All posts made by dreamspark in Bitcointalk.org's Wall Observer thread



1. Post 3650235 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_11.26h):

Stamp seems to be back online. Lets see where this ends up!



2. Post 3650383 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_11.26h):

As soon as all the fiat thats been in limbo for the past week or so on its way to stamp gets there we're going to see a rise in price.



3. Post 3650488 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_11.26h):

Quote from: BitPirate on November 20, 2013, 11:54:32 AM

Send wires. Every chinese national is entitled to $50k / year conversion.

Good luck with that Europeans have been waiting on wires for a week.



4. Post 3650856 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_11.26h):

Quote from: rebuilder on November 20, 2013, 12:39:33 PM


I'd be more inclined to believe that if I hadn't received a SEPA transfer from Bitstamp this morning.

When did you send it?



5. Post 3652892 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_11.26h):

The SEPA's have finally arrived on Stamp. Expect a small surge at least.



6. Post 3737766 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_11.29h):

History in the making  Cheesy



7. Post 3750771 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_11.30h):

Huge buys piling into that stamp wall  Cheesy



8. Post 3750904 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_11.30h):

Wall Gone  Grin



9. Post 3751567 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_11.30h):

Quote from: philip2000uk on November 28, 2013, 12:31:33 PM
Wall Gone  Grin
I read Wall Gone as Well Done lol

Lol, well done to everyone who munched it up as well then  Wink



10. Post 5101740 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.07h):

LOL love to listen to people defend their electric cars as if they're saving money or the environment. You do realise the astronomical polution and ecological cost in producing the cars and shipping them over the world. Oh and where do you think the energy comes from to make electicity?! Also the surface temperature of the planet has been cooling over the last few years not warming and the ice feilds have been thicker and further north/south than before. Global warming is the world governments biggest con. There is no direct correlation between rising C02 emmisons and global warming. There used to be until about 17 years ago when the correlation stopped but even still the gorvernments of the world peddle the need to be green to you and TAX you for the privaledge.



11. Post 5102125 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.07h):

Someone at gox knows something we don't?



12. Post 5102321 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.07h):

Quote

https://en.wikipedia.org/wiki/Who_Killed_the_Electric_Car%3F - this is why we dont have electric cars Smiley

Ive seen it thanks but quoting a wikipedia article to a bias film that doesn't deal with the points that I'm making (which were mainly about green taxes and global warming).

Anyway, one must continue observing the wall....



13. Post 5102550 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.07h):

Quote from: stompix on February 12, 2014, 04:21:19 PM
Someone at gox knows something we don't?

Yeah , they know how many coins they have lost and how many usd they have thrown out of the window.

 Cheesy Cheesy



14. Post 5103192 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.07h):

Quote from: KeyserSoze on February 12, 2014, 04:40:17 PM
LOL love to listen to people defend their electric cars as if they're saving money or the environment.
Please show me where I claimed electric cars save the environment or money. Hint: I wouldn't bother wasting your time.

But since you brought it up, a quick Google search shows many more articles confirming that green cars are better for the environment. But I don't know since I haven't really looked into any science behind it. I'm sure since you seem to be a global warming denier (in other words you choose to ignore the facts inconvenient to your conspiracy-laden worldview) that you'd find just as many links supporting your argument at lunatic fringe sites.

The point, as with religion, is neither one of us has time to do detailed research so you choose either to live in a world of science or fantasy. When it comes to conspiracies we can't always know the machinations behind everything we do. It is fun to go down the rabbit hole and not as easy to climb back out. One either climbs back out or, to his detriment, gets mired in it.

But, you know, spend your life as you please. If that's as an angry, old, toothless, shut-in cooter sitting in a rocking chair facing the front door, with one hand on a stack of gold coins and the other on a shotgun, keeping an eye on your jug of moonshine close by, then so be it.


You do realise the astronomical polution and ecological cost in producing the cars and shipping them over the world. Oh and where do you think the energy comes from to make electicity?!
Eekgad... you don't really want to go down this path do you? I mean, adding in calculations for all conceivable ecological/shipping costs for combustion versus electric cars? What's the point? Too tedious. All autos take money to produce and ship. All autos take money to produce the energy/storage upon which they feed. There are pros and cons.


Also the surface temperature of the planet has been cooling over the last few years not warming and the ice feilds have been thicker and further north/south than before. Global warming is the world governments biggest con. There is no direct correlation between rising C02 emmisons and global warming. There used to be until about 17 years ago when the correlation stopped but even still the gorvernments of the world peddle the need to be green to you and TAX you for the privaledge.
Hyperbole much? Conspiracy fueled, consistently misspelled, mindless hillbilly ranting. Bitcoin is perfect for you!

My vote for world's biggest con is organized deity worship mythology, i.e., religion. You wouldn't happen to also be one'a dem dere Jesus dimwits, would you?

Right... I would respond properly but pretty much every assumption you have made about it me is wrong, very wrong. I never said global warming wasn't happening in general (it is over a large time scale) but it is not linked to CO2 emmisions yet you are taxed to the hill for your co2 emmisions. Hence the word con.

I wasn't even talking to you it was a general statement as a few people were talking about it so its okay you can calm down, collect your toys and get back in your pram.  I apologise that I don't have time to sit and proof read my comments, some of us have better things to attend to. You seem to take great offence to others views and as per usal resort to ad hom rather than answering the issue. Could it be the fact that you own one!  Shocked

You speak to me like I'm an American, thats probably the most offensive bit in what you said  Grin



15. Post 5116704 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.07h):

What time was btc-e supposed to be starting btc withdrawals again ?



16. Post 5119033 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.07h):

I know its not very interesting but I made a deposit to Bitstamp around 3 hours ago and it landed in my account after 2ish hours. Thats impressive!



17. Post 5124139 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.07h):

Whats everyones favorite charts to check ask/bid depth on ? I've tried a few out but nothing has been what Im looking for yet



18. Post 5137232 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.09h):

Quote from: surfer43 on February 14, 2014, 09:21:43 AM
Cry another 400 dumped

I'm glad we are getting rid of you dumpers  Smiley

Do you think they instantly withdraw their money or do you think they buy back lower ?  Wink



19. Post 5137663 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.09h):

This news coming before GOX announcing withdrawals again could completely sink gox as stamp price soars. However once withdrawals are enabled again at gox it will be too tempting not to transfer to stamp and dump them for 100% profit


EDIT: IF withdrawals are enabled again



20. Post 5139466 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.09h):

munch munch of those bid walls on stamp



21. Post 5142701 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.09h):

stamp going nuts!



22. Post 5143131 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.09h):

Speaking of the D coin... Thats having a nice little crash atm  Cheesy



23. Post 5143315 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.09h):

Quote from: JorgeStolfi on February 14, 2014, 04:11:15 PM
Speaking of the D coin... Thats having a nice little crash atm  Cheesy

Only if you compare it to some wannabe fiat currency that keeps swings like crazy.

Compared to a real honest fiat currency, it seems to be doing well:

https://coinplorer.com/Charts?fromCurrency=DOGE&toCurrency=USD


Righttt and where can you buy DOGE with real honest fiat currency?



24. Post 5143525 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.09h):

Quote from: stompix on February 14, 2014, 04:19:17 PM
Speaking of the D coin... Thats having a nice little crash atm  Cheesy

Only if you compare it to some wannabe fiat currency that keeps swings like crazy.

Compared to a real honest fiat currency, it seems to be doing well:

https://coinplorer.com/Charts?fromCurrency=DOGE&toCurrency=USD


Righttt and where can you buy DOGE with real honest fiat currency?

Where do you find a real honest fiat currency ?

Exactly  Wink



25. Post 5157377 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.10h):

dump city again at gox



26. Post 5157892 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.10h):

Quote from: Nemo1024 on February 15, 2014, 11:31:09 AM
Ok I bought at 646.  Time to go up.  Lets see if I get plastered on this one  Cheesy

Well that didn't go so well.  Wasn't watching the market the last hour or so then looked at the screen, got a surprise and got straight back off again at 646.  

Lol.  Thank god it's BFX so the fees are tiny.

You are in the wrong mindset. In a year's time it won't matter if you got on at 646, 570, 720, or even 850. It'll all look almost the same. Get on whenever you have fiat.

Take it from my experience, if you try to get on and off looking for the lowest price, you'll either be left behind when the next upward correction starts, or will slowly bleed away on fees.

I really dont understand why people say this... of course it mattes at what price you buy in at unless you dollar cost average.

Say I have 10k to invest if I buy in at 646 I get 15.4BTC.
If I buy in at 850 I get 11.7

If BTC gets to a conservative 10k each then in the first case I have 154k and in the second case I have 117k. Quite a difference!!

It stays the same as well for every factor you go up.



27. Post 5162406 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.10h):

Quote from: ChrisML on February 15, 2014, 04:52:05 PM
Let it be done now PLS.

Break that $400 barrier again


as you wish

Quote
and level out with stamp. Stop this bs.

Unlikely !



28. Post 5169819 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.10h):

wtf gox



29. Post 5169892 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.10h):

http://www.reddit.com/r/Bitcoin/comments/1y116j/mtgox_bitcoin_withdrawals_working_again/



30. Post 5170209 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.10h):

Quote from: TERA on February 16, 2014, 02:27:16 AM
How to lose half a million dollars instantly.

unless your Karpeles mate and hes let you take em to dump on stamp/btc-e  Wink



31. Post 5174839 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.10h):

Why would you buy goxBTC at .7 when its closer to .45 atm  Huh



32. Post 5182150 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

Quote from: BTC5OOO on February 16, 2014, 06:08:33 PM
I am not very angry on Gox to be honest. I have 11 BTC blocked there and I believe I'll get them at some time. Out of that I don't care about their price single iota as long as other exchanges are not following it.


you are joking right?...anyone holding ~$11,000+ of my money in limbo i'd be a little haired! =\

At Gox price its more like $2600 ish  Cheesy



33. Post 5183349 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

This could get interesting. The sheep are out in force



34. Post 5187939 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

If gox goes choo choo and the other exchanges follow theres a hell of a lot of shorts that are going to get squeezed



35. Post 5188731 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

Quote from: Blitz­ on February 17, 2014, 12:04:43 AM

Could you elaborate what you mean precisely? What I understand as arbitrage is buying at one place to sell at the other to pocket the difference. Do you just mean that people will send increased amounts of money to Bitstamp if they see the price lower than elsewhere?

The situation maybe that people, particularly speculators who are in it for fiat profit will send their coins straight to stap from gox to realise a 100% profit fairly easily. If you have fiat you can still send it to gox so there is a good chance there are people with a fair bit of money that have sent money to gox literally taking the risk they will start withdrawals and they can dump asap on stamp.

I think the transaction sizes on the blockchain will show how many coins are moving after gox allows btc withdrawals albeit some, no one can know how much, will be moving to personal storage off gox but not onto another exchange.

EDIT: Sepa withdrawals from Stamp are speedy in my experience as well. Plus the general excess of coins is sure to lower the price on the other exchanges.



36. Post 5188973 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

Quote from: Teppino on February 17, 2014, 12:23:45 AM
Once withdrawn from Gox there should be no need to dump elsewhere as you already profited from the low buy price, still i guess the fear of others blind dumping may spark a race and bring down the price.
Am i missing something?

Only if your a believer/hodler. Like I said if your in it for the fiat profits then every smart investor in the world would realise a 100% profit.

The other thing is also that a lot of coins will be heading to exchanges. There will be people who have sent money to stamp in anticipation of lower prices but will that be enough to liquify the potential influx of coins?

EDIT: plus there will be alot of people who have lost faith and will simply want to get out of bitcoin. I hope its not to bad but its rational to think about these things.



37. Post 5189250 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

I do think though that the other exchanges will follow goxes rise for half hourish till coins end up where they are sent.



38. Post 5195280 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

Quote from: windjc on February 17, 2014, 10:19:45 AM

Its just going to take them longer. Probably 2-3 more days is my guess. Meanwhile, as more people like yourself panic, the more free bitcoins I pick up over at bitcoinbuilder.

I don't see the attraction of paying .7 for gox btc? The true difference is more like .5 and if gox doesnt make an announcement the price is likely to drop further. Why wouldn't you just send some fiat there ?



39. Post 5195374 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

Quote from: windjc on February 17, 2014, 10:28:44 AM

Its just going to take them longer. Probably 2-3 more days is my guess. Meanwhile, as more people like yourself panic, the more free bitcoins I pick up over at bitcoinbuilder.

I don't see the attraction of paying .7 for gox btc? The true difference is more like .5 and if gox doesnt make an announcement the price is likely to drop further. Why wouldn't you just send some fiat there ?

I live in the US

Fair enough your sig fooled me  Cheesy

Good luck then. Hope it works out for you!



40. Post 5195451 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

shitty update



41. Post 5195509 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

"soon"

Yeah just like litecoin trading was being added "soon"


"New daily and monthly limits"

.01 btc per day while we make everyones btc back in fees.



42. Post 5195590 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

This rally could squeeze all those finex shorts



43. Post 5195868 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

Quote from: fonzie on February 17, 2014, 11:06:47 AM
"Where's Fonzie?"

"He's pissing in his covering his shorts. Will be back soon."


Iīm officially long now (ultra short term  Cool )  Cheesy

Chooo chooo - to the mooon

As in you sold already right?

100BTC avg price 602.41  ---> selling target<12h   638$-672$
Letīs see how this will work out!
I feel dirty btw, goin long is against my principles, but iīll give it a try. Smiley

Edit: i supported BTC twice , i closed my shorts and bought in. How could i be a bigger supporter for BTC, lol

....................

Shut up. You said later that you closed your longs +- 0. Idiot



44. Post 5196037 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.11h):

Quote from: Yololintian on February 17, 2014, 11:15:37 AM
Judging from the responses to the news, a lot of people were short. I was too. Now I'm long (for the short term). This really can't be seen as bad news; they are saying withdrawals will be enabled on Thursday, and most of the speculation was about them not having the amount of coins that they should. I'm just worried now about the dispersion of btc from the Mega-Whale that has been dumping 1000+ per hour for a few days on gox.

No, they said there would be an update on thursday. Look they could keep this whole we will update you thing going for weeks for all anybody knows. Then in regards to withdrawal limits nobody knows what sort of limit they will impose could be 1btc a day...


In my opinion this rally is people just riding the wave, nothings changed really, they were never going to come out and say yep we lost all your $ and BTC. This is pure manipulation, squeezing the shorts and trying to get people to panic back in.



45. Post 5196270 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Can someone also explain to me why they need to impose daily withdraw limits if they're not insolvent? Im not saying that they are but
I can understand they want to avoid a bank run crashing their wallet software or whatever but that would only happen if everyone started to make lots of withdraw requests. Why do you need a btc limit for withdraw requests?? Why would you not limit people to one withdraw request per day. The transaction size itself doesnt matter? Whats the difference between 100,000 .05 btc withdrawals and 100,000 50 btc withdrawals? The only thing that can be different if they cant cover 100,000 50btc withdrawals similtaniously. Am I missing something...



46. Post 5196587 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: FNG on February 17, 2014, 11:58:31 AM
Can someone also explain to me why they need to impose daily withdraw limits if they're not insolvent? Im not saying that they are but
I can understand they want to avoid a bank run crashing their wallet software or whatever but that would only happen if everyone started to make lots of withdraw requests. Why do you need a btc limit for withdraw requests?? Why would you not limit people to one withdraw request per day. The transaction size itself doesnt matter? Whats the difference between 100,000 .05 btc withdrawals and 100,000 50 btc withdrawals? The only thing that can be different if they cant cover 100,000 50btc withdrawals similtaniously. Am I missing something...

+1

Many are blind here, and still have hope of a back to normal situation. MK is giving them this hope.

There is no legit reason to limit bitcoin AMOUNT.  MK doesn't care about btc price on other exchanges!

Also, this announcement confirms to Billy & whales at gox, that they were right not being in btc, as withdrawals in btc will be severely limited in amount.Through legal avenues, fiat could be retrieved..
BTC in cold storage stored off premises.

security reasons may make it wise not to keep 100,000 bitcoin on hand


A fair explanation but lets be honest an exchange like mtgox should have the required secuirty measures in place to ensure any hot funds are properly protected. This isn't SR2 or Sheep coded by a dude in his moms basement, or at least it shouldn't be !

Plus how long does it take to import a private key from their cold storage ??  Wink



47. Post 5196997 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: kurious on February 17, 2014, 12:27:23 PM
Actually - allowing limited withdrawals makes sense - they must fear a 'run' on BTC either crashing the exchange (with it's new software fix being untested, too) - or meaning they have so little liquidity that their business is finished.

Allowing 'some' withdrawals will mean people wish to hold BTC instead of Fiat, which will inflate the price on Gox, and at this point, some people might decide to stay.

If Gox is clever, it will still have a business left.   Don't get me wrong - I will be the first in the queue to get out, but it is a logical solution.

I did think this was their only logical way out (assuming they really do intend to stay in the game).



If you look above I made a point about a bank run crashing the sofware. How does limiting withdrawal amounts cause the software not to crash? Surely you should be limiting withdrawal requests.




48. Post 5197306 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: kurious on February 17, 2014, 12:46:27 PM
Actually - allowing limited withdrawals makes sense - they must fear a 'run' on BTC either crashing the exchange (with it's new software fix being untested, too) - or meaning they have so little liquidity that their business is finished.

Allowing 'some' withdrawals will mean people wish to hold BTC instead of Fiat, which will inflate the price on Gox, and at this point, some people might decide to stay.

If Gox is clever, it will still have a business left.   Don't get me wrong - I will be the first in the queue to get out, but it is a logical solution.

I did think this was their only logical way out (assuming they really do intend to stay in the game).



If you look above I made a point about a bank run crashing the sofware. How does limiting withdrawal amounts cause the software not to crash? Surely you should be limiting withdrawal requests.



Yes, but if they limit it to xx BTC per day and one tx per day, and (then maybe say) have a time delay for 'verification' - it will reduce both the crash risk and the risk of a depletion of all liquidity on the 'exchange'.



Im not understanding your thinking. Liquidity on the exchange would be fiat. People aren't looking to sell for goxbuxxx so why would there be a reduction of liquidity on the exchange. You cant get goxxbuxx out the only way to leave is with btc.  The exchange is actually very liquid if you really want to sell your btc and not buy it back. Ive been up all night so excuse me if Im completley missing something.



49. Post 5197620 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: ChrisML on February 17, 2014, 01:12:05 PM
@TERA

Have you read the statement?  Huh

At the beginning we will do so at a moderated pace and with new daily/
monthly limits in place to prevent any problems with the new system and to take
into account current market conditions.


@magicmexican.

Amen.

So basically try and dicatate prices




50. Post 5197771 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: JorgeStolfi on February 17, 2014, 01:19:00 PM
Also, it makes sense to keep the hot wallet small to reduce the risk.

You already know that I am totally ignorant on how bitcoin works, and too old to learn; so forgive me for asking:

* How many weeks does it take for the network to process a transfer of a few thousand bitcoins from MtGOX's cold wallet to MtGOX's hot wallet? 

* How many such transfers from the same wallet can the network handle per month?

* If bitcoins were transferred into a wallet using certain custom software, can they be transferred out using a different software?

* If so, how much would MtGOX have to pay for a software that they could use to process the pending withdrawals, while they fix theirs?

Like others have said I respect your CV , I really do, but you need to get some btc and start using it, some of the questions you ask are in line with some of the silly stuff you see on reddit. Its like you havent even read the bitcoin FAQ.




51. Post 5197884 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: kurious on February 17, 2014, 01:26:23 PM

You may counter with 'people will then deposit BTC in to Gox to arb the premium'  but let's see....



Thats not going to happen is it. You cant get goxbuxx out. Gox has been $200-300 above stamp at times in the last few months and thats because an arb that way doesn't work if you cant get your fiat.



52. Post 5197909 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: billyjoeallen on February 17, 2014, 01:28:53 PM


I guess we should quit picking on Jorge.

http://www.reddit.com/r/Bitcoin/comments/1y4rx2/moronic_monday_ask_all_the_question_you_are/

Not picking on him but its hard to keep answering questions that would be obvious if you did some reading like the majority of us have done.



53. Post 5201372 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: Arcas on February 17, 2014, 04:38:51 PM
Possible, but I doubt it. The shutdown had nothing to do with lack of funds, it was due to a cyber attack on a bug.

A cyber attack on a bug ? So how come the other exchanges are open and have dealt with the well known issue. More like they cant just open up withdrawals because they are insolvent, this is mirrored by the restricted withdrawals they are proposing when they do open. I experienced the poker problems that he is reffering to and trust me the way mtgox is communicating is exaclty how these companies were communicating back in 2011. They havent even said when they are opening withdrawals (if at all) they have just said update on thursday...



54. Post 5201709 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: ChrisML on February 17, 2014, 04:59:26 PM
For those thinking of wiring money to Gox to scoop cheap coins..It can be costly:

http://www.coindesk.com/mt-gox-may-headed-bankruptcy/



Once again, fucking hilarious.

Why did this "marketing manager in online gambling games" not publish this 4 days ago when Gox announced downtime.

What a shit dick. It's real easy to just go at something and scream and yell shit once something has happend.

Now that Gox put out a statement, people get new shit to bitch at. Lmao.

Care to address the points and explain why you beleive it to be so hilarious ?



55. Post 5201782 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Anybody noticed how slow bitcoinwisdom has been updating trades today? The price has been updating constantly but the actual completed trades with btc amount seem to be a minute or so behind ?



56. Post 5206105 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Wouldnt it be hilarious if they just started fiat withdrawals as well.



57. Post 5217513 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

what a mad buy



58. Post 5217725 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Gotta love the sheep. Sold the peak of 660 yesterday as the news from gox wasn't great but the market was always going to have a little rally. Testing the bottom around 550ish again and Im back in and bullish.



59. Post 5218372 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Call me a fool but I couldn't resist buying some goxBTC at .5. Be greedy when others are fearful and all that...



60. Post 5218648 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: billyjoeallen on February 18, 2014, 01:51:30 PM
Call me a fool but I couldn't resist buying some goxBTC at .5. Be greedy when others are fearful and all that...

It's not foolish at all, provided you can live with the probable loss. It's like betting a number on the roulette wheel that pays off 50 to 1.

Yeah I can definately take the loss. I only spent 10btc which is a smallish percentage of my 'play stash'.

The way I see it I would have to make a long series of really good trades to double up in the same way and there would be much much more risk involved. While Gox running off with the money is a distinct possibility I think the risk of this happening is far lower than 50-50.

The numbers just make sense really.



61. Post 5219111 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: billyjoeallen on February 18, 2014, 02:17:37 PM
Call me a fool but I couldn't resist buying some goxBTC at .5. Be greedy when others are fearful and all that...

It's not foolish at all, provided you can live with the probable loss. It's like betting a number on the roulette wheel that pays off 50 to 1.

Yeah I can definately take the loss. I only spent 10btc which is a smallish percentage of my 'play stash'.

The way I see it I would have to make a long series of really good trades to double up in the same way and there would be much much more risk involved. While Gox running off with the money is a distinct possibility I think the risk of this happening is far lower than 50-50.

The numbers just make sense really.

So we agree the risk/reward ratio is low enough. I think there is a greater than 50% chance you'll lose, but if you win, you'll more than double up. The problem is that this market moves so quickly that by the time you realize your profits, you may miss out on several other opportunities. Range trading to scoop up 2% per swing seems boring, but it's a guaranteed profit if you don't care if you're either fiat or BTC heavy when price moves to a new range.

Yeah I see where your coming from. Range trading can bite you as well though if the market suddenly takes off and your left on the wrong side of a short- what would your range have been over the last week for instance? And what do you do when your trading for 2% profits and the market moves 10% the other way eating the last 5 trades you made? I dont see myself as missing other oppurtunities as I have enough fiat/btc to make any moves I may want to make in the mean time. As you can can probably tell I trade for btc profits rather than fiat. I personally put it about 30% Ill lose but only time will tell  Cheesy



62. Post 5220029 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: billyjoeallen on February 18, 2014, 02:42:42 PM

The current range:
I publicly called the Feb 9 $530 as the bottom. I sold a tiny bit on the bounce, bought it back at $550.
I sold at $678, so I missed a little bit of the bounce and now I'm waiting for lows again under $600. I don't really care if it goes higher, though. I have BTC set aside for trading higher ranges. Only going lower than $550 will necessitate me depositing fresh fiat.

Congrats then, I just find myself too jittery to trade like that, closing way too early either end even though when Im not in a trade I seem to be pretty good at calling ~tops/bottoms.

Well happy trading and hopefully everyones happy come thursday  Wink






63. Post 5220323 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Dumping time  Grin

Did I miss something ?!



64. Post 5222641 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: adamstgBit on February 18, 2014, 05:54:07 PM
It would be trivial to prove he has the BTC. Why doesn't he do it?

Mark is saying its not trivial because of the intense security measures in place for the cold storage.

Plus what would make you believe he had it? Screenshot of bitcoinqt?



65. Post 5223218 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: JorgeStolfi on February 18, 2014, 06:24:40 PM
Plus what would make you believe [Mark has the BTC]? Screenshot of bitcoinqt?

Someone suggested that he could tell the addresses and move the bitcoins among his addresses so prove that they are his.

I was being sarcastic, maybe I should have added the  Wink aswell  Cheesy

I'm not saying I know his cold storage arrangements but they will be very well locked down, private keys in super secure locations, probably key split  etc, so like said above not really trivial to just move coins among addresses.



66. Post 5233503 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Yep, but I wouldn't hold your breath.

Would be awesome if they just dropped it out the blue



67. Post 5233621 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Quote from: solex on February 19, 2014, 09:46:06 AM
They moved all their servers without a trading halt?


Their offices are only small in a general block of offices. Id imagine its hosted off site...



68. Post 5233683 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Mt Gox 30d volume $337m

At an average 1% fee that's $3.3, this is why its hard to beleive they are completely insolvent.



69. Post 5233903 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.12h):

Theres been a few discussions on the irc channels and most people seem to think it will probably be around 10% of current limits which are relatively high in all fairness.



70. Post 5233981 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Yes current level one AML is 1000btc/day

current level two is 10000btc/day

No, obviously nobody from gox in there has said anything concrete its all sepculation, I was just replying to the "lets speculate on withdrawal limits" question.



71. Post 5238338 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Thers a difference between the government printing new money and someone creating a new crypto if btc was to be 'adopted'. You don't have to accept and begin using a new crypto unlike the complete loss of choice of using fiat money. Furthermore a new crypto is not btc. Its like saying if the Bank of England started printing yen it would inflate the Pound.



72. Post 5238852 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

A side note on the office move BTW.

Apparently they have had this office for a while and used use it for whatever reason.

Some people are speculating that they are being overwhelmed with post at the current offices and also protestors are affecting other businesses within the block. It would make sense if the office owner had taken steps to ask gox to attempt to mitigate this.



73. Post 5243141 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

You would expect so, particularly as there are still people wiring money into gox.



74. Post 5243419 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Quote from: seleme on February 19, 2014, 07:41:27 PM
Non related but have you guys seen that laszlo is back. Bitcoin pizza legend. He says he spent all his coins back then on those pizzas.

https://bitcointalk.org/index.php?topic=109.msg5149151#msg5149151

I'm relatively late adopter but was extremely lucky and successful trader and it's shame that I gain more wealth from Bitcoin than guy who contributed much more than I am (he also have built first GPU miner or one of the first and made it open source for community instead of mining the hell out of it)

I've sent him 1 BTC and I hope more people will join and tip laszlo.

Someone mentioned it on reddit last week and I enjoyed reading the thread again. Shame for him but he's so cool about it.



75. Post 5245423 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Maybe, they also don't want to see a mass exodus.

Limiting withdrawals means the price will rise and people wont be able to get their coins all out and will be tempted to trade it, thus the goxxing begins again...



76. Post 5245798 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

They haven't halted trading at all



77. Post 5245842 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

What do you think of this.

Gox is still sending fiat withdrawals, there have been people receiving them throughout this time they have halted btc withdrawals.

If they are insolvent, would that not be in breach of Japanese law ?



78. Post 5245935 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

I just mean that with the situation as it is if they are doing fiat withdrawals still at all then are they not in breach of the law ?



79. Post 5245946 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Quote from: jatajuta on February 19, 2014, 10:13:39 PM
What do you think of this.

Gox is still sending fiat withdrawals, there have been people receiving them throughout this time they have halted btc withdrawals.

If they are insolvent, would that not be in breach of Japanese law ?


Yes, if he is insolvent that can put him in jail.

By the way they are not insolvent, I think the price discount is due to the fact that nobody knows when the btc withdrawals will begin, the more we wait, more selling pressure will be.

This is what I think as well, Ive bet on it so we shall see.



80. Post 5246105 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Stamp taking a dive...



81. Post 5246279 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

That or a spot of manipulation for some moar cheap coins Cool

Who knows who knows but it is exciting

They were soaked up fairly quickly so looks like there is plenty of fiat looking to buy in.



82. Post 5246894 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Price is climbing on bitcoinbuilder



83. Post 5249078 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

only the news page is down



84. Post 5249114 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Quote from: kurious on February 20, 2014, 01:40:50 AM
only the news page is down

Not for me - but I just can't see a fix being ready today - or even next week.

Andreas said 'four weeks' in his opinion  - who knows...?

try going direct to login page https://www.mtgox.com/login



85. Post 5253442 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

wish I had like 10k on gox  Grin



86. Post 5254826 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Mark: "brb still buying all the cheap coinzzzzz"



87. Post 5254851 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Insider info for a gox rally  Huh



88. Post 5254896 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Someone has a 100 btc buy at .51 on bitcoinbuilder. So many theories just release a statement already!!



89. Post 5255024 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

What a load of balllllllsssssssss



90. Post 5255585 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Stamp just signed me out. It is acting very strange



91. Post 5255723 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

The gox announcement is time stamped as 10:17 am ....



92. Post 5255958 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Stamp withdrawals still off as well.



93. Post 5256165 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Quote from: seleme on February 20, 2014, 11:21:56 AM
Looks like I can say bye-bye to my 11 BTC on Gox  Shocked Cry

Or sell them on bitcoinbuilder....



94. Post 5256352 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Quote from: yrtrnc on February 20, 2014, 11:30:59 AM
MTGOX released the actual version of their announcement , here it is.

Dear Dumbasses,"
"
You are so dumb and retarded for being patient this week, while we are working on initiating bitcoin
withdrawals into our own personal accounts. In addition to the technical issue, some dumbasses have been stopping us at our front door and crying about their bitcoins, and as a result our frappuccinos had to be drank at undesirable temperatures, so we had to relocate MtGox to our previous office building in Shibuya (details can be found here https://support.mtgox.com/home). The move,
combined with some other security and technical challenges, pushed back our progress of stealing your coins."
"
As we are smarter than all you dumbasses we will only provide an “update on an update”, while we nick you coins. We are committed to stealing every last one of your coins and will provide more fud as soon
as possible to keep everyone in the loop."
"
We do not give a flying fuck about the delays and deeply appreciate your kind fucking dumbness and
continuous retarded behaviour."
 "
Best regards,"
"
"
MtGox Team

P.S. You've been fuckin GOXXED

Strange, thats what I read as well  Grin



95. Post 5257122 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.13h):

Bitstamps new auto logout time is driving me nutsssssss



96. Post 5259952 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

Quote from: magicmexican on February 20, 2014, 02:52:11 PM
I kinda want to gamble and buy small amount of goxbtc for 0.38, but cannot pull the trigger yet

Do it, you know you wanna  Grin

Down to .353



97. Post 5261491 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

Be fearful when others are greedy and greedy when others are fearful.

I think at the chance of tripling your money its worth a shot with some play btc. Nothing  other than peoples sepculation is saying they are insolvent. The figures don't make sense with how much they earn plus some higher members of the community don't seem to think they have that problem.

Unless you are to beleive that the 'scammers' emptied the hot wallet and then emptied another 1 or 2 cold storages without mtgox noticing then they have plenty of coins around them.

The price is being driven down by FUD rather than facts and I beleive a hell of alot of people have panic sold due to this.

 Im fairly happy to take a 3:1 bet even if it takes 3-4 weeks.




98. Post 5261761 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

I have 2fa and its a no no to withdrawals for me....



99. Post 5262265 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

I have also had a junk email saying I lost 3.201 from support@btcguild despite never having mined with them. I just presumed it was a phishing attempt



100. Post 5262508 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

Dunno why people are insinuating that people are trying to spread FUD saying that they have been stopped their btc withdrawals from stamp.


How many people do you need to report the same thing before you beleive it.

Oh here's my proof (check the date and time)



101. Post 5262676 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

Quote from: fluidjax on February 20, 2014, 05:01:42 PM
Dunno why people are insinuating that people are trying to spread FUD saying that they have been stopped their btc withdrawals from stamp.


How many people do you need to report the same thing before you beleive it.

Oh here's my proof (check the date and time)


About 50% of the last few minutes of messages explain to you that it is not a problem, and yet you still don't read them....

I read them thanks. I was replying to the people who were saying prove it/ stop spreading fud as clearly just saying my withdrawals aren't working isn't enough



102. Post 5262850 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

Quote from: fluidjax on February 20, 2014, 05:10:11 PM

Sorry, my mistake.


Apology accepted  Grin

See isn't it all much more fun when we all get along !



103. Post 5265157 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

Quote from: seleme on February 20, 2014, 06:57:23 PM
People who are scared of Bitcoin regulation are dumbest souls on the planet.

It+s the most bullish thing ever to happen to Bitcoin.

this, so much this



104. Post 5265587 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

Even if you have gox btc and want to hold it, you can make money on bitcoin builder easy.

Its around .45 atm, sell here and its sure to dip lower when people who are wiring money into gox are selling it on bitcoinbuilder for x2



105. Post 5265695 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

Quote from: keithers on February 20, 2014, 07:23:33 PM
Even if you have gox btc and want to hold it, you can make money on bitcoin builder easy.

Its around .45 atm, sell here and its sure to dip lower when people who are wiring money into gox are selling it on bitcoinbuilder for x2


how are you getting btc from gox over to bitcoinbuilder?   I have never heard of bitcoinbuilder...

Check the site out.

You transfer your goxbtc to their gox account using internal transfer and then can sell for real btc as people wanting to buy goxbtc send real btc to bitcoinbuilders real btc account.



106. Post 5266100 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

Quote from: magicmexican on February 20, 2014, 07:45:36 PM
I got myself 1 goxcoin for 0.38, now its on the pump!

Its hilarious, the guy running it is making so much money



107. Post 5266173 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.14h):

Im kind of considering keeping my withdrawal block on my stamp account till I actually need to withdraw. Stops anyone stealing my btc even if they get in my account ?!



108. Post 5278470 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

and gmaxwell is ?



109. Post 5278685 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

Hmm, rather disconcerting.


WTF is with gox, I mean who thought automatic reissues were a good idea. And they thought tx were getting stuck because of full blocks. *facepalm*



110. Post 5278762 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

I remember this gmaxwell guy now. He's one of Goats best freinds  Grin lol



111. Post 5280207 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

I just cannot see how they are insolvent, its just not very likely at all.

Listen to the last letstalkbitcoin podcast it explains why they would take so long in regards to fixing and also the huge amount of bots that are probably trying to carry out the same fraud so they have to take it all very slowly.

I dont doubt that gox took a hit but no one has provided any evidence that they would blindly keep transfering cold storage funds to their hot wallet and non of their software would do a simple check against total account balances vs wallet balances.




112. Post 5280364 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

Quote from: HairyMaclairy on February 21, 2014, 12:23:50 PM
No one has provided any evidence they have competent coding either. 

Inompetent at coding != emptying cold storage adresses



113. Post 5281617 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

TA is hard with bitcoin at the best of time but is almost immpossible with the markets being completely gox/news driven.



114. Post 5282726 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

Quote from: FTWbitcoinFTW on February 21, 2014, 02:57:51 PM


Let me guess, yours bids are below 500 ??  Roll Eyes

 Grin



115. Post 5282767 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

I thin k billyjoeallen wants to give fonzies mom a goxing by the sounds of it



116. Post 5283466 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

That pastebin was taken completely out of context. The user on here who posted it also apologised to gmaxwell on IRC for posting it



117. Post 5297994 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

http://goxbalance.com/



118. Post 5301519 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

Panic buying on bitcoinbuilder lol



119. Post 5302223 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.15h):

Man Im so glad I spent a fair bit of btc on goxcoins around the 3.5 range



120. Post 5302857 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.16h):

Gox is just making stamp look retarded.

Bitcoinbuilder just kicked off  and hit 0.62 dumped my gox btc and bought back at 0.44.

Seriously if gox reopens withdrawals and I can get these coins I will have 4 times the real btc I put in.



121. Post 5310114 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.16h):

We got any predictions then or is everyone holding back until the goxing is over (if ever)



122. Post 5316178 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.16h):

It would be interesting to know what price we would be at if the majority of the fiat on the exchanges all bought it. I reckon there's enough to take us straight past the ATH. Think about all the shorts that still need to be closed as well.

Gox re-enabling withdrawals
All the fiat waiting on the sidelines
All the open shorts to be squeezed

If all these things happen I think alot of people will miss the train.

Obviously I dont doubt that we can and probably will go down a bit first but in the near future its gonna be choo choo time.



123. Post 5319989 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.16h):

Gox trying to rally again



124. Post 5321749 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.16h):

Quote from: fonzie on February 23, 2014, 07:05:33 PM
http://www.mtgoxtakeover.com/?q=msg

 Roll Eyes

Right....

I'd love to say more but I really can't



125. Post 5325665 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Quote from: biafore on February 23, 2014, 11:00:41 PM
What are the changes we'll get that gox update on monday?
Well its Monday morning in Japan already, don't you think if they had good news, it would be released first thing in the morning?

No tbh. They seem to like 7pm announcements.



126. Post 5333651 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Well just woken up and as per usual missed a lot of the action and chance to make some easy money.

Great to see we're doing some wall observing!

Predictions for the day then?

Mine: No gox announcement, price to fall back to around $100 in gox and stamp to follow to about $550

I don't think them clearing up their twitter of bot automated responses is a bad thing. If they deleted their twitter then maybe but just getting rid of their tweets is just a chance to spread more FUD for the manipulators



127. Post 5333673 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Oh and we're about to pay a visit to that wall again. Seems legit so cannons ready sirs.



128. Post 5335261 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Someone just dumped all the way down to 0.19 on bitcoinbuilder



129. Post 5335316 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Ive literally made 10 real btc on bitcoinbuilder in the last week. The volatility is crazy.

And theres a 1199 goxbtc sell wall as well !



130. Post 5335359 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

This is awesome bitcoinbuilder is the most entertaining thing in the world right now. Josh is making a fecking killing



131. Post 5335413 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Quote from: magicmexican on February 24, 2014, 11:53:55 AM
could be just someone finally arbitraging

Most likely, damn would have loved to have some more btc on there, back up to 0.3 now though



132. Post 5335444 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

All these real walls. Making me feel abit uneasy...



133. Post 5336113 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

What if the guy on bitcoin builder meant to put a bid in at .19 rather than sell.

That would be hilarious and is easy to do as bitcoin builder doesnt have a proper trading interface it just remembers whether you bought or sold last time and there's no confirmation dialogues or anything...



134. Post 5336134 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

WOAH okay maybe not. A 5000 gox btc wall at 0.19



135. Post 5336162 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Anyone doing a 5000 coin arb on bitcoinbuilder has balls of steel (or insider knowledge)



136. Post 5336241 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Quote from: medialab101 on February 24, 2014, 12:48:27 PM
Changed to 500 wall on BTCbuilder

Look at the trade history alot of it got eaten. 576 in one trade.



137. Post 5336249 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Quote from: JCviggen on February 24, 2014, 12:49:57 PM


Starting to feel that "we're being played" feeling.
Still want to buy everything I can but Stamp withdrawal is taking effing ages.

Dont forget email confirmation, done that a few times  Wink



138. Post 5336345 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Quote from: gizmoh on February 24, 2014, 12:53:36 PM
I bet those real btc will come to stamp, red fireworks party soon guys  Cheesy

He does manual withdrawals so there's no telling when



139. Post 5336404 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

That shit got bought up with 500 on real btc to spare sitting on the bid side.



140. Post 5337114 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

EPIC



141. Post 5337216 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Quote from: threecats on February 24, 2014, 01:44:14 PM
sucks bfx isn't hooked up

Why would they be just one person cashing out not gonna drop every market.



142. Post 5337229 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.17h):

Builder goin back up to .3 area. Some people just made a shed load of money.



143. Post 5339244 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.18h):

I guess whoever bought up the ~5000BTC on bitcoin builder has set himself some levels to cash out. 100 btc on 0.34, 0.345, 035, 0.355 etc etc 



144. Post 5339646 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.18h):

Quote from: FTWbitcoinFTW on February 24, 2014, 03:42:56 PM

wall was removed...

A fair chunk was eaten, the trade history at the time showed a few large trades. One was 570ish



145. Post 5343858 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.18h):

Well its been an interesting day in bitcoin land. The volatility we are seeing isn't great for bitcoin but it certainly is good for filling the coffers  Wink



146. Post 5348996 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.18h):

and its gone. Dump incoming?



147. Post 5349020 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.18h):

2000BTC wall on builder



148. Post 5349698 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.18h):

500 is fairly well guarded



149. Post 5349804 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.18h):

This is going to bounce back hard.



150. Post 5349913 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.18h):

Mega dumps on gox. Determined to go back into double digits.



151. Post 5359944 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.19h):

Whatever happens, Im glad I stuck to the golden rule of never bet more than you can afford to lose.

If gox is finished the btc I lost on builder (which after trading was no where near what I put in) will have been lost knowing that the odds said it was worth the gamble.



152. Post 5361733 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.19h):

No thats off IRC no reddit



153. Post 5362124 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.19h):

Quote from: mmitech on February 25, 2014, 01:19:53 PM


Edit: which IRC node BTW ? Gox node is not working for me... is it working for anyone? I tried to join few times but I couldn't.

#mtgox-chat Neo +m the official channel



154. Post 5362351 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.19h):

Quote from: Davyd05 on February 25, 2014, 01:43:55 PM


yeah was just @ #mtgox.. magical tux is in there.. so at least we know he isn't pawning his computer to pay off debts

In the official channel? or mtgox-chat ? Cant see him ?? ...



155. Post 5362475 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.19h):

Quote from: Davyd05 on February 25, 2014, 01:54:44 PM


yeah was just @ #mtgox.. magical tux is in there.. so at least we know he isn't pawning his computer to pay off debts

In the official channel? or mtgox-chat ? Cant see him ?? ...

his nick is in #mtgox there is no talking privileges there though

Can see now thanks. Bet he's getting abdolutely blasted with PM's



156. Post 5364174 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.19h):

This is amazing. Like you literally couldnt make this shit up.



157. Post 5366208 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.19h):

Quote from: JorgeStolfi on February 25, 2014, 04:42:15 PM


Nice computer graphics reconstruction, here is a photo if anyone cares:

http://commons.wikimedia.org/wiki/File:Malla_mõisa_peahoone_2012.jpg

https://et.wikipedia.org/wiki/Malla_mõis

We know...



158. Post 5369418 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

The fact remains if that amount of coins wasn't stolen, which seems more likely, then gox can probably re pay the majority of its debts. I mean everyone keep saying insolvency and it sounds like that but until someone shows proof that they owe X,Y and Z then complete loss of funds isn't likely.

I feel its more likely that they owe a certain amount and whoever is buying them out has enough to cover the difference



159. Post 5369791 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: KeyserSoze on February 25, 2014, 07:30:01 PM
I wonder if all Gox emails, support tickets, PR statements and other communications will be added to the Karpeles Manuscript Library?
http://www.rain.org/~karpeles/

 Grin



160. Post 5370461 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

https://www.youtube.com/watch?v=1mWkY5yIAnc&feature=youtu.be



161. Post 5373070 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Is it time to panic buy yet



162. Post 5373416 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

SOURCE : http://www.wickedfire.com/shooting-shit/179038-my-conversation-mark-karpeles-mtgox-2.html



163. Post 5373688 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

From the source of that news story it sounds more like government from the way MK is speaking ? The fact he says they're not lost but temporarily unavailable. Also when asked about if a digital currency like bitcoin could exist he said it was hard to say there is a lot of bank and government pressure. Money laundering seizures or something similar ?



164. Post 5373903 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: Dragonkiller on February 25, 2014, 11:12:22 PM


he's talking about seizures, problems they've had with banks etc in the past

the coins are gone, 'temporary unavailable' means he hoped he could make it back over time following the crisis strategy

I'm obviously speculating but nobody is deluded enough to think that they can make their entire deposit balance back by trading coins that don't exist. Dont forget people are just trading numbers in a database if that amount is lost then there are no coins to make back.



165. Post 5381918 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Anybody got a refferal code for fenix?



166. Post 5381997 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Nice buy on stamp. This train aint stopping for a day or so.



167. Post 5382350 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

No fenix refferal codes then ? Someone must be using them?!



168. Post 5382443 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: rpietila, the Vassal of the Mighty Goat on February 26, 2014, 10:54:13 AM
Nice buy on stamp. This train aint stopping for a day or so.

Generally it goes in so called "waves", which means that it will next hit 500. This enables the experienced traders to make money on the markets at the expense of the inexperienced.

He's back  Grin



169. Post 5382800 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: magicmexican on February 26, 2014, 11:22:17 AM
Dear MtGox Customers,

As there is a lot of speculation regarding MtGox and its future, I would like to use this opportunity to reassure everyone that I am still in Japan, and working very hard with the support of different parties to find a solution to our recent issues.

Furthermore I would like to kindly ask that people refrain from asking questions to our staff: they have been instructed not to give any response or information. Please visit this page for further announcements and updates.

Sincerely,
 Mark Karpeles


Its a start I guess



170. Post 5384897 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Lol this explains a lot, from Marks twitter

@magicaltux why is the MtGox withdrawal for faster processing 0.005BTC when the network is set to 0.0001BTC/kb?

@zikuladrak because it works better. Minimum fee is required for relaying, higher fee helps even more getting in the blockchain



171. Post 5385148 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Dunno about you guys but I am sick of having to defend bitcoin over the last couple of days against all the told-you-so mockers.

Its like everyones gone retarded and decides nows a good time bring up all the old fallable arguments against Bitcoin.
I even had the old " You can't pay yoru mortgage in BTC so its a speculative investment and thats it" to "I heard that the CEO of bitcoin took everyones money"

One co-worker couldn't understand when I said I'd rather hold a deflating asset than an inflating one that I meant in general and to convert btc to fiat if and when necerssary. To which he replied so you could live without cash now?!

 I mean WTF these are intelligent people.



172. Post 5385660 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: ShroomsKit_Disgrace on February 26, 2014, 02:06:18 PM
Dunno about you guys but I am sick of having to defend bitcoin over the last couple of days against all the told-you-so mockers.

Its like everyones gone retarded and decides nows a good time bring up all the old fallable arguments against Bitcoin.
I even had the old " You can't pay yoru mortgage in BTC so its a speculative investment and thats it" to "I heard that the CEO of bitcoin took everyones money"

One co-worker couldn't understand when I said I'd rather hold a deflating asset than an inflating one that I meant in general and to convert btc to fiat if and when necerssary. To which he replied so you could live without cash now?!

 I mean WTF these are intelligent people.

Be happy. This means that most of the people, while having heard of Bitcoin by now, still know next to nothing about it. What does this tell you about its potential for growth?  Cool

Anyway, Where the fuck is the CEO of Bitcoin and why doesnt he save all of us?  Cry

 Cry I know right. What a Dick head.

Thing is one or two of these people have has BTC in the past .... oh wait, I think I answered my own question.



173. Post 5386242 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Serious question: Would anyone use "GOX" if it was bought by a reputable company and re branded allowing limited customer withdrawals but with a guarantee that finds are safe. Then if they implemented full transparancy of user funds??



174. Post 5386334 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

In speculation terms the more this goes on the more it seems to me that the governments are involved.


Thats why he can't /won't say anything and why the funds are temporarily unavailable.

I mean if you get a subpoena that prevents you from moving any customer funds and carrying out withdrawals and also says that you can't communicate the reason for the restrictions how else could you react?



175. Post 5386355 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: slovenc on February 26, 2014, 03:00:34 PM
Hi im new here.
yesterday i put short on 520$. I still hope we will see retest at arround 500$.


Obligatory "I had a freind who shorted Bitcoin once, haven't heard from him since."



176. Post 5386621 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: seldon on February 26, 2014, 03:14:07 PM
Serious question: Would anyone use "GOX" if it was bought by a reputable company and re branded allowing limited customer withdrawals but with a guarantee that finds are safe. Then if they implemented full transparancy of user funds??

If the company is well known and can win back trust (e.g. by implementing a proof-of-ownership for all funds) I'm sure many people would. Also MK would need to be driven away with a large stick first.

Well if the company is bought undoubtadley MK would be no where near it, I wouldn't be suprised if any new owners publicly slate him and what he's done ( if lost coins due to negligence turns out to be true).

With the massive customer base and amount of verified accounts it must be like a honey pot to many investors, one can only hope that someone is able to bail them out and an anouncement either way is made soon.



177. Post 5387614 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Jorge, what is illegal about an investor buying coins on other exchanges to inject into Gox?

 As long as were on the same page and realise that when we say buying off other exchanges we don't mean buying from exchanges cold storage and giving the money to them, we mean buying them at whatever market price from those exchanges clients with a regular account. What would be illegal with that ?

I also don't buy the liquidated them to play with the cash story. No one who believes in bitcoin (which he clearly did / does) would do that,  they all feel that the price is way under valued and its a life changing tech. Hence why he acquired so many coins and then wanted his own exchange. Why would he then bet against the price going up?

Also back at $100 there wasn't anywhere near the liquidity to sell all of those coins.



178. Post 5387773 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: billyjoeallen on February 26, 2014, 04:15:49 PM
What most of you seem to not understand is that one of the biggest results of this Gox fiasco is that many many coins are going into encrypted jump drives and paper wallets. They are not Beany Babies. They are Faberge eggs. There are going to get scarce. Really scarce.

I'm pulling most of my holdings off the exchanges. I should have done it long ago. You can figure out for yourself what this will do to the price.

Got to agree with this, I know I started off with just a small % of my holdings on exchanges but as the price has gone up and Ive traded this has become a substantial figure. While this isn't a bad thing there has been occasions where I have sold more than I would of if I had had less on the exchanges.

I guess using your logic, which is fairly sound, supply is going to dry up. I think we will just see more transactions backwards and forwards from personal storage to exchanges but the chance for less panic selling is definately apparent.



179. Post 5387817 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: ChrisML on February 26, 2014, 04:23:34 PM


So much win. New wall paper candidate haha



180. Post 5387912 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: JorgeStolfi on February 26, 2014, 04:26:28 PM
Jorge, what is illegal about an investor buying coins on other exchanges to inject into Gox?

Of course it is OK to buy coins on other exchanges from the exchange's customers and withdrawing them.

What is not OK is buying a big lump of those coins in private from the exchange without the clients' knowledge. 

Agree but not likely to happen and I dont think thats what anyone was suggesting when they said investors can buy coins from other exchanges.



181. Post 5388563 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: JorgeStolfi on February 26, 2014, 04:51:06 PM
I also don't buy the liquidated them to play with the cash story. No one who believes in bitcoin (which he clearly did / does) would do that,  they all feel that the price is way under valued and its a life changing tech. Hence why he acquired so many coins and then wanted his own exchange. Why would he then bet against the price going up?

Also back at $100 there wasn't anywhere near the liquidity to sell all of those coins.

That is just a theory, of course (I still think that it is more likely than the stupid malleability hack.  Both theories depend on sheer stupidity, but mine also has a greed motive. Wink

Frrom the charts, I see that there were long periods when the price was stable.  Perhaps MtGOX expected the price to remain stable for another couple of months, or that it would rise slowly so that they would have time to reverse the deal.

In my theory, the sale would probably have happened off-market, in large lots.  Suppose that a big investor contacted MtGOX and offered to buy 1,000,000 BTC from their cold storage at 15$ each, when the market price was 10$.  Would they let that opportunity pass?


Only time will tell, I too dont see how malleability could be blamed for completely drainage of cold storage. In fact by its very essence cold storage could not 'leak out' to the hot wallet. The only way this could happen is infact if they didnt have cold storage at all and it was kept in majoirty in a hot wallet. Having no coins in this other than the ones I bet on bitcoin builder I just cant wait to find out the truth.



182. Post 5389843 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):


Quote from: souspeed on February 26, 2014, 05:49:05 PM
I like it!
Best promo for bitcoin ever!

Combine future tech with future tech.

http://www.youtube.com/watch?v=Wu7tMD3ufKI

Awesome, but would definitely not want to use a non reversible payment method with it though





183. Post 5389862 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Quote from: JorgeStolfi on February 26, 2014, 06:18:03 PM

Ah.

Is that the reason why so many people are so anxious to save MtGOX, even with a radical haircut on their balances, rather than liquidating it?


Nope strangely enough people just want their money back  Wink



184. Post 5390461 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

If people are getting them and never had a gox account could it be this account ? Who got that email to the email adresss registered here? Other one I can think of is bitcoinbuilder.



185. Post 5392504 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

Wall observed!!



186. Post 5394778 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

That was fun



187. Post 5394939 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.20h):

http://www.reddit.com/r/Bitcoin/comments/1wtbiu/how_i_stole_roughly_100_btc_from_an_exchange_and/



188. Post 5404215 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.21h):

This is why I was checking everything after any bitcoinbuilder trade and then seeing if it added up after I also thought they had short changed me on a trade. Cant expect much really and at least you got a proper reply...



189. Post 5406144 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.21h):

This is smelling more and more like government



190. Post 5410787 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.21h):

Lol fork bitcoin to bail out gox users. I have some btc tied up in the gox debacle but I would NEVER support this.



191. Post 5410874 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.21h):

Quote from: raid_n on February 27, 2014, 06:32:10 PM
I'm enjoying this hypothetical forking question  Smiley

This is certainly not the point in time where a fork were to be actually considered but there might come a day where this becomes the case.
In a sense this is the ultimate strength of the system and the reason why cryptocurrencies are here to stay.
No regulation or external influence can stop a new spawn from emerging

I agree to a point but a fork like this would split the community to the point the miners decided and they would do it for money, therefore in that sense its just as bad as the old system to even consider this. A fork would only ever be considered for a change in the protocol not to restore lost coins.



192. Post 5411141 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.21h):

gmaxwell talking some sense about the speculation that gox still has a lot of coins that are going around Reddit.

http://www.reddit.com/r/Bitcoin/comments/1z3v4k/claims_that_mtgox_has_a_lot_of_coin_so_far_look/



193. Post 5411311 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.21h):

Quote from: magicmexican on February 27, 2014, 06:56:51 PM


he just wants to get your goxcoins cheap.

I sense someone might want the price to rise so they can balance their account  Wink



194. Post 5415477 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.21h):

lol at anyone who bought into that gox rally earlier.



195. Post 5422752 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Karpeles actually said something!

https://twitter.com/The_K_meister



196. Post 5422819 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Lost, when did he say they were lost? He said stolen, which means they are still out there either sold, to be sold or waiting for a rainy day Wink



197. Post 5423392 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Yeah did anyone see that geek week video of him and all the stuff saying how he had previous experience coding and integrating banking systems and accounting systems etc. Theres no way he just let all those coins get stolen like that.



198. Post 5425059 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

$550 is looking very well defended. Dont think we will cross it on such low volume. Then again there's no reason for shotting back off to the moon either so I think a sideways day or so maybe in order. Unless some whales react and take advantage of the 'news'.



199. Post 5425082 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Quote from: seleme on February 28, 2014, 12:37:27 PM


Probably the second one, I mentioned it on Gox bankruptcy thread. It makes me wonder if it would be good thing to buy some GoxBTC if price fails more.

How would you go about recovering money then if Josh has all the coins? I cant see him receiving a sum of money and then sending out 100's of wires. Furthermore you don't know how long it will take and by the time you see any money the btc you spent could be worth more than the gain.



200. Post 5426468 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Unbeleivable, wheres the explanation, hell wheres the proof.

"Le bitcoins are lost, that is all" - MK

But seriously now its all out in the open what has he got to hide. Hes saying that someone hacked the system and but is unable to press charges for it, well then 'accidently' leak the persons details and we can maybe recover some coins  Wink



201. Post 5426650 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

I lol'd






202. Post 5426680 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Quote from: chrisLG on February 28, 2014, 02:10:54 PM
Of course this is bullish news - there are about 850.000 BTC less in the market than what the market thought: Everybody on Gox thought they had BTC - when in fact they didn't.

So the market now lacks those 850.000 BTC which means less supply at same demand... You do the math.

No there's not, if they were stolen then there is still the same amount of coins in circulation either off market or already diluted in the market.

The only time there is less coins is if the keys are lost.

Mt gox customers were trading and owned imaginary bitcoins



203. Post 5426898 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Quote from: chrisLG on February 28, 2014, 02:21:36 PM
Of course this is bullish news - there are about 850.000 BTC less in the market than what the market thought: Everybody on Gox thought they had BTC - when in fact they didn't.

So the market now lacks those 850.000 BTC which means less supply at same demand... You do the math.

No there's not, if they were stolen then there is still the same amount of coins in circulation either off market or already diluted in the market.

The only time there is less coins is if the keys are lost.

Mt gox customers were trading and owned imaginary bitcoins

Yes - but a lot of market actors actually have less Bitcoin than they previously thought (everybody with balances at gox). All those that want to replenish their positions will exert buying pressure on the market. Or am I missing something here?

But the majority of those actors who had particuarly large amounts of btc on gox were early adopters who arent going to go and drop 6 or 7 figure sums of money to replace their coins, not just because of the monetary costs but the loss of faith etc.

The other people who lost large somes of money will be daytraders and big investors who did it just for the fiat gains, they too are not going to go ah well lost 6 figures lets go buy some more.

The rest of the masses , who can afford to replace a coin or two , probably make up a much smaller percentage of the overall loss than most would think.



204. Post 5428285 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Im personally more in fiat than I have been in a while but fairly balanced overall, there is no way this news spreads around the world and the price shoots up. Once the whales stop supporting this price with the walls around 550 its gonna go down and quickly.




205. Post 5429174 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

20 million is pocket change, thats what people dont understand about how this si still super early stages of adoption. Once a few big players like this invest we're going parabolic again. When that happends though is another matter entirely !



206. Post 5432165 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Is stamp going to become a bot fest now gox is off?



207. Post 5433530 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Stolen coins have hit the market  Grin



208. Post 5434130 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Almost there ...



209. Post 5434142 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Destroyed in seconds ...



210. Post 5434318 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

I get the feeling the price is being held up and being dumped on by a few people at intervals.



211. Post 5435601 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

8000 BTC bids between $530 and $535



212. Post 5436318 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Someones messing around with ~3000btc adding and removing walls here and there...



213. Post 5436805 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Hmmm and I got flamed a few pages back for saying I think someones holding the price up and dumping at intervals...



214. Post 5445241 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Jorge they filed for bankruptcy protection.



215. Post 5445258 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Quote from: nakaone on March 01, 2014, 11:55:48 AM
for me there are two legitimate options regarding the "unavailable" coins

1) confiscation by some authority (most likely after all the stuff i read) - short and long term extremely bullish

2) he lost the private keys (even thogh supply is much shorter that is extremely bearish due to the public picture that even the oldest exchange cannot handle the technical issues around the currency, how should average joe do that?)

and one option that does not make sense

3) 840k (!) coins are stolen (without noticing), that is almost 1000 coins per day since the time mtgox is operating

1) Could you explain how the authorities, namely the US government, having over a million BTC is extremely bullish?



216. Post 5445731 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Quote from: shmadz on March 01, 2014, 01:18:30 PM
Jorge they filed for bankruptcy protection.

is this true?

I thought they filed for bankruptcy.

I don't know Japanese law, but I have seen a Canadian company go through a bankruptcy protection. Some people at the company were fired, some quit, some stayed... Within 2 years they were back to business as usual. Admittedly, I watched this from the outside, I have no idea of the internal workings of the procedure.

Yes it was bankruptcy protection, I'd imagine mainly because of the shit storm of class actions landing on their desk. In a normal business with products to sell or services I would agree with but at this point how to Gox plan on making back 850,00 BTC while having no btc? There's no business left other than the brand which at one point investors were considering buying but as soon as the non-disclosure of the lost funds was revealed the investors didn't want to touch it with a shitty stick. One of the investors told his story on reddit.



217. Post 5446814 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

This is so boring!!



218. Post 5447122 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Quote from: GreekGeek on March 01, 2014, 03:07:09 PM
"That same document also described fiat assets of $32.43m and liabilities of $55m. The assets include $5m “held by CoinLab” and another $5.5m “held by the DHS”. "

So $21 million in liquidity remains in Gox bank  to be disbursed to clients. How much will go back to purchase real coins!  Roll Eyes

Where's the $21M?

Assets - Liabilities = -$22.57M, hence the need for declaring bankruptcy.



$32.43m/$55m = 59%

theoretically this is what you get back

I wonder if the coins are included in the figures

I thought that the coins were included in the figures but at the closing exchange price. Ill have to try and remember where I read it.



219. Post 5447612 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Quote from: nakaone on March 01, 2014, 03:40:20 PM
http://pastebin.com/LPm3jBG7

fake?

hahahaha Read every second word.



220. Post 5448003 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Theres always a way to write an act that just about excuses violations of common law.



221. Post 5451801 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Quote from: JayJuanGee on March 01, 2014, 07:51:30 PM



IN my humble opinion... you are over calculating such biases in people... in some simplified version of the world... NO hating on you... ..

It is just that I see your view of human nature as WAY TOO simplified...   People are much more informed in terms of their actions and reactions than you give them credit... and they gamble based on their information.. .which may be correct or incorrect...  but it is NOT merely some wishful view of the world... as you make it out to be...   .. 





Your caps key keeps getting stuck, I think you should get it checked out. Oh and the full stop key as well.



222. Post 5462105 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

The low volume is concerning and a true indicator that the price isn't quite right. Like has been said if these were really 'cheap coins' then we would have people clamoring to buy them, I think the gox effect and the loss of faith of many early adopters, along with their funds will be felt for a while longer.



223. Post 5462742 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Quote from: gizmoh on March 02, 2014, 01:46:38 PM
The low volume is concerning and a true indicator that the price isn't quite right. Like has been said if these were really 'cheap coins' then we would have people clamoring to buy them, I think the gox effect and the loss of faith of many early adopters, along with their funds will be felt for a while longer.

I would agree if we were on a week day, but its sunday, lets wait tomorrow shall we?

Yes lets see but other than the hour so volume spike yesterday its been an average of 100/ hour for 2 days pretty much.



224. Post 5462755 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

If only you could short gox coin ...



225. Post 5463642 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Quote from: zerk89 on March 02, 2014, 02:51:52 PM
nope from now until june we are in a gradual climb to $800. July 1st-10th the spike to 5-9k peak will happen, then 3k~ to end of year for the next spike sometime April 2015.

And you base this on what ?



226. Post 5471066 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Quote from: Walsoraj on March 02, 2014, 10:10:20 PM
http://gawker.com/does-mt-goxs-ceo-have-a-secret-history-of-online-payme-1534752110

 Cheesy Cheesy Cheesy

The plot thickens.

Seriously if this is true its just hilarious.



227. Post 5473107 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Just a standard pump by the looks of it.



228. Post 5473161 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Someone who just wants to buy bitcoins doesnt just throw million dollar bids up.



229. Post 5473450 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.22h):

Yes is it may cost more to have that sized wall but the ratio is the important thing, the amount of btc on the exchange isnt really growing on a minute by minute basis so someone wanting to buy 10,000 btc is going to cause a bigger price rise than a 1500 btc wall, supply and demand



230. Post 5474009 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

lol were not even above where we were around 24 hours ago and as soon as that wall is pulled or eaten were back down to 560



231. Post 5478129 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

First time Ive been woken up by my price alarm in a week or so. Lets see where this goes but I have a feeling were going straight back down.



232. Post 5478955 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Well at least something exciting is happening  Grin




233. Post 5478985 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Where to from here then people, predictions ?



234. Post 5479077 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Cant wait till bitcoin is $10,000 each and a wall is a hundred coins.  Sure the really old timers where walls of 10,000+ were normal probably think the same about the walls today!



235. Post 5479140 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

The general bid size is increasing but support isn't really building behind that wall. Just like the one a few hours ago, once/ if it goes down were going straight back to 580.



236. Post 5479257 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: p0peji on March 03, 2014, 10:05:49 AM
see I am watching the bids increasing where the fuck this money came from ??!!!! was it all waiting out of the order book ? is it money that came today to exchanges ? I am so confused...

Well maybe it is someone (most probably the same guys pretending to be bears on this forum) who is longtime bullish on bitcoin and has lost his btc on mtgox. His funds might finally have arrived at the exchanges.

You being serious? You really think someone who just lost a significant amount of money on gox just turns around and drops 2 mill on some more coins?



237. Post 5479323 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Either way no one can moan about it being boring today  Wink



238. Post 5479350 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: Rampion on March 03, 2014, 10:11:30 AM


So, IMO the big question is not "if" they knew they were short of customer's money because it is painfully obvious THEY KNEW, the big question is: WHERE DID THAT MONEY GO???

$5.5M are held by Department of Home Security (the "Dwolla situation") and $5.3M by Coinlab, that's clear. But where did the rest of the money go, as they are claming they have a hole of $22M? We need to factor in that they have made +$10M in trading fees during the last year, so in reality the missing money is at least $32M...

Crazy stuff, you really can't make this shit up.

This is one of the things I dont understand. Yeah okay missing bitcoins could be stolen etc, but where did all the cash go. I bet they received at least 2-3 million in fiat after they shut btc withdrawals and the price crashed. One guy on here sent 800k alone then there was the other guy who sent 55k. It beggars belief it really does.



239. Post 5479414 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: porcupine87 on March 03, 2014, 10:16:50 AM
Starting to struggle now - not many people seem willing to put their bids in front of the wall at this price

Not really. Here and there 50+ btc buys and the bid wall at 602 has increased by 200btc or so a minute ago.

When I look at the volume at btc-e and support to minus 20$, I think the wahles moved to Bitstamp, not btc-e


That would be likely, no ones going to move to move millions to btc-e. You think gox is bad but if btc-e shut down and ran there would be literally no reprucussions and you would never hear from them again.

Oh and I'm sure this guy has unlimited fiat!



240. Post 5479451 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Would you look at that. Panic sell time !!



241. Post 5480237 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: seleme on March 03, 2014, 11:22:54 AM
Nobody should get proud on themselves yet. I bought some 50-60 coins in last half an hour but this is in no way clear where we are heading yet.

If you guys could just dump ltc/btc to 0.015-0.018 I couldn't care less what btc price is  Grin

Agreed we don't know - but it's not a time to be anywhere near full fiat (for me).

As for LTC, not much fun trading it lately - think it's actually cost me.  Alts have been pretty grim of late - too many of 'em - full time job to keep an eye!

I lost 15 BTC on alts lately and hold some where I'm in at least as much losing positions. I hoped for another week or two of drops to continue, it would be time to buy lot of them but we might not see it if BTC rise.

You seem to be very in to your alts, what sort of alts are you buying/ seeing potential in at the moment?



242. Post 5480329 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: seleme on March 03, 2014, 11:34:46 AM

I don't do any potential alts, I just trade on historical lows and highs range. I lost these trades because I was trading some newer alts when it was too early to figure out that range. The ones I haven't sold but am in unrealized loss are ones where I wrongly anticipated some events that never happened and bought pretty high.

Fair enough, there's just too many to keep up with for me and the thin books on a lot of alts mean that you can quickly find yourself on the wrong side of a trade if someone with just 20 btc feels like pumping it a bit. Do want to start looking at trading some as well as the few that I'm holding.



243. Post 5480452 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Dude, some of us are at work...



244. Post 5480500 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: mmitech on March 03, 2014, 11:49:31 AM
Seriously guys, stop posting these images, I wont be able to open this thread at the office....

Or at least post some sort of warning ha!



245. Post 5480598 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: San1ty on March 03, 2014, 11:54:01 AM
Actually those pictures won't screw you over at the office. Bitcointalk proxies them, and most offices just look at offending domains.

And that stops the boss seeing from the other side of the office how exactly ?



246. Post 5480885 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: San1ty on March 03, 2014, 12:14:17 PM
Actually those pictures won't screw you over at the office. Bitcointalk proxies them, and most offices just look at offending domains.

And that stops the boss seeing from the other side of the office how exactly ?

If you have your boss staring at you 24/7 yeah then that won't help you. But is he OK with you checking bitcointalk.org all the time then?

A wall of text on one of my screens is completely different to an image of a bird in her underwear really. He's not watching 24/7 and is actaully a good freind and being a developer means I get a fair amount of free time in the day, its just not appropriate for a work place and takes more explaining when the super femenist accross the office pipes up  Wink



247. Post 5481018 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Rampion, I would be interested to know what jobs you have worked in where it's acceptable to look at shit like that. Im in the Uk as well so not the US. I think its obvious, non-work related stuff is not allowed, looking at a wall of text on a forum is not obviously non-work related whereas someone in their underwear is obviously non-work related. Lunch times and breaks are a different matter.



248. Post 5482901 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

The market really isn't ready to move up in the way i thought it may be given the oppurtunity. In the last 12 hours we've seen serveral ~2000BTC buy walls cause a raise in price but hardly any panic buying and not much support filling in behind it.



249. Post 5483257 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: seleme on March 03, 2014, 02:56:13 PM
So, what's consensus here, do we still trust this run?

I kinda never did it wholeheartedly and it doesn't look like I'll do yet. I think I'm just going to wait for another 30-40$ at least to enter. That's not big difference in long run.

The buying didnt look that organic and there wasn't many people rushing up with support, felt much more like a whale who decided it was around the time to enter and attempted to get a rally going at the same time. It made no sense, they could have got in much cheaper staggering buys and not pushing the price up in the same way. Whoever it was ended up paying ~$10 for some of the later coins just because they wanted a big immpressive wall. They easily lost 10k-20k moving the wall up like that.



250. Post 5483365 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Someones hungry

EDIT: its gone



251. Post 5483501 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

It looks like the most obvious pump. This wall isn't moving up like the last one. I reckon its the same person trying to keep the price moving after he bought alll those coins earlier.

EDIT: Scratch that!



252. Post 5483627 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

The bull whales are getting bored sitting in fiat, clearly.



253. Post 5483648 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: MoreFun on March 03, 2014, 03:25:58 PM
I seriously don't have idea what to do here

Personally ..what you said earlier...leave the guns in the holster til' 620 min... I mean we've flirted with 620 before.. we break it we'll probably stay above it for the week.

Yeah, I'll probably do that.

Still feel bit pissed I sold 60 coins I bought earlier today literally less than a minute before he had put this last wall. $1k opportunity lost so far in 10 minutes  Angry

I have a feeling it's rpietila and his gang from other forum that are doing this.

Better buy now, $620 will fall. This guy is not a joker. Not sure if $620 will hold.

lol and how many coins has this wall actually bought?



254. Post 5483700 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: MoreFun on March 03, 2014, 03:28:50 PM
I seriously don't have idea what to do here

Personally ..what you said earlier...leave the guns in the holster til' 620 min... I mean we've flirted with 620 before.. we break it we'll probably stay above it for the week.

Yeah, I'll probably do that.

Still feel bit pissed I sold 60 coins I bought earlier today literally less than a minute before he had put this last wall. $1k opportunity lost so far in 10 minutes  Angry

I have a feeling it's rpietila and his gang from other forum that are doing this.

Better buy now, $620 will fall. This guy is not a joker. Not sure if $620 will hold.

lol and how many coins has this wall actually bought?

With this wall probably 10k in 12h.

No, this wall has bought nothing, this is what happens with such thin books. Stick a million up and let everyone else pile in front, this will get dumped at some point.



255. Post 5483773 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: darklight on March 03, 2014, 03:32:39 PM
I seriously don't have idea what to do here

Personally ..what you said earlier...leave the guns in the holster til' 620 min... I mean we've flirted with 620 before.. we break it we'll probably stay above it for the week.

Yeah, I'll probably do that.

Still feel bit pissed I sold 60 coins I bought earlier today literally less than a minute before he had put this last wall. $1k opportunity lost so far in 10 minutes  Angry

I have a feeling it's rpietila and his gang from other forum that are doing this.

Better buy now, $620 will fall. This guy is not a joker. Not sure if $620 will hold.

lol and how many coins has this wall actually bought?

With this wall probably 10k in 12h.

No, this wall has bought nothing, this is what happens with such thin books. Stick a million up and let everyone else pile in front, this will get dumped at some point.
Previous walls got totally eaten

Who said anything about previous walls? Are you telling me that all the walls in the last 12h are from the same person?

Disclaimer: Im mainly full btc but this isn't real growth this is someone making some cash.



256. Post 5483961 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Watching Huobi is enought to fry your brain!



257. Post 5484230 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

BTC-e looks like its about to fall off a cliff as does China, most the support around here was the guys own walls. Back down we go and panic selling ensues.



258. Post 5484266 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: njcarlos on March 03, 2014, 04:00:24 PM
BTC-e looks like its about to fall off a cliff as does China, most the support around here was the guys own walls. Back down we go and panic selling ensues.
Amazing how one guy can turn a bunch of bears "100% bullish" with a little capital? Tongue

Its hilarious  Grin



259. Post 5484335 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Saying that though, wait till he comes back with another million  Grin



260. Post 5484880 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: RoadStress on March 03, 2014, 04:34:50 PM
Where is the guy that was happy to send 50k$ via OKPay to MtGOX? How are you feeling now and what are you doing to recover your money?

He lost alot more than that. Over a 1000 coins, he hasnt been around since.



261. Post 5485345 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: KeyserSoze on March 03, 2014, 05:01:14 PM
Can't recall his username. He posted it on the "How much you lost on Gox" thread somewhere on services forum.

TheKoziTwo?

Yes it was him.



262. Post 5486288 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Holy shiiiiiiiittttt



263. Post 5486384 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Bitcoin, Ive missed you so bad!!



264. Post 5486644 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

The most perfect pump and dump known to man. Glad I shorted everything with leverage above 700



265. Post 5486814 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Stamp is goxing us with this lag!!!!



266. Post 5486895 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

China not following... Back down we go ?



267. Post 5487309 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

If only you could get money to china and btc out in less than 5 mins  Grin



268. Post 5487379 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Time for another short?



269. Post 5487488 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Do we reckon this detachment from China will continue ?



270. Post 5487657 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Yeah definitely not missing fonzie !



271. Post 5487900 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Is anyone noticing whether the guy adding and removing the walls is doing the same $ amount or the same btc amount?



272. Post 5488171 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Some very naughty candle porn after the last few hours events  Grin



273. Post 5488270 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

How long until we see some arb from china ??



274. Post 5488531 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Stamp is really fucking this one up.



275. Post 5488891 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Look at how long its been since the last block



276. Post 5489154 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Imagine if the whale buying earlier was some hedge fund type apprentice who had been instructed to buy btc for x amount because he was young and the dinosaurs didn't understand it. Can just imagine him now sweating it out trying to trade this!



277. Post 5489195 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: porcupine87 on March 03, 2014, 08:09:03 PM
Almost 50 minutes since the last block. No wonder you didn't get a confirmation yet.

Hm only 4 blocks the last 2h. And over 4000 transactions are waiting. The last 6 blocks had a average of 932 transactions...

Its been a whole hour since the last one...



278. Post 5489238 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: mmitech on March 03, 2014, 08:16:09 PM
what is the guy who dumped the 10K BTC was buying back and that was that whale ?

lol what did he dump it down to again?



279. Post 5489680 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

So was that a bear trap or is this the bull trap ?



280. Post 5492553 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

I think its fair to say a good chunk of fiat was spent today off of stamps order book. 16.9 mill even with the price increase.



281. Post 5499827 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: MAbtc on March 04, 2014, 06:25:48 AM


I think this is the news that blockchain.info ceo was hinting at.



282. Post 5500681 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

What we thinking then, more choo choo's today or some healthy consolidation?



283. Post 5500872 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

BTC-e about to overtake stamp as well. The spike yesterday still feels abit artificial although I didn't mind riding it all the way up, wouldnt be suprised to see a drop at some point

EDIT: and its passed it.



284. Post 5503003 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: ChrisML on March 04, 2014, 11:36:18 AM
Just got some great news. Got a refund from €8560,- by a broker. I've lost this 2 weeks ago by trading MTgox, seems my stop loss didnt work out by the cause of a maintenance, and it wasnt my fault afterall.

Thats super lucky, who were you trading with ?

Can feel a mini choo-choo brewing.



285. Post 5503049 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Can you trade usd to ltc on btcchina?

Wouldnt it be mad if the chinese adopted ltc and drove the price nuts.



286. Post 5503089 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: seleme on March 04, 2014, 12:08:02 PM
Shit, I was too greedy waiting for lower LTC, bought only 300 at 0.0213

Bought some on your advice yesterday so thanks for that Smiley



287. Post 5503259 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: koryu on March 04, 2014, 12:14:43 PM
Can you trade usd to ltc on btcchina?

Wouldnt it be mad if the chinese adopted ltc and drove the price nuts.


they trade cny/ltc. currently its Ĩ110.00/LTC, as far as i know you can only deposit CNY on btcchina.

Thanks, I did mean CNY as in can they trade fiat/ltc was thinking that if they could only trade btc/ltc then it may explain the reason for some of the btc rise.



288. Post 5503567 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: mmitech on March 04, 2014, 12:37:41 PM
I am so fucking angry, I decided to buy around 1500 LTC today when I saw it was around 0.022, I sent my BTC to BTC-e and I was waiting for confirmations, I had 3 confirmations already but they didn't credit my account, went to smoke a cigarette and drink my coffee came back to see LTC at 0.025 !!!! WTF !!! I was so fucking angry, I didn't know what was happening looked at news and just to see BTCchina adding it... ok I had 7 confirmations and still didn't get my account credited, I went to smoke another cigarette came back the price was at 0.0265 then I got credit and bought at 0.026


I was thinking about buying yesterday, but I didn't do it.... now I am going to hold for that 0.05 Wink

Your lucky it got there at all, you must be in the % of customers earmarked by btc-e to not fuck over  Wink



289. Post 5503619 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: seleme on March 04, 2014, 12:21:52 PM
Shit, I was too greedy waiting for lower LTC, bought only 300 at 0.0213

Bought some on your advice yesterday so thanks for that Smiley

Nice Smiley

But this rally ended my dreams of buying 20k LTC, I was hoping for another November when it went deep into 0.01s  Cry

Unlucky, least you get to ride the train with whatever you have so far, coulda been the guy selling at the bottom Smiley



290. Post 5504742 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Quote from: mmitech on March 04, 2014, 01:46:14 PM
I am still wishing for a day where I can buy my BTC and LTC at one professional exchange like Bitstamp...

You could use bitfinex?



291. Post 5504748 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

Will we break 700? Strong support and building at 700.



292. Post 5505990 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.23h):

700 wall is growing. The rest of the markets are pushing stamp right up against it but it doesnt look like we're going to break through in the immediate future.



293. Post 5506761 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

I do agree that gox coins are being replaced at the moment, however I think it would be easy to over estimate how many coins are being replaced for a number of reasons;

1) out of the 750,000 customer coins I guarantee a good portion are early adopters, these are the people who saw the potential earlier fully beleived in btc and didn't sell or trade any. These accounts will also have a significant more % of the total coins.

2) People dont tend to loose life changing amounts of money and then jump back out and throw more money at  it.

3) From the issues that mtgox had with trying to spend coinbase coins (< 100 confirmations) we can see that a lot of miners mined straight to their gox accounts. They are unlikely to go and buy more coins they will just carry on mining.

4) There are the people also who had literally all their money in btc and simply cant buy back any.

This is obviously mitigated by the fact that a small percentage of coins are actually traded or on exchanges at any one time and even if 10% of the gox coins are replaced thats going to cause a good surge in the market.




294. Post 5506876 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: gentlemand on March 04, 2014, 03:55:33 PM
Bloomberg = https://rtbtc.com maybe?

Now branded as Zeroblock trading platform.

That actually looks pretty sweet.



295. Post 5507095 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Its up next if anyone isnt tuned in

http://www.bloomberg.com/tv/



296. Post 5507215 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

incoming dump!!



297. Post 5507345 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Mobile and across multiple exchanges is kinda sweet, still not paying.



298. Post 5507522 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

I think Jorge's a bit annoyed he missed the train, we tried to tell you  Wink Grin



299. Post 5509410 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

If we dont go up from here then we're still in the main downward channel from the ath. We need to break this to confirm a true reversal



300. Post 5509851 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: MoreFun on March 04, 2014, 06:31:08 PM
Wtf was this on bitstamp $634 sale order, also minimum on bitstamp when order book is full.

Yeah I'm seeing this on wisdom and was wondering if anyone else could see it. Was going to say, should have had a fair few orders filled on the way down there  Wink



301. Post 5509924 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: hdbuck on March 04, 2014, 06:28:33 PM
If we dont go up from here then we're still in the main downward channel from the ath. We need to break this to confirm a true reversal


everything's on track tho Wink

-> https://www.tradingview.com/e/eKyhwaqZ/

Don't disagree I'm almost full btc again so would like us to go up just throwing it out there. We've gone up over $250 in a couple of days would hardly be surprising to see a significant pull back.




302. Post 5510012 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: MoreFun on March 04, 2014, 06:40:07 PM
Two orders went through

{"date": "1393957577", "tid": 3913507, "price": "633.64", "amount": "12.23303074"}, {"date": "1393957576", "tid": 3913506, "price": "633.64", "amount": "0.14733528"}

Oops, the start of the next goxing haha.

Lucky person.



303. Post 5522018 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Four hour MACD about to kiss on stamp. Will be interesting to see if the bid sum goes up at all today, the asks around 700 have been building up as well.



304. Post 5522744 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: magicmexican on March 05, 2014, 11:04:32 AM
I pm'd Mark on irc, asking if he is working on re-opening the exchange and he said yes.

Did not expect that he would react to my questions

How does he plan on opening an empty exchange? I'm sure people thought he would try and open it if all the funds werent gone but at this point just how does he plan on running an exchange with no coins that has just been plastered over the news as the bankruptcy of bitcoin a long with all the stories of peoples lives ruined by this.



305. Post 5523160 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

I know bitpay is a positive for the community but it is far from an ideal solution.

Twice now Ive tried to pay for things with bitcoin in the last month and both those times the bitpay invoice expired before receiving the coins. So when emailing the company your trying to pay they just say you need to get in touch with bitpay. Is this not a bit ridiculous where the purden of sorting this out falls upon the customer? Surely businesses set up with bitpay should have some sort of support system deal that allows them to speak to someone at Bitpay and not have to wait around. The situation as it is however involves emailing bitpay yourself and that takes forever just to get a reply.

Hardly ideal when your trying to buy a pizza...



306. Post 5523252 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: F-bernanke on March 05, 2014, 11:47:25 AM
I know bitpay is a positive for the community but it is far from an ideal solution.

Twice now Ive tried to pay for things with bitcoin in the last month and both those times the bitpay invoice expired before receiving the coins. So when emailing the company your trying to pay they just say you need to get in touch with bitpay. Is this not a bit ridiculous where the purden of sorting this out falls upon the customer? Surely businesses set up with bitpay should have some sort of support system deal that allows them to speak to someone at Bitpay and not have to wait around. The situation as it is however involves emailing bitpay yourself and that takes forever just to get a reply.

Hardly ideal when your trying to buy a pizza...

Yes, pay on time, not via an exchange...

The 15m window is in place to avoid the volatility risk.

I didnt pay off an exchange but it seems that things have improved since last time this happened. Although it expired I just received an email saying payment was accepted so all good I suppose. Still, its very off putting to prospective adopters if when they are trying to pay with btc if there is a problem they can't deal with the company they are paying.



307. Post 5524579 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

This is the explanation from Bitstamp if you cant be bothered to head to their thread  Wink


Quote from: hazek on March 05, 2014, 12:19:39 PM
Can anyone explain that trade that came out of the api at $633  over 3000btc below the bids?

This was a single event glitch that happened during an update being rolled out to our live trading engine. The update is now deployed and the trade engine is functioning normally.



308. Post 5524696 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: KeyserSoze on March 05, 2014, 12:47:09 PM
Hardly ideal when your trying to buy a pizza...

I had this happen around the holidays once. I had already made quite a few purchases with no issues. Weeks later I tried to make a large purchase at Gyft and it timed out. It was kinda scary. "Did I just lose $1000?" I contacted Gyft and they replied quickly however it took a few days to get refunded. So, loss for Gyft (in that they lost my business since I didn't rebuy), loss for me (since I was trying to get Gyft's extra % discount only available for 24 hours).

It definitely made me wonder how practical it was. It certainly made me realize it couldn't be "the currency of the internet" if it had this many problems being used on the internet. I hold out hope the tools to use it will improve.

Did gyft try and help you out or did they just fob you off to bitpay? I was paying for my vpn at https://www.privateinternetaccess.com and the reply I got was simply not our problem. As I said though it rectified itself which is always a plus but very disconcerting.

On a side note the support guy tried to tell me that the issue was due to me copy pasting the address rather than scanning QR code or hiting pay with bitcoin (which opens local client) he didnt seem to understand that it was three methods of doing the same thing but was more than happy to learn.



309. Post 5526258 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: Blitz­ on March 05, 2014, 03:01:53 PM
Bitstamp leaked their customer email addresses by the way, that's why all the new phishing attempts. Reminiscent of Emptygox 2011. Fuck all the operating major Bitcoin exchanges.

This is just getting stupid. After Im confident of the reversal and fairly sure its choo choo time Im getting all of my funds off exchanges and not trading until im confident in a competent exchange.



310. Post 5526390 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: JorgeStolfi on March 05, 2014, 03:14:11 PM
Ok so the last hour i did some reading on random news sites and forums etc.
I've seen some hate against Bitcoin in the past but the stuff i read today! It looks like everybody who doesn't actually own any coins hates it! [ ... ] I'm actually a bit shocked. I knew it was bad but this bad?

Is that hate directed at bitcoin itself?  I believe it is directed at the bitcoin pushers and hypers.

The message they get across is "if you don't invest in bitcoin, you must be very stupid indeed".  Well, guess what, people don't have much love for those who call them idiots...


A lot of the hate is directed at the bitcoin USERS. You cant shout at bitcoin itself and mock bitcoin can you? The point is, that the level of hate and mockery directed at the users is a cult in the same way that you describe bitcoin pushers and hypers, if people are so sure its going to fail and its all a big Ponzi why not get on your merry way and be happy in the knowledge that you avoided the financial turmoil.

But thats not what people do is it? They take to the internet with told you so's that the bitcoin users couldn't give two shits about. I mean look at the price why would anyone in bitcoin care that all the people who missed out and were crying at $1100 are about to miss out again?

 If someone is expressing their pov after at least basic research on the topic then they deserve an ear but people screaming from the rooftops "Bitcoin is bankrupt" or "The CEO of bitcoin took everyones money" rightly deserve the disdain from members of the community.



311. Post 5526433 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Funny thing is as more and more people pull their coins off exchanges the supply will begin to dwindle  Wink



312. Post 5528063 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

    Yeah thanks for that mmitech, I too have been concerened with the upload ability with the support tickets but its good to know the feelings of someone who has even spoken to these guys.

   The thing to think about though is these slight vunerabilities absolutely and categorically should not be present. These exchanges are dealing with hundreds of millions of dollars there is no excuse for not having seperate support servers, updating people when there was an obvious glitch and pushing out updates to a live environment. If they cant invest a small % of the HUGE amounts of money they are making then it beggars belief, it gives the whole industry a cowboy look because at the end of the day these exchanges werent built by financial programming experts and aren't run by people qualified to run global business' that deal with such vast sums.


    All the current exchanges will be dead in the water once a US based proffessional exchange is released. There is literally no reason to continue to use bitstamp et al once this happens. The only exception really is btc-e who will continue to cater for the people not prepared to give out any identification.



313. Post 5528632 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

I do agree with you, I'm not in the US so definately can relate to the not trusting the US bit. To be honest though I shouldn't have really put US based exchange I should have just put proffesional, insured and written by people who know what they're doing. That represents my point a lot clearer.

Bitstamp is a UK business anyway  Wink



314. Post 5529587 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: KeyserSoze on March 05, 2014, 05:35:32 PM
Hardly ideal when your trying to buy a pizza...

I had this happen around the holidays once.

Did gyft try and help you out or did they just fob you off to bitpay?

Gyft took care of it and refunded.

Thats a positive, my main grievance was the way they just replied saying speak to bitpay, goodbye.



315. Post 5536609 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: billyjoeallen on March 05, 2014, 11:57:08 PM
in opportunity costs, it's well north of a billion. Millions of unpaid man hours of work. I don't think it's legit to count opportunity costs, because that's not how infrastructure costs are usually calculated.

Definitely, especially when you think of all the unpaid man hours at the beginning of Bitcoin were from men at high levels of ability and would command a decent hourly rate.



316. Post 5537219 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: adamstgBit on March 06, 2014, 12:42:35 AM
Probability of break out in the next 4 hours: 55.6%



Dont say that I need to try and go to bed soon  Grin



317. Post 5544272 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Walls building up on either side of the current price, which way do we think this is going??



318. Post 5545049 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Take it most people have seen this newsweek article ?


 http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html



319. Post 5545213 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: Nemo1024 on March 06, 2014, 12:09:04 PM

Can someone post a re-print?
I clicked on the link and got "You have reached the limit of 5 free articles a month" even though I never visited their site before!

Way too long to quote

http://pastebin.com/6HeKuibE



320. Post 5545305 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

If its true I'm really disapointed.

How long till a daughter gets kidnapped for ransom or something similar. In fact if its not him the hassle about to land on this guys head is unfathomable.

The strangest thing to me is that he goes on about him being a private secretive man so why would he use his real name?



321. Post 5545697 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Gavin twitter update

https://twitter.com/gavinandresen/status/441547758827474946



322. Post 5545784 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: raid_n on March 06, 2014, 12:47:13 PM
.

If this man is indeed Satoshi he can only flee from potential robbers by provably removing his wealth.

Right, because the only way to protect yourself when you have a billion dollars is to sell them? Not move somewhere people really wont find you with armed guards etc



323. Post 5545925 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Why would he have to destroy his btc to protect his family?

In general terms he's not that rich...



324. Post 5546272 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: Blitz­ on March 06, 2014, 01:02:56 PM
Why would he have to destroy his btc to protect his family?

In general terms he's not that rich...
Because he probably holds the keys himself (do you think he would trust a bank's safe deposit box or anyone but himself?), and thus could easily be targeted. Torture, kidnapping, blackmail. It's like he's storing hundreds of millions of dollars in cash in his home, and everybody knows about it.

What about litecoins creator? He doesnt seem too bothered about being in the public eye. There are ways to protect yourself that don't involve burning millions of $.



325. Post 5547439 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

The article also states that the person theyre talking to is recovering from a stroke and prostate cancer. If its not satoshi then it's criminal the extra stress and anxiety to put on an ill man. In fact that goes both ways whether it is him or not.



326. Post 5548321 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

To get us slightly back on topic... If this 'news' effects the price then people are more retarded than what I first thought  Wink

I also think it demonstrates that we have been primed for a small drop since we shot up so quickly and now people are looking to sell on nothing news.



327. Post 5548720 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Gavin just cleared up what he meant in #bitcoin-dev

<gavinandresen> you can just ask me what I meant.... I meant publishing personal details about somebody who doesn't want them published is immoral.



328. Post 5549559 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

I know. This person doesnt even capatalise the beggining of sentences.

Max Keiser seems to be doing his usual self congratulatory bullshit routine tweeting about how he's had the reporter on his show before. That guy is a top tier penis.



329. Post 5550597 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

There is no way that someone who took privacy so seriously would use his real name.Read his old posts and you see how up on privacy and encryption he was.

 He even bought bitcoin.org anonymously!




330. Post 5550653 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: KeyserSoze on March 06, 2014, 05:10:09 PM
Satoshi playing CCMF:



How long before someone Photoshops the Bitcoin symbol onto his hat?

His hat? Nah, straight on the front of the train CCMF!



331. Post 5558367 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.24h):

Quote from: derpinheimer on March 06, 2014, 11:54:26 PM


Also, bitcoinwisdom is absolute garbage and I wish people would stop using it.

I too have noticed that bitcoinwisdom reports very incorrect order sums. What site would you recommend to get a correct view of the books?



332. Post 5570307 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

The bear trolls are returning, this is a bad sign  Grin



333. Post 5570322 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Small wall alert!!



334. Post 5571521 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Big bid wall just removed from $620.



335. Post 5573156 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Yeah plus alot of the people who would get gox btc back would probably wanna get the fuck outta dodge



336. Post 5603863 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Looks like the normal sunday pump has started  Grin



337. Post 5608032 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: fluidjax on March 09, 2014, 06:02:45 PM

Data reveals:
Largest  balance is 44K BTC which has not been accessed since 13/7/12
Next largest is 43K BTC last accessed on 25/2/14
It continues with 10 more  5000+ BTC balances where the accounts have not been accessed 2012.




Wow, that is so sad. Thats an absolute fortune  Embarrassed



338. Post 5619207 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Yes it is strange, its a lesson in how to do it though, rather than jsut market sell and let it rip through the book!



339. Post 5619487 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

A random dump then or are we generally heading down to start the week off?



340. Post 5619662 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: PoolMinor on March 10, 2014, 10:11:02 AM
Is this normal to not show any lower bids?




Bitcoin Wisdom is just generally fucked and never reports the right volumes.



341. Post 5619735 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

I think its safe to say were on our way down. Any one remember what happened after the last person sold 10k!



342. Post 5619757 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: TERA on March 10, 2014, 10:19:33 AM
Any reason for this dump or just mindless dumping because everyone else is?
2K BTC is nothing. That's not a "dump". The real problem is that there is nobody buying.

Yes and look at the bid sum on Stamp, it has been going down over the last week or so and is now sitting at just 12 mill



343. Post 5620067 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Its just so easy for early adopters to manipulate the market on such low volumes.

You can almost guarantee that the wall will return...



344. Post 5628085 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Make that 10000



345. Post 5628498 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: threecats on March 10, 2014, 07:53:21 PM
suppose that's him hoovering up all the coins at 619.17?

i don't get it. he has bought 300+ btc in five minutes but he could have dropped the market another 30 - 40 bucks and gotten the same result.

Your presuming its the same person ?



346. Post 5628711 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

1000 coin dump on fenix



347. Post 5637620 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Another boring morning in bitcoinland then. No walls to observe, no trains to post  Angry



348. Post 5637899 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: koryu on March 11, 2014, 09:58:17 AM
Another boring morning in bitcoinland then. No walls to observe, no trains to post  Angry

ltc is a bit more interesting today Smiley

I know! never thought id be sitting here with more ltc charts open than btc. Even reading up on some new alts...



349. Post 5638215 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: Le Happy Merchant on March 11, 2014, 10:15:39 AM
If you meet a stranger somewhere in the wilderness, what is your first thought? Kill him and steal his boots?

My first thought is 'I wonder if I can keep this guy from killing me for my boots'

Isn't defence (flight) or attack (fight) the most basic human instinct. So both of these are just natural instincts.



350. Post 5638371 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Also for anyone who hasn't seen this the famous 1933 1's address has been moved for the first time since november 2012.


https://blockchain.info/it/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a



351. Post 5639248 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: flynn on March 11, 2014, 10:53:33 AM
If you meet a stranger somewhere in the wilderness, what is your first thought? Kill him and steal his boots?

My first thought is 'I wonder if I can keep this guy from killing me for my boots'

Isn't defence (flight) or attack (fight) the most basic human instinct. So both of these are just natural instincts.

I'd put greed and sex far before fighting.

Yes, but in the situation of meeting a stranger in the wilderness and deicding whether Im gonna steal their boots or run away to stop them stealing mine then fornicating is probably not my first instinct in this case.



352. Post 5639566 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: Yololintian on March 11, 2014, 12:18:43 PM
10k bfx wall is back

They obviously do not want to sell and I am betting they are using a pretty high amount of margin to execute it. The fact that weak hands are actually selling because of it is sad. 
I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.

I just do not believe any major walls that are placed on BFX compare to BSP. With margin and being able to short on BFX most of the time any walls that are placed on BFX will be pulled once it simply gets near the price. I do not even think BFX has that many coins sitting on their BSP account to sell that many coins. If he was willing to sell that many coins, it would completely wipe out BFX's order book like every time there has been a spike. There is a reason why that wall has been holding for so long on BFX compared to if it was placed on BSP. There really aren't any major players on BFX like BSP wanting to even remotely buy that many coins.   
BFX has grown significantly and I think its comparable in size to btc-e, not counting litecoin or other alts. BFX doesn't need coins on their BSP account; they have more than enough on their own books. You really think someone is shorting 10k btc on max leverage on bfx when someone could easily buy a large chunk if not all at once, especially now since they have had a lot of time to get their money ready and think about that decision? They could lose a few million very fast if someone does decide to buy into that wall, given that they are shorting. We can speculate about whether or not there are major players on bfx and its hard to tell, but I think there are now just because it is the best way to short bitcoin, which has attracted many traders. No one would risk so much money by shorting 10k btc on the assumption that no one can or will buy into their wall. The reward of possibly buying at most few hundred slightly cheap coins is nothing compared to that risk. And the fact that this person is advertising the wall, putting it for a few hours every day, suggests that they are trying to sell the coins.

