connect a line from the all time high downwards. Change the mode back to linear and you will see a nice bendy line curling downwards. Zoom in to a smaller time mode and you can see that it today is about 262.
1847.
Post 11693862 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
The problem with tarmi-fud is that his fud is so bleeding obvious that it can lead to fear, uncertainty and even doubt.
I would disagree. Obvious BS in the face of a rising price incites nothing but ridicule.
He hasn't revealed any trades in a long time for some reason
1848.
Post 11720941 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
It would be nice (for the bears
) to see a 4k dump soon, the wall on bfx asks for it...
Just don't look at the order book and see what a 4k buy does..
1849.
Post 11721978 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Not long until we move up IMO.
1850.
Post 11726966 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Paging tarmi and the dumb shit nlc.
1851.
Post 11727564 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
This is why.
They better keep euros and stay away from 85% dropped scamcoin.
that graph is the bitcoiners version of "privatizing profits and socializing losses".
One day you'll show us your amazing history of short trades!
Until then you keep taking our money by shorting a rising market..
1852.
Post 11727888 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Until then you keep taking our money by shorting a rising market..
Muhammad, is it you? Are you invested in bitcoin now?
Keep shorting, double digits around the corner!
1853.
Post 11731347 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
Paging tarmi and the dumbshit nlc, we appear to have a price malfunction!
1854.
Post 11734413 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.18h):
according to bbc the ecb really stops giving fiat to the greece
mayhem
Monday morning in Japan in 12hrs... tick tock - tick tock...
How are you doing in all of this Macsga? Are people uneasy where you live?
Macsga I hope all is well. I return to Greece in July.
1855.
Post 11744054 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Paging tarmi and the dumb shit nlc. Price continuing to malfunction!
1856.
Post 11744440 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Bizarre that the troll keeps posting here when his posts are deleted on sight
1857.
Post 11745894 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
And you would know this how exactly? Please enlighten my ignorance.
Because he's from the internet, dude. They know everything there.
Riiiiight... how did I miss that?
Tarmi has been shorting btc since 160!
1858.
Post 11746311 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Worth remembering there will only ever be 21,000,000 btc..
1859.
Post 11747707 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Don't engage with the poor sod empowering. Let him wallow in his imaginary superiority alone..
1860.
Post 11747924 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Can mods not IP ban users for this crap?
Probably not, VPNs and the like.
More realistically a re-institution of newbie jail would at least slow these cretins down.
How many separate IPs can you easily hide behind? Tor exit nodes seem to be pretty well known to the forum filter, and there are only so many free VPNs. So it seems likely this troll is willing to put quite a bit of effort into the spam, perhaps paying the evil fees for using known dirty IPs? Which would mean paying BTC to spam here...
Could you clarify? Are you saying the forum already employs IP filtering for known banned users/connections?
1861.
Post 11751417 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
5k buy and we take 300 and 18k shorts capitulate. Incoming squeeeeeeze!
1862.
Post 11752290 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Panic sellers at 261..
They'll buy back soon enough
1863.
Post 11755564 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Time to get back in the game...
2nd coming?
1864.
Post 11758501 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
NHJT, tarmi, luckyenough, ezmoneyezlife, Yourmother and the dumbshit nlc have gone awfully quiet.
What happened to double digits?!
1865.
Post 11770789 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Seems the first attack on the 265-70 resistance failed. But the price is holding pretty good so far. Let's see if 250 can be held, then the prospects for July are great ...
Nevertheless, I voted for a July top of less than 300. I think it will reach again the levels of about 270, and maybe a little higher, but not much more. Black swan events not taken into account
The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash.
One of only a few decent attempts at FUD there are left to seriously dent the price now the downtrend line has been breached.
You better shout louder :p
1866.
Post 11771029 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
I saw predictions of crashing back to the 220's yesterday
. Looks like we're holding the 250's pretty strongly. I have no idea what the price is going to do in the short to medium term. If I had to try & predict something I'd say we could enter another period of sideways, maybe ranging between 240-270 for a few months now. Stability is good, I'll accept that to be honest, then we can start the next surge upwards. Hopefully breach 300 by the end of summer which will set us up nicely with a number of positive price changing possibilities in 2016.
Just keep accumulating LFC.
1867.
Post 11771727 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Seems the first attack on the 265-70 resistance failed. But the price is holding pretty good so far. Let's see if 250 can be held, then the prospects for July are great ...
Nevertheless, I voted for a July top of less than 300. I think it will reach again the levels of about 270, and maybe a little higher, but not much more. Black swan events not taken into account
The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash.
You think a court is going to order the coins to be sold on some sketchy exchange? An auction seems more likely.
I don't know what the court will decide. All I know is according to this site Japanese law has always forced bankruptcy settlements to be paid in cash. However, there is a rule that if a committee of the majority of creditors is recognized by the court it might be able to demand payment in Bitcoins, but it would be the first time its ever happened.
https://www.cryptocoinsnews.com/mt-gox-creditors-demand-payment-bitcoins/In Japan, all settlements in bankruptcy proceedings have always been in cash and any settlement approved for payment in a cryptocurrency would be a first, a landmark........
Daniel Kelman, a US Layer, resident in Taiwan, today informed the notified trustee to the Mt Gox bankruptcy, Nobuaki Kobayashi, of his intention to form a 'rebel group' of creditors seeking to receive their payments in the form of bitcoins.....
McLannahan explains that under Japanese law, a committee representing more than half of creditors has the power to participate in proceedings, so long as it satisfies certain conditions and is recognized by the court as representing the interests of creditors as a whole.
The context of the original post I addressed was about black swan events. The Japanese court ordering the Bitcoins to be sold on exchanges could be considered a black swan event. It would be unexpected, but not impossible.
Not impossible, just an extremely unlikely, very low probability event.
Tarmi and the bears here might actually get their 2.5 year 'double digit' itch scratched in such a scenario.
It is far more likely that bitcoin instead does what it has done in the past and bubbles upwards eventually IMO. Betting on doomer outcomes isn't a great strategy
1868.
Post 11771880 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
double digits are not doom for anyone but bulltards.
bitcoin will be just fine.
Bitcoin
is just fine. The market hasn't priced bitcoin in double digits for two years. Of course you are right and the market is pricing bitcoin incorrectly!
1869.
Post 11772142 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Someone shaking the tree.
1870.
Post 11772190 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
I have to say whoever maintains those steep ask side walls is doing a sterling job of attempting to keep the price from rising
1871.
Post 11772939 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
I'm kinda mystified about how an exchange works.
Am I always buy/selling to a peer?
Or does the exchange sell and buy directly to users also?
Does an exchange adjust its prices in consensus with other exchanges?
Or is it all independent marketing?
An exchange is simply an orderbook consisting of bids (buys) and asks (sells). Where a bid and ask coincide is the exchange price.
1872.
Post 11774472 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Just got my Trezor, its freaking awesome. Way smaller than I expected. I recommend buying from Amazon though as it took my friend nearly 3 weeks to receive his straight from the Trezor site.
I've been thinking about getting one for ages. Think I'm going to bite the bullet & get one in the next week or two. I've done a lot of research/reading about them. I think it's brilliant that the private keys are never exposed to the internet & if you lose or damage your trezor you don't lose your bitcoins as you can recover them with your 12 or 24 word seed/password. Well worth the money imo.
Sorry for going off topic guys but has anybody else got one, care to share your experiences?
I pre-ordered one when they were first getting started and naturally it took 9 months for me to get it. I've just become set in my ways w/ how I currently hold my stuff so I haven't even taken it out of the package. I'm just saving it as a novelty at this point.
My mycelium USB dongle is a novelty, too. Never trusted it to create my cold storage addresses. Still cool though.
I would buy a trezor if they released the metal version again.
1873.
Post 11776290 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
You mean long like a permabull? I never went that long!
Meanwhile I closed all longs and stand on the sideline, observing the development.
This retracement could even go a lot a higher, but were here on some critical point now, where a reversal is not very improbable.
Anyway, even if the retracement goes higher (where the dump3er will jump on again) Im sure that well see mayor lower lows before a new athTranslation: I have no idea where the price will go but ill give a bearish tilt as i closed my long position. If it goes higher I will get FOMO and chase the price higher.
1874.
Post 11781733 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
I think we move up soon..
1875.
Post 11789130 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
I think we are shortly about to launch.
1876.
Post 11789873 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Guys, I'm new to this trading stuff. Does this sort of thing have a name? It means we're gonna keep chooching, right?
Ask any troll ... double digits by the end of the weekend.
That is the troll..
1877.
Post 11790139 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
4k wall just appeared at 260 lol..
Let's see if anyone bites
1878.
Post 11791815 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Thought it wouldn't take long with those orderbook manouvres..
1879.
Post 11792169 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Few more stabs higher over the summer and the bears will give up holding the price down..
1880.
Post 11794987 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Vote no macsga. It's for the best IMO.
1881.
Post 11798416 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Back from a day on the water and the bitcoin price seems to be experiencing a continued upwards price malfunction.
Still another 8000 shorts to shed before we are back to the levels seen in 2013.
1882.
Post 11798639 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Back from a day on the water and the bitcoin price seems to be experiencing a continued upwards price malfunction.
Still another 8000 shorts to shed before we are back to the levels seen in 2013.
Wonder at what price the shorters REALLY start panicking???
300.
That is the last line in the sand for anyone trying to hold bitcoin down. I expect a big battle there and if the bulls break through 300 then the football held under the water will be released.
The climate has changed. I have been buying every week for six months and the downtrend is definitively broken. The bears lose by the price just staying where it is with the halving drawing closer each month. It is dangerous to say it but we
know bitcoin will do it's thing at some point in the next year
1883.
Post 11799465 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
So, that means 53% of all valid votes is "no". "No" confirmed.
That's what the official government website shows, the no voters have won and the votes not counted yet won't make any difference to the final result. The prime minister will probably be doing speeches and TV interviews about his next moves all night.
http://ekloges.ypes.gr/current/e/public/index.html?lang=en
He already has given his speech.
1884.
Post 11799675 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
so thats it, greeks are getting out of the EUR?
It means they are not accepting the proposed deal, but there will be more talks soon.
There's no way to leave the Eurozone without leaving the EU completely.The UK is happily in the EU but not in the eurozone, so it is possible, though difficult for greece.
Options as I see it are:
1) soft default: restructuring of loans - write down / partial jubilee or freezing of interest payments - burden taken by ECB and continue using EURO as main currency.
2) outright default: for the long term by far the best solution for greece, though would lead to severe short term turbulence and leave greece cut off from bond markets. Iceland has recovered and was in a similar boat.
3) kick the can further down the road with another x billion 'lent' by eurozone members (probably not tenable given IMF statements this week)
The people voting no means they want the debt restructured. The drawback is that most greeks also want to stay in the EURO
1885.
Post 11800015 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
He isn't anything more than a mild annoyance anymore, given how ineffectual spamming a forum is when the price is rising.
I just click 'report to moderator' and his posts are gone within 5 minutes.
I think when we pass 300 he'll just get bored like the numerous other college kids playing with their charts and experimenting with leverage before him (NHJT, newbie1022, luckyenough, tarmi, etc..)
1886.
Post 11802391 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Orderbook on finex looking like 300 is the line in the sand for the bears.
Where does the price correct before continuing the march higher?
1887.
Post 11802975 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Now would be a really good time to launch Gemini..
1888.
Post 11804896 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
I'm still waiting for tarmi to reveal his winning shorting formula.
I closed my first leveraged long position this morning based upon the growing mountain of asks appearing near 300. Bitcoin marches on regardless!
1889.
Post 11804912 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Can you imagine what the price does when the mystical COIN etf is announced? lol
1890.
Post 11805119 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
Actually just an uptrend is enough to get people buying
1891.
Post 11805350 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.19h):
~22 dollars to 300.
Going to need some big shopping bags to get there!
EDIT: shorts down to 10,000. Bears are burning.
1892.
Post 11808178 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
The climate has changed. I have been buying every week for six months and the downtrend is definitively broken.
Buying every week 0.01btc is not considered buying. Nobody cares about such low amounts of money. Even my housecleaner earns more in tips than you have spent in 6 months on bitcoin.
Poor bastard.
I'm quietly confident that I earn considerably more than you old chap.
And that's not mentioning the legion of other bitcoin buyers supporting the price..
1893.
Post 11811278 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Starting to rebuild long position here and if we dip lower. Gambling is fun!
1894.
Post 11822413 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
This LTC pump is fairly insane.
Someone poke bitcoin for us.
1895.
Post 11822897 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Someone trying hard to keep bitcoin down on bitfinex.
Must. Keep. Below. 270!
1896.
Post 11823458 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
yeap, kinda sad to watch all those bitcoin trolls waiting for a 10 % rise while litecoin is up like 500 %.
that's because you arent any different from others bull scam a-holes.
consider me shorting ltc a "voice of reason".
If it's sad being up $50 in a month on btc... what does it make the dude who shorted at $235 and then decided to short the arising chickun?
you stupid? that was pure trolling.
Ah. Winning when the price drops. Trolling when it rises.
1897.
Post 11823614 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Ah. Winning when the price drops. Trolling when it rises.
just trolling for the lels.
better than baghodling and trolling, right inca?
I'll let you know
1898.
Post 11824621 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Is that the bearwhale on Bitstamp back in action?
Can't spot it, but if it would try to break the uptrend now it would surely fail because it failed last time and the market is way more optimistic now
The price is certainly being managed today. Don't want bitcoin spiking when the NYSE is halted and China is crashing.
Hrm.
1899.
Post 11824989 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Transaction spam continues... And with 1MB blocks, spammers get their fees back as the tx's get booted out of the mempool after 24 hrs. Cost free to continue indefinitely.
I'm sure the curious newcomers will understand all about how BTC was intended only to be a settlement instrument with high fees as their first transactions get "stuck" in a maxed out system.
Spammers playing chicken with core devs. I predict that blocksize scaling is implemented this year.
1900.
Post 11829641 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
LTC from 1.5 to 6.7 in a few weeks. Seems legit
Looks like we will have to wait for bitcoin a little longer.
Worth pointing out that if you watch LTC there is no resistance to buy pressure. Buying naturally pushes back the asks. A bit different with bitcoin!
1901.
Post 11829694 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
LTC used to be 50 USD per coin during the previous high, still some room upwards left...
But what is the trigger? Just a pre-halving pump, no?
1902.
Post 11830081 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
I am going out for a bit. If bitcoin would like to attack 300 that would be great!
1903.
Post 11830901 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Bitcoin is trading oddly at the moment. Highly volatile in a narrow range.
We may be shedding last few bears and profit takers before the next move.
1904.
Post 11832516 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Now
that is some great market manipulation
1905.
Post 11833086 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Right fellas. I head to Greece this weekend for 2 weeks and will give some updates in a dedicated thread here in the spec forum if people want it..
1906.
Post 11833337 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Right fellas. I head to Greece this weekend for 2 weeks and will give some updates in a dedicated thread here in the spec forum if people want it..
If you're not lying, then if I were you I would cancel my trip immediately. Expect complete public unrest and total chaos to breakout there in about 2 days. Think Arab Spring, riot-in-the-streets type chaos.
You forgot the dragons spitting fire and Freddy Krueger with his new saw, cutting off heads on the streets...
LOL. Tell him where you live macsga..
1907.
Post 11833681 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Taking a shit load of euros, don't worry Torque..
1908.
Post 11839166 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Care to share which "predictable" coin we should start pumping next?
If you can't understand what coins I'm referring at, then this game just isn't for you.
It all seems so disingenuous when you only tell us of these "predictable" outcomes after they happen...
The next bubble will be the bubble of altcoins. Those, who know what they're doing, have already positioned themselves under select altcoins.
The excitement and crazy gains will be in the alts. Bitcoin will slowly implode on the weight of it's wasteful mining network. Speculators will stay away from bitcoin for the same reason - the mining network just siphons too much speculator money from the market. Some corporate fools will try to keep the bitcoin hype going, but nobody will eventually care. Money has moved into the bitcoin market mainly because of speculation, and the odds are currently very bad for everyone, because it's not even a zero-sum-game anymore, it's a game where the speculators have to feed large mining farms whose contributions are marginal in return.
When you look at my history, then you see that I have been singing the same song since, well.. the beginning of this username. Most people here can only accept cheers about easy riches with bitcoin. Even if I give them tips that aren't usually shared for free, they still hate me for not mindlessly cheering about bitcoin.
We don't hate you.
But this is a bitcoin forum. If you want to discuss other coins then feel free to do so at an appropriate venue - which isn't here.
1909.
Post 11839176 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
The bitfinex walls have suddenly shifted to a bearish configuration..sigh. Pesky whale.
EDIT: back to previous shape. No manipulation here
1910.
Post 11839246 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Let's see a 28x
7k to 300..
Edit: boom..
1911.
Post 11839270 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
1912.
Post 11839361 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Fasten your seat belts gentlemen! 300's coming!
6k away on finex..
FOMO kicking in..
1913.
Post 11839400 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Biggest green candle for quite some time..
1w chart now look bullish as hell..
1914.
Post 11839421 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Last 10k shorts will start to be squeezed as we approach 300..
1915.
Post 11839816 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
next 24h critical
No. We will go back to stable 250-275$.
This spike was caused by LTC cash-out.
Just have a look at all BTC/LTC charts.
Has nothing to do with BTC demand bought by FIAT.
The cycle was very easy:
Accumulate LTC with FIAT or BTC.
Pump LTC like shit (Ponzi in China)
Trade LTC for BTC -> increase BTC price
Sell BTC for FIAT -> drop to levels before the LTC pump
Rinse and repeat. Love that unregulated market. So many people to lose money. Thanks.
Time will tell. The bitcoin 1w chart is looking extremely bullish. Just an uptrend is enough to keep momentum buying to get us over 300 and then once we breach 300 on finex / bearstamp / btc-e things could get really exciting real quick.
1916.
Post 11842597 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Let's wait some days and see if I'm right or not.
This is certainly not the first time when someone tries to ridicule my advice. Ever since December of 2013, I have started to loathe bitcoiners more and more for it. It's kind of heartless, but I will actually feel joy when the most fanatical bitcoin zealots will go broke. I really think that they are the culprits of their tragedy and they deserve what's coming to them.
And you wonder why people think you a bitter prick..
1917.
Post 11842772 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Comments on the bidside orderbook?
1918.
Post 11842833 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Do you guys reserve margin or just leave it rolling over on the variable daily rate?
1919.
Post 11845211 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
can someone plz tell me wtf is going on?
I actually lol'd at that
1920.
Post 11845324 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
We just need friendly whale to redisplay his bids and we will just drift through 300.
He seems to not want to play though.
1921.
Post 11845811 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
If we hold our ground here then I am tempted to take another leveraged bet. Made my last one at 220 which worked out nicely.