Agree, nobody risks being called on a short like than in a stagnent market on high leverage. I too beleive its an advertisment for a sale with no slippage for either party. 



353. Post 5639591 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: ardana123 on March 11, 2014, 12:19:17 PM
Just received this one:

Quote
Hello!
We inform you that you scan the downloaded document # 14327223 http://ge.tt/api/1/files/355v3rP1/0/blob?download can not be verified for the following reason:
-Specified in the certificate data in a language other than the language passport data
Please provide a new file to check.
Sincerely,

Representative Director
BTC-E Co., Ltd.
Shibuya-ku, Tokyo

Was that spam or are you actually sending id docs to BTC-e?



354. Post 5640044 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: ardana123 on March 11, 2014, 12:43:24 PM


LOL what do you think...
It's funny they use the Gox address though while they're impersonating BTC-E, as if the creators of scam e-mails don't even want to put in the effort to make a decent one. I mean come on.

Tbf i didnt even see that! Just glanced at it and shook my head. Whether it was legit or not I think thats the right course of action.



355. Post 5640449 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

I think this guy listened to your doubts and is now building his wall up on stamp.



356. Post 5640656 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: podyx on March 11, 2014, 01:43:12 PM
tons of fucking support doe

For now, its amazing how quick it disapears when the price starts falling through it.



357. Post 5640769 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Also I know most people aren't interested but DOGE is seriously crashing right now.



358. Post 5641752 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.25h):

Quote from: NotoriousBIT on March 11, 2014, 02:49:52 PM
Dogecoin will survive.

On another note. I am starting to get sick of these price ranges of BTC.

Lets get some action.

once that meme popularity is over the dogecoin will die hard, kids jumped on only because of the meme is familiar to them, the price went up then other people saw an opportunity to make some some profit, everyone will get sick of that meme, there is no technical improvement or a new feature or anything that can keep that coin going. no development whatsoever.

marketing with that meme thing was a great idea but we all know that wont last so long Smiley

I believe in DGC.  I jumped on because of the huge community.  I believe it is second only to Bitcoin right now?  Not really worried about the current crash.  It has been this low before and I just hit myself for not buying in time.  It will be alright long term.

Sorry to burst your bubble but doge is not second only to bitcoin, the community will not be around once the meme dies and it won't be alright long term. Can you point me in the direction of what doge has going for it to counter the ridiculous inflation, the fact that it brings nothing new at all and its core user bases average age is probably about 16-18?

Oh and I presume you know that DGC is digital coin not doge. Have you even been buying the right coin  Wink



359. Post 5643155 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: koryu on March 11, 2014, 04:13:33 PM
Also I know most people aren't interested but DOGE is seriously crashing right now.



haha, but its going up again... such rally, wow Grin

Its the dead dog bounce Wink



360. Post 5655869 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: Asrael999 on March 12, 2014, 08:48:58 AM
Apologies if this has already been posted or opened up for discussion - but what do you all think of the NY regulators proposal to accept applications for regulated bitcoin exchanges in the US?

http://www.dfs.ny.gov/about/po_vc_03112014.pdf



I think its interesting and a definate positive if it passes. However as was mentioned in a conversation here a week or so ago on the face of it the feeling is that your money would be safer etc etc but with American KYC and AML plus the willingness for the US government to seize assets it may still not be a very safe option.



361. Post 5657230 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

billyjoeallen: Adding to that I think people underestimate how social we are as creatures and the way in which we want to be potrayed to both friends but in particular prospective mates.

I think that this would lead to more competition in a voluntary society than there is present day society. I also feel that in that case people try harder to suceed due to seeing much more in return for said contributions. Feeling like you are a contributing member of society does wonders for social mobility , which lets be honest, is a huge side effect of the current economic systems.



362. Post 5673756 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Do something bitcoin!

Cant wait for this train to take off so I can go back all in, place my trading stash in cold storage and step away from he charts for a few weeks .



363. Post 5673806 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: oyvinds on March 13, 2014, 10:21:25 AM
I suppose this is their new exchange
https://atlasats.com/

Be skeptical to this atlasats thing. The MarketWatch "article" has the guy behind it bragging about their own network and blah blah. Meanwhile, it's hosted on Amazon EC2. Amazon EC2 is mostly used to host scams, spambots and that sort of thing. Anyone who runs a webserver will tell you that their logs are full of attack attempts from Amazon EC2, your best of putting a -j DROP on their entire IP-range.

In other news, Crayon Pop is about to release a new single: http://www.soompi.com/2014/03/12/crayon-pop-takes-off-helmet-and-dons-hanbok-for-upcoming-new-single/#.UyGHF3XZKXl

Are they for real? How can they expect to be taken seriously while hosting on EC2. Its so obvious as well their webpage takes forever to load.



364. Post 5674699 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

   I think thats important, people seem to think that new exchanges whether they are more regulated or not is some sort of fix for a range of the current issues but the fact remains that serious traders only really care about liquidity.

   If a new exchange comes along now it really needs to offer something to make people use it. I think another thing that gox teaches us is people dont generally like moving and stick to what they are comfrotable with, thus, if a platform was to open that did like you say offered no fees for a month or so once they had a collection of traders and the volumes increase then people would probably not move en mass once fees were introduced.



365. Post 5677175 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: oyvinds on March 13, 2014, 02:13:40 PM
Is Reuters for real?  Linked-in?  Netflix?  I guess they're all just scams and don't actually support millions of real-time feeds and petabytes of bandwidth, since they are on EC2 as well.

0/10 points for your ignorant troll, you should not troll again.

reuters.com > 206.132.6.134
206.132.0.0/19 SAVVI-3 NOC99-ARIN

linkedin.com > 216.52.242.86
LinkedIn Corporation INAP-LAX-LINKEDIN-38682 (NET-216-52-242-0-1) 216.52.242.0 - 216.52.242.255
Internap Network Services Corporation PNAP-8-98 (NET-216-52-0-0-1) 216.52.0.0 - 216.52.255.255

netflix.com > 69.53.236.17
69.53.224.0/19 NETWO560-ARIN Netflix Inc

Plus netflix uses its own CDN for actual video delivery.

Funny that you mention linkedin as well as they have been complaining that ec2 allows attackers to quickly and easily scale up and down their compute power when scraping for user details.

I didnt say scam did I, and its different when talking about a page like Reuters and a real time trading engine that cannot go down.

A lot of companies also just use their s3 services. Notice on the case study page were talking about all AWS and not necessarily hosting.



366. Post 5677580 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: 686f646c on March 13, 2014, 03:02:52 PM


according to this research, dpr still has 488k coins (mark hodling for him? )

Didnt you hear, DPR bailed out gox after they lost all their coins in 2011. Now DPR isn't around anymore Mark has taken the chance to run with his coins Wink



367. Post 5678536 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: seleme on March 13, 2014, 04:08:58 PM
Damn, all this philosophy in last 10-15 pages makes this thread boring  Grin

I know right, bout as boring as BTC has been the last couple days as well...



368. Post 5682037 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Okay Im convinced, many people I know who would not normally be interested are talking about, asking me questions on and sharing articles in regards to BTC this is as good of a sign as any that were in for some general upward movement. Even non techie people have been taking the time to learn the basics and then ask good questions.



369. Post 5683769 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

So it looks like were going to generally trend upwards on low volume. Im feeling a big surge upwards once the voume picks up.



370. Post 5683846 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: Richy_T on March 13, 2014, 09:54:08 PM
I exclude trust in the system here,


This is where you slip up. It is an IOU from the state which people trust enough to trade between themselves as if it had value.

Exactly, trust is the only thing that backs the IOU and gives you confidence enough to accept it.



371. Post 5683870 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: Richy_T on March 13, 2014, 10:01:09 PM
So it looks like were going to generally trend upwards on low volume. Im feeling a big surge upwards once the voume picks up.

How were things looking this time last year?

It is hard to ignore the similarities  Grin




372. Post 5683892 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Not sure if this has been posted yet but it is a friend of a friend who owns this.

http://www.hackneygazette.co.uk/news/if_you_put_20_in_the_new_shoreditch_bitcoin_atm_three_years_ago_you_would_have_8_000_today_1_3429947



373. Post 5683955 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: Erdogan on March 13, 2014, 10:07:08 PM
I exclude trust in the system here,


This is where you slip up. It is an IOU from the state which people trust enough to trade between themselves as if it had value.

No, if you trade one work hour for a dinner, indirectly using money, at the money stage the state does not owe you neither the work hour nor the dinner. The system trust I talk about, falls on the state, in case of fiat money, only because they produce the money and manage the supply. In other kinds of money, like gold or bitcoin, the state is not involved in the production or the management, therefore it is easier to see the difference between trust between traders, and trust to the system.


Could you clarify what you mean by indirectly using money? In the case of doing an hour work for dinner then there is no money involved and there is trust between both parties that the work will be completed and the dinner promise will be fulfilled.



374. Post 5685133 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: hdbuck on March 13, 2014, 11:02:20 PM
since its quite boring in here go have a look at this thread..

-> https://bitcointalk.org/index.php?topic=20336.0

EPIC BUMP Grin

Lol I posted in this thread yesterday and seem to have sparked off the hilarity of being able to find out how much the transfer was for and then getting the OP's whole trade history from the gox database dump. I hadnt seen the replies so cheers for posting it  Grin



375. Post 5690866 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

2000BTC wall at $630 will it be pulled?



376. Post 5690970 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: S3052 on March 14, 2014, 09:32:51 AM
why are we moving down? i expect to hit $700+ this weekend

we are at the end of another triangle it seems. the next day or so should be pretty interesting.



there is a different (and in my eyes more appropriate) way to construct the triangle
and under this view, it is bearish


I think theres room for a little bearish movement still, take out the whale spike up to 700 a week or so ago and the charts would still be even further locked in the down trend. I do hope we go down a bit first, could do with some more cheap coins  Grin



377. Post 5692156 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: Bagatell on March 14, 2014, 11:25:53 AM


UK only  Sad but the guy has a load of other vids Smiley Thanks.

VPN bro. Its worth a watch.



378. Post 5692679 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: PrintMule on March 14, 2014, 12:05:36 PM


UK only  Sad but the guy has a load of other vids Smiley Thanks.

VPN bro. Its worth a watch.


Seriosly, fuck this geofencing shit! Why do I need to bother with proxies and shit? I hope those media companies die in a fire. Fuck! Even if I lived there, I would not see any of their adverts, because that shit is blocked. Not cool, man.

The BBC dont have adverts , they make their money from TV licensing hence why its UK only. But yes geofencing is annoying but Its so simple to circumvent who gives a shit.



379. Post 5692688 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: macsga on March 14, 2014, 12:12:25 PM
http://online.wsj.com/news/articles/SB10001424052702303795904579433222564439410

CCMF?  Roll Eyes Roll Eyes Roll Eyes

We discussed it a few pages back...



380. Post 5692806 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: freebit13 on March 14, 2014, 12:15:34 PM

So the taxpayers get to pay more tax to afford the extra development so that they can stop everyone else from watching what's already been paid for... Genius!

No "we" pay tax so that its made at all. Its not like an on demand model where they make the show either way and then recoup costs from selling the show. Its a whole set of channels that is run on TV licensing funds and by receiving terrestrial TV it is presumed you are also watching the BBC.

Obviously its bollocks and complete daylight robbery and most people, myself included, dont pay it. Theres nothing they can do about it as they cant prove your watching TV. Funny this came up actually as not paying TV licence is about to be decriminalized here.



381. Post 5692824 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: macsga on March 14, 2014, 12:17:44 PM
How could I know? You just press "Post" and 10 replies have been posted already... Undecided

Edit: Found it... https://bitcointalk.org/index.php?topic=178336.110820

I wasnt being funny just pointing you in the right direction  Wink



382. Post 5693002 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Small wall at $635, will this finally cause some movement either way...



383. Post 5693162 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

1600BTC wall at $630 has been nibbled and is sitll up so looks legit.



384. Post 5695683 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: JayJuanGee on March 14, 2014, 03:23:02 PM
 Having mandatory, is NOT the same as coercion.. b/c a large majority of the people do NOT need to be coerced to follow rules of their own making and a society of their own choosing and a community in which they chose to live... I would NOT call that coercion.  

If I resist paying taxes, the government intervenes with the threat of force. Threat of force is the very definition of coercion.

If people are really choosing to make rules to provide welfare, then they can skip the intermediate step and chose to provide welfare. Everything else is coercion.



That is why this back and forth communication with you is getting NO WHERE - b/c you keep insisting that your being part of a community is coercion... and you give way too much weight to this coercion aspect - to the extent that taxes are mandatory and a part of civil society, and almost anywhere in the world has some taxes.. though there is variation.  If you are an American (or another western country), you have won the lottery, b/c you can move almost anywhere in the world with your passport and find some haven that has little to no taxes.  What country are you from?   You seem to want the benefits of being part of a community, but you do NOT want to pay into that community's rate of taxation.


He literally just told you why being part of a community is coercion, what dont you understand...



385. Post 5696504 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: JayJuanGee on March 14, 2014, 04:15:28 PM

Literally?    I do not want to get caught up in the meaning of literally. 

Anyhow, part of the reason that we have some of this back and forth communication on this topic is b/c we have differing understandings on some terms, including the term coercion.  So, at this point, I am a little unclear about the point that you are making Dreamspark?  Did you want to chime in to clarify what is so clear about coercion and why living in society is coercion? 

There are people from third world countries who are fighting for the chance to live in america, in spite of all its supposedly "coercive" taxes.


Clearly in its original meaning as he had just told you why. * facepalm

Anyhow, you can try and say we have different understandings of the term but that is not the case. You have a different understanding of it in comparison to the real definition. Look, "Persuade (an unwilling person) to do something by using force or threats:" is the dictionary definition of coercion. If you can argue that being a part of society in regards to paying taxes against your will under the threat of force is not coercion then I'll be flabbergasted.

Perhaps we can try a different approach cause Im pretty bored of seeing your sensless rants. Can you explain how it is not coercion as an explaination as to why it is coercion has been offered several times.



386. Post 5696634 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: seriouscoin on March 14, 2014, 04:31:06 PM
Adam, time to close this damn thread and make a new one....

This shit has gone Mexico


Once we start moving again in either direction and theres money to be made the topics will change, this is just a manifestation of how stagnant the market is atm  Smiley



387. Post 5697043 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: JayJuanGee on March 14, 2014, 04:54:40 PM
  You do NOT agree or you believe that I am missing something, so why go on about it?



Um, isnt that what a conversation is. You dont agree with whats being said to you or you think that others are missing something so you keep going on about it. Difference is other people arent changing word definitions of their own accord and don't consistently state their opinions as facts.

Anyway, no need to reply to this. We're not getting anywhere because you make yourself immpossible to converse with.




388. Post 5697093 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

$630 wall thats been there for hours is gone. Given up on trying to keep the price up?




389. Post 5698064 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: JayJuanGee on March 14, 2014, 05:41:15 PM
 You do NOT agree or you believe that I am missing something, so why go on about it?



Um, isnt that what a conversation is. You dont agree with whats being said to you or you think that others are missing something so you keep going on about it. Difference is other people arent changing word definitions of their own accord and don't consistently state their opinions as facts.

Anyway, no need to reply to this. We're not getting anywhere because you make yourself immpossible to converse with.




YES... YOU ARE VERY possible to converse with.   hehehehe

   You throw out a personal attack and then you say, o.k... no need for me to respond.


Let me just say, the reason that I am saying that we do NOT need to go on about this particular topic is that if we cannot agree upon basic definitions (such as the application of coercion in government and I have been addressing variations of this question in various places for nearly 20 more than 50 pages), then we are NOT going to agree about other conclusions that are built upon those definitions.  

Personally, I do NOT find it fruitful or productive to spend time discussing things with people in circumstances in which we do NOT agree about fundamental definitions.   Sometimes we may go around and around the bush several times, and then figure out that we do agree on a redefinition of our original disagreement, yet I am just saying why go around and around the bush several times when it does NOT really matter that much.  I would rather talk about bitcoin related stuff b/c  I do NOT feel that I need to resolve these role of government matters ... NOT at the moment....  

Several posters have already made their points on the role of government topic in several ways... though I get the sense that probably, a few of us are NOT completely exhausted, yet, and accordingly, the discussion is NOT quite over, yet.  hehehe...

TO DA MOON



You make no sense, you do realise that this isnt a competition to see who can write the most words. You just ramble on and on and dont make any points. Ive highlighted the major sticking point. Its not that we cant agree on a basic definition it is that you wont accept one. Anyway, good day to you and welcome to ignore.



390. Post 5698388 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: JayJuanGee on March 14, 2014, 06:22:26 PM


Yes.  Insult and then ignore. 

Listening is half of the conversation, which you have chosen NOT to do.... 



Aw poor boy did I hurt your feelings?

I never insulted you I said your rants were senseless which they are. YOU are the one whos not listening...



391. Post 5699428 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Quote from: gog1 on March 14, 2014, 07:19:35 PM
did the 630 wall get devoured or did it get pulled?

It was actually a mixture I think, a big chunk of it got pulled and then the rest eaten but just as it dropped below $630 4 ~160btc bids were placed within a few pence of each other so Im guessing its the same guy. Three were pulled and one of them got eaten.



392. Post 5709317 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.26h):

Its so quiet in here, its just chart buddy talking to himself



393. Post 5742276 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Weve been primed to go down for a week or so now, the volumes have been terrible, the bid sum on stamp has gone from $20 million to $12 million (which is the lowest its been in a while). The fact is people arent buying but nobody wants to sell on such low volumes as whats the point when weve been in a $20 range for a week. It makes sense that we go down if you take out the whale that took us from $550 to $710 we would still be at a much more comfortable level and consolidating properly. The recovery from $400 was quick and violent and left people wondering whether that was really it.



394. Post 5742290 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: tarmi on March 17, 2014, 09:46:57 AM
what stolen coins?

what did I miss?

Reffering to gox coins if they were stolen but also to Flexcoin and the otehr exchange that has coins stolen.



395. Post 5742359 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: FTWbitcoinFTW on March 17, 2014, 09:59:59 AM
Weve be.... t was really it.
Nice try
But total bullshit

Care to elaborate and add some padding to your opinion?



396. Post 5742805 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: FTWbitcoinFTW on March 17, 2014, 10:39:30 AM
Weve be.... t was really it.
Nice try
But total bullshit

Care to elaborate and add some padding to your opinion?
No
I've better thing to do than made up some theory to fit my position

Dont speak at all then... This is a speculation thread, dont just call speculation bullshit because it doesn't fit your theory then not even elobarate on why, thats just infantile.

I said the bidsum has gone from $20 million to $12 million which it has and that one person or group of people pushed us from $550 to $700 in a few hours. People clearly aren't buying. None of that is bullshit so kindly leave your asinine replies for someone else.



397. Post 5744998 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: minerpumpkin on March 17, 2014, 01:38:57 PM
Well, this could be the battle. The turning point for the downtrend since the last bubble? (And yes, it already popped IMO)
What battle?  Still only 6000 volume on stamp.

Breaking the trend going down. There's not much volume, but I think everyone's tensed up and waiting for the slightest sign.

Its been like this for a weekish now, everyones waiting for the slightest sign but people are getting nervous as nobody is buying. The longer its like that the more bearish it is IMO.



398. Post 5746787 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Lots of backwards and forwards tipping with Doge though and for no reason at all. Would be more interesting to see the results of tip days destroyed sort of thing if that was possible. Still fair play to them for generously passing around the same few million Doges  Grin



399. Post 5748045 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: solarflare on March 17, 2014, 04:50:19 PM
Could we make the polls a little bit more serious ?
That is, leave "yes", "no" and "idk" but remove the moronic all caps options ?

poll? serious? you must be joking  Grin



400. Post 5761606 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Total bid sum on stamp down to just over $11m Weve been loosing about a million a day off the books for the last week. I know its not represantative of much but it gives a general idea of how many people are placing bids to stop the drops.



401. Post 5761736 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: John999 on March 18, 2014, 10:22:35 AM
Has blockchain.info been down for a long time?

Yes its been down for a few hours due to a database issue.



402. Post 5762556 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: Predatorian on March 18, 2014, 11:26:57 AM
Almost 100000 BTC moved in the last 3 hours
http://blockexplorer.com/



Nice, it's seems btc growing up in force!

You wont think that if a large amount are heading for an exchange  Grin



403. Post 5762618 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Timberrrrr...  Lets see if the $600 support holds.



404. Post 5762876 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

That bid side is starting to look super thin. I dont think theres enough panic to send it too far down through it though.



405. Post 5762957 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: John999 on March 18, 2014, 12:03:25 PM
Block 291159: 260000 BTC  Huh

http://blockexplorer.com/

Thats huge, any spike in bitcoin days destroyed though?



406. Post 5762966 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: mah87 on March 18, 2014, 12:02:30 PM
That bid side is starting to look super thin. I dont think theres enough panic to send it too far down through it though.

we are heading to 400$

I don't mind that, Im not a perma bull and Ive been saying were in for a drop for a week or so while several people have called it bullshit and meaningless analysis.



407. Post 5765094 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):


Quote from: JayJuanGee on March 18, 2014, 02:18:58 PM


It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though....  Huh

What does that even mean... 



408. Post 5765114 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Just wished Id put more than the 20 BTC into ltc a few weeks ago. That would have paid for a nice summer holiday...



409. Post 5765177 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: adamstgBit on March 18, 2014, 02:36:30 PM



It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though....  Huh

What does that even mean... 

it means he bought in at X price and hopes to be back to about even in  up to 2 month

Yeah I skimmed over and read it wrong.
I wouldnt worry about having your average at $685  we'll be back there before two months, its the people waiting to break even on their $1200 coins that may have to wait a while.



410. Post 5765902 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: Asrael999 on March 18, 2014, 03:21:24 PM
http://online.wsj.com/news/articles/SB10001424052702303563304579447020246651110

Quote
The Treasury Department will come after the many digital currency exchanges and administrators that haven't registered with the Financial Crimes Enforcement Network, the Department's top official for terrorism and financial intelligence said Tuesday.
Goodbye, Bitstamp and BTC-E.

AFAIK Bitstamp and BTC-E neither operate nor have any bank account in US
What does it matter? They serve US customers without following the regulations, and the US has global power.

c. De-Centralized Virtual Currencies

            A final type of convertible virtual currency activity involves a de-centralized convertible virtual currency (1) that has no central repository and no single administrator, and (2) that persons may obtain by their own computing or manufacturing effort.

            A person that creates units of this convertible virtual currency and uses it to purchase real or virtual goods and services is a user of the convertible virtual currency and not subject to regulation as a money transmitter. By contrast, a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.


Doesn't this imply that anyone who sells a cryptocurrency for fiat is a money transmitter? So not just the exchanges but anyone who sells bitcoin for cash?


Pretty much. Cassius was having trouble with his physical coins due to money transmitter laws. Im sure they stopped him at least at the time if I remember correctly?



411. Post 5766013 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Wall that was propping up $610 ish has been removed



412. Post 5766613 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

My understanding was the fund was constructed in the way Jorge describes where the investment fund can 'buy' the shares off its investors. This means that If the fund has the capital they can pay it from their fiat reserves but if not they would have to sell some BTC. May be wrong as others seem to think its more of BIT stock.



413. Post 5766663 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: fonzie on March 18, 2014, 04:01:51 PM
Greetings from my latest journey to S-E-Asia.
A full Bitcoin sponsored trip(shorting profits  Cheesy)stuffed with a huge package of Acid bought with BTC.   Cheesy
I just wanted to let you know that iīm still bullish about BTC after i talked to the local bulls over here,
altough it might take a few days until they will fully attack.





If you could please pump it to about 900$ that would be awesome

See you soon Cool

Indonesia??



414. Post 5766733 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: barbs on March 18, 2014, 04:07:27 PM
Btw while btc is bleeding in the street - love these posts by people who sold off to bagholders flashing cash and mansions.

So much for the dream between you guys and karplese I don't know who to thank more ;-)

Why? If Fonzie is in indonesia which I think he is then what hes holding is worth aless than Ģ100. But also if he is LTCVictim then he has a shit load of cash from LTC not BTC? Also if your referring to Risto in regards to the mansion he had made a lot of money from precious metals prior to BTC and its not as impressive pre photoshop  Wink



415. Post 5766860 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: fonzie on March 18, 2014, 04:14:51 PM
Malaysia, Cambodia, Indonesia

Right now Molucca - Ambon

 Cool

I have nothing to do with the missing plane altough i flought with the same airline.

Nice, I like Cambodia but always seem to find myself drawn to Laos the few times Ive been to SEA.



416. Post 5766872 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: seleme on March 18, 2014, 04:20:27 PM
Looks like another exchange did a runner.

Coinex.pw

"Security Issue" would have thought they would update their customers at some point in the last two days.



417. Post 5766940 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Quote from: adamstgBit on March 18, 2014, 04:24:54 PM
were did the wall go?  Shocked  Undecided  Cry

It got eaten in a 540 sell.



418. Post 5767295 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Can anyone remember the last time the bidsum was below $10 million. I know its not a great technical indicator etc but I think its an indicator that people are less willing to leave funds on exchanges and in particular fiat.



419. Post 5779813 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.27h):

Just a bit of manipulation within LTC shaking the weak hands out etc, all the normal things we say about BTC after a massive run up. Meanwhile we're back to super low volume BTC market but with alot less support either side.



420. Post 5800744 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: barbs on March 20, 2014, 09:45:51 AM
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..

I'd argue that its been quiet obvious to trade this downtrend, The run to 700 was obviously premature and whale driven. A big short near the top of that and you wouldn't of had to trade again until your sure the markets turning.

I would be surprised to see it go that low, I for one would be throwing all the savings at $350 coins if we were to stay there for more than a flash.



421. Post 5800776 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: joburgtaxi on March 20, 2014, 09:49:43 AM
So what's the speculation on the price today Huh

I think we'll stay in this range for the day $590 to $610, if theres a breakout one way I think it will be downwards but not by much, we're in the same slow grind down since January and so far all the good news has not made much of an impact. Expect it to rip your face of when the train does leave the station.



422. Post 5800786 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: inca on March 20, 2014, 09:50:53 AM
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?



423. Post 5801024 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: inca on March 20, 2014, 09:55:30 AM
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 Wink



424. Post 5801328 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: inca on March 20, 2014, 10:22:38 AM
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 Wink

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..



Yes it is driven by market movements but whale walls and buy can quickly change the short term market sentiment and panic buying ensues.

For example the general market sentiment can be that $600 is a fair price then one whale comes along  and lays down a big bid wall. Then people pull their asks thinking, lets see how high this goes and others pile their bids in front of it. He can then pull his wall and have moved the market without spending a penny. Whats changed here other than people panicking ? Nothing, so ensues a drift back down to where we were before.

The same is true in reverse. Id argue that the general sentiment here is that yes were building for another run up so the long term view is upwards, to the moon etc. But, many traders feel that this has a way to go down yet before that happens.

In regards to the volumes the only time we've seen large volumes in the last week or so have been on big downwards movements. That for me is further confirmation of still being in the triangle of doom from December.



425. Post 5801340 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: magicmexican on March 20, 2014, 10:36:05 AM
Btw dat 1d Macd..



400$ soon?

Text book. The last 1 day cross took us from mid $800's to mid $500's.



426. Post 5801691 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: surfer43 on March 20, 2014, 11:00:26 AM
buy or sell  Huh

Neither right now, Id not like to be taking a position at this point , but depends what your in at the moment maybe a re adjust so your not effected whether the next movement is up or down and make a decision later in the day.



427. Post 5801845 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Yes but currently bitcoin isn't propping up the world economy  Grin



428. Post 5802046 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: JorgeStolfi on March 20, 2014, 11:34:55 AM
Yes but currently bitcoin isn't propping up the world economy  Grin

The point is that the effect of RMB (or USD) inflation on BTC price is well below the noise level.

BTC could be an alternative in countries with, say, 50% inflation per month; but there USD is usually much more attractive than BTC.


I agree for now, we'll see how many people want USD once economies stop trusting it as the world reserve currency. It wont take long for people to follow Russias lead...



429. Post 5802064 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: Bronstad on March 20, 2014, 11:40:56 AM
Quick question, how does one add an avatar, I am now a full member but am still getting a red message saying that I am not able to add an avatar.

You can't. They turned off the ability. Apparently it was used as an attack vector to hack the site or something, so they just disabled the ability for people to update them. I suppose one day they will actually update the website, and you can add one then.

The forum is currently undergoing a $1,000,000 redevelopment project. Id imagine if/when the new forum is rolled out avatars will be a feature.



430. Post 5802776 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: JorgeStolfi on March 20, 2014, 12:28:50 PM
As always there are multi user wallets that could be millions not being accounted for users
You mean exchanges, tumblers, Bitpay?  But people who use those probably have at least one private address.  So the number of addresses can only be higher than the number of owners.

The number of addresses will always be higher than the number of users. Even if people use pooled services where the balances are stored in big cold addresses. Just ask people here how many addresses theyve used and the majority will be 50+



431. Post 5803078 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: JorgeStolfi on March 20, 2014, 01:01:35 PM
Ask Tony Gallippi if his 30000 customers all have wallets. My bet would be the majority don't.
Er, sorry for the ignorance, but why would one use Bitpay if one owns no bitcoins?


I'd imagine he's referring to the actual businesses that use Bitpay to accept BTC. They don't need to ever touch BTC.



432. Post 5805076 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Another chance to sell peoples  Grin



433. Post 5805189 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

LTC's a good buy in the near future just hold it till btc is rallying again and its guaranteed profit.



434. Post 5806610 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: JorgeStolfi on March 20, 2014, 04:55:25 PM
Would you trust your money to this:  NYBX - New York Bitcoin Exchange (Not to be confused with NYBX - New York Block Exchange, a branch of NYSE closed feb/2013)

(Hey, it has an academic on board!)

Nope, I only trust my money to myself.

Would I feel less worried having funds here than BTC-e, probably.



435. Post 5806688 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

LTC taking an absolute beating. The chinese really know how to leave the rest of the world as bag holders  Grin



436. Post 5808093 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: magicmexican on March 20, 2014, 05:26:45 PM
Too bad btcbuilder did halt trading, would be a great opportunity for the goxcoin pump

My first thoughts as well!

Seriously though, how do their obligations work ? Wont they have to liquidate those coins to make up the fiat gap?



437. Post 5808151 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Also,

"According to the lawyer, they found it on the 7th of this month by searching through the "wallet" being used by MtGox prior to 2011 June."

WTF!? Searching through a wallet? How does that even mean ?



438. Post 5808231 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Is this the ultimate goxxed gif?

http://gfycat.com/ElderlyAptCorydorascatfish



439. Post 5818533 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Missed that bounce, looked like a small short squeeze. Can the momentum keep us going or are we going to drift back down?



440. Post 5818698 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: Todorius on March 21, 2014, 09:30:33 AM
We're still in the triangle of doom. We must get over 620ish to finally get out of that downtrend that has been lasting for 3 months now.
It will be interesting to see if it shoots up like it did a few weeks ago, when it went from 530 to 710, induced by that whale buy. It could repeat again.

This is what I'm thinking in terms of a whale being able to push it up again, the volumes are still small which is something to consider but I've adjusted my position accordingly.

Its going to be an interesting few days as we head towards the end of the triangle and Im going on holiday this week so wont be around to trade  Angry



441. Post 5819229 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Has the Mt Gox update been posted yet ?

https://www.mtgox.com/img/pdf/20140320-btc-announce.pdf



442. Post 5819402 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Seems the return to pre 1500BTC buy is happening sooner than expected.

China leading with the dumps.



443. Post 5819462 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

China dumping so hard that red candle meets the volume candle  Grin




444. Post 5819529 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Mega LTC dump on Huobi as well. Somethings going on...


500BTC wall at $580 as well



445. Post 5819556 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Something to do with the chinese governement apparently.



446. Post 5819628 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Almost time to load up and sell the bounce boys



447. Post 5819678 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: chessnut on March 21, 2014, 11:10:41 AM
how much time until the coins from china get to stamp an BTCe etc??

3-4 confirmations?



448. Post 5819787 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Dead cat? Looks prime for it in china.



449. Post 5819922 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Still huge dumps on stamp. This isn't over yet.



450. Post 5819998 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Yeah stamp bounced all the way to $594 which just caught a sell order I had opened seconds after buying at $563.

What are the chances those $520 Huobi coin end up on stamp ?

Finally making some money again.



451. Post 5820066 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Is this the last wave down out of three then?



452. Post 5820426 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: mmitech on March 21, 2014, 12:10:59 PM
I am curious about what will happen when the whole USA wakes up and see the price, will they drink coffee and open their eyes first or will they start panicking ?

From now till tomorrow will be really interesting, another flash crash is really possible but I dont believe that we will stay there for long...  

I would think another leg down is certainly a possibility so Im saving some fiat for then. I really do think were coming to the end of this downtrend though.



453. Post 5821304 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

I dont think anyone has a clue what going on atm, soundest advice I've followed is panics like this are perfect buying opportunities. While everyone is waiting trying to find the bottom someone with the capital can snap it back up.



454. Post 5822209 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: magicmexican on March 21, 2014, 02:11:08 PM
As i said yesterday, we would need some fud to get to 550~ish, and bam, new china fud out of the blue, either a lucky guess, or someone who wants a crash had same thoughts

Like magic sometimes isn't it! Just above $550 is where I exhausted the last of my fiat and some extra leverage. Think its almost time to take the last of my coins stick em in the freezer and enjoy the next run up.



455. Post 5822476 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

What do you do if you just bought 1CNY ltc? Surely you cant not sell for 100x insta profit



456. Post 5823398 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: cbutters on March 21, 2014, 03:18:36 PM
Did anyone catch this quote from the mtgox statement.

“Taking into account the existence of the 200,000 BTC, the total number of bitcoins which have disappeared is therefore estimated to be approximately 650,000 BTC.”"

So.. its basically official that M.K. is just a complete and utter retard right? Who moves 200,000 BTC to verify they have control of bitcoin and then forgets that they exist. Does this ultimately point to the more likely possibility that M.K. just lost the private keys but had an old database backup that he eventually went and fished these 200,000 coins out of after the community pointed them out?

also... how does 850,000 missing vs 650,000 missing affect the markets?

They don't, I have no idea how you just find a wallet with 200,000 BTC when others can see it on the blockchain etc. It suggest to me personally that the theories regarding lost keys or badly written key generating software are the most plausible.

I wouldnt be surprised to see a large part of the 850k slowly being 'found' what this does to the price however is anyone's guess



457. Post 5824385 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: rebuilder on March 21, 2014, 04:29:27 PM
They don't, I have no idea how you just find a wallet with 200,000 BTC when others can see it on the blockchain etc. It suggest to me personally that the theories regarding lost keys or badly written key generating software are the most plausible.

I wouldnt be surprised to see a large part of the 850k slowly being 'found' what this does to the price however is anyone's guess
Remember that interview with Karpeles saying the bitcons weren't technically lost, just unavailable? Either gox are lying through their teeth or they had some seriously poor practices. I can't say which is more likely. I've found a few old wallets I'd forgotten about, and no amount of people pointng at the blockchain would have helped me remember where the private keys where. Then again, I have never been entrusted with hundreds of thousands of BTC of other people's money, so my laxness is somewhat more excusable.

Well you hit the nail on the head really with the last statement messing about with your own holdings and loosing private keys to a few BTC is plausible but I bet you wouldn't forget where you put 200k Wink



458. Post 5825900 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: adamstgBit on March 21, 2014, 05:27:32 PM


but your friend would be freshly out of fiat as well.

You'd think but a large part of my friends wouldn't buy even if we went really low. Meanwhile I'd be loading up, locking them in the freezer and wait till I've got enough for my island  Cool



459. Post 5826876 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.28h):

Quote from: Davyd05 on March 21, 2014, 06:48:57 PM


but your friend would be freshly out of fiat as well.

You'd think but a large part of my friends wouldn't buy even if we went really low. Meanwhile I'd be loading up, locking them in the freezer and wait till I've got enough for my island  Cool


What would you be locking in the freezer?  Your friends?  Hopefully, they would be issued space heater and oxygen, too.

...but he made a pun based on the idea of cold storage requiring a Fridge/Freezer.

Lol yes the coins , not the friends, would be in the coldest of storage.


Meanwhile support has been building some what and $1.5 mill added to the total bids sum. I've made my position clear but I do wonder how much further down we realistically will go.

I agreed with the guy yesterday who thought we'd only see $550 with some good quality FUD. That's happened so where to now ? The fact that China dumped to around $40 lower than Stamp suggests the selling on Stamp is loosing its legs a bit. The last few days of creeping downwards has felt much more like a bottom than $400 flash.




460. Post 5981111 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.30h):

Been away for a week on holiday and managed not to be tempted to look at the BTC price for a week. Is there anything in particular that has us wallowing sub $500? Ive tried to catch up on the news but can't seem to find anything particularly bad  Undecided



461. Post 5986544 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.30h):

I wonder how close some poeple are to being margin called on longs they placed when people thought the Gox closing $400 coins were the bottom.



462. Post 5997620 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Well I feel like the bottom is certainly close, sending another chunk of fiat to the exchanges as we speak. Bid sum has been increasing steadily and a mediocre buy can send us shooting upwards.



463. Post 5998496 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: Todorius on March 31, 2014, 09:32:57 AM


Dude. Smiley

That looks more correct. It is an exponential trendline, and the support at 400 is very high, because it's the lower exponential bound.
I just can't see bears breaking that support, they already are running out of ammo, and the support forming is very strong.

I set 400 as the lowest limit, just can't see it drop any further.

I would agree with you here, watching the bid sum increasing this morning gives me confidence that $400 really is a place thats well defended. During the down trend of the last few months we watched the bidsum dry up as no one wants to catch the falling knife. Its always the same situation, everyones looking for the bottom and then moans when it flys back up when really they could have been buying all the way down and be in a much better position.



464. Post 5998536 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: segeln on March 31, 2014, 09:49:18 AM
I'm really looking forward to see how much btc will Second Market buy today or tomorow  Smiley
+1
so do I.
It is a good indicator for me

Do they publish their buys in real time or a few days after ?



465. Post 5998616 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: jl2012 on March 31, 2014, 09:53:55 AM
I'm really looking forward to see how much btc will Second Market buy today or tomorow  Smiley
+1
so do I.
It is a good indicator for me

Do they publish their buys in real time or a few days after ?


Once a day. See my thread: https://bitcointalk.org/index.php?topic=337486.0

Thanks for that. Excellent thread, keep up the good work!



466. Post 5998903 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Has anyones Bitstamp wire been credited yet? Noramlly in by now  Undecided



467. Post 5998988 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: podyx on March 31, 2014, 10:28:10 AM
Has anyones Bitstamp wire been credited yet? Noramlly in by now  Undecided

when did u send?

Early Friday, but Ive often had deposits credited within a few hours...



468. Post 5999332 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: Carra23 on March 31, 2014, 10:52:15 AM
Tomorrow will be 1555 usd.

Thats some quality weed you got there.

I was thinking some good mushroooms or LSD is more likely to make you think that  Wink



469. Post 5999629 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: bizz on March 31, 2014, 11:31:23 AM

Time to give Kraken some love.

Are you trading there at the moment ?

What are your general thoughts and feelings?



470. Post 5999668 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: bizz on March 31, 2014, 11:36:49 AM

Time to give Kraken some love.

Are you trading there at the moment ?

What are your general thoughts and feelings?

Yes, since recently. Low volumes but growing slowly. Otherwise it's great. Lots of advanced order options.

Thanks, I may send some play money there to see if I get on with it then, I tried bitfinex recently but some of there features are very confusing.

In other news according to fiat leak the chinese are buying about 10x more BTC at the moment than the rest of the world.



471. Post 6000024 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

No rally yet please just until my next deposit lands  Grin

Than we can break down walls and post some trains!

Chart buddys charts show just how lopsided the order books are at the moment.

What are the number of shorts on fenix looking like at the moment ?



472. Post 6000300 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: barbs on March 31, 2014, 12:30:08 PM
There is a disturbing lack of train pics in this thread right now

Talking of train pics, someone posted a url a few months ago with loads of train pics to choose from and I cant for the life of me remember what it was. Anyone?



473. Post 6000902 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Seems that Bitstamp deposits have begun to roll in  Wink



474. Post 6002029 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Total bidsum just nudged 12 milion for the first time in weeks...



475. Post 6007425 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Mini wall at $450. May be a good opportunity to buy back with no slippage for a bigger player...



476. Post 6014501 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?



477. Post 6014541 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: TERA on April 01, 2014, 07:46:26 AM
People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?
I think we just saw all those bears get squeezed just now.

A small panic buy/ panic closing of shorts I agree. I just don't get why people still thought it was a good trade at $450ish when the panic selling had clearly dried up. Not saying were about to fly up $100-$200 but shorting down there or even still here is far too dangerous for my liking.



478. Post 6014674 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: windjc on April 01, 2014, 07:57:21 AM
People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?

So we've hit a bottom and now we are in a bull market again? $435 was the low that we will never see again?

I think that $436 was the low for now, sure we may go back there in the coming weeks but that is a stressful position I would not like to be in! So long term yes there maybe another chance at $440 but Im a day trader so going long at $440 with leverage is the right position, no ? Rather than sitting on a short from $450.



479. Post 6014828 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

To think that no fresh fiat is heading to exchanges is absurd...



480. Post 6014841 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Through $500 without a spot of resistance.



481. Post 6015877 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

The order books +/- $40 from the current price are far more balanced than they were yesterday. Perhaps some consolidation before the next move. I was glad to receive my deposit in time to buy yesterday and am awaiting the next clear signal to trade again. For now though I'm happy to sit in this area.



482. Post 6016170 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: fonzie on April 01, 2014, 10:02:33 AM
Huobi >30$ below Bitstamp.
I guess thatīs bullish isnīt it?

With China effectively dying again, Id much rather them be below Stamp, thats what you would expect. If China isn't leading that can only be a good thing in my eyes.



483. Post 6016362 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: billyjoeallen on April 01, 2014, 10:16:59 AM
damn what a dumb move closing that short with peanuts for profit.

That wasn't your problem. You did very well there. The problem was that you didn't have enough coins to short because you didn't load up enough below $450.
On bfx you can use USD as collateral to short. I actually could have shorted about 8 times more than I did.

Didn't know that. I'm still new there. Isn't that like naked short-selling? I mean there still has to be someone willing to lend you the coins in a swap, right?

You had to pay a swap cost, I'm assuming. That means if you had a huge pile of coins, you could lend them out without exchange rate risk. Another benefit of having a big stash. The risk isn't any higher than keeping fiat on the exchange.



Yes there are a few people I know who keep coins on fenix to use as liquidity swaps.

Its not like naked shorting as far as I understand it as when you sell coins you don't have using your USD as collateral Fenix takes those coins that are offered in swaps and then you pay an interest on them so there is no failure to deliver. Im fairly sure there has been points when there was no USD/BTC to lend and therefore unable to take the leverage.



484. Post 6021538 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: seleme on April 01, 2014, 06:57:19 PM
Now, they just need to add XPM/USD and I'll be fine, very fine  Grin

BTW, GBP is good idea, there's no taxes at bitcoin trading in Britain, that might bring more people to BTC-e. Their admins are pretty smart guys.

Maybe but in general theyre shady to deal with and I wouldn't use it for any significant amounts of any currency or coin.



485. Post 6022914 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Are we likely to slowky grind down towards the 15th then or hold until the day and dump on the news ? I feel like most people who are selling on that news have sold already.



486. Post 6030046 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

There is some decent bid support at the moment, I don't think this is fake as when people have been selling into these mini walls over the last 24 hours they have been refilled. I have some more orders in but even if we go south I can't see it being too much further.



487. Post 6030266 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Theres a mini rally brewing...

Its remarkable how well LTC has held its value during this downtrend. It usually takes much more of a hit



488. Post 6030469 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: creekbore on April 02, 2014, 08:38:56 AM
There's going to be some serious fallout from the NeoBee situation.

Danny has just made a statement and closed the official thread -- death threats against kids --- the BTC-space is going to look even more ugly.

I don't quite get whats happened over there with NeoBee, can you summarise?



489. Post 6030679 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

BTC-e still higher than Stamp as well.



490. Post 6031044 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Its hardly surprising the situation he's in then if those sort of threats are being made. Why do tiny investors feel they have the right to full disclosure of a three month old company? In the real world a ceo wouldn't address small investors on a personal level so why is it in Bitcoin land this has to be the case?



491. Post 6032264 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Lots of noobs posting nonsense...

At least give a real reason as to why you think that someone is dumping 5000BTC into the market?



492. Post 6032633 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Back again with super low volumes. When will we see this increase ? Just seems so easy to manipulate atm.




493. Post 6032970 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Such dumping. China needs to just leave  Grin

Could be a bear trap. Im hoping to pick some more up at a lower price but I expect this to bounce.



494. Post 6033223 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

So now $15 price movements are classed as significant?



495. Post 6033331 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: surfer43 on April 02, 2014, 12:48:02 PM
So now $15 price movements are classed as significant?
When they are as much as the movement in the last 12 hours, yes.

Still wouldn't agree, what is significant about a 3% price change and what does it tell you about the market.



496. Post 6034177 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

News or are we just dumping for fun again ?



497. Post 6035017 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: Buffer Overflow on April 02, 2014, 02:48:41 PM
Might as well just write China off and move on. I did that last year before Christmas. Chinese government don't want bitcoin, it is very obvious indeed. The Chinese government will get what they want, you can be certain of that.

Yes but when trading you cant just write it off if its still dictating the price..



498. Post 6035090 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Massive dumps on Stamp...



499. Post 6035122 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Will we retest previous low?



500. Post 6035162 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.31h):

Quote from: minerpumpkin on April 02, 2014, 02:58:36 PM
Will we retest previous low?

We're already doing so

We're not really that close to $400  Huh



501. Post 6036209 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

I'm thinking that this is just going to play out the same way as each exchange makes their announcement. Can either sit up all night and wait for each one or just hodl. Think I might just hodl this time.



502. Post 6037288 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

Well at least bitcoin isnt boring at the moment  Grin Still dont want to trade it while the Chinese are playing silly buggers.



503. Post 6037471 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

We've broken the previous low...



504. Post 6048062 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

Quote from: JayJuanGee on April 03, 2014, 07:43:39 AM
Possibilities for bitcoin going to zero: a flaw in the code is found and exploited. Something on the mining end. Nuclear war, asteroids, global ebola pandemic, something on the mining end, sha256 getting cracked, etc. Probability of any of these things happening <0.1%.

Possibilities for Bitcoin going below $10: Satoshi's stash getting dumped on the market, outright criminal ban on owning bitcoin in several Western countries, Bitstamp and at least one other major exchange getting hacked to the point of insolvency, FBI coins AND Bitcoin investment Trust AND Winklevoss stash all liquidated, or >ten major early adopter whales liquidating their entire stashes. probability of any of these things happening: <1%

Possibility of bitcoin retreating to April 2013 high of $266:  $400 support doesn't hold when all Chinese exchanges stop taking deposits, China bans bitcoin ownership and trading altogether, U.S. stockmarket crash/correction that dries up Silicone Valley money, Coinbase folds, etc. Probability: ~40%

Possibility of trend reversal without whales: 1%. with whales: ~40%

Possibility that Bitcoin goes to $10,000 this year: hyperinflation in the U.S. Dollar, major currency or banking crisis in a large economy with Bitcoin as a major player in evading capital controls or inflation hedging, Google, Facebook, Microsoft or other major tech company fully embraces bitcoin, investing billions. Probability: ~5%.

Possibility of spontaneous mass adoption this year with no major media campaign or sea change in media coverage: zero. Next year, maybe. Movements need leaders.

I'm loaded in BTC and mostly holding, but it could get really really ugly. again.




Great breakdown, even though I do NOT agree with a few of your numbers, but that is quibbling... b/c your outline helps consideration of the matter.

Regarding your stash... what's your average BTC buy-in price?  Probably in the $300s?  or less?  Mine is mid-$600s with a stash of only 49-ish.... I have other investments as well.. but I am anticipating continuing to buy on a regular basis to slowly increase my stash.. if BTC price goes down, my stash will go up more...   

Usually, I am NOT too lucky with trades, but having lucky trades brings up the quantity of BTC and brings down the average cost per BTC... .. but like I said my track record is NOT too great in the trading arena...   so I have to rely more on HODL and attempted strategic buying.

His average buy in will be in single digits maybe mid double digits as are a lot of the people who have been around for a while. Hell I only started buying in summer 2013 but with a bit of trading and selling a nice chunk over $1000 even my average buy in is double digits. There are many here that will have taken out their original investment and be sitting in free coins. This is obvious by the way people speak. Its obvious when someone is sitting on a $30,000 investment that is currently worth closer to $20,000. The panic is obvious as they keep saying they're buying on the way down and they do not see it going any lower. Although I would like to see a rise again Im more than happy for the blood in the streets and the chance to pick up some really cheap BTC again. Its mainly noobs and dreamers who bought BTC anywhere near $1200 and most will have sold on the way down. The upside then is clear and obvious but I do feel a bloodbath will ensue in the meantime.



505. Post 6048202 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

My overall prediction for the next 48 hours is a test close to $400, a lot will hinge on whether or not the support around $400 dries up or not. I don't think it will so some serious selling will have to occur to break through that. At this point I think its important to ask how far the downside really goes. If you think that we may break $400 and would rebuy at $375 is that worth the risk or is that more likely then a short term bounce to $570 ish? I think a short term bounce is more likely so would rather take profit on a long than risk being left behind on an uncertain short.



506. Post 6048237 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

Quote from: billyjoeallen on April 03, 2014, 08:14:37 AM


Wisdom is perceived as pessimism by the overly optimistic. I think the risks are higher than you do, but I don't think they are probable. There's no possibility of another flash dip to $400 and quick recovery because we are already there and there is no volume. I am hoping a test of $400 on volume will spring a bear trap, but support may waver if it's seriously tested. If $400 holds, there will be likely be plenty of volatility range trading until the whales who are lurking in the depths give up their hope for cheaper coins and get on board.

Ignorance is not risk, but it prevents you from accurately pricing risk. The future is not only unknown but unknowable. You can be ignorant in this game and still make money if you know that you are ignorant and do what the smart people do. The problem is that it's difficult to tell who's smart until after the fact. 

I have no confidence anymore in my ability to day trade. My margin trade wiped out all my day trading profits for the year and I'm lucky to have not gotten wiped out completely. Fortunately all that money originally came from buying and holding long term, so that's what I'm going back to until I can afford more day trading "tuition". This is the best time to buy in the last four months. Coming from me, that may be a sell signal, what the hell do I know? Don't trade long term on a short term trend and don't trade short term on a long term trend. It cost me $6000 to discover that. I don't want anybody else to make the same mistake. The down trend will continue until all the weak hands are shaken out. Volume tells us that hasn't happened yet, but volume could be misleading.

I'm not bearish right now. I'm not bullish. I just don't fuckin know. I am humbled.

That must have been a serious position to be wiped out on margin? Were you not able to deposit more just to cover than position due the general likelihood that even if its not in the next few weeks we are going back up at some point?



507. Post 6048337 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

Quote from: windjc on April 03, 2014, 08:16:39 AM
My overall prediction for the next 48 hours is a test close to $400, a lot will hinge on whether or not the support around $400 dries up or not. I don't think it will so some serious selling will have to occur to break through that. At this point I think its important to ask how far the downside really goes. If you think that we may break $400 and would rebuy at $375 is that worth the risk or is that more likely then a short term bounce to $570 ish? I think a short term bounce is more likely so would rather take profit on a long than risk being left behind on an uncertain short.

I think Houbi is going to test 2100 soon. They are the only exchange that hasnt "announced" - am I correct?

2100 will drag the other markets near or to 400.

Yes they haven't announced anything as far as I'm aware. However I know people keep saying that it is priced in but seriously after all the other exchanges have made their position clear who is expecting anything different from Huobi? I anticipate another short term dump but only by people to rebuy lower. I don't think there is many people in China who want to get out for good haven't already. The news that we get from there is sketchy at best but we and they have known since december this is coming.

All of this is just a good buying opportunity, as has been the case since around $600 people selling looking to rebuy lower after a 70% retraction do run the risk of being a victim of their own greed.

I think it is important to remember as well that a movement in price means vastly different margins for different players.

Would you dump your 1 coin now hoping to make $20 on it if we go to $400 or would you dump 30-40 coins (if that was say 10% of your stash) to rebuy $10-15 lower and make a tidy sum.



508. Post 6048384 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

Quote from: magicmexican on April 03, 2014, 08:22:53 AM
My overall prediction for the next 48 hours is a test close to $400, a lot will hinge on whether or not the support around $400 dries up or not. I don't think it will so some serious selling will have to occur to break through that. At this point I think its important to ask how far the downside really goes. If you think that we may break $400 and would rebuy at $375 is that worth the risk or is that more likely then a short term bounce to $570 ish? I think a short term bounce is more likely so would rather take profit on a long than risk being left behind on an uncertain short.

I think Houbi is going to test 2100 soon. They are the only exchange that hasnt "announced" - am I correct?

2100 will drag the other markets near or to 400.


I was thinking 2100'ish too, but last time we had like tons more volume and tons more of a momentum. I would be surprised that just the Huobi announcement would be enough to get us there, but i am not ruling it out.

Also I think if Huobi hits 2100 then without a doubt we are going below $400, no questions asked.



509. Post 6049077 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

Quote from: Pruden on April 03, 2014, 09:16:31 AM
Now its finally looking like a proper crash - LTC getting rekt'd, btc-e overdumping instead of juts blindly following china.

The only thing missing is the volume
I think you're reading volume the wrong way: The exchange market is very fragmented now, you need to add up the 3 largest for a proxy to what MtGox used to be for its whole history until about a year ago (90% market share).

24-hour volume is 120k in Bitstamp+Bitfinex+BTC-e: http://bitcoincharts.com/markets/

MtGox days with volume above 150k are few: http://bitcoincharts.com/charts/mtgoxUSD#rg60zigDailyzczsg2011-08-01zeg2013-04-04ztgSzm1g10zm2g25zv

Thus volume these days is actually quite large. Last thursday it was 160k by my count.

Therefore, this is the bottom. No one thinks the China blockade is a rumour anymore. Downside is exhausted.

Another thing is to look at the volume in $ terms.

Some of those days with gox with 150k of volume is when the price was like $50 or less. For the same $ amount at todays rate we would only need 19k btc volume...



510. Post 6051600 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

Quote from: billyjoeallen on April 03, 2014, 12:47:31 PM
Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.

It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.


I know opinions change and this isn't a low blow particularly but you really must be taking your forced liquidation badly. Two days ago it was choo choo and now your saying that anyone buying coins here would have to wait years for a profit.

What's changed in a day or so?



511. Post 6051957 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

Quote from: billyjoeallen on April 03, 2014, 01:23:24 PM
Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.

It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.


I know opinions change and this isn't a low blow particularly but you really must be taking your forced liquidation badly. Two days ago it was choo choo and now your saying that anyone buying coins here would have to wait years for a profit.

What's changed in a day or so?

I wasn't force liquidated although I might have been close by now if I had held. I saved thousands by wimping out at $478. Cutting your losses when the market turns against you is an essential part of trading. Just reading this forum, it is obvious that all of the weak hands have not been shaken out.

Okay fair enough I read it that you were forced liquidated. Well yeah obviously that's a good trade then but that still doesn't explain what you feel has changed in the last two days from being bullish to now super besrish . I'm just interested not calling you out . I don't think the forum sentiment has changed in the last two days...



512. Post 6057301 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.32h):

Hardly train time just abit of normal movement.



513. Post 6065481 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: serenitys on April 04, 2014, 08:10:42 AM
I have read sooooo much stuff (even read over half of THIS entire thread - dedicated n00b yo) - so yeah I definitely got crossed there, though it would've been even cooler of Satoshi if he'd have just coded the whole thing to make everyone financially secure and never impoverished since clearly he was already a genius level nerd  Grin

It must have taken weeks to read half this thread lol



514. Post 6065495 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: freebit13 on April 04, 2014, 08:18:27 AM
I have read sooooo much stuff (even read over half of THIS entire thread - dedicated n00b yo) - so yeah I definitely got crossed there, though it would've been even cooler of Satoshi if he'd have just coded the whole thing to make everyone financially secure and never impoverished since clearly he was already a genius level nerd  Grin
That's why he hasn't spent the millions of coins he mined... once the price is right and adoption is high enough, he'll probably find a way to distribute them to the poorest people on earth  Wink

Who will all instasell to buy some food crashing the price to 0  Cheesy



515. Post 6065802 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

What if April 15th rolls around and nothing happens just like the last deadlines that have trickled out of China. Its hardly ridiculous to think that while everyone sits around waiting for China news to drop the price again it generally creeps upwards leading to a couple of weeks of super worried bears



516. Post 6065885 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: ShroomsKit on April 04, 2014, 08:55:46 AM
What if April 15th rolls around and nothing happens just like the last deadlines that have trickled out of China. Its hardly ridiculous to think that while everyone sits around waiting for China news to drop the price again it generally creeps upwards leading to a couple of weeks of super worried bears

Rumour - we go down 100's.
Good news - we go up 20 dollars.

And in the interim we could easily go up $100 just waiting...



517. Post 6065930 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: TERA on April 04, 2014, 09:03:35 AM
What if April 15th rolls around and nothing happens just like the last deadlines that have trickled out of China. Its hardly ridiculous to think that while everyone sits around waiting for China news to drop the price again it generally creeps upwards leading to a couple of weeks of super worried bears

Rumour - we go down 100's.
Good news - we go up 20 dollars.

And in the interim we could easily go up $100 just waiting...
Good think I have trading indicators to tell me what to do.

Yes its fine for traders, any volatility either way is always good. That doesn't really help the mid term sellers that have sold in the expectation of bad news from China if it doesn't come what reason is there for a continued slide? Do you not think that without China we would be significantly higher than this and maybe in post gox recovery?



518. Post 6066197 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

You don't need big money to get on board in massive amounts to have a rally that can change the trend. If people stop selling and all the previous sellers begin to buy back in then a rally leading to a trend reversal can occur. I agree new big money needs to come aboard to take us towards new ATH but to break the current downtrend, not so much.



519. Post 6066785 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: chessnut on April 04, 2014, 10:25:39 AM
when people start getting bullish, better keep an eye on the 4 hour chart. we have a little wave up on average volume. reversal not confirmed yet.

but i would still be surprise to see lower 400. Smiley


http://bitbet.us/bet/798/bitcoin-to-drop-under-400-before-june/

 Grin

I bet before some nutter bet 10BTC that it would. good odds.

(I bet that it wouldnt)

Thats a pretty strong bet that it wont go lower at all and before June. Im generally feeling bullish atm to the degree where I dont predict a move down much more than $50-$80 but I wouldnt want to bet on not breaching $400 at all.



520. Post 6066795 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Some bigish buys and the 12h MACD just kissing. Sensing a mini rally.



521. Post 6066887 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: cee-euros on April 04, 2014, 10:43:10 AM
epic greed on btc-e, where do those that just bought at 450 think the price is headed?

up  Huh



522. Post 6066894 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Mini rally still catalysed by China though.



523. Post 6066994 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: cee-euros on April 04, 2014, 10:53:36 AM
epic greed on btc-e, where do those that just bought at 450 think the price is headed?

up  Huh
yeah no doubt, it would want to go up another 15-20 bucks (which it might) for that risk to pay off

So whats your point and how is that epic greed oh master trader and future teller?



524. Post 6067182 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: TeeBone on April 04, 2014, 11:10:33 AM
Nice head fake.

Poor bulls been in solitary confinement for months, any peak of light they're doing jumping jacks. You can go back to your corner now.

Meh, I'd call it a good couple of days trading while being bullish. An increase of $50 with three nice peaks to sell at = a tidy profit for a couple of days trading.



525. Post 6067321 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Some light chooing from China.

What have the historical increase / decrease days been over the last few weeks? I thought thurs/fri had been dump days recently.



526. Post 6067859 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

As a true believer though, at what point do you buy back. These people maybe buying your coins but your going to want them back if the price keeps rising. If your thoughts are well its pure profit and your not looking to put it back in to BTC then this is a weird time to be doing that.



527. Post 6067986 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: MinermanNC on April 04, 2014, 12:21:46 PM
what's that old song,,, knock knock knocking on 500's door"  Cheesy

Just more good things last couple days than bad things (mostly FUD) ... BTC is going to come back stronger than before

I have more asic miners being delivered today!  Wink

Good time to buy them with BTC as well  Wink



528. Post 6068051 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: billyjoeallen on April 04, 2014, 12:31:20 PM
As a true believer though, at what point do you buy back. These people maybe buying your coins but your going to want them back if the price keeps rising. If your thoughts are well its pure profit and your not looking to put it back in to BTC then this is a weird time to be doing that.

I already said I'll buy back some to defend The $400 wall and I'll save some fiat for the plunge to $266 support if it falls. I am a true believer, but I made some dumb-ass trades and I might be a dumb-ass for being a true believer also.

Nah not a dumb ass for being a true believer that's for sure. As one of the earlier guys I'm sure your early true belief has changed your life in some way for the better even if it was to all end here.



529. Post 6068884 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

We is dumping then yeah...



530. Post 6068937 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

and a bounce back in 3.2.1...



531. Post 6068957 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

BTC38 so its the same news... That was rubbish bears.

Does 1000 sell wall guy mean business?



532. Post 6069079 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Wall gone surprise surprise. Another rubbish attempt with no real selling pressure.



533. Post 6069886 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: ChrisML on April 04, 2014, 02:48:11 PM


What in the living fuck.

its like an Aurora coin with a premine but instead of giving coins to a nation they are giving coins to gox victims? GTFO?



534. Post 6070795 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

I dont see how ebay adding a category to sell virtual currency is particularly bullish. Its all overpriced and the main issue is still paypal. Ebay doesn't really care there just thinking about the fees



535. Post 6070965 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: droptable on April 04, 2014, 03:59:11 PM
I dont see how ebay adding a category to sell virtual currency is particularly bullish. Its all overpriced and the main issue is still paypal. Ebay doesn't really care there just thinking about the fees

absolutely overpriced - yes.

but the difference is, that instead of explaining for 3 hours to the generation of my parents how to register on a exchange, etc, i can point them to ebay.
overpriced but done with one email.



Disagree, local bitcoins, bitylicious etc are quick and easy and use a proper escrow system without the perils of ebay and paypal. You dont need verification or any such like. Its made it no easier at all...



536. Post 6071376 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: droptable on April 04, 2014, 04:09:56 PM
I dont see how ebay adding a category to sell virtual currency is particularly bullish. Its all overpriced and the main issue is still paypal. Ebay doesn't really care there just thinking about the fees

absolutely overpriced - yes.

but the difference is, that instead of explaining for 3 hours to the generation of my parents how to register on a exchange, etc, i can point them to ebay.
overpriced but done with one email.



Disagree, local bitcoins, bitylicious etc are quick and easy and use a proper escrow system without the perils of ebay and paypal. You dont need verification or any such like. Its made it no easier at all...

sorry, we will have to agree to disagree.

its a question of age, and a question of where in the world you are.
its much easier to point someone with a certain age and background to a ebay-auction than to something else.

the people i m talking about are using ebay (including paypal) on a daily basis.
no twitter, no facebook, no amazon.
and when their email-provider uses startTLS they need us because their "computer is broken".
but they know how to handle ebay.
sad but true. (and somehow sweet)

Thats fine you can agree to disagree all your like but its just not big news.

Your trying to tell me that the sort of person who has no twitter, facebook. Cant handle minor computer problems wants to invest and use a digital currency in beta? Um, yeah , okay.

Part of buying on ebay is that you need a wallet of your own. That either involves having your own client and learning how to use it backup your wallets etc or using an online wallet service. Again some know how is going to be needed in terms of their pub keys and details for their wallet if it is on something like blockchain.info.

On top of the fact your trying to tell me that these types of people want to invest in and use a digital currency your also trying to say that you would advise them to pay huge premiums for doing so with the risk of the deal not being smooth.

All that vs set up local bitcoins account and have all in one wallet and trust less buying place.

Besides ebay still havent said that its not against the rules to sell virtual currency as someone was banned for it recently according to another thread.



537. Post 6078093 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

The first double green candle we have had on the daily chart for about three weeks.



538. Post 6078180 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Huobi overtaking stamp



539. Post 6081607 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Suer low volume overnight again then. What is it going to take to turn this ship around ?



540. Post 6081899 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: EuroTrash on April 05, 2014, 11:42:15 AM
posting this for the sake of argument

2013 bottom


now


Looking at the volume of those two charts, why do posters in here keep telling us that we can't have a bottom without a huge increase in volume? Im not seeing a particularly large amount of volume around the 2013 bottom either or certainly not masses more than there is at the moment especially if you take $400 as the bottom from post gox shut down and this is just a China lead leg down.



541. Post 6082249 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

What are the odds that the 15th rolls around and nothing happens??



542. Post 6082290 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: Chang Hum on April 05, 2014, 12:19:22 PM
I think I'll cut my roughly 10% losses on BTC & LTC since last week and go all in on XCP since the first easy to access DEX will be live from tomorrow on the online Counterwallet https://bitcointalk.org/index.php?topic=395761.6980 , I can easily see a 400% + rise coming to put it on a level cap with the as of yet useless mastercoin.

Could you maybe give a run down of the basics of xcp??



543. Post 6083119 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: adamstgBit on April 05, 2014, 01:47:45 PM
Btw.

Some actually good news to cheer you up on an otherwise dull moment:
http://www.reddit.com/r/Bitcoin/comments/228rfd/bitcoin_app_store_for_ios_android_no_jailbreak/

this is pretty good news




As long as he can stay on the right side of their updates and loop holes its massive news. Only time will tell if he is able to do that but as an ex Apple employee he has a better chance than many.



544. Post 6084678 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Mini choo chop looking possible. A weekend pump would be a general change in the way things have been going as well.



545. Post 6096121 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

The support is building substantially and I am getting less and less inclined to think that $400 will be breached. A test close to it though, sure. Also with China having no fresh deposits tomorrow it will be interesting to see how any new money coming onto Stamp may move the market.



546. Post 6096226 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: igorr on April 06, 2014, 01:32:17 PM
The real bitstamp wall is 10 times lower.

You make no sense. Just random, ramblings...



547. Post 6096263 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

What planet are you living on where you say a wall is fake just because the exchange its on has less volume. Ever think maybe the people selling don't want Chinese Yen stuck on a Chinese exchange.



548. Post 6096644 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: plasticAiredale on April 06, 2014, 02:21:47 PM

Just, do the research, and everything will be clear.


I don't know why but this way of responding to the question reminds me of that crazy woman at the VP debates in 2012 ranting about Obama being a Communist and telling people to "study it out,  just study it out" instead of actually explaining why she believes it.

http://www.youtube.com/watch?v=2E87gciwebw

Never seen that before. Thanks, hilarious, reminds me of some people I know.



549. Post 6099582 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Im feeling pretty bullish short term based on the general price increase over the weekend. A fourth green daily candle and a 1d MACD cross could see the party get started.



550. Post 6099814 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.33h):

Quote from: Voktar on April 06, 2014, 06:51:45 PM
Hello all, long time without posting here. Are the bears gone finally? Time for bulls to show up?

I'm feeling a little bullish... Grin



Quite the opposite, some of our most hardened bulls have turned bearish at the strangest of time.



551. Post 6106694 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: fonzie on April 07, 2014, 08:17:56 AM
holy shit boys....500 BTC sell wall on BFX eaten!

Seller buys his own ask wall in one bit, to enleash bullish sentiment, puts a few small asks (20-40BTC) up afterwards that are bought from the "pigs" . Useful strategy in a low volume market when someone wants to get rid of coins.

And loses a few thousand in fees, hardly worth it really...



552. Post 6106720 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: JayJuanGee on April 07, 2014, 08:29:36 AM

Just my BTC0.00000002

I wished that we could fix these decimal places.. it is too complicated to count 8-ish decimal places.

For some reason, my brain starts to swim after about 4 decimal places.

This will always be a problem and one of the reason people like names to refer to the smaller denominations. All the decimal places is not in line with human readability and it is painful to try and do any sort of calculation off the cuff with so many decimal places. There's a reason we only use two decimal places in most situations.



553. Post 6106728 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Mmmm fresh fiat on Stamp and no China news to hold todays rally back could be an interesting day.



554. Post 6106861 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: chessnut on April 07, 2014, 08:39:15 AM
Does anyone honestly think that no more bad news will come out of China?

Do you honestly think it will make any difference?

what are they going to do, confirm the confirmation?

I think its niave to think that more bad news out of China doesnt drop the price again, its been confirmed pretty much since the announcment in december but every new announcement drops the price, This is due to the negativity of the news itself and also the sharks causing panic and selling on every bit of news. Its an effective stratergy as can be seen!



555. Post 6107180 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Chessnut registered in Jan this year, no offence but he is not a whale lol.



556. Post 6107292 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: ShroomsKit on April 07, 2014, 09:15:37 AM
Chessnut registered in Jan this year, no offence but he is not a whale lol.

I have no clue what he is nor do i care but what has his reg date have to do with it?
I could own 100k coins and register today.

It is my opinion... Plus someone with 100k coins doesn't post 1000 times in a few months. Far more things to be getting on with.



557. Post 6107421 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: JayJuanGee on April 07, 2014, 09:34:18 AM
@JayJuanGee

The situation is not as bad as it looks. Almost 31.5% are still somewhat bullish in this forum.

When China is out of the game what do you think in which range will we be tradin for months after that?
5-85$    - 9 (8.3%)
85$-140$    - 8 (7.4%)
140$-180$    - 6 (5.6%)
180$-250$    - 5 (4.6%)
250$-306$    - 14 (13%)
306$-400$    - 22 (20.4%)
400$-450$ (unrealistic option)    - 14 (13%)
450$-480$ (delusional option)    - 20 (18.5%)
0$ GAME OVER (igorr option)    - 6 (5.6%)
-100$    - 4 (3.7%)

Do you have a link for that survey?  And, where is the $480 and above option? 

And, the central  assumption of the poll seems to be bad, too.  China will NEVER be completely out of the BTC game.. you don't just shut off China like Mt. Gox.. it is NOT exactly the same as GOX.. and you cannot really shut the chinese off.. those facts do NOT really exist in the current situation.  Even GOX is NOT completely out of the BTC game yet.. b/c we are still getting fall out and I am sure GOX will continue to provide a certain amount of FUD and drama.. even though the GOX situation has largely been contained.

It was his own survey in his own thread, I think that adequately answers your questions lol



558. Post 6107482 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Just think Fonz if you had a sig campaign going for all those posts you could have got yourself some of that worthless BTC. You would never say no to extra shorting leverage, no ?



559. Post 6107562 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: EuroTrash on April 07, 2014, 09:50:30 AM
What if TERA is right?

Much fear

At this point most people agree it could go either way in the short-mid term. Someone predicting a general downwards movement has a 50-50 chance of being right at the moment as far as I can tell. Would consider her right if we bounced up to $5xx as she predicted and then headed down.



560. Post 6108229 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: fonzie on April 07, 2014, 11:01:07 AM
Sellbot on BTC-E continues to push the price down. If he is really staffed with an infinite amount of coins then i could really see CNBCīs prediciton as an possible option and we might go to -100$.

With your .0001 BTC he cant have all the coins  Grin



561. Post 6109703 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

I just cant wait until the 15th and neither Huobi or BTChina close. What gox showed us is these exchanges will try and be open as much as possible. why wouldn't they? The difference is with Gox and Huobi is that gox shut because they had no coins. All the other two need to do to stay open is move some servers.



562. Post 6110244 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: p0peji on April 07, 2014, 01:30:22 PM


It would need way more than 13 times as much money, you are forgetting that the BTC supply is still increasing. Money needs to be pumped into the BTC eco system for it to maintain its price, therefore if money is withdrawn from this system, the price will drop more rapidly than if the same amount of money was injected into it. This is why these so called BTC bulls (read: people who got in early and want to dump massive amounts of BTC at a good price) keep telling people to hodl.
Those are the same people who are pitching BTC to stupid money, saying that the dollar is inflationary etc., well atm the BTC is more inflationary than the USD.

Your wrong in your thinking. Theoretically you hardly need any new capital to create a higher price and/or higher market cap. This is due to how many coins are actually on sale at any one time.


It is exaggerated in coins that have a larger number of total coins. This is due to market cap being last price x coin supply. For example NXT has 999,997,096 coins that means for every dollar rise in price the market cap rises $999,997,096 dollars. People bitched about the same thing with Quark and the amount of coins it has that artifically inflated its market cap.

In the case of BTC if everyone but one guy took their coins from the ask side and one guy put his coin up for sale at $10,000. Once somebody buys that coin the last price of BTC is $10,000 and the market cap is $126,163,250,000. All that with just $10,000.



563. Post 6110720 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: p0peji on April 07, 2014, 01:59:13 PM


It would need way more than 13 times as much money, you are forgetting that the BTC supply is still increasing. Money needs to be pumped into the BTC eco system for it to maintain its price, therefore if money is withdrawn from this system, the price will drop more rapidly than if the same amount of money was injected into it. This is why these so called BTC bulls (read: people who got in early and want to dump massive amounts of BTC at a good price) keep telling people to hodl.
Those are the same people who are pitching BTC to stupid money, saying that the dollar is inflationary etc., well atm the BTC is more inflationary than the USD.

Your wrong in your thinking. Theoretically you hardly need any new capital to create a higher price and/or higher market cap. This is due to how many coins are actually on sale at any one time.


It is exaggerated in coins that have a larger number of total coins. This is due to market cap being last price x coin supply. For example NXT has 999,997,096 coins that means for every dollar rise in price the market cap rises $999,997,096 dollars. People bitched about the same thing with Quark and the amount of coins it has that artifically inflated its market cap.

In the case of BTC if everyone but one guy took their coins from the ask side and one guy put his coin up for sale at $10,000. Once somebody buys that coin the last price of BTC is $10,000 and the market cap is $126,163,250,000. All that with just $10,000.

This is exactly my point. This is the reason why certain people are trying to convince people to hold (holding will keep the coins out of circulation), thus making it easier for the price to increase. However I do not believe people get into bitcoin to hold. People get into bitcoin because of the wild stories they have heard of people becomming millionaires within a few years. Once this optimism wears off people will start to realize that they wont become rich holding bitcoin and will sell their stash.

I wasn't referencing your second point about people telling others to hold, thats your opinion. I think your incorrect with it, afterall why wouldnt these bulls your refering to have dumped at $1000+ thats a nice price compared to $4xx, but I'm not going to try and change your mind.

What I was referring to is your assertion towards how much new money you need for the price to rise and with that you were wrong. Futhermore you only need more money to maintain the price IF we are working under the assumption that new coins are sent straight to market, if they are not then you are again wrong and no new money is needed to keep the BTC price afloat.



564. Post 6111902 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: chromosoma on April 07, 2014, 03:36:02 PM

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

Because if people lose interest in something that already lost its value, you cant make it valuable again.
Like before fancy shells were "money". You could gather some shells on the beach, and then trade it  against bread, meat etc. But suddenly people did realise  that shells  have next to no value, so the lost interest to it.

Same will happen to BTC.

Because you can just go to the beach and get some BTC right  Roll Eyes



565. Post 6112326 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

The bears really are struggling at the moment, every attempted dump is met with buying meaning the buyers are there just not jumping on the train prematurely but quietly accumalating from all the panickers and pigs.



566. Post 6113568 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: billyjoeallen on April 07, 2014, 05:29:24 PM
The first person to panic wins if you get to buy back in lower.

This is true, first person to panic buy wins as well cause you get more coins for your mullah!



567. Post 6114932 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Another 1000 pages go by  Grin

To be honest yes I think there is more greed than fear at the moment for sure, you have begun to fear yet many around you are just playing it cool and buying some more.

I also think that greed in an asset that has sky rocketed like Bitcoin is going to be far more prevalent still.



568. Post 6115069 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: podyx on April 07, 2014, 07:27:03 PM
on 10k posts we'll be celebratin boys Cool

For fun, what do you think we will reach first?

$5k or 10k posts?

10k posts I think the next bubble pops before $5k



569. Post 6122408 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Another thing to remember with the shutting down of the smaller Chinese exchanges is which banks were they using if at all? It is likely that the smaller exchanges relied heavily on 3rd party payment processors and so makes sense that they would have to shut down. The larger exchanges who are making alot of money for the banks and dont completely rely on 3rd party payment processors aer likely to be unaffected?



570. Post 6122413 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: solex on April 08, 2014, 08:58:20 AM
Has Huobi stopped trading? Fixing OpenSSL maybe?

Funny is just read the ars article on this, scary stuff.



571. Post 6122620 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Really dont want to see a dump now, cant do anything as I refuse to log into Bitstamp until they sort out their SSL vunerability.



572. Post 6122723 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: chessnut on April 08, 2014, 09:22:46 AM
If this ssl vulnerablility has been a problem since 2011, why should we be worried now? are hackers targeting every site?

It depends if Perfect-Forward Security was used, if it wasn't then yeah were in the shit. If it was used then the sessions from before a private key is stolen are safe. There is also no knowing who and how many people knew about this and also which sites actually had heartbeat set up. Furthermore you dont know if anyone has actually stolen the private keys yet.



573. Post 6122791 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: solex on April 08, 2014, 09:32:58 AM
If this ssl vulnerablility has been a problem since 2011, why should we be worried now? are hackers targeting every site?

It depends if Perfect-Forward Security was used, if it wasn't then yeah were in the shit. If it was used then the sessions from before a private key is stolen are safe. There is also no knowing who and how many people knew about this and also which sites actually had heartbeat set up. Furthermore you dont know if anyone has actually stolen the private keys yet.

2FA enabled, like authenticator, would prevent any major damage to an account. Passwords best changed though.


Some people in the bitfinex thread are saying that their 2FA was compromised as well and positions closed as well as other internal transactions. Hackers were unable to withdraw though.

On that note Bitfinex have also fixed the vulnerability and are regenerting their ssl certs.



574. Post 6123825 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Hazek has addressed Bitstamps vunerability in the Bistamp thread.

In summary he says that the reason they come up as vunerable is most likely due to their anti DDoS provider as they have patched their back end. Logins as well as withdraws disabled until they confirm.



575. Post 6124025 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: el_rlee on April 08, 2014, 11:30:44 AM
Hazek has addressed Bitstamps vunerability in the Bistamp thread.

In summary he says that the reason they come up as vunerable is most likely due to their anti DDoS provider as they have patched their back end. Logins as well as withdraws disabled until they confirm.

Could you link to the posting? Thanks


No problem

https://bitcointalk.org/index.php?topic=38711.msg6123492#msg6123492



576. Post 6124468 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Looks like bter is accepting CNY deposits although Im not sure what the deposit screen said before it now says that RMB recharge mode is fixed and gives an address of bters bank. Strange ehy, getting an account just before the 'immenent' shutdown...




577. Post 6124710 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: fonzie on April 08, 2014, 12:32:53 PM
Have noticed that Kraken never seem to be effected by any of these bullshit issues and come out on top everytime yet their volume is still so low Huh

https://bitcointalk.org/index.php?topic=560015.0

That was cloudfare not Kraken but admittedly it also seems like Stamps issues at the moment are due to their DDos protection as well.



578. Post 6125074 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: seldon on April 08, 2014, 01:05:20 PM
Have noticed that Kraken never seem to be effected by any of these bullshit issues and come out on top everytime yet their volume is still so low Huh

Kraken is top a noch exchange, i would say it's the better out there, they only thing they are missing is volume. They where not affected by the malleability issue also.

Indeed, everything to do with Kraken so far was perfect. Maybe volume is low, because volume is low? Meaning, they are unattractive for bigger investors as they could not act without giant slippage.

Its the normal catch 22 effect which isnt helped by the general low volume across exchanges. Close to 5k 24hr volume on Stamp the last couple of days.

I think that once people move if it truly is better then volume will pick up quickly.



579. Post 6125080 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

So with Stamp logins disabled it seems we're going to be in for an even more boring day that we have had recently. Time to do something productive I guess  Roll Eyes



580. Post 6125549 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: adamstgBit on April 08, 2014, 01:42:42 PM
also, i just noticed this. sent out on the 6th
which is impressive
anyone know the TX for this?

Quote
STATEMENT REGARDING RECENT THIRD PARTY AUDIT REPORT
Dear Bitstamp clients,

On November 22nd and 23rd, 2013 an on site due diligence was carried out in respect of Bitstamp Ltd. on behalf of a 3rd party.

Bitstamp’s balance of BTC was validated by temporarily creating the largest single Bitcoin wallet and in the process the largest Bitcoin transaction in history.

The report identified that Bitstamp held 100% of validated BTC balance and USD funds. No material issues were raised as a consequence of the 3rd party’s investigations.

Original statement


Best regards,
Bitstamp team

If I remember rightly it made the news due to the size of the transaction around $100 million is the figure that springs to mind.



581. Post 6126314 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: Dalmar on April 08, 2014, 02:23:29 PM
Looks like another push on Huobi to break through the December trend line.  

http://s27.postimg.org/ulzl56vpv/image.png

The ATH resistance line is nowhere near that, but closer to 3400ish CNY.

Could you show us how you have drawn your ATH resistance line where it is shallow enough for it to be at 3400 currently?

By my quick reckoning jonoiv is about right...



EDIT: noticed that jonoiv's is steeper than I thought but still closer to ~2850 than ~3400.



582. Post 6126754 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: Dalmar on April 08, 2014, 02:53:35 PM
Could you show us how you have drawn your ATH resistance line where it is shallow enough for it to be at 3400 currently?

By my quick reckoning jonoiv is about right...

http://i.imgur.com/0zxIidF.png

EDIT: noticed that jonoiv's is steeper than I thought but still closer to ~2850 than ~3400.

If you connect the Nov 30 top (ATH on most non-Chinese exchanges) with the Jan 6 top on Huobi the line gets to about 3400 CNY on the daily. This line also accurately predicted the top of the Mar 4 bull trap.

Does it?

Connecting the Nov 30th top with the Jan 6 top on the daily shows that trend line being broken on the March 4th bulltrap and now acting as resistance?



A zoomed out example of where your drawing it may help me see where your coming from.



583. Post 6127036 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: Davyd05 on April 08, 2014, 03:15:00 PM
Just drew it and it hit the tops all the way to mar 5 nothing broke out.

edit re read,

2nd top nov 29-30th top connected to Jan 6 has it cut through the march 4th point and then perform resistance on my chart as well.

I was connecting Nov top with Jan's top

Okay that makes much more sense thought I was going crazy for a second. This is the overall chart I'm mainly looking to at the moment which is showing a clear breaking of the December trend based on the Jan 6th top and clear resistance based on the March 4th top together forming a bearish channel that we have been stuck in for the best part of a month.





584. Post 6137324 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: 600watt on April 09, 2014, 08:16:10 AM
Ponzi is by definition a crime. telling people to hold is no crime. that is far fetched...

Exactly and its not like bitcoin will collapse never to rise again if the people on this forum didnt hodl. Bitcoin is bigger than this thread  Wink



585. Post 6137788 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: chessnut on April 09, 2014, 09:06:28 AM
well, when you think about it...until the last coin is mined, btc needs constant inflow of cash to remain stable.

or people holding.

thats how the US dollar works lol. but really? I think professionals would manage liquidity for profit and we would have no problem keeping a turnover of bitcoins.

the US dollar is partly stable because most oil reserves are denominated in USD. if you want to buy and sell oil, you need to buy and sell USD. This is the buffer.

I wish that was true for bitcoin....... maybe bitcoin will take on a massive commodity market, like alpaca socks.

The difference is that Bitcoin itself is useful and unique and in all fairness is taking on a more comodity like being than a currency at the moment anyway.



586. Post 6137902 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: tarmi on April 09, 2014, 09:24:52 AM



exactly what I said. new money means price will go up. no new investors or money - price going down.

holders not holding - > crash.

In all fairness those things arent mutually exclusive attributors to a crash

No new investors != price going down.

No new investors + hodlers not holding = price going down.



587. Post 6138384 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: minerpumpkin on April 09, 2014, 09:49:47 AM
Ha... I think we're breaking out of the triangle horizontally right now... Is this unprecedented?

Maybe we'll just go horizontal forever  Grin



588. Post 6138582 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: chessnut on April 09, 2014, 10:37:15 AM
well I've said before, I think if china goes to sleep tonight and nothing much is happening, we will rally when USA wakes up. It has happened many times over the last week.

...interesting stuff btc6000.


I still don't think we'll see any significant rally till after the 15th just my $0.02

A spike and chance for a quick short before the 15th is likely though.



589. Post 6138715 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: lemonte on April 09, 2014, 10:41:03 AM
well I've said before, I think if china goes to sleep tonight and nothing much is happening, we will rally when USA wakes up. It has happened many times over the last week.

...interesting stuff btc6000.


I still don't think we'll see any significant rally till after the 15th just my $0.02

A spike and chance for a quick short before the 15th is likely though.

Agreed and even then i think the market will still be very nervous waiting for official guidelines about BTC.

Bobby Lee summed it up really well in one of the Coin summit videos when he suggested that China would be more likely to provide guidance and "get on board" once America has set up their frameworks (Something that does seem to be happening)

Its how I see it as well .

China just want to be in control, I personally dont care if they disapear or not, the short term price isnt going to affect my life.

The fact remains though that Chinese people will still use BTC and if the PBoC drives the market underground they wont be able to monitor it. I dont think they would pass up the chance to regulate and monitor, they just want to see how the US did first.



590. Post 6138751 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: chessnut on April 09, 2014, 10:54:52 AM
I dont think that tonight is the night for a large rally either, but I do think that the new uptrend will have begun before the 15th. In that case, time is quickly running out for the market to reach new lows.

On the 15th, good news or bad news, that will likely be the last opportunity to buy cheap coins (if we are still at 400) as the 'chinese ban' theme comes to an end.

I think the market will prepare for this, and we will be at 550 before next Wednesday, and back at home in the 600s within 2 weeks.

So if the news is bad you feel we dont go down and then a rally ignites due to no more China news and if its good we rally anyway?



591. Post 6138816 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: lemonte on April 09, 2014, 11:00:50 AM
I dont think that tonight is the night for a large rally either, but I do think that the new uptrend will have begun before the 15th. In that case, time is quickly running out for the market to reach new lows.

On the 15th, good news or bad news, that will likely be the last opportunity to buy cheap coins (if we are still at 400) as the 'chinese ban' theme comes to an end.

I think the market will prepare for this, and we will be at 550 before next Wednesday, and back at home in the 600s within 2 weeks.

I like how this plays out, but I am not sure about the 600s within 2 weeks. Don't forget, we still have the Gox fall out and Mark's day in court to come before we see that come to anywhere near a conclusion.

I agree with the gox fallout but how does Karpeles day in court have an efect on the price?



592. Post 6138831 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: chessnut on April 09, 2014, 11:00:37 AM
So if the news is bad you feel we dont go down and then a rally ignites due to no more China news and if its good we rally anyway?

More or less. If the news is bad, I think we will not manage to make new lows. the large players know that the 15th might be their last chance to buy into panic.

Its optimistic I'll give you that  Grin if the news is bad I definately think they lows will be tested and on its way down it will be interesting to see how much support disapears.



593. Post 6139000 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: JorgeStolfi on April 09, 2014, 11:14:59 AM


Good for her... but what about the guy who bought from her at above 1000 in December?  He too was told it was a good investment, but lost more than 55,000 € at this point...


Only if he sells at a loss... only way you loose money is by realizing a loss.



594. Post 6139326 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

$446 wall guy on BTC-e is doing some nice accumulation.



595. Post 6139399 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: p0peji on April 09, 2014, 11:45:18 AM
$446 wall guy on BTC-e is doing some nice accumulation.

Yes everything is just positive, no one is selling on Huobi everyone is just increasing their holdings, BTC going to the moon. Roll Eyes

Its okay, close your shorts, you'll sleep better.



596. Post 6139502 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: p0peji on April 09, 2014, 11:50:11 AM
$446 wall guy on BTC-e is doing some nice accumulation.

Yes everything is just positive, no one is selling on Huobi everyone is just increasing their holdings, BTC going to the moon. Roll Eyes

Its okay, close your shorts, you'll sleep better.

Your mom wont let me close my shorts Grin

Im sure she would if you asked nicely, seems your comebacks are as bad as your poker ability.



597. Post 6139556 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: JorgeStolfi on April 09, 2014, 11:53:47 AM
Good for her... but what about the guy who bought from her at above 1000 in December?  He too was told it was a good investment, but lost more than 55,000 € at this point...

Only if he sells at a loss... only way you loose money is by realizing a loss.
Depends on the viewpoint... One could also say that he lost over 100 k€ when he bought in December, but may still recover some of it, by pushing some or all of his loss onto someone else...  Grin

You mean by selling his coins to someone else? If he sold me all his coins now I have no loss only he does.



598. Post 6139973 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

$10-$15 price movement and everyones freaking out, hilarious.



599. Post 6141715 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: hdbuck on April 09, 2014, 02:20:44 PM
you gotta be kidding me, french major retailer annouced to accept bitcoin within this year... im turning fucking bullish!

-> http://www.coindesk.com/french-retail-chain-monoprix-accept-bitcoin-payments-year/

CHOOOCHOOO  MOFOOOOSSSSS Cheesy Cheesy Cheesy

edit: yeayyy im going to buy my groceries with bitcoins!

Pretty darn bullish, grocery shopping is one of the missing links in being able to live totally on BTC.



600. Post 6142128 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: ShroomsKit on April 09, 2014, 02:53:19 PM
to me these lows just give those who wanted in time to get it together.

Sure. Why not 100. Even more people can get in.
Bitcoin is 4, 5 years old? How many more years should people get in at the bottom?

Its not the bottom though is it, its just a chance to buy in for 3x less than what you may have been considering in December.



601. Post 6142433 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: ShroomsKit on April 09, 2014, 02:59:29 PM
to me these lows just give those who wanted in time to get it together.

Sure. Why not 100. Even more people can get in.
Bitcoin is 4, 5 years old? How many more years should people get in at the bottom?

Its not the bottom though is it, its just a chance to buy in for 3x less than what you may have been considering in December.

So, lets go down to 100. Is 400 is considered good then 100 must be amazing right?

Lets, I would sell most things I own for $100 coins again, would be pretty amazing



602. Post 6143201 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.34h):

Quote from: oda.krell on April 09, 2014, 03:58:19 PM
[...]

A kind of a self-fulfilling prophecy, yes. However, there was a 1w EMA downcross at the end of october 2013. How did that work out?

(a) Maybe I missed it, but I don't recall TERA specifying exactly which weekly EMAs crossed over, so it's hard to tell if you found a bad signal or not.

(b) That said, even if you did, keep in mind, we're not playing 'mathematical proof' here, where one counter example is enough. We're playing 'is my stochastic system better than a monkey throwing darts'. And if a signal is, say, right 3 out of 4 times, and assuming you have some form of risk control in place (basically something that allows you to let profitable positions run, while cutting short unprofitable ones), then there's a chance you have a system that beats the dart throwing monkeys*.


* Details very much matter of course, so the above is nothing but the most high level description of why history based trading works even if individual signals go wrong.

Yes, you're right. I didn't want to question the use of TA in general, it indeed works in so far as that it gives you an advantage over noobs/sheep. Even if only works 51% of the time instead of exactly 50%, that is a win over random walk.
What I was questioning was the absolute certainty with which some people here seem to "know" what will happen based on some simple technicals.
The probability that something totally unexpected will happen is still brutally high!

I completely agree, if phrased like that.

* * *

In any case, here's a ultra-condensed version why some of us are so bearish/worried (or maybe secretly happy?) about a continued decline.

First, there's nothing special about weekly, imo. I'll make the following case based on 3d, because I get slightly more signals like that. My choice of EMAs  is 'hand picked' to fit the history of the market in a certain way to make a case, I'm not going to pretend otherwise. I picked 3d EMA40 and EMA20 for this illustration. We have to go back to mtgox data to get a single, clear bearish crossover with those EMA parameters:



That bearish crossover happened approximately half-way (wrt time) through the 2011 bear market. Any further price swings didn't make the EMAs cross over again. (obviously, ignore everything right of the big red vertical line: that's the last chaotic period of mtgox trading, and can be ignored)

Now apply the same parameters to Bitstamp. Note that during the period where the data overlaps, the EMAs behaves similar, i.e. at the end of the last correction (mid 2013), the two EMAs got close, but never crossed over. Not surprising, since price was (almost) always highly correlated between the two exchanges.

Now, in the last week, there's finally another bearish crossover of the two EMAs.




The above is, in a nutshell, one of several reasons why some here are expecting a further decline in price.

Please note: Here's what I'm NOT saying: that it is /certain/ that we will go down further. Or that the number of signals I observed above give my method much statistical power. Or that momentum based trading is the alpha and omega of trading profitably.

Here is what I do conclude however: based on several technical signals (including, but not limited to the EMA/momentum one I showed above), there's the nagging suspicion that we are in a situation that is more like 2011, and less like 2012 or 2013.

Final note: if you would have traded based on the parameters above, i.e. sold at bearish CO in 2011, bought back again at bullish one, you would have made at most a minimal profit. So another claim I do *not* want to make is that you should sell now, and buy back when we CO again.

Thanks for this, the best and most educational post we've had here for a fair few pages.



603. Post 6152269 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Finally  Grin

Now can we bounce of $400 and finally move on. Jeez



604. Post 6152325 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: soullyG on April 10, 2014, 07:27:48 AM
Translation of the Huobi announcement from Reddit:

Quote
Announcement on the Temporary Cessation of Deposits via ICBC Cards on Huobi
Dear Huobi users:
Latest news from Huobi:
At roughly 10:00am today, we received notice from the Zhongguancun Branch of ICBC (Industrial and Commercial Bank) that they had been notified by operations management to cease providing service to Huobi, and would be closing Huobi's ICBC account by April 18.
At roughly 10:30, several of the Huobi partners rushed to the Zhongguancun Branch of Huobi to communicate with the Customer Manager.
The situation is as follows:
They did truly receive notice from higher up at the bank, requesting a halt to our ICBC Zhongguancun Account, effective April 18
The notice was an oral notice. The branch has not received anything in writing
When asked why other banks had not sent out the same notice, the response was that different banks may be interpreting policies in different ways, and may have different levels of sensitivity
When asked if there was any room for maneuvering, the answer was that there was none. The order had come from above, and there was nothing to discuss
When asked how to handle user funds in the future, the answer was that we could shift our funds to a different commercial bank, but not ICBC.
We asked the Customer Manager to provide his views on the Bitcoin policy and related matters, but since they did not represent ICBC's views, and had little direct bearing on Huobi's operations, they will not be explained point-by-point in this notice.
Today at 12:00, we rushed back to the office to release this notice. Before release of this notice, we did not notify any users or organizations in advance. Please keep an eye on this.
Huobi will officially suspend deposits through its ICBC Zhongguancun Branch account next Monday (April 14)(this will not affect users withdrawing cash from ICBC. We will use accounts at other banks to transfer the funds to your account). At present, this does not affect other banks. Huobi will release any new information immediately.


Weird wording at the end.



605. Post 6152421 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

It is the most fucked up situation ever though as theres no way to rally without China because as soon as the price difference increases enough the arbers will dump on Stamp



606. Post 6152953 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Can hear the pigs being slaughtered.

Just not worth it to try and quickly trade this, cant see it going much lower and the chance of a bounce is pretty high.



607. Post 6152959 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Looks like it could be a high volume day as well only 9 hours in and already more than the last few days.



608. Post 6153029 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: TERA on April 10, 2014, 08:38:35 AM


Oh yeah this is bullish as hell. With this kind of support, we're surely ready to reverse now. Let the rallies begin! Choo Choo.

Whats more bullish now than 4 days ago ? Surely we're still just following China till the exchanges drop lower and lower due to the arbers?



609. Post 6153177 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: FelixO on April 10, 2014, 08:52:56 AM
People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...



610. Post 6153381 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: Davyd05 on April 10, 2014, 09:08:43 AM
People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

Who knows its a mystery at this point, I beleive the oral communication part was between Huobi and their bank though not their bank and pboc?



611. Post 6153418 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: TERA on April 10, 2014, 09:13:56 AM
People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur



What is this "news" you keep talking about? China is a place, not a "news". There are real people, exchanges, coins, and fiat. If exchange banking goes down, the flow of fiat in decreases and the flow of coins being distributed increases.

The "news" that their banks were going to be closed, thus you can attempt to estimate the effect that those other things you mention will have. Not quiet sure what your trying to say.   Roll Eyes

Are you trying to tell me that the Chinese exchanges having their accounts closed is not news somehow?



612. Post 6153519 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: TERA on April 10, 2014, 09:22:09 AM

I'm saying that a change in cash flow due to something actually happening has a real and direct affect on the market regardless of what speculators think and is almost impossible to prepare for or 'price in'.