1922.
Post 11846779 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Nice retrace.
Start dipping my toes when this bounces..
1923.
Post 11849539 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
I would be feeling very bullish if it werent for the bidside order book looking so weak.
1924.
Post 11850326 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
I would be feeling very bullish if it werent for the bidside order book looking so weak.
The market almost dried up. No one sells and takes profit anymore - even after such a rise. That should be sign enough. Since when are you in bitcoin, inca?
A real bullmarket is bought right out of the ask. No matter what the bidside is.
I am holding strong. I am also leveraged long (which is a bit silly but I couldn't resist)
1925.
Post 11850443 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Wall down on Finex and a little momentum. 300 incoming?
About to board a plane. Hope so
1926.
Post 11850540 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Just waiting for someone to get this party started!
1927.
Post 11850644 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Already breached $300 on Huobi and OKCoin. Sitting at about $301
Yesterday they went berzerk. We need finex to break 300.
Big players have closed their shorts anyway.
1928.
Post 11850805 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Dafuq is going on?
Spam attack.
1929.
Post 11850970 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Dafuq is going on?
A "stress test" by an entity called coinwallet.eu .
It should show what happens when the network saturates (expected to happen naturally by the end of the year) and therefore why increasing the blocksize limit should be a no-brainer decision. But the "new core devs" are absolutely against it, for reasons that only their investors know...
You've always been very negative about bitcoin.
Did you change your mind?
You sound very positive about it now, or are you trolling?
Why would you care about the blocksize? It sounds like you care.
I've seen stolfi battling for blocksize increases on Reddit.
He is coming round
1930.
Post 11851067 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Finex move your arse!!
1931.
Post 11851227 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
If you're not all in RIGHT NOW, you're doing it wrong.
One last push!
1932.
Post 11851286 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
ETF announced?
1933.
Post 11857676 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
we're still going to have to wear bandages for quite a while, if that soothes your pain.
No, it doesnt. But I evolved sympatacy for a couple of permabulls here. So that soothes my pain a bit
One sleep and I missed it!!
1934.
Post 11857812 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
5k coins to 330 on finex..hmm.
Shorts up to 10k. They keep trying bless their cotton socks!
1935.
Post 11857956 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
5k coins to 330 on finex..hmm.
Shorts up to 10k. They keep trying bless their cotton socks!
and 90 000 btc margin longs.
Yes, true. But my long position is held with BTC as collateral.
This party is only just getting started. So far this has been extremely controlled
We haven't had fomo. There are thousands of bears who will jump on the rocket ship soon if we keep climbing.
1936.
Post 11858096 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
wait for the candle to be printed above 315$ before getting over exited.
the 1d chart reminds me of the LTC chart.
we are defiantly in profit taking area rather then yolo long area for now.
Ltc went completely parabolic. This is just an accelerating rise. But sure good place to take leveraged gains..but as you say the last technical level to hit is 315..not too far away.
I would prefer is to sit here awhile and cool off.
1937.
Post 11858285 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
So who really expects downward pressure?
if this shows any signs of weakens at this point I am short.
This pump was leaded by LTC and will likely follow the pattern for my understanding...
The squeeze potential is quiet big right now..
Squeeze of what? The majority of the leveraged long position has been locked in since the low 200's, probably a huge BTC stash from an early adopter / miner. In fact the long position is falling as the price rises.
Profit taking is natural. But shorting every rise would have stung traders very badly for the last 6 weeks. If the price really starts moving then literally anything could happen and shorting without risk management is cray cray.
Technical traders are looking to get in at a decent entry. I am just enjoying the 3 at the beginning of the price
1938.
Post 11859557 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
Wonderful to be on holiday with bitcoin entering orbit..
I hope this run has a bit more steam. Raising my glass to the bitcoin bulls who held strong and bought through the dark times
1939.
Post 11859817 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
That's it. Technicals all aligned. Last target hit.
Bitcoin is back. I'll be buying in with a large leveraged position on the first retrace.
Back in a minute, just putting on my moon suit.
1940.
Post 11861293 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.20h):
1700 coin market sell..
Lets see how things react.
1941.
Post 11865861 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
A lot of the price rise wasnt about Greece.
Technicals of bear over.
This move is overdone already..buying
1day chart puts this correction in perspective
1942.
Post 11865917 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Thats prob the stupidest thing to do.
Why? You are short..
Those who wanted out are already sold.
What happens in the next few hours is important. If bitcoin holds here then we go up again from a new level. Or a few months of range trading again.
1943.
Post 11865969 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Lol @ whoever took a long position.
Now lets see what bitcoin can do.
Panic selling at 280..lol
1944.
Post 11865998 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
What a farce.
Weak handed mother f**kers
Yep. Let's see how far up it gets bought..
1945.
Post 11866127 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
The ask side orderbook on bitfinex is hilarious. This whale lol. Dumped his coins and now wants us to dump them lower so he can rebuy. Er fuck off.
1946.
Post 11866173 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
just when we start seeing new people buy in at 300+ the price crashes... damn market....
One big trader..not market.
1947.
Post 11866197 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Are walls same guy. He wants price to stay level but people to sell into bids..then we go up again?
1948.
Post 11866220 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Awaiting the bears
25 dollars late for that..
1949.
Post 11866276 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
280s likely hold..
1950.
Post 11866313 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
BTC still up 24% last month.
Relax people. We wanted a dip to buy on. This is it.
1951.
Post 11866394 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
That actually makes a lot of sense given that it was recent news
Nice find didn't even know that occurred but it looks like the markets reacted instantly to it.
French President Francois Hollande has said "Europe has won" as a debt deal was struck with Greece.
He said that to have lost Greece as a member would have been to lose "the heart of our civilisation" and called on the Greek parliament to convene within hours to adopt the new package of austerity measures.
Greek banks are expected to remain closed for a few more days while details of the package are finalised.
I guess our dreams of a whole country potentially mass adopting BTC in the near future due to a crisis have been shelved...
What is the actual current value of BTC without the greece crisis? it will probably go down? guesses as to price? Ill set some buys slightly below to catch the knife. Dont know what number though :s
The uptrend is intact.
I have a buy set for 275.
Also a cheeky entry at 285.
1952.
Post 11866498 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Let the remaining weak hands sell then we can restart the wall of worry once again..
1953.
Post 11866617 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
give up. mongolian monster farms will dump at any price to wipe out competition. their break even is around 160, thats where we're heading. l
They can dump 3600 new BTC per day.
If they had the entire daily mining supply. Which of course they don't.
With every passing day the mining supply is less of an issue in terms of setting the price.
1954.
Post 11866672 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Slightly irritating the price didn't chug along just a few 10's further before the
twatmanipulator sold.
It would have been very easy to keep the bull going..
1955.
Post 11867092 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Not sure who is selling now in the low 280's after a 35 dollar drop.
The orderbook and the ferocity of the sell off tells the whole story. If this was a 'real' sell off then the chappy with 12k coins sat like a sword of damocles on the ask orderbook would have just sold. I wouldn't be surprised if the orderbook flips around to the bull side over the next few days once he has reaccumulated from panicking prawns.
Bottom line if bitcoin holds in the 275-300 range for the next few days then the bull is still ON!
1956.
Post 11867183 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
14 dollars to 300
2k coins only to 300 on stamp.
The manipulator is most of the coins on finex.
Come on China do yo thing!
1957.
Post 11867804 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Funny how all the ask Walls on finex disappear or move higher when the buying comes closer!
Almost as if they aren't real.
1958.
Post 11869696 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
aaaand more abusive bullshit
coinbase goes down , price up $6 , back up , right back down immediately
it's almost as though all of the exchanges act in clandestine collusion to take turns screwing their customers as severely as possible
nothing but fuck you pumps and fuck you dumps bulltrap beartrap bulltrap beartrap why the hell can't we act like *every other* traded commodity and currency on the planet
is it really too much to ask that we have honest markets and manipulators not raping the market ? i guess that is a lot to ask
ps can we just go ahead and ban NLC's IP address ? that would be a lot easier than deleting their daily puke and banning each new account for the 5000th time at least make them leave their basement and find a starbucks wifi to continue their incessant harassment of this forum (then keep banning those until they literally have to commute to keep trolling)
Price hovering in upper 280's. Could be a lot worse.
Just report the posts and they are deleted in seconds.
1959.
Post 11870140 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Ask side looking mighty thin on bitfinex. Let's see if we can drift up..
1960.
Post 11872522 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Cautiously optimistic.
It could have dropped a lot further. Instead we are around 292 and there are only 2.4k coins to 300.
We could still drift higher and continue upwards..
1961.
Post 11876104 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
What is the reason to think the Greek Parliament will pass the reforms? and if they can't get the votes?
Nothing is over.
that is the reason why we are at 290 right now, and not at 220 again.
It's funny how people try to attach real world events to price action as if they are anything but loosely connected.
The Greek thing is a catalyst to waking up Joe public to what banks really are, but bitcoin has just emerged from an 18 month bear market. If bitcoin has a future the price will rise again regardless of world events.
The price dropped hard yesterday cos it ran too far too quick and a big player took profit.
1962.
Post 11876124 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Well here we go to the 250s again.... short in guys cmon dont be stupid!
Its 289$ today, and it will go down a much more. Actually I want it to go down much more so I can put more of my money in btc at much more affordable price
After 3 months, the btc price is going to shoot real high and you don't want to miss that train man. I have been waiting for this from a long time and I have my patience game strong at the moment haha
You must be relieved it fell back slightly from above 300.
Your plan is to wait for the price to crash so you can buy in big, then wait three months and get rich? Hrm.
1963.
Post 11880175 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
A Greece deal has reached.
Selling is the best option for now
IMF warned that Greece needs deeper debt relief. Not over yet.
Agree; we're FAR from a "deal". A portion of SYRIZA has revolted against the austerity package and they refuse to vote for it; if that happens elections it is sooner than later. AFAIC the viability of the debt... let me say it out loud:
HA
HA
HA!
What is the overall sentiment now? It seems like Greece is between a rock and a hard place with equally foul tasting poisons. The medicine as bad as the sickness. Is there any real choice? Is it so critical to stay in the EU that they should cede island ownership and assets? My understanding is that even if Greek left the EU, the creditors would still take the gold and everything else. Cursed every which way but up as they say. Thoughts? Just wondering, thanks. Crappy times.
Re; Putin; Very suggestive statements. Using a blockchain for citizen identification, namecoin? to prevent ID fraud. It seems as if a cryptoeconomist has his ear. More forward thinking than I would have thought. Interesting approach in light of being plagued by various extremist groups. Interesting.
In Greece atm. No obvious discontent among the people at all. I have seen lines at most ATM's but that is all.
This process between the eurogroup and Greece certainly is not a democratic process. A clear NO vote with 60% of population and then a week later the PM takes a deal to increase the debt further. The debt wasn't payable when it was 120bn euros, a further 250bn euros of 'bailout' made it impossible for them to service even the interest payments and therefore a further 50 bn is simply extend and pretend gone mad.
If it shows anything, it is that fiat currency and it's creation is a massive joke.
1964.
Post 11884785 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
The vote almost a foregone conclusion and therefore should be priced in already. There is an edge case that there will be a rebellion by the greek MP's and that should be hugely bullish for bitcoin. But otherwise this was decided at the eurogroup meeting. Grexit deferred.
1965.
Post 11886912 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Re. your edit: I find that people are less guarded and much more receptive when I sprinkle my texts with misspellings and shit grammar.
Have you considered cogent arguments instead of repetitive put-downs and your trademark image macros?
If he contributed anything useful he wouldnt be entirely banned from the forum and have his posts deleted on sight..
It takes literally a second to report anything he posts for deletion.
1966.
Post 11887948 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Athens city centre is rioting with firebombs..
1967.
Post 11890019 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
wow nice bunch of 5 minute red dildos.
Vote is a YES in the greek parliament.
Traders trying to front run as if the market really expects anything else..
1968.
Post 11890039 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Orderbook is stacked on the bid side. If it is real then we aren't going anywhere below 280.
1969.
Post 11890118 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Pitiful sell off.
1970.
Post 11892258 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Bulls getting owned
Really? Down 1 dollar from when I hit the sack. Order book the same and the price spiked to 295 briefly wiping out anyone short.
1971.
Post 11892661 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Shorts up to 12.5k.
Longs at 27.5 mil USD.
In a bear market sideways action leads to impatience and a heavy speculator deciding market direction with a speculative sell (in the direction of trend). With the bear market technically over it will be interesting to see how the next move plays out.
'Line on a chart' analysis suggests as long as we stay above 275 - 280 we will probably break higher and through resistance at 300. If that happens then like a light being switched on, the bitcoin bull will be back and we could see 400 quickly.
If we stagnate here then we could range trade for a few months. Lots of support levels right down to super support at 210-220.
The halving countdown has already begun. My guess would be that the bitcoin halving rally will be front run by traders second guessing the previous bitcoin halving (rally after) and the recent litecoin halving surge (rally before) and we will rally earlier than most traders expect.
We still have two swords of damocles (gox coins could be bearish, could be bullish; coin etf - could be massively bullish if allowed by SEC eventually) and a little dagger (final us marshalls auction of 44k) hanging overhead.
I think we will move sideways for a bit as bitcoin shakes out the shorters a few more times before it does it's thing.
1972.
Post 11892723 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
It appears that there is always some issue when btc starts a bull run. This time we have the blockchain spam issue which seems to be causing a lot of grief. This cannot be a co-incidence that bitcoin always runs into issues just when it is about to break into a bull run. I am sure there is someone or some organisation and govt. agencies who are behind these spam attacks and every other attack that has happened to BTC ever since it came out. This just goes to show that they are bothered by the rise of crypto and will try anything to kill crypto in nascent stages. BTC has shown its resilience to these attaks so far, but how long can it hold out is the question.
*tinfoil hat on*
bitcoin and crypto represents a distinct threat to the global nwo police state corporate fascism military industrial complex whatever you want to call it. i think many of us here understand this on some level. btc and other crypto is basically money that (we think?) did not come from governments/banks and they cannot easily control or contain. perhaps most fundamentally we the powerless are not supposed to be able to evade and escape from governments/banks or even dare think to do so. the best that can be done is to expend resources financial, technical, media, political, legal to attempt to hold it back long enough that it can either be consumed and controlled by the state/bank power structures or that it is defeated on a technical level or that it implodes upon itself in financial terms ie extreme loss of value and major loss of users and merchants. if btc reaches (it probably hasn't yet) a critical mass of growth in adoption it could upend and decimate other stores of wealth specifically government backed fiat currencies. i could see a hypothetical
global cryptographic backed democratic direct government of some sort being adopted, in concert with the rise of cryptocurrency and decimation of existing fiat wealth, and governments may fall, perhaps to be replaced by some type of resource management system governed by the will of all citizens of earth. whether this would instigate global war and force all countries to adopt dictatorial regimes, lead to complete anarchy and breakdown of society, or herald a new era of human freedom and global peace is the question.
or it could just be intentional manipulation/interference with the btc system by tech savvy whales for solely greed based reasons.
Things like that already mooted. Modern democracy is so inefficient and legacy.
www.bitdemocracy.org
1973.
Post 11893050 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
after the 300 double top we can finally go sub 200
Im pretty damn sure you are right, sir.
Stop talking, you are dead!
Hey, ce va?
calm your longs bro, stop getting burnt.
You seem very excitable considering the price has moved sideways since the drop back from 300
1974.
Post 11893536 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Going on a sailboat holliday for 20 days now. Happy trading, guys!
What kind of yacht norway?
1975.
Post 11894368 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Shorts up to 13k.
Someone is about to get hurt.
1976.
Post 11894382 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
the buy walls are real, good luck dumping 10k btc to 270
Yep. Bullwhale is loading up, shorts are rising. Guess what happens next as the new up trendline approacheth.
4.5k to 300 on the ask side lol.
1977.
Post 11894430 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Another pump failed, it won't end until 240 is back.
Sell while you can
You mean you sold?
1978.
Post 11894445 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Need to go under 280 first
EDIT: let's see if the ask walls are real.
1979.
Post 11894628 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Shorts up another 1000 in the last hour to 14k.
1980.
Post 11894711 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Need to go under 280 first
EDIT: let's see if the ask walls are real.
Well it just went under 277.12$ - 2.36% from past 14 hours i think. This is a bad thing what is happening ?
The price is falling because someone is selling it lower. No mystery. Either it bounces and the bears who have just shorted heavily get margin called or we have left the bear market but have a lot of sideways to work through.
9 dollar drop already cost in excess of 10k coins for the sellers..
1981.
Post 11894761 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
If we bounce at 275 and hold that is still bullish..
1982.
Post 11894802 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
>10k dumped to move us down 9 dollars.
1300 coins to get back to where we were..
1983.
Post 11894846 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
The price seems to rise when NLC posts his crap.
1984.
Post 11894907 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
If we drop and stay below 275 I may be concerned that this mini bull run is over. Otherwise we are just working off the exuberance of the blow off to 316.
We haven't even strayed below the bullish trendline for the latest surge.
EDIT: I think the bottom is in..going long and off for a swim.
1985.
Post 11896077 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
so... are you nervous falling back in the log downtrend?
imho there is a good chance that the correction is over at that point.
Log downtrend line is now down in the 240's.
We seem to still be some way above that. (Even with the 10 dollar dump and ~30 dollar drop from the peak
)
1986.
Post 11898122 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Well the price is still moving sideways.
Let's see where we go next.
EDIT: back in the 280's ho ho..
1987.
Post 11902653 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
aaaahhh. will short all the way down to 190. feels good to watch the true believers eating cock.
I relented for a while but it's time for you go in the ignore box.
1988.
Post 11908269 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Off to the beach. If bitcoin could moon that would be pleasing.
Edit: Woman taking her time. How long do you guys reckon before gemini, the ETF? Will they happen before halving? Is there a timeline for gox coins return?
1989.
Post 11911001 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Back from the beach. Price flat. Longs/shorts not doing much.
Right off for a cycle.
1990.
Post 11911438 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Back from the beach. Price flat. Longs/shorts not doing much.
Right off for a cycle.
Beach? Thought you were from Birmingham mate? Yeah price flatlining atm. Pretty dull but this is a long game, we're in this for years. No rush for huge price surges, sideways = still opportunity to keep accumulating. I'm going to a party in an hour or so. Bitcoin can take a back seat until tomorrow
In Greece going slowly brown
1991.
Post 11911533 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Back from the beach. Price flat. Longs/shorts not doing much.
Right off for a cycle.
Beach? Thought you were from Birmingham mate? Yeah price flatlining atm. Pretty dull but this is a long game, we're in this for years. No rush for huge price surges, sideways = still opportunity to keep accumulating. I'm going to a party in an hour or so. Bitcoin can take a back seat until tomorrow
In Greece going slowly brown
Have you sold any Bitcoins to Greeks through local Bitcoins yet? They were selling for way above the market rate last week but I haven't heard how much they are selling for since the Grexit fears subsided. Somebody from Greece quoted a very high figure last week and I'm interested in hearing if it's still the same.
No, just enjoying my holiday. To be honest you wouldn't know anything was afoot if you didn't turn on the tv. What is amazing is how democracy has just been ignored here. There should have been revolution.
1992.
Post 11924123 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Been having fun gentlemen?
Sat on the beach on a nice Greek island. Waiting for moon!
1993.
Post 11926044 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Good morning Bitcoinland.
Still in the $270s I see, pretty much where we were before the weekend.
I'd yawn and go back to bed except the Bitfinex situation is en eye opener.
When I try their site I get an immediate 502 error so I assume it's a DDOS attack.
I'm surprised more is not being said about it here.
This calm with the price at 270-280 is reassuring. Bitcoin is out of the bear market and now is ambling along with negligible media attention. I suspect we will drift through 300 and the media will wake up as we pass 400-500.
Knowing how manipulated the market is I wouldn't be surprised if the move up from 219 to 316 was a deliberate move to break the bear trend knowing some major announcement is in the works. Accumulation prior to Gemini + ETF or something of that nature. Either way floating around at these prices with the halving roaring closer every day is fine by me.
1994.
Post 11926320 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Is it just me or are the price manipulators getting desperate?
Bulls are happy to buy at 200-300. Every sell off will be bought.
Bitcoin investors wont be selling until the halving is here.
1995.
Post 11942784 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Every day is one day closer to the halving. One day closer to the next ATH. I've started banking my trading profits in BTC instead of dollars. We'll never see $220 again.
please explain.. what is keeping bitcoin from seeing 220 again ?? what is your idea why that is ?? just the halving is the reason why u think that ??
Think halving is huge and undervalued as no currency out there have done anything like that (minus ALTS). Will we see $220 in the meantime is anyone's guess....
Unlike the feds who well, quite frankly, do whatever the fuck they please. Always putting out there "We might do this"...guess what... with bitcoin, there is no might on the supply.
Hence why the argument of it already being priced in somewhat certainly holds water.
It isn't priced in because it is over a year away. There are people arguing for a rally, a fizzle or no effect.
It is undeniably a huge event on the bitcoin calendar because it marks the last time that bitcoin coin inflation can ever be blamed for supply exceeding demand and pushing the price down.
5% inflation is pretty good. But any price shenanigans that go on around that time will be driven by the same heavy speculators driving the price up and down.
In the longer run if demand picks up then the reduced mining supply could lead to price rises. Which would be nice.
1996.
Post 11944818 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Hence why the argument of it already being priced in somewhat certainly holds water.
It isn't priced in because it is over a year away. There are people arguing for a rally, a fizzle or no effect.
It is undeniably a huge event on the bitcoin calendar because it marks the last time that bitcoin coin inflation can ever be blamed for supply exceeding demand and pushing the price down.
5% inflation is pretty good. But any price shenanigans that go on around that time will be driven by the same heavy speculators driving the price up and down.
In the longer run if demand picks up then the reduced mining supply could lead to price rises. Which would be nice.
Disagree. Any event that you know of is a part of the consideration when buying/selling that stock/currency/commodity etc etc.
I'm not saying its completely priced in I said hence why that argument holds water.
You can't seriously suggest that it's not already part of the market psychology when people are already talking about it and anticipating a price rise due to it. All speculators big and small are holding hoping for it to cause a price rise.
It certainly doesn't mark the last time that btc inflation can be blamed for supply exceeding demand. How can you possibly say that. If the price rallies up to $10000 on a spike (remember on long term charts $1000+ was just a monthly spike) Then supply in $ terms could still easily outstrip demand. Don't forget not all mined coins are instantly sold, and all mined coins are part of inflation.
My point being you can't possibly state what you're saying as fact.
Saying it is priced in is meaningless in my humble opinion. It is just something people say. If the market simply knowing an event in advance means it is priced in then the 2020 halving is priced in too, right?
You are right of course that if the price rallies up hugely then even 5% inflation could exert an effect. But the price is set by supply and demand and going forward the mining supply is going to become largely an irrelevence in comparison with the actual proportion of coins already in existence being used to set the price.
I will just say that it is an exciting time to be in bitcoin.
1997.
Post 11949007 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
If you're serious then selling out is the appropriate motion at this point. Otherwise, stay tuned cuz the next moon is right around the corner and you'll likely miss it base upon your disbelief at what is to come cuz you're so shell shocked.
Please don't quote him..
1998.
Post 11953316 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Price flat. Another 800 shorts capitulated. Back under 10k.
I have to say the Greek islands are lovely.
1999.
Post 11955174 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
There is the small matter of the fact the price stubbornly isn't collapsing to $150, but hey ho.
Having reviewed the post you linked you didn't even predict $315.
Gold will never go below its 1980's high of ~$800 and you are going to have be very lucky indeed to pick up any bitcoins at 150
2000.
Post 11961389 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
Well good morning Bitcoinland.
Still over $280 I see. I think we can safely say we've left the $260s behind.
I won't declare the battle for $280 won until we hit $300 again.
It'd be nice to put that silly Wile E ledge GIF to rest though.
No sign of our lamented troll, fortunately.
Nice blip up in the price. It seems to be increasing with my tan.
2001.
Post 11961698 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
One thing I have noticed is that during the bear market any period of stable prices was followed by an aggressive sell off. The reverse seems to be occurring since we broke the log downtrend line definitively.
We will need to send out a search party for tarmi, tzupy, NHJT etc if they don't check in soon.
2002.
Post 11966705 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.21h):
I genuinely think all critique against aztec will be silenced if you just take a look at the books he has written. Take a real hard look.
I did once. Unusual stuff!!
2003.
Post 11968277 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Everyone just waiting for the inevitable big buy which triggers an avalanche of leveraged longs after 300.
If we retake 300 and put in a higher high then even I will probably take a large leveraged position
2004.
Post 11972776 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
If history is our guide, in this sideways market we should wait for a big dump in the daily chart which is reversed instantly. Then we will be off to the horses.
Could take months to happen.
History rarely repeats, but rhymes instead.
2005.
Post 11974968 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Speaking of minnows I have an idea I would like to moot with some of the regulars on here. I will collect my thoughts and PM some of you in the next few days.
Nice to see us inching closer for an attack on 300. Bears must be nervous
2006.
Post 11975437 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
The bears arent nervous, theyre gone. The bear market is over.
Tarmi was online today but hasn't posted since July 8th.
You can tell things are different now. The price is within a few dollars of a critical juncture and this place is dead. Truly this is the end of a bear market, sheer boredom whilst the price slowly rises.
2007.
Post 11975494 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
The bears arent nervous, theyre gone. The bear market is over.
Tarmi was online today but hasn't posted since July 8th.
You can tell things are different now. The price is within a few dollars of a critical juncture and this place is dead. Truly this is the end of a bear market, sheer boredom whilst the price slowly rises.
do you mean: sheer boredom whilst the bear trolls are gradually replaced by the bull train and moon trolls, while the price increases
I mean sheer boredom because anyone that was going to sell dumped at 160 or 220 or at any point higher in the last 18 months. The only people left are those that are still buying or are waiting to buy in. Even the short interest has waned to below 10k. None of that means we move higher of course. Should we break up towards 400 then you may well be right
2008.
Post 11975605 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Speaking of minnows I have an idea I would like to moot with some of the regulars on here. I will collect my thoughts and PM some of you in the next few days.
Nice to see us inching closer for an attack on 300. Bears must be nervous
You do realize that bears can be temporarily leveraged long too? The difference is that bears shall take their profits at the next top, without waiting for a delusional moon.
It is more the effect on the trading accounts of leveraged shorting a rise from 219 to 215, or more recently from 273 to 295 that might be more relevent to the complete absence of a vocal number of previous posters of a furry disposition. Some will have timed it right but it's much harder when you cannot rely on the confirmation bias of being with trend. Everyone is a genius in a bull market, right? And every bear is a genius in a bear market - until the trend changes.
2009.
Post 11977647 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
"Nobody buys the triple digit lie anymore" - Blitz Oct 2013.
What you want to say ?
down!!!!
And this is how FOMO starts..
2010.
Post 11986527 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
But we will be back to 230 by Friday.
I see the bears are shorting again here at 300. It is basically a last stand for them.
Any appreciable buying now will eviscerate the remaining 10,666 shorts on finex.
Place your bets!
2011.
Post 11986619 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
But we will be back to 230 by Friday.
I see the bears are shorting again here at 300. It is basically a last stand for them.
Any appreciable buying now will eviscerate the remaining 10,666 shorts on finex.
Place your bets!
If the bears don't understand or care to learn about the context of the market compared to its prior actions--that is, how the last six months has been coiling the spring of this rally--they deserve to lose money.
I do wonder if they believe the crap they spew.
2012.
Post 11986676 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
But we will be back to 230 by Friday.
I see the bears are shorting again here at 300. It is basically a last stand for them.
Any appreciable buying now will eviscerate the remaining 10,666 shorts on finex.
Place your bets!
If the bears don't understand or care to learn about the context of the market compared to its prior actions--that is, how the last six months has been coiling the spring of this rally--they deserve to lose money.
I do wonder if they believe the crap they spew.
I only believe you, inca..
|
V
Barring disaster I believe bitcoin will go on for many years into the future and succeed. The very nature of bitcoin, it's scarcity, hype cycles and adoption waves means that it will be volatile way into the future. Previously that has been upward volatility and I see no reason for that to stop being the case yet.
I would be extremely surprised if bitcoin doesn't moon at least once in the next two years.
2013.
Post 11986805 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
I think I worked out the bear game plan:
1. Short at 298 on finex - the price is going to double digits, right?
2. Price continues to rise
3.
4. Profit!
Give up guys.
2014.
Post 11986901 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Why does everybody here become Nerdchills just because the Bitcoin price changed today +1.6% ?
Euro/Usd rallied today as well by 1.35%.. But in Forex you have the opportunity to trade with up to 200x leverage... Which makes a 1% move 200% gains...
The sad thing is you can't really trade Bitcoin with 20x leverage because the liquidity is so shity.
You were here this morning educating us on how Bitcoin cannot move up. Now you wonder why it's going up.
Good luck with those CFDs and 200x leverage.
lol I wouldn't call a 1.6% going really up at Bitcoin....
I hate to break it to you but you aren't fooling anyone on here with your forex l33t trading chat. Most of the bulls on here have been round the block a few times.
2015.
Post 11990755 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
BTC-e is still more than $10 below other USD markets. Any reasons for this? I doubt the fatfinger/flash crash has to do with it anymore as that was a while ago. Ideas?
I have been wondering about this too. Assuming they have a large portion east european customers (which may or not be the case): Bitcoin price is depressed, which is the same as the dollar price is pressed upwards (assuming we trade in the bitcoin/dollar pair), so: Some people use bitcoin to move dollars into east europe?
I can understand the attraction of using btc-e for I'll gotten gains and washing money.
But why with a history of flash crashes through manipulative selling anyone would trade there is beyond me. Not rolling back trades in that scenario sends the wrong signals.
A wider point is that DDOS attacks should also be made ineffectual by preventing those short selling during such attacks from profiteering by simply rolling back trades. Removing the ability to profit tends to remove such clandestine market operations.
2016.
Post 11995220 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Pre-pump? WTF is a pre-pump
?
it's when trains and rockets gifs are flooded on the thread
Here is hoping! CCMF!
2017.
Post 11995570 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Where can i find finex orderbook?
bfxdata.com is also useful for seeing how the leverage is building up on long and short side..
2018.
Post 11997332 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
I am glad it is settling at $300. I am not bothered if we are back at $280 next week. We need a stable bitcoin. A slow and steady climb at $5 per week will be better than $50 in a month.
Took a few days off and its nice to see it aggressively near the $300 line and holding.
Spoke too soon..mini sell off. Low volume panic sell by the looks of things.
Let's see if we hold 290. If it does then 300 should fall next time.
2019.
Post 12004543 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
290 not holding anymore, be ready for the dump, cut your looooses while you can
The book talking from you and galix is transparent. At least dress it up with some wall observation or something.
2020.
Post 12007151 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
aaaand here comes 250
Keep dreaming mayer
2021.
Post 12007210 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
aaaand here comes 250
Keep dreaming mayer
Keep hodling and catch the falling knife Inca
Price up 25% and you are jumping up and down about a 4 dollar drop?
2022.
Post 12007321 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
700 coin ask wall sat on 286. Someone trying to keep the price down.
2023.
Post 12009961 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
We're going down. Target $260 imo.
perma bulls don't care what you think!
2014 was just a big Bullflag! Bitcoin will always go up!
kk?
Place your bets. Bulls still standing. Bears rekt' in last 8/52.
2024.
Post 12010313 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
We're going down. Target $260 imo.
260? No, but 275-280$ - yes
Funny how the guys who sold are saying the price is dropping. Meanwhile the price is down a whole 2-3 dollars today and flat.
Shorts up to 11,500. Excellent. A bit more fuel for the permabull party.
2025.
Post 12011279 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
We're going down. Target $260 imo.
260? No, but 275-280$ - yes
Funny how the guys who sold are saying the price is dropping. Meanwhile the price is down a whole 2-3 dollars today and flat.
Shorts up to 11,500. Excellent. A bit more fuel for the permabull party.
Who said I've sold? Its speculation based on my own TA and alaysis.
To back your idea that this is the bottom of this dip come up with something better than shorts at 11.5k.
Shorts are near their lowest levels since dec 14 whereas 30 mill+ of longs is all time high area!
Price movement doesn't happen all in one second. $3 a day for the next week puts us down to around where I have bids and will go long again.
True there is a lot of long leverage in the system. But that is a consistent feature of bitcoin and doesn't necessarily mean we are at extremes. I suspect a lot of the long position on finex is actually held in bitcoin.
2026.
Post 12012167 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
bfxdata.com
Haha. Pull the other one.
2027.
Post 12012326 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
bfxdata.com
Haha. Pull the other one.
there is a whole list... just to mention some.
slow confirmations
blocksize
energy consumption
outdated blockchain tech
banks dont give a damn
bad reputation
usage is down
regulatory issues on exchanges
scams everywhere
blockchain is the future, but Bitcoin itself has no intrinsic value and its price is purely based on speculation.
Blah blah. You've been on the wrong side of the market since January..
2028.
Post 12012376 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
bfxdata.com
Haha. Pull the other one.
there is a whole list... just to mention some.
slow confirmations
blocksize
energy consumption
outdated blockchain tech
banks dont give a damn
bad reputation
usage is down
regulatory issues on exchanges
scams everywhere
blockchain is the future, but Bitcoin itself has no intrinsic value and its price is purely based on speculation.
Blah blah. You've been on the wrong side of the market since January..
loo, It appears you are on the wrong side of the market since you joined this forum 😂
I literally popped into existence when i joined this forum. You too, right?
2029.
Post 12015163 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, ...
except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times
you know how expensive a bitcoin TX is without the subsidized Blockreward would be?
The ~50$ a current transaction costs makes the traditional system look cheap as fuck...
Somebody has to pay all the THs of mining power burning all the electricity 24/7...
Well, if community would want the price to go up no market maker would be strong enough to push the price down... Everyone (existing bitcoiners) should simply buy one more bitcoin and hold it for a month or two.
my opinion is that the demand is too low for a strong upward trend at the moment. but the situation maybe change after the halfing next year.
I think that demand is big enough... Fact is that someone with lots of coins is shitting around for a year now. Also community has changed big time and bitcoin use to grow on it.
Halving sure will bring the spike! Many are already buying coins just because of that, after all it is less than a year until halving
Not really... A real demand is almost not existing. It's purely driven by speculation ...
The block reward is falling exponentially.
Speculation has been working for 6 years. It seems to have worked for gold for 5000 years.
Your points aren't really valid to use for short term price prediction.
2030.
Post 12016758 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
We're down 3 USD today, what is all the panic about? For real world terms 3 USD will buy you a coffee or a burger.
That is literally the price loss over the last 12-24 hours, let's all calm down shall we & see how this plays out. It's not exactly time to start tying a noose & hang ourselves
A lot of newbies get really scared when they see a significant bitcoin crash, I have been through 2 big crashes and lost most of my investment before I doubled it again.. Bitcoin should be treated like a capital investment, it makes much more fun then. When you start seeing it more than that and becoming a little emotional about it, shit hits the fan.
The only people yelling 200 have sold or are short. They are gambling against the trend.
2031.
Post 12016863 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Seems legit..
2032.
Post 12017803 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Dutch bank ABN AMRO: "The financial world is going to flip upside-down."
LoL my own home bank in my country is making a -U- turn LoL.
''Blockchain technology is out there, tested, proven and operational. However, the context in which Blockchain operates is still quite immature. If we compare this moment to the early days of the Internet,
we are in the just before Netscape arrived moment''
Get youre position, buy youre coins now before it's to late!
https://www.abnamro.com/en/newsroom/blogs/the-next-big-thing.htmlBut but but..double digits!
2033.
Post 12019404 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Could be in for an interesting weekend in terms of price volatility. The price has been guided down on finex with a series of large sells and is currently shaking out the weak hands. Encouragingly still in a solid uptrend from 219. Pulling up the 1 week chart shows that a single positive green strong week changes the whole complexion of the technical picture making things look phenomenally bullish.
Longs at 29.5 million, shorts just shy of 11,500 on finex.
Let's see what happens.
ps. Gysur stop quoting the troll, you know better, thanks.
2034.
Post 12019668 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
but but... we all agreed it's different this time!!
better sell now, huh!?
Yep,
we're going to fall to 255-260$ (61.8 fib retracement) before next leg up to 340$.
According to you we were definitely retesting 160 when the price was 220.
2035.
Post 12019755 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
but but... we all agreed it's different this time!!
better sell now, huh!?
Yep,
we're going to fall to 255-260$ (61.8 fib retracement) before next leg up to 340$.
According to you we were definitely retesting 160 when the price was 220.
According to you the bottom was above 800.
In that moment it was..
I see the bear brigades are back! Replenished your pitiful trading accounts lads?
2036.
Post 12021867 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Karpeles arrested..
2037.
Post 12022844 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Someone needs to make a halving countdown thread..
2038.
Post 12023509 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Few 1k dumps to shake out the weak hands and tempt the small fry to short.
Weekend retest of low 270's as support..?
2039.
Post 12025041 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Right campers we are approaching crunch time. Will bitcoin hold the line or not. I suspect it will. Everyone selling now is doing so to the man with 10000 coins on the bidside orderbook right now.
Place your bets..
2040.
Post 12025128 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
I don't think nlc got the memo that 160 was the bottom. Poor sod.