Okay, well I agree with you to a point but its not impossible to prepare for, if you anticipate based on the news that the price will drop due to exchanges bank accounts being closed then that is preparing for it, thus it gets priced in slightly.

Are you attempting to suggest that the price drop due to the confirmed news would have been the same amount even if people had not already heard it was likely and taken a position based on that.



613. Post 6153556 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: lebing on April 10, 2014, 09:27:01 AM
it seems that might be all of the ammo the bears had.

if so, the moon is not far away.

I've been reading exactly this every other day for 3 months now.

The difference now is that China has actually got to a sustainable solution. Now they have found a solution which provides the capital control they desperately needed without completely banning a revolutional technology. Similar to the compromise that they came to with the internet as whole.

In other words, we have reached peak China-bear-ness, which was something that could not be said 3 months ago.

True but also theres still plenty of time for Chinese people to sell, people will speculate up until the last moment and any drop in price in China will drag the west down due to arbers, while they have so much coin this is far from over...



614. Post 6153613 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: Cassius on April 10, 2014, 09:27:51 AM

I'm saying that a change in cash flow due to something actually happening has a real and direct affect on the market regardless of what speculators think and is almost impossible to prepare for or 'price in'.

Okay, well I agree with you to a point but its not impossible to prepare for, if you anticipate based on the news that the price will drop due to exchanges bank accounts being closed then that is preparing for it, thus it gets priced in slightly.

Are you attempting to suggest that the price drop due to the confirmed news would have been the same amount even if people had not already heard it was likely and taken a position based on that.

I won't speak for TERA, but 'news' is 'priced in' on guesswork. When banking services are withdrawn, we'll see how accurate the guesswork was.
This happens all the time, hence xxx news report saying 'shares rose as earnings exceeded expectations' or whatever.

Yes I'm agreeing with that, maybe coming at it from two slightly different angles is where the differences are. On one hand you have the price drop due to speculators anticipating the price drop and then on the other you have the actual effect the services being withdrawn may have.

My point of view as a non Chinese person and speculator is that if I sell based on the unconfrimed news I am anticipating and preparing for the drop and how it drops as a culmination of other speculators and the actual effect of the withdrawal of services doesn't really matter as theres no clear divide or way to tell.



615. Post 6153697 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: CoinThinker on April 10, 2014, 09:38:06 AM
One of the biggest problems I think is that there are no effective ways to deposit money for people who want to buy BTC. It's rubbish that all you can do is Bank transfers... Sad

I don't understand why Bitstamp doesn't include Neteller for example as a deposit option?? This way that exchange doesn't reflect reality. On one hand you have something which is there in minutes (BTC), but on the other hand you need to wait weeks (not to talk about that many will not make any bank transactions). I am sure if depositing money would be as easy as depositing BTC, the price would rocket up immediately.

You used to be able to use a lot of 3rd party services but most of them were stopped last year mainly due to KYC/AML I think.

The bank deposit thing I dont think is a massive problem. I can have a wire from my account and on Stamp in a couple of hours most of the time.



616. Post 6153820 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: Davyd05 on April 10, 2014, 09:51:14 AM
It was discussed somewhere, reddit or here that the major Chinese exchanges are trying to set up accounts in foreign countries and move bases of operations.

China is going to shoot themselves in the foot, losing out on all those fees for processing wires etc etc etc.

How does a Chinese person deposit to a foreign country ? Arent there strict controls surrounding that?



617. Post 6153917 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: sickpig on April 10, 2014, 09:58:48 AM
The bank deposit thing I dont think is a massive problem. I can have a wire from my account and on Stamp in a couple of hours most of the time.

wow that's fast. sepa or wire transfer?

SEPA from the UK. Obviously its not a couple hours 24/7 but if I make the payment on a morning around 9 I normally have it by half 11 ish.



618. Post 6154139 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Gotta say fonz at least your an entertaining troll and put all your effort in, better than those trolls that just say bitcoin is dead. So for that I thank you  Grin



619. Post 6154313 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: KFR on April 10, 2014, 10:31:56 AM
Gotta say fonz at least your an entertaining troll and put all your effort in, better than those trolls that just say bitcoin is dead. So for that I thank you  Grin

Thanks for encouraging them to waste more of our time and page space.  Roll Eyes

We don't really need to see "This user is currently ignored." filling every page.

Besides, there are far better places to go to for that kind of entertainment: https://www.youtube.com/playlist?list=PLFCAA1C9F5755B266



Hardly encouragement, it's not like bashing the trolls keeps them away, thats more encouraging in my experience. In fact on the contrary if they dont get a rise many give up.

Seeing the user ignored is hardly skin off your nose as long as the trolls arent quoted it makes no difference to your day and they're not going away anyway.

I'd much rather have no trolling but that's not really gonna happen. Trolls are for lols, relax.



620. Post 6154759 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: upupup on April 10, 2014, 10:59:50 AM
It doesnt really maters - fud its or not - bitcoin is going down for more than 4 months. How naive one must be to believe, that in a month or two it will boom to 500-1k? I say bars will run it down to the button, trample reputation and any wish for old-buyers to invest again. And then media will step over it again. No good

Im sure the people who watched it go to $2 from $30 stay there for longer than 4 months and then to $266 would disagree with you but ehy you know best right?!

Thats would be the equivalent of going to about $80 now, you seriously trying to say were going to $80?



621. Post 6156143 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

A bounce just creates another drop at this point, I'd be much happier creeping up again.

So what Chinese exchanges are left to announce their banks closing?



622. Post 6156195 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: kurious on April 10, 2014, 01:13:54 PM
The bank deposit thing I dont think is a massive problem. I can have a wire from my account and on Stamp in a couple of hours most of the time.

wow that's fast. sepa or wire transfer?

SEPA from the UK. Obviously its not a couple hours 24/7 but if I make the payment on a morning around 9 I normally have it by half 11 ish.

I haven't tried sepa in from uk - do you get the bank to send euros or send GBP via sepa...?

I haven't actually put fiat in for a long while, but I do use stamp so I would welcome 'best practice' advice.

I send Euros but Im not sure how much difference that would make to time taken, have done a dozen SEPA's and only one was delayed and that was the time around beggining of november when stamp had their bank Issues and we had to wait a few days.



623. Post 6156225 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: Guinpen on April 10, 2014, 01:19:32 PM
Newbie question again: what is this CCMF meme I keep hearing about?

Choo Choo Mother Fucker posted over general pictures of trains being badass  Cheesy



624. Post 6156408 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: mmitech on April 10, 2014, 01:29:13 PM
I think I am getting greedy, I just sent some of my savings to Bitstamp, if the price will drop more I will risk and add some more coins to my stash, I have mixed feelings about this as I don't know what is the point of growing my stash at this point.

Theres always point in growing your stash, Ive sent more fiat to Stamp recently but I've promised myself that it is only getting spent if we go ~25% lower, have increased my holdings enough over the last few weeks but can't say no to super cheap coins.



625. Post 6156420 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: Guinpen on April 10, 2014, 01:31:16 PM
Newbie question again: what is this CCMF meme I keep hearing about?

Choo Choo Mother Fucker posted over general pictures of trains being badass  Cheesy

Got it. Something like:



Just like that but just save it for when we're all feeling abit more bullish Wink



626. Post 6157197 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: jonoiv on April 10, 2014, 02:26:09 PM

[snip]


In all fairness though its not TA thats bringing the price down is it, its the uncertainty over China and the gox hangover and that is all. Pure and Simple.



627. Post 6157219 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Dumpy time... Retest of $400 incoming.



628. Post 6157522 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

LTC taking a beating through all this as well...



629. Post 6157593 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: adamstgBit on April 10, 2014, 02:56:34 PM
LTC taking a beating through all this as well...

its value is derived from BTC.


Its $ price is yes but not on the pair



630. Post 6157637 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: Davyd05 on April 10, 2014, 02:59:52 PM
LTC taking a beating through all this as well...

yar nearly quoted Joinov and some guy talking about how they' couldn't resist 12 dollar ltc. while he shits all over bitcoin, I'm sure the 9 dollar ltc is 1/4 more attractive than 12.

In other news

I mentioned earlier the idea that Huobi and other exchanges may leave or operate outside of China. They introduced an english ( U.S.A flag denoted ) version of their site.

Google translate from a reddit http://www.reddit.com/r/Bitcoin/comments/22os8f/huobicom_begins_an_english_version/

Recently, the world's largest digital currency currency trading platform fHuobi coming on-line network in English . It is reported that on-line in English is not only the English language in order to better serve the user , but also is the first Huobi net global strategy.
In the world of Internet banking ecosystem , the digital currency trading is one of the important part , and Huobi is a virtuous circle facilitator currency net monetary digital ecosystem . Platform has been open and transparent standard self-discipline, professional and safe service to investors. Vane type of business as the industry every move fire coins network represents the development direction of the industry. Internationalization is the trend, who grabbed the top spot in overseas markets , we must speak with strength. Huobi network is the platform for the strongest , the biggest team size , the highest degree of transparency in the trading platform . Moreover, according to a Huobi official currency network news , the platform has not only been the world's top VC investments , and hire a professional accounting firm to conduct a financial audit of fire currency network , while financial audit report will be made ​​public . This series of moves , the industry was considered part of the global network of Huobi layout .
About this time in English on-line, network co-founder Du Huobi have said : as a responsible trading platform , Huobi is committed to providing professional services to more secure for users worldwide , the digital currency in this industry, international technology is inevitable, the English version of the trading platform is not only to provide a better option for English language users, but also conform to a measure of the market. Want in a competitive environment for a long time survival and development , follow the trend , honesty and self-discipline , and constantly open up the rules of survival is the platform.
Platform in the shuffle , the industry needs self-discipline. In all current trading platform , the fire coins network has an absolute advantage in market share , but also has a strong team to support , not only by the users worldwide recognition, there is no doubt become the industry leader. On this path of globalization , the fire is undoubtedly the domestic currency network platform to go the farthest and most stable one , the industry structure of digital money is also increasingly clear .



Surely if they are able to operate outside of China that will be the best outcome for everyone, while operating in China and being exclusively for Chinese persons a ban in China means all buyers dry up and no new deposits means anyone with fiat on there will be looking to buy up as many coins as possible for an insta arb. If they can transition to outside of China that gives people outside of China aa way to slowly soak up those coins and means fresh fiat is able to hit the exchanges to keep the price from crashing without any buyers.



631. Post 6157730 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Leys see how real the wall is then.



632. Post 6157761 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Goodbye $400



633. Post 6157852 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Im buying...



634. Post 6158048 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: 7thKingdom on April 10, 2014, 03:27:36 PM
Seriously that 400 wall felt like a life-line. This will be an interesting day indeed

You can't be serious...

You felt like that ridiculous wall was solid and not going to be pulled?

It wasn't pulled though

yep. There was a 2300btc sell.

No, that 1,000+ wall was pulled.  It was pulled and then turned into a sell down into the support that formed in behind it.

No one sold through that wall, the wall was removed and turned into the sell.

The wall was bought...

What are you talking about, a buy doesnt turn into a sell.



635. Post 6158128 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: billyjoeallen on April 10, 2014, 03:32:38 PM
Im buying...

There's no volume defense at all! You're buying into a fucking blender.

Yeah buying at $380 and selling just at $400 shit trade that one...



636. Post 6158411 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

How many sellers do people think are really selling and making bank and not just looking to buy lower?



637. Post 6160974 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):


Quote from: adamstgBit on April 10, 2014, 06:23:45 PM
I cant take it anymore

I have arranged to be cryogenically frozen.

they will though me out when bitcoin reaches 1,000,000$ or 2020 whichever comes first.

Its been fun guys.

see you in a few years, Hopefully sooner!



Sounds like the right plan at the moment...



638. Post 6161200 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: aminorex on April 10, 2014, 07:06:56 PM
Jorge is so far over the shark, that the Lewis trilemma applies.

I propose an escrowed reward pool for whoever can conclusively demonstrate Jorge's bitcoin holdings in excess of 25 btc by 30 June 2014, midnight.



Ill chip into that lol



639. Post 6161543 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Thing is is its literally controlled by China not technicals $382 as support doesnt mean anything when we're following Chinas every move...



640. Post 6162874 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: cbutters on April 10, 2014, 09:19:30 PM
mtgox returns!?
http://online.wsj.com/news/articles/SB10001424052702303873604579493901002691642

Great, thats all we need!



641. Post 6162877 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: magicmexican on April 10, 2014, 09:20:39 PM
Creditors, who have been stuck in limbo since their accounts were frozen, would have the option of receiving a prorated payment from the 200,000 recovered bitcoins, an estimated 20% recovery value on their claims, or receiving the equivalent amount in equity in the new exchange.

Goxcoin on the pump!

Bet Josh is buzzing!



642. Post 6162985 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: surfer43 on April 10, 2014, 09:29:53 PM
They are offering buying gox for $400 .. just saying  Cheesy

Quote
The investor group, which includes Brock Pierce, a former child actor-turned technology entrepreneur, is offering a token payment of one bitcoin, or about $400, to buy the exchange outright, according to these people. The acquisition must be approved by a Japanese bankruptcy court.
Plz post whole article?


Investor Group Seeks Court OK to Buy, Revive Bankrupt Bitcoin Exchange Mt. Gox
A group of investors with Hollywood ties is seeking to revive bankrupt bitcoin-trading exchange Mt. Gox, according to people familiar with the matter.
The investor group, which includes Brock Pierce, a former child actor-turned technology entrepreneur, is offering a token payment of one bitcoin, or about $400, to buy the exchange outright, according to these people. The acquisition must be approved by a Japanese bankruptcy court.
Mt. Gox collapsed in February after disclosing that 750,000 bitcoins belonging to customers had vanished, along with an additional 100,000 bitcoins owned by the virtual-currency exchange. Since then, about 200,000 bitcoins have been recovered and are part of the exchange's assets.
The investor group hopes to revive the exchange and set aside 50% of its transaction fees to pay back burned customers and other creditors over time, according to documents filed to the Japanese bankruptcy court and reviewed by The Wall Street Journal.
The near-zero valuation of the proposed deal could to be a hurdle in bankruptcy court.
According to people familiar with the plan, the group is justifying the low price because of the "information vacuum" over Mt. Gox's 550,000 missing bitcoins, currently worth about $220 million. It isn't possible to place a value on the lost coins, they said.
Creditors, who have been stuck in limbo since their accounts were frozen, would have the option of receiving a prorated payment from the 200,000 recovered bitcoins, an estimated 20% recovery value on their claims, or receiving the equivalent amount in equity in the new exchange.
Launched in 2009, bitcoin is a computer-driven currency that isn't backed by a central bank. Users "mine," or create, bitcoins by tapping high-powered computers to answer complex mathematical problems. The coins are stored in digital wallets that have proven to be susceptible to hacking.
Bitcoin's price soared to more than $1,100 in November before plunging as Chinese government officials clamped down on bitcoin trading and Mt. Gox lurched toward bankruptcy. The Tokyo exchange halted customer withdrawals in dollars last year, and in February stopped allowing customers to withdraw money in any currency.
The potential revival of Mt. Gox, which had struggled with technical problems for months before its collapse, comes at a critical time for the virtual currency. A wave of big investors are pouring money into startup bitcoin businesses, but price volatility and regulatory scrutiny are creating uncertainty about the currency's long-term prospects.
Mr. Pierce, 33 years old, appeared in "The Mighty Ducks" movie series in the 1990s, and has since become an investor focused on technology companies.
Other investors in the group include venture capitalists William Quigley, the managing director of Santa Monica, Calif.-based Clearstone Venture Partners and a former financial director Disney Inc.'s licensing businesses; and Matthew Roszak, a partner at Chicago-based SilkRoad Equity, a venture-capital firm. John Betts, who ran electronic trading platforms at Morgan Stanley and Goldman Sachs Group Inc., would be the chief executive of the proposed new firm, according to the plan.



643. Post 6163069 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

LTC is dying lols...



644. Post 6163083 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: hlynur on April 10, 2014, 09:36:47 PM

hu strange...link not working for me. (using waterfox with noscript & ghostery).

No as in I copy and pasted the article in a post above.



645. Post 6163278 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

We gonna see another flash to $100 on BTC-e due to them not having enough fiat for all the panicers



646. Post 6163504 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Its definitely starting to hurt...



647. Post 6163615 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Quote from: magicmexican on April 10, 2014, 10:18:10 PM
Its almost like the Chiniese cant sell on their exchanges and moved their coins to btc-e to dump

But they can sell on their exchanges :/



648. Post 6163732 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

What are BTC-e doing  Roll Eyes



649. Post 6163978 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

Some big buys happening on Stamp. Looks like no sleep tonight



650. Post 6164328 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.35h):

This is so bad



651. Post 6168443 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

So glad I bought in the mid $3XX and fell asleep. Woke up to something positive for a change!

Now Huobi leading again... Will this ever end  Grin



652. Post 6169182 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: magicmexican on April 11, 2014, 08:13:53 AM
Looks like btc-e will be first to trap some noobs

You feeling a bear trap ? I personally think this bounce to $4XX was another good chance to short as I'm confident in the next few days we will retest those lows. As per bullish mid to long term but bearish right now.



653. Post 6169425 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: magicmexican on April 11, 2014, 08:49:50 AM
Looks like btc-e will be first to trap some noobs

You feeling a bear trap ? I personally think this bounce to $4XX was another good chance to short as I'm confident in the next few days we will retest those lows. As per bullish mid to long term but bearish right now.

No i dont think that retest is coming, 360-370 maybe, 35-40% chance

I hope your right but it wouldn't take much to take it back down, at this point in time theres a plethora of FUD that could take us back there.



654. Post 6169690 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: ShroomsKit on April 11, 2014, 09:19:58 AM
So the reason we went down 100's was fear of a potential China ban. Today we learn that China won't ban Bitcoin. What does everybody do? They sell.
Well done traders and sheep. Well done for being complete idiots.

Everybody has known it wasn't a ban for months, what we are fearing is a complete shut down of Chinese exchanges and thus Chinese coins being dumped on the west.

Just like gox I want them to just shut up and shut down now. When everyone realises how fake the trading data is and how many coins the Chinese actualyl have it may be time to start to think about a real Choo Choo.



655. Post 6170279 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: NewLiberty on April 11, 2014, 10:24:54 AM


I don't know, this chart is not really screaming reversal. A major support was just broken on LOW volume on bitstamp and everything is still being driven out of china. The only thing fueling this is misinformation and hype over a statement that a banker made and people think it means the bank closures will stop but they are wrong.

Yes, not screaming reversal, the volume was pretty thin, good observation.  A drop-bounce on such thin volume is sort of weird, as if trying to prove the "bitcoin is too volatile" mantra.
For volume, the Dec dip was BTC-e/gox, the Feb was Huobi/BTC-china, and this was mostly on bitstamp.
There is distribution on bitstamp and accumulation on China exchanges, so this Chinese ban stuff seems to affect sentiment outside China more than inside.
When accumulation does start, it tends to snowball, so accumulation/distribution has been a pretty reliable spike forecaster.

How do you distinguish between distribution and accumulation?



656. Post 6170725 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Perfect shorting spot if you managed to buy in the mid $300's



657. Post 6170796 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: magicmexican on April 11, 2014, 11:12:57 AM
Perfect shorting spot if you managed to buy in the mid $300's

Its far from perfect, more like perfect if you are greedy and want some small gains

Firstly as a day trader its all about multiple small gains with your trading stash, also do you seriously think that we're more likely to go up to $5xx or at some point in the next week of China Fud we will go down to somewhere like $360-$370? Its not greedy its riding the swings, not everybody taking short positions is screaming for a crash to $100 and saying bitcoin is doomed.



658. Post 6170952 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: magicmexican on April 11, 2014, 11:27:40 AM
Perfect shorting spot if you managed to buy in the mid $300's

Its far from perfect, more like perfect if you are greedy and want some small gains

Firstly as a day trader its all about multiple small gains with your trading stash, also do you seriously think that we're more likely to go up to $5xx or at some point in the next week of China Fud we will go down to somewhere like $360-$370? Its not greedy its riding the swings, not everybody taking short positions is screaming for a crash to $100 and saying bitcoin is doomed.

I think shorting now hoping to see 360 or below is kinda greedy, but if you want to do it i would atleast wait for 2600+ on huobi because its the local 50% fibo level that could be the resistance:



If we get there yeah, see it as profit taking from $350 then rather than shorting... You said yourself in Ristos thread that you can see the bear trap to $360-$370 Im just placing a small bet on it rather than just predicting it Wink



659. Post 6171159 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

899 btc buy wall flashed at $400 and removed and now at $405.



660. Post 6171179 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: Hunyadi on April 11, 2014, 11:51:57 AM
899 btc buy wall flashed at $400 and removed and now at $405.

Nice! It begins.

Removed again though, more than likely someone getting their sells filled.



661. Post 6171223 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: magicmexican on April 11, 2014, 11:56:39 AM
oh wow we could actually finish the day @420+

Thanks for convincing me to wait and see for at least the 50% fib line  Grin



662. Post 6171580 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: Mervyn_Pumpkinhead on April 11, 2014, 12:26:15 PM
There will be a delay between the time when the coins bought on Huobi will be sold on BTC-E again. There will be a lot of chaos and drama until this process is over.

What are you on about, with $0 spread and the fact the price has moved past where you could have bought Huobi coins, just be quiet if you're gonna spout dribble.



663. Post 6171666 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Definately in short squeeze territory. Feel sorry for anyone leveraged short at anything below $400, thats gotta hurt at the risk of being liquidated by this spike.



664. Post 6171676 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

726 market buy mmmmmm

Edit: closer to 1000BTC



665. Post 6171806 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: Mervyn_Pumpkinhead on April 11, 2014, 12:41:46 PM
There will be a delay between the time when the coins bought on Huobi will be sold on BTC-E again. There will be a lot of chaos and drama until this process is over.

What are you on about, with $0 spread and the fact the price has moved past where you could have bought Huobi coins, just be quiet if you're gonna spout dribble.

No thank you, I have told countless times that I won't buy into the rises that are only fueled by the desperation and denial of the fools Smiley Too unstable and unpredictable to be an good gamble.

Anyway, it'll be fun to see the drama when the wave breaks. When people are genuinely surprised again on why is this happening.

That has nothing to do with your assertion that coins are being bought on Huobi and sent to BTC-e. You do realise the Chinese can withdraw their FIAT still so why would they want USD sitting in an overseas exchange.

Thats cool don't buy into the rises but you just missed out on a 20% rise whether it goes back down again or not. In fact it should be an even easier sell for you as your so sure we're doomed. By being a perma bear you missed this train .



666. Post 6171919 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: Mervyn_Pumpkinhead on April 11, 2014, 12:54:18 PM
[random bullshit]

OK



667. Post 6172341 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: ChrisML on April 11, 2014, 01:08:38 PM
By the way, where is that guy who pushed in $50k at MTGox just before it got burned?

Hasnt been on since he came and said how much he lost... so sad



668. Post 6172744 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: Mythul on April 11, 2014, 01:55:47 PM
I guess the $102 guy was a retard after all !

He was a retard either way even if we were sitting at $10 he could have got $1000's more for his coins.



669. Post 6173090 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: Walsoraj on April 11, 2014, 02:18:45 PM
What's strange to me is that there's really no news here. We already knew China wasn't outright banning BTC...yet.

Yea and bitcoin isn't a very attractive investment if the price isn't constantly rising. Won't happen with the ban on deposits. China has effectively banned bitcoin without banning bitcoin.

Lets just see how many coins the Chinese actually have when the deposits stop. Just because you cant deposit YEN into your account doesnt mean that you don't want BTC at all.



670. Post 6174380 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: mmitech on April 11, 2014, 04:13:38 PM
on the shadow of the latest PBOC released a statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....

Who is this someone ?



671. Post 6175313 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: mmitech on April 11, 2014, 04:16:37 PM
here https://litecointalk.org/index.php?topic=17188.msg157943#msg157943

Lol so a post from someone on a forum...

No offence they could be completely right but you've been here long enough to know you dont make decisions based on someone on a forums postings. Thats rule #1



672. Post 6175336 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: JorgeStolfi on April 11, 2014, 05:27:25 PM
I dont like when people try to ridicule "buy and hold" approach, nothing wrong with buying btc as longterm investment.
Long term investment is a sensible choice, if the odds are favorable. For company stocks, it is even the "right" strategy.

But cutting losses and short-term trading are sensible choices too, in other conditions.

So why is it forbidden to express negative opinions that imply "don't buy" or "sell"?  When "FUD" means "Facts and Unambiguous Data", any fear, uncertainty, and doubts that may result are good things.



C'mon Jorge FUD means fear, uncertainty and doubt. Where have you ever seen it refered to as such in a market situation...



673. Post 6175865 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: JayJuanGee on April 11, 2014, 06:00:51 PM
I've been buying all along, and my latest buying point was around $390.  I did NOT go all in at that point b/c I was anticipating that we would get another price drop on saturday or at least sometime between then and early sunday.. then, thereafter,  the BTC prices would be heading upwards. 

However, if we are heading upwards today, or this is a prolonged upward bull trap, then the saturday price drop may only bring us back to today's prices.  It is so difficult to predict exactly if NOW is a good time to buy, or to wait a little.  It is possible that we will NOT see below $400 anymore?

Ask yourself, is the China FUD over? Has anything changed from yesterday in regards to what we know? Is it likely that at some point either before or on the 18th there will be some news that sends us straight back into sub $400 territory even if only briefly. Discard the PBoC statement regarding them not banning bitcoin, everyone knew that anyway and certainly the people with the coin or cash to move the market definitely knew that.



674. Post 6175895 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: billyjoeallen on April 11, 2014, 06:09:44 PM
Who here has money in case there is a weekend dip or a retest of $340?? BTC may go to the moon from here and if so, awesome. I'll cash out my trading stash and reload from cold storage. But what if there's another dump? You have to be flexible in case the unexpected happens.

If you want to make money day trading and help the Bitcoin economy at the same time, you don't buy at the top of a 20% rally.  Missing the train isn't any more of a risk at this point than missing the next dump.  I usually consider Friday to be "idiot with a paycheck day" and do the opposite of what everybody else is doing. I'm looking for an opportunity to partially buy back in and this certainly isn't it.

A push back from $340 is a very good long term sign, but that doesn't mean there isn't $4K coins in sell orders to get us back to where we were two days ago.



Precisely, I actually agree with you for the first time in a week or so  Wink

I've adjusted my position accordingly and can see it go up another couple hundred dollars till I have to buy back evens on the coins I sold. Thanks go to MagicMexican for convincing me to hold off on my sell order for another $30/BTC extra this morning  Grin



675. Post 6175986 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: magicmexican on April 11, 2014, 06:17:55 PM
I've been buying all along, and my latest buying point was around $390.  I did NOT go all in at that point b/c I was anticipating that we would get another price drop on saturday or at least sometime between then and early sunday.. then, thereafter,  the BTC prices would be heading upwards.  

However, if we are heading upwards today, or this is a prolonged upward bull trap, then the saturday price drop may only bring us back to today's prices.  It is so difficult to predict exactly if NOW is a good time to buy, or to wait a little.  It is possible that we will NOT see below $400 anymore?

Ask yourself, is the China FUD over? Has anything changed from yesterday in regards to what we know? Is it likely that at some point either before or on the 18th there will be some news that sends us straight back into sub $400 territory even if only briefly. Discard the PBoC statement regarding them not banning bitcoin, everyone knew that anyway and certainly the people with the coin or cash to move the market definitely knew that.

I dont think this is a very solid approach, if i remember the december china crash correctly, the reversal wasnt based on some "positive news that puts an end to the china fud", its just kinda happened. I doubt we will see the proper "green light" this time either.

That's because there wasn't an end to the China FUD clearly its still going... Can you answer yes to those two questions and no to the third?

What is your prediction then of the effect on the market that Houbi OKCoin etc actually being unable to be deposited to? Or are we now of the belief that China doesn't matter anymore?  Im not saying this is going to happen but Jay asked is it possible we wont see below $400 again.



676. Post 6176082 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: magicmexican on April 11, 2014, 06:27:22 PM
Quote
That's because there wasn't an end to the China FUD clearly its still going... Can you answer yes to those two questions and no to the third?

What is your prediction then of the effect that Houbi OKCoin etc actually being unable to be deposited to?  Im not saying this is going to happen but Jay asked is it possible we wont see below $400 again.

Honestly i have no clue, market could certainly go full retard dump mode, thats true.

I think as long as the China holds powers to control the market they will abuse it to the maximum potential, its too tempting too pass up.

Exactly, at least a week till we see the actual effects rather than what the market thinks will be the effect. A week more of Chinese ass raping is a long time and a lot of price movement in Bitcoin land.



677. Post 6176188 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: bitcoinsrus on April 11, 2014, 06:36:39 PM
Must confess I wish I bought and kept some coins from yesterday  Grin

I own a time machine and I will take you back to one time frame.  24 hours it is.....Although, you could have gone back to feb 11 2009  Undecided

Better yet, go back to 2008, try to get in touch with Satoshi (all the while being ready to start mining the shit out of bitcoin as soon it is released),  only to realize after some unsuccesfull attempts....  YOU are Satoshi !


You know, the funny thing is that if people could time travel, I am sure we would all copy the code and go back to like 2008 or 2007 or something and just become satoshi  Grin

Nah I wouldn't wanna be him just look at what happened to Dorian on the inkling that he was Satoshi. Much rather be someone like Hal who was just there very early. Just as wealthy without the world looking for you.



678. Post 6184666 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Morning, most peaceful  nights sleep in a week or so. Heads a bit sore though  Grin

As I expected and Tera also alluded to as well the volume drop off coupled with the fact that nothings really changed until we see what really happens when deposits stop and the fact its a weekend  leads me to be fairly confident of my short term short from $43X  with a target just above $400 ish. Its just a hedge against my main stash and I'd much rather see us going on a mad bull run and breaking all the technicals  Wink

Even better would be some nice consolidation in this area only a small drop maybe due to the fact something is guaranteed to happen with China in the next few days before the real lift off.



679. Post 6184671 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: spooderman on April 12, 2014, 11:35:15 AM
Noobs be high as fuck reading the whole wikipedia entry on dinosaurs wondering how it relates to trading patterns.

Just wait till one quotes it  Grin



680. Post 6186325 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: JorgeStolfi on April 12, 2014, 02:23:17 PM
Indeed, some exchanges truncate their order book (BTC-E for example).
But the bid/ask sums may not be that meaningless, their scope is just limited to the provided range of orders.
Eventually, accuracy of this metric depends on the distribution of orders in the book.
Perhaps one needs some indicator of order depth that is less sensitive to truncation? E.g., weighted total sum of order size (BTC), where the weight decays exponentially with the difference between order price and current price?

With such a formula, one could compute relatively tight upper and lower bounds for the indicator, even from a truncated order book.

Its a good idea and one that I've thought of before, its not something I have the time or maybe even the skills for but Im sure there are people who could do this, in fact Im sure some probably already have.



681. Post 6188545 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Back down to super low volume. Are we thinking consolidation and up or are we just waiting for the next bit of news.



682. Post 6191008 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Im more optimistic but Im waiting until the exchanges actually lose their bank accounts and the 15th-18th passes nothings really changed in the last few days other than breaking the previous lows. This could easily be retested on any China FUD



683. Post 6191151 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: NewLiberty on April 12, 2014, 10:23:08 PM
Im more optimistic but Im waiting until the exchanges actually lose their bank accounts and the 15th-18th passes nothings really changed in the last few days other than breaking the previous lows. This could easily be retested on any China FUD
China is accumulating, while bitstamp is still selling.
The China news is already baked in to the price so unless they start executing people for having bitcoins, the only FUD you are going to see is rehashing old news.

I agree it is baked into the price to some degree but that doesn't mean that the exchanges actually having no way of being deposited to will have no effect. It will. Furthermore since when did it matter if news was old or rehashed, its pretty much whats been happening since december  Wink



684. Post 6192340 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

I think its going to be safe to get some sleep tonight  Grin



685. Post 6192418 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Quote from: jonoiv on April 13, 2014, 01:24:26 AM
I think its going to be safe to get some sleep tonight  Grin

hey, less than 24 hours before the 14th!! sleep well, but maybe set your alarm! Cheesy

+1
Yer if you have android download bitcoinium if you haven't already.  and set the max high and low price in the alarm settings.  

Don't worry I always set alarms just tonight I don't think I'll be hearing them  Cheesy I need to try out bitcoinium but use bitcointicker.co which has alarms as well although the fog horn alarm still scares the shit out of me every time  Grin



686. Post 6195296 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.36h):

Cant wait for the next bull run, Jorge your going to have so much fun  Grin 

Buy a Bitcoin  Wink



687. Post 6203314 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

As expected the price dropped slightly but all in all a fairly stable weekend. Gonna be a rough week though  Sad



688. Post 6203383 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: roslinpl on April 13, 2014, 08:17:24 PM

Ha !!! Price up! Smiley Can you believe it? Sunday night (for me) and price is going up xD
My predictions for next week are good IMO Smiley

Price will skyrocket till friday!

What do you base that on ?



689. Post 6203948 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

The distribution of mining is a problem you cant deny that the majority of new hashing power is not coming from the average joe.



690. Post 6204051 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: niothor on April 13, 2014, 09:07:04 PM
The distribution of mining is a problem you cant deny that the majority of new hashing power is not coming from the average joe.

Why should it come from the average joe? Was bitcoin purpose the redistribution of wealth and I wasn't aware of it?

Its worrying if you dont see how distributed mining is absolutely necessary for a number of reasons. Its not so bad when you can see pools mining blocks but what do you think everyone would start thinking if a huge amount of hashing power came online from an unknown source and was finding all the blocks?



691. Post 6204186 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: niothor on April 13, 2014, 09:22:20 PM
The distribution of mining is a problem you cant deny that the majority of new hashing power is not coming from the average joe.

Why should it come from the average joe? Was bitcoin purpose the redistribution of wealth and I wasn't aware of it?

Its worrying if you dont see how distributed mining is absolutely necessary for a number of reasons. Its not so bad when you can see pools mining blocks but what do you think everyone would start thinking if a huge amount of hashing power came online from an unknown source and was finding all the blocks?

So because people are panicking I should panic too?

So what is ghash is controlling 51%. If ghash had 20% , hashme 20% and extrahash 11% everybody would be happy without even thinking they might be the same company?

http://learncryptography.com/51-attack/
515 is soooo overrated

Im not panicking in the slightest just that its slightly concerning and not particularly healthy. 51% attack isnt the only thing that having the majority of the mining power would make possible. Also accepting changes to the source code by upgrading not upgrading is possible as well? Im also not talking about the current situation where a lot of the power is coming from visible sources, I'm talking more in the future where it could all be coming from unknown sources with no known sources finding any block. If Bitcoin got very valuable someone could cash in big time on locking up the mining power.



692. Post 6209046 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

good morning Bitcoin land  Grin



693. Post 6209563 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Its great see the trains back  Grin

However it feels way to early to be celebrating with the 15th being tommorow  Undecided



694. Post 6209756 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Mervyn_Pumpkinhead on April 14, 2014, 08:40:20 AM
Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

Your so boring! Could have made yourself some nice money if you werent a perma bear. Just as bad as the permabulls calling bear trap all the way down.



695. Post 6209921 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Mervyn_Pumpkinhead on April 14, 2014, 08:49:38 AM
Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

Your so boring! Could have made yourself some nice money if you werent a perma bear. Just as bad as the permabulls calling bear trap all the way down.

Yeah, I'm totally boring, that I sold on top of the last bull market, and refuse to play the bear market where the odds are actually against you.
Degenerate gamblers don't care about the odds, they just want to feel the adrenaline by taking blind risks. I'm a different kind of gambler, the boring kind.

Of course you did...

Plus Im referring to your repetative bear posts rather than your 'gambling' skills

Anyway even if you did, its all good selling your one coin for $1100 but if your gonna be a perma bear then your not gonna buy it back until $900 Wink I can guarantee you that a lot of people have made more than you will have made with no real risk. How is it a gamble to buy in the mid $300's and sell for $150/BTC 3 days later. If you could explain how the odds are against you just because its generally been in a down trend? Theres money to be made going both ways...



696. Post 6210167 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Mervyn_Pumpkinhead on April 14, 2014, 09:12:46 AM
Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

Your so boring! Could have made yourself some nice money if you werent a perma bear. Just as bad as the permabulls calling bear trap all the way down.

Yeah, I'm totally boring, that I sold on top of the last bull market, and refuse to play the bear market where the odds are actually against you.
Degenerate gamblers don't care about the odds, they just want to feel the adrenaline by taking blind risks. I'm a different kind of gambler, the boring kind.

Of course you did...

Plus Im referring to your repetative bear posts rather than your 'gambling' skills

Anyway even if you did, its all good selling your one coin for $1100 but if your gonna be a perma bear then your not gonna buy it back until $900 Wink I can guarantee you that a lot of people have made more than you will have made with no real risk. How is it a gamble to buy in the mid $300's and sell for $150/BTC 3 days later. If you could explain how the odds are against you just because its generally been in a down trend? Theres money to be made going both ways...


I would play an bear market, if I had enough invested, so I could control the general direction of the market. Meaning that I could know the future by creating the future.
You need more education then I'm able to offer you, when you can't understand how the odds are against you during playing bear markets.
Only degenerate gamblers feel bad when they lose the opportunity of winning an blind bet with bad odds. The boring kind of gamblers don't care much, because they know that better opportunities always present themselves in the future.

No you need more of an education than I'm able to offer you. Its not a blind bet or bad odds just because its a bear market. Do you think that traders in other markets who are very succesful only trade bull markets? If you dont have the skills or expertise to trade it thats your problem but dont berate those who do or those that want to.

I can tell your going to be that guy who moans all the way up and when the price next drops be the I told you so one, don't worry there's always one.



697. Post 6210445 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Mervyn_Pumpkinhead on April 14, 2014, 09:38:20 AM
Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

Your so boring! Could have made yourself some nice money if you werent a perma bear. Just as bad as the permabulls calling bear trap all the way down.

Yeah, I'm totally boring, that I sold on top of the last bull market, and refuse to play the bear market where the odds are actually against you.
Degenerate gamblers don't care about the odds, they just want to feel the adrenaline by taking blind risks. I'm a different kind of gambler, the boring kind.

Of course you did...

Plus Im referring to your repetative bear posts rather than your 'gambling' skills

Anyway even if you did, its all good selling your one coin for $1100 but if your gonna be a perma bear then your not gonna buy it back until $900 Wink I can guarantee you that a lot of people have made more than you will have made with no real risk. How is it a gamble to buy in the mid $300's and sell for $150/BTC 3 days later. If you could explain how the odds are against you just because its generally been in a down trend? Theres money to be made going both ways...


I would play an bear market, if I had enough invested, so I could control the general direction of the market. Meaning that I could know the future by creating the future.
You need more education then I'm able to offer you, when you can't understand how the odds are against you during playing bear markets.
Only degenerate gamblers feel bad when they lose the opportunity of winning an blind bet with bad odds. The boring kind of gamblers don't care much, because they know that better opportunities always present themselves in the future.

No you need more of an education than I'm able to offer you. Its not a blind bet or bad odds just because its a bear market. Do you think that traders in other markets who are very succesful only trade bull markets? If you dont have the skills or expertise to trade it thats your problem but dont berate those who do or those that want to.

I can tell your going to be that guy who moans all the way up and when the price next drops be the I told you so one, don't worry there's always one.


I already told you what kind of an trader you have to be, to have the odds in your favor during bear markets.
Anyway, I'm tired of little brats like you. Trying to wish an trend reversal out of nothing and trying to pull other people along to fuel their foolish hopes. You're the ones who make this entire crypto market scene look like an bad joke. The same people who think that they can just wish themselves out of downtrends, are the same kind of people who visit motivational self-help classes and think that they can wish themselves to be an millionaire.

Ha well at least your providing some morning entertainment, if you could point out any point that I have been shouting trend reversal I will gladly concede. To the contrary I have been saying that nothing much has changed it is likely to see more drops and even have been posting my trades. Reverting to ad hom just makes you look infantile and asinine especially when your attack is baseless as I'm one of the people who havent been posting sulking bears and trains thank you. Direct your attack somewhere else next time. In terms of the question at hand theres money to be made both ways and just because you are unable to or don't want to trade a bear market doesn't mean its not profitable or that its blind luck. You sound so bitter its comical.



698. Post 6210552 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: fonzie on April 14, 2014, 09:57:15 AM
Why are you all so bearish in here???  Cheesy Cheesy Cheesy


You did this to us  Cheesy



699. Post 6210679 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

~300BTC wall guy wants in.



700. Post 6210871 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Mervyn_Pumpkinhead on April 14, 2014, 10:13:13 AM


Skimmed through some of your previous posts during falls and found these:

This posted on the 10th of April:
Finally  Grin

Now can we bounce of $400 and finally move on. Jeez

And one prior to the fall of MtGox:
wish I had like 10k on gox  Grin

And you started whining at me when I said that I'm not buying into this, because I don't see it as an good bet to buy at the tops of weak pumps.
So, don't try to act like you're rational about this. When one walks like a typical degenerate gambler and when one talks like a typical degenerate gambler, then he must be an ...


Lol hilarious, is that the best you can do. Yeah asking the question of can we bounce of $400 and move on is the very definition of screaming trend reversal, being a delusional bull and wishing to be a millionaire  Roll Eyes


No one can ever say anything about buying gox coins for $100 at the time the odds were firmly in line with the risk. Typical degenerate gambler my arse.

I said you were boring repeating yourself over and over again and could have made yourself some money without it being a blind gamble if you weren't a permabear. hardly whining.

Better luck next time.



701. Post 6211016 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: rpietila on April 14, 2014, 10:37:57 AM
Wow look at the orderbook on stamp and the massive buys yesterday. Still expecting it to trend into $400?

Based on the trendline analysis, yes. We have many long, agonizing weeks to go until it gets to be improbable according to the trendline. It is normal to have rallies based on false hopes, it is part of the capitulation process. [- -]

When it finally hits $400, you do not want to buy. You fear for it going to $200 and you losing 50% overnight. Then it is the time to buy Wink

Zoom 2 months forward:

Not that I felt any obligation to disclose, but I am happy to say that I finally managed to source BTC200 @400 off-exchange!  Smiley

Gold



702. Post 6211421 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Mervyn_Pumpkinhead on April 14, 2014, 10:55:12 AM


Skimmed through some of your previous posts during falls and found these:

This posted on the 10th of April:
Finally  Grin

Now can we bounce of $400 and finally move on. Jeez

And one prior to the fall of MtGox:
wish I had like 10k on gox  Grin

And you started whining at me when I said that I'm not buying into this, because I don't see it as an good bet to buy at the tops of weak pumps.
So, don't try to act like you're rational about this. When one walks like a typical degenerate gambler and when one talks like a typical degenerate gambler, then he must be an ...


Lol hilarious, is that the best you can do. Yeah asking the question of can we bounce of $400 and move on is the very definition of screaming trend reversal, being a delusional bull and wishing to be a millionaire  Roll Eyes


No one can ever say anything about buying gox coins for $100 at the time the odds were firmly in line with the risk. Typical degenerate gambler my arse.

I said you were boring repeating yourself over and over again and could have made yourself some money without it being a blind gamble if you weren't a permabear. hardly whining.

Better luck next time.

Yes, it was screaming of hopes of trend reversal and it showed that you were among those who thought that 400 actually means something. People like you have been whining at me since I sold at 1030, that I should buy at 900,800,700..etc. because they are really cheap coins, so I could make some money. Majority of those people are fools but there are also some manipulators who want others to buy, so they can sell with better profits.
Yes, the ones who bought into mtgox in the falling days were degenerate gamblers.
Degenerate gambling is about making blind bets. There are bets that can be predictable and there are bets that aren't. There was and there still is no way of knowing how much will be bought until the price starts to fall down. And the biggest probability here is that the price will at some point start to fall down. When there are some important developments in the crypto market system, then you can predict that this will give value to crypto and you can buy with the bet being a lot less blind.
I'll never invest into into something when my money is only supported by the hopes of fools. The hopes of fools are fragile and can break any moment, and when will this happen, can only be guessed, not predicted.
And now, stop whining, because I'm not buying into this no matter how much you whine.


You'll never invest into something where it is only supported by hopes of fools then why did you buy into BTC in the first place, if you think the price is sustained only by the hopes of fools.

Every bet is about predicatabilty and how predictable it may be  are your odds, thats the very definition of betting. What your really saying is that you like to make bets where you feel they are very predictable and therefore low odds.

Its simply not screaming trend reversal at all are you that blind you cant see that. It was a question. Plus $400 was a major resistance point after visiting there twice already in the downtrend so of course it was important. I think you need to get out the house if you believe anything Ive said is trying to get you to buy into this, I couldn't give two shits whether you buy into it or not. On the contrary I could say that your attempting to get people not to buy in yet is just as manipulative.

 Stop throwing the phrase people like you around, I have not attempted to get anyone to buy in thanks so stop trying to tarnish me with the same brush as the people who do you have 0 evidence of me being anything like what your trying to say. When there are important developments in the crypto world lol, there are important developments happening all the time.

Its okay over the last 3 days I'm up 31% and your at +/- 0% in actual gains or 31% down in theoretical gains. Your clearly a long term trader which is fine but because you dont have the skills to or you dont want to trade on shorter time scales doesnt mean people who do shouldnt.



703. Post 6211752 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):


Quote from: seanneko on April 14, 2014, 11:30:07 AM
Even though I'm long term bull, this has to be a bull trap. All these people could have bought last week for less money. Why is Bitcoin suddenly more desirable to them now than it was before? Nothing has changed.


Because its moving upwards  Roll Eyes



704. Post 6211772 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: cee-euros on April 14, 2014, 11:42:30 AM
Even though I'm long term bull, this has to be a bull trap. All these people could have bought last week for less money. Why is Bitcoin suddenly more desirable to them now than it was before? Nothing has changed.

This is not how it works

I think it's all coercion, don't tell anyone though

Wheres the use of force or threats?



705. Post 6211817 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):


Quote from: JayJuanGee on April 14, 2014, 11:42:51 AM
And then if you have more than $10K in fiat, isn't that a reportable event... ?   There may also be bank fees, too?  Who will carry $80K cash to starbucks?


There are ways and means to do everything if you either A) have the money or B) know the right people.



706. Post 6211845 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: magicmexican on April 14, 2014, 11:48:38 AM
Its was refreshing to finally see a bear trap. I've said it was coming too, kinda amusing that people forgot that not only the bulls can be trapped.

I have to say you generally have called the last few days pretty well. I just hope you put some money on it Wink



707. Post 6211947 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Bitstamp tweeting attempting to up the price again ?



708. Post 6212075 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Mervyn_Pumpkinhead on April 14, 2014, 11:54:12 AM

[snip]


Everything your saying has been said since $1 hence why its boring.

Read some of the old posts on this forum and see how your whining (about too much volatilty, high hopes, dump pumps, no real reason for the price etc etc ) is a complete regurgitation of things said before.

I wish you well but your wrong on so many counts. I have no doubt that once the price returns to previous ATH levels you will either turn uber bull or disapear off the forum as per usual.



709. Post 6212130 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: rpietila on April 14, 2014, 11:54:35 AM

There are ways and means to do everything if you either A) have the money or B) know the right people.


You can hardly A) if you don't B), and you lose A) if you don't B). That's why the odd-few bitcoiners who have managed to A), should come to Malla castle for the trainings on how to retain their bitcoins in the face of all the threats against them.

Wink

Although A can buy B and B often leads to A in the general sense not in Bitcoin land per se.



710. Post 6212276 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Mervyn_Pumpkinhead on April 14, 2014, 12:20:53 PM

[snip]


Everything your saying has been said since $1 hence why its boring.

Read some of the old posts on this forum and see how your whining (about too much volatilty, high hopes, dump pumps, no real reason for the price etc etc ) is a complete regurgitation of things said before.

I wish you well but your wrong on so many counts. I have no doubt that once the price returns to previous ATH levels you will either turn uber bull or disapear off the forum as per usual.

I'm not trying to be original here. When I'm pointing out the faults that others have done before me, then it only means that these faults are not hard to see. But some still choose to ignore them.

At first, we have to see the bottom and then start about talking reaching the previous ATH again.

Or do you think that this was the bottom and now we are going only up to the previous ATH?

You chose to ignore them, you bought in didnt you, what makes you any better than anyone else.

Yeah and I bet the guys saying it from $1 are kicking themselves about the wealth they could have secured for themselves.

Who knows, $340 is as good of a bottom as any.

Or do you think that this is a bull trap and were only going down to previous YTL?



711. Post 6212390 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: JayJuanGee on April 14, 2014, 12:28:15 PM

There are ways and means to do everything if you either A) have the money or B) know the right people.


You can hardly A) if you don't B), and you lose A) if you don't B). That's why the odd-few bitcoiners who have managed to A), should come to Malla castle for the trainings on how to retain their bitcoins in the face of all the threats against them.

Wink

Although A can buy B and B often leads to A in the general sense not in Bitcoin land per se.

This is a selling tool to get guys to sign up for $500 courses or to be dependent upon so called experts and it works in almost any technical field...   Sometimes it is well worth the $500,  but not always...

This is going off on abit of a tangent from the first conversation, we we're talking about how to move larger amounts of money from one place to another, courses and expert advice isn't needed for this just either A or B as first said.



712. Post 6212859 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Mervyn_Pumpkinhead on April 14, 2014, 12:48:49 PM
You chose to ignore them, you bought in didnt you, what makes you any better than anyone else.

Yeah and I bet the guys saying it from $1 are kicking themselves about the wealth they could have secured for themselves.

Who knows, $340 is as good of a bottom as any.

Or do you think that this is a bull trap and were only going down to previous YTL?

These faults weren't having an effect at the time when I bought.

They are stupid if they're kicking themselves for it. It's like kicking yourself after seeing the lottery numbers and saying "only if I chose 45, 5, 6, 11, 22 and 37". During this time there was only blind hope that bitcoin will be this big. No experienced, educated and knowledgeable investors got involved, so no skill was involved in seeing potential. Most of the ones who were involved then, were just dumb kids who got lucky at random google searches and got excited because they weren't skilled enough to assess the low probability of success.

Yes, that's what I thought, "who knows". Just some time ago you tried to present yourself as an skillful trader, but when asking some certainty on your predictions then the answer will always be "who knows". Because you really don't have a clue on what will happen. You aren't able enough to make proper analysis to support any of your predictions. You just make blind bets that have a 50/50 winning chance to you.

But I'm telling you with certainty, if there aren't new strong laws made to support the financial use of bitcoin in US or EU (I haven't considered China as an option for potential for a long time already), or if there aren't new markets opened with proper volume in new geographical locations, then this WAS NOT the bottom and it will drop more then 340$.

Yes, thats what I thought, of course these faults didnt matter when you were buying just when your not.

Your laughably wrong again, a lot of the early bitcoiners were far from dumb kids who got lucky from google searching, are you seriously that retarded? The majority of the early bitcoiners were older, well educated, skilled (most in cryptography) and saw and could understand the problems with "digital cash" that Satoshi has solved. An inordinate amount of skill and knowledge was required to see Bitcoins potential early. Your showing how little knowledge you posses of the history of Bitcoin.

Who knows was an ambiguous answer to an ambiguous question. Your basically asking will we see an ATH before a dip below $340 which is a question way too broad to give a definitive answer to. We could go to $1100 I could triple my money and then go down to  below $340 and I would still be wrong if I had said yes to your question.  I know your only trying to trap me in an answer but at this point it doesnt matter.

Comical how you ask me for a definitive answer then tell me your answer but with clauses that are open to interpretation to protect your prediction. Why would I say this is definately the bottom when all the Chinese exchanges could close tommorow? I dont need to make predictions like those when I can react the the market and news accordingly. I made my proper analysis and bought in the mid $350's I sold some of those coins today at +30% in 48 hours. I can now make predicitions on the next move . If we go down again I buy more all the time making money while you sit there making nothing on your very long term ambiguous assertions. Nobody has a crystal ball, nobody knows what will happen for sure but in the short term your loosing and the people your berating are winning. End of.



713. Post 6212962 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: JayJuanGee on April 14, 2014, 01:06:17 PM

There are ways and means to do everything if you either A) have the money or B) know the right people.


You can hardly A) if you don't B), and you lose A) if you don't B). That's why the odd-few bitcoiners who have managed to A), should come to Malla castle for the trainings on how to retain their bitcoins in the face of all the threats against them.

Wink

Although A can buy B and B often leads to A in the general sense not in Bitcoin land per se.

This is a selling tool to get guys to sign up for $500 courses or to be dependent upon so called experts and it works in almost any technical field...   Sometimes it is well worth the $500,  but not always...

This is going off on abit of a tangent from the first conversation, we we're talking about how to move larger amounts of money from one place to another, courses and expert advice isn't needed for this just either A or B as first said.

I don't think that it is going off on a tangent if some people are telling you that you need B) in order to manage A) better... and part of the suggestion is courses.. .... yes, there is some of that going on, and I did NOT initially bring the conversation there.. but identified that was where the conversation was going or at least an underlying thread of such conversation.

That wasn't where the converstation was going but okay. You were asking how it was possible to move large amounts of money which means that your not a financial expert or even clued up on how that can happen. Hence you need B to manage A better, as do most. Your intepretation of B is someone who is giving out expert advice or is able to move the money themselves etc but I only said know the right people. The person who you know B doesnt have to be the right person he just has to know someone who is.

Anyway pointless conversation at this point.



714. Post 6213339 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Mervyn_Pumpkinhead on April 14, 2014, 01:29:04 PM
You chose to ignore them, you bought in didnt you, what makes you any better than anyone else.

Yeah and I bet the guys saying it from $1 are kicking themselves about the wealth they could have secured for themselves.

Who knows, $340 is as good of a bottom as any.

Or do you think that this is a bull trap and were only going down to previous YTL?

These faults weren't having an effect at the time when I bought.

They are stupid if they're kicking themselves for it. It's like kicking yourself after seeing the lottery numbers and saying "only if I chose 45, 5, 6, 11, 22 and 37". During this time there was only blind hope that bitcoin will be this big. No experienced, educated and knowledgeable investors got involved, so no skill was involved in seeing potential. Most of the ones who were involved then, were just dumb kids who got lucky at random google searches and got excited because they weren't skilled enough to assess the low probability of success.

Yes, that's what I thought, "who knows". Just some time ago you tried to present yourself as an skillful trader, but when asking some certainty on your predictions then the answer will always be "who knows". Because you really don't have a clue on what will happen. You aren't able enough to make proper analysis to support any of your predictions. You just make blind bets that have a 50/50 winning chance to you.

But I'm telling you with certainty, if there aren't new strong laws made to support the financial use of bitcoin in US or EU (I haven't considered China as an option for potential for a long time already), or if there aren't new markets opened with proper volume in new geographical locations, then this WAS NOT the bottom and it will drop more then 340$.

Yes, thats what I thought, of course these faults didnt matter when you were buying just when your not.

Your laughably wrong again, a lot of the early bitcoiners were far from dumb kids who got lucky from google searching, are you seriously that retarded? The majority of the early bitcoiners were older, well educated, skilled (most in cryptography) and saw and could understand the problems with "digital cash" that Satoshi has solved. An inordinate amount of skill and knowledge was required to see Bitcoins potential early. Your showing how little knowledge you posses of the history of Bitcoin.

Who knows was an ambiguous answer to an ambiguous question. Your basically asking will we see an ATH before a dip below $340 which is a question way too broad to give a definitive answer to. We could go to $1100 I could triple my money and then go down to  below $340 and I would still be wrong if I had said yes to your question.  I know your only trying to trap me in an answer but at this point it doesnt matter.

Comical how you ask me for a definitive answer then tell me your answer but with clauses that are open to interpretation to protect your prediction. Why would I say this is definately the bottom when all the Chinese exchanges could close tommorow? I dont need to make predictions like those when I can react the the market and news accordingly. I made my proper analysis and bought in the mid $350's I sold some of those coins today at +30% in 48 hours. I can now make predicitions on the next move . If we go down again I buy more all the time making money while you sit there making nothing on your very long term ambiguous assertions. Nobody has a crystal ball, nobody knows what will happen for sure but in the short term your loosing and the people your berating are winning. End of.

Yes, they didn't and that was the reason why the price rose from 200 to 1163. (I didn't sell at the exact top, but at around 1030). And now they do, and that's why the price has fell ever since. But you have no clue on what I'm talking about, do you?

These educated folks that you are talking about, were not and still are not into speculating with trading. Their interest in bitcoin was and is technical.
The traders, or a new race of beings, even lower in the foodchain, The Hodlers, were and still are mostly dumb kids who are not educated and don't have any experience in investing or trading.

I'm basicly telling you that you tried to pretend that you were certain that the price will rise from 340 to this, because you are a skilled short trader. I'm now giving you a chance to make a new solid short prediction where the price will be. You didn't even have to give the right number. Just say if this was the bottom or not. Is it really this hard to you? Where are your skills or are you telling me that you acted while not knowing on what you're doing?
My first point was, that you, me or anyone else can't predict the short term outcome of the current market movements. It's a blind bet to everyone and I would apprieciete it, if you wouldn't try to act like you knew what you were doing while buying sub 400.


This is the last reply I shall grace you with.

Comical again, and these faults magically didnt matter from 2-30 or the run up to 266, only when the price is going down. You speak as though 200-1200 was the only price rise in Bitcoins history.

I was confident that $350 was a good buy in point which it has proved to be you don't need any more evidence that I was confident about that other than the fact I bought. In fact thats stronger evidence than just saying it.

Your not asking for a solid SHORT prediction, you  didnt ask me if this was the bottom or not, you asked me if that was the bottom and were going straight to all time highs, thats one of the longest term speculations you can make at the moment. If you said will we go to the bottom in the next week that is a short term prediction.

"These educated folks that you are talking about, were not and still are not into speculating with trading. Their interest in bitcoin was and is technical.
The traders, or a new race of beings, even lower in the foodchain, The Hodlers, were and still are mostly dumb kids who are not educated and don't have any experience in investing or trading."

Talk about a contradiciton. These educated folks who arent trading are by definition hodlers yet in the next sentance you call them dumb kids and the lowest in the food chain  Roll Eyes

Stop speaking to me like I've made one prediciton and luckily got right. The last price prediciton I made was a short at around $440 and I said I would buy back at just over $400, that happened as well. I'm not acting like a pro trader who always gets it right, no one is, to make money you only have to be right >50% of the time. You havent put any money where your mouth is while just spouting we're going down.

 Why dont you throw some of your BTC profits on finex and short it then been as your so sure we're going down. Maybe that will add some weight to your argument.




715. Post 6215302 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: ErisDiscordia on April 14, 2014, 03:40:34 PM
Sloppy would truly be an understatement if someone is actually paying you (highly?!) for financial analytics. It's more probable that you're plain out lying, because you can't be this thick even if you understand just the basic of finance.

If you would dig around the forums a bit, you should find that aminorex is one of the most knowledgeable posters around here. His way of stuffing tons of abstract concepts into one sentence might seem like pseudo-intellectual gibberish to some, but that's just because they don't see what the hell he means. I, too have my troubles with that sometimes Smiley

(I think he's the only poster ever whose intelligence got acknowledged by AnonyMint, that's got to count for something lol  Cheesy )


+1 thats quiet an achievment.

In other news blackcoin just made me 20BTC in the last day or two. Should be able to feed the kids for a short while Wink



716. Post 6216437 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: jl2012 on April 14, 2014, 04:53:54 PM
Loaded is offering a reward for information leading to the recovery of personal and client funds stored at MtGox:

https://bitcointalk.org/index.php?topic=489950.0

EDIT: Loaded is a great whale, for those that don't know.  

I'm pretty surprised to learn he still has a sizable amount there. There was plenty of chance to arbitrage and get out in the last bubble, even with profit.

It was not sizable enough to warrant a flight to Japan. However, it is sizable enough to ruin my weekend.

Loaded has disappeared since his weekend got ruined by gox. Hope he's alright

I'm sure he's fine. Loosing money is always upsetting and I like loaded but he has plenty of coins to look at and cry, same cant be said for a lot of other people who lost their entire life savings.



717. Post 6217559 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: seldon on April 14, 2014, 05:49:25 PM
Is it already sleepysleepy time in china?

Yes early morning in China.



718. Post 6217587 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

lol at the mini panic sell when that 500 BTC wall was flashed.



719. Post 6225610 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Today could get very interesting. 522BTC wall at $475 to start it off.



720. Post 6225770 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Would not like to be on the short side of a trade now.

~$485 broke the long descending December triangle. Almost decision time.



721. Post 6226673 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: octaft on April 15, 2014, 08:28:16 AM
Sorry windjc

But you going bear was a pretty strong buy signal
You were one of my favourite posters before but now you need to realize your losses and move the fuck on

My losses? I've made over 40k in the last 10 days. No losing trades. Im fully fiat right now, ready to move back in. If we go to 600 then I might incur some losses. Wink

You were one of his favorite posters until you disagreed with him. Wink

Isn't that how it works, story to fit the motive etc  Cheesy



722. Post 6226796 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Dr. LY on April 15, 2014, 08:33:08 AM
I don't have any clue wtf to do now.

I bought my first btc at around 680 because there were "cheap coins."

I bought more on the way down to 500 to "cost average"

I put almost my entire savings at 480

Then everyone said if it broke 400 we were screwed and there was NO good news from China at all so I sold at 399.

So wtf do I do now? I've lost thousands and the money hasn't hit my bank account so I can't even buy back in. Wtf do i do?

I feel for you man, but just reading around you should know rule 101 is dont listen to others about your investment decisions.

Take it as a lesson learnt, you clearly didnt get into BTC for the right reasons firstly but take the standard investment advice of;

Dont risk more than your willing to loose
Never go all in
Never go all out
Dont listen to people on the internet.



723. Post 6226847 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

So whats the official trendline break target? I thought it was around ~$480-$490?



724. Post 6226878 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: rpietila on April 15, 2014, 08:45:02 AM
I don't have any clue wtf to do now.

I bought my first btc at around 680 because there were "cheap coins."

I bought more on the way down to 500 to "cost average"

I put almost my entire savings at 480

Then everyone said if it broke 400 we were screwed and there was NO good news from China at all so I sold at 399.

So wtf do I do now? I've lost thousands and the money hasn't hit my bank account so I can't even buy back in. Wtf do i do?

Buy back.

Stop reading news.

Stop caring about price.

*Have your friend call you if and only if Bitcoin experiences a sell signal (0.4 log units above trendline).

Live your life.

Wait for the call.

When it comes, check if selling max 50% of your bitcoins is enough to retire.

If yes, sell them. If no, take 20% out as profits and buy something nice.

Go to *.

Lucky you, that consultation was free of charge  Wink



725. Post 6226966 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: TERA on April 15, 2014, 08:51:51 AM
So whats the official trendline break target? I thought it was around ~$480-$490?

Linear $515.

Logarithmic $580.

Thanks, today could be the day...



726. Post 6227024 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

WTF BTC-e to 554!!!



727. Post 6227139 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: RoadTrain on April 15, 2014, 09:02:24 AM
Short squeeze most likely.

Weird to feel squeezed up to $550 when Huobi is still sub $500.



728. Post 6227155 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: tarmi on April 15, 2014, 09:04:52 AM
time to short

Maybe, but thats dangerous while the rally stil has legs.



729. Post 6227279 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: podyx on April 15, 2014, 09:13:07 AM
BS depth? what does that mean?

Bidside Depth ?



730. Post 6227490 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: blatchcorn on April 15, 2014, 09:26:49 AM
The days of sub-$500 btc are over

I very much doubt that. Even if this is the reversal you can expect a pull back of some kind after a large rally.



731. Post 6227546 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):


Quote from: rpietila on April 15, 2014, 09:09:36 AM


There are 3 trendlines that try to map the whole history:
- mine
- SlipperySlope's
- jl2012
(ofc nobody owns the numbers but we update them)

You mean some of these or some other?

Links for the lazy rpietila ?






732. Post 6227609 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: jonoiv on April 15, 2014, 09:33:06 AM


That's simply the worst thing I have ever read on these forums!  you are a disgrace and a horrible person.  

Its blunt but its not the worst thing thats been said around here! The guy broke a number of investment rules and I'm sure will learn from it. Plus thats shroomskit for ya Wink



733. Post 6227629 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: TERA on April 15, 2014, 09:37:22 AM
If Huobi goes back to 2900 today it's going to look really bad.

A pull back is to be expected no ? Maybe not as far as 2900 though.



734. Post 6227738 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Dr. LY on April 15, 2014, 09:40:26 AM


I didn't panic sell. I chose a point at which to cut losses. $400 was the major support that everyone said would be a sign of a long-term down trend. So I set an alarm on my phone and told myself I would sell when that alarm went off, regardless of anything else, being tired of having had nothing but incredible losses over the last few months. I took the advice of the experienced traders on this forum. And it was right, for a day, until the PBOC suddenly decided "oops, just kidding that whole notice doesn't exist even though all these exchanges are limiting deposit options."

In other words, fuck off. Considering you're the asshole giving awful advice calling it "panic selling" when people sold at $600+ a month ago, I'm going to go ahead and pass on your advice.

Just to re iterate, your main problem was listening to people on the internet. You took the advice of traders on a forum who will always talk their book. The PBoC notice has never changed they have never said they were banning it and all they did was reiterate the banking rules and double confirm (for anyone still listening to people saying China is banning it) that a ban was not happening.

I respect your stop loss and its wise if this was an investment rather than wanting to have and use BTC but you cant blame people on a forum.

If your here to get rich then it burns to loose money but if your generally interested in BTC, buy back with an amount you can afford to loose and ride the waves and hodl. There are many around that sold out super low and never returned.



735. Post 6227922 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: Dr. LY on April 15, 2014, 09:52:17 AM


I didn't panic sell. I chose a point at which to cut losses. $400 was the major support that everyone said would be a sign of a long-term down trend. So I set an alarm on my phone and told myself I would sell when that alarm went off, regardless of anything else, being tired of having had nothing but incredible losses over the last few months. I took the advice of the experienced traders on this forum. And it was right, for a day, until the PBOC suddenly decided "oops, just kidding that whole notice doesn't exist even though all these exchanges are limiting deposit options."

In other words, fuck off. Considering you're the asshole giving awful advice calling it "panic selling" when people sold at $600+ a month ago, I'm going to go ahead and pass on your advice.

Just to re iterate, your main problem was listening to people on the internet. You took the advice of traders on a forum who will always talk their book. The PBoC notice has never changed they have never said they were banning it and all they did was reiterate the banking rules and double confirm (for anyone still listening to people saying China is banning it) that a ban was not happening.

I respect your stop loss and its wise if this was an investment rather than wanting to have and use BTC but you cant blame people on a forum.

If your here to get rich then it burns to loose money but if your generally interested in BTC, buy back with an amount you can afford to loose and ride the waves and hodl. There are many around that sold out super low and never returned.

Believe me, the last thing I am doing is blaming anyone else. I am just trying to get a grasp on what the responsible choice is here. I have used BTC and have a small amount I used on day-to-day purchases.

Did I hope to make a profit when I bought more? Yes. Is that the "wrong reason?" I'm not sure, is it?

Either way, the money just became available in my account. So I'm going to take Rpietila's advice, because he knows better than I do through experience. And yes, I understand that its a risk and I could lose everything, and don't hold anyone else responsible for my decisions. I just was angry after holding through this entire downtrend, I sold right before the rally.

Okay fair enough, im not meaning to sound condescending just you can see the effects of listening to 'experienced traders' on a speculation forum.

Hoping that an asset you hold gains value, nothing wrong with hoping that.
Putting your life savings into one of the most volatile assets in history and hoping to get rich quick, thats the wrong attitude.

You still have a choice to make and that choice is entirely yours. Just perhaps this time be a bit more reasonable with the amount you invest and make sure it is what your prepared to loose. This is still a beta experiment.



736. Post 6227967 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Huobi over $500, rally re engaging!



737. Post 6228068 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

I want to take this chance to show a perfect demonstration of why you must be carful with lagging indicators.

TERA posted a chart a few days ago quite rightly showing that the 1w ema had crossed. If you sold at that point it was just above $400.

Now look at the 1 week ema and see how lagging indicators can really burn you and you should never use just a lagging indicator to make your moves.



738. Post 6228263 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: TERA on April 15, 2014, 10:20:45 AM
I think I'm going to do my first ever ignore on here and ignore ShroomsKit. It is so annoying every time I make a post he says something about my position. He can't get it through his head that I make posts to be social and it has nothing to do with my position and I don't even believe I have the ability to effect this market at all.  I have told him about it several times.

I have to back TERA a bit here. Everyones so quick to jump on her back at everything she says yet is one of the few posters who make real predictions and tell your their moves and positions in real time. I personally want to say thanks for the intersting material as it is far more insightful than just saying 'sheep' to everything.



739. Post 6228368 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

It doesn't matter no but he is a she.



740. Post 6228497 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: MikeH on April 15, 2014, 10:39:41 AM
Main thing I've learned: the pain of watching it rise while out of it was far, far, far worse than watching it sink while holding.

definitely, which is why you bought back at $500-ish when it's probably more likely to drop to $450 again before launching :]  you just can't take the risk of missing the boat..

I'd ignore the charts too, bitcoin is too susceptible to big movements by whales and/or news.


While this is true its just as likely to go on an insane run and pull back to where we are now while you wait for $450 Wink



741. Post 6228715 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: p0peji on April 15, 2014, 10:58:11 AM
BTC-e price spike was to squeeze the shorts, now we can go down again.

Hope you closed your  $445 short before this run...



742. Post 6228807 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: p0peji on April 15, 2014, 11:00:52 AM
BTC-e price spike was to squeeze the shorts, now we can go down again.

Hope you closed your  $445 short before this run...

Closed it at 465 and went long, so I am not rly sad about that.

Good lad.



743. Post 6228826 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: TERA on April 15, 2014, 11:02:23 AM
I thought all the MACD's were pointing down? What happened guys?!? Grin
Wrong. The 1D MACD crossed up and I predicted a rally exactly to this level.

Time to short yet then TERA?



744. Post 6229290 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: TERA on April 15, 2014, 11:32:20 AM
LTC/BTC can't seem to keep up with this rally anymore.

Its very weird, I know the LTC rally is normally slightly delayed behind BTC but its gone down if anything since BTC started to rally.
 
Worried about sidechains? Or maybe with some of the other innovative alts, the fact that LTC only has a faster confirmation time doesn't really matter?



745. Post 6229334 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.37h):

Quote from: chessnut on April 15, 2014, 11:36:17 AM
Poor old Billyjoel. Hope he wasnt short.

Even though Billy went super bearish im sure he is fine, this may have taken him by suprise and he would have made more money by not closing his long early and trading smaller ranges but he said numerous times that he only sold some as a hedge against his main stash which Im fairly sure is sizable, he will be rather happy that his net worth has rose significantly again.

Plus we're not out of the woods yet all it takes is some bad news and we can go shooting down again.



746. Post 6229675 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: mmitech on April 15, 2014, 12:01:02 PM
LTC/BTC can't seem to keep up with this rally anymore.

Its very weird, I know the LTC rally is normally slightly delayed behind BTC but its gone down if anything since BTC started to rally.
 
Worried about sidechains? Or maybe with some of the other innovative alts, the fact that LTC only has a faster confirmation time doesn't really matter?

The real differentiator for LTC was always scrypt ASIC resistance.  Now that is utterly gone.  

Possibly the proliferation of scrypt ASICs is damaging LTC.  

Possibly the blackcoin pool is damaging LTC.  After all, BC is catching a lot of GPU miners, and the goal and purpose of the pool is to destroy competitor's value.

The true reason imho..

Scrypt coins are as good as dead. Their only reasons of existence was that they were asic resistance. Not true anymore. And there will be more and more multipools like BC to cash out value from scrypt coins.

the only reason they were ASIC resistant because it wasn't profitable to develop and tape-out an ASIC for them, today thanks to Litecoin this is possible, and IMO small Scrypt coins will die soon and Litecoin will get all the hashing power. an average mining farm could kill 90% of all existing scam coins.

Other than being a litecoin investor what makes you say this? Why would Litecoin get all the hashing power? If anything once asics are out in the wild, other scrypt coins will get all that hashing power for the same reasons litecoin got a lot of miners moving to it once BTC asics were out.



747. Post 6231029 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: TERA on April 15, 2014, 01:34:44 PM
We're all wasting our time here with the btc/usd prices when nmc and ppc had 60% gains today and nearly 200% since the bottom.

And black coin had gains of 450% over the last few days... Its immpossible to try and keep up with all the alts let alone be in the right position at the right time !



748. Post 6231371 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: seleme on April 15, 2014, 02:02:42 PM
I am such a sucker sometimes, lol

I shorted 20 NMC from 625 thinking I am shorting 20 BTC of NMC, lol. And I was wondering how the hell my profit was so small  Roll Eyes Grin

At least 500$ profit missed, I need to get slapped sometimes.

lol thats one to learn from  Wink



749. Post 6231424 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

There is also a lot less money kept on exchanges after the Gox situation so more trades are dont off exchange or people only tranfer their fiat when they are ready to buy. There is plenty of cash in and around BTC



750. Post 6233285 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Im scared to even drive home, cant take your eyes of this for a second at the moment!



751. Post 6244836 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Well this is fun, I thought we would have had a deeper correction by now, fine by me but it makes me suspect about how authentic any of this China news is. Either way we're at their mercy ...



752. Post 6244930 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: windjc on April 16, 2014, 08:37:26 AM
Here comes the correction folks.

Or the bear trap...



753. Post 6245051 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Fuck Bitfinex, seriously.

You open a multiple positions and then it lumps them into one large position and you either have to cancel/claim the whole order. You cant just close each order seperately.

Retarded.



754. Post 6245159 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: seleme on April 16, 2014, 08:58:28 AM
where is Adam BTW ? I didn't seem him around for days now.

Indeed, maybe 340$ was too much for him  Grin

I thought he froze himself  Grin

What were the conditions for unfreezing him again ?  Cheesy



755. Post 6245186 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: MoreFun on April 16, 2014, 08:59:16 AM
Fuck Bitfinex, seriously.

You open a multiple positions and then it lumps them into one large position and you either have to cancel/claim the whole order. You cant just close each order seperately.

Retarded.

You can sell / buy and the position will be affected Wink

Smart.

Still that makes managing your orders really confusing, why would they not list them seperately so you can monitor each position...



756. Post 6245205 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: cech4204a on April 16, 2014, 09:01:00 AM

well, we can see that even if you didn't post it....

Somebody likes talking to robots Wink



757. Post 6245269 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: ShroomsKit on April 16, 2014, 09:02:24 AM
Seriously, we are going down because of another China rumour? This is a joke right?

Which China rumour is this ?



758. Post 6245444 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: gizmoh on April 16, 2014, 09:18:23 AM
Kudos to myself for being spot on  Grin  Pboc story ain't finished

Look at that long Red wick on Huobi.. Chinese says Fuck u white boy!

Usually when the wick is that long, expect bad chinese news later on..

We are at the mercy of chinese traders. They get the news firsthand and sets the Trend, some bots that follows CNY movements eats part of the cake.
That is why pricing has been unpredictable for westerners. And I am totally uncomfortable with that. Until Huobi/okcoin gets shut down by PBOC or move out of china, I'm keeping my Fiat out of this gamble.


I believe we've just hit the top.

There was a lot of struggle in that pump

I agree, this current pump has no follow through. Soon it'l retrace back to 500, afterwards  sub 460 to test some support.
This rally will end soon as it cannot be sustained by enough bids (less than $11 million bids) and has been fueled mainly by china and previous sellers who believes 340 as bottom and getting back in. To summarize, bitcoiners have short memory about the situation with pboc and is currently blinded by 'fear' of missing the fantomatic moon train.

You should wait before patting yourself on the back we havent even retraced to $500...



759. Post 6245615 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Wheres the news though ? That article just said the same thing thats been said 100 times?



760. Post 6245808 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

This is just retarded lol. Might have to join Adam in the freezer!



761. Post 6246175 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Ive never really sat and watched Huobis trades going through. My god that place is insane.



762. Post 6246225 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: mmitech on April 16, 2014, 10:18:37 AM
Ive never really sat and watched Huobis trades going through. My god that place is insane.

that place is fake...

It looks it but while the west follows its every move it cant be ignored!



763. Post 6246500 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

What alts are people in at the moment ? Theres been some wicked growth the last couple of days ?



764. Post 6246756 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Huobis a scary place when it goes quiet.

I guarantee a lot of people lost money this morning.

Im not sure if anyone has any idea whether this is going up or down but with just a $40 drop on this 'news' it makes it less likely that China news is going to see us retesting those previous lows...



765. Post 6246845 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: TERA on April 16, 2014, 11:05:33 AM
Huobis a scary place when it goes quiet.

I guarantee a lot of people lost money this morning.

Im not sure if anyone has any idea whether this is going up or down but with just a $40 drop on this 'news' it makes it less likely that China news is going to see us retesting those previous lows...
It's probably going to be more than $40 eventually. Wait till 4H MACDs go down.

We'll see, just as likely this all continues and it ends up being called an epic bear trap.



766. Post 6247028 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: TERA on April 16, 2014, 11:15:46 AM
Huobis a scary place when it goes quiet.

I guarantee a lot of people lost money this morning.

Im not sure if anyone has any idea whether this is going up or down but with just a $40 drop on this 'news' it makes it less likely that China news is going to see us retesting those previous lows...
It's probably going to be more than $40 eventually. Wait till 4H MACDs go down.

We'll see, just as likely this all continues and it ends up being called an epic bear trap.
Price is way overdue for correction with or without news a drop to at least $450 some time in the next week is likely.

I dont think thats likely just because were overbought the only thing taking it there is more out of China, thats the only thing stopping this recovering even more. The bull run this morning would have continued absent China. We'll see but its only China taking it there.



767. Post 6247579 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: chessnut on April 16, 2014, 12:06:52 PM
Elliot wave? I thought Elliot was waving from a train

Elliot stuck his neck out too far just before a tunnel.... RIP elliot.

Thanks my lunch is now on my computer screen.



768. Post 6247693 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: nanobrain on April 16, 2014, 12:13:13 PM

Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?

That's very interesting and I agree, not conducive to increased adoption.
I wonder what the perma bulls (aminorex, risto) think of this.
Thanks Mat.

It depends how you look at it, they arent asking for proof its just normal KYC stuff, it shows more compliance if anything. If you have nothing to hide it makes no difference and if you do then pay the premium and use an exchange that isnt compliant. BTC-e or localbitcoins etc.



769. Post 6247773 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: gentlemand on April 16, 2014, 12:20:25 PM


There's compliance and then there's taking the piss. They've been asking for tax returns among other things.

I havent experienced that yet. Thats slightly concerning...



770. Post 6247780 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: p0peji on April 16, 2014, 12:22:29 PM

Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?

That's very interesting and I agree, not conducive to increased adoption.
I wonder what the perma bulls (aminorex, risto) think of this.
Thanks Mat.

It depends how you look at it, they arent asking for proof its just normal KYC stuff, it shows more compliance if anything. If you have nothing to hide it makes no difference and if you do then pay the premium and use an exchange that isnt compliant. BTC-e or localbitcoins etc.

Isnt that exactly the reason people get into crypto, because they have somthing to hide?

It's not the main reason. And a lot of people actually like this.

Then what would be the other reasons?

Are you for real ?



771. Post 6247817 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: p0peji on April 16, 2014, 12:23:49 PM


Yes, there is no upside to using bitcoins for whatever, besides tax evasion.

Hilarious, Im sure your trolling and if your not then you are beyond hope.



772. Post 6247871 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: p0peji on April 16, 2014, 12:27:05 PM


Yes, there is no upside to using bitcoins for whatever, besides tax evasion.

Hilarious, Im sure your trolling and if your not then you are beyond hope.

I think we can agree to disagree.

No we can't.

What planet are you living on.



773. Post 6247998 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: TERA on April 16, 2014, 12:36:36 PM
Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.

It was just a rehash of whats already been said countless times. There hasnt been any news out of China since Dec 15th the situation is exactly the same now as it was then.


Just funny how everytime we come to major trend lines some magic re hash of China bans Bitcoin springs out.




774. Post 6248058 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: TERA on April 16, 2014, 12:39:57 PM
Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.

It was just a rehash of whats already been said countless times. There hasnt been any news out of China since Dec 15th the situation is exactly the same now as it was then.

In other news the west seems to be overtaking China. There way of telling the Chinese they dont care for their FUD???

By real I mean the article isn't a complete fabrication by a trader.

Who knows, the majority of the news is badly translated and from questionable sources. It wouldn't suprise me if the majority of it is from traders and people with friends in the right places.



775. Post 6248627 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: TERA on April 16, 2014, 01:22:19 PM
Most of the articles are things we already know about.

April 10 - "Bitcoin is not banned in China" - We already knew that.

April 16 - "Huobi's bank account being closed" - We knew that too.

Yet somehow people's sentiments change every time because they were operating under some flawed logic.

Didnt Baidu stop accepting Bitcoin to launch their own payment system?
I thought that happened months ago also.

Ignore the troll it did happen months ago.

Early december

http://www.bloomberg.com/news/2013-12-07/baidu-stops-accepting-bitcoins-after-china-ban.html



776. Post 6249836 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

I think the longer we stay without really going below $500  the more bullish it becomes, could cement $500 as a base if there is another quick move up.



777. Post 6249972 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: jonoiv on April 16, 2014, 02:45:46 PM



I was wrong about the 3220 wall, it was broken with more bullish sentiment than expected. But the chart I posted yesterday is still following the same pattern, just at a slightly higher price than expected.  we are in a very similar situation to march 4th / 5th at the moment, and the markets are behaving almost exactly the same.  

Not many interested in buying in this uncertain climate, so the best guess I can form is, the same as what happened in march.  I think we will settle at around 490 and go sideways again...  until the volume goes very low.

All this can change, based on (valid) news or well executed FUD.  (possessive or negative).

A simplistic way of looking at the market, yet quite often effective.  History repeats itself imho.  

I agree that the charts look similar but from what I can remember the sentiment from then is different to it was now. There was much more unceratinty hanging in the air in March with Gox just closing, also when that rise took place over the space of a few hours it felt very fake with the constant few walls pushing the price up. The rise over the last couple of days does feel different and not orchestrated by a whale or two so much. Just a feeling.



778. Post 6249991 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

I bet a lot of people opened shorts as well expecting a bigger retrace. They will quickly jump back in once/if the rally starts.



779. Post 6250097 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: Bitcoin_is_here_to_stay on April 16, 2014, 02:51:42 PM

Hmm, I get opposite impression - very similar price pattern, but even lower volume than in March.

eh? Are you looking at the same chart? In the last box shown on the chart we have seen most days at 7k+

Look back at March and there was a couple of high volume days then the volume was almost non existent for a week or so and then that whale day spiked the price. Much higher and much more consistent volume over the last week or so.



780. Post 6261906 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

900 wall straight in at $500



781. Post 6261998 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Its just some healthy profit taking in my opinion, the bids arent drying up so plenty of buyers .



782. Post 6262178 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: chessnut on April 17, 2014, 08:33:46 AM
very natural, loads of support @500. was hoping for 485 but I dont think Ill get it. the volume traded at 500 just there has plenty to to back it up.

Lots of support but I think it could disapear for a brief trip into the $400's



783. Post 6262187 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Huobi dumping harder now as well.

$500 wall guy adding to it too.

EDIT: wall munched.



784. Post 6262292 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: turtlehurricane on April 17, 2014, 08:53:08 AM
Could someone just buy 1000 Bitcoin please and end this bullshit

1000 would only raise the price by like $20



785. Post 6262318 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

So its just OKcoin having another account suspended ?



786. Post 6262346 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Huobi caring way less than the western exchanges, no suprise there.



787. Post 6262590 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

So everyone moans and says we've gone up to fast and then moans when it corrects?



788. Post 6262676 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Wish I could trust BTC-e to hold a few coins more, they always go deeper into the swings meaning more money to be made.



789. Post 6262707 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: gizmoh on April 17, 2014, 09:29:16 AM
Why should 470 hold?

Because bulls needs faith its only a retracement, and not a big bull trap..
BTW 200,000 coins back in the market in 2014, thank you Mt Gox for the coming cheap coins..

How do you know those coins will be sold into the market and not to private buyers? I bet theres a fair few interested parties for off exchange coins if Risto sources his coins offline. Cant see big investors wiring money to Stamp.



790. Post 6262737 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Well it is Fear Uncertainty and Doubt ... news causing FUD doesnt have to be fake.



791. Post 6263013 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Mid 400's is fine with me.

Didnt they already announce the closure of their accounts by the 18th thus this is expected?



792. Post 6263019 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: mooncake on April 17, 2014, 09:57:10 AM
I'm surprised how slowly the price is falling. Looks like the bad news had been priced in to some degree.

Its because its not that bad or different to anything else...



793. Post 6263350 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

This dip right before a bank holiday in Europe with no fresh fiat means the next four days could get ugly. Might have to put my temporary bear hat on.



794. Post 6263568 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: windjc on April 17, 2014, 10:29:37 AM
This dip right before a bank holiday in Europe with no fresh fiat means the next four days could get ugly. Might have to put my temporary bear hat on.

Never understimate the ability of Houbi to rise on hot air. It doesnt need fiat.

Good its gonna have to get even better at riding it up on hot air and no fiat once theres no fiat going there at all  Grin



795. Post 6264882 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: rudrigorc2 on April 17, 2014, 12:20:28 PM
How many loop holes can these Chinese exchanges find to keep operating though? Doesn't it seem inevitable that they will be forced to close down once they run out of lives?

I wish bitfloor had fought this hard when their bank account was closed.

remember who was behind it you will understand

Thats what I thought, someone who keeps their customers assets probably wasnt rushing to fight to stay open...



796. Post 6265176 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: schizoid on April 17, 2014, 12:36:37 PM
How many loop holes can these Chinese exchanges find to keep operating though? Doesn't it seem inevitable that they will be forced to close down once they run out of lives?

I wish bitfloor had fought this hard when their bank account was closed.

remember who was behind it you will understand

Thats what I thought, someone who keeps their customers assets probably wasnt rushing to fight to stay open...

The money left on the exchange was eventually returned through IAFCU.

I know I know, I was more thinking in terms of the 'hack' where 20000BTC disapeared though.



797. Post 6265246 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: magicmexican on April 17, 2014, 12:52:03 PM


This is what i think will happen, pretty big dump in about 4~ hours, it could bounce of ~460 but there is a chance market will go full retard and maybe even test 400 again

No chance of going up from here then ? Stamp and Fenix look like their trying to rally and its China whos lagging behind.

More selling likely once the 6 hr crosses?



798. Post 6265431 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: niothor on April 17, 2014, 12:57:38 PM


This is what i think will happen, pretty big dump in about 4~ hours, it could bounce of ~460 but there is a chance market will go full retard and maybe even test 400 again

I really think that this won't happen.
more and more people are getting annoyed with all this china thing and I wish that they stop even taking it into account.

I wonder what impact would have bitcoinwisdom and the rest dropping huobi from their charts. The ones that haven't yet.

I personally don't think that it would make much of a difference if they were dropped from the charts the fact that China has so many coins means that no matter how much everbody wants to disengage with them and rally the arbers will keep the price in line with China.



799. Post 6265848 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: magicmexican on April 17, 2014, 01:22:15 PM
^ Thats exactly what i was saying before the last big crash when we were around ~550 or something. Truth is, when it looks like its going down but you need some news to push it, the news will magically materialize out of thin air.

I think with tommorow being the 18th and that some how turning into another deadline day its likely that there will be some news fabricated even if there isn't any.



800. Post 6265983 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.38h):

Quote from: ShroomsKit on April 17, 2014, 01:37:40 PM
^ Thats exactly what i was saying before the last big crash when we were around ~550 or something. Truth is, when it looks like its going down but you need some news to push it, the news will magically materialize out of thin air.

I think with tommorow being the 18th and that some how turning into another deadline day its likely that there will be some news fabricated even if there isn't any.

Awesome, another China deadline. Let's keep following China like the sheep we are.
Traders are idiots.

No matter how much you dislike it its the way it is at the moment, anyone who doesnt follow stands to loose money. Traders are making money off it, its simple. China news = sell, by back in $40 time so why wouldnt they follow them. Its not right but its how it is.



801. Post 6267075 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: derpinheimer on April 17, 2014, 02:49:13 PM
Bid/Ask sums on stamp becoming very bearish again after a short peak.

Im guessing if we dont see $550 soon we go back down.  (Still HODLING since $390)

I have to say it doesnt feel like a very impressive bounce, just no momentum at all.



802. Post 6267893 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Or they operate a 0% fees as a different business model.

The ceo of Huobi addressed this and explained how they make money.



803. Post 6267977 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

How do people think the liquidation of gox coins will effect the market ?



804. Post 6268021 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: Davyd05 on April 17, 2014, 03:50:48 PM
What I could really go for but sounds like a huge long shot is that Stamp decouples...from the Chinese exchanges.

How would that work? If Stamp shot off then the arbers would just buy coins on Houbi and dump them on Stamp...



805. Post 6295722 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

The rally does seem to coincide with the release of the ATM news, the question is whether it will peter out with no new fiat or a steady grind upwards.



806. Post 6296570 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Manipulation definitely is easier on lower volume.

We're still just following China around like a lap dog though so any manipulation would be coming from there.



807. Post 6307324 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):


Quote from: octaft on April 20, 2014, 06:59:41 AM
My buddy recommends electrum wallets to newbies, but I haven't seen it mentioned here to protect from at least losing your coins accidentally. Is there something wrong with it that I don't know about?

I have used eletrum for some time now. Very easy to use and a deterministic seed is very helpful.

I use a combination of an offline computer for signing transaction and an online watch only wallet. This gives me the security I need while still being able to send transactions.



808. Post 6307591 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Looks like we could be getting a sunday slump instead of a sunday pump this weekend..



809. Post 6307619 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

He did say digital theft?



810. Post 6307697 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: souspeed on April 20, 2014, 11:48:25 AM
He did say digital theft?

Exactly, that's the point, he compares bitcoin with credit card fraud or other currency issues, blah blah blah.
However in this case the 'heist' must be 'digital', since otherwise his argument is not valid.
Jorge, the phony imposter professor with a fake phd does that all the time.

I see what you mean, admittedly didn't read the whole discussion.

A good point was made before though in terms of exactly when gox was 'robbed' in the future if BTC is $10,000 a piece will the heist have a dollar value of $7,500,000,000?



811. Post 6314414 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: JayJuanGee on April 20, 2014, 08:44:01 PM


Quote
By the way, the MtGOX heist must have been the largest single digital theft of all time, not just of bitcoin. Is that true? I cannot even imagine how a hacker could steal 300 million old-fashioned dollars from a company, and walk away with it.

I don't know. Was it a single theft? Have you heard more about it than the rest of us? It seems to me that there's a lot of information still to come out and Karpeles is a compulsive serial liar.

Some of these theories about US Govt involvement also seem very plausible - especially when dealing with a bunch of dweebs like Karpeles..   Potentially, he would have been vulnerable to various US Govt manipulations - which can be very tricky given all the Shenanigans with NSA and problems with the dollar, etc. etc. etc.

We need to know the date of the theft to be able to put a dollar value on it ? Only then can it be considered the largest digital theft...



812. Post 6314467 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: derpinheimer on April 20, 2014, 09:30:31 PM
Well my opinion is a slow drop in to the lower double digits over the course of 2014, and probably through 2015. Looks like a sinking ship to me. I've been pretty bullish mid term in the past but with the whole Gox ordeal, my opinion is that its GG for bitcoin.

I very much doubt we will be seeing double digits and certainly over such an extended period of time what is it about the gox ordeal that will still bring the price down ?



813. Post 6320462 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

This weekend has played out exactly as I thought it would, no real volume no real price movements it was to be expected with a large amount of people on public holidays and generally seeing family etc.

My personal opinion is that with some new fiat on tuesday we could see a little rally especially with Bitstamp having deposits backed up.

Everyones been wondering what happens to Chinese exchanges now but I think we're already starting to see it. Fact is deposits are very hard if not impossible now and the loss of liquidity is real rather than 'priced in ' by traders. If these price levels can be maintained while coins flow back over to the west its a positive sign for me.



814. Post 6320560 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: niothor on April 21, 2014, 10:27:12 AM
I am waiting to see how the "reported" volume on huobi will change.
If there will be no change  there will be a lot of people who will ask themselves why did the the price drop based on the so called china ban.

And until know it seems the volume is untouched.

I thought we were working on the presumption that the majority of the volume is fake anyway  Wink



815. Post 6320671 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

We must be bored if we're fretting over 5% price movements  Grin



816. Post 6321639 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: roslinpl on April 21, 2014, 12:03:51 PM
When we gonna have never voting poll?  :-) current one is out of date ... :-)

Im sure Adam will come and change it once he's done eating all his easter eggs  Grin



817. Post 6334998 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Just wait until the new fiat hits the exchanges as theres been no deposits for four days. I think its quiet bullish that we maintained the price we did.



818. Post 6335023 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Also the 3D MACD is due to cross today aswell.



819. Post 6335234 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: JorgeStolfi on April 22, 2014, 08:45:53 AM
Bitcoinwisdom down?

That appears to be the case Prof.



820. Post 6335612 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: jl2012 on April 22, 2014, 09:26:18 AM


 Sad  Cry

The bitcoin community's reaction to MtGox?  What the hell is he talking about?

Who is the f***ing community and how did "they" react exactly? And what does this have to do with accepting payments?

https://www.survivalfood.com/mountain-house-turkey-tetrazzini-pouch/



They use mtgox as payment processor (!!!) Obviously they are goxxed

LOL and it still tries to load a gox payment page.

No wonder they think the community reaction is bad Gox probably owes them loads of money!



821. Post 6337172 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

I think we need more volume before making assumptions on the direction of the trend. After a very quiet weekend the first real but of voume should give the direction.



822. Post 6338713 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Dump on Stamp lets see if the rest follow...



823. Post 6339048 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: ShroomsKit on April 22, 2014, 01:55:11 PM
Did i already mention how tired i am of these people dumping and trying to take the price down?


Nope must have missed it, tell us again  Wink



824. Post 6339878 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Is nobody else feeling slightly positive that we are maintaning this price despite the accounts being closed. TERA made a point to not consider the news priced in until the flow of liquidity is actually stopped which it now has done.



825. Post 6340340 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: niothor on April 22, 2014, 03:09:26 PM
Is nobody else feeling slightly positive that we are maintaning this price despite the accounts being closed. TERA made a point to not consider the news priced in until the flow of liquidity is actually stopped which it now has done.

The only positive thing will be when all those fake Chinese exchanges will stop all their trading.
Probably then and only then we will find out the real price people are willing to pay for btc.


Yes I agree but the fact is if people cant get money into the exchanges or its difficult to do that then they cant fake trades forever if thats what you think they are doing. At some point they either have to pay out BTC or Fiat.



826. Post 6351721 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Just take this as an opportunity to turn off the computer, get out the house and do something productive. Set an alarm if you need but theres nothing to see here  Cheesy



827. Post 6353892 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: blatchcorn on April 23, 2014, 11:45:00 AM

 Is there any evidence to the belief that expansions in the bitcoin ecosystem, services & economy actually increase the price..??

 Seriously, merchants don't need to keep 'reserves' of 'BTC change' in their 'digital money registers' like stores do w/ fiat. They aren't interested in speculating in BTC future price rises either. They're in fact wary of it - they just want the extra potential sales & rep from bitcoiners. That's why they use services like BitPay. Payment re-processors such as BPay also are not interested in hoarding or buying crypto. They just facilitate things by accepting a cryptopayment from end users, dumping it at market (or pretty fast in any case), giving the merchant their proceeds in fiat & keeping their cut in fiat.

 Those customers, the end-users of all these crypto-friendly merchants & services. THEY are the ones implyingly expected to cause higher prices, by buying moar BTC now that they can shop at a greater variety of places w/ it. But who are the vast majority of cryptocustomers..?? ..BITCOINERS. Enthusiasts. Folks who -already- had their stash & don't mind spending out a little of it here & there. Whatever extra BTC they may buy to shop with will be compensated by what they spend - given that the merchants & payment processors will be dumping the BTC thusly received as payment.

 So why in the WORLD is there this MYTH continuing about merchant adoption, growing ecosystem = higher price? Wtf? What am I missing..?
More places to spend Bitcoin = More useful = Higher demand = Higher price


Only if they hold BTC, if they convert straight to fiat as most do then it actaully creates downward pressure on the market.



828. Post 6354685 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: aminorex on April 23, 2014, 12:54:50 PM
Only if they hold BTC, if they convert straight to fiat as most do then it actaully creates downward pressure on the market.

No, even if they immediately exchange for another currency, it still creates a demand when people use BTC.  While that BTC is in the air, it can't be used for anything else.  The number of BTC-days consumed in the transaction is a reduction in money supply.


As said though this unavailable time is likely not very long and they still become available again as they are sold. Isnt BTC days destroyed an indicator of an incease is supply as those coins were previously unavailable? It depends which way you look at it as well surely, if it were the case where people are replacing their BTC after or before they spend it then yes it I would agree that the demand is keeping pace with the supply (from places such as bitpay selling for fiat) but thats not generally the case is it. People are spending coins they previously hoarded and therefore were not part of the supply.