2041.
Post 12025164 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
So Mark is basically the creator of the May/April 2013 bubble and the December 2013 bubble...
Lets see where the price of btc really bottoms out...
I suspect we are going to hear this a lot from bears on here in the coming days and weeks. This and the 'Japanese bankruptcy court to force liquidation of 200,000 coins!!!' and 'when is the next USMS auction' is really all the bears have now.
Bears need some pretty heroic selling to move the price down. It may come. But not from any of you lot.
2042.
Post 12025240 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
So Mark is basically the creator of the May/April 2013 bubble and the December 2013 bubble...
Lets see where the price of btc really bottoms out...
I suspect we are going to hear this a lot from bears on here in the coming days and weeks. This and the 'Japanese bankruptcy court to force liquidation of 200,000 coins!!!' and 'when is the next USMS auction' is really all the bears have now.
Bears need some pretty heroic selling to move the price down. It may come. But not from any of you lot.
well that's a lot more then the bulls "Pray to the Moon train" have...
Except:
After a long multi month bear market technically bitcoin has broken out of all bearish trendlines and put in a series of higher highs and higher lows..(with a yearly high 3 weeks ago)
Price has been supported at these levels by the market (200-300) without collapsing except on a single high volume reversal (following a hack) for over two years..
Halving approaching which will reduce new coin inflation by 50% and reduce exchange supply accordingly.
The onus is on bears to find a reason for the price to collapse. Bulls can support the price easily in this range and have done for years. The market is now comprised numerous exchanges, not a single point of failure. Soon supporting the price in this range will become twice as easy. I haven't even mentioned ETN's, potential ETF's and the 0.9 billion USD VC investment projected for this year.
Karpeles going to prison will probably be looked back upon as a bullish event where bitcoin leaves behind MtGox once and for all..
2043.
Post 12025275 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
So Mark is basically the creator of the May/April 2013 bubble and the December 2013 bubble...
Lets see where the price of btc really bottoms out...
I suspect we are going to hear this a lot from bears on here in the coming days and weeks. This and the 'Japanese bankruptcy court to force liquidation of 200,000 coins!!!' and 'when is the next USMS auction' is really all the bears have now.
Bears need some pretty heroic selling to move the price down. It may come. But not from any of you lot.
well that's a lot more then the bulls with their "Pray to the Moon train" tactic have...
I don't know how much the forum sentiment reflects the real market behavior. Often I think that I overestimate the influence of bullish delusion found here...
...but if take it as a serious indicator I would say that ~315 was the top before a new mayor low.
you've forgotten we've still broke the downtrend with a flatphase some weeks ago.
+1.
And failure of bears to break the price down out of the 270's is extremely bullish for the rest of the year. So sell away people (we know you already have)..
2044.
Post 12025358 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Bears need some pretty heroic selling to move the price down. It may come. But not from any of you lot.
You really need to get some distance from this persecution complex you have. Nobody is manipulating buys or sells. They are simply informed players reacting to the market with reference to the factors acting upon it.You see ( and pray) that the market will keep going up so that your little bag will make you rich. Everyone else sees it as an organic, complex market of shifts and swings charting the slow adoption of a new way of exchanging value.
Emboldened text: persecution complex = stop prattling nonsense. The market is blatantly manipulated, not that I have mentioned that in my last few posts so that is basically irrelevent.
It is common parlance to refer to those who benefit from the price rising and falling as bulls and bears. I am taking a guess that those with a bearish position have already sold short or simply sold their position. That is the reason why you have wormed back out the wood work, right?
edit: oh and the sig is for charity nlc..look it up in the dictionary (though i agree it is a bit annoying and i may not be able to carry on too long). Imagine what you could have done with those 6000 posts of shit your left on this forum in 2014.
2045.
Post 12025582 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
I'm always astonished about the bullish self confidence...
...but what is this ever lasting and repeating bullishness where market did not confirm any direction?
You are posting on a bitcoin enthusiast forum. Why are you surprised people are enthusiastic and confident about bitcoin? Serious question because you post here often enough to have grasped that by now.
Nearly a billion projected USD VC capital investment for 2015. The bitcoin community is still extremely small for those kind of valuations. Zoom out on the long term price chart.
Finally and most importantly (for me at least) this is my play money to do with as I wish. My shares are never going to do anything exciting except plod along or eventually crash when the central bank spigot is turned on. Property is just for living in or renting out. Bitcoin is exciting and for ideological reasons is attractive also.
2046.
Post 12025693 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
I'm always astonished about the bullish self confidence...
...like the price never did break out of the logarithmic downtrend before only to form a new logarithmic downtrend.
I don't even say that there's absolutely no chance for a new mayor bull market from here (what would be the contrarian side of mental deficiency)...
...but what is this ever lasting and repeating bullishness where market did not confirm any direction? The same happened within all mayor consolidations since the ath. Is this an effect of smoking too much crack?
I'm never amazed that you are consistently wrong...yet trading Bitcoin is fun and easy!
Yeah, I'm constantly wrong since ~800.
Well your recent performance hasn't.
2047.
Post 12025847 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
It is common parlance to refer to those who benefit from the price rising and falling as bulls and bears. I am taking a guess that those with a bearish position have already sold short or simply sold their position. That is the reason why you have wormed back out the wood work, right?
Informed players are bulls or bears
based on the position they have already taken - and they take this position based on where they speculate the market will go.
No intelligent person plays the market continuously as one or the other. Except people like you, and the other permabulltards who litter this thread, hating anyone who tries to take a more balanced view.
Yes, I have played my position, as I posted on Tuesday. But I only buy and sell - I don't take short positions, and I certainly don't leverage. But I also spend far more time adopting my business model to include bitcoin as a method of exchange. If everyone spent more time trying to live more with bitcoin, we could develop it much further, instead of just standing on the sidelines hoping to be rich.
Emboldened text: So when i said you have already taken your position and now are trumpeting improbable price collapses on here you are doing that to talk your book, right? Thought so. Funny that you disappeared as the price rose from 219 to 316
Oh and owning a commodity or share over the longer term because there is a long term bullish trend is not unintelligent. It just isn't
churning trading in and out of a position trying to catch every little up and downmove. Damn those lucky microsoft/apple/amazon/'name any stock with a long term bull market' investors! Most traders lose and lose very badly including most on this thread by trying to time the market.
Btw if you are going to accuse people on a bitcoin forum who are bullish about bitcoin as hating and then at least think about your post structure and move the word 'permabulltard' into a different sentence.
2048.
Post 12025867 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
I'm always astonished about the bullish self confidence...
...but what is this ever lasting and repeating bullishness where market did not confirm any direction?
You are posting on a bitcoin enthusiast forum. Why are you surprised people are enthusiastic and confident about bitcoin? Serious question because you post here often enough to have grasped that by now.
Nearly a billion projected USD VC capital investment for 2015. The bitcoin community is still extremely small for those kind of valuations. Zoom out on the long term price chart.
Finally and most importantly (for me at least) this is my play money to do with as I wish. My shares are never going to do anything exciting except plod along or eventually crash when the central bank spigot is turned on. Property is just for living in or renting out. Bitcoin is exciting and for ideological reasons is attractive also.
Okay. Lets try to talk a bit respectful:
You maybe dont believe, but Im also a bitcoin enthusiast. Being a bitcoin enthusiast does not mean that I cant keep my objectivity like falling in love with a woman - doing and thinking crazy shit and shouting out my love. Thats like a maniac-depression and has no place for me in investments.
I saw here a lot of people calling themself bulls and shouting out their own sentiment in a crazy manner on all mayor consildations since the ath. Afterwards the consolidation resulted bearish and a lot of these people disapeared from this forum but Im still here. And I will stay here if the price goes down to 50$ or if it goes up to 32,000$.
Im a long term bull, a real bitcoin bull - and no bitcoin-hipster. At the same time I try to trade the market without any delusion that my sentiment or my (bearish or bullish) mantras have any effect on the price. I try to take the swings and the direction how it comes...and if it goes down even harder...I dont care....I try to take my profit of this...and keep bullish in long term. 200, 150, 100, 50, 40...I dont care.
Thanks for that post.. I actually don't think we are too far apart. I will buy you a beer if we ever meet
2049.
Post 12026519 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Did I miss the bottom?
Edit: gotmilk i agree with your sentiments about the move down from 400, though i would say from the high 680s if you look at the bitfinex leverage levels.
2050.
Post 12027185 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
"You have reported 190 posts with 91% accuracy"
Take the hint..
" You have reported 137 posts with 86% accuracy".
You are doing better than me inca. In a few moments the mentally disordered can make a new account again. What was the point where it all went wrong in it's life?
Nice to see you ivanhoe. Just a reflex for me now.
2051.
Post 12027344 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
this emperor ain't got no clothes
Double negative? So he is wearing clothes, yay!
2052.
Post 12029713 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Generally just report your posts to the moderators for summary deletion.
2053.
Post 12029939 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Newbie jail would be great. But the Vapid One would probably commit suicide.
2054.
Post 12030064 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Right, off to do a laparotomy.
You keep muttering drivel to yourself.
2055.
Post 12030968 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Someone is in a hurry to sell on bitstamp...
People just selling to the Manipulator until he decides to move up again.
2056.
Post 12031026 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
C'mon, bears. That's all you got? If you've run out of coinz, try shroting. You're so close to busting thru that support. Five red candle days in a row and you can't even sink the price $25??
If the bear has turned bull then this is what happens. Too few sellers to break the price down. Profit taking gives way to speculative position building in expectation of further gains.
I think holding 270 is massively bullish if we can do it. A higher high then a higher low after breaking the log downtrend. Nice springboard to an autumnal run..
2057.
Post 12031354 (copy this link) (by inca) (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?
2058.
Post 12033249 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
We need to get back to 285 in order to put an end to this 5 day downtrend.
A single 5k market buy moves the price immediately back up to 300.
And all the new shorts in the decline have covered already.
2059.
Post 12033292 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
We need to get back to 285 in order to put an end to this 5 day downtrend.
A single 5k market buy moves the price immediately back up to 300.
And all the new shorts in the decline have covered already.
During this entire downtrend I've noticed traders are very unwilling to raise their bids and "slap the ask" as I like to say. That's why its just been a slow trickle down. Sellers are selling right into traders hands rather than traders gobbling up coins moving us higher with market orders.
We need someone or a couple people to aggressively buy in order to break this downtrend...like you said a 5k market order would def do it!
Patience. We are resetting all the momentum indicators.
2060.
Post 12033346 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
The same could be said of bears. The onus is upon them to break this uptrend by breaching 270. Everything else is just noise and a chance to accumulate before the trend does it's thing.
2061.
Post 12033486 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Here's what the technical picture looks like right now. Obviously we need to break to the upside from this 5 day downtrend soon or we may see lower prices still in the immediate near term.
Look at the volume on the decline and guess what happens next.
2062.
Post 12034934 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
No doubt the bears will be out in full force soon...they tried hard for the last few days but leverage short is a big mistake at this point imo !
Shorts on bitfinex at 9600. No one shorting the rallies anymore.
If we hold this technical level the next three months could be exciting.
EDIT: and the walls are gone, toehold back on 280 again..
2063.
Post 12040648 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Careful satoshifanclub..
2064.
Post 12040893 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Ok calling it..i think we go up soon.
2065.
Post 12052905 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Great FUD.
2066.
Post 12052987 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
How would people feel if it were true?
It would be near term bearish on the price.
2067.
Post 12072100 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Time for us to move up..
2068.
Post 12072602 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Just a feeling Fakhoury.
Since the downtrend was broken the market is behaving differently. We are basing here and each successive repulsion of 270 means another retest of 300 is more likely. We are still in a bullish upmove and a breakout from this latest triangle - if up - should definitively break 300. Whilst we remain in the triangle all moves are noise.
Furthermore, there is no build up of speculative shorting, despite extremely low borrowing rates for btc to be lent out and sold into the open market. The reason for this is that market participants do not want to risk leveraged selling into this market because no one believes the price will crash and those that did were wiped out with repeated price surges from 219 to 316. Also, even though the orderbook is a mirage of true supply and demand, it is supporting the price and is superficially incredibly bullish.
Remember the halving isn't far away. Ignore the trolls and keep your position.
2069.
Post 12072788 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
In a way it is a shame that most of the bears got caught short in this upswing. We have lost the balance of a bearish perspective and been left with just bulls and vapid trolling.
Bitcoin may be entering the 2012-like graveyard recovery, boring it's way to a bull market.
2070.
Post 12073826 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Are we going under?
Quick look at the price.. flat!
We have been 10-12k from 270 and 5-6k from 300 forever
2071.
Post 12076550 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Ignore the trolls who are desperate for the price to fall.
Unless we break 270 this is just noise.
'Wall of worry'
2072.
Post 12085789 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
6k market sell. Yawn.
At least there is movement. So clumsy unless it was a margin call on some long.
2073.
Post 12086800 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Big buys @Finex.
Big buys LOL.
What chart are you looking at.
Still no real bounce, probably go own further tbh.
$30mill of longs , everyone is leveraged long to fuck and now the market maker is laughing all the way to the bank as nobody has money left to buy this up. Just look how weak this bounce is.
I hope you do realize that what you see happening on the exchanges is just kids play to get what you want when buying over the counter.
So much this. And at some point in the future, maybe next year, maybe 5 years from now,
they will be done accumulating and the slingshot UP will take place. And there will be no stopping it.
You lot are really beyond hope. You can't be serious right ? Yeah course 'people' are dumping millions of $'s of coins accross all exchanges hoping to buy and accumalate cheaper.
Anyways.
It's just a matter of artificially massively exceeding supply over a short period in a market like this. If you market sell 6000 coins into the orderbook in 1 minute then the price moves down instantly. No surprise. Nothing bearish about it in real terms in the bitcoin ecosystem. Just someone decided to paint the chart down out of this triangle with massive volume on a quiet Saturday. Lemming momo traders on here will sell in fear and help to guide the price lower to the next level of support.
Back to accumulation mode.
2074.
Post 12086871 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.22h):
Big buys @Finex.
Big buys LOL.
What chart are you looking at.
Still no real bounce, probably go own further tbh.
$30mill of longs , everyone is leveraged long to fuck and now the market maker is laughing all the way to the bank as nobody has money left to buy this up. Just look how weak this bounce is.
I hope you do realize that what you see happening on the exchanges is just kids play to get what you want when buying over the counter.
So much this. And at some point in the future, maybe next year, maybe 5 years from now,
they will be done accumulating and the slingshot UP will take place. And there will be no stopping it.
You lot are really beyond hope. You can't be serious right ? Yeah course 'people' are dumping millions of $'s of coins accross all exchanges hoping to buy and accumalate cheaper.
Anyways.
It seems you are beyond hope with your failed signature campaign. All I'm seeing is small dumps followed by more dumps by idiots like you that think they can figure out the market, while in the meantime every coin mined goes straight into the pockets of investors. READ: INVESTORS, not some small shrimp like you, playing a hot shot on a stupid forum.
Pot kettle ehy hot shot, tell me more hot shot about how you know what goes on OTC.
Proof or gtfo. Just another guy who thinks he knows shit, oh the investors are manipulating us to buy cheaper coins. Yeah cause if that was happening there would be people manipulating the price upwards to get more money for their coins otc.
All I'm seeing is more hopium by a shit load of leveraged traders buying all the way down from willy bot antics.
Meanwhile I called this move a week or so ago and
have made bank again.In your own words..proof or gtfo!
2075.
Post 12090125 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.23h):
Down to 261 haha. Ridiculously thin orderbooks. Time to go cautiously long.
2076.
Post 12090193 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.23h):
Down to 261 haha. Ridiculously thin orderbooks. Time to go cautiously long.
Now wil you admit it was a good call
Who said there isn't ta for this ?
We're headed straight for weekly support levels after failing to break 300 AGAIN and breaking the intraday support which was at mid $270's
almost as clumsy manipulation today as interventions in the gold market used to be
2077.
Post 12091942 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.23h):
It's bizarre how there's no bounce at all. Hit like a sack of seed.
Because people are expecting 245-255$ as a bottom, but i would rather be concerned about 30.300.000$ of longs which havent decreased at all which means that we might see a cascade margin calls pretty soon if btc falls below 250$. Something really fishy is going on. Btw finex started this quick dump, not goxobi/okgox as they usually do it .
As already established half the long position wasn't liquidated at 160. We are still at 260.
Also the long position is likely to be be comprised of one or many early adopters / investors / miners stash of coins used as collateral. Whilst the position is very assymetric it always has been.
2078.
Post 12131557 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.23h):
One 5k market buy and we nearly hit 300.
I think we slowly lurch upwards.
2079.
Post 12133068 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.23h):
One 5k market buy and we nearly hit 300.
I think we slowly lurch upwards.
Drawn out dead cat imo. I don't see us going up without at the very least retesting the local bottom. Order books mean nothing as we well know.
The angle concerning ETH pump contributing to btc sell pressure is certainly plausible as its seen some insane volume for an alt and many early buyers are up 200% minimum.
Only need a few thousand of those to sell for fiat to really get the bear party started.
Dead cat? The only reason the price fell at all was because a single trader dumped 10k on finex.
2080.
Post 12143840 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.23h):
Market flat. Troll is a repetitive bore. Zzz.
2081.
Post 12155929 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.23h):
Single dump on finex again. Price recovered. Exciting fork drama. I will install XT next week.
Shorts now up to 14k. Nearly time for a surprise jump up to retest 300 again..
2082.
Post 12177305 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.23h):
there's FUD today, price has been going down for a month, its time to buy.
not sure what bitcoin Core will look like when all the infrastructure quickly upgrades to the lastest version of bitcoin which now fucking SCALES.
i disagree. with all this nerd fight going through the media i expect 1xx$
You are short, of course you do.
+8k new shorts today. Seems legit
2083.
Post 12178205 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.23h):
Been extremely busy over the last two weeks but we seem to have become awfully bearish over what is actually a non-event in actual economic terms for bitcoin.
If bitcoin evolves to be a bitcoin-xt chain then bitcoin will potentially scale as transaction demand rises in the coming months/years. If bitcoin remains derived from reference Core clients then nothing is likely to change until the blocksize limit is reached, at which stage the majority of hashing power will simply fork for purely economic reasons and choose to scale - bitcoin Core developers be damned.
The end result to the user is zero for at least another year. High drama of course for the speculators.
Remember the long term log downtrend is currently at ~225. So even in this fabricated existential crisis we are still 25 dollars above that even now.
If we turn upwards before 220 then this is still a bullish recovery in the intermediate term.
2084.
Post 12180865 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.23h):
Holy fuck, what a way to wake up!
Grumbles Grumbles stupid need for sleep !!
I've just thought exactly the same. I went to sleep with the price at 251. I've woken up to the price at 232. Fuck this, I'm going back to sleep. I can't believe this, I was so confident we'd never see sub 200 again. I absolutely retract that statement now.
Oh my.
Finex flash crash protection working fine as always :p
Sideways until the next engineered event I suppose. Back to accumulation mode..
2085.
Post 12230445 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.24h):
Completely different to SR crash which was a flash crash.
Told y'all in the $280's.
This shit is doomed with no end in sight. Prepare for sub $100, not even trolling.
Not too surprising the price is down a fair distance with China's stock market in freefall. Cash maybe king for a bit. Extremely glad I dumped my stocks last week.
Orderbooks paper thin in both directions. The finex action last week reeks of manipulation. Bitcoin needs US regulated exchanges with serious orderbook volume to prevent such crazy volatility.
Careful bulls!
2086.
Post 12230589 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.24h):
Bought another 3 coins for my cold storage (hopefully near the bottom). Thanks for the inspiration JP.
2087.
Post 12231036 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.24h):
Other than the spam attack average block size at around 0.4 MB. Absolutely no where near full blocks
If you look at the last 2 years you will see that
the daily average it has doubled in the last 12 months. Even if the growth is linear rather than exponential, if it continues at that pace it will be 0.60 MB/block by mid-2016.
On the other hand, the stress tests showed that the actual capacity of the network is only 0.75 MB/block. And since traffic is not uniform over the day and over the week, there will start to be recurrent "traffic jams" well before the traffic reaches capacity; maybe as soon as mid-2016.
Moreover, a "spam attack" now is very cheap because the attacker only needs to generate more than the average free capacity, that is 0.35 MB/block, to create a permanent traffic jam. By mid-2016, he will need only 0.15 MB/block.
The Blockstream devs know this, for sure. Why don't they care?
let alone blocks 18 times bigger than the current.
The blocks will not get 18 times bigger with BIP101. The will continue to be 0.40 MB now, and will continue to grow at the same pace as they would with 1 MB limit. The effect of BIP101 will start to be felt only sometime in the first half of 2016, when traffic will get to 0.55 MB/block close to the 0.75 MB capacity. With the 1 MB limit, there would start to be recurrent jams and long waits; whereas, with the 8 MB limit, the traffic will just continue growing beyond that value, at its natural rate, and maybe reach 1 MB/block in 2017.
Most of the space is spam and dust anyway so even if we had full blocks the correct fee would get your transaction through no problem.
That is true. If a minimum fee of (say) 0.001 BTC = 0.20 USD was imposed on each transaction, the traffic would probably drop by 80% or more, and the block size limit would not be a pressing issue for a couple of years, at least. But neither camp wants to see hat, for several reasons...
Yep it seems to be widely promulgated by 'small blockers' that increasing the max_blocksize will immediately lead to 8mb blocks and instant centralisation of bitcoin nodes.
Shorts up to 19,655 on finex now.
2088.
Post 12235095 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.24h):
Shorts up to 23k on finex.
2089.
Post 12242443 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.24h):
I see the price has inexplicably failed to collapse to double digits.
2090.
Post 12334269 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.25h):
Four chartbuddies in a row..
2091.
Post 12530141 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.26h):
Am I the only one who thinks this VW-case is friggin hilarious?
Ze Germans have been bashing the Greeks for nearly a decade for fingering the numbers, which consequently led to their economy imploding. This, according to ze Germans, is a sin that can never be forgiven.
And now it turns out that the symbol of German industrial might (VW) has been fingering their engine software to avoid taxes on emission and to get satisfy emission standards. If they have to pay back emission taxes AND fines for every single vehicle sold with these engines it can break VWs back.
In other words: Ze Germans (who historically have been such a beacon of morals and decency [pfffff]) can be thrown into depression because of their own lying cheating ways.
BTW: Congratulations to Greece for the reelection of Syriza! I know this isn't the reddest crowd, but it's heartening to see that the Greek people is standing strong and trying to change how things are done.
Well, what can I say. Life's a bitch indeed. As for our re-election of Syriza, I have my doubts about its future functionality within the EU. I'd like to see Yanis Varoufakis inside the current scheme, but as you all know, the EU "officials" chose to decapitate him in the most vicious way (capital controls) rendering the negotiation procedure useless. OTOH, I cannot judge Tsipras badly for his decision. The dilemma was crystal clear:
1. Bankrupt inside the EU
2. Bankrupt outside the EU
He just chose the "live to fight another day" option. The attempt of mr Varoufakis to introduce a secondary monetary system via the people's Unique Financial Number has been bombarded by the media and a "noble lawyer" has even attempted to classify him as a national traitor! This EU is a fucking mess. I really hope it dies a horrible death and let the people live their lives.
PS: A nice interview on BBC's famous @BBCQuestionTime:
https://www.youtube.com/watch?t=30&v=Ri2V3QkV_aE Watch why we should vote with our minds and not with our pockets.
Politicians and central bankers can keep things moving for longer than most can wait for change.
2092.
Post 12636290 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.27h):
Just my opinion, I think it is already at the top now and wouldn't continue to push upwards. I don't know, gut feeling tells me that this is the top.
The market is zzz.
2093.
Post 12697916 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.28h):
Slow climb continues..
40 weeks to the Halving..
2094.
Post 12704049 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.28h):
No one is selling. Are we going to se a full retrace to $310?
Bitfinex walls suddenly neutral. Not long until this bs stops being relevent.
2095.
Post 12709830 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.28h):
Orderbook thin. Price up.
Anything possible. Careful with leverage.
2096.
Post 12720114 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.28h):
Nothing changes. Thread full of book talkers. Are any of the old guard left apart from Oda?
2097.
Post 12725159 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.28h):
If everyone and their rich friends are using Bitcoin to preserve their monetary sovereignty why would they ever convert their money back to fiat?
Because Scrooge McDuck diving into a vault-full of gold is a cartoon and not real. People with wealth generally want to do things with it. Buy yachts, build Casinos, hookers and blow, all that. And that requires a currency that others transact in.
You cannot be serious....
So savings are not a thing anymore? I guess that's how serious the fiat economy has mindfucked everyone's brain...
I guess you are right if you think of bitcoins as dollars, which they are not but to entertain the idea:
The problem inflationary currency bestows upon capital allocators is insolvable. They are given money of no certain value (pretty much the only sure thing about the paper currency is that it is, literally, burning in your hands, it ticks away like a bomb, it blows in the wind like dust - all this while you're holding it) and have to do something with it. They always, always, always, absolutely always have more than is in fact needed.
http://trilema.com/2012/the-problem-of-too-much-money/#selection-163.0-163.438
Fortunately we all know this is actually not the case and seeing as Bitcoin is deflationary by nature one should be well advised to consider hoarding that shit as long as reasonably possible. Bitcoin isn't deflationary. And ZIRP / NIRP is what has killed savings and by extension has changed the rules of capitalism.
2098.
Post 12725180 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.28h):
I'm not going to go digging, but you recently were arguing in this thread that bitfury doesn't sell their coins, they're banking on the future, being positive on today's income sheet is secondary. They are using big venture capital money to basically buy huge amounts of coin without pushing the secondary market. This is absolutely forward looking, not investing in today's system that costs $7 or whatever per tx in inflation costs.
Your final statement should stand alone as it succinctly shows your complete misunderstanding of how, and why(!), this whole thing even works.
Hmm wait a minute. Who ever mentioned fiat profit?
Profit, in this case, is denominated in Bitcoin. Bitfury mines the Bitcoin blockchain simply because it is the most valuable coin. The value is not in the future but now. The fact that it fluctuates is irrelevant.
As for your last comment, what is it you don't agree with? Do you propose miners are origins of Bitcoin value? Or that we should set the rules of the protocol so as to maximize their profits regardless of the costs externalized to other participants?
I know you're quite enamored with bitcoin, I am too, but the real world (power companies, sellers/renters of real estate) tend to still be using that whole silly fiat thing. Haven't quite listed themselves on MPEx with the other titans of industry, as it were. The world isn't our own personal castle game... yet.
Miners incentives are the variable that counts. And it isn't gmaxwell in a cape that is keeping them in line and holding their arm back from slaughtering the golden goose. Why? Because satoshi designed the entire system so that their interests were sufficiently aligned with those that they service.
Yes, I agree he was very wise in retrospect to set the block size cap.
In fact I will suggest he did not even fully understand the importance and critical importance of this decision for the long term success of Bitcoin. Absent of a cap the incentives you refer to become completely skewed in favor of the miners at great cost for the security & decentralization of the network.
Don't get me wrong, we shall increase the block size eventually, "just not tonight, dear".
You send to be struggling with the reality that a temporary max_blocksize was introduced by Satoshi. Such limitation has never been part of the protocol or original design.
2099.
Post 12792056 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.29h):
Tarmi still shorting his way to great profits as the price rises from 220 to 295 I see.
2100.
Post 12805855 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.29h):
Tarmi, still successfully shorting @ 250, 260, 270, 280, 290 and now 300?
2101.
Post 12812877 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.29h):
Price still around 300.
Tarmi no doubt shorted at 307.
Troll boring the hell out of everyone.
http://bitco.in/forum for those who haven't left already
2102.
Post 12820724 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.29h):
The higher the price rises, the more profitable tarmi's great shorting trades can be!
2103.
Post 12823231 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.29h):
Shorts up to 21k
Someone is about to get hurt.
2104.
Post 12823287 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.29h):
Tarmi shorted at 320!
Love the fact the halving is still >30 weeks away
2105.
Post 12823827 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.29h):
Short swap rates have risen 10x higher today. Not that many coins to borrow it seems. Another surge upwards could cause a nice combination of fomo and shorts squeeze
2106.
Post 12829588 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.29h):
Hang in there guys.
If you held and added through the turbulence and volatility of the last two years then hang on just a bit longer. The halving is approaching and then we have ETF.
Think long term with your stash.
2107.
Post 12829830 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.29h):
Shorts are trapped.
3.9k coins to 360 on finex (excluding hidden walls)
The price has gone parabolic but this run may go further before a retest of 300. Retail shorters like tarmi are feeling the pain now.
2108.
Post 12830849 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.29h):
correction to 300$ imminent?
yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 -
as in low 200s as all those that rushed in rush right back out. Either it's moon or doom on here.
The price is 318 after a parabolic rise and a minor pullback. Could it go lower? Sure. But bitcoin is heavily shorted and the ask side is looking mighty thin everywhere. And of course retail is expecting the price to return back from whence it came. Short away!
2109.
Post 12831252 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
Back to normal rise? last hours looks like panic from both bulls and bears.
The only people panicking are those who are using leverage or haven't bought in yet
The rest of us are enjoying the show.
2110.
Post 12840675 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
Still hovering in the 320's. Book talking +++ from those who have already sold or are short.
2111.
Post 12841600 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
Hey tarmi, you ready to short for the win again?
2112.
Post 12841980 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
Hey tarmi, you ready to short for the win again?
Isn't that MMM thing a scam? No wonder if they 'paused' it indefinitely.
yes, but now they will also pause those crazy buying pumping bots in china. and guess what happens next.
Shorting from 260 for great profit!
2113.
Post 12842916 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
What crash? 100 dollar rise and we drop back less than 20 from recent parabolic high.
You guys make me laugh.
Gather a few more shorts up before you lose again. Being a contrarian is great until the market changes eh tarmi?
2114.
Post 12849764 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
It's entertaining watching the butthurt here.
It is almost like the fools on here have forgotten why bitcoin is such an innovation in the first place. If you deride and troll a subject for long enough then don't be angry when you totally lose perspective and a grasp of the bigger picture eventually.
The bear market cost bulls nothing if they didn't capitulate. Instead it afforded bulls a fantastic opportunity to increase holdings at very low prices compared to the previous bubble. Transaction charts look good. Technicals look good. Halving approaching.
Keep shorting bears and enjoy your potentially unlimited losses!
2115.
Post 12852712 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
Nice picture. Sadly the price is rising.
2116.
Post 12861450 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
Hope you all held and are now enjoying the gains.
Bears : ha!
2117.
Post 12861671 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
So 19k shorts (including tarmi's) are now all underwater..
2118.
Post 12862096 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
she: what are you doing honey?
me: just checkin the charts...
she: thatīs what you are
always doing!
me:
this time itīs different...
hahaha exactly the same over here
Also here hahaha.
Ditto
2119.
Post 12863105 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
People, serious question here, aren't you afraid that we will crash really badly after this insane move ?
Didn't we always say, slowly and steadily better than this circus !!
I'm really afraid !!
Relax. We're probably just getting started. New buyers havent bought in yet. No one except us wanted btc at 200. Everyone will want it at 400 as long as the price is rising..
2120.
Post 12867132 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
Thin orderbooks everywhere.
Shorts must be hanging on hoping to avoid margin call so they can get out on next pullback (18k). All longs in green now.
The voatility next few days will be immense. Will be see a 4xx handle on finex before we stop?
2121.
Post 12867404 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
2122.
Post 12868398 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.30h):
Consolidation above $380 would be incredible
If the price lingers above 380 then we are off to the races.
As always with bitcoin my only regret is not buying more when i had the chance
2123.
Post 12870814 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Where are the much promised double digit coins?
2124.
Post 12871145 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
500 buy on finex.
Up we go gentlemen! Troll begone.
2125.
Post 12871242 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
I bought 0.00000000 BTC when I first learned abot bitcoin -- in nov/2013, when the price was ~1200$. So, even though my investment was fairly modest, and (as you already know) I have been able to double my holdings every day since then, I am still quite disappointed by the loss of almost 70% of the money that I put into this coin.
Time is money and you've invested plenty. I hope you are getting good returns on the time you've invested here.
So much this. I can' think of anything in my life that I have invested as much time as Jorge has in btc with 0 financial gain.
What's it like being that shallow and greedy?
I don't know that I would call that shallow and greedy. He just does not see what Jorge is getting out of all this, and I think that may be true for most of us here.
Not 'seeing' how something that doesn't make money could be worthwhile to someone? The very definition of greedy and shallow.
Laudable words. Well they would be if they weren't written by you, a waste of breath who has vomited >10,000 embittered posts onto this forum throughout the bear market because they sold too soon during the last bull market. You are the very definition of a hypocrite, sir!
2126.
Post 12871295 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Gorbachev, tear down that wall! (the only thing keeping us below 400)
2127.
Post 12871359 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Get ready..
wall down..
shorts about to buuuuurn.
2128.
Post 12871378 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Hurrah!
2129.
Post 12871423 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
500 buys were closing shorts i think..
Still 15,000 to cover and buy back in on this surge upwards..
2130.
Post 12871898 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Exciting times. Support walls moved up to 400. Going to be difficult to sleep tonight.
2131.
Post 12871959 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
getting real close to a buyer's strike mentality and serious illiquidity .... dangerous territory for highly leveraged shorts and exchanges that harbour them with a limited good
Yes. Not great being locked in a short position you cannot close without the price jumping to 800 dollars
2132.
Post 12874293 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Healthy pullback.
Let the buying recommence!
2133.
Post 12875449 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
[]solex1
Yes. I think the Bitcoin ecosystem will move to a big-blocks version whether Core updates or not.
However, there would be a lot more price volatility and bad publicity the longer Core Dev continues with the "settlement layer" fantasy.
[/i]
Yeah we get it. We didn't reject it. We're "just not ready".
Seriously, take your meds.
'We'
And who exactly are you?
2134.
Post 12875768 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
404 : WHALE NOT FOUND
#IMO
some people sell his bitcoin and withdraw his dollar/Fiat because "the price" is very dangerous
In autumn 2014 the price rose to about 420 then crashed. That makes it a point of resistance because people still remember it. A parabolic rise can't continue indefinitely, it has to start heading downwards somewhere and points of resistance often herald the start of a down trend. It could go either way here.
So let me get this straight:
It can go up - or down
amazing.
also, it could go sideway - people always forget that one.
Well actually it only goes right
2135.
Post 12883724 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Go ahead, party... You think you've already won, but you haven't
Get back is gonna be sweet...
Pathetic. Hopefully no one listened to you in the last year.
Thankfully the price continues to march higher.
Any wagers on the eventual top? Thoughts on the impact of the USMS auction tomorrow?
2136.
Post 12884133 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Only minutes left until a triangle should break either way, my money is on down.
For a change..
2137.
Post 12884371 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
the dip hasn't even started yet.
I sold for 258, then rebought, then sold again. yes. but I didn't short till 305+. I don't want to be an inca one day. fast longs, and slow shorts. winning strategy for me.
The time to be a contrarian isn't in the face of a tidal wave of bullish buying, but at the end of a bear market when noone wants in. My only mistake was buying too few btc when we were at peak 'double digit coins'
2138.
Post 12884545 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Is the November of 2013 repeating itself?
Remember remember the 5th of Novemb
ar!
Great name for a bitcoin bar
2139.
Post 12884920 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
This feels A LOT like 2012 year's end / 2013 first months pre-bubble, climbing through $8, $10, $12, $26, those times we 'only' had about 200000btc in the ask side of GOX
But this time we have ummmm, let me see: 8500 in Finex, and about 6000 coins left in Stamp, should be extrapolate the order of magnitude of the next bubble?
Visible order book being the important point
Also don't forget the 9k shorts that need to be bought back with increasing urgency the higher the price rises.
Hopefully you are right though and this is a prelude to madness and mania.
off topic: by the way you aren't voktar the qw player are you?
2140.
Post 12884975 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.
And if you could buy them at $25...
Problem is, there are other people who would want to do the same thing so you have to bid higher than them. Which means the only useful bid is one slightly below the actual price, just enough to make a profit.
And then anyone who wants actual coins will know this so they will bid higher than you. However, there's not much point bidding much higher than market unless you want a lot of coins without slippage.
So in all likelihood, coins will go for close to market price to someone looking to accumulate.
Yeah, but if you could manipulate the price lower the night before the auction, not only would you have no slippage, but you could get a substantial discount. Buying slightly below an artificially low price covering your short and then you effectively get coins for free. Not counting of course the risk that your manipulation fails. But in that event, you know the price is artificially high, so you could take your newly purchased coins and leverage them 20:1 short AFTER the auction and make a mint.
It is mathematically impossible for the graph to go straight up. Parabolic rises end violently. I've been through enough of them to know.
Timing, timing, timing Billy. Unless you are imbued with luck or know the guy who drops the hammer to signal the top, the rest of us have no idea when these things start or finish. Just ask Masterluc..
2141.
Post 12885522 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Let's see weak hands before going to
600$ 800$ 1000$
Sell now and cry later.
There is a long way to go before the ATH.
And then a lot of SUCKERS (buy high) are going to sell to get out of BTC. And a lot of traders are going to sell (bought below 250$) part of their coins to lock-in profits.
Increase your fiat holding by a factor 5 and still hold more bitcoin than most suckers here, is really comforting. Poor beggars will always remain poor.