829. Post 6356957 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: adamstgBit on April 23, 2014, 03:32:36 PM
get your tickets now

train leaving soon



I think you came out of cryo around the wrong time Adam Sad



830. Post 6359898 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

This is just painful, asks filling in up to $500 and the sellers gradually working through the bids.



831. Post 6360249 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.39h):

Quote from: Newfeeling on April 23, 2014, 07:20:38 PM
I have a doubt , please only respond if you know what youre talking about . I beleive that bitcoin to usd price is stucked cause of all the alts coins that are pulling it down , if bitcoin rises an 20% againts usd , all the coins rise as equals. If bitcoin falls all the coins falls againts usd.

The vast majority of alt-coins have their value determined by BTC value. With the exception of LTC and a handful of other alt-coins, there's no direct means of converting fiat into these without having purchased BTC or LTC first and then exchanging them for the alt-coins. In other words, if someone wants to buy an altcoin, they more likely than not will have to buy and sell through BTC to get there.

As with any other market, speculators will thrown down money in related commodities/companies/goods whenever there's a rise in the value of the primary item. It's possible that alt-coins are somehow impairing BTC, but I don't think this is a valid reason.

While its true that its traded on the pair you have to consider this. People are making profits off alt coins, people who buy or mine early some are making 1000's% profit. These people will want to realise some of these profits and thus sell some of the BTC they gain so what pepo is saying is certainly a factor. I mean look at black coin I made double figures BTC over two days, as did many others.

The problem with all these coins coming and dying is that people generally end up holding worthless alts and the big players and early adopters are already off with the BTC and likely selling some.

The bit in bold is not strictly true either, if you mine an alt early you can mine a lot with not a lot of hardware, yes I know that someone has to buy the BTC in the first place but the vast majority I would wager are investors BTC that they had previously, at least the people who are making money trading alts are probably general investors, I doubt too many people buy BTC to specifically buy an alt and if they do its probably to a large sum.



832. Post 6368119 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Dont you think we are seeing the effects of no fiat going into the Chinese exchanges? The Chinese deadlines have passed and now we are seeing this effect, maybe its a dampened one due to people selling in anticipation...



833. Post 6368173 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: gentacomp on April 24, 2014, 08:42:31 AM
I just thinking to buy more machines. If that graph really goes down and with more difficulty, did calculate in bitcoinwisdom, its never ROI. 1 TH with price almost 3500 USD (include shipment and tax). How the hell people still buy more machines ?

The price going down is not a guranteee! That was just Teras prediction.



834. Post 6369079 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Yep and be prepared for at least some of those to hit the market. You cant seriously think that off exchange investors are all going to just hold the coins when they get sold below market rate.



835. Post 6369299 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

So gox announces the liquidation of 200k coins and the market starts buying lol

If you were a gox coin holder now you would want the price as high as possible so that when the coins are sold theres more cash to go around...



836. Post 6369704 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: Painful Truth on April 24, 2014, 10:23:36 AM
Yep and be prepared for at least some of those to hit the market. You cant seriously think that off exchange investors are all going to just hold the coins when they get sold below market rate.

Simple solution:

Sell above market rate. Like right now for $600.

So, then whats in it for the buyer? A killer deal! No slippage. Try buying 200k coins right now without going over $600 per coin. Impossible!



Thats the solution in principle but can you see that happening?

The person running the bankruptcy process has a lot more to do than just liquidate the coins, all they care about is whats easiest I doubt they are about to start trying to sell above market rate, they dont care how much they go for in the end they just need to follow the process.



837. Post 6369787 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.



838. Post 6369889 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: TERA on April 24, 2014, 10:53:24 AM
Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.
what news?

Coins to be liquidated.

https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf



839. Post 6370039 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: TERA on April 24, 2014, 11:01:46 AM
Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.

Check out the thread I started in Bitcoin Discussion, apparently it should have no effect at all and in fact should cause an increase in price due to people receiving their compensation and buying BTC with it...



840. Post 6370347 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: TERA on April 24, 2014, 11:30:52 AM

Actually I think it's safe to assume that not every mtgox trader will be using all (or any) of his refunds to buy back into btc somewhere. Therefore the net effect will be negative.

I was being sarcastic in regards moreso as to how poeple could think that.



841. Post 6371262 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: TERA on April 24, 2014, 12:40:28 PM
I just bet on black and won 5 times in a row. That means it will happen a 6th time for sure.

This never makes any sense though, Bitcoin price going up or down is not a 50-50 bet. You would wager that with increased adoption and services, as well as infrastructure and vc investment your odds are way better than 50-50. Not a gurantee but more likely than not, no?



842. Post 6372003 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: rpietila on April 24, 2014, 01:17:43 PM
Hey, I started planning this price prediction contest because I got 16 predictors in the preliminary round which was only open for 24 hours!

To start it, I'd like to have indication of at least a few participants, so if you plan to join, please send me PM (not binding!) or drop a line in the thread itself.

I have promised BTC2 or $2,000 (whichever is HIGHER at the close of the year) as a prize. Entry cost is BTC0.1.

Where does the extra money go if more than 40 people enter?



843. Post 6373785 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: seleme on April 24, 2014, 02:41:33 PM
Wow, this guy is the king of the bears:


https://www.tradingview.com/v/97hCiiAX/

Is it someone from here? He sounds like he really hates Bitcoin.

Wanna be smart arse TA-er...

ZZZ the guy hadn't even read the white paper.



844. Post 6374015 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: JorgeStolfi on April 24, 2014, 03:24:23 PM
According to research by rpietila (https://bitcointalk.org/index.php?topic=322058.0), it was roughly 1BTC = $0.005 in 2009 and 2010.
He writes that "0.005 USD" is just an arbitrary value.  It seems that there is no data for 2009 -> 2010, and perhaps 300 to 400% 30000 to 40000% for 2010 -> 2011.

I could try to fit a cubic polynomial to those 4 data points, but you would hate the result even more.  Cheesy

I can find you some threads that demonstrate that was the approximate exchange rate during that period.



845. Post 6374598 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: JorgeStolfi on April 24, 2014, 03:40:32 PM
I can find you some threads that demonstrate that was the approximate exchange rate during that period.
Hey, my goal was just to make some salutary fun of price extrapolations.

Frankly, I have no idea what the price will be next year.  AFAIK, the only model that has some claim to statistical legitimacy is the log-Brownian (or geometric-Brownian) model, which gives a very broad probability distribution, having 50% chance above today's price, 50% below, for any future date.

It was only an offer Prof  Wink



846. Post 6381569 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Total bidsum on stamp has gone from $9.5mm to $12mm in the last day or so, first time since it hasnt been decreasing in a while.



847. Post 6386052 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

So funny, the bears have come out of hiding with their I told you so's the same people who have been quiet for the last few days.



848. Post 6386113 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

But when gox halted fiat withdrawals the price went up  Angry



849. Post 6386277 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

When to start buying is my only question. I can't see the price going down too much fundamentally this is just people making profits again by adding to the panic. Fact is deposits have been stopped so there was no way to get money in but there was a way to get it out. That was bad for BTC prices but now that theres no way to get it out that should balance it out.

Before we were saying that the real issue with China stopping deposits was that there would be no fresh liquidity entering the market but now there will be no old liquidity leaving it either so that should have a slightly positive effect.



850. Post 6386974 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: ShroomsKit on April 25, 2014, 08:30:25 AM
Let me guess before I start reading 50+ pages... China again?

yes China give us back our freedom after 10 May

No. Huobi will find a different way to accept deposits which will be maybe banned after a few weeks including a new deadline. Of course.

The article that I read seems to just straight up ban all things to do with Bitcoin transactions involving the banks or payment processors including the withdrawal of funds. Theres no way for them to accept deposits, surely even Bitcoin ATM vendors shouldnt be allowed to be in business as they are payment processors but even if they get around that they get caught up in the not being able to deal in fund recharge or withdrawal.



851. Post 6387241 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

The asks havent really filled in so I wouldnt be suprised to see this go shooting back up with a couple of big buys.



852. Post 6387609 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: pblack4 on April 25, 2014, 09:30:21 AM
Without positive news on mtgox front, adoption will slowly fade and bitcoin value will drop to single digit. Only savegox or similar proposal and the discovery of what really happened at mtgox can save bitcoin and resume its run to $10K-$100K

Yeah cause mtgox = Bitcoin. ZZZ get some new FUD.



853. Post 6387649 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

With the west so bored of China FUD (only a $50 drop on what you would consider big news) while Huobi decides what its wants to do Stamp could take the lead again and drag this straigh back up.



854. Post 6387660 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: magicmexican on April 25, 2014, 09:37:11 AM
Oh nice, a dump @super early EU time, waking up late to the party, now figuring out wtf is going on

I know its the worst, I'm sure 80% of the big moves happen at about 4:00 GMT while I'm asleep  Angry



855. Post 6388001 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

A few fairly sizable bids proping the price up on Fenix, doesn't look like they're getting pulled.



856. Post 6388226 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: niothor on April 25, 2014, 10:27:10 AM
500 walls? wake me up when there is a 5,000 wall.

Indeed , 500 walls... where? I don't see anything that is a close to a garden fence Smiley


Who said walls? Just a few sizable bids was what was said...



857. Post 6388723 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: souspeed on April 25, 2014, 11:11:59 AM
450 under pressure, let's see if it holds.


pshhh this is going down for a while yet I feel.



858. Post 6388761 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

1k dump on Stamp  Shocked



859. Post 6389652 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Where is the best place to get an accurate view of the Chinese exchnages order books?



860. Post 6390015 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: Blitz­ on April 25, 2014, 12:25:12 PM
Where is the best place to get an accurate view of the Chinese exchnages order books?
Don't forget that any "accurate view" would still be prone to manipulation on the exchange operators' behalf.

Agreed, maybe I should re phrase that to where is the best place to at least attempt to get a semi accurate view of the Chinese order books  Wink



861. Post 6390207 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

With no money able to get into Chinese exchanges this can only go on for so long, its almost like arbers have one chance to do it as once they've sent their BTC out of a Chinese exchange theres no way to get any cash back in. Surely coins are going back over to the west theres no other way for it to be.



862. Post 6390812 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: oda.krell on April 25, 2014, 01:24:23 PM
actually the dump was predictable by the TA, its the pre-pump that confused ppl

Nice one.



Also, relax people. After the 340 bottom quite a few in here pointed out that, at the very least, we would see a re-test of low 400s, maybe 400 itself before moving on.

I honestly don't get where this major indignation comes from, that some of you in here show. Wait, actually, I do know: because every time we move up 10 USD you start posting rocket.jpeg.

This is/was a major bear market, and getting out of it will probably be a bit more painful than simply going back through all the major (former) support levels in one go :/

Precisely there are people in here who turned bullish after the $340 bottom then called a retrace to around $460 when we are at around $510 and are now being super bearish because what they thought would happen did!



863. Post 6391098 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: magicmexican on April 25, 2014, 01:49:29 PM
apparently not only the sunlot is trying to propose a plan to resurrect Gox, but Okcoin too.

Did you see the IRC chat log when someone was talking to Olivier Janssens where he also shows some emails between him and mark?

He claims to have been the most valuable account holder at the time of closure as well as waiting on $5mill that Mark personally told him would be transfered.
He says that he didnt file his lawsuit as it would have crippled gox guaranted.
He has alot to say about all the people who are trying to resurect gox.



864. Post 6391245 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: lemonte on April 25, 2014, 01:55:56 PM
apparently not only the sunlot is trying to propose a plan to resurrect Gox, but Okcoin too.

Got a source to the OKcoin story?



Im sure there will be something more official but just IRC atm, apparently Okcoin were creditors as well so have a vested interest, appartenly the Sunlot people were trying to make a deal with Mark to buy the company before it all broke but it sounds like a very shady deal from the Mark and Sunlot perspective.

OKCoin certainly makes sense with the China ban situation.



865. Post 6391854 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):


Quote from: TERA on April 25, 2014, 02:28:00 PM


Green lines even when price is declining, I like that!




866. Post 6392662 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: latoxine on April 25, 2014, 03:09:05 PM

Hello guys,

I'm french, ( french forum talk about everything except coins...)

-I placed an order at 448 this morning on Kraken, and I realised that it passed while I was eating at restaurant...I would have canceled it when I see how it's going down, but it's done, my first BTC !



So what would you do if you had about 950 dollars to buy BTC? Buy now ? Wait ?





Dont take investment advice from people on the internet, especailly from people in a speculation forum where almost everyone is talking their book.



867. Post 6392895 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Okgox or MtCoin would be so funny to see!



868. Post 6393526 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: windjc on April 25, 2014, 04:19:06 PM
Any speculation on how high this bounce goes?

It doesn't look strong, but I never want to underestimate Houbi.

Personal guess is a grind up to around $480-$485 unless Huobi and Okcoin make their announcements and then Im thinking another $50 drop is likely.



869. Post 6395960 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: windjc on April 25, 2014, 06:40:01 PM
Bids on BFX are offering parachutes for those who would like to get out.

There is some serious denial going on at Finex.


Denial of what? I'd call it denying the option to care about China like its the world BTC leader. It wont be long before there's not that many coins in China and no one will care anymore, it might just take a while but the order books on the Chinese exchanges are already looking thinner.

People said ah we cant go up off a bottom like that without a retrace and then are bewildered when it does retrace  Huh



870. Post 6396175 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: windjc on April 25, 2014, 07:06:04 PM
Bids on BFX are offering parachutes for those who would like to get out.

There is some serious denial going on at Finex.


Denial of what? I'd call it denying the option to care about China like its the world BTC leader. It wont be long before there's not that many coins in China and no one will care anymore, it might just take a while but the order books on the Chinese exchanges are already looking thinner.

People said ah we cant go up off a bottom like that without a retrace and then are bewildered when it does retrace  Huh

So are you calling the low 441? Because, once we get up to the 470s and 480s I'm going to short about 1500 btc.

Did I say that ?

I asked what they were in denial of as you seem to think there's some "serious denial" but without saying anything to back it up.

Short away post some proof when you do it.



871. Post 6396528 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: windjc on April 25, 2014, 07:09:51 PM
Bids on BFX are offering parachutes for those who would like to get out.

There is some serious denial going on at Finex.


Denial of what? I'd call it denying the option to care about China like its the world BTC leader. It wont be long before there's not that many coins in China and no one will care anymore, it might just take a while but the order books on the Chinese exchanges are already looking thinner.

People said ah we cant go up off a bottom like that without a retrace and then are bewildered when it does retrace  Huh

So are you calling the low 441? Because, once we get up to the 470s and 480s I'm going to short about 1500 btc.

Did I say that ?

I asked what they were in denial of as you seem to think there's some "serious denial" but without saying anything to back it up.

Short away post some proof when you do it.

Ok.





Brave.

Fair enough at least your not the usual sort of 'pro trader' we have around here throwing around claims of large trades, I hope it works out for you. Looks like we might not even reach there atm!

And also at least everyone knows that all the negativity to come will be you talking your book  Wink

oh and I did mean some proof when you actually short not just that you places some orders.



872. Post 6396634 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: windjc on April 25, 2014, 07:37:09 PM

Look. I love bitcoin. I want it to go to 10k tomorrow (after I close my shorts Wink).

But, this news is bad and its going to haunt us till at least May 10th.

So, my position is only smart.

Fair enough you gotta get those asks you posted filled before you can close em though Wink



873. Post 6396707 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: OldGeek on April 25, 2014, 07:39:28 PM
.....
And also at least everyone knows that all the negativity to come will be you talking your book  Wink

I'm trying to remember more than three members, who post here regularly, who aren't talking their book.

True in general, I post here a lot what do you think my position is then based on what I say, I'd be interested to see how right you are.



874. Post 6396853 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: OldGeek on April 25, 2014, 07:52:17 PM
.....
And also at least everyone knows that all the negativity to come will be you talking your book  Wink

I'm trying to remember more than three members, who post here regularly, who aren't talking their book.

True in general, I post here a lot what do you think my position is then based on what I say, I'd be interested to see how right you are.

TBH, I haven't paid much attention.  I tend to bet bored by the ad hom attacks and skip a lot of what I consider nonsense.  I'll go back a few tens of pages and try to determine your position.  Fair enough?

You dont have to go back just click on my name and look at my latest posts. No need to waste space in this thread PM me what you reckon.



875. Post 6397428 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: molecular on April 25, 2014, 08:02:06 PM
.....
And also at least everyone knows that all the negativity to come will be you talking your book  Wink

I'm trying to remember more than three members, who post here regularly, who aren't talking their book.

True in general, I post here a lot what do you think my position is then based on what I say, I'd be interested to see how right you are.

TBH, I haven't paid much attention.  I tend to bet bored by the ad hom attacks and skip a lot of what I consider nonsense.  I'll go back a few tens of pages and try to determine your position.  Fair enough?

talking ones book and putting ones money where ones mouth is are two sides of one coin, no?


That was kind of my original point with the fact he had put his money where his mouth is.



876. Post 6398566 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Is it safe to assume that if coins are coming from China that they are being sold on BTC-e as they are both on a level price ?



877. Post 6398983 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

What happens if theres literally no money left on Huobi, will they let the price fall to double digits or would they halt trading?



878. Post 6400289 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Someones putting up a wall on Stamp, everyone is buying in front of it and then its getting pulled. Like three times now.



879. Post 6400378 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: tablemanic on April 26, 2014, 01:52:27 AM
Someones putting up a wall on Stamp, everyone is buying in front of it and then its getting pulled. Like three times now.

No there is someone putting limit orders well above the lowest selling price. The walls eats all the lowest asks until it has been filled.

And they are instantly removing them after placing them and the price running up abit in front. Its very weird.



880. Post 6400606 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: Bitcoin_is_here_to_stay on April 26, 2014, 02:26:23 AM
There are no bids on Houbi ladies and gentleman.

This is a problem.

It looking more and more like a major decoupling of exchanges is coming soon ala Gox redux.

I understand that withdrawing BTC from Huobi and such is still possible? If so, I do not believe we can have Gox-style decoupling - arbitrage, a.k.a. dumping Chinese coins on Bitsamp and such is still possible. It was complete inability to withdraw anything from Gox that coused its prices to decouple.

Yes but arbing only works for so long when you cant get money back into a Chinese exchange.



881. Post 6404591 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: rpietila on April 26, 2014, 10:14:30 AM
Based on my research, I don't believe we will see 435 ever again (Bitstamp). If someone is willing to bet (I naturally expect much better than 1:1 for me), PM please.

Chart1 & Chart2.

This is just the 2013-7-18 again. No looking back (when you least expect it).

I prefer to make my bets by my position in market rather than with people directly, but do you really think that if a Chinese exchange came out now and either confirmed the news or even worse announced they were closing that we wouldn't drop $20?



882. Post 6405050 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Huobi rising while Stamps falling, we saw a $20 or so gap between the two yesterday (GMT) and over night the gap has been closed to $6.




883. Post 6405236 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: gizmoh on April 26, 2014, 11:39:40 AM
Huobi rising while Stamps falling, we saw a $20 or so gap between the two yesterday (GMT) and over night the gap has been closed to $6.



Chinese coming to the West. 5k walls soon

Maybe coins that the Chinese already have but look at the Chinese order books, they're so thin that you would struggle to buy 5k just to arb.

The thing that I always think is that yes there will always be those who stick around and hold out hope till the very end but surely most people in China who want out completely have had so much time do it especially as they can read the news without google translate!



884. Post 6406529 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: wachtwoord on April 26, 2014, 01:39:03 PM
Did anyone see this article? http://www.theregister.co.uk/2014/04/25/supertrips_silk_road_dealer_facing_40year_term_for_dvd_drug_imports/

With this drug bust the feds have taken the guys Bitcoins and converted them into USD ($3M). Why were they able to do this now but not with DPR?

Because he's pleading guilty.



885. Post 6406610 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: wachtwoord on April 26, 2014, 01:45:59 PM
Did anyone see this article? http://www.theregister.co.uk/2014/04/25/supertrips_silk_road_dealer_facing_40year_term_for_dvd_drug_imports/

With this drug bust the feds have taken the guys Bitcoins and converted them into USD ($3M). Why were they able to do this now but not with DPR?

Because he's pleading guilty.

Ah okay got it.

Small tip for all you drugs entrepreneurs out there: may be traveling to or residing in the US is a bad idea Wink

Im fairly sure thats why but reading it again its a bit more ambiguous

"In addition to that, federal agents are asking to keep the $3,030,000-worth of Bitcoins that the government collected from Slomp, and which have already been converted into cash."

That makes it sound like maybe they did convert it to cash before he said he would plead guilty. Perhaps its because he's not a US citizen then.



886. Post 6407583 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Pump mode engaged ?

Edit: Same weird walls as yesterday put it above market price then pulled after a few people buy infront



887. Post 6408122 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

90 days thats an eternity!  Cheesy



888. Post 6412276 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

$50k or 100 BTC isnt that meaningful when you have 20,000 BTC my friend. Its like 0.5% of your stash, I bet you would take a bet you thought you would win for .25BTC on a 50BTC stash.



889. Post 6420685 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Quote from: aminorex on April 27, 2014, 06:03:16 AM


I expect it to die or at least become dormant, yes.  What I was trying to say is that it may go out almost invisibly.  The volume numbers are misleading.  They can effect subjective impressions, but not supply and demand.   I think price is low enough now so that demand is largely insensitive to price.  Even stronger:  Most of the non-churn demand is very inelastic.  But the fiat turnover will have to decline as the coins are drained by the arbitrageurs, and the impact of arbitrage on the free market will be limited to that quantity of supply.  I would expect it to decline very suddenly, and perhaps resume intermittently as the last few elastic coins get shaken out in spurts, then the supply impact would end completely.  Because this will be invisible to us, it will just be a slight supply cliff, mostly lost in the noise, visible primarily in price decoupling.  The sentiment reaction may be early or late.  If it takes a long time for price decoupling to become obvious, and the exchange remains operational, sentiment may be very late indeed, and the reaction almost invisibly slow.  


Very well put aminorex, I have been thinking this over for the last few days and I think what your saying is spot on. The fact is that if the external volume is fake(or increased by being 0 fee) it obfuscates the demand and the amount of coins in China even more. I agree that the decoupling has begun to a degree and people waiting for that to happen will likely be too late. All this hinges on the belief though that the majority of coins are not in China which I think will be the case due to the 4 months of one way arbing as the Chinese have sold out.



890. Post 6420728 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.40h):

Nice poll question Adam most interesting in a while, the results so far are surprising.



891. Post 6425842 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

ah Chinas buying again, quick everyone buy back. lol



892. Post 6429530 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Man $435 is not looking good...



893. Post 6430481 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Is there any news?



894. Post 6434582 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Spread between exchanges is creeping up again.



895. Post 6435294 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: Asrael999 on April 28, 2014, 08:41:43 AM
According to reports, PBOC requires commercial banks and third-party payment agencies to convey to the public that it no longer provides financial services to any Bitcoin transaction before May 10th "Bitcoin Beijing International Summit".

The deadline is real guys

the problem is you see that I have now seen this statement so many times it has cause me to now enter the realm of "bothered"

I think a lot of people have the same feeling but while everyone else is bothered its hard to not be.



896. Post 6435513 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

I dont know about denial but these crazy people don't have a clue what they want  Grin



897. Post 6435889 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: simmo77 on April 28, 2014, 09:35:02 AM
Meanwhile... back at the ranch...


Is this a bulltrap forming or Huh

Maybe, I'd leave it a short while to say for sure but the bids arent really filling in.



898. Post 6438053 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

blah blah blah so bored of personal attacks on others from people behind a psuedo nickname. Hardly anyone else is a known figure like Risto and although I dont agree with him all the time the attacks from anon people are stupid. Sit there and call him dumb and a bad businessman etc etc but until you put some credentials to your own name its just hot air.



899. Post 6438518 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: mmitech on April 28, 2014, 01:01:03 PM
blah blah blah so bored of personal attacks on others from people behind a psuedo nickname. Hardly anyone else is a known figure like Risto and although I dont agree with him all the time the attacks from anon people are stupid. Sit there and call him dumb and a bad businessman etc etc but until you put some credentials to your own name its just hot air.

this is me if you want to say anything.... https://twitter.com/mmitech


Edit: BTW my nick comes from the first letters of my name Mlik Mourad Ilyes  tech as for technology (being an IT engineer)....

Who said I want to say anything to you in particular?

 I know you personally have been open about who you are as well as your dealings with Stamp and the people who work there etc. It was a general comment aimed more at the people calling him a bad business man when they arent offering anything showing that they are a better one or have proven themselves in a position to say such. Anyway the more we talk about it the the more of an issue it makes it, which it isn't, but so often we see anonymous people saying things with nothing to back it up.



900. Post 6439100 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Anyways back on topic-ish...

Seems we are destined to meander around this price point until another China deadline. Bidsum has reduced 25% in the last couple of days and no real impotus from buyers to raise the price, all action is as you never would have guessed. Following China.

EDIT: Which means probably a mini rally coming up.



901. Post 6440942 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

1000BTC buy on Fenix taking it up to $450



902. Post 6441114 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: derpinheimer on April 28, 2014, 03:56:34 PM
1000BTC buy on Fenix taking it up to $450

It was only500

Wisdom says different...




903. Post 6442291 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: aminorex on April 28, 2014, 04:17:55 PM

Wisdom says different...


Wow.  That's hard to argue with.

Ok.



904. Post 6443988 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Its the same guy with his 299 constantly moving bids thats pushing us up in the same way the March run to $700 was pushed up.



905. Post 6444219 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Stamp also with much less volume than Huobi over the last few hours.



906. Post 6445726 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

With the lack of volume in China you know for sure theres no instant arbing going and if any coins were sent out of China today that they were bought more than a few hours ago.



907. Post 6452084 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

The whole gox saga is far from over, head over to the #mtgox-talk IRC if your interested.

Apparently the sunlot group who the article a page back are reffering to are in it for the wrong reasons and if they take over gox users will be scammed again. Recently though OKCoin have been putting together a plan that not only would return user funds but also give them a 49% stake in the company.



908. Post 6452189 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: TERA on April 29, 2014, 08:43:59 AM
The whole gox saga is far from over, head over to the #mtgox-talk IRC if your interested.

Apparently the sunlot group who the article a page back are reffering to are in it for the wrong reasons and if they take over gox users will be scammed again. Recently though OKCoin have been putting together a plan that not only would return user funds but also give them a 49% stake in the company.
OKCoin is a scam too.

Yeah but the way its structured would be much better for Gox customers. I take it you know the details about both proposals?



909. Post 6452332 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Confirmed. Worst dump ever.



910. Post 6453297 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Me neither. Ban away.



911. Post 6454236 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Seems OKCoin is testing their overseas platform.

https://www.okcoin.com/t-1008538.html



912. Post 6456303 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quarkcoin is also being used as the in game currency on the new Shaq game.

http://www.cryptocoinsnews.com/news/quarkcoin-partners-moolah-shaq-fu-2-team/2014/04/12



913. Post 6461910 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

and meanwhile, pretty much 0 volume in China.



914. Post 6462620 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

So no fiat deposits on thursday or friday this week. Could get interesting...



915. Post 6470641 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Literally exactly the same situation as yesterday except the recovery wasnt straight after the dump.

So easy to make money if your the first to see this 'news'.

Especially when there will probably be another 5-10 oppurtunities of exactly the same type over the coming days.



916. Post 6471110 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: magicmexican on April 30, 2014, 09:32:58 AM
I care, i want my 20 goxcoins being pumped

*Dreams of the Bitcoin Builder profits that could be made*



917. Post 6471251 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: windjc on April 30, 2014, 09:44:53 AM
Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  Wink

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time?  Grin

What data are you looking at that indicates that no fresh fiat is coming into the market?



918. Post 6471430 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: windjc on April 30, 2014, 09:49:52 AM
Those bid walls on Huobi are some major BS, they get pulled every time they are the highest bidder.  Wink

Everyone on here believing (hoping) that the worst is over from China.

The exchanges have yet to ADMIT anything yet.

When that happens we will have another major sell off.

Plus, NONE of this matters without fresh fiat. That is the elephant in the room right now. And not a bull amongst any of you will talk about it.

Ignore it at your own peril.

Sure, sellers have slowed down here. They always take a break and let (or help) the gullible traders pump it back up.

How high can we get this time?  Grin

What data are you looking at that indicates that no fresh fiat is coming into the market?

Easy. When fresh fiat hits the exchanges like Bitstamp we see buying that is not occuring on other exchanges. For instance in November it was obvious.

Plus you can just email whatshisface at Bitfinex and he'll tell you how much new money is coming in the exchange. In November is was around $1 million a day to Bitfinex.

As for Houbi, just look at their volume. It is steadily declining every week.

Fair enough but just because people arent buying right now doesnt mean theres no fresh money waiting on the sidelines.

Plus theres a big loss of trust on exchanges and people generally arent looking to keep money on them making it more likely that it will all come rushing in once a trend reversal is more obvious.

On the one hand your saying people are idiots for buying now, China isnt over, nothing can happen until the exchanges admit defeat.

Then saying wheres the fresh money thats indicated by buying.

So what your really saying is where are the idiots?

Good I hope Huobis volume shrinks to near nothing and it gets taken off the front page of all the charts and we move on...



919. Post 6471548 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):


Quote from: gizmoh on April 30, 2014, 09:50:10 AM
Continuing decrease in total bid sum is a major indicator.:

http://coinsight.org/bitstamp

That chart isnt showing current data, the bidsum is showing as less than 8 mill which it was for a short time yesterday.

Its now just under 10 mill so makes that chart look much different.

Its been around 10-11 mill for a good few weeks now.

In general it has been going down but nowhere near as extreme as that shows.



920. Post 6471663 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Huobi pumping and Stamp and Finex looking at each other like WTF  Grin



921. Post 6472151 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: p0peji on April 30, 2014, 10:39:40 AM
Could this pump have been caused by westerners trading on Huobi, who want to get their money out of the exchange by buying btc and transferring it to Stamp or whatever?

Why would this have suddenly happened today?



922. Post 6472225 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: akujin on April 30, 2014, 10:51:48 AM
Something weird is happening... Chinese exchanges are up but stamp and btce are dumping  Grin Grin
Could it be the chinese dumping at other exchanges?  Grin Grin

Why would this have happened today and why would Chinese not sell on their own exchange for the higher price?



923. Post 6472341 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: akujin on April 30, 2014, 11:01:40 AM
Something weird is happening... Chinese exchanges are up but stamp and btce are dumping  Grin Grin
Could it be the chinese dumping at other exchanges?  Grin Grin

Why would this have happened today and why would Chinese not sell on their own exchange for the higher price?
I don't know.. maybe because of the coming holiday Not much people will catch their dump during that time Cheesy
Maybe there's no one else buying on their exchanges... fake buy and sell orders... LOL!

Chinese playing the trendreversal.avi movie clip on their exchanges then other exchanges follow it.. Then dump to those exchanges... LOL!


 Grin Grin Grin


OK.

I dont really know what your trying to say.



924. Post 6474536 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: seldon on April 30, 2014, 12:30:14 PM
Could this pump have been caused by westerners trading on Huobi, who want to get their money out of the exchange by buying btc and transferring it to Stamp or whatever?

This is something I've been wondering for some time. Even if it is chinese, the logical reaction to a pending ban should be to _buy_ asap and transfer to a safe wallet.

Yes in general but that doesnt have any logical connection to the small pump this morning. If western traders wanted out of Huobi (and they didnt do it at any point in the last 4 months) they would have done it while Stamp price was $15 higher. Theres no reason why all of a sudden western traders would jump from Huobi, I also doubt that there are that many western traders trading on Huobi anyway.



925. Post 6476699 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.41h):

Quote from: magicmexican on April 30, 2014, 03:45:13 PM
6500 pages, bullish?

Reckon we'll get page to $/BTC parity ever!?



926. Post 6488037 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Intersting bet guys, see its not that hard to agree terms  Wink

Im siding with billy on this one, I think if we can meander upwards towards $500 and an exchange closes its guaranteed, no exchange closure and were going to struggle to see below $400.

Gee what a suprise pretty much just betting on what the Chinese are feeling like currently  Grin



927. Post 6488058 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: el_rlee on May 01, 2014, 08:47:42 AM
This is interesting. The buyers have stopped buying during what is normally the busiest trading time of the day in China.

Is it a Chinese holiday? Because, if not, this is some crazy low volume right now.

Yes, it is

Dont forget the two holidays for Stamp users today and tommorow, we're entering another 4 day weekend.



928. Post 6489394 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

yer cause the FBI is going to drop a market sell on Stamp  Huh



929. Post 6489753 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: billyjoeallen on May 01, 2014, 11:03:44 AM
yer cause the FBI is going to drop a market sell on Stamp  Huh

Bitcoins are fungible. Whoever is buying FBI coins will not be buying on Stamp, so the effect is the same. Whoever is buying FBI coins might sell on stamp, however.

Let's just say that if I were to buy 100,000 BTC at auction from the FBI for let's say 20 million dollars, you're damn right I'd dump a few thousand of them on the exchanges. That is a real downside risk.

Yes i agree with that but its not the FBI thats going to need a little more depth is it Wink

Its a funny thing though because its like a once in a lifetime chance to buy that much with no slippage, I really beleive that if/when coins go to auction they will a) be split in lots and b) probably be pushed up to close to market price due to the fact that if you did want to buy say 10k BTC the price would probably be pushed at least $100 higher by the time you managed to buy them all. I mean theres even the chance that if its a fairly open auction that those coins will go above market price for the same reasons.

I think people are a bit delusional if they think you will be able to get large amounts of coin at 50% of market price.



930. Post 6489996 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

I think its definately a wait and see moment especially as the there are potentialy a substantial amount more people who have the "connections" who would want to buy BTC compared to a small New Mexico developement.

I agree that with gov auctions people arent notified and it slips under the radar but how often have the US government auction off anything with such widespread and global interest.




931. Post 6491302 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: billyjoeallen on May 01, 2014, 12:57:34 PM
Andreas Antonopoulos on Singularity 1 on 1: "Bitcoin is not currency, it's the internet of money!"

http://www.youtube.com/watch?v=KW_wYvZ1eZg

Antonoplis is great, but he overlooked a few issues on why deflation would not be a problem, namely that Bitcoin is not and likely never will be legal tender. The supply of bitcoin is finite but the supply of cryptocurrency is not. If there is not enough liquid BTC, then BTC derivatives or something like litecoin can fill the gap.

Maybe I am missing something, but why would there be 'not enough liquid BTC'?  If there is too little value available, BTC prices will rise and compensate for the lack in liquidity, no?   Why would anyone buy other stuff than the thing that keeps rising in value?

In general, you are correct, but let's say you wanted to buy a couple of supertankers worth of crude oil tomorrow and to pay for it with bitcoin. You couldn't easily acquire enough bitcoin to do that without seriously disrupting the markets, especially if the seller was going to cash out to fiat at the other end. You'd need to use a futures contract to avoid paying too much or too little.

Forgive me if I'm being ignorant but

Why would you do that and not just pay with fiat if fiat is the start and end goal?

How does an alternative crypto currency with even less liquidity solve that problem?



932. Post 6492686 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: billyjoeallen on May 01, 2014, 01:50:29 PM

Because you're buying the oil from Iran.


Who like the rest of the world primarily trade oil in the world reserve currency which it just so happens you are able to send them.



933. Post 6493076 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: billyjoeallen on May 01, 2014, 02:56:35 PM

Because you're buying the oil from Iran.


Who like the rest of the world primarily trade oil in the world reserve currency which it just so happens you are able to send them.

Iranian banks have been cut off from the international bank of settlements due to sanctions and pressure from the U.S. gov.

Right and I'm sure the only account that an Iranian oil tycoon has is an Iranian bank account.



934. Post 6493420 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Who's said its a bunch of bullshit? The only thing I have seen are people debating the real impacts.



935. Post 6493805 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: billyjoeallen on May 01, 2014, 03:34:29 PM

Because you're buying the oil from Iran.


Who like the rest of the world primarily trade oil in the world reserve currency which it just so happens you are able to send them.

Iranian banks have been cut off from the international bank of settlements due to sanctions and pressure from the U.S. gov.

Right and I'm sure the only account that an Iranian oil tycoon has is an Iranian bank account.

You're really missing the point. If the seller demands to do the deal in bitcoin for any or no reason, and you don't want to blow the deal, you meet the seller's terms. In extremely large transactions, those terms will likely include provisions for fluctuating value of the currency.

Yeah I agree with that but if the issue for you aquiring the BTC is that its immpossible to buy that many then whoever is selling isnt going to get anyone able to meet their terms. The seller wants to sell as much as a buyer wants to buy, requring an unreasonable or immpossible payment method isn't going to get you any buyers, period.

Going back to the original point how does an alternative crypto solve this problem?




936. Post 6495291 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Bitcoin rallies, how long till China bans it again.



937. Post 6507146 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Two more days of no fiat to come after this one...



938. Post 6507291 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

China wont detach too much before the arb bots kick in and buy it back up.

Question is how low can it drag it down.



939. Post 6508068 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: dnaleor on May 02, 2014, 01:26:35 PM
It's just so ridiculous to see Stamp following every move China makes. It's pathetic. Bitcoin traders are pathetic.

ineed? Is it even (still?) possible to get RMB out of China and convert it to USD?
If not, then there is no point in mirroring huobi.

It is possible to get BTC to the west and sell for $ though.



940. Post 6508071 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: p0peji on May 02, 2014, 01:28:06 PM
Quote
FXBTC (4th bitcoin exchange by volume in china) shut down by 5/10, cites it's because of unfavorable PBOC policies

Just a matter of time before Huobi and BTCchina decide it has been enough

My Fiat is ready  Grin



941. Post 6508831 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Is it not really strange that the next "China deadline" is supposed to be on a saturday?



942. Post 6509278 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Price would rise everywhere, theres an argument that gox' lack of withdrawals led to increased buying pressure and thus aided the rally that happened on every exchange.



943. Post 6509320 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Jorge when prices rise again will we see a Chinese Arousal Method prediction?



944. Post 6509644 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Asks havent really filled in behind the small drop, I can see this moving up $20 rather quickly.



945. Post 6538515 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

No but with all the uncertainty theres no point in rushing in either when were likely to bounce around here for a while.



946. Post 6538740 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: mooncake on May 04, 2014, 12:19:01 PM
Until everyone cries gloom and doom, then this bearish market is over.

That already happened a couple of time as well though. But people always want cheaper coins.



947. Post 6538842 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: JorgeStolfi on May 04, 2014, 12:30:14 PM
Huobi's order book is insane.  Must be kids playing traders while their parents are away.  Or the traders are all drunk.

Yep never seen it quite like this. Any ideas on the cause?



948. Post 6553828 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: JorgeStolfi on May 05, 2014, 11:40:01 AM
Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?
Hm, isn't that copy-paste from a post of mine?


yep, I remember when you said it lol. Weird



949. Post 6553870 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

Quote from: r34tr783tr78 on May 05, 2014, 11:55:42 AM
And we have to take in account that many orders are fake orders. When the price goes near, they are gone. Exchanges like Bitfinex allow fiat holders to put huge fake sell orders with only a fraction of the necessary money. The same can happen on the bid side.

They're not necessarily fake but if some news comes out or something similar and the price is crashing down people remove their bids wait for it to fall miss the bottom and then chase it back up, rinse and repeat.



950. Post 6554559 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.42h):

No but its an okay indication. Where else can you go and judge such a range of emotions all about Bitcoin.

In traditional stocks the investors are far more spread out, secretive and certainly don't congregate on an internet forum to talk about it.



951. Post 6569884 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

I think this market has completely lost its mind.

Also has anyone got a link to the 10th being a day something is supposed to be happening? Only thing I can find is about a Bitcoin conference or something.



952. Post 6570055 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Hm so realistically the 10th means nothing kind of like most the dealines before it.
Ah well let the saga of 2014 continue.



953. Post 6570080 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Chessnut, do you have any data showing the leverage stats in China? If not how can you presume that the end of leveraged trading and force closing all leverage positions would result in a price rise?



954. Post 6570113 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: Blitz­ on May 06, 2014, 09:25:55 AM
Chessnut, do you have any data showing the leverage stats in China? If not how can you presume that the end of leveraged trading and force closing all leverage positions would result in a price rise?
I think you know why that is. Cheesy

Something blind hope something something  Grin



955. Post 6570152 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Either way though the fact that we really haven't dropped on this news is leading me to question why we should presume that China has so many coins and there are 1000's upon 1000's of investors in China hanging on until the last second.



956. Post 6571285 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: magicmexican on May 06, 2014, 10:58:44 AM
Not going to lie, when i turned my PC on this morning and saw the reddit's title "CN exchanges release join statement" (before looking at the price), i was expecting to see 350 or under :-D

Does that fill you with confidence or thanks that you get another chance to sell before the inevitable crash. ?  Grin



957. Post 6571518 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: magicmexican on May 06, 2014, 11:17:48 AM
Not going to lie, when i turned my PC on this morning and saw the reddit's title "CN exchanges release join statement" (before looking at the price), i was expecting to see 350 or under :-D

Does that fill you with confidence or thanks that you get another chance to sell before the inevitable crash. ?  Grin

I have no clue, the whole thing is a mess, and i am too busy with my main work, so just watching from the sidelines now and checking the price once per day or two.

Stronger than I am then, its impossible when working from an office to not have a tab open. I agree its a mess and its not going to end anytime soon by the looks either.



958. Post 6571638 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: Boxman90 on May 06, 2014, 11:23:56 AM
While everyone is bored, what about the transaction fee fraud Bitstamp is doing?

(I assume most of you trade there)

https://bitcointalk.org/index.php?topic=597647.0

Wow thats pretty bad, have you attempted to contact Bitstamp themselves about this?



959. Post 6572512 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: sonofliberty on May 06, 2014, 12:27:16 PM


I guarantee it.

That looks like you predict double figures. Wanna bet on it ?



960. Post 6572619 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: oda.krell on May 06, 2014, 12:32:36 PM
While everyone is bored, what about the transaction fee fraud Bitstamp is doing?

(I assume most of you trade there)

https://bitcointalk.org/index.php?topic=597647.0

"fee fraud"... big words, huh?

Fact is, I knew about it, but it doesn't affect me more than for just a few cents (despite large volume), because I don't trade with bots or by splitting up a large trade into many small ones.

I can see how it would affect two types of traders: those that use bots to make many very small trades, and the example from the thread, of putting up a large order, and then having someone else "nibble" at it, thus driving up the relative fees.

Not ideal, but I have to ask: how do you prefer it to work otherwise? Rounding to a full cent seems reasonable, so the only solution I can see it calculating the x% fee they advertise over some time span's volume, as opposed to the volume of each (tiny) trade, which is then rounded up to a cent. I can see how Bitstamp would consider that an unnecessary effort to save some traders a few cent.

In either case, and in the spirit of choosing your words super carefully in here (remember kids, there are Bitcoin /fanatics/ in here, not /cultists/), the term "fraud" is entirely misplaced.

By making the minimum trade $5 so the fee is always at least a cent and you cant be conned by 10's of trades at less than a dollar.

EDIT: Plus its not a few cents is it, the OP lost out on $83.



961. Post 6572703 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Apparently we've all been getting it wrong.

Anyone care to comment?



Quote from: franky1 on May 06, 2014, 10:46:43 AM
some exchanges are closing due to the fact that they are not using BUSINESS bank accounts, instead they were using personal accounts.

chinese central banks are not commercial banks. they are personal banks. and if a exchange cant handle or be bothered to get a business account, which requires registering a business name with the government, getting tax registration numbers and showing the bank a business plan.. then do you really want to be trading with it, as that is normally a big neon sign that they dont want to be official. and that glows as "risky".

take intersango.. not chinese, but shutdown due to using an account not aimed for business purposes (you truely think amir taaki went through all the proper red tape??? come on!! think about it)

the problem with banks is not actually bitcoin, its lack of transparancy. this is why bobby Lee's chinese exchange is still running, and all the other basement dwelling exchange operators had to close shop.

so the basic point is, if you want to do business with bitcoin, do not use personal accounts.

it is even written by the chinese government themselves in their guidelines that bitcoin exchanges need to get government registered and to do it right. the same goes for any country. china is a no big news event. its the same story as intersango and the other exchanges across the world, in the past.



962. Post 6572770 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: p0peji on May 06, 2014, 12:45:27 PM
Apparently we've all been getting it wrong.

Anyone care to comment?



some exchanges are closing due to the fact that they are not using BUSINESS bank accounts, instead they were using personal accounts.

chinese central banks are not commercial banks. they are personal banks. and if a exchange cant handle or be bothered to get a business account, which requires registering a business name with the government, getting tax registration numbers and showing the bank a business plan.. then do you really want to be trading with it, as that is normally a big neon sign that they dont want to be official. and that glows as "risky".

take intersango.. not chinese, but shutdown due to using an account not aimed for business purposes (you truely think amir taaki went through all the proper red tape??? come on!! think about it)

the problem with banks is not actually bitcoin, its lack of transparancy. this is why bobby Lee's chinese exchange is still running, and all the other basement dwelling exchange operators had to close shop.

so the basic point is, if you want to do business with bitcoin, do not use personal accounts.

it is even written by the chinese government themselves in their guidelines that bitcoin exchanges need to get government registered and to do it right. the same goes for any country. china is a no big news event. its the same story as intersango and the other exchanges across the world, in the past.
Didnt BTC China get one of their accounts closed?

I know thats what I thought so have asked the question, they guy said they are now using a commercial bank.



963. Post 6573219 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: oda.krell on May 06, 2014, 01:05:09 PM


I can see how you think this is a matter of principle, but your solution is raising the minimum trade amount to 5 USD? I can see bot traders complaining about that...

Who matters more to Stamp, some bot traders who should know that they are likely to lose money using bots on Stamp due to this issue (it was also brought up that this is a reason people dont use bots on Stamp) and are also only making trades worth $1 or a customer moving on who reguarly trades amounts in the 20BTC area?



964. Post 6573791 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: oda.krell on May 06, 2014, 01:19:35 PM


I can see how you think this is a matter of principle, but your solution is raising the minimum trade amount to 5 USD? I can see bot traders complaining about that...

Who matters more to Stamp, some bot traders who should know that they are likely to lose money using bots on Stamp due to this issue (it was also brought up that this is a reason people dont use bots on Stamp) and are also only making trades worth $1 or a customer moving on who reguarly trades amounts in the 20BTC area?

Look, from what I wrote it should be clear I really don't mind if they define some min. order size.

But my point was whether this is "fee fraud". And whether I'd consider Bitstamp fraudulent, and not a place where I'd want to keep my money if they continue as they do now. And the answer to that is: I just don't care that much.

If you want to know what I /really/ consider problematic, take a look at the Bitstamp service thread and the discussion about what they accept (or not) as a response to their KYC questionnaire. Link


Yeah I know, you will see comments from myself about it in the thread.

Thats fine if you dont care that much but the fact is this is happening and the OP is out $83 because of it. The fact that you can do a trade size on the API smaller than on their website is troubling enough.

Whether its fee fraud is questionable but when you click sell you are agreeing to sell x amount for x amounts of $ and with a fee of x. That is what you should be charged.

mmitech I'm glad that your experience with Stamp is grand, the fact that you know the CEO and employees isnt a reason to have confidence in your assertions though. Its not no matter what you do people will call you a scammer fraud etc its when what your doing directly causes people to lose out that they feel like that. Make it so its not the case and no one can say anything.



965. Post 6574389 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: magicmexican on May 06, 2014, 01:12:21 PM
how old are these news?

https://bitcoinfoundation.org/2014/05/06/okcoin-joins-as-gold-level-member/

Todays news actually, funny that. If all Chinese exchanges are on the brink of closing as many in here believe, why are they being added to the foundation board?



966. Post 6574842 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

So no serious answers then?

What is one good reason to have OKCoin on the foundation board if they are about to get shut down... There isn't one. And gox doesnt count, gox was on the board way before most the trouble and was also probably the only exchange to choose from in regards to having one on the board.



967. Post 6574988 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Yeah, I also overlooked the fact that to be a gold member you just have to pay.

All this is really saying is OKCoin gave us xxxBTC



968. Post 6575379 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: gotmilk_ on May 06, 2014, 03:01:53 PM
So no serious answers then?

What is one good reason to have OKCoin on the foundation board if they are about to get shut down... There isn't one. And gox doesnt count, gox was on the board way before most the trouble and was also probably the only exchange to choose from in regards to having one on the board.

Sorry, but where did you read that okcoin is going to shut down? They have problems with banks that's all. As soon as they move to Hong Kong they will solve those problems  Wink They already said they are moving out soon...

EDIT: they got 10mil$ few weeks ago... I doubt they will shut down so easly  Smiley

Maybe I should make it clearer, there are people in this thread who have been telling us that the Chinese exchanges will have no choice but to shut down when they have no banks to work with. They were particularly loud about it this morning with the exchange announcement but have since been abit quieter after the price bounced back. That was a rhetorical question to them more than my assertion.

This is in addition to the quotation I posted earlier from another forum member who was saying that the reason exchanges are having their accounts shut down is because they are not registered and they are using personal bank accounts rather than business ones.

TBH me personally would rather they just shut up and shut up shop or just move abroad. Whether they are getting shut down or not the uncertainty is just suppressing prices.

EDIT: That $10mm was the end of 2013 likely before the PBoC announcement.



969. Post 6576269 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: JorgeStolfi on May 06, 2014, 03:53:30 PM
As far as i know we had bubbles of comparable magnitude before, with or without China.
The evolution of the BTC price since Oct/2013 can be explained in terms of Chinese events only, and does not seem to react to any events outside China.  Even the Feb/10 drop related to MtGOX was probably due to Mark's claim of a 'bug in the protocol' rather than the dealings of MtGOX itself. 

So it is hard to deny that the rise from ~100$ to ~1000$ and the current ~450$ are entirely due to the Chinese market.  If we consider percentual increase in price, indeed there were comparable bubbles before.  If we consider total demand for BTC, China was about 10x all the previous bubbles combined.

Jorge it is asinine to suggest that any rise in price since OCT was entirely due to the Chinese market I dont see why you make such broad, unsubstantiated and above all unprovable point.

Of course though to someone who now borders on the line of trolling its to be expected. The fact that the biggest exchange in the world stopped fiat withdrawals so the only way out was BTC of course did nothing to the price. Added to that the fact that SR was busted and everyone realized there was more to BTC than just SR that didnt help at all. Every single positive thing that happened between $100 - $1000 was of course down to the Chinese  Roll Eyes



970. Post 6578194 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: JorgeStolfi on May 06, 2014, 05:26:05 PM

I repeat: every move of the price since Oct/2013 correlates with events in China, starting with the opening of the Mainland Chinese market a couple of months before. The crash of early december, the recovery in late decenber/january, the decline since february - all can be explained with China only, with no obvious sign of influence from Western events.

Understandably, bitcoin enthusiasts and entrepreneurs in the West must hate the idea that bitcoin price is set by Chinese speculators, at the mercy of an extremely "statist" foreign government.  How can you promise profits and security to investors in that context?

Okay well for a start Chinese markets were open as early as 2011 so your mistaken there.

Quote from: JorgeStolfi on May 06, 2014, 05:26:05 PM
That came only after the Oct/Nov rally.  By early december there were still many who claimed that MtGOX withrawals were mostly working, only a bit slow.

The dollar withdrawal delays explained why MtGOX prices were 10% higher than those in other exchanges, but they cannot possibly explain the 1000% increase.
Right and you don't think an exchanges price rising has an effect of dragging the others up. Yes it was 10% higher a lot of the time but the fact is when there is a decline in price as was seen mid to late last year because you couldn't get fiat out people would catch the falling knife quicker and thus would hold up other exchanges. As you have seen over the last several months arbitrage holds exchanges prices closely together so you don't have to be a brain surgeon to see the effect this has on the overall market.

Quote from: JorgeStolfi on May 06, 2014, 05:26:05 PM
I cannot follow that reasoning.  The busting of SR made people realize that bitcoin transactions were not invisible to the FBI at all. How could that have helped other uses?

The "cleansing"of bitcoin's image (which did not actually happen, it is still the "coin of crime" for many people)  cannot possibly explain a rise of 1000% in 2 months.  "Other uses" could not and did not expand that fast.  The Chinese market could and did.

By the way, I still don't know what caused the April/2013 jump.  Some said it was videos on YouTube; perhaps.  Could it have been the opening of the illegal drug market by SilkRoad?  Or was it the initial opening of the non-Mainland Chinese market by BTC-China?

Thats because you weren't involved with Bitcoin earlier than last year. The only thing people like you had to say about BTC was its just used for buying drugs theres no other reason for it etc etc. Well look , the price didn't go to $0 as many were trying to say guess what that does? All the detractors who wrote it off as drug money are suddenly very interested, I mean how can something that was only used to buy drugs have value outside of drugs  Shocked

Really with the same old rhetoric ? The dollar and its ponzi scheme is the coin of crime.

Silk Road was open in 2011 so no. Your research is terrible and it makes your points almost laughable. How can I take you views seriously when you can't even find out when Silk Road opened, its even got a Wikipedia page.

Quote from: JorgeStolfi on May 06, 2014, 05:26:05 PM
No, only that the "positive" things that happened outside China had very small effect, because they were relevant to only a small part of the market.  Why would the Chinese care about things like Overstock or SMBIT?

Besides, the rise from 100$ to 1000$ took less than 2 months.  What earth-shaking bitcoin developments happened in that interval?

Moreover many of those "positive" things were just vaporware or fizzled, and others had a negative impact when they failed.  

The market went from 2 to 30, 15 - 266 in those sorts of time frames as well. Whats your point? It doesn't need earth shattering developments. Just like your seeing now good news came out and developments were happening all the time in the run up to November but the price hardly moves then all of a sudden the price starts rising. All the bears stand around wondering why even though they've just sat around for two months listening to all the developments, no doubt the same will happen this time. You seem to think the market is 100% speculation and needs 'news' to move. The market can move by normal dynamics such as adoption as well you know.

As it currently stands millions of dollars of vc funds and normal investors are building Bitcoin businesses, everyday those services open and gain a wider customer base. In time no doubt the price will rise again to accommodate this and you will be one of those screaming it back down saying how irrational it is. Its very easy to be like you in a bear market I can't wait to see what nonsense you produce in a bull one.



971. Post 6578231 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: adamstgBit on May 06, 2014, 05:44:16 PM
As far as i know we had bubbles of comparable magnitude before, with or without China.
The evolution of the BTC price since Oct/2013 can be explained in terms of Chinese events only, and does not seem to react to any events outside China.  Even the Feb/10 drop related to MtGOX was probably due to Mark's claim of a 'bug in the protocol' rather than the dealings of MtGOX itself.  

So it is hard to deny that the rise from ~100$ to ~1000$ and the current ~450$ are entirely due to the Chinese market.  If we consider percentual increase in price, indeed there were comparable bubbles before.  If we consider total demand for BTC, China was about 10x all the previous bubbles combined.

Obviously. Because price and demand driving the price are in a linear relation, huh?
Agreed, that "10x demand" is just a very rough guess, based not only on the price increase but also on the demographics of the market as some articles have described it (not nerds, but mostly amateur speculators with no computer expertise, who used to speculate on other things - a profile that seems to be common in China but not in the US).

What is your guess for the number of coins that Chinese speculators have bought to speculate with -- 2x, or 50x, the Western number?  Wink
1/10th

Jorge has been wooed by Chinas pretty volume numbers and actually thinks they own 90% of the coins.



972. Post 6588319 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: p0peji on May 07, 2014, 08:11:15 AM
What if Huobi now has a system in place that would only let the price fluctuate 50 yuan a day? To protect its traders?

edit:
I know it sounds crazy but we are dealing with an exchange in distress here.

Yeah deffo sounds crazy. Could you imagine everyone would be waiting to sell/buy into the trend as soon as a new day started.



973. Post 6588478 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: TERA on May 07, 2014, 08:43:24 AM
i think it would have no volume most of the time

I think it would have no volume all the time.

As said for a start despite what some may think Huobi isnt the whole market.



974. Post 6588740 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: Mythul on May 07, 2014, 08:57:52 AM
Another day, no rise, no action. Stable price.

Isn't that what everyones supposed to want though  Grin

And dont speak so soon the day is young



975. Post 6588829 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

No doubt some news coming in 3.2.1



976. Post 6588890 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: mooncake on May 07, 2014, 09:11:52 AM
@TERA and windjc - Still short?

Abit premature on a $9 move.


TERA already said she wasnt really short and was technically probably long.



977. Post 6589122 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Someone just absorbed 500BTC at 440 on Fenix. Definitely expected that to get pulled.



978. Post 6589879 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

For the love of god please stop quoting him  Wink

TERA, whats your current feelings regarding the exchanges.

if the 10th was just a deadline to make statements by, was yesterdays statement from the exchanges a plea for the banks to work with them or is that all we're going to get until the next ?



979. Post 6589902 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: Cassius on May 07, 2014, 10:24:32 AM
Oh, man this chart looks sick. http://coinmarketcap.com/xrp_180.html


brb off to buy me some xrp the chart makes it look like a sound investment.



980. Post 6590361 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: p0peji on May 07, 2014, 11:05:17 AM
On to more serious matters, why are there such big buy orders on Huobi?

China unbanned Bitcoin  Wink

Its starting to be the last chance for any Chinese people to easily get some skin in the game lol



981. Post 6590828 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: magicmexican on May 07, 2014, 11:34:15 AM


Last chance to get bitcoins under 1500$.

I like this one Smiley

Can anyone remember the link to the collection on train pics? Been looking for it for ages now but havent needed it much the last few months. 



982. Post 6591040 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: p0peji on May 07, 2014, 11:59:47 AM
Great news indeed, according to WSJ China government is finally enforcing the regulations.
Chinese people holding BTC in one of the exchanges after 10-05 are basically fucked, as is also suggested by some people on the Chinese sub-forum of this board.

Funny that, this was on BTCChinas facebook page from 15 mins ago

Dear Customers,

Contrary to some recent media reports, deposits to BTC China are still available via two methods: BTCC Voucher and Cash Deposits. Our Exchange is operating normally and all customer funds are secure.

We recently removed the Bank of China's bank transfer deposit method at the bank's request. We plan to provide our customers with more deposit options soon. Please stay tuned.

BTC China Team
May 7, 2014



983. Post 6591824 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: TERA on May 07, 2014, 12:53:38 PM
dont fuck with that 12h macD



Buy or die!



Remind me what happened in regards to news etc around that time?



984. Post 6592239 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: TERA on May 07, 2014, 01:02:33 PM

I think it was something about a Chinese bank account closing or the 'apr 15 deadline'. I don't really care about the news though. I just know when we are close enough to the downtrend line, we are bound to go down for some reason or another - the market is just looking for any excuse to jolt down.

You have a shorting target then?



985. Post 6592686 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: TERA on May 07, 2014, 01:30:13 PM

I think it was something about a Chinese bank account closing or the 'apr 15 deadline'. I don't really care about the news though. I just know when we are close enough to the downtrend line, we are bound to go down for some reason or another - the market is just looking for any excuse to jolt down.

You have a shorting target then?

I don't have any guess about the bottom that I can be confident about. I am closing out all my trading positions on the next big move, whether it is up (Trend reversal), or down (good price) and quitting trading.

Fair enough, I'm just waiting for the real trend reversal and then Im max leverage and getting on with life for a few months.



986. Post 6593067 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: TERA on May 07, 2014, 01:54:39 PM

I think it was something about a Chinese bank account closing or the 'apr 15 deadline'. I don't really care about the news though. I just know when we are close enough to the downtrend line, we are bound to go down for some reason or another - the market is just looking for any excuse to jolt down.

You have a shorting target then?

I don't have any guess about the bottom that I can be confident about. I am closing out all my trading positions on the next big move, whether it is up (Trend reversal), or down (good price) and quitting trading.

Fair enough, I'm just waiting for the real trend reversal and then Im max leverage and getting on with life for a few months.
You have to keep in mind that even after the reversal there are going to be a lot of sideways periods that go on for months. Are you just going to hold a leveraged position for months and months? That's a lot of swap fees (and a lot of exchange risk). I only like to leverage during the ATH rallies.

Im not as sure as you that we will see months of sideway action, you could argue that the last month or so has been sideways.

0.07% is hardly a lot of fees if the price is trending upwards. Cheaper than a normal loan but yes there is the exchange risk. When I say when the trend is reversed I mean definitely, for sure, not we've gone up $30 in a day(you could even call it what you may consider an ATH rally situation).

It all depends how you look at it, I think that this trend is not really reversing until China is actually over and done with either way, I think that once that happens its going to be like a spring that has been compressed for months.



987. Post 6593555 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: TERA on May 07, 2014, 02:31:58 PM

Once prices are trending upwards, the swap fee will probably get much higher. I saw it high as 1.5% in November.

Weren't they quoted monthly back in November though and now we're working on daily?



988. Post 6595031 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Look at the Finex swaps, we're in for a short squeeze.



989. Post 6607994 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: windjc on May 08, 2014, 08:17:01 AM
Can someone clue me in here...

Is this just another pump led by the Chinese? or is this news driven?

From my understanding, some of the banks still have not issued deposit closure to the Chinese exchanges, but will at some point.

This can only be explained as short covering and irrational exuberance. There is no other explanation. Apparently, no one in the continent of Asia wants to sell their coins right now, so despite the fact that there is no new money with which to purchase them, shorts are covering (due to leverage trade banning) and money on the sidelines is buying the pump.

Do you have have data for Huobi swaps?

Longs have to close as well.



990. Post 6608104 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Also with the Chinese exchanges having no leveraged trading and now fee's, why would they not move to a platform such as Bitfinex where they can leverage trade all they want.

If Huobi et al do stay open they will just become a ghost town following the other exchanges on nearly 0 volume. Thats whats great about a decentralised world currency  Wink



991. Post 6608114 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: windjc on May 08, 2014, 08:31:13 AM
The bulls are behind the train trying to push-start it again.

Yeah, this doesn't make sense to me. The "bulls" should already own bitcoin. And its hard to get money into the exchanges, so the "bulls" aren't buying new coins.

That's why I think this is short covering. I think shorts were taking profits as quickly as they could.

Unlike the rally last week, there is no selling pressure, no dumping. Its like the sell function on Houbi has been turned off.

About 1000BTC of shorts have covered on Finex as well but I think  a lot more of them could be covered if this continues.



992. Post 6608575 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: TERA on May 08, 2014, 09:06:18 AM
Its like the sell function on Houbi has been turned off.

Thinks. This reminded me to check the Stoch RSI. I forgot about that nifty feature.


My biggest question is this: who is going to sell if they can no longer short? Are people actually still on the exchange that are going to want their money out in the form of fiat? I can see people leaving the exchanges by removing their bitcoin. But are people in China going to permanently leave bitcoin, sell and take their fiat away, who have not already done so?

And will new mined coins still go to the Chinese exchanges if its difficult to withdrawal?
You have to keep in mind that the vast majority of Chinese bitcoin traders are professional shadow currency traders and market makers - they are not bitcoiners. They do not want a long term investment - they want to find somewhere else where they can do their HFT, run their bots, and such.

So Bitfinex?



993. Post 6608722 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: Asrael999 on May 08, 2014, 09:16:04 AM
Its like the sell function on Houbi has been turned off.

Thinks. This reminded me to check the Stoch RSI. I forgot about that nifty feature.


My biggest question is this: who is going to sell if they can no longer short? Are people actually still on the exchange that are going to want their money out in the form of fiat? I can see people leaving the exchanges by removing their bitcoin. But are people in China going to permanently leave bitcoin, sell and take their fiat away, who have not already done so?

And will new mined coins still go to the Chinese exchanges if its difficult to withdrawal?
You have to keep in mind that the vast majority of Chinese bitcoin traders are professional shadow currency traders and market makers - they are not bitcoiners. They do not want a long term investment - they want to find somewhere else where they can do their HFT, run their bots, and such.

So Bitfinex?

Its not a simple proposition to transfer money from mainland China to Hong Kong - the $50,000 personal limit still applies, and there are also rules for corporates. Also one imagines that Bitfinex's KYC process might be rather more rigorous than those employed by Chinese domestic exchanges which might put some of the domestic Chinese off from using them.

I agree to a point, I dont think it would be too hard for the sort of market maker that TERA is referring to to circumvent that in some way. The issue of fee's is a valid one.



994. Post 6611233 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: JorgeStolfi on May 08, 2014, 12:21:52 PM
Can someone clue me in here...

Is this just another pump led by the Chinese? or is this news driven?

From my understanding, some of the banks still have not issued deposit closure to the Chinese exchanges, but will at some point.
Could be that some traders see some advantage in having a large BTC balance in the Chinese exchanges after May/10.  E.g. to sell to other addicted traders as in OKCoin's broker mechanism. Or to sell to lazy and ill-informed clients who will end up with yuan trapped inside the exchanges and will need to convert them to BTC to get their money out.


What hogwash. So what do these sellers do with their yuan thats then trapped inside the exchanges after they have sold to the 'lazy and uninformed' (we'll forget the fact that they've been informed since december for now).



995. Post 6611935 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: soullyG on May 08, 2014, 01:07:29 PM
Bitstamp have updated their minimum order amount to $5:

Quote
Dear Bitstamp clients,

On May 15th, 2014 the minimum trade amount will be changed to $5.00.

Bitstamp’s accounting system rounds trading fees to pennies. To greatly reduce the impact of this rounding for our clients the minimum trade amount is being raised to $5.00.

The $5.00 trade minimum will apply to both our web interface and our API.

Best regards,
Bitstamp team

https://www.bitstamp.net/article/bitstamp-minimum-trade-changing-to-5/

LOL, rather than do the correct fix.



996. Post 6613918 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: mmitech on May 08, 2014, 01:28:09 PM
what a fucking joke, the last couple of days some of you were crying all around the place about the rounding up and about Bitstamp ripping customers off, and most of you agreed on the $5 min order, in fact most of you said it should minimize the effect, but today you are crying again about them doing what you wished for !!!!! what the heck is wrong with people  Angry




We know you like Bitstamp and you know some people who work there but people are allowed to have opinions. No ones crying, your the most irate person in this situation. If I didnt know better I'd say you were a staff memeber or share holder the way you jump up and down when anyone says anything about Stamp.



997. Post 6619881 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

You should head into the #mtgox-talk irc channel to find out all the details of sunlot and their plans. It stinks to be honest.

They also want to spend $10mm on the investigation of the 'theft'.




998. Post 6628282 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

It means he counted them but had no idea how many there were supposed to be  Grin



999. Post 6628570 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: lemonte on May 09, 2014, 08:58:57 AM
(And yes, Justin Bieber occupied the small room just next to us.)

The plot thickens.. My money is on Bieber and his entourage stealing the laptop!

Have you seen some of the people he has in his entourage? Probably couldnt even turn one on!



1000. Post 6629045 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: el_rlee on May 09, 2014, 09:35:37 AM
Are we still waiting for some kind of Chinese countdown to end at the 10th? Is there some explanation of the situation somewhere?

I beleive that the 10th was only a deadline to make statements by for the exchanges. Other than the bitcoin conference there is nothing I can find significant about tommorow.



1001. Post 6629100 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Has anyone seen these hardware wallets that went on sale in China yesterday and will be available internationally tommorow?

http://chairmancrypto.com/?p=54

http://www.bit-sky.com/index.php/hardwarewallet



1002. Post 6629198 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: akujin on May 09, 2014, 09:46:51 AM
Has anyone seen these hardware wallets that went on sale in China yesterday and will be available internationally tommorow?

http://chairmancrypto.com/?p=54

http://www.bit-sky.com/index.php/hardwarewallet
I wouldn't put my coins on that wallet if I were you.. LOL!

Did I say I was?

Just intersted to see what people think, Trezor has taken forever so if these are ready Im sure some will sell.



1003. Post 6629619 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

The dump that will occur when nothing happens as per usual ?



1004. Post 6630265 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

The early adopters who play the market come under whale and super whale. Being an early adopter with a significant stash goes hand in hand with knowing lots of the business owners.



1005. Post 6630405 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: jl2012 on May 09, 2014, 11:16:35 AM
But why exactly did the Chinese exchanges pull out of the bitcoin summit, and what is the real chance they shutdown without notice in the next days?

Shutdown without notice is not that high I think, the chance of a shutdown notice being published is very likely imo.
With a deadline or two, of course!

The latest rumor is shutdown before 30 June

Source?



1006. Post 6630770 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: JorgeStolfi on May 09, 2014, 11:35:37 AM
But why exactly did the Chinese exchanges pull out of the bitcoin summit
My reading of the Google Translate of the recent "five exchanges agreement" is: they were reprimanded for promoting investment in bitcoin in general and/or bitfund.pe in particular.  (There must be many common folks in China who lost their savings trading bitcoins, and that is bad PR for the government if it does nothing about it.)  Thus, as part of their effort to assuage the government, the exchanges decided to curb their marketiing of bitcoin investment, and in particular pull out of that Summit.

How can you lose your savings if it didnt go to 0 ?

The very worst you could do is lose 60% anything over that is your own fault for trading it. You cant blame the instrument if your a bad trader. This idea that the government needs to protect you from your own investment decisions is comical.



1007. Post 6630876 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: TERA on May 09, 2014, 11:49:30 AM
But why exactly did the Chinese exchanges pull out of the bitcoin summit
My reading of the Google Translate of the recent "five exchanges agreement" is: they were reprimanded for promoting investment in bitcoin in general and/or bitfund.pe in particular.  (There must be many common folks in China who lost their savings trading bitcoins, and that is bad PR for the government if it does nothing about it.)  Thus, as part of their effort to assuage the government, the exchanges decided to curb their marketiing of bitcoin investment, and in particular pull out of that Summit.

How can you lose your savings if it didnt go to 0 ?

The very worst you could do is lose 60% anything over that is your own fault for trading it. You cant blame the instrument if your a bad trader. This idea that the government needs to protect you from your own investment decisions is comical.
leverage, loans, or making bad trades over and over so it is greater than 60%.  You can make more than one trade in the market (people in the forum can't seem to understand this concept)

Read the bolded part, leverage ,loans and bad trades are the persons fault for being a bad trader or bad investor the very worst you could IF you just invested and didnt trade is 60%ish, what I'm saying is valid.

Besides putting all your life savings in bitcoin and then trading it to 0 is astronomically retarded and you deserve to lose it.



1008. Post 6631573 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

I think we will see a fairly healthy run if nothing happens tommorow, of that I'm fairly sure. The fact its on a weekend doesnt help though I'm sure people who are buyers will have sent their fiat in in good time.



1009. Post 6632237 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Probably but also likely to be $400 higher  Grin



1010. Post 6633067 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: JorgeStolfi on May 09, 2014, 01:25:41 PM
How can you lose your savings if it didnt go to 0 ? The very worst you could do is lose 60%
That wasn't meant literally, of course.  Losing 60% of all you own is bad enough, don't you think?

But you CAN lose all of your life savings if you left the bitcoins in MtGOX, invested in Neo & Bee, or any of the other zillion bitcoin scams. (The first time I heard of bitcoin was when Rick Falkvinge tweeted that he was investing all his savings in bitcoin. Guess where he left them.  Fortunately for him he managed to get part of them out in time.)

You can also invest your 50'000$ of savings plus 50'000$ borrowed from relatives, friends and banks.  (You can bet that many people did that.  If the salesman says that for sure BTC will be worth 1'000'000$ in a few years...)

This idea that the government needs to protect you from your own investment decisions is comical.
It is funny, but one of the things that people expect the government to do is to protect them from scammers who try to sell unsound financial instruments with misleading promises.  That is why there are things like the SEC and consumer protection laws.  And that seems to be the reason why many bitcoin businesses catering primarily to US citizens are based in Panama or other unlikely countries.

Who's the sales person? Why is there this idea with you that people have been mislead and sold something by someone in particular ? In the fiat world scams are bought into all the time do we really need to start metioned Maddof et al ? Thats what you call being robbed of your life savings not investing in a brand new BETA technology and then moaning that its lost value because you listened to some guy on the internet instead of making your own decision. These fiat financial scams and frauds genuinely rob people of their lifes work and do genuinely sing promises of high returns.

The thing that annoys me most with your conjecture is that you speak as though everyone whos in BTC right now bought $1200 coins. Thats just not the case the majority of people are well above their initial investment and the rest of them are likely down no where near 60%. 

A fool and his money are soon parted and if somebody invests in a volatile asset that they can see with their own eyes has been so volatile and then moan that it goes down instead of up they are a fool.

If someone borrows $50,000 off freinds and family to invest in a ridculously volatile asset then they are a fool.

If someone left their Bitcoins with a third party service then they are a fool.

If someone invests more than they are willing to lose they are a fool.

Dont you see where this is going ?

I take it you advocate boiler room pump and dumps then that leave people with low single digit %'s of what they were conned into investing for promises of high returns.




1011. Post 6633078 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: p0peji on May 09, 2014, 01:32:39 PM
How can you lose your savings if it didnt go to 0 ? The very worst you could do is lose 60%
That wasn't meant literally, of course.  Losing 60% of all you own is bad enough, don't you think?

But you CAN lose all of your life savings if you left the bitcoins in MtGOX, invested in Neo & Bee, or any of the other zillion bitcoin scams. (The first time I heard of bitcoin was when Rick Falkvinge tweeted that he was investing all his savings in bitcoin. Guess where he left them.  Fortunately for him he managed to get part of them out in time.)

You can also invest your 50'000$ of savings plus 50'000$ borrowed from relatives, friends and banks.  (You can bet that many people did that.  If the salesman says that for sure BTC will be worth 1'000'000$ in a few years...)

This idea that the government needs to protect you from your own investment decisions is comical.
It is funny, but one of the things that people expect the government to do is to protect them from scammers who try to sell unsound financial instruments with misleading promises.  That is why there are things like the SEC and consumer protection laws.  And that seems to be the reason why many bitcoin businesses catering primarily to US citizens are based in Panama or other unlikely countries.

Personally I think it is a good thing that a government does that to a certain extent, if it would not we would all be at the mercy of the gods (1%'ers).

LOL cause the government aren't part of the 1%'s

EDIT: just noticed someone said the same thing pretty much. Point still stands.

Dont you see Jorge advocates the fiat scams that go on all around that are legal thanks to a corrupt government but spends his time bashing on a beta project that anyone with an iota of common sense knows could result in total losses.



1012. Post 6633595 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Bulls be like haha no one cares about China. Moon.

Bears be like just the last pump before the single digit dump.



1013. Post 6633940 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

The 1w MACD is no where near crossing...



1014. Post 6634450 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: JorgeStolfi on May 09, 2014, 02:52:54 PM
Who's the sales person?

The people who say that bitcoin will be worth at least 5'000 USD by next year.  Those who claim it will preotect your money from inflation, bank haircuts, taxes, etc.  Those who still claims that the price can only increase since there is only a fixed number of bitcoins. Do I need to point out examples? (Not long ago the WSJ reported on some Argentinian woman who said 1'000'000 USD/BTC.

People say all sorts of things are going to rise in value quick buy now. Gold, property etc etc. Does that make the people who put their money into that without doing their due research any less of a fool?

Bitcoin can do all of those things.

IF demand for Bitcoin increases and their is a fixed supply they will become more valuable you can say the same for gold...

Great lets tar everyone with the same brush because of what some women in Argentina said. How ignorant that you want to stereotype all bitcoiners because there are those that are trying to make their stash worth more... How educated and objective a view.

Why is there this idea with you that people have been mislead and sold something by someone in particular ?
Because they were?  

Thats not the question I asked you. Show me some proof of someone being misold bitcoin on the pretence that it is guranteed to go up in value thats not something a randomer on the internet said.

Note: and even someone saying BTC could be worth $100k in the future isn't miselling them as how do you know it won't?

In the fiat world scams are bought into all the time do we really need to start metioned Maddof et al? Thats what you call being robbed of your life savings not investing in a brand new BETA technology and then moaning that its lost value because you listened to some guy on the internet instead of making your own decision. These fiat financial scams and frauds genuinely rob people of their lifes work and do genuinely sing promises of high returns.
Madoff went to jail and his name is rightly mentioned all the time when discussing scams.  Why shouldn't the bitcoin Madoffs go to jail too?

Misleading marketing is misleading marketing, it does not matter whether it was on a blog, through an YouTube video, or printed on glossy paper.

Um they should, again thats not an issue with Bitcoin itself.

This is the crux really isn't it. Wheres the misleading part? If you were around in May last year you would have been saying ha all the people who bought at $266 were mislead and misold should go to jail etc and then look 6 months later you would be eating your hat.

Plus if you allow yourself to beleive that BTC is going straight to $1mm GURANTEEED (which is the only time misselling matters, just saying they COULD isn't miselling) your a fool.



The thing that annoys me most with your conjecture is that you speak as though everyone whos in BTC right now bought $1200 coins. Thats just not the case the majority of people are well above their initial investment and the rest of them are likely down no where near 60%.  

The early bitcoin investors who later sold some of their holdings made huge profits at the expense of the later entrants.  That is what happens in any pyramid or Ponzi too, including Madoffs.  It does not make the thing a sound investment: since bitcoins pay no dividends, the expected gain for the average investor, in the long run, is negative.

Same for gold then?

You have to distinguish between investment to have a share of BTC and an investment to later sell for fiat profits. In the former the $ value doesn't matter.

Believe it or not, in the specualtion forum the majority are trying to do the later but only to have more of the former. If you were to spend time speaking to people in other areas you may find that not the case.

A fool and his money are soon parted and if somebody invests in a volatile asset that they can see with their own eyes has been so volatile and then moan that it goes down instead of up they are a fool.

If someone borrows $50,000 off friends and family to invest in a ridculously volatile asset then they are a fool.

If someone left their Bitcoins with a third party service then they are a fool.

If someone invests more than they are willing to lose they are a fool.

Dont you see where this is going ?
Er... anyone who invests in bitcoin is a fool?  Wink
Guess again. Anyone who invests in anything while doing those things is a fool.

I take it you advocate boiler room pump and dumps then that leave people with low single digit %'s of what they were conned into investing for promises of high returns.
Quite the opposite, I just wish that the bitcoin boiler room be treated like any other boiler room.

Thats great, I implor you to effect change and be active in the acheivment of this goal. But go after the services and  campaign for better regulation and punishments if thats what you see the problem as being.

I dont see you denouncing fiat currency everytime there is an unsolved scam within world.

Your issues are with the scammers surrounding bitcoin tackle them then. The fact is you only perceive there to be a high % of scams because this is a small community and this forum is an oppurtunity to air everything that happens within the BTC world therefore you always hear about the scams if you come here and read the board.

If there was a fiat forum with a small community of fiat users you would find the same.








1015. Post 6634907 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

sshhh no ones long in China in bear land.



1016. Post 6635113 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: JayJuanGee on May 09, 2014, 03:47:39 PM

The 3d MACD has moved into green (if only slightly) on most exchanges and the 1w is backing off... I'm quite positive.

I am NOT sure what any of this means, either... but the 3d has been pretty solidly green, and even the 1 week is turning into a green in recent hours.



The 1w MACD is no where near crossing...


I was referring to the color of the candle - rather than the crossing of the lines.  I understand that the crossing of the lines is a much more delayed occurrence - with a need for several green candles before the lines cross.

Im not sure I see what your saying. This is the 1w chart...



How is the latest MACD candle green? They have to cross for that to happen.



1017. Post 6635190 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.43h):

Quote from: adamstgBit on May 09, 2014, 03:56:24 PM
we appear to be setting up for another leg up.

i'm scared someone hold me.

Its okay, you've been here before, I know its been a while but try to remember all that you learnt.

Better ?  Grin



1018. Post 6658536 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: oda.krell on May 10, 2014, 06:54:38 PM
Some of you are seriously cheering for a necro of mtgox?

Just know that you'll deserve any and all of the abuse you're going to get if that piece of shit exchange gets a second chance.



Yep, just why I don't get. Just take your 20% and let it die. Open a criminal investigation and find out what actually happened and close the case.



1019. Post 6659936 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: JayJuanGee on May 10, 2014, 09:40:43 PM
Some of you are seriously cheering for a necro of mtgox?

Just know that you'll deserve any and all of the abuse you're going to get if that piece of shit exchange gets a second chance.



Yep, just why I don't get. Just take your 20% and let it die. Open a criminal investigation and find out what actually happened and close the case.

You are living in a dreamspark (oh wait?) if you believe that there is going to be any meaningful criminal investigation.

Didn't say it would happen, just that is clearly exactly what should be happening, even if it doesn't its still the course of action that should be being taken.



1020. Post 6660420 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Slight rally mode engaged. Randomly some volume out of nowhere.



1021. Post 6668893 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: EuroTrash on May 11, 2014, 09:46:27 AM
ok so let me guess how this might play out:

1. FXBTC played a Gox (fact)
2. Other exchanges might be operating a fractional reserve too (speculation, https://bitcointalk.org/index.php?topic=592760.msg6505570#msg6505570) (meh, call me fudster if you want)
3. Chinese traders are worried that other exchanges might pull a Gox too and hence a part of them will aim for the fiat exit door, depressing the price.
4. 1 and 2 add another reason for PBoC to want to "protect the people" and pull the plug on the other exchanges before a large scale Goxxing happens.
5. When/if 4 happens, we will soon discover how much is the impact on price on western exchanges. It might as well be the final test (bit like the "Silk Road bust" test last year) and bring the decoupling that everyone here seems to be expecting.


Maybe if they're running fractional reserve there's even less coins in Chinese hands lol. Now that would be funny. I'd call this a pretty positive weekend absent any new news in the next hour or so. Even at this point a $27 price rise and no super fud from China is a good thing.



1022. Post 6674056 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Just enjoying the ride on this one.

Is there any news or anything?

Anything actually come of yesterday ?



1023. Post 6674198 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: windjc on May 11, 2014, 05:50:18 PM
Some (Chessnut?) (Rpetilia) is deleting a lot of their posts in this thread.

The incredible shrinking bear thread.

Lol cant you see deleted posts on the mirror'd version of this site ?



1024. Post 6674460 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: windjc on May 11, 2014, 06:09:38 PM
Guys - fiat is leaving the Chinese exchanges.

That is why the market is selling off.


wasn't it suppose to have be done before may the 10th ?

Think about it for a second. If you held leveraged trades on Houbi and you were told you had 2 days to close them out before there were no more leveraged trades, what would you do? You would close them out. Since its a bear market, there were many more shorts - so shorts closed and it spurred a small rally.

Meanwhile if you were a HFT trader and new that you wanted to retire from the exchange and bitcoin trading now that HFT will be charged fees, would you sell your positions while the market was rallying? Hell no. You want the best price. So you let the market go up and hope it continues so you can get a better price. But once the market started selling off, you BETTER sell now and get out.

That is what we are seeing.

I'm not sure about that.
Check Bitfinex, 75% are bulls and 25% bears, even we are in a bear market. Chinese exchanges could follow the same pattern, that means a lot of longs probably need to be closed in the near future before they halt margin trade.

That could mean more dumps incoming.

Maybe. But explain to me how Finex's stats can be real?

Longs never go below $14 million even on the most bearish days. How can they pay the interests and never close? Likewise, shorts never go below 7K.

Unless there are REALLY long term loans on each side at low low interest rates, then I can't understand how those stats are real.

One thing I've noticed with lending on fenix is often people take loans and close their positions but never actually give back the borrowed BTC or Fiat and it sits in the unused swaps tab. Its happened to me before as well and you can tell by how often a loan is out for the full period when your a lender.



1025. Post 6674523 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: windjc on May 11, 2014, 06:15:10 PM
Guys - fiat is leaving the Chinese exchanges.

That is why the market is selling off.


wasn't it suppose to have be done before may the 10th ?

Think about it for a second. If you held leveraged trades on Houbi and you were told you had 2 days to close them out before there were no more leveraged trades, what would you do? You would close them out. Since its a bear market, there were many more shorts - so shorts closed and it spurred a small rally.

Meanwhile if you were a HFT trader and new that you wanted to retire from the exchange and bitcoin trading now that HFT will be charged fees, would you sell your positions while the market was rallying? Hell no. You want the best price. So you let the market go up and hope it continues so you can get a better price. But once the market started selling off, you BETTER sell now and get out.

That is what we are seeing.

I'm not sure about that.
Check Bitfinex, 75% are bulls and 25% bears, even we are in a bear market. Chinese exchanges could follow the same pattern, that means a lot of longs probably need to be closed in the near future before they halt margin trade.

That could mean more dumps incoming.

Maybe. But explain to me how Finex's stats can be real?

Longs never go below $14 million even on the most bearish days. How can they pay the interests and never close? Likewise, shorts never go below 7K.

Unless there are REALLY long term loans on each side at low low interest rates, then I can't understand how those stats are real.

One thing I've noticed with lending on fenix is often people take loans and close their positions but never actually give back the borrowed BTC or Fiat and it sits in the unused swaps tab. Its happened to me before as well and you can tell by how often a loan is out for the full period when your a lender.

But holding longs at rates from 28% to 150%+ is expensive as hell. How could anyone have done this in a 5 month bear market. It doesn't add up for me.

Im not suggesting the same people are holding those loans as they auto close after 30 days. Just that that happens, especially with BTC as its so cheap to borrow.



1026. Post 6684633 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: ShroomsKit on May 12, 2014, 09:53:59 AM
Today Bitpay is coming with a huuuuuge announcement right?

Maybe its as huge as the blockchain.info announcement that got hyped as well lol.



1027. Post 6684889 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: Davyd05 on May 12, 2014, 10:04:20 AM
Today Bitpay is coming with a huuuuuge announcement right?

http://tech.sina.com.cn/i/2014-05-12/07139373191.shtml

china has a cooler floating already

Not quite sure what its saying but the part about FXBTC not allowing users to remove coins etc is scary.

The rest of it just seems to be saying the same as we know, especially about leveraged trading.



1028. Post 6686036 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Dont feed the troll  Wink



1029. Post 6687185 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

If everything in China has been leveraged to the hill, when it all settles we could easily see insolvent exchanges.



1030. Post 6687484 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: xulescu on May 12, 2014, 01:20:38 PM
If everything in China has been leveraged to the hill, when it all settles we could easily see insolvent exchanges.

Sounds like Huobi is in full zero-reserve-mode.

Do you have a source for this ?



1031. Post 6687981 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: niothor on May 12, 2014, 01:42:08 PM
Why does every thread in which Rpietila post turns into a discussion about Rpietila ?

Haterz gon' hate.


Makes me laugh, people trying to discredit him behind an anonymous nickname, grow some balls put a face to your name if your going to slander someone.




1032. Post 6688408 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: NotLambchop on May 12, 2014, 02:02:00 PM
...grow some balls put a face to your name if your going to slander someone.

Ok, Mr.dreamspark.  Hippy parents, I take it?

Not sure what your trying to say but okay...



1033. Post 6688428 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: NotLambchop on May 12, 2014, 02:15:08 PM
...
I fail to see what that has to do with "Bitcoin price movement tracking and discussion"  Smiley
...

When a mental patient gives out financial advice, take it with a grain of salt.
Work for you?


No it doesn't actually.

It might sound tongue in cheek, but I believe there are plenty of people - not necessarily rpietila - who would be considered ripe for a mental institution but who have particularly keen insight in certain respects. It seems quite obvious to me that these things can often go hand in hand: a person has an unusually large part of their concentration focussed on one thing, leaving less of their mind or personality for the rest.

When his advice is clearly fueled by manic episodes, after which he ends up hospitalized?

Also SATAN!1!

Great, so don't take the advice, anyone who takes advice from someone on the internet is an idiot.

I fail to see how this affects your life.



1034. Post 6688610 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: NotLambchop on May 12, 2014, 02:18:31 PM
...grow some balls put a face to your name if your going to slander someone.

Ok, Mr.dreamspark.  Hippy parents, I take it?

Not sure what your trying to say but okay...

You are asking people to offer their real names and pics on an anonymous internet forum before posting their opinions.  While posting an opinion under a pseudonym without an attached selfie.  Get it now, Anon?

No, try again.

I'm asking people who throw out slander and attempt to defame people for no good reason, call someone a bad businessman and insinuating that they are better/ more successful to back themselves up and not hide behind a pseudo anon identity. Particularly when dealing with someone who is doing the exact opposite of that.

Am I doing any of those things? No

If I was I'd have the balls to put a face to a name and not hide behind a computer like a 10 year old.

EDIT: Discredit the entire thread ? What planet are you living on. Please point to the part where I asked how this guy's mental state is relevant to the thread where he doles out financial advice....



1035. Post 6688864 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: T.Stuart on May 12, 2014, 02:34:46 PM


In my humble opinion notlambchop's either a professional troll or a genuine c**t!  Smiley

We'll go with both and leave it at that   Wink



1036. Post 6690235 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

How long until everyone thinks

"havent heard anything from China in a while, must all be okay, PANIC BUY"

 Grin



1037. Post 6690654 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: T.Stuart on May 12, 2014, 04:05:11 PM
http://www.dailymail.co.uk/travel/article-2626208/GuestLeader-worlds-booking-engine-accept-bitcoins-payment-hotel-stays.html

This must be the Bitpay news. Guess some noob social network employee got over-excited.

I thought we established up thread that they had already tweeted this ?



1038. Post 6692671 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: latoxine on May 12, 2014, 05:13:56 PM
In this case no. I would say kraken is a very fine exchange for small traders


Thank you,

In fact, I didn't know ( and I'm not the only one I think because it's not explained were I '' learned" BTC) that I could trade only with the volume available on the website I choosed.

I thought the prices were the same for every one , like for wall street stocks, and that only fees, website bank etc were different.

 

In general the prices are pretty similar but thats due to arbitrage more than anything else.



1039. Post 6696558 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: edwardspitz on May 12, 2014, 11:00:47 PM
Boring day, but right now is a bit exciting. It seems that someone is trying their best to encourage a breakout. Here is Kraken with an unusual bid wall:



...and there was just a large-ish buy at Bitstamp. But the resistance is strong, so I think we will need some totally amazing news for a breakout to happen.

Whats the volume like at kraken? Is it not big enough to play that spread ?



1040. Post 6702691 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Lake BTC, how do you stand in regards to the Chinese regulations then?



1041. Post 6702974 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: EuroTrash on May 13, 2014, 09:30:16 AM
(Almost) 4k coins volume in last 24h. On Stamp. On a Tuesday.
Are we sliding into oblivion?

Its not suprising in my eyes that there is a massive lack of volume. We've been in a downtrend for so long now people generally have taken their position and are just waiting for the direction. These are the sorts of times when we can have those $100 days.



1042. Post 6703416 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

This is pretty big news guys;

CEX (computer exchange) are now accepting bitcoin. They are a pretty big deal here in the UK.

http://blog.webuy.com/

Not only that though but you can also GET bitcoin instead of cash for your old phones games etc. Most merchant adoption we see has a depressive action on the market but with this if they pay out more in Bitcoin than they get in they will actually have to buy BTC! Even if they dont they wont be selling all the BTC they get like other places. Theoretically the majority of the business could be done in BTC.

EDIT: on top of that they are also trialing a store in Scotland as a pound free store and it will have Scotlands first bitcoin atm.



1043. Post 6703577 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: Asrael999 on May 13, 2014, 10:23:07 AM
Is this Indexventures news the big announcement bitpay trailed at the weekend?

http://indexventures.com/news-room/blog/payment-without-borders-why-we%E2%80%99re-backing-bitpay


a $30mm investment round by the looks of it?

Sell the news !
While all news and publicity is good, this particular piece isnt too bullish as its just more money invested in a service thats in the business of converting BTC to Fiat.



1044. Post 6703739 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: Asrael999 on May 13, 2014, 10:28:32 AM
Is this Indexventures news the big announcement bitpay trailed at the weekend?

http://indexventures.com/news-room/blog/payment-without-borders-why-we%E2%80%99re-backing-bitpay


a $30mm investment round by the looks of it?

Sell the news !
While all news and publicity is good, this particular piece isnt too bullish as its just more money invested in a service thats in the business of converting BTC to Fiat.

on no, more transactions = bad

Since when did more transactions (which are BTC==> FIAT) necessarily = good ?

You cant argue that payment processors and people accepting BTC to instantly convert to fiat has a net upwards effect on price.



1045. Post 6704044 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: TERA on May 13, 2014, 10:43:51 AM
I'm suspecting that if there is another big cycle of down action, the associated 'news' may not even be based on China. For example in the Feb-Mar cycle, the 'news' was all about Mtgox. Then the Apr cycle was about China. So maybe a next one would have something to do with the U.S. or with the USD exchanges, or some giant block of coins from the government or hackers being dumped. Chinese news seems to have a weak momentum now.

No option to go up now that the Chinese news has weak momentum TERA Wink ?



1046. Post 6705589 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: niothor on May 13, 2014, 12:58:25 PM
That manor can be turned into something that looks so much better than the first pic. Go with white & gold man! Smiley That's what some architectures do. Buy them in such state and sell back with triple the price. So much jellyness in the air. Everything aside, it's possible to make a profit after a complete decoration work. That alone makes it a smart investment.

No please no!!!
And secondary , can we talk about dumps and walls or ponies or unicorns rather than this damn subject!

It's wall observer not Risto observer

Okay, someone just dumped 300+BTC worth of fiat.

We call it the anti-dump.



1047. Post 6705717 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: turtlehurricane on May 13, 2014, 01:01:50 PM
That manor can be turned into something that looks so much better than the first pic. Go with white & gold man! Smiley That's what some architectures do. Buy them in such state and sell back with triple the price. So much jellyness in the air. Everything aside, it's possible to make a profit after a complete decoration work. That alone makes it a smart investment.

No please no!!!
And secondary , can we talk about dumps and walls or ponies or unicorns rather than this damn subject!

It's wall observer not Risto observer

Okay, someone just dumped 300+BTC worth of fiat.

We call it the anti-dump.
What is pump for 500?

Im not sure I understand your question ?



1048. Post 6706402 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: aminorex on May 13, 2014, 01:19:36 PM
Is this Indexventures news the big announcement bitpay trailed at the weekend?

http://indexventures.com/news-room/blog/payment-without-borders-why-we%E2%80%99re-backing-bitpay


a $30mm investment round by the looks of it?

Sell the news !
While all news and publicity is good, this particular piece isnt too bullish as its just more money invested in a service thats in the business of converting BTC to Fiat.

which requires btc.

think it through, people. sheesh.

Which many people, particularly early adopters already have.

Thats the point.

People keep working under the assumption that anybody spending BTC is replacing it immediately, I would conclude that that is not the case for a large portion of spent coins. 



1049. Post 6706429 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: rpietila on May 13, 2014, 01:28:57 PM
a $30mm investment round by the looks of it?
think it through, people. sheesh.

Nice, but I would just have bought 75k more btc at this point.. (Hopefully Bitpay do)

Do bitpay quote any figures in regards to how much BTC they keep?



1050. Post 6710210 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: aminorex on May 13, 2014, 05:25:53 PM
It was interesting after AnonyMint's lengthy and detailed rebuttal of why Bitpay is such great news for BTC that responses there came...none.

Or should I say...sheesh

Yeah, maybe I should compose a lengthy rejoinder?  I don't think it's worth the time.  Anonymint is clever and educated, but obstinate and sometimes obsessively ideological.  Which works for his purposes, but I see little point in trying to correct him (unless he's making an error which is likely to hurt himself or someone else).  Heck he argues well enough so that he might convince me to be wrong too.

Anyhow, bitpay adds liquidity to BTC which increases the utility and hence use of BTC, which increases demand.  Everyone who spends via bitpay has to get BTC somewhere, somehow.  It is certainly true that if one could only buy BTC and never sell it, then in the presence of a fixed non-zero demand, the price of BTC would be higher than if selling was an option.  But the fact is that demand is not fixed, and in the long run, steady-state, demand would go to zero and price to zero in that scenario.  The sustainable condition is that supply and demand are matched, and price varies to accomodate that equation.  The more BTC is used, the higher the demand, and the higher the price will go to find supply. 

Bitpay is use.  Use is good.


I do agree and certainly in the sense of the long term but I find it hard to wrap my head around the idea that just because its being used its a good thing. In money velocity terms it is but the fact is if 10% of people don't buy btc to replace what they spend the net effect on the price is that to sustain the same levels you need new investors to inject that missing 10%.

The other thing is while you are right that they had to get the coins sometime and somewhere, that demand theoretically drove the price up, if that demand is lost (by spending and not buying again) how can the net gain , without new investors, be positive?



1051. Post 6719985 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

windjc, while realising that fresh fiat is important its also necessary to remember the other ways the market can move. eta say theres $10mm on the sidelines at Stamp. Say there's 10k BTC to $1000 if the sellers all leave their sells then $10mm is needed to get there. Say the sentiment changes and or good news. All of a sudden there's only 4k BTC to $1000 this only takes $4mm, 60% less. Im not arguing that fresh fiat isn't important or that it wouldn't help the cause but I think its important to consider other dynamics in the price rising.