'Activity 98'
2142.
Post 12885546 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Let's see how the market holds up..
2143.
Post 12885621 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
China didnt even flinch.
You can almost see your individual sells on finex guys
2144.
Post 12885928 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
wtf are noobs doing in west exchanger? china are leading this rally and you all dumping, now get rekt and cry greedy bastards.
fomo @:)
2145.
Post 12885951 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
make or break time..
2146.
Post 12885953 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
love this
)
2147.
Post 12888758 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Disappointing how much it has dropped. Just remains to see how low it goes, if it bounces and if we continue upwards having dropped the weak hands.
2148.
Post 12888915 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
Right tempting to go long here..
2149.
Post 12889073 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.31h):
you are fools if you are buying now hoping for a bounce.
they will dump into you relentlessly.
The market seems to have done the opposite of what you suggest it will for quite some time..
2150.
Post 12897448 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
Low volume accumulation has begun again. Weak hands sell to manipulator. Then the price moves upwards until he wants to sell again. Rinse repeat until we moon.
The price could go straight up or straight down. Either way it will be fun
2151.
Post 12897515 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
I think the market is still bullish. The price has held 400, which after the extremely high volume (manufactured) selloff yesterday is impressive.
Market participants want this to bubble. Some more buying up to ~500 and we hit 700.
2152.
Post 12897544 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
Cue bullish price release of usms bids..
2153.
Post 12898023 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
fud fud fud fud
2154.
Post 12898548 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
if we're going to reach my 520 target for tomorrow afternoon ( in ~24hours) we need to rise at a rate of 8 cent per minute
What if we reach $520 by tomorrow, should we get free beers?
$250. and it is free bears.
460 and we are off to the races.
2155.
Post 12898956 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
And you know who is buying buying buying..
2156.
Post 12899121 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
You lot have it all worked out.. easy money. Just sell or short. Oh wait..you already have.
2157.
Post 12899222 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
1400 new shorts..minnows playing
2158.
Post 12899298 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
Huge profit? LOL
Pics or it didn't happen.
2159.
Post 12899467 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
I think we will see 300 today.
wut
any reference ?
ithink we will back to $500
im waiting to sell my bitcoin at $500 hope i can sell it
Auction winners will just dump the coins to take profit, they do this slowly in waves so that there is no panic and a crash... they want to get the profit gradually. They probably got the coins for below $250.
You are trying to hard my friend..
EDIT: The price is holding pretty well considering the volume of coins dumped so far..lots of potential fomo buying back in with just a tiny spurt upwards..but also lots more dumpage if we continue to slide..interdasting.
2160.
Post 12899524 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
And most longs did not even get a Margin Call yet. Shit will get out of control.
Well we know you can't sell
2161.
Post 12899672 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
I don't think this is going to drop
Would have happened by now.
2162.
Post 12899754 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
wake me up if we breach 369
2163.
Post 12899778 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
screwed up market
going long seems like a bad idea
going short seems like a bad idea
doing nothing seems like a bad idea
Long night for those leveraged
2164.
Post 12899819 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
Loved the YouTube video! Reminds me of the old "we are not just friends we are family" video that Al P loves...from the old Crave rally days!
Mr Pumperitis ...Goose...Al P ! S..... Anon ! Where you boys at I thought we was family!
Al is your IP address still blocked...? love Ya bro! tell Bobby D I'll do the limestone patio for a few beers or a nice bottle of whiskey!
Disclaimer:I'm all in till next weeks check...
Cheers!
Jack
Same boat here, It would be really nice if we could retrace back to low 300's in time for next paycheck...
Come on bears! Make it happen! If you can push it even lower I will buy even more next month!
They can't. Desperate to and just waiting to buy back in
2165.
Post 12899857 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
dumpers afraid of being bought. buyers afraid of being dumped on.
2166.
Post 12899914 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
levitation continues!
2167.
Post 12900027 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
no crash has occurred yet..
2168.
Post 12900105 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
virtually no asks..
2169.
Post 12900126 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
$130 here we come
very optimistic imo
i think we will test double digits in 2016
ever since we retook 330 bitcoin is back, the only question is where is the bounce.
2170.
Post 12900160 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
sad to say that but bitcoin is over
people are only interested to the blockchain but not bitcoin
we are all enjoying this..stop ruining it with book talking bs
2171.
Post 12900224 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
no real volume to this sell off..pretty unconvinced by it..wouldnt be surprised to wake up at 400.
nn
2172.
Post 12903151 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
Support seems to be protecting any further drops for now
The fact we haven't visited 320/30 is highly significant. At any point in the last two years before this the price would have plunged into the abyss.
Bull run on.
2173.
Post 12905466 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
as i already say, my 2 cents on the parabolic pump would be the fbi auction.
simple, and yes, these people have the means to manipulate whatthefuckever they want.
edit: just look at the chart, the pump is very well calibrated, almost perfection. only 'professionals' are the ones capable of such things.
If the FBI has the ability to manipulate the global price on our censorship-resistant network, then we really don't have a censorship-resistant network.
The price can be manipulated easily and at will with less than 20 million dollars. To suggest otherwise is silly.
Manipulation cannot stop the halving, nor a solid floor/groundswell of buy support.
2174.
Post 12905674 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
wtf i dont get why i get so much heat every time i suggest that improvements can be made and scalability can be overcome.
you trolls are paid by blockstream or something...
Suggesting that improvements can be made is one thing...
Pretending that you have it all figured out and that with a couple coding twist we can improve the load of the network by 250x is just inviting critique.
Given you are unwilling to listen to any arguments from anyone at all about increasing the blocksize that is a slightly hypocritical statement.
2175.
Post 12924168 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
You guys are seriously over leveraged if you think that was a significant sell off.
Hope it was worth waiting all day glued to the screen
2176.
Post 12924209 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
Shorts up to 11k and longs down to sub 20 million USD.
2177.
Post 12924242 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
Shorts up to 11k and longs down to sub 20 million USD.
Shorts up today only 450 BTC, actually makes me feel lonely...
Actually its up 1700 according to bfxdata..
2178.
Post 12924279 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
Go ahead, party... You think you've already won, but you haven't
Get back is gonna be sweet...
Pathetic. Hopefully no one listened to you in the last year.
Thankfully the price continues to march higher.
Any wagers on the eventual top? Thoughts on the impact of the USMS auction tomorrow?
You were bearish on bitcoin and the price tripled. Nuff said.
2179.
Post 12924382 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.32h):
This is the face of panic sellers sub 370$ right now
More interest in panic shorters who are still in their positions from the $380#s, for a not very strong move down, which has run out of steam already......another test of the $366 area, on even weaker volume, and then the shorters will start exiting their positions, which will result in a spike back up towards resitance zone at $385.
yes sir! maybe shorts should try lightening up or could turn on them come Monday AM...
Shorts do not have long memories it seems. They were annihilated just last week.
We just broke out through resistance at 320 after a two year bear market, the price then exuberantly shot up to 500 and has since fallen back. An emphatic trend reversal if ever there was one.
There will be bears who keep shorting this market and I wouldn't be at all surprised if the price keeps surprising them by stubbornly failing to collapse back to levels that were found only after a two year bear market.
2180.
Post 12926396 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.33h):
Longs down another half mil.
Great setup for a rally. Retail start shorting again..
2181.
Post 12949855 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.33h):
Selloff the last 24 hours seems very exaggerated. Check the volume on finex - huge compared to even to the run up. Shorts ticked up to 16k.
If the price fully retraces then that would be disappointing. If the price holds above 300 and the old peak 300-320 becomes support then that is insanely bullish and this would be a great place to accumulate more (or buy back in).
Still it is clear the market is controlled by a few whales not afraid to dump tens of thousands of coins to move the market so anything is possible.
2182.
Post 12951572 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.33h):
If we don't move up towards the relative safety of 320's/330's soon we may be retesting 2xx's
I do wonder if the sole reason Blythe Masters et al are now getting involved in bitcoin is to annihilate its value, whip up volatility and prevent any future 10x bubbles from getting out of control and drawing in the masses..One doesn't have to be too much of a conspiracy theorist to imagine of how the conversation and contract with a central bank would go..
2183.
Post 12973264 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.33h):
suddenly i had this bearish feeling come over me and i sold all my bitcoins.
see you all sub 300 suckers!
'suckers'
2184.
Post 12976778 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.34h):
Having trouble parsing what you wrote there... "You have to be exchange something of value to be able to get them"?
Phrased inelegantly, I admit but goods and services like any currency
As far as endless supply, you are, once again, confusing artificial scarcity & actual scarcity. Princess Diana
BTCeanie, like your Bit-coin, is given value by
artificial scarcity. Money is worth money without a random maximum number being imposed.
Please try to grasp this, because it's important.
Irrelevant. The point is that the supplier can issue more at little cost to themselves.
As far as "if you go to a different store, you can't spend them there"? I'm yet to go to a store that didn't accept
fiat money, but don't need to go any further than the closest bodega to find one that won't take BTC
Countries is the metaphor here. Tell me where I can go nearby to spend the crisp 10 pound note I have left over from recent travels.
It is the troll. Save your breath.
2185.
Post 12986148 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.34h):
Can't you guyz and galz just launch this mofo to 10k so I can buy a boat?
Is that really too much to ask for?
I sold during the last pump and while I could buy back in for less right now, I'm staying out of it.
The CEO of Coinbase made comments this month about how they plan to 'upgrade' their system in the second week of December, as they undermine the core developers and go against community sentiment about what Bitcoin is.
https://bitcoinmagazine.com/articles/coinbase-ceo-brian-armstrong-bip-is-the-best-proposal-we-ve-seen-so-far-1446584055This is a corporate move to take Bitcoin over and turn it into something appropriate for bankers (the XT fork WILL NEED more updates, while its blacklists will be updated too), who can then use it to dump their fiat into while other systems collapse and hyperinflation starts.
For this to work, they are counting on people like you, to be so happy with your profits and new boat that you won't care that Bitcoin has lost its integrity along the way.
I'll get behind Bitcoin again if the community proves itself smarter than this however.
Are you this guy?
I don't think you're being fair. Yes you are doing something by putting a little money into Bitcoin here and there. You are supporting Bitcoin because you want a better monetary system that isn't based on debt, and isn't confined by borders. When times are lean then it makes sense to stash something valuable away, until it becomes worth more. When the value appreciates again, Bitcoin holders can use their increased purchasing power to support businesses that embrace crypto, rather than cash out. That's what 'many around here' are waiting to do I'm sure.
After seeing your contribution to the devianttwo-thread I am tempted to leave Bitcoin altogether.
Edit: I see it's removed.
As I remember it was an unfortunate picture of a child and a poem about how adversity makes you stronger.I can sort of see why you're a bit paranoid, although I think your concerns are exaggerated. But I guess you're right, Gavin and Hearn do seem to think there's a market outside of the "Bitcoin Elite" who's currently peddling your kind of crap.
That was originally posted by nlc.
2186.
Post 12999303 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.34h):
That hash rate!
Apologies for my ignorance, but what does it mean when the hash rate increases and/or slows down?
-more and/or 'faster' gear came online
-next difficulty increase will be larger
-profitability of farms which didn't invest in more/newer gear goes down proportionately
-[insignificantly] higher BTC inflation rate.
TL;DR: nothing.
@galdur: Before US entered WW2, boatloads of Jews were denied entry. Because fuck them, with Jews, you lose.
Can you back off with the anti-semitism? Most here don't get the irony.
NLC is an immigrant himself. Has a thing about it..
2187.
Post 13027182 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.34h):
There is a whole lot of 'this user is currently ignored' in this thread..
Meanwhile bitcoin flat.
2188.
Post 13079216 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.35h):
I was planning to buy another 5 btc or so with this months paycheque. Obviously bitcoin will rise before I get the chance!
2189.
Post 13122683 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.35h):
I bought. Don't worry the crash can now resume.
2190.
Post 13169030 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.36h):
<click ignore>
2191.
Post 13186533 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.36h):
Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.
What happened?
More shit and shenanigans over on Reddit.
Come to the bitco.in/forum ..
There is even a wall observer thread
2192.
Post 13189038 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.36h):
it has a certain beauty to it...
fake pump its going to crash, bulltrap
Some people never learn.
2193.
Post 13196742 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.36h):
So, is the crash near?
even at 400 we are a long way up from where you jumped off the train..
2194.
Post 13196797 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.36h):
https://coin.dance/chartsBig picture gentlemen. Day trading is gambling.
2195.
Post 13197718 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.36h):
I was honestly surprised that the alleged identification of 'Satoshi' did not cause a significant price drop
Can you explain your thought process why it would?
The same mechanism as satoshi's early coins moving - the unfounded fear of a large market sell would push weak traders to immediately sell their coins.
2196.
Post 13199537 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.36h):
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.
Tell that to the buyers at $1100 Nov/13.
... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.
noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.
You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE!
you're still locked in a get-rich-quick mindset ... on linear scale $32 june/11 and $266 April/13 also looked F#$*& high prices! but on log scale are just blips on the great arc of bitcoin taking over networked global trade and commerce settlement ... it's all relative to time and price.
looking back down from $32,000 it will look like a bargain to get coinz at $1,100, but it might take a while. If you are here to whine about getting stopped out at $200, $300, $400 or whatever and complain about people killing themselves over digital bits because they didn't get rich fast enough don't expect any sympathy. After all it is only money, you can't take it with you when you die and if you're an unhappy whinging poor bastard you'll most likely also be an unhappy whinging rich bastard (even if you did get-rich-quick).
Who's complaining? i didn't buy bitcoin at $1k+, I'm talking about those who did. And yes, buying at the top at $1100 or $32 or $288 is really stupid, no matter how you want to justify it with long range charts.
Saying that, buying now isn't stupid at all, we aren't even 2x the avg price of the year. Knowing how stupid bitcoin buyers from the past pumps can be, this rise is nothing.
Be sure to let us all know when the next top is in..
2197.
Post 13207075 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.37h):
Hash rate is skyrocking
Intel started to mine bitcoins or what?
lectual individuals.
Hardly. The intellectual miners, chip manufacturers aside, started in 2009 and stopped somewhere in late 2014/early 2015 if not earlier.
Bitcoin mining has been a game for idiots since coming of ASICs.
The initial idea of PoW mining was to distribute control over the network, so that everyone could get their part with hardware that they already own. Things started to go downhill with GPU mining, but coming of ASICs turned this thing into a total mess. Control isn't shared anymore, but control is chased by a bunch greedy idiots, who waste resources to build machinery, that are solving problems that don't have to exist anyway.
And the solution is Piece Of Shit mining? That only works for shitcoins.
I've always observed trolls with curiosity.
Do you do anything but bitterly whine?
2198.
Post 13236089 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.37h):
Seriously, you guys are still counting BTC/CNY volume on Huobi and OKCoin? Get a clue.
Thinking is kinda what we do here now. Old-timer.
Calling me 'old timer' only adds to my point here. Nearly two years ago I left, when all of this Chinese bs was going on, and when I came back I expected was ample time for the Chinese to be completely capitulated and out of the market, and that that fake CNY volume would be completely debunked. In fact it is well known that the CNY volume is fake and it was even way back then. Coindesk doesn't even include those exchanges in it's calculation. USD and adoption are supposed to be running the show now, but here we still have jokers talking about how 'the imaginary chinese whale dumped his 80,000btc/cny on Huobi'.
Except that it's not USD and adoption running the show, if it were so then price would be sub 200$.
The largely fake Chinese volume, with apparently Huobi leading, is driving the price.
At what point do you realise that the market is right and it is
you that is wrong?
2199.
Post 13236528 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.37h):
Bid side looking a bit weak. I have to say the price looks like it wants to explode again..
2200.
Post 13237751 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.37h):
All those but the troll turned bull who were shorting got wiped out already.
2201.
Post 13238091 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.37h):
All those but the troll turned bull who were shorting got wiped out already.
I made a petition thread once to have NLC's permaban lifted. It got nuked. I don't care what any of you say (or what I may say in the future), the troll as you call him might be one of the sharpest tools in this shed.
Edit: he's still kind of a tool, tho.
Who...?
To da moon
No one minds someone they can ignore. When you cannot ignore them because they create hundreds of newbie usernames and start posting naked pictures of homeless people or making child porn references then enough is enough.
It was obvious the troll was a bull anyway. Like all the doomers on here.
2202.
Post 13257389 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.38h):
The only question is whether we retake 504 on this run or not.
If we do best the previous high then expect the media to start to wake up and everyone prepare for a clamour and cacophony about retest of the ATH.
Interesting times.
2203.
Post 13258506 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.38h):
If FOMO hasn't begun to kick in yet, just wait until we tip past 504 and the volume begins to surge..
2204.
Post 13266741 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.38h):
Now we find out if this is a bull market..place your bets
2205.
Post 13282496 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.38h):
I see this thread continues to degenerate..
2206.
Post 13292279 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.38h):
Newbie = welcome to ignore
2207.
Post 13358546 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.39h):
Merry Xmas traders.
Let's see where bitcoin goes over the next year.
2208.
Post 13360512 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.39h):
Cynical boxing day dump when no one is looking.
BTFD.
2209.
Post 13394643 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.39h):
Conspicuously missing from the Blockstream roadmap are any specifics such as:
At X time, the block size limit will be increased by Y amount
When X% of blocks are full, the limit will be raised by Y amount
At X difficulty level, X transaction fee level, X number of nodes, etc...
Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.
Fork off if that doesn't make you happy.
Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF
the community is not represented by loud mouths on twitter and reddit you chump
if you don't like Bitcoin as it is, YOU fork off.
Nobody likes Bitcoin as it is. That's why everyone is screaming for more and better developers.
Did you volunteer yet?
Who's going to lead development of your new coin. Peter R?
Well Bitcoin Unlimited already has approaching 2% of the network in only a few days. Not a bad start. Keep your head in the sand old chap.
2210.
Post 13394707 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.39h):
Just noise atm..
2211.
Post 13404227 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.39h):
^I personally think you are hysterical. That is because you do not understand.
2212.
Post 13453690 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.40h):
Shorts back over 16k. Long interest 23 million USD.
Looks like retail is shorting again but bitcoin refuses to collapse. More fuel for the next attempt on 500.
2213.
Post 13490308 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.40h):
Up up and away.
The next retest of 500 is going to be epic.
2214.
Post 13505326 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.40h):
theymos is right. If you want to comment the future of XT altcoin you should NOT do it on BTC threads. Open XT altcoin discussion and say whatever you want to say. Nobody will delete your threads.
Raising block size has nothing to do with XT. You can stop the propaganda lies now. There's no such thing as centralized Bitcoin development. Anyone is allowed to create any changes they want and have miners vote for it.
Hear hear.
What is happening now was always going to happen at some point.
A fundamental weakness of bitcoin is the reliance on a few human programmers responsible for maintaining the reference client software run by the majority of the network. If a small cabal of people believe they can dictate the direction of bitcoin then as they are finding out to their chagrin the market will sidestep around them.
Bitcoin development has never been so exciting - BU, XT, BTCD, bitpay Core variant and now bitcoin classic. This is what open source is all about. The market will decide and if the market doesn't like 1mb blocks, over complicated soft forks, a fee market and RBF then bitcoin will simply follow another reference client and fork away. I can see the value proposition of bitcoin massively rising if that happens (no doubt significant volatility during the run up to a fork!) as it proves that the project cannot be coopted or changed by a few men - no matter their motivations - or indeed the outcome, whether it be continuing with Core or another team(s) instead.
EDIT: becoin you sound utterly preposterous trying to label other implementations of bitcoin clients mentioned above 'alt coins'. Such dishonesty simply marks you out as an unreasonable thoughtless drone.
2215.
Post 13505668 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.40h):
Bitcoin development has never been so exciting - BU, XT, BTCD, bitpay Core variant and now bitcoin classic. This is what open source is all about.
Well, development is about developing new solutions to problems. Not about arguing whether a particular variable should be set at X or Y value.
If that's "development" then 1000 versions could spring up each one having their own proposal for that particular variable (max block size). How would that improve anything? That's not development.
In the end of the day the only people making work that will actually help bitcoin scale more => are core devs.
KISS. Appeal to authority doesn't work against the market.
2216.
Post 13572296 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.41h):
The volatility IMO is due entirely to the hard fork. A big player (likely miner) sold at 450 because they know what is coming.
Expect price volatility to be much higher for a bit whilst the market tries to understand the ascent of Classic over Core in the upcoming hard fork.
I think we get short term negative price action followed by a huge relief rally leading up towards the halving.
Be careful with leverage because I wouldnt put it past some rabid small-blocker-early-adopters to dump thousands of coins in a futile attempt to prevent miners switching to Classic (though that is now almost fait accompli).
'lel' to brg444, marcus of augustus and all those who thought they knew better than the market.
2217.
Post 13617081 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.41h):
There are like 40 Core contributors. Who's going to maintain this thing if we fork off?
You don't understand open source development.
2218.
Post 13620141 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.41h):
Why are we back above 400? Has the Toominista Rebellion really been defeated?
Appears to be china news or stock market getting slammed due to uncertainty and a small amount of capital flight... when consensus is reached or other competing implementations give up I expect a much higher bump.
Yep once we get consensus - either a fork higher or Core fold and increase the maximum blocksize to arrest complete loss of support from the entire ecosystem - the relief rally (conveniently timed as a pre-halving surge) could be epic.
2219.
Post 13623031 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.41h):
agree, that's it with classic.
I would take anything brg444 says with a pinch of salt as he completely lacks objectivity.
2220.
Post 13633498 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.41h):
Levitating just above 400.
Is this a bull market or not..
2221.
Post 13677148 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.42h):
Top of trading range and breaking out, or heading down again?
2222.
Post 13718296 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.42h):
Maybe Peter Todd isn't actually the vermin his online reputation would suggest.
2223.
Post 13797944 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.43h):
Up and down like a tart's knickers.
2224.
Post 13799809 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.43h):
<snip>
... let the DDOSing begin now that techignorati who use binaries because they can't build from source are wandering stupidly into the badlands. tally-ho
I am genuinely looking forward to seeing what response you, brg444, icebreaker, hdbuck et al. provide for our entertainment if the network actually forks to classic and no disaster occurs. All that brazen supercilious venom spewed over the last year with potentially nothing to show for haha.
2225.
Post 13866094 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.43h):
UPDATE: I now have a 80 coin short in. Want to make it 160? 320? keep pumping, cripplecoiners.
Wow... you are braver bear than me... I shorted 2 days ago, when 12h MACD divergence looked ready to cross into red,
and then had to close the short at a small loss, so now I'm waiting, it may crash this weekend or climb to 400$ and then crash.
Anyway IMO support at 300$ must be tested, even in a bullish scenario.
I love that even your bullish scenario includes a price crash of 21%. Nothing changes
2226.
Post 13866116 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.43h):
Looks like you got your purge Bitusher.
I'm getting posts deleted east, west, left and right.
Congratulations!!!
I don't recommend or advocate for censorship.
lel
btw... did you correct your orgasmic announcement of the "Call for Pre-Consensus Consensus Letter" where you were woefully confused about what BitmainWarranty is?
It's true, 3 more weeks of stalemate is exactly what was needed. Time enough to get a lawyer to say some scary words that mean Bitcoin can never hardfork again! Hurray!
They just ain't got no scruples.
brb, gotta go work on my github attributions lol
2227.
Post 13874991 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.44h):
Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.
It isn't hard to see a perfect storm for bitcoin during times of further turbulence in the major markets, where negative rates are being introduced in Western economies as central bankers start to lose control. Previously there has been a hunt for return and yield with QE and cheap money post 2008 being used by banks to bid up stock markets and levitate asset prices. ZIRP has turned everyone into a speculator with cash offering negative returns and the markets looking crash prone now bitcoin may start to look mighty attractive as an asset class in the coming months with it's unique monetary properties.
2228.
Post 13880480 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.44h):
400 held!!!!! That means I don't have to close my short...yet.
Actually watching a wall on the wall observer thread. Whoooda thunk it?
The catch is that the was was invisible. Heluva thing watching bulls batter it over and over without making a dent.
Apparently the market had the opposite reaction that I had to the miner letter. Optimists, I guess.
I don't think it means something until it means something.
It's not over yet. Gosh, we just broke over $400 for a few minutes, and you are calling the end of $400, already? Strange.
Maybe you are right, but it seems fairly likely that we will be going into the $400s, maybe approaching $420 within a few days. I would place it at decent odds, rather than attempting to call it for sure one way or another at this point.
I am not calling it. Just observing the action. Obviously I was very wrong putting in a short in the low $380s. or maybe just early. we'll see.
My problem with shorting a commodity like bitcoin is that the price has a nasty habit of very occasionally disappearing into the stratosphere. Of course the historic bitcoin trend is a long term bullish picture and thus the price could
never come back down again leaving you with potentially unlimited losses..
2229.
Post 13902006 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.44h):
Such timing on the Sybil attack topic!
/PseudoNode:0.11.2/ is here.
One of the first ones... gone now, was more interesting than the rest...
https://archive.is/JEav8James Hilliard is a fucking prick.
2230.
Post 13903615 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.44h):
How's that purge going?
Edit: (Not a collectivist purge at all, of course. A free and tree hugging, rainbow kissing anarchist purge.)
I have to admit I miss lurking around the gold thread. The forum is kind of a husk of what it was.
bitco.in/forum is healthy and going strong
2231.
Post 13916161 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.44h):
I can tell you this. I don't know about $400, but we're never gonna see $300 again.
dafuq?
What's changed?
Closed his massive short at a loss. :p
2232.
Post 13932648 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.44h):
What I find interesting is how far my views of the developers in the bitcoin community have warped since the beginning of this blocksize drama. Everyone can see the conflict of interest in the Core camp from a mile off. And verbose shills like Marcustus of Augustus / hdbuck / brg444 stand out like a sore thumb on here.
2233.
Post 13935950 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.44h):
Core hasn't accepted that yet. When and if they do, it's off to the races, but not before then. You need to understand their objection. What if we upgrade to 2MB forks and nothing bad happens? It means that we could upgrade to 4 or 8 or 20.
How can I put it mildly? This is way too ...ignorant... just stop this madness. Just because you bought some coins at 10$, doesn't mean you know what's best for bitcoin, technically speaking. Let those who understand these things make the right choices.
Your rationale is so simplistic that it's not even funny.
If you go from 1 to 2, it doesn't automatically mean you can go to 4-8-20 without consequences. This is truly idiotic to even contemplate.
The propagation data is vastly different for blocks of 2 / 4 / 8 / 20MB. In simple terms, it takes a few seconds for a 1MB block while it takes several MINUTES for a 20MB block - and if that block is crafted to fuck up CPU resources of others validating it, it could take half an hour or more to get both propagated + validated. By that time, an average of 3 new blocks will have been issued.
I am not sure why you are complaining about validation times for 20mb blocks when what is proposed is a rise to 2mb which is safe.
You seem to be under the gross misapprehension that those of us (the economic majority) who want bitcoin to scale on chain as far as is technically feasible also want to see it damaged in some way. The absolute reverse is true. We want bitcoin to succeed and are in the main heavily invested financially in that successful outcome. And those people with more than a tiny grasp of economics can see clearly that artificially capping the number of transactions which the bitcoin network can process whilst the userbase and transaction volume is relentlessly rising is a terrible, terrible idea.
Lobbying has been shown to be an extremely powerful way to control politics and lawmaking in the US. Bribery is another term for it. If i had a 75 million dollar slush fund I could probably make an excellent attempt to subvert bitcoin by paying a few key developers and suggesting gradual incremental limitations to bitcoin on chain to allow amazing non-existent payment layers to do the heavy lifting.
2234.
Post 13999502 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.45h):
guess what, the leaders of the free-shit army are govvy shills, no surprises there.
bitcoin takes away their free money fiat racket, of course they are here shilling to try and ruin something good people are creating to starve them out
When did you sell your account?
2235.
Post 14088987 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.46h):
Segwit is not going to alleviate the immediate capacity problem bitcoin is experiencing.
The market will find a solution. The alt coin market cap is rising rapidly as the wider community are beginning to appreciate that bitcoin is not going to be allowed to grow to accommodate more users and transactions in the future under current governance.
There is little time IMO before major holders decide to throw in the towel and move to other blockchains which could bring immense (downward) price volatility. As a long time bitcoin holder this is extremely disappointing as the money flowing into ETH and the other alts should be entering bitcoin.
Miners need to wake up and realise who is paying their electricity bills and vote for immediate capacity increases with Classic :/
2236.
Post 14094242 (copy this link) (by inca) (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.
I've got to admit there seems to be much less enthousiasm around btc right now...
Seems like something happened. The core fanboys probably did something that will affect btc for long. Just hoping it was the right decision.
When old timers are selling up and new money is flocking to other coins like eth and monero you know they haven't got a clue.
How many times does simple economics need explaining to supposedly intelligent programmers? Limiting network transactions now is the same as limiting the number of users in the future. Not a great way to scale the project for the next 5 years. Fools.
2237.
Post 14094299 (copy this link) (by inca) (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.
I've got to admit there seems to be much less enthousiasm around btc right now...
Seems like something happened. The core fanboys probably did something that will affect btc for long. Just hoping it was the right decision.
When old timers are selling up and new money is flocking to other coins like eth and monero you know they haven't got a clue.
How many times does simple economics need explaining to supposedly intelligent programmers? Limiting network transactions now is the same as limiting the number of users in the future. Not a great way to scale the project for the next 5 years. Fools.
Yeah I really don't see the point of this whole debate.
You limit number of txs? It means you limite the number of users!
It can't have any other consequence!
LN blah blah.
The reality is that everyone understands that bitcoin cannot infinitely scale with bigger blocks. But it can scale upwards enough to help the currency reach critical mass and
then additional payment layers make a lot of sense. Severely restricting the protocol now is idiotic, frankly.
2238.
Post 14104791 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.47h):
Anyone buying bitcoins at 400$+ 320$+ is irresponsibile and deserves to lose their money.
FTFY
For once you may be right
Be under absolutely no doubt that the only reason value is billowing out of bitcoin into other chains right now is that bitcoin is frozen and unable to scale because of deliberate inaction with the Core client programmers.
The value proposition for bitcoin is based upon existing and future investors/users believing in future growth for the currency. With a frozen network with a transaction cap (wtf) forced arbitrarily into creation there is no incentive for money to flow to bitcoin anymore.
The market always finds a solution and often not one that you would like. It has tried several times to oust Core with XT and now Classic. If the miners to not wake the fuck up then very soon the process of value transfer between the bitcoin and alternative blockchains will gather pace and become a tidal wave from which there will be no return.
EDIT: oh and don't waste your time with alex gorale. To still be supporting the absurd economic position held by the Core client even while bitcoin value evaporates tells you all you need to know about his intelligence and critical thinking.
2239.
Post 14105096 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.47h):
Dive, dive, dive!
2240.
Post 14137912 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.47h):
I may be being thick. But anyone know how to perform a market order (buy or sell) in poloniex? As in chew through the bids or asks sequentially with an immediate order.
2241.
Post 14145682 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.47h):
ETH has no limit on the amount of coins.
Enjoy your "investment".
QED
Well that's not a bad point in itself... But what's sure is that it's really different from BTC.
Am I the only one to understand that it was not meant to be used as a currency though?
Just because something is not limited in supply or meant to be a currency doesn't mean the price cannot accelerate to the upside far higher than is rational.
I held a smattering of ETH but dumped them at 5x my buy in price.
Bitcoin remains the nexus connecting all cryptocurrencies together. It has great challenges ahead of it, not scaling but simply governance and the sooner it can throw off the shackles of centralised development the ecosystem will be far better off IMO.
Predictions are a fools game. But if I had to guess I would predict we are basing for resolution of this giant flag just before the halving. As long as the core development team don't put a spanner in the works we could have a nicely timed higher high (>500) leading to a halving pump upwards. I suspect this will drag up alts such as eth and monero in a much awaited bubble reminiscent of 2013.
2242.
Post 14145736 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.47h):
WOW LOOK MONERO
Two whales clashing epicly... WOOOOOW, one get slauthered, I was looking at realtime... my god!
Just because something is not limited in supply or meant to be a currency doesn't mean the price cannot accelerate to the upside far higher than is rational. ...
My worldview!
Thanks for shattering it into a billion pieces and pissing on it, as I look on in horror and disbelief
2243.
Post 14147311 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.47h):
Come on piglets, you can do a little pump for me, I need to max my short before the crash...
You are back! Still shorting bitcoin eh?
2244.
Post 14168652 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.47h):
Core's vision make no sense
they want to make bitcoin full nodes be able to run by anyone
but they want the use of bitcoin to be limited to elite central bankers types
i dont get it.
They lack economic vision entirely. They preach about decentralisation, whilst openly trying to convert bitcoin from p2p cash to a settlement layer. Why would people continue to run nodes for an ultra expensive high value settlement network which processes very few transactions? There is no incentive to do so.
Plus economically why are new users going to be attracted to bitcoin with finite transaction capacity and rising transaction fees above alternative chains and payment networks? Bitcoin is amazing because it combines all the best properties of cash with gold. They want it to just be gold and there is a reason that is no longer used by the common man.
2245.
Post 14169298 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.47h):
JayJuanGee you're a small blocker?
That alone should settle the matter.
LOL
There is no such thing as spam if a transaction fee is paid - just transactions you don't like. I thought bitcoin was about censorship resistance?
2246.
Post 14169707 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.47h):
I doubt anyone is suggesting small blocks forever, but at the moment there doesn't seem to be sufficient evidence of an emergency need to take some kind of drastic measures to increase the blocksize limit on an emergency basis.. and in that regard, the impression and/or creation of an emergency seems to be largely fabricated with a bunch of loud and whiny voices.
I think it was something like a year ago when Hearn predicted that urgent action must be taken or Bitcoin would ...crash. Yes, he said crash. The rationale was something like "ohh nodes will fill their mempools and nodes will start crashing and ohhhh, we need bigger blocks".
For a programmer it's very suspect why he didn't simply write a patch and say "here guys, this will fix nodes from crashing through a parameter that sets mempool size"... Why promote a hard fork for 8-20mb increases (which would be 20-50 times the legit activity of the network) instead of simply patching the software with a mempool limit, as 0.12 does?
The whole crisis / urgency scenario was bullshit, as was the "problem=>reaction=>solution" - in terms of ...proposed "solution".
For some reason your answer entirely misses the fact that blocks are filling up. A cheap transaction flooding attack brought the network to it's knees just last week.
You are that dog cartoon saying 'everything is fine' as the house burns down around you.
2247.
Post 14169862 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.47h):
I doubt anyone is suggesting small blocks forever, but at the moment there doesn't seem to be sufficient evidence of an emergency need to take some kind of drastic measures to increase the blocksize limit on an emergency basis.. and in that regard, the impression and/or creation of an emergency seems to be largely fabricated with a bunch of loud and whiny voices.
I think it was something like a year ago when Hearn predicted that urgent action must be taken or Bitcoin would ...crash. Yes, he said crash. The rationale was something like "ohh nodes will fill their mempools and nodes will start crashing and ohhhh, we need bigger blocks".
For a programmer it's very suspect why he didn't simply write a patch and say "here guys, this will fix nodes from crashing through a parameter that sets mempool size"... Why promote a hard fork for 8-20mb increases (which would be 20-50 times the legit activity of the network) instead of simply patching the software with a mempool limit, as 0.12 does?
The whole crisis / urgency scenario was bullshit, as was the "problem=>reaction=>solution" - in terms of ...proposed "solution".
For some reason your answer entirely misses the fact that blocks are filling up. A cheap transaction flooding attack brought the network to it's knees just last week.
You are that dog cartoon saying 'everything is fine' as the house burns down around you.
"We can't have 1mbforevah"
"We want 1cent-txsforevah" (and if we get to 2 cents we say the network is down to its knees because we didn't pay the 2-3-5 cent fee)
Newsflash: The system is not based on the premise of 1 cent txs forevah.
Fees are dynamic, based on the load. You don't pay the fees => you get in line. And wait.
The network operates normally for those that follow proper tx pricing. If they don't, it's usually because their wallet makes wrong assumptions about fees. They should upgrade to core 0.12. But then they'd have to download 10gb txs and 60gb spam... ooops.
In a world where incoming transactions over 24 hours is less than blockspace that is fine - mild irritation to a few bitcoin users. Even as we are now with occasional surges of activity where transaction volumes fill the mempool leading to transaction delays it resolves soon enough as the backlog clears - with lots of complaints of a temporary nature.
The actual problem comes next if transactions continue to ramp up as they have progressively leading to a backlog which never clears. Then it doesn't matter what price your wallet chooses, it will not guarantee inclusion by a miner, as the next person putting a transaction in will out bid you (yay fee market!).
Being economically naive you would hurrah! at a working fee market. But actually by enforcing limited transactional scarcity with a blocksize cap what you actually do is break bitcoin for most people. Suddenly stuck transactions are widespread and sure you can still use bitcoin but fees will simply spiral upwards until they are ridiculous.
The best bit is that as the network becomes increasingly congested actually performing a flooding attack to completely disrupt the network becomes trivially cheap to employ.
2248.
Post 14170158 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.47h):
The actual problem comes next if transactions continue to ramp up as they have progressively leading to a backlog which never clears.
Personally, I'm not anxious for all that spam to be "cleared" by getting included in the blockchain.