1052. Post 6721396 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: windjc on May 14, 2014, 07:46:47 AM
windjc, while realising that fresh fiat is important its also necessary to remember the other ways the market can move. eta say theres $10mm on the sidelines at Stamp. Say there's 10k BTC to $1000 if the sellers all leave their sells then $10mm is needed to get there. Say the sentiment changes and or good news. All of a sudden there's only 4k BTC to $1000 this only takes $4mm, 60% less. Im not arguing that fresh fiat isn't important or that it wouldn't help the cause but I think its important to consider other dynamics in the price rising.

Sentiment is not going to change without fresh fiat. It's not. Hell, how much more bullish can sentiment get anyway? We are in a 5 month bear market and most people here are incredibly optimistic. However, these same people have very little new money to invest.

If no one chooses to sell we can't go down. But the longer we flatline the greater the chance that "big bad news" from China will rear its head.

And for those of you that say it can't get worse, it CAN.

I.e. ---> Houbi closes, Houbi is insolvent, China bans bitcoin literally including exchanges, etc etc

I think its important to remember that world wide sentiment can not be gleaned from this thread or this forum.

We're just speculating, everyone thinks their way of seeing things is correct but in reality we wont know until most things happen.

I personally think that a lot of the money is there, its amazing where it all comes from once a bull run starts. I agree that China can always drop a news bomb but their daily exchange volume has been dropping since the middle of feb. I'd argue this is people cashing out and the effect of this has also helped drag the other exchanges down due to coins leaving.

I think what a lot of us disagree on is ,if we could get an exact number now, how many coins do the Chinese have? I'd wager that my answer would be lower than yours  Wink



1053. Post 6721418 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: atoni on May 14, 2014, 08:28:24 AM
In any market price is directly dependent to amount of money willing to enter the market. 

Thats not true. In any market price is directly dependent on supply and demand dynamics.



1054. Post 6721493 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: T.Stuart on May 14, 2014, 09:44:07 AM
In any market price is directly dependent to amount of money willing to enter the market.  

Thats not true. In any market price is directly dependent on supply and demand dynamics.

Directly related to money

Well yeah price is a unit of money.

Okay to rephrase slightly.

The amount of money willing to enter the market, offset by the amount of money wanting to leave the market.

If I said to you 100 billion is entering the market you would shout from the roofs how this means that price must go to $1mm each? Right, but what if 101 billion was willing to exit the market. Its a two way street and you cant say just the money entering the market dictates the price.



1055. Post 6722782 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: bigdave on May 14, 2014, 11:13:48 AM
Are we in the midst of a pump and dump? Considering the lack of volume one wouldn't think so but with the price having been slightly increasing since about 20:00 EST last night until now I'm wondering if a dump is in our near future?

Why is every move met with "pump and dump" Its risen close to $10.

But for future reference a period of low volume is a good time for a pump.



1056. Post 6738886 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):


Quote from: JorgeStolfi on May 15, 2014, 05:01:21 AM
http://bitcoinnewsbrief.com/blog/2014/05/14/shutdown-of-chinas-fxbtc-exchange-leads-to-customer-outrage/
Huh Cheesy 


Outrage lol. The article says there is believed to be about $8000-$13000 worth of BTC on the site, so like 25 coins? Hardly an outrage by many people is it...



1057. Post 6739866 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: TERA on May 15, 2014, 08:32:22 AM



 Shocked you can buy those???







1058. Post 6740231 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: keithers on May 15, 2014, 09:03:28 AM
Over the past month the ranges have gotten tighter and tighter, with volatility shrinking almost by the day. Volume has been steadily declining also.  I can feel some action brewing soon...

For sure and to be honest with how long the downtrend has been going on for I think the chances are more than likely it goes up.

We havent heard a peep out of China for a week or so and other than the dump on the 11th we've been steadily going upwards for 10 or so days.



1059. Post 6740385 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

That was the weirdest 5 mins of action. Simultaneous pumping and dumping, I know its been boring people but make up your mind Cheesy



1060. Post 6740664 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: windjc on May 15, 2014, 09:44:22 AM
The bulls BIG accomplishment these last 5 months is grinding the bear market to a halt and destroying any opportunity to trade.

Now we can just sit here for several weeks (months) and stare at each other until we all eventually leave and move on to other things.

Thanks Obama Bulls!

Sorry that the market didnt dump to $10, will make sure next time there's a downtrend that everyone sells everything Wink



1061. Post 6740673 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Also, did anything ever come of the Bitpay announcement ?



1062. Post 6741148 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: TERA on May 15, 2014, 10:13:47 AM
http://charts-bfxdata.rhcloud.com/bitfinexLiquidityPriceCombinedBTC.php

4000btc of shorts covered in the last day on bitfinex. That is literally all of the volume there. All of today's trading on finex was shorts covering, and finex interacts with stamp, so that could be most of the stamp volume too.

Actually your wrong about that.

See:  https://bitcointalk.org/index.php?topic=229438.msg6719122#msg6719122

That spike to 12k BTC shorts that your working from was due to someone trying to raise the interest rate. The real number of shorts closed is more like 1000BTC at best.

Its like what I was trying to say to windjc yesterday, BTC swaps != actual shorts.



1063. Post 6741543 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

The bid sum has increased ~ $1.2mm in the last day or so.




1064. Post 6741678 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: TERA on May 15, 2014, 11:10:22 AM
Well well well, it would seem that the effect of Chinese events and Chinese trade is in fact proportional to China's volume after all. There have actually been many pieces of bad Chinese news in the past weeks which have failed to result in new lows or sometimes even a reaction at all. Meanwhile the volume of chinese exchanges has dwindled to about 1/3 of what it used to be.  I suppose, barring a complete shutdown of the Chinese exchanges, we will need to see some news on an entirely different subject to continue the downtrend.

The 1/3 of the volume was to be a sure thing due to no more leverage, no ?

This is what certain people have been trying to say for weeks, once the market really moves absent Chinese overlord news, the coiled spring is likely to be released.



1065. Post 6741963 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Some more bullish news for you then TERA  Wink

http://www.coindesk.com/indias-first-fully-open-bitcoin-exchange-launched/



1066. Post 6741972 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: niothor on May 15, 2014, 11:36:31 AM
Well well well, it would seem that the effect of Chinese events and Chinese trade is in fact proportional to China's volume after all. There have actually been many pieces of bad Chinese news in the past weeks which have failed to result in new lows or sometimes even a reaction at all. Meanwhile the volume of chinese exchanges has dwindled to about 1/3 of what it used to be.  I suppose, barring a complete shutdown of the Chinese exchanges, we will need to see some news on an entirely different subject to continue the downtrend.

That makes sense. Fake or not, Huobi's volume was by far the largest of all the exchanges and most traders/investors will look where the most volume is and make their decisions based on that. So now that their volume is down the Chinese influence on the price went down as well. If the PBOC wants to gain back control of the price they had better find a way to increase the volume on the Chinese exchanges again or they will soon be history. Tongue

Why do you think they give a f** about BTC price?

Because they've been loading up for the last 5 months  Cheesy



1067. Post 6742056 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: niothor on May 15, 2014, 11:38:54 AM


Do you have any proof for that or just rumors?

Its a joke.

There would be no way in the world to know if people high up in Chinese banking had bought BTC



1068. Post 6742212 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: niothor on May 15, 2014, 11:46:36 AM


Do you have any proof for that or just rumors?

Its a joke.

There would be no way in the world to know if people high up in Chinese banking had bought BTC

Rumors , rumors but whenever I hear about the importance of China I feel like puking.
It was a pump based on fake volume and assumptions.

And what is worse , right now people believe that without China we should go back to 100 and ignore every progress made from last autumn.


I don't think many people seriously think that, not ones who weren't perma bears anyway.

There will always be something be it gox, China etc but its all about their severity. The China situation is a real threat in speculative terms but the actual weight of it is reducing. Even if its just a short pump the market is begging for a rally.



1069. Post 6742238 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: niothor on May 15, 2014, 11:51:20 AM


Quote
Next big thing

In December, the bitcoin community turned to India as its next great hope after Chinese government statements caused the price to drop from its record high of $1,200. India is an emerging economy with a population of over a billion people, nearly half of whom are unbanked or under-served by banks.

Another hype based on nothing..
I'm pretty sure the exchange will claim millions in volume while having 100 satoshi in it's wallet.

The emerging countries , BRICS , myths about adoptions in Africa...

The only real way for bit coin to grow is being used where people have enough money to spend and business eager to accept it.
And that's the good old Europe and North America.

Sorry but thats quite narrow minded, the amount of wealth in India and other Asian countries is humongous. Yes there are lots of poorer civilians there as well but to suggest that emerging countries dont have the money to spend is just incorrect.



1070. Post 6742345 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: niothor on May 15, 2014, 11:57:34 AM

Now , since we're talking about China , has anybody some links with shops , websites in China dealing with bitcoins?
I've asked about this in December and in February and didn't get that much feedback:).

Are there chinese actually holding bitcoins and not just speculating and trading?


I have no idea and you would be better off asking Chinese members of the forum. Its hard to get a translation on announcements let alone try and work out what they're mainly doing with their BTC.



1071. Post 6746656 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

I have a little chuckle to myself every time Jorge mentions silk road as having a negative effect on price.

You do realise Jorge that there are more listings on SR 2.0 than was on the original silk road at the time it was taken down. Thats not to mention the other market places such as Agora that are doing a lot of business. Thats the thing with decentralization and prohibition. Its unstoppable.



1072. Post 6748692 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: JorgeStolfi on May 15, 2014, 04:37:39 PM
I have a little chuckle to myself every time Jorge mentions silk road as having a negative effect on price.

You do realise Jorge that there are more listings on SR 2.0 than was on the original silk road at the time it was taken down. Thats not to mention the other market places such as Agora that are doing a lot of business. Thats the thing with decentralization and prohibition. Its unstoppable.
Well, there are many FBI agents dreaming of promotion, and the original SilkRoad was not enough for all of them.  Wink

Seriously, I haven't paid much attention, but wasn't there a big hack/scam on SilkRoad 2.0 ?
http://beta.slashdot.org/submission/3340235/silkroad-20-hacked-all-bitcoins-stolen
http://bitcorati.com/forum/topic/silkroad-2-0-finally/

While the advantages of bitcoin for buying illegal drugs and guns may make bitcoin more popular among drug users, gun crazies, and mobsters, it is a negative feature for most everyone else, including potential investors and entrepreneurs.  Like the "election" of Brock Pierce to the board of the Shrem Karpeles & Friends Foundation...

Yeah but like all businesses that take loses you move on. Im not saying that the theft was legit etc just thats what a business does. I don't get the relevance that has to your proclamation that SR bust had a lasting negative effect on price.

I don't disagree with you about the image but that doesn't directly relate to price. Drugs in general have a pretty bad image but they're darn expensive Wink

You say that it a negative feature for most else but why don't they see that as a negative feature of fiat? Or are we being hypocritical?

The answer to your points every time though in regards to Bitcoin and drugs/crime is $$$$. Plain and simple. Plus not only because most crimes involving money use the $, Ģ etc but also what big time criminal, drug dealer or arms dealer would want to hold and transact in BTC for large amounts!!!!

Major criminals don't want to hold BTC for the same reason you claim no one should be investing in, volatility, pyramid scheme, can't gurantee value etc etc. Explain this to me as well then. Im fat Tony and I've just done a big arms deal for BTC Ive got people to pay who don't want BTC and I need to buy my wife some nice things. How do I go about liquidating say $5mm worth of Bitcoin or around 10,000 BTC ?

Not only would it be difficult to use an exchange due to KYC, AML, bank transfers but look at the volumes recently trying to liquidate that many coins is not easy in fact almost impossible if you agree a $ to BTC rate when you make the deal. You would end up loosing way more than the agreed deal due to not being able to liquidate that many coins at spot price. Do you see the issue here in an argument that many millions of dollars of criminal activity is done in BTC. Im talking actual criminals here not just someone selling a bit of weed.



1073. Post 6759742 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Some substantial support building at around $430 at the moment.

5160 BTC to drop $16.



1074. Post 6759974 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Jorge Im still waiting on your reply to this post https://bitcointalk.org/index.php?topic=178336.msg6748692#msg6748692

Your very quick to be negative spreading your views which your entitled to do but not so quick to retort to valid points that I'm fairly certain you can't answer. I like hearing some of the things you say but you make these points and when someone refutes them you don't seem to reply and just continue saying the same things people have already debunked.



1075. Post 6760190 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: Hunyadi on May 16, 2014, 09:46:16 AM
Jorge Im still waiting on your reply to this post https://bitcointalk.org/index.php?topic=178336.msg6748692#msg6748692

Your very quick to be negative spreading your views which your entitled to do but not so quick to retort to valid points that I'm fairly certain you can't answer. I like hearing some of the things you say but you make these points and when someone refutes them you don't seem to reply and just continue saying the same things people have already debunked.

There have been already so many jorges. Always with the same arguments. Over and over again...

Yep but the difference with this Jorge is he's actually a very intelligent man who you can learn a lot from, but like all academics they don't take kindly to being proven wrong Wink



1076. Post 6761252 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: p0peji on May 16, 2014, 11:23:22 AM


Well what bothers me is that is postponing the inevitable drop, in which case my shorts will bring me more $ than they are now.

Can I borrow that crystal ball after you ?



1077. Post 6761473 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: p0peji on May 16, 2014, 11:33:56 AM
Another thing that annoys me is that when I write "Inevitable crash" I get 3 responses within a minute stating that I am pulling predictions out of my ass. While in the meantime if for example Chessnut predicts "CCMF" with his EW analysis (which he hasnt the slightest idea about), people are already like "CCMF" etc.

Well don't use words like "inevitable crash" saying CCMF around here is just a buzz word, It doesn't mean we are inevitably crashing upwards. (though on a long term scale its probably true Wink )

And at least chessnut posts some charts and reasons for saying that. If Im not mistaken you posted the other day crash of the century incoming when we were at $442...



1078. Post 6761547 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.44h):

Quote from: TERA on May 16, 2014, 11:47:12 AM
Why is it that bulls speak so emotionally and inappropriately while bears speak so calmly and rationally?

Yeah why is that, fonzie and igoor and mah37 are all such rational posters.



1079. Post 6762988 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: edwardspitz on May 16, 2014, 12:58:38 PM
I am by no means an expert in chart analysis or indicators. But when I look at the 3d chart and the RSI indicator all I see is the fractal repeating itself one more time:



I find this chart particular interesting because there are other indicators the could point to trend reversal (such as the way we have been right at the top of the descending channel and possibly even broken out a few times).

Looking across the 3 sections where we have been overbought you notice that the volume has increased every time. It don't think this means anything...  It is just because Kraken has gotten more customers (which of course is a good thing Smiley)  If you think my interpretation is wrong then please enlighten me.

I think that if you want to do long term analysis thats fair over a period of time you should use an exchange that gets more than a peak of 5700BTC on the 3d chart.

Not saying your observations aren't legit just that volume can tell you a lot and kraken doesn't have much.



1080. Post 6765275 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: TERA on May 16, 2014, 03:25:35 PM
Does anyone else think this trend looks similar to the pre-gox-failure trend in the 800s where it kept hitting 820? I can't be the only one...



Yep but unlikely to follow through without go... sorry I mean Huobi closing Wink What news could come now that's worse than Gox?



1081. Post 6765438 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: TERA on May 16, 2014, 03:45:00 PM
Does anyone else think this trend looks similar to the pre-gox-failure trend in the 800s where it kept hitting 820? I can't be the only one...



Yep but unlikely to follow through without go... sorry I mean Huobi closing Wink What news could come now that's worse than Gox?
Well if this TA was actually valid (I'm not saying it definitely is) then I think the idea is that you know that some type of event is going to reveal itself eventually because there is this persistent invisible wall at a low level where someone is distributing based on inside information, and while the whole market is bullish as hell, they keep bouncing off of this insider wall.

Fair point, still doesn't answer what could be worse than Gox ? Even if all Huobi closed I'm not sure it would have the same % terms that gox did.



1082. Post 6795459 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Not even the chance to make $1 in the last 3 days. Don't even mind if it goes down a bit but please do something!



1083. Post 6818874 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: aminorex on May 19, 2014, 04:49:50 PM

Only as it always does, as part of the hype cycle, only to rise another order of magnitude on the next cycle.    I suspect BTC will still be gaining value long after I've moved into a privacy-enhanced successor coin.


Speaking of privacy enhanced coins, did you join the Monero train the other week, I'm sure it was you who mentioned it and I had a look. Bought a few thousand at 0.0003 and just sold a chunk at the top of a pump to 0.005 on Polinex moments ago.

Insane growth. Made up for the last 6 months of BTC prices and lack of volatility.



1084. Post 6823588 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: bigdave on May 19, 2014, 10:53:33 PM
Do the folks at BTC-e know something that Bitstamp doesn't? There is now a $10 difference in price with BTC-e dropping.

Some times the folks over there decide to go off on their own. Often dumps lower for no reason.



1085. Post 6829423 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

I have a good feeling about today  Grin First time Ive been woken up by a bullish price alarm forever!



1086. Post 6829817 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

These are the sorts of walls that can see us rally +$100 in a day.



1087. Post 6830530 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Is that in then or are we pausing to let a few more passengers on?

Huobi's volume is still decreasing over the last week or so, is it going to dwindle into non existence?



1088. Post 6830708 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: Blitz­ on May 20, 2014, 08:26:38 AM
Isn't it a bad idea to have wallet software in your browser? Even for hot funds, it seems to me as if it would be particularly prone to malware.

I would imagine it would be rather foolish to have any hot funds within a browser. Thats just if the app isnt malicious in the first place! I'd imagine there are many exploits known about in the black hat community in regards to hijacking extensions.



1089. Post 6831032 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: ShroomsKit on May 20, 2014, 09:05:07 AM
Is that in then or are we pausing to let a few more passengers on?

Huobi's volume is still decreasing over the last week or so, is it going to dwindle into non existence?

The last 20 pumps were part of a pump and dump. I guess people are so used to this now that they automatically start selling after a 10 or 15 dollar rise. It's not smart to buy more at that point if there is a big chance there will be some big dumps again.
As what often happens with Bitcoin trading the expectations of a certain scenario actually enable that scenario while it might never have happened in the first place.

This is true, its just starting to feel a little different though, perhaps its the boredom in me wishing it to do something but the hangover of November/December seems to be lifting a little.



1090. Post 6831126 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: fonzie on May 20, 2014, 08:21:33 AM
Google bans Bitcoin!!

http://www.coindesk.com/secure-wallet-extension-kryptokit-disappears-chrome-browsers/

It looks really bad. Only a week after SecondMarket got their bank account banned due to Bitcoin, now google takes the next step.ī
 Undecided

Welcome back Fonz, the FUD stores must really be running dry at the moment if thats the best youve got. You've had two weeks to produce some quality bear material and this is all you come up with. Disappointed.



1091. Post 6831485 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: zimmah on May 20, 2014, 10:09:28 AM
Is that in then or are we pausing to let a few more passengers on?

Huobi's volume is still decreasing over the last week or so, is it going to dwindle into non existence?

Maybe a rally without china would be very bullish. It will show the world that we don't need china for a rally, and everyone who is not Chinese will panic less when china does something stupid again like banning bitcoin. Mainwhile the Chinese will realize even mrie how important it is to own bitcoin and they will try everything they can to get their hands on them, regardless of what their government thinks about bitcoin.

Well at least a decent west led rally, you wouldn't find the west shooting off without China at all as the arb bots would kick in.



1092. Post 6833226 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: aminorex on May 20, 2014, 12:13:08 PM
sold half my mro at 40x my entry price.  bidding to buy it back at 20x.  don't you just love crypto?

can't imagine trading btc anymore.  no volatility to speak of.  i may just hold until it hits $4mm.  still rolling my short iwm gains into btc though.

Yep, MRO has paid for a deposit on my second home.

Bought 10k at 0.0008 for 8BTC sold 5k at .006 for 30btc and 5k at 0.008 for 40 btc

Profit of 62btc in a few days. Thats jut the main chunk as well I did a fair bit of trading when it swung between 0.001 and 0.002.

Thanks again Wink

Definitely re buying though this coin is really different.



1093. Post 6833270 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: podyx on May 20, 2014, 12:20:16 PM
What exchange do you use for MRO?

Been using cryptonote.exchange.to but all the volume has moved to poloniex.com.



1094. Post 6833314 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: ShroomsKit on May 20, 2014, 12:21:39 PM
sold half my mro at 40x my entry price.  bidding to buy it back at 20x.  don't you just love crypto?

can't imagine trading btc anymore.  no volatility to speak of.  i may just hold until it hits $4mm.  still rolling my short iwm gains into btc though.

Yep, MRO has paid for a deposit on my second home.

Bought 10k at 0.0008 for 8BTC sold 5k at .006 for 30btc and 5k at 0.008 for 40 btc

Profit of 62btc in a few days. Thats jut the main chunk as well I did a fair bit of trading when it swung between 0.001 and 0.002.

Thanks again Wink

Definitely re buying though this coin is really different.

What's mro?

Monero

https://bitcointalk.org/index.php?topic=583449.0;topicseen





1095. Post 6833339 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: ShroomsKit on May 20, 2014, 12:12:09 PM
OMG there is a wall to observe 1400 btc on stamp... Grin

Yeah good to know there is always someone trying to stop us from going up.

I do believe he's referring to a buy wall  Wink



1096. Post 6835135 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: gizmoh on May 20, 2014, 01:49:09 PM
A few big early morning pumps and following that back to anaemic volume, no cause for celebration

LTC hasn't followed much, which is a cause for concern as it usually follows btc at greater percentage! Sad

Look how many alt coins there are now and look at some of the gains that they are experiencing. Why would you invest in LTC that has stayed in a 0.015 range since March? Especially when its only selling point is speed.



1097. Post 6835409 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

[INSERT TRAIN PIC]

Seems the bears really are running out of coins.

Can someone post a good chart of the long and mid term trend lines, preferably in log (yes IM being lazy but I know some people have them to hand Smiley )



1098. Post 6835436 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: Biro Bob on May 20, 2014, 02:29:59 PM
I like a rally as much as the next guy - but I would prefer slow and steady growth over a sustained period.

....However. There's nothing wrong with a rally every day over a sustained period!

That also works for me.


How much slow and steady do you need? Have you been looking at the markets for the last few months?



1099. Post 6836503 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

I love watching the demographic during rallies and crashes, its hilarious.

There are certain people that you can guarantee will be offering all their knowledge of how they knew it was going up/down while it goes in the direction of their book but are nowhere to be seen when its going the other. Probably too busy trying to hit the close short button with their bear paws Cheesy



1100. Post 6836531 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: Mervyn_Pumpkinhead on May 20, 2014, 03:26:28 PM
some big seller probably triggered a panic buy, so he could dump with a better price


quoted for the lulz. C'mon at least come up with something better than that.



1101. Post 6836635 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Looking at the Bitfinex charts shorts have only gone down by 100BTC or so. Theres still a lot of squeezing left in this.



1102. Post 6836653 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: Dalmar on May 20, 2014, 03:33:06 PM
Huobi has yet to break the March-April tops log triangle (currently about 2900 CNY).



Its also currently offline Wink

"fire fire too fast currency network, server, this time a total cramps
Bitcoin you play harder than me, you can not stare 24 hours since I last single ah can not
worry if you are still welcome to abuse my QQ Service
if What do you think can help, we are hiring PHP engineer"



1103. Post 6836782 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

mmmm Sexy 4 hour candles. More of the same please.







1104. Post 6837056 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: thezerg on May 20, 2014, 03:49:03 PM
Looking at the Bitfinex charts shorts have only gone down by 100BTC or so. Theres still a lot of squeezing left in this.

Judging by my sampling there was a large turnover even if the total did not change much.

Yep hence the lots of squeezing left, newer shorts are more likely to have stop losses triggered particularly as it would be wise to have stop losses set close to your opening price in a market like this.



1105. Post 6838929 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Yes be wary of LTC, it hasnt got much going for it anymore and one of the pools has also been flickering around 50% has rate for a few days as well.

I think thats one of the reasons people are being timid as normally it follows bitcoins rallies.



1106. Post 6839102 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: Cassius on May 20, 2014, 05:36:39 PM
Yes be wary of LTC, it hasnt got much going for it anymore and one of the pools has also been flickering around 50% has rate for a few days as well.


Can you explain?
Never really saw the point in LTC, but what's different now?

Well, besides from the sheer number of alts some of the new ones (drk,monero etc) have got real world useful features. LTC apart from its second mover advantage only has faster block times which is now included in a huge amounts of alts.

Whats the advantage of LTC over an alt thats faster and anon?



1107. Post 6839874 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: trc on May 20, 2014, 05:51:03 PM
Yes be wary of LTC, it hasnt got much going for it anymore and one of the pools has also been flickering around 50% has rate for a few days as well.


Can you explain?
Never really saw the point in LTC, but what's different now?

Well, besides from the sheer number of alts some of the new ones (drk,monero etc) have got real world useful features. LTC apart from its second mover advantage only has faster block times which is now included in a huge amounts of alts.

Whats the advantage of LTC over an alt thats faster and anon?

None! Dark's anonymity feature is getting better with updates too.


Almost. Dark coin is attempting to copy ring signature that is used by monero (my new favourite alt). Will be interesting if they can do it as it's not a copy paste integration.



1108. Post 6843475 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: windjc on May 20, 2014, 09:59:10 PM


So you bet on the wrong side of the breakout. And now you are stuck in shorts, because you smoked too much weed, fell asleep, and when you woke up the market went up $40?

Ok. Sucks for you man. Just cover now before the next wave up and smoke some more good stuff to ease the pain. Because right now you are just embarrasing yourself.

Where abouts did you cover?

Is it long time or is it wise to wait it out?

Even bigger question, when do we call $340 the bottom ?



1109. Post 6844404 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Wonder if there will be a significant amount of fiat heading the exchanges way tomorrow... My guess would be a fair bit will be sent at least in preparation. 



1110. Post 6845505 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: derpinheimer on May 21, 2014, 01:19:31 AM
COME ON BSTAMP! BREAK $500.. CHINA WANTS CONFIRMATIONNNN

Its happening, all in good time.  Wink

Lets see if we get some juicy buy walls with some fresh fiat.



1111. Post 6850150 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

New Gox announcement,  http://www.mtgox.com/img/pdf/20140521_announce.pdf

Nothing new really but saving gox is looking less and less likely.

Its going to be a long time, as expected, for anyone to see anything back as claims are to be filed by 28th of November and claims investigations to start on 25th Feb 2015



1112. Post 6852311 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: GreekGeek on May 21, 2014, 10:48:46 AM
Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

I apply this simple rule

how sure you feel this is the reversal/bottom/CCMF-begining ?

if you feel X% sure
then turn X% of your available fiat to bitcoins

for me X=25% now




This is good advice for someone who likes to take more balances positions than pretty much all in or all out.

Problem is if your a real bull or bear you would be buying/selling 90% of your fiat/BTC on most trades Cheesy



1113. Post 6852363 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: meanig on May 21, 2014, 11:08:07 AM
Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

Don't worry, we're definitely heading back down to the low 300s. Teratheterrible and Mattheshat said so and they wouldn't lie  Cheesy

Confirmed, Having spoken with the CEO of Huobi and also the EU I have some interesting insider tips. Huobi will be closing after loosing ~600k BTC and the EU will also ban bitcoin every couple of days for 4 months. Sub $300 is possible Wink



1114. Post 6856793 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: cAPSLOCK on May 21, 2014, 04:02:38 PM
Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

Don't worry, we're definitely heading back down to the low 300s. Teratheterrible and Mattheshat said so and they wouldn't lie  Cheesy

Confirmed, Having spoken with the CEO of Huobi and also the EU I have some interesting insider tips. Huobi will be closing after loosing ~600k BTC and the EU will also ban bitcoin every couple of days for 4 months. Sub $300 is possible Wink

So wait... you talked to the CEO of the EU?  Or you spoke with the EU itself?

The EU itself, I have it on good authority that it wants to protect the interest of the Euro and also the poor people of the EU who cant make and be responsible for their own investment decisions. Wink



1115. Post 6863557 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.45h):

Quote from: John999 on May 21, 2014, 10:41:16 PM
Anybody knows anxbtc exchange? They seem to have popped from nowhere and are now number 2 for volume.

http://bitcoinity.org/markets/list?currency=ALL&span=24h

Never heard of it but its in Hong Kong and lists in pounds for me, does it detect your local currency ?



1116. Post 6868908 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

I'd be getting very nervous if I wasn't on this train already  Grin

1 week MACD moving the right way, gonna be fireworks when that crosses over.



1117. Post 6870223 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

One thing that times like this always make me think about is how much more painful it is to be holding fiat when going up than holding bitcoin while going down.

 Not making that mistake again so jumped on the train $100 ago and Im glad I did!



1118. Post 6870464 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Fair amount of resistance up from here and around $800k gone from the bid side, will be intersting to see if there's any movement with new deposits as this rally happened on any money that was in yesterday.




1119. Post 6871242 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: kehtolo on May 22, 2014, 10:14:54 AM
Does this look like a Head and Shoulders forming to anyone else? and does this mean the downtrend is in reversal.. does this imply up from here??



Interested to hear other views.. To me, following the breakout, and going north of 500, this is yet another confirmation of a reversal.
All bullish signals.

EDIT: I'm not expecting rally speed up.. but a nice drift gradually upwards would be nice for now.. interspersed with a few legs up here and there as more take the plunge or get fiat to exchanges.

Yes but on a 5 minute chart I wouldn't call it a real "signal" that a true reversal is in, especially after a 6 month downtrend.

Show me a head and shoulders on the 12h and we're talking Wink 



1120. Post 6871350 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

No lol, that looks nothing like a head and shoulders just a $90 rally!

It would look just like your bitcoinity chart but on a 12 hour scale.



1121. Post 6871410 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: John999 on May 22, 2014, 10:41:36 AM
Does this look like a Head and Shoulders forming to anyone else? and does this mean the downtrend is in reversal.. does this imply up from here??



Interested to hear other views.. To me, following the breakout, and going north of 500, this is yet another confirmation of a reversal.
All bullish signals.

EDIT: I'm not expecting rally speed up.. but a nice drift gradually upwards would be nice for now.. interspersed with a few legs up here and there as more take the plunge or get fiat to exchanges.

Don't really understand what you are trying to say. head and shoulders patterns are bearish.

No they're not, they're either. A sign of reversal as it were.

http://en.wikipedia.org/wiki/Head_and_shoulders_%28chart_pattern%29

"Head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend"



1122. Post 6871566 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: John999 on May 22, 2014, 10:45:12 AM

It is called an inverse head and shoulders. And it is not what is shown.

meh semantics.

You said head and shoulders were bearish but they're not they're either the fact that they can be split into head and shoulder top and head and shoulders bottom doesn't qualify the statement of "head and shoulders are bearish"

But I agree thats not whats shown.




1123. Post 6871751 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: hd060053 on May 22, 2014, 11:05:44 AM
somebody removed 800 from the sell side at 528 and market sold it.

Cheers for spotting that, such a weird dump out of nowhere  Huh

Have you seen that wall moving around or has it just been there and someone got impatient?



1124. Post 6871933 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: Miz4r on May 22, 2014, 11:16:57 AM
somebody removed 800 from the sell side at 528 and market sold it.

Cheers for spotting that, such a weird dump out of nowhere  Huh

Have you seen that wall moving around or has it just been there and someone got impatient?

Could also be arbitrage between Bitstamp and Huobi/BTC-e? Stamp is kinda running ahead of the pack right now.

Yes its a possibility, especially if it was a sell wall for a while, could have bought at either of those sent it there and then dumped down to break even price after worrying the price was going to continue to drop.



1125. Post 6873246 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: JorgeStolfi on May 22, 2014, 12:09:57 PM


Reminds me of the Mar/03 jump, for which I still know of no explanation.  That one apparently started with a couple of large buys on bitstamp.


Because Bitcoin. Get used to it, your going to spend a lot of time scratching your head if your trying to find micro reasons for price jumps. Especially when you don't seem to have, even after several months, a true understanding of what makes it valuable to others who don't share your views.



1126. Post 6874089 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: JorgeStolfi on May 22, 2014, 01:01:15 PM
Get used to it, your going to spend a lot of time scratching your head if your trying to find micro reasons for price jumps. Especially when you don't seem to have, even after several months, a true understanding of what makes it valuable to others who don't share your views.

Most of the large moves in the past year had very obvious and plausible explanations.  The closing of SilkRoad, the opening of the Chinese market, the Chinese decrees and workarounds, the MtGOX "bug" announement, the Caixin leak and the workarounds, etc.. 
Please tell me how it was obvious the price would almost half and then bounce straight back after silk road got shut down?

Hindsight is a wonderful thing.
Quote from: JorgeStolfi on May 22, 2014, 01:01:15 PM
Scratching the head not only seems to work, but I can't see how one could expect to predict price moves and trends without trying to predict such external causes (which unfortunately are largely unpredictable).

Again get used to it because you will be doing a lot of head scratching, this is Bitcoin, many before you have tried (and failed) to predict and make moves on every "event".

Quote from: JorgeStolfi on May 22, 2014, 01:01:15 PM
It is obvious that the true believers have run out of money, for otherwise they would buy every bitcoin in sight, at any price.  Those traders offering bitcoins for sale at 550$, or buying only at 450$, obviously do not believe that it will be worth 2000$ by the end of the year, or 1'000'000$ in ten years.  They are implicitly assuming much less than one chance in 2000 of the latter happening.

Jeez, well aparantley nobody who beleive's in Bitcoin has any money left because they've all gone all in already, despite a 6 month bear market /s



1127. Post 6876479 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: donut on May 22, 2014, 03:10:48 PM
Since the last rally was due to the opening of the Chinese market


Well, I disagree with the premise.

So do most people with an iota of common sense. Jorges argument is  that it was the reason for the last rally due to the price dropping after the pboc news. He ignores the fact that surely it should have dropped to the same levels if that was the sole reason. He ignores the fact that Bitcoin was traded in China way before Nov 13. He ignores the amount of infrastructure, adoption and business being built because he cannot fathom that something can happen that he doesn't understand. He ignores that the Chinese doesn't or didn't own 90% despite touting it around as fact. He ignores the fact that the Chinese exchanges had 0% fees which explain the much higher volume, he ignores you could trade 100BTC volume in a day even with one coin. He also says that we need to keep getting bigger and bigger markets. Its just not true, the whole worlds the market and it just so happened that a small section of that market tried to put the brakes on.



1128. Post 6876808 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: jl2012 on May 22, 2014, 04:07:19 PM


All events are confounded

The early 2013 rally followed block reward halve and the release the AVALON, the first ASIC

The late 2013 rally started 10 days after the death of SilkRoad

So I could say both rallies were triggered by improvement in fundamentals, not speculation

+1

Stop talking sense though, the fundamentals of Bitcoin and why people have, want and use it is clearly too much to grasp.



1129. Post 6880291 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: JorgeStolfi on May 22, 2014, 06:06:08 PM
the amount of infrastructure, adoption and business being built
Right, it must be all that infrastructure and adoption that has caused the price to drop from 800$ to 450$ over the last 3 months.  Wink

Let's see what effect that will have on price when (if?) China drops out of the picture.  At present I cannot see any, there is that elephant blocking the view.  

There were also many negative developments in the West since November, to counter those positive ones.  Such as the IRS interpretation, the continuing arrests from the SilkRoad case, the MtGOX heist and the dozens of other similar "accidents", the Neo&Bee fiasco, the Fortress embarassment, the bank account closures in Australia and the US, ...
You answered your own first point with your last. Those few businesses do not take away from the countless others in regard to is infrastructure being built.
Quote from: JorgeStolfi on May 22, 2014, 06:06:08 PM
the Chinese doesn't or didn't own 90%

I never claimed that.  Surely the price went up in Oct-Nov because the Chinese traders bought a lot of the coins that were in the Western market.  How many, I have no idea; but it must have been a large fraction, in order to lift the price from ~120$ to ~1200$.  It could have been 90% of the coins, why not?  In any case, if price went up from 120$ when they came buying into the market, we can expect it to go down to 120$ if (when?) they cash out and leave the market.

Also Leon Li claimed to have 10'000 active clients; discounting the hype factor, it seems reasonable to guess 10'000 active traders for all the Chinese exchanges combined.  How many coins does the average trader own?  How many traders are active in the Western exchanges, and how many coins do they own?

Do you have any estimate of those numbers?
keep dreaming of $120 but absent am actual flaw with the protocol just not gonna happen. Why do you ignore all the non-chinese who are in btc since when you believe China entered the market in these assumptions? You are assuming that if the whole Chinese market leaves (which it won't) we will be back to the same number of people holding the same number of coins.

Add into that the traders who happily trade on both exchanges and your 10,000 figure for just Chinese shrinks somewhat.

A guesstimate at best obviously but more than 10,000 traders for sure. Gox had a million accounts, can't you glean something from that!


Quote from: JorgeStolfi on May 22, 2014, 06:06:08 PM
[ Not true ] that we need to keep getting bigger and bigger markets. [...] the whole worlds the market and it just so happened that a small section of that market tried to put the brakes on.
If you prefer to put it that way:  Bitcoin was confined to a tiny section of the market; with China it got another small section,  now it may lose that and go back to the tiny section it had before.  To get a new and 10x bigger rally it needs to find another small section, that is 10 times less small than the Chinese one was.

It is bizarre to see those "experienced bitcoin traders" scoffing at me when they cannot even tell whether the current buying sprees are coming from China or from the West.   Angry

Um, no what happens if that section invests more fiat? It may be the same size but guess which way the price goes.

Nobody can tell for sure where the buying sprees are coming from that's why, you'd be a fool to suggest you could for sure for a start. Also unless coins are transferred from the west to China or vice versa the buying sprees in % holdings per markets doesn't change regardless of price.

Edited for formatting.

 



1130. Post 6881134 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: Benjig on May 22, 2014, 08:20:09 PM
(1/2) I have some interesting charts for you guys: imgur.com/a/J2NZD

Both are the same. All are super powerful trendlines.

(2/2) Remember, crowd psych and manipulation will make you believe the trends are over. They aren't, until fully confirmed (closed candles)

Ultimately, I think these trendlines are of supreme importance, and it is difficult to know which are superior (the linear or log). However simply remembering it takes a long time and much capital to exit them, is your greatest fall back.

Correct me if I'm wrong but arent those charts old? They look 2-3 weeks old to me?



1131. Post 6881221 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: wachtwoord on May 22, 2014, 08:24:45 PM
(1/2) I have some interesting charts for you guys: imgur.com/a/J2NZD

Both are the same. All are super powerful trendlines.

(2/2) Remember, crowd psych and manipulation will make you believe the trends are over. They aren't, until fully confirmed (closed candles)

Ultimately, I think these trendlines are of supreme importance, and it is difficult to know which are superior (the linear or log). However simply remembering it takes a long time and much capital to exit them, is your greatest fall back.

Correct me if I'm wrong but arent those charts old? They look 2-3 weeks old to me?

They are.

Thats one of the worst bear fails I've seen around here  Grin



1132. Post 6883680 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Wow, can hardly believe the ripple news, why do people still think centralized and heavily owned currencies are the way forward?



1133. Post 6883693 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: adamstgBit on May 22, 2014, 11:27:50 PM
did everyone pop there pop corn?

get that popcorn ready!

Yes, awaiting $530+ with bated breath.



1134. Post 6883778 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: alani123 on May 22, 2014, 11:31:54 PM
Wow, can hardly believe the ripple news, why do people still think centralized and heavily owned currencies are the way forward?

Ripple is something new. It offers unique features and in comblination with bitcoin can be a really powerfull currency system. It's a really advanced platform and could have a great future.

I don't like systems based in centralisation as well but ripple takes it much further than most "centralized and heavily owned currencies" as you mention do.

How can something have a great future when its majority owned by so few people. Look at the drop in price this has caused and he hasn't even started selling yet. I'm failing to see what unique features over ride that glaring negative point.



1135. Post 6883989 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: magicmexican on May 22, 2014, 11:44:01 PM
dogecoin pumps :-D



Obviously a glitch ...



1136. Post 6884327 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Weeeeeeeee

that was easy, next. Gonna sleep well tonight.

More fiat incoming tomorrow I would imagine.



1137. Post 6890839 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: studio1one on May 23, 2014, 09:41:28 AM
Am I paranoid or are we starting to form a rising wedge?



I think your being a little paranoid but its good to keep an eye on it.

I fully expect to see some gains when peoples fiat arrives for the day. If we can hold this throught the weekend monday could be fireworks.



1138. Post 6891198 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: studio1one on May 23, 2014, 10:04:04 AM
Meanwhile.. i think there is a cup and handle forming.. Meaning a rise to  ~$540 ... then slight fall back to around $535 or so.. before going up to about $555-$560 by around 10 am EST.

If you've notice i have a lot of ~ and made liberal use of the word 'around' that's because i'm only speculating.
Let's see how it plays out though.


https://bitcointalk.org/index.php?topic=178336.msg6889281#msg6889281


ahthangyou

It is a nice pattern forming, I would have thought though you would see a drop of more than $5 to complete a real handle. If the pattern does complete I'd expect a drop closer to the $505 area personally.



1139. Post 6891402 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: kehtolo on May 23, 2014, 10:19:59 AM


You're right.. it should drop more, i expect around $10 dollars in this case.. but not so much as $35 drop.
I'm basing this of my observation of yesterdays pattern. Which of course doesn't mean today's will be the same.. this cup has deeper 'sides'.. so.

Yeah I agree $35 may be a bit much, will be a text book example if it completes nicely though. I can see us powering straight throught the target anyway tbh, always good to spot patterns and make predictions but Im not going to break my rule of not shorting into rallies it hurts too bad when you get it wrong and requires too much emotional stress if it runs away from you. After the stresses of the last few months its  nice to just watch the rollercoaster for a bit!



1140. Post 6891515 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: Hunyadi on May 23, 2014, 10:25:28 AM
For facebook:

Roger Ver
30 minutes ago near Swiss Cottage Estate, Singapore
I need to contact Patrick Khajehtoorian right now!!! If anyone has his contact info or know where he lives. Please wake him up right now!!!!! Please have him call me ASAP!!! He has my number
Like ·  · Share
Kiyokazu Yamamoto likes this.

Eddie Darosa At 3am? You alright?
28 minutes ago · Like · 1

Rob Rash Probably some btc news. Sure he's fine
16 minutes ago · Like

Roger Ver I'm not fine! 10 point emergency!
16 minutes ago · Like

Roger Ver All my stuff is getting hacked! I need Patrick ASAP!
16 minutes ago · Like

What! Please don't tell me he's as competent as Mark and has his fortune on localbitcoins or something!  Wink



1141. Post 6891554 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: simmo77 on May 23, 2014, 10:39:44 AM
For facebook:

Roger Ver
30 minutes ago near Swiss Cottage Estate, Singapore
I need to contact Patrick Khajehtoorian right now!!! If anyone has his contact info or know where he lives. Please wake him up right now!!!!! Please have him call me ASAP!!! He has my number
Like ·  · Share
Kiyokazu Yamamoto likes this.

Eddie Darosa At 3am? You alright?
28 minutes ago · Like · 1

Rob Rash Probably some btc news. Sure he's fine
16 minutes ago · Like

Roger Ver I'm not fine! 10 point emergency!
16 minutes ago · Like

Roger Ver All my stuff is getting hacked! I need Patrick ASAP!
16 minutes ago · Like

Wow, if FB is the best way to get a hold of someone you need in that situation you know you're fucked.

I think in an emergency you try the best way first, then every other way in order of best to worst Smiley

He's just offered a nice reward for anyone who can help him identify the source of the hack. Check his twitter.

Wonder where that figure comes from. Seems odd.



1142. Post 6891661 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: simmo77 on May 23, 2014, 10:45:08 AM

Was ~20K USD according to Stamp when he tweeted

Makes sense cheers, wonder what they're trying to hack / have hacked.

 Always good to be reminded about security. Particuarly as many probably still have fiat / BTC on exchanges right now. I recently pulled half of what I had off and thats going in cold storage until $2-3k or a definate money making window!



1143. Post 6892803 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: magicmexican on May 23, 2014, 12:07:05 PM
I am still holding my ripples, i think huge pump is just around the corner..

It needs more than just a pump, much much more, ... like 17 million volts in the neck of that Frankenstein's corpse.


I think the whole thing was a bear trap


Yeah this is the bear trap before the perma bear trap when he actually starts selling.



1144. Post 6893102 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: magicmexican on May 23, 2014, 12:25:10 PM


Could be sell on rumors - buy on news kind of deal.

Maybe but who in their right mind;

a) buys a centralized and heavily minority owned currency.

b) buys it after a co-founder bails and doesn't seem to want to make a deal with the rest of the company to buy him out.

c) thinks that with 9 billion extra supply suddenly, plus the extra supply from people who no longer want anything to do with it, will cause the price to rise  Huh



1145. Post 6893301 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: YogoH on May 23, 2014, 12:41:28 PM


Maybe they want to price to tank, ,so they can accumulate more ripple. Maybe they have made some big deals with a few banks and need to get the supply back completely in their hands.

Again, maybe.

Seems a retarded thing to do though.

Still a premined scam and people should have thought twice before investing in it. Not taking the piss out of them but just why is beyond me. XRP is still traded like any other crypto and you dont have to look very far to see the corpses of other dead cryptos. The network will obviously survive but holding XRP seems a silly move. Who knows maybe it wont be, just my 0.02BTC



1146. Post 6893584 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

A nice bounce of $548 and a small



trap to around $520 to finish the cup and handle would be epic.



1147. Post 6893761 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: YogoH on May 23, 2014, 01:11:19 PM


Maybe they want to price to tank, ,so they can accumulate more ripple. Maybe they have made some big deals with a few banks and need to get the supply back completely in their hands.

Again, maybe.

Seems a retarded thing to do though.

Still a premined scam and people should have thought twice before investing in it. Not taking the piss out of them but just why is beyond me. XRP is still traded like any other crypto and you dont have to look very far to see the corpses of other dead cryptos. The network will obviously survive but holding XRP seems a silly move. Who knows maybe it wont be, just my 0.02BTC

Premined doesn't automatically mean scam though. Ripple has a different vision and idea, and I could see it being used between banks just because of the corporate background. It is an interesting project. I would never buy it, but I actually own about 5k xrp (which is nothing) from running BOINIC on a spare computer.

I accept that the idea is different hence the network will survive and I accept that premine != scam.

However in this instance I'd feel pretty scammed as when buying into this knowing that a holder has such a high % I'd expect him to not devalue my holdings and in fact if he wanted out, to make a deal. Its been said by ripple employees that they would have attempted to buy him out. It makes no sense because even if they offered him 70% below market its a shit load more than he would get announcing his intentions then dumping onto the open market.



1148. Post 6894502 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: JorgeStolfi on May 23, 2014, 01:33:20 PM
Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?


For an educated man, you say some retarded things. I said to you yesterday get used to scratching your head, many before you have tried and failed to do the sort of analysis your doing. It just doesn't work like that, I dont see why you just ignore the people who know this market infinately better than you. Im not saying all the perma bulls but there are people around here that you have conversed with who aren't perma bulls and have attempting to explain many things to you. Instead of heeding their advice and points you just produce this waffle.



1149. Post 6894882 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: magicmexican on May 23, 2014, 02:11:48 PM
Dump is coming - good time to sell btc and buy some ripples.

Why buy when you can just premine? Oh wait, I'm not a scammy scammer. Foiled again.

Well seems like ppl dont care much about coin being premined at all, just look DRK

I thought the dark premine due to that bug was sorted out pretty fairly, I can't rember the details though, hand on I'll find it.



1150. Post 6894973 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: JorgeStolfi on May 23, 2014, 02:12:53 PM
I dont see why you just ignore the people who know this market infinately better than you.
Infinaty times zero is still zero.  Wink


So your saying you know zero about this market, well at least we've got it in writing guys.



1151. Post 6895373 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: fonzie on May 23, 2014, 02:32:20 PM


Suckers rallye led by a chinese exchange  - Check
No one really knows how they handle their business - Check
Bank withdrawls disabled - Check
Price manipulation (probably non existent trades)   -Check
Assurance that smart "honest" exchanges will follow every move, ignoring all facts - Check
Exchange assures everyone that everything will be OK - Check
Exchange goes down, takes all the money with them, dissapears in fog - Soon
Price crashes by 50% - Soon
Everyone screams, "Oh how should we have known, there were absolutely no signs that this could happen" - Soon

When will Huobicoinbuilder.com be launched, thatīs normally one of the last steps in this (profitable) procedure?

 Smiley


I love you Fonz!

A real troll doing some real trolling, you should hand out some lessons to the others in the art, you could make enough to short the fook out of BTC



1152. Post 6896101 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

It is a true fact though that the total BTC swaps is lower than its been since feb and also the total longs is pretty much at its highest since Feb, take from it what you will but it's fairly easy to argue a bearish postion from those facts.



1153. Post 6898423 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: serpicodk on May 23, 2014, 04:56:38 PM
Is this true?

http://www.reddit.com/r/Bitcoin/comments/26apno/bitstamp_will_not_process_withdrawal_unless_you/

Not surprised, Stamp has been going downhill for a while, the first gox like signs are showing. I personally have taken all fund off stamp a few weeks ago after the fee thing and these intrusive reports started emerging.

"Sign a personal Bitcoin address, prove the source of every coin". Uh, no thanks. Not because its dodgy but because that would be pretty fucking immpossible.



1154. Post 6898441 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: _javi_ on May 23, 2014, 05:25:23 PM


dogecoin

That image will be used for generations to teach what a pump and dump looks like...

Why wouldn't you start your own scamcoin? It's the ultimate 'get rich quick' if it succeeds for the short time needed.



That image will be used for generations to teach what a GLITCH on a webpage looks like...

Yeah. Tbh it was just as shitty when you posted it yesterday, I don't get why you want to post obvious glitches from a crappy alt in this thread.



1155. Post 6898576 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: akujin on May 23, 2014, 05:29:36 PM

Not surprised, Stamp has been going downhill for a while, the first gox like signs are showing. I personally have taken all fund off stamp a few weeks ago after the fee thing and these intrusive reports started emerging.

"Sign a personal Bitcoin address, prove the source of every coin". Uh, no thanks. Not because its dodgy but because that would be pretty fucking immpossible.
What if it came from another exchange? Could you sign it?


Of course not, you don't control the address.

Its worth noting as well that although they 'proved' solvency in February the 'audit' was from November. Pretty big difference eh. Not saying anything definite but the first warning signs are there.



1156. Post 6898760 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: magicmexican on May 23, 2014, 05:43:18 PM
Are stamp problems are related only to $ withdrawal requests?

It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.



1157. Post 6898909 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: podyx on May 23, 2014, 05:49:35 PM
Are stamp problems are related only to $ withdrawal requests?

It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.

Can anyone confirm? And how much money must it be for these kind of problems to show up?

Read around there has been a few stories of these new requirements going around. Thats the main issue, there is no advertised threshold that you bump up against these problems. The guy was trying to draw max $4000, thats pocket change! The other explanation is its worked out on trade volume but how fucking retarded. I could trade the same 10 coins 1000 times or do one 10k trade, which one should raise the most flags?



1158. Post 6899062 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: gotmilk_ on May 23, 2014, 05:54:46 PM
Are stamp problems are related only to $ withdrawal requests?

It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.

Can anyone confirm? And how much money must it be for these kind of problems to show up?

Their topic is in Marketplace forum...ask them Wink since there is no reports yet I think this is not true.

There has been plenty of people recently who have posted on Reddit recently with the same story (sorry cba to find them all) so the question of "are they asking for over the top information" is true.

In fact go check out their thread in the marketplace I'm sure there was someone in there who had to prove where he got the money from which included sending bank statements showing deposits. Sorry but if Im verified you can't tell me then that Im not verified enough.



1159. Post 6899391 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: oda.krell on May 23, 2014, 06:15:37 PM

There are no "withdrawal problems" on Bitstamp. Not fiat, not Bitcoin. Not a single documented case. Head over to the services subforum and find the relevant thread and check for yourself.

There are rather intrusive questions asked when you withdraw larger sums, either fiat or Bitcoin. After those questions are answered, the withdrawals go through immediately. Anyone disagreeing on this, please, by all means, report in.

So let's keep things separate: Withdrawal problems are one thing. At the first sign, I'd like to know about them. The other thing is an exchange that tries to cover its ass when the inevitable subpoenas come in related to money laundering, Silk Road, etc. Bitstamp is rather nosy in that respect, but I prefer that to be honest over them being closed down if they can't answer to those subpoenas properly.

That's the deal: you want anonymity? Mine, or buy on btc-e. You want liquidity, and low counterparty risk? Bitstamp.

I guess that falls under what you define a problem as.

Can't withdraw fiat even though you're verified without asking intrusive questions above and beyond what a company could possibly need to know for KYC/AML, add on the fact that many people can't sign their most used deposit address then I'd call it a problem.
Insolvency is a different question but when you want your money that they were happy for you to deposit in the first place without asking where it came from then, to me, thats a pretty big problem.

Its not about anonymity, I don't want/need to remain anonymous its about personal questions that are far more intrusive than is necessary, covering their ass or not doesn't really change that.



1160. Post 6899690 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: oda.krell on May 23, 2014, 06:27:02 PM


No, see, you're lawyering now. Not even that, you're twisting words.

We all know what "withdrawal problems" mean in the context of Bitcoin exchanges: the inability to serve withdrawal requests of customers.

And that's exactly what is not going on over at Bitstamp. What is going on is that, at some point during the past year, (a) they decided they want to establish a more intrusive KYC procedure for large withdrawals, and (b) that they don't want to make a big public announcement about it.

I support their right to do (a), but would have preferred if they would have avoided doing it rather backhandedly, i.e. I don't support (b). But by now everyone who follows the Bitstamp thread knows about it, so it's, if you want to call it, an open secret: if you want to deal in large(ish) sums on Bitstamp, prepare for the additional KYC questionnaire.

Sorry but I'm not twisting words, you can't change the definition of a problem. We obviously disagree so its pointless debating semantics. I think its clear that a withdrawal problem is anything that makes withdrawing either currency problematic, which this does.

I too, support their right to do (a) but think that when you do (a) without (b) be prepared for a backlash from customers who either;

1) Are just generally pretty pissed of with (b)
2) Physically cannot sign their most used address.
3) Wouldn't be prepared to offer that information (which is a personal choice) but didn't have the chance to not use the exchange due to (b) and now their fiat is effectively hostage.
4) Think that a lot of the questions in (a) are far too intrusive. Which I think they are no other financial institution in the same category asks those sorts of questions.  Even my bank doesn't know some of the information they are asking for.
 

If its the law to be this intrusive (which its not) then cite it in the request and I will follow it. Until then they are just another exchange that is all too happy to hold your assets hostage.



1161. Post 6899838 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: uhoh on May 23, 2014, 06:41:43 PM


No one is being forced to use Bitstamp, if you find their requests too searching then use someone else. Bitstamp don't care because although they'll be plenty of innocent users put out by these questions, they will undoubtedly reduce the criminal elements.

Nobodies saying that your being forced to use them in the first place but if these stringent requests aren't advertised or even written anywhere and you sell funds there then you are forced to either;

1) Answer the questions
2)Buy back coins, pay them more fees for doing so and possibly loosing out due to a change in price.



1162. Post 6900216 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: oda.krell on May 23, 2014, 07:02:31 PM

Agreed to some of your points.

1) Yes. Absolutely. You have every right to be pissed off, to stop using them, and even publically say so. What I would prefer however you do is to not use ambiguous wording, that insinuate we have another gox situation at hand here. By all available evidence, that is /not/ the case. Agreed?

2) Complete agreement. But did you actually go through the procedure? I got the impression that, if in doubt, they let it slide (and accept the answer "I have provided all that I reasonably can on this point, but cannot provide any further proof".) That was my experience, but if someone actually has a withdrawal rejected because he couldn't sign from a Bitcoin source that doesn't allow signing -- well, I'd like to hear about that, I would also consider that extremely problematic.

3) see 2) above. My impression is they don't hold anything hostage. They probe quite a bit, but in the end, if you play along more or less, they accept your answers.

4) See my reply to Blitz: they are intrusive because they're scared senseless of having their little money printing machine they got going closed down one day to another because some overeager British or German or US court subpoenas them, and when they can't answer in style, the full wrath of AML procedures are invoked on them.

1) Agreed. Although I will say with all available evidence you couldn't have said Gox was going to be bankrupt within a year not so long ago, I'm not saying its another Gox (normal knee jerk reaction, should definitely tone down that rhetoric), but you get my drift.

2) No, I refused to go through the process for the reasons mentioned before. Provide me with adequate warning and I may. Cite the law and I will. Don't ask such obviously unnecessary questions (they are, as said no other broker asks these questions and my bank doesn't know half the things they were asking) and I will.

3) They do hold it hostage though! Unless you play along with them, thats the point. Are we supposed to bend the truth just to play along and then get burnt later down the line?

4) Thats cool and rightly so they should be worried its a high risk businesses to be in but the rewards are plentiful, kinda like Bitcoin in the first place. Within your reply to Blitz though you missed the whole issue, Kraken asks those things, nobody has a problem providing those things. Hell I've provided them to several exchanges. I don't have a problem with KYC or AML but I have a huge problem with how personal and intrusive the questions are.

Sorry, no third party is being trusted with that sort of information until they can provide me with with clear terms. The threshold, why, which law etc etc. These aren't the sort of things you can sneak in and be like "well to be fair it was an open secret".  Don't make out like your all about compliance, regulation  and covering your ass when you can't even put out some explanatory TOS.



1163. Post 6900289 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: oda.krell on May 23, 2014, 07:06:20 PM
Granted, looks like the "origin of your funds" question is absent, but other than that: get used to the fact that /all/ major exchanges, whether they are that mythical "legitimate" exchange you keep wishing for, or just our regular old existing exchanges, are covering their asses as hard as possible.

We knew that would happen at the fiat gates. Let's not act all surprised about it now.
The whole questionnaire I am talking about is absent, this is no different from passport + utility bill which Bitstamp already demands and has you believe you are verified (hell, it says so on your profile), until you withdraw.

There's no way around KYC rules, but Bitstamp has taken it further than anywhere I have ever seen.

Read again. Unfortunately I can't find the complete list for "tier 4" (to get their highest withdrawal limits applied) but it asks for all the regular ID and living address documents *plus* additional verification some of it notarized if I understand correctly.

There's one obvious difference I see: they're more upfront about it, which is good.

Tier 4 is for companies. So no, for a personal account just the normal KYC stuff is needed.



1164. Post 6900412 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: calmindifference on May 23, 2014, 07:27:49 PM
Regarding Bitstamp issues - there hasn't been widespread confirmation that this is happening, and the news materialising on a Friday afternoon (GMT) just before a bank holiday from a freshly created reddit accounts adds to the suspicions. If Bitstamp had reasonable grounds for concern why would they allow the BTC transfer but not the fiat? It could just be an isolated case or some fabricated FUD. Although unlike the traditional FUD this would boost the BTC price.

Please read above and in the Bitstamp thread you will see that it is confirmed. We're not saying Stamp has cause for concerns regarding solvency necessarily . What we are discussing is their in depth probing KYC/AML questions that are rather too personal and unnecessary to many people.



1165. Post 6900700 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: gentlemand on May 23, 2014, 07:49:22 PM
Regarding Bitstamp issues - there hasn't been widespread confirmation that this is happening, and the news materialising on a Friday afternoon (GMT) just before a bank holiday from a freshly created reddit accounts adds to the suspicions. If Bitstamp had reasonable grounds for concern why would they allow the BTC transfer but not the fiat? It could just be an isolated case or some fabricated FUD. Although unlike the traditional FUD this would boost the BTC price.

This has been going on for months and it's well documented. I dunno why it's getting feathers ruffled now. I'll be taking my business elsewhere.

Its not just getting feathers ruffled now in fairness, some of us have spoken about it several times before here and in the Stamp thread, it just so happens that its been brought up again. I reluctantly took my business elsewhere as well. Its a shame.



1166. Post 6901296 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: BitchicksHusband on May 23, 2014, 07:56:07 PM
Are stamp problems are related only to $ withdrawal requests?

It seems so. I haven't heard of anyone being asked ridiculous stuff like this withdrawing BTC but Stamp was my reliable exchange that even if I did some trades elsewhere Stamp was the fiat gateway.

Can anyone confirm? And how much money must it be for these kind of problems to show up?

Read around there has been a few stories of these new requirements going around. Thats the main issue, there is no advertised threshold that you bump up against these problems. The guy was trying to draw max $4000, thats pocket change! The other explanation is its worked out on trade volume but how fucking retarded. I could trade the same 10 coins 1000 times or do one 10k trade, which one should raise the most flags?

He said it was nearly 500 coins.  That makes it nearly a quarter million dollars.  I can see why they want docs for that.

No he said it was 500 coins over the history of the account. 50 trades of 10 coins (particularly if the account was a few years old meaning that some of the trades could be worth far less than $500/BTC) isn't a large amount at all.



1167. Post 6901380 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: rpietila on May 23, 2014, 08:33:10 PM


I withdrew a couple millions and did not need to prove anything, just answer their questions. Unless they recently changed rules, it is likely that the guy's activity had some reason for suspicion and therefore he got special treatment. (The checks are usually automatic, and give many false positives, which cause annoyance for people, of course.)

I think its clear that they have changed rules.

Also I don't think its the case now that your are just getting flagged on suspicious activity it seems to be more about a threshold.

I have also been asked this and there is nothing at all suspicious about my account.

This guy for example https://bitcointalk.org/index.php?topic=38711.msg6554157#msg6554157 was just trying to deposit $220 and had deposited $12k over a year and a few months.



1168. Post 6901452 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: podyx on May 23, 2014, 08:41:53 PM
Do I need to get my coins out of bitstamp for safety?

I think that is rash, theres no suggestion or evidence they are insolvent just being far far too intrusive to cover their backsides.



1169. Post 6901665 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: alexanderrrr on May 23, 2014, 08:51:21 PM
Do I need to get my coins out of bitstamp for safety?

For fuck's sake. This is nothing new.... It's a couple of teenagers that want so start riots against Bitstamp. It's completely legit. Why don't you Google "Bitstamp questionaire" or "bitcoin exchange questionaire" https://bitcointalk.org/index.php?topic=499882 etc

It's a standard procedure in order to maintain a good relationship with their bank. Otherwise, they will get kicked out.

I just wrote a couple of sentences and I passed the test. As long as you don't say "I am a terrorist" "It's all illegal money", then you are good to go.

DON'T BOTHER ABOUT BISTAMP, IT'S 100% LEGIT!!!

A couple of sentences don't cover it if your asked for proof of where the funds came from. As was the case with myself. But I agree with the its nothing new it just about how and what they are asking. We've seen huge data breaches at third party companies such as Adobe and Ebay and people are right to be wary of what sort of information these companies hold on themselves.



1170. Post 6901787 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: lemonte on May 23, 2014, 09:02:39 PM


Didn't they pass a solvency audit prior to the fall of Gox?

Yes and no. The audit was released in I think March or Feb but the actual audit was done in November. Besides you still have to trust the auditor. (Again Im not saying there are any solvency issues)



1171. Post 6901904 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: lemonte on May 23, 2014, 09:10:23 PM


Didn't they pass a solvency audit prior to the fall of Gox?

Yes and no. The audit was released in I think March or Feb but the actual audit was done in November. Besides you still have to trust the auditor. (Again Im not saying there are any solvency issues)

Wasn't it Andreas? Apologies, on phone with low battery so can't search to find the details.

What does who it was change to the fact you have to trust them?



1172. Post 6901959 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: alexanderrrr on May 23, 2014, 09:13:18 PM

Oh gosh how hard is it :p. Mining, donations, sold stuff online, investments, payment for freelance work. Yes, a few sentences covers it.
They don't even ask for proof of where the funds come from, they just ask where they origin from. Big difference.

Agree with that part til 100%. Bitstamp should give more information on what happens with the passport scans, replies to questionaires etc.

They do ask for proof, thats the point. See the Bitstamp marketplace thread for an example of someone who had to prove where he got the $220 he ws trying to deposit.



1173. Post 6902166 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: JorgeStolfi on May 23, 2014, 09:22:30 PM

Because Andreas also vouched for Neo & Bee...



Andreas disagrees with you.

"During that call I explained that I could only be involved as a technical advisor and that due to my limited time I could not endorse N&B with investors or take on a director position that would involve fiduciary or oversight responsibilities."

"I had no insight into finances, no oversight, no involvement in marketing or investor meetings, no contact with customers, investors or regulators. "

http://antonopoulos.com/2014/04/18/neo-bee-a-statement-by-andreas-m-antonopoulos-a-consultants-perspective/

In what sense did he vouch for them more than this is an interesting company that could be big and be a viable and valuable business? In what sense did he vouch for them more than any other employee who didn't know the particular finances?



1174. Post 6902401 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: alexanderrrr on May 23, 2014, 09:34:05 PM


Ehm.. Sorry. Find it very hard to believe. Especially the sum of $200 which doesn't make sense at all. I've been trading with around $100k the last year and passed the questionaire with very short answers. If they would ask for real proofs (screenshots, contracts, bitcoin addresses etc), it would be all over Bitcointalk, reddit.

Also, all "Bitstamp questionaire threads" I've seen have never included the word PROOF. Only Bitfinex. I am pretty sure the guy who posted that misread the whole questionaire..

Lol, why would they even bother to ask about proof for $200? Roll Eyes


Maybe its just starting to be on Bitcointalk and reddit because they've only just started doing it.

If it wasn't true don't you think Hazek would have rubbished it being as it was in his Bitstamp thread and he replied to someone else after the guy was saying they were asking for proof.

Well I know the guy so next time he's online perhaps he will agree to send me a screen shot to prove it and we can continue the discussion there.

The $200 is an arbitrary figure and it seems it's not the amount but a certain threshold.



1175. Post 6902584 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: alexanderrrr on May 23, 2014, 09:52:11 PM
[snip]

Jeeez. As in they've just started asking for proof.

I know they have started asking general KYC/AML questions I have also said upthread that general questions are fine and necessary. This whole conversation is about the proof part not the questionnaire.

I ask again then

If it wasn't true don't you think Hazek would have rubbished it being as it was in his Bitstamp thread and he replied to someone else after the guy was saying they were asking for proof.

There's no need to tell me to relax I'm fine thanks. Obviously $200 isn't a threshold itself that would be asinine. Clearly the $200 triggered some overall threshold.

Anyway your not going to prove your point by just saying they've been asking questions for ages. We know that.



1176. Post 6902629 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: Blitz­ on May 23, 2014, 10:00:35 PM
Are you saying OP faked the whole conversation from his thread, where they demand all sorts of crazy proof? http://www.reddit.com/r/Bitcoin/comments/26apno/bitstamp_will_not_process_withdrawal_unless_you/

If it was so, then it would be easy enough for Bitstamp to say he's a liar. I doubt he is.


Thankyou, some people just can't see whats in front of them. The reasons are unbeknown to me unless this guy has some sort of vested interest.



1177. Post 6902935 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: oda.krell on May 23, 2014, 10:23:06 PM
Oh gosh how hard is it :p. Mining, donations, sold stuff online, investments, payment for freelance work. Yes, a few sentences covers it.
They don't even ask for proof of where the funds come from, they just ask where they origin from. Big difference.

Agree with that part til 100%. Bitstamp should give more information on what happens with the passport scans, replies to questionaires etc.


Haha, sorry dude, just forget it. We won't be able to convince them... guess there are quite a few people in here that got burned badly on gox and are now a bit paranoid.

The difference is, the gox problems were completely obvious a long time before it all came crashing down, just look at the huge thread of delayed withdrawals MONTHS before they actually shut down. That is what an exchange in trouble looks like, not this wet fart of impotent rage about their KYC procedures...


 Sorry but most in here are not saying that they are insolvent. What they are saying is that the intrusiveness goes above and beyond reason and is sprung on you with out any guidelines or clarification, thats not impotent rage. People are allowed to feel how they like about that, both in terms of the requirements themselves and what happens to the data, and discuss it too.

And that quote is out of context of the conversation which was about being asked for proof. He was saying that they don't ask for proof despite evidence to the contrary including a user who posted after that.


Quote from: hdbuck on May 23, 2014, 10:10:15 PM
Are you saying OP faked the whole conversation from his thread, where they demand all sorts of crazy proof? http://www.reddit.com/r/Bitcoin/comments/26apno/bitstamp_will_not_process_withdrawal_unless_you/

If it was so, then it would be easy enough for Bitstamp to say he's a liar. I doubt he is.

i confirm i had the same kinda intrusion and felt quite raped by such questions. fuck fiat. im full BTC and outta stamp.



1178. Post 6903115 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: oda.krell on May 23, 2014, 10:33:31 PM
Sorry but most in here are not saying that they are insolvent. What they are saying is that the intrusiveness goes above and beyond reason and is sprung on you with out any guidelines or clarification, thats not impotent rage. People are allowed to feel how they like about that, both in terms of the requirements themselves and what happens to the data, and discuss it too.

And that quote is out of context of the conversation which was about being asked for proof. He was saying that they don't ask for proof despite evidence to the contrary including a user who posted after that.


I'm aware of the context.

And as I said before: I (and all the other cases I've heard of, except for one now I guess) appeared to get out of those questions just fine without providing ridiculously complicated proofs.

Well there's three now. The guy in the thread here, the guy on reddit and the guy on Bitstamps thread. Its by the by anyway and if its happening at all it needs discussion. The just because you were okay and answered the questions and didn't have to provide proof doesn't really seem an objective point of view when addressing the topic. Anecdote != data. 



1179. Post 6903297 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: JorgeStolfi on May 23, 2014, 10:53:49 PM


Indeed, I admit that "vouched" is too strong.  He just let his name be used to legitimize the enterprise, and (like the other chief officers) did not see anything wrong with it until after the CEO ran away.  Only then did people read the "prospectus" critically and noticed that there never was a real business plan.

I do not think at all that Andreas was conscious of the scam until that time.  Also, as a tech guy he could be excused for not noticing the financial problems (unlike economist Tuur Demeester).  But the episode does not inspire confidence in his competence as auditor, does it?

Or as was quoted above he had no access to finances, how can you possibly judge his competence as an auditor based on an advisory tech role working away from the office and having no contact really other than the occasional Skype call. Again this is in the blog.



1180. Post 6903364 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: oda.krell on May 23, 2014, 10:58:16 PM
Anecdote != data.  

So my annecdotal case != data.

Your annecdotal case(s) == data.

Sure. Sounds fair. /s


I repeat my main points one more time, then I'm going to duck out of this discussion:

1) It's anal KYC procedure, NOT a  solvency related withdrawal problem like in gox' case. Let's make sure to let the newbies that read along here know that difference.

2) The biggest problem I see so far is that Bitstamp didn't announce this change in procedure BEFOREHAND. I agree with Blitz that this is shitty behavior.

3) What could in principle be an actual problem of gox-ian proportions if they would require proof that users can't reasonably provide. So far, after having read mentions of the KYC procedure around 40 times (my ballpark guess) in the past months, I have /today/ heard the first time of unnecessary proof being required (in the reddit thread). That's 1 out of 40 cases (from my own perspective) and it doesn't exactly make me jump to the conclusion that Bitstamp asks for this regularly now.

Well I'm discussing the topic either way not saying they are definitely not asking for proof which is the whole issue.

1)how many times does someone have to say we're not saying they're insolvent for you to stop putting up that straw man when replying to someone who's said they're not saying they're insolvent several times.

2)Agree, isn't this one of the things I've been saying.

3)So you can't see the other guy in this thread and the guy in the Stamp thread. Its cool though, ignore them. Even if its not regular should it not concern people that at any point you could be asked to provide proof that you, for whatever reasons they may be , don't want to provide, after the being verified and making the trade and initiating a withdrawal request.

Thats fine I don't think there's much benefit in continuing but understand why people are concerned instead of just calling it impotent rage.



1181. Post 6911676 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: oda.krell on May 24, 2014, 12:18:45 PM

Wow. Looks like Jorge was right all along... we went up without a sufficient cause, hence we're now going down again. Probably all the way to 300.

Short all the Bitcoins!

/s

Thanks for the morning chuckle!

I have no plans on trading this its far too risky on both sides of the fence. It helps that my last all in was a fair few dollars ago so have no need to worry.

Nice support has been building back to $500 and it looks fairly organic, not just one big wall.



I think its safe to leave the charts for the weekend and just have a price alarm set. Enjoy your bank holidays (if your in the UK)!



1182. Post 6914410 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Weekend dip it is then...
Not to worry look at the 1 week chart and how different it looks to the other flash recoveries.

Also look at the cup and handle that could be perfectly forming on the one day. If that completes with a drop to $505ish on mon/tue I may even be tempted with my first long.



1183. Post 6914680 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: blatchcorn on May 24, 2014, 04:32:34 PM
Lmao.. someone just ate the whole 300btc wall on Stamp.  One click.
Its dinner time in the UK  Wink

nom nom nom, looks like a market buy as well rather than a bidder removing a bid and market buying seeing as the bid depth hasn't changed at all so not like someone just got impatient.



1184. Post 6926542 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Well it aint half nice to wake up to movements like this again. $60 movements over night have me dreaming of November again. Anyone shorting now needs their head looking at, big sunday movements have normally been followed by big monday movements as well. A bank holiday doesn't help and means even more will probably be hitting exchanges Tuesday.

The life of a perma bear must be so shitty.



1185. Post 6926766 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Just a small pull back, as you were gents. Cant go up forever!



1186. Post 6927604 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: inca on May 25, 2014, 11:20:41 AM
almost 3 k btc dumped and price is still north of 560  Shocked



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..

Windjc said he bought back in ages ago. I don't understand why people such as him get thrown in the perma bear category to the point where we speculate whether they have bought back in or not. Being bearish $100 and 7 days ago means nothing.

Same with TERA everyones asking where TERA is but she said herself when she decided to buy back in she was going to have a break from trading so is it surprising that she's not here to give people a run by run play of her trading practice.

igorr wasn't a bear just a full on troll, I doubt he even had $50 to short with.



1187. Post 6927616 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: wachtwoord on May 25, 2014, 11:22:11 AM
almost 3 k btc dumped and price is still north of 560  Shocked



c          c          m          f

Wait till the whale buys back in..

Haha, the same one, at $75,000 loss Wink

Nah the whales are the ones who dump first, they then let everyone else dump into them and then we move up again. Only the pigs make losses like that Wink



1188. Post 6927630 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: segeln on May 25, 2014, 11:29:06 AM

I wonder how many of the bears (igorr, matthecat, windy) have bought back in..
they are not bears they are noobs and trolls.you forgot fonzi

lol windjc is not a noob and has more BTC than you, pretty much guarantee it he was shorting 1000BTC +



1189. Post 6928976 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: magicmexican on May 25, 2014, 12:54:23 PM
Is it time for China to ban bitcoin again or not yet?

Probably, the drops from these 'news' gets smaller and smaller, I think even some China fud wouldn't see us below $490 ish for long.



1190. Post 6929080 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: JorgeStolfi on May 25, 2014, 01:02:32 PM
Is it time for China to ban bitcoin again or not yet?
Who knows?  These well-separated buying spurts smell like insider trading to me.  Some Chinese traders got news that made them want to buy well above market.  Others see the price rising and just follow along.  Still others are diffident and take time to raise their bids.  


lol  Cheesy

I'm going to start storing some of these. Could be gold. Could be right but I'm going with gold.



1191. Post 6929294 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: JorgeStolfi on May 25, 2014, 01:13:10 PM
I'm going to start storing some of these. Could be gold. Could be right but I'm going with gold.
Well, they are already stored here for posterity. And signed with my real name even.   Smiley

Yeah but its hard to sift through thousands of posts just a small collection with some of the best, could help you if you end up writing a master thesis of how right you were Wink



1192. Post 6929538 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

So the bidsum has also risen to around $12mm despite this rally and no funds being deposited for two days. I think that proves the assertion that there is plenty of fiat knocking around on the exchanges contrary to the beliefs of the fresh fiat crowd.



1193. Post 6929559 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.46h):

Quote from: JimboToronto on May 25, 2014, 01:30:17 PM
What is CCMF?

I think Goat was the one who coined the expression, "choo choo motherfucker" last autumn after a number of people posted train pictures in response to a picture of a man with a suitcase chasing a train he had missed.

I might have been first to shorten it to ccmf, and there was a thread about finding a sfw alternate interpretation.

"Choo Choo Mo Fo" was suggested.

Goat may have used it first but its a 4chan thing, explains why he would have used it here first.  http://knowyourmeme.com/memes/choo-choo-motherfucker



1194. Post 6932995 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):


Quote from: Walsoraj on May 25, 2014, 03:37:18 PM
http://willyreport.wordpress.com/

Quote
So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.

lol

Not my words just a copy paste but...

"Just a quick note... I've built quite a few systems, and at times I build the administrating function into the customer function.
It's hard to explain and hard to give an example... but imagine I build an exchange and incur fees in bitcoin, say 1%. The way I'd run my company finances is to build an admin account and with every bitcoin transaction, 1% goes to that account. This account is then set up on the exchange to sell at batch periods a certain amount of the bitcoin that I want to have in dollars to pay for company expenses.
Instead of taking my bitcoin to bitstamp and selling it there, or putting my bitcoin in a 'IkmoIkmo' account and selling it through there (of which 1% would recurringly go back to the account), I'd build it into the system using a customer account with some high ID and privileges like having 0 fees.
Now I'm not saying there's no inside job or that it isn't fishy. What I am saying is that I've been programming for a decade and I can easily see how a solo-engineer iterating on a flawed trading engine would use crappy and fishy accounts like these to do things that are otherwise completely normal and legal like having a company account sell bitcoin fees, or batching transactions of actual user-activity under one account-ID, or working with other exchanges to share liquidity and e.g. letting BTC-E sell coin to the Mt.Gox orderbook under a certain id for 0 fees, in exchange for the same service at BTC-E, thereby sharing the load and creating a redundant system (which is nice), etc etc.
In other words, it's weird, it's fishy, it's Mt. Gox, but it's not proof of some kind of fraudulent trading in and of itself. It can mean a whole lot of things and I'm happy to see more information come out."



1195. Post 6934000 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: RandomPedestrianN9 on May 25, 2014, 05:58:37 PM
 I hope the law will find the right label for his actions.

Oh, now is evil government useful. How about you pay for a flight ticket and go do your justice yourself, Mr. Freedom NoGovernment. Oh wait.

There couldn't have been anyone else you could have quoted that would have made what you just said more hilarious.



1196. Post 6934814 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: windjc on May 25, 2014, 06:43:03 PM
Did you guys notice that over 4000 BTC shorts were added after this last leg up. That is A LOT of BTC bet against the current uptrend.

I wonder where these shorts would squeeze?  I am thinking it would have to be over 620, because they are probably betting on a serious retracement at some point. Can't say its a bad move, but I am long, at least for a little while longer.

Yes but did you see if they were actual sold on market? As I've said a few times all active swaps means is the liquidity is taken. You can take 4000BTC and never sell them. Why you ask? Well particularly with the spike on Bitfinex just people have been speculating that some people are trying to game the loan system by buying all the liquidity under a certain amount to raise the interest rate and then adding their own offers at high interest rate. Wait for that to be taken and then give the BTC back.



1197. Post 6935353 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: gentlemand on May 25, 2014, 07:21:06 PM
What do you guys think about the whole "willy" thing? What happens after the revelations?

It's an opinion. A very compelling and well researched opinion. I wouldn't be remotely surprised if it was true but until we have concrete evidence it's still conjecture.

If the full story ever does come out, it's going to feel like ancient history. 

One of the things that I think is that potentially it might not change much. Fact is we're already at the point where the lost gox btc has been accepted as lost/hacked/unrecoverable etc. Now if this isn't going on on other exchanges the price we're at today is a 'fair' price. Only time will tell what the market thinks. I'd expect at least an attempted panic retraction but in terms of the price today what does it change?



1198. Post 6940130 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Huobi ahead of Stamp as well. All this on a sunday. I'd forgotten sunday pumps tbh  Grin



1199. Post 6945676 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: JorgeStolfi on May 26, 2014, 09:52:42 AM
A few hours ago, I thought that I spotted a couple of significant transactions at Huobi that occurred below the highest bid at the time.  Either that, or robots re-populated the spread after a dump with several bids, so quickly that the current price and highest bid did not change on the chart.  This glitch now makes me wonder...
 

If your watching bitcoinwisdom rather than actual order books this happens all the time. Its just the bids filling in after a trade is executed which could be 15 secs ago real time.



1200. Post 6950128 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Seems the market still wants to go up so I'm thinking we'll see $620 at some point tomorrow.



1201. Post 6950372 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Been a while since I've seen the ignore box, must be some fresh bear news around Wink



1202. Post 6950670 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: Threebits on May 26, 2014, 03:11:21 PM
Have you ever tried receiving payments from abroad? It is exceptionally expensive and time-consuming to send money to Brazil from a foreign country by regular banking channels. Bitcoin facilitates this tremendously, and is used by many. Is that not enough to be considered successful?
-----------------------------------

How many people in this thread using bitcoin moving money abroad?  if one uses, indeed he will find bitcoin fantastic. One thing I tend to be sure is that the payment technology behind bitcoin will be successful.

Still, the success of payment technology does not necessarily mean success of bitcoin, I think.

It is quite a headache for me to imagine: if Switzerland decides to stop Swiss Francs and turn them all into a crypto swisscoin, what will happen to bitcoin?


Well technically anytime you do any trading of alts ,payments for e goods from member, donations etc you are sending money abroad that you wouldn't already be able to do easily Wink



1203. Post 6959337 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Protip: with drk having it's fork and generally being overvalued anyway expect an injection of btc into MRO.



1204. Post 6959485 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: dewdeded on May 26, 2014, 11:19:17 PM
Protip: with drk having it's fork and generally being overvalued anyway expect an injection of btc into MRO.
This is no real altcoin "protip".

- Fork is already fixed.
- Monero is down in the last 24 h. DarkCOIN Fork is/was 6 or 10 hour ago. Monero didnt profit from it. What leads you to think it will do now. After Dark problems are nearly gone? Dark price already recovered.
- Monero is a 2 year old technology and still has it's own problems (blockchain bloat).


(no hate against u and Monero is a good coin, still wanted to notice this)
I know I know just making conversation Smiley

Drk is frozen on mint pal cryptsy and polo I speculate when they come back up people will take some profits that they have been holding of which a lot of people have many. Also wasn't the first fork that long ago ? Im lead to believe it has forked more than once ?



1205. Post 6965947 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: lemonte on May 27, 2014, 08:42:01 AM
Woke up with a sell order having gone through on Kraken, not buying back in until I see a few green candles on the hour views to be safe.
Any reason people dumped, aside from it being a correction as we've gone up too fast?

My guess is just a correction, Im expecting some new , money on the exchanges in the next few hours so would stand to reason some bigger players trying to increse their position before it enters.

Who knows, but one of the joys of buying back low $400's and being general in a bullish market is not having to fret too much. IMO its silly to buy or sell here, just hodl Wink



1206. Post 6966023 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: chessnut on May 27, 2014, 08:42:06 AM
many of the coins that were bought in this run are probably no longer subject to panic selling, as whales withdraw for long term holding.

selling != panic selling. If you bought a significant number of coins at any point other than say yesterday, taking a few k profit is not a bad move.



1207. Post 6966072 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

I would expect a decent retrace here, the longs on Bitfinex are the highest they've been since the first week in feb.



1208. Post 6966149 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: wachtwoord on May 27, 2014, 08:55:35 AM
many of the coins that were bought in this run are probably no longer subject to panic selling, as whales withdraw for long term holding.

selling != panic selling. If you bought a significant number of coins at any point other than say yesterday, taking a few k profit is not a bad move.

This much and this fast?

How many coins were bought between $440 and this price 24 hours ago? A shit load, one person could be selling all those coins, theoretically, its only been 1500 a big entity could have eaasily bought 1500 coins between $450 and $500 and selling them now for close to $100k profit.

Just think its silly to always assume everytime someone sells that its in panic and they don't know what theyre doing. Some unknown news is more likely obviously.



1209. Post 6966179 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Just wait for the buying back to start and the pigs to be slaughtered Wink



1210. Post 6966443 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: gotmilk_ on May 27, 2014, 09:15:12 AM
Wtf Bitfinex??? This is bad...

Its bad that a site went down? Cmon guys how many times has Stamp, Gox, BTC-e gone down??



1211. Post 6966483 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: kodtycoon on May 27, 2014, 09:20:58 AM
Wtf Bitfinex??? This is bad...

Its bad that a site went down? Cmon guys how many times has Stamp, Gox, BTC-e gone down??

so its just a case of bitfinex gone off line unannounced? is that it?

Website under heavy load, no doubt its a DDOS to add to the panic, as per normal Bitcoin world Wink



1212. Post 6966583 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: gotmilk_ on May 27, 2014, 09:23:01 AM
Wtf Bitfinex??? This is bad...

Its bad that a site went down? Cmon guys how many times has Stamp, Gox, BTC-e gone down??

Well usualy we go down more when somethhing like this happen... You need to know they have margin tradind.
Don't get me wrong I'm not short, but you need to be realist.

I am a realist, a site went down on the internet now why does that suddenly make me want to sell my BTC?



1213. Post 6966627 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Fenix back Smiley



1214. Post 6966693 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: fonzie on May 27, 2014, 09:30:42 AM
Wtf Bitfinex??? This is bad...

Its bad that a site went down? Cmon guys how many times has Stamp, Gox, BTC-e gone down??

Well usualy we go down more when somethhing like this happen... You need to know they have margin tradind.
Don't get me wrong I'm not short, but you need to be realist.

I am a realist, a site went down on the internet now why does that suddenly make me want to sell my BTC?

Remember April 2013. Gox --- DDOS?

Again, 18 000 000 $ in open long positions on Bitfinex. Imagine what would happen if only 50% would hit the market. Tongue

When gox controleld the vast majority of the volume and everyone was looking to them as market leader.

Also the DDOS back then were several in a few days and for long periods of time.

I like your FUD Fonz but this time you sounded desperate Wink

Also not to egg you on but I think the API is still down Wink



1215. Post 6966739 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: ChrisML on May 27, 2014, 09:38:13 AM
Seems People are done panicking about finex. Back to the thing we do best.

10:1 leverage long ??



1216. Post 6966782 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

So Finex was down due to a database crash not even a DDOS, lolz.

No hack btw.



1217. Post 6967087 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: wachtwoord on May 27, 2014, 10:04:43 AM
Just 1k BTC and we're back at 580.

Fenix is fully up and operational again and would you look at that, we're moving up again. IF we do meander our way upwards again it would have been an almost perfect 78% retraction .



1218. Post 6967447 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Havent seen this one posted in a while



Feels good to be able to pull that one out again. For the last few months the bitcoins have only been worth what they were six months ago Wink



1219. Post 6967718 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: YipYip on May 27, 2014, 10:56:06 AM
Isn't it fishy that the moment the market approaches 600... BitFinex conveniently experience a database failure, causing panic and margin traders to close their position?

The house always wins.

Sorry i ahve to agree ..there was 2 shakings of the tree and finally after it had been thinned out the big dump

Clear out all margined longs ...does not go below 550 so as to not scare everbody too much & now back to the same ~570 and climbing

bitfinex
500plus is an etf that trade btc ltc

I gotta say Specialists aka Market makers aka insider traders aka dodgy exchanges

Definately feels like a rigged carny game to me

P.S I am old school & own coins so as not get caught in these lovely traps Wink



The theory is all well and good until you actually look at some data and realise that if anything more longs were opened rather than clear out all the margin longs.




1220. Post 6967825 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: YipYip on May 27, 2014, 11:06:03 AM


where are you getting this data Huh


Here my friend 

http://charts-bfxdata.rhcloud.com/bitfinexLiquidityUSD.php

Wink



1221. Post 6969010 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: ShroomsKit on May 27, 2014, 12:28:01 PM
I'm going in Tera mode for now.
Too much resistance. Bid wall removed. Dump incoming. Back to 550  Undecided

 Grin

Big shiny gold star for this one shroomsy, and you said you were a bad trader Wink




1222. Post 6969806 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: zimmah on May 27, 2014, 01:10:23 PM
i'm not quoting fonzie but he's actually right about bitfinex

But if some people lost a lot on margin calls,mother people gained just as much right? That's how the market works, someone gains, someone loses.

So the people who lent money to margin traders would have made a killing right? And they could potentially invest (part of) that money into bitcoin, right?

Or do I miss something?

I think you missed the bit where all Teppino was saying is that Fonzie is right in that Bitfinex was down at the time. Not to all his other perma-bear/ uber-troll posts.

I doubt many people would have lost a lot on margin calls as when the site went down trading stopped, its not like you couldn't close a position while the market still moved. So the market was in exactly the same position when it opened as when it closed so no calls happened at a time you couldn't have closed them.



1223. Post 6970511 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: adamstgBit on May 27, 2014, 02:01:20 PM
if we test the low again, i'm gonna get a few thousand bits.

Which low ?

$340?



1224. Post 6971209 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: gotmilk_ on May 27, 2014, 02:21:18 PM
From bitstamp FB:

Quote
Bitstamp BTC Proof of Reserves, May 2014
Dear Bitstamp clients,
To reassure clients, Bitstamp regularly performs a procedure to prove its BTC reserves.
On May 24th, 2014, Mike Hearn of Vinumeris GmbH, bitcoin core developer and prominent member of bitcoin community observed Bitstamps proof of reserves procedure. Reserves were proven by conducting a Bitcoin send-to-self transfer.
Details of the procedure are provided in the PDF linked here:
https://www.bitstamp.net/s/documents/Bitstamp_proof_of_reserves_statement.pdf
In summary, Bitstamp held 183,497 BTC its cold wallet fully covering both the clients funds held at Bitstamp and the clients funds on the Ripple network.
Additionally, a financial statement audit is in progress.
Best regards,
Bitstamp team

Cool  Smiley

Kinda cool.

 I don't have any doubts about their solvency, I want some answers and clarification of their over zealous KYC/AML procedure  Sad



1225. Post 6973133 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: JorgeStolfi on May 27, 2014, 03:03:45 PM
It is a much more lucrative and "safe" vehicle for scams than the classical ones -- stolen credit cards, counterfeit cash, phony viagra, nigerian heirlooms, penny stocks, ponzi funds, ...

More completely false comments.

I noticed you chose not to reply to one of my replies to you about a week ago where I explained in detail why big serious money criminals would never go near BTC I wonder why you chose to ignore it? That could have saved you from this gaff.

One for you anyway -  http://www.mirror.co.uk/news/uk-news/700million-tax-fraud-brit-held-3585565

Bigger fraud than Gox there mate and this guy was travelling the world living the life.



1226. Post 6974270 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Such fake walls. At some point people will realise that the majority of times someone puts an ask wall up he only wants you to dump your coins into his bids



1227. Post 6974369 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: dannyspk on May 27, 2014, 05:06:49 PM
Such fake walls. At some point people will realise that the majority of times someone puts an ask wall up he only wants you to dump your coins into his bids

For a second, I thought it got eaten up. I was like, rally time!

Meh realistically if you dont watch the charts on  an hourly basis its been rally time for the last three weeks.



1228. Post 6974511 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: kneim on May 27, 2014, 05:11:08 PM
Last block on blockchain.info is over 2 hours old. Is there a tread about this?

You should check other explorers. Blockchain often does this


http://blockr.io/



1229. Post 6974580 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: oda.krell on May 27, 2014, 05:15:41 PM


We're retracing through this dip at a remarkable speed.



Yep, plus wasn't someone harking on about how this isn't a real breakout until we see increasing volume through old trendlines?

Something like this ?!



Look at that sweet 1w MACD powering towards the green as well.



1230. Post 6974667 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: oda.krell on May 27, 2014, 05:21:45 PM


Volume looking better by the day, true. But let's not get cocky before we get to the daily SMA200 (conveniently depicted in your chart, unless I'm mistaken Cheesy)

Far from cocky, I fully expect a deep retrace at some point, not convinced a dip to $550 for an hour quite counts. Just pointing out some pluses Wink



1231. Post 6975058 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: hyphymikey on May 27, 2014, 05:38:01 PM
I'm surprised there are still almost 6K BTC in shorts. I guess they weren't around to close them in the dip to 550. We need a quick hard push up to close them out and keep this rally going.

Out of interest. New shorts are opened all the time so as one closes another one opens per se, what would you consider a small number of lent BTC (bear in mind BTC provided != a short on the market as you can hold liquidity and just pay the interest on it, with BTC that rate of interest is very low so people often take BTC loans at very low rates when they think they may need it soon)



1232. Post 6975232 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: keithers on May 27, 2014, 05:47:45 PM
600 needs to go or we will eventually go down again i think.


I am still thinking $585 is the mark to beat.   We have passed it a few times last night, but then keep falling below, and fighting to get back to $585.  Shouldn't be a psychological level there, but it definitely seems like the ceiling we need to break...

lol. The walls moving up helped that one out. $600 is still the barrier IMO



1233. Post 6975986 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: JorgeStolfi on May 27, 2014, 06:25:22 PM
So, rest assured that I have no love for them.


Slightly off topic but also relevant to your post. Do you have love for the government, police and military? I was wondering about the validity of these claims - http://revolution-news.com/brazil-unleashes-new-terror-favelas-aims-silence-anti-capitalist-social-movements/#prettyPhoto

Seem pretty damning to me.



1234. Post 6976732 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: medialab101 on May 27, 2014, 07:00:43 PM
This

Please read the trolls last 12 ish posts and kindly not quote him again. ta Wink



1235. Post 6977066 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.47h):

Quote from: hyphymikey on May 27, 2014, 07:11:23 PM
I'm surprised there are still almost 6K BTC in shorts. I guess they weren't around to close them in the dip to 550. We need a quick hard push up to close them out and keep this rally going.

Out of interest. New shorts are opened all the time so as one closes another one opens per se, what would you consider a small number of lent BTC (bear in mind BTC provided != a short on the market as you can hold liquidity and just pay the interest on it, with BTC that rate of interest is very low so people often take BTC loans at very low rates when they think they may need it soon)

During the last "bubble" under 2K BTC was borrowed. It hasn't gone under 5K since February, even though the trend has changed since. The rates aren't any better now than they have been in the past, so no need to borrow for the future.

http://www.bfxdata.com/bitfinexLiquidityBTC.php

Yes during the last bubble but we're not in a bubble we're crawling out of a 6 month downtrend I would never expect there to be more or the same amount of shorts during November as now. Shorting at any point here could easily be a profitable play add on to that the people who are holding shorts from Jan to March is still in a profit position then it surprises me that you are surprised that that we aren't on equal footing to bubble amount of shorts.

Another thing to consider, since pre November bubble Im sure Bitfinex has got a fair few new customers from general market captivation and also Gox traders so again I wouldn't expect it to be reliable data to compare like for like. Ratios on the other hand are a different story.



1236. Post 6990604 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: hdbuck on May 28, 2014, 11:52:06 AM
Huge Ripple pump, the train is leaving soon.

Glad i didnt get caught in the beartrap & fud

This train might encounter some trouble soon (aka the 9 billions dump next week from Jed).

like if jed is going to sell it all on the market. that'd be dumb, he'd loose a lot. better selling it in chunks to private investors avoiding public marketplaces

like jed would announce he's going to sell 10% of a currencies supply. that'd be dumb, he'd lose alot. Better not telling anyone and selling it in chunks on market.

See, none of this ripple fiasco makes much sense which doesn't feel condusive to training and mooning tbh.



1237. Post 6991015 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: ChrisML on May 28, 2014, 12:18:15 PM
Fucking dumpers.

Relax dude,  just chill and let the market do its thing. Consolidation here is healthy and the longer we stay above the last trendline the more it turns into support.



1238. Post 6992308 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: ShroomsKit on May 28, 2014, 01:16:42 PM
Fucking dumpers.

Relax dude,  just chill and let the market do its thing. Consolidation here is healthy and the longer we stay above the last trendline the more it turns into support.

That dump is actually bullish, right?

I didn't say it was bullish but people sell and buy all the time. When someone starts market selling 2000BTC then start saying fucking dumpers. Never hear anyone saying fucking pumpers when people make a few largish market buys lol.



1239. Post 6992338 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: Nightowlace on May 28, 2014, 01:38:14 PM

Can someone explain to me how a -4% dip in two days is now equal to pump and dump. I'm feeling as if all my years if trading stocks and bitcoin I've been completely misinformed?

Please read the trolls last several posts and kindly not quote him again. ta Wink



1240. Post 6995064 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Jesus fucking christ I'd rather read about China banning bitcoin and be inundated with bear fud than read 5 pages all about our resident academic.

Can we move on... Please ?!



1241. Post 6996982 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: JorgeStolfi on May 28, 2014, 04:19:05 PM
  Me: "Goevernments can effectively ban bitcoin, see China for example."
   Them: "Bitcoin is like the internet, it will find a way around any obstacle."

Bad example, try torrents or something closer in anology to decentralization

Quote from: JorgeStolfi on May 28, 2014, 04:19:05 PM
  Me: "Bitcoins may be scarce, but there are plenty of cyptocoins with equivalent or better protocols"
  Them: "Cryptocoins will die and bitcoin will not."
The very best will likely be used in some situatioins as well. But network effect, first mover effect etc
Also if a country decides to print more money does that devalue my currency in my country?

Quote from: JorgeStolfi on May 28, 2014, 04:19:05 PM
  Me: "Bitcoin is now more prone to theft and fraud than credit cards, see the numbers."
   Them: "Bitcoin will be much safer when it matures."

Isn't that logical due to most the thefts, scams etc being because of 0 regulation rather than the bare minimum at least.

Quote from: JorgeStolfi on May 28, 2014, 04:19:05 PM
  Me: "Mining is already concentrated in a few companies, they may form a cartel and become like the bankers."
   Them: "It is a free market so that will not happen."

This is agree with you more on, thats why I have my coins already, first movers advantage etc.

Quote from: JorgeStolfi on May 28, 2014, 04:19:05 PM
  Me: "The Satoshi 2009 blockchain already assigns XX% of all the money to a few thousand people."
   Them: "Wealth distribution will improve with time."

How many people do you think who mined in 2009,20010, 2011 even 2012 still have all the coins they mined/bought now? Satoshis mined 1 million don't foget.



1242. Post 6997571 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: wachtwoord on May 28, 2014, 05:57:38 PM
[

Well, by that analogy Stamp would be.

But those crazy Russians have always lagged a bit. It's harder (and more expensive) to get fiat out of there.

Is it not expensive to get money in as well? I seem to remember hearing being charged 1% both ways?



1243. Post 6998713 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: ShameOnYou on May 28, 2014, 07:01:51 PM
Have we already seen the full extent of the effect of the Willy Bot news? If it gets more substantiated in some way, would we face more negative sentiment? How did the story affect holders who may have bought based on that perceived buying pressure in the last bubble?

People pay what they are willing to pay for something. Regardless of the fact willy accounted for 10% of the 20% gox had as a measure of global volume plus we all remember China was leading right Wink , I fail to see how that effects the price today. The only thing that gives bitcoin is value is what somebody is willing to pay for it. You may be willing to pay less based on a belief the last bubble was soley to do with one bot but someone also has to be willing to sell to you on that reason alone. The fact that many knew something like this was 1) likely to be happening and 2) if you were around for the last 4 ish months of Gox' life people were speculating that this was going on even coining the 'bot' willy at the time was happening, means in general its not that huge of a deal.

 Add into that its still only speculation, none of this can be proved. It could easily be high value customers who didn't have accounts so as to not leave millions sitting in an account to be hacked. Instead they wired money direct to gox and in return Mark had programmed a 'bot' to execute trades at certain times. Given Marks track record it stands to reason he may also 'accidently' co-ordinate that to oppurtune moments.

Further to that as well the database leak while containing customers info, some have stated they dont show all their trades for that period. Is it not possible that someone doctored the database wrote this story and waited for an oppurtune moment to release it. Far fetched but just as speculative as the report.



1244. Post 7001174 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

RIP DRK bagholders...



1245. Post 7009725 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: Richy_T on May 29, 2014, 07:52:38 AM
The facebook thing makes a lot of sense. I got 1/10 of the way along writing an app that would have been able to be recoded to do that fairly easily (being able to award people points). Unfortunately, Facebook changed their API that would have removed a lot of the fun of using it so I shelved it.

Though personally, I'd be a bit wary of holding that much of other-peoples money (you will presumably have to load up before you can send any). Good luck to them though.

Yeah and you know what things are like on social media. If a video with a cat can be seen by 20 million through Facebook shares etc then any form of tipping on Facebook can only be a good thing!



1246. Post 7009824 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: JayJuanGee on May 29, 2014, 07:00:39 AM





Pulling a number literally from nowhere, it FEELS as if we are around 0.5%. Anyone have a more accurate number?

Don't do all super bull but if 1 in 20 wind up using Bitcoin in some way we are somewhere between 0.5 and 1% adoption. I'd think. Bitcoin won't have that much penetration but be happy if 1 in a 100 found it useful so maybe we're between 3 and 5 % total adoption or maybe you're a laggard, and we're bag holders. How long is a piece of string?

*to address the bolded part:

I think 1 in 20 gets us to 5% - just saying.


How do you figure this 5%?

He's misunderstanding what the poster was saying. Obviously 1 in 20 means 5% adoption but Adrian was saying if 5% ends up using it we are at 0.5-1% now.



1247. Post 7010525 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: magicmexican on May 29, 2014, 08:57:09 AM
Whats its going to be - weekend dump or weekend rally?

Weekend rallys and week dumps/flat. Its the new paradigm!



1248. Post 7013295 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: ShroomsKit on May 29, 2014, 11:02:38 AM
We're moving the wrong way. Can someone please tell these people.

Its all these crazies I tell ye, in all honesty we know its going to $2000 so these people should just hurry up and get us there Wink



1249. Post 7013364 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: wachtwoord on May 29, 2014, 12:30:29 PM
We're moving the wrong way. Can someone please tell these people.

Its all these crazies I tell ye, in all honesty we know its going to $2000 so these people should just hurry up and get us there Wink


Sometimes it's nice to take your time Wink

I know I know, just this internet thing and all these on demand services have given the population the patience of a 3 year old Wink



1250. Post 7013394 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: TERA on May 29, 2014, 12:31:37 PM
I don't know why the number 2000 is so popular and bulls are so quick to call for this number because if that was actually the next ATH than it would be very bearish - it would be the weakest ATH rally bitcoin has ever had and the end of the current trend.

I apologise profusely that I conjured up a random number to make the joke. Next time I will make sure that it potrays my 'bull' sentiments in clearer detail. Chill out, its going to $5k at least Wink



1251. Post 7017390 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Yes that plus also when big news like this comes around the only reason price moves upwards is traders pre-empting so to speak the influx of potentially interested new users or people just hearing about it. It takes weeks from someone learning about Bitcoin to then going ahead and purchasing.



1252. Post 7030359 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: windjc on May 30, 2014, 06:50:05 AM


Look at the DRK thread. Go to Bitfinex. There are screen shots and I have confirmed. Its not live yet, but they are setting it up as we speak.

Short the living fuck out of that then!



1253. Post 7030388 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

If true, I don't think thats a good move on Finex' part at all and it worries me slightly that they would do it.



1254. Post 7030499 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: windjc on May 30, 2014, 07:09:55 AM
If true, I don't think thats a good move on Finex' part at all and it worries me slightly that they would do it.

I think its beyond stupid. Whats the worst coin in the world you can add to draw attention to yourself from governments?

DRK

This is why I question whether they are actually planning it or not. USD > anon coin, sounds like they're trying to get themselves shut down. Great time to move my trading AGAIN.



1255. Post 7031434 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: Adrian-x on May 30, 2014, 08:21:04 AM
are these DRK rumors for real? why would they add it?


follow the hype ?

I'm loving this wave I bought in at launch sold the top bought back on the dip too the moon. This makes up for all that $#!ącoin I have bought.



Just make sure you get out before it hits the ground again Wink



1256. Post 7031678 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: windjc on May 30, 2014, 08:31:00 AM


I think Pump #2 is going to be of epic proportions. It will probably be one of the crypto stories thrown around for months (years) to come.


How can it get more epic than the early pumps of any coins where 1 BTC can turn into a 100? Unless of course you think its going to pass BTC Wink


Anyway I wait with baited breath to see what the Finex stuff turns out to be.



1257. Post 7031789 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: windjc on May 30, 2014, 08:43:37 AM


I think Pump #2 is going to be of epic proportions. It will probably be one of the crypto stories thrown around for months (years) to come.


How can it get more epic than the early pumps of any coins where 1 BTC can turn into a 100? Unless of course you think its going to pass BTC Wink


I'm clowning a bit here.

But there are moments people remember. Like LTC going from $1 to $50 in less than a week. Like Auroracoin going from $100 to $1 in less than a week, lol.

You know, that type of thing.

Yeah I know I know, thing is 50% of the marketcap was wiped of yesterday as it forked for the 3rd or 4th time, this whole recovery is clearly based on that rumor mainly, so what happens when it doesn't come to fruition ? Not to mention masternodes are a bad way of providing anonymity



1258. Post 7032105 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: manfred on May 30, 2014, 08:49:49 AM

Its just a pump nothing else. Anyone checking the source of this rumour can see it. Well Jesus coin (XC) did have a nice pump to the other day Market cap of over 13 mil now 5

What do you mean checking the source? The source is its listed on finex under performance summary, thats true i can see it on my account. The fact its probably just a pump still remains.



1259. Post 7032469 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Holy shite, looked away for 10 secs. What on earth caused that?



1260. Post 7032590 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: F-bernanke on May 30, 2014, 09:40:55 AM
any newses?

Bitfinex on the super pump  Grin first time we've seen the $6xx in a fair few weeks. News comes later, no doubt.



1261. Post 7032616 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Wtf, Bitfinex went all the way up to $630, why didn't I have a huge short there Sad



1262. Post 7032701 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: Teppino on May 30, 2014, 09:46:08 AM
I'm selling my coins today. Will buy them back when we hit sub-400 prices in a couple of weeks or so.

hope you had stop losses in place!

I'd saved that one as well. Hope he didn't Sad

Cmon Stamp 2000BTC market buy will fix shit right up!



1263. Post 7032713 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: medialab101 on May 30, 2014, 09:45:22 AM
Huge wall just went up at $600 on Stamps

Will be pulled I'm sure.



1264. Post 7032766 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: oda.krell on May 30, 2014, 09:51:54 AM
Serious question, for a second:

Does anybody know how much of Bitfinex' volume (on average) is routed to Bitstamp?

Bitstamp's API returns total volume (i.e. their own volume + orders from Bitfinex). Bitfinex' API doesn't distinguish between orders executed "internally" and "externally" either, to my knowledge.

The result is, we can't say for sure how much of the volume on stamp on finex is a duplicate... Can anyone who trades a lot on finex shine some light on this? Maybe you know how much, approximately, is routed to stamp, so we can at least guess how much stamp's volume has to be discounted.

I'd wait for someone in the know to come along but I was sure that Finex' reliance on Stamp has been waning over time as their own order books fill up. When reading some bit from the Finex team about their audit and what happens if Stamp went down and they made it seem like it was a non issue.



1265. Post 7032937 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: ShroomsKit on May 30, 2014, 09:59:12 AM
Ok back to 590. Another failed attempted. People go omg almost 600 must sell because otherwise it will go over 600 and i will make more money.


Patience Wink Its happening today.



1266. Post 7032953 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: manfred on May 30, 2014, 10:02:55 AM

Its just a pump nothing else. Anyone checking the source of this rumour can see it. Well Jesus coin (XC) did have a nice pump to the other day Market cap of over 13 mil now 5

What do you mean checking the source? The source is its listed on finex under performance summary, thats true i can see it on my account. The fact its probably just a pump still remains.
Nothing shows on my account. Seems it was a marketing gag to get some action happening on Bitfinex. It worked


Its gone, it was there a few hours ago on my account. Ultimate pump from an employee?



1267. Post 7033106 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: windjc on May 30, 2014, 10:14:34 AM
Panic buying on Finex. Margined leveraged panic buying. Bad combination. Leverage money can't lead a market for long.

Not much leveraged in this  run..

Is this is false breakout? Something doesn't feel right.


Its weird. Plus the way Finex fucked off leads me to believe that they aren't completely decoupled. That used to happen when Finex' Stamp wallet ran dry.



1268. Post 7033244 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: oda.krell on May 30, 2014, 10:25:10 AM


You sure they are 100% decoupled?

See my post above, I kinda changed my mind and said these spike remind me of when the Finex Stamp wallet runs dry.



1269. Post 7034915 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Just wait till that 1w MACD crosses as well. So many people will be trading on that.



1270. Post 7034922 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Wall vs wall $600 here we come  Grin



1271. Post 7034964 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

NOM NOM NOM. $630 the first main resistance then ?



1272. Post 7035072 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):


Quote from: TERA on May 30, 2014, 12:26:09 PM
This is just like watching one of those bubble rallies because there are no coins for sale on the order book.

Tends to happen if you spend 6 months selling them...



1273. Post 7037583 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: bzzard on May 30, 2014, 02:47:00 PM


hummm

You shall not pass! I miss this thread being full of wall pics Sad



1274. Post 7039203 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: zimmah on May 30, 2014, 03:42:52 PM
one bitcoin please



Sorry, that was yesterday price, better carry on saving.



1275. Post 7040817 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: blatchcorn on May 30, 2014, 04:21:43 PM

Does anyone know if he replenished his supply of bitcoin?  I really hope he did.

He did not, he now owns single figures of BTC check out the old thread he's been back recently.



1276. Post 7051515 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Same as last weekend really, definately not worth trading it and be ready for the big green dildos when you least expect it.



1277. Post 7051857 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Its a fact that most traders lose money and buy and hold is the best stratergy for most. IF you can play the game though there are good profits to be made.



1278. Post 7051924 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: JayJuanGee on May 31, 2014, 10:02:04 AM

End of Q2 is June 30, so 30 more days.  Doesn't seem very likely, but still possible.

I'd safely bet my house on it to be fair...

Bitcoin isn't going that low again unless there is a serious problem with the protocol itself IMO.



1279. Post 7053631 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: magicmexican on May 31, 2014, 12:23:14 PM
btc-e cautiously staying way behind

$15 was the standard difference during october november last year? Granted that would have been a lower percentage.



1280. Post 7054595 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: TERA on May 31, 2014, 01:36:49 PM
Seeing big walls on the ask is normal in bull markets. It implies that people can sell on the ask rather than dumping at market and aren't causing a panic of traders dumping at market.

This. Still causes all the sheeple to panic dump infront though, literally everytime :/



1281. Post 7054614 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: ihaveaquestion on May 31, 2014, 01:44:41 PM
Seeing big walls on the ask is normal in bull markets. It implies that people can sell on the ask rather than dumping at market and aren't causing a panic of traders dumping at market.
Yes, obviously the whale is confident his wall will be eaten because we are in a bull market. In a bear market it would cause a drop and the recovery would be unlikely. Though i am not sure Saturday is the best day of the week to do so.

Why not? Last weekend was the start of this big leg up.



1282. Post 7054830 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Quote from: edwardspitz on May 31, 2014, 01:52:32 PM
Could it be someone arbitraging between Stamp and BTC-e?

Dont forget about the fiat transfer fee to btc-e. But yes entirely possible/



1283. Post 7058217 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.48h):

Yawn, someone just buy that wall already  Grin

Was hoping for abit more movement this weekend...



1284. Post 7064299 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.49h):

Quote from: seleme on June 01, 2014, 02:39:16 AM
Huobi just broke 4000  Shocked

Holy! What is happening over there?!



1285. Post 7072527 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.49h):

Huobi still accelerating ahead as well



1286. Post 7075261 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.49h):

Page 7000. I did say we're back to weekend pumps  Grin



1287. Post 7077321 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.49h):

Fuck sake was just cooking and missed all of that Sad missed a buy order by $0.50 :/



1288. Post 7077546 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.49h):

Quote from: magicmexican on June 01, 2014, 07:11:50 PM
Fuck sake was just cooking and missed all of that Sad missed a buy order by $0.50 :/

Thats what you get for trading BTC like a casual... You need to step up your game and trade like this :




LOL. Sometimes thats the case but its supposed to be sunday  Grin



1289. Post 7077735 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.49h):

Quote from: adamstgBit on June 01, 2014, 07:23:21 PM
omg i missed this soo much

we should do this ever sunday

I LOVE YOU GUYS


who need a beer?

post your BTC address

I wont let you buy me one but Ill crack one open with u  Grin



1290. Post 7080868 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.49h):

Quote from: Veronica26 on June 01, 2014, 10:51:30 PM

Do you have anything harder?  Cry

12xqTMRNcxKYtV5T41Y5rgeyQo7QFfi5R4


Have you checked your PM's? Oda.Krell was trying to get in touch with you. You should definitely message him back he wants to help you out  Smiley



1291. Post 7087219 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.49h):


Quote from: rpietila on June 02, 2014, 10:15:34 AM
Journalism wasn't too bad but "funny" that they choose to use the most ugly-looking pictures..

I dunno, I reckon its one of the better ones doing the rounds Wink


Also agreeing that this was more of a spike up rather than a 10% drop, still my bitcoins are only worth what they worth yesterday and all of that.



1292. Post 7089236 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.49h):

Support seems to be drying up, can definitely see this testing $600 today.



1293. Post 7094653 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.49h):

DRK on Bitfinex guys, get it while its hot Wink



1294. Post 7104282 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Dont forget with some of the longs, people will have gone long as it all happened so fast to then pay back the money when they can get a wire there, I know I've done that before several times when I've not had money on the exchange.

No shorts is a little worrying though.



1295. Post 7105658 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: studio1one on June 03, 2014, 09:14:56 AM
Looks to me like we're almost out of the woods  Cheesy



1 week MacD crossover would be fucking epic buy signal.

While true, you need to wait for the confirmed cross which is 2 weeks away I think. bitcoinwisdom updates its MACD on the fly so it can cross and then a drop in price can make it uncross again like it never happened  Wink



1296. Post 7105794 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: okthen on June 03, 2014, 10:16:08 AM
666 is nice. Now let's go to 777 Grin

I'd prefer 6666 Grin

or 7777 Grin

It is strange how $666 has this lure, the more people talk about it the more it becomes a thing so everybody shush Wink



1297. Post 7106202 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: Erdogan on June 03, 2014, 10:45:46 AM
666 is nice. Now let's go to 777 Grin

I'd prefer 6666 Grin

or 7777 Grin

It is strange how $666 has this lure, the more people talk about it the more it becomes a thing so everybody shush Wink

Magic numbers are no good in bitcoin, because bitcoin is world money, and bitcoin traders have different cultures and different fiat money references. Just give it up.

True, but discount China and pretty much everyone else trades in $. I'd rather trade in Ģ but its just not liquid enough.



1298. Post 7107507 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: ejinte on June 03, 2014, 11:58:11 AM
Leveraged long Finex holders, how does it feel to pay 1% interest per day?


As long as I'm in the green totally, I'm happy.
Isn't the interest rate the same if going short? I think so.

No its nothing like the rate going short, its like 100 times cheaper. How can you not know this yet trade on leverage?



1299. Post 7107741 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

I think shroomsy is secretly a world class day trader portraying himself as a hodler while he slaughters all the pigs  Grin



1300. Post 7108702 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: NewLiberty on June 03, 2014, 01:09:56 PM

How strong of an "overbought" signal is that?
I don't watch margin rates much.

Its not really, the rates change all the time, but on average USD is around .6 - .9%/day and BTC is 0.002 - 0.008  ish/day, taking out the spikes when people suck up a lot of offers quickly.



1301. Post 7111142 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: Raystonn on June 03, 2014, 03:56:19 PM
$680 within 2 hours.


Thats not a very brave prediction were only $9 away Wink

Slow day but all in all some good consolidation. Nobody really wants it to shoot straight for the moon and if they do they deserve to get slaughtered as it heads straight for earth. HODL.



1302. Post 7113017 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Guys when everyone talks about the Finex longs and shorts and compares it to 6 months ago you really have to remember that they likely have a fair few more customers using their exchange thats people taking liquidity and people providing it. In a run up to $2k I could easily see there being $40 mill plus of longs.



1303. Post 7113213 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Man I'm not gonna lie I've really enjoyed hodling on this run up from ~$450 normally I'd trade the shit out of it on the way up but thought after trading the bear market for 6 months I'd have a little break. Not going to lie, I can see why some of you never sodl and always hodl havent been this relaxed watching the roller coaster since early 2013.  Grin



1304. Post 7114128 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: seleme on June 03, 2014, 06:24:03 PM
People loaning money in bull markets never stop to amaze me.

I used to think that but although its risky to have money on an exchange I know a few people who loan on Finex but aren't too into BTC, where else can you get .5% per day !



1305. Post 7124058 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: calmindifference on June 04, 2014, 08:42:12 AM
It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.

To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic.




1306. Post 7124280 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: madmat on June 04, 2014, 09:00:01 AM
It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.

To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic.



Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users.

So!? You control the private keys, no ? If your relying on third party services to the point where an hour or so of down time has you running in circles and panicking then your doing it wrong. Even worse if your worried they're stealing your funds then why on earth use it in the first place. I just don't get this, Bitcoin has given us a way to not have to trust third parties and the first thing everyone wants to do is start giving their coins to third parties, when will people learn.



1307. Post 7124761 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: Xer0 on June 04, 2014, 09:24:53 AM
its about convenience.
not having to store dozen gigs of blockchain on your ssd. or keeping it in sync over a tiny limited data plan


Well if your willing to take that risk for convenience thats up to you, unfortunately securing your wealth isn't a matter of convenience. Its more convenient for me to store my cash under my bed but its far riskier than storing it in a bank even though its less convenient.

If the block chain is a problem use an SPV wallet. 18gb is nothing now days.


Quote from: madmat on June 04, 2014, 09:19:33 AM

I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down.

But thats their problem. What I said still stands, if your going to trust your coins to a third party know the risk you are taking and if you don't control the private keys yourself then your doing it wrong. The whole premise of Bitcoin is not trusting third parties. If you trust a third party whatever happens is your fault. It sounds harsh but learn to use what we've been given correctly and there are no problems. I mean its not like the site went black for days, it was an hour or so and people are freaking out. If they are managing their risk correctly they would not be freaking out. Unfortunately people are going to continue to get burnt until they learn.



1308. Post 7124829 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: calmindifference on June 04, 2014, 09:36:57 AM

I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down.

Exactly - and even if they did obtain their private keys, how many would find it straightforward to use bitcoin-qt.exe command line API or run the gauntlet with some other wallet app.

Then they should learn before using the tech. Many of the older Bitcoiners here spent ages learning about the tech, often months before buying coins. Now people don't even care about the tech and just jump in thinking they're getting rich quick.

Unfortunately in the beta stage of this project a certain amount of learning is necessary to secure your funds. Just because u cba to learn how to use it properly isn't going to stop your coins from disappearing. Granted companies such as circle will be making it easier as well as insuring your funds and then you can place a calculated trust in a third party



1309. Post 7125693 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: MahaRamana on June 04, 2014, 10:55:47 AM


You can use a third party like bitgo.com to secure your coins and nothing can happen to them, even if bitgo disappears. Convenience meets with security.

Yep but people aren't here flapping about bitgo are they Wink

Multisig addresses will become the norm in the future but Im waiting for a fully open sourced implementation to trust it.



1310. Post 7126067 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: ihaveaquestion on June 04, 2014, 11:39:53 AM


You can use a third party like bitgo.com to secure your coins and nothing can happen to them, even if bitgo disappears. Convenience meets with security.

Yep but people aren't here flapping about bitgo are they Wink

Multisig addresses will become the norm in the future but Im waiting for a fully open sourced implementation to trust it.
Already happened on Armory http://vimeo.com/96983886

lol I know Armory, it controls one of my luke warm wallets, we're talking about online wallets.



1311. Post 7126590 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: Xer0 on June 04, 2014, 11:51:42 AM
on hard drives maybe, but not ssds
and the trend is going inevitably to tablets/convertibles with fixed not user replaceable or expandable memory, every extra gig stll expensive as hell

$.60/GB is expensive as hell? Thats $12 to store the current block chain. Your telling me that your financial security isn't worth $12?

The tablets issue is more of a point but then use an SPV wallet! An spv wallet is secure and no third party trust is required (yes they can modify the blockchain, not sure why they would and it would quickly be noticed but you still control all the keys so they can't steal your funds).

Convenience and security in the Bitcoin world are pretty much mutually exclusive so its up to you which one you pick. One guarantees that your funds can not be stolen but may be less practical and one may be more convenient but exposes you to the risk of being robbed. I know which one people who still have all their coins choose.

Quote from: Xer0 on June 04, 2014, 11:51:42 AM

so unless you host a 24/7 running mini server for you wallet at home,
you hardly can avoid using spv or partially cloud hosted wallets

especially on mobile - most countries offer only small mobile data plans

Again then use an spv, infinitely better than a service that holds your keys or even worse holds your funds in the same place as everyone elses.

I'm not sure what your point with mobile data plans is. If your using an spv its not more of an issue than general data usage, unless your suggesting people are downloading the blockchain on their phone  Roll Eyes


Quote from: Xer0 on June 04, 2014, 11:51:42 AM
at least for our “pocket change“ wallet we need this third party services

Why do you ? What is wrong with thin clients that is better on a hosted service ?

I think your really conflating the points that were being discussed. Pocket change was not what the original conversation was about, it was about using blockchain.info as your main wallet or storing significant funds on it.

Pocket change is an amount that shouldn't bring people out flapping and hysterical about their funds because a site went down for an hour, thats the issue. Its obvious that there are many people who store all their coins on blockchain.info same as with Gox, my point is that if your going to do that don't be surprised if your funds disappear.  



1312. Post 7127494 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: ihaveaquestion on June 04, 2014, 01:13:04 PM

The big difference with LTC being that you know it will bounce back up.

Can I get one of those crystal balls too ? Seriously, what makes you know for a fact it will bounce back up ?



1313. Post 7128213 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: ihaveaquestion on June 04, 2014, 01:46:18 PM

The big difference with LTC being that you know it will bounce back up.

Can I get one of those crystal balls too ? Seriously, what makes you know for a fact it will bounce back up ?
I only believe that LTC is grossly overvalued whereas it brings nothing more to the table. I mean seriously, hedging against SHA-256 just in case Bitcoin would need a few days to change of hash function which is very unlikely, not to mention that even silly people finally understand faster confirmations are not a big deal, and anyway 2 minutes and half is now a lot compared to many shitcoins.
Besides, i believe Nxt is still very undervalued. It is just what my analysis tell me, not crystal balls.

eh, that just made no sense at all. You started off by saying you know LTC will bounce back and then in the next answer said it was grossly over valued and provides no additional value  Undecided  which one is it?!



1314. Post 7129758 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: aminorex on June 04, 2014, 03:11:01 PM
eh, that just made no sense at all. You started off by saying you know LTC will bounce back and then in the next answer said it was grossly over valued and provides no additional value  Undecided  which one is it?!

Why such difficulty with the concept of time?  It is a partial order of states, each related to the previous, in which the local states of successors deviate from the local states of predecessors in degrees bounded by the uncertainty of the fine-structure.

LTC is oversold, thus it will go up on a short time frame.  LTC adds no fundamental value, thus it will go down on a long time frame.



No problem with the concept of time, thanks.

In the context of what he said and the question I asked him his answer clearly didn't satisfy the question.

I asked him what makes him so sure it will bounce back up. His answer was then to explain its grossly over valued and brings nothing more to the table. No offer of an answer to the question of why is it guaranteed to bounce back. No time frames were mentioned at all. If you want to be pedantic you could say most coins bounce back but from where, to where and when are clearly the imperative factors.  



1315. Post 7131760 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

Quote from: ihaveaquestion on June 04, 2014, 04:59:55 PM

I am sorry if my words were misleading. My english is not so good. I believe Nxt is in an uptrend long term so like BTC you don't have to worry when it goes down because it will go way upper later. Whereas with LTC you do have to worry because in the end it will be way lower. LTC went constantly down for weeks now, and no i don't think it is oversold by now. I hope i made myself clear. Don't want to short LTC though because it is testing strong support. Holding BTC and Nxt makes much more money.

Ah okay that makes much more sense Smiley

I wouldn't short it either but it really wouldn't surprise me if it carried on its journey south!



1316. Post 7147234 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.50h):

How long have we waited brothers to see the 1 week macd turn green? Its been a long 6 months but we're on the cusp guys.



1317. Post 7149669 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.51h):

Quote from: ChrisML on June 05, 2014, 03:53:01 PM
Does anybody remember what happened on Nov 19th last year to make it swing from 755 to 378?

And in February... and April...

Does history repeats itself? Sometimes...

As I remember it was due to SilkRoad. Isn't?

Forgot about Silk.. ^true story

Silk Road was way before the 19th of November. First few days in October if I remember correctly. That was a good day Grin



1318. Post 7163857 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.51h):

Quote from: soullyG on June 06, 2014, 10:55:32 AM
Facebook have approved their first cryptocurrency tipping apps -

http://www.coindesk.com/facebook-approves-first-cryptocurrency-tipping-apps/

Quote
Lead developer Alejandro Caballero took to reddit to announce that the social networking giant had approved both his Doge Tipping App, which is restricted to dogecoin, and his Multicoin Tipping App, which got the official nod just this morning.

The latter allows 14 altcoins to be used to reward posts on Facebook in a very real sense, rather than merely giving them the standard ‘like’. The full list reads: dogecoin, digibytes, einsteinium, fedoracoin, mintcoin, reddcoin, quark, worldcoin, vertcoin, karmacoin, earthcoin, trollcoin, HTMLcoin and donationcoin.

Just need a Bitcoin tipbot now Roll Eyes

Very strange that coins like HTML coin would be included. Although in fairness there is a solution called quick coin or something similar.



1319. Post 7163918 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.51h):

Quote from: fred1111 on June 06, 2014, 11:30:59 AM
Whatever the direction this takes, it's going to be brutal

I personally don't think is will take a direction for a few days. Can easily see this consolidating until next week. Although we have been getting weekend pumps recently.



1320. Post 7228772 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.51h):

Cmon guys its 10 mins average, people don't start getting worried when we find 3-4 in 20 mins.

Surprised to see Bitfinex spike a good 12-13 above Stamp. Volume is becoming a little anemic but we entered this consolidation bullish so I think we should leave it that way too.



1321. Post 7228869 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.51h):

Quote from: sickpig on June 10, 2014, 09:21:01 AM
No block for 30 minutes.  Huh

Could it be we're starting to reach hashrate saturation?

what does "hashrate saturation" mean? (serious question)

I'd imagine he's talking about the hashrate getting to a level where its not profitable to mine. However people mine at a loss for a number of reasons so its almost impossible to relate to Bitcoin in this context.



1322. Post 7229001 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.51h):

Quote from: sickpig on June 10, 2014, 09:37:18 AM


got it. thanks.

I was thinking something more complex/strange.

I'd be interested to see if it is something else as I cant fathom how the hr can be saturated in a normal sense of the word, unless every hash of computing power from everywhere on earth is being used to mine Wink



1323. Post 7233926 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.51h):

Quote from: cbeast on June 10, 2014, 03:02:42 PM
It looks like 650 is the new 130.
Now. We. Wait.

Im thinking along these lines as well. Time to trade a some alts for a few weeks and see where this goes.



1324. Post 7234085 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.51h):

Quote from: keithers on June 10, 2014, 03:29:58 PM
Relatively uneventful weekend in the market, let's see what Monday has in store for us!

Its Tuesday today ?

Can i have some of what your smoking please  Grin



1325. Post 7234449 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.51h):

Quote from: hd060053 on June 10, 2014, 03:46:42 PM
why is since today bitfinex 10 $ higher than stamp ?

looks like stamp is dead. Or bitfinex is the new gox  Smiley

In all honesty with their probing KYC/AML it wouldn't surprise me to see new money heading to Finex, VoS etc.



1326. Post 7247046 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: jl2012 on June 11, 2014, 06:42:24 AM
Loaded Observer: https://bitcointalk.org/index.php?action=profile;u=73652

Loaded logged-in few days ago without leaving a word  Roll Eyes

(If you do not aware, he disappeared since the death of mtgox)

There was this other guy who wired in $50k just days before Gox filed bankruptcy.. never heard of him either.

That guy is back alive. I'm not quoting his name nor profile link for privacy reason

Meh everyone knows who he was but fair enough, he's in the Monero community so I have a fair bit of dealing with him, ran his exchange top notch just unfortunately its hard to get alt volume unless you list 1000 shit coins.



1327. Post 7248856 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

hmmm the constant price differential between Stamp and Finex is starting to become a bit of a concern...



1328. Post 7250220 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: Blitz­ on June 11, 2014, 12:43:58 PM
Bitstamp 631, Bitfinex 648, Huobi 648.

I think people are sending their fiat to other places than Stamp now. Even though its still the prefered trading platform for many, people don't want to take part in their KYC/AML. 



1329. Post 7250480 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: sickpig on June 11, 2014, 12:55:05 PM
Bitstamp 631, Bitfinex 648, Huobi 648.

I think people are sending their fiat to other places than Stamp now. Even though its still the prefered trading platform for many, people don't want to take part in their KYC/AML. 

Where?

I can think of kraken.com if you're euro based, but for dollars btc-e, coinbase? 

Finex VoS 

Finex makes sense as its so much higher.



1330. Post 7251238 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: sickpig on June 11, 2014, 01:39:24 PM


Did you mean bitfinex? Isn't it based on bitstamp (sort of) ?

Yeah Bitfinex, sort of. They used to rely heavily on Stamp but as time has gone on they use them less and less, at one point not so long ago they did say they were almost completely decoupled.



1331. Post 7267095 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Still no real explanation for Stamps lagging behind ? With the amount of USD longs on Finex I would have thought some people would have panicked and bought them back into line...



1332. Post 7267241 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: Cassius on June 12, 2014, 09:11:09 AM
Still no real explanation for Stamps lagging behind ? With the amount of USD longs on Finex I would have thought some people would have panicked and bought them back into line...

Rather than this suggesting Stamp's insolvency/Goxxery, it suggests that Stamp has temporarily become the go-to exchange for cashing out coins. People are buying/trading elsewhere and selling/withdrawing on Stamp. Curious. That suggests somewhere else is experiencing fiat withdrawal issues. Another round of Chinese games to come?
I don't think it says anything about their solvency, insolvency would normally cause people to get their coins out asap which would have the opposite effect. The explanation that its the go to cash out place could hold but why all of a sudden ? Somethings definitely brewing, would have thought someone would be arbing the gap as its been pretty constant.



1333. Post 7267715 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

*sigh, seems we have a new resident troll whos just going to tell us continually how we're going down, then disappear again when the price starts rising...



1334. Post 7269116 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: oda.krell on June 12, 2014, 10:38:21 AM
I don't think it says anything about their solvency, insolvency would normally cause people to get their coins out asap which would have the opposite effect. The explanation that its the go to cash out place could hold but why all of a sudden ? Somethings definitely brewing, would have thought someone would be arbing the gap as its been pretty constant.

Lack of people's memory can be astounding sometimes... Bitstamp has been the "cashing out" exchange since time immemorial. It has also been "the bearish exchange" since, forever. "Bearstamp" is not a term coined recently.

You're right: it's interesting to wonder what causes the renewed selling pressure/"cashing out" event currently (maybe insider knowledge from Chinese traders? I don't expect it, but it's possible). But in either case, the price gap in the current form is not a problem at all: if you want to liquidate coins in volume and get your money out fast and reliably (and you don't mind a bit of KYC anal probing Tongue), then Bitstamp has been the exchange to do so since more than a year now.

Yeah, my point was more why all of a sudden the difference due to being the cash out place rather than why all of a sudden is it the cash out place. That then leads directly onto your second point Wink

This suggests in the simplest explanation that for some reason over the last couple of days a largish amount of coins have been "cashed out". That is always interesting to speculate about. We all know as well that selling a large amount of coins != running off with the fiat never to return.



1335. Post 7269122 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: wachtwoord on June 12, 2014, 11:17:34 AM
Am i the only one that sees this as simply Finex decoupling from Stamp? Spread maxed at like $20 or like what 3%

Can they reconnect it please? Tongue

No please don't, my coins are worth more since I moved from Stamp  Tongue



1336. Post 7269354 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: Parazyd on June 12, 2014, 11:43:10 AM
Did Bitstamp go to 620 in the past few hour? I'm having some Internet issues and can't see.

yeah

Seriously? W00t. Then my order passed. Hello 20 BTC Smiley
If you were kidding, then I have no comment. Pure evil Cheesy

Depends what a few hours is, it hasn't passed $620 for 9 hours or around 3 am GMT.



1337. Post 7273510 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: oda.krell on June 12, 2014, 03:55:19 PM

Shock.

Gasp.

Re-test after rally!

$600 in sight

Agreed. $600 within reach (<12h).

Then: rally time to 650, maybe higher, touching 700?

Then then: falling back below 640, and eventually re-testing 530.


So say we all? So say we all! Cheesy

I wont lie, I've been remembering this prophecy every now since you said it and if it completes will be one of the best I've seen in a while. Well better than yeah at some point we're going down a bit  Grin



1338. Post 7280016 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Down Finex why wont you go as low as Stamp  Grin



1339. Post 7280058 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

What an over reaction though, its not that many coins and how many of the blocks are really gonna be insta sold.



1340. Post 7280558 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Such denial of the 1W MACD



1341. Post 7280829 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: podyx on June 12, 2014, 11:22:12 PM
Such denial of the 1W MACD

You might wanna check the 1W MACD denial early october of 2013

It might shake some sense in you kid

Chill your beans no need to get so angry you have no idea what my position is and I was making an observation. Relax.



1342. Post 7287255 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

I think its clutching at straws to try and relate this as directly similar to SR crash, enough people are saying it for it to possibly materialize to spark a rally but the sentiment and the way the market moved were very different at that time.



1343. Post 7287312 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: NewLiberty on June 13, 2014, 09:12:25 AM
Regarding silk road coins, if you had around $1.809.000 and bough BTC for it, would you sell them straight away? I don't think so. Anyone buying those coins will be longterm holders.
I have this notion (please correct me) that government auctions of other kinds of property, such as cars and houses, generally are closed well below the respective market prices.

It seems that the people who bid at government auctions usually include "professionals" who buy only to resell.  Those people place bids significantly below market price; if there are no higher bidders, they have made their day; otherwise they just retrieve their deposit and move on to the next auction.  People who are not "professionals" tend to be scared away by the bureaucratic requirements and the large deposit.

Since there will be some delay between sending the payment and receiving the coins, the bidders will also have to factor into their bids the likelihood of the market price falling in that interval and then taking months to recover.  

In summary, it is by no means assured that the auction will close above market. I rather expect the opposite.


The limited buyer group tends to insure that auctions go below market.
Unless these coins are more valuable than others.
The bigger the buying audience, the better the auction pricing and closer to market.

I agree but this is a very unique auction and a unique opportunity. Liquidity is king and its not very easy or safe to buy several thousand BTC on exchange or off exchange. On exchange is hard if you dont trust exchanges with a million of your dollars and off exchange is hard if you don't have the connections.

Property and vehicles that go in government auctions are a very regular occurrence and not widely advertised, in contrast this is known world wide and the first chance to get BTC in this "regulated" way. I can't see the coins going for too much below market price if at all. In fact one could argue that it could go above market price due to the chance at no slippage. However due to the way the bids are being done market price will vary a lot so there will be people not willing to put current market price bids in, in case the market tanks.



1344. Post 7288003 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Cool story bro.
Quote from: redjedievolution on June 13, 2014, 10:03:08 AM
I will change some of my btcs into ltcs to buy mooncoin, look at this buy support on cryptsy https://www.cryptsy.com/markets/view/145

Its surprising the amount of USD longs on Finex is still high and it hardly reduced at all despite a farily significant drop over the last few days.





1345. Post 7290158 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: redjedievolution on June 13, 2014, 12:49:22 PM
as i said, mooncoin on cryptsy is getting very hot, maybe this spike down affected altcoins. But there is a lot of bid support and eating ask.... https://www.cryptsy.com/markets/view/145


The coins so shit you can't even trade it against BTC its worth so little. Go away.



1346. Post 7292677 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: magicmexican on June 13, 2014, 03:30:48 PM
retest of 550?

very likely, at least a test of all the people shouting this is SR crash 2.0 which probably helped the quick bounce back.



1347. Post 7293130 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: Blitz­ on June 13, 2014, 03:58:38 PM
gmaxwell (Gregory Maxwell) is also a core dev and has expressed his concerns about the situation on Reddit: http://www.reddit.com/r/Bitcoin/comments/27lotn/people_dont_realize_how_serious_a_50_attack_is/ci27dpy

Yeah but gmaxwell just added his opinion, talking about selling coins and actual market decisions is a different story. Not that I don't think the whole situation is an issue it just reeks of market manipulation when someone in that position talks about selling 1000's of coins. Clearly its a free market and Im not saying it should be censored, just that somebody who's in such a privileged position should act with decorum and for the best of the community. As a respected developer his opinion should matter to the point where he doesn't have to talk about his actual market actions like he needs it to add weight to his point.



1348. Post 7293265 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.52h):

Quote from: Bitcoin_is_here_to_stay on June 13, 2014, 04:08:15 PM
gmaxwell (Gregory Maxwell) is also a core dev and has expressed his concerns about the situation on Reddit: http://www.reddit.com/r/Bitcoin/comments/27lotn/people_dont_realize_how_serious_a_50_attack_is/ci27dpy

Yeah but gmaxwell just added his opinion, talking about selling coins and actual market decisions is a different story. Not that I don't think the whole situation is an issue it just reeks of market manipulation when someone in that position talks about selling 1000's of coins. Clearly its a free market and Im not saying it should be censored, just that somebody who's in such a privileged position should act with decorum and for the best of the community. As a respected developer his opinion should matter to the point where he doesn't have to talk about his actual market actions like he needs it to add weight to his point.

He is trying to correct bigger evil, which is bitcoin effectively becoming GHashcoin.

You miss my point, I dont disagree with correcting bigger evil. I disagree with talking your market position while being in the position that he's in. His opinions, ideas and views should carry enough weight without him throwing around his book.



1349. Post 7308068 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.53h):

Quote from: ShroomsKit on June 14, 2014, 02:18:33 PM
Looks like China just banned Bitcoin.

Have you a source?



1350. Post 7339280 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.53h):

Quote from: Parazyd on June 16, 2014, 08:42:03 AM
Oh my God, look at this:
https://bitcointalk.org/index.php?topic=653693.0
https://nxtforum.org/news-and-announcements/incredible-opportunity!/

I can't believe people actually fell for this, but somehow I'm glad. This is what people get when dealing with scamcoins.

I dont understand what that has to do with nxt? If it was a hacker who took control of someones account they could do it with any coin ?



1351. Post 7340370 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.53h):

Quote from: TERA on June 16, 2014, 10:05:43 AM

It's just normal trading in a thin book area. People are buying and selling and some of the buyers don't really care about a 1% price premium. Not everyone is a daytrader.

 Shocked  What! I thought everyone was jointly day trading and manipulating the price, while banning China and drawing dinosaurs, you mean to tell me there's people who just want to buy some coins on a monday morning  Cheesy



1352. Post 7546200 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.55h):

I think it stands to reason that the price of at least some of the lots will be known even if there isnt an official announcement. Im sure someone who buys a lot will either already be in the bitcoin community or at least willing to speak to some sort of media.



1353. Post 7546663 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.55h):

Quote from: tarmi on June 27, 2014, 01:07:06 PM
I think it stands to reason that the price of at least some of the lots will be known even if there isnt an official announcement. Im sure someone who buys a lot will either already be in the bitcoin community or at least willing to speak to some sort of media.


without official announcement he can always brag and troll in front of the community and cameras of getting super-cheap coins for only 666.

but paying 200 $ instead.

I know I would do that.

Yeah course, but its not like anyone would just take someones word for it without at least some proof. I dont care either way, who does? Its just interesting to know and I reckon something will filter through.



1354. Post 7546742 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.55h):

Quote from: Torque on June 27, 2014, 01:08:37 PM
I think it stands to reason that the price of at least some of the lots will be known even if there isnt an official announcement. Im sure someone who buys a lot will either already be in the bitcoin community or at least willing to speak to some sort of media.

Supposition and ass talk

Thats like your opinion... This is a supposition / speculation forum so theres nothing wrong with you know suppositioning or speculating.



1355. Post 7547277 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.55h):

Quote from: tarmi on June 27, 2014, 01:34:06 PM


Yeah course, but its not like anyone would just take someones word for it without at least some proof. I dont care either way, who does? Its just interesting to know and I reckon something will filter through.


why not? if they believe trolls on bitcointalk, they will suck everything one troll gives them in front of the cameras.

Okay Ill rephrase it for you, Its not like I would just take someones word for it without some real proof. Like I said above I really don't care but its interesting to see what the price would be, especially as its a one shot kinda auction where you cant keep raising your bids.



1356. Post 7615554 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.56h):


Quote from: gimme_bottles on July 01, 2014, 07:11:24 AM
http://www.reddit.com/r/Bitcoin/comments/29jmd6/newegg_now_accepts_bitcoin/

Newegg accepting BTC!


Its amazing how a year or so ago news like this would have caused a buying frenzy, however at this point in BTC's life its just another marker on the road the to the moon  Grin



1357. Post 7616758 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.56h):

Quote from: magicmexican on July 01, 2014, 09:57:53 AM
I like 80%+ of Tera's posts.

There is no need to target everyone who doesnt think btc will hit 100k in the next week. Ever super bears do not bother me if they actually mean what they say, and not just posting crap for attention (aka some people we all know, no need to name them)

Agree but thing is with TERA, while she is indeed a good trader you cant help but think bullshit every time a movement happens and she claims to be on the right side of it despite being super the other way 5 mins before. Funny you mention the other one, he actually predicted $650 1st of July, scarily accurate.



1358. Post 7620255 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.56h):


Quote from: JorgeStolfi on July 01, 2014, 12:57:16 PM
Some vague information about the bid prices:

http://www.itweb.co.za/index.php?option=com_content&view=article&id=135754:SecondMarket-Pantera-outbid-in-Bitcoin-auction&catid=69
Pantera Capital CEO Dan Morehead told Reuters the firm was unable to purchase the Bitcoins because its bid was below the market price.  "The point is when this auction was announced, Bitcoin was trading at $634 and the general view was that the supply would take the price down," Morehead said.

https://www.finalternatives.com/node/27493
....The U.S. government auction created a tremendous amount of new demand for bitcoin,” Pantera’s Dan Morehead told The New York Times. “Most of the people we spoke to were new entrants to the bitcoin market. None of our bids were hit. I think it went at quite a high price.”...

http://dealbook.nytimes.com/2014/06/30/after-bitcoin-auction-winning-bidders-remain-elusive/?_php=true&_type=blogs&_php=true&_type=blogs&_r=1
Mr. Waters of CoinApex, who bid as an individual, appeared to send his bid using his cellphone while live on Bloomberg Television on Friday, but later confessed in an interview that he had forgotten to attach the bidding form to his email. He submitted his bid for one block of Bitcoins, at a price of $403 each, later on Friday afternoon. He, too, did not win

There is a thread about the auction results:
https://bitcointalk.org/index.php?topic=668635


Cheers for collecting those quotes. As I expected it seems that most the winning bids were at or above rough market price at the time of bidding, is there anyone here who seriously thought that they would go for significantly lower? Well, other than Mr Waters?

The amount of coins sold are but a drop in the ocean but the amount of bidders, bearing in mind this was pretty much a US only auction is nothing but encouraging. Onward we go...



1359. Post 7637501 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

Quote from: wachtwoord on July 02, 2014, 11:57:28 AM
Stop quoting Mervyn_Pumpkinhead please Smiley

it was better when people with many ignored had a bright orange ignore button. It was an indicator to show: "don't quote this person!" Tongue

aint that the truth. Puzzles me why they removed that, when I first joined the glowing ignores really helped me not take advice from trolls and also to not quote them either. Now it seems I spend half my time reading quotes from people I have on ignore for a reason.



1360. Post 7637815 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

Quote from: ImI on July 02, 2014, 12:18:11 PM

is there any date/timeline when the FBI plans to public the auction results???



I thought the situation was that bidders would be notified and then anyone is free to make an FOI request and there aren't many exemptions that I can see that would stop at least the sale price being revealed.



1361. Post 7639217 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

If they are being used to provide liquidity in emerging markets then they are not just being sold. There will likely be another $20mm invested on the other side to support the market as well. Lets not forget as well who Tim Draper is, he could lose those 30k BTC tommorow and laugh it off so were not going to see a quick arb or a panic sell.

If he manages to set up markets where at the moment it is difficult, although not impossible, to buy then that can only ever be a good thing.

It is however naive to suggest that all markets that may be interested in buying or using BTC at the moment can already do so with minimal hassle.



1362. Post 7639364 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

Quote from: KaTXi on July 02, 2014, 01:56:17 PM
Yes but over a long time period - not the next month and through the usual cause of business and probably through funding businesses that expand the bitcoin ecosystem. So there is absolutely no chance of 30,000 coins hitting  exchanges in one go, so the market no longer needs to fear the quick sale and profit turn. To me this is about as bullish an outcome as we could have hoped for.

Agree 100%. Just pointing that sooner or later 30000 BTCs that were outside the market for a year are now back. They can all be kept unused or unchanged but they are back.

And going to places where before there was little to no demand Wink

Also, most importantly let us not forget that ~3000BTC are being mined daily as it is. 30k is 9 days supply roughly. See how silly this suddenly there is 30k more BTC argument is?



1363. Post 7640292 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

Seems Mike Hearn and his Lighthouse project have scooped the main chunk of anarchystars $100k bounty.

http://www.reddit.com/r/Bitcoin/comments/29n8o0/100000_bounty_winner_announcement/


I think this is fantastic and a much better alternative to setting up a separate foundation to do essentially what the Bitcoin Foundation does now. This will wrestle the main power that the Bitcoin Foundation has (being the one who pays the devs) from them and hopefully make them more and more obsolete as time goes on.

A great example of how apolitical Bitcoin is.



1364. Post 7672509 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

Quote from: elebit on July 04, 2014, 11:52:34 AM
I understand that  the aim of that regulation does not extend to that.  It only forbids banks (not their customers) from buying, selling, or investing in bitcoins.

Which isn't uncalled for. Banks are backed by the nation states, one way or the other, and they have to have bounds for their risk taking.

Its just common sense isnt it. We've seen that bankers cant be trusted to not take insane risks with others money and the EBA is simply motioning towards making sure that digital currencies aren't one of the insane risks. The market doesn't seem to care that much as we've had the whole China fiasco to realise that its just to stop the banks themselves buying, selling and transacting. They cant stop the customers themselves, the difference is between this and China is its rather better communicated.



1365. Post 7673775 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

Quote from: Cassius on July 04, 2014, 01:25:16 PM
But seriously - the dumps and hesitancy to rise despite all the good news. There has got to be a limit to the amount sellers can sell (weak hands, strong hands argument).
So what is going on? Where are all the sellers coming from? Twitchy day-traders or early adopters with big stashes taking advantage of better liquidity?
Anyone have any insights, ideally backed up with some evidence like days destroyed or exchange data?

My thoughts always gravitate to it being mostly to do with people just making a bit of extra money but more importantly more coins.

There are very few investments where you aren't trying to come out with a bigger pile of fiat, in general when you trade a normal stock you tend to buy a position and then sell (or buy if you were short) and leave with the profit.

With Bitcoin however people are trying to make more of the 'stock' than fiat (obviously a generalization but can you draw any parallels?) a lot of people are also all in in terms of how much they are willing to invest, to make more BTC and not more fiat without leverage you have to sell and buy back at a lower price. I seriously think this is one of the reasons people are so willing to sell their BTC for the chance to buy it back lower even though the majority of them would have been better to buy and hold.



1366. Post 7676845 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

Quote from: aminorex on July 04, 2014, 05:01:05 PM
ye well, first it was China, then Russian, now EU.

USA is next ?

I welcome all government restrictions. Reminds people to not tell how many coins they have.


It is not likee they don't have the means to find out anyhow

Precisely why a completely anon currency will be so vital Wink



1367. Post 7715505 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

Quote from: stan.distortion on July 07, 2014, 10:08:45 AM
Note to bears. The market can remain optimistic longer than you can remain solvent Wink

Same with the bulls though, no Wink Market can remain pessimistic longer than you can remain solvent.



1368. Post 7715674 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

Quote from: stan.distortion on July 07, 2014, 10:19:52 AM
Note to bears. The market can remain optimistic longer than you can remain solvent Wink

Same with the bulls though, no Wink Market can remain pessimistic longer than you can remain solvent.

Infinite supply vs. limited supply.

Ai, but who can remain solvent long enough to test those bounds ? I gather we're talking about being leveraged as a bear can remain solvent for an infinite amount of time without it, as can the bulls but maybe less so due to borrowing fiat from other areas of their wealth.

Anyway there's a reason the saying goes "the market can remain irrational longer than you can remain solvent" and doesn't substitute irrational for pessimistic or optimistic.



1369. Post 7719798 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

Quote from: theonewhowaskazu on July 07, 2014, 03:45:54 PM
Is there something... wrong with bitfinex? I notice people were talking about how it might not be legit? I can't login, .

Ive just logged in fine.

In what sense can you not log in. Wrong password? Cant get to the login page ?



1370. Post 7719872 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.57h):

Quote from: theonewhowaskazu on July 07, 2014, 03:53:08 PM
Is there something... wrong with bitfinex? I notice people were talking about how it might not be legit? I can't login, .

Ive just logged in fine.

In what sense can you not log in. Wrong password? Cant get to the login page ?

Try to log in, says wrong password. Try password reset, says wrong email. Made a test account. Doesn't llook like you can change yur account email, so a hacker couldn't have done it. IDK wtf is going on, pretty worried.

You 100% you definitely are trying the correct email?

Email Gian Carlo, Im sure everything is fine, if you have 2fa and email withdrawal confirmations I wouldn't be too worried.

 giancarlo@bitfinex.com 



1371. Post 7731995 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: Miz4r on July 08, 2014, 08:32:55 AM
Guys and girls - this situation is going to resolve itself just like the situation in the 400s. We bounced around high to low and mid to low 400s for many weeks. Finally, there just were no more sellers. None. And once that happened, the bulls ran wild.

Well, that is what we are seeing again. No buying, but less and less selling. So unless sellers start selling more soon, then the selling will eventually slow to a crawl again. At that time, our only way forward will be up.

Now this could take another week or so or more - who knows - its all just "speculation" that we love.

But, me, I'm watching the sellers, not the buyers, for clues on how low this goes and where the local bottom really is.

Yeah I think there are just too many bulls expecting a bubble, can't go up when everyone is a bull unless there is a huge influx of new people getting into bitcoin. That's going to happen eventually but not as fast as people are thinking. Some impatient buyers have already sold and I see the number of bears increase again which is positive because we need them as fuel for the price to go up. Cheesy I don't expect a bubble any time soon but I do see 800-850 in the cards.

Do you really think everyone is bullish? Still feels like bear central around here compared to in a real bull market, when every thread is rockets and trains and people tell you they've maxed out credit cards and re mortgaged their house then I'd agree everyone is bullish. Im still not super bullish (leveraged long) but I've been all in (non leveraged) since around $450 my finger is far away from the sell button and like windjc Im waiting for the sellers to dry up again and my finger will be firmly pressing that long button (absent bad "news").



1372. Post 7733039 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: Dotto on July 08, 2014, 10:12:17 AM
Maybe newbish logic here, but to me it seems that bulls are not selling because they expect a price rise, so it drives the bubble, while bears expect the price go south, so they sell, drowning the potential bubble.

Why are you saying bears are needed to get the bubble inflate?

Well everyone can't be a bull otherwise we'd be at a million already Wink

Quote from: 600watt on July 08, 2014, 09:43:28 AM

there will be no bubble this summer. in september (or whenever etf gets approved) a steady bull run will start. it may lead into another bubble in q4. july and august will stay boring...

Pretty decisive statement, a couple of months is an age in Bitcoin land. Im actually thinking the murmurs of the next bull run are being heard and in retrospect we could be looking back with hindsight and saying the general 2014 bubble started at the end of May.



1373. Post 7737500 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: wachtwoord on July 08, 2014, 03:47:24 PM
Anyway, gotta say I'm still just waiting for blastoff. Maybe the whole ISIS thing is the catalyst where terrorist organizations across the world start to BUY BUY BUY as to not be left behind by the other terrorist organizations. I'm curious whether the terrorist organizations NSA, CIA and MI5 will buy along with the rest of them Wink

One and the same aren't they, perhaps it will be the governments of the world who will do the fiat to BTC transaction as isis etc would probably find it harder to get significant funds to exchanges. In fact, maybe thats why the French stole the customer funds from the exchange that got shut down yesterday... Wink



1374. Post 7749495 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: Asrael999 on July 09, 2014, 08:07:05 AM

Now what will Russia say? I wonder...
Nevertheless, it's a great thing, and 5000 places to buy isn't a small deal.

No but the Ukraine average annual salary is about $5000, so don't expect huge things

And the average Chinese salary was $2,100 in 2012. Average salary is such a vague measure to use to come to a conclusion that a new market won't have a net positive effect.




1375. Post 7749801 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: Asrael999 on July 09, 2014, 09:45:49 AM

Now what will Russia say? I wonder...
Nevertheless, it's a great thing, and 5000 places to buy isn't a small deal.

No but the Ukraine average annual salary is about $5000, so don't expect huge things

And the average Chinese salary was $2,100 in 2012. Average salary is such a vague measure to use to come to a conclusion that a new market won't have a net positive effect.


Get some facts right - the average Chinese Salary at the start of 2012 was CNY 42,452 - at the time USD 6,738
source
http://www.tradingeconomics.com/china/wages

and the population of the Ukraine is 1/30th that of China, 45million vs 1.35bn.

Fair enough I can't remember my source for the figure I had, regardless it doesn't tell you anything. If 80% of the Ukranian population bought bitcoins with 10% of their wages and 0.005% of Chinas polpulation bought coins with 1% what did what do you think would be the net outcome? My point about average wages being a completely vague figure to base any analysis on still stands.



1376. Post 7751806 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: EuroTrash on July 09, 2014, 12:42:25 PM
just sayin'

http://redditmetrics.com/r/bitcoin

Quote
Trending now! 2,292 new subscribers today, 1,429% trend score

 Shocked

(sorry for repetition)

No reason for it though, most are saying that its probably sock puppet accounts.



1377. Post 7752513 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: Richy_T on July 09, 2014, 01:35:10 PM

Interesting. I'm in the market for a new car and have the cash to do so. Will have to take a look.

Though  have never heard of this company at all in any manner.

Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.



1378. Post 7753641 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: bangersdad on July 09, 2014, 02:48:54 PM
The ISIS association was big news apparently.

The ISIS thing is a big thing in the MSM, there is something about it even in the smallest newspapers today.

Dont worry ISIS may not bother with bitcoin - as they now have their own ISIS coin listed on mintpal.

I dont see why ISIS is big news for the same reason as I always end up explaining when we get the money laundering, international drug dealer arguments.

Just look at the numbers in terms of liquidity, market cap,volatility and volume. What drug dealer, money launder or terrorist can operate at any significant figures in the BTC market? The head of ISIS is worth $1.2 billion even if he wanted to deal with $50mm in Bitcoin, where in the world can he buy that much at a spot price? Where can he then transact that and convert it back to $ in a timely manner and without loosing money ? If they want to use BTC as a store of value I dont mind that at all Smiley but for general terrorist transactions the market is nowhere near big enough.



1379. Post 7753752 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: Richy_T on July 09, 2014, 02:56:20 PM

Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.

Used. New cars are poor value.

Ai, someones gotta buy em though so the smarter ones amongst us have something to buy.

Although I do have to say there are some really good deals with new cars in the UK at the moment with 100,000 mile warranties, free insurance (Which for a young driver can save another Ģ1500) and 5 year 0% finance deals, still not enough to interest me but its slightly more understandable than it was a few years ago.



1380. Post 7753961 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: Richy_T on July 09, 2014, 03:08:28 PM

http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die

Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.

I've seen the article before and while it may be exaggerated I have seen first hand scenes like this. I visited the Rover Plant in Longbridge, Birmingham and there were always piles and piles of cars. As snopes suggests though this was a few years ago and the general automobile market has likely changed.

I have a friend who also works at the end of the line of a car manufacturing plant fixing the problems that vehicles that don't pass inspection have. He leads me to believe that sometimes if the defects the cars are manufactured with are numerous or serious enough its deemed un economical to repair and they end up in the same sort of place.



1381. Post 7754169 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: Leina on July 09, 2014, 03:28:34 PM


Why don't they sell these car at discount?

Because why would you buy this years model if you can get the previous model new for a decent discount?

Another reasons is laws are always changing, particularly in Europe and particularly in regards to emissions, it stands to reason that often the previous model doesn't meet the requirements to be registered.

The solution is just not to produce cars they can't sell in the first place rather than producing loads and not being able to sell them all.



1382. Post 7770241 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

They won't be cashed out to fiat I imagine, just mixed. Klee admitted his security was not up to scratch.



1383. Post 7784179 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: spooderman on July 11, 2014, 09:08:07 AM
morning bitcoiners. Stay strong!

Staying strong over here, only thing is the more jittery amongst us may not but they will learn.



1384. Post 7838401 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: Sandia on July 14, 2014, 12:26:47 PM
Bitfinex has reduced their margin leverage from 2.5X to 1.5X, effective July 21st.   Officially, this is because the btc used as margin deposit is also volatile.

Thats a shame, where else can you trade on margin ?



1385. Post 7838985 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: nby on July 14, 2014, 02:06:38 PM
Bitfinex has reduced their margin leverage from 2.5X to 1.5X, effective July 21st.   Officially, this is because the btc used as margin deposit is also volatile.

That's not entirely true.

This is what will happen starting from July 21st.


1st example

Current BTC price is 600 USD/BTC, and you have a leverage of 2.5:1

If you have 1 BTC, you can open a 1.5 max long or short BTCUSD position
If you have 600 USD, you can open a 2.5 max long or short BTCUSD position

Each dollar you add in your trading wallet will allow you to increase your tradable balance



The leverage will vary depending on the type of collateral.

While this is true I would wager that the vast majority of users are using BTC as collateral and not USD so will most likely apply to most.



1386. Post 7840283 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: Parazyd on July 14, 2014, 03:22:20 PM
We need a new poll:

Time for Wall Observer pt. 2 or continue the original?

Going for longest thread on the interwebsssss.

I dont see any reason to start a new one.



1387. Post 7840389 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.58h):

Quote from: aminorex on July 14, 2014, 03:35:39 PM
We need a new poll:

Time for Wall Observer pt. 2 or continue the original?

Going for longest thread on the interwebsssss.

I dont see any reason to start a new one.


Which is first, WO2 10k or BTC 10k?

WO2 for sure, Im pretty sure the next bubble pops before 10k Wink

Going on the posting rate if the price does something interesting in the near future this thread could be at 10k in three months.



1388. Post 7854784 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: ShroomsKit on July 15, 2014, 10:06:33 AM


I think he's right. I too think we will go down a lot soon.

Please sell Shroomsy that way you can prove to yourself what you spend the majority of your time ranting and raving about Wink

Your no fun when you say your gonna sell all the time, just do it...



1389. Post 7855216 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: ShroomsKit on July 15, 2014, 11:33:25 AM
I think he's right. I too think we will go down a lot soon.

Please sell Shroomsy that way you can prove to yourself what you spend the majority of your time ranting and raving about Wink

Your no fun when you say your gonna sell all the time, just do it...

Uhm wow. Not once, i repeat, not once have i even hinted at selling. I have no idea what you are talking about.

Take out the last line, I realise you havent said your actually going to sell. Stands to reason though if you think we're going to to go down a lot soon why wouldn't you.



1390. Post 7855586 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: ShroomsKit on July 15, 2014, 11:55:22 AM
I think he's right. I too think we will go down a lot soon.

Please sell Shroomsy that way you can prove to yourself what you spend the majority of your time ranting and raving about Wink

Your no fun when you say your gonna sell all the time, just do it...

Uhm wow. Not once, i repeat, not once have i even hinted at selling. I have no idea what you are talking about.

Take out the last line, I realise you havent said your actually going to sell. Stands to reason though if you think we're going to to go down a lot soon why wouldn't you.

Uhm because i don't trade? I believe Bitcoin will get big and i'm not gonna risk losing out by selling. I don't care about making a quick buck now. I already sold at 900 to get my investment back plus a bonus. I'm all or nothing now.

I know the answer really and you know Im just pulling your plonker, can see how bored we are...
Last sentance reminds me of BilllyJoeAllens epic post, speaking of which when was the last time anyone heard from him? Been missing since he sold at $4xx



1391. Post 7859544 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: jeezy on July 15, 2014, 04:11:12 PM

I guess a popular quote with 4 words would be in order for this.

Its okay, you can say it !


If this breaks and is ready then... bullish as fuck.



1392. Post 7872507 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

For anyone who doesn't follow alts, although two days ago was better, XMR is a solid buy at the moment. Some serious money going into it.



1393. Post 7872521 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: ask on July 16, 2014, 10:01:14 AM
Drop should start on 19h or 20th. And when Bitfinex starts executing its new rules on 21th we will have a perfect storm.

 Cool


Bitfinex on the 21st doesnt mean anything. People dont have to close their open positions, its just new ones that are affected.



1394. Post 7872570 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: DubFX on July 16, 2014, 10:04:11 AM
Drop should start on 19h or 20th. And when Bitfinex starts executing its new rules on 21th we will have a perfect storm.

 Cool


Bitfinex on the 21st doesnt mean anything. People dont have to close their open positions, its just new ones that are affected.
There are plenty of other better exchanges than bitfinex anyway so who cares.

Well, if it was actually going to happen (all positions closed) it would be a fairly substantial sell off, just look at the longs on fenix, so we shoudl care. The point is it doesn't matter because it doesn't effect current positions.



1395. Post 7872602 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: MoreFun on July 16, 2014, 10:05:01 AM
For anyone who doesn't follow alts, although two days ago was better, XMR is a solid buy at the moment. Some serious money going into it.

Monero looks like great new P&D coin and you are doing here just that Smiley

Thats exactly what its not due to the emmision curve etc. Im not pumpin Im saying its a solid buy due to the general trend being reversed, someone in this thread mentioned it to me months ago and thats what got me started in it so I was grateful for that. There are lots of people in XMR who don't normally buy any alts and its one of the first coins thats not based on Bitcoin. You don't have to be interested Smiley



1396. Post 7872896 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: DubFX on July 16, 2014, 10:29:40 AM
Drop should start on 19h or 20th. And when Bitfinex starts executing its new rules on 21th we will have a perfect storm.

 Cool


Bitfinex on the 21st doesnt mean anything. People dont have to close their open positions, its just new ones that are affected.
There are plenty of other better exchanges than bitfinex anyway so who cares.

Well, if it was actually going to happen (all positions closed) it would be a fairly substantial sell off, just look at the longs on fenix, so we shoudl care. The point is it doesn't matter because it doesn't effect current positions.
Someone already have stated it only aplies to new positions.

yeah me in the post you replied to...  Roll Eyes



1397. Post 7873696 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: NewLiberty on July 16, 2014, 11:38:59 AM
[snip]

Monero is actually a Very interesting innovation, but the BTC/USD thread is just not the place to discuss it.

I agree, I wasnt looking to discuss it. We're all speculators here so it was worth a small post, not like BTC/USD observing is all that goes on in here Smiley



1398. Post 7873919 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: seljo on July 16, 2014, 12:02:27 PM
Last few years bitcoin was closed for summer and this year some want us to think it will be different. I think this year will be like it was before low volume and low price until october and than we will see it rise again it's just my opinion I have nothing to back it up.
Just wanted to tap myself on the back.  Grin

There's a long time left of summer for self congratulation to be on the cards. Remind me again how long did it take from Silk Road crash to real bubble mania ? Wink



1399. Post 7874209 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: Gatekeeper on July 16, 2014, 12:22:16 PM
lol every exchange has minimal trading if you just decide to take out all the big trades lmao  Roll Eyes

New rules for discussing volumes;

Take out all trades above 500BTC as they are not real they are just manipulation buy and sells. No one could ever want to buy or sell that many coins  Roll Eyes



1400. Post 7876753 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: JorgeStolfi on July 16, 2014, 03:03:05 PM
Huobi has detached itself from OKCoin over the last few days.  They used to be only 2-3 yuan apart, recently Huobi has been 20 yuan lower or more.

Huobi's volume has been shrinking too; it was ~20 kBTC/day on average over the last week, only 12 kBTC yesterday (Jul/15) -- whereas in Feb/Mar it typically had more than 50 kBTC/day.  (Its record was 353 kBTC on Feb/25.)  Yesterday's was the lowest volume since the New Year holidays -- excuding the three days May 17--19, the lull just before the sudden start of the current mini-bubble.

OKCoin (which used to be a distant second place to Huobi, a few months ago) has been shrinking too, but not as much.  It has long surpassed Huobi and now has ~40 kBTC/day on average, 22 kBTC yesterday.

The shrinking of Huobi may perhaps be due to the opening of their Hong Kong exchange, BitVC.  AFAIK it only trades BTC against LTC, and is still invitation-only; presumably the largest Huobi clients were invited and are having fun at BitVC rather than Huobi.   Maybe some of them were OKCoin clients too.  If that is teh case, the transfer of BTC from Huobi to BitVC may also be the cause of the current mini-bubble.


What mini bubble is this? I sure dont see any bubbling at the moment.

Btw for your records BitVC is quite a good platform, been there for a day or so testing it out.



1401. Post 7876923 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: JorgeStolfi on July 16, 2014, 03:15:03 PM
What mini bubble is this? I sure dont see any bubbling at the moment.

Well, maybe it is not the right technical term. I mean the one that started on May/20, at ~450 USD/BTC, and is still going on.


Fair enough, my techincal term would be an increase in value but you know, whatever perspective you look at it from Wink

Quote from: dreamspark on July 16, 2014, 03:07:45 PM
Btw for your records BitVC is quite a good platform, been there for a day or so testing it out.
Quote from: JorgeStolfi on July 16, 2014, 03:15:03 PM
Thanks! Is it already open for general registration? Does is have other options besides BTC x LTC?

No, invite only currently though it doesn't seem too exclusive so an invite shouldn't be hard to find.

No, just CNY, BTC and LTC.



1402. Post 7894541 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: Torque on July 17, 2014, 03:18:56 PM
I'm shocked at just how few bought coins can move the market up $20 in an instant.  This is a really thinly traded market right now.

yep and the risks either side are clearly not worht it, I havent traded in a few days and laughed when we took yet another dip to bounce back to where we were.



1403. Post 7908289 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: bangersdad on July 18, 2014, 10:28:44 AM
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 doc he's probably quite an intelligent man and people who are rich stay rich for a reason. Even if you knew about BTC and thought it was a scam ponzi etc etc you would be an idiot not to buy enough to pay that bill and save yourself 150 quid lol.



1404. Post 7953299 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_12.59h):

Quote from: giveBTCpls on July 21, 2014, 02:35:06 PM
After the GOX collapse, anyone with fiat or Bitcoins on any exchange has balls of steel. Gox did a lot of harm, and it will take time to recover.

This is why we are seeing so little volume in general, no selling and no buying, sorry but no more bubbles until 2015...

True, but what could possibly happen in 2015 to change this? Are you implying we'll have a trusteable exchange? What constitutes a trusteable exchange? Of course anything is more trusteable than some manchild that used to play Magic the Gathering, but im just saying, what would the ideal scenareo be on there?

Low volume only bothers day traders though. If people are not keeping their coins on exchanges and are trading less in general then that doesn't bother me. The only thing that matters is how much someone is willing to pay. I dont care if we do 1mm BTC a day in volume or 5k if Im not a trader. Dont worry if/when another bubble happens it will happen regardless and when that time comes there will be no shortage of people flying money and coins into exchanges, but granted during these "down times" the voume is greatly reduced and GOX can be named as a contributing factor.

Lets remember though, counter party risk was among the reasons I first got interested in Bitcoin. The whole be your own bank and dont let the bankers gamble your money away. Therefore it stands to reason that I wouldnt keep coins/fiat on exchanges and it took an event like GOX to remind people of that. It could be argued then, that if you beleive this low volume is due to people not keeping coins on exchanges then this is a positive in regards to people understanding the fundamental principles of Bitcoin.

But as I said, I wouldn't fear as once the train moves for whatever reasons people will quickly forget about the lessons they learnt and will go back to day tarding, staring at the charts hoping for that $10 move so they can close their short and make 0.0001BTC Wink



1405. Post 7967210 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: Asrael999 on July 22, 2014, 11:01:15 AM
Hailo have started looking
http://www.coindesk.com/hailo-ceo-bitcoin-benefit-customers-taxi-drivers/

next uber

Nice buying interest on Stamp - who is going to dump into it

I note that bitfinex day has come and gone, next FUD please.

I didnt understand the Bitfinex FUD in the first place, it didnt apply to open orders, just new ones so how was that supposed to have caused a mass sell off?



1406. Post 7969247 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: 600watt on July 22, 2014, 12:54:09 PM
Like I said, we're not allowed to leave the 615-625 corridor as of now. Someone is paying attention, that we remain here forever. Was this dump just another dump from someone whou couldn't postpone it any further or have there been some news?


it was overdue...   at least once in 24 hrs...



Rubbish dump, not even $.5mm.

Said for weeks the bears are getting rubbish at this dumping business, they used to be much more effective.



1407. Post 7984460 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: bitcoinvest on July 23, 2014, 10:54:51 AM
and here it is: https://www.mtgox.com/img/pdf/20140723_report_en.pdf

another apology from Mark and almost nothing new from representative....

what a great day!

We got Goxed one more time!


what are your thoughts? mine is that the price is going up Smiley

hahaha i just love BTC!

Ive read that and have also been following the situation on the IRC channel. The whole thing is such a corporate mess from the way the bankruptcy trustee was speaking it doesn't sound like there will be any real conclusion for at least another 6-12 months.



1408. Post 7984735 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: empowering on July 23, 2014, 11:32:28 AM
and here it is: https://www.mtgox.com/img/pdf/20140723_report_en.pdf

another apology from Mark and almost nothing new from representative....

what a great day!

We got Goxed one more time!


what are your thoughts? mine is that the price is going up Smiley

hahaha i just love BTC!

Ive read that and have also been following the situation on the IRC channel. The whole thing is such a corporate mess from the way the bankruptcy trustee was speaking it doesn't sound like there will be any real conclusion for at least another 6-12 months.

I avoid IRC like I avoid the plague- would you mind giving a summary if you have time ? thanks

Long story short (really short);

Nothing much has changed, still no mention of BTC as its dissapearance is under investigation.
Bankruptcy trustee still open to someone buying the company.
Recovery of loans from other subsidaries or parent companies (Tibbane, Bitcoin cafe, Mark himself) are being carried out.
Creditors filing which was set in November likely to be pushed back even further with another creditors meeting in November.

Oh Mark said sorry again...



1409. Post 7991704 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: empowering on July 23, 2014, 07:40:10 PM
Nothing to do with the cycle, but eitherway this sideways cannot go on much longer - if we are still sideways come the 1-8th Aug - I will be shocked.
I have been shocked before so no biggie but just sayin'.

Talking of sideways - dats about how I am right around now - I think it might be the buckets of rum and coke flying around... f'kin love this place.


In Thailand by any chance?  Grin



1410. Post 8000761 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: Tzupy on July 24, 2014, 09:48:33 AM
The Chinese exchanges dump too, so it's not a local event.  Cheesy

Edit: funny that LTC is being dumped too.

Thats probably the least suprising thing at all  Grin

Still well within the recent range, expect the day tarders to buy this back up asap.



1411. Post 8001393 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: magicmexican on July 24, 2014, 11:32:54 AM
Maybe its finally time to convert all coins into ripple? It looks like its rising again. Is Mah87 alive? He must be exited.

No doubt if ripple returns to any sort of decent price he will return and tell us all how he traded the downtrend and subsequent reversal like a boss  Cool



1412. Post 8001775 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: magicmexican on July 24, 2014, 12:07:24 PM
Could the dumps be related to the ethereum ipo launch?

In what sense ?

I dont see how the two could be at all linked ?



1413. Post 8001951 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: wachtwoord on July 24, 2014, 12:09:12 PM
Could the dumps be related to the ethereum ipo launch?

In what sense ?

I dont see how the two could be at all linked ?

The IPO was paid in BTC. The recipient could be dumping them all on an exchange. Seems unlikely though.

Surely you could look at the wallet that the IPO funds were sent to ?



1414. Post 8002857 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Steady as she goes, wheeeee.

Could get interesting on Fenix, first real test of their longs in a while.



1415. Post 8017020 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: Dotto on July 25, 2014, 08:13:35 AM
Traps, traps everywhere

Just hodl, if you feel compelled to sell its probably too late Wink



1416. Post 8017046 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: 600watt on July 25, 2014, 08:53:09 AM
10 k dumped on stamp in 24 hrs, price goes down 20something $.

could be worse, actually

I agree with this, support hasnt particuarly thinned out and the market hasnt gone in to full on retarded dump mode.

The weekend could be a different story but for now all is holding up nicely.



1417. Post 8019319 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: bananaControl on July 25, 2014, 01:19:57 PM
Gd morning bitcoiners Smiley And fuck you ecuador. You seemed so progressive re drugs, and now this?
They banned crypto because they want to make their own, which means they know its potential.

It actually just means that they know it has some potential, but can't fully grasp the entire disruptiveness of the beast. If they actually did, they would know that they are now just pissing their own pants to keep warm.

Firstly I had to laugh that the person who replied to EvilPandas banana republic comment was bananaControl  Grin

I agree with the whole they can see its disruptivness as I think fiat currencies in places such as that are in an even worse state than in the went in some respects.



1418. Post 8020210 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.00h):

Quote from: Torque on July 25, 2014, 02:25:24 PM
MMitech is one of the most pathetic people on this board. Writes an article about how great Litecoin is...LOL. Now trolls everyone while price is dropping when he admits he just wants to make money himself. GTFO and go cry on your own.

No, now he's going on Litecointalk and posting doom about LTC, all the while promoting DRK.  Jesus dude, switch horses much?  This is how you kill personal credibility on forums.

post a link where I doomed LTC... be a man and do it.

Edit: in fact, post a link where I doomed any coin except Dogecoin.

That is how I interpreted your comments on Litecointalk, that you don't care about BTC or LTC anymore, that you'll just jump on the next altcoin/shitcoin bandwagon to try and make money on pump and dumps.  Here's EXACTLY what you said:

to be honest, I don't really give a shit about what coin will succeed as long as I have a piece of it, most will tell you that this is changing the world and this is changing the money as we know it but I tell you I am here to take profits and nothing more, should it be Bitcoin or Litecoin or Drkcoin that will suceed, hell it could be shitcoin... it doesnt matter as long as I am making profits

Explains his deep hatred for Risto then as he has made his profits. mmtech goes on about egos and giving the noobs bad trading advice and generally acting unethically yet he openly advertises how unethical he is and just wants to pump and dump a shit coin on those who may not know better just as long as he's making profits. What a nice chap.



1419. Post 8063798 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Only 2000 coins being sold caused this price drop, are we likely to recover or will we get some more panickers?

I think people are getting bored after this promised summer bubble and are now shutting down positions in anticipation of a slow market for a few months.



1420. Post 8067170 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Well the dumpers seem pretty sure we're going down but the asks really aren't filling in.



1421. Post 8068072 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: lay785 on July 28, 2014, 02:25:13 PM
What just happened?

Not sure if actual question but:

Guy is flashing 1.3k ask wall @ 577ish; someone decides to market order to $580, then ask wall comes back..
So hes flashing a wall to try get the price to go lower?

Yeah basically.

I bet chart buddy is gonna show an interesting chart next time, the depth is skewed like I havent seen in a while.



1422. Post 8068747 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: justusranvier on July 28, 2014, 03:05:21 PM
Seriously though, fixing this cost almost 3 BTC:

https://twitter.com/JustusRanvier/status/475740436192296960

Considering the future value of those coins, she's got to be the most expensive dog in history.

Holy shit that is awfull!

Hope your pooch is feeling better.

3BTC seems like a bargain for the sort of vet bills that could demand.



1423. Post 8069288 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: minerpumpkin on July 28, 2014, 03:36:06 PM
smells more and more like a bear trap.

108 BTC @ $581, let's hope this rebund doesn't turn into a full blown bull trap!  Tongue

Nope, that got dispatched fairly quickly.

Seems there is still plenty of selling pressure and the dumpers aren't done yet.



1424. Post 8083224 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: peligro on July 29, 2014, 11:33:00 AM
I thought it will start going up but not happened. Maybe there is yet another dip left.

I'd settle down if I was you, Im fairly sure we will see more dips from here. How long and how low are the questions.



1425. Post 8083973 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: spooderman on July 29, 2014, 12:12:27 PM
Wow discus fish looking to overtake Ghash soon!

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50% Wink



1426. Post 8085730 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: adamstgBit on July 29, 2014, 02:41:48 PM
I've been consistently wrong pretty much all year now.  Grin


Its to be expected from a bull in a bear market, your time will come again. I hope its soon



1427. Post 8086716 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: ensurance982 on July 29, 2014, 03:56:30 PM
Wow discus fish looking to overtake Ghash soon!

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50% Wink

I subscribe to this theory as well.  Catalyst to change coming.

ASICMiner supposedly also started mining with a farm of their own in mid-July again - https://bitcointalk.org/index.php?topic=99497.msg8079787#msg8079787. So there's gotta be some Hashpower coming from them as well. Discus Fish is some private Chinese pool, isn't it? It would make sense for Friedcat to mine there!

Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.



1428. Post 8086879 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: ensurance982 on July 29, 2014, 04:02:18 PM


Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.

Ah OK, wasn't sure. But 4% seems like a huge markup for a rather large mining operation like ASICMiner. Maybe they're better off solo-mining, then. Do you think they could have made a deal with Discus Fish for lower fees, though?

Yeah for sure, thats why the ASICminer angle has some credibilty, if your bringing petahashes of mining power they wont be charging you as high of a fee.

1% of $100 is better than 4% of $10 (crude example!)



1429. Post 8097787 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: Essex343 on July 30, 2014, 07:48:44 AM
So..... test of 550-560 incoming? Then maybe we go up? Just kinda hoping I don't have to sit through months of bear market. Undecided

Just step away from the charts and enjoy your summer, nothing to see here!



1430. Post 8097944 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: kurious on July 30, 2014, 08:53:20 AM
Anyone struggling to get onto Poloniex..?

They've been doing a domain name transfer and the dns is now propagating.

https://twitter.com/Poloniex



1431. Post 8098734 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: johnwest on July 30, 2014, 10:01:15 AM
So what do you guys think about the fact that the wall at 575 disappeared?

Someone finished selling his stash and does not need price support any more?

May be it's true, now we will going down, it was purposefully putted there.

I think we're going down for sure, how far ? Who knows. Where were are the significant points of resistance ?



1432. Post 8099900 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: fichtn12345 on July 30, 2014, 11:25:51 AM

hilarious. i know it is not the best place for this kind of advice, but if i was you i would rather focus on my education(school) than spamming this thread and wasting my time in hope that the value of the 2 btc that you claim to have goes to the moon

*facepalm.

You do realise he was joking...?




1433. Post 8100343 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.01h):

Quote from: barbs on July 30, 2014, 12:06:42 PM
From here : 8 million USD in bids to 270.
8 million USD in asks to 700

Now thats a pretty scary prospect. Such little liquidity for an $8billion market.



1434. Post 8115966 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.02h):

Quote from: mah87 on July 31, 2014, 08:34:38 AM
Ripple is releasing their first contracts implementation

http://codius.org/

It looks pretty sweet.

Good to have you back and convincing us to buy into the ripple fiasco.



1435. Post 8116113 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.02h):

Quote from: windjc on July 31, 2014, 08:22:43 AM
Argentina defaults.

An interest payment on debt that "vulture funds" bought at way less than face value in 2001. The experts dont think it will effect their economy like 2001. I dont think its fair for funds to have a country over a barrel like this.



1436. Post 8116453 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.02h):

Quote from: cro on July 31, 2014, 09:19:37 AM
To buy, or not to buy: that is the question.

If your not too sure just buy a percentage of what your willing to spend and then see if you are more confident in a day or so.



1437. Post 8116886 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.02h):

Quote from: deadley on July 31, 2014, 09:57:48 AM
To buy, or not to buy: that is the question.

Obviously we will go up from here. There was quite some selling going but the price simply desn't want to go lower. So up is the way we go!

Not too sure why you have changed your mind from Bear to Bull within hours just because we have seen a small rebound. To me this looks like another Bull trap before going lower...

Atleast it's good, he changed his mind according to market movement, otherwise emotional trading will be worst case of loosing money.

He just wanted to take the focus away from Jorge, shroomsy was getting very upset about the pages dedicated to him so decided to play the role of an emotional trader to get you all talking about him instead  Cheesy



1438. Post 8117124 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.02h):

Quote from: jeezy on July 31, 2014, 10:09:01 AM
So now that all Silkroad coins have been liquidated, can we keep on choo choo'ing to da moon please?  Tongue

That was just the coins held on the server, wait till they liquidate Ulbrichts stash  Wink



1439. Post 8117406 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.02h):

Quote from: Davyd05 on July 31, 2014, 12:35:13 AM
Best part is we chased Tera away, and I swear she was calling for this before she left. Shout out to TERA
Lol, shes always calling for going down but whenever we go up she just happened to change positions at the pivotal moment. I dont see people congratulating the perma bulls when we go up !  Cheesy



1440. Post 8118847 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.02h):

Wow Jorge sticking up for shroomsy Ive seen it all now.

I might go into cryo, wake me up when there's trains, rockets and shroomsy insulting Jorge...



1441. Post 9480397 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.30h):

Quote from: spooderman on November 08, 2014, 05:25:12 PM


I still don't have a clue


Removed the irrelevant bits.

I see your still getting on well with everyone Jorge  Cheesy



1442. Post 9496689 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.30h):

Quote from: elasticband on November 10, 2014, 12:11:02 PM
500-600$ by friday  Shocked

I don't think we're going anywhere near there by Friday. Just breaking $400 and staying there is step number 1.



1443. Post 9496707 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.30h):

And the wall moves up, I think this is gonna keep us bullish for a little while longer.



1444. Post 9499613 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.30h):

Quote from: Newbie1022 on November 10, 2014, 06:04:20 PM
Looking at the numbers, I think this s--- is going to drop like a brick any minute. Don't get me wrong, we might even eclipse $400... but this is probably a profit taking opportunity.

Why?

(1) Look at Darkcoin -- it went up at an incredible pace on the dark markets being seized, but now it is down 10% -- perhaps the dark market issue response is over or overblown at this point;

(2) Dollar swaps are actually starting to fall (very slightly);

(3) Shorts are through the roof (but are not yet reflected in the market depth because you can reserve BTCs for a short without putting them into direct action).

In a nutshell, good on you if you called this jump and made some money, but I'd suggest taking profits now and looking for the next pivot point.

NOTE: This review does not account for mythical creatures like unicorns nor does it account for news on the ETF front.

NOTE #2: I also wouldn't suggest opening a short at this point, either. There's still a good chance you could get burnt big time.

Dark got pumped due to the darknet market news, now it will go back down because it was a pump.

Shorts through the roof != a reason to go down, if anything its a reason to go up as they get squeezed. (I dont buy the not reflected in the price statement as most people dont reserve BTC before selling them they just carry out the trade and autolend, the interest rates dont change that much so whats the point of reserving)



1445. Post 9500359 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.30h):

Quote from: Walsoraj on November 10, 2014, 07:40:06 PM
Bitstamp criminals have only 3 days left to buy BTC and GTFO before money is seized.

https://www.facebook.com/Bitstamp/posts/670469009737035

Is it even possible to withdraw btc from unverified accounts?

It's not possible, therefore:

They can't withdraw fiat without supplying a bank account. It's less risky to fake ID and then simply withdraw BTC.

Or convert to fiat and hold on Stamp until inevitable crash in 3 days. Then buy cheap btc and withdraw.

folks people have known about this for 1 year now.  any half smart criminal would have done this long, long ago.  or like during that 30 day period last year when one could still withdraw without even providing an ID.

use your common sense ...

They knew that verification was required to withdraw and to avoid forfeiture?

Did they think Stamp were just gonna turn round at some point and be like "Ok, no verification required anymore"? How else do you get your usd or btc back without withdrawing?



1446. Post 9519221 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.30h):

Quote from: trade2winnn on November 12, 2014, 01:38:59 PM
I still feel like this is market noise -- that there is no real driver behind this event and that it won't pick up too much more steam... it'll hit a TA impasse and fall back down. One driver could be Russia, but that doesn't make sense because BTC-e is in the pits vis-ā-vis the other exchanges. It could be the dark market situation, but that also seems to have fizzled already on the alt-coin side. So, I think it's just a run for a runs sake. That doesn't, however, mean that it can't go on. It just means that it probably shouldn't.

market noise doesnt propel bitcorn 50usd in in a week... u must be kidding

Price jumped $50 USD in 10 minutes on the PayPal integration news... its u who must be kidding.

He called it bitcorn? He must be eating popcorn Cheesy

Or your new around here and don't get the joke...



1447. Post 9520251 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.30h):

Shorts are still increasing on Finex whereas longs have dipped slightly, outlooks still Bullish but breaking $420 and not forming a double top there is key.



1448. Post 9520890 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.30h):

Quote from: Wandererfromthenorth on November 12, 2014, 04:18:25 PM
Almost about to break the double top at huobi.

Shit's going quaezy!

Its gonna go crazy if it breaks on all exchanges, its through on huobi.

Its also short slaughtering time...



1449. Post 9520994 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.30h):

Quote from: Blitz­ on November 12, 2014, 04:28:20 PM
Shorts are closing Smiley
Shorts are actually adding, not closing. Weren't they 14k before? 15k now.

It's good fuel.

Imagine half of them closing at the same time , could get interesting



1450. Post 9521019 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.30h):

Quote from: spooderman on November 12, 2014, 04:29:54 PM
Shorts are closing Smiley
Shorts are actually adding, not closing. Weren't they 14k before? 15k now.

It's good fuel.

How does that work? (not sarcasm, genuinely interested)

Means shorts are increasing more coins lent out, if the price continues to rise and doesn't fall, these shorts will either close themselves or be forced closed and liquidated(ie the coins they were lent need to be bought back) . Same as when the longs increase during a price slump



1451. Post 9522012 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

This could get really interesting, on Finex longs have shot down and shorts have shot up. If this keeps going I can see $480 or so before a major pullback.



1452. Post 9522052 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Asks are super thin as well. 5k buy on Bitstamp takes it to $600



1453. Post 9522090 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: derpinheimer on November 12, 2014, 05:54:25 PM
Jesus Christ okcoin...


Asks are super thin as well. 5k buy on Bitstamp takes it to $600

If you ignore the tens of thousands of coins that will be sent to exchanges the next few days? Sure.



If your thinking in few day time scales indeed. In regards to how high this rally can go in the very short terms as a trader its something you shouldn't ignore.



1454. Post 9522156 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: Le Happy Merchant on November 12, 2014, 06:00:19 PM
So is this the short squeeze everyone has been predicting?

Add into that Okcoin "news" and Bitcoin Investment Trust soaking up around 7000BTC last night, yes.



1455. Post 9522315 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Nice Chinese bear trap...



1456. Post 9522547 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: Newbie1022 on November 12, 2014, 06:27:26 PM
Cmon, no fucking way we will not go down here..

Did you sell?

I closed a small bit of my long, Hoping that we hit 410 atleast

Yea, this s--- has gotten more than a little bit cartoonish at this point. Even the fiercest of hodlers wasn't saying... oh, we'll be at $450 today. Whoever just happened to have coins, good on you. But, this s--- is cartoonish.


Not rly its just what happens in a low liquidity market. Oh and people don't just happen to be holding coins.



1457. Post 9522576 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: dakota neat on November 12, 2014, 06:29:13 PM
The Alts also doing a good job  Cool

The alts are falling against BTC the board around, how is that a good job?



1458. Post 9523278 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):


Quote from: fonsie on November 12, 2014, 07:13:22 PM
Pfff, what is wrong with these dumpers, are they afraid that their coins would be worth more tomorrow... After every small pump they can't wait to dump. Why don't they wait untill bitcoin is 10,000$.

I'm out for good, bought at 430$, sold all at 414$, it's going nowhere but down. Good luck suckers, will be back after every 50$ price increase.


---------------------

Anybody willing to take a guess at who would say the above??  Grin
Hilarious, great trading ...



1459. Post 9523890 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: Newbie1022 on November 12, 2014, 08:19:52 PM
The lack of retracement is bullish as fuck! 500$ next Cool

Seems like Jorge finally ran out of coins to dump!  Shocked

Huh? We are over 5% down from the peak in China... the same peak on both exchanges... a nice round number (2750), too, that the bots reacted to. You really think it is going up more? I mean, f---, I didn't expect a 80 point eruption and that happened so educate me on this way of thinking.

We're about $6-$8 away from the peaks in the west, the initially retraction was quickly waved off and clearly people are still buying.



1460. Post 9526394 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: fabrizio123 on November 13, 2014, 12:42:02 AM
WTF is happening?HuhHuhHuh? china is crazy, i don't know what to do, and i need to sleep

If in doubt do nothing. All the clever people are sitting this one out, the ones who were even more clever got fully loaded $130 ago.



1461. Post 9531047 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: podyx on November 13, 2014, 12:11:51 PM
Has the bottom been reached?

The bottom was reached a month ago, all the intelligent people who don't stare at charts 24/7 or get bothered by $20 movements loaded up the boat then and are now sitting back with a cigar laughing at all the people trying to trade a market like this, myself included. Trading short term in a market like this is a gamble at best.



1462. Post 9535588 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

This is so much fun, havent traded like this in months. Gonna be a good Xmas this year  Smiley



1463. Post 9535629 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: JorgeStolfi on November 13, 2014, 08:20:25 PM
Maybe the problem is there is no clear explanation as market movements are mostly not based on news? Maybe looking at what happens and trying to puzzle out why it happened leads people to see causal links where there are none?

Indeed, news that are only relevant outside China (such as stores accepting bitcoin, the NY regulation process, etc.) seem to have no visible effect on the price.

On the other hand, most of the major price movements since last Decemer were obviously immediate reactions to events and news that were relevant to the Chinese traders: the PBoC decrees in December, the announcement by Mark of a "bug in bitcoin", the rumors and leaks of the PBoC circular in March, the passage of the 15 April deadline without the expected blockages, etc..

There were a few major moves without obvious cause, but it may be that there were causes (such as inside information) that we did not get to know.

To me, it is obvious that it is still the Chinese traders who define the price of bitcoin.  The lags between the exchanges during this last rally may not be proof, but are at least quite consistent with that claim.

I take it you still don't want a Bitcoin off me for Christmas just like last year Wink



1464. Post 9535867 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: rebuilder on November 13, 2014, 08:43:52 PM
Today is Thursday, the day the criminals had to leave Bitstamp or else have their funds seized. Completely forgot about that.
So is that why we were going up, or the reason we took a bit of a dive again?

C'mon people how many criminals do you seriously think took until the last second to get funds off stamp... Then how do you think that compares to the volume over the last couple of days. Permanent tin foil hats around here...



1465. Post 9535931 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

2k wall @410 on Finex



1466. Post 9535948 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: podyx on November 13, 2014, 08:55:06 PM
2k wall @410 on Finex

WOW! ...

Very weird move with China still taking off. Most likely an accumulation wall



1467. Post 9536012 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: grappa_barricata on November 13, 2014, 08:59:30 PM

Very weird move with China still taking off. Most likely an accumulation wall

It's an hammer (not in the candlestick sense). Take advantage and buy under it, now it is the time to go long with no much thinking.

I'd hold off the long... Now is not a time to trade



1468. Post 9536136 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Quote from: grappa_barricata on November 13, 2014, 09:09:31 PM
I'd hold off the long... Now is not a time to trade

Cmon... throw in some bids

Nah now is not the time plus I used up most my fiat reserves a month or so ago and am pretty much full BTC since then, only shorted last night cause it was so obvious Tongue



1469. Post 9536231 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.31h):

Well least we know the wall is real. Anybody got a spare mill or two ?



1470. Post 9581867 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.32h):

Quote from: Newbie1022 on November 18, 2014, 02:39:31 PM
Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).



If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.



1471. Post 9581927 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.32h):

Quote from: Walsoraj on November 18, 2014, 02:51:30 PM
Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).



If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.

And that they will later regret high bids.

Naturally if you use the one previous auction as the example. The point being even in the uncertain times back then, like now, your not going to win an auction $100 off the spot price.



1472. Post 9582073 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.32h):

Quote from: jonoiv on November 18, 2014, 03:10:42 PM
Will we see sub 380 again Huh

maybe briefly.  We have been going up (on average) for 8 weeks now, and come next Monday the 1 week macd should finally turn green.  

Anyone long term shorting will need to finally cut their losses and admit defeat or face liquidation.  

I dont think the one week MACD will be turning green next Monday Im afraid.



1473. Post 9582134 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.32h):

Quote from: jonoiv on November 18, 2014, 03:19:52 PM
Will we see sub 380 again Huh

maybe briefly.  We have been going up (on average) for 8 weeks now, and come next Monday the 1 week macd should finally turn green.  

Anyone long term shorting will need to finally cut their losses and admit defeat or face liquidation.  

I dont think the one week MACD will be turning green next Monday Im afraid.

Don't be afraid,  that's what they want you to feel.  That's what they feed on. 

I have no fear, Ive been long for a month or so Ive said that already, Im being realistic. A weekly candle closing around this price will not flip the MACD.



1474. Post 9582454 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.32h):

Quote from: Newbie1022 on November 18, 2014, 03:57:11 PM
Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).



If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.

And that they will later regret high bids.

Naturally if you use the one previous auction as the example. The point being even in the uncertain times back then, like now, your not going to win an auction $100 off the spot price.