It would be like having the street outside your house filled with trash and considering collecting them inside your house to "clean the street".
When the network is spammed, two things can happen, or both of them to some degree.
1) the blockchain will get bloated with spam
2) the mempool will get bloated with spam
Then it doesn't matter what price your wallet chooses, it will not guarantee inclusion by a miner, as the next person putting a transaction in will out bid you (yay fee market!).
This is only theoretical and provided all 1mb is legit use.
Practice shows that even at "extreme" load, fees don't rise above 5-6 cents.
The answer is simple: Legit txs are way below 1mb and the rest is topped off with spam. So there is no reason for fee competition at the top, as legit txs always outbid the spammers (provided their software is not crap).
What you say would happen, if indeed there was sufficient legit demand to cover the 1mb (which, unfortunately, there isn't). The time when this will be so is coming but by the time legit activity hits 1mb in a year or so, or later, we'll be at 1.7mb or more, so, again, it won't matter.
Being economically naive you would hurrah! at a working fee market. But actually by enforcing limited transactional scarcity with a blocksize cap what you actually do is break bitcoin for most people. Suddenly stuck transactions are widespread and sure you can still use bitcoin but fees will simply spiral upwards until they are ridiculous.
This is FUD (explained above why it has never worked that way).
The best bit is that as the network becomes increasingly congested actually performing a flooding attack to completely disrupt the network becomes trivially cheap to employ.
The network will still process the best paying 250.000 txs per day, undisrupted, no matter how much one floods/spams it.
Why do I feel you are deliberately choosing not to see the other POV? Let's forget for a minute that you seem to have the ability to tell apart a user transaction from a spam transaction and suggest that actually the daily demand for transactions rises above 250,000 consistently. Tell me how exactly users who are unable to get a transaction confirmed (they just sit there ad infinitum) are not 'disrupted'?
Since when did failure of transactions to be written to the chain become a feature? It is a sign of failure.
2249.
Post 14189405 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.48h):
Soon enough it'll be just the two of us, Lambie. Then just you.
No, I assure you that if bitcoin will enter a new and deep bear market, I'll be here and rave about my shorts...
You may finally make some money if the governance at the heart of bitcoin isn't freed from human control.
2250.
Post 14189407 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.48h):
i think bitcoin will increase soon again
iam gonne buy some more to hold
Place your bets!
2251.
Post 14230210 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.48h):
Come on bitcoin. Do something.
2252.
Post 14257431 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.48h):
Is this thread still going?
2253.
Post 14262905 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.48h):
The wind has left this thread's sails. The action is spreading far and wide. Or going into hibernation.
This site is dying. Censorship tends to do that.
2254.
Post 14293759 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.48h):
Good morning Bitcoinland. $415ish?
No wonder this thread has become the Fork Observer. There's no Bitcoin price movement to track or discuss.
Ho freaking hum.
That is one reason.
2255.
Post 14293769 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.48h):
Good morning Bitcoinland.
Still no change?
Soon it will roar up or fizzle out. That wedge is going to be legendary when it finally breaks
2256.
Post 14346825 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.48h):
... you forgot the sad ether-pumpers who crawl out when it goes down too.
Because seeing the price rise from a single large order somehow confirms your point of view on the matter.
Hopefully we break upwards out of this enormous flag.
2257.
Post 14358149 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.48h):
A whole lot of 'this user is currently ignored' trolling up this thread..
2258.
Post 14368626 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.48h):
Finex lending rates looking interesting.. 0.09% for shorters. 16K contracts borrowed. Volatility cometh.
edit: i'm legendary!
2259.
Post 14531370 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.49h):
And anytime BillyJoeAllen posts about a supposed "block size armageddon", all you need to do is post this as reply:
It doesn't matter what % of blocks are full you stupid fucks. All that matters is what the average transaction fee is. Since there is no minimum transaction fee, the blocks are basically designed to be full at all times eventually even if you set it to 100MB blocks. Segwit + hard fork in 2017 = 3.2MB blocks. Then schnorr multisig on top of that should lower transaction sizes and increase TPS further.
IQ's dropped sharply round here it seems. Anyone suggesting blocks being full is not a problem and those raising it are 'stupid fucks' is being naive in the extreme. Focusing on the transaction fee is absolutely irrelevant. If my transaction won't confirm because transaction fees have risen by 2c from my last transaction - due to full blocks and rising network demand - stating the transaction fee average is low isn't much use to me because bitcoin isn't working as a payment system.
For bitcoin to succeed as a base payment ledger for the internet it needs to be functional and work for end users. You know, the guys who actually give it value. There is a lot of melodrama in this debate. But the minute bitcoin becomes persistently unreliable as a payment network with no realistic proposition of resolution and alternative chains or payment media which do not suffer the same problems, then it's market cap will take a dive of epic proportions.
2260.
Post 14541211 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.49h):
The price is flatlining at 425 in this huge flag. Meanwhile the typically popular fora are deathly quiet echo chambers. Where is the new money to drive the next bubble?
2261.
Post 14545324 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.49h):
Shorts ticking up. Now 16500 on finex. Longs 26m.
50:50 on the direction
2262.
Post 14608256 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.49h):
13,822 BTC shorted on Finex.
When history doesn't repeat itself, these suckers are gonna be #rektforlife. And this just may be that time.
Logged in to post that. Shorting bitcoin is a really great idea every single time until..oh shit.
2263.
Post 14680766 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.49h):
Why you are an idiot if you don't own as many Bitcoins as you can fit in your pockets:
Let's break out the list:
1) Because it's literally a free money asymmetric trade, which is why the price is going up. The odds of losing are far lower than gaining.
2) There are only two monetary instruments on earth immune to cascading deflationary collapse of fractional reserve fiat from debts and loans going bad: Bitcoin and Metals.
3) If I buy gold, it has less utility than Bitcoin. Where can I spend gold? Nowhere. All I can do with gold is mail it back to the gold dealer for 90% or less of what I paid for it. Bitcoin utility is currently higher than gold for most people, yet the market cap is zilch. Expect a correction to occur with Bitcoin market cap increasing because this is a truely distorted market if the tiny market cap asset has more acceptance and utility than the huge market cap one.
4) Market cap is determined by market makers and market makers plan to raise the price. People don't build 100 million dollar mining facilities and then let the price be determined by sheer luck or fate.
5) Bitcoin moves in bubbles and there was an extremely long bear market accumulation period with observable hard floors. Whenever a long accumulation period occurs on an actual liquid asset, the price explodes afterwards. If you think Bitcoin is not going to see big moves, you are mistaken.
6) The inflation rate is going from 8% to 4%, so it's actually a real currency now instead of some hyperinflating bullshit.
7) Because fucking boats
Love it Roach.
You are right we will bubble at some point. My only concern is the leveraged longs are very high and we could still dip back again before the Halving. Long term it's boats.
2264.
Post 14682283 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.49h):
Actually it seems like it was all finex. Huobi barely moved.
edit: i think wisdom feed is broken actually..
2265.
Post 14682516 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.49h):
Look at the state of the posters mocking a 10 USD drop.
WUT you gonna do when we fly into the 700's after the halving?
Same thing I'll do when pigs start to fly: do more drugs if I find it amusing; less if I do not.
still wasting day after day on here, imagining you contribute in anyway I see
2266.
Post 14789945 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.50h):
Coiling for a big move again. Could it be up this time? If we breach 471 then FOMO buying should guide us up to retest 500, after which all bets are off. Or more disappointment.
Either way after the Halving that invisible reduction in supply should help to put a base under the price going forward.
2267.
Post 14793804 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.50h):
After ignoring all the troll clones there is a very interesting conversation going on here. Keep it up fella's!
2268.
Post 14799334 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.50h):
And just like that 3000CNY is behind us
Hold on there grasshopper. When we take 471 we can say that 3000 is behind us
2269.
Post 14806280 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.50h):
The 1D chart looks insanely bullish still.
My only and continuing concern is the 32 million dollars in longs. Though to be fair the majority opened up lower and are in profit.
A concerted move above 471 is going to be needed in the next week or two or this Halving will be a flop.
2270.
Post 14844334 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.50h):
Here is hoping you are correct, Adam. Since BTC and LTC are moving in lockstep and trading at odds with XMR/ETH etc.. it makes sense to buy a little LTC if you really believe bitcoin is about to rally hard.
After three and a half years of accumulation I have become patient.
2271.
Post 15024137 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.51h):
Wow... Bitcoin haters troll fest. What a bunch of losers panicking because of bitcoin appreciation?
Yep. You hit the nail on the head.
I don't feel terribly bad about tripling my btc position last year. I didn't feel terribly bad buying eth earlier this year either. Now I only pop into this thread on the off chance there is some interesting discussion and to ignore the latest clones from that idiot.
For those who perhaps believe this forum is the zenith of bitcoin speculation and discussion, I would highly recommend
http://bitco.in/forum which has an excellent signal to noise ratio and is a completely troll free zone.
2272.
Post 15076961 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.51h):
In reference to the $500 break, there is a mention of China in nearly every article. However, before that there wasn't.
It doesn't take Woodward and Bernstein to pull up Fiatleak.
Fiatleak is not useful for determining where bitcoin demand originates.
Let's see how far this rally has legs. Making it to 650 would be great.
2273.
Post 15182243 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.52h):
Is it me or are the troll clones gone? Simply holding seems to have been extremely profitable for me and I hope everyone else on this forum.
Predictions for how high this run will take us before the inevitable pre-Halving dump/correction?
2274.
Post 15189591 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.52h):
Boom.
2275.
Post 15190005 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.52h):
how many bitcoins do I need to become rich
how many do you guys have , don't be shy
That depends on the date.
2276.
Post 15196241 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.52h):
Invisible buy wall at 685 on finex.
Should be interesting to see if we pullback at all or hold for more moon after whoever is filling their boots is happy to go up again.
2277.
Post 15207901 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
Nice dumps!
I was hoping for something more myself. Charts looking awfully precipitous. Just down a bit lower and I can buy in again.
Agree lots and lots of 'this user is currently ignored'.
2278.
Post 15215544 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
Insane how?
2279.
Post 15226530 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
First noticed bitcoin on a zero hedge article in 2012. Set up my blockchain.info account in November 2012 after reading about bitcoin for an entire weekend. I couldn't figure out a way to buy any in the UK and i didn't trust the idea of escrow. By the time I pulled my finger out and started accumulating that way the price was 60 dollars instead of 10 or something and i missed out on a significant life changing payday :-)
C'est la vie! All the chaps who hung in there and used the bear market to accumulate should be pretty happy right now.
2280.
Post 15227521 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
In your subjective opinion... when does it get high? 25 cents, 50, $1 for one of the smallest transactions you can make?
Since most people in the speculation section are morons, let me explain it for you. Even if you raised the block size to 8MB, that would only allow Bitcoin to have market penetration as a checkbook type device for large value transactions in middle/upper middle class, first world nations of around $10,000 transactions and higher. There is absolutely no fucking room whatsoever on anything that uses a blockchain for microtransactions.
Even with 8MB blocks, fees would still be high and you'd only use it for huge transactions. The only people doing transactions on the blockchain will be rich people, or financial entities doing settlement transactions. Anyone not doing high value transactions will be pushed to off-chain solutions, or second tier networks of Bitcoin like Lightning Network where you can do all the cheap microtransactions you want.
You will never have microtransactions directly on chain. You will never have cheap transactions while using a blockchain either. They're only suitable for high value transactions.
Everyone here knows that raising the blocksize to 2, 4 or 8mb does not solve bitcoin's scaling problems. What it does provide is a can-kick and delay things to allow more mature and well thought out solutions to be implemented such as lightning.
This is about providing a network in this moment which can absorb current transaction demand and function to allow new users and increased transaction volume without suffering decreased network performance.
Most ardent big blockers would be happy with layer 2.0 solutions eventually. In fact they are a necessity over the longer term. But artificially constraining blockspace now risks a jettison of speculative value to other chains or from crypto entirely. And for what? To allow some developers to keep control of an open source software client?
2281.
Post 15257121 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
I don't think the DAO hack is actually good for us. I think it's actually somehow related to yesterday btc dump based on some accumulation indicators, and it could put an end to the recursive crypto hype machine where people suddenly thought crypto was going to replace the world's businesses by the end of the year.
None of that reduces or alters the value proposition implied by bitcoin as a store of value and payment system.
It does mean eth is a sell for a bit until the dust settles.
The market is fickle. One push into the 8xx range from the Chinese and ethereum and the DAO is forgotten.
2282.
Post 15264545 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
I am scaled back to 1/3: btc and 2/3 cash in my trading stash. Expect the price to moon as a consequence. Thank me later.
2283.
Post 15267831 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
Why is the bid side so empty on finex? 4000 coins to drop 70 dollars???
2284.
Post 15269071 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
Down we go again..?
2285.
Post 15270685 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
That went from enjoyable to irritating very quickly.
Where are the proper dumps. These 5% ones are chop.
2286.
Post 15275690 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
Just got home but I see that while I was away we hit yet another 2 year high.
In typical fashion "someone" felt the need to frantically dump it down to try to kill the rally. Seems to happen every time we reach a new high.
We saw it when we first broke $550, again at $590, then at $719, yesterday at $777, and today at $789.
Obviously "someone" doesn't want the price of bitcoin to soar and is willing to sacrifice fair amount of money to try to stop it from happening.
I'm not a conspiracy theorist but I'm not a conspiracy denier either. It's enough to have me considering the validity of the "J.T. Borgan" extinguisher rumors.
Whoever it is, they're spending a pretty penny to fight what appears to be a losing battle.
To be honest I think we should be thankful for that. What is the advantage of a quickly inflated bubble?
We are not being dumped back into the 500's either. It seems to me that these market makers at least attempt making this a more controlled growth (as far as that is possible in Bitcoin, the market cap is still way too small to not be highly volatile).
It would be highly surprising if we don't experience a bullish correction during this rally. I have the top at 789.78 on finex. We are hovering in the 750's.
I have bids at ~614 (50%) and ~572 (61.8%). They may not get hit which is fine. No one ever went bankrupt taking profit. Keeping a close eye in case i have to pile back in :-)
2287.
Post 15284685 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
Not long before bitcoin tries to push higher ..
2288.
Post 15291616 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
Hidden wall preventing a crash on finex at 739
He who panics first, panics best. Let's see if we bounce here or 789 was an intermediate top.
2289.
Post 15293764 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
Not yet. Looking promising though.
2290.
Post 15293799 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
This is nothing. Just a bullish correction.
(could someone tell OK coin to stop selling off thanks..)
2291.
Post 15295025 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
Bears not breaking through, bulls not pushing higher either.
Not so convinced this is over yet. We may go sideways from here, but we need a retest of the 6xx's (or a decent correction) before pushing a lot higher I would say.
2292.
Post 15295569 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
Very little chance of that happening on this run.
2293.
Post 15295945 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
I just think there are a lot of people who held through the last bubble and subsequent crash. They are 3 years older and are likely to take profit now and as we go higher.
The price has already run from 200 to 789 and we aren't even at the halving yet. The whole shebang so far is the market attempting to price in the halving phenomenon before it has actually exerted any effect on new coin emission.
I just don't think we go much higher without a decent shakeout. There is still nearly three weeks to the halving date - lots can happen in that time :-)
2294.
Post 15301305 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.53h):
I don't think we can call BFX dead quite yet. Too much damn money flowing into that place. Would have to be a hell of a coke habit to blow that.
They are probably closing everyone's positions before reopening. Brace yourself for the cries of indignation. Why can't I go long on trader outrage.
That might be the safest of the options, to close everyone's position (at least within a 5 to 10% range of the current price)
I don't think they did such a thing. Anyway, my short that I placed at 743$, but was executed at 727$, was left unchanged.
And now, back to sleep...
Missed my bid at 674 by 1 dollar :/
Oh well. I was sort of expecting to see bitcoin at 400$ and all my bids hit and a huge amount of money lost.
2295.
Post 15306895 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.54h):
I just bought at $660. Let's see what happens next.
Yep bought back half my stash here having carried a few coins down (never go full fiat) from upper 700's. Stink bid to buy back the rest at 500.
2296.
Post 15307782 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.54h):
A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.
Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.
That remains to be seen. A strong bounce back up over 700 in the next 24 hours would secure the immediate trend.
Watching :-)
edit: bitfinex charts are bonkers
2297.
Post 15308081 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.54h):
A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.
Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.
Typically, the market builds a triangle that breaks up. But I believe that mini-rally will become a bit of a bull trap.
You always believe the price will fall or any rally is a bull trap. We are at $679 dollars, Tzupy. You were bearish at 200$ :-)
2298.
Post 15309033 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.54h):
Not much of a bounce here. Perhaps we do venture lower.
2299.
Post 15309375 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.54h):
We just dropped through that trendline. This may be about to get nasty.
2300.
Post 15310774 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.54h):
I wonder where the bottom is..
I managed quite spectacularly to disappear 10 btc earlier by selling at the exact bottom and buying in higher. Time to sit this out for bit.
2301.
Post 15311131 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.54h):
I wonder where the bottom is..
I managed quite spectacularly to disappear 10 btc earlier by selling at the exact bottom and buying in higher. Time to sit this out for bit.
Oh man, I know how you feel. Lost many btc in that head fake bear trap back in Nov. But then made up for it by rebuying around 450. I also just bought some more trying to catch this falling knife at 660. We'll see if it holds.
My goal has always been to
gain more btc over time, not reduce them. That bear trap back in Nov really taught me something: when in doubt, do nothing (aka just Hodl).
Yes. Amazing how easy it is to trade away those gains by churning your account or mistiming entry and exits. Oh well.
2302.
Post 15323523 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.54h):
I wonder how low this goes. Full retrace down to 450? or do we hold 4000 cny. Unfortunately cannot check the price too often so move my bids right down to the upper 4xx's though I don't really expect it to get anywhere near there.
Things are certainly a bit more bearish now.
2303.
Post 15360571 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.54h):
Yawn. Halving still some way off. Just noise.
2304.
Post 15369191 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.54h):
Yep expecting upwards volatility for a few weeks. Price could literally go anywhere.
2305.
Post 15613123 (copy this link) (by inca) (scraped on 2020-04-04_Sat_14.55h):
Longs pretty high at 41M on finex. Shorts extremely high at 23k. Market floating for a giant move. Toss a coin. Hope you are all hedged appropriately after the recent huge gains.
I personally think we have a few months for the market to get acclimatised to this new price point before we charge much higher. But hey this is bitcoin so it could be ATH next week.
EDIT: it is worth pointing out that the trolls talking down bitcoin on here are themselves long otherwise they would have left long ago..
2306.
Post 53161026 (copy this link) (by inca) (scraped on 2020-04-04_Sat_17.07h):
What comes first, Tesla Cybertruck or bitcoin next ATH?