Depends on how many investors and which investors subscribe... then let the game theory begin. I'd expect a bid below market price although, typically, an auction leads to an inflated price. Investors are likely to give more weight to the risks of having a lot of coins than the savings on the slippage. I mean, that's not an amount you can unload easy (and there is slippage on the way down, too). So, you save buying slippage, but you incur a lot of risk and downside slippage. I just don't see it.

There are numerous theories and all were discussed in detail before the last auction. The conclusion was lets wait and see and then we were shown that the auction winner was pretty much at market price. I'd lean towards that being the case this time.



1475. Post 9584352 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Quote from: Malin Keshar on November 18, 2014, 07:29:42 PM
Personally, I think if we break 2350 on huobi tonight there will be a huge rally.

People said that if we break 400 the way we broke last week, there would be a huge rally.

Nothing at the moment is rally signal.

In fairness when we broke 400 we had an almost 25% on top of that rally. Guess it depends on the definition of huge. Some of the early fellas would say 1000% is a small rally but people entering in the last year would say 25% is fairly large.



1476. Post 9584765 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Are we forgetting the reason Draper bought the coins? To provide liquidity in his other ventures. I'm fairly sure therefore that his sole interest was not to push the price up to then sell off his lots. He's worth a fortune and people like that have no interest in telling you what he paid for what etc.



1477. Post 9585177 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Anyone posted this yet?

http://www.bloomberg.com/news/2014-11-18/bitcoin-auction-winner-draper-to-bid-again-in-december.html

Everyone knows not to try low ball bids this time  Wink



1478. Post 9585249 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Quote from: LFC_Bitcoin on November 18, 2014, 09:03:39 PM
What's Tim Draper's estimated net worth?

I can't be arsed to google it.

About a billion, more than enough to not give a flying fuck if his current and possibly these coins went to $0.



1479. Post 9585260 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Quote from: Blitz­ on November 18, 2014, 09:02:49 PM
Anyone posted this yet?

http://www.bloomberg.com/news/2014-11-18/bitcoin-auction-winner-draper-to-bid-again-in-december.html

Everyone knows not to try low ball bids this time  Wink
Hahaha, Draper's averaging down.

haha, might as well not like he would miss a few million $'s



1480. Post 9585323 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

I think everyones forgetting that people like Draper have so much cash lying around dumping for a mill or two profit is a ridiculous move against the potential rewards for holding for a few years. Dont forget there are loads of people like him around as well.



1481. Post 9590508 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Quote from: hdbuck on November 19, 2014, 09:53:22 AM
arf, good ol times..

http://oneyearbitcoin.info/



Lol look at the amount the price was moving hour by hour a year ago;

2013-11-19 11:19 - $ 638.7

2013-11-19 12:19 - $ 560.07

2013-11-19 13:19 - $ 535

2013-11-19 14:19 - $ 540

2013-11-19 15:19 - $ 573




1482. Post 9591365 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Quote from: JorgeStolfi on November 19, 2014, 12:51:22 PM
Miners (businessmen who only sell) => SR (increasing velocity of money, increasing liquidity, decreasing scarcity/price) => FBI/USG (seizing all this liquidity and inducing supply shock by increasing scarcity) => Auction bidders (influential Silicon Valley Billionaires who now have an increased stake in Bitcoin the asset and not only Bitcoin companies)

This flow of money is bullish. I hope this happens until almost all the supply is in the hands of Tim Drapers and Winklevosses.
I have seen many claims that big miners sell directly to big buyers off-exchanges, I don't know whether that is true.

SilkRoad apparently was accumulating bitcoins; if so, they were reducing liquidity and velocity, and increasing scarcity.  In that case, the FBI seizure, by itself, did not affect the market -- it was a direct transfer from one hoarder to another.

Tim Draper is holding (so he says; although his coins moved recently, it seems).  Given his experience (~33% paper loss so far), the next auction winner may be a speculator who buys substantially below market to sell right away, possibly on the markets. 

Silkroad was accumulating Bitcoins ? What does that even mean ? Isn't that the idea of running a business?! Do you say of all other businesses that they are accumulating USD?

Drapers coins moved, but guess what. Thanks to the miracle that is the blockchain fudsters only need to click their mouse once and they can see that they have just been moved to another address. I can think of 101 reasons to do this.

Did you miss the article where he says he will bid again? I think your 100% wrong with the last assertion, if anything experience tells you that bidding below market just won't cut it if you want to win the coins.

33% paper loss is roughly $6 mill. Thats chump change to a billionaire. Especially one who has said again recently he still believes it could go to 10k.



1483. Post 9593046 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Quote from: bobabouey2 on November 19, 2014, 04:06:13 PM
You really think the FBI talked to DPR and discussed with him whether now would be a good time to sell? They sell now because they can, the FBI are no speculators and they certainly didn't ask for DPR's permission first.

Actually they did talk with Ross (not clear on whose initiative) and both agreeed to sell.  The FBI still cannot sell those coins on their own, it is not yet decided whether they belong to Ross or to SilkRoad.  If they belong to Ross, they would have to wait for the verdict on Ross's trial.

I stand corrected then, thanks. Smiley Still the point stands that Ross and the FBI aren't speculators, Ross probably agreed with it because even at the price today they are worth a hell of a lot more than when he got them so why not auction them off? It's unlikely Ross will be planning to get back into the SR business and BTC if he is declared innocent, he will probably be happy with just the cash without worrying about the volatility of Bitcoin.

They agreed back on January 27, 2014 to sell based on volatility risk.  "WHEREAS, the government and Ulbricht agree that, due to the volatile market for bitcoins, the Computer Hardware Bitcoins risk losing value during the pendency of the forfeiture proceedings;"  http://www.usmarshals.gov/assets/2014/dpr-bitcoins/order.pdf

Having agreed to permit government to sell back in January, the government no longer needs any further agreement from Ross to sell.  Same link:  "1. The United States and Ulbricht agree that the United States may, at its sole discretion, sell any portion or all of the Computer Hardware Bitcoin, on a date or dates and in a manner to be determined by the Government."

Exactly, this decision to sell the coins is solely from the US government not Ross.



1484. Post 9593127 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):


Quote from: JorgeStolfi on November 19, 2014, 01:57:34 PM
Well, one of those 101 is to transfer them to a new owner; another is to deposit them on an exchange...

And then why publicly say you still have them and are planning on bidding on the new lots...?

Quote from: JorgeStolfi on November 19, 2014, 01:57:34 PM
Most people who enter a commodity auction do not want to get the item at any cost, they want to make a good deal; which almost always means buying it below market price.

For the reason already stated, I strongly suspect that all the bets in the previous auction, including Draper's, were below the market price at the time (600$/BTC).  I expect that the same will happen in this auction.

See the posts from oda above about why, with proper reasoning applied, the coins probably didnt go for much below market if at all.

Quote from: JorgeStolfi on November 19, 2014, 01:57:34 PM
Billionaires do not become so by not minding the loss of 6 millions.

Any one who owns a few thousand BTC will say that it will surely go to the moon one day.

But they do become so by being able to withstand a paper loss and not panic and sell for a loss when if they would have held for longer they would have made $$$.

I just think its really quite funny to sit here talking about a $6 mill paper loss when even if half his prediction comes true we're talking about making $120 mill +. Im sure he can hold for a couple of years without worrying too much with returns like that. Some of these conversations will be gold in the future whether it goes to the moon or to 0.




1485. Post 9593434 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Quote from: octaft on November 19, 2014, 04:47:50 PM
I just think its really quite funny to sit here talking about a $6 mill paper loss when even if half his prediction comes true we're talking about making $120 mill +.

I doubt he believes his own prediction, but if he can get enough other people to believe it, he can sell to them at a higher price later, which let's face it is very likely all the guy cares about.

Um no actually, due to the fact he's invested in several Bitcoin businesses as well I don't think he's looking to pump the price and dump his coins tanking his other business interests.



1486. Post 9594674 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Quote from: billyjoeallen on November 19, 2014, 07:11:47 PM
The people who bough the seized bitcoins in the first auction in July when price was around $650 should double-down.  If they indeed want to cost-average down.

Those coins have prolly already been sold and part of the reason why we are trading at this level now.

Draper said in an article recently that he still has the coins and is likely to bid on this lot.



1487. Post 9594763 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Quote from: tarmi on November 19, 2014, 07:16:39 PM


a classic bitcointalk bull.

nobody knows for sure how much he did pay for his stash nor is he really hodling, but hey, 10 k is around the corner and he is investing heavy in some btc businesses.

I bet he already sodl for nice profit.

Dont act like I'm saying bitcoin's going to the moon because Draper, clearly thats idiotic. We're talking just about him.

Even if he did sell, all the coins are still in one place so someones holding the bag. Anyway we're talking about 30k coins which is less than 10 days supply hardly a humungous amount. BIT bought 21k in the last 3 weeks alone.



1488. Post 9601230 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Quote from: 8up on November 20, 2014, 11:44:56 AM
This is buying zone.  Wink

Not yet, there's no rush with the fact it looks like the bear market is still in tact. Save your fiat to defend the bottom.



1489. Post 9604370 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

One thing is for certain though, the bids are deeper than when we were here a couple of months ago which suggests a more positive perception from most people in regards to the market. Now, we clearly saw it was OKcoin and China that led the price spike last week and now it has fizzled to where we might have expected to be if we had had steady growth from the "bottom". China is now being bearish with this Huobi news and it wouldn't surprise me to see the western exchanges take the lead which theoretically could lead to a much more sustainable rise. OKcoin trading is a joke with no fees and 20X leverage its just a bunch of gamblers trying to out luck each other and should not be somewhere the market looks towards to dictate a market price.



1490. Post 9604573 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.33h):

Quote from: BitAddict on November 20, 2014, 05:52:22 PM
One thing is for certain though, the bids are deeper than when we were here a couple of months ago which suggests a more positive perception from most people in regards to the market. Now, we clearly saw it was OKcoin and China that led the price spike last week and now it has fizzled to where we might have expected to be if we had had steady growth from the "bottom". China is now being bearish with this Huobi news and it wouldn't surprise me to see the western exchanges take the lead which theoretically could lead to a much more sustainable rise. OKcoin trading is a joke with no fees and 20X leverage its just a bunch of gamblers trying to out luck each other and should not be somewhere the market looks towards to dictate a market price.

What happened in Huobi? I completely missed it :/

Nothing comfirmed but Jorge posted this earlier.

Quote from: JorgeStolfi on November 20, 2014, 12:26:29 PM
Scandal about Huobi's BitVC... or FUD planted by OKCoin?

Chinese article: http://www.btcbbs.com/forum.php?mod=viewthread&tid=25035&extra=
"火币网bitvc员工不得不说的惊人内幕"
"Huobi.com's bitvc employee reports amazing insider info"

English article based on it: http://www.bitell.com/t/2150
"We're Shocked!!! An Employee of Huobi BitVC Disclosed the Behind Story of His Working Platform, Huobi Co-founder Du Jun Claimed Huobi has Presented that to The Police"

Not sure what there is in it but would explain the small drop. More than likely some bear FUD.



1491. Post 9621927 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.34h):

Remember as well that while otc deals take place of coins into the thousands there are not many places you can go and buy 50,000 coins. There aren't that many people around to sell you that many.



1492. Post 9638980 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.34h):

Quote from: simmo77 on November 24, 2014, 11:12:08 AM
I did wonder why Jorge hasn't been posting here as much as usual, but then I found his Reddit profile - looks like he's too busy educating the heathens over at /r/bitcoin and hanging out with pals at /r/buttcoin Tongue

Wow, thats a lot of posts. Between Reddit and here and god knows where else, it's a wonder he has any time to do his academic work.

Speaking from experience, academic work won't bother you much after a 5 year cycle. Professors just copy paste after that. The good ones may extend the cycle up to the decade. That's it.

In your experience would it be frowned apon if it was being done during "work hours" or on campus? Do most profs have a pretty open schedule, do they have the licence to do pretty much whatever they want?


I did think it was funny that he hadnt accepted his tip!



1493. Post 9644803 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.35h):

Quote from: ShroomsKit on November 24, 2014, 10:11:12 PM
I dont understand, why would he sell his coins like this? Market dump 1.2k then put up wall to keep it down? Doesn't make any sense

It's the same group of people who just keep dumping. Over and over and over again. Month after month.
Their daily task is making sure Bitcoin goes down. It's their job. If we go up they dump in full force and put up a few walls to scare away the new buyers.
And as you can see from the last 5 uptrends that got killed them their tactic works.

Where do these people you speak of get their coins from then? Gotta buy em at some point...



1494. Post 9644961 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.35h):

Stamp is officially flipping out. Who knows whats going on over there.



1495. Post 9680369 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.35h):

Some big buys going on over on Finex.



1496. Post 9681824 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.35h):

I've also noticed that its the west that has been instigating more of the price action than usual. Big increase in volume in this bounce as well.



1497. Post 9681848 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.35h):

Weeeeeeeeeee


Wheres troll chop??



1498. Post 9682928 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

"The required retailer dump" I lol'd.

How many people do you think are sitting around saying the exact same thing, oh Ill wait till black friday and all the coins to be dumped and Ill buy $50 below where we are now. Same with the auction and people waiting to buy until after then. The market doesn't move like that, if it did all the idiots would make money.



1499. Post 9683076 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: Newbie1022 on November 28, 2014, 05:45:32 PM
Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?

Some. Remember how thin the order books are, too, in relation to the total number of BTCs held. Less than .1% of all Bitcoins being dumped by a retailer has a substantial impact on the price. Your argument isn't illogical, but it is incomplete.

So by your own logic is it not fair to say that the retailers probably aren't selling their coins into the open market and immediately after getting them. After all it has a substantial impact on price.



1500. Post 9683088 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: JimboToronto on November 28, 2014, 05:51:00 PM


I have no position right now. I am hoping it goes up to $400... I'll short when it settles down and starts to come down a bit on account of the required retailer dump.


Has there ever been a documented sighting of this dump taking place anywhere ever in human history?

Is Black Friday observed anywhere other than the USA? Is it really all that big of a thing?

Here in Canada we do boxing week between Xmas and New Year's Day. It spreads it out a little.

For some reason it seems the UK has adopted Americas retarded tradition. Cue my social media feeds being bombarded with videos of fighter shopping. Black friday is everything that is wrong with the world compressed into 1 day.



1501. Post 9683183 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: Newbie1022 on November 28, 2014, 06:02:30 PM

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.

Want a chance to put your money where your mouth is? 5BTC says we dont go to upper 200's within a week.



1502. Post 9683395 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: Newbie1022 on November 28, 2014, 06:20:02 PM

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.

Want a chance to put your money where your mouth is? 5BTC says we dont go to upper 200's within a week.

lol I'll give him 2 weeks on that. He's clearly stuck in a bad short and raging in the forum. I closed all my shorts in October when indicators suggested we were approaching a trend reversal. Since then longs have been working out very well.

$379.0741  $434.4529   -$2.16 -0.112%  -0.00  Daily    Close  Claim

Yea... seriously bad short... I really don't know what I'm going to do. Jack---

I'll probably just ride the price down and spend the next weeks and months mocking you while you lose all of your money, have your girlfriend or wife leave you, and proceed to live under a bridge somewhere mumbling some s--- to yourself about decentralization and how you don't want government regulation. Yea, I think that's probably what I'm going to proceed to do from here on out. Why? Because you all have been a total prick to me and you're all really stupid. Your IQs border on immeasurable.


$377.876  $474.4529   -$20.16 -0.112%  -0.00  Daily    Close  Claim

Yea... Dont mess with the pros... no one can just write numbers down.

Your so upset, I really dont understand why. If you cant take being trolled/insulted/told your wrong on the internet I feel for you IRL. 




1503. Post 9683435 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: podyx on November 28, 2014, 06:37:31 PM


Nope, just one guy who probably doesn't even have 20 BTC to his name trying to tell people with 100's that have already made their initial investment back several times that they're going to loose their life savings. Go figure  Huh 

He also seems to think that people only bought coins over the last few months therefore anyone bullish is in the red. Seems to forget some people are still bullish from when they bought in for $13  Grin



1504. Post 9683502 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: Newbie1022 on November 28, 2014, 06:43:06 PM


Nope, just one guy who probably doesn't even have 20 BTC to his name trying to tell people with 100's that have already made their initial investment back several times that they're going to loose their life savings. Go figure  Huh

I do not have 20 bitcoins to my name... or 100s... because I'm not a f---ing retard. I am shorting 31 BTCs right now. That is the opposite of owning BTCs.

Have fun losing all of the f---ing money.

Yep, people who bought 100 btc for $1300 which is currently worth Ģ37k, what a retarded move that was lol.

The reason your getting no air time is because there have been hundreds of people like you over the years, same old boring shit. YAWN.




1505. Post 9707985 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: Torque on December 01, 2014, 02:51:41 PM
Is this the quiet before or after the bloodbath?

That's the question.............

Lemme help some of you new guys out.  Whenever you see things like market price setting at a fake number like $399.99 379.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.

You're welcome.

I'm just gonna leave this little reminder in bold here again, for the third time...

Would still love to know what a "fake number" is.



1506. Post 9711981 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: criptix on December 01, 2014, 10:43:06 PM
what a deja vu, the same questions and discussions like back in june  Grin

Indeed, you could literally go back to this thread in June and all speculation regarding what will happen pre and post auction is there. Its like groundhog day  Cheesy



1507. Post 9727766 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: billyjoeallen on December 03, 2014, 12:50:06 PM

Their argument is that it's now $380 instead of $640??

Right, that's just fucking great logic.
If anything that will trigger more players to bid higher then the market price now when they got a chance to get it cheap.
Fucking broken logic, did a woman done came up with this? Cheesy

About the other 90k coins, we don't know what time these will go off on auction and the price could EASILY be more then $400 at that time

Teh Bitcoin has been pumping all week in preparation for this auction. The bit powers that be don't want them auction coins going too cheap. This is my theory

Volume tells the story. Price was drifting higher all week and may continue to do so, but without much enthusiasm. Volume has been tapering off. I'll consider myself lucky to get in a short position near $390 before the buying stops entirely. I'm happy the gov won't get much for their stolen coins.

Volume's tapered off as people wait for the auction to pass. Completely expected.

LOL, okay Citi says the coins are going to go for a steep discount, must sell all my coins, after all they are bitcoin experts  Roll Eyes  Everyone says f**k the banks they're slime balls only out for profit and their own means and then pays attention to things that they say, tis funny. Market price is discount, where else can you buy 1000's of coins with no slippage, without having to send millions to an exchange in the middle of nowhere...



1508. Post 9727917 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: coinableS on December 03, 2014, 02:03:18 PM
LOL, okay Citi says the coins are going to go for a steep discount, must sell all my coins, after all they are bitcoin experts  Roll Eyes 

Which thought is correct?

(a) They should go for somewhat of a discount because it's an auction, and they are buying in bulk.
OR
(b) They should go for a bit over the current price because one couldn't simply buy that large amount of coins regularly without causing major slippage.

If you go back this thread in June you'll see this discussed over and over again. Im going to quote oda here rather than writing lots of stuff out I hope he doesn't mind but it should give you an idea of what likely happened last time and theres not much to suggest it should be different.

Quote from: oda.krell on November 19, 2014, 02:09:00 PM
Tim Draper is holding (so he says; although his coins moved recently, it seems).  Given his experience (~33% paper loss so far), the next auction winner may be a speculator who buys substantially below market to sell right away, possibly on the markets. 

People (the bearish side of the forum, I mean) said exactly the same thing last time. That'd it be turned into arb profit right away (which was and is plausible, of course. iirc correctly, there was even a lady from some bank registered that *did* specialize in arb ^_^). Didn't work out that way. We don't know the exact price that the lots took in last time, but probably neither drastically above nor below market. Not drastically below, because one guy got them all, not drastically above, because the premium to get them all in one, counter party risk free lot is there, but probably not so large that it warrants, say, doubling market price.

All of the above holds this time again. Arb opportunity still exists, but requires getting the coins well below market. Will that happen? I strongly doubt it. Renewed volume across all exchanges, and several large buys of Secondmarket during the last weeks lead me to think the current price level is maybe not "stable" (nothing is ever stable in the banana republic of Bitcoin), but that it is at least as tempting to buy in at the current level than it was at the level during the previous auction, and probably more so.

Quote from: oda.krell on November 19, 2014, 02:41:52 PM
Not sure how you got from "two participants [going] on record [with] lowball offers" to anything meaningful.  If offers were made @$100 or even $20 per, would the statements be any different?

Lowball offer based on market price means market price times some value < 1.

The lower that value, the more arb profit. The closer that value to 1, the higher the chance you'll get a chance at arb profit.

If you think they submitted a $20 offers, sure, go ahead. I sure would have liked to see the meeting the bank lady had with her superiors afterwards. Cheesy

What wraps it up is that one participant outbid all other participants on all lots. The previous auction converged around market price at the time, that's all I'm saying. I don't care if it was market +5% or market -5%, but my point is, from references to on-exchange market price plus auction mechanics and one winner of all lots, "near market" is a pretty conservative conclusion. Harping on about how it probably went away for a fraction sounds more like wishful thinking to me, tbh.



1509. Post 9736628 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Someone is playing with 300btc wall on finex, price has climbed to it twice now and he's moved it a dollar up.



1510. Post 9739435 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: billyjoeallen on December 04, 2014, 04:39:03 PM
Six hour moving average just crossed. Even though I'm short, I really didn't expect it to go down so far so fast. I need a higher price so I can short some more.

So far so fast? Were $18 over the last five days. I used to enjoy your postings until you got crazy and missed the May run up. Sounds like much of the same talk now as then. Telling people they needed to sell now and help you defend the bottom etc. The fact that you think we need more people to loose money (the price going down) to attract new investors is just crazy. Investor - "That Bitcoin thing I was thinking about investing in just hit $100 down from an ATH of $1200, seems like a great investment to me" /s. Other than the fact your clearly trying to increase your stash I just don't understand where your coming from.

Quote from: billyjoeallen on December 04, 2014, 04:32:12 PM
The thing that worries me about hodlers (and I was one) is that you aren't going to have much money to help stop the crash because you didn't sell anything at the higher level.

The crash wouldn't even start if people didn't sell, hodlers selling to defend the bottom just increases the pace and depth of the drop (if there is one) scaring even more investors away.



1511. Post 9739934 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: shanecoins on December 04, 2014, 05:34:44 PM
http://hereisthecity.com/en-gb/2014/12/04/almost-300m-in-bitcoin-spent-during-black-friday-and-cyber-monda/      well some genuine positive news


Thats the most misleading article Ive ever seen. That's the total transaction volume across the whole of the network which != bitcoins spent. Particularly not spent in direct relation to black friday or cyper monday which the article is trying to suggest.



1512. Post 9740424 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: billyjoeallen on December 04, 2014, 06:11:43 PM


I did miss the runup, but I missed the crash back down also. Obviously I'll get another crack at it and so will everyone else who didn't fall for that bull trap.

Look, I'm still a long term bull, but You gotta admit that the near term momentum is down and this way I'll have more fiat to shore up support. What scares investers away (as opposed to traders) is volatility. We have failed to punish volatility sufficiently. To do that we need to sell when the price goes up as well as buy when it goes down.

Putting a personal spin on your point of view of selling high and defending the bottom, I sold a chunk during that run, not particularly close to the top but I put that fiat to good use defending sub $300, since then all Ive seen is higher lows and a feeling we have seen the bottom.

In regards to this momentum I completely agree but expected nothing less in the middle of an auction for 50k coins, everyones just looking at each other to make a move. The fact that there was a big dump on stamp and it didn't send us tumbling down, to me demonstrates at least some confidence.

I guess the issue really is that you see this as selling after the price has gone up but for me $275 to $375 over the course of two months doesn't fit into that category.  I certainly dont feel the need to trade this super low volume which I view as due to the auction rather than any normal TA reasoning. Time will tell as always I just personally think its not a great spot to be selling or buying really for that matter.



1513. Post 9740966 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.36h):

Quote from: billyjoeallen on December 04, 2014, 07:25:50 PM

You should try it. The swap rate is very attractive. I'm only paying $0.25/day to borrow 50 coins. I can afford to wait and see how this plays out.

The swap rate is attractive, not quite as nice as watching that P/L $ figure sink $50 further into the red for every dollar the market climbs  Grin



1514. Post 9743302 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.37h):

Quote from: ShroomsKit on December 04, 2014, 11:45:39 PM
I see the traders are acting like the usual morons again.

Bitcoin traders are some of the dumbest people on the internet.




1515. Post 9748506 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.37h):

There's a fairly sizable hidden wall at $376 on Finex.



1516. Post 9748769 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.37h):

Quote from: bitebits on December 05, 2014, 03:21:44 PM
Bidding closed for US Marshals #Bitcoin auction.  Pantera placed bids below the market.  Results out tomorrow by 2pm PST.  Probably earlier.


https://twitter.com/dan_pantera/status/540669052797341696

I wonder why they would tweet this. If Pantera does get the bitcoins, this tweet would hurt them. The bitcoin price is likely to take a dive as a panic reaction.

Why do I have the feeling that the next tweet is going to be: "Pantera did not get any coins". You can guess the outcome.

True but at least Pantera aren't going to dump it on the market. The biggest worry for everyone is an unknown winning a lot of or all of the coins. If a group such as Pantera won even if they say they paid lower than market price the market is unlikely to have too much of an adverse reaction.



1517. Post 9817171 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.39h):

Quote from: BitAddict on December 12, 2014, 11:36:56 AM


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.



1518. Post 9819192 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.39h):

Shorts are the highest they've been for a while on Finex. Longs have come down a bit but still a large amount of borrowed USD.



1519. Post 10231971 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.51h):

Quote from: Elwar on January 21, 2015, 08:28:08 PM
$2.3 million to $1,000 on Stamp.

That's the lowest I've seen since the price was over $750.

Something's happening.

Nothing to do with a loss of confidence in stamp and so less people keeping their coins there at all let alone keeping them there as asks?



1520. Post 10247770 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: Feri22 on January 24, 2015, 03:00:09 PM
Guys why are you shouting MOON when we have moved few dollars up?  Grin i am missing the days when MOON and CCMF actually meant something  Smiley

Think in percentages for the traders who bought anything around 180.



1521. Post 10247993 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

I'd expect things to get sticky around here. However come Monday its going to be the first lot of fiat on the exchanges since before Christmas for a lot of people.



1522. Post 10248052 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: LFC_Bitcoin on January 24, 2015, 03:32:46 PM
I'd expect things to get sticky around here. However come Monday its going to be the first lot of fiat on the exchanges since before Christmas for a lot of people.

We're going to have a big price jump towards the end of the month / early Feb.
A lot of people are all spent out from Xmas.
Wait until their next pay day.
Up we go.

CCMF.

For many people this is the first pay day after being spent out. Most gifts etc are paid for with Novembers pay and then going out and spending over xmas comes out of the pay packet just before xmas day . This pay just received by many is their first with money to spare for a couple of months.



1523. Post 10249323 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

There has to be some seriously nervous shorters around, the big buys havent even started yet if this is going to be a full blown rally.



1524. Post 10255291 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Stamps asks are so thin. Just a few thousand coins and there's no resistance at all.



1525. Post 10255713 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: kodtycoon on January 25, 2015, 03:04:18 PM
Stamps asks are so thin. Just a few thousand coins and there's no resistance at all.

a huge amount of volume has moved away from stamp so thats understandable.. whats the bid/ask ratio?

48,521.63 BTC
Whole bid volume

6,263.05 BTC
Whole ask volume

In other words you could by every coin on stamp for $1.5 mil



1526. Post 10255748 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: kodtycoon on January 25, 2015, 03:30:48 PM
Stamps asks are so thin. Just a few thousand coins and there's no resistance at all.

a huge amount of volume has moved away from stamp so thats understandable.. whats the bid/ask ratio?

48,521.63 BTC
Whole bid volume

6,263.05 BTC
Whole ask volume

In other words you could by every coin on stamp for $1.5 mil

ok that looks good.. Smiley

how does that compare to other exchanges?

http://www.cryptocoincharts.info/pair/btc/usd/bitstamp/10-days



1527. Post 10256777 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: mmitech on January 25, 2015, 03:52:48 PM


BTW, do you see this ? this means no sane person would leave his Bitcoin on exchanges anymore, even if it is for the sake of open limited sell orders.... I am sure that once the price goes up to peoples expectation they will start sending coins to exchanges and executing market sell orders.

the chart is from Bitstamp.






and this is from Bitfinex.






Conclusion: people are starting to learn how to take care of their coins, and the Ask side doesn't mean that much to me, but the Bid side is important because it represents the Fiat sitting waiting to be filled... so the Bid ask ratio that people usually show here is useless IMO.

Agree but the same goes for people and their fiat, not trusting an exchange with your assets applies to both fiat and BTC. You could reword your conclusion as people are starting to learn to not trust third parties with their assets, therefore ask side and bid side doesn't mean much to me . However ask side is more important as it represents BTC waiting to be sold....

Whats the difference? The only real argument is that you can send btc to an exchange in an hour but may have to wait 24 for your fiat.



1528. Post 10257502 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: Richy_T on January 25, 2015, 06:29:58 PM

Whats the difference? The only real argument is that you can send btc to an exchange in an hour but may have to wait 24 for your fiat.

Don't forget bank fees. And 24 hours can be optimistic. Fiat is just a PITA, honestly.

Guess it depends where you are. SEPA is often on stamp within a few hours. Fees yes but would you leave fiat in a place you don't trust just because of a few $'s in fees?



1529. Post 10257583 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: pjviitas on January 25, 2015, 06:43:03 PM
Not getting back in until I see 3 successive green candles on the 1w charts.

Obviously I won't get in at the bottom but it will at least be on the way up.

If you did that back in June you would have bought at the top.

Ummm...no...I would have bought at $450.76

eh? On what date was the price $450 AFTER three green 1w candles?



1530. Post 10257665 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: phoenix1 on January 25, 2015, 06:49:20 PM
Not getting back in until I see 3 successive green candles on the 1w charts.

Obviously I won't get in at the bottom but it will at least be on the way up.

If you did that back in June you would have bought at the top.

Ummm...no...I would have bought at $450.76

eh? On what date was the price $450 AFTER three green 1w candles?

Check Stamp and BTC-e  Wink

Fair enough, still that middle green candle was a red one on Huobi, Finex and OKcoin which are far and away the market leaders in comparison to Stamp and BTC-e. Therefore which would you base a trade on if your looking for three 1w green candles.



1531. Post 10259285 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: JorgeStolfi on January 25, 2015, 09:56:30 PM
First U.S. Bitcoin Exchange Set to Open
Coinbase Has Backing From the NYSE, Banks and Venture Capitalists
http://www.wsj.com/articles/first-u-s-bitcoin-exchange-set-to-open-1422221641

Is this their lunar announcement ?



1532. Post 10259330 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: gentlemand on January 25, 2015, 09:58:46 PM
First U.S. Bitcoin Exchange Set to Open
Coinbase Has Backing From the NYSE, Banks and Venture Capitalists
http://www.wsj.com/articles/first-u-s-bitcoin-exchange-set-to-open-1422221641

Is this their lunar announcement ?

It's big enough for me.

Yer, add to the the Winklevoss have planned a talk just after the lunar announcement was due to be made. Tommorow could be interesting.

Does this mean that someone inside coinbase sold the story to the wsj?



1533. Post 10259365 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

So, sell the news then people?



1534. Post 10259428 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: nakaone on January 25, 2015, 10:12:05 PM
First U.S. Bitcoin Exchange Set to Open
Coinbase Has Backing From the NYSE, Banks and Venture Capitalists
http://www.wsj.com/articles/first-u-s-bitcoin-exchange-set-to-open-1422221641

Is this their lunar announcement ?

It's big enough for me.

can someone post the whole article here

First U.S. Bitcoin Exchange Set to Open Coinbase Has Backing From the NYSE, Banks and Venture Capitalists

By GREG BENSINGER

Jan. 25, 2015 4:34 p.m. ET

The virtual currency bitcoin is getting a very real boost on Monday, with the opening of the first licensed U.S. exchange.

Coinbase Inc., a startup backed by $106 million from the New York Stock Exchange, banks and venture-capital firms, said its exchange will offer greater security for individuals and institutions to trade bitcoin and monitor real-time pricing of the cryptocurrency.

The exchange could bring needed legitimacy to the currency, which isn’t backed by a central government and is traded over virtual exchanges, primarily overseas. Coinbase said it has insurance, offering traders some assurance that their money won’t disappear.

Bitcoin enthusiasts have been buffeted by the collapse of Japan-based exchange Mt. Gox last year—taking with it around half a billion dollars of investors’ money—and a security breach earlier this month at Slovenia-based exchange Bitstamp. The value of a bitcoin itself, determined by trading on existing exchanges, has fallen to about $240, from a peak in late 2013 of more than $1,200.

“To have an organized exchange that has the backing of thoughtful venture capitalists and investors addresses one of the main problems with bitcoin: its extreme volatility,” said Campbell R. Harvey, a Duke University finance professor who has studied cryptocurrencies. “Bitcoin has been sorely in need of something like this.”

Coinbase’s founders say they have been working for five months to win licenses from state financial regulators. They have regulatory approval in half of U.S. states, including large population centers like New York and California. For now, Coinbase can do business with account holders only in states where it has approval.

Coinbase will take a small percentage—likely less than 1%—of most transactions, said Fred Ehrsam, 26 years old, a co-founder. The exchange will initially be limited to users in the U.S., but Chief Executive Brian Armstrong, 32, said he plans to expand overseas.

Mr. Armstrong said he expected to attract both individuals and businesses looking to trade bitcoin. “Our goal is to become the world’s largest exchange,” he said.

Others are looking to open U.S.-based bitcoin exchanges, including Tyler and Cameron Winklevoss, the twin brothers known for their early feuds with Facebook Inc. founder Mark Zuckerberg .

Financial regulators, including the U.S. Federal Reserve, have been scrutinizing bitcoin recently. Benjamin Lawsky , the superintendent of the New York State Department of Financial Services, is working on a so-called BitLicense for firms looking to offer digital-currency services in the state; Coinbase is operating under earlier regulations. Mr. Lawsky’s plan is seen as a template for legislation in other jurisdictions, and it may give outsiders more confidence in the currency.

Bitcoins are created using high-powered computers that “mine” for the currency by solving complex mathematical equations. They are exchanged digitally either for currency, or goods and services. Ownership and transactions are recorded, anonymously, in a so-called blockchain, which backers say reduces the risk of fraud.

Bitcoin grew to prominence in recent years in part because of the ease with which it can be transferred.

Coindesk, which tracks the price of bitcoins, says 82,000 businesses accept the currency, double that of a year earlier, including e-commerce site Overstock.com Inc. and Expedia Inc., as well as many small retailers. The value of all bitcoin is $3.2 billion, according to Coindesk’s price index.

The NYSE invested in Coinbase during a $75 million round of fundraising that closed this month. Other investors include USAA Bank, the venture arm of Spain’s Banco Bilbao Vizcaya Argentaria SA, former Citigroup Inc. CEO Vikram Pandit and former Thomson Reuters Corp. CEO Tom Glocer. Venture backers include Draper Fisher Jurvetson, Andreessen Horowitz and Union Square Ventures.

The NYSE’s investment was intended in part to “keep an eye on bitcoin as it matures as a legitimate currency,” President Tom Farley said. “Any currency relies on its acceptance.” The Coinbase exchange “is an important step for the currency to become socially acceptable.”

Coinbase counts about 2.2 million consumer wallets and nearly 40,000 merchants that use its services. The company has about 75 employees and plans to operate in 30 countries by year-end, up from 19 today.



1535. Post 10259438 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Perfect timing as well after the Stamp hack and people general lack of confidence in exchanges. One of the true barriers to bitcoin has been the back room exchanges constantly fucking up.



1536. Post 10259956 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: lay785 on January 25, 2015, 11:08:51 PM
can anyone think as to what advantages bitstamp and bitfinex will have if fully insured and regulated exchanges open?

Is it that they will have less regulation so to speak and this itself will be an advantage?

Well Stamp is likely to slip further into a coma but Bitfinex will be fine, regulated exchanges wont offer margin. However with the exchange supposedly being insured general buying and selling is likely to move to more regulated avenues.



1537. Post 10260039 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: gotmilk_ on January 25, 2015, 11:18:27 PM
can anyone think as to what advantages bitstamp and bitfinex will have if fully insured and regulated exchanges open?

Is it that they will have less regulation so to speak and this itself will be an advantage?

Well Stamp is likely to slip further into a coma but Bitfinex will be fine, regulated exchanges wont offer margin. However with the exchange supposedly being insured general buying and selling is likely to move to more regulated avenues.

Stamp has Pantera on his side... So it will probably stay around for a long time  Wink

Slip further into a coma implies it will still be around but a graveyard in comparison to when they were one of the biggest exchanges. The customer doesn't care about Pantera and theres 0 loyalty involved when deciding who to trust with your coins and fiat.



1538. Post 10260058 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Stamp be going crazy.

EDIT: wtf is going on over there!



1539. Post 10260386 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: inca on January 25, 2015, 11:59:38 PM
WHY IS BITCOIN NOT OVER $300 yet?HuhHuh

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.

Three words. Six month chart.



1540. Post 10260415 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Quote from: mobmob on January 26, 2015, 12:02:51 AM
WHY IS BITCOIN NOT OVER $300 yet?HuhHuh

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.

Three words. Six month chart.

Here is one year bull traps market chart, Big drops + small tinny bounces



Yawn. How about a three or four year chart? Some of us bought Bitcoin before 2014   Roll Eyes



1541. Post 10260452 (copy this link) (by dreamspark) (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.



1542. Post 10261026 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.52h):

Watching this squeeze is pure poetry.



1543. Post 10261835 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: damiano on January 26, 2015, 03:23:19 AM
I'm so shocked, I've never pulled a profit on leverage like this before

Yeah I'm tempted to take some profit here. Not bad going for just over 24 hours work.




1544. Post 10261889 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: marcus_of_augustus on January 26, 2015, 03:29:07 AM
I'm so shocked, I've never pulled a profit on leverage like this before

Yeah I'm tempted to take some profit here. Not bad going for just over 24 hours work.



cashing out to fiat huh? ... just another bear after all.

I only sell to buy back lower. Im full BTC most the time, going long is on margin against a small % of my stash that I trade. Far from a bear  Wink



1545. Post 10261978 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: damiano on January 26, 2015, 03:39:31 AM
I'm so shocked, I've never pulled a profit on leverage like this before

Yeah I'm tempted to take some profit here. Not bad going for just over 24 hours work.



Nice

I'm up a shitload

Went in at 230 20x leverage  out at 254 back in at 246 still holding controlling about 800 contracts.

There is another guy here who got in sub 200 with 3k contracts 20:1.  He must be in heaven.

Well played. 20x just scares the shit out of me tbh. Some of the chats in IRC are just full of people being wrecked trading 20x.

 Nice if he's still holding them  Grin




1546. Post 10262215 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: podyx on January 26, 2015, 04:14:15 AM
And of course, my $289 sell order that I pulled would of been perfect

Always this shit... Sad Grin

Dont worry you'll probably get another chance to sell at 289 on the next surge upwards



1547. Post 10262414 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: Sitarow on January 26, 2015, 04:45:48 AM


https://www.youtube.com/watch?v=WBsxLMCA8R8

Gotta be nice to be on the inside of all these insider groups. They're literally printing money, they're in heaven.



1548. Post 10262442 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: spooderman on January 26, 2015, 04:53:45 AM
And of course, my $289 sell order that I pulled would of been perfect

Always this shit... Sad Grin

Dont worry you'll probably get another chance to sell at 289 on the next surge upwards

At which point he will be gagging to re-buy at $310  Smiley
wow

https://www.youtube.com/watch?v=WBsxLMCA8R8

Internet too slow, whats the jist of it?

"the next 72 hours are critical"

Listen again. He sent this vid to the 'elite group' two days ago when the price was $230 ish.



1549. Post 10262475 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: derpinheimer on January 26, 2015, 04:58:55 AM
And of course, my $289 sell order that I pulled would of been perfect

Always this shit... Sad Grin

Dont worry you'll probably get another chance to sell at 289 on the next surge upwards

At which point he will be gagging to re-buy at $310  Smiley
wow

https://www.youtube.com/watch?v=WBsxLMCA8R8

Internet too slow, whats the jist of it?

"the next 72 hours are critical"

Listen again. He sent this vid to the 'elite group' two days ago when the price was $230 ish.

That was fairly interesting. He was clearly saying it was gonna go up, and to cash out then.

Not sure how "infusing bitcoins into an exchange" makes the price go up.

Beefing up the order books. Borrowing $ to go long against your BTC, there are several ways.



1550. Post 10266163 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Everyones expecting a dump once the news is confirmed as insiders cash out. If it doesn't dump its very bullish imo.



1551. Post 10266199 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: hmmkay on January 26, 2015, 01:30:29 PM


Volatility is to be expected with a new currency.
Most daytraders actually amplify swings, rather than correct them.
1 billion people actually using a currency will stop volatility, not some small group of HFT-ers behind their screens.




Yeah, in a mature market daytraders soak up the volatility but in a market such as bitcoin where everyone is just following everyone else and it takes just one early adopter to sell a small percentage of his stash to have a huge effect on price, not so much.



1552. Post 10266394 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Lol the announcement site just started playing music!!!



1553. Post 10266431 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Its the exchange!

Fee free.



1554. Post 10266796 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: LFC_Bitcoin on January 26, 2015, 02:27:31 PM
Why are people so scared of keeping say even a smallish amount like 10 BTC in cold storage & keeping them for a few years?

What's the worst that can happen?

Some of you have no balls.

'Quick let's sell'

You should learn how to make profit. Especially when it was so obvious it was gonna dump.



1555. Post 10267692 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

A lot of this action is based on Chinas margin calls, its going mad.

Expect a decent bounce again.



1556. Post 10267862 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Coinbase on CNBC, apparently they have 2 million customers.



1557. Post 10267914 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: SnokkomBTC on January 26, 2015, 03:57:02 PM
Coinbase on CNBC, apparently they have 2 million customers.
Do you have a link?

Its over, but in summary;

He was asked about a merger with the Winkles, he said no.

He said that he wouldnt be surprised to see banks coming around to digital currency.

They have 2 mil customers.

Then just what we already knew, fully insured etc etc.

But just the fact its mainstream news and is far better than the silly blockchain.info "news" when they bought zero or whatever it was is good.



1558. Post 10268042 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: mmitech on January 26, 2015, 04:05:45 PM
I'm gonna spell it out for you guys:




Coinbase news was a pump&dump, exactly like the LTC on Huobi pump and all the other countless attempts to dump higher!
Insiders buy before anyone knows anything, all the other people buy at the announcement and at the countdown. Smart traders dump as soon as the site is online!


It's not difficult to understand! It's always the same thing.

Good thing coinbase is bringing regulation to BTC right? LOOOOOOOOL


+1

Exactly my thoughts

mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in?



1559. Post 10268093 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: illodin on January 26, 2015, 04:11:06 PM
mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in?

What makes you think he has any money to buy back at all?

You must be new here, he cleaned up with litecoin last November...

Not saying you are, but there are so many people in here with 1 coin just cheer leading and ignoring the people who have been around crypto for more than a year unlike most the trolls here.



1560. Post 10268117 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: illodin on January 26, 2015, 04:13:21 PM
mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in?

What makes you think he has any money to buy back at all?

You must be new here, he cleaned up with litecoin last November...

You mean 2013 I hope...

Indeed, damn these years are going fast now days  Sad



1561. Post 10268127 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: JorgeStolfi on January 26, 2015, 04:13:49 PM
Coinbase on CNBC, apparently they have 2 million customers.

MtGOX had more than 1 million customers, but the leaked database showed that only ~70'000 were minimally active.

We don't expect Coinbase to provide more meaningful data than any other bitcoin enterprise, do we?


Impossible to know of course.
Im just relaying what was said to someone who asked, jheeze...



1562. Post 10268313 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: mmitech on January 26, 2015, 04:26:08 PM


When the bubble burst...when all the get quick rich kids abandon the ship and fall in despair... so many people said that Bitcoin will die if we revisit double digits and I contradict this...

Thats so vague, 1200 - 160 doesn't count as a bubble burst? The get rich quick people will always be here. Not saying I wouldnt mind a chance to buy in double digits  Grin



1563. Post 10268444 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: mmitech on January 26, 2015, 04:36:31 PM


When the bubble burst...when all the get quick rich kids abandon the ship and fall in despair... so many people said that Bitcoin will die if we revisit double digits and I contradict this...

Thats so vague, 1200 - 160 doesn't count as a bubble burst? The get rich quick people will always be here. Not saying I wouldnt mind a chance to buy in double digits  Grin

nope, it started from lower double digits, so nope the bubble didn't burst.

Thats crazy though, we're two years down the line in terms of new users, media attention, big investors and infrastructure. If thats the line your going with then surely we should be back to 0 as thats where it started.



1564. Post 10269061 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

The Winkles still maintain that they haven't sold a single satoshi.



1565. Post 10269226 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: LFC_Bitcoin on January 26, 2015, 05:59:12 PM
What are the trolls going to do with their lives if we ever get to 5-10k per coin?

Dont worry, there will be a new stream of them of that you can be certain.



1566. Post 10269897 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: billyjoeallen on January 26, 2015, 07:04:39 PM
from $260 to $265? that dead cat didn't bounce too far. Nine hours before the Panda bears come out to play.

Whats your buy price?



1567. Post 10271310 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: JimboToronto on January 26, 2015, 09:20:33 PM

This new layout sucks. Please get back to the old one. And decide on 1 exchange to post not 23492093, thanks.

I disagree.

I like seeing multiple US$ exchanges at a glance without the need for scrolling.

The immediate inclusion of Coinbase was spot on. Good job Richy.

+1 whats the issue with having more than one. Just look at the one you want.



1568. Post 10271540 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: billyjoeallen on January 26, 2015, 09:45:18 PM
That graph looks like Satan and they are still buying. I'm pretty fascinated by it. It shows the delusion...

Only small fry are buying, unless it's someone sneaky making lots of little buys. Being able to see the volume is a huge advantage to bitcoin trading.

Looking at the order book, I figure it would only take a 3k BTC dump on three exchanges to start a Chinese stampede for the exits. That's a heluva return on your money.

How low will it go? Anyone besides me have any fiat powder left?

Gonna agree with you here, the last two moves up have been declining in volume (since the main post news dump) and this rise is looking liek its going to be on even less volume. Will be interesting as China still seems to want to trickle up atm.



1569. Post 10272807 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: damiano on January 27, 2015, 12:36:32 AM
I have come to the conclusion that a lot of people in here are not very good at guessing the future.

Everyone expecting to go down so instead we're going up now.

I hope my decision to go long at 268 was the right move.

If its leveraged I'd close it. If its just buying with fiat then meh, probably wont loose much even if it retests the previous low.



1570. Post 10272835 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: billyjoeallen on January 27, 2015, 12:38:52 AM

It seems I don't have the nerve to sell and hope it drops. Do you keep to a trading strategy? or listen to your guts?

For now I'm trading the Four Punch Pattern.

*** Of course it drops after I close my short. Oh well, a small profit is better than none. Still 90% fiat though. Got plenty of dry powder.



What, you mean you closed your short after convincing me to re-open some around $277  Wink



1571. Post 10272875 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: thresher on January 27, 2015, 12:42:01 AM

It seems I don't have the nerve to sell and hope it drops. Do you keep to a trading strategy? or listen to your guts?

For now I'm trading the Four Punch Pattern.

*** Of course it drops after I close my short. Oh well, a small profit is better than none. Still 90% fiat though. Got plenty of dry powder.



What, you mean you closed your short after convincing me to re-open some around $277  Wink

Your are in good shape then  Wink

Time will tell, I dont hold them too long, but I dont see this shooting off into the stratosphere in the nest 24 hours. Too many people bought the pump and are waiting to sell.



1572. Post 10272942 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

A fair few longs being liquidated on 796 futures. Another sleepless night coming up I think.



1573. Post 10273022 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: billyjoeallen on January 27, 2015, 12:48:39 AM

It seems I don't have the nerve to sell and hope it drops. Do you keep to a trading strategy? or listen to your guts?

For now I'm trading the Four Punch Pattern.

*** Of course it drops after I close my short. Oh well, a small profit is better than none. Still 90% fiat though. Got plenty of dry powder.



What, you mean you closed your short after convincing me to re-open some around $277  Wink

You should be thanking me. Someone was prolly waiting for me to cover before dumping.  Tongue

Yup, should have trusted yourself. Called it bang on.



1574. Post 10273562 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: damiano on January 27, 2015, 02:20:59 AM
How many of you are currently short?

Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.

Quote from: billyjoeallen on January 27, 2015, 02:23:52 AM

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them.



1575. Post 10273894 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: damiano on January 27, 2015, 03:08:55 AM
Dumps seem to be getting weaker

Yep but so are the mini bounces. = sideways.



1576. Post 10278302 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: billyjoeallen on January 27, 2015, 02:32:34 PM
I don't believe $250 was the bottom. It's just too easy. It's gotta flatten out before going back up. The FPR needs more shorts to squeeze. I think the low will come this weekend.

Our jobs as decentral bankers is to reduce volatility, not to pump. Day trading is not an easy money get rich quick kind of thing. We simply supply liquidity when it's needed and remove liquidity when it isn't.

Shorting or waiting it out?



1577. Post 10282626 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: damiano on January 27, 2015, 10:27:45 PM
We are repeatedly having a hard time going lower than 260. 

Hold onto your hats fellers!

It doesn't seem like they are trying to hard.  I wouldn't even call these dumps..more like farts

Yeah last night I closed my $277 short at around $254 but expecting it go down a bit more, I just cant sleep short.

However the volume on the dumps viewed on the 15 min chart has been decreasing since the coinbase announcement. As seen here;



Not quite basis enough to long but enough to make me not even consider shorting till the market makes its move.



1578. Post 10282666 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.53h):

Quote from: billyjoeallen on January 27, 2015, 10:35:56 PM
I don't believe $250 was the bottom. It's just too easy. It's gotta flatten out before going back up. The FPR needs more shorts to squeeze. I think the low will come this weekend.

Our jobs as decentral bankers is to reduce volatility, not to pump. Day trading is not an easy money get rich quick kind of thing. We simply supply liquidity when it's needed and remove liquidity when it isn't.

Shorting or waiting it out?

Waiting. Leverage is something you use after a big move, not before.

See chart above, I wouldn't be surprised to see a move upwards here and if the volume increases as well $250 could be our short term bottom. Not trading it though.



1579. Post 10283773 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: damiano on January 28, 2015, 01:07:04 AM
nice try bitfinex and huobi.

but btc-e and  bitstamp are not convinced.

huobi and okcoin dont give a damn lol

I second that. 

Bitstamp and BTC-e dont have the money to be convinced.



1580. Post 10283825 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: kodtycoon on January 28, 2015, 01:13:39 AM
nice try bitfinex and huobi.

but btc-e and  bitstamp are not convinced.

huobi and okcoin dont give a damn lol

I second that.  

Bitstamp and BTC-e dont have the money to be convinced.

western exchanges are like that one guy who "lost his wallet".. doesnt go anywhere unless other others bring him along for the night..

Yup, and thats why Stolfi looks so retarded every time he talks about China leading etc etc. Half the people trading in China are 'western'.



1581. Post 10288763 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: tarmi on January 28, 2015, 01:38:57 PM
I feel sorry for all of you guys that expected a bounce from 250~260.

I said no.

You always say no. So you have to be right some times.

no.  Cheesy

in 2011~2012 I said yes!

place your bids gentlmen! bitstamp bid side not looking good.

In case you haven't noticed, Stamp is dieing. Anyone making decisions based on Stamps order book has gone full retard.



1582. Post 10288831 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: tarmi on January 28, 2015, 01:45:53 PM
I feel sorry for all of you guys that expected a bounce from 250~260.

I said no.

You always say no. So you have to be right some times.

no.  Cheesy

in 2011~2012 I said yes!

place your bids gentlmen! bitstamp bid side not looking good.

In case you haven't noticed, Stamp is dieing. Anyone making decisions based on Stamps order book has gone full retard.


no, I didnt notice. over here bitstamp is working perfectly fine. I can withdraw fiat and bitcoins no problems.

as far as I am concerned fiat on exchanges is dying.

Cartivex is also working fine, I can withdraw fiat and bitcoins no problems. Does that mean I should sell everything as there bid side doesn't look too great either, couldn't even sell 1000 coins there...

Genius.



1583. Post 10288894 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: tarmi on January 28, 2015, 01:52:52 PM
I feel sorry for all of you guys that expected a bounce from 250~260.

I said no.

You always say no. So you have to be right some times.

no.  Cheesy

in 2011~2012 I said yes!

place your bids gentlmen! bitstamp bid side not looking good.

In case you haven't noticed, Stamp is dieing. Anyone making decisions based on Stamps order book has gone full retard.


no, I didnt notice. over here bitstamp is working perfectly fine. I can withdraw fiat and bitcoins no problems.

as far as I am concerned fiat on exchanges is dying.

Cartivex is also working fine, I can withdraw fiat and bitcoins no problems. Does that mean I should sell everything as there bid side doesn't look too great either, couldn't even sell 1000 coins there...

Genius.


good, take your coins and money to some obscure places like bitfinex or china and trade there. i wouldn't recommend it but hey it is your money.

I don't think I'll take your recommendations being as you seem to be happy trading on an obscure exchange somewhere in Slovenia, with a head office in the UK that just had their hot wallet drained without noticing. Add to that they are refusing to answer any customer questions regarding an audit or running a fractional reserve because they blatantly are running one. But hey I just hope you get your coins and fiat out before shit hits the fan.



1584. Post 10288937 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: tarmi on January 28, 2015, 02:00:51 PM
I feel sorry for all of you guys that expected a bounce from 250~260.

I said no.

You always say no. So you have to be right some times.

no.  Cheesy

in 2011~2012 I said yes!

place your bids gentlmen! bitstamp bid side not looking good.

In case you haven't noticed, Stamp is dieing. Anyone making decisions based on Stamps order book has gone full retard.


no, I didnt notice. over here bitstamp is working perfectly fine. I can withdraw fiat and bitcoins no problems.

as far as I am concerned fiat on exchanges is dying.

Cartivex is also working fine, I can withdraw fiat and bitcoins no problems. Does that mean I should sell everything as there bid side doesn't look too great either, couldn't even sell 1000 coins there...

Genius.


good, take your coins and money to some obscure places like bitfinex or china and trade there. i wouldn't recommend it but hey it is your money.

I don't think I'll take your recommendations being as you seem to be happy trading on an obscure exchange somewhere in Slovenia, with a head office in the UK that just had their hot wallet drained without noticing.


they have a perfect record in my book.

also, risk wise EU > HK > China.

butthurt much?

They just got hacked for 19k BTC and you say they have a perfect record. Excuse me while I fall over laughing.



1585. Post 10289077 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: tarmi on January 28, 2015, 02:13:22 PM
I feel sorry for all of you guys that expected a bounce from 250~260.

I said no.

You always say no. So you have to be right some times.

no.  Cheesy

in 2011~2012 I said yes!

place your bids gentlmen! bitstamp bid side not looking good.

In case you haven't noticed, Stamp is dieing. Anyone making decisions based on Stamps order book has gone full retard.


no, I didnt notice. over here bitstamp is working perfectly fine. I can withdraw fiat and bitcoins no problems.

as far as I am concerned fiat on exchanges is dying.

Cartivex is also working fine, I can withdraw fiat and bitcoins no problems. Does that mean I should sell everything as there bid side doesn't look too great either, couldn't even sell 1000 coins there...

Genius.


good, take your coins and money to some obscure places like bitfinex or china and trade there. i wouldn't recommend it but hey it is your money.

I don't think I'll take your recommendations being as you seem to be happy trading on an obscure exchange somewhere in Slovenia, with a head office in the UK that just had their hot wallet drained without noticing.


they have a perfect record in my book.

also, risk wise EU > HK > China.

butthurt much?

They just got hacked for 19k BTC and you say they have a perfect record. Excuse me while I fall over laughing.


they honored all the missing coins. never read any complaint.

CUT YOUR LOOSE.

Its cut your losses but anyway Im far far far from needing to do that. It could go to 0 and I would still have made money on my initial investment.

Now Im sure your trolling, they can say they are honoring the coins but you will never know if they actually can unless everyone tried to withdraw at the same time.

Even mmitech who was one of the biggest Bitstamp shills there was questions whether they are solvent.

Clearly the market also questions their solvency and their ability to protect users assets, the volume tells you that.



1586. Post 10289158 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: tarmi on January 28, 2015, 02:25:06 PM


yes, with low volume comes the question of solvency.

on the other hand China and bitfinex trading thousands of coins and millions of dollars back and forth does not rise any question.  

Trading thousands of coins and millions of dollars back and forth is the definition of trading and a market  Roll Eyes



1587. Post 10289201 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: tarmi on January 28, 2015, 02:28:25 PM


yes, with low volume comes the question of solvency.

on the other hand China and bitfinex trading thousands of coins and millions of dollars back and forth does not rise any question.  

Trading thousands of coins and millions of dollars back and forth is the definition of trading and a market  Roll Eyes


solvency dude. we were talking about solvency.



Explain then how the fact they trade lots of coins means they are insolvent when we've just agreed that the market questions Stamps solvency by trading hardly any coins. I'm not sure you even know what your trying to say. Im off out, will reply later if you can actually produce a serious answer.



1588. Post 10289218 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: mmitech on January 28, 2015, 02:29:00 PM
Its cut your losses

you must be new in this thread.

Even mmitech who was one of the biggest Bitstamp shills

Really? I don't remember shilling for them, can you please point me to the post that made you think that I was shilling?

Will do later, I have to go out. You were constantly going on about how you met they guys they were to be trusted etc etc.



1589. Post 10303352 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: barbs on January 29, 2015, 08:37:43 PM
Crash is imminent. Sorry boys, but it's time leave mama's basements and get real jobs.


LOL!

havent you seen the 900 BTC bid wall at 235 at bitstamp??

more like time to go all in !  Cool

Not saying its not going up but going all in because of a 900 coin wall seems a little silly, maybe I'm missing the /s lol



1590. Post 10303398 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: billyjoeallen on January 29, 2015, 07:35:29 PM
I am declaring the billyjoeallen pump officially on. After my initial buy of $2,000 worth today, I will buy a minimum of 1 BTC per day for the next 100 days regardless of price going up or downor until the shorts get squeezed whichever comes first.

I like it when your bullish.  Grin

"I don't care about the busts. I am riding this pig wherever it takes me. If it tanks, I'll have a helluva story to tell. I'm sick of half measures. I'm swinging for the fences and If I strike out, so be it.  I won't be some mediocre drone living a life of quiet desperation. I believe in bitcoin and I'm going for broke, knowing the risks."



1591. Post 10303418 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: barbs on January 29, 2015, 08:45:39 PM
Crash is imminent. Sorry boys, but it's time leave mama's basements and get real jobs.


LOL!

havent you seen the 900 BTC bid wall at 235 at bitstamp??

more like time to go all in !  Cool

Not saying its not going up but going all in because of a 900 coin wall seems a little silly, maybe I'm missing the /s lol

It is even sillier when the wall isn't there lol

Obviously I'm joking here... yikes.

I like flashing my ... ORders and watching the bots scramble around them.

See, with some of the insane contributors and tea chart readers with crazy methods there are in this thread its really not that obvious your joking  Grin



1592. Post 10303721 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: barbs on January 29, 2015, 09:19:56 PM
bear trap?

?!??!

 Huh Huh Huh Huh

Look at the volume, its a baby dump.



1593. Post 10303788 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: thresher on January 29, 2015, 09:23:51 PM
bear trap?

?!??!

 Huh Huh Huh Huh

Its not bear trap........slow allowing people to buy up towards 240, and hammering them right before.  A short from 239 to 233 alone can make someone money, imagine now a short to 215 with a thousand btc that will be dumped at some point, like it has been, everyday this week.

Don't forget you have to buy back to close a short. How much money can you really make? $600 bucks at the risk of shorting a 100 coins?



1594. Post 10304069 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: ParabellumLite on January 29, 2015, 09:56:05 PM
target of 258 for me. very bullish all around IMO.

Remember that 10k of the Finex sell wall is bullshit. People saw it flashing in and out earlier today, so don't be deceived by the order book. Also: a lot of people believe that Bitcoin go up at the moment, which will mean (empirically) that the exact opposite will happen again.

I dunno, I think most people seem to think that its going down to be honest.

Spose trolls gotta troll, exactly the same price as 3 hours ago.



1595. Post 10304923 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Its hilarious how quiet this thread goes when the price is rising compared to when it falls $10. Just trolls left = confirmed.



1596. Post 10304966 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.54h):

Quote from: kodtycoon on January 29, 2015, 11:53:59 PM
[snipped images]

Nice, I think you'd be surprised, I don't think some of the people who spend half their day here have more BTC than that. Plenty of people with half a coin shouting moon.



1597. Post 10322878 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

Quote from: CoinDox on January 31, 2015, 09:31:07 PM
I have a question for you guys:

You own 5k bit-coins. What do you do? Serious question.

Sell all of it immediatly, and maybe buy back lower. I definately wouldn't keep them at that phase. Then again, I would've exited a long time ago already, around the 500 dollar mark.

All good answers, I hope the community can take a hint from these replies.

Other acceptable answers include: 1) Start a incubator and offer to exchange golden tokens for real human capital or 2) Leverage 200X and splash in the kiddy pool to your hearts content

If your the sort of person who would sell all of it immediately you wouldnt have 5k coins in the first place. Lots of people sold their thousands of coins in the single and double digits. Whos the fool now?



1598. Post 10322885 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

Quote from: damiano on January 31, 2015, 09:31:44 PM
Bulls!

Yep, another high volume dump absorbed. The next bit of data on how many shorts there are should be interesting.



1599. Post 10322944 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

Quote from: Jammalan the Prophet on January 31, 2015, 09:41:15 PM
Look at the bears go

1-2% decline in price and they start gigglin like a schoolgirl
It's cute Cheesy

True.

Haha.

-28.78% in last 30 days , still funny?

+10000% in 4 years. Yep, hilarious



1600. Post 10323980 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

Someone borrowed 4k to dump into that wall on Finex.
Gotta buy em back at some point.



1601. Post 10324031 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

Quote from: camolist on February 01, 2015, 12:25:49 AM
Someone borrowed 4k to dump into that wall on Finex.
Gotta buy em back at some point.

hmm was going to ask for a source but    602.22   Flash Return Rate (current: 0.0176%)   
was at 4900 coins last i seen so someone(s) sure did borrow a ton of coins recently

http://bfxdata.com/swaphistory/totals.php



1602. Post 10328503 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

20k worth of shorts gonna get squeezed real good.

Those finex walls are the guy who shorted 4k at 220 yesterday getting rekt.



1603. Post 10328640 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

https://twitter.com/msantoriESQ/status/561936817558396929


https://twitter.com/barrysilbert/status/561958433331892225



1604. Post 10329642 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

Quote from: LFC_Bitcoin on February 01, 2015, 09:33:11 PM
Well, convincing people to sell in order to fill you own buy orders is not cool imo.
I don't think by making a comment here would make people sell their stash Tongue
Noobs might panic when trolls & their various sock puppets are spreading FUD.
Noobs don't have that many coins.



1605. Post 10329840 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

Quote from: ParabellumLite on February 01, 2015, 09:54:34 PM
still not convinced..this smells too much like incoming dump...bidwalls on finex got pulled..only 8k down to 200

Indeed. Also: why haven't we seen a run upwards yet? That's right, because the vast part of the bidwalls is fake. The dumpers are simply waiting for the same fools to fall in the same trap again, so they can dump at a premium. If there would be real demand, the price would've recovered to 250/260 ish by now. But there isn't any real demand at all.

IF the trend is turning this is exactly what you would expect, people to be cautious. Everyone is used to the constant downtrend for 12 months+ so are used to not needing to FOMO buy like during a bubble. But as I said its an IF.



1606. Post 10340254 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

bears getting REKT



1607. Post 10340321 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

RIP 4k shorter. He must be crying at his PC right now.



1608. Post 10340585 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

Quote from: LFC_Bitcoin on February 02, 2015, 11:32:54 PM
70 dollar profit lol @ YourMother.
I wouldn't get out of bed for 70 USD.

LOL, I have him/her on ignore but 70usd haha



1609. Post 10340602 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.55h):

Quote from: barbs on February 02, 2015, 11:34:41 PM
i'm convinced.
going all in.

I wouldn't go all in, its going to retrace but shorters gotta start questioning the trend.



1610. Post 10341246 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.56h):

Quote from: WeltMaster on February 03, 2015, 12:53:58 AM
its going to retrace

:^)

If your going to quote me please do in full. You should be able to see Im bullish, I just wouldn't advise going all in at $245, YET



1611. Post 10341434 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.56h):

Quote from: Malin Keshar on February 03, 2015, 01:20:56 AM
Also possibly related:

Hello,

I was just curious if there is any sort of bitcoin bug bounty?
I have discovered a serious bug in all previous (and current) bitcoin reference clients which would allow a denial of service on an arbitrary number of bitcoind nodes (as run by exchanges for example).
While this bug may not leak any private data, it allows you to shoot down bitcoin nodes that you are directly connected to. Arbitrary code execution may be possible (but was not tested).

The denial of service works, tested locally in Bitcoin 0.9 and 0.10 branches.
Newspapers or Journalists may ask me for a demonstration in private.

If anyone is intrested in a disclosure, I am asking 10 BTC for my time doing a write-up
including detailed explanations: 1LaV9xQvmd1gR4fYYWgFMpPXEgAwBYCQN1

If the balance will not reach 10 BTC, I will pay all amounts back. I will also cover the transaction costs myself.



is he a serious guy?

Might be a way to scam 10 BTC.

If he really wanted a bounty for it he could get a world from theymos or other rich bitcoiners that they would give him 10 BTC as soon they proof the bug is true

Read the thread.



1612. Post 10345305 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.56h):

Quote from: NUFCrichard on February 03, 2015, 12:29:02 PM
finex holding 240

There is still hope

Well, if you're trading on hope I have one advice.

SELL and don't trade anymore.

everything is waiting for the next bull blitzkrieg.

more than 1 year without one Sad
True but it might be more difficult this time with more people leveraged shorting the hell out of it.
True but it might be easier this time with more people leveraged longing the hell out of it  Wink



1613. Post 10345700 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_13.56h):

People for the love of god. PLEASE stop quoting the trolls or if you are remove the texts from their quotes. The vast majority of us have them on ignore for a reason.



1614. Post 10603118 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.01h):

Quote from: GreekGeek on February 27, 2015, 06:54:29 PM
a pull back to 340-45  would be very healthy IMHO

Um why?



1615. Post 10624575 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.01h):

Quote from: Ezmoneyezlife on March 01, 2015, 09:43:16 PM
hello people. If you are skeptical of another move higher, I understand. But now we have unexpected good news to build on the technical breakout of a few days ago. The 4h charts beginning to look like the move down out of the bull flag was a head fake. We still need to see a move higher, with good volume, but right now bears are nervous. We have already retraced the sudden move lower from earlier today.
Yep, pal, but its obvious that they are manipulating the price of btc, apparently for now - to hold the price around 250$ for a while. Why do they publish such rumors about some new shit at sunday evening, while price is about to continue falling down? Another pump and dump right before an auction, nothing more, i bet it wont go over 260$, the agenda is clear - to force traders to place buy orders higher + squeeze shorters, nothing new.

You're an idiot. Its not rumours and price went over 260



1616. Post 10633196 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.01h):

Quote from: JorgeStolfi on March 02, 2015, 06:27:16 PM

(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.



1617. Post 10633784 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.01h):

Quote from: Ezmoneyezlife on March 02, 2015, 07:20:00 PM

I bet it wont go higher then 1666 cny for goxobi/okgox. Volume and 3d Storch both clearly show the overbought zone.

HAHAHAHAHA.

Quote from: Ezmoneyezlife on March 01, 2015, 09:43:16 PM

Yep, pal, but its obvious that they are manipulating the price of btc, apparently for now - to hold the price around 250$ for a while. Why do they publish such rumors about some new shit at sunday evening, while price is about to continue falling down? Another pump and dump right before an auction, nothing more, i bet it wont go over 260$, the agenda is clear - to force traders to place buy orders higher + squeeze shorters, nothing new.


Another great bit of speculation from you then.



1618. Post 10634145 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.01h):

In the mood for some Zhou Tonged

https://www.youtube.com/watch?v=bZCDifG3zQc

and the classic

https://www.youtube.com/watch?v=NG1qooBzE2w



1619. Post 10635722 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.01h):


Quote from: 12345mm on March 02, 2015, 09:58:21 PM
ehhh i figure 1/4 million can buy me a decent 50 footer ... most people would consider that a yacht and not a simple boat ... some may argue only 100 foot + counts as a true luxury yacht ...


You've definately never owned a boat before if your not factoring the astronomical running costs that come with it. Quater mil may by you a 50footer but your gonna need 20-30k minimum a year to run it.



1620. Post 10635880 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.01h):

Quote from: camolist on March 02, 2015, 10:22:02 PM
30% USD interest rates on bitfinex

come on bears upload that USD and make free money!

The interest rate tells you a lot about the sentiment. The lending rate going up means that bears who previously wanted USD gains are instead buying coins with their money.



1621. Post 10636344 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.01h):

Quote from: 12345mm on March 02, 2015, 11:11:14 PM
yeah that sounds about right ballpark wise ... about 10k a year maintenance ... i'd be on year long summer vacation where winter doesn't happen Tongue ... what sort of mad man owns a yacht where it's cold ? ? ?

South Wales  Tongue



1622. Post 10636517 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.01h):

Quote from: DoktorKopf on March 02, 2015, 11:31:30 PM



If it flies, floats or fucks...  rent it.



 Grin  Wisest words ever spoken.



1623. Post 10637278 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Quote from: Norway on March 03, 2015, 01:34:49 AM

Take a look at some pie charts I made. I had to convert 200+ currency supplies to USD manually to make them...

https://i.imgur.com/KA8CuED.png

I'm presuming your . are meant to be , ?



1624. Post 10645667 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Quote from: kodtycoon on March 03, 2015, 07:03:59 PM
I like how everybody disregarded that 50000 BTC auction that is about to happen in approximately 48 hours.

isnt it on the 9th?

you would think its obvious that second market is going to buy up the lot if possible..

Exactly, and if they do win I expect Barry to say so.



1625. Post 10645831 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Quote from: kodtycoon on March 03, 2015, 07:17:32 PM
I like how everybody disregarded that 50000 BTC auction that is about to happen in approximately 48 hours.

isnt it on the 9th?

you would think its obvious that second market is going to buy up the lot if possible..

Exactly, and if they do win I expect Barry to say so.

is this the last batch to be auctioned off? if so, id also expect them to announce that they payed way over market price for them.. 1) because we are in the middle of bull run 2) btc will sky rocket so when they launch trading on their new pink sheets exchange, they will get way more for the bitcoins.. easy money..

There's another 44k isn't there?

I expect when that is sold there will be demand from the losing bidders. Some might not even wait that long and buy immediately after this coming auction.

how pissed will the US gov be if they sell off their tons of btc and bitcoin rallies 10 fold straight away after lol

Isn't that the whole thing we've been trying to do ?! Crash it to the ground, buy their coins for peanuts. Go back up. Simples



1626. Post 10658570 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Quote from: adamstgBit on March 04, 2015, 05:56:02 PM


 .618 fib would make sense, IF we weren't headed to 32,000$, no time to waste, fuck these "pull backs"  Cool

jokes aside, i'm really hoping we can steam pass 300 b4 some bear whale takes a massive dump

There is absolutely no chance of us steaming past $300, the traders will dump ~$300, most people I speak to have $305 targets. The question is how quick and how deep the retrace will be and how many shorts can we open before going back up.



1627. Post 10661441 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Big shakeout of weak hands before a run on 300?

Quote from: KryptoFoo on March 04, 2015, 10:23:17 PM
resistance becomes support.



yeah someone called this yesterday Ill try find it



1628. Post 10661768 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Quote from: inca on March 04, 2015, 10:43:03 PM
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..

20k volume during the dump and 2k shorts opened. Might wanna rethink that statement.



1629. Post 10662429 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

You all realise that the whole China waking up thing doesn't hold water. A huge range of people trade on the Chinese exchanges. Apparently most of their clients are in Denmark.



1630. Post 10663481 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Short term predictions:

Full retrace from that dump, I think we will probably go to $280 and then dip to around $260ish again before an assault on $300. My 2 bitcents.




1631. Post 10663613 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Quote from: Bozuatle on March 05, 2015, 02:57:53 AM
I think all of us should just go to Vegas for a week, get drunk, party, gamble, and settle all these differences of opinions in person. It would be fun. I'll room with LampChop.

Sos no room, lamp chop has to book a whole floor suite for all his sock accounts.



1632. Post 10672551 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

http://www.coindesk.com/third-usms-bitcoin-auction-bidder-interest/



1633. Post 10673034 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Quote from: kurious on March 05, 2015, 09:02:59 PM
A premium over market makes sense.

And with so many players in the auction - anything at or lower than market price is not probable.

Bullish indeed - they ain't gonna dump if they paid over market.

They aren't going to dump regardless. The bidding process is so long winded and backwards the only people bidding are doing it for large clean positions and for liquidity purposes.



1634. Post 10673452 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Taken profits. Thanks Tarmi and the bear club 5k in 5 mins muhahaha.



1635. Post 10673873 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Quote from: KryptoFoo on March 05, 2015, 10:21:47 PM
these rumors look very shaky, not susbstantiated in any way whatsoever. I reiterate, took profits. opening a small short here

This is not the rumors, just a good move by bulls. Everyone's wanting to retest this area and kill some bears.



1636. Post 10675042 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Quote from: YourMother on March 06, 2015, 12:32:28 AM
Laughable how this dumb scared whale(s) is constantly buying so the positive momentum could continue. If you look at the chart, the price wants to plunge into the shitter and everytime it does that for a longer period, you see these sudden bursts...



Somebody is about to lose a shit ton of money.

I'll bite.

They're called accumulation zones. Big players accumulate coins while its quiet and people are like ooohhh its going back down so are shorting into them. Then the market makers move it up and close their longs into the shorters panic closing and being margin called. They let it settle out again and continue accumulating. Rinse and repeat. It's a key sign of a possible trend reversal. Learn to play them and you wouldn't bitch so much.



1637. Post 10680035 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

Quote from: adamstgBit on March 06, 2015, 01:07:55 PM


all in?

I posted this at around $266 yesterday after we retraced the dump to $262. We've visited the $260's briefly on Finex but I think were going to go down from here a bit more before the final assault on $300.

Quote from: dreamspark on March 05, 2015, 02:40:22 AM
Short term predictions:

Full retrace from that dump, I think we will probably go to $280 and then dip to around $260ish again before an assault on $300. My 2 bitcents.





1638. Post 10680434 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.02h):

In other news the EURO is taking an absolute hammering again today.



1639. Post 10683618 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Let her rip



1640. Post 10691928 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

MIT Bitcoin Expo Starting now

https://www.youtube.com/watch?v=lIgjogLipvk



1641. Post 10692546 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: Bozuatle on March 07, 2015, 04:58:10 PM
I predict a knee-jerk drop in price after the results of the auction based on the unfounded fear that the coins will be immediately dumped. It is during this drop that I will buy. Then in a week or two some piece of good news will lift the price over 300 settling back down to exactly where we are today. Go on..Quote me

No.

Several reasons.

Firstly you wont get results the best you will get is something like this. https://bitcoinmagazine.com/19512/us-marshals-auction-participant-price-not-significantly-market/

People who didnt win saying what they think etc. That article tells you they didnt go for any less than $220.

Secondly people who think that the coins would be dumped just don't understand the sort of people who are bidding. They are investment firms etc that have no interest in just dumping on the market for a few thousand $ profit, they are after liquidity for their ventures. The fact the coins come from the government is a big plus, they get a receipt for their coins from the US gov. How much more legit from a business perspective can you get? This coupled with that fact the auction process is long winded and difficult but trusted compared to wiring millions to an exchange of people you dont know in hong kong means they just aren't going to be dumped.



1642. Post 10695329 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: Hfertig on March 07, 2015, 10:17:13 PM
There are about 4M$ new longs since the start of this rally (~240$ some 10 days ago), this means about 15k BTC will have to be sold if the rally ends, just to cover those longs.

And 50000 coins from the auction which will only settle on monday. I guess they were bought at a discount to the current price. Lets see how long this will be a discount

so the short term outcome most likely is a dump?

Anyway I doubt BTC will visit the lower levels from the start of the year.

tbh... I don't know, but I would not be surprised of it. I am repeating myself, but there is another auction and the Gox liquidation which currently appear to happen this year.

The Gox thing is not exactly an auction. It will be Gox giving back some of the customer's BTC/money.

Considering that there is still no hint about how the owned amount will be calculated, I think anything that we are taking very late in this year

you are right this is not an auction. But it will surely create supply. I know what I am going to do with the coins distributed to me... no matter how high the payout will be.

Thats if there's any left at all. I'd hate to thing how much money has been spent on legal fees et al.



1643. Post 10704292 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

This is the majority of people in here.

https://www.youtube.com/watch?v=9Lx90gU_KBc



1644. Post 10705523 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: billyjoeallen on March 08, 2015, 09:47:01 PM
Traders seem to be programmed to sell every little spike atm. Too predictable!

Yeah but they're buying every little dip too!

I'm trying my best to be bullish, which I am long term (ie I think 160 was the bottom)  but just look at this. 

http://bfxdata.com/sentiment/longshort.php

No way Mr Market Maker is gonna stand for that.



1645. Post 10705858 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: billyjoeallen on March 08, 2015, 10:02:57 PM
Traders seem to be programmed to sell every little spike atm. Too predictable!

Yeah but they're buying every little dip too!

I'm trying my best to be bullish, which I am long term (ie I think 160 was the bottom)  but just look at this. 

http://bfxdata.com/sentiment/longshort.php

No way Mr Market Maker is gonna stand for that.

If $160 was the bottom, then it would be foolish to sell. Just wait for price to drop and add to long position. That's what we all seem to be doing, which is why it's not dropping.

Wouldn't call it foolish, if we continue on the current trend line there is plenty of room to go back to around $250 and make a fair few coins. I posted days ago that I thought we would go back to around $280 then drop off to around $260 before attacking $300. Most traders  have $305ish as their next target but you know what happens when everyone's longed out waiting for it to get there. Your right its not dropping at the moment its consolidating with higher lows and lower highs since the spike to $294.



1646. Post 10713792 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Auction coins are on the move.



1647. Post 10715360 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: KryptoFoo on March 09, 2015, 06:20:07 PM
buy pressure seems to be abating. opened a small short with a tight stop.

8.5k to $280 on Finex, buy pressure deffo abating  Roll Eyes



1648. Post 10716777 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: billyjoeallen on March 09, 2015, 09:00:27 PM
i think the price will stay 275-285 for few month...



NOPE

Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.



1649. Post 10716860 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: coinableS on March 09, 2015, 09:04:54 PM
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.



1650. Post 10716915 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: inca on March 09, 2015, 09:13:58 PM
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.




Of course hence the capitalised risk management part.
Thanks for the advice, not sure how I'd be doing without it...




1651. Post 10716941 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: coinableS on March 09, 2015, 09:15:50 PM
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.

Good luck to you, that's way too risky for me. I wouldn't want to risk a margin call on a stash of 30-50 coins to make a few grand.

The point is never getting to the point where you risk a margin call. Its just play stash anyway, losing it wouldn't see me on the streets or not eating lol.



1652. Post 10717128 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: billyjoeallen on March 09, 2015, 09:28:34 PM

Not yet. I'm not convinced the bear market is over yet, but I did make profits (on paper) equivalent to almost six months mortgage today, but I'm letting most of it ride. Paid myself a grand and keeping the rest rolling.


Good good. I can still see a good drop coming before a full bull market conversion myself tbh.



1653. Post 10717152 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: bassclef on March 09, 2015, 09:29:21 PM
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.

I'm good with 3x at Finex. That gives you a bit of wiggle room at least for a margin call, but the cost of carry gets expensive when holding big positions (like 150btc+). It's a trade off I guess.

Yeah I still trade Finex for long term positions just the opportunity to 10x for 15 mins for 100% p/l is something to have in the arsenal.



1654. Post 10719347 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: rokkyroad on March 10, 2015, 01:00:31 AM
I have a good feeling about btc these days. Have we turned a corner?

Oh ya, good time to trade drk and xmr for btc.

I'd trade that DRK double quick if I was you before its worth nothing!

Hodl the XMR though, great things are coming.



1655. Post 10726852 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: billyjoeallen on March 10, 2015, 04:10:39 PM
Why exactly is Bitcoin rallying? Nothing has changed.

Incremental changes have a cumulative effect. Ukraine, Greece, Euro weakness, South America, remittances, regulated exchanges and ETFs, Paypal support, Bitpesa, messaging apps, etc etc.


The rally has solid momentum now, so nothing changing means UP.

Also if you have the right connections and listen into the right places you get to hear some very interesting insider information. Serious players have been accumulating lower down and the coin supply has dried up. Couple that with the fact a lot of people think that 160 was the bottom makes for fireworks.



1656. Post 10727271 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: Fatman3001 on March 10, 2015, 05:06:38 PM
Peoples reluctance to keep cash on stamp seems to keep this train from flying off the rails.


right now stamp is nothing(check the volume stats)

But it's almost 6000 to $300 on stamp and just 1360 on finex. So low volume on stamp means low price on stamp. And the price won't let there be more than $10-12 difference between the two for any length of time.

Thats because there is hardly any fiat on Stamp. Its almost as if the market thinks that if they buy coins there and try and withdraw them en mass they may not exist, I wonder why the market might think that  Roll Eyes  Once bitten twice shy, people slowly learn their lessons and don't deal with exchanges that refuse to prove their reserves or even answer any questions about the state of their solvency.



1657. Post 10731887 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Quote from: 12345mm on March 11, 2015, 12:34:15 AM
so basically ... what i gather from the talk of usd swaps and btc swaps and % used and % held and such ... is that there is more demand for btc than money being offered to lend to spend on btc ? right? ... so more or less people cannot buy enough of btc with their own money / are already all in with their non-leveraged fiat and doing everything they can to buy the hell out of it more ? ... meanwhile 3600 produced a day at 290 a pop comes out riiiiight about at 1M needing to be bought daily in fiat dollar terms ? ... honestly i don't know quite what to make of that ... but with 1 million estimated bitcoin users , we basically all need to drop $1 a day on average to consume the supply all other speculative buying/selling being equal ? ... doesn't sound bad ... hmmmm ... sounds like rabid demand vs minimal supply when averaged across all involved parties , just with limited/inadequate capital being provided by lenders ?

There's one important thing to remember and that is that Finex is not the whole market. Longs are over extended on Finex yes but it only takes say 4 million of new money to let the extended longs close into it. On okcoin for example there are more shorts out.



1658. Post 10732180 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.03h):

Yeah and the USD lending on Finex is complicated. Another thing people forget is that the USD swaps include LTC as well which account for a percentage.

Exactly like bja said as well there is theoretically unlimited fiat that can come onto Finex to be lent. You could have $500 million lent out, the fact that the rate is high is two fold. It's the fact that nearly all the available liquidity is lent out but there may also be less liquidity there as lenders decide they would rather use their USD to buy coins (very good sign of a trend change).

Yeah you pretty much have it with the last point. Again though its just a part of the market.



1659. Post 10753363 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

This is not the time to be bearish with BTC this is the time to hodl your BTC and come and be bearish on the EURO with your BTC on 1broker  Grin

https://1broker.com/m/r.php?i=2961



1660. Post 10763442 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: adamstgBit on March 13, 2015, 04:56:30 PM
I like the volume that came in when breaking below 290, feels like some stop loss was triggered and poeple Immediately bought the resulting coins.



now volume is winding down, and we appear to want to be going higher already. in the next 24-48hours I predict we'll be breaking up, popping over 295 resistance, knocking on 300 once or twice with 295 as support, and BAM high volume buys drive price to 310-320 maybe even seeing a second leg to 350.

I'm not so sure, we still have retail buying today which I feel is keeping the price up and keeping people holding on to those outrageously expensive longs (0.1% PER DAY!). I think so many people were holding onto longs waiting to sell over $300 that if the price dribbles down over the weekend they will close. Particularly ones held from lower down. In my opinion there are just too many people waiting to take profit (at least $3-4mill worth), we need to drop them off first and pick up some shorts to really get the fuel to pop over and stay over $300 for good.



1661. Post 10763621 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: SkyValeey on March 13, 2015, 06:13:47 PM
Pretty boring Wink. I prefer fast dump or fast rocket than this.

It looks like market is waiting for some whale move.

The whales have been selling into the overly bullishness the last couple of days  Wink



1662. Post 10763838 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: SkyValeey on March 13, 2015, 06:22:08 PM
Pretty boring Wink. I prefer fast dump or fast rocket than this.

It looks like market is waiting for some whale move.

The whales have been selling into the overly bullishness the last couple of days  Wink

Yes, you're right. Smiley Smth like "near-flat silent distribution" with 3 fake attempts to break 300.

But I don't think we're going very low, maybe 260-270 (?). I'm bullish in mid and bearish in short.

Mid/long taders can close ex and charts for few weeks and don't think too much about price.

Better correction now and then up than fast 350$ pump and strong downtrend like January.

I'm thinking a test $270, been calling it for days. Keeps the uptrend in tact. There's just too many god damn longs!



1663. Post 10763957 (copy this link) (by dreamspark) (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.



1664. Post 10784122 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: macsga on March 15, 2015, 07:26:26 PM
Yep. It seems we're in for a hot week. Let's hope we pump to the next leg up. I support the slow CCMF, but wouldn't mind for a huge pump up... Smiley

To be honest I think we've held up well considering there is no retail buying over the weekends, I expected a real drop from Friday until tonight. The positive feedback loop will have started and it takes time for people to rebuy who got out months ago and for the new blood to see that bitcoin isn't dead.



1665. Post 10784270 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: tarmi on March 15, 2015, 09:18:55 PM
good time to short.



Do it, jump on the OKCoin casino and go all in short 20x. Sure thing right?



1666. Post 10784306 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: tarmi on March 15, 2015, 09:22:58 PM
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  Wink



1667. Post 10785160 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: shmadz on March 15, 2015, 09:40:53 PM
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  Wink

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?

Yeah sure if you margin trade but tarmi doesn't ... apparently



1668. Post 10785570 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: michaelGedi on March 15, 2015, 11:39:35 PM

4 - I just don't see major investment into these unregulated exchanges happening right now just because there is all this "good news" and positive spin from WSJ etc.

Good job we have Coinbase and the BIT GBTC then and Gemini on the way.



1669. Post 10787022 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: Cconvert2G36 on March 16, 2015, 04:42:52 AM
RIP Stamp, it was a good run.

Yup, totally left in the dust, just had to refresh to make sure the feed hadn't crashed.

they still have 10-15k daily volume, with their fees that's probably around 1000 BTC of profit monthly. Hardly RIP.


Full on RIP might be premature, but they haven't had a single trade in the last 6 mins. Hardly encouraging.

People are only saying RIP because it used to be a volume leader. 1000BTC profit as estimated above though means thats far from the case.



1670. Post 10792668 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: michaelGedi on March 16, 2015, 05:16:46 PM
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.

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.



1671. Post 10792724 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: bassclef on March 16, 2015, 05:47:17 PM


It's possible though margin cascades are hard to predict. There might not be enough selling to even get us sub $280 at this point, though we might go there again due to low volume in general. When the market leaders are bullish and want to go up, watch them shake out the market downward as many times as it takes to clean out enough supply to do it while supporting certain price levels. They have both the bankroll and patience and it is a profitable thing to do.

Those longs who are well capitalized would need sub $200 to get margin called, and that price is close to bear delusion at this point. I expect they would hold through, just as some of the well funded shorts are doing who allowed themselves to be trapped during capitulation. I expect they, on the other hand, are getting mighty nervous as their danger zone is in the $300s. Some of the bearish activity you see is likely groups of them protecting their positions--I saw this activity all the way up from the bottom--seems to work well enough until a whale with a pump bot comes along and decides to annihilate them.

Holding a long at this sort of interest rate through a ~25% decline is stupid and a terrible way to trade though. Its not so much a margin call cascade as a stop loss cascade that could be seen. If people are trading without stop losses then god help them!



1672. Post 10793035 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: bassclef on March 16, 2015, 05:56:38 PM


It's possible though margin cascades are hard to predict. There might not be enough selling to even get us sub $280 at this point, though we might go there again due to low volume in general. When the market leaders are bullish and want to go up, watch them shake out the market downward as many times as it takes to clean out enough supply to do it while supporting certain price levels. They have both the bankroll and patience and it is a profitable thing to do.

Those longs who are well capitalized would need sub $200 to get margin called, and that price is close to bear delusion at this point. I expect they would hold through, just as some of the well funded shorts are doing who allowed themselves to be trapped during capitulation. I expect they, on the other hand, are getting mighty nervous as their danger zone is in the $300s. Some of the bearish activity you see is likely groups of them protecting their positions--I saw this activity all the way up from the bottom--seems to work well enough until a whale with a pump bot comes along and decides to annihilate them.

Holding a long at this sort of interest rate through a ~25% decline is stupid and a terrible way to trade though. Its not so much a margin call cascade as a stop loss cascade that could be seen. If people are trading without stop losses then god help them!

I've done it. Had a losing trade that ended up over 20% in the green because I held through. Not optimal, but it worked out. I'm a position trader so I'm holding onto trades for weeks and the cost of the loan is a very small percentage of my overall profits.

I don't trade with stop losses. Whales actively gun for them, so why give them the bait?

An anecdote that it worked out for you that time doesn't mean it will continue to.
It's far from optimal when you can cut your losses and find a way better entry. That trade that netted you 20% overall could have netted you a significantly higher % by re entering when the market reversed.
Obviously everyone should trade how they feel fit but what about the people who opened longs at $900. Should they have held until the market reversed and get margin called. Of course if your trading spot its a different story.



1673. Post 10793103 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: inca on March 16, 2015, 06:07:52 PM


Come again?

Your right, let me rephrase. Average over the last 3 or so months (or from the 'bottom' if you like). An important point to remember when the longs were higher than this level in around July to around September the price was much higher. Liquidating $5 million longs in August last year at a price over double what we are now will have course been at far less slippage due to the price being double. Consider the bid sum as well which has only decreased over the last year, that means that this rally has been mostly on leveraged longs and not with 'new money'.

EDIT: Also what happened with the price over the period from ath longs (mid july at a price of ~$640) and now? Then ask yourself why you should be wary of lots of longs being opened. The same amount of longs being open at $300 as $600 should be scary as fuck.



1674. Post 10793398 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.04h):

Quote from: bassclef on March 16, 2015, 06:44:24 PM
An anecdote that it worked out for you that time doesn't mean it will continue to.
It's far from optimal when you can cut your losses and find a way better entry. That trade that netted you 20% overall could have netted you a significantly higher % by re entering when the market reversed.

Obviously everyone should trade how they feel fit but what about the people who opened longs at $900. Should they have held until the market reversed and get margin called. Of course if your trading spot its a different story.

Indeed, it was during the selloff to $160 and the losses would have been substantial had I cut them. Instead, seeing that we were at a likely capitulation/selling climax after whales sold us off in reaction to the Bitstamp hack news (perfect finale to the bear market, bravo guys) I wasn't about to sell into it. Instead I bought heavily into the selloff and secondary test when I saw it was on low volume, averaging out my trade downward to bank a great profit when it went to $300 on the reaction.

Obviously the sell climax created a unique situation. Crazy trade that turned out to be though Smiley

Ah well that's a completely different story then, cutting your losses into fairly obvious capitulation is not advisable of course. That's a very very unique situation and exactly why I just said an anecdote that worked for you shouldn't be taken as an effective risk management and trading strategy. At pretty much any other time after June last year anyone holding a long position with no stop loss will have been liquidated if it was a long term position.



1675. Post 10797305 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

A lot of 2013 bull run bag holders wil have sold and those who haven't are unlikely to just sell for break after holding for this long. They either beleive in btc in the long term or know that if we get up to their prices again we are likely on another bull run.
Margin trading was arounf before the 2013 bull run so thats a moot point. Plus it being easier to short is just the same as it being easier to long. In fact with instruments such as 20x and 50x futures the upside potential of margin trading has more of an impact than the downside during a bull run.



1676. Post 10801046 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Yeah but everyone knows these companies just sell the coins straight away...



1677. Post 10802639 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

If you don't understand why this is more likely to go down than up then I feel sorry for you. It's simple, too many leveraged longs. Don't get high on the hopium, good traders make money both ways.



1678. Post 10807734 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: Xiaoxiao on March 18, 2015, 02:25:08 AM
About 10,000 coins were sold on Bitfinex alone to only bring us down $10, but the bid side remains the same. Take that info how you see fit. I know what that means to me.

Let me translate: Bull-market is ON. Bear-market is off. This 10$ move was an last failed attempt to reverse the trend. I see the we are going up.

What is your basis?

This experienced trader makes a valid point for something otherwise:

https://www.tradingview.com/v/iWXmzaeG/

Dont waste your time, no one left in here is a serious trader, if you actually want to hear the views of people who can trade both ways join whaleclub on teamspeak or trading view chat.



1679. Post 10807831 (copy this link) (by dreamspark) (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?



1680. Post 10807867 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: inca on March 18, 2015, 03:18:15 AM
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?

 Roll Eyes




1681. Post 10811533 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: ChuckBuck on March 18, 2015, 01:00:02 PM
Any Whale Club members in here?  You made the news!

http://www.coindesk.com/inside-whale-club-the-trading-room-that-loves-bitcoin-price-declines/

I bet they caused this dumpage...

Yeah I made the picture as well but I wont tell you my name Wink

Deffo didnt cause the dump though its been coming for a while, been tryna tell people for a couple of days. That hopium sure is a hell of a drug.



1682. Post 10811648 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: Kipsy89 on March 18, 2015, 01:07:26 PM
Any Whale Club members in here?  You made the news!

http://www.coindesk.com/inside-whale-club-the-trading-room-that-loves-bitcoin-price-declines/

I bet they caused this dumpage...

Yeah I made the picture as well but I wont tell you my name Wink

Deffo didnt cause the dump though its been coming for a while, been tryna tell people for a couple of days. That hopium sure is a hell of a drug.

Don't think it was too stupid to bet on BTC going above $300 over the last week. USD swap rates were going up, price was resilient. I think that this will be just another bottom and a new support to build the rocket, don't you agree guys?

Or a continuation of the long term bear market we're in. Who knows yet.

All I know is I tried to help people out the last two days by telling them it was gonna drop and they can trade both sides but as per usual nobody listens here in permabull land.



1683. Post 10811884 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: BrewCrewFan on March 18, 2015, 01:26:51 PM


Yeah and perfectly timed with news of another bunch of coins supposedly stolen. I guess a broken clock is correct at least 2 times a day.

Not really if you read my previous posts I'm not a perma bear, just a bear when its needed and a bull when its needed so your anology doesn't ring true I haven't been sitting here for three weeks saying down.
Think what you like, I'm a trader, I make money when it goes up I make money when it goes down, if you cant see how it was plainly obvious it was going to go down then thats not my problem. Bulls were weak, we tried to break and stay above $300 on several occasions it failed and the market was toppy. When everyone is screaming moon its the best time to sell. When most of the rally has been on leverage its time to sell. The long term uptrend line is at $250, there was no reason not to test that at some point.



1684. Post 10812483 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: Kipsy89 on March 18, 2015, 02:23:22 PM
I've always been amazed by your ability to always make money by always selling bitcoins and never buying any (to close your shorts).
Ha, well he's more of a troll and is completely against Bitcoin or unregulated assets in general. The high rate of failures and scams (which are bad, but natural given the unregulated nature of BTC) foster his cognitive dissonance what this is concerned even further ^^
What I said applies to the bear trolls in general. They always claim the price is going down and disappear during upswings. Either they are pure trolls only interested in annoying people or they are secretly buying when they are trolling he most.

Yeah I believe they can be split up into two kinds of people: Those who only denounce Bitcoin and get something out of simply doing that, and those who try to influence the price, go short, and also reassure themselves that they did the right thing shorting.

What about the majority of people here who try to influence the price, go long, and also reassure themselves they did the right thing longing?



1685. Post 10812909 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: inca on March 18, 2015, 03:12:59 PM
Sweet, I can buy much more then too Cheesy

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? Smiley

You realise that's bad, like really bad?



1686. Post 10813085 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: JorgeStolfi on March 18, 2015, 03:37:33 PM
Lets not forget that [ the Evolution thieves ] stole from drugs and arms dealers too....this isn't exactly nice Mt. Gox trading businesses that they stole from...

However, the thieves may be mobsters themselves.  They could refund damages of "colleagues", but may just show the Varoufakis Finger to rivals and small crooks.

Do you know who the evolution admins were?

They were admins of a credit card fraud forum so I think its safe to say they weren't exactly pillars of the community in the first place.



1687. Post 10814277 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

MMMM 300% profit, thank you overzealous bulls



1688. Post 10814624 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

All im saying is you lot are missing out shorting the USD right now. So many gains. https://1broker.com/m/r.php?i=2961



1689. Post 10814656 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: barbs on March 18, 2015, 06:21:30 PM
wow GBP / USD showing some bitcoin type volatility!

Yep get on 1broker in my link above if your not making money on it!



1690. Post 10814716 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: inca on March 18, 2015, 06:26:46 PM
Well you bears had to ruin all the run.  Grin

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..


Really....



1691. Post 10814794 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

These are the sorts of gains from longing eur/usd today  Grin



Add that on to my 300% btc short and I'm going to the club tonight Smiley




1692. Post 10814892 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: podyx on March 18, 2015, 06:43:15 PM
These are the sorts of gains from longing eur/usd today  Grin



Add that on to my 300% btc short and I'm going to the club tonight Smiley



With how big leverage can you short the dollar?
And you gain BTC for it right?

200x on forex, yeah its all in btc, use my 1broker link.

 https://1broker.com/m/r.php?i=2961



1693. Post 10814974 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: adamstgBit on March 18, 2015, 06:50:16 PM
Lambchop was right all along! Bitcoin is officially dead.

what is the reason for this Price drop?
No reason, traders manipulation.
aka:



Come join Adam, you'll like it here.

You realise the article is a bit of fun though and not actually doing any market manipulation. There are plenty of people in counter positions who speak in whale club. Lots of people got rekt on this drop. If you wanna look for manipulators you need to start talking about benjamin on trading view, people like him are the real market makers.



1694. Post 10815792 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: HalFinneysBrain on March 18, 2015, 08:16:42 PM
What the heck, why are margin longs increasing and shorts decreasing on this drop?  I wouldve thought it would be the opposite.  

Exactly why this is very very bad.



1695. Post 10815809 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: Ayle56 on March 18, 2015, 08:18:18 PM
What the heck, why are margin longs increasing and shorts decreasing on this drop?  I wouldve thought it would be the opposite.  

Where are you getting your information about longs and shorts from?

http://bfxdata.com/



1696. Post 10815902 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: adamstgBit on March 18, 2015, 08:25:43 PM
if you take a step back and realize that there might be more long demand as the bear market comes to an end and the bull market starts....



21M in longs is no where near the 31M we saw last year, and shorts are actually pretty high compared to last year, so i'm not TOO concerned about it.

I agree, the problem is that it takes far less of a movement in $ terms to liquidate that many longs at a higher price.



1697. Post 10816348 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: Bitcoiner_cph on March 18, 2015, 09:13:16 PM
Where is the bottom??? My longs on margen is called... will this fall stop soon???

When the other 22 million longs start getting called as well ...



1698. Post 10816459 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: Bitcoiner_cph on March 18, 2015, 09:26:17 PM
IS this fall normal??? just an correction?? or is it extraordinary?? Does it go faster, normal or slower then average?

No its not normal its all the fucking idiots long on margin who caused the rally in the first place.



1699. Post 10816492 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: derpinheimer on March 18, 2015, 09:28:47 PM
IS this fall normal??? just an correction?? or is it extraordinary?? Does it go faster, normal or slower then average?

No its not normal its all the fucking idiots long on margin who caused the rally in the first place.
According to BFXdata, longs are still rising, so they are not responsible. They will be responsible for the $100's once they are margin called though..

Who do you think is catching this knife? Do you think its real money or do you think its more margin. Think that should give you your answer.



1700. Post 10816527 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: tarmi on March 18, 2015, 09:32:00 PM
thank you guys, you made my day. my shorts from 290 range are turning very profitable.

watching with great interest.  Grin

You should have shorted on futures. My profits are around 450% now  Grin



1701. Post 10816846 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Well dunno bout you guys but I've had a brilliant day.



1702. Post 10816931 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: ChuckBuck on March 18, 2015, 10:10:49 PM


Like I posted before, it's these jokers doing it together:

https://www.whaleclub.co/

You have no idea what your talking about .



1703. Post 10817205 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

This is so far from over



1704. Post 10818187 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: dreamspark on March 18, 2015, 10:45:01 PM
This is so far from over

Told y'all  Wink



1705. Post 10818972 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: WeltMaster on March 19, 2015, 03:21:46 AM
Well, I only lost 15 bitcoin today...

 Cry

Sad that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin Sad

Sorry about your losses, 2 words though, risk management. Never let yourself get margin called.



1706. Post 10819070 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: DaRude on March 19, 2015, 03:48:25 AM
Well, I only lost 15 bitcoin today...

 Cry

Sad that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin Sad

Sorry about your losses, 2 words though, risk management. Never let yourself get margin called.

Luckily it appears there weren't that many people like you going leveraged longs with really tight margins who get called once position moves 15% against you. Hopefully you learned your lessons. Now can we get same people piling up on shorts, love seeing those getting squeezed.

Everyone on okcoin futures will be margin called if the market moves 15% against you. Even at 10x.

Don't you lot understand how bad it is that there are as many longs now as there were when this drop started.



1707. Post 10819211 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: DaRude on March 19, 2015, 03:59:43 AM
Well, I only lost 15 bitcoin today...

 Cry

Sad that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin Sad

Sorry about your losses, 2 words though, risk management. Never let yourself get margin called.

Luckily it appears there weren't that many people like you going leveraged longs with really tight margins who get called once position moves 15% against you. Hopefully you learned your lessons. Now can we get same people piling up on shorts, love seeing those getting squeezed.

Everyone on okcoin futures will be margin called if the market moves 15% against you. Even at 10x.

Don't you lot understand how bad it is that there are as many longs now as there were when this drop started.

Not familiar with okcoin was going by finex. Believe they require 30% to open and 15% to margin call minimum. Honestly I am a perplexed why more didn't close. On one side it's good as they have fatter margins hoping for more mature traders who know what they're doing but on the other side there's still potential of them getting squeezed causing a domino effect

He clearly says he had 5btc margin called on futures.

All it means is there is going to be a huge amount of resistance going back up as these people who have been looking at their negative p/l for days or weeks sell off. The whole rally was built on margin and now we're 50 bucks down with the same amount of margin longs. Put it this way, I'd put a higher weighting on visiting $220's before we see $290's again.



1708. Post 10824034 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: BitChick on March 19, 2015, 04:31:59 PM
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!  Wink

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. 



1709. Post 10824237 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: inca on March 19, 2015, 04:44:17 PM
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!  Wink

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 Smiley

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.



1710. Post 10824283 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: TankHankerous on March 19, 2015, 05:02:46 PM
I'm out.

These price fluctuations are a testament to bitcoin's volatility.

Smell ya later when the price is a bit more stable and reasonably priced.

See you in the thousands then, thats the only time there will be enough liquidity for stable prices.



1711. Post 10824366 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: TankHankerous on March 19, 2015, 05:09:15 PM
I'm out.

These price fluctuations are a testament to bitcoin's volatility.

Smell ya later when the price is a bit more stable and reasonably priced.

See you in the thousands then, thats the only time there will be enough liquidity for stable prices.

silly bitch

Cya later newb

Quote from: TankHankerous on March 19, 2015, 04:18:20 PM
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....



1712. Post 10824636 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: Andre# on March 19, 2015, 05:34:08 PM
I'm out.

These price fluctuations are a testament to bitcoin's volatility.

Smell ya later when the price is a bit more stable and reasonably priced.

See you in the thousands then, thats the only time there will be enough liquidity for stable prices.

silly bitch

Why silly? (Because she's right.)
Don't know about the bitch part, though.  Grin

I must have missed the part where I changed into a female lol.



1713. Post 10825482 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: JorgeStolfi on March 19, 2015, 07:04:32 PM
Just in case it has not been posted before, and someone is curious:

The ~50'000 BTC destined to the recent USMS auction had been stored since 2014-12-08 at this address:

  12pCPrWvudnefJCtXQUBcm9z2NogtC3Rix

Starting on 2015-03-09, those coins were split by a sequence of transactions into three chunks that seem to be transfers to the winning bidders:

  ~3'000 BTC to 1BdmMnKQ417EpUngAnJCYmjYmD9Cud9iZB (on 2015-03-09)

  ~20'000 BTC to 1EAPKSvouAkFJWr5HuNF6wrz4fCN2FBvaY (on 2015-03-09)

  ~27'000 BTC to 1DPx2UJtwCQ3N8eGiuDoZSCB7x3rAPWcXw (on 2015-03-10)

The payouts to winners can be identified with some confidence because each amount is "biddable" (i.e. m*3'000 + n*2'000, for some integers m and n), minus a small amount compatible with the transaction fee.  (The USMS announcement explicitly said that trasaction fees would be paid by the winner, hence deducted from the amount sold.)

Thus it seems quite likely that there were three winning bids, as above.  The last one, paid out on 03-10, may have been a second call after a first-round winner failed to pay in time.

Beware that those three bids may have been made by the same person or company.  In the 2014-12 auction, the USMS released the coins to 10 distinct addresses, the first 9 receiving about ~5000 BTC each, and one address receiving ~3000 BTC; even though all those 48'000 BTC were bought by the same entity -- the SecondMarket syndicate of small bidders.  The syndicate most likely offered different prices for each lot; according to the auction rules, they would have had to submit 10 separate bid forms, each form bidding for one 2000 BTC lot and one 3000 BTC lot.  So it seems that the USMS issues one separate transaction for each bid form, even if two bid forms were submitted by the same entity.

Jesus you've been away a while.

Go do some research, you'll be able to find out exactly who won the 3000 and also what happened to the 27000



1714. Post 10825854 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

This is not good, if we break below the 1day cloud shits gonna get real.



1715. Post 10826266 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: Fatman3001 on March 19, 2015, 08:35:16 PM
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...

I hope he is short on leverage and gets burnt badly. He used to be sort of a good read but nowadays it's getting close to trolling. I don't have to read what he has to say, there is nothing new. He's morphing into LambShroomie. Maybe he fears a bull market and misses 2014. But this is getting old quick.

Short from 290's I think he's quite safe from being burnt.



1716. Post 10826541 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Lol market maker just filled his shortssssss



1717. Post 10827177 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Tbh I wouldn't be surprised if there is some big news coming, that mini pump looks like insider info.



1718. Post 10827951 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: adamstgBit on March 20, 2015, 12:25:16 AM


Lol

Hows your day been adam?



1719. Post 10828158 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: adamstgBit on March 20, 2015, 12:30:41 AM

meh, i'm sick as hell, had to go see a doc today, started taking antibiotics.

going to bed now... at 8:30pm lol

ah gws mayn. Need to be up early tomorrow for more bitcoin craziness  Grin



1720. Post 10833768 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: WeltMaster on March 20, 2015, 04:37:06 PM
I think the lack of bidwalls are baiting another spike to 255

Not going to take the risk though, 260 is good enough for me


i wonder what btc will worth on monday ?

My guess is around 1 bitcoin

We're currently building a huge bear flag, target around 270 and then dropping to the core again  Wink



1721. Post 10833876 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: WeltMaster on March 20, 2015, 04:45:12 PM
I think the lack of bidwalls are baiting another spike to 255

Not going to take the risk though, 260 is good enough for me


i wonder what btc will worth on monday ?

My guess is around 1 bitcoin

We're currently building a huge bear flag, target around 270 and then dropping to the core again  Wink

Of course we are Wink

You keep up those shorts now!! Don't be afraid, bitcoin always goes back down

LOL

No shorts yet my friend, currently in a healthy long position from low 250's  fwiw.



1722. Post 10834088 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: klopper on March 20, 2015, 05:17:36 PM
1broker is where you should be trading! Making easy gains there! Cheesy

https://1broker.com/m/r.php?i=1353

Stop shilling your one broker link. Thats been my game for the last week or so  Grin

https://1broker.com/m/r.php?i=2961



1723. Post 10835446 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Dunno if you are all watching this shit but its better than any movie!

http://www.reddit.com/r/DarkNetMarkets/comments/2zlju6/valuable_information_on_kimble_and_verto/?sort=new



1724. Post 10837900 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

btc-e BTC withdrawals are working btw. Gotta love bitcoin!



1725. Post 10837930 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.05h):

Quote from: coinableS on March 21, 2015, 02:54:31 AM
Never thought I'd see the day where BTC-e starts policing the coins on their exchange.  Bitstamp of finex probably, but not BTC-e. Are they going to start verifying ID's too?

Did you not read above?



1726. Post 10842370 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.06h):

Quote from: BlindMayorBitcorn on March 21, 2015, 04:02:09 PM
Seals with Clubs back in operation.  More demand for BTC by gamblers.

http://btcfeed.net/reviews/swc-poker-back-and-better-than-ever/



Evo gone.  Less demand by druggies Sad

It's the circle of life...

There is more than 1 darknet marketplace, people will just do what they did when SR got shut down, move to another.



1727. Post 10842614 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.06h):

Quote from: SilenceOfTheLamb on March 21, 2015, 04:31:06 PM

Bitcoiners are happy to pay x2 - x10 more for drugs, as long as they can do it without leaving their basement.  Repeatedly losing *all* their coin is just an added bonus.
Dealers, OTOH, learn from their mistakes.

Its not that much more expensive it depends where you live. A gram of coke in Australia is north of $400/g so... Plus  its tested, reviewed and most things are much higher quality than the shit you have to go meet dodgy Phil down the back of an alley way for.



1728. Post 10871010 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.06h):

Uptrend from the 'bottom' broken, cy'all at the 160 double bottom.



1729. Post 10879864 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.06h):

Obvious bear flag was well... obvious



1730. Post 10895375 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.07h):

BIT is live. No shareholders are desperate to sell even for $315. Bullish?



1731. Post 10972726 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.08h):

Quote from: JorgeStolfi on April 03, 2015, 05:29:13 PM
You speak in what if's with little knowledge of the subject or that mater what "miners" want. No alts for starters...  A larger block size would solve transaction limits as was the original intent.

Did you read the posts?

Adam wrote that it was so difficult to get consensus on even trivial changes like increasing block size, imagine on postponing the halving.  I just pointed out that the miners will have no monetary gain with larger blocks, but would have a huge one with the postponement.

Last time I checked, the top 4-6 miners had more than 51% and were all in China.  Do we know what they may want?  

Since that "attack" would not be risk free, the top miners will not want to risk it unless they have much more than 51%.  Also, if the price more than doubles before that, say 800 $/BTC by early 2016, they would probably regain a comfortable profit margin and may be happy with it.

But with the price at 800 $/BTC, on the other hand, postponing the halving would give them ~500 M$ of extra revenue per year...

Sorry but thats bullsh*t, if the block halving changed the price would crumble. So they would have no monetary gain at all. It makes no economical sense, you suggest that the miners could agree on it and everyone who pays their bills (the buyers) would just be like ah okay. Not gonna happen.

Edit: Lets also not forget that 51% is where it becomes possible, its still a hard thing to do and to pull off succesfully would likely require much more than that.



1732. Post 10973872 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.08h):

Quote from: JorgeStolfi on April 03, 2015, 05:53:38 PM
Sorry but thats bullsh*t, if the block halving changed the price would crumble.
Already replied to that.  It is a subjective prediction of how "the bitcoiners" would behave. My view of "the bitcoiners" and their motivations is obviously very different from yours.

Quote
You suggest that the miners could agree on it and everyone who pays their bills (the buyers) would just be like ah okay. Not gonna happen.

Today, the new investors (those who buy or earn coins and hold them for a while) are quite happily paying 900'000 $/day to the miners, plus who-knows-how-much to the earlier investors who are selling; money that will never come back to the system.  The new investors cannot be entirely conscious of that.  So, if the halving were to be postponed, they would probably not take notice, and continue pouring in the same daily amounts, either way.

By the way, don't expect the price to immediately double when the next halving happens.  The miners will put 1800 fewer coins per day on the markets, but many earlier investors will start selling their coins once the price rises a little.  In other words, there is lots of hidden liquidity in the old hoards, that will readily absorb the 450'000 k$/day that the miners will stop receiving.

That's all on the pretence that there will be 21 million coins. I think your living on cloud cuckoo if you think that everyone would just be okay with a change to the amount of coins or the date of the halving. I'd sell mine immediately as would thousands and thousands of others. Bitcoin has no value if it becomes inflationary.

New investors are not putting that much money into the system per day. Not all coins are sold and no they would not be happy to continue to once the word is out that bitcoin is broken which it would. Your arguments are valid, and you convey them in a way that makes it difficult to prove right or wrong but I can say with all confidence that a change to the amount of coins or when the halving takes place will destroy Bitcoin and thus the incomes of the people who you suggest would be happy to change it.



1733. Post 11032362 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.10h):

What a joke, moderator deletes comments mentioning any alts yet lets sock puppet after sock puppet post rubbish all day long.



1734. Post 11032470 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.10h):

Quote from: bromide on April 09, 2015, 03:00:45 PM
What a joke, moderator deletes comments mentioning any alts yet lets sock puppet after sock puppet post rubbish all day long.

That's because socks are not against the forum rules.  Folks make money buying and selling accounts, with full forum/mod approval.
The "we ain't doing it to scam" backstory is built on the premise that those accounts are used to spam the forum with signature ad campaigns.
Smiley

I'm not moaning about there being socks in the first place I'm saying its a joke that my posts would be deleted as presumably off topic but the rubbish the socks and trolls post isn't. This is the de facto anything goes topic and has been for well over a year.



1735. Post 11032638 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.10h):

Quote from: Cassandra_PR on April 09, 2015, 03:20:52 PM
What a joke, moderator deletes comments mentioning any alts yet lets sock puppet after sock puppet post rubbish all day long.

That's because socks are not against the forum rules.  Folks make money buying and selling accounts, with full forum/mod approval.
The "we ain't doing it to scam" backstory is built on the premise that those accounts are used to spam the forum with signature ad campaigns.
Smiley

I'm not moaning about there being socks in the first place I'm saying its a joke that my posts would be deleted as presumably off topic but the rubbish the socks and trolls post isn't. This is the de facto anything goes topic and has been for well over a year.

Well, I'm sure they know what's best Smiley

Funniest thing I've heard all day, thanks for that  Grin



1736. Post 11033426 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.10h):

Quote from: Fatman3001 on April 09, 2015, 03:53:31 PM
@dreamspark

I see you got my post deleted. I'm guessing you're either american or german since there seems to be some irony deficiency at play here. Let me spell it out for you: I thought what you achieved was very impressive. Good on you!

Lol I didn't get it deleted, if you look above I was moaning that our posts were deleted. I understood, I didn't mean for what I was saying to come across like that, context, irony and sarcasm are often lost on the internet. Oh and I'm English. Thanks!



1737. Post 11253598 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.13h):

Quote from: JorgeStolfi on May 01, 2015, 01:49:07 PM
Last night's micro-bubble was apparently pulled by Huobi or BTC-e again.  If it was Huobi, could this be the reason?

Huobi Bridges Bitcoin with China’s ‘Booming’ Shanghai Stock Exchange
http://cointelegraph.com/news/114126/huobi-bridges-bitcoin-with-chinas-booming-shanghai-stock-exchange
Quote
is launching a new trading platform named Caimao that will enable users to mortgage their bitcoin to borrow Chinese yuan, which are then used for trading shares listed on the Shanghai Stock Exchange.

Mirco-bubble  Grin Grin Grin

Sweet jesus this is all getting way too funny



1738. Post 11306785 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.14h):

inb4 Finex rollback



1739. Post 11313779 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.14h):

pop  Wink



1740. Post 11314084 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.14h):

Quote from: noobtrader on May 07, 2015, 06:43:54 PM
Volume on GBTC is 2268

at the effective rate of $550/BTC!

thats more than double than the real price of btc, thats insane...  Shocked

bear should arbitrage real btc there instead of being bear all the time

You can't. You need shares to sell



1741. Post 11526925 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.16h):

Exchanges show such a small part of the market. How many coins are traded back and forth on them compared to how many coins are held of exchanges. Once the price rises significantly and those coins are held by traders rather than traded all the time, liquidity dries up fast. Saying that I think we are a year or two away from another ATH.



1742. Post 11561179 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.17h):

Quote from: dakota neat on June 07, 2015, 09:23:28 PM
now i locked half of my stash away from myself for 5 years using a nlocktime transaction. give up now bears, you can't do anything that will make me sell. yeehaa!

Very brave, you'll kick yourself if it goes to 10k a coin n then a major flaw is found and it goes to 0 without giving you a chance to sell at least some.



1743. Post 11570499 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.17h):

Quote from: chmod755 on June 09, 2015, 01:51:55 AM

P2P transactions in Bitcoin are extremely rare.

No they are not...



1744. Post 11633432 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.17h):

Naughty BTC. Not while I'm on holiday  Grin



1745. Post 11633615 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.17h):

quaterly futures hit $268



1746. Post 11772724 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.19h):

A break downwards here could get ugly.



1747. Post 11822012 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.20h):

Someones trying to get approx 7k contracts bought on futures. Could be fireworks time. The bounce off that dip yesterday was nice and strong. More than happy to be long atm.



1748. Post 11839570 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.20h):

Holy fuck, how did I sleep through this. Lost out on so many monies  Embarrassed



1749. Post 11839762 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.20h):

Bear market, downtrend. Something something something




1750. Post 11851747 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.20h):

$300 resistance is a bitch. Looking like a march repeat...



1751. Post 11859796 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.20h):

New yearly high.

Needs a retrace.

Buy the fucking dip.



1752. Post 11901530 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.21h):

Quote from: ask on July 17, 2015, 06:32:11 AM
Double bottom?

Head and shoulders...



1753. Post 11926279 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.21h):

Finex finally back up.



1754. Post 11942514 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.21h):

Quote from: BrewCrewFan on July 22, 2015, 01:33:00 PM
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....

And we kn ow when it is, how much it will be, and what the supply will be after.
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.




1755. Post 11943935 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.21h):

Quote from: inca on July 22, 2015, 02:07:17 PM

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. Smiley

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.



1756. Post 11945675 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.21h):

Quote from: inca on July 22, 2015, 05:51:35 PM

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. Smiley

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? Smiley

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.

Well yeah the 2020 halving is also 'priced in'. Everyone knows the economy behind Bitcoin production and inflation. Knowing from the start when halvings in production are taking place and having a cap on the total money supply is why many people are here and why many speculators forsee an increase in price over time as long as new money >= coins wishing to be sold.

As far as I'm concerned your biggest problem is with thinking that the only supply comes from mining. There are millions of coins out there that can be added to the supply side of the equation. There are single holders than can wipe the entire bid side from all exchanges if they so wished. Just considering mining supply is far too simplistic, and I'm certain if prices rise to ATH's and above there will be a lot of coins coming out of the woodwork. Don't take this as a bearish opinion overall just that blindly thinking halving = price rise and a continual price rise at that just doesn't seem logically sensible. 

On a side note I actually think price discovery in Bitcoin is really bad due to the amount of coins being held compared to the amount being traded but thats another matter all together.



1757. Post 11947105 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.21h):

Quote from: Elwar on July 22, 2015, 08:26:46 PM

Well yeah the 2020 halving is also 'priced in'. Everyone knows the economy behind Bitcoin production and inflation. Knowing from the start when halvings in production are taking place and having a cap on the total money supply is why many people are here and why many speculators forsee an increase in price over time as long as new money >= coins wishing to be sold.


Yes, nothing happened after the first halving when the price was $9 because it was priced in. Nothing happened soon after that. Can't fight science.

Explainable by demand (new money >= coins wishing to be sold), not necessarily a direct result of the halving. The point being you still need new money coming in to be greater than the value of the coins wishing to be sold regardless of mining amount. Saying supply halving MUST mean price increase is not true.



1758. Post 11952085 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.21h):

Quote from: rememberme on July 23, 2015, 08:01:35 AM
Look at 4 hour chart. We gonna moon

12 hour is even more beautiful.

6hr bbands are super tight as well.



1759. Post 11966454 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.21h):

Advocates precious metals during their bubble pop  Roll Eyes



1760. Post 11966540 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.21h):

Quote from: BayAreaCoins on July 25, 2015, 10:44:04 AM
Advocates precious metals during their bubble pop  Roll Eyes

Meh fuck silver Tongue Wink

There was an article I read yesterday saying that hedge funds were net short precious metals for the first time ever.

What that means to me is that every single one of those managers who held their precious metals over the last 4-5 years needs firing.



1761. Post 11999474 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: LFC_Bitcoin on July 29, 2015, 10:22:34 AM
After Testing the Technology for months, NASDAQ Will Use Bitcoin Blockchain

Most of you probably heard several months ago that NASDAQ planned to test Bitcoin technology within its business. It now appears the exchange will be rolling it out live in the fourth quarter, partnering with Chain.

From Bloomberg:

Nasdaq OMX Group Inc. expects to become the first major exchange operator to use the technology behind bitcoin when a project in its private-companies business goes live in the fourth quarter.

The stock market operator is partnering with infrastructure provider Chain to use blockchain to issue and transfer the shares of privately held companies. Blockchain is the ledger that drives the bitcoin digital currency.

More...http://libertyblitzkrieg.com/2015/07/27/after-testing-the-technology-nasdaq-will-use-bitcoin-blockchain/

Major stuff +1


I miss the days when news like this would pump the price $50 per day... Soon, though. This is Gentlemen.

Good morning from a 42C Greece.  Cool

42C Jeez!
Regarding the NASDAQ news - **Thumbs Up** - Positive news is slowly replacing the negative news of the last 12+ months. We'll get there bro, bit by bit (pun not intended) we'll get there. Big money is going to start coming into bitcoin in the near future. It's going to be very expensive for people to get into bitcoin in a few years, luckily for us we got in early enough.

Nasdaq 'news' is nothing to do with Bitcoin. Literally nothing. Why you think a company using blockchain technology would have any effect on the price of BTC is beyond me.



1762. Post 11999536 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: gentlemand on July 29, 2015, 12:36:16 PM

Nasdaq 'news' is nothing to do with Bitcoin. Literally nothing. Why you think a company using blockchain technology would have any effect on the price of BTC is beyond me.


Er, it's using the blockchain. They've rightly bypassed all the faffing around with their own and gone with the one that's, like, working right now and doesn't need to be built from scratch.

If nothing else it's a big, fat stamp of legitimacy. Try traveling back to 2011/12 on here and making this prediction and see how seriously folks would've taken it.



Is it using the blockchain though. No matter how hard that article tries to make it sound like they're using the bitcoin blockchain no where does it say that. They are using BLOCKCHAIN technology. Nothing to do with Bitcoin or the price of it. Even if its on the Bitcoin blockchain they could do whatever they are doing with fractions of a coin. No effect on price as they're not about to go out and by 100k coins to carry out whatever it is they are doing.



1763. Post 12009866 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

We're going down. Target $260 imo.



1764. Post 12011125 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: inca on July 30, 2015, 05:13:38 PM
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. Smiley

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.



1765. Post 12011992 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

No one said anything about retesting $160, jesus. Some of you permabulls would make so much more money if you learnt how to trade instead of cheerleading for the moon with your 20 coins.



1766. Post 12016229 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: LFC_Bitcoin on July 31, 2015, 10:39:39 AM
umm 200 incomming  Angry Shocked Huh Roll Eyes

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 Grin

3$ when you have 200btc it's a loss of about 600$, it every depends on how many coin you own, if u have 1 o worries but if u have more a dump of 10$ would be a lot of money


I'm a HODLER so I have no worries at all. The vast majority of my stash is in cold storage, I'm waiting for at least 5 years. You haven't lost anything during a period of downwards price movement unless you sell at a loss. Nobody sells on the way down unless they're retarded.

Oh how retarded I was selling on the way down from 1000. How retarded I was to more than 6x my stack on the way down. lol. Comon mate, better permabull arguments than telling people selling on the way down is retarded. Selling now could be a golden move if we drop 50 bucks.



1767. Post 12028346 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

But but but, 280 was the great reistance. Shorts were up to a whole 11,500. Poor bulls. Few more coins for me because I know how to trade. Ta.



1768. Post 12040392 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: cogabonito on August 03, 2015, 10:08:18 AM
c'mmon!!! go down!!!
need cheap coins! Tongue

It looks like you need to wait some more time for cheap coins.

Still have some big resistance at 285 and 290 before this short term downtrend can be considered over. Big resistance and support area at 273-277. Place some bids there and they may get hit. I had some bids filled there over the weekend.



1769. Post 12040551 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: n3o111 on August 03, 2015, 10:32:07 AM
c'mmon!!! go down!!!
need cheap coins! Tongue

It looks like you need to wait some more time for cheap coins.

Still have some big resistance at 285 and 290 before this short term downtrend can be considered over. Big resistance and support area at 273-277. Place some bids there and they may get hit. I had some bids filled there over the weekend.

There is no resistance in 285$. Resistance is in 290$ and 300$. Bitcoin still going sideways unless it reached 300+ or 270-.

Intraday $285 was support on 3 occasions during this last rise so yes it is a technical area of reisistance.



1770. Post 12042927 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: GaliX on August 03, 2015, 03:38:28 PM



I am pretty sure they are not lost ...

Nobody on this earth would be so dumb to lose the key to 550,000 BTC (it could be even 850,000...)
Not even Karpeles would be able to let this happen...

have you not read the Reddit AMA? The guy was using one account for himself and customers money. He also let nobody else have access to the back end meaning if he fell under a bus, goodbye funds and btc. He also deployed and tested updates on the live system. Plus when he did the historical 424k transfer HE VNC'D INTO A LINUX MACHINE TO DO IT. Meaning he was keeping nearly 500k btc in one hot wallet and using a graphical interface to access it and you saying he couldn't of lost/misplaced/spent/had hacked the rest of the coins, say whaaaa?!



1771. Post 12046532 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: Fakhoury on August 04, 2015, 12:05:28 AM
I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.


Who gives a shit? That's peanuts compared to previous auctions and ultimately I'd say they had a positive effect when they clearly went into the right hands.

How is that mand, this will dump the price if I'm not mistaken.

Because they say that they have confiscated approx $1million euros (whatever that is, pretty shitty journalism as per usual) still, a million $'s of btc is 3500~ coins. Hardly gonna tank the price.



1772. Post 12049839 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: Blazin8888 on August 04, 2015, 05:34:12 AM
woah this looks cool...great way to bring your "average joe" on board to crypto !
https://www.youtube.com/watch?v=YFP4rLoJfE0

Ah so thats why there has been a 200%+ pump for gmc.

Surely something like this would be easily done with btc?



1773. Post 12050461 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: purplejoy on August 04, 2015, 12:27:26 PM
I like how that fucking media tries to manipulate or kill or whatever bitcoin. On of my friend heard on tue radio that karpeles was arrested.guess what was the next sentence ? "Bitcoin is dead,bitcoin is abad investment,bitcoin is a stupid game,bla bla bla.

I heard something similar from one of my friends.  He asked me, "did you hear about bitcoin?"  "did you hear that the leader of bitcoin was arrested?"   hahahahahaha...   I did attempt to clarify for him, but he kept saying that he does NOT understand, and that he is NOT going to invest into anything that he does NOT understand.  I again attempted to explain a few more things to him, but it seems like he was willingly and purposefully trying NOT to understand anything related to bitcoin.

He's been brainwashed by the mass media, unable to think disruptively, in a paradigm-shifting manner.  Or a government agent (aka bankster) himself.
Stay away from him, JayJuanGee, he's nothing but trouble.

I think its harsh to say that his friend is nothing but trouble. You have to live and let live. Many people are happy with their lives and the 'luxuries' afforded to them under the current system. You can't hold it against someone if they don't wish to know about or engage in a financially disruptive technology. Many people live happy right now so why would they want to change it. This is the whole point about being early adopters and why we will come out on top if Bitcoin succeeds. 



1774. Post 12051868 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: Richy_T on August 04, 2015, 03:21:22 PM

I honestly think I'd prefer to feed myself feet first into a wood chipper [...].


Don't trouble yourself citizen, your overlords have people who take care of that kind of thing.

Or you could trade at the okcasino and experience the woodchipper first hand.

https://twitter.com/JimBitcoin/status/620997382331854849



1775. Post 12060207 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: LFC_Bitcoin on August 05, 2015, 01:28:52 PM
The price will go up within a few months, it is gonna skyrocket.

Most of us hope that statement will be proven correct. Unfortunately there's nothing concrete to tell us which way we'll go in the short to medium term. The price seems to be in a pretty concrete, boring range right now. I happen to think we'll go between 270-300 for another couple of weeks at least.

Between 275~ and 300 is pretty much a nothing zone, plenty of support below and plenty of resistance above.



1776. Post 12060296 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: eerygarden on August 05, 2015, 01:47:07 PM
The price will go up within a few months, it is gonna skyrocket.

Most of us hope that statement will be proven correct. Unfortunately there's nothing concrete to tell us which way we'll go in the short to medium term. The price seems to be in a pretty concrete, boring range right now. I happen to think we'll go between 270-300 for another couple of weeks at least.

Between 275~ and 300 is pretty much a nothing zone, plenty of support below and plenty of resistance above.

Unless of course the price moves below 275 or above 300.

That's a little piece of wisdom for you. No need to thank me.

Why would I thank you, you've just repeated what I said  Roll Eyes

It's a nothing zone, i.e no clear direction till it breaks either the support or resistance.



1777. Post 12062078 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Im so excited about the halving, whether you think its going to go up or down no one can argue that the uncertainty is gonna bring some volatility so us traders can finally make some good money again.



1778. Post 12062983 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: JorgeStolfi on August 05, 2015, 06:42:19 PM
Im so excited about the halving, whether you think its going to go up or down no one can argue that the uncertainty is gonna bring some volatility so us traders can finally make some good money again.

Well, after the last one on 2012-11-28 the price basically remained flat for 5 weeks.   

There was a rally after that, true; but before and after that halving there were several other rallies and crashes, which can hardly be consequences of it.  So, there is no good reason to think that the Jan--Apr 2013 rally was connected to it, either.

Things may be different this time, of course.  However, I would guess that the only direct effect will be a drop in the hashrate.  If that happens, there may be indirect negative effect on price. 

I think the fact there are a much greater number of people trading BTC now then there was then will see to it not being flat. imo opinion of course.



1779. Post 12068365 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: LFC_Bitcoin on August 06, 2015, 10:57:00 AM
Looks like we're going down? I really hope we don't fall fellw 275 USD, I'm not in the mood for another downward spiral to sub 270 & even below. Come on people these are still cheap coins, I'm absolutely at a loss as to ahy we're not getting new money pumped in right now. The fair price of 1 bitcoin is surely 350 USD +.

Any particular reason why the fair price is 350? Seems like a figure pulled right out of your ass lol.



1780. Post 12068710 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: Spider-Carnage on August 06, 2015, 11:54:20 AM

On another note, it's good that $280 seems to be holding up.

280 is gone, time to retest that support in the mid 270's area.

Could be a small settlement pump this week though...



1781. Post 12070765 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: aztecminer on August 06, 2015, 03:20:31 PM
obviously.. karpeles is a terrorist who must be waterboarded to reveal his secret key to the 550,000 missing bitcoins. they cannot afford to lose 5% of all bitcoins ever be made just cuz one fat turd decided to pull a scheme. does that makes sense ?? karpeles is causing bitcoins to be unable to become the worlds new reserve currency. they can't kill him. he is holding the bitcoins hostage. he didn't dump the coins as planned.

Tbh Im perfectly happy with those coins missing.

I hope in the deepest of my heart that he's lost the private keys or sent them to an old unaccessable address. 20.5 million total supply is fine with me.

(though there is alot of talk at the moment about actually raising the total supply and introducing a small amount of inflation but shhhh  Wink)



1782. Post 12070909 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: Elwar on August 06, 2015, 04:38:40 PM
(though there is alot of talk at the moment about actually raising the total supply and introducing a small amount of inflation but shhhh  Wink)

No there's not. It is a hypothetical that one person who does not like that idea brought up to make sure we approach the block size enhancement in a smart way (or else something stupid like raising the total supply could be pushed through in the same way).

So easy to russle jimmies ehy. As a speculator I am obviously 100% against it but I think a lot of people under estimate exactly how centralized mining and btc in general is gonna be in 10+ years time.



1783. Post 12077271 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Did anyone buy ETH?

Currently trading at 150x ipo price!!!

(well 25btc worth but still lol. Actually trading at 20x ipo)



1784. Post 12077666 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: Patel on August 07, 2015, 12:56:47 PM

With the lowest being 1337 eth : 1 btc

I'd have skipped on buying at 2000 per and bought at 1337 cause I still live in my moms basement. lol



1785. Post 12077873 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: soullyG on August 07, 2015, 01:23:25 PM


Any other ETH exchanges apart from Bittrex? If not, what are their verification/withdrawal policies like?

Kraken is where most of the early trades have taken place. There are orders on Polo but I dont think there are any ETH there yet for sale.



1786. Post 12079177 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: Theano on August 07, 2015, 03:18:22 PM
if you guys really think ETH is overpriced you can actually short sell it on Kraken... good Luck Smiley

Dont worry I plan to short the shit out of it once all the coins are on exchanges etc. There's a weird 24 hour period atm where the devs are asking to wait 24h for confirmations to be confirmed so most exchanges aren't trading it yet. Trust me when the market is operating properly it will crash.



1787. Post 12084500 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: JorgeStolfi on August 08, 2015, 07:18:41 AM
Brainwallet.com shut down permanently due to DefCon presentation showing high risk

Someone lost 50BTC (~$14k) by using a brainwallet with an empty string

Something about a fool and his money  Cheesy

I applaud the move, I think it aids the transition from nerdy tech geeks into the main stream. Brain wallets should not be an option to secure your wealth moving forward.




1788. Post 12086134 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

But but but, there was all that bid support. Fucking lol.





1789. Post 12086476 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: Hunyadi on August 08, 2015, 02:19:06 PM
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.



1790. Post 12086664 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: ssmc2 on August 08, 2015, 02:36:08 PM
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.  Cheesy

Anyways.



1791. Post 12086819 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: fonsie on August 08, 2015, 02:44:22 PM
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.  Cheesy

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.




1792. Post 12086950 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: inca on August 08, 2015, 02:58:56 PM

In your own words..proof or gtfo!  Roll Eyes

You can go back through my posts if you wish and find where I said we were going down, target $260's.


Then you can find yours about how the bears are out of steam, there's a whole 11.5k of shorts and how its such great fuel for the rocket.  Cheesy

Here's some more choice ones for you

Quote from: inca on August 06, 2015, 07:24:17 PM
Time for us to move up.. Cool

Quote from: inca on August 03, 2015, 11:38:17 AM
Ok calling it..i think we go up soon.

 Grin

Im just in troll mode on a boring weekend I like your posts really.

Just always gotta laugh at the same shit being touted over and over again. The same shit thats been said all the way down from ATH. oh its the manipulators, they want cheap coins.



1793. Post 12087020 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: fonsie on August 08, 2015, 03:04:56 PM


The fact that he has to keep telling it that he made bank again, says it all to me.  Grin

Oh hahahaha. I didn't even look at your name but now I see your the hilarious fonzie copy account that tried to take the piss out of fonzie when he was saying sell all the way down from $1000+. Don't be so butt hurt, you should have listened to him though might have actually made some money instead of watched your net worth dwindle.



1794. Post 12087057 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.22h):

Quote from: fonsie on August 08, 2015, 03:15:31 PM

On another note, it's good that $280 seems to be holding up.

280 is gone, time to retest that support in the mid 270's area.

Could be a small settlement pump this week though...

So your 260$ prediction has been made invalid by this comment above. Although you were not wrong...but since 280 was already gone, no prediction to cheer about.

But it's basically the same as telling "It's going to rain this week, but severe sunshine to be expected."

So I still think it's just a piggy bank that you made.

You're even more retarded than I thought. Nothing there invalidates my predicition of seeing $260's. Whats hard to understand about 'small settlement pump' that means a small pump into settlement not OMG mewn.



1795. Post 12087580 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: dakota neat on August 08, 2015, 04:31:06 PM
look how the cocksuckers rape this six year old child. i hope you die.

If macsga is honest about putting quite offensive Bulls also on "THE LIST"...

...you must be on "THE LIST" for a time. You are one of those bulltards that are more offensive and embarrassing  than a legion of trolls.

still begging for satoshis in your signature? maybe i should send you some?

please beg and i send you some, kid

You will be my first ignore I ever made. The most nasty trolls (as I can't ignore myself) ...and the must bulltarded bulltards didn't managed it... but reading you I feel vicariously embarrassed.

i sent you 10$ https://blockchain.info/de/tx/0a74f5a7e688eeef0a00566023b91dad761f5f34d33fac6a4357653174c9e981

no its written to the blockchain for eternity that you are a whiny, begging bitch.

hahaha

Didn't you just send him 0.372. Thats like $70. Please tell me you did that by accident cause if it is thats hilarious.



1796. Post 12088943 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: dreamspark on August 07, 2015, 04:08:11 PM
if you guys really think ETH is overpriced you can actually short sell it on Kraken... good Luck Smiley

Dont worry I plan to short the shit out of it once all the coins are on exchanges etc. There's a weird 24 hour period atm where the devs are asking to wait 24h for confirmations to be confirmed so most exchanges aren't trading it yet. Trust me when the market is operating properly it will crash.

Oh yeah, anyone who followed this one after the 24 hour period was up should have managed to short at around 0.008 on karken and made a nice 3x on this move... But yeah I guess I don't know what I'm taking about...



1797. Post 12089552 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: billyjoeallen on August 08, 2015, 09:32:51 PM
Volume wasn't even that high really for a 4% drop.

What makes you think it's over? The Chinese haven't even awakened yet, and a huge storm is rocking China, Taiwan, and Hong Kong and could prevent funds from getting to the exchanges for days.

it's gonna go down another 3 percent.  One thing's for sure: whoever catches the bottom will make some quick money on the bounce.




Someone gets it.

Bitcoin always has two legs down.

Same as during a run up it always has a top and then a lower top before going down. Even if you can't trade on ta. This simply makes money 9/10 times.



1798. Post 12089731 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: nioc on August 08, 2015, 09:57:59 PM

Impossible to remember?  I'm old and my memory ain't what it used to be but...

My passwords are created from the diceware method and are each 7 words long.  I have 4 of them memorized for 4 separate wallets.  Supposedly they are unhackable even when letting you know how I created them and their length.  In addition MyMonero creates a 13 word seed used for logging in and that is memorized as well.

Thousands of years ago before books were printed in any quantity, people would memorize an entire book so that they could share it with others.

Impossible to remember?  Don't tell me that you young whipper snapper!


and if you get hit by a bus?

I do hope your seeds don't exist solely in memory and you have back ups of them somewhere for either yourself or your next of kin to access.



1799. Post 12090138 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: inca on August 08, 2015, 11:23:11 PM
Down to 261 haha. Ridiculously thin orderbooks. Time to go cautiously long.

Now wil you admit it was a good call  Tongue

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



1800. Post 12090267 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Wanna know my conspiracy theory? Those ETH guys sure have got some big salaries to pay themselves. Hype the coin, dump on Joe Public, dump btc, profit? coincidence?




1801. Post 12090308 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

No matter how much money anyones lost today just be glad you are not the guy who had 21k contracts or 8k btc margin called on weekly futures  Cheesy



1802. Post 12092556 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: Ezmoneyezlife on August 09, 2015, 03:31:28 AM
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 .


Long not decreasing != margin calls cascade. Longs closing and being margin called are likely being bought up by more people using margin hence why it doesnt seem to move. I doubt the $30mil from two weeks ago close to 300 are the same people now.



1803. Post 12092973 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Where's tarmi at? I expected that name to pop up when we finally revisited this area.

Must have got really rekt on the run up from 220's



1804. Post 12093233 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: bad trader on August 09, 2015, 10:04:01 AM
I had 1-minute charts open for OKCoin, Finex and Stamp, and the latter two definitely followed. Not saying OKCoin necessarily led, but it definitely looked to me like BTC/CNY leading BTC/USD.
It's ridiculous to follow the Chinese exchanges with their tiny walls. Of course the NLC team is going to dump its two coins there and drop the price by ten dollars. How does it work, really?

You do know that OKC only shows 5% of its order book to avoid 'price manipulation'

Please tell me you're not an actual trader without knowing this.



1805. Post 12093318 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: LMGTFY on August 09, 2015, 10:21:32 AM
I had 1-minute charts open for OKCoin, Finex and Stamp, and the latter two definitely followed. Not saying OKCoin necessarily led, but it definitely looked to me like BTC/CNY leading BTC/USD.
It's ridiculous to follow the Chinese exchanges with their tiny walls. Of course the NLC team is going to dump its two coins there and drop the price by ten dollars. How does it work, really?
It's useful if you get a few seconds/minutes advance notice of what's about to happen over on Finex and Stamp...
Yes, but why does it happen? Traders do not follow BTC-e around much, although they have tiny walls too.

Volume (fake or otherwise) is my guess. It's easier to dump into an exchange with high (or at least, consistent) volume.

Because as I just said above its nothing to do with how big or small your walls are.

1) If you look at bid/ask support to base your trade decisions on quit trading right now, yesterday was a perfect example of this.  The Finex books have been stuffed with big bids above $270 for a week or so. All of a sudden thousands of btc in bids gets pulled and the price dumps. Happens all the time.

2) OKcoin only shows 5% of its books if it showed it all you would see very large walls.

3) Yes volume and the fact its the market leading exchange, most the time all the other exchanges are being dragged around by China, it's been this way for a long time.

Note, a large majority of western traders also trade on chinese exchanges due to their low fees, higher liquidity and better order options.



1806. Post 12097722 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: Morecoin Freeman on August 09, 2015, 07:43:30 PM
People waiting for $250 coins will be disappointed. Not going to happen.

Yar just like the people telling me I wouldn't see my $260 coins a week ago  Cheesy

Worked out well that one.



1807. Post 12097973 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: gotmilk_ on August 09, 2015, 08:23:35 PM
Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

Yesterday more or less all those bids were "real". I bet that one entity is playing on both sides of the order book.

The bids that were left were real. The guy was beefing the books up way further back so there was 16k ish showing back 30 bucks. When the price moved into the mid 270's they were pulled leaving around 9k back 30 bucks. He's likely pushing the market up into his shorts, removing his bids and tearing through whats left.



1808. Post 12098453 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: gotmilk_ on August 09, 2015, 09:31:45 PM
Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.

Yesterday more or less all those bids were "real". I bet that one entity is playing on both sides of the order book.

The bids that were left were real. The guy was beefing the books up way further back so there was 16k ish showing back 30 bucks. When the price moved into the mid 270's they were pulled leaving around 9k back 30 bucks. He's likely pushing the market up into his shorts, removing his bids and tearing through whats left.

Not sure about shorting (shorts aren't up that much).
I believe he is pushing the price down with small sells. Those and sells from other traders hit stop losses which fills his bids. This entity is probably also liquidity provider so they earn a lot with interests.

To be fair, I wouldn't be surprised if bitfinex alone or someone near them is running everything up. Market maker must trust bitfinex big time since he must hold a lot of fiat and bitcoins there.
After all it wouldn't be the first time one of the exchanges would manipulate the market  Wink

Short / selling. Semantics. I just mean selling coins not necessarily with margin.

How people aren't scared to absolutely fucking death the fact that there are only 2k ish more shorts and longs have increased not decreased during this drop I'll never know. This gon get so ugly.



1809. Post 12118579 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: Cconvert2G36 on August 12, 2015, 02:42:37 AM
The max_blocksize debate takes a big step forward. All the major chinese pools voting for 8MB blocks  by stamping the blocks they are mining. This plus chinese devaluation = UP.

The big miners are always going to want 8mb blocks, they have the economic incentive to as they can punish the smaller miners by not relaying their solved blocks to them and with the added bandwith needed to relay the larger blocks the big miners only relaying their blocks to the big miners
reduces competition and centralizes even more.



1810. Post 12130142 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: spiderbrain on August 13, 2015, 11:11:54 AM
So do I get to post anything without it being deleted?

It's Adams thread as you just said so yourself, clearly he agrees that we shouldn't be talking about alt coins in here and so deleted his posts about them and yours as well.



1811. Post 12132749 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: inca on August 13, 2015, 01:57:08 PM
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.



1812. Post 12133979 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: inca on August 13, 2015, 04:41:22 PM
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.




Tell me more about that proof you had it was one trader that dumped 10k  Roll Eyes.

I used to think you knew a bit about what you were on about but it seems that's not the case.

The price fell because once again we failed to break the second peak after a run up, back test it and you'll see pretty much every occasion we run up we make a high then a lower high then if we fail to break that second high we fall.

I called it back at 280+ and said we were going to 260's, that wasn't a random guess.

275 was major resistance, we broke it and sold off. Simple.



1813. Post 12140285 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: becoin on August 14, 2015, 01:25:38 PM
Kraken BTC/EUR has a similar wall to Bitfinex on a smaller scale ... 200BTC orders stacking up 7000BTC between €231 and €237. Notable because it's Kraken.

Thanks for this... This is interesting. Theories, why someone is doing this? Smiley

I bet someone is hopping for another margin cascade?
Kraken allows every order above 50 bitcoins to be hidden. So every order above 50 bitcoins you see has just one purpose: manipulate market. Take care! I'd give my business to exchanges that do not allow hidden orders.

Why?

Bitfinex allows hidden orders?

Okcoin only shows around 10% of their order book.

Trading Forex you don't really get to see the order book at all.

Bitcoin is one of the few places where you get to see complete order books.

If anything you should want to trade on the most least manipulated exchange and that would be one that shows no order whatsoever.



1814. Post 12141009 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: becoin on August 14, 2015, 03:42:14 PM
Trading Forex you don't really get to see the order book at all.
Oh, you can. Just need to be a privileged (level 2) customer!

But why should bitcoin forex be the same as the fiat forex trading? Bitcoin should be different! It must be 100% open and transparent! There is no excuse for hidden order books! Their only purpose is to not hinder the manipulation process through the "open" order books.

Thats why I said you dont really get to see the order book at all as you can see your brokers order book if your a level 2 customer but you can't see the order book of all the other hundreds of brokers simultaneously.

Your argument doesn't make sense as you say hidden orders are manipulation but then you want all the order books open which are the whales primary manipulation tactic. Big scare walla to push the price in the direction they want. As seen by the walls that were up before the drop through 275 where a large amount of them were pulled.



1815. Post 12144490 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: becoin on August 14, 2015, 06:00:19 PM

I want to see the entire order book only of the exchange I'm trading with! Where did I say that I want to see the order book of all the other hundreds of bitcoin exchanges simultaneously?


Then trade on a platform that allows that. As said not every stock/forex broker allows you to see their order books.


Quote from: dreamspark on August 14, 2015, 04:59:19 PM
Your argument doesn't make sense

Quote from: becoin on August 14, 2015, 06:00:19 PM
No, your argument doesn't make sense. What you're basically saying is - blind people are more difficult to manipulate than people capable of seeing every activity around? Is that really what you're trying to convince me?

If the whole order book is hidden then there is no way at all to manipulate anybody just by using the order books. If you are able to see the entire books then there is the ability to manipulate people using the order books with fake orders that the owners have no intentions of being filled. Is this incorrect?



1816. Post 12146916 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: becoin on August 15, 2015, 07:57:31 AM
If the whole order book is hidden then there is no way at all to manipulate anybody just by using the order books. If you are able to see the entire books then there is the ability to manipulate people using the order books with fake orders that the owners have no intentions of being filled. Is this incorrect?
This is simply an extension of your previous flawed argument. Now sounds like "if a man is dead there is no way at all to manipulate him. If he is able to see the entire world then there is the ability to manipulate him". Doesn't make much sense to me.

Every exchange is a market. Imagine a market where every seller puts a tag with the price and the quantity they sell. Looks like a good market to me even if they buy and sell same stuff.

Now imagine a market where sellers hide all the tags with prices and quantities they sell and instead there is one general price for information only of the deal just done. When buyers try to buy something at the general price what they get back is fraudulent practices like requoting, slippage, and front running. Why? Because such a market is not transparent and easy to manipulate! The only winning party of such a market are the owners of the market place trying to "optimize" their profit through buying from sellers and selling to buyers on top of the transaction fees they charge buyers and sellers... No, thanks. I shall not give my business to such an exchange!


Still doesn't make much sense, front running and behind the scenes manipulation is an exchange problem that should be solved by regulation of the exchanges themselves.

This is about manipulation by the market participants. In your analogy its like all the buyers in the market putting a price and quantity they want to buy and when someone starts to sell to the buyers at that price (the price moving towards the fake manipulatative asks/bids) the buyer then saying oops no don't want to buy it at that price and pulling the bids (the walls) just before you get a chance to buy them. Thus faking a demand at a lower price causing other buyers to put bids infront of them at a price they may not have been willing to pay but only chose to do so as they thought there was a lot of demand for the product. Thats manipulating the actual demand in the market.

Just like now there are 16k in bids back to 238 on finex, now if all those bids were real it looks like there is a lot of demand for btc above those prices. Naive buyers then place bids higher than that as they want btc and see that there is a large demand for it. The majority of those bids are fake, the buyers have no intention of keeping those bids there if the price is moving towards it. How it this not manipulative practice?

It would make sense however if once you put a price on something you weren't able to change your mind at the last second (pull the maipulative fake walls)



1817. Post 12156125 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: AlexGR on August 16, 2015, 01:34:15 PM
Can somebody explain this to me like I'm a 5 year old:

XT is supposed to make bitcoin futureproof, but how is it going to achieve that, when it can be spammed up to ~1.15gb / day, meaning that it'll take just 100 days for a determined attacker to increase the blockchain to +115gb, and around a year to take it up half a terabyte. Is this "futureproofing" or ensuring that the future of bitcoin is one where it dies out of bloat and where no-one wants to download it?

Increasing the fees within the 1mb limit is a far more acceptable strategy. If that means bitcoin not doing microtransactions (at least in the traditional / on-chain way), so be it. Gold coins weren't used for microtransactions either, they had silver and copper coins for that.

Good explanation.

Personally I'm still undecided.

Looking back at satoshis posts shows that he always expected the blockchain to get really big and for the vast majority of people to use 'client only mode'. Is this best path for Bitcoin? I'm not sure.




1818. Post 12158803 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: ImI on August 16, 2015, 08:11:24 PM

one is for sure, bad publicity has just getting started.

Yep and thats the main take away from all of this.

With all the bullshit going on r/bitcoin

All the chatter here it makes the whole project look amateurish, none of the big btc publications have picked up on it yet either. Will be interesting to see what happens when they do.



1819. Post 12164262 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: cyclotronmajesty on August 17, 2015, 11:32:52 AM
DAmn... just damn!




Even stranger is how it was only happening on one exchange: BTC-e the freak exchange of the internet.

Then when bitcoin dropped below 260... the stairway to heaven fell down.  Cheesy

I dunno if that isn't manipulation I dunno what is.

This is just what happens in low liquidity environments.

Big stop raids can also produce these kinds of spike when the liquidity isnt there.

This is why you dont often see such big percentage spike on other exchanges



1820. Post 12168396 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: shmadz on August 17, 2015, 10:54:36 PM
Nodes, not miners. (?)

From what I read, the threshold is 75% of the previous 1000 blocks mined by XT-compatible miners, but in January 2016 at the earliest

Kinda,

The trigger to allow larger blocks is dependant solely on miners.

Quote
Activation is achieved when 750 of 1,000 consecutive blocks in the best chain have a version number with bits 3 and 14 set (0x20000004 in hex). The activation time will be the timestamp of the 750'th block plus a two week (1,209,600 second) grace period to give any remaining miners or services time to upgrade to support larger blocks. If a supermajority is achieved more than two weeks before 2016-01-11 00:00:00 UTC, the activation time will be 2016-01-11 00:00:00 UTC.

Of course, as we've seen recently, the rules that the miners pretend to follow, and the rules they actually follow, are two different things.

Also, if the blocks created by the miners are not accepted by a similar "supermajority" of the clients, then those rewards from creating the blocks will be difficult to spend.

It's gonna be a big, hot, mess.

Add into that prorogation time of the conflicting clients, ie if the vast majority of clients are running core and not relating bigger blocks then propagation of xt blocks would be slower and there is the chance that they wont be relayed before a core block is propogated and begun to built upon.



1821. Post 12172864 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: Torque on August 18, 2015, 12:39:59 PM
There has been nothing but constant selling since 317. 

But... but...we were told the Greeks would be gobbling up these coins?!?!??   Roll Eyes

There's still much room to go down, notice our permabulls have been pretty quiet over the last week.

With the fork shit having no real end in sight and 32 MILLION in longs this could get a lot lot uglier before it gets better.

(Still short from 280, sold off the bits I bought in the 260's for a small loss  at ~ 262)



1822. Post 12173454 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

The media shit storm has begun. All in 20x short people.

http://www.bbc.co.uk/news/technology-33974826



1823. Post 12173591 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: chmod755 on August 18, 2015, 02:06:21 PM
Imo Gavin and Hearn are to blame for this.

Blame for what?

For sabotaging bitcoin.

You do realise that Gavin has been cashing out his btc and buying stocks instead!

So hilarious, anyone following these two compromised tards needs to lose all their btc. These two do not have btc's best interests at heart.



1824. Post 12173707 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: natewelt on August 18, 2015, 02:17:20 PM
Imo Gavin and Hearn are to blame for this.

Blame for what?



You do realise that Gavin has been cashing out his btc and buying stocks instead!



Show me proof

Sure, this article is from the financial times.

https://www.evernote.com/shard/s78/sh/882fdac9-556c-482d-a0c9-c2c2456c185c/55d0920c48d621d3

"While Mr Andresen tries to prepare bitcoin for mass usage, he advises caution to investors. He holds thousands of bitcoins, enough to retire comfortably. But he has been cashing them in slowly, investing in stock market funds instead."

Somebody who is supposed to believe the future of his project should not be making such a nightmare of PR every time he speaks to the media.



1825. Post 12174145 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: natewelt on August 18, 2015, 02:33:51 PM
From the article --- “If bitcoin is wildly successful, I’m still holding on to a good chunk of bitcoin. It could be worth tens of millions of dollars, but it could be worth zero. It doesn’t make sense to hold more than that amount. I don’t have a desire to be a multi-billionaire. That’s not what motivates me, I have no desire to be filthy rich.”


Sounds to me like he is merely taking profits on a portion of his coins and diversifying into other things. Sounds prudent to me. I also hold stocks which I think all people should if they have the funds.

You make it sound more dire than it is.

Any of you out there that bought coins below 100 and never have sold any are crazy in my book. Taking profits on a portion of your gains is prudent...not reckless.

He's a scientist and engineer not a financial adviser.

When speaking to the media or other organizations (which he shouldn't be doing as he's terrible at it, lets not forget why Satoshi left) it is not good PR for your project to say 'this is a project to upstage the current financial system and I will be putting my life into making it succeed. But, oh, I'm also cashing out of what I perceive as a new financial system and investing in the old one'

Advising caution is fine, he shouldn't be saying anything about what he's doing with his coins though especially if it doesn't show much confidence in it.

As chief scientist he shouldn't be talking to the media about any of his speculative positions, it's a HUGE conflict of interest.



1826. Post 12174493 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: phoenix1 on August 18, 2015, 03:39:03 PM
LOL! That article is from 6 months ago. Gavin has always been very clear that his major concern was the scalability of BTC, which remains to be proven.
As for divesting some of his BTC as he is not interested in being 'filthy rich' (his owrds) and still holds enough to be seriously wealthy, what exactly is the problem with this? Sensible move. Once you have made 'enough' do you seriously expect any sane person to leave it all on black or red? (I know there is not so much sanity in here, so I can understand why it is perceived differently ...)


Talk about missing the point. Not sure why the age of the article matters.

He has a massive conflict of interest as chief scientist speaking to the media. He shouldn't be talking speculation end of.

Imagine if the ceo of an up and coming company was speaking to the media and said "I believe in this company and I'm putting my all into it, however I'm also selling stocks of my company and investing in others".

Sure, that's prudent. That's also what most big share holders would do but you just don't say that. As I said PR nightmare and a massive conflict of interest.



1827. Post 12174637 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: phoenix1 on August 18, 2015, 03:58:11 PM

I find the honesty refreshing and don't see him selling some of his stash as a conflict of interest unless he is planning to buy them back lower.


Game, set and match.

How could you ever know this. Hence conflict of interest.




What a ridiculous argument. Now he is a liar too as well as bad PR ... proof?
I'm outta here - this thread is turning into a witchhunt. Good luck !

Good bye, you clearly don't get it.

There's no need to prove it, that's the EXACT reason why you don't talk speculation in his position because you can't prove either way. That's why you keep your mouth shut and don't give anybody a reason to think what your saying has any hidden agenda. Therefore your arguments for anything to do with the project are clear of any financial conflict of interest.

I have no problem with what he does with his coins. Hell he could be short his whole stash and I wouldn't care but in the position he's in it's not something you do as PR for your project, end of.



1828. Post 12177123 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Another great day for the bears.  

Still not closing my shorts this is going  down till this bullshit is resolved n that isn't happening  anytime soon.  

Support generally destroyed.  Dead bounces for the short term future.

Oh and still a retarded amount of margin longs



1829. Post 12178771 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Just the long squeeze you were all told about over and over and over again. Hope you were short and closed sub 200



1830. Post 12179698 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: billyjoeallen on August 19, 2015, 02:23:00 AM
feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

no it isn't. it went LOWER than last winter's crash on far less volume. 

Hes talking about 2013 crash before $1000+ run up.


Check the similarities.

https://www.tradingview.com/x/IpLkPD8i/



1831. Post 12183084 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

In the end the client will be decided by the exchanges not the miners.

What miner is going to mine a coin that then can't be sold on an exchange?



1832. Post 12183387 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: mmitech on August 19, 2015, 11:47:57 AM
In the end the client will be decided by the exchanges not the miners.

What miner is going to mine a coin that then can't be sold on an exchange?

you got that wrong my friend, if the miners switch to the new client, exchanges wont have any other choice but to follow, because the old chain will be dead... don't forget, miners are the sole of the network, Bitcoin rely on POW, so having X% of the mining power means controlling X% of the voting power in Bitcoin's network

Well its not quite that simple. Whats the point in having an alive chain and nowhere to sell them if exchanges stubbornly refuse to switch.

Its very chicken and egg.


Anyway I doubt it will ever get that far. Agreements will be made long before the network actually splits.

Dont forget an exchange actually owns 13.5% of the mining power as it is with btchina.



1833. Post 12183441 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: sAt0sHiFanClub on August 19, 2015, 12:18:04 PM
you got that wrong my friend, if the miners switch to the new client, exchanges wont have any other choice but to follow, because the old chain will be dead..
Not really, because new miners can jump in and resurrect the old chain. There was a recent case of an altcoin, I don't remember which one, which tried to hard fork but couldn't because the one exchange it traded on stubbornly refused to go along.

That might be an issue for a small network, where one player may have the power to do so, but as Phil Potter from Bitfinex said, "we will see what our competitors are doing, if there is a consensus, we will follow it'



And that's why imo the fork won't happen. The majority of players like Finex don't mind either way *that* much. They just want to stay in business. Therefore there will be a lot of looking around and waiting for other people to make the move which is why it wont happen. As Gregory Maxwell has said, consensus is very hard to get in btc and there's good reason for it. It should be hard to make big changes to Bitcoin and the very large majority should be in favor of it to do so.



1834. Post 12184667 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.23h):

Quote from: Richy_T on August 19, 2015, 02:03:34 PM

XT'ers shouldn't be lobbying miners directly. They should first lobby the node operators, then the exchanges and payment processors. If they win those two battles the miners will follow.

Many mining pools have already indicated they want bigger blocks. That doesn't necessarily mean we'll see a switch to XT but if we start seeing the higher block version numbers increasing in number, it could start a rush to XT.

Or a half decent solution come out of the core team that addresses the need for bigger blocks but doesn't fork the network, raise the block size so large the spam bloat on the chain will render it humongous  or move us from a team of core devs to two mavericks.



1835. Post 12187369 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

So hands up. Whos seriously buying at this level? (As a trader, not as a long term purchase).

All the technicals point to more down.

To be honest we're lucky that China held up so well while all the fishyness was going on over at Bitfinex.

Oh also congrats everyone who longed the Euro pre FOMC meeting.



1836. Post 12187619 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: bassclef on August 19, 2015, 07:44:48 PM
All the technicals point to more down.

No they don't. Oscillators and RSI are way oversold on large timeframes. Maybe we'll get a retest of lows, but it'll probably be a higher low.

When you get climactic action to the downside like this and the bars close way above the lows, that means the market found high quality buying at that level and is an indication of strength. Market weakness is found on green bars near the tops of rallies, where the volume either trails off or you get high volume on narrow bars (evidence of high volume selling entering). That's when you short--not here after climactic action to the downside which removes all the selling.




"Maybe we'll get a retest of lows, but it'll probably be a higher low."

So down then.

Depends what time frames your looking at completely. Weekly MACD is about to turn down.

We shall see, still $25 million in longs on BFX, LOL and that's after being told for the last 3 months that $30 million in longs was okay.

Standard triangle consolidation is occurring at the moment and I would seriously not be surprised to see it break out again to the downside. Where did all the bids go on Bitfinex? This could get so so ugly, where is everyone long on Finex going to close into?!

We shall see, its all speculation but there could still easily be a complete wipe out of those longs before we go anywhere.


Quote from: Morecoin Freeman on August 19, 2015, 07:59:33 PM
I completely agree with user bassclef.


Of course you do, you're long. You also thought $255 was going to hold



1837. Post 12187820 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: bassclef on August 19, 2015, 08:13:45 PM
"Maybe we'll get a retest of lows, but it'll probably be a higher low."

So down then.

Depends what time frames your looking at completely. Weekly MACD is about to turn down.

We shall see, still $25 million in longs on BFX, LOL and that's after being told for the last 3 months that $30 million in longs was okay.

Standard triangle consolidation is occurring at the moment and I would seriously not be surprised to see it break out again to the downside. Where did all the bids go on Bitfinex? This could get so so ugly, where is everyone long on Finex going to close into?!

We shall see, its all speculation but there could still easily be a complete wipe out of those longs before we go anywhere.

Down slightly, then up. Catching a short here is dangerous.

If the longs are well-financed, it will take a dip to $100 or below to call them. You really think bearwhale will risk taking out another $3 million short? Everyone thought the sky was falling after $166 yet the best trade would have been long from there. I longed at $180 when everyone was crying about the end of Bitcoin.

Sell climaxes are meant to unnerve investors and encourage shorts in inexperienced traders. I bet you went short after the crash to $166 too.


No as I said if you wanna check my posts I was short from $280's on futures. I'm up a few hundred percent atm. Im also not short BTC atm, I'm hedged to protect my $ value and am crushing Forex instead  Grin

Look as always we shall see BUT do you really think that if this shit tanks, like really really tanks that an exchange like BFX can survive and make lenders whole. These are worse case scenarios but its a very scary time to have all your money in coin and on exchanges.

Um yeah, bearwhale just made a shit ton of money shorting high 200's it takes so little money now to start moving downwards again, everyone who opened trades around here and a little lower will want out, there's no bid side left on BFX anymore what are they going to close into.



1838. Post 12187854 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: Fatman3001 on August 19, 2015, 08:24:31 PM

...And the other 21 million obviously didn't fold even at $162.


Not all longs with liquidation price under $200 were liquidated. The liquidations were paused to allow the market to recover. How many are left and whether it's worth the risk of selling the market down to those prices again is any one's guess however.

Do we know at what point the liquidations were paused?

No but they have a system where if an order or liquidation moves the market by a certain % they wait to execute them.

Also after having multiple conversations with Phil from BFX before their liquidation system is very very dodgy. He explains it a little bit in the recorded teamspeak chat that's on soundcloud now.



1839. Post 12193352 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: Norway on August 20, 2015, 01:21:41 PM
Higher fees don't remove the upper limit of 7 transactions per second. Is that so hard to understand?
Neither does XT altcoin.  Is that so hard to understand?
XT is not an altcoin. And it does widen the bottleneck until a better scaling solution is in place.

The point is it's still not a very good solution and the bottle neck would not be present without the spam/dust transactions.

It's really that simple.

It's a kick the can down the road situation that amounts to Gavin and Mike throwing a hissy fit.

Do you read the BIP's? Its not like core are sitting there saying 1mb is good forever, just that the solution isn't to suddenly throw 8mb patches into the mix. Further XT is basically Gavin and Mikes coin, are you confident that you want to trust the future of the project to these two dictators who, even if other devs join them on XT, could just do the same thing further down the line when they want to change something else.






1840. Post 12193806 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: Norway on August 20, 2015, 01:51:35 PM

None of the BIPs you talk about have been put in effect. That's why we have XT today.

EDIT: And yes, I trust Gavin more than Wladimir.

Ummm, that's why they're proposals.

But they can be and are being discussed as we speak, that doesn't mean we need to start throwing toys out and forking the network.

Many people support bigger blocks, but not XT. Bitpay for example have said they are in favor of bigger blocks but in CORE, not XT.

Sorry but I trust the whole core team more than the CIA, sorry Gavin.

At the end of the day it's all being blown out of proportion, consensus one way or the other will be reached and I very much doubt that consensus will settle on XT. If anything it's a good play by Mike and Gavin to hurry along the advent of a better solution.

EDIT: 'if not we will just vote them out'  Good luck with that, this decision is far out of your hands personally. End of the day the miners, payment processors and exchanges will decide.






1841. Post 12195725 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: Andre# on August 20, 2015, 05:43:56 PM
About 12% of nodes are running XT with zero blocks mined.

13% and 2 blocks mined.

http://xtnodes.com/

https://getaddr.bitnodes.io/nodes/

Have you got the data for how many of those are nodes that have switched rather than new nodes ?  Wink

You can tell by the split on this that they're just not going to get 75%. Aint going to happen.

There are people with more economic power to thwart a change to XT than people who support it.






1842. Post 12197949 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: T-Hanos on August 20, 2015, 11:02:56 PM
I wonder where all the >100k margin long coins want to dump into at some point... There is still not a lot on the Bitfinex book which would prevent the next margin call round if somebody decides to dump..

Some people are really trapped as it seems

Yeah, wanna know something that makes it all worse than just whats shown on USD margin swaps?

The fact that most people hold BTC as collateral, BFX have said this themselves. So, not only are people accruing all this interest owed to lenders, when they are liquidated or close, their BTC collateral also has to be sold adding even more fuel to the bear fire.



1843. Post 12202193 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: ghandi on August 21, 2015, 12:13:16 PM
where are the finex walls?

They got eaten. Completely.

Didnt you get the memo?

BFX's liquidity provider just went fuck this shit and pulled all the liquidity right before the big sell off.

There's only one or two big liquidity providers left on BFX, they all moved on after BFX exposed that they were paying 0 trading fees.

Everyone's on OKC now. Don't be surprised if BFX becomes just another stamp like fiat gateway.



1844. Post 12202640 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: billyjoeallen on August 21, 2015, 01:05:39 PM
where are the finex walls?

They got eaten. Completely.

Didnt you get the memo?

BFX's liquidity provider just went fuck this shit and pulled all the liquidity right before the big sell off.

There's only one or two big liquidity providers left on BFX, they all moved on after BFX exposed that they were paying 0 trading fees.

Everyone's on OKC now. Don't be surprised if BFX becomes just another stamp like fiat gateway.

If they pulled out, others will move in to out bid me. Or I make bank.
Traders love volatility. Investors don't. I'm both. I ain't worried either way.



You're not a liquidity provider in the sense that I'm talking about, yes traders provide liquidity but exchanges have deals with certain parties to provide serious liquidity on their platforms.  

It's way more complicated than just traders will step in to provide liquidity. Just look at the effect of closing $5mill in longs when Mr MM pulled his liquidity.

You do know BFX had to halt margin calls even though they reached liquidation price due to the lack of liquidity on the bid side and how much the cascading calls would move the market. Trust me I've had multiple conversations with Phil about it.

If they had let the margin calls and sells carry on organically BFX would have eaten the whole of its book during that crash.

"If they pulled out, others will move in to out bid me"

They pulled out, have you seen the order books, $2.6 million moves the market down 50%. There is barely more on BFX's books than stamps and stamp doesn't have 100k BTC in longs hanging over its head.

I know several whales who moved long ago when this 0 fee fiasco happened, nearly all the big traders are on OKC.



1845. Post 12202663 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: BitChick on August 21, 2015, 01:16:05 PM
Saw an article this morning.  http://www.msn.com/en-us/news/technology/the-blackmail-of-ashley-madison-users-has-already-begun/ar-BBlXLTH?li=AA54ur I guess a extortionist group called "Team GrayFlay" is already threatening to blackmail Ashley Madison users in the hack and they want payment only in Bitcoin.  From the article
Quote
Unfortunately your data was leaked in the recent hacking of Ashley Madison and I now have your information. If you would like to prevent me from finding and sharing this information with your significant other send exactly 2.00000054 bitcoins (approx. value $450 USD) to the following address…
Quote
If Team GrayFlay (or any other blackmailer, for that matter) emailed all 32 million account holders, and just 0.01% of them agreed to pay up the $450 (Ģ288) ransom, it would still earn them $1.4 million dollars (Ģ0.9 million).

So I guess this is bullish news?  Not sure how I feel about making a profit on the heels of extortion though.   Undecided

Nobody will pay that if they have half a brain.

The data is so easily accessible publicly you would get blackmailed repeatedly, you pay this person then you have to pay the 1000 more who also threaten to expose you. Gaining a silence fee only works if you're the sole holder of the information. At this point anybody who finds themselves exposed through this hack is better off just fessing up. Nobody is rich enough to pay off everybody who comes threatening them.



1846. Post 12204010 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: billyjoeallen on August 21, 2015, 01:53:28 PM


Those books don't show my hidden lowball orders and I suspect many more on top of mine.

I'm HAPPY those longs were closed. They put a ceiling on price.  every margin long has to close before profits are taken.  I closed a bunch myself when I trippled down AFTER the bottom, got my average buy-in price below spot on the bounce, closed and used the profits to buy MOAR BTC.  


edit: and screw those guys. Why should they get zero fees when I have to pay?

Those books also don't show the shit storm of btc that would be sold into those hidden orders as well.

Yeah and there's still 100k btc at CURRENT prices of longs open, that's still a hilariously large ceiling on the price if you ask me  Cheesy

Because they make markets, have you tried to trade on an illiquid exchange, without market makers and liquidity providers most the exchanges would be hardly more liquid than some shit coin markets, spreads would be massive and us traders couldn't make money, its how this shit works.




1847. Post 12223706 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: Terwa on August 23, 2015, 10:37:12 PM
time to crack 220 ?
220 is a very strong resistence, it not easy broke it

$220 is gone, dead buried.

Just a series of lower highs and lower lows, come back in a year or two. This shits dead for now.

BFX is going to collapse. There's simply not enough money there to make their lenders whole. Gonna be very very ugly for those with coins or cash on that platform. Most people on there use BTC as collateral as well so when they get liquidated more btc needs to be sold to make usd lenders whole. With the state of the books at the moment it won't be able to absorb it. $160 and lower will be seen on BFX for sure.



1848. Post 12223813 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: aztecminer on August 24, 2015, 01:21:49 AM
time to crack 220 ?
220 is a very strong resistence, it not easy broke it

$220 is gone, dead buried.

Just a series of lower highs and lower lows, come back in a year or two. This shits dead for now.

BFX is going to collapse. There's simply not enough money there to make their lenders whole. Gonna be very very ugly for those with coins or cash on that platform. Most people on there use BTC as collateral as well so when they get liquidated more btc needs to be sold to make usd lenders whole. With the state of the books at the moment it won't be able to absorb it. $160 and lower will be seen on BFX for sure.


did you hear that everyone ?? bitfinex is going to collapse....

It's already started.

You know they had to stop margin calls on that sell off to 160 as there wasn't enough liquidity on the books if they had let them carry on cascasing it would have gone to 0. They simply couldn't handle even half of the $25 million in longs they have open closing.

When longs were this high before we were at over double the price and there was a huge amount more liquidity on there.



1849. Post 12227504 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Like I said yesterday, BFX is dead. 0 liquidity. That dump was another round of margin calls. Just $22+ million to go.



1850. Post 12227681 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: aztecminer on August 24, 2015, 12:53:13 PM
Like I said yesterday, BFX is dead. 0 liquidity. That dump was another round of margin calls. Just $22+ million to go.



looks like heavy resistance 220 was defended again ..

Resistance means resisting the price going through it, maybe with a tiny drop below. Not deeply penetrated twice in a week.



1851. Post 12227903 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: fairglu on August 24, 2015, 01:18:53 PM


Most pointless trend line ever. BFX confirmed that that $100 flash crash was a glitch and reversed the trades. Only a few trades took place down there anyway.



1852. Post 12228236 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: fairglu on August 24, 2015, 01:50:59 PM
BFX confirmed that that $100 flash crash was a glitch and reversed the trades. Only a few trades took place down there anyway.

True, but also completely irrelevant Smiley

Charts are not about what happened, or why, or if they are correct, or if they bear any relationship to reality, but about how other people and trading bots that read them react.

In that case, it's a perfect alignment of 3 lows separated by months, meaning some bots or people, are/were watching that trend line. That the first point is pointless in the real world is itself pointless, bots and people reacted to it, and that's all that matters.


Not true at all. Well slightly true but your argument completely disproves your point.

It is about how people read them and you're the only one using that spike in your trend lines nobody else is using that drop, go onto trading view and find me a chart where someone else is using BFX and that $100 spike that never actually happened, everyone else is reading it and interpreting it correctly which is as an anomaly.

Also most trading bots are on OKC due to their liquidity and near 0 fees, hardly any bots run on BFX now days so that point it moot also.



1853. Post 12228455 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: fairglu on August 24, 2015, 02:13:49 PM
...go onto trading view and find me a chart where someone else is using BFX...

IME "real traders" do not share their charts, the only ones that do are pros with a view and baseline amateurs (like me).

This trend happened, and interestingly enough the low spike before it was on a trend as well


I was lucky a few month ago (https://bitcointalk.org/index.php?topic=839312.0), my crystal ball gives a a target at $230 on early November/late October, and $250 around March 2016, with some movement in between, including a possible new low near $150. Feel free to disbelieve and laugh if I am wrong Smiley


I'm not saying your wrong and I wouldn't laugh at you (only bag holding $500+ perma bulls get laughed at) , its all TA, its all opinions and probabilities but trust me you're the only one using that spike as part of your TA.

Who in their right mind uses one random spike on one exchange to base their trend lines off.

I'm only trying to help you out. If you consider yourself an amateur then learn, do not use one random spike on one exchange to base your TA off.



1854. Post 12230361 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: adamstgBit on August 24, 2015, 05:43:00 PM
this morring the news was this http://blog.blockchain.com/2015/08/24/industry-endorses-bigger-blocks-and-bip101/

and the price crashed

the more XT is pushed the more the price will fall?

this kinda feels like the SR crash... something first viewed as a negative will actually pave the way to greater adoption

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.



1855. Post 12230640 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: adamstgBit on August 24, 2015, 06:03:14 PM
starting to think there no need to increase block size limit because bitcoin will soon not be used at all

Someone gets it.

This is why the whole argument is irrelevant anyway. We were at no where near close enough adoption to start forking for 8mb blocks for christ sake.

Gavin killed the honey badger.

RIP anyone who bought after Nov 2013



1856. Post 12230740 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: adamstgBit on August 24, 2015, 06:17:27 PM
starting to think there no need to increase block size limit because bitcoin will soon not be used at all

Someone gets it.

This is why the whole argument is irrelevant anyway. We were at no where near close enough adoption to start forking for 8mb blocks for christ sake.

Gavin killed the honey badger.

RIP anyone who bought after Nov 2013





Other than the spam attack average block size at around 0.4 MB.

Absolutely no where near full blocks let alone blocks 18 times bigger than the current. 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.  



1857. Post 12232648 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: JayJuanGee on August 24, 2015, 10:02:43 PM
Down we go again.

I surely see the downward momentum.. yet I find it somewhat surprising that bitcoin prices seem to be gong down at a very similar, if NOT greater rate than fiat markets.. ...

Yes, yes yes... fork issues...

Nonetheless.. in spite of fork issues, I would have expected BTC prices to move somewhat contrary to fiat markets... whether short term or long term...  and in spite of fork issues...

Bitcoin should be a good hedge.. and a decent investment...   Accordingly, Fiat markets going down should indicate that BTC are to be going up... no?

When markets crash like this, cash is king.

Who in their right mind is gonna liquidate their stock holding etc and then throw their money in something that just lost 30% of its value in a week. Do you think people are retarded?!



Also nice post Alex, covered pretty much what I would have replied.



1858. Post 12233042 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: JayJuanGee on August 24, 2015, 11:08:49 PM

Wasteland is right, confidence is one major "selling point" of Bitcoin. This kiddy nerd fights are for sure not helping in that regard. It seems like several billions have been handed to some teenagers.



The nature of any politics results in squabbling that appears like kid fights, that is NOT so unusual as  you are making it out to be...

Yes, surely, there is an ongoing lack of confidence that drives the price downward, and fearmongerers that also contribute to negative sentiments...

At the same time, we could go down either road and still be o.k.... our vehicle is still intact.... and mobile and capable of taking us in either direction, so long as we can agree to who is driving and whether we go 40mph or 80mph... and whether we pull the trailer or leave it at the campsite...

At the end of the day it's all a question of liquidity. There are many big holders who, while being btc rich, could never feasibly cash out their stash due to lack of liquidity. If just a few of them cash out a small percentage to lock in profit the market tanks. Add into that a negative sentiment and the price has nowhere to go but down.

Its funny though, if the price drops much more there is going to have been more VC money invested in the eco system than the market cap of the product they are venturing for.

I do think we'll go down BUT dreams of $50 btc wont happen and those prices wont remain for long. There are too many rich people out there who would throw a million in for 20k coins to see those levels for long.

It is true though that there comes a point where the price is so low people will lose interest and a lot of the momentum will be lost.



1859. Post 12233078 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: HerrAndreas on August 24, 2015, 11:31:05 PM
Funny how these quarrels amongst coders get so many people so excited when we are actually just on our way down from willy/markus artificial highs towards the actual production cost of bitcoin (as any "regular" commodity would behave). As long the max amount of btc has not been mined (or that event is even poking from the far horizon), the amount of cash needed to mine a bitcoin is where the price is pulling.

Yes that is kitchen economics, but ffs thatīs just how stuff works.  

Fear not forks, fear free energy.



Wrong.

As long as there is speculation and demand the price can remain above production cost indefinitely.

You presume every mined coin is sold which is an asinine assumption.

The caveat of course is the price can also go below production if existing coins are added to the supply side.

The point being to use the cost of production as a metric for the true price is misinformed.



1860. Post 12233298 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

One thing is for sure and you can quote me on this later. This whole XT mess will go away at some point when all the devs get together and sort it out, agree to future pull requests etc. When that happens god help the shorts.



1861. Post 12233933 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: nicked on August 25, 2015, 12:24:28 AM
One thing is for sure and you can quote me on this later. This whole XT mess will go away at some point when all the devs get together and sort it out, agree to future pull requests etc. When that happens god help the shorts.
That will never happen until Blockstream is removed from the equation.

Missed this in the mele.

Ummmm, nope. It's far more likely that XT will be rejected and a consensus reached on an alternative.

BIP 100 already has 25% of the hashing power currently backing it.



1862. Post 12233965 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: billyjoeallen on August 25, 2015, 02:11:31 AM
So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?

Forget XT, it's not going to happen. Some version of bip 100 will likely be chosen. XT is a coup to produce some action.

Production cost is still below current price.

If big enough mines start shutting down you should be far more worried about Bitcoin dying due to how long it would take to find a block than what client is currently running.



1863. Post 12237596 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: jertsy on August 25, 2015, 12:45:32 PM
Everybody, get ready for a massive dump, because I just bought back in. Somehow what I do always makes the price do the opposite  of what is good for me.

I thought it was all about me and you're saying it's all about you Tongue

anyways I'm ready for the dump Undecided

I know the feeling. I was up briefly yesterday and chose to hold just before it crashed. Then when I didn't choose to buy the price went back above what I panic dumped for. I should have taken my meager profits when I could and brought back at 200 but I thought it was going lower instead of bouncing off it.

Perhaps I'll take LFC_Bitcoin's advice in the future.

The reason btc is the easiest market in the world to trade is because so many people trade it who don't have a clue what they're doing.

Experienced traders capatalise on this and are buying when you think its going to dip lower and are selling when you think its moon time.

If you don't trade anything else just buy and hold, all you do by flip flopping is give your money to the sharks.



1864. Post 12238077 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: nioc on August 25, 2015, 01:41:03 PM
Everybody, get ready for a massive dump, because I just bought back in. Somehow what I do always makes the price do the opposite  of what is good for me.

I thought it was all about me and you're saying it's all about you Tongue

anyways I'm ready for the dump Undecided

I know the feeling. I was up briefly yesterday and chose to hold just before it crashed. Then when I didn't choose to buy the price went back above what I panic dumped for. I should have taken my meager profits when I could and brought back at 200 but I thought it was going lower instead of bouncing off it.

Perhaps I'll take LFC_Bitcoin's advice in the future.

The reason btc is the easiest market in the world to trade is because so many people trade it who don't have a clue what they're doing.

Experienced traders capatalise on this and are buying when you think its going to dip lower and are selling when you think its moon time.

If you don't trade anything else just buy and hold, all you do by flip flopping is give your money to the sharks.

But you said it was going down into the 100s and there I wait.

Patience

We were in the $100 less than 24 hours ago.



1865. Post 12239398 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

So looks like Slush pool isn't actually running XT and likely wont in the future, lol.

https://www.reddit.com/r/Bitcoin/comments/3iacvf/the_hard_fork_will_bitcoin_xt_take/cuezquz



1866. Post 12241281 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.24h):

Quote from: JorgeStolfi on August 25, 2015, 06:41:24 PM
So looks like Slush pool isn't actually running XT and likely wont in the future, lol.

https://www.reddit.com/r/Bitcoin/comments/3iacvf/the_hard_fork_will_bitcoin_xt_take/cuezquz

Quote
if hardfork will come, we'll probably use Core with bigblock patch

Amazing how Adam Back, Ph. D., with two months of relentess FUD and personal smears, without any hard arguments or data, has managed to turn the question "1 MB vs. 8 MB" into the holy war "Heroic Blockstream devs vs. CIA agent Mike" in the heads of so many bitcoiners.

Oh I'm sorry I must have missed the part where I said anything about the  itself and wasn't just laughing about the fact that people have been touting slush pool on the side of xt so it's funny to see them come out and say they wouldn't run it.  

Besides,
If you can't see the difference between xt and just running big block patch on core  that's your problem.  Then again if you were into bitcoin you'd probably be all for a 2 Dev nsa coin anyway. 



1867. Post 12722270 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.28h):

Yawn, wake me up below $200 or above $350



1868. Post 12782444 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.29h):

Quote from: dreamspark on October 18, 2015, 07:25:10 PM
Yawn, wake me up below $200 or above $350

Might even get re-awoken this year. Probably not though $320ish top imo.



1869. Post 12823918 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.29h):

Quote from: spooderman on October 29, 2015, 07:06:01 PM
only problem is, no mtgox shenanigans to give us the kind of fireworks we had in 2013:(

You clearly have never visited the OKcasino.



1870. Post 12857250 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.30h):

Who is seriously selling here? There's really no historical resistance in this area, even if it is around the top there's no point selling into the rally. Wait for confirmed reversal and sell then.



1871. Post 12858037 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.30h):

Quote from: JayJuanGee on November 02, 2015, 01:19:15 PM
Who is seriously selling here? There's really no historical resistance in this area, even if it is around the top there's no point selling into the rally. Wait for confirmed reversal and sell then.


And, how exactly will we know that there is a reversal..... after it has already occurred, no?

Well duh.

Point is you never sell into a rally or buy into dumps trying to pick tops and bottoms you sell or buy after confirmed trend reversals and ride the train in either direction.



1872. Post 12860643 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.30h):

Back to $5 billion market cap. Its been a while  Grin



1873. Post 12861022 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.30h):

Man its gotta be painful to be in a short right about now.



1874. Post 12867412 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.30h):

If this is your first bubble, take some advice from someone who's been through 2. Do not try and trade it, do not short at 'double' tops, do not call tops at all. You'll simply chop yourself up and end up buying higher. Just wait and ride the train, yes you won't sell at the top, same way as those who sold $900 didn't buy the bottom.



1875. Post 12870674 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.31h):

Quote from: Holliday on November 03, 2015, 03:46:59 PM
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. 



1876. Post 12871150 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.31h):

Quote from: makeacake on November 03, 2015, 03:58:08 PM
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?


lol

Nothing about not being the sort to waste, at a guess judging by how old his account is, 20-30 days of my life on something I don't like and think will fail with 0 gain is shallow and greedy. Its called not wasting my life...


Besides Jorge statement of " I am still quite disappointed by the loss of almost 70% of the money that I put into this coin." is an obvious quip at the people who bout around all time highs.



1877. Post 12871309 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.31h):

Quote from: makeacake on November 03, 2015, 04:47:29 PM

Only shallow and greedy people can't understand why someone would spend time on doing something "with 0 financial gain."
Not understanding that also makes you ... oh, forget it. As hopeless and pointless as convincing a rock that it's a rock Sad

You spend time doing things with 0 financial gain if it helps others, or improves yourself or a myriad of other things. None of which Jorge is doing.

Wasting your time doing something which neither helps yourself or others is idiotic, rather like yourself.



1878. Post 12871675 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.31h):

Quote from: JorgeStolfi on November 03, 2015, 05:17:45 PM
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.  

Bah.  I invested even more work and time on the Voynich Manuscript, and don't regret it at all.

Yar but studying and/or breaking the manuscript could have helped further a career or bestowed previously lost knowledge on the world.

Dismissing / riling Bitcoin all day, not so much.



1879. Post 12872481 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.31h):

Wow and just like that shorts are the lowest they've been on BFX since Dec 2014.



1880. Post 12872608 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.31h):

420 BLAZE IT FAGGITS



1881. Post 12873795 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.31h):

inb4 bears saying they made so much money today as they obviously shorted the top. Lets ignore the fact they missed the huge 100% long over the last two weeks.



1882. Post 12880319 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.31h):

$507 quarterlies  Grin



1883. Post 12883076 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.31h):

Quote from: billyjoeallen on November 04, 2015, 02:19:43 PM
Do you know why nuclear explosions don't blow up the whole planet? Because the chain reaction needs a certain amount of heat to continue.  Yes, it's an awesome event, but it doesn't last long.

why so grumpy?

Well, I'm considerably upside down on my short, but I'm gonna let it ride.  Coins bought at auction tomorrow will get dumped if we stay anywhere near this high. Somehow I doubt it will stay this high. But then again, I've been wrong before.

Remember Remember the Fifth of November.



Why do we always perpetuate the lie that auction coins are sold? You have no idea at what price they will be bought? With the end of the bear market seemingly in sight it could be the last time a chunk of coins like this can be bough so easily. They could easily go over market price.

There's also no evidence that previous coins have been sold. Drapers coins haven't moved. The only evidence for auction coins being sold before if that 1 block that got sent to bfx, thats it.



1884. Post 12889150 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.32h):

go back at look at 2013 charts, this is how btc rallys work.



1885. Post 12954915 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.33h):

This thread is mind boggling. Of course the markets are manipulated when only a few thousand of the same BTC are traded backwards and forwards. Trading is a self fulfiling prophecy and those that have the most clout can be wrong as well. Just look at how much those big whales lost on OKC in the last few days.

Of course the USMS didnt pump the price.

We over extended after finally breaking out of a year long range and we had a very healthy correction to retest old resistance areas. That simple.

Dont be suprised to be passing $500 in the next few weeks or to find ourselves a new range between 290-390.




1886. Post 13012812 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.34h):

Quote from: Hunyadi on November 19, 2015, 11:59:09 AM
I won't expect a mini rally for the rest of November but if we stay at 330-340$ I think that would be good enough.

http://uk.businessinsider.com/r-eu-clamps-down-on-bitcoin-anonymous-payments-to-curb-terrorism-funding-2015-11?IR=T

i think that could bring an end to hopes for a rally or whatvever

even 150$ and below


"strengthen controls of non-banking payment methods such as electronic/anonymous payments and virtual currencies and transfers of gold, precious metals, by pre-paid cards,"

Well hello 1984! Is this prelude to cashless society?  Cry

Thats the way the world is trying to go.

Good job I know a pretty good cashless system already and won't have to submit to the centralized alternatives.



1887. Post 13121119 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.35h):

Quote from: billyjoeallen on December 01, 2015, 12:36:49 PM
so I'm getting a new node computer that I plan on running XT or BIP 101 with.  Cybermonday at Dell.com gave me a 4GB refurbished 1.6 GHz desktop WITH monitor and shipping for $118!

And yes, 1TB hard drives cost less than a carton of cigarettes now so all you smallblockers griping about the "burden" of blockchain bloat can find something else to whine about. Your days are numbered.

I also bought three C.H.I.P. computers for $30 shipping included. If I can configure them into XT nodes, I'l buy about a dozen more.

Storage space is indeed a small issue. Bandwidth on the other hand...



1888. Post 13174461 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.36h):

$600-$700 before the end of Jan imo



1889. Post 13217074 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.37h):

Quote from: AlexGR on December 11, 2015, 05:16:16 PM

People sold at 30, 50, 100 and are still waiting to get their coins back. At some point, people selling at 100, 200, 300, 400, will have the same fate.

In other news:

Bitcoin Difficulty:   79,102,380,900
Estimated Next Difficulty:   93,295,173,091 (+17.94%)

https://bitcoinwisdom.com/bitcoin/difficulty

Interesting indeed, has anyone any idea though how efficient this new gen of miners are that are clearly pushing the hash rate so high.

I.e is the cost of producing 1BTC actually getting higher



1890. Post 13256539 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.38h):

Wha wha wha so many whiny bears, you carry on talking about irrelevant bids and asks and ignore the bigger picture, be my guest. But but blocks lol

Halving.
Difficulty increase.
Increased interest.

These are things that are affecting price. I fully expect to see nearer to $100mil in leverage longs when this really starts bubbling.



1891. Post 13264903 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.38h):

Quote from: spooderman on December 16, 2015, 09:47:20 AM
the guy who sold his house for bitcoin last year is about to break even!


Well, well, well... I am back for an update.

Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!

HODL!

Happy Holidays and Happy New Year,

Tay More

good to hear that he hasn't panic sold Smiley

wow! that is ballz of steel.

Because the Canadian dollar has also been taking a beating over that time as well he probably broke even a while ago in regards to the value in Canadian dollars that his house was worth



1892. Post 14761479 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.50h):

Quote from: Ultrafinery on May 05, 2016, 01:59:04 PM
AAAAANNNNNNDDDDD   scene
...
http://www.drcraigwright.net/homepage.jpg

It's a brand new domain which could belong to anyone?

He made his announcement from that site.

You sure it was *HE* who made the announcement from that site? Bitcoin is a world of intrigue and subterfuge...



http://drcraigwright.com/ Cheesy

There is a BBC article highliting that the proof process was "put on hold"



1893. Post 14904149 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.50h):

Some serious selling going on. Guess down is confirmed once those liquidations start coming in



1894. Post 14987173 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.51h):

And ETH simultaneously dying.

so many ETH bag holders now down at least 30%.

Such a classic pump and dump tactic. Get people to buy a coin to lock it up in something (DAO, masternodes) then dump it while a huge number of people cant access their coins.



1895. Post 15030013 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.51h):

Quote from: marcus_of_augustus on May 31, 2016, 08:45:19 AM
http://www.coindesk.com/kncminer-declares-bankruptcy-cites-upcoming-bitcoin-subsidy-halving/

... so this is the real reason behind the rise, or rather the reason why bitcoin was being held down and now allowed to rise.  KNC miner was going broke and the chinese miners got wind of it so conspired (probably in cahoots with some notorious shorts) to hold price below cost of production until KNC was bust.  As soon as that happened they let the price go up to a new level ... where they think they can manage it.

These shennanigans have released some important information into the market, givn some of the game away so-to-speak.  Cost of production is somewhere around $480 at current difficulty so after halving that will be around ~$960, by a simplistic 1st order estimate.  Bitcoin price has never spent large amounts of time significantly below cost of production so it is a good bet that 3-6 months after halving bitcoin price is going to be ~$960.

Got any proof of that $480 estimate?

The chinese have got extremely cheap electricity so I wouldn't be too sure it costs them that much to produce a coin. 



1896. Post 15208606 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.53h):

Quarterlies are still on a different planet



1897. Post 15210307 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.53h):

Huge mempool backlog currently



1898. Post 15234306 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.53h):

Who feels sorry for Mike Hearn ?  Grin



1899. Post 15299589 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.53h):

This is so fucked, bitfinex can suck a dick



1900. Post 15569196 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.55h):

Quote from: redsn0w on July 13, 2016, 09:41:37 AM

So you think that this is the 'real' price now, right ? Because the price already double tripled compared 10-11 months ago.

Who knows what the real price is, OTC markets use on exchange prices but exchanges dont show the real demand for BTC as its mainly traders passing the same % of coins backwards and forwards



1901. Post 16519867 (copy this link) (by dreamspark) (scraped on 2020-04-04_Sat_14.58h):

Anybody have a clue what Finex withdrawal times are at the moment ?